covering baidu's surge. that is tomorrow across bloomberg television. edition of "bloomberg technology." thank you for joining us. this is bloomberg. ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a sponsored program that is furnished by shriners hospital for children. ♪ shriners hospitals for children present stories of love.

baidu, trip.com, these are among the 13 companies whose top management were summoned by a whole slew of regulators in china including the central bank, the banking and insurance regulator, the securities regulator and the foreign regulator. beijing means business. they are basically telling these companies that their financial interests, financial arms of their large platforms are going to be curtailed. is this practices of lending or wealth management or insurance , essentially banking services which have been regulated more as ruins companies and banks, are now going to be regulated like traditional financial companies if they are providing natural services. there is a long list of rectification's, we don't have a timeframe for which they have to comply. but among the rectifications include payment services have to return to their roots and that means providing payment. they must sever in proper links to other financial products. keep in mind, these payment platforms link all of their services and help monetize those services. on top of that, they have added insurance, wealth manag

we have baidu bring, which is also open. to share data with partners. >> giving up data could surely upend positions. noncompliance is the bigger risk. for alibaba, getting off with a fine does not meet it is in the clear. that will not pave the way for an ant ipo resurrection. >> it also depends on how the company reacts to changing regulatory requirements. >> which begs the question, how far will the government go in taking on alibaba and tencent and the others? >> they need the golden egg. they need the innovation and growth. they know if they try to do it with a small these company, it will not work. paul: still a lot of unknowns with china's regulatory crackdown on big tech such as how far authorities myco when it comes -- authorities might go when it comes to reining in champions of technology. >> it is not just alibaba. that is the case study because of the high profile speech jack ma gave in october. then the subsequent scott pring of the world beating ant group ipo. that triggered a cascade of different measures fro

we have baidu brain which is open.nt to share data with other partners. >> giving up one's data could upend existing market-leading positions. noncompliance is perhaps the bigger risk. for alibaba, getting off with a fine does not mean it is in the clear and that alone will surely pave the way for a resurrection. >> it depends how the government restructures our regulatory framework in terms of financial technology. it also depends how the company reacts to the changing. >> how go will the government -- how far will the government go? >> they need the golden egg. they need the innovation, the growth. they know if they try to do this all from state companies that is not going to work. >> that is redlines, china and big tech. for now, a quick check of the latest business flash headlines. bridgestone says it will support the tokyo olympics and paralympic games as a key sponsor as long as the safety of participants is secured. in an interview with bloomberg, the ceo said it will refrain from holding a big marketing campaig

for ai in general, we have baidu bring, which is also open. we like openness. to share data with other partners. >> giving up data could certainly upend existing market positions, but noncompliance is perhaps the bigger risk. for alibaba, getting off with a fine does not mean it is in the clear, and that alone surely will not pave the way for a resurrection. >> it depends how the government restructures our framework in terms of technology and also depends on how the company reacts to the changing environment. >> which begs the question -- how far will the government go in taking on alibaba and tencent and all the others? >> of course, they need the innovation, the growth, and they know that if they try to dissolve a state company, it's not going to work. paul: with us now is our chief asian correspondent, stephen engle, host of the new show "red line." there are still many unknowns with china's regulatory crackdown on big tech. for example, how far will authorities go in reining in national champions of technology? stephen: alibaba is perhaps the first to be t

baidu -- opening up data to sharing.ach -- baidu approached sherry. -- approach sharing. >> we like openness and want to share data with partners. >> giving up one's data could up and existing martin -- existing market position. noncompliance is the bigger risk. for alibaba, getting off of the find is not mean it is in the clear, and that alone would not repave the way foreign aunt ipo -- ant ipo resurrection. >> it also depends on how companies react to the changing environment. >> which begs the question, how far will the government go taking on alibaba and tencent and others? >> they need the golden egg laid by these companies, the innovation and growth. they know if they try to do this offer must date company it will not work. emily: watch more as stephen engle explores how far china will go raining in national tech champions. redline china and big tech tonight it :00 p.m. eastern and saturday morning in london and hong kong, very important coverage. . does it for this edition of "bloomberg technology." next week, we

closely in washington as well as for future reaction but for now not an unexpected move in terms of the baidu ministration where things stand many thanks for that can be home for us live in washington d.c. . we will be monitoring any reaction that comes out of the u.s. to that statement coming in from the president of turkey lots more news coming up at the top of the hour stay with us. hello i'm debbie navigator this is counting the cost on al-jazeera your look at the world of business and economics this week the climate emergency the price of going green and why it doesn't need to cost the earth so what is the world waiting for also this week new zealand an economic test bed for inflation in the ninety's has the world's central banks watching closely for its next experiment this time it's targeting surging house prices. iraq has no gold deposits yet it's become one of the country's top exports billions exported to turkey we find out why . was a nation responsible for the biggest share of greenhouse gases in the atmosphere today president biden has pledged more money and made new commitments

this latest government is cracking down on tencent and baidu, at least they have been summoned to this meeting. they brought all of these companies in. tencent and bytedance, mate one -- meitwan, ride-hailing, food delivery, they were called in and given a long list of things they have to do. including folding them into a holding company that has oversight from the pboc. it includes ridding themselves of practices that put them in a monopolistic position, as well as putting themselves into financial holding companies. payment services have to return to their roots and must sever improper links to financial products, so it is an unwinding of all of these financial services that these big platforms and smaller platforms have added to increase revenue because they have the scale to do so. haidi: how do those requirements compared to what they asked us? >> it is a good question. why were they singled out? aunt group has the biggest financial holdings, as well as they are the biggest leader in e-commerce. they had the biggest fine on anti-monopoly issues but the financial restructuring and

was happening was not a concentration camp but what's happening now is a pure travesty because the baidu ministration has encouraged people to come when there is no way for them to be provided for in the middle of the spinning $86000000.00 of taxpayer dollars to put illegal aliens which is the proper term to put them into hotels american taxpayers are paying for these people to come and go into hotels. united states and american taxpayers also may be footing the bill for this offer was the biden ministration in no uncertain terms essentially inviting people to come up come to america you'll be housed and fed and you'll have a lovely life ahead of you let's bring it back for a moment though about this issue you know. talking about we can call this a surge is now a word of white supremacy what about all those who have maybe just why read about the impact of the migrants will have on say jobs so all the covert pandemic they also white supremacists now. well you know when they are trying to talk about code and how we need to have her have a real lockdown or we're basically a year out from wh

. >>> and baidu is launching driverless cars across beijing >>> "worldwide exchange" is back in a momentt survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. join the fight with the alzheimer's association. ♪ “you were always on my mind” by willie nelson ♪ ♪ ♪ we're delivering for the earth. by investing in more electric vehicles, reusable packaging, and carbon capture research. making earth our priority. thought i'd seen it all. ♪ i hope the vaccine can get me one step closer to my fiancé. dance on stage. spin class! i can't wait for my patients to see my smile again. to hug my students. to give my parents a proper send off. to go salsa dancing. no. i can't wait for you to meet my mom. play my piano for my friends. to give high fives to our patients. i think we are one step closer to being...better people. with every vaccine, cvs is working to bring you one step closer to a better tomorrow. >>> welcome back time now for the daily vaccination update nearly 234 million doses have now you bbeen admini

of course, we saw the chinese adr -- alibaba, baidu in that index -- that is in the green, isolated fromomestic tech story. lastly, the small caps also isolated. this is really a big market cap story. small caps a little bit more protected in that scenario. emily: thanks for walking us through all that. appreciate it. tiktok definitely benefited from a global lockdown, with so many of us looking for windows into the outside world, but remember, it was already a household name before the pandemic and is now really the social network and voice of jen z -- of gen z. one beneficiaries josh richards. each of his videos gets an average of 2 million views. he is among the top three content creators on the platform , which has gotten him some sponsorship deals and even some of his own new entrepreneurship endeavors. josh along with other content creators partnered with marshall sandman to launch the first gen z-focused venture capital fund. it will focus on consumer technology as well as health and wellness. so great to have you. i producer is giddy in the control room that you are here with us

we will bring you a special conversation with robin lee, covering baidu's surge. bloomberg television. that does it for this edition of bloomberg technology. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choose from. get gym results at home. no expensive machines, no expensive memberships. go to aerotrainer.com to get yours now. emily: robinhood launched in april 2013 with the stated mission to democratize investing. named for the legendary outlaw who stole from the rich to give to the poor. thanks to a slick interface, no commissions or minimums, the idea is anyone, anywhere can invest in thousands of stocks, just like the big guys, as this super bowl ad suggests. >> you don't need to become an investor. you were born one. emily: but taking on wal

chinese adrs, alibaba and baidu actually in the green isolated from a domestic tax story.q biotech index under pressure, but not the same extent as the aforementioned stocks. the small caps also isolated from that story. emily: thanks for walking us through that. appreciate it. tiktok benefited from a global lockdown with so many of us looking for a window to the outside world. remember it was already a household name before the pandemic and it is now the social network and voice of gen z. one content creator benefiting from the boom is josh richards who has a huge following on instagram and youtube. tiktok alone, he has 24.9 million followers. each of his videos getting an average of 2 million views. he is among the top aide content creators on the platform with sponsorships, podcast deals, even his own entrepreneurial endeavors. less than a month ago josh along with other content creators partnered to launch animal capital, the first gen z focused venture capital fund with digital creator megastars at the founder level the fund will focus on consumer and financial techno

baidu, alibaba and tencent had since flown under the radar.akes a look at how quickly things have changed in a new bloomberg television special. here's a sneak preview. >> i think companies like ours, we invest more than 15% of our total revenue every year to do r&d. i think the government would like that. in the meanwhile, antitrust is also good for innovation. you just cannot imagine the number one and number two guy all of a sudden merge and gain more than 90% of market share in the u.s., but that happened quite a few times in china before. that is not good for innovation. i think the antitrust approach is justified. >> one way they grew is by pouring billions into many of china's next generation tech unicorns, sometimes even cross investing in the same startups. it obviously further inflated the big platform's offerings, but arguments could be made on both sides whether the m&a closed off or cracked off competition. >> if the other guys are doing it and i don't do it than i am in a competitive disadvantage, so i think some measures to at l

the nasdaq golden dragon index housing the likes of alibaba, baidu, also doing pretty good.he nasdaq biotech index was rallying, with even the big tech and things like semiconductors. emily: kriti, thanks so much for that roundup. bloomberg's kriti gupta. meantime, after a hard year for most ev stocks, most getting a boost as president biden mounts a major push to speed up the adoption of electric cars. the president's infrastructure proposal unveiled this week allocates $174 billion to ev's, including tax rebates for consumers, in addition to various industry incentives. for more, let's bring in dan ives. what does this actually mean for electric car companies, specifically tesla? dan: yeah, this is going to kick off the green tidal wave. in terms of tesla and gm, the reason it is important is they are going to whip the ceiling on the 200,000 where now you will see tax credits are stored for tesla and gm. we believe that the 7500 goes to 10,000 or potentially more. this is the start of what i believe is a $5 trillion market with biden kicking off the green tidal wave in the

the likes of baidu, alibaba, jd.com, some cello verse coming from the asian session. we will see if that continues in a few hours. we have electric vehicles as well as nasdaq biotechs doing well. that is the macro picture. for the micro, let's get to ed ludlow. ed: netflix down almost 7.5%, biggest drop since the election in november, biggest points decliner on the nasdaq 100. the company added 400 million new subscribers in the last quarter. is this the end of the stay-at-home stocks? the picture tells the drama of tuesday evening when we got results. the stock has been treading water. netflix signposted it. look at the drop we got on wednesday. no one expected the growth slowdown to be that severe. the interesting thing is the effect we felt in the other stay-at-home stocks. look at peloton interactive, down more than 6%, one of the big beneficiaries of the pandemic, lots of people getting peloton when exercising at home. zoom and roku were both down in wednesday's session, but came back later in the day. i am looking at tesla. lumina, they are a lidar makers, up 15

our correspondent stephen engle takes a closer look at how china's so-called bat companies -- baidu,baba, and tencent, had flown under the regulatory radar. >> companies like us invest 50% of our total revenue every year to do r&d. i think the government likes that. in the meanwhile, i think that antitrust is also good for innovation. you just cannot imagine the number one and number two guy all of a sudden emerge and gaining more than 90% of market share in the u.s., but that has happened quite a few times in china. that is not good for innovation. i think the antitrust approach is kind of justified. >> one way the b.a.t. biggies grew their girth is by sometimes cross investing in the same start. it is obviously further inflated. arguments could be made on both sides whether the m&a closed off or cracked open competition. >> you can say the other guys are doing it and if i don't do it, then i am a competitive disadvantage. i think some measures to at least make the ground clearer will certainly be helpful to us, us meaning vc's who invest in early stage technologies. that, quite fri

the massive fire sale morgan stability is the fund's largest prime broker the vast stocks included baiduncent and six other names and may have saved the bank $10 million in losses. >>> and patreon bringing its valuation around $4 million. it allows creators and others to get support by the demands patreon has a public listing this year and approached by special acquisition companies or spacs. >>> just when you thought the spac craze was winding down, take a look at this, grab, southeast asia's company is getting ready to merge with the ride hailing company the deal would see grab list in new york as soon as this week, possibly joining me on the cnbc news line, at the financial times, arash massoudi who helped break this deal. arash, take us through this deal, it's hard to say spac and deal in the same sentence? >> exactly, dominick, everything that we've been hearing in the last few weeks, the pipe, the private investment equity with these deals, and with the shares and yet we get this news that grab, which is a single-core company with business across southeast asia, offering everything

four adrs caught up in that sell-off in -- there's a music, it's in shopping, it's in search with baiduand so i think a lot of really interesting opportunities in this, because so much chaos between what's happened with the archegos stuff and we think coronavirus is here to stay, is i guess what i would say to you in reference to that. >> right dan, thanks for helping viewers understand at least some of the thesis around some of these names and the confusion is something we all understand, too. good to see you again. thanks >> thank you very much, carl. >>> now today's crowdsource. a debate on twitter after basecamp bans societal and political discussions on its internal platform following in the foot steps in the way of coin base which made a similar move last year what's your take politics on the clock or on your own time bottom 69 screen takes you to our "techcheck" twitter feed later on in the show show your responses. >>> a stand against stands already good responses. >>> coming up on the show. ceo of adobe, co-founder of lyft and chairman of espn all ahead this hour. "techcheck" i

others like baidu claim to be open to opening their data vault. >> it's very much in line with our beliefen platforms for ai in general. we like openness. we want to share data with other partners. >> giving up one's data could upend existing market-leading positions. but noncompliance is perhaps the bigger risk. for alibaba, getting off with a fine doesn't mean it's in the clear. that alone surely won't pave the way for an anti-ipo resurrection. >> it depends on how the government restructures our framework in terms of financial technology and also depends on how the company reacts to the changing environment. >> which begs the question, how far will the government go in taking on alibaba and tencent and all the others? >> of course, they need the golden egg laid by these keys. they need the innovation and growth. they know that if they try to do this all from state companies, it's not going to work. anna: a closer look there at the china tech story as part of a new bloomberg television special. that's it for bloomberg daybreak europe. european open is up next. we'll be back in just a mo

." ♪ >> the baidu administration is poised to impose sanctions on russia. -- the biden administrations poised to impose sanctions on russia. the move could be announced today in a phone call with vladimir putin. president biden ward the u.s. would defend its interest. fed chair jerome powell says probably will scale back the bond purchases considering whether to raise interest rates. in virtual event in washington, sketched out the fence and sued strategy -- the fed's exit strategy. he was regulators have extended the pause on the use of the johnson & johnson coronavirus vaccine. they concluded the meeting without a foot on the issue and will seek more data on a rare blood clotting side effect. jp morgan launching a multitrillion dollar green initiative. the bank has set a 2.5 trillion dollars in projects that combat climate change in advance sustainable development over the next 10 years including $1 trillion of financing for projects that offer clean energy sources. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts

not surprising we actually had , pressure for jd.com, for baidu, for tencent. beijing also wants to create an entity to oversee internet data. according to sources. not to mention they are going to start curbing market concentration in online payments. we have already seen it with ant group. we are expecting that to happen with tencent. tencent has been warned as well. we are watching those developments closely. caroline: you certainly will be when you take to the helm. you do not want to miss her programming. it will be plenty more on this story i am sure. meanwhile, coming up two south , korean ev battery makers ended their trade secret spat. ending a 10 year import ban into the u.s. saving thousands of , jobs in the state of georgia. senators jon ossoff joins us next to discuss that settlement and the new controversial voting law. this is bloomberg. ♪ >> for our bloomberg tv and worldwide, we are joined by a special guest right now. he is the man of the hour. there is a big drama being played out in the state of georgia about whether a major battery plant wo

so companies like alibaba's logistic arm and baidu tinker with self-driving evs to help workers and residentsile vending machine. got my water here you can pay for a meal with china's brand new state controlled digital currency and rest on a dual use park bench. >> this has a solar panel and i can charge my phone. >> reporter: the city is offering tax breaks and perks to attract china's big tech as well as more familiar names as long as they realize their goal to set global standards as the slogans read with chinese characteristics. for the news, i'm eunice yoon. >>> in america, the reopenings continue across the country, including theme parks. universal studios hollywood dusting itself off after a long hiatus we're live there, precautions and all. >>> and a man looking for redemption and a boy looking for a home a home ed tma tiramlove they both how do you top the perfect cup of dunkin' cold brew? with the perfect top of sweet cold foam. ♪♪ sip into a smooth dunkin' chocolate stout cold brew topped with sweet cold foam. order ahead on the app. america runs on dunkin' >>> reopening america an

take platforms i think it will i think the others have also been fined not by as much like $0.10 and baidu have also come in. i think the government didn't really have a dog in the bowl and i think for a while they just didn't really get what was going on the fact that these are are not really these are tech forms but they're also immensely powerful financial platforms and so i think it will change how they act in terms of the other or operations when i clip it going in there is always a good to have you with us here on this particular topic on the chinese regulate. it is a major international showcase for the latest in industrial technology the hanover fan on this year the world's largest industrial show focuses on official intelligence machine learning and robotics and normally the city of hanover would be buzzing with guests from around the world but in times of the coronavirus pandemic exhibitors and visitors can only meet in the virtual space. hot over airport would be open but who would even want to visit just to go into quarantine for 10 days especially since nothing is happening at

are you buying baidu and viacom? >> yeah.t we started starter positions. we've been adding to those over several days we actually bought more yesterday when we thought, you know, credit suisse with the big block trades they had, we think that cleaned out the majority if not all of the, you know, fallout from others. so we actually added to our viacom position yesterday as well so, you know, for us, we like risk versus reward in the sense of valuations being pretty low where you feel great about the businesses and, you know, we feel good about both of those companies. so, yes, we've been adding on the way down even if the market goes down you know, 10% to 20% in the back half of this year. because thaey've been discounte so much already. >> dan, we spent a lot of time this morning talking about the potential for inflation. it's something that jamie dimon brought up in his annual letter this morning and we kind of batted that around w. a lot of different perspectives on this if there is higher inflation to come, let's say it do

we are also watching big technology companies like huawei and baidu entering the market.need to see the market holistically. tom: a number of automakers feeling the impact of the global chip shortage. is that the end? do you see more pain and pressure ahead when it comes to the supply of chips? >> the chip shortage significantly impacted the entire automobile market. as our quantity is relatively small, we are confident we can whether the situation despite the challenge. we hope the supply improves and the second half of the year, but the second quarter will be very challenging. tom: what are the steps specifically you are putting in place to address that chip shortage? >> we built a team which oversees the entire supply chain to monitor which supply will affect our capacity. i think the mechanism is good. we started this last year and it ran well in the first quarter. shery: we will get analysis on the future of china's ev markets and the wider auto industry in the next hour. this is bloomberg. ♪ vonnie: this is daybreak: asia. the united kingdom has added india to its t

to give baidu concierge service and also developed with netflix special deals.looks to me -- here's my point. it looks to me what you've done is you've been willing to cut special deals with other major companies who already have significant market power and have significant market share and use it to squeeze you. for smaller competitors to get into the market there you've put the squeeze on them. isn't that accurate? >> respectfully, senator, it is not. we have operated the store for the last 12 years that has continually looked for ways to encourage small and independent businesses to grow and develop on the app store. and we launched the small and mid-size program last year so we're going to continue to find ways to invest to make it possible for everyone to create on the app store. >> well, my time has expired and i look forward to pursuing some additional questions with you and other witnesses in writing. but i'll note in closing what it looks like to me the pattern here is that apple is happy to jerry rig the rules and happy to cut special side deals and h

comforters including bytedance, baidu, and jd.com were summoned and pledged to end abuses.s a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: homeowners looking to go green by looking to solar power may be facing a moral dilemma. nearly half of the world's supply and a key ingredient comes from china's province where the government faces accusations of human rights abuses. beijing denied any forced labor, but as bloomberg discovered, the factories operate under a veil of secrecy. ♪ >> they are definitely following us. this can put an end to our video very quickly. >> the security apparatus was pretty intense. before i went to the province, i was saying things like, is probably exaggerated someone. it was actually a little bit more. >> those are two of the cars that have been following us for at least a couple of hours. >> they have traveled to china, the region at the heart of the countries solar ambitions, and but critics say is the center of a crackdown on m

baidu is down. alibaba's down. you've looked carefully at gsx.ou kind of sum up the reputation of chinese companies listing in the u.s. and how it is been hammered by these allegations of fraud and the delisting's of china mobile and all the overhang of the china- u.s. relationship? >>gsx is such a unique example. hopefully it is not representative of chinese adrs. it is such a rare situation where so many different independent research firms look at a company in such a great detail. so much online tracking, etc. and everyone reach the same conclusion, that is that the company is mostly fraud. the financials are likely to be greatly exaggerated. students and teachers and certificates are likely to be fake. it is a truly sad story. nowadays in china -- you have a new business coming to the u.s. with billions of dollars of market cap by a fraudulent business. it is beyond comprehension that a sophisticated -- that any institutional investor will possibly look at this company from the long side and get involved. we spent roughly 1000 hours looking i

it seems like a lot but if you consider baidu was 100 times oversubscribed, and billy billy, three times does look like retail investors in hong kong are kind of losing their enthusiasm for secondary listings from chinese firms. may the market is getting saturated. haidi: what are we hearing about the potential recovery, especially when it comes to tech related stocks? reporter: is a difficult time to be investing in tech. there was a broader selloff generally, globally, because of rising yields. these are the stocks that were the most expensive, the biggest run-up. they tend to selloff faster. and's hong kong and china, these companies are obviously under scrutiny from the chinese government. trip.com was among the 34 mainland chinese firms summoned last week by regulators, and asked to look at themselves and conduct self checks to rectify anticompetitive actions, so as to avoid the scrutiny and fines slept on alibaba. there were reports last week that antwerp -- ant group, jack ma's stake was going to be sold, which the company has since denied. again, beijing's control of the tech sec

media companies, discovery and viacomcbs along with chinese companies like baidu and tencent music.a close to $1 billion loss though smaller than credit suisse charlie, i've got to get your take on this the last time we had you on this show in particular was just after the sell-off had happened, i guess, but perhaps before all the stories had come out what's your take as we sit here today, firstly on where viacomcbs trades sit now and if you've got back into the stock and which banks played which roles? >> i think the story is the stock has been in unstable hands for the last month or so people like me who loved it, owned it at 20 and 30 and 40 and 50, and then all got out, most of us got all the way out in the 90s or 80s then they did the offering when somebody does a convertible bond offering, simultaneously those buyers often short the stock. then there were those big block trades so the stock is just not in natural long-term hands right now. last time i was on i think the stock was 72 and we said it was still above our calculation of intrinsic value. at 39, it's now below our ca

owning the stock, that's the more amazing part and it looks like on the way up like discovery and baidud certainly on the way down and they pay the piper and i gathered there are some others. ashley: .-dot piper is stinking rich now. gary kaltbaum, fantastic stuff, thank you. we appreciate it. great information. >> thank you. ashley: thank you. let's look at the dow jones winners, goldman, walt disney, chevron, nike are all moving modestly higher, goldman up 1%. looking at the s&p 500, alumina up more than 8%, a lot of energy place there . the nasdaq alumina again, trip.com. up 3%, fox corporation and netflix as well up one and three quarters percent. but get to this story, colorado could be the new home for the major league baseball all-star game, that is an aerial view of denver, but there's a problem and turns out colorado's voting loss are more strict than george's. can't make this out. president biden is confident his plan to raise corporate taxes will come without any problems listen to this. >> highest tax for corporations, are you worried? >> not at all, not at all because there