go> on the bloomberg terminal. after one of the largest downside misses on record this friday as u.s. jobs are part will tell investors if the labor supply crunch was a one-off or something we are going to have to live with months,. it is an extremely important report and i will probably repeat that throughout the day as well, throughout the week, you can bet. later on, china's made factory pmi numbers adding to concerns the recovery momentum in manufacturing might be peaking. we will dig into the details of the latest data. this is bloomberg. ♪ ♪ matt: welcome back to the european market open. we are 51 minutes away from the start of cash equity trading. there's going to be very light trading all day today as it is a holiday in the u.k., a bank holiday have some sort, a made up one i guess. and memorial day the u.s., a real holiday, and we hope everybody is feeling some peace on this memorial day. let's get the bloomberg first word news with laura wright. laura: president joe biden is pledging to raise the issue o

this is bloomberg. ♪ matt: this is "bloomberg markets." i am matt miller. turn to our weekly segment on the new economy where we examine how global leaders are trying to solve the world's biggest challenges. china is defending its latest census which shows population growth is at the slowest pace in decades. the data has huge implications for the economy of the chinese and the global economy. we are joined for more from andy brown. he is a bloomberg new economy editorial director. how is this happening, as you and i were talking about during the commercial break, they expanded their one child policy to a two child policy five or six years ago. they stuck to that. are they going to let it go? andy: likely not. letting it go, letting people have three babies or more, is basically to admit that the policy was wrong. and as you know, the communist party of china is infallible. they don't want to admit it but in hat -- in fact, the whole population policy was a huge mistake from the get go. it did not need to happen. the population would have come down anyway be

this is bloomberg. ♪ matt: "bloomberg markets." u.s.oared the most since the end of 2005. there is a shortage of property to buy that has fueled bidding wars. the index of property values claimed 13.2% in march from a year earlier, the biggest gain since december of 2005. they were well on their way there in the previous couple of months as well. not just in the u.s. we have seen housing prices soar in germany as well, and i'm sure there in canada. amanda: i think that is a key point. there is some element here that is just cyclical. there is a supply-side issue everywhere, certainly across north america. we just did not build enough. there is also a pandemic aspect of where people want to live, how they want to live. that gets you to the question quickly of how long-termer these trends? is there something different about this? will we stay in these trends or revert back to some other way of being that my throw prices off? matt: very good question. where they don't want to live is in cities, highly populated, dense urban areas. which is

this is bloomberg. ♪ matt: this is bloomberg markets. am matt miller. let's get a quick check for what is going on in the markets. we are seeing the s&p rise a bit. the 10 year yield, there is a law further down, four basis points further from what it was yesterday morning. the dollar index gaining ground, prude at 65.92. interesting to hear -- crude at 65.92. interesting to hear these senators about financing the oil business and whether or not we should be using fossil fuel in 20 years. not will we be using fossil fuels in 20 years, but should we be using fossil in 20 years. we are joined by wheeling global advisor chairman chris whalen, one of the most influential banking analysts on the street. let me get your take first on these hearings. typically there is a lot of theater involved. do you think anything of substance came out of this today? chris: not really. i got to listen to most of the comments and some of the questions, and it is all just a bouquet in washington. it is more bizarre and more extreme than we have seen in past ye

anna: welcome back "bloomberg to the "bloomberg market: european open." here the headlines. big oil. shout, mobile and chevron could see a push towards a greener future. cryptocurrencies in a big way. more from that conversation. seconds away from the start of the trading session. where a little closer to the start of trading day. we were kind of flat yesterday but we are seeing u.s. futures deteriorate. nasdaq futures are down. without we would see a little bit of weakness in the german market, we are seeing that equity market getting up and running now. the london market has opened and it is fairly flat. we will get to a conversation around fx and the role they are playing. we also saw a little bit of a boost of sentiment on trade policy, inflation is still a preoccupation. markets are down. we are making modest losses across the european equity market. the trade narrative is helping to boost some chinese stocks. once a are tied to a broader reopening. the federal reserve would boom as expected, the dollar is holding onto games. joining us now is ulrich leuchtmann head of

gregory flynn joining balance of power with david westin on bloomberg television and bloomberg radio.ng over to the table in london on dab digital radio. we will certainly be working through all of the political develop its we are seeing in the u.k. this afternoon. a lot of pressure on boris johnson. kailey leinz, the long almost here bank. kailey: you are alone on the cable show because alix steel has an extra long weekend, but at least we did our three days in the u.s. and the u.k.. guy: well deserved by everybody. is this going to be a moment of reset? enjoy the weekend. this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we start with a check on the markets. joining us is abigail doolittle. a little green inequities. it is friday before a long weekend. abigail: it feels that way. a cruise control rally, not just for stocks. we have stocks up, we have bonds up slightly, and commodities

guy: our thanks as well to bloomberg's at hammond. -- bloomberg's ed hammond.nues to take a tumble. more volatility. alix: this is going to be interesting to watch. china reiterated a call for crack on bitcoin mining and regulation. bitcoin taking a nosedive. the nasdaq 100 rows over. the nasdaq looking to roll over also. interesting. usually it is a friday buy into the weekend. you have to wonder what pressure we are going to see on these headlines, considering what happened on tuesday. guy: musk, china, tax. it is turning out to be a tough week for bitcoin for the weekend. i am not sure bitcoin has a weekend, though. alix: very true. guy: let's talk about what we've got coming up. into commodities, rising crop prices very much boosting demand for farm machinery. we are going to talk tractors next. your pop results out today. looking forward to that conversation. alix: you're looking at a live shot of the bloomberg businessweek event, where we are speaking to the anheuser-busch ceo. this is bloomberg. >> the recovery is taking place, but also how consumers hav

this is bloomberg. ♪ matt: this is bloomberg markets. i am matt miller. move from working at home back to the office is starting to pick up steam. goldman sachs has a plan for u.s. and u.k. employees to return next month while vanguard is pursuing a hybrid plan that would keep workers remote mondays and fridays. jp morgan wants to bring workers back in july. these announcements are coming fast and the dates coming soon. for more, let's bring in peter coy, economics editor for businessweek. you wrote a story on a return to the office being a chance for a fresh start, talking about a book like katie milkmen. why could this be a fresh start? peter: she is a professor at wharton. the book is on how to change the science of getting from where you are to where you want to be. she says when we get a fresh start -- our lives our chapters. that's how we think of them. our cartilage years -- our college years and so on. we got through the pandemic here. and we hope that the pandemic year is winding down now, so when that happens, when you end one chapter and start

this is bloomberg. ♪ yousef: this is bloomberg: daybreak europe.il is edging higher on strengthening demand as economies emerge from pandemic restrictions. but the market remains focused on opec-plus's upcoming meeting, in which oil-producing nations will discuss how fast to increase supply with virus resurgent in many countries. joining us now is paul lots, bloomberg energy reporter in dubai. we understand it is going to be about color commentary around when we might get iranian barrels back on the market and what they are likely to do. what are you hearing from your sources? paul: yes, iran is going to loom large over tomorrow's opec-plus meeting. the cartel is waiting on the talks in vienna to see what happens. watching them very keenly. many members of the group, including saudi arabia, seem to have accepted the idea that we will see more uranian oral -- iranian oil barrels. all that depends on how quickly the u.s. decides to ease sanctions. but we could be seeing anything from an extra half a million barrels a day to one million barrels a day

bloomberg's mike mckee.berg. ♪ ritika: it's time for the bloomberg business flash, a look at some of the biggest disney stories in the news right now -- based business stories in the news right now. more legal trouble from amazon. attorneys general join the list of officials looking at the online retail giant for potential antitrust violations. the list already included several states and the federal trade commission. amazon is accused of using its market power to crush rivals and vie for business against third-party merchants. best buy is boosting its sales forecast after revenues soared in the quarter. the electronic retailer was fueled by what it says is extreme nearly high demand for its product. best buy says it now sees companywide comparable sales rising between 3% and 6%. -- and 6% this fiscal year after previously forecasting something between a 2% decline and 1% gain. exxon mobil's ceo darren woods has been dealt a stunning defeat by shareholders. a tiny activist investment firm snagged at least tw

this is bloomberg. ♪ guy: this is "bloomberg markets ."on in london, kailey leinz in new york. about three and a half thousand miles from me to you. talking about the idea you could go from l.a. to tokyo in about an hour. this company called the next -- venus, it is basically a hypersonic aircraft, you take off regularly, shoot up and then kind of balance across the atmosphere and glide down. it sounds fantastic. kailey: you make it sound straightforward. guy: it sounds really straightforward. sounds like alix steel's nightmare journey. kailey: kind of mine, too. i did not even like regular airplanes much, and i not super down with space travel -- personally, it captures the imagination, all that kind of stuff. however, i am an avid traveler -- i would like to go to australia, southeast asia, and in theory, from new york, you need about two weeks to do that trip because it take so long to get there. so if it takes an hour, maybe that is enticing, even if i am terrified the entire time. guy: do you think you will get to ireland? kailey: i d

this is bloomberg. ♪ this is bloomberg. ♪ >> this is "bloomberg daybreak: asia."ld delay a ban on certain chinese companies set to take effect on may 27 by two weeks, so officials can clarify trump era policies banning investments in companies owned or controlled by the military. three of beijing's biggest telecoms are included. senate majority leader chuck schumer says the u.s. senate will include $52 billion to bolster domestic semiconductor manufacturing. it is to enhance u.s. competitiveness with china. a measure to authorize the funding was included in a 2021 defense bill. chuck schumer call the measure of very big deal. russia's representative to the iaea has denied reports they expect an imminent breakthrough to restore the iranian nuclear deal. he said on twitter that while significant progress has been made, unresolved issues remain. earlier, there were reports they were getting closer on the matter. the u.s. congress has passed legislation aimed at combating hate crimes against asian americans and pacific islanders. the vote will be sent to joe biden, wh

this is bloomberg. ♪ annmarie: "bloomberg markets this is -- this is "bloomberg markets."- the principal room. this is bloomberg. good morning. the oecd boosted its forecast for global growth this morning to five point 8% from 5.6%, but warning that the post-pandemic rebound will fuel inequality in a k-shaped recovery. bloomberg's matt miller spoke with the oecd secretary-general bout the pace of that recovery. take a listen. >> we feel it is pretty solid, pretty robust, but it depends crucially on whether we can keep up the rhythm of vaccination. it is vaccination, vaccination, vaccination. that is going to define how robust the recovery is. the other question is is it going to be vaccination only for the wealthiest countries, or are we going to generalize it? we need a very important effort to be able to get vaccines into the arms of people in the living and emerging economies. without that, we won't be able to say that we have overcome the crisis. matt: the wealthiest countries are going to be looking at 60%, 70% coverage in the next weeks and months. they are well on t

this is bloomberg. ♪ mark: i am mark crumpton with bloomberg word news.rity leader mitch mcconnell opposes the democrats plan to have a commission investigating the january 6 riot, casting doubt about whether congress can agree on the insurrection. after saying he was undecided to establish a commission, mcconnell said today that it was imbalanced. they are set to vote today. boris johnson is enforcing the uk's stance on travel. speaking in the house of commons, the prime minister said people will need to follow the guidelines when making travel plans. >> you should not be leaving except for an extreme circumstance such as serious illness of a family member. you should not going out of the country on holiday. if you do go to an amber list country, we will enforce the 10 day quarantine period, and if you break the rules, you face substantial fines. mark: health officials say at least 70% of u.k. adult have received one dose of a covid vaccine and 40% are fully vaccinated. texas governor greg abbott has signed a new strict abortion measure into law. it bans

this is bloomberg. ♪ this is bloomberg. ♪ matt: this is "bloomberg markets," i am matt miller.sement park operator cedar fire reported earnings today after have for -- having no operating days in the first quarter due to the pandemic. clearly it was difficult. joining us to discuss the optimism ahead in reopening is the cedar fair president and ceo, richard zimmerman. thank you for joining us. i grew up sailing boats out of cedar point, so writing the gemini, the corkscrew was always the highlight of my summer. then, when we could get down to kings island in cincinnati, that was an absolute dream. are these parks going to reopen and get back to full capacity anytime soon? richard: first, great took be with you -- great to be with you. as we set on our call, we are looking to reopening all of our places in the month of may. all of our associates, it's great to have guests to come through. in 2020, we missed the pandemic where we had 10 properties open in some form or fashion. we and stayed -- we stayed engaged with our customers. questions about growing up really pointed to one

this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open."uropean trading session and as expected, we see weakness across the european equity market space. stocks in europe down by 1.4%, no sectors in positive territory. there is a focus on tech, also a focus on some individual stocks and what that is doing. travel and leisure very much under pressure today but a lot of that has to do with evolution gimmick, although there is also -- gaming, although there is a broader selloff and some of those names as well. dani: diving into the tech sector, it was the second worst performing sector today. it is a lot of the chips, semi conductors not doing well. ams, no individual corporate story here, but rather, the wider tech selloff, the wider highly valued selloff hitting shares today. you also mentioned that travel and leisure, another sector, really the worst performing sector today. iag does have its on idiosyncratic story to add into that broader tension. they are offering an 800 million euro offering of convertible bonds. with more supply, you ha

this is bloomberg. haslinda: still ahead, japan's economic recovery stalls, new restrictions to contain the coronavirus. we discussed the major data and outlook with fujitsu. yvonne: up next, as covid infections surge in taiwan, we speak to the official at the forefront of the islands response last year and sars back in 2003. this is bloomberg. ♪ yvonne: taiwan was a global success story during the pandemic, but now it faces hundreds of untraceable infections. take a look at this chart. more than 300 cases yesterday, record numbers. let's bring in our guest, the former vice president who also served as the health minister during the sars crisis, he was tasked with managing and performing the response. a pleasure to have you on the program. we mentioned about taiwan being one of those success stories to balla covid up until now. tell us what you think went wrong here. guest: i think this time with a highly infectious virus and variant. at the very beginning the virus spread from other countries to taiwan

this is bloomberg. ♪ anna: welcome back to "bloomberg markets: european open."arkets making gains. some of that is a legacy story from yesterday as the german market and swiss market play catch up. we have some m&a from germany we are factoring in. the ftse 100 a little flatter, struggling a little bit. if we move onto the breakdown, some of the negativity this morning from the insurance sector, the media sector and telecoms. european equity markets are in positive territory, and sectors are positive. to the upside we see real estate at the top, up 1.4%. the acquiring company down by 5.5%. that weakness not enough tower way the movement to the upside. -- not enough to outweigh the movement to the upside. a strong session yesterday on wall street. laura: eu leaders are vowing sanctions on belarus and a flight blockade on the country after the forced landing of orion air jet and the arrest of a dissident journalist. they are looking at belarusian officials to be added to a blacklist, and looking at broader measures to target businesses and entire sectors of the be

this is bloomberg. ♪ erg. ♪ vonnie: you are watching "daybreak: australia." time vonnie quinn the coronavirus pandemic in india shows no sign of slowing. the country has reported its highest ever daily tally. more than 412,000 new cases. a record one-day death toll of nearly 4000. the indian government has agreed to buy more medical oxygen in the capital and denies it has been slow in disturbing lifesaving supplies donated from abroad. chancellor angela merkel weighed in against the u.s. proposal to waive protections for covid-19 vaccines. in any email, a spokesperson said the u.s. plan would create severe complications for the production of shots. the industry has argued without the incentive of profits from r&d spending, drugmakers may be slower to make vaccines in the future. final decision lies with the 164 member wto. the president of the european commission is dependent -- defending the covid vaccine campaign. ursula von der leyen took a swipe at the u.s. and u.k., saying while both cases keep pro

this is bloomberg. ♪s is bloomberg. ♪ anna: welcome back to the european market open.in london. european equity markets futures have been pushing to the upside just through the night, through the asian session. european equity market futures point to the upside just a little. and the euro stoxx 50. let's talk about the -- the lenders testify in front of the house. it's get to dani burger who has an update on what we heard. >> it was interesting to see jamie dimon we probably the most outspoken of all of the ceos. one part that got a lot of attention was his talk over biden's tax plan. he was extremely critical. earlier in the month, he said he wanted an itemized list from biden on what this would be spent on. this time around, it does not seem the spending is the issue but the tax itself. his comments were that this would make things less competitive for american companies and would push capital overseas. had a lot -- he had a couple of other items that got attention. he talked about the labor markets saying americans have more money and are not eager to return to work

bloomberg resilience. writing out the virus. >> taiwan is being squeezed by a rise in cases and a year-long drought. the head of taiwan's strategy at ubs health tells us what it means for markets. yvonne: we are trading sideways. marginally higher in some markets. we are seeing a bit of a pause today. we are looking at several key markets in southeast asia, which are close. volumes will be a bit light. here's how we are looking for the region. set for some key milestones in australia. set for an eighth straight month of gains for australia. the longest monthly streak since 2007. we are continuing to watch the breakout of these chinese stocks in the mainland. and the mysterious move we saw. we did get the line from the shanghai futures is change -- exchange. csi 300 still above 8300. the mainland hit a record yesterday. i think that has been boosted by the stronger renminbi. the currency the best performer in the region this quarter. the dollar weakness is fueling the trade. six-year low for the bloomberg d

this is bloomberg. ♪ is bloomberg. ♪ vonnie: this is "daybreak: asia." i am. -- vonnie quinn. the group issued a list of grievances including over taiwan and beijing's treatment of uighurs. the chinese foreign ministry urged western nations to stop interfering in other country's national effect -- national affairs. beijing halted an economic dialogue with camera and blasted new zealand over accusations of human rights abuses. the u.s. is boosting security assistance to ukraine to help counter what it calls russia's aggressive and destabilizing actions. secretary of state's's antony blinken met with ukraine president and called on moscow to end attempts to force troops to ukraine's border. blinken says the tripped served as a u.s. commitment to its partnership with ukraine. the pentagon says the fall of the u.s.-backed government is in place in afghanistan and it is now inevitable when american stroop -- american troops withdraw. while a resurgence to the taliban is not a foregone conclusion, the u.s. is

this is bloomberg. shery: still ahead, alibaba posts its first quarterly loss in nine years after paying a record find to beijing. we will assess if the regulators are firmly in the rearview mirror. plus, a big interview with airbnb after bookings beat estimates in the last quarter. ceo brian chesky joins later. this is bloomberg. ♪ haidi: shares of alibaba slumped more than 6% in new york after posing -- after posting its first loss in nine years. our chief north asia correspondent is looking at all the results. what jumped out at you in this release? >> the revenue projections and the revenue numbers came in better than expected. that was good, but it was not enough to assuage concern i investors who did sell the shares off in new york. this is the first net loss since 2012. they had the $2.8 billion fine from the anti-monopoly regulators. a lot of speculation ahead of these numbers. this is the narrative that executives wanted to portray. ok, we are going to take this charge in the first quarter and

we speak to the cfo right here on bloomberg. erg. manus: it is bloomberg "daybreak: europe" with me, manus cranny, in dubai. the numbers are in for siemens. strong sales of the coronavirus testing equipment drove the company's quarterly revenue up by nearly 4 billion euros. the medical tech firm is also issuing guidance for the full year. joining me is siemens' cfo. a very good day to you. you have raised the guidance. i see the diagnostics have done very well. you are raising your guidance by 14% to 17% in terms of comparable sales. that is up from 8% to 12%. is it a conservative guidance uplift, or can we expect a serious real rating again as the year progresses? good morning. guest: good morning. thank you very much for the question. the raise of the guidance on the top line is 5% to 6% respectively. about 6% of this raise is due to antigen testing. we had initially a guidance that assumed 360 million euros of antigen tests. now we expect 750 million euros worth of revenue from antigen testing. we are also very satisfied with our

this is bloomberg. ♪ matt: this is "bloomberg markets."'m matt miller. the number of new covid cases last week hit an eight month low as more americans are vaccinated. in the ok, the prime minister announced more restrictions will be relaxed next week. we have with us the executive director of the international vaccine access center at the johns hopkins bloomberg school of public health. the easy work has been done in the u.s. and the remaining parts will be vaccinating those who are hesitant, but should the u.s. focus on getting the vaccine out to countries like india, to africa and south america in order to stop concerns about mutants spreading? >> yes, that is exactly right. thank you for having me. our work is not done here in the united states. we still need to do better in increasing our vaccine coverage. if we look at the total u.s. population, it is only just over a third that have been fully vaccinated, so there is still more work getting increased access to those who cannot get the vaccine and addressing the skepticism and mistru

this is bloomberg. ♪ ritika: let's check in on the bloomberg first word news.onial pipeline says it will know by late today whether it is safe to restart gasoline and diesel flows. they have been on hold -- they have been on hold since hackers targeted the pipeline last week. u.s. energy secretary says -- energy secretary jennifer granholm says even if they can restart today, it will take days. since 2014, fears clashes between the arrays it -- the israeli military and the gaza strip have left 48 people dead in gaza and six in israel. donald trump's grip on the republican party has tightened. they have ousted house republicans -- house republicans ousted liz cheney from her leadership position today. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: thank you very much, indeed. let's get back to that inflation story. said vice chair rich clarida playing down the jump in u.s. -- said vice chair rich clarida playing down the jump i

this is bloomberg. ♪ ritika: this is "bloomberg markets."e in the principal room. coming up, anjali sud, vimeo ceo. ♪ let's check in on the bloomberg first word news. i'm ritika gupta. the first face-to-face meeting between president biden and russian president vladimir putin is expected to take place on june 16 in geneva, switzerland. white house press secretary jen psaki says the leaders will discuss "full range of pressing issues as we seek to restore pretty debility and stability to the u.s./russia relationship." secretary of state antony blinken kicked off a middle east diplomat admission today with a pledge to help reconstruction efforts in gaza. speaking in jerusalem alongside benjamin netanyahu, blinken said he would specify an aid package to telecine ends. he vowed the u.s. would ensure to palestinians -- to palestinians. he vowed to the u.s. would ensure that hamas do not benefit from the aid. there was a shakeup in the bloomberg covid resilience ranking. singapore fell with other asian economies. the u.s. and europe have been clim

this is bloomberg. ♪ ♪ kailey: this is bloomberg markets.within that index but the market as a whole is trying to get its head around the inflation we've seen over the last two days. the ppi rose more than expected in april. joining is now is senior economist. we know inflation was going to be higher in the spring months. the question is how long does it last? >> probably peeking right now. that is behind us, but what is happening is is happening beyond -- is happening beyond. if you look at the ppi report, you will see both goods and services prices contributed to the increase almost equally. on the good side, you see that bush pressures building. when raw materials -- you see push pressures building. on the services side, you see the reopening of the economy is pulling prices higher because there's so much more demand for services like traveling, vacation, transits and things like that. kailey: we are going to leave it there. thank you so much for that. bloomberg economics. speaking of services, we are in the reopening of the economy. wait

this is bloomberg. ♪ ritika: this is "bloomberg markets."me live in the pits of a room -- ritika gupta, live in the principal room. this is bloomberg. ♪ guy: live from london, i'm guy johnson. alix steel is over in new york. this is "bloomberg markets." let's talk about this court battle that is going to be front and center for everybody. in california, apple squaring off in court today against epic games. the maker of "fortnite" trying to show that the apple app store is a monopoly. billions of revenue at stake here. bloomberg's senior litigation analyst joining us now. jennifer, can you walk me through what is at stake here? what is your take on what is going on, and how finely balanced is this? jennifer: epic games is really looking for the apple ios on its mobile devices to open up to alternative app distributions. all you have right now is the app store, and if you want an nap, to download on a mobile apple device, you have to go through the apple app store, and then the app developers have to go through that app store and pay apple 30%

this is bloomberg. ♪ vonnie: this is bloomberg. european union looking to enforce further sanctions on belarus after the forced landing of a ryanair jet with an opposition journalist on board. the bloc will close its airspace to belarus, something that u.k. did on tuesday. they will target whole sectors of the economy while calling for the immediate release of the detained journalist. president biden welcomes the response. the first meeting between president biden and vladimir putin is excited to take place june 16 in switzerland. the white house says the leaders will discuss a full range of pressing issues as the u.s. seeks to restore stability to the u.s.-russian relationship. the kremlin says the two will discuss topics including the pandemic. u.s. secretary of state antony blinken kicked off the middle east diplomatic mission with reconstruction efforts in gaza, while reaffirming support for israel's right to defend itself. blinken revealed the u.s. will provide $75 million in new palestinian aid this year as well as immediate

this is bloomberg. ♪ this is bloomberg. ♪ wanna help kids get their homework done?ternet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. announcer: this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco. this is "bloomberg technology." president biden chose cleveland to deliver a speech on the economy and his $1.9

will come to speak to us here at bloomberg in a few minutes. this is bloomberg.elcome back to the european market open. the ftse was closed yesterday. expected to be higher today. where else a bit more muted at the startor the day's -- start of the day's trade session. in european union planning to rope its borders. the new system could be in place by june in time for the summer season. the e.u. is working on ramping up its own vaccination program which could help drive demand. trivago, we're seeing countrys with higher vaccination rates like israel and the united states. we're joined by the c.e.o. of trivago. plans to allow freer travel without quarantine for those vaccinated or from low risk countries. how exciting is this for a business like trivago? >> over all we're very excited to see a return over the travel market overall of course. as you said, israel and the rust leading the way there. europe is on a good track. the one thing that has allowed -- not allowed travel is the uncertainty about transportation, can you get back without any quarantine restricti

this is bloomberg. ♪ >> welcome to "bloomberg daybreak: asia". >> asia's major markets have open.e mainland, the holidays, in tech shares weighing on yours markets. >> the boston fed president spoke recently, saying more time is needed to assess the recovery. and, showing promise against vera lent covid -- covid variants, but there are new strains out of india. let's take a look at stocks this morning. sophie: stops to the upside, higher on the nikkei 225. we are watching asian vaccine makers, with the quickening rollout, and japan considering an extension of the emergency. moderna may get approval in japan. nintendo results do today. reaction to one mining company. boj meeting minutes, agreeing. you have bonds higher. south korea, one player reporting a solid quarter, but downside moves for the kospi in a week was shortselling resumed. one research institute predicting the benchmark could cross 4000, if korea is upgraded to the msci world index. back above 1125 to the dollar. switching out to check the open in australia, that on the back of results. a downgraded morgan stanley an

this is bloomberg. vonnie: this is daybreak asia. --"bloomberg daybreak: asia." belarus and a passenger jet and arrest of a journalist on board. banning use of airspace. sanctions targeting look a single could be imposed. -- lukashenko. russia backing de la rue is calling its explanation reasonable. -- chinese president xi jinping told rouhani in a phone call he supports reasonable demands from tehran on nuclear issues. u.s. secretary of state anthony blinken set a deal is a priority. separately around agreed to extend an agreement by one month following continued surveillance of is installation -- of its installations. secretary of state anthony blinken to the middle east this week to firm up the cease-fire between israel and hamas -- and palestinians. set to meet leaders in israel, cairo, and a month. -- amman. china is pushing back against a wall street journal report about researchers who fell second wuhan lab. the paper says the trio worked out though wuhan institute of virology in 2019. china's fo

this is bloomberg. haidi: still had, metals rally rolls on as copper and iron ore hover near records. that has dan hynes raising his price target. shery: plus colonial finally restarts their pipeline after the hack, but the supply chain will not fully reopen for days. this is bloomberg. ♪ s is bloomberg. ♪ shery: the biggest gasoline pipeline in america's returning to service after recovering from a cyber terror -- haidi: let's get more from houston. is everything back to normal now? >> no no no. several days. there will be interruptions of service even as they bring it back. some folks will get their fuel fairly soon but is not an on/off switch. it will be a process taking a while. shery: gasoline stations have been running dry. jeffrey: that's correct. two thirds of stations in atlanta are dry without fuel of any kind. two thirds in north carolina. similar numbers and other parts of georgia and virginia. d.c. and maryland also picking up more averages today. shery: we were trying to figure out if they

this is bloomberg. let's check in on the bloomberg first word news. face-to-face meeting between president biden and vladimir putin is expected to take place on june 16 in geneva, switzerland. white house press secretary jen psaki says the leaders will discuss the full range of pressing issues as they seek to restore predictability and stability to the u.s.-russia relationship. backed by the u.s., the eu leaders are moving to impose new sanctions on belarus over the forced landing of a ryanair holdings jet in the arrest of a dissident colonel asked. the you called on the belarus -- the eu called on the belarus president to release the journalist and investigate the incident. resident biden called the incident a direct affront to international law. antony blinken began a middle east diplomat effort with a pledge to help reconstruction efforts in gaza. he spoke in jerusalem alongside benjamin netanyahu. antony blinken says he will -- he said the u.s. will ensure hamas will not benefit from the rebuilding effort. global news 24 hours a day, on air and on

this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open."s to go until the start of trading for europe. european equity market futures point to the downside. what should we be watching for this week? i know we have some auctions coming up, which given the conversation, we spent a lot of time on 10 year yields in the last half of the program, you have to wonder about this price. mark: i think 10 year yields are going to go a lot higher, the curve is going to steepen a lot. i wrote a piece that we are going to see much higher long and yields. the reaction out of asian investors, based on a small sample base, is the idea that they're looking to kind of buy this dip in treasuries. they are looking appealingly at those higher yields as a chance to jump in. this is particularly important for an auction. at a chance for big investors to take down a big chunk of liquidity without disrupting the market. if they are excited by the yield, they certainly bid very aggressively. at the 30 year option, based on where yields are now, it will be the highest

this is bloomberg. ♪ annmarie: this is "bloomberg markets."up tomorrow, amrita sen as the opec-plus meeting to explict - opec-plus meeting takes place virtually. this is bloomberg. live from new york, annmarie hordern. the u.s. is reporting its lowest level of infections since the early days of the pandemic as it continues to wrought inoculations. more on what needs to be done next. dr. lucy mcbride joins me now. i want to get to your opinion piece in a moment. i want to start with that recorded lowest level of infections. i'm usually based in london. i am here in new york. what a difference i have seen from this time last year. what is the biggest challenge next for the united states? dr. mcbride: we are in a completely different place than we were a year ago. we are in a different place than we were a week ago as more shots going to arms. the available vaccines are nothing short of a triumph of modern medicine and are crushing coronavirus. that said, we still have more work. the pandemic is not over. we still have vulnerable populations were

this is bloomberg. ♪ ♪ ritika: let's check in on the bloomberg first word news.dent biden preparing for his first face-to-face meeting with republican leaders mitch mcconnell and kevin mccarthy. this meeting comes as republicans are ramping up opposition to the president's $4 trillion economic plan. there's not much expectation for a breakthrough at the meeting. last week, mcconnell said he's 100% focused on blocking biden's agenda. california governor gavin newsom plans $100 billion economic recovery package, and the centerpiece will be a proposal to give $11.9 billion of direct cash payments to californians. two out of three residents would receive the checks of at least $600. families and kids would get an additional $500. the stick collected more than expected in texas from its rail theist -- from its wealthiest -- its wealthiest is that it's. the easing of restrictions in the u.k. will go ahead as planned. last week, the government said limited international travel will also resume. global news 24 hours a day, on air and on bloomberg quicktake, powered by mo

this is bloomberg. ♪ matt: this is "bloomberg markets," i'm matt miller.ompanies are seeing 3d printing as a technology that is more than a prototyping tool. it could be the answer to a lot of the big bottlenecks facing businesses today. joining us to talk about it is ric fulop, chairman, ceo, and cofounder of the 3d printing company, desktop metal. earnings out of the way first, looks like the market was not prepared for your operating loss forecast for this year. the shares sold off at more than 10%. why, why do you think traders, investors were taken by surprise? ric: we beat revenue margins closely and it has recovered since then. it was probably a misunderstanding of folks with the new treatment on warrants that were a legacy from going public. i think it's a non-cash event that gets reversed to the quarter and i think that's, you know, pretty much a non-cash event. matt: it does look like you are right. we can see it on the screen, this is a two day shot, not quite as helpful, the stock, up 1%. it looks like investors have reassessed the situation an

bloomberg's kriti gupta.the jokes surrounding dogecoin and tesla, elon musk tweeting the company did not sell their bitcoin stock. leading many to question how serious he is about crypto. the ceo spoke earlier with bloomberg about crypto volatility. take a listen. >> bitcoin will be between 40 and 55,000 for the next chapter before a kind of builds up enough new momentum to take out the 55,000 and in the year much higher. >> how concerned are you about the short term volatility from elon musk? >> elon musk is an important figure in american business. certainly in the global retail world he is a bit of an icon. he was great for crypto when he was positive for bitcoin. he had caused some issues. i think if you teach -- take elon at face value, what he said was he worried that bitcoin gets more and more electricity, it could have a negative impact on -- that is true for every industry. so i think you will see a response from this industry like you should see a response from every industry to say, in this gap of

this is bloomberg. shery: coming up, we have an interview with the ceo of electric carmaker, after it announced a capital spending point. this is bloomberg. ♪ shery: fisk are falling after hours as it kept its forecast study. that paired some of the gains -- gains from the regular session. it is planning a new factory in the u.s. as part of its joint project with foxconn. ed ludlow is in san francisco with us with a special guest. ed? ed: i'm delighted to be joined by the ceo, henrik fisker, fresh off the earnings call. the biggest take away from that call was you gave a specific date to the start of production are november 17, 2022. how can you possibly know when your start of production date is coming down to the day, 18 months in advance? henrik: because that is how you plan with the -- when you work like a company like this where all the processes have been developed over tens of years. it produces bmw's, other cars like toyota. they have clear processes. we have it down to the day when start of pro

this was the interruption and will be a top story through the morning on bloomberg tv and bloomberg radio. at&t confirming a deal with was covering -- with discovery to merge media assets. at&t would get $43 billion in the deal, 17 1% of the new company going to at&t holders. discovery holders would own 29%. the stock price up by 3.5% on at&t. discovery surging by 17% in early trading. from new york city this morning, good morning. more still to come. alongside lisa abramowicz, i'm jonathan ferro. this is bloomberg surveillance. ♪ ritika: with the first word news, i'm ritika gupta. israel has stepped up attacks on high-ranking movement within the gaza strip. israel says it attacked terrorist infrastructure. meanwhile, hamas continues to fire rockets at areas of israel. others have called for an end to the violence. prime minister benjamin netanyahu says action will continue as long as necessary. the european union has reached a truce with the u.s. over metal tariffs. the result, iconic products such as harley davidson cycles won't have tariffs doubled month. the dispute began in 2018, whe

this is bloomberg. ♪ kailey: this is bloomberg markets. am kailey leinz. liberty global and digital colony are launching a joint venture to sell services from data centers and europe -- in europe to increase connectivity in periphery at areas outside major cities. ceo of colony capital marc ganzi joins us now. tell me why. >> we get the opportunity to get -- to help our partner and customer liberty extend the network. extending the network is crucial coming out of covid. when you think about how our lives have been permanently shifted, keep in mind, workloads have shifted for computers. traditionally, a lot of that was focused on core network build out. what we learn from covid is that to keep the world and our lives moving, we had to shift those closer to our home to enable applications, enable connectivity, medial -- meetings like this. this means there's more pressure on the networks outside of zones where we have traditionally built -- where we have historically built network infrastructure. liberty is a forward thinking organization.

much more on bloomberg tv and bloomberg radio. equity futures 41. on radio, on tv, this is "bloomberg surveillance." ritika: with the first word news, i'm ritika gupta. another sign normalcy is returning to new york city. mayor de blasio says all public school students will return to their school buildings in september and a remote option will not be available. he says reopening the largest bull system in the u.s. for more than one million students will be crucial to the economic recovery of new york, which has been battered by the pandemic. european leaders will discuss possible sanctions after belarus ordered a ryanair flight entering its airspace to land and and right -- and arrested a journalist on board. the move was an unprecedented violation of european air travel protocol and drew sharp condemnation from the u.s. and the eu. bloomberg has learned eu leaders will weigh measures such as travel restrictions and possible flight bands. members of george floyd's families and others who lost loved ones to police encounters gathered in minneapolis f

this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open."until the start of cash equities trading in europe. 30 minutes to go until the start of the equity session. you have been thinking about central bank balance sheets. we heard from the fed this week, minutes at their last meeting. in terms of the central bank balance sheets story, it is one we have been watching closely. you see some signs of divergence between what's going on with asian central banks and those in other parts of the world. what's the story? mark: that's right. a little bit uninspired by the short-term price action today. i like taking a step back and looking at those longer-term drivers. the big driver since the great financial crisis 13 years ago is central-bank action, central banks pumping liquidity into the system. what we are seeing since the pandemic last year is a real kind of shift in terms of the ecb and fed have just been extraordinarily more aggressive than what we are seeing from the boj and pboc. they are so much bigger than any central bank in the world in

this is bloomberg. ♪ ♪ emily: welcome back to bloomberg technology.ng in san francisco. let's get a quick recap on the markets with ed ludlow in san francisco. you have zeroed in on bitcoin, and of course, a fresh tweet from elon musk. ed: he is saying, i strongly believe in crypto but it cannot drive a massive increase in fossil fuel use. come with me into my bloomberg terminal, it has been a roller coaster ride for the cryptocurrency over the last 24 hours. it all started in that yellow circle, when elon musk tweeted that tesla will suspend use of bitcoin as a means of payment for its vehicles. remember, in the last quarter, it disclosed that not only is a company had it invested in bitcoin, but it would accept bitcoin as payment for its cars. bitcoin falls down to $46,000. we pared some of those losses back. and then, in the last hour, he seems to be walking back his support, saying yes, i do believe in cryptocurrencies. we have this fantastic bar chart that puts this in context, if you flip the boards. there is as much energy being used to mine bi

this is bloomberg.: i think germany has just had a one million vaccination day again, the third time that it happened. france looking to stall access to the european single markets for u.k. financial firms. sources telling bloomberg that because of the ongoing dispute over fishing rights, making headlines last week, we are seeing this policy put in place. let's get more now. bloomberg's correspondent joining us from france. what do we know about the policy here? reporter: basically, france is really determined to make sure the brexit agreement is enforced when it comes to fishing in the northern ireland protocol. it is really a political issue in france, where we are facing regional elections next month, a presidential election next year, and while fishing doesn't represent a big share of gdp, less than 0.1%, it is symbolic in a country that values its food. also, a country that wants to show that the eu is there to protect not only big companies, but also smaller economic actors such as fishermen. this

i'm mark crumpton, this is bloomberg. ♪ matt: this is bloomberg markets.'m matt miller amanda lang. we have just gotten a fiscal year 2022 budget proposal and from the biden administration. let's bring in journalist, columnist, and the author of the book "the upside of down," megan mcardle joins us at bloomberg for the moment. great to have you on the program. let's get your initial reaction to biden's spending plan. certainly, he is asking for more than he wants to receive, but a couple of interesting issues worked in there. the taxes and how it relates to debt and deficit. megan: it's pretty stunning. it looks like the debt would not fall below $1 trillion for years. in the past year, we took our national debt from 80% of gdp to over 100% of gdp. you know, i supported the measures that did that. we paid people to stay home because we did not want them to be spreading a pandemic virus, but we are now at a point where it is time for the economy to start recovering, and the biden administration's argument is, this is world war ii and we have to go in and sp

this is bloomberg. ♪ amanda: welcome to bloomberg: markets.welcome our audiences each day at this hour. here are the top stories we are following around the world. leadership shakeup at morgan stanley. the bank announces the biggest leadership change in more than a decade as ceo james gorman eyes his successor. plus, u.s. jobless claims fall to a pandemic low. we will discuss the health of the labor market and while that and why hiring formerly incarcerated jobseekers is better for the bottom line. and we preview what we expect to learn from the white house summit on the semi conductor shortage which has roiled supply chains around the world. amanda: the semi's are not roiled today. they are one of the groups leading us higher today on the s&p 500. we are watching a general risk on spirit out there. energy is the laggard and you are certainly seeing some big moves and big names. the leaders of the market are in play but names like nvidia are seeing that at last check. in toronto, we are watching the market heading towards what looks like a fre