andy browne is bloomberg's new economy editorial director. n check it out daily, focused on what is driving the global economy and what it means for policymakers, businesses and investors. this is bloomberg. ♪ and there you have it- woah. wireless on the most reliable network nationwide. wow. -big deal! ...we get unlimited for just 30 bucks. sweet, i get that too and mine has 5g included. that's cool, but ours save us serious clam-aroonies. relax people, my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one upping itself. mark: i am mark crumpton with first word news. president biden is keeping his plan to remove all troops from afghanistan by august 31. but he ordered his national security team to come up with contingency plans if he decides a delay is necessary. he says completing the u.s. mission by the deadline depends on the taliban continuing to cooperate by allowing access to the airport for those the u.s. is evacuating. the house panel investigating the january 6

this is bloomberg. ♪ ♪ >> this is daybreak: asia. a newroval of the prime minister has fallen to the lowest level of the pandemic. the news poll has talked about his handling of the crisis at 40%, down from 85% in april of last year. with the national election due by may, the opposition labour party maintains a six point lead over morrison's conservative coalition. wildfires raging in greece, spurring further evacuations of the second largest island. blazes almost a week ago due to the heatwave have cut across the popular summer destination, destroying homes and businesses. thousands of residents and tourists have been forced to flee, some escaping on flotilla's into the night. soccer superstar leah no messy is said to have found -- lionel messi is said to have found a new home. he will undergo a medical exam for signing. talks collapsed between him and barcelona. he was emotional at a news conference, saying he had been expecting to remain with his old team but that this is a possibility. global news, 24 hours a day on air and on bloomber

from new york, this is bloomberg. ♪ jonathan: from new york, i'm jonathan ferro. is is bloomberg "real yield." it is time for the auction block. she wants across all sectors only reaching 7 billion euros. a different story in the u.s. a steady high supply boosting sales. and an active week in high yield markets as well. making it the busiest week of sales since mid april. back with us, frances donald, michael kushma, mark cabana. primary market, still wide open. financial conditions for goldman, their index that many people follow has been record looseness. a question i have heard asked and million times, what can we buy for $120 billion cannot get for $80 billion? ab even nothing. how much of a difference to those qe purchases make? frances: effectively a lot of research saying it is not having a material change on the economy. particularly not the real economy. how do you pull back without significantly tightening liquidity and pulling the floor out of one of the killers of the market? i think this is going to be a challenge, but as i said earlier, there is going

caroline: jodi schneider, bloomberg political news director. miss the program tomorrow focused on u.s. cpi data and inflation, of course. announcer: from the heart of where innovation, money, and power collide in silicon valley and beyond, this "bloomberg technology" with emily chang. ♪

bloomberg markets." i'm matt miller. breaking newswells fargo and a bloomberg scoop that wells fargo risked regulatory action over the pace of restitution, compensating victims for scandals that occurred, or started five years ago to see the light. it has now cost bank $5 billion in that time, but it may cost more. joining me is the bloomberg reporter who broke the story, hannah levitz. what initially got regulators to start probing the banks? hannah: wells fargo's issues erupted in 2016, almost exactly five years ago, with the revelation that employees of the bank opened millions of bank accounts to meet sales goals. from there issues pops up and that led to regulatory action. there was a separate one on mortgage and auto. there has been a lot of this going on which has led to billions in fines and the resignations of two ceos and they had to bring someone from the outside. matt: so the bank signed consent orders with regulators years ago and were looking for more time to get things done. the regulators dissatisfied? hannah: that is

over the past several months >> bloomberg news congressional reporter billy house is reporting a threeome of new york democratic congress members jointly state that cuomo should resign. it is time for governor andrew cuomo to do the right thing for the people of new york state and resign. earlier, senator gillibrand told reporters the same thing. we will show you the new york attorney general's briefing on this matter later in our program schedule. >> president biden is expected to make remarks this afternoon on the progress of vaccination efforts and the federal response to the covid-19 pandemic. from the east room of the white house, he is expected to get underway at 3:45 eastern. we will have his comments available online at c-span.org. you can listen and live with the free c-span radio app. >> sunday, c-span's series, january 6, views from the house, continues. three more members of congress share stories of what they saw, heard and experienced that day. including texas republican ronny jackson who recounts what happened in the early moments on the house floor. >> i don't know how

olivia rockman has been covering the pandemic for bloomberg news. what are you thinking about low rates, affordability, then of course inventory and supply? olivia: it does seem like from the standpoint of existing homes, that the supply improvement in july is what helped improve sales more generally. there were 1.3 million homes for sale, up almost 8% from the prior month. that seems to have allowed people to kind of get into the market. romaine: what were the regional differences if at all that we saw? olivia: we saw increases in every u.s. region with the exception of the northeast, where sales were unchanged. one challenge for the markets especially in the midwest, the supply of lower-priced homes is falling. the midwest, which is the primary market there, is a little challenging. caroline: it feels that the upper end of the market is doing really well. not enough starter homes available. what about in general the pace at which homes are flying off the colloquial shelves. they seem to be on the market for hardly any time at all. olivia: real tou

bloomberg news has learned the european union will not reimpose restrictions on non-essential travel from the united states. this despite new covered cases exceeding threshold. new infections have risen to about 270 per 100,000. the limit is 75. the eu got its is a record edition that ultimately -- the number of airline seats being offered in china have dropped the most since the beginning of the pandemic. rising cases of the delta variant have spurred fresh travel restrictions. aviation data shows capacity plunged 32% in one week, hastening a decline that started in july. the outbreak has impacted over half of china's provinces. global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: concerns growing about a pullback in u.s. stimulus. rafael bostic says the central bank should consider beginning tapering after another month or two of job scans. bill dudley says he sees less chance of a taper tantrum this time. >> i think the risk of a tantrum this time is less beca

you can get more analysis from bloomberg news makers, in-depth analysis broadcasting live from our studio kong on bloomberg radio. you can listen live on bloomberg radio or on bloomberg.com. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. apple leisure group will be barred from its privity equity owners. a deal could be announced later on monday. the transaction is the latest sign of optimism that vacation travel is returning despite the pandemic. there are claims of a data breach that is said to involve personal data from more than 100 million people. this company says it is investigative an online forum post selling the data, including social security numbers and driver's license information. the seller obtained the data from t-mobile service, and is selling a portion for bitcoin. police are investigating an alibaba employee's sexual assault allegation against their boss but say they found no evidence of rape. forcible indecency is a term that can and couple sexual assault. the manager and the client have been held for questioning, in the case is still

bloomberg markets." you are looking at a live shot of the principal room. coming up, the governor of alaska, at 5:00 p.m. in newis bloomberg. ♪ let's check in on the bloomberg first word news. i'm laura wright. bruce springsteen will be just one of the headliners for a new york city marking its emergence from the pandemic in new york city. other performers include paul simon, patti smith, ll cool j, and the new york phil harmonic. -- new york phil harmonic -- new york philharmonic. tropical storm henri is set to slam into the u.s. northeast as a hurricane on sunday. it is still not exactly clear when henri will make landfall. it will bring heavy rain and storm surge. 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 laura wright. this is bloomberg. alix: thanks so much. guy, i am going to throw it to you, to make fun of me trying to get to montauk and back this weekend. guy: thanks for the opportunity. i will take that with both hands. alix has decided that this weekend, she once to go to montauk. my understanding is

this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. alix steel in new york. s "bloomberg markets." the s&p having its best performance to this point of the year in decades. wall street really divided on where equities go from here, where treasuries go from here over the next four months into year end. a huge dispersion. abigail doolittle is looking at that gap. abigail: it felt like for some time now, pretty much everybody on the street was bullish, looking for that melt up higher. but now ella tip to treasuries and stocks, there is a pretty wide divide between year-end targets. if we start off with the 10 year yield, there are two strategist on the street who see 1% 1.2% -- 1% to 1.2%. steve major making this call for months now, saying it will go to 1% before we see 2%. other analysts and strategists calling between 1.8% to 2% by the end of the year. the question is whether or not that happens, is it a healthy reflation or inflation. we don't know. if it is reflation, it will probably be good for the s&p 500 or get that will support the analysts and strategi

the ceo said any memo seen by bloomberg news that the company must reflect and rebuild.ba says it's been cooperating with investigators in an internal post -- wildfires rushing in greece. the blazes began almost a week ago. destroying homes and businesses. thousands of residents and tourists have been forced to flee. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> thanks so much. coming up, saudi aramco, with profits, the highest since 2018. this is bloomberg. ♪ ♪ >> welcome back to the open. we had 37 minutes from the equities saudi -- saudi aramco, you can see the future is depressed today. the world's biggest energy company made a net income of $25.5 billion in the second quarter. the highest level since the end of 2018. for more, paul joins us. we are going to -- what are the key points from investors? >> that rise in income was the big thing. it was the highest net income the company has generated since the end of 2018. they were expected to have

the parent of bloomberg news, provides financial news and information.ake that clear as we have that conversation. multiple earnings conversations to come. we will speak to the ceo of the largest container liner, going in a bit of a buying spree this quarter. we speak to a ceo about the economic reopening. it is at 8:00 a.m. london time. if you have russians, please do so with a message. this is bloomberg. ♪ anna: welcome back to the year -- the u.s. is expected to have added jobs in the month of july buoyed by economic reopening. joining us is jeremy thompson. nice to speak to you on this jobs day. what is the significance of this number? we are looking at 858,000. i suppose any sense of slowdown would be a worry? >> any slowdown would be a worry. people are looking for signs of acceleration as well. exactly where they think the number is going to be. having the dubious honor of trying to forecast this honor. 14 of the 78. looking for something over one million. are we accelerating from here? have we seen growth as far as jobs? people are talking about

let's get the bloomberg first word news now with laura wright in london. laura: the u.s.r those immunocompromised. the fda says other fully vaccinated individuals do not need a third dose. u.s. supreme court judge has rejected a challenge to indiana university's requirement that all students be vaccinated against covid for the coming september -- semester. this is a first time the highest court has acted on a vaccine mandate. the pentagon says it is sending 3000 troops to afghanistan to help evacuate diplomats pair the u.k. is deploying 600 soldiers to assist edition nationals from leaving the country. taliban fighters have reportedly captured kandahar. they were driven out during the u.s. invasion of 2001. police and plymouth in southwest england have confirmed six individuals have died. no motive has yet been reported. murders committed with firearms average around 30 per year in the u.k. which has some of the strictest gun control laws. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 cou

stephen: this is reuters reporting, a story bloomberg news reported on a week ago. sec has begun issuing a new disclosure requirement to chinese companies seeking to list on the new york exchanges. obviously, these companies are in the crosshairs not only from chinese regulators, but the sec. some companies seeking to go public have received detailed instructions. far we are hearing -- farmor we are hearing -- far more we are hearing. almost all the tech companies from china have used vie structures to allow chinese companies to skirt beijing's strict requirements on foreign ownership. also beijing is scrutinizing companies for data security issues, but now the sec wants to see the cash flow these companies have through these vie structures. it is more scrutiny. the chair of the sec just a few weeks ago we heard has put a pause, has asked his staff to put a pause on green lighting any chinese ipo's that use a vie structure. haidi: stephen engel with us. net income $139 million. interim dividends, 3.3 cents for that interim dividend per share declared. we are focusing

bloomberg. ritika: with the first word news, i'm ritika gupta.sident biden is delivering on donald trump's pledge to bring u.s. troops home from afghanistan. he is also getting criticism at the taliban roles. the insurgents have been capturing capitals and imposing their fundament list ways. it is predicted insurgents could capture couple in 19 days. janet yellen is considering a chip to china -- a trip to china. it comes as the biden administration considers a broad review of policy towards china. the governor of texas has escalated the fight over his band of local phase basque rules -- is band -- his ban of local face mask rules. resistance to his campaign is spreading. school districts in dallas, san antonio and austin rolled out new masking roles. in poland the government is undermining relations with the u.s. after the ruling party forceful a controversial media law. the purpose is to protect broadcasters from takeovers but it targets the american owner of poland's largest television network. global news 24 hours a day, on air and on quickta

bloomberg. guy: from london, i am guy johnson. alix steel in new york. ropean close on bloomberg markets. the news we have had from kabul, the taliban telling afghans they are not allowed to go to the airport. we are still expecting a news conference. ursula von der leyen will be speaking shortly following the g7 meeting very much focused on the crisis in afghanistan. joining us is davood moradian of the afghan institute for strategic studies. how significant is this latest abutment that afghans are no longer allowed to go to the airport? davood: it is extremely important for a already very traumatic people waiting day and night outside the gate of kabul airport to seek safety out of the taliban's. thousands of people are there. very sorry from them -- very sorry for them. alix: and the g7 we learned boris johnson set recognition and money are leverage on the taliban. is that true? how can it be used effectively? davood: the fact that a group has been designated by the united nations as a terrorist group has toppled a democratically elected government and

this is bloomberg. ♪ guy: in london, i'm guy johnson. alix steel is in new york. s the european close on "bloomberg markets." paypal launching a cryptocurrency service in the u.k. this week. a little bit of catch-up maybe. eddie van der walt joining us now. we can talk about the ability of people to access it. it becomes an easier hurdle to get over in terms of buying and selling know. what is going on in the market right now that i find fascinating, you got this move from $30,000 to $50,000, which is been -- to 30,000 died -- to $50,000 which has been quite a straight line. from here which disease trajectory look like? eddie: a lot depends on u.s. regulators. people are excited about the possibility of a u.s. etf. the excitement is back in the bitcoin market. if we see prices continue to rally, that just draws in more investors. but as you say, access is a key factor for an asset like bitcoin because in the old days, we had to send our money to a foreign bank account in order to buy bitcoin. today, paypal soon in the u.k., and if we could get an etf in the u.s., i

around the clock, bloomberg news agency and stock market channel broadcast, the glad tidings of the free market. our role in financial markets is as a provider of transparency. we provide a huge amount of data. huge amount of numbers, a markets on economies, on companies providing a chronicle of capitalism telling the story of money, vital, importing to believe that the central dangerous is one of the most important numbers we look phone advised for school on the, on the state of an economy steady, solid growth in financial markets, usually reflected in solid state of growth and in economics, in demand and job market. reason is that people, philadelphia, if you look at the textbooks, there should be no limit to growth. but if you look in the newspapers at the moment, you get to see it and there is a is a, a brain on growth. the central question now is whether when a cyclical slums or the something structural is going on, they get dropped in 2008 my release as much systems, empires based upon people's remaining to have confidence in the information they giving out and the promotion of the

around the clock, bloomberg news agency and stock market channel broadcast. the glad tidings of the free market are rolling financial markets is a provider of transparency. we provide a huge amount of data, huge amount of numbers on markets, on economies, all companies provided a chronicle of capitalism telling the story of money vitally important to believe that in central to what day theresa is one of the us department numbers. we look for advice post or on the, on the state of an economy. steady, solid growth in financial markets, usually reflected in solid state of growth in economics, in demand, in job markets. the reason is that people feel, well, if you look at the textbooks, there should be no limit to growth. but if you look in the newspapers at the moment, you get to see it, there is a, is a, a brain con growth. the central question now is whether, when a cyclical slung, or the something structural is going on. so they get dropped to about that my releases, mission systems and pies based upon people's remaining to have confidence in the information

new sanctions. joining us now with the details is our bloomberg finance reporter, hannah levitt.came in and 2019 to clean up, i'd be pretty frustrated, because i feel like i am doing everything i can, what more can i do, perhaps? >> really interesting question. you have the scandal, you know, which really came into the open almost exactly five years ago. and it started with fake accounts and multiplied across business lines. it led to the departure of a ton of executives, including two ceos. that led them to bring in the current ceo, charlie sharp, almost two years ago. he had always outstanding orders from regulators to welcome him as a result of the problems. the orders outline a series of things the firm has to do. so a pair of them was imposed in 2018. sharpening the company, the shore of compliance risk management. there were a couple other things as well. reporting today is that they've not made enough progress, which prompted them to one the company they may bring new sections. >> what could these new measures and fresh sanctions look like? >> there's a range of potential

bloomberg news reported that they had -- ships had resumed operation there. global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. rishaad: we have the new sec chairman taking a not so gentle stance on bitcoin. does his avon see -- agency have any real bite? >> we are counting down to the open in mumbai. all of that looking on as well. this all on the agency cost channel. more on that later, this is bloomberg. ♪ >> with investor feedback the sec is saying this is a more sure economy. transparency is becoming important now. the gross is not going to cover all sins. it is not as explosive anymore. i actually think it is a very good move. i don't know if china is going to comply. that means within a three year timeframe, companies here would have to do list. that is a risk and we are thinking about that as well. >> kathy would on the new requirements for chinese listed -- u.s. listed chinese stocks. >> tell us about these chinese companies. they are

this is news bloomberg reported earlier -- that bloomberg has confirmed from news reported earlier fromow jones. the deal is expected to close in the fourth quarter of 2021. more to come on daybreak australia. this is bloomberg. ♪ haidi: woodside petroleum is believed to be in talks to buy hp petroleum division. paul allen joins us with more. expectations are growing they are looking to sell off those assets, so what are we looking at? paul: this is a report that spoke to people familiar with the matter. shares will be offered for that business and those shares will be passed to shareholders. the talks are ongoing, but there is nothing agreed and we haven't had official comment from either side at this stage. it's not a huge surprise. there have been rumors something like this would happen. they have been pressuring bhp for some time. bhp will have something to say when they release results to borrow and we might hear a little more than. shery: bhp's petroleum division is still profitable. why look to sell now? paul: it does make money. it has assets in australia, trinidad, to blago, --

let's get a uber first word news update -- bloomberg first word news update with laura. and over, as well as immuno percent suppressed will be offered a job -- immunosuppressed will be offered a job. officials say four -- four people dabbed -- jabbed has led the country to begin a program of booster shots. wildfires along turkey's mediterranean post are forcing evacuations with firefighters worked to contain more than 100 outbreaks. cities including his temple have barred visitors from entering -- istanbul have barred visitors from entering nearby forests due to the fires, which have claimed at least eight lives. u.k. firms are expecting to boost hiring and wages after remaining virus restrictions were removed in july, according to the business barometer, confidence dipped but remains near its highest level in three years. transport and hospitality were markedly more confident this month, a positive sign for sectors among the hardest hit by the pandemic. global news, 24 hours a day on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in

joining us for more on what is ahead, our bloomberg news financial reporter.hen, we don't have to read between the lines so much anymore. gary gensler getting more explicit. what do you think this signals in terms of real regulation coming for the industry? >> we had a long conversation about his thoughts. he spent three years or so teaching classes at m.i.t. about cryptocurrency, blockchain technology. he has thought a lot about this space. this technology. we heard from him specifically was while he has an affinity towards the technology anything for a lot of intent -- a lot of potential there, he is focused on investor protection when it comes to cryptocurrency. and, he thinks there are a lot of gaps. one thing he pointed to specifically was the crypto exchanges. also, a decentralized platform for cryptocurrencies trade. he says maybe even congress needs to step in here. giving potential some -- getting potentially more authority. right now, at least seven different initiatives. how crypto assets are dealt with in terms of custody. a bitcoin etf at some poi

bloomberg. kathleen: vonnie, thanks. a surge in newprompt the eu to impose travel curbs on the u.s., and let's get more from our bloomberg senior medical reporter, michelle cortez. so, michelle, the pfizer shot recommended by the cdc panel, the idea that it is really good if people want to take it, what do people in the industry say about this? it seems like a great hope, but isn't really going to make a difference? michelle: i think the people who really want to get the vaccine, certainly in the u.s. and in a lot of places around the world, have already gotten the vaccine. what the cdc decision will do, and of course, we are still waiting for a sign off on that, is to normalize the vaccine, so it is going to be more like what we have seen with childhood immunizations, where everyone just gets them. it is the certain thing that every time you go to your doctor's office, it is recommended, and companies, schools, other places require you to get it, and that is the rub. that is the point. the backing by the cdc and, of course, the full a

this is bloomberg. ♪ avon: let's start with that -- yvonne: let's start with that alibaba news.uickly fully intend to comply with all the regulations. >> we are also learning that tiktok owner bytedance may be eyeing a revival of its ipo plans. >> local media in china, 21st century business news as well as bloomberg news saying that bytedance has denied that report, saying it is inaccurate. >> you have tencent being sued over their youth mode. >> investors for the past decade were basically pulling the wool over their own eyes. >> i think things will be much clearer under the new rules in one year or two years. >> the chinese authorities are in their long margin. >> rejecting the economy will be deep and sustained over the next five years. >> this will be the most significant of all the regulatory resets, as we call it, that china has done. we think it can reshape the landscape for china equities quite profoundly. david: that is a look back not at the last year, the last week. quite eventful, right? yvonne: our next guest is an expert on china's economy and specializes on chines

bloomberg has a scoop that the new head of the federal trade commission thinks more mergers should beed rather than relying on other remedies to fix the deals. joining us with the details is bloomberg's bruce einhorn. what does this say about the biden administration's approach to m&a? bruce: this involves a letter from the head of the ftc to massachusetts senator elizabeth warren. and that, khan said she is skeptical of the process of imposing -- on how companies operate. she said these so-called behavioral fixes are difficult to monitor, they often fail to prevent the merged companies from engaging in anticompetitive contact. she said asset divestitures is another common way for companies to win approval for mergers, that those could also be problematic. tom: how does this fit into other recent moves from the ftc in terms of the framework, in terms of what they are looking to build out in response to some of these concerns? >> lina khan has only been in their job since june. that's one president biden and named her as chairman of the ftc. since then, she has already taken steps to b

this is bloomberg. >> still ahead, more on vice president harris' trip to southeast asia. up next, chinese abr's climb for a second day. the issue news for chinese listings. this is bloomberg. ♪ >> the sec has reportedly begun issuing new disclosure requirements for chinese companies that want to go public in new york receiving details from the agency. what is the sec now asking these companies to disclose? >> so now, the sec is asking for a lot more detail of various entities. the vehicles chinese companies use, to get around china's strict rules on foreign ownership. they are asking basically to quantify the cash flows and how this may affect investors. to try to make sure that u.s. investors are fully aware that this is not [indiscernible] but enough or vehicle. the sec is asking for more disclosures on the political risk. this comes after the fallout of the didi's ipo. when china announced the security investigation just a few days before the ipo. risk and china is pretty high given all the new policy reviews out there. >> how does this impact chinese companies looking to go public in the u.s.? >> it means that it is still not e

this is bloomberg. ♪ >> taking a look at the day ahead for australia and new zealand.erts say about the lockdown in sydney needs to be ramped up to further prevent spread of covid. other state does have rental criticism of the south wales for mere. the minister says this is to increase transparency and regulatory oversight of pension funds. >> we are watching covid cases around the world with mexico seeing covid case infection rising by a daily record of seven straight days. they added 24,900. this coming at a time as mexico continues to struggle with their economic growth starting to slow down. the cost of living continues to rise. central bank's policymakers facing a conundrum here. it is not only x ago, we are also talking about wellington. interest rates rising. kathleen hays has more on that. let's start with these developing nations. it is a tricky situation they are in. >> you pointed out so well that you have these covid cases rising. five point it percent year-over-year on mexico's inflation rate right now. that is a big jump. 3% is the middle of the target. i

this is bloomberg. >> it is 1:00 in new york, 7:00 in berlin and 1:00 a.m. in hong , kong. i'm matt miller. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. after yesterday's record-breaking sale of 10 year notes. the bar is high. we will also speak to the ceo of vici properties as they make a $17 billion bet on the las vegas strip. edward pitoniak discusses the deal for mgm growth properties. later this hour, volvo electric battery trucks are hitting the streets in new york. we will discuss the move with volvo north america president peter voorhoeve. we are at yet another record high in terms of equities. the broader s&p index at 4451. it should be noted, the dow is actually down a little bit. in broad measure of stocks is rising as the dow jones industrial average falls. not very much movement on either direction. the 10-year yield at 1.37. it did fall yesterday after the auction. awaiting results from the 30-year auction right now. the bloomberg dollar index. crude oil unchanged in new york. i think the cr

from new york, this is bloomberg. ♪ . ♪ ritika with first word news, i am deaf.ate democrats -- ritika: with the first word news, i am ritika gupta. partyline vote was 50-49, and it marked a debate among democrats and moderates and progressives over the details. the first woman to be new york governor will have to clean up after her predecessor. today governor kathy hochul will be sworn in and about two weeks. she will face a pandemic on the budgetary crisis, and an economic recovery. governor andrew cuomo says he is stepping down because sexual harassment allegations against him or prevent him from governing. millions dollars in crypto currency. the network lets users swap tokens across multiple blockchain's. tens of thousands of people are affected by the hack. and his south korea, the number of new coronavirus cases went over 2000 in one day for the first time. it was at more than 42% from monday. a spike in the delta variant and the low vaccination rate are blamed. global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 jour

haidi: dan flatley, al bloomberg news congressional reporter with the latest in afghanistan.he latest report numbers. 145,000 tons, being declared just under $.10 each. eight cents per share. first-half net income, 200 $68.6 million for that copper focused south australian minor which has seen disruptions from china and the impact of the slowdown in china on copper places. we will be here eating from the ceo hit -- curing from the ceo himself on bloomberg markets. -- we will be curing from the ceo himself on bloomberg markets. >> the u.s. government may be poised to offer a booster shots as early as september. the administration is finalizing a plan that will recommend the shot eight months after receiving a second dose. so far, booster shots are authorized for those with weakened immune systems only. it would be subject to authorization by the fda. the u.s. is extending mass requirements for travelers on trains, trains, and buses, and it will require people to wear them at air terminals, train stations, through january 18 next year. this as the delta variant continues to fue

coming up, the former new york fed president and bloomberg columnist, ahead of your payrolls report. equity futures unchanged. yields up three basis points. from new york city this morning. good morning. this is bloomberg. ♪ >> the senate set to approve the infrastructure package, the largest infusion of cash in decades for roads and bridges and mastic -- and domestic projects. they will hold the bill until they vote on the largest package. today's jobs report is likely to show the u.s. added just about 850 8000 jobs last month. the rollout of the vaccine has encouraged businesses to reopen. more than 30 u.s. trade groups have called on the biden administration to renew negotiations with china and remove tariffs. they say they are hurting the american economy. those groups include the u.s. chamber of commerce. the fastest pace in 24 years, increasing competition and jobs opening with the loosing of pandemic restrictions. struggling to fill gaps in workforces. china reportedly will pay a billion dollars for abusing market position. they will be required to revamp operations. it is the

rachel chang from bloomberg news. i was one of the ones to be taken by the pingdemic.ing monday, it is a completely different picture from a few weeks ago. manus: the whole concept of the third dose is going to be a very specific and small group at the moment. the question is whether that is rolled out. i have been speaking to a number of people who are from israel. they are struggling to decide whether to go back because of the risk of another law down. that is one of the most vaccinated countries in the world. travel is never far from our mind. it is a whole agenda, isn't it? dani: that is becoming a big theme of the covid recovery. we will be speaking with the ceo of jetblue airways because they will be making their first foray into transatlantic service so they will have flights from new york to london despite the travel corridor not having fully opened. let's get to the first word news with annabelle droulers. hello, annabelle. annabelle: china has released a five-year blueprint calling for greater regulation of the economy, providing a sweeping framework for a br

this is bloomberg. ♪ >> it is 1:00 in new york, 7:00 p.m. in berlin, and 1:00 a.m. in hong kong. lcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. threatens the economic recovery and investors assess the timeline for monetary type. we discuss the impact of the infrastructure package. sawtek while the joins us to discuss. and we will speak to the president of princess cruises to discuss the outlook for the industry as covid ways on the travel set there. jan swartz joins us later this hour. quick check on the markets and stocks are off session lows, still a weaker day for the equity markets, specifically cyclicals. small caps down 1% at this point. we are coming off the first weekly increase in yield in the bond market since june. we are seeing them increased just a touch today, up three basis points on the 10 year treasury yield. we are getting a stronger dollar for a second day and that may be a part of what is weighing on oil. oil coming off of its worst week since october. those losses continue today. still down 2.7

bloomberg news is learned the european union will not reimpose research and's on non-essential travel from the united states. this, despite new covid cases exceeding the bloc's threshold. new infections have risen to about 270 per 100,000 in america. you limit is 75. eu guidance says ultimately the decision rests with each member state. prominent lawyer roberta kaplan has resigned from the times of charity after she advised andrew cuomo on how to respond to sexual harassment claims. she chaired a nonprofit founded by hollywood woman to fight sexual harassment. it comes a day after the governor's top aide also stepped down. by the way, cuomo denies any misconduct. 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 vonnie quinn. this is bloomberg. shery: the fed's 2021 tape recorders is growing. the atlanta fed president's is the central bank should move to taper after another strong month or two of employment gains, and proceed with the process faster than in the past. he argues that bond purc

ed ludlow, bloomberg news, san francisco.t on nvidia and its deal to buy arm. robinhood slumped in after hours trading after they warm seasonal headwinds will result in lower third-quarter revenue. joining us now is our cross as reporter in hong kong. what do these latest results tell us about retail investors now? >> the latest earnings show that robinhood put itself on the map with so-called meme stock trading, but the focus has started to shift to cryptocurrencies. the results bear that out, where we see that significant proportion of the revenue is derived from crypto trading. we noticed that both 60% of their users made some crypto trades in the quarter, and also that with their crypto revenue, more than 60% of that was dogeco in, the popular crypto token that was actually started as a joke. the volatile nature of the crypto industry is part of why they are warning about the uncertainty of their forward-looking results. they have kind of put themselves focused on things that are fairly volatile, and that suggests that it

we have seen bloomberg news report a fine is in the works.libaba was two and change billion dollars. not much bigger than that, total ipo proceeds was just over four. a fine is probably coming. there are rumors of a forced delisting from the u.s. something about coming back to hong kong in the near term could make sense. also giving up data to a local partner has been rumored as well. the company that was rumored is up 10% on the mainland today and the stock has almost doubled year to date. david: would also you guys doing? >> playing basketball. david: if only we could just do that. yvonne: what is on your radar? david: and where do you begin? >> we look at the bytedance ipo potential. right now, does not make a lot of sense. we're are looking at nettie's. we had a report on the valuation. a lot of the reason they are delaying is the closest comp, the valuation has collapsed several months. it has gone from 10 time sales to three times. a lot of that is the uncertainty around these types of stocks. in general for the sector, it is tough to b

let's check in on the bloomberg first word news.idents -- more florida residents announced hospitalizations of covid-19 than any other time during the pandemic. more than 12,000. about 40% of adult intensive care units in the state are being occupied by coronavirus patients. many are struggling to get enough oxygen following governor ron desantis decision not to declare another state of emergency. a panel of new york state lawmakers is considering whether to initiate impeachment proceedings against governor andrew cuomo said the investigations almost done and the judiciary committee gave the attorney until august 13 to provide any additional evidence. the state attorney general office which conducted a separate investigation released a report this week finding andrew cuomo had sexually harassed 11 women. he denies any wrongdoing. in china, tencent has resumed signing up users for its we chat messaging service. it suspended sign-ups while it was undergoing a technical upgrade. there been concerns it may turn its regulatory attention

bloomberg. ♪ ritika: this is "the european close." coming up, fed president loretta mester at 1:00 in new york, 6:00 in london. this is bloomberg.heck, bloomberg first word news. i am ritika gupta. large crowds gathered around the kabul airport despite warnings of more terrorist attacks a day after 13 american servicemembers and at least 75 afghan citizens died in explosions there. the wind over civilian evacuations has all but closed for thousands of afghans. -- the window for civilian evacuations has all but closed for afghans. martin progressive democrats on a collision course over how to pay for president biden's economic agenda. the president has proposed tax hikes on wealthy households to pay for in new spending. progressives are seeking more but moderates want fewer tax hikes and are hesitating on the spending. that is where the fight will come in starting next month. tropical storm ida is forecast to grow into a powerful hurricane. it is hitting oil and gas production in the gulf of mexico. oil companies are evacuating. ida is forecast to strike cuba, regain strength tomorrow, and make landfall over louisiana and mississ

a quote from our bloomberg news team in washington, this is the day the clock starts ticking.said it is likely beginning of the 200 meter dash when the gun fires and everybody has to start running. there could be a default, or a default as early as october. you know what is going to happen. they are going to come up with something at the last minute, and the markets will move around for a while, but they will get something done. but again, it is on the table. shery: kathleen hays with the latest when it comes to the debt ceiling. much more. still with us is kim forrest. let me explain this chart one more time, because i don't think i got it right the last time. this is the u.s. debt ceiling again becoming operative sunday. in 2019, that debt limit was at $22 trillion. it will now adjust to the current level of debt which is $28.5 trillion. as kathleen was saying, it happens all the time. we're not really anticipating a federal government default, but how big of an irritant could it be for markets? kim: if we look in the past 15 years this has been a bar under everybody's settl

global news, 24 hours a day, on air and on bloomberg quicktake.ed by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪ i am su keenan, this is bloomberg. >> the delta variant of the coronavirus has forced australia and new zealand to -- scott morris announced it is highly unlikely that australia will ever return to zero cases. mary, it is always great to have the. where do we go from here? this is not the situation we want to get to. what does living with covid potentially look like? >> i think living with the risk of covid is what we need to be thinking about or reducing the risk. our vaccine rollout is not really high up. when we are looking at a global vaccine achievement, we are looking at it as an age group. we have not had the rollout. we had a compassionate rollout where the front-line workers were vaccinated first. we now have the third wave, very strong third wave. this third wave is how will be the worst wave. the elderly are more protected. of course 85% of over 60 have had at least one dose. if you hav

shery: good evening from bloomberg's in new york. u.s. stocks climbed to a record but tech weakness exposes lingering concerns about the virus and a hawkish fed. haidi: president biden wins bipartisan senate support for his infrastructure bill, which could face a bumpy ride in the house. shery: commonwealth bank unveil a share buyback worth almost 5 billion u.s. dollars as cash profit beats estimates. this is the picture across wall street. u.s. futures muted. this as the dow and s&p 500 saw and other record high. wti at the moment gaining 4/10 of 1% extending those gains after seeing its best day in three weeks. we had the 10 year yield higher. topping that 1.34%. leading to some jitters in the technology sector. the nasdaq composite losing ground. the philadelphia semi conductor index down for a fourth consecutive session. cpi numbers coming out of the u.s. tomorrow. we could see and other high acceleration like we saw in june near the 13 year high. take a look at metals and material stock. it was all about the infrastructure drivers. t

this is bloomberg. ♪ >> it is 1:00 p.m. in new york, 7:00 p.m. in berlin. lcome to bloomberg markets. here are the top stories we are following for you from around the world. biden rejects g-7 demands for more time in afghanistan. the president six to the august 31 deadline to evacuate the country -- six to the august 31 deadline to evaluate the country. -- evacuate the country. we will bring in the latest from washington for would we will all -- we will also bring you the latest for markets. the s&p, the highest on the street. we are also awaiting results from a two-year option today of treasury notes. we will bring you those lines as soon as a cross. and the u.s. announced a new supply chain initiative with singapore. we will discuss shortages and trouble facing supply chains. we are getting a look at what's going on in the two-year auction. -- option. i will bring in the headlines as they continue to cross. we know right now they were drawing 0.242%. that compares to 0.253% before the $60 billion option. always want to keep our eye on these option results