cynthia koons wrote a great piece for bloomberg businessweek on the terminal.he big take on the terminal every day, it fits into how the u.s. is not actually ready for some of these additional variants. we keep talking about the delta, this is now covid. the delta is it. cynthia: a variance like delta is so infectious it basically dominates. it becomes its -- darwinian. it is so strong and tough it becomes the most dominant variant. the cdc said yesterday, 83% of all new cases now. it has basically squeezed out -- which was doing this prior. alpha was very infectious, delta is more. the risk is that more infections come down the pike. we really don't know. caroline: the beginning of the edging up is worrying. we are seeing a play out in the u.k. i've just come back from there in the delta variant hit their first and furiously. it has now taken over. the amount of infection is spiking significantly. hospitalizations are not nearly as bad. how much of a fear factor is this? cynthia: it is hard to say. it takes a while to understand these things. it takes a while

you can check out that piece in bloomberg businessweek. it is an excellent read. check it out.e will bring you live for special coverage of jeff bezos and his flight to space next tuesday starting 8:30 east coast time. i will be there on the ground. cannot wait. apple is pushing into the by now pay later business. we will talk to a firm ceo about potential competition up next. let's take a look at how apple ended the week, down almost 1.5%. there been surpassed by the chinese company which is become the world's second-largest smartphone maker. they increase their shipments by 83%. samsung had followed them and then apple at 14%. this is bloomberg. ♪ emily: the indian digital payment pioneer is seeking approval for a $2.2 billion ipo. it could be the country's largest. the hope to capitalize on the rising popularity of internet-based consumer companies. earlier this week, we reported on apple working on a new service that allows for any apple pay purchase he paid for overtime paired this would rival the buy now pay later offering such as a firm and paypal. they will use goldman

thank you for your analysis, peter coy of bloomberg businessweek.et's talk about what is going on in oil, reversing gains after jumping to its highest and more than six years yesterday following news of the standoff between saudi arabia and the uae, and the fact that it will not be resolved anytime soon. will kennedy is joining us to give us his take. good afternoon. have we learned anything new about this dispute? can you explain to me what is happening with the price action? will: i think the price went up this morning because people are worried they are going to be deprived of oil in august. they were expecting more oil when the deal was negotiated last week, and obviously that is not coming down, so i think that was bullish for markets. we got a bit of a reversion today on the commodities complex. one other interesting aspect to the markets is the spread between short-term oil and oil really exploded because people are worried they are not going to get the oil they expected from opec because of this dispute in the next few months. i think people

the businessweek -- the busiest week for earnings finally coming to an end.bigail doolittle is looking at what we've learned. it is really going to be about amazon. abigail: the shares plunging, down 6%, the worst day since may 2020. at the lows, down about 8%, the worst day since 2014. the clear takeaway between amazon down and pinterest really plunging is the idea that the pandemic boom is coming to an end as folks get out there shopping, weighing on these online companies. amazon posting a rare sales miss , but more importantly, the guidance disappointing, growth slowing. pinterest beat in a big way, but monthly active users missed on slowing growth and concern that growth going forward is going to slow. the street very negative on pinterest results in particular, so big kleins -- big declines. caterpillar down 2.9%. they beat estimates, but rising costs, a theme we are hearing about so much more recently, weighing on margins. earlier, we had both exxon mobil and chevron sharply higher. both companies beat. exxon mobil putting up record quarterly profits.

we did do an interesting story with bloomberg businessweek.d the graphics that went with it. thank you for bringing us the insight. tim was just mentioning a standard life aberdeen, which is interesting because we will be sticking with one of the companies that could see positive triggers, according to bloomberg intelligence. they are rebranding as -- i am told to say this is aberdeen. but when you see it written down, it is abrdn. we are speaking to the ceo. no capital letters. they are very millennium. this is bloomberg. ♪ look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. ♪ anna: welcome back