howard lutnick, cantor fitzgerald chairman and ceo.of which, we will have great coverage sunday at 9:00 a.m. we have a special coming up. richard branson's flight into space. we will be talking much more about that. ceo. talking of which, we will have great coverage sunday at 9:00 a.m. a slightly slower pace of life, maybe. rv travel boom taking off. we will talk more about that. the outdoorsy slower pace of ced for recreational vehicles. apparently it ain't slowing down, despite the fact that most people seem to be getting back on planes. are you in the rv think? taylor: trade in the jet for an rv. we will take a road trip. guy: that something a fantastic idea. i have a memory of my childhood in caravans in the u.k. and the rain beating on my head. that noise will never go away. maybe could i've got to be persuaded. that is coming up next. this is bloomberg. ♪ ritika: this is "bloomberg markets." i am richard good group to. -- ritika gupta. this is bloomberg. ♪ ritika gupta. ritika: let's check in on "first word" news. unemployment wa

satelogic will go via a spac merger with cantor fitzgerald.with spacex on a multi-launch contract setting the goal to launch 300 satellites by 2025 joining us now to discuss the deal and broader m & a, cantor fitzgerald ceo and chairman howard lutnick thanks for joining us on the show today. >> great to see you. >> at a time we're talking about so-called billionaire space races and bezos and others making their first trip, why are you starting to invest in space right now? >> space, it's the final frontier i mean, it's the place to go, and these satellites, satellogic does incredible imagery of the earth. they have 17 satellites in the sky right now and when they have 300 in the sky and we're raising enough money for them to launch all 300, they can take a sub meter picture of every square inch of the earth so think about all the gps people who want to talk about how the arctic and water level, trees, every square inch of europe they can take a picture of it and have a great image of it and be able to catalog everything the data is going to be

that is the cantor fitzgerald ceo speaking to bloomberg. trade stumbling on growing anxiety about the spread of virus variance and peak growth. joining us now is mark cranfield. this immense exit from reflation trades. there is this big debate going on whether it is technical, what is driving. what is the view from where you are standing on what is driving this punishment in the reflation trade? >> the tipping point was china. when we heard the state council in china was saying they probably need to do a reserve ratio account later in the year to support small and medium-sized companies, the underlying conclusion from that is that china is weaker growth ahead. that is a bit of a shock to some people. china was the first country to come out of the pandemic. its economy got back on its feet very fast. china does not see strong growth, that is a tipping point that many people same -- many people say it is not just small parts of the world, it is the big players who don't see growth so strong in the second half. . dani: it is not just a growth

anna: the cantor fitzgerald ceo giving a frank assessment of banker work culture.hink you can use that argument to suggest culture change is never needed or you should never assess stress levels amongst your workforce. at the same time, he does make a point you should go into these things with your eyes open. i want to be the only one who did a brief stint in banking to make a career change. that is what some people will decide to do. mark: absolutely. i think as you pointed out we see a culture change in terms of the manners and attitudes of how we deal with, but that does not mean we need people to have very cushy hours, get paid very well, not work hard, have no stress. the people going into banking are not being forced to do it. it is a competitive industry. it is very hard to get into it. you get in because you choose you want to go down the path. if you're just doing it for the money, that is a choice. there are people who love the job and they are willing to do the hours because they enjoy it. i have sympathy for howard. it is ironic to choose to go down thi

they are aiming to go public by cantor fitzgerald spac at a $1.1 billion valuation.of space which is in demand by intelligence and space agencies. they have no revenue and no profits yet but $38 million worth of signed contracts in their backlog. there is another company that is called planet labs. they use satellites to scan planet earth backed by google, mark benioff. they will go public with a $2.8 billion valuation. plan net lab is a more company that satell-egic. ashley: nasa is announcing actively searching, i always laugh, actively searching for tell again life on other planets. what is going on? lauren: so we can have more people just like us. nasa has been searching for life inhabitable planets for years now. like earth. part of this search is learning more about mars. they sent up the helicopter ingenuity, i think for the ninth trip to mars, to scope it out to see if can land there. this is how far we're going to explore other worlds. if you look at the space race, all the money we're pouring in we might be able to find something tremendous out. ashley: you