carrie lam said the outbreak had overwhelmed the government. this is bloomberg. ♪ >> we are ready to respond decisively to a russian attack on ukraine which is still a possibility. russian defense reported today that some military units are leaving their positions near ukraine. that would be good but we have not yet verified that stop jonathan: the president of the united states on the same page as the secretary general. good morning. your equity markets are slightly softer, down one/10 of 1%. we settled down on the bond market. later this morning, retail sales at 8:30 a.m. eastern. after that, the fed minutes. tom: it seems to be a quieter morning in ukraine but it's perhaps not true. in 2014, 370 miles south east of kyiv, the territory was taken by separatists, separate from ukraine, maybe they were separate from russia, and we answer the -- and we ended up in belarus with the minsk accords. there is a sequence to this which is beyond confusing. what it comes down to is this is a unique look russia-ukrainian-france, germany agreement. how doe

stephen: renard chan, executive council, cabinet of chief executive carrie lam.ving us your exclusive time here. heidi, back to you. haidi: great conversation there. stephen engle in hong kong. let's check the markets as we get into the asian trading day. to recap some of the gains we saw with the strong lead on wall street. we are continuing to watch the global bond rout. the nikkei, nice gains particularly when it comes to automakers. strong results out of the likes of nissan. they close the offer by half percent. in australia, a pullback on the energy sector with oil falling for a second day. despite that rebound when it comes to new york traded crude, we are saying -- new zealand trading flat at the moment. the asia-pacific region strengthened its integration during the pandemic with -- more than 31% the first three quarters. this is according to a new report out today. that recovery was -- was that recovery fragile and uneven because of the pandemic? joining me is jong woo kang. we appreciate your time with us. talk us through some of the findings. what was

why is that a better plan than what carrie lam announced yesterday?always have reservations about the complete lockdown because it costs everybody too much. the employers and the employees. you talked about wages, you talk about direct. who is to pay? will the government fork out more subsidy money? and also, i am a retailer myself. the reason why i have a change of heart is because i look at my retail numbers the last two weeks and it has dropped 70% from the weeks before. 70% drop. which means it does not need that much anymore. our plan actually is already about 30% lower than back in 2019 before covid. so we are operating at 20% of the pre-covid level. if this continues for a few more months, you will see a lot of bankruptcies, the local economy will be hurt so much beyond imagination. so i said it's time that we bite the bullet and just take a quick one. >> do you think nine months lockdown -- excuse me, nine weeks. nine days. nine days. i apologies. nine weeks, forget it. businesses will shut down. what can you accomplish in nine days that carri

carrie lam was out on sunday saying and thanking the central government for sending a mainland team to start construction of some additional 10,000 isolation units. including at the terminal. there are also hotels being opened up as well as public housing and sports grounds to be used for isolation units. this government is sticking to its zero covid policy despite the fact that the health care system has been overwhelmed. sophia chen, the health secretary here was quoted sunday morning saying essentially there is no room for a relaxing social distancing measures right now. this comes at a time as well, we heard on friday, at the leadership vote, the election committee was to meet in march to choose a new executive to confirm carrie lam for a second term or find a new leader. that has been delayed by more than a month because the top priority, as carrie lam said, and she is heating the instructions of president xi, tackling the covid virus must be priority number one with no distraction. shery: stephen engle with this in hong kong as well as paul allen joining us from sydney airport. d

�* executive �*executive carrie lam on chief executive carrie lam on the lot is for anyone who failedcomply. those are the headlines on bbc news. stay with us because it is time now for panorama. vaccines are helping to keep us safe from covid... this is perhaps the greatest achievement in modern medicine, it's really miraculous. ..but in poorer countries, too few people are getting the jab. what we're seeing is a huge divide between the vaccinated and protected rich and the unvaccinated and unprotected poor. so, are rich countries keeping too many vaccines for themselves? there's no question - that lives have been lost as a result of the inequitable distribution of vaccines. - hundreds of thousands, probably more. - are the drug companies putting profits before lives? this one small corporation has reaped a huge windfall, even as billions of people around the world still do not have access to a vaccine. and are some people simply cashing in? thanks to the excessive profits made from these vaccines, nine new vaccine billionaires now exist. the global fight against covid starts here in

we will be hearing about further curves later in the day and also carrie lam suggesting that china will come to hong kong as well. also, we have alibaba. nord stream 2 is likely to be canceled. there is that all-important inflation rate coming up thursday out of the u.s.. >> you are right. as of now, not really. we are keeping our eye on the cpi data out on thursday. also, the hang seng index they were slumping almost 2% overnight. this is about the bond market. nobody is spared. not the u.k., not germany and not in asia. we are keeping our eye on the boj. this will contain rising yields for jgb 10. they are at a level where it is considered the tolerance level for the boj today. take a look at where we are. >> fixed incomes are on the way. taking a look at oneweb. we have the tenure approaching. it is excellent 11. we have the central banks dropping to the lowest level in more than six years. >> six months and five years. it will be gradual. the market was taken back by the hawkish tone. >> the rate hike will not occur before that approach finishes. moreover, there are conditions that

did the government of carrie lam get caught off guard?rst omicron got into hong kong in late december, omicron was declared a variant of concern in late november. our people had been watching. and then we had the first case in late december. in early january, the chief executive already announced going straight to tough social distancing measures. of course, our government overlooked some details. for example, although we clamped down on opening hours of restaurants and beauty salons, cinemas and all of that, we overlooked the need to clamp down on temples, chinese temples, flower markets through chinese new year. tens of thousands of people in these markets, the -- while we were shutting down restaurants in the evening. i think looking back, our measures were not tough enough. we had not been able to reopen our boundary with mainland china even after 80 days of zero covid. because we were not sufficiently aligned with the mainland. not that we were too tough, but not sufficiently aligned. stephen: are you advocating tougher restrictions

jonathan: carrie lam has said we need to expand isolation facilities.s is going the wrong direction. elizabeth economy is joining us shortly. the nasdaq is up 7/10 of 1%. geopolitics is front and center. crude, again, on the back burner, down by 2.6%. good morning to you all as we close out the trading week. this is bloomberg. ♪ jonathan: a meeting announced between secretary blinken and sergei lavrov. for the nasdaq, the biggest one-day loss in about a week, down three quarters of 1%, up three quarters of 1%, rather. the nasdaq 100 was down hard yesterday. we will build on that. i can't do this twice. lisa: [laughter] jonathan: did you say maryland, tom? tom: you have a pronunciation class at 11:00 a.m. this morning. i'm american. jonathan: in the last week or so, north of 1.60 on twos. a real move lower on twos, when you think about where we have been in the past week or so. really interesting conversation point yvonne between president bullard, and president -- of conversation between president bullard and president mester. i can't keep up with a com

in the last hour, we heard from carrie lam -- preliminary positives.rie lam essentially said that there will not be, again, this is another top official saying there will not be a citywide lockdown of the whole city. she says district based lockdowns are effective. this as we have reports that the one large estate in hong kong between aberdeen, the wall through estate has been lockdown. four masked testing. the city will provide 3000 flats from housing estates for isolation. also seeking hotels and university dorms for isolation. there was another report that potentially they are thinking about the long -- large hong kong convention center. that is the big thing on the water that was the venue of the handover ceremonies back in 97. that to be turned into an isolation center because the crux of this, as there are mounting cases and even for more deaths that were reported, they are having what carrie lam says there hospital system and health care system being overwhelmed by this, because they are according to the south china morning post, 10,000 confirme

with leader carry lam, saying, the city is unable to live with a virus. i hope you realize, i hope we all realize that the time has come for hong kong to take some tough matches. and every measure that we now introduce has been undertaken in another jurisdiction, including some places and countries wish ah, ah, very proud of their human rights that they're ma chrissy and so on. they had doing all these sort of things because this is a part about life, public health prevail. so vaccination rates are now rising, especially among the elderly. many seniors were unvaccinated because until now, hong kong had been coping well. but there is growing frustration towards the government's approach to seeing with eyeball this is insane, but there is no way to reach 0 cases. debra one by the time we achieve that every one's wallets will be empty, a lot of people will be out of work and have no income. the restaurants can't do any business. the government is really crazy. we can see the all that a ground threes, we've been following up router, so i bought and lee the si

stephen engle speaking to one of carrie lam's top advisers.his is a big move by the government, and the question is, how are they justifying it? stephen: well, they look at the numbers, and the numbers are being reported by local media for wednesday, the number of new cases at 1161, reported by local media, not official yet. if you add that to the 600 plus cases over the last couple of days, and 700 on the weekend, that's 3086 cases over the last five days. they're quite worried that this fifth wave of the coronavirus outbreak is going to get out in front of them and they will not be able to catch up. so they're going to stick to dynamic zero covid policy. a spokesman spoke exclusively to us this morning. one of the big takeaways is that as they start reading the science more about omicron and how it shows up a lot quicker, he says the next objective could be reducing the quarantine period even further. this is just a snippet of the wide-ranging interview. he says he is optimistic, very optimistic that hong kong can open up within this next ye

that hong kong has to face those comments from she ging pain coming after hong kong chief executive carry lam recently said, quote, we have no plans for any widespread city locked down as you have seen in some of the other places that appears be reference to mainland china. clearly there are tensions about the best way forward between hong kong and china. yes. are. if you are look at why seat in pins said earlier, you know that his words is very strong. this like top down instructions to ask the hong kong official, so stop the epidemic. but if you ask the patriotic, are politicians now a hong kong, they will say that he didn't been just express his care for the people of hong kong . gave important instructions on supporting hong kong in the fight against the epidemic. but given the political situation now in hong kong, the government is stocked between more voices, urging them to live with the virus. and the 0 call the policy that central government forced them to abide by on with she's in pens top down words. the paradox is more obvious then before where we should note patriotic lawmakers he

carrie lam also announced that hong kong's leadership election, scheduled for march, will be postponed to may to allow her administration to focus on the health care crisis. >>> still to come, we'll look at why ukraine's president is pausing -- pushing for the west to announce what sanctions it would impose on russia before a possible invasion and not after. . it can't prevent triggers, like your next pereriod or stress. you can'n't prevent what's going on outside, that's why qulipta™ helps what's going on inside. qulipta™ is a pillll. gets r right to work to prevent migraine e attacks and keeps s them away over tim. qulipta™ blocks cgrp a protein believed to be a cause of migraine attacks. qulipta is a preventive treatment for episodic migraine. most common side effects are nausea, constipation, and tiredness. learn how abbvie can help you save on qulipta. >>> welcome back to all of you watching us here in the united states, canada, and all around the world. i'm kim brunhuber live at cnn center in atlanta. >> and i'm michael holmes in lviv, ukraine. appreciate your company. now, the b

one of the issues is carrie lam is said to be asking the largest property tycoons to open up hotel rooms to isolation boards -- wards. the largest hong kong property developer that operates the ritz-carlton, w hotel, would they be willing? we are hearing perhaps they would be. that would also dense the number of rooms that would potentially be available to incoming travelers. dwindling number of incoming travelers. we have a headline saying hong kong is going to ban all flights from singapore until march 1. i only saw the headline, i assume that is because singapore's widening issues. there is lots of pressure on the city, as the death toll mounts, 4085 new confirmed cases, but 7000 new preliminary cases. it's a tough situation. haidi: stephen engle and hong kong. let's get you to vonnie quinn. vonnie: covid cases in malaysia have reached a new daily record, nearly 28,000 wednesday, compared to the previous high of 25,000 in august. the country is grappling with the omicron variant as our neighbors such as thailand. malaysia has fully vaccinated nearly 18% of its population. singapore is

the chief executive carrie lam warned of penalties for anyone who failed to comply. she said it was necessary to tackle the worst outbreak of the coronavirus. now on bbc news, time for the travel show. this week on the show... ..the little island with a big problem... ..eating out with a conscience... today, worldwide, there are only 340 restaurants to be recognised with a green star. all of them have a really different approach to the topic. ..and sun, sea, sand and polystyrene on the beaches of hong kong. i've never seen so much styrofoam in my entire life. we start this week in the canary islands, and in particular on la palma, which saw 85 days of volcanic eruptions this winter — devastating for a little island that relies so heavily on tourism. 7,000 people were forced to leave their homes. 3,000 properties were destroyed by the lava flows. but now the dust has literally settled, we went to see what the future holds for this tiny corner of the atlantic, around 500km off the coast of africa. we're in the path, going right to the crater of the eruption. and before

the chief executive, carrie lam, warned of penalties for anyone who failed to comply.it's time for hardtalk. welcome to hardtalk. i'm stephen sackur. colombians will elect a new president this year. amid a crowded field, one candidate has reason to view the coming campaign with mixed emotions. my guest today, ingrid betancourt, was running for president 20 years ago when she was captured by farc guerrillas and held captive in thejungle for more than six years. colombia's guerrilla war is over, and now she's running again, promising a war on corruption. she says she'll finish what she started. is that possible? ingrid betancourt in bogota, welcome to hardtalk. thank you for having me, stephen. it's really, really a pleasure after so many years. yeah, it is, many years since we last spoke, and that, of course, was when you got out ofjungle captivity in 2008. but i want to begin by taking you back a full 20 years to your running for the presidency in 2002. that, of course, was the campaign during which you were taken and held captive by farc guerrillas. it seems extraordi

as the city back was a said, she encouraged with 19 infections. chief executive carry lam confirmed the vote sent for march. well, now take place in may. she also said that they're planning to roll out. mandatory testing. reclining reports from hong kong make shift triology tense set off outside this hong kong public hospital for the 3rd day. dozens of patients, many of them elderly wrapped in emergency blankets in the cold and windy weather as they wait for space to free up inside. hong kong hospital system is buckling under its worst wave, yet driven by the highly contagious army cron variant hotels and al freeing up rooms. and a fleet of taxis have been recruited to help coat with. the surge officials are also relaxing some isolation policies to allow some patients to be discharged sooner. yet there are no signs. the government is willing to abandon its dynamic 0 cove, its strategy, and beijing has made it clear hong kong should follow its no tolerance approach to the virus. on thursday, chief executive carry lamb said the government is considering testing all of hong kong, 7500000 r

the chief executive, carrie lam, warned of penalties for anyone who failed to comply.

picking a new leader as a city battles to control a surgeon cobit 19 infections. chief executive carry lam confirmed the election schedule for march will now take place in may. she also said authorities are making plans for monday, 3 city wide testing for corporate hospitals in hong kong have reached nearly 90 percent capacity. and patients have being treated in makeshift open air spaces. the church we reported more than 3500 new cases on friday. ah. so this is out there. these are the top stories and russian state media is reporting the president vladimir putin will oversee new drills on saturday involving strategic forces of the launch, a ballistic and cruise missiles comes at a time of soaring tensions between russia and the west, rushing back separatism east and ukraine have accused government forces of launching new attacks on friday. at least 500 explosions have been recorded along the front lines less than 24 years. president joe biden is expected to hold talks with nato allies in the coming hours.

the territory's chief executive — carrie lam — has admitted the authorities are overwhelmed as spacen hong kong, the hospitals are almost bursting at the seams. at this accident and emergency department, the patients queue up on trolleys outside. for more than two years, the authorities have tried to keep the virus out, but covid numbers are rising at an alarming rate. none of this lost on the central government in beijing, with president xijinping urging the hong kong authorities to get a grip. quoted in a local state—run newspaper, he told them to... they should... the effects of the virus are being felt in numerous ways. locals are facing food shortages, as many of the lorry drivers who bring supplies into the territory have tested positive. hong kong imports around 90% of its food, most of it coming from the mainland, but the authorities insist action is being taken. translation: the first task is to recruit more lorry - drivers who have not been exposed to infection risk, and second is to ensure that all cross—border drivers will have covid—19 tests every day. once the results a

. $7400000.00 inhabitants next month. executive carrie lam also extended strict social distancing measures. she said help from mainland china was required to tackle a record surgeon to run a virus cases driven by the only chron variant. dutch police have ended an hours long hostage, stand off at amsterdam flagship apple computer store. a man with a gun held dozens of people there for several hours as he attempted to make a get away from the shop. police hit him with a car. the suspect is now being treated in hospital well as western governments impose sanctions against russia, european footballs governing body waif is facing criticism for keeping the champions league final. in st. petersburg. vladimir putin welcome to wait for bosses, alexander shaeffer in to st. petersburg, after it was chosen as host 3 years ago. you a for says it is monitoring the ukraine situation, but has no plans to change the venue. reacting to the decision, british prime minister boars, johnson said it is inconceivable that major foot european football tournaments could still take place in russia. russia, in the un

carrie lam was expected to announce fresh measures to contain the virus this week.erts say even with the strictest restrictions, it could take months to get the current wave under control. data for the just ended lunar new year break should the people travel more last year but spent less. about 70% below pre-pandemic levels. they sold 44% from 2019. 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. >> china is aiming to achieve big strides in it energy transition. let's look at how it is planning to achieve that goal. our head of china research joins us. what are we getting from the low carbon effort we are seeing at the game so far? >> the winter of the big -- olympics is a good snapshot of the overall strategy. the theme is 100% renewable. they are trying to transmit the power to the stadium. china is planning a lot more of these which helps china to achieve its overall goal. another thing is the reform we have taken. that allows that stadium tha

carrie lam addressed it yesterday, saying it is possible that -- saying it is impossible.t is impossible. the number-two official, john lee, after meeting with chinese officials, saying it is not go to happen. now, xi jinping is waiting in through the newspaper run by the communist party and the liaison office here in hong kong, quoting g jinping is saying this . "authorities must mobilize all forces and resources that can be mobilized and take all necessary measures and protect hong kong people's lives and health." it should be the top priority of the hong kong government. he didn't say that there should be a citywide lockdown. and i, saying that is necessarily going to be the marching orders. but the story does say the vice premier will be given the instruction by xi jinping, to be delivered to the hong kong government. so, we will see if there is any change. right now, the hong kong government is battling and i can probably guarantee, it is the top priority right now as they are facing what local media is reporting, 4200 at least 4200, confirmed cases pretty local media

the chief executive carrie lam on the lot is for anyone who failed to comply. are helping to keep us safe from covid... this is perhaps the greatest achievement in modern medicine, it's really miraculous. ..but in poorer countries, too few people are getting the jab. what we're seeing is a huge divide between the vaccinated and protected rich and the unvaccinated and unprotected poor. so, are rich countries keeping too many vaccines for themselves? there's no question - that lives have been lost as a result of the inequitable distribution of vaccines. - hundreds of thousands, probably more. - are the drug companies putting profits before lives? this one small corporation has reaped a huge windfall,

the territory's chief executive — carrie lam — has admitted authorities are overwhelmed as space runshospitals are almost bursting at the seams. at this accident and emergency department, the patients queue up on trolleys outside. for more than two years, the authorities have tried to keep the virus out, but covid numbers are rising at an alarming rate. none of this lost on the central government in beijing, with president xijinping urging the hong kong authorities to get a grip. quoted in a local state—run newspaper, he told them to... they should... the effects of the virus are being felt in numerous ways. locals are facing food shortages, as many of the lorry drivers who bring supplies into the territory have tested positive. hong kong imports around 90% of its food, most of it coming from the mainland, but the authorities insist action is being taken. translation: the first task is to recruit more lorry - drivers who have not been exposed to infection risk, and second is to ensure that all cross—border drivers will have covid—i9 tests every day. once the results are negative, they

carrie lam earlier said that she feels this is still the best strategy for and that officials are using all their capacity possible to contain the virus. now, hong kong of course, sticking to its no tolerance approach share, despite calls by the international business community to prevent, to slow down perhaps some of the flight bands and, and to help you reduce some of the quarantine measures as well. but the message from beijing has been quite clear, stick to your path of no tolerance and no tolerance. covian. and caroline also reiterated that this morning saying that, you know, there is man power help coming from across the board if needed, as no sign that there's going to be a she an style locked down here yet, but certainly the message from beijing is very clear. stick to this strategy, brit credit reporting live there from hong kong for many thanks and do. still to come here on al jazeera, absent from class, full time schooling should have restarted as a bump we, but find out why many teachers haven't shown up and mapping the ice flow. we look at why new research could be bad news

his proposal to the government of carrie lam not to do this extended testing time. >> coming up, having india with volatility for stocks that some of our investment managers are telling them -- telling us they are sifting through job clinical tensions. this is bloomberg. ♪ >> that is mumbai. there is the nifty index. we are looking ahead to some of the key stories of investors monitoring today. india's top court will be hearing amazon's arbitration case against future retail. this after they went on hold on the delhi high court. we will be seeing if indian stocks are able to bounce back from their five day street. we have some technical indicators that suggest they may well be having more losses ahead. >> let's get to the market outlook in mumbai. good heavy with us. just as we are seeing an outflow of $7 billion year to date from indian stocks, at two that the concerns about a fed tightening, geopolitics, what is the outlook for indian stocks in 2022? >> we have seen strong closes to support and domestic. that has supported the market. the outlook for the longer-term has sent jitters.

chief executive carrie lam says most restrictions will be in place until mid or late april.acy's posted fourth-quarter sales and profits with comparable sales that sort 28% and a forecast earnings from four years that are better than expected. home depot is forecasting a deceleration prop wrote after a bumper and to lesser which is a sign that pandemic spending is starting to fade. they beat estimates. volkswagen is in advanced talks for potential ipo of its sports car rent which would help fund record investments and unlock value for shareholders. porsche could be valued up to $96 billion. 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. this is bloomberg. ♪ >> we are on our land. we are not afraid of anything or anyone. we owe nothing to anyone. we will not give away anything to anyone. jonathan: the ukrainian ambassador to the u.n., from new york, futures unchanged on the s&p 500, just about turning positive which is a turnaround in this market after futures down earlier this mor

carrie lam says the sum will be substantial.cial secretary's budget also will be released today. this has concerns because you lift up a rock and what are you going to find under the rock? you're going to find more omicron cases, more than they can handle right now. there are 20 something -- there 20,000 something patients that are still waiting for places up the hospital. if you mass test 7 million people, been telling says you might find 100,000 plus. then what do you do with them? as far as i mainland style lockdown, lockdown is a loaded term in hong kong. they equate that to china's oil and china's interference. michael team, he is a national deputy and a is this man. he runs a clothing -- and is a businessman. he runs a clothing chain. a month and a half without restricting people's movements is, what he says, crazy. he told me, he goes, nine days of total lockdown, shut off all businesses except for essential services, and do several tests during that time. he wants a shorter window to test and lockdown so businesses don't

carrie lam says distancing restrictions will be in place until late april.n china, tech stopped drop for a third straight session with new concern about beijing's rules. volkswagen has a potential ipo with porsche. the move would help fund record investments and -- and add value for shareholders. that could be valued up to $96 billion. this is bloomberg. ♪ >> united states will impose sanctions on russia for this clear violation of international law step we can, will and must stand united in our calls for russia to withdraw its forces, return to the diplomatic table and work toward peace. jonathan: the u.s. ambassador to the you and from new york city, futures are down about two/10 of 1%. the yield is unchanged 192 30 four, what a start to the week with president putin almost ready to recognize separatist republics in ukraine. it's necessary to go forward so no certification of the pipeline can happen. without the certification, nord stream 2 cannot go into operation according to the german chancellor. tom: we will have to see that -- what that does to the o

yesterday, carrie lam met with them to get 10,000 new isolation wards.emiologist says this mess testing over the course of a month could theoretically reveal upwards of 100,000 cases. then what do you do? that is the question. rishaad: chief north asia stephen engle -- stephen engle in hong kong and paul allen at the sydney airport. let's turn to ukraine more diplomatic efforts afoot should 's get to the first word news with vonnie quinn. vonnie: the white house saying u.s. and russian presidents agreed in principle to security. french leader emmanuel macron proposed -- france says the meeting will not proceed of russia invades ukraine. the u.s. is said to be telling allies russia could target multiple cities share the kremlin continues to deny plans to invade. russia and belarus are extending their military drills. the exercises were scheduled to finish sunday. officials pointed to increased literary activity in the area pit the ukrainian president has called on allies in the west to do more after delivering a speech at the munich security conference. e

carrie lam said she had no plans for a citywide lockdown.rince andrew has agreed to settle a lawsuit in which he was accused of sexually abusing a 17-year-old girl introduced to him by jeffrey epstein. court documents show that prince andrew will make a substantial donation to the charity of his accuser and declare that he never meant to malign her character. andrew has consistently denied the accusations. airbnb are shares jumped in extended trading after a reported fourth quarter revenue and profit that beat estimates. travel disruptions caused by omicron. the company says people are staying for longer with almost half the number of nights booked in the fourth quarter. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. manus: -- dani: thanks so much. as manus was mentioning, the prospect of easing russia ukraine tensions. we discussed geopolitics with our guest next. this is bloomberg. ♪ dani: welcome back. speculation that geopolitical tensions could

carrie lam has pleaded with residents to stay home at the city battles its worst outbreak since the pandemicegan. hong kong is existing with a dynamic covert policy, which aims to keep cases test cases at zero. -- keep cases at or near zero. a transatlantic data deal was struck down in data security concerns. europe and the u.s. have been in negotiations for months to replace the agreement. 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. this is bloomberg. dani: juliette saly, thank you so much. coming up, we will speak with a guest about the global bond rout stoped by expectations for aggressive rate hikes. manus: the demand for the drinks and the supply chain problems. this is bloomberg. ♪ >> the rate hike will not occur before our net purchases finish. moreover, there are three conditions that will has to be satisfied before the governing council feel sufficiently confident that our policy rate is appropriate. all of the three conditions are meant as safeguards against a premature increase in in

lockdown , that is coming from the chief secretary, the number two official in hong kong after carrie lam, who returned from china visiting a lid officials over the weekend, getting pledges of support for supplies and perhaps rebuilding a new facility for quarantine and isolation. but he also got assurances china is not necessarily pushing hong kong to do a strict lockdown. the problem is hong kong put all of its eggs in the basket of keeping the virus out, and now it is overwhelming the hospital system. there are no more beds left. they are basically saying if you are a healthy individual and you have symptoms, and if you even use a home test -- hong kong is continuing with zero covid but it won't do an outright lockdown, so we will have trouble with this highly contagious omicron variant. dani: thank you very much. our chief north asia correspondent, stephen engle. coming up, u.s. officials diverge even more widely over what to do about resurgent inflation. that conversation is next. this is bloomberg. ♪ manus: it is "daybreak: europe." the u.s. inflation clicked in at a 40 year high. n

carrie lam says public housing estates will be used for isolation facilities and officials will seek hotels for the same purpose. this has local media says hong kong will announce 1500 confirmed covid cases today. intel is closing in on a deal with $5 billion to buy israel's semiconductor. it is part of intel's push into the outsourced chip manufacturing business. shares in towers jumped as much as 58% in late u.s. trade. microsoft has told u.s. employees to begin returning to the office from the end of this month along with other tech giants, it has struggled with how soon to bring employees in with previous deadlines pushed back. the company says staff can work from home up to half the week without discussing it with managers. this is bloomberg. -- global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. dani: juliette saly in singapore. a quick check again on your premarket session, looking at european futures dropping, but the u.s. is faring better. the nasdaq up 0.1%. geop

picking a new later as the city battles to control the surgeon, coven, 19 infections. chief executive carry lam confirmed the election schedule for march will now take place in maine. hospitals in hong kong have reached 90 percent capacity and patients have been treated in make shift open spaces. you guys whether office has issued a red, red warning for southern and central england storm eunice has made landfill and it is extremely winds are expected to cause danger to life. it comes just days after another storm caused power outages and transport disruption. in some areas, 2 people are trapped on a ferry which caught fire in grey's rescue effort is underway to free them. hundreds of others were brought to safety by the coast guard. and a court in india has sentence 38 people to death and 11 more to life in prison. for the men are bad bombings. 14 years ago, 56 people were killed at least 200 others injured in a series of explosions back in 2008. those are the headlines i'm m language than he is continues here on al jazeera after libya unspeakable. ah, there is no such thing as a clue. war allo

in hong kong, chief executive carry long -- executive carrie lam will delay its election to continueo fight the coronavirus. meanwhile, hong kong will get mandatory for all residents to have a covid test. 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 leigh-ann gerrans. this is bloomberg. ♪ ♪ >> when putin>> makes calculations about whether there should be war, he is going to have to look at the russian economy, which is in no great shape at this moment. if he wants to have a war, he is going to have to suffer severe economic consequences. jonathan: the words of the managing director at team at advisors -- at tm at advisors. enough to get this equity market a bit of a bounce. the meeting next week between sec. blinken and minister lavrov. the nasdaq up 0.3% per get that bounce fades as this session grows older. we rolled over just a little bit. yields unchanged on tense. euro-dollar going nowhere at on .1315% -- at 1.1395%. tom: thanks to our booking team for a great job on short notice

it comes after hong kong chief executive carrie lam said the outbreak had overrun the government.lobal 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. ♪ i'm ritika gupta. this is bloomberg. ♪ ♪ >> let me say first of all that our hope is for peace. if tanks were to move across the border, we are prepared to levity most severe sanctions on russia in its history. jonathan: from new york, with tom keene lisa abramowicz, i'm jonathan ferro. we are down 0.2% on the s&p. in the last 20 minutes or so, the state department laying out a plan of what they would do to respond to the president of russia if indeed he recognized ukraine's separatist provinces. he said it would constitute a gross violation of international law. sick or terribly can went on to say it would necessitate twist and firm response from the united states, and full coordination with our allies and partners. tom: extraordinary, and we don't have enough time this morning with greg valliere. his mornin

is why there is so much speculation heading into the weekend with the number two official after carrie lam in hong kong. he went across the border to meet with chinese officials to discuss cooperation efforts and potential beijing help that could be offered. there is a lot of speculation. i had people stop me in the streets asking what was going on? would there be a lockdown? we do not report rumors but it is almost a new story in itself that people are acting on the rumors other it is a run for groceries, produce and the like. there was speculation that perhaps a mainland style lockdown could be coming to hong kong. john lee after visiting with his mainland counterparts in shenzhen said there would not be a mainland style total lockdown of the city. that is something bernard chan told me exclusively that it is just impossible for hong kong to do that but a lot of questions. we had 1300, 1300 40 seven new confirmed infections on top of 2000 for luminary cases. and it is totally -- preliminary cases. and it is totally about -- how do you stop omicron when almost all of the cases but for fou

-- angel: keeping you up-to-date with news from around the world, in hong kong, chief executive carrie lam the election so the city can fight its worst ever coronavirus upright. the committee has 1500 largely pro-beijing electors and will meet on may 8 instead of march 27. hong kong will make it mandatory for all residents to get tested for covid. the biden administration is warning that covid cash is drying up. it is telling congress that the u.s. does not have enough money on hand to deal with future coronavirus variants, stockpile vaccines, or develop new technologies. the department of health and human services is asking for $30 billion to prepare for new waves of the virus. and the internal revenue service is adding a second so-called surge team to expand its capacity to process u.s. tax returns. that comes after criticism from members of congress, who say that taxpayers are waiting for months to get the refunds. the irs will also outsource some functions to help finalize returns more quickly. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 jou

chief executive carrie lam says tightened rules will be proposed. mandate will eventually require three shots and rapid covid test will be handed out at all hong kong residen -- to all hong kong residents. jens stoltenberg has been chosen to be the head of norway's central bank. the pic is likely to become traversal because he is a former prime minister. 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. ♪ >> what i would be wary about if the oil price goes to $100 or higher, is that going to make the fed more hawkish because they really want to put a stopper in this inflation bottle? jonathan: we are close, let's put it that way. brian nick of nuveen on crude. futures up 0.8% on the nasdaq. the s&p up a little more than 011%. we've got to talk -- more than 0.1%. we've got to talk about what is happening in the oil market. seven weeks of gains, year to date up more than 20%. just short of $93 after breaching it earlier. tom

the government of carrie lam here in congress hong have set up a number of task forces.r timeline, when the help is going to come in, that is an open question. late on sunday we also heard from the hong kong government they plan to open vaccinations to children age 3 and up. this will start february 15th. this news coming out after a 4-year-old child has passed away, a child that had tested preliminary positive for covid-19. and lastly, i want to mention this. the hong kong government also warning of food disruptions here in the territory after an outbreak between cross border truck drivers. these are the truck drivers who bring in food supplies from mainland china into hong kong. got to point out the fact that hong kong is an importer of food. in fact some 90% of our food supply, our groceries are imported. back to you. >> well, hong kong and mainland china are a few places which continue with this zero covid strategy, dynamic zero covid strategy. this is a heavy hand, the whac-a-mole approach. you crack down on it at the first sign of an outbreak. could there be a lock

chief executive carrie lam's has heightened social distancing rules will be proposed.he vaccine mandate will eventually require three shots and rapid covid tests will be handed out to all hong kong residents. in germany, a third straight day of record infections. europe's largest economy aborted almost 49,000 new cases today. the seven-day instance rate has been climbing steadily since the start of the year and also set a new mark. hertz has named former goldman sachs executive stephen schork as its new steve eggs -- new chief executive. hertz filed for bankruptcy less than two years ago. it went public again in november. global news 24 hours a day on air and on bloomberg quick take. i'm ritika gupta. >> it looks to me that the u.s. economy is a long way away from full employment based upon employment population rate. there has been a temporary shock going on. jonathan: danny blanchflower there from the former bank of england mpc member. tom keene, lisa abramowicz, and jonathan ferro. futures up 0.1% on the s&p. nasdaq futures up 0.7%. yields down to basis points at 1.

as the territory battles record covert cases, chief executive carry lam, announced the new measures including the closure of religious venues. public gatherings will also be limited to just 2 people. come here, come here, getting adams on there. given the severe pandemic, i have the public rec set that we have to go back to. this may stringent level will be introducing a ban across family gatherings, even in private and will increase a penalty for those who don't comply with the compulsory testing requirements. if they don't comply, the fine will now be doubled. more on this with brit cleaners in hong kong. they will now be bands on, on certain gatherings and even in the household which is something that we haven't heard before. we do know that jim's and, and basel already shot now, places of worship will also have to be closed in hassan's will also have to be closed. interestingly enough, there is a huge emphasis on vaccine pauses. so you will need to prove that you've had a vaccine to went to wet markets and shopping malls and soup markets as well. that we haven't seen that kind of thing in