paul: chuck robbins speaking with jonathan ferro.e more on supply chain issues later on with christopher, chairman and ceo of a musical group which makes consumer products from youtube speakers. you can join us later on "daybreak asia." a move by the u.s. and united kingdom to help australia build nuclear submarines has stirred up geopolitical tensions. we will get analysis from expert who worked on security issues for more than three decades. that is up next. this is bloomberg. ♪ paul: china has -- help australia build nuclear submarines. the chinese foreign ministry spokesman said the new partnership will stoke an arms race in asia pacific waters. let's talk about the repercussions with the director of the asia program, the german marshall fund. china says this new defense pact between these countries, it greatly undermines regional peace and stability. are we looking at the risk of an arms race in the region as china wants? vonnie: china has been building up its military in the region for many years and the reality is that other p

tom: that was the cisco chairman, chuck robbins.mberg is hosting a webinar, bringing together global leaders to discuss how the financial sector can turn the tide on climate change with a focus on the role of france. speakers include the french economy minister, the u.n. special convoy on finance, mark carney, and the ceo of a mundi. that is happening now. this is bloomberg. ♪ tom: happy friday and welcome back to the open. we are nine minutes into the european trading day. a second day of gains. the stoxx 600 is gaining close to 0.7%. the u.k., france, germany and italy in positive territory. across the sectors, travel and leisure top the list. iron ore and the pressures around that raw material are at the bottom. he can zero in on some names. there is optimism around some of the attempts by the u.k. government to ease some restrictions. there has been speculation about the red list, now you have a report saying the u.k. red list on international travel to 62 countries will be halved. that is playing into the optimism in the airlin

let's if to chuck robbins. chairman and ceo of scisco systems and a beleaguered falcons fan. "mad money." >> you had to open with that, did you, jim >> how could i not >> let's get this out of the way. >> what? >> let me tell you how much help -- congratulations on the win. your team played really well. >> this is embarrassing. >> i'm very embarrassed. >> i'm going to sign this and send it to you. >> that's very embarrassing. look, you don't have to sign it. i already have a ball signed by him. you do that well let's get to it. you're better than your falcons. you did something i was hoping you were going to do which is you guided up in very sizeable ways for something after the last quarter people didn't seem to realize it. you're growing 5 to 7% revenue compound annual growth rate. that is really, really a big stepup from when we heard you last >> well, jim, you know, what we've been doing over the last four, five, six years is really making this transition to this software model today we shared the metrics and showed what we've done and basically the fact that we've done e

then i will check up with chuck robbins of cisco. that show begins in 20 minutes.stay tuned for that on bloomberg television. kathy jones can frame out the huge issue over yields. jonathan: there's a whole chapter in drawdowns dedicated to that is an experience -- dedicated to that zen experience. tom: i saw the cover for the book treatment that came in. ww norton would not publish it. it was totally inappropriate. jonathan: i thought it was a good photo. tom: i fell off the chair. lisa: at mcdonald's? [laughter] jonathan: from new york city, good morning. retail sales tidy in the united states of america. the dollar showing strength. inequities, we are down six. -.1%. john keene and tom ferro alongside lisa abramowicz. this is bloomberg. ritika: with the first word news, i'm ritika gupta. it will not be all sightseeing for the first all civilian crew on a manned space mission. they will conduct some medical research during their three-day search. one of the passengers may have paid $200 billion for the flight plus a donation of $100 million to charity. president b

and 9:40 a.m., we get the chair and ceo chuck robbins joining a program jon ferro will be posting later on. i'm curious to see how much she talks about supply chain delays, chip shortages, and how much people are adapting their personal offices to work from home. at 10:00 a.m., july business inventory data that seeds into the same conversation with supply chain just ructions. the idea -- chain disruptions. the idea they have to restock it a holiday season at a time where they do not know how quickly they can get things. there's a sense of how much these have increased costs. if you look at the shipping cost from shanghai to los angeles, nearly triple over the past year. lisa: thank you. the promo for the open later on. lisa: i'm genuinely interested. jon: thank you. you watch bloomberg tv, don't listen to tom. tk, a special congratulations to the team at spacex. tom: just superb. we don't want to take the time here but jon, this has been way underplayed. i take immense issue with mr. bezos and mr. branson. this is a far larger accomplishment into orbit than john glenn of 1962, 365 some

jonathan: i just don't think chuck robbins knows that yet.sa: neither does lisa abramowicz, but carry on. romaine: i will keep an i on that interview. keep an eye on las vegas sands and the rest of the casino stocks. they are down now. if today turns out to be a down day, this will be the sixth and seven that they are down. a lot of them are well into correction territory here. las vegas sands down 2% premarket, down about 15% over that stretch. beyond meat getting a downgrade today, all the way down to underweight. some concern about competitive pressures. there was an interesting note on the automotive space, particularly with ev's come out of bank of america. they downgraded lordstown. the concern here is really the competitive pressures. the analysts didn't seem to think that these companies would not be able to bring their products to market, but by the time to get there, there are going to be so many other options for investors out there. both of the stocks down by about 2% each. an upgrade to avis budget on the capacity to over earn. t

. >> my friend chuck robbins is an lawsuit guy and his supply chain works very well. i wonder if.ab net. "mad money" is back after the break. >> stick around. "the lightning round" is coming up next. i wonder how the firm's doing without its fearless leader. you sure you want to leave that all behind? yeah. stay restless with the rx. crafted by lexus. experience amazing at your lexus dealer. wealth is breaking ground on your biggest project yet. crafted by lexus. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it. principal. for all it's worth. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. get ready for it all with an advanced network and managed services from comcast business. and get cybersecurity solutions that let you see ev

i would not want to go against chuck robbins, other than in football he also lives the braves and theers he's backing winners, two out of three. i'm saying chuck is making inroads in the enterprise. that's why i think this deal is so necessary for zoom. >> they're going to have to pay up for the negotiation that got them the deal in the first place. you know, you've got to get some sense of shareholders that what five nine are going to accept, if the vote was held tomorrow, no way no way >> people are talking about every single ipo, whether it's dutch bros, no one is talking about substance. you're the only guy talking about the spac world blowing up. >> yeah. one deal had 2.5 redepositions, that's the lowest i have seen. it's going to be acquired by a spac, already a 4, and amicus will own 30% of the new company if, in fact, there are no redemptions. of course there are always redemptions, but one of the stocks is up nicely, f.o.l.d >> it's a real company. >> you know that company >> yeah. >> you also know cyrus one, too. >> how about morgan stanley, another downgrade. they're talkin

. >> yeah, i mean, it's one of those valuation calls that i really dislike chuck robbins, people comingork, campus, there's very good acquisitions the last few years. i don't think it will hurt the stocks got a good yield, a great balance sheet. he is a falcon fan they're going to get a beatdow at the hands of the eagles that's really the only fly in the ointment for this man. >> are the eagles going to be any good >> surprising. everybody's gotten a buy in, i expect very good things. >> is that why nike's leading the dow along with a couple of -- >> oh, my, nike. evidence slab once again, i know david you said something like you're not that fond of research the evidence lab is proving to be every bit as good as say the criminal minds. >> csi kind of level. >> csi kind of level analysis. >> it's got that level of rigor. >> does it >> i thought the nike report was good since there are no real supply chain problems. >> are they solving any crimes are they really doing that >> they're not dexter either, let's get that straight. >> they do have their stamp >> you didn't even talk about -- >