i am david westin. covid cases in the united states are down. vaccinations are up.we will open new york city fully by july 1. what does that mean and what are the risks involved? welcome dr. steven corwin, chairman and ceo of -- thank you for being back with us. just a few moments before we came to air there was a report the tri-state area, new york, new jersey, connecticut, will release

i am david westin. should not be reading too much into any of it. david: sharp time movements in the market is much akin to grambling. emily: blair efron on how as a red-hot m&a market is holding back to find out where the biden administration is heading. >> a function of understdi

. >> we are probably the best leading company in the world. >> this is "balance of power" with david westindavid: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we start with a check on the markets. for that we turn to abigail doolittle. stocks are down but i was surprised the 10 year has not move that much. abigail: i was just thinking about that myself. if you take a look at stocks you would think it was a risk off day. we are off the lows. s&p 500 down 1% relative to its 1.6 decline. the bank index is still down 1.7%. even with this kind of selling in stocks, the 10 year yield is down a basis point or two. it is

state, our colleague david westin is standing by with a special guest. david: david: we want to welcome radio listeners as well. we are joined by new jersey governor phil murphy. you are redefining a beer chaser in new jersey, not on the side of vodka or whiskey, but following a vaccine. >> it is good to be with you. that is part of our proactive outreach to get 4.7 million citizens vaccinated by the end of june. we had a supply-demand in balance for many months, far more demand than supply, and we knew it would come to this moment, and we are here. that balance started to move in the other direction, so we need a whole series of steps. a shot and beer is one of several initiatives we launched in every corner of the state, knocking on doors, mobile vans, going from church services on sunday to get vaccinated, because we think we need to be in a proactive mindset to meet our objectives. david: you have identified 16 municipalities in new jersey where you are below 40%, led by new brunswick city. it looks like they tend to be lower income and minorities. wh

she is standing by with david westin to give us her take on the talk. david: i am pleased to welcome a special guest here in our studio, republican senator marsha blackburn of tennessee. thank you for coming to visit us. great to have you here. let me begin with all these proposals are taxes the president has laid out. what realistically might make it through the congress? sen. blackburn: it will be difficult to get this tax hike through the senate, i have to tell you. after the 2017 tax cuts that republicans and the trump administration put in place, what we heard from so many businesses was we can begin to invest in our businesses again. what we heard from individuals was we like having an extra couple of thousand, $2500, in take-home pay, and people do not want to see their taxes raised. and if president biden says i am not going to raise taxes on anybody making below $200,000 a year, $400,000 a couple, and then it is the same -- and then at the same time says i am going to take away the trump tax cuts, repeal the cuts, that is you. each and every per

gregory flynn joining balance of power with david westin on bloomberg television and bloomberg radio.ng over to the table in london on dab digital radio. we will certainly be working through all of the political develop its we are seeing in the u.k. this afternoon. a lot of pressure on boris johnson. kailey leinz, the long almost here bank. kailey: you are alone on the cable show because alix steel has an extra long weekend, but at least we did our three days in the u.s. and the u.k.. guy: well deserved by everybody. is this going to be a moment of reset? enjoy the weekend. this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we start with a check on the markets. joining us is abigail doolittle. a little green inequities. it is friday before a long weekend. abigail: it feels that way. a cruise control rally, not just for stocks. we have stocks up, we have bonds up slightly, and commodities

i am david westin. out seeing inflation in ohio's business is and he is worried -- inflation and all of his businesses and he is worried. >> i do not see what will make a temporary. david: tms ceo mary barra tells us how she is scrambling to get chips into car she wants.

we are looking forward to that with david westin.to bloomberg radio -- alix and i are off to bloomberg radio. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. (announcer) the core is key to losing weight, getting back in shape, and feeling good. introducing the aero trainer, designed to strengthen your core, flatten your stomach, and relieve stress and back pain. it conforms to your body and increases muscle activity. abs, back, obliques, hips, and glutes. get incredible results in just five to ten minutes a day. the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that'

we do not have the picture -- with david westin.e pictures. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... to receive fifty percent off installation. and t

coming up, democratic senator tina smith of minnesota it will be joining "balance of power" with david westing television and radio. guy and i are headed to dab digital radio. 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. (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choose from. get gym results at home. no expensive machin

patrice harris joining balance of power with david westin on bloomberg television and radio.e u.k., go to radio and listen to us. guy: absolutely. the cable show comes up next on dab digital radio. ♪ >> from the world of politics -- >> this issue of cyberattacks on our critical infrastructure is not going away. >> to the world of business. >> with that the trend will be strong job growth and recovery. >> this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we will start with breaking news fed governor lael brainard is appearing in a virtual event hosted by the f abe w. she is talking about inflation. we will take you through a few of the headlines in the prepared remarks. she says inflation is tough to predict, it may be transitory. there is uncertainty that remains. data shows price expectations well anchored at 2%. she says the second

annmarie: robert kaplan speaking to david westin. biden has up his defense of the unemployment bill. let's speak to our senior editor, derek wallbank. a big debate now in this country is whether or not the supplemental unemployment benefit is a reason why we did not have a strong april payrolls report. this is a critical week for president biden to sell his plan. how does he do this amidst this debate? derek: i think there is a lot to unpack and this is a critical week we have right now. for joe biden and the future of the jobs plan he wants through, you are talking about a meeting yesterday with joe manchin, meetings with congressional leaders. we will see the outlook on this jobs and infrastructure package at the white house wants to put together. what we could see is splitting or movement toward the overall cost of the plan, but there are a lot of external factors. you mentioned the jobs report. i want to throw in this oil pipeline issue that is affecting the east coast. when you get into these externalities about infrastructure,

barry diller will be joining "balance of power" with david westin.berg radio on the cable show. stay with us. this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we will start with a check on the markets. joining us is abigail doolittle. i do not see a lot of action in the markets. i wonder if you can look at the week. it has been quite a tumultuous week and we are coming up quiet. abigail: quite a week indeed. we do have a little bit of action over the last hour or two. that is the fact that china has come out against bitcoin. bitcoin is down 8%. you are asking me should we care about bitcoin. stops have been solidly higher not so long ago. the s&p 500 bitcoin pairing its gains. the nasdaq 100 has turned lower on the day, down .5%.

annmarie: imf managing director kristalina georgieva speaking to david westin.ahead, we dive into china and their debt riddled financial system. this is bloomberg. ♪ annmarie: good morning, 6:45 in london, this is "daybreak: europe." we will turn our attention to china's her wrong asset management, efforts to clean up the so-called bad bank closely monitored by foreign banks and investors. the inside story of the problems are detailed in our big feature, the big taken today on the bloomberg terminal and website. for more, we are joined by our reporter. what is the latest going on behind the scenes? the line that caught my attention is the top leadership practicing calligraphy when things were getting messy. >> yeah, what we have learned is regulators are intimately involved with trying to resolve some of the turmoil we've seen at huarong, an extraordinary story at a state owned firm. country exhibit these -- company executives were sending a notice to regulators, and have become accustomed to ad hoc meetings with regulators when bonds started to tumble. manus: t

alix: catherine keating will be joining balance of power with david westin on bloomberg television andoomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you to maintain comfortable, correct form. that means better results in less time. you can do an uncomfortable, old-fashioned crunch or an aerotrainer super crunch. turn regular planks into turbo planks without getting down on the floor. and there are over 20 exercises to choose from. incredible for improving flexibility and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. >> from the world of politics to the world of business, this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and ra

thank you very much, bloomberg's david westin.we will take a look at how the virus crisis in india is affecting western union's business. we will talk to this -- we will talk to the cfo right after earnings. this is bloomberg. ♪ ritika: this is "bloomberg markets." i'm ritika gupta come alive in the principal room -- ritika gupta, live in the principal room. this is bloomberg. alix: live from new york, i'm alix steel, with guy johnson in london. this is "bloomberg markets." western union had a rare miss on earnings in the first quarter. abigail doolittle is looking more. abigail: on this chart, we see what investors may not like. earnings basically flat on a year-over-year basis. basically a tiny mist to sales. the top line, a small beat -- tiny miss to sales. the topline, actually a small beat. this company is incredibly big in cross-border remittances. principal transfers up 20%, more than 20% for the third straight quarter. one reason the stock may not be reacting as perhaps some, those who are along shares, might hope, the sto

we spoke with david westin at the businessweek conference. vid: we are coming down and is significant matter, we dropped cases down to the 30's which is good news. we don't want to declare victory prematurely but if we can get the 70% of adults vaccinated with at least one dose by the fourth of july the where the president has set the goal, the chances of there being a rebound is extremely low. that is the reason we want to continue to get people vaccinated and even get to that somewhat recalcitrant groups that really doesn't want to get vaccinated because the more and more we get the higher the percentage, the less likely they will be a problem and that would mean we could safely get back to normal, get the economy back to where we wanted to be, people enjoying things that they have not had the opportunity to for over a year. we are going in that direction but we have to keep putting on the pressure as it were to continue to get people vaccinated. david: give us a sense about vaccine hesitants. last i checked about 60% of the country have the

coming up, rick rieder will be joining "balance of power" with david westin.e u.k., stay with me on bloomberg radios the cable live at the top of the hour on dab digital radio in the london area. we'll be covering everything about the u.k. opening. 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. >> from the world of politics to the world of business, this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." as we come to air there is some news out of the white house. just bro

coming up, glenn hubbard joins david westin.loomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide , welcome to balance of power. we start with a check on the markets. it looks like tech is leading us up again. abigail: tech is the leader for stocks and it is a solid risk on day. bonds are higher slightly. that may be is a little bit of a tell in terms of battle risk on. as you know, yields being down helps out stocks. the s&p 500 up 1%. the nasdaq up 1.8%. this after the nasdaq had its first up week in five weeks. interestingly falling yields --

on "wall street week" with david westin. alongside tom keene, i'm jonathan ferro.is back on monday. 12 minutes away from a retail sales print in america, which michael mckee will swing by and bring you some information on. your equity market up 27 on the s&p. on the nasdaq, the nasdaq 100 advancing 1.07%. do you want to put the dow, tom? tom: no, i don't need to do it right now. jonathan: that was just for you. you can pay me later that. on the bond market, yields coming in to 1.6369% on tens. treasury firmer, tom. tom: very interesting. we have talked to some good economists about retail and what it means for the national gdp. how about retail for retail's sake? you do that with dana kelsey, kelsey advisory group, and joseph feldman joins us right now. i want to talk about the spirit and retail. i want you to pollute forward to home depot next week. hermes of france ready to put a gajillion dollars into a double storefront, and right across the street, manolo blanc is building another fortress. people are building into this recovery, aren't they? joseph: it seems

he spoke with bloomberg's david westin. >> as of now the cdc is saying if you're going to an airportn airplane, wear our mask. they may update guidance as they learn more. i think for the meantime we need to understand the cdc puts out what it has. ed has got a lot of guidance updates. if i was to travel, i would certainly be wearing a mask on an airplane. mark: he also says they plan that she plans to leave his post at the start of june. british taurus will get to relax on the beaches of portugal after officials in the country lifted restrictions on u.k. arrivals. officials say tourists from the united kingdom with a negative covid test will be able to enter the country starting may 17.

tom: we've got gm coming out with david westin here in a bit.ter you see where i see a headline that says gm strength, especially in north america, china, and gm financial. we get back to the recovery of china leading the way. romaine: this is a company not only is able to expand on production, it also has tremendous pricing power in this environment. on top of all of that, you have the perception of innovation that a lot of people see mary barre doing with the progress on autonomous driving and alternative fuel vehicles. for a certain time, this was very underappreciated. not necessarily anymore. it will be interesting to see what comes out of that interview. david is always able to get some pretty good comments out of her. tom: thank you so much. romaine bostick on "the closed" this afternoon -- on "the close" this afternoon. we speak to economists, but rarely do they piece together this confidence. thomas costerg is looking at 10% growth, and boldly says 6% follow-on. are we grossly underestimating the sustainability of the kind of earnings,

david westin currently speaking with dr. anthony fauci, the u.s. tional institutes of health director. let's take a listen in. david: clearly it applies to only those fully vaccinated. those of us fully vaccinated feel privileged to have that, but we don't know who is fully vaccinated get if i am running a business, whether it is a small retail store or huge company, i don't necessarily know who is vaccinated and who is not. how do i figure out which is which? dr. fauci: you just hit the nail right on the head of what the issue is. since we are not centrally requiring proof of vaccinations, namely from the federal government on down, you gave an example which is a perfect example of what we are facing. let's say i'm an owner of an establishment, whatever that establishment is, and i am aware of the cdc guidelines saying that people who are vaccinated can feel safe outdoors and indoors without a mask. what i don't know is, coming into my establishment, who is vaccinated and who is not, which means you don't know who is infected and who's not, and wha

. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westinbloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we start with a check on the market. joining us is abigail doolittle. it looks like it is about tech. the text seems to be rising. abigail: we do have some strength for tech. the s&p 500 and the dow down slightly, the tech heavy index up slightly. this is a continuation come the decline for stocks. despite the fact thursday and friday were strong last week was the worst week since february. some of the insert d coming through, especially for bitcoin -- some of the uncertainty coming through, especially for bitcoin. the idea of too far, too fast. lots of news from the big

world -- >> from the world of politics to the world of business, this is "balance of power" with david westinworld headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we are waiting right now for president biden to come out from the east room of the white house and address the economy disappointing job numbers. in the meantime we will try to sneak in a quick report on the markets with abigail doolittle. it should've been a big market moving event. i am not sure it was. abigail: it depends what market you're talking about. there are process that moves. stocks are up but it is a boring up. not so surprising, just given the idea the initial reaction to that jobs report was bad news is good news because the fed will be in place and there will be more stimulus. if you look at bonds and the huge reaction down, which would've been -- david:

this is "wall street week," i am david westin. this week, dr.ound she and the imf head on of the risks we face if we don't vaccinate everyone, and i mean everyone. dr. fauci: we've taken a leadership role globally and i believe we can do that with covid-19. >> we are not going to see full economic recovery until we are out of the health crisis. david: ceos

. >> this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in newdio audiences worldwide, welcome to "balance of power." everyone agrees the u.s. economy is coming back fast, but the question now is can it be too fast and are we in danger of triggering inflation? we spoke with sam zell of equity group investments yesterday. he said he is seeing inflation in all of his businesses. sam: we are seeing it in all of our businesses. the obvious bottlenecks in the supply chain arena are pushing up prices.

. >> from the world of politics to the world of business, this is "balance of power" with david westins world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." as we come to air president biden is due to speak in the roosevelt room at the white house about the colonial pipeline hack. we will bring you that when it happens. let's start off talking about the state of the economy. with higher than prices today coming on the heels of higher-than-expected consumer prices yesterday. for analysis of where we are and where me baby headed, welcome simona mocuta, state street level advisors senior economist. we had surprising consumer prices yesterday. today they also came in higher-than-expected. does that indicate we have more to come? simona:

. >> from the world of politics to the world of business, this is "balance of power" with david westinmberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." today the ceos of the six biggest u.s. banks will return to capitol hill for a second day of hearings, this time before the house financial services committee. we will bring you that hearing as soon as the question-and-answer period begins. to set us up we welcome ben bain who covers financial regulation for bloomberg. maybe one way of looking at is what is likely to happen is looking at what happened yesterday and how different is it likely to be? ben: yesterday you saw two different universes. you sought democrats coming at this from the starting point of these bank ceos and their institutions need to do more on climate change and diversity. they need to pay

this is balance of power with david westin. ♪ david: from bloomberg's world headquarters in new york audiences worldwide, welcome to "balance of power." we start now with a check on the markets. joining us is abigail doolittle. it has been quiet lately. it is not quiet today. we are looking a full-fledged selloff. the worst day for the major averages in the u.s. in six weeks. it feels like it is out of nowhere. it house felt like we had this quiet trading. -- like we had this quiet trading period. over the last three days in particular tech has been weakening. we are seeing a combination of that with the real

she spoke in an interview with david westin from washington. >> we recognize we are not going to seeovery until we are out of the health crisis and we asked the question, what would it take to vaccinate the world population by the end of this year at the level of 40% and by the mid-next year at the level of 60% that would bring the acceleration of recovery everywhere? and the answer is one, we need to inject upfront financing into the facility that helps developing countries to bring vaccines to their people. we have to fund it now, not make commitments for some future. we have to get countries with access vaccines to make now a commitment to release what they don't need for their own people so it can be integrated into vaccination plans in the developing world. very important, recognize that there may be problems down the road with new mutations and booster shots necessary so plan to overproduce and expand production capacity and diversify production capacity and allow the flow of materials and vaccines to be freely executed around the world. and last but not least, in the meanwhile

. >> from the world of politics to the world of business, this is "balance of power" with david westinrld headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we begin with a special guest. robert kaplan is the president of the dallas federal reserve. thank you for joining us. i have to start with the colonial pipeline because it was so much in the news over the weekend and today. from your point of view, what kind of read are you getting on the economic effects of what is going on? pres. kaplan: the economic effect will depend a lot on how long the shutdown last. there is a lot of uncertainty whether it will be a matter of days or longer. if it is short, it will mitigate the impact on consumers in the east coast on

haslinda: discovery ceo and at&t ceos speaking to bloomberg's david westin. more details on the at&t and discovery merger media outlet. su keenan joins us. let's start with the at&t deal. which was in the works. su: it is a history making deal. it will more -- merge warner media with discovery, and the transaction is valued at about 130 billion. they have used a tax friendly structure called the rivers more stressed and it will be heading at. at&t was facing a roughly $2 billion debt load, this appears to be one of the goals to get out from under that. that debt load is the highest that any nonfinancial company. the combined media property includes hbo, cnn and the reality portfolio. it will give netflix and disney a real run for the money. stiff competition in terms of streaming, which appears to have been a key goal. diving into the bloomberg you can see that at&t has lagged other media rivals since it bought directv and it never really paid off, and the spinoff, as mentioned by the ceos themselves, will give at&t about 43 billion to pay down that debt. tha

i'm david westin. this week, a special contributor. what do we do if inflation is here? s few examples of when inflation was brought back down without significant disruption. david: a warning that the shutdown of the

david westin's conversation, there is a lot in common. montana is different.move from 11.9% down to 3.8%. maybe they start counting the grizzly bears. do you know where montana is? jonathan: it's up into the left isn't it? lisa: that's brilliant. jonathan: north of london. isn't that the cheat guide for anyone looking at the english map -- england map? from new york city this morning, good morning. euro-dollar 1.2011. we advanced 4/10 of 1% heard a single basis point on the 10 year. more data still to come, the adp report later this morning. this is bloomberg. ♪ >> from new york city and our audience worldwide, this is "bloomberg surveillance." a bounce back up 16 on the s&p. we advanced 4/10 of 1% after the biggest one-day loss on the nasdaq we bounce back there. wasn't it curious yesterday a couple of comments from secretary yellen on rates did more to equities than rates. this is something dani burger looked at. i think it's important. the nasdaq takes it on the chin yesterday. down 1.9%. the kbw banks index, all-time higher 1.4%. what would you think was h

here is david westin. david: it is a good day for you and good day for will durant.ng at the numbers, one of the things i look at is the top line and the profitability. you did so much better than anybody expected. you almost put shame to analysts. my question is how did you do that? how did you get so much more money and profit out of a relatively flat revenue? mary: is a number of issues. strong demand for our full-size trucks and suvs. the chevrolet silverado, the gmc sierra, the escalate, the tahoe, there is exceptionally strong demand for those products. that is what is driving high average transaction prices because the demand is so high. we have able to be disciplined on incentives. gm financial has done an excellent job of taking advantage of higher used car prices and a strong market. we are also seeing recovery and return to strong sales in china. across the board, they contributed to the strong numbers. david: you surprised some people by say not only would we stick with our guidance, but if anything we think it will be towards the upper end of that guidan

she was speaking to david westin. >> what you recognize, is that we are not going to see full economicery until we are out of the health crisis. and we asked the question, what would it take to vaccinate the world population by the end of this year at the level of 40% and by mid next year at the level of 60% that would bring the acceleration of recovery everywhere? the answer is, one, we need to inject upfront financing in covax. this is the facility that helps developing countries bring vaccines to their people. we have to fund it. now. not make commitments for the future. we have to get countries with access vaccines to make, now, a commitment to release what they don't need for their own people. so it can be integrated in vaccinations for the development -- the developing world. very important, recognize that there may be problems down the road with mutations and booster shots necessary. so, plan to overproduce. expand production capacity and diversify the production capacity. allow the slow materials and vaccines to be executed around the world. last, but not least, while we are bo

coming up, an interview with my colleague david westin here on television radio.ening. this is "bloomberg technology." [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... to receive fifty percen

my colleague david westin spoke with the ceos of both companies to talk about the deal. david: we looked at what john has king kong, godzilla, the , incredible brand of hbo. sex and the city, game of thrones, superman, batman. we started to think about it as a combustible combination. we got some incredible ip that people will pay for before they pay for dinner. and we have a bigger library than netflix with content that people love. whether it's oprah, chip and joe, food network or the bbc content, planet earth. so i think this is just a way that assures that warner, probably the top of the pyramid in quality ip and quality talent that is loved all around the world, together with the content that we have, we are the largest global media company. we have more global ip than anyone else. when we come together, we think it makes us a real formidable, global ip business to compete with the best in the business. david w.: david says you are at least in the same sort of business, even if they are different ends of the business. but you also had a change of heart. there was a m

energy secretary jennifer granholm, joining david westin on "balance of power" at 12:30 here in new yorkis one of the main utilities in the united states, primarily in the southeast. they had more earnings reported earlier today. it was really a super solid number. they reaffirmed their full-year guidance of earnings on the top end. they had some great energy goals as well. they want to reduce carbon by 50% by 2030. that is lighter than president biden's goal of 80% reduction by 2030, so we actually talked about that. he also ramped up their solar and wind generation by about i've hundred 70 megawatts. they don't have exposure to colonial pipeline, but i did ask her about it. in terms of the performance, duke has really been outperforming. the s&p utilities index is the white line. the orange line is duke energy. it is outperforming of the past year as well. the question is how much more can they outperform if they are in the middle of the energy transition. i sat down with the duke chairman and ceo today, and we started off on the colonial pipeline issue. i said, what is the impact on y

i am david westin. we begin with the special guest. senior advisor to president biden. he joins us from the white house. a big announcement about the use or nonuse of masks and the social distancing. why did it happen yesterday? did something change in the science? what caused you to decide to do it yesterday? andy: thanks for having me on. this was a decision made by the cdc, which the white house learned of only at 9:00 the evening before. what the cdc director said it she saw three things happening, which persuaded her. the first is a fairly dramatic drop in cases. there was next financial rise in cases, there is also next financial fall. the vaccine, there was evidence in the real world they were working not just at preventing illness but at preventing transmission, which is a piece people suspected but were not sure of. there was sufficient data out of that. third, vaccines are now available to all americans 12 and over. those three elements are what caused her to make that decision that was announced yesterday that if you are ful

a conversation with david westin. stay with us on bloomberg radio and bloomberg television. ♪ 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. michael: -- david: we are waiting for jim farley's announcement of his new all electric f-150. we want to get a check on the markets with abigail doolittle. markets have had a rough time. abigail: it has been a rough week, indeed. right now it feels like a calm after the storm. the futures for the major indexes in the united states basically flat. the nasdaq 100 futures up a little bit more. that is interesting because we have yields down. when yields go down that helps out the tech s

david westin at balance of power i am sure will put this front and center.lucky with the german from arkansas to talks about six joined -- with the gentleman from arkansas. congressman hill, i want you to -- forget about modern monetary theory. give me the modern french hill theory about how all americans adapt to 117% total debt of gdp 10 years out. can we do this? rep. hill: tom, lisa, good to be with you. we have not seen this since the end of world war ii when america was 50% of global gdp and debt over gdp was a result of fighting and winning a world war. now we have embedded deficits for all of the out years from our social safety net systems and by government growing as a percentage of gdp. i do not believe it is sustainable. my biggest concerns of the potential for creating inflation , going back to hot inflation expectations. the value of the dollar connected to that, and the ability of servicing that debt as interest rates inevitably rise from their historically below zero level today. tom: other than winning in 2022, what is the appropriate republ

that will be one of the themes of david westin speaking with robert kaplan.time president kaplan spoke, he moved the markets. we'll see if he can do that again. stay with us on radio and television. this is bloomberg. ♪ we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer

summers spoke to bloomberg's david westin for "wall street week." >> it is faster, much sooner than i, and i think that has to make us nervous going forward. ritika: you can watch all of that interview with larry summers on "wall street week" today at 6:00 new york time on bloomberg tv. 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. ♪ ♪ >> the cdc's guidance in terms of relaxation of the mask requirement, we think it is going to be a big catalyst for growth and actually being able to put the number of people in our parks that we are more accustomed to, so it is very positive. our future bookings are looking really great. they are already back up fiscal year 2019 levels. jonathan: bob chapek, the disney ceo. alongside tom keene, i'm jonathan ferro. lisa abramowicz will be back with us monday. on the s&p 500, we advanced 0.7%. in the bond market, yields lower to 1.6386%. euro-dollar, $1.2121. wti, $64.64, up 1.28%. we get to the walt disney company. we trad

haidi: the discovery ceo and at&t ceo speaking with bloomberg's david westin pair let's get you a checkusiness watch headlines. sources tell us mobile pay form -- payment platform square is in discussions for a 4% yield on its to billy dollar debut junk-bond sale. it is being talked about in a 3% range while the 10 year charge for the same amount is in the 4% range. prices will be used for purchases which could include acquisitions and capital expenditures. jp morgan reopened its offices to employees across the u.s. on monday as part of its plan to call back is high u.s. workforce. at least en route putin -- on rotation by early july. it comes as a number of authorities ease restrictions and set dates for reopening businesses in the weeks ahead. the move adds pressure on rival commercial banks, which may adjust their own return to office plans. coming up in the next hour, we will break down one minari first quarter gdp numbers out of japan. our guest will join us. this is bloomberg. ♪ we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining

haidi: new jersey governor phil murphy speaking with david westin. miss our chat with the boston fed president happening tomorrow 8:00 at 10:00 a.m. if you are watching in sydney. this is bloomberg. ♪ shery: here's a quick check of the latest headlines. crystal mania sends altar coins soaring. does going surged as much as 50% once again. other tokens jumped 14%. classic surged more than 30% tier the recent rally has seen the rally of all digital token search past 2.25 trillion dollars with doged becoming -- with doge becoming a new poster child. goldman sachs is planning to tell u.s. employees they should prepared to work from officers again the middle of next month. citigroup's australia retail operations are said to be drawing interest from several local lenders as the bank looks to offload the entire unit in one piece. sources say anz and knab are in talks to buy the assets with several other offices showing interest. we are minutes away from the open in south korea. let's turn to sophie with what to watch. sophie: south korea markets are closed.

secretary, jennifer granholm, speaking to david westin. minute up to the start of european equity trading, and we will get stocks to watch, including thyssenkrupp. this is bloomberg. ♪ anna: welcome back to the european market open. eight minutes until the start of equity trading, and the general picture will be one of weakness as we factor in late losses on wall street yesterday. let's get the individual stocks we are watching. dani burger has different stories to tell as well as the tech wave from the u.s. dani: it really is one of the prevailing market themes of yesterday and today. we see asia tech stocks fall on sympathy from what happened in the u.s. europe has less tech stocks, but we could see the chipmakers, the biggest gainers over the past year, fall with this inflation story taking hold. thyssenkrupp upgrading their forecast, due to a china led recovery, they now see earnings in the several hundred million euros. previously it has seen a breakeven. one of the biggest owners of swedish investment firm had earlier this year said

. >> the discovery ceo and at&t ceo speaking to bloomberg's david westin.on that and what it means for competition, we have a bloomberg entertainment reporter. we have seen at&t with new content. what does this mean for the streaming wars? >> one of the three or four companies competing to be number three, netflix and disney are one into, -- one and two, is now going through a restructuring and shift is an strategy. hbo was one of the first major media companies to go over the top and have a service called hbo now in 2015. time warner sold itself to at&t, which led to the creation of hbo max. hbo max had a rocky rollout, but has hit its stride the past few months. it is about to expand all over the world. the strategy and leadership is changing yet again. it has introduced uncertainty to this company. >> what are the implications for disney, netflix, the competitors? >> it depends a little bit on what discovery choose to do, whether they combine with hbo max, whether they sell some kind of bundled offering. for those companies, they mostly -- they are likel