manus: good morning from our middle east headquarters in dubai, i am manus cranny, tom mackenzie alongside me in london. we are "bloomberg daybreak: europe." there are ongoing ever grant debt concerns. -- ever granted debt concerns. and bill dudley says the fallout from china real estate will not stop the fed from signaling its own track to taper. shell sells its permian basin for $9.5 billion as it plans to distribute $7 billion to shareholders. good morning. my favorite line from reading, was yesterday a rational de-risking, were we already traveling at extreme altitude? that is a very lofty call. good morning. tom: and we talked in the past how this is been an unloved rally, and that was permeating what we saw in the price action yesterday, but it is also reflected in the positioning by stocks traders around some of these defensive derivatives. we can show you a chart that shows demands, the skew chart, it is the steepest since 2018. these stock investors have been hedging this rally. manus: hedge meet up before you go-go. channel my inner wham! here is the debate. ivanka of edge versus

i am manus cranny in dubai. tom mackenzie at london hq.itical unrest in guinea has rattled the global alumina market. that was sunday. the african nation is a major producer of bauxite, which is used in the aluminum. let's get to martin ritchie, who joins us now. how important is guinea in the aluminum production supply chain? artan: -- martin: it has been a surprise morning for aluminum, everyone scrambling to understand what is guinea's role? it is basically a china story as a lot of things in commodities are. china has spent much of the last decade holding any up as a major supplier of bauxite -- guinea up as a major supplier of bauxite. it relies on them for 55% of its raw material. so concern is there might be some supply disruptions, changes in policy in guinea. the effect of the raw material in china and making production perhaps more costly and difficult in turn makes alumina more expensive so you have seen prices in shanghai this morning go up to 15 year highs. manus: 15 -- tom: 15 year highs, that's part of the reaction. a lot of

i am manus cranny in dubai. mackenzie in london. 18 months away from the floor, the brokers have returned. they are iconic, the red leather couches on the floor of the london metal exchange and this is where they set the benchmark prices for everything from copper to aluminum. it is open outcry like you really cannot believe. it is a passionate environment. that's bring in our metals reporter, mark. how did the first day go for trading? they got back in the ring but what about the market? what about volumes? how did things turn out? mark: thank you for having me. the first thing to say is that it was not a disaster. and actually, that is quite the feat in itself because it has a very complex system of hand gestures and vocal commands and market conduct rules. and having spoken to dealers as they were preparing for the return of the ring, there was clearly worry in the background that they might little rusty after 18 months away. as far as we know, there were no breaches of market conduct rules. no one brought th

dubai hopes the 6 billion euro fare will attract new business. the european parliament has urged countries not to take part citing human rights abuses in dubai and the government's use of spyware. critics question how many workers fell ill with covid-19 during construction of the best expo site -- the vast expo site. in surfing, a hawaiian has scored a perfect 10 to triumph at the surf ranch classic in california. the ranch is 100 miles from the sea and uses a wave machine. the 22-year-old is a two time world champion. a frenchman won the men's competition. here is a reminder of the top stories we are following. ecuador has declared a state of emergency in the prison system after mass violence between rival gangs in the country's largest prison claimed more than 100 lives. reinforcements have been sent to the prison to bring the situation under control. france former president has been handed a one-year prison term to be served at home wearing an electronic bracelet. the court said he spent almost twice the legal amount on his 2012 reelection cam

i am tom mackenzie in london with manus cranny in dubai. focus is shifting to uscp i later today. risks from delta and supply chain shocks have pushed price higher. if consumer prices are hotter than expected, the fed could alter their timeline. that's what investors are watching. still with us is martin malone. where is your view now? what are you saying in terms of the data at hand, and your team and your view on whether or not this is transitory or embedded or the timeline for the fed. martin: we do view there is a transitory issue, and structural issues that could come about, but simply in q3, we see a peak out of inflation just over 5%, and that could taper down to probably 4% in the first half of next year, and the second half of next year, down to the 2% figures. the fed is right about transitory, but it could upset -- could be upset by events or if we see restrictions on color wages. manus: what is the bigger risk, $100 oil, goldman says $80 employee -- oil impacts inflation. what is the bigger risk for you and how should you positi

i am dani burger with manus cranny in dubai. here is what you need to know.ny in limbo, he could see months of coalition talks as yesterday's election leaves the spd just inches above the cdu. the evergrande fallout spreads. investors join thousands of households amending money back from the embattled developer. another bond payment due this week. plus, the inter-crisis goes global. the u.k. considering drafting the army to get fuel to petrol stations. in china, household coming back energy uses. it is quite the menu of risks from the germany election to the energy crisis to what is happening in china to rates. we were just talking to bill street, who had very cogent answers coming -- answers when it came to china. you were getting compensated well for the risks you are taking in these asia high-yield indexes. manus: yeah, we put off the rate run, but i think when you look at the high yield in asia, he sees 18% as a high-yield in asia and you will get compensated for taking that level of default risk. there will be a policy response, not necessarily in the we

i'm tom mackenzie in london, with manus cranny in dubai.rgrande is whittling through the nation's financial markets. bond trading put it among the countries risk is issues. the cio and founder of human edge investment technology is still with us. you are looking at plus 15 in the property sector, does it entice you? mads: no, not at all. because i'm very happy and comfortable with the strategy we manage. 6% return in this environment, i don't need 50% with a lot of risk and a lot of default. the fed has a very strong commitment which they not wavering on, they are very clear. the china situation i think is good for the global economy. china needs to support the economy, but i'm not moving into that space. we have 5% in each of those areas. it's not an area i'm looking to get into at all. manus: people are talking about the dollar, the differential between china and the united states of america. i think that's beginning to come were evident in risk asset allocation. when it comes to equity, do you think that ultimately what's happening with

♪ manus: good morning from our middle east headquarters in dubai.ani burger alongside me in london hq. the stories that set your agenda. chuck schumer says a deal has been reached to avoid a u.s. government shutdown this friday. he risks to president biden's economic agenda remain. no need to fret. leading central bank chiefs try to reassure the markets over inflation. we get the cpi readings from france and germany today. and a power crunch bites. activity and china contracts for the first time since the pandemic began. very good morning. warm welcome to the show. it is transitory, you know. that's the reassurance from the central bank. i do like christine lagarde's very precise direction. they don't believe it is transitory. 30 basis points. 25 basis points in the last week. herein lies the point. bank of america encapsulated it all for me. where are we in this stage of interest rate grief? the first state is recognizing the driver is good. the second stage is frightening. bank of america saying we are in the second stage. that has a lot of issues

manus cranny in dubai.oston fed chief and robert kaplan separately announced their plans to step down. rosengrant is citing concerns -- health concerns and leaves at the end of this month. >> these sudden announcements, after revelations of stock trading during the pandemic. the departures remove two of the more hawkish officials at a time when the fed is babbling a tapering so timing is key here. let's get into it with our bloomberg economics columnist in singapore. thank you so much for joining us this morning. rosengrant and kaplan out. how much, if at all, does this make in terms of a difference for policy over the short to medium? >> over the short to medium-term, i think that taper is more locked in. when people say soon, that is fed speak for the next meeting. both the chair, the vice chair, all the boards of governors and a majority of the district presidents throw their weight behind it, barring an unforeseen upset that is likely to happen in november. who rotates in and out as a result of the kapl

i am manus cranny in dubai.bt crisis is manageable according to ray dalio so investors will be stumped -- we spoke to bloomberg at the greenwich economic forum. >> there is a tendency, understandable tendency, to think, because they are malware and communists, that they are going to go back to that kind of thing and they are not. xi jinping just, for example, introduced the newest stock market in beijing. he made a point of being the one who introduced the market in beijing to these small and medium-sized enterprises. they know that it catches nice. the issue is that the capitalist is not in control. the issue is that there is a system for the whole system and then what they want to do is make sure that it is not a capitalist driven system. and then there is data control, and then you have to understand, there's micromanagement. it's like the kids -- there is a top-down versus bottom-up. whether you like it or not, that is what it is. >> how can our viewers prosper from there micromanagement of the real estate d

manus: good morning from our middle east headquarters in dubai, i am manus and dani burger alongside me at london hq. hunks -- hong kong shares a sink and investors weigh ever grants. and janet yellen renews a call to raise or suspend the u.s. debt ceiling. she says it needs -- it is needed to avoid widespread economic catastrophe. and it is election week in germany, the cdu on the defensive as angela merkel set to head onto the campaign trail. there's only one word you need to understand, it is ever grande . this is about an equity in the lowest value in history and it is bleeding across the credit default swaps, but if you can't get a cds on ever grand, where do you go? this is vicarious hedging, not on the sovereigns but in case of ever grande. dani: that black box means a three standard or more deviation, you can see the risk, the fear emanating through the markets. it is all about the contagion risks this morning and without any response from the government because of the holiday, it is allowing investors to imagine the worst. it is a mark twain moment. i have known many great t

dubai, dry, hotand sunny. dubai, dry, hot and sunny. now on bbc news, panorama.ich some viewers may find upsetting. more and more schoolchildren are speaking out about sexual abuse by other children. we were walking up the stairs and he grabbed up my skirt and it really made me upset. new figures show an alarming rise in the number of cases reported to the police. he just sort of pinned me on the bed and i was shouting a lot but no—one could hear me at all. i'm mariella frostrup, a mother of two teenagers. i'm worried the sex lives of their generation are being shaped by their lives online. it's not taken as seriously as it should be. it's just like, "oh thatjust happened, oh, it's only a joke. it's just banter." and that parents are struggling to keep children safe.

manus cranny joining us from dubai.the markets as we head into lunch break and hong kong. looking at history that is turned marginally negative for the australian market, hang seng up as we go into lunch break. in japan we have people vying for the top job there as prime minister suga resigns. we are looking into oil prices no doubt in the next hour because is bloomberg and "daybreak: middle east." ♪ >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation, furnished by rare collectibles tv llc. >> the morgan silver dollar is without a doubt the most iconic coin in the united states and numismatic history. designed by knighted states mint -- by united states mint assistant engraver george t morgan, the silver dollar series was minted from 1878 to 1904. then again for one year in 1921. the morgan dollar is nearly an

he said he was kidnapped in dubai last year and brought to kick ali. he stopped attending court hearings because he said the trial was unfair. international legal observers agree, jeffrey robertson is monitored the trial from london for the american bar association. this became something of a show, tried the prosecution, evidence against him was shown, but he was in cross examine in any satisfactory way. so the verdict is we understand it would not, in that sense, be reliable. during melendez genocide, in 1994 recess, a beginner, saved hundreds of people. hotel where he was the manager of the film hotel. rwanda told the story and made him famous. he since fled into exile and became a focal critic of rwanda as president full county. the observer say it's also a problem that county has said he's guilty before the verdict that similar to the london isn't that we lost because always actions. and because of the organization's e barone to lead the fed ex expected on monday, poor recess, a beginner could be jailed for 25 years. malcolm web al jazeera kigali r

i am tom mackenzie with manus cranny live from dubai. here is what you need to know. wants to split apart ant group's alipay. the latest move in its crackdown. olaf scholz fends off attacks in a key election debate just two weeks before germany heads to the polls. and a bite out of the apple. the judge orders changes in the way the tech giant runs its app store but stops short of calling it a monopoly. manus, we were debating this at the top of the show. the questions about inflation moving back from center for investors. the focus shifting to cpi. the importance though is the granularity of this inflation and that is what you have been looking at. the question of wages. manus: it is whether apocalyptic ppi will be delivered. paul krugman says it is transitory. he says it will stay low. just like 1979. tom: 1979 and 1951. i was going to ask you where you were in 1979. what was the fashion? manus: i was in school and in very short trousers. tom: more inflation data on the docket. a question as to whether the cpi, ppi transition in china will hold up. the ppi is not pas

he renditions him from dubai. i got him back to put him on child and that he sort of pulled it up and, and yes, another critic of the government has been silence. really interesting. yeah, i've got a high price. really interesting to get your thoughts on this michelle around. we appreciate your time, i'm thank you very much. indeed. lebanon's parliament is meeting to vote and a draft policy aimed at finding a way out of an economic crisis. finance. and as you, mccarty formed a new gentleman last week after more than a year of political deadlock among its priorities is resuming negotiations with the international monetary fund on a possible bailout. well, that costs over to xena called us, whose life was in bay, which is in it. what more do we know about this plan of the governance? well, what he presented, he may add to the new prime minister. it says government's policy is what he plans to do to rescue this country, but there is nothing new. there is no break from the power. he reiterated what successive governme

i am manus cranny in dubai. account is ongoing. uchida -- the count is ongoing. with the edge. all of our bloomberg terminal users can hop on and get the very latest. this is going to the edge in terms of the former foreign minister. kushida having the edge. this is the line from adrian kennedy, our editor on the g live blog. dani: kono seems to be the most popular candidate with voters. manus, we are looking at the topix and the nikkei dropping. cashing some of the falling of u.s. stock prices, not necessarily a politics story. manus: the japanese stock market, as you can see, the nikkei is down 2.25%, likewise with the topix. is there a shift from growth to value as these yields rise in the u.s. and globally? just heard from a number of people talking demand disruption in the oil market. the line of the day goes to dani burger. is it alive and well? dani: pavlovian buy the dip. u.s. futures up at the moment. that is it for us. the european open is up next. we will have it continue on into the next hour. this is bloomberg. ♪ dani: good morning, everyone, and wel

japan is a chance, switzerland is a chance, singapore is a chance, dubai is a chance. it has to be a white list tax country to do it. there are more speculative countries that could do stuff, but i don't think that will help. you've got to find one of the established, taxpaying countries who say taxes are focused on regulation. i don't know if a white list tax company -- country is going to come up with a different regulatory framework for crypto. but one will break soon for sure. when they do, the crypto world will flock to that. haidi: with monetary policy in the pipeline, what is interesting to you when he think about the solid investment in the alternative segment, doesn't have to be crypto? mark: if you think about what is going to happen when the everywhere bubble bursts, you have to say precious metals, and i like platinum better than gold, and i like gold producers more than the metal. berkshire, even though they have had a run, continues to be a good uncorrelated asset. people think it is a stock and it really is not at the moment, i think berkshire hathaway i

she now lives in dubai. >> since the fall of kabul when the afghanistan government surrendered, i haven in continuous contact with our players at different levels, the national team that we luckily manage to get out, but there are so many other teams, female teams that still remain in afghanistan. they are in great danger and not protected. ross: what are they doing to try to avoid that danger? >> they are displaced from one place to another. they are hidden. they are in some sort of prison. it's very,ery sad. when i hear their voices, i have a very difficult time to contact them and find them, and what i hear every day, it is stressful for me whe i'm here, when i hear what they are doing. ross: i wonder how you would like the world to respond to this. cricket australia is potentially going to refuse to take -- to play the men's team if this is the taliban's position. would you like to see that elsewhere in other sports? wax this is the time for all the governing bodies of sports to stand together to say no to the taliban and put pressure. if they allow women's participation in sports,

. >> he was flown from dubai last year against his will.honda government suggested he was deceived into boarding a plane it paid for. international legal observers say that was just the first of many problems with the trial. his family has rejected the verdict. >> my father was tortured, kidnapped, denied his basic rights, and they gave him a guilty verdict. the coaccused came on the stand and said they had been forced and coerced and tortured into saying false things against my father, and witnesses are paid government agents. >> he was made famous by the hollywood film hotel rwanda. it told the story of how he saved hundreds of lives as a hotel manager during rwanda's 1994 genocide. he then fled into exile and became a vocal critic of rwanda's president. he pledged support for an opposition armed group. prosecutors said he also funded it and ordered attacks. he denied it. most of his coaccused led guilty and their statements were used as evidence against him. the other defendants are now being led onto the prison bus to be taken back to j

paul rusesabagina, who has been in exile in belgium and the united states, says he was kidnapped fr dubait august and taken to rwanda, a charge denied by the government. the president of rwanda says he will bring to justice anyone challenging his country's security. paul rusesabagina's sentencing, he says, will send a clear message to opposition parties, many of them in exile. laura: migrants from haiti who crossed into texas are being sent home by u.s. immigration officials. three planes carrying haitians have landed in haiti's capital port-au-prince. after the recent earthquake, people have been fleeing haiti and thousands camped for days on the u.s.-mexico border. graham subtle reports. reporter: a standoff on the american border with mexico, border patrol officers on horseback blocking the path of migrants trying to get through. some even use ropes. but it is a losing battle and most of the migrants eventually make it through. there are thought to be more than 12,000 now, mainly from haiti, camped out under this bridge on the american side of the border. the conditions squalid, in soa

he has been in exile in belgium in the united states and says that he was kidnapped last gust from dubai to rwanda. a charge denied by the government. the president of rwanda says that he will bring to juice anyone challenging his country's security and that the sentencing will send a clear message. ross: a few minutes, from rwanda to spain to bring you an update on the volcano in the canary islands that has already destroyed 100 homes and forced thousands of residents to evacuate. well, the white house has responded to footage that appears to show border patrol agents using whips against haitian migrants. immigration officials say the haitians have been camped for days under a motorway bridge. here is jen psaki. >> if you are talking about the situation on the ground, it's devastating to watch this footage. it's also important for people to note that what we are trying to do is protect people. we have been conveying that this is not the time to come. we have been working with the red cross to bring in much-needed resources and expediting repatriation flights to a range of countries in s

reporter: rusesabagina was flown from dubai to kigali last year against his will.nda championship government suggested --. observers said that was on of the illegal things that happened in the trial. >> my father was tortured and now they just give him a guilty verdict. the coaccused came on the stand and said they had been coerced and tortured into saying false things against my farther, and the witnesses are. government agents. reporter: rusesabagina was made famous by the hollywood film "hotel rwanda." it told the story of how he saved hundreds of lives as a hotel manager during the 1994 genocide. he then fled into exile and became a vocal critic of rwanda's president paul kagame. a pledge support for an opposition armed group. prosecutor said he also founded and ordered attacks. rusesabagina denied it. most of his coaccused pled guilty and their statements were used as evidence against him. the other defendants are being led onto the prison bus to be taken back to jail. rusesabagina hasn't left jail for the last six months because he has refused to participate

. - he has been in exile in belgium and the united states and says he was kidnapped from dubai last august president said he will bring tojustice anyone challenging his country's security. the sentencing will send a clear message to opposition parties, many of them exile. a bbc investigation has found the uk's ministry of defence compromised the safety of afghan interpreters, because of a serious data breach following the withdawal of western forces from afghanistan. more than 250 people, who are seeking relocation to the uk, were mistakenly copied in to an email, asking for an update on their situation. the uk defence secretary will launch an urgent here is a statistic which lays bare the realities of life in afghanistan: for every 100 people there, only seven will have enough to eat today. and fears are growing that the country will soon be overwhelmed by a humanitarian crisis. the bbc�*sjeremy bowen in is kabul, and he sent this report on conditions there. the struggle to live, to eat, to survive did not end when the shooting stopped. at first light, hundreds of building workers looking

mr rusesabagina has been in exile in belgium and the united states and says he was kidnapped from dubaihe government. rwanda's president said he will bring to justice anyone challenging his country's security. and mr rusesabagina's sentencing will send a clear message to opposition parties, many of them exile. anna these pictures are coming and live. authorities have sped getting people out of their homes. there are concerns that this could release gases into the sea. hundreds of homes have been destroyed so far, at least. it is the first time this in some 50 years. the impact of covid has made it a challenge to return children to schools. so in one village in india they decided to improvise, as the bbc�*s tim allman explains. in this remote village in west bengal there is no internet, not much computers or online learning. the schools have been closed since march last year. but the children here still need to be educated. the high street has become a classroom. blackboards painting onto walls, chemistry lessons taking place in the open air. translation: we are - teaching them everythin

joining me now is arsla jawaid, lead analyst at control risks in dubai. getting very critical now in afghanistan. the military might has been shown but everybody wants to see what the new government looks like. in the meantime, this financial crisis is very difficult to. yes, absolutely. it is a very bleak outlook for the afghani economy. as you mentioned we have seen international aid suspended. notjust from countries like and often nowhere to park up. life in steve's cab over the next few days is not always easy. next few days is not always eas . , , ., , ~ easy. this is our bunk. knickers _ easy. this is our bunk. knickers de's - easy. this is our bunk. knickers de's boss - easy. this is our bunk. knickers de's boss and easy. this is our bunk. - knickers de's boss and has been driving for more than a0 years. he says conditions have worse and he is worried it is putting young people. for and he is worried it is putting young maple-— young people. for about the last 25 years. _ young people. for about the last 25 years. all _ young people. for about the

and cricket is arrive in dubai after bounding that to practise on because of security coming up with joke. ah hello, here's your weather report for the middle east, then we've got plenty of 40 degree temperatures to go round here. let me show you. we're talking about q weights at $41.00 degrees. though we've got you in for 40. there is some whether it's a be found. so we go toward yemen and look at this, popping up towards the higher ground here, may spill into the heat jazz mountains in saudi on monday. and then an onshore breeze is going to keep things about 35 degrees for moscow next up, or go into pockets. they're looking to stay dry in the south karate at 35 degrees, but some what weather could weekends and hor, and islam about right up against the foothills of the himalayas. pretty calm story . no cross turkey, nothing out of the ordinary here is stumble however. temperature is above average with a high of 29 degrees, going through the tropics of africa right now. and we've got a pretty good line of storms for the western portion of the democratic republic of congo rate along t

turned up here just over a year ago in handcuff, he said, and they supposed to say being kidnapped from dubai and brought here on a plane, the raw, the government suggested that he'd been deceived into boarding the plane. and this justice minister did tell out that the government had paid for that plane so murky circumstances and how he got here. they have many supporters to say a breach of his rights, and certainly that compounded waive his fame from that film from the mid to thousands of on a lot of international attention and criticism to this case. indeed, that's markham. what i'm talking to is from kindergarten and welcome. thank you. paul recess a begin his daughter carina can in by told al jazeera, the child is a sham. this burdick means nothing for us. our father was kidnapped, he was dragged across international border in violation of international law, tortured for 4 days, and then denied he's more, he's extreme rights. he was denied access to legal to his chosen representation and denied access to his case file, and then was held in solitary confinement for $215.00 days. that is a

they're stranded in dubai. the government of the state of queensland won't give them exemption. defenders of this country condition return to it. >> not elected politicians are making the decisions but bureaucrats. thank you, gideon. >> thank you, brian. >> i feel for the australians. gavin newsome is nervous and reverting to desperate measures nobody caw coming. that story straight ahead. >> all right, only seven days left until the california recall election. the polls show a real chance to oust the sitting governor gavin newsom. it is not hard to see why gavin newsom is nervous about that possibility. at a rally with elizabeth warren on sunday who admitted he's not very good at his job, in fact, gavin newsom anyone who identifies as a woman would be a better governor than he is. >> women are smarter in politics, smarter and the senate, smarter and economics. women rule! [cheers and applause] man! >> caitlyn jenner, that can be a big boost. gavin newsom to make the case for his removal from office. in seven days, we will see if voters believe in it. that is about it for us ton

i've been meaning for the case and it says each point where they could no longer take agreement in dubai was signed a couple of months ago and some sort of an estimate that was made which gave them some some sort of passion in the business. at least administratively so such and such agreement or such arrangement was supposed to be done in the course did you shouldn't conference usually conference was supposed to be it was him to have and now we are seeing some why that's why that was done here. and a most, most important we see some sort of a violation of the constitution and documents. ringback which were supposed to have pushed for the body that was supposed to be for me. they did 3 months after that. and now it has been like 3 years and it hasn't been formulated. and as a result of seeing some sort over part of that, you know, and voting is underway in germany for one of his most competitive parliamentary elections in years with many saying the outcome is too close to go about for the 1st time since 2000 and fife, this women, the going chance langley merkel is not on the ballot. and a

he has been in - exile in belgium and the united states and says he was kidnapped from dubai last august challenging his country's security. the sentencing will send a clear message to opposition parties, many of them in by isle. this is the canary islands. i will show you exactly where the islanders. the reason i'm doing thatis,if islanders. the reason i'm doing that is, if you are probably aware now, the volcano which is spewing out and it is doing it as we speak still, these extraordinary images. about 100 homes have been destroyed, should point that out as well. but all the leather that has been pumped out there has also persuaded 5000 people to get well out of the way. this is the volcano which has not erupted for 50 years until it started on sunday and the bbc�*s dan johnson started on sunday and the bbc�*s danjohnson is there. homes that once enjoyed views of this island's impressive volcanic landscape are now being smothered under it. the relentless downhill creep of molten lava burns its way through anything it touches. the eruption follows a week of tremors, but nobody has seen

he made it to dubai, but is still stranded. evacuate the people from third country." but it seems now that they have no plan for the third countries. i don't know where to go next. i'm just waiting, every day i'm checking my e—mail to have some good news from the uk government. but i'm not receiving anything now for weeks. there is no reply. nothing. so i don't know what to do next. and i have no idea where to go. ziyad came to see his sick mother and now with his wife and child can't get back to his home and job in wales. he is far from the only one. as you can see my other cousin sitting overthere, i— am going to show him in the camera, he is also a british citizen. _ he's also waiting for that. there is loads of people who is waiting to - just get out from here - and take their family with them. lots of my school mates are here as well. - there's loads of people are stuck. do you feel you have been left behind? of course, because it's notjust one or| two or ten people, there is more than a hundred. | i can't see that the bri

♪ manus: good morning from our middle east headquarters in dubai.om mackenzie alongside me in london hq. let's set your agenda. china's a covering weekends. retail sales crumble as consumers pull back from the face of new covid outbreaks. treasuries hold yesterday's game after lower-than-expected u.s. inflation gives the fed wiggle room. paring back bond purchases. apple debuts the new iphone. a lack of major upgrades push the stock lower. plus. >> this year, we will have recovered to pre-covid-19 levels before the end of the year. we had anticipated it would be 2022 at best. manus: europe's recovery is going better than expected. but risks remain. more on our exclusive conversation with the ecb president this hour. madame lagarde says it's going faster. 5.3%. the bond market took it well. the crack went mad for team transitory. good morning. tom: good morning. where does this year lead? you are sitting in the middle east. will will you put your assets? look to the u.s.. junk bonds in the u.s. yielding less than inflation now, sub 5%. inflation at 5

lisa: which is the reason i dubai the argument, how fragile -- reason i buy the argument, how fragile market? how much are people trying to hedge against this? that shows a vulnerability that might be more telling. jonathan: it took you two hours and 41 minutes does sound relatively bearish. lisa: you want me aplenty, don't worry. jonathan: i will keep trying. that is your promo for tomorrow. do not miss it. lisa: dear lord. ritika: with the first word news, i'm ritika gupta. president biden needs democrats to give them a boost by passing his for trillion dollar economic agenda, but divisions in the party threaten the chances of that happening. democratic progressives and moderates are at odds over the size of the tax and spending package. there is a battle with republicans over raising the debt limit. one of the most contentious issues in brexit, u.k. has extended post brexit grace period for northern ireland. state street has agreed to buy brown brothers investment services. the firm is adding operation. state street says it is promising a pretax margin of 31%. the world's largest b

they're stranded in dubai. the government of the state of queensland won't give them exemption.tralians of this country cannot return to the country. >> not elected politicians are making the decisions but bureaucrats. which makes it all so scary. gideon >> thank you, brian. , thank you so much. >> i feel for the australians. gavin newsome is nervous and reverting to desperate measures nobody saw coming. that story straight ahead. . narrator: eva-marie smoked 12,000 packs of cigarettes over 15 years. she quit and now there's a new lung cancer screening that could save her life. you stopped smoking. now start screening. no matter how much you smoked, early detection could save you. talk to your doctor or learn more at savedbythescan.org >> brian: all right, only seven days left until the california recall election. the polls show a real chance to oust the sitting governor gavin newsom. it is not. hard to see why gavin newsom is nervous about that possibility. at a rally with elizabeth warren on sunday whoit admitted he's nt very good at his job, in fact, gavin newsom anyone who i

of countries being left behind with the most progressive being taken in places like singapore and dubaire will be an absolute shame for australia if we don't take this bull by the horns and come forward with something tailored to the aspects of cryptocurrency and decentralized finance. when we look over neighbors in singapore and see how they have embraced the community to work with them and put forward and come up with forward-looking ideas. we are heartened, because we know the committee members in that panel have been very much engaged with the community and taking all of these into consideration. it is optimism that we look at what to come in october with the upcoming report. do you have -- shery: do you have a sense of optimism looking at investor behavior in australia? what is sticking out? >> on the theme about regulation, 28% say one of the biggest regulations they face is lack of regulation locally. that is having a knock on effect in terms of the profits, etf's and so forth still not possible in cryptocurrency, but also financial vices. -- financial advisors. they cannot advis

yvonne: jeff brown, vice president of energy consulting firm fte, joining us from dubai -- energy consultingirm fge. this is bloomberg. ♪ yvonne: here's your latest business flash headlines. bloomberg sources say into it is in talks to by malechimp, which offers digital markets including -- digital marketing services including automation products. intuit is the software company that owns triple tech. netgear rising in hong kong after reporting results that rivaled estimates. the firms are revenue of 3.1 million in the second quarter, but -- with online game services accounting for almost 2/3 of that. morgan stanley boosting pay for the second time in a month. our sources say the firm bumped base pay for junior bankers to 100 $10,000 in march. it will now also cover first-year staff in the trading condition. the rivalry is intense these days. david: it really is, but that is only if you are looking within the u.s. because if you want a bit more moolah, you have to look at these quant funds and you have to be looking at china because they are paying multiples. this whole debate is if it is at

have all had such a difficult year last year, so it is great that people now think they can head to dubaippen at this time of year is we would often take a short city breaks and previously if you had to take two tests to come home and then a test after day to going to paris for the weekend or berlin for a couple of nights might not have been something that was possible, whereas now people are heading to crack off and roam again. —— they are heading to krakow as well. so it is good people are trying to go to new places and head for someone new, so there are some good deals on offer as well. i think we all deserve a little bit of a break and a bit of an opportunity just to stretch our legs, lay out on a beach, grab a cocktail and enjoy some sun right through the winter. you said there are some good deals out there, but have you also prices up out there, but have you also prices up on some holidays? ida. out there, but have you also prices up on some holidays?— out there, but have you also prices up on some holidays? no, there is a lot of capacity. _ up on some holidays? no, there is a lot o

i have been to south africa, dubai. i can't count the number of times i've been to monaco.ously this is daniel craig's last i let'sjust go with it. obviously. this is daniel craig's last james this is daniel craig's lastjames bond film. is this it for you now? we don't know who the next bond is going to be. we don't know who the next bond is going to be— going to be. who knows. it will robabl going to be. who knows. it will probably taper _ going to be. who knows. it will probably taper off. _ going to be. who knows. it will probably taper off. they - going to be. who knows. it will probably taper off. they have i going to be. who knows. it will. probably taper off. they have not announced till the next james probably taper off. they have not announced till the nextjames bond will be. so i might have a few more events in the locker. but i can't complain. 14 years as probably one of the best—known iconic spies in the world. it's a pretty good thing to archly have. pond the world. it's a pretty good thing to archly have.— the world. it's a pretty good thing to archly have. an

the uae, abu dhabi, dubai, they need to be committed at the highest levels of our government becausenched so far over their wait, unbelievable. it's a fantastic ally of ours in the gulf region. >> shannon: truly the veterans and i'm hearing from networks of former special operators and others like you who served. they do not want to the people that we promised who stood up and helped us and fought alongside us to be left behind and feel abandoned. not only americans but the allies who will certainly be in the crosshairs of the taliban. but you hear the concerns. state department will say we are trying to expedite these things but we have no way to vet these people. you hear lawmakers in the last piece concerned about who's coming here. how do we balance it with the work you're trying to do? >> to be crystal clear, i'm able to do this interview. i am still alive because my life was saved by afghans. as a nation we have a moral obligation to fulfill our word. we set if they helped us we would help them. it's a moral obligation. however, we have a sacred duty to make sure that all of ou

this week accused of transferring money on behalf of his uncle hijackers working computer tech in dubai. the fifth auto divide prisoner in court this week mustafa another saudi accused of planning the 9/11 attacks. all captured in pakistan, transferred to gitmo 15 years ago. judge mccaul says he is under zero pressure to rush these cases to trial as the 20th anniversary of the 9/11 attacks looms. shannon? >> shannon: lucas tomlinson in gitmo. thank you, lucas. supreme court justices will return to the actual courtroom next month for the first time in more than a year and a half. the court says oral arguments scheduled for october through december will be in person, but, not open to the public. lawyers have been presenting their cases other the telephone because of the pandemic. audio of the sessions will still be available live. up next, the president says he has a new plan to deal with the coronavirus resurgence. we'll get a preview. first, here is what some of our fox affiliates around the country are covering tonight. fox richmond where crowds cheered as a statue of general robert e.