ed: public.rk for the department of congress so we work across the -- inside the department of commerce, so we work across the public safety spectrum. including the federal government side of the house too. peter: what is your earlier -- your yearly funding and what is the contact worth to at&t? ed: it's a 25-year contract, in the region of $47 billion. one of the largest, if not the largest public-private partnership in united states history and i think it's safe to say it's been one of the most successful. our operating budget is $80 million. we have a little over 200 staff in reston, virginia, and also a team in boulder, colorado, working with public safety in the states. peter: so ed parkinson, 2012, 2017. you mentioned those two years. anything online yet from firstnet authority? ed: there is. we're online in every state. and 1,000 agencies have signed up for firstnet. it's an extraordinary amount of growth in a relatively short period of time. you go back to 2017, all those numbers were zer

angela reyna has written an op-ed in the guardian, | written an op—ed in the guardian, the soria in theing because we've had all their psychodrama, this was minister bubble stuff going on over the weekend where labour obviously had a poor showing in the early results in the local elections and in the hartlepool by election. the next day had more promising results with manchester, liverpool, west, london andindeed manchester, liverpool, west, london and indeed surprising signs of recovery red roots, if you like. and it wails a course labour had really good results. yet it was kind of overshadowed by this internal fighting between keir starmer and his office and angela rayner. in the herd she's been sacked and then heard she was promoted. she’s herd she's been sacked and then heard she was promoted. she's got a lot of “obs heard she was promoted. she's got a lot of jobs now _ heard she was promoted. she's got a lot of jobs now. titles. _ heard she was promoted. she's got a lot of jobs now. titles. however, - lot of jobs now. titles. however, everyone's _ lot of jobs now. titles. however,

hendle >> peart, ed, balad to be here. have you talked about the way the first net and the years of development leading to this how's the pandemic changed the how does that change what you do from day-to-day, week to week when thinking about the me work. >> i think it's safe to say the pandemic has changed everything for everyone and going into 2020 when we first started seeing reports coming out of the far east about the virus, high might that impact things. sure enough, march 16, march 17, we were in the office one day, out of the office the other. they couldn't leave their posts and as such they've been on the front line this whole time. we, my team. we've been 100% remote since the point when covid started hitting us. but we've been on the front lines and how public safety can learn from one another. and throughout the 2020, year, an exacts example of why something like first net is needed. hurricane laura stormed through lions. that's when first net first o.ed. now covid response and in vaccine testing and vaccine dis

veterans are reaching out to each other and when ed m. lee apartments is a place of hope and peace and you can't underestimate any one of those factors in the success of this place in just one year. [applause] >> okay. margie. give it up for margie. i forgot your dog's name? is it bear? >> "little bear." >> hi everybody. little bear. yes. i heard 17 billion and i went, "oh, wow." yes. let me say first, this is beauty. this is what i see every day from that window and it makes me feel good. i live in an apartment that's brand new. i'm safe and i'm happy. i represent the veterans here and i live with families as well. this is our hamlet and management here looks out for us and encourages us to communicate with each other and become part of society again. coming from the streets into a new apartment can take awhile to get used to. but to know that now i can make my own breakfast. i can get up when i want. i can sleep when i want. and i feel safe. that's huge. do you know what it's like when someone rings your doorbell now? i'm sure you all k

to tomorrow being mayor ed lee's birthday. may also marks the month of api heritage month and it also marks affordable housing month. i want to call out the affordable housing month in particular. right here we have a through line of champions from the local to the state to the federal and they've been champions for the entirety of their career. that starts with mayor lee. many people look at mayor lee, but to me one of his most important legacies was how he brought affordable housing into the main stream of san francisco and made it critical for the city to do and he reintroduced that concept to us and this mayor mayor breed has passed it and now she's incorporating affordable housing into the capital plan make interesting part of the infrastructure which brings us to our next and most amazing champion speaker nancy pelosi also shepherding the infrastructure act in congress that will also incorporate affordable housing into the infrastructure of the nation. i wanted to say it started here in san francisco, mayor breed, your w

ed silverman? >> i don't have anything to suggest that we should be looking at that product to treat covid. i don't recall reading any medical literature that indicated that there's evidence to that effect. >> but you have written about remdesivir. so specifically, what does that drug do? remdesivir is developed by gilead science, known in the industry as an anti-viral company. they develop treatment for very widespread infections, diseases such as hepatitis c and hiv/aids and remdesivir is a product they were testing earlier for ebola virus and decided, the company decided to try it for covid-19 and the testing determined that it could help some patients who had contracted the virus. so it's not a preventative tool though, it's a therapeutic and there's been some back and forth debate about the extent of the effectiveness over the years, over the past year, but the fda did get out early and authorize emergency use for the product and later the world health organization seemed to be contradictory,

case ed says, he in the family never thought they would be guilty.eal, she turned it down. and chose to go to trial. >> i was convinced she had done it. >> coming up, jurors had their doubts. >> surely skinner did she look like someone who could commit that type of crime? >> honestly, no. as a matter of fact, when i walked in there, i really thought she was one of the attorneys. i had no idea she was actually the one who was on trial. when dateline continues. dateline continues. now, simparica trio simplifies protection. ticks and fleas? see ya! heartworm disease? no way! simparica trio is the first chewable that delivers all this protection. and simparica trio is demonstrated safe for puppies. it's simple: go with simparica trio. this drug class has been associated with neurologic adverse reactions, including seizures; use with caution in dogs with a history of these disorders. protect him with all your heart. simparica trio. with less moderate-to-severe eczema why hide your skin if you can help heal your skin from within. with dupixent adults saw l

do you know that, ed?n show was scripted, so they put a lot more thought into it. >> we will attempt to bounce from the springboard with a triple double and a half somersault. >> the prime time show was very different. it was more of a parental variety review, although just as wacky as the "tonight" show. >> when my father stepped down from the "tonight" show to focus on his prime time show, nbc didn't think the show could continue without him. >> but they tapped another guy who was definitely born to do television named ernie kovacs. >> when someone leaves, it's not easy to fit into their shoes. >> and what do you do, mr. klein? >> i really feel we shouldn't waste too much time. >> greatest hidden gem of late night, no question about it, ernie kovacs. there was some funky, freaky, hallucinogenic stuff that went on in early late night television. >> what got me interested in comedy? w well, i have an indelible memory of the first thing i really saw that seemed like tv was a thing i needed to keep watching

it -- it's a very important op-ed for a very specific reason. the minority leader is saying that this is a political matter. and cheney is saying that this is a constitutional matter. a matter of the rule of law. and that can't be papered over. it can't be ignored. it can't be forgotten. we do have one party that refuses to accept results it doesn't like, from national elections. that is a recipe for democratic disorder. and that's the point she is making. sh she's making a substantive point. while all the other -- all of her colleagues seem to be making political points. >> you wrote a recent op-ed in "the washington post" saying, knowingly repeating a lie, an act of immorality, is now the evidence of republican fidelity. that is -- i mean, it's absolutely true. and it's -- it's extraordinary that we're in this situation, now. i mean, anybody who cares about a functioning democracy, should want there to be two-functioning parties, that are fact based and can argue all they want over big ideas. but they have to agree on certain, basic concepts o

well, i don't want to get hit, you know, so. >> got in a feud with ed sullivan. >> ed sullivan has saidrks about me in the last couple of days. >> he took offense at some comments that a columnist had made about him. >> i can't very well attack him. there is nothing to attack. but i imagine mr. windchill sitting there making notes with his crayon. >> jack paar is like, i'm interesting, i'm neurotic, i'm high strung. i'm emotional. >> when you did the show, it was all hell could break loose, and very often did. >> yes. >> and -- >> what was that? >> ladies and gentlemen of the jury, if you take a look at this bit of evidence, jack, describe what is transpiring here. >> well, obviously, i'm leaving. >> yeah. >> in 1960, jack paar was telling a story to the audience. a somewhat-risque story. >> this lady was wanting to know where the wc was, which is short for water closet. which means bathroom. >> now, how shocking is that today? >> they censored it and they knew not what they did. >> then, they admitted that they had made a mistake. and i said, then if you made a mistake, you should admi

our guest this week is ed parkinson who is ceo of firstnet authority. now, what kind of roadblocks or difficulties has 5g created in the buildout? >> guest: i wouldn't say roadblocks. i would almost spin that are bound and called more opportunities. there's a balance when asked to strike in terms of where public safety sits. the opportunities of 4g lte in 2007 were unknown and all of a sudden you saw these incredible companies being born out of the ingenuity of the marketplace. as we approach 5g for taking a similar approach. we have a team in her organization that is engage with industries to understand what type of opportunities exist in the commercial marketplace as 5g comes online. engaging, having relationships with industry players, having a strong working relationship while the at&t accountable is fundamental to the success of firstnet. it it's understand the type its 5g will have in the public safety community. when youhi think of smart fire stations, smart police stations come understanding you will have live streaming videos come directly from

ed ludlow is in san francisco with us with a special guest. ed?d: i'm delighted to be joined by the ceo, henrik fisker, fresh off the earnings call. the biggest take away from that call was you gave a specific date to the start of production are november 17, 2022. how can you possibly know when your start of production date is coming down to the day, 18 months in advance? henrik: because that is how you plan with the -- when you work like a company like this where all the processes have been developed over tens of years. it produces bmw's, other cars like toyota. they have clear processes. we have it down to the day when start of production happens. that is probably different from other ev startups quite frankly. i think that is why we are undervalued now. but that's ok. we are here to deliver. and so far we have. ed: you are essentially a pre-revenue company. this is a progress report for investors. you seem to have been making a lot of progress with suppliers and the components on battery sales. who is supplying your battery sales and how happy

ed: money and practice.launch business tops out at about $3 billion of revenue each year. starlink could get as much as $30 billion each year. his central goal is interplanetary travel. he does not care about the small things. it is about funding that human mission to another planet. it is also good practice. falcon 9 carries astronauts to the space station. if you want to test how long those rockets can last and reuse them, you don't do it when there are people on board. you do it with the starlink satellite. it is a proving ground for their tech. emily: let's talk about getting people on board. blue origin said they plan to get the first human to space in july. spacex has not happened yet. spacex seems to have been moving so much more quickly than blue origin. why is it taking so long? ed: spacex has the relationship with nasa. they really got in early with the commercial contract to take astronauts to the international space station and bring them back safely. they have done it twice. that is something th

ed: what about spac's? been attention on stocks and focus on automotive and automotive technology sectors. is an option for you? >> it is. there are different takes on it. it is not a new instrument. it is democratizing early-stage investment to every investor, and i think spac's are a useful route that a lot of companies can take advantage of the public markets in the capital available. it is allowing an investor access to transformative companies, like hopefully our company someday, and others, where those may have not been available in the past. the key with a spac, it is important that folks are upfront about realistic projections when they go out and speak to the market. it is important those investors understand what they are getting into. emily: that is the ceo of argo speaking with ed ludlow. you can catch more online. coming up, is dogecoin gaining, as elon musk prepares for his snl debut or is there more that meets the eye? we will discuss next. ♪ i think folks when they come into the space, i thi

to tomorrow being mayor ed lee's birthday. may also marks the month of api heritage month and it also marks affordable housing month. i want to call out the affordable housing month in particular. right here we have a through line of champions from the local to the state to the federal and they've been champions for the entirety of their career. that starts with mayor lee. many people look at mayor lee, but to me one of his most important legacies was how he brought affordable housing into the main stream of san francisco and made it critical for the city to do and he reintroduced that concept to us and this mayor mayor breed has passed it and now she's incorporating affordable housing into the capital plan make interesting part of the infrastructure which brings us to our next and most amazing champion speaker nancy pelosi also shepherding the infrastructure act in congress that will also incorporate affordable housing into the infrastructure of the nation. i wanted to say it started here in san francisco, mayor breed, your w

ed silverman?st: i do not have anything to suggest that we should be looking at that product to treat covid. i do not recall reading any medical literature that has indicated that there is evidence to that effect. host: but you have written about remdesivir. what does that drug do? guest: remdesivir is developed by alien sciences known in the industry as an antiviral company. they develop treatments for very widespread infectious diseases like hepatitis c and hiv-aids. remdesivir is a product that was tested earlier for the ebola virus. the company tried it for covid-19, and it testing determined it could help some patients who had contracted the virus. it is not a preventative tool, but it is a therapeutic. there has been some back-and-forth debate about the extent of its effectiveness over the years -- over the past year -- but the fda did get out early and authorize emergency use for the product. the who seemed to be contradictory, but remdesivir is now widely used in many countries around the w

and for years ed sullivan has been clobbering incomes.lan we'd like you to go up against the ed sullivan show on clbs. >> there are some people who don't know steve allan is on at this time. >> they put a lot more thought into it. it was scripted. >> the springboard with a triple double and a halfsum ever assau. >> it was more of a presentational review. >> though just as wacky as the tonight show. >> when my father stepped down from the tonight tonight show to focus on his prime-time show nbc didn't think the show could continue without him. but they tapped another guy who was definitely born to do television named ernie kovacs. >> when someone leaves it's not easy to fill their shoes. >> what do you do? >> i feel we shouldn't waste much time. >> ernie kovacs. there was some funky, freaky hallucinogenic stuff that went on in early late night television. >> got me interested in kmoe di? well, they have an intellable memory of the first thing i saw that really seemed like tv was the thing i needed to keep watching, which was he did a drawi

ed: we do not know definitively. money where his mouth is with tesla and they made $100 million of profit from their bitcoin investments and trimming by 10%. he has said he wishes he got into several different cryptocurrencies earlier. at the same time he has said he is excited about cryptocurrency, but people should invest with caution. he does not have an effective -- we do not know if s&l reached out to him or he reached out to snl. alix: to that point, i have a hard time thinking his communications team was like this is a great idea. we have to watch what you say on twitter but you should definitely go lightly scripted into snl. if his tweets are so heavily scrutinized from the sec, what will happen when you unleash it? that is insane? ed: i have sat through a lot of elon musk earnings balls and i think back to factory -- elon musk earning calls and i think to factory date last year. elon musk does have a tendency to go off script. he will often interrupt other executives. you start your earnings call, the ceo re

ed: let's get back to the conference.eraged lending is the focus, although you are also talking about m&a and various other things. as these companies that have gone into the pandemic in a lesson state have obviously survived, how do they move on from the getting through it mode to be being back on the front foot? christina: we were very pleased to see our conference participation rate go up this year. we had 82 companies, 1300 participants, over 1001-on-one -- over 1000 one-on-one meetings. the tone was very positive. i think those companies are somewhat on the sidelines through the pandemic because obviously, retail or facility based companies are very front foot it now. we are thinking about the future and the opening of the economies. so we see a tremendous amount of positive momentum and companies raising capital now not just for liquidity, but for growth. that is very exciting for someone with a business on top of a leveraged finance franchise because we see the business becoming very front footed. guy: as we wrap t

ed ludlow, check out more on bloomberg from ed and the team.or joining us on this edition of "bloomberg technology." tuesday, we will hear from the ceo of vimeo after her company starts trading in its ipo. tune in for that. i am emily chang in san francisco. this is bloomberg. ♪ manus: this is "bloomberg daybreak: middle east." yousef: officials push back against inflation fears paragraph al bostic, james bullard, and brainard reiterate that it should only be temporary. manus: elon musk supports an effort by miners to make their operations greener and ray dalio says he would rather

ed ludlow has the full picture. ed: a real change of direction toward the end of tuesday session. we started brightly with tech stocks leading the way. investor psychology changed. the focus on rising inflation, rising commodity prices, away from what happens when the economy reopens. the s&p 500 main gauge of u.s. equities took a drop in the last 15 minutes. no one was spared. the tech heavy nasdaq 100 index declined. this etf, this ev and autonomous vehicle related stock, had been significantly higher and fellow way to the session. semiconductors also involved in the selloff. flew about the board and it is interesting. i want to focus on the semiconductors. joe biden was focused on that. he was giving a fighting talk about the -- about what the united states would do. choppy trading on the philadelphia semiconductor, as they gauge a chip stocks over the last three months. ev stocks did remain higher. lots of talks from the president about investing in ev's, about what he can do as president to drive the advanced. tesla closing at 2/10 of 1%. impressive gains on these ev stocks.

then we have to prep the actual ed sullivan theater.cifically, we gotta clear out the rats down there who've been hosting their own show. of course -- hanks is great with everybody. of course, this is all part of new york reopening. we're just the first theater on brodway to come back full steam. and new york mayor bill de blasio took note. >> we just got some great news about one of our favorite people, stephen colbert. "a late show with stephen colbert" will be resuming with a live audience at the ed sullivan theater on june 14th. full audience, full audience of vaccinated folks enjoying one of the great comedians of our time. >> stephen: is dave chappelle coming on? he mns me? oh. oh, me. he should see more comedians. if you are vaccinated, and you would like to attend the first night back for the late show, tickets are available right he at this link right now. as i said, for all of us to be together safely, everyone in the audience will have to be fully vaccinated. it's like no glove, no love. no pokes, no jokes. no needle, no live

host: hawaii democrat congressman ed democratic ed case joins us now, a member that -- where 80% of constituents can trace their heritage to asia or the pacific islands and congressman, first explain the significance of this week of congress passing bills to condemn and can bat hate crimes against asian and pacific islander's. well >> first of all, good morning and aloha to everybody listening. i appreciate the time to be on. that this was a very important and very moving week. asian americans in our country have had a long and incredible history throughout our country of contribution, of sacrifice, of moving the generations forward, of contributing to the overall health and welfare of our country and yet, they have suffered from continuing discrimination, continuing hate up to and including violence and death. and certainly in my district, you pointed out, i have the highest asian american population of any of the 435 congressional districts, close to 80% of the folks that i represent have their heritage in asia and the pacific. and there are many in the country who share that heritage and the

ed: there should be no position on intellectual property protection. who do not think, they are living in a dinner third universe, and it should always be robust, most of us don't want to live in that, so in the real world, we will have trade-offs between the incentives to innovate and the rewards you get from innovation, but also on occasion such as this one, and overriding public interest in waving intellectual property protection. the details of what joe biden is proposing are not clear. if you look at the original demand from india and south africa, that is a sweeping proposal, not just pfizer, not just mrna, astrazeneca's traditional vaccine, but sweeping, across-the-board of all the equipment and ecosystems around it. i don't think joe biden is proposing that. even if he were, i don't think that is what would come through a wto consensus-building process. so i think the companies that ought to be most concerned about whether this will hit the bottom line, probably moderna, pfizer, and the big suppliers. steve: i think part of the framing of this

ed: a stargazer. robert: i was a celestial navigator, which is by told to interrogators, as well as not smart enough to know anything about the airplane. i went to now -- to navigator school and then the class was ranked and got to choose the next thing. there were choices, go straight into flying f fours, right seat efflandt 11th, kc 130 five tankers and see 140 ones or c-130s or other airframes. or you could choose to go to either one of the two advanced schools as an electronic warfare officer or radar navigator bombardier. i chose to go radar navigator route which would put me into heavy bombers. rather than other airplanes. navigator training was nine months long and school was about six months. at the end of that, it was all b-52s because the b-1 had not come out yet. we were able to select bases, i selected arkansas where my closest friend was stationed in kc 135's. from there, the next thing we did was go to fairchild air force base for survival school. ed: what state is that in? robert: washi

to tomorrow being mayor ed lee's birthday.rks the month of api heritage month and it also marks affordable housing month. i want to call out the affordable housing month in particular. right here we have a through line of champions from the local to the state to the federal and they've been champions for the entirety of their career. that starts with mayor lee. many people look at mayor lee, but to me one of his most important legacies was how he brought affordable housing into the main stream of san francisco and made it critical for the city to do and he reintroduced that concept to us and this mayor mayor breed has passed it and now she's incorporating affordable housing into the capital plan make interesting part of the infrastructure which brings us to our next and most amazing champion speaker nancy pelosi also shepherding the infrastructure act in congress that will also incorporate affordable housing into the infrastructure of the nation. i wanted to say it started here in san francisco, mayor breed, your work is resin

this chapter ed said the stockr market is facing higher rates, higher inflation and higher h taxes.those threats at all, do you disagree with the threats or when might the stock market focus on the threats? >> i think the market, right now a lot of those issues you bring up, earning has been phenomenally strong and for example the first quarter instead of being around 20% in simply 40% on a year-over-year basis, their earnings story is phenomenally good and profit margins continue to expand which is a clear sign despite of the cost increases that we seen only rothat could happen before the pandemic there was a shortage of workers coming out of the pandemic a shortage of workers, there is a structural problem, we just don't have enough growth in the labor force. businesses are very good and i think companies are rise to the occasion and they'll use the technology that is out there to increase productivity with. larry: we have to go, profits really are the mothers ♪ ♪ stock, profits are really the key it's a single fundamental in favor of the stock market rally, that's what i hear fro

so i would imagine there will he _ ed had. so i would imagine there will he a — ed had. _ this evening. as you quite rightly point out, — this evening. as you quite rightly point out, three points will all but secure _ point out, three points will all but secure a _ point out, three points will all but secure a place in the top four to qualify— secure a place in the top four to qualify for— secure a place in the top four to qualify for the champions league for next season. they could win the champions _ next season. they could win the champions league still but they would _ champions league still but they would not want to rest on qualification by having to beat city again _ qualification by having to beat city again so — qualification by having to beat city again. so some of they will want a top four— again. so some of they will want a top four finish.— again. so some of they will want a top four finish. what do you make of the contrasting _ top four finish. what do you make of the contrasting seasons _ top four finish. what do you make of the contrasting seasons they -

ed hammond was not.ls reporter joins us now, that at&t in talks with discovery what -- with discovery. what did you learn? ed: we learned they are in talks, which is the most important that. it seems to be going quickly. we expect the announcement, probably premarket, that these companies are combining content assets. it will essentially be the warner business, which is the content piece of what they acquired through the time warner merger, is coming out of at&t, which makes sense, because it has been a disaster for them. according to a lot of people who worked there, they have stripped the dna out of it, so the business does not really fit them. they will spin that out and it will essentially merge with discovery, and my guess at this point -- just speculation -- as some part of that, there will be a cash payment to at&t, because at&t needs cash. they need to pay down debt, pay down dividends, and they will not get rid of this asset just for stock in a new company. jonathan: you sent everyone scrambling

ed silverman? >> i don't have anything to suggest that we should be looking at that product to treat covid-19. i don't recall reading any medical literature that's indicated that there's evidence to that effect. >> but you have written about remdesivir. so specifically, what does that drug do? >> remdesivir is developed by gilead sciences, which is known in the industry as an antiviral company. they develop treatments for very widespread infectious diseases such as hepatitis c, hiv/aids. remdesivir is a product they had been testing earlier for ebola virus. and the company decided to try it for covid-19. and the testing determined that it could help some patients who had contracted the virus. so it's not a preventive tool, though. it's a therapeutic. there's been some back and forth debate about the extent of its effectiveness over the years, over the past year. but the fda did get out early and authorize emergency use for the product. later, the world health organization seemed to be contradictory

ed ludlow, check out more on bloomberg from ed and the team.oining us on this edition of "bloomberg technology." tuesday, we will hear from the ceo of vimeo after her company starts trading in its ipo. statement for that. i am emily chang in san francisco. 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. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. >> very good morning and welcome to daybreak australia. sophie: we are counting down to asia's major market open. >> good evening from bloomberg's headquarters, and new york i'm shery ahn. technologies shares lead shares as inflation shares are easing.

, exclusively eds.e two extremes. and it comes to eds, this _ covering the two extremes. and it comes to eds, this is - it comes to eds, this is obviously a very big growth area. especially in the uk when there is a 2030 deadline for phasing out combustion engines. what can you as a very focused company bring to all of this? it a lot, actually.— it a lot, actually. what we have seen _ it a lot, actually. what we have seen happen - it a lot, actually. what we have seen happen over. it a lot, actually. what we l have seen happen over the it a lot, actually. what we - have seen happen over the last five years as the oems get themselves into a mess because they are the old oil tanker, they are the old oil tanker, they take a lot of stopping and turning around and they have had to make a lot of changes to theirfundamental had to make a lot of changes to their fundamental core principles when it comes to design and engineering. their programmes take many, many years to plan and that's why you see a lot of the

ed a husseini -- ed al-hussainy is with columbia threadneedle, and joins us this morning.our note, you speak of inflation dynamics, which is a real mature idea speaking of the complexities forward. everyone is talking simplistically about inflation. telus the complexity of inflation dynamics as you look to the end of the year. ed: thanks again. i think you can kind of split inflation in two stories. one is psychology. the other is power. the psychology really connects to the expectations component. it is what the fed is trying to drive over the medium. our expectations are little too low for some of the target. the power aspect is the dynamics in the labor market, the dynamics and supply markets right now, where things are just not connecting. we have significant frictions across those markets, and those frictions will take some time to resolve, and i think there's a debate to be had in terms of how long those will take to resolve. what in the background, we have the fed essentially targeting not inflation at the moment, but the price level. it put a temporary place level

david layton, partners group co-ceo and deals reporter ed hammond. coming up on the program, we will speak with the ceo of an amusement park operator cedar fire about reopening amid the pandemic. they run some of the biggest parks in the midwest. cedar point and kings island, these were like dream destinations for me as a kid. now, you may be able to go back. richard zimmerman joins us next. this is bloomberg. ♪ this is bloomberg. ♪ matt: this is "bloomberg markets," i am matt miller. amusement park operator cedar fire reported earnings today after have for -- having no operating days in the first quarter due to the pandemic. clearly it was difficult. joining us to discuss the optimism ahead in reopening is the cedar fair president and ceo, richard zimmerman. thank you for joining us. i grew up sailing boats out of cedar point, so writing the gemini, the corkscrew was always the highlight of my summer. then, when we could get down to kings island in cincinnati, that was an absolute dream. are these parks going to reopen and get back to full capacity

of higher ed at that. i teach the american revolution at harvard offering the first lecture course on the subject in decades, which is a story in itself. and in that class i aim to share cutting-edge scholarship much of it on the violence of the revolutionary war, which was our first civil war and on the ways that the american founding was shot through with the histories of slavery and dispossession, but i also mean for students to take up the work of the american revolution as a fragile and ongoing project for which their generation bears ultimate responsibility. and in many ways, it's that work and the sense that higher ed needs fresh thinking about its responsibilities to primary and secondary ed that brought me to educating for american democracy along with michelle as a scholar. i'm interested in what we might call the civic humanities deeply researched complex and verifiably true stories told with a lot of why with explicit civic purpose. um, we need to acknowledge as yoni said that we hold this disc

you wrote an op-ed.alk about that and why shootings in new york are up 200%, we will talk about it when we come right back. stay with us.e ♪ ♪ ♪ ♪ yum yum yum yum yum yum yum ♪ ♪ yum yum yum yum yum yum ♪ ♪ yum yum yum yum yuuum yum yum yum yum yum yum yuuum ♪ ♪ yum ♪ ♪ yum yum (clap, clap) yum yum (clap) yum yum ♪ i've got moderate to severe plaque psoriasis. now, there's skyrizi. with skyrizi, 3 out of 4 people achieved 90% clearer skin at 4 months, after just 2 doses. skyrizi may increase your risk of infections and lower your ability to fight them. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or symptoms such as fevers, sweats, chills, muscle aches, or coughs or if you plan to or recently received a vaccine. ♪ nothing is everything ♪ now is the time to ask your dermatologist about skyrizi. ♪ ♪ ♪ maria: welcome back, and we are back with former house speaker newt gingrich, newt, i want to get your take on the push for free an

end of the talk with the the board by ed note the bullish though. i don't use it by its yasna still complete its own. with its own. post it knew. there wouldn't be. so in there for. their eyes. it. does not open which is what this. sort. the room floated a little. he's a little strange about it leisurely. over. to. me. if. you want to look at him and then we do but it's not a good look at a man who did much good for the company. if. he's good. on the canvas or do know this is true and this is the stuff i change is just a good deed to send me hell should be good system that doesn't occur this isn't new this movie if a good books are stupid to keep it in a really good who still are somewhat used to it it's orson. crystal who's who in. clerks and. it will still work. this is. when he says if you think. that. this is important for. the last 5. years apart from texas is still disease for. most of. them. there. are those that could. sign you sometimes. just the fates of close to 10. of them seem to concepts much. because it consists of the 2 months ago it

to tomorrow being mayor ed lee's birthday.th and it also marks affordable housing month. i want to call out the affordable housing month in particular. right here we have a through line of champions from the local to the state to the federal and they've been champions for the entirety of their career. that starts with mayor lee. many people look at mayor lee, but to me one of his most important legacies was how he brought affordable housing into the main stream of san francisco and made it critical for the city to do and he reintroduced that concept to us and this mayor mayor breed has passed it and now she's incorporating affordable housing into the capital plan make interesting part of the infrastructure which brings us to our next and most amazing champion speaker nancy pelosi also shepherding the infrastructure act in congress that will also incorporate affordable housing into the infrastructure of the nation. i wanted to say it started here in san francisco, mayor breed, your work is resinating throughout the country and

our thanks to ed ludlow.unning us more -- joining us for more counsel island venture founding partner nick carter. what is bitcoins plan? what is the roadmap to transitioning to proof of stake system and longer relying on computationally intensive mining? >> bitcoin does not have a plan because it has no leader. when individuals or firms have tried to commandeer bitcoin, they have not been successful. bitcoin has no plan. the consensus in the community to the extent it exists is -- the proof of stake is not a desirable alternative. romaine: some people reading between the lines of what elon musk said seem to suggest maybe he is eyeing an alternative. are there alternatives? >> there are certainly many other systems that purport to do the same thing bitcoin does. there are many clones of bitcoin and many blockchain 3.0 and so on. in my view, none of them have proven to be sufficiently decentralized. if you pull the proof of work element out of bitcoin, you get something completely different. a lot of bitcoiner

cbs' ed o'keefe is at the white house with more on president biden's involvement in the agreement. but first, we want to go to cbs' holly williams. she's going to lead off coverage tonight from tel aviv. good evening, holly. >> reporter: well, norah, the palestinian side told cbs news tonight that the cease fire would begin at 2:00 a.m. local time. but leading up to that, there were reports of both rocket fire from the gaza strip and israeli airstrikes. the cease fire couldn't come soon enough for the people of this region. in gaza today, they again searched through the rubble for survivors. and buried more of their dead.d. there's be there's been intense pressure to stop the fighting. today, the white house said it's engaged more than 80 times with the israelis, the palestinian authority and others in the region. in the last 24 hours, hamas, the palestinian group that america regards as a terrorist organization, signaled openness to a cease fire. with gaza in a humanitarian crisis, foreign journalists haven't been allowed in. the israeli authorities saying it's too dangerous. for

ed bastian, ceo of delta airlines joins us exclusively this morning. ed, good to have you.award for best airline with satisfaction. so congrats, and thanks for being with us. >> well, thanks, poppy. it's good to be with you. exciting to be here in the airport and we're getting ready for a very busy memorial day travel weekend. a lot of people are out traveling in well over a year. we're thrilled to be able to take them on the award-winning airline throughout north america. >> ed, you know, airbnb ceo told me just a few days ago that he thinks we're about to see the biggest travel boom since world war ii. do you think so as well? >> i think so. i think so. when you think about how much people have put off over the last year and a half, seeing family, events, weddings, opportunities, and everyone took for granted travel maybe a little bit too much over the last number of years. and now i think people are going to be really appreciating it and seeking to take advantage of it more than ever. not just in the u.s. hopefully when we get the international borders, it will be great,

matt: that was the softbank coo of we work, marcelo claure, speaking with ed hammond.tinue to tune in for the bloomberg businessweek event. tomorrow we will speak to a-rod and kathy wood, raphael bostic and more. this is bloomberg. ♪ amanda: welcome to bloomberg markets, i meddling. matt: i'm matt miller. here are the top stories we are following for you. the united states biggest fuel system, the colonial pipeline, is experiencing network issues, leaving customers unable to access yule shipments -- fuel shipments. plus, u.s. housing stars -- trail on supply chain constraints. we will discuss with daniel hale of realtor.com. and, the battle for streaming content. we talked to the ceo of the company behind projects on netflix and hulu about the future of media. amanda? amanda: matt, a bit of a mixed picture on equity markets today. some groups of the s&p 500 are showing decidedly mixed agenda here. you can see is basically flat. health care consumer discretionary are the groups letting us hire. and, similarly energy, one of the biggest decliners today, not the biggest o

what's the ed woodward story?d woodward is going to stand down from his position as executive vice chairman of manchester united, and our understanding is that it is not related to the super league. and then i got a call again from a contact at half past 10pm on tuesday night to say, "within 20 minutes, we'll all be out." and i reported that. byjust after 11pm that night, almost exactly three days after they announced they were joining it, all six english teams involved in the super league confirmed they were leaving it. the revolution was over. now for the repercussions. i want to apologise to all the fans, supporters of liverpool football. club for the disruption i caused over the past 48 hours. - the other owners, or their representatives, joined john w henry in offering apologies or statements of regret, but not everyone was convinced. a lot of the apologies that have come out have been more of a kind of "we're really sorry you didn't understand why we were right" rather than "we'd got it wrong". the remaining

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ed: is the first time since may 4 dogecoin has fallen under $.50.un-up was because elon musk was going on saturday night live. this was the least subtle topic. he tweeted about it constantly. even open the show with it. he had his mother on stage and she said i hope you got my mother's day gift. i hope it is not dogecoin. in that sketch, there was a back-and-forth constant. what is dogecoin? eventually he answers, it is a hussle. it was started as a joke cryptocurrency. elon musk continues to treat it as a joke cryptocurrency. emily: you believe he believes it is a hussle? is that what you are saying? ed: it is hard to know because the other piece of news that came out on sunday was that spacex had accepted payment for a small lunar satellite that spacex will actually carry into lunar orbit in 2022 that was paid for completely in dogecoin. his business is transacting using dogecoin. saturday night live is a sketch show. there were references to him, his quirky nature, him as the rocket scientist. he kept in the spirit of it being a sketch show. when