ed: right. sen.ruz: they use -- one thing to keep in mind is just that big is bad. big government is bad, big business is bad, big tech is bad, big hollywood is bad, all massive accumulations of power get abused. ed: right. sen. cruz: as conservatives, one of the great things we believe in is the individual, the power of the individual. i am all for the little guy and the small business. i'm for the young person out there who you just want to speak and say what you think. when it comes to faith, you want to worship god. that's between you and god almighty. you should not have government or anyone else silencing you for living according to your faith, according to your conscience. and you ask can it be stopped? yes, because freedom is powerful. freedom is like a flame. it is contagious. look, what young person wants a bunch of angry, puritanical jerks controlling every aspect of their life? ed: right. sen. cruz: and freedom is fun. one of the things i encourage conservatives, particularly young conser

i'm ed o'keefe, john is off this week.nd for a holiday weekend, there is a lot of news for us to get to this morning. we begin with the collapsed building in surfside, florida. at least 24 are confirmed dead, and there are still 121 unaccounted for. omar villafranca is in surfside this morning. good morning. >> reporter: good morning, ed. the remaining portion of the champlain tower south could come down as early as monday. now, on saturday, rescue crews were replaced by demolition crews here at the site of the collapsed south florida con condo as officials focused on bringing down the remainder of the structure ahead of tropical storm elsa. now officials said demolishing the rest of the building could not be avoided with tropical storm elsa looming in the cariribbean. it is foforecasted t to haveve maximum m sustaineded windsds of 70 mileses per hour. ron desasantis saidid the building is shifting, and the fears that the storm could bring the structure down in the wrong direction. >> omar, what are the safety risks involv

well, as a kid i grew up watching the ed sullivan show. does anybody remember ed sullivan?y. he was sort of famous for being physically awkward. he had trouble pronouncing words, especially people's names, and he had, really, the personality of this disk, but he organized a great show from plate spinners, to opera singers to broadway and circus acts. it was an amazing show. coming back i was reminded of a rather dramatic thing that happened here. there was an animal trainer named clyde beatty, the precursor to siegfried and roy. he worked with ringling brothers and had a big lion and tigerpac. they brought him in here and he thought the stage was too small to do the act safely. but ed and the producers taught him into doing it. if you've ever seen the footage, it looks a little cramped in the cage with him and the lions and the tigers. just as he feared, he loses control of the cats. he's holding a whip and a stool and a starter's pistol to scare them - frankly, that's how they used to handle faye dunaway in the '80s. ( laughter ) so he's cracking the whip and pushing them

tom: i beef with ed ludlow -- iva feed with ed ludlow. he just got on a bike.will hopefully drop by and have more for us. the former vice chairman of the fed with david westin at 12:00. good morning. ♪ 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. jonathan: from new york city for our audience worldwide, good morning, good morning. equity futures advanced but the 10 year yield gets the headline. a break of 1.30. the countdown to the open starts now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ jonathan: from new york, we begin with the b

jonathan: ed hyman up next.s is bloomberg. ♪ and there you have it - wireless on the fastest, most reliable network. wow! big deal! we get unlimited for just $30 bucks. i get that too and mine has 5g included. impressive. impressive is saving four hundred bucks a year. four bucks? that's tough to beat. relax people, my wireless is crushing it. okay, that's because you all have xfinity mobile. it's wireless so good, it keeps one upping itself. jonathan: live from new york city for our audience worldwide on tv and radio, good morning to all. alongside tom keene i'm jonathan ferro together with taylor riggs. lisa abramowicz will be back monday. your equity market is about to post a week of gains, north of .9%. into friday there's another lift . on futures we advanced 21 points . a huge weekly range on the 10 year. 1.2947 is where we are. tom: i would say the velocity of the equity markets in the last 90 minutes, we have seen other further lift. a 15 print on the vix later today would be extraordinary. he is extraor

ed: hey guys.since the end of march, so it has been a persistent move in the curve. i first, i think the rise in real yields in the first quarter of this year in retrospect was perhaps a little bit too excessive, and the steepening we saw in that time period is being unwound. i think we are halfway through. second, there was a lot of optimism around fiscal policy, and i think it was correctly placed, particularly after the georgia senate elections. we opened up a very broad window for fiscal possibilities. i think that window is narrowing. i think there is cap this is him around for the fiscal stimulus coming through, and to that end, the interest structure package is not near fiscal stimulus. it is a long-term piece of policy. i think markets are looking ahead and seeing both fiscal and monetary policy start to roll over. monetary policy, very likely we will start to see that paper and kick in next year. we can argue about the timing, but i think it is clearly on the horizon. fiscal policy is goin

ed: we still think there are only four going up.funk was announced, we thought it would be a trained professional astronaut. someone either currently an astronaut recently retired. that has not been the case. jeff hazel's, his brother mark bezos -- jeff bezos, mark bezos, wally funk. we are still waiting for the auction winner. they say they will unveil it before the weeks ahead which is july 20. emily: do we know for sure the last two seats will not be filled. ed: what i am hearing from blue origin is they will keep them empty. there is no sort of an to press. you simply recline back, stare out the window to take it all in under extreme force and aerodynamic stress. and 60 miles above earth, four minutes of weightlessness before you slowly trickle back down to earth. sounds easy. i am stressed thinking about it. i would be terrified to do that. terrifying. emily: me too. i would want an experienced tour guide but we will see. ed ludlow, thank you so much. i am emily chang in san francisco. thank you for watching. this is bloomberg.

it is the ed ludlow way.now as you're moving down to the bezos cape canaveral you have to be singing jimmy buffett's hello texas. ed: you cannot see it but i have a brand i will not name pickup truck over my left shoulder. lisa: [laughter] tom: why did we know that? it is dramatic. from sun valley to las cruces, down i 10, somewhere past el paso to texas for mr. bezos july 20. lisa: i am struck by this idea of the public private aspect of space exploration. the id the public sector does need to get behind this in some capacity. there is an intricate connection between the two being driven by the private sector. you asked the right question. will these private companies get us to mars. are they going to be at the forefront of the next scientific development. the cold war product that led to space travel, whether this can be generated by the private sector today. tom: to meet what it is is about the physical risk. these people are testing risk, complete underestimation about the risk involved in ma'am spaceflig

ed: you did the spac deal to take api public. a lot of those people have changed the management, brought in people close to the private equity model. you have kept the former ceo on. is that an act of good faith in the company? martin: it is actually very different from that. we came into the transaction because we wanted to backup the team. their culture and the way we operate is very similar to our long-term. the reality is they are following the same path. our intention was always to back russ. not just an award for him, but the reality is that we have been doing this together. our job is to the transformative m&a that he has never done before. they have done a lot of smaller transactions. this is a larger transaction. it's a good marriage of our strengths and his, but he knows how these businesses should look at operate in this space. he has been doing it for a long time. he built api group over the last 12 years as ceo. we feel very comfortable from an execution standpoint. where we play a role is on the transactional area.

that's trenton city hall, and that's where ed sells his weed. ed's situation is unique.es illegally out of his restaurant without a license in downtown trenton. unabashed and unapologetic. everyone seems to know him, and nobody seems to mind. >> i'm kind of like the robin hood of reefer around here. >> reporter: his rapport with the community and outright brazenness have earned him quite a following with lines at his joint around the block. how have you noticed your customers change over time? >> the cheech and chong guy doesn't really exist. that's how i look at it. >> reporter: ed's been arrested multiple times. >> in the middle of a search. i'm getting ready to get arrested. >> reporter: including the night before our interview. less than two weeks before cannabis was formally signed into law. but he says those run-ins with the law only fuel his fight. >> trying to change the law that busted me. >> reporter: the law in the state is finally changing, but not in the way that ed had hoped. >> it wasn't the legalization that we all envisioned. no. what it actually legaliz

ed, always good to have you on the program. coming up on this program, shares of snap rally after beating second quarter revenue estimates. we will discuss the company's outlook next in stock of the hour. this is bloomberg. ♪ amber: this is bloomberg markets. i'm amber kanwar. one of the stocks we have our eyes on, shares of snap hitting an all-time high after blowing past expectations. let's bring in dave wilson for some insight. i guess this was a big surprise to everybody just how fast ad revenue could recover here. dave: absolutely. consider the company had an adjusted profit in their latest quarter, when analysts were expecting a loss. net loss was 45% narrower than analysts expected on average of bloomberg surveys. the number of daily average users ahead of projections. on top of that, you have the ceo talking about what he calls stabilization and early recovery in snapchat's story. that is how we got to know the site, those stories that disappear in 24 hours. it is not just snap responding to the results. you certainly s

ed: how does going global look for a company like yours?onder how that split between the developed and developing world market? sarah: if you look at today, 2021, we have leaned into the u.s., the u.k., australia, canada, the netherlands. in 2022, we will come back to the rest of europe that we are already launched in but want to go bigger in. france, italy, spain, the nordics. nextdoor is definitely a platform that can work in a young, developing country, or a more mature european country. it's more about getting it started. we know that people want to connect locally. we know that things like local businesses and so on want to be a part of a local platform. ed:vinod, you have talked about the appeal of working together again, you have an existing relationship going back to square. this deal values nextdoor at roughly four and change. could this be another hundred billion dollar company or potentially bigger? vinod: nextdoor is the neighborhood social network, just like linkedin is the network for professionals. it has strong network effec

ed: this really was the test phase.he plan was always for richard branson to go up and test what the experience would be for the paying customer. i ran through the business model and it can carry six paying passengers at $250,000 a pop. prices will go up until they can scale the number of flights they are able to do. paying customers at that level gives you $1.5 million per flight and the operating cost is around $400,000, $500,000 per flight. they still have to build the factory, they have to put money into the r&d, marketing, and they have stopped selling additional tickets. that need for capital is pretty clear. >> where is that capital going to go? $5 million worth of shares, where can we see it quickly put to work? ed: in the near term they only have two of the starships, the thing that launches you. they also need to build more of the fuselage airplane. i was speaking to the new mexican governor and she said they are in early talks about the next stage of the relationship. new mexico spent $200 million building sp

thanks as well to ed hammond.uto parts maker holley begins trading on the new york stock exchange. we will talk to the ceo, tom tomlinson, next. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller. the more than 115-year-old parts maker holley began trading on the new york stock exchange today after completing a merger with a blank check company. they will not be available for the public to buy. here to discuss is the ceo of holley, tom tomlinson. i was excited when i got the opportunity to talk with you. i'm a little bit of a gearhead. holley carbs, some of the most famous aftermarket products you can buy. you have moved on to other stuff. talk about your business. tom: number one thing to talk about, we focus on our consumers. they love their cars and trucks. they actually enjoy spending their money on our products to modify their cars and trucks. today, we started out in the carburetor business, but the world has continued to advance and we have evolved. we offer a wide variety of products for

ed: this is what some of the awkward moments about sun valley are. between ceos that are not in a good space. sources tell me jeff bezos is coming from sun valley. we have also not seen microsoft ceo -- he has been invited according to the list. now google enters the fray and we have not seen -- we are also interested to see what jeff bezos has to say if he arrives. the baton being handed over this week. sources tell me it was an opportunity for jeff bezos to present the new amazon. guy: in terms of what is expected to come out of this, we talked about the deals being done. let's talk about the future deals that could be done. the amount of money flying around the sector. everybody trying to figure out where they get scale. what are we looking at? is this just a u.s. phenomenon or is it a global phenomenon? ed: i think it is a global phenomenon. most of the ceos are u.s.-based. there are investors that come from europe and overseas. there are also asian companies in attendance, the asian equipment of amazon. i spoke to one executive and asked if we w

we start with the sell-off in chinese stocks the government crackdown on business now expanding to ed tech and food delivery the recent curves on ride sharing and music fintech and gaming, tal and new oriental education both down more than 10 10% today. after shifting to a not for profit business model. those are profitable models. such a move will shrink the market by 76%, regulators also saying there that online food platforms must pay workers at least the minimum local wage shares of meituan did not take the news very well and ride sharing company didi, take a look, keeps getting clobbered, down more than 40% since its u.s. debut on june 30th this morning atlantic equities downgrades the stock to neutral saying the range of outcomes leave us unable to recommend the stock until there is more certainty. if you've been invested in chinese internet stocks, look at the broad group. down 28% in just a month it is lower -- has been under performing all year. and, guys, while some might be tempted to see this as a buying opportunity, that note really says it all, with china, it is really d

ed: i am ed ludlow with the first word news.c is picking up steam across the globe amid the spread of the delta variant. the number of cases in the u.s. surged by 62% over the previous week. fatalities have stayed relatively low in the u.s., u.k., and spain due to high vaccine coverage while deaths are soaring in india, brazil, and indonesia. americans are urged to avoid travel to spain due to very high levels of covid-19. the centers for disease control and prevention has boosted the travel warning for spain to the highest level as cases climb. the philippine president made his final address to congress today. he pushed for opening the economy to more foreign investment. he also pledged pandemic support to help businesses bounce back and defended his criticized drug war. on the eve of his speech, protesters took to the streets and left-wing activists hung a huge banner that read

ed: that was a reference to reporting we did last year.june of 2016, nicola made an announcement and trevor stood on stage with the truck behind him that he said was fully functioning anti-said he even had to chain it down to stop people driving offstage. according to sources, there was nothing in the truck to make it work. the indictment said that bloomberg report is completely accurate, that we got it spot on. but what is more shocking is that trevor texted executives, he tweeted dismissing the bloomberg report and then texted of board members saying his tweet had supported the share price. which is the other part of this, his actions were about supporting the stock. emily: excellent reporting by you about this company over the past year. what is next? ed: he is on 100 million dollars bail that is tied to homes he owns in utah. he pleaded not guilty, not a huge surprise to those who follow trevor milton and the company. it will take some time to go to trial. you should a statement saying that he is innocent, he expects to be exonerated,

ed: potentially.t we are looking at at the moment is a potential for aggressive provisioning to be returned. we think that is going to continue to be a driver in some of the macro assumptions that cfos have made in these provisioning calls. we are right at the extreme end, the most domestic and when you look at comparative surveys of professional forecasters. m&a has potential for some of these smaller banks, but another thing driving performance at the moment that we've noticed is a 90% correlation with the banking sector and u.s. treasury yields at the moment. so really, it continues to be about macros, continues to be about inflation and central-bank policy not only in europe, but globally. dani: does that mean banking stocks in europe aren't a buy until we see the u.s. yield curve steepen? ed: i think you will see a bit of a headwind until we see a re-steepening for sure. we think inflation expectations could come down too much. we think that real yields aren't consistent with the macroeconomic en

we think about ed sullivan, right, at the ed sullivan theater, and what's -- >> stephen: also, kate andcurtain, starred in kate and ali, also "saturday night live" "satu.>> stephen: wow. >> i learned when you used to watch the ed sullivan show, dancing bears and bowls and plate spinners -- and a really good show and music and this guy's going to eat some planes. ( laughter ) that comes from hundreds and hundreds years' old tradition of variety entertainment. >> stephen: the thing i like about the ed sullivan show and the variety of the circuit is that that guy you're seeing on stage has got an act he's been working on for 25 years. >> yeah. >> stephen: that's the thing he does with those plates. >> by the time he gets to you, that thing is perfect, that act is perfect. >> stephen: right. you've never seen anybody swallow fire like this guy. >> stephen: on television, the act has to change all the time. >> right, because everybody's seen it. if you started a super cool act with your trick dogs or police service in tacoma, washington, no one's seen the act in dayton, ohio, but here you do

we think about "ed sullivan," right?hter ) >> look at what you just did! you just made the connection. jane curtain, star of "kate & ali," also star "saturday night live"-- a piece of variety entertainment. >> stephen: wow. >> but i learned that when you used to watch the "ed sullivan show"-- of course, you know, there was like, dancing bears and bowls-- >> stephen: and plate spinners-- >> tin plate spinners. ( as ed sullivan ) and a really good show and the music and this guy's going to eat some flames. do you know what i mean? ( laughter ) and so, that comes from hundreds and hundreds of years' old tradition of variety entertainment. >> stephen: the thing about-- i like about the ed sullivan show and the idea of the old variety circuit, the old orpheum pantanges circuit-- >> yup. >> stephen: and all that kind of stuff, is that-- that that guy you're seeing on stage has got an act he's been working on for 25 years. >> 25 years, yeah, yeah. >> stephen: that's the thing he does with those plates. >> by the time he gets to

come together afterwards but on this one his argument has put forward in his wall street journal op-ed was completely on target donald j trump why i'm suing big tech, let me quote his first draft one of the greatest threat star democracy today is a powerful group of big tech corporations that are teamed up with government to censor the free speech of the american people, this is not only wrong it is unconstitutional, now at a press briefing where flogging problematic post then spread misinformation, she had done so well earlier bashing student confidence human communism,, the whole idea behind trump's lawsuit is our constitutional free-speech is negated if and when the government colludes with media companies especially media tech companies, yes of course facebook and the others are acting as editors and publishers not just platform information, we know that and that's a big problem and that's why section 230 liability shield should be removed but my bigger view is that president trump was getting to the issue that you cannot have the government in bed with the purveyors of information

what could amc do to ed's point maybellining in on the digital piece of the equation.they do to make you want to own the shares >> that brings up a tremendous point. there should have never been netflix. you know what should have been netflix, kelly blockbuster. they should have invested the money back then. so, when amc says they want to invest in theaters, i think they don't want to spook any investors. it should be digital it should be streaming they should figure out that component and that would make me want to invest in them >> don't you think it's too fragmented already think of the options we're all signed into and paying each month. how much more can we take? >> sure. think about archaic the movie theater process is i'm talking about trying to survive, not being innovative to the extreme. just trying to survive in a business model that is already doomed >> all right the shares have turned negative after all of this drama today, maybe its own biggest draw ma that's showing at this point and i guess the next move is deciding whether he wants to move forward on t

ed: the story was the stickiness of those pandemic trends. i am not just thinking of consumer facing businesses like facebook, apple, but advertisers, cloud providers. the question is how much has demand been maintained, how sticky was demand for business? the consensus is we will see outside earnings growth from those core names, but not to the same level we saw at the end of 2020, beginning of this year. >> not was ed ludlow with the latest on tech earnings. more analysis on tesla earnings and other mega-cap earnings. loup ventures founder jean muster joint -- gene mu n -- gene munster joins us later. >> does it make sense people are going back to growth given the uncertainty, whether it is the delta variance or the growth outlook? >> i would say it absolutely does. this is not surprising. it is exactly what we have seen. any time there is a hick up, a potential scare in the growth horizon, we see the 10 year fall, people continued to pile into growth. this is not surprising at all. it can continue to be an opportunity, but this is what we

ed: more arrivals are expected.ll be questions about blue origin, because july 20 is not far away. should he not be preparing for his trip into space? other than that, the keynotes are really about the economy, about covid. there are a lot of health care specialists here. i am hearing that this is a great time to speed date. one executive told me this morning, he has had more meetings with investors, customers and business partners in one day than he has in the last 18 months. and, of course, this is a summer camp. you wouldn't think it with all the rain and storms, but the billionaires are out there on their kayaks and golf course, having a great time. caroline: ed ludlow, we thank you so much. stay warm. meanwhile, this app was created in 2007. the creator was making a bet that smartphones would be the next big thing. now he has a company built around what he thinks is the next trend, video chat. his new company is looking to build more features into traditional video software. bail joins us now. we have just been

it's get more now with ed ludlow who is in new mexico.s was a key test for the future of space tourism. ed: we kind of get hung up on it because richard branson was on board, but this is another test in a series of test the company had already planned. the may 22 test was such a big deal because as soon the vessel landed, they handed the data over to the faa and got the paperwork to send customers into space. they have two more planned and the data they generate on those is so valuable. but for all of us gathered there at spaceport america, there is this tension and anxiety knowing this billionaire and founder of the company is putting his life in his engineers hands, going up there and thankfully, this time, coming back down safely. kathleen: that's enough to encourage a lot of people to buy would've those tickets, about 250,000 dollars plus. when will those start up? ed: they sold around 600 tickets and then in 2020, they opened up a reservation system where you could put down a $1000 deposit to get your place in the queue. they can't d

nixon, and they had heard about ed nixon, so mr. nixon recommended to claudette's parents that they get this young black lawyer to represent her when she was arrested, and they did. at that time i thought this was a good opportunity for me. but now i have to raise all these issues in this case before the judge who was the judge of the juvenile court of montgomery county. and i raised these issues, and they had charged her with being a delinquent and in assaulting an officer because when she was arrested, she didn't voluntarily just walk off. they almost had to drag her. she didn't resist, and she didn't fight back. but the judge listened to me. but in the final analysis, he found her to be guilty -- found her to be a delinquent and placed her on unsupervised probation. i was ready then because i knew ultimately we were going to change the laws, we were going to have to go to court, and i was prepared to do that. but i'm not sure the montgomery community, the black community even was quite ready for it, but there were some people tha

really great stuff with ed bastian. phil lebeau.ome back, on leisure, has been, quote, candidly overwhelming. is that how you feel >> well, i think so. and that's really surprising, good news for i think everyone business travel, which shows up in hotel and travel bookings, is not being where it needs to be there is really good progress in the leisure markets and that's helped southwest and others tremendously >> about corporate, he did say business travel may be back to 60% of 2019 by september do you think that's too ambitious a target given all the new digital tools we have to work with? >> i don't believe so. i think there is some real strong moves as you noted, new airplanes, these guys are not amateurs i think they're making -- they're betting on that return i suspect it is going to be there. i believe it will. >> how about eu? do you see any signs that will loosen up? i guess why do you think it is a one way trade right now between the u.s. and eu visitors >> without being too critical, we have done a better job of delivering

many believe it's because of ed buck's connections.y clinton. maybe this is why the left is so quiet. one person who has refused to let the story fall on deaf ears is our next guest jazmine can nic joins me now. jazmine, a great deal of work being an activist and caring about things is quiet, anonymous work. you never get credit for anything. you stuck to it. you have victory with this finally getting this monster off the streets. tell us how it feels and why-i what your sense is about why it took so long. >> well, i'm a journalist and a political strategist. not necessarily an activist. but i know this seems like activisty work. we have been at it for four years. you know, two men have died. countless others almost died. it is such a humongous relief to know that ed buck will never be on the streets again. you are absolutely right. i am an elected member of the democratic party, i am so disappointmented in my party they have very little to say. some wanting to give ed buck the benefit of the doubt. it's embarrassing. >> we have, very

but it's better than nothing, they say. >> ed lavandera, thanks so much. >>> new tthe news continueswers are fighters. that's why the alzheimer's association walk to end alzheimer's is full of them. because flowers find a way to break through. just like we will. join the fight at alz.org/walk i've got moderate to severe plaque psoriasis. now, there's skyrizi. ♪ things are getting clearer. ♪ ♪ i feel free to bare my skin yeah, that's all me. ♪ ♪ nothing and me go hand in hand nothing on my skin, ♪ ♪ that's my new plan. ♪ ♪ nothing is everything. ♪ achieve clearer skin with skyrizi. 3 out of 4 people achieved 90% clearer skin at 4 months. of those, nearly 9 out of 10 sustained it through 1 year. and skyrizi is 4 doses a year, after 2 starter doses. ♪ i see nothing in a different way it's my moment ♪ ♪ so i just gotta say... ♪ ♪ nothing is everything. ♪ 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, swea

ed: i am his face romantic.e have the world's richest and youngest and oldest astronauts and some guy called mark taking this flight. it proves who origin is a genuine player in the eyes of the public and those politicians and administrators that awardees contracts. they have good technology. what is going on over my shoulder where you are, they are not just sending out these rockets. their testing engines they are building for others and their other technology and they have a roadmap to put those in the real world. or out of this world. emily: give us the outlets for from the streets of vanhorn, texas where people are proud throughout the town wishing them well. today, they pulled it off. ed: they have been sweet and sincere. one rancher who has been here his entire life has -- told me this was the most exciting thing to happen in his lifetime. this was a town of 2000 people with a couple of truck stops and there is nothing here, respectfully. they hoped blue origin would bring a space boom. it hasn't happened

ed ludlow, our tech reporter. ahead, solar power startups, speaking of tech, set to go public in a $2 billion deal with athena technology. we will discuss the deal with athena ceo, phyllis newhouse, next. this is bloomberg. ♪ matt: this is "bloomberg markets." i'm matt miller. athena technology, the entire women led special-purpose acquisition company, is taking solar power startups yulia jen public in a $2 billion deal. here to discuss the merger is the ceo of athena, phyllis newhouse. phyllis, thank you for joining us. really appreciate your time. let's talk about this acquisition, this deal. solar seems to be having really a second wind right now. tell us about celia jen. phyllis: yes. thank you for having me. when i think about what athena was looking for, and we were looking for a company that was game changing the industry, and we found heliogen, so this is a company that is used -- using ai to increase efficiency and hardware in the energy space. when you think about this, this is what they've done. this is

ed: a $100 million bail bond tied to his home that he owns in utah. he pleaded not guilty.is not a huge surprise to those that follow trevor milton and the committee based on his prior behavior. he will take time to go to trial, he issued a statement saying he is in his -- innocent and he expects to be exonerated, and all executives should see it and be shocked. but member, this is not just prosecutors, there's a parallel complete, criminal and security charges. emily: still a new company, the ceo, how is the company doing and how are they responding to these charges? ed: the share price has been on the wild ride, i one point it fell 5 billion, the company scale back its ambition after trevor milton resigned. it is making slow progress. i'm hearing sources say they might get back to -- get to a battery electric semitruck, there's a prototype, they're building a factory in arizona, but it is not revenue generating. they have big's -- partners, but they are far away. emily: keep us posted on how it plays out. coming up, and disciplining -- a disappointing debut for robinhood,

bloomberg's ed ludlow joins us now from the new mexico desert. time, virgin galactic stock sinking today. more shares being issued. go to space, get the hype, then issue shares. ed: but the answer was in richard branson's words, build more spaceships. i spoke also to the ceo michael cohen glacier. the whole act -- michael colglazier. this is a supply constrained business. it sold 600 tickets at $250,000 a pop. if they launch in early 2022, they are going to have to do 100 missions that year with one single spaceship. that seems unlikely. they want virgin galactic to build a factory here in new mexico and create jobs, but all of that seems far away. it is a capital-intensive business, and it gives you an idea of the timeline of how real this is, how far away it is from being commercially deployed. guy: what does the branson trip change? what does it accelerate? how big of an impact is this going to have? he loves the publicity, but he does it for a reason. ed: 100%, this was a marketing exercise. the wall street notes all say that. i don't even th

for special ed as well.tural literacy programs across all schools are really, really important. the second thing is that i wanted to uplift encouraging more knowledge about the history of civil rights for the disability movement and ethnic studies and curriculum and other areas as well as highlighting what it's like to be a disabled student. more books in libraries, more programs, art programs. anything to represent students who have disabilities so they can see that they're not alone and they are beautiful for who they are. so i would really encourage that. and the third thing is collaboration between general ed staff and special ed staff, within school sites. i think that this is highly, highly important and it will make a difference for every student, particularly special ed students beyond the i.e.p. meetings. as well as i would love to encourage any general staff that's here please to go to c.a.c. meetings, to go to professional development opportunities, just to learn. >> that is your time. >> caller:

ed hula, great to talk with you.undcloud to get your daily updates. >>> we're doing this every week, so let me know which podcast you love. we'll be right back. podcast you love we'll be right back. ♪♪ clearly, velveeta melts creamier. like many people with moderate to severe ulcerative colitis or crohn's disease, i was there. be right back. but my symptoms were keeping me from where i needed to be. so i talked to my doctor and learned humira is the #1 prescribed biologic for people with uc or crohn's disease. and humira helps people achieve remission that can last, so you can experience few or no symptoms. humira can lower your ability to fight infections. serious and sometimes fatal infections, including tuberculosis, and cancers, including lymphoma, have happened, as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. tell your doctor if you've been to areas where certain fungal infections are common and if you've had tb, hepatitis b, are prone to infecti

and now live on tape from the ed sullivan theater in new york city, it's stephen colbert! ( cheers and applause ) ♪ ( cheering ) ( audience chanting stephen ) >> stephen: happy thursday.

in 1964 he got in trouble when he was on the ed . in trouble when he was on the ed sullivan show, whichusical act, because it had this huge national audience on cbs. ed sullivan was on the side of the stage, motioning to him with his fingers, trying to get him to get off the air, because his time was coming up. mason was doing really good, having a really good reception from the audience, and wanted to continue the act. he made a remark that made it seem like to ed sullivan that he was giving an offensive gesture to the audience, and sullivan fired him. even though mason actually won a court settlement based on that, i think there was a defamation case, it ended up really hurting his career for almost two decades. it wasn't until the 1980s when he started these one—man shows, where he had this resurgence notjust on broadway but also in movies and tv. {line this resurgence notjust on broadway but also in movies and tv.— but also in movies and tv. one of his last shows _ but also in movies and tv. one of his last shows was _ but also in movies and tv. one of his last shows was in _ but al

ed lavandera found a local barbershop, where the talk is about the pandemic and people had to step upd-19 vaccine sparks passionate banter in las vegas. in the last month, owner robert taylor says three of his barbers and his business partner were infected with covid-19. taylor and another barber got the virus last year. none were vaccinated. it was a wake-up call. so, taylor turned his barbershop into a vaccination site. he partnered to offer vaccine shots for clients coming in for a haircut. >> the barbershop is a place with truth, and brotherhood. >> reporter: he wins them over with trusted voices. >> you have people, it's not 100%. it's not 100% that i will make it home when i get out of this barbershop. >> reporter: the cases have jump from 132 to almost 700. and the average daily number of hospitalizations has shot up from 178 in mid-june to more than 900. medical experts say this surge is driven almost entirely by unvaccinated people. >> this could have been prevented. >> reporter: she is the director of infectious diseases at university medical center in las vegas. only 40% of

ed: he has been released on bail, having pleaded not guilty. terms of the battle confine him to the state of-- bail confine him to the state of utah. it will go to trial. it is not a huge surprise he pleaded not guilty based on his time as ceo, his social media posts, the combative nature he went after people that criticized the company. shery: could this have any broader implications for the industry? ed: nikola was kind of seen as this front runner in fuel-cell technology. fuel cells use hydrogen to power an electric vehicle system, rather than a pure battery. they have not made any progress. they were also the poster child for spac's. their market cap was more than ford's at one point, $29 billion. they made little progress on their technology. they are still pre-revenue. they are still in prototype phase. investors have to think again about how they treat these companies that have chosen to go public via spac with promises about new vehicle technology. shery: coming up, we speak to the former federal reserve bank of philadelphia president a

haidi: ed ludlow speaking to richard branson in new mexico.have more to come on "daybreak: australia sophie: -- told investors to prepare for monetary stimulus in 10 days. vonnie: she also signaled measures might be brought in a year to support the economy, after the current emergency program ends. ms. lagarde: it is not the time to talk about exit strategy because we are still forcefully delivering under exceptional circumstances, using exceptional tools, the pandemic emergency purchase program. which i expect to last at least until march, and possibly to transition into a new format after march. vonnie: the imf managing director says the eu's carbon border tax would be a protectionist measure. she had backed france's proposal for a minimum floor price for carbon around the world, saying that would be more efficient in curbing emissions. another minister said a single global carbon price would be ideal but it would be difficult to reach an agreement. malaysia's deputy prime minister says the country should be able to return to normal soon as

ed ludlow, bloomberg news, texas. gotta love that it will have the youngest and oldest person in space. that was ed ludlow reporting from vanhorn, texas. do not miss our special coverage of the blue origin launch at 1:30 p.m. london time on the east coast of the u.s. to the moon for the rocket and to the moon, over to bitcoin with -- accelerating overnight, down below $30,000. the ceo discussed the volatility in the digital asset. >> investors who are allocating to crypto know that volatility will be out of it. most of the investors are not looking at short-term price movements or short-term volatility. their allocations are over medium to longer term time horizons. i don't think people feel terribly phased when they study movements in the market like this. >> are they phased when it acts like any other risk asset? it falls in line with stocks. michael: it certainly is a diversification play but on days like today when there's market fears, doesn't really seem like there is anything or asset class that can really avoi