the only one who remembers anaconda copper other than me would be edward morse of citigroup. dr. he geopolitics of oil, but this morning we focus on commodities. it is not in the headlines, not above the fold in the new york times or the washington post, but it is china ascendant. we see the you on -- the yuan making jump conditions. does it signal finally a commodity boom? dr. morse: there is a commodity boom. i don't know if that is signaling it. what is really signaling it is getting out of a recession, having the most remarkable recovery following the most remarkable recession given the pandemic. this one is especially so, given the depths to which demand had fallen last year. tom: tell me the inventory rebuild out there. it is always a mystery in china. what is the dynamic of inventory of copper, iron, and the rest of it in china right now? michael: dr. morse: in been -- dr. morse: inventories are really low. the question is, how low can they stay, and for how long? it looks like they will stay low for a long time. we look at the scrap market for steel, the scrap market for c

edward morse of citigroup. but -- stop by.s, from new york, from berlin, this is bloomberg. >> the russian hackers behind the soul for when campaign have escalated attacks on u.s. federal agencies, think tanks, and nongovernmental organizations according to a blog post for microsoft vice president tom berg. in april, president biden ordered sanctions against six companies that provide support to the kremlin operations. in taiwan, officials say the coronavirus outbreak is not under control despite strict social distancing members -- measures. authorities reported hundreds of new infections. the health minister hoax at least 60% of the population can get at least one dose of the covid 19 vaccine before the end of october. japan's prime minister is extending instead of emergency in tokyo and other cities in japan. it is a last-ditch effort ahead of the olympics. japan has one of the slowest vaccination programs in the developed world. nike has extended its partnership with namer over the brazilian's soccer star refusal to coopera