i was saying earlier aca eia re ort well. i was saying earlier aca eia report saying _ well.earlier aca eia report saying that in fact, this - well. i was saying earlier aca eia report saying that in fact, this is| report saying that in fact, this is not the right time and it could cause a risk to you as security. i'm just wondering, is this war in afghanistan at the front of americans�*s mines? i afghanistan at the front of americans's mines? i think the troo -s americans's mines? i think the troops are _ americans's mines? i think the troops are at — americans's mines? i think the troops are at the _ americans's mines? i think the troops are at the top, - americans's mines? i think the troops are at the top, and - troops are at the top, and incredibly emotive subject in america, and incredibly important politically for all sides to have strong views in these areas, and most politicians do want to bring troops home as a sort of standard political mantra, if you like. in terms of the establishment, i think the cia director, from what i've seen, was questioning whether or not

the eia makes that u.s.o muster production is going to increase by 900,000 barrels per day to help meet that demand. a lot of people are looking at that number and saying that doesn't sound right. they don't think a some we are hearing out of producers particularly in fracking they are not looking to increase production and without much. we might get half that much, which means that there is more room for opec to add more barrels to the market if they want to or to hold them back and for oil prices to start to rise as we see the demand picking up over the summer. on the other hand, we have a situation in india which is throwing a wrench into some of these ideas. matt: how serious is the situation in india? on the human side, it is tragic. we are seeing higher numbers of covid infection. how seriously is it affecting demand? >> we are not seeing a huge impact in demand. india consumes 4 million barrels per day. they import just about all of that. indian refineries are still producing and some people think tha

what i'm looking at, we will look at the eia crude inventory. there is a push poll dynamic here. you have an increase in supply but you of the increase in demand until now. how much is the increase in the pandemic cases in the covid case in places like india and asia. japan in particular going to crimp some of that demand. then today we are going to get 1:00 p.m. the $24 billion sale of twenty-year notes. interesting to see what the take-up will be. a lot of speculation has been they have taken on a big proportion of this. i mentioned no how big of a role. tom: 20 year bond you are doing on radio? lisa: this is just tv. apple, google and spotify -- will hear. tom: what color imac are you going to get? lisa: minor going to -- tom: continue please. jonathan: lisa, thank you. netflix down by around 8% in the premarket. pull forward is the theme. the acceleration through last year. pull forward some of the demand this year. competition is something there pushing back. competition is going to be a thing this year that's for sure. tom: to our wonderful guests you are going to bring in,

the the ia -- the eia says something different. what are your peers doing?: there is only a few privates that have picked up. almost all public independen ts, the majors in the permian will be a little flat growth. the permian is about 4.5 million barrels a day. about 65% of the u.s. shale activity. it will probably grow 300,000 barrels per year. the rest is on the decline. alix: get a little nerdy with me for a second. what about wells versus new production? that will dilute the number that we see. help us understand the inventory being run down versus what is new, really. scott: still only about 240 oil rigs. you need to get up into that 400 range to really see growth in u.s. shale. i'm not sure we are going to get there. in the permian and the other shale basin. too many companies. the ducks will go down. most as i have said in the past have too much and they will take about two years to deliver their balance sheet. the free cash flow from other companies will go to the balance sheet where most of our free cash flow will go back to the investor. alix: wha

the likes of the iea and the eia as well. the dollar index was weaker against most g10 peers. haidi: i'll performers on the other side of that dollar weakness with the kiwi and the aussie dollar share. to look at the aussie, topping the g10 group, commodities also touching the highest in about four weeks. in terms of the equities, draining pretty muted. find the most since about smell third. it is within reach, from a record high. pretty flat at the moment but it doesn't look like equities overall getting set for retreats following the u.s. action. shery: strong earnings from goldman, wells fargo, traders, investment bankers. loans on the decline. bankers taking it as a sign of economic strength. let's get more from our wall street correspondence. jp morgan, stand out quarters for those company. what all the leverage be for growth in the future? >> they had knockout quarters in trading and investment banking. even though the ceo of goldman sachs had warned that it should be expectations having these for the second quarter. they did say that it was very active. we can expect ma

alix: from planes to oil, we get the eia numbers.e a slight build in crude inventories, large when coming from cushing in the middle of the country. but where you see the u.s. gold coast, a very big draw despite the fact that imports actually increased. so some moderating signs of stronger demand still coming in. oil off the highs of the session , but still strong. goldman sees $80 brent as they are still bullish on the sector. coming up, we get the view on the u.s. economy from the c-suite. we will have an exclusive interview with rene jones, m&t bank chairman and ceo. this is bloomberg. ♪ ritika: this is "bloomberg markets." coming up, dirk van de put, mondelez ceo. this is bloomberg. ♪ alix: live from new york, i'm alix steel, with guy johnson in london. this is "bloomberg markets." the plan president biden will unveil tonight aims to help middle and lower income families by making the wealthy pony up more money in taxes. how will this plan affect the business and clients? rene jones, m&t bank chairman and ceo, joins us now. m&t b

according to the eia perhaps another 2000 3000 barrels a day drop. the decade of boom is over. think it is too soon to write off shale. i think we will see signs of shale coming back to life on the second half of this year and perhaps we see real growth come back into u.s. production next year, of course, that is contingent of supply remaining at current levels or perhaps fire. it will need to steadily higher prices when healed production comes back, there is no doubt about that. haslinda: thank you for your insights. vanda insights ceo fund are already there. the deal could put a saudi tech company on the map. we have details next. this is bloomberg. ♪ haslinda: welcome back. grab is said to be poised to go public. sources say it will list through a blank check company, evaluation of $34 billion. a senior reporter for asian technology, what do we know so far? >> we are expecting grab to become a public company this year throughout reverse merger with a blank check company in the u.s. according to sources grab will have a valuation of $34 billion, which would make it the bigges

lancaster: if you look at data ovided by wwf, global witness, and eia, you find that not only are we going into a record-breaki year of land defenders murdered to protect their forest and environment, the u.s. economy is depressed by about $1 million due to illegal logging imports, and illegal logging is the third-largest trans-national crime. goddard: a tree, in fact, is more complex than we know. it has more chromosomes than we have. it can easily be a victim because it may be illegal to take that species, depending on what genus and species it is or where it's located. lancaster: trees can be poached just as any sort of traditional wildlife can be poached. if you can't identify it, you can't protect it, and so our goal is really to develop a database that can be used, hopefully one day, by anybody in the world in order to do this sort of identification to help them fight illegal logging. huff: a lot of cases we've had, it's very difficult to prove that wood was obtained illegally once it gets processed in a mill or once it's removed from the national forest. basically, we have a s