if you have a bloomberg, you can bio erik schatzker.ou can also google front row, and you can see the full interview. as more of the world reopens, we discuss the demand for at-home fitness products with the ceo of fitness app future. rishi mandel is next. this is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang alongside matt miller. one of the trends in the pandemic is the buildup of at-home equipment for people working out. what happens on the other side of the pandemic? do fitness centers be open and does all of that equipment go unused, or is there a middle ground? rishi mandal is the ceo of future, a fitness app that aims to tackle that. you are a serial entrepreneur, a lot of backers for this. what does future aim to do? >> we have really built one on one fitness coaching through our apps, wearables and so on, so we connect you with a world-class coach. no matter where you are, traveling, at-home, that coach is keeping you accountable. and scaling one-on-one expertise is so hard. we have built a ton of technology t

president nicolas maduro speaking with erik schatzker. the focus is on normalizing relations with the u.s., but it does fitted to the broader theme we've been talking about all week of the great american reset of international relations. the idea is nicolas maduro would like to see relationships normalize with united states, the harsh sanctions lifted. take a listen to what he had to saypres. maduro: very cruel and have damaged the venezuelan economy and society. the politics donald trump installed our extremist politics , irrational, right? that caused a complete rupture between united states and venezuela. president joe biden has arrived, making a proposal to the world. his first speech, on january 20. he said we do not have to demonize anybody in politics. i would say to president joe biden to stop from the white house and the department of state the demonization of venezuela, the demonization of the bowl variant revolution -- of the bolivarian revolution at the demonization of nicolas maduro. hopefully we can find paths of respect, mu

he spoke to bloomberg's erik schatzker this week. pres.uela can achieve up to 5 million barrels of production. we have the infrastructure. what we need is the investment. we have been pursued. they do not lend as a single dollar to invest in oil. they do not lend money to any private venezuelan company. that is substantial investment. furthermore, an absolute blockade was imposed on us for the sale of venezuelan oil. we lasted 14 months without being able to sell a single drop of oil. 14 months. now we are reconstructing the investment. we were covering the production -- we are recovering the production and the national commerce in the middle of serious sanctions. because we do not have to forget , because it is very easy to say in the news, venezuela, the country who had the largest oil reserve in the world, who used to produce 3 million barrels, now produces 500,000. it is maduro's fault, maduro is perverse, dictator. it is very easy to say at. nobody says venezuela was pursued, that it was forbidden that a single ship reached its shores

let's listen with our erik schatzker. er they oversee approximately $4 trillion in assets. i'll be asking at least one polling question over the course of the next half-hour, so pay attention and respond when you hear me introduce a poll. i do not see any reason we should not begin with our questioning right now. panelist, the covid-19 recovery trade has been nothing short of breathtaking. if you are bullish on reopening and positioned for reflation, it has been extremely profitable. manny, you speak for two point $2 trillion at pimco -- you speak for $2.2 trillion at pimco. does the reflation trade have room to run, has it played out, or why? manny: you have some sectors that have been incredibly good to invest. in march 2020 you had real opportunity in high-yield and private credit come and for all of us i think it has been very good. there were special situations to invest in and people who put capital to work have been very happy. if you look at the high-yield index, a lot of it has played out. you may have another bit

he spoke to bloomberg's erik schatzker and ask what changes in policy he would be willing to make in from the sanctions. >> i believe that the sanctions are immoral. that is the first thing. they are cruel, very cruel for a country. i think that at a roundtable of conversation, even if it is private, the united states of america, the biden administration should accept it as such, should see it as such, and the sanctions are transformed as the human rights organization says. the special report of that came to venezuela for the matter of the sanctions. the sanctions are transformed into a great violation of the human rights of venezuelan men and women. not only is any cruel mechanism that causes suffering to the people, but it is also a failed mechanism. failed, because all of the sanctions in an extremist and irrational manner where applied by the trump government against venezuela, for a change of regime, and they didn't achieve it. nor are they going to achieve it. so the sanctions should be recognized as a legal, irrational, extremist, cruel, and they should be lifted. >> in your o

erik schatzker asked what changes he would be willing to make an policy to get some relief. to what he had to say. >> i believe that the sanctions are immoral. that is the first thing. they are cruel, very cruel for a country. even if it is private, the united states of america, the biden administration should accept it as such, should see it as such, and the sanctions are transformed. as the human rights organization says, the special reporter that came to venezuela for the matter of sanctions, the sanctions are transformed into a great violation of the human rights of the venezuelan men and women. furthermore, not only is there a cruel mechanism, there's also a field mechanism because all of the sanctions in an extremist and irrational manner were applied by the trump government against venezuela for a change of regime, and they didn't achieve it, nor are they going to achieve it. so the sanctions should be recognized as a legal, irrational, extremist, cruel, and they should be lifted. >> in your opinion mr. president , but it is still u.s. policy, and it seems the u.s. wo

erik: i am erik schatzker. welcome to "bloomberg front row." i am talking to josh friedman, the cofounder and co-ceo of canyon partners. josh was a hedge fund pioneer in the early 1990's. and today, his firm oversees $27 billion. distressed debt situations, lehman brothers, caesar's, and puerto rico, have produced some of canyon's biggest wins. but, thanks to trillions in central bank stimulus, there is not much distress anymore. josh says it is just a matter of time. josh: you have big portions of the equity markets that are in

erik: i am erik schatzker, and welcome to bloomberg's "front row."i'm talking to sarah ketterer. she oversees $47 billion as ceo of causeway capital in los angeles. sarah is a lifelong value investor, but in a world of limitless central bank liquidity and the richest p/e ratios in decades, she has had to redefine the discipline. sarah: we are not value investors, we are valuation investors. valuation is at the heart of everything we do, so if valuation becomes disconnected

he spoke exclusively to bloomberg's erik schatzker. >> we always have to remember, erik, that we faceddministration, which were four years of direct aggression, of cruel sanctions, very cruel, and damage to the venezuelan economy and society. the politics that donald trump installed and left his legacy against venezuela or extremist politics, irrational right? that caused a complete rupture between the united states and venezuela. president joe biden has arrived, making a proposal to the world. his first speech on january 20, he said we don't have to demonize anyone in politics. i would say to president joe biden to stop, from the white house, from the department of state, the demonization of venezuela, the demonization of the bull of arion revolution, the demonization of nicolas maduro, and that hopefully, we can find paths of reconciliation, respect. paths of mutual benefit, and paths that allow us to normalize relations between the united states and venezuela. have you seen any signals? that suggest joe biden has a different posture? especially as it concerns the venezuelan question

shery: orlando bravo speaking with erik schatzker.not miss our big interview later and we will speak with don young tree -- with two ceo's. we'll have an exclusive interview with rishi sunak, coming up. haidi: let's get you a quick check of the latest business flash headlines. didi jumped as much as 29% in its trading debut before closing much closer to its ipo price of $14 a share. didi sold 10% more shares than originally planned, raising $4.4 billion. it is the second-biggest u.s. ipo by a chinese company after alibaba. prominent backers reached big returns, now worth $1 billion. evergrande group says it has met a key requirement of chinese regulators as the country's indebted developer tries to ease investor concerns. in a statement to bloomberg news, the company says it type it that debt to equity ratio below 100 percent. beijing requires developers to cut the ratio to below that level as part of its three red lines imposed the curb leverage in the industry. tiktok says it deleted over 7 million accounts belonging to children you

she spoke exclusively to bloomberg's erik schatzker at the qatar economic forum.dramatic acceleration in the digital transformation. trends that were playing out over a number of years have been telescoped. you can see them in commerce, education, entertainment, telehealth and even the way we are having this conference today. one of the important points i think for everyone is that we do not see the clock turning back. we see these trends continuing to endure and it is important for each one of us to consider how we can embrace digital tools and technology to support revenue opportunities and efficiencies in our own business. for example, when we look at small medium businesses, the backbone of economies, what we saw during the pandemic is one in three small businesses said they would not have survived if they did not have digital skills. it enabled them to immediately pivot and find their customers where they were in the online world to get them the information they needed to talk about things like delivery or changed hours. the digital skills were imperative for

she sat down with erik schatzker to talk about how the pandemic has massively accelerated digitizationhat will endure for the long-term. ruth: there has been a dramatic acceleration in the digital transformation, trends that were playing out ovary number of years have really been telescoped in. you can see it in content, entertainment, education. telehealth. even the way we are having this conference today. we don't see the clock turn back. we see that these trends will continue to endure. i to get his import for each one of us to consider how we can embrace digital tools and knology to support revenue opportunities and efficiency in our own business. when we look at small, medium businesses, which are the backbone of the economy, what we saw in the pandemic is one in three small businesses say they would not have survived if they did not have digital skills. it enabled them to immediately pivot, to get them the information they needed to talk about delivery, changed hours. these digital skills are imperative for survival. erik: this race to deepen relationships with customers and cons

he spoke to erik schatzker in the latest front row special. >> as i look at the markets today, i think the most important characteristics are that there has been a frenzy of acquisition activity, driven in part by these low interest rates. you have private equity in a dominant presence in the market. venture capital, dominant presidents in the market. spac's, etc. you're in a transaction rich environment, many of which are in business with the sole goal of buying and selling companies. and they are doing this in a hasty way in using aggressive lenders who are dying to get the money, there are always two kinds of opportunities in the market that exist. one is the point where those acquisitions take place. people need capital, and that's not always an efficient or neat process. but it is a process where sometimes there is a lot better risk return than simply buying commodity high-yield product, if you will. the other thing that happens when you get in an aggressive market is people make mistakes. but it takes time for those mistakes to be apparent in the market. so you have to be patient

he spoke exclusively to erik schatzker about his company's growth prospects and digital payment. >> weeed to replace the credit card system, cash stop everybody wants to replace cash. i think the opportunity fintech is enormous and we look forward to capturing a small percentage of that enormous opportunity in fintech. >> he tells bloomberg he doesn't think anyone should "have a considerable portion in crypto" because it is very early stage and very volatile. health minister says the country will in the mediterranean's fs masks and open spaces -- will and its mandatory use of face masks in open spaces. the government says they will follow medical expert guidelines on safety. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is "bloomberg." ♪ >> there's no question the fed needs to go into a period of normalizing rates and normalizing the portfolio. i think the question is how quickly they do that and how they do that in an effort to control inflation. jonathan: use treasury secretary sp

alix: that was bloomberg's erik schatzker speaking to orlando brava, brother founder and managing partnervo, bravo -- linda bravo, bravo -- orlando bravo, bravo founder managing partner. guy: there are many that argue it does serve a useful purpose. take a look at a company like wirecard. there are plenty of other examples out there as well. how do you express that concern? how do you express that market requirement to weed out the good from the bad? i think the meme stock phenomenon has changed the dynamic certainly. i don't think it is going to completely get rid of it. i think there is that risk out there, and i think it may be a useful purpose that the markets serve. alix: -- guy: maybe not a conversation starter, or maybe a conversation starter, depending on your point of view. coming up, the european close. we will be talking to john hardy about where we are with the dollar. we will do that in just a moment. 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 the

. >> that was nicolas maduro speaking with erik schatzker.estlake is to buy with american buildings product business. they propose the transaction and it has been approved by the boards on both companies. it is expected to close in the second half of 2021. we have been releasing that divestiture of the american business as being part of the turnaround strategic review and this sale has been expected. we are now getting confirmation of that. the acquisition will double westlake's building products business to add to those brands as well as broadening its footprint in the north american housing market. more to come. this is bloomberg. ♪ shery: the japanese government is allowing its biggest corporate brand names like toyota, softbank to administer vaccine shots to their own employees within office premises. for more on this, we are joined by sophie. how big a difference will this make? >> this program is definitely a shot in the arm, if you will, for japan's vaccine rollout, which has been criticized, but it has picked up in recent weeks. this