erik schatzker will lead that interview.ore on robinhood, as the treating app drops following an 80% surge yesterday. and we discuss the state of the wedding industry as the delta variant poses new threats to its come back. timothy chi of knot worldwide joins us. i am supposed to get married in valencia, october 1. i am starting to get a little bit nervous. amanda: i hope supposed to becomess will get married in october. of course, covid is still a factor. a willingness to look at earnings has stocks across america in positive territory, led by energy in the s&p 500. in terms of heavyweight groups, faang stocks, consumer discretionary moving higher. the big weak spot is health care. you can blame cigna and cardinal, and their results. cigna was down 11%, as the effects of covid hit their bottom line. on the other side of the ledger, booking.com is up about 6% on optimism and confidence that people will be traveling, and will get back to something closer to normal. for what it's worth, we have dueling outlooks on the market.

. ♪ erik: i'm eric schatzker and welcome -- erik schatzker and welcome to bloomberg's "front row.", i am talking to victor khosla, one of the kings of stressed debt investing. his company buys loans to take control of troubled companies. it is controversial and fund managers like him have been called vultures but unlike many of his peers, victor wants to improve and build the businesses he owns. he is critical of those who don't. victor: 95% of the distressed business is paper investment. so,

mark: he made the comments during an interview with erik schatzker. a superstar soccer player leaving the only club he has played she was 13. barcelona said they couldn't sign him because of his financial and structural obstacles. he had been expected to sign a new contract today. the most recent deal meant that every position was worth almost $675 million. this is bloomberg. ♪ -- $675 million. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton, this is bloomberg. ♪ joe: all right, we talk a lot about shipping and logistics on this show in the soaring costs of in orting goods by vessel from china to the u.s. it's actually easing a bit in the last few days, the costs of a shanghai to l.a., but still incredibly high. where does it go next? joining us now is the executive director of the port of los angeles. we have seen a smidgen of improvement, but barely anything. still incredibly elevated. give us some good news, when will the sea easing, truly,

. ♪ erik: i am erik schatzker, and welcome to bloomberg's "front row.", i'm talking to orlando bravo, the puerto rican billionaire who is shaking up the pinstriped world of private equity. his firm, thoma bravo, has grown at a blistering pace, from $10 billion in assets to $80 billion, in five years. unlike his peers across the buyout landscape, orlando only does deals in one industry -- softar.

. >> i am erik schatzker and welcome to front row.talking to nicolas maduro, president of venezuela. mr. madero is a controversial figure to say the least. he presides over a government many say is undemocratic and illegitimate. mr. maduro is still in power. the venezuelan economy has been crushed and he is a desperate -- and he is desperate for a way out of a st

>> that is the founder and chief investment officer of strategic value partners speaking with erik schatzker exclusive front row interview. coming up on "daybreak australia ," our guest joins us to take a look at the latest inflation numbers out of the u.s. as well as giving us her views on president biden's infrastructure plan. this is bloomberg. ♪ >> time for morning cause ahead of the asia trading day. speculation over the pboc trajectory is likely to pick up after the soft money and credit data we got from china for the month of july. while this number did disappoint, she is not stressing too much because trends have seemingly turned a corner, noting that households are sitting on piles of cash associate not expecting easing although a cut could be seen before year-end. macquarie sees scope for a rrr cut but is not expected easing as they expect china's delta outbreak will be quickly brought under control. with the government seeing sticking -- record calculating that could trim gdp growth by 1% to two percentage points. at bloomberg economics, flipping the board, they expect monetary an

howard marks was telling erik schatzker last week, it is tough out there.ut you have an investment vehicle here that provides, if i understand it correctly, at least 2% cpi. how are you able to do that? ed: those are conditions written into our leases. i was fascinated by the conversation you had with ira jersey just before we started talking. yes, it is really hard to find yield globally right now. you both cited the fact about how much sovereign yield around the world right now is negative. you were citing the u.s. 30-year auction was pricing in at 2.03. for the next 30 years? yes, we give our investors not only current income, yield is about 4.8%. we do have the ability to grow our dividend over time both through same store profit growth or rent growth, and through accretive acquisitions. along that line, we were one of the few reits last year to be able to announce a double-digit dividend increase, 10.9% last year. last week, in conjunction with the announcement of our acquisition, starting in q3 of this year, 9% dividend increase. so you get the combin

alix: that was victor khosla speaking with erik schatzker.t jody might think differently, that stuck listing today after going public. the spac's doing quite well come all about betting on those flying taxis. guy: this is the ultimate special purpose vehicle, but i guess they want to make it ubiquitous. alix: that was really good. nice work. guy: that was half the accident. it is not by design. this is my big question. they want to scale this, they want to make these things basically become as cheap as taking an uber as cheap as that's as easy as taking an uber. it will have a range of 150 miles. you will be able to use them all over the united states, depending on the rate of clearance. everything is going to evolve. but to get these things clear for a regulatory clearance, you are looking at a live shot outside the stock exchange. is the faa going to require that how big an impact will that have? we will find that out in the next hour. also in the hour, bloomberg asst management. cpi next. ♪ comcast nbcuniversal is investing in entrepreneur

he discussed at the blank check boom with erik schatzker on bloomberg's front row. >> they are not aermarket. they are not like this is the flavor, i got one of those flavors. we just raised a substantial amount of money, we want to invest it in a disciplined way doing what we do. it is not all about a little here, a little there. when we look at spacs, and by the way, we get the bench, the bank has come to us. but it is like, why bother? why are we getting distracted with all of this when we've got a pretty good opportunity in front of us here to do what we do? erik: do you think spacs are a legitimate vehicle for special situations? victor: i don't think so. erik: how come? victor: you know what, i will tell you what i think spacs are a good for -- are good for. if you have an investment, where some tech investment or something, where you can make a lot of money, or you can lose it all, a spac is interesting. if you look at some of our industrial businesses, some of our old economy businesses, the only way spac gets to buy into those is by paying more than a full price. when you pa

tonight, bloomberg is going to be premiering a tv special, "inside venezuela," where erik schatzker sits those who will decide the country's future. that is playing out over the weekend on bloomberg tv. european open up next. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works,

anna: that was howard marks speaking with erik schatzker. we discuss what the u.s. treasuries. that's next. this is bloomberg. ♪ ♪ >> it is the final diverse tokyo olympics. covid-19 still a concern on the ground with the capital hitting new record daily case within the olympic village. we haven't seen a new strain as far as ke know and the rate has been lower than in tokyo. still the concerns surrounding the virus ling we are the contagious delta variant. what does this mean for the prime minister in the upcoming election? polls showed his approval ratings dropped fueling 34% in a nikkei survey, the lowest since taking office in september. the olympics bringing ploverpbt excitement on the ground, it likely depends more on the covid-19 trends. bloomberg news, tokyo. anna: the latetons tokyo olympics there from on the ground in tokyo. you can see more of our olympics coverage and keep track over the results on bloomberg's medal tracker. now just eight mince to go until the top of the hour 52 minutes into our european trading session. we have european equity markets d