francine: who has the savings? wealthier individuals who have less propensity to spend, versus lower income individuals that are more likely to spend? the implications here have to be emphasized. the idea that if we do not get's estate -- helicopter money, printing trillions of dollars in cash, what are the long-term implications? for me, this is a massive question we will be talking about for years to come. jonathan: how much you let this play out to see a -- and labor market. the fed wants to wait. kathy jones will be during me -- will be joining me in 20 minutes, we will talk about a big jobs number. kathy thinks august-september. that is when you will start to see big numbers and you are not going to see them this friday. tom: i don't have an opinion, but it is important the way she takes timeline out. so few people are looking at q3. jonathan: pushing it back to the summer. lisa: if things have not gotten back to normal fully, yet there are more job openings, how do you square that with all those people out of

francine: a no-nonsense answer on a no-nonsense issue.f executive, jesper brodin, every second counts. as the head of a $40 billion business that wants to cut 1% of all global greenhouse emissions, brodin embraces the enroen

i'm francine lacqua here in london. global stocks start a new

francine, thank you. >> thanks, tucker. >> tucker: so dr.t the shot. she's traveling across the country to brown beat them, no matter whether or not they needk it. we don't want to gloat or anything, but we do have the tape. we are probably going to show it to you after the break. ♪ ♪ ♪ ♪ as the covid-19 vaccines become available you may have questions. and that's normal. so, for the latest information, visit getvaccineanswers.org it's up to you. >> tucker: well, the house judiciary committee passed six bipartisan antitrust bills today that fit finally in the end need to break it up with the tech companies. one bill, called the american choice innovation online act prohibits big tech company from giving preference to their own products on their platforms typical antitrust legislation. it prevents them from discriminating against their competitors. another build called and didn'tn play act and that bill could force tech companies to break up in the end and sell their assets. they will pass by a single vote by two republicans. matt gaetz. repu

. >> this is "bloomberg surveillance: early edition" with francine lacqua. francine: good morning. early edition" i am francine lacqua. here's what is coming up. a mixed picture for stocks as investors wait for jobs rep

francine, thank you so much for coming on.n't know if it's true, but i think you would note, that britney spears is being prevented from having children. by the some sort of court order or getting married -- cannot be real? >> you know, tucker, it doesn't seem like it should be real in america. she is almost 40-year-old woman who is very wealthy and successful based solely on her own talent. and yet, it is true. she has conservators, that is people like guardians if you want to think of them that way, that decide everything for her. including what she can and can't do with her own body. whether she can get married, whether she can have children. there is someone else who decides how much money they can spend. she has an allowance, she's worth millions of dollars, and she gets about a thousand dollars a week and an allowance. so now she's in control of no aspect of her life and i think it should frighten all of us, considering if it can happen to someone as wealthy and popular as britney spears, who couldn't they do it to? >> t

they look like francine lacqua's children at a distance. more from the g7 meetings. our guy johnson in cornwall. right now we go to david lord wilson on the equity markets, and you've got the momentum. dave: specifically the value of moment them stocks. tom: what is a momentum stock? give me a name. dave: they sickly, stocks that rise faster than others. tom: apple and amazon. dave: that's what we think of. the best-performing industry group in the markets, energy. not exactly expensive when it comes to earnings. financial stocks also among the top performers. again, relatively cheap. so what's happened is msci goes through its index twice a year and does what the collie rebalancing. -- what they call a rebalancing. with the msci world momentum index, which tracks developed markets, 23 markets around the world, before the rebalancing which was done two weeks ago, that index was valued at 30 times projected earnings for the next 12 months. tom: so they went to energy stocks. what is it valued at now? kevin: around 8 -- dave: around 18. tom:

francine: good morning everyone. welcome to "bloomberg surveillance: early edition"

tom: i only speak french with francine, and usually i have to have something in my hand.: how is your german? lisa: can i point something else out? five-year greek yields are negative. tom: that is stunning. lisa: dear member when people worried about the sovereign debt crisis? negative yields for five years in greece, of all places. we were talking about complete solvency. talk about a complete reversal in fortunes that is purely ecb driven. romaine: ferro would be all over this. tom: five-year greek yields are negative. lisa: i try. tom: somebody just drove off the garden state property listening to that. we welcome all of you on radio and television on the historic state. our coverage on radio and television at 1:30. brian levitt with us. jan hatzius as well. 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 f

francine, you got on this bus in phoenix and you're heading to d.c. why?elieve in voters' rights for all people, not some people. i grew up in texas and louisiana, and saw a lot of injustices done in the '50s and '60s and i marked with cassius clay and i want to go to washington to let people know we need our rights and we need voters to go out and vote and not be afraid. just too many injustices done. >> this week they're debating legislation in capitol hill and there's potential for bipartisanship or so democrats hope in and what is your message when you get to washington, d.c. to your senators and we need that bill to pass. we need it to pass. we want voters' rights for voters, for workers and for all people, black, white, purple. i have grandchildren. i have children. i want them to be able to vote in the near future and not be afraid of voting and what's going to happen if they don't get the bill passed. we want the bill passed. >> very good to meet you and we'll be on this leg with you all of the way to north carolina and you are headed to d.c. on th

. ♪ ♪ francine: would you hire someone who is a climate change denier? don't want to be put of the convincing. >> in no nonsense answer on a no nonsense issue. for the ikea chief executive, every second counts. as the head of a multibillion-dollar are your business, jesper brodin embraces the enviro

and there's monique francine. and so tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today

i had know many people francine. joe, i know a lot of people in shanghai hoping syndrome. i know. i think that the width is what, what they were accusing china of about the weakest if a show of hypocrisy and was standard and the international olympic committee as a simple non governmental organization is supposed to be strictly politically neutral at all times. a boy called have been shown to negatively impact athletes, while not effectively addressing global issues. judging from history, similar practices in the past have never completed the selfish and narrow minded political goals. and the idea of politicizing sports is and welcoming for many countries to south america where there's been abroad in the bolivian parliament. fissions were flying on tuesday during a debate over the rest of several officials, including former interim president jeanine anew as she took power in 2019, in what the ruling socialist party now considers to have been illegal. a large fires broken out in parkland in barcelona, less than 100 meters from residential buildings. strong winds are causing it to s

announcer: this is bloomberg surveillance or early edition with francine lacqua. everyone, and welcome to bloomberg surveillance early edition on ts

my colleague matt miller and francine lacqua spoke earlier with the cofounder and ceo who has his flighthis eyes set on a newark to jfk shuttle. >> we are developing an all electric vertical jet. it is seven seat aircraft and we are offering these aircraft in an intercity shuttle service that offers high-speed connectivity between cities and enables us to achieve hours of time-saving. the new york jfk route is probably one of those i'm getting asked about everyone who is in new york and we could save a lot of time on this route. we are also excited about flying longer trips we can achieve hours of time-saving on a high-speed connectivity without the need to build new rails. this is an opportunity to provide high-speed connectivity for millions of people around the globe. >> it looked like a guy playing video games but i'm guessing these will be drones. they want to be flown by a pilot in the vehicle and they will be electrically operated. >> yes, it is all electric. it will be flown with a pilot on board fitting in the aviation regulation framework so you will have a pilot on board certi

francine lacqua in london. here's what's coming up. war and peace.

. >> this is bloomberg surveillance with tom keene, francine lacqua and lisa abramowicz. jonathan: good morning. this is bloomberg surveillance, live on bloomberg television. alongside tom keene and lisa abramowicz. equity futures this morning, unchanged on the s&p 500, a simple message coming from morgan stanley. get back to work and when you come back to work, you better be vaccinated. tom: today, john and i are totally on the same page. read that statement from the director of hr. this is a hard-line approach, coming back to the office. it was john dropping -- it was jaw-dropping. see, and we see it throughout society. there is a lot of market activity to talk about. the delta variant is front and center. wall street's decision is to get vaccinated. jonathan: the counting in new york, we are going to be counting for a couple more weeks. tom: it is pretty straightforward. we don't need to go into all the details. this is about crime, about public safety, a metaphor for every city around the world. the thing that absolutely stunned me is the gentleman from brooklyn, mr.

she spoke to francine lacqua, alongside deutsche bank's ceo for u.k. on creating an inclusive environment, retaining female talent, in the future of work. you can watch it on bloomberg tv this weekend this saturday. eu stocks have edged modestly higher today. a jump we signed inflation yesterday is likely to be transitory or fleeting. i hate saying transitory. have you found another word for this? generally positive on the stocks, but you have been on for hours more. i imagine you have been able to think of some other vocabulary for this transitory inflation driving the market. juliette: where is manus when you need him for another word or a resource. we have been -- thesaurus. asian stocks have been trading in these narrow ranges for 8 sessions or so. what has been interesting to see has been somewhat domestic issues, particularly coming through in china. the government asserting sweeping powers to seize assets and blood business transactions -- block business transactions. mark cranfield making a good point that the csi 300 looks like it could start

francine: i have the good -- tim: i have a good fortune to work with jeff.al 3d printing, we remained with jeff through the years. we have taken a rigorous approach to development and i think that he will be safe. it is a big vote of confidence in what they are building. i think it will be a fun ride. i think it will be intense. you're launching yourself to space. this is not for the weak hearted. i think it will be successful going back to 3d printing. we will be able to build more reliable rockets. emily: i know there is a much longer answer here. if you could put bets on virgin galactic, spacex, or blue origin, which do you pick? tim: if you look over the last few decades, spacex has been the dominant force and docked with the space station. we are fortunate at relativity that we have a lot of people that built revit space 1.0. -- private space 1.0. they launched over 10,000 rockets with relativity. i think there will be successive generations that you see really making this future happen in a big way. emily: a long and eventful space race to come. tim el

francine: away from transitory -- jonathan: away from transitory to a more balanced view.gineered a nice move in the u.s. dollar. tom: the silence of the ecb, will do much more on that enter july. anthony emails, says andrea, we cannot get the joy of the men from del monte. tom: i am wearing one of my bathing suits. i wear this suit to weddings and divorces as well. also, always a sartorial, ron temple joins us now from lazard asset management with a really brilliant not. i love how you extend out to an elevated but not a panic inflation for 2024. should i be worrying about inflation? ronald: i think you should be thinking about inflation but i think the debate about inflation should really start focusing on which side of 2% are we going to land on tom: when i think about -- land on? i think increasingly the possibility is that we will land in that 2%-3% zone. we are not going back to the 1970's but it has meaningful implications for asset allocations. tom: mr. correo has talked about the bright lights of nominal gdp. does your elevated inflation and give me a larger nomin

matt: i haven't talked to him in the last hour but i believe francine did early this morning. it's interesting, you asked me if there was a euro level that would make people scream. every time i hear someone talk about euro levels, i think of the famous trichet doctrine, it doesn't matter where it is, it just matters how fast he gets there. right now, we have seen euro comfortably around 121 -- 1.11-1.22. tom: lisa, i know you will do it in your brief, but the symbolism of the president to the united kingdom. lisa: the idea president biden will take his two-week tour of the full world. tom: the grand tour. lisa: and set out the global agenda at a time where there is so much domestic uncertainty with respect to policy. i'm wondering how much he will be able to shore up support from the allies, especially after the move the u.s.-made to shore up the tech sector in particular to compete with china yesterday with the bill. tom: different views from europe of president trump and some of the controversy there, and certainly meeting with the queen of england. it goes back to presiden

and there's monique francine.o tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today than

francine lacqua and i had quality time with him and davos, and other locations, but this is without question the most financially and economically astute member of the g7. he is from the massachusetts institute of world-class economics. linking that into policy as well . what is the policy goal, guy johnson, of this british g7 meeting? guy: the policy goal of this meeting i think is to -- from boris johnson's point of view is to put boris johnson and brexit britton on the stage. he wants to deliver a diplomatic coup to be able to give that momentum. beyond that, i think there is a strong feeling that what needs to come out of this is a number of things. first, we need to get the vaccine sorted out. needs to be humanitarian effort which has a huge economic backdrop to it. lisa was talking about the assistance that will be required to put many of these economies on the right trajectory. covid and vaccines need to come first, the economy comes after that. only can the economy, after the vaccine situation is sitting out -- sorted out. then there's the sense of a need to put all of these countrie

terry and francine in south carolina, fran and rachel in cape cod, massachusetts.and their dog francesca in colorado. andy, avi and lucy in minnesota. there's ji hoo watching from the chesapeake bay and celebrating her 90th birthday. happy birthday, joe. send us a mug shot with sunday today you might see yourself next week. you can get the big sunday today mug on-line at today.com/shot. thank you for spending part of your morning with us. enjoy this father's day and we will see you right back here next week on "sundayoday." t >>> good morning. it is sunday, june 20th. 7:00 on the dot as we take this gorgeous look outside in san jose. the sun is shining for a perfect day to celebrate the dads in our lives. happy father's day to everyomayo joins us on, all of all days father's day. you could be sleeping in. >> or having my twin boys jump on you. >> we appreciate you being here. >> you have sunshine. other parts of the

and there's monique francine. and so tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today

francine: good morning everyone.

and there's monique francine. and so tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today

and there's monique francine.ou about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today than we were back then. so here go our demands.

and there's monique francine. and so tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today

and there's monique francine.and so tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today

and there's monique francine.d so tanya is going to come up and speak to you about what our demands are for mega-black budget watchdog group. thank you. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today th

and there's monique francine.ou. >> there's not enough noise in this audience. i need to hear y'all. i got some questions for y'all. you ready? so on the first of january in 1863, that was 158 years ago, the 16th president of the united states named abraham lincoln signed into effect an emancipation proclamation which changed the legal status under the federal law of more than 3.5 million enslaved african-americans, and let's be serious, we were called negroes then, from enslaved to free. so i've got one question for y'all -- anybody who is black in san francisco, answer my question. are we free? >> no. >> okay, there you go. so now you know why we had to establish what we've established. the mega-black budget watchdog group demands that the city and the county close the gaps of black san franciscans. and three reports and 55 years of studying black san franciscans found we are worse off today than we were back then. so here go our demands. number one -- we demand that $60 million to be a baseline for the human ri

and there's monique francine.or black san franciscans. number two, we demand $40 million to address black disparities in closing educational gaps, mass incarceration gaps, gaps in job training programs, and to reestablish the black workforce and to pay the fines and the fees that are associated with those disparities. number three, we demand culpability, meaning that we want them to be held accountable, all right, for all 54 city and county departments to be held accountable again, so that everybody can hear me, for the disparities that i have deliberately caused to black san franciscans due to a lack of dollars, care, which they have, right, we think -- well, we know they've got the dollars and we don't know about the care, we're still working on that, okay, to this day has failed to address in our community. number four. we demand that the controller's office conduct a 15-year audit of previous moneys given to the black community and compare these dollars to all other ethnicities who received funding in the same