francine: but march?uess the biggest concern -- i don't know what your biggest concern in how we interpret central banks, if something happens and inflation picks up and it is not telegraphed to the markets and there is an ugly event. ms. lagarde: i would not be so concerned about and inflation pick up because there will be an inflation pick up for sure. we are seeing it in most advanced economies and beyond. that is something we regard as transitory, caused by energy prices, commodity prices. we are very attentive to the supply chain to see whether that mechanism is a demonstrated throughout the chain, commodities and energy, to prices and consumer prices and how the markets operate. mostly, we are looking at wages to see whether that will have an impact on wages, negotiations and salaries and all the rest of it. for the moment, we are seeing that as transitory. dani: turning to the july 22 governing council session. that was our exclusive conversation with ecb president christine lagarde. let's get the

for more we are joined by francine.s back in london after her harrowing journey to venice over the weekend. clearly it was well worth it to get this interview from christine lagarde. what should she say that surprised you the most? -- what did she say that surprised you the most? francine: it was not the toughest assignment let me put it that way. with the review changes is she has more tools to play with. put simply, we had that last thursday where we had the press conference. it was more difficult for the market to reconcile by the fact inflation can be above 2% and they can see through it without parameters. but the president going on to say that doesn't shift their view of when they will normalize monetary policy. yesterday it was clear it gives them a lot more room to maneuver. july 22, and this is why most of my interview was on the 22nd at that meeting, was to figure out if it was a technical adjustment or if we could have something more substantial for the markets. it seems the second when she answered. kailey:

anna: that was christine lagarde speaking to francine lacqua. have more on that conversation throughout the day on bloomberg. let's get a bloomberg first word news update. here is laura. laura: south african president extends his ban on alcohol sales and public gatherings for two weeks as the government struggles to bring a third wave of coronavirus infections under control. the country will remain on virus alert level for, the second-highest, although there will be adjustments including allowing restaurants to resume operation at half the seating capacity. the british government is expected to issue guidance. people are expected to continued wearing masks in indoor spaces even after restrictions are lifted in england on july 19. the vaccine minister told the bbc face coverings will not be mandatory, but there will be an expectation for people to wear them. it is coming to rome. italy won a dramatic euro 2020 final against england in penalty kicks after a 1-1 draw. england scored the first goal of the match at just two minutes, but the italians

francine: does it give you extra tools? it is not technical changes. ms.agarde: it is going to be an important meeting because number one, we are going to communicate definitely -- communicate differently. so what journalists are going to see is a slightly different presentation of our monetary policy decisions. i very much hope that it will be clearer, simpler, crisper, to the point, and as little jargon as possible. that is one. two, there will be a forward guidance review because we have to align with the strategy review which is completed. my sense is that we will continue to be determined by maintaining favorable financing conditions in our economies because we want to continue to support this recovery that is underway. so there will be some interesting variations and changes. alix: when is the right time --francine: when is the right time to start talking about an exit strategy? ms. lagarde: not now. now we are still forcefully delivering under these exceptional circumstances using exceptional tools which is the pandemic emergency purchase program, w

francine: in june, we opened up offices to employees that are fully vaccinated.was to look at july and august as transition months. we were going to slowly bring employees back in that were fully vaccinated. the other thing we were going to do is focus on leadership capabilities. we think our leaders play a big role in navigating how teams work. we are doing great leadership training, but we will also focus on well-being. we announced a partnership earlier in the month where we plan to focus on those two items in august in preparation for a september go live. we think that will now be pushed back by about a month. emily: cisco webex has been critical in keeping so many employees and employers connected. what does this mean for your physical office footprint? cisco is a giant company with offices around the world. does that mean you are scaling back on real estate too? francine: the webex changes have been phenomenal, because webex has leaned into an an inclusive product. driving this ability, whether you are working from home or in the office, to havve a differen

justin andrews, kpix5. >> francine on the watch. >>> in contra costa they're asking people to reduce by 10%. it serves about half a million customers in the northern part of the county from martinez to brentwood. a new snapshot of the statewide drought picture unchanged from last week with most of california in exceptional or extreme drought categories. stay up to date with drought conditions by zip code and latest water restrictions at kpix.com/drought. >>> drought to earthquakes. six small ones have hit since midnight. the biggest was 3.6 east of angwin. people reported feeling shaking as far as san jose and stockton. darren is back with us with a closer look. >>> one of the things that caught our attention besides the fact that any time there is an earthquake even if mildly in the bay area, we will make sure you know about it. it was the quick succession of five minor after shocks. they were all less than two and it turns out that's perfectly normal and typical behavior for an earthquake of is magnitude. we wanted more perspective. so i spoke with a seismologist from usgs. >> in t

madame lagarde told francine lacqua the definition is symmetric.ys asymmetric is david wilson. what do we have? dave: what we have is the comparison between the s&p 500 and its 200 a moving average. it is above that indicator for more than a year. stephen sutton meyer at bank of america ok look and saw what happened historically when the s&p 500 stayed above the 200 day indicator for the entire first half. eat some 34 cases going back to the 1920's when that happened, and only 13 of them actually managed to stay above the moving average for the entire second, so you have the potential for some dollar weakness. tom: so i should go to cash? dave: i am not going to tell you what to do, tom. tom: got it. thank you. anything else you would like to add to this? dave: the average is 13% higher. that is how much the s&p 500 was about this moving average because if you look friday, it was also 13% higher. that has kind of held up. that's the question of when things catch up between where the s&p 500 is now and what the trend has been over time. lisa: i was

tom: i just did a survey of nominal gdp for francine lacqua. in finland, i was surprised. germany, not all that good. the bottom line is they are managing a traditionally lethargic growth, trying to give it some form of umph. francine: -- jonathan: did you watch the town hall with the president last night? i will sleep. i think that is when kailey leinz wakes up. kailey, the president making the point that higher wages are the future for the policy of this administration. kailey: he is trying to make the case for future spending. he keeps reiterating that look at what economists and what wall street is telling you. they are saying it is transitory and therefore it must be that the pricing pressures are going to pass us by. it is not going to stick around forever and that makes it easier for the case to pump trillions of dollars into this economy, if chuck schumer can get his act together in the senate. jonathan: we will catch up with our washington correspondent and we will head down to the sea. you up to speed -- we will head down to d.c. the s&p advancing .2% after the b

francine lacqua will be up at the 9:00 hour, certainly doing a good job of that.ining us with what could be on the move. back to the markets, mark, on the macro level, i am reminded of have negative the asian session is that we are looking at right now, but dive urgently so. it is really focused on hong kong, down by 2.7% on the hang seng. there is a bit of fed taper in here, but there is also concern about why the chinese central bank needs to consider cutting the rrr rate, allowing more liquidity to banks. mark: i think that is right. it is showing they are concerned about the path of the economy. the stellar growth story has been long priced in china, and maybe it is time to trim that optimism a bit. that will weigh on european stocks. i do not know if it is a hangover from the football last night, but the european session is probably more risk-averse than in asia. in asia, we were seeing everything we can, but mildly, but now we are seeing u.s. futures decline, commodities decline. it might be the hangover, but it might also be of china, the world's second-lar

francine: do they give you extra tools?t is an even bigger meeting because it is not only technically, it is not technical change. >> it is going to be an important meeting because number one we will communicate differently. what analysts, experts, journalists are going to see, is a different presentation of our monetary policy decision. and i very much hope it will be clearer, similar, crisper, to the point, and as little jargon as possible. that is one. two, there will be a ford guidance review because we have to align with the strategy review we just completed. my sense is that we will continue to be determined by maintaining favorable financing conditions in our economies because we want to continue to support this recovery that is underway. so, yes, there will be some interesting variations and changes. francine: when is the right time to start talking about an exit strategy? >> not now. now is not the right time to talk about exit strategy because we are still forcefully delivering under these exceptional circumstance

francine: when is the right time to talk about an exit strategy? ms. legarde: not now, it is not the right time to talk about exit strategy. we are still forcefully developing under these exceptional circumstances and using exceptional tools, which is the pandemic emergency purchase program, which i expect to last at least until march. and possibly to transition into a new format after march. that is what we see at the moment, but i think we need to be very flexible and not start, you know, creating the anticipation that the exit is in the next few weeks. sophie: that was ecb president christine lagarde -- kathleen: that was ecb president christine lagarde. we have other big news, we forgive you if you did not see the top of our show, italy winning the euro championship, eating england -- beating england 3-2. let's look at the pound, because boris johnson has put a lot of hope in a win. the first time for the u.k. and 55 years. instead, a heartbreaking loss when you see your team losing and penalties. the pound pretty much unchanged, a little lower. we

christine lagarde has told francine lacqua that this will be an interesting meeting.ou asked, will the ecb's upcoming policy meeting prove more of a market mover? you say it will take a lot to impress the markets. what would be the thing that could move the markets? if you could answer the question that you laid out in your research. derek: well, i think it has to hone in on what the markets don't know that much about today. that alternately is what's going to happen next year, and what will happen specifically after the pet program expires at the end of march 2022. the markets fully expect something to fill the gap. we are going from around 70 billion per month -- we won't go to zero and carry on with app at 20 billion. there has to be some new framework. the difficulty today is that lagarde is going to get indications of continued aggressive stimulus beyond march 2022. she now has the reason to do that, which is the new framework which allows for a temporary transitory time over 2%. she has the formal framework to give that more aggressive guidance. in terms of deta

francine: good morning. i'm francine lacqua in london. not

if anybody should go, it should be you and francine.han: you and i could have gone and watched the game on sunday. tom: the metropole is halfway to arsenal from the fancy hotels. jonathan: tom keene, jonathan ferro, alongside romaine bostick this morning. lisa abramowicz off today. s&p futures up, 4331. we advanced 0.3 percent. yields are higher by four or five basis points. your yield on the 10 year this morning, 1.3411%. tom: it has come back. it is a better tape, plain and simple. jonathan: the nasdaq basically unchanged. tom: we need to get ready for next week. we will do that with jim paulsen of leuthold group. how important is this earnings season? jim: i think it is important. this market is facing a lot of negative things right now, everything from being up on his biggest 15 month advancement in stocks ever in postwar history. you have got covid variants scaring people. you got inflation surging. you've got the fed talking paper. you got the m2 money supply contracting. you've got the stock market wondering what the bond market

rry se casÓ con francine, tocÓ el arpa en la recepciÓn y fue hermoso.ocar a los 13 aÑos para burlarse del homosexual que vivÍa en la otra calle. terry le pidiÓ a sheila que fuera su madrina, pero no aceptÓ. seamos honestos, todos queremos ser superestrellas y hÉroes, pero ¿quÉ creen? los que hacen el verdadero trabajo, los que hen la diferencia no aparecen en televisiÓn ni en los periÓdicos. estoy hablando de las personas que se esfuerzan al mÁximo todos los dÍas. saben a quiÉnes me refiero. a los policÍas de repuesto. "impulsado por aceite 100% vegetal". allen: goldman sacks, este caso serÁ peligroso. - hola, lindos anteojos. - ¿quÉ fue eso? - ¿quÉ? terry: ¿por quÉ todas se fijan en ti? ¿cuÁl es tu secreto? allen: la verdad no tengo idea de quÉ estÁs hablando. terry: dime con quiÉn perdiste tu virginidad. allen: se convirtiÓ en actriz de televisiÓn, heather locklear. terry: ah, ¿heather locklear? ¿quÉ? allen: ¿la conoces? terry: por favor. allen: antes era menos delgada. terry: no lo entiendo, en verdad no lo entiendo. [♪♪♪] pirÁmide. [♪♪♪] (♪ música ♪

francine:

special presidential envoy for climate john kerry speaking to bloomberg's francine lacqua.o watch the impact of these terrible floods that we have seen, a city very well known for being a manufacturing hub, including where we see a lot of manufacturers, but you've seen really harrowing videos of the extreme floods we have seen. we have seen more than two dozen people being killed, 100 thousand people being evacuated as the catastrophic floods move through, and shery, we are seeing china and other places increasingly deal with these climate-related natural disasters. china is being deemed, like, this idea of climate relocation, being able to move them to other areas of the country that are not as affected by these catastrophic disasters. they have been able to do that before, right? 3.1 million people to build the three gorges dam about 25 years ago. shery: yeah, few governments around the world would be able to carry out these mass migrations. more extreme weather events. perhaps i could be a lesson for other governments, changing, intensifying, who knows where we need thes

officers john habard and francine martinez responded to a report of a person trespassing.een choking and beating the man. he was also heard threatening to kill him. the police chief calls the actions despicable. >> we are trying to do the right thing. we are trying to reform, and we are trying to make a difference. this is not the aurora police department. this was criminal. >> officer habard was arrested and faces felony charges. the other officer faces charges for not intervening. >>> "tulsa world" reports a high-speed chase ended with the oklahoma highway patrol used a pit uvy the suspects reached speeds of at least 130 miles per hour during yesterday's pursuit which started near stillwater. an officer used his car to perform a tactical move which caused the suspect's car to spin out and hit another vehicle. the driver was arrested. police say they found drugs and a loaded gun in the car. >>> and "the hill" says the senate unanimously passed a bill to award the congressional gold medal to the nhl's first black player. the bipartisan legislation honors 85-year-old former

. >> this is "bloomberg surveillance: early edition" with francine lacqua.d welcome to "bloomberg surveillance: early edition

francine: working towards a higher purpose has always been important for rose marcario, so much so thatt her private equity career and studied buddhist meditation in india for two years. she was then drawn to the clothing activist company patagonia. under her leadership, it thrived.

. >> this is bloomberg surveillance: early edition, with francine lacqua. ♪ francine: well, good morning

an interview with francine lacqua, she also signaled fresh measures might be brought in next year's. after the current emergency bond program ends. in cuba, state run media is acknowledging the -- they faced growing hunger after they were hit by slumping revenue since the pandemic struck. what it calls neoliberal opponents. richard branson has boosted their plan. branson and five employees rocketed into space from a carrier aircraft high above new mexico. they reach an altitude of more than 53 miles above the earth before the plane glided back down. a fundraising run completed at $37.6 billion. walmart joined investors including softbank and $3.6 billion. >> this deal will end the race to the bottom. instead of asking the question who can offer the lowest tax rates, we will allow all our countries to compete on the basis of economic fundamentals. on the skill of our workforces, on the capacity to innovate and the strength of our legal and economic institutions. jonathan: u.s. treasury secretary. good morning. alongside tom keene, i'm jonathan ferro. your s&p down 14 coming into monda

on the other hand francine lacqua will be heartbroken if italy loses, jon ferro will be heartbroken.f my best friends want italy to win, but i only care about my wife. tom: red sox take on the angels tonight. this just in as we are talking about boats. romaine bostick with wise counsel. one of our viewers, riley from st. louis. "boats are expensive." romaine: a dollar for the boat and $20. tom: stay with us. professor garten of yale university will do an outlet with david westin on "balance of power." ♪ caroline: after the fireworks of the weekend, futures doing a lot of nothing this morning in new york. from new york city for our viewers worldwide, i'm carolyn hyde in for jonathan ferro. "the countdown to the open" starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ caroline: we begin with the big issue. investors debating the fallout from surging oil prices. >> there are risks and opec-plus. >> we know opec needs to maintain oil prices at a certain level. >> what that means for inflation. >> it is a

stay connected with francine lacqua in london and kailey leinz in new york.n the day ahead. bloomberg surveillance, early addition. weekday mornings on bloomberg television. mark: i am mark crumpton with first word news. a total of 950 people, including journalists and officials will watch the opening ceremony of the tokyo the big games tomorrow -- told of you -- tokyo olympics tomorrow. that number does not include performers and athletes. organizers decided to bar spectators from venues in tokyo because of the coronavirus. australia, whose covid zero approach was once zeke gold standard, has been struggling with increased covid cases. the countries trade minister tells bloomberg that there is a new vaccination push. >> we have supplies coming into the country. we are about to ramp up quite considerably the vaccination rollout. we are reasonably comfortable, very comfortable, that we will have a vaccine by the end-of-the-year. mark: the minister also says australia will work with the united states on global trade

she spoke to my colleague francine lacqua over the weekend, sounding quite positive in some ways, talkingbout the opportunity that a new framework would give her. in terms of how divided you think the ecb is going to be going forward, when do you think the taper is going, given what you found is a reasonably optimistic picture in terms of the recovery and the delta fading into the background. ? dr. broyer: that is a good question. probably the ecb has a bit more time for tapering than before. . the new reaction function is yet to be discovered, so it will be very interesting to listen for christine lagarde at the monetary policy meeting of july. given sue trim work it -- even -- the target for inflation is a bit higher. saying that qe will remain above will mean that the risk of having the ecb starting discussing not only tapering, but reshaping of the balance sheet, that is why yields are going lower. guy: thank you very much, indeed. always appreciate your time. sylvain broyer joining us from s&p global ratings. coming up, the u.k. wants "the rate deal -- "the right deal" with the unite

tom: i did the chart going back to before the depression with francine this morning.er & -- robert -- roger ibberson's chart. this thundering silence is how we have not been able to get near an academic construct of 2%. pandemic crisis or whatever, and there is a rationalization of potential deed -- gdpr over -- under 2%. jonathan: 1.4% for 22. 1.4% on cpi. tom: you have to watch "ted lasso" the whole season before you watch season one. jonathan: i will come in morning unprepared. that will be two of us. the s&p up 21. yields 1.2897. this is bloomberg. laura: with the first word blue -- news, i am laura wright. talks between the u.s. and the european union on vaccine passports is because -- are making little process. the e.u. launched its covid path at the beginning up -- pass at the beginning of the month. the block is on advanced talks with u.k.. tom barrack is back in federal court in los angeles. the trump ally will learn whether he will be released on bail after being charged with illegally lobbying for the united arab emirates. prosecutors say he is a flight ris

the words of francine lacqua just a couple of weeks ago, this is what ecb president christine lagardey. " forward guidance will be revisited." i will guess we are going to find out. tom: the press conference, it is a joke, but it is not. jon has been in the press conference. the ecb press conference is way sharper than the fed press conference. it is like a room full of michael mckees. it is going to be interesting. jonathan: i like that you have done this and not me. you are talking about the quality of the ecb press conference. tom: it is not going to be a snooze fest. jonathan: i hope not. tom keene, jonathan ferro, kailey leinz this morning. lisa back with us on monday. the s a b .1% -- the s&p advancing 0.1%. the ecb decision moments away. this is bloomberg. laura: with the first word news, i'm laura wright. it is almost as if the pandemic and long tariffs between the u.s. and china never happened. the two countries are shifting against each other at the past a space in years. china is buying more of american farm goods and u.s. imports are described as being through the roof, bu

another officer who responded francine martinez face as misdemeanor charge for violating a colorado policebility law that requires law enforcement to intervene when they witness an abuse of force. the chief of the department condemned the violent arrest. >> we're disgusted. we're angry. this is not police work. >> aurora's police force has been under scrutiny before in an abuse of force incident in 2018 elijah mcclain died at the hands of police after he was stopped by an officer and put in a choke hold. the city's police chief called friday's arrest quote, criminal. reggie. >> thank you. >>> now to the east bay. antioch police officers are being equipped with body cameras. a city councilman posted the news on his public facebook account. he said that dash cams will arrive soon. last weekend he released a video proposing an increase in police officers by two and a half percent until the city reaches the state's standard of nearly 1.5 offices per 1000 pe residents. >>> contra costa county is keeping a ban on selling or delivering vaping devices. the board of supervisors voted to extend the

number two behind lebron james in game seven against the warr watch party thousaonightixns sister francinew is a former principal at our lady of the sacred heart near pittsburgh and her fellow nuns come together at their convent to root for former student and current sun cam johnson who scraped the heavens with that dunk he had in game three. they call cam the perfect gentleman, so all eyes all across the country will be on game five here tonight. we got a three-game series, one team needs to win too. guys. >> we know it happens when the nuns start cheering for you, so maybe they've got an advantage. >> all right, all right. >> will reeve, we'll have to wait and see how that plays out. you can watch game five of the nba finals at 9:00 p.m. eastern right here on abc. >> of course, terrell joining us from chicago. how did the bulls do this year? >> do we want to talk about it? >> yeah, right. it hurts a little bit. that's okay. >> shots fired. >> better luck next year. >>> all right, still ahead here on "gma," britney spears letting the world know exactly how she feels. her message on social

jonathan: here's what -- francine: closing the loop, chinesrgu

the conversation with francine, strategic review, how much clearer, unshackled by the language of historyt close to below 2%? an equity stake language, -- anachronistic language. let's bring in david kohl. unshackled by the language. clunky language, close to or below 2%. there is a tolerance for higher inflation. how does christine lagarde and the ecb defined this new forceful level of toleration? >> they will signal that it is the target of 2%. the big question, the strategy, what really works with implementation. at the beginning of the press conference, you will hear this message. it will probably be in preparation for what comes later this year. you will see inflation, 2% due to base effects, temporary effect. they will tolerate even further going into the future. manus: do you think they will give an explicit target of what they might tolerate? do you think the ecb may go further than the fed. how will the ecb defined tolerance for a higher level of inflation? >> i don't think they will. their strategy gives them much more flexibility than, for example, the fed. the ecb, they say th

she spoke exclusively to francine lacqua. >> we have a new framework that is unanimously approved byhe governing council and we are going to let, as we always do, looking at the circumstances and looking at what ford guidance we need to revisit. we are going to look at the calibration of all the tools we are using. we are going to make sure it is aligned with our new strategy and given the persistence we need to demonstrate to deliver on our commitment, forward guidance will be part of it. >> it was and always big meeting, but it's not a technical change, is it? >> it is going to be an important meeting because we are going to communicate differently. what analysts are going to see is a slightly different presentation of our monetary policy decision and i very much hope it will be clearer, simpler , crisper, to the point and as little jargon as possible. there will be a ford guidance review because we have to align with the strategy review we just completed. my sense is we will be determined by maintaining favorable financing conditions in our economies because we want to continue to

another officer on the scene, francine martinez, faces misdemeanor charges for failing to intervene orf force. >> help! help -- i didn't do anything. >> reporter: authorities have yet to say whether vinson will face charges for an outstanding warrant on a probation violation. >> didn't do anything, dude. i was just fighting for my life, man. >> reporter: officer haubert is on administrative leave without pay. his lawyer would not comment but says that he will zealously defend his client. officer martinez is on leave with pay which is department policy when charged with a non-felony. we are seeking comment from her or her attorney, but so far we have not heard back. >> wow, jeff. that video is hard to watch. once again, video holding officers accountable. thank you. >>> and a reminder -- you can always get the morning's news by subscribing to the "cbs this morning" podcast. hear today's top stories in less than 20 minutes. >>> up next, we take you back to tokyo where covid cases are surging and one doctor is warning the medical system could collapse. we'll be right back. there's an amer

. >> we have statements from francine merar and from larry merar, divorced parents of marni, before thistorneys sort it out with the police. >> the lawyers will take care of it. oh, what a stupid idea. >> it was a rash and ill-conceived decision to protect my children. >> marni took a polygraph, and the polygrapher said she's being honest in her answers. >> the state attorney's office says this whole idea of marni making stuff up is nonsense. >> they say days before christi and marni met at that denny's, christi had already given police all these details about what marni had told her in the past about the murder. >> and then when she and marni meet, marni's repeating the same details. how would she know unless she did the killing? >> jed, if you're facing life in jail, wouldn't you say, you know, guys, i was kidding. i was confessing on behalf of my son. but that was never brought up at trial. >> i can't account for the trial lawyers' strategy at that trial. >> you're telling me now that you lied when you confessed to all those things that led up to the murder of rhoni reuter and the cov

. >> reporter: aurora officers john haubert and francine martinez responding to a trespassing call, attemptingarrest 29-year-old kyle vincent and two other adult men. authorities say all three had warrants out for their arrest, but the scene quickly escalated. haubert drawing his weapon. >> hands all the way out in front of you. >> reporter: moments later, he has a gun to vincent's head. >> you have a gun pointed at your head. >> i don't have a gun. >> reporter: police say haubert then hit vincent in the head with his gun 13 times. the officer then pushing down on vincent's neck. >> you move, i will shoot you. do not move. >> i didn't do anything. >> reporter: vincent ultimately arrested and taken to the hospital where he required six stitches. he has not yet responded to our request for comment, haubert now charged with assault and martinez charged with not interfering, which is a colorado state law. both now released on bond. both officers now on paid administrative leave, and they have hearings next month, and, michael, the officer directly involved in that altercation maintains his innocen

francine off of facebook saying, the fact that our voting process is not secure concerns me.ndre adds his concern, that all citizens are not automatically registered to vote. on voter ids, saying there needs to be voter id in every state. virginia stopped theirs as well and moved to their ballots to another building. absolutely crazy. from facebook, saying voting should be accessible to people and also complicated people decide not to vote. everyone's voice should be heard in an election. you can post on facebook. twitter is available to you as well. text us if you want. put those in a text and send it to us as far as your voting concerns. you can do so at (202) 748-8003. susan in germantown, maryland. caller: thanks for taking my call. i am dismayed by what i am seeing now, people being denied the right to vote. i think the reason why they are doing it is because they are afraid of the changing to a graphics. -- demographics, to prevent minorities from rising to positions of power. within a decade or two, minorities will be the new georgie -- majority and whites will be the

and there's monique francine.oing 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 we were back

. >> this is bloomberg surveillance: early edition with francine lacqua, matt miller and kailey leinz. matt: welcome to bloomberg markets on this monday, july 5. i am matt miller with dani burger in london. high-stakes standoff. saudi arabia and the uae ramp up the tension in their opec dispute over oil production. we will continue to cover that for you. china tightening its grip, beijing expands its latest crackdown on the tech industry beyond ride-hailing giant didi. they pull others into national security concerns as well. joe biden's mission accomplished moment. the president all but announced -- -- the president all but announces an end to the pandemic in the u.s. is the mission really accomplished? we will talk about that as well. dani, what are you seeing in the markets? dani: we didn't get the number above 70% and then you had -- giving away free beers. how is it not mission accomplished if the u.s. is giving away free beers? matt: that is how they will spin it. dani: the vaccine rollout is going on, so that is good news. when it comes to the data, it really is all about opec