, doctor van gupta. health metrics and evaluation. great to have all of you here. so doctor vin gupta, the post story at the washington post talks about the document here -- that got my attention, doctor vin gupta. what do you make of this situation and how does it change things? >> good evening. frankly, i don't think it is changed at all. this is an indictment of confusing messaging from the very top. i think your team has an image that i shared many months ago that my pulmonary colleagues and i have been trying to share and disseminate. this is on the left, for all of the viewers out, there and on the right through our lungs of covid. acute respiratory distress syndrome. that message was never clearly communicated through images, authentic messengers through the very beginning. people say, what changed? if you look at the cdc data presented before, it's clear that the vaccines pfizer, was protected against hospitalisation in israel, canada, and england. even against symptomatic illness we saw 87 to 88

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sanjay gupta.eed to know if you are vaccinated, you're protected from serious illness or death. am i correct? >> yeah. no, that is what the initial trials showed, and now you got close to a billion people who have received vaccines around the world, and the real world data reflects that. as you just mentioned, don, 99% ending up in the hospital are unvaccinated. that is quite a crucial statistic if you think about it. it's still out there making people sick but 99 times out of 100 if someone is sick enough to go to the hospital, it because they didn't received vaccine. >> what about breakthrough cases, a cluster here on the east coast. the town manager known as p town a popular beach destination is aware of positive covid cases and a number of them are breakthrough. should vaccinated people be concerned? >> no. this is a really important sort of an in this cnik d an in this this case dote. people that are vaccinated are far less likely to get sick, far less likely to get sick and have to go to the

sanjay gupta. doctor, good to see you. thanks for joining. >> hey, don.talk about variants and rising-case numbers, people need to know if you are vaccinated. you're protected from serious illness or death, am i correct? >> yeah. no. that -- that -- that is -- that is what the initial trial showed. and now, you got, you know, close to a billion people who have received vaccines around the world and the real-world data reflects that. as you just mentioned, don, 99% of people who are ending up in the hospital are unvaccinated. i mean, that -- that is a -- that is a -- quite a crucial statistic, if you think about it. it's still out there. it's still making people sick. but 99 times out of 100, someone's getting sick enough to go to the hospital, it's because they haven't received the vaccine. >> what about breakthrough cases, sanjay, that we are hearing about? a cluster here, on the east coast. the town manager of provincetown, known as p town, a popular-beach destination in cape cod, says that he is aware of positive-covid cases and a number of them are br

i'm ritika gupta.resident biden is signing a wide-ranging executive order today and get promoting competition in the economy. amongst other things, it calls for supporting programs that would import cheaper prescription drugs from canada, save money on internet bills, and make it easier for people to get refunds from airlines. the president also seeks greater scrutiny of the tech industry. the biden administration will reportedly at least 10 chinese entities to its economic list, according to reuters. the move has to do with china's alleged rights abuses against ethnic uighurs. pfizer's plaintiff request u.s. emergency authorization for its boosted u.s. covert vaccine after it increased protection from coronavirus. still, signals say they would take a cautious approach to approving a business "bloomberg surveillan -- approving a booster shot. police said 28 people carried out an attack against the president of haiti. two were described of u.s. citizens of haitian descent. billionaire richard branson ha

vin gupta about the surge in delta cases. first to our health and science correspondent meg tirrell. meg, break down this new study with the slashing headline late this afternoon in the "new york times" about the j&j vaccine >> reporter: yeah, shep. this is a study from a lab at nyu that looked at antibodies generated by the vaccines to see how well they hold up against different variants, and it found that for people who got the single shot j&j vaccine the antibody levels against the delta variant may be low enough to be less protective. now the study isn't yet peer reviewed and jandohnson & johnsn is taking issue with it. j&j's is the only one-shot vaccine for covid available, a codifferentiator and ease of distribution and access. about 13 million americans have had the shot of the more than 161 million americans who are fully vaccinated j & j telling us tonight its own data showed the vaccine generated strong persistent activity against the delta variant and other highly prevalent variants now we also reached out to the c

gupta what do you make of the sentiment of his remarks there? >> well doctor hazel tina saying that we should mandate the vaccine or have, and this is a bugaboo word, passports, but some sort of certification. i'm up to mind that if we do that for polio vaccine, if we do that for meningitis for kids about to enter college, there is no reason why we can't have that same expectation for the covid vaccine. there is a lot of noise, for whatever reason that has confused this debate and not allowed us to have proper context. i think he is right. we need to have clear incentives in place, we should be talking about going backwards, we should be making it clear that if you are vaccinated you can do xyz, if you're not, you're not allowed to do those things and we should move towards mandating for certain people, including school age children. i think you're gonna see that. >> and peter, let's again take off on what the doctor just mentioned, he used the word noise which impolite society has come to mean disinformation and misinformation on the vaccine an

i am ritika gupta.s is bloomberg. ♪ >> as the economy reopens, i think the shortage in housing will become more acute and we continue to like it as a sector to invest. tom: jonathan gray with blackstone. bloomberg wealth and david rubenstein. this is a penetrating interview. on top of where we are into the summer of post-pandemic or coming out of the pandemic. jon gray with real wisdom. look for that tonight at 9:00 in new york. romaine bostick and matt miller in for jon ferro and lisa abramowicz. romaine, where are we on weibo? romaine: we are basically where we were a few minutes ago. up about 11% or 12%. we work well above 70 a little while ago on that report out of reuters the company might be considering coping private -- might be considering going private. a brief statement that report is "not true." tom: always true is barry ritholtz, dead on with market wisdom and particular the joy he actually runs money, which is a clarifying experience as well. let me start with that. you have a chestnut repo

vin gupta who has advised on public health. he's on faculty of the washington university institute on health metrics and evaluation. great to have you here. dr. gupta, the "washington post" story reports that the document they obtained, quote, strikes an urgent note, revealing the agency knows it must revamp its public messaging to emphasize vaccination as the best defense against a variant so contagious that it leaps from target to target more swiftly than ebola or the common cold. that got my attention. what do you make of this information, how does it change things? >> good evening, chris. frankly i don't think the war has changed at all. this is an indictment of ineffective and confusing messaging from the very top. let's call it what it is. i think your team has an image that my pulmonary colleagues have been trying to share and estimate out. on the left, those are healthy lungs. on the right, those are lungs ravaged by covid that my colleagues care for in the icu. that's acute respiratory syndrome. that's what the vaccina

i'm ritika gupta.he european union's has it will postpone its push for a digital tax instead, a broader agreement will be worked out between the world's countries. the european union had already worked out a package against tech giants like facebook and google. in cuba, state run has acknowledged the outbreak of antigovernment demonstrations. cuba has faced growing conger after its economy was hit by a slump in tourist revenue during the pandemic. shares of virgin galactic are higher after richard branson shot into space. branson and five employees rocketed into space from a carrier aircraft high above new mexico. they reached announced to the more than 53 miles above the earth. a wildfire pushing california toward the brink of blackout. the blaze is waiting -- is raging uncontrollably across southern oregon. nevada paces a power emergency. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this

gupta is talking about. >> julie, peter raises a great point. and writ large it is that polling has a funny way of finding itself into policy and opinions and the public debate. and lo and behold the latest ap poll on something like infrastructure is what 55-42. the question could rightly be asked when is joe biden, when are the democrats going to take those numbers out for a spin? the problem is they've got recalcitrant members in their own caucus, say nothing of republicans. julie, is there any evidence of movement on this? >> well, i think some of the democratic frustration comes actually from the idea that the bills that are on the floor, going to be on the floor soon don't go big enough. and that's the real frustration that a lot of the progressive wing of the party. they would like to see the investment in human infrastructure, child care, some of the things that would come in that later package be far bigger than what i think democrats are ult amtally going to do here. i do feel democrats feel they'll be able to go -- if these packages pa

i'm ritika gupta.il jumped to the highest price in more than six years today after a bitter fight between saudi arabia and the united arab emirates blocked a supply increase and plunged the willison into crisis -- plunge the coalition into crisis. the coming days will if it is as destructive as last year's price war. there is a heavy dose of skepticism. it's good news for pubs and nightclubs, but there's also the issue of liabilities surrounding infection in the work base. president biden and russia's vladimir putin face a test over agreement in. president biden asked to keep a flowing into syria. that will require the two nations and other members of the united nations security council to reach agreement. the cost of renting a home is soaring in sitting across -- in cities across the u.s. the median national rent climbed 9.2% the first half of 2021, squeezing the finances of low income households and posing a threat to the idea that pandemic inflation will fade away soon. shares of ride-hailing giant

gupta, we are seeing so many more cases now.e spread? >> good afternoon, andrea. good to be here. you know, given the fact that the vaccines, if you're fully vaccinated especially with two doses of the vaccine are so very protective against the delta variant and the emerging threats, i'm not. we need to remain calm and not respond day over day to the rise in cases which is as we see, the rise in cases has decoupled from a rise in hospitalizations and deaths. >> dr. gupta -- with my apologies, we want to just quickly switch back to kevin mccarthy he's being asked what is so wrong about having liz cheney on that commission in january 6th. >> she said no. she just wanted to make it political. >> when we responded back to her she waited ten weeks to say anybody else. i think even your viewers understand what a sham this committee is and how politically driven. for her to pick and choose who can serve on to say the ranking member of the judiciary who has jurisdiction cannot serve, when she decides that jim banks who served his nation

i am ritika gupta. this is bloomberg. ♪ >> inflation will be less temporary. it is true there is a supply shock, which is temporary. the real reality is demand has jumped because of expansive fiscal policy and pent-up demand because most americans are better off than they were before the pandemic and have been ever since. jonathan: that was rick mishkin. alongside tom keene i'm jonathan ferro with romaine bostick. lisa abramowicz will be back on monday. we are off the lows. we are down 55, -1.2%. we are down five or six basis points, off the lows on the 10 year yield. we did have a look at 1.24. 1.2596 is where we are the moment. tom: i should point out oil. less demand, more of a less growth tone. $73 on brent crude. jack fitzpatrick with us from bloomberg government. i know you want to talk about some of the debt ceiling dynamics. we have to talk about 1915. there was an assassination in haiti before the u.s. involvement in world war i and we set the troops in. 689 miles from miami to haiti. haiti is

i'm ritika gupta.he european union will postpone its push for a digital tax and focus on a broader deal for a global minimum tax with the world's largest economies. several european countries had already implemented a so-called gentle services tax aimed at large tech companies suggest facebook and google. the u.s. was one of the countries strongly opposed to that tax. in cuba, state-run media has acknowledged the outbreak of antigovernment demonstrations. cubans face growing hunger after its economy was hit by a slump in tourist revenue. the government blames the protests on u.s. agents and what it called neoliberal opponents. billionaire richard ranson and his virgin galactic company -- richard branson and his virgin galactic company have boosted their plan to begin commercial flights into space next year. they reached an altitude of more than 53 miles above the earth before the plane glided back down. a wildfire is pushing california towards the brink of blackouts. the blaze is raging uncontrollably

i'm ritika gupta.president of haiti reportedly has been assassinated and what was described as a raid on his home by a group of attackers. according to the associated press, he was shot and killed, and his wife was wounded. the interim prime minister said some of the attackers were speaking spanish. there has been growing public anger in haiti over his attempt to hold onto power and rewrite the constitution. there are multiple reports that japan is preferring to declare a new state of emergency in tokyo. that would mean the summer olympics would be held without spectators. earlier today, tokyo reported them most new coronavirus cases since may 13. president biden will take on the rapidly growing threat of ransomware against companies and local institutions. over the weekend, there was an attack blamed on russian hackers that affect more than 1000 businesses with victims at least 17 countries. the president will meet with agency leaders today to discuss administration strategies. the white house calls i

i am ritika gupta.loomberg. ♪ >> it is harder to ensure american innovations are used for commercial purposes only. countries like china do not differentiate between civilian and military in the same way. emerging technologies, including ai applications, blur that line, too. we have to think differently about how to protect our industries against that kind of misuse. tom: antony blinken talking about the path forward for state and emerging technology. this is the global emerging technology summit. lisa abramowicz and tom keene, we digressed of corporate management and moving forward in this pandemic. anthony capuano is the marriott ceo and his had the toughest task of management of any corporate officer in america, filling the shoes of the great aaron sorensen. i will go to cornell hotel and aaron sorensen, life is service. how you manage this tough task? anthony: thanks for having me. great to be back in person. i had good fortune of working with him for a quarter of a century. the easiest way to manag

i am ritika gupta. this is bloomberg. ♪ >> i think it will be healthier to start sooner rather than later. why? excess risk-taking, accesses and housing market, and imbalances in the overall economy. i do believe if we take our foot off of the accelerator now, we will have more flexibility down the road to avoid severe actions in the future. jon: that was robert kaplan, the dallas fed president catching up with michael mckee on bloomberg tv and radio. good morning, tom keene, lisa abramowicz, jonathan ferro. before i turn to price action, can we talk about what counts as a hawk over at the federal reserve these days? this is what we call the chief talk, the fed president, and -- hawk, the fed president, and he is talking about taking it off of the accelerator. that tells you the world we are in right now. this is a different world. tom: it's a really important distinction. i back to the work of john b taylor out of stanford university on the gaps and range if you will around 2%. we have not discovered t

i ritika gupta.his is bloomberg. ♪ >> basically, we did the easy stuff last year, where people who had positions went back to work when market activity resumed. now we are in the much harder process of labor market clearing , where people have to find new positions, new jobs. the unemployed people now are jobless. jonathan: that was vince reinhardt of millan investment management. from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. is the price action this tuesday morning, shaping up as follows on the s&p. all-time highs into tuesday, and we just about hold onto them. the bond market unchanged, too. yields basically go nowhere, lower by almost a basis point. jp morgan out with numbers about an hour ago. goldman any minute and next 10 minutes. tom: we are focused on the three zip codes around these banks. i guess we are guilty of that in london and zurich as well. we will see what goldman has to do. what i know is they don't give out toasters whe

i'm ritika gupta.he u.s. has reportedly stopped processing ipo registrations for chinese companies, according to reuters. the news agency says the securities and exchange commission is working on new guide for disclosing to investors the risk of new regulatory crackdowns by china. it appears that amazon spend, bump is fading. vaccinated shoppers have started to venture out. the retailer reported sales and gave a forecast that fell short of expectations. it is the first time amazon has missed quarterly sales estimates since 2018. president biden's power over vaccinations has had a wall. in a speech, he ordered federal employees to get shots or face strict public health precautions. he also ordered holdouts $100 for a shot, but he said he hopes more employers will require their workers to get shots. chevron posted second-quarter earnings that beat estimates. the energy giant is benefiting from higher prices for crude oil and natural gas. chevron also says operating costs are on track for a 10% reduction

i am ritika gupta. bloomberg. ♪ >> my experience right now is the economy is strong and there's a lot of pent-up demand. people are anxious to travel and enjoy things again. they have been on lockdown. there is a lot of excitement and interest. lisa: chief executive officer of carnival talking about three opening trade in travel. three opening trade in cities as big wall street firms try to tell people to get back to work, if not now, starting in september. lisa abramowicz and kailey leinz. jonathan ferro has gone up to his next property, the open. we have one of the most interesting interview of the week. that is three opening trade in new york city. at a time we have all of the housing prices climbing to record highs, the housing shortage across america is not the case in the big coastal cities. jonathan miller has been covering the city for decades. he has incredible data and insight into the trends. we have a housing shortage at this point in the big cities given we are starting to see a little bit

ritika: with the first word news, i'm ritika gupta. the u.s. has reportedly stopped processing ipo registrations for chinese companies, according to reuters. the news agency says the securities and exchange commission is working on new guidance to disclose to investors the risk of new regulatory crackdowns by china. president biden's power over vaccinations has had a wall in the fight to curb the delta variant. he ordered federal employees to get shots or face strict public health precautions. he offered ordinary american holdouts $100 for a shot. what happens next in the pandemic is largely out of the president's hands. he says he hopes more employers will require workers to get those shots. exxon mobil posted the highest profit in two years. the energy giant's cash flow was lifted by surging demand for oil and gas. all of this cements exxon mobil's recovery from a period in which it burned almost $2 billion in cash. amazon faces the biggest european union find in history. the eu's data production walked job -- reduction watchdog has

i am ritika gupta.resident biden and xi jinping will address opec leaders at a virtual summit. a tick has 21 members including the u.s., china, japan, australia, and canada. while the coronavirus is a topic, the meeting is bound to reflect rising tensions between the u.s. and china over a variety of issues. for the second day in a row, jerome powell defended central banks stands in front of lawmakers concerned about inflation. powell told the senate committee that the reopening of the economy inflation well above 2%. he reiterated the fed forecast says the high inflation will be temporary. president biden says the administration will warn u.s. companies about the risk of doing business and hong kong. he says the situation there is deteriorating and the chinese government has not kept the commitment it made it to the city. the advisory will warn companies about hong kong's new national security rule which declared that anything construed as supporting the authority of the government. in germany, 81 peopl

i'm ritika gupta.he biden administration warned u.s. companies about the risk of doing business in hong kong. it said china has pushed to exert more control over the financial hub that threatens the rule of law and endangers employees and data. today's move underscores how quickly that beijing promise of one country, two systems in dealing with hong kong has come to an end. for the second day in a row, federal reserve chair jerome powell told the senate banking committee that the reopening of the economy has driven inflation well above 2%. he reiterated the forecast that higher inflation will be temporary. in germany, at least 81 have died in the worst flooding in decades. people climbed onto rooftops and into trees after the houses were inundated or collapsed. pj solomon is the latest wall street firm to raise salaries. new salaries raised to 225,000 dollars for third year associates. pay has also increased for junior bankers. global news 24 hours a day, on air and on bloomberg quicktake, powered by m

doctor gupta, headline tonight from susan's publication. usa today. the fourth wave of covid-19 cases a here. will we escape the uk's feet? it's too soon to know. tell me doc, what kinds of patients are walking into your er in seattle these days. and i hesitate to ask your prediction for fall. >> brian, they're primarily young. twenties, thirties, unvaccinated. they're coming in to seek medical care. whether they come and see a dog like me, and icu dot, that depends. usually though, i think -- young people requiring 100 percent oxygen. four i probably tired out your audience showing x-rays. x-rays of these patients, otherwise healthy, are filled with post from covid. they're not clear with you. that's number one. i would say just two feet off what eugene and susan have said, we're talking about disinformation and misinformation, but there's also just confusing information that exists. i look at l.a. county, for example. that decided to do an indoor mask mandate. but with all due respect, i understand wanting to err on the side of caution. but when you

host: our first guest this morning is sarita gupta for the ford foundation. thank you for joining us. guest: thank you, pedro, it's great to be here. host: talk about the ford foundation and the futures of workers program. tell us what that is. guest: the ford foundation is a large social justice philanthropy. its mission is to tackle inequality in all of its forms. the future of workers program is aimed at looking at how we can ensure and support advocates on the front lines and business leaders eager to use their position to drive change. to reimagine work that empowers workers and compels players to take appropriate responsibility for worker conditions and living standards and urge lawmakers to enact effective policies to fill any gaps. host: i suppose you have been looking at the impacts of the pandemic, particularly on workers. what have you seen over the last year and a half? what's the impression that your organization is getting about where workers are? guest: let me say, first of all, it's clear to us that the pandemic has revealed really important i

gupta, we were going to sneak in a break. we got a two-minute warning president biden's speech that he will announce the need for all federal employees to attest to vaccination stat sus two minutes from getting under way. i want to bring you back in, jonathan lemire, and ask you about what is clearly a very complicated two sides of the coin message. they have to thread the needle in such a precise way to sort of keep the people that have done everything they've been asked to do, they've worn masks, they've stayed home, they've offered remote school, remote learning, they're now asked to put their mask back on, but to also sell the vaccine as a gateway to a post-pandemic america. what went into this speech today, jonathan? >> you described it right, nicolle, in terms of threading the needle. we will hear the president in just a moment so i'll be brief. they don't want to alienate the people who have done the right thing, done what they've been asked to do in terms of masks, social distancing and vaccination but imploring peopl

gupta. making the decision. i have been spending time in florida, a place that transmission is up. the recommendation is when i'm in florida, i have to be wearing a mask, even though fully vaccinated. what is the concern. are the vaccinated asymptomatic spreaders? is that the great fear? >> good afternoon, chuck. good to see you. this is not a wholesale reversal. i think the cdc was smart to pivot in light of evidence the last six weeks suggesting the delta variant rarely but more so treatment even if vaccinated. there's a chance to transmit to other people, again, very rarely. onset of symptomatic disease from delta variant if fully vaccinated, less than .1%. type of disease leading to the hospital, .001%. these are exceptionally rare risks. lower than the risk of dying in a car accident. we need proper context. this is the right move. areas where there's high viral transmission, mask up even if fully vaccinated to prevent this transmission from occurring. this is a slight pivot, not revers

gupta.ssage and thanks for bringing that to us today and we're watching for the president's arrival and later he'll head to a meeting of goners and mayors and phil murphy will join me next. you're watching "andrea mitchell reports" on msnbc. or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. (vo) nobody dreams in conventional thinking. it didn't get us to the moon. it doesn't ring the bell on wall street. or disrupt the status quo. t-mobile for business uses unconventional thinking to help you realize new possibilities on america's largest, fastest, and most reliable 5g network. plus customer experience that finds solutions in the moment. and first-class benefits, like 5g with every plan. network, support and value-- without any tradeoffs. that's t-mobile for business. >>> i am beyond honored and humbled to be here today to help spread the message about the importance of youth vaccination. i'm in awe of the work president biden and dr. fauci

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i'm ritika gupta. this is bloomberg. i'm ritika gupta. this is bloomberg. >> these are not double-digit dividend growers. jonathan: gerard cassidy their of rbc capital markets on the bank earnings this morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here are the bank stocks this morning. your bank stocks look like this on goldman, on jp morgan, down 0.9 percent. goldman up 0.6%. investment banking looking really good. outside of that, trading not so much. that is the story for the banks. here's the story for the politics. we understand as reported in "the ft" this morning, the u.s. is to warn companies of growing china influence in hong kong. this has been building for a while now, and we understand the dividend was reported from the financial times a little bit earlier. tom: you just wonder, what does the business pattern look like in hong kong were up north to shanghai, or many hours down to singapore? it is a mrs. -- it is a mystery, right? jonathan: i haven't seen anyone willing to take some kind of moral stand o

let's bring in bloomberg live reporter kriti gupta.riti: it is interesting we got all this on the same day the eco-data came out. at the end of the day, the shift is from goods to services and that is showing up and amazon earnings. what struck me though, was that their numbers missed estimates you have not seen a technology company do that. -- missed estimates. you have not seen a technology company do that. caroline: pinterest though, with monthly users. kriti: amazon missed on their sales forecast, which is crucial because you are saying apple, microsoft, alphabet, this is a bloody selloff for amazon. you can't miss anymore in this environment. romaine: a 6%-7% drop for amazon is huge. but this company is coming off 30%-40% revenue growth in the third quarter for the last few orders. a lot of that is driven by the pandemic. but there's only so much stuff you can buy. caroline alluded to this, the idea that people are focused more now on going out, eating, traveling and spending money on those experiences that were popular before the

i am ritika gupta ritika gupta -- i am ritika gupta, this is bloomberg. ♪ ♪ pres.en: we never again want to be where we were a year ago today. so today, while the virus has not been vanquished we know this , it no longer controls our lives and it longer paralyzes our nation, it's within our power to make sure it never does again. tom: symbolism is everything and on the fourth of july the 240th anniversary of this nation, what we see from the president so different than what we saw from the previous president. mr. biden with a stark single american flag and the flag of the office as well more low-key and subdued than we saw in the previous four years. i different fourth of july at 1600 pennsylvania avenue. romaine bostick and matt miller with me. i think jon ferro might be on creed. there was a big debate about the greek islands the other day giving us huge assistance on the greek islands was annmarie hordern who wishes she was there. she is in washington, hot, steamy, it's an odd day. the fourth of july coming out of it is so odd they are. i love what paul krugman

i'm ritika gupta.s is bloomberg. alix: thanks very much. ecb president christine lagarde told investors to prepare for new guidance on asset purchases, monetary policy outline. meantime, fed officials are not ready to communicate their timeline on tapering come up at inflation expectations are popping a lot higher. the new york fed currently comes out to their one-year horizon in june at 4.8%. we haven't seen that kind of inflation expectations since 2013. what does the divergence mean if you are playing it? jeremy stretch, cibc head of g10 fx strategy, joins us now. the divergence continues in terms of inflation expectations, in terms of policy. is it reflected yet in the markets? jeremy: there is this extreme divergence in terms of the underlying dynamics, but hasn't yet necessarily taken the euro significantly lower yet. i think we will progressively see those taken out of the market. i think it is interesting just listening to those comments you had from madame lagarde earlier that it is very much

i'm ritika gupta. this is bloomberg. guy: thank you very much, indeed.r president donald trump speaking now in bedminster, new jersey. the headlines coming from that event, unsurprising. we were expecting this. the former president says he's filing a suit against facebook, google, and twitter. he's basically suing, he says, to halt the censorship of his accounts, accounts he used so prolifically. we will continue to keep you updated with what we get from that event. the former president continues to speak. anymore headlines, we will bring them to you as quickly as possible. in the meantime, let's discuss what is happening in europe. a significant event can place at the ecb. policymakers locked in talks, looking to finalize the central bank's strategic overhaul. this is a hugely important event , and will define european monetary policy going forward. peter praet is the former chief economist. what do you think would emerge? peter: it has taken a lot of time, but the pandemic has slowed down the process. it is quite important that before the exit from the

[laughter] ritika: with the first word news, i'm ritika gupta. the first time a multiyear investigation of donald trump's company has resulted in criminal charges. this morning in new york the trump organization long time cfo allen weisselberg surrendered to authorities in the company faces tax related charges. nine to the former president nor his staff are expected to be charged. a federal judge has blocked florida's new law penalizing social media companies from barring political candidates. the law was supposed to take effect today. the judge ruled the law violates the first amendment and does not apply to all social media providers equally. -- will build a $1.4 million hub in the u.k. the japanese automaker will produce a new crossover vehicle in its factory in northern england. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> we are not yet at dangerous levels. the u.s. economy can absorb high wage growth

nancy: devina gupta reported from delhi. do stay with us on bbc news.ll to come, virgin galactic announces its first flight to the edge of space could have been early as next weekend, which means richard branson would beat jeff bezos in the modern-day space race. >> china markets first day of rule in hong kong with a series of spectacular celebrations. a huge fireworks display was held in thformer colony. the chinese president said unification with the start of a new era for hong kong. >> the world's first phone has been produced--first clone has been produced of an adult memo. scientist have produced a sheep calcalled dolly. >> russian and american specraft have docked in orbit in the start of a new era of cooperation into space. >> challenger howard past the lighthouse almost 50 knots, shattering a record that stood for almost 54 years. there is no hiding the issue relation of richard branson -- sheer elation of richard branson and his crew. nancy: this is bbc news. the latest headlines -- the last american troops have left the main u.s. base i afghan

sanjay gupta is with us now. it came out this morning. people can read the essay on cnn.com. i haven't had a chance to read all of it yet. i assume you came at this both as a doctor but also as a parent. >> yeah, absolutely. i think that having covered this now for a year and a half, we've always framed this as a race. the vaccines, they would come one day. it would be the race between the vaccines and the virus, now the vaccines and the variants. they had a finish line number, if we drop below 10,000 cases per day, we could say as a country we could go into containment mode, finally get our arms and hands around this virus. we didn't get there. we got tantalizingly close, 11,299 cases per day. that's our lowest that we got. now the numbers are starting to creep up. i kept wondering, is this going to be these blips on the radar or are we going to see disturbing trends. as miguel and elizabeth talked about, these are becoming disturbing trends. this is the best time of the year in terms of viral transmission. it's summer. the virus doesn't like to be outside. as we go into the

. -- i am ritika gupta.his is bloomberg. ♪ ♪ >> i happen to believe that there will be a movement ahead in capex. we think there will be an infrastructure bill of some sort. where not privy to the negotiations in congress. we think there is a desperate need for spending on infrastructure, but there is also a need for private engagement in capex. jonathan: nice to catch up with abby joseph cohen. from new york city this morning, good morning. alongside tom keene, i am jonathan ferro, together with romaine bostick. equity futures down 62. this bond market is firm, particularly over the last couple of weeks. yields are lower by just three or four basis points to 128 after a break of 1.25 a couple of hours ago. tom: there is some calmness in the last hour. it is not a comb time for our secretary of transportation. mr. buttigieg, of course, we all know from south bend, indiana. sterling academics. could we write an essay on john f. kennedy's profiles and courage. we want to talk about transportation, internationa

i ritika gupta.e after the company said it would no longer seek shareholder approval to issue 25 million more shares. amc was seeking to capitalize on the rally that has boosted the so-called meme stock by more than 2300% this year. the ceo says while he favors issuing more shares, many shareholders don't. blackstone group is adding to investments that target sustainability and climate change. the firm is buying a software company for $1.4 billion. the deal gives access to the so-called environmental, social and governance sectors. firms such as j.p. morgan chase and goldman sachs are making it clear they want their staff to return to the office. a variety of european lenders have sketched out some more flexible policies. guy: i don't know how that is going to end, taylor. there's a definite different tactic being applied. the europeans are certainly taking a different approach. europe feels like it is in a different place at the moment than the u.s. new york feels fully opened, get back to the offic

i'm ritika gupta.s is bloomberg. ♪ chair powell: inflation has increased notably and will likely increase in coming months. inflation is being temporarily boosted by base effect as a sharp -- as the sharp drop from last spring is being priced out. jonathan: he will face the senate banking committee later this morning. good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market looks like this on the s&p 500. read on the screen, 4350 come off by 0.4%. yields are in by a basis point or two, 1.33%, as the st. louis fed president makes his bid to start winding down qe. tom: interesting market, to say the least. right now, as we look at bank earnings, we shift to the view of technology. this will be later in the month. it is a decidedly different view. -- joins us of bloomberg intelligence. he is fabulous on technology. adnan, all you have to do is look at the base revenue growth. up 15.3 percent, 20%, 41%, 18% as well. is a tech juggernaut about revenue or about profit? >>

i'm ritika gupta. this is bloomberg. ♪ jonathan: from new york city for our audience worldwide, live on tv and radio, this is "bloomberg surveillance." lisa abramowicz is back with us on monday. here's the price action this friday morning. equity futures positive 21, 0.5% on the s&p. the nasdaq 100 advancing 18 points, 0.12%. outside of that, taking our cue from a bond market that has seen eight straight days of yields lower. today, yields higher to 1.3 360. -- higher to 1.3360%. after all that soccer talk, someone writes in, "those of my generation don't have any interest in soccer. using your head to strike a ball is just dumb." romaine, is that your ghost account on twitter? [laughter] i understand people feel that way on that particular sport. tom: i do enjoy watching. the big distinction is americans were foisted subpar soccer. when we see world-class soccer, we are like, oh. it is really interesting. jonathan: if we had the world cup here tomorrow, it would be massive in this country. i think it

dup ta gupta, to say that it is concerting. the fact that we had 10,000 americans die in june, and you sit there and you think about them being completely preventable. we could think about the first 199,000 deaths. how many were preventable deaths. but we know right now that these vaccines were available for everybody and basically 99% of these deaths were unavoidable. somehow we're still having these deaths. it is beyond frustrating. it is beyond alarming. it is also a bit sad. >> yeah, chuck, good afternoon, good to see you. what i will say is that it is frustrating as a clinician, a 30-year-old with the rest of their live in front of them, they're coming into my hospitals and going into intensive care. they're going into the course of 2021, the notion that the threat that existed in late 2019 and 2020, we had known that if you're vulnerable or say 70 or 80 years old with a pre-existing condition, you end up on a ventilator. that had a residual effect on how young people think of covid. we need to maybe label it difficultly b

so i think it's for many and you heard michael gupta does not talking _ you heard michael gupta does almost of interest and this guy's— about almost of interest and this guy's story is a real lesson and so sad and _ guy's story is a real lesson and so sad and so — guy's story is a real lesson and so sad and so sad that he had second thoughts _ sad and so sad that he had second thoughts to let about the jabbed. dreadful— thoughts to let about the jabbed. dreadful story. and i expect that one of the reasons why it's being shared is i think peoplejust look at it and think that's just so sad when you think of the vaccine might have helped to prevent this man's death and i agree with chris, you have to hope that this does encourage more people to come forward and get their vaccination. but that it does have to be a mix of encouragement and positive messaging as well as kind of some of these awful stories about people who... medic in that the only one as others who have not had a jab and have lost their life sadly or who were living with debilitating long covid—19. so it's just very sad. i

that's devina gupta reporting from delhi. of the government's advisers on coronavirus has warned that ministers are facing a very difficult decision about lifting all england's restrictions on the 19th ofjuly — given the continuing rise in cases. here's our health editor hugh pym. as more jabs go into arms, officials are confident that vaccines are reducing the risk of serious illness. the office for national statistics says hospital admissions are much lower than they would have been without vaccines. but, even so, the head of the 0ns told me that making the right call on ending restrictions in england won't be straightforward. this decision is the most difficult that the government has to make. we are watching with laser focus every day the data, so that the government will have all the information it needs in order, absolutely, to mean that it's data, not dates. the 0ns infection survey suggests that last week in the uk, there was a 67% increase in those testing positive. in england, one in 260 had the virus. in scotland,

health workers are testing millions of people as a result. priyanka gupta has a report for you, and this is non jean international airport weeks earlier. it was steaming with travelers and an invisible enemy. the highly contagious delta variant of coven. 19 china is now trying to prevent a health crisis. from getting worse. the outbreak started launching has spread to 6 provinces, the capital b jane, and now chanting. one of the was biggest cities, day and night. china is doing water, das, best testing tens of millions of people. it is reasons to be concerned. child funds, which was like the variant is more transmissible without strong prevention and control measures without strong therapeutic and immunization capabilities. the regeneration speed is very fast. earlier within $4.00 to $5.00 days, the viral load increased $2.00 to $3.00 times. but now within 3 days, the viral load may increase $5.00 to $7.00 times. tens of thousands of people have been put under locked down in beaching, an in chunks of province at a 1000000 more in the tourist hotspot of them here in hunan. for china, whic

sanjay gupta, great to see you in tokyo. thank you so much.aks. and they're a lot tougher than a yellow flag at 15 yards. that one! and the world's best, and possibly only, schmelier. philadelphia. schmear perfection. (man) i've made progress with my mental health. so when i started having unintentional body movements called tardive dyskinesia... ... i ignored them. but when the movements in my hands and feet started throwing me off at work... i finally had to say, 'it's not ok.' it was time to talk to my doctor about austedo. she said that austedo helps reduce td movements in adults... ...while i continue with most of my mental health medications. (vo) austedo can cause depression, suicidal thoughts, or actions in patients with huntington's disease. pay close attention to and call your doctor if you become depressed, have sudden changes in mood, behaviors, feelings, or have suicidal thoughts. common side effects include inflammation of the nose and throat, insomnia and sleepiness. don't take austedo if you have liver problems, are taking rese

a passport means a chance of the future for a generation of of bronze whose only known war. blanca gupta, alt 0, a series of freak, lightening accidents has killed more than 70 people across 3 indian states. that's according to local media. thousands of tourists had been visiting this 12 century for 2 in rochester on some of them were reportedly taking cell fees at a watch tower when light struck killing at least 11 people around the dozen. others died in the same state while another 41 were killed in order for this. and at least 11 people were killed in lightning strikes in my dea pradesh. lightening and thunderstorms are common during the monsoon, but scientists say the climate change is making them more frequent. in the world health organization says the highly contagious bell covariance is becoming dominant and driving the new spike in covert depth and infections around the world. some governments, in se asia are now imposing their strictest social distancing measures. in more than a year, thailand has gone into locked down for 2 weeks with a night curfew in place in bangkok. and aft