gupta: yes. they are manufactured in mexico as a production. >> where do they go from there? dr. gupta: they are often traffic. we know that they end up in the hands of unsuspecting americans often times. >> how are they trafficked into the united states. we understand that they are trafficked across all routes, from land border, speed border from a force of entry, air, as we have been discussing. rep. donald: i have another question. what would you say would be better for border control agents to be fully focused on the trafficking of narcotics, as opposed to processing people coming across the border at a illegal point of entry? dr. gupta: i think you're trying to get to the point of resources i guess. the fact of the matter is, we have to be able to do both. when it comes to narcotics bash. rep. donald: resources are finite, you can only put so many resources at your disposal. we know there are so many men and women of a border patrol at the disposal of the united states. -- then processing pe

gupta: thank you. when i came into office with that as a physician to work on the ground with people, my first goal was to save lives. it is important for the american public that we save lives and get this right. that is exactly what i did. i went back and looked at the draft that was available, went through due process, had 2000 complications with stakeholders as well as the interagency partners. to me, it is more important to get it right because lives are at stake. just today, we are seeing smaller numbers increase but also fewer hundred deaths than the last time the support -- this report was released. the question of the other documents, we are constantly working closely with gao and where committed to working to release those documents as early as possible. you have my commitment to work with your staff and congress to get those out. sen. grassley: you must have a timetable to get it done. dr. gupta: i will get that to you very responsibly and quickly. sen. grassley: i have heard from parents ab

gupta: thank you. the importance of workforce in addiction is important. have 23 million americans in recovery today. we support groups. there is a lot of work happening within nonpartisan groups. people getting to serve in underserved areas, folks with licenses and other workforces needed, making sure we have navigators, all of those will be important. sen. whitehouse: the last question. there are two sides to the business of international drug trafficking. one is that it is producing and distributing the unlawful drugs themselves. the second is collecting the money that you get paid at the sale and bringing it back. and investing it or putting it to use in whatever ways. my experience as a prosecutor has been that we put effort into the first part of the business much less effort into the second part of the business. in my view, the second part of the business, the financing of international narcotics trafficking, is enabled by structure. an international structure of dark economy that can hide the f

gupta. we lost over 107,000 americans to drug overdose last year, including 453 rhode islanders, a painful reminder of the massive challenge it in addressing drug trafficking and substance abuse in this country. we must do better. the office of national drug control policy, ondcp, has a comprehensive plan with ambitious goals to meet by 2025 including a 13% reduction in drug overdose deaths, doubling treatment admissions for the populations most at risk of overdose of death, a 25% increase in number of peer led recovery organizations, doubling the portion of federal inmates with - opioid abuse disorder, 2% increase in increase in active investigation targeting the cartels and their enablers. these goals developed with input from national drugth control program agencies and others hold promise to turn the tide against the overdose epidemic. several priorities deserve particular focus, , prevention efforts are cost-effective andrt lifesaving. the longer we can delay the age of first use of ill

gupta: thank you. when i came into office with that as a physician to work on the ground with people, my first goal was to save lives. it is important for the american public that we save lives and get this right. that is exactly what i did. i went back and looked at the draft that was available, went through due process, had 2000 complications with stakeholders as well as the interagency partners. to me, it is more important to get it right because lives are at stake. just today, we are seeing smaller numbers increase but also fewer hundred deaths than the last time the support -- this report was released. the question of the other documents, we are constantly working closely with gao and where committed to working to release those documents as early as possible. you have my commitment to work with your staff and congress to get those out. sen. grassley: you must have a timetable to get it done. dr. gupta: i will get that to you very responsibly and quickly. sen. grassley: i have heard from parents ab

gupta: thank you, u.s. attorney ross. it is tragic we are standing here in the aftermath of such a horrifying act of violence and grieve with the families who lost loved ones and for the whole community. hate crimes are insidious. they instill fear across entire communities and they undermine the principles upon which our democracy stands. no person and no community should ever have to experience this. as the attorney general mentioned, around the time that the justice department was founded, the ku klux klan was carrying out a reign of terror against black americans. more than 150 years later, theye supremacists are still terrorizing black americans and others of color. the justice department won't tolerate it. the jus kit department's top priority is holding accountable those who commit heinous act. we must all continue to combat hate and discrimination before they escalate to violence. every community deserves to feel safe and protected. through vital grant programs and technical assistance, the department is working d

i am ritika gupta.his is bloomberg. ♪ >> the key metric right now that tells you households aren't really that worried about recession? saving rate is low. if people were worried about their income prospect, they wouldn't be spending so much out of their income. jonathan: chief economist dreyfus and mello. tom: acceleration, it is not the number, it is how rapidly we are getting there. we talked target. we know that he teaches at columbia as well. the chloe ankle strap sandal is usually's $17. you can go in for a kid and buy it at $13 59 san. if they lowered that puppy to $11.99, will they sustain the traffic that you say is required? >> tom, what we have here is the consumer reposition very quickly. these markdowns taking place are critical. target is doing that now. the consumer shift is faster than they expected in terms of the consumer going up, buying suitcases instead of swimsuits. that has been under pressure, too. markdowns will occur in the market this quarter. back-to-school should be pretty g

for kriti gupta, i am jon erlichman.s is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. mark: i am mark crumpton. biden wants to do something about gasoline prices. he is, on congress to enact a three-month gas tax holiday blaming high prices and supply shortages. average gas prices in the u.s. are around five dollars a gallon. federal taxes make up a little more than $.18 of that. russian intelligence agencies have been backing into scores of organizations in the u.s. and other ukraine allied

remember, the guptas as ll as zuma, denyny wrongdoing.has never been convicted for any corruption cases. spent a few weeks in jail for contempt of court, but never for corruption it will be interesting to see whether institutions in south africa and the government are interested in fighting corruption. brent: the latest tonight from cape town. adrian, thank you. here are some of the other stories making headlines around the world. mali's government has set a two-year transitional period for a return to civilian rule and new elections. now, that community imposed economic sanctions on mali in january. vice chancellor robert holick has met with the palestinian prime minister in the west bank city of ramallah. they are looking for a two state solution in the middle east. holick says germany wants to help the region develop renewable energy. a british journalist and up brazilian indigenous affairs expert have both gone missing in a remote part of the amazon rain forest. don phillips and bruno perera were seen early sunday morning. officials s

gupta, i focused on, in the area of international narcotics trafficking. the imbalance between enforcement efforts against the distribution side, and enforcement efforts against the finance side. and particularly, with respect to enforcement against the finance side with understanding that not only is there the flow of funds back into the criminal enterprise, but there is also the secondary youth storage, investment, whatever of those funds and that that second part in particular tends to stand on and be supported by the existence of an anonmized dark money not only impacts the entertainment, but kleptocrats, generally horrible people terrorists around the world and it strikes me from reading those reports that those were not questions that you looked at. i want to make sure that i understood that. >> not yet. >> not yet. >> i think that's work we should be focusing on. i think it's important work. as you noted in my bio, i do -- a part of my portfolio is countering violent extremism and domestic terrorism and we have ongoing work looking at those financin

kriti: this is bloomberg markets, i am kriti gupta.oes jeffrey lack a -- that was jeffrey lackey about the fed and a soft landing for the economy. the s&p is down 3.2% but what is driving it? fundamentals, technicals, let's bring in chris murphy, derivative strategy. thank you for joining us. what is driving this move? on monday we had a narrative, hedge funds were dumping everything, is that what story say? >> i would describe it as resignation. we are in a point where we understand this is going to be a slog, the next six to 12 months, it will be tough like you said with the fed trying to navigate this landing, less panic. i understand that hedge funds are dumping everything but there have been reports that there were pretty much very much gross into this week, the last couple of weeks we mentioned the argument still happening, we are seeing more volume this week but it does seem like everyone knows we are in for a tough run, mostly d growth but not a lot of buyers. kriti: 30 to handle on the vix, i have to ask about liquidity. how m

i'm ritika gupta. elon musk sees recession in the u.s. in the near future. he spoke to john micklethwait. >> recession is inevitable at some point. as to whether there is recession in the near term, i think that is more likely than not. not a certainty, but it appears more likely than not. ritika: the interview was a part of the qatar economic forum. president biden says he could suspend the federal gas tax. the move would likely require congressional signoff and could not be taken by executive action. gas prices now average $4.98 a gallon, short of the record set last week. russia warns two americans captured fighting for ukraine could face the death penalty. a spokesperson for vladimir putin says they are not likely protected by the geneva convention as prisoners of war. moscow considers them soldiers of fortune and not a part of the ukrainian army. the biggest real strike in three decades is underway. some 40,000 workers are walking out today, thursday, and saturday, bringing commuter services to a halt, causing chaos in london. kellogg says it will split

i'm ritika gupta. nato leaders are preparing to boost the alliances defenses in the face of russian aggression in europe. they want to establish a new force model which would put 300,000 troops on high alert. president biden says that u.s. will set up a permanent headquarters in poland. nato leaders are meeting in madrid. the u.k. has imposed sanctions on russia's richest person. he is worth more than $37 billion. pressure is building more on european central banks to raise rates for the first time in more than a decade. inflation in spain has unexpectedly rose to a record of 10%. it dashed hopes that inflation in spain had peaked. a former white house insider portrayed violence. she says she was told the president tried to grab the steering wheel of his limousine after the secret service refused to drive him to the capitol on january 6. 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 i

i'm kriti gupta.s invited speaking earlier in madrid before his july trip to the middle east where he is hoping to get a higher promise of production from golf allies. opec-plus today radel -- ratified a plan to add 648,000 barrels per day in august. all of that effort just to lower gas prices. we will dig into it with our bloomberg new energy finance guest today. he developed a new report on gasoline demand. let's go international first and talk about spare capacity. this has become a major point of conversation with president biden. there are two countries in the world that have spare capacity to offer. saudi arabia, the ui you, how much do they really have? >> that is really the question. they will certainly be able to raise production for a period of time but the question is whether opec and opec countries can fully get those targets. they have a few million barrels a day, about one billion each from sally and the uae. they will have to reject -- reach record output, which they have only had for e

i'm ritika gupta. the u.s. will provide ukraine with an advanced missile defense system called nasa ams. it's the same system the u.s. uses to protect the airspace around the white house and the capital. russia has defaulted on its currency sovereign debt. the grace period on about $100 million of interest payments due may 27 expired sunday. the default is mostly symbolic for now. analysts say that the plan by some g-7 nations to ban new gold imports from russia is largely symbolic because the industry has already taken its own steps. a new poll suggests a majority of americans disapprove of the u.s. supreme court's decision overturning the constitutional right to an abortion. 59% oppose the ruling including 67% of women. 70% of republicans support the supreme court action. 83% of democrats disapprove. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> it's going to be very impo

i am ritika gupta.lon musk told news editor it is not a necessity but recession is more like --. part of the academic -- part of the economic forum indo han. the move will require congressional signoff. u.s. gas prices have now reached $4.19 a gallon. just short of a record set last week. russia warns two americans captured while fighting for ukraine to face the death penalty. vladimir putin tells abc they were not likely to be protected by the geneva convention as prisoners of war. in the ukraine -- in the u.k., the biggest rail strike underway. 40,000 workers are working out -- some 40,000 workers are walking out today. kellogg split into three independent companies. north american serial at plant bait -- plant-based foods facility. more than $11 billion in sales. 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 am ritika gupta. this is bloomberg. ♪ if you wake up thinking about the market and want to make

i am ritika gupta.t is being called the biggest breakthrough in u.s. gun safety in three decades. the senate voted 65-33 for bipartisan legislation for background checks, secure schools and fight gun violence. the senate passed the bill hours after the supreme court issued a landmark ruling the could mean more guns on the street. federal reserve chair jerome powell -- commitment to curbing inflation. he wrapped up two days of testimony on capitol hill by warning the fed is far from its inflation target. she said she supports raising interest rates by 75 basis points next month. in the u.k., prime minister boris johnson -- the conservative party lost a key parliament seat in southwest england. it is first time i constituency has not voted conservative. the liberal democrats won the seat. bloomberg has learned beijing has asked foreign business chambers to advise the economy. the chamber responded with one overriding message. hackers have stolen $100 million in a cryptocurrency attack. harmony said it is

i'm ritika gupta.his is bloomberg. ♪ >> what is true in the united states is true in every country. trickle down economics does not work. our close friends who share our values, we can make sure we are not left vulnerable with unexpected shops while generating economic opportunity for people in our region. jonathan: president biden at the summit of the americas in new york city this morning. equity futures look like this going into the ecb and onto u.s. cpi tomorrow. futures positive, yields going nowhere at 0.2% and euro-dollar unchanged, going nowhere into this decision later. 1.0 719. tom: you can call it resilience is welcome at the pulling back, watching foreign-exchange genetics off a press conference we will see this morning -- afternoon. from amsterdam, jeff fitzpatrick joins is in washington. to those of you in america, it is still light -- it is lite. joining us as the ecb discovers heritage, maria, this is not t heir ecb. this is christine lagarde's ecb. how is it different than early days?

thank you, doctor gupta, for being here. i want to express my support for the work that senator grassley has been doing. we've been working together on getting fentanyl currently scheduled. it's something we'll have to find a way forward on. doctor it was good to have you in new hampshire recently to see both the problems that we have on the ground? as? the epic derek, substance misuse continues. as long as we were doing in the state to address the drug crisis. i look forward to welcoming back again. i want to start by just talking a little bit about the issue of fentanyl precursors in particular. i work with my colleagues to pressure china to take additional steps to regulate a fentanyl analogues and fentanyl precursors. which are the chemical components that make a fentanyl. well that has been a drop in fentanyl trafficking directly from china to the united states we recently seen a rise in fentanyl precursors coming from china, going to mexico, where fentanyl is now produced. and then it is not going to night and safe tha

i'm ritika gupta.anet yellen says she got it wrong last year on inflation. she made the admission in an interview with cnn, saying elevated inflation would not pose a continuing problem. now she is saying she did not fully understand the circumstances. the federal reserve is about to deploy a second tool to curb interest rates. it will begin shrinking the balance sheet. they say it should cool price pressures by tightening financial conditions. the u.s. is ramping up military support to ukraine. president biden says he will give the ukrainians advanced rocket systems that will allow them more precision in attacking russian targets. the weapons will let ukrainians hit targets as far as 50 miles away. the city of shanghai reported its was coronavirus cases in three. this came in a day where residents celebrated the end to mandatory lockdowns at home through the city. delta airlines is back to where it used to be. second quarter revenue will be fully restored to 2019. capacity expected to be 83%, just 1%

i'm ritika gupta.kraine is one step looser to becoming a member of the european union. bloomberg has learned the european commission recommended it to candidate status with conditions they will have to meet on the rule of law, justice, and anticorruption. there is no fast track path to speed up the process. -- since world war ii and helped push the number fleeing their homes globally to the highest annual level since the united nations began keeping track. the u.n. says the number of people displaced around the world reached 100 million, and the war in ukraine displaced 8 million people so far. the world trade organization has reached a deal -- manufacturing of covid-19 vaccines. the head of the wto previously said she wanted to end the morally unacceptable in equity to access to covid-19. this delivers a blow to vaccine manufacturers. hong kong's outgoing leader is urging residents to avoid banquets and other large gatherings emerged -- emid -- amid a resurgence of covid-19. it has the highest level i

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i kriti gupta.his is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> the type of inflation that i do not believe the federal reserve has the policy and tools to do much with it right now. i'm not blaming the federal reserve for where we are but i believe most of the problems we live with our policy generated more than supply generated. jonathan: a fascinating conversation. futures this morning, negative six or seven tencer 1%. nasdaq down. we are down by around three or 4%. tom: some of said, that is a story that has been pushed aside. it comes up again as people start to rationalize. we are

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i am kriti gupta with jon erlichman.has been growing business but not only physically, it is diversifying as well. joining us is citizens financial chairman ceo bruce van saun. thank you for joining us. you are growing very quickly at a time and a lot of people are calling for inflation, a decline in spending, recession. is your bank really prepared for those risks? bruce: i think so. we went after a couple of smart acquisitions last year. some more to build our commercial bank and capital markets capability. the other play was to get into the new york metro region which was a gap in our footprint. we had new england covered, mid-atlantic covered, but had that hole. we now have 200 branches in new york. we are excited by what we think we can do. jon: bruce, i am in toronto and a lot of the canadian banks has been acquisition hungry in many of the same regions. as people are hearing about this expansion you have been embarking on at a time when there are questions around the economy, if you were to continue down that path

i am ritika gupta. this is bloomberg. ♪ girls... club has gained an edge on our bake sales. we need more ways of connecting with customers, fast. i know some consultants with great ideas. can they help us improve our digital experience? absolutely. they've invested over $2 billion in tech like robotics and ai. that could really help us manage inventory. and boost our sales. and save us a ton of dough. who are these people? ey, of course. who else? as long as i can keep working from home. we all know nobody makes ginger snaps like i do. your ginger snaps are safe. this company will help us find solutions that are both high-tech and high-touch. a perfect hybrid, just like my key lime croissants. you think they can do it? i'd bet my brownies on it. then let's take back our market share. they'll never see it coming. checkmate, chess heads. girls, i said “bedtime”! what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against tho

i am ritika gupta.resident biden will meet in saudi arabia with the crown prince. he once promised to punish them over the human rights abuses. this will be a trip to isolate russia and lower gasoline prices. hong kong's outgoing leader carrie lam says quarantine has weekend the country. she pointed to the fact hong kong is still requiring one-week week quarantine for incoming travelers. >> everything is relative. when people are opening up and hong kong is imposing the seven day quarantine, that weakens our position as a national city. ritika: [indiscernible] hong kong residents will now have to show a negative covid test to enter the city's bars and nightclubs starting thursday through the end of the month. this as the city is seeing an increasing number of infections driven by transmission at entertainment facilities that recently reopened. it was more than one year since she was detained at the case is under investigation. we will do everything possible to help her and her family. global news 24 hou

i'm ritika gupta.a has withdrawn troops from a strategically important island in the backseat. ukraine says russians were forced to leave because of missile and artillery strikes. the fallout helps with grain exports from ukraine. a big week to revive the nuclear deal between iran and world powers. that is according to the union diplomat mediating a discussion. the semi official news agency of iran says the u.s. did not show enough flexibility and a guarantee of economic gains from new agreement. the economy shows signs of improving, though gains were less than expected. the nonmanufacturing index which measures construction applied to the highest level in more than a year. airlines delaying a shareholder vote on emergent -- merger. they need more talks for this. they are saying the frontier is -- >> are fighting for a bigger, stronger business. while there is risk on the horizon of recession or whatever that is, the business will recover. it has been in a difficult period over the course of the pandem

i'm ritika gupta with your first word news. president biden will urge congress to pass gun-control legislation in a primetime address from the white house tonight. the president's address came one day after a gunman killed four people at a medical office in oklahoma. and a week after a teenager killed 19 children and two teachers at an elementary school in texas. meanwhile, on capitol hill a bipartisan group of lawmakers is negotiating a possible agreement following that string of high-profile shootings. for than two thirds of the world's population probably has significant levels of covid antibodies. that is according to the world health organization. that means they have either been infected or vaccinated. most studies say people who have both been affected by covid and vaccinated have the best protection against severe outcome. a system of showers and thunderstorms across mexico's yucatan peninsula and the western caribbean sea continues to edge toward the becoming the atlantic's first storm of the 2020 who hurricane season

i'm ritika gupta. this is bloomberg. ♪ >> the fed has shown it is going to have to be very data dependent over data it is not necessarily have a great deal of control over. the fed is somewhat captive to the incoming inflation data that matters a lot. than the growth outlook is. also very uncertain. jonathan: their chief cross asset strategist at morgan stanley, andrew sheets there. good morning. alongside lisa abramowicz, i am jonathan ferro with damian sassower. yields higher about a couple basis points, 1.2162 -- 3.2162. it has a 3 handle now. the euro-dollar negative about one third of 1%. this story just crossing from the washington post -- the second paragraph, biden officials taking a second look at whether the federal government can send rebate cards out to millions of american drivers to help them pay at gas stations. lisa: but the second or third line is also fascinating, that in the past, they have rejected this idea because of a shortage in chips needed to make that card. just highlighting

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this is bloomberg. >> i'm ritika gupta.blicans and democrats in congress are signaling there is little support for president biden's call to suspend the federal gasoline tax. it is seen as a symbolic move by a president running out of options to ease prices at the pump. he blames much of the increase on russia's invasion of ukraine. germany has triggered the second stage of its emergency plan as russia cuts back supplies. that has european gas prices rising. berlin will tighten monitoring of the gas market and reactivate some coal-fired plants. there could be further capex in russian gas. rescue and relief teams are struggling to reach survivors and deadly earthquake that hit the remote southeastern region of afghanistan. the taliban has urged international aid agencies to help. u.s. prosecutors say british socialite ghislaine maxwell should spend 30 to 55 years in prison for engaging in a sex trafficking scheme with the late jeffrey epstein. prosecutors called her a sophisticated predator. bloomberg has learned that tesla

i'm ritika gupta. this is bloomberg. ♪ at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. >> they dropped a critical sentence indicating they are not certain they can do this soft landing. that is an indication they think they are running the risk of a recession. jonathan: that landing strip for a soft landing just gets a whole lot narrower over the last few months. that was jeff lacker. from new york city this morning, good morning. here is the price action. we are down more than 2% on the s&p 500. we take away yesterday's rally pretty quickly. in the bond market, up 17 basis points. 180 on a 10 year bund. i want to think about where we have been, the recent high on a 10 year, tom. that high in the last week or so, 349.65. just a couple of days ago. tom: i'm locked onto your yields , 3.35%. the two-year to breakout higher would be a

i'm ritika gupta. this is bloomberg. ♪ ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> we are very focused on reducing prices for the american consumers. knowing we are going into it and are in the beginning and the united states higher demand, he wants to see what we can do to reduce the price, even 82 $.50. told the president if he can get $.50 off per consumers the summer, they would welcome that. most of the countrywide. jonathan: the senior advisor for energy security in the u.s. speaking to annmarie hordern early. with tom keene and lisa abramowicz, i'm jonathan ferro. the nasdaq 100 down by 1.6% as

i'm ritika gupta. this is bloomberg. ♪ this... is the planning effect.ow it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn. and set aside more for things like healthcare, or whatever comes down the road. this is "the planning effect" from fidelity. >> this is a very soft learning -- soft landing kind of forecast 2.4% neutral is only if inflation is at 2%. if inflation is higher, the neutral is higher. i think the forecast is still remarkably optimistic. jonathan: that was ill dudley, the former new york fed president making that point following the news conference with chairman powell yesterday. this morning we give back what we got from yesterday. equities down by 2.4% on the s&p. yields higher by 15 or 16 basis points. have seen this a few times with the fed now. a big rally on the day, then we fainted in the days afterwards and hard. this headline just across the terminal tha

sanjay gupta join us as we recognize the humanitarian work of those who are using their star power for good. ♪ going to be brighter days, brighter days ♪ >> this is "cnn heroes salutes." i'm erin burnett. for more than 15 years we have celebrated remarkable individuals as cnn heroes. these so-called ordinary people work every day without access to fame or power, and they do it to make the world a better place. well, tonight we're doing something a little different. for the next hour we'll be featuring celebrities who are taking action on issues close to their hearts, whether helping people in war torn ukraine, destigmatizing mental health or responding to global disasters, these public figures are using the power of their platforms to help those in need. kicking us off is chef jose andres. this culinary innovator has built an empire of restaurants across the united states and beyond. but in the last dozen years he's given away millions of meals through his non-profit, world central kitchen. and now whenever disaster strikes, earthquakes, hurricanes, wildfires, even school shootings, an

i am ritika gupta.this is bloomberg. ♪ >> certainly, there is a risk. i would not agree it is the biggest risk to the economy. the bigger mistake would be to fail to restore price stability. jonathan: reaffirming what you have heard so many times, na much more forceful way, from chairman powell of the federal reserve. president lagarde together with president bailey, a brilliant panel. futures, negative one point 4% on the s&p 500 great on the nasdaq 100, negative two. euro-dollar, negative .5%. we are close to those levels, 183.60. real dollar strength. tom: -- said there is no respite for the global economy. jonathan: love to dr. carson's. tom: we are waiting for the president of the united states in madrid, we are going to see how that goes under the 8:30 moment, michael mckee with us. i am going to rip up the script and go to what we heard from chairman powell once ago, this goes back to the wonderful neil sauce at credit suisse years ago. neil sauce would pound the table on asymmetric outcomes, the

gupta, great to see you. thank you. >> you, too. thank you. >>> in an exclusive interview, cnn's dana bash sat down with the vice president kamala harris to discuss the supreme court rule, the 2020 election and that and more. fascinating highlights of the interview. >> you were on a plane when the supreme court yo turned roe versus wade. >> yeah. >> and the highest ranking woman ever elected in u.s. history. what was going through your mind at that moment? >> well, i was on air force two, heading to aurora, illinois, to talk about maternal health. we were with lauren underwood, with the chair of the judiciary, dick durbin, senate judiciary, we were headed there working on a plan we'd been doing to ensure that women receive the kind of support they need during and post pregnancy. and, you know, we thought that the decision would come down sometime soon, but not at that moment. and i was shocked. and, you know, it's one thing when you know something's going to happen. it's another thing when it actually happens. and i just actually tu

i'm ritika gupta. this is bloomberg area -- this is bloomberg. >> runaway inflation at the gas pump and the grocery counter has meant the lead indicator for recession of the last six recessions in the united states, if the united states is not currently in recession, these food costs, these energy costs, falling income, we will be in a recession within the next six months. jonathan: this crude market and a whole lot more in this economy. equity futures are positive by 0.4%. about a minute away from adp data. crude, $114.59, down about 0.6%. we want to go through things piece by piece. we had a report from "the ft," suggesting the saudis may be ready to boost more. moments ago, this headline. opec+ to discuss adding 600,000 barrels a day to the oil market in july, according to delegates. this proposal against a scheduled 430,000 a day increase. tom: i blend in again to bloomberg commodity index, which is up nicely this morning. not quite to the middle of april new highs, but those indices blended oil an

then select, bloomberg's kriti gupta and gina martin adams. coming up, we will have more on this question of the day. what is next for tech? our next guest says the market is not pricing and a recession yet. we will talk to the cio of newedge wealth, cameron dawson. this is bloomberg. ♪ alix: nasdaq 100 up strong. that brings us to the question of the day. what is next for tech? 10 year yields still around that 3% level. we want to ask cameron dawson, newedge wealth chief investment officer. we are at an inflection point where the economic data still kind of confusing. what is next for tech? cameron: if we look at the tech index overall, it is still rather expensive. it is still trading at your 20% premium to the s&p. this would argue that there is still room for that premium to fall prior to 2019. tech actually traded at a discount to the market. if we look at earnings estimates for the overall sector, they have actually held in really well despite all of the uncertainty and a really rough earnings season. they are still running at 13%. we ha

sanjay gupta has been investigating the issue.njected into the blood stream. it has iodine in it, which makes it more easily imaged. if you want to look at a blood vessel and you have this dye in it, it's easier to see. someone has a stroke, for example, you can find where the blood clot is. in my world, this is a brain scan without dye. look what happens when you inject dye into the blood stream. that's a big white mass in the corner, that turns out to be a brain tumor. if you look at the abdominal area, the liver for example, the liver is in the upper left corner. that looks normal. inject dye and you see two areas that represent cancer of the liver there. that's an example of how important this is, especially when you monitor people for cancer, things like that. as you mentioned, that plant in shanghai, early april through the past week, it was shut down two months. and that's where a lot -- about half the hospitals this this country are dependant on that specific dye. >> that's the differencetecting cancer and not. how many pa

gupta. as we have been on the air, we know this fda panel has been a vote of 21-0 approved the moderna vaccine. green lit it in an authorization way for kids urntds the age of five. they are still talking about pfizer now. both of these vaccines have been part of the discussion. give us the gut check on the significance of this moment and what it means moving forward. >> good afternoon. it's monumental significance. this is a moment for people kids under five have been waiting for. kids are ending up in the hospital at six times the rate they would end up in the hospital if they got exposed to flu in any normal cold and flu season. many of us readily immunize our children against influenza. this is a really important moment here. no side effects. they are extremely effective at keeping them out of the hospital which is the whole point. >> any significant take aways on the discussion we heard before the panel gave the green light. >> it does seem for kids two and younger the moderna vaccine m

i am ritika gupta.his is bloomberg. ♪ >> there is nothing inevitable about recession. tom: president of the united states. a lot of vetting out there, do you think it is tangible that larry summers could find a warm spot in the biden administration? lisa: that would be controversial. someone saying that -- is highly necessary? try selling that to people. tom: public announcements -- a public announcement, it is the kailey leinz lines of contribution, we will be taking contributions as kailey leinz moved to brooklyn. right now, joe mathieu's does not know -- joe mathieu does not know where brooklyn is. he joins us now. lawrence summers has done a lot of public service, they love him and hit him. is that the name bandied about to reinvigorate the president's administration? joe: that would be something. i don't know if larry summers is looking for a job like that. we have to look closely at what the president said. if we kept playing the tape, he went on to say after the not inevitable remark that i think

sanjay gupta joining me live. it rollout going to look like. i feel like we have learned some lessons in this country from earlier rollouts. >> it is pretty monumental in that sense. we have vaccines now for all age groups. just over two years into this pandemic is pretty significant. it is going to be a little bit different with these young children because, you know, people have been very used to getting these in the pharmacies and you can do that as some of the pharmacies here. cvs, minute clinics, walgreens, sam's club, things like that, they're going to be offering these type of vaccines. call ahead, make sure. a lot of vaccines have already been preplanned in these areas. but i think a lot of it is going to come from pediatricians offices, most likely. and as you heard from dr. walensky, right now there is a lot of hesitation, only about 18% or so of families say they're going to run out and get this. there shouldn't be any shortages, but that's likely how it is going to sort of roll out over the next severa