why does this make sense for hitachi?ank you for having us. , for us -- for us, the pandemic has been accelerating migration to the cloud and digital transformations. looking at global logic, we have been extremely confident with their business and forecast, including the ability to drive international growth outside of japan. that is what has driven us to make this acquisition and we are very excited. haidi: how has the pandemic affected local logic -- global logic's business? and what are the most attractive aspects of how it was done? >> the pandemic has only accelerated the digital transformation. the companies that have thrived in the camp -- in the pandemic are further ahead and those sitting on the fence are negative. it all helps global logic business because the business is to use digital services to get these companies into a digital space. hitachi is perfect for sectors like automotive industry, communication, and media. it is a perfect combination to try to get to the next level. haidi: what is global logic br

>> it is fundamentally transformational for us at hitachi.ess line we are in, every product, digital is becoming more pervasive, and covid and the pandemic has accelerated that transformation. for us to be successful, we have to be as much of a technology company as much as we are a software company. global logic gives us the underpinnings to accelerate the journey for our customers. that is what makes us really excited about this. haidi: the ceos of global logic and hitachi, speaking to us earlier. plenty more to come. this is bloomberg. ♪ ♪ haidi: police in hong kong can now that who will be candidates -- can now vet who will be candidates for public office in hong kong. our chief asia correspondent stephen engle spoke to officials about the changes. >> the risks to national security are real and i would say they are potential given this very hostile international environment we find ourselves in, especially because there are countries whose basic dna is aggressive. stephen: you are alluding to the united states? >> yes, i am talking about

hitachi has agreed to pay $8.5 billion for global logic.eal could help the chinese firm expand its technology services business. hitachi is a conglomerate that has begun investing in providing gear for the internet of things. t-mobile emerges as a surprise leader in the new 5g wireless technology, close to unveiling a broadband service for homes that would allow u.s. consumers to cut another cord. that is the landline the ties internet service to a traditional phone or cable company. t-mobile hopes to sign up seven to 8 million homes with 5g broadband over five years. bloomberg has learned that the chinese parent of volvo may revise plans for an ipo of the unit. it will be valued at around $20 billion. they are considering several exchanges to list shares. automakers have been searching for ways to fund the investment needed for the shift toward electric vehicles. that is your latest business flash. alix: thanks a lot. appreciate it. we are moments away from the oil inventory numbers. also, a big chunk of president biden's enforcer japan --

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hitachi has agreed to pay for a u.s. software developer and company, global logic.he deal could help the japanese firm expand its business. the conglomerate has begun investing in providing for the internet of things. shares of delivery service deliveroo plunge in the first minutes of trading. investors had concerns about shareholder voting and pay for deliveroo riders. -- for deliveroo drivers. 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 is bloomberg. ♪ i'm ritika gupta. this is bloomberg. ♪ ♪ >> the rescue plan has more than $30 billion in funding for public transit agencies, helping them to avoid layoffs and service cuts. we know the cuts these agencies were facing disproportionately harm workers who depend on public transportation, including so many of the workers we have belatedly come to call essential workers. so this is a matter of equity. jonathan: that was pete buttigieg, the u.s. transportation secretary. good morning. alongside tom kee

hitachi is expanding its technology services business.is a conglomerate that has become investing in gear for the internet of things. 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 is bloomberg. ♪ ♪ jonathan: from new york city for our audience worldwide, this is "bloomberg surveillance." alongside tom keene and lisa abramowicz, i'm jonathan ferro. with your adp report, let's turn to mike mckee. michael: america's going back to work, at least according to adp. the numbers have come in higher than they have in months and months. 517,000 people added to payrolls, according to the payroll processor. they account for private-sector jobs, so that is a little under the forecast for the nonfarm private payrolls report on friday, expected to rise by 638,000. the numbers don't often match up between the nonfarm private jobs and the adp, but the direction gives you an indication, and the magnitude certainly should give us some indic