jennifer jacobs, please come on air and tell us about this weekend.ith is a friday in the summer, but seriously, it is the shock and awe of where yields are. do we have a y beside short covering -- a why beside short covering? lisa: the idea is that transitory is the way to go. you can go ahead and drink. you can see at and stocks as well. people starting to shift their view of inflation to something more in line with what the fed is thinking. romaine: we should point out too, the bond market has been nudging in this direction for quite some time. i thing it was the equity market that was a little bit less convinced. they have had their little moment here where they are starting to realize that maybe the bond market was right all along, at least for the past six or seven weeks or so. that's why you are starting to see rotation, and why you're seeing a little bit of rotation out of some of those cyclical names. tom: i want to go back to the g7. we've got lots of different ways to go in this hour. but lisa, we are doing the photo op thing. what we have

they will only ask about no volunteer and a this bloomberg white house reporter jennifer jacobs, both on twitter about heckling putting an fantasizes about biden smiling at her, which says everything you need to know about these deny g offers. they're not holding power to account in their own capital, their heckling the designated enemies of america, and hoping to get the approval of their president. and another point that i want to make is that biden, when he claim to have called putting the killer, which i think was completely made up. because vitamin been at that time, his vice president sent to moscow to reignite the reset and get a new start treaty going. he was in a room with staff at all times. there was no way it made sense for him to call putting a killer in that context, and there are people around it all that, that the whole time putting himself said he didn't remember by calling himself a killer biden made that remark. he boasted about calling putting the killer in this feverish new cold war atmosphere. that's been stoked by the u. s. press, especially in the, you know, ag

our jennifer jacobs reporting, aggressively pushing against what we have heard from the british presshis morning. jennifer jacobs saying there is no written agreement, making clear there has been language, but that is done within a collegiality. lisa: that is the key issue here, the idea of tone, the idea of mood, of trying to come to some sort of friendship, alliance to regain that kind of bon ami -- kind ofbon amis there once -- the kind ofbon amis -- that kind of bon amis there once was. tom: that's what we try to have with jon ferro and remain. romaine: i do feel chummy chum my. tom: i look at the equity markets, and the heart of the matter for our listeners and viewers, bonds, foreign-exchange, they want to know what to do with their 401(k), and it is a mystery right now within this great bull market, and the bon amis of what the fed has wrought. romaine: a lot of folks moved to the sidelines, and a lot of those folks turned out to be wrong. tom: we say with great respect, stephen roach writing a number of days ago he has never been more wrong than the recovery of this giant pand

jennifer jacobs. jennifer: thank you, mr. president. is there a particular reason why the summit lasted only three hours? you are allotted for five hours. is there any reason that it was shorter? did you touch on afghanistan and the safe withdrawal of the troops? president biden: yes, yes and yes. the reason it did not go longer is when is the last time to heads of state spent more than two hours in direct conversation going into excruciating detail? you may know of a time, i don't. as we got through, we brought in a larger group, our intelligence and my secretary of state was with me the whole time. our ambassador, etc., we brought everybody in. we covered so much. there was a summary done by him and i about what we covered. blinken talked about that we covered. we race things that required more amplification and made sure we did not have any misunderstandings. it was after two hours there that we looked at each other and said ok, what next? what is going to happen next is we will be able to look back, look ahead in three happen six mo

tom: are jennifer jacobs reporting that the british press is off the mark. has not been a formal document by the u.s. state department chastising the united kingdom on northern ireland. but maybe there will be about china as well. are the prime minister and the president on the same page on china? josh: the u.k. prime minister and the u.s. president, once the g7 kicked off, i think it will be a little more mixed. angela merkel and emmanuel macron have taken a little less of a hawkish stance. biden wants european support and positioning china as a chief rival. they want official investigations into the origins of covid-19. if you pull back the curtain, there are tensions here. the u.s. still has still tariffs in place. the airbus dispute is ongoing. there's the nord stream 2 pipeline, of course which biden wants -- excuse me, doesn't want, but has thrown in the towel on trying to stop it. it is not all chummy here, but they wanted to at least look chumm chum -- look chummy ch ummy. lisa: there's a question about how much chummy chummy there is around the tax

jennifer jacobs made clear in her reporting that that is not the case. we will have more on this through the morning. matt, this is a hugely sensitive issue for brussels, for london, and for dublin. matt: absolutely, but as guy johnson was saying earlier, joe biden is there to make friends. he wants to try to heal the divisions created by trump. if you go there and immediately say, "bad boy, boris johnson. you can do that." it doesn't start the conversation in the right tone. matt: the last nine hours -- tom: the last nine hours have been crucial for those waking up in america. we will have an interesting thursday brief, including claims data. futures as well, the nasdaq off the bloom, the s&p up three, the big turning a 17.76. the 10 year yield under 1.50 after that extraordinary move today. jp morgan, among others, a master sure cover on the bet of higher prices, excuse me, lower prices and higher yields. that bet has not worked out. we have been going the other way with what is called acceleration. we accelerate under 1.50%. brent crude, $72 and 30 --

. >> you've been listening to the president briefing reporters including jennifer jacobs from bloomberg following the g7 summit. the leaders promising to deliver one billion additional doses of covid vaccine over the next year and also looking for more transparency internationally on future pandemics which he warns her coming. the president also telling reporters about the need for global minimum tax on corporations, and he says the need for a back better world partnership to counter the china initiative, and he also highlighted the g7 pledge to stop subsidizing coal operations and help promote the transition away from coal power. he also vowed to fight cyber attacks and he says america is back. he is scheduled to meet with queen elizabeth at windsor cancel and then he will travel to brussels for nato. and wednesday the summit with vladimir putin and we would be tracking all of the developments over the next few days light right here on bloomberg radio and television. you have been listening to special coverage of the g7 summit. for a bloomberg television viewers and radio listeners, th

they will only ask about navarro ne and a this. bloomberg white house reporter jennifer jacobs. both on twitter about she heckling putin and fantasizes about bite and smiling at her, which says everything you need to know about these dinar golfers. they're not holding power to account in their own capital. their heckling the designated enemies of america and hoping to get the approval of their president. well, the mentality of these journalists is the mentality of the east coast establishment . they operate from a place of american exceptionalism and american innocence. they cannot fathom that the u. s. could possibly be literally paying opposition, figures, managing opposition, figures. and so when these reporters were badgering couldn't about no volunteer. they were unable to accept his response, which was that we don't want to see something like what you saw on january 6 with the movement of insurrection as d r g a the russian region of crime is declared a state of emergency and severe flooding that's left at least one person dead and 24 others injured. almost 2000 people hav

jennifer jacob. bloomberg. ms. jacob: on china -- china seems to be getting exactly what it wants to do with regards to hong kong, with regard to ginger out, with the south china sea, and many other issues, despite pressure from you and allies. the language in the communique has mentions of china, different from past years. it is not as tough as you entered teams wanted it to be. we saw a draft of the communique. why isn't it as tough? there isn't much action in it. there is cause for china to be respectful, but why isn't that communique tougher? are you disappointed in that and what can you do to change these actions by china? pres. biden: first of all, i think, uh, as you know, last time, as you said, there was no mention of china. this time, there is a mention of china. the g7 explicitly agreed to call becky -- out human rights abuses in hong kong explicitly. to coordinate a common strategy to deal with china. nonmarket policies undermine competition. to take serious actions against forced labor in solar, agricu

they will only ask about navarro ne and a this. bloomberg white house reporter jennifer jacobs. both on twitter about she heckling putin and fantasizes about biden smiling at her, which says everything you need to know about these dinar golfers. they're not holding power to account in their own capital. their heckling the designated enemies of america and hoping to get the approval of their president. while the mentality of these journalists is the mentality of the east coast establishment, they operate from a place of american exceptionalism and american innocence. they cannot fathom that the u. s. could possibly be literally paying opposition, figures, managing opposition, figures. and so when these reporters were badgering putting about nevada, they were unable to accept his response, which was that we don't want to see something like what you saw on january 6 with the movement of insurrection, just before the summit, us politicians and major atlas had been urging barton to adopt a tough line saying that he should show putin as a new sheriff in town. they were left disappoint

jennifer jennifer jacobs. thank you mr. president. i'm, is there a particular reason why this summit lasted only about 3 hours? we know you would maybe a lot it a 4 to 5 hours. was there any reason it ran shorter also did the president couldn't said that there were no threats or scare tactics. issue, do you agree with that assessment, that there were no threats or scare tests tactic? also, did you touch on afghanistan in the safe withdrawal of troops? yes, yes, yes, and yes, let me go back to the 1st part of the reason it didn't go longer. is when the last time too, had just spent over 2 hours in direct conversation across the table going in excruciating detail. you may know time i don't, i can't think of one. so we didn't need, as we got through when we brought in the larger group part, our defense, our intelligence and our foreign well, our, my foreign minister was in for a minister. my secretary state was with me the whole time our ambassador and center brought everybody in. we had covered so much. and so there was a summary done b

jennifer jennifer jacobs. thank you, mr. president. is there a particular reason why this summit lasted only about 3 hours? we know you would maybe a lot of 4 to 5 hours. was there any reason it ran shorter? also did the president said that there were no threats or scare tactics issue. do you agree with that assessment? that there were no threats or scare tests tactic? and also did you touch on afghanistan in the safe withdrawal of troops? yes, yes, yes, and yes, let me go back to the 1st part of the reason it didn't go on longer is when the last time too had just spent over 2 hours in direct conversation across the table. going in excruciating detail. you may know time i don't, i can't think of one. so we didn't need as we got through when we brought in the larger group part our defense, our intelligence and our foreign well our, my foreign minister was in for a minister. my secretary state was with me the whole time our ambassador and center brought everybody in. we had covered so much. and so there was a summary done by him and by m

well, jennifer, jacob bloomberg china, you sorry, trying to be doing exactly what it wants to do with regard to hong kong. with regard to jean jang with the south china sea and many other issues, despite pressure from you and from allies. the final language in the g 7 communicate does have some mentions of china, which is different from past years. but i know it's not as tough as you and your team wanted it to be. we thought we saw draft of the communicate and it's not quite as tough. so why isn't as tough? there isn't very much action in it. there's some calls for trying to be respectful . but why isn't that communicate a little bit tougher? are you disappointed in that? and what can you do to change some of these actions by china? so 1st of all, i think it as, you know, last time you have met, there was no mention of china. but this time there is mentioned in china, a g 7 explicitly agreed to call out human rights abuses. and seeing jang and hong kong explicitly to, to coordinate a common strategy to deal with trying to non mark and policies that undermine competition. it agreed, an

we welcome our superstar, bloomberg's senior national political reporter jennifer jacobs. ys of summit meetings. give us a sense of what we should expect to see. jennifer: hi david. [indiscernible] nations in the world wrestle with how to vaccinate the population and crackdown on cyber climbs, deal together with

. >> i'm sorry, jennifer jacob bloomberg great i'm going to ge in trouble with my staff, go ahead. >>mped, and i wanted to ask yo when you were having these conversations with european allies, where very concerned about the sanctions, how do you testify to that. >> it was 20 days, give me a break. >> that is agreed great darth vader. i've got to chill up my spine. that is only the third worst awkward moment from the summit after this picture very veritably get that, previous chess pieces i have ever seen. then there was the bump test. >> fun fun fact, that is how yields meet. it's like jeff stucker said, yo shouldn't do that on camera. aright, what you make of this whole thing? >> i'm not really sure where they're going with this whole joe biden aviator sunglasses look. i don't know who that is foolin because of visa pilot i think he's well past the faa's retirement. before saying this biden remind him of franklin roosevelt. it's more like a roosevelt roosevelt from 1926. >> on the way down. >> it kind of reminds me of eleanor. does this show you that it's more theater. i finally real

josh wingrove and jennifer jacobs in geneva with maria tadeo. continue our coverage through the morning. please stay with us and again this afternoon at 130 time, the meetings of the federal open market committee. coming up, good news on the pandemic. stay with us. this is bloomberg. ritika: with the first word news, i am ritika gupta. joe biden and vladimir putin will come together for what could be four hours of meetings for both the u.s. and russia, keeping expectations low in an adversarial relationship. the leaders will look to reach agreement on starting a new round of arms control. they also may take steps with restoring diplomatic channels that were severed as relations plunged over the last few years. critics of u.s. technology giants are claiming victory. president biden has named lina khan as chairman of the federal commission. she has aggressive antitrust enforcement against tech companies. her appointment came hours after the senate confirmed her for a seat. in louisiana, a judge has blocked the biden administration's than on new oi

jennifer jennifer jacobs. i think thank you, mr. president. is there a particular reason why this summit lasted only about 3 hours? we know you would maybe a lot it a 4 to 5 hours. was there any reason it ran shorter also did the president couldn't said that there were no threats or scare tactics issue. do you agree with that assessment? that there were no threats or gear tests tactic. and also did you touch on afghanistan in the safe withdrawal of troops? yes, yes, yes. and yes, let me go back to the 1st part. the reason it didn't go on longer is when the last time too had just spent over 2 hours in direct conversation across the table. going in excruciating detail. you may know of time, i don't, i can't think of one. so we didn't need, as we got through when we brought in the larger group part, our defense, our intelligence and our foreign well, our, my foreign minister was in for a minister. my secretary state was with me the whole time, our ambassador and center. we brought everybody in, we had covered so much and so there was a summary do