those are stunning headlines, jon ferro. g the possibility of an rrr cut, the required reserve ratio, to aid the economy. some support for this economy that, let's be clear, reopen first, recovered first, and that recovery has really started to mature in a way the u.s. economy quite hasn't just yet. tom: some of the international back and forth leaves our conversation before earnings season. abby joseph cohen has been a partner since goldman sachs since i think it was 2008. she is there advisory director and senior investment strategist, and arguably no one has ordered america to participate in the markets like abby joseph cohen. we are thrilled she could join us this morning. reaffirm this morning why we need to participate in the stock market, given the sum of all of our fears. abby: good morning to you, and thank you for inviting me to be here today. what we know about the stock market over a long period of time is that if you have confidence in the economic outlook, equities are usually the best place to be, and clearly t

alongside tom keene and lisa abramowicz, i'm jon ferro.uity market a little bit softer this tuesday morning. pulling back from all-time highs . equity futures lightly negative. this is bloomberg. laura: with the first word news, i am laura wright. federal health officials are close to announcing whether there will be new guidance on wearing masks. a decision could come today. does give months ago the cdc said most people who are vaccinated could go without masks indoors. that could change because of the delta variant. on capitol hill, those trying to come up with a bipartisan infrastructure spending bill have run into a number of obstacles. ended the day trying to resolve differences on funds, water projects, and how much covid funds to use. second-quarter earnings that united parcel service beat expectations. give the credit to a jump in e-commerce deliveries. ups and fedex increasing the profit from a rise in during the pandemic. the challenge is carrying packages to homes is usually less profitable. shares of general electric are rising

i think jon ferro might be on creed.re 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 said off of the jobs report, it is a warning in joe biden's america. does president biden have the time to celebrate? annmarie: good morning. part of the speech over the weekend was partially a celebration but also really a nod to the fact that the u.s. still has a lot of work to do when it comes to vaccination. the administration didn't meet their goal. to get 70% of the population one dose by july 4 and it 67% and that is going to be the talk of this week and the president will give an address on the covid response at 2:45. you had the white house covid coordinator on the sunday shows talking about that this administration wants to double down and make sure the delta variant spreading in the u.s. and tho

romaine bostick and matt miller in for jon ferro and lisa abramowicz.ne, 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 report of some of the scenes of investing, some of the things to do right. what i have always found true is you cannot model out without having real money in risk. your models are what they are. you have to enjoy the joy of losing money to get clarity. barry: for sure. i have described in the past books i called ministers without portfolios. very easy to be a monday morning quarterback when you're not on the gridiron, do not have giant linebackers coming at you, knocking you over and hurti

are we going to be as lonely as tom keene, jon ferro, and lisa abramowicz?l: somebody told me the new acronym is fogo. fear of going out. we are all suffering from this experience. there is a realization coming that these tech companies have benefited enormously from our greater reliance on them and these tech companies are causing the problems we are seeing with vaccine hesitancy. i think there is a backlash brewing against the firms. i do not think you will shop through a breakup via antitrust. tom: this is the book the end of the myth, which is a fabulous -- cannot say enough about the history of this. is where we are right now, like may be where we were with the railroads in 1930? i will let you choose the technology. there is this bouncing off of technology we are all doing on a week of technology earnings. is that where we are right now? paul: i'm not sure there is a good historical analog for what we are dealing with right now. there is a very good story out in the new york times this morning about his information for hire. these platforms have create

jon ferro nails it with the last fed meeting. jonathan: closed that day higher with yields at 1.57%, now at 1.2610% on the 10 year yield. tom: and the 30 year under 2% as well. red and green on the screen. tell us what else you see. jonathan: positive two points on the s&p, posited by 0.05% into the premarket. in the fx market, euro slightly negative. it is one of those snoozy mornings i had of a fed conference -- mornings i had a fed conference later. tom: of course, what to do with the money? let's start with the bond market. how can i own bonds with yields this low? >> that is the question many investors have been asking, and we have been working with our clients to ensure that the old 60/40 is not the new 60/40. i think you have to include some alternatives if you are a qualified purchaser or credit investor on the yield options that are available in some of the illiquid markets. you are going to have more opportunity then you had any traditional market. that doesn't mean bonds as part of an asset allocation are going away. h

we will take you now to jon ferro with the u.s. secondary of labor, marty walsh. i'll send it right on over to you. jon: thank you very much. from york city, for our audience worldwide and our audience on tv and radio, joining us now is marty walsh, the u.s. secretary of labor. great to catch up, sir. let's start with the payrolls report this morning. an upside surprise. we need to see more numbers like this. do you have the confidence we will? sec. walsh: i think we will. 850,000 jobs gained in one month is a really solid number. we have seen more people looking for work. we are seeing growth in hospitality, leisure, restaurants. it shows president biden's economic plan is working. the american rescue plan, the investment in his vaccine program. we just need to continue to get people vaccinated and continue to build confidence and get more people back to work. jon: some republican governors think this plan isn't working. what do you think happens when the additional unemployment insurance expires in september? sec. walsh: i think what we are seeing is in those sta

tom: jon ferro mentioned mr. funk, 82 years old. 3g's going up and five or six geez -- g'going down. emily: the astronauts were medically evaluated for this flight. it is that ultimately anyone can go up and down. you do not have to have special astronaut training. you do not have to be preparing for this all your life. wally funk seems to be in great shape and certainly has great energy. there are height and weight requirements. there are steps of chair -- there are steps to the crew capsule. they have to be able to zip up a flight suit. that is basically it. they have gone through two days of training, 14 hours altogether . some emergency simulations. but the idea is that anyone ultimately will be able to take this ride. jonathan: i make for crew members on the capsule now, jeff bezos the first to work in. you can just about see wally funk through the window. these are the largest windows that have been into space. let's be clear about this. for any tourists going into space, you want to things. you want the experience of zero gra

alongside tom keene, i am jon ferro. lisa is back with us next week. equity futures down 26. tom: too many people tell me monday is boring but it is not. the markets are fascinating. they scream global slowdown. john: back to where we were in february. it is not just the bond market. it is foreign-exchange and dollar strength in the mix. tom: i know we will get to that in a moment. so many of -- it may be a critical time to decide which way we go. jonathan: we have to talk about the airline stocks as well. travel in europe is getting hammered. kailey: it is not just the airlines. it is the cruise lines as well. carnival, norwegian. jonathan: the president of the u.s. said it could be several days before we find out what happens with travel. tom: on covid, i felt a seachange in covid. los angeles back to masks outside. this was an important weekend for the exhaustion of an 18 month pandemic. jonathan: your trading week starts right now. into the bond market we go. a little bit earlier in the session, we had a 124 handle. kailey: i want to talk about what we will get later toda

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jon: a five-day winning streak coming into thursday. from new york city, for our audience worldwide, good morning. this is bloomberg surveillance alongside tom keene and lisa abramowicz. equity futures are 42.9 four. we are kicking off q3. tom: we have jobs in and all that, and we will get to that. jon, i agree with you, kicking off the second half of the year is a huge deal. how many people were wrong about earnings strength. gina martin adams and others nail that. we are also at a shell shocked by what we have seen over 180 days. jon: let's frame the forward look. this is your median estimate from the strategist we surveyed year-end on the s&p 500, 4600 is the high-end with credit suisse. the low-end is bank of america. how may upgrades do we start to see if this continues? tom: john and i never talk, barely on speaking terms, but the zeitgeist today, joyce chang at jp morgan in the last hour reaffirms 4400 for jp morgan. i'm sorry, what they are doing in every other shop as you say, th

it's going to be me versus jon ferro. as they say in england, coming home.york, this is bloomberg. ♪ ♪ haidi: good morning and welcome to "daybreak australia." shery: the top stories this hour. the fed signals it is making progress on reaching the tapered threshold.

i believe jon ferro has his property, "the opening," at 9:00 a.m.o me, all of the dynamics of the bond market screams a global slowdown. jonathan: yields lower to 1.23% on tens. your equity market lower on the s&p 500 a little more than 1%. getting back towards the 93 level on the dollar index. euro-dollar down 0.3%. cut the opec must deal in the mix -- the opec+ deal in the mix. an individual stock level, switch up the board and get to the airlines. it has been tough. over the last year, still up more than 50% on this sector on the s&p 500. but more recently, it has been difficult. delta down 3.6%, american down by more than 4%. united down 4.5%. delta variant is a factor in the trading you are seeing. you are seeing that isolated in travel and leisure. you wonder if that is going to bleed out into the broader market. now i am focused on the banks. if we could have a look at the financials premarket, it is tough to make the banks trade work with a twos-tens curve threatening to break below 100 basis points. jp down 2%, bank of america down 3%. tom:

alongside tom, i'm jon ferro, together this -- tom keene, i'm jonathan ferro, together this morning withne bostick. we advanced 0.4%. what does the mod market now that's the bond market know that you don't this morning -- he market know that you don't this morning? from new york, this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burst it. give the aerotrainer a shot. pain and stre

tom: we will follow with good spirit with jon ferro through the week as well. right now, i really wanted to come out of the fourth of july with a vision towards where are we. daniel alpert was hugely acclaimed, deservedly acclaimed as well, and we speak to him now in this pandemic of undersupplied. are you concerned that we are undersupplied right now? dan: clearly we have some bottlenecks sorting themselves out, but we have now been through several months of news and headlines all focused on these enormous surges in prices in areas that are now well-known. what is going to happen is we are going to see the resolution of those problems and suddenly be had with headlines that say just the opposite. it was the inflation scare, just a bubble. a passing fad, back to same old same old. the same issues are going to crop up again. how do you transmit economic growth to inflation over the longer-term? coming into the fall, we are going to experience something i don't think the markets are quite prepared for, and that is a potential contraction in personal incomes. the

jonathan: taylor riggs, alongside tom keene, i'm jon ferro. tom: she should come back more often.onathan: she can come back whenever she likes. i don't think this alarm is to welcome, this wake up our. you will take a pass? i'm not surprised. from new york, this is bloomberg. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. senate majority leader chuck schumer is on track to fail in his attempt to start a debate on an unfinished bipartisan infrastructure bill. today, republicans say there is no way a deal will be reached in time, and they won't vote to open debate until there is further agreement. trump allied tom barrack remains in jail in los angeles after being arrested on illegal lobbying charges. the founder of colony capital is accused of unlawful efforts to advance the interests of the united arab emirates in the u.s. he's also accused of obstruction of justice and making false statements to agents. his lawyers say he is not guilty. those with spikes -- that was not the case in the earliest month of the national inoculation drive. verizon beat expectations for

i agree with a lot of the people , jon ferro mentioning neil dutta earlier.us on where we are right now. dare i say there is a huge mystery to q4. nobody has a clue. jonathan: a lot of this has to do with how quickly some of the frictions get evened out. corporation saying it could be a long runway. these are the push and pull effects. tom: the news through the day on the pandemic and on masks. part of the conversation, "balance of power" at 12:00 noon with the senator from florida, rick scott. stay with us. this is bloomberg. good morning. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and

the best question he got was jon ferro's question a moment ago.posed to be worried about earnings or the 10 year yield? >> that is the money question. you know people are going to obsess over this. they are going to obsess over wherever we are now, obsess over whether we are headedr advice. what do you tell people who are may be staying up late at night staring at their screens? >> well, first of all, i made this comment i guess probably about eight weeks ago. we were about 1.50, so we were an equal chance we would get to 1% or 2%. i was really vocal that if you and the year closer to 1%, the market is going to be weaker than if you end the year closer to 2%. higher rates are indication that demand for capital is rising. ]y4yit's a sign that the economs strong. the reason the market is selling off today is because people are asking the question, what the heck is wrong the interest rates are falling when this economy is supposed to be so good? we want higher interest rates. i would argue that if the interest rates continue to move towards 1%, i sti

let's start with that to answer the jon ferro question about yield dynamics.yields go steeper for james dimon to have a good second half? >> the word must is a little strong. i would say that having the yields not go down any further is critical. a steepening yield curve would certainly be favorable, but more important is what's going to happen to loan growth. a steepening curve would be beneficial, but it's not a must for these stocks to do better in the second half of the year. tom: about 2:00 a.m. bloomberg announces that aramco will pick j.p. morgan and goldman sachs for international developing of pipelines. how's the international strategy of james dimon doing? >> quite well. citigroup is our dominant global bank. almost 60% of their revenues come from overseas. j.p. morgan chase about 25% of their revenues come from overseas. so i would suggest they've done a very good job of expanding under his leadership and that's going to be a continued area of growth because they are unable to buy and depository because of their size. they have over 10% deposit mar

tom: mohamed el-erian will be with jon ferro in the next hour. i'm not sure which property, but dr.erian, watching maria in venice, dazzled by the need for "surveillance" to go to venice and a remote. he says he will show up. romaine: i was jealous of that shot, and here we are stuck in the studio. next time i cohost with you it has to be on vacation. tom: it could be monday. we do not know if lisa will be back. these conference calls will be never more scrutinized than they will now. romaine: everyone wants to hear the commentary. the numbers matter, but at the end of the day it is about the sentiment we hear out of the ceos come out of these cfos about the businesses going forward, about how customers are interacting, clients are interacting, and the overall tone about the trajectory of this economy. tom: it will be most interesting. a special program note. we will have mr. bezos from sun valley in idaho out to his efforts to the edges of space. richard branson will as well. they are doing and alan shepard. we can go back to mercury, before jon klein come at the time -- before jon

bank of america ceo, from new york city good morning, alongside tom keene and lisa abramowicz, i am jon ferroative eight points, call it negative nine. nasdaq 100 up 38 points advancing point 25%. -- .25%. this big conversation about inflation continues. larry fink, we mention him earlier, raising wages 8% across the board with the following quote "companies are focusing on their employees more and i believe you will see more wage growth, and that will be above trendline." that is a commentary from lack rock. tom: this is something that will be a massive theme. would you agree to me that it is -- that the catalyst for that raises rent and mortgage payments. jonathan: i would agree with all of the above and more. there is big competition taking place to keep people and keep talent. tom: the key thing is is it just wall street? are we going to see it just on wall street, i do not -- i do not buy it for a minute. we will have to watch that carefully. things seem good, we cannot get product, we hear it just -- intervale after interview. jennifer is at the dovetail of the medical pandemic. greg in

jon ferro, she prepares for our interviews. jonathan: it is good to know, isn't it?his from pfizer, to launch the study of a delta focused vaccine in august. they have just shared plans for a new covid vaccine formulation. the first touch -- the first batch of the delta focused covid shot has already been made. i don't think this will be a surprise to many people, this is set to become a yearly event in the same way the seasonal flu is a yearly event. tom: this is called medicine and science. the timelines are real. i much lisa -- i am much lisa, let's go come under 12. the head of pediatrics at boston children's hospital was adamant in his conversation with us, it takes time with children. jonathan: pfizer at $41.80, down 0.8%. mcdonald's, sales and the u.s. versus 2019 up nearly 15%. in the rest of the world, they are hardly up at all. just a two-year comparison there. u.s. looks good. the rest of the world is pretty flat. tom: well, that is the virus. jonathan: more earnings still to come. facebook after the close a little later. before we get to the fed, we've go

i want to go back to something jon ferro set at the beginning of the show, quoting a congressman.n the summary of economic projections, you have seen long-term economic growth at 1.8%. if we are spending all this money, why are we only getting 1.8% of? what is the benefit to the real economy from everything you are doing in the long run? james: that is a great question to ask. i think what we are looking at here is really fantastic growth in the u.s. during 2021, 7% is the current projection of various prognosticators and our own staff here. and i think above trend growth in 2022, 2023, steve got a period here where gdp is passing the previous pre-pandemic peak in total output produced in the economy. that is happening now as i am speaking, and it is projected to go above the previous trendline, so you're really looking at quite a strong u.s. economy over the next couple of years, and i would hope that some of that would feed through to the underlying growth rate. i am hopeful that we will see productivity growth switch now to a higher growth regime because we have experiment it w

tom: you are stealing off of jon ferro. dave: i wouldn't dream of it.e. what jumped at me from his last report is a chart that compares s&p 500 forward earnings, so you are basing it on endless predictions rather than historical numbers, and the change that has happened over the last 12 months, you saw increase on a weekly basis of as much as 40% from a year earlier, in fact, 41%. you didn't see that after the recession of 2007 into 2009. you haven't seen that for at least three decades, according to our numbers. and the reason, according to purves, is what is happening at the more economically sensitive companies, the cyclicals, if you will. he called it a huge explosion in earnings. that is really what accounts for analysts' greater optimism this time around. he is saying that earnings growth is going to help all the way into next year. since he is looking at 4800, he's got to be considering stocks to be relatively cheap by that yardstick. taylor: we've been surprised as united airlines, coca-cola, j&j, every ceo raising forward guidance. we have the

secretary of labor joining jon ferro in a bit. stay with us on radio and television. mberg. ♪ jonathan: the countdown to the open starts now. announcer: this is "countdown to the open" with jonathan ferro. jonathan: from new york, we begin with the big issue. the u.s. payrolls report. jeff rosenberg weighing in. >> if we are looking for some kind of message, it is that continued progress on the reopening on the strength of the economy is raising expectations that the fed is going to raise rates perhaps faster than the market had been pricing in. jonathan: let's bring back in michael mckee. this more nuanced than at first blush?

jon ferro, i am fired up about next week on earnings.at earnings are going to be there. corporations will adjust and adapt. i am not so much looking at earnings in the headlines. i really want to know what the view forward is. jonathan: apple, microsoft this coming tuesday. the view forward on the numbers, or how they want to approach this surge in cases? tom: absolutely different. jonathan: we've already had some reporting from our team over the last week that they are delaying the return to office. i wonder how much clarity we get from mr. cook at apple out of cupertino. tom: also, their unique relationship with china. they've got the new products coming and all that, but what do they do with china, both as a manufacturer, the flood is part of that debate, and also what they do with china as a consumer of their products. jonathan: to strip out supply chain risk, that is a conversation that have been going on for some time, but many investors want exposure to china over a long time horizon. the challenge now is you've got to do a heck o

jon: unbelievable. at tom keene, jonathan ferro, s&p up nine advancing .2% and yields higher by three basis points. r our audience worldwide, this is bloomberg surveillance. ♪ jon: live from new york city for our audience worldwide, good morning. here is the place -- price action. this thursday, we lost .2% on the s&p and negative on the nasdaq. we are positive almost one full percentage point on the russell. it is a do no harm week for policymakers. the federal reserve and china too. we will get to that story now. a bond market, 1.2763 is where we close last friday. this is where we are, 1.2676. when you look at the week, it is as if the fed meeting never happened. yields higher by three basis points or so. for dollar china, it is a do no harm week for chinese authorities. lisa pointed out earlier in the program, china convening a close protection team it seems. what happened to dollar china? tom: right. jon: the chinese currency stronger and this move, the biggest move we have seen since january. dollar china is 6.458 three. nothing is entertaining you this morning. tom: no. what is entertaining m

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jon: it's all most the weekend. for our audience worldwide, good morning. this is bloomberg surveillance alongside tom keene. i'm jonathan ferro with romaine bostick this morning. it lisa abramowicz will be back monday. here is your price action, up on the s&p 500. tom keene, yields can rise as well as full. tom: they can. there is a huge set of research notes out, everyone publishing early off of the growth scare we have seen of last 48 hours. we will have a lot of different opinions on that. conrad in moments, but i am looking at the bloomberg terminal, telling me this growth scare is on the edge of over. jon: yields of five basis points to 134. i think people are trying to work this out. i think many people believe we are at some kind of inflation point. morgan stanley believes that next level is not behind, it is in front of us. tom: the idea he says is real correction would be a buying opportunity. we have not had that. wilson stalking we need 10% or 15% down to be has buying opportu

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jony from the payrolls report. for our audience worldwide, good morning. this is "bloomberg surveillance," live on tv and radio alongside tom keene and lisa abramowicz. i'm jonathan ferro. good morning. 43:13 on the s&p, all-time highs into the jobs report. tom: a boom economy, and i think it's important to focus on the

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jon: 90 minutes away from the payrolls report. for our audience worldwide, good morning. this is "bloomberg surveillance," live on tv and radio alongside tom keene and lisa abramowicz. i'm jonathan ferro. good morning. 43:13 on the s&p, all-time highs into the jobs report. tom: a boom economy, and i think it's important to focus on the labor economy and how it goes into two things, the guesstimate on the economy, the guesstimates have gotten more positive, and constructive, and the other is the inflation dialogue over laying it. maybe that's a mystery but most people see higher inflation, big nominal gdp, that means job formation. ellen: guesstimate -- jonathan: guesstimate, and i think that is what it is going to payrolls. we have 1050 at the high-end. tom: the numbers are there, and if we will look at the headline number, i will go to wages, less what i was talking about, rising inflation. there is a negative real wage in america, that is never good. jonathan: do higher prices fix the p

. -->> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jon good. from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on tv and radio. lisa abramowicz is off today. romaine bostick dropping by. we've got to start with the center of this market. your 10 year, 1.35%.

announcer: this is "bloomberg surveillance" with tom keene, jonathan ferro and lisa abramowicz. jon: from new york city to our audience worldwide, good morning. this is bloomberg surveillance --"bloomberg surveillance" live on tv and radio. it is chairman powell's testimony little bit later that gets your attention. tom: really front and center. i really would point to mr. summers visit with the biden administration and two hours ago in an eventful overnight, maybe mr. summers was a bit ill willed toward mr. powell. i don't know what that conversation was, but i just it yesterday. maybe mr. powell will be under significant scrutiny this morning by the legislature. jonathan: do you think it is easier to sling mud inside the tent? tom: there are a lot of people that would suggest that mr. summers knocking on the door of the white house the day before the power testimony was ill-timed. jonathan: it certainly splices things up a little bit later. tom: i was going to say, john was way out front on this this morning. lisa: you are wearing your beige suit. this is going to be a great show.

jon: i would rather talk about italy's win. you know the secret in the ferrousehold, when we are very pro italy. romaine: i thing i've heard. jon: i was off yesterday afternoon, but paul sweeney sent me and email, how do you make the decision? is it italy or england? when your father is italian growing up, that is just an expectation you put on the blue jersey. tom: you got to root for italy for your father. jon: coming up, rich michigan -- coming up, rick mishkin. on tv and radio, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. the 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

jon. jonathan: virgin galactic doing nicely this morning. alongside tom keene and lisa abramowicz, i'm jonathan ferrop. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. in haiti, a new twist in the investigation into who killed the president. a man accused of flying into haiti on a private jet and working with the suspects in the assassination. the man was identified. dr. and they've how she says backs and rate -- says vaccination rates are lagging in southern and midwestern states, but the round of morning talk shows to reinforce the administration's position that the vaccines are safe. this could be the biggest chair or death biggest jet order ever. talks with airbus and boeing for 150 new single aisle planes. air france is looking to expand its supply of jets. disney's "black widow" scored the highest grossing debut for a film since the onset of the pandemic. the newest marvel picture took in $80 million in the u.s. and canadian business ticket sales. disney says it also generated $60 million paying $30 to watch it at home. global news 24 hours a day, on air and on bloomber

ferro, lisa abramowicz, and tom keene. kailey leinz in for we cyber moist today -- for lisa abramowicz today. jon, what is the question you would ask the president of the ecb? jonathan: i think there are some central bankers here that feel the same way right now. i would say, where is the big change? here are your words. this is going to be an important meeting. what was important about it? i would just look at the euro-dollar and let the market speak for me. euro-dollar is totally unchanged. to get that line in there, this may also imply a transitory period where inflation is moderately above target, that might show how different the ecb approaches compared to the federal reserve. the fed is taking on this flexible average inflation targeting mode. the ecb has overshot its target for years, and they are looking to make it up. they are just trying to get back to something sustainably towards 2%. tom: the distance from brainerd to bullard, just as two examples on the fed, as an intellectual exercise. the distance from germany to finland is a different exercise, isn't it? jonathan: i would say the