jonathan head, bangkok. let's look at some of the day's other news.ore than 250 migrants has docked in sicily, a week after those on board, were rescued off the tunisian coast. passengers on the vessel — run by the german aid agency, �*sea watch international�* — clapped and cheered as they arrived at the italian port of trapani. italy has urged other european union countries to accept some of the new arrivals. thousands of people have been protesting across france, against a new health pass, intended to limit the spread of the coronavirus. it's the fourth consecutive weekend of demonstrations. the pass will be needed at cafes, restaurants, shopping centres — and on inter—city trains. it shows that the holder has been fully vaccinated, has recently tested negative, or has recovered from the virus. you're watching bbc news. it's been another day of success for team gb, at the olympics in tokyo — with two more gold medals — taking the overall tally to 20. the boxer, galal yafai, won britain's first gold in the men's flyweight division, since 1956. while

jonathan head, bangkok.rian schoolgirls kidnapped by the islamist extremist group boko haram in chibok seven years ago has been freed, and reunited with herfamily. according to the borno state governor, the girl and a man she said she married during her captivity surrendered themselves to the military 10 days ago. more than 270 girls were abducted in the raid on their school in the northeastern town in 2014, sparking an international outcry. over a hundred of the girls are still missing. amsterdam has marked the 25th anniversary of its first pride parade. around 10,000 people carried rainbow flags and banners through the city, capping off a month of events. celestina olulode reports. a demonstration of equality, with a clear message. all chant. a walk through the historic city centre is how thousands marked the 25th anniversary of amsterdam's pride festival. while the party atmosphere gripped the streets... woo! ..some marched with these flags in hand, representing countries where homosexuality is still agai

jonathan head, bangkok.lgirls kidnap in chibok seven years ago has been freed and reunited with her family.— with her family. according to the state _ with her family. according to the state government, - with her family. according to the state government, the l with her family. according to i the state government, the girl and a man she said she married during her captivity surrendered themselves to the military ten days ago. more than 270 girls were doctored in the raid on their school in the north—eastern town in 2014, sparking an international outcry. over 100 of the girls are still missing. hundreds of people have been evacuated by ferry in greece, as firefighters continue to battle an unprecedented outbreak of wildfires. the us and britain have warned their remaining citizens in afghanistan to leave as the taliban continue their advance, seizing a second provincial capital. now let's get an update from the olympics. the final day of the games is well underway in tokyo, here's a look at the medals table

jonathan head, bangkok. this is bbc news. have been evacuated by ferry in greece as firefighters continue to battle an unprecedented outbreak of wildfires. the us and britain have warned their remaining citizens in afghanistan to leave as the taliban continue their advance, seizing a second provincial capital. now let's get an update from the olympics. the final day of the games is well underway in tokyo. here's a look at the medals table right now. china is leading with 38 gold medals but the us isn't that far behind with 36. host nationjapan is in third place. well our sports presenter, sarah mulkerrins is in tokyo. you are looking considerably drier than when we last spoke to you tell us about the kenyan dominance in the men's marathon.— dominance in the men's marathon. , ., marathon. this was a wonderful wa to marathon. this was a wonderful way to potentially _ marathon. this was a wonderful way to potentially round - marathon. this was a wonderful way to potentially round of- marathon. this was a wonderful way to potenti

jonathan head, bangkok.ovid i9. the country hopes to vaccinate 3.2 million people in a just week, as it battles the latest surge in cases. bangladesh's national lockdown has been extended until august 10. our south asia correspondent danjohnson is in delhi, and he said that the spread of the delta variant is a huge challenge. that variant is sweeping across the country particularly in the last few weeks. to give you some perspective, there have been 22,000 covid deaths in bangladesh since the start of the pandemic but a quarter of those happened during july. so things are really happy and getting bad in the past few weeks. intense pressure on hospitals and emergency services. it is why the authorities have taken this step to ramp up the vaccination programme. originally their aim was to vaccinate 10 million more people this week. they have scaled that target back to 3.2 million but it is their intention to roll—out vaccinations particularly to some of cutup communities that are hard to reach especially in th

jonathan head, bangkok.k band, kool & the gang, has died aged 70. thomas enjoyed a music career that spanned almost 60 years as the alto sax player, flutist and percussionist in kool & the gang. the band were known for mega hits including, �*celebration�*, �*ladies night', and �*get down on it.�* this is bbc news. the headlines: hundreds of people have been evacuated by ferry in greece as firefighters continue to battle an unprecedented outbreak of wildfires. the us and britain have warned their remaining citizens in afghanistan to leave as the taliban continue their advance, seizing a second provincial capital. now let's get an update from the olympics. the final day of the games is well underway in tokyo, with just 13 gold medals left for grabs, china is leading with 38 gold medals, but the us isn't that far behind with 36. host nationjapan is in third place. for more on this, we can now cross live to our sports presenter, sarah mulkerrins. we have had news of a gold medal when in the marathon on. this was

the bbc�*s jonathan the bbc�*sjonathan head there on the us vice president kamala harris's trip to thetoday. all children in china will begin to study the political ideology of the chinese president, xijinping, as part of the national curriculum. from kindergarten through to university, china's ministry of education said the new material would strengthen resolve to follow the ruling communist party and cultivate patriotic feelings. the latest us intelligence report into the origins of the coronavirus pandemic is inconclusive, according to us media reports. it looked at whether the virus could have been the result of a lab—leak or passed from an animal to a human. the subscription website 0nlyfans, known for its adult content, has announced that it will delay making changes to prohibit sexually explicit photos and videos from october. in a tweet, the website now says it has suspended the policy change. however, it has not specified whether the delay will be permanent. armenia's parliament has descended into a mass brawl as the country remains split following last year's defeat in a war

jonathan head, bangkok. jonathan head, bangkok.he men's javelin at tokyo 2020. the twenty—three year old registered a best throw of 87.58m on saturday to win a historic medal for india bbc hindi's raghvendra raojoins me now from the city of shimla. tell us, first of all, do we understand how big a deal this is? for indian athletics. because i think people know a lot about, for example, african rhinos and know little or nothing about india's athletic events. —— african runners. this is a huge development as far as indian sport is consensus that india, you know, it has always been the case of all these last decades, we have had athletes who came close to winning medals, individual medals, particularly in track and field events, be it whoever. indian sportsmenjust field events, be it whoever. indian sportsmen just missed the podium field events, be it whoever. indian sportsmenjust missed the podium by a whisper, so in that context is particular when, a gold medal and a track and field event, it is the first for india. remember we only

our south east asia correspondent jonathan head has more.�*ve been planned several weeks ago as part of a salvo of visits by senior us officials to this region to demonstrate the biden administration's renewed interest in southeast asia. but it is hard to imagine they would have gone ahead with it had they known it was going to come right after the disastrous scenes that we have all witnessed in afghanistan. i mean come on one of the countries on her itinerary is vietnam, which inevitably invites unflattering comparisons with the last time the us was so humiliatingly defeated. kamala harris is relatively inexperienced in foreign policy and she is having come on this trip, to fend off questions not just about the dreadful events in afghanistan, but also about the overall reliability of the united states as an ally. now, of course she could point to the remarkably close relations today between the united states and the very same communist regime that drove it out of vietnam 46 years ago as evidence that the us can and does bounce back from its

jonathan head has the latest.iven the dubious way in which he got the job last year — in an internal coup that brought down the reformist coalition he was then part of, leaving bitterfeelings in malaysian politics — given the deep split in his former party, which has been a central part of his governing coalition, and given the herculean task facing any malaysian government in addressing the fast—growing covid epidemic. now the horse trading begins to choose mr muhyiddin�*s successor, and many malaysians fear that that will inevitably involve concessions to or compromises with some of those facing charges for the alleged involvement in the great 1mdb financial scandal, a scandal that the malaysian public by and large wants to seejustice in. what about, though, opposition leader anwar ibrahim, a man who's been campaigning for the top job for more than 20 years, who spent two terms in prison in part because of his efforts? he's often claimed that he's got the numbers to form an alternative administration, but in tru

jonathan head, bangkok. let's look at some of the day's other news.er those on board were rescued off the tunisian coast. passengers on the vessel, run by the german aid agency, sea watch international clapped and cheered as they arrived at the italian port of trapani. italy has urged other european union countries to accept some of the new arrivals. thousands of people have been protesting across france against a new health pass intended to limit the spread of coronavirus. it's the fourth consecutive weekend of demonstrations. the pass will be needed at cafes, restaurants and shopping centres, and on inter—city trains. it shows that the holder has been fully vaccinated, has recently tested negative, or has recovered from the virus. the british singer lily allen has made her acting debut in london's west end — and she's revealed she finds the theatre experience far scarier than performing a music concert. the 36 —year—old is starring in �*two twenty—two', a supernatural thriller about four friends caught up in a night of high tension. mark lobel repor

jonathan head, bangkok. let's get some of the day's other news. in sicily, a week after those on board, were rescued off the tunisian coast. passengers on the vessel — run by the german aid agency, �*sea watch international�* — clapped and cheered as they arrived at the italian port of trapani. italy has urged other european union countries to accept some of the new arrivals. senators in the united states are meeting for the second weekend in a row in an attempt to pass a trillion—dollar infrastructure bill. the bipartisan legislation has cleared another procedural hurdle, as it edges towards a final vote. the majority leader in the chamber, chuck schumer, said the senate would remain in session until the process was completed. the french authorities say nearly a quarter of a million people have taken part in the fourth consecutive weekend of demonstrations against a new health pass intended to limit the spread of coronavirus. protesters marched in paris, toulon, nice and other cities. there were isolated clashes, with demonstrators throwing proje

jonathan: we will head down to washington, d.c. and catch up with our washington correspondent who was in the room yesterday with the national security advisor jake sullivan. that is next. from new york, this is bloomberg. ♪ laura: with the first word news, i am laura wright. u.s. says they have assurance of safe passage from the taliban. about 11,000 americans are in the country, roughly 3500 troops on the ground providing security at kabul airport. there also numerous taliban checkpoints. boris johnson rejecting calls for a formal inquiry on afghanistan. he says the taliban took over the country even faster than they expected. johnson also said it would've been impossible for british troops to stay in afghanistan without an american military presence. texas governor greg abbott has used executive orders and court rulings to fight masked mandates and other anti-pandemic measures. now he is isolating and the governor's mansion after testing positive for breakthrough case of the coronavirus. abbott is fully vaccinated. his receiving

jonathan: we will head to d.c. in about 10 minutes time. this federal reserve governor quote, data in hand for september when consumption, school and work patterns should be settling into a post-pandemic normal. let's bring in the city chief economist on that line. september is the call of the fed. how important is that? >> really important. ps -- she is sending a clear signal that she is not willing to support changes the policy before she sees september data. that is different than what we heard from chair powell, who left things more open and flexible, watching jobs reports. but for brainerd, it is going to be what happens in september, unemployment benefits coming off. how much does that allow the shortage of workers -- tom: what is your q4 estimate? do you have an actual statistic or are you like governor brainerd, just waiting for data? >> all economists are waiting to see how the data comes in. it is interesting that we have the emphasis on the jobs numbers. of course we should all be watching the labor market. that is part of the fe

jonathan: stuart kaiser joins us now, ubs securities head of equity derivative's research. is it recovery delayed and not derailed? stuart: we better hope so. that is certainly how the market is priced. we are still near all-time highs. our consumer survey work we do on a weekly basis i think once to that, in the sense that those consumers still think the employment outlook is very strong, but their views on returning to work have declined substantially. so i think the consumer is still seeing a strong economy. they are just a little bit less excited to participate in it because of the delta variant and other things. i guess the question there is one of persistence. how long will it take them to be convinced to get fully engaged? to your point, that is the ultimate arbiter of how the economy looks two to four quarters from now. tom: what do the derivatives say about catharsis? we've had a drawdown of 2%, nowhere near a correction. i am going to suggest there is no true catharsis out there. what does the math say about it right now? stuart: i think the equity derivative set

jonathan: we will head down to washington, d.c. and catch up with our correspondent. coming up, the former new york fed president and bloomberg columnist, ahead of your payrolls report. equity futures unchanged. yields up three basis points. from new york city this morning. good morning. this is bloomberg. ♪ >> the senate set to approve the infrastructure package, the largest infusion of cash in decades for roads and bridges and mastic -- and domestic projects. they will hold the bill until they vote on the largest package. today's jobs report is likely to show the u.s. added just about 850 8000 jobs last month. the rollout of the vaccine has encouraged businesses to reopen. more than 30 u.s. trade groups have called on the biden administration to renew negotiations with china and remove tariffs. they say they are hurting the american economy. those groups include the u.s. chamber of commerce. the fastest pace in 24 years, increasing competition and jobs opening with the loosing of pandemic restrictions. struggling to fill gaps in workforces. china reportedly will pay

jonathan: steve major, hsbc managing director and global head of fixed income research. this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market down 21. we declined by about 0.5% on the s&p 500. yields lower at 1.2250%. lower by a basis point on friday. tom: let's take 30 seconds here before david wilson to stop -- to talk steve major here. the delta back five or six years is without question to a lower yield. that is a structural call of mr. major. but what is important to me is the only time we have been lower than this yield is through 2020, through the pandemic. where we are right now is hugely unusual. jonathan: the bullish call is that a tolerance for higher interest rates has greatly diminished over the last year. just on the supply on the taper story, he's making the argument that treasury supply will decline over the next year or so , and because of that, that will offset the tapering to some degree, so he doesn't even think tapering will be bearish for treasuries. as i say, he's looking for 1% on the 10 year y

fixed income, which is why it makes sense to have a more moderate duration profile as we head forward. jonathangood to catch up. gene tannuzzo, columbia threadneedle global head of fixed income. as we get deeper into the year, if people wake up and see the data that spells out a stronger message that says a lot of this is going to fade, we have piled in in a massive way into tips, and a monster fashion. that under wind could be -- that unwind could be brutal. lisa: when you talk about real yields turning more positive, what is the readthrough effect on stocks? it kind of depends on where that increasing real yields is coming from. is it nominal, or is it in the tips market that a lot of people have discounted as perhaps a bit distorted? jonathan: let's be clear, that 4700 at goldman for this year, the 4900 for next year, a lot of that leans on some stable and low interest rates among forward from here. tom: it does. we've got a chart on that. i think we've constructed this up. for those of you on radio, you take a vector of this and you folded in, what we see on earnings and the rest of it, and

heading out to not looking good. in fact, are tracking the worst air quality out there right now. but i like jonathan'sd it, you know, just stay up above the clouds and just, you know, hanging out there for a little bit. just don't don't land. we're dragging some pretty warm quality out there. i 80 at donner summit. we're seeing poor air particles out there. in fact, the worst that we've been seeing all week long in stormtracker 4 in the bay area marine layer nonexistent along the coast and we're tracking clear skies for those of you throughout the sierra and we are tracking overall for your sierra forecast. a fire weather watch going to go into effect starting monday afternoon through tuesday night because of very gusty winds out of the southwest 50 miles per hour less and that's going to drop relative humidity to as low as 10%. the last thing this year and need to add that kelder fire inches closer to south lake tahoe at last check. it was just 12 miles away from the city. so it's getting eerily close there in future cast for very dry. clear conditions. the winds, though, out of the southeast pushing

jonathan: that was lisa hornby, schroders head of fixed income. tom: that was a great interview. than: thank you, tom. you were part of that. [laughter] equity futures up 15, 0.3% on the s&p. in the bond market, yields are higher by a basis point or two. a breakdown yesterday. still sub-1.20%. tom: we haven't talked about the curve flattening yesterday, the difference between the 10 year and the two-year, less than one percentage point. we didn't get back to where we were july 17 or whatever, but it is a big deal. jonathan: we talked about this so much over the last few months . guessing the data is one thing. guessing how the market will respond to the data is quite another, and really difficult to do. it was a downside surprise on the ism, but really robust demand, still some subtle signs that supply constraints were easing. those of the kind of things we want to see. i don't know. what do you think? tom: tom porcelli wrote a note on that, saying it was better than the doom and gloom. lisa: shorts greece. that's what a lot of people were saying still. the idea that there is stil

jonathan: trying to get massive things done on slim margins can really come back around and smack you around the headn it comes around midterms next year. jonathan: -- tom: 538 yesterday put out there number four -- they're wonderful new website where they will put out all of the battles. it is going to be tangible. jonathan: i am going to go to the break now. are you ok? tom: i'm ok. i'm overwhelmed by the gloom today. lisa: i love that someone says raising money, and he says, let's talk about money. tom: i just don't get it. i wish it was like you can i do kingdom -- the united kingdom. what can i say? jonathan: yields unchanged on tens, 1.3036%. i would love to go. p&g, a great team. just need someone interesting for them to play against. this is bloomberg. ♪ ♪ comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who dev

>> tucker: jonathan karp is the head of simon & schuster.his book when simon & schuster canceled josh hawley's book because they didn't like his politics and i felt kind of implicated in that because they were sending me money, so i called -- i called john karp, who runs the company, and i said, why did you do this? and he said essentially because we came under pressure from the democratic party so we did it come atites that i think that is disgusting, i think you are disgusting, and he said you still have to write the book, okay, i'm going to write about you, and i did come at i dedicated the book to him. watching the acknowledgment, an open-minded book editor interested in ideas, to just another corporate sensor whose job is to shut on any conversation that threatens the people in charge of such a depressing and bewildering thing to watch, i mean, john karp was never a genius to begin with, he is not inherently super impressive, he is a collector of merit badges, like so many people in charge, but i never thought that he would abet censors

jonathan: bruce kasman, jp morgan chief economist and head of global research.his is important. lower participation for longer and a stronger job growth mean the economy could reach the economy benchmark earlier than we anticipated. morgan stanley looking at 3.3% by year-end next year on unemployment. the risks around us, they go on to say, if we do not get a labor supply, this could really constitute what the fed constitutes as maximum employment. some say that is a recipe for issues with policy. tom: you hear the phrase nairo, we will blame ned phelps of columbia for that. jon, i am sorry, the calculation they were talking about is hyper complex. we don't know other than their peers to be a massive gap between "we need to hire today," and the millions of people they cannot use. jonathan: the answer in the last cycle is lower. this time around, i don't know where it is, they assume it is lower, much lower. tom: i think some of these gradations get back to february, pre-pandemic, but otherwise, what is the new territory we are heading to? we just don't know. jon

jonathan: this one is hard to get your head around. crude right now, $67.50 on wti.e movers. here's remain -- here's romaine. romaine: those comments definitely going to be talked about throughout the day. seeing some reaction already in shares of occidental and marathon petroleum. palermo is one of the biggest refineries as well. both of those stocks a little bit lower in the premarket. it is going to take a little bit of time to sort this out and figure out whether there's any sort of real-world impact and any sort of market impact here. for right now, a little bit of softness. you are also seeing some softness in the airlines today. interesting commentary out of southwest airline this morning, saying it is already feeling the effect of what it says are negative effects of the covid crisis. the company shaving about 3% to 4% off of its three q revenue outlook, saying it is already seeing increase trip cancellations and a decrease in trip things heading into the fall season, something to keep an eye on. a lot of people also talking today about that infrastructure bi

much trauma might be more concentrated, but how this will play out for president biden heading into the midterm. jonathann't get an answer over the weekend. why did they wait so long to ask congress? i can't get my head around that. lisa: there was no answer, not that i can tell, in terms of why it wasn't more on the radar area they did say they had been discussing it behind closed doors, and yet the urgency seemed to not be there. jonathan: breaking news out of the u.k. come out of england come out of north london. harry kane hasn't shown up for training, apparently. he was due to return this morning following a short holiday, and he hasn't turned up for training, so your spurs might lose your harry to manchester city. tom: i'm so worried about this. he wants to go to one of the manchester teams, right? jonathan: manchester city apparently in the mix. possibly. we've got to see if -- leaves villa. tom: where is man city's money to afford that? jonathan: not from england, from the middle east. that is where the money is coming from. a lot of the money, anyway. tom: it is like un-american. it is on britis

>> tucker: jonathan karp is the head of simon & schuster.josh hawley's book because they didn't like his politics and i felt kind of implicated in that because they were sending me money, so i called -- i called john karp, who runs the company, and i said, why did you do this? and he said essentially because we came under pressure from the democratic party so we did it come atites that i think that is disgusting, i think you are disgusting, and he said you still have to write the book, okay, i'm going to write about you, and i did come at i dedicated the book to him. watching the acknowledgment, an open-minded book editor interested in ideas, to just another corporate sensor whose job is to shut on any conversation that threatens the people in charge of such a depressing and bewildering thing to watch, i mean, john karp was never a genius to begin with, he is not inherently super impressive, he is a collector of merit badges, like so many people in charge, but i never thought that he would abet censorship, he is a book publisher! the whole p

so when you took us jonathan, easiest ma'am. which was we had to head for the airport immediately after filming this episode, we were leaving a gun us down to return in another 6 months to get a couple of the money when we were looking for him, i just want to see if i can take drugs are essential for millions of patients or are they, they want that pill that they hope will take care of their problem thoroughly and rapidly in the short term they really work. the problem is, in a long term, they're mostly disastrous. suddenly stopping a drug can cause withdrawal symptoms more serious than the condition it was meant to treat instead of the beneficial effects of these different medicines ending up to something wonderful. very often they're harmful effects and up to something terrible can bill. so of all ills are trying to mitigate life itself. i just think i was like i was just scared, scared, little girl of 24. and like me didn't have to be so complicated. join me every 1st day on the alex simon show. when i was speaking to guess in the world, the politics

inland and pittsburgh 71 degrees and even hotter temperatures tomorrow, triple digit heat head to the beach right jonathan. it's right. ahead. just give you something to do tomorrow and you can watch us tomorrow property in prime time after that way to you or get tonight. - hi everyone and welcome to the legal help center. today we have legal professionals standing by to answer your questions and give you a free consultation. so if you've been injured in an accident that was not your fault and you don't have an attorney, give us a call right now and we'll let you know how much your case is potentially worth. now, this is a service to you, the viewers. there are legal professionals available right now offering you a completely free consultation. so if you've been injured

fortunately no major heat waves heading our way back to you. jonathan and just recent. thank you. tonight, 10 o'clock gig workers now breathing a big sigh of relief as a new ruling puts benefits like over time. >> and health care once again within reach for them. let's get the very latest now from kron four's amanda hari. the drivers. i spoke to say that they want to be employees. >> not independent contractors but then there are other groups that believe prop 22 could benefit everyone. >> that it pay dignity, more way. >> just expect to be treated better. ron, do gantt tells me he's been driving for lyft and uber for 3 years. he says he wasn't happy when proposition 22 whose first passed by voters in november of 2020. i always impact 22 victim means long prop 22 exempts companies like uber and lyft from a california state law that would require them to treat workers as employees that would mean offering benefits like overtime, health care and paid sick leave prop 22 keeps workers classified as contractors that offers narrower benefits and pay least 100, 20% of minimum wage. the m

jonathan johnson. well deal that did go through is with christiana, rinaldo. he's heading to manchester united from you, bent us. the transfer is now 100 percent complete. united reportedly pain and initial $17000000.00 for the portuguese legend, who scored $118.00 goals and $292.00 games in his 1st spell. at old trafford. on tennis world, number one, know that joke of it starts his us open campaign. later on tuesday, the serbian is chasing his 4th grand slam victory for the year and is chasing a piece of history to i'd say, consider all hype that's only good to accelerate. the more he will be know, male has pulled this off in more than 50 years. stephanie graff was the last player, male or female. that was 1988. so for novak yoke of, it's not just to read the grand slam, which is sort of the holy grail tennis. but also if he doesn't ill, also vault ahead of rock in the dahlan. roger federer with 21 majors the all time record. so an awful lot at stake here, and i suspect with each round he wins the pressure on the hype is only going to accelerate. well, we'll have more on

so when you took us jonathan, easiest ma'am, which the good will we had to head for the board immediately after filming this episode, we were leaving a gun. this down to return in another 6 months to get the money when i'm looking for pretty much is still going to see when i would chose the wrong $1.00. all just don't the room. yes. to see out this thing because the after an engagement equals the trail. when so many find themselves, well the part we choose to look for common ground in hello. this is driven by dream shaped by those with the in me dares thing. we dare to ask in oh, is your media a reflection of reality? the in a world transformed what will make you feel safer? tyson lation community. are you going the right way or are you being somewhere? direct? what is true? what is faith? in a world corrupted, you need to this end. the so join us in the depths will remain in the shallows. i i me me me me me. when you get this done and we have a new camera man on our team. this is dennis left 1st time in the country to him. everything here seems unusual. but there are things that really h

good thing we have jonathan doing it for us. head to nbcbayarea.com and click on local athlete tracker. it's up on the trending bar. you're watching "today in the bay." ♪♪ ♪♪ ♪♪ return to rugged. the all-new ruggedly redesigned 2022 nissan pathfinder. ♪♪ ♪ we can fly where you want to ♪ the all-new ruggedly redesigned 2022 nissan pathfinder. ♪ we can leave your house behind ♪ ♪ but if your friends don't mask ♪ ♪ and why don't they mask? ♪ ♪ well they won't fly this airline. ♪ ♪ you can fly if you want to ♪ ♪ cause we do safety right ♪ ♪ we have air that's clean and disinfectant machines ♪ ♪ zapping germs like an arcade space fight ♪ ♪ and we dance ♪ ♪ do the dance, do the dance ♪ ♪ hepa filters cleaning commence ♪ ♪ ♪ ♪ alaska safety dance ♪ ♪ alaska safety dance ♪ >>> welcome back. 5:26. new options may be coming for people in silicon valley trying to make it in the bay. "the mercury news" reports a new development with 500 affordable homes under review. it's about the rend eggs of the vista montana project which look built where va

jonathan: good to catch up. thank you. subadra rajappa, socgen head of u.s. rates strategy. tom: it is like a bathtub. explain the bathtub model. jonathan: this will be reinvested over time until they try to unwind it, and that will take a long time. what we saw last time around is when they tried to start and unwind it. that is when the old story of tapering was not tightening. what if unwinding started to become tightening in a fashion? that was the problem for fed communication. lisa: that is the reason why steve ritchie to -- steve ri cchiuto said he does not think they will tighten. is this the main reaction function at a time when they will not get that far away from 0% interest rates? jonathan: you can book a seat on the lisa abramowicz tour at 4:30 eastern on thursday afternoon. i wasn't joking. that is what lisa does on a thursday afternoon at 4:30. lisa: everyone knows that. [laughter] jonathan: equities on the s&p advancing 0.07%. more insight from some wonderful guests, including bill dudley, the former new york fed president. he will be joining us shortly. the equity market near all-time h

you put it up thing shows that it's not commercial when you took us jonathan easiest, and them the coach with them and we had to head for the board immediately after filming this episode, we were leaving of guns down to return in another 6 months to get a couple of pretty much still going to see if that is the i choose in cataract drugs are essential for millions of patients or are they, they want that pill that they hope will take care of their problem thoroughly and rapidly in the short term they really work, the problem is in a long term, they're mostly disastrous. suddenly stopping a drug can cause withdrawal symptoms more serious than the condition that was meant to treat instead of the beneficial effects of these different medicines ending up to something wonderful. very often they're harmful effects and up to something terrible. can pills so of all ills? or are we trying to mitigate life itself? i just think i was like i was just scared, scared little girl, the 24. and like, didn't have to be so complicated. i me me we're back, you know get this done and we have a new camera man on our team. this is dennis lo

jonathan: we are friends, come on. chris harvey, wells fargo head of equity strategy. if you want to wind up chris today, please a male him and asked him about his price target. you equity market unchanged on futures. isaac what chris had to say at the end is really important. at the start of the crisis, the goal of the federal reserve was to divorce financial conditions from underlying fundamentals. fundamentals have started to pick up in a material way. now it is about the handoff. the handoff is always difficult, and it does not come without volatility. tom: i'm going to go back to the gdp call and what corporations do with the nominal gdp they are given. there's a huge uncertainty over that in q4, but what about q1 of 2022? i see no vision there. jonathan: talk about reopening. it went from april or may of 2020, i know we are having a conversation about maybe getting back to normal, whatever that means anymore. lisa: but the bifurcation between inflation running too hot and posing a real problem for the fed firs is this idea of whether we reopen in the face of the

jonathan: it's a new tesla! (cheers and applause) - money! wayne: oh, my god, i got a head rush. - give me the big box! s good, people. - i'm going for the big deal! jonathan: it's time for "let's make a deal." now here's tv's big dealer, wayne brady. wayne: hey, america, welcome to "let's make a deal." wayne brady here. thank you so much for tuning in. you know, we make deals. we're going to make one right now. who wants to make a deal? you, come on over here, yes. hey there. jaclynn, nice to meet you. - it's a pleasure! wayne: big air hug to you. - high five. wayne: boom, high five.

jonathan: thank you. get to catch up, marilyn watson, blackrock head of global fundamental fixed income strategy.gher by almost a basis point. news of the morning right now, canadian pacific offering kansas city southern $300 per share. a 34% premium. that stock is up by about 6.5% in the premarket. tom: a very sharp note sees material risk priced in. this deal will not go through. canadian national of montreal will be denied by the regulators the ability to merge with ks you. there's a $1 billion breakup fee and then i guess the ball is thrown into canadian pacific's court. it is really evident in all stocks. there's real, legitimate regulatory tension. jonathan: and that regulatory tension is going to get bigger in america, given what we've heard from this a adminstration, for the big companies to big deals -- to do big deals. tom: the fact is, everybody wants to scale up to get to a point where they can protect margins and sustain, particularly away from the glory stocks. the ones with high revenue, great. but people cranking out nominal gdp, they are worried. jonathan: the glory stocks, the b

a former head of drug development for merck and pfizer, dr. jonathan javits.nda: we are seeing mixed picture for the market today. we are seeing industrials rocketing ahead. you can think that infrastructure bill, at least in part for some of the activity in the materials group. up almost 9% on the date today. a boost as see those delta variant picking up cases. that will support names like pfizer and modernity. overall, you are seeing weakness, the focus does appear to remain on the infrastructure bill. we are waiting for the president to speak on this live. the latest on this. great to have you with us, i want to start with just how far this is, because these are comp gated processes. >> that's exactly right. this is the first up of many others to come. an important portal, this is significant. bipartisanship here in washington, d.c.. to get it the finish line. as you say, a number of hurdles ahead. speaker pelosi has set a number of times, a redline area saying i will not take up a bipartisan infrastructure agreement. right now, we have in the senate, worki

jonathan: it's a new tesla! (cheers and applause) - money! wayne: oh, my god, i got a head rush. - give me the big box! t. tiffany: it's good, people. - i'm going for the big deal! jonathan: it's time for "let's make a deal." now here's tv's big dealer, wayne brady. wayne: hey, america, welcome to "let's make a deal." wayne brady here, thank you so much for tuning in. i need two people here to make e a deal. you want to make a deal. and you want to make a deal. come on now. (cheers and applause) - whoo! wayne: everybody else, have a seat, have a seat.

jonathan: it's a new tesla! (cheers and applause) - money! wayne: oh, my god, i got a head rush. - give me the big box! nathan: it's time for "let's make a deal." now here's tv's big dealer, wayne brady. wayne: what's up, america? welcome to "let's make a deal," wayne brady here, thank you so much for tuning in. let's make a deal, shall we? who wants to make a deal? let's start with you, come on over here. (cheers and applause) something that we definitely saw a lot of during quarantine. everybody, have a seat, have a seat.

jonathan karl. as always, thanks for watching. "washington post" live. check out interviews we have coming up and headed to "washington post".com to register for more events like this one and to get it isn't often that booktv features nba players. but the player on your screen, ekpe udoh, is also the founder of a book club. he's played in the past for the box, the warriors, clippers, the

jonathan: it's a new tesla! (cheers and applause) - money! wayne: oh, my god, i got a head rush. - give me the big box! did it. tiffany: it's good, people. - i'm going for the big deal! jonathan: it's time for "let's make a deal." now here's tv's big dealer, wayne brady. wayne: welcome to "let's make a deal," wayne brady here. thank you so much for tuning in. i'm going to start us off with three people, we're going to make a deal right now. let's see, let's get two people in-studio. let's start off with you, with the paint brush,

jonathan: annmarie: thank you. we have to leave it there. i know the man who has had pushback is the head of the council.o give you a flavor of the conversation coming up shortly on this program, here's a tweet -- "what makes the situation so frustrating is that allies have reached somewhat of a -- it was not a peaceful military victory, but it was instantly preferable to the strategic and human catastrophe that is unfolding those comments over the weekend. tom: whether you agree or disagree, it shows three stages of war. as you say, we reached an equally. of 3000, 4000, 5000 soldiers and contractors. equally the blame of republicans and democrats. jonathan: there are questions that you and i cannot answer this morning. what have we achieved over the last 20 years? what did we achieve? tom: there will be a lot of analysis on that. is this the same taliban as the old taliban? and what do adjacent nations do? jonathan: i'm jonathan ferro. your equity market a little bit lower in the last 15 minutes. down .4% on the s&p. from new york city as we kick off a new trading week, this is "bloomberg surveillance."

it comes days before the homeland security secretary heads back down there. jonathanin mission, texas today. good morning. >> good morning, bill. busy morning on the border here at mission, texas. pretty much constant parade of border patrol vehicles and busing passing through. the fence behind me towards the rio grande picking up a lot of migrants and busing them. as you can see from our drone pictures to a nearby bridge. put them under there in the shade and process them. last night we got this extraordinary video from our cameraman out late last night as hundreds, perhaps as many as 400 migrants appeared from the bushes in the la joya, texas area and suddenly came out and all those had to be processed by border patrol through the night. it was according to brian quite an extraordinary scene. mayorkas is due here on thursday. his first visit since he came here on may 7th. listen to what he said on that day. here he is. >> the challenge remains, it is not behind us. but our plan of execution is well underway and the results are compelling. >> a plan of execution that