jonathan johnson of overstock. keep up the work -- >> thank you, liz. red arrows on the screen right now, but today's countdown closer says this bull market will not be over soon. but do you believe him? todd bubba horowitz here to explain why and reveal the stocks he says can still win in your portfolio. ♪ ♪ oh! are you using liberty mutual's coverage customizer tool? sorry? well, since you asked. it finds discounts and policy recommendations, ... ♪ liberty. liberty. liberty. liberty. ♪ the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network. then we add the speed of verizon 5g. we provide security that's made for business. and offer plans as low as 30 dollars per line. come to verizon small business days on fridays in july to get a plan that's built right for your business. ♪ all by yourself.♪ - oh. - what? rain. cancel and stay? done. go with us and get millions of felixble booking options. e

what a good time to bring in the ceo of overstock.com, jonathan johnson. d for the furniture industry. a lot of people moving, wanting to buy new stuff but now we've gone past the pandemic, we're on the recovery road. do you think you can keep up the momentum? >> ashley, i think we do and we can, ashley. i think there is, beyond the migration, housing starts are very high. savings rates are high. most important for overstock, there has been a secular shift from home furnishing buying, brick-and-mortar to online. same thing happened with books two decades ago and clothing a decade ago is now happened in the home furnishes market. that bodes well we think for overstock. ashley: we've done a lot of stories, jonathan, on the supply chain issues. are you having problems with shipping delays? >> well, there is, there is no question supply chain remain as challenge for us. it is not shipping from our warehouses or our supplier warehouses. it is really become the cost of containers as goods are coming into the country. our suppliers have done a fairly good job of d

jonathan: the johnson & johnson cfo. new york city, alongside tom keene, i am jonathan ferro with kailey leinz. lisa will be back this coming monday. equity market up nine or 10 points. we add a little bit to that rally, advancing .2%. the yield is pushing back to 130. back at that level right now. 130 flat. yields up around one basis point . in 57 minutes to an ecb decision. the euro-dollar is unchanged going into that. tom: absolutely. on the pandemic, some clear talk. we had a wonderful day yesterday diving deeper into this delta variant. jennifer nuzzo with us. i want to go back to april 26. the eu was looking at letting american tourists into europe. there was a better tone. hospitalizations now, led by the unvaccinated, they returned to where they were april 26 and it is not a good trend. what is the character of those hospitalizations? jennifer: it is not a good trend. it is a different patient population than has been hospitalized earlier in the pandemic. we have seen good vaccine uptake in the populations that a

jonathan: guy johnson writes in, "it's debt on monday anyway -- it's dead on monday anyway." thank you, guy. guy johnson coming to'you in about two hours time. -- to you in about two hours' time. ritika: president biden is signing a wide-ranging executive order today, aimed at promoting competition in the economy. amongst other things, it calls for supporting programs that would import cheaper prescription drugs from canada, save on internet bills, and make it easier for people to get refunds from airlines. the president also seeks greater scrutiny within the tech industry. the largest business and labor organizations in the u.s. are joining forces to push for the infrastructure bill. the chamber of commerce and afl-cio are on board, along with groups representing manufacturers, retailers, and builders. president biden and i bipartisan group of senators brokered that agreement last month. billionaire richard branson made his reputation with a series of daredevil exploits. he returns to that on sunday when the 70-year-old is scheduled to take a rocket powered trip to the edge

johnson and jonathan, there is no way my sister would have died if we had enough oxygen, but we were trying to buy oxygen with double prices, but we couldn't get any, even though we have oxygen cylinders, we couldn't manage to get them refilled in time. i was told with the military governments health care system response and handling of covered 19 is so wrong, it's getting worse and there's no hope. it's 4 to 5 times the number of deaths during the 1st. and 2nd, waves of covered 19 me and my health care system has been in chaos since the military queue on february, the 1st on top of covered 19 violence against protested pressure on hospitals. 90 percent of medical staff are officially on strike. the military has targeted health care workers and it's cracked down on protest. dozens of doctors have been arrested and clinics have been rated people who get sick, say we have no trust in the military run clinics, and they prefer to stay at home from striking doctors. have been helping patients in secret before the coo, me and mom had started a vaccination campaign that's all but stops now

jonathan: that was boris johnson, the prime minister and the u.k. leader of the opposition.york city, good morning. together with romaine bostick, futures markets. equities down and with it, we take a dive on treasury yields. yields on a 10 year, a break of 1.25. we are down by six or seven basis points. we just keep rolling over and this is risk off this morning with crude down 1.4 percentage points now to 71.50. jonathan: out through a 20 -- tom: we will see where that goes as well. let's discuss as we bring in jennifer of johns hopkins. united kingdom removing quarantine on tourists from the u.s.. jonathan: the u.k. to allow vaccinated residents to return without quarantine. theoretically if residents of the u.k. were allowed into the united states to travel directly from the u.k. they would be able to return and not quarantine that there is no reciprocal arrangement. there is no arrangement for you and i who have been fully vaccinated to travel to the united states directly from here and not quarantine even when this is brought in. this is the second headline, the way of

jonathan mccall kron 4 news johnson, thank you. the walnut creek police department has a new police chief of city officials say san leandro police captain jamie knox will lead the department in walnut creek. knox will begin his duties, july 26. he takes over for interim chief dan pratt. he's been on the job since april. walnut creek's blast permanenti chief tom chaplin, retired late last year. in an effort to try to bridge the gap between police and the community. oakland police chief leronne armstrong is holding conversations with community leaders and residents across the city. his latest sonversation took place today with the police commission chair who is also president of the east oakland youth development center. >> and while some say this is a step in the right direction. other community activists say more needs to be done. coffers. taylor reports. >> conversations continue with oakland police chief leronne armstrong on wednesday. this time with police commission chair janet jackson about how to solve the city's crime and gu

jonathan, any doubt at all that mr johnson and his ministers will indeed, as scheduled, live those remaining covid restrictions on the 19? , ., ., 19? all expectations are that the prime minister _ 19? all expectations are that the prime minister will _ 19? all expectations are that the prime minister will tomorrow i 19? all expectations are that the - prime minister will tomorrow confirm that all remaining legal restrictions will be lifted in england onjuly restrictions will be lifted in england on july the 19th. restrictions will be lifted in england onjuly the 19th. that represents a step four in the route out of lockdown in england and it was delayed from the original date ofjuly the 21st, but the government says the progress of the vaccination programme now means that it is safe and the right time to lift those remaining restrictions, but not without some debate about the way they are going about it and the guidance that will be issued in place of those legal curbs on people's freedoms. not without also a degree of caution as the vaccines minister outlined this morning. the fortificatio

jonathan: this is from prime minister boris johnson, extra precautions may be needed after july 19. 19 is the line in the sand. the government may keep some government precautions -- some covid precautions. we will send out details in the next few days on the pandemic. we talked about this about a week ago, overwhelmed by events and the delta variant is shaking things up in the u.k. even with this explosion in cases, if you describe it that way, we have not seen the same move in hospitalizations and deaths. tom: interesting to see nation to nation, even the struggling nations like the philippines, every story is different. jonathan: we should frame the last five minutes. 4289 on the s&p. [laughter] yields one study -- 130 747. this 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. sinc

jonathan siri ktvu fox two news, johnson and johnson is disputed a new study that says it's vaccine mayot be as effective as the pfizer moderna vaccines when it comes to the delta variant studied by the new york university, says. all three vaccines increase antibodies against variants. but the study says the two pfizer and moderna mrna vaccine shots raised better antibodies than the johnson and johnson single shot. researchers say, jj my work better on variance with a second toast study has yet to be reviewed or published. university california border regions kicked off its second day of a three day meeting and one of the things they are discussing this week is covid-19 vaccination were quite. orbitz this fall, students and staff will be required to show proof of vaccination two weeks before the fall term begins to be on campus. you see, officials say the final policy was established after consulting the school's infectious disease experts and reviewing evidence from medical studies. and at just a few hours from now, state superintendent tony thurman is inviting teams from all across th

that is a heck of a move from johnson optimism of a number of months ago. jonathanan dollar, -1.3%. the only outperformer in g10 is some japanese yen strength. morgan stanley have called this a rolling correction. it was small caps the middle of march where they topped out, and they were aggressively lower last week. within the equity market this morning, trouble stocks over in europe hammered. in the u.s., the airlines down more than 20% from the highs earlier this year. this is not the point people thought we would be in 12 months ago. a lot of people thought the travel situation, international travel would be a much better position. kailey: you are talking a lot about how consensus calls have been wrong. all of these consensus trades have been breaking down. that is true for the small cap overlarge cap trade, also true broadly for the reflation trade. look at some of the premarket action. the energy select sector's down 3%, the financials under some pressure as well, and it all comes back to that yield story, down six basis points on the 10 year. where is my refl

jonathan ferro. this is bloomberg's "real yield." time for the final spread, the week ahead. monday, prime minister boris johnsono lift covid restrictions on the u.k. tuesday, u.s. housing starts, and another billionaire heading to space. thursday, ecb rate decision, news conference with christine lagarde. friday, u.s. and u.k. pmi data. final word with our guests. mark, a lot of ink will be wasted on the ecb next week. when we are talking about tapering, i want to talk about the size of balance sheets. they are huge at the central banks and will remain that way for a long time. what will be important for the next several years? mark: you are right, central bank balance sheets are large and they are not done growing yet although the pace will slow. but we will focus on in particular is the amount of cash available, liquidity in the banking system. right now in the u.s., certainly, it is too much. we heard that in bank earnings. some are trying to manage the size of their deposits, they don't want additional inflows, and they are try to push out a way either to other banks or other parts of the fed's balance shee

announced that it is looking into a possible link between the johnson and johnson vaccine and a rare neurological complication for jonathan mccall is live in our newsroom tonight with more on the warning that not all vaccines are created equal jonathan kamin addition to that investigation. the fda says it is now also adding a warning label to the g and j vaccine. >> this all comes after a new report that showed 100 cases of that rare neurological disorder showed up in patients who received the vaccine. unlortunately, this is now the 3rd major incident connected to the johnson and johnson vaccine since it was given the green light for distribution this year. the centers for disease control and prevention along with the food and drug administration. now looking for that possible connection between the vaccine and that rare neurological disorder that can cause muscle weakness and possible paralysis. the fda says there could be an increased risk of that disorder for folks who have recently received the johnson and johnson vaccine according to the cdc and the the cases have been reported about 2 weeks after the patients have r

jonathan, me the me the whatever the the, the welcome back. alex is discussing the consequences of borders. johnson's corporate freedom de strategy, one of the most trenchant domestic critics. and dr. barton and connie of exeter university. but thank you. you've been a trenchant critic of body johnson's freedom day. what are your key concerns? the key concerns are that we've got the ingredients, perfect stone. on the one hand, we've got a rising number of cases in the under, in the united states and united population all be younger lation. and then we have removed all the restriction and restrictions in serious sense, the places like nightclubs as well. and then to go along with that, we remove the mandatory infraction control measures like wearing a mask in crowded places, you train, etc. so we have the perfect stolen or no restriction, no infection control measures rising number of cases. and we don't have the authority to now impose as much infection control measures. can you think of any precedent of a country loosening restrictions into the t of a pandemic? no, it doesn't, and i as an infectious

announced it is looking into a possible link between the johnson and johnson vaccine and a rare neurological complications or kron four's. jonathan mccall live for us. the newsroom tonight with details on this very concerning jonathan. yeah, that's right, vicki grand. in addition to that investigation, the fda now adding a warning label to the vaccine. >> it comes after 100 cases of that rare neurological disorder showed up in patients who received the j and j vaccine. this is now the 3rd major incident connected to the johnson and johnson vaccine since it was given the green light for distribution. the centers for disease control and prevention along with the food and drug administration. now looking for a possible connection between the vaccine and a rare neurological disorder that neurological disorder can cause muscle weakness and possible paralysis. the fda says there could be an increased risk of the disorder for folks who have recently received the johnson and johnson vaccine according to the cdc and the fda and the case is that they're seeing right now have been reported about 2 weeks after those patients have received th

jonathan ferro on inflation in america. what it means for the c-suite. will do that with hugh johnson of pepsico, the cfo.rom new york, this is bloomberg. ♪ >> i think there is a good chance that oil prices will be robust and high over the coming years. i think there is a good possibility they will be volatile. we are not planning on them being high. we are building a company that is resilient to a low price. i can assure you that if they are high, we have a portfolio that will absently benefit from that. tom: bernard looney, bp ceo at the bloomberg sustainable business some. other good conversation there on the path forward. right now the path forward and that it is straightforward. futures -10, dow futures taken of 64. the vix up to 16.45. lisa, what you see in the bond market? lisa: you nailed it with the negative real yield. the idea you are seeing inflation expectations rise on the heels of this while you see the 10 year yield fall. tom: dollar strength. your gives way. -- euro gives way. right now on an important observation of the economy, and it does have to do with the big banks and banking, it d

johnson is in isolation. it is freedom day but i am not sure people in the u.k. are feeling all too happy today. jonathan: t wave very much -- thank you very much. tom: do you know what is amazing about this? only jordan rochester what hedge his wedding. congratulations. we'll talk about the wedding that will take place in several days time. the dollar is back to where it was in march. this is a different kind of dollar strength. why is it different? jordan: in q1, we saw the big move in u.s. yields. each time you test the resistance level, the support level gets weaker. when we get to the q3-q4 outlook, it is much harder. the next trade, you have credit impulses slowing down. that is the fiscal and credit side. then you have consumers. now is not a good time to buy a home or a car. we are seeing folks not being able to go into work because of covid cases. there is a chip shortage shutting down factories. then you have what is going on in china. tom: good morning. i am absolutely fascinated, the great distinction here is this has been an adjustment in real rate expectations. a -1.12 would be a record low

johnson earnings have beaten the forecast. but there covid vaccine revenues were up 10%. with vaccine sales, they were up 13%. jonathan: you are the only guy i know that gives commentary on the delivery of the earnings, the presentation and not the numbers. tom: what is important is not the ones that are good, but there are so many where it is in greek. jonathan: who gets it wrong? tom: i think j&j's got some real clarity, but when you see it, you see it. amazon rock it to clarity and transparency in their earning. frances donald joins us. this is a really needed moments, given the turmoil in the markets. what have you done with your gdp guesstimates? frances: not much. weird already factored in piquant growth, but this delta variant is changing the way we construct forecast, we embedded more uncertainty. i do not know what politicians globally are going to do with reopening. we probably have to factor in more supply chain disruptions. it means that our reopening some globally may be a bit slower. on the one hand, i love that, but a little part of me gets concerned that if this delta variant does mean we can't reach p

johnson is more of a? , but there is clinical evidence of -- is more of a question ma rk, but there is clinical evidence of efficacy. jonathanein, bloomberg school -- joshua sharfstein johns hopkins bloomberg school of public health. " a complete service sector recovery will require -- they don't want to say " we have therefore lowered our 2021 second half consumption growth forecast, resulting in one percentage point downgrade to our gdp growth forecast for q3 and q4. on the outlook for trend growth in america, 2% by the second half of 2022." tom: eight weeks ago he alluded to this but they are chiseling it in marble. 2022, sub-2% numbers. i want to put it in the goldman sachs language -- office attendance remains at just one third of the pre-pandemic level in major cities. it is a complex note leading to a reduced gdp outcome. jonathan: this is about delaying the full service sector recovery, leading to a sharper deceleration. what we are about to see play out in the coming quarters -- tom: how do you fund this growth in deficit with growth under 2%? jonathan: yields will stay exactly where they are at. if these forecasts

johnson vaccine. >> i think that's probably true but i appreciate you as always giving it to us straight, dr. jonathanne's unlisted. try boost® high protein with 20 grams of protein for muscle health. versus 16 grams in ensure high protein. boost® high protein also has key nutrients for immune support. boost® high protein. need long-lasting freshness? try new febreze unstopables touch fabric spray. it doesn't just eliminate odors... simply shake and spray to unlock the breakthrough power of touch-activated scent technology. that lasts, even hours later! that's because febreze touch stores scent in your fabrics so you get bursts of freshness with every touch. your whole world will come alive. welcome home to fresh with new febreze touch. for a limited time, you can save more on flights, hotels and rental cars during priceline's freedom sale. and when you get a big deal... ...you feel like a big deal. with the freedom sale at priceline, every trip is a big deal. struggling to manage my type 2 diabetes was knocking me out of my zone, but lowering my a1c with once-weekly ozempic® helped me get back in it.

johnson trace. instead of self isolating, both borisjohnson and rishi sunak will take part in a daily testing pilot scheme which allows them to continue to work from downing street. the shadow health secretary, jonathanthat weren't isolating all the time after being contacted, saying the pilot scheme meant it felt like ministers were operating under different rules to the general public.— the general public. there will be arents the general public. there will be parents watching _ the general public. there will be parents watching the _ the general public. there will be | parents watching the programme the general public. there will be - parents watching the programme this morning who have had to struggle with their children sent home as part of the bubbling system, businesses that have had to struggle because their staff have been pinged and they've had to isolate themselves, who will be waking up to this news, thinking, "my word, yet again it is one were sunni rule for them and anotherfor the again it is one were sunni rule for them and another for the rest of us." people will be asking how they have access to the special vip test and release system that applies to them but doesn't apply to the res

johnson in london. this is "bloomberg markets." we are expecting president biden to make remarks after this payrolls report. we just heard from u.s. labor secretary jonathansh -- secretary marty walsh, speaking with jonathan ferro. joining us now is julia pollak, ziprecruiter labor economist. can you describe for us how much difficulty companies, people looking to hire are having in getting people to fill the roles they have? julia: the economy added 850,000 jobs, and that is great news, but it could add even more if there wasn't this constraint on the growth in jobs at the moment, which is the labor shortage. so labor force participation remains flat, and that is really putting a break on hiring. we could see even greater fireworks in the labor market over the next few months as that constraint relaxes. guy: do we have to wait until we get through the summer holidays? do we have to wait for kids to go back for parents to return to the labor force? do we have a couple of months where nothing is going to change ? julia: the household survey was very strange this month. ed actually showed the population increasing, and that puts downward pressure on all of

. >> chief johnson, thank you so very much. next we will hear from jonathan all steen the president and chief executive officer of the wireless infrastructure association. the floor is yours, sir, for five minutes. >> thank you, chairman lujan and ranking member thune for holding this hearing and for getting the perspective of the wireless industry on providing resilient and reliable and redundant networks. your priority on this is well-founded because people's lives are at stake here. the infrastructure package you are considering is the biggest in decades to build more resilient networks that save americans lives. resiliency is a priority and you make it a priority by not limiting funding to a single potentially less resilient technology that will be the way that you enable congress to maximize the disaster prevention response and recovery that we have been talking about. and it will help you to harness the strengths and redundancies of multiple technologies, a flexible all of the above approach deploying fiber and flexible wireless to achieve all of congre

johnson, thank you so very much. next we'll hear from the honorable jonathan adelstein, president and if chief executive officer of the wireless infrastructure association. >> thank you, chairman. thank you, ranking member thune, for getting the perspective of the wireless industry on providing resill cent and reliable and redundant networks. your priority on this is well founded because people's lives are at stake here. in the infrastructure package you're considering, i think, is the biggest opportunity in decades to build networks that save americans' lives. resiliency's a real priority, can and you make it a real priority by not limiting funding to a single technology that -- to enable congress to maximize the disaster prevention response and recovery we've been talking about. and it will help you to harness strengths and redundancies of multiple technologies, a flexible all of the above approach to deploying fiber, mobile and fixed wireless will be the best way to achieve all of congress' both broadband and climate change goals. finish now, when i ran -- [inaudible] during the recovery act, then the-vice presiden

johnson, thank you so very much. next, we will hear from the honorable jonathan p adelstein, the executive of the wireless infrastructureassociation. the floor is yours for five minutes. >> thank you, chairman lujan. remember thune for holding this hearing, getting the perspective of the wireless industry on providing resilient and reliable and redundant networks. your priority on this as best is well founded. peoples lives are at stake here. you are considering the biggest opportunity in decades to build more resilient networks that save americans lives. brazilian -- resiliency is a big priority. you are not limiting it to a less resilient technology, that will be the way you enable congress to maximize the disaster prevention response and recovery we've been talking about. it will help you to harness the strength and redundancies of multiple technologies, a flexible all of the above approach to five, or mobile and fixed wireless will be the best way to achieve all of congresses broadband and climate change goals. when i ran during the recovery act, vice president biden called me into his office, i will never forget wh

jonathan everybody, thank you to patrick and tojonathan van—tam, and thank you all very much for watching. studio: my goodness, there is a lot to chew over with that news conference, borisjohnson, sir conference, boris johnson don't have to until the end of september, then you can take a lateral flow test and get in. the prime minister is going to say, no, it will have to be two doses of the vaccine by then. and the big reason for that is he said today 35% of 18 to 30—year—olds have not had a single dose of the vaccine yet, despite being offered one, and that is what they are trying to stop. they are trying to get that younger age group signed up, and one obvious way to do that is to make vaccine passports mandatory for nightclubs, which is what we are going to see from the end of september. bud what we are going to see from the end of september.— what we are going to see from the end of september. and there has been reaction already _ end of september. and there has been reaction already from _ end of september. and there has been reaction already from the _ end of september. and there has been reaction already from the night-time i reaction already from the night—time industry, and you can almost feel the

.— in the questions to boris johnson this lunchtime. g :, ., ., : ., ~ this lunchtime. ok, jonathaneratures once again close to 30 degrees. cases are complicated and our ongoing right now. this is bbc news, the headlines... as record numbers of migrants cross the channel, france is to double police patrols on its beaches — in a deal in which the uk pays £54 million to france. the government's to explain how it wants to overhaul trading arrangements between britain and northern ireland, which came into force after brexit. liverpool has lost its world heritage status — unesco said it was 'deleting' liverpool from its list due to its new waterfront developments. a top police officer is to lead a drive to tackle violence against women and girls in england and wales, including £5 million to improve safety in public places at night. the prime minister will appear remotely answering mps's questions. we will bring pmqs to you live injust a questions. we will bring pmqs to you live in just a few moments. and floods in china, 12 people dead in one city as waters submerge part of the subway sy