asa brummel what's an kailey leinz -- we sabra >> and kailey leinz, -- lisa abramowicz and kailey leinzleinz and for jon ferro come on a much-needed sabbatical. i don't hear too many people calling gloom on the street. it is out there, but not on the street, is it? lisa: to the extent there is gloom, it is there's going to be a dip, and buy it. we don't see anyone calling for any major retracement at this point, it is hard to see the argument for a huge correction. tom: that is certainly the zeitgeist right now. [laughter] right now we go to afghanistan in a unique way. julie normand is at ucl, the university college london, a political sopranos -- a political science professor that covers the field, but her wheeled house -- her wheelhouse is terror and the unrest -- and the unrest across the middle east. she joins us this morning. i said to my executive producer, just give me julie normand now. your thoughts on the reemergence of the taliban. are we reemerging terror? julie: well, the taliban never completely went away, of course. what we are seeing now is somewhat of a new iteration o

not just 13% increase on the s&p, but kailey leinz's birthday. i hope you have big plans. hard to have big plans when you wake up at 2:00 a.m., but i think there is some kind of sugary food in my future. amanda: for kailey leinz, i'm amanda lang. this is bloomberg markets. ♪ (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 stress is the on

tom: i noticed how kailey leinz looked at me when dr.s talking about the elderly and the booster shot. kailey: i do not know what you are talking about. tom: i will get my booster shot during the break. vince reinhart next. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >> there is an unprecedented amount of liquidity everywhere. a lot of it seems to be on the sidelines. >> consumers are seeing a stronger economy but are less likely to participate in it. >> it is not so much about the inflation but with the fed is going to do about it. there are definitely signs they need to be tapering it. >> this is "bloomberg surveillance" with t

kailey leinz in ahead of her wedding. i'm looking ahead and thinking that probably can alberto gallo has said the quote of the morning so far, that we have gotten peak delta fear. if that is the case, perhaps we are in for an upside kind of swing to what has been sort of a pause in the rally. that to me is the town this morning. tom: for michael mckee leading our jackson hole coverage, things have changed in the last three or four days, and i would suggest even on a global basis. yes, there's afghanistan. we will touch on that in this hour. but the delta variant has changed all. lisa: it has changed us into expect and depend make to end perhaps later than expected. more than that, to start looking at lambda and what else might follow. but it really raises the question, if we put too much stock in the idea that september will bring the better labor market data then we had expected, are we going to push it out to october, two november, along the fed to remain pat? tom: we will see. i don't know. i think there is so much unc

kailey leinz in for jon ferro. lisa, let's go right there. negative one point gloom gets to lesser negative numbers. lisa: raising questions

kailey: we will miss miss kailey leinz next week at some point. lisa: at some point. kailey: potentially. lisa: [laughter] ♪ laura: with first word news, i am laura wright. in afghanistan, growing urgency to evacuate thousands who work for the u.s., western countries, and news organizations because of evidence that taliban is carrying out reprisals even after the leadership promised amnesty. the u.s. says it evacuated about 3000 people yesterday from kabul airport. in australia, cindy's two month -- sydney's two-month lockdown will be extended until the end of september. the delta variant outbreak has gotten worse in the country's biggest city. new zealand links sydney's outbreak to at least three cases. there lockdown has been extended until at least tuesday. it will be the biden administration's most high-profile trip to asia. vice president harris will look to bolster military cooperation in china's backyard. she will visit vietnam and singapore, reassuring them of america's role as a trading partner. harris will be able to raise her international profile. more pay

of you on bloomberg radio and bloomberg television, particularly enjoying lisa abramowicz and kailey leinzan ferro off today. it is a friday, and everybody got the memo. lisa: yep. kailey: it just gets better and better. tom: ira jersey joins us from "bloomberg intelligence." on radio, it is teal, teal, and teal. blue is the theme today as we think ira jersey for his wisdom. overnight repo, all sorts of stuff will be written friday afternoon in the press about overnight repo going to 1 trillion and now up that 1.1 trillion this morning. that overnight trust money grows and grows. why should we not be worried about that all of liquidity -- that wall of liquidity? ira: it should not be a worry, but it shows, importantly, that there is plenty of cash in the system. in fact, were cashed in investors and banks know what to do with. -- more cash than investors and banks know what to do with. it is one of the reasons the federal reserve continues to create this cash in terms of asset purchases. it is one of the reasons i think jay powell will talk about some of the reasons why it might be time to

time kailey leinz.mazon backed electric vehicle startup rivian is in talks to invest $5 billion to build a factory near fort worth, texas. factory would be designed to produce 200,000 vehicles a year, and would create at least 7500 jobs. for more, we are joined by ed ludlow. this is not necessarily a done deal yet. they are looking at other sites as well. ed: right. in number of sites, states, in number of cities in the running. according to my sources, texas has become the frontrunner. rivian was looking at a site potentially in arizona. it was one the company and its ceo really liked. with time, they had concerns that came up around infrastructure, and by mental concerns. now i'm hearing this offer from fort worth, the city of fort worth, is competitive and the company is considering it. these things take time. the incentives go through, the vote by lawmakers, so anything could happen still. kailey: on the texas side of the equation, what kind of incentives are they offering to this company? ed: you s

kailey leinz in for jon ferro. lisa, let's go right there. the real yield, negative one point gloom gets to lesser negative numbers. lisa: raising questions for the federal reserve which is how quickly are they going to allow that to rise at a time when there is so much uncertainty. are we seeing peak delta fears, or is this a prolonged slowdown that is going to affect gdp figures? tom: the thing i see out of the weekend is what we talk about on friday, it occurred friday afternoon. i was waiting for monday morning. never got there. but not a canceled jackson hole, but a different jackson hole. lisa: the idea that it was moved to virtual highlights potential economic pain from the dragging on of this pandemic because think about all of the canceled hotel rooms, all of the canceled flights, all of the canceled dinners. it is all revenue for different areas in the nation. you wonder how long this prolongs the recovery at a time when offices are basically being pushed out in terms of their closures for that much longer. what does the new normal

tom: kailey leinz, where do you see confidence in the recovery? kailey: i think it is coming from corporate earnings. that is what we saw from chris harvey, upping his target nearly 1000 points above his previous target because earnings growth has been so strong. we are getting more crossing the wire it seems like every minute. best buy just raise its full year comp sales forecast to nearly double what it previously saw. companies are doing quite well. as long as that is going on, it is hard to go against the equity market. tom: it is interesting. best buy says a major reason was television sales. the may episode -- the minneapolis vikings this year may actually went. dow -- may actually win. dow futures up. the vix at 16 yesterday, 17.15 now. yields doing nothing this morning. a nice stasis there. the real yield, -1.02% against stasis over the last number of days. dollar a churn this morning, with euro-dollar $1.1735. wti $66.87. lisa: what i am watching today, 9:30 a.m., the g7 meeting virtually. it has renewed focus this morning after we learned

. ♪ line -- kailey: live from new york, i am kailey leinz with guy johnson.his is bloomberg markets. disney surprise investor with better provident subscriber gains. airbnb's outlook was not a sunny. abigail doolittle is looking at the results pick there are a lot of sides to the reopening narrative. abigail: there certainly is. there is a hedge for both sides. disney shares had been more higher, up more than 4%, not bad right now, up more than 3%. strong quarters there, streaming subscribers of 116 million, beating estimates, but also the parks, the first profitable quarter going back to march, 2020. you had the stay-at-home piece, then the reopening peak with the -- part with the parks. airbnb had a strong first quarter, but guidance is not great. contact logic, wish.com, their guidance not quite. management teams seen clouds for the third quarter. we are not seen any clouds, up, up and away. streaming discovers for disney -- more than 100% growth in year-over-year basis. really growing through the pandemic and even now as the growth is stopping, we have st

i am kailey leinz. here are the top stories we are following around the world.ew york governor andrew cuomo steps down, vowing -- bowing to pressure to do so in the face of sexual harassment allegations. and we have the latest on the sweeping 550 billion dollar infrastructure package past by the senate and what lies ahead with the partisan budget resolution. later, live comments from the president. we will also discuss vaccine mandates in the hospitality industry. let's first get a quick check on the markets. the s&p 500 trading at a fresh record high. tech is lacking charlie:. the nasdaq 100 down 4/10 of 1%. semiconductors are lagging the hardest. stocks still down more than one percentage point. in the bond market, yields creeping higher. two basis points on the 10-year treasury yield to 1.3 port -- 1.34%. oil recovering from two days of losses. wti trading at $68.69 a barrel. let's kick it off with the resignation of andrew cuomo. he leaves office in 14 days. shelly banjo joints me for more. when he leaves, lieutenant governor hochul will take over. do we kno

kailey leinz is in new york. air route from kennedy to heathrow typically nets airlines $1 billion annually. jetblue the latest to enter that route. the first time we've seen a new airline on that route for 13 years. the inaugural flight landing this morning. i spoke to emma gilthorpe, heathrow's coo come after it landed. emma: the story has been so positive. the u.k. has been leading the way but the u.s. has not been far behind. from a mask wearing point of view it is what our customers expect from us globally. we are connecting people internationally and we to make sure we set the right standards compared to all of the other hubs people will be traveling through. this time next year it is hard to say what the rules will be. we are seeing a softening of things like social distancing. people are self-regulating more it is wonderful to see passengers back through the airport, particularly as of last monday, we saw u.s. passengers coming back into the u.k., which was wonderful to see. families connecting after a tw

my cohost, kailey leinz. alix steel is off today. she knows exact we what is happening in these markets which is good because i spent my day going to and from the airport. kailey: i've been trying to pay attention. but it is really a quiet day in the markets. we got that cpi print, quite some inflation, and yet the market doesn't seem all that fazed. the underperformance for the third day is coming from the gnostic 100. -- from the nasdaq 100. the dollar is stronger today. that may be part of what is weighing on oil, although i think that has a little more to do with the iea saying opec isn't going to put more that's going to pump more because we will have a supply surplus in 2022. $69.15 is where we trade at the moment. guy: we will talk about that in a moment. let's start with the data we got out of the united states. it is thursday. that means we get claims data. applications for jobless benefits dropping for a third week in a row. meantime, there's mounting signs of inflation. cpi yesterday pretty much in line, but producer prices

i think it is 46 year to date, according to kailey leinz. 46 all-time highs on the s&p 500 so far in 2021. up three on the s&p 500. yields advanta and -- yields advancing up couple basis points. your 10 year yield, 1.3539%. lisa: interesting after that 10 year option yesterday. how often are you saying, "coming into monday, record highs," etc. that has very much been the story of 2021. at 8:30 am, u.s. initial jobless claims. also, the u.s. july ppi. this is an index of inflationary pressures for factories, for manufacturers. how indicative will that be of some of the supply chain constraints that really is one of the driving features behind the divergent call in the u.s. equity market? 9:45 a.m., how do inflationary pressures affect consumer sentiment? at 1:00 p.m., following yesterday's very strong auction, we get 30 year bonds. is there the same demand at this ultra high yield of 2%? jonathan: thank you very much. we joke about lisa's bearish contribution to this program, but it is important to frame where we are. not everybody is bullish. in fact, the last time we put together al