guest: first of all, i think kaplan is a non-voter. as you very correctly pointed out, what he suggested is a big contrast to what powell has been saying. i think as long as we don't get any black swans and global growth and trade persists as we expect, i think that is the consensus view, i think it is natural to start expecting the actual break taking place at the end of the year, beginning of the next year. eventually, there will be growth and inflation recovery. it will probably take about a year or more to completely unwind. we are going to start contemplating about interest rate increases. obviously, the big thing the fed has told us, a couple of things which are very important, first of all we do expect the inflation to pick up substantially in the near term, but this is going to be largely temporary. this will be due to the fiscal stimulus, which is going to give money to the american people to spend, and therefore chase more goods and take prices higher in the near term. the second thing is how unemployment and the general empl

president kaplan, welcome back to the show.ood to see you. >> good to see you, sara. >> you have really led this discussion lately around tapering you're actually talking about tapering, not just talking about talking about tapering do you think that's appropriate given that we've seen a streak of economic data misses, including the last jobs report >> i think this recovery is going to be a little bit unusual and in fits and starts because of the supply issues that we're seeing, which i think for us helps explain some of these data releases but i think we're in a recovery. we're moving forward weathering the pandemic i think we're going to be making progress toward full employment and price stability. and i've said based on that, sooner rather than later i think it would be wise to start talking about moderating some of these assetpurchases that we put in place during the crisis but i think maybe the efficacy of these versus the side effects, i think that balance is changing as we're emerging from the crisis and making progress

kaplan is saying.hat he has not decided whether inflation is persistent or transitory. but at the same time, you're catching a pretty big bid in the bond market at the moment. yields come down there session lows -- down near session lows. i wonder whether maybe we are getting ahead of ourselves in terms of expectations for the payroll number, but it is quite a big move. the market is definitely not listening to kaplan. alix: not at all. what is interesting, too, the nasdaq picking up some steam to the downside, down 0.9%. crude also rolling over a bit. the other metals are staying pretty well bid. the dollar is around its lows of the session, but nothing to write home about. i wonder if we are just inching towards somewhat of a risk off move in the equities, and a risk off mood in the bond market. is that what we are developing here? guy: it is payrolls day tomorrow. we are asked acting a really big number. i wonder if that is what is happening here. maybe expectations have run just a little bit strong

robert kaplan gave us his take an exclusive interview. take a listen. >> you not want to be preemptive. you also do not want to be so reactive that you are late. we have the tools to deal with these inflationary issues when you use them late they can have a jarring effect so i think the challenge for us is to find a balance. >> the tech tumble has spilled into asia. joining us to break down the market action from singapore. where does his inflation angst being seen were acutely in the market? . >> good morning. as you were describing, tech is this is playing out of the moment. geographically this is bad for a lot of ages markets. all the expertise in the area. the index in taiwan down more than 4% today. japanese stocks and korean kospi feeling the pain. it is most intense in hong kong and those chinese companies listed in hong kong, big tech companies, the likes of maite swan, jd.com. the ones that were already encountering some of their own problems, from a crackdown on the tech companies at home in their domestic market, coming into a

i think the minutes certainly put the tapering issue on the table, and kaplan obviously added to thether than perhaps powell indicating that they agree that it's time to at least start talking about tapering, tapering, of course meaning just cutting back the rate at which they purchase securities. it's not even yet talking about raising interest rates, but i think that we had, there's a good chance that in june, they will discuss it at the june meeting and in july they might actually vote to do it. charles: with that in mind, and we saw the initial reaction from the market, but putting this whole week together, including bond yields, the vix, whatever else you may look at, whatever your indicators are, you think our fear of a taper tantrum could be overblown? >> i think it could be and a taper tantrum the word is associated with childish behavior. the reality is the economy is in great shape, earnings are in great shape, and there are lots of companies that deserve to be in a bull market, and then there's speculative excesses that probably deserve to blow up and i think there's a pos

>> three days after he took his dna. >> kaplan storied wonder if terry would be gone prominently.uck in arizona rest up more than 200 miles from apple bakery. there is a host traveling from the exhaust into the cab. so the deputy immediately thinks, oh no, it looks like someone is trying to commit suicide. >> in the cab of the truck, the missing murder suspect. >> terry white is red face, probably from the carbon monoxide, looks a little bit drowsy and out of it. deputy runcie's name and realizes, he's has worn for a homicide. so he's arrested right then and there. >> detective caplan and his partner made a beeline for arizona to see if terry would talk. do you want >> do you want to talk with me today? i >> need an attorney. >> i mean, you guys obviously are thinking something, so i gotta protect myself. >> so terry didn't feel like talking. not to the police, anyway. but once he was transferred back to albuquerque, he did talk to someone. dennis received a facebook message from a woman. >> she's like, you don't know me, but my boyfriend is in jail with a guy by the name of terry

owner corey kaplan has a long history in the industry and an ego to match. corey: they didn't even know how to say bagel in chicago until i got there. lemonis: yet his branding is uninspired. it looks old and not reflective of you. his product mix is all over the place. why have capers? and while he and his wife have overcome great challenges together... corey: we have five children. two of them are in heaven. lemonis: ...he struggles with giving her a say in the company. laurie, this is your project... -corey: no. lemonis: if i can't push him to rise to the occasion... corey: i'm not prepared to say, "some new guy came in, now it's different." lemonis: ...his grand plans will never get off the ground. my name is marcus lemonis, and i risk my own money to save struggling businesses. we're not gonna wake up every morning wondering if we have a job. we're gonna wake up every morning wondering how many jobs we have to do. it's not always pretty. everything's gonna change. everything. but i do it to save jobs, and i do it to make money. this... let's go to work.

kaplan of dallas is of the off camp as well. are you suggesting he will not be so lonely in the coming weeks? stephen: i hope so. we are hoping we get a little change of tone out of the fed. that is what we are watching for. i think if they do it, they can let the air out of this gradually. if they do not, it will make a new high. we go from the 175 high. we are making higher highs and higher lows on that spread. on the stock picking side, we are focusing entirely on companies with pricing power. that is often our focus anyway. now, it is all the game. inflation can be good for some stocks. they produce high earnings. you have to name the companies that can deliver that to the bottom line. we thank that is mostly in the cyclical value-type stocks, not entirely. but you combine that with tech. we are still on this value train that we have been on since september, particularly within that, we think it is becoming a stock picker's game. you cannot buy across the board. industry by industry, companies seem to be demonstrating pricin

to in front of a jury of his peers so that's one thing he was found guilty by this one man lewis kaplan ok he was found guilty though in a trial which i attended all those years ago this is back in 2014 early 2004. and did she witness for the prosecution of stephen dunn secure in that trial was a man. who has since returned since and he has admit it he lied under oath he said that rico charo ok and chevron paid him $2000000.00 july on their behalf in court so we should we need to clear that auditing out wow that's a fascinating that's mean but that's a hell of an accusation is this. roger is this a case of just a big giant corporation who could afford to go after anybody by sitting upon a lawyers on them simply using what i think you and other protesters who were there are calling a corporate prosecution. you see you go to him on a wreck that is exactly what it is because they have no case they have to demonize needin don soko which is what they are attempting to do and it's taken years and years and years for those of us who who are working with steven and with the people of ecuador wh

activist who was arrested by israeli soldiers during the shift of the protests in brooklyn mariah kaplan spokesperson for if not now a movement of american jews working to end american jewish support for the occupation and in gaza now the shoah a humanitarian worker a warm welcome to you all let me start with you today there is a video showing you as you were being arrested by israeli security forces that went viral i want to play a few seconds of that for our viewers and then i'll come back to you with a question. i. think and it's going to be. later in the video we also see you looking at the camera and smiling defiantly as you are being detained so i want to ask you 1st what was going through your mind while all this was happening and also did you expect this to get the kind of reaction that it happens. no 1st of all i didn't expect expect this to get the attention that it got i didn't know that last and in the 1st place. basically it was going in my mind is that i was so angry i was so angry because. what's happening inches that is it is exactly what's happening in jerusalem and it's

kaplan: the economic effect will depend a lot on how long the shutdown last.ty whether it will be a matter of days or longer. if it is short, it will mitigate the impact on consumers in the east coast on

joining us now, matt kaplan.e planetary society's weekly podcast devoted to space exploration. thank you for being with us. i appreciate your time. >> it's a great honor. thank you, rachel. >> how much noticed do we get of where it's going to land? >> [laughs] not much! it's so unpredictable that really, and if they're off by 45 minutes, that puts it on the other side of the earth. we know so little about this rocket, as it tumbles over our heads. it's almost impossible to predict where and even when it's going to come down. it's a bit of a crapshoot. >> is this working as intended? i'm struck by the fact last may there was another chinese rocket kind of like this that dropped gigantic metal rods in the ivory coast and gave people all over the world a scare. are china's rockets doing this on purpose, or is this a malfunction? >> it's an excellent question, and because china doesn't tell us much about their programs or rockets, we don't really know. yes, there should have been a firing of the engine rocket that wo

will be on "the closing bell" today so you have to tune into that interview today there's kaplan at 3:00 today, "closing bell. when does the taper start? give me a ballpark, when >> well, i am guessing it starts at year-end. >> so before calendar year 2021 is over, the fed starts tapering and maybe they put the final thought into everybody's head in jackson hole, and then they get the idea that they can do it, does that sound right? >> i think it sounds like a good pace i would be advocating for something along those lines, depending on how the data comes through. it is coming through just nicely presently. so, yes, that's what i would do. remember, the balance sheet will be over $8.1 trillion soon it is $7.99 or whatever the heck it is right now. you keep adding for a couple of months, you will end up with a very nice balance sheet. i know market operators, one of the new york fed are discounting a possibility the balance sheet peaking at $9 trillion next year, tend of next year. we will see. that shows you a slowdown rate so i think this is being discounted now, that's my point. w

in recent days, robert kaplan has said publicly that he wants that discussion sooner than later. he is probably in the minority. he is one of those two or more. it should not be surprising to have brought this up. the private discussion made that happen. we will see where it goes from there annmarie: one thing neal dunn i said yesterday, the minutes always give more weight to the hawks. we will see what happens. do you see any prospect for the fed to weaken its stance on the inflation narrative, that being transitory? >> a lot of noise in general on this issue. i would say we will have to think they will largely stick to their guns. i would point to one other headline. based off the supply shortage, that could mean higher prices beyond 2021. this gets to what we were talking about yesterday about wanting to hear a definition of what transitory means. maybe they are giving into this thought they are feeling more pressure to underscore, they realize inflation could persist longer than investors and businesses will be comfortable with. it is not just some and of your story -- end of

good evening, buena noches, and thank you for tuning in on behalf of mitchell kaplan and all of us atnd books in miami, florida. i welcome you to a virtual evening with julia cooke to discuss her new book come fly the world the jet age story of the women of pan am a riveting complex portrait of the adventurous lives of pan-am stewardesses during aviation's golden age. julia cooke is a

this is williams batting against the kaplan narrative.aplan said we need to talk about imbalances and tapering at the earliest possible time. it is different to the tightening cycle of 2015, and that is very, very real. my last guest in the last hour says unemployment needs to get to 5% before the taper talk begins and that could be at jackson hole. to the markets. how are we absorbing the power narrative and the robust rebuttal of the taper debate from mr. williams? equities are lighter on their feet by 0.25%. yields are sub 1%. this is the narrative. bond yields dropped by five basis points yesterday. they leaned into williams, they ignored the prices paid number, the highest since 2008. the commodity index for bloomberg is the highest in 12 years. mike malone says you need copper to trade above $10,000 to perpetuate that momentum. the aussie is down zero. .25%. . the rba does what central banks do best, they jawbone the currency and we will delve into that more through the morning. bitcoin is lower as ethereum rises to a more dominant

that will be one of the themes of david westin speaking with robert kaplan.time president kaplan spoke, he moved the markets. we'll see if he can do that again. stay with us on radio and television. this is bloomberg. ♪ we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer

el-erian and kaplan have enjoyed losing money. clarida is the same way.e enjoyed losing money. [laughter] tom: you are right expert. -- you are an expert. i'm not an expert because i am in triple leveraged all caps, thank you. -- all cash, thank you. jonathan: wouldn't people like to see lisa on the fomc? [laughter] don't we need a legit hock back at the federal reserve? tom: it would be like the second coming of wayne angel. jonathan: what would be your original fed? where would you like to live? [laughter] lisa: oh boy. jonathan: there's minneapolis. which one would you go? lisa: look at those markets. jonathan: coming up, howard forman, the yale public health professor. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. the u.s. denies it is close to a deal with iran to revive the nuclear agreement and sanctions. officials also denied an iranian report that the u.s. has agreed to a prisoner swap in the release of $7 billion in frozen iranian funds. they are trying to revive the deal abandoned by former president trump. bitcoins do

one more important point, dallas fed president robin kaplan -- robert kaplan.ushing that maybe we should start talking about tapering. he is lately saying we have to talk about tapering now, because of the financial successes, because of the stretched valuations, because of type credit spreads. it will be interesting to see where this is leading. all of the fed officials we've talked to say it is too early to talk about the tapering. some of them downplay it. when their own committee is looking at it, you have to wonder if this will think -- make them think harder about it. shery: are global economic and policy editor kathleen hays with a breakdown on what is happening with those fed cover station spare the next guest says it is harder to find bargains. and investors need to tread carefully. let's bring in sandi bragar, partner and managing director at ethereum. great to have you back. we are seeing the s&p 500 broadly higher. perhaps seeing investors more cautious. this dtv chart showing when you look at volume trends, the declines are coming with heavier volu

robert kaplan, that now is the time to taper. it would be a big surprise to see anything like than the minutes. tom: i would suggest things are really fluid here middle of my. again -- may. again, i am going to link and this morning some of the pandemic news with the financial news we are confronting. every story seems to be linked to this recovery, as cases come down and deaths really get to low levels. jonathan: joining us now is run temple, lazard asset management, head of -- co-head of multi-asset. may be a global synchronize recovery through q3, q4 going forward into 2022 and u.s. exceptionalism, do you think it's more nuanced and the net? >> i don't believe in the idea of exceptionalism. let's admit where they u.s. is likely to exceed the growth rate of other regions is we have a massive amount of fiscal stimulus on top of a recovery trade. i think they u.s. will continue to outpace the growth out of europe and japan. let's make no mistake, there is nothing supernatural about the u.s. economy. we have just given it a lot of

because it doesn't need much of a cold temperature and you also mentioned i read somewhere that doctor kaplan carico who was the one that discovered the process of a messenger rna and she's getting compensated for her discovery. >> great comments. jay, right on target. look, a better investment of time would be asking how can we set up is to be sure and in all nations so that we are sure that, for example, in the survey others in brazil and in the varying impoverished parts of south africa all across the middle east et cetera that they can get the right kind of vaccine and one, by the way jay, of high quality, not some fake vaccine a that is nearly 40% of medicine in african and asia happened to be knockoffs or fakes so let's be very clear. you need a high quality medicine and the kind that we put into our arms and in this country going to those nations and so an investment of time and effort to construct the right kind of distribution in the safe kind of distribution and the appropriate could be done. there machines that can be manufactured quickly and this is not something that is, you can

taylor: some of the about-face came from kaplan. raphael bostic weighed in on the volatility, expecting more along the way. rafael: i am expecting a lot of volatility. in the last several months, we have had data points that have not met up with expectations. that is to be expected. we are going to have to do extra work. taylor: george, are you expecting volatility? how do you manage volatility? george: you have to expect volatility because your year-over-year comparison is low, but your baseline effects will be crazy. as we resume the normalcy, you are going to have on venus in the data. you are definitely seeing some pumping this in the data. overall, you are seeing positive growth, positive inflation. employment took a hit, but it is going the right way. that is what we are going to have to see. it is not each specific issue, but the larger picture and the duration of the direction, which we think is positive. taylor: gershon, one thing that stood out to me is we had a chart showing correlations of equities to bonds. they are pre

i'm deborah kaplan. >> i'm helen pelzman co-chair of the mayor's disability council. i should have mentioned that, i apologize. >> clerk: thank you helen. i'm deborah kaplan. deputy director on mayor's disability council. i will read the roll call now. [roll call] roll call is taken. >> co-chair pelzman: please read the agenda. >> clerk: after the roll call is reading an approval of the agenda. i will read the agenda now. the first item after this is an open public comment session. general comments. next is the co-chair report after that is the discussion item, small businesses and people with disabilities, accessibility responsibilities and support for small businesses and support for small business owners with disabilities as well as opportunities for collaboration. the presenters regina dick-endrizzi, executive director of the office of small business and sharky laguana president of the small business commission. after that there will be a break and after that, a discussion item, which is the golden gate park stakeholder working group and action framework. the acti

reporter: dallas federal reserve president kaplan, robert kaplan, i appreciate your time for this , jackie the federal reserve takes the foot off the gas just a little bit in the discussion going down the road. jackie: edward lawrence thank you so much for bringing that to us really appreciate it. ohio vaccination rate shooting up after offering $1 million lottery prize and now other states are joining in. we're going to tell you who after this. experience capability, crafted by lexus. the remarkable gx and lx. lease the 2021 gx 460 for $529 a month for 36 months. experience amazing, at your lexus dealer. ♪ ♪ lease the 2021 gx 460 for $52look, if your wirelesss. carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable

they put the word out through bob kaplan on the weekend.oday, charlie evans and making virtual speeches, investors will listen to what they have to say. suddenly janet yellen who doesn't have a vote on the fomc committee, right? she is treasury secretary, but was fed chair, she makes what she might have thought as innocuous comment. look at reaction in the market that is the fed's way to test what will be the reaction. how volatile are investors going to get. charles: kenny what are you buying here? >> so, listen i got to tell you i like consumer staple names. certainly in this environment. i like banks. jpmorgan, bank of america my two favorites consumer staple names f you're looking stability in big americana type names -- proctor & gamble, coca-cola, general mills. they're not sexy but stable. they're big american companies. they have 3 percent plus dividends. therefore in a downdraft these stocks will offer stability. while they may get beat up a little bit, they will not get beat up the way we watch tech stocks. amazon is down almost 7

kaplan with the issue is normal, but understanding the choices of others is key. >> be kind in the community and don't make assumptions about why someone is wearing a mask or not. >> more americans are shedding their masks when outside of their homes, with 63% saying they still always wear one, that's down from 74% just a few weeks ago in mid-april. in san francisco, kenny choi, reporting with kpix5. >> even vaccinated people should continue to wear masks in the indoor and public spaces, including restaurants, when they are not actively eating or drinking. >>> the teachers union tells us they've reached an agreement with the district, as of friday, allowing 12th grade students to get back to in person learning starting on friday, may 14. but it will be a brief return. the last day of classes is june 2. ceremonies take place between the first, and the third. the district is now taking a survey of 12th grade students to see how they want to return for the final weeks. >>> there is an urgent need to get more teens vaccinated against coronavirus, levi stadium is hosting three youth vaccination c

matt kaplan, host of "planetary radio," it's a pleasure to have you here.eal. >> we have a lot of happier topics. >> indeed. thank you, matt. we'll be right back, stay with us. ht back, stay with us our place. our people. watch the curb. not having a ride stay with us.et the vacc. stay with us can't be the reason you don't get it. stay with us. . stay with us. stay with us . stay with us you wanna help? donate a ride today. obsession has many names, this is ours. the lexus is. all in on the sports sedan. lease the 2021 is 300 for $369 a month for 36 months. experience amazing, at your lexus dealer. ♪ when i was young ♪ no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i got you. ♪ all by yourself. ♪ go with us and find millions of flexible options. all in our app. expedia. it matters who you travel with. which shows will you be getting into tonight? how 'bout all of them. netflix. 'cause xfinity gets you really into your shows. when one burns for someone who does not feel th

that's roughly what the situation was in india 2 weeks ago a lockdown has been extended in the capital kaplan due across the border in india prime minister narendra modi's under growing pressure to impose a nationwide lockdown some states have already announced lockdowns another 440000 cases were recorded thursday as well as nearly 4000. reports from. the capital of katmandu is in lockdown and it's hospitals are struggling to cope with the surge in people infected by corona virus in. our emergency room had 5 beds but now we have 25 beds we have added 20 beds in our emergency room until now we have not returned anyone from here without providing them with oxygen but the situation is getting complicated near the border with india more workers from nepal are arriving home from indian cities stricken by calls at 19 and that's adding to the health crisis staff in hospitals are forced to turn away patients as beds and medical supplies are in short supply. and many cremation sites are filling up as families say goodbye to their loved ones from a distance. northeast of gottesman to an increasing numb

tonight is arthur caplan he's the director of medical ethics at new york university's medical center mr kaplan it's good to see you again i'm sure you would agree with me that these are not normal times that we're in is it ethical to protect these patents in the middle of a worldwide pandemic. well i think you should not be protecting intellectual property over giving access to that scenes to a world that is still in the middle of a horrific pin down that you just have to look at india brazil turkey many many countries and even more developed countries japan for example very poor vaccination rates still at high risk so you don't want to go around protecting intellectual property but i don't think the intellectual property is the bottleneck to vaccine access i think it is a we would say red herring to focus on that issue i think what you need is distribution of the vaccines we've got at the end the ability to manufacture or vaccines break down if you said to someone you should be more cakes here's the recipe you don't have enough good and you don't have the ingredients but i will give you the r

last november, their classmate daniel kaplan died at the age of 17, six months after being diagnosedts was the lack of hope they were given from the moment daniel was diagnosed. you they were given from the moment daniel was diagnosed.— daniel was diagnosed. you are literally told _ daniel was diagnosed. you are literally told on _ daniel was diagnosed. you are literally told on the _ daniel was diagnosed. you are literally told on the day - daniel was diagnosed. you are literally told on the day of- literally told on the day of the news of the biopsy that your child will die and they will probably die within months. and there is no treatment plan available. when daniel 's school _ treatment plan available. when daniel 's school friends - treatment plan available. when daniel 's school friends found . daniel �*s school friends found out about his illness they organised a charity football match. �* . . . organised a charity football match. �* . ., . ., match. big chance here for number— match. big chance here for number ten. _ match. big chance here for number ten. dante - match. big

tonight is arthur caplan he's the director of medical ethics at new york university's medical center mr kaplan it's good to see you again i'm sure you would agree with me that these are not normal times that we're in is it ethical to protect these patents in the middle of a worldwide pandemic. well i think you should not be protecting intellectual property over give it access to their scenes to a world that is still in the middle of a horrific pin down that you just have to look at india brazil turkey many many countries and even more developed countries japan for example very poor vaccination rates still at high risk so you don't want to go around protecting intellectual property but i don't think the intellectual property is the bottleneck to vaccine access i think it is a we would say red herring to focus on that issue i think what you need is distribution of the vaccines we've got at the end the ability to manufacture or vaccines right now if you said to someone you should be more cakes here's the recipe you don't have enough good and you don't have the ingredients but i will give you the

kaplan in dallas got out front. talked about the earliest opportunity, and it is fascinating. a timeline from the dallas fed. jonathan: not just time for the fed to start thinking about monetary stimulus. lisa: this concern about financial excess. that is what the fed was talking about. i do think that jay powell shrugged it off to say get with the program, stick with the narrative. when will that become a liability to the economic recovery? these excesses creates some sort of issue in the market and that could derail what the fed is trying to do. jonathan: let's start with the price action monday morning. after a big monthly gain through april on the s&p 500, equity futures climbing just a little bit. yields on the 10 year 162.59. tom: did you book capri this morning? out on social, i am seeing some of the hotels in europe i know opening up again. after what they have been through. it is exciting to see they are making every effort to reopen. jonathan: i have no doubt you are doing your bit to support them. tom keene doing his bit. i am doing my bit. lisa: i will do my part n

later, robert kaplan takes part in a discussion hosted by the university of texas school of business.eally interesting bloomberg intelligence report called kaplan: the lone hawk calling for tapering talk. stocks are back in the green. signs of a strengthening u.s. labor market ease some concerns over rising inflation. we will discuss next. this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." 40 minutes to go until the start of the equity trading session. looks as if we are going to end the week and slightly better form then we saw earlier on this week. gains of 1.1% on the msci asia pacific. looking at the nasdaq, and over the last -- looking at nasdaq futures, which do suggest we will see some upside. we are still underwater for the week. what are your thoughts about how we started, moved through this weekend how we are ending it, in what seems to be a slightly more positive mood? mark: given the data we have seen this week and given how we started this week, it's a very positive finish. we were a little bit nervous and markets, even before the inflation p

yes, we have you can see this order turning over get a kaplan and her daughter fromma was six and you can see that at the bottom it is signed a little acres. so with this information osi was able to prove that the lake has had participated in persecution and it revoked to citizenship in 1996 about a month. later. he lithuanian officials gave him a passport and he went back to lithuania with the understanding that he was not going to be tried. but then the united states put tremendous pressure on lithuanian authority. so in 1998, they charged him with genocide but the proceedings dragged down until the lake is finally died in 2000 at the age of 93. and that was without a verdict without any resolution. yes. we would like to give special thanks to our partners and colleagues at the us department of justice former colleagues of berries there eli rosenbaum and susan masling in the us department of justice. what is now the human rights and special prosecution section, they helped us in preparing for this program and shared information. so, thank you eli and susan now barry those of us who

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the visual visual experience as telling thagood ed thank you for tuning in on behalf of mitchell kaplan and all of us at books and books in miami, florida. i welcome you to a virtual evening with julia cooke to discuss her new book come fly the world the jet age story of the women of pan am a riveting complex portrait of the adventurous lives of pan-am stewardesses during aviation's golden age. julia cooke is a journalist and travel writer whose features and personal essays have been published in time smithsonian continuas traveler and suburb. she is the author of

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tom: interesting as well to see who joins kaplan. a really serious academic with major chops but represents a financial wall street system. it will be intriguing to see if anyone joins him. jonathan: they will struggle to make the argument we demand-side problem. tom: they need more data. jonathan: it's pretty clear we don't have a demand-side problem. tom: correct. but they are going to say they need more data. on mary poppins, we get wonderful things mailed in from time to time. a wonderful note from karen a bunch of years ago. she was the little girl in mary poppins. she watched us every single day, from our generation, for someone like her to send something in and say hello is fabulous. jonathan: i have no idea where you are going with this. tom: i'm in a very sentimental mood. jonathan: on the childcare issue just to wrap things up, it was evident in the data on friday the female participation rate and a lot of people are bringing up the childcare issue. democrats are trying to insert that in the infrastructure proposal. there i

with the exception of maybe dallas fed president kaplan, but chair powell and some of the other leadershipd this week all found very patient, really committed to the new reaction function where you wait for that recovery happens. lisa: we are talking about the incredible progress of the labor market and inflationary pressures when it comes to supply chain disruption. there was a story showing the birth rate in the united states fell to the lowest level since the 1970's particularly talking about the fertility rate, the average number of babies a woman will have in her life fell to 1.6. this is an all-time low. how does this lead into the inflation discussion as a disinflationary force? julia: if we look through this reopening rush we are in the middle of, what lies beyond this and, -- demographics are a key driver of this. it's well below replacement rates so like europe and japan we are looking down the road at a declining population, saving rates have been immigration but that has also slowed for policy reasons first and then for covid second. we decided to shut the doors and that's been

lisa: do you ascribe to the robert kaplan idea that markets themselves, given how exuberant they have could pose a material risk to the economy in a year or two years if the fed does have to hike more than people are pricing in, and there is a quick end to the recovery? ethan: i think there is a risk of that. it is a very good point. the markets are being fed an incredible mix of positive news. they are not hike -- you have the fed not hiking anytime soon. you have great growth numbers. very good news on vaccines and the covid crisis. you have a red-hot risk asset market, whether it is home prices or equity valuations. that is an environment where you tend to overshoot. we could be in an environment where the fed has to take away the punch ball. the rest of the economy in 2023 and 24 is pretty high. tom: what do you see for business investment? are they going to affect capex or is it one big share buyback? ethan: no, i think capex will be strong. if you look at our surveys of fund managers they are telling companies invest in capex. that is a sign of optimism about the outlook. if you