kathleen smith, from renaissance capital.ll ahead, we are checking on on how stocks tied to u.s. infrastructure are varying today after a bipartisan senate group says they have reached agreement on some details. this is bloomberg. ls. this is bloomberg. ♪ matt: this is bloomberg: it's. i am matt miller. it's time for the business flash. a look at the business stories in the news. we kick it off of pfizer. they plan to launch a study of a vaccine that targets the coronavirus's delta variant. it explained for the surge of covert cases in the u.s. and elsewhere the first batch of delta focused vaccine shots have already been made. boeing has earned a profit for the first time in almost two years. that hints at a turnaround after one of the worst financial crises and the playmakers century long history. boeing has been in a slump caused by the pandemic but was also kicked off by crashes of its once best-selling 737 max plane. that is your bloomberg business flash update. another story that caught my eye, aston martin has more tha

joining me of trends and kathleen smith, founder and co-chair of renaissance capital. the ipo etf is tomorrow. kathleen, you first. how are you feeling about the rip the effects of china's crackdown on the ups market? >> the ipo market is still on fire record-setting levels. maybe there hasn't been enough time for investors to do due diligence. i think we're in for a cooling off, triggered somewhat by what's happening with didi and some other chinese ipos. so the first day positives high, but aftermarket returns faded because it's so high to achieve a return after that first day. so this is good. a little fear in the market will help maybe not the issuers, but investors such as our etf will benefit when prices are a little more reasonable in the ipo market. >> yeah. kathleen, a lot more than a little in the market dave, over to you. tracking inflows into growth funds actually six times higher than value funds this year do you see investors losing their taste for ipos and big tech >> i don't think we'll lose a taste for ipos kathleen won't say it. i'll say if for you. ri

kathleen: thank you, taiya smith. former executive secretary for the u.s.tment of the treasury. time for morning calls ahead of the asia trading days, sophie kamaruddin joining us from hong kong. sophie: following the pboc cut on friday, mixed views from investors. one head of equity strategy says it increases the possibility of strong growth into next year as china has taken up monetary and fiscal policies. on the terminal, there could be a boost to stocks this week in the wake of the pboc move, on second-quarter duty -- gdp reports, it could have supply chains disruption. others say the pboc is neutral news. switching out the charts, an investment company saying given the tech crackdown, it could present an opportunity for some chinese names trading below valuations or at a steep discount to international peers. you can see the line in white on this chart, up about 32% from the high in february, compared to the nasdaq m a trading at record highs. the specter of more regulatory scrutiny has someone else seeing a discount that has to be higher for chinese s

of the inaugural 4x100 metres mixed medley relay along with teammates kathleen dawson, james guy and freya anderson. dina asher—smithsquires is racing for gb in the men's event. you can follow all of a on our website. from me and the team, the night. —— good night. evening. —— afew —— a few storms rumbling as of yet, but they should fade away overnight. there's always going to be some further rainfall, a lot of cloud. the showers tend to become few and further depleting. ten to 13 degrees. notable for scotland and northern ireland, where there will be a few showers around, but few are generally speaking. most will be for eastern scotland, eastern england, and through the day, breaking out with heat. once again, torrential downpour are possible. 20—21 in the south, but a cooler day on sunday, and still a showery picture sunday and still a showery picture sunday and into the start of the new week. this is bbc world news, i'm geeta guru—murthy. our top stories. two crew members are reportedly killed after an israeli operated oil tanker is attacked by a drone off the coast of oman. amazon is fined almost $900 million —