kathy: we don't think so.o the product market, we think that wages will rise in the labor market, but eventually as the supply of labor comes back online, somewhere around the ball that should happen with children going back to school, some of the benefits rolling off, hopefully, some of the health conditions remaining under control, although that is a risk. that the wage growth will moderate and not be a big problem for businesses or consumers. amanda: if we are watching for this question of the transitory nature of all of this, at what point would you expect to see these prices moderate? jay powell acknowledged things like used cars, lumber, which is already over. before the next fed meeting, one of his data points has showed to be transitory. are we talking about a month, two months? what are economists calculating in this post-pandemic environment? kathy: in our view, inflation will remain sticky and uncomfortable certainly through the summer and probably into 2022. we think inflation stays above 2%, a mul

>> kathy park in new york city tonight.hy, thank you >>> there are new fears tonight in tokyo one week before the summer games are set to start today officials announced the first confirmed covid case inside the athletes' olympic village. molly hunter has those details. >> reporter: tonight in the olympic athletes' village the first positive covid case, and now the ioc working to reassure participants and the japanese people. >> what will make these games historic on top of this is the demonstration that this can happen in a safe and secure way. >> reporter: due to confidentiality, officials only saying the person tested positive on friday during screening at the athletes' village. >> it goes without saying that all of the concerned people were immediately isolated, and in this way they do not pose any risk. >> reporter: tokyo organizers say since july 1st, 45 people under their jurisdiction have tested positive. at least one athlete, three members of the media and others identified as games-concerned personnel. >> i don't

kathy mckie, thank you. >> thank you. >> thank you, kathy. >> thank you.l president biden arriving in miami. you see him right there. getting ready to meet and console families in the tragedy, the wake of the condo collapse tragedy. we'll be right back. i think i can. i think i can. i think i can. i think i can. i think... ...i can. the tempur-pedic breeze° makes sleep...feel...cool. because the tempur-breeze° transfers heat away from your body... ...so you feel cool, night after night. during the tempur-pedic summer of sleep, save $500 on all tempur-breeze mattresses. people everywhere living with type 2 diabetes are waking up to what's possible with rybelsus®. ♪ you are my sunshine ♪ ♪ my only sunshine... ♪ rybelsus® works differently than any other diabetes pill to lower blood sugar in all 3 of these ways... increases insulin... decreases sugar... and slows food. the majority of people taking rybelsus® lowered their blood sugar and reached an a1c of less than 7. people taking rybelsus® lost up to 8 pounds. rybelsus® isn't for people with type 1 diabetes

sunday night at 2 in the morning i received a phone call that kathy had to be intubated.nd which was talking about waking up to a shock. and so she had to be intubated. so, you know, a month later, she passed on may 3rd. >> how has losing kathy changed how you and maybe people in your family or your community are thinking about getting vaccinated? what is your message for people who have the vaccine available to them and are passing on it? >> well, my message obviously everyone was extremely shocked. my immediate community, everyone is pretty for it. but i do hear people on the outskirts, whether it's on the news, on the social media accounts, you know, who are kind of against it. and i just say, i wish -- due to hiipa, i wish i could have you sit there with me in the hospital room with my wife having the tubes up her nose, seeing seven different medications being pumped into her. i said, think you would change your mind in a heart beat. it's very, you know, hard to express sometimes. but, i think people if they see the visual, i think they may change their mind. hopefull

kate >> kathy, thank you. >>> now to the relentless dangerous heat once again baking the western u.s. it's a double disaster with wildfires prompting evacuations and reservoirs now running out of water erin mclaughlin has more >> tonight, extreme temperatures fueling infernoes across the west in california, more than twice as many acres have burned compared to the same time last year triggering evacuations in the northern part of the state the back woods complex fire this weekend doubling in size photographer craig captured the intense conditions as a small town burned. >> it's just weeks and weeks and weeks drier than it should be this time of year. >> the fire season not only prematurely ferocious but also deadly in arizona, retired fire chief jeff patura and pilot matthew miller were killed in an air accident the scorching temperatures threatening nearly 30 million americans across the west. with thermostats soaring 10 to 20 degrees above average >> miserable >> on saturday, utah tied its all-time hottest state-wide record, a sizzling 117 in st. george the same temperature as las v

kathy, i've got to get to this tweet from congresswoman cori bush.she posted this on twitter. sheaf says when they say that the 4th of july is about american freedom, remember this. the freedom they're referring to is for white people. this land is stolen land and black people still aren't free. what's your reaction to that? >> yeah. you know what? she says that as a sitting member of congress. the last time i read my history book, slaves were not allowed to be sitting members of congress. she says that even as i, a black woman, i'm running for the u.s. pennsylvania senate seat. so what the problem is, we can no longer just dismiss these people as ignorant bafoons. they are a little bit of all of that and, yes, they are very serious. it's not about our constitution, it's not about getting rid of our flags or any of these things, these people are very serious and what they're doing is they're using -- they're weaponizing the color of my skin in order to overthrow this country. i have never been a slave. i've never been bred as a business strategy. i'v

kathy is joining me nolive ahead of new york. are there any concerns of people gathering in large crowds. >> reporter: many are not worried about the virus. more than 70% new yorkers have received at least one dose of the vaccine. >> kathy park, thank you >> you can watch the macy's fireworks separation covid. it comes as the administration falls short of its goal of vaccinating a large number of americans and concerns of the dangerous delta variant. monica elba is at the white house. >> reporter: the white house is opening its backyard for a summer bash where president biden will mark how far the country had come while stressing the pandemic is not over yet >> hosting a crowd of a thousand essential workers and military families to declare independence >> over the past year, we lived through our darkest days now i believe we are about to see our future >> reporter: now responsible for about a quarter of all new infection according to cdc data. >> the overwhelming of unvaccinated which is why we say this is entirely avoidable and

kathy would is reducing -- kathy wood is reducing. the risk of capital flight is the risk. rishaad: this is it. you look at kathy wood, had 8% of the ark innovation etf, a mere one third of 1% of this $23 billion. that gives you an idea of what happened with kathy wood. you look at leverage and debt laden property companies, look at ever grand and the drama that continues with the company downgraded two notches today. a special dividend would be issued, but then the board decided no way. on top of that, they would put himself ahead of the bondholders, which is not something people do generally speaking. bondholders are the first to get paid back whatever they can. manus: bondholders come way above the quiche eating equity holders. to what extent is this heightening on behalf of the pboc without having to tighten? of course, realreal's are at a record -- real yields are at a record. many say that expectations of inflation racha higher as we go into the fed meeting. is it peak growth or stagflation, this demise of the real yield is signaling? maybe it is too early for stagfla

democrats reveal a $3.5 trillion budget that fills the gap for the human capitol infrastructure >>> kathy wood doubling down on her deflation trade as she loads up on technology but grows sour on china details next. >>> cleared for takeoff. investors waiting for results from delta and more while sales and bookings may be up, there is still one key traveler yet to take to the skies in a major way. not just airlines, big banks front and center bank of america and wells fargo earnings today, wednesday, july 14th, 2021, you are watching "worldwide exchange" right here on cnbc. >>> good morning i am dominic chu in for brian sullivan today kicking off your wednesday morning with stock futures showing a little bit of movement now you can see there we are indicated just marginally lower, about 35 points the down side for the dow. the s&p lower by 3 points and 27 points to the up side before the opening bell on nasdaq this is after the dow failed to break through the 35,000 record level. blame boeing for most of that downward move. it's down 66 points. more on that move coming up later on on the s

kathy, what is your top news story of the week?aller: i was just talking to a neighbor about inflation. everyone should turn around and lock -- look and see where the inflation came from. when joe biden came in, he closed down everything trump had done. i'm sick of trump taking all the blame for everything. he is not to blame. it is the democrats. chuck schumer -- he is another one. look at what he has done. he stood up there. they got that bill out now. they are sending money to everybody. they want you to love the government, because they want your votes. they want to keep you a democrat as long as they can, because as long as the democrats are in, they know that the republicans would never stand a chance. that is why we have to, so to speak, overthrow the democrats. in the upcoming election? no, we will not. host: the numbers we found out on tuesday every were out of the labor to meant as the consumer price index rose 4% in june from the previous year. that is the highest 12 month rate increase since august of 2008. sonja, indep

kathy would, what kind of exposure did she have to china and is she totally out now?for two of her funds, they had as much as a percent or 9% this year. now, barely any chinese equity exposure. she is very involved in innovation and growth companies. she has very much trims that. romaine: so she has trimmed that. it is not really unheard-of. joe kind of alluded to this idea that a lot of these industries have been under pressure for a while. february, the last time we have seen a real peak and some of these names. are some of these bigger investors, are they looking at china and really saying, this time is different and we have to reconsider being investors? >> a lot of what i am hearing talking with fund managers, the chinese government has increasingly crackdown. it is, to say chinese equities will start performing better. caroline: of course, cathie wood is renowned for support of elon musk and tesla. people have been worried about the regulatory risks of that particular stock. at what point do we start worrying about u.s. companies? >> it is a great question becau

but the reason why you own arkk is like the best ideas of, you know, the kathy wood ark ecosystem because i want to own shopify. i've wanted to own tesla i think crisper, are amazing companies. but the entry points are always so high. and they always seem like expensive stocks well, when you buy those arkk, you get shopify, spotify, crisper and vatea. all of those great names everyone talks about tess la, but you really get to own these truly strong secular growth companies that have, i think, long tailwinds but to your point, where do you enter? i think in hindsight, that $100 level was a great point. but it didn't feel so good so we -- i own it. i haven't added to the position yet. only because i have a decent size position, but i own it for the long term. they're my version of the s&p 500. that owns envidia, tesla, all of those faang names. that's how i want to get my growth story but i want to balance that with energy names and smrth names that i think are deep value that have secular tail winds in a different way. so i think this is a bigger question on portfolio construction but i a

the elon musk, jack dorsey, and kathy would touting the token at a c

kathy: the idea that it's a hedge against confiscation of wealth.n take place in a myriad of ways. but inflation, especially hyperinflation in emerging markets, is the primary way. ♪ ♪ emily: this is "bloomberg technology." i'm emily chang in san francisco. let's get another check on the markets with our kriti gupta. kriti, intel, twitter, snap moving after the bell. what are we watching? kriti: i'm going to take the macro point of view because you did see a lot of positive earnings stories. you saw this tech outperformance but still not enough to make any meaningful gains in the s&p 500, closing up to 0.2%. the nasdaq 100 gain is three times that in percentage terms. we didn't do so well is the small caps. we want a healthy rally. today, you got the tech performance. and of course, yields just a bit lower, as well. a small bid for treasuries. a defensive day. let's look at what else performed well. i want to show you the new york faang index to highlight the point big tech was at the top of the leaderboard. then your faang index holds a lot of the

i mean, kathy just mentioned a federal vaccine mandate.r: that's right. as the president was leaving the white house yesterday he told reporters that in all probability there would be more guidelines to come. what that's actually going to look like we don't know yet. this white house has said from the beginning they're going to listen to the science, listen to the data and readjust their guidelines and health restrictions accordingly. as to whether there will be that national vaccine mandate, listen to what deputy press secretary john pierre had to say about it. >> a national vaccine requirement is not under consideration at this time. that's where we are with that. >> but has he asked the justice department to see if it's even possible? >> i don't have anymore to add to that. >> reporter: now the white house, as you can see there, has been very clear that is not something that they are considering, instead i expect to hear more from the president next week about getting some businesses, some of these private employers to continue to requi

sonny: elon musk, jack dorsey, kathy would -- kathy wood, a triple crown of speakers about crypto.hey all have their different beliefs. crypto has a different leaf depending on where you are in the world. all three had a different vision as to why they loved crypto. that makes crypto so great. caroline: many we have talked to here, the arrival of institutional money and how you need institutional adoption, and in some analogous way you need to centralize it to have everyone take forward the centralization mantra that is crypto. we had scott minerd on earlier, key man at guggenheim. he is saying bitcoin is going to go to $15,000. this is in the right time to buy. how much is this a worry when institutional money is still on the sidelines? sonny: fairpoint, but three years ago when bitcoin had its big drop, everyone thought this was the end of bitcoin. the sky is falling. now we just had this drop, the institutions that got in six months ago like fidelity, none of them have sold. all of them have reiterated their belief that we are long-term holders of bitcoin. we don't mind this rec

kathy park has details. >> reporter: tonight no signs of covid-19 backing down in los angeles county, a 700% increase in positive cases in just the last month as masks go back on while indoors. >> i think better safe than sorry, for sure >> reporter: former surgeon general jerome adams weighing in on mask wearing, saying the cdc guidance is premature and wrong. he added, instead of vax it or mask it, the cdc should be advising to vax it and mask it in cases with rising cases and positivity the current surgeon general defended the decision on masks for the fully vaccinated. >> they gave individuals flexibility to make decisions. >> reporter: across america, cases are rising in all 50 states some hit harder than others health care workers in florida's seminole county point to a deadly trend >> the death count is extremely high 99.2% for the individuals that run vaccinated >> reporter: in arkansas, a hospital is full and they're running out of caregivers and more worries around the world prime minister boris johnson is in quarantine after a covid-19 exposure. >> i've been pinned. i've be

kathy park reports >> how are you doing >> reporter: it's clear the cdc wants kids back in the classroom this fall. >> if a school or classroom is not able to maintain at least three feet distancing, that should not keep any kids out of the classroom. >> reporter: the agency now saying fully vaccinated students and teachers can lose the mask when they return, despite kids under 12 still ineligible for the vaccine, creating confusion for some parents. >> it might be difficult, you know, keeping track of who is vaccinated, who is not. >> reporter: school districts and local jurisdictions now weighing in. california will continue to require masks. new york is still reviewing its policy and officials in clay county, missouri listed its mask requirement for all schools last month, despite an alarming rate of new infections >> patients were much sicker than what we've been seeing in the past. >> reporter: the highly transmissible delta variant now makes up more than 50% of new cases nationwide 67% of adults have received at least one dose of the vaccine. a number the biden administration hopes

kathy, i want to start with you on this one. bring us up to date on what we know thus far as to what took place and their intentions. >> reporter: hey there, yasmin. so i can tell you that the standoff is over. it actually wrapped up a couple of hours ago and it ended peacefully, but it all happened around 1:30 this morning. a state trooper came across two vehicles that were in the breakdown lane on interstate 95 in wakefield, massachusetts, and noticed there was a large group of men outside wearing, as you mentioned, military gear and they had lots of different firearms on them. they were asked to show ids and permits. they weren't complying, and that's when things kind of took a turn. it escalated. the men eventually fled into the woods, and two of them were apprehended pretty quickly, and the trooper called in for backup. eventually, over that extended period of time they were able to arrest 11 people in total. right now there are still a lot of questions about this group, what they were doing early in the morning, what obvio

kathy park, nbc news. >>> and coming up right here, the growing controversy over sha'carri richardson'suspension and why some say the rules need to change for elite athletes. >>> also the latest on a powerful mudslide. >>> a desperate search for survivors is under way after a massive mudslide in japan today. this is the moment a wall of water and debris swept through the town west of tokyo. heavy rains there blamed for sending that mud crashing through homes. two people were reportedly killed. at least 19 more are missing. >>> now to that growing debate over america's fastest woman. sha'carri richardson suspended days ago for marijuana use. while she could still find her way on to the u.s. olympic team, her experience is raising questions of what we expect of elite athletes here is matt bradley >> reporter: tonight, calls for compassion for elite athletes. >> don't judge me, because i am human i'm you. i just happen to run a little faster. >> reporter: after american sprinter sha'carri richardson was suspended for a month and may miss the olympics for using marijuana, she says to cope w

kathy park, thank you. >>> pope francis is recovering this morning after undergoing surgery. the vatican said the pontiff reacted well to a planned procedure involving his large intestine. joining us now, claudio lavanga from rome. claudio, good morning. what more do we know about this operation? >> reporter: good morning, phillip. well, all we know is what the vatican has been telling us so far, which is arguably not much. yesterday out of the blue they told us the pope was going to be taken to the hospital for surgery. what was surprising about that is only a couple of hours earlier he was delivering his traditional sunday prayer right behind me looking perfectly well they said it was a scheduled surgery. didn't get much more information apart from that it was for a diverticular stenosis which is a problem with the intestines. later on yesterday at about midnight after the operation they simply said, as you mentioned, that he reacted well. we are used to the vatican and the policy here being particularically cryptic when it comes to the health of popes, but this very short

>> kathy, when you close your eyes, what memories of him come to mind? sang rap. ♪ you got yours and i got mine ♪ >> reporter: but for all his brightness, walter struggled with mental illness, starting as early as 6 years old. eventually, he was diagnosed with bipolar disorder. >> i understand he was on lithium? is that right? >> yeah, adderall, abill lafy. >> 12, 13 different types of medicine. >> you guys have been throughwr >> yeah. >> reporter: walter's emotions, his family says, sometimes led him to act out in violence ways. he faced trouble with the law, serving time in jail in 2017. but his father says he was a devoted dad who after a series of odd jobs found steady work during the pandemic as a door dash driver. walter's ultimate dream was to make it big one day with his music. ♪ ♪ial want to get things right ♪ >> reporter: ironically calling out policing and george floys s heartac heartache." >> it's a hard pill to swallow, know what i mean? thinking about my kid burying me, i have to bury my kid. it's like -- like the devil's riding over your b

the surge is being driven by the death at that variant at places with low vaccination rates kathy park has more. >> reporter: good morning. we saw covid cases trending in the wrong direction. meanwhile, one former health official is asking the cdc to act with more guidance on a national mask mandate. >>> no signs of covid backing down in los angeles county a 700% increase in positive cases in just the last month as masks go back on while indoors. >> i think better safe than sorry. >> reporter: former surgeon general jerome adams saying the premature stopping of wearing masks was wrong. they should vax it and mask it the current surgeon general defended the cdc's decision on masks for the fully vaccinated. >> they gave them the flexibility of what to do. >> across america cases are rising in all 50 states, some hit harder than o a deadly tren >> the death count iunvaccinate >> reporter: in arkansas dr. cam patterson said their hospital is full and running out of caregivers more worries around the world. prime minister boris johnson is in quarantine after an exposure. >> i've been asked

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nbc's kathy park has more on the story. >> reporter: hey, phillip. good morning to you. we certainly have come a long way in the fight against the coronavirus. but cases are going back up all across the country, even slightly here in new york city meanwhile, health on fishlz are warning that the delta variant is tightening its grip a national debate over the covid-19 booster shot. pharmaceutical giant pfizer will meet with top u.s. health officials about the benefits of a booster. the "washington post" reporting the meeting will happen in days. as pfizer's research suggests a third dose can offer more protection against the highly contagious delta variant but the cdc and fda say americans who have been fully vaccinated do not need a booster shot at this time. >> that doesn't mean that we're not very, very actively following and gathering all of this information to see if and when we might need it and if and when we do we'll have everything in place to do it. >> reporter: why is there a debate over the third dose >> the debate is because there's a question about when we n

lester. >> all right, kathy park, thanks very much. let's bring in dr. john torres with me here in tokyo. a lot of understandable worry about these breakthrough infections. should we be changing our lifestyle in reaction to this? >> not really, not much, other than this. the mask. you want to wear a mask if you are in an area with high transmission rates, low vaccination rates. if you are worried about your health, simply put a mask on. and don't forget the children. those under the age of 12 can't get vaccinated and so they might need to be masked and you might need to be masked around them as well. >> in all of this, i get the sense, there is still a strong argument for vaccinations. >> if you look at the data, it's showing vaccinations work really well. put in perspective, about one out of ten americans has had covid when it comes to testing positive, only one out of 1,300 who have been vaccinated. >> thanks very much. >>> let's stay on that point now about vaccines. there is some good news on that front, today. the number of people getting vaccinated

concern right now and the possibility of even more emerging in the future back to you. >> all right, kathy, thanks. >>> breaking news now. massive wildfires in the west are forcing more people to flee their homes. the tamarac fire south of lake tahoe exploded over 18,000 acres and spurred mandatory evacuations. it is zero percent contained this is just one of 80 large fires burning in 13 states the evacuation zone has expanded for the bootleg fire, burning in oregon it has burned nearly 300,000 acres, which is almost the size of los angeles that fire is 22% contained >>> cleanup has begun in germany after devastating floods swept through, killing more than 180 people the area was hit with about three months' worth of rain in just 24 hours, causing the worst flooding in more than half a century. rescuers are digging through the debris, hoping to find any signs of life from the hundreds that are still missing. for more on the recovery efforts we turn to nbc's claudio lavanga live in hemerscheim, germany claudio, good morning. >> reporter: good morning, phillip. the chancellor of germany ange

>> kathy park, thank you. >>> there are a growing number of so-called breakthrough cases, cases where people who are fully vaccinated are now testing positive. some getting sick. here's vaughn hillyard with why it's happening and what you should know. >> reporter: the headlines unexpected. seven vaccinated stanford students positive for covid. six vaccinated texas democrats traveling together, positive. hundreds of cape cod residents and vacationers, vaccinated but positive. >> these are headlines that make us stop and think, where is this going? >> reporter: public health officials agree, if you're fully vaccinated, you almost certainly won't be hospitalized or die from covid. >> the numbers of people who get infected with serious illness or who are dying from covid-19 after being vaccinated is extremely >> reporter: l.a. county alone, 20% of confirmed cases were breakthrough cases. but less than .001% of those vaccinated have been hospitalized. but why are we seeing so many cases now? >> delta has turned our streets into a nascar track. to levels 1,000 times what the early virus wou

th time this morning, kathy. kathy, did you think that, say, 20 years ago that we would be sitting here talking about four civilians heading into space? >> absolutely. this is what we have been working for. i've been working different commercial activities for the last 25 years. and i'm going to tell you, we are rooting for this crew just like we were rooting for the crew last week because this is what we wanted to be working towards one day. and this is just amazing. >> also joining me this morning former nasa astronaut ron gearon. the rocket has been named new shepard a tribute to the first american into space, alan shepard. as you're sitting and watching what is going on through your mind? >> this is daunting. i hope space travel is as commonplace as air travel and this is the baby steps. i think a nod back to the suborbital flight of the u.s. space program with alan shepard aboard. >> you were aboard space shuttle "discovery." what will it feel as they ascend and descend? >> it will be an exciting ride and ac

to kathy's one of those demonstrations in rio de janeiro. the certainly the, the confrontation with the president is building up. and of course lots of people taking to the streets once again. the yes, exactly. this is the 4th time in 2 months that people are taking to the streets and it's not just only here in rio, it's going to be in the cities throughout the country, and also resilience abroad will be broach figured lisa, i've been planning to do so. and there are many reasons for that beside the government handling of the band with the president downplaying, the virus flowing to roll out of vaccine. there's also now the parliamentary injury, which is investigating accusations that there were there was corruption in the acquisition of material to deal with the mag. and besides this, there is no threat to a president dreadful on i have said that he will not accept the seat in next year's elections if there is fraud. and he has been trying to install this narrative, much like donald trump in the united states. that next year's presidential

ok, let's bring in giorgio kathy aero. he's chief executive of gulf states analytics. he joins us on skype from washington, d. c ga. great. have you back here on the news? what was the original conspiracy theory here? and was there any evidence presented to the court to support it? thank you for having me on your program today. i'm in this trial what was definitely not transparent. it was done with much secrecy and so there's still quite a bit that the general public does not know about. but they were, were very, very serious allegations. allegations of some sort of a, a d, stabilisation a lot in the kingdom and, you know, jordan is relatively stable country. of course i want to emphasize that stability is always a relative concept, but endured in there is a lot of sensitivity about the countries stability. and this trial was extremely important for many reasons. but i think one of the real main takeaways that everyone has is that the government is sending out a very strong message to a domestic regional and international audience that the, by authorities in jordan tak

kathy park is in new york's times square with more. kathy, good morning. >> reporter: hey, willy, good morning to you hear in new york and across the country. we have made significance progress in fighting back the virus. but health officials are signaling trouble ahead with the delta variant. this morning troubling signs suggesting covid is trying to make a comeback. with more americans embracing a post lackdown summer, cases are ticking back up in more than two dozen states. >> we are seeing disturbingly young people in the hospital. we're seeing pregnant women in the hospital. >> reporter: california lifted covid restrictions last month and now los angeles county is reporting a 165% increase in confirmed cases. in parts of the midwest and upper mountain states where vaccination numbers are lower, the delta variant is climbing at a high rate, 80% of cases. delta is now the dominant strain in the u.s. >> although we expected the delta variant to become the dominant strain in the united states, this rapid rise is troubling. >> reporter

let's go to kathy park in new york city with more on this. welcome to you, kathy. message for vaccinated people? >> reporter: alex, good to see you again as well. cdc officials and health officials are stressing that breakthrough infections are expected, but they are extremely rare. data supports this information. according to 38 states that were reported, breakthrough infections make up about 0.8%. so it's extremely low, however those breakthrough infections do exist. but there is some vaccine hesitancy with this new information that is out, but health officials are saying that this is more reason for you to get the vaccine because we are now learning that the delta variant is more contagious, more lethal. so if you get the vaccine, this will prevent you from being hospitalized and possibly prevent even death. as you mentioned, there are a lot of restrictions that are starting to roll back across the country, and just yesterday president biden was asked about restrictions nationally. here's what he had to say. >> can americans expect more guidelines coming out, mo

kathy park has the latest on this. kathy, good morning. >> reporter: savannah, good morning to you.the breakout track star who had her sights set on bringing home the gold. in an exclusive interview with "today," she asked others not to judge because she is human too. she just happens to run a little faster. sha'carri richardson's olympic dreams are now on hold after failing a drug test. the 21-year-old sprinter tested positive for thc, the chemical found in marijuana, after her 100-meter victory at last month's olympic trials. the violation means her race results are now invalid. richardson accepted a one-month suspension, which takes her out of the running in tokyo, where she was a favorite for gold in her signature event. in an exclusive interview on "today," she took responsibility for her actions. >> i apologize. as much as i'm disappointed, i know that when i'm on the track i don't represent myself, i represent the community. >> reporter: the track star has turned heads with her standout style and also warmed hearts during this emotional embrace with her grandmother, the woman

and so kathy atmosphere. you'll get a sense of what it was like here in the 900 century back when kind of it had the 1st came to the don't to relax, as well as to see and be seen artists and wealthy matters from the capital, followed his lead and spent their free time here, and that has remained a favorite vacation. this promotion to this day. the island is even nicknames burned in both time because it was, it was located just 200 kilometers from the german capital aah! collins, race and balconies adorned the islands. as many of which day from the turn of the 20th century, this is raining of a bygone era. one that continues to captivate visitors to this day. ah, even back then it was a status symbol to own a house as one of it was on the glamorous seaside resorts during the communist era fell into disrepair. but they've now been restored with many being turned into hotels apartments. the tourist dentist flocked to the 3 imperial seaside resorts with the architecture. these towns have all their own or as jim a

craig. >> kathy park braving the elements for us. thank you. >>> let's get more on today's threats from elsa and those dramatic images of flooding ina. the new york city subway system who better to tell us about is than janice huff she's in for al this morning >> good morning. it's pouring outside our window right now here as tropical storm elsa makes its way up the coast. strongest winds will be along the coast. they are still tropical storm warnings in effect for shores along long island, up through parts of conne well rainfall totals will be the biggest thing and the wind along the coast. right now,w, elsa's center is fe miles east of atlantic city, new jersey, but it's moving rapidly. it's on a tear right now, over 30 miles an hour off to the north and east strongest winds near the center, but the effects are far reaching heavy rain, wind, gusts of 60 miles per hour at cape cod are possible, and d an isolated tornado and dangerous rip currents are possible as well. look at the rainfall totals from southern new england which inclu

i guess a bullish take from what we heard of the likes of kathy wood and arc investment management.lling some of these chinese stocks. her hold on the innovation etf. she said it is time for the valuation reset looking at this is sector. david: it is a bit worrying when people start talking about the rating -- b rating. obviously, the investment horizon of kathy would and what they are trying to do, compared to their competitors, might also be influencing their investment decisions. but with valuations where they are, people saying they are not cheap enough, it is probably worrying. rishaad: it is, because we have just seen a comeback. the short rally we have seen. people suggesting it could be the bottom, and ultimately -- we won't know. waiting in the fintech etf. remaining the same. there is a lot of stuff going on in the background. washington and beijing at loggerhead, and we also have the power and influence of the tech giants. the federal trade commission share poised to scrutinize tech giants. i believe that never before. already an outspoken critic of the power they wield.

kathy bostjancic of oxford economics usa. we have had a lot going on in terms of breaking news. looking forward to the payrolls number today. the grandfather of economic statistics tomorrow morning at 8:30 a.m. i'm matt miller. this is bloomberg. ♪ >> i'm mark crumpton. a major overhaul of its text system. organization for development says -- tax system. along with rules for sharing the spoils from multi-northern -- multinational firms. the g20 finance ministers meeting next week,. nancy pelosi has named liz cheney to a panel that will investigate the january 6 riot. she was one of the 10 house members who voted to impeach president trump for his role in stoking the mob. many republicans are dismissing the panel as an exercise in partisan politics. a divided u.s. supreme court has placed new limits on the voting rights act. arizona did not violate the law

bitcoin above 32,000 after cheerleading from bitcoin bulls elon musk and kathy woods. will outline later today how their new inflation target. it marks the start of a potentially heated to day meeting later with ecb president christine lagarde promising interesting variations and changes. let's go to manus cranny in frankfurt for more. what do you have for us? manus: very good day to you. we are waiting to hear the language, the tonality from the european central bank. he brought in the experts. global head of macro. let's get his take in terms of where we are. great to see you. a beautiful morning. the sun shining over the ecb. how high is the bar for this institution and christine lagarde to move to a more dovish stance? we are already uber easing. >> we are extremely easy. looking at the strategy they announced, the stranger so that they will not target 2%. lagarde sounded extremely committed and determined to make this work while the ecb missed the target for the last 10 years. i think we could get a really dovish surprise today. forget about tapering and having th

well, the difference is the backdrop for kathy is a far more scrutiny from regulators than, than has been the case of nice and navigating that balance will be one of the biggest challenges briefly, katie's, this global regulatory crackdown on big tech at the moment. go to change things for amazon, do you think? well, it's actually not that easy to craft and not something that we saw last week with. and the us supreme court actually cutting down as i lost the federal federal government has applied against facebook. so we may be a little bit more pressure, but any meaningful changes a little while the way i think. thank you kate crypto currency mining. it's a power and is bad for the environment. it's more carbon dioxide, denija and tina. a bank of america report says no other human activity has a higher carbon footprint, which is why people are trying to make change. these serve as need know expensive cooling system. siberia, cold air naturally regulate the high temperatures generated by the mining rigs. they are stored at a former aluminum plant in brought a new by hydro power plant,

kathy park has us covered.d paying more? >> reporter: outside, grocery shopping, dining prices skyrocketed throw in a trip, things can add up quickly consider packing some meals on the road trip. stuff that cooler with snacks, sandwiches, water bottles. save a lot of money there. also consider, if you haven't booked that hotel or vacation rental just yet, consider one with a kitchen to cook a couple meals- >> breakfast. >> you don't have to eat out for every single meal. and consider goal off the beaten path when in hot spots try to go a couple miles and find a hidden gem somewhere, some of the restaurants aren't so packed you might get lucky. >> pricey, too. >> exactly. >> tom touched on this gas prices are sky high and everyone's trying to find ways to sort of save money in that lane >> just checked this morning average for gallon of gas $3.11. out west in california, $4.28. >> wow. >> that can add up quickly a couple things to do before you hit the road just unload your car with some of the non-essential ite

also kathy much. >> good afternoon and i'm so pleased to welcome you for thisk very special think makemuch-anticipated biography on former first lady nancy reagan read the book "the triumph of e nancy reagan" written by veten washington post columnist karen tumulty will be officially released tomorrow and karen tumulty is graciously agreed the reagan library one ofe our first stops on the book a tour. after devouring the book myself, i think readers will agree that it is a well researched, balanced and insightful book into the life of one of the 20th century's most fascinating and consequential figures. in the interest of full disclosure, i thought it would mention that i was privileged to work for the reagan as a young woman. a person the white house and then los angeles after the reagan press washington. and there i was part of the small staff and the vibrant because presidential life. and ultimately serving as their spokesperson and press secretary. it was an incredible adventure and one of the great gifts of my life read the journey over the six years open my eyes to the world. to

i know that kathy would is a fan of elon musk.u see those visions being at odds and how does that influence your strategy? sam: i do not think they are at odds. i think if we look at that today, the internet is becoming more of a basic human need. right now, happy earth's population -- 3 billion people -- do not have access to the internet. one way to bring them affordable internet is through satellite internet. i think a lot of memes get put out there about millionaires going to space but all this activity is driving down costs and it is going to enable very affordable internet for the global population. i do not think we can overstate that importance. emily: let's talk about cost. the tip of the iceberg's face tourism. that is what virgin galactic is focused on. it is a small part of what blue origin is focused on but just the beginning. it is a way to make money at least in the short term. what you think -- what do you think of a market for spaceport is him and at what cost for a ticket? sam: sure. a lot of framing of space tou

because you're rome. 7 and not a home and a lot of sense that i spoke to said that this 2nd european kathy and jose because of the time because of the grown up demick just being able to experience the so i sort of sort of emotion to be able to stand next to my mind at people to put content. 7 to feel the high to feels and all, and of course the body it's just getting started, enroll a lot of these and they are out 9 at the moment. and i think they have a sleepless night ahead of them and roam. and from on the match i have jonathan cried from dw sport to join me here in the studio. john, thanks for coming in. what a game. first of all, commiseration as an englishman. i know you must be very upset, but before we get to the actual match itself, it was a bit of controversy ahead of the game. can you talk us through that? yeah, we will get to the match the spectrum. but i think important to mention this because before the match, some england finds my store in the state and ticket, the fans who didn't have a ticket for the match. of course, they got through some barriers. the pitches have really

kathy fisher and can you please listen medicine. put it on hold gus with a glass. she didn't my been than adam adam and you had them. i'm a little help with marshall that much has been going on in the background is days i'm calling from my husband. oh the so basically, you know, i'm for less than a lot and have been to my shopping center and then that's the issue that i need to find out here by the daily community. we've made it to smashed him aside my big but it was animal and it was no cleaner. bob, no, no valve milk is coming up. it said his own he had told me. ringback she is the 2nd. yes he does. i see this all the said, i'm in the school be bus. what? i love, i see the colors and then the lulu minute more. but when a joke of people with measurable on the moon must see how them. but in a human have not similar says i see the plans in the 100 alarm and if you had them and was more management, change him now to get his in a way that can you said you had knowledge and then then i got and i did i did was also she bought the product as the left side of the piano an

the internet at some point >> a lot of potential that i see the internet having the cu currency >> kathyon top of blog chains like bitcoin. she highlighted the potential hedge against inflation and a hedge against deflation. this panel, of course, still going on we will bring you more headlines as they come back to you. >> elon musk trying to get bitcoin prices up now that they've fallen i don't know if we have the details. we'll check back in with you soon kate rooney is monitoring it soon >>> still ahead, are we witnessing the deterioration of the american dream why a majority of americans are worried about their kids' financial futures. and boeing besieged by setbacks. why is one major wall street firm calling it a top reopening play do our trarsde agree that's next on "power lunch. this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again. >>> welco

technical level, helped in large part by positive comments from tesla's ceo, elon musk, not to mention kathyig boosters of crypto. meanwhile, an early mogul warned of more challenges for digital currencies ahead. su keenan joins us with the latest. let's start with what technical analysts are saying. su: they are saying this is a good sign for the bitcoin bulls, hitting a crucial technical level of that weekend, rose above its 50 day moving average for the first time since mid-may on saturday and rose again on sunday. it's fifth consecutive day of gains, rising as high as 34,600 and change. bitcoin has had a volatile run in recent weeks and it looked to be in danger of further declines after falling below 30,000 earlier in the week, a level some predicted could lead to further declines. the big boost as you said coming from last week's conference on bitcoin. tesla's ceo, elon musk, saying he wants bitcoin to succeed and his spacex corporation, in addition to tesla. kathy woods widely followed investment rockstar at least earlier in the year in terms of her tech investment. corporations shoul

ringback our lead to happy to happen with kathy hey, fisher, and i wish i could eat museum if medicine put it on one of the whole. gus with a class should have been the modem and you had them plumber hatchet wanted to talk with marshall that much has been going on in the background is days from being hacked by mahogany. oh the so they said, you know, that i know and i've been told me i shall be happy to send it to you then that's the issue i need to find out here. sure. maybe you missed this most in my my big but in a mobile wash or animal and it well, no, no, no, no, no. okay. they come and have it said his own he had told me. ringback she is the 2nd. yes he does. i see this all pulled in said, i'm in school be but what i love, i see the colors and then lulu min more. but when a joke of people with measurement, but the moon must have them. but and you must have not said see the plans in the home and if you had them and was more management change them now to get his i can give you a call about tonight. how much is the mileage on file? yes, i did walk into good shape. i bought the produ