manus? manus: juliette, thank you very much.oming up on the show, china is one of our key focus is in this data. we'll talk about the pause, the speed of the slowdown, and the ramifications. coming up, the economic activity in discussion. this is bloomberg. ♪ ♪ manus: its debris europe with me, manus cranny -- it's daybreak europe with me, manus cranny in dubai. the consumer the lowest in a decade. a pause in the trajectory of the recovery in china. that is a consequence for equities. s&p 500, analysts are the most bullish into decades in stocks, however -- in two decades in stocks. in michigan, sentiment is the lowest in a decade. it's been 193 days since a drawdown of 5%. european stocks are lower on a bullish run. paris is the highest since 2000. london just pauses down .6%. your equity markets, a lot of it coagulates around the data around china. the report we have this morning for july, you've got new boris -- virus outbreaks, hit by floods, and fisk assets in investments all missed estimates. it's the scale we should focus

manus. manus: thank you very much, angel. let's talk about alibaba.ommerce giant fired the manager accused of rape. after the ordeal goes viral. we will bring you the full story, on bloomberg. ♪ ♪ manus: i'm manus cranny. dani burger alongside. the alibaba manager accused of rape, after the employee ordeal went viral on social media. it exposes problems in the culture of the e-commerce giant. our reporter is in beijing tracking this story. lucille, first of all, the timeline, walk us through it. reporter: that's right. the public basically came to learn about this incident over the weekend. the female employee involved alleges this is something that happened almost two. weeks ago she was unsatisfied with how executives handled the situation and took to the company internet to publish an 8000 page long account of everything that happened to her including allegations of going on this work tricked then being pressured to drink than being sexually assaulted by a client as well as her boss. -- then being sexually assaulted by a client as well as her boss.

manus: it absolutely is.f you can do the dividend and i suppose tantalize the investor with the share of buybacks. i mentioned the thinksen krupp numbers. charlie evans talking about the progress. it is that infrastructure bill. $550 billion of new spending. you look at alcoa, some of the moves that to being place last night, this tells me, are we fully priced for the infrastructure move or is there more to come? dani: these are really strong numbers and nasdaq fell half a percent yesterday. higher yields might play into that as well. a lot of crosscurrents here. manus: it is about -- bulldozers, dani. talking about autmated bulldozers. dani: if i wor to buy a bulldozer, it would probably will autmated. i have no idea how the drive something like that. the you're looking at a dollar. king dollar slightly higher. we have the c.p.i. numbers out later today. when it comes to equity marks in the u.s. and europe. biden's infrastructure plan is the biggest spending on u.s. public networks in decades. president bide

manus? manus: angel, welcome aboard. great to have you with us.er debut on bloomberg television, angel luciano there, keeping it real on monday morning. coming up, kashkari's morning. the fed president said the delta variant could slow the jobs recovery. we discussed the risks market. this is bloomberg. ♪ ♪ >> i was very optimistic the fall would be a very strong labor market, with many of those americans coming back to work. that's still my base case scenario. but if people are nervous about the delta variant, that could slow some of that labor market recovery, and therefore be a drag on our economic recovery. dani: minneapolis fed president neel kashkari speaking on cbs face the nation. traders will be watching the u.s. jobs data this week after the fed officials signal further labor market progress is key in determining the timeline, something they've been bleeding over and over again. let's get more in the debate with ed smith, who is still with us. we hear from kashkari flagging the delta variant as a possible pickup in terms of the jobs reco

manus: good morning from our middle east headquarters in dubai. i am manus cranny. dani burger alongside me at london hq for stories that set your agenda. tapering. they call for a reduction in the asset purchases as soon as the autumn. the e.u. decides not to impose new travel curbs on the u.s. despite the spread of the delta variant. the u.s. sees the biggest weekly jump in virus deaths december. the pboc fuels expectations for more policy easing. they warn investors not to pull the wool over their eyes when it comes to china risks. a very good morning. the voices rise on a taper. one man or woman's taper is another man or woman's tightening, isn't it, dani burger? bostic and kaplan have a variety of opinions. this is what i am drawn to. he differentiates the actions on fed funds from what actions are going to be on asset purchases. we must differentiate and disaggregate. good morning. dani: good morning, mr. cranny. you are spot on on pulling this out. this is something jeffrey rosenberg over at blackrock wentz out as well. the market is believing it, too. it has

this is bloomberg, manus manus: simone, thank you very much. the vice president clam harris has warned that china pose as threat to country ins asia while reassuring countries that the u.s. won't force them to choose between the biggest economy. she made this announcement in east asia where she rehitted the u.s. to the international order. >> in this region, we have long put forward a vision, of peace and stability. freedom on the seas, unimpede commerce, advancing human rights, a commitment to the international rules base order now as we face threat toss that order. i am here to reaffirm our commitment that vision. manus: let's get oderick. decker, kamala harris, do you think she did enough to reassure the allies in the region? decker: well, think that's the big question, isn't it manus. mung who is in aaddition to being rhymes to singapore is and as tuitt performer of world politics. who said look, the u.s. relationship with southeast asia has been fairly constant for the last 70 years for good times and not so good times. but the real key is

>> manus, good morning.ard as i usually say to name tms with a broad brush and harder today with the three we are focused on in terms of the em world and central banking. they are all dealing with the delta variant and perhaps on the upside, the broad positive risk moderating at least from the overnight members. that can be a trend that takes hold worldwide but still very tentative as yet. but for turkey at least for today, inflation is still a big issue, keeping them on hold for an interest rate cut that president erdogan has called for for some time so we are slated to to see them keep on hold and then revitalize that debate on the political side. the philippines and mexico today, quite a bit different. the philippines have their own conundrum along the growth picture. inflation has behaved a little bit more. that gives them room to look at how growth might perform and whether they might need to do more on that. it has never been about interest rates in this region this year at least. it holds on policy ra

manus: indeed. fought back against that criticism he faced across the political spectrum. >> this did unfold more quickly than we had anticipated. so what has happened? afghanistan political leaders gave up and fled the country. the afghan military collapsed. sometimes without trying to fight. if anything, the developments of the past week reinforce that any u.s. military enforcement -- ending u.s. military involvement in afghanistan now is the right decision. dani: we are joined by a senior lecturer in the department of war studies at king's college. thank you for joining us this morning. given the scenes that we have seen unfold at the kabul airport, given some of the backlash to the biden administration, what needs to be the number one priority for this administration and global governments as we deal with the fallout of the exit from afghanistan? >> think on the first step, the first point, the immediate is about evacuation. it is not just evacuation of the americans or the brits, but just about

manus? manus: thank you very much. coming up, china hunkers down for the delta variant reaching nearly 50% of the country. what does it mean for growth? what does it mean for the world's second largest economy? and the contagion effect, the global impact of delta rising. this is bloomberg. ♪ dani: welcome back to bloomberg "daybreak europe," i'm dani burger alongside manus cranny. the delta variant driven outbreak grew to over 500 symptomatic cases scattered across 15 provinces and municipalities. what does this mean for growth in the world's second largest economy? we have travel curtailed, the government asking both business and vacation not to go, they're asking kids to stay from school. these are quite wide-reaching, pulling back in terms of mobility. how big an impact does this have on your outlook for growth in china? david: overall the growth in china, as in other countries, which have to face a second wave or third wave with the delta variant, it's probably the economy is better to handle this pandemic so we wo

manus: good morning from dubai. i'm manus cranny. dani burger up me in london. daybreak: europe. u.s. virologists and warned of the threshold for herd immunity could be well over the 80% level. tech crackdown takes its toll. alibaba misses its numbers for the first time in two years, but beijing softened the tone on gaming. less, more key interviews, starting with siemens energy this hour. dani, breaking news from commerzbank. the germans have underwhelmed at commerzbank. 1.8 6 billion. the market was for 1.9 4 billion. -- 1.9 4 billion -- 1.94 billion. is that disappointing? second-quarter revenue is a miss. operating profit at $32 million. the estimate was for $113 million. when it comes to smart investors and hedge funds, what have you got at dam? >> they are seeing asset management rise one point 2% quarter over quarter, so they are seeing a u.n -- aum at 126 billion for spring. they did see net outflows in their investment management of $2 -- $2.2 billion. maybe they can stem the flows. manus: i caught up with a new ceo. for your lamaze position, provision will be below one

this is bloomberg. ♪ manus: it is day daybreak europe. i'm manus cranny.s, goldman sachs, morgan stanley. suddenly have something to agree about. dani? dani: yep. they are agreeing on more strin jept precautions for staff returning to offices. across town morgan stanley has just informed staff they must soon provide proof of vaccination. goldman sachs, morgan stanley, i feel like these are two of the banks that are prescriptive in terms of everyone needs to get back into the office. why are they softening now? what has pushed them to shift? >> you are absolutely right. these were among the banks that were more stride ept about their people returning to the office. at goldman sachs what you're seeing is that instead of saying to people to come back now, they are saying if you do come back, you are going to have to wear a mask in the office. these are some of the plans being discussed by the scenes. not yet yet implemented. and testing staff so they can spot infections before they spread across the floor. manus: i surreceived. had some water. don't need to -

manus: can i add j.p. morgan to the headline story this morning -- goldman sachs, bank of america see the lost decade for emerging markets as having passed? do you want to join that, lucy, joined the roll call of the next swing in em? lucy: it is tempting as these -- at these valuations. you look at the discount of the emerging markets to the rest of the world. when you look at growth, commodity is helping at the moment. the thing which is the barrier is the fact that the vaccination program is less mature in the developing world and therefore, you have more uncertainty about growth there. the other thing is if you have dollar strength dropping and yields rising, it is difficult for emerging markets to differentiate themselves. i think yes, i would be tempted. i don't know if i would go all in until you got further through the covid. manus: and we are grappling with what that is as we have vaccinations and now we are talking about booster number three. lucy, stay with us. great to have you back on the show

manus. manus: thank you very much. christopher waller weighs in on the debate at -- ahead of the friday jobs report. this is bloomberg. ♪ >> welcome back to "bloomberg daybreak: europe." i am dani burger in london alongside manus cranny in dubai. another fed official has weighed in on the taper debate. christopher waller says he could back an announcement by september on scaling back the central bank bond purchases if of course the next two monthly u.s. reports show continued gains. his comments, head of friday's nonfarm data. joining us now to go over all of the economic picture is the s&p global ratings senior european economist. great to have you. good morning. there is more importance for waller on the jobs data coming over the next few months. do you place that same importance or is the data still cloudy for the next foreseeable future? >> i think it is key because we -- inflation lately but there has been a debate of how transitory inflation is so i think what the jobs report says is that the long-term drivers of

manus: nissan's coo talking about supply issues.derstand toyota is going to cut global output by 40%. they say it is the delta rising across southeast asia. 900,000 was the number they announced in july. that gives you around 500,000 cards. delta has collapsed production numbers for toyota. delta is bottlenecking the world. what impact will delta have on the fed? dani: absolutely. mentioning fomc minutes before it even had an impact on the chip sector. that is such an important question. let's stay with that semiconductor shortage. the largest chipmaker has topped estimates on the second quarter, but nvidia is warning its bid to acquire arm is taking longer than expected. ed: nvidia continues to see strong demand from gaming and data centers. gaming revenue surged 85% in this quarter to more than $3 billion. he gave a rosy outlook for the current quarter as well. that demand is still there. demand is greater than supply according to nvidia. the chip shortage is here to stay, at least into most of next year, 2020 two. nvidia has a bu

t this, manu, is why power outages will be a widespread concern. not just new orleans but a lot of the surrounding areas as well. >> huge storm coming in, near category 5 storm. allison, thank you for that. we'll check in throughout the hour. >>> now to our other top story. stark warning to president biden. another attack on the kabul airport could be imminent. statement released yesterday. biden said our commanders informed me an attack is highly likely in the next 24 to 36 hours. and this, of course, comes on the heels of thursday's suicide bombing that killed 13 service members and 130 civilians trying to flee the country. islamic spin-off called isis-k claimed responsibility for the attack. in a statement yesterday biden promised more retaliation is coming. arlette saenz joins me from the white house with more. what did biden mean by further retaliation? >> reporter: manu, biden has decided to respond in a time of place of their choosing but has not given any further details about what further retaliatory action might look like. that air strike

anna: that was the cfo speaking to manus cranny.till with us, has been waiting patiently to rejoin us. thanks for that. the story in the u.k. banking, a lot of banks made provisions that they then didn't need, bet on the credit perspective, more supportive of the government than they participated. one thing banks are watching is when we see interest rates, some sickness returning to the curve when it comes to interest rates. when will that be? when will we see higher interest rates that the banking sector relies upon in many cases, depended on their models? peter: yeah, banks have done particularly well, outperformed from that perspective year-to-date over the last 12 months and our view, a lot of that outperformed certainly done shorter-term. in terms of where interest rates are going to move higher, that's tricky. rates would remain low for an extended period, certainly pinned at the front given unlikely to raise the rates this year. what can happen further at the curve on the 30 year point, our view is that you will see, graduall

so, yes, big road ahead as manu just laid out for us.n avalon, we can't ignore the historical significance here. how big of an accomplishment is this for president biden at this point in his first year? >> huge, and i think that's the way to think about this. what are the historical comps if any to this? i don't think any democratic president has had a more impactful first year legislatively since lbj. in terms of any president, i think you've got to go back to regan's first year where he was able to pass with bipartisan margins budget plan that changed the trajectory of american politics in fundamental ways. this is a huge win, not just for biden's promise he could make government work and cobble together bipartisan consensus. it's a huge deal, after republican killed a $50 billion infrastructure bill a decade ago. this broader budget, there are hurdles ahead. but there are going to be negotiations within the democratic conference. so in many ways the mostly difficult hurdle has been passed and it is a historic day for the biden adminis

alix: that was the hsbc cfo speaking to manus cranny.ine of questioning manus cranny was going on was the right one. if you're taking a position on business in china you're making a political decision. last week, i cannot imagine any cfo doing business there not getting a little freaked out guy: guy:. they probably know what they are -- a little freaked out. guy: they probably know what they are looking at. a balancing act in terms of what they have to deliver. their questions if they should be spitting out there u.k. retail bank. they are already backing out of the united states. big on asian wealth management. that is where the center of gravity is for this bank. that gravitational effect become stronger and stronger. it is a challenge for a lot of businesses, not just hsbc. alix: if you ask a veteran investor, they are like this happens in china, there are ups and downs. what feels different is the west's little bit more united and how they might be dealing with china. beijing clearly want foreign companies to work there, but on their

as manu indicated, long road to go. i wouldn't even say they're halfway there yet. however, they have gotten these two tracks in alignment in a way that makes it possible for them to get to the finish line. obviously when you have extremely narrow majorities in the house and the senate where there's, in fact, zero margin for error, you've got to balance all factions. they have 19 republican votes for the bipartisan infrastructure bill yesterday. that's a significant investment. more than $500 billion in roads, bridges, broadband, that sort of thing, an upgrade in the economic infrastructure of the country, and they've got all 50 senate democrats behind that reconciliation bill, $3.5 trillion. massive social benefits for poor, struggling, working class families to try to lift them up. free community college, universal preschool, thousands of dollars in aid for parents with children, dental, hearing, vision coverage under medicare. all these benefits are things that appeal to democrats. so they've got to negotiate, balance out, deal with fears of inflation that people

cnn's manu raju joining me now. manu, what more do we know about this, especially that time line? stock act was a law enacted to prevent lawmakers from trading on non-public information, and requires these disclosures to be made within 45 days. this came 16 months late. it was a transaction about 1,000 to $16,000 of purchase made by his wife kelly at the time. now, at the time also as this law was being enacted, rand paul himself had criticized the -- any efforts by politicians of trying to profit on their service. >> people should not profit off of their involvement in government. they shouldn't profit off of special relationships. they shouldn't profit off of special knowledge they gain in the function of serving the people. i think this bill is a great vehicle for discussing how people in government are abusing their roles in government to make more money at the expense of the taxpayer, and i think it should end. >> reporter: now, paul's office does not say that they made money. in fact, they say they turned a loss on this investment. they also contend that it was a paperwork e

manu, where are we and is the trump threat real or venting?s not going to affect the outcome in the senate where this is on track for passage almost certainly at least ten republicans who will vote tomorrow to advance this bill, break a filibuster and that will almost certainly include republican senators up for re-election, even though donald trump threatened to primary anybody who supports this, lisa murkowski told me the trump threat has no effect on her. todd young of indiana indicated he will support this, john thune is not there yet, but also said that he could potentially get behind this. but that is different on the primaries, throughout primaries, throughout the country, senate republicans who are running for open seats or challenging democrats, they are lining up with donald trump, attacking this bill. you're seeing this play out over and over again, often conflating this $1.2 trillion bipartisan bill with the larger democratic effort and saying all of this spending in their view needs to stop. i asked one republican senator, thom ti

manu raju is live on capitol hill.er chuck schumer wants a vote by thursday. you've been good at handicapping these negotiations throughout. that is a realistic time line. and for folks at home shaking their heads saying is it really a done deal, is it really a done deal? >> reporter: it is uncertain and unlikely they could get this done by thursday. just the way the senate operates here. and this is a massive bill. the number of pages, 2702 pages. that is released last night after negotiations and that extended through the weekend as they try to finalize the bill text as you mentioned. a sweeping proposal dealing with all aspects of this country's infrastructure, whether it is bolstering broadband, waterways, bridges, roads, paying for a lot of the things through mechanisms such as redirecting already enacted covid relief money and cracking down on so-called cryptocurrency. those are measures that senators want to dig into. it is going to take time to pour through this massive proposal and a lot of senators, particula

manus: that is your comfort level.any less comfort perhaps with clients in terms of flow of capital out of hong kong? >> not at all. i think you can see in today's results that our business in hong kong continues to grow. wealth flows in hong kong continue to be active and growing. no impact at all. manus: in terms of the markets, you talk about global markets, that's where we started. where are you perhaps most concerned -- you see relief in the u.k. and you are stoic about china -- is there anywhere you are concerned about? >> generally we continue to be cautious about the impact of the delta variant. i think it will slow growth somewhat from what people's expectations are at the moment, and obviously we are alive of new variants emerging. we are in a recovery and we think it will be bumpy around the world but fundamentally i think a good growth in the second half and a much more substantial growth then 2022 as more of the world gets face and ended -- gets vaccinated. shery: don't miss big interviews coming up later.

let's go to manu raju who has been watch ing this on capitol hill. fill us in. >> 69-30 is the vote count in the senate now. a bipartisan majority giving approval to this $1.2 trillion infrastructure package coming after months of negotiations between the white house, senate democrats and senate repu republicans. this just was approved even with the support of some top senate republicans. including mitch mcconnell, who voted for this package. some of the other members of his team voted against this include john thune, john cornyn, all members of his leadership team. but 19 republicans overall joined with 50 democrats to move this measure through this chamber after this has been on the floor for several days. the number of amendments that have gone through. >> we have to get to governor andrew cuomo. >> i'd like to address several issues today. first, i have only start ed by telling new yorkers the facts before my opinion. so let's start new york tough with the truth. the attorney general did a report on complaints made against me by certain women for

our chief congressional correspondent manu raj yu is joining us.can finally get this legislation passed? >> the negotiators who put together this bill are optimistic that they can get this through. they will have to keep that bipartisan coalition together and also fend off poison bill amendments, amendments they consider would undercut the core of the bill as it is now being considered on the senate floor $1.2 trillion over eight years, $550 billion in new spending. it deals with everything from broadband, $65 billion for that, $73 billion for power infrastructure, money for roads and bridges to the tune of $110 billion. even more money for ports. electric vehicle charges and the like. this would not be paid for by raising taxes. instead it would be paid for by redirecting already enacted covid relief money. but ultimately the question will be whether or not they can maintain, keep 60 votes in the senate to beat back some amendments they consider can be problematic, ultimately getting to iafinal vote here, and one issue to watch out here, wolf, is

let's bring in cnn's manu raju. he's joining us from capitol hill. do they want to learn from meadows? >> they want to learn exactly what donald trump and his top allies did to pressure the justice department, to try to intervene in states that joe biden won in 2020. already there are concerns that have been raised by some top officials including the former acting attorney general jeffrey rosen who testified for nearly seven hours behind closed doors over the weekend detailing efforts by trump's allies to essentially pressure him to suggest that the election was amiss in some way. and according to emails that have been turned over to capitol hill, five times mark meadows, the former white house chief of staff, sent emails to rosen asking him to look into election fraud claims that have not yet been proven, that have been disproven and debunked. but still asking him to question the results in georgia and new mexico and other states. rosen resisted but dick durbin, the senate judiciary chairman, told me earlier today that he does want to have a chance

cnn's manu raju is joining us live from capitol hill. manu, let's start with this key senate vote. just a matter of hours, wolf, that this senate right now is moving at a rather slow pace because of the objection of one senator, republican senator bill hagerty who has declined to consent to allow the process to move quicker. what that means under the senate rules is that at the moment they're looking at a final passage vote at 3:00 a.m. but there's an expectation that there will ultimately be an agreement and this bill will pass later in the morning hours. but there's no question about it. there aren't enough votes to pass this bill. 18 republican senators voted to advance it to this final up or down vote. including senator minority leader mitch mcconnell who voted to advance it as well as a number of other republicans, most of them who are not up for re-election. but after it passes the senate the question will be how is this moved through the house. nancy pelosi, the house speaker, has made it very clear that she will not move on this package unless the senate first moves on a $3

manu said walker lives in texas now. he lives in texas now. >> i'm getting ready, and we can run with the big dogs. i'm ready. >> i've been ready. herschel has already run with the big dogs. i've had georgia fights all my life. >> one of the interesting dynamics where you have trump involved, a celebrity like herschel walker who has instant name recognition. you watch the lesser known candidates, do i run from this, hide from this, or try to take advantage of this? >> you know, and i don't think anybody knows. i will say it is a little bit of a strategy to attack a candidate who is not in the race. but again, it's clear that this has become the dominant dynamic in this particular race. >> we'll watch it play out. as you know, there are many of them which is why we're here. we have an interesting several months ahead of us as we go first through the primaries and the midterms. up next, all but certain to be new york city's next mayor, eric adams. does he believe andrew cuomo can survive as governor? neutrogena® hydro boos

let's go to cnn chief congressional correspondent manu raju., i said full-tinalized bute will be amendments moving forward. break down what we know so far. >> reporter: there's a lot in this bill. it's a massive proposal that would spend that much money in new money for a range of measures to bolster infrastructure across the country, everything from electric vehicles to roads and bridges to waterways to broadband and just some of the line items here to point out. it includes $73 billion to rebuild the electrical grid, another $66 billion for passenger and freight rail. that had been a sticking point through the course of the negotiations. $65 billion to expand broadband internet access, something that's so critical in rural america, and $55 billion for water infrastructure. that adds to the short of what some democrats had wanted here so you mentioned the amendment process. that is going to be the big discussion here in the senate in the days to come, what amendments will be actually offered for on the floor, which amendments will be allowed t

manu raju with the breaking news on capitol hill. thanks so much. >>> former president trump's personal attorney is fighting back against the release of the former president's tax returns. we'll tell you what he's saying next. you need an ecolab scientific clean here. and you need it here. and here. and here. which is why the scientific expertise that helps operating rooms stay clean is now helping the places you go every day too. seek a commitment to clean. look for the ecolab science certified seal. subway®... has so much new they couldn't fit it in their last ad. so, we gonna have to go fast. ready? there's new steak, deli-style turkey, belgioioso® fresh mozzarella, hickory-smoked bacon, new hearty multigrain, and steph curry juggling avocados for some reason. dang, that's too much for 15 seconds. i booked our hotel on kayak. it's flexible if we need to cancel. cancel. i haven't left the house in a year. nothing will stop me from vacation. no canceling. flexible cancellation. kayak. search one and done. when you earn a degree with

manu raju is live at the white house. manu, so much back and forth on this bill. in the senate and do you think it will pass? >> no doubt it will pass. the final major hurdle was cleared last night when 18 republicans broke rank with the filibuster to make sure they had enough votes to pass this bill. it could happen sometime later in the morning, which is what we're expecting. right now it's expected to occur at 3:00 a.m. eastern time. that likely won't happen. they're expecting to change the timing of the vote until early in the morning. this will pass with the potential support of mitch mcconnell who joined after of his conference to move forward, but the republicans who have voted against this, most of them are running for re-election, and former president donald trump threatened to primary any republicans who supported this deal. >> what's next for the bill in the house? >> it's still a question, erica, how this will play out. some moderate democrats are expecting to put this bill on the floor immediately. but pelosi wants to move forward with the $2.5 trilli

manus: this is "daybreak: middle east." yousef: stocks climb as u.s.ators give full approval for the pfizer vaccine. president biden implores americans to get their shots. manus: it has been a year since jay powell rolled out a new way of getting monetary policy at the fed. questions swell about whether the plan is backfiring. yousef: the head ofsc

manu. manu. you can follow up. >> lowering the price tag, are you firm on 3.5 trillion?ry part of biden's proposal will be there in a big, robust way. there are some members in our caucus who want less. some members in our caucus who want more. that's the same in the house and we will all come together to meet that goal. yes? >> do you support an exception on the voting rights? >> everything is on the table. yes? [ inaudible question ] >> not on voting rights, on reconciliation. yes. [ inaudible question ] >> we go through voterrama all of the time. when you compare the amazing breadth, strength and depth of the 3.5 trillion we passed, this is a small little thing that means nothing. yes, in the back, red dress. [ inaudible question ] >> i hope not. as you've seen, i always try to do bipartisan stuff. and this senate has done more bipartisan stuff and my members know that, appreciate and have thanked me for it. for instance, we have before the infrastructure bill which we kind of had to push, prod and i was very instrumental in trying to make sure it got done, and you kn

manus: governor chrir

. ♪ manus: this is the bloomberg daybreak middle east.ories this morning. >> tapering called for us on september. -- as soon as september. manus: beijing accused of being capricious on policy changes. that is the pboc hints. >>

but as manu raju reports, it's not a done deal just yet. >> reporter: after it passes the senate, theuestion will be how does this move through the house? nancy pelosi, the house speaker, has made it very clear that she will not move on this package unless the senate first moves on a $3.5 trillion democratic-only package that includes a wise range of priorities by their party, whether it's expanding health care, whether it's e expanding immigration provisions to deal with undocumented workers as well as dealing with climate change, a major democratic priority. a wide range of provisions in that. but moderates in the house are pushing back. they want an immediate vote on this infrastructure proposal. that's something that she's going to have to navigate in the weeks ahead. a very narrow majority, and she can't afford many defections. >> manu raju with that report. >>> well, more than 500 wildfires are raging across greece. crews are doing all they can to battle the flames. but the prime minister says even the best efforts have not been enough. the latest in a live report. >>> plus a co

. >> manu raju has more on the investigation from capitol hill. >> reporter: the former top prosecutorf u.s. attorney in georgia testified for roughly 3 1/2 hours yesterday before the senate judiciary committee answering questions about why he abruptly resigned from his position the day after audio leaked detailing donald trump's effort to pressure the secretary of state of georgia to, quote, find enough votes to overturn his election laws to joe biden. now, what he said according to a source familiar with his testimony, that he actually resigned because he thought donald trump was considering firing him. he resigned a couple weeks earlier than planned. and the "new york times" also reported that donald trump wanted him to contend that the election results in georgia were fraudulent. and that was the reason why donald trump was considering firing him. now, i was also told that he was concerned that donald trump simply did not like him, he was not working hard enough. now, this all comes as senate judiciary committee is looking into a wide range of efforts by trump and his allies to all

manu raju is following this. he joins us now. the bill is enormous over 2,000 pages.n and what is next? >> reporter: yeah 2702 pages to be exact and that is released late last night and senators are still going through this. the first chance to review it. but nevertheless, democrats are trying to get this through the chamber by the end of the week. this is a massive proposal that would spend hundreds of billion dollars. to provide money for broadband, for roads an bridges and electric vehicles and to pay for in a lot of ways through redirecting already enacted covid relief money would not raise taxes that was one thing that the republicans said that that would not agree to. this is a group cut by ten senators who will keep the coalition together to get it out of the senate. but the question will be how quickly could they get it out. a number of senators want to amend key portions of this bill. they need the support of almost 60 senators to do that. it is unlikely that they could change key elements of the bill and the decision time is for chuck schumer, whether he mov

manu, thank you. >>> joining me cnn political analyst and political investigations enterprise reporter for the washington post. they're calling it a historic victory for the american people. the reality is this is also a pretty big victory for the biden administration. >> that's exactly right. the biden administration put out their ideas for infrastructure and not only normal traditional infrastructure but human infrastructure back in the spring. a large chunk of that was passed by the senate on a bipartisan basis as well, also a win for biden's larger governing agenda which is essentially trying to bring both parties together. there was an idea that washington was broken and biden campaigned on being able to bring democrats and republicans to the table, getting people behind closed doors and getting them to agree on something that would be better for the american people. if he can tout this as a major victory, there's a big challenge on the horizon in which he has to not only keep republicans and democrats together, but keep his own party together about the strategy ahead, getting thi

manu, help us understand what's going on there. how real is this threat?i has to pay attention. she has very little margin for error. just three democratic votes she can afford to lose. there are nine democratic house members demanding a change in the leadership strategy. the strategy being at the moment pelosi is suggesting she'd put off a vote on the bipartisan infrastructure bill that passed i among bipartisan lines in the senate. she suggested she would wait to move on that until the senate moves on the larger $3.5 trillion reconciliation package. that's a wide range of p priorities for the biden administration. what the mad rats want is a shift. they want an immediate vote on the bipartisan infrastructure plan before acting on that democratic only approach and this is the concern for democrats. because they are threatening to withhold their support for a key budget vote later this month. now, that is important, because they have to approve the budget resolution in order to move on the larger democratic agenda. so if these democrats ultimately carry ou

manu raju is "outfront" live. what more are you learning what happened in that interview tonight with b.j. pak? >> a source said pak testified for two to three and a half hours today and planned on resigning on january 20th but when he caught wind that he was going to be fired, he decided to quitterlier. now i am told that he also believed that donald trump simply did not like him, did not think he was working hard enough and "the new york times" reported also that he would not back trump's claims that the election was fraudulent in someway in georgia. that being part of the reason why that he stepped aside but this is all part of the investigation that this committee is launching into interference of the justice department after november 3rd, efforts by donald trump some of his allies to try to urge the justice department to suggest state legislatures and local officials that the states that bind one somehow had fraud le tallies and needed to be reviewed. pak is one of three witnesses the committee interviewed so

manu, thank you. "outfront" now is dr. ralph gonzalez and an associate dean of the ucsf school of school and dr. reiner. thank you both for being here. dr. reiner, i want to start with the stat from the white house we learned today. one in three cases in the united states is coming from two states, dpla florida and texas. two states governors have been adamant against mask mandates. what do you make of this? >> these states the governors decided to politicize this pandemic and vaccines and politicize masks. i live in a state, maryland with a republican governor and that's a state with one of the lowest covid rates in the united states now because that republican governor stressed masks, had a mask mandate for a very long time, pushed vaccines and the pandemic has been under control for quite awhile. in florida, which is on fire, the governor of that state has decided to just politicize almost every aspect of this pandemic. in florida with a raging pandemic, the governor decides not to allow local authorities to mandate mas

it also gives you a lot of political influence, which canada manus does want, and would like to have in the middle east. you know, i think what they mean by let time pass is let the hawk shogi thing passes 2018 when this saudi dissident was assassinated by his own government. you've got to let some water roll under the bridge before it goes back to business. as usual, it looks to me like premier trudeau now believes it's time to go back to business as usual. well, the question i have, and you mentioned that candidates 2nd behind the u. s. to export these weapons 2 sided. let's just say they did to spend all sales. were there actually be an impact on the fighting in yemen, or would they find somewhere other to get somewhere else get their resources? well, that's a good question and i wonder who would make up the difference. you know, the by did ministration, might have one or 2 people and in the administration concerned with humanitarian affairs overseas. of course, a lot of the so called humanitarians in the bud administration are actually closet hawks like samantha power, who's neve

let's get to capitol hill now and manu raju. a big deal. >> 69-30 was the final vote. a strong barp bipartisan moving ahead. 19 republicans joining with all 50 democrats. among those republicans was mitch mcconnell, who voted for this bill to pass. even though a number of members of his leadership team like jon thune, john kcornyn, all voted against this bill. but it came after months of negotiations between the white house, senate republicans and democrats, to put together this proposal to spend about $550 billion in new money over the next five years. now the same time the question remains, how quickly this can get moved through the house. the speaker nancy pelosi has indicated she will not move on this bill until the senate democrats pass a larger $3.5 trillion bill filled with a host of their priorities. wants the that bill done. then the house will take up that bipartisan infrastructure plan. that's already causing a point of tension within her caucus among moderates who want that bipartisan bill on the floor immediately. but these are the pressures that she's goi

cnn congressional correspondent manu raju is up on capitol hill.ke another round in their war of words, but this is important stuff. >> really been the fallout from january 6, the two going back and for the and the latest stemming from a statement from the former president last night talking about the killing of ashley babbit who was joined as she was joined by the riotious mob on january 6th. trump saying that babbitt was murdered at the hands of someone who should never have pulled the trigger of his gun. we know who he is. the reality is she was joined about other members of theob, trying to break througe shelter some. the justice department jettinged what happened other and cleared the officer who shot babbitt of any wrong doing. some in mccarthy's conference like paul gosar has defended the role and pelosi put out a statement saying it's long overdue for minority leader kevin mccarthy to get off his hands and stand up to members of his party and terrorizing. >> appreciate it. here to russ it and former d.c. police chief dave ramsey and nationa

. ♪ manus: this is "bloomberg daybreak: middle east." our top stories this morning.c scenes, president biden defends his decision to withdraw from afghanistan, but does admit some miscalculations. president biden: i always promised the american people i would be straight with you. the truth is, this

cnn's manu raju is on capitol hill for us. >> reporter: talks are happening behind the scenes to accelerateed to happen potentially over the weekend or into early next week on final passage of the $1.2 trillion bill. this bill is expected to pass. it needs an agreement between the two sides to move up final passage. part of the reason why they have not reached an agreement is that official cost analysis from the nonpartisan congressional budget office has not yet been released. that is expected to happen sometime this afternoon. if it is not fully paid for in the new spending as sponsors have been promising, that could be problematic in getting to a final vote. but in the moment there's optimism in the senate they'll get this through. then the question is will it get to the house. that's a question for the fall. democrats want the larger package out of the house first. so still a lot of hurdles to get through. >> you've also got some new reporting about fears within the gop as it relates to former president trump's choice for senate bid in georgia next year. >> reporter: herschel walker the

manu raju joining us now live from capitol hill.his measure, the latest of many hurdles before the bill becomes law. >> reporter: yeah, and it will pass and the only question right now is how many republicans will join with all 50 democrats to vote to approve this measure and send it to the house where it as fate is uncertain. 18 republican senators to break a filibuster to advance this measure to a final vote. but some republicans who supported this deal have since said they are not supporting this. mike rounds said he would not support this bill. but it won't effect the outcome. this tease of a complicated series of procedural maneuvers that democrats have to form to get this into law. one is the passage of a much larger democratic only bill, a $3.5 trillion bill expanding democratic priorities whether on immigration, health care and climate change. there is a first step in the legislative process to pass that larger bill. that first step is to approve as what is known as the budget resolution in the senate. that is going to tee o

here too walk us through what happens now is manu raju and kate lalyn colins.e bipartisan victory and make the case that the entirety of his agenda is needed? >> reporter: i think what we're going to be hearing is they are working on shepherding this through the senate now and the house, which of course we know house speaker er pelosi has sa they will not bring for a vote until they get that much bigger package as well. what you're going to hear from pr president biden is not only touting that but he's also going to talk about what 's to come. they are well aware of that especially when it comes to moderate democrats like senator joe manchin who is expressing concern about the size of this package. that is going to be something the white house is dealing with going forward. part of what president biden is dwoeng to say soon is essentially why they feel like they still need to get both parts of this together, not just the bipartisan part, because he wants both to achieve his legislative goals. >> man knmanu, what did he tell? >> reporter: he made clear he believ