this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg first word news.den administration is looking ahead to its next stimulus package and it will face more obstacles than the one getting through congress without a single republican vote. it will address infrastructure, climate, health care, inequality, and more. but republican opposition to tax hikes will make it hard to pay for it all. the oecd says the u.s. recovery turbocharged by the new stimulus package will help to power a faster than expected global upswing. the report says europe could be left behind. the paris-based organization says it expects global output to rise above pre-pandemic levels by the middle of this year. it may soon be easier for people who have been vaccinated against covid-19 to travel within the european union. the eu will propose a certificate that could ease travel for those who have received the shop.the european commission says the certificate would indicate which vaccine a person has received, the results of a coronavirus test if taken, and details on whether they have re

i'm mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m.n new york, 7:00 in berlin, and 2:00 a.m. in hong kong. i am matt miller. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. goldman's chief lawyer departs as a flow of executives exits continues. is goldman sachs experiencing a brain drain? target and kohl's deliver strong quarters. are we witnessing the possible retail recovery? we will ask tom mcgee, ceo of the international council of shopping centers. puerto rico reaches a tentative deal with creditors. we will talk one-on-one with the governor of puerto rico, pedro pierluisi. an interview you don't want to miss. let's take a look at what's going on in the markets this afternoon. the s&p 500 is down only about .1%, 38963. -- 3896. small caps are coming down a bit harder than the benchmark index for broader stocks. the 10-year yield at 1.4136. people are buying the 10-year, even if jamie dimon doesn't want it, and the yield is coming down. crude hovering around $60 a

mark: i am mark crumpton.nt biden is close to his goal of delivering 100 million coronavirus vaccine shots in his first 100 days. he could happen today, more than a month ahead of time. united states has reached a pace of 2.5 million vaccinations today. the president plans to give an update at 3:45 p.m. wall street time today. italy says it will be getting astrazeneca's covid-19 vaccine on friday. it is the first nation to back off its suspension of the shot since the vaccine got the green light from european union regulators today. the european medicine agency says astrazeneca's shot is safe to use and the benefits outweigh the risks. several countries had suspended its use over concerns of blood clots. the u.s. senate has confirmed hobby of his sarah as president biden's health secretary. the 50-49 vote makes the 63-year-old the first latino to have the department of health and human services. he has been california's attorney general since 2017. he sued the trump administration 124 times on a range of polic

this is bloomberg. ♪ >> i am mark crumpton with bloomberg's first word news .er several disappointing months the u.s. labor market appears to be moving forward . in february u.s. employers added more jobs than forecast . payrolls increases by three entered 79,000 twice what those in a bloomberg survey rejected . the unemployment rates fell to -- slightly fell 2% . the unemployment rate for african americans rose to 9.9% . france is planning to tighten its regional covid-19 restrictions while it tries to avoid another national lockdown, beginning saturday, the calais region will be placed under our weekend lockdown. in the most affected areas the government is strengthening mask wearing rolls and closing large shopping centers. the japanese government is recommending an extension to the coronavirus state of emergency by two weeks, for the tokyo region. restrictions were set to expire sunday. japan is trying to maintain a declining trend in virus infections as

mark: i'm mark crumpton with bloomberg's first word news.vid-19 deaths rose for the first time since january. fatalities climbed by more than 61,000. infections increased for a fourth straight week by more than three million. brazil continues to be the global hotspot, seeing a record number of cases and deaths. eastern europe is also seeing a resurgence. the united states saw cases rise for the week, however fatalities were the lowest since november. boris says the european union does not want to launch a vaccine battle despite the warning is set to restrict exports of coronavirus shots to the u.k. the prime minister says vaccine supplies is vital because immunization programs require countries to work together. prime minister johnson: i am reassured by talking to them that they don't want to see blockades. that's very important. mark: prime minister johnson was speaking after the eu sent out plans to restrict the exports of vaccines and components to the u.k., a step companies have said does not meet obligations to the block. russian presid

i am mark crumpton. this is bloomberg. ♪ >> -- matt: we are joined now by audiences. are the top stories. it just a moment, you will hear from amanda's interview with mark carney, a key player in this year's global climate talks per they will focus on that. u.s. mortgage rates are on the rise after a year in which saw dramatic increases. and, the return to the office. we speak to we work's ceo about the company's partnership with new york city to foster a flexible return to work. amanda: there may be a lot of uncertainty in these markets today. kind of a mirror of what we saw yesterday. tech moving higher, but not widely. as close to flat as you get. energy and financials are week. tech and communications doing ok. you can see toronto being weigh ed down. waiting for jay powell and any comments he may make in the q&a tomorrow about guidance on action on inflation. there are fears and updated thinking based on new economic data. all of that is in the mix for markets as they move sideways. the former head of bank of england and bank of canada mark carney has been vocal

i'm mark crumpton. this is bloomberg. amanda: i'm amanda lange. welcome to "bloomberg markets." >> i'm matt miller. we are joined by our bloomberg and bnn bloomberg audiences. here are the top stories we are bringing you from the bloomberg terminal. the u.s. house moments ago started voting on president biden's plan, $1.9 trillion stimulus package. we will bring you the latest. we will speak to david rubenstein on stimulus as well as inequality and his exclusive conversation with world bank president david malpass. we will hear from the cofounder and ceo of 3d printing -- printer manufacturer desktop metals which went public via a spac. our guest joins us later this hour to talk about that. amanda: we have been watching these markets today, it is a very interesting day for stocks. there is a lot going on. the stimulus checks that will happen on the others of the vote in congress is a reminder that gross stocks will do well here. the stimulus will work its way through these markets and yet we are seeing these advances without the big leaders. apple

mark: i am mark crumpton with first word news.dent biden will divide his next government spending push into two programs. the president will outline a plan focused on infrastructure and jobs this week. the white house spokeswoman says the second proposal would focus on childcare and health care programs. that will be released in april. the white house is extending a federal moratorium on evictions for tenants who cannot make their rent due to the covid pandemic. the centers for disease control and prevention moved to the protection which had been scheduled to expire wednesday. the moratorium has now extended through the end of june. last month the president extended a ban on housing foreclosures to june 30. according to u.k. government data, the financial capitals hit hardest by covid-19 are pulling ahead in the race to vaccinate residents. london is outpacing its peers with about 30% of residents having received at least one shot, compared to 23% of residents in new york city full-time meanwhile, asian hubs, which have reported f

this is bloomberg. ♪ mark: i am mark crumpton.sill says it is being transparent and auditors and advisors approved asset classification. this comes after reports that germany's financial regulator is close to freezing payments at their bank. this is an arm of green silk capital -- greensill capital. it is so depositors and creditors get as much money back as possible. federal health officials are urging texas and mississippi residents to keep wearing masks despite the fact that governors are lifting covid-19 restrictions. the centers for disease control and prevention says it is premature to abandoned mitigation efforts and that the virus can still erupt again. here in new york, governor cuomo is speaking to reporters. the governor, and battled in his tenure in the wake of allegations of sexual impropriety. here is governor cuomo. gov. cuomo: i never knew at the time i was making anyone feel uncomfortable. and i certainly never, ever meant to offend anyone, or hurt anyone. or cause anyone any pain. that is the last thing i would e

i'm mark crumpton. this is bloomberg. >> it is 1:00 p.m. in new york, 6:00 p.m. in berlin and 1:00 a.m. in hong kong. welcome to bloomberg markets. here are the top stories we are following around the world. fed chair jay powell and u.s. treasury secretary janet yellen just wrapped up their testimony to the senate banking committee. we dig into their comments surrounding inflation, jobs, and support for the recovery. plus, you will hear from the intel ceo on his plan to spend billions on reviving manufacturing in the u.s. wall street analysts are wary of that strategy. we will talk to one of the foremost experts on infrastructure, the former world bank economist joins us to talk about president biden's multitrillion dollar economic plan centered around building and boosting infrastructure. let's take a quick shot of the markets. i put the dow and the nasdaq on here. jon ferro would not be happy with me. i let the s&p off. it is just not moving as much as the other two. the old economy is up 0.8%. the nasdaq 100 is down 0.8%. a real divergence in the market illust

i'm mark crumpton.is bloomberg. ♪ >> welcome to bloomberg markets. >> we welcome our audiences. here are the top stories. the bond rout reignite the economic reopening trade is back in full force. we will bring you the latest on the selloff in treasuries. plus, we will speak to one of the most well-known dispute resolution attorneys in the world about compensating the victims of covid-19 and we will discuss the vaccine rollout with the ceo of a biotech company. a lot going on. we have a jampacked half-hour. amanda: markets may well be preoccupied with the yields today. it is one of the factors out there. you're not seeing massive momentum in any one direction. slightly negative in tone is how you might describe some sectors. utilities are dragging this market down and tech is not helping. you can see the nasdaq is down. the 10 year plus the five-year is the real newsmaker as it popped a little bit as well. it is closely watched. that is rattling some investors who have rotation in mind. question we have

mark: i'm mark crumpton with bloomberg's first word news.op level review following the right at the u.s. capital for security improvements. house members will receive closed-door briefings today. recommendations include hiring more capitol police officer's, improving the intelligence capability and upgrading fences and surveillance. the u.s. supreme court has refused to consider former president trump's challenge to the presidential election results in wisconsin, rejecting the last remaining appeal that sought to overturn president biden's victory. the decision came without comment or published dissent. it follows the court's rejection last month of a group of appeals that sought to reverse mr. bidens when in wisconsin and for other states. the philippines expects to receive 20 million covid-19 vaccine doses by july. so far, 1.1 million shots have arrived. the government has administered about 45 -- 44,000 doses in places outside the capital region. new cases reported exceed 4000 -- 3000 for a fourth plate -- -- 3000 for the fourth day. the

i am mark crumpton. ♪ >> welcome to bloomberg markets.welcome our audiences at this hour every day. here are the stories we are following. the reflation trade boiled global markets. we look back at the quarter that was as asset classes adjust to the u.s. economic recovery. in a few hours, president biden set to unveil his $2.25 trillion infrastructure package. we discuss what is in the plan with nigel wilson. and, we talked to kimbal musk, brother of elon about how e -- he is tackling food insecurity. a big issue for urban areas. kimball is trying to do something about it. amanda: we are watching a little bit of a reversal back into growth. have leaders of the market in favor today. the groups that make up the tech discrimination -- you can see the nasdaq a 2% move. apple up 1.75%. that will give strength to markets. we are seeing weakness in an are space on both sides of the border, having a more depressive effect in toronto where the group carries more weight. one potential culprit, the 10 year yield. we are talking a lot, for what it i

i'm mark crumpton. this is bloomberg. amanda: welcome to bloomberg markets. matt kohler i'm matt miller -- matt: i'm matt miller. here are the top stories we are following. the spac boom has hit markets over the last year, but not many have been led by women. phyllis newhouse is looking to change that. she joins us to talk about her own spac that she launched this week. plus, my conversation with the ceo of porsche who tells me how the semi dr. shortage -- how the semiconductor shortage is affecting his company. bitcoin rising. we will speak with the ceo of where the largest and oldest bitcoin minors. amanda: that is one place we have seen continued interest, even as bitcoin sells off. we do have support out there. the s&p 500 and positive territory. judging from the nasdaq, it is bouncing that tech is doing ok today. it is not the leading group. energy is strong, communication strong. the weakest spot our financials, would you might expect after a change from the federal reserve and jay powell's signal he would announce the change to the supplementary ratio.

i am mark schwarz, this is bloomberg. -- mark crumpton. bloomberg. ♪ >> welcome to bloomberg market,. i am mendy. matt: and matt miller. we are joined bureau other bloomberg and bnn bloomberg audiences. let's get the top stories for you all from around the world. in just a few moments we are going to hear from jpmorgan's c.e.o., jamie dimon, in an exclusive interview with his insights on wal-mart's efforts to take on wall street and the future of traditional banking. also, what does the new urban economy look like? we are going to bring you live coverage from bloomberg's citylab summit. we are going to hear there from vice president kamala harris and fed president from france, mary dailey. >> we are keeping an eye on the markets here, where although many of the elements that were in place last week remain the same, we are seeing a big reverse alt in trading. it is a risk-on mentality and you have a very broad-based event. every group moving higher. some of those beaten up last week gaining this week. the energy sector is up again. names li

i'm mark crumpton. this is bloomberg. >> welcome to "bloomberg markets ." >> we are joined by our bloomberg audience and vice versa, thank you for having me in your home and office. let's get you the top stories from around the world. first, treasuries tumble, the 10 year yield leaves above 1.64% to its highest level in a year, the move after inflation expectations rise to a seven-year high ahead of next week's fed meeting. a bloomberg exclusive, finance, the largest cryptocurrency exchange being investigated. we will talk about this story with a former senator who joins finance as an advisor. and called in the middle of an activist fight, an investor group -- we will speak to one member of the group. an exciting and action-packed half hour. amanda: you could say the same for the markets, certainly a little bit of a swing here but the story is all about the yield and specifically that 10 year treasury. there is a look across the markets. the tech doing the worst, growth momentum stocks faring the worst.

. ♪ mark: i'm mark crumpton with your "first word news." the u.s.ket appears to be moving forward. in february, employers added more jobs than forecasted. payroll increased by twice what economists expected. the economic recovery is not even the unpleasant rates for african-americans rose to 9.9%. republicans are threatening to stretch out the process to pass the stimulus legislation for several days, after the senate formally agreed to take a president biden's coronavirus relief will. senate republican ron johnson is demanding the entire bill be read out loud. that could take 10 hours. >> it seems the only group that opposes the bill are republicans here in washington. it is confounding the matter how long it takes, the senate will stay in session to finish the bill this week. mark: if democr

i'm mark crumpton. this is bloomberg. >> welcome to "bloomberg markets ." >> we are pleased to welcome our bloomberg and bnn bloomberg audiences. another day and still no movement at the suez canal, the block stopping a vital avenue from -- for global commerce, the attempt to reflow to ever given. plus, the fec takes a closer look at spacs, we will discuss the inquiry into the market for blank check companies and one year into working from home. we will speak to the ceo of prezi about the company's growth during the pandemic. amber: let's take a look at the markets ahead of all of that. boyd to end the week on a high note, a strong rally -- poised to end the week on a high note, a strong rally. tech stocks helping to lead the gains on the s&p 500. the best day in a couple weeks for the s&p 500 since march 11. there is the impact on that suez logjam on the price of crude oil. you can see brent prices rising about 4% right now as we see that container ship jamming the suez canal, that is about $10 billion

i am mark crumpton. this is bloomberg. ♪ >> and from bloomberg world headquarters in new york, i am joe weisenthal. romaine: i am romaine bostick a, caroline hyde is off today. the dips came back into treasuries and stocks. joe: the question is, "what'd you miss?" romaine: the tech stock decline takes a break at least for one day. the bank shares lower in the session as a u.s. central bank denies a request from wall street to extend release of the slr, the sub lament three leverage ratio. s&p and the nasdaq 100 snapped back. and we had quadruple witching which i am told is triple witching, but we will call it quadruple witching for reasons that i am not quite clear. joe: i don't know why it is witching, because it is never that weird. it is literally the quietest day all week. a dramatic weak overall with volatility especially the last couple of days in the wake of the fed and we do seem to see this phenomenon by and large i've tech that had been leading really moving inversely to treasuries over the las

i'm mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york, 7:00 p.m.n berlin, i am matt miller and welcome to "bloomberg markets" we are awaiting a 30 year treasury option right now, and demand for this 30 year issue can provide confirmation about whether the supply pressures we witnessed at the end of last month with the three year auction were a temporary issue rather than the starting gun for a protracted, bearish trend. we are now seeing u.s. 30 year bonds drawing 2.29%, with a high of 3.6%. that's about level with the yield we saw before the auction. in terms of indirect bidders, we are seeing 60.6% going to indirect bidders, 19.2% going to primary dealers, and 20.2% going to the direct bidders. the indirect bidders are an indication for the international demand, 60.6% again of these going to indirect bidders. strong international demand for thear treasuries. you can see the yields now. we will show them again. with the market check, the equity indexes are rallying. the s&p 500 rising more than 1%. the nasdaq up more than 2%, 2.6% right now. and w

i am mark crumpton, this is bloomberg. ♪ ♪ >> welcome to bloomberg markets. we are joined now by our bloomberg and bnn bloomberg audiences we want to bring you the top stories from around the world on the bloomberg terminal. fed chair jay powell failed to push back against the recent run-up and yields, only saying he is monitoring financial conditions and would be concerned by disorderly markets as a result, we sought yield spike. after those comments, the 10 year treasury rose to 155 and is now coming a little bit lower but still holding over 150. a number of other huge moves including the s&p 500 falling more than 1.6%, wiping out its gains for the year. amanda: of course, the market reaction to powell's remarks is really the story. it had been kind of quiet leading into it and we see a big turn to the negative. a one month decline for the s&p 500 and the nasdaq erasing gains for the year and now flirting with a 10% decline off its high. we see a similar story in toronto as well. one pocket of strength is thanks to opec holding true on its output levels is

mark crumpton joins me in singapore to take us through all the market action.ust less than an hour away. here are headlines. the nasdaq bounces back amid a move lower in yields. growth tied to tesla leads the way with a 20% jump.

i am mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york, 6:00 p.m.n berlin, 1:00 a.m. in hong kong. i'm matt miller. welcome to "bloomberg markets." here are the top stories we are following for you from the bloomberg terminal. less than 60 minutes until the next fomc -- less than 16 minutes until the next fomc decision. treasury yields at pre-pandemic levels. speaking of anxiety, reopening schools. how do educators feel about getting back into the classroom? i will ask the president of the national education association, the largest teachers union in the united states of america. and investing in ireland on st. patrick's day. we ask why countries should be on the emerald isle. we will talk to them and making the sales pitch, my conversation with mark shanahan, the ceo of iga ireland. we will look at what the markets are doing. in terms of the equity indexes, we have seen the major benchmarks swinging back and forth between gains and losses. at least the dow jones industrial average. the s&p has been down for most of the session about half a percent.

mark crumpton joins me in singapore to take us through all the market action. cash trade is just less than an hour away. here are headlines. the nasdaq bounces back amid a move lower in yields. growth tied to tesla leads the way with a 20% jump. biontech and pfizer could produce 3 billion vaccine doses next year as countries raise to reopen. we bring you our conversation with beyond tech's ceo. -- biontech's ceo. and a start up giving access to 150,000 surveillance cameras, some belonging to the likes of tesla. locum to the european market open. it is just beyond 7:00 here in london. it is a little bit later than that in singapore. paul joins us with the benefit of his experience over the last few hours and years. what is it in the asian session that has been catching your eye? what are the markets saying to you today? >> the price action is very negative. the losses on your monitor are actually quite small. the fact is chinese equities are barely eking out again. futures are slightly down. equities are softer, and we are seeing commodities slightly down across