let's get the first word news with mark crumpton. mark: thomas parikh and u.s. prosecutors have reached an agreement on a bail package that would allow the founder of colony capital and donald trump ally to be freed ahead of a trial on charges that he illegally lobbied for the united arab emirates. the deal was reached ahead of a bail hearing was set for today in los angeles and will court. italian prime minister mario draghi's cabinet has decided what a so-called green pass will be required to dine indoors or enter crowded venues, such as theaters, stadiums, gyms, or museums. the passes are given to people who have been given one shot, have recovered from covid-19, or have tested negative in the last 48 hours. >> the green pass is not an arbitrary matter. it is a condition to keep economic activity open. even in the definition of the parameters the choice was to go normally with many regions in the yellow zone because they would have exceeded the previous parameters, or to introduce the green pass and change the parameters to keep the region in the white zone,

i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 6:00 in london, 1:00 in hong i'm matt miller. welcome to bloomberg markets. bezos blasts into space. we will bring you everything you need to know about blue origin's spaceflight and discuss the investment outlook with dylan taylor of voyager space holdings. and a conversation with the ceo of citizens financial on its latest earnings report, and the tepid loan growth in the second quarter. how will that shape up in the second half? later this hour, we will speak to the former u.s. ambassador to canada as the u.s.-canada border is set to reopen for the first time in over a year. quick check on what is going on in markets. a little bit of a bounce back today after the big drops we saw yesterday. s&p 500 up 1.7%. 4330. since thursday, we had lopped off almost 3% on the s&p. especially younger investors, retail investors coming in to buy those dips, back. the dollar index is up .1%. crude getting just $.74, $67.16. still off of those high

i am mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets.ay at this hour. here are the top stories we are following from around the world. netflix seeing its worst stock decline in three months after a slow start to the year. we break down the company's earning and outlook in today's stock of the hour. also, credentials sell full-service retirement business to canada's lifo for $3.5 billion. we talk with their ceo, paul mahon. we are also discussing the challenges he faces during the recovery of hospitality workers. amber: let's get you caught up on the market action. monday is firmly in the rearview mirror with most of the industries making back almost all of the losses. the s&p 500 now less than 1% away from an all-time high. it is a close cyclical event. that depends on growth continuing at the delta variant fading into the background, energy stocks, financial, material and industrial all leading the way higher on the s&p 500. matt: we do see some movement again today to the risk side in these markets and be continue to see yields bounce

mark: i am mark crumpton with first word news.ernment advisors say england will face multiple quote "major risks" after restrictions are lifted. they include hospitals coming under pressure, a new vaccine resistant variant emerging, and as many as 200 covid-19 deaths per day. here is prime minister boris johnson today. >> this pandemic is not over. this disease, coronavirus, continues to carry risks for you and your family. we cannot simply revert instantly from monday the 19th of july as it was before covid. we will stick to our plan to lift legal restrictions and lift social distancing. mark: the data suggests the picture could be far worse since the public abandoned basic precautions such as wearing face in crowded spaces. world hunger probably surged to a 15 year high in 2020. the united nations says the pandemic occurred access to food and wages. as many as 811 million people were under nourished in 2020. new york city's crowded commutes are thinning as the pandemic changes how many people work. fewer are using cars and mass

mark: i'm mark crumpton with bloomberg first word news.ration is not yet ready to lift restrictions on international travel to the united states. in an exclusive interview with bloomberg television today, transportation secretary pete buttigieg says the date cannot be arbitrary and that it has to be based on conditions. >> we are going to continue to have a strategy led by public health authorities, guided by homeland security, cdc, my department at the table, to reopen travel as quickly and as responsibly as we can. mark: a lot of the timing depends on what is going on with vaccine progress around the world, as well as how fast coronavirus variants are spreading. africa had its worst week since the coronavirus pandemic began. cases jumped 20% over the last seven days. officials say the situation is expected to get worse. the highly transmissible delta variant is now dominating many regions. still, officials say there are hopeful signs vaccine rollout across africa is improving. north korean leader kim jong-un has dropped as many as 44 pou

i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 7:00 in berlin, 1:00 in hong a.m. kong. i'm matt miller. welcome to bloomberg markets. here are the top stories we are following from around the world. u.s. service industries pulling back from a record high. ism showing slides of slowing growth. we will discuss with data peterson -- dana peterson. and we will speak to the founder of next door and khosla ventures , who is taking the company public via a spac. and we have the latest on the virus and vaccine beam we will speak with william moss with the johns hopkins school of health. let's take a look at the markets. equity indexes are down with the s&p 500 off 25 points, 4324. coming down from a record high. u.s. treasury coming down as well. 1.3666 is the amount of interest you get for lending your money to the government for 10 years. keep in mind, that is just phenomenal rate. the real rate minus inflation is almost -1%. dollar index up half a percent. getting some real traction. i

i'm mark crumpton. this is bloomberg. >> it is 1:00 p.m. in new york, 7:00 p.m.n berlin, 1:00 a.m. in hong kong. i'm matt miller. here are the top stories we are following for you from around the world. we've got the latest in what is going on with yields. trading at 131. chief investment officer at commonwealth financial network, the nation's largest privately held registered investment advisor or broker-dealer. and billionaires dissent on sun valley. we will go live to. . join them. the allen company conference in for the latest on the ground. and see what they are doing. we will speak with phyllis newhouse about her company's decision to take solar power start up helio jen public in a $2 billion back deal. first off, let's look at what is going on in the markets. we have had incredible moves today. real yields dropped below -1%. on the tenure. thing about that for a second. in the new yes -- in the new last -- in the u.s. we had stocks down, climbing back up. we had the u.s. 10 year yield down below 134 a bit. now it has come back. still 13170 nine. incredibly

i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 6:00 in london, 1:00 in hong kong. i'm matt miller. here are the top stories we are following from you from around the world. it is a risk off day in the markets. we will focus on the equity selloff and discuss what to expect in the second half of the year for m&a, after already seeing $2.8 trillion of deals this year. stephan feldgoise will talk about that. automaker holley begins trading on the new york stock exchange. we will speak to the ceo about going public, tom tomlinson. later this hour, we will speak to the department chair at the smithsonian national air and space museum about jeff bezos' trip to space and the future of space travel, as well as the future of the industry, which everyone wants a piece of right now. let's take a look at what is happening in the markets. this selloff is a little unusual in that we are seeing drops of about 2% on the s&p, not like what we saw in europe this morning. we saw 3% drops there. may m

mark: i'm mark crumpton with bloomberg first word news.en administration is set to warn american companies of the risks of operating in hong kong. bloomberg has learned those risks include china's ability to gain access to data that foreign companies store there. another concern is a new law that lets beijing impose sanctions on anyone who enables foreign penalties to be implemented against chinese groups. senate democrats are trying to find consensus on president biden's $4 trillion spending plan. the president met with budget committee chair bernie sanders who said "i think we're on the same page." democrats are divided on the size and scope of the president's proposal. it's intended to include a number of social spending and tax like provisions. the united kingdom's international trade secretary is downplaying the hopes of getting a trade deal between the u.s. and the u.k. before the end of the year. liz truss spoke with bloomberg. >> i have never set a deadline for any trade negotiation because the important thing is to get the right d

i'm mark crumpton.berg. ♪ matt: we have been bringing you all the news on the robin hood ipo. we now know they will trade on the nasdaq under h ood. they are putting aside 20% to 30% for their own clients. i want to get back to the crypto story that we cover so often. we welcome frank holmes. hive blockchain technologies ltd where he is the interim ceo and executive chairman. frank, you and i were just talking about sustainable mining. it's been one of the big issues for the crypto world over the past six months or so. you have taken advantage. you have found some undervalued, low-cost sustainable mining sources as a place where you can get the most for your bitcoin for your dollar. >> a trident years ago and realized it wasn't going to happen. -- i tried years ago and realized it wasn't going to happen. i launched, with other friends, hive blockchain technologies ltd . it was the first. it's going to be the backbone of the block chain internet. we started this, we had an est strategy. green only. we ar

. ♪ mark: i'm mark crumpton.resident biden today delivered an emotional and combative speech in defense of broadening the right to vote. he called it a national imperative for congress to pass legislation that would counter new republican loss in several states that curb ballot access. pres. biden: who gets to count whether or not your vote counted at all? it is about moving from independent election administrators who work for the people to polarized state legislatures and partisan actors who work for political parties. to be, this is very simple. this is election subversion. mark: the latest flashpoint in voting rights is in texas where most of the democratic representatives in the statehouse left monday for washington in order to prevent the republican majority from passing new voting curbs. the lawmakers will meet with democratic congressional leaders and vice president kamala harris this week, but they warned they could not stop the republican voting bill indefinitely. people have been killed in rioting in s

. ♪ mark: i am mark crumpton with bloomberg's first word news.resident biden fitted members of the democratic caucus. the get together was the president's first opportunity to make the case for his policy agenda to senate democrats as they work on a budget deal. mr. biden said "we are going to get this done." republicans are leading the fundraising race in their bid to take control of congress. the national republican congressional committee raised $45.5 million in the second quarter, topping the democrats by nearly $9 million. republicans need to flip five seats in the house and one in the senate to claim the majority. the white house says the united states is flipping more than 1.5 million doses of the moderna vaccine to sri lanka. they should arrive on friday. the shots are being sent through the global vaccine initiative for low and middle income nations. italy is banning large cruise ships from venice to protect the site from over there is. the culture minister says the band will take effect on august 1. environmentalists and cultural herita

. ♪ mark: i am mark crumpton with bloomberg's first word news. the u.s.enters for disease control and prevention says it recommends that even fully vaccinated people wear masks in public indoor settings in places where covid-19 is spreading rapidly. the cdc director says this could have been avoided if more people were vaccinated. president biden today was asked whether he would consider making vaccines mandatory for federal employees. >> would you require all federal employees to get vaccinated? pres. biden: that is under condition right now. -- that is under consideration right now. mark: a special house panel convened to investigate the january 6 insurrection at the capital with testimony from four of the police officers overrun by the mob of former president trump supporters, seeking to disrupt certification of the electoral votes from the 2020 election. >> telling the truth should not be hard. fighting on january 6, that was hard. showing up on january 7, that was hard. the eighth, ninth, 10th, all the way until today. that was hard. when defense cam

mark: i am mark crumpton with bloomberg's first word news.g seven 37 cargo jet made an emergency landing near honolulu after reporting engine trouble. according to the faa, the coast guard rescued the two crewmembers aboard. the aircraft which was said to be more than 45 years old experienced engine trouble and was attempting to return to honolulu. german chancellor angela merkel and u.k. prime minister boris johnson are setting an optimistic tone for reopening travel between the countries. speaking in great britain, merkel said the world knows more about the delta variant than it did when germany imposed its restrictions. >> we are reviewing continuously our own travel restrictions. we think in the foreseeable future those who have received double jabs will be able to travel again without having to go into quarantine. mark: the u.k. has been hit

mark: i'm mark crumpton with bloomberg first word news.pitol hill, those talks to come up with a bipartisan infrastructure spending bill i run into a number of obstacles. senate negotiators ended the day still trying to resolve differences over transit funding, water projects, and how much unspent covid money can be used to pay for infrastructure. lawmakers insist an agreement is still possible. the european union is making strides in its vaccination rollout. 70% of adults across the 27-nation bloc have had at least one coronavirus shot. 57% are fully vaccinated. but the eu's chief executive warns member countries must step up their vaccination rates to combat fast spreading variance of the disease. the eu was widely criticized for the slow pace of its vaccination rollout earlier this year. the two careers have improved prospects for a breakthrough in the stalemated nuclear talks. north korea's kim jong-un and south korea's moon jae-in have agreed in letters to restore relations. they released what appeared to be coordinated statements cal

mark: i mark crumpton. -- i am mark crumpton.shot to people over 60 who have been fully vaccinated. that makes it the first country to offer some -- to offer a third dose of the pfizer vaccine to citizens on a wide scale. it comes when infections are rising. neither the u.s. for eq have approved coronavirus booster shots. it is not yet proven that the third dose helps or who needs it when. u.s. senators are looking at cryptocurrency texas as a way to fund the infrastructure plan. the proposal would impose more rules on crypto brokers to report transactions of digital assets to the irs. a summary of the plan says it would brace any additional $28 billion -- it would raise an additional $28 billion. moratorium evictions expire in two days.

mark: i am mark crumpton with first word news.0 people, including journalists and officials will watch the opening ceremony of the tokyo the big games tomorrow -- told of you -- tokyo olympics tomorrow. that number does not include performers and athletes. organizers decided to bar spectators from venues in tokyo because of the coronavirus. australia, whose covid zero approach was once zeke gold standard, has been struggling with increased covid cases. the countries trade minister tells bloomberg that there is a new vaccination push. >> we have supplies coming into the country. we are about to ramp up quite considerably the vaccination rollout. we are reasonably comfortable, very comfortable, that we will have a vaccine by the end-of-the-year. mark: the minister also says australia will work with the united states on global trade

mark: i'm mark crumpton with bloomberg first word news.ntial rain in two western states in germany has caused severe flooding which has caused -- killed more than 40 people. the disaster has affected mobile service and internet connections, and one power provider says around 190,000 people in germany are without electricity. jeff bezos' blue origin picked an 18-year-old student to fly to space with the founder and to others next week on the company's first mission. the company says oliver will be the youngest person to fly to space. an anonymous bidder who agreed to pay $28 million for the seat is said to have a scheduling conflict and will fly later. the newly minted ceo of one of the largest alternative management firms sat down with jason kelly to discuss his vision for the investing powerhouse, pushing the firm into new markets, and apollo's role in shaping the landscape. he also mentioned to of the three cofounders, leon black, who was forced to step down for his association with jeffrey epstein, and josh harris. >> we are in the proc

i'm mark crumpton. this is bloomberg.omaine: at about midnight today, a great column out from john about who killed the recovery trade. this was before we install the yield -- before we saw yield dropped. joe: it's crazy, people buy treasuries and they lose money. at one point today, it was below 1%. now .96. a big reversal. caroline: we have loved losing money on sovereign debt in europe for years now. joe: here to discuss, john, the story, when the reflation story started. spending, recovery, reversing the 40 year bull market and treasury. in the last two and half months, it is all gone. >> it's interesting you frame it around georgia. that may be the single most important factor here. people got very excited about inflation, it is possible this is all been about biden getting much more backing than he was expecting to. and steadily running into trouble, as you almost inevitably expect any present to do when they realize they have overstated the potential fiscal impulse. they overshoot both directions. i think probably,

i am mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m.n new york, i am matt miller, welcome to bloomberg markets. here are the top stories we are following him around the world yet count down to the fed. we are breathing -- previewing the decision and chair jay powell's news conference. we are also going to cover the bipartisan u.s. infrastructure deal and take a look at the stocks moving on the news in our stock of the hour. and we will discuss the state of the spac and ipo markets. kathleen smith of renaissance capital will be one of the first exchange traded funds. let's take a quick look at what's going on in the markets. not a lot of movement on the broader s&p right now. down only by 61 hundredths of 1%. it's more of again if you look at the nasdaq. a lot of the big tech stocks are moving higher. apple is not and that's weighing out, having a barbell effect. the 10 year yield is edging up a little, as is the bloomberg dollar index. you could see the gain up. and of course, trading is a little lighter than usual, typically the trader

i'm mark crumpton. this is bloomberg. ♪ amanda: welcome to bloomberg markets. i'm amanda lang.ailey: i'm kailey leinz in new york. we welcome our bloomberg and bnn bloomberg audiences. here are the top stories we are following from around the world. retail sales in the u.s. surprising to the upside in june. a read on the consumer with stacey widlitz, president of s w retail advisors. blend labs goes public. we speak to the president, tim mayopoulos, from the new york stock exchange. l.a. county tells residents they must wear masks indoors, even if vaccinated. why the u.s. remains a dangerous place for the unvaccinated. amanda: we are seeing a negative day across the markets here today. that is despite the fact that we got that strong read on retail sales. perhaps the michigan sentiment number weighing on things. this has been a week of up and down days as markets hover near records, waiting for the next few weeks a pretty big earnings delivery. there may be a bit of weight and see here. rate sensitive groups leading the declines. kind of quiet on the yield front. 1.29 now, so w

are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ mark: i'm mark crumptonba, the communist government is promising it will learn from the rare mass protests that occurred last weekend. authorities will temporarily ease restrictions on food and medicine imports. thousands of people took to the streets to demand freedom and food. cuba's economy shrank 11% last year. one week from the opening ceremonies of the summer olympics, the governor of tokyo says she sees the virus-delayed event becoming in her words a beacon of hope. covid-19 infection numbers in tokyo this week reach highs not seen for months, but she says japan is ready. >> we are preparing whatever the circumstance is. and the success of the games is largely created by the excitement from the athletes. mark: canadian prime minister justin trudeau says his company will welcome fully vaccinated trav

are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ mark: i'm mark crumptonsident biden spoke with russian president vladimir putin by phone today about ransomware attack's that the united states has blamed on criminals in russia. the white house says president biden told president putin he must take action against cyber criminals acting in his country. when the two met in geneva last month, mr. biden warned mr. pruden about continuing cyberattacks on u.s. businesses and infrastructure originating in russia. in a letter to senators, majority leader chuck schumer says they should be prepared to work long nights and weekends and to cut short their planned august recess. leader schumer is looking to pass both a bipartisan infrastructure package and a budget blueprint that will pave the way for a larger democrat only tax and spending bill. he says committee staff have been working during the current two-week fourth of july break. the centers for disease control is looking to give schools more flexibility when it comes to reopening during the pandemic. in new guid

mark: i'm mark crumpton with first word news.iami-dade county mayor says two more victims have been found at the side of the partially collapsed condo building in surfside, bringing the total number of victims to 20. the collapse happened on june 24. dozens remain unaccounted for. the labor department says employers added 850,000 jobs last month. the president today celebrated the gains. president biden: 600,000 jobs per month, we have now created over 3 million jobs since we took office, more than have ever been created in the first five months of any presidency in modern history, thanks to the work of the entire team. this is a start progress, pulling our economy out of the worst crisis in 100 years. mark: the president says the progress is the result of the american rescue plan. manhattan apartment sales had their highest annual jump in more than 30 years. a report from

i'm mark crumpton. this is bloomberg. ♪ amanda: i'm amanda lang. welcome to bloomberg markets.att: i'm amanda lang -- i'm matt miller. biden targets tech and bank mergers. the president signs and ask -- a sweeping executive order designed to promote competition across american industries. we will discuss with greg valliere of agf investments. we are awaiting comments from the president himself. any moment now he will walk out on the white house lawn and we will go live for full coverage of the speech. plus, the bond rally stalls while stocks stayed a rebound. we discussed markets in preview corporate earnings with david waddell, chief investment strategist at waddell & associates. amanda: we are watching markets put on a pretty positive display here across the s&p 500. broad advances, most of the subgroups in positive territory. only utilities at last check moving lower today. financials rocketing higher p hops -- perhaps because of a possible move in the yield curve. 1.35 should be a big move. almost a 5% swing in the price of treasuries, so we are seeing reaction in parts of