our thanks to you matthew harrison, for keeping us updated.ustryof biotech research at morgan stanley. tune in next hour on bloomberg tv for an extrusive interview analyst whoerink was critical of astra's news. he does have an outperform on the stock as of today. also, some breaking news. sources tell bloomberg that allies to joe biden have asked lael brainard to remain at the central bank and leave the treasury job for somebody else. these are sources telling bloomberg that allies to joe biden have spoken with lael brainard and asked her to remain at the fed board, not consider the treasury job, that they are looking in a different direction. would besible that she more useful on the fed board. of course, a nonpartisan board. coming up, kyle wailes of smiledirectclub joins to talk about how the pandemic is impacting its bottom line. this is bloomberg. ♪ vonnie: this is bloomberg markets. i'm vonnie quinn in new york. smiledirectclub is up almost 40% this year, giving investors reasons to smile as the company beats earnings estimates and annou

. >> yeah, and by the way, cheap promo, but later on we have matthew harrison on, you will want to hearhat he has to say, that is coming up later on in the show but back to this, we look at the banks, do you have to be a believer that interest rates will continue to rise? we're still under 1% on the ten year do you have to believe that interest rates will continue to rise in order to like the banks or can they succeed even if interest rates get stuck here? >> i think that you have to believe that interest rates will rise over time you know, they don't have to go up today, but it will be tough for them to really get their earnings power back without some sort of rise in rates. again, they work on the spread in a lot of things and they are making up for it in other areas at least somewhat. in the short run, they don't see a bunch of loan losses which if the economy continues to recover, then they probably won't see that either. so that is the short term boost. longer temp boost is that if the economy continues to recover, you will see rates drift naturally higher over time and that will b

harrison. i don't want to go to my thoughts. if it prints 25,000, matthew miller in berlin retires.is a surge. there is a link with real yields. we will see if that holds true. bitcoin up, up, up, confounding goes on the negative currency. i look at the data today, and i really have to go to the persistency of em strength in currencies across the pacific rim doing better. francine: we also have to look at peru and a change in leadership there. withberg continues today the hsbc chief executive. you can watch on all of our platforms. this is bloomberg. ♪ >> we are quite confident in travel recovery for asia. i think asia will be in the forefront because a lot of the markets in asia are already in the green zone. thailand already opening back to chinese passengers. kong also establishing travel bubble. >> we are back in two volume almost to 2019 levels. china'sook at --, florida, business is better there than it was in 2019. that is because people feel it is safe to get back on the road. leisure travel is stronger than business travel but business travelers coming back too. >> we have