terry haines, pangaea policy founder, will weigh in. hopefully he's got a clue to the questions we ask. down 30 on the s&p, negative zero point 7%. yields are lower by three basis points, 1.238 9%. be aware the person that has conviction and confidence about the future. that was philosophical, wasn't it? tom is back on monday. we can get silly again next week. this is bloomberg. ritika: with the first word news, i'm ritika gupta. the u.s. has reportedly stopped processing ipo registrations for chinese companies, according to reuters. the news agency says the securities and exchange commission is working on new guidance to disclose to investors the risk of new regulatory crackdowns by china. president biden's power over vaccinations has had a wall in the fight to curb the delta variant. he ordered federal employees to get shots or face strict public health precautions. he offered ordinary american holdouts $100 for a shot. what happens next in the pandemic is largely out of the president's hands. he says he hopes more employers will requ

that is terry haines, pangaea policy founder.lth to get the view of what is happening here as well. thank you for joining us. when you look at the moves china is making against tech, specifically u.s. listed tech, does this bring into the fore geopolitical concerns? do investors need to be pricing this in? patrick: it is something you've got to be aware of. it has been going on for years, with what the u.s. did with huawei, and you have seen alibaba with their ipo, and didi now. it is something you've got to be aware of. it is something that i don't think is going to change, but i don't think it's got an overarching real risk to the macro back drop and risks to equities as a whole, but more specific stocks. i would not think you would want to be clamoring into any chinese company looking to ipo in the united states right now. dani: besides the individual stock story, when it comes to the overall market, it feels like nothing can derail it. just looking at some bank of america data, the equity fund flow at the current pace this ye

jonathan: we will talk to terry jane's -- to terry haines of pangaea policy about this very issue.longside tom, i'm jonathan ferro, together this morning with romaine bostick. i believe lisa is back on monday. tom: hard to believe. jonathan: getting some sleep maybe next week, romaine? do you go to the gym? romaine: i used to, before i started doing this show. [laughter] jonathan: this is bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. jonathan: from new york city for our audience worldwide, live on tv and radio, alongside tom keene i'm jonathan ferro together with romaine bostick. lisa will be back on monday. here is your price action. up went 5% on the