heard from quinn.y? >> my name is quinn gray, and i was kidnapped. and i'm not sure where i am right now. >> it was quinn. >> okay, what's happened? >> she was free. >> i need you to take a deep breath, okay? >> i was kidnapped on friday. >> shaken and in tears, when said she was just dropped out of a white van and was now standing near a mall shopping center in front of a restaurant. >> i've got somebody on the way, okay? >> okay, thank you. >> they headed to queens location while she stayed on the line with 9-1-1. >> i was in a room, i don't know, like a warehouse or something i was tied up to a chair, with ducked a pin ties. you have no idea what i just went through. >> i cannot imagine and i'm so sorry for you. >> deputy trend was one of the first to find her. >> she was acting very erratic, was flailing around and was yelling on her cell phone. >> quinn was brought to the fbi's jacksonville's office where her mom and brother in law met her. and it is not quite the joyful reunion you'd expect? >> a

on vonnie quinn. cache i am vonnie quinn. -- i am vonnie quinn. this is bloomberg.deral reserve's latest ability report is waving a red flag on the increased vulnerability of asset prices amidst fresh valuations and high corporate indebtedness. kathleen hays is here with a message from the twice yearly report. why is the fed worried about financial instability? kathleen: for the same reason a lot of investors are wondering how long stocks can continue to rally as the fed buys bonds, if the fed keeps rates near zero. this is the kind of concern investors have had for a while. a no-brainer, the board governor is the head of the board's financial stability committee. they put out this report twice a year. here's one of her most important statements, she issued her own statement alongside the fence report. the combination of stretched valuations with high levels of corporate indebtedness bear watching because of a potential to amplify the effects of a repricing event. i guess a repricing event is when people say, may the stock valuations are too high, i better sell some

i will talk to the washington post sally quinn for so long a symbol of dc social scene with husband bencalls all the glitzy parties a waste of time. the house passed to create the january 6th commission as kevin mccarthy said other investigations would achieve the same goal. >> those who participated and caused it should be held accountable and we secure this capitol and we don't play politics. i just think that a pelosi commission is playing politics. >> lead pipes across the head and we can't get bipartisanship. what else has to happen in this country. >> the pundits are at war and piling on mccarthy. >> why are they against it? because it's a farce, it's a complete farce. it's partisan, that's how. it's fake. don't play along with the fraud. >> whatever courage and leadership mccarthy showed that day, now appears gone. overtaken by cynical political calculation. never even really tried to hide very much. >> the same guy who was essential to shaking benghazi leads. now not so interested in investigation. per i was one of the first people to call for a commission but after watching the

and not that quinn would care because all she cares about is herself. >> zoe: um, you know, brooke, quinn i are friends. >> be:

that's get to vonnie quinn -- let's get to vonnie quinn. vonnie: joe biden ordered u.s. intelligence to increase efforts to determine the origins of the coronavirus. in a statement, he said a report from the intelligence community was divided on whether the virus came from animals or a laboratory. biden said there was not enough information to make a confident assessment. the trial of an australian writer accused of spying in china is set to start thursday. she was arrested in 2019 and could face three years to life in prison. the foreign minister has complained about her treatment. in comments, beijing's industry -- relations have soured since canberra called for an inquiry into the origins of the pandemic. boris is facing a barrage of criticism from his former chief adviser. during seven hours of testimony to mp's, dominic cummings laid out what he said was a disastrous handling of the pandemic. he called him unfit for the job. >> in any sensible, rational government, it is completely crazy that i should have been such a senior position in my personal opinion. it's jus

i am vonnie quinn. this is bloomberg.yesterday, china releases data, and what it says about the uneven economic growth, and the northeast part of china is struggling to keep pace as you can see here. we will unpack it for you guys in a couple of minutes. this is bloomberg. ♪ david: welcome back. do you are watching bloomberg markets: china open. we are going to talk about people now. the sensors that china released yesterday, painting a picture of a nation struggling with population growth, but also rise in terms of the urbanized educated population. so different angles and different aspects of the story. and breaking down the numbers, a story on the bloomberg and online. james, let's start with the disparity across the country, what are we seeing? james: you are seeing a continuation of the demographic and geographic changes that have been going on. the northeast is struggling, the population fell almost 20%. massive decline of the population. and then we saw a 21% increase in the region where the real tech and industria

i am vonnie quinn, this is bloomberg. yvonne: still ahead on bloomberg markets: asia, exclusive for the ceo of new zealand based company . he joins us to discuss business sentiment during the pandemic. tom: next, we dig deeper into the inflation debate and what it means for asian economies. this is bloomberg. ♪ >> my baseline, i expect inflation to turn to, or perhaps someone above are 2% long goal in 2022 and 2023. >> this is a time where i expected to be a fair amount of volatility and inflation. >> we need to expect surprises because economy closed it down in synchronized manner, but it is reopening in stages. >> the market is challenging the fed's presumption that inflation is a transitory. >> the fed and others have rested a lot on inflation expectations being anchored. this is the type of thing that is going to start to move those inflation expectations. tom: some reactions we hurried to the u.s. cpi data. yvonne: let's assess all of that, the impact of the rising inflation numbers and joining us is the senior asian

i'm vonnie quinn.his is bloomberg. ♪ haidi: we will have more on how the taiwan travel and tourism sector is faring amid the pandemic. we talked to silk hotels executive chairman stephen tan. yvonne: plus, more investment insight from the stone conference. sixteenth street capital founder rashmi kwatra joins us next. this is bloomberg. ♪ ♪ haidi: the sohn conference in hong kong has wrapped for another year, one of asia's biggest event spirit sophie kamaruddin is standing by with one of the speakers to discuss her picks. sophie: we are joined by rashmi kwatra, founder of sixteenth street capital, joining us from singapore. adrs jumped nearly 9% on thursday, trading at 246, we saw 280 earlier this year. you are predicting the share price could triple in 3-5 years. which business in the portfolio offers most growth potential -- most growth potential for the company? rashmi: the largest value in the next three years will come from e-commerce shopping, still to be most profitable. sophie: revenues more tha

let's get to vonnie quinn. vonnie: jerome powell has announced a forthcoming report on the u.s. -- he wants the bank to wait a leading role in developing international standards and how do currency it would fit into the u.s. system of banking currently. powell says any currency should replace -- comp might not replace cash. >> this is an important issue. before making any decision on whether how to move forward with this. vonnie: president biden has signed bipartisan legislation to combat anti-asian hate crimes that raised sharply during the pandemic. the bill pays for states to report incidents and wants to help law enforcement with the justice department overseeing the response. another overacted -- overactive a mentor hurricane system, more than 20 main storms could impact the region after a record in 2020. the gulf could see 14 record stores. records last year driven by climate change drove an all-time high of a budget storms that killed more than 400 people. global news 24 hours a day, on air and on bloomb

i'm vonnie quinn. this is bloomberg. david: coming up, an exclusive interview from the chamber of commerce in china. that's about 30 minutes from now. monday saw the widest discrepancy with market expectations. will beijing send a stronger signal? and futures are pointing down, shanghai, shenzhen and hong kong just a couple of minutes away. this is "bloomberg markets: china open." good morning. ♪ >> copper is the new oil. it strategically the most important commodity because if you're going to electrify the world, copper conducts electricity better than any other element. >> up 27%, an amazing stat for the year. >> we've seen a sharp price -- rise in prices. people are not concerned about the future. >> the market needs a new catalyst to keep that momentum going. i'd be slightly concerned as we move through the summer months that we need to see this momentum keep going. >> it takes many years to build new capacity. you can't just depend on tax to increase demand. that something the world is going to have to get used to.

i am vonnie quinn. this is bloomberg. >> still ahead, emerging-market rally, but investors are more selective. we will discuss the bigots pockets of opportunity. plus, a japanese paper company says would could replace a component in electric batteries. this is bloomberg. ♪ ♪ >> emerging markets, investors turning more selective, the impact of covid and inflation. joining is now is our guest. great to have you. how much appetite is therefore emerging markets now? >> it depends on who you ask. we deal with institutional investors. they are employing through chief investment officers. those managers are overweight emerging markets now. >> what are some of those reasons? >> valuations are more attractive in the emerging-market space in the u.s., especially as you look at the growth indices. on the other front, you have this expectation that this emerging middle class in india, china, indonesia, 30, 40, 75% jumps in the middle class. then, earnings growth for 2021 is stronger in emerging markets then develop

i am vonnie quinn. this is bloomberg. shery: breaking news on the bloomberg. we are hearing that kkr has amassed about $18.5 billion for their latest flagship north america private equity fund. that will be raising their biggest ever fund in less than five months. they are citing people familiar with the matter. this is quickly by industry standards and underscores investor demand for private equity funds that promise to outperform the booming stock market. kkr raised about $17 million for kkr north america fund 13 from investors, including sovereign wealth funds. let's turn to the markets with sophie kamaruddin in hong kong. sophie: heads up this tuesday, japan off-line for the golden week break, and chinese markets closed along with thailand this tuesday. ahead of the rba policy decision, no change expected, the aussie dollar holding steady, the forecast along with inflation, it will be washed when it comes to the rba update. we will also be watching for korean inflation data, likely to see a pickup in consumer prices.

i'm vonnie quinn. this is bloomberg. haidi: still ahead, blockbusters likely had another week showing at the box office. coming up next, the market outlook for capital management, tells us where she is looking amid elevated valuations of inflation. this is bloomberg. ♪ >> gold has been the primary asset of that kind for a long time. and, i think crypto has a chance of becoming an agreed form of people who are looking for safety hold well in. my guess is that crypto is here to stay. and probably here to stay as a kind of digital gold. >> bitcoin as the new digital version of gold has been rallying. i think bitcoin will surpass gold in three or four years. shery: reagan on the future of bitcoin. has been a roller coaster ride in the cryptocurrencies base, that has led to more volatility space and greater inflation risks. let's bring in a partner and portfolio manager at capital management. would you make of those comments about digitalglobe -- digital gold? we even have skeptics thing they are not investing yet but there c

i'm vonnie quinn. this is bloomberg.i: we do have another alert on the bloomberg, watching into the start of trading in sydney. a merger to create two independent exclusive companies announced, saying the demerger when it comes to endeavor is preferable to all other options being considered. it will happen by distribution of endeavor shares and eligible shareholders will receive one endeavor share for every shell hurled thing -- shareholding woolworths group. they plan to spin off the drinks and hospitality business of endeavor in june. bloomberg intelligence suggesting that could offer significant re-rating opportunities given we have seen the likes of others go through the same kind of model. we will get you more details on that of course as the story develops. kathleen: busy, busy, busy as the asian trading week gets underway. another big story. more than half a million people in the u.s. have officially died from covert. however, president biden's top medical advisor anthony fauci says the true toll is probably highe

i am already quinn -- vonnie quinn, this is bloomberg.ry: the plans to clean up the balance sheet baffling investors. how they will test china's debt ridden financial system and the investors and banks caught in the middle. over the weekend, we heard from one person pretty knowledgeable about these things saying that we are talking about it too big to fail scenario. >> we had the editor coming out saying that he had the possibility for bondholders it is highly unlikely. initially it was one of the first ever local media reports to comment on the possibility of a financial restructuring at the firm. >> that was editor rebecca choong wilkins with the latest. a lot more analysis up ahead. bitcoins extreme volatility could weaken traders on a roller coaster ride. elon musk weighing in on twitter saying that the true battle is between fiat and crypto and that he supports the latter. but galaxy digital ceo with a chance to buy the dip, he spoke with tim stenovec and the cohost. >> crypto at its core is about remaking financial infrastructure an

let's not get to vonnie quinn. -- let's now get to vonnie quinn with the first word headlines. first word headlines. president biden says there is no evidence russia is involved in the ransomware attack has a bold the colonial fuel pipeline, but the president says the perpetrators may be based in russia, so moscow bears some responsibility. colonial says it expects the pipeline to be viable again by week's, but the shutdown is prompting frenzied moves by traders and retailers to secure alternative supply. >> over the weekend at my direction, the department of transportation issued an emergency order to loosen restrictions on truck drivers in order to allow more fuel to be transported by tanker. we are prepared to take additional steps, depending on how quickly the company is able to bring its pipeline back to full operational capacity. shery: sources tell us the u.s. is planning a summit with companies impacted by the global chip shortage, including intel, samsung, and amazon. commerce secretary will convene the meeting may 20 to discuss ways to bring together chip suppliers an

i am vonnie quinn.he vaccination rate in hong kong is lagging other financial hubs like singapore and new york despite relatively few cases. that could erode the city's competitiveness and permanently change the course of its future. bloomberg's annabelle droulers reports. ♪ >> fewer than 15% of people have had their covid shots in hong kong, and that has the business community worried. >> other areas of the asia-pacific region, including singapore, are moving ahead. >> hong kong can fall behind if it doesn't do that. >> quarantine measures are among the strictest in the world, which is a major issue for ex-pats, who have gone months, even years without seeing loved ones. >> it becomes a factor in mood. it starts to make people wonder if they are going to be stuck here and whether it is actually worth it. >> relocation agency asian tigers, is recording fewer international arrivals. >> we are 60% down on the number of inbounds. that is very dramatic. . >> prompting calls for more guidance from the govern

i am vonnie quinn.his is bloomberg. shery: still ahead, the u.s. secretary of commerce is pledging to do all that is necessary to protect american industry. our interview with gina raimundo's next. don't miss two more interviews. we will hear from salesforce. this is bloomberg. ♪ ♪ haidi: u.s. commerce secretary gina raimondo says the u.s. could build six or seven semiconductor plans to help combat the global chip shortage. she spoke with bloomberg technology anchor emily chang. >> it's an economic security problem, and national security problem, and i have to say thank you to everyone that we have been engaged with. they have been great partners. and this will require public-private partnership. we can't do it -- government can't fix this problem alone. the private sector needs to be there and i think they will be. emily: gm announced it is restarting production at several plants that had been idled. meantime you had covid cases rising at taiwan, the heart of the semiconductor industry. will that impac

>> quinn: about shauna and-- and carter? >> zoe: yeah. i mean, you guys are really close friends. i mean, i've been sending you

i am vonnie quinn. the u.s.we impose sanctions on nine state owned enterprises in belarus. the president says -- and all trading platform. the white house as it was working on penalties tolerating belarus's government after it forced on every on their passenger jet and arrested a journalist critical of the country's president lukashenko. president biden is set to raise human rights when he meets president putin in geneva next month. tensions between the u.s. and russia remain high. the u.s. claims russian-based hackers or cyberattacks in the u.s., though biden as stopped short of accusing the president of the colonial pipeline that. washington is also condemned rush's support of a belarus after the fourth lending of that flight. new data show u.s.: desk fell over the weekend to 362, the lowest in 11 months. bloomberg figures showed the u.s. added slightly more than 12,000 new cases, the fewest since the early days of the pandemic last year. that's one covid-19 i've declined consistently since late february as va

i have the -- i'm vonnie quinn.s fully vaccinated people can stop wearing masks outdoors and indoors. it is the most significant shift since the start of the pandemic. the cdc cites growing evidence of the efficacy and protection offered by vaccines. it recommends masks on planes and for those not fully vaccinated. >> anyone who is fully vaccinated can participate in indoor and outdoor activities, large or small, without wearing a mask. if you are fully vaccinated, you can start doing the things you stopped doing because of the pandemic. we have longed for this moment, where we can get back to normal. >> the philippines officials say the economic hub of nearby areas was shifted to the second tier of restrictions. the philippines suffered a larger than economic attraction earlier. the european union accusing russia of gradually trying to take over eastern ukraine. the eu says kremlin tactics was issuing reports to locals. global news, 24 hours a day on air and on bloombergquint take powered by more than 20 700 journa

on vonnie quinn. this is bloomberg.s closer to rolling out the first sovereign currency, speculation has reached fever pitch. let's cross over to our shanghai bureau chief. charlie, i guess some are glad to see it not having an impact so far? >> you're right. people are not hugely interested at the moment based on our reporting, people -- participants of the trial currently in the seven city of shenzhen were interviewed and showed little interest. there is a lot of reason for that such as views of we chat payments, the apps that currently account for the majority of the country's payment system. there are also concerns about privacy issues. they are afraid the government might use that to do surveillance on them. for business, that is also a problem because they don't want the government to monitor their performance. because they are in competition with state owned enterprises in the country. haidi: is that lack of trust something that could be a problem for progress being made in the digital currency? >> yeah, the pboc

i'm vonnie quinn. this is bloomberg. shery: coming up, we have an interview with the ceo of electric carmaker, after it announced a capital spending point. this is bloomberg. ♪ shery: fisk are falling after hours as it kept its forecast study. that paired some of the gains -- gains from the regular session. it is planning a new factory in the u.s. as part of its joint project with foxconn. ed ludlow is in san francisco with us with a special guest. ed? ed: i'm delighted to be joined by the ceo, henrik fisker, fresh off the earnings call. the biggest take away from that call was you gave a specific date to the start of production are november 17, 2022. how can you possibly know when your start of production date is coming down to the day, 18 months in advance? henrik: because that is how you plan with the -- when you work like a company like this where all the processes have been developed over tens of years. it produces bmw's, other cars like toyota. they have clear processes. we have it down to the day when start of pro

>> quinn: oh, nothing. shauna and i, we were just catching up on some girl talk. >> eric: i heard what you were saying, that you wouldn't allow one evening to spoil our marriage. what does that mean? what happened while i was gone? ♪♪ >> brooke: the media blasts look great. i'm sure eye on fashion is gonna wanna sit down. >> flo: uh, katie already reserved a spot for hope. >> brooke: wonderful. well, thank you for updating me.

i am vonnie quinn.is bloomberg. ♪ shery: top diplomats from g-7 nations laid out a laundry list of concerns that will get under china's skin. they called out alleged human rights abuses, beijing actions on taiwan and incursions in cyberspace. markets coanchor tom kenzie joins us from aging. sounds like china was a central focus of the g7 communique? tom: foreign ministers also took a shot at russia, that was a big part of the statement as well, what they called an attempt to undermine democracy with the treatment of opposition leader alexi navalny, anti-putin later alexei navalny. but china was a major focus of the g7 leaders in the communique. what they called on china to do was participate constructively in a rules-based international system. but it was the specificity of the communique on issues like human rights abuses that will come as you say, likely ire beijing. we are still waiting for the response the communique called out human rights abuses as they characterize them in to bet and another plac

. -- vonnie quinn. group issued a list of grievances including over taiwan and beijing's treatment of uighurs. the chinese foreign ministry urged western nations to stop interfering in other country's national effect -- national affairs. beijing halted an economic dialogue with camera and blasted new zealand over accusations of human rights abuses. the u.s. is boosting security assistance to ukraine to help counter what it calls russia's aggressive and destabilizing actions. secretary of state's's antony blinken met with ukraine president and called on moscow to end attempts to force troops to ukraine's border. blinken says the tripped served as a u.s. commitment to its partnership with ukraine. the pentagon says the fall of the u.s.-backed government is in place in afghanistan and it is now inevitable when american stroop -- american troops withdraw. while a resurgence to the taliban is not a foregone conclusion, the u.s. is looking at ways to continue training forces in third country locations. presid

i am vonnie quinn. this is bloomberg. haslinda: still ahead, japan's economic recovery stalls, new restrictions to contain the coronavirus. we discussed the major data and outlook with fujitsu. yvonne: up next, as covid infections surge in taiwan, we speak to the official at the forefront of the islands response last year and sars back in 2003. this is bloomberg. ♪ yvonne: taiwan was a global success story during the pandemic, but now it faces hundreds of untraceable infections. take a look at this chart. more than 300 cases yesterday, record numbers. let's bring in our guest, the former vice president who also served as the health minister during the sars crisis, he was tasked with managing and performing the response. a pleasure to have you on the program. we mentioned about taiwan being one of those success stories to balla covid up until now. tell us what you think went wrong here. guest: i think this time with a highly infectious virus and variant. at the very beginning the virus spread from other countries to taiwan

i am vonnie quinn. this is bloomberg. haslinda: still ahead on bloomberg markets asia, women take a giant step closer to the top spot at j.p. morgan. more on that story, later this hour. rishaad: next, moody's bringing its ratings on airlines from negative to positive. we speak to the senior vice president just ahead. this is bloomberg. ♪ rishaad: some positive news for the airline industry, moody's revising its outlook for the global airline industry to positive from negative. that reflecting the ratings agencies views that the industry will improve over the next 12 to 18 months with vaccinations set to drive strong growth and travel demand into 2023. moody's had a negative outlook on the sector since march of last year. joining us from new york is the investors services senior vp. thank you so much for joining us. some better news, and perhaps light at the end of the tunnel for one of the hardest hit industry groups in the world. guest: that's correct, that is how we see it. we did make the change. our outlook is 12 to

i am vonnie quinn. this is bloomberg. paul: we will have more on the fight against the pandemic and the reopening of borders. an epidemiologist from the university of melbourne will join us. plus, the blockbuster entertainment deal this week. at&t said to be in talks to spin off its entertainment business and merge with discovery. we will have the details next. this is bloomberg. ♪ shery: at&t is said to be in talks to spin off the media business and merge with discovery. bloomberg learned the blockbuster deal could be in the mix. we are talking about a broad portfolio of media assets. >> about $85 billion in media assets to be precise. bloomberg has learned the idea is to combine discovery's reality tv empire with at&t's vast media holdings and intern turn build a business that would be a formidable competitor to netflix and walt disney. such a deal would make a major shift in at&t's prior strategy of holding assets under one roof. all of this happening in recent years. a deal could be announced as early as this week. so

i am vonnie quinn. this is bloomberg. haslinda: we will have more on the fallout from the pandemic later on "bloomberg markets: asia." we will talk to a food manufacturer about how they are managing the surge in virus cases in taiwan. yvonne: why ray dalio says he prefers bitcoin to bond. this is bloomberg. ♪ yvonne: china's commodity markets may be hearing mixed messages from the government just hours after regulators stepped up their fight against soaring prices. li keqiang urged further strengthening of commodities imports. our senior editor for energy and commodities is talking us through what has been going on with the rhetoric. do you think china's efforts to control prices are likely going to be successful? >> it looks like they have been successful as far as this morning was concerned. they are down a bit. but a lot of the things i'm seeing suggests that this is just a pause rather than a halt in the rally. haslinda: li made a trip to the southern port. what is the latest? jason: what has happened here is that pre

i am vonnie quinn.omberg. >> still ahead, our guest joins us to look over chinese tech earnings, with a focus on tencent. also, data indicates mrna vaccines are better at stopping people from becoming contagious. we will explore. this is bloomberg. ♪ >> the commodities complex crumbling, oil, soybeans, following an increase of 80%, coming after a super cycle call from goldman sachs and citigroup. let's welcome our guest. is this a case of too fast, too far, and this is a short-term correction? her the commodity still intact? >> you have to parse things out into two parts. if you look at what happened overnight, easy money conditions, the taper in the u.s., the world second main pillar of commodities demand, that is compounding worries over a tougher demand environment for raw materials. in china, they are closer to the end of this rapid pace in economic expansion, and credit expansion, so china was already starting to get closer to the peak of that cycle. you have authorities in china trying to jawbone

i am vonnie quinn. this is bloomberg. haidi: still had, metals rally rolls on as copper and iron ore hover near records. that has dan hynes raising his price target. shery: plus colonial finally restarts their pipeline after the hack, but the supply chain will not fully reopen for days. this is bloomberg. ♪ s is bloomberg. ♪ shery: the biggest gasoline pipeline in america's returning to service after recovering from a cyber terror -- haidi: let's get more from houston. is everything back to normal now? >> no no no. several days. there will be interruptions of service even as they bring it back. some folks will get their fuel fairly soon but is not an on/off switch. it will be a process taking a while. shery: gasoline stations have been running dry. jeffrey: that's correct. two thirds of stations in atlanta are dry without fuel of any kind. two thirds in north carolina. similar numbers and other parts of georgia and virginia. d.c. and maryland also picking up more averages today. shery: we were trying to figure out if they

let's get to vonnie quinn.union has agreed to new sanctions on belarus after the forced diversion of a ryanair as in georgette and the rest of a journalist on board. they include banning its airlines from the airspace of the block and airports. further sanctions targeting the president and his associates are being imposed. russia though backing its ally calling the belarusian explanation of its actions reasonable. international efforts at reviving iran's nuclear accord are intensifying. chinese state media says the chinese president supports reasonable demands on nuclear issues. antony blinken has said a -- has said the priority is a deal. meanwhile, iran has agreed to extend u.n. iaea's agreement. president biden is sending antony blinken to the middle east to firm up the cease-fire between israel and palestine. in a statement, president biden said the visit would reinforce ironclad ties with israel and rebuild relations with palestinians after years of neglect. china is pushing back against a wall street jour

let's get you to vonnie quinn. vonnie: the is really military says both erin mass -- both air and ground troops are attacking the gaza strip. biden singled out attacks on gaza, which he says are fired indiscriminately into population centers. violence between israeli arabs and jews. u.s. house speaker nancy pelosi says countries -- companies like colonial pipeline should not pay hackers. sources say they paid nearly $500 million after the ransomware attack. the pipeline shut down triggered panic buying of gasoline in the eastern united states. >> this cannot be open season for hackers who can make money off of a threat even if they do not go as far as crippling the entity as with colonial they did not. vonnie: china has pushed back on a report it is considering replacing its economic envoy to the united states. a spokesperson says it is not true. the chief negotiator for the phase i trade deal signed last year between washington and beijing. the u.s. trade representative says she expects to talk to the top negotiat

i'm vonnie quinn. this is bloomberg. >> coming up, currency volatility and the impact on corporate earnings. ♪ >> the real battlegrounds may be in currency. indices raising their all-time highs in february before retreating slightly with em currencies at a crucial level. this might just be the month to pay attention to foreign exchanges. our next guest says the negative currency impact on corporate earnings fell the last quarter. could this be the calm before the storm? >> i think it was in q4 and we are going to see q1 faced serious hits from corporate earnings. investors need to take that as an indication about what is going on with corporations from a risk management perspective as well as from a liquidity management. you have seen dollar strength. you have seen discussions about how people think the dollar is going to go significant higher. you have others talking about them going significant lower. i don't know how to predict whether it is going to go up and down. all that means over many years of

i am vonnie quinn. this is bloomberg. ♪ haslinda: still ahead on "bloomberg markets: asia," whether the goal of zero cases is the right strategy. we talk about policy with the coalition for epidemic preparedness innovation. yvonne: looking to rake the depreciation cycle of a currency. more on that next. this is bloomberg. ♪ ♪ yvonne: the yen relentless rally this week, strongest level since march 2016 on the back of trading partners and raising expectations that it has levels last seen before a stock valuations. let's talk about the direction of the renminbi. we got the warning shot from the pboc yesterday. what is the messaging? >> that was a rare statement from the pboc. they had a meeting with the fx market participants and others to talk about valuations one way on the yuan are not condoned by the central bank. also, importantly, they were saying currency will be used to offset the impact of inflation, but it also won't be weakened to boost exports. so this is very much a two way currency market. an

let's now get to vonnie quinn. vonnie: bloomberg news learned president biden will delay by two weeks a ban on u.s. investments in certain chinese companies set to take effect may 27. sources tell us officials can draft guidance clarifying policy. we're told it includes three of the biggest telecoms. colonial pipeline says its communication system is back in service after facing network issues that affected shippers earlier. the crucial fuel supplier has been trying to recover from a cyberattack that forced to shut down, crippling oil across the southeastern u.s. the outage caused widespread gas shortages and price hikes. fuel supplies are not still fully restored. president biden has been touting his nearly $175,000 ev proposal that seeks to transform the auto industry, even as a global chip shortage hinders production. he visited a ford plant in michigan to get a sneak peek at its all electric f150 lightning. ford says it will be a turning point in the electric vehicle revolution, as the u.s. takes on china in th

i'm vonnie quinn. this is bloomberg.till ahead this hour, we discuss india's virus crisis with a senior leader and prime minister's ruling party. jay panda joins us later. rishaad: just ahead, benjamin netanyahu says he will continue to attack the gaza strip, despite calls for violence to stop. this is bloomberg. ♪ his is bloomberg. ♪ rishaad: these are live images of gaza city coming through at the moment as we have members of the un security council including the u.s. and china calling on israel and hamas to immediately halt more than one week of deadly fighting. israelis and airstrikes destroying three buildings and killing at least 42 sunday. benjamin netanyahu says the attacks will continue. >> we will do whatever it takes to restore order. we're trying to degrade their terrorist abilities and degrade their will to do this again. it will take some time. i hope it will not take long but it is not immediate. >> fighting must stop. it must stop. [indiscernible] i appeal to all parties to heed this call. rishaad: let's

let's get the forecast now fr cbs' lonnie quinn. right, good evening, lonnie. >> reporter: good evening to you, norah. well, hello, everybody. here in new york city, we are i would say about an hour away from some big storms moving right through the metro areas. the severe thunderstorm watches for the northeast, boy, they're all over the place, anywhere from pittsburgh to d.c. up into portions of vermont. all fueled by some big-time heat today. look at this. we had norfolk, virginia hitting 97. augusta, maine, hit 90 degrees. that's going to fuel those storms. by tomorrow you'll get a much nicer day. we want to talk about the central plains where we're looking at a tornado threat. the tornado watch, which right now around colorado to texas. tomorrow it's missouri to oklahoma. it retains its strength moving through the overnight hours into your area. by friday, it's a calmer situation for you. the holiday weekend, the worst weather looks to be the northeast, talking 60s and rain. the best weather, the pacific northwest, believe it or

let's get the forecast now from cbs' lonnie quinn., good evening, lonnie. >> reporter: good evening to you, norah. well, hello, everybody. from pittsburgh down to d.c. up into portions of vermont. all fueled by some big-time heat today. look at this. we had norfolk, virginia hitting 97. augusta, maine, hit 90 degrees. 97, tomorrow all of this will be gone and a great looking thursday, i want to talk about the central lanes plains right now, we see another area of severe weather, the threat right now, we're talking about tornadoes from portions of colorado into texas, that line will be sagging to the southeast by tomorrow. tomorrow i focus on oklahoma to missouri, friday and that area, it a much calmer picture for you but friday is kicking off the holiday weekend. everyone wants to know what does that weather look like, let's talk about the worst weather, the northeast, '60s with a rain chance, if you are looking for warmth, head to the pacific northwest. you could be looking at record-setting warmth in that area by monday. >> looking

keep your eyes on the sky. >> o'donnell: lonnie quinn, thank you so much. tonight the coast guard has called off the search for victims from that disaster at sea just off southern california. we now know three people were killed when a boat capsized as dozens of migrants from mexico and central america were smuggled into the country. lilia luciano reports from san diego. >> reporter: as investigators sift through the wreckage of a suspected smuggling vessel, focusing on the captain and 31 passengers crammed inside the boat when it capsized and broke apart along the rocky san diego coast. three people died, one remains in critical condition. >> there are some bodies out there-- >> reporter: off-duty navye -- >> reporter: off-duty navy sailor kale foyt happened to be nearby around helped saved those caught in the powerful surf. >> we pulled everybody we could, whether conscious or unconscious. everyone was panicking, everyone was yelling. no one spoke any english. >> reporter: brittany shot this video shortly after the 40-foot boat capsized. those who survive

major, it's all yours. >> garrett: lonnie quinn with the extremes, we thank you.chilling discovery: an extensive arsenal at the home arse of the man who shot and killed nine coworkers in san jose, california. cbs' lilia luciano has the late details. >> reporter: tonight, police have discovered a weapons stockpile at the home of samuel cassidy, who killed nine of his coworkers at a san jose rail yard this week. >> we do have current estimates somewhere near 25,000 rounds of ammunition. the molotov cocktails were incendiary devices and they located approximately 17 of those. >> reporter: police also found multiple cans of gasoline, along with 12 firearms. they say the stove was set to trigger a fire. >> a pot was placed on the stove in the kitchen of the residence. investigators have determined that there was ammunition in that pot, as well as accelerants around the pot. ♪amazing grace ♪ >> reporter: at a vigil thursday night, hundreds honored the victims. >> he always said, "who is my favorite little girl?" and i would always respond, "i'm your only little girl." (

i'm vonnie quinn.omberg. sheri: markets are avoiding api data coming up with prices expected to accelerate in april. we will discuss with our next guest, global head of strategy. it always -- it's always great to have you with us. charts on the bloomberg are showing that the five year break has talked -- topped the 2008 hi and now the 2006 high. some said back in march when we saw the spike in yields that perhaps it was a little bit overdone. but so much has happened in the past five weeks, including supply change disruptions and commodity prices as well. >> exactly. i think you hit the nail on the head. it is all about inflation expectations which makes tomorrow's data extremely important. we may start to talk about fedex a bit. but what we are hearing from the fed is that they also expect this pickup in inflation largely driven by reopening demand supply change disruptions. they don't want to extrapolate from tomorrow's number, but the market is forward-looking, right? they will look at good inflatio

cbs' lonnie quinn joins us now with the forecast. lonnie, any chance the forecast is going to get better? >> with each passing day, norah, i have been watching it for at least the northeast. it gets worse and worse as we push along. there's always a chance mother nature can be fickle and change her mind but now not looking great. some folks get great weather, some folks not much. oklahoma flash flooding concerns. the line of severe weather from oklahoma to illinois, overnight hours, dropping south into dallas. whether the winds are twisting like a tornado or whether they're just straight line winds, they can do some damage. so know that tonight in the dallas area. really the bigger story could be brewing around chicago. big travel day starts tomorrow. chicago starts off with rain, the type of rain that will cause flight delays. that line moves into the mid atlantic by tomorrow afternoon, washington, d.c. into virginia, chance of severe weather there,, washington, d.c. into virgini new york a lot of rain, maybe two to three inches. it

i'm vonnie quinn. this is bloomberg. haidi: still ahead, funds are flowing out of asia and into north america and europe. we will discuss with the director of research. plus, japan is due out to report first quarter gdp data. the numbers are expected to show a contraction again. this is bloomberg. ♪ haidi: we are getting more reports out about these proposed talks in the deal being made between amazon and mgm. this is a film studio arm of the mgm empire. we are hearing from roof -- from variety saying amazon is said to have made a $9 billion offer. we heard earlier that amazon is in talks to acquire metro-goldwyn-mayer, the film company behind the likes of the pink panther and the james bond enterprises. we are looking at this report, a number being assigned to this deal being offered. $9 billion in the offer made according to variety. amazon along with a number of these other streaming and content companies looking at acquiring more content as they continue to develop your we heard last -- to develop. we heard last year

i am vonnie quinn. this is bloomberg. ♪ haslinda: still ahead on bloomberg markets: asia, i will look at crypto trading in china and we will speak with, the sean founder, justin sun. rishaad: and talking with propertyguru ceo hari krishnan about the company's plan to acquire rea group. this is bloomberg. ♪ >> welcome back. singapore real estate startup propertyguru has agreed to acquire all the shares in australia's rea group operating entities in malaysia as well as thailand. it is a majority owned by rupert murdoch's news core empire. for more on the deal, we are joined by hari krishnan. good to have you with us. is this about expanding the business before the expected ipo or spac? hair: thank you for having me. we are delighted to announce the acquisition of assets from rea group. we have looked at this as a way to invest in very attractive assets in that part of the world. these are truly transformative to the group and we are very excited about the prospects they bring to our group. haslinda: how i

i am vonnie quinn. this is bloomberg.hery: look at big win falling after a tweet from elon musk saying tesla as suspended vehicle purchases using bitcoin. our american markets editor joins us with more on this. steve, what prompted this tweet on the environmental impact by bitcoin -- of bitcoin by elon musk. $1.5 billion in bitcoin earlier this year. >> that is the big mystery. everyone who knows musk and tesla knows they are an alternative energy company basically and he certainly had to be aware of the energy usage for a very long time if not forever so it is puzzling even among industry insiders who have been very vocal about justifying the energy needs of tesla. haidi: you can to be on either side of that debate, but the facts have been out there for a while. the energy associated with mining don't would extend to other crypto currencies as well, so i am wondering how much of this takes away from the institutional appeal or gloss that bitcoin and other crypto have attracted over the past few months, given that a 4% pu

i am vonnie quinn, this is bloomberg. haslinda: taking a look at markets.ems like the bulls are showing up green across the board in asia. those gains overnight in the u.s. which posted the best day and about two weeks. the csi index up by about 3/10 of 1% as we await the traded data and by the way, the focus today on u.s. jobs report and another million jobs may have been added. taking a look at the commodity space. the bloomberg commodity index higher yet for another day. china has had a record all of commodities. copper at the highest on record. some of the stocks we are watching, sydney airport as australia says its international borders may not completely open until the second half of next year. we have sydney airport down by one third of 1%. ocbc trading in q1, be expectations. an insurance coming up by about 1%. let's take a look at the state of china's economic recovery as we await the latest trade data from china. joining us is the chief greater china economist at one securities firm. we have to bear in mind the base of fact, right? helen: yes, abs