a lawyer police now believe was matthew quinn quinn muller.om the emails is a complex picture of someone who needs attention. who needs to be perceived a certain way. >> for example, the way the writer of the emails was outraged when was denise accused of a hoax. so, when he sags, how dare you not believe miss denise huskins huskings that she was kidnapped was then saying that how do you not believe that i pulled it off? >> you can't see my handiwork because your lap talent. because the police here are failing miserably and they need to recognize how flawed they are, and how wonderful i am. >> he's a master criminal. >> he's a master criminal and he is running circles around everyone else. >> maybe he was. remember, from the beginning, vallejo police apparently just couldn't believe the elaborate details of the kidnapping. when aaron told them he took so long to called 9-1-1 because he was drugged and confined to a square of red tape and monitored by a web cam, they didn't buy it. and when denise wouldn't get on that plane to talk to vallejo p

he loves you. >> quinn: so do you. i always knew that we felt it. we just never said the words.

>> quinn: ugh, i don't know.

>> quinn: i know. i couldn't believe it either. i...till can't. >> carter: but you went to his place to sign the papers. we-- we were gonna celebrate. >> quinn: yeah, that was the plan. i was fully prepared to sign them, and... >> carter: what did he say? >> quinn: he says he wants our... our life and our marriage back. and he tore up the papers. i'm so sorry, carter. i-- i know you putmu

i am vonnie quinn. this is bloomberg. shery: concerns growing about a pullback in u.s. stimulus. rafael bostic says the central bank should consider beginning tapering after another month or two of job scans. bill dudley says he sees less chance of a taper tantrum this time. >> i think the risk of a tantrum this time is less because people understand the game plan. first we taper and then we raise short-term rates and then we start to let the balance street -- balance sheet strength. >> he is buying into our exposure to equities. let's bring in the ceo. great to have you back. with the correction come in the form of another taper tantrum given what the fed will do and how big could it be? >> we never know what will cause the next correction in the market. we know it has been a while since we saw any pullback of 5% or more. especially given the huge run-up we have seen year-to-date in the markets without any pullback so far this year. i would expect that to happen before the end of the year. investors sh

i'm vonnie quinn. this is bloomberg. david: on bloomberg markets: asia, human rights watch china researcher joins us to talk about alibaba's sexual assault scandal. also, the countries need to move. yvonne: evergrande may be selling stakes in its assets. more on that. this is bloomberg. ♪ yvonne: breaking news happening in china, a court upholding the death ruling on the canadian's case. back in 2019, the canadian appeal the verdict which we got, he got 15 years but his sentencing was increased to life on appeal after the huawei cfo's arrest. there are political tensions between china and canada, but china today, upholding the death ruling for schellenberg. still waiting for the verdict for the two canadians. we should be expecting those verdicts happening in the next couple days or so. we are checking evergrande right now. the stock, as well as their assets and subsidiaries, are rallying on the back of news and reports they might be selling stakes in assets. whether this helps solve their liquidity issues is going to be

i'm vonnie quinn. this is bloomberg. haidi: still ahead, katherine zimmerman joins us to look at what is ahead with the taliban set to take full control. next, the advisors capital management ceo says stocks should continue to work their way higher. this is bloomberg. ♪ shery: we are getting breaking news crossing the bloomberg. let's start with the sydney airport. a proposal coming through saying it is not in the best interest of security holders. the consortium has raised the bid before. we heard reporting that they would raise that bid to $22 billion. they are bidding for sydney airport after a lower bid has been rejected. that was reported over the weekend. the offer now bumped up to eight dollars 45, but sydney airport says that's not good enough. the threshold the airport has suggested is nine dollars aussie per share. let's take a look at bluescope. we were awaiting some of these numbers coming through. shares trading up close to 50% year to date. we see full-year net income at one point $19 billion. that's pretty

i am vonnie quinn.omberg. >> still to come on bloomberg markets: asia, india -- >> just ahead, another day, another sector in the crosshairs for chinese regulators. find out why chip stocks are slumping, next, this is bloomberg. ♪ >> welcome back. the latest industry to feel the heat from authorities in beijing is the chip sector. let's get the details from stephen engle. we kept thinking where will the knife all and here we are, semiconductors. >> in the hardware space. we probably should have seen this coming. last week, we got a statement from government regulators saying they were probing allegations of pricing the manipulation. we saw some weakness late last week. the regulator back then said -- it did not name specific companies but it did say it would vowed to strengthen punishment of those who poured chips, manipulate prices or raise prices through collusion. now what we are getting today is state media and a commentary on the state broadcasters saying the regulators will show no tolerance for s

let's go over to vonnie quinn.nie: the taliban has marched into afghanistan's capital and says they will soon declare a new islamic emirate. the president has fled the country, saying he wants to avoid legit. the u.s. military is struggling to evacuate officials. these are photographs from earlier. secretary of state antony blinken denied comparisons to 1975's fall of saigon. beijing-based company seeks approval for further testing on a shot specifically targeting the delta variant of the coronavirus. the global times reports the drugmaker is looking for a green light before october. the paper says the company's general manager touted the current two dose regimen as remarkable in reducing the risk of severe illness from the delta variant. south korea's president has left the door open for talks with japan in his final liberation day speech, barking his neighbor's world war ii surrender. he says he is willing to work with japan on threats including the pandemic and climate change. in tokyo, members of the prime mini

i vonnie quinn. this is bloomberg. -- i am vonnie quinn. this is bloomberg. haidi.: china's #metoo movement has made headway. over the past week, china's internet blew up over an alleged sexual assault scandal at alibaba. it is a rare case that lays bare the country's struggle with #metoo movement. joining us now is the managing partner at a venture company, a women led firm. really wonderful to have you with us. were you surprised out of these revelations that came from alibaba and is this the tip of the iceberg when it comes to culture in tech? >> finley the tip of the iceberg. this incident was really a tragedy. imagine a professional woman having to -- passing out flyers that said "my boss raped me" to a bunch of colleagues, the largest company in china. this is horrifying. the icebreaking culture and toxicity of workplace culture in china is not unexpected. i am really saddened by it but glad to see that women are really speaking at this time. haidi: what kind of institutional change needs to happen? pocket: i hope this becomes a real turning point for chinese

i'm vonnie quinn.shery: next, we will assess the economic outlook for southeast asia with covid pushing the region to a breaking point. this is bloomberg. ♪ >> as far as the delta goes, it is difficult to tell if it is effective except markets that have slowed down. >> trying to get people to encourage them to come back. the delta variant has changed that. the cdc guideline has changed all that. >> where rents -- reinstituting the mandatory mass policy at all our sites. where providing incentives for good conversations with employees about the benefits. implementing safety guidelines with masking and social distancing. >> were going to work with governments based on the mandates. shery: some of the ceos we have heard from about that how the delta variant -- asking whether rebel recovery is hitting as headwinds intensify of support in the region constrained by the minute capacity and low interest rates. a winding road ahead for southeast asia. she joins us from singapore. your participating -- anticipat

i'm vonnie quinn. this is bloomberg. yvonne: still ahead, we talk about the covid impact on the shipping industry, how they are coping with partial shutdowns. we also look at what has been going on when it comes to automakers and supply chain issues. up next, the latest on evergrande's woes as regulators tell it to fix its debt problems and stop spreading misinformation. this is bloomberg. ♪ david: welcome back to the show. you are watching "bloomberg markets." yeah, i think the evergrande /huarong story is what made me take a positive. these stories have diverged with the huarong story getting a little more positive and then evergrande getting called into the office and being told, if you can solve your problems yourself, that would be best. that has really showed up. huarong up. evergrande down. yvonne: our next guest is a portfolio manager that manages em debt. i want to talk about the divergence that david mentioned. one is an soa and the other is a private company. i want to get your take on what you think is the to

i am vonnie quinn. jules. juliette: still ahead this hour, china's tack in focus,didi delaying expansion. and you requirements for chinese listings. rishaad: plus, we are counting down to the start of the trading day in india. an infrastructure leasing plan. can the government raise money? we will also be discussing the country's vaccination goals with the chair of india's national technical advisory group on a midsize nation's -- -- on immunizations. juliette: you're watching bloomberg markets: asia. we are particularly looking at chinese stocks listed in hong kong. we had kathy wu from jd.com. it outperformed on sales. jeffrey's saying that their business model aligns with regulations, raising the target price. analysts positive on jd.com. 10.6% gain. it could go into other stocks. tencent up 4%. the hang seng tech rally extending its gains over -- a two-day gain of around 7% now. rishaad: you mentioned jd.com. we had the tech crackdown in china, but their sales were a big beat, pretty much down to consumer

i am vonnie quinn. this is bloomberg.o top profit estimates with the pandemic boosting pc sales, widening its lead. the component shortages and returned office could dampen the outlook. we spoke exclusively with the lenovo group cfo. >> if you look at it, we had a record quarter four last year. we will have a record year. we will have a record quarter one. the results speak for themselves. with our supply chain, scale, as well as experience, we will continue to deal with the challenge successfully and deliver very strong results. >> de expect that the man to continue with more economies reopening and employees returning back to the offices? >> yes, we do see that. i do think the demand is most thought would decline. it is what i would describe as a fundamental change. i think that was primarily driven by what we describe as the digital transformation. in fact, covid-19 accelerated that trend. for example, as a consumer, because you have the so-called hybrid working environment, most people, apart from in the office, spend

i am vonnie quinn. this bloomberg. the central bank facing calls to cut interest rates, given fresh covid outbreaks. joining us now is our editor. james, this comes at a time when policymakers wanted to deleverage in rain and financial risk, so what can we expect? james: that's right. the pboc is stuck between a rock and a hard place. as you said, they're looking to deleverage the financial sector and don't want to cut interest rates and have that go into the housing sector. you already have a bubbly housing market. as the covid outbreak becomes more serious and parts of the country lockdown again, there are calls to do more to support the economy. on the one hand, they don't want to ease interest rates too much, but on the other hand, there is increasing pressure to assist the economy. the first thing we are looking at is next week when they announce the august medium-term lending facility, whether they cut interest rates on that, whether they will make a big change to their current policy stance. shery: what is drivi

i am vonnie quinn.berg. haidi: still ahead, we are looking ahead to data and expectations, but coming up next, we will be bringing you up-to-date when it comes to the situation in afghanistan as the united states and its 20-year military presence with the last coming out of kabul airport. this is bloomberg. ♪ kathleen: the longest u.s. war is officially over, the u.s. ending its presence in afghanistan after 20 years. secretary blinken says this ends a chapter. secretary blinken: our troops are departing afghanistan. and you chapter of american engagement with afghanistan has begun. it is one in which we will lead. the military mission is over. the diplomatic mission has begun. kathleen: so now, let's get back to our bloomberg national security editor, joining us from washington. so, larry, in terms of what is next, what does it mean? i just have to ask you, to leave and have everything just so chaotic -- we know that the afghans need support. they need money. we also know that there is a lot of concern

i am vonnie quinn. this is bloomberg. >> still ahead, more insight on inflation risks, the biden spending plan, with our guest later this hour. next, our interview with the new ceo of the hong kong exchange on the impact of china's widening crackdown on the ipo pipeline. this is bloomberg. ♪ >> the new chief executive officer of the hkex downplayed the regulatory crackdown that has dented ipos and cause stocks to tumble. nicolas aguzin says there is a record pipeline of deals in the wings. nicolas: we are seeing similar type of modifications to how big tech works all around the world. all platform businesses are being scrutinized how they use their data, how they manage information about their clients, do they have too much power, how will we manage how they deal with the public? so i don't see that as too different from other places. it may be in some sectors like education and a specific way we don't see too much in other places, but if you look at big companies, it is very similar. >> how is it impac

i'm vonnie quinn.his is bloomberg. ♪ >> markets have priced in part of the fed's tapering with the base case in the fourth quarter sometime. the timing on the u.s. jobs market and the state of the economy. this is what the leading critic of the taper had to say about the risk. >> my worry is, if they don't fully account for these new forces, they may be behind curve. that may necessitate stronger tightening down the line. >> he is worried about the fed letting inflation getting out of control by not moving fast enough. our next guest is concerned about this as well, let's bring in the president and founder of kumar global strategies. are you concerned, too? >> i have been very concerned about defense policy, kathleen. the friday speech chairman powell gave at jackson hole made me even more frightened, in terms of what was ahead. essentially, given the fact that prices are rising at the record rate as you discussed a bit earlier, and you have rents increasing, inflation month-to-month on the cpi hitting

i'm vonnie quinn. this is bloomberg. shery: the fcc reportedly has begun issuing new requirements for companies seeking to go public in new york. chinese firms have received detailed instructions about rate or disclosure of the use of offshore vehicles for ipo's. we are joined by the regulations reporter who has been tracking this out of washington. this does continue the theme we have been seeing of increasing pressure and the want for more transparency from these companies. >> it does. this is a little more in terms of what we have been seeing here from regulators in washington, the fcc. mastery cap bloomberg, some of our colleagues reported that the fcc had also been sending out queries specifically about the relationship between the shell companies that chinese firms often used to raise money for american investors in new york and the parent company based back in china. this is all in the context of a multiyear effort in the united states to crack down on what officials in washington say is a lack

i'm vonnie quinn. this is bloomberg. shery: the fed's 2021 tape recorders is growing. the atlanta fed president's is the central bank should move to taper after another strong month or two of employment gains, and proceed with the process faster than in the past. he argues that bond purchases are no longer helping to create jobs, but instead are hoping to drive up prices on things like homes and cars. that, as the inflation debate continues to divide officials and consumers. >> number one, we're heading in that direction. >> you should be worried about overheating. and instead we hear much too m uch of the rhetoric of transients in the inflation rate. >> having wage push inflation, cost push inflation, and demand pull inflation, which is going to be very hard to counter down the road. >> the economy is strong and unemployment is declining, and inflation is threatening. shery: our next guest says the fear of inflation is greater than inflation itself. let's bring in eva ados, coo and chief investment strategist. always gr

that's get you the first word news with vonnie quinn.nie: the spread of covid-19 in japan's capital is impossible to control. this from a government official who told tokyo's governor that infections are "raging at disaster level." officials are considering whether to extend a that to expire at the end of the month. there were experts they the government sent mixed messages about the seriousness of the pandemic including allowing the olympics to go on. hong kong's population shrank substantially over the past year after the implementation of a financial security law. more than 89,000 residents left in the 12 months through june according to government data. a 1.2 percent drop. that brings hong kong's current population to 7.4 million people. canada's prime minister, justin trudeau, is expected to call a snap election this sunday, looking to capitalize, showing his liberal party with a large enough lead to retake a majority in the legislature. the vote will reportedly be held on september 20. public opinion polls show the liberals with 36

let's get to vonnie quinn.e: recovery efforts in haiti are gaining momentum after a devastating 7.2 magnitude earthquake struck at the weekend. facing criticism over a slow government response, the prime minister said his administration will act with greater speed. the announcement comes as tropical depression grace takes aim at the nation kid so far, nearly 1300 deaths have been reported along with nearly 6000 injured. hong kong has heightened travel curbs for residents returning from 16 countries including the united states, france and spain. about-face comes less than two months after started easing some of the strictest quarantine measures. effective august 20, those returning from countries deemed as high risk must quarantine in hotel for 21 days. tourists and residents from the unvaccinated list are no longer allowed entry. the japanese government is extending its state of emergency through september 12 as the virus continues to spread. . the decoration for tokyo, osaka, okeene oma and fair the regions wi

i'm vonnie quinn. this is bloomberg. shery: let's discuss the winners and losers in the infrastructure bill with the head of research and strategy. great to have you with us. it seems clear some of the winners will be those airlines, internet suppliers. had you gave -- how to get exposure to those sectors? >> we think one of the misconceptions about the infrastructure bill is it is the builders of next generation infrastructure. it is commodity companies. it is heavy machinery. we have been accessing these names since 2016 when we launched the fund. we have been waiting for this moment for quite a while. this is a great step in the right direction for investing in u.s. infrastructure. shery: we did see some of those inflows consistent since the election of president biden. i wonder if all that has been laid out or if there is still room for gains. >> what investors need to understand is because the bill passes today does not mean the dollars are going to be spent any time soon. infrastructure takes a long time. you have

vonnie quinn. vonnie: united arab emirates says it is hosting the exiled afghan president after he fled afghanistan. he said he wants to prevent bloodshed, adding he is in talks to return to afghanistan and that he did not flee with any money. the taliban has set up checkpoints at kabul's airports, preventing citizens from playing. the taliban led afghanistan cannot access special drawing rights ahead of an allocation set for next week. the country has $450 million worth of strs. house members say 18 republican lawmakers had urged janet yellen to intervene to prevent access to the funds. bloomberg's learning details about the types of questions the sec is asking chinese companies applying to go public in the u.s.. we are told they focus on their offshore corporate structures. theories include the nature and direction of cash flows which allow for circumventing beijing restrictions on foreign ownership. the sec has added four disclosures on foreign and regular tour risks in china. global news, 24 ho

i'm vonnie quinn. this is bloomberg. haidi: still ahead, the world's largest money transfer provider, the western union ceo joins us later this hour. huber is posting wider losses and expected. shares are plunging in extended trade. this is bloomberg. ♪ shery: we are watching robinhood under a little bit of pressure after hours, but after seeing a surgeon trading volume as it catches the meme stock spotlight, he jumped as much as 82% before trimming those gains to still a whopping 50% in wednesday session. the stock now up more than 85% since its debut on the nasdaq last week. were also looking at stocks that released results after the bell. mgm resorts saw miss in china while wynn resorts reported a topline beat. electronic arts now seeing a bump after it boosted revenue forecasts. were also watching uber, which is slipping after booking wider than expected losses. haidi: uber racked up losses after spending heavily to lure drivers back in the second quarter. >> drivers increasingly want to get back on the road. june, 6

i am vonnie quinn. this is bloomberg. haidi: still ahead. more on the taper plans. no surprise at jackson hole. the former fed chair will join us with his views. we get the market outlook from our guest who says they do not expect eight taper in asset purchases. big interview in a few hours time. elizabeth gains join me after they release the results. this is bloomberg. ♪ haidi: you are watching "bloomberg daybreak: australia." it is time with the week ahead. he market agenda topping the week ahead. kathleen: a lot going on. a number of earnings today. chinese angst amid the the tory onslaught in china. tuesday marks the data as they continue the withdraw from afghanistan. not only watching governments around the world. we may see the clear impact of the delta outback in the august pmi's. can they shrug off what the fed is doing now and keep that recovery going? australia's growth will slow in the second-quarter gdp report on wednesday. there watching it closely. as i debt causes shutdowns on the gulf coast, there will be

i am vonnie quinn. this is bloomberg. haidi? haidi: let's get to the markets and our next guest, jimmy chang, from new york. it was a nice day, that risk rally overnight. how much of the recovery prospects are being priced into markets as we continue to see the delta variance plague economies worldwide? jimmy: it is a back and forth story so far. the real test will come in september, post labor day, in the u.s., when the temporary unemployment benefit expires. we will see what happens to the environments. the good thing about the delta variance, we are seeing potential peaks in the u.s. potentially the worst could be behind us in terms of new cases. haidi: i want to talk about the commodity complex, an area you are still constructive. in terms of the global rebound, is that bleeding through to potential gains? we can bring up this chart on the correlation between the s&p 500 and what we have seen in the commodities complex. jimmy: there was a positive view for commodities. not just of the next few days or months. we have several

>> reporter: this is quinn, discovering dave's latest creation.ra went off that first time, dave had never met quinn or his family. yet, all summer he helped raise the boy in this small way. >> it's been amazing. >> reporter: quinn's dad, josh: >> just that we can be a part of something like that, that we can see the good side of humanity. it feels good. >> reporter: and now that goodness is spreading. after we first told this story, others stopped by in all seasons, and other tracks began popping up across the country, dozens following the lead of dave palazzolo. >> you're totally beating me! >> reporter: who knows the true measure of a man is not how he raises his own kids. it's how he raises the village. >> you totally won. >> reporter: steve hartman, cbs news, "on the road." >> whitaker: the good side of humanity. now, that's something we like to see spread around. we'll be right back. ♪ why do you build me up ♪ ♪ build me up ♪ ♪ buttercup baby just to let me down ♪ ♪ and mess me around and then ♪ ♪ worst of all ♪ ♪ you never call ♪ baby daydr

i'm vonnie quinn. this is bloomberg. shery: still ahead, sydney matches its highest cobra case counts ever as brisbane goes into lockdown. leslie russell tells us where she thinks things go from here. next, president biden's infrastructure deal is done. details i had. this is bloomberg. ♪ this is bloomberg. ♪ >> i was very optimistic the fall would be a very strong labor market, but many americans coming back to work. that's still my base case an area. but if people are nervous about the delta variant, that could slow some labor market recovery, and therefore be a drag on our economic recovery. shery: minneapolis fed president warning the spread of the delta variant could keep some americans from looking for work. in the meantime, a bipartisan senate has ramped up negotiations with a $550 billion infrastructure package they hope to put to a vote and pass this week. kathleen hays joins us now with more on this. we are talking about a 2701 page bill. what's in it? kathleen: one, it's a bipartisan bill. several weeks ago, j

i'm vonnie quinn. bloomberg. ♪ yvonne: the biden administration will start offering booster shots september 20 to all vaccinated u.s. adults as the coronavirus and delta variant continued to spread. it has led to controversy in the u.s. because i a lot of questions on whether all adults need a booster shot. a lot of people in the medical field see there is not enough evidence to suggest everyone needs one. potentially, you just need it for people of the vulnerable side like the elderly, front-line workers, whatnot. is the u.s. jumping the gun is the key question. david: immunocompromised is the fda term. four syllables. first of all, there is not enough data and it brings to mind when you think of asia subsist -- asia-pacific that there is not enough to supply. people talk about three vaccines in some places don't even have one. most places that are taking a backseat to where you are with wealthier countries, it is not really a question of efficacy anymore, or the efficiency of the rollout or logistics

i am vonnie quinn. this is bloomberg.ill ahead, we discussed challenges facing the auto industry. first, alibaba will be reporting earnings amid beijing's crackdown. how will the e-commerce empire whether -- weather the tension? blerg. ♪ shery: we want to focus on the broader context of china among emerging market stocks. what we have seen in recent years has been the growth of weighting of chinese equities in the msci emerging market index. we had it rebounding more than 1% in the new york session, this after the huge crackdown in china in different sectors of the economy led to pressure in the emerging market index. chinese stocks as a ratio of the broader emerging market index has risen for the last 10 years. when it came to 2020, we have seen it exceed the 35% record we saw in the tech weighting when we had the market stock doubles in the 1990's. we saw the decline, the fear given the huge selloff we've seen on chinese stocks. they are important for the water em complex. we have seen more and more investors despite th

i am vonnie quinn. this is bloomberg. rishaad: coming up on bloomberg markets. we got u.s. signaling more strikes against islamic state targets in afghanistan. they said that washington's work with the telepath to stop terrorism. we will be joined by our guest. that story and more. this is bloomberg. ♪ yvonne: huarong release their financial statement from last year and the numbers are not pretty. they posted a record $16 billion loss for 2020. rishaad: stephen engle is looking at this report. what stood out to you? reporter: one of the comments saying it was a harsh lesson learned. it was a harsh lesson and harsh set of results. the market was looking at these results back in march. the company was too big to fail. state own, bad debt manager. they want to come in with as rescue package of $7.7 billion let's by -- are not pretty. it is a net loss. also the shareholder equity shrinking by 85%. over 100 billion in you want and losses on the -- yuan. wobble of the government's required minimum of 12%. it is a long road ahea

i'm vonnie quinn, this is bloomberg.ry: arc investment management kathy wood is jumping back into tech stocks after dumping mainland shares earlier this year. we spoke with bloomberg's about she's why -- why she's more optimistic than pessimistic with china in the long run. >> we have been pulling out of china -- we started last november after the debacle around the aunt group -- ant group ipo in the banishment of jack ma. and we saw increasing signs that the government was going to get tough on companies. in companies which were more than unicorns. they had exploded onto the scene and they had become so powerful and had their leaders, that they almost seemed to be threatening the government. at least that seemed to be our take on the government's response. so we were a bit cautious, pulled away, and in fact, our flagship fund has moved out of most chinese stocks. i think we were out probably late april, late may, somewhere around there. it might have been a little bit later. you never know 100% of the time. i think the

i am vonnie quinn. this is bloomberg.aidi. haidi: the taliban are preparing to take full control of the taliban two decades after being removed by the u.s. military. the group has occupied the presidential palace. we are joined by our guest. what happens here, what are the regional locations? >> first of all, of course it is the exit that the u.s. and specifically most recently the biden administration has promised. there is some concern that immediately surfaced in washington about what it means for the u.s. standing globally, and that includes vis-a-vis china, which of course has had a role in afghanistan. so that is sort of the mood and the sense that is reverberating a bit in washington right now, and also through other countries or regions such as western europe, where, of course, the u.s. has a long reputation as an ally and also as a military --. so that will be playing out in the weeks ahead. shery: so what will be the implications for afghanistan's democracy, not to mention regionally with the president -- the pr

i'm vonnie quinn. this is bloomberg. haidi: still ahead, it is rba day with a potential u-turn on it comes to the tapering timeline in play. what she expects. coming up next, alibaba reports beijing's crackdown spirit how will jack ma's empire whether all of the regulatory tension? this is bloomberg. haidi: analysts are bracing for the alibaba results. investors will wait to hear what it says about china's crackdown in the profit outlook which may help lift some of the clouds over these chinese stocks. let's go over to vincent send a rally for a preview. so much of the hate has been on these consumer facing tech stocks. what are we expecting from alibaba, given jack ma was the one who kind of started all of this? vincent: i think you just hit it on the head. it was jack ma who started this some time ago. and was put in the penalty box by the government for probably stepping outside of bounds, if you will, for what the government allows. it is not just alibaba. it is 12 technology companies in the ministry of industry and

i am vonnie quinn. this is bloomberg.japan may consider mixing astrazeneca with other vaccines. this as investigators are investigating the deaths of two people who had gotten shots. let's start with the maternal story. there are a couple of different things going on. what do we know? >> we know japan has suspended batches of the moderna vaccine, not produced medically or in the u.s. -- produced the mastech lee or in the u.s. -- produced domestically or in the u.s. there is no immediate clear safety issues identified yet but out of an abundance of caution. authorities will be vigilant. they are looking for adverse reactions. they are looking into the deaths of two men in their 30's with no known pre-existing conditions that died within days of receiving shots of the moderna vaccine. not in the batch in which foreign bodies were identified, but made in the same system around the same time. authorities caution they have not identified the reason -- the cause yet. kathleen: i want to ask you about japan mixing astrazeneca wi

i'm vonnie quinn.his is bloomberg. ♪ >> still ahead, cryptocurrency becomes the sticking point in the u.s. vote on infrastructure legislation. we will discuss the implications with digital law expert -- with a digital law expert. we will preview a flurry of economic data due this week. this is bloomberg. ♪ ♪ >> we are expecting inflation numbers after export data over the weekend showed a slow down. our next guest says exports have been a key driver of the asian recovery. they may face risks as advanced economies reopen. let's bring in tuuli mccully. the head of asia-pacific economics at deutsche bank. can asian domestic demand make up for some of the changes in western demand? >> good morning. well, we are seeing signs that in the region, the economic recovery is being delayed. especially in those countries that are facing another surge in covid-19 cases and restrictions are being used because of low vaccination rates. therefore the export sector will play an important role in supporting the recovery

i'm vonnie quinn. this is bloomberg. rishaad: more to come on bloomberg markets. robinhood bulls are making out like bandits. a while to date stocks surge. we'll look at what's behind the massive turnaround. yvonne: up next we look ahead to smic earnings for china's ship bellwether. this is bloomber♪ yvonne: it is still about regulatory risk right now as we continue to watch some of these e-cigarettes and growth hormone injection companies today on the back of the headlines. it goes to show you have to look deep into our times to see what comes next, what clues you can find. today it's really about children's health. rishaad: it's about the education side of things. my lots of sports equipment, hints a run-up in the terms -- in terms of the run-up on sports gear. what about positive trends? they want to have a sovereign kind of semiconductor industry. yvonne: we've seen investors look into that whether it's local chipmakers. let's talk through what we are expecting right now. charles is our analyst. th

i'm vonnie quinn. this is bloomberg. david: a little more in reaction to this rbnz surprise hold out of the central banks. we are thinking three hikes, but it's now closer to one rate hike for the rest of the year instead of two, not even talking about two in terms of the rate market. look at this chart. we are right at about 50 basis points on the rbnz. they will still deliver, not today, but the risk market says it's probably going to be one, maybe two. yvonne: and there's a statement from the rbnz talking about renewed restrictions, highlighting the ability of the virus, that they remain alert of the display supply disruptions covid can create and they are talking about the unemployment rate as well, at or above maximum sustainable levels. and prices are both sustainable levels. they are very much part of the economy that they have to talk about in terms of overheating. and as our james mcintyre said, they have other tools in their toolbox to handle these issues right now, but for now hold is bably the bestition. the

i'm vonnie quinn. this is bloomberg. shery: still ahead, the latest on the tokyo olympics as it enters the final week of competition. up next, the vice chairman of 1879 advisor shares his view on u.s. stimulus and more. this is bloomberg. ♪ shery: six weeks of negotiations wrapped up on sunday with a $515 billion infrastructure package they hope to put to a vote and pass this week. kathleen hays joins us with the latest. what is in it? kathleen: they are going to have to read fast if they want to make any amendments. it has traditional infrastructure spending and everybody knows it goes beyond roads and bridges. chuck schumer, who is one of the leading democrats in this bipartisan group who hammered out this will says he sees it passing in a matter of days. it's just a question of hammering things out. let's look at some of the details. roads and bridges at the top of the list, 110 billion dollars. we have electric grid update -- remember the big problem in texas? that is the kind of thing you have to fix. rail and amtra

let's get to vonnie quinn.nt biden has addressed americans from the white house as chaotic scenes player in kabul where the taliban have returned to power. the associated press says at least seven people were killed as crowds rushed trying to board departing aircraft. the president says he is standing by the decision to withdraw u.s. forces saying the 20 year war in afghanistan was never about nationbuilding. >> i stand squarely behind my decision. after 20 years, i have learned the hard way. that there was never a good time to withdraw u.s. forces. vonnie: pfizer and beyond tech have submitted early-stage data to u.s. regulators on booster shot trials. they say a word does of their covid-19 vaccine leads to higher levels of protective antibodies when given a to nine months after the initial doses. results from larger -- from the water trial are due soon. new york city is expanding its vaccine mandate to include sports stadiums, zoos, movie theaters and other venues. children under the age of 12 are exempt but

i'm vonnie quinn. this is bloomberg. haidi: we are getting out by now pay later, reporting income of $166.3 million with final dividends per share not being issued. we are seeing the four-year pre-item at 38.7 million, clearly taking a beat hit there. despite cell estimates being higher than initially guided. they saw growth profit rising almost 100%. the company very much and focus after it inked a deal with square 429 billion dollars. we will be hearing more from the ceo who will be joining us. we will be having that conversation on bloomberg markets. still ahead, the dollar slips as commodities extend their rallies. why jp morgan is staying long the greenback going into jackson hole. we -- the next several months could prove to be challenging for investors. this is bloomberg. ♪ shery: u.s. futures muted at the moment after the s&p 500 finished at another record high. this chart on the bloomberg showing the long-term trend on the benchmark after bouncing back from the pandemic last year. our next guest says this fall a

haidi: first word news with vonnie quinn.nie: hong kong is seeking a new life in the u.k., forced to leave behind their entire savings. scores have been denied access to money. china withdrew recognition. the u.k. expects more than 300 thousand residents will use the passport to leave hong kong, putting billions of dollars at risk. china's appetite for u.s. farm products is a rare bright spot for commodities markets battered by a resurgence of cobit infections and stronger dollar. soybean sales with the highest since january for the week ending august 12 with china purchasing more than 1.1 million tons while total sales were 2.2 million tons. beijing also boosted its u.s. wheat and cotton purchases. the biden administration says it is appropriate for extended unemployment benefits to expire as scheduled on september 6. however, the treasury and labor secretaries say it could be extended in those states hard-hit by the delta variant. many republicans have argued that they discouraged americans from returning to work. global ne

i'm vonnie quinn. this is bloomberg.ishaad: coming up, a chat about casino and liquor stores in hong kong. authorities in beijing set their sights on vice. this is bloomberg. ♪ david: welcome back to the show. we are looking at two sectors. vice is the underlying theme, casinos and gaming and liquor stocks on the back of regulatory rifts. a big move yesterday in a lot of big liquor, a consumer staple, 20% quarter to date if we measure from the end of june. roughly from the bow -- about the same time, the losing streak across the casino space. down 10 straight weeks on bloomberg zone peer group, the casino shares. jp morgan this week were talking about when macau -- win macau, saying they are undervalued. rishaad: we have these macau restrictions that will delay reopening taking place. the casino sector according to many, highly undervalued. let's bring in a senior equity analyst at morningstar. july saw a revenues come in and we saw a recovery, but only about 35% of what we had in 2019. this is more than a decimation. >>

i am vonnie quinn. this is bloomberg. rishaad: we have the new sec chairman taking a not so gentle stance on bitcoin. does his avon see -- agency have any real bite? >> we are counting down to the open in mumbai. all of that looking on as well. this all on the agency cost channel. more on that later, this is bloomberg. ♪ >> with investor feedback the sec is saying this is a more sure economy. transparency is becoming important now. the gross is not going to cover all sins. it is not as explosive anymore. i actually think it is a very good move. i don't know if china is going to comply. that means within a three year timeframe, companies here would have to do list. that is a risk and we are thinking about that as well. >> kathy would on the new requirements for chinese listed -- u.s. listed chinese stocks. >> tell us about these chinese companies. they are going to tackle the query. what are these companies now at the moment putting into that filing? what are they changing? >> they are changing them and where they are putt

i am vonnie quinn. this is bloomberg. david.id: in case you missed it, wall street thinks the 10 year yield is going to be not as high as they previously thought. you see that through the fourth quarter and that is where you are really getting the sort of bulk of revisions there. this is how they change things up. third fourth quarter all the way to next year. this is the distribution curve. jeffries is all the way at 2%. hsbc about 1%. where does this go third quarter all the way to fourth quarter of next year? we have the forecast from the survey bloomberg did august 6 through 12 and here is how it looks. median is 1.6. median for next year is now down to 2%. some people were thinking 2% this year, that is not getting pushback. in fact, it is quite serious. look at the long-term chart. the rally and treasuries, 1.6% actually gets all the way there so it looks like the trend is consistent for next year. >> so it is hard to break into 2%. you had to push back. >> all right, coming up. we are talking about what this all means for

i am vonnie quinn. this is bloomberg. >> still ahead, more on the china crackdown is the company threatens to ban e-commerce companies. coming up next, we take a look at bond markets. this is bloomberg. ♪ ♪ >> china's economy took a hit from the delta virus. service sector pmi contracted sharply for the first time since 2020. we are also looking at a private gauge of factory activity in our next guest says that traditionally reliable signals like these global pmi's are a little less useful then watching inflation figures. joining us is the portfolio manager at matthews asia. she said i really want to get to ever grant but first i have to ask you we were talking to she kumar from his own private company and he is concerned the bond market is underpricing the amount of inflations. when you look broadly globally and particularly in asia, how does this fee will have on markets are positioned -- fuel how bond markets are positioned? >> bond markets are definitely underestimating. power to put myself in the s

let's get over to vonnie quinn, who has our first word headlines.onnie: thank you and good morning. booster shots are strongly in favor for those of people with weakened immune systems. the plan could be implemented soon. debates leading up to a full senate vote on an infrastructure blueprint hit a roadblock. lawmakers are unable to agree on key amendments consider. especially on new cryptocurrency rules and flexibility or local governments. lawmakers have confidence that the full vote is just days away. singapore will recalibrate its foreign worker rules. the prime minister says the government is aware of heightened concern over foreign workers during the pandemic. >> we have to adjust our policies. we will continue to welcome foreign workers and immigrants. as we must. vonnie: the tokyo olympics artificially over. the most expensive olympic games ever held. the ioc president said the french flag was raised inside the tokyo stadium. the olympics are in paris in 2024. the olympic flame was extinguished. global news, 24 hours a day, on air and on qui