shery: we are seeing u.s. futures gaining .25% at the open after they dropped from record highs last week. they trimmed their biggest monthly advance since november. we did get broad beats with earnings results in for more than half of the s&p 500 companies. we are seeing u.s. futures gaining .3%, while wti futures really not doing much after posting again in april of more than 7%. take a look at some earnings coming up. it is a massive week. some pandemic names to watch. moderna, pfizer, uber and lyft also reporting. hilton hotels. names like wattana and activision blizzard, not to mention gm and vw. we do have a very busy week ahead. paul: let's see how asian markets are shaping up new zealand, just a few points stronger. a few major markets closed today, japan and china along with thailand and vietnam. aussie futures looking mostly flat. first half beating expectations. the interim dividend, $.58. aussie tenure fairly stable ahead of tomorrow's rba decision. korean futures looking a little weaker. today is

shery: i am shery ahn in hong kong.tories this hour, stocks look for a steady start as investors continue to weigh inflation risk. the yuan comes off its most rapid weekly gain this year. china pmi numbers are do about one hour from now. we get a preview of what to expect with michelle lam. malaysia announces a two week national lockdown all singapore's prime minister prepares to reveal his vision for controlling covid. haidi: let's look at help major markets are opening across asia. this monday morning, sophie. sophie: we are wrapping up the month of may with parts of japan and malaysia under lockdown, the state of victoria and australia also under lockdown and in tokyo stocks open to the downside. a healthy breakout of a two month downtrend of the end, gp slightly higher here ahead of the biaggi's bond buying private as we digest latest factory output data from japan. we saw it arise at a faster pace in april but missed estimates. in south korea, additional output following a: but the cost beginning ground, heading fo

shery: the u.s.nning out of that pool of people that actually want to get vaccinated now that the shots are widely available. how do you get there? when it comes to vaccine hesitancy or anti-vaccinations, is this about trust? is this an issue of public health education? how do you get there? nancy: they have been doing a lot of interesting things. in ohio, they are having a lottery for $1 million every week for people who have been vaccinated. i think in new jersey they are offering free beer. there are lots of things being used to motivate people. but essentially, you have to understand why people aren't vaccinating and there is no one reason. i don't think there is one silver bullet that will get people to be vaccinated. now it starts, looking at specific demographics. your point about trust is important. people who are vaccine hesitant versus anti-vax, some people you will never reach but there are some people who are vaccine hesitant. working through the health care practitioners, the family doct

shery: welcome to "daybreak: asia." i am shery ahn in new york.tts in sydney. . we are counting down to the major market opens. president biden is likely to continue trump's china investment ban, ignoring wall street's call to roll back restrictions. the world looks to china for vaccine support as india's inability to deliver on supply

shery: mark cranfield.n the story and all of the days trading on our markets live blog. on mliv . let's get to vonnie quinn. vonnie: the european 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 t

shery: emily chang. to tune into bloomberg radio to hear more from the big newsmakers and get analysis from the daybreak team now broadcasting live from our studio in hong kong. plenty more ahead. stay with us. ♪ shery: here is a quick check of the latest headlines. disney fell after it reported fewer streaming customers than expected last quarter. disney plus subscribers came in lower than forecast as production delays caused by covid-19 meant a lack of fresh content. the ceo says bookings have started to recover. >> today with the cdc's guidance in terms of the relaxation of the masked requirement, we think it is going to be a big catalyst for growth and actually being able to put the number of people in our parks we are more accustomed to. it is very positive. our future bookings are looking great. in walt disney world, they are back up the 50th -- to fiscal year 19 levels. shery: the value of new business up 19% in the first quarter. new business value rose to over $1 billion with new business margin

shery: i am shery ahn. asian substitute track wall street lower after key u.s.lerated at the faster rate since 2009. bitcoin tips along with tesla she after elon musk dispense using it to pay for vehicles

shery ahn: the u.s. warns people not to travel because of a fresh flow of confidence ahead of the olympics. take a look at what wall street is doing now, u.s. futures are gaining a little bit of ground after the s&p 500 rose in their new york session. almost all grouped in the s&p 500. tech led the gains. climbing as inflation fears ease. nasa 100 outperformed the index out the closing of the two week high. crypto reeling to stocks near the session highs after elon musk tweeted that he is in talks with bitcoin miners about their energy usage. we are seeing wti coming online after a little bit of pressure, climbing the most in a month. they remain in negotiations aimed at reaching a deal to end u.s. sanctions. let's see how we are standing up for the asian open. here is sophie in hong kong. sophie: looking at a mixed start for asian markets after we see the index with a little change as the gain from cyclicals was offset by the drops we saw in tech shares. in the currency space, the yen is off after edgin

shery: good evening from bloomberg world headquarters, and shery ahn. the top stories. the biden administration agrees to covert shots for the first time. the president says the u.s. will be the world's vaccine arsenal sharing at least 20 million doses by the end of june. haidi: the west cancels it singapore meeting as the virus cases spike and elsewhere around the world. the travel bubble with hong kong also back on hold. shery: a bloomberg skate. china is pushing to join the trade deal that was designed to exclude it. officials from australia and other countries have been talking with chinese counterparts. haidi: it's ceo. shery: this is a picture, u.s. futures muted at the open after the s&p 500 fell for the first time in three sessions. nasdaq 100 underperformed. chipmakers continue to be under pressure. this is the philadelphia semiconductor index dropping 10% from a peak in early april, entering technical recession. the dollar also was under pressure today, after we saw the weak chinese retail data overnight. we saw it advanced. it is now under pressure. take a lo

shery: i'm shery ahn.ur top stories -- asian stocks poised for a weaker open after inflationary signals from soft u.s. eco-data ways on wall street. a reversal in fortunes in the bloomberg covid resilience rankings. asia-pacific countries are the best places to write out the virus. shall mean says the u.s. court has formally lifted all restrictions on shares as it prepares the report earnings. we take a look at what to expect as it emerges from the pandemic. haidi: let's take a look at how we are setting up this midweek session. sophie. sophie: we may see some consolidation at the msci index cap with a four-day gain. that is the best winning streak in about five weeks. we are seeing a move to the upside for nikkei futures in chicago. kiwi stocks gaining some ground ahead of the rbnz decision. looking for any tapering potentially from governors lady today. the dollar in focus. it has slipped to a january lowl , while trading at six year lows. that is why the yuan is trading at a three year high. we will wat

shery: the d.c.partment, the illinois attorney general's office, really a wide array of attacks we have seen recently and more brazen attacks at different levels. how difficult is it to shore up defenses in all of these levels, which is not the federal agencies but also the local agencies that do not have the capital, do not have the resources to shore up there cybersecurity? >> this is precisely the problem. we saw a wild ago when there was a big computer worm, from north korea, that knocked out the national health system in the u.k. partly because they had older technology and did not have the funds to protect their systems. we have to figure out how to get resources to them. the one thing i am more bullish on, more optimistic on is the biden administration, from the day they came in, they said cybersecurity is going to be a priority at every level of their administration. we have seen our department of homeland security say they're going to do a sixty-day spread on cybersecurity. one change i have

shery?get insight and marketing -- insight in navigating market volatility. our market coverage continues. " bloomberg markets: china open" is next. this is bloomberg. ♪ tom: good morning. not :00 a.m. in beijing and shanghai. we are of course counting down to the open of trade in the chinese mainland and hong kong. our top stories, china continues to drive global growth. data due in the next hour is expected to show its factory led recovery likely broadens to consumers. asian stocks start the week on firm

shery: welcome to "daybreak: asia." i am shery ahn in new york. haidi: i am haidi stroud-watts in sydney. . we are counting down to the major market opens. president biden is likely to continue trump's china investment ban, ignoring wall street's call to roll back restrictions. the world looks to china for vaccine support as india's inability to deliver on supply comes amid record covid cases. the fed sounds a warning that a rising appetite for risk is stretching valuations and creating vulnerabilities in the financial system. shery: we do have breaking news. we are getting balance of payment numbers out of south korea for the month of march. we are seeing the current accounts widening to $7.82 billion year on year. this from a revised $7.9 billion in the previous month. when it comes to the goods and trade, also widening to $7.9 billion. this would be also widening from the previous month. revised of $5.9 billion. when it comes to the current account surplus, sites are narrowing to $7.82 billion from the previous month. we have seen pretty strong

shery: good morning from new york. haidi: india's prime minister continues to resist pressure to lockdown the country. australia facing a backlash for barring citizens from returning home from the south asian nation. jerome powell says the u.s. economy is making progress but the recovery has been uneven. traders getting more data as an placement -- inflation is at the forefront of debate. and worn bait -- warren buffett names a successor. shery: u.s. futures study at the open after stoxx finished the session mixed. we have the s&p 500 rising with commodity and industrial shares gaining ground. tech and retail weight on the index and we have the nasdaq 100 underperforming. the 10 year yield fell following a support showing u.s. factory growth easing in april. fed chair powell so the economic recovery is making real progress but gains have been uneven. we have the u.s. treasury now saying they will more than quadruple their estimates through june as the government spends its way out of the downturn. we have the dollar la

shery: yes. to some extent the market is beginning to digest the implication of these rules. for example, some of the companies additionally had a larger premium, i.e. the likelihood of alibaba for tencent bind the company -- buying the company. given these new anti-map of the rules, -- that translated into opportunities. that is where we are actually adding small positions to add to our bond portfolio. shery: teresa kong, great having your insights. here is a quick check of headlines. wework founder adam neumann is set to see his payday grow as the company plans to go public through a spac deal if successful. he was awarded shares worth more than $245 million at the current price of the acquisition, which is expected to merge with the shared office space provider. the extra stock was awarded to him by softbank in february as part of a settlement agreement over his 2019 exit package. pay tm is planning to go public in what would be india's largest if you ever. bloomberg learned india's leading di

shery: welcome to daybreak: asia. asian stocks set for a volatile session after a tech selloff in the u.s. janet yellen's inflation remarks rattle markets. the secretary clarifies she is not predicting or recommending a rate hike. an exclusive interview shortly with a and z ceo to break down the bank's earnings. commodities touch their highest level in almost a decade as a rebound stokes demand across the sector. haidi: let's take a look at the set up for markets across asia. sophie is in hong kong. sophie: japan, south korea and china offline midweek. it will likely be a muted sector. volatile moves fueled by janet yellen's comments. the greenback is holding on to gains near a two week high. check out the kiwi dollar. rising .4% on the back of first quarter jobs data. a beach from new zealand. we have a bunch of the asian pmi readings do. -- readings due. in australia i, futures pointing to losses. more upside is -- we are seeing wti extend gains above 66 bucks a barrel. this as we saw the bloomberg gauge of commodit

shery: good evening from new york. top stories this hour, inflation worries lead to another day of losses on wall street. technology shares paired earlier gains as rising commodity prices sparked fears of higher prices. haidi: china sink scrip to currency with a warning that they cannot be used as payment. they say they are not real money. shery: the race for the top post at j.p. morgan is growing closer. leadership overall puts two women at the front among those likely to succeed jamie dimon as ceo. this is the picture cost wall street. u.s. futures under a little bit of pressure after we saw the s&p 500 falling. we had a day of gains and losses despite solid results from the likes of macy's and home depot. we will hear from target and lows as well later. you can see the energy sector, the worst in two weeks. this put into context after 40% gain year-to-date. the dollar index we saw is falling to around a four month low. rick's sentiment was boosted by comments from the fed vice chair that play down the risk of policy

shery: oatly ceo toni peterson.eportedly bonuses for employees following the archego scandal. sources say the lender is keen to stem defection in the investment banking division. we are told other options have been discussed but no decision decision -- decision finalized. credit suisse declined to comment. -- europe's sovereign debt crisis, other banks penalized, ubs says it took actions years ago to improve processes and is considering an appeal to the $100 million fine the eu. paul: looking at live xers of gaza city's -- looking at live pictures at the gaza city skyline just minutes before a cease-fire is supposed to take place, egyptian-brokered cease-fire ending in 11-day unconditional, bilateral truce set to take effect in the next few minutes. we heard this hour u.s. president biden praising the truce between the sides after 11 days of this conflict, killing more than 200 people. this is bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving.

shery: i am shery ahn. asian substitute track wall street lower after key u.s. inflation readings accelerated at the faster rate since 2009. bitcoin tips along with tesla she after elon musk dispense using it to pay for vehicles, citing environmental concerns. the latest on the vaccine rollout and global challenges ahead with a member of president biden's covid-19 advisory board. dr. also home joins us -- dr. osterholm joins us in 30 minutes. haidi: let's take a look at early trade as we count down to major markets opening and they are expected to open lower tracking the continued selloff we saw on wall street. this after u.s. inflation readings dropped the most since february bond yields, jumping also on concern. it could stifle the economic recovery and lots of concerns about whether this is a transitory level of reflation. futures pointing lower across most of the region, including sydney futures a pipe .4 of 1%. nikkei futures trading in chicago turned positive. it doesn't like we will get a stabilization -- does look like we will get stabilization. .1 of 1%

shery: i'm shery ahn.ries -- asian stocks poised for a weaker open after inflationary signals from soft u.s. eco-data ways on wall street. a reversal in fortunes in the bloomberg covid resilience

this is bloomberg. ♪ shery: welcome to "daybreak: asia." i'm shery ahn.ney. asia's markets have just opened. asian stocks set for a week after inflation concerns drag on wall street for the second day. australia looks to run a hot economy. we will be speaking with the finance minister.

on china shery: also -- pressure on china. shery: also big news today that the u.s.ill support waving intellectual property rights for the covid vaccine. this seems to be a huge change from a few days ago when they said they wanted to expand u.s. manufacturing. what can we expect from the wto? emily: it is definitely big news that the u.s. is going to support this waiver for intellectual property protections. the key thing is that the u.s. said they are on board, but we have a long way to go. there needs to be other countries on board as well with waivers, and other countries have concerns. it is not just the u.s., it is the u.k., other european nations who have been holdouts on making sure that the intellectual property i'd to this vaccine is more widely available. the hope we have heard today is the u.s. coming out and saying they are supportive of this waiver, that there 80 other countries too, saying that if the u.s. is on board, we are also on board this is as we see a crushing amount of covid to cases including in india, a crushing outbreak there. and in the u.

shery: i am sophie kamaruddin in hong kong. -- i am shery ahn. the u.s. trade chief gets set for a first discussion with chinese counterparts. -- could speak with beijing officials on wednesday as she seeks to build on a trade deal. big oil. exxon shareholders voting with board members while a dutch court orders shall to speed up emissions cuts. the justice department opens an investigation into the meltdown of a capital company that left big banks nursing $10 billion in losses. haidi: let's get it over to sophie kamaruddin, taking a look at the start of trading this thursday. sophie: futures little changed in asia after the index capped its gains. we will be watching chinese tech names after xiaomi's earnings came out. we have lenovo's report later this thursday. on the calendar, the bok policy decision. looking for any tweaks to inflation and growth forecasts. in new zealand, the are being governor -- rbnz governors saying they see a path to tightening by mid-to-late next year. the kiwi dollar has given up the gains we saw yesterday, sparked by the rbnz

shery: still ahead, the u.s.ecretary 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 impact supply, and will the u.s. do anything to help?

shery: i am shery ahn in new york. welcome to "daybreak: asia their asian stocks open the week mixed. beijing dealt crypto a blow vowing to clampdown on mining and trading. the global chip shortage could be further worsened as taiwan's covid accounts continued to climb. we have further insights into china's bad banks and whether the central government will rescue huarong to prevent a debt disaster. look at the markets right now. we are seeing kiwi stocks under pressure a little bit right now as of course we have the new zealand retail sales numbers for the first quarter excluding inflation rising 2.5% quarter on quarter beating expectations. u.s. futures under pressure after stocks ending the week mixed. for the week we sought gains for the nasdaq 100. citibank futures under pressure alongside u.s. futures. brent gaining .25 of 1% after its worst week and almost one month as investors pricing potential impact of iran deal releasing new crude into the market. haidi: we are seeing movement when it comes to bitcoin this a

shery. shery: haidi. haidi: another setback for singapore.ubble has been delayed for a third time. really disappointing, right? reporter: it was meant to take place in december. it has been delayed. with the operate we are seeing, they just cannot meet the criteria for this bubble to take place. a delay yet again. a blow for singapore as hong kong re-classifies singapore is a high risk destination. joining the likes of argentina, italy, japan, malaysia, all in the same category. which means those traveling from singapore to hong kong will be required to go through a quarantine of 21 days. both cities say they remain committed to this bubble. they will revisit this bubble mid june to see how i can go ahead. -- see how it can go ahead. i do not think we are going anywhere this year. haidi: it has been a big exercise and comfortable where you are. our chief international correspondent for southeast asia. still ahead on "daybreak," the surge in taiwan. will assess it -- we will assess it with someone who was at the forefront of the islands respon

shery: how long would that take?k at how long it took for a number of diseases, it is many years to achieve that. the benefits of having that goal is that we start to live in countries that don't have circulating virus as we do for much of the western pacific region now is living in countries that don't have circulating measles or rubella is saving tens of thousands of lives. with covid-19, we don't know how serious this illness is. young people as well. the idea that we should just accept that this will become an endemic infection has to be questioned. what we will see is across the high income countries that are rolling out comprehensive vaccine programs, plus probably requirements for travel that you have a vaccine certificate, this may become a disease that we don't have to live with. i am always concerned if people rejected the idea that elimination should still be a good target. it is protecting around 20% of the world's population now largely based on public health measures with additional vaccines it would ju

shery: -- what happens in australia.: we saw the yuan touching multi-year highs against a basket of peers. what does that say about that? guest: policymakers have come out to signal they are watching very closely, saying they don't want it to be a one-way bet. what investors and traders are saying the pushback is relatively mild. chinese policymakers are saying they don't want to see one-way and they want to slow what they are seeing rather than reverse it. they are largely seen as relying on weaker daily fixes and not intervening in the market, but basically they are trying to keep speculators at bay. haidi: our cross at it -- cross asset editor there. we will get manufacturing pmi's later expected to show the recovery continuing. let's go to tom mackenzie in beijing. how much resilience are these pmi readings expected to show? tom: certainly in positive territory. you are looking at a print of 51.1, which is in line of what we saw in april. a little more negative on this from bloomberg economics, expecting a slowdown b

shery: always great to have you with us.the sydney session, lackluster, after three days of gains. some declines, even after the double unwinding from bad debt provisions, and the economy driving cash earnings to $2.6 billion, a beat on estimates, but not having priced in that better expected number four nab. join me for that interview later. let's get to first word headlines with vonnie quinn. vonnie: top g7 diplomats have singled out china after two days of talks in london, calling on beijing to engage constructively in the rules-based system, while alleging human rights abuses in two regions and supporting involvement in the who. leaders meet next month and the u.k. the u.k. will lift a ban on international leisure travel, but only to the handful of locations. destinations could include malta, iceland, and israel. testing will be mandatory. airline say it is too costly unlikely to put people off traveling. the philippines could see its vaccine supply jumping 7 million doses with new deliveries from china and russia and co

shery: welcome to daybreak asia. i am shery on. haidi: and i'm haidi stroud-watts.kets open for trade, our top stories, asian stocks that arise after u.s. stock rallies by tech rebounds, optimism over improved jobs report. tencent is pledging an investment spending spree that will up the ante for competitors in china's post-pandemic internet space. south korean president and joe biden set to meet, the south korean president is making an effort to revise negotiations. shery: was look at the action. sophie: astrazeneca and moderna vaccine's are being approved for -- approved for use in japan but there is also concern about the rising iris and osaka, we are keeping an eye on japanese stocks, the nikkei to do five up for the second week. the yen is trending below one, getting ahead of 20 year options. semiconductors and north korean mines when the president meets with president biden, we are keeping an eye on chip-related names, gaining 1% of the start of cash trade, continuing to boom with robust -- a faster pace of vaccination. gaining ground background that 1128 hedd

shery: i am shery ahn in new york.aybreak: asia their asian stocks open the week mixed. beijing dealt crypto a blow vowing to clampdown on mining and trading. the global chip

shery: i am sophie kamaruddin in hong kong. -- i am shery ahn. the u.s.rst discussion with chinese counterparts. -- could speak with beijing officials on wednesday as

shery? shery: could be applying to commodities as well. chart watchers saying about this year? su: typically it does. may is usually a weak month for commodities but the charts are saying the opposite. do not touch to the dial. jp morgan seeing 10% gains in commodities but if you look at lumber, it has been on fire. demand from homebuilders skyhigh and shortages also very much a factor. 10 at risk of a super spike. it will carry prices much higher. it is already up 40% year to date. a lot of the producers out of indonesia and malaysia so there shortages there. the stunning demand for building materials is another big part of the story. people cooped up in small homes or apartments now want big homes and there is not enough materials to build them so that is making prices higher. shery: that makes sense. we have all suffered through this pandemic. su keenan in new york. this is bloomberg. ♪ shery: let's take a look at cryptocurrencies with ether soaring. digital tokens will eventually replace paper currency, according to one guest. he told

shery: what exactly happened today? there seemed to be no clear reason that we saw thousands of dollars evaporated in the morning session. >> it was not clear and i think that was the biggest concern for people who are either on twitter and using coinbase and financed a trade or institutional money managers and the biggest concern, some of the biggest feedback i have gotten is selling leads to more selling so when people saw the cryptocurrencies continue to get into a route, they continue to sell, there is panic selling, then when elon musk tweeted out and kathy woods said we still believe the 500,000 dollar price target, we saw some bounce, but it was a lot of selling be getting other selling that has been the reasoning that has helped lead to the volatile sessions. shery: great having your insights into what happened in the crypto world today. next, china's negative earnings in focus, tencent out to prove that it can weather the storm of antitrust. we will have a preview. plus, australia's april jobs data in a couple

shery: right.e commodities. we continue to get that inflation narrative, as these commodities keep gaining ground. we have seen that incredible rally. something real interesting happening, argentina trying to control runaway inflation, bee f inflation approaching 50%, so they're attempting to ban the exports of beef, and a lot has to do with china consuming so much of the world supply. argentina supplies 22% of china's beef imports. that appetite continues to grow. haidi: yes, as cattle herds dwindle in australia. lots of concerns that the ability and concerns over food security as prices continue to skyrocket. coming up, we would talk about the property market, asia-pacific, the head of research is with us. this is bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it

shery: good evening from new york, i'm shery ahn. haidi: these are the top stories is our.dent biden may proceed with trump's china investment ban, ignoring calls to rollback restrictions. australia

shery: good evening from bloomberg world headquarters, and shery ahn. the top stories.istration agrees to covert shots for the first time. the president says the u.s. will be the world's vaccine arsenal sharing at least 20 million doses by the end of june. haidi:

shery: good evening from bloomberg's world headquarters in new york. haidi: u.s. three-day slide. industrial and financials lead the gains with investors turning from growth

shery: do they care about those environmental concerns? to be honest, that is not feedback we have received in any volume from our client base. this narrative around the environment is probably just another stone to throw at bitcoin. this is something that has been known in terms of the consensus mechanisms, the type of energy that is used. what is interesting here is how the narrative shifted from being a problem from the producer to the problem for the user. we went from leaded to unleaded petrol, we did not ask people to drive their cars less. we moved the point of production and made the change there. from where i'm from in ireland, we moved from a smoke field to smokeless. this is another stone to throw at bitcoin. haslinda: that was the btc markets ceo. let's do a quick check of business headlines. u.s. listed chinese education stocks rebounded after reports the ban in beijing was denied. the city's district refuted what it called speculation about a ban during summer's school vacations, calling untrue. the slide in chinese education

shery: welcome to daybreak: asia.r a volatile session after a tech selloff in the u.s. janet yellen's inflation remarks rattle markets. the secretary clarifies she is not predicting or recomm

shery: good evening from bloomberg's world headquarters in new york.g commodities prices stoke inflation concern. traders fear rising prices will spoil the record run to equities. ga

. >> and good evening from bloomberg's world headquarters in new york i am shery ahn,. this hour. president biden is set to unveil a $6 trillion budget proposal even as the markets f

. >> good evening from bloomberg's headquarters, and new york i'm shery ahn.ead shares as inflation shares are easing.

shery: good evening from new york. haidi: these are your top stories. jitters in the markets. u.s.ond yields jumped after inflation rose the most since 2009. the

shery: the top stories this our.l street fall from the latest economic reports overshadowing dovish reassurances from federal officials.

shery: good from bloomberg world headquarters in new york.hour, technology shares lead a rebound in u.s. equities after a positive job report rekindles optimism over the economy. ♪ haidi: bitcoin pairs

fmr pm blair: thank you, sheri, and thank you mark and everyone at the wilson center, it is great to be with you today. this report is based on a very simple concept, which is, that as we can see from what has happened in india, you have a variant of concern from south africa and brazil, california, the u.k. the greatest risk we face is that the virus keeps mutating and if it keeps circulating the risk is that we get a mutation against which the vaccines are less effective or ineffective. so the important thing is to , try to control and get on top of the disease as fast as possible. so the concept at the heart of this paper is to say ok the u.s. , and the u.k. may be vaccinating a lot of people, but it's also in our enlightened self-interest that we vaccinate the strategically vulnerable populations in the world. this paper is a detailed plan as to how we do that. how we produce more vaccines get it distributed and absorb more countries do that in a way which , and do that in a way which allows us even in those countries that won't get fully vaccinated, to vaccinate at least the mos

shery: good morning from new york.dia's prime minister continues to resist pressure to lockdown the country. australia facing a backlash for barring citizens from returning home from the soh

shery: good evening from new york., inflation worries lead to another day of losses on wall street. technology shares paired earlier gains as rising commodity prices sparked fears of higher prices. haidi:

i have this story this morning which was broken by sheri markson and she said chinese military scientistsvirus five years before the pandemic, outlining that a third world war would be fought with biological we pons, senator. your reaction. >> let me say, does that shock anybody? it certainly doesn't shock me. maria: no. >> when you see what china's doing with its militaryization of the south china sea say sea islands.it should bog he'lld that anthony fauci continued to apparently fund research and cooperate with the wuhan lab. he had to know full well that the wuhan lab, any organization in china, is expect connected to the communist party of china as well as the liberation army. what were we doing, cooperating with china. these are serious questions and we need answers. i've been trying to get answers out of federal agencies for years and i'm not holding my breath. maria: well, we continue to see news around hunter biden and his ties to china in terms of investing. he still has a 10% stake in a chinese company there. what are your thoughts in terms of this administration and their abili