perhaps people are looking at that and asking her, as they have done, whether this commitment to southeast asiae which we can really believe in, given what has been going on in south asia as well. we are looking at this. she is planning to say that the indo-pacific is a priority for the united states. and she is talking about what is going on with china. of course, she has been peppered with questions about events in afghanistan. that is a look at what we have. that lectern, waiting from -- waiting for the vice president. yvonne: we were just talking about the former u.s. ambassador to singapore and he was saying that the up accident look good on the back of what is going on in afghanistan. we will need something beyond symbolic trips to south asia. we will need something of substance. they have been waiting for a decade now for some kind of time, energy, resources into this region, and we have yet to see something of substance. and there will be questions on how this plays into china's hands. this narrative doesn't speak to what jane has been talking about, whether the u.s. commitment is somet

looks at southeast asia and really how southeast asia looks at the u.s. , especially now in light ofl of kabul in afghanistan. the questions that are in many cases coming from china, being imposed by china and chinese allies, saying, what does a u.s. commitment really mean? what is an american guarantee worth? rishaad: derek, also, what would constitute a success in this meeting? or is this meeting in itself, or should i say this tour, in itself, actually perhaps that in itself is a success? reporter: i think that is a good question. honestly, this was going to be a much easier trip before the afghanistan issue. singapore and vietnam are not really geopolitical trip hazards for an american vice president by any stretch. i think with singapore, it is sort of a touch base, shake hands, friendly relations, wave the flag sort of deal. vietnam has some real issues with covid that have impacted supply chains, and rbc supply chain has been a massive thing -- i know that is a thing harris wants to talk about. covid there is the critical grip on supply chain, so you have to solve one to solve

haidi: kamala harris has touched down in singapore to begin her first trip to southeast asia as part of the biden administration. she is scheduled to meet with the prime minister on monday. our senior editor joins us now. what are the priorities as the vp touches down in asia? >> there are a couple of priorities. supply chain was one of them. beijing was one of them. every time the u.s. is talking about asia, it is talking about the china contract that it looks to make. the whole trip has been overshadowed by afghanistan. that news coming on i think has really made this a more important trip than it would have been otherwise. this was supposed to be a trip for the vice president to two friendly countries in asia, in singapore and vietnam. now the question is going to be, after afghanistan, after that exit, what does that mean for the u.s. perception of power abroad, particularly in a place like southeast asia where that is such an important thing, as the u.s. wants to show that it is pivoting to asia, that it is in asia for the long-term? i think the way the vice president puts forwar

is emitted to southeast asia.hat is the message the southeast asians -- southeast asian leaders are concerned about. they are all quite aware that under the previous administration, the united states withdrew from the transpacific partnership. president trump visited the region several times to meet with kim jong-un. he went to singapore, to vietnam. but beyond that, was not terribly engaged with southeast asia itself. that is something the biden administration is really trying to address now. manus: thank you very much. bruce einhorn, the latest on kamala harris and her trip to singapore and asia. let's get the first word news. >> thanks. sweden's prime minister is to step down in november after seven years in power. his unexpected announcement in a speech on sunday could open the way for the finance minister to become the country's first female leader. bloomberg has learned janet yellen has told senior white house advisers she supports reappointing jerome powell as federal reserve chairman. the white house has b

and briefly, just to say, what are you seeing in terms of an imminent threat in southeast asia?nks to al-qaeda within southeast asia are old, most of the pro—al qaeda groups have trained with the mujahideen in the 1990s and the fact that the leading pro—al qaeda groups in the region in indonesia are under police crackdown at the moment. hundreds of their members are injail. we can say that their imminent threat is low. i think the long term threat from this taliban victory is actually the model of islamic state that the taliban would promulgate and then it would become something groups would want to imitate here. the opening ceremony for the delayed paralympic games has wrapped up in tokyo. 4,000 disabled athletes from more than 100 and 60 countries are taking part in two weeks of competition. as with the olympic games, stadiums will be largely empty but tokyo's national stadium was still the focal point of the ceremony, which started with a firework display against the skyline of the city. dozens of dancers started the show, invoking the japanese tradition of puppetry. then cam

yvonne: the latest on all things southeast asia. can turn to the bloomberg for more on indonesia's conversation. other things we are tracking in the region. malaysia, the political situation. prime minister muhyiddin yassin told his government he plans to resign, furthering challenges in the pandemic hit country. we are joined by our government and economy reporter in kuala lumpur. we have heard and the prime minister has resisted calls to step down before since he has taken office. why is he doing it now? reporter: malaysia's politics is very messy. he has been resisting calls to resign. he had a pretty fragile hold on his majority. but why now? the majority was apparently lost when lawmakers were not backing him anymore because of his handling of the pandemic under a state of emergency. travel was suspended for over half of the year, locked down lockdown, yet cases continued to door to record highs. he did try to make an appeal to the opposition to get support ahead of a confidence vote, but they outright rejected him. his options

that is not an issue, particularly in southeast asia.s very, very strategically import for the u.s. especially in light of us looking for a real alternative to china. >> thank you so much for your time, bindiya vakil. ceo of resilinc. a supply chain management software company. coming up, more than a triple valuation for the company, we speak to the ceo. this is bloomberg. ♪ >> this is bloomberg markets. i'm matt miller. young professionals who fled larger cities at the onset of the pandemic are flocking back now and the demand for rental properties is increasing. joining us to discuss is andrew collins. he is the ceo and founder of bungalow. an online marketplace for residential real estate, more than tripling us valuation to over $600 billion after inflated funding rounds. talk to us about the rental market. i can imagine, especially as people find buying a house is getting more and more expensive by the minute, they would rather go back to new york, san francisco, miami, and rent an apartment there. >> that's exactly right. we saw a l

another interview from southeast asia.pping giant is propelled by its listing encourager product esther -- jakarta on friday. people her from the president. novavax filed for its vaccine in india, indonesia, and the philippines. the company ceo expects to file in the u.s. sometime in the fourth quarter. we spoke to bloomberg about the company's plans. >> we had three major announcements. one was, of course, deciding the agreement with the eu, which says there is continued significant demand for our type of product you're the second was we have data that came out that was announced today that shows our vaccine works well and this could be effective against the variance that we hear about now. those data were prepared today. the third -- these fit together well -- is our first regulatory filing for approval for the vaccine for authorization. filed it in india first and in indonesia and the philippines, where we are working with our partner and they know that the process as been working with the d cgi, the fda of india closel

it is this entire supply chain across southeast asia and parts makers in general.ly, you are not looking at toyota -- it has taken them longer to turn over all of their inventory. you see the buildup of 41 days. just to flip things around and really have a look at southeast asia, you had plant closures in thailand and that has been extended. they announced that last week. you will get an vacation -- an indication of where those are when you browse over that model involved. this is a very important part of the entire supply chain of toyota. it's not just chips. it's pretty much across the supply chain as it pertains to this part of the world. shery: tell us a little bit about what is happening in southeast asia and why that is important. david: suppliers. it is not just being able to say here is the factory and these are the models. these are what happens in stock markets. the stock performance full-screen here. some of its own suppliers within that specific market and as you can see, they really underperformed this market. the market knows about this. keep your eye

meanwhile, kamala harris is in southeast asia right now, seeking to reassure u.s. allies over its commitment to the region as she faced a volley of questions on afghanistan during her visit to singapore. vp harris: there is no question there will be and should be a robust analysis of what has happened, but right now, there is no question that our focus has to be on evacuating american citizens. afghans who worked with us, and vulnerable afghans, including women and children. shery: afghanistan overshadowing her trip to southeast asia. >> it has definitely become more difficult for the vice president to assure allies that the u.s. has their back, especially given all the images we are seeing on tv coming out of after data stand. she spoke and said the end of pacific region is a big part of what is next for the u.s. and not the war in afghanistan that echoes what the president has said about china and russia being part of the challenge in the future for the country. back here at home in terms of how the afghanistan situation has overshadowed this trip, the white hous

. ♪ >> what we saw a recently is some improvement, but unfortunately in southeast asia, the pandemicnd we are seeing an impact on the global industry again. guy: that was the nissan coo talking to bloomberg yesterday. the news overnight out of the auto sector is that toyota has seen shares fall quite significantly after the company cut its september output due to chip shortages. it is projecting a reduction of approximate we 60,000 to 90,000 vehicles in august in north american plants. joining us as bloomberg's craig trudell. my understanding was that toyota was managing this chip crisis really well. in fact, it was outpacing its rivals. is there a connection between we just heard from nissan, now talking about toyota? is this a problem that we are seeing between these two companies, and is there a kind of connection between what they are saying? craig: there absolutely is, and it was incredible, the news out of nissan earlier this week that they would have some downtime at their plants in tennessee related to issues in malaysia. so this is i think a perfect example of just how far t

a la southeast asia editor. headlines on _ afghanistan. a la southeast asia editor.f thrilling sporting action — the tokyo olympic games end with a spectacular closing ceremony team gb cyclist jason kenny successfully defends his keirin title to become the first briton to win seven olympic gold medals. reports from northern afghanistan say there's heavy fighting in the city of kunduz, where government forces are trying to push back taliban militants. ferries have been evacuating hundreds of residents and holiday—makers from the greek island of evia, as wildfires continue to threaten homes and villages there. long queues of cars have formed at one port. residents are taking what they can with them, including pets. some have expressed their anger over what they see as failures of the greek authorities. our reporter bethany bell is on the island. here at the port, people are queueing up to get on ferries to take them back to the mainland. people have been receiving emergency alerts on their phones here in parts of the north of the island warning them to leave. we spoke

we will talk more about southeast asia on the others of this break.on coming through back below 2% on your 30 year yield. japan heading into their lunch break. four basis points above zero now on your 10 year. this is bloomberg. yvonne: this is the china court saying they are going to be jailing the canadian citizen for 11 years on spying charges. this is just what we are getting so far from that court. but we were expecting this verdict to come in sometime today. we are still living for -- still waiting for a little more detail. let's bring in bruce einhorn to talk us through the details. 11 years? what more can we expect out of this? bruce: we're still waiting on the who also was put on trial for alleged spying. we don't know when the verdict is coming down. we know he has been given 11 years. cases like this could get sentences from 10 years to life. it was possible we might see something around the size or something worse for the next case. david: here we go. the verdict is guilty. the sentence is 11 years. this is being calm political as well wit

let's look at southeast asia and see what we are watching now.iously the political situation in malaysia, the prime minister and his cabinet resigned after just 17 months and power. a crisis in leadership and a coronavirus surge. singapore is giving hundred $66,000 to a 16-year-old boy recovering from a cardiac arrest after having his first dose of covid-19 vaccine and markets are on watch as the peso dropped to a 14 month low. we did speak to the philippine central bank governor whose is a target of 6% to 7% this year is achievable for growth if the vaccine campaign remains on track. guest: we will bring it under 12%. there still a lot of liquidity in the system. there is no point cutting at this time. yvonne: breaking news. all morning we are talking about according to the new york time, the u.s. could start to begin offering booster shots as early as mid-september. that is according to the paper here that has -- there has been talks at says they need to have these third doses for the particularly vulnerable. it seems like we have a timeline fo

rachel: southeast asia is the latest global epicenter. entirely southeast asian economies. this is the plight of the developing world. they don't have vaccines, the shield of inoculations. rich economies are holding onto the supply of vaccines. it will have global repercussions for what is happening. southeast asia has so many consumer goods being produced. what is happening to those factories? that will show up in shelves not being fully stocked. the world is so interconnected. the lack in vaccines is continuing to have repercussions on the rest of us. tom: more supply chain implications. what we know about blood clots in vaccines? there was concerns about this early on. we have more data, it seems. rachel: we do. we have a large study from the u.k. that just came out. out of 10 million cases of people taking the astrazeneca vaccine, blood clots were evident in about -- in a very small amount. in covid, you get blood clots in over 12,000 people. really, the risk of blood clots -- there are so many other bad health impacts. it is so much h

the biden administration for its part said southeast asia is crucial to the united states future butg washington face increasing criticism of the celtic withdrawal from afghanistan. nevertheless, expecting a very important policy address, looking at the likes of semiconductor is in the supply chain issues president biden has been so vocal on. trying to alleviate some footage. after that address tomorrow, we are likely to see her then, the second and final leg of this tour before she heads home on tuesday. see you again soon. let's get some of the day's other news. the higher you go, the bigger the difference — new data has revealed that female board members at the uk's ftseioo companies are paid around a0 percent less than their male counterparts. that contrasts aginst the broaderjob market where women on average are paid 15 and a half percent less than men. more than 80 private covid travel test providers listed on the uk government's website will be issued two—strike warnings over misleading prices, health secretary sajid javid has announced.a further 57 firms will be removed from

especially southeast asia? anne: southeast asia plays a really important role.ore specifically, there is a lot of manufacturing. while we hear a lot about leading edge, a lot of the -- which semiconductors--which singapore has. they announced $4 billion of investment to increase their capacity within singapore for these more mature semiconductor technologies. vietnam and malaysia are important in terms of packaging, assembly, and tests. they play an important role. haidi: what is the bigger risk, geopolitical, or operational? anne: they are both risks and they are a little bit different. geopolitical is when i think we will see continue long after this current shortage. china has always wanted to secure -- other countries are seeing how important it is it semiconductors are such a critical part to every aspect of our economy and national security. semiconductors are not just pc's and phones but your data center, cloud infrastructure, communication, and automotive and manufacturing are becoming heavily reliant on semiconductors. the operational aspect in terms of

one the great stories of southeast asia, the story of fight for freedom and better life for all.f july 7th, vice president and mrs. nixon arrived in taiwan. at taipei airport, former minister and yu were the first to welcome them. ♪ ♪ >> also gather today greet the personal representative of eisenhower government officials and members of the diplomatic core. the vice president's visit was tremendously heartening to the communist china. the next day he conferred with president after giving him a letter from president eisenhower, a letter that strongly reassured china's leader and its people of steadfast u.s. support in their stand against communism with mrs. nixon and madame yang the two statesmen posed for newsmen. mr. nixon summed up the talks in a brief statement. i just had a conference with president chu in: g with regard to the relations between the government of the united states and the government of the republic of china and in this conference, we discussed the mutual problems and the mutual dangers which we confront in the world. the government of the united states and t

when we look through the archipelagoes in southeast asia. when we say we are here, we are here to set up for the rule of international law. that is something that all of those stations, even those who are hesitant, welcome. it allows them to hang their hat on that. they say to the chinese, you cannot do that. the americans are here. you are going to have to adhere to the rule of international law. just being a presence in the region is needed. >> the administration is showing that you think -- is the administration showing what you think is there? >> i have had conversations with different parts of the administration. they are very receptive. i spoke with a delegation at the tokyo olympic games. they were on their way to thailand. i spoke at length for pushing for more vaccines for thailand. the vaccine diplomacy we are doing is welcome. what is critical, we are giving vaccines without any strings attached. that is different from what the chinese are doing. they're coming in with their vaccine, strings attached to it. when the u.s. comes up

part of what we can count on is that we will have to be engaged in southeast asia, if not afghanistan, then elsewhere in trying to prevent the spread of those who would do so much harm to us. that is a challenge going forward, trying to figure out how to do that, where we place our investments in terms of intelligence assets and other investments? h.r.: and also to recognize that unless you are partnered with capable indigenous forces who have human intelligence networks to augment what you do with surveillance and other forms of communications, you will not be effective. what does victory look like? it looks like jihadist terrorists no longer able to advance their objectives through the use of violence against innocents. the way to do that is have them more worried about their own security than what they will do to you. the only way we can do that in a sustainable way is not the u.s. doing that alone but enabling others. that is what we were doing in afghanistan and what we walked away from. i'm afraid we will walk away from it in iraq. in iraq we said we are stopping military operat

let's have a look at what is going to happen in southeast asia today. >> we are watching the philippinetral bank. a rrr cut is on the table. indonesia reporting second-quarter gdp numbers. singapore reported 92 new covid cases, parking at second day -- second wave of infections -- marking its second day of infections staying below 100. >> looking at vietnam. jakarta ahead of the gdp numbers. malaysia is an interesting one. we have a bit of a political stalemate with a lot of pressure on the prime minister to resign. standing firm for the time being. pretty much unchanged for the time being. >> let's focus on indonesia now. covid related deaths have topped 100,000. it is the second asian country to breach that threshold and it is shifting away from its goal of reaching herd immunity. our senior medical reporter is here. tell us what is going wrong in the situation in indonesia right now. >> this is what we have been seeing across all of asia and southeast asia. they have done such a good job up until this point of keeping the virus under control that once that delta variant has gotten be

and i get to where it's time to think about leaving southeast asia. and they call up and say, well, we want to make you the bureau chief in moscow, in the soviet union. now, at that point i hadn't seen a winter in 12 years. and they're going to send me in the middle of winter to the soviet union. and that's what they did. that's where you go. you get the army mentality. they're going to move you every three years, somewhere. and you have no choice. so i went. and it was fascinating. i'm glad it was at the end of a long foreign career, because i understood what i was seeing, and i could go in there and tell them, look, i've seen much better-run dictator ships than you've got going here. >> and they probably listened to you, whether they reacted or not. >> well, they had no choice but to listen to me. what i understood going in was that anything they did to me as the upi bureau chief in moscow, we were going to do to the tass bureau chief in washington, d.c. and while i was not a professional spy, he was, a colonel in the kgb. and the russians never mak

neighbors in southeast asia are becoming frustrated.onesia's foreign minister has ursa military two point a special envoy, saying there is little progress on a plan to resolve the crisis. we will bring in our guest in just a moment. first this report from bangkok. reporter: as an aerobics instructor dances in myanmar's capital on february 1, but if the generals thought there would be a bloodless coup, they could not have been more wrong. months of military resistance in a violent military crackdown with nearly 1000 killed. six months later, the military is renaming itself a caretaker government -- government. the leading general giving assurances elections will be held soon. >> we must create conditions to hold a free and fair multiparty generational election. we have to make the preparations. but it is not clear under what conditions those elections will be held. since the coup, the military has outlawed the national league for democracy and rejected his landslide victory in november. new elections will take place under the military's

she also launches southeast asia 's blame for disease control. chinese officials have confirmed the reopening of a key shipping -- shipping terminal. the terminal will resume operations from wednesday. following suspension after covert outbreak. bloomberg news reported that they had -- ships had resumed operation there. global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. 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 with

i am watching southeast asia today.us situation is very much happening, indonesia extending curbs. second quarter results are due later on. thailand's cabinet is doubling its covid relief bill. david: let's talk about insurance, let's talk about tech. put those things together, you get a company called onedegree. they have raised $20 billion through series b funding and plan to use the money to expand across the region. they offer insurance for pets, homes, businesses, as well as cybersecurity solutions. let's bring in ceo alvin kwock. $28 million. what do you plan to use the money for? >> we have gone through the pro-democracy process and are doing extremely well right now. more than 90,000 customers in hong kong, which makes us number one at the moment. over 90% renewal rates as well. we now want to scale up globally. we already have strategic alliances in europe and asia. we are going to strengthen it. we are also expanding to more markets in asia pacific as well. yvonne: i have to ask you about china. you have a sma

tens of thousands took to the oceans and made their way to other places in southeast asia, including thailand, malaysia, indonesia, and the philippines. they sailed in boats that were hardly seaworthy sometimes. and an estimated 25 to 50% died at sea. if they were lucky to make it to land, sometimes they were forced back to sea by governments like thailand and malaysia that refused to accept them and take responsibility. those refugees who were fortunate enough to live on and make it to a refugee camp lived in squalid conditions, very difficult conditions, in thailand and elsewhere. by the middle of 1979, nearly 100,000 vietnamese boat people were in malaysia and hong kong. so far, i have only talked about refugees from vietnam and cambodia. but i should mention what are known as mong and lao refugees. this is an image of a traditional story cloth quilt. it's embroidery. a lot of stories about the war have been told through this traditional art form. looking at this image, what do you see? what do you notice? what story of war does it tell? do you see any depictions of war here? anyo

violence and political conflict in southeast three southeast asia continue to escalate, and continued to spur new refugee migrations. for example, in cambodia, the vietnamese invasion of 1978 brought in the downfall of the khmer rouge and the removal of pol pot in january, 1979. during pol pot's three and a half years in power, khmer rouge had killed 1.7 million people, which was about 21% of the cambodian population. with pol pot no longer in power, approximately half 1 million cambodian people who had managed to survive his regime sought refuge in nearby thailand. an additional 122,000 cambodian refugees joined them in thailand between 1980 and 1986. in vietnam, there was another out pouring of refugees known famously as the boat people. these people escaped by sea. they were people who had formerly been political, military or cultural leaders in south vietnam, some of them were ethnic minorities who were fleeing persecution. but 160,000 went, while tens of thousands took to the russians and made their way to other places in southeast asia, including thailand, malaysia, indonesia, a

his family was part of the hmong exodus from southeast asia. the cia. >> i remember my parents telling us that when we came to the u.s., we had less than a dollar to our name. you know, when i graduated from college, you know, my family's gift to me was $5,000. just with a little bit of hope, a little bit of support from my family, hey, this is what i built. >> reporter: even though rob's store, phenom, has faced setbacks, he's not deterred from trying to achieve his version of the american dream. >> i want to show my kids that you're going to have obstacles in life, and you can either lay down or stand up and keep fighting. you know, and i'm going to show them, you know, i'm going to keep fighting. >> you wouldn't be hmong if you quit. >> right. >> at what point did you start to embrace your community and start to really feel proud of being what honk? >> once i started going to these hmong festivals. learning more history about the hmong community and my people. >> reporter: what it all means today is immense pride, that sunisa lee, one of the

is really keen on the idea that vietnam is in a critical place in southeast asia. a critical place for global supply chain and you have to do something to fix covid or at least ameliorate it slightly in order to fix your supply chain problems. >> they have another lockdown there in vietnam, parts of vietnam. that is naturally going to weigh on the economy. we had several downgrades as well. give us a sense of that. meanwhile we are seeing the equity market at record highs. >> that is always an interesting flip. i do think that the situation in vietnam is particularly troubling, you have lockdowns that go on in the largest city in vietnam, the business capitals of vietnam, incidents where companies are trying to keep production going by having workers sleep over at the factory. it is a very different situation than it is in some other places around the globe but it does present critical challenges. from a u.s. perspective, this is a place that is pivotal in terms of southeast asia both economic and security as well as the u.s. china play. it is vitally strategically

briefly, sana, - what are you seeing in terms of an imminent threat in southeast asia? at something we can rule out? ., �* ~ .. rule out? i don't think we can rule out? i don't think we can rule out _ rule out? i don't think we can rule out anything _ rule out anything categorically, but i think that given that the links to al-qaeda within southeast asia, most of the groups have... in the 1990s, and the leading al-qaeda groups in them region —— in the region are under the most crackdown. hundreds of their members are injail. we can say that the imminent threat is low. i think the long—term threat from this taliban regime is the model of an islamic state. it would become something groups would want to intimidate here. 5am want to intimidate here. sana jeffre , want to intimidate here. sana jeffrey. thank— want to intimidate here. sana jeffrey, thank you _ want to intimidate here. sana jeffrey, thank you so - want to intimidate here. sana jeffrey, thank you so much i want to intimidate here. sana| jeffrey, thank you so much for joining us with your excellent analysis on ne

with vaccination rates still being very low in southeast asia, we do expect this to remain in the second the year. and therefore, some caution. >> so that is the story around the second half. some of that coming through from asia. that is the revenue story. from a -- which of the commodities are you being hit by or look most uncertain? and how able are you to pass that on to your consumers? >> yes. i think the commodity price increases are widely commented on we are not unique in that. it is not one or the other category. it is across the board, barley, aluminum, across-the-board we see that more inflation then we have seen than any time over the last decade. we are able through our policy to look at lower pricing than what you see. but still, the impacts will be significant. and it will mostly hit as next year. but we will see the first impacts on the second half of this year. shery: the heineken ceo there. coming up next, standard chartered's will report its second-quarter earnings tuesday after big players have an ambitious dividend. we will preview those results. this is bloomberg. ♪

he underscored america's strong backing of the southeast asia treaty organization. economic development and social well-being so that all may pursue lives in peace and happiness. ♪ >> then a last good-bye from the prime minister before his departure for pakistan. ♪ muck. >> later that very morning, as air force transport reached karachi. two of pakistan's top members welcomed the nixons to another nation. ♪♪ >> the 8th regiment provided the honor guard. the salute to vice president nixon in the absence of the prime minister who was away in london for the commonwealth conference. with the united states charge d'affaires if, the vice president and mrs. nixon met more than 50 members of the foreign diplomatic corps. ♪♪ >> catchy was another -- karachi was another place to greatly impress vice president nixon. the cameraman accompanying the vice president took these views of the city's booming. they are dramatic reminder of pakistan's energy and determination. ♪ ♪ >> at the presidential palace, mounted rangers in white tunics provided a colorful escort for the party fro

vice president, kamala harris southeast asia trip.hear from the business council president. the former advance at -- ambassador of vietnam. the market outlook with s gmc capital, founder and ceo. the open in sydney and tokyo are next. this is bloomberg. ♪ shery: hello and welcome to daybreak asia i'm shery ahn in new york. sophie: i'm sophie kamaruddin in hong kong. haidi: i'm haidi stroud-watts in sydney, looking at the markets opening. asian stocks are set to track u.s. gains and strong earnings. the sec demands all chinese companies listed in the u.s. reveal more on investor risks. we will hear exclusively from gary. kathy would tells us she has rejoined the bargain hunters and chinese tech. shery: let's turn to sophie for all of the action. sophie: looking to see if asian stocks can sustain the momentum for the regional index since february. we are seeing upside move to the nikkei and the topix with this benchmark set for a period month higher when it comes to its outpacing of the emissivity -- msci index gauge. there is a little

she's expected to deliver a speech in singapore that will lay out the future of us tides with southeast asia . now the u. s. is worried about china's growing influence, particularly as efforts to claim vast parts of the south china sea. the u. s. navy has regularly carried out freedom of navigation operations in the south trying to see something that china finds provocative and southeast asia. the us seizes as an increasingly important region. it's coming under increasing pressure from china. so for the u. s. foreign policy here is about strengthening ties with the countries here, so that they will see us as a counterweight to china's growing influence. now, us president joe biden is not the 1st leader to one closer ties with the region. president obama had a pivot to policy asia, which was about re balancing foreign policy toward away from middle east towards asia. now the ca, harris. well, come, harris is also going to be visiting vietnam later this week, where she's also expected in her conversation with the leader to emphasize the needs and the need for an open and free indo pacific regi

the us resettle roughly the same number after the end of its war and vietnam and southeast asia and can do still. when should do so again, come in, administration though the bottom ministration that has said recently to people coming from central america don't come. do you really think that it's going to agree to the kind of numbers that you're talking about? and similarly, republicans, i've taken an anti migration line in recently. so on you being unrealistic. no, no, i don't think so, and there are some good signs the by the administration has already pledged half a $1000000000.00, which is too little. but just in the, in the past 24 hours or so. so it's, it's refugees and other displays. people buy him, it has been a shift from the company ministration hardline policy on preventing any refugee from entering the united states. and again, the united states has done this before. countries in, in europe to beginning with germany, of course, accepted more than a 1000000 people in 20152016. but the united states, almost a 1000000 people from southeast asia, were welcome into the united sta

but now when we see southeast asia and a lot of other asian countries such as china, down again, i think the disruptions good last a bit longer. and moreover, the more sticky inflation coming from the rentals is also a big, murky, especially with the more toward him of eviction now being hosted, debated and sort of extend that in a way. so it's hard to say if it's going to be transitory, i think we are yet to see what's certain is that with any additional look down, consumer behavior is definitely going to change. and we are seeing this, for instance, with the savings rate that's still above the prevents any levels. oh, could it be the inflation is more nuanced, the effect of spending being shifted away from services during the pandemic unlocked down to now buying computers and home offices, etc. for show, during lockdown we saw a lot of pent up demand when it came to do or bows with people had a lot of time and money and had a tent. but i think that's now in the rear view. mendo, we are seeing now increased demand for services with the reopening and sort of being in the summer season. b

philippines where thousands rushed to get vaccinated cove in 1900 delta, various sweeps across southeast asia. ah, as while fond burn in more than a dozen us states foreign fighters in california struggling to contain its biggest blaze, the so called dixie fire is forcing thousands more to flee their homes after burning for nearly 3 weeks now its leveled most as a historic town as john henry reports from northern california, the california largest active wildfire exploded, engulfing the gold rush, or a town of greenville and threatening several others. a sheriff's off stores be strows saloons, gas stations, homes, all left and embers is $800.00 residence appear to have escaped following a mandatory evacuation order. over the last 24 hours, we've had explosive fire growth, driven by winds out of the west and south west meter and ologist have given a red flag warning where we have historically dry conditions, low humidity, low fuel moisture combined. are those winds that drove the fire? as we drove through mountain passage to reach greenville came another evacuation order for taylorsville. then

. >> the vice president has to answer some uncomfortable questions from allies in southeast asia. what can we expect from this trip? >> interesting contrast. while president biden is trying to extricate the u.s. from a 20 year war, the vice president's in singapore now and will also be in vietnam to advance the economic agenda and the outreach to asia that has been seen to be lacking. there are questions in the region about how u.s. standing will be impacted and also the very real issue of how you ensure security with the u.s. pre-much out of afghanistan. -- pretty much out of afghanistan. the pandemic and its effect on supply lines, that is one thing that will be discussed. we know it will be discussed when kamala harris meets the prime minister on monday. the backdrop to that is the chip shortages that have caused quite a bit of havoc in the supply chain. for automakers but also for others. >> we will be watching to get some leaf on that front. let's get to su keenan with the first word headlines. >> we start with singapore which is looking to add more countries to his back unit

the supply chains in southeast asia.x: it feels like covid is getting pushed out and pushed out and it might often -- might not even be there at all. >> we are proud of this in north america. we are up and producing. we are socially distant. we are returning to mass wearing. we do have a very solid plan in north america upon second and third tier suppliers coming out of asia and europe. that is really the issue of this problem. emily: executive vice president of sales bob carter there. microsoft is investing in the startup software rubric to help customers recover their data. i am joined by microsoft independent director john thompson for an exclusive interview, next. this is bloomberg. ♪ comcast nbcuniversal is investing in entrepreneurs to bring what's next for sports technology to athletes, teams, and fans. that's why we created the sportstech accelerator, to invest in and develop the next generation of technology that will change the way we experience sports. we've already invested in entrepreneurs like ane swim, who