now let's get the first word news with su keenan in new york. su we will start with president biden, he has vowed to: hunt down those responsible for a series of explosions outside the kabul airport that killed 13 u.s. service members and at least 60 afghans. biden says the group known as isis-k was behind the assault. the top u.s. commander in the region says he is expecting more attacks if the u.s. continues its planned withdrawal of all american forces by august 31. >> for those who carried out this attack as well as anyone who wishes america harm, know this, we will not forgive. we will not forget. we will hunt you down. and make you pay. su: and china has issued its most detailed warning yet against the excessive work culture that pervades the country's largest corporations. a trio of government agencies published an essay highlighting labor violations labeled 996, because of the common practice of working 9:00 a.m. to 9:00 p.m. six days a week. china's tech sector has come under fire for its excessive work practices. in the u.s. vice presid

shery: let's get to su keenan with the first word headlines. su: we start with the e.u.'s home affairs chief. she says countries need to come together to avoid a migration crisis in afghanistan. the e.u. executive heading the washington meeting called on western countries to step up programs for the refugees. she also said europe and the united states need to figure out how to better support afghans who remain in the country. kamala harris meanwhile says that she raised human rights concerns with vietnamese officials including the issue of releasing imprisoned dissidents. when questioned, the vice president failed to mention any specific commitments made by hanoi or explain how vietnam's human rights record is any different from that of china. to india, where the country reported more than 46,000 new covid-19 cases on thursday, the most for a single day in over a month. they reported a surge in infections that could threaten the safety economy which held steadily in july as cases decline. almost 604 million vaccine doses have been administered. only 9% of the population i

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 united -- it's vaccinated travel program. after allowing vaccinated visitors from germany. starting next month, the minister of transport says it will work on expanding eligible companies -- countries. >> the intention is to do this well so we can scale up. this is a critical process. make sure that all parties understand what is required and they're able to comply. >> taiwan is administering its first locally developed covid-19 vaccine beginning monday. the president will be among the first to get the vaccine. the company is yet to complete phase three trials for the shot but has been granted emergency use authorization. taiwan has been struggling to secure a sufficient supply of the major international shot. to malaysia now where the new prime minister has struck a tone of reconciliation in his first public address. he has invited opposition leaders to be part of the pandemic recovery council. this is malaysia's their prime minister in 18 months. his p

i'm su keenan. this is bloomberg. 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

a monkey take weeks -- let's bring in su keenan with more.ilings indicate that the state crackdown in china on everything from ride-hailing to add tech is causing funds to sell. reporter: we are certainly saying that in these filings, which are backward looking. they show what holdings were in the funds in the second quarter. we do know some of the chinese space funds are falling out of favor. d1, a big had tron sold 25 million shares in new oriental education and technology group. this is a complete exit of the prior position. that is in line with what we saw with george soros, the famous investor. his firm, soros fund management, notice -- notably dumped a lot of chinese adr, the listings here in the u.s., when the arcade goes fund blew up. so it is equal -- completely exited the positions it had that included viacomcbs and a lot of the chinese adrs just tencent and baidu. notably add added to his position in amazon. then there is billionaire warren buffett. we always look to what his firm is doing. because of his long-term profitability an

let's get over to su keenan with the first word headlines. : vice president kamala harris said she raised human rights concerns with officials. however when questioned, the vice president failed to mention any specific commitments made by hanoi, or explain how vietnam's human rights record is worse than that of china. india reported more than 46,000 covid-19 cases on thursday. the southeastern state of kerala reported a surge in infections that could threaten the state's economy, which held steady in july when his cases declined. almost 400 million vaccine doses have been administered so far, but only 9% of the population is fully inoculated. staying with india, the country has lifted a ban on the really good 737 max jet, leaving china as the last meeting aviation market to permit the planes to resume flying. aviation officials said their decision came after there were no new negative reports of the jets. 17 other global regulators have allowed flights to resume starting from last year. global news, 24 hours a day, on air and on bloomberg quic

su keenan joins us with the latest. i know how excited you are with these filings. us the key takeaway. i think warren buffett earnings are a focus. su: he cut back on general motors by 10% in the last quarter. this has been a big holding of berkshire hathaway for the past nine years. they have been cutting back in the past three quarters. you look at some of the other moves by berkshire hathaway, a widely followed company because of its philosophy. you have -- they have continued to cut back on drugmakers although they ramped up on kroger and disposed of stake in the mark spinoff. they also invested in barrack mining. let's take a look at some of the moves by george soros because they indicate -- the firm owned by george soros. the dumping of additions tied to the archegos implosion to it all the shares act up in the first quarter. viacom, tencent, discovery appeared to have been sold the same amount sold in the second quarter. that includes a lot of the chinese adrs. they did boost their amazon position. it also looks like the love a fire hedge funds have -- love

su keenan joins us with the latest. a bank it's robbed, you call the police. what happens here? : it looks like you put a bunch of security researchers on the case and you take to twitter because the network put out a letter on twitter winning the hackers this was indeed a crime and urging them to make contact and work out a solution. it lets users swap tokens across multiple blockchain's. what they are saying is tens of thousands of people are affected by the hack, which appears to have been 600 million in multiple digital assets. we are also understanding hackers have begun moving the 600 million to other platforms or decentralized exchanges where they are trying to cash them out. we know 33 million of tether was part of the theft. it has been frozen by tether. we also know ethereum assets were part of the heist. they could technically be returned to their rightful owners. it is not possible -- it is not known whether that is possible here. we also know that with the apps attracting billions in assets, they are becoming an increasingly attractive target jesse james was once ask

quite that was su keenan.ou can also turn to your bloomberg on for it -- for more on disney's earnings. you can get commentary and analysis. this is bloomberg. ♪ >> taking a look at the day ahead for australia and new zealand. experts say about the lockdown in sydney needs to be ramped up to further prevent spread of covid. other state does have rental criticism of the south wales for mere. the minister says this is to increase transparency and regulatory oversight of pension funds. >> we are watching covid cases around the world with mexico seeing covid case infection rising by a daily record of seven straight days. they added 24,900. this coming at a time as mexico continues to struggle with their economic growth starting to slow down. the cost of living continues to rise. central bank's policymakers facing a conundrum here. it is not only x ago, we are also talking about wellington. interest rates rising. kathleen hays has more on that. let's start with these developing nations. it is a tricky situation the

su keenan joins us the latest. robinhood really becoming a meme stock now. it certainly seems that way because we have retail investors finally following in and by the end of the session, we did see the stock lock in a 50% gain on the day and that certainly is a doubling of the day you price -- debut price. intraday, it was above $85 and that took the market cap to a peak of 65 billion dollars for a disappointing valuation on the debut. after hours, we did see the shares fall back quite a bit and there's been a lot of attention on the fact that when they here in the u.s., it was the first day of options trading and the bulk of the options of your to be bearish. the stock goes lower than here. it appears to be driving a lot of the volume. it was a very different tory movie saw on the trading debut last week where the company had set aside 35% of its shares. a very unusual strategy and it seems retail investors just did not write. -- bite. it was a lukewarm reception at best. to see volumes surge tenfold, a lot of analysts scratching their head. we know that in

joining us now for the details is su keenan. what is the driver behind this combination? r competitive muscle, particularly when you are going against samsung. they have had a long term joint venture deal between the two. you are looking at the digital stop which was up as much as 15% in the latest session as this deal was announced by the wall street journal. both companies have declined to make any comments but these are two technology storage providers and the joint venture would create a much bigger competition for samsung which is a dominant player in the market for memory -- portable and computers. western digital moving in a big way on the news and giving the company market value of $20 billion. for those not familiar with the japanese company, back in 2018, it spun out of toshiba. the maker of flash memory. both companies combined sales of $17 billion last year. haidi. haidi: just saying that they are preparing for an ipo at the right time. is that the plan b? what are the potential barriers for this megadeal getting done? su: let's start with the obstacles. the ba

rishaad: let's get to su keenan now. a huge change from the lackluster ipo last week.hood surges. the retail arm, the latest meme stock or may be the last stand. >> it is a head scratcher for some analysts as to what is driving this, but at one point in the latest session, the stock was up some 82%. it managed to close with a 50% gain, way above where was trading on its debut last week. it closed above $70 a share. a wave of retail investors clearly driving this, following on the heels of big institutional players. after hours, we did see the stock pull back a bit and that has a lot to do in part with the options trading driving a lot of the volume we saw. it appears from the data that we have that the bulk of the options are bearish. there is a bet the stock goes lower from here. the big difference from the debut, last week we had the founders and their families ring the opening bell, smiles all around in what was anticipated to be a big pop at the open that did not happen. an unusual strategy was pursued in which robinhood had allocated 35% of their ipo shares for th

bloomberg's su keenan is here with the latest. either gaining 50% in the past week?nne: an enormous surge. all of these alternative coins rising is bolstering bitcoin. cardano, etherium, ripple's xrp , dogecoin began as a joke and has gotten support from billionaires. the rally in cryptocurrencies has pushed the combined crypto market value over the $2 trillion mark for the first time really since may. some bitcoin bulls are expressing confidence that bitcoin, given the rise in all these coins, will exceed its all-time high above $60,000. you might recall there was a big pullback in april, may, and june. it has slowly come back all through august, getting after about 48,000 over the weekend. crypto chart watchers view this as a critical move, they say $100,000 by the year and is still possible. they also say that this indicates surprising resilience. you have to remember last week, it was big news that the cryptocurrency industry failed to win a change to the crypto tax reporting rules in that big u.s. infrastructure reporting bill. that opens the door to greater reg

su keenan joins us now with the latest. thought that perhaps with the economy reopening, subscriptions would drop, but they actually rose. su: they came in way ahead of expectations and this combined with the rebound of parks and other aspects to put disney beating across the board. sales came in at 17 billion and that beat wall street estimates by far and it shows a huge increase in demand. disney plus subscriptions, 160 million. this is a sign of how quickly disney has scaled its streaming, direct to consumer business generated 4.3 billion dollars in sales in the quarter. the cfo said 40% is going to digital and streaming. streaming is already more than half the size of disney's linear tv network business. the strong results had disney sharers rallying after the report. it was up as much as 5.9% and pretty much held those gains. $189 a share. bob is bullish on parks. that is a division he was running the he became ceo. he says the demand in the fourth quarter is already outpacing what it was in the prior quarter. that is

it continued into the following session, plunging by around one third as early investors -- su keenanns us now so i suppose this highlights another unusual aspect of the ipo. no six-month lockup period where investors are barred from selling. su: and that puts a lot of pressure on the stock. they were able to sell as early as the first day of trading and later on, there was a regulatory filing showing that some of the early investors, large investors are also able to cash in and have issued plans to sell as much as 100 million dollars of shares over time and that clearly put pressure on the stock, falling just below the $51 mark. investors again who were listed in this filing to part back in february in a $3.55 billion convertible debt they'll buy robinhood and the largest of the debtholders was a venture capital firm called new enterprise association. you will notice some very big names on there. they were all part of a big rescue, you may recall, earlier in the year, in which they helped bailout robinhood during that potentially terminal margin call during the gamestop trading frenz

su keenan joins us with the latest. it is a crypto heist, so who goes after them? ou are poly network but you put a bunch of security researchers on the hunt for these hackers, and you post a letter on twitter, basically urging the attackers to get in contact and work out a solution. also, the letter reminded the hackers that theft of $600 million in crypto assets is a crime. it is believed they are beginning to move it to other platforms. poly network let users swap tokens across multiple blockchain's. the hackers are trying to cash the assets out. poly network says tens of thousands are affected by this attack. there have been many in the decentralized finance area but this is the largest we have seen. one expert notes that some of these staple coins can be seized by the issuer. tether was part of the theft. it has been frozen by tether's issuer. ethereum is another big coin that was part of the theft. it is not clear if ether's issuer can also seize back the coin. some 80 billion in assets, becoming a greater target of these sort of digital robbers. haidi: in the

su keenan joins us. i want to look at the opec-plus.the reasons oil closed lower today, crude oil in the u.s. is expectations that they will boost out but there is this mixed bag of forecasts. >> going into this, they put out a forecast they believe the global oil markets are going to continue to tighten in 2021, even as the opec producers put more oil out on the market and when we get to 2022, they see a flip into surplus all over again. this data was said to be presented at the joint technical community gathering before an expected decision. that will certainly allow opec producers to feel comfortable with it. they are expected to proceed with a widely agreed-upon output increase in october. opec would be adding 400,000 barrels per day under this agreement and the forecast is the decline will be an average rate of 800,000 barrels per month. short-term would not make much of a difference. even if the group can't fully restore until now, they have a lot of options here but if you look at the way oil has been trading as they count down t

su keenan joins us with the latest. we always go through what warren buffett's firm likes. doesn't seem to like general motors much. su: he cut his stake 10% this quarter, the third quarter he has cut back, and has had the holding for nine years. he added barrick, the gold miner , and other interesting moves, cutting back on drugmakers, continuing to ramp up in the quarter stake and disclosing a spinoff in the merck spinoff. another firm that gets a lot of attention is the firm of george soros. it dumped all these stocks it picked up in the first quarter by the implosion of the fund run by bill hwang. the soros fund management sold off all of those stocks, notably viacom, cbs, discovery, tencent, and baidu. it looks like the entire position sold off. they picked up a large chunk of those stocks in the first quarter. soros also added amazon. finally, it looks like the love affair with tech may be over in that a lot of these terms -- firms seem to be selling tech holdings. haidi: it does look like investments -- does it look like investments tied to the pandemic are still fav