taylor riggs, a green light to pay out a whole lot more. ill get specific numbers after the bell on monday. certainly the markets excited for not only some of the buybacks but a dividend boost as well. jonathan: maybe. some excitement out there finally. i have seen none whatsoever in this bond market off the back of that deal in d.c. lisa: jeff mortimer said it is resiliency is the new boring. i think that will be the catchphrase. jonathan: well behaved by markets. professor, fantastic to catch up with you. the big story is the delta variant. several studies being done. what are you learning about it? >> first and foremost, if you are vaccinated, you should have good protection against this variant. some studies from england and ongoing studies from other countries are showing that. if you were unvaccinated, the story is very different. the virus is spreading much faster than even the alpha variant, which was the big concern during the winter months in the u.s.. it is showing signs of having more significant disease and younger populations.

joining me, matt miller and taylor riggs. thrilled to have taylor with us as well on a jobs day. i would suggest the entire world looks on america after what we witnessed 30 days ago. matt: the biggest negative surprise in history. now we are expecting a smaller number. i think the survey is for $674,000. if you check out that function on your bloomberg terminal, you can see we are now at 800,000. i love that function, tom. it will be interesting to see what happens today. i wonder what would happen if we have another big miss. tom: that would be a value add for folks. here's what you need to know, the survey in the last day off of what we saw yesterday with claims, off of the adp report, has gone from 655,000 to a new statistic of 674,000. esther miller talks about 800,000 as well. taylor, how you frame this jobs day? taylor: the inputs are so sensitive that the output could range from zero jobs to $1 million -- one million jobs. it is maybe the inputs that are creating the outputs and it is a wide range and we await that april number what we get today in terms of may. tom: the

now here's taylor riggs. erms of the money sloshing around in the system, i'm taking a look at clover health. i'm also taking a look at some of the other meme stocks, sundial and torchlight energy, which we cannot stop talking about given the wild swings we continue to see. stories out this morning that fundamental managers who sold him stop, maybe some of them are regretting it giving the massive run-up we continue to see. those are shares we continue to follow. let's take a look at some of the other fundamental stories. we have to talk about the reopening and mgm, where we are with that. tesla is also a fundamental story here. a lot of competition from porsche, audi, mercedes making an aggressive push in the ev space. the fed stress test for the big banks, what does it mean for some of the regional players, given the massive underperformance we have seen in june that reverses this morning, as we are up 0.6%? and can we talk about beyond meat? i have very interesting comments on this. dunkin' said they are st

our bloomberg radio and tv listeners and watches her wondering who we are, romaine bostick and taylor riggskeene will be back. as will jonathan ferro and lisa abramowicz. taylor: we have two shows coming up. balance of power, and then bloomberg markets -- the close. romaine: i hear that joe is really good. i love that show. taylor: the best two to three anchors on television. this is bloomberg. ♪ lisa: futures moving lower on hawkish fed comments. i am lisa abramowicz in for jonathan ferro. "the count into the open" starts now -- "the countdown to the open" starts now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ lisa: the fed fueling a reflation re-think. >> starting to see some stalling. >> you will have to reprice this outcome. >> we could see unwinding. >> may be some of the reflationary traits got ahead of themselves. >> we see dollar strength across the board. >> there is a flattening yield curve. >> dramatic flattening. >> supporting areas like disruptive tech at the expense of financials. >> the long end of the

romaine bostick with us, and taylor riggs as well. tt miller earlier with a whisper number of the 800,000 level. taylor: we are getting ellen zentner around 7:30. i think what makes me chuckle is one of my favorite research notes said the sensitivity of those inputs means you tweak one little thing, you get zero jobs or one million. your guess is as good as mine. tom: give that woman a tang mimosa. what you need to know is we will be doing a lot of economics with ms. zentner. i thought her note yesterday was really interesting. james glassman with the pulse of this labor economy. but the market shifted yesterday off of claims at 8:30. to me, there was no question about it. you saw dollar stronger in the real yield moved. romaine: actually did move, and this has been the talk for quite some time now. we have seen a market moving sideways for the last 5, 6 weeks or so. they have been waiting for a bit more clarity about the economic picture, and more importantly, what the reaction function from the fed is going to be. navy would get more

taylor riggs, lisa abramowicz this morning. equities at an all-time high. does that tell you that we could have record highs? taylor: the money supply, all of the money sloshing around. we were having great conversations this morning about not only the monetary effects, but the fiscal effects as well. it is unbelievable. the nasdaq 100 at a record. sort of a hint of dissent under the surface and the resiliency of the markets to shrug off any of those inflationary concerns. lisa: how any record highs can you have before you shrug it off? jonathan: this will be another one. talking about the pandemic as well. dr. gigi gronvall. we will do that later. from new york city, this is bloomberg. ritika: president is traveling to north carolina to encourage more americans to get the covid-19 vaccine. his trip comes 10 days before july 4. the president stated a target date to see at least 70% of americans partially vaccinated. the cdc says only 65% of u.s. adults have had at least one dose. china has filed a lawsuit against australia at the wto over measures on chines

you see taylor riggs mount. -- you see taylor riggs moan. i will call a modest disappointment.el: 550 thousand jobs restored in the month of may. the unemployment rate goes down, about half of what was expected. unemployment was supposed to be at 5.9 according to the bloomberg survey and it was 6.1 in april. the number of jobs created in april, 218,000, even lower than the initial print. there is a bit of a disappointment in the way the numbers are coming in right now. the total change in private payrolls, 492,000. the estimate was for 610,000. manufacturing in a 23,000, but not the 25,000 we were expecting. the average hourly earnings are up .5%. on a year-over-year basis that makes it a 2% gain, up from .3%. this is what jim glassman was talking about. we are going to see a lot of bouncing around in the numbers as people come in and out of the labor force. leisure and hospitality increases by 292,000. tom: is that a disappointment? michael: it is probably a good number. it is not with the adp number suggested. it is the people at the bars and restaurants coming back. drinking

jonathan: taylor riggs is desensitized by these big numbers in washington. taylor: [laughter] you did see some interesting movements within the equity markets. this much money is in bonds. you saw some movement, some upgrade from analysts on infrastructure-related stocks. for the record highs is the place to be. jonathan: your equity market looks like this, 4259 on the sp that on the s&p. 1 -- on the s&p. yields come in almost a basis point on the day. maybe we have been spoiled over the past week. still 135 monday morning. lisa: now we are up a basis point. i think we will still get volatility, it will just take a while for a shift in what the fed is going to do. jonathan: crude with a $73 handle. we are down on wti. stop mover of the morning, i know -- stock mover of the morning, virgin galactic in the premarket up almost 15%. virgin galactic getting the faa approval to fly customers into space. taylor: this is unbelievable, this is the stock of the day. how does this speak to the ingenuity of science and of how animated people can be? perhaps the first --

taylor riggs, final word before i run of this equity market climbing back towards record highs. cord highs across the board. 25 basis points on the two year. we go nowhere. jonathan: taylor riggs, lisa abramowicz, jonathan ferro. mohler of us -- more bus tomorrow. -- more of us tomorrow. we get to call the sabbatical when tom keene takes time off? your equity market 4252. see worldwide on bloomberg tv. for our audience worldwide, this is "bloomberg surveillance." ritika: with the first word news, i'm ritika gupta. the seaview side of the beachfront condo tower collapsed in miami earlier today. it sent a crowd of debris throughout the neighborhood. firefighters are seen pulling survivors from the debray. in a tweet miami-dade police said one person had died from the collapse. details of the genetic makeup of some of the earlier samples of the coronavirus in china were removed from an american database where they were initially stored at a request of chinese research. the u.s. national institute of health says the data first submitted in march 2020 were requested to be withdrawn by

alongside taylor riggs and lisa abramowicz, i'm jonathan ferro.le more than 1/10 of 1% on the s&p 500, it has been a shrug for the bond market. yields unchanged off the back of a bipartisan deal in washington, d.c. we have a guest joining us from washington. i'm pleased to say the former governor of michigan, the current secretary of energy, jennifer granholm joins us. thank you for joining us. i'm about to commit an interview senate. i'm good to start very narrow on the oil reserves of spr. i did not see how much you're looking to raise from that. what is the number? sec. granholm: there was not a number in there, probably strategically because some of the still has to be negotiated. it is not selling off all of the strategic petroleum reserves. it will be a limited sale that is able to meet the president's goal. he did not want any of these paid for to raise taxes on those earning under $400,000. he did not want to see tax on electric vehicles or a gas tax so this is one of several elements that were used as a pay for. jonathan: it is interestin

taylor riggs, matt miller, lisa abramowicz. an ferro and tom farrell off, well-deserved sabbatical. matt: -- taylor: i thought it was riley and brad? lisa: any other mentions? we are doing the oscars. there's a question of the great reflation trade. there is a question of if this is true and if this signal is saying something, why aren't risk assets selling off more? a slower growth environment will not be good for risk. matt: absolutely. i think the fed is probably the main reason for that. not just the fed but also the ecb and other central banks have proven they are going to continue to stick with this recovery and be supportive and be stimulative. my question is around the rates. what i starting to think -- what i am starting to think is they beat are the smart money and they are 60 basis points by the end of 23 -- what i'm starting to think is maybe bonds are the smart money. lisa: the nasdaq poised for another high. you can see the s&p down slightly, although basically unchanged. the euro gaining versus the dollar. this is

and taylor riggs, in for tom keene this morning.t is going to be a wonderful few hours, as we have to talk about standard to be agents. -- standard deviations. lisa: is that what we are doing? in the stock market, you have seen that rotation back into growth. kind of fascinating. romaine: this reflation trade will be interesting to see whether this is just that knee-jerk reaction to the surprise that we got on wednesday. maybe we do gravitate back to that reflation trade. whether this is a real reset of where evaluations are. taylor: could it be an un-unch kind of day? lisa: we don't do unch on "surveillance." taylor: it is stunning, the migration lower beginning yields. unbelievable as we have talked about the unwinding of some of that reflationary trade, not only within the world of the equity market, but within the world of the bond market. lisa: is this what you guys do on "the close," un-unch? romaine: that's what i deal with every afternoon, so prepare yourself. [laughter] we talk a lot about how the s&p has been in the relati

there are the movers with taylor riggs. ar bitcoin never closes, but we got a close if you will come above $30,000 yesterday. you saw an advance of some of those bitcoin related docs, and some of that continues this morning and premarket trading. coinbase is the one we talk about with that direct listing. we are at peak hype cycle when it comes to some of these bitcoin related direct listings, so shares of some of those bitcoin related stocks are ones we are following let's go to the smaller cap space. gemini therapeutics, this is a company that announced initial data from a study related to macular degeneration. this stock is exactly what is happening, saying the stock >> you -- the stock reaction is overdone. this stock takes a breather this morning, but clover health and others that were up 5, 10, 12% yesterday, those rally this morning. finally, microsoft. let's do a $2 trillion valuation . 206 $25 nine and nine cents is the number $265.99 is the number we are looking at right now -- $265 90 nine cents is the number we a

let's say good morning to taylor riggs. taylor: we tried to get francisco on the show yesterday.ou stole him for the morning show. you have goldman making the call of $100 a barrel in reach. some upgrades on individual stocks that you are not seeing the follow-through on some of the best-performing stocks we had earlier within that oil space. let's look at a place where we are seeing some action. norwegian cruise lines, they are getting improving booking momentum, but that doesn't help the stock. delta coming off of really strong we can within the travel space, trying to hire about 1000 pilots. you cannot get people back to work fast enough. finally, we shift to some of the meme stocks. we do this just for tom, as we talk about fundamentals trying to register. rbc saying they need more cash. not enough right now for nicola. finally, let's take a look at microstrategy. what happens when you sell debt to buy bitcoin at an average of $37,000, bitcoin falls to early $2000? -- falls to $32,000? tom: novo gratz was on with some really important comments from our qatar economic forum. a

taylor riggs is here with the u.s. market. taylor: you exit on energy and that is where we are going in the u.s. energy the best performer on the day, 40% on the year. how much of that is due to this risk on tone. that is where it filters into canada as well. there index at 1.3% -- at the 20,000 mark, up one point 3%. commodities leading the gains there as well. what that means in the u.s., i will talk about. 10 year yield in the u.s. above three or four basis points. really within the trading range of 150 to 170, where we have been the last few months. what that means is further dollar weakness. you don't need the dollar. that is the safe haven on the inflationary/reflationary trade. dollar at a low since january 6 of this year. alix: the pandemic threat may be loosening its grip on the european economy, german health minister said today. >> the second and third wave, a difficult situation has been broken. the numbers are much better than they were. alix: more from our bloomberg correspondent in berlin. i did not expect high f

biggest pieces of news we have had out this week, we are getting an infrastructure deal however taylor riggsfornian, was on "surveillance, talk to the energy secretary, and making the point that in california, you get to the end of the day, you are trying to have dinner coming basically the lights go out and the energy company is telling you have to unplug things because there is not enough power to go around. taylor was asking the energy secretary how are you going to fix it? what does the infrastructure build do to help you see is what the energy secretary had to say. >> the president want to see an example -- form vimpelcom keeping nuclear plants we have on line open, or an investment in baseline -- baseload clean power, geothermal, hydro power, baseload clean power -- all of that has to happen. not all of that was included in this first piece, but we are going to fight to ensure all of that is included in the second bit of legislation we hope will arrive at the president's desk the summer. guy: i do have a chart that goes with this that is on the terminal that highlights the problem tayl

shery: the biogen ceo speaking with romaine bostick, taylor riggs and alix steel. eli lilly rose.he nasdaq index finished the day up more than 3% at the highest level since 2015. we will continue to watch a sigh in -- watch asi in japan. you can see the u.s. after hours trading. coming up, the u.s. says it seized most of the ransom paid by colonial to hackers last month. we will tell you how. this is bloomberg. ♪ shery: we were watching daybreak ghost really appeared we are seeing -- daybreak australia. we are seeing a little bit of pressure on the copper price. there are concerns about the demand outlook that mixed trade data we got out of china. when it comes to canola and soybeans, we saw the gains in the new york session. we have some weather concerns. we also have australia raising the canola output estimate by 20% from march. given the stronger pricing. we are seeing gasoline futures under a little bit of pressure. this after we sell enough strength the past week given this summer driving season. haidi: in the u.s., authorities say they have recouped most of the ransom paid

kailey leinz in for jon ferro today, in for romaine bostick and taylor riggs and 47 other people as wellill get to kailey in a moment. it is not a normal monday, is it? lisa: i think people are just trying to understand the fed's reaction function area honestly, this this and it's between lower yields indicating slower growth and a bid into risk assets i am just not understanding the permanence of heading into a choppy rest of the year. tom: george sarah vallas at deutsche bank writing about -- kailey leinz is with us on the equity markets and a company from sioux falls, south dakota, raven industries. kailey: a little m&a in the ag tech space, getting bought for $58 a share. in premarket trading, it is almost at that level right now, up about 49%. that price tag with a 50% premium to friday's close. another stock surging in early hours is torchlight energy. this is one of the new favorites of mima traders on ash of mima -- of meme traders. that stock is up around 40%. amc getting a little bit of a bid as well. remember, it fell 38% last friday after that poor efficacy data from its covi