and many even tried to hold me a worms to hear tom reason enough for the baker to hope that his store stays busy and customers are enjoying more of his experiments. that's all for me in the business team here in berlin. the next one, the up to date. don't miss our highlight. the d w program online, the w dot com highlight. please listen carefully. don't know how to live today. ah, feel the magic the discover the world around you. subscribe to the villages documentary on youtube. you're watching d. w, use asia coming up today. why are so many women in east asia choosing not to have children? we take a closer look at the declining birth rate in the region and why governments are so worried with a dispatch from taiwan up to 80, to 90 percent of the 20. something group still haven't got married the 40 years ago that may already have have 22 or 3 children with thing delayed marriage and child bearing. plus the afghan government and the taliban is not by choice. but by this.

and that got really excited about how many even tried to hold me a worms to tom reason enough for the baker to hope that his store stays busy and customers are enjoying more of his experiments. alright, his reminder of our top story, this, our russia's annual economic forum in st. petersburg kicks off wednesday. focusing on the recovery from the pandemic and on western sanctions that have long disrupted business in the country. and that's it from the energy business team here in berlin . always can find out more about these other stories online, d, w dot com slash business. thanks for watching. the news . the gold rush and the amazon. it's the truth for the chief of the mood to contrive. the more expensive the nova metal becomes, the deeper illegal gold miners penetrates to personally and rain for the guardians, the forest, the more ducal has clearly any chance of protecting the world global 3000. next on dw, we've got some hot tips for your budget, lift the magic corner for, for me, and some great filter memorials to boot the w travel off. we go the welcome to global 3000. life begin

and many even tried to hold me a worms to hear tom reason enough for the baker to hope that his store stays busy and customers are enjoying more of his experiments. alright, his reminder of our top story this, our russians annual economic forum and st. petersburg kicked off today, focusing on the recovery from the pandemic, and on western sections that have long disrupted business there. for me in the dw business team here, but it is always find us online, g, w dot com slash business for these and other stories. conversely, thanks for watching the news . the fight against the corona virus pandemic. how has the rate of infection in developing? what does the latest research say? information and context? the corona virus. nazi the 19th special next on dw. sometimes a seed is all you need to allow big ideas to grow. we're bringing environmental conservation to life with learning like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can make a difference. knowledge grows through sharing, download it now. the effici

room and all that got really excited about time and money even tried to hold me a worms to hear tom reason enough for the baker to hope that his store stays busy and customers are enjoying more of his experiments. me now it's been called the longest distance migration of wild elephants ever recorded in china. i heard the 15 wandering on the fence as embarked on a 500 kilometer journey. after straying from a nature reserve in china, southwest, if not reached the outskirts of the major city of con maine, where authorities are trying to keep them out of populated areas. an epic track through southwest and china destination unknown now uncertain why this heard of 15 wild asian elephant strayed from a peaceful, national nature as in united province. one theory is the leader lacks experience and lead the group astray. other experts say the journey is the result of human development and that the elephants are searching for new habits, half, whatever. the reason that trek has become the longest distance migration of wild elephants ever recorded in china. this is, this is the 1st time in history th

and many even tried to hold me a worms to hear tom reason enough for the baker to hope that his store stays busy. and customers are enjoying more of his experiments. ah, nice being cool. the longest distance migration of wild elephants ever recorded in china. the 15 wandering on the fence as embarked on a 500 kilometer journey after straying from a nature reserve in china southwest. if not reached the outskirts of the major city of co, ming where authorities are trying to keep them out of populated areas. an epic track through southwestern china, destination unknown, now uncertain why this herd of 15, wild asian elephant strayed from a peaceful, national nature of the united province. one theory is that their leader lacks experience and lead the group astray. other experts say the journey is the result of human development and the elephants of searching for new habitats. whatever the reason that trek has become the longest distance migration of wild elephants ever recorded in china. little that this is the 1st time in history that we've seen anything like this. it's never happened bef

and many even tried to hold me a worms to tom reason enough for the baker to hope that his store stays busy. and customers are enjoying more of his experiments. okay, time to catch up with the latest in the corona virus pandemic. now in the world health organization as approve decoded, 19 vaccine made by china's sin of that for emergency use in adult 18. it's the 2nd such authorization. it's granted to a chinese company, a ground of our slough down in the street. the 2nd biggest city melbourne, has been extended by another week following a cluster of cases there. and reports as africa faces, recession growing violence and higher unemployment because of the pandemic. that's from the most abraham foundation, which promotes good governance. the sport and pressure is growing on tokyo, olympic officials to cancel next month's event. japanese media. se organizes have admitted $10000.00 volunteers recruited for the games have already quit amid the current of our crisis. tokyo had plans to 80000 volunteers but might have to do with significantly fewer opinion pulse in japan. so a big majority

and many even tried to hold me a worms to tom reason enough for the baker to hope that his store stays busy and customers are enjoying more off his experiments. finally, crowds have been chairing the complete reopening of downtown las vegas after more than a year. there was and visitors can even enjoy life music with no masks or social distancing required businesses are now allowed to be open at full. pansy, us back. same road out is providing a much needed economic shot in the arm. 40 city that largely depends on tourism. jobless rates in las vegas to 34 percent in april 2021 of the worst rates in the country. now, hotels are 80 percent and we can get to time for reminder of our top story, this our the u. s. is plenty of room both 25 percent of the goods from 6 countries . we want the big tech firms levies which cover $2000000000.00 of imports from u. k. india, australia, italy, spain, and turkey terrace will initially be suspended to allow for negotiations lose silverman. the biggest thing here in the news . oh, the forgotten about for a long time. at last, fabio grew and his colleag

and many even tried to hold me a was to of to hear tom reason enough for the baker to hope that his store stays busy. and customers are enjoying more of his experiments. ah, nice being cool. the longest distance migration of wild elephants ever recorded in china, i heard the 15 wandering on the fence as embarked on a 500 kilometer journey. after straying from a nature reserve in china southwest. if not reach the outskirts of the major city of co, ming where authorities are trying to keep them out of populated areas. an epic track through southwestern china, destination unknown. now one certain why this heard of 15 wild asian elephant strayed from a peaceful, national nature of the united province. one theory is that their leader lacks experience and lead the group astray. other experts say the journey is the result of human development. and the elephants of searching for new habitats, whatever the reason that track has become the longest distance migration of wild elephants ever recorded in china. this is that, this is the 1st time in history that we've seen anything like this. it's never

and many even tried to hold me a worms to hear tom reason enough for the baker to hope that his store stays busy. and customers are enjoying more of his experiments. and that's all for me in the business being here in berlin. the next one, the the fight against the corona virus pandemic. how has the rate of infection in developing? what does the latest research information and context the corona virus off j. 19 special next on d, w. into the conflict with 10 savanski and 5 between israel and the military palestinian group. how much remains fragile my guess is we from gaza is dr spokesman when he finally accepts the targeting israeli civilians violates international law. but is there anyone left in his group to talk to conflict in 60 minutes on dw, ah ah, me, facts being made in pakistan with chinese know how this factory in islam about aims to produce 3000000 doses a month across the border in india, infections and death spiking due to a new mutation.

tom: the reason they are kept alive by the absurd rates structure capitalism has given us. zumba thick asian -- the idea of zombification of the markets, how they are going to justify it in a world that is instantly changing. it really raises the question, are you a buggy whip company if you got a website? romaine: a lot of buggy whip makers actually went on to become automobile and auto parts makers. tom: you just captured a g7 moment there. for those of you on bloomberg radio, it really looks like this. rachel from indiana demands that her son looks like those cherubs every day. yeah right. what you just saw there, folks, with team coverage in cornwall, the camera was on the well scrubbed kids and the duchess and the first lady, and then the camera spun around to the press crew, which was flew in at 4:00 in the morning. they look like they'd been run over. [laughter] all is at peace in cornwall. this is bloomberg. stay with us on radio, on television. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that and more in just

the concern is they might do it for economic reasons but also political reasons. tomstudent of american capitalism with comments on these moments we live in. lisa is not with me. romaine, we have to go to the equity reality of a 10 year yield 1.4 8857. romaine: that is a wow statistic. if you thought this would happen, kudos to you. this will provide an upward lift on equities. not as broad as you would think on the s&p futures, 4227. a strong bid over the last two days because of this drop in yields on some of the smaller cap names. the russell 2000 within striking distance of the all-time highs. that is your outperform or. tom: the president on a trip to cornwall to begin the g7 meetings and an extensive european trip after that. i do not think there will be a quarantine, maybe there will be a test. george ferguson is bloomberg intelligence. when will we be able to fly to heathrow expert. he joins us. it has been an immense frustration. we put someone on the moon. we develop two phenomenal vaccines, but we cannot figure out how to open up jfk to lhr and back. how ha

that is enough reasons to own. tom: let's continue the theme. our listeners do not know hyster. that is not amazon. what is the risk of missing out on amazon and apple? mario: the notion is you have a choice in life, a choice of making 50%. another one of my 50%ers -- going back to hyster, a young guy at 79, same age as biden, he is running the company. they are putting too much money without demonstrating success in creating hydrogen fuel for their forklift trucks and taking the skill set elsewhere. it is a good bet on the recovery of their business which benefits from the change in the logistics and we thought they would earn five dollars in two years, we are still sticking with that. it is not one of my nifty 50 for the moment. it is an ok play. we own it. we have not sold much. it went from $60 to $100 back to $65 or $70, where it is now. jonathan: in the graduate the line, i just want to say one word to you, plastics. today you say he would've said batteries. why? mario: let's go back one giant step. we have to love the planet, love the peo

tom: there are couple key reasons why officials are doing what they are doing.ial stability and control. they are worried constantly at the regulators here, that investors will get burned and that will lead to social unrest. that is a concern for them. there is also that energy use problem as well. china set a target of 2060 to be carbon neutral. when you have bitcoin mines and other crypto mines siphoning off some of this energy, it does not really align and dovetail with that longer-term goal of china to become neutral by 2060. but i remember going back to 2017, going and visiting mining in inner mongolia, at that point it was welcomed by officials because it was generating tax revenue, they crated jobs, and it was seen as a growth area. that has changed. you are seeing big miners increasingly investing in the u.s. emily: ok. look, we only have about one minute left. i am curious, there is a question of whether china will surpass the u.s. in terms of crypto power, or the center of gravity. is that not the right question to be asking? tom: it is hard to see how

it is not so so either they have data the government is not showing us or there is a reason rather than the data. tomceo of the etoa - european tourism association. what sort of an effect other current rules having on european tourism? european tourism in — european tourism? european tourism in its _ european tourism? european tourism in its broadest - european tourism? european tourism in its broadest sense is shut down as far as the uk is shut down as far as the uk is concerned. it's £60 billion per year industry in the process of taking british people are brought into europe. but the point about europe at the moment is they have their own market and they have broadly opened up to this tourism business in europe. you have a market of hundreds of millions of people who you can sell to. in the uk, and i appreciate the story is mainly about uk people not going into europe or continental europe, but in the uk we have a £30 billion industry which does not exist at the moment and... in our exist at the moment and... in your view, exist at the moment and... in yourview, is exist at the moment and... in yo

tom. clover health, wendy's being chatted about. don't ask whether there is a fundamental reason for it. at we call momentum. remember that in the old days? tom: romaine bostick, thank you so much. nasdaq up a nice 0.4%, up 54 points. what we are going to do now is calm down. we had been later with us an hour ago or so with his optimism on double-digit returns three years in a row. they've be juncker out probably to -- dave bianchi probably -- dave bianco probably has a more measured approach. lisa, you and i remember the remotes. we had to parachute in at one point, three -- parachute in at 1.3 makeup artists to go to lisa's house. lisa: because i couldn't do it myself. [laughter] tom: think of those garbage remotes we did with the delays. first of all, the camera and lighting guy showed up drunk once. lisa: you had a camera and lighting guy? please do go on. tom: think what we went through over the last 14 months. lisa: it has been exhausting for a lot of people, and people have gotten used to working from home. it is a little more challenging dealing with broadcast logistics. but right

what if the target was the company all along for the very reasons tom and dan are suggesting.n context, what's the history of criminal charges against companies and what usually happens to them? >> okay. it is a matter of a continuing pattern of activity. way of doing business. second, if they do it r.i.c.o., they still charge individuals and i think weisselberg will be charged. saying if you don't do this, we're going to indict. indicting the company means much more serious charges against weisselberg. the penalties go from five years to 20 years. also much more serious against the company instead of criminal finds, they have to pay everything back. all the ill gotten gains. i think this is still a matter of going like a fright train right at weisselberg. he will be also charged, if they charge the organization but if they charge the organization, they get to put in more evidence. show a continuing pattern and bring them out of business too. that's what they are telling weisselberg now. trump doesn't want it to happen but this is their end game against weiss l burg. you coope

month to bottom while the s&p 500 could peak at soon as next week now considering tom's track record, that's a good reasonbe patient with bit coin and approach the s&p with some caution. let's go to fred in georgia, fred >> caller: boo boo-yah jim where trea young and the hawks will take the 2-1 lead over your philadelphia 76ers in the playoffs. >> next caller i forgot what show we were on. i thought we were on mad atlanta. so what do you have? >> caller: jim, my question is on pay stakes. they are a digital progress ses segment is a drag but the i gaming space with draft kings and cesar entertainment with moving their operations to amazon web services and adding the crypto currency platform coin base to their portfolio, should i buy more pay safe or hold >> i'll tell you to buy more i think that everything you raised and fred, thother than yu unfortunate analysis of the atlanta sixer game is absolutely right and i think i'm surprised that pay safe while it's bottomed hasn't had a move up. i'd make the move and do buying and thank you for the kind words. let go to swerna in texas. >> caller: thank you, ji

tom. there's a lot of reasons for that, primarily though it's that the squamish river valley became an industrial area. and that was not a priority that area. we ended up with 83 parks that have been be have been developed in keeping in line with the olmstead park system. there were others that were developed after the war. in the eighties and nineties they were still there and acquisitions for according to that plan, and happily we've only lost three parks. there are three play fields, collins mercer, and southwest. collinson southwest were replaced with others. not aesthetically designed, but least open spaces available. and so, just quickly i want to say now the park system and seattle has its supporters. the friends of seattle's olmstead parks. and they protect these historic landscapes. the challenging the challenges are maintaining these views. trees pop up in, trees grow bigger and it gets hard to maintain those views. if we also have a hard time getting the park system to have enough budget to invest in the vegetation. and the maintenance of it. it's very labor intensive. and invasive spe

haidi: that's increasingly becoming a reason right to band protests. tomie, bloomberg markets co-anchor. let's go for the headlines. >> thank you, the u.s. and taiwan have agreed to hold regular meetings after the first official face-off in five years. following wednesday's meeting in taipei, the u.s. trade representative's office say they'll establish working groups to discuss topics, labor rights, tech, supply chains and intellectual property. the top trade negotiator said the meeting was an important step towards a full trade deal. thailand is set to reopen the resort island to vaccinated travelers. startling thursday, innoculated tourists from low and medium risk countries will be allowed to holiday without kwaern. the reopening comes as thailand grapples with its highest single day death count, 53 new covid deaths wednesday. sources say the trump organization and c.f.o. will be indicted later thursday for tax-related crimes. the charges would be the first to emerge from the manhattan district attorney's three-year investigation into the former preside

tom: it's a big number, and they are rich, but hey, for whatever reason, it has been a boom economy, e in the triple leveraged all-cash funds. [laughter] lisa: the violin. tom: we continue with important economic data in the next hour. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burst it. give the aerotrainer a shot. pain and stress is the only thing you have to lose. get

tom: someone needs -- lisa: someone needs an ipad. it is the reason why all of these regulatory, antitrust concerns are shrugged off. it doesn't matter what the headline is. it doesn't affect the shares. tom: you opened the show with that, and you were dead on. stability in the equity markets. this is bloomberg. stay with us. ♪ ritika: with the first word news, i'm ritika gupta. u.s. treasury secretary janet yellen says higher interest rates would be a plus for the u.s. and the federal reserve. president biden should push ahead with his $4 trillion spending plan, even if it triggers inflation. she says any spurt in prices should result from the rescue package and fadeaway next year. some of the world's biggest tech companies are welcoming the g7 agreement on a minimum corporate tax rate of 15%. facebook says it is a first step towards certainty for businesses. amazon says the protest will lead to stability in the tax system. but it may not be implement it for years. google will pay 206 t $8 million to settle an antitrust investigation and france, and

reason. this is a new vaccine. tom: a comment from jennifer nuzzo on the state of this pandemic.ca celebrates really having a challenging time. we welcome you on this jobs day. a real focus on the economics. james and j.p. morgan will be here in a bit. taylor riggs and matt miller in for jon ferro and lisa abramowicz. on the pandemic, andrew pekosz. as we wander into june, i want to stop and talk about the great unspoken that i see in new york, the great unspoken in baltimore, and that is the triumph of the pharmacy, the microbiology, and the virology. let's begin with how we did. what did pfizer and moderna do in america that allowed this vaccine excellent? -- vaccine excellence? andrew: they paid attention to the basic science. the basic research that was done 10, 15 years prior to the pandemic, which gave us the information we needed to look at this virus sequence when it first emerged and say, what papers are out there that tell us how to make this vaccine. this looks exactly what we have done before for this coronavirus and we move forward with lightning speed with the help

reasonable. it's an extra push to get people vaccinated and help people understand the importance of vaccination. tomng to do it. celebrities will say get vaccinated. do we need corporations, sporting events, to say you've got to be vaccinated if you want to participate? >> i imagine that is going to happen as this moves from authorization to getting licensed. it will become more of a standard given the very strong safety record they have. i think that is probably going to happen more and more. lisa: you said the delta variant could destabilize countries, even those with high rates of vaccination. can you elaborate? >> countries that have very high rates of vaccination will be protected. countries that have pretty high rates, even the u.k., cases are going up and deaths may be going up. the united states where we have states with middling levels of vaccinations, we will be vulnerable. we will see meaningful outbreaks, if in the summer based on how transmissible this virus is. hospitals will start to fill up again. lisa: there is a distinction between destabilized nations because those individuals are

it was trump's fault, that it was an idea floated by mike pompeo, no, it was a reasonable thing to question and it was tom last year, oh, and then there was of south china university technology who posted a paper about the virus originating possibly from a lab in wuhan, from the lab in wuhan, of course that paper was taken down. but they were so anti-trump that they were antiscience, anti-reason, antilogic, and are perfectly happy with that because if they had talked about today slab leak theory last year, trump might have one and still been the president and that has been the goal all along is it was purely political, they still can't own their mistake. the fact that they are malicious makeup wearing smug monsters who spotted chinese communist propaganda for the past year. >> harlod: let's assume that the chinese, this lab is where the leak came from, what do we do going from here? what is the answer? >> greg: this is an interesting problem, because i think that chinese have us over a barrel of wet mats, because all they have to do is show that we had any bit of funding during this, the united states hel

than europe, including for demographic reasons, but also the technological leadership we see in the u.s. jonathan: thank you. tom good. jonathan: just to give you the numbers, put some muscle on those bones, grew through this year decelerating. 6.5% to the median estimate for growth in america. 4.0% for 2022. a deceleration from 6.5% to 4% next year, than 2.4%. 2.4% is your median estimate. tom: i emails toronto. with the same undershooting of the survey. 19 economists with good statistics. the first quarter number came in below. there is a lot of moving parts here. what i do not see on the bloomberg stream is the world coming to an end. jonathan: obviously not with futures up 22%. tom: i was looking at doge, but ok. jonathan: the key variable has to be the savings rate. how much money will be spent? when you dig into it, there are guesses. francine: who has the savings? is that wealthier individuals who have less propensity to spend, versus lower income individuals that are more likely to spend? the implications here have to be emphasized. the idea that if we do not get's estate -- helicopter money, printing tr

reporting the party wants to focus on their "climate agenda, senator tom cotton fleming the move that could remake america. >> one reasonotiations as they don't have the votes for a partisan bill yet and i'm not sure they will ever get it, they want to spend to the tune of $4 trillion to once again give away things like tax breaks to rich people for electric vehicles. >> jesse: capitol hill corresponded dana perino with updates. >> dana: 20 senators, tender republicans and democrats have said they put together and formed this bipartisan framework that basically would not do all that infrastructure they're talking about but all the other things. "wall street journal" editorial board this morning so be careful of this because it could be a wolf in sheep's clothing. if republicans get -- suckered into -- willingly vote for this, it may give democrats a chance to do other, bigger stuff they really want. on reconciliation which is like waving the white flag of surrender. >> jesse: republicans getting snookered, heard that story a few times. wolf in sheep's clothing? >> greg: cultural appropriation. >> jesse: i'm sorry. >> da

to bump up the individual income taxes especially those who can pay, i think that's a reasonable conversation. >> tomwhich is one is what does it take to actually just even pay for a balanced budget, right? to the degree you have a balanced budget. the other which nobody is addressing is to the extent you want to raise revenue to pay down some of the debt we already have incurred. >> you can have a balanced budget, that's been proven this on both sides of the aisle. so i don't want to be a straw man for republican or conservative policy. we didn't exactly see terrible efficiency under a republican president for the last four years. you can have a balanced budget and you need to attack health care when i say attack, more transparent prices i'm even open to things like means testing on, for example, social security. the very most wealthy people having means testing on government programs, perfectly willing. then you look at tax loopholes there are obvious tax loopholes in real estate tax loopholes on carried interest there's an adult conversation to be had it starts with efficiency. i thought to myself

reasons. and i know tom de mark feels this is great technician says 30,000 intraday. look out maybe the buy point. i'm not going there. sold on almost all of my bitcoin. don't need it. >> we're going to watch not just crypto prices but microstrategy and coin base shares michael was on "mad" last week talking about use case - >> not mine, but he tends -- he's borrowing money to buy bitcoin. >> "fast money." >> without a doubt, he's all in. we spoke to sailor a few weeks back on our show, talked about the rest but here's what he had to the say the other day when asked about his belief in bitcoin. >> well, microstrategy's got the ability to sweep our software cash flows into bitcoin so we're an operating company that reinvests in bitcoin we also have the ability to raise debt financing so we're able to borrow $1 billion at zero percent interest and buy bitcoin, so your etf won't be able to buy billions of dollars at low interest rates and leverage up. to the extent investors feel like the management teams know how to manage leverage, the core business, we should get a pr

if you are looking for fundamental reasons or even just a practical reason, you are probably not going to find it. tomgreat. that's not the answer i wanted. you are our expert on this. do you say where's the regulation, or do you just say let's go? romaine: we posed this question yesterday on "the close" to a couple of people. how do you regulate something that is so disparate? you go back into a previous time before social media, it was maybe a little easier to target market manipulation. but here you just have basically crowd sourced decision-making, and who is the ringleader here? who do you .2? -- who do you point to? i'm sure there's magic behind the throne here, but no one has been able to identify it. tom: there's fundamental research done at the upper, what'-- at the abramowicz household on wendy's pop in higher -- wendy's pop in higher. romaine: i think it is the strawberry salad. tom: how about dave's double? let's go to the markets right now. we've got a wonderful guest ahead. lisa, help me out here. dxy under 90 is a big deal. it does indicate once again weaker dollar. lisa: one thing i fi

i do think the mandate is reasonably clear and we should find out more about how it gets interpreted. tomk you for joining us. greatly appreciate it. very generous conversation. lisa: you missed the lead. he put a tie on for the first time in the pandemic. jan: just for you. first time in 15 months. lisa: how does it feel? jan: a little tight. tom: sonali basak emails and says is this is solomon mandate? is there a tie mandate? jan: not a time mandate. i will be one of the few when i go back to the office. tom: john hot cs, thank you -- jan hatzius, thank you for joining us. lisa, you have a very important guest. lisa: we will talk about the bounds of risk with financial stability and low yield, howard marks of oaktree capital joining us. he has had some he did things to say about where financial conditions are and the potential for an investor, the potential for mistakes. tom: after this interview jan hatzius will be on the phone with jeff currie saying what does $74 print actually mean? all the sudden oil actually a story. strategas framing out $80 a barrel on brent crude. i know no one

the first visit to the us-mexico border retired acting ice director tom home and joined us earlier and says donald trump is the reason she is going. >> she was shamed and going to the border, she's only going because donald trump announced he was gone and she couldn't handle that. he is being more president of about this crisis then president biden or vice president harris, she was shamed into it, she should have been two months ago, doesn't care about this crisis and she's going to el paso. instead of going to the rio grande valley which is the epicenter of this crisis. >> the vice president's trip was 90 days after being tasked with finding the root cause of migration. >> the man shot by police legislators died. and officer opened fire after the man reportedly charged at him with a screwdriver outside motel 6. portland's police chiefs is the incident is being reviewed. >> early in this investigation, pulmonary information suggests our officer encountered difficulty and dynamic situation that no officer wants to face. >> overnight. responded to a large crowd gathered outside the motel where the man was shot. the cro

tom keene loves bond option so i will go into detail. the reason why i care about this, the huge move we saw upward in these yields in particular. you can see how it surged to the highest level since march on the more hawkish comments by a select few regional fed presidents. how much will this turn into something perhaps a bit messier? 2:00 p.m., jay powell testifying to a house subcommittee. how much will he double down on a dovish tilt to emphasize heat and the likes of new york fed president john williams actually very much see this is transitory -- drink -- the whole idea they expect inflation to come back down as reiterated inflation expectations and breakeven rates? john, this is a question, this partition between the leadership of the federal reserve and the marginal players that perhaps don't even have voting rights and they try to throw caution into the markets. tom: angst. i look at the market over three weeks. can't think of he had and starts talking anyway. tom: the drawdown is horrendous. 0.07%. equities have really come back. they hav

tom. >> the fundamental question here, john, is did you have, for some reason, unstable building on an unstable surface. and this report from a researcher at the university of miami, brian mcnulty is getting a lot of attention. he believes the sea level has risen 7 to 8 inches in this area. why would that matter so much? it matters, in part, because of what is underneath all the buildings on this legal spit of land here, which is where the champlain towers are located, right in this area here. this was built on reclaimed deforested wetlands, below the surface of all these buildings out here is sand and organic fill. this is not something that was collected over thousands and thousands of years and settled into place. this is something that is much more recent than that. now, it is on a plateau of poreous limestone which would be there from way, way back in time. nonetheless, the question is if you have a sea rise in that area of that level, what effect does it have on this? does it create instability? is that in any way tied to these pictures from the "miami herald" from the neighboring part of

tom: can we be cyber offensive? >> i'm sure we have been. i'm sure we don't say anything. the reasonon't want other countries, not just russia, other countries to understand how we do it or what we're doing and what our technology is. we have the technology to be more offensive. there is some sense that if they go too far, the united states can take action against them and it could be very disruptive. they have a weaker economy. we are very connected economy. a lot of things can happen here. electricity can shut water supplies down or transit systems or energy systems. the world is in a very precarious place. lisa: how much unity is there among the g7, among the g 30 in combating cyberattacks and working together to make sure networks are up to speed and information is shared. >> i would put it this way, we've got a long way to go. there are different countries that are vulnerable in different ways. some european countries have borne the brunt of this. there is really not a collective doctrine of collaboration or what constitutes an attack that requires retaliation. the other problem

busy couple years has also taken a tom, this a lot of russians, especially young russians, will like to see better relations with arrest. so for these reasons or perhaps others are probably typing the domestic political. seeing this later faction will prevent any one associated with an avowed sponsored organization from running parliamentary elections in september, getting pretty heavy direction. sure, judy joe biden will try and apply any pressure on this when he makes pieces. puzzle biden, as he has been saying publicly, will emphasize reports or restructure him, right? because russia has obligations under the helsinki final act and other agreements to respect cameras. there is a consensus in europe and the united states that are concerned about human rights are respected in russia has been declining. and so people would like to are there in the west would like to see russia is up on that repression for human rights. but in terms of specific political activities or political oppositions, i think president barton will go lightly on right. but there's little he can actually did it rather beyond verbalizing his disagreement with the policy t

for every theory, there's a reason to doubt it >> so, tom, now that that long awaited report is finallyng to handle those? >> reporter: it wants to come back to congress within 90 days for a plan for collecting the data here. instead of anecdotal reports, it wants hard, scientific data. it admits there is all the evidence that this is phenomenon exist, so now it wants a better approach to collecting that data but the idea that another country has surpassed the u.s. in hypersonic technology, that a national security concern. people inside and outside the government are worried about that there really is not a need to talk about the potential for aliens most experts say there simply isn't any evidence of that >> tom costello there for us in washington thank you. >> good news/bad news, potentially. al, i love your 4th of july outfit >> thank you very much you're welcome, america. all right. >>> let's take a look at what is happening out there. a lot of umbrellas needed stretching from mexico to michigan flash flood watches, flash flood warnings this is along a frontal system heavy rain str

it appears there is a reasonably active gray market trade in lobster in australia going on. yvonne: it is a delicacy. tomyou -- i should say, paul allen joining us from sydney. coming up, a look at bonds with an economist, the findings from her latest report. we discuss how central-bank policy could shift as the fed looks to normalize. this is bloomberg. ♪ s is bloomberg. ♪ haslinda: we are watching data in southeast asia, a couple of economic -- in malaysia. consumer prices estimated to have grown four point 7%. the exact numbers out at noon, local time. industrial production data for may is expected to jump 24% year on year, a slight decline on the month. a bloomberg survey of economistss suggests the region wil face a long road ahead to get back to pre-pandemic growth. the philippines leading the most, well singapore is the loan country expected to back the trend. yvonne: and the asian development bank is out with its latest asia bond monitor. emerging east asia's local currency bond market grew to over $20 trillion in the first quarter, due largely to the pandemic. we adjourned from manila with grace

reason? giuliani's repeated false claims about the 2020 election opposed a threat to the public interests. as tom foreman explains, it is a blow for the man once known as america's matter. >> the president of the united states says i didn't -- >> truth isn't truth? do you realize what you -- >> no, no, don't do this to me. >> reporter: long before a new york appellate court suspended his legal career, america's mayor was melting. >> and the reason i keep all these things together is precisely to avoid bwhat the democrats did. >> reporter: from the outside of donald trump's tumultuous term, rudy giuliani was a prized player around the oval office. >> rudy is a very straight shooter. >> reporter: but others saw help differently. >> he is the political henchman for the president. >> you are just repeating spin. >> but you are not spinning anything? >> i'm not spinning a damn thing. >> reporter: the chief problem, giuliani was neck deep in the ukraine scandal from the get-go. and giuliani insisted with no proof that democrats were trying the trick. >> i'm a legitimate whistleblower. >> reporter: he s

reason. there are no institutional investors in this stock, so why wouldn't you embrace some of these traders? that's what you've got a new share sale going across the wire now. tom: the stock on an intraday basis was a surge up to $76, and we have come down to a $70 level. you get some dilution on this offering, but the math here really doesn't work. romaine: no, you've got to rip up your cfa textbook for this stock because this is an about fundamentals. that downgrade yesterday from goldman on imax and set a mark making the case that what we see -- and cinemark making the case that what we see of the entertainment business isn't going to be what we saw pre-covered. so what are people buying here at $70 a share? apparently, a lot of people don't care. tom: lisa did a word search on bearish and came up with something. [laughter] lisa: i have an alert that triggers any article that has bearish in it. the idea that there are still shorts out there, as julian emanuel was saying, he is surprised people haven't learned their lesson. if you take a look at the paper losses for short-sellers on 10 of the most short of u.s. shares, it was $4.5 billion of paper loss yester

tom homan reports from petty ban on the difficulties confronting farmers, the green gold. that's what they call this fruit, mitchell county, southwest mexico. the reason is some have given the crop a different name blood because those both are partly true. the industry here is worth billions exporting to the us, but it's so lucrative, the criminal groups a trying to muscle in we here in period, but with the ever called the foam as a fighting back. the town who set up its own self defense schools. this is a drill session before they head out on patrol. some of these 3 brothers, a part of the force and own this group. they don't want us to show their identity. they say they're up against one of the most powerful group to mexico. and got them 8 years ago, the lisco new generation cartel came in here and wanted to take our land. so we had to.

there's no reason not to be out on that risk spectrum if you believe these conditions are going to persist. tom: is that on the agenda for biden in brussels this morning? lisa: people say that long commodities is the most overcrowded trade, overtaking bitcoin. at this point, prices at the pump have been going up, probably not enough to create any international issue. nonetheless, it is becoming increasingly an issue with taxes. tom: jon ferro is very good about this. you have a driver's license? lisa: i do. [laughter] romaine? romaine: yes. lisa: tom and jon don't. "surveillance" road trip. i'm driving. romaine: it is never too late to get a drivers license. lisa: did you see that people are holding onto to their cars a lot longer? romaine: if you ever go below 59th, you will need some kind. tom: people are holding them longer come but the fact is at 17 million units a year, there's the gloom out there, except people are acting with the bid up we see in used cars. don't tell my used car prices are transitory. lisa: you've got supply chain disruptions, you've got commodity shortage or even commo

reason to become president, it's no traffic. i want to say that when we flew in the day before yesterday on the tom i geneva up already 3 russian planes and those were presidential plays that i think had brought sub personnel the ground, but also party they brought in the president transportation. so i mean, they've been preparing for days. i think they'd probably been preparing on top of the logistics since they announced that. and actually i can see on my very modern technology here, i thought the play has completely stopped. the case has been laid out for the royal reception. president biden will be walking down the steps anytime setting foot on june even fool j. s. i mean, when you said ro receptionist, one of the things joe comes from joe by can comes from a meeting with the queen. just before arriving, he did have tea with the queen before heading off to brussels for those meetings with the, with nato, and with the, with the you. and apparently he brought up president putin with the queen. i don't like a thing because i like the queens had a rough. yeah. who? queen elizabeth has had her own sasha drama while you trudging

reason. we don't know what it is. frankly, we haven't had time to process the factors, but tom does.ave a conversation that counts. wes as much as you do, like this guy in a hat. that's why progressive car insurance covers your pets for up to $1,000 if they're ever in a car accident with you. this mini majorette's gonna march her way right into your heart. -i'm sorry. can we stop? i know that we're selling car insurance here, but, you know, all the cute little animals, it's too much. define "too much." what's wrong with cute animals? -so are we doing this or what? -nah, it's over. [ sighs ] well, someone's got to break the news to mittens. [ squeaks softly ] she's a diva. [ mittens squeaking ] this is the sound of change. the sound of a thousand sighs of relief. and the sound of a company watching out for you. this is the sound of low cash mode from pnc bank, giving you multiple options and at least 24 hours to help you avoid an overdraft fee. because we believe how you handle overdrafts should be in your control, not just your bank's. low cash mode on virtual wallet from pnc bank. o

it's one off the reasons a lot f people are so disappointed when he gave up his column a few years back. even after tom left teaching you still teaching through that column, and i said at the time he was the best professor a lot of people had even if they never went to college. i think sowell's public intellectualism was to a certain extent modeled under freedom, he studied under persuasive left-wing economist do you think he would have turned out differently? >> guest: i don't -- no, probably not. sowell is very much his own man. he wasn't indoctrinated by friedman or george stigler, another nobel prize-winning economist that sowell studied under s in chicago. he studied under gary becker when he was at columbia working on his masters. but no, i mean, and friedman has pointed this out. sowell is his own man. even after studying under friedman he was still a marxist. >> host: is somewhat hard to figure this stuff out for himself and a don't think professor when i changed his mind. he's been very independent-minded for a very, very long time. >> host: i know that. what was his first big hit? >> guest: h

they would not do in other circumstances, and for that reason, i think, the double standard raises questions about the manhattan d. a. neil: got it. tom reporting on these latest developments and the curious timing. there are no accidents or coincidences in politics, we're going to explore another big development today in case you haven't heard, bill cosby had his conviction for sexual assault overturned today, the pennsylvania appeals court. that decision alone is going to make him a free man and be released from prison shortly. what was behind that, what changed things? after this. i'm so glad you're ok, sgt. houston. this is sam with usaa. do you see the tow truck? yes, thank you, that was fast. sgt. houston never expected this to happen. or that her grandpa's dog tags would be left behind. but that one call got her a tow and rental... ...paid her claim... ...and we even pulled a few strings. making it easy to make things right: that's what we're made for. usaa. what you're made of, we're made for. get a quote today. neil: bill cosby is about to be a free man expected to be released from prison shortly after a pennsylvania appeals

economy and popularity anything that makes him look like biden's equal and that's the reason why they denied him that. >> tomrter this morning appreciate it. >> thanks, andrew. >> you bet. >>> we're going to sneak in a quick break right now. before we do, check out this morning's winners and losers in the s&p 500. all of this happening as the fed is in focus waiting for the end of the second day of meeting there. here's a statement from the fed and the press conference that follows. we see dish network's at the top leading the way. oracle is the biggest laarggd. down by 5% "squawk box" will be right back. world-class interiors, and peerless design... their only competition is each other. the incomparable mercedes-benz suvs. extraordinary runs in the family. visit your local mercedes-benz dealer for exceptional financing offers on select suvs. right now, you're planning for your future. whether it's employee number two, or employee number two hundred. you deserve to work with a team as invested in your future as you are. learn more at massmutual.com what if you could have the perspective to see more? at morga

you have a very, very reasonable multiple here, and i think the question that will hang out there -- and maybe this is to tom, maybe it is to the group -- is will second quarter earnings be the catalysts that punches these stocks out of their consolidation range. i thought it would be the case in first quarter, i was wrong. you had fabulous earnings and the stocks were just -- their performance. i expect in the second quarter earnings people will say it is ridiculously cheap for this quality of the business model. that's what i'm looking for. >> i'll let tom lee address that, whether you think it will be the case, that the stocks actually react positively to earnings this go around or if they even -- you know, that needs to be the catalyst it sounds like rates alone are enough of a catalyst, and the fact these stocks have been sideways for a while until recently, that's enough of a catalyst, x, what is expected to be good earnings >> jim brings up a good point because when stocks rise it is because it is positive surprise. q1 earnings was kind of a mulligan because it is early and the comps are weird. when s

reason she needs to compete for our country. >> exactly. >> she should be removed from the olympic team. >> that is republican senator tom cotton, the same is no laughing matter because the cancel culture threatens the very principles of free inquiry and open debate upon which our society is based. >> the same tom cotton who railed against being canceled after "the new york times" op-ed got so much backlash from those who felt it was inaccurate and inflammatory, the one he called for sending the military to deal with american protesters. >> i published an op-ed there that said simply, while we respect peaceful protesters, we can have zero tolerance for looting. >> so he supports peaceful protesters, but he'd like to cancel gwen berry. then there is congressman dave crenshaw. >> we don't need more activist athletes. she should be removed from the team. the entire point of the olympic team is to represent the united states of america. that's the entire point, okay. >> it's a pretty diverse country. he not only wants to cancel gwen berry but thinks that's a quota on activists. this is the same time crenshaw who said it's time to cancel canc

for those reasons i expect our near-term inflation pressure to ease as we go into the fourth quarter. alix: that was richmond fed president tomn on the state of the of is economy. joining us is david kelly, jp morgan asset management chief global strategist. are you buying tech right now? do you by growth -- do you buy growth? david: i don't think interest rates stop here. we are at 1.50% at the treasury, but we still have a lot of momentum in this economy. i looked at the numbers that came out at 8:30 today. i am still looking at more than 10% real gdp growth in the second quarter, about 7.5% year-over-year by the fourth quarter, with inflation staying pretty strong. i would want to be overweight value versus growth. guy: but this is pete growth, isn't it -- peak growth, isn't it? with but to be close -- we got to be close. the data are starting to indicate that we may be nearing the near-term top. buckets armenta be a discounting mechanism. are meant to be a discounting mechanism. i am looking six months ahead. what does the picture look like? david: because only half a year's worth are going to be paid out in july, that me