i am vonnie quinn. this is bloomberg. juliette: still i had on bloomberg buckets asia, semi conductor shortage. the gap between ordering a chip and taking its delivery is now at 16 weeks. the outlook from the industry with regional head of tech research. rishaad: next, more analysis with that of research at ce be international. sure why he is a long on economy stocks. that is up next. this is bloomberg. ♪ rishaad: asian markets a bit of a stagger, we have a hankering new to the upside and a bit of weakness in japan. we have the minutes from the fed march meeting saying policymakers waiting for data to improve before turning back similars. they also downplay inflation risk. let's get the market outlook with the head of research at ceb international investment. are they looking for trouble where there is not any trouble there? >> entering the second quarter you see lots of [indiscernible] many in the market, but the problem is, no matter where you go. i would say for the moment and second-quarter we should or focus on the t

i'm vonnie quinn, this is bloomberg. paul: still to come, washington will send 60 million doses of astrazeneca shot once the vaccine clears federal safety reviews as president biden pledges his support. the details next. we also discuss that with the mayo clinic director, plenty more to come. this is bloomberg. ♪ paul: the u.s. plans to export 60 million doses of the astrazeneca vaccine once it clears federal safety reviews. president biden pledged his full support to india's five minister -- prime minister, who is combating the world's largest surge of infections. michelle, is the vaccine going to help with this? >> the vaccine will absolutely help india. but it is going to take quite some time for it to have an impact. you have to remember, these vaccines, the astrazeneca vaccine is given and to does shot. you need to take them several weeks apart. we will need to get them there, and then the system kicks in after that. in terms of the outbreak, the catastrophic outbreak happening right this minute, the best way to get

i am vonnie quinn. , this is bloomberg.aad: amazon providing a big increase in sales and -- amazon -- i am vonnie quinn, this is bloomberg. rishaad: it might be ameliorated. some people can go on main street. >> actually, amazon says they believe people will continue this pandemic fueled buying friendly online -- frenzy online even after they returned to work. the first quarter revenue jump ed. jeff bezos had warned investors that the covid-19 pandemic would be costly. he wanted to build up all the warehouses, they added hundreds of warehouses. they spent a lot of time to make their warehouses say for the workers. all of these big bets paid off because the earnings were at a record $15 and $.79 per share. blowing away estimates. some of the other numbers that came in, they were a cloud computing venture. they have a segment called other. it is mainly ad revenue. if you go into bloomberg, there have been 24 straight quarters where amazon has really blown out the sales numbers. it is no wonder that at least one analyst called

vonnie: u.s.ficials say they are examining cases of rare blood clots tied to johnson & johnson's covid-19 vaccine. one case involves a male and the other involves a female, both younger than 60. the new report brings the total number of cases to 17, this out of 8.1 million doses administered in the u.s. the european commission is seeking authority to levy fines or block deals by foreign, state owned companies. the proposed rules obtained by bloomberg seek to answer complaints from european businesses that chinese state backed firms can get support. chinese business groups have already complained about the draft which could change before it is set to be proposed next week. prime minister justin trudeau has told the bloomberg green summit that canada will meet its target to reduce emissions by 2030. that is the record of missing its previous climate goals. recent data showed canada was the only country to see harmful emissions actually rise between for 2015 and 2019. >> it's also about consumption.

i am vonnie quinn, this is bloomberg.samsung's first operating income was up 44% from a year ago. this coming after the early release of its new flagship phone, and expecting economic rebounds which is brought in -- has resulted in higher chip prices. give us a broad overview of what you got out of the numbers. >> thank you for having me here. i saw the number and it was surprising, because the preliminary operating prices beat the annual sales and expectations, but if i compared the numbers, we see individual investors. i think it is why is based on price at the moment. rishaad: looking ahead, what is the guidance like for you in terms of this global chip shortage and how that is playing out with this company? claire: in the short term, it is ok when the country is making phones or tv's. if the chip shortage situation is difficult for anyone in the world, i think samsung could have -- month. juliette: talk us through how long the supply chain can hold up with all of these disruptions. and where you are seeing upside for

let's get over to bond 8 -- two vonnie quinn with first word headlines. vonnie: thank you. jamie dimon says he is optimistic the pandemic well and with u.s. rebound quickly last at least two years. in his annual shareholder letter, he says economic conditions are likely to result in a boom that may run into 2023. he also warns that while lenders are benefiting from u.s. stimulus, disruptions by technology could shrink the role of traditional banks in the financial system. the eu is pushing for a response to its regulator finding of "a strong association for the vaccine and blood clots." the u.k. drug regulator issued a warning about the astrazeneca ja b, advising people under 30 to seek a alternative. it developed an off -- in oxford and continues to tout its global rollout. the cdc has confirmed to the u.k. covid-19 variant is the u.s., overtaking the original virus. despite rising cases across the country, new york announced it will reopen beaches in time for memorial day, and public pools will open the following month. tokyo is preparing to impose new restrictions to mat

i'm vonnie quinn. this is bloomberg. paul: still to come, japan eyes and other virus emergency for tokyo as cases continue to search with the olympics months away. resident jode biden -- president joe biden plans to advance the climate fight. this is bloomberg. ♪ >> no nations in -- no nation can solve this problem on their own. >> the height of climate change will be the engine for all global recovery. >> we can build back better from this pandemic by building back greener. >> we need to work on the basis of international law. follow the principle of equity and justice and focus on perspective actions. >> i am delighted to see that the united states is back to work with us in climate politics because there can be no doubt about the world needing your contribution if we want to fulfill our ambitious goal. >> all of us, particularly those who represent the world's largest economies, we have to step up. shery: foreign leaders speaking about climate change emissions on day one of president biden's climate change summit. for

vonnie quinn is there with the first word headlines. vonnie: u.s. regulators are said to be considering a tougher plan for investment firms after the implosion of archegos. sources say the sec is exploring how to increase transparency for the type of derivative beds that sank day -- derivative bets that sank archegos. president biden says his administration has achieved its goal of administering 200 million vaccine shots in his first 100 days in office. the president is asking companies to do more to boost the inoculation effort. he is encouraging small businesses to take a vantage of a tax credit that will help pay workers for time off to get vaccinated. >> i am calling on every employer large and small in every state to give employees the time off they need with pay to get vaccinated. anytime they need with pay to recover if they are feeling under the weather after the shot. vonnie: sources say the biden administration will soon restoring california's power to limit in missions -- limit emissions from vehicles. the move would reverse two trump era

i'm vonnie quinn. this is bloomberg. haslinda: coming up on bloomberg markets: asia, the director general of the international vaccine institute joins us to discuss the progress of covid-19 inoculations across the world, and what the new variants mean for the race to achieve herd immunity. rishaad: also, the importance of engaging men and boys to support gender equality. this is bloomberg. ♪ this is bloomberg. ♪ rishaad: breaking news at the moment with this unofficial visit from the u.s. to taiwan. we got a response from beijing, and the spokesman for the foreign affairs department. taiwan affairs office saying the u.s. is sending the wrong signals to taiwan. this is according to china's taiwan affairs office, saying this in response to the u.s. sending an unofficial delegation to the territory. we were waiting for a bit of a response coming from beijing. again, we did see the ante being upped, china sending warplanes there as well. haslinda: let's get back to one of our top stories. mounting concerns about the financia

i'm vonnie quinn. this is bloomberg. juliette: still ahead, coinbase hit a $100 billion valuation on its debut before falling back. investors and the fed taking notice. we will discuss that next with richard byworth. rishaad: also looking at earnings due later on and consider the impact of the chip crunch. this is bloomberg. ♪ s is bloomberg. ♪ rishaad: we are looking at taiwan semiconductor manufacturing out with numbers a bit later. a strong first-quarter set of earnings. amid this global chip crunch. shares hit a record earlier this year after surging 60% in 2020. our next guest expects earnings to reach the top end of guidance. joining us is kirk yang. kirk, give uis a -- us a sense of what you are looking for when they come out with numbers. to say they are strong, would that be perhaps underplaying it? kirk: good morning. i am sorry, i am having some difficulty hearing your question. rishaad: kirk, i don't think you heard me properly. give us a sense of what you are looking for when these numbers come out. kirk: so

i am vonnie quinn. this is bloomberg. shery: let's get back to minneapolis. our bloomberg reporter, fola akinnibi, is on the ground. what are you seeing now? we got concerns about potential protests ahead of the verdict. what is the situation now? fola: i am here in george floyd square. >> black lives matter! fola: we were here last year and, you know, it's a jubilant atmosphere. people are celebrating. people are hugging, crying. they have been chanting. there have been speech going on people are -- going on, and people are happy. we have not seen any sort of unrest here at least and there is a minimal police presence in the square. shery: -- haidi: you can hear the relief, to some extent, jubilation and celebration, but at the end of the day, is this -- of course a celebration, because this should be the baseline, that some sort of justice was served for something that never should have happened in the first place. what is the next step in terms of pushing this forward to ensure that police violence a

let's get over to vonnie quinn. vonnie: in other news, the tokyo governor says she wants the government to declare a state of emergency as soon as possible to curb the surge in covid-19 cases. infections in the city have jumped to levels not seen since january. the prime minister set out restrictions in tokyo, osaka, and other regions this month to slow the spread ahead of the summer olympics. prime minister narendra modi is urging states to avoid lockdowns to avoid another hit to india's struggling economy. infections have forced the shutdowns of new delhi and mumbai. modi says states should only lockdown as a last resort. india has the world's fastest growing number of covid-19 cases, with more than 250,000 infections and 1700 deaths recorded tuesday. the european union's top diplomat says russia's military escalation on the border with ukraine has gone to 150,000 troops, the largest buildup ever on the frontier of both countries. he says that raises the possibility of further conflict. but the block is not discus

vonnie: i am vonnie quinn with the first world headlines.hair jay powell says he is more concerned about rising infections than rising prices. powell played down the risk that it -- inflation to get out of control. he also said the fed has the necessary tools to deal with rising prices. president joe biden has announced the set of executive actions to curb gun violence. he is urging congress to adopt stricter laws while denying the new measures infringe on americans second amendment rights. one action would cover so-called ghost guns, assembled from kits without serial numbers. and other mass shooting left six people dead in south carolina including two children, just before joe biden spoke. the u.k. has gone to the -- a move that could fuel tensions with china. he fled to london last year after china introduced a sweeping national security powers for the former british colony. he faces arrest under the legislation if he returns. brazil reported 4239 coronavirus related deaths thursday. the country's highest single day toll of the pandemic.

let's get to vonnie quinn. vonnie: u.s.ing pressure on republicans to support is two point $2 trillion infrastructure plan. speaking from the white house, biden called it a blueprint for the future saying it is vital for the u.s. to stay competitive china. republican lawmakers oppose the plan which is also seeing opposition from democrats. treasury secretary janet yellen expects president biden's corporate tax plan to recoup about $2 billion over the next decade. yellen says the plan would be fairer to all americans, pay for biden's infrastructure proposal, and remove incentives for u.s. corporations to shift assets abroad. jp morgan ceo jamie dimon says he is optimistic the pandemic will end with a u.s. rebound that could last two years. in his letter, he said the economic conditions and the new stimulus are likely to result in a boom that may run into 2023. dimon also warns that destruction by technology could shrink the role of traditional banks and the financial system. the cdc has confirmed the u.k.'s covid-19 variant

vonnie: u.s.ified before lawmakers for the first time in more than two years, with congressional leaders brazenly alarm on china's rise in power. intelligent heads label beijing an unparalleled priority for the community, the fbi director revealing it opened a new investigation every 10 hours. hacking and troop withdrawals from afghanistan were areas of concern. >> we have over 2000 investigations that tied back to the chinese government. on the economic espionage investigation site alone, it is about a 1300% increase over the last several years. we are opening up a new investigation into china every 10 hours, and i can assure the committee that is not because the folks have nothing to do with their time. vonnie: the head of global climate talks joins the u.s. in calling on china to accelerate efforts to cut its greenhouse gas emissions. japan's environment administer says air pollution controls could directly impact the health of japan's residents and urges beijing to move ahead of its pledge. le

i am vonnie quinn. this is bloomberg.l ahead, we discussed japan's economy with the imf chief for the country, as tokyo struggles to complain a surge in new virus cases. the global vaccine rollout suffers another blow as a blood clot he feared forces johnson & johnson to take a pause. we have the latest. this is bloomberg. ♪ haidi: heed the example of alibaba, that is what beijing is telling tech giants. morning them to rectify the anticompetitive practices within the next month. let's get more from our greater china executive editor. john, what was the meeting all about and what are the changes expected in the short timeframe? >> they called them the who's who's list of tech in china. there was a bit of a silver lining, the regulators are giving everyone a month to fix any problems they might have. the cloud that that is surrounding is quite large. regulators are saying things you can no longer do. you cannot use acquisitions to stop that competition. you have to protect the data of your users. you cannot evade taxes. yo

let's have a look at first word news with vonnie quinn. vonnie: thank you. we start in the u.s.resident joe biden has resumed his massive infrastructure plan and is counting on business to pay for the 2.25 trillion dollar deal. his goals support transportation, manufacturing, research development, and high-speed. he would impose a minimum tax of 21% on global corporate earnings . the wto has raised its projections for the year forecasting and 8% rise in global trade. that will be the biggest improvement since 2010. the director general says the projection would be tied to virus disruption, warning that new waves of infections could undermine any recovery. she also criticized vaccine nationalism, saying slower rollouts could result in not meeting forecast. >> no longer can we afford for poorer countries to stand in the queue working for vaccine. 70% of vaccine doses today have been administered by 10 countries. the inequity of access is glaring. vonnie: myanmar's ousted parliament is planning to set up a national unity government in defiance of the military junta. the new governm

let's get it over to vonnie quinn in new york with the first word news. bonnie: -- vonnie: the u.s.d to india to help stem the world's biggest surgeon covid-19 cases. the biden administration says they are sending vaccine to reels and will step up financing support for production. it may also offer unused astrazeneca doses. they reported one million new cases in the past three days alone in india. prime minister modi is imploring residents to get vaccinated. reportedly moving or restricting more than 50 posts in the past month at the urging of the indian government. there has been criticism of the handling of the pandemic and video of an attack by insurgents. in a statement, they said they review all valid legal requests. u.s. senator lindsey graham says republicans have proposed $900 billion in infrastructure spinning, far less than president but it has proposed. he told fox news that rather than increasing the corporate tax rate to 28%, there is a deal to be done on infrastructure spending. biden is expected to talk about the plans when he addresses congress this week. sources say

let's get first one is with the vonnie quinn. vonnie: the u.s. secretary of state is where china against encouraging -- encroaching on taiwan. antony blinken voiced concerns about beijing's aggressive actions in the taiwan strait saying the west end by commitment to ensure independence. this after departments released on official statement some cut with someone. david cameron has defended his efforts -- cameron has helped -- and is ministers came under fire for jabbing the company. cameron lobbied officials to give the company access to funds from britain's pandemic support program. japan has just made golfing history. 29-year-old muncie, has become -- moved to llama -- mutsayama earned the coveted green jacket by earning tentative far. his victory is the first major title for him. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am vonnie quinn. this is bloomberg. haslinda: still ahead on bloomberg markets: asia, gdp readings show positive growth on reco

let's get to first word news with vonnie quinn. vonnie: the u.s.e latest nation pledging a two india to stem the world's biggest surging covid-19 cases. the biden administration sending raw materials from vaccine production and financing support. india reported one million new cases the past three days and the prime minister narendra modi, is imploring residents to get vaccinated. the biggest campaign in history is underway with one million doses administered -- one billion doses a ministered across 172 countries according to data by bloomberg, to vaccinate 6.7% of the population. 19 point 2 million doses a day in the u.s., 229 doses given so far. indonesian authorities say they found the navy summary that disappeared five years ago and declared all 53 crewmembers on board dead. it was located below depth it was built to withstand. the prediction was oxygen would be depleted by saturday for the vessel was located and there are indications the crew tried to escape. china's banking regulator are encouraging banks to boost loans to small companies 30%

i'm vonnie quinn. this is bloomberg. haslinda: still ahead on bloomberg markets: asia, india's prime minister is urging states to shun lockdowns even after virus surges to more than 2 00,000 cases a day. we look at how the pandemic is -- rishaad: next, apple's spring-loaded event bringing up a series of new products, including a new ipad pro, a redesigned imac, and a gps tracker for lost items. we will discuss with that means for asian suppliers. this is bloomberg. ♪ is bloomberg. ♪ rishaad: apple has been showing off a new imac desktop and ipad pro, both powered by its m1 processor. it comes as a global shortage of electronics components worsens. apple supplier foxconn believing the component shortages have actually worsened since lights since -- since late march and believes next year. for more we are joined by bryan ma. first of all, let's get to the product launch itself and get that out of the way. what did you make of the new ipad pro and the imac? what do they do in terms of changing the game, if at all? bryan: i

on vonnie quinn. this is bloomberg. shery: we will discuss comments and the progress in the country's rollout later. but, up next, fed chair jay powell said the u.s. economy appears to be at inflection point and poise for stronger growth. hear more from his interview with david rubenstein next. this is bloomberg. ♪ shery: fed chair jay powell believes the u.s. economy is at a turning point. it is place for stronger growth and more jobs as the country emerges from the covid-19 pandemic. speaking to david rubenstein, he said debt levels were sustainable for now but the coronavirus is still a major risk. >> the economy, at this point, seems to be at a bit of an inflection point. that makes sense with more widespread of vaccinations. strong fiscal policy, more support for monetary policy. you can see ridership on airplanes going up and people going back to restaurants. i think the march jobs report we recently got shows with that can look like. close to a million jobs in a month. we are going into a. of -- a period of faste

vonnie: thank you.al monetary fund has upgraded its forecast for the second time in three months, while warning about widening inequality and the diverge -- the lesser developed economies. the global economy is expected to expand 6%, from 5.5% pace estimated in january. that will be the most in four decades and would come after a contraction last year of 3.3%. amazon jeff bezos says he is supportive of jet -- of president joe biden's tax hike to pay for the infrastructure built. he stopped short of fully endorsing the president's proposal, and a statement on the corporate blog. amazon traditionally avoids political issues not directly tied to its business, but it was because -- can't up -- it was caught up into this debate. president biden formally announcing all americans over the age of 18 will be eligible for a vaccine by april 19. biden spoke at the white house on the state of vaccination efforts in the country, warning the u.s. is still in a "life race against the virus." he warns while there has b

let's get over to vonnie quinn with the first word headlines. vonnie: thank you. brazils hospitals are struggling to cope with the crush of covid-19 patients as the nation gets hit by a more contagion's variant. the country reported more than 93,000 cases in a 24 hour period over the weekend. it's more than 3600 deaths. that has taken the total death toll in brazil above 350,000 people. health officials have warned the outbreak is at a critical stage but the president reiterated his opposition to lockdowns in a video released saturday. highlands local covid-19 cases hit a new record, threatening to derail the nation's plan to welcome back tourists. health officials say daily infection surged to 789. that brings tylan's total cases -- tylan's total cases to 31,000. philippines president relaxed a lockdown in the manila area. people are are required to stay at home but more businesses will be allowed to operate. china's cdc has admitted that the country's vaccine do not offer a high protection rate and may require improvements to boost effectiveness. the country's t

i'm vonnie quinn. this is bloomberg.be sure to tune into bloomberg radio to hear more from today's biggest newsmakers. broadcasting live from her studio in hong kong. there is lots more ahead. this is bloomberg. ♪ haidi: let's take a look at what we are watching as we get into the major markets trading. >> nikkei futures moving to the upside. steadiness there after tapering plans. td securities at mid-march lowe's, saying the onus is on the data with more aggressive market pricing than that. a little clarity expected from the european central bank. struggling to break out as india's virus cases and new supplies weighing on prices. $50 a barrel, due in part to opec's willingness to make adjustment to prices and oil markets. cautioning that while the market is right about being bullish, the uneven recovery across the globe remains a headwind. shery: antitrust regulators have put most of china's largest internet platforms on notice. until recently china so-called b.a.t. companies had flown under the regulatory radar. our ch

i'm vonnie quinn.his is bloomberg. ♪ haidi: coming up, look at the agenda of the meeting between president biden and the japanese prime minister. plus, citigroup expands banking in 13 markets across asia and europe. more on the plan and the outlook for big banks. this is bloomberg. ♪ ♪ haidi: stocks jumped to record highs in thursday's session as we look to the start of trading in asia and a positive outlook when it comes to early gains in trading here. retail sales in the u.s. and weekly jobless claims point to an accelerating recovery in the world's biggest economy. let's ring in the ceo of an asset management company. great to have you with us. we are in a bubble given where valuations are, and whether what we see in the data is a reflationary pulse. what do you see about the argument that asset classes are too much at the moment? >> a clear indicator you can look at, and we have been managing for 30 years to avoid the risk of double markets and every once in a while, things happened that don't make

let's get you to vonnie. vonnie: u.s. secretary janet yellen has outlined the case for uniform corporate tax rate across the world's major economies. in her first major speech on international economic policy, she said the u.s. is working with g20 nations to find an appropriate minimum right she singled out china saying the u.s. needs a strong global presence to level the playing field. the world bank president says the g20 is likely to extend its debt services initiative to poor nations. the program delivered $5 billion of relief in 2020. he says more needs to be done to achieve economic growth without leaving hundreds of millions of families in poverty. the guggenheim investments chairman scott minard says is only a matter of time before another firm implodes in similar mental -- similar manner to archego. in an exclusive interview, he told bloomberg the follow-up may not be over. >> it is highly likely we are going to have another situation like that. these things when they come like we are experiencing where out of th

let's get to vonnie quinn with first word headlines. vonnie: the u.s. of state warned china against encroaching on taiwan. in an interview with nbc news, antony blinken voice concerns about beijing's aggressive actions in the taiwan strait thomas same the u.s. stands by its commitment to ensure the island's defense. this comes after the state apartment these limits on unofficial contacts with taiwan. iran is calling a black up at its biggest iranian -- uranium and richmond facility to -- enrichment facility. the top atomic official did not elaborate. israel opposes the 2015 nuclear deal and does not want the u.s. to lift sanctions on tehran. brazil's hospitals are struggling to cope with a crush of covid-19 patients as the nation gets hit by more contagious variant. the country reported 93,000 cases in 24 hours over the weekend and saw 3600 deaths, which takes the total death toll above 350,000. health officials were the upper exotic critical stage. the president, bolsonaro, reiterated his oppositions to lockdowns in a video on saturday. thailand's covi

i'm vonnie quinn.sident joe biden will address congress and give details of his american family plan, defining $1 trillion in spending with $800 billion in tax cuts and credits. it's funded in part by the largest tax increase in decades on wealthy americans. biden will say that wall street did not build america, the middle class did. let's bring in the director of economic policy at veda partners. always great to have you as always. how attached should we be to the details that are in this plan, given that there was an overestimation of how strong the progressive agenda would be in congress? henrietta: i stole a line from ted lasso. watchers and investors be goldfish. the president is going to rollout optimistic spending levels, $4 trillion between the infrastructure plan and the family plan. he will rollout free -- $4 trillion worth of tax cut -- tax hikes. our expectation is that gets cut at least in half if not more than that by the end of this process which will take until september to play out. yo

we go to new york and vonnie quinn. vonnie: the u.s. are committed to cooperating employment change and and in the paris accords. the statements came after envoys from both sides met last week amid growing via political tensions. u.s. president joe biden will hold a virtual climate conference with foreign leaders this week, and the chinese president will participate, according to dow jones. french president emmanuel macron is calling for clear redlines in dealing with russia, objecting to moscow's buildup along the ukraine border, and the health of alexey navalny. macron said an open dialogue is needed for stability, but he said sanctions are needed for russia's unacceptable behavior. america's top infectious disease expert says it is unlikely the country will cancel use of the johnson & johnson vaccine. dr. anthony fauci says the decision on how to resume the shots is likely to come by friday, a faster timeline than other officials have indicated. last week, the head of the u.s. cdc panel said more data is needed and the hold could las

i'm vonnie quinn. this is bloomberg. shery: coming up, we look ahead to president biden's landmark climate summit and discuss where the world's superpower stands. and later this hour, a $7 billion rescue package to stop soccer clubs from breaking way. we will talk about competing visions for the world's most popular sports and how much they are financed -- and how they are financed. this is bloomberg. ♪ haidi: weakness in the tech sector have pulled stocks to an all-time high. joining us is the chief u.s. market strategist at morningstar. great to have you with us. we have seen earnings fight perfection in recent rounds but the s&p 500 is already above year end estimates come up so where do we go from here? david: we are pretty much in the same boat but we think the market is overextended. u.s. equities are probably about 5% overvalued. having said that, we see value in a couple of different areas. the value category being one of those areas investors should look to overweight. looking at some of the large-cap stocks, th

vonnie: u.s. regulators are said to be considering tougher disclosure environments for investment firms after the implosion of archegos and gamestop. sources say the sec is exploring how to increase transparency for the types of derivative bets that sank archegos. the regulator also faces pressure from capitol hill to shed more light on who -- more than a century after estimated 1.5 million armenian civilians were killed at the hands of the ottoman empire, president biden said to be preparing to declare the atrocities an act of genocide. the president is expected to make the announcement this weekend, joining at least 29 other countries including turkish adversaries russia and syria, who have already done so. the former police officer convicted of murdering george floyd is reportedly being held in solitary confinement for 23 hours a day in minnesota's only maximum-security prison. derek chauvin was placed in isolation over fears for his safety. he was convicted of murdering george floyd last may b

let's get the first word news with vonnie quinn.g on india, president biden saying he spoke with prime minister modi to discuss when the u.s. will be able to send covid vaccines to india. it is something the president says he intends to do but he did not specify a timeline. biden revealed that the u.s. is providing aid, and machinery for a vaccine manufacturing. president biden is telling to forgo an extension of the estate tax and his tax hike proposal. during the campaign, biden pledged to increase the estate tax, but bloomberg is now told the estate tax boost will not be a part of the american families plan the president will unveil on wednesday. canadian prime minister justin trudeau told the bloomberg green summit that canada will reach its new target to reduce emissions by up to 45% by 2030. that is despite his country's record of missing previous climate goals. data shows that canada was the only country to see its harmful emissions rise between 2015 and 2019. p.m. trudeau: it is also about consumption. it is making sure that

get you to first word news with vonnie quinn. vonnie: u.s.secretary janet yellen out on the case for uniform corporate tax rate across world with major economies. in her speech on economic policy that yellen says the u.s. is working with g20 nations to find an appropriate minimum rate and signaled out china saying the u.s. needs a strong presence in global markets to level the playing field. u.k. prime minister boris johnson rebuilt a bold plan to reopen the economy, which includes twice a week covid testing provided for free. under the easing outdoor attractions and restaurants can reopen for the first time in four months. foreign travel could also be permitted from may 17 under new guidelines. however, johnson warned britain's not to let their guard down. thailand order the closure of 200 nighttime entertainment venues including bars in the capital after a new spike in covid infections. that two-week closure came ahead of the thailand near holiday next week and the shuttle may be extended if the outbreak does not ease by april 19 according

i'm vonnie quin.sident biden issued an executive order providing federal contractors to pay workers at least $15 an hour. democrats failed to -- the minimum wage hike for the relief package last month. it will likely face opposition from the business community, which argues forcing companies to pay at least $15 an hour will stifle job growth. on the pandemic, president biden says the u.s. has made stunning progress in the fight against covid-19. speaking at the white house, he said 215 million vaccine doses have been administered so far. he urged anyone who has not been vaccinated to do so. guidance allows inoculated people socializing outdoors without masks. >> if you are vaccinated, you can do more things, more safely, both outdoors as well as indoors. for those who haven't gotten their vaccination, especially if you are younger, or think you don't need it, this is another great reason to go get vaccinated now. >> justin trudeau told bloomberg green summit canada will meet its new target to reduce e

let's now get over to vonnie quinn. vonnie: pboc says its goal of internationalizing the yuan is not an attempt to replace the dollar but give markets another option to facilitate international trade. they also say efforts to create a digital yuan are solely for domestic use. a recent report indicated president biden is increasing scrutiny over china's rollout of the digital monetary tool amid concerns it could displace the dollar. the u.s. and china say they are committed to cooperating on climate change and on implementing the paris agreement. the joint statement comes after envoys from both sides met last night amid growing jail palooka tensions on issues ranging from trade to human rights abuses. u.s. president biden will host a virtual economic conference this weekend chinese president xi jinping will principate. the u.s. has warned russia it will face consequences if jailed opposition leader alexey navalny dies. the outspoken putin critic is in his third week of a hunger strike. allies say he is in critical condit

let's get to vonnie quinn with the first word headlines. vonnie: the u.s.test nation pledging aid to india to help stem the biggest search of covid cases. the administration says it is sending rock vaccine materials and will step up financing support. it will maybe offer unused astrazeneca doses. india reported around one million new cases and that has three days, and the prime minister is imploring residents to get vaccinated. meantime, -- [indiscernible] the indian express newspaper said criticism of the handling of the pandemic as well as videos of attacks by maoist insurgents. in a statement, twitter says it reviews all valid, legal requests. thai officials have ordered dozens of bangkok businesses ordered high risk to shut down. the city is racing to contain its biggest outbreak since the start of the pandemic. cinemas, gyms and convention centers will be closed for two weeks starting monday, while malls and convenience stores cooperate with limited hours. more than half of thailand's almost 3000 cases reported were detected in bangkok. bloomberg sourc

let's join vonnie quinn.onnie: president biden's top economic advisers confirming the capital gains tax hike will only affect those earning $1 million per year. it will affect only a tiny share of american households. by dennis set to unveil his american families plan into future major spending measures funded by higher taxes on the wealthy. south korea's five main business lobby groups have reportedly sent a joint letter urging the president -- imprisoned samsung electronics why. they say that key decisions could be delayed due to lee's absence. as india hits a pandemic, high 352 thousand new daily covid-19 infections. bloomberg is learning that those who can shell out thousands of dollars are taking private jets to london and dubai. it comes from countries that have imposed travel curbs on india or are buoyed to do so. -- egypt has talked about the losses tied to the vessel that blocked the suez canal. they estimate 97 million dollars in damages. there are transit fees and costs associated with salvage effo

. ♪ vonnie: this is daybreak asia, i'm vonnie quinn with the first word headlines.nternationalizing the yuan is not an attempt to replace the dollar but to give markets another option for international trade investments. the central bank says the efforts to create digital yuan are for investment use. amid concerns that it could replace the dollar. u.s. and china say they are committed to operating on climate change and able leading the paris agreement. the joint statements came after both sides messed -- both sides met last week. u.s. president joe biden will host a virtual climate conference with world leaders this week and chinese president will participate, according to dow jones. the u.s. has warned russia that it will face consequences if alexey navalny dies. the outspoken putin critic is in his third week of a hunger strike. he is in critical condition and close to death. he had gotten germany from a near fatal chemical poisoning attack in serbia last year. u.s. and a officials are saying they are moving closer to ending a standoff over the nuclear deal abando

let's get you over to vonnie quinn. vonnie: good morning. moderna says it plans to reduce as many as 3 billion doses of its covid-19 doses next year. it is increasing output at several factories in the u.s. and europe. it says the number of doses it makes next year will depend on the mix of production with its current vaccine and pediatric vaccines and booster shots currently in human trials. the united kingdom might add the u.s. to its proposed growing list of countries as part of its plan to reopen borders to visitors. the hit head of -- the head of heathrow airport says -- the move would permit quarantine free travel between the u.s. and u.k. hong kong and parts of the caribbean are also being considered. germany, france and other european union governments are calling on the rest of the blot -- rest of the block to join them in curbing travel from india. there is concern of coronavirus variants in india triggering a fourth wave of infections in europe. several officials urged the e.u. to quickly adopt restrictions. the indian prime minis

i am vonnie quinn with the first word headlines. the u.s.tary --beijing is masking true activities at state owned banks. that yellen's report is due thursday although it has not yet been finalized and it is unclear when it will be released. yellen and her team are set to be rolling back some policies. the london mayor is urging residents who work or live in parts of the city to get tested for covid-19 after an outbreak links the south african variant. anyone over the age of 11 should get tested as soon as possible. the appeal comes as the u.k. reopens restaurants, gyms, and hair salons after months of stringent lockdown measures. iran is claiming israel for an attack on a power grid. the move comes at a delicate time, with internationals trying to reinstate the nuclear arms record. tehran says centrifuges were damaged. israel is neither confirming or denying any involvement. president biden called for calm in minnesota after an officer shot and killed a 20-year-old black man during a traffic stop, leading to protests and clashes with police.

vonnie quinn in york with first word news.ran is blaming israel for an attack on a power grid with an radium -- uranium enrichment, coming at a time of attempt to reinstate the 2015 nuclear arms a court. israel is neither confirming nor denying any involvement. german chancellor glenn merkel's -- angela merkel's succession took a turn with two candidates. the move sets up a showdown months before elections. russia suspended most air trouble with turkey, citing rising cobit infections from russians returning from the country. -- rising covid-19 infections from russians returning from the country. this comes over a's -- after a spat for on cross support for ukraine. u.k. health officials said they achieve their goals after a first covid-19 vaccine shot for everyone over 50 and those over 40 are eligible in the coming days. hitting goals delivers a boost to the prime ministers plan to open the economy further after four months of strict lockdowns. british salons were allowed to reopen monday. global news 24 hours a day on air and

shery: let's get over to vonnie quinn with first word headlines.onnie: india has marked the world's biggest ever single day jump in coronavirus cases with more than 314,000 new infections reported. that brings the global caseload to almost 16 million. the latest wave pushing sanatorium's to the break. several countries have announced travel restrictions on visitors from india including singapore, australia, and the u.k. the u.s. senate has passed legislation designed to combat hate crimes after a series of attacks against asian americans. the bill will boost resources for addressing hate crimes, and supporters say it also sends a clear message of assurance to asian americans that violence against them will not be tolerated. speaker nancy pelosi says the house will pass the bill, which is passed -- if it is passed by president biden, next month. opposition leaders urging alexei navalny to end his more than three-we-long hunger strike. doctors cited improved medical care and concerns for his life. russian police detained more than 1900 people this we

i'm vonnie quinn. this is bloomberg.l ahead, we asked of china's export growth may be sustained and senior china economist betty wayne joins us. we look ahead to gdp figures later this week. up next, secretary janet yellen will declined to name china as a concern -- currency manipulator. the details on that coming up. this is bloomberg. ♪ shery: breaking news at the moment. we are getting the terms of a deal with sk i.e. tech plaintive to price its sole ipo on april 26. this will be the sk innovation battery separation unit. they are starting to take investor orders for an ipo on tuesday. we had heard that perhaps they were aiming to raise as much as $2 billion selling around 8.6 million new shares between 78,000 won in five hard thousand -- 500,000 won each. they are taking orders for the ipo starting on tuesday. haidi: let's get back to one of our top stories. the u.s. treasury secretary will declined to label china as a currency manipulator. that is according to a bloomberg school. officials are concerned beijing is m

i am vonnie quinn. this is bloomberg.di: jake a look at the -- take a look at the earnings numbers with stock trading lowers. we are seeing a downside and that is the most we are seeing that stock fall in more than two months. forecast for the current year missed analyst expectations and also plans of a $2.6 billion capital spending plan. a bab -- a buyback of 2% of its share. very positively for investors in tokyo listers shares are around 60% that results -- they have been pretty range and today is most definitely a down day, this after a buyback plan was announced. china is raining in the finance -- we get all the details on how the cubbies will be affected. include the likes of tencent. how india's vaccine drive left the country and cast. anger at the prime minister is growing. this is bloomberg. ♪ shery: chinese regulators have cast their nets wider in its ongoing account of big tech, this time posing wide-ranging restrictions on 13 companies including tencent. our correspondent is taking a closer look and joins us f

let's turn to vonnie quinn with the first word headlines. vonnie: the u.k.dded india to its travel ban list amid the emergent of a new variant that could be resistant to vaccines. anyone who doesn't have u.k. residency rights will be refused to enter britain if they have been to india in last 10 days. this came after prime mr. johnson canceled plans to visit india. russia says it sputnik five covid vaccine is 97 point six percent effective according to an analysis of nearly 4 million russians who received both doses. that is higher than the rate highlighted in a trial published earlier this year. russia says it will be a peer-reviewed journal in may. alexey navalny -- even after being moved to a prison hospital. he refused food offered by staff but authorities stated he is in satisfactory conditions. novell knee aides warned that he was days from death. the u.s. had said russia would suffer consequences if he does die. the jury has retired to consider its verdict in a trial against derek chauvin, who is accused of killing george floyd. the defense contends h

i'm vonnie quinn. this is bloomberg. shery: still ahead, the vaccine rollout speeds up dramatically in the u.s. with almost one third of the country having received deferral -- the first shot. coming up next, the global growth forecast for the second time in three months. details ahead. this is bloomberg. ♪ haidi: some good news from the international monetary fund as a boost at the highest in 40 years. let's bring out global economics policy kathleen, this is the second boost in the second boost in the imf global forecast in three months. the u.s. is leading the way. what are the drivers? >> but start with the good news because yet to go back to the 80's when the data series first started. it hasn't been a stronger one since then. what they are looking at is the fiscal support in a few big economies. definitely some of the richer neighbors have been able to do that. they're expecting to have a vaccine driven recovery the second half of the year. look at those numbers, you see if you go back to 2008, how weak growth was.

i'm vonnie quinn.lnc group is taking its streaming best misses -- businesses public in the u.s.. the president director told us why they are not opting for a traditional ipo. >> this back -- thus back -- decisive cash and the balance sheet. the prince of a love this back -- principle of this back as been going on for more than 20 years. [inaudible] why in the u.s. and not in indonesia? [inaudible] >> are you concerned that there has been a lot of talk about a greater regulation on spacs? that could give rise to a greater requirement of disclosure. with that affect you? >> we have signed an agreement with manufacturers. now we are analyzing the perspectives. i think we should be able to meet the requirement by the fcc. we will have a deal by the end of q2. at the latest, july of this year. >> some are saying that you will be valued at 573 million u.s. dollars. can you confirm the amount? what do you intend to do with the funds? >> that's on the equity valuation. [inaudible] what we are going to do with

i'm vonnie quinn. this is bloomberg. are back at joint base andrews as we continue to wait for prime minister suda to deplane in maryland. this as he heads towards his first summit with president biden. he would be the first foreign visitor -- foreign leader to actually meet with biden since he became president. the summit will take place at 1:30 p.m. eastern at the white house and then they will both hold a press conference together at 4:15 p.m. eastern, as well. we have heard, haidi, that there is a lot on the agenda already. a senior official talking about china, south korea, the tokyo limbic's, other issues on the table. haidi: just as a point of interest, we know that everything, including air travel and a diplomatic relations, have to be done differently, given we are still in the middle of a pandemic. the pandemic has forced the prime minister to travel to the u.s. with quite a reduced entourage, as well. cabinet members that would usually accompany him are not with him and the first lady is not with him, as well.

i'm vonnie quinn. viviana: --this is bloomberg. rish?ishaad: tensions in china are set to rise as lawmakers draw up new plans to counter beijing. we've got details on the way. this is bloomberg. ♪ juliette: final day of the trading week here in asia, and we are following on from the momentum we saw on wall street and fed chair jay powell's comments, as well. asian stocks other bit mixed even though we are seeing a tick up in u.s. futures prices. we saw a waiver and the csi 300 is down. hong kong's market down three quarters of 1%. even though japan announced more virus curbs, here is singapore pretty flat, most analysts saying there will be little reaction to the news of the leadership, something singapore is so efficiently and professionally matter -- managed, it doesn't have an effect on the market. norway and telenor merging operations. alibaba also in fort us -- in focus. we're watching a lot of the china markets. corporate's are releasing first quarter leanings. in singapore, rish. rishaad: we've got the u.s. senate introducing a ne