vonnie quinn is a new york. vonnie: a rebound in consumer spending despite harvest searches. new business investments and increased government spending helps gdp expand 1.3% from the prior quarter. private consumption rose .8% on a non-annualized basis where economists expected it would be flat. minneapolis fed president says that labor market strength over the coming months would set the stage for a tapering of central-bank bond buying. he was speaking on bloomberg. fed chair jay powell said bonds will continue at the current rate until he sees substantial further progress on inflation and jobs. >> if we see a few more jobs reports like the ones we just got i would say comfortable saying we have not completely fill the hole that we have been in but we have made progress, and then will be the time to start tapering out asset purchases. vonnie: the death goal -- toll continues to sort after an earthquake struck in haiti over that we can. nearly 1300 were killed. a state of emergency has been declared. the u.s. deployed search-and-rescue teams to help find survivors among the d

i am vonnie quinn. this is bloomberg. kathleen: vonnie, thanks.an virus cases prompt the eu to impose travel curbs on the u.s., and let's get more from our bloomberg senior medical reporter, michelle cortez. so, michelle, the pfizer shot recommended by the cdc panel, the idea that it is really good if people want to take it, what do people in the industry say about this? it seems like a great hope, but isn't really going to make a difference? michelle: i think the people who really want to get the vaccine, certainly in the u.s. and in a lot of places around the world, have already gotten the vaccine. what the cdc decision will do, and of course, we are still waiting for a sign off on that, is to normalize the vaccine, so it is going to be more like what we have seen with childhood immunizations, where everyone just gets them. it is the certain thing that every time you go to your doctor's office, it is recommended, and companies, schools, other places require you to get it, and that is the rub. that is the point. the backing by the cdc and, of cou

i'm vonnie quinn.omberg. ♪ haidi: earnings as well as a big deal between bhb and woodside, take a look at csl. this is the plasma-based biotech company, pharmaceutical maker also the manager -- the manufacturer of the astrazeneca vaccine. we are seeing upside of 1% at the moment. when it comes to vhb, obsession lows but still down by 6%. this, as investors really have concerns about the viability and attractiveness of the merger deal with this petroleum company to offload oil and gas assets. woodside up two point 7%. woodside investors had been questioning the attractiveness of this tie up. aussie minerals, 2.9 percent lower in the early session. we will get the view from the woodside ceo, joining us later on bloomberg markets. shery: we will preview tencent earnings with shawn yang. but up next, chinese stocks in the u.s. hit i another wave of selling pressure as china ramps up there crackdown again. we will get you the latest. this is bloomberg. ♪ david: authority -- shery: authority is beijing conti

vonnie: thank you and good morning.ooster shots are strongly in favor for those of people with weakened immune systems. the plan could be implemented soon. debates leading up to a full senate vote on an infrastructure blueprint hit a roadblock. lawmakers are unable to agree on key amendments consider. especially on new cryptocurrency rules and flexibility or local governments. lawmakers have confidence that the full vote is just days away. singapore will recalibrate its foreign worker rules. the prime minister says the government is aware of heightened concern over foreign workers during the pandemic. >> we have to adjust our policies. we will continue to welcome foreign workers and immigrants. as we must. vonnie: the tokyo olympics artificially over. the most expensive olympic games ever held. the ioc president said the french flag was raised inside the tokyo stadium. the olympics are in paris in 2024. the olympic flame was extinguished. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more

vonnie: good morning. japanese prime minister yoshihide suga has expanded a state of emergency to cover more than 70% of the population. the delta variant surge lead to a record number of cases, and is straining the medical system. the curbs include the tokyo and osaka metro regions, and will now run until september 12. the move comes as japan host of the paralympics and as suga's support drops to record lows. the european union may reimpose travel curbs on travelers from america as u.s. cases soar. the change was recommended by slovenia, which is charged with assessing which countries are allowed to visit the eu for non-essential travel. a move to bar visitors to the world's largest economy would deliver a blow to the recovery effort. president biden has urged business executives to help improve cybersecurity across critical infrastructure and the economy. meeting with ceo's from companies including apple, alphabet, and jp morgan, the president said the cybersecurity workforce was not growing quickly enou

let's head over to new york where vonnie quinn has the first word news. vonnie: thank you. u.s. vice president harris will look to bolster economic and military cooperation. it is the biden administration's highest profile trip yet to a region becoming more economically independent from beijing. the trip to vietnam will mark the first time a sitting u.s. vice president has visited since the war ended in 1975. secretary of state antony blinken and g7 foreign ministers agreed during a virtual meeting that the taliban's actions will determine their relationship with the international community. earlier, president biden said the islamist group was facing an existential crisis. biden also said chaos was unavoidable as u.s. troops withdrew. the who's africa director says booster rollouts in wealthy nations make a mockery of vaccine equity. the organization says high income countries have on average administered more than 103 vaccine doses per 100 people in comparison to just six in africa. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalis

let's get the first word news with vonnie quinn. vonnie: the u.s.ice president has said beijing is using coercion over its territorial claims in the south china sea. speaking in singapore, kamala harris directly targeted china, saying its claims of the are unlawful. she said there should be no doubt on u.s. interest in asia. v.p. harris: our engagement in asia and the indo-pacific is not against anyone country, nor is it designed to make anyone choose between countries. instead, our engagement is about advancing an optimistic vision that we have for our participation and partnership in this region. vonnie: in singapore, the number of locally transmitted covid-19 cases jumped, after 59 any infections were linked to a dormitory for foreign workers in the north of the island. daily case numbers of 94 are the highest for more than two weeks. this comes as singapore looks to shift away from a so-called zero tolerance avenue. the u.s. is reportedly pressuring israel not to allow a group to win a tender to build two light rail lines in the tel aviv area. a

. ♪ vonnie: this is "daybreak asia." i am vonnie quinn. the u.s.enate is heading for a stand up over the federal government's debt limit that could throw financial markets into chaos without a bipartisan compromise. republicans signaled they are unlikely to support an increase. democrats currently have two options. convince 10 republicans to vote by september or go it alone. organizers of the 2022 winter olympics say the beijing games could take place without dictators. the ioc's executive director tells bloomberg it all depends on how the pandemic evolves, especially in the host countries. it is battling a widespread outbreak. china's borders are mostly closed to international tourists. games are set to begin in february. moderna says a final analysis of its late age study shows that its covid-19 vaccine remains 93% effective six months after second shot. the company did reiterate it believes a booster dose is likely necessary in the coming months, especially in the face of a surge in the delta variant. the who has called for a moratorium on boost

let's turn the vonnie quinn. vonnie: joe is urging opec and its allies to release more oil. importance of affordable energy as the world pushes towards a green energy and climate control. it comes two days after calls to shift away from carbon emissions as soon as possible. president biden said keeping prices at the pump low is important now. china's central bank is facing calls to cut interest rates as a fresh virus outbreak threatens to derail recovery. there is a case for low rates, arguing beijing's success in curbing debt growth means they can ease without financial risks. this contrasts with a bank, whose economists see the pboc keeping interest rates steady for now. prime minister justin trudeau has said the jailing of a canadian citizen unacceptable and unjust. he was sentenced to 11 years in prison. the u.s. secretary of state antony blinken called for the release of all people arbitrarily detained in china. it came as the ceo of huawei fights extradition from canada. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists

i'm vonnie quinn. bloomberg. ♪ yvonne: the biden administration will start offering booster shots september 20 to all vaccinated u.s. adults as the coronavirus and delta variant continued to spread. it has led to controversy in the u.s. because i a lot of questions on whether all adults need a booster shot. a lot of people in the medical field see there is not enough evidence to suggest everyone needs one. potentially, you just need it for people of the vulnerable side like the elderly, front-line workers, whatnot. is the u.s. jumping the gun is the key question. david: immunocompromised is the fda term. four syllables. first of all, there is not enough data and it brings to mind when you think of asia subsist -- asia-pacific that there is not enough to supply. people talk about three vaccines in some places don't even have one. most places that are taking a backseat to where you are with wealthier countries, it is not really a question of efficacy anymore, or the efficiency of the rollout or logistics

let's get to first word news with vonnie quinn. . vonnie: the u.s.ially ended its military presence in afghanistan, concluding two decades of involvement started by the september 11 terror attacks. 173,000 people have been evacuated since august 14, following the taliban's rapid advance. in kabul. the u.s. military says that isis-k was working until the final hours to launch further attacks. >> >> we did not get everybody out that we wanted to get out but i think if we set another 10 days we would not have been able to get anybody out that we wanted to get out. it's a tough situation. vonnie: chinese regulators are escalating their crackdown on videogames. children will now be limited to just three hours a week of online gaming including fridays, weekends and public holidays. the new worlds are aimed at curbing excessive involvements of games and protecting minors from physical and mental health. beijing says it will continue efforts to rein in big tech. bloomberg has learned alibaba has sacked ten staff are publicizing the account of employee who ma

i'm vonnie quinn. this is bloomberg. haidi: still ahead, katherine zimmerman joins us to look at what is ahead with the taliban set to take full control. next, the advisors capital management ceo says stocks should continue to work their way higher. this is bloomberg. ♪ shery: we are getting breaking news crossing the bloomberg. let's start with the sydney airport. a proposal coming through saying it is not in the best interest of security holders. the consortium has raised the bid before. we heard reporting that they would raise that bid to $22 billion. they are bidding for sydney airport after a lower bid has been rejected. that was reported over the weekend. the offer now bumped up to eight dollars 45, but sydney airport says that's not good enough. the threshold the airport has suggested is nine dollars aussie per share. let's take a look at bluescope. we were awaiting some of these numbers coming through. shares trading up close to 50% year to date. we see full-year net income at one point $19 billion. that's pretty

i vonnie quinn. this is bloomberg. -- i am vonnie quinn. this is bloomberg. haidi.: china's #metoo movement has made headway. over the past week, china's internet blew up over an alleged sexual assault scandal at alibaba. it is a rare case that lays bare the country's struggle with #metoo movement. joining us now is the managing partner at a venture company, a women led firm. really wonderful to have you with us. were you surprised out of these revelations that came from alibaba and is this the tip of the iceberg when it comes to culture in tech? >> finley the tip of the iceberg. this incident was really a tragedy. imagine a professional woman having to -- passing out flyers that said "my boss raped me" to a bunch of colleagues, the largest company in china. this is horrifying. the icebreaking culture and toxicity of workplace culture in china is not unexpected. i am really saddened by it but glad to see that women are really speaking at this time. haidi: what kind of institutional change needs to happen? pocket: i hope this becomes a real turning point for chinese

vonnie: the u.s. envoy to afghanistan says the local government is too weak to negotiate a settlement without a new military strategy. the official called military advances by the taliban concerning as the u.s. prepares to complete its troop drawdown this month. the spread of the more infectious delta covid-19 variant has -- needs a threshold of 80% to reach heard variant. the cdc says 50% of americans have been fully vaccinated. global news 24 hours a day and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. haidi: still ahead, more analysis on those alibaba earnings and the tech crackdown. also coming up next, the market outlook. our guest tells us why she is still bullish when it comes to big tech. this is bloomberg. ♪ haidi: stocks advanced in the u.s. as mostly positive earnings offset results of china's crackdown on games. most tech names still have good growth prospects despite the regulatory backdrop. let's bring in late le pen's -- layla --

i'm vonnie quinn. this is bloomberg.ishaad: coming up, a chat about casino and liquor stores in hong kong. authorities in beijing set their sights on vice. this is bloomberg. ♪ david: welcome back to the show. we are looking at two sectors. vice is the underlying theme, casinos and gaming and liquor stocks on the back of regulatory rifts. a big move yesterday in a lot of big liquor, a consumer staple, 20% quarter to date if we measure from the end of june. roughly from the bow -- about the same time, the losing streak across the casino space. down 10 straight weeks on bloomberg zone peer group, the casino shares. jp morgan this week were talking about when macau -- win macau, saying they are undervalued. rishaad: we have these macau restrictions that will delay reopening taking place. the casino sector according to many, highly undervalued. let's bring in a senior equity analyst at morningstar. july saw a revenues come in and we saw a recovery, but only about 35% of what we had in 2019. this is more than a decimation. >>

i'm vonnie quinn. this is bloomberg. david: a little more in reaction to this rbnz surprise hold out of the central banks. we are thinking three hikes, but it's now closer to one rate hike for the rest of the year instead of two, not even talking about two in terms of the rate market. look at this chart. we are right at about 50 basis points on the rbnz. they will still deliver, not today, but the risk market says it's probably going to be one, maybe two. yvonne: and there's a statement from the rbnz talking about renewed restrictions, highlighting the ability of the virus, that they remain alert of the display supply disruptions covid can create and they are talking about the unemployment rate as well, at or above maximum sustainable levels. and prices are both sustainable levels. they are very much part of the economy that they have to talk about in terms of overheating. and as our james mcintyre said, they have other tools in their toolbox to handle these issues right now, but for now hold is bably the bestition. the

i am vonnie quinn.omberg. >> still to come on bloomberg markets: asia, india -- >> just ahead, another day, another sector in the crosshairs for chinese regulators. find out why chip stocks are slumping, next, this is bloomberg. ♪ >> welcome back. the latest industry to feel the heat from authorities in beijing is the chip sector. let's get the details from stephen engle. we kept thinking where will the knife all and here we are, semiconductors. >> in the hardware space. we probably should have seen this coming. last week, we got a statement from government regulators saying they were probing allegations of pricing the manipulation. we saw some weakness late last week. the regulator back then said -- it did not name specific companies but it did say it would vowed to strengthen punishment of those who poured chips, manipulate prices or raise prices through collusion. now what we are getting today is state media and a commentary on the state broadcasters saying the regulators will show no tolerance for s

to new york now with the first word news with vonnie quinn. vonnie: thank you.a knocked out power to the entire city of new orleans hours after blasting ashore as one of the most powerful storms ever to hit the u.s. the office of homeland security and emergency preparedness said on twitter that an energy company that supplies new orleans has no power as of sunday night. the national weather service says ida, which slammed into louisiana as a powerful category 4 hurricane, has now weakened into a storm. a u.s. drone blew up a vehicle carrying presumed suicide bombers heading for kabul airport, according to u.s. central command. the associated press reported enough can official saying three children were killed in the strike. it came shortly after u.s. national security adviser jake sullivan says there is still, quote, "serious danger in kabul ," after a suicide bomber last week killed 80 people including 13 u.s. service members. president biden presided over a transfer of remains. the china's minister of health commissioner rejected a report blaming the u.s. for

shery: let's now get to vonnie quinn with the first word headlines. vonnie: thank you.outh korea's president has left the door open for talks with japan for a final liberation day speech marking his neighbor's world war ii surrender. moon jae-in says he is ready to work with japan on global threats, including the pandemic and climate change. in tokyo, the prime minister's cabinet visited a shrine that honors convicted were criminals, something that is seen as crossing a redline. . in malaysian cabinet minister says the prime minister has told his party he plans to resign. he has resisted repeated calls to step down since march of 2020, and his office has not replied to calls seeking comments on the minister's claims. . a resignation could fuel further political and economic challenges in a country that is hard-hit by the pandemic. the canadian prime minister justin trudeau has called snap election after polls indicate his liberal party has enough support to retake the majority. he met with the represented's in canada to request parliament dissolved. the vote is schedule

vonnie: thank you and good morning. samsung's vice chairman will be released from prison friday after a justice ministry committee said he should get parole. they considered his behavior while incarcerated and public sentiment. the 53-year-old was jailed for a second time in january after he was convicted of using bribery to win support. the senate is poised to vote on the passage of a massive $550 billion ever structure bill, despite a change to a rule in the blueprint. that means the original language will remain, something that has been opposed by investors. the biden administration backed the compromise. bloomberg news is learned the european union will not reimpose research and's on non-essential travel from the united states. this, despite new covid cases exceeding the bloc's threshold. new infections have risen to about 270 per 100,000 in america. you limit is 75. eu guidance says ultimately the decision rests with each member state. prominent lawyer roberta kaplan has resigned from the times of charity after she

let's get to vonnie quinn.e: recovery efforts in haiti are gaining momentum after a devastating 7.2 magnitude earthquake struck at the weekend. facing criticism over a slow government response, the prime minister said his administration will act with greater speed. the announcement comes as tropical depression grace takes aim at the nation kid so far, nearly 1300 deaths have been reported along with nearly 6000 injured. hong kong has heightened travel curbs for residents returning from 16 countries including the united states, france and spain. about-face comes less than two months after started easing some of the strictest quarantine measures. effective august 20, those returning from countries deemed as high risk must quarantine in hotel for 21 days. tourists and residents from the unvaccinated list are no longer allowed entry. the japanese government is extending its state of emergency through september 12 as the virus continues to spread. . the decoration for tokyo, osaka, okeene oma and fair the regions wi

let's get the first word news from vonnie quinn. vonnie: a u.s.le of a vehicle carrying suicide bombers headed towards kabul airport according to u.s. central command. ap reported afghan officials saying that three children were killed in the strike. it came shortly after u.s. national security advisor said there is still serious danger in kabul where suicide bombers killed at least 88 people including 13 u.s. service members. president biden attended the event at the air force base. hurricane ida will make landfall as a catastrophic category for hurricane. top winds of 240 kilometers per hour. the storm surge threatens to inundate new orleans with mass flooding. testing the rebuild levy system. there are more than 450,000 homes and businesses without power across louisiana. the monster storm hits on the 16th anniversary of hurricane katrina which claimed 1800 lives. u.s. motorists can see higher costs at the pump due to hurricane ida. several refineries shut about 12% of the fuel making capacity ahead of the storm. guess prices could climb if the

i am vonnie quinn. this is bloomberg. >> still ahead, more insight on inflation risks, the biden spending plan, with our guest later this hour. next, our interview with the new ceo of the hong kong exchange on the impact of china's widening crackdown on the ipo pipeline. this is bloomberg. ♪ >> the new chief executive officer of the hkex downplayed the regulatory crackdown that has dented ipos and cause stocks to tumble. nicolas aguzin says there is a record pipeline of deals in the wings. nicolas: we are seeing similar type of modifications to how big tech works all around the world. all platform businesses are being scrutinized how they use their data, how they manage information about their clients, do they have too much power, how will we manage how they deal with the public? so i don't see that as too different from other places. it may be in some sectors like education and a specific way we don't see too much in other places, but if you look at big companies, it is very similar. >> how is it impac

i'm vonnie quinn. this is bloomberg. shery: let's discuss the winners and losers in the infrastructure bill with the head of research and strategy. great to have you with us. it seems clear some of the winners will be those airlines, internet suppliers. had you gave -- how to get exposure to those sectors? >> we think one of the misconceptions about the infrastructure bill is it is the builders of next generation infrastructure. it is commodity companies. it is heavy machinery. we have been accessing these names since 2016 when we launched the fund. we have been waiting for this moment for quite a while. this is a great step in the right direction for investing in u.s. infrastructure. shery: we did see some of those inflows consistent since the election of president biden. i wonder if all that has been laid out or if there is still room for gains. >> what investors need to understand is because the bill passes today does not mean the dollars are going to be spent any time soon. infrastructure takes a long time. you have

in the meantime, let's get over to vonnie quinn with the first word headlines. vonnie: the u.s. is blaming iran for an attack on an israeli oil tanker. secretary of state antony blinken says there is no justification for the assault, and warned of an appropriate response to come. his condemnation came after israel's prime minister and the u.k. blamed iran. iran denied responsibility. meanwhile, anthony fauci, the u.s.'s top infectious disease doctor, says covid-19 vaccines work extremely well, and a return to the lockdowns of 2020 is unlikely despite outbreaks among fully vaccinated people. he said the likelihood of contracting a severe case is very low. beijing will step up efforts to hold -- halt the spread of covid-19. a post on the city's wechat account announced to the move. they had two local cases on sunday. in eastern china, they suspended all flights in and out of the airport after a rise in delta infections. wildfires in turkey are forcing evacuations as firefighters worked to contain more than 100. cities including istanbul barred visitors from visiting the forests an

vonnie: this is daybreak asia.'s economic activity continues to ease in july as a recovery in the second half of the year and growth risks mount. it was below the median estimate. nonmanufacturing gauge eased to 2.3, in line with forecast. consumer spending recovered. china securities regulator said it wants to increase communication and oversight with the sec after the u.s. watchdog hailed the -- halted the ipo of chinese companies, citing rear -- citing risk disclosures. the u.s. senate has finished the task -- that text of a bipartisan infrastructure built which is now ready to move to a final vote likely this week. lawmakers met to iron out the language. the legislation marks the against federal spending on infrastructure in decades stop passage will set the stage for both parties to debate president biden's larger $3.5 trillion plan. deadly wildfires along turkey's southern to -- southern mediterranean coast are forcing evacuations as firefighters worked to contain them. the fire has claimed at least eight liv

let's get to vonnie quinn.nt biden has addressed americans from the white house as chaotic scenes player in kabul where the taliban have returned to power. the associated press says at least seven people were killed as crowds rushed trying to board departing aircraft. the president says he is standing by the decision to withdraw u.s. forces saying the 20 year war in afghanistan was never about nationbuilding. >> i stand squarely behind my decision. after 20 years, i have learned the hard way. that there was never a good time to withdraw u.s. forces. vonnie: pfizer and beyond tech have submitted early-stage data to u.s. regulators on booster shot trials. they say a word does of their covid-19 vaccine leads to higher levels of protective antibodies when given a to nine months after the initial doses. results from larger -- from the water trial are due soon. new york city is expanding its vaccine mandate to include sports stadiums, zoos, movie theaters and other venues. children under the age of 12 are exempt but

vonnie quinn. vonnie: united arab emirates says it is hosting the exiled afghan president after he fled afghanistan. he said he wants to prevent bloodshed, adding he is in talks to return to afghanistan and that he did not flee with any money. the taliban has set up checkpoints at kabul's airports, preventing citizens from playing. the taliban led afghanistan cannot access special drawing rights ahead of an allocation set for next week. the country has $450 million worth of strs. house members say 18 republican lawmakers had urged janet yellen to intervene to prevent access to the funds. bloomberg's learning details about the types of questions the sec is asking chinese companies applying to go public in the u.s.. we are told they focus on their offshore corporate structures. theories include the nature and direction of cash flows which allow for circumventing beijing restrictions on foreign ownership. the sec has added four disclosures on foreign and regular tour risks in china. global news, 24 ho

first word news with vonnie quinn in new york. vonnie: bloomberg has learned u.s. treasury secretary janet yellen is considering --china. no final decision has been made but if she does go, she will be the highest ranking writing official to do so. two previous face-to-face meetings between the two administrations were contentious. chinese diplomats warned the u.s. should stop criticizing china and drop sanctions. prime minister justin trudeau has called china's jailing of convicted canadian spies unacceptable and unjust. u.s. secretary of state antony blinken has called for the immediate reese -- release of all people detained in china. the verdict came as the cfo sites u.s. -- fights u.s. extradition from canada. moderna plans to enroll in a trial of covid vaccine in children under 12 following u.s. regulators collecting additional data. the drugmaker study will register in estimated 13,275 participants, a six month to 12 year trial according to the government website. it goes from late july. it would seek to enroll 7000. the taliban has seized three more provinc

let's get to the first word news with vonnie quinn. vonnie: thank you. zealand central bank is further restricting access to mortgages as house prices continue to soar. the rpms says it plans to reduce the value of lending banks can make starting october 1. it will consider using income limits or interest rate floors. new zealand is one of the world's highest property markets. surging 30% in the year through june. the u.s. has raised its covid-19 advisory for south korea by a notch to level two, citing a moderate level of risk. president moon jae-in saying vaccination campaign is on track. and that the number of people partially or fully vaccinated so top 20 million. in turkey, wild fires are raging for a six the day near several popular holiday destinations, destroying forests along the southern coast. at least eight people have been killed while some vacationers were rescued by boat. calls for the help turkey campaign are trending overseas, but have drawn the ire of increasingly unpopular president erdogan. u.s. gymnast simone biles will return to the

we speak with vonnie: this is "daybreak asia." i am vonnie quinn. taliban say there will be consequences if the u.s. delays it true withdrawal from afghanistan past and august 31 deadline. boris johnson is said to be pushing president biden to delay the pullout to allow more and saved her evacuations of foreigners at the pentagon says u.s. military officials are in contact with the taliban several times a day to coordinate evacuation efforts at kabul airport. the u.s. has reportedly pressured israel not to allow a group that includes china's crc see to win a tender to build two light rail lines in the tel aviv area. the topic is likely to come up on thursday when the israeli prime minister talks with president biden. five groups are said to have submitted bids for the project. three of them, chinese businesses. china's weibo shutdown 145 accounts on its platform, some of which have been sympathetic to pop star kris wu, who is accused of rape. they shut down the accounts because they published information that was harmful. el salvador is installing b

haidi: let's turn to vonnie quinn with the first word headlines. vonnie: the top u.s. infectious disease expert says state and local governments should require teachers to get vaccinations. dr. anthony fauci told them that he knows his decision will anger some people. hospitals run out of beds for covid patients, while hunting for doctors and nurses. data show covid-19 accounted for 4% of all deaths in the united kingdom and the final week of july. that is the highest rate in three months. the number has come after lockdown restrictions in england were scrapped in july. serious illness and hospitalizations remain low due to a high uptake in vaccinations. 70% of u.k. adults now fully inoculated. the hong kong government has extended measures allowing them to contain the pandemic. group gatherings, compulsory quarantines, compulsory testing, and max -- and mask wearing. the extension is to maintain the legal framework. lawyers for the hallway ceo have made a last-ditch effort to reject an extradition request, arguing that allowing her to face charges in the united states

i am vonnie quinn. this is bloomberg. shery: concerns growing about a pullback in u.s. stimulus. rafael bostic says the central bank should consider beginning tapering after another month or two of job scans. bill dudley says he sees less chance of a taper tantrum this time. >> i think the risk of a tantrum this time is less because people understand the game plan. first we taper and then we raise short-term rates and then we start to let the balance street -- balance sheet strength. >> he is buying into our exposure to equities. let's bring in the ceo. great to have you back. with the correction come in the form of another taper tantrum given what the fed will do and how big could it be? >> we never know what will cause the next correction in the market. we know it has been a while since we saw any pullback of 5% or more. especially given the huge run-up we have seen year-to-date in the markets without any pullback so far this year. i would expect that to happen before the end of the year. investors sh

that's get you the first word news with vonnie quinn.nie: the spread of covid-19 in japan's capital is impossible to control. this from a government official who told tokyo's governor that infections are "raging at disaster level." officials are considering whether to extend a that to expire at the end of the month. there were experts they the government sent mixed messages about the seriousness of the pandemic including allowing the olympics to go on. hong kong's population shrank substantially over the past year after the implementation of a financial security law. more than 89,000 residents left in the 12 months through june according to government data. a 1.2 percent drop. that brings hong kong's current population to 7.4 million people. canada's prime minister, justin trudeau, is expected to call a snap election this sunday, looking to capitalize, showing his liberal party with a large enough lead to retake a majority in the legislature. the vote will reportedly be held on september 20. public opinion polls show the liberals with 36

haidi: let's get you to vonnie quinn with the first word headlines. vonnie: thank you.iden says the u.s. military is on pace to complete the evacuation of thousands of people in afghanistan by august 31. despite what he describes as a tenuous situation there. by earlier rebuffed the g7 call to extend the deadline for troops to remain in the taliban-controlled nation. he also warned there is a serious risk of a situation breakdown of the country. and that the world will judge the taliban by their actions. a new report from the cdc says efficacy of covid-19 vaccines among front-line workers dropped to 66% from 91% after the delta variant became dominant. but researchers say the sustained two thirds reduction in infection risks underlined the continued benefits of vaccination. the findings echo earlier evidence from israel and the u.k., suggesting covid jobs loose some potency over time. singapore's government says migrant workers who recently tested positive for the coronavirus and singapore were all fully vaccinated. all 62 individuals were asymptomatic or had mild sympt

let's turn to vonnie quinn with the first word headlines. vonnie: thank you. the u.s.rtedly pressuring israel not to allow a group that includes china's crc see to win a tender to build two might rail lines in the tel aviv area. it is likely to come up on thursday when mr. ali bennett talks with president -- when he speaks with president biden. china's weibo shut down 145 accounts on its platform, some of which have been sympathetic to popstar chris wu, who was accused of rape. they published information that was harmful for maintaining social order, they said. the chinese canadian was arrested in july over several sexual assault allegations. ships have resumed birthing operations south of shanghai after a two-week shutdown to quarantine dockworkers. while an official says the terminal is still closed, bloomberg data show at least five container ships have left in the last few days. french -- a french shepherd told customers for operation should return in the coming weeks. el salvador is installing bitcoin atm's, allowing citizens to convert the cryptocurrency into u.s

i'm vonnie quinn. this is bloomberg. haidi: we are getting out by now pay later, reporting income of $166.3 million with final dividends per share not being issued. we are seeing the four-year pre-item at 38.7 million, clearly taking a beat hit there. despite cell estimates being higher than initially guided. they saw growth profit rising almost 100%. the company very much and focus after it inked a deal with square 429 billion dollars. we will be hearing more from the ceo who will be joining us. we will be having that conversation on bloomberg markets. still ahead, the dollar slips as commodities extend their rallies. why jp morgan is staying long the greenback going into jackson hole. we -- the next several months could prove to be challenging for investors. this is bloomberg. ♪ shery: u.s. futures muted at the moment after the s&p 500 finished at another record high. this chart on the bloomberg showing the long-term trend on the benchmark after bouncing back from the pandemic last year. our next guest says this fall a

i am vonnie quinn. this is bloomberg. david.id: in case you missed it, wall street thinks the 10 year yield is going to be not as high as they previously thought. you see that through the fourth quarter and that is where you are really getting the sort of bulk of revisions there. this is how they change things up. third fourth quarter all the way to next year. this is the distribution curve. jeffries is all the way at 2%. hsbc about 1%. where does this go third quarter all the way to fourth quarter of next year? we have the forecast from the survey bloomberg did august 6 through 12 and here is how it looks. median is 1.6. median for next year is now down to 2%. some people were thinking 2% this year, that is not getting pushback. in fact, it is quite serious. look at the long-term chart. the rally and treasuries, 1.6% actually gets all the way there so it looks like the trend is consistent for next year. >> so it is hard to break into 2%. you had to push back. >> all right, coming up. we are talking about what this all means for

we have vonnie in new york. vonnie: samsung electronics' vice-chairman has been released from a seal -- seoul prison. he apologized to the public for causing worries. the 53-year-old had been serving a 2.5-year sentence for bribery. he still faces prosecution in two separate cases. the pentagon says it is sending about 3000 extra u.s. troops to afghanistan to help evacuate the -- diplomats. the u.s. has more than 3000 people at its embassy, many of them american citizens. the partial evacuation order has underscored how badly the u.s. has been caught offguard by a rabid taliban advance. hong kong's population shrank substantially over the past year. people left the city after a national security law that curtailed protest and dissent. hong kong's current population is about 17.4 million people. global news 24 hours a day on air and on bloomberg quicktake, powered by 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. david: coming up on the show, we will talk about pote

haidi: first word news with vonnie quinn.nie: hong kong is seeking a new life in the u.k., forced to leave behind their entire savings. scores have been denied access to money. china withdrew recognition. the u.k. expects more than 300 thousand residents will use the passport to leave hong kong, putting billions of dollars at risk. china's appetite for u.s. farm products is a rare bright spot for commodities markets battered by a resurgence of cobit infections and stronger dollar. soybean sales with the highest since january for the week ending august 12 with china purchasing more than 1.1 million tons while total sales were 2.2 million tons. beijing also boosted its u.s. wheat and cotton purchases. the biden administration says it is appropriate for extended unemployment benefits to expire as scheduled on september 6. however, the treasury and labor secretaries say it could be extended in those states hard-hit by the delta variant. many republicans have argued that they discouraged americans from returning to work. global ne

i am vonnie quinn. this is bloomberg.japan may consider mixing astrazeneca with other vaccines. this as investigators are investigating the deaths of two people who had gotten shots. let's start with the maternal story. there are a couple of different things going on. what do we know? >> we know japan has suspended batches of the moderna vaccine, not produced medically or in the u.s. -- produced the mastech lee or in the u.s. -- produced domestically or in the u.s. there is no immediate clear safety issues identified yet but out of an abundance of caution. authorities will be vigilant. they are looking for adverse reactions. they are looking into the deaths of two men in their 30's with no known pre-existing conditions that died within days of receiving shots of the moderna vaccine. not in the batch in which foreign bodies were identified, but made in the same system around the same time. authorities caution they have not identified the reason -- the cause yet. kathleen: i want to ask you about japan mixing astrazeneca wi

i am vonnie quinn. this is bloomberg.ill ahead, we discussed challenges facing the auto industry. first, alibaba will be reporting earnings amid beijing's crackdown. how will the e-commerce empire whether -- weather the tension? blerg. ♪ shery: we want to focus on the broader context of china among emerging market stocks. what we have seen in recent years has been the growth of weighting of chinese equities in the msci emerging market index. we had it rebounding more than 1% in the new york session, this after the huge crackdown in china in different sectors of the economy led to pressure in the emerging market index. chinese stocks as a ratio of the broader emerging market index has risen for the last 10 years. when it came to 2020, we have seen it exceed the 35% record we saw in the tech weighting when we had the market stock doubles in the 1990's. we saw the decline, the fear given the huge selloff we've seen on chinese stocks. they are important for the water em complex. we have seen more and more investors despite th

i'm vonnie quinn. this is bloomberg. david: on bloomberg markets: asia, human rights watch china researcher joins us to talk about alibaba's sexual assault scandal. also, the countries need to move. yvonne: evergrande may be selling stakes in its assets. more on that. this is bloomberg. ♪ yvonne: breaking news happening in china, a court upholding the death ruling on the canadian's case. back in 2019, the canadian appeal the verdict which we got, he got 15 years but his sentencing was increased to life on appeal after the huawei cfo's arrest. there are political tensions between china and canada, but china today, upholding the death ruling for schellenberg. still waiting for the verdict for the two canadians. we should be expecting those verdicts happening in the next couple days or so. we are checking evergrande right now. the stock, as well as their assets and subsidiaries, are rallying on the back of news and reports they might be selling stakes in assets. whether this helps solve their liquidity issues is going to be

let's get to the first word news with vonnie quinn. vonnie: thank you.the united kingdom, anyone 16 and older will be able to be vaccinated against covid-19. the government made the change after a recommendation from the health advisory committee. the panel says 16 and 17-year-olds should get the pfizer shot. officials are not recommending vaccinating anyone under 16 unless they have underlying health conditions. indonesia has recorded more than 100,000 coronavirus deaths, becoming the second asian nation to breach the threshold. it is adding fewer numbers of cases daily than the united states, its lower vaccination coverage and less equipped health care system has led to a higher death rate. only a percent of indonesians are fully inoculated according to bloomberg's vaccine tracker. almost one week after flopping in his debut, robinhood made a comeback today with an 82% stock surge. about 50% higher. speculation is swirling about what is fueling those moves. wednesday, march 1 day of options trading on the stock and kathy wood is continuing to add robin

i'm vonnie quinn.his is bloomberg. ♪ >> markets have priced in part of the fed's tapering with the base case in the fourth quarter sometime. the timing on the u.s. jobs market and the state of the economy. this is what the leading critic of the taper had to say about the risk. >> my worry is, if they don't fully account for these new forces, they may be behind curve. that may necessitate stronger tightening down the line. >> he is worried about the fed letting inflation getting out of control by not moving fast enough. our next guest is concerned about this as well, let's bring in the president and founder of kumar global strategies. are you concerned, too? >> i have been very concerned about defense policy, kathleen. the friday speech chairman powell gave at jackson hole made me even more frightened, in terms of what was ahead. essentially, given the fact that prices are rising at the record rate as you discussed a bit earlier, and you have rents increasing, inflation month-to-month on the cpi hitting

i am vonnie quinn. this is bloomberg. shery. shery: the minutes of the federal reserve's july 20 eighth meeting indicated fomc members are getting ready to start tapering bond purchases. the question is when. kathleen hays is here with more on this. there seems to be conflicting opinions on the timeline. kathleen: yes, but if you know how to read the fomc minutes language, you will understand that this is to pay more towards the people who want to go sooner rather than later. it is not a done deal. it is interesting that they say most fomc officials agree to start the taper in 2021. core cpi is at 4.3%. the headline is that 5% plus. target is 2%. they need to make more progress on maximum employment but they are getting closer. let's look at a key phrase i want everyone to look at. various participants commented that economic and financial conditions would warrant a reduction in coming months and several others indicated a reduction in the pace of asset purchases was more likely to become appropriate early next year. now, they d

vonnie quinn with the first word headlines. china is authorizing more shuttered coal mines to restart production as policymakers seek to rebalance climate goals with surging demand. operations will resume for a year at 15 coal mines across northern provinces. delivering up to about 44 million tons of coal. beijing is attempting to tame record high prices. bill gates has called his relationship with jeffrey epstein a huge mistake, saying he regretted having dinner with the sex offender. he told cnn he had seen met to discuss a philanthropy project. the pair met in 2011. epstein died in jail in 2019 while awaiting trial on sex trafficking charges. in greece, a resurgent wildfire is burning homes north of athens, threatening ancient monuments. fueled by the worst heatwave in decades. officials say firefighters are working around-the-clock to save the former summer palace outside the capital as well as a site that was the birthplace of the olympics. greek and european officials blame it on climate change. a soccer superstar will le

vonnie: china's appetite for u.s. foreign products are -- farm products are battered by a resurgence of covid infections. soybean sales were the highest vince january for the week ending august 12. china purchasing more than 1.1 million tons. total sales were 2.2 million tons. beijing also boosted its u.s. wheat and cotton purchases. covid patients are dying in u.s. hospitals at levels not seen since february as intensive care units overflow in parts of the south. the federal department of health says alabama has run out of intensive care places. florida, mississippi, georgia, and texas are all above 90% of their icu capacity. president biden has defended pushing for booster shots for all americans after criticism that it is unfair to poorer countries. the w.h.o.'s africa director says booster rollout makes a mockery of vaccine equity. the organization says high income countries have already on average administered more than 103 vaccine doses per 100 people. that is in comparison to just six in africa. singapore will

i'm vonnie quinn.his is bloomberg. ♪ >> still ahead, cryptocurrency becomes the sticking point in the u.s. vote on infrastructure legislation. we will discuss the implications with digital law expert -- with a digital law expert. we will preview a flurry of economic data due this week. this is bloomberg. ♪ ♪ >> we are expecting inflation numbers after export data over the weekend showed a slow down. our next guest says exports have been a key driver of the asian recovery. they may face risks as advanced economies reopen. let's bring in tuuli mccully. the head of asia-pacific economics at deutsche bank. can asian domestic demand make up for some of the changes in western demand? >> good morning. well, we are seeing signs that in the region, the economic recovery is being delayed. especially in those countries that are facing another surge in covid-19 cases and restrictions are being used because of low vaccination rates. therefore the export sector will play an important role in supporting the recovery

. ♪ vonnie: this is "daybreak asia."he biden administration approved its first arms sales to taiwan. the proposed $750 million deal must go to a congressional review process and the negotiations between taiwan and contractor bae systems before any contract is signed. it is sure to be announced by china, which sees taiwan as part of it territory and is sure to inflame tensions between washington and beijing. sources tell us the boeing jet left seattle and is headed to china. regulators stepping closer to ending the two-year grounding there. 175 nations have cleared and the jet to resume after boeing redesigned the control system following two deadly crashes, one in 2018 and the other in 2019. it was seen as a gauge of broader u.s.-china relations. the director general of the world health organization wants a moratorium on booster shots in order to let order countries catch up -- poorer countries catch up and vaccination rates. he says holds should remain in place until the end of september. now to let the w.h.o. achieve i