let's get you to vonnie quinn with the first word headlines. vonnie: we will start with the bank of indonesia governor who says monetary policy could be tightened year, including interest rate moves. the central bank kept its interest rates at a record low since february. a rate move could happen if policymakers see signs of inflation and ongoing recovery. >> the end of next year may be some interest-rate action but [indiscernible] vonnie: richard branson and virgin galactic have successfully completed a test flight to the edge of space. branson and company employees experienced weightlessness as the spaceship reached a peak altitude of 85 kilometers above earth. the journey kicks off a land month -- landmark month for space tourism with jeff bezos said to fly on a rocket made by his company, blue origin. >> for the children, we've got to get busy building as many spaceships as we can so one day, those kids will have the chance to have a similar experience as what i had. and that we will do. sophie: italy has when the european soccer championshi

let's turn to vonnie quinn with the first word headlines. vonnie: bloomberg has been told that russian hackers were part of a group which has been tied to the kremlin's foreign intelligence service. the group had previously been accused of breaching the democratic national committee in 2016 and of a cyberattack involving solarwinds. a spokesman denied its systems were breached. president joe biden -- to get vaccinated. biden missed the fourth of july deadline of having 70% of american adults partially vaccinated and 100 60 million people fully vaccinated. speaking at the white house, he discussed the dangers of the delta variant. pres. biden: we discussed how the delta variant is already responsible for half of all cases in many parts of this country. it is more easily transmissible, potentially more dangerous, and it should be, because of reconsideration. look, let me put it another way. it seems to me that this should cause everybody to think twice. vonnie: a new report from the cdc says the benefits of messenger rna covid-19 vaccines clear

let's get you over to vonnie quinn with the first word headlines. vonnie: good morning. the u.k. prime minister urging bull to stay vigilant after most pandemic restrictions are lifted next week. england faces up to 2000 hospital cases a day between 100 and 200 deaths a day. a new vaccine resistant variant emerging. >> this pandemic is not over. this disease, coronavirus continues to carry risks for you and your family. we cannot simply revert instantly from monday the 19th of july as it was before covid. we will stick to our plan to lift legal restrictions and social distancing. vonnie: confirmed cases in the united states up by 40% for the week ending sunday. the increase came as the delta variant spread while vaccination rates continue to fall. covid-19 infections in new york city climbed for the first time in months, doubling over the last two weeks. dr. anthony found she says ideological rigidity is preventing people from getting an ocular did. the cdc is looking at reports of a rare disorder in some people receiving the johnson & johnson vaccine. eta shows a small risk of d

let's get over to vonnie quinn with the first world headlines -- vonnie: the world health organizationas urged governments to recognize its standard. any shot recognize for emergency you should be recognized by countries. that could challenge western countries to accept china's vaccine. which has been licensed by some countries but not others. lawmakers are pressuring china over alleged human rights abuses. senator jeff merkley and jim mcgovern urged a step up of potential violations. they say rights violations have not updated and are calling for immediate measures to assess and monitor behavior. ecb president says the region's lenders could see a cap -- they could be removed if economic and financial sector conditions do not worsen. last year, they issued a de facto ban. the top organization -- trump organization and its longtime cfo have we did not guilty to theft charges. he is facing 15 charges from manhattan da. it is the first criminal case to emerge from an investigation into former president donald trump and his business dealings. neither trump nor his sons were named. global

let's get to vonnie quinn. vonnie: thank you, shery. chair powell says inflation is likely to remain for a month. the economic recovery has not left the central bank's will, monthly asset purchases. chair powell: while reaching this is substantial, further process is significant -- progress is a significant ways off we will continue in the coming weeks. as we said, we will provide advance notice before announcing any changes to our approach. vonnie: china's pushing back against the u.s.' attempt to crackdown at political efforts. a possible u.s.-led digital trade agreement in a bid to defend the u.s. power. separately, beijing condemned the plan. the white house warning individual businesses of operating in hong kong. the white house says the united states is sending more than 1.5 million doses of the moderna vaccine to sri lanka. they are being sent through covax, the global distributor for low and middle income nations. the biden administration wants to send 18 million doses of a mix of moderna, pfizer, and johnson & johnson in the co

for now, let's get to vonnie quinn with the first word headlines. vonnie: china and india have agreed to continue discussions over their border standoff. new delhi says the nation's foreign ministers exchanged detailed viewpoints. they agreed to ensure stability on the ground and not take any unilateral action to increase tensions. they last held talks in 2020 after a bloody border skirmish. hong kong may allow vaccinated residents and workers to return from nations that have been at extremely high risk. the south china morning those reports travelers with will require 21 days in hotel quarantine and regular testing. hong kong designated countries including the u.k., indonesia, and the philippines as extremely high risk. south africa's government is sending more serial chores -- soldiers to and riots. minister said they will be boosted to around 5000 to 25 thousand. the protests erected last week after jacob zuma was jailed. more than 70 people have been killed. results president has been diagnosed with an intestinal obstruction and will undergo furt

that's get you to vonnie quinn -- let's get you to vonnie quinn. vonnie: the u.s.hina have left open the possibility of a presidential summit spite contentious talks. wendi sherman's visit to the city was focused on setting guardrails on the relationship. she was presented with two lists of key demands. sherman underscored u.s. concerns and said washington does not seek conflict with china. singapore aims to relax more virus curbs including beginning quarantine free travel in september and it marks the first on the economy set a timeline to reopen borders that have been mostly shut for more than one year. the city says it expects to have fully vaccinated 80% of its population by then, allowing officials to ease mother s -- measures. in its final address to congress before his term ends, rodrigo duterte pushed her opening the economy to more foreign investment. the 76-year-old pledged pandemic support to help businesses, defended his much criticized drug war, and pushed for more tax reforms. protesters took to the streets and left-wing activists hung a huge banner t

let's get to vonnie quinn, who has the first word headlines for us. vonnie: a group of gop senators is calling on the sec to investigate fraudulent chinese companies listed in the united states. the move follows the didi dibacco and china's enforcement actions on the ridehailing company. prior to its offering, didi's top brass downplayed the rest. didi is denying the wall street journal report saying it is considering going private. joe biden is toughening up on federal employees to require all workers to prove they have been vaccinated against covid-19 or wear our mask and take frequent tests. the plan will affect millions of federal workers including the military and on-site contractors. biden is encouraging private sector employers to follow the same approach. it comes in response to vaccine holdouts. the biden administration also calling on states and local governments to provide a $100 incentive to people who get vaccinated. the treasury department says the president asked states to provide the funds to the 1.9 trillion dollar american rescue plan

let's get to vonnie quinn with first word headlines. ers behind the ransomware attack exploiting kaseya software are reportedly demanding a single $70 million payment. he told them the company is not aware of critical infrastructure it by ransomware and apache should be released soon. -- and a patch should be released soon. facebook, twitter, said they could stop offering services in hong kong if the government goes ahead with laws. they say they raised concerns to the government in a private letter. private information is revealed publicly could put --at risk. china central banks say's institutions should increase credit supply and provide more support to small and medium-size companies. eight pboc notice monday encourages smaller banks to sell special bonds to expand funding channels for smes. the country security regular pledge to safeguard against risk, and against the untamed expansion of capital. global news 24 hours a day on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countri

let's get to your first word news with vonnie quinn in new york. vonnie: thank you.chmark interest rate kept unchanged, but officials signal they are closer to tapering their support. the fomc says the current rate of asset purchases will continue until further progress has been made, but noted the economy has made progress. the fed also said inflation risks are to the upside, but remain transitory. china's securities regulator convened a virtual meeting with investment bank executives, trying to ease market fears about a crack down the private education industry. sources tell bloomberg the call was led by a chairman. we are told the takeaways by some bankers was the policy was a targeted one not meant to hurt other industries. iran's supreme leader called the u.s. stubborn for discussing to run's missiles -- tehran's missiles. it could signal trouble ahead for negotiations. a new prime minister sworn in next week says he looks forward to returning to the deal. norway usurping the u.s.'s perch as the best place to ride out the pandemic. norway vaccinated half of its

vonnie quinn has all the details with the first word headlines. vonnie: bloomberg has learned that yellen has been withdrawn. the white house told an economist that she will not be nominated. she is a former obama era appointee who worked for hillary clinton and was slated to be nominated as undersecretary for international affairs. president joe biden is calling on cuba's government to respect the right to peaceful assembly after some of the largest street protests in decades. the u.s. stands with cubans in their calls for freedom and pandemic relief. police were shown to attack demonstrators. during an event and address, the cuban president called on his supporters to confront protesters. lawyers for the ousted myanmar leader say four new charges of corruption have been filed against her. she is currently on trial in the capital on charges that include sedition. lawyers say there will be a hearing on the new charges later this month. the united nations says world hunger probably surged to a 15 year high in 2020 as the pandemic curves incomes and

yvonne: we got vonnie quinn in new york. onnie: china will propose new laws that will require nearly all companies seeking to list and ford countries to undergo a cybersecurity review. the review will go to companies with more than one million users worth of data. it could warn governments. u.s. treasury secretary has set a rough timeline for when the biden administration hopes congress will take up to portions that was endorsed by g20 finance ministers in venice. she hasn't signaled if part of the plan will require a two thirds vote in the senate and get over the hurdle of republican support. >> it remains to be negotiated. maybe it will be ready in the spring of 2022. we will try to determine if that is what is necessary for implementation. vonnie: sydney recorded a record 77 new infections on sunday. that means that a lockdown is unlikely to be uplifted as scheduled. the closure is costing $750 million a week. national government has pushed back plans for a trouble -- travel bubble until the end of the year. richard branso

with first word news, we have vonnie quinn in new york. vonnie: thank you. opec and its allies' talks broke down after the members blocked a deal to boost output. the agreement would also have extended the broader opec accord , pushing forward extensions. talks are set to resume friday. johnson & johnson says its vaccine is effective against the fast spreading delta variant. it is still not clear when a booster shot would be needed long-term. delta is expected to become the dominant strain in the united states in the coming weeks. the world health organization is urging the government to recognize its covid-19 vaccine. it says any shot on the rest use should be accessible to countries beyond their borders. that could challenge western countries to broaden acceptance of china's vaccine. the ecb president says the reason lenders could see a cap on dividends and share buybacks lifted by the end of september. she says restrictions could be removed. last year, regulators issued a factor van as a trade-off for taxpayer-funded stimulus. the trump organization and i

now to vonnie quinn. vonnie: researchers supported by the national institutes of health say people who received both doses of moderna or pfizer may not need an additional booster shot for years. they presented a strong, consistent immune response against covid-19. there is a concern about variants that may pose a threat. why than half of all adults in the european union are now fully vaccinated. ursula von der leyen tweeted the news. those doses are said to vaccinate 70% of adults. he authority is analyzing data on a rare nerve disorder reported among a group of recipients of the johnson & johnson back in after the u.s. added a warning label to the shots. health officials say malaysia is covid cases, which topped a record 11,000 on tuesday, may climb even further in the coming days before stabilizing. the health director general says the outbreak is being driven by the contagious delta variant. of asia has been struggling to contain the recent surge despite much of the country being on lockdown. iraq's sta

i'm vonnie quinn.d companies made exchange filing sunday after beijing cracked down on for-profit afterschool tutoring. a day earlier, beijing unveiled sweeping overalls of the $100 billion education tech sector, banning country -- banning companies from teaching school curriculums from going public. u.s. and china are such a hold the highest level talks since march. the deputy secretary of state will meet the foreign minister on monday in china. the minister warns the u.s. must learn to treat other nations equally. the white house as the chairman will raise human rights concerns while raw offering -- while offering reassurance the u.s. is not anti-china. nancy pelosi is not backing off on her plans to promote a bipartisan infrastructure package. she warned she would not put a bill on the floor prematurely. democrats are still working on the details. bipartisan negotiators may announce details as soon monday. tobacco giant philip morris is said to be planning to end of cigarette sales in the u.k. withi

we have vonnie quinn in new york. vonnie: thank you. u.s. state department says china -- china's region is one of the six places in the world witnessing atrocities against humanity. a seven-page port submitted to congress submitted ways in which china -- china is punishing them for abuses. sanctions, restrictions, and exports controlled. the report highlights alleged atrocities in several other places. you caper minister boris johnson is urging people to stay vigilant after pandemic restrictions are lifted next week. they estimate that england saved up to 2000 hospital cases a day. as many as 100 hunt -- hundred-200 deaths per day. they could be coming under pressure and a new vaccine resistant variant emerging. >> this pandemic is not over. this disease, coronavirus, continues to carry risk for youths and your family. we cannot simply reverse instantly on monday the 19th of july as it was before covid. we will stick to our plan to lift legal restrictions and to lift social distancing. confirmed cases in the united states soared by 47%. the

let's get you over to vonnie quinn for the first word headlines. vonnie: a governor says monetary policy could be tightening next year, including interest rates moves. the central bank kept it at a record low since february. the strategy is to gradually reduce liquidity in the financial system, where he says a rate move could happen if policymakers -- inflation and ongoing recovery. >> the next year, there might be some -- but this is really uncertain. vonnie: u.s. treasury secretary janet yellen has had -- has set a rough timeline for when the biden administration hopes congress can take up parts of the tax guidelines. she believes it will choir at two thirds vote in the senate, and impossible hurdle without republican support. >> written names to be negotiated. maybe it will be written already in the spring of 2022, and try to determine at that point what is necessary for implementation. vonnie: sidney reported a record 77 a new covid-19 infections on sunday. the new south wales state government says that means it's lockdown is unlikely to be lift

i am vonnie quinn. this is bloomberg. haidi.coming up next, as tesla boosts earnings season with better-than-expected results, our guest joins us to take a look at what to expect from the rest of the big cap world. this is bloomberg. -- techworld. this is bloomberg. ♪ >> public sentiment is at the inflection point. at this point, everyone agrees that vehicles are the only way forward. >> elon musk speaking on teslas earnings call so take a look at tesla after hours. we have seen moderate gains to the tune of about 1.5% after the company reported better-than-expected -- off the session highs, 1%. better-than-expected earnings. i want to bring in the cofounder of a venture company. it seems like one of the most positive waves of momentum we have had for a while. what did you make of the comments and the numbers? >> they are impressive also big numbers. just take a step back and think about the action here. we are at this point of no return with easy adoption -- ev adoption 122% year-over-year for the june quarter. the auto industr

i'm vonnie quinn. this is bloomberg.hery: the investment banking boom continuing this week with morgan stanley being the latest to work a windfall from dealmaking activity. our wall street correspondent joins us. give us the highlights. >> the investment bank had stand out performance that beat expectations on a lot of levels, except for one key area, fixed income trading. today when morgan stanley released the results at $1.60, the drop was just about in line with what you saw goldman sachs and jp morgan. but equities came in higher than all of this year. so you see the big u.s. banks gaining market share in equities , all areas we know that banks across the rest of the world are finding a harder time winning share in that business with u.s. hedge funds and the biggest asset managers in the world. so what can we look forward to? investors are looking for a story to hang onto. there is still a cost control question. the coo of morgan stanley today really try to make investors focus on the long-term. while also investing

i am vonnie quinn. this is bloomberg. david: coming up: we will talk more about these markets they are taking an absolute tanking in singapore. we do not need no education. according to the sound there. there director of -- they are negative on that. yvonne: that was pretty good. david: i just got that. yvonne: amazon's pandemic era boom is fading as they venture into physical stores. what does it say about the u.s. economy next. this is bloomberg. ♪ david: update on your commodity markets. nothing as far as energy is concerned. that pertains to everything the important terms of raw materials. both contracts. down about 5% each of them. yvonne: you take a look at these tariffs in stainless steel rising 40% from 20% starting on august 1, markets not liking that news. squeeze in exports happening again. amazon's lackluster forecast is sparking concerns among investors. we saw how it played out in extended trade. we see u.s. futures lower by three quarters of 1%. let's bring in see who's got the latest. this was the stop to

i'm vonnie quinn.lam is liking to press ahead with a national security crackdown as the city marks anniversaries of the 1990 seven handover as well as the chinese communist party centennial celebration. a quiet day turned violent thursday is one police officer was stabbed in the back before the assailant turned the knife on himself. we are joined by chief north asia correspondent stephen engle in hong kong. it felt there was a lot of tension there despite warnings against activists and protests. stephen: that is right, it was a muted anniversary day yesterday. the public was not allowed into viewing stands in the flag raising ceremony, and around the main shopping area on hong kong island that was the center of protests one year ago after the imposition of the national security law was more muted than a year ago, until late that night. we have reports from the police saying this 50-year-old man attacked a police officer with a knife, stabbing him before turning the knife on himself. police are saying h

let's get to vonnie quinn with the first word headlines. vonnie: good morning. president biden is tightening up on federal employees, requiring all workers to prove they have been vaccinated against covid-19 or wear a mask and take frequent coronavirus tests. the plan affects millions of federal workers. biden has also encouraged private sector employers to follow the same approach. the move comes in response to vaccine holdouts. the white house wants carmakers to pledge that at least 40% of the vehicles they sell in the u.s. will be electric by the end of the decade. a spokesperson for the united auto workers union says discussions are ongoing about a target, but no agreement has been reached. automakers say they need support from the government to meet any goals. the international space station got an unexpected jolt from a newly arrived russian module. it happened when the russian craft thrusters turned on and expectedly after docking. iss flight controllers say the space station suffered no damage. however, nasa postponed friday's launch of boeing's starline

i am vonnie quinn, this is bloomberg. coming up next, facebook taking a beating after that revenue warning. we will be drinking -- breaking down those latest tech results. this is bloomberg. ♪ >> facebook shares slipping in after hours trading after it took a cautious tone on the outlook for the rest of 2021. the social media -- >> we know businesses are experiencing challenges because of platform changes. we want to make sure they are continuing to get great results going into the future. we are collaborating across the industry to develop new technologies to help minimize the amount of personal information we process. while allowing us to show relevant ads and measure their effectiveness. >> what was the takeaway for investors, ed? ed: investors are concerned about that platform change. with apple and i was prompting users to decide whether they want to opt in or not to being tracked from an advertising perspective, many people are opting not to track. this is basically facebook saying we have known about this for some

i am vonnie quinn. this is bloomberg.aidi: the reserve bank of australia is expected to announce adjustments after its bond buying program after a policy meeting later. this'll be the first major policy shift from the rba. paul allen joins us with more. some expectations that might not end this week in new south wales. what are we expecting from the rba? >> the words gradual and begin are important. we are expecting a reconfiguration of the bond buying program that would move to open-ended buying. we're also keeping an eye on for possible shift in the three year bond yield target of .10% moving from april 2024 to november of 2024. the recovery was progressing well in australia but this latest covid outbreak has put sydney into lockdown has thrown a spanner into the works. that is likely to feature in the discussions today. there will be a press conference after today's policy meeting. the governor for low takes questions after speeches and panels he appears on, but post board meeting press conferences are almost unheard o

i am vonnie quinn.berg. >> the delta variant continues to push through southeast asia. we will be discussing with who science councilmember coming up next. president biden's plan to underline the risk to u.s. companies doing business in hong kong, we will bring you the details on that story. this is bloomberg. ♪ >> the u.s. plans to issue a warning friday about the risk for companies doing business in hong kong. present biden says additions are changing as beijing consolidates its grip. president biden: the situation in hong kong is deteriorating, and the chinese government is not keeping its commitment that it made how to deal with hong kong. >> for more, let's bring in bloomberg reporter roos einhorn. what do we know about this business advisory? >> the significant thing is that this is something that the president himself is now saying, so that gives more weight to what we are expecting to get today, which will be an advisory from the administration to businesses warning them that the situation, espe

i am vonnie quinn. this is bloomberg.hery: still ahead, ubs global wealth management, dominic schnider, joins us to discuss the outlook for commodities. up next, beijing is considering closing a loophole that allows chinese firms to list shares overseas as ridehailing company didi has just done. the details, just ahead. this is bloomberg. ♪ haidi: let's get you your latest business flash headlines. mccoury is said to be exploring a joint offer for sydney airport. the firm has been speaking to pension funds about challenging a $17 billion postal. the purchase of sydney airport would rank as australia's largest ever acquisition. citigroup wants most employees back in the office in september at least part-time. the human resources chief said health data had improved in both countries. it opened u.s. offices to workers who volunteered to come back. citigroup said it will let staff remotely some of the time, a much more flexible position then many of its rivals. it committed to $8 billion in commercial property loans can 2021

i am vonnie quinn with the first word headlines.than a week after debuting on the new york stock exchange, shares of didi plunged -- of didi plunged below there price. china's state council said last week it was investigating didi and ordered online stores to remove the app. page and warned it intends to tighten oversight of data security and overseas listings. a new report from the cdc says the benefits of messenger rna covid-19 vaccines clearly outweigh the risks including among young adults and adolescents. this is despite hard complications seen in a relatively small number of mostly young men. concerns have been growing that the possible side effects could threaten vaccine uptake as the delta variant continues to spread in under vaccinated u.s. hotspots. a bipartisan group of lawmakers injected new life into president biden's infrastructure deal. the 58 member caucus is said to endorse the agreement with a group of democratic and republican senators and it called for a quick standalone vote. this is contrary to nancy pelosi, wh

i am vonnie quinn. this is bloomberg.di: the u.s. and china hold their first high-level talks on monday, and wendi sherman will meet with the foreign minister, who issued this warning ahead of the sit-down. >> the u.s. has been using its strength to put pressure on other countries and -- security to others. we need to tell the u.s. clearly, there is no country in the world superior to others and there shouldn't be one. china will never accept any country that claims to be superior to others if the u.s. does not learn to treat other countries equally, china and the international community has a responsible -- a responsibility to help them learn this. haidi: our guest joins us. that is setting the tone going into the talks. what are the expectations? >> certainly you say, setting a certain tone. the biden and attrition has not been shy about challenging what china would regard as its redline on stuff like basic internal affairs. the idea that sherman will go there, and she will raise concerns about human rights in hong kong

i am vonnie quinn. this is bloomberg. rishaad: good stuff.irector and chief executive of yes bank. >> just ahead, key talks between beijing and washington get off to a rocky start. details ahead. this is bloomberg. ♪ juliette: you're watching bloomberg markets: asia and we are continuing to see china's tech crackdown way on sentiment on equities in hong kong. tencent shares falling the most since january. they had been holding at june 2020 lows. falling by about 6%. this has been weighing on the hang seng index and more broadly to the hang seng tech index as well. you can see witness coming through from some of the other big players. alibaba as well. rishaad: you are seeing global investors reeling from this crackdown on tech education. china imposing the harshest curbs on its $100 billion private tutoring and online education industry. china and the u.s. beginning high-level talks are getting off to a tense starch. the vice foreign minister highlighting differences between the sides. it's get details from our reporter. the sides are together

yvonne: that's get to the first word news with vonnie quinn in new york. chinese state media report that state banks requirement ratio may be cut to bolster the economy. china's recovery from the pandemic is faltering after in gauging of activity in the services industry slowed sharply in june. didi directors and underwriters have been hit with two u.s. lawsuits after china's crackdown on the right hailing company sent shares plummeting days after its ipo. according to complaints filed in federal courts in new york and los angeles, didi was in ongoing talks with chinese authorities about compliance with cybersecurity regulations. they were apparently asked months ago to delay their u.s. ipo. former president trump has sued facebook, apple, and alphabet. he seeks a restoration of his social media account, along with punitive damages. all companies suspended his social media accounts following the riots at the u.s. capitol. the w.h.o. is urging caution over reopening, after regions around the globe are seeing increased infections. more than two dozen countri

i am vonnie quinn, this is bloomberg. >> let's look at the stories we are watching in southeast asia. the philippines is that some antibacterial disinformation is being spread in asia, endangering a lot of people considering this is being spread very widely. singapore and the u.k. to boost financial services activity between the two countries. the city states could withhold privileges from people with such a vac shots. we are getting the pfizer and moderna shots rolled out in singapore free of charge for all residents but you can elect to pay to get the shot for those who would prefer to have that vaccine. the concern is that we are starting to hear that to take that vaccine, you may not be able to attend some of the events that singapore is trying to plan. we don't have a clear path of what that means but we are hearing that people who want to leave the city state and come back in, they will not have to do that 14 day quarantine. they won't have to do preevent testing. >> just getting back and looking at this and have her sentiment -- and have asked -- antivaxer sentiment, we have pe

i am vonnie quinn. this is bloomberg. heidi.a second person in sydney has died as new south wales has an outbreak of covid-19. the government is expected to announce another extension today. let's bring in georgina mckay. we saw the case numbers dip slightly but this does not suggest a trend. now that the financial elements are in place, can we finally see some of these stricter lockdown measures for businesses? >> that's right. yesterday's case numbers dipped to 89 from 112 the day before and that number is likely to bounce around. the numbers may go up again this week. there's apparently thousands of people that have been listed as close contacts so we might expect a rise. the number of people in hospitals is also increasing. people admitted -- intensive care. as you said yesterday, the state and federal government announced a joint economic package for those who have lost work and for affected essences. i would say that the lockdown announcement is imminent. perhaps this morning, we might hear from the premier regarding this

i am vonnie quinn. this is bloomberg.two-week long down in sydney has been extended for at least another seven days as authorities braced to stamp out an outbreak of the delta variant that has more than 350 cases. joining us now for the latest is our guest. today's numbers are going to be a substantial increase in the overnight for the previous day and we are seeing the virus spreading across new areas. >> good morning, haidi. in yesterday's press conference, the premier announced 27 new local patients rising from the previous day. she told them the numbers again today and we are expecting those numbers around 11:00 a.m. this morning. where cases are popping up now has shifted since the beginning of this mid june outbreak where cases were first reported in sydney and areas around bond ai. now, cases are spiking in southwestern sydney. shery: could we see resurgence being tightened from here? >> the government is considering taking further actions to restrict movements in these areas of sydney where the cases are most conc

i'm vonnie quinn.his is bloomberg. ♪ shery: coronavirus cases continue to rise in japan as the olympics go on. nationwide figures are expected to lead to more than 9000 mile total infections have reached 169. let's discuss the business of sports during the pandemic and the nba's asia fettuccine with executive vice president and managing director at nba asia. scott, great to have you with us. the nba has experienced asian games at the head of the pandemic here in the u.s. seeing what is happening across japan, what would you say are some of the safety measures that are needed in order to really carry out these games safely? scott: good morning. it is great to be with you. it has been amazing to watch the start of the olympics. it is great to have the athletes competing again and performing at the highest level. the ioc has put in some of the strictest pandemic measures that they could possibly put in. going back 1.5 years, when we established the bubble in orlando and started our season, we had to focus