yousef: u.s.ural gas futures are extending gains for what has been the best first half since 2008, the heatwave that's rocking new york city. but heat waves that have affected various parts of the world. how much of an inflection point have we seen for the energy sector broadly? are we going to see an increase in capex, a return to some of the dirtier fuels to try to meet demands? run me through what your initial interpretation is on. >> it's the times we live. remember the winter we just had in asia and the u.s. as well. the texas freeze, record low temperatures, it was very similar. we have to use fossil fuels. like you said, record heatwave in canada and u.s., even parts of the middle east. in the middle east they are back to burning liquids with crude oil and fuel. the world announces the use of fossil fuel. i think the biggest issue right now is that consumers are not moving away from fossil fuels as much as the narrative is, and therefore supplies are moving away from fossil fuels a lot quic

yousef: this is "bloomberg daybreak: middle east."gine stocks rise as china and hong kong stabilize from a tailspin sparked by beijing's overhaul. a record close on all street. -- wall street. yousef: the leaders of north and south korea agreed to restore relations. a breakthrough ove

yousef: investors against today's u.s. cpi ratings.ousef: the sultan of oman is in saudi arabia, the first visit by an omani

yousef: opec in crisis. manus: great reopening continues. plans to end social distancing in england from july 19

s yousef w like a very big ng we'll b in thiri wre i >> doctor: people are having a hard time modelinghis new variant. but, you're right, if you look at heading into the week of august 14th, the models that the c.d.c. put out estimated there is going to be anywhere from 10,000 infections a day over the course of that week to 100,000 infections. which is an indication they don't have a good sense where we're heading with this outbreak. i believe there is more virus than we're picking up. there is a lot of people with milder infections, and more of the infections happening in a younger population, that is less likely to become very systematic. more of the testing we're doing is antigen tests that are being done at home and not getting reported. so i think we're much further into this epidemic that we're picking up, and hopefully further through this epidemic. if you look at the u.k., and we're probably three, four weeks behind the u.k., they do, in the last seven days, appear to be turning the corner. it is unclear if that is going to be sustained. they just lifted a lot of the mit dpait