kathleen: i'm kathleen hays in new york. the fed holds near zero while saying that the economic recovery is strengthening. futures rise as jerome powell ensures investors the central bank is in no hurry to pull pandemic support. president bide

kathleen: i'm kathleen hays in new york and welcome to "bloomberg daybreak: asia." the global economy might see its fastest growth in more than a half century with the u.s. and china leading recovery but the imf warned prospects are diverting dangerously. republicans pushback against president biden's massive stimulus program saying it will hurt american jobs. they want a plan scaled-back by more than two thirds. japan could be ready to expand its state of emergency to contain virus infections. the prime minister says all possibilities are being considered. haidi: let's take a look at how we are shaping up with this very -- this holiday seeing a quiet start to the week. sophie: a lot of markets in the asia-pacific closed for the easter break, but japan and korea will come online later. nikkei futures pushing higher and building into this week, wti coming under pressure after the opec-plus decided to gradually ease supply curbs. that's the wrong ticker, but that's ok. inflation remaining key at the start of april. after the jobs report, holding onto gains in the wake

and kathleen is furious. there is another fellow in kathleen's life who would like to get her attention. his name is william hansen. he's a common labor whose name dream is to be a dry cleaner. and know when kathleen is pregnant with another man's child he marries her about five months before the birth. there was never any question that charles manson wasn't illegitimate baby. his birth certificate was filed a few days after -- a few weeks after his birth. william manson listed as the father. but the whole family and charles himself a new throughout that the real father was colonel scott. no doubt whatsoever. so the later rumors that manson hated and feared blacks because he had a black father, for instance, never folks. never ever. mansion and kathleen's marriage last a couple years, he divorces her, she's still a young girl, she's trying to run around and have a little fun her, son is never just left with strangers or offered for a picture of beer. instead, she does what many young women that age to and sti

kathleen: okay. tell me something that you liked on this. what did you circle? giancarlo: gluten-free, for health reasons. kathleen: okay. woman #2: i circled "skinny" and the "all-natural" because i try not to use marinades that have a lot of sugars. kathleen: okay. somebody else? woman #3: i'd like to see low-sodium and maybe how many calories on the front. kathleen: okay. lemonis: what? i'm sorry, did she want to know what the calories were? trevor: it's so weird. do you think she counts that? lemonis: how rude. trevor: nobody does that anymore though, marcus. kathleen: okay. what else? rivly: i crossed out "all-natural" because it doesn't say much. it doesn't mean much to me. kathleen: okay. what would make that mean something to you? rivly: it would have to say organic, gluten-free, no preservatives, no added sugar, low sugar, you know, all of that. ana: oh, dude, really? like, what else do you want me to put on the label, you know? that's just one of the those people that, for me, likes the sou

kathleen: i'm kathleen hays in new york. the fed holds near zero while saying that the economic recovery is strengthening. futures rise as jerome powell ensures investors the central bank is in no hurry to pull pandemic support. president biden get set to pitch spending plan to congress, justifying raising taxes on the wealthy while declaring the u.s. has turned the corner on the covid crisis. we are joined by the former u.s. defense secretary leon panetta. plus, investors digest earnings from facebook and apple. the iphone maker boosting buybacks by $90 billion. samsung is set to report this hour. haidi: let's take a look at our markets. a lot going on in terms of earnings as well as that big biden speech to congress. what are you watching? >> lots to look out for. gains for asia. nasdaq climbing after with the results from facebook and apple. unilever among results that are due. stocks capping a three day and gain. later this morning, sam chong -- samsung results are on the agenda there. we have a heavy calendar when it co

>> hello, kathleen. i think the bond market is signaling that we are getting to an acceleration of the economy. it is interesting, right? if you are now at the 172, 175 level, we are still below her became from when the pandemic started, which was 195. so in the near term you're going to see interest rates rise back to pre-pandemic and then perhaps break that because as this report showed it had a really try trend -- strong trend across all sectors. and it does indicate is we are now getting very successful with this vaccine rollout, and we may even reach this 70% of the population, as early as in the middle of june, and the gains and payrolls are going to pick up very quickly. because there's too much to matt out there for people to be hired, right? so i think market signaled friday at there's a new reflation trade coming through here again, as the economy early starts to pick up steam. i think that is what we can expect the next few weeks. kathleen: of course another big event this week coming up, is t

kathleen: you anticipated my next question. i year ago federal reserve officials were saying we are looking over what would you be the abyss. we have got to throw everything we can at this economy now, and what we are going to do is build a bridge to get past the big falling apart and bring us back up, but when you look at where the economy is now, $6 trillion worth of stimulus lined up in the last year, it is the biggest piece of stimulus we have seen in modern u.s. history, is it possible that you guys are still just a little bit looking back and did not seem that we may be getting across that bridge now, and that it is time to be assessing things in those terms and not so much that same caution, granted that the verys -- variants are rising but vaccines are coming out. >> i want to bring two things to the top of the surface. it was the biggest piece time spending we have had. it was the biggest peacetime war we fought. we have not had a pandemic in 100 years and the impact it had our lives, we lost over 20 billion jobs in a

. >> thank you, kathleen. haidi: we have another big interview coming up and we will be joined exclusively by the finance minister of the philippines. we will discuss the surgeon virus cases, the impact on the economy that suffered its worst ever recession last year. next, the fallout from the collapse of archegos capital continues to reverberate at credit suisse. the latest on that, just ahead. this is bloomberg. ♪ haidi: we have an alert crossing the bloomberg, kkr raising $15 billion dollars, for asian equity pool, the fourth asia focused fund passing that $12.5 billion targeted at the launch in november, 2019, month before the start of the pandemic. they received backers 288, contributions from them, 30% new to the kkr private equity fund asia including private bank family offices as well as high net worth investors. also taking a look at other numbers, this adding momentum for business in asia after they invested $1.8 billion in the region last year. it is about 12% of their newfound. that pe business c

and kathleen is furious. there's another fellow in kathleen's life who would like to get her attention. his name is william manson. he's a common laborer whose dream is to be a dry cleaner. and knowing kathleen is pregnant with another man's child, he marries her about five months before the child's birth. charles manson's birth certificate was filed a few weeks after his birth, williams manson listed as the father but the whole family and charles himself knew throughout that the real father was colonel scott, no doubt whatsoever. so the later rumors that manson hated and feared blacks because he had a black father, for instance, never, folks. never, ever. manson and kathleen's marriage lasts a couple of years. he divorces her. she's still a young girl. she's trying to run around and have a little son. her son is never just left with strangers or offered for a pitcher of beer. instead she does what many young women that age do and sticks him with her mother or her sister and her sister's husband and daughter,

yes, that's on kathleen's record. never once anywhere, before then or in the next 15 years, was there any record she was arrested for prostitution, ever warned about being a prostitute. she bungled a crime she never should have tried to commit it but charles manson was not the child of a prostitute. not then, not ever. he goes to live in west virginia, a little factory town with his uncle bill, aunt glenna and cousin joann. i found joann, who's never talked before. if any of you get a chance to look at the book tonight, you will see the photo section includes pictures of charles manson from his baby pictures through his wedding album. those came from joann and his sister nancy. they tell the real story. here's an interesting one joann told me about charlie. she said, from the time he came to live with them, 5 years old, he's scary. he's violent. he lies about everything. the first person he ever physically attacked was joann. he picked up a sickle in the backyard and tried to stab her with it. her parents stopped him.

kathleen: tapering. there's a lot of talk that the fed can't hike rates until it has met those goals. for employment, inflation above 2% and staying there. they say we need substantial further progress to think about tapering. what does that mean? can i conclude that the fed is planning on tapering at some point, and that will be potentially well before it starts increasing rates? robert: my personal answer to that question would be yes. what substantial further progress means for me is there is clear evidence we have weathered the pandemic and that we have turned the corner and we are marching forward towards achieving our full employment and priced ability goals. when it is clear to me that that is happening, i will be advocating that we should start withdrawing some of this extraordinary action that we have taken, and yes, it would start with asset purchases. kathleen: when you look at the risks in the market, we have seen leverage. we have seen concerns about leverage. it has all really -- it was all

kathleen hays has more. >> yes, a lot of factors now. we are happy to have an interview with benjamin diokno, the governor, the chief of the philippine central bank. it is great to see you. i hope we can see each other soon in person, but it is nice to see you now, sir. benjamin: thank you for having me. >> i want to start with this question, what is the scope for monetary policy in the face of lockdowns in manila? it may be a drag on growth, we don't know, but if it is and you see a need for stimulus, and the government tries to put cash on inflation, is there room -- caps on inflation, is the room? benjamin: first, last year, we unleashed more than 2 trillion pesos worth of measures. we cut policy rates, the reserve requirements, increase the capacity of banks to support small enterprises and businesses , and i think there is enough liquidity in the system that still has to be digested, so where we are is we feel our current monetary policy stance is appropriate for the recovery, so i don't think there will be drastic moves on our part

shery: kathleen hays. and returning with a big interview in the next hour, san francisco fed president mary daly joining us exclusively at 9:30 am in sydney, 7:30 p.m. in new york. our next guest expects the interest rate to moves to start cooling off soon. let's discuss the broader market implications with brad ewing -- brett ewing. always great having you with us. the rate conversation is still front and center especially when you take a look at the s&p 500 and that is the tv char on the bloomberg showing. where are we headed here? brett: i ultimately believe that the 10 year treasury rate is going to continue probably to move up through the end of the year. what is important for your viewers to understand is what relatively matters to these markets is it is all about the rate of change. the first three months of this year, we had a rate of change in the 10 year treasury and we really have not seen any movies like that in quite a while, and they are quite historical. we had mortgage rates jump up 25% in

kathleen: they have a different view. let's face it. joe biden made it pretty clear, he is with the tax camp. it is the farther left camp of the democratic party, but republicans in general have said capital gains taxes staying low encourages savings, promotes growth. chuck grassley, who was a very important republican, high-ranking, the head of the senate finance committee -- he says that tax hikes on capital gains will cut investment and boost unemployment. the gop wants to keep all the 2017 tax cuts passed by donald trump. grassley said if it ain't broke, don't fix it. president biden will be talking about his new plan, the american families plan, in a joint address to congress on april 28, happens to be the same day the federal reserve will be meeting, so we will have a lot to talk about that day. tim scott, a republican senator from south carolina, one of two african-american senators in office right now, will be giving the rebuttal to whatever joe biden has to say. haslinda: our global economics and policy editor, kathleen hays. o

. >> james bullard spoke exclusively to kathleen hays about the u.s. recovery. >> i put down six point 5% growth for 2021 for the u.s. economy. that would be one of the fastest growth rates we have seen since the mid-1980's. really outsized growth for the u.s. economy. that's what we are expecting so let's hope that that actually transpires during 2021. kathleen: if you are doing those gdp protests and unemployment for the march meeting which i assume you prepared a little bit ahead of time, a month later, given the rapid pace of the vaccine rollout, given that that additional $2 trillion of stimulus passed after the meeting, would you be inclined to maybe make those numbers a little bit higher? james: for me anyway, those things were baked in. i would think that congress would pass the bill and the president would sign in and i thought that the pace of vaccinations would pick up as it has and that the rollout would be fairly successful which it has been so those things are on track as far as i can see. kathleen: chair powell said the principal risk to

i want to take out something else kathleen, i want to add on something kathleen said. this is not the first time where a lie has been produced inside the after math of something we all saw within our own eyes in the after math of this and it is somehow being spawned into some my myths and statics. it happened after the civil war. we all know what the civil war was about. it was about slavery with reuniting the country. what happened after the civil war? the same elements that are routed in the same thing started their own narrative which is this lost cause narrative that it was not about slavery. it was about state's rights and southern traditions. that narrative played out for more than 100 years. it surfaced again in the midst of civil rights. republicans who care still cares, they have to understand the days of pointing out those people don't represent it. that's the republican party. i would put some of this on boehner. this did not start in 2016. it started long before donald trump showed up on the scene and boehner did nothing about it as it grew. >> let me ask y

kathleen: what do you expect to see with inflation this year? carlos: first of all, we hold onto our target of 2%-4%. right now we are slightly over 4% year to date. i believe the inflation numbers will be announced today. and i am hoping that they show a decline in our inflation rates. we are not using price controls as the only means to hold back prices, but we are actually increasing supply. this is the supply agreement issue. haslinda: that was philippine finance secretary carlos dominguez speaking exclusively to bloomberg's kathleen hays. let's take a look at where markets are now. asia swinging with gains and losses at a positive start. even after u.s. stocks had another record. china is back trading after that long weekend, slightly down by a 10th of 1%. more ahead. keep it here with us. this is bloomberg. ♪ >> 10:29 a.m. in hong kong and shanghai and 10:29 p.m. in the art. officials from iran and the u.s. are set together in vienna tuesday as they talk to end a crisis over the nuclear deal struck in 2015. both countries will attend neg

kathleen: it is interesting. it is not new for carmen reinhart, chief economist at the world bank, the author of the famous post financial crisis book at time it is different. when she talks about where we are now, when it is couched in terms of we have got a divide between rich and poor, that is growing even wider because we have a pandemic that forces everybody to fight the virus, but everybody goes into it with different fiscal resources. everybody goes into it with more headspace or less headspace to increase the amount of debt you are selling to the world. the fact we can show you right here there is this debt explosion and as she also adds on top of that, that these countries -- everybody has to keep fighting the virus until it is done. that is one of the issues she is bringing to the table. it is very important. let's emphasize that she does see the possibility of this becoming something wider, bigger at a time she said when we have got almost zero rates and we have things like the archegos situation, the

bullard spoke to kathleen hays about how he sees the u.s. economic recovery unfolding. >> i think that will be more inflation in 2021 than we have seen in recent years. i would like some of that to flow through to inflation expectations so that inflation expectations become better centered at 2%. we missed the inflation target to the low side really most of the time since 2012. so we want to read and center -- re-center and placed expectations at 2%. manus: we also heard from the former new york fed president phil dudley for his take on the potential impact of the fed policy in the coming months. >> we're running an experiment, basically. >> well said. >> we will see how it goes. this experience has more uncertainty than usual because it's never had a recovery from a pandemic like this, going back more than 100 years. anyone that tells you they will know how the economy will perform is not being truly honest with you. annmarie: william dudley there. let's take a look at where we trade this morning. we are flat on the futures. s&p 500 hoverin

our policy editor kathleen hays is with us. this is really what the markets continue to hear, that the data is coming positive but the conditions remain -- remain accommodative. kathleen: i guess they do. they know the fed will not take the punch bowl away. that is a classic expression. i think there are a lot of questions about when the fed will decide it is appropriate. some people are worried about financial stability and overheating. nevertheless, the main thing is hey, substantial progress, jay powell. the minutes echo there's. we need to get closer to those goals. the economy is making progress. they even said that further progress in meeting the riffs on monetary and fiscal support. not worried about it causing inflation, they want more. if you look into the minutes, it is basically a glass half empty view of the recovery. they boosted their forecast for growth, unemployment. but the virus is, including the covid variants, still poses big risks to the recovery. . are they worried about inflation? no, it inflation is bala

thank you very much, kathleen, kathleen - very much, kathleen, kathleen henehan from the resolution foundation. if that reflects your experience, do get in touch. a major uk trial looking at whether covid vaccines can be mixed, meaning different ones are used for first and second doses, is being expanded. adults over 50 who have already had a first dose of pfizer or astrazeneca can apply to take part in the study, as our health reporter michelle roberts explains. currently, the nhs offers people an identical covid—19 vaccine for their first and second doses, but some experts believe switching to a different brand of vaccine for the second dose might give broader and longer—lasting protection against the pandemic virus and new variants of it, as well as offer more flexibility to vaccine roll—out. more than 800 people have been helping researchers investigate this in a trial called com—cov. they've received two doses of either pfizer, astrazeneca or a combination of both to see which works best for immunity. results from this first stage are expected next month, but the investigators now

. >>> coming up on "cbs this morning," the first tv interview with deputy secretary of defense kathleen hicks, the first woman to serve in that role, on how she plans to open doors at the pentagon. >>> i'm anne-marie green. this is the "cbs morning news." . this is the "cbs morning news." it's's very commmmon to have bothth sensitivivity and gumum . dedentists andnd hygienistss will want t to recommemend sense sensititivity and d gum. you u get the sesensitivity y r as w well as impmproved gum m h all l in one. does your vitamin c last twenty-four hours?? ononly nature'e's bounty d d. new immumune twenty-y-four hours has lolonger lastiting vitamin. plus, herbrbal and d other immumune supers. ononly from nanature's bououn. we do it every night. plus,like clockwork. and d other immumune supers. do it! run your dishwasher with cascade platinum. and save water. did you know c certifi d didishwashers.s... ...u.use less ththan four gags per cyclcle, whwhile a runnnning sink u s that, everery two minunutes. so, do i it with casascade. ththe surprisising way to sae water. >>> our top stories th

hicks and kathleen magmum. >> it's been soggy what can we expect hi, janessa. >> hi. good morning hey, at least it's not snow that we're seeing across denver and to the central plains. thank goodness for that. for the east coast, things are going to dry out few bands for d.c. to new york city this afternoon, the clouds will split apart. it's the deep south, baton rouge, new orleans, into sections of central louisiana and lake charles we'll be dealing with that severe weather risk. the primary threats are hail and damaging wind gusts throughout the afternoon and then we'll watch the minor flooding for the next two to three days in the area where they could pick up locally one to two inchewell a lot more sunshine for the midwest but cooler temperatures, mid 50s. we're back in the 40s in some sections of the country. we'll take a look at that coming up. >> janessa, thank you so much. >>> coming up, another state has given the green light to legal marijuana. >>> roa yal tribute, william and harry pay their respects to prince philip. that's why febreze created small spaces

kathleen: he says he thinks the fed is guessing. a lot of people would say it's partly a gas, but this is a concern that a lot of people are having. things have changed since the fed instituted this new inflation framework, all this stimulus. isn't it going to make a difference? we were wondering what we would hear from jay powell on that tomorrow. shery: why is the fed keeping policy unchanged given all of these risks you point out? ed: let's -- kathleen: let's remember that the fed tightened too quickly in 2015. he doesn't want to make the same mistake. jay powell will say it again. they want to see substantial further progress towards their goal. you look at inflation and that is a big problem. he has said they are committed to getting inflation above 2% and keeping it there for a moderate period so most of the time, almost a decade now, the fed undershot its own inflation target and this is what we are going to hear again. they want to be patient. they want to go slow. they don't want to prematurely take steps to cut off what lo

kathleen hays is here with a preview. really making at tough for the boj to forecast what the economic outlook would look like, right? kathleen: the state of emergency is serious. it is making people a lot more worried about an economy that was looking like it is getting better. exports are picking up. look at the virus chart. viruses are surging again. the government has declared the third state of emergency. it is not just tokyo and osaka. it is kyoto. accounting for a third of japanese economic activity and l point. -- and output. it is being extended early three months before the olympic start. making that look like it is what is canceling them. this could hurt small businesses. let's look at a terminal chart. people are getting worried about what could happen to first quarter gdp. you can see those first two strong quarters of growth after one bad one. second quarter of last year it down 29%. two gains of 29 -- 23%. this idea that because the u.s. and china are doing better, there will be better exports, stronger jap

today and one of the former warehouses the founder team based around and in kathleen is doing is working on a product made of a rather unusual natural resource that sadly in abundance worldwide waste plastic. lid is plastic for wild plastic film is turned into a wild garbage bag why the wild it doesn't exist just yet we've been working on it for the last 2 years to make it possible that now we're just about to launch the while back onto the market simply. the start up was founded as a steward owned company the purpose foundation holds one percent of the shares with a veto right. there most important task is to say no no to dividends and no. to potential buyers. info about a company is cell phone the only people who are voting rights are the employees themselves and those who make the decisions of people who want to daily basis to do what we have decided to do which is to save wild blasting so that. the raw material for the sustainable garbage bag is wild plastic it is collected directly from polluted environments in developing countries where no one has ever cared much about plastic wast

and kathleen is working on a product made of a rather unusual natural resource that sadly in abundance worldwide waste plastic. the latest plastic for wild plastic film is turned into a wild garbage bag why the wild to get it doesn't exist just yet we've been working on it for the last 2 years to make it possible that now we're just about to launch the wild back onto the market simply. the start up was founded as a steward owned company the purpose foundation holds one percent of the shares with a veto right. there most important task is to say no no to dividends and no to potential buyers. can fill up the company's cell phone the only people who are voting rights are the employees themselves and those who make the decisions of people who want to daily basis do what we have decided to do which is to save wild blasting so that. the raw material for the sustainable garbage bag is wild plastic it is collected directly from polluted environments in developing countries where no one has ever cared much about plastic waste and no functioning recycling systems exist. this was. a human who no

shery: kathleen hayes there. still to come, samsung is expecting a windfall from its galaxy s 21. but, ages big tech stocks are underperforming the market. we'll get more analysis. this is bloomberg. ♪ >> covid cause everyone to step back a bit from the buildout and supply chain. any priest demand. now we are in position of a meaningful shortage. >> over the past year, it has been difficult to know what direction demand was going to go in. >> our ability to meet demand is outpaced by supply availability. there is not a single industry that has not been impacted by this shortage. i'm automotive to ifp to homes. haidi: bank executives discussing the global trip shortage. bloomberg technology speaks to business leaders about their plans and a special show, chip crunch, they will air act 5:00 in new york. shery: that demand for chips really giving samsung a boost. of course, we have seen samsung rally recently and now we are expecting first-quarter earnings to come out. we are watching very closely this morning, at a time when we have seen the valuation of samsung stock surge during

let's get more with our global economics and policy editor, kathleen hays. what are you watching out for today from the bank of korea, when it comes to the rate decision, nothing much was expected? kathleen: exactly, the survey talking to economists, that it is not a good time to think about raising rates, because even though the economy has strengthened, the imf raised their 2021 gdp forecast to three point 6% from 3.1 percent. exports are surging. the unemployment rate has come down a good fit, nearly under 4%. that is all good. virus cases is the big problem. they have more than 500 cases per day. the government has mandated masks full-time. people are expected to do more social distancing, and people think that will hit the economy, so that is not the time for the rank of korea to think about raising rates. let me paraphrase jay powell, was we spoke earlier -- when we spoke earlier with the korean mission chief, he said he does not think 2.6 gdp growth is at risk. he thinks there is enough momentum from exports and other things for the economy to keep mo

. >> how kathleen kavanaugh's celebrated her one 100th birthday in a special way. >> you see that's are dancing in the core. a color jacket outside dublin home as an officer in the irish police force played for. she's a jolly good fellow on his saxophone. police shared the video saying the officer whose name is mark is a member of the police force band a huge, happy birthday to kathleen. now, before we go, we're going to check in with erica caturay. just one more time for that weather. >> as well. as you can see here in pacifica. we can see the mountain out in the distance because of the foggy conditions tomorrow morning. we could expect actually from coastal drizzle. but the rest of the bay area. we shouldn't expect to see any rain. and here we see on our map here of the fox spreading to other parts of the bay area with low visibility in places like livermore tomorrow. napa and nevado and the early morning hours. so here's our satellite and radar most of the state looking dry except for out in the sierra. we are getting some light showers tomorrow. it should be a dry day for us for the

we spoke to kathleen hays. kathleen: i am very happy to welcome a very special guest. elsa berger is the imf mission sheep joining us to talk about the gdp report and more broadly about china's economy, where it is, and where it is heading. tom just ably laid out the basic part. we will see a huge number. 18%, 90%, 20%. but what should we really look at? what do you expect here echo what are you going to focus on to get a sense of how strong this recovery is? >> i think he put it exactly right. we are concerned about the balance of growth. the headline numbers will be large in terms of annual figures. is often better to look on quarter and quarter growth and analyze. we are thing more about the 4% to 5% goal. given the week first quarter last year,ncluded some thing like 80% or 90%. our concern is mostly on the consumption side. investment has come back. the government is still hopeful. but consumption has been week all the way until the end of last year. if you look at our forecast, conception was about 4.5% lower -- consumption was about 4.5% lower than what we had a

our policy editor, kathleen hays. the imf chief economist spoke about a possibility of a systemic debt crisis. she is not seeing that. but she says any covert vaccine resistance would be a nightmare. she spoke to bloomberg about the global recovery, including imf's $650 billion plan for currency aid. >> $650 billion would be very good. we have not had a new allocation. it did not happen last year. it is needed. it will be a strong signal of global confidence, global multilateralism, and in these highly uncertain times when we still have the pandemic, it would help all countries be in a safer position with these additional reserves. this will not be enough, and we have talked about the need for cap -- for financing for long-term countries. but also debt relief extensions, that restructuring in some cases. there is still a lot more to be done. this would be a good beginning. >> what can we realistically talk about in terms of debt reduction? what needs to happen to bring private creditors to the table to talk about this

and kathleen is working on a product need of a rather unusual natural resource that sadly in abundance worldwide waste plastic. the it is plastic for wild plastic film is turned into a wild garbage bag why the wild buying it doesn't exist just yet we've been working on it for the last 2 years to make it possible that now we're just about to launch the while back onto the market. the start up was founded as a steward owned company the purpose foundation holds one percent of the share is with a veto right. there most important task is to say no no to dividends and no to potential buyers. can feel like a company is cellphone the only people who are voting rights are the employees themselves and those who make the decisions of people who want to daily basis do what we have decided to do which is to save wild blasting. the raw material for the sustainable garbage bag is wild plastic it is collected directly from polluted environments in developing countries where no one has ever cared much about plastic waste and no functioning recycling systems exist. this was. a human who no one has ever

in her first tv interview since starting her new role, kathleen hicks sat down exclusively with senior investigative correspondent catherine herridge. they discussed how she's trying to bring about change at the department of defense. >> reporter: kathleen hicks, who first walked these hallways as a pentagon intern in 1993, knows how to navigate the building and the bureaucracy. did you ever imagine you would be sitting in the press briefing room as the first woman to be the deputy secretary? >> i would be lying if i said i expected to be here. >> reporter: and now that she's here, hicks said she will open doors. >> a big priority area for the president and the secretary and i to make sure women in uniform, for instance, are well represented at the senior-most levels. for those of us on the civilian side to make sure that women are represented throughout the highest ranks of the civilian, both the career and the political appointee course. >> reporter: two days after the inauguration, hicks' boss, lloyd austin, was sworn in making him the first black defense secretary in u.s. history.

thank you. >> that was kathleen hays with jonathan. we will be hearing more from the imf in the next hour. we will be discussing the outlook for japan's economy. take a look at how markets are setting up your in asia. >> stocks are looking at a steady session ahead. this is also keeping an eye on vaccine. they are gaining some ground. this should be a faster pace of rising rates. the kiwi dollar is trading around the april highs this morning. switching to check on bond markets early in the asian session. we are seeing bond rise. the 10 year yield trading around 175 or 176. treasury futures, a little change. this is still a big break for investors. now seen at 2.1%. that is up from the 2% that we saw. >> let's turn to vonnie quinn with the first word headlines. >> the u.s. has recommended a pause on johnson & johnson's covid vaccine after six cases of blood clotting. one person died and another in critical condition. sisi official says the pause could last a matter of days - a cdc official says the pause could last a matter of days. aus

every week back in between they want to kathleen look at the impacts of the easing of these are strictures it's having on case numbers boris johnson the prime minister called the easing of restrictions cautious but you are the best at the end a lot of people here understand that they need to approach this with some caution this is not a moment she to put any of the gains made by the vaccine program at risk but to quote 1st johnson again he says that this easing of the lockdown is part of that a one way road to freedom rights our very own charlotte hills until tonight in london where the pubs are open for business again charlie thank you. for tributes have been pouring in for britain's prince philip who died last week at the age of 99 for a tribal community on a remote island in the pacific his death signals the death not just of a prince but of their god for decades tribes people on the island of tonga in vanuatu have revealed prince philip as the spiritual figure they believe he is the reincarnation of an ancient more your who according to prophecy left the island to marry a powerful woma

england they are easing the restrictions step by step with every week back in between they want to kathleen look at the impacts of the easing of these restrictions it's having on case numbers boris johnson the private estate the easing of restrictions cautious but euro bestival and a lot of people here understand that they need to approach this with some caution this is not a moment she put any of the gains made by the vaccine program at risk but to quote 1st johnson again he says that this easing of the lockdown is part of a one way road to freedom rights a very young until the night in london where the pubs are open for business again charlie thank you. for tributes have been pouring in for britain's prince philip who died last week at the age of 99 for a tribal community on a remote island in the pacific his death signals the death not just of a prince but of they are gone for decades people on the island of tonga in vanuatu have revealed prince philip as a spiritual figure they believe he is the reincarnation of an ancient more your who according to prophecy left the island to marry a p

she spoke exclusively to kathleen hays about the risks on the horizon, despite stimulus. >> i had penciled in a little more stimulus than the board of governors staff, as referenced, and expected that to be a lift to the economy. it has not materialized in the way i expected. i have not changed my outlook overall. the truth of the matter is that the fiscal stimulus, along with the extraordinary measures that the federal reserve has taken, along with getting covid behind us a little bit and move into a light at the end of the tunnel scenario, we really are seeing a lift to the economy that is positive and most welcomed. >> and certainly, the jobs report, just about one million net new jobs added and many economists are saying they get probably another million in the next month and maybe after that. when you look at that, does the economy maybe start to look, maybe not better than you hoped for but better than you are actually forecasting and looking for? >> i have been pretty bullish on how the economy initially starts to rebound. if you think back to last summer, when we were able to get w

kathleen hays as more for us. -- has more for us. a world economy dangerously diverging as the imf put it. why? >> it has so much to do with the pandemic itself, vaccine rollouts, things of that nature. what is interesting is when you think about the pandemic so many kinds of inequality, right? it hit in the u.s. lower income workers and women. it has hit women around the world, but there is this very fundamental and massive inequality now between the few countries who are on the others, the u.s. and china for example, and countries that are nowhere near getting back to where they were, and for the u.s., of course, massive stimulus is in place, and vaccine rollout is already boosting jobs. china got the pandemic under control early. they are doing so well they are thinking we will start pulling in all of that lending, etc. there is going to be a drop of 3.5 percent in 2020 gdp and this nice rebound in 5.5% this year 2021, just over 4.2% in 2020 two, but the imf told us they will upgrade these numbers and upgrade individual forecasts

day two of the bloomberg green summit is set to feature more key voices on climate change, including kathleen maccarthy. plenty more ahead, keep it here with us. this is bloomberg. ♪ carolyn: i'm caroline hyde in london in for emily chang and this is "bloomberg technology." coming up in the next hour, record production and deliveries. top estimates in the first quarter. the bitcoin bet pays off. we will break down the numbers and have analysts and investors reactions. apple doubles down on the u.s., pledging a 430 billion dollar investment to create tens of thousands of jobs and open the

and kathleen is doing is working on a product made of a rather unusual natural resource but sadly in abundance worldwide waste plastic. they do is plastic for wild plastic film is turned into a wild garbage bag or why the wild buying it doesn't exist just yet we've been working on it for the last 2 years to make it possible and now we're just about to launch the wild bag onto the market lots of. the start up a. founded as a stewart owned company the purpose foundation holds one percent of the shares with a veto right. their most important task is to say no no to dividends and no to potential buyers. confirm about a company is cell phone the only people who are voting rights are the employees themselves and those who make the decisions of people who want to daily basis do what we have decided to do which is to save wild blasting so that. the raw material for the sustainable garbage bag is wild plastic it is collected directly from polluted environments in developing countries where no one has ever cared much about plastic waste and no functioning recycling systems exist. this was. a h

. >> you have complicated thoughts about travel bans but kathleen wants to know what you think about vaccination cards and i will extend it to that kind of thing. >> as a rule the travel bans we introduce were too late to have much impact. the impact they mainly had packed people into airports and have them wait in long lines to get into the country, probably not what you want to do in the midst of a pandemic. i feel differently. on travel bans in new zealand at the moment in taiwan i would at least want to have strict quarantine in place like they do. vaccine passports the same way, i don't think that is a great way to stop the spread of the disease, they may have impact on encouraging people to get vaccinated. it is hardly as if they are a new thing, a yellow fever card to cross a number of them, it is not a new idea. during the plague you have to get permission to travel between the cities and this has been around a long time. it is not necessarily a great tool to prevent to encourage them to get vaccinated. >> the businesses. >> there is nothing new about this. journalists and or

warmuth was a former top policy official under the obama administration she joins other women including kathleen hicks. >>> and anthony neyer completed the 7/10 split during the u.s. open semifinal match he is the first to make that move on tv and fourth person ever to make the 7/10 split during the televised game. he is called the ginger assassin pretty impressive. >> two things. with that shirt, they should call him the fashion assassin. i don't know anything about bowling. the pin bounced off the back wall that's fine. you usually want to cut it however you do it, congratulations to the ginger an as assassin >> frances, when you and i finally start our whiskey brand. ginger assassin. >> he better get a trademark >> straight up frances rivera, thank you very much >> sure thing. >>> from straight up to straight ahead. why johnson & johnson is getting blowback from the astrazeneca vacc cce. dr. margaret hamburg is here with more on that. we're back after this. ♪ i wish that i knew what i know now ♪ ♪ when i was younger ♪ you need a financial plan that fits the way you want to live in ret

kathleen: it was a historic moment -- katie: it's such an exciting time. that said, it is just one day. the company has been around for nine years and it has decades more ahead of it. we are just very excited about the long-term prospects of the company. taylor: has this company changed? how do you see this company? katie: you have to understand the founder is just so visionary. i think he has always been this vision. one of the things that is so exciting is about what is next for this company. if you think about it is next, already we have 56 million users on the platform, with really very little spend in terms of pay marketing. in classic coinbase fashion, they are always dreaming bigger and looking forward. and they are looking at what is going to happen with the next set of users. when they talk about the next set of users coming onto the platform they are looking at the 3.5 billion users worldwide with a smartphone who are not currently using crypto. in classic brian armstrong fashion, he is not thinking about the next 10 million users or even the nex

. >> good evening from bloomberg world headquarters, i'm kathleen hays. haidi: these are your top stories. apple smashes estimates on surging demand for its devices. the iphone maker raises dividends and boosts buybacks by 90 million. samsung releases its results in the next hour. the

. >>> at 7:00 on cbs this morning, the deputy secretary of defense kathleen hicks in her first interview on how she's breaking barriers. and the delta ceo is discussing his controversial comments on georgia's new election law. it's 52:00 is. >>> more theaters are reopening doors to movie goers and studios eager to finally release big blockbusters that have been sitting on the shelf for a year. >> but will audiences return with them? nationwide relaxed covid restrictions allowed more theater chains to reopen. regal is slated to reopen hundreds tomorrow. theaters say the priority is making audiences feel safe. >> they have to evoke cleanliness when you come in. i think the staff has to continue to handle, egress, exit in certain ways that make people feel safe. >> despite reopening several movies like black widow and the one i have been waiting for in the heights will simultaneously release on streaming platforms. >> that looks so good. >> can't wait. >>> after break, vice president kamala harris coming home to the east bay. when she'll be here and what she'll be discussing. >> reporter: w

plus, her first tv interview since starting her new role, first female deputy secretary of defense, kathleen hicks, tells us how she's breaking barriers. >>> it's opening day for major league baseball. they're saying play ball. we'll look at how they're preparing ball parks and what they plan to do with give aways that should have gone to fans last year. let's say this, there are a whole lot of bobble heads available. we'll have more. see you in about 14 minutes. >>> it's opening day for the oakland a's. that will be cool. they're going to be in front of a crowd. >> people are ready. >> yes, they are. gayle, good to talk to you. see you at 7:00. >>> speaking of returning to normalcy, a peninsula breakfast spot today is opening its doors again. this is video from its last days of flipping pancakes. if you are on a diet, look away. it's pretty tempting. the pancake house had to shut down temporarily in november because of the pandemic. owners say the third generation business will celebrate its 62 year anniversary in may. >>> 6:46. it has been a busy thursday morning commute. let's check with

here in the yiet we'll have a second conversation with the new deputy secretary of defense, kathleen hicks moderated by another good friend of ours, helene cooper, the pentagon correspondent of the new york times and then at 11:30 a.m. this morning, so two hours from now, a third and final conversation and that's when our good friend, the national security advisor, jake sullivan will be interviewed by another friend from the wall street journal. and the as spend group has a radical notion, that is that republicans, democrats, independents in the united states ought to be able to get along, ought to be able to meet together to talk about the major national security challenges we face, we've been doing that for 37 years. i want to pay tribute to our current co-chair, joe nye, professor of harvard one of the founders of this and professor condoleezza rice, professor and former secretary of state. we're delighted you're here with us today, i would say as a way of setting the ground for these conversations we've seen a major revolution, in my judgment, in american foreign policy under pre

. >> reporter: kathleen richardson works for a nonprofit helping find students who aren't participating in class or logging in to online classes at all, something that school districts around the kund tree are struggling with. >> it's concern, it's disheartening. >> reporter: eric watson is the principal at stockbridge high school outside atlanta, he along with other schools in his district has created local care teams to make sure students who are learning virtually are engaging the same way they would be in a classroom. what's your concern western you see a kid that's not logging on? >> you just don't know what's going on in the home because we normally spend more time with the students than their parents do. >> reporter: henry county public schools has nearly 43,000 students from pre-k through 12th grade. out of the 1,400 students that would normally be roaming the halls of this high school only 200 attend classes in-person. while the school is still majority virtual their care team is making phone calls, home vits its and checking students' social media. >> sometimes we go on facebo

. >> my name is kathleen newell. i am from california, and i have stage four breast cancer. the cdc wrote a letter saying people on chemotherapy and other serious diseases should have been in that group at the priority list, and i just now got my vaccine. >> i unfortunately got covid at the beginning of the pandemic, but apparently i don't qualify despite my underlying conditions. >> maine has not done anything -- [indiscernible] >> i am still searching for a vaccine. when the vaccine rolled out, they immediately said only senior citizens above 65 qualify. how do you leave out people with disabilities from the get-go? >>>> i'd like to say happily that i got it, but i'm not. i think it kind of guts me that there is not a national standard. you are stuck with everyone else in the general population waiting to get the vaccine because you are not important enough. >> i am hoping my medication for the stage iv cancer will work and that i will live another 10-20 years, but the odds are against that. every day counts for that. i lost that year, and i see it improving as soon my vac