so no one like new york city. they spent only months in new york city and then there was a deal cut next slide. the deal would be cut new york city on june 20th 1790 and what is probably the second most famous dinner party in history, i guess behind the last supper the dinner party was between and you can see the pictures there jefferson madison and hamilton madison and jefferson were allies anti-federalists. hamilton was their nemesis as a federalist. two big issues that they're trying to contend with one is where should the capital city be and in the other issues? how should it? look? how do we build it? should it be a simple brick federal town or glorious romance capital the second argument was debt assumption. we were in debt after the war. so jefferson calls for the dinner party ian madison are going to team up and they're going to defeat hamilton what would happen at that dinner party was they would resolve all these issues they would decide basically on where the capital would be and hamilton would end up p

. >> broadway is the heart beat of new york city. new york city is not what it is without broadway. >> it's one of the many signs of normalcy across the country as vaccinations and the virus run simultaneous races. back here in michigan, starting tomorrow, the state will actually be expanding vaccine eligibility including all people ages 16 and above as it scrambles to contain the spread

bill de blasio on ms and bc, saying that new york city willfully -- on msnbc, saying that new york city will fully reopen on july 1. unclear what that means. things are getting back to business. tom: you mentioned it earlier as you interpolated the vaccine news in germany. i'm sorry, it is a bundle of worldwide good news. jonathan: a record day of vaccinations in germany north of one million. anything north of one million is the equivalent of doing 4 million vaccinations here in america. that is a fantastic number. we are clearly heading in the right direction now. euro-dollar got the scent of that a number of weeks go. tom: the stark reality here of the fancy nest of finance and markets and all the -- all that we do on "bloomberg surveillance " is the reality of what you heard from the president last night. a huge part of the public does not care about price target upgrades to apple. lisa: one thing joe biden was talking about is that the pandemic hit the lowest income earners the hardest and actually allowed savings to grow pretty substantially among the highest earners. what i though

after all, this time last year, new york city was the hardest-hit city in the names. times square empty, hospitals and morgues full to overflowing. and panic over the pandemic spreading beyond new york's borders. now new york governor andrew cuomo says full reopening may happen before july 1st. >> i'm so excited. i don't have words to say it enough i love that we'll be able to come back strong. >> reporter: one nose, the u.s. still has significant travel restrictions on visitors so that's a challenge for new york city. broadway's goal is to reopen by september, which means those who book for the summer likely won't get to see a big show, shep. >> contessa, all the hope about opening up soon is so excited, yet the mayor and the governor are still at this crazy feud >> yeah, i mean here you have the governor and mayor ostensibly on the same side, same goals, but listen to how the governor responded to the mayor's target reopening date of july 1st. >> i am reluctant to make projections. i think they're irresponsible. july 1st, you have may, you have june you know, what h

new york city but i think they should put a wall outside of new york city and kick out the governor and mayor while you are at it. the crime in new york city is out of control. >> greg: have you been walking around at how weird it's getting? >> it's very weird, we new yorkers have to be very vigilant. i got my first vaccine and i had two options, either get sleepy and woozy before this show or get it in the bronx tomorrow. i went with this, do i want to get shot in the bronx or do i want a shot in the arm in midtown? [laughter] >> greg: that's okay. you should be getting your injections on the street. >> i know the health plan is the best. is this enough? let's say you are a woke liberal tired of the politics, can you work in the rural states? are you going to miss all the art galleries? >> we used to have those in new york, the good thing about living in the city's you could go to see this concert and see this play, you could go to a bar and another bar and another bar and in the miller bar, like some people would do. now in new york it's all the bad stuff, you can't do anything, you'r

. >> broadway is the heart of new york city. new york city is not what it is without broadway. >> it's one of the many signs of normalcy across the country as vaccinations and the virus run simultaneous races. and tomorrow is expected to be a big and significant day for michigan state fight against the pandemic because they will be now offering the vaccine to all residents ages 16 and above, amara, they will also be doubling their goal of daily

i'm sure he would like to get it open july 1st but if new york city can do it in new york city being a blue city in new york city lacking behind the red states and red cities, might that dr. mccarrick get back up? >> i hope so but new york has been lagging behind and the rest of the country has a lot of population-based immunity but five states lacking in outbreaks among young people and new york is one of those. cases are down 60% over the last four weeks in new york. people have the right to ask, now that roughly 75% of adults have immunity, 54% vaccinated and half natural immunity are we in a state of emergency with low level of cases? then don't make the of cases below that mild flu season. the daily cases and new hospitalizations so we have distorted perception of risk. the cdc issued guidance on reopening and not just closures. >> john: mayor de blasio giving people a reason and schools fully open and not too long from now, here is what he said on that, listen. >> let me tell you something or september, full strength, no question in my mind. every single child can come back to

from new york city, for our audience worldwide, good morning. what a week ahead on "bloomberg surveillance." live on tv and radio, alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity viewers lower by five points on the s&p 500. e

a headline crossing the bloomberg from new york city mayor bill de blasio, saying that new york city will fully reopen on july 1. but trying to get around what this actually means. he says he expects broadway to return to full strength in september. so are we opening -- are we reopening parts of the economy, keeping other parts until september? tom: i would say there is some confusion about this. but the confusion was there yesterday as well. we are all stumbling forward. lisa, i'm going to go to you on this. the school thing in september is really the transient point. lisa: how much is this going to hinge on vaccinations of 12 to 15-year-olds, even younger individuals? the idea that kids will be able to go back to school in person in full in september. tom: i know we've got to get back to semiconductors here, but dr. levy at children's hospital in boston was heated that we need a research regime before we get vaccinations under 16 years old. jonathan: we need a little more clarity on a whole range of issues. when we get those details, we will bring them to you. across the bloomberg

the amount of solar or wind that you hypothetically feed to that battery to feed new york city. like where are you going to put it. natural gas facilities are expected to make up the difference resulting in an increase in carbon emissions in the short term still others say the switch to renewables can't wait i think we're going to be . magic. but it's. really. and we're really on now the path may be uncertain but in new york the goal of eliminating carbon emissions at least is no longer up for debate kristen salumi al jazeera new york. let's take you through some of the headlines here now just 0 now police in the u.s. have used tear gas to disperse protesters in minneapolis the mayor's declared a state of emergency but people are defying an 11 hour curfew tensions are growing over the police shooting of an unarmed black man shavar a town city has more from washington d.c. . before the curfew there was a vigil for dawn to right elsewhere in the city a lot of the folks there who left that curfew there and did gather once again outside the police department in brooklyn center a res

jonathan: from new york city, good morning. alongside lisa abramowicz and tom keene, m jonathan ferro. record highs on the s&p close friday. a big week ahead. earnings and america start wednesday from j.p. morgan. this is "bloomberg surveillance ." ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. jonathan: from new york city, this is "bloomberg surveillance ." check on the price action this monday morning. s&p 500 futures down a little bit, off by 2/10 of 1%. the nasdaq off by 1/3 of 1%. the russell down on the week, off by almost 0.5 of 1%. michael wilson talking about the underperformance of the russell compared to the s&p 500. since small caps pete last week, eigh

we're seeing it play out in new york city. how the policy decisions have led to a sky rocketing rate of violent crime here and in big cities across the country. that's next. ♪ you've got the looks ♪ ♪ let's make lots of money ♪ ♪ you've got the brawn ♪ ♪ i've got the brains... ♪ with allstate, drivers who switched saved over $700 click or call to switch michael: more than 100 years ago. simi: two branches of our family split apart. david: but now, ancestry helped connect us to our ancestors and each other. michael: find their stories. gigi: at ancestry. people everywhere living with type 2 diabetes michael: find their stories. are waking up to what's possible with rybelsus®. ♪ you are my sunshine ♪ ♪ my only sunshine... ♪ rybelsus® works differently than any other diabetes pill to lower blood sugar in all 3 of these ways... increases insulin... decreases sugar... and slows food. the majority of people taking rybelsus® lowered their blood sugar and reached an a1c of less than 7. people taking rybelsus

public housing in new york city alone has a $40 billion capital need. so we need at least $70 billion to fully address the humanitarian crisis in public housing. >> brennan: new york democrats, and speaker pelosi herself, have said they want to see some changes to this bill, including tax relief for state and local governments, the so-called salt tax. chuck schumer has called this a dagger at the heart of new york. are they out of step with your constituents? or is the white house out of step with your constituents? where do you fall on this? >> i certainly support salt deductibility, but my priority is the child tax credit. i represent what is the fourth congressional district in america, and there is no policy that would do more to lift the south bronx out of poverty than the child tax plan. it was so aggressive that it left behind a third of the children. 27 million children in america. i want to see a permanent expansion of the child tax credit, because for me it would be for children where social security has been for senior citizens. >> brennan: t

want to open up new york city tuesday. i want to open it up wednesday. i want buffalo fully reopened on thursday. i am reluctant to make projections because i think they're irresponsible. july 1. you have may, you have june. what happens in may, what happens in june? i would like to get the reopening, hopeful reopening date before that. >> and joining us now is new york city mayor bill de blasio. mayor, thank you so much for being with us this morning. i do want to read some comments from your press secretary. i'm sure you know what i'm about to read. he was asked about this pushback from cuomo and said, quote, serial sexual assaulter says what, end quote. i don't care what a serial sexual assaulter and someone who covered up the deaths of thousands of people at nursing homes has to say about anything, which brings me to this question. what is going on with you guys? >> well, brianna, first of all, let me congratulate you on this new role. >> thank you. >> listen, we have to realize the moment bwe're in here. new york city

jon: alex hogan here in new york city. thank you. some new yorkers apparently are ditching the democrat party and voting republican after a tough year. asia husky spoke about the political trends that have thousands of them shifting to blue to red. >> lockdowns and a shuttered businesses and it was all too much for new york city residents built in blaine after voting for hillary clinton in 2016 he says he supported donald trump in 2020 after losing faith in democrats over how they handled the pandemic and how they stayed silent as socialists gained influence across the city. >> they been getting stronger and stronger for the past for years and i don't like moderates are standing up to them like they need to. >> another longtime democrat who switched to trump would only speak anonymously afraid of being a victim of canceled culture. he says watching violent protests over the summer and a rising crime rate was the final straw. >> i remember seeing these self-righteous politicians going on tv and talking about they want to defund the co

you have such a clear case of the system breaking down particularly in new york city. i think in california, the arts are pretty memorable. if gavin newsom is under 50%, he's gone, not in the wrong, and there would be a new governor, the odds are pretty good they would be a republican. >> thank you for being with us. when we come back, maxine waters softball interview with fake news jim acosta on fake news cnn. all joining us with reaction straight ahead. so when their windshield got a chip, they wanted it fixed fast. they drove to safelite autoglass for a guaranteed, same-day, in-shop repair. we repaired the chip before it could crack. and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service you can trust, when you need it most. ♪ pop rock music ♪ >> singers: ♪ safelite repair, safelite replace. ♪ feel the cool rush of claritin cool mint chewables. powerful 24-hour, non-drowsy, allergy relief plus an immediate cooling sensation for your throat. feel the clarity, and live claritin clear. is your family ready for an emergency?

joining me to discuss this and other issues, new york city police commissioner dermot shea. thanks for joining us. >> jim, thanks for having me on. >> so the number of complaints, at least 26 complaints of anti-asian hate crime up this year from last year. i wonder, based on your investigations, what you believe is driving this? is it simply, principally, rhetoric around the covid pandemic? >> well, we're up to 35 complaints now, jim. and i think it's some of rhetoric, and i think it's mental illness as key factors here. >> understood. is your task force, you've established that now. you also have undercover asian-american police officers out there as another step of protection. you have warned people to say, hey, listen, next person you attack could be a cop. to this point, is that strategy working? >> well, it's part of a layered strategy where we have uniformed police officers. we have, as you said, the undercover police officers. we also have, jim, more outreach than ever. and i think all of those things together is what it's going to take to really push back on this. bu

that's what new york city police is happening. demonstrators raging against the capitalist system targeting diners and vandalizing eateries in new york city. the exclusive upscale bar bought restaurant and nearby japanese spot were set upon by rowdy demonstrators. they are calling for social justice, breaking windows and causing other damage. police say there was -- there were no arrests in this attack. suspects on parole behind two vicious street attacks in the city, one on an asian american woman you see there and another on a jewish family strolling with their infant in a park, well, they say they were out on parole. critics say the increase in crime and lawlessness in the big apple and other cities is a result of breakdown in the criminal system. republican candidate for new york city mayor. >> when i become mayor, you're not going to have this kind of crime in the streets in the subways and you will not have ethnic racial attacks. we are going to return funding to the police. we are going to refund the police and allow the po

so we traveled france to new york city. we get to new york city, we get in the hotel room and i turn on the tv and there in beautiful black and white is superman. again, i was seven or eight years old. soon, my dad takes me out on the streets of new york and we're looking at the empire state building, we're going to the world's fair, and of course, i keep kind of looking up and my dad says bill, what are you looking for? and you know, nothing dad, nothing and we keep moving and i keep looking up and finally, he says son, what are you looking for? and i said well, dad, you know, this is new york city. it is metropolis and i just thought i'd get a chance to maybe see superman, and he turned to me and he pointed to a new york cop standing on the corner and he said son, that's the man that protects new york city and i never forgot that and it really was about the real-world heros that are out there everyday. the police and the teachers and the healthcare workers, and these people that inspire us with the little things that they

at new york city and new york state. there are people who obviously moved their residency to florida , trying to balance that. it is a lot easier when you have a house in southhampton and you can come into the city and do it that way. i certainly do have a concern overall. i am one of those people who has been in new york city my whole life, seen many ups and many downs, and there is a resilience with new york city, and something to the energy of new york city that you are not going to get down in florida. i do think you will see some people, and it is already starting, to see more people return, to be here to have that energy. new york is not a movable feast. you need to be here to feel that sense of energy. sonali: what is the bigger feel, is it the state and local taxes, people moving from one place to another to escape that threat of higher income taxes, or what is happening on a national scale? alexandra: when we are talking about new york state, it is definitely more the state and local taxes. obviously there's bee

the ones they rely on to power new york city in high demand periods like the heat waves. the plan is to connect them to wind and solar farms proposed for construction outside the city. new york is attempting to wean itself of fossil fuels at the same time that it is taking another major source of carbon-free electricity offline, the indian point nuclear power plant. in 2019, this facility alone was responsible for 50% of the state's power. your power emits no carbon and smog, and unlike renewables like solar and wind, it is not intermittent. reporter: pro-nuclear power environmentalists say batteries are not yet up to the task of replacing nuclear fuel. the group calculates it will take a wind farm larger than new york city to replace the energy generated by indian point alone. >> the amount of electricity that it will store is 30 minutes of new york city's energy need. so if you think about the amount of solar or wind that you hypothetically feed to the battery to feed new yorkawawawm?

and mary bruce breaks it down. >>> in new york city tonight, the nypd releasing this surveillance video after a series of synagogues are targeted. they are stepping up security. >>> evacuations in the west tonight. flames fueling high winds and dry conditions. hundreds forced to leave. red flag warnings now in effect. >>> the unidentified object. new images tonight from that spacex crew dragon flight. the object that flies by the rocket, just 12 minutes after launch. >>> also tonight, is the earth's axis now shifting? and where to see the pink super moon tonight. >>> good evening and it's great to have you with us as we start another week together. and we begin tonight with the coronavirus in the u.s. and the hope that we just might turn one more corner. the cdc is now expected to release updated guidelines on masks outdoors for those who are fully vaccinated, with a renewed push to get to americans who have not been vaccinated yet and those who have skipped their second doses of pfizer or moderna. with his 100-day benchmark approaching, president biden is expected to reveal those new c

york city subway station. it was the summer of 2000 social worker danny stewart was rushing to meet his boyfriend, peter mercurio, for dinner. >> so, as i was exiting, that's when i noticed on the ground was this bundle. i kind of made a note like, oh, some little girl left her doll on the ground as i was going up, i looked back one more time and that's when his legs moved. >> it wasn't a doll, but an abandoned newborn baby. >> my heart was racing i just could not believe there was a baby on the ground. >> he called 911 and the baby went to foster care. the case made local headlines for weeks, but after months with no sign of the parents, danny was asked to attend the court hearing. that's when the judge asked a life-changing question. >> she says, would you be interested in adopting this baby all eyes were on me in the courtroom, and i said, yes but i don't think it's that easy she smiled and she chuckled and said well, it can be. >> had you guys even been thinking about starting a family? >> no, no. >> but w

i'm originally from new york city. i'm a ghetto kid born and raised in the bronx single parent household went to public schools. i went to queens aviation high school where i first got my toe wet in aviation. but it really started before then when i saw my first jet fighter on a television program called the man and the challenge when they were and the the show was about ejection seats and fighters. and i said hmm, i get back to do that for a living and so i was fortunate enough to live in new york city where they have his high school called queens aviation high school. we didn't learn how to fly but you learned how to work on airplanes. and so i excelled there. and i was on my way to the air force academy. i would have been in the class of 72 graduated 72. but while i was in my senior year a class might that was front of me. became the high school the flight school guy from the warren officer flight program that the army had the vietnam war was very hot and heavy back then. this is this 1965-66 time frame. and so he c

york calculates it will take a wind farm larger than new york city to replace the energy generated by indian point alone the amount of electricity that it builds store the. 30 minutes of new york city's energy needs so if you think about. the amount of solar or wind that you hypothetically feed to that battery to feed new york city. like where are you going to put it. natural gas facilities are expected to make up the different. resulting in an increase in carbon emissions in the short term still others say the switch to renewables can't wait i think we're going to be . difficult to imagine. but it's going to happen really. and we're really on that path now the path may be uncertain but in new york the goal of eliminating carbon emissions at least is no longer up for debate kristen salumi al-jazeera new york.

new york city is one of the greatest cities on the planet. so it has a lot of attraction and people have always been willing to pay more to be in new york city as have businesses because of the great talent that you find in new york city. and now by raising tax as we still are coming out of a global pandemic with a million plus job losses, it's going to really test that desire to be in new york city, in new york state under any circumstances and i think that it is very poor policy. maria: yeah. especially since a lot of those reasons are not existing today. broadway is closed. restaurants are closed. now, that's temporary. but still, i think all of these points are really important. rich people do not have to keep paying up. don, it's good to see you this morning. thanks very much. we will keep watching this story. don peebles joining us from peebles corporation. stay with us. we'll be right back. some say this is my greatest challenge. governments in record debt; inflation rising, currencies falling. but i've seen centuries of this. with one

and new york city police and on a bridge in new york city, protesters blocked traffic and class with cops on the brooklyn bridge last night in new york. justa little of the video from the new york post on that . >>. [shouting] >> why isn't he across the street? [shouting] >> host: you may not be seeing the video but what's clearly present is the evidence of the presence of phones and what a vital part, a central part they were to the trial. they're in new york city, what is the sort of guidance that the police have been getting in handling such situations like this has protests on this matter ? >> i can't claim to be familiar with pacific guidance officers are being given but i can say that generally speaking the covid-19 does a good job of trying to get shootings clear, trying to keep traffic moving and both protesters and the community safe. unfortunately a lot more of these sorts of events are getting out of hand at a higher rate. i think that's largely because of the anger that's been formatted within police critic circles and again, i think that that's largely driven by misperce

york city. sam reportedly during an unidentified liquid at some of the officers. a brawl breaking out after protesters vandalized statues leading into central park with anti-police graffiti and red paint. the uss maine monument. telling fox news they made a base for arrests. charges ranging from mischief to disorderly contact.

new york city today, isn't it just beautiful? just beautiful? ♪ jonathan: it is 7:30 in new york city. for our audience worldwide, good morning. lisa abramowicz and me today. tom keene will be back on monday. i'm jonathan ferro. futures at record highs against a year-over-year number. first quarter net interest income, $2.03 billion. for the wealth management side of the business, net revenue, six point billion dollars cash net revenue, $6.0 billion. -- net revenue, 6.0 billion dollars. the numbers just incredible. morgan stanley saying they are resuming their share buyback program in the first quarter of 2021. another bank delivering some really nice numbers. lisa: i am curious how people are going to try to poke holes in this. the share is up more than 1%. the idea of 64% increase year-over-year, it wasn't like the first quarter was that terrible for the banks, but it just highlights how amazing it has been in 2021. jonathan: it is an upside surprise on morgan stanley numbers this morning. on the capital return program, resuming the share bu

. >> on a windy day, north of new york city. >> this is a magnificent river. >> reporter: john lipscomb helped a certain land luber understand his love of the waterway. he has been patrolling the hudson river for decades, marveling as salt water from the ocean flows up and worrying what is going in every time it rains. >> bottleps,igaretteit. a vl indicr. >>orter: i whathat as a resear samples nearby. >> so we have a lot of these areas where the water just runs straight off, it can carry whatever is on here. so trash but chemicals and things like that. in urban areas where you have a high concentration, definitely something to be worried about. >> reporter: the epa calls polluted run-off one of the greatest threats to clean water. >> marshes are critical to ecosys ecosystems. >> reporter: we were ankle deep in something that you can describe with one word or. >> here i'm seeing a lot of bacteria that we usually only find inside the guts of warm blooded animals like ourselves. when we find them in the water it's an indication that we have sewage contamination. >> what you are telling me,

from new york city this morning, good morning. alongside tom queen -- tom keene, lisa abramowicz, i'm jonathan ferro. we advance .25%. into the bond market, yields higher by five basis points. euro-dollar, firmer, stronger, higher by .3 3%, 120.56 -- 1.2056. this is bloomberg. ♪ >> with the first word news, i am karina mitchell. president biden proposes a capital gain tax almost twice as now. when you added an existing tax on investment income, those earning $1 million or more could pay 43.4%. the president wants to help pay for a raft of social spending to address long-standing inequality. russia is starting to withdraw thousands of troops from the ukrainian border today. ukraine says it welcomes the move and it reduces tension. western leaders: moscow to pull troops back. there were fears conflict would lead to new economic sanctions. it is day two of president biden's virtual climate summit. the goal is to send the message the u.s. is back at spreading the lead. many heads of state taking part had their own message for americ

she grew up in new york city. she's in college here in new york city. this was something she and her friends were worried about, these anti-asian racist attacks or something like that. and again, we don't know what this is as of yet, but she cannot believe it's now her family that's affected. she did not want to, as i mentioned, talk at first, but she was generous and selfless enough in the end to tell us the story because she thought about it and understood the only way we get the good stuff, the good energy to stop this unfortunate negative phenomenon from stopping is by hearing about stories like this. >> all right, richard lui, thanks for joining us. >> next, vice president harris is hours away from speaking with the president of guatemala as a part of her role in addressing the humanitarian crisis on our border and across central america. ayman mohyeldin spoke with the president recently and joins us next. >>> and next hour, a special american voices event. latinos and the covid fight. dr. anthony fauci and congressman raul ruiz answer your covid q

in new york city crime has gone up in several major categories. murders have risen nearly 20% and shooting innocents over 56% so far in 2021 compared to this date in 020. the police union came out yesterday and said, quote: we know these haters don't speak for the community,, but the politicians think they do, and that's the problem. you might remember the new york city council voted to move $1 is billion out of the nypd's budget and move it to education and social services. many people wondering if it's having this kind of an impact. we have reached out to the mayor's office and the nypd for comment, haven't heard back yet. eric: it's no wonder one of the democratic candidates for mayor is calling for refunding the police for new york city. laura ingle with the latest on that, thank you. arthel? arthel: west virginia senator joe manchin delivers a blow to his fellow democrats. why he says he will never vote to abolish the filiburster and what it could mean for president biden's long to-do list. ♪♪ ♪ ♪ (judith) at fisher investments, we do

new york city vaccination sites now accepting walk-ins, no appointment needed. abc's elwyn lopez leading us off from atlanta. >> reporter: tonight, after an 11 day pause, the johnson & johnson vaccine >> i think the benefits outweigh the risks. >> reporter: at least 22 states saying they'll resume the one-dose shots immediately. what would you say to people who are hesitant? >> i would just say look at the facts, trust science. >> reporter: the cdc and the fda recommending j&j's shot come with a warning label of the risk of rare blood clots. so far, 15 blood clot cases verified, but with 8 million shots given, that's about 1 clot per 500,000 vaccines given. experts say things like birth some americansse are exceedu a blood clot than the rare but potentially deadly type from the shot. >> the risk of you having this complication versus the potential risk of getting covid right now certainly is on the side of getting covid. >> reporter: over the past nine days, the average number of daily vaccines administered dropping nearly 16%. and with supply outpacing demand,

new york city? we're going to check in with nyc controller and candidate and former cnbc colleague. >>> and the crypto craze tops 2 trillion we're break down the rally in bitcoin and ether. big show still ahead on squawk in the street. don't go anywhere. all the things, all around you where you learn, work, and fly we help make them healthier. we are the people of abm. for more than 100 years, we've been a leader in making spaces cleaner, from the things you touch to the air you breathe. today, more than 100,000 of us are innovating to ensure spaces are more efficient, healthier and safer. abm. making spaces healthier for you. >>> could billions in new tax hikes bring an exodus of wealthy people from new york city under the new york state budget plan milli millionaires would pay the highest combined state and local tax rate in the country. we are joined by a familiar face to long-time viewers michelle is cnbc's former chief international correspondent. my former colleague for so many years and still

and right here in new york city. you look at the spike in crime. just this past weekend alone friday to sunday, the spike in shootings. there is a record number of police leaving the force of the same time. what happens next. >> we have to understand that we have politicians who just don't care. this is a heartless ideology. they could care less about the deaths. thousands of more black people that were killed this year. children and babies being shot. they don't think about it. i understand that our society, our culture is under attack. the biden blitz. they are coming you all different kind of ways. they want to change who we are and we cannot allow that to happen. those of us who want to have a much better future for our kids, our businesses, freedom of speech and go to church. it's worth fighting right now. the hard socialist marxist left and they want misery. that's how they thrive. they always have been. the opposite of the christian values we've been raised in. >> sandra: that's a big statement. congressman, t

there's another new york city bagel here in chicago. corey: not a new york city bagel. -lemonis: what is it called? -corey: new york bagel. lemonis: oh, i'm sorry, i forgot the "c." -corey: that's correct. -laurie: wait, wait, wait. -corey: the "c." -lemonis: and the likelihood of confusion is zero. do people ever walk in and say to you, "oh, i went to your place in skokie"? -corey: they do. lemonis: do they ever go to that place and say, "i went to your place on dearborn"? -corey: they do. lemonis: great. do they ever put reviews on there and you're like, "that's not us"? -corey: they do. -laurie: right. lemonis: i don't want to spend my money and your money and your money to build the brand in a market that somebody else is gonna draft off. i don't like the generic nature of the current name and its lack of specificity or something special, and i feel like there's some underbelly here to why he's resisting. i still don't understand why corey's disappeared. you had built years and years... -corey: to building the brand. -lemonis: ...of building the brand, and then you

we begin tonight, a fox news alert, minneapolis and other cities, new york city preferring for potential unrest at this hour, this despite a jury finding former police officer derek chauvin guilty on all charges. second-degree murder, third-degree murder, and second degree manslaughter in the horrific death of george floyd. anyone's bail has now been revoked. he is in jail tonight with sentencing to take place eight weeks from now. he is facing the likelihood of decades behind bars. be video evidence in this case, it was substantial, it was overwhelming, and it was appalling. the jury arrived with their verdict less than 24 hours after being handed the case. not a single question asked by the jury to the judge. for 9 minutes and 29 seconds, and then officer chauvin shoved his knee into the neck of george floyd, who was handcuffed and on the ground, and chauvin continued to apply pressure to floyd's neck, as we have discussed on this program, the most vulnerable part of the human anatomy. even after floyd was handcuffed, saying he can't breathe, and fully complying with the police. the cr

from new york city, it is beautiful in new york once again . this is bloomberg. ♪ jon: from new york city to her audience worldwide, good morning. alongside tom keene, lisa abramowicz, i am jonathan ferro. in the equity market, we pull back from record highs. similar story in the nasdaq. no real drama in the equity market. this is what we look like, story of last week. yields coming in by eight basis points. despite having better-than-expected retail sales and higher than anticipated inflation. yield down to basis points from 1.74 from the end of march. the euro dollar up .4%. a stronger euro. we capitulate and we move. goldman looking at 125, up from 121 previously. tom: dxy 91.94. right now on monday, as we look at sport -- the sport of economics is led by michael spence from stanford university. professor spence, thrilled to have you with us. we see a white house looking for wage lift and one of the great thinkings, including what we saw from jamie dimon's letter was the ability to get wage growth in america. how do you get wage growth giv

york city the heart new york city. she talked about thomas moss and it was obviously she was doing something else. she was not only talking about about lynching, but she was humanizing. the people who are gone. she was giving them a humanity that had never been given she was giving them a name a voice describing what they did describing their families. and standing up for them and saying they lived and they mattered and they shouldn't be forgotten and there should be justice for them. and in her first speech which she didn't want to give but gave anyway. through tears. she remembered thomas moss and hayward county historian going to the widow's house betty moss. and seeing two young children maureen and then also thomas jr. who had been born just a few weeks after after his father was killed. and ida wrote about seeing the young daughter go over to the closet. she wrote the baby daughter of thomas too young to express how she misses her father. toddlers over to the wardrobe seizes the legs of her father's letter carrie

a beautiful day in new york city. >> >> the white house dodging questions from fox news on beefing up border security. >> follows the release of the shocking video showing smugglers dropping two young girls, sisters, 3 and 5, over the wall. steve: mark meredith joins us outside the white house with more, we heard from the white house about it. >> reporter: the white house will face more questions about border policies, they are capturing chaos in the states. something to talk about all morning long. they are appearing to drop two girls over a border wall and leaving them in the desert. border patrol said had they not captured this on camera those two girls could have been left alone for hours in terrible conditions and asking they -- everyone paying attention to what is going on. >> we all know the smugglers are ruthless. they to huge exploitation of children and families on this border. >> reporter: fox news tried to ask president biden during his cabinet meeting, keeping comments focused on his $2 trillion spending bill. also the white house was asked if more could be done to ensure

buildings of new york city the time when the population of new york triples from one and a half million to four and a half or five million people in the span of a single generation. it's the time when an airplane first buzzes over. the new york harbor with wilbur wright at the controls. the time of the first automobile traffic jam on upper west side. and on a night in september 1909 the first time that the city was illuminated with electric lights from the battery all the way up to the top of manhattan island and the bridges across the east river none of them older than 25 years old. or lit up. as if by diamonds in the night and people who as children had read by whale oil lamps. could now see the city glittering in the night and so you wouldn't be surprised to find out that this was a time of enormous optimism. sense of possibility and of progress a sense that the way the world had been for generation after generation did not have to be the way it was forever. and that's the framework in which i tell the story of. a terrible catastrophic fire in the heart of greenwich village just off

i grew up in new york city. i am a big new york city fan. i just think you guys are being too negative about new york. i would bet big on new york's resurgence. from what i hear from commercial real estate people, they say they see about a 20% reduction right now. they see prices being cut. the question is whether or not workers really want to come back? a lot of people prefer this lifestyle. but in terms of residential real estate, they say it is a hot markets. some prices are a little lower. people who now could not afford property are moving. they believe in new york. i believe nork is a center of finance, fashion, media. i just don't see why you would bet against new york. so far it's not going to be a light switch several angry people are going to come back there's an energy and creativity to the city. this mayor is done is the very best to squash that and make an environment where the most creative people in the world are not attracted to this place unfortunately. i do share your optimism. i think there's something about new york that

new york city opening up july 1. thank you very much. really appreciate it. look forward to it. >> thank you. >> and still ahead, chairman of the democratic congressional campaign committee sean patrick maloney joins us on the heels of president biden's speech last night. "morning joe" is coming right back. night. "morning joe" is coming right back during photosynthesis, plants convert solar energy into chemical energy, cleaning the oxygen we breathe. plants clean the air. when applied to stained textiles, plant-based surfactants like the ones in seventh generation detergent trap stains at the molecular level and flush them away. plant-based detergents clean your clothes. it's just science! just... science. seventh generation. powered by plants. tackles stains. my plaque psoriasis... ...the itching ...the burning. the stinging. my skin was no longer mine. my psoriatic arthritis, made my joints stiff, swollen... painful. emerge tremfyant™. with tremfya®, adults with moderate to severe plaque psoriasis... ...can unc

the heat in new york city? just a blaze of summer. three different people talking about three different things. three anchors talking about three different things at the same time. tom: all listening to each other. jonathon: this is bloomberg. ♪ ritika: with the first word news, i am ritika gupta. president biden has claims that america is on the move again. he planned a tax hike on the wealthy to pay for plans to spend trillions on education and childcare and other democratic priorities. the president said his proposal would be a jobs maker, especially for those without college degrees, people who largely supported donald trump. legal experts say that federal groups will be on the cusp of bringing charges to rudy giuliani. this has been a long-running investigation into his working ukraine including attempts to bring josh to dig up dirt on june josh joe biden. shares of facebook rising. 48% at the social network. there was strong demand from other advertisers want sting -- wanting to grab attention from users. the average price ros

you were born in new york city? leonard: absolutely. 1973. david: your mother is estee lauder, but that was not her name when she was born. her first name was not estee and her last name was not lauder. so how did that name come about? leonard: she was josephine esther lauter, and her mother was hungarian. they called her esty, and she liked that better than josephine. david: when you were growing up, were you in a wealthy family at the time? leonard: we were very, very poor. remember, this was the depression. my father has had a very successful business importing silk. now, silk did not do too well during the depression. so he -- his company had to close down, and my mother had always had ambitions to either be an actress or to make people beautiful. and i have a late friend who had been a high school classmate of hers said she was always combing out her girlfriends' hair and making them look pretty. she loved doing that, and that became her avocation and vocation. david: ok, now when you are talking about your youth in new york city, you do

from new york city, good morning. the week is not over yet. jp morgan numbers coming in about an hour. a look into the fed's next meeting. a bid date -- a debate potentially around tapering in the future. i find it fascinating we are already there. up on the first quarter after a couple of weeks of data, we are already having this discussion. i find that unreal. yields unchanged after a big rally this week. in the equity market, all-time highs on the s&p 500. from new york, this is bloomberg. ♪ ritika: there was a mass shooting last night at a fedex facility in indianapolis. eight people were killed and four others were wounded. authorities say the shooter killed himself. it is located near the indianapolis airport. it is not clear if the shooter worked there. in china, there has never been an economic rebound like this. gdp road -- gdp rose a record percentage. china's economy has improved slightly from the first quarter of 2020. consumer spending lacked during the early stages of recovery picked up in the first quarter. in hong kong, jimmy