go> on the bloomberg terminal. after one of the largest downside misses on record this friday as u.s. jobs are part will tell investors if the labor supply crunch was a one-off or something we are going to have to live with months,. it is an extremely important report and i will probably repeat that throughout the day as well, throughout the week, you can bet. later on, china's made factory pmi numbers adding to concerns the recovery momentum in manufacturing might be peaking. we will dig into the details of the latest data. this is bloomberg. ♪ ♪ matt: welcome back to the european market open. we are 51 minutes away from the start of cash equity trading. there's going to be very light trading all day today as it is a holiday in the u.k., a bank holiday have some sort, a made up one i guess. and memorial day the u.s., a real holiday, and we hope everybody is feeling some peace on this memorial day. let's get the bloomberg first word news with laura wright. laura: president joe biden is pledging to raise the iss

this is bloomberg. ♪ matt: this is "bloomberg markets." i am matt miller. let's turn to our weekly segment on the new economy where we examine how global leaders are trying to solve the world's biggest challenges. china is defending its latest census which shows population growth is at the slowest pace in decades. the data has huge implications for the economy of the chinese and the global economy. we are joined for more from andy brown. he is a bloomberg new economy editorial director. how is this happening, as you and i were talking about during the commercial break, they expanded their one child policy to a two child policy five or six years ago. they stuck to that. are they going to let it go? andy: likely not. letting it go, letting people have three babies or more, is basically to admit that the policy was wrong. and as you know, the communist party of china is infallible. they don't want to admit it but in hat -- in fact, the whole population policy was a huge mistake from the get go. it did not need to happen. the population would have come down any

gregory flynn joining balance of power with david westin on bloomberg television and bloomberg radio. i'll be going over to the table in london on dab digital radio. we will certainly be working through all of the political develop its we are seeing in the u.k. this afternoon. a lot of pressure on boris johnson. kailey leinz, the long almost here bank. kailey: you are alone on the cable show because alix steel has an extra long weekend, but at least we did our three days in the u.s. and the u.k.. guy: well deserved by everybody. is this going to be a moment of reset? enjoy the weekend. this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we start with a check on the markets. joining us is abigail doolittle. a little green inequities. it is friday before a long weekend. abigail: it feels that way. a cruise control rally, not just for stocks. we have stocks up, we have bonds up slightly,

this is bloomberg. shery: still ahead, alibaba posts its first quarterly loss in nine years after paying a record find to beijing. we will assess if the regulators are firmly in the rearview mirror. plus, a big interview with airbnb after bookings beat estimates in the last quarter. ceo brian chesky joins later. this is bloomberg. ♪ haidi: shares of alibaba slumped more than 6% in new york after posing -- after posting its first loss in nine years. our chief north asia correspondent is looking at all the results. what jumped out at you in this release? >> the revenue projections and the revenue numbers came in better than expected. that was good, but it was not enough to assuage concern i investors who did sell the shares off in new york. this is the first net loss since 2012. they had the $2.8 billion fine from the anti-monopoly regulators. a lot of speculation ahead of these numbers. this is the narrative that executives wanted to portray. ok, we are going to take this charge in the first quarter an

this is bloomberg. ♪ matt: this is bloomberg markets. i am matt miller. let's get a quick check for what is going on in the markets. we are seeing the s&p rise a bit. the 10 year yield, there is a law further down, four basis points further from what it was yesterday morning. the dollar index gaining ground, prude at 65.92. interesting to hear -- crude at 65.92. interesting to hear these senators about financing the oil business and whether or not we should be using fossil fuel in 20 years. not will we be using fossil fuels in 20 years, but should we be using fossil in 20 years. we are joined by wheeling global advisor chairman chris whalen, one of the most influential banking analysts on the street. let me get your take first on these hearings. typically there is a lot of theater involved. do you think anything of substance came out of this today? chris: not really. i got to listen to most of the comments and some of the questions, and it is all just a bouquet in washington. it is more bizarre and more extreme than we have seen in past

this is bloomberg. ♪ guy: this is "bloomberg markets ." guy johnson in london, kailey leinz in new york. about three and a half thousand miles from me to you. talking about the idea you could go from l.a. to tokyo in about an hour. this company called the next -- venus, it is basically a hypersonic aircraft, you take off regularly, shoot up and then kind of balance across the atmosphere and glide down. it sounds fantastic. kailey: you make it sound straightforward. guy: it sounds really straightforward. sounds like alix steel's nightmare journey. kailey: kind of mine, too. i did not even like regular airplanes much, and i not super down with space travel -- personally, it captures the imagination, all that kind of stuff. however, i am an avid traveler -- i would like to go to australia, southeast asia, and in theory, from new york, you need about two weeks to do that trip because it take so long to get there. so if it takes an hour, maybe that is enticing, even if i am terrified the entire time. guy: do you think you will get to ireland? k

this is bloomberg. ♪ ritika: this is "bloomberg markets." i'm ritika gupta, live in the principal room. coming up, anjali sud, vimeo ceo. ♪ let's check in on the bloomberg first word news. i'm ritika gupta. the first face-to-face meeting between president biden and russian president vladimir putin is expected to take place on june 16 in geneva, switzerland. white house press secretary jen psaki says the leaders will discuss "full range of pressing issues as we seek to restore pretty debility and stability to the u.s./russia relationship." secretary of state antony blinken kicked off a middle east diplomat admission today with a pledge to help reconstruction efforts in gaza. speaking in jerusalem alongside benjamin netanyahu, blinken said he would specify an aid package to telecine ends. he vowed the u.s. would ensure to palestinians -- to palestinians. he vowed to the u.s. would ensure that hamas do not benefit from the aid. there was a shakeup in the bloomberg covid resilience ranking. singapore fell with other asian economies. the u.s. a

anna: welcome back "bloomberg to the "bloomberg market: european open." here the headlines. big changes for big oil. shout, mobile and chevron could see a push towards a greener future. cryptocurrencies in a big way. more from that conversation. seconds away from the start of the trading session. where a little closer to the start of trading day. we were kind of flat yesterday but we are seeing u.s. futures deteriorate. nasdaq futures are down. without we would see a little bit of weakness in the german market, we are seeing that equity market getting up and running now. the london market has opened and it is fairly flat. we will get to a conversation around fx and the role they are playing. we also saw a little bit of a boost of sentiment on trade policy, inflation is still a preoccupation. markets are down. we are making modest losses across the european equity market. the trade narrative is helping to boost some chinese stocks. once a are tied to a broader reopening. the federal reserve would boom as expected, the dollar is holding onto games. joining us now is ulrich leu

this is bloomberg. ♪ annmarie: "bloomberg markets this is -- this is "bloomberg markets." i'm annmarie hordern. you are looking at the ends of a room -- the principal room. this is bloomberg. good morning. the oecd boosted its forecast for global growth this morning to five point 8% from 5.6%, but warning that the post-pandemic rebound will fuel inequality in a k-shaped recovery. bloomberg's matt miller spoke with the oecd secretary-general bout the pace of that recovery. take a listen. >> we feel it is pretty solid, pretty robust, but it depends crucially on whether we can keep up the rhythm of vaccination. it is vaccination, vaccination, vaccination. that is going to define how robust the recovery is. the other question is is it going to be vaccination only for the wealthiest countries, or are we going to generalize it? we need a very important effort to be able to get vaccines into the arms of people in the living and emerging economies. without that, we won't be able to say that we have overcome the crisis. matt: the wealthiest countries are going to be looking at 60%,

this is bloomberg. ♪ matt: this is bloomberg markets. i am matt miller. the move from working at home back to the office is starting to pick up steam. goldman sachs has a plan for u.s. and u.k. employees to return next month while vanguard is pursuing a hybrid plan that would keep workers remote mondays and fridays. jp morgan wants to bring workers back in july. these announcements are coming fast and the dates coming soon. for more, let's bring in peter coy, economics editor for businessweek. you wrote a story on a return to the office being a chance for a fresh start, talking about a book like katie milkmen. why could this be a fresh start? peter: she is a professor at wharton. the book is on how to change the science of getting from where you are to where you want to be. she says when we get a fresh start -- our lives our chapters. that's how we think of them. our cartilage years -- our college years and so on. we got through the pandemic here. and we hope that the pandemic year is winding down now, so when that happens, when you end one chapter and st

this is bloomberg. ♪ is bloomberg. ♪ vonnie: this is "daybreak: asia." i am. -- vonnie quinn. the group issued a list of grievances including over taiwan and beijing's treatment of uighurs. the chinese foreign ministry urged western nations to stop interfering in other country's national effect -- national affairs. beijing halted an economic dialogue with camera and blasted new zealand over accusations of human rights abuses. the u.s. is boosting security assistance to ukraine to help counter what it calls russia's aggressive and destabilizing actions. secretary of state's's antony blinken met with ukraine president and called on moscow to end attempts to force troops to ukraine's border. blinken says the tripped served as a u.s. commitment to its partnership with ukraine. the pentagon says the fall of the u.s.-backed government is in place in afghanistan and it is now inevitable when american stroop -- american troops withdraw. while a resurgence to the taliban is not a foregone conclusion, the u.s

guy: our thanks as well to bloomberg's at hammond. -- bloomberg's ed hammond. bitcoin continues to take a tumble. more volatility. alix: this is going to be interesting to watch. china reiterated a call for crack on bitcoin mining and regulation. bitcoin taking a nosedive. the nasdaq 100 rows over. the nasdaq looking to roll over also. interesting. usually it is a friday buy into the weekend. you have to wonder what pressure we are going to see on these headlines, considering what happened on tuesday. guy: musk, china, tax. it is turning out to be a tough week for bitcoin for the weekend. i am not sure bitcoin has a weekend, though. alix: very true. guy: let's talk about what we've got coming up. into commodities, rising crop prices very much boosting demand for farm machinery. we are going to talk tractors next. your pop results out today. looking forward to that conversation. alix: you're looking at a live shot of the bloomberg businessweek event, where we are speaking to the anheuser-busch ceo. this is bloomberg. >> the recovery is taking place, but also how

this is bloomberg. haslinda: still ahead, japan's economic recovery stalls, new restrictions to contain the coronavirus. we discussed the major data and outlook with fujitsu. yvonne: up next, as covid infections surge in taiwan, we speak to the official at the forefront of the islands response last year and sars back in 2003. this is bloomberg. ♪ yvonne: taiwan was a global success story during the pandemic, but now it faces hundreds of untraceable infections. take a look at this chart. more than 300 cases yesterday, record numbers. let's bring in our guest, the former vice president who also served as the health minister during the sars crisis, he was tasked with managing and performing the response. a pleasure to have you on the program. we mentioned about taiwan being one of those success stories to balla covid up until now. tell us what you think went wrong here. guest: i think this time with a highly infectious virus and variant. at the very beginning the virus spread from other countries to taiw

this is bloomberg. ♪ ♪ ritika: let's check in on the bloomberg first word news. president biden preparing for his first face-to-face meeting with republican leaders mitch mcconnell and kevin mccarthy. this meeting comes as republicans are ramping up opposition to the president's $4 trillion economic plan. there's not much expectation for a breakthrough at the meeting. last week, mcconnell said he's 100% focused on blocking biden's agenda. california governor gavin newsom plans $100 billion economic recovery package, and the centerpiece will be a proposal to give $11.9 billion of direct cash payments to californians. two out of three residents would receive the checks of at least $600. families and kids would get an additional $500. the stick collected more than expected in texas from its rail theist -- from its wealthiest -- its wealthiest is that it's. the easing of restrictions in the u.k. will go ahead as planned. last week, the government said limited international travel will also resume. global news 24 hours a day, on air and on bloomberg quicktake, powered

bloomberg's mike mckee. this is bloomberg. ♪ ritika: it's time for the bloomberg business flash, a look at some of the biggest disney stories in the news right now -- based business stories in the news right now. more legal trouble from amazon. attorneys general join the list of officials looking at the online retail giant for potential antitrust violations. the list already included several states and the federal trade commission. amazon is accused of using its market power to crush rivals and vie for business against third-party merchants. best buy is boosting its sales forecast after revenues soared in the quarter. the electronic retailer was fueled by what it says is extreme nearly high demand for its product. best buy says it now sees companywide comparable sales rising between 3% and 6%. -- and 6% this fiscal year after previously forecasting something between a 2% decline and 1% gain. exxon mobil's ceo darren woods has been dealt a stunning defeat by shareholders. a tiny activist investment firm sna

this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." half an hour until the start of cash equities trading in europe. 30 minutes to go until the start of the equity session. you have been thinking about central bank balance sheets. we heard from the fed this week, minutes at their last meeting. in terms of the central bank balance sheets story, it is one we have been watching closely. you see some signs of divergence between what's going on with asian central banks and those in other parts of the world. what's the story? mark: that's right. a little bit uninspired by the short-term price action today. i like taking a step back and looking at those longer-term drivers. the big driver since the great financial crisis 13 years ago is central-bank action, central banks pumping liquidity into the system. what we are seeing since the pandemic last year is a real kind of shift in terms of the ecb and fed have just been extraordinarily more aggressive than what we are seeing from the boj and pboc. they are so much bigger than any central bank i

this is bloomberg. ♪ haslinda: welcome back. even as the outlook for the economies brightens, the glass is half empty for jay powell. bloomberg's global economics and policy editor, kathleen hays, has more. what were some of the key takeaways? kathleen: it's clear that what jay powell wants us to realize is that the fed's new framework, its new approach to hoping inflation will rise and go about 2%, wanting too full employment is not just a number like you are just at 6%. it's about the numbers of workers, many of them black, hispanics, women, who are in the services, face-to-face jobs, the lower income workers were still out of work or not working at full capacity and as he keeps noting, workers who can least afford it have been hardest hit by the pandemic. i will show you a terminal part that shows more than 8 million workers still unemployed. jay powell and many fed officials mentioned that all the time as to why they are not thinking about any kind of policy changes. he noted that 20% of the workers in the lowest wages still

this is bloomberg. ♪ anna: welcome back to "bloomberg markets: european open." european equity markets making gains. some of that is a legacy story from yesterday as the german market and swiss market play catch up. we have some m&a from germany we are factoring in. the ftse 100 a little flatter, struggling a little bit. if we move onto the breakdown, some of the negativity this morning from the insurance sector, the media sector and telecoms. european equity markets are in positive territory, and sectors are positive. to the upside we see real estate at the top, up 1.4%. the acquiring company down by 5.5%. that weakness not enough tower way the movement to the upside. -- not enough to outweigh the movement to the upside. a strong session yesterday on wall street. laura: eu leaders are vowing sanctions on belarus and a flight blockade on the country after the forced landing of orion air jet and the arrest of a dissident journalist. they are looking at belarusian officials to be added to a blacklist, and looking at broader measures to target businesses and entire

time for "bloomberg marketsthis is bloomberg. ♪ >> welcome to bloomberg markets china open. david: good morning. counting down to the open of trade in the chinese mainland. let's get to your top stories. china taking its most significant step yet to curb the strength in the currency. the pboc forcing banks to raise fx reserves for tht

this is bloomberg. matt? matt: laura white -- laura wright in london. let's get the events you should be watching this week. jot these down. a high-stakes trial between epic games and apple starts later today. the maker of fortnite is bringing an antitrust fight over app store charges for developers. on tuesday, the reserve bank of australia publishes his latest rate decision and is expected to keep policy unchanged. on wednesday, uber reports its first-quarter results. we will see how the reopening trade should look. and on thursday, the bank of a -- the bank of england rate decision is expected. coming up, we will look at your stocks to watch including siemens healthineers, medical tech spinoff list its guidance on strong sales of covid tests. this is bloomberg. ♪♪ matt: welcome back the european open. we are seven minutes away from the start of cash equities trading and we are looking at places where markets are open or will trade because it is the may day holiday. green arrows on your screen. dani: in

this is bloomberg. ♪ this is bloomberg. ♪ matt: this is "bloomberg markets," i am matt miller. amusement park operator cedar fire reported earnings today after have for -- having no operating days in the first quarter due to the pandemic. clearly it was difficult. joining us to discuss the optimism ahead in reopening is the cedar fair president and ceo, richard zimmerman. thank you for joining us. i grew up sailing boats out of cedar point, so writing the gemini, the corkscrew was always the highlight of my summer. then, when we could get down to kings island in cincinnati, that was an absolute dream. are these parks going to reopen and get back to full capacity anytime soon? richard: first, great took be with you -- great to be with you. as we set on our call, we are looking to reopening all of our places in the month of may. all of our associates, it's great to have guests to come through. in 2020, we missed the pandemic where we had 10 properties open in some form or fashion. we and stayed -- we stayed engaged with our customers. questions about growing up really pointed to

this is bloomberg. ♪ mark: i am mark crumpton with bloomberg word news. senate minority leader mitch mcconnell opposes the democrats plan to have a commission investigating the january 6 riot, casting doubt about whether congress can agree on the insurrection. after saying he was undecided to establish a commission, mcconnell said today that it was imbalanced. they are set to vote today. boris johnson is enforcing the uk's stance on travel. speaking in the house of commons, the prime minister said people will need to follow the guidelines when making travel plans. >> you should not be leaving except for an extreme circumstance such as serious illness of a family member. you should not going out of the country on holiday. if you do go to an amber list country, we will enforce the 10 day quarantine period, and if you break the rules, you face substantial fines. mark: health officials say at least 70% of u.k. adult have received one dose of a covid vaccine and 40% are fully vaccinated. texas governor greg abbott has signed a new strict abortion measure into

this is bloomberg. haidi: still ahead, james hardie industries ceo jack truong joins us later in the show. investors are still unhappy with the forecast. next, we are going to be hearing from south korea on the debate on whether the country's women should be subject to military military service. this is bloomberg. ♪ ♪ shery: taking a look at u.s. retailers, walmart shares jumped after posting strong quarterly sales growth and boosting profit outlook. impressive given it faced tough comparatives with last year. home depot showed continued sales growth on top of the pandemic-induced home improvement boom. and macy's delivered solid profits that defied expectations and raised their earnings forecast for the year as a reopening economy helped drive shoppers back to malls. our next guest says despite them having a strong season, the rise in e-commerce will continue. scott crowe is chief investment strategist. great to have you with us. how should investors be playing this in the markets? are we talking a

this is bloomberg. ♪ ritika: this is "bloomberg markets." kim janie, city of boston interim mayor, coming up. this is bloomberg. ♪ let's check in on the bloomberg first word news now. i'm ritika gupta. more fallout from the shutdown of north america's largest petroleum pipeline. gas stations along the east coast are starting to run out of fuel. they expect to substantially restore service by the weekend. that may not come fast enough to avert immediate shortages in the southeastern u.s. the showdown over jerusalem has turned into one of the most intense confrontations in years between israel and the palestinians. ministers in the hamas-ruled gaza strip fired missiles last night, and israel responded by pounding their facilities. in the u.k., a milestone that highlights the effectiveness of the country's vaccine program. sunday was the first day without any recorded deaths in england since the pandemic took hold. vaccination is now allowing england to reopen its economy. global news 24 hours a day, on air and on bloomberg quicktake, powered

this is bloomberg. ♪ alix: this is "bloomberg markets ." it feels like the market is kind of calm, but the dollar is not. looking at the bloomberg dollar index now. still down 0.4%. you are looking at potentially a three year low for the dollar in that index. guy: there's definitely a flows story here, and what is happening with european equities. european equities nearly touched a fresh record high, just north of there on the stoxx 600. there's definitely a flow argument. you look at the bank of america fund managers survey today, a pretty crowded trade judging by that study, and it will be certainly something people watch to see if it continues. alix: we have been talking about the fund managers survey for bank of america all morning. bitcoin is the crowded trade, but there's no more flows into european equities then emerging markets, so that is something, too. that is a big shift. guy: the narrative has changed relatively quickly. i remove are talking about this on the days it suddenly started to happen. you started to see the vaccinatio

this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." 10 minutes into our european trading session and as expected, we see weakness across the european equity market space. stocks in europe down by 1.4%, no sectors in positive territory. there is a focus on tech, also a focus on some individual stocks and what that is doing. travel and leisure very much under pressure today but a lot of that has to do with evolution gimmick, although there is also -- gaming, although there is a broader selloff and some of those names as well. dani: diving into the tech sector, it was the second worst performing sector today. it is a lot of the chips, semi conductors not doing well. ams, no individual corporate story here, but rather, the wider tech selloff, the wider highly valued selloff hitting shares today. you also mentioned that travel and leisure, another sector, really the worst performing sector today. iag does have its on idiosyncratic story to add into that broader tension. they are offering an 800 million euro offering of convertible bonds. wi

this is bloomberg. ♪ matt: this is "bloomberg markets," i'm matt miller. companies are seeing 3d printing as a technology that is more than a prototyping tool. it could be the answer to a lot of the big bottlenecks facing businesses today. joining us to talk about it is ric fulop, chairman, ceo, and cofounder of the 3d printing company, desktop metal. earnings out of the way first, looks like the market was not prepared for your operating loss forecast for this year. the shares sold off at more than 10%. why, why do you think traders, investors were taken by surprise? ric: we beat revenue margins closely and it has recovered since then. it was probably a misunderstanding of folks with the new treatment on warrants that were a legacy from going public. i think it's a non-cash event that gets reversed to the quarter and i think that's, you know, pretty much a non-cash event. matt: it does look like you are right. we can see it on the screen, this is a two day shot, not quite as helpful, the stock, up 1%. it looks like investors have reassessed the situation

bloomberg's kriti gupta. from the jokes surrounding dogecoin and tesla, elon musk tweeting the company did not sell their bitcoin stock. leading many to question how serious he is about crypto. the ceo spoke earlier with bloomberg about crypto volatility. take a listen. >> bitcoin will be between 40 and 55,000 for the next chapter before a kind of builds up enough new momentum to take out the 55,000 and in the year much higher. >> how concerned are you about the short term volatility from elon musk? >> elon musk is an important figure in american business. certainly in the global retail world he is a bit of an icon. he was great for crypto when he was positive for bitcoin. he had caused some issues. i think if you teach -- take elon at face value, what he said was he worried that bitcoin gets more and more electricity, it could have a negative impact on -- that is true for every industry. so i think you will see a response from this industry like you should see a response from every industry to say, in this g

this is bloomberg. ♪ haslinda: still ahead on bloomberg markets: asia, i will look at crypto trading in china and we will speak with, the sean founder, justin sun. rishaad: and talking with propertyguru ceo hari krishnan about the company's plan to acquire rea group. this is bloomberg. ♪ >> welcome back. singapore real estate startup propertyguru has agreed to acquire all the shares in australia's rea group operating entities in malaysia as well as thailand. it is a majority owned by rupert murdoch's news core empire. for more on the deal, we are joined by hari krishnan. good to have you with us. is this about expanding the business before the expected ipo or spac? hair: thank you for having me. we are delighted to announce the acquisition of assets from rea group. we have looked at this as a way to invest in very attractive assets in that part of the world. these are truly transformative to the group and we are very excited about the prospects they bring to our group. haslinda: how is this transfor

heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." ♪ ritika: with the first word news, i'm ritika gupta. southeastern states suffering the most from gasoline shortages will start to get some relief this weekend. the nation's largest fuel pipeline has resumed operation after a cyber attack. fuel started flowing yesterday afternoon, but a fleet of tanker trucks is needed to transport it from gasoline terminals to retail stations. fighting between israel and the gaza strip militants is spilling over into clashes inside israel. violence involving arabs and jews has spread across the country. people at synagogues, businesses, and vehicles have been attacked. border police were called up to reinforce police in mixed arab/jewish towns. donald trump's king making plans could hurt republicans' congressional hopes year. the former president hopes to endorse many candidates in races and read and primaries and solidly gop districts -- in republican primaries and solidly gop districts. they could energize democratic candidates. jp morgan is pledging a 35% cut in car

this is bloomberg. ♪ emily: welcome back "bloomberg technology." a quick recap on the markets with ed ludlow in san francisco. you have zero debt on bitcoin. a fresh tweet from elon musk. ed: he is saying, i strongly believe in crypto but it cannot drive a massive increase in fossil fuel use. it has been a roller coaster ride for the cryptocurrency. it all starts in that yellow circle when elon musk tweeted that tesla will suspend use of bitcoin as a means of payment for its vehicles. they disclosed that not only get the company they invested and it but they would accept bitcoin as payment for its cars. we pared some of those losses back. in the last hour, he seems to be walking back his support, saying yes, i do believe in cryptocurrencies. this bar chart puts it in context. there is as much energy being used to mine bitcoin as there is being used by entire countries. if you look at that video on your screen comedy mission statement at tesla has always been to advance the transition to sustainable energy. he is the head of a company that does sola

this is bloomberg. ♪ ♪ emily: welcome back to bloomberg technology. i'm emily chang in san francisco. let's get a quick recap on the markets with ed ludlow in san francisco. you have zeroed in on bitcoin, and of course, a fresh tweet from elon musk. ed: he is saying, i strongly believe in crypto but it cannot drive a massive increase in fossil fuel use. come with me into my bloomberg terminal, it has been a roller coaster ride for the cryptocurrency over the last 24 hours. it all started in that yellow circle, when elon musk tweeted that tesla will suspend use of bitcoin as a means of payment for its vehicles. remember, in the last quarter, it disclosed that not only is a company had it invested in bitcoin, but it would accept bitcoin as payment for its cars. bitcoin falls down to $46,000. we pared some of those losses back. and then, in the last hour, he seems to be walking back his support, saying yes, i do believe in cryptocurrencies. we have this fantastic bar chart that puts this in context, if you flip the boards. there is as much energy being u

we speak to the cfo right here on bloomberg. erg. manus: it is bloomberg "daybreak: europe" with me, manus cranny, in dubai. the numbers are in for siemens. strong sales of the coronavirus testing equipment drove the company's quarterly revenue up by nearly 4 billion euros. the medical tech firm is also issuing guidance for the full year. joining me is siemens' cfo. a very good day to you. you have raised the guidance. i see the diagnostics have done very well. you are raising your guidance by 14% to 17% in terms of comparable sales. that is up from 8% to 12%. is it a conservative guidance uplift, or can we expect a serious real rating again as the year progresses? good morning. guest: good morning. thank you very much for the question. the raise of the guidance on the top line is 5% to 6% respectively. about 6% of this raise is due to antigen testing. we had initially a guidance that assumed 360 million euros of antigen tests. now we expect 750 million euros worth of revenue from antigen testing. we are also very satisfied with our

this is bloomberg. haidi: still ahead, we hear exclusively about investing in tech in taiwan. generation next is later this hour. before that, we preview china pmi figures, more for the busy week ahead with an oxford economic employee. that is up next. this is bloomberg. ♪ shery: the latest gauge of china's economy later with manufacturing emi expecting to show the recovery continuing. let's cross to tom mackenzie in beijing. how resilient are we expecting those pmi numbers to be? tom: there is resilience. manufacturing is expected to slow by a smidge from the numbers we saw in april. they say, ultimately the momentum in china is slowing. overall, the surveys suggest it will be in line. lumber is a bit of an outlier in terms of their analysis, but broadly the survey suggests 51.1% for the month of may. bloomberg economics pointing to a couple of factors. holidays in may may prove a bit of a drag on the overall manufacturing pmi number. the other factor in the downstream are the elevated commodity pric

bloomberg's mark gurman, thank you for your help. coming up, like many tech companies, salesforce is preparing for the return to the office after some of its employees were stepping fully inside the building for the very first time. we are going to hear from salesforce copresident and coo brett taylor, next. this is bloomberg. ♪ emily: when it comes to working from the office and working from home, companies are taking different approaches. monday, jp morgan reopened its offices across the states. tech companies seem to be all over the map when it comes to the directions they will take. some companies like jp morgan are preparing for companies to return to campuses, others say they can continue working from home. others are figuring it out later. as part of our segment, i caught up with salesforce copresident and chief operating officer to talk about what the future of work would look like. bret: i think the future of the work is flexible. whether you are trying to find a lower-cost place to live outside of his city, or your parent

this is "bloomberg technology." coming up in the next hour, president biden takes a tour of electric vehicle manufacturing at a ford plant. central to both u.s. infrastructure and america's chipmaking strategy. we will talk to the woman leading the administration's fight against climate change, white house national climate advisor, gina mccarthy. plus, get out your popcorn. amazon is said to be talking about buying movie studio mgm for $9 billion. we will have the juicy plot line in the company's." effort to bolster its streaming services. and helping artists generate audiences and revenue. pandora co-founder newest venture, it is a music only live performance platform. we will have more on that plus his outlook on the future of music streaming between apple, spotify, and more. those conversations in a moment. u.s. stocks ending down tuesday as make it tech shares turned negative. ed ludlow has the full picture. ed: a real change of direction toward the end of tuesday session. we started brightly with tech stocks le

this is bloomberg. haidi: still had, metals rally rolls on as copper and iron ore hover near records. that has dan hynes raising his price target. shery: plus colonial finally restarts their pipeline after the hack, but the supply chain will not fully reopen for days. this is bloomberg. ♪ s is bloomberg. ♪ shery: the biggest gasoline pipeline in america's returning to service after recovering from a cyber terror -- haidi: let's get more from houston. is everything back to normal now? >> no no no. several days. there will be interruptions of service even as they bring it back. some folks will get their fuel fairly soon but is not an on/off switch. it will be a process taking a while. shery: gasoline stations have been running dry. jeffrey: that's correct. two thirds of stations in atlanta are dry without fuel of any kind. two thirds in north carolina. similar numbers and other parts of georgia and virginia. d.c. and maryland also picking up more averages today. shery: we were trying to figure out if

this is bloomberg. let's check in on the bloomberg first word news. the first face-to-face meeting between president biden and vladimir putin is expected to take place on june 16 in geneva, switzerland. white house press secretary jen psaki says the leaders will discuss the full range of pressing issues as they seek to restore predictability and stability to the u.s.-russia relationship. backed by the u.s., the eu leaders are moving to impose new sanctions on belarus over the forced landing of a ryanair holdings jet in the arrest of a dissident colonel asked. the you called on the belarus -- the eu called on the belarus president to release the journalist and investigate the incident. resident biden called the incident a direct affront to international law. antony blinken began a middle east diplomat effort with a pledge to help reconstruction efforts in gaza. he spoke in jerusalem alongside benjamin netanyahu. antony blinken says he will -- he said the u.s. will ensure hamas will not benefit from the rebuilding effort. global news 24 hours a day, on

this is bloomberg. mark, anna. anna: let's get back to friday's dismal jobs numbers. the bloomberg dollar index slumped to a 10 week low after the jobs report missed all estimates. payrolls rose only 266,000. here are some of the reactions to those numbers. >> i believe we will reach full employment next year but these numbers show we are not yet finished. >> for all those people saying that the fed needs to ease quantitative easing, today's jobs report says we still have a long way to go. >> we are seeing positive signs as we continue to move forward. >> the labor market can only recover so much as we address the full scope of the public health crisis. >> the scale of the numbers we are looking at, the gross inflows and outflows are unprecedented. >> is it demand or supply? >> we are still seeing stronger growth in sectors that were not necessarily where the job losses initially were. anna: joining us now is jeffrey sacks. a very good morning to you. i know this is your focus but the global backdrop, w

this is bloomberg. ♪ this is bloomberg. ♪ wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. announcer: this is "bloomberg technology" with emily chang. ♪ emily: i am emily chang in san francisco. this is "bloomberg technology." president biden chose cleveland to deliver a speech on the economy and his $1.9

this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." 20 minutes to go until the start of trading for europe. european equity market futures point to the downside. what should we be watching for this week? i know we have some auctions coming up, which given the conversation, we spent a lot of time on 10 year yields in the last half of the program, you have to wonder about this price. mark: i think 10 year yields are going to go a lot higher, the curve is going to steepen a lot. i wrote a piece that we are going to see much higher long and yields. the reaction out of asian investors, based on a small sample base, is the idea that they're looking to kind of buy this dip in treasuries. they are looking appealingly at those higher yields as a chance to jump in. this is particularly important for an auction. at a chance for big investors to take down a big chunk of liquidity without disrupting the market. if they are excited by the yield, they certainly bid very aggressively. at the 30 year option, based on where yields are now, it will be th

this is bloomberg. ♪ yousef: this is bloomberg: daybreak europe. oil is edging higher on strengthening demand as economies emerge from pandemic restrictions. but the market remains focused on opec-plus's upcoming meeting, in which oil-producing nations will discuss how fast to increase supply with virus resurgent in many countries. joining us now is paul lots, bloomberg energy reporter in dubai. we understand it is going to be about color commentary around when we might get iranian barrels back on the market and what they are likely to do. what are you hearing from your sources? paul: yes, iran is going to loom large over tomorrow's opec-plus meeting. the cartel is waiting on the talks in vienna to see what happens. watching them very keenly. many members of the group, including saudi arabia, seem to have accepted the idea that we will see more uranian oral -- iranian oil barrels. all that depends on how quickly the u.s. decides to ease sanctions. but we could be seeing anything from an extra half a million barrels a day to one million barrels a da

this is bloomberg. ♪ >> welcome to "bloomberg daybreak: asia". >> asia's major markets have open. top stories, japan and chinese mainland, the holidays, in tech shares weighing on yours markets. >> the boston fed president spoke recently, saying more time is needed to assess the recovery. and, showing promise against vera lent covid -- covid variants, but there are new strains out of india. let's take a look at stocks this morning. sophie: stops to the upside, higher on the nikkei 225. we are watching asian vaccine makers, with the quickening rollout, and japan considering an extension of the emergency. moderna may get approval in japan. nintendo results do today. reaction to one mining company. boj meeting minutes, agreeing. you have bonds higher. south korea, one player reporting a solid quarter, but downside moves for the kospi in a week was shortselling resumed. one research institute predicting the benchmark could cross 4000, if korea is upgraded to the msci world index. back above 1125 to the dollar. switching out to check the open in australia, that on the back of results.

this is bloomberg. ♪ this is bloomberg. ♪ >> this is "bloomberg daybreak: asia." president biden would delay a ban on certain chinese companies set to take effect on may 27 by two weeks, so officials can clarify trump era policies banning investments in companies owned or controlled by the military. three of beijing's biggest telecoms are included. senate majority leader chuck schumer says the u.s. senate will include $52 billion to bolster domestic semiconductor manufacturing. it is to enhance u.s. competitiveness with china. a measure to authorize the funding was included in a 2021 defense bill. chuck schumer call the measure of very big deal. russia's representative to the iaea has denied reports they expect an imminent breakthrough to restore the iranian nuclear deal. he said on twitter that while significant progress has been made, unresolved issues remain. earlier, there were reports they were getting closer on the matter. the u.s. congress has passed legislation aimed at combating hate crimes against asian americans and pacific islanders. the vote will be s

this is bloomberg. ♪ matt: "bloomberg markets." u.s. home prices soared the most since the end of 2005. there is a shortage of property to buy that has fueled bidding wars. the index of property values claimed 13.2% in march from a year earlier, the biggest gain since december of 2005. they were well on their way there in the previous couple of months as well. not just in the u.s. we have seen housing prices soar in germany as well, and i'm sure there in canada. amanda: i think that is a key point. there is some element here that is just cyclical. there is a supply-side issue everywhere, certainly across north america. we just did not build enough. there is also a pandemic aspect of where people want to live, how they want to live. that gets you to the question quickly of how long-termer these trends? is there something different about this? will we stay in these trends or revert back to some other way of being that my throw prices off? matt: very good question. where they don't want to live is in cities, highly populated, dense urban a

this is bloomberg. ♪ amanda: welcome to bloomberg: markets. matt: we welcome our audiences each day at this hour. here are the top stories we are following around the world. leadership shakeup at morgan stanley. the bank announces the biggest leadership change in more than a decade as ceo james gorman eyes his successor. plus, u.s. jobless claims fall to a pandemic low. we will discuss the health of the labor market and while that and why hiring formerly incarcerated jobseekers is better for the bottom line. and we preview what we expect to learn from the white house summit on the semi conductor shortage which has roiled supply chains around the world. amanda: the semi's are not roiled today. they are one of the groups leading us higher today on the s&p 500. we are watching a general risk on spirit out there. energy is the laggard and you are certainly seeing some big moves and big names. the leaders of the market are in play but names like nvidia are seeing that at last check. in toronto, we are watching the market heading towards what looks

this is bloomberg. ♪ annmarie: this is "bloomberg markets." coming up tomorrow, amrita sen as the opec-plus meeting to explict - opec-plus meeting takes place virtually. this is bloomberg. live from new york, annmarie hordern. the u.s. is reporting its lowest level of infections since the early days of the pandemic as it continues to wrought inoculations. more on what needs to be done next. dr. lucy mcbride joins me now. i want to get to your opinion piece in a moment. i want to start with that recorded lowest level of infections. i'm usually based in london. i am here in new york. what a difference i have seen from this time last year. what is the biggest challenge next for the united states? dr. mcbride: we are in a completely different place than we were a year ago. we are in a different place than we were a week ago as more shots going to arms. the available vaccines are nothing short of a triumph of modern medicine and are crushing coronavirus. that said, we still have more work. the pandemic is not over. we still have vulnerable populati

this is bloomberg. >> coming up, currency volatility and the impact on corporate earnings. ♪ >> the real battlegrounds may be in currency. indices raising their all-time highs in february before retreating slightly with em currencies at a crucial level. this might just be the month to pay attention to foreign exchanges. our next guest says the negative currency impact on corporate earnings fell the last quarter. could this be the calm before the storm? >> i think it was in q4 and we are going to see q1 faced serious hits from corporate earnings. investors need to take that as an indication about what is going on with corporations from a risk management perspective as well as from a liquidity management. you have seen dollar strength. you have seen discussions about how people think the dollar is going to go significant higher. you have others talking about them going significant lower. i don't know how to predict whether it is going to go up and down. all that means over many years of watching this, i

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this is bloomberg. ♪ ♪ ritika: this is "bloomberg markets." i'm ritika gupta, live in the principal room. coming up, phillip morris' ceo. this is bloomberg. ♪ alix: online travel company booking holdings posted earnings that showed mixed messages about travel. how doolittle has more -- abigail doolittle has more. abigail: the great news is that gross bookings came in above estimates. they did post a narrower losses that -- loss than expected. analysts saying while they are encouraged by the big growth number, it appears there's an uneven recovery. so where we saw lots of strength in the first quarter, airlines up 62.1%, car rentals down 15.1% , so need to have a little bit of evenness here. however, relative to the stock, down today, but over the last year, really incredible. not so far from its all-time high even as earnings are down, so there's a bit of a disconnect that would suggest to me that investors and traders believe this company is going to be able to make the earnings recovery to justify that high stock price. guy: absolutely. i