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the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. jackie: welcome back were more than six weeks away from a crucial california vote to recall governor gavin newsom. according to a new pool radio host larry elder to replace newsom if these recall, he joined me now this race is getting off to an interesting start, a lot of the national attention even massachusetts democrat senator elizabeth warren getting involved. >> what's the deal with the recall of gavin newsom we've seen top republicans across the country attacking election results and the right to vote now powering california abusing the recall process and taxpayer millions. jackie: how do you respond to critics like warren saying this recall effort is a republican power grab at taxpayers expense. >> 's house. they are to bring from outside of california to make the attack at least i wasn't called the white supremacist like the earlier described the recall after i came into the race they drop that notice he did not defe

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> evaluation of the market is going to stay down until becomes more inviting to foreign capital again and maybe wants to integrate more into the world and they seem to right now. >> the fed told us that they would give us advance notice before announcing a taper and i would argue they have done that. >> as long as you are doing this independently. >> the fed does not taper but we know that tapering is inevitable . >> it will raise rates when it has to. ask more dovish today, it allows for a generation of rove and inflation. >> this is "bloomberg surveillance." tom: good morning, everyone. it's monday, "always interesting and more so this monday, lisa, as we set up your jobs day on friday. lisa: it may be more important than jackson hole. last friday, how much will it affect the federal

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. francine: stocks finishing up the day in european trading. 22 seconds to go. a little bit range bound. this is the pattern we have had this week. we are seeing a selloff in chinese stocks, an uptick when it comes to technology after the bad news monday and friday. we got into the european session. it is also a similar close today. markets getting a little bit more comfortable when it comes to living with covid-19. we did have a lot impressive in terms of cost and future outlook. this region found -- this range ground could continue. in the u.s. trade we have seen traders buy the dip. let's see if the pattern continues. as markets try to get more comfortable with not only the delta variant but maybe what is coming out of china, a bit of stabilization from the pboc. we see that playing out in iron ore futures used in steel. we have heard from the pboc in chinese authorities saying they will not let this deal made in china cras

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ >> delta does have an impact, but specific services. >> there's is still a lot of momentum but, we are seeing headwinds from the delta variant. >> a think next year we're probably looking at 3% inflation. >> the economy continues to pick up and inflation continues to stay above 2% in fact, well above 3%. the fed will have to move sooner. >> it will be sometime until the fed becomes the major market driver again. >> this is "bloomberg surveillance."

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ tom: good morning, "bloomberg surveillance." we welcome all of you on radio and television. it is an interesting day, lisa. what is your observation on the day that we see. i see yields not moving as much as i thought they would move. lisa: that is interesting. a lot of people thought inflection point could be in the offing. it is down 1.7%. maybe it is not the inflection point. tom: we will have to see. this is a joy. it is not a joy because of an important tweet stream on buffy the cat, claudia joins us with exceptionally important toward flow. you can learn a lot. particularly on the microeconomic foundations of all of this that we talk about each and every day. i want to go to the heart of the matter. if you raise wages, good things happen like consumption is sustained. tell us where we are in the effort to raise wages? claudia: i think we have seen a lot of encouraging progress, which is surprising. after years and

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> good morning from bloomberg's european headquarters. it is 6:30 a.m. in the city of london. i am dani burger alongside manus cranny. here is what you need to know. moderating inflation. consumer prices rise but at a slower pace. the economies reopening are beginning to ebb. china widens its crackdown and issues a warning. get ready for more regulation. the csi 300 drops. goldman sachs makes a transient impact on demand from the pandemic. president biden calls on opec to pump more crude. transient will be used for everything. i think it needs to be wiped from the dictionary. cpi out yesterday and some of that easing allowing bond yields to drop. manus: suddenly, you have this frenzy about the fed won't taper, it will hit the pause button. if you spent the last seven days literally getting a big hammer and banging it over our heads, tapirs, substantial further progress, differentiate between taper, stop at 68 and about hike

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> we talk about those npl's. will they stay high? >> the second covid wave hit india hard. i would say almost 15 days of the quarter were impacted. that has come through on the portfolio side. we saw higher than expected numbers in the quarter. we do believe it is transitory. we have only seen positive transformations in the second half of june. july is better than june. the demand, 98%, has already reached 99.5%. there is a year on year recovery. >> crypto, you have a world of young people that want their own financial system and their own culture. and it is very powerful. i am a big believer in it. >> very good morning and welcome to "daybreak australia." >> i am sophie kamaruddin in hong kong. we are counting down to the open. >> i am shery on the top stories this hour. u.s. stocks rise. the fda pfizer approval could lead to more vaccine mandates. >>

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> welcome back to bloomberg technology. i am emily chang and bloomberg -- at bloomberg san francisco. ed: i was up here the last few days talking about going -- bitcoin around 47,000. i was talking with investors, looking on twitter. bitcoin to the moon they said. we have dropped back down below 44,000. there does not seem to be that much more of an issue. come with me to my bloomberg terminal. there is asymmetry and dissension between ether and ethereum. there is this outside gain of ether. there was this idea that it would make it more transparent, lower the cost. ether has as well -- has fallen away as if yuri him has -- ethereum has. the crypto market broadly is moving back toward 2 trillion. we had a 55% gain. since july alone, we are back down around those 44,000 numbers. crypto related stocks, all significantly lower on thursday. sometimes i come up here and say obviously bitcoin has fallen. but there has not been th

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> good morning. this is daybreak europe. it is jobs day. walsh agreed -- wall street closes at a record. return to office in disarray. staffers getting back to the delta variant spread. elian's -- aliance raises its bid rate don't miss our conversation read forecasting and operating profit for the full year in the upper half of the target range. announcing 750 million euros of its own shares. thank you so much for joining us. let's start in the buyback program. how sustainable is that and ones to come? >> thank you for having me in the show. the second quarter, and also for the six months of the year, the underlying performance is very strong. we are operating with an underlying profit of 6.7 billion. based on the fundamentals of the business, we have revised our outflow to the upper half of the range read the ability of the underlying performance is very strong. you see this from acted in the solvency, capital generation.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ francine: stocks finishing the day in european trading, 22 seconds ago until the countdown of the european close. stocks european 600 down some 0.84%. i am excited to bring you some news, we spoke to two ecb governing council members for the taper to start earlier than the markets expect. or whether to be on the same side -- safe side, they should start tapering as soon as this month. the stoxx 600 down and there has been some movement when it comes to bonds. the ftse, the dax, and the cac 40, falling in tandem. we had some disappointing news out of china, so the european stocks started the day on the low end went higher a bit, and as soon as ecb members started tapering -- talking about tapering, they went down a little bit. the ftse is very rich when it comes to the commodity stocks and it is playing out to some of the biggest losers. basic resources, travel and leisure, also on the back of what we heard from the ecb s

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ dillon: one of the worst part is not being double to service. this is a good example. you are looking at auto inventory to sales ratio in the u.s. it is at the lowest level going back about 50, around 40 or 50 years to 1970. within the asia space, and we heard the big news from toyota, this is part of that inventory equation, and within this, the number of days the car company is able to turn around inventory from 2011, it has gone up to 40 days. ats corporation's managers, it is a very ineffective use of your cash because it is sitting idle. if inventory piles up, you are paying for financing costs for your suppliers. that is the net cash -- well, it should have been a net positive cash inflow and it is no longer there. it is a good indicator of the pains across the supply chains in terms of orders. spoke with a lot of auto executives, and their thinking is on how long they expect to be in these sort of operating condit

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> the countdown is on in europe. this is bloomberg markets, european close with guy johnson and alix steel. ♪ guy: monday the 16th, 30 minutes until the close. copper and crude both dropping it sharply on the back of week chinese and u.s. data. european stocks are down, europe sending aircraft into afghanistan to evacuate citizens and allies. it is unclear with the situation on the ground will be when they arrive in kabul. the airport looks like a real mess right now. there are large numbers of fatalities being reported. we will see what that happens as the evacuation continues. the german radar and battery tech night -- technology

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. jon: we are seconds away from an inflation report in america. from new york city this morning, good morning. i'm jonathan ferro. equity markets are down, treasury yields higher by a basis point or two. here are the numbers, mike mckee. mike: bang on estimations for the overall cpi, taking the year-over-year rate headline to 5.4%. actually leaving it. there was a thought that it might drop to 5.3%. on the core it's lower than forecast. .4% was the forecast and last month it was a .9% rise. as i mentioned, the rate of change is what's going to matter here and we get a core rate of 4.3% down from 4.5% in june. taking a quick look at the components here, food is up .7%. food away from home is something people have been keeping an ion. one of the categories going up rapidly -- an eye on. one of the categories going up rapidly, food at home. energy, year-over-year basis, gasoline on the month up to .4%. we have seen a rollover in

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> good morning from bloomberg's european headquarters. i'm dani burger alongside manus cranny live from dubai. this is "bloomberg daybreak: asia: europe" fears china's next crackdown could hit video games with the state media calling them spiritual opium. the feds christopher waller says a decision on tapering could be close at hand. plus, banks bouncing back. our conversations with the ceo of standard chartered and the cfo of socgen coming courtly -- shortly. the bank spurred to buy back $250 million of shares and pay a small dividend. bringing us an exclusive interview is rishaad salamat joined by the ceo of standard chartered, bill winters. >> thank you very much. bill winters with me, wearing a mask today because he is under regulations as he is quarantining. bill, great numbers. bill: very nice to be here. we have a bunch of things going on. the big change is loan impairments, which were down significantly. we did some

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> once the market really starts to doubt the potential for reflation, the potential for growth, that can kind of spiral out of control. >> there's always pullbacks and mini-corrections. maybe there is a correction ahead. >> i would argue the labor market is as tight, if not tighter, than any we have seen in decades. >> i am more worried about growth in 2 -- in 2022, and that is what mobile bond

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> from the heart of where money and innovation collide, this is san francisco. and this is bloomberg technology with emily chang. emily: i'm emily chang and san francisco.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. lisa: a calm august day ahead of what may be an eventful september. for rup viewers -- for our viewers worldwide, i am lisa abramowicz in for jonathan ferro. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. ♪ lisa: we begin with the big issue, another vaccine breakthrough providing a shot in the arm for market. >> the fda are proving that pfizer vaccine is enormously important. >> the pfizer approval is good news. >> it is not a negative. >> encourage people to get vaccinated. >> we see a new breath or a new gust of wind in the sales of this market. >> more people would get vaccinated and less people get sick and that helps the economy move forward. >>

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. tom: bloomberg surveillance. lisa abramowicz and tom keene. jonathan ferro is off on sabbatical. look for a drawdown meditation last -- next year. taylor riggs in for jon today. futures up. this is a really important conversation right now. with a lot of experience in really -- and really important, a cross-section of academics, -- writes a memo this week for taylor riggs. discuss. get the -- why is it not a valentino market? >> i have plenty of shoes in my closet. tom: they love their foreign shoes. bring that over to the world of --. help me out. what do you mean about the extravagance of luxury french shoes? ? >> i'm suggesting in my piece that i wrote last week that you like good quality stocks these days. that is the christian louboutin shoe. when i am here doing a virtual call with you, i put my slippers on but those are my backup shoes. you should buy good quality growth and value, with a neutral regime the last coupl

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> the following is a paid program. the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employees. >> the following is a paid presentation, furnished by rare collectibles tv llc. >> the morgan silver dollar is the most iconic coin in the united states and numismatic history. designed by knighted states mint assistant engraver george t morgan, the silver dollar series was minted from 1878 to 1904. then again for one year in 1921. the morgan dollar is nearly an

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. jonathan: live from new york city, alongside tom keene and lisa abramowicz, i am jonathan ferro. or data in america at 10:00, the isom services read anda speech -- the ism services read and a speech from vice chair richard clarida. yields lower at three or four basis points. the tiny look at 1.12, 1.1260 below of a couple tuesdays ago. euro-dollar 1.1872. the dollar weaker on the back of that with yields lower. your equity market also softer. down 12 points on the s&p. negative a third of 1%. tom: the observation besides equities catching up with everything else, i see the 210 spread gives way. flatness. that is significant for the banks. jonathan: treasury refunding is something else we should be watching. tom: please explain that. i could care less. jonathan: $156 billion of 3, 10, and 30 year funding. we've have been talking about peak everything. peak fiscal, peak monetary policy, let's talk about peak debt issuance. lis

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. mark: i'm mark crumpton with bloomberg first word news. longtime afl-cio president richard trumka is dead. a union spokesperson says trumka died on expectedly while celebrating his grandson's birthday. president trump says that he was a good, close personal friend. he added, at least he was close to people who adored him. speaking on the senate floor, chuck schumer said we have lost a giant. >> he had in his veins and every atom of his body the heart, the thoughts, the needs of the working people of america. mark: richard trumka served as the president of the afl-cio for more than a decade. he was 72 years old. president biden is laying out an ambitious goal today. he wants half of all vehicles sold in the united states to be in missions free by the end of the decade. automakers say that can only be achieved with a bigger government investment in charging stations and other infrastructure. the president will be joined at the

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. manus: good morning from our middle east headquarters in dubai. i am manus cranny and this is "daybreak: europe." the taliban takes cobble 20 years after they were removed by the u.s. military. it brings recriminations across washington. china's recovery weakens. he july data falls short of the forecast. asian stocks in u.s. futures fall. kashkari wants a few more strong jobs reports before tapering. we get retail sales this week. so the bond market had its third-biggest collapse on friday in terms of yield this year. that continues this morning. 10-11 basis points off the high point last week. this is a shift in terms of what the bond market is flagging, potentially delta concerns. potentially a slower road to taper, but this i would say is much more about concerns about delta and a slowdown in china, concerns about a delay in taper. that seems to be what the bond market is flashing at the moment as the consumer sentiment i

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: monday the second of august. 30 minutes to the close. what do you need to know out of europe? stocks ripping higher to fresh records. more strong earnings. u.k. soaring. offering 800 pence a share. will shareholders any bridge government give the green light for the steel -- for this deal? hsbc and thing up its dividend plans. bloomberg says the bank is definitely feeling more confident. we will hear this hour. we seen a bit of a move in the bond market. equity markets continue to power ahead.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> it seems like the rallies are petering out here. whether it is tech or commodities, good morning. looking at less blessed here. we have iron ore. copper is slightly lower. futures are up 1% in the green here today. we are dealing with the economic fallout from the delta variant and it seems like things are changing quickly amid demand from china. how long this rally will last, that question two jason rogers. how much legroom do we still have here? >> if you think about the oil markets, you have a situation where it looks like u.s. crude stockpiles are using. underpinning this is china's success in controlling the spread of the delta variant. i think that is what is underpinning market sentiment in oil. you could see further gains from here. china accounts for such a large amount of global demand. now you have more traffic, more fuel demand, perhaps further down the line, more air travel. i think this is very positive for

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. yvonne: 10:29 p.m. in new york. watching stocks in the region. a little bit of a rebound when it comes to tech stocks in hong kong. we are still dealing with the whiplash we saw when it comes to the precious metals. what happened there? david: takes a while to recover from something like that. 7397. that is the chart you want to watch. let's check price first. we had a floor during the flash crash. 1% is the upside. being extremely generous how i am describing the move today. this dovetails into the broader commodity selloff we saw yesterday with the biggest drop in weeks including other metals. to the point we were making earlier. there is the flash crash yesterday. below 1700. we should be a retracement. i will add that later. this is where we are. 1728 a pop. let's bring in the executive director of precious metals research. what do you make? your initial thoughts when things could not seem to find a floor. >> extreme pre

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. jon: live from new york city for our audience worldwide on tv and radio, this is "bloomberg surveillance." here is the price action. futures are negative, stocks lower, down by .6% on the s&p. -1.4% on the russell. the nasdaq off .4%. so many things going on we need to work through. i ton of contradictions. here's one for you. can you have the fed tapering yet also worried about a slowdown globally? can you get one with the other? does the latter make sense with the former? we need to talk about that. the bond market, twos, tens, 30's, yields shaping about follows, down for on 185, that is a flattened curve. that's the story in the united states but i think we need to spend more time talking about the story globally. this has been building for a while. we have seen the move in airlines, seen the move in energy players, we have seen the move in crude. six days of this now, down to -- down 3.2% on copper futures. i hate that,

. >>> we are hearing from a bare aero -- bay area woman whose family barely escaped afghanistan. >> a spoke with a woman whose mother and brother feel their lives were spared by the american marines and soldiers who may have given their lives to help them escape to safety. >> the suicide bomb blast that killed 13 americans and dozens of afghans at the kabul airport was very close to home for her. >> hours after my mother and brother were the same way. >> her brother shot this cell phone video as he and his wife, their threes small children and mother crossed into a crowded airport checkpoint over this now infamous canal. >> they have a six month baby, that soldier picked up the baby and held their hands one by one. she says the americans pulled the infant to safety and escorted her 72-year-old mother. the family flew out that day but later heard what happened when they landed in belgium. >> my mom told me she was told by afghan soldiers -- even my mother doesn't know them but she cried for them. just then, by complete coincidence her brother phoned in from belgium. >> i am talking wit

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. emily: welcome back to "bloomberg technology." i am emily chang in san francisco. in a landmark climate report, scientists get a stark warning. time is running out. the report sounds the alarm on climate change and issues a code red warning for the human race. key takeaways, that the last decade was hundred and any period in 125,000 years. and there is no end in sight for rising temperatures before 2050. for more, i want to hand it over to ed ludlow with the latest. certainly alarming. ed: it is, this scenario of global temperatures rising 1.5 degrees celsius over the next two decades. the report is clear this is human action that causes this, and it is something done through industry, through companies. if you are an investor, how do you think about this? investors are becoming increasingly conscious about climate risk, about environmental considerations. this is data from bloomberg intelligence on the number of shareholder

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. guy: wrapping up the wednesday session in europe. up .6% on the stoxx 600. intraday, 468. tracking towards 470. it will be inches he to see if we get over 460 through the rest of the week. the earnings story part of the product drivers. clearly the services data out of the united states plus the comments from richard clarida having a meaningful impact. when i put this board together earlier on that was negative. that is turnaround significantly. what we are also seeing is a bid into the bond market. the german 10 year yield -49. brent down. that is interesting. mixed messages from these assets. let's talk about the individual markets around europe. the ftse, the dax, the cac 40 all of the move. the doubts -- the dax bouncing back. the ftse 100 up .2%. the cac 40 up .3%. the rotation story has changed as well in terms of the sector story. let's take a look at the grr to get an idea on what is happening . technology is where t

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. jonathan: live from new york city, for our audience worldwide, on radio and tv, an important conversation coming up. here's the price action in the equity market. futures this morning positive on the s&p 500 i 0.05%. a bit of a snooze in the equity market. all-time highs into thursday. yields higher by a couple of basis points. 1.3556% on the 10 year. here's romaine. romaine: a real simply good day for the spac king. two of his companies and the dues -- companies in the news right now. $1.2 billion in revenue for the recent quarter. guiding to about $1.9 billion for the current quarter. clover health shares up about 16%. they gave guidance that was really impressive, $1.4 billion to $1.5 billion on an annual basis. the street was looking for about $800 million. that is about 80% above street estimates. sonos up 12%. they do something a lot of consumer product companies haven't really done in the most recent couple of quarter

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> a lot of the market is already corrected. the 5% to 10% correction has been happening internally. >> i don't buy the two months recession we've just had. i don't think we've had the shock yet. >> you are starting to see the foundations of a significant boost in productivity for the next two to three years. >> we do want to stay nimble because that is when the fed hikes start to get priced and. >> we know that a taper is coming. the biggest disagreement on wall street, is it september, is a distemper -- is it december, guess what? it doesn't really matter in the grain scheme of things.

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> this asset class is ripe with frauds, scams and abuses in certain applications. there's a great deal of hype and spin about how crypto assets work, and in many cases, investors aren't able to get rigourous balance, complete information. if we don't address the issues, i worry a lot of people will be hurt. liz: fraud, scams, abuse, yeah, but what else? okay, sec chair gary gensler describing the world of cryptocurrencies as the wild west. gensler's sec is also keeping an eye on robinhood, because of the way it actually makes its money. its revenue because the service is free, right? let's check the stock right now of robinhood. right now, it is up, up, and away but would you believe up 47 % it had been 82% earlier. robinhood stock gains the result of the poor taking from the rich in the form of a short squeeze, this time around. charlie gasparino has been working both of these stories want to start with robinhood first? ch

and the 22nd aero squadron was assigned this airplane and a young pilot named ray brooks painted the name of his fiancÉe's college on there, smith college. he had three previous airplanes. it's smith the fourth. he scores one aerial kill in this spad 13. other pilots in the same squadron shoot down five more. so this spad 13 flew with the first generation of american combat pilots. now, ray names this airplane after his fiancÉe's school. and most people name their airplane after their girlfriends but he made a conscious decision he didn't want to have this airplane damaged at the end of the field with mechanics saying ruthy is damaged, we got to fix her. he wanted to actually keep her out of that situation. so he named it after a college. smith the 4th is in 1918 camouflage what you see also on the fuselage and wings are small black squares with german crosses, those represent bullet holes shot through the fabric from combat, small indications of this being a combat airplane and survisurviving. the squares would have been applied by ground mechanics in the field. no need to complet

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ elizabeth: joining us now from the heritage foundation, forge former acting dhs deputy chief of staff, laura ries. what's your action to the news that ap apprehensions at the border are at more than a 20-year high, they topped 200,000 in july, more than five times what the number was last year. what do you say? >> well, the numbers were already historic, and now unfortunately, they continue to rise. it was a 13% increase just since last month, so now it's really time to hit the panic button. elizabeth: all right. u.s. border patrol chief raul ortiz, he says the border is, quote, the most complicated he's ever experienced. we've got the outgoing border patrol chief, rodneyth scott, yes, this is a crisis. watch. >> i see other people talk about our mission, your mission in the context of immigration or the current crisis today being an immigration crisis. and i challenge you that i firmly believe it is a national security

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. >> we are stranded at home, we cannot get to the airport when we try to get to the airport we get beaten up or were afraid for our lives, there is a lot of miscommunication going on, imagine being stranded in a situation like this and not receiving anything for three or four days from the u.s. embassy or the state department, i am afraid for my life i really need a president to really consider this serious, we are in danger mr. president please help us. elizabeth: that was an american woman stranded inside of afghanistan she is crying and begging for help join mini me now former ambassador of large and coordinator underme presidet trump nathan sales, great to have you want, your reaction to that. >> it isn. heartbreaking and i think it shows the real disconnect between what people were saying in washington and the reality on the ground in kabul were hearing rosy predictions about the ability to get everybody out on time it i

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪. charles: well speaker pelosi pulling in the house rules committee to consider the framework for the infrastructure bill. john lewis voting rights act, $3.5 trillion spending plan. the move intensifying a showdown between fellow democrats including the moderates in the problem-solvers caucus. listen, they demanded a straightforward vote on infrastructure before they woulding that kel this gargantuan spending bill. congressman guy reschenthaler from pennsylvania joins me now. congressman, seems to me speaker pelosi is really holding the bipartisan infrastructure bill hostage. that is pretty plain. daring the moderates in her party to try to stop her. walk us through the process. your thoughts whether the moderates stand up to her. secondly what is happening here? why is this whole proper -- procedure so important? >> thank you, charles, great as always to have me on. call me guy. i just stepped out of the rules committee

. >>> los participantes en el proyecto mariposa viajarÁn a washington en septiembre para entrego aeros al presidente de joe biden de familias afectadas por las deportaciÓnes y pedirle la legalizaciÓnes de indocumentados en el paÍs. >>> inmigrantes indocumentados como los padres de andrea que agradece que iniciativas como el proyecto mariposa apoyan a jÓvenes que viven con el miedo de las deportaciÓn. >>> esto ha pasado por aÑos y es tiempo que nos vean nos escuchen. >>> rubÉn pereira para las noticias telemundo. >>> gracias rubÉn. >>> al regresar. olas de calor incendios forestales y peligrosas sequÍas parecen ser constantes de este verano y cumplir las profecÍas de los cientÍficos, les cuento de quÉ se trata. >>> gran exclusiva. >>> han pasado 32 aÑos. >>> el jefe del jefes. por primera vez y Única vez habla desde la prisiÓn el primer gran narcotraficante mexicano. >>> esta es la primera vez que yo concedo una entrevista. yo concedo una entrevista. >>> ♪ prepárate para verlos brillar con su nuevo look. regresar a clases nunca se vio tan bien. ♪ la familia de pablo

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪. charles: so the crypto world has been all over the place, right? and a lot has changed between the current rally that began last year from the first bitcoin rally that went to the moon and came crashing back to earth. skepticism was the big hurdle in the aftermath of that. this intransigent position of government and regulatory arms have become really big hurdles. every single day there is a new salvo from within the establishment, the bowels of the crypto world. today comments from sec chair gensler aiming to defy the whole space suggesting peer-to-peer networks might not be immune from oversight. we have avanti trust founder, caitlyn long. bitcoins have staged a pretty impressive rally in the vocal regulatory threats and opposition from around the world. they say bring it on, maybe regulation is a good thing. is it? >> we've known the regulatory crackdown has been coming since april. the washington, d.c., policymakers

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪ elizabeth: back with us now, former cia station chief and fox elizabeth: back former cia station chief and fox news contributor dan hoffman this is terrible breaking news house lawmakers indicating the pentagon chief is saying yes the taliban is beating americans on kabul airport, your reaction to that. >> i was just tracking that moments ago as well, apparently general austin was briefing lawmakers and says the u.s. citizens were being harassed and being by the taliban they should not be a surprise at the bottleneck on the way to the kabul airport and the taliban knows that americans and african allies are trying to get there and they are easily able to protect and intercept our people. and that is a reflection of the chaotic and horrific poor planning that went into this withdrawal. elizabeth: the poor planning is growing concern theer president biden and mark miller chief of staff inflated the size of the afghan army

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. edward: new government data shows prices for many things american buys every day are going up from food to cars to gas and appliances lydia hu has the breakdown. >> the data from the bureau of labor statistics shows consumer prices rose 5.4% over a year ago which is the same rate that we saw last month showing inflation is still hot but the month over month increase flow to half 8% down from june's month over month of 910 to 4% the highest that we have seen since august 2008, when we dig a little bit deeper into the data we can see what categories are costing consumers more in one of the categories is appliances and people are spending 12% more on appliance purchases like refrigerators and freezers and they were last year there are some examples that stand out especially high increase if you take for example the samsung refrigerator is upri in price by $800 last year this refrigerator would've cost 2299 now it's up over $300

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. the sleep number 360 smart bed is on sale now. it's the most comfortable, body-sensing, automatically-responding, energy-building, dually-adjustable, dad-powering, wellness-boosting, foot-warming, temperature-balancing, recovery-assisting, effortlessly life-changing proven quality night sleep we've ever made. save up to $1,000 on select sleep number 360 smart beds and adjustable bases. plus, no interest until january 2024 on all smart beds. ends monday. elizabeth: back with us no former acting dhs secretary chad wolf it's great to have you back on, far left progressives forcing the biden administration is wrong to keep in place title 42 which allows administration to basically not accept border crosses during b the pandemic, what do they want we have a historic number of illegal crossings, this time 210,000 in july that is the highest month the figure into decades, what is your reaction? >> absolutely the administration is r

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. why choose proven quality sleep from sleep number? because a quality night's sleep is scientifically proven to help increase energy and improve recovery. and it keeps you at your best all day long. the new sleep number 360 smart bed is temperature balancing. and it helps keep you asleep by sensing your movement and automatically adjusts to keep you both effortlessly comfortable. the sleep number 360 smart bed is on sale now during our biggest sale of the year. ♪ elizabeth: back with us now, former cia station chief and fox news contributor dan hoffman. dan, this is terrible breaking news. house lawmakers indicating that the end pentagon chief is saying that, yes, the taliban is beating americans at kabul airport. your reaction to that? >> yeah, i was just tracking that moments ago as well. as, apparently, general austin was briefing lawmakers and said that u.s. citizens were being harassed and beaten by the taliban. frankl

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. charles: well, the world is watching as china's delta outbreak hits an already vulnerable economy. that was the headline this week in the sidney morning harold as china continues to scramble to enforce really those same measures used to fend off the coronavirus last year. lockdowns, travel restriction, limits on gatherings and entertainment. this week, officials shutdown the second largest container port the third busiest port in the world from a single case positive case of covid. meanwhile, japan grappling with its own massive outbreak and the public there they do not want to lockdown, so, you've got two powerhouse economies that are slowing down, it means that the world is going to slow down including the united states. joining me now chief economist at first trust advisors brian westbury. brian supply chain issues mentioned as one of the main sources of inflation in this country of course with the crazy spending. another

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. stuart: the latest reading on july industrial production, 0.9%, futures, the administration is going to call for booster shots for all americans. it should be eight month after you are fully vaccinated. doctor matt mccarthy joins us now. do you think this is necessary? >> one of the stories that is going to fiercely divide americans. they boost their immunity. a lot of people saying you've got to be kidding me. another shot. to give you a little background, they are seeing waning immunity after 6 months especially in the older population. the administration is looking at what is happening here and free paired for the fact there's going to be a booster shot. that is specifically targeted to older people. i don't think healthy people need a booster shot. i will cautiously say more to come on this. stuart: the impact on society is we have to have shots forever, recurring shots, it's not going to be popular and it will divide pe

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. jack: facebook and other tech companies under fire but that the best business models on the planet this week's barron's cover story on thursday the federal state commission filed an amended version of the lawsuit against facebook a judge tossed out the earlier suit filed by the trump administration in june and now bidens ftc is taking another swing but investors don't seem to care. >> is pretty remarkable the regulatory is around about five years old at least and we see time and time again that investors are particular worried about the impact on the stock, up until now they have been right and they are potentially be serious repercussions in the breakup of companies. potentially. even that remedy investors have decided it could be good for stocks, the best way to look at it imagine being able to buy amazon the e-commerce giant amazon web services and amazon web services the cloud giant. some are betting one plus one equals

it is the only skyscraper designed by architect aero ceren and. the finish american behind several high profile project including the gateway arch in st. louis. harbor group international is paying $760 million for black rock the deal is expected to close by the end of this year. >>> that is your cbs money watch report. for more, had to cbs money watch.com. >>> at the new york stock exchange, i am elyse preston. >>> a lot of bay area businesses are on edge, worried about a short-lived recovery. two months after the state's big reopening, the hospitality industry is starting to see fewer bookings and more cancellations as kpix 5's andreano econo reports, some people are having second thoughts about the travel plans. >> it is hard. it is hard. it is no fun. and it is stressful. >> reporter: sandy kaufman flew in from phoenix tonight and she is start to rethink air travel is a delta variant spread. according to this finally, southwest airlines recently made to the securities and exchange commission, it is a trend. the company says cancellations and f

the company says it is nearing a sale of its itp aero division led by bain capital, ending a months long battle for the spanish business. unilever is said to have already started looking for potential suitors for a large part of its tea business. first-round bids are expected in september. we are told it is tea units in india and indonesia are excluded. last month's u.k. listed consumer group said it was considering an ipo or partnership for its tea business. do you fancy a cup of tea after that story? anna:anna: it is a little late for tea. i am on coffee now. laura wright in london. that's my personal routing. we will take a look at your stocks to watch, including glencore, as the mining giant returns over a billion dollars to shareholders after searching metal prices show first have profits to a record. this is bloomberg. more on that next. ♪ ♪ anna: welcome back to the european market open. 7:42 in london. let's take a moment to think about the stocks that are in focus this morning because we've had a lot of earnings stories out. futures seem to have dropped a little bit. we are

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. haidi: china is signaling its push to regulate sweeping parts of the economy will be deep and sustained. online insurance is the latest sector, and the crackdown. stephen engle joins us. insurance has been a vibrant asset class in terms of mainland investors specifically. what are we seeing in terms of these latest regulations? stephen: insurance is an area they needed. they were filling a gap, if you will, and other regulators are also trying to fill the gaps in this booming part of the economy. fulfilling a need, that's basic. it became a big part of their offerings across the platforms and there have been crackdowns of course on simtech offerings so these latest pronouncements, if you will, are in addition to what we have already seen, the regulatory action against some of these players, whether it is water drop or other offerings from ant. the banking and insurance regulatory commission stepping up its scrutiny of its in

the aero trainer supports over 500 pounds, and inflates and deflates in seconds. check it out at aerotrainer.com. that's a-e-r-o trainer.com. ♪. stuart: shortly we're going to get new data from the fed and it is likely to show this, 2,130,000 migrants tried to cross the southern border in july -- 210,000. that is the highest total in 20 years. jonathan hunt at the border in the town of lajoya in texas. jonathan, the administration quote, extreme progress is being made. are you seeing this extreme progress? >> it would be very hard to make that argument in the light of those new figures, stuart. we're in the heart of the rio grande valley which is described by border patrol agents as the epicenter of this ongoing surge. take a look down the dirt road behind me here. this is one of you might call the migrant alleys that leads up the from the rio grande river, a mile down there, pretty much migrants are can climbing over the river and coming up here. it is pretty quiet right now. we have video after 70, or 80 migrants coming through this path, taking a left down to