hong kong. also a historic us gold mining town has all been wiped out by one of the biggest wildfires ever recorded in california. and to better routine coaches who tried to force a sprinter. christina, on a sky at home from chuck, you're a strict up there. and then p credential. ah, we're sounding enough canister more fighting in the middle of lush regard. one of the cities the town about and is trying to capture. i've got the sounds. government says special forces and us air strikes, a helping troops on the street 1000. the civilians, meanwhile, fled to neighboring candor. ha, mobile, james, base diplomatic editor and cobble. james, if there are usa strikes and special forces involved, and clearly this is getting pretty big. it is being a very serious situation for days now and ask a guy. and i think there is a scenario where the government might lose that 1st provincial capital. and that's why they're sending absolutely all that they have to try and change the situation on the ground. but wer

really speak to how it is for hong kong reporters to report on hong kong. i can, ithink, bettertalk about what it's like to be in hong kong and report on mainland china _ and as you do that, and as you seek the voices that you need to hear from to tell those stories, how willing are people to to participate in the journalism that you're seeking to pursue when they know you're from an american newspaper? so i think over the years, the grip of the state has obviously tightened around a lot of institutions and experts who might in the past have been more willing to speak to us. but i would also say that suspicion of foreign media has increased. and i think part of it we've seen now, for example, with the floods, when some reporters were questioned and possibly even threatened. but there's also a lot of suspicion amongst people who are exposed, who trained in the west, who were educated in the west, who read a lot of western publications. and there's a lot of anger about bias or incorrect reporting. so i've noticed that a lot as well. and i think it's maybe als

and other hong kong and hong kong authorities to undermine again what was promised to the people of hong kong. and that is the high degree of autonomy state department officials awhile that this may not be the only time that this program is put into effect for hong kong residence. and they also say that people who come to the united states after august 5th could possibly be added to the scheme. but they say, what's really important is trying to ensure that beijing does not continue. it's repression of political opponents and hong kong or crush hong kong experience with democracy firefighters in the u. s. a pricing for another destructive day with hot windy weather forecast with up to 5 in california. john hendern reports from a town that has been all but wiped out. the california largest active wildfire exploded, engulfing the gold rush. you are a town of greenville and threatening several others. a sheriff's office stores b strows, saloons, gas stations, homes, all left and embers. it's 800 residence appear to have escaped following a mandatory evacuation order. over the last 24 hours,

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong. it was beginning, even after the protests in 29 team, like many others, he says he's unlikely to return to hong kong, a city that still regards itself as asia's finest. the government denies the law gives it unlimited powers to stop people entering or leading hong kong, insisting the amendment is aimed at screening illegal immigration at source, amid a backlog of asylum claims. and that people's right to free movement will not be effected. those who go to the u. k. have opted for a new life in a country where koby 19 rates of soaring and job prospects scares. yet that seems preferable to remaining here. thursday and the axis from hong kong sent the national security north path last year. that how might this fuel that it with well, i think people are leaving for a number of reasons. the departures have accelerated, certainly in the past few weeks. for 2 reasons. laura, essentially we have this new immigration law which took effect just a few hours ag

kong is one of the _ mentioned, but also hong kong is one of the big _ mentioned, but also hong kong is one of the big sources of tension since china _ of the big sources of tension since china imposed that sweeping national security— china imposed that sweeping national security law last year. and the by the administration had already responded to it, to what it called the erosion of the rule of law and the territory. and just last month, it's a _ the territory. and just last month, it's a lot _ the territory. and just last month, it's a lot more sanctions on chinese officials _ it's a lot more sanctions on chinese officials in — it's a lot more sanctions on chinese officials in hong kong and it warned us companies about the growing risks of doing _ us companies about the growing risks of doing business in hong kong. and that realty— of doing business in hong kong. and that really angered beijing, the chinese — that really angered beijing, the chinese form said this was an attempt — chinese form said this was an attempt to smear the business environment in hong kong and it

you spend a lot of your time is former hong kong exchange ceo bringing a lot of tech giants to hong kong. >> the market -- if you follow china really carefully with a strong analytical insight, you should know this was coming. this is quite consistent with the broader direction of what the government says. they are essentially rebalancing the efficiency unfairness of equity. today, the business has become so big in the sector is so influential in all elements of society, and the government, rightfully, begins to move that balance towards what is more equitable and what is more fair, and thus create a level playing field. i think that is just the natural progression of policy. >> as the former hong kong exchange chief executive, i have to ask, does hong kong stand to benefit? what is your outlook in terms of the ipo arena? >> i do not think -- i would like to think of hong kong from the perspective that somebody else is having a problem, we are the beneficiary of the problem. even if that might be the case, i do not feel particularly happy so the breading that. that is nowhere -- that is

that is what makes hong kong great. it is what makes hong kong resilient. it is what has made hong kong the absolutely unique, especially in this new environment when the two big rivals, the center of gravity between the u.s. and china, some people think it is unfortunate and i think it is absolutely fortunate that we are right in the middle and being able to help, you know, smooth out that rise and relative change and minimize the friction. shery: that was charles li. you can get more context and analysis on china's crackdown on its tech giant on redline's china and big tech at the bloomberg technology channel on youtube. let's turn to sophie kamaruddin, who is tracking the impact of the pandemic on businesses. sophie: focusing on toyota as we have been tracking the supply chain issues, especially in asean, which are causing -- given that a near-term rebound in production is seen to be shaky. using the function to track the operations in thailand, we have seen the carmaker extend closures. we have seen downside pressure for suppliers including thai steel c

thanks about adrian bound there for us in hong kong. if you're appears to gray in rebels, have fees control of the ancient town of lolly bella, which is in the north. in recent weeks t p le fighters have targeted the strategically important a fall region as well as horror where the ballot is located for the rebels. it's a symbolic victory and also a significant in cousins south. the town is a unesco world heritage site on his sacred for millions of ethiopian orthodox christians, is known for its 12 century churches which have calmed out of rock. the us is calling on rebels to protect its cultural heritage. mark web has been following developments from nairobi. resident and others have told us the fighters and the gray region of entered the historic town loudly better. there were rumors that they were close local residents over the last week, some of the residents that they've had gunfire at night, but they say it's normal to to have some gunfire at night there. but then just in the last few hours, resident said they could see the, the g

hong kong authorities to undermine again what was promised to the people of hong kong. and that is the high degree of autonomy state department officials awhile that this may not be the only time that this program is put into effect for hong kong residence. and they also say that people who come to the united states after august 5th could possibly be added to the scheme. but they say, what's really important is trying to ensure that beijing does not continue its repression of political opponents and hong kong or crush hong kong experience with democracy. thousands of people have sought refuge and come to her city as taliban takes territory in southern afghanistan, security forces nor control, just 3 of 17 districts in the province. st battles are being supported by strikes by the african air force. and many more civilians are fleeing fighting in neighboring hellman province. the un is warning, the health system is struggling to cope with casualties. i can tell you that we're deeply concerned about the safety and protection of people in large cargo in the south where ten

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong. it beginning, even after the protests in 29 team, like many others, he says he's unlikely to return to hong kong as city that still regard itself as asia's finest. the government denies the law gives it unlimited powers to stop people entering or leaving hong kong, insisting the amendment is aimed at screening illegal immigration at source, amid a backlog of asylum claims. and that people's right to free movement will not be effected. those who go to the u. k. have opted for a new life in a country where koby 19 rates of soaring and job prospects scares. yet that seems preferable to remaining here. adrian brown, al jazeera hong kong sleeping, cra virus restrictions of come into effect in bucharest, on unvaccinated people in our bar from government offices, schools, restaurants, shopping, mouths, and commercial flights under 3 percent of pockets on these have received 2 jobs that it gets that he currently is subject to a one week pos, locked down aft

i think hong kong people including foreign business in hong kong, they'll fully agree on one hand that this situation is changing. i think families, children, over age people, they looked to government to put up a good public-health defense for them. vaccinations and all these in variance may not be entirely proven. reporter: we need to get to the anti-sanctions law. they postpone a vote on that. are you relieved? that will put heavy burden in putting banks in a bind to work with u.s. and china sanctions. our edward: the senate -- edward: the sanction is under -- unjustified and a blatant indifference of hong kong affairs. this is the wrongdoing on the one side. it would be natural to put up a defense but there is nothing from the recent meetings. something we can comment on. my position remains that while those sanctions were hurting both u.s. and other interest in our part of the world. reporter: the retaliation is justified? edward: i would say it is a natural defense. whatever is unfairly imposed on hong kong, we need to defend our interests. including all the people and american i

hong kong. adrian, what reaction has there been? so far to the sofa. well kim, as you might expect, the response from china has been fairly blunt. there was a term statement issued early on friday from the ministry of foreign affairs here in hong kong. they accuse the united states of shameless apocryphal saying that the biden administration was intervening violently in china's internal affairs. the hong kong government for its part not wanting to be left out. also criticize the bite administration, saying that the u. s. was once more smearing hong kong the memorandum the joe biden is this shoot affects many people from hong kong. now in the united states, since 2019, it's estimated that more than 80800000 hong kong citizens have gone to the united states. and what bite is now saying is that they can remain there for another 18 months. what is not clear though, is what happens after that period. will they be allowed to remain for another 18 months now? bite and said they were compelling reasons

. >> i am southern, rude in hong kong. we are cutting down to the major market open. >> i am haidi stroud-watts in sydney. our top stories is our. following wall street lower. the treasury yields also concerning. as the delta variant spreads, helping the global virus fight. and how alibaba's earnings may lift some of the clouds over chinese stock. >> we have breaking news out of south korea. july cpi member -- numbers accelerate faster than expected, growth of 2%. the expectation was for inflation to stay flat. it is also following contraction prices in the previous month of june. when it comes to the year on your numbers, again, above that 2% inflation target. this is faster than the previous month. we have seen those cpi prices for south korea year on year exceeding the be ok's 2% target every month since april. let's turn to sophie for what to watch across markets. >> state caps below 150 ahead of that. switching up the board. checking on aussie bonds. we have the yield curve flattening. we are flipping below that 2% le

and as adrian bryan reports from hong kong, the exodus is growing. hong kong international airport is a quiet place these days except here, the check in area for flights to london. these people are not going away for business or pleasure though. they're leaving for good feeling, a mixture of anger, guilt, and defense. they're being forced out. this is our home. why do we need to leave? i mean, i have been living here for more than 30 years already and it's my home. so it's really sad to leave the home and you see that everything is she's a finance worker and has no job to go to like others who sacrifice careers often for the sake of their children. bolivia. so for many years we have our korean, we have family. yes. so it's a bit upset for the for the future of my child. and i think we need to do with the sex scenes and now being played out daily. as more people join a growing exodus from the territory where communist party rule is being tightened. in the past year, an estimated $36000.00 people have left for britain under a special visa scheme. many supported over part of the anti gov

we have a listing in hong kong later thursday. we will hear from the president exclusively as the startup makes his trading debut. coming up, samsung launching new devices for the latter half of the year, including the new galaxy phone, a direct rival to the upcoming iphone. we will get you the details. this is bloomberg. ♪ >> samsung launched its lineup for the latter half of the year with its new flagship model galaxy being positioned as a direct rival to apple's upcoming iphone release, dramatically reducing the price to $999. let's talk to mark gurman for the details. is the new phone going to give apple a run for its money? mark: this is in a different category from the iphone. the new phones launched today. these are higher end, premium, foldable phones. apple is not in the space. i don't anticipate that for two years or three years. this is a different ballgame. they will not appeal to the same people who would buy an iphone. that price drop on the flip 3 is significant, about $500. the fold, the bigger model with the the

kong or crush hong kong experience. with democracy, iran you president has pledged his country's nuclear program, will almost be peaceful and won't produce weapons. abraham race, he said he would take steps to lift the sanctions, which had devastated the economy shortly after he was inaugurated. as iran's 8 presidents are the hash reports from tehran, this was brian wright use his final step to becoming the new president of iran. the ceremony and early indication of what his foreign policy might look like, there was only one delegation representing to us from the european union, but many leaders and officials from south america and africa, and more significantly, the countries out on the wrong racy says that supply oddity not to be got a much jenny horn interference in the region won't resolved any problems. it's a problem itself. i extend the hand of friendship and brotherhood own regional countries, especially our neighbors. how many lazy criticized us sanctions on his country up to for my us president donald trump pu

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong at the beginning, even after the protests in 2019, like many others, he says he's unlikely to return to hong kong as city that still regards itself. as asia's finest government denies the law gives it unlimited powers to stop people entering or leaving hong kong. insisting the amendment is aimed at screening. illegal immigration at source, amid a backlog of asylum claims. and the people's right to free movement will not be affected. those who go to the u. k. have opted for a new life in a country where koby 19 rates, a soaring, and job prospects scares. yet that seems preferable to remaining here. adrian brown, al jazeera hong kong, which one of you, one of the story aid workers of intercepted a bo, crowded with migrants of the coast of tenicia boats engine had failed, and it was taking in water. it took 6 hours to rescue the nearly $400.00 people. some of them it already started jumping into the sea. on board were mainly men from the rock of banglad

kong -- in hong kong itself. and i guess we are going to have to see. right now, it is all very opaque. we know china is mostly this week going to add to this sanctions law -- the basic law. we don't know exactly how it will be implemented in hong kong. shery: would it be better for china to leave the log vague in order to give them -- law vague in order to give them flexibility to implement it? michael: they were not vague when it came to implementing the national security law. they were very specific about what they wanted to do. we know the chief executive of hong kong has been calling for -- i assume she has consultant with mainland officials -- calling for it to be implemented through local legislation, which was not done for the national security law, which is the normal approach. the justice secretary in hong kong likewise said it can then be crafted to address concerns in hong kong, but again, like i said, we do not know what will come out of beijing. haidi: what are the sector specific risks when you tak

rishaad: coming up, a chat about casino and liquor stores in hong kong. authorities in beijing set their sights on vice. this is bloomberg. ♪ david: welcome back to the show. we are looking at two sectors. vice is the underlying theme, casinos and gaming and liquor stocks on the back of regulatory rifts. a big move yesterday in a lot of big liquor, a consumer staple, 20% quarter to date if we measure from the end of june. roughly from the bow -- about the same time, the losing streak across the casino space. down 10 straight weeks on bloomberg zone peer group, the casino shares. jp morgan this week were talking about when macau -- win macau, saying they are undervalued. rishaad: we have these macau restrictions that will delay reopening taking place. the casino sector according to many, highly undervalued. let's bring in a senior equity analyst at morningstar. july saw a revenues come in and we saw a recovery, but only about 35% of what we had in 2019. this is more than a decimation. >> july is in line with analyst forecasts. china experienced an outbre

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong. it was beginning, even after the protests in 29 team, like many others, he says he's unlikely to return to hong kong as city that still regards itself. as asia's finest government denies the law gives it unlimited powers to stop people entering or leading hong kong. insisting the amendment is aimed at screening illegal immigration at source, amid a backlog of asylum claims. and that people's right to free movement will not be effected. those who have gone to the u. k. have opted for a new life in a country where koby 19 rates of soaring and job prospects scares. yet that seems preferable to remaining here. adrian brown, al jazeera hong kong, so head on algebra, indonesia, last generation social workers struggle to find foster care for children, orphaned by the pandemic. 50 years after the dawn raised on pacific islanders new zealand government makes a formal apology. ah hello good to you. it has been nonstop rain for parts of western india, for exam

we have had fantastic results in hong kong and china. despite the challenges of the pandemic and the issues in hong kong in particular over the past year, we have turned in very good results. those things all drove the gains. that is all offset by the one thing that we knew coming in which was low interest rates. zero interest rates is bad for banking/ we knew that coming in. we were able to offset a lot of that. >> we are talking about a right back. i think it is really dumb ultimately to governments' fiscal support or could we put it on the doorstep of the pandemic and the economic crisis that has not been as bad as the provision for? bill: the thing that is different about standard chartered, we did not release material reserves, but what we did have was no losses. which is speaking to the very high credit quality of the portfolio. is that helped a lot by the government support programs? absolutely. it is also helped by low interest rates. low interest rates take away from our income, but support our credit portfolio. >> second quarte

-- pounding their fist saying this doesn't look good for hong kong? >> our job is to make sure we have a good connection with the wider world. such exceptions are being made in good faith and with sufficient data. ♪ manus: it is "daybreak europe." risk is back in crypto. we are roaring back on bitcoin, above $50,000 for the first time since may. that has a consequence. who is leading who? the bloomberg crypto galaxy up 2.7%. you are going to read lots of notes from various people. for those that ever thought i did not look at a chart, 61.8%. i have plummeted new levels of internet. joanna, here we go. thewe were stuck with bitcoin in that $30,000 to $40,000 range for weeks on end. with encouragement from elon musk, kathy would come and a lot of people consolidating, institutions buying at lower levels, it has taken off. now we are at $50,000. manus: i cannot wait to see what elon musk has got to say about the most recent rally. keep writing the articles. they are on bloomberg tv.com. joanna aust injure -- joanna ossinger, our crypto czar. kamala har

and other hong kong and hong kong authorities to undermine again what was promised to the people of hong kong. and that is the high degree of autonomy state department officials awhile that this may not be the only time that this program is put into effect for hong kong residence. and they also say that people who come to the united states after august 5th could possibly be added to the scheme. but they say, what's really important is trying to ensure that beijing does not continue its repression of political opponents and hong kong or crush hong kong experience with democracy. apple says the next update to its operating system, ios 15 will include new safety measures to protect children from practices. it will enable technology on the device itself to scan and identify images that may contain child abuse, report them to authorities. ensure is editor at large was seen as he says, the company has plenty of questions to answer about how it plans to protect people's privacy. i don't know whether apple knew it was waving into this debate when it did this, but what makes apple an interesting

i spoke with nicholas, the ceo of the hong kong exchange. i asked him about the regulatory crackdown. it is having negative pressure on the market and on ipo's, with ipo's coming in the second quarter, and he talked about this being a long march. let's hear from him. i have contacts to give good -- give. >> the chinese authorities are in the long march to see how they were that will regulate this part of the industry, a new economy. different experiences around the world. they're doing it in our own way and trying to adjust to what is the right way to regulate this. stephen: now he did soften the blow, try to soften the blow by talking about all jurisdictions around the world trying to push regulation and may become down and regulate big tech but the difference is china is putting the teeth behind it. especially with constituents there, the hong kong exchange, the most heavily weighted stocks on the index, three of them, alibaba 10%, tencent number four, 23.3% of the waiting of the hang seng index is on regulatory pressure. that is going to

and hong kong shanghai. asian stocks, a bit of pressure. the pmi coming out of china pretty weak and a lot more regulatory crackdowns. president xi doubling down on his campaign. david: micro and macro really combining, shortening the runway for markets. let's bring in our chief china markets corresponded. -- correspondant. >> we have the pmi services print. one of my colleagues called it terrible. obviously we had the impact from the delta virus in china, really impacting the economy. also a lot to look at on the micro front. we had someone saying this is a different investing climate if you are an investor, and one you have never really seen before because the last time we saw a crackdown that is the size and scope we are seeing now out of beijing was when there was no stock market. it is what he calls a rude awakening. if you buy the dip in china -- he says you better not. every time you buy the dip in chinese shares, you are only looking at 5% upside. it is a very dangerous game to play now, not a great strategy because every time the c

kong, or crush hong kong experience with democracy. maryam: and other stories we are following, half of all cars and trucks sold in the u.s. will be electric i-20 30, if target step by -- set by president biden are met. he has include hydrogen fuel cell and plug-in hybrid vehicles. there are hurdles to achieving this goal, as our white house correspondent kimberly halkett explains. kimberly: it is an announcement geared towards changing the way americans drive. pres. biden: they are a vision of the future that is now beginning to happen. a future of the automobile industry that is electric. kimberly: the executive order signed by president biden sets a target for zero emission cars to account for half of all vehicles sold in the united states by the year 2030. biden's goal, to shift americans toward cleaner electric vehicles, and compete with china. pres. biden: right now, china is leading the race. it is one of the largest and fastest growing electric vehicle markets in the world. kimberly: electric vehicles accounted for just 2% of c

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong at the beginning, even after the protests in $29.00 team. like many others, he says he's unlikely to return to hong kong, a city that still regard itself as asia's finest. the government denies the law gives it unlimited powers to stop people entering or leaving hong kong, insisting the amendment is aimed at screening. illegal immigration at source, amid a backlog of asylum claims. and the people's right to free movement will not be effected. those who go to the u. k. have opted for a new life in a country where koby 19 rates, a soaring, and job prospects scares. yet that seems preferable to remaining here. adrian brown, al jazeera hong kong. iran has denied any involvement in an attack called israeli operated tanker off the coast of oman. 2 people were killed on board the m, the mess on thursday when it was hit by what appears to have been a drone strike. israel accused iran being behind the attack and calls a firm response. took his president, his

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong. it was beginning even after the protests in 2019 like many others. he says he's unlikely to return to hong kong as city that still regards itself as asia's finest government denies the law gives it unlimited powers to stop people entering or leading hong kong, insisting the amendment is aimed at screening illegal. immigration at source, amid a backlog of a silent claims, and that people's right to free movement will not be effected. those who go to the u. k. have opted for a new life in a country where koby 19 rates of soaring and job prospects scares. yet that seems preferable to remaining here. adrian brown, al jazeera hong kong man. mars military ruler has promised new multiparty elections . 6 months off a me see power. main online made the announcement in a televised address, but gave no timeframe for the poles. while the 900 people have since been killed in math protests against military rule, i, new zealand prime minister has made a formal apo

>> on the current situation in hong kong. >> oh, hong kong, excuse me. yes. i think the hong kong demonstrations, on the one hand, are extremely hopeful and a bright spot on the horizon, but also makes one extremely apprehensive. after the berlin wall fell, cracy was on the, and countries more democratic regimes and it looked like the end of history, quote and to use a quote, we got too confident about it. >> the last ten years, particularly the last few years we have gone in reverse, whether it is china getting much more repressive, putin following his usual act, but hungary and turkey, and saudi arabia, and other tendencies, obviously, populism and nationalism, are on the rise in democracies, somewhat under tree. i don't think that is permanent but it is depressing. we have seen a few flickers lately around the world that may be somewhat of a comeback, to people who want freedom have not given up, want freedom have not given up. you see it in turkey. you see it in hun glare gather. you see it even in the soviet union in a limited scale obviously. but hong k

he's adrian brown in hong kong with more on china's reaction. while this decision by president biden will effect tens of thousands of hong kong people now living in the united states. so now be allowed to remain there for 18 more months. what's not clear is what will happen at the end of that period. now many of those people fled hong kong following the imposition of the draconian national security law. more than 13 months ago. and president biden said that law was limiting academic and media freedoms hate and hong kong. and of course, has led to the arrest of more than a 100 individuals, including leading figures of the pro democracy movements. now, in the past few weeks, president biden has also been warning us businesses about the dangers of operating in hong kong. and of course, the united states has been flapping sanctions, not just on chinese individuals, but also chinese entities and china has been doing the same thing to the united states. it is a reminder that hong kong finds itself in the middle of a proxy war, being full between the w

let’s hong kong are undermined. let's no hong kong are undermined. let's to back hong kong are undermined. let's go back to _ hong kong are undermined. let's go back to the — hong kong are undermined. let's go back to the olympics - hong kong are undermined. let's go back to the olympics and talk to marko oi in tokyo. one evening watching the story closely today. hugely important moment injapanese history. tell us more about that. fist tell us more about that. at 8:15am tell us more about that. git 8:15am local time, 76 years ago, the world's first—ever atomic bomb was dropped on hiroshima, killing at least ia0,000 hiroshima, killing at least 1a0,000 people by the end of i9a5 but 1a0,000 people by the end of 19a5 but of course many others suffered from lifelong injuries as well as side—effects. thomas welker visited hiroshima before the game started whether merit hiroshima city pours the competition for a minute of silence. the ioc turned down that request, prompting an on line petition which has been gathering tens of thousands of signatures

yvonne: that was the hong kong travel secretary discussing the hong kong policy. rishaad: the government is seeking to add more countries to its vaccinated traveling program. it looks to ramp up its reopening push. yvonne: we spoke to the minister. >> you cannot rely on any one factor. it is a composite assessment. comprising for example, just to give you a few considerations, instant rates in those countries . and then the vaccination rates. if operational assessments as well. when you establish some the letter travel lane, it is not just about the travel, it is about supporting the infrastructure and protocols ago with it. such as pre-departure testing. how we can verify vaccination and on arrival testing and then the tracing protocols in the country and the response if cases are detected etc. there is a multiplicity of the factors we have to account. anchor: assuming everything goes as planned, houston before other countries are added set list of quarantine free travel? assuming everything goes well >> is ending we have learned from our experience with covid, i

i think the hong kong government speeds up the immigration plan for many hong kong is for us. we did not plan to leave hong kong. it will beginning even after the protests in 2019, like many others, he says he's unlikely to return to hong kong, a city that still regards itself as asia's finest. the government denies the law gives it unlimited powers to stop people entering or leaving hong kong, insisting the amendment is aimed at screening. illegal immigration at source, amid a backlog of asylum claims. and the people's right to free movement will not be effected. those who go to the u. k. have opted for a new life in a country where koby 19 rates, a soaring, and job prospects scares. yet that seems preferable to remaining here. adrian brown, al jazeera hong kong turkeys president as promising assistance to coastal regions scorched by nearly a 100 wildfires. 6 people have died. most of the fires are now under control. are still sort of, there are reports or mon, i got a town in one of the worst hit provinces. clear blue skies lost in a haze. and the once green forest or though

to hong kong? overall, he sounds optimistic, but maybe there are advantages he can get from the rig of the tory crackdowns. -- regulatory crackdowns. manus: absolutely. the biggest bounceback in 70 or 80 years. i'm looking at what the team put out from bloomberg intelligence. it's all there. we've got a few of them to share. why don't we do that? jonathan, our banks analyst, talks about revenue growth and a positive jaw is now the key, the difference between costs and the actual profits that you have there. so, it is a nation sign of topline growth. the timetable are the key positives for the second quarter. dani: hsbc, one of the biggest dividends in european banking, manus. manus: absolutely. we've got a little bit more, all about the cost savings. what have we got? dani: we've got axa coming up, rebounding from costly claims, having better than expected profit. we will be speaking to the ceo next. this is bloomberg. ♪ ♪ dani: good morning from bloomberg's european headquarters. 630 time a.m.

sophie: i am sophie kamaruddin in hong kong. shery: good evening from bloomberg's world headquarters in new york. i'm shery ahn. the u.s. gives full approval to the pfizer biontech shot. the fcc reportedly issues new disclosure requirements for chinese companies seeking to list in new york. we look at the fallout of beijing's corporate crackdowns for global investors in an exclusive interview with the msci ceo, henry fernandez. despite the challenges, we saw chinese adrs getting ground today, broad risk-on with the nasdaq composite and nasdaq 100 surging to record highs. we had more positive economic data when it came to those july existing home sales upsetting weaker pmi numbers but of course we will be watching what happens with those headlines because they came after the market close. haidi: absolutely. we are expecting more pressure when it comes to chinese adrs given that we are now seeing the fcc leaning ever harder in the regulations on chinese ceo's, wanting more transparency on how these structural setups are being made

hong kong. and that is the high degree of autonomy state department officials awhile that this may not be the only time that this program is put into effect for hong kong residence. and they also say that people who come to the united states after august 5th could possibly be added to the scheme. but they say, what's really important is trying to ensure that beijing does not continue its repression of political opponents and hong kong or crush hong kong experience with democracy. well, in other stories are following half of all cars and trucks sold in the us are going to be electric by 2030. if you target set by president joe biden, a mat. these include hydrogen fuel cell and plug in hybrid vehicles. there are hurdles to achieving this goal as our white house correspondent, kimberly how kit explains the it's an announcement geared towards changing the way americans drive their vision to the future. that is now beginning to happen. a future of the automobile industry that is electric. the executi

shery: stephen engle joining us there from hong kong. you can get more context on china's crackdown on tech giants, on redlines china and big tech at the bloomberg technology channel on youtube. this is bloomberg. ♪ >> another incredibly strong jobs markets report. >> very strong report. across all metrics. >> across the board. >> leisure and hospitality jobs were among the top gainers. the service sector shows this recovery is coming in full force. >> this is a critical note for the fed. his notches, we got one big report. it is month after month. >> may be the transitory inflation is going to be with us longer. >> this is not going to be in earlier tightening, but it could be an earlier tapering. >> the fed risks falling behind the curve. >> very encouraging, very consequential report, but i think the next payrolls report will be the decision-making report for the fed. haidi: precious metals are tumbling in early asian trading. the stronger jobs report fueling expectations the fed may start to pair back on monetary stimulus. let's ge