of course quinn took him up on it. she already had an affair with him and then her dad gave her a free pass.

donna. >> shauna: quinn? i got your text. it sounded urgent. >> quinn: it is.

. >> ridge: we need to talk. >> quinn: uh, now isn't a good time. >> ridge: i don't care. >> quinn: i thought eric made it perfectly clear. the details of our marriage are none of your concern. ♪♪♪ no sugar, no lemon, your usual. >> katie: oh, i guess that means i have been over here quite a lot lately, huh? >> eric: yes, you have. [laughing]

you're taking quinn's side? >> katie: no, no. it's just that she's telling the truth for once in her life. >> brooke: that eric wants her to have an affair? there's no way that's possible. >> katie: trust me. it is. eric is encouraging quinn and carter to be together. >> ridge: no, you wouldn't do that. you couldn't do-- you would never-- >> eric: i would never what? ask my wife to be with another man? but i did, ridge. quinn's back with carter because of me. ♪♪♪ >> hope: more coffee? >> finn: sure. yo

also looking for him in coach quinn ville is not the 1st to resign. a more could follow stand. bowman stepped down as the general manager of the black hawks on tuesday, and also quit is g m of the u. s. winter olympic team. the n h l commissioner is meeting on friday with winnipeg jets general manager kevin shall day off. he also worked for the black hooks in 2010 that coke. so on a several us sports franchises, he, he continued to hold onto that native american t name, another of them, the atlanta braves, a county competing in baseball's wild series. and so many critics, refusal to change is offensive. john hampton recalls the last team and major league baseball, named after native americans his brought their controversial logo and the tomahawk chop. huh. to the 2021 world series, the atlanta braves and baseball commissioner rob manfred insist indigenous americans are just fine with that. but there are hundreds of tribes in the u. s. and many activists, a in agreement between local native americans and the team doesn't make the imagery or the stereot

let's get you to vonnie quinn. vonnie: president biden says he wants to break a logjam in u.s. courts and stave off shortages and delays. he has announced the port of los angeles will begin operating around the clock and says retailers have pledged to step up efforts. holiday shortages would be a political nightmare for the president who is already facing claims's policies are stoking inflation. >> this is the first key step to moving our entire freight, blockchain nationwide to a 24/7 system. vonnie: the sec says the wager has high-profile names. steve bannon is among them. the commission alleges him and others gave cash to start up through an illegal stock offering. some money was allegedly directed to a hedge fund. the sec says more than 95% of the $30 million was lost. finance ministers from the world's biggest economies have endorsed a global tax overhaul. 136 governments had reached a deal over a minimum rate to be set at 15% for corporations. plans have been scrapped after the u.s. said they were is from an

let's get you to vonnie quinn. vonnie: leaders of the group of 20 nations have agreed on a climate deal that fell short of what some are pushing for. the final communique offered little in concrete action and mirrored prior pledges. one of the key sticking points was coal; some nations wanted a deal to end its use. china's economy showed signs of further weakness in october with pmi coming in below forecast. the manufacturing pmi, 49.2, the second straight month of contraction. the gauge was well below consensus at 52.4. both manufacturing and services took a hit from power shortages, surging prices and strict covid controls. shanghai disney will reportedly close from monday after suspending entries over the weekend for a coronavirus investigation. the park said guests we need to undergo testing when leaving, and take another test 24 hours later. earlier on sunday, eastern china reported a person tested positive for covid-19 had taken a train through shanghai. global news 24 hours a day, on air and on bloomberg qui

i'm vonnie quinn. this is bloomberg. haidi: sylvia jablonski joins us next. ubs wealth management seen both management practices stabilizing. this is bloomberg. ♪ haidi: the world bank chief economist expects a recent spike in inflation to continue. she told kathleen hays that the banks are a very tough vision. >> post-covid is not just about the kind of decline in aggregate demand, sharp declines in aggregate demand we had after the global financial crisis and even more forceful ones after covid. it's about aggregate supply shock. they are not tightly bundled, like they were in the 1970's. many supply shocks are manifesting themselves in all kinds of pressures and and bottlenecks and shortages and the like, which make for a more persistent and stubborn inflation. kathleen: are central banks waiting too long to address this? >> i gave a lecture a couple of weeks ago on the issue of central banks and my sense is central banks are in a tough position in which they don't want to derail what could be a f

i am vonnie quinn a. this is bloomberg. david: are you guys ready to head to taiwan as they will reopen their borders to the world? we will speak to the president of the thai hotel association and what the return a travelers might mean for the struggling sectors. rishaad: we're looking at china to ease worries about the impact of the energy crisis on its manufacturing industry. we got that next. this is bloomberg. ♪ rishaad: let us have a look at a bit of news coming out. china will ease bank mortgage limits for the rest of the year. one source says all those factors that kept the lid on house prices going up and these helpers in trouble at the moment loosening some of these curbs is something they need to do to get these property developers over the line as it were. we have china said to be easing bank mortgage limits for the rest of the year. what do you make of this? david: just looking at the headline, might alleviate why we are seeing a slowdown and the ability for buyers at least, to access those mortgages. it remov

i am vonnie quinn. this is bloomberg. ♪ yvonne: still ahead, a look at what is next for the bok after it held off on back to back rate hikes. rishaad: next, an update on the flooding in china. there are wider inflationary concerns from the global energy crunch. this is bloomberg. ♪ >> do we really think what we are seeing now is going to move the dial on the inflation outlook? i don't think that is obvious. >>>> i think there is a transient component and a permanent component. it's probably an inflection point. >> i think that central banks would be able to get through that without having to depart significantly from the path they have. >> as central banks taper, the rates go up. it's not terrible as long as inflation doesn't go up. >> there a lot of debt, and movement will affect that. david: you heard it, some concerns topping the agenda on inflation. central bankers facing rising price pressures. a lot of that comes down to the prices you are going to see under screen, recently iron ore picking u

i'm vonnie quinn. this is bloomberg. haidi: coming up next, we take a look at apple's biggest macbook pro overhaul in years. this is bloomberg. ♪ haidi: capital has taken its most aggressive steps to replace chips from intel with its own one. the new mac book pro features its own semi conductors and has updated its airpods. our apple reporter joins us now with the details. what stood out to you when it comes to this launch? how quickly is that going to help supply chain issues? >> today was a massive launch. the new macbook pro, expectations were skyhigh and apple either matter slightly exceeded expectations for this ne machine. the new processors are the talk of twitter at this point, based on apple statistics and the numbers they are putting out. these blow intel machines out of the water. in terms of vertical integration, this is the fourth or fifth mac line apple has transitioned to. these are processors based on the arm architecture designed by apple and manufactured by tsmc. but we've seen in terms of supply chai

first word news with vonnie quinn. vonnie: the head of the german company that developed the first covid-19 vaccine says the new formula will be needed by mid-2022 to protect against future mutations of the virus. the cofounder and ceo told the financial times that current variance such as delta were not -- undermine current vaccinations but he says move strains will emerge that can invade mr. schatz and the body's immune defenses. u.s. progressives looking for ways to rescue president biden's domestic agenda have opened to door to -- the door to scaling back some social spending. nancy pelosi scuffled last week's planned vote on a $550 billion infrastructure package. progressives first one agreement on $3.5 trillion in social spending and tax increases. >> one of the ideas that is out there is fully fund what we can fully fund but maybe instead of doing it for 10 years, you fully fund it for five years. vonnie: the philippines president says he is retiring from politics and will not be seeking the vice presidency in 2

i am vonnie quinn it. -- quinn. haidi: they will say smaller than expected budget deficit over a recovery in the nation our conversation is just ahead. this is bloomberg. ♪ >> the worst of the viruses impact on the economy is likely behind us but we obviously, have inflationary pressures, particularly on wages. we have an active debate around infrastructure spending and fiscal spending in washington, potential tax increases. we have eight complex dynamic with u.s. and china. there is still some uncertainty around the delta variant. haidi: goldman sachs ceo on the headwinds for the markets. shery: it is time for morning calls. what are you watching? sophie: among those headwinds, supply chains front and center. at jefferies, they staying bullish on the energy sector. there will be revisions as well as strong cash yields there given the energy shortages are stretching not only from construction but power generation with seasonal demand pull factors working with the inter-elasticity of energy supply. they are conside

i'm vonnie quinn. this is bloomberg. haidi: of straley as crown resorts of been sound -- found not suitable but will be allowed to continue operating. it came after a months long investigation. it seems like they stopped short of stripping them of their license. what do they need to do? paul: they are going to be operating under supervision the next couple years, but the report was pretty damming, saying crown engaged in illegal conduct, dishonest, exploitative, and the wrongdoing was so widespread that no other finding was open tp the -- to them. it does allow them to keep operating under supervision, but it fails to win a lessons to open their brand-new casino in sydney. you are seeing images of that impressive building now. the report found a net case it turned a blind eye to money laundering, similar to what is happening in melbourne as well. crown's other resort in perth also under investigation. so this saga is not over. kathleen: so what's next for crown? paul: it could have been a whole lot worse. the premier in

i am vonnie quinn. this is bloomberg. shery: the incoming japanese prime minister is revamping key positions in the ruling party as he looks ahead to a general election in one month's time. let's get the latest from sophie jackman. so based on his reported cabinet picks, what can we expect from his incoming administration? >> he will officially become part minister today and announced that cabinet as well and media reports have given us a peek at that cabinet. the message, mainly continuity with a little bit of spice. the foreign ministry and the defense ministry are sent to remain unchanged. the big change, the finance minister. that has been held by taro aso, the longest running japan minister in modern times, 81 years old, who will pass the position onto his brother-in-law so we can expect some measure of continuity when it comes to following those abenomics principles of economic and fiscal policy. when it comes to change, key sheet will set up -- kishida will set up a new position. we are yet to see what that means f

i'm vonnie quinn. this is bloomberg. shery: still ahead, store closures and supply chain disruptions hit retailing's bottom line. up next, we will ask the pepper international ceo why she is cautious on oil. this is bloomberg. ♪ >> the supply chain interruptions, natural gas and other things have clearly been real. some of that is temporary., but not allof it i think we are in a period where inflation will force the fed to move aggressively than they are predicting. >> right now that inflation is not temporary. as people worry about it permanent, it will conflate that up. >> inflation is rising at a higher pace than we thought it would be a few months ago and certainly will be there for a bit longer. we are seeing a bit of pressure in wages, but not across the board, really oli and certain pockets -- only in certain pockets of the company. paul: there are some of the big u.s. bank leaders speaking. let's bring in carol pepper, founder and ceo of pepper international. transitory becoming a dirty word when we talk about

l continues. despite the sudden resignation of a coach joe quinn vote. he stepped down on thursday night over his role in the chicago blacklist sexual abuse scandal with these pam, his team in the middle of a historic run. and on friday, they pulled up a 32 overtime, win over the detroit red wings to become only the siblings to the n h l. history. to begin a season with 8 straight victory, secure f. now just to sure of the recall tain williams achieved by the to wanted maple leafs and buffalo sabres wanted of the man now in temporary. george at the panther's is andrew brunette. he says they are still reeling from the loss of coach quinn. val, when he was in charge of the black oak speck in 2010 quinn will, and others failed to properly investigate allegations of one of the players that had been sexually abused and to side day for were organization. it's a saturday for our players society day for the game hockey that this is still lingering in our game. it's a great game and you know, we've had years, you know, has gone on and, and up. we're better not. y

if everyone quinn vill one a 3 stanley cups with chicago and is the 2nd most successful coach in an h l. history. he resigned with about 3 is and $15000000.00 left on his contract with the pompous. he's made the best ever start to an end at h l. a season on friday, they're listening to the come franchise in history. we're going to season with 8 straight victories. so then i also looking for a new coach. quinn, val is not the 1st to resign and more could follow. stan bowman, step down is the general manager of the black hawks on tuesday and also quit as gm of the many us winter olympic hockey team. the n h l commission that is meeting on friday with winnipeg jets general manager kevin. shove a day off. he will say what the black hawks in 2010 the black hawk. so one of several us sports franchise as he continues out on their native american t name. another of them, the atlanta braves, are currently competing and faithfuls while series and for many critics, their refusal to change is offensive. as john henry reports the last team and major league baseball named after native americans his

let's get you to vonnie quinn. vonnie: democratic senator elizabeth warren has criticized the federal reserve leadership saying fed chair jay powell shows bad judgment by failing to stop unusual activity. senator warren questioned why powell did not prevent individuals from making the investment. she repeated her opposition to his reappointment. >> last week, i said i would not support chair powell's renomination because in one decision after another, he has consistently failed to serve as an effective financial regulator. that is not his only failure. chair powell has also failed as a leader vonnie: vonnie:. meanwhile, chair powell has received the backing of more than half the republicans on the senate banking committee, could help him secure a second term. he has broad support from democrats. his term expires in february. a former senator in the philippines announced his candidacy via a facebook video. the 64-year-old joined a crowded field that included many pack yellow -- included a boxer turned senator. hong

i am vonnie quinn. this is bloomberg. >> still ahead, we discussed japan's efforts to confront racism in the workplace with professor hwaji shin. up next, time is running out for china evergrande group to avoid default. we discussed the latest impact with jenny zeng. this is bloomberg. ♪ >> evergrande is facing a potential default as a grace period for its latest interest payment expires saturday. our next guest says what happens next for evergrande is not as important as what happens to china. jenny zeng joins us pure great to have you back. what does this mean for the chinese economy as we into new to see more pressure for other developers as well? jenny: yes, you are absolutely right. to pay or not to pay is the question but probably a more important question is what happens to other developers? and what is the spill over the broader economy? if we look at the u.s. dollar market, this market wall small in the grand scheme of things is telling us that actually there is extreme strength in the market

i am vonnie quinn. this is bloomberg. >> indonesia is the second southeast asian country after singapore to impose a carbon tax. there was criticism that the raises too low. there finance minister told bloomberg the country must employ those in his tax -- must impose taxes cautiously. >> our general revenue increase from this tax refund is definitely of the -- proposal. during this covid situation, the extra spending for -- is significant. we have to scale under the social safety net as well as support the business in order for them to afford to recover. also, new building infrastructure. we just acquired -- to stay productive. it all comes to general spending. it is just when we prioritize for the government. at this moment, human capital may health and social safety nets infrastructure, and many infrastructure for the green new infrastructure is going to be critical for indonesia to recover. >> i am glad you brought up green economy because indonesia has announced a carbon tax. even if it has been cri

i vonnie quinn. amshery: the federal reserve may start tapering at the next meeting, but our guest spoke to tom keene and jonathan ferro. >> in 2022, just under 2% by the fourth quarter of next year. in the near term, i think there is still some reason to expect stronger growth. the trend is down, but i do not think it is going to be a straight line. a boost from the receding delta wave, and i think the inventory cycle is also going to boost growth, but this is all and the relative short-term, and going forward, we think there will be a significant result. tom: whatever the flavor of inflation here, what does it do for the inflation-adjusted wage? jan: i think it depends on whether you look at the top end of the wage distribution or the bottom end. i think at the bottom end, we have seen a short acceleration in wage growth. we think about 6% with all of the changes in composition, and that is obviously the strongest we have had in many years. i do think that the expanded unemployment benefits are a b

to vonnie quinn. vonnie: the biden administration will directly engage with beijing to enforce commitments in the trade deals struck in under president donald trump. an official says all is on the table, it does not intend to escalate tensions. cath ri will speak soon to china advice premier and she'll put u.s. economic interests first. >> i am committed to working through the many challenges ahead in this bilateral process in order to deliver meaningful results. but above all else, we must defend to the hilt our economic interests and that means taking all steps necessary to protect ourselves against the waves of damage inflicted over the years through unfair competition. vonnie: taiwan has a 56 total military aircraft were detected on monday as beijing steps up military near the islands. the 72nd anniversary of the founding of the people's republic of china. the u.s. urged china to slow flybys, it could lead to miss calculations. another chinese developer has failed to repay a maturing bond echoing

i'm vonnie quinn. this is bloomberg. haidi. haidi: still ahead we'll get some insight into the a.d.p. economic outlook for developing asia. the impact of these global energy prices and the shortage with a.d.b. managing proper woochong um. coming up next we discuss the global economy as well. carmen reinhart chief economist at the world bank is with us. this is bloomberg. haidi: we are hearing from the australian treasurer speaking at a conference talking about an expectation of 3 pes or more contraction from the australian economy in the third quarter g.d.p. and we do know that most analysts and economists are expecting a pretty steep contraction particularly when it comes to the month going into september as we have had a lengthened lockdown across major economies in new south wales and victorian, we know sydney has just emerged this week from some of those lockdown restrictions, melbourne and victoria still remaining under lockdown. frattinberg also saying that vaccines prief a light at the end of the tunnel for the economy i

i'm vonnie quinn. this is bloomberg. sherri. shery: a look at how bus lead remembers navigating uncertainty in the markets. we'll hear from key voices of the bloomberg invest global conference. before that, we talk strategy with alpha trade c.i.o. max gokhman. find out why he says spooky season for investors is just getting started. this is bloomberg. >> there's not lost places to ga regime like we're in now. >> it's a very good time to be liquefying assets. >> markets are liquid. so exiting makes sense. >> i'm not saying the market is going to go down 20% tomorrow but i am saying that there is sensitivity. >> do you still want to own equities? >> if we've got reasonable growth, equities, they are in the end tina, they're the only alternative for most people. >> what you don't want to own is long duration fixed income. >> long bonds feels like the wrong answer. >> because there you're more vulnerable. there's no place to hide. >> many institutions certainly seeing a home for crypto in their portfolios. >> and crossing th

i'm vonnie quinn. this is bloomberg. david: iron ore, coal, natural gas, thermal coal -- here we go. 13% down. that's just today. we have seen price dislocations of this sort in recent days on the back of these efforts to take some of the steam out of the coal market. haslinda: china capping prices, but expectations have stalled growth, also impacting the outlook for demand. our commodities reported joins us from shanghai. china planning to cap the key coal price, and we have to ask what this means. how will it do that? >> yes, another day of drama in the coal market. the latest thing is the plan to by the government, which we reported yesterday, according to people familiar, the government is planning to cap the price for cold that minors can sell at. that's just an effort to try and reign in this big spike in coal prices that we have seen over the past two months that has caused power companies to start shutting off jobs. the government is going all out to try and produce more coal supplies, putting other fossil fuels

we have vonnie quinn in new york. bonnie: thank you. president biden has signed a spending bill to avert shutdowns including funds to help recovery efforts from wildfires and hurricanes and to help resettle migrants. the european union has postponed the next round of negotiations for a free-trade agreement with australia for one month. the report citing unnamed officials in russell's saying unresolved issues mean the talks will not happen in november. relations have soured over camera's decision to scrap that's simmering deal and joint a nuclear packed with the u.s. and u.k. the incoming japanese prime minister will reportedly name a new finance minister. the current minister has healthy office for longer than anyone else in the country's history, but his brother-in-law is being tapped to take the post. bloomberg's vaccine tracker shows more than 55 countries have yet to hit the 10% vaccination target. the number is seen as a crucial milestone to narrow the gap in vaccine access. it also narrows the challenge for covax delivering vaccin

i'm vonnie quinn. this is bloomberg. haidi: opec says it's not yet ready to boost oil production as prices surge across energy market. we will be talking with the nasdaq senior director of energy capital markets tamar essner. and coming up next we get that market insider investment strategy from the president and c.i.o. of gibbs wealth management erin gibbs is joining us. this is bloomberg. bloomberg. >> that is the only mandate of the fed. price stability and full unemployment. and let's be clear. right now we don't have price stability. inflation at 5% is among the highest numbers that many in this room have ever seen in their lifetime. and the bet is it's transitory and that's a big bet. shery: founder and c.e.o. ken griffin who thinks calling inflation transitory is a big bet. our next guest says investors should have investments in both value and growth amid those inflationary concerns. let's bring in erin gibbs, president and c.i.o. at gibbs wealth management. erin, always great having you with us. let me get start

i'm vonnie quinn. shery: asian markets lacking clear direction early in the session. let's turn to sophie for what to watch. sophie: half an hour into trade for sydney stocks. fluctuations with gains being capped with the drags we are seeing an energy, materials and consumer staples. bhp posting a three-day gain after posting a drop for the third quarter. it did maintain its annual output of guidance. the world's largest miner of metal backing the fund to invest. tech stocks rising nearly 2% in sydney, including zip gaining ground after reports of strong first-quarter. looking at aussie bonds, the head of the rba meeting minutes, it is taking a breather as a 10 year yield is studying. just holding above the 78 level. we do expect the belly of the curve to underperform in the months to come. ahead of a 20 year sale in japan, we futures sticking slightly higher. the option is likely to be seen, but they cautioned against the risk of yields climbing further. this is as bets continuing inflation. haidi: ap

you can see the ♪♪ >> quinn: i have spent the best years of my life right here. in this house with you, secure in the knowledge that nothing could shake us. and i miss that. i miss the ease. i miss how natural it was, and how content we were. >> eric: i miss that too. >> quinn: these past few weeks, they have, they have been so confusing and so emotionally draining, and i, i... i am right back to being on the defensive, constantly with your family again. >> eric: and all of that because of what i, what i put into motion,

in i'm vonnie quinn. this is bloomberg. rishaad: bloomberg markets, goldman sachs telling us why -- were going to hear from the cohead of investment banking and others later. david: chips in focus, third quarter today -- sebastian will be coming on the show in a couple of minutes to talk us through his expectations and his call for the ongoing chip crisis. this is bloomberg. ♪ >> a>> college student during the great separation in the 70's, there are differences in persistence and inflation. yes. i believe it is more than transitory. >> there are transitory forces and as long as we see inflation expeditions remaining anchored and -- we expect to see a return to normalcy by next year. >> prices, oil, gas, coal prices are a serious challenge for the global economic recovery through higher inflation. >> the biggest worry to be sure is stagflation. >> my baseline case is not for stagflation. rishaad: the prospects of that as word -- s word amid these pressures, david: stephanie. no, stagflation. let's bring in kathleen hays to

let's get the first word news with vonnie quinn in new york. vonnie: australia is moving to ease its cover travel restrictions, planning a seven-day home currency. it currently mandates a 14 day hotel stay regardless of inoculation status. the new system could be introduced as soon as november but only in states that reached 8% vaccination rates. us really says it will add sinovac to its list of recognized covid shots. bloomberg's vaccine tracker shows more than 55 countries are yet to hit the 10% covid inoculation target. the number is seen as a crucial milestone to narrow the gap in vaccine access. it also illustrates the challenges of covax to send shots to every corner of the planet. it now has production delays, export bans and hoarding among the issues. the unprecedented spike in european energy prices is amplifying concerns about public support for the most ambitious climate reform. we are told environment nesters will debate the crisis early next week following the call to carefully consider its impact on an economic overhaul. the europ

his feelings for quinn. he really loved her. ♪♪♪ >> carter: so, i'll rewrite e

i am vonnie quinn with the first word news. yi gang from the pboc says the china can contain the contagion effect from evergrande to the rest of the economy. president xi jinping maintained strict measures to cool the property market. he said systemic risk can be prevented. >> i think overall, we can contain the evergrande risk. first we will try to prevent the contagion from evergrande to other companies. secondly, try to contain the risks for the financial sector. vonnie: the back of england governor andrew baylor has bolstered the risk. he said the central bank will have to act to calm inflationary forces. he said higher energy costs means inflation pressures will linger. they boe will start raising rates in the final months of 2021. the pandemic era supply shocks are intensifying. the port congestion tracker shows 511 container ships waiting off hong kong and shenzhen ports on friday. that pileup were sent a typhoon in hong kong mid-week. 77% of ports are experiencing abnormally long times in turnaround traffic. indonesia's

i'm vonnie quinn. this is bloomberg. haidi: facebook shares rallied in late trade as lid is results showed more people are using the app than predicted. it was a bit of a relief for investors but going forward, there are serious concerns, particularly when it comes to the younger demographic. >> yes. today's results came on the heels of some revelations concerning internal documents at facebook which show facebook is losing its grip among some of its younger users, including teens and young adults. they are not signing up for the platform at as high numbers and spending less time on the site. that raises concerns among investors on the earnings call. chief executive officer mark zuckerberg said look, this is going to be a priority. he said facebook is going to retool some of its teams to continue to attract that young adult cohort. kathleen: so he is going to try and do that at the same time digital advertising is the name of the game. how many ads you can get. if you cannot keep the younger audience, how much bigger of

we have vonnie quinn in new york. vonnie: president biden has told house democrats that his presidency and their political fortunes depend on his economic agenda. the $1.75 trillion ring work released thursday has won widespread praise from democrats, including progressives who had wanted higher spending, but they continue to hold of the other part of biden's agenda, and infrastructure bill. biden: long-standing compromise is the only way to get things done in democracy, important things done for the country. i know it's hard. i know how deeply people feel about the things they fight for, but this framework includes historic investments in our nation and in our people. vonnie: countries still arguing over timing and objectives that are crucial to keep climate change in tech. they are still drafting a commitment on climate change which would give individual countries wiggle room on carbon emissions. beijing's updated plan reiterates plans to reach peak greenhouse gas emissions before 2030 and then zero by 2060, adding

i am vonnie quinn. yvonne: later on, former australian trade minister stephen analyzes the contentious relationship with beijing, which is bidding to join the transpacific trade deal. rishaad: southeast asia start is taking off with a recent surge of investments falling away from unicorns across the region. this is bloomberg. ♪ yvonne: breaking news here, alibaba unveiling itself design five millimeters server chip and unveiling it. it's a way to promote the wholesales -- the wholesale that china is aiming for when it comes to their own tech players, making their own semiconductors. this puts them in play. some of the big global rivals like amazon and google, and replacing silicone from their -- from these traditional chipmakers. you see the stock there already up 1.5%. rishaad: let's get to what's happening in china. more signs of beijing dialing back with a sweeping economic regulatory overhaul. it is something starting to hit the ordinary citizens. let's find out more as we bring in our asian gover

by the way what is quinn tron and zen mark? >> because of my pranks all the time, apparently the hidden camera, they decided to come to lincoln and in the capitol set up an operation set it up in my office and we set it up in the conference room so when they would bring someone in some poor unexpected soul out in the rotunda and smith say the governor would like to talk to a something he's thinking about would like to get your opinion. they would get seated and would be real comfortable and i'm comfortable what i want to ask them about. it served us well but if we want to break out of the crowd here of names right now, what we should be doing is looking to things like they have in the oil industry, exxon, let's do something different than a regular traditional name. what he think about quinn tron or zen mark, their faces would fall. their mouths in some cases dropped open. one woman said have you lost your mind? we said not yet but that could still happen there's plenty of time. when i tell them smile you are on candid camera i

norah. >> o'donnell: lonnie quinn with the sound effects and weather tonight, thanks, lonnie. tonight, breaking news from southern california, at least two people killed when a small plane crashed outside san diego blocks from a high school. two homes were destroyed. cbs's lilia luciano has late details on just what happened. ( boom ( >> reporter: this is amateur video taken right after the plane crashed into a residential neighborhood just after noon local time >> an aircraft crashed about a half mile up into the houses >> we believe the injuries are non-survivable for anyone on that plane >> oh, my god >> reporter: a witness painted a scene of chaos in the moments after the crash >> cars exploding and tires exploding and tanks and everything exploding >> reporter: she says two men in the neighborhood ran out after the explosion to help a man and a woman trapped in one of the destroyed homes >> they pulled the lady out and they had to knock the fence down to get the husband out. so, hopefully, it was only just those two people in the house. >> reporter: san diego sheriffs set

i'm vonnie quinn. this is bloomberg. shery: still ahead, one of the world's top iron or producers is going green. the chairman will discuss his net zero plan and a push into hydrogen. and u.s. inflation runs hot, managing director teresa jacobson joins us next. this is bloomberg. ♪ >> i actually live through as a college student, the great stagflation of the 1970's. i believe it's more than transitory. >> as long as we see inflation expectations remaining anchored, we expect to see return to normalcy by next year. >> coal prices are a serious challenge for the global economic recovery. for higher inflation. >> you clearly see the inflationary pressures. >> the baseline case is not for immediate stagflation immediately on the horizon. shery: our next guest expects s&p 500 to rise to 5000 by late next year. will discuss the opportunities with teresa jacobson, managing director at ubs private wealth management. great to have you with us. we have seen the kbw index surging more than 40% already this year. this chart shows

i'm vonnie quinn. this is bloomberg. haidi: we are watching star entertainment. the first knit or so, we are seeing huge plungers, as much as 16% lower for the trading of star stock in sydney. what we are seeing is that reaction to that damning reported saying they are being enabled of suspecting my laundry, rhyme, large-scale fraud, and interfering with casinos. star entertainment operates casinos in sydney and brisbane. they gave me giant has come out this morning saying they are concerned about these allegations, a number of them saying it is difficult to speak to the individuals involved but they will be pursuing this and responding by the appropriate state and federal regulations, but we are seeing that reaction now extending the loss, 17.5%, the biggest fall we have seen since march 2024 star casino. we are seeing that, jeffrey saying it us risk their application for 1002 electronic gaming machines at a sydney casino. his coming as the broader tourism, gaming, hospitality sectors really starts to

lonnie quinn, thank you. today, the sheriff of albany, new york, said he did not intend for a criminal complaint against former governor andrew cuomo to become public so soon. the d.a. and cuomo's accuser weren't given a heads up, butrea the sheriff insists there is upt overwhelming evidence against cuomo who is accused in the complaint of groping a woman last year. he has been ordered to answer the misdemeanor charge in court next month. cuomo's lawyer denies the allegation. tonight, a little-known unit within the u.s. border patrol is being accused of interfering in investigations of fatal encounters involving its agents, and now there are calls for congressional hearings to reinvestigate cases long dismissed. enrique acevedo of "60 minutes+" has our cbs news investigation. >> reporter: this border patrol confrontation with anastasio hernandez rojas, who was handcuffed at the bottom of this melee, led to his death in 2010. local and federal investigations found the agents' use of lethal force justifiable. >

the most recent e t, which is called quinn. com. well, to answer your question, samuel, if you're watching right now, i'm actually, i'm on my american tour, which is for my, my, my most recent album, which is called empress from dc hydro toy 2 days ago. i'm moving on to new york and houston as far as i'm african tor, that will be after cove. it's susan. i really me call it well to be over. so let's say maybe 2022 by god's grace. and there will be always more music and collaborations with people over here. oh, so many collaboration questions. all right, let me, let me go over them. collaboration questions on youtube and then on twitter here. so ivan says, working with autism, other countries. how has the experience helped your craft to think about that and let me just share a couple more. are you going to work with the official new mula oh, i got that question a few days ago. so what about a collaboration with tanza? never very know there now. yes, yes. how about the open collaborations? people want to know who are you going to work

norah. >> o'donnell: lonnie quinn with the sound effects and weather tonight, thanks, lonnie. well, tonight, we're following breaking news from southern california, at least two people were killed when a small plane crashed outside san diego blocks from a high school. two homes were destroyed. there. >> reporter: amateur video from right after the crash shows flames and smoke billowing from homes. >> an aircraft crashed a half mile in front of us into the houses. >> we believe that the injuries are non-survivable for anyone that was on that plane. >> oh, my god. >> reporter: witnesses say the aftermath was chaotic. >> cars exploding and fires exploding and the u.p.s. tanks and everything explodingment. >> reporter: she says two men from the neighborhood ran out after the explosion to help a man and a woman trapped inside one of the destroyed homes. >> they pulled the lady out and they had to knock the fence down to get the husband out. so hopefully there was only just those two people in the house. >> reporter: san diego's sheriff's deputies set up a perimeter as fire crews wo

i'm vonnie quinn. this is bloomberg. shery: the pfizer ceo saying mixing and matching covid-19 boosters could work and that would provide likes ability in administering shots. an authorization of the pfizer vaccine in kids age five to 11 is likely by the end of the month. >> this collaboration was pivotal. we may not have taken the money, but it was a collaboration with the fda, in collaboration with the cdc, in terms of making sure we conduct the study the right way and without their collaboration we would not be able to do that. the private-public sector, news about the pandemic, as we had predicted, this virus is here to stay for quite a bit because it has spread all over the world and it has an ability to create mutations and variants. but also as predicted, we should be able to have it well under control as long as we get vaccinated. large parts of the world are getting vaccinated right now, but within several months, those countries -- those tend to be more highly educated nations, i think we will be able to go bac

norah it's all yours. >> o'donnell: lonnie quinn, thank you. now to a major development tonight in the fight against covid. today, an f.d.a. advisory panel gave a thumbs-up to pfizer's mini-doses for children as young as five. and if it clears the final hurdles, those first shots could be delivered late next week. here's cbs' janet shamlian. >> don't look. >> reporter: the f.d.a. decision will impact some 28 million across the country. it's the same two-shot, three weeks apart regimen as adolescents and adults, but only a third of the dose. the shots will have a different colored cap and will be given with a smaller needle. more than six million american children contracted covid since the pandemic started. more than 700 under the age of 18 have died. >> children may get fever, muscle aches, headache, chills, and they may get a sore arm. >> not a big deal. >> reporter: dr. emmanuel walker, who helped run pfizer's pediatric trial at duke university, says 4500 children took part overall. >> which is really a pretty good-sized trial, especially wh

. >>> forecast now from cbs's lonnie quinn. it's going to be a long night for some folks. >> reporter: you bet you, it's been all about rain but talk about the winds into the late night hours. radar picture, center of the circulation is well off shore but spilling as far as syracuse, new york. heavy bands of rain from new york city up to boston, and five inches of rain. from this point forward, we talk about the wind, to midnight, winds, cape cod has a 76-mile-an-hour wind gust. 11:00 tomorrow morning, backed down but not gone. montauk to cape cod, 59-mile-an-hour gusts and ground is saturated and not secure below it. check in on record-setting is storm in california yesterday. it's cleared california and moving tonight with severe weather possible from oklahoma city to dallas. by tomorrow morning, it's houston, lunch-time around new orleans, and flooding and damaging winds, concerned about storms that hold on to intensity overnight. dallas to houston, if you're sleeping, if you have a weather radio, keep it turned on and stay

he says this reading from the loss of coach quinn ville, when he was in charge of the black coax back in 2010 quintinella and the management team at failed to properly investigate allegations. one of their players had been sexually abused by an assistant coach. that's a sad day for our organization. it's a sad day for a players to side day for the game, a hockey that this is still lingering in our game. it's a great game and you know, we've had years, you know, it's gone on and we're better in that, you know, the games better not. and hopefully we learn this time. black coax will also in action on friday, looking for this bus one of the season that i will be soon at $63.00, by the informal carolina hurricanes, who are putting together a fantastic one of the right. the kinds of now one that openings 7 games, which is the best art in their franchises history. in the m. b, a lebron, james was back to the los angeles lakers and have him make it 3 winds in full games . james sat out like his last 2 games with a sore ankle, but he returns the line up against the cleveland cavaliers beside w