the u.s. has to respond. if the u.s. escalates, this is a very fragile part of the world, from an environmental standpoint. to militarize the arctic could potentially lead to other problems. host: always a good, wide-ranging discussion when you come on. -- the medal of honor. ♪ susan: greg francis, you have a new book out called "just harvest." what is it story? greg: this is a story that depicts the plight of black farmers in america in a landmark case

the u.s., looking at a number of different public programs -- medicaid, medicare, v.a., dod -- big payers for prescription drugs also looking in the private sector. gao had not done for more than a decade, comparing how the u.s. prices look when looking at other -- reflecting other company -- other countries that have a high per capita income. host: give us a sense of the brand name pharmaceuticals you have compared to other countries. guest: we look at two brand-name drugs that were a large part of spending and use in the medicare script drug program, and so in the end, we had 41 drugs that represent significant spending on prescriptions and medicare and that were also available in at least one of three other countries -- australia, france, canada. 20 of those were available in all three countries as well as the u.s., and one example that we traced through with different prices was so nor elect, a commonly prescribed drug for pulmonary obstructive disease. there were 21 drugs that we compared

u.s. eco-data ways on wall street. a reversal in fortunes in the bloomberg covid resilience rankings. asia-pacific countries are the best places to write out the virus. shall mean says the u.s. court has formally lifted all restrictions on shares as it prepares the report earnings. we take a look at what to expect as it emerges from the pandemic. haidi: let's take a look at how we are setting up this midweek session. sophie. sophie: we may see some consolidation at the msci index cap with a four-day gain. that is the best winning streak in about five weeks. we are seeing a move to the upside for nikkei futures in chicago. kiwi stocks gaining some ground ahead of the rbnz decision. looking for any tapering potentially from governors lady today. the dollar in focus. it has slipped to a january lowl , while trading at six year lows. that is why the yuan is trading at a three year high. we will watch the tolerance for that yuan strength. while we are seeing the dollar under pressure, turning u

in the u.s. you have roughly 60 million doses of astrazeneca. it has not yet been given fda approval, but it has been used in different parts of the world, particularly africa. this vaccine is literally sitting on the shelves at the moment. if we were able to get that vaccine out of the u.s. and into africa, we would at a stroke double the amount of vaccine in africa. so there are some very important things we could do very practically to help the situation. here's another thing. yes it is true that we are not suggesting you can vaccinate the entirety of the developing world population in 2021. but we believe you can vaccinate the strategic parts of the population that are necessary. that is densely populated urban areas, key workers, the most vulnerable. here's the thing. for a lot of these countries, for example in africa, they are not yet able to absorb the news of the vaccine that is there. so even though the amount of vaccine in africa is just over 30 million vaccines delivered through the c

., u.s. and iran. iranian people, i think that trust is not just on this nuclear deal that got a abandoned by trump administration and subsequently opposing the sanctionings and had is damage the economy damaged the economy for ordinary iranian not just for the government. it goes all the way back to 53 we trusted america to not interfere in democratic process they overthrew and our hero, we trusted that they would be on our side and -- human on human right issues and not training the cia and come in and train to be torture techniques all of that. we lost the trust there and we didn't trust them after the revolution because they sided with saddam and chemical weapons, and nobody ever helped iran and in that war which has been -- imposed on iran. so this trusting goes on and on from 1953 as you point out now it is particularly because okay now so iranian currency has been devalued. there are shortages of medicine in iran people are in the middle of coronavirus are dying. so this trust issue is

agenda with iran, it is very much u.s. to message politics and the u.s. israel relationship. >> i want to ask you more about the nature of the deal itself. the u.s. as a rent needs to dismantle some of its nuclear activities before the u.s. is going to join the deal. what will the u.s. need to see to get to a position where it would be willing to rejoin? >> that's a very good question. it is not only the united states but also the three european powers. what i understand is since iran stepped out of the jcpoa limits on enrichment, starting in the summer of 2019, it has gathered experience in operating the centrifuges and reaching 22% and now up to 60%. somehow, this expertise leads neat -- not only that the extra centrifuges are more authentic and off-line, but that the data accumulated over the past two years is also erased. this is something very difficult . there is no way of verifying this period i understand iran is not prepared to do that. it is also arguing for maintaining some advances it has made in operating the advanced centrifuges and it says

u.s. trade representative told bloomberg the u.s. better access more manufacturing and more shots any arms. drugmakers are opposing same few countries have the capacity to make the vaccine even if they knew the formulas. moderna coronavirus booster shock get positive results against strains of the virus that have emerged in south africa and brazil according to early results. the boosters have some side effects comparable to those seen after the second dose of moderna's existing vaccine. jeff bezos, 2.5 but in dollars -- dumped $2.5 billion of stock. he signaled more sales are on the way. the world's richest person to holds more than 10% of amazon's shares. spacex now the landing after reaching an altitude of about six miles climb a controlled dissent to its launchpad in texas. elon musk sees the rocket as a future workhorse for trips to the moon and mars. nasa recently picked a sex to develop a new system. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more tha

and in the u.s., $1,229. the u.s. also has, in terms of u gdp, has the highest among the four countries compared in terms of its spending. does that surprise you at all? >> i think that that's what is u prominent in thegs u.s., that i does have not just for dolla prescription drugs but for most health care services, has the highest not only in absolute dollar amounts, cited the $1,200 per person that individuals in the u.s.but are paying for prescription drugs, but also as a share of the economy. and so, you know, i think that was expected. what our report kind of showed s th thatel a big factor in that actually just the price of the drugs themselves, the spending affects both the prices and the amount that's being spent. and this report shows that the actual price for the exact same drug is significantly higher foh brand name drugs that we looked at in the u.s. and other countries, which contributes to why the u.s. is spending more per person and as a share of its economy on prescription drugs. l >> we have calls wai

the u.s. in the good friday agreement. because it is a u.s. priority, and because we must not just deal with the troubles of today, but also deal with the issues of full implementation going forward. with that said, i hold this hearing to allow us to better understand the process and long-standing implications of the good friday agreement in the present day. with that, i will recognize for opening statements. >> good afternoon. thank you, chairman keating, and to our esteemed witnesses today who were instrumental in ushering peace and stability in northern ireland. the united states remains committed to supporting the hard won progress made in northern ireland since the good friday agreement, and helping achieve a prosperous and lasting peace. ireland and northern ireland are a dear place for me and for the people of pennsylvania that i represent. i know the people that everyone in our community represents. my grandfather migrated from the border region. my father helped found the irish-americ

the u.s. is continuing to ease. the u.s. recorded more than 16,000 new covid cases sunday, the lowest daily total since the early days of the pandemic in march of 2020. that is according to data compiled by johns hopkins university in bloomberg. in january, after a holiday-fueled surge, the u.s. was averaging 250,000 new cases a day. in the u.k., officials are warning a highly transmissible strain of covid-19 that originated in india could lead to a major surge in cases. this as the u.k. lifts more restrictions and continues to emerge from its latest lockdown. the country is accelerating its vaccine rollout to people a 35 and older in an attempt to contain the new variant. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 7:00 in berlin, 1:00 a.m. in hong kong. i'm matt miller. welcome to bloomberg markets. here are the top stories we a

but the u.s. committed to working with europe to find a solution to the real problem that led to the tariffs, and that of global overcapacity. they have given themselves i think to the end of the year to work out a solution on steel and aluminum, and we'll have to see how those negotiations proceed. >> do you see in your conversations and given your experience having negotiated some extremely thorny trade issues in the past it really strikes me a trump administration, the president often used tariffs almost as a coercive measure or a weapon to say, okay, give us what we want, and if you don't i'm going to slap tariffs on you. certainly the case with turkey. you see some of that with the european union, france. is there a loss of trust in there that the biden administration simply won't be able to restore? it felt a little like the trump administration was opening a pandora's box where trade and tariffs were being used in new and innovative and potentially hostile ways. is there enough trust to be

that it appears the u.s. is ready to lift many sanctions but that tehran is still demanding more he's taking a very strong posture on this so is tehran bluffing. no i don't think to run his bluff at all and i don't share george's optimism that they're going to come to some conclusion prior to the juda elections for the. iranian presidency which almost guarantees and promises to be a hard liner and just last weekend i saw efforts by the i r g c to try and scuttle that was those those initiatives by. putting out word that there's going to be a prisoner exchange and $7000000000.00 is going to be. paid to the iranian government that just. was denied by both sides so there's there's active internal efforts in inside of iran not through this to to happen and it does not meet the initial criteria that iran had and that was to lift all sanctions before they do anything else secondly iranians are not going to do away which is what a requirement by the u.s. to do away with each other great is centrifuges that they have

u.s. cyber command and the director of the national security agency. and mieke eoyang, the deputy assistant secretary of defense for cyber policy. welcome to you both. in past hearings, general nakasone has been joined by assistant secretary of defense. however, with the challenges faced in that role, we are thankful that ms. eoyang was able to step in. it's truly incredible how much has changed since our last hearing on march 4, 2020. the world has been upended by a pandemic, changing the lives of literally every person on the planet. in the realm of cyber matters, the men and women of the department of defense including our soldiers, sailors, airmen, marines and guardians have had no respite, continuing to operate and defend americans' interest in cyberspace. despite the pandemic, our adversaries and competitors have not let up their cyber campaigns. in the last six months alone, the media has reported almost nonstop on arguably some of the most significant cyber incidents ever to affect

but the u.s. committed to working with europe to find a solution to the real problem that led to the tariffs, and that of global overcapacity. they have given themselves i think to the end of the year to work out a solution on steel and aluminum, and we'll have to see how those negotiations proceed. >> do you see in your conversations and given your experience having negotiated some extremely thorny trade issues in the past it really strikes me a trump administration, the president often used tariffs almost as a coercive measure or a weapon to say, okay, give us what we want, and if you don't i'm going to slap tariffs on you. certainly the case with turkey. you see some of that with the european union, france. is there a loss of trust in there that the biden administration simply won't be able to restore? it felt a little like the trump administration was opening a pandora's box where trade and tariffs were being used in new and innovative and potentially hostile ways. is there enough trust to be

let me give you very specific examples in the u.s. right now. so in the u.s. you've got roughly 60 million doses of astrazeneca. it is not yet been given fda approval but it is being used in different parts of the world particularly africa. this vaccine is literally shutlv sitting on the shelves for the moment. we were able to get that out of the u.s. and into africa we would double the amount vaccine presently in africa. the things we can do to help the situation. here is a another thing because yes it's true we are not suggesting you can vaccinate the entireon developing world population in 2021 but we believe you can vaccinate the strategic parts of the population that's necessary that is densely populated urban areas comic heat workers, the most vulnerable. here's the thing, for a lot of these countries and for example in africa they are not yet able to use the vaccine that's there. even though the amount of vaccine in africa is just over 30 million vaccines to be delivered to the kovacs mechanism and for population of one point to billion people only got

policy to netanyahu he reiterated that the u.s. position is that israel has a right to self-defense and to both men he condemned the firing of rockets by hamas out of gaza so really not as substantially changed u.s. policy and not a real sense of urgency pressuring either side particularly netanyahu to end this conflict john thank you for that john hendren live for us sane washington. and still ahead on al-jazeera dozens more bodies of suspected called $900.00 victims were found floating in india's river ganges and touched down china makes history as they successfully manned spacecraft on mars. surprisingly it's now remarkably warm of a most the u.s. including the northern states and canada they have eventually i think been brought up from the south of course that generates big showers of months ago in texas oklahoma arkansas and up to missouri your light season for the big showers they could get worse i think after the weekend to have just the dogs 26 in minneapolis 25 when you pick and toronto's a 22 this must be a relief to thos

u.s. representatives to the united nations continue to obstruct efforts by other countries who are asking for a joint statement from the u.n. security council which would condemn the violence in calls for a truce for t.v. i'm alex my love it. and for reaction to the latest airstrikes in gaza i was joined earlier by our panel today ariel gold she's national co-director of code pink and u.s. mideast foreign policy expert and john jordan is a political commentator and former naval intelligence officer here is our conversation. well israel is out to finish hamas they want to send a message right now that they're going to they're going to prosecute this to the end they're not going to put up with the rocket attacks anymore no more proportional to for tat that israel is israel is in the counterterrorism business for real here secondly israelis want to send a message worldwide that they take their own national security very seriously and this has implications for iran and what they're basically s

demand for workers in the u.s. leads to calls for legal status for america's undocumented workforce. >> what we've basically done is created a second-class citizen that is ripe for abuse and exploitation. i think we need to rectify that issue and bring in immigration reform. amna: all that and more on tonight'"pbs newshour." ♪ major funding for the "pbs newshour" has been provided by. >> before we talk about your vestments. >> what is new? >> audrey is expecting. >> twins. >> changing plans. >> at fidelity, a change in plans is always part of the plan. >> johnson & johnson. bnsf railway. consumer cellular. financial services firm raymond james. the kendeda fund, committed to advancing restorative justice and meaningful work through investments in transformative leaders and ideas. more at kendeda fund.org. carnegie corporation of new york, supporting educations, democratic engagement, and international peace and security. and with the ongoing support of these individuals and institutions. this program was made pos

u.s. the global anger and the u.s. response. captioning funded by cbs >>> good morning. good to be with you, i'm anne-marie green. this morning the number of new covid infections in the u.s. is at the lowest point in nearly a year. the decline comes as more people continue to get vaccinated, but the cdc is investigating a possible rare side effect found in a small number of teens and young adults shortly after their second shot. laura podesta is tracking the latest from new york. so what is the agency looking into? >> reporter: good morning, anne-marie. well, emphasis on the word "rare." a few teens have experienced myocarditis, an inflation of the heart muscle. the cdc did not specify the number of teens that have come down with this condition but did we ncoater trement, there the seven-day average for new coronavirus cases in the u.s. is less than 30,000. about a tenth of what it was at the january peak. these massachusetts high schoolers can thank the vaccine for their senior prom. >> i

the u.s. threatens to a bed supplies with no restart insight. the white house vows a crackdown as ransomware packers up the ante. australia's prime minister reports the appetite to open borders -- no plans to open borders soon as sydney extends restrictions. annette focus of attention on the economic recovery. after a week u.s. jobs report eases concerns about quÉbec since to mills focus now on inflation and retail data. kathleen: time for a quick check on early trading to start the week. we are going to look at the s&p futures. you may recall if you are watching the u.s. friday, the s&p 500 did hit a fresh record. you can see it looks like it is trying to build on the gains now. it was after the jobs report was weaker than expected, leading to investors and traders to assume, the fed may not be quick to taper bond purchases, let's buy stocks. now, the dollar on the same supposition, slumped to a tenant half week low -- a 10 and a half week low, and this is giving a halo around emerging-marke

u.s. economy. 1.57% yield, bloomberg commodities powered up by what is going on with copper and the broad commodities complex. >> all-time high for copper. the federal reserve financial report is waving a flag on the increase of asset prices, stretch valuations and high deficits. kathleen hays is here with a message from the twice yearly report, why is the fed worried about financials? >> for the same reason a lot of investors are wondering about markets, are those valuations overstretched? has the fed and other central banks had tension from keeping it low, someone from the board of governors, she is the head of the financial stability committee and if the fed put out this broad report, she put on her own statement. she noted all of the vulnerabilities associated with this elevated risk appetite that continues to rise. here is one of the things she said, a combination of stretch valuation with high levels of corporate incentives, they are watching because of the potential to amplify the e

. >> as a u.s. sees a record number of migrants crossing the southern border, we follow one family, hoping for a better life. and a south africa remembers their late queen. the question is, what is next for the tribe? ♪ welcome to world news america on pbs and around the globe. there is no end in sight to india's surgeon coronavirus cases. the country has seen yet another record rise and infections. more than 400,000 new covid cases in less than 24 hours. that figure is almost certainly in underestimation. the virus has spread from india's cities to the countryside, where hospitals are fully equipped. our report contains distressing footage and flashing images. reporter: in less than an hour, we saw 30 funerals here. the government says there were just seven and the whole day. this is the prime minister's own constituency. the human cost is being suppressed. this is the reality all over india. we will never know how many died of the virus in this country. india's land here is where most people liv

here in the u.s. the seven-day average of new cases is below 25,000 for the first time in almost a year and at least check about 131 million americans are fully vaccinated, but the battle continues. experts are turning their focus to vaccinating young americans, warning they could still face long-term symptoms even though their chances of serious illness are low. as americans head toward the memorial day weekend the head of the cdc is encouraging all eligible people to get vaccinated. >> if you are not vaccinated, our guidance has not changed for you. you remain at risk of infection, you still need to mask and take other precautions. and if you are not vaccinated i want to encourage you to take this holiday weekend to give yourself and your family the gift of protection. >>> now to another blow for olympic organizers. a top japanese newspaper, one of the official partners of the tokyo olympics, has published and editorial calling for the games to be canceled due to the pandemic. they also accuse prime

citizens and one is a permanent u.s. resident back in november 2017 the executives were ordered to attend a budget meeting at the headquarters of the venezuelan state oil company p d.v.s. a which on sicko when they arrived mass security agents then jumped and arrested the men they were charged with corruption money laundering and embezzlement among other things all of which they denied the u.s. has repeatedly called for their release saying they were jailed unlawfully back in 2019 the 6 men were also released and confined to house arrest but were thrown back in jail the very same day when vend president trump invited venezuelan opposition leader juan why dode to the white house this latest release is being seen as a goodwill gesture by nicolas maduro to the biden administration as it reviews america's policies towards venezuela but as of now washington doesn't appear to be easing u.s. sanctions on the beleaguered country venezuela continues to struggle economically with cove in 1000 pandemic only making matters worse bef

>> the u.s. is not a central mediator in this conflict and has not been the central mediator, because the u.s. does not talk to hamas. it has been egypt plays the primary role of mediator because it has relations with both and leverage over golf, and is invested. the u.s. role is significant, because it has a lot of influence with israel. the u.s. can be privately and publicly pressing israelis, supporting the egyptians and signaling to the rest of the world that the egyptians are the key mediator, everyone else please don't open up multiple channels. beyond that, we are not the ones who could bring the fighting to a stop. katty: joe biden does not have a close relationship with netanyahu, not one of the first calls he made in comparison to donald trump's relationship. does that help or hinder the situation? >> actually think biden has a pretty good relationship with now, and i think that bidens approach has been to privately push the israelis towards a cease-fire but publicly support israel. he

as the u.s. looks the economic causes of migration, we think regulatory frame work modernization and leveraging digitization to limit barriers would be a way for growth and transparency in the region. how in your view can the u.s. support deeper integration to enable greater transparency, trade and investment? thank you. >> well, this is a great question because unsurprisingly the cap has been on my behind recently as the administration and as the vice-president focuses on root causes. we're asking ourselves a lot of question because central america is a region where we have a trade agreement, but i also want to put that trade agreement in context. it's now 15 years old, i think, 16 years old and this was one of the agreements that was the most difficult to get through congress. i think it just squeaks by. when i talk about the-- >> we're going to leave this discussion to fulfill our 40-plus year commitment to live gavel to gavel coverage of congress. you can watch on c-span.org. two biden nomine

u.s. secretary of state and the blinken has arrived in ukraine for talks with president vladimir selenski he is expected to reassure kiev of u.s. support after russia amassed more than 100000 troops along ukraine's eastern frontier the country's anti-corruption efforts will also be on the agenda. 29 nigerian students abducted almost 2 months ago have been released they were kidnapped from a forestry college in kaduna state on the 11th of march or originally more were taken but some were released early on. israel's president riven rivlin has asked opposition leader jarod to form a new government a day after prime minister benjamin netanyahu failed to assemble a coalition before an overnight deadline if mr lapp its coalition building a successful if you will and mr netanyahu is 12 year premiership the german government has announced plans for more ambitious cuts to carbon emissions the changes follow a constitutional court ruling that the country's current climate laws are insufficient but t

meanwhile the u.s. is continuing its telephone diplomacy, reaching out to key leaders in the region to negotiate behind the scenes. anchor: earlier, the advocacy director for the palestine institute for public diplomacy was on the phone, which is an independent palestinian organization, and answered the question, does the population in gaza really support the hamas group right now? reporter: we focus on hamas and the way they choose and the tactics they choose. we have to remember that israel's occupation, and it has been occupying gaza before hamas existed, so every time rockets are fired from hamas, it is in the political interest of israel to point the finger and turn the attention from theealroblem that they're not willing to solve, which is lift the blockades and basically free palestinian people from occupation and the regime they lived under. -- live under. the palestinian people see the only resistance they see and this is a calculus of hamas, that the only resistance and the only reaion coming

the u.s. and the u.k. today. the origins of covid-19, experts are asking china for information regarding the wuhan lab leak theory. we are under one hour away from the start of cash trading. i'm repeating myself over and over again. that is likely to continue for the next four hours. let's take a look at what's going on in terms of futures this morning. we are looking at losses. although very slight and you are going to see very light trading today. in just a moment, we will talk to an expert about what that means for markets. take a look at the global macro movers screen right now and this is one of my favorite bloomberg functions because it shows you not only what is moving but what is moving the most. do we have a screen in front of our screen? it looks like a camera. there you go. taking it full-screen to make it easier. you can see there are no giant moves. if there were, you would see black boxes inside the green and red boxes but there are some pretty distant -- decent moves. you are ma

the largest u.s. crypto exchange coinbase sing to a record low yesterday leaving the shares does below they $250 reference price for its direct listing and april. investors are pouring into extremely speculative cryptocurrencies. nintendo shares are trading lower after the console maker warned component shortages could affect production. it is giving a conservative forecast for the year overshadowing at her than expected results for the last quarter but nintendo like many japanese companies also -- often set expectations low so it has room to upgrade its outlook. anna: laura wright in london. back to the earnings story, siemens gaining after raising its net income forecast for that year. the latest sign that europe's biggest engineering firm is benefiting from the global recovery led by china. roland busch says he expects the strong momentum to continue. he spoke earlier to my colleague, matt miller. roland: you named it -- automotive. the cars are loaded with electronics and they need -- they have a

the u.s. 10 year yield could move above 2% by year end as the u.s. economy continues to improve. given chatter about fed tapering may weigh on treasuries later this year. shery: let's discuss that budget plan president biden is set to unveil. that would raise a spending to $6 trillion according to the new york times, and run annual deficits of more than $1.3 trillion over the next decade. the plan will offer a first look at the administration's effort to boost the size and scope of the federal government. let's get the details from our white house reporter. this is largely aspirational. so what are republicans offering? jennifer: the budget proposal that will come from the president tomorrow includes not just the run of the mill spending, the spending levels carrying over from last year, but also includes the presiden t's jobs and infrastructure proposal and families plan, which adds trillions to the spending total over what it would be otherwise if those bills did not pass in some form. what

the u.s. for money laundering and tax reasons. granted, other than today, it has been a phenomenal run for cryptocurrencies. they heavily surged ahead, the yellow line i am looking at at this chart. it is bitcoin. for a while bitcoin and cryptocurrencies were trading in tandem with cannabis stocks. that has started to diverge with cannabis stocks losing a little bit of their luster. let's get more on the cannabis industry and bring in kim rivers, the ceo of trulieve cannabis, which reported first-quarter revenue that beat expectations. kim, thank you for your time and congratulations on the quarter. let's talk about the picture going forward. as the economy reopens and people leave their homes, what is that going to mean for cannabis demand? kim: thanks for having me, first of all. cannabis demand has never been stronger. the fundamentals of our business and u.s. cannabis in general are incredibly strong. with our first quarter we just reported, we had 102% year-over-year growth. again, we are

u.s. to asia. a jump in china factory prices did not help. asian stocks tumbled. north america's biggest petroleum pipeline races to recover as president biden says russia has some responsibly to address the attack. welcome to the european market open. 7:00 here in london. i think mark cudmore will join us shortly. let me take you through what is happening with futures, moving downward. that is consistent with yesterday's session. in terms of the picture we saw yesterday on european equity markets, we have a lot of catching up to do with the united states. half of the selling we saw in the united states came after our european our. this is factoring in of that. u.s. futures also looking negative, but nasdaq futures -- all of this in the context of a drop of 2.5% yesterday. maybe momentum is changing a little. mark is with us from singapore. what are the market saying overnight? mark: good morning. it has been a bad day and markets, the negative price action in the u.s. carried on throughou

. >>> u.s. trade representative katherine tai testifies about the president's trade policy agenda and answered questions on the u.s./mexico/canada trade agreement and repairing relations with u.s. allies. >>> the ways and means committee will come to order. good morning and a word of welcome. we are holding today's hearing and a hybrid format in compliance with the rules and regulations for remote committee proceedings pursuant to health resolution a. before we begin, i want to remind members of a few procedures to keep the proceedings running smoothly. first, consistent with regulations, the committee will keep microphones muted to eliminate background noise. members are responsible for unmuting themselves when they seek recognition or when recognized for five minutes. committee staff will mute members only in the event of an inadvertent background noise section. second, when members are present in the proceeding via webex, they must have cameras on. if you need to step away to attend another p

the u.s. restricts travelers from india citing the spike in infections there and a highly contagious variant of the virus. the soldiers are alive from a headquarters in doha and daddy navigator also coming up a deadly car bomb in afghanistan as peace talks between the government and taliban resume and foreign troops begin withdrawing. israel begins bring the victims of a stampede at a religious festival the prime minister describes it as one of the country's worst disasters while many businesses began small struggle will be economic impacts of the pandemic one company has just posted record profits. hello the u.s. has become the latest country to impose restrictions on most travelers from india due to the spiraling number of cope with 1000 cases there starting on tuesday only u.s. citizens on permanent residents will be allowed in india is battling a 2nd wave of infections and continues to register the world's highest single day infections. has more from washington d.c. . the white house says

we make 0% of leading-edge chips in the u.s. that is a problem. we ought to be making 30% because that matches our demand. we will promise to work hard every day. in the short term, see if we can have more chips available so the automakers can reopen their factories. >> critical question and fantastic answer. in terms of supply chain beyond computer chips, there is a lot of discussion about shipping supply chains. covid exposed a lot of challenges. the ship getting stuck in the suez canal exposed a lot of challenges. you have global responsibility, not just western hemisphere, but our mandate -- we thought to ask you an open-ended question about any thoughts on supply chains moving into the region. are there things we should be looking for? is that something that should be a priority of the biden administration going forward as we look to help the region recover from the worst effects of covid? sec. raimondo: that is a fantastic question that i would be very interested to engage in with you. it is definitely the case that we have to resort -- resh

how does the u.s.'s policy factor into this? simone: the u.s. and the biden team have very much been pushing for a return to that 2015 nuclear deal and despite pushback from netanyahu even yesterday, i don't think that will change. no one thinks that's going to change. experts believe we are likely to see a deal reached on a return to the jcpoa, potentially even as soon as the end of june and perhaps even before the iranian presidential election. the iranian presidential elections will be key not just to the u.s. and iran relationship the way that israel and iran send messages at each other. seven mostly hardline candidates. those are the only folks that are going to be on the ballot. particularly, an ultraconservative cleric, seen as the frontrunner. iran always taking a pretty hostile message towards israel but if we get a more hardline person looking out in the months ahead and years ahead, we could see even harsher rhetoric between the two sides. manus: thank you very much. simone foxman at our studio in doha, tracking the middle east headli

u.s. data later on. the big theme is the dollar you want breaking lower, providing a boost to chinese stocks in an otherwise risk-averse day. the bloomberg dollar index still hasn't broken that six-year low it's been testing for more than two weeks. it's purely a matter of time. the big amount of data today will play into that story. that's what we are focused on in asia. anna: we will come back to that later. let's talk about the paris listed apparel footwear design business. a giant of the luxury. they are selling shares at 90 euros apiece. that's the line here. they complete their sale of 5.9% of shares. this following news earlier on this week -- last night in fact. we knew that this was coming. adding confirmation that they have sold. one of the key questions, what do they plan to do with the money? that was questions that analysts were asking about this. where will we see it go next is the question. are they getting cash on hand for a purpose? we will keep watching the luxury stocks at the start of

. >>> as u.s. troops begin to leave afghanistan, we get a reminder of the taliban's strength and determination. >>> and as a suspected smuggling boat overturns off the coast of california, killing at least four. >>> thanks for being with us. well, india is hurtling toward 20 million covid cases as it recorded more than 300,000 cases a day for the 12th consecutive day. the country also reported more than 3,400 deaths monday. as indians battle to get much needed medical oxygen. people crare scrambling to get vaccinated. several regions have imposed lockdowns and restrictions including the capital, new delhi, where a lockdown has been extended until may 10th. and cnn's anna coren is following this story for us from hong kong. she joins us now live. good to see you, anna. so oxygen is, of course, one of the greatest needs right now along with medication and then of course vaccines. what's the latest on supplies arriving from around the world and of course the situation on the ground? >> reporter: sure.

anna: the u.s. commerce secretary giving remarks on china and relations between the u.s. and china. hey big theme of our coverage. with the european results season mostly done, let's look at the winners and losers this quarter and the themes that dominate the market. joining us with an earnings wrap is tim craighead. what does the current scorecard for the first quarter look like? where do we stand on beats versus misses? >> a few vital statistics to think about. first is we now have something on the order of three quarters of the market cap of the stoxx 600 having reported. about half have beat on sales and two thirds have beat on earnings, which importantly to us might be the biggest theme coming out of the reporting period. flat-ish sales generating 50% earnings growth, which compares to the earnings expectation coming into the quarter of about 25%. who is leading, its cyclicals. part of this is coming back. part of it is reflation and driving operating leverage. anna: we did not see all companies who beat rewarded. i wonder if supply chains are the reasons. >> it is an interesti

u.s. futures point modestly lower. the european open is next. ♪ look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. anna: welcome back. stocks lighten inflation concerns shift. there is a fresh warning. france gets back to business with non-essential entertainment venues opening. jp morgan puts two woman in a key role. they could eventually succeed jamie dimon. we have a lot of catching up to do with the united states. united states took a turn for the worse. nasdaq trading during the downside yesterday. we had -- we have some catch up to play here on the european open.

greetings and salutations as u.s. president joe biden wrapped up in a bit full 1st $100.00 days in office he hit several high marks biden signed into law a $1.00 trillion dollar coronavirus relief bill he's pushing full speed ahead on a multi-trillion dollar infrastructure and jobs plan and $200000000.00 kovacs think shots were successfully administered. but it's not all rainbows and butterflies biden's approval rating overall is 54 percent according to yahoo news but americans view the country as more divided than united since biden took office race relations are at a boiling point following the george where protests the derricks job and trial verdict and continued murders of unarmed black americans at the hands of the police . biden can't seem to find consensus on police reforms or civil rights broadly and with razor thin margin.

u.s. has been affected by coronavirus pandemic. here's a look at what's live on our website, c-span.org former homelands security officials testifying about possible intelligence failures leading up to january 6th attack on u.s. capitol. there's also it this sad health committee with paid leave options for working families. and the house oversight and reform committee continueses i review of prescription drug pricing with testimony from the ceo of avi farm pharmaceutical company hearings at 10 a.m. eastern. next comparison of the trump and biden administration policies with formaller acting deputy u.s. trade representative wendy cutler she also talks about what trade could look leak after the coronavirus pandemic. and suggest actions that would not need congressional approval. this is hosted by the atlantic counsel. >> i'm christopher codirector of the strategy and securities new american engagement initiative i would like to welcome you today to our discussion on -- in our future foreign

u.s. secretary of state anthony blinken met with jordan's foreign minister iman surprise in washington on monday in a pre-planned meeting both urged deescalation and committed to a 2 state solution but it's imperative that all sides stay steps to deescalate and calm the situation again i'm deeply concerned about the rocket attacks even as all sides take steps to be escalated israeli forces as a right to defend its people on its territory from these attacks maintaining peace and stability in jerusalem to be our focus right now and ensuring that he. is going to install and for that to happen we do believe that all illegal to follow the measures against either in the evenings or the. ship general or in the terms of the violations into our house must stop the status quo needs to be preserved and the rights of the palestinians need to be respected around the world protests in solidarity with palestinians from beirut to the u.k. and outside the israeli consulate in toronto they waved palestinian

how concerned do you think meanwhile the u.s. policymakers might be by international public opinion seeing what you described as sort of the let's wait and see approach but seeing that as the u.s. not being very active in championing want is to many a human rights issue according to the u.n. to east jerusalem is all compiled these ready courts don't have jurisdiction then in population transfers and eviction of families are illegal. well i think in just the last few hours the fact that the supreme court has postponed a hearing on this issue i think that reflects you know there are legal questions involved in this issue there are significant political questions involved in this issue and the government wants to give time for us really is to think your out you know who will lead them going forward what their policy is going to be and then i think you'll see you'll be the united states will be in a position to act accordingly how much tension is there between the by then ministration more progressive elements do you think in the dem

economy stays driven by the u.s. exit from covid restrictions. >> no, we are not done with the adjustment to a shock. big shock down and big shock up. >> people do not like inflation, but they will tolerate it to a moderate level. >> it is difficult to take a wage increase away. >> they give the impression of over and done quickly -- i do not think it will happen. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: good morning. this is "bloomberg surveillance ." alongside lisa abramowicz, back in the hotseat, i am jonathan ferro. tom keene taking the day off. equity futures down to 10th of 1%. --.2 of 1%. we have to talk about a deal flow potentially in america. lisa: at&t and discovery, discovery acquiring at&t's media assets. at&t just purchased a bunch of these assets within the past six years, offloading it. yet stockholders seem to be happy. jonathan: three years ago, $85 billion were these assets. that is quite some turnaround. lisa: some people are saying if they

the u.s. market has a set of patents that the u.s. patents issues, and in the european system, there are different patents. >> according to your own internal projections, the u.s. market would have saved $19 billion, and instead the u.s. patients will not have access to lower-priced biosimilars until 2023. why would you account for the 80% difference in the price of humera between europe and the united states, other than lack of competition? by the way, unlike what ms. fox suggested, it's about competition in the market. >> we wanted to recoup our investment. the u.s. patent system is designed to give you time to recover that investment. important thing to remember is, like many industries but certainly in this industry, the products that are on the market today pay for the products of the future. we invest roughly $7 billion a year in research and development. it is the humeras and these other products -- >> the gentleman's time has expired. please wrap up. thank you. >> may i add something to this conversation, please? >> with the i

the u.s. has to respond. if the u.s. escalates, this is a very fragile part of the world, from an environmental standpoint. to militarize the arctic could potentially lead to other problems. host: always a good, wide-ranging discussion when you come on.