kathleen: thanks so much. the father and son team that helped and escape out of japan get their sentences. we have a report. this is bloomberg. ♪ kathleen: a father and son team are set to be sentenced later monday. prosecutors recommended a sentence for more than two years . let's get more now in tokyo. what is going to happen today and what to expect to happen? reporter: it taste for straightforward process -- it is a straightforward process. there was no trial. they were extradited to japan back in march, and subsequently pled guilty, admitted to the entire caper. but they are looking for is a sentence and hopefully one that is reduced enough, both because they have admitted to the allegations, showed remorse, and also served sometime in the u.s. jail before coming to japan, they're either hoping for a reduced sentence or even a suspended sentenced. haidi: why is there so much scrutiny? reporter: that's a really interesting question. it is because he escaped. they have become a proxy for carlos ghosn who

kathleen: i'm kathleen hays. asian stocks face a mixed dart after wall street dipped from record highs with bond yields rising on the surprise surge in u.s. inflation. jp morgan and goldman sachs beat estimates but failed to impress wall street. what is behind the share drop. the white house was set to one american companies about the risks of doing business in hong kong, ramping up pressure on beijing. haidi: we have breaking korea unemployment numbers. we are seeing the unemployment rate hold pretty steady, going lower. 3.7%. the seasonally adjusted jobless rate. we were expecting 3.8% and that has come down from that 3.8% we saw in the month of may and we are seeing more workers coming back into the labor force. stronger sentiment and lifted activity when it comes to hiring as well and is worse coming ahead of the be ok board meeting on thursday and we have been expecting signaling about the start of raising rates this year as these financial risks build but we will continue to watch that particularly as the c

kathleen: good evening. i am kathleen hays. now for our top stories this hour, is in stocks set to open higher after wall street hits another all-time high. investors bracing for a wave of second-quarter earnings as concerns persist about the delta covid variant. negative impact after leaders order it to remove 25 more apps over data security concerns and we hear exclusively from nissan ceo on the challenges of innovating in the electric vehicle market. haidi: earnings season is top of mind for investors as we await those key numbers. let's take a look at how we are setting up in asia. some gains untapped. sophie: we are seeing some fluctuation when it comes to futures so far but nikkei futures are just holding onto two day gains and we have s&p e-minis slipping ever so slightly after we saw u.s. stocks hit a fresh record high. keep a close eye on the oil patch after we saw declines for crude. in asia, we are seeing new restrictions being opposed across the region and that could be dimming the outlook but we have crude holding

kathleen: good morning. for the top stories this hour, christine lagarde tells bloomberg will be guidance on monetary stimulus in 10 days, signaling a new measures might be brought in next year. we will have that interview in a few moments. haidi: china takes its most concrete step yet to crack down on foreign listings, against internet giants. kathleen: sydney's covid lockdown may continue. they are reportedly at a critical point as people are warned to stay indoors. haidi: i know you are monitoring this closely, christine lagarde telling us a july policy change is possible for 2022 measures as well, it may be followed by a transition into a new format. we are also hearing from the ecb president lagarde that we should repair for monetary stimulus in 10 days. new measures might be brought in next year to support the economy after the current emergency bond program finishes up. that guidance will come from the july 22 governing council session, but she talks about interesting variations and changes happening.

kathleen: good evening. i am kathleen hays. now for our top stories this hour, is in stocks set to open higher after wall street hits another all-time high. investors bracing for a wave of second-quarter earnings as concerns persist about

kathleen smith, from renaissance capital. still ahead, we are checking on on how stocks tied to u.s. infrastructure are varying today after a bipartisan senate group says they have reached agreement on some details. this is bloomberg. ls. this is bloomberg. ♪ matt: this is bloomberg: it's. i am matt miller. it's time for the business flash. a look at the business stories in the news. we kick it off of pfizer. they plan to launch a study of a vaccine that targets the coronavirus's delta variant. it explained for the surge of covert cases in the u.s. and elsewhere the first batch of delta focused vaccine shots have already been made. boeing has earned a profit for the first time in almost two years. that hints at a turnaround after one of the worst financial crises and the playmakers century long history. boeing has been in a slump caused by the pandemic but was also kicked off by crashes of its once best-selling 737 max plane. that is your bloomberg business flash update. another story that caught my eye, aston martin has mo

kathleen: thank you so much, james london. let's go to yvonne bana now for the first word headlines there would >> singapore has marked the highest level of coronavirus cases in three months, infections emerging from karaoke lounges and a fish market. health officials say 88 infections were reported, despite efforts at reopening with stricter measures for dining in being reinforced days after they were relaxed. in thailand, writes police shot teargas and fired water cannons at protesters in the capital. thousands march to protest the handling of the nation's worst outbreak fueled by the delta variant. protests came despite restrictions on public gatherings of more than five people. he much of cases have exceeded 400000 and daily fatalities are breaking records. chileans had to the polls on saturday in an election to narrow a crowded field of presidential candidates. voters are deciding which of the two far-left candidates and four right-wingers will advance in the race. the election comes amid social unrest. presidential elect

kathleen: that was a new world development ceo. that was recorded before news came out that new world would demolish and rebuild parts of a new residential product due to quality issues. shares fell after concrete strength in towers one and eight did not meet design requirements. a security analysts estimated the total compensation and construction cost will come to more than $128 billion. haidi: we just got some robust numbers out of japan -- core machine orders blowing expectations out of the water. 7.8% when it comes to the month on month number against expectations of 2%. basically twice as good as expected. the price inflation also beating expectations largely on higher commodity cost. we are also getting strong numbers when it comes to south korea's 10 day average exports. lots more to come, this is bloomberg. ♪ haidi: let's get a check on the markets. back up the strong finish from wall street on friday, up 1% when it comes to the start of trading in sydney. we just had some really good data out of japan and korea as well.

kathleen: i'm kathleen hays. asian stocks face a mixed dart after wall street dipped from record highs with bond yields rising on the surprise surge in u.s. inflation. jp morgan and goldman s

. >> her sister kathleen lived through hours away. either she nor her brother rich could believe what they heard that dark morning. >> the first thing i did was called the sheriff's department. just to verify. >> did they help you? did they tell you anything? >> first he asked why was, then explain my relationship to vashti and then he said yes, there's been a fire. we believe she's deceased. >> and the man standing outside his burning house? that was vashti's husband, brett seacat, her first love. >> they met in high school, they did some stats for a team and he was a wrestler. first little of it high school. first boyfriend girlfriend. >> they broke up and got back together a few times as people do until they finally married in 2004. >> that first love, always holds a special place in your life. >> but biden on the 30th of april 2011, as you will hear brett certainly knew what to do in a crisis, there was nothing here anyone could do to get it back. the life he had with vashti and their two boys, now motherless boys, brendan born in

kathleen: basically, we are not there yet. substantial further progress on boosting jobs, lowering employment, make sure that inflation stays at or above 2% for the foreseeable future. you are not there yet. i think it was and that he said in his prepared statement that we started talking about tapering in june, we have been discussing it, we will be talking about it again at the july meeting. he is not brushing it aside. a lot of interesting questions about mortgage backed securities. those purchases. how do they market? various representatives saying prices are up and people are getting priced out. we really need to keep buying mortgage backed securities. a lot of things are pushing up housing prices. the mortgage-backed security purchases, seem to brush that off. he was asked a question about tapering mortgage-backed and treasuries and he said they have had roughly the same effect on the economy. it is really kind of the same thing area he seemed to brush off that idea of tapering the mortgage backed securities first. haidi

. >> kathleen, give me a break. i mean, my 4-year-old would do better than this. >> honestly -- >> kathleen, no honestly. i want to know the truth. i want to know the truth. >> i know and i'm telling you what happened. >> she stuck to her story. she didn't come off it. she didn't change it. >> i remember keith coming out saying, "i'm sorry," and i'm thinking, are you kidding? i go, i think you pushed her. i think we got her. the next call we got was from an attorney representing her saying that she wanted to come and make a statement. >> and she finally says, no, we were not in the parking lot like i said before. >> she'd never met tom and jackie hawks. she was given documents and paid in cash to backdate the documents. that was one of the most significant breaks we had in investigation, because now we knew skylar and jennifer never had that notarized with tom and jackie and that that was false. >> that was the first domino to fall. then we started pressuring everybody else then, because we knew everybody else had l

kathleen: monetary policy can fuel inflation. the fed adopted this new framework after 10 years, coming out of the financial crisis when there was lot of stimulus. the key rate near zero and they could not get inflation higher. why would that be different now? why should the fed take a second look at that framework? charles: that framework had never been tried before. the new framework is brand-new. it has never been tried before. the difference is, first of all, we have a lot more stimulus than we had after the great financial crisis. two things are apparent -- three things, i guess. one is a lot more government spending, a lot more government debt, a lot bigger deficits, huge amounts -- trillions of dollars of spending by the government. the fed increased its balance sheet in a little over a year. what it did after the great financial crisis in four years or five years, actually, so the third thing that is really important is, yes, there is part of me that is an old monitor. one thing that did not happen after the great financi

kathleen: she was a democrat and trump was a republican but on this, absolutely. she has said that she is pleased with how he has been stirring in the economy through the pandemic. she was on cnbc and she was asked would you support him or a second term and she said that is something i will have to discuss what the president. she had a plum job once she left as secretary of the treasury. i would not be surprised if she comes down on the side of supporting jay powell. haidi: what are the arguments for making a change? he has done such an admirable job. kathleen: a lot of people think that the president, people on his team think that we can satisfy various camps of democrats, particularly the progressive wing if we nominate someone who is not a man but is a woman or person of color and she is on the board of governors. she worked with janet yellen. in fact, a lot of people thought if hillary clinton had won a race to the white house, lael brainard would have been hillary clinton's choice to head the treasury. this is why there is so much spotlight for her. she is in

kathleen: unequal access to vaccines. the chief economist at the international monetary fund said this today on bloomberg television. >> we warned of a dangerous divergence and we are seeing that get worse in the most recent data we are looking at. if you look out into 2025, we have almost no scarring for advanced economies and significant scarring for developing economies. kathleen: the imf season 6% gdp growth after the economy globally fell more than 3% last year. emerging market economies forecasted down to 6.3%. based on 6.7 percent in april but advanced economies, that view is up to 5.6% for 2021, up 0.5 percentage points since what painful forecast in april. the increase in the delta variant cases is one of the main driving this. imf, world bank, no matter what organization you talk to, they say the advanced economies have to help the developing economies get those vaccines rolled out. haidi: kathleen hays there. it's time someone calls ahead of the asia trading day. sophie kamaruddin is in hong kong. chinese stock

kathleen, what can we expect? kathleen: like the federal reserve, the bank of england went through the policy review, the framework review of couple of weeks ago. christine lagarde announced they are inflation targets. just under 2%. and sustaining it there. now they are mimicking other central banks, saying it is going to be just below -- excuse me, symmetric around 2%. does this mean for policy? does it mean for guiding interest rates? how do we know what is going to make them make changes question bloomberg economics, look bring -- let's bring this drink -- screen backup, the governing council will commit in its forward guidance to keeping interest rates unchanged until inflation is forecast to reach or slightly surpassed 2% and remain there for some time within the central bank projection period of two to three years. more specific than the federal reserve, everybody is wondering, averaging of 2% above, how long, a moderate time, what is that. but let's look at what inflation is doing, because that helps us un

it's congressman ted lieu and congresswoman kathleen rice of new york. the two of them have just written to the inspector general of the u.s. justice department, asking for an investigation. they say, as former prosecutors we are concerned about reporting that suggests federal prosecutors had enough evidence to indict mr. barrack well before 2021. it is one thing to have this actually quite scandalous reporting about the barrack,? right there are serious implications about this case being delayed for more than a year. this is a serious case about another country having high placed agents inside and adjacent to the u.s. government in a way that is affecting u.s. policy, in a surreptitious way,

kathleen: joining us now is the former atlanta fed president, dennis lockhart. great to have you back with us. what did you take away from jay powell's presser today, particularly when it comes to tapering? >> i agree with you that emphasis on the employment picture came across, when that question was asked, he went to employment first. i don't know if you can read a lot into that speaking but it strikes me that employment is front of mind on the part of the committee. i think the committee has sort of an image of the pre-covid picture of 3.5% unemployment and participation was substantially above where it is today and i think that that is what they are really aiming for is to try to return to that world as quickly as possible. kathleen: let's listen to something else jay powell said because it struck me that he said we have got to see the improvement in jobs but he's also saying despite the fact that there is a delta variant which he said creates risks, that this stronger job is not just an outlook that it is coming soon. let's listen to this. >> we are clearly

kathleen, you first. how are you feeling about the rip the effects of china's crackdown on the ups market? >> the ipo market is still on fire record-setting levels. maybe there hasn't been enough time for investors to do due diligence. i think we're in for a cooling off, triggered somewhat by what's happening with didi and some other chinese ipos. so the first day positives high, but aftermarket returns faded because it's so high to achieve a return after that first day. so this is good. a little fear in the market will help maybe not the issuers, but investors such as our etf will benefit when prices are a little more reasonable in the ipo market. >> yeah. kathleen, a lot more than a little in the market dave, over to you. tracking inflows into growth funds actually six times higher than value funds this year do you see investors losing their taste for ipos and big tech >> i don't think we'll lose a taste for ipos kathleen won't say it. i'll say if for you. right? the ipo fund she's running doubled the s

kathleen hays is here with the preview. kathleen, what should we be expecting today? kathleen: definitely no hawkish steps. underscoring the virus cases are searching but the governors on track to do that rate hike this year. that was the message there, but not at the doj. they will keep that key short-term rate, they'll keep the 10 year yield curve target at around 0%. but were looking at economic projections, quarterly projections are coming out. want to see how does this reflect the emergency state, no spectators at the olympics. will that make a difference in what the boj is looking for? our bloomberg economics team is looking for a slight decrease of 3.8. they had it at 4.0% back in april. inflation may nudge up a little bit. commodities and oil prices are rising. finally, perhaps with these hawkish prices in asia and the fed getting ready to taper, will there be questions about whether it means anything at all for the boj. haidi: we are expecting more data on this initiative to combat climate change. kathleen: it's interesting, in june they put this on the table

kathleen: a lot of investors would like that. if you have a good fed chair in place whether he is a man, a woman, whatever, when not keep him there? that is what wall street thinks. even wall street officials are looking at jay powell and thinking he is a good choice. his term expires in february. the vice chair, his term is up in fed -- in january. the vice chair for supervision, his term is up in october. what they are seeing is a chance for jode biden, for them to put their print on the fed now. they have not talked to the president. his people familiar with the matter who spoke to bloomberg news. janet yellen has said she has a good relationship with jay powell. she thinks he has done a good job of guiding the economy through the pandemic. if it is not jay powell, the person people are looking at is a very qualified woman. she is on the board of of a nurse. she has worked with janet yellen. -- on the board of governors. she has worked with janet yellen. that is the job janet yellen god. if they don't choose jay powell, people

kathleen dawson, james beattie. .. they kathleen dawson, james beattie... they finished well clear of china and australia and it continues this remarkable competition for british swimmers, now winning four gold medals and abilities games, the most for team gb since 19 awaits. adam peaty has a second gold, on the left there. the same can be said for james guy next to him. the usa's caeleb dressel is not on his third gold medal at the tokyo olympics, he set a new world record as well in the 100 metres men's butterfly. he still has more to come at these games. back to team gb, or other gold medal performance today, and another new team event at these games in the triathlon, the first—ever mixed relay triathlon. two men and two women on each team. team gb won the first gold medal. alex he produced a stunning run at the end, leaving the usa and france on his wake. he used to run in the 10,000 metres, but switched to triathlon. at last, in his last olympics, jonny brownlee can have a gold metal around his neck as he moves on to new challenges to add to his bron

kathleen hays is here with more. christine lagarde went to great lengths to explain the framework. what were the takeaways? kathleen: for a year and a half, the ecb worked on this policy framework. they came back on july 8. christine lagarde announced instead of targeting inflation under 2%, it is at 2%. today, it was about how is this going to work? they were saying in the policy statement underscored repeatedly by christine lagarde, no rate hikes until inflation has reached 2%. it must hit 2% before the end of the three year projection. -- projection period. inflation must be seen to be stabilizing at 2% over the medium term kid a lot of peoples -- medium-term. a lot of people said this means no rate hikes for years to christine -- for years. she kind of pushed back about freezing it that way. listen to what she said. >> it is not intended to keep interest rates low for longer. it is intended to deliver on our objective. it is intended to reach the target of 2%. this is what we want to do. the quicker we can do that, the quicker we can use those other tools we have not used a lot

she's super organized, and i want to thank my sister, kathleen, the project manager. all the way through, kathleen, we felt like you had our back, and thank you for seeing this through all the way from 2015, 2016, something like that. it means a lot. and thank you to all the e.m.t.s and paramedics and 49ers who have -- just keep on going out and doing the work that needs to be done. and i know this is a great step in the right direction for e.m.s. in the san francisco fire department, and i can't wait to see what more we can do, and with that, i want to introduce assistant deputy chief sandy tong, who is the assistant deputy chief of e.m.s., and i couldn't have picked a better person for this role, and she actually came out of retirement to do this, so i appreciate her like no one, so chief tong, would you like to say a few words? >> honorable mayor breed, board of supervisors president walton, president of the fire commission feinstein, fire command staff, and members of station 49, well come to our new station 49. 146 years ago, the city of san francisco created one

kathleen hays is here with a preview. kathleen, what should we be expecting this time around? kathleen: two weeks ago, when jay powell was giving his testimony to congress, he said this discussion on tapering started in earnest at the june meeting. it is continuing now and it will continue at the july meeting so we know that they are going to talk about it. they are buying $80 million of treasuries, $40 billion of mortgage-backed securities a month. the question is, what did they do now? again, when powell was testifying, he said the economy is always off from the threshold the fomc would like to see to start. there is a camp that says they could start sooner. signal early next year. others are maybe holding back more. another interesting question they will look at of course is when they taper due to -- the housing market is so hot and you are pouring gas on the fire. we know one fed governor, four fed presidents are in favor of doing the taper first. probably starting it sooner but powell, john williams, and others say we should do them at the same time. they both affect mort

kathleen hays, our global economic and policy editor. speaking of central banks, inflation coming out of new zealand, reaching the top end of the range of the central bank, at 3.4%, the top end of the range. we understand the pricing, the number of rank hikes out of the bank of new zealand this year is closing in on two rate hikes by the end of this year. we have gone from zero to almost two over the course of two months. yvonne: and even august, could be. what a change. rishaad: certainly. it was quite something, what they said the other day, wasn't it, this whole large-scale purchases coming to an end, she we coming to an end, etc.. end of the pathway, perhaps. david: hawkish with a capital h. yvonne: stick around. ♪ ♪ >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is "bloomberg technology" with emily chang. [audio drop] emily: this is "bloomberg technology."

kathleen: not ruling it out. since he mentioned unemployment, the forecast for june is 5.6%, down from 5.8% in may. that would be more progress. haidi: we have another big player saying the fed rate hike could come as early as late next year, 2022. what is driving this? kathleen: that was an interesting headline on the bloomberg b this afternoon -- this afternoon, that the rate hike could come as late as the first part of 2023. they say tapering is leading to bond purchases the first half of next year and that echoes more hawkish members of the federal open market committee. they say the reopening, along with vaccine progress, also the lasting fed stimulus, fiscal stimulus, they said joe biden's infrastructure spending plan, social spending plan, are also playing a part in this. but very interesting, because they in the past have been urging the fed to be careful -- don't raise rates to fast, and now, they are telling them maybe to speed up. haidi: kathleen hays, our global commerce and policy editor. much more t

kathleen: exactly, but of course they are going to tell us something. they are definitely not going to give us a surprise like the reserve bank of new zealand did two days ago. but they are going to -- the 10 year yield being charted around 0%. quarterly economic projections, people are waiting to see if all the state of emergency being extended again, the economy is not going to make any money on the olympics because there's no one coming to see it anymore. the forecast for 2021 forecast cut to 3.8, not such a bad picture, and oil prices are up but no big changes there. will the governor talk about the rising energy costs and commodity prices and how it will hurt japanese businesses? will he have anything to say about the fed heading toward that tighter policy and what it might mean for boj policy? haidi: does that mean we're expecting more focus on the green initiative to combat climate change that was put on the table last month? kathleen: that's what i think everyone is waiting to hear because potentially it's a pretty big deal for central banks aro

kathleen: not that much. people are waiting for them to reveal all sorts of details about how they might make technical changes but yields across europe really did fall again today because in their long-standing regular asset purchase program, no changes. they will keep buying the same amount until the economy does not need it, until they no longer need accommodative monetary policy. really interesting to me is christine lagarde said they did not talk about the emergency bond purchases because they will not do anything like that while the pandemic is still threatening the economy. you mentioned the two dissenters and the majority are really on board with this new policy, but the majority also apparently agreed on the new guidance only if it applies to interest rate changes, not to bond purchases so it seems like maybe that door is still open to tapering before they get ready to hike rates. it is not all based on inflation. shery: kathleen hays with the latest from the ecb. bloomberg equality. the center for a

anna hopkin sealing a stunning win and new world record after kathleen dawson, adam peaty and james guy had established a lead. this a seventh medal for the team here — one more tomorrow and it will be british swimming's best ever games. dan roan, bbc news, tokyo. britain's fastest—ever woman, dina asher—smith, has spoken of her devastation after failing to reach the final of the women's 100m because of an injury. her team mate, daryll neita, finished eighth in the race. asher—smith has now pulled out of the 200m race. this report from our sports correspondent, natalie pirks. obviously, the competitors... this is for the start, we'll let it go. we'll let the start go and let me cry! the customary smile replaced with tears. the fastest woman in british history had been hiding a secret. dina asher—smith! just five weeks ago, she'd been told there was only a 2% chance she would make it to the start line after a torn hamstring. elaine thompson—herah there is going to win it. | it's going to be del ponte who takes second place. i and dina...she'sjust not finishing. she gets out w

the quartet of kathleen dawson, adam peaty, james guy and anna hopkin won the inaugural ax100m mixed medley relay in a world—record time. earlier, i spoke to mark skimming, who coached anna hopkin at bath university, and stayed up to watch her race. i was trying, actually, to be really quiet and not wake up other people in the house... so i was cheering loudly in my head but not so much in the actual room. it's a mixed event, this. we've been talking about that a lot today. that meant that, if i've got this right, anna hopkin on the final leg was up against the fastest male swimmer in the world. what must that have been like for her? and she won! yeah, she won. i don't think they take into account what they're doing. they get in and do theirjob. each country races in a different order. i mean, we swam female, then two men, then a female, whereas the americans swam in a male, two females and then a male. so it's about getting in and doing the bestjob you can. but, yeah, i'm pretty sure if he was a little bit closer, he would have maybe caused them a few worries. and when you coached

democratic congressman ted lieu of california and congresswoman kathleen rice of new york. the two of them have just written to the inspector general at the u.s. justice department asking for an investigation. they say, quote, as former prosecutors we're concerned about reporting that suggests federal prosecutors had enough evidence to indict mr. barrack well before 2021 but were discouraged from doing so. as members of congress, we request that you conduct an investigation into whether barrack or any other friends of the former president were given special treatment by the u.s. justice department during the last administration and whether barrack's case was inappropriately suppressed. i mean it is one thing to have this actually quite scandalous reporting about the barrack case, right? there's serious national security implications of foreign agent prosecution being delayed for more than a year. this is a serious case about another country having high-placed agents inside and adjacent to the u.s. government in a way that is affecting u.s. policy in a sure repetitious way,

kathleen hays is here to set the stage. they really have to also continue to tell the market that all this inflation is transitory. kathleen: that is something we will see because a lot of people more and more are concerned that maybe it will not be such but that is the question because this is not a meeting where they are expected to do anything on rates, not at all. forward guidance probably will not change. it is a long way off. in fact, tapering, what they will do is talk about it but most talk about some of the key points. the virus is one of the big things now and that changes the optimistic view of the economy. 6% or 7% gdp is what most economists including the fed are looking for this year. will they stick to a fairly positive view of the economy's recovery in spite of that? in terms of that transitory inflation view, you know, how long can you say it is transitory when the cpi, year-over-year, up over 4.9 percent, five point something percent, when the white house is shifting its messages. it is getting tricky. i w

she's super organized, and i want to thank my sister, kathleen, the project manager. all the way through, kathleen, we felt like you had our back, and thank you for seeing this through all the way from 2015, 2016, something like that. it means a lot. and thank you to all the e.m.t.s and paramedics and 49ers who have -- just keep on going out and doing the work that needs to be done. and i know this is a great step in the right direction for e.m.s. in the san francisco fire department, and i can't wait to see what more we can do, and with that, i want to introduce assistant deputy chief sandy tong, who is the assistant deputy chief of e.m.s., and i couldn't have picked a better person for this role, and she actually came out of retirement to do this, so i appreciate her like no one, so chief tong, would you like to say a few words? >> honorable mayor breed, board of supervisors president walton, president of the fire commission feinstein, fire command staff, and members of station 49, well come to our new station 49. 146 years ago, the city of san francisco created one

the quartet of kathleen dawson, adam peaty, james guy and anna hopkin also smashed the world record on the way to victory, with china taking silver and australia bronze. it was a seventh swimming medal overall for britain, equalling their best ever tally, from 1908. i tried not to think about how far ahead because it's irrelevant when you are in the water. when i turned i saw i still had a good bit of water in front of me and i went for it. an amazing feeling, so privileged. what is making the - british swimming team so special? one word has changed the whole team. belief. we have champions who believe we can win, who believe we can get world records, if you have belief you can build everything around that and we have shown it tonight, second under the world record, nearly. and the medals didn't stop there. emma wilson took windsurfing bronze on her olympic debut, 25 years after her mum just missed out, in herfinal olympic regatta. wilson was already guaranteed a medal going into the final, after winning four of her 12 races and she crossed the finish line in second place but with cumu

sophie: -- kathleen: and from bloomberg's world headquarters in new york, i'm kathleen hays. u.s. stocks hit a record high as invest

kathleen sibelius, health secretary under the obama administration quoted in "the new york times" saying "i'm trying to restrain myself but i have kind of had it." schools and businesses should be encouraged to require the vaccine, she said. what about that? we've seen in places like oregon and other places where there's pressure on businesses saying we need to require it and check for vaccines. we can't do it but you should. >> it's not surprising kathleen sibelius presided over the largest government expansion of health care in history and lo and behold she wants more government expansion in health care. it's a question for businesses, people, individuals when they wanted or not, businesses. whether they want to allow it or not. more government interference, more government control over this process for not going to get us where we want to go. we were already seeing teachers unions saying we are not going to back into the classroom until everyone is vaccinated. you're absolutely right, you make a great point, doctor. kids have been really held back by this era virtual learning. need to

. >> next, deputy defense secretary kathleen hicks testifies on efforts to address sexual assault in the military, including removing the chain of command from prosecuting cases. this also included members of an independent commission with their own recommendations on how to handle sexual assault cases. >> the military personnel subcommittee will come to order. i want to welcome everyone to this hybrid hearing on the findings and recommendations of the independent review commission on sexual assault in the military. we will have two panels today. we will have testimony from the honorable kathleen hicks, who will discuss the formation of the independent review commission and how the department of defense intends to implement these recommendations. second, we will hear from a panel, including chair lynn rosenthal and members of the independent commission, so they can share their recommendations. the toll sexual assault and sexual harassment has taken on our military is devastating and incalculable. we do know the numbers, but behind the numbers our lives destroyed and scarred. since 20

herjourney to tokyo took a crown vadim kathleen —— crowdfunding campaign. in an instant, it all seemed work it —— worth it. instant, it all seemed work it -- worth it. �* , ., worth it. all the way up, all the wa ! worth it. all the way up, all the way! absolutely _ worth it. all the way up, all the way! absolutely phenomenal! l worth it. all the way up, all the i way! absolutely phenomenal! the superhuman _ way! absolutely phenomenal! superhuman effort, but watching way! absolutely phenomenal!- superhuman effort, but watching at the finish, as her legs gave way, her team—mate, sharing an unforgettable moment. fix, her team-mate, sharing an unforgettable moment. her team-mate, sharing an unforuettable moment. �* ., _, unforgettable moment. a dream come true to 'ust unforgettable moment. a dream come true to just be — unforgettable moment. a dream come true to just be here _ unforgettable moment. a dream come true to just be here and _ unforgettable moment. a dream come true to just be here and compete. i true to just be here and compete. even m

host: from chicago, this is kathleen, democrats line. caller: i have a comment and a question. republicans had a chance from the beginning to have a bipartisan commission. mitch mcconnell -- you all need to remind people of this every day, representative -- mitch mcconnell said do me a favor, do not do it. let me say this. any time these same people were in that chamber who saw what went on that day, whose lives were threatened, and they still do not want to investigate? people do not care about their lives. another comment i have is, there were 150, 140 officers that day. six bullets in each gun. how in the world did they not shoot in the air or do something to deter those people instead of them getting beat up, killed? i do not understand that. 150 police with six bullets and only one bullet was shot. if it had been us, they would have shot up the whole 10,000. host: we will leave it there. guest: the insurrection on january 6 was tragic to be sure. it is hard to second-guess the capitol police officers who were clearly overwhelmed and underprepared for that day. why that hap

. >> deputy defense secretary kathleen hicks testified on sexual assault in the military tuesday live at 2 p.m. eastern on c-span three. where you can listen on the free c-span radio app. >> next, president biden delivers remarks on voting rights. he said the united states is facing the most significant test of our democracy since the civil war and accused republicans of election subversion. from national constitution center in philadelphia, this is a little less than half an hour. [applause] pres. biden: that is an awful lot of friends out there, please take a seat if you have one. i used to be important, the chairman of the board of this place, and jeffrey rosen allowed me to do that, but thank you all for being here, i truly appreciate it. governor, mr. mayor, i thought you are a great mayor, still think you are with your judgment is even stronger, but all of you, my good friend. al sharpton, how are you, pal? it is great to see you. [applause] i am going to get in trouble here because i will recognize my congresswoman from the state of delaware. [applause] and, her sister who used

kathleen hicks, the deputy secretary of defense for the department of defense. thank you for being here today. >> thank you so much. and good afternoon, chairwoman spear, ranking member gallagher and all committee members. a special thank you to chairwoman spear for her leadership on this issue over the past decade. i'm here to describe the department of defense's efforts to counter the scourge of sexual assault and harassment in our military. it remains serious problems in our force with lethal consequences for our service members and harmful effects on our combat readiness. this administration has placed a high, even unprecedented priority on this challenge set. and we have moved quickly and deliberatively to address it. one day after being sworn in, secretary austin issued a memorandum to senior dod leadership tasking them with reporting on data. with information on hand, on february 26th, secretary austin detailed three immediate actions. he directed the secretaries of the military departments to ensure full compliance with existing sexual assault and sexual

kathleen: in terms of the pressures they are going to see, they are certainly starting to get patients that pressures from people, regular people talking about the higher prices of new cars and food and all kind of things. it is not in the u.s. next -- yet, but in germany today, after the consumer price index hit a 13 year high, service sector union called for strong wage increases. is the fed going to see more of that? charles: they very male -- well might but they're going to get pushback on the other side with inflation from others, because the fed has made a promise they would not raise rates until they met their inclusive full employment objective, whatever that means. kathleen: is it all about -- the fed can start talking up strength in the labor market, that is the way they can start and move policy quicker? charles: i think that is what they will try to do, they will try to talk up the strength of the employment report and how close they are two national employment. so that they have leeway. but it may put themselves into a corner and they are going to try and talk them selves

kathleen dawson gave way to the peerless adam peaty. he did what he always seems to do, before james guy powered britain into the narrowest of leads, and here was anna hopkin on the final leg. great britain are going| to win their fourth gold in the swimming pool! one word that has changed the whole team is belief. we've got champions who believe we can win, we've got champions who believe we can get world records, and if you've got one belief, you can build everything around that. two team relays, two olympic team titles — another golden day for team gb. karriss artingstall claimed another boxing medalfor team gb in tokyo. she was guaranteed a medal on tuesday by reaching the women's featherweight semi—finals. but she was denied the chance to fight for gold, narrowly losing to japan's sena irie, by a 3—2 split—decision. lewis hamilton will start on pole position as he chases a record ninth victory at the hungarian grand prix. he set the fastest time, on his first, flying lap — in the final part of qualifying, with his main ch

. >> i would say kathleen is one of the most addictive drugs. >> they've got nothing on kathleen. [laughter] >> be careful. [laughter] >> epidemiologists have tried and we have nothing on kathleen. >> i did read somewhere it's the most addictive thing there is because it's in so many things. >> i was going to cut your mike right about that. okay, mr. johnson, you are recognized for five minutes. >> thank you, mr. chairman. commissioner, the fda received over 6 million week market tobacco applications, tobacco product applications. a significant number p mtas were submitted by shaping chops required to submit this for every flavor that they mix. thisui means that a single small bakeshop might have applications with 30,000 products. the multiplicity of these are the overwhelming majority 6 million p mtas. is that correct? >> that is my understanding, yes. >> the fda recently published an entire list of these applications this committee has whittled down the list to the applicant must responsible for putting these vaping products into the hands of our children. when you do it like th