i am vonnie quinn. this is bloomberg. haidi? haidi: we look at the markets in hong kong. soph? sophie: resources and industrials gaining, while consumer names and tech under pressure in sydney, and some earnings driving price action. one jumping nearly a percent after production guidance -- nearly 8% after production guidance. extending a rally, vaccine development in australia. they had chatter. checking at the board to see what is going on with the aussie dollar, we have a holding above a level, with 82 in focus for the australian currency. we are seeing iron or futures in singapore stall somewhat, under pressure -- iron ore futures in singapore stall somewhat. the rba intervened on yield control targets, and oil is very much in focus, holding below the 62 level. there is an outlook for rebalancing, morgan stanley saying the oil market is in one of the tightest quarters since at least 2000. and with that backdrop, the rally climbing. we have seen that rally track higher in u.s. breakevens, but, haidi, that pickup has re

catch me every thurs vonnie: welcome to "bloomberg markets. i am vonnie quinn. we have a stellar lineup for you. we will have kathy entwistle. plus, the opportunity for facts and beyond, the ceo of kismet's back and will join us from moscow. and 23 and me is going public with a little help from sir richard branson, we will hear from the 23 and me ceo later this hour. first, a quick check of the markets. a lot of interesting action for the vix, treasuries today as well. but the s&p 500 is up 8/10 of 1%, resuming the rally we have become accustomed to. 10 year yields are close to 1.14 right now. treasury secretary janet yellen is making a public effort to address the turmoil involving gamestop shares, and robinhood, among others. she is meeting with regulators today. for more we are joined by our correspondent. explain to us why it's in the treasury secretary's purview to do this. >> it is not necessarily in her purview, it sits directly with the sec, but of course janet yellen, as the treasury secretary, can call a meeting -- it's the heads of each agency, includ

i'm vonnie quinn. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. we will be speaking with the cantor fitzgerald chairman and ceo about wall street's retail trading frenzy that is distorting markets and affecting hedge funds globally. later this hour, insight from carson block. we will find out how he is positioning now after the retail crowd gave some trouble to short-sellers. ushering in an era of stakeholder capitalism. why his company is transitioning to a public benefit corporation. quick check on the markets, and it appears we are at session highs with the nasdaq up .2 -- 2.5%. the dow up .8%. this market is unbelievable right now. the vix below 30 once again, so it has tapped down just a little bit. the dollar index up half a percent today. let's get to our first guest who can tell us more about this, the retail frenzy continuing, this time targeting silver. joining us now is howard lutnick of cantor fitzgerald. also with us is sonali basak. how concerned ar

let's head over to vonnie quinn. vonnie: president biden has spoken to saudi king salman for the first time since taking office. expected to be critical in the kingdom's role in the murder of the journalist jamal khashoggi. the cia later reported to say that saudi crown prince mohammed ordered khashoggi's killing. china says that camera has ruined their relationship. the morning harrow says that beijing considers that they have destroyed long-term ties. there are indications of a breakthrough in the brexit standoff between the city of london and brussels. a person to emmanuel macron says that they could grant an equivalent that will allow the sector to do business in the single market. they said the single idea could happen by middle of the year. myanmar facing increasing opposition with facebook banning posts, pages and ads. they had asked to limit communication and planning by protesters. they say allowing the army to remain on their platforms and the risks are too high. and opposition to president putin has been m

i'm amanda lange, alongside vonnie quinn. the question is, as vaccines rollout, when does life returned to normal? bloomberg has analyzed the pace of the rollout, and the answer may be seven years. drew armstrong with us now. that will make canadians feel better. what does the data show about how we are doing? drew: we put this on the bloomberg vaccine tracker that takes a look at the current pace of vaccinations on a rolling, seven-day average and compares it to how many people are left to be vaccinated to get to 75% coverage of the population, which health officials have cited as a benchmark for saying we have done an effective job at vaccine rollout. what we see is that unsurprisingly, the faster you vaccinate, the sooner things get back to close to normal. places like israel, which is vaccinating people rapidly, could be done in as little as two months. the united states looks a lot more like the end of this year, at the current pace. laces like canada, are coming in the middle of the vaccine supply slump, stretch way out

i'm vonnie quinn. this is bloomberg. haslinda: still ahead this hour, india's largest asset manager joins with outlook for the markets and how the reflation trade is playing out there. rishaad: and our coverage of the hong kong budget continues as the finance director tries to revive the economy from two years of a slump. this is bloomberg. ♪ rishaad: this is bloomberg markets and that is the hong kong budget being delivered by the finance secretary, paul chan. he is talking about a fourth in the territory contracting by 3% better than expected, and expansion of about 2/10 of 1%, overall meaning 2020 saw the economy contracted by 6.1%. what they are doing at the moment is forecasting growth for this year between 3.5% and 5%. the budget at the moment also promising some countercyclical measures as well, something like 120 billion hong kong dollars. they say the economy is growing 3.3% in real terms between 2022 and 2025, that is per annum. getting to inflation, underlying inflation forecast at 4% this year. let's get st

i am vonnie quinn. this is bloomberg. shery: still ahead, as johnson & johnson's coronavirus vaccine becomes the third shot cleared in the u.s., and dr. anthony found she tells people not to shop around for preferred vaccine. with yields in the spotlight we speak to an asia portfolio manager who joins us next for her outlook. this is bloomberg. haidi: stocks set to open cautiously in asia as traders keep a close eye on bond yields after last week's turmoil. friday folder week in which 10-year treasury yield surged to triple their levels of august. so what is next? we saw all of that last week. investors saw the levels of yield and how fast the mute -- the move was. >> that's right, most investors are looking for rates to go up. but the speed surprise some investors. it is important to keep in mind about rise in inflation and interest rates is healthy for the u.s. and global economies. it is consistent with our current economic recovery from the pandemic-induced recession. shery: in the long-term it may not be destabilizin

i'm vonnie quinn. this is bloomberg. haslinda: 10-year treasury yield jumped to a one year high while u.s. yield curbs steepened to their highest level in more than five years. the dollar slightly down this morning. let's bring in senior emerging markets strategist at td securities. mitchell, happy monday. when you look at bond yields right now, are they at levels where investors would perhaps be tempted to move money away from the equity markets into the bond market? mitchell: good morning. that is the key question of the day. i don't think that that is the case yet. we will probably need to see bond yields move around 20 to 30 basis points higher from here before you start to see more significant nervousness in the equity market. you could argue last week equities were getting more nervous but there is still some way to go before you start to get worried. but the fact is it is still a huge amount of liquidity on the sidelines. flows into equities have been picking up more significantly. in particular you look at emergi

i'm vonnie quinn. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. hedge funds typically at the center of market drama when it comes to reddit trades. we will be speaking with pieter taselaar of lucerne capital management about what is ahead for his industry, particularly in europe. george pearkes of this book will talk about his research, at buying low, selling high. the push to reopen schools. we will talk to the national education association president, becky pringle, about what is on the minds of teachers. it's time to take a quick look at the markets. we are seeing a rally, which is no surprise these days, but we are being led higher by the dow. the s&p 500 up by 1.25%. the nasdaq up by 1.7%. the dollar index continuing to strengthen at 91.20. gamestop, while it did go below 100, is at 115 now, down 48%. kailey leinz is with us to talk about ups. fourth-quarter earnings were a blowout. the strength in margins was particularly surprising. kailey: all of that onl

i'm vonnie quinn. this is bloomberg. shery: still ahead, the worst start to a year since 2013 has google bonds tumbling on emerging markets. the record for e.m. debt. plus, the winners and losers in singapore's latest budget. we unpack their plan, next. this is bloomberg. ♪ bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. shery: singapore is planning to spend more than $8 billion u.s. to help households and businesses recover from the pandemic. the new package comes in the annual budget after the economy suffers is a biggest contraction since independence. juliette saly joins us from singapore. really there was a lot to p

i am vonnie quinn. this is bloomberg. shery: still ahead, the big freeze in texas is becoming a global crisis for the oil market. the nasdaq senior director joins us later. this is bloomberg. ♪ this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choose from. get gym results at

i'm vonnie quinn. this is bloomberg. >> president biden's relief heading to the senate as democrats call for a quick approval process. and australia is considering more relief eight. coming up next, a wild week in bond markets. this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified in

i'm vonnie quinn and this is bloomberg. haidi: still ahead, don't miss our conversation with paul krugman later this hour. his views on the stimulus debate and the post covid recovery. we also speak with alec shaheed he who joins us next. this is bloomberg. ♪ want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. haidi: global stocks are coming off their first losing week in three. analysts see deals in equities moving higher on the optimism of the vaccine rollout. joining us is alex shahidi, cio of evoke advisors. a funny place that investors find themselves in at the moment. extraordinary conditions when it comes to

i am vonnie quinn. this is bloomberg. haidi: let's take a look at movers in the early start of australia's trading. sophie: macquarie group shares gaining 3% this morning as it listed its profit outlook seeing earnings increasing by 5%-10% on last year, as the power demand picture is seen boosting power demand services. i want to show you what is going on with refiner ample, on its annual loss but it is says it's on track to deliver a 195 aussie dollar ebitda uplift. the next mover come a chorus, shares track lower as its 2020 went up into his toward the -- ebitda for the lower half of its range. cost or group this morning, a pickup in shares for the company, on the back of its results. we have upside moves nearing 9% this morning on its earnings report and dividend announcement. switching out the board for another mover to watch in sydney. bluescope steel losing ground even though it does see and second-half underlying ebitda 750-830 million aussie dollars. we do have an uncertain arc it outlook and bluescope steel -- un

it's gets a vonnie quinn. funny: -- vonnie: joe biden indicating he and the administration may be open to maintaining trump era tried cuts on china. he hinted he would be happy to use sanctions directives introduced under the former administration. he said beijing must be held accountable. the congressional hearing until last month's capitol hill riot has heard incomplete intelligence led to inadequate security. senior officials said their planning was based on predictions of civil disobedience among president trump's supporters are they were not prepared for the protests to turn so violent. five people died during the storming of the capital. australia and facebook are begin a new era of social media partnership should facebook said it would end its blackout. the marcy government said it would take into account commercial deals social media has already struck with publishers, prompting facebook to say it would list its -- it would lift its content been in the coming days -- it's content s content ban. a mount

i'm vonnie quinn. this is bloomberg. rish? rishaad: we are watching treasury yields touching one year highs. yields could rise sharply in the absence of central bank intervention and targeting 1.5% for the u.s. 10 year. we will discuss that next. on our way to the market open in mumbai. the focus shifting to indian health care. stay with us for that. this is bloomberg. ♪ >> what is the priority for keeping the lights on? >> oil, gas is not going away anytime soon. >> we really do need to have a broad mix of powergenerating sources. >> until we can reach the point that we had grid storage and battery reality, it is important that we not put ourselves in a situation. >> we need to make sure we are smart enough to make those coexist alongside one another, while keeping a focus on improving our environment. >> this is a timely reminder for a wake-up call. yeah, we absolutely need fossil in the mix. it is about how we get them greener. rishaad: some of our guests weighing in on the u.s. energy crisis. let's bring in the ceo

." , i am vonnie quinn. here are the top stories. donald trump's second impeachment trial is set to start in moments with house impeachment managers just arriving. we will have the latest. and on the market side, twitter earnings after the bell today. we will tell you what investors are looking for as they look to decrease their reliance on advertising. and a key player in the creation of vehicles -- that story later this hour. we are noncommittal today in the market, all eyes on the second impeachment trial as the s&p 500 is literally flat, but above the 3900 mark. and crude oil continues to rise, albeit more slowly, hoping oil companies. vix is unchanged at 21. haynes brands the top performerd trump's second impeachment trial, which will begin momentarily. joining us is a political science chair from brown university. wendy, this is the first stage of things. will there be a defense we will be able to take seriously and may actually make a dent? wendy: you have to look at who will announce they will retire, who will run in the next

i am vonnie quinn. this is bloomberg. rishaad: bloodlines, we discuss australia's tech legislation in the country and any government standoff with facebook. we will be joined with our guest from the australia institute for responsible technology. he will be on later this hour. haslinda: twitter found itself on the wrong side of the indian government, and koo is emerging as an alternative. the koo co-founder joins us to discuss platform's prospects. and it is looking like this. this is bloomberg. ♪ ♪ haslinda: you are watching bloomberg markets: asia. from wall street to main street, investors are watching the gamestop saga unfold. rishaad: house democrats bard with robinhood markets and citadel, and lawmakers want to know if they are profiting at the expense of retail investors and are complaining that they got a few satisfying answers. >> how did you misjudge your capital requirements to prevent people from being able to trade during that period in january? >> i would not say we misjudged. this was a one and 3.5 mill

. ♪ vonnie: i am vonnie quinn. welcome to "bloomberg markets. as u.s. retail trading comes under scrutiny, we will explore the attraction and challenge of the new landscape with dan pipitone. jassy is set to take over the reins at amazon as jeff bezos announced his move to a chairman position. the latest in the race for the vaccines. resto myers squibb has clinched a deal with rockefeller for a covid-19 therapy that may be effective in combating variance of the virus. we saw a little bit of movement in the equities, the s&p 500 up one third of a percent. we gave up all of the point -- all of the gains on the nasdaq but we are recovering. the dollar index continues to be strong above 91. more movement in treasuries. above 105 in the yen. after we got the data, we saw another bounce for crude oil, futures trading above $56 earlier on, now $55.79. online broker data trade zero has seen a surge in new applications of retailer brokerages restricted access for certain stock names over the last few weeks. joining us is the founder of data trade zero, dan pipit

i'm vonnie quinn. this is bloomberg. haidi: still ahead, we will be speaking with a cio about the outlook for cryptocurrencies and digital wallets. next, the latest from capitol hill as they grill so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> how do you misjudge your capital requirements and prevent people from being able to trade? >> i would not say we misjudged our capital requirements. this was a one and a 3.5 million occurrence event. giving people what they want in a responsible way is what robinhood is about. we know that investing is serious. >> do you think we need more resident -- more legislation as a result of what happen

vonnie: and i'm vonnie quinn. we are joined by our bloomberg and vnn audiences. u.s. stocks are mixed so far today with a positive dow when the two other major indices are negative. we will talk with the chief market strategist in a few minutes and we will break down fourth-quarter results with the ceo of twitter. the bank of canada deputy governor says cryptocurrency does not have the quality of being money of the future. amanda: markets are still paying attention to the earnings coming across, a little bit more negative in tone broadly today but the s&p 500 is showing mixed when we dig into the subgroups. energy is showing some leadership and real estate and health care and financials are doing ok but you see weakness from tech including consumer discretionary. tesla is down 4% today but twitter was up 7% at last check so we are seeing companies rewarded when they beat expectations. a lot of attention is being paid to earnings expectations and the outlook and what it will do to the shape of this recovery and what economic recovery means for the markets. the chief ma

i'm vonnie quinn with the first word headlines. the white house and allies saying president biden's nomination for budget director. two senate committees were delayed wednesday with no new dates proposed. the first woman of color to lead the agency. federal reserve payments as fed cash services are operating normally again after widespread outages a cost key programs. upheaval on an operational error , adding that all customers have been informed. the outage hit a national system that does tax refunds and corporate payments. some services are still down. a potential battle is brewing in new zealand. the government to many makers take house prices into account when setting policy. the rbnz has been against the move which was except -- suggested in september. the government says the rbnz overall mandate for financial stability and full employment remains the same. in italy, mount etna continues to suppress -- surpass its record of directions. it's the most vibrant this for years. it shot lava and rock more than 6000 meters into the s

i am vonnie quinn, and this is bloomberg. anchor: taking a look at markets right now, asia has been soaking between gains and on the back of losses, yields expanded. economies expected to 8% this year. that may pave the way for scaling back. under pressure. pushing back a direct qe and also been broken down by tech and banks. take a look at commodities as highest in eight years. lifting earning from oil to corn with about a week ago, about two eclipse its best month in five years. fusions up half a percent. gold currently looking flat. looking at where we are in terms of currency. the dollar is down. underperforming. tough to gauge the outlook for barring. still more to come. this is bloomberg. ♪ ♪ anchor: welcome back. in the market it is all about yields, yields, yields. yields have been extended, especially overnight. let's bring in head of asian credit, providing high income with stable fundamentals. good to have you with us. you say that asia is pre-much in the sweet spot it has to do with the gold story. >> sure. wh

i am vonnie quinn. this is bloomberg. haidi? >> the u.s. looks to be emerging from the darkest. of the pandemic. let's take a look at how that is happening. eight slots is pretty impressive, does that speak to the turnaround and the optimism with the vaccine rollout underway? >> that is right. globally, the picture is much better than it was. we are adding fewer cases a week . that momentum has come out of the pandemic. the u.s. is jumping eight spots showing that its improvement has outstripped the global improvement and that is potentially the turning point. >> this coming at a time when we continue to see more inoculations around the world, including the kickoff of the vaccine in korea. >> that is right. we are seeing vaccination start to make a difference. in israel for example, just far ahead and vaccination, we are seeing them make a dent in cases. but the spread of the u.k. variant across israel was so bad, giving at one of the worst per capita infection rates around the world, that it is only now coming down. it will take a while for this to be quelled by the vaccination

i'm vonnie quinn. this is bloomberg. shery: romaine: romaine: -- the payments landscape and australia has been changed in australia with some being used as a savings system. joining us from sydney is zip co ceo peter john gray. you have called this period as transformational. why? peter: it really was a transformational period after we acquired the fastest-growing payment company in the u.s.. our acquisition in the u.s. market is in the very early stages of market georgie -- market micu already -- market maturity. to be one of the fastest growing players in that environment has had a really great outcome. the group has produced outstanding numbers. haidi: we are just days away from a code of conduct being signed by you and other players. can you give us insight on what regulatory measures can be expected? there has been talk of capping borrowing and limiting fees. peter: we welcome the introduction of the code. it is the first step toward protecting australian consumers from the conduct and free struct

vonnie? ♪ vonnie: live from new york, i am vonnie quinn. we are now joined by our bloomberg and -- indoor dining reopens with limited capacity for near city restaurant today. we will speak in moments with marcus samuelsson, red rooster chef and co-owner in just a few moments about the industry. bumble soared in its public debut. we will disc the ipo with sarah kunst. we will hear from the ceo of -- on his fourth quarter results and what environmental regulation looks like under the biden administration. new york city restaurants are reopening reopening dining to 25% capacity. many will remained closed. they face staffing shortages. joining me to discuss is chef marcus samuelsson. thank you so much for joining us. the preparations for your first seating tonight, how are they going? marcus: it is going well. we are excited about opening the doors, even if it's just when he 5% to start. we just happened to invite our community, we have more staff and we have a big restaurant. we can keep the 25%. we have two floors and a lot of space. we are p

let's get the first word news with vonnie quinn in new york. vonnie: president biden is directing his administration to direct semiconductor production, resuming u.s. supply chains. the issue was threatening to harm growth as biden seeks to rebuild and economy battled by the coronavirus. some automakers are cutting workers due to the shortfall, and unions are raising the alarm about the prospect of layoffs. pres. biden: we need to make sure these supply chains are secure and reliable. i have directed senior officials to identify solutions to this semi conductor shortfall. vonnie: a potential battle is brewing in new zealand is brewing in new zealand as the government demands policymakers take -- into account when citing policy. they have been against the move, which was suggested in december. they tried to cool the rampant property market. the overall mandate for financial stability of employment remains the same. policymakers in india are warning that the rise of cryptocurrency may hurt financial stability in a debate about new legislation. th

i am vonnie quinn. this is bloomberg. haslinda: mining and metals company south32 is out with earnings, profits slumped 46% in the first half of the financial year but it is declared improved evidence despite a challenging environment. joining us now for the first interview on earnings is ceo graham kerr. down by restructuring costs, how much clarity do you have, how optimistic are you for the second half? >> if we look at key commodity prices the one thing we have seen in the back half of the first financial year in the first two months of this calendar year is a strong improvement in key commodity prices and that is what underpins our confidence in cash generation talk about today and particularly when we announce we increase our margin and announce dividends. it is that strong emphasis we are seeing in a on commodity prices as countries open up to demand again post-covid 19. haslinda: is that optimism also based on what people are saying that we are entering a commodity super cycle? >> there is no doubt from our perspe