good morning. this is daybreak europe. these are the stories that set your agenda. global stocks rallied with the s&p 500 hitting a new record high as cooler u.s. inflation reinforces bets on fed rate cuts. slovakia's prime minister in the hospital after an attempted assassination. the shooting brutally exposing the widening the -- political divide in the nation. vladimir putin is getting the red carpet treatment in beijing as he looks to xi jinping for backing in his war against ukraine. let's check in on the earnings stories. we are keeping an eye on the geopolitics. siemens on the redhead coming through, they will be selling

part of their business, one of their portfolio companies to the private capital group k ps. this is a maker of engine drives. on the second quarter, in terms of the profit coming through for the industrial business, that is a miss for siemens in the second quarter, also a redhead across the terminal, 2.5 one billion euros. the estimates were 2.7 6 billion euros. a miss. in terms of orders coming in below estimates, 20.4 5 billion euros, the estimates had been north of 21 billion. in terms of the full year they see full year revenues up 4%-8%. estimates were 4.61% so a range of 4%-8% is being forecast by siemens. they will be selling a business for around 3.5 billion euros and

in terms of net income, that was upbeat on net income, 2.2 billion euros. estimates were for under 1.7 billion so net income is a beat but a miss on orders and on industrials profits, that was also a miss for siemens. we will be bringing an interview with the ceo of siemens later in the show at 6:45 a.m. u.k. time. the numbers coming through from deutsche telekom, the majority owner of t-mobile in the u.s., the u.s. business in focus today and the german business as well. when it comes to joy -- deutsche telekom it is a beat on earnings estimates and it is the german mobile growth that seems to be behind that. in terms of first-quarter earnings, adjusted earnings out of the german area coming up 3.5%, just shy of 2.6 billion euros. they still see a full year post lease about 8.9 billion.

in terms of earnings, adjusted earnings per share, eps around 1.75 euros per share, full year. in terms of first-quarter, deutsche telekom 27, just shy of 28 billion euros. estimates have been in line with that so meeting estimates in terms of quarter revenue. it is risk on on the back of softer inflation data and the cpi front out of the u.s. and weakening retail sales. dollar down, yields down, equities big. european equities looking to add 0.2%, ftse higher 2%, commodities getting a lift. the copper story and what is happening with iron ore and the linkages to real estate in china. s&p futures pointed to gains around 0.1% after busting through fresh records yesterday about 5000 300 looking to build on that today. nasdaq looking at gains of 29 points and tech data lift the likes of nvidia and the

semiconductor makers in the u.s.. across assets let's take a look at yields. u.s. benchmark 10 yelp -- year yields fell, out of the u.s. in terms of inflation, 432, yields down two basis points. the bloomberg dollar index plummeted yesterday, currently down 0.2%, giving a list -- a lift to asian fx. copper at 10,300 64. short squeeze story unfolding in the u.s., iron ore rallying almost 3% on expectations that may be there will be resolution in terms of the real estate crisis in china. up to .6%. we have watched the markets in terms of the real estate and the miners in the u.k.. let's get more in terms of the asian session, avril in singapore. avril: quite the party in the asia-pacific against a backdrop of the u.s. cpi.

the stock gauge for the region climbing to the highest in more than two years and the regions benchmarks getting fuel from the gains in tech stocks. the australian benchmark outperforming if you are wondering why, because we got a jobless rate surge, under and that is fueling expectations of rba rate cuts. the hang seng getting a lift from tech stocks as well as chinese lenders. let's flip the board and dig deeper into the sectors we are watching in the asia-pacific. hang seng, tech lifted by tencent after earnings beat alibaba left her a miss. jd.com and baidu also keeping an eye on that. the chinese developers really and focus today. a gauge of them in hong kong, jumping to the highest level since december last year after bloomberg reports that china is mulling a plan that could get local governments to buy unsold homes from distressed developers. this could help address some of

the issues related to excess inventory as well as liquidity. we are seeing that gauge jumping today but you can see outliers, we are focusing on the japanese lenders and the automakers. for different reasons. japanese automakers down because of the strengthening yen. today, the banks, there is an addition of a boj rate hike but remember, that could be profitability issue if we don't get those boj rate hikes. let's take a look at why. we have the japanese gdp, deeper contraction than expected because consumers, companies cut their own spendings. economists flagged this may be temporary as well because we got the major automaker that cut back on output no thanks to safety scandals. that is part of what markets are digesting. we are seeing the japanese currency still climbing today, below the 154 level.

it is really about the lower u.s. yields. tom: checking out the asian market reaction to inflation data and summaries -- stories out of china and japan. around the inflation story and how it is impacting cross asset, and measure of underlying u.s. inflation cooling in april for the first time in six months with markets pricing in two rate reductions by the fed this year. the u.s. bureau of labor statistics conducting a probe after it inadvertently posted the data 30 minutes early. for more, let's bring in our strategist mark. off to the races. this is risk on. how much further does the rally have to run? mark: if you think we were having a party in asia today, you are in for a bigger one in europe because this was the missing piece for the european central bank of the bank of england. if they had any doubt that they could start the easing program,

the fed effectively, the cpi data has given them the green light. they can be much more confident the federal reserve will do something this year. so now i think we can fully expect that we get rate cuts in europe and the u.k. pretty soon, probably next month and that will keep this rally going. there has been a huge backup because where we were right at the beginning of the year, there were markets around the world and we had to backtrack considerably because of the inflation in march and april. now we are starting to resume the rally. there is a long way to go on the global bond rally particularly in the g10 space, excluding japan. europe and the u.k., right at the forefront of that. we'll probably see more of it. you will get tired of hearing the word goldilocks by the end of the day but that is what you have come a situation where yields are coming down, the dollar is coming down and equity markets love it. you will have your own party today like we had in asia. tom: we are looking forward to

it. some of the producers might sound party invites to you. setting us up for what looks like a goldilocks day. mark cranfield with details around inflation and the read across to the markets. to geopolitics, putin arrived in beijing for talks with president xi. they rolled out the red carpet. russian forces pressing ahead with a new offensive in ukraine. china's leader welcomed his russian counterpart as they begin a two day state visit. let's bring in rebecca for the implications of this. what do we know about the visit so far? how important is this for putin? >> a warm welcome for president putin into the great wall of the people for those talks with xi jinping. directly with xi and also small groups as well according to state media. xi has come up with a full throated support for putin, reaffirming and saying that

china is ready to work with russia is a good neighbor friend and partner and again, stressing they can consolidate their friendship for generations to come. very much affirming the no limits nature of the friendship that announcement comes weeks before putin invaded russia. there is a somewhat unspoken tension. there are certain strains going on behind-the-scenes, not least continued threats of u.s. reprisals for what they perceived to be chinese support of russia's war industrial machine. tom: rebecca, thank you very much. monitoring this important visit by putin to beijing, a two day state visit. it is the final day of the qatar economic forum. horizons middle east and africa anchor is on the ground for us. there are a number of panels. what stood out from this event?

what are the key takeaways? joumanna: they have been many different conversations going on here. i would say geopolitics has dominated this year for obvious reasons. yesterday john micklethwait talk to general petraeus and one thing that stood out from that conversation is that there needs to be a plan for postwar gaza and he doesn't think the israeli government has gone far enough in thinking about what happens next. that was a comment that stood out from a geopolitical perspective. but we are here talking about the opportunity of the region. we have had conversations about the economies of the gcc, their push for diversification. one example yesterday was a panel from tourism ministers. saudi tourism minister, 4% of gdp comes from tourism and they want to get it to 10% by 2030.

what are they doing to get to that number? the ceo you have on your own show, he was saying this is the region to be because of the tourism drive and the number of people coming to the region. lots of other panels about the business of sports. that is always interesting to people from the region, outside the region and what the region is doing to attract mega sporting events. today will be a day that is a lot more tech focused so we will have conversations about ai, ai hubs looking to be set up here. i will be having a one-on-one with the minister of communications in qatar about opportunities they are looking at. a big theme for uae as well. vc funds, private equity funds coming up here to see what the opportunities are and whether or not their investments landscape can lend itself to a portfolio building opportunity out here in the region. so plenty of discussions and i would say it is a combination of geopolitics, economics and as

ever, dealmaking. tom: joumanna at the qatar economic forum in doha. a great wrap up of conversations at the event. plenty more coming up from day three of qef in doha including exclusive interviews with the africa regional director of the human development program and the ceo of e-commerce company julia. bloomberg will be at j.p. morgan's global markets conference in paris. we will speak to jamie dimon plus the lenders chief economist and the head of global commodities strategy. what a day to be talking commodities. plenty more coming up. this is bloomberg. ♪

tom: welcome back to bloomberg daybreak: europe. slovakia's prime minister remains in a serious condition after an assassination attempt. the interior minister said the shooting was politically motivated. let's get more on the story from prague. what more do we know about the prime minister's condition. >> he may be out of life condition and is recovering. what we are awaiting is confirmation from his allies and colleagues in the medical staff that his condition is indeed improving. tom: what kind of, give us an

idea of what kind of politician fico is. he has a long history in that country, slovakia. what do we know about him as a politician? >> he has a long history in europe. he is one of the longest-serving leaders in the eu itself. a popular politician, he experienced. over the years he has turned into a populist, a fierce critic of european values. in slovakia he has become the anti-voice of everything, critical of vaccines, immigrants, lgbtq community, liberal media, ngos and even sporting ukraine by -- supporting ukraine. in many aspects, the ideas and actions he has taken mirror those of his ally and friend, the prime minister of hungary. tom: this is a deep divide in a polarized country.

talk to us about some of the divisions and how the country has changed under his leadership. >> the biggest change seems to have taken place when he came to power for the fourth time last year. his stance on not being willing to help ukraine by sending military aid has really split the nation and supported the pro-russian moved in the country. he has cracked down on state media and other media outlets. he has escalated the standoff at the opposition and the outgoing president. all of these things have polarized the nation. it is a divided house. the shooting that happened yesterday is an indication of the divisions that have taken over the country. tom: andrea, joining us with the latest on the attempted assassination of the prime minister of slovakia. thank you very much. to the netherlands where the election winner has sealed a

tentative deal to form a right-wing coalition after months of talks. the coalition intends to cancel a 15% tax on share buybacks and limit the inflow of asylum-seekers. the far right freedom party comfortably captured the most seats in the election almost six months ago but the controversial politician struggled to assemble and administration. coming up, roaring kitty goes quiet. the meme stock rally fizzles with gamestop shares taking a tumble. that story is next. this is bloomberg. ♪

tom: dr. bloomberg daybreak: europe. the meme stock rally faltered. the $11 billion gains, wiped out

yesterday. stocks doubled after the return of social media posts by keith gill, better known as roaring kitty. let's get more from charlie who has been across the story. we will take a step back. this has been the week of the meme stock, a revival of 2021 days of retail investor enthusiasm for these heavily shorted stocks. what drove the rally and what led to the many pop? >> monday morning everything was ready for meme stock media -- many after grip for weeks and it started with the crib tweets that roaring kitty, keith gill sent out which was a picture of a man sitting on a chair and looking like he was leaning forward. traders have interpreted this to mean that maybe he was back, maybe he was going to play a big role in gamestop. we saw gamestop surge, we saw amc surge but i would say this is so far like a rice crispy rally where we saw a snap, then

a crack and kind of a pop where we are seeing shares dipped down. you could explain this by, the bullish sentiment, we have seen the s&p up over 10% this year so maybe this was traders wanting to get in on, there was the tweet of course but as well, wall street has kind of wised up to wall street bets. they have been seeing options activity on some of these shares pick up. they know when to get in but i think importantly, they know when to get out and i think they know short squeezes are something wall street bets likes. they have been limiting their exposure to that. tom: is that a charlie special, rice crispy treat rally? the way wall street pros have adjusted this is interesting. talk about the potential, what does it mean in terms of the consumer read across the meme stock activity?

exit is interesting because these are retail favorites, retail investors are consumers and i think there is one story you can tell that the consumer is confident enough here. we have been seeing strong consumer sentiments across economies and maybe you can read into this that the consumer is not just spending, they are speculating. they know gamestop and amc are speculative bets and they have the spare cash to go in, but there is another world where this is more of an institutional play that wall street as we have talked about has wised up to this. there is some indication that instead of what we saw in 2021 where many retail dollars were buying in, on some of these trading platforms you saw retail selling. that could be an indication that some of these retail investors are thinking, i'm actually down from peaks we saw in 2021. prices have finally hit a place where i can take some profit. that could have been happening. it is a different vibe than

2021. tom: you have been on social media like reddit. when you speak to people engaging in this, are they done with this now? could this rise again? >> i have been in the trenches talking to redditors. the sentiment is different because in 2021 there was this kind of us versus them, this is a new world order type of situation. some of the traders i have spoken to, they got in, they got out, they saw this as an opportunity to make some money and they are flying with it. what this says about the future is that the rally, it could continue. it is looking like it won't but these sorts of spurts will be back. structurally social media investing, it won't create necessarily what we saw in 2021 but these bursts are likely to be around for the future. tom: very interesting in terms of how that involved -- evolved. charlie on roaring kitty on the

-- and the implications. warren buffett's berkshire hathaway unveiled a $6.7 billion stake in chubb. suspense over the mystery position in a financial firm. regulators allows it to be concealed. this reflected its position at the end of the first quarter. the conglomerate has building a stake in chubb since 2023. shares jumped in after hours trading. analysis of other filings show hedge funds continue to lean into ai focused tech companies. institutional investors lifted their exposure to nvidia with ai darling having the biggest increase by market value for a simple stock in the three months ending march 31. they also increased exposure to ai leaders amazon, meta and microsoft. bloomberg learned citadel securities generated $2.3 billion of net trading revenue

in the first three months of 2020 four, setting the market making firm up for a potentially record year. the first quarter result was up 68% from the prior year. this offers a rare glimpse into the firm, which is steadily expanding its market-making capabilities. most recently, incorporate bonds. there is plenty more coming up particularly from the qatar economic forum including in conversation with the cofounder and co-ceo of b capital. that exclusive interview is next from doha. this is bloomberg. ♪ and they're all coming? those who are still with us, yes. grandpa! what's this? your wings.

light 'em up! gentlemen, it's a beautiful... ...day to fly.

this is bloomberg daybreak europe. i'm tom mckenzie in london. global stocks rally with the s&p 500 hitting a record high as cooler u.s. inflation reinforces bets on fed rate cuts. slovaka's prime minister in hospital after attempted assassination in broad daylight. the shooting of prime minister phoenixo. -- fico. putin is in china looking for backing from xi jinping in his war against ukraine. european futures looking to build on gains and up . 2%.

the s&p above 5,000 for the first time. that's a record. nasdaq futures looking to gain 35 points after the tech led rally of yesterday. cross asset, 10-year bench mark yields. currently at 4 . 31 on the 10-year yields. the bloomberg index softness, the cat i've dropped on the back of that data. copper in focus for us still. gaining 1.4% also and iron ore also getting a left. let's get back to the qatar economic forum in do happen. haslinda is there with a guest. has? haslinda: hi, tom, we're talking

about funding in india and net in africa dropped about 35%. we have co-founder and co-c.e.o. of v. capital. good to have you with us. >> thanks for having me. i think the funding winter is going to take at least another year before it ends but it's a good thing. we need consolidation. there's a move to quality which i think over the long run is going to be good for the industry. haslinda: what are the signs that you're upbeat that we're probably close to the end of this? >> you're lotting to see a lot of corporate activity. a lot of corn rats that have cash are getting off the sidelines. they're interested in a.i. and starting to be inkiss active and that should put liquidity back

and eventually get us back in funding winter. haslinda: some suggest that a.i. winter is coming and also year end is what we're looking at. >> it's hard to predict when in a.i. bubble might burst. we at v. capital really believe that a.i. is going to have a profound impact. our partners at bb g. are forecasting that 5% to 10% of corporate is moving up. interest in the space is really red hot and it is still very early days in terms of the technology but the valuations have gotten a little bit ahead of themselves. haslinda: an. a i. winter, perhaps 25, 26, is there a gauge? >> i'd hate to say when the bubble is going to burst but some of these things are

transformative. co-pilot programs in helps of -- terms of helping programmers. now hopefully you can take a 1x or 2x colder, a really good colder and make them a 10-x colder through a.i. and that's a huge impact. haslinda: nobody expected funds to have this high this long. how is it impacting the funding environment? >> there's a little bit of good news on the inflation side. haslinda: that's what they said at the beginning of the year. >> in venture we don't worry that much about where the rates are. we're focused in technology innovation. boy technology has really been surging. for the last three years it was really quiet. some of the best venture capital

investments happen during these kind of funding wintertimes. haslinda: in the end it is about valuations and we're talking about how the era of valuation is over. are they more attractive? >> engvall weighses are a lot more attractive than they were two or three years ago. early venture side is less impact active. where you've really seen the impact is in the growth market where valuations have come down from 15% to 20%. we continue to be an active investment at v capital. haslinda: you paid 7.35 million lately for late-stage start-ups, why? are you suggesting there are no attractive things out there,

that you'd rather focus on what you have already? >> we'll continue to back some of the best companies we have in our portfolio. but we'll make some select investments in new companies which we know really well which are later stage companies that have struggled to attract capital in this environment. haslinda: what is attractive and where can you find them? people talk about india but india has had a torrid time. >> i think sector-wise, i think cybersecurity in an uncertain world continues to be an area that we look at. fundamentally in a.i. there's the a.i. infrastructure later, still very early in development but we're starting to see the a.i. application layer i hear and not just in the u.s. but we think countries like india electric big in that.

but also areas like supply chain are really going to be impacted by a.i. over the next few years. haslinda: companies coming off the market, what is that suggesting to um? >> people got very excited about some of the fundamental changes happening in the independencea market. there are more companies to i.p.o. in india but we'll see how that goes. over the second half of the year you'll see companies that go to i.p.o. in india. in the past few years you had to go to the u.s. or new york stock exchange. i think that will have a big impact on the venture market in india. haslinda: and the middle east? >> the middle east for us as a global capital investor has always been an interesting market but in the last few years you're seeing signs that the market is reaching its tipping

point. more coming out in the health care space and especially in climate technology. we believe it will be a leader in energy and climatology and that's an area we're really interested in. haslinda: what are the risksout there for you? >> i think the biggest risk for us is to make sure that the best companies in our portfolio don't run out of funding. i think we all learnedded from 2008, 2010, 2004, that sometimes growth and growth coming too fast can be a drain on cash. that's our biggest focus, working with our companies, making sure that they are managing their cash throws, that they're growing at a reasonable rate and growing profitably. haslinda: thank you so much for that. capital of venture capital.

haslinda coming to you live from qatar, economic forum. busy day again. tom: thank you very much, haslinda. plenty more exclusive guests as haslinda was saying coming up on the third and final day in doha. plus, factory orders drop as china weakness continues. we bring you a breakdown of the numbers and we're going to hear from c.e.o. roland busch. that is next, this is bloomberg. ♪

tom welcome back to bloomberg daybreak europe. other stories making the top news today. the owner of britain ice royal mail is poised to accept a 3.5 pounds nonwinding bid from a czech billionaire amid struggles to modernize the beleaguered poffle service. i.d.s. said the board has indicated that it would probably recommend an offer at the 375 cents per share posed. italy is selling a 12.4 billion

euro stake in the oil giant as it looks to reduce its mammoth debt. the government is working on a plan to sell around 20 billion euros in state-held stakes by 2026. and a second share buyback this year is now less likely. a day before it made a surprise announcement on 1.3 billion euros. the remarks to deutsche's investors are the starkest acknowledgement that parts of its payout brands there been thrown into disarray. dispoint, particularly to the chin part of its business. orders dropping. again, the factory automated demand out of china remains weak. continues to lag on seemens. unchanged for the year but it

has lowered guidance for its key industries unit. its revenue within that unit could decline as much as 8% this year. some of the key lines in terms of the earnings. second quarter industrial business profit for siemens below estimates. 2.5 billion euros. the estimates had been for 2 . 76 billion euros. the margin came in at just 14%. the estimates were at 15.2% and they're setting a guidance in terms of full-year comparative revenue between 8% and 9%. take a listen to the c.e.o. of siemens. >> number one is the private

consumption is not picking up. consumers are sitting on a record-high confidence level. and number two, the construction sector when was driving momentum is really going down now. this is by design then up a lot of direct investments going into china. companies are also starting to invest in other areas, which is another element. this package, this altogether is somehow still holding china back. china has issued some measures. for example, subsidizing the price of goods for energy efficient ones. it takes time, go slowly. >> i might add something else to that list. in the next couple of weeks the effort u. is going to give the outlook for chinese e.v.'s.

this week more tariffs from the biden administration on many products in the chinese economy. do you think that will delay the chinese recovery substantially? >> indeed, a good point. the export market is also not that strong. china is annex port market and the tariffs don't help. tariffs in principle, they're trig triggering counter tariffs, which is not good. in general in increases the price for consumers, which we don't believe is a good idea. at the same time the argument is about overcapacities in the automobile example -- industry, for example, there always has been overcapacities. so what's the point? the american e.v.'s don't believe this is such a strong market. same for europe. so i-don't believe this has a

huge impact but this tariffs and counter tariffs is maybe not what you want to see in a market which is starting to pick up growth in china. >> i'd like to get your perspective on overcapacity. a lot of european politicians who want to see a green transition, what you need is green panels and those sorts of things but what do you make of the fact china is passing all of this overcapacity to the world? >> the argument is that there's an oversucks dieing of certain sectors which causes overcapacities and they are flooding into the market. i don't believe that too much. take solar panels. most of them are coming now from china. it's a good idea if you want to drive the energy transition to get cheap panels from china. that's what we want. so therefore i do believe this

is an argument which we have to look at deeper. we do not believe in increasing of tariffs. free trade is good and low cost of good which are struggling. in particular our agendas, one of which is reducing the carbon footprint so i hope this is not the start of a tariff race. >> i want to go to germany in the whole market. do you see a recovery in the economy? >> not yet. i mean, you saw the latest news on the c.d. of g.d.p. expectations. germany is on the lower end. for a lot of structural things we have to do. work on our infrastructure investment. we're still talking about putting a brake on our debts. >> do you think the -- rate

needs reform? >> pardon me? >> do you think the debt rate needs reform? >> well, i do believe that sectively it makes sense to do that. i'm pro really of a tight hand. we should really be tight on our money and again, for a lot of flow of taxes. but on the other hand we have an underinvestment for so many years. so to catch up that -- at the same time put a brake on spending is something that is contradictory so my point is we should have neighbor picked up the point in saying we have to invest over, let's say, outdated infrastructure. and this goes also into schools, universities, the education system and the like and then start putting another brake on it so there might be a selective

embrace. we need germany to do some basic things. this is infrastructure, also education. but we need an inflow of immigrants. this is why we're working for openness, tolerance and respect for people. tom: there's plenty more coming up. we'll do a deep dive on that c.p.i. data and where it's left expectations for the fed. this is bloomberg. ♪

>> inflation is taking its sweet time coming down but we still think it's a downward trend. >> the big picture is that

it's come down a lot. >> great news from the fed, especially on the inflation front. >> this is a fed that wants to cut. i think if he has the opening, i think he'll do two. i don't think july but i do think september is possible. >> need to see more weakening in the data, especially on shelter inflation for the fed to gain confidence and get comfortable in terms of beginning to easing rates. >> the truth is i don't think that we're heading into a higher for longer environment. i think we're heading to a normal for longer environment. tom: relating to the latest u.s. inflation front. taking its sweet time. you got expected data, slightly softer. fueling if highs we've seen.

but the stickyness is within services still. work has been done on food and energy. rents, a little bit of stickyness there. that is a concern. services is key because the wage component within services and that's the white bar that reflects what's happening with services. in contraction is core goods so that move has been significant from the pandemic era. goods, core goods, inferred goods contracting. services remains a challenge for the fed. some of our guests commenting on that. we started the year, worked back down again and now back up to market pricing two. interestingly bloomberg economics says july is a live meeting. that's naacp consensus yet. september, though, is priced at about 60% in terms of a chance of a 25 basis point cut in september. let's look at the repricing as

well across the dollar and treasuries. back in march where you had that third straight print of higher inflation. higher c.e.i. and a significant higher up in yields and in the bloomberg dollar index. it is back down. since that shocker of an inflation print in march has come down. the dollar has essentially all but pared the strength that's come through on the dollar. particularly the yen. plenty more coming up of course on the show. bloomberg, including, of course interviews. the standout will be j.p. morgan c.e.o. we're back in paris. the c.e.o. of j.p. morgan jamie dimon is going to be speaking to us. also speaking to economists on

that print and fed expectations. j.p. morgan, much conviction they have in that view and interest as well. the head of global commodity strategy. no doubt a conversation with what's happening with copper with the short spree happening in the u.s. and whether or not that has momentum. jeff telling us yesterday that he sees 15,000 on copper. iron ore also up in session. the c.e.o. of easy jet is coming up on markets today. 7:45 london time. markets today coming up next. this is bloomberg. ♪

and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly.

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