And yet, it knows exactly how we see each other and how we treat each other. Clear, there is no vaccine for racism. Work forot to do the george floyd, for breonna taylor, for the lives of too many others to name, for our children, and for all of us. We have got to do the work to fulfill that promise of equal justice under law. Because heres the thing none of us are free until all of us are free. So we are at an inflection point. The constant chaos leaves us adrift. The incompetence makes us feel afraid. The callousness makes us feel alone. It is a lot. And heres the thing. Deserve soetter and much more. We must elect a president who will bring something different, something better, and do the important work. A president who will bring all of us together. Black, white, latino, asian, indigenous, to achieve the future we collectively want. We must elect joe biden. Joei will tell you, i knew as Vice President. I knew joe on the campaign trail. And i first got to know joe as the father of my friend. And i served as attorneys general of our states, delaware and california. During the great recession, he and i spoke on the phone nearly every day, working together to win back billions of dollars for homeowners from the big banks that foreclosed on peoples homes. Beau and i would talk about his family. How as a single father, joe would spend four hours every day riding the train back and forth from wilmington to washington. Beau and hunter got to have breakfast every morning with their dad. They went to sleep every night with the sound of his voice reading bedtime stories. Endured anhey unspeakable loss, those two little boys always knew that they were deeply, unconditionally loved. Joewhat also moved me about is the work that he did as he was going back and forth. Wrote thee leader who violence against women act and enacted the assault weapons ban. Who as Vice President implemented the recovery act, which brought our country back from the great recession. He championed the Affordable Care act, protecting millions of americans with preexisting conditions. Who spent decades promoting American Values and interest around the world. Believes we stand with our allies and stand up to our adversaries. President we have a who turns our tragedies into political weapons. Joe will be a president who turns our challenges into purpose. Together tong us build an economy that does not leave anyone behind. Where a good paying job is the floor, not the ceiling. Joe will bring us together to end this pandemic and make sure that we are prepared for the next one. Joe will bring us together to squarely face and dismantle racial injustice, furthering the work of generations. Canand i believe that we build that beloved community. Decent, is strong and just, and kind. One in which we can all see ourselves. That is the vision that our parents and grandparents fought for. Made my lifeat possible. The vision that makes the american promise for all its complexities and imperfections a promise worth fighting for. Make no mistake. The road ahead is not easy. We may stumble. We may fall short. But i pledge to you that we will act boldly and deal with our challenges honestly. We will speak truth and we will act with the same faith in you that we ask you to place in us. We believe that our country, all of us, will stand together for a better future. And we already are. We are seeing it in the doctors, the nurses, the Home Health Care workers and frontline workers who are risking their lives to save people they have never met. We see it in the teachers and truck drivers, the factory workers and farmers. The postal workers and poll workers. All putting their own safety on the line to help us get through this pandemic. And we see it in so many of you who are working, not just to get us through our current crisis, but to somewhere better. There is something happening all across our country. It is not about joe or me. It is about you. It is about us. Ages and colors and creeds who are yes, taking to the streets and also, persuading our family members, rallying our friends, organizing our neighbors and getting out the vote. And we have shown that when we vote, we expand access to health care and expand access to the ballot box and ensure that more working families can make a decent living. I am so inspired by a new generation. Realizepushing us to the ideals of our nation. Pushing us to live the values we share. Decency and fairness. Justice and love. Patriots who remind us that to love our country is to fight for the ideals of our country. In this election, we have a chance to change the course of history. We are all in this fight. You, me, and joe. Together. Awesome responsibility. What an awesome privilege. So, lets fight with conviction. Lets fight with hope. Lets fight with confidence in toselves and a commitment each other to the america we know is possible. The america we love. Now, this moment will have passed, and our children and our grandchildren will look in our eyes and they are going to ask us, where were you when mistakes were so high when the stakes were so high . They will ask us, what was it like . And we will tell them, we will tell them, not just how we felt. Did. Ll tell them what we thank you. God bless you. And god bless the United States of america. David we have been listening to addressKamala Harris the convention from wilmington. Passionate and emotional speech. Emotion in the tone of her voice would also the words she spoke. Addressing the issues of racial justice, of inclusion of equality. Talking about us acting together and trying to get out the vote. She said of joe biden that he will take our challenges and turn them into purpose. She laid out some of the things she thinks are so essential and why she think joe biden is the right person to do that. Rick davis, what was your reaction . It felt like a very emotional plea. Rick i totally agree with you. I thought it was a very conversational speech. It was not soaring rhetoric. Much like president obama did in his speech before this. It was down to earth. She talked about joe, her friend. She talked about his accomplishments and what brought her to this stage. The first third of the speech was almost a rendition i felt like i was at her house for thanksgiving dinner. Talking about the family. I felt like we got to know her story a little bit better. I think that was one of the things she needed to accomplish tonight and she checked that box. David to our radio listeners, what we had happen is the president ial nominee, joe biden, has come out with his wife and band. Kamala harris hus they are appropriately socially distanced. Your reaction. Jeanne i agree with rick. It was deeply personal for the first third to half of the speech, which is important because you do get to know who she is. I think the goal she wanted to set out was that we can all see ourselves in her story. It is quite a story when you listen to it. I also thought the staging i am as summarized by the staging. Everybody is socially distanced. There or not that many people there. They are speaking in a big room. There seems to be a few people scattered in the audience. What i was struck by is this historic moment when she accepted the nomination. No applause. Just deafening silence. It just reminds you of the moment we are living in. The democrats did this on purpose to remind people, we are here in their minds because of the president s inability to handle this virus and to tell people that the biden presidency would change that. By the staging i am as summarized by the staging. David as i said earlier, you have done that. You have run a president ial campaign. Harris as you watch Kamala Harris tonight, did she do what joe biden needed her to do . Rick i think she defined herself to the american public. She took some good shots at the opponent, donald trump. Of did a very good job talking about joe bidens track record. What he has accomplished in public life, which i think this convention could have done more of. He is quite an accomplished guy. I think what she did, the key thing, is set herself up to be the advocate. She used a phrase early in her speech. Kamala harris for the people. I can see that on a lot of banners throughout the course of this campaign until november. David exactly. It is not. Lost on any of us she was a prosecutor in san francisco. It will play in interesting way when she has to debate the current Vice President , mike pence. Jeanne that is going to be fascinating because she is a very tough debator. The Vice President himself as a but it is going to be fascinating to see how that comes out. I think we are going to watch as she moves through the next few months to see how she is going to attack the president. I think were going to see a lot more of that. David one thing we did not hear is directly addressing some of the unrest in the cities. She talked about george floyd. She talked about breonna taylor. She did not talk about the need to keep our streets. Safe. Rick one of the things that got relative short shift was social justice issues. We assumed going into this convention that between the covid pandemic, the economic unemployment, and that issue of social justice would almost be equal time and attention. No question, the social justice issues have taken a backseat. David we are going to close our broadcast with a special guest. She is the Los Angeles County supervisor. She served as secretary of labor in the obama and extraversion the obama administration. Thank you so much for being with us. Appreciate you joining us. Earlier in the evening, you addressed the convention. You said Kamala Harris is your friend. You gave her credit for some economic initiatives. Tell us about that. I want to say that i know harris. Kamala i was one of her early supporters when she ran for senate. I went many time to go back to lobby when she needed when we needed assistance for the county of los angeles. She helped us out tremendously on Immigration Reform and job creation as well as our transportation projects. I want to say she was also fighting for better salaries for inHome Health Care workers and helping to raise the minimum wage. She has always been on the forefront. Never been afraid to do any of that. She has also taken on the banks. And she won. That says a lot for her tenacity and her wherewithal. She has that kind of a person who will just go to bat for the small person, for the small guy regardless of who you are. She will stand up for the right principles and thanks she knows that we believe in. I am really happy that joe biden made this decision. We need to really rally the troops and get a whole bunch of people engaged again. So many people are beaten down right now because of covid. They lost their job. She is right what she said tonight about people feeling left out of any conversation about any position of being able to get help from the federal government right now. We have to find a cure. In thee is a new person white house with a vp who is going to work every single day and not go out and take time to golf and talk and say it is all a hoax. This does exist. We see in Los Angeles County. The county board of supervisors, we know we have high rates of covid. It really is hurting people who are essential workers. People have lost their job and people who are on the verge of losing their job should on the verge of losing their job. Rick i went to get back to Kamala Harris. Is there a specific issue that as Vice President she would champion . We know in the past, Vice President s have been able to a couple issues and drive them within the administration. Is there anything in particular you think senator harris would champion as Vice President . I am going to fight really hard for the economy to make sure everyone gets an equitable fair share. She did here in california. I know she is going to continue to do it there. That is a broader discussion that has to happen. Each and as you have seen President Trump even as you have seen President Trump rewarding folks who do not need relief, they receive the benefits. What about the other 70, 80 of the public that did not get anything . She is going to make that a fight. I know she is going to be on everyday. She is going to expand health care to make sure we have a public option so people can keep their insurance. We are going to do a better job. We are going to help safeguard those dreamers she talks about. Instead of tearing people apart because of your religion or how you work or what side of the fence you were raised on. She is going to say no. We are going to treat everyone the same. That is the same principle that joe biden has. I cannot tell you how happy i am. Jeanne you alluded to this a little bit. For those of us across the United States who are just getting to know senator harris and you know her, what is something you would say we do not realize about her . She served in the senate for a time now. What do you know her as being from california in terms of the way she governs and what could we expect if indeed she becomes Vice President . She has a very popular person. I will tell you that. She has a strong following. Women look up to her. Young women. Women who look like me look up to her. They see themselves in a row model like that. She is going to fight for pay equity. She is going to fight for womens rights. She is going to care about the mom who has to raise her children. She is going to care about the person who has to take care of their elderly parent. She is going to care about the worker who puts his life on the line to feed his family. She was raised by a single mother. She knows how hard it is to work. Family means so much. To me, that is a value that resonates with a lot of people in our country right now. Basically, if we are going to take on this fight november 3, it is going to be out to be about unity. Bring everybody together. She has been able to do that. David we cannot thank you enough for joining us. That is the l. A. County supervisor and the former u. S. Eikeri former u. S. Secretary of labor. Would also like to thank rick davis and jeannie zaino. Tomorrow, we are going to have two hours of live coverage starting at 9 00 p. M. Eastern time has joe biden addresses the Democratic National convention and lays out his vision for the nation. This is coverage of the Democratic National convention on Bloomberg Television and radio. Im david westin. This is bloomberg. This is Bloomberg Markets asia. You are watching Bloomberg Markets asia. Taking a look at markets, seeing the selloff get a little bit worse now. Jitters in the market. Guest,ring in our next our guest cio for asia and europe at Deutsche Bank wealth management. He joins us from frankfurt. Always good to have you with us. We have the benchmark down the most since midjuly. Has the narrative changed in the market . Not really. I think today, the market is comments, the fed which is talking about some uncertainties down the road, which i think should not be a surprise. It is a reason to take some profit so nothing has really changed. Momentum,in terms of what will drive it . Will it be tech continuing the rally, lifting the benchmark from here . Could potentially be. For thetill positive quality growth, which includes tech but also health care companies. That has always been our call for some time now. We have seen this week, the nasdaq making some new highs. The s p 500 also reaching a new alltime high. It is mostly driven by tech companies. We think this can continue. Vaccine hope to find a that might bring us back to some sort of normality. U. S. Here, and hope for the to find some agreement for the next Fiscal Program so the recovery can continue in this way. You have a little more of a contrarian view when it comes to where the dollar goes. There seems to be a growing consensus that this downtrend of the dollar will continue. You are thinking it can strengthen. What is the case behind that . I think what has driven the dollar weaker currently is two fold. One was the rising number in infection over the past few weeks, which is trending down. Secondly, i already mentioned the markets are kind of disappointed there is no agreement on another fiscal deal. The dollar went weaker. There will be some sort of agreement. Maybe not to an extent democrats would like to have, but if this is coming, that should shortterm speak for the u. S. Dollar. If you also look the dollar looks pretty oversold. Hence the technical reaction could also be in the cards here. Therefore, we have a slightly positive you for the dollar over the next few weeks, even months. Yvonne we are going to leave it there. Joining us from frankfurt. The selloff gaining some momentum. The likes of taiwan following the most in five months. Chinese markets, there was a little bit of disappointment with the lpr left unchanged this morning. This is bloomberg. Yvonne attila it is 11 between nine in beijing. Kamala harris addressed the third night of the national convention, urging supporters to defy what she called republicans trying to suppress the vote in november. Harris is the first black woman and the first of asianamerican organ to be on the president ial ticket. Hong kong has reported its lowest number of new virus cases since the outbreak along with fewer infections of unknown origin. 35 ,cases have not passed down from 60 in mid july. Thailand is considering its state of emergencies through next month to prevent a new wave of cases. President trump plans to reinstate sanctions against iran after a heavy defeat at the u. N. Security council. Secretary of state mike on pao is expected to wreath members thursday on washingtons plan to reinstate sanctions after the council rejected a formal resolution. Global sanctions were eased under the 2015 nuclear deal that President Trump abandoned two years ago. The United Arab Emirates says plans to establish formal ties with israel will help salvage a 2002 plan for middle east peace and palestinian state. The uae becomes the third arab nation to normalize ties with israel. The accord will see the jewish state halt annexation of the occupied west bank. A is seen as ending hopes of palestinian homeland. Haslinda taking a look at the markets, we have a selloff in asia. The index down by more than 1 . Down the most since midjuly. We had the kospi getting low by about 3 . We are keeping a watch on whether nifty opens. Futures pointing to a lower open, down by 1 . Indian stocks at a fivemonth high. Also some encouraging data suggesting virus spread is slow. Csi 300 below the 10 day moving average. China leaving the lpr steady. China sees a lower chance of a triple are cut in 2020. The nikkei 225 back from the lunch break. Down from 1 . Extending the decline for the day. Drag down by softbank. Laying on japanese equities. On market wants clarity u. S. China trade talks. Take a look at what we are watching in terms of specific stocks. Qantas reported its first laws in six years. It predicted it will not make money in the next financial year. Smashing the airline industry. Down by about 1 . Take a look at hong kong. Lower by 45 at this stage. Dow jones reporting they are suspending all payments to creditors after the pandemic dented operations. A debt of 3. 4 billion. Aia down by 4 . Terminatingu. S. Is extradition and tax agreements with hong kong. The Trump Administration steps up pressure on china after the National Security law. The move follows up on an executive order to end the preferential trade status. Our Senior Editor joining us for more. With this expedition this extradition treaty, it seems like they are following the likes of australia and u. K. The u. S. Has made it clear the more china treats hong kong like part of china, the u. S. Will treat hong kong like part of china. This is a continuing move to equalize the United States treatment of hong kong with the same way that it treats Mainland China. Some of these things, the extradition youre talking about, a reciprocal tax treatment on shipping, things of in what ie, nothing would deem as earth shattering kind of stuff, but another step down the path where the u. S. Is fairly gradually simply moving to treat hong kong like part of Mainland China like it does not really have a difference because the u. S. Continues to assess that beijings move since the National Security law has been to try and pull hong kong closer. The u. S. Has said it does not like the moves china is making. It objects to the moves china is making. It feels the moves china is making are in violation of their deal to leave hong kong into a two systems situation. And so, you should see there is a continued progression down that path. Continued pressure on hong kong and china, yet we are seeing that perhaps the phase one trade talks could resume. Derek we are. We are told by a person familiar with the matter that the u. S. And china plan to reschedule those talks that were postponed last weekend. President donald trump earlier this week said he called the talks off. That raised some questions about the future of this deal. Phase one has been one of these things where even as we have seen rising tensions between the u. S. And china, both sides seemed fairly committed to the phase one truth. There is nothing on the horizon that suggests there is going to be a phase two any time soon. Certainly not before the november elections in the United States. This is certainly a sign i think that phase one is not as in jeopardy as some people perhaps thought that it might be. Yvonne might just be a delay, not a derailment. Our Senior Editor joining us for the latest. Lets get this tomorrow earnings. Aias Business Value fell 38 . That is the most since the insurer went public in 2010. The pandemic has made it harder for sales agent to meet with prospective clients. Business in Mainland China offering hope of a turnaround. I spoke to the new cio. We deliver a very in the context of this environment. Recovery ing strong the months of may and june. Going to july as well as the markets come out of lockdown. China, inum in vietnam, even in markets like thailand, india. India is still in a serious situation. And thentum we see digitalization has been encouraging. Yvonne you mentioned the remote training you have had to do. Given the challenges of this pandemic, how have you had to adjust in terms of how you hire people and put people moving around now. Opportunity to digitalize most of our processes. Adoption [indiscernible] our agency force and salesforce is high. In singapore, even after coming breaker, thercuit proportion of new business coming through digital or remote selling still remains at a high level of around 80 . The adoption is very high. India, all the businesses coming through have been selling. 99 of the business comes through remote selling. Yvonne 40 of policies issued in the Second Quarter were done remotely. Overall. Yvonne do you see that as a sense of a permanent change in the industry . People still like to see it is a complicated planning process, planning for the future. Andets come out of lockdown age ends are able to see customers facetoface, it seems like in china, [indiscernible] yvonne i want to focus on hong kong as well. We have seen new Business Value continue to be sluggish, on 68 . With the National Security legislation that has come into effect for two months, what considerations do you make at aia for Companies Like aia . What are you looking at to stay resilient . We are headquartered in hong kong. We remain optimistic about hong kong. We are asian focused company. At hongif you look kong, it has the best business operating environment compared markets theythe operate in, many of the developed markets in the world. The Business Environment remains very good for business. Yvonne do you think if they do relax restrictions, you took a lot of your business before from mainland visitors. You see those mainland visitors coming back in the same way like they did before or given the political unrest, perhaps a lot of your customers are going to stay away. I have worked the last 20 years in Mainland China. The last 16, i was in shenzhen. Hongieve that as long as kong Companies Remain price china,tive compared to the mainland chinese customers will come back. When difficult to project the border will open. Dynamics remain, our customers will come back. Group ceo and president lee yuan siong. Just how long the recovery could take as proving to be anyones guess. Our exclusive interview with the apac Vice President is next. Keep it here with us. This is bloomberg. Reportingtachi are the company is going to sell the hitachi metals. To sell that 53 . You are seeing the share pop after the afternoon session resumed in tokyo. Two or 3 on the news. Haslinda lets talk travel. The Tourism Industry has been massively affected by the spread of covid19. Many companies have introduced travel restrictions. The u. N. World Tourism Organization announced tourism arrivals might fall as much as 40 . With continuing cuts, the next guest says Domestic Travel is starting to recover faster for his company. Lets bring in the Vice President of booking. Com. One of the worlds leading digital companies. Good to have you with us. It will take years, not quarters, for the travel industry to recover, yes . [indiscernible] it is hard to believe how people will look like. With the restrictions we are having, International Travel will not be back for the next couple of years. Two years, something we will see. Domestically, we are seeing a recovery in some countries. About betting on Domestic Travel. That depends, within asia itself. The likes of hong kong, there is no Domestic Travel to speak of. How do you see this . Domestic travel picking up in countries like taiwan, australia. Each country is in different situation with covid. Also because several travel restrictions are also making it very hard. That is why we are focusing on making sure Domestic Travel is very well served and trying to help our partners and customers. They indeed want to stay close down. The eagerness and willingness to travelers still there. How do you stay agile during this time . Do you cater more toward some of these shortterm rentals, towards the Airline Segment versus Hotel Business . We have seen other otas venture into online tours. How are you staying nimble . We are always trying to follow the customers needs. We have what we call alternative accommodations picking up the last months. We mean houses, apartments, all of the nontraditional type of accommodations. We are trying to cater to those needs. Making sure that booking those types of accommodations [indiscernible] also at the same time, being very conscious that customers and travelers are very interested in safety. The more we can do in that sense, the better. What we want to do is install trust in the customer. Yvonne what about for the golden week holiday . Everyone is watching how the china resumption is going to play out, especially domestically. Do you think the travel market can bounce back to growth now cannot travel overseas . China is an extremely important country for the travel industry. The amount of customers, they are ready to send abroad, is huge. We have to be conscious that still today, International Travel is a complicated situation. There are lots of quarantine processes. There are still countries you cannot travel to. We have to be cautious. Domestically, i think China Business is going to be [indiscernible] you are seeing that pickup already. International, we have to be cautious. The situation is changing week over week. It is very hard to be optimistic. We have to be cautious with what we are seeing for the future. Cautious, but what kind of recovery . Are there any numbers you can share with us . Domestically, recovering quite a bit. For the future, it is very hard because we can operate how this covid stec how the cobit situation is going to be. China we cannot predict how the covid situation will be. It is hard to say how the next quarters will be. We believe domestically, it will be the most important piece to participate, to be focused on. How wea we talk about are a long way away from a recovery in the travel sector. Are we looking at more consolidation with industry echo what kind of survival rates are we anticipating . You can always expect some degree of [indiscernible] in the hotel industry, you see that happens. We have to be noble and adjust and understand what that is going to look like in the future. We are making sure our strategy the business we are able to generate toward our partners and customers is in the best place as possible. This is what we are doing. We are going to be catering for this new situation. For a company, our platform and looking forward is going to be extremely important. Crisis is also an opportunity for the Tourism Sector to think about the future of tourism. What discussions are you having . We know that you are also having discussions with government on this. We are going to see for now, because of the uncertainty of travel, to make sure our customers have the best type of rates possible with flexible cancellation, flexible policies. If you want to cancel your travel, you should be able to. Were trying to avoid paying in advance and being as much flexible as we can be. That is from the customer perspective. I am sure it will change in the travel industry. From the governments situation, the more we can cooperate, the better. I think there is room still to improve the relationships with the different stakeholders in the industry. In order to make sure we have transparency and divisions that we are going to be caking going to be taking. How we incorporate in advance in order to make sure the demand is going to be there for our partners, ourselves and for the customers. There are a lot of ways to improve that. Thank you so much. Just some lines crossing in hong kong. The government reiterating it will take action against the wto. Via the they are going through the wto after we did see the u. S. Suspend its extradition treaties with hong kong. Following with what we have seen mom likes of australia, from the likes of u. K. And germany. Continuing that selloff off to percent. 528 points lower today. Also looking ahead said the india open. That looks like things are taking action right now. The offshore rim nbc anchor a bit of pressure offshore renminbi seeing a bit of pleasure. Nifty down 95 points. We are watching some of these banks as well. The Nifty Bank Index down 1. 5 . It is a pretty broad selloff today. This is bloomberg. Haslinda onto the philippines or the bank central is likely to keep policy rates steady. The nation is easing lucked out rules in the capital as the government tries to balance supporting the economy while curtailing the spikes in coronavirus cases. Our reporter is in manila. The bank likely to hold. Yes. The central bank is likely to [indiscernible] the philippines has been one of the most aggressive rate cutters in asia. Points rate of 175 basis this year. Watching ysts are what are the tools that can be used to help the economy . Pump liquidity into the Financial System through buying a Government Fund in the secondary market. Yvonne he signaled perhaps rate cuts perhaps there is no need for them in the near term. What does this mean for the Growth Prospects in the philippines . The Growth Prospect of the that is how a lot of analysts describe it. The philippines started into the session last quarter after containment measures data consumption and drug job losses to a record. And drovet is job losses to a record. The government is loosening restrictions. One of the longest lockdowns. Analysts are of the view that even with listening restrictions , the root of the issue is Health Issues and Less Government demonstrably showed unLess Government demonstrably showed they have contained a virus, [indiscernible] that will not do anything good for the economy. Yvonne thank you. Take a look at markets. We are seeing the heavy selling here today. Seems like a what triggered it was the hangover from the minutes. Also when it comes to the lack of volumes you are seeing in some of these markets like japan. It seems like people are taking profits at the moment after the resurgence we have seen in some of these equity markets like taiwan and korea that have done well this year. Down at 237. Tact leading the selloff. We are seeing every sector in the asiapacific that is in the red today. It is about the dollar story as well. Regaining some strength after a couple of weeks of weakness. Haslinda you are right. The Dollar Holding Steady at this point. Still at 2018. The driving market narrative remains focused on tensions of a u. S. Fiscal policy, u. S. Elections and the prospect of a dovish fed. Taking a look at where we are in terms of the dollar, gold down by seven tens of 1 . Below the 2000 level. Theaw a blow to gold after after the fed disappointed investors. Guests some highprofile coming up. First in, we are joined by the ceo of australia mining. Then, the australian conglomerate is here with us. This is bloomberg. Hike Simon Pagenaud takes the lead at the indy 500 coming to the green flag, racing at daytona. Theyre off. In the kentucky derby. Rory mcllroy is a two time champion at east lake. He scores stanley cup champions touchdown only mahomes. The big events are back and xfinity is your home for the return of live sports. The following is a paid presentation brought to you by rare collectibles tv. Announcer the Morgan Silver dollar is without a doubt the most iconic coin in United States numismatics history, designed by United States mint assistant engraver george t. Morgan, this Silver Dollar series was minted from 18781904, then again for one year in 1921. The morgan dollar is nearly an