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tv   Bloomberg Technology  Bloomberg  January 6, 2021 11:00pm-12:00am EST

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>> this is bloomberg daybreak. our top stories, a dark day in d.c. both parties condemn violent protesters who storm the capitol building, pushing lawmakers from their chambers. one woman was shot and killed. >> this president bears a great deal of the blame. this mob was in good part president trump's doing. congress resumed
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certifying joe biden's election win. democrats will control the senate for the first time in six years after the victory of two runoff races in georgia. boris johnson braces the people of england for lockdown rules to last for several more months as the u.s. -- u.k. virus for tally hits their highest total since april. oil up again following the announcement of saudi arabia to cut plans. 8:00 am across the emirates. world hold his breath as we got the shocking images from overnight. but the markets on the broader picture, relatively muted. 500,r in fact for the s&p about .6%. strong return of the reflation trade on wall street dominated the scene. value stocks came into focus. the russell 2000, small caps
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rallying to another record high. treasuries, u.s. 10 still holding ground above the 1.04 mark. bloomberg dollar index initially paring some losses after the u.s. capitol was placed under lockdown, but we are now below the flat line again. brent crude rising .8%, the third day of gains, as a bigger than expected drop in u.s. crude stockpiles led to cut trade. let's get you the full picture in asia with juliette saly joining us from singapore. despite what we saw in d.c. overnight asia time, we are seeing risk on today. the asia-pacific index rising to yet another record. we have seen a lot of momentum in particular coming through in south korean stocks. the kospi has rallied 100% from its bottom in 2020 and is above
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the 3000 point level again. nikkei also doing well despite the fact we are expected to hear a state of emergency declared in tokyo. csi 300 at a 13 year high. but we are seeing weakness in hong kong. this is on reports the trump administration could bar investments in alibaba and tencent in the u.s. and you are seeing tencent and alibaba dropping. of course this whiplash story you have been talking about all week. the new york stock exchange has decided it will delist the big china telcos. china mobile fall in the most since august of 2015 to june 2006 lows. deutsche bank calling this the buying opportunity of the decade. yousef: thank you for that. we will check back in with you in a moment. let's also run you through the first word headlines with simone foxman. rising virus numbers and
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japan are expected to trigger a state of emergency in tokyo later. local media says prime minister suga will impose new measures which will last at least a month. the move empowers local authorities to keep people at home and order businesses to close or limit their operation. bloomberg economics sees the emergency cutting .7% off national gdp. iran says it has successfully tested long-range so-called suicide drones in a major military exercise. local media says that jerome flew for about 1400 kilometers, but has a total range of 4000 kilometers. the exercise came as iran repeated its determination to defend itself from potential u.s. military action, following the anniversary of the killing of its top general. assanges founder julian
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has lost his bail hearing in london, with the judge ruling he remains a flight risk. jailge will be kept in ahead of a deal on his blocked extradition. the 49-year-old spent years in jail and self-imposed exile to avoid deportation. he is fighting claims that wikileaks broke u.s. security laws and endangered americans by releasing classified documents. elon musk is closing in on the title of richest person on the planet. tesla's seemingly unstoppable rise in recent weeks has pushed him to within touching distance of amazon boss jeff bezos on the bloomberg billionaires index. musk is now just $3 billion shy of bezos, with a fortune of $184 billion. bezos has held the top spot since october 2017. the pair are also rivals in the space race. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries.
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i'm simone foxman. this is bloomberg. yousef: lawmakers voting to certify joe biden's election victory after a day of chaos and drama in d.c. pro-trump mobs storms capitol hill, leaving at least four people dead. 13 protesters were arrested. the violence lasted for hours until the national guard and state troopers were deployed, forcing the police to evacuate lawmakers. not accept blame for the chaos. >> i know you are hurting. we had an election that was stolen from us. it was a landslide election. and everyone knows it. especially the other side. but you have to go home now. we have to have peace. >> at this hour, our democracy is under unprecedented assault. unlike anything we have seen in modern times.
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citadel ofon the liberty. yousef: washington, d.c.'s mayor has extended the public emergency order to 15 days. let's get out to daniel flatley. run us through where everything is at at the moment and describe to us the scene on the ground. house isight now the voting whether to reject the votes from arizona. 50 states and the district of columbia that they are supposed to be counting today. he states go in alphabetical order. of course they did not make it very far. they went to arizona and that one the first objection was made around 1:30 this afternoon. things were pretty quiet on capitol hill until that point. but a few things happened at the same time, one of which was a trump rally on the
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national mall broje out. people gathered for that rally started to make their way up the hill towards the capital. and shortly after 2:00, 3:00 this afternoon, those protesters breached whatever defenses the capitol police had in place and were able to get inside the capital. there were photos taken in house speaker nancy pelosi's office. we know that protesters got onto the house floor and onto the senate floor, in a pretty extraordinary seen that has really not been seen in this country since the early 19th century. wilf, wild day here. but both leaders in the house and senate felt that they needed to get back to the count as a show of strength, so that is what they are doing now. and we are waiting for that vote to wrap up. yousef: we're looking at some images now.
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ards really failed to capture lot of what happened. but in terms of the consequences of developments from overnight, there are some ruptures within the gop, aren't there? and we are seeing that in the vote. daniel: yes, i think that is right. although what is striking is the difference between the house and the senate as far as that goes. you are right, there is a rift in the republican party in terms of the reaction to what happened today. that rift is most pronounced in someenate, where you had members who had said that they were going to object, sort of rescind that and say they would not object, and that they were standing down, essentially. not everyone was going to do that. we still had six senators who voted to reject the votes from arizona. but you heard some impassioned speeches from prominent
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republicans like mitt romney, lindsey graham, tom cotton. people who had previously backed trump, really putting a lot of distance between themselves and the president. over on the house side, it was not quite that way. right now the vote is still going on. but 122 republicans have voted to reject the electoral results from arizona right now. so there's still a lot of support for the president in that chamber. yousef: dan, thank you. bloomberg news's congressional reporter dan flatley. plenty more had. this is bloomberg. ♪ s is bloomberg. ♪ save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need starting at just $15 a month. there are no term contracts, no activation fees,
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yousef: there is a semblance of calm now in washington dc after a pro-trump mob stormed the u.s. capitol. despite the chaos, markets are on the upside. after democrats took control of
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the senate, paving the way for joe biden's agenda. the market appears to be looking at the latest developments overnight with relative confidence that there is not going to be lasting damage or disruption to economic activity. i can't help but wonder whether you agree with that. are certainlykets looking through the riots yesterday in washington. have thetrue, we resurging again in the u.s., but i think markets are really focused on stimulus in a way that is good news. and with the democrats now
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sweep, a blue suite,-- the markets are looking forward to sizable fiscal stimulus. and we think this blue sweep means an additional 1.5 percentage points above our existing forecast because of all the fiscal stimulus and also infrastructure. yousef: when you talk about more now set with democrats to take full control, u.s. 10 year yields have been at the front and center of a lot of the debate. growth past 1%. how high can they really go, though? because the rest of the developed world has healed still comparatively low. at some point the fed will likely step into kathy's, right -- to cap these, right? rob: potentially you are right. the more that long-term interest rates go up, the more
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constraining it is and counteracting the stimulus. lookingink the fed is at it very carefully. the.i'd say fed is probably watching a few things. one, the 10 year yield has moved a bit above 1%. because of rise is rising inflation expectations. the term premium remains very negative, around minus one. i think the fed would be happy with that. the other thing is the speed of the mood. i think they will be watching that very carefully. if it moves too rapidly, the fed could move to intervene. i think the faint -- i think the thing the fed will probably do is an operation twist or the extension of a duration of bond buying. somebody has that up their sleeve. so far given this expectation for the five-year moving up, i
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think the fed is probably not about to respond to the move so far. yousef: rob, you are confident then that the u.s. political scene will be able to move forward quite fast from the events from overnight. and i look at u.s. stocks, for the russell 2000, they was a fresh record. onin, you can get the chart gtv . is that something that you are getting behind in terms of a rotation into some of the laggards of 2020? is that for long as far as you're concerned 00 is that full on now as far as you are concerned? rob: yes, i think it will most likely continue. the other thing about the blue bidenis it does give the
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administration a bit more leeway to push its agenda. big,of that agenda is tougher regulations on tech. the other thing i would say is the vaccine rollout is just starting. it is going to take time. fingers time, as, crossed, we've managed to suppress this virus, the old economy stocks should start to improve. rotation isk this in early days and will continue. yousef: you talk about control, but then i look at what is happening in the u.k., where the covid situation looks rather out of control. in fact, premised are boris johnson has weighed in. let's take a listen. >> as was the case last
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spring, our emergence will not be a big bang what a gradual unwrapping. yousef: is that perhaps a risk investors should be preparing more for? the eventuality of a vaccine that cannot keep up with the surge of infections? across europe and the u.s. there's certainly risks, right? i think one essential risk is that the virus continues to mutate. and the effectiveness of the vaccine diminishes as a result. we just do not know the answer to that at this point. we have to wait and see. but i will come back to the point i made earlier. i do feel also for the u.s. and europe that this bad news is
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good news, because it is leading to more fiscal stimulus, and the fed will be making sure that long-term rates do not go up too quickly. the other point i would make is looking at this whole recovery race between the major economies. i think with this resurgence of the virus in the west, which is much more severe than what we are seeing in asia, it means that asia will extend its lead in this recovery race this year. yousef: rob, thank you for that. head of global macro research there. a lot more to get to. this is bloomberg. ♪ is bloomberg. ♪
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yousef: quick check of the latest headlines. tesla says it expects to launch
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the first examples of the china model towards the middle of the year. it's websites is the basic version of the car should be delivered sometime in the second quarter, with the performance model coming in the third quarter. tesla has set the price of the model y below some chinese rivals to maintain competitive edge. the car has been expected this month. t-mobile jumps in late trade after topping estimates in the fourth quarter. the carrier added more than 2.2000 users, taking above million for 2020. it was ahead of their predictions. vuittonecutive at louis and another are set to take over management of tiffany. the $16 billion deal happened last month. louis vuitton will lead the
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jeweler. purchase is finalized later thursday. markets have been digesting the embargohe year's long in qatar. most stock markets were unchanged yesterday. how has the geopolitical shakeup changed projections in the longer-term? simone foxman joins us now. what have economists been telling you? simone: they have been telling me that the impact is going to be pretty minimal. we have seen a handful of notes and out this week, essentially the thinking is that the initial impact on qatari markets, particularly equity markets and trade, it was generally short-lived, and therefore the resumption of
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trade they say is going to be limited. a similar note out from mina advisors as well, who writes that trade around the region not expected to ever really recover to pre-embargo levels, or at lease for the foreseeable future. vaccines likely to be more important, as resumption of tourism in the region. are prettyourists important for the local qatari economy. if they come back to where they were pre-embargo, that could add .6% to gdp. a notable shift, but not a massive game changer here. yousef: then oman has been releasing details about an impending value added tax over the past few days. what do we know at this point? expected to tax is go into effect on april 16. interesting you mentioned oman,
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i wanted to point out that oman is expected to be a key beneficiary of the rift revolution. talk about this tax. it will apply to businesses who have annual supplies of over $100,000 a year. exempt on things like meat, fish, poultry, drinking water. the omani finance ministry expects this will raise $779 million. value added tax boon for those b ond investors. that is the market we watch most closely. prices for 2029, bonds, as in the investors want to buy the bonds, they are the highest since march 4, right at the very beginning of the impact we saw from the coronavirus. yousef: in israel we are seeing yet another round of measures to combat the coronavirus.
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what further changes are being imposed there? we had a partial lockdown in place from december 27, but now on thursday night, tonight at midnight, we will see more measures going to affect. all businesses and schools, all nonessential businesses and schools to be closed from that point. the rationale is clear. if you check out gtv , there were over 7000 new cases confirmed in the past two days. more than 9000 cases confirmed on monday. this is the highest levels of coronavirus cases we are seeing, despite the fact that 15% of the population in israel has received their first vaccine. this is very much a test for netanyahu, as the third lockdown ways on the economy, expected to
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take away about 3.5 billion shekels worth of productivity every day. yousef: thank you very much. simone foxman, there, in doha. let's return to live pictures from washington dc from the senate floor, where there is an ongoing discussion around the deliberations overnight, and around the road ahead as well. the u.s. presidential certification resumed after a time of violence that we saw and witnessed. the pictures were nothing short of shocking, as protesters were able to breach into some of the key areas of capitol hill. in any case, senator elizabeth warren has been speaking. she says the senators voting to overturn the election results will be judged by history. she said she did not throw a temper tantrum or feed propaganda. three people have died of medical complications in these protests.
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markets have so far shrugged this off. there appears to be an oppression that this will not have lasting damage or disruption to u.s. economic potential. we will continue analysis shortly. this is bloomberg. ♪ is bloomberg. ♪
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yousef: our top stories this morning, a dark day in d.c., both parties condemn violent protesters that stormed capitol building. they forced lawmakers from their chambers. one woman was shot and killed. >> this president bears a great deal of the blame. in good part president trump's doing. democrats will control the senate for the first time in six years. in the u.k., boris johnson
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braces the people of england for lockdown to land -- to go on for months. oil is up again following the announcement of saudi arabia cutting. markets.ck in on the you through a headline hitting the bloomberg from tokyo with an update around the situation as it pertains to the coronavirus, tokyo found more than 2000 new cases of the coronavirus according to nhk, as the city continues to combat the covid-19. hows get the response on things are holding up in asia. >> we have been waiting on an
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update from the prime minister in japan, expected to declare tokyo a state of emergency today. still despite this and despite what we saw in d.c. overnight, it is risk on, asian stocks continuing to hit records. the nikkei up 1.6% having its best day in more than a week. the kospi up by 2.7% of a continuing to add to records as terms of's taiex. in the tech players in hong kong, they have been mirroring the moves we saw in the adrs in the u.s. overnight and the submitted reports the trump administration could bar investments in china to more valuable companies. a dramatic escalation given this year's difficulty in unwinding some of these positions for u.s. investors. yousef: what is the latest on the new york stock exchange decision on whether they are going to, or not, delist big
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chinese companies? will.te: now they we have had whiplash following the story. exchange nowstock says they will be delisting these three big telcos and not surprisingly, that has an effect on adrs in the u.s. as well and we are seeing big falls in hong kong trade. if we have a look at where they are trading in terms of what we are seeing on the lunch break, we have seen the china mobile drop to 2006 lowe's. weakness come always a buying opportunity and deutsche bank saying this could be the buying opportunity of the decade as we see these chinese telcos trade at cheap levels. the actions the most bizarre series of events he has seen in the u.s. in his career. we will get an update.
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that will be tomorrow. yousef: thank you for that. get to some of the commodity action in saudi arabia, the surprise output cut this week transformed the kingdom into the de facto ruler over the global oil industry. the energyspoke with minister about how the cuts will affect the mastic sales and exports. >> it is commercial rather than political choice, directed by political aspiration or objective. >> i want to get a sense from you about why the turnaround yesterday. you spent a lot of time bringing the laggards in and you said many times to me last year that saudi arabia will not go it alone. you want everybody to cut equally and share the burden, but now you are sharing a big word and with this one million barrel per day cut.
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why the u-turn? >> we didn't consult with anybody. we felt our partners in the region have underwent very hard experience. so has the entire industry. asking them for additional cuts or restrictions is going to be too excruciating for all of them. we opted to take that option which is the easy option. we know for certain we could do it. as you just said, it is going to be confined to a two-month period, which i believe is done for a good purpose. keep in mind that others are going to be cutting, because they were anticipating an increase. >> with all due respect, russia is increasing.
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you are decreasing. leaderstwo big diverging in how they think and feel about the market? >> no, i think the idea of bringing 23 countries together, you would assume everybody is theg to line up based on emphasis or the direction or the analysis of one country is i think detrimental to any gathering of such nature area there are those who decided to continue the pace and not to increase. there are those who asked for an incremental increase to attend to a particular situation for them, which is the winter months. and there is saudi arabia, which came up with this incredible gesture of goodwill. >> you caught many people on the
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back of this. incoming --d on the >> i'm not sure it is a shock. it is a shock for the speculators, and good luck, i think they are having a nice time to reconsider what they have been doing to the market. me that saudi we givethe right to say the oil industry a wonderful present and a wonderful surprise. >> the same day, you make this one million barrel per day cut, we see qatar and saudi arabia, is this an olive branch to the united states, your royal highness? >> our schedulers did not need to make sure these two dates coincided with one another. good tuesday.ed a
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but trust me, there was nothing in any way that was engineered to target an expectation as such. >> was this an olive branch to the incoming biden administration? >> i fail to see any correlation between the two. fascinating conversation with the saudi arabian energy minister. let's say with -- stay with the region. the gulf paused after the saudi oil cut announcement. most of the regional equity markets closed unchanged on wednesday. analysts say, why did we get the positive news on the easing of the aramco in terms of it not fixing through and having that effect? >> good morning.
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in theuity benchmarks region, except for egypt, were down yesterday or pretty much unchanged. when we spoke to a few analysts, what they said, because we expected the markets to open with the easing of the qatar rift and the analysts said the excitement is likely to stay through the near term because of the news of the rift floating around for a few minute -- months and we expected it to happen. a few analysts thought opening up the borders, the states that agreed to open up the borders, there was a lot of pre-positioning in stocks before and on the event, it was likely to be good news. but that shouldn't, we shouldn't neglect that opening the borders with qatar will be positive in the long run. we expect supply chains to come back with momentum.
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but for saudi arabia, which also opened, which also closed yesterday, the direct economic significance according to analysts is going to be trivial. improvingkeep is the geopolitical situation will be important for investments. said the outlook for the gcc creditworthiness is negative. what is driving the rationale at moody's? >> i have two words for moody's and it is fiscal strength. the fiscal strength of gcc countries is expected to keep deteriorating and that will constrain their spending. we know a lot of the countries here have cut their expenditures, for example in oman, they are planning to cut expenditure about 14% against last year. that will slow their economic recovery.
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inflation, adjusted gdp to go to pre-pandemic levels into-three years and the recovery will be protracted in the diversified sovereigns. we expect the gcc sovereigns will increase their prudence. in 2020 they borrowed at the highest level ever and that momentum will continue over 2021. the expenditure is going to be, is going to remain above pre-pandemic levels only in kuwait and bahrain, but the fiscal deficit for the countries is going to be at an average of 6% of gdp. that is lower than last year's double-digit deficits that we saw floating around all-time highs for the countries. that.: thanks for a lot more to come. this is bloomberg.
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yousef: the japanese prime minister is expected to declare a state of emergency in tokyo and adjacent areas later as infections hit a record high. local media is expecting tokyo to report more than 2000 new cases. critics are calling the strategy to narrow and restrictions may last for months.
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let's get to our reporter in tokyo. why is the government declaring this emergency now? >> a lot of people would say it is a bit belated. there have been 2000 cases reported in tokyo today, which top levelan twice the we saw in the spring with the previous, the previous sort of spike of the pandemic. this emergency is aimed at bringing those cases down, especially serious cases, the number of people in hospital. it will last a month from january 8 to february 7 but it will be less stringent than the emergency they instituted last april. this time, residents will be urged to avoid going out but only at night after 8:00 p.m. and bars and restaurants will be instructed to close at 8:00. there will be another push for remote working on the government is seeking to cut the number of people commuting to work by 70%. this is sort of an emergency lite. there are questions over
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how far it will be effective in controlling the virus while the government is also seeking to avoid the economic pain we saw last spring. be enough,l it though, to get the outbreak at least under control? isabel: that is a matter of dispute at the moment. not only the public, the public argued in opinion polls, they say more stringent measures against the pandemic, but also the governments own experts seem to say this won't be enough to bring it under control in a month. a top government advisor on the virus said a month would be long enough with just these measures and it might have to be -- would not be long enough with just these measures and it might have to be extended until april. another expert said more drastic steps would be needed.
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the government is very anxious to avoid the kind of economic situation we saw last year when the country saw the worst economic downturn on record. yousef: we will keep an eye on that. thank you for the update. that is isabel reynolds in tokyo. let's head to developments in the senate and the house, where a roll call of states has resumed in the joint session. the u.s. presidential certification has picked up ,gain after hours of violence basically without objections. it is expected to go on for a few hours. we have had an update from the mpd chief who said there have been 52 arrests by d.c. police. three people have died of medical complications in the violence that erupted in shocking scenes from washington, d.c. overnight. you can see the vice president mike pence, leading some of the
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discussions on the individual states and we will keep crossing to these updates when they happen. u.s. equity futures are clearly higher as we speak. let's get to another story, one of china's leading coronavirus experts has defended the country's delay in raising the alarm in the early days of the outbreak and admitted there were the shortcomings in the way beijing has operated with the world health organization. the doctor is a senior official at the national health commission of china and oversaw beijing's virus response until september. he spoke exclusively to bloomberg and began by questioning whether the virus may have originated outside of china. >> i think this suggestion is normal and reasonable. it won't hamper our effort in tracing the virus origins. second, it provides a new idea and path for scientists to trace
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virus, but eventually, scientists will answer the question of where the virus came from. >> the food market was in focus at the beginning of this outbreak as potentially the source for the outbreak in wuhan. this was the market where they sold wild animals. what is your view of the role the market played in the outbreak we saw in wuhan? >> we are not able to conclude that the virus originated in this seafood market. we can only tell that the first reported case is likely related to it. assuming that the patient was exposed to the virus at the market, we need to have further research to figure out where the virus came from, whether it is from animal or from cold goods or from a human.
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i need to point out that the seafood market is probably not the beginning of the chain. >> looking back, are there things that could have been done better in terms of the cooperation between china, chinese experts and the who, more effective cooperation? >> we indeed have a few shortcomings. very few of our public health experts and clinical physicians can introduce our practice and communicate information in a way that can be understood by their global peers. and few of them are familiar with international guidelines. we do need to strengthen these types of capabilities of our talents.
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>> you said you went on the ground in wuhan on december 31 and were acting like this was a transmissible disease. the world health organization puts on a statement on january 5 saying there is no evidence on human transmission and that is based on chinese data. what happened? >> what we provided, the world health organization in early january, is that the evidence shows that the possibility of human to human transmission can't be ruled out. that is to say, we didn't find clear evidence of human to human transmission. that was the expression, but we didn't say it is not transmissible through humans. among the 700 in close contact in early january, many with exposure to the seafood market, none felt sick in the 14 day quarantine. neither did the 400 medical staff in contact with covid patients.
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so there wasn't sufficient evidence at the time to determine human to human transmission. next, it is size and scope. today's number, $616 billion. find out why, next. this is bloomberg. ♪
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yousef: it is time for size and scope. we break down one superlative and today's number is $616
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billion. here is simone fox to break it down. $615 billion is the size of the cash pile that euro-area consumers are sitting on right now based on not being able to spend on things like restaurants and shopping. this according to alliance. their chief economist said if just a quarter of this cash pile gets spent in the coming year in 2021, that will actually boost gdp for the euro area by an entire percentage point. right now, our estimates according to a survey of economists are that gdp for the area will grow at 4.6% after year.g 7.5% last economists are looking to france, because when you look at the savings rate in france, it
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really spiked at the highest levels on record for many years in the second quarter, then fell dramatically, the savings rate fell from 26% to 17% in the third quarter as things reopened. that really drove a ton of economic growth. the savings rate is expected to increase again as we see these new lockdowns. it is all about judging how fast consumers will get out there and provided that hopefully we see more vaccine. yousef: what is the threat to this forecast? isone: the real one inequality. i think that is what in -- economists are talking about most. even in france, the council of economic advisers said half of these savings have been done by the top 10% of households.
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they really account for most of it. from the a survey united states, obviously americans are different from 36% of folks with less than $50,000, only 36% said they would save the money they got from their stimulus check. that is not a huge difference from folks who are making a ton more money who still got stimulus checks. the risk is that we could see a permanent change in the amount people are putting in emergency funds and saving. this is key to how forecasts play out in the coming months. yousef: thank you. that is simone fox. looking at live pictures coming through from washington, d.c., the u.s. presidential certification roll call is fully back underway after protesters were able to storm some of the key areas of the capitol hill.
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but now, we are hearing from some of the individual senators and members of the house. senators have withdrawn the objection on georgia which was expected to be a point of contention. there was a bit of applause after that. we have also passed delaware and arizona. another point of potential tension could come around pennsylvania later on, but again, you can see the vice president as he takes charge of this particular session, and he is checking on whether there are any objections to the certifications of electoral votes on individual states. in terms of the ramifications for markets, this is something that may surprise some of you, at the moment market is taking the events from overnight in stride. byher on u.s. equity futures 0.6 percent, seeing havens more broadly not in demand, pretty much flat on the day, and that tells a story of a belief that the u.s. political scene will be
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able to move from this, perhaps in a stronger fashion where the focus can be on fighting the coronavirus and how and when to roll out more stimulus and it is needed. more ahead. this is bloomberg. ♪
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>> the following is a paid presentation brought to you by rare collectibles tv. 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 the united states numismatics history. designed by united states mint assistant engraver, george t. morgan, this silver dollar series was minted from 1878 to 1904, and then again for one year in 1921. the morgan dollar is n

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