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tv   Bloomberg Surveillance  Bloomberg  January 7, 2021 7:00am-8:00am EST

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>> we are gathered at the time when democracy is in crisis. >> a number of colleagues have organized an effort to undermine that free and fair election. this were overturned by mere allegations from the losing side, our democracy would enter a death spiral. >> to those who we have a can are capital today, you did not win. >> little could we have imagined the assault made on our democracy today. >> today as a reminder, i painful one, democracy is fragile. announcer: this is "bloomberg surveillance" everyone.morning, we welcome all of you across this nation and around the world. the extraordinary events in washington. we will provide news throughout the entire day at bloomberg as
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we see the president perhaps coming back to twitter. we are looking for that. we have not seen it. all the comments from an exhausted washington. kevin cirilli will join. important i found so in the montage on radio and tv bigwigs, bute there were a lot of comments from junior members of the house and senate yesterday. is tremendous.on the splintering of the republican party away from the president as he creates a fis sure. it is not an accident, the day joe biden was confirmed by the electoral college, the day the georgia election turned for the democrats, was a day marked by violence. we have a clarity moment with democracy going forward. tom: lots on this, kevin in a
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moment. data check, very quickly, to touch on market with flames coming up after that adt report yesterday. futures up 12, green on the screen. vix, 23.61. one market question before we dive in to washington. lisa, are you surprised inflation expectations skyrocket? lisa: not at all. markets look past the mayhem in washington, to the expectation of more fiscal stimulus. the democrats have a majority vote in both houses. joe biden has a mandate. that is the focus of the market. lisa, we have to look at the gloom front. bitcoin, $2000. let's check that. 38,000 level. goal does not move as much. currencies crypto
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has exceeded $1 trillion for the first time. one of the big surprises was the resilience of the dollar. it is strengthening. it is renewed confidence in the growth outlook. is it more certainty around the election? this is interesting at a time of risk on. tom: lots of voices through the morning and last night and we will continue. right now, we need a briefing from kevin cirilli, chief washington correspondent. let me begin with the white house. matthew resigned last night. the headline at midnight. he was in the national security wing of president trump's administration. of further reporting resignations at the white house? kevin: likely. you hit it spot on in terms of what washington wakes up to after a long night for d.c.
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following the certification of president-elect joe biden. not justof the mood, at the senior level but junior level as well, there is a lot of soul-searching, reckoning going on in washington dc about where people move forward from here. night andned you last one of the things we did not get to was a partition in your pennsylvania. senator toomey providing leadership on the floor, yet harrisburg blows up. explain the divide in pennsylvania and what it means for the future of the president of the u.s. kevin: there were members of the house who voted in objection to certify pennsylvania. senator toomey was one of the first republicans, not running for reelection, one of the first -- congratulate joe biden
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one of the first to congratulate joe biden. it was the last and of conservatives. lisa: there is a question of how much the republican party of trump. that has been the narrative a long time. how much does this change the narrative? -- i: it is the party think, based on the conversations i had in the past 24 hours, it is the party of, what do the parties stand for? that is where both parties are. i am hesitant to say it is the party of trump or the party of any other republican. i think there is a real understanding right now, when you had republicans last night who were planning to file objections, case in point, senator kelly loeffler, who lost in georgia, reversing her
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decision to file objection because of insurrection, as lawmakers across the spectrum have dubbed it, that is a real awakening, so to speak, moment, of what happened yesterday. the lasting image of yesterday will be congress returned to do their job. vice president mike pence returned to the capital after being taken to a secure facility to gavel in and let the speaker continue onward, to let leader mcconnell move onward and that the strength of the democratic institution held. that is the resounding image of washington dc i will be frank, maybe i should not, but when i talked to young staffers who have come in the last decade to d.c., on both sides of the aisle, that is there resounding image. they returned to work. lisa: that is what they would like the resounding image to be.
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kevin: it is. there is airness, lot of support among the republican party for what happened yesterday. 68% of republicans did not think the storming of the capitol building was a threat to democracy. there is a question about how much this takes oxygen out of the room on the important mandates of the day. do you think going forward this will just be noise? validate all not ugov poll. utz polla frank l or a bloomberg poll. i don't think 68% think it is good for democracy at all. tom: insurrection is a specific usage in the history of this nation.
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thomas jefferson trying to figure out what to do with aaron burr who wanted to set up a separate nation. the insurrection we now have is a domestic issue. what is the solution for moderates, republicans and democrats, to get the domestic nation on an even keel to limit insurrection? kevin: to show up and do their job. what you are seeing from the incoming administration is they have said they have goals of 100 million vaccines in the first 100 days, more fiscal relief in the first 100 days. senator joe mentioned, democrat, west virginia, susan collins, centrist, bipartisan problem solvers caucus that put forward the last economic deal, if you look at those individuals, they will be the dealmakers in terms of getting policy across the finish line and that is what i
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will be looking at. tom: fascinating. on"ing forward to "sound tonight on bloomberg radio. it will be interesting. 5:00 p.m. tonight, bloomberg radio, nationwide. we are going to dovetail markets. michael mckee, moments ago in the world headquarters, will join us near 8:30 a.m. on jobs. on markets and returns, market drawdown, troy joins from skybridge capital. i take great issue with the way media covers hedge funds. we are always looking for people percent.p a jillion you people are expert at studying the middle ground. how to the average hedge fund do last year? troy: they trailed equity
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markets, somewhere 8-10%, providing good contextual support. if you look at the last four months in particular, equities forward earnings range. most strategies got warmed. corrections in september, october. you have the rally in november, december. that leaves 6% on the time horizon. ityou look forward, clearly, will be difficult to make money in bonds, pretty much the entire year for fixed income. 4%, veryd, barely at difficult to make money. or minus.14%, plus hedge funds should have a fighting chance to put up a high single-digit return. lisa: are hedge funds hedging
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anything or are they leveraging the backstop of markets on fiscal policy? 4, after the into q september selloff, hedge funds balance sheets are roughly the same. the view was you start to see the fed re-expand the balance sheet. people forget it slowed down over the summer. the expectation was for vaccine rollout at some point and a nonproblematic resolution to the election. that was viewed as a better time to take risk. if you knew the worst of the pandemic was over, the economy would recover and you still had the backstop. that being said, october and september, fairly challenging for equity markets. we saw positive returns across the board. average are down 10%,
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hedge fund will be down 3%, not 5%. lisa: political risk on the table after yesterday. is this something that could be tradable? or is it shrugged off as noise? basically a media circus in many ways that ended up with lives being taken but not something with longer-lasting structural implications? troy: that is a consensus. most view it as an outlier. terrible tragedy for the country. covered extremely well. big news yesterday was georgia flipped the senate. price action for the majority of the day, continuing today, stronger dollar -- the democratic sweep is clear. more fiscal stimulus. better outcomes for the consumer, for the economy, stronger dollar, relevant without higher rates. the downside is at some points markets have to grapple with
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potential for higher corporate tax rate and capital gains rates. manchin,a senator collins or murkowski could be on board with. part of the rally yesterday, into expectations of better earnings driven by strong growth, at some point markets have to grapple with higher taxes. we don't think debt will be priority number one, for the biden administration, just like it was not for the obama administration. we have to get our employment with a4 handle before we start on raising taxes. tom: i have a million more questions on investments. troy with skybridge capital on hedge funds. futures up 14, dow futures up 66, lisa, extraordinary comments
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this morning from republicans and democrats. what was your observation as we watched this? lisa: the splintering of the republican party and the question of how much clout president trump has going forward with the reelection bid of senior and junior members of the republican party. in the past, there has been reticence to criticize. lindsey graham coming out and saying this is the end of the road. that was significant. tom: interesting and andrew scheduled to be with us, the former chief of staff to president bush, i'm sure, interesting comments. have economics coming out. underscoredy challenges of december. oxygen, i keep saying this, does this take out of the room in actually getting fiscal support past and all
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those money to jobs being lost? the expectation is it exceeds last week, new jobless filings at a time and structural unemployment is increasing? tom: we will continue. coming up, a republican voice, as we heard from the former president last night, george bush with extensive comments on what his washington looked like last evening. futures up 14. the vix comes in, 23.49. stay with us on radio and television, this is bloomberg. ♪ ritika: after an extraordinary day on capitol hill, president trump is promising an orderly transition. early today, congress certified joe biden in the electoral college. minutes later, one of the president's aides tweeted out a
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statement from him "even though i totally disagree with the outcome of the election and the facts bear me out, nevertheless, there will be an orderly transition on january 20." taking no chances around the capital today, 1100 national guard troops deployed around the building. the capitol police force was overwhelmed by a mob of trump supporters who stormed the building. it was unprecedented and it forced the evacuation of mike pence and members of the house and senate. for the first time, twitter and facebook have suspended the president's accounts. and supported writers at the capital -- rioters at the capital. boris johnson is vowing to slack
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rules on business in the wake of brexit. global news, 24 hours a day, on air and on quicktake from bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> we will not bow to the lawlessness or intimidation. we are back at our post. >> for those who wreak havoc in our capital today, you did not win. violence never wins. freedom wins. bears a greatent deal of the blame. was in good cause to president trump's doing. everyone,morning
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"bloomberg surveillance" lisa abramowicz, john, tom keene. we spoke to the democratic persuasion. now, the grand old party joins. andrew card provided public service to the nation across numerous presidencies including as a young kid out of massachusetts wandering into the white house. we are thrilled he could join. andy, what was your first day like under the purview of president reagan? andrew: tremendous excitement. everyone was chipper. wonderful attitude. very positive experience from day one. people welcome to you. there was a celebration of our great democracy. ronald reagan was a great communicator, not only with the public, with his staff. he made you feel as if you are
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very much a part of it and encouraged you to be candid with him and not to take his word as if it was gospel. yesterday, is it the reaffirmation of a republican reagan-ism or did the reagan era died yesterday in this unrest? andrew: yesterday was a very sad day for our democracy. i was in tears. it troubles me. i am the chairman of the national endowment for democracy, which ronald reagan funded, 35 years ago. it was amazing for me to be part of the effort of creating a climate where democracy would be spread around the world and we were the shining example, the city on the hill. today, we have tarnished, the democracy is tarnished in the world is looking at us, saying this is not right. maybe democracy is not the right way to go. it is the right way to go. i don't care whether you are left or right, up or down, get
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involved and help restore our democracy, our institutions and polish them so the world will recognize us as the right way to go. we don't want kleptocracy's. we want the people to have a say. that was reaffirmed last night. the speeches on the floors after the dust settled and congress got back to doing its constitutional business, remarkable speeches. the people spoke. we have a new president. he will take the oath of office. we know that as a fact. it is not a fraud. it is a fact. lisa: who's the leader of the republican party today? andrew: donald trump stole the republican party. he used and abused it. i don't know who the leader is today. leaders, the former speaking up to say, do some soul-searching and look at what is happening and see where you want to go.
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it started with the speeches in the senate last night. acknowledged the angst of america, at the same time saying what happened yesterday was not good for democracy. we can do much better than that. the party is going to be struggling now. we have to struggle. i look at understanding governors like charlie baker, chris sununu. they are steady. they have done a good job in the pandemic. charlie baker is doing a remarkable job of leading in a democratic state. i am a proud republican. i was not a trump republican. lisa: with the soul-searching you are talking about, what will people find? what is the current soul of the republican party? andrew: we hope it is respect for institutions, democracy. when i got involved in politics,
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rug then fringe. today it is opposite. you have to fight to be part of the solution. that is what we have to look for. our leaders are looking to be part of a solution, not a problem. i think we can find it. tom: the images across centuries, photographs of queen mary, the young queen elizabeth, sixth's funeral. you are part of one of the most famous photos in history. if you were to whisper in the ear of president trump this morning, what would you say? andrew: be humble. acknowledge reality. celebrate our constitution and our democracy and celebrate how many votes you got, even though you did not win.
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you got the second most number of votes of anyone who ever ran for president. unfortunately, for you, joe got more votes. our democracy showed up in unbelievable numbers on election day in 2020. we should be celebrating. a record number showed up. donald trump did not win. he lost. he got a remarkable number of votes. joe biden got more. that turned into an electoral college victory. tom: your comment on the gentleman from belmont mass, the speech on the senate floor? andrew: i have always been a fan of mitt romney. personbeen a steady celebrating our democracy, fighting to be part of the solution. i was proud of him yesterday. tom: final question. where is the common ground you have with howard dean of the
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democrats? andrew: i have known governor dean a long time, when he first became governor of vermont. i have a lot of respect for him. we have reason to disagree on policy. we celebrate the country we live in. i like howard dean and get along with him. him theer talking to day he became the governor of vermont. i followed with great interest when he was running for president. he was a rocket out of the launchpad. tom: andy, thank you for joining, former chief of staff, president bush, thrilled to have the republican perspective. lisa, your thoughts on pulling that conversation back to the response to the senator from utah. lisa: who is the leader going forward? how will that leader operate with democratic leadership currently trying to push forward fiscal support?
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market perspective past politics -- how much support do we pump into an economy beset by a pandemic? tom: financials moved yesterday. small-cap movement, great shock. thanks higher, banks. lisa: it will spur growth, inflation. i wonder how much longer term inflation and growth we can really get with money that is still plugging a production gap from the pandemic that is really drawing everything to a halt? ,om: a good reading on that about the application of debt and where it is going. data check moving forward, lots of good voices coming up, futures up 14. i have lost perspective. ferro, i know he is watching. the dow, 30,800.
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nasdaq over 12,000. it is a melt up. stay with us. simulcast on bloomberg radio and tv, lisa, tom and john, this is bloomberg. ♪ ♪ you can go your own way
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tom: morning everyone, lisa abramowicz and tom keene, an extraordinary thursday and we welcome all in you -- all of you on bloomberg radio and television to a sunrise on the east coast and in washington, d.c.. we have not heard from president trump yet. am i right that it was 7:00 a.m. when the trade -- twitter embargo came off. lisa: technically it was supposed to be done at 7:00 a.m. as long as certain criteria were fulfilled. we have not heard from him yet, but we will bring anything to you. really interesting to see social media uniformly weighing in and withholding some of this information. it is not just twitter, but facebook and others. tom: we will look at the markets and economics in an hour.
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butclaims and jobs reports, very much focused on the politics of the moment. she is at the corner of washington street and martin luther king street in atlanta, georgia. it could only be the historic statehouse of georgia, elm -- emily wilkins is with us again. let me ask a few questions on georgia as we move to washington as well. i must say, a shock to see both recount. both senate races exceeded the 0.5%, were you surprised? ian: that is -- emily: that is right, there will not be a recount, both democrats have clearly won. i think a lot of people were surprised to see the democrats win. georgia was thought of as a solid republican state. remember, both republicans got more votes in the november general.
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what we saw was a testament to how georgia democrats made sure to turn out and register voters and make this big final push to see the victory. color purples the of georgia due to the white walls of capitol hill. how does your world and washington change with what has been wrought in georgia emily:? this is huge. the senate is in a very slim democratic control, the houses and democratic control, and under a biden administration, it means the administration will have a better time getting their agenda through congress. easiest,ot be the remember a 50-50 split in the senate, meaning that all democratic senators will need to go along and that is not necessarily something easy to do. you have a number of moderates who are perfectly fine breaking with the party. you'll also are going to see
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progressives like bernie sanders and olivia -- elizabeth warren be vocal, and a lot of focus on more moderate republicans such as susan collins. lisa: as your question of the leadership of the republican party as a number expressed displeasure of president trump, even kelly loeffler reversing her plan to object to biden's electoral college win, how much does that change the calculus pushing through different biden legislation? emily: i think we are going to have to see going forward exactly how the republican party deals with the fallout from the events yesterday, and one trump's continued -- watch trump's continued role will be. he has made it clear he does not want to go anywhere on his influence on politics and even after everything we saw we saw seven senators go ahead and support overturning two states' electoral college votes. lisa: how big is the center, are
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they in the leadership seat? emily: we are in hyper-partisan times, there are moderates but there is a presence on both the edges very very progressive democrats and very were conservative trump supporting republicans, and it will be up to chuck schumer and rich mcconnell to have things work together. they keep their parties in line. we do not know yet what schumer and mcconnell will do. technically, schumer will be majority leader because democrats have a slight control thanks to kamala harris. in the past we have seen republican and democrats try to work together in situations like this. i am not clear that this will happen in our current time. tom: it is off the radar, but merrick garland to be selected as attorney general. we are essentially attorney -less right now.
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how will the capitol hill receive him? emily: remember when merrick garland was voted by congress, by the senate to be a federal judge they never did the vote for him to become a supreme court judge after he was nominated by obama, and that is the reason that they tapped him is because he was popular among both democrats and republicans for a federal judgeship. he has someone that a lot of republicans have voted for in the past and supported, so i think the biden administration know which margins they are working with, this is a strategic decision. lisa: thank you, i hope you manage to get inside because i know you have been sitting outside for two days. we want to change our focus to the market response to not only the wrist -- the unrest, but the expectation of a democrat led senate leading some calls for festivals -- vessels -- fiscal support and stimulus. this has led 10-year yeilds to
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remain above 1%. and istracking it all head of u.s. rates strategy. how much of this real and has lasting power, the idea that yields could go higher and how much of this is a fake of more hope than the actual implications of more fiscal support? context, 10-year yeilds above 1% is a pandemic high, and one that we will see whether or not is ultimately sustainable over the next two or three trading sessions. push above is often a buying opportunity for people who have been on the sidelines waiting to add exposure, and the fact that that has yet to occur is a bit encouraging for a higher rate environment. however, there still are a number of reasonable hurdles between what we have in terms of optimism related to another round of fiscal stimulus and
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actually being executed. i think the bigger risk is how long can this positive momentum remain in place, and what about the realities of the pandemic and what is going on in the jobs market? hyper-detailed research notes that everyone reads worldwide about the dynamics across all of the faith and credit fixed income. you call this a pivotal period and moment. when you walk in in the morning and you login to bloomberg, what is a thing you actually look for in fixed income to find that pivot? i amat this point, what really focused on is how much volume has gone through the system at what levels has that trading occurred, and has there been any response in other financial markets? on thethe things that is
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radar is can the equity valuations currently sustain higher rates. if they cannot, that is when the fed will find itself involved again because financial conditions will tighten and then we will have an extension or additional augmentation to qe. tom: let us talk bill note and bond price and the ambiguity you just discussed. what is the deny ma'am -- what does the dynamic say of the 10 year or even inside? is there a bid for a price falling away, or the ask gives away to a lower price point, higher yield? at this point, there is a repricing occurring, no one wants to step in front of that, so that incremental bid is not there. we are seeing a slight push higher in rates, and, historically over the course of the last several months, we tend
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to look to the overnight session for some traditional money accounts to be defined, and right now we have not seen that emerge. we have seen stabilization, which is good. people have not seen willing to catch a proverbial falling knife. lisa: perhaps you were talking about the jobs numbers providing some catalyst and it raises this question of the reality of now versus the hope for the future, which has been pervasive. what is your view of what we have to see in the unemployment figures to affect bonds and create a buy the dip moment. ian: given wednesday's adp number, i think there is a risk that we see a negative in the headline print. i think that would contribute to proverbialto buy the dip. but we have not traded a lot of the headline numbers for a while. the market has been pretty
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content to ignore some of the fundamentals, again, looking forward to a period in which the vaccine has run its course and we are in a post-pandemic reality. i think that beyond the headline numbers, i will be looking at participation rate, particularly earning and spending group, that 25 to 35-year-old cohort. i think that will be an important tell her where we are. tom: thank you so much. we predict the copyright of all of our guests. lisa, we are talking bonds and all of that. on radio and tv, the dow up 8% one year trailing. year trailing and the nasdaq 100, i am still waiting for an empty point up. say, i want to pick
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up on one thing. we are seeing the equity rally and we are talking about the jobless rate, that is an important point, and when you talk about unemployment rate, it has risen to the highest and never recovered from the previous crisis. this has a huge psychological effect. this is a scarring that people talk about it -- about. tom: see how she just gets out front of the story and is always vamping forward, critically, that survey in nonfarm payrolls often adp reports that it retrenched yesterday. we are out at -- at a 75 level positive, and now we are at an even worse positive 50 on the change. just that moving the survey around off of the wednesday report. we will have full coverage beneath the headline data tomorrow. ,e have ignored the pandemic
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the hospitals cannot. the essential workers cannot. we get in update from the empire state with the lieutenant governor. here on bloomberg radio and television, good morning, futures up 19. this is bloomberg. ♪ ritika: with the first word news, congress has made it official, joe biden will be the first -- the next president hours after a mob of trump supporters storm the capital. lawmakers certified his victory in the electoral college vote. toutes after that, an aide the president posted a message from him. the president said "even though i totally disagree with the outcome of the election and the facts bear me out, nevertheless there will be an orderly transition." the u.s. capitol were caught unprepared i the mob. rioters breached the barricade set up by the undermanned police
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force and swarms the capital leading to the evacuation of vice president mike pence and members of the house and senate. it is seen as a failure to protect the seat of american democracy unparalleled in modern times. police shot and killed one woman inside the capital. calm was restored after the national guard was called out. health officials are acknowledging that the immunization rollout has been slower than expected and are encouraging states to start vaccinating people more widely to avoid rate -- wasting shots. onx azar blames the start the introduction of the vaccine around the holiday and tweeted that she also blamed overly detailed state plans. elon musk is closing in on the -- on a new title. the richest person in the world. of jeffthin $3 billion bezos who has the tops to pot -- top spot.
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moreortune has risen by than 150 billion to the -- in the last year. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. ♪
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>> one choice is to vote against the objection, and tens of millions of americans will see
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us vote against the objection in a statement that voter fraud does not matter and is not real and should not be taken serious. >> they have no evidence on which to base their objections, that is because there is none. there is none. tom: the divides between the good senator from texas and the gentleman from new york state. cruz and schumer going at it. i am sure many of you on radio and tv observed so much of this moment. and extraordinary, the back off-camera some real emotions. someone used to the emotion is from buffalo new york, the lieutenant governor of new york, and she joins us from a locked down new york city. -- we have pushed not placed the pandemic since about 3:00 yesterday afternoon. how locked down is new york
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city? >> basically the restaurants are not open. last night,r dining a hamburger on the street next to a heater. it is not ideal, it is in recognition that we are doing everything we can to keep the infection rate down. states withunded by high infection rates. i think it is a sense of locked down because people are still working here and it is still a live city. i think lockdown overstates what we are. tom: lieutenant governor we cannot ignore washington. matthew resigning from the tribe white house and woman's ago cnbc mentioned that mr. mulvaney will resign from a trumpet minister -- and -- administration. you are in the executive branch. how do you move forward? on.y: you just hold you have people around you to put the interest of this country first and do everything they can
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to personally contain donald trump until sanity rains again again andt -- reigns joe biden takes his oath of office. we have to get to that date, but if we can get the people around him to understand the severity of what he has done, inciting people to buy it and leading an insurrection. they have to understand that there are consequences and there is an constitution to be adhered to. this would never happen in the state of new york because we would never elect someone who is as destructive as someone like donald trump, but that is what happened. he lost the election, he did not win, and in a few short weeks we will have democrats who have put the constitution first, apparently, over what republicans are doing running the senate, house, and white house. that willve an era allow us to sweep clean donald trump and what he has done to
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our nation. lisa: how much will a student -- senator schumer led senate help the new york state budget and prospects going forward? kathy: unbelievably. it will be great. you and i had this conversation on my 20th visit on your show and we talked about what would it will take for new york to be able to come back. hole, and$15 billion we need that from the federal government, and senator schumer goes to all 62 counties like i do and knows what the state needs and he will be in a position of power, not just wishing that we could get this done, it will be delivered with president joe biden understanding, you cannot starve state and local governments when you are trying to get a vaccine in the arms of 330 million people not once, but twice. we need resources to offset our losses, our financial hit in order to fund programs like the vaccine rollout, which will save
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this country. get that into arms sooner, the sooner we come back and the sooner we can supercharge our economy. it will be very good having him in that position. lisa: where are we in terms of the vaccination schedule. when will you and i be able to get inoculated? kathy: i'm going to assume that you are under the age of 75. tom: did you notice that? lisa: i would disabuse you of your notion. carry on. kathy: you will be in the same category as i am. being a very good politician here am i? tom: you are killing it. lisa: carry-on, please. kathy: we have the frontline health care workers still being vaccinated in our hospitals. we have tripled the number of vaccines that have gone out in the last week. it is all a function of supply. we get more vaccines from the federal government right now.
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tom: i'm going to cut you off, this is so important. peter o.a.t. has a baylor college of medicine says we need to open up yet he stadium -- yankee stadium in the alley way to do that is money. you, republicans, and democrats in every state do not have it. what do you need from the federal government to do a yankee stadium vaccination program? kathy: we are going to open up the javits center. i think we will do the javits center. we have planned for this. we have 3600 of 72 locations identified. we just have to get to our first category of health care workers done in a priority order, they go first. and it comes time for mass vaccinations there is no limit to the locations we will do this. it will be massive locations. tom: what kind of funds do you need from the biden administration? kathy: $15 billion. tom: $15 billion to get this
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done? kathy: but also offset the loss in revenue to fund the workers. we do not want to have cutbacks for law enforcement and health care workers which is what we are facing. we have a plan. incrediblyas been an important conversation. bills closedtters, for the first time since 1995. can your bills keep it going? can,: of course they momentum is with us, and we will actually have fans in the stands. which seems impossible this year. themazing season, lifting spirits of people not only in buffalo but all over the state. america will be rooting for the buffalo bills this weekend as we have our first playoff game at home and 25 years. i am really energized, it will be a great game. tom: no doubt in the seventh war -- seventh row on the yard line. thank you so much, we greatly
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appreciate that. just, absolutely extraordinary the news flow. i think i recall that it used to not be like this, maybe it is getting old. lisa: it has been astronomical, i am so glad we know about her buffalo bills allegiance. i do not know when i will get inoculated, i want to get on with my life. , mrs. keeneadmit called a doctor and said "he has a fossil when does he get vaccinated?" my physician said they need guidance desperately. lisa: but to the point, this is not a coherent rollout if you have people calling the doctor and saying what is the plan? and in hearing, we do not know, maybe call cvs. tom: when there is a crisis in washington, the coffee gets better in bloomberg, i do not know the correlation. lisa: what time did you wake up? tom: i am not sure i went to
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sleep. we will continue forward, a wonderful set of conversations. drew mattis will join us, michael mckee at 8:30 with the claims report. futures up 21. ♪
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♪ >> we are gathered at a time when democracy is in crisis. >> they object to that free and fair election. >> if this election were overturned by mere allegations from the losing side, our democracy would -- >> for those who entered our capital today, you did not win. >> never could we imagine the assault made on our democracy today. is aday

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