says auditors and advisors approved asset clarification -- classification. this comes after reports that germany's financial regulator is close to freezing payments at greenfield bank. this is an armed -- pharma greenfield capital -- greensill capital. this is so they get as much money back as possible. president biden has agreed to moderate democrats' demands on the relief bill. people making $80,000 a year will not qualify for the stimulus payment. the ceiling was $100,000 before. the limit for couples will be dropped from $200,000 to $160,000 a year. western iraq, united states says 10 rockets hit in your base that hosts coalition troops. a similar attack on an iraqi base last month wounded five

americans and killed a filipino contractor. that led the u.s. airstrikes on iranian-backed fighters in syria. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york. i am matt miller and welcome to bloomberg markets. here are the top stories from the bloomberg terminal. u.s. treasuries selling off again, sending 10 and 30-year yield to the highest levels. we have an inclusive interview with jim keenan, cohead of

credit at blackrock. what will the post-covid hotel recovery look like? we will talk to gilda perez-alvarado, jones lang lasalle global ceo. spacs are all the rage. we will talk to brenda rainey it was interesting takes on the asset class. let's look at markets right now. the s&p 500 is coming down about half a percent with bond yields rising. the prices coming down but the arrow is up. the yield currently on the u.s. 10-year. we've had a really inverse relationship, historically inverse relationship between yields and stocks in the recent trading sessions. new york crude up 3.7%, gaining

2.21. big moves. that continues to support inflation concerns. not the core number but on the headline level. bitcoin rising today, up 8.5%, for $4000 to $51,413. we will keep an eye on it for you. let's get back to yields. long maturity yields higher. inflation at vacations rising to the highest level in a decade. jp morgan holding its 2021 high-yield leverage finance conference. jim keenan is there. he joins us now alongside ed hammond. jim, what you think is behind this rise in yields. there has been talk about problems with liquidity. do you see that? jim: i don't see problems with liquidity.

i see the market starting to be more convicted -- conflicted about near-term growth. if you think about how we came into this year with rates sub 1%, there was concern about the vaccine, the mutations of the virus, the speed at which the vaccine will roll out. high levels of the hospitalization rates and death rates associated to the coronavirus. in the last three to four weeks you have seen the vaccine start to pick up pace with regards to his rollout. 15% of americans have seen one shot. that continues to accelerate into this year. do you see numbers come down fairly dramatically. you see more around the stimulus coming in under the new administration. you look at that. the market is starting to adjust. growth is going to pick up.

you will see a tremendous year with regards to gdp growth. there is more upside potential today than people thought a month ago. ed: i want to jump in before we get too far along. your point about where we were last year and how dark those days were is an interesting one. now everything is so tight. finance yield, high yield. everything is trading at or near record heights. is this justified? in terms of how quickly we have gone from that very bleak period to where we are today? jim: spreads are very supportive. the problem is there is limited upside. bank loans, high-yield bonds, they have priced in a lot of the recovery. what you will get is the interest rate. high-yield and loans will equate to about a 4% to 5% return over the next several -- the next 12 months.

from an absolute return standpoint it is different than the last nine months. when you think about the backdrop -- yes, it is a significant shift. we have seen significant change of events with the onset of the virus. the vaccines are big. matt: i hate to cut you off but we have breaking news. new york city governor andrew -- state governor andrew cuomo is speaking. >> overall positivity rate at 3.5%. 75 statewide deaths after all this time we still have new yorkers dying. 75 families are in our thoughts and prayers. hospitalizations are down 46. integrations down 12. this -- intibations down 12.

this is great news. we have the holiday season. we talked about it. the thanksgiving holiday season, 37 days, kwanzaa, hanukkah, christmas. more social gatherings. the numbers would go up. the number to go up. january 4, it peaks. holiday season is over. new year's day, new year's eve. it peaks and it has continually dropped. but it has dropped to a level below where it was before it started to peak. ok? christmas, a little after thanksgiving, but before we saw any big increase we were at about 6600. went up to 8000. now we are down to 5400. we have really made tremendous progress. this is really good news.

it is not over. we have to continue but this is very good news. percent of hospitalized is down across the state. that is all good news. new york city is the highest that .04%. covid positivity. plus or minus relates to the hospitalization. long island, new york, mid hudson. what people should get from these slides for these

-- ask yourself why there is such a variance within one state. why is there such a variance in demographic areas that are basically very similar? why is central new york, mid hudson -- wise mid hudson four times higher than central new york? these areas, same basic demographics, it's about behavior. it is about behavior. it is about what we do. take western new york. 1.9%. western new york for weeks with a trouble area. now it is 1.9% because the community changed. the community adapted. the community heard. this is a function of personal behavior. that is why you are seeing these variants across the state. you look at new york city. the bronx is down where it was but 5%. it is double manhattan. staten island, which was an aberration, is no more in line. staten island, bronx, queens are

all about the same. it is about behavior. the vaccines, we have big news. just under 5 million vaccines done overall. really good news. we had a white house -- matt: there is governor andrew cuomo live out of albany saying the difference between the problems that new york city has in the problems western new york have are surely down to personal behavior. there is also a population density difference. let's bring in shelly banjo to give us her take, bloomberg's new york city bureau chief. it does seem like he is putting a lot of the onus here on the problems people in the city varies -- face on it on personal behavior. do we have shelly banjo?

in any case, i do not hear shelly. the reason we broke into the speech was because the governor said he is also going to make an announcement. p tweeted he would talk about covid and make an announcement. with all of the sexual harassment allegations and calls for his resignation, we thought it might be surrounding that. i would expect him to open with that kind of announcement. shelly banjo, i think we have her now. new york bureau chief. what you think the announcement is? shelly: he tends to bury his news at the end of his briefings. he will talk for 30 minutes, and our and then you are kind of

starting to zone out. that is on the news will come. i think we will keep listening to what happens. all of his referrers say he is making an announcement. he will likely address the sexual harassment allegations at some point. if he does open it up to press questions, absolutely that will be the first question people ask him. matt: what about the differentiation he made between western new york, central new york and new york city and long island? he said these places have the same demographics. why would there be any difference in infection rates? he surely is aware people are much closer together in new york city than they are in central new york and the western part of the state. shelly: cuomo has done this throughout the pandemic. taking and choosing -- picking

and choosing. it is also not lost upon me that the mayor of new york city bill de blasio spent the better part of three days criticizing andrew cuomo and his sexual harassment allegations. i don't have any evidence backing that up that those are linked. it certainly is worth noting. new york city's vaccine rates are steady and going down but they are not going down as fast as the rest of the country or the rest of the state. i think it is a fair claim to make the ask the question, what is going on here? why aren't new york city's rates going down as fast as the rest of the state? matt: thank you very much, shelly banjo, r new york -- our new york bureau chief. we will give you any updates from governor cuomo if he makes an announcement besides the

covid briefing. i want to get back to jim keenan and ed hammond. jim, sorry to break in on you. we value your time and i'm glad you could stick around. let's talk about the debate under what is driving rates higher. you mentioned you think it is growth. the fed said that much as well. is it not inflation expectations that are driving rates higher? jim: it's a combination. we talked about this. since the september to november timeframe, the market's conviction on a reopening. there will be volatility regionally over the next six months. as you open up the economy you have supply-side disruption, both from the virus and as well as the trade wars.

when you reopen the economy, the pull-through of that demand, the bulk of the stimulus, consumer savings, you need to rebuild inventory. that will pull-through some short-term inflation. you will ultimately have to rebuild more capex. i would call it dynamic with her that demand sits. that will be inflationary but it's inflation coming alongside growth. the backdrop for earnings in the next couple of years is incredibly strong. that is what is supporting multiples inequities in the spreads at these levels -- in equities in the spreads at these levels. ed: i want to pivot to direct lending. was so much on these corporate balance sheets from the shadow banks or the lenders, is there a greater need for transparency? should they regulate it more

closely to traditional banks? jim: the market is evolving. pig is a ton of innovation broadly speaking -- there is a ton of innovation broadly speaking in the market. more of the credit market -- borrowers are seeking solutions to their balance sheets. it is similar to the public equity markets. the private credit markets, it's important to have structures that have the right liquidity features, meaning there as an asset liability matching associated to the fund structures and the yield, that market will continue to grow. it is similar to private equity. private credit is a growing form of solutions for our clients which are looking for income in the world to really get a differentiated, diverse set of assets into their portfolios. there is lots of reasons that will continue to grow. the evolution of equities and

credit will only grow as options. the volume will grow because we see more m&a activity and more growth. it is a good solution for investors seeking income. ed: that's my point. if it continues to grow without -- because of m&a and growth needs, shouldn't it have the same level of transparency you have a traditional bank loans? if it doesn't, you create more risk where people don't know what's where. jim: we love oversight. there should be oversight with regards to how credit is flowing through the system. there is a difference with regards to transparency for the regulators about how this credit is from the banks. these private vehicles, these public vehicles owning these assets should have the right and we welcome them. they should have liability

matching to avoid the risk you are referring to. from a portfolio standpoint these are private instruments, in which case specifically the transparency to the underlying performance in the earnings of these companies will stay private. is between the buyer and lender associated debt. matt: really appreciate your time. i was sorry to break in 90 with the news conference. -- break in on you with the news conference. we hope to get you back on the program. jim keenan of black rock, thank you very much. ed hammond, senior deals reporter. we will check in on the hotel industry as it struggles to recover. we will speak to gilda perez-alvarado, now the global hotels ceo at jll. it will be fascinating to get her take on what it looks like

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matt: we want to check on the hotel industry with lodging struggling during the pandemic. hotel operators forced to redefine the travel experience and are eager to move forward as the economy starts to get somewhat back to normal. joining us is someone with an incredible vantage point, jll global hotels ceo gilda perez-alvarado. great to get your take on this because you have such a massive portfolio that you work with. how does it look right now? we are getting back to growth at least? gilda: we are definitely starting to talk about it.

we are still in a bit of a difficult situation across the various regions with several hotels shut down. the sentiment since the beginning of the year is definitely ticked up. now we have more momentum behind the vaccination and the numbers published recently on the amount of savings amassed during the pandemic, things are looking pretty rosy. matt: where do you see the strongest recovery? which areas are still lacking? gilda: the strongest recovery, the consensus is concentrated on the tray to markets -- trade-to markets. vocally we have full vaccination by the end of may, this bodes well for the summer in the fall season. before that we are starting to see -- we have seen pockets of growth already from the leisure

market. anything around the sunbelt. we saw this last year. in our conversations with several owners and hoteliers, their booking pace is picking up. we are still watchful as to what is happening on the corporate demand side and -- matt: in terms of corporate demand we saw an interesting deal today, in terms of maybe the convention demand. apollo is getting back into vegas with the venetian and another one of the sans properties -- sands properties, almost a seven billion dollar deal. gilda: our industry is so fragmented. all the conversations we are having with the ceos across the

various investor groups, they do anticipate more consolidation to take place. the other point to note is that is so much cash on the sidelines wanting to get into hospitality, wanting to get into lodging with the expectation that hotels will be the commercial real estate class that will recover the quickest. bigger deals will definitely garner more interest. everybody is so well-capitalized. in 2020, we saw at record levels of funds being raised worldwide targeting hotels. i'm not surprised on this action. i'm excited to see what apollo will do the asset. there is a lot of questions around what will happen to convention meetings. you do need scale to be successful post pandemic. the investment in technology will be critical in being able

to host mixed reality meetings. very excited for this and i think it's an excellent move for apollo. matt: what you think of the supply-side? if you have the cash you want to jump on an asset. if you are an owner, you might not want to let go at distressed levels. gilda: you are so right. we have complete imbalance. not enough product in the market and tons of cash in the market. we are hoping is more liquidity continues to enter the market maybe owners will not be as reluctant to put their assets out for sale. our investment activity is definitely picking up. we are having more conversations on the private side. a lot of owners are starting to get encouraged by the fact that maybe their assets are not

trading given the weight of capital to get into the sector. matt: thank you very much for your time. we will get this backs in the next -- to spacs in the next interview. gilda perez-alvarado, global ceo of the hotel business of jones lang lasalle. coming up, parts and crafts retailer michael's is going private. another apollo deal we will get into for you. a lot of m&a today. this is bloomberg. ♪

mark: i am mark crumpton. greensill says it is being

transparent and auditors and advisors approved asset classification. this comes after reports that germany's financial regulator is close to freezing payments at their bank. this is an arm of green silk capital -- greensill capital. it is so depositors and creditors get as much money back as possible. federal health officials are urging texas and mississippi residents to keep wearing masks despite the fact that governors are lifting covid-19 restrictions. the centers for disease control and prevention says it is premature to abandoned mitigation efforts and that the virus can still erupt again. here in new york, governor cuomo is speaking to reporters. the governor, and battled in his tenure in the wake of allegations of sexual impropriety. here is governor cuomo. gov. cuomo: i never knew at the

time i was making anyone feel uncomfortable. and i certainly never, ever meant to offend anyone, or hurt anyone. or cause anyone any pain. that is the last thing i would ever want to do. i ask the people of this state to wait for the facts from the attorney general's report before forming an opinion. get the facts please before forming an opinion. the attorney general is doing that review. i will fully cooperate with it. then you will have the facts. and make a decision when you know the facts.

i also want you to know that i have learned from what has been an incredibly difficult situation for me and other people, and i have learned an important lesson. i am sorry. i am sorry for whatever pain i caused anyone. i never intended it. and i will be the better for this experience. thank you. questions? >> if you would like to ask a question, use the right-hand hand function at the bottom of your window. we will take a brief moment to compile the q&a roster. governor, your first question comes from marcia kramer. your line is now open.

please unmute your microphone. >> can you hear me? >> the dean of the delegation. i wonder if given the distractions of these investigations, especially involving sexual harassment, do you feel you might want to step aside or you should step aside, especially in negotiating the budget which could be one of the most important budget the state has ever had? the second question -- the reason i'm asking the question is emceeing circulated pictures of you touching faces of people all over the state. i wonder what you make of this pictures. gov. cuomo: thank you very much, marcia.

first, you are right about the state budget. it is critically important. the state budget is going to turn the page to the rebuilding phase. we have been working hard to get funding from washington to fill the gap. that has been going well. we have to see what we actually get. we have tremendous financial needs on top of that. people have to pay their rent, if they need food, etc. you also have new york city, which is in a very precarious situation. it is teetering. crime is way up. homelessness is way up. many people have left new york city. the hamptons, mid-hudson valley, other states. we have to get new york city functional again. and safe again.

and viable again. we have to do that quickly. we have a new mayor that will be selected basically in june, i guess. something could happen in november but basically in june. that work has to start right away. yes, the budget is very important. having said that, i will cooperate with the attorney general's investigation. and do the budget. we did a budget last year in the spring, in the heat of covid where it was the most intense period of my life of this government's life, of this state's life. we did both been we will do both here. on the pictures, marcia, i understand the opinion and

feelings of ms. ruer. you can find hundreds of pictures of me making the same gesture with hundreds of people. women, men, children, etc. you can go find hundreds of pictures of me kissing people. men, women. it is my usual and customary way of greeting. you know that because you have watched me for, let's just say more years and we cared to remember. by the way, it was my father's way of greeting people. you want people to feel comfortable. you want to reach out to them. i kiss and hug legislators. i was at an event in queens the

other day. hugged the pastors and assembly members that were there. that is my way to do that. however, what i also understand is it doesn't matter. it doesn't matter my intent. what matters is if anybody was offended by it. i could intend no offense but if they were offended by it, it was wrong. if they were offended by it, i apologize. if they were hurt by it, i apologize. if they felt pain from it, i apologize. i apologize. i did not intend it. i did not mean it that way.

but if that is how they felt, that is all that matters. i apologize. next question, operator. >> governor, the next question comes from dave evans from wabc. your line is now open. please unmute your microphone. dave: can you hear me ok? gov. cuomo: yeah, dave. dave: i want to ask you, with all the calls in the last couple of days for your resignation from some democrats, is this your way of saying i'm certainly not resigning? gov. cuomo: yeah. dave, look. some politicians will always play politics, right? that is the nature of the beast. i don't think today is the day for politics. i was not elected by

politicians. i was elected by the people of the state of new york. i will not resign. i work for the people of the state of new york. they elected me and i will serve the people of the state of new york. by the way, we have a full plate. we have covid, recovery, building, the teetering new york city, a terrible financial picture. we have to do vaccines. no. i am going to do the job the people of the state elected me to do. next question, operator. >> your next question comes from andrew smith of wnbc. andrew, your line is now open. please unmute your microphone. andrew: good afternoon. given how you have been today, why did it take a week for you to go before the cameras when people have noted your absence for so many days? my second question is what

assurances can you provide new yorkers that there are not other accusers who worked for you who will large similar complaints to the two that have been alleged? gov. cuomo: two things. i apologized several days ago. i apologized today. i will apologize tomorrow. i will apologize the day after. i went new yorkers to understand because this is more -- the facts will come out in the attorney general's review. i want them to understand the emotion, because it is really, for me, it's as much about the emotion. i never knew at the time i was making anyone feel uncomfortable. i never meant to offend anyone or hurt anyone or cause anyone

pain. i feel terrible that these people felt uncomfortable, felt hurt, felt pain from the interactions. i'm embarrassed by it and i feel bad -- from it. i am not in this business to make people feel uncomfortable. i am here to make them -- to help them. that is the essence of what i do. i do not believe i have ever done anything in my public career that i am ashamed of. i did not know i was making her

uncomfortable at the time. i feel badly that i did. matt: there is new york state governor andrew cuomo apologizing repeatedly, but also saying he did not touch anyone inappropriately, and says he will not resign as the governor of new york. we welcome our bnn bloomberg audience and amanda lange out of toronto. it is a pretty new york-specific story, but it's important to point out it is a $2 trillion economy. this is not just a me too issue, but this is a man who has his finger on the button of a really massive economy. especially an economy that really drives global wall street. amanda: interesting to note he

will not resign. one of the first questions was do you think he should, particularly given there is a conflict-written budget coming down. can he do the job? the answer so far as he is not going anywhere. matt: absolutely. very interesting stuff, although he did seem to be getting the same questions over and over and giving the same answers. let's go to shelly banjo. he said it pretty clearly. i will not resign. he said he did not touch anyone inappropriately and will hand this full investigation over to the new york state attorney general. do you think it satisfied concerns within his own party? shelly: i don't think it satisfied 100%. i think the level of contrition was quite unusual for andrew cuomo. for andrew cuomo to go on tv and say, from an almost deep feeling

of sadness or he tried to convey that that he was sorry for what he had done and takes full responsibility. his previous statements were on along the lines of i'm sorry if you perceived me to make you feel that way. it is a slight change in town. i acknowledge i have done something wrong and i'm sorry about that and i will change my behavior. that is what people were looking for. these are just words. they will not quiet his lattice critics. they will probably not quiet the women who have been coming forward against him. i think it is certainly a step from where we have gone over the last week. amanda: great to have you with us, shelly banjo. a reminder that andrew cuomo's press conference is ongoing. you can see it on live go. matt: amanda, i think it's

interesting we are getting a breaking headlines now from former president donald trump. very interesting timing. he says he is weighing a 2024 white house run, for his allies are telling bloomberg news that. donald trump wang the 2024 white house run without vice president mike pence. here you have something that has been talked about and something he did not confirm when he spoke to cpac last weekend. now it looks like, according to people familiar with the situation, former president trump will consider another run. amanda: it will be interesting to see the reaction from gop leadership, including very senior members in the senate. we have already heard allegiances and offered up if he chose to run. mike pence not on that scheduled to get. we have been watching the move

in the treasury market and talking about the effects this biking yield has had on other asset classes in the volatility. there is a piece of that story that's important about the way treasuries -- the options are unfolding. we want to bring in liz mccormick. we have been wondering if the volatility will continue and it will play in important part in how banks lineup for the options and with the treasury needs to be thinking about. liz, we saw this spike because of this weird no-bit auction -- no-bid auctions. liz: last week we had a really poor auction, which can happen. there is a certain amount of people and dealers that have to show up for these auctions. we did see waning demand. it has been global. we have seen it and a lot of

auctions. just a matter of investors saying maybe i need to be paid more so yields have to be higher. it is showing there might be a limit. for a while we had so much supply coming because of all the pandemic stimulus which is needed. it is getting to take a toll on investors like you are seeing. matt: liz, you are reporting on this industry. it has been top-notch. the story you put out today is still among the most read on the bloomberg terminal. we did speak with jim keenan at blackrock about 40 minutes ago. he does not see liquidity issues but i wonder if investors will start to get concerned, especially big pension funds that need stability going into a $21 trillion market. if you start seeing news like this, and we took this chart from your story today, it has

got to worry people who don't want to have this kind of volatility in investment. liz: right. tracy and steven and i have been around for a while and looking at since after the crisis there was a lot of regulation that came in on banks to kind of shore them up after the global financial crisis. since then there has been a feeling that dealers just can't make markets like they used two. in 2014, we had the flash rally. a wild move lower end back. there were a lot of studies by regulators. it seems like it's happening more often. in march, hopefully once in a 100-year thing, the pandemic breaking in the fed had to backstop the treasury market and bought a lot quickly. they are still buying $80 billion a month. it seems like it is happening more often.

you have heard a groundswell of public officials saying we need to look at this. the market needs to be tweaked. other saying central clearing. matt: thank you so much for joining us. tremendous job reporting these stories. i have been following your work especially in the last two weeks. this has been the focal point of markets. liz mccormick, senior reporter on rates. coming up, we will talk about spacs and their performance versus the s&p 500. we speak with brenda rainey about bain and company's finding on blank check mergers and acquisitions. this is bloomberg. ♪ bloomberg. ♪

amanda: this is "bloomberg markets." we have been watching the markets for special-purpose acquisition corps continue to be a huge focus of attention. record flows of capital and record valuations on deals. brenda rainey is with us now. thank you for being with us. it was those numbers i wanted you to key into the forget into the conversation about spacs. there is a ton of dry powder out there. lots of potential money to flood ideal. that has valuations at levels we don't want to make a mistake. that is not a lot of room for error. characterize the market for us. brenda: there has been a tremendous amount of dry powder in the industry for a long time. it continues to build up. it now stands at about $3 trillion.

that is capital waiting in the wings to be put to work. that is absolutely feeling competition for deals and pushing prices very high. matt: i have been going to the super return conferences in berlin for the last few years. that number keeps getting higher. how much money is out there that needs to be put to work in private equity. i heard this a couple of days ago, although it's from a 2016 paper. spacs are the poor man's private equity. it gives retail investors a chance to get into a pe-like investment without being considered sophisticated and plunking down $1 million and so forth. is that a fair characterization? brenda: absolutely. anybody can invest in a spac. it is open to retail investors. there is a bit of democratization that happens with a spac. spacs have been huge.

we saw over $80 billion raised in 2020. another $25 billion raised just in january. we see no end to this trend. the big question for private equity investors, is this opportunity or is this a threat? it is probably both. on the opportunity side, for private equity firms looking to exit a company to the public market, spacs offer a fast-track to an ipo. on the threat side, they are also competition for deals. oftentimes spacs have 24 months to find a company to merge with. they are at times competing for the same flow as traditional private equity funds. amanda: your own research found that spacs underperformed. from 2016 to 2020. how do you explain the massive

continued popularity from the numbers don't back up the inflows? brenda: it is certainly a mixed bag. we saw 60% of spacs raised in 2015 to 2019 underperformed the s&p 500. i think we will continue to seek some winners and some losers in the mix. the one thing that is very important is that once the capital has been raised, the hard work begins. it is up to the spacs to find a company to merge with entity take public. deal sourcing is incredibly important, as well as very great diligence on any company they are looking to take to the public market. not all companies make sense to be public companies. spacs narrative -- need to look for companies with stability of earnings and revenues and a growth profile and a way for value creation that the markets will value. matt: it will be interesting to

see if we give our regulatory scrutiny as congress sort of buckles down on wall street a little bit. brenda, thank you for joining us. fascinating stuff in your report. brenda rainey talking about the new new thing. spacs have been incredibly hot. colin kaepernick's spac went live today. you can get a piece of that if you want. amanda: if you want. buyer beware always. matt: cap yet -- imf miller. -- i am matt miller. this is bloomberg. ♪

mark: i'm mark crumpton with bloomberg's first word news. andrew cuomo is apologizing if

you made any women feeling, the governor said today he isn't resigning and urged the public to "wait for the facts before making judgment about the sexual harassment accusations he faces." governor cuomo says he never touched anyone inappropriately and is embarrassed by the accusations. he has been accused publicly by three women of inappropriate behavior, including two former aides. law-enforcement are warning a militia group may be plotting to attack the u.s. capitol on thursday, a day tied to conspiracy theories about march 4 being the "true inauguration day." this comes two months after an attack on the capitol by extremist supporters by then president trump which led to five fatalities. more than 200,000 people signed up for coverage in the first two weeks after president biden reopened healthcare.gov as part of his coronavirus response. the