proposal calls for major increases in funding to fight inequality, disease, and climate change as well as a jump in education funding. but republicans are likely to oppose much of what the president is looking for. the federal reserve vice chair says policymakers will wait for evidence on whether they are reaching their goals on stability and employment before adjusting monetary policy. he spoke in an interview with bloomberg television. >> as we think we are making progress, we will communicate that to people who listen to our communication. this is very want to be. it is actual progress, not projected progress. it is hard numbers on the labor market and on prices. karina: the minutes of that meeting showed policymakers expect it will likely be sometime time before substantial further progress is made unemployment and inflation.

michigan officials are taking steps to slow the spread of covid-19, the state currently has the worst outbreak in the nation. the governor warned residents of tough weeks ahead and asked for people to do voluntary suspense of social activities. she is also asking high school to shift to remote learning and asking the government to prioritize original -- additional vaccines the michigan. he was known for helping modernize the british monarchy. prince philip died today. he was a penniless greek royal who married elizabeth in 1947. while he had no official goal, he was viewed as one of the most influential members of the royal family. he was 99. 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. this is bloomberg.

>> welcome to bloomberg markets. >> we welcome at this time both our bloomberg and our bnn bloomberg audiences. here are the top stories. the u.s. stock market has been quiet this week, but one options trader says the serenity will not last long. we will dig into the volatility. you know him as the founder of the black eyed peas, artist and entrepreneur will.i.am is revolutionizing pandemic technology, launching a line of smart masks along with honeywell . our conversation with him is next. takingglam -- taking glamping to

undo level -- to a new level. the rolls-royce of the industry. amanda: although we see stocks tracking to potentially a third weekly gain, weakness in energy, strength in the broad market, modest support from tactic, but the strength, financials doing well, consumer discretionary is the biggest leader. a win for amazon on the labor front. we see oil as a laggard. there is your 10 year yield. we have been watching the treasury market. it has been a wild ride. we are seeing big daily moves in this. want to give you a glimpse of some of the volatility that we

are seeing in treasuries and what it indicates about investor sentiment. if you look inside the terminal, you can see that volatility for treasury has bottomed out in september, a signal perhaps that investors were buying the fed argument that they were in control of the curve. it has woken up again and we are seeing high volatility, suggesting that perhaps the market is not sure that the fed will be able to contain that long end of the curve. matt: our charts producer showed me this chart earlier and it had another line that is missing. it had two lines that looked different. we will try to get that chart for you by the end of the program. one that i have been watching that also has two lines is the vix, options have gone crazy. if you look at total call options, they shoot up, those

are in white. in blue, call options. now they switch the chart on be again. we are looking at a vix right now at a low of 17. there is one huge bet we have been talking about today that has the vix going to about 40 by july or at least 25, between 25 and 40. it has been quiet all week, there have not been a lot of moves. you can bet something, some spring is going to get sprung. amanda: interesting, one big bets, as you say, some are betting or they know something the rest of us will find out. coming up, we are excited to have will.i.am, he has partnered with honeywell to produce new technology in face masks. we look at the latest after this.

matt: this is bloomberg markets. artist and entrepreneur will.i.am is teaming up with honeywell to debut a smart mask, super mask is what it is called. here to discuss it is will lange from honeywell and will.i.am himself. great to have you on the program. i initially knew of you from your music, but then i started covering stem conferences for kids and you were a big part of supporting them. i saw you do holograms a couple

times, which i thought was cool, noticed that you are into tech investing. now you are doing more hardware pieces and a super mask is the latest. i think marc andreessen saw you. will.i.am: 2020, i came up with the idea to make a mask that not only had awesome filters, but fans for air circulation, noise cancellation earphones, because i travel a lot and when you are traveling and working on the phone, the mask is blocking your voice and you have to scream into your phone or sometimes take your mask off, and that is not safe. i wanted to make a mask that lets you have peace of mind and productivity. kids are learning at home from

their phones, most 2020 people where working from their phones and tablets. -- were working from their phones and tablets. you are probably going to see businesses keep that same practice when employees are working from home. when i was wearing the mask, mark connected me with honeywell and the team helped us complete the idea by improving filters, because honeywell is the best at that in the world, and took the product to the next level. yesterday, we launched, it sold out in nine minutes. the next drop is coming soon. amanda: it is pretty cool. will lange, what was the reaction inside honeywell when this idea came to go?

what i would say is, it is an interesting undertaking, is it worth any while -- is it worth honeywell's while? will: the product was something we were thrilled to partner with will on. it is a one-of-a-kind product. our technology teams brought a product to bear that we think is one-of-a-kind in the marketplace and we are excited about it and we expect big things for the rest of the year. matt: will.i.am, you have been working on tech hardware products for a long time. you get a smartwatch that did not work out well at first, then you moved to another iteration of the product. i wonder if you have plans for the super mask, for advancing it beyond what you have already created. will.i.am: the team that we

assembled, we are getting the mask to a level where, post-covid, you are still going to be inspired to rock the super mask. as far as the watch, i like to create ideas and bring them to life and solve problems and we learned a lot doing that, and for a black-owned company making a product that did not need a phone, that to the chipset, creating our own operating system, got approval from at&t's network and across the pond, at the time when we launched that, they were not many watches that were independent from a phone. for i kid that comes from the ghetto -- for a kid that comes from the ghetto to create a product with functional technology with networks like

at&t and t-mobile, that tells the kid that i encourage and admit and provide skill sets in the ghetto that i come from, that they should dream down this path of science, technology, engineering, mathematics. there are not many people that look like because in the world of tech. there are not that many black and brown entrepreneurs. i am doing this work for a greater cause. we all know what 2020 looked like. 2021, there are a lot of jobs that are going to be gone because of technology and ai. teaching kids robotics and ai in inner-city is something governments should be doing but until they do, i'm going to take it from any risks to build product and bring to life to show kid that there is no such thing as a loss, there is just a learn. amanda: obviously showing

amazing leadership because of your influence in a variety of ways. one thought i had about the mask , which is cooler than most masks, more high-tech, you are sitting in a country where there has been resistance to masking even in the middle of a pandemic. do you think people will get the message that in one way or another, we are probably going to be masking for a long time, if not forever in certain circumstances? will.i.am: people need to have a global perspective and learn from other folks that have dealt with epidemics in the past. asia handled sars really well to the point where we did not feel the shock and sympathize for what they were going through and because we did not empathize and sympathize, we did not prepare and know how to deal with covid. places like taiwan and japan, wearing masks is a part of their culture and that is the reason

why those countries had handled covid better than we did. if there is one thing we can learn from this winter, less people got the flu because most people where wearing masks and sanitizing. if you think of ppe, a product that we wear every day, shoes. you cannot go to a supermarket or a mall barefoot. we forgot that shoes are ppe, they protect your feet. there are people that wear combat boots or construction boots to the gym and we have next basketball equipment into seats for work and people don't even play basketball, but those are protective equipment for your ankles and the soles of your feet and if we could make masks that have more functionality than just protecting you, maybe that is the moment where people are going to be inspired and have aspirations on wearing a mask.

matt: will lange, i want to ask you about working with will.i.am to create this product. i was doing an interview a couple days ago with a professor who wrote a book called what musical minds teach us about innovation. his point is that musicians tend to be able to innovate really well and you see it, obviously, with justin timberlake, jan say, will.i.am -- beyonce, will.i.am. what did he bring to this project that he did not necessarily happen the corporate culture? will: the biggest thing he brought to this project is a convergence of the arts, fashion, and science. all of those pinnacles of human ingenuity converging into one place. i think that mindset is what drove up product that is differentiated in the

marketplace that combines bluetooth, filtration, intake, exhaust, air flotation -- air filtration altogether into a product that goes from something that people kind of have to wear or are willing to wear to something that people want to wear and that is what is exciting about this. amanda: i have to ask, matt was listing some of what you have been up to and you referenced some of the other leadership roles you play. where is the space in all of this for your art? where are you in terms of your music production? will.i.am: music is second nature. it does not take that much time anymore when you have been making music as long as we have. we had four number ones last year and that happened during covid. around that time, we were making music, i was putting the super mask team together.

taking advantage of moments like the mtv music awards where i wore the mask for the first time in public, we put it in videos, it made a bigger appearance in the video we did with shakira, crossing the intersection. 20/20 was a creative year -- 2020 was a creative year, to manage that stress and anxiety, we just create across different disciplines. amanda: when you create, you help the rest of us in more ways than one, not least with that music. a pleasure to have you with us. really interesting story. coming up next, for those dreaming of a luxury staycation close to home, and rv might be the ticket. we had with is the ceo of bowlus

after this. ♪

amanda: this is bloomberg markets. many americans stayed closer to home than they might have during this pandemic. that is a trend that might continue. it is one thing that has had sales of rvs booming. we have with us geneva long. thank you for being here. geneva: thank you. amanda: let's start with how you are positioning in the marketplace and what you expect. did you benefit from the lack of international travel? geneva: i think if there is anything good to come out of the pandemic, it has required grade of thinking and we have upped our game with our product

release of the bowlus terra firma, which targets those looking for a safer environment with the ability to bring all of your family along. absolutely, it has been a good year for us. matt: what does your growth look like after the lockdown is over? do you think this trend -- which we have covered a few times on this program -- will remain sticky? is this a renaissance for the rv? geneva: absolutely. i felt there was a business opportunity for luxury land travel. i believe there is an emerging market for luxury land travel, which is different from driving a big motorhome and parking at an rv campground. this type of experience requires the ultimate in performance along with a luxurious finish,

with iron phosphate batteries, the ability to enjoy a fully hooked up experience off grid, which i think is an exciting way to camp that even more people are finding out this fantastic secret of camping that we have all been on for a while. matt: how helpful is social media? i wonder because i see a lot of your products on instagram and my mom, for example, is obsessed with #vanlife. is that a big part of your marketing? geneva: social media is probably part of everyone's business now and it is definitely part of ours. we employ many different ways to have more customers find out about the bowlus. amanda: one of the drawbacks for

rvs, and i say this as somebody who is mildly obsessed with the idea of a luxury rv, i think of them as yachts for people from the midwest, it is the infrastructure available to you. you need to plug them in, tied him up, unload the sewage. has not improved for you or is there a place in the market for that to change as your business grows? geneva: that is something we have been thinking about from the beginning, camping with a bowlus is a different way to explore so it does not require the necessary infrastructure like you are talking about. you can camp off grid so you don't need those hookups, you don't need that consistent sewer line. we have thought of many solutions to make it easy to not require that and that opens up where our customers are enjoying camping. matt: it reminds me of the 1950's, not just the design, but the idealistic life of camping

in an rv. there were a lot of things that were not great about the 1950's, there was an issue with gender equality and maybe some 130 would have had a more difficult time starting a business like this. what is it like in the industry at such a young woman where i expect, when you go to an rv fare, it is dominated by older men? geneva: i think that is a fair point, but for me, i don't think much about it, although it no doubt influences how i design and manage. when i think of our designs first, like our adoption of early tackett, to use an app to manage the power system, i suspect that has a lot to do with my age and the west coast design e thousand -- design ethos and that vibe and energy is why you see those big vehicle companies have their design

studios out here where we are located. absolutely, i see it as an advantage. matt: i saw you in forbes 30 under 30 and i feel like an underachiever. it is great that you are doing this and i think the product looks fantastic. geneva long is the ceo of bowlus, making these three have the thousand dollars rvs -- making these $300,000 rvs. for amanda lange, i matt miller. -- i am matt miller. ♪

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court. the white house says the president is issuing an executive order to create a presidential commission on the high court, it will happen hundred 80 days to study scenarios for sipping court reform -- it will have 180 days to study scenarios for supreme court reform. the european union's drug regulator hasn't started our review to assess blood clots and people who received johnson & johnson's vaccine. the agency says four cases have emerged after immunization. the move turns regulator scrutiny onto a second vaccine after astrazeneca shot -- astrazeneca's shot was linked to a possible blood clotting disorder. a warning today from atop world health organization official who says vaccines will not end the