mark: i'm mark crumpton with bloomberg's "first word news." a british of parliament has been stabbed to death. he was treated at the scene but died. a suspect has been arrested. he was 69 and had been a conservative mp since 1983. lawyers for the suspect in the killings of working students and three staff members at a high school in parkland, florida said he would plead guilty to the murders. he enters the penalty phase where we will help -- where he will fight against the death penalty. the shooting sparked a nationwide movement for gun control in the united states. the u.s. is moving towards

travel options for those who are vaccinated. the u.s. will open its border to vaccinated foreign travelers. they are the biggest changes to u.s. travel policy since the early days of the pandemic. the older system barred some coming from areas like china. former president bill clinton has been hospitalized for sepsis. he is responding well and will remain at the hospital for observation. he is 75. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg.

>> welcome to bloomberg markets. matt: i'm mark miller. here are the top stories we are following from around the world. u.s. retail sales cover estimates. we will down the report that showed an upside surprise. we will cuss with tom mcgee. we will stay and talk to the senior vice president of peloton about the state of the high-end fitness company and the indoor fitness market and bitcoin etf poised for approval. getting ready to approve the first etf in a watershed moment for the cryptocurrency as it breaks $60,000 yet again. we have breaking news as well on

johnson and johnson. the fda is backing the covid booster shot after at least two months. this was a unanimous decision by the fda and applies for people 18 years or older. the fda has backed the johnson & johnson booster shot after at least two months for those 18 years and older. jon: johnson & johnson shares higher today. investors have been in a buying mood. there is a live look at north american trading. focus has been on the earnings picture. pushing around questions around the supply chain and focusing on solid numbers from goldman sachs, wrapping up a busy week on wall street. you also have al: and jb in the mix -- you also have jb hunt in

the mix. the retail story, matt mentioned it, better than expected in september. an increase of 7/10 of a percent, we have been seeing the supply chain hurdles but the reality is the resilience of the consumer seems to be front and center looking at the numbers in the latest retail data. matt: the consumer looking strong. for more, welcome tom mcgee, president and chief executive officer of the icsc. we know how good the consumer looks. saving rates are highest compared to historical norms. how are the retailers looking, what is the supply chain doing

to the colleagues that you work with every day? tom: thanks for having me on. the retail environment is exceptionally strong right now. there are supply chain concerns. looking forward into the holiday season supported by today's strong retail growth and looking to the holiday, we forecast 8.9% of sales growth, supported by all the things you referenced. the only thing we think could impact a strong holiday season are supply chain issues. tailors are doing a lot to try to encourage shoppers to shop earlier, running more promotions, clearly focused upon the holiday and trying to streamline or lengthen the holiday season to make it more efficient. all signs point to an exceptionally strong holiday season. jon: when we were going through the darkest days of the

pandemic, retailers had to learn new tricks, learn the e-commerce game. we just heard from the coo of the canadian detailer just been expanding in the united states is that the stores are doing well and the e-commerce business is also doing well. coming out of the pandemic, it doesn't feel like an either or. what are you hearing? tom: just what you said, it is not an either or. the dialogue has always been around is e-commerce growing and stores depleting? and what you have seen during the course of the pandemic was an acceleration of a lot of trends. a lot of those most affected during the pandemic really learned to use their stores as distribution hubs. you saw things like curbside pickup and click and collect become prominent during the pandemic. those trends will continue for

the foreseeable future. the way stores are used may change. historically they have been used for consumers to browse shelves and products. they will be continue to be used that way but also as performance centers. you will see the convergence for retailers that are leaning into both channels would be the ones who are the most successful going forward. matt: how difficult is it, both for the online business as well as the brick and mortar to get employees back to work? tom: the labor market is tight for sure. that, along with supply chain issues, are the two biggest issues for retailers. you have heard a lot of detailers doing a number of things to encourage hiring and recruitment. that will continue, but a very competitive job market right now. it is a challenge for retailers for sure.

jon: before we go, what are the key things to watch for this holiday season? it sounded like supply chain, which is the big wildcard, is the one you will be watching most closely. tom: supply chain and as a contract, a longer holiday season. you will see retailers promote and try to get an encourage consumer inventories quicker. there are supply chains that manifest themselves later and consumers will still spend, but that may shift towards gift cards and so forth that allow those that they are giving gifts for it to get the product they want in 2022. matt: or maybe a new tradition for families to exchange gives in january or february. tom mcgee, president and ceo of icsc. thanks for joining us. we will continue consumer focus and talk specifically about the

indoor fitness industry and peloton, the brand and the community. dara treseder , joins us, they had of communications. this is bloomberg. ♪

matt: this is "bloomberg markets." stanford once again named the top u.s. business school in the latest bloomberg businessweek rankings. let's go to carol and tim. carol: we are joined by an alum

of the class of 2014, dara treseder , head of marketing communications. -- communications with peloton. let's talk about you coming to peloton. safe to say it was a lot of highs and lows. tell us what it was like for you when you first came on. dara: it was an amazing experience because i was a peloton member before i joined to lead the marketing team. i knew how much peloton was improving my daily life, so to take a role where i was motivating millions around the world was a real treat and a joy. to be at peloton at that time was so significant. tim: you are also at peloton at

eight significant and challenging time for the company. we did hear from john foley the idea that he wants to democratize the peloton experience for all, especially -- essentially make it available for all. how you get people to understand and communicate peloton is assessable for all? dara: like john said, our goal has been to make sure that many more people have access to fitness. communicating that has to do with making sure people see peloton is for people like them. we have been doing that by telling the real stories of members and having people see, if peloton really worked for that person, i can see it will work for me. if that mom and finally find 20 minutes in her day to invest in physical and mental health and overall well-being, that might

work for me. what has been powerful about what we have been able to do is really communicate that. recently we lowered the price of our much loved bike by $400. peloton is assessable for $39 a month. that is another step and action we have taken to make sure people see that peloton is something they can bring into their lives and start using to improve their physical life -- health and mental health. carol: full transparency, i have peloton and you have moved to digital which lowers the price point. when you are trying to widen the brand and access, telus us as an officer trying to create strategies to broaden, all you do it with the background problems with the treadmill plus. we know that is still an overhang. how do you do it as jim's are

reopening -- gyms are opening and there is competition for pieces of exercise equipment in your home. how do you do that? dara: before the pandemic people were using peloton and what appeal to people was, i can get an amazing workout, a great workout from the comfort of my home whenever works for me because of the live classes and on-demand classes. what has been amazing is the continued engagement with our member base, because our content team continues to put out really great classes and a wide variety of classes across different disciplines, also incorporating a lot of music and entertainment. we recently launched the dance cardio classes with usher. it is continuing to show the

variety and motivation that comes with the peloton experience you can get from your home and you can get it with your fitness equipment but the peloton app members can also access this content. i think it is the differentiation we provide with the classes that tell the story. carol: it is interesting, you are going into gaming and corporate wellness and different options offered. safe to say you are trying to widen the base and reach customers when you have a product that has had bad press and problems like the treadmill, how you deal with that? investors have noticed in the stock has pulled back 40% so far. you are in charge of communicating and investors have to be listening with you, so how do you get beyond that? how does that make your job more difficult? dara: our northstar peloton is

improving the lives of members. that is what we are focused on, keeps us motivated. continuing to show the myriad ways that we are doing that, whether through the investment in products, through how we are continuing to strengthen our community, continuing to introduce new instructors and discipline to new instructors and in spanning into new markets. so telling the story of how we are investing and building this ecosystem that's really helping millions of people around the world to invest in their physical health and mental health, which is critical. it is more critical now than it has ever been. continuing to tell those stories and continuing to show how we are tangibly addressing those are the way we are pushing the business and brand forward.

we have had our share of challenges. tim: as people can hear, we are on stanford's campus at the school of business because it was the number one business school for bloomberg businessweek rankings. how do you think back on your time here at campus? dara: something i loved as stanford as a business school, not only are you focusing on how to be a business leader, how to drive growth at a company, but also focusing on how to lead with empathy and widen the toolkit. there was a class there i love so much that we called touchy-feely. how do you bring these toolkits to navigate in a crisis and show up as a leader. those are things i have drawn

on, starting a job and leading in the middle of a pandemic. being able to tap into the toolbox is really key. one of the things as stanford that i learned is there is how you see yourself, how others see you and how you think others see you and bridging that gap as a leader is critical in this modern world and economy, especially as we deal with all that we as a society have dealt with over the past 12 to 15 months. carol: thank you so much. we appreciate your time. senior vice president and head of marketing and communications at peloton interactive dara , treseder . jon: great stuff. all this week, we have heard from wall street executives about their views on inflation. earlier, bloomberg caught up with goldman sachs ceo on where

he lands on the topic. david: there is wage and placement across all aspects of the economy right now, and the supply chain constraints, inflation, and input from products and services, this is something to watch very closely. it is not baked into the cake as to how it will play out or whether or not it will be a significant issue going forward, but there is definitely inflation. ♪

>> but to actually create greater opportunity for people, making landmark investments in public transit and rail and reducing emissions. you know, those millions of kids getting off of diesel school buses and getting asthma.

they should be electric buses. i have a tendency to say more -- jon: president biden delivering comments on his bill back better program. the sec is set to allow the bitcoin futures ats to start training next week and bitcoin to the moon. investors are ready. let's bring an hour reporter, katie grunfeld. give us the scoop on this long road to get to the bitcoin etf. katie: it has been a decade and that could be ending and they will not stand in the way of letting some of the funds begin trading next week. if that is the case, you could see for futures based bitcoin

ats trading by the end of the month. when you think back to 2013 with the first application, bitcoin was trading under $200 for most of that year. the industry has changed a lot. they have been pushing through the etf for nearly 10 years at this point. signs are pointing to next week could be the week. matt: we also heard from nsci that $7.1 trillion of publicly traded companies are exposed to crypto. katie: you have seen this industry flourish, where you have crypto-link stocks, companies like microstrategy that hold a lot of bitcoin. tesla falls into that category as well. this interesting to see those equities trade as a block with bitcoin. the price of bitcoin rising as

we speak, up 7%, closing in on $62,000 a coin. a rally throughout the space, not just bitcoin but all of those equities we ran through. jon: the whole point of bitcoin etf's in a world where you're talking about volatile cryptocurrencies, what is the messaging that the etf operators are giving they will -- giving and how they will handle that? katie: they will argue it is a mature market and that ets markets offer protections. -- etf markets offer protections . matt: thanks very much for joining us. bitcoin pierced $60,000 again today. this is bloomberg. ♪

i'm mark crumpton with bloomberg's "first word news." that would set up a showdown likely to determine if the law will stand. british member of parliament has been stabbed to death at a meeting with constituents. authorities say he was treated at the scene of the attack, but later died. a suspect has been arrested. he was 69 years old and had been a conservative mp since 1983. the u.s. is moving to expand travel options for those who are vaccinated and clamp down on those who are not. starting november 8, the u.s. will open its borders to vaccinated foreign travelers. this is the biggest change in travel policy since the early days of the pandemic.