♪ >> good morning from bloomberg european headquarters in the city of london. i'm dani burger. santa rally. u.s. stocks hit all-time high on omicron won't hamper the recovery. more ships carrying u.s. gas race to europe to offset russian supply as the continent's energy

crisis deepens. and unite delta airlines cancel around 200 flights due to personnel shortages. happy friday. happy christmas eve to you. as of the close yesterday, is it cheer not fear. we saw s&p 500 stocks go to all-time highs. it might just be that slow drift into the holiday season. but we had a bevy of u.s. data to remind not only we do not have futures. a lot of other assets not trading. but we had u.s. durable good orders coming in yesterday. consumer confidence coming in stronger than expected. now, at the same time, we also had the highest inflation since the 1980's. that did keep consumer spending florida but still key to yesterday's rally is the fact that we had real yields jumping out as well.

that is a sign that there is scope for it's economy to recover, of course. the core measure of inflation did jump to some degree again. inflation continues to be the biggest concern you're look at the markets today. a few are just open. yesterday, we saw the dollar plummet again. some of that optimism coming through you have some strength vs. the dollar china c.s.i. over today and this might just be some year end window dress can help explain the losses. perhaps that's why the brent crude is down half a percent. but it's still alive and well is bit coin that is just around $51,000. that's the first time it's around that the ultimate risk asset still carrying strong. now, let's move to our main story today.

u.s. regulators have approved new pills from merkk and pfizer. michelle cortex happy christmas eve to you. so who will actually be getting these pills? >> that is the question of the day, dani. we know that the pfizer spill the most potent pill. it's one that's going work the best in clinical trials no one who got it actually died. fewer than 300,000 of them will be available by the end of january. now, the merck pill reduced hospitalizations by about half we're going to have about three million of those available. we're just talking about the u.s. at this point which one you get might depend on where you live and where in the united states you might live. >> might be a scramble for those. there's a new study that looks at the efficacy of astra accident catch what have we learned between the two? >> so it looks like the shot is

not effective when preventing omicron infections. that's bad news for places like china, hong kong. because china has done a remarkable job in getting its vaccines out. unfortunately, these studies are showing that it'ses no that potent. if you add an mrna shot, you do get a bump of neutralizing antibodies. and the shot of the astrazeneca is effective as a booster against omni con. make sure you get the right one. >> huge implications given how much synavax vaccines are out there. now, in europe, cases are rising to record highs as omicron spreads across the continent. our reporter lizy burden is in

london with us. lizy, the uk is among the record breakers. and uk cases surging for a second record fueled by the omicron vain. where does that live boris johnson? >> it piles pressure on boris johnson that's what his scientific advise ors have been wanting him to do but his rebellions m.p. aren't going want that which shows that even though the omicron variant is much more infectious, it's less severe. while the vaccine booster works against omicron, it's less effective faster than with della. but also because it's so infectious, it's still likely to lead to a significant number of severe cases. and that's exactly what we're seeing in the uk the national health service are saying that the service under

incredible pressure. we're told we'll get a decision in the week after christmas. >> how does france come fire the rest of europe? >> france tend to be about 10 to 14 days behind the uk. bit hit a record number of cases the health french minister expects them to tip 1,000 cases a day mark in the period between christmas to new year. that's exactly the time when france is expected to see omicron become the dominant strain. italy also has a number of -- a record number of infections. it's going to take it its rules slight slow that supreme to wear masks outdoor. and the validity of covid passport be from nine months to six. germany's head of state had a somber message. he told germans expect to live with covid for a long time and told them to get their vaccine as soon as possible. dani: i'm very impressed because the restrictions are so different from country to country.

lizy, thank you as always. that's liz burden. china says it will firmly oppose to u.s. law which will ban goods from jin jang the state comes from beijing just hour after president biden signed off on the legislation. let's bring in bruce inehorn so walk us through exactly what's in this legislation and what the response it to has been? bruce: this is legislation that president biden signed that was really support by pretty much everybody in congress so democrats and republicans alike from house speaker nancy pelosi to marco rubio so this is an issue where there really is bipartisan support. the new law will ban companies from importing anything that's coming from jing jag the presumption is that anything coming from jing jang will come from forced labor. the company will be able to

bring things from china into the u.s. that are from there is if they can prove that they are not made with forced labor. china's foreign ministry not surprisingly is denouncing this. a spokesperson referred it to as a vial law. >> and bruce, intel has found themselves somewhat in the cross hairs of this as well. that's right so intel has already started alerting it's suppliers, the companies that it works with in china that intel -- the company needs be in compliance with the new law that's been prompted a backlash in china especially on social media with a member of one of china's top boy bands sending out a message about how opposed he is to this because he had been working with intel. i don't think that intel itself

needs worry too much about a big consumer backlash one because they don't buy intel chips directly. and there aren't a whole lot of alternatives where computers don't have chips. this could be an indicator of what other companies face, companies like nike that could be vulnerable to boycotts. dani: it was only a time before we got to the boy ban phase of this news cycle, bruce. thank you so much. that is our bruce inehorn the u.s. says moscow needs to de-escalate tension on the ukraine bored. russian troops continue to build ahead of a potential attack. it follows vladimir putin's comments he warned about the neighbors in eastern europe. getting home for christmas just got a little bit harder. united and delta have cancelled around 200 christmas eve

flights. united said in a jump in omicron cases is affecting the availability of the crew. delta blames that and the potential for bad water. bit coin has jumped to around 51,000 dollars touching the highest level in more than two weeks the largest crypto currency is benefiting from a risk appetite. the digital coin is up to 76% this year. it's on course for its third year of gains. and that's your bloomberg first news. we speak to sayad abikash and why his strategy is to stay short treasure risk that and long dollar. steady today after and all-time high in the u.s. market. this is bloomberg.

♪

>> we certainly favor value into 2022 over growth and are much more on the short duration side. both look ater quities and fixed income. u.s. equities will still do ok next year. i think you can get double that in some of the international markets including emerging marketings. >> we do think it will create some slowdowns in the economy perhaps some slowdowns in production, which could add to inflation pressures. >> the more -- aware that inflation pressures are much more world base right now. are i think the yield is going to direct in the way the markets would go. we've already seep that. dani: risk to markets from omicron let's add another smart voice to the mix. let's welcome in sayed krabash. yet, we had a bevy of u.s. data before the u.s. markets. corps p.c.e.

the highest since the 1980's. what was your reading? >> i think it's still strong data from the u.s. consumers is coming back strong from the u.s. i think what we're looking for is information of inflation pressure in the u.s. market that's going to be the big thing at play, i think, next year. markets right now are at a stand still looking forward to the data. i think what we're looking for is basically fed tampering. i think the last meeting with the fed it was clear that they were going to be much more active in terms of their policy so looking forward, i think it's looking -- it's looking as ifs that knead will hike with growth as opposed to hiking with inflation. dani: even though the fed was clear in their tomorrow be more hawkish perhaps hiking with growth, we've seen a bond market that for the most part has been

sanguine. i know your target is to see them trading at 2%. but even with that hawkish fed, we haven't gotten there. what will need to happen next year to get to your treasury view? >> we began 2021 with a very compress front end. i think you're looking at the 10-year and the flattening of the curve. it's a story of risk aversion in terms of omicron. you had the 1/2 a flow coming back in into the risk of the year end. but looking forward, i think the market will take head on any further inflationary spikes going into next year. then, we'll going see the back end moving higher the real play is looking at the back end in terms of a continue story of growth and inflation. we'll see the back end move. >> we haven't yet though. do you think to any degree that the market is expecting the

today be tightening into a flowing economy and perhaps pricing in policy error? >> the fed has a really nice setup right now, basically. and now they have a nice buffer. but three, four, five meetings perhaps to actually normal lies and watch what happens after they normal lies the q.v. activities. they'll be able to gauge more. the core here is to go precovid in terms of rates. i think liftoff is most likely in the absence of a new breakout in terms of a variant. if we can pass with omicron without having a significant slowdown in the supply side as well as consumer side demand, i think we can see the liftoff perhaps after march. >> i have to say sayed, it is nice to hear someone who is not uber critical of the fed because we have heard over and over

again these comments that perhaps the fed is behind the curve. so to say they're on track to deliver hikes in an appropriate time and yields move higher, how core is that to your thesis of a more bullish position on financials? >> look, i think there are two sides to the story here. i think most -- most -- most crisis of the fed come in lieu of the past three or four years where we've basically had somewhat political fed share. i think after his -- you know, his nomination. you'll see a very different shift in terms of his -- his focus right now. and from my point of view, we now have a much clearer -- i think we have a powell that was very hawkish. i think we have a very much different story in terms we have the environment setup for inflation. we do have a positive environment for growth.

i think that it's unlikely that the fed is miscommunicating their intentions. they've said to us that they intend to run behind -- the inflationary cycle. i think now, they will do the things to actually match it. >> if we don't fight the fed on the way up and we don't fight the fed on the way down does that mean that we should be moving away from growth equity and into value? >> i think that's really the core play here what you've seen in the past 15 amongst that's. we've seen like a massive investment into growth. and i think now as we -- in the beginning of the year, we began the rotation into value. i think that can -- that story runs into 2022. as we move toward financial and sorry, value-led equities. if that's the core rotation that we'll see, obviously, i don't

think we'll have the same type of trajectory in equities over the next 12 months as we begin the typing cycle and liftoff, but i think the core should be in apple form. dani: i also want to get your views on china. you're expecting a greater recovery in china than perhaps others have anticipated. but we did yesterday get this negative synovack news that it's not responding -- it's not as strong. >> there's negative news in china. what we've seen in china is similarly readjustment of their growth phase. it's been enormous. i don't think we can expect to have the same growth trajectory. however, the consumer side, the consumer base in china is tremendous and growing consistently. so do i think at this point in

time that we should be looking again at value in china. i think it's a very good story over the next 12 months. i can only imagine the u.s. growth story. i would pit as the second story behind the u.s. growth story simply speaking because you have a very central government who is making the adjustments that need to be made during a period of time when we don't expect this amount of growth. this for me is within itself a positive sign dani: sayed, so glad to have you this morning. enjoy this time with your family we look at efficacy rates when it looks to fight omicron as easy israel gives out a fourth shot to fight the new variant. that's next. this is bloomberg.

♪

dani: welcome back to bloomberg daybreak. israel says its decision to offer a fourth vaccine dose was prompt bed a new data people would be left with less protection against the new strain. we spoke to dr. chris breyer about the move. >> we have seen that vaccine induced immunity wanes over time. and you get a tremendous reinvigoration of the immune response the booster so the israelis published their data on comparing people who have had two dose of the messenger rna with people who have had a third, not fourth but the third. and that showed a 90% reduction in mortality. so that is just really significant and dramatic the astrazeneca data is important because even though many countries are not using it and as you said many used

astrazeneca early on, the fact is now and who has been working very carefully on this. many countries are going to have later doses that are different either with now the protein sub unit vaccine that's coming along or with mrna which is what happened in south africa. they started with astrazeneca. now, they're using mrna and that mix and match boosting strategy also looks good and looks like it's protective. so that's very important. >> ok some of that's the -- you know, the booster and the rollout of it. talking about how long immunity lasts then, dr. -- doctor, is this unusual the immunity lasts as little as it seems to? and is there a chance science moves on quite quickly to produce something that doesn't wane quite so quickly? >> this is the biology of

coronaviruses. and this is why the coronavirus group a that causes the common cold, you get the cold but you're vulnerable again the next year that's how immunity to coronavirus work. it does wane. it isn't surprising. but what it means is that we're going to have to have more regular boosting to keep that immunity up as long as there are viruses still circulating. now, it is true as tedros said that the big challenge or a the huge challenge is that so much of the world hasn't seen their first doses. and that we have to fix in 2022. it is looking likely that we'll have enough vaccines to immunize everybody, get that bakes immunization done by may or june and then it's going to be a income countries.nge in >> thinking about the omicron variant, how encouraged are you by what we heard in these early

studies, english study, irish stud study pointing to lower hospital zation rates, which given spread is a relief. but it still spreads so fast. how confident are you with that kind of data? >> well, it is encouraging. and of course, we're always looking in science the things that are consistent since you have data from three different-looking population suggesting the same lower risk of hospital zation and severe disease, that's encouraging. the data from south africa is the most compelling. that showed about a 2/3 reduction in hospital zation. but that's a population that had a very high rate of just having recovered from a very serious surge of delta so there was a lot of preexisting immunity in the population. we'll have to see how that looks in other population. it's both a variant and the population that it's circling that you have to look at. what we're worried about here in the u.s. is that we have about 25% of the population who are

just not immunized at all. and many of those people have been relying on the idea of natural immunity after being recovered from covid what we've seen from omicron is that that is not working. part of the reason why it's so infectious is that it's able to infect people who have had covid and recovered including with delta. >> that was epidemiology chris breyer there also a profess or at john hopkins bloomberg public health. and is it supported by bloomberg l.p. and bloomburg philanthropeies. basically every u.s. market will will not be trade. cash market will not open. w.t.i. will closed. metals,ing a cultural futures as well. here are some that are open. we're seeing a stronger euro than the dollar ha that was hit after stronger u.s. data. you have weakness in c.s.i.300. brent also down.

bit ken: continues to trade around $51,000. we're going to look atom con's impact at the aviation as unite and delta cancel over 200 flights. not everyone will be

♪ >> good morning from bloomberg's european headquarters. 6:30 a.m. here in the city of london. i'm dain burger. this is daybreak europe. u.s. stocks hit and all-time high on prediggses that omicron will not hiatus as strong. and the spike in covid cases upends travel plans as united

and delta airlines cancel around 200 flyings due to personnel shortage. i hope everyone was able to make it home for the holidays but whether you're home or still on your disdesk, happy christmas eve. it was a happy day in equity markets yesterday. we saw s&p 500 close at and all time high trading does not occur today for the holiday. it was a bevy of u.s. data that was out yesterday much of it coming in strong ethan expected, be it housing, durable goods, or investor confidence. one perhaps flying in the on itment is that continue to push up wards we have an inflation which is at the bottom that the p.c.e. deflate or the feds' favorite measure and what packet it has on personal consumption. still that wasn't enough to derail market who is also sent -- really, that's key to understandingthe reaction that

perhaps priced in here was this idea ha the economic recovery can still be underway. people looking past omicron and the threat therein what is trading today? you still have your currency of going strong. you have a dollar that fell yesterday after that data. it's flat today versus the euro. we are looking at chineseer quities. simon flynn points out that we are here at the end of your training. liquidity is thin so this might be more a result of window dress. same goes the brent crude which had enjoyed a risk with the other assets. it is down half a percent. we have that risks appetite hanging along strong today in in the it's day before christmas is bit coin which is nearly at $51,000. it was trading earlier the morning. bit coin does not take a break even more the holiday season. now, let's go get the first word news. and the u.s. says moscow needs

to de-escalate tensions on the ukraine border. kiev says troops are building up. president vladimir putin's annual conference he warned western nations about military corporation with russia's neighbors in eastern europe. president bind signed it into law and proving they aren't made with forced labor. it will add to tension of the uyghur minority. the bill was in disrapt regard of the facts and truth. morgan staple stanley said that staff who had been in naves the first two weeks of january will have to wear their masks when not at their desk. it applies to all locations even those where everyone is fully vaccinated. it comes as other banks revise their own return to office plans and that's your bloomberg first

alert news. let's stick back to the covid story in u.s. cases surge to a new record for a second day yesterday. fueled by the omicron variant. a new study out of the region suggests people with omicron are far less likely to end up in hospital than other variants. but there's growing concern that the n.h.v. face a huge amount of pressure. let's bring in lizy. where does this live boris johnson on whether or not to take it after christmas? >> it files pressure on boris johnson that's what his scientific advise ors have been telling him do. don't live it too late. but >> they don't want anything like another lockdown. they're likely to draw from the u.s. health security. that shows that even though omicron is more infectious, it's also less severe, you know, the variants. but that same research shows that even though the booster job works against omicron, it's

effectiveness wanes faster than delta. as we heard in the interview earlier. also because it's so infectious, we're still likely to see a significant number of severe case. and that's already exactly what's happening in the uk n.h.s. bosses are saying they're under incredible pressure. but whatever boris johnson decides to do, they're we're not leekly to get an announcement until after christmas. >> boris johnson and their government aren't the only ones contending with this. we've seen record case and everywhere else. >> they tend to be 10 to 14 days behind the uk. france is about to tip 100,000 case a day mark. and omicron will be become the dominant strain between christmas and new year. in italy they're going back to tighten restriction. they're having facemasks outdoors the validity will get cut from nine months to six. germany, somber message from the head of state. he said that the germans need to

be prepared to live with covid. >> you need to get a vaccination. and you know, considering restrictions there and if you don't, lizy, thanks as always. that's our uk reporter, lizy burden here in long do unite and delta airlines are expected to cancel 200 christmas eve flights because of a personnel shortage due to covid. the holidays one of the most crucial and typically busiest times for travel. now, while preliminary studies that omicron is less feared, passengers still unveil new travel measures. they they see capacity that cities tickets and how many aircrafts are being use utilized revealed that we are still far a recovery. in the this up with. let's bring in lawa wright. so laura, that news of flight cancellations overnight in the u.s. has got to be unwelcomed

for travelers who are hoping to go somewhere this morning. >> yeah, really upsetting news. the primary reason was covid cases. that means they can't get enough staff. but for delta, it's a mix of covid case and also the water. the u.s. travelers have an appetite to travel again. it shows that this week compared the prepandemic, it's almost catching up to the same levels. and i've been doing a bit of dig from oag for this week compared the same week in 2019. and that showed the real divergent between u.s. carriers and their counterpart. for example but from this week to the same in 2019, british air waves down over 31%. dani: it looks like you've been busy decorating that's an

a-plus, christmas tree behind you, i must say. >> europe is still far from a recovery the dominant theme in the o.a.g. data is double digit decline. there is one out and that is greece. down 3% in seat capacity compared to him in 2019. it is the lagarde downtown dirty. they're facing travel ban from fox. which explains that we've seen a slow burning recovery. even though we're still in negative territory. this was the best year date so far. >> how have the marks reacted to the turbulence recently, laura? >> kids have been really sensitive. remember when we heard about the discovery of amicron. yesterday, when we heard about

preliminary results suggesting that omicron is less severe than others. i spoke with one analyst yesterday, john strickland and he told me this is a really ho risk that climb for allies in cancellation typically christmas too it's time when families come together. individuals begin to plan where they can go for their supper holiday and airlines will arrange. but we are approaching such a disturbance to the airlines. it's bringing them more downside. >> thank you so much. it might be grim for the travelers this holiday season, but in the right household, it is certainly christmas eve. laura right there. coming up, typingses with russia and the energy crunch, we have

the latest from moscow and the u.s. next. this is the bloomberg.

♪ [speaking foreign language] >> it's not us threatening them. we didn't come to the bored of the united states or the united kingdom, no. they came to our house to our border and now, they're saying, ah, we want ukraine to be part of us as well. >> and you want guarantees from us. no. you are owes us guarantees now

without any delays. not in decades. >> vladimir putin lashing out at nato during his annual press conference where he praised the u.s. responses demands to diffuse the standoff from ukraine. let's get from gregory. his comments come after there had been this news of potential talks with the u.s. what do we make of the two? >> it's a mixed message from putin this time around. he was positive about the fact that the bind administration has agreed to start talks on the security guarantees that he's demanding. those talks will start in geneva. but he had tough language for nato demanded that certainly the west get to his security demands and some say are unacceptable. >> it's a mixed picks picture.

ed picture oftroops along the b. >> putin is praising the u.s.'s response saying it's positive. where do we interpret the u.s.-russian relation and especially when it comes to ukraine? how do we interpret it standing that moment? >> it's still a very tough moment the u.s. has been trying to keep -- russia is not a tough priority. and the focus is on china and on domestic issues but putin has forced himself on to the agenda. he has a summit meeting with biden in june. the administration is paying attention now. it's a bit of a challenge for the administration. and of course, i will,s that conflict where the ukraine is an

issue. the u.s. has said clearly that the only potential retaliation would be economic sanctions. >> putin talked about it's gas prices. and it has been due to the lower supply with russia putin didn't minutes words when he said who is to blame for this. >> he said the cause in spike in prices are lice. and that we are thumping record levels of gas. the market has been concerned that russia not selling extra gas that are the basis of this europe in europe. it hasn't been putting supplies on the stock market. and one big pipeline this weekend actually. >> there wasn't russian supply coming. but putin said that's just because clients were bidding for it and don't want it. that's not our fall. >> took a jab at the clients

saying bought gas earlier and stored it and they were second it at high prices in the market. didn't sound like he was going offer europeans any support any time soon. dani: thank you so much as always. that's our russian government reporter in moscow. at the same time the european natural gas prices continue to plunge. but that is after this year's rally attract elements that will help to offset sop some of those costs. that's 10 vessels are currently on their way and that another 20 they're all crossing the atlantic at this moment. for more, let's bring in isis alameda. i want to stewart one point greg was make and talk about bloomberg saying they don't want the gas. do we know that that extent is true that the client simply

didn't ask for that supply from rush enthusiasm and that's what's due to russia not sending natural gas? ry think it's a little bit more nuance than that they have long-term contract with russia that allows home to take a certain amount of gas. is it true. they have confirmed us that yes, they have taken the gas that they want. and they have hit their limits on their determine contract and the doctor has complied with it. one thing is the long-term contract and the other think is what we need. a lot of the trading has been moving. and that has not been offing gas in the stock market. europe cannot stop off in terms of it what it has. that doesn't exist. and it's true that they have

beening more into germany. >> the gas prices in europe where the gas is so high, industry is starting to shutdown. so they don't need as much. >> we've seen that demand. it's really interesting to -- to actually finally see that coming through because for a while it didn't fight the really high ones. we have seen the energy prices tart starting to fall and that's because of this lng supply coming from the u.s. is that enough to plus, the gas that europe suspect getting from russia? >> well, that's also going to depend on how many people come. but i think in general, no. it's not enough but it's enough to bring prices down a lynn. we awe the 30-% lunch when the news came out we saw quite a few vessels coming in way. the gas more expensive. it's more effective. which is rare so the reason the

whole of the e.u. has just become a prime spot for lng cargo. they were all the way already in asia. and they were going to unload in china. turn around and come this yea because there's more money to be made here. >> i was struck by a story your team put out yesterday. talking about the uk government and their handling of the energy crisis and we've had a lot of suppliers collapse. the one i wrote about is this. one they're not allowing hem to hedge in the market. that rules prevent bold from doing so. i mean, how does that make any sense? a waste of taxpayer money if this now controlled supplier can't hedge into the energy market. >> i think that was the point we were trying to make yesterday, you know, they won't allow the

government to hedge so basically government has taken them on both and making the same mistake. in the first place, the ball collapses. you know, adequately and then he couldn't surprise. what is going to happen now is that the governor is probably going to have to put more money in. because if you think about it ever since the government took on bob prices went up about 60%. it's not really looking very good. and such a volatile market. to be guy buying gas, it could be exposed to the volatility. so i think that was the point. but i don't know what the government can really do unless those rules actually change. >> right. right. it seems like this isn't going away any time soon. >> thank you so much as always

that's bloomberg's isis alameda. we look at how bottle next plan to get more vaccines to people around the world. this is bloomberg.

♪ >> we certainly favor value into 2022 over growth and are much more on the short duration side. both really look at equities and fixed incomes. >> u.s. equitys will do ok

you can get double that in the emerging marks >> we do think it will create slowdowns in the committee perhaps some that could add to inflation pressures >> central banks are aware that inflation pressures are world base right now. the yield will determine the direction of the mark. and we've already seen that. >> 2021 promised great progress as vaccine distribution was already underway in countries like the uk, the u.s. and china. but complex logistical challenges complicated the rollout before it could be implemented more broadly. ariel burger, no relation reports >> according to bloomberg's vaccine teasure roughly 3.2 million shots of the vaccine had been administered by january 21st, 2021. far short of the trump administration goal. and the goal vaccine effort hate

snag when they developed astra accident canned johnson and johnson over blood clot concerns. both shots were declared safe to use following regulators. biden hit his goal of administering 200 million shots as they had been made available to all adults the fight was gaining traction in the summer as vaccines rolled outs globally. that didn't last long as the ultra contagious delta variant surged across the globe. by july, the c.d.c. learned that vaccinated people could still transfer the violence. in the fall, the f.d.a. for booster dose and for children over age five to 11. >> south african researchers identify a corvid strain.

if omicron variant. in response, many countries have travel restrictions from africa countries. japan closed its boreds and with 2022 on the horizon. the year will bring with it a lot of uncertainty. and big questions about the future. will vaccines need to be value waited. despite of pledge, many cup tris have less than 50% of the population. and that's with the virus is most likely to mutate. dani: that was ariel burger there taking us through this year and looking ahead to 2022. let's get a chick of your markets. in markets close today. u.s. futures close. u.s. cash markets. many european futures. closed.

but what is open it's hard turreted into this given that we are here heading into christmas tomorrow but that's it here at -- if you're not rid of me yes up next, i'll walk you through that. this is bloomberg. hey, angie! you forgot your phone!

hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season.

>> good morning. welcome to "bloomberg markets europe. here are your top headlines. u.s. stocks hit an all-time high on optimism omicron will not hamper the recovery. markets steady. europe's energy crisis deepens. more ships carrying u.s. gas race to offset russian supplies.