possible changes to the filibuster rules according to a senior democratic aide. the president is seeking to pressure elected democrats, including joe manchin, to change filibuster rules so that legislation can clear the chamber on a simple majority vote. switzerland is the latest nation to suggest that we may soon be suggest we may transition from the pandemic to a stage where we learn to live with covid-19 like the flu. the nation's top health official says it may be time to treat covid as endemic, given that the omicron wave of infections has not led to an equivalent surgeon hospitalizations and deaths. spanish and british officials have made similar remarks in recent days. russian and significant differences -- russian and nato officials say "significant

differences remain" following meetings in brussels today. >> nato allies are clear right about progress in these talks. they express serious concern about the buildup and ukraine and: richard de-escalate the situation, and to respect the sovereignty and integrity of its neighbors. mark: the united states since russia's actions have caused this crisis, and it is up to moscow to make a choice about whether it wants to de-escalate its activities. a judge has refused to toss out a lawsuit accusing prince andrew of sexually abusing a woman when she was a teenager. the british royal argued he was protected by a confidential 2009 settlement between jeffrey epstein and virginia giuffre. she claims andrew was one of

several powerful men to whom epstein come in her words, lent her for sexual abuse when she was a teenager. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am mark compton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york, 2:00 a.m. in hong kong. i met miller. welcome to "bloomberg markets." here are the top stories around the world. stocks in the green after the u.s. inflation report matched estimates, showing the fastest rise in prices and almost four decades. after a record run for m&a last year, we will discuss possible headwinds for you making, from inflation to regulation.

we will talk to the top dealmaker in europe. and rethinking the return to offices with record levels of covid cases ushering back work from home mandates. we will discuss what it means for the future of office space with jll markets americas ceo. we have green on the screen. in terms of the s&p 500, up .1%. 10-year yield trading 171.81. we got an auction finish and we will get you those details in just a moment. the dollar index not doing much. down at 1165 right now. we have reached a high of 1190 a couple weeks ago. u.s. dollar continues to trend lower from november. nymex crude, $82.92 a barrel. this is new york, wti, not the

brent. louisiana prices across the energy sector. hitting oil hard as the inventories came in later than expected. we are getting the 10-year treasury auction resolved. let's bring in bloomberg intelligence chief great strategist to break down the numbers for us. ira, we saw 171, 172, when issued. 10-your notes drawing 1.723 right now. ira: very slight tail. there was weaker demand in this from end users. usually investment funds and foreigners. they have the lowest in about four months in this auction. people are a little bit wary of buying this kind of duration. there is a lot more risk in the 10-year than the three-year

option that went pretty well. i think this was a mediocre option because we came close, like you said, matt, where we thought the market would be. again, metrics were not particularly good today. matt: we have seen the yield -- really, the movement was amazing last week. we saw 30 basis points of increased yield in just six sessions. we were up over 1.8 for a little while. is it historic, what we have seen, ira? i saw a lot of tribes that said we have not seen this kind of movement since the early '80s. ira: we saw this kind of movement in 2013 during the taper tantrum, for sure. we saw much larger moves. you could equate this to the action we saw back in early 2021, because remember, in january and february of 2021, 10-year interest rates went up from 50 basis points all the way up to 1.7%.

that is a pretty substantial move. we have not gotten anything like that, although admittedly in a three- or four-day period, we did see significant volatility. at this point we have settled into what will be a new range, 1.70 to 1.90 is where things will flush out. matt: i was reading on a blog that some people think the supply we have coming up, including this auction, would somehow spur more demand. ira: there are places in the world what you have very low interest rates and you certainly have asset liability managers that reset their allocations early in the year. now and also in april when you have a lot of asian economies who start their fiscal years in april, you see more demand during those periods than you might in a study state environment. it is possible that we could see additional demand -- tomorrow is the 30-year option that has more

market risk involved, even though the sizes of its mother, because the treasury department does have smaller deficits to fund. they have been tricking the size of these options for $2 million a month, and demand means ok, not great, as today's 10 year option. tomorrow might be a different story. matt: pretty decent chart here. do we expect to hit to present relatively's -- 2% relatively soon, ira? ira: our expectation is 2% to the end of the year. we could hit that much sooner. that is not out of the question at i think the federal reserve does go through with an interest rate hike in march and the market starts her price in, it might be a little bit hard for the 10-year yield to go up more than it has. our expectation is between 2, 2.25 is where 10-year yields will be. it is two-year yields where you

will see most of the increases in yields of the course of the next 18 months, as the fed continues to raise interest rates. matt: ra jersey-- ira jersey, thank you very much, bloomberg intelligence chief of u.s. rates. robin hood plans to allow most employees to work remotely on a permanent basis. the company will not require staff to go into offices regularly, but employees will still have access to offices if they need them. the move follows other companies including a lot in big tech who have had to adjust their return to office plans. banks as well. earlier this week, meta, which is facebook, delayed plans for workers to return to offices until mid-march, and it will require booster shots for those who want to come back to the office. apple scrapped a february 1 return deadline without setting a new deadline. most wall street firms had to delay plans to get workers back into the office.

up next and we are going to focus on what is going on with the return to office. is it on hold right now? the ceo of jll americas markets will discuss how the omicron variant is installing the recovery of office real estate. this is bloomberg. ♪

matt: this is "bloomberg markets ."

i met matt miller in new york city. as record levels of covid cases ringback work-from-home mandate, there is a massive pivot in office-based demand. the recovery in real estate remains uneven, as some sectors remained prepended like levels and others are behind. there is a lot of volatility, as in a lot of other sectors. during us is --joining us is jll americas markets ceo. we have seen the huge headlines. 5 million americans called in sick last week, 3 million britons called in sick. bloomberg economics says there will be a short, sharp shock to gdp, but there could be a rebound. his office space also experiencing a temporary blip, kor do you think there is going to be a longer-term change? john: i think it is temporary.

it is inconsistent by industry, inconsistent by geography, certainly by job function as well. everyone is wracking on some level--reacting on some level to the strain and the speed at which it is moving through our societies. what we hear most consistently is we plan on it being temporary. matt: what kind of rebound -- we are looking at a great chart showing net absorption in square footage. it has dropped drastically from '20 into 2021. do we get back to normal at some point in 2022? john: the trendline would seem to indicate so. the falloff was the fastest we have ever seen in terms of the falling net absorption and the amount of vacancy on the market. but you see a gradual recovery there on the bar graph, and that is what we have experienced as

well, and what we anticipate continuing to happen in 2022. matt: which geographies are experiencing the fastest comeback? are you seeing new trends? when i talk to residential real-estate executives, they are super excited about, not new markets, but what used to be secondary markets becoming primary, like in florida or in texas. john: to generalize, i would call them migration markets across the south, but you can start in phoenix or minnesota and move all the way over to the carolinas, and we see faster recoveries in phoenix, faster recovery in dfw. austin is almost at pre- pandemic levels. nashville is a great example of the secondary market that is growing very rapidly. atlanta is. all of north carolina, south carolina growing, and florida, miami has exploded in growth and

they are back at pre-pandemic levels as well. the additional observation you would have about all of those places is they are growing in population, sometimes pretty rapidly on a relative basis, and so jobs are following people. matt: are there any shifts you see as a structural, permanent? are the businesses moving office-based out of new york -- big businesses moving office-based out of new york, chicago, l.a., into phoenix, austin, or nashville? john: in some cases, yes. some of it is just diversification. tech companies have not diminished their footprint in the historical hubs like northern california or seattle. they just expanded it and other geographies. the hard trend we do see with office-based -- office space is

a strong flight to quality. they are cool, they have tremendous amenities and things that tenants like to have, whether it is food, concierge services, not just workout facilities, but specific classes, whether it is yoga or fitness classes or other things. there is a flight to new and exciting and cool as well. matt: speaking of new, we have seen private equity take on massive portfolios of real estate. some of the biggest holders in america, at least. how do you view that move, and is it something we should be concerned about? john: i don't know that we would be concerned about it. bill estate --real estate has moved to one of the core asset classes, and what it has meant for institutional holdings is they are plus or minus doubling as a percentage of the whole portfolio, and private equity has matched the funds.

i think it is a natural thing, and i don't think it is a negative in any way. by and large they do a very nice job. matt: john, thanks very much for your insight. john gates is the ceo of jll americas markets. after a record year for m&a, what can we expect this year in 2022? we will ask the partner and cofounder of trash fields. this is bloomberg. ♪

matt: this is "bloomberg markets ." i'm matt miller. 2021 was a record year for m&a, as you know, since you watch this program regularly. but will the deal boom last is

one question we are asking, especially as inflation hits a 39-year high. the potential for more regulation is a possible headwind, and covid is a huge wildcard when it comes to the economic recovery. joining us is ethan klingsberg, partner and cohead of u.s. corporate m&a at freshfields. the firm was the top european dealmaker in europe last year, so we thought it was only appropriate to bring in our top deals reporter, ed hammond. ed, kick it off. ed: thanks so much, matt. great to have you back. a lot of the factors matt talked about -- covid being high, rising rates, huge impact on the equity market, lots of volatility. i wonder in that environment how companies do the biggest component deals we saw in 2021. ethan: i think there will be challenges doing deals with equity consideration.

a lot of clients all of a sudden looking at where their equities trading out relative to where it was several months ago, and thinking twice about some of the deals where they would have a strong equity component. nonetheless, i think there is a lot of reasons we are going to see pretty steady deal flow, including, ironically, we keep hearing about supply-chain headwinds. i think the supply chain oculd lead to more more -- could lead to more momentum for deals. we look at folks in the supply chain having the were margins, but the advantage is certainty from buying vertically and integrating are there. also, when you are looking at recent performance, near-term projections, that may be off, all of a sudden you may think that those are going to reverse themselves in the relative or near term. that may give rise to more activity. matt: then do we go to that kind

of record levels we saw in 2021 again? can we get that high? ethan: there is a regulatory headwind issue, which is a fair point. what i'm seeing is clients, there was a time a year ago, there was a view that these issues were only for a select group of companies. then starting around last summer there was panic. it seemed like everybody had read an article about the u.k.'s cma blocking deals. then toward the end of the summer, last few month, clients have been very strategic. i think clients are not as intimidated right now about the regular tory headwinds. --regulatory headwinds. nonetheless we will see a lot of surprises, and there will be a lot more thoughtfulness went into merger agreements. we will see a lot more of what i call fix it first, rather than

waiting to haggle with the regulator in the regular comes back and says this is what you have got to do. just take care of business through private ordering under him. ed: what do you tell clients as it relates to that? on one hand you have a lot of uncertainty with the cma and getting a deal retroactively, or the sec, a great unknown. on the other hand you have sellers wanting a lot of conditions going into merger agreements and saying there is a lot of hell or high water language. how do you manage that? how do you manage clans going into those deals? ethan: i think we are going to have an interesting year, in part because there is a lot of hell or high water covenants out there that have been signed up, or near hell or high water covenants. when we say hell or high water, buyers of set will do whatever the regulator requires to get

the experience necessary for closing. i think there's a lot of curveballs we will see thrown from doj, ftc, europeans, and on the foreign investment regime. what is going to happen in response to that, i think there may be a lot of tension and we may see interesting negation. how do i advise clients? i am pushing for much more detail. when i am on the buy side, we are trying to be competitive. we want to make sure that we are able to distinguish ourselves and not be prejudiced by the fact that we may have many months out there. we have to do some creative things. to some companies, the idea being 18 months between sign and close can be intimidating. a lot of these committees are burning cash. we have to do creative financing you have to be creative and push in order to distinguish yourself on the buy side.

there is a lot of private equity competing now. i found strategics over the last year and have to be incredibly agile relative to where they were historically, and able to compete very effectively with private equity and let's not discount private equity is facing its own set of issues. a a lot of their investments are foreign, and they have to deal with other foreign investment regimes. and they also, among their funds, are so big, some of these firms, that they have their own antitrust issues, and it is very tricky because sometimes the antitrust issues involved investments different funds, so it is not so easy to fix. matt: ethan, with all the competition and inflation, what do you think of prices? are they going to be higher? ethan: i think there is still a pretty strong investor universe out there,s not just activists, but a lot of the traditional actively-managed funds are not

typically known as the best out there very aggressively communicating with boards and setting their expectations for what kind of price is acceptable to them. i think there is a lot of pressure from the investor universe to keep premiums at pretty attractive margins. matt: great to spend time with you, too short. ethan klingsberg parker and cohead of m&a at freshfields, and of course our thanks to ed hammond as well. coming up u.s. inflation hits a 39-year high. we discuss what it means for the path of fed policy with the former fed economist. this is bloomberg. ♪

mark: on mark crumpton with first word news. the white house is moving to

prevent future shortages of coronavirus tests. the administration wants to ensure that the tests continue to be produced in large numbers even after the omicron variant recedes. americans are waiting in long lines to get tested. that is leading to frustration and could pose a political risk for president biden. boris johnson has apologized for attending a party during lockdown in may of 2020. he insisted he thought it was a work event. >> with hindsight, i should have sent everyone back inside. i should have found some other way to thank them. i should have recognized that even if it could be set technically within the guidance, there would be millions of people who simply would not see it that way. mark: the leader of the

opposition has called for his resignation. greece is expanding measures aimed at stemming the spread of covid and omicron variant by one week. the health officials say the curves have led to a drop in daily number of new cases. they hit a record high on january 4. next to be, greece will begin finding people over 60 $114 for every month they remain unvaccinated. the united state has placed sections on north korea officials, the biden administration's response to the missile test. kim jong-un oversaw a success will test flight of a missile on tuesday that he planned would greatly increase the country's nuclear war deterrent. flights out of some u.s. airports were briefly halted by aviation regulators monday as a precaution after the missile test.

global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. >>

we are following from around the world, u.s. consumer prices soar by the most in almost four decades, signaling hot inflation , says the stage for the fed to start hiking interest rates as soon as much. a bad day for jeffries, shares dropping the most in two years after reporting a fixed income trading revenue decline. we are getting a clear picture, shares of dish rally after merger talks with directv are back on. we will take into that and more. jon: let's get a quick check on the major averages in trading today. we are seeing some green on the screen, a willingness to buy in the face of this inflation data. some of looking at these numbers as in line with expectations. there has been a willingness on the part of investors to buy some of the sectors they have enjoyed buying like energy stocks, less so financials. that has to do with the jeffries story. the materials sector has been moving higher today. hard-hit technology stocks are getting some attention. salesforce moving higher. let's come back to the inflation picture. it is the focus of our segment. we will go through some specifics. consumer prices are soaring by the most in four decades, likely setting the stage for the start of a fed rate hike as soon as

march. cpi climbing 7% in 2021, the largest 12 month gain since june 1982. matt: we are seeing pressure on wages, at least that is what we heard from jamie dimon, the most pressure he has seen. it is not incredible. if you look at this chart, you will see you as wages are not keeping up with inflation. when you pull out inflation, that wage growth is not strong enough to keep it above the zero line. interesting that even with all the wage talk from wall street and from main street, it is not putting more money in people's pockets want to take out the 7% gpi. jon: we have the same dialogue in canada. we spoke to the head of the largest bank in this country. the white house says it is making progress in that fight against inflation. national economic director brian deese says president biden has

phased in the fed to help take on this challenge. >> if you look at most professional forecasters, they are continuing to predict that we will see and easing in price pressures over the course of 2022. the fed is operating independently and the president has underscore the importance of the fed operating independently to take actions consistent with making sure that these price increases don't become entrenched. jon: let's bring in former federal reserve economist and bloomberg opinion contributor claudia sahm to talk about this. nice to have you with us. let's start with the headline numbers and your reaction. claudia: 7% increase in consumer prices last year, that is big. that is causing hardship. a few points are worth underscoring. you talked about this is the

biggest year-over-year gain we have seen in 40 years. if you go back to those 40 years, we did not have unemployment below 4%. we are not living in a stagflation. we are seeing consumer spending, even taking higher prices into account, rising at a strong clip. people, whether it is for wage increases at the bottom, whether it is the relief that went out last year, disposable income, what people have in their pockets, has been enough for the vast majority of people to keep up with these places. nobody likes paying more. there are a lot of things that have gotten more expensive. but if you have not bought a used car, which rose 40% last year, you're inflation was almost certainly not 7%. if you bought a car, you had the money to do it. that is a good thing. matt: or if he did not have the money to do it, he did not buy a

car. -- you did not buy a car. what is your interpretation of the wage picture? i showed a chart that shows wage increases are not keeping up with inflation over a certain period. longer-term, i think there is a better picture. what do you see in terms of wage inflation plus inflation inflation? claudia: with all of these data that we look at, and we should look at them, the aggregate statistics, it makes it nearly impossible to say what is going on in families' lives. even groups of families. there is a lot of evidence that shows that the wages are rising the quickest at the bottom -- frankly, often although base, i does not take a lot to get a big percent change but we are seeing increases which we have not seen in a long time. but lower income families spend a lot on necessities. these are much higher. it is tough to get a picture of

who is suffering, who has enough to get what they need and who doesn't. we need to have a conversation about the numbers. every time we get these numbers, we should think about that. but we cannot stop with the top line numbers. jon: the market has been obsessed with inflation this year. most of it has been a senior through the fed may do or can do. the market has paid less attention to where we are in the fight against covid. i know you have spent time thinking about the pandemic and can we get to the endpoint and how that might play out in the inflation world. claudia: yesterday, at his confirmation hearing, jay powell said the way to end inflation is to end the pandemic. i agree. i find it troubling to listen to brian deese and other white house officials act like the fed has got this with inflation.

jay powell cannot get covid under control. the white house code and they are not doing it. -- could and they are not doing that. we are going to keep having these conversations about inflation and too many people debt from covid. we have to get this back on track. the fed cannot do this alone. matt: what is your thought in terms of growth? we heard from jeff gridlock that he is on recession watch and we have heard criticism from mohammed that the fed has waited too long and is going to have to do too much. claudia: i disagree with those arguments. the fed is not behind the curve. the fed is trying to do its job for the first time in 40 years which is a dual mandate of employment and stable prices. the fed knows what it is doing, it will be data driven. if things start to go off the rails, the fed knows what to do. i think the comfort i take is

the fed did a soft landing last time. i think they start to raise rates too early in 2015 but there was a big fear at the fed, we have never done this and thrown the world back into a recession. they did it last time. they have the tools, they have the experience, the world may not play fair with them. but i'm not looking for a recession right now. i don't see where you could possibly pull that out of the data. jon: before we let you go, we started the conversation talking about what has been happening with car prices. if this is going to be a data-dependent year, are there any particular prices you are going to be watching closely over the next few months? claudia: what i'm watching most closely is demanded getting sucked out of the economy because we are ending a lot of the fiscal relief. i am frustrated that the new child tax credit expired in january.

we keep having waves of omicron that make it hard to get back work and have an economy rebalance. we are buying goods in a way that is very unusual. it is disruptive. i am looking under the hood, things getting back to normal and getting out of this pandemic. i expect we will see that all over the place. particularly in goods prices. matt: thank you for joining us. great to get your voice in this discussion. claudia sahm, former federal reserve economist and jain family institute senior fellow, also a bloomberg opinion contributor. coming up, dish shares a jump on reports of renewed merger talks with directv. we will bring you the latest next. this is bloomberg. ♪

matt: this is "bloomberg markets ." it is time for stock of the hour. it may be try and try again for dish and directv as report service the satellite-tv giants are looking to merge. >> we are looking at a romeo and juliet a story it seems like when it comes to dish and directv. you are seeing shares up 4%, this coming after they may be in merger talks. they have a long history of being in merger talks. in 2002, you saw this try to do this and get struck down by the fcc and department of justice. they try and 2020 and once again, they are deterred by the doj. but also because of the 5g rollouts.

they have been trying to make this happen for a while and this time, the talks are pushed by dpj capital which owns 30% of directv to see if this makes sense, especially at a time when directv -- are losing -- directv and dish are losing customers as people switched to streaming services. jon: deja vu all over again. to your point, with the decline in subscriber bases, what is the buzz about whether this bill draw a big deal premium? who becomes the real beneficiaries if the fcc were to allow this? kriti: it benefits their bondholders the most. dish has a lot of debt due over the next decade. you are looking at $1 billion. this deal would help dish in terms of paying down that issuance. matt: their event -- thank you

very much. jon: we both thank you. and thank you, matt miller. we have been talking about higher interest rates on the horizon. with that, melody hopson, the president and co-ceo, also chair of starbucks, says she is seeing tremendous opportunity and value stocks. she spoke with david rubenstein. >> i think the opposite, whatever worked in the past will not work in the future. most people fight last year's war. we want to see what has not been successful and that is where you want to be. when we look at this path decade where large-cap and growth have dominated in a way we have never seen before, valuations we have never seen before relative to value or cheaper staff, we see a tremendous opportunity. people think the art -- i'm just

looking at data. i love that line matt has no opinion. when you look at the math, over long periods of time between growth and value, and the divergence we have had recently, you cannot help but see a tremendous amount of opportunity and value, especially with the backdrop of rising interest rates. david: warren buffett has said people would be better off putting their money in stock index funds rather than people who are picking stocks as your firm often does. what you say about that? mellody: he is outperforming by not quoting an index so he is proof positive that it is possible that you can outperform the broad market. but more importantly, we believe in the efficient market theory. the inefficiencies are in areas that are overlooked, misunderstood, people don't follow it very well. that is smaller companies, they tend to be less widely followed.

you also see that in international markets. that is where we work and live. we think we can exploit those inefficiencies in those areas, which is where we would say we would respectfully disagree with warren buffett. david: you think the economy is heading south? mellody: i am optimistic about the u.s. economy and globally. the recovery has been stronger than people expected and that will continue. the big issue is inflation which i don't think is transitory. i think it was to be expected given the amount of economic stimulus that went into governments around the world. one way you know this inflation -- you cannot take it back after you increase the wage. at the end of the day, that tells us a lot. i think however the supply side, the supply chain issues with inflation will balance themselves out. was that gets back, we will be

ok. jon: good conversation with mellody hobson. don't miss tonight's full episode, david rubenstein show, 9:00 p.m. new york time on bloomberg tv. come up next, shares of jeffries falling the most in two years after the porting 50% fixed income trading revenue decline. this is bloomberg. ♪

>> investors may want to switch to low pe stocks. they are hard to find in the u.s. but not other markets. jon: this is "bloomberg markets ." jeffries, we have been talking about this one. shares falling the most in two years after fixed income trading revenue tumbled 50% from a year earlier. sonali has been covering these

earnings. you are saying it is like your super bowl week. some lost momentum before we get to some of the other players reporting later in the week. tell us more about the quarter. sonali: volatile numbers are expected, but it shows you how much wall street has gotten used to record after record. the 50% decline at jefferies is not expected at some of the bigger firms. jp morgan, analysts are expecting a 16% decline in fixed income trading. but investors need to start getting used to more normalized trading environment. in this quarter, you will have investment baking making up some -- banking making up some losses but not all of them. jp morgan, they are expected to bring in more than $3 billion, but still expected to be slightly less than what they are going to be making at that trading division overall, even with muted expectations on what

those numbers could look like. matt: we have seen basically no movement in affects -- in fx, but volatility could come back. are we expecting these kinds of forecasts and the outlooks, are you psyched? sonali: i am because rates could make a comeback and commodities trading, look for what that might look like at citigroup, goldman sachs and who is making money off that business. fixed income is a broad environment. it is not just bonds. as rates start to rise, could it get more interesting in fixed income? when it comes to jp morgan, bank of america, last year, debt underwriting also was elevated, surpassed many people's expectations and that does keep data trading a little higher than what you would expect. matt: we have heard over the

past few quarters, real concern about long growth. is it back? sonali: jamie dimon said this week that he expects in a couple quarters, it will get back to normal more entirely. right now, what we know from data is loan growth is expanding, especially in credit cards, which is great news for jp morgan, great news for citigroup, but what is happening is consumers are paying down loan balances so getting interest income was hard to come by in the credit card business. rewards are also falling from the sky. let's see how long it'll take them to be profitable into the remainder of the year. jon: i think by the end of the week, you mentioned equity financing, so much steel financing, but will we have a sense of who muscled into the biggest deals last year? sonali: we know some of that. what we love about the league

tables is what they do in terms of getting that business shows up later in the future earnings reports. goldman sachs won by a landslide when it comes to m&a advisory. there were also number one in many forms of equity underwriting. morgan stanley tends to compete with them on that regard. those numbers should be very interesting. especially with how it translates into equity trading. there is going to be a hope that that has kept up. matt: thank you very much for that. sonali talking about what to expect from wall street. this is bloomberg. ♪

mark: president biden is expecting to meet tomorrow with

all senate democrats about putting rights legislation and possible changes to the filibuster rules. the president is seeking to pressure elected kratz, including joe manchin and kyrsten sinema to change filibuster rules. kids in chicago headed back to school today, but tensions between city leaders and the teachers union are still running high. classes were canceled for five days after the union voted to go remote. union vice president says the mayor is unfit to lead. the mayor is expressing frustration over the union's repeated disruptions to the district. workers group more comfortable about heading back to the office in the first week of the year and were more likely to consider quitting if their employer demanded they returned. the latest survey found 55% remote