lisa: alan krueger of princeton. jobs data we're looking forward to a big week for central banks and we have several taking center stage. if you have a bloomberg terminal, check out tvgo. watch us online and click on our charts and draffics and interact with us. go to tvgo on your terminal. lisa: central bankers take center stage next week and we'll hear from fed chair janet yellen and mark carney and mario draghi and i have to think the biggest meeting of the week will be the e.c.b. in my opinion. david: i agree with that. lisa: the fed is almost guaranteed to hike rates. david: 98 what? lisa: 98.3% being priced in for the fed futures. it's all but preset and there are questions what they say about the balance sheet unlined and what they say for forecasts next year. really it's the e.c.b. because inflation and growth are picking up and yet still have a negative deposit rate and still buying bond. david: the question is when will they give us an indication what they do after. they said how long will they keep buying

jobs.d day today on alan krueger, bill gross, and william glassman.nathan ferro and pimm fox. this is bloomberg. ♪ is this a phone? or a little internet machine? [ phone rings ] it makes you wonder. shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. choose by the gig or unlimited. and ask how to get a $200 prepaid card when you buy any new samsung device with xfinity mobile. a new kind of network designed to save you money. click, call or visit today. theresa may reaches a deal after negotiating through the night, opening talks for transition and trade. u.s. point toward equities. , u.s.g a clean read payroll numbers will tell us how my jobs were added. we won't be talking about the hurricanes. how low can unemployment go? welcome to bloomberg daybreak. welcome back, lisa. it's jobs day. alix steel is off. lisa: let's take a look at the majors. you can see green across the screen. everything is up with t

we had alan krueger, news and research at princeton on this, and he actually has research showing therime age men who are not in the workforce and you are taking painkillers, roughly half of the men who dropped out of the workforce are taking painkillers, and we had jerome powell come up for chair of the federal, testifying. and said specifically that ultimately the tools for dealing with the opioid crisis and with a long-term 60 or decline in participation by prime age males, those are tools the congress really has to wield . there's an economic crisis as well as a personal crisis. rep. kennedy: enormous. and janet yellen said very similar to what you just pointed out, in saying this is a drag on our economy. what do we need to do? businesses need to be paying more attention to who they are third-party -- who they are third-party imitators are. them, at that, united, sickness, humana, take care of this for me. those days have to be over. isinesses have to understand has a direct impact on the bottom line, both in terms of product -- productivity, absenteeism, and the disability facto

. >> reporter: a big deal for the broader economy as well, says princeton economist alan krueger. he's found a direct link between opioid use and out-of-the- workforce americans. >> for both prime-age men and prime-age women, the increase in prescriptions over the last 15 years can account for perhaps 20% of the drop in labor force participation that we've seen. >> reporter: the rate has been falling for years as the population ages, says krueger. but opioids are increasingly the story as the participation rate has hit historic lows. >> we've had a change in medical practices which has caused the medical profession to prescribe 3.5 times more opioid medication today than was the case 15 years ago. i think that's made it harder for some people to keep their jobs and has led them to leave the labor force. >> reporter: clyde mcclellan has seen it happening in east liverpool. >> when you drive around town, you see too many young and middle aged people just out during the middle of the day when normally they'd be at work. if they're out on the streets, many times they're not looking fo

jobs report and reaction tomorrow from alan krueger, the princeton professor of economics. , one of tom'sbloomberg. ♪ ♪ tom: good morning, everyone. bloomberg surveillance. francine lacqua in london. david folkerts-landau. we go to kevin cirilli in washington. i want to go to come friedman as one example as one example of the uproar, in 30 years of covering foreign policy i have never seen a president give up so much to so many for so little , there is a santa claus and his name is donald trump, he does not see himself as the president but as the president of his base. but global in that condemnation, including a third intifada announcement by hamas. how will the white house respond? kevin: israel is our most important ally in the middle east and a lot of people, not just within the republican party are praising this decision. on the flipside, this is a very carefully weighted decision which did divide some of the thee house in a circle and president's advisers as people on both sides of the boat -- both sides of the debate. tom: within this, is the support of republicans as well, as you