kit juckes of socgen joining us on the program.ext, we will check in with casei jones of charles schwab. her thoughts on this development as well. i'm carol massar, along with matthew miller. this is "bloomberg surveillance ." ritika: with the first word news, i'm ritika gupta. president trump has signed a bill containing $900 billion in pandemic release, backing down from demands that lawmakers change the bill before he signed it. it includes one point $4 -- lion conserved includes $1.5 trillion reserved. the number of confirmed covid-19 cases jumped by about 11,000 in the past 24 hours to 1.6 5 million in germany. germany is death toll was relatively lower in the first phase of the pandemic, but has seen hundreds of deaths per day for weeks. shut data in -- a shut down is scheduled and till january 10, and he will likely be extended. a restriction will last two weeks beginning on january 1. the two georgia runoffs that will decide control of the u.s. senate begin their final stretch this week. president trump heads back to to cam

kit juckes of socgen, happy new year to you as well. this is bloomberg. this- i'm dough hirsch. may already know that goodrx can help you save up to 80% on your prescriptions. unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues you can see a doctor online. it's easy. just go to goodrx.com and with a few clicks you'll be treated by a licensed medical professional all from the comfort of your own home. visits are confidential and affordable. need a prescription? your doctor can send it to your pharmacy or have it mailed to you. get the healthcare you deserve at goodrx.com. alix: we are just minutes away from the close of trading in europe. one more day to go until we hit 2021. not a lot of movement in the off 0.5%.but we will discuss that in the close. this is bloomberg. ♪ alix: stocks finishing down in european trading. 24 hours to go into we can finally close out 2020. everyone is looking forward to that. the ftse 100 is down .7%. it was the bait outperform was the big it outperform her yesterday. there is no volume. this i

kit shoots of socgen -- kit juckes of socgen.s is north london darby between -- you pick a side between -- north london resident ckes has picked arsenal. over the years arsenal has come out on top in league position. competitive.r more doing a lot better than lisa's arsenal. lisa: really? tom: that helped a lot. grinlisa into the ground. does there need to be a coaching switch at arsenal? lisa: i just know i picked a losing team again after all of the new york teams. tom: you picked me and john. that is enough said. [laughter] jonathan: it is our anniversary coming up. when we do this, we are only doing this for you. audience, just for you. tom: there is an audience? jonathan: i hope. i think it is tomorrow. there's a picture of me throwing a punch at tom somewhere. from london and new york, this is bloomberg surveillance. ritika: with the first word news, i am ritika gupta. president trump is expected to sign a bill that could lead to chinese companies getting kicked off american stock exchanges. the measure calls for u.s. regul

matt: what is the story with socgen? >> socgen hoping to streamline, cut costs.looking at merging their french retail banking unit as well as credit due nor. save money by can revamping their retail outlets and have to close some of the branches with this. that will save costs as well. also unveiling new targets for their online business, hoping to increase their customer usage to 4.5 billion. focusing more on the online digital change and closing physical branches. anna: interesting as we get to the end of 2020 with some key uncertainties perhaps removed. that is the big picture story. give us the specifics around risk. arista and paul singer's activist management group elliott have fallen apart. they are back on the table again . arista confirming the have received a -- from elliott. the is a premium from where company closed. they have been disappointed with the performance, but the chairman of the board has been very public in -- and vehemently says he does not think they should be selling the company. course hanging out in west palm beach as well. dani burge

we will catch up with kit juckes of socgen later. we can catch up with tony dwyer now, canaccord genuity equity strategist. can you feel comfortable with this market given what is going on in the world around us in the last 24 hours? tony: it just is disheartening to hear, but it just goes to show what drives the market is money. that's always driven the market. unfortunately, the social side of it isn't as important as the excess liquidity side of it. the excess liquidity side of it is absolutely extraordinary. just a quick comment on the dollar. if you look back since 2009, since the great financial crisis, there's been periods of such a weak dollar. historically when it gets down more than 8%, which it did in the summertime, and ends up going down between 13% to 17%. is reason that is important people always try to make it about deficits, access debt. what it always comes down to is the dollar gets weaker in that second leg lower where it goes down into the midteens because it starts to understand and accept that there's is a sync