time with tom udall actually on horseback and tom was serving at the time as the congressman for northern new mexico's third congressional district and i was leading a group called the coalition for new mexico wilderness. together we rode into rugged r nations is, and canyons the original las vegas that i hoped would soon be designated as the wilderness and it was clear right away that tom shared my sense of wondert in the outdoors and in wild places and a strong commitment to protect those precious landscapes for future generations. walking the halls of congress he was pretty comfortable on that horse of his, much more so than myself. ,ore than one decade later knight would repeat that horseback ride alongside president trump's then interior secretary ryan is a key. we were both serving in the senate by this point and we had successfully worked together to establish, not just the [inaudible] but also the columbine hondo and the national preserve in the oregon mountain desert peak national monument and rio grande del norte national monuments. and now we were working to convince secretary

captain tom moore., and this is the story of one man and his sheer determination to make a difference. in less than four weeks, captain tom moore raised over £32 million for nhs charities, found himself number one in the charts on his 100th birthday and received tens of thousands of birthday cards. captain tom, we meet at last. where have you come from? i've been lurking down the bottom of your garden. how are you? fine, thank you. how are you? i'm really well. you marvellous to see you all come out of the blue. a man who served his country during world war two, was doing his bit for the national effort once more. a lovely story coming up, a 99—year—old war veteran has decided to walk 100 lengths of his back garden. he wants to raise money for the nhs. well, i have had such marvellous service from the national health service, particularly the nurses, they looked after me when i borke my hip. we said, "oh, if you walk 100 times, your 100th birthday's coming up, we'll pay you a pound for every length that

tom: dr. you can't see this, and neither can the people listening on bloomberg radio, but we run it on tv of like, 4000 people getting the shot yesterday. does your arm hurt during the shot or afterwards. that is all we want to know? lisa: correction, tom wants to know. [laughter] dr. passaretti: i've gotten lots of shots in my life, so that was not an issue. it was minimally sore. i did have pain and tenderness in my arm overnight in that muscle, but nothing out of the ordinary. tom: there you go. jonathan: before we let you go, i want to finish on a more serious question, if we can. the group of individuals that receive this vaccination first, some of which will be at the most risk in society, and they are already in care homes, which means life expectancy is already incredibly low. i am just trying to understand what happens in the next several months when people who have had this vaccine start to sadly pass away for no reason connected to this vaccination, but the stories start to build. w

thanks, captain tom!ier to tom moore, who's walking 100 lengths of his back garden before his 100th birthday on 30 april. and he hoped he would raise about £1,000. that went up to about £5,000. when we spoke to him and his lovely daughter hannah, in the first half of the show, they had just over £200,000. well, since we talked to him, another £45,000 has gone into hisjust giving page. the target had gone up to £100,000. let's make it £300,000, can we? can we do that? we then went i believe back on bbc breakfast on the bank holiday monday and i think the rest is charted in history. i'm not sure we will ever forget it, but it's really hard for us to even rationalise it, to understand what truly happened, because from then things went crazy. huge congratulations, captain tom. you are absolutely brilliant. we love you. well done. congratulations on passing the million, you are an inspiration to us and to the millions of bbc breakfast viewers who have been supporting you as well. amazing. well done. what you'v

, tom.rything. everything we've got. >> what evidence at his place do you have against me? that's all you've got to worry about right there. >> it's all being worked on. >> trust me. >> there will be a car load of stuff going to the crime lab. >> good because you won't find anything against me. >> reporter: when you left at the end of the first interview what did you think? did you think this is our guy? >> i thought clearly he was a suspect. he clearly had done some things that were very troubling. >> reporter: sure. but did that mean he was the killer? what will tom jaraczeski say if we ask him? >>> coming up -- >> they started accusing me of killing bryan. i was scared to death. i was worried that they were going to charge me that night. >> an arrest? hang on. could there be another person of interest in this case? >> we looked at him very seriously. >> when "dateline" continues. >>> the plains of montana are no stranger to sudden, violent death. history is littered with it. but for the p

tom: it is a factor thing. jonathan: thanks for that, tom. tom: i had a tough morning. slush, shows up with the big suv thing. it was in a hummer but it was joined norma's -- ginormous. i got here in four minutes. jonathan: i got a message at 1:00 eastern. i know how long it would take to walk to the office. it is not four hours. lisa: what was the email at 1:00 a.m.? anathan: some nonsense about football game or something. fromwoken up to lyrics africa, the song, literally. tom: todo! jonathan: do you want me to sing it? you need the song. we will have to get someone to play the song. lisa: i have a question. how much of the fed conference did you watch and how much of the game? tom: look at her. it anded about 70% of 30%. .'m doing the bed wars thing i'm in school virtual learning and i'm doing bed wars on the side. lisa: we are still on air. tom: rich miller opened up and i could see he had them on in the background. he is looking at the liverpool win. were doing know you this during the news conference. the dollar weaker, down 6/10 of 1%. good morning. this is bloom

tom: why? kevin: because from an economic data perspective, if you look at the comparison of allocations that have been given, that government assistance has provided to families not in the united states, in europe, in the france, andmany, in you simply pull up the bar chart of where american allocations have come from, america has been consistently beneath that level. so a $600 check to families that have been pummeled to economic impact -- tom: i agree, but come on. $600 or $2000, split the difference and everybody go home. kevin: but look at the political perspective. the democratic challengers are attacking politically senators loeffler on their closing argument, which is no economic stimulus. from a political prism, this would allow republicans to close out that argument in georgia, and senate majority leader mitch mcconnell definitely wants to keep a republican majority. this is an argument to do so from the politics of it, but whether or not turn out for this, we don't know. lisa: i've g

tom: now. lisa: no. jonathan: when me and my siblings used to argue, our mom would put a cereal box between us. always go for the rice crispies because it is just a little bit taller. tom: doing the whole gluten-free breakfast thing. lisa: no i'm not. eggs and toast. chalula. jonathan: that's what you have in the morning? ok. do you make that at 4:00 a.m.? lisa: we can discuss this. [laughter] jonathan: do you have alcohol, too? lisa: depends on the day. tom: sometimes two, sometimes three. jonathan: tom's trick is to not go to sleep, but just keep drinking. lisa: i'm headed there. jonathan: we are -0.4%. i really do hate "the crown." this is bloomberg. [laughter] ritika: with the first word news, i'm ritika gupta. it will be the biggest immunization campaign in the history of the british national health service, and one the world is watching. a 90-year-old woman became the first woman in the western world to receive a coronavirus vaccine shot today. people over 80 were first in line for the vaccine from

happy birthday, captain tom! happy birthday, captain tom, happy birthday to you!n behalf of bbc breakfast and everyone who has celebrated your achievements across the uk, let me wish you a very happy 100th birthday. thank you very much. how does it feel? 100 years old today! it hardly feels any different than yesterday! i don't know what you're meant to feel like when you get to 100, i've never been 100 before! i know i speak for the whole country when i say we wish you a very happy 100th birthday. your heroic efforts have lifted the spirits of the entire nation and you've now inspired the most incredible generosity, raising over £29 million, supporting the cause closest to all our hearts. good morning and happy birthday, captain tom or should i say colonel? i can now call you an honorary member of the england cricket team. congratulations on your 100th birthday! i am one of the few people here who have seen hurricanes and spitfires flying past in anger. fortunately, today they are all flying peacefully. fantastic! and thank you very much. thank you. the pleasure

perhaps she wanted his take on tom. impression, you see him walk in. >> well, he had longish blond hair sort of combed back and a double-breasted blue blazer on. he looked like something off of "the love boat," you know? very pompous. i don't know. he seemed fake to me. >> that night over dinner, beth's brother kept asking tom toolan what he did for a living. >> and he couldn't really tell me to my satisfaction what he did. >> what was he saying? >> oh, i'm an investor. this, that. well what do you invest in? he couldn't really give me an answer. >> beth's brother said toolan was drinking during dinner but not to excess. afterwards toolan and beth headed back to his apartment, and on the way home beth told friends something shocking happened. she had seen him drunk. she had seen him angry. but she had never seen her new boyfriend like this. >> he had put her into a headlock and was walking down the street saying, i want to beat your head in. she shared with me, i went back to his apartment to just get my palm pilot and

so, tom, thank you. thank you for fighting for the vision of our constitution, for a government that can and will take on the issues facing us. and we will miss you. i personally hope that you will have a major role in continuing to advance the protection of those wild lands of the west in the near future. all my best, and take care in your next chapter. a senator: mr. president. the presiding officer: the senator from wyoming. mr. barrasso: thank you, madam president. a little reflection on tom udall and the work we did together on the indian affairs committee as i chaired and he was the ranking member. i will tell you, madam president, i will miss my friend, tom udall. bobbi and i will miss your life partner jill as well. we're so grateful for your friendship and your leadership in this body. when you started today on the floor, you mentioned that you were son of the west and mentioned that it's something that runs in the family. because, madam president, tom's father stuart udall was secretary of the

tom: good morning, everyone. on bloomberg radio come on bloomberg television, it is a most interesting, diverse tuesday. futures up 24, but far more, it is about the different definitions of lockdown, new lockdown, tier three, and the rest of the language which simply identifies a pandemic that won't go away. jonathan: i think the easier way to put it is direction of travel. we are heading in the wrong direction. in germany, and the u.k. in london, in new york, warning people that we could be heading for a lockdown as well. that has been the tug-of-war over the last couple of months. the forward outlook is brighter. the news from moderna, we are moving forward with that potentially later this week. the vaccinations can't come soon enough. i think governor newsom in california yesterday said the amount of doses they were receiving from pfizer was in-line with the amount of cases they received on sunday. tom: we've got a great guest coming up to really dive into the 2021 views that are out there. there's only one v

tom is as down-to-earth as they come. there's just no artifice about he's a decent senator and is a man you couldn'tfind any better . other senators will attest to these qualities unsure. will staff. attribute that's perhapseven greater . and respect and loyalty senator udall commands from those who work for him day in and day out isextraordinary . we don't know when udall will next raise the halls with their presence but i do know this: the country is need more leaders like tom. editor udall once said his father and uncle were lifelong rolloff because they have the rightmix of inspiration and perspiration . he said quote, they were both visionaries but also doers. i can think of no better description for tom udall himself had a visionary but also a doer. tom, as you move on to your next chapter in your life i wish you and jill the very best of luck. i yield the floor. >> senator from new mexico. >> iq for the recognition and now i ask unanimous consent the following members of my staff lauren areas, clinton powell and re

tom: an attempt was made. t-days,a thing called which has something to do with ro gets eight days of vacation -- eight weeks of vacation a year. lisa and i would not know what a t-day is. lisa: you now have time to perfect your pineapple based ham. tom: we are all over this. we got the turkey and central park, but i had to pay for the ham. tom: you cannot take down -- lisa: we could not take down a ham? tom: i was told that i did not pin pineapple strips and i should not come home. lisa: did you find them? tom: that happens after the show. they spread out across manhattan looking for pineapple slices. lisa: we will know what to look at. tom: let us look at pineapple futures next to sterling futures , 1.851. that is a waiting for breakfast announcement. 32,apple futures, one point 43. from new york, radio, and television. ♪ ritika: president trump has pollard and paul manafort, manafort having being infected of financial crimes. the president pardoned roger stone, and he had already commuted stone's sentence fo

tom: at j.p.organ chase, james glassman has been a distinguished career speaking to jp morgan clients, business is small, medium and large about the state of the economy, and best of all, dr. glassman has listened to them. they be now more than ever, it is good to speak to jim glassman. what are you hearing from jp morgan clients? dr. glassman: what i am hearing is very mixed. this is a charles dickens year. some people are doing really quite well. others are struggling. the guys that are struggling, you know. the bars come of the restaurants, the air travel system. the guys not struggling are in real estate, consumer, capital spending projects. i think everybody is a little baffled because from their particular perspective, they see a lot of noise. depending on where you look, it could be great or awful. i think people look to folks like you or me for guidance come up because we are sosebee looking at the broad picture. i try to translate what i thing is going on in the equity market for them, an

tom? tom: thanks so much.a check is simple, back to normality after the festivities of yesterday. huge move yesterday, 6% total swing in the doubt, really extraordinary. 0.3%.sdaq 100 up boredom in a bond market. >> with the stock move yesterday and a lack of moves today, tesla the third-most volatile stock in the last couple of months. that's one thing i am watching. the dollar gaining yet again after yesterday's strength, despite the fact that we have more of a risk on tone. gold has become, to quote mark carney, and unreliable boyfriend . is it going to go up, down? coming up, we have mark lazard at 8:30 a.m. in new york. this is bloomberg. ♪ ♪ bloomberg surveillance, good morning, lisa abramowicz and tom keene. , thern in the markets dynamics of foreign exchange, the litmus paper is extraordinary. sometimes you get lucky and we got lucky at bloomberg when one of our founders, tom segundo, turned to paul sweeney and told him to hire smart people on the screen. we did that and we do that and we've done it ag

can you imagine getting to january, tom? tom: jon, you sound very british.uge body of america, led by senator mcconnell, don't believe in aid. they believe in growth for business. that has been a theory for well over 50 years. the theory i would use is matthew liz eddie of deutsche approximate 12% unemployment rate for america. that is the catalyst here. there's no other catalyst. jonathan: the point is, and i don't think it is british, the get is the linkage of the moment that when somewhere is shut down, it is about offering aid. this doesn't get you out of the situation. tom: i agree totally. there'sa large party -- a large body of americans that agree. a large part of the senate does not agree on that. they cannot even get checks for people flat on their backs, which we have seen coast-to-coast. jonathan: coming up on this program, michael clover ready, ubs head of u.s. rates strategy. for our audience worldwide, good morning to you all. this is bloomberg. ♪ the usual gifts are just not going to cut it. we have to find something else. good luck! what doe

lisa: for our radio audience, tom is flying -- tom is crying. tom: radio, help me.raw is un-american. you do not play for a draw. jonathan: we wait to see who they will play in the fa cup. you have a little read and we can talk about it in a couple minutes. tom: it is un-american. you do not play freight tie. 0-0 celebrate. jonathan: we are talking past each other. have a little google. tom: on what? fa cuup? jonathan: tottenham. this is bloomberg. the first word news, i am ritika gupta. for the first time i coronavirus vaccine will be available in a western country. regulators in the u.k. have approved the shot made by pfizer. doses of the vaccine are regular -- are ready for delivery from belgium. in the u.s., an fda panel will meet next week to discuss the vaccine. president trump reportedly has discussed whether to grant pre-active pardons to his children, his son-in-law, and his personal lawyer rudy giuliani. according to the new york times, the president has told people he is concerned the joe biden administration might target is three eldest children and giul

tom: the coach would look on the bench and say, tom you sit there.laughter] forthan: coming up, look up -- great to be with you. good morning. this is bloomberg. ♪ americans may start getting vaccinated for the coronavirus as soon as monday. that comes from alex azar. he tells abc news that the fda is moving to authorize the use of the vaccine made by pfizer. in germany, the number of daily coronavirus deaths and infections rose the most since the pandemic began. there were 604 deaths friday and more than 13,000 new cases. that is increasing pressure to impose a hard lockdown. of mullisr and ceo and company says the coronavirus changes everything. he spoke with erik schatzker on bloomberg "front row." >> people talk about accelerating trends. that across the spectrum of businesses, including our own. the energy and the intellectual capacity put out and what is happening in business, almost every single enterprise, almost every executive is rethinking their business model and is trying to change and adapt weekly to survive what is a rapidly changing w

ritika: happy birthday, tom. mnuchin is trying to break the deadlock over a new coronavirus relief bill. he called nancy pelosi with a $916 billion proposal that andudes aid to states liability protections. progress.d the offer they are unhappy at does not include enhanced unemployment benefits. democratic lawmakers balking at joe biden's choice to run the pentagon. congress would have to approve a waiver that bars military officers from leaving the pentagon within seven years -- from leading the pentagon within seven years of retiring. theu.k. will drop tariffs eu imposed on $4 billion of u.s. goods as part of the long-running dispute over legal aid to mayor cap and factors, boeing and airbus. it will set its own tariff policy when it completes the split from the eu at the end of the month. global news, 24 hours a day, on air and on quicktake from bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. tika gupta. a grou this is bloomberg. francine: tom and i really looking forw

tom keene is in new york. tom, i have to say, you look at the data in the u.s., it could be market moving, but we are trying to figure out whether we will have a deal by the end of the weekend on brexit. it is amazing, the headlines. it is quite exciting. is a smallt think it issue. the telegraph has a great chart on the difference between 12 miles of fisheries and 200 miles of fisheries, and i can understand the delicacies. i believe as the prime minister tries to help mr. mccraw by phasing in those fishing rights. we will be speaking with our fisheries expert, therese raphael. and the underlying question, how many can fish at any time, we will see if they want to sign something or whether they want to postpone it. that's get to first word news with ritika gupta. ritika: the justice department is in talks about resulting charges against the ceo of huawei technologies. it is a long-running dispute that fueled a clash between the u.s. and china. canada arrested mag ones out two years ago, confined to the city o

tom: i look at that chart an hour ago.witzerland flat, united kingdom flat, europe a little bit of an bb up, and the u.s. on a tear to higher inflation. nathan sheets of pgim. that's every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. ♪ tom: good morning, everyone. "bloomberg surveillance." it's a simulcast, bloomberg radio, uber television. lisa abramowicz -- bloomberg television. lisa abramowicz and tom keene. jon ferro is off. he's on a tear seven lockdown. let's do it at a data check right now. ,he vix comes in almost a stick 24.30. 31 was the level yesterday. i am going to say we are 70% back to the team spirit -- the team spirit of nevada of yesterday. the dow buttressed right up against record highs. all you need to know is the calming influence, if not r

tom: is out there.onathan: i think you might have missed your chance of couple of times over the last few days. -- over the last few decades. i (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choose from. get gym results at home. no expensive machines, no expensive memberships. go to aerotrainer.com to get yours now. more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands f

tom: yes. dr.ler: the spec protein on the virus is essential for that virus to be able to enter the cell. area thatg to be the the virus is likely going to mutate the most because are often buy the virus wanting to improve its own fitness. what we have done with the vaccines is that we have ongeted a particular area the spec protein that was absolutely essential for the virus to be able to enter the cell. so if it enters that area, there is a good chance it is going to abort itself, so that is probably why we haven't seen many mutations that have risen in this virus. said, i had a mentor who once told me if a virus can, it will. and viruses can eventually toentially figure out a way bypass immunity. this is when we have to look at our vaccines and see whether or this could result in resistance. lisa: i've got a much simpler question. when will kids be able to be vaccinated given the lack of information in studies so far? dr. fuller: right now they are initiating clinical trials that would include y

tom: no question.t your head around it is impossible to do because this is not in the textbooks. this is -- this has been an extraordinary 2020. years buckley over the with immense perspective on europe. this moment speaks of the oddities of bond purchases. i go back six and seven years to the imf. -- tryingblanche are to figure out how to reflate. hard proposed is what we are trying to do now. as blanchardlate tried to tell us to do? george: first of all, let me say happy birthday to you. to answer the question, i think it is very difficult. first of all it is unlikely inflation will end. economists forecast horizons at levels the ecb will be happy with. .5%re talking about levels below where they would like inflation to be. some sort of reflation is required. this is the second tricky point. it is difficult when you've maxed out most of your policies. this is why next year's strategy will be very important. it will look into new techniques and tools they can use. it will see how they can make the mos

tom keene is in new york. after a couple days off, tom. we have been quizzing people on the markets and what they do with their left overs from thanksgiving, so i'm expecting a full debrief of what the tom keene household those with them. debrief is that the leftovers evaporated by saturday. we came in with a 24 pound turkey. it was ok for 28 people, but next year i'm going the size with the corn and cobb, the presidential pardon turkeys. were going to 45 pounds. for our worldwide audience, 8:00 new york time, it broke last night, rumors and speculation of a presidential pardon. that is part of the zeitgeist this morning. francine: i was trying to get to bed but was hoping to try to read all the news. we had a joe biden interview with the new york times. there is a lot going with the pfizer vaccine. it is amazing how quickly they got it done and approved. and breaks it, we cannot forget -- and brexit, we cannot forget. let's get to first word news with ritika gupta. ritika: the u.k. has become the first western country to approve a coronav

tom: good morning, everyone.ance." , we say york and london good morning to all of

tom? tom: let's get a data check. equities, bonds, currencies, commodities. the trap is to go into a zombie state because there is not much going on yet. yet there is. it is interesting to look at the correlations and non-correlations out there. we will wait to see what the vix does with a love love 22.41, -- up 22.41.el the two-year yield, to four digits. 0.1170 was actually a bit lower. it was sitting three days in a row on a new lower bound of the lower two-year. that gets my attention with a solid negative stick, is what we call that, at 1.0000. that is as good as i can do. now a birthday data check with francine lacqua. birthday -- birthday treasuries little changed. european stocks are mirroring u.s. futures, which you are seeing a bit of a rebound after the slide yesterday, but overall trading is pretty much mixed. they are looking at lingering worries of tougher lockdowns, and they look at exactly -- less travel because more restrictions, what it means for the travel industry. you can see oil droppin nine-month high on that concern. joe biden, officia

tom: thank you.e is unimaginable, i measure by the distance to mars which is more than the distance to the moon. mars almost the same distance as to the sun. away ands six mars's away, is almost 11 mars's the distances are unimaginable. 12/26.es back to medieval history with ritika gupta. , the timeack in 1226 of louis the ninth, the great king of france. it is absolutely once-in-a-lifetime and this will be tonight if you are ever so fortunate to have clear skies. lisa, was that enough astronomy? lisa: i feel like we have to reset and make sure people know they are listening to and watching bloomberg surveillance and not astronomy today. tom: did i do ok? bbc with a great animation of that. i will try to get it out on social media. watching the markets of stability and the shock of the united kingdom shutdown. futures -72. , on a united kingdom changing era. this will be an important update. stay with us, lisa abramowicz and tom keene from new york. this is bloomberg, good morning. >> this is bloombe

tom: i think so. i don't know if it will get you your christmas tree, but i think you have to buy a lot more treasuries just because the extent of rate moves i'm looking for is 20 basis points. do we get to 75, 80 basis points on the 10 year? there is a floor. we are just very low, close to zero. but i think we have sold off in treasuries, pricing and all the good news out there. there's a key fed meeting coming up. our view is that they are going to extend the average maturity of qe purchases. they are just going to have to do it, the market is forcing them to do it, and they realize there could be longer-term scarring. still have so much uncertainty about the vaccine. i think rates have priced into much of that good news, and we haven't cried -- we haven't what is upon us. lisa: i want to build on the idea that the market is forcing the fed to build on the duration of its purchases. at 0.9 160%. why do you think they are forcing the fed's hand, and what do bond yields do if they do not confirm the m

tom: one final question.at pfizer in the form of many billions -- many millions of new vaccines. when we say fully vaccinated or mostly vaccinated for the elderly and essential workers in our hospitals? dr. hahn: the cdc and the hd ip 1-a,ittee have labeled this a- 1-c.and i believe the schedule as we can get all of those people vaccinated by the first quarter, maybe sooner. we are working hand-in-hand with cdc to try to get as many vaccines as possible and work with the manufacturers to ramp up manufacturing. tom: thank you so much. stephen hahn of the fda and the commissioner. they have had a hugely successful week only out the vaccine. we will do what we have done at bloomberg. this is the decision made, a command order to do science at bloomberg. david westin will try for the conversation with dr. fauci, someone you are more than familiar with. you have dr. hahn and dr. fauci with us back to back in a number of hours is a joy for all of bloomberg. further joy in the markets off wall of -- off the economic

tom: you've got that right.22.55 at with our first word news, here's ritika big -- here's ritika gupta. according to a person who took part in a call for republican house members, pelosi took up president trump's demands for larger payments to individuals in the really fact that congress passed. she wants unanimous consent to increase payments, but all it takes is one lawmaker to stop that. president trump has vetoed the $740 billion u.s. defense policy bill. that set up a battle with congress that could result in his first override by lawmakers. the president called the measure a gift to china and russia. he wanted to attach an unrelated provision to eliminate the law that protects tech companies from liability for most content published by users. the u.s. leads the world when it comes to the number of people receiving the karen arise faxing -- the coronavirus vaccine. three states have vaccinated more than 1% of their population, north dakota, west virginia, and alaska. there's a new study about the mutated co

tom: this is important. on london, the focus on new york, the focus on selected parts of america. these micro lockdowns in germany, south korea, at a tokyo really bear watching. the sum total of those lockdowns could really be quite important. again, futures up 12. ? francine: cg up in the next hour, we talk about the federal reserve. we talk about the bond purchase program. we talked to a chicago professor and former fed governor. we will also talk the specter or not of inflation and what this all means for central bank around the world. tomorrow, the bank of england. today, it's the fed. this is bloomberg. ♪ ♪ tom: this morning, better economic data out of europe. the euro searches against the dollar. it finds new weakness. it is fed day. i'm told chairman powell does not care about the dollar. japan, germany, even south korea care about rising pandemic deaths. in new mexico, they care about a 102% hospital it -- occupancy rate. senator mcconnell says the electoral college has spoken. president trump says

tom: serious money. of course, emily chang's wonderful interview with david benioff of slack, who i know we are talking to today. jonathan: alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity futures are just a little bit negative by a quarter-point, down by 0.01%. up next, kathy jones of charles schwab. this is bloomberg. with the first word news, i'm ritika gupta. house speaker nancy pelosi and senate democratic leader chuck schumer are backing a stimulus plan as the foundation for a new round of negotiations. the plan calls for $900 billion in spending, less than what democrats want, but an increase from the number being floated by senate majority leader mitch mcconnell. the u.s. has had its deadliest day yet in the pandemic, according to johns hopkins university. the number of fatalities went over 2700 for the first time. meanwhile, hospitalizations going over 100 thousand. california posted 38% surge in the last week of november. the u.s. has restricted travel visas for millions of n

tom etheridge, nice to meet you. >> tom, how are you?> good. >> this is the headquarters for worldwide trailer? >> this is the headquarters. >> did a little research. the product you guys make is good. >> yeah. >> now, how much--how much revenue is your company doing? >> we did 4 million last year. >> and so how much of that actually fell to the bottom line? how much did you make? >> maybe 400,000. >> how many will you make a year? >> about 125 trailers a year. keep in mind, not all trailers are food trailers. even though that's what we specialize in, we'll build emergency command post trailers. we've built mortuary trailers, casket trailers. we're pretty good at what we do, marcus. we've been doing it for a long time. >> who's that? >> that's kita. >> that's kita. that's the shop dog. >> yeah. >> whose dog is that? >> mine. >> it's my dog. >> no. >> [laughs] >> no, that's my dog. >> your dog, his dog? >> no, it's mine. >> oh. >> used to be my dog. >> no, it was ours, and she stays with me. >> oh. >> we were a couple for 20 years, but we

tom: you were so wound up. odds of you having to reshoot the real yield, you will be here until tonight. itathan: i'm going to record on the steps of the royal exchange in front of the bank of england. tom: we hope capri as well. jonathan: thank you. what a wonderful year it has been with you guys. lisa: have fun. the cast will be back next year. tom: he is leaving. goodbye. we miss him so much. let's do this right now. this is important as we greet mr. ferro. if i had a look of the summer come -- summer, sometimes it is so far out front, i would have to make it a book of the year. i have never made a book of the year after a book of the summer. at booth school of chicago. it is the third killer which is extraordinary. prescientsingle most economic book i've ever seen. it is on community. whether it is community or corporations understanding that we need community, he joins us this morning. congratulations on leading the way in this pandemic. group of 30t done a survey on what corporations need to deal. what is

tom keene in new york. tom, also back from the festivities -- tom: i survived. francine: we look at what happened in brussels. observers say we have a new deadline of sunday, but that could be extended by a couple of days. but the facebook story, i have to say, made me stop in my tracks. you and i have been doing this for many years together, and every time there was regulation in europe, you would say that is very un-american, he would never happen in the u.s. they are trying to go after your tech giants as well. tom: we have seen this before, and i will never forget -- i cannot remember when i was sitting, when there was a single headline across bloomberg, that the department of justice dropped its case against microsoft. i have no wisdom on this other than to say we have seen this before, and it does go back, in the culture of the country, to standard oil. what i would say is there is a stew of news out there led by the ecb anticipation, and what i'm watching more than anything is the german two-year yield. it signals disinflation, and again ever lower, great

tom: tom keene in new york. thank you so much for joining us today.tarted out long ago and far away at what we call a pharmacy on high street. this battle back and forth, there's one company that seems immune from all of this, and that is amazon. give us your prognosis for u.k. retail next year with brexit not affected amazon. helen: i think brexit will affect every retail business because whether you are talking people,ods or data or the processes that will apply on january 1 and into next year and beyond are going to be different. certainly from a broader regional point of view, what we have seen in the u.k., and i'm as in many u.s. countries around the world, is a real acceleration of the shift to digital retailing, and whether that is amazon or other businesses that are either pure plays or the have physical space as well as digital space, that pivot has been big. it was a trend that was already .nderway lots of other businesses are really investing in that digital to take on the amazon competition, if you like. tom: will we see rents go down, the

tom: the content is lacking.ail sales are really going to help give us a snapshot of how ugly q4 is. but i would say it is a combination of these broader events, but also there is some micro data here showing companies doing better, particularly the more visible ones like apple the other day. jonathan: our survey looking for a negative print on retail sales for the month of november. that data one hour away. coming up on this program, michael schumacher of wells fargo. with a fed decision just around the corner, and a news conference from chair powell. heard on bloomberg are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's

tom: thank you.and far away, the editor-in-chief of bloomberg news sat down with me on a cold winter day and said, "tom, you are going to enjoy detroit." francine lacqua was going to the mediterranean or some fancy caribbean island, and i was going to detroit. thank you, matthew winkler, for that. he joins us on detroit, on the failure of big auto to the new technology of vehicles. what i love about your new site, it is about technology and engineering. explain how electric vehicles right now are not just about tesla. matthew: thank you for that, tom. it is good to be with you and francine. electric car companies right now suddenly are worth half of the total market capitalization of the world. 10 most valuable automakers. there's a reason for that. it is because many managers have sidestepped this convergence of government policies and people's purposes, and climate change, and they made an alternative energy come if you will, their biggest bet. that is what is unfolding right now. that makes a lot

tom: life is so much easier. lisa: for him or for us? tom: both. lisa: the news was encouraging out of congress with the stimulus package getting past. today, the news is grammar. a grammar pandemic, a grimmer. you can see that throughout the morning. tom: it's been agonizing, particularly for the people of the u.k.. don't meet indoors on christmas day. that's what this has come down to. the ramifications include futures. this raises a question about inflation, the fed printing all this money. thisig question it, will cause inflation? not necessarily if there is a pandemic. that could drag on longer. we have to say masked and distant. tom: the real yield was horrific two hours ago. now, -1.05. that's lower by two basis points. that is much worse a number of hours ago. lisa, what gets your attention? lisa: i've been looking at the dollar. this is one of the big consensus calls. you saw it strengthening since march. this is going back. given the fact that this is a drag in the euro has been a drag. today, itws we saw was down 2.5% earlier this mornin

tom: why?in: because similarly to how these fiscal negotiations were not a driving force in the november elections, they have not really been a driving force -- fromiorating support individuals abandoning their respective parties. as a result of that, republicans feel that they are essentially on the cusp of a similar revival of tea party elements of fiscal responsibility. tom: brilliant that you bring this up the way you do. if this is a reaffirmation of the tea party, what is the price to the rest of the nation? kevin: look, i think that is the biggest question here. to more moderate republicans come over the past two weeks, where they suggest is that they are willing to spend more money as it relates to stimulus, especially if it is going to be linked with more national security elements that they feel would help better position the united states against china and other foreign adversaries. it is a catch dynamic right now, push and -- it is a catch-22 dynamic right now, a push and a pool, wh

please welcome back to "a late show," tom hanks! hello, tom. >> hey, steve. how are you? the office now. last time you saw me, i was at home. i'm-- >> you know, i've been talking to your crack staff. i'm a little disturbed by this dual office thing you have. >> stephen: what? >> because i just read-- i just read that putin-- that's right, that putin-- has two identical offices, one in the kremlin in moscow, and then one on the beach down on the black sea. and so no one really knows is he at work? is he in the work office? or is he-- is he down there? it strikes me as a very, you know, despotic thing to do to have two offices. so we don't even know where you are. >> stephen: you don't know if this is the real stephen colbert or if it's my body double. >> you could have a guy that sort of looks like you with the bad hair and the whole bit and a couple of prosthetics -- >> stephen: you had to go for the ear. baldy! ( laughter ) >> oh, man, i wish i had something for you. >> stephen: you ever see that movie "dave?" i could be kevin kline right now. >> you could-- you could be

lisa, tom. tom: thanks so much. futures up 12.-- the vix. >> joining me today is already ball. -- >> thank you for having me. >> join me on a journey. it dawned on me, in the early days of this pandemic, you spent about $3 million in three weeks from is that correct? >> we would prefer to say invested. [laughter] >> that number in it is wild. kkr was one of the biggest firms we knew to spend money at the time. they spent only about 2.5. you are less than 1 -- less than 5% of the size of kkr. you capitalized on early opportunities at this pandemic. opportunityk, that moving into pandemic 2.0 is much different than what we saw in march. how has the investing landscape changed? >> we are both equity and debt. what you are referring to is on the debt side, when you have massive tickler -- massive dislocation in april. priore have seen in downturns, and you can tell by my lack of hair that i have been through a few. the debt market dislocate's first, then the equity markets follow. we see a very target rich we investt in which over two

tom? tom: thanks so much. i'm going to do a quick data check here. we deserve to do a longer one because chairman powell continues to move markets. equities continue to lift. we will talk about record highs today. small-cap coming but cap doing well. solid 60site up a points. spx up 20 points. the vix came in on chairman powell's press conference. no question about that, breaking 23 to 22. the yield space ever greater, negative yields on inflation adjusted real yield that we look at, a -1.03% is really stunning. in the foreign-exchange market, we are going to get to this with jane foley in a moment. it is extraordinary, what we are seeing in the movement of different currency pairs. francine: yes, i would look, of course, at the currency manipulators, and are interesting facts on what the swiss franc did and whether longer term it has an impact on a country like switzerland. i know we speaking -- i know we're speak with thomas jordan shortly. then watch out for pound climbing again. officials cautiously predicted a exit deal today, but -- a brexit de

tom: i think we really need to recalibrate. . thought we brushed it over .laims were almost 900 million we can't say, 230, enough about how out of whack the labor economy is versus what normal was four quarters ago. that is pretty dreadful. tom: the problem is i'm thinking about the conjunction of saturn and jupiter. this was on monday. jonathan: don't question it. lisa: should we talk about brexit the whole time? jonathan: we could clear this up quickly. last last day. it is just my last day of this cats.erding next week i will not be here and the week after that these two will not be with. this is the last show together work 2020. lisa: as you were taught, the deadline -- as you were talking about the deadline is midnight to prevent that government shutdown. talking about the potential damage if we don't get a deal. even if it is only over the weekend. what is the deadline? we will talk all of these questions into next week. 10:00 a.m. we will look for some indication of how the economy is doing. the leading index from the conf

tom: well said. it is challenging to trade a market when you cannot predict the unpredictable, even if you look in the past 100 years. there is a question how effective is it? look at the consensus trade to look at where people are positioned and figure out what is rich or less highly valued joint isn't that useful on some level -- less highly valued. isn't that useful on some level? barry: sort of. not really. it is useful to let you know what is already happened, but markets are about what is going to happen. while we certainly agree trend consistency,have a what is going up tends to keep going up, what is going down keeps going down, that is good for a couple weeks or months. it is not good for quarters or years cured the question is are you a long-term investor with a timeline looking out a few years , or are you part of what is happening now? what is the point of active management if these outlooks are not necessarily predictive or useful in any capacity? why not just go into an index fund and l

tom: dr.ith an incredibly important moment with david westin yesterday, really cannot convey the importance about a two minute stretch in that conversation when dr. fauci says, get out there and get vaccinated. we have taken pride in our coverage of the pandemic, starting in february with the leadership of the united kingdom medical community, over to johns hopkins. part of that discussion has been albert co. of yale university, an expert in the diseases across this world that involve bacteria and virology. he's an expert in understanding the need for a vaccine. he will have the courage to be vaccinated on monday. ago,now that yale, ages invented the syringe with the beckett and dickinson company. we take it for granted today. telus the medical evolution of getting that shot -- tell us that medical evolution of getting that shot and why we should not be afraid today? >> thank you for having me back. it's a pleasure. with respect to the medical evolution, we have 100 years of more of experience

tom: thank you so much. more in the markets, let us brief you on that before the bond closes. futures up nine, a continued left. 30,108 up 74 points. figurescomes in nine off the crisis of three or four days ago. 22 point 55 is constructive. bonds tell me nothing. 10 year tips of a -1.05. recovery,ut to her 13601. lisa: the sterling is the one moving spot, otherwise it is the day before, a big holiday. looking at the futures. one point -- .1%. the dollar, a little bit of weakness on the strength we are seeing in the eurovision -- euro area. it seems like everyone is already home. tom: it is the markets and the moment of this pandemic, but what is so important is that we also have the pandemic, but we finally have britain and the ofopean union at some form agreement. nancy goodman is -- matthew goodman is a professor of international politics. i am hearing back and forth and all of the platitudes. what matters right now? matthew: good morning from a cold london. what matters for boris johnson is that he is ab

tom: rick, tom keene in new york.he dow jones industrial average is boeing influenced, up single digits. we have solid double-digit performance in xp x -- in spx. how far behind his institutional global wall street? has it been a year where they simply have not performed, or have they enjoyed some of these gains? rick: i think they have enjoyed some of the gains, but there is cautiousness in an environment where the stock market is doing much better than the underlying earnings story. you have to have strong confidence that you will get an actual recovery and earnings growth into next year. we do have that confidence, but we are tempted by the knowledge that fiscal stimulus isn't there yet. you have a complete lack of ,oordination at the moment approach is that different countries are taking. we have gained from equities, and we think some of our investors have, too. tom: is the framework forward a single digit return? you and i have aged with people telling us single digit return is the expectation. are so many doubl