again, david marcus. this is bloomberg. ♪ in business, it's never just another day.the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. emily: welcome back to bloomberg knology. let's get back to the markets. i want to hone in on crypto. bitcoins rebound continuing, barely touching the $50,000 level. there seems to be more -- seems to be more momentum yesterday than today. >> almost there, clawing back those gains they lost in the last couple of months. underperforming a little bit but it's not just a crypto story. gold and the dollar lower on the day. the people who believe crypto and bitcoin are the next gold, they performed in line today. i want to talk about the spillover effect because crypto is not just the on

david? >> marcus moore in texas tonight. thank you, marcus. >>> now to the wildfire emergency in the west tonight. the new images coming in at this hour. firefighters battling the caldor fire, trying to stop it as it burns towards lake tahoe. and a short time ago, the fontana fire breaking out in san bernardino county, forcing people to flee their homes. tonight, seven states now with serious concerns over their air quality, from washington to colorado. our chief national correspondent matt gutman from the front lines tonight. >> reporter: tonight, the caldor fire inching closer to pristine lake tahoe. thousands of firefighters trying to beat it back on the ground and in the air. evy few minutes, the fire will erupt like that. firefighters have been try to beat it back to make sure it doesn't go to the other side of the road at grizzly flats, that leads to one of the towns that was completely destroyed here. but those thousands of firefighters are unable to stop the thick slabs of smoke from more than 90 active wildfires fou

here now is david marcus, new york post political reporter.or comes out with an edict that a lot of businesses are scared is going to kill the business that's slowly flowing back, and this is supposed to be a model for the rest of the country? [laughter] is president biden kidding? >> yeah, i've spoken to a lot of restaurant ownerses over the last 18 months -- owners, and one of the things that frustrates them and the restaurant associations so much is that they're basically being turned into the covid police. david: exactly. >> that was true of the mask mandates, that's true with this vaccine mandate. you know, either de blasio doesn't think that he has the authority to mandate this vaccine directly to citizens, or he doesn't like the optics of police or government agencies going to check people's medical papers. but it's very frustrating for these restaurant ownerses who bear the bruntover potential penalties if they -- of potential penalties if they don't. david: i've talked to them on air and off air, and they say the mayor's office never

marcus, what have you learned? >> reporter: well, david, texas governor greg abbott has just announc announced the deployment of 2,500 medical personnel to help hospitals across the state. and those hospitals right now are in dire need. here at lbj hospital in houston, they've set up overflow tents and the covid cases at emergency departments here in texas have been skyrocketing. more than 1,500 covid patients were admitted across the country to the e.r. just yesterday. and that has caused a grid lock at many of the locations. and officials tell me that right now, nearly 600 people are waiting for beds. and more than 100 of them have covid. and david, in a sobering moment, an official told me today that some people are dying waiting for beds. right now, here in houston, there are 94 icu beds available, but in some parts of the state, david, there are none. >> marcus moore with the worstening situation in texas tonight. marcus, thank you. >>> we are also tracking severe storms at this hour. we're on the watch here in the east. washington, d

david marcus will be with us plus dr.ieb on the latest from child hospitalizations and the need for a booster. stay tuned this is ashley. she's a posh virtual receptionist. she'll make sure you never miss a call or an opportunity to grow your business. you can't be in two places at once, let posh answer. posh virtual receptionists. >>> welcome back to "squawk box. an update as facebook plans for its digital wallet novi. making the case for stable coins. he argues with proper regulations stable coins can unlock enormous opportunity for innovation joining us now, the cocreator. we were talking about something in the context of libra. i know it has been renamed tell us where facebook stands and where you stand now on what this project is supposed to be >> good morning, andrew. it is actually diam. last time we spoke, we were just starting the journey we had this big vision for protocol of money on the and 25, companies that you know well and that you see often here. it is built its technology and network. it continues to eng

tom: marcus ashworth there from london and david wilson as they're giving us his perspective.nteresting to me -- lisa, let me go to you. with david wilson's chart, there were only 14 equivalencies back to my youth, and that is really something. it is rare where we are right now. lisa: it is and that is why people are having such a hard time understanding what perspective to take. i was struck by one at bank of america. they said if you look at leverage it is at an all-time low, so if you look at debt to equity, it is not so bad. you wonder which is the bigger bubble. how do you even create a metric to give you a sense of where we are in the cycle? tom: it is a single-digit world. in the last 10 years, the s&p 500 is up 16.5% per year. that is a terrible return. taylor: terrible, great? -- it is unbelievable. where do you go, what do you do? i would argue it is corporations who have done a good job of taking out the cash, issuing debt -- why not, it is free? -- but the problem is the use of that cash, buybacks versus capex, perhaps the more responsible choice. tom: the industri

david? >> we're going to be staying on that for sure. marcus, thank you. >>> when we come back, the accident on the tarmac. two passenger planes. and the new "jeopardy!" host stepping down nine days after getting the job. what makes new salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and comes in original prescription strength. salonpas. it's good medicine. (geri) i have copd. because i smoked. so i have to pace myself. my tip is, if you're having people over for thanksgiving, start cooking in october. (announcer) you can quit. for free help, call 1-800-quit now. if you have postmenopausal osteoporosis and a high risk for fracture, for free help, now might not be the best time to ask yourself... 'are my bones strong?' life is full of make or break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 m

david? >> the fda urging everyone to stop using that drug. marcus, thank you. >>> we're going to turn next to the wildfire emergency in the west. nearly 90 fires burning tonight. 30 new fires in just the past 24 hours. and of course, the worsing in air quality now across several states. matt gutman on the front lines again tonight. >> reporter: tonight, the caldor fire near lake tahoe triggering new evacuations. it has torn through the landscape for nearly two weeks, already destroying more than 600 structures. that as jets continue to lay down those ribbons of pink fire retardant on some of the more than 30 wildfires that erupted across the state on wednesday. the south fire east of loss angeles exploding in side over the past 24 hours. >> this fire has done a lot of damage in a short amount of time and this appears to be someone's home now going up in flames. >> reporter: we were there overnight. you can basically pulverize bricks with nothing. that's how hot these fires burn. more than a dozen truck sures destroyed in san bernardino county. and f

david? >> we're going to be tracking that in the months ahead. marcus, thank you. >>> when we come back, news on new york governor andrew cuomo tonight. what state lawmakers have now decided tonight. >>> and for the first time ever, a water shortage declared for the colorado river, and what this means for several states tonight. ♪ when you have nausea, ♪ ♪ heartburn, ingestion, upset stomach... ♪ ♪ diarrheaaaa. ♪ pepto bismol coats your stomach with fast and soothing relief. and try new drug free pepto herbal blends. made from 100% natural ginger and peppermint. time. it's relentless. we do everything but control it. and when it's running out. we relentlessly try to protect it. because "all the time in the world" it's just a saying. today, for women living with hr+, her2- metastatic breast cancer, more time is possible with verzenio. 1 ease 5e 12k i static breast car that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluid

marcus, the cdc director is explaining when the immunocompromised should get this third shot. >> reporter: yeah, david, the cdc director recommends it be given four weeks after the second. and that it's preferably the same vaccine. this recommendation coming just 24 hours after dr. fauci told us they're studying 46 looking at realtime data to see how immunity wanes over time and looking at whether everyone else will need one. >> marcus, thank you. >>> the other major headline on this friday night, we've learned from the pentagon that the first of 3,000 u.s. troops to help get american personnel out of the u.s. embassy are arriving there. the taliban gaining more ground. the biden administration deploying thousands of troops to help with the evacuations of many personnel at the embassy. video tonight released by the taliban claiming to show them entering kandahar. 17 provincial capitals in the last week. we have also learned tonight that americans at the u.s. embassy have been told to destroy sensitive materials on site. and the pentagon was pressed today on why they're not calling this a combat missio

david? >> the tents going up now to try to prevent them from ending up in the hospital. marcus, thank you. and of course, as we await this move from the fda, we wanted to know more about what this means, a potential booster shot for the immunocompromised. but then, of course, the question is, will this soon be possible for everyone else? i asked dr. anthony fauci about that late today. dr. fauci, thank you for joining us on a major night of news involving the virus. >> thank you very much, david. it's good to be with you. >> first, i wanted to get right to this fda decision on a third shot, a booster shot for the immune compromised. i just want to make sure i understand this. this is mainly for vaccinated americans who really didn't get a good response to the vaccine to begin with? >> that is correct. this is not about the durability of a good response to keep it up, these are for people who almost certainly did not get an adequate response to properly protect them in the first place. which is understandable, because heir immune system is compromised and when you have a compromised immune

. >> marcus yam, clarissa ward and all of the reporters and their teams in the country risking their lives. much more ahead on this next including the president cutting short his stay at camp david, heading back to the white house to handle the crisis as the administration also tries to do damage control. >>> and later, this is breaking news on the chief executive of one of the hardest-hit states for covid, texas governor greg abbott now himself infected with the virus. that and the latest on booster shots and how soon covid immunity might fade for the vaccinated. ♪ ok, got everything ready. got the rental. got it dropped off. going to the championship with... your tiny champion. going... going... got it. ♪ ♪ ♪ ♪ boost is the only mobile carrier to give you the power of free 24/7 access to live doctors from your phone. get a free samsung galaxy a32 5g when you switch to america's largest & fastest 5g network. more power to stay healthy. boost mobile now we're giving you even more reasons to rediscover the joy of travel. like more ways to reward your loyalty. which means future trips can be even more rewarding. reconnect with more. (upbeat pop music in background throughout) you

david wall striker who were kind enough to read my long manuscript that was still on the screen. they gave me such wonderful insights and edits and so forth. outside of cuny i want to thank marcusnathan, a wonderful americanness who has written a manuscript and above all my family who have stuck by me through thick and thin and it was both a great challenge but also great fun to be writing my book while my wife suzanne was working on her book on creativity and neuroscience in the humanities and when my manuscript was finished suzanne sat down and very carefully read through ha chapter by chapter, was just a wonderfulcommentator so thank you so much . and i was going to say walt whitman in his poem, his wonderful eulogy written after the death of lincoln when lilacs last in the door yard bloomed, he describes lincoln at the great western star illuminating the landscape, the american landscape and in a sense that's what lincoln always was to me. this kind of beautiful, wonderful star but also a little bit removed and someone inaccessible. i didn't see him very well attached to his contemporary culture and i spent years taking about that culture, after all it was the greatest lite