shery: gina raimondo speaking with joe mathieu and emily wilkins.g up next, tackling gender diversity. we talked to j.p. morgan's elaine wu after the hong kong proposal to get more women on board. this is bloomberg. ♪ >> this is daybreak: asia. we start with china evergrande, which has officially been declared a defaulter for the first time. two coupon stashed -- cross default on the developer's 19 billion of the u.s. dollar debt. beijing has evergrande signaled it will not bailout evergrande with the pboc governors saying the matter will be dealt with in a market oriented way. millions more americans are eligible for pfizer's booster shots after the u.s. cdc gave the green light to 16 and 17-year-olds being eligible. the biden administration has worked hard to make those doors widely available as omicron spreads. vaccine makers are seeing evidence a third shot is key to tackling the variant. that is as some developing nations struggle to secure first or second doses of the vaccine. indian farmers have finally ended their protest. this after the gov

jonathan: the new administration, just slightly old administration, gina raimondo u.s.ary of, there. good morning. alongside lisa abramowicz and kailey leinz, i am jonathan ferro. tom keene is back with us next week. advancing one third of 1%. yields higher by just a couple basis points. the highs of the year going into cpi, two hours and 12 minutes away. this came from jonathan golub on inflation. we highlighted -- he said historic lee this is offset by rising bond yields. in the current environment, however, inflation is not translating to higher rates, a huge benefit for stocks. lisa: part of the reason why he upgraded his expectation for the final 2022 target at 5100, saying that the discount rate would remain low, even as he saw stocks benefit. stocks being the best inflation had, how many times have we heard that? jonathan: a lot, and it has worked out for sure. the spread between the top and the bottom incredibly wide. kailey: almost 20% from what morgan stanley sees. interesting to see the divergence even though a lot of the calls are the same. morgan stanley ha

joining me now to answer is commerce secretary gina raimondo.he white house yesterday for the supply chain meeting. there was an article in the "new york times" about this. by in large what are you seeing in terms of the christmas demand being met? >> good morning. by in large, it's a good news story. the president convened some of us in his cabinet and ceos of the gap, fedex, and other logistics companies. it is good news. packages will be arriving in time, by the way, in record numbers. folks are buying for the holidays, and as the president has said, the gifts will be on the shelves. your packages will be arriving on time in the mail, and it's really a fantastic story. if you look, last time i was talking to you, john, on the show, there was a real problem at the ports. the president took swift action, got ahead of it, and, you know, the logjam is down. packages are moving. containers are moving faster. so the congestion is down by 50% since you and i last spoke. it's really smooth sailing and santa will arrive on time. >> i was going to say,

the opening bell is a few moments ago, and we'll talk with gina raimondo. so keep it here.re's this feeling we chase... like someone upped the brightness on the entire world. like your body is super-charged, but your mind is super calm. it feels like 20/20 vision for your whole being. and we'll chase this feeling, until we can feel it... one. more. time. feel the hydrow high. if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. time for a mad dash, and we'll get to an opening bell on this friday so let's squeeze it in >> marvell technology, a semiconductor, the target rates by several >> so all the analysts were blindside bid how good things were. >> exactly. >> that's really helpful, raising targets afterwards >> by the way, callen had downgraded it last year. marvell, david, it was a magnificent performance. it was 5g, it was auto, internet of things, but high-performance computing. when i found out matt mur

trade secretary gina raimondo. he said that improved trade relations with the u.s.ill be one of the major benefits of leaving the european union. shares of lucid are plunging today. the electric vehicle maker said it has received a subpoena from the sec, suggesting its merger with a plan check company is being investigated. lucid completed to deal with turtle capital corporation before it's -- with churchill's capital corporation before it's stockmarket debut in july. the building materials maker has agreed to buy u.s. construction chemicals company gcp applied technology. that were prisons in a prison premium over friday's close. -- that represents an 8% premium over friday's close. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> i think the october cpi was a with up call that this inflation environment is going to be somewhat longer-lasting than anticipated, and i think more importantly than just the duration, it is the magnitude.

trade secretary meets with gina raimondo. he says improves trade relations with the u.s.ould be met of the major benefits of leaving the european union. shares of lucid are plunging. lucid completed to deal was turtle capital corporation before its market debut in july. another legal defeat for uber. the ride-hailing company lost a bit to challenge part of a landmark ruling. they will have to assume more response ability for each trip booked on their app. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ pres. biden: we are looking at the sharpest one declining unemployment ever. simply put, america is back to work, and our jobs recovery is going very strong. jonathan: just a little bit under the weather going into the weekend. we wishing the best. good morning. tom keene, kailey leinz, jonathan ferro. advancing 0.3% in the bond market. your 10 year yield up five basis points. we have talked about rate hikes. the likes of barclays saying we could have a lift of

secretary of congress gina raimondo tells bloomberg that companies who implemented vaccine mandates arean easier time bringing their employees back to work. >> the companies like united airlines and others that were first out of the gate to implement these mandates, they have seen tremendous success. more people are applying for jobs, more workers feel culpable going back to work. they are actually facing an easier time recruiting folks. people don't want to work if they feel unsafe. mark: secretary ron mondo also pushed president biden's build back better plan. president biden plans to skip the world economic forum, a gathering of world, political, and economic elites. many of his predecessors also chose to not attend. he is sending administration officials to the january meetings in switzerland. past delegations have included senior officials who will work on economic and trade issues. the omicron variant is four times more transmissible in its early stages than delta. a japanese scientist analyzed data from south africa. the researchers says omicron transmits more and it escapes immu

secretary gina raimondo says legislation for a chip manufacturer leads to ensure dish needs to ensure't go towards production in china. she urged congress to pass a bill as soon as possible. >> if it can't be done before christmas, it has to be done in january because the consequences of not fixing this program -- problem in the long run are quite upsetting to our economy and national security. angel: they're crunchy, nutritious, and set to hit dinner plates and supermarket aisles. three types of insects, crickets, mealworms worms, and grasshoppers have just been certified as food for the human conception by the european union. the bugs may not be the last to gain approval. the commission says they're weighing applications for nine other types of insects. global news, 24 hours a day on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. francine? francine: angel, i don't know about that. i have two boys. you would have to pay me or they would have to be really good for your microbiota. angel: yeah, i mean i

. >> republican lawmakers have called on congress secretary gina raimondo his department levied the latestinst dozens of chinese biotechnologies to do more, senator marco rubio has proposed a bill to restrict u.s. investment and more chinese military companies that may one day produce mind control weapons. at the pentagon jennifer griffith, fox news. griff: nobel peace prize activist from south africa died at the age of 90. more on his legacy coming up. ray loves vacations. but his diabetes never seemed to take one. everything felt like a 'no'. everything. but then ray went from no to know. with freestyle libre 2, now he knows his glucose levels when he needs to. and... when he wants to. so ray... can be ray. take the mystery out of your glucose levels, and lower your a1c. now you know. scan the code on screen to try for free. i may have moderate to severe rheumatoid arthritis. or psoriatic arthritis. but we are so much more. we're team players and artists. designers and do-it-yourselfers. parents and friends. if joint pain is getting in the way of who you are, it's time to talk to your do

but gina raimondo said universal coverage will not only help the big players but small businesses, especially those run by women >> women are still not back in the workforce the way we were prepandemic. and one way for women to make some money in a flexible way, you know, and still be able to be there for their families is selling on etsy and being a host on airbnb. but you cannot do that without broadband. >> take catherine she uses airbnb to rent out the guest house on her land in colorado. it's pretty remote and the cell service isn't great. >> we get one bar enough for phone calls and some internet, you know, browsing but certainly not enough bandwidth for zoom so, yeah, there is definitely, it was like holding our breath kind of waiting to see what was going to happen. >> when she first moved in the internet was spotty, as well but now she's connected so she can be on airbnb and also teach online yoga classes. so, john, she's pretty much living the dream back over to you >> making that need for broadband real, ylan, thank you. >>> one more stock to mention. c3 ai surging up 3%. a new sto

kamala harris, pete buttigieg, elizabeth warren, amy klobuchar, roy cooper, mitch landrieu, gina raimondo, phil murphy, j.b. pritzker and get this sean, stacey abrams. i guess she will have to leave her spot as governor of join you. governor of georgia. we all know that's what she thinks she is. >> sean: joe biden, why would he care if the american people especially independents don't want him to run for reelection. i don't think anyone is going to take joe biden off the track of running for reelection. to emily's point, this is horrific. if you say more independence want donald trump and joe biden, you're in the dumpster. the point on the democrat party, they are lost, you have a lot of these socialist progressives out there pushing for these policies. big spending, that's failing because of inflation. and you have these boot wearing union members. what about the party of old that looks out for the american worker? they can't find a unified message to move forward on because their party is split and i don't think that's going to end this year or before the 2024 election. big problems for

. >> republican lawmakers have called on commerce secretary gina raimondo, whose department levied ats against thousands of chinese biotech companies to do more. senator marco rubio has proposed a bill to restrict u.s. investment in more china's military companies, companies that may one day produce mind control weapons. >> julie: that was jennifer griffin reporting from the putting on thank you jennifer. >> the federal government is supposed be one that empowers. forcing the vaccination of 100 million americans is not one of them. >> griff: the number of states filing lawsuits over divided mandate keeps on growing. next, we will talk with the attorney general who was the first to sue. ♪ ♪ >> julie: arizona announced it is joining in and out 24 state lawsuit to block president biden's mask and vaccine mandates. they require all toddlers to be masked and for volunteers and staff to be vaccinated by the end of the next month. the lawsuit claims these mandates go beyond the executive branch's authority. arizona's attorney general mark brown of its now. thank you so much for talking to us

secretary of commerce, gina raimondo, who says she is optimistic that the chips back -- the chips actved this year and there could be see her consequences if it is delayed in a significant way. she has been leading the admin astray should's response and spoke earlier. >> if it cannot be done before christmas, it has to be done in january because the consequences of not axing this problem long-run are really quite devastating to our economy and our national security. su: weekly jobless claims in the u.s. have fallen to a 52-year low. initial applications for weekly unemployment benefits totaled 184,000 last week, well below the median estimates of 220,000 claims. millions more americans are now eligible for pfizer booster shots after the u.s. cdc gave the green light to 16 and 17-year-olds as being eligible. the biden administration has worked hard to make boosters widely available as omicron spreads. vaccine makers are seeing evidence that a third shot is needed for tackling the variant. that is as some nations struggle to secure even first or second doses. global news 24 hours a day

doesn't gina raimondo have conflicts of interest as relates to china, her husband works for a companyto be sanctioned and she's going to put them on the entities list or explain why. maria: okay. senator, we'll be watching. by the way, are they still dropping off illegal migrants in tennessee? >> as far as we know, they are. they've been doing their best to hide it. senator marsha blackburn and i have been all over this, trying to get more clarity out of the department of homeland security, dhs. they have been not forthcoming on this but had they continue to move people across the border and i'll tell you this, maria. the incidents of fentanyl overdoses and deaths continue to rise month after month. that's not a surrogate, i don't know what is, but they are killing our kids here in tennessee. maria: they sure are. they sure are, sending fentanyl into this country, absolutely disgusting. not a peep from this white house on that. it's stunning. good to see you, merry christmas. please come back soon and thanks for all of your support and working with us on "mornings with maria" this yea

. >>> coming up, the latest jobs report then next hour, don't miss commerce secretary gina raimondo going head to break, it is a follow-up, we heard draftkings' response last hour jim chanos' version. and the short version, he doesn't believe in chanos' math. he responded in a tweet, let's see if we quadruple the 3q profit, and we'll get $85 million and $168 million and they would have a quarterly operating loss of $202 million stay tuned, i haven't checked that math. okay, it's clear "squawk box" will be right back. >>> the government's november employment report is set to be announced very shortly our all-star panel, jobs panel, is ready and standing by they're going to be joining with predictions and instant analysis of the breaking data when "squawk box" comes right back. lots of windows, great light- but the birds. they're back. yes, i hear them. uh-oh. why are these birds so angry?! at least geico makes bundling our home and car insurance easy. we save a lot. i'm going...i'm going. aaaahh! hurry, hurry! i know, i know! for bundling made easy, go to geico.com. our retirement plan wit