with amanda lang in toronto.d where you are -- because a lot of people don't know -- it is but i collect wool blankets.i have with me probably the most iconic one of all time, the hudson bay point blanket, a pendleton remake. i think this is a piece of canadian and retail history that you and our next guest are going to be similar with. amanda: canadians know this, the rest of the world may not know, the hudson bay company is older than the country itself. it was here before canada, helped establish canada. that is a little piece of history that you have in your hands there, and if i can be serious about it, when we think about retailers that come and go, the hudson bay legacy here in canada is pretty important. now a part of the saks empire, and we hope it survives because it's been around for a long time. matt: you can be serious about it. i got this online. here with us now is the ceo of saks. you have an incredible history -- you are the parent company of saks fifth avenue, hudson bay. you became the ceo abou

i'm amanda lange with matt miller.s everywhere are starting to think about a post pandemic life and how to reopen and how to bring employees back to work when they want to come. there are a lot of moving parts. we are still seeing wall street grappling with overworked employees. 100 hour work weeks, something that they need to address. trying to get people not overworked just because they are at home. matt: yes, absolutely. we are seeing things like zoom calls pushed away from friday's. to be honest, friday is my favorite day for zoom calls. goldman sachs responding to the deck we saw put together by young analysts and jefferson financial pledging to reward its youngest workers with pellet on bikes or apple ipads, just a ton of cool stuff. they want the kids to come in. they want them to do work, but they want to make them comfortable as well. young talent is something you don't want to waste. let's talk about this more with jamie hodari, the founder and ceo of industrious, one of the largest workplace solutions compan

alongside amanda lang, at least in theory. we are definitely next to each other on the screen. are like amy polar and tina fey. matt: we would probably meet in manhattan, if we had to. we could rent an apartment pretty cheaply if we had to, anyway. amanda: [laughter] cheap relative to last year. it is true, we are falling back to 2008 levels. when i lived in new york -- and i left in 2002 -- this would not be considered cheap prices. but we are seeing this phenomenon of supply rising, so prices are falling. some opportunity out there. matt: we have seen rent fall 50% in manhattan, 18% in brooklyn or queens. if you want to be cool, you have to go to the latter, but i am not, so i am firmly on the island. commercial real estate is a huge part of what is going on there, and maybe a bigger change or milestone we are witnessing. there has been strong transaction activity in the industry. real estate firm marcus & millichap saw great results with canadian investors leading investment in u.s. properties through 2020. the ceo, hessam nadji, joins us now. great to get some time with you

i'm amanda lange with matt miller. a bit of a race between the vaccine and the variants and we saw some of the perils of people relaxing too soon. nowhere more evident than miami, specifically miami beach. what did you make of that? this real tension between people who just want to feel normal and the fact that we aren't there yet. matt: from here in berlin, where the lockdown has just been extended for another month, i can understand the desire of these people to get out and party. i honestly wonder what the mental health issues connected to the lockdown's are going to be when we look at this afterwards. here's a great chart showing the covid cases per million people and the u.s. is definitely doing the worst. the highest amount of cases per million -- i was surprised to see canada is doing even better than germany. canada only has about 25,000 cases per million, germany has 32,000 cases per million. the u.s. is looking at 90,000 cases per million people. amanda: you could almost track the adherence to what your gover

i'm matt miller with amanda lang. for what it's worth, the ever given is gone. ite website over the weekend was, isthe shipstillstuck.com. the answer is no. at an estimated $59 billion in costs. amanda: for what it's worth, indeed. it is worth a lot to get it moving. it will take days if not weeks to get all of the backlog sorted out here. what will that mean and how quickly do we get back to normal? i have a great guest on that. guy platt is with us, secretary-general of the international chamber of shipping. much better than we would have had if the ship had still been stuck, but this really does signal the chokepoints in global supply chains. what have you been thinking about as you look at one of the most important trade routes in the world, jammed up for all these days? guy: it has been really worrying. 12% of trade in the world flows through here. it is something like ship stacked up waiting to go through the canal, so i think it was relief more than anything to find out that -- a huge shout out to the salvage teams volved because that is an incredible feat

i am matt miller with amanda lange. the bloomberg equality summit is underway right now.ews senior executive editor for the americas jackie simmons is sitting down with cecilia rouse, head of the council of economic advisers. >> it has since reversed. in the spirit of this equality summit, how do we chart a course back to those times of 2019 levels for specific demographics like the one i mentioned? jackie: that's an excellent question. the first thing i would say is that is the entire focus and purpose of the american rescue plan. during the pandemic that involves a very contagious virus. by reducing our contact, reducing physical and economic activity. although statistics you cited are the byproduct of the slowdown in activity. the american rescue plan is designed to help us all get to the other side. this comes on the heels of the cares act and the bill passed in december. the whole purpose is we are not out of the hole yet. we need to be helping our workers, continue to pay their rent, continue to help their children and how the businesses to get through as well. your

i am matt miller with amanda lange. ♪ ♪ matt: this is bloomberg markets. miller with amanda lange. we have seen some pretty steep moves in treasury yields. i want to pull up the 10 year to show you the line up after jay powell started talking and didn't say what the markets thought he would or maybe wanted him to. right now, we are trading at 154 but we almost hit 156 -- 155 a little while earlier. i also noticed a big jump and you can see that playing out against a number of currencies. it's especially against the japanese yen. you can buy almost ¥108 for one ingles dollar. let's go over to brian who follows the treasury market for us. i love your last column, don't fight the fed. but you kind of do see markets pitted against jay powell right now or am i not reading it right? >> obviously, jay powell has moved the markets but it kind of raises the question -- what do you want him to say? the 10 year yield going up his tightening in a way. mortgage rates go up and obviously you see the impact on stocks so that's a self reinforcing mechanism and the fed con

i'm amanda lange with matt miller. there is a lot to talk about.lative parts of this market as low rates continue to drive capital flows. one place we are increasingly hearing this conversation is around the spacs. we have with us joe reece, and ed hammond read great to have both of you here. joe, i do want to start with you. you know an awful lot of -- a lot about this space. do you feel there is some justification. that there might be some red flags being raised here? joe: thanks for having me. always good to be on tv with you folks. there has been a large amount of capital remediated to spac's. as of last night there were about 518 spac's with about one billion -- 1.6 -- $1.6 billion in capital, excuse me. there is always room for access in the market. any time things get frothy, bad deals are going to get done. i think it is a good product for investors. they get an opportunity to see what they are investing in. when you think about how much in capital -- how much capital is in spacs, versus equity funds that have $3 trillion in capital, i don'

for amanda lang, i met miller. -- i am matt miller. this is bloomberg. ♪ mark: a dozen u.s. are expanding access to code vaccinations earlier than planned for every adult. that will speed up the rollout and makes -- strides toward the deadline for eligibility. the united states will pass a 100 million vaccine does today, six weeks ahead of schedule. white house says the president plans to nominate senator bill nason -- nelson to lead nasa. he was defeated in 2018 by former governor rick scott. if confirmed, he would take over nasa as it prepares for a series of missions that aim to return american astronauts to the moon. a move in texas to wipe out or than $4 billion worth of electricity overcharges from last month blackouts appears to be dead in the water after deeply divided lawmakers left town without taking final action on the proposal. it is a blow to retail tr

amanda: i am amanda lang. matt: i am matt miller. here are the top stories. u.s. hiring surges in february as economic activity picks up as vaccine rollouts provide hope. mary kay henry from the service employees international union discusses us to discuss the outlook for the economy and a fight for higher wages. one of the decade's most successful strategies poised for a dramatic makeover. some say it will be the most turbulent rebound ever. amanda: we do see a bit of reversal of what we haven't seen with tech stocks moving higher. energy leading the way. in terms on the -- of the indices, it will be the tech that has the most influence. we are watching the strong jobs data be absorbed. that is one of the key numbers. not a lot of concern expressed by jay powell. we still have the 10 year at 1.55. today maybe a slip -- slight different interpretation on the strong jobs growth and what it means for stocks. according to one member of the u.s. council of economic advisers, the job numbers are good but a lot more needs to be done. >> we are always happy to see more p

amanda: i'm amanda lange. welcome to "bloomberg markets." >> i'm matt miller. we are joined by our bloomberg and bnn bloomberg audiences. here are the top stories we are bringing you from the bloomberg terminal. the u.s. house moments ago started voting on president biden's plan, $1.9 trillion stimulus package. we will bring you the latest. we will speak to david rubenstein on stimulus as well as inequality and his exclusive conversation with world bank president david malpass. we will hear from the cofounder and ceo of 3d printing -- printer manufacturer desktop metals which went public via a spac. our guest joins us later this hour to talk about that. amanda: we have been watching these markets today, it is a very interesting day for stocks. there is a lot going on. the stimulus checks that will happen on the others of the vote in congress is a reminder that gross stocks will do well here. the stimulus will work its way through these markets and yet we are seeing these advances without the big leaders. apple is down, tesla is down, amazon is weak. that gives

matt: i am matt miller with amanda lang. u.s.tgage rates on the rise after a year in which housing prices saw dramatic increases. what can we expect in the months ahead with attractive rates, vaccine distribution and rebounding consumer confidence? we want to bring in tim lippert -- tim mayopoulos, he has a software application that serves mortgage lenders and buyers. and of course, former ceo of fannie mae. tell us first off what you are doing at blend. tim: we provide software to lenders to better serve their consumer customers, their borrowers, to get mortgage loans. we try to make that process as simple and efficient and digital as possible. this is an effort to make sure that when consumers apply for loans, their income and assets are verified digitally and they are able to get an answer to the question whether they can get a mortgage or loan quickly and efficiently. amanda: as somebody who obviously has seen up close and personal what can happen when a market gets overly speculative, i am curious for your thoughts on this m

we welcome our bnn bloomberg audience and amanda lange out of toronto. a pretty new york-specific story, but it's important to point out it is a $2 trillion economy. this is not just a me too issue, but this is a man who has his finger on the button of a really massive economy. especially an economy that really drives global wall street. amanda: interesting to note he will not resign. one of the first questions was do you think he should, particularly given there is a conflict-written budget coming down. can he do the job? the answer so far as he is not going anywhere. matt: absolutely. very interesting stuff, although he did seem to be getting the same questions over and over and giving the same answers. let's go to shelly banjo. he said it pretty clearly. i will not resign. he said he did not touch anyone inappropriately and will hand this full investigation over to the new york state attorney general. do you think it satisfied concerns within his own party? shelly: i don't think it satisfied 100%. i think the level of contrition was quite unusual for

i am matt miller with amanda lange.mergence of covid-19 vaccines not helping kids go back to college. or maybe it is something else. i think a drop of 5% for enrollment for the most fun time they will ever have in life is pretty shocking. amanda: it is although what is telling is that the biggest decline came from international students. it is really difficult for students at the moment to travel. i think -- it may be another year before you get broad spread enough vaccines it is an easy thing to do. but 16% drop in international students. the question is do they stay away and learn online or do they come back. ? you have got to be there to get the most out of your college experience. i think they come back as soon as they can. matt: you have to be there and you cannot go backpacking through europe right now. i don't think the hostels are even open. what else could you possibly do? i guess you could work as a lift operator at a ski resort? they are open in the u.s. i cannot think many other gap year experiences that are

am matt miller in berlin alongside in a satellite sense, globally we are alongside each other, amanda lango. time now for the bloomberg business flash where people, brother and sister on this earth. look, right now at some of the biggest business stories around the world. micro strategy has added to its pile of bitcoin to raise holdings to more than $4 billion. the enterprise software company disclosed that it bought $328 of the tokens for $15 billion. in hung congress, the hang seng specks has planned one of the biggest revamps to the city's 51-year-old stock index. the number of companies will be increase the from 52 to 80, and the maximum weighting of any company in the index will be capped at 8%. a beach front mansion across from former president trump's maralago resort is on sale. the company bought the eight-ped room house from the former's sister in 2018 for $18.5 million. a full page add lists it now for $49 million. the exclusive listing doesn't mention trump, but it does say the house comes with a mar-a-rago club membership. amanda are you a taker? do you think it is worth it? wo