. >> i am amanda lang. welcome to "bloomberg markets." matt: i am matt miller.e are the top stories we are following. ev maker rivian goes public after historic ipo reaching a more than $100 billion market cap. inflation surges -- signaling the fed might have to move quicker than anticipated. another strong quarter, shares rise. we will speak to the ceo on the company's position. amanda: we are watching stocks close to session lows. the cpi data is the culprit as we see averages way down. the 10 year yield, a big move at 1.55. very surprising headlines. you can see although it is a broad-based, there are pockets of strength. the biggest declines are in energy and tech. some health care doing very well. mastercard is rising. there are some believers in this market. tesla getting a bit of a boost after it briefly dipped below $1 trillion in market value. the eye-catching number is inflation. the cpi print posing the biggest annual gain since 1990. we have been talking a lot about the fed's level about this inflation number and whether or not it is transitory and w

with amanda lang.les are any guide, it may take more than two years to return to normal levels. that is the conclusion of an analysis from one firm. although container shipping rates have decreased from rector rates -- record rates, ocean freight is still up 300% from one year ago levels. amanda, this hurts any consumer who is currently thinking about shipping a car back to berlin from new york, will pay through the teeth to get that into a container, and it will take so long to come into port. amanda: it's important to consider how these stories personally affect you. that is how i mostly interested in these stories, how these stories represent matt miller, but you are representative of many people. you are doing that right now, so you are stuck with these freight rates. you cannot do this in two years. but if it does last two years, what is the fed thinking, what is transitory about a two-year return to previous rates? matt: although, i will point out, i only pay about $140 a month for my parking spo

with amanda lang.record 80 $.5 billion in sales and may serve as an indication on what holiday shopping will look like here this season. joining us now is ann berry, chief investment officer at wheelhouse, who is dedicated to growing consumer categories. we were just talking with aarti kapoor of vng, and she says the consumer is in a good place right now but inflation is starting to pop up. is that a concern for you, for consumers? ann: it is not a concern now because this holiday has a particular flavor to it that mitigates any concerns about patient. saving rates are high, the national retail federation is showing significant growth in purchases because of the every openings we are seeing. we are seeing growth in clothing, out of home wear, certain items used outside as people go to outdoor activities once more. we will see real demand in this post-covid environment in these holidays numbers. amanda: where does the concern about supply chain, shipping, schedules fit in? we have been born there will b

for amanda lang, i am matt miller. bloomberg. ♪ >> i mark crumpton with bloomberg's first word news. president put in says russia has succeeded in raising the threat over ukraine that must keep the u.s. and its allies on edge. on recent weeks, the u.s. warned its european allies that russia may be planning an invasion of ukraine, citing a buildup of troops and tanks on the border. russia denies any aggressive intentions. bloomberg has learned the u.s. will pay billions of dollars for an order of 10 million doses of the experiment took over 19 pill beginning later this we're -- covid-19 pill beginning later this year. pfizer has already applied for emergency use authorization. americans will be able to tax -- text 988 to

for matt miller, i'm amanda lang.s. ♪ mark: i'm mark crumpton with bloomberg's first word news. house speaker is sounding optimistic that the chamber will approve president biden's social spending agenda and his infrastructure built. infrastructure bill -- infrastructure bill. speaker pelosi shined away from giving exact timing for the votes, although much of the bill has been written, there was last-minute wrangling over a plan to raise the limit on deductions for state and local taxes and on immigration. shares of moderna are falling. the company lowered its estimate for the 2021 coronavirus vaccine sales. moderna is vying with pfizer and biontech in a race to lock in orders for booster shots for next year. the logjam of u.s. airports -- imports stacked on ships off the coast of los angeles is not just getting longer, it is getting wider.

for amanda lang, i'm matt miller.omberg. ♪ mark: i'm mark crumpton with bloomberg first word news. president biden says the united states is ready to be a leader again in the fight against climate change. addressing the u.n. climate summit in glascow, scotland, the president said his administration is working hard to show the u.s. climate commitment is action, not words. the statement comes despite discord in the u.s. concerning his ambition to steer billions in taxpayer dollars toward renewable energy. the grease prime minister - -greece prime minister talked about what leaders of the climate summit need to do to solve the problem. he says the number one priority is saving lives. >> what we see is fires are becoming much more intense, difficult to contain. we know this is a direct consequence of climate change, we know we need to do more to manage our forces better. as a european union, we need to do more to strengthen our overall protection.

i'm amanda lange, with alix steel.s we have been reporting, the surge of coronavirus cases has sent austria back into lockdown. germany, debating a similar move. the rise in cases is sparking anxiety. what will it do to travel? adam sachs is the founder of travel economics. great to have you with us. we have to keep this in the context of what has been a reasonably healthy rebound. people were willing -- were willing to travel again, even in the face of continued cases. it is your expectation about what the situation in europe might do to that data? adam: it is a setback, but i don't think it is a significant one. what we have seen increasingly is that travelers are more and more resilient. of course, a big part of that is vaccinations and the confidence that has produced among travelers. i don't see the rise in cases creating a major setback for travelers' willingness to travel. the policies that have been put in place are -- i think it will be short-lived. the one in austria is going to be a maximum of 20 days. those

i'm amanda lang.o bloomberg markets. caroline: i'm caroline hyde. we welcome our bloomberg and bnn bloomberg audiences. here are the top stories we are following for you from around the world. the doors are officially open in the u.s. for international tourists. we will speak with jay ll hotel and hospitality on where travelers are going. as the economy reopens, the fed is addressing the uneven recovery and challenges faced by women and people of color through the pandemic. and family feud on hold. after one of canada's biggest corporate board showdowns, edward rogers regain control of rogers communication, but if you cost him everything in the end. dramatic. amanda: it is. the stock is certainly gaining today in reaction to that. we are seeing gains across the major averages, getting close to records, and record runs for stocks after a strong earnings season. now the question is what companies can do for a repeat. continuing to see this internal conversation between investors and the strength of dema

amanda: this is bloomberg markets, i amanda lange with matt miller. listening to some of the leaders at the fourth annual bloomberg new economy forum, talking about the supply constraints that have hit economies right around the world. automakers front and center in that. they have seen their fair share of supply pressures. after all of those pressures and delays, nissan is announcing its u.s. customers are one step closer to getting their hands on a new 2023 ariya electric crossover. live with us now is senior vp mike colleran. mike: great to be here, think you for having me. amanda: any to start there, obviously supply chain pressures are real. you are no stranger to those. how does it affect your plans for this new vehicle? i optimistic you can work through anything you may find? i think just lost mike there -- we lost your shot for a second. on that supply chain, how does that affect the rollout plans? mike: for the ariya, it does not affect the plans. the supply chain issues faced the entire industry, we are facing them on a day-to-day basis in a

for matt miller, i'm amanda lang.loomberg. ♪ >> advisors to the centers for disease control and prevention are meeting today to discuss giving the pfizer biontech coronavirus vaccine to children ages five to 11 years old. they are expected to recommend moving forward. the food and drug administration has already authorized the two shot regimen. the biden administration says it has enough of the pfizer biontech vaccine for all 28 million children in this age group. today's election for governor of virginia offered the clearest picture yet of how much momentum republicans will have in the 2022 vote for congress. gop candidate -- one gop candidate is backed by donald trump. the second candidate is betting the president's legacy will turn out echo credit voters -- turnout democratic voters. the belgian prime minister said europe was leading the way on climate initiativ

amanda: high, i'm amanda lange.elcome to our bloomberg and bnn bloomberg audiences everyday at this hour. here are the top stories we are following from around the world. meme stocks slipping after concerns evaluation, we will speak to joe mobley on the --joe moglia: on the outlook of the evolving investor community with concerns about inflation continuing and the future of the fed to hanging in the balance. we will speak to the chief economic advisor at green capitol about whether powell's fate is sealed and a new future for general electric. beginning a new chapter in their history, splitting into three companies. all of that and more, coming up. that's one industrial name standing out today, ge moving higher with weakness across the broad markets in record levels in the s&p snapping that long winning streak that they have been on. at least for today. financials is a weak spot with a yield on the 10 year in part to blame. we are continuing to watch it drag its way lower with some stocks getting huge moves, paypal

amanda: this is amanda lang.ing a lot of high price commodities, some that come off record levels. not for wheat, though. soggy fields in australia continue to stoke some global supply concerns. it's the latest example, of course, of high prices. this one is really hanging on. rain in australia is one culprit. the massive floods in b.c. is another factor here. extreme weather is the underpinning theme, though? . kailey: climate change, also, is a serious issue for a lot of farmers and agriculture producers out there. let's get more on this and talk with angie setzer. founder and partner providing consulting for the agriculture space. is it so much the supply chain, logistics that they are dealing with or in the agriculture space it has a lot more to do with climate and weather-related events? angie: a combination of both. it's important to understand what's taking in the agriculture space and futures market. not only are we dealing with certain supply chain issues or disruptions in supply, you know, we've seen ru

for matt miller, i'm amanda lang.s is bloomberg. ♪ ♪ >> this is gets the close. -- this is bloomberg markets the toes. -- bloomberg markets the close. >> this is bloomberg markets. better-than-expected jobs report keeping and i on commodities. we've got you covered. a promising breakthrough, rolling back to life, pfizer ceo joining us next. you not want to miss it.

amanda: i'm amanda lang. come to bloomberg markets. alix: i'm alix steel. we welcome our bloomberg audiences. here is some stories we are following for you. in just a few moments we will be speaking to tim draper. he will discuss the state of the startups, and of course the market for digital currency. we will be covering the latest out of the electric vehicle market, with x shore, which has been betting on the boating market. certain stocks are tumbling today as they are afflicted -- affected by supply-chain bottlenecks. amanda? amanda: that is just one example of a company that is moving up -- moving pretty sharply on individual news. probably the markets are quiet. there was some bullish news from the commerce department on the help of -- on the health of the consumer and jobless claims data. both of those would bolster the case that the demand side remains strong. we are seeing real estate and energy as the two groups leading, but today you are getting participation from big tech names. autodesk certainly one that jumps out. one going the other directio

. ♪ amanda: i'm amanda lang. come to bloomberg markets. alix: i'm alix steel.our bloomberg audiences. here is some stories we are following for you. in just a few moments we will be speaking to tim draper. he will discuss the state of the startups, and of course the market for digital currency. we will be covering the latest out of the electric vehicle market, with x shore, which has been betting on the boating market. certain stocks are tumbling today as they are afflicted -- affected by supply-chain bottlenecks. amanda? amanda: that is just one example of a company that is moving up -- moving pretty sharply on individual news. probably the markets are quiet. there was some bullish news