for amanda lang, i'm matt miller. this is bloomberg. ♪ mark: but word is.nited states supreme court ruled texas abortion a biters -- providers can sue but allowing the law to remain in effect. the fifth u.s. circuit appeals has twice voted to allow enforcement of the ban and would renew the decision. the u.s. chamber of commerce is against bidens build back better plan. the business lobby released its statement after the consumer price index came out saying that congress should not add any more fuel to the inflationary fire. meanwhile, a group of 56 economists signed a letter urging lawmakers to act quickly saying it would cut cost for childcare, health care, and education. the u.s. senate has passed legislation creating a fast-track to raising the nation's debt ceiling and avoiding a default. that gives the democratic majority

for matt miller, i'm amanda lang. . stay with us.k: the latest jobs report offered a mixed picture. president biden says the economy continues a strong rebound from the pandemic. >> looking at the sharpest recovery ever. america is back to work. mark: only 210,000 jobs were created in november, less than half of the estimate. the government survey of employers showed hiring slowed across industries. the households surveyed showed employment surged by 1.1 million. the president said he is coordinating allies in europe to make it very difficult for vladimir putin to continue -- consider attacking ukraine. russian officials are planning a call between the leaders in the coming days.

i'm amanda lang. with matt miller. companies saying they will delay a return to the office. deutsche bank is said to significantly reduce the number of staff working in london starting monday. natwest has moved to more flexible working hours. this is partly in response to what is happening in the u.k. the question would be, do we see this elsewhere? omicron is a concern and numbers are creeping up across north america. matt: the deutsche bank and natwest news is not that concerning, since the prime minister of great britain asked people to work from home. they will be doing that in the u.k. the jeffries thing is interesting. rich handler said a number of employees started getting covid, and suddenly they had 50 people -- this is not a bank of america sized staff. all of a sudden they had 50 people quarantining. he is sending people home until the end of the month. lyft is going to send workers home, say that you can stay home until 2023. who knows what will happen then. that is so far away, economists cannot even or ca

i'm amanda lang. breaking news.rting the first confirmed case of the omicron variant in the united states reportedly in california. robert langreth is with us. we are seeing a reaction in markets although this seems sort of obvious given that we know there is likely to have been the presence of this variant in many countries. >> this isn't a surprise at all. everyone was expecting this to happen. we have lots of travelers coming in from lots of countries. it's absolutely expected we are going to get some cases. this is a mild case in a fully vaccinated person. we don't know whole yacht -- a whole lot yet. this is not surprising at all. matt: me break-in. i don't want to big floyd you. dr. fauci is speaking at the white house and i want to listen in. >> we know what we need to do to protect people, get vaccinated if you are not already vaccinated. get boosted if you've been vaccinated for more than six months with an mrna or two months with j&j and all the other things we've been talking about about getting your chil

. >> i am greg pennell in for amanda lang. >> i am romaine bostick in for matt miller. we welcome in our bloomberg audience. here are the stories we are following, volatility gripping markets once again, traders taking a more cautious attitude after that fed pivot. we will discuss the outlook for the market. theranos founder elizabeth holmes facing up to 20 years in prison. closing arguments are expected to conclude today. spider-man saved a lot of people, but can he save the theater business? talk right now is how many people will pay to see this thing in the theaters. greg: people are anxious to live in the world despite what we are seeing with the omicron variant, and that is a big thing for investors. a bit of a mixed picture -- picture on wall street. it seems on wednesday we were happy with the tough medicine that jerome powell gave us. we are more worried about inflation than we are about the pandemic or omicron variant. we think the economy can get through this challenge. there are concerns from that point. we know some of the biggest cities in the world, the br

amanda: i'm amanda lange. welcome to bloomberg markets. matt: welcome to our bloomberg audience.are these top stories we are following from around the world. as the fed decision comes closer, more pressure mounts to tighten monetary policy as consumers continue to deal with rising inflation. we will discuss what to expect on wednesday -- we will discuss today, what you should expect on wednesday. the demand for booster shots surges as the omicron variant continues to spread. more workers are being told to stay home or go back home. and we will dig into why harley davidson hit the highest level in terms of its stock in 13 months as it tries to race into the electric future. amanda: i can't believe you didn't say high on the hog there. we are certainly not high on the markets today. we've got declines across the board -- the nasdaq leading the way and that shows up on the broad s&p 500. i want to show you one chart that tells the story when you talk about valuations over the long-term. you can find this on your bloomberg -- this is the price to earnings ratio showing that when it c

matt miller, amanda lang, thanks for watching.finity xfi, you have peace of mind built in at no extra cost. advanced security helps keep your family protected online. pause wifi whenever for ultimate control with the xfinity app. and family-safe browsing gives parents one less thing to worry about. security, control and peace of mind. with xfinity xfi, it's all built in at no extra cost. mark: i'm mark crumpton with bloomberg's first word news. top u.s. infectious disease expert dr. anthony fauci says the biden administration is considering the implications of its covid-19 strategy. during a world health organization led broadcast today, they said they considered ethics. new york city says it will require residents fully to be fully vaccinated to participate in certain events. it would require at least one dose. new york city has seen a post thanks giving rise in covid-19 infections as well as its first documented cases of the omicron variant. myanmar's military regime today reduced a jail term to two years after a special court f

for amanda lang, i matt miller. this is bloomberg. ♪ mark: i am mark crumpton.en how they secure video call with vladimir putin. the white house says mr. biden voiced concerns of the united states and eu allies about russia's escalation of forces in ukraine and said it would be strong economic and other measures in the event of military escalation. the leaders were also said to have discussed the ransomware and joint work on regional issues such as iran. european commission president reiterated the eu is ready to wrap up efforts to counter any further aggression from russia against ukraine. bloomberg reports the block in the u.s. are wing sanctions against russia should president putin invade ukraine. >> the european union will respond appropriately to any further aggressions. including breaches of international law and any other malicious actions. taken against us or our neighbors in ukraine. mark: she

for a laing, i'm matt miller -- four amanda lang, i'm matt miller.rg markets. ♪ >> here in new york. this is bloomberg markets the close. the stock rally cooling a little bit on this wednesday afternoon. a breather after the biggest -- stopping by to discuss where opportunity and risk remains. plus, sir richard charles branson is here. and some of the biggest names in crypto testify on capitol hill, advisory service. here to talk regulations

. ♪ amanda: i'm amanda lang. welcome to bloomberg markets. matt: i'm matt miller.ome both our bloomberg and bnn bloomberg audiences. here are the top stories we are following for you from around the world. opec-plus sticks to the plan after much debate. the group plans to proceed with its output increase, but also leaves the door open to revisit the decision as the omicron variant continues to spread. polestar also sticking with its plan of going public as pressure mounts on companies tied to china. we will speak to the ceo of the company that has strong ties to volvo. and goldman sachs executives push for a boost in their pay as bank leaders look to keep up with the ultra-wealthy. all that and more, coming up. amanda: the story of the markets is one of a bounce back, buy the dip, call it what you like. financials are definitely in the leadership role. industrials are strong as well. we see the groups making up the tech stock as the weakest in the s&p 500. still in positive territory. most interesting of all is the fact that apple is trading well off of its lows of