annmarie joins us in washington. let's go there. situation going through the suez canal currently? annmarie: incredibly tricky now that they pulled this transport through the red sea because now they will have to use more takers that will have to go around the horn of africa. the fact that they did this, the fact that this is going to create more issues for their supply chains, more issues for their fuel consumption, you have to imagine that they are very concerned. now, the biden administration is of course weighing what they could do when it comes to these attacks. do they directly go after the houthis? one source is talking that within the biden administration, there is debate about getting involved in a longer-term protracted houthi potential conflict. there is talk about a maritime consortium in the red sea. we have seen a lot of diplomacy within the region. the president's national was just in the uae. we also have today lloyd austin in the region, and he will be going to israel. there is a lot of discussions from the white ho

annmarie: the white house is standing on the sidelines.e are many phone calls between the white and senators but casting a wide enough net, cuban likely get more republicans to vote for ukraine aid and maybe progresses will vote for israel aid if there is ukraine and taiwan and if there is this border security. the issue and border security isn't the funds to help. it really has to come down to the laws. asylum laws and that's where the sticking point is. guy: amh, thank you very much indeed on what is a critical subject to the europeans as they look to deliver extra funding which is part of this narrative as well. let's take a look at the european markets as we head into the close. 75-77 is the record high and we are not taking it out. we are nearly there in the italian and the german market have recently taken fresh highs with the german market coming through with the luxury stocks not quite getting there. let's talk about the single stocks we've been watching. this is the german story. the momentum story on thersi for the dax is fascina

annmarie: i don't know if he is alone. to also see stricter border policy. -- keep will -- p -- he will want to see stricter border policy. the white house put out a statement talking about the fact there is not a pot of money at the end of the year, it all dries up. it'd that since his colleagues have not heeded his advice just yet. -- in that sense his colleagues about heeded his device just yet. this bleeds into february. jonathan: let's talk about december before we get to february. january and february will be ugly in washington. i want to go back to the whisper number. 175,000. climbing through the month of december. lisa: just to show that early in december they were talking about 150 and they have been edging at higher highlights how much people have been surprised by continuing strength. we talk about bad news is bad news. so far we've gotten good dues and it is treated as good news. that is what we have heard from some people who say treat news on face value. jonathan: can i imagine if you turned into the show af

annmarie: not at the moment.get in it would be incredibly challenging at this stage in the game. they would've missed the filing deadlines on a number of key states. potentially if things do not look good for him in the summer. i think this is -- some people hoping for something new in the democratic party but at the moment joe biden is set to be their candidate in november of 2024. jonathan: thank you for the update. let's build on that. the calendar, the one thing on his side is the calendar. we have another year to go. lisa: so far this has been more of a proxy. on how people are feeling now and their anger towards the inflation and specific issues with president biden. donald trump has not been in the news. he has sort of been the other guy. it's not necessarily the polls don't show there is an incredible amount of enthusiasm. there is a lack of enthusiasm for biden which raises the question is the operating in the same way biden did to win the presidency by simply being i'm not the other guy rather than runn

annmarie: this administration as well as the democratic party.omeone yesterday on cnn in the state of the union saying we cannot have hierarchies when it comes to crimes, when it comes to warfare. this can be a problem for the president. i think it is why you see a tougher tone. it started with secretary of state antony blinken's third visit to tel aviv. we heard from lloyd austin over the weekend and vice president kamala harris. within the democratic party in congress, there are those that want to put strings attached to israeli aid. within the administration, you are seeing leaked reports and cables out of the state department that they do not agree with the administration's full throttle support of israel as the civilian toll of palestinians is north of 15,000. jonathan: thank you, i appreciate it. the arguments you will see on two fronts, israel and ukraine, they will be huge over the new year. tom: mike on twitter nails this. i mentioned yemeni drones and he says, be careful, it is not yemeni drones, it is who see -- is houthi arms, but it

annmarie: great question. kirby talk about this because for ukraine, they would need something to be done before january and it starts to become a dire situation. those funds that the president can draw down on are joined to link. we do not have a vote yet in the senate. the senate is working on a package that would encompass all the foreign policy concerns, but it would have to also include something on the u.s. southern border. the thinking here is the way you can get more individuals in congress to sign up for aid to ukraine is to make sure there is work being done and aid sent to the southern border. but the timeline is tricky. the biggest story for congress today is going to be whether or not they expel george santos, the representative from new york's third district. but they do not have a lot of time left. if this lingers into early next year, it could be quite problematic. the other big debate when it comes to israel and congress is whether they want conditions attached to that aid the president asked

jonathan: this is more of a question for annmarie hordern them for us.he believes he is the only guy in this party that can take on the former president in a head to head, what have we not seen more outreach to the people that voted for the people that -- to the people that voted for the former president? why refer to them as ultra maga? jamie dimon talked about that, that is unhelpful. lisa: take that a step further. why is there not outreach to people he categorizes as ultra-maga, why not reach for people in the middle? way is not catering to french people in his party? think about what they are dealing with with border control and some of his hesitation to back certain measures because of concerns about angering certain constituents? there is not a sense of what is his ideological driver apart from wherever the wind is blowing. jonathan: why not use different rhetoric? ivory. -- i agree. on capitol hill later, ceos of wall street's biggest banks hitting capitol hill. jp morgan's ceo warning of tighter capital requirements leading to higher costs for c

kailey: that was virginia governor glenn youngkin speaking to annmarie hordern an exclusive interviewure wars and scrutiny on antisemitism college campuses are reverberating throughout the collegiate and financial industry. joining us now for more issonali basak. you seen the president of penn resign over the weekend. how much pressure is now on harvard? sonali: not only did you see her but you see the board chair stepping down from pan. when you look at harvard and m.i.t., you have congress itself and the representative who led a lot of that tough questioning of the university presidents, saying one down, to to go and calling for the removal of the other two presidents as well. you also had a nearly 2000 word letter from bill ackman to the harvard governing board that he believes that clotting gay has done more to damage the reputation of harvard than any other individual in their 500 year history. you have alumni putting on the pressure at the harvard board so a lot of pressure there from congress and alumni. guy: how much support on campus doesgray have? sonali: what's interesting

annmarie: partly in kamala harris's interest.he's potentially waving the flag within the administration also last night some members of the staff, whether this is the executive office building, but staffers to this administration were outside the white house protesting president biden's policy when it comes to israel. people from the administration, progressives on the left think they have gone too far when you see the palestinian death toll north of 17,000 people. >> we have a sense there was division privately. now starting to see that publicly in a more material way. tom: the political reality of the fed babble of yesterday, the shock of it in the latest showing. what this means for the elites and people with assets which is a smaller part of america. the answer is on the others if it to get elected is the agony of inflation. the new inflation to come. that's what people care about. it is a dozen eggs popping back to five dollars. >> thank you you. throughout the morning on bloomberg tv and on radio. renaissance macro and why

it is some of his exclusive conversation with annmarie hordern. >> the most pressing issues today areof economic confidence, and really the tenant is of rising cost-of-living. it's clear over the course of now the last three years of the biden economy, we have seen inflation really run away from a lot of folks. 60% of americans are living paycheck-to-paycheck. i hear it. i think our next year or two of national economic opportunity will be defined by a lot of these important issues. one, what is happening internationally. we have more black swan risk internationally than we have seen in a long time -- war in israel, for in ukraine, saber-rattling like we have never seen with china towards taiwan. we are seeing massive, massive challenges with regards to national security around the border and how we handle this just absolute crisis and drug flow and illegal immigration. how we are responding to the pressure it is placing on our cities. and yes, we are seeing interest rate that, while i believe the market is hoping that these come down next year, hope is not a strategy. in fact, there

annmarie: we have a monthly poll that focuses on seven swing states. at the electoral map leases where elections are won and lost. you will see campaign effort to president biden. also when it comes to the former president who right now has to get through the republican primary even though he is by far out ahead of all of the other potential candidates. you look at the des moines register, 51% of likely caucus-goers are going to vote for him and that's his first choice. this is the highest they've seen in that particular poll but over the weekend he was in new york talking about his comment of wanting to be a dictator on day one. potentially he will have more work to do. but that will start to come into focus more so next year. >> what's interesting to me and this is off the article. greg is absolutely encyclopedic of this. the idea of county by county what does the president to get out the vote. everyone understands biden has a redux of 2020. how does he do that when greg -- with this county by county study. annmarie: they will be sending out a number

coming up as well annmarie hordern in washington. tom keene from the offices of apollo global management. good morning. ♪ what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >> is this going to change how you approach u.s. politics, you -- who you would endorse for 2024? >> it's not going to change. >> do you have a favorite candidate? >> it's hard to believe or 350 million people we are down to two. >> are you disappointed? >> personally i'm disappointed. >> mark rowen, apollo ceo with a non-answer joining on the presidential election coming up. a really important conversation not only on the work here, his vision for apollo global management but also a very delegate conversation on the antisemitism we are seeing at the university o

annmarie: i do not see those republicans voting for biden even if they are not a fan of trump.ust said i'm not endorsing anyone until the virginia delegates make their decision. he is very smooth and trying to answer these questions because some of that buzz has evaporated given the fact he did not flip virginia red but individuals especially donors really see him as the future of this party. what we are seeing in the republican party is they are about to nominate a man who is going to be older than joe biden was on his inauguration day who lost the 2020 election and they will see a generation of republican executive talent pushed to the side. glenn youngkin is term limited, mitt romney is leaving the senate. people in high-value leadership positions who can do these jobs are leaving. it remains to be seen what happens end of trump or two when he is only one term. this sets up a wide field for 2020 anyone willing to stick around. lisa: there's a question how wide the field is on the democrat side. an increasing number of polls show -- how much sweat is there in the white house

annmarie hordern is standing by. >> he is walking out of the chamber.e grabbed his coat, said to one of our colleagues standing there that it is over, the house just set a dangerous precedent for themselves. going into this vote, it was up in the air, a coin toss. speaker johnson come out and said he would not vote to expel him. in the past, the speaker talked about his concern about the precedent that would set but also the fact that this now leaves him with an even slimmer majority. they can only afford to lose now three votes if every member is present and it is a party-line vote. this is a seat that is lost for the republicans, but i have to say for new york republicans, this is a sigh of relief. all of the news surrounding george santos, all of these allegations and the fraud allegations that are surrounding this individual, has bled into the coverage in their districts. it has been quite harmful for them as they look for the election. for them, it is a sigh of relief. this individual is a historic moment. before this, only five people have been ex

annmarie: rishaad: rishaad: thank you so much for joining us , so you reassure a, former bank of japanember. we will look at the impact of the like of movement -- lack of movement from the bank of japan. we also have india, the best performance in three years, benchmark up over 12%, record highs. we will discuss if this rally has legs in 2024. this is bloomberg. ♪ rishaad: let's look at the energy complex. we've got a bit of a move to the upside in the last 24 hours. in fact, more at that, looking at oil prices. wti down a fraction. brent crude up. just to tell you the same time, we've had 1.5 percent move to the upside in the last 24 hours. oil still down 4.5% since the start of december. the recent move is partly down with with happening in the red sea or the u.s. and ellis have agreed to create a naval task force to counter attacks on ships near to the suez canal. shipping activity is slowing. we have this violence linked to the israel-hamas war. u.s. defense secretary lloyd austin spoke before that announcement. >> these attacks are reckless, dangerous, and they violate internation

annmarie: a massive frustration.at an incredible labor market, under 4% unemployment rate for 22 months now. what you have is poll after poll showing especially swing state voters prefered donald trump over president biden's policies.. if you look at the pol lster, it is almost 2:1 in swing states they don't like biden omics.this is why he always pivots that he understands american families are still struggling. the fact that you have everything when it comes to economic data now colored by the fact that when it comes to pre-pandemic to now, a household is spending 600 to $700 more on basic goods. but the latest inflation report, we are seeing things have really dogged this administration, like gasoline, are coming down handsomely. you have gas prices just above $3 a gallon. the timeline provide and potentially going into november could be on his side. jonathan: thank you on the latest. more to come through this morning. distracted by an email.tipping season . 15% of u.s. adults increase how much they tip this holida