tom: with bloomberg news in new york, your is ritika gupta. ritika: how's prosecutors have concluded the case in president trump's impeachment trial. they say they have proven the president incited insurrection caret trump's lawyers will present their own case today. they will include video presentations, perhaps an attempt to counter the prepping video how's prosecutors showed. i house committee has approved $1400 payment to millions of americans. those checks will be part of president biden's $1.9 trillion coronavirus relief package. the plan also okayed tax credits to children. that will be mailed out on a monthly basis. the u.s. has wrapped up deals for 200 million additional vaccine doses from pfizer and moderna. president biden says that would give the government enough vaccine supplied to inoculate all americans. the delivery date has been moved up to the end of july. the pay and the eu are still locked in this -- the u.k. and the eu are still locked in a standoff over northern ireland. the brexit deal cap northern ireland in the custom

bloomberg news. sarah is the author.you for being with us. >> thank you for having me. ♪♪ >> you are watching book tv on c-span2 every weekend with the latest nonfiction books and authors. book tv on c-span2 created by americans cable television company. today brought to you by these television companies to provide tv to viewers as a public service. ♪♪ >> is a look at the -- not a memoir this spring. the book titled beautiful things, published by gallery books and in print of simon & schuster focused on substance abuse issues. the loss of his mother, sister and brother. new york times reports carol jen, the widow of christopher hitchens has asked people participate in a planned biography by first-time author, he the life and times of christopher hitchens being published by ww horton. editor in chief of norton descended the project by saying i was impressed by the framing of stephen's proposal for a book on hitchens. his plans for researching it, the cultural issues and the way some of the issues were thrown about and res

one we just mentioned, bloomberg news reporting late tuesday the company's cfo was pushed out over a trategy. ryan cohen is there as well. amc shares -- on wednesday, too. that's it for this edition of bloomberg markets. up next, we'll get over to dubai and its day break middle east next. eak middle east next.

now let's get straight to the bloomberg first word news.ika: house democrats spent three days trying to show why donald trump should be convicted over the storming of the u.s. capitol. now it is time for trump's lawyers to make his case. they say they will need only four hours or less. one of the former president's lawyers dismissed the democrats video heavy presentation. he accused them of using it for entertainment value. u.s. -- has plunged about 16% this month, now the lowest level since mid-november. arizona, new mexico, utah, and california led the decline but hospitalizations in new york rose 6%. donald trump reportedly was sicker with the coronavirus than anyone publicly acknowledged at the time. according to the new york times it was so bad officials believe the former president we need to be put on a ventilator. he was said to have had low load oxygen levels and a lung problem associated with pneumonia. president biden's victory is leading to consequences for wall street. regulators are scrapping a trump era policy that critics sa

joining us now, jennifer jacobs from bloomberg news.aking the time to be here. >> thanks, rachel. >> so, a significant swath of the country, i think it's fair to say, is pretty riveted by the impeachment managers' presentation their side of the argument. how are things going on the other side and how does the president feel about his defense and how it's shaping up? >> i can tell you, they are riveted as well. i know for a fact, just from talking to my sources today, that his allies, the president and his allies have been watching the live coverage. trump is, of course, watching from his private quarters at mar-a-lago. he has a very small crew around him, including just a few advisers, including dan scavino and brian jack, who is down there, i know. he has been watching. i know he has grown increasingly aggravated, as things have gone on. of course, today was all about the house managers building their case against trump, and there was less of a focus, of course, on the president's defense. and i know that he had some conversations toda

from new york and london, this is bloomberg. ♪ joe: -- caroline: let's get you up to speed with the latestaking news over apple. it was holding talks with the likes of hyundai and kia, but the talks paused recently, we understand. we also understand they are discussing similar plans with other manufacturers. help to break us all down -- here to help us break it down is ed ludlow. are they working towards it more in the longer term? ed: that's part of the issue. we don't know when the talks will be revived or if they were revived, what it would lead to. according to sources, not only are talks on pause, but apple is talking with other manufacturers about a partnership as well. if there is one lesson in covering this beat, making prototypes is very easy and mass-producing electric vehicles, especially sophisticate one with self-driving capabilities, is very hard. the latest is those talks have been put on pause. one of the difficulties is within the hyundai group, it is not clear if it should be hyundai motors that is pursuing this with apple or the kia brand specifically. that is one of the

new and permanent cfo to help the company. we will be back in a minute. this is bloomberg. ♪ ♪ romaine: all right, joe. ably one of the biggest news events was churchill capital. the big spac finally in green. sthe stock intro to has rallied above 470% the past few months. joe: it is kind of wild. people got so used to buying some of these spacs, then they announced a deal with a car company you may have or may not have heard of, then they had a rally. it didn't work out at least for some motors of george hill capital which will merge -- churchill capital, which will merge with lucid motors. look at that, ugly. a messy looking chart there. caroline: and to tie it in a bowl, we were talking about gamestop and their cfo moving. these new spacs are bringing in retail investors. and they are the ones left carrying the bag when the shares fall. romaine: we should tie it up with joe tie, a very colorful ties. [laughter] joe: from you, that is a high compliment. from san francisco, bloomberg ed ludlow spoke earlier with the lucid ceo. a weird and wild story. all kinds of moving parts. for our audience, what yo

new york, 10:30 a.m. in london, and this is bloomberg. ♪ want to save hundreds on your wireless bill? th xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. tom: bloomberg surveillance, good morning, everyone. lots going on. we are covering the rollover of silver, the rollover of gamestop as well. we have been talking with james bevan about that. right now, onto a more adult discussion. alphabet and equality of blue-chip stocks. it comes in a cardboard box, but at some point it is going to end. the last 10 years, amazon, total return 34% for the year. james bevan, so much of the acquisition of cash flow, the acquisition of growth is the timeline of a product that will never end. whether it is toothpaste, whether it is stuff in

new year. south korea's potential next president seeks that speaks exclusively to bloomberg. relations with japan and hopes for the new administration in washington. anchor 1: let's take a look at how we are faring. what are you watching? >> we are watching miners? , the presiding iron or giant missing estimates in the fourth quarter. we are seeing names like bhp fluctuating this morning. also keeping an eye on agl energy after it booked its first-half charge. broadly speaking little changed at the start of the staggered open. check out what is going on with aussie bombs. the 10 years are rising for a fifth straight day, climbing above 1.2%, the highest level since march. curve steepening ahead of us billion trade data that is due for december. elsewhere, heavy earnings for japan. pharma and entity data reporting along with japanese banks. nikkei futures in chicago opening, little change. this is after u.s. stocks capped a three-day gain. it did peter out into the close as amazon tumbled. qualcomm tumbled. the commodities, crude, wti at the 56 level here, this after opec-plus

for more, let's welcome bloomberg news cross asset reporter sarah ponczek.arah: this is something we were paying attention to before gamestop stole the pot -- stole the spotlight. in january, we wrote stories about the zoom in penny stock trading. -- the boom in penny stock trading. december was when we saw more than one million, and we saw greater volume off exchanges than on exchanges, which is very, very rare. even the games -- the gamestop saga that has gotten all the attention, you look at otc volume in january and it was very much alive and well. we saw over one trillion shares trade hands once again. and it was more volume than we saw even in december. that continues to grow. and even on a day like today where you see the chart of gamestop, it is absolutely stunning, the fall we have seen, -- we have seen, about $500 a share in the 50 dollars a share, but the penny stock carol baskin touted weeks ago, today at a new high. 32% or so to $1.50 per share. caroline: amazing carol baskin still wields a little power. but what about reddit, what about social

. >> this is "bloomberg surveillance." jonathan: from new york city for our audience worldwide, this is "bloomberg surveillance." alongside tom keene and lisa abramowicz, i'm jonathan ferro. equities pushing higher, we are up one third of 1%. chairman powell has a message for president biden, could i have another term please? that's what it sounded like. tom: we have to see. he makes it clear he likes his job. four bodies that need to replace at the fed. you know the president will be very sensitive to his constituency. one thing about powell is -- i just had a thought popped into my head, could you see lawrence summers as the chairman of the fed? jonathan: i think former president barack obama won saw that and got some pushback. tom: let's stop the show on radio and tv, michael mckee last question to professor summers? jonathan: i think it's more likely that michael mckee gets the fed chair than larry summers. i'm sure mr. summers would be very upset about that. yields lower. a break of 1% on two year yields. tom: this is math. there's some

general tedros and former new york city mayor michael bloomberg, who serves as w.h.o.'obal ambassador for noncommunicable diseases. i should note that i used to work at bloomberg news before joining nbc. we talked about the w.h.o.'s response to the pandemic, getting the vaccines out now globally and what a path back to normal life might actually look like. mike, over the course of the last year, johns hopkins, bloomberg school of public health, in some ways in terms of data collection and tracking, you have almost taken the place of the cdc. did you predict it would be this bad? >> i don't know that -- number one, nobody knew. it always had the potential, and unfortunately, we did not respond the way we should have. people should have all put on masks. most people did not. and that's the first thing. a mask was, you could argue, more important than a vaccine. and people didn't do it. so a lot of people got sick and a lot of people died. my barber gave me a haircut. three days later into the hospital, came out in a box ten days later. this is a serious virus, and nobody

from new york, this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. biden raising a number of concerns in his first phone call as president with chinese leader xi jinping. according to the white house account, the president spoke about china's coercive and unfair economic practices. he also brought up human rights abuses and restrictions on political freedom in hong kong. house democrats are building a case against donald trump using his own words, and chilling new video of the storming of the u.s. capitol as lawmakers escaped. they laid out their case during opening arguments as the impeachment trail in the senate. one of those arguments, that the former president tried to stoke down about the election months in advance. in japan, former prime minister yashiro mori will reportedly resign as the head of the olympic committee in japan after comments that adding women to the board of the committee would lead to more talking. disney faces a high bar when it reports quarterly earnings after markets closed today. the company is writing a wave of enthusiasm

>> this is "bloomberg surveillance." jon: from new york city, good morning, this is "bloomberg surveillance," live on bloomberg television alongside tom keene, lisa abramowicz, and i am jonathan ferro. the s&p up by .7% the comment -- the payment concentrated in the nasdaq. tom: the specular market, tesla hammered again, bitcoin down $11,000. what i'm looking at is the commodity thing. jeffrey curry coming up, interview of the morning, with goldman sachs on commodities. you look at the, that he index, another high this morning. jon: copper has been flying the last couple days. i really interesting testimony from chairman powell this morning. to the chairman edit the script a little bit given what we have seen in the last couple weeks? tom: i will leave that to michael mckee. he will parse every word of it. all stuff we do on the bloomberg terminal from our complex where we are looking across all the asset. the ozzie n -- auzzie-yen, it has moved 18 big figures off the low. that is a huge pro commodity move. jon: 11, 12, 13 percentage

this is "bloomberg technology." coming up, newsezos is stepping down as ceo of amazon reverberates through the tech industry. why now, and what will his successor andy jassy's experience mean for competitors? we have insight. plus, scott rawson, amazon's

let's get the bloomberg first word news.cial interaction has come to an abrupt halt. after an emergency cabinet meeting, the prime minister put the countries largest city, auckland into a three-day lockdown. she also reimposed social distancing for the rest of the country. england hit a milestone in vaccinations. with 15 million vaccinations. the u.k. has given at least one shot to over 25% of the adult population adding pressure to boris johnson to begin reopening the economy. the u.k. is stepping up its efforts to continue investment in renewable energy and sustainable agriculture. it is launching a green finance hub in london to provide data and analytics to financial institutions to support that investment decision. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna: thank you very much. the former european central bank president mario draghi has stressed the need for unity after being sworn in as italy'

we get the take of former fed president from new york bill dudley next. this is bloombergi think people recognize that the fed is all in. they are going to be very accommodative. the new policy regime means they are going to push inflation above 2%. people find that credible and the chair is run forcing that through his statements. essentially the fed is accomplishing its mission of keeping inflation anchored around 2%. >> former new york fed president bill dudley weighing in on the inflation debate in the united states of america. jobs data overnight showed tentative signs of a recovery in the u.s. labor market. initial jobless claims decreased by 19,000 to just over 790,000 last week, still a massive number. but any recovery in the labor market will be spurred or stalled by the success of america's vaccine drive. president joe biden announced the u.s. has finished deals for 100 million additional doses each from pfizer and moderna. so there is another example of a success in the u.s. that isn't really present in the e.u. we get back to the economist from t.s. lombard, an

more still to come from new york, this is bloomberg. >> a new study says the pfizer vaccine -- two dosese vaccine were overwhelmingly effective in almost 1.2 million people in a study from israel. meanwhile on capitol hill the democrats propose $15 an hour minimum wage. the proposal is part of president biden's one point $9 trillion coronavirus relief bill. the parliamentarian needs to find whether it would be allowable under the governing of debate. the u.k. plans to keep business taxes competitive with the other group of seven nations. bloomberg has learned that will give the chancellor the ability to raise corporation rates in a budget next week. it is already the lowest in seven nations including canada, france, germany, and japan. adam neumann reportedly will get an extra $50 million in the settlement according to dow jones. it is part of a deal that will settle a bitter dispute they are having with the japanese firm. global news, 24 hours a day on air and on bloomberg quicktake powered by 27 hundred journalists and analysts in 120 countries, i'm karina mitchell, this is bloomberg.

this is bloomberg. ♪ >> it is 1:00 p.m. in new york. am matt miller and welcome to "bloomberg markets. these are the top stories from around the world. we are following 13 apps, confirming the covid pauses over. activists are fully funded, helping and moving portfolios. what is ahead for 2021? we will ask jim rossman. the deep-freeze that has forced the shutdown of u.s. refineries, oil wells and meat plants is leaving more than 3 million customers without electricity in the u.s.. it may keep parts of texas in the dark for several days. we will give you the latest. the big coin boom continues -- bitcoin boom continues. we will talk with antoni trenchev, he predicted $50,000 for bitcoin last january when it was only trading for $7,000. we will see where he things it is heading next. a quick look at the markets. a little bit of a pullback, a pause in terms of the ride. we said yesterday the longest winning streak we had seen for global stocks in 17 years. that has come to an end. equity indexes pulling back a little bit. here is the s&p 500

bloomberg surveillance." i'm francine lacqua in london, tom keene in new york. i just saw the u.s. bond yield posting at 0.09%. this is a huge deal as cash trading is getting underway, and you wonder what comes next. tom: it dovetails with the headlines that just came out. before we get to the chart, let's go to the e.u. headlines. my first glance it at these is again like the two-year yield. they signal an institutional vet on institutional -- on inflation. francine: this goes back to the last time that the e.u. came up with forecasts, there was i guess a more optimistic picture about when we could get out of lockdowns. remember, after december where people saw that we return a little more to normal in terms of going out and businesses opening in europe, we had a second and bigger wave of lockdowns. angela merkel has not been able to reopen the economy as she wanted, and that is reflected in these e.u. figures, 2021, euro area gdp growth forecasts. we will talk a lot more about euro area gdp and also the relationship between the u.k. and the e.u. coming up shortly with maria tadeo

this is bloomberg. ♪ kailey: live from new york, i'm kailey leinz along with guy johnson. is bloomberg markets. it is time for etf friday. investors bought a record amount of money into funds. stock funds have inflows of $58 billion this week. joining us now is katie gry failed. is this more evidence of too much fraud in the equity market? >> bank of america would say so. $58 billion flowing into stocks this week, the bulk going into u.s. equities and tech stocks. if you look at the etf leaderboard, you can see that reflected. spy top with about $6 billion in inflows. a trio of arc funds which tends to be heavy. this is hitting the markets which is at all-time highs. for bank of america, that is not necessarily a good sign. they have this bowl/ -- b ull/bear indicator, and it is close to hitting a sell signal that has not been hit since 2018. there is plenty to feel good about from the vaccine rollout, solid earnings so far, but this magnitude of euphoria and inflows as bank of america saying that we could be due for a pullback. guy: what about small caps? >> leaderboard i

from new york city, this is bloomberg.ika: house democrats spent three days trying to show why donald trump should be convicted of the storming of the u.s. capitol. his lawyers will need only four hours or less. one of the lawyers did dismiss the video heavy presentation. he accused the democrats of using for entertainment value. arizona, utah, new mexico, california, and ohio led the declines. hospitalizations in new york rose 6%. the japanese prime minister has resigned as head of the tokyo olympics organizing committee. he made sexist remarks and added more trouble the tokyo games. that led to chris's and from the elliptic committee and sponsors like toyota. l'oreal is counting on a post pandemic rebound. fourth-quarter sales rose 4% after dr. downs hammered the cosmetics industry. >> the situation -- we are positive. we are optimistic and confident. we think the market, the beauty market is bouncing back. we think after a year of -8%, we will be in positive territory this month. ritika: this is when berg. -- bloomberg.

new york, 11:00 a.m. in london, and this is bloomberg. ♪ want to save hundreds on your wireless bill? th xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. francine: this is "bloomberg surveillance." i'm francine lacqua and london, tom keene off today. we were talking about the reflation trade, some of the valuation in the markets. max kettner, where do you see opportunities? max: i think at the moment things like floor caps -- i think that is still worth a trade. for example, if you look in the u.s., things like financials still make sense because they are in a better position relative to the euro zone. in the euro zone, you see the banks index have actually rallied way too much compared to some of the fundamentals. compared

bloomberg news reports talks between apple and lidar makers are ongoing.omberg has invested heavily in its own research at its own lidar technology and underlying software that powers of driving. but it is one to watch. and it is a sign apple may be actually further away from a product than we might think. taylor: bloomberg's ed ludlow, thank you for the update and happy friday. the supreme court ruled uber drivers are workers entitling them to minimum wage at holiday pay. this changes everything for the gig economy that has become more popular. for insight into what that means for uber, we are joined by dan ives from whatbush --wedbush securities. over took a sigh of relief when it didn't look like they were going to have to treat their workers like workers, but then this london and came along. what do you make of it? dan: this feels like a got punch so soon after getting past prop 22 in california. this shows the worker-contractor issue is not going away. the u.k. ruling, we could see it cascade throughout europe, given uber exposure. we think it iughly

that is according to a letter sent to investors and seen by bloomberg news. to go public with $45 billion in assets and a new name. conservative social media site parler is back online after being suspended following the u.s. capitol riots. amazon's cloud unit pulled their plug after saying rioters used their service to plan the storming. it is not clear which service provider is hosting parler. the platform is said to have been only intermittently available on monday. reports from london say deliveroo is planning an ipo month although the march 8 date may still change. the amazon-backed firm has grown during covid-19 as customers switched to take out and home delivery. london has become europe's busiest ipo venue in the last year, as firms benefiting from the pandemic tap public markets. deliveroo raised more than $180 million in its latest funding round. rishaad: just have a headline coming through, -- we're also counting down to the start of the trading day in mumbai. priyanka kishore from oxford economics joining us. ♪ haslinda: we are counting down to the

news. this is bloomberg, a story

australia lashing out as facebook fans -- bans new sharing on its web platforms. that is next. this is bloomberg. ♪ haslinda: the australian government as last edit facebook saying it was blindsided by the decision to ban the sharing of news content on its platforms. >> facebook was wrong. facebook actions were unnecessary. they were heavy handed and they will damage its reputation here in australia. haslinda: it is over a proposed lot that could force companies to pay for news content users share. let's get more from a bloomberg tech reporter in san francisco. what else to the government say? -- did the government say? >> they are clearly a happy with facebook's decision but i do not feel blindsided is a fear reaction because facebook warned that it might do this last year as this law was coming up. they said we may be forced to do this from a business perspective , and that is ultimately what we have. i do agree it seems like a dramatic decision at the moment, but feeling off guard, i am not sure the australian government could be on guard as facebook warned they would try to do this. rishaad:

new york. this is bloomberg. alix: live from new york, i am alix steel with guy johnson in london. bloomberg markets. flying cars. that is all you have to know. a flying taxi spac deal with united airlines. palo alto-based archer plans to start production in 2023 with the first flights in 2024. joining us is archer co-ceo. what does it look like, how does it operate? brett: good morning. we will take a step back. archer is designing and developing electric vertical takeoff aircraft used for programmability. the last 10 years have scenics -- incredible changes in technology -- a new class of aircraft fully powered by batteries. this will give way to the new vehicle that is low cost, high safety, and low noise. we view this as an ability to help revolutionize the way people travel inside cities and beyond. getting to your point, the vehicle will take off and land vertically like a helicopter. fly like an airplane, and be fully sustainable. only batteries and motors on board. guy: who will be buying it? brett: we announced yesterday morning commercial agreement with united airlines for

. >> host: sarah frier is based in an francisco and reports on social media for bloomberg news. did kevin and make participate in no filter? >> guest: yes. talked to hundreds of current and former instagram and facebook employees. the one important character who did not speak for the book is mark zuckerberg. luckily i have source ted top of facebook and was able to craft his side of the story pretty well. but it was -- wasn't a story he wanted to be part of: besides sending me a quote saying that he saw that instagram had great growth potential and that's why he wanted to buy it. >> host: sarah, in your book "no filter toy pi seems that silicon valley is a relatively small world. a lot of bold failed -- bold faced names appear in your book and a lot of relationships. >> guest: it's really interesting that just in his early years as stanford and since graduating, kevin was able to have the opportunity to work for facebook, google and twitter, and work for the company that would become twitter, and was able to meet mark zuckerberg at a fraternity party and he met his first venture

kyriakos mitsotakis made the comments on bloomberg news. >> greece overall has done better than mosturopean companies in dealing with the pandemic, which was sort of unexpected given that we entered this with an underfunded health care system. we have also rolled out vaccinations faster than most other european countries. it is a surprise to many greeks and so far, we have been able to vaccinate people at a relatively fast pace. i do expect a number of vaccines to ramp up significantly. but we will move to people with underlying conditions and once we address categories, hopefully by then we will have more vaccines and we will be able to mr. debt able to administer -- we will be able to administer given the demand increase and we hope that by the summer a significant portion of the greek population will be vaccinated. last year, we did it in a safe manner and during last summer, we did not have the tools at our disposal. even in terms of testing, there was limited testing available. now we will have the vaccine protection and more testing capacity which is very helpful when you try t

. >> this is "bloomberg surveillance." jonathan: from new york city to our audience worldwide, good morning. this is "bloomberg surveillance." i am jonathan ferro. equity futures, advancing .2%, on the s&p 500. our economists capitulating to the view the market has been telling them, that things will get better? tom: no question about that. in the first interview with ellen zentner, you saw that. we will be talking to robert tipp about the bond reaction to this belief in better gdp statistics. jonathan: and that is the story, talking about better growth, but equities are down and down hard on the wrestle and elsewhere. yields higher, 1.30 percent on the 10-year. tom: i was remiss in not talking about the real yield this morning. there is a different show this afternoon, because the real yield is finally moving to a lesser negative number. jonathan: i might send in emailed. lisa: why don't you promo the real yield? jonathan: looking forward to that and about six hours time. this is an early promo. great lineup, nevertheless. tom: let's do it

mark: i'm mark crumpton with bloomberg first word news. erg has learned the texas governor greg abbott is asking freeport lng export terminal to limit operations. this is keeping with the states disaster declaration as a polar blast shows few signs of letting up soon. across the u.s., power grids continue to be stressed this has resulted in blackouts, leaving almost 5 million customers in the dark. or the second day, suppliers from north dakota to texas are imposing rolling power cuts to meet demand. the u.s. has recorded the lowest number of daily coronavirus cases since october 25. there were a little more than 65,000 infections reported sunday. seven-day moving average has also fallen. the holidays third set the cases soaring. prime minister boris johnson wants the u.k. current lockdown to be their last. he is drawing plans for lifting pandemic restrictions on socializing, shopping, and traveling to work. his priority will be to reopen schools on march 8. the u.k. government will publish its plans next week. myanmar's military junta has

from new york, this is "bloomberg surveillance." karina: with the first word news, i'm karina mitchell. a study from israel shows that the pfizer-biontech vaccine stops the majority of people from being infected. it is the first real world indication that vaccination can stop the spread of coronavirus. some scientists are disputing its accuracy. in the u.k. today, prime minister boris johnson will announce all schools in england will reopen starting march 8. johnson will be in parliament, outlining how the virus lockdown will be lifted over the next few months. more social contact will be allowed for march 29, including outdoor gatherings of either six people or two households. airlines in the u.s., japan, and south korea has grounded following 777's following the engine explode in over the weekend. it made an emerging -- a flight made an emergency landing in denver after an engine explosion that rained down engine parts over denver. -- he reiterated the need to improve what he calls unreasonable tariffs and also cited curbs on chine

this is bloomberg. >> live from toronto, i'm amanda lange. vonnie: from new york, i'm vonnie quinn. re joined by our bnn bloomberg audience. here are the stories we are following. full coverage of today's job supports from usn camera -- and canada. joining us, diane swonk, grant thornton economist. he will look at the impact of job losses on women. not just with diane, julia beck of the working project. and bloomberg asks, when will life return to "normal?" we will discuss the path to immunization. amanda? amanda: despite that jobs were -- jobs report, or perhaps from it, we are staying -- we are seeing stocks power higher. north america looking at fresh territory. we are seeing earnings reports that are bolstering the case for some of these stocks. have seen earnings growth projections. that is a positive, but everything is moving higher. tec has seen some weakness. you can lay that at apple's feed. consumer discretionary, staples all moving higher. industrials, financials holding their own. it comes as you learn, due to job losses on both sides of the border, that u.s., that partic

vonnie: this is bloomberg markets. nework fashion week is embracing the shift to digital with plans to kick off shows next week. joining us now is one of the designers showing remotely, dennis basso who is filming the remote show today so thank you for joining us from your studio. explain to us how difficult it is and how costly it is to put together a virtual fashion show versus coming into lincoln center. >> nice to be here with you. it has been in uncharted waters but actually, it's been a very interesting experience when you have no choice but to learn and figure it out. we are normally showing my collection to 1000 people or so and this past fall when we showed spring/summer, we did a video and we are doing it right now here. it's all happening right behind me. i stopped to do this with you and we are doing a video we will send it out and we are working with new york fashion week which has been amazing. next tuesday at two 30 p.m., it goes live and people will watch the whole collection which we have done and re-creat

new york. we are counting you down to the european close on "bloomberg markets." bond sale of the draghi era yields record bond yields. european stocks drifting a little lower. bhp and glencore boosting as a new commodity boom surges. and -- will officially step away from reebok to focus on its core brand. as i say, we've generally got yields higher in europe, including btp's. stocks are a little on offer. they had a really solid day yesterday. today we are kind of marking time, looking for next catalyst. alix:

bloomberg surveillance. jonathan: we just have to get through one day. from new york city, this is "bloomberg surveillance." i'm jonathan ferro along abramowitz. -- alongside lisa abramowicz. we are up by four or five basis points on tends to 1.47. lisa: please stability is somewhat tenuous. we are not conviction on what happened yesterday which is leading for calls from the federal reserve there is a question about the fragility of the markets and given how traded based on the macro economic picture. jonathan: let's talk about timing. people could argue this has happened a little too early. it is not about inflation expectations, it is about real yield. we have been told repeatedly that when you get that inflection like what we had in the last month at some point it bleeds into risk assets. the moral -- the most supported markets. then things changed. it was a more broad financial market and broader equity market. lisa: when you have central banks saying we are not going to change anything for a long time and let the economy run hot, we are going to borrow short

new york, good morning. alongside lisa abramowicz and tom keene, i am jonathan ferro. this is bloomberg. ka: with the first-word news, i am ritika gupta. it is a second full day of donald trump's impeachment trial and house impeachment managers will make their opening arguments, wanted to show the former president encouraged him out to storm the capital. before democrats vote for -- a full 50 democrats will vote for conviction. the public in 2017 americans to cross lines. donald trump has asked palm beach to let him stay full-time that is mar-a-lago resort. a lawyer for the former president said he should be allowed to live there since he is an employee of the club. local residents have said he should not be allowed to live there because of zoning rules. a house committee has passed a portion of the 1.9 trillion stimulus package that includes a minimum wage increase. republicans objected, citing a congressional budget office study saying that more than doubling the minimum wage would cost 1.4 million jobs. and the controversial former pro football quarterback colin kaepernick has joined t

matt: this is bloomberg. ♪ caroline: it is 2:00 p.m. in new york. is "bloomberg markets: the close." reflation has the russell 2000 on a tear. s&p 500 erodes is gained. deals keep climbing to the highest level in a year. talking a recovery, texas's state agency returns to normal operations. new details about the damage that could top $50 billion. and the $1 trillion mark. bitcoin crossing the threshold for the first time. it is up to $53,000.

joining me now, our bloomberg news finance reporter, molly smith. why is apple doing this again?olly: why everyone is borrowing now, it is really just why not. the money is there. investors are so eager to lend especially to a company like apple which is a major issue were in the bond market that you really are compelled to be involved in these deals if you are an investor, that any meaningful index, apple will be a large part of that. new issues is a way to get exposed if you're looking to sellout of old holdings. new ones usually come with a more enticing yield for investors as a reason to buy the new issue. it all went pretty well today. emily: so, apple is not just anyone. why is apple doing this when they have almost $200 billion in cash on hand? molly: i think that is where it looks like some analysts have been speculating the company will really ramp up returns this year to shareholders. that is really what apple had borrowed for in the past, to fund share buybacks and dividends. it looks like that will continue as they try to lower their cash balance down. if you can do t

the new number one on the bloomberg billionaire index is jeff bezos. ews 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. ♪ tom: good morning. lisa abramowicz and tom keene. we are looking at markets deteriorating. back to where we were at 6:00. -1.8% on the nasdaq says all. lisa: an interesting story under this. you have the yield story raising questions about some of the most highly valued equities, but there's also a question about specific names. tesla in particular is taking a huge hit with bitcoin. tom: bloomberg with the coverage of chairman powell coming up. interesting to see not only what he does say but what he does not say. right now an important conversation, a look back to 2020 but far more of a look forward. i look at home depot with great earnings, i think of the changing of the guard at marriott. barry ritholtz joins us with bloomberg opinion. i will playoff richard edelman's barometer, which is so important, the

new york, 11:30 in london. this is "bloomberg >> absolutely this symbol because italian will save our country. >> mr. draghi's been called as a technocrat for an expansion. >> personalities like ours outside of politics to build stability during our lives. if the occasion comes, try to put it at the service of the country. francine: mario monti there for words for mario draghi. still with this, wolfango piccoli to neo intelligence director. we spoke at length about the challenges for mario draghi, which is also a vaccine rollout, which is something he is not used to being in charge. does the success of europe also depend on the success of italy? look at emmanuel macron, he is not doing well and in the polls and then we have the german elections later. wolfango: two issues. certainly, having draghi around the table in europe will be beneficial for everybody around, especially when you know angela merkel will be out and mccrone is facing a tough election in the spring. -- macron is facing a tough election in the spring. what italy

bloomberg surveillance." i'm francine lacqua in london, tom keene in new york.d news in terms of earnings. do you know that peloton is running out of bikes? tom: yes. francine: i know you and i don't use them, but they are popular. tom: no. this has been part of it. took one to capri but brought it back with him. this forward -- this ford mo

new shot should be ready by autumn. joining us, the director of research from bloomberg intelligence. great to speak with you. what can you tell us about the south africa variant? astrazeneca saying they need a new vaccine. every time we have a new mutation, is that what we are going to see? >> the answer to your last question is we don't know, we have to wait to find out and that south africa variant is not one mutation. it is several mutations so we know the one they found in the u.k. doesn't impact the efficacy as much so it is possible future mutations when they combined together are going to evade some of the effect of the vaccines so the answer to that is yes, it is possible and in regards to your first question about losing efficacy, we have to be careful here. this was a small trial. 42 cases in total. as you rightly said, two thirds of the patients had a mild disease and in that setting, the vaccine wasn't able to prevent mild disease but i am going to go on record and say i suspect all the vaccines will be in the same ballpark with regards to their potential for preventing mild disease. how much do w

let's get straight to the bloomberg first word news with leigh-ann gerrans.bitcoin has made a fresh record of $47,000. tesla announcing a 1.5 billion dollar investment in the cryptocurrency and saying it will now accept the digital coin as payment. mike novogratz think more companies will follow suit and see bitcoin doubling by the end of 2021. double cut i thought bitcoin was going to be at 50,000 or 60,000, but things have been happening so much faster. the corporate adoption rate, the institutional adoption rate is accelerating the on what i thought, so i think bitcoin could end the year at $100,000. leigh-ann: mario draghi is on track to form a government in italy, having won support of leading political parties. talks are said to have gone well and he may announce his cabinet later this week. italy is facing a deep recession and the fallout of the coronavirus pandemic. lawyers for former president donald trump have laid out their case against his impeachment. they argue a second trial is unconstitutional because trump has already left office. and that hi

new york time. this is bloomberg. ♪ ♪ - i sent your new prescription to the pharmacy. - any idea how much it will costyou have a choice. insurance or goodrx. - i have insurance. - insurance is not what it used to be. people struggle to get their prescription covered and prices keep rising. i recommend goodrx. you get free coupons to save on your prescriptions. - [narrator] compare prices to get the best discounts. - goodrx, smart. - [narrator] stop paying too much for your prescriptions. download the free app today. ♪ vonnie: welcome to bloomberg markets. we will speak in moments to tom shapiro of gti as partners. he is calling for manhattan office prices to come down 30% as a vision for the future. investors are looking at disney's streaming growth as a mediatech capital partners will join us. and a snapshot of photography stock. will we even need cameras in the future? let's get it -- get a quick check of the data. we are seeing just a little pullback in equities right now. the s&p 500 is down 2/10 of 1%. we have crude oil at 58 26. prices of office buildings may tumble as 30% in the next year due t

bloomberg survey. declines were recorded in food and drink although sales did rise in supermarkets, electronics, and autos. global news day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. shery. shery: let's get a quick check of the big movers across asia right now. take a look at kia motors because we have gotten news from south korea that apple is investing 4.1 trillion won in kia motors, around $3.5 billion, when it comes to building apple cars. that will take place at the plant. it's in the process of working the wording on contracts. we are trying to get those stocks out as soon as we can. there you go. we are seeing that huge rally in the share price. mitsubishi gaining ground. they are seeing a smaller full-year profit loss than expected. panasonic getting more than 5% after raising their profit outlook. they are now raising their target and outlook on stronger sales for several units and they are saying they expect the business that supplies batteries to tesla to be profitable for the period so we have s

bloomberg. alix: live from new york, i'm alix steel. guy johnson is in london. lose on bloomberg markets. italy's search for a new government looks like it is stalling. the parties that make up giuseppe conte's government are struggling to form a more permanent coalition. i'm not kidding that i read multiple articles trying to figure out where the political standoff was and i do not understand. what can we expect later on today? >> is a very good question and i do not have a good answer because the situation is very murky, very fluid, very unstable. what will happen later today is the speaker of the lower house will continue the talks among coalition parties will report to the president of the republic who is in charge of deciding who is next prime minister and he will report on the progress of the talks. we do not know whether they were successful. the signs are they have not been very successful. so far they have not broken down. for now things seem to have stalled. guy: we will get great coverage from your team. we look forward to that coverage. late nights, p

bloomberg learned is expected to list only a small number of russia linked to d's. global newsours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> quite frankly, i think that we are learning through the pandemic, that the underlying global economy is just more resilient and flexible than we had supposed a year or so ago. jonathan: a chief economist weighing in on the surprise from the upside. good morning. i am jonathan ferro. it is a friday morning, the price action is shaping up as follows. up nine on the s&p. taking a small bite out of a weekly loss, and in the fx market this is what i want to get to. euros are stronger. the aussie flying. the aussie dollar up almost one percentage point. we have had a huge breakout on a 10 year yield in australia. now, 1.43 on in this trillion 10 year. ozzie strength, even with the governor talking about not raising interest rates until 2024, a huge commodity trade with copper and the aussie flying, some interesting moves taking place. tom: the