from new york city, on radio, on tv, this is bloomberg. ♪ it's moving day. while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. jonathan: off the back of the weakest weekly gain on the s&p 500 since august. -16 on the s&p. down .4%. on the nasdaq down five. on the russell down .4%. the u.s. bond market is closed. wti and brent. you have to go back to october 2014 the last time wti was this high. $81.56. right now brent crude with an 84 handle. this contributing to the conversation around inflation. whether it should or should not as a separate debate. this is what it means right now in the u.k. we have heard from the chief economist, we've heard from governor bailey. we've also heard from an official. they are all talking about the

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this is bloomberg tv. ♪ this halloween, xfinity rewards is offering up some spooky-good perks.e chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. mark: i'm mark crumpton with first word news. democrats are getting closer to an agreement on a roughly $2 trillion compromise version of president biden's spending bill. nancy pelosi says that she is optimistic after a meeting today with the president and chuck schumer. the deal could allow the house to vote on a separate $550 billion bipartisan infrastructure bill that has been held up by progressive lawmakers, who first want it on the larger bill. -- who first want an agreement on the larger bill. pandemic relief spending sustained at the federal government's massive borrowing needs and to the treasury department says the deficit for the fis

this is bloomberg tv. ♪ this halloween, xfinity rewards is offering up some spooky-good perks.the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress, and emotional eating, and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. amanda: welcome to bloomberg markets. alix: i am alix steel, infer matt miller. -- in for matt miller. here are the top stories we are following from around the world. j

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this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. this hour, morgan stanley. next hour, citi. tom: the gloom crew gets a pause this morning. it's been a really good tape for two and a half days. to walk into the washington studios and see the vix under 18 is a big deal. jonathan: the doom crew gets a challenge. the transitory crew increasingly has a bigger challenge on their hands, too, going into year end. tom: lagarde making headlines, the president of the european central bank. the second round is a really distressing thing. when they take a second round at the university of cambridge, e 0 -- of cambridge, el-erian goes nuts. what is second round? are we substituting second-round for the even squishier transitory? jonathan: that's the story for inflation at the moment. yesterday i think the cpi, you can't get away from that number. lisa: if you look at the fed meeting minutes, federal reserve officials are planning to potentially end their purchases by the middle of next y

this is "bloomberg surveillance ," live on tv and radio.ne and lisa abramowicz, i'm jonathan ferro. your equity market positive fi

our, coming up shortly on bloomberg tv. this is bloomberg. ♪ anna: welcome back to "bloomberg: daybreak europe." the french tech company reported earnings and boosted its non- earnings share forecast for four years. joining us is the ceo. thank you for speaking to us at bloomberg television. let's talk about your guidance. you boosted your eps of use. and the guidance for the full year. what gives you this point to do that? i apologize, looks like we have lost bernard. the writing is on the wall when he disappeared from view and an image of him was there instead. we will see if we can reestablish the connection with him. delivered what they called a strong set of quarter numbers. the for your numbers on revenue and eps side look better than anticipated. q3 numbers on revenue anticipated. i think we have bernard back with us. good morning. i wonder what would give you more confidence to upgrade your guidance this morning? >> we have a strong third quarter, a strong year to date situation, and good visibility with the pipeline

. >> look for the full interview on the bloomberg terminal and on bloomberg tv and radio. oomberg. emily: the south korean hit show "squid game" has been toppled is the most watched show on netflix. it was in the top spot for 25 days, and is still the biggest series launch ever, since its september 17 release per the new chart leader is the third season of "you." that does it for this edition of "bloomberg technology." tomorrow we have another great show lined up. andre swanson will be joining us, along with cathie wood. conversations you don't want to miss. i am emily chang in san francisco. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. haidi: welcome to "daybreak us cholla." sophie: we are counti

pentagon's top military leader acknowledging the seriousness of the test in an interview with bloomberg tv. >> what we saw was a very significant event of a test of a hypersonic weapon system and it is very concerning. i don't know if it's quite a sputnik moment, but i think it's very close to that. >> reporter: sputnik was the soviet satellite launched in 1957 that gave the soviets an advantage in the space race with the u.s. general milley saying of china, "this is an enormous change in the character of war." the comments come at the same time that a high-ranking pentagon official told a senate committee that isis in afghanistan could be able to launch an attack on the west in as little as six months and al qaeda could do the same within a matter of years. before the withdrawal from afghanistan, president biden said al qaeda was gone from afghanistan and there were no longer terrorist threats emanating from that part of the world. david? >> all of it troubling. martha raddatz with us tonight. martha, thank you. >>> we turn next tonight to your money and as the holidays approach, prices a

he will be bloomberg -- she will be on bloomberg tv within the next hour.s an interview you do not want to miss. amanda? amanda: and on that, we learned today that global wheat stockpiles were below all estimates, at five year lows. that suggests more food inflation ahead. after this, we are talking to chris webb, ceo of chow now, about high food costs and how the industry is grappling with them. stay with us. ♪ amanda: we are talking about the recovery for restaurants. chris webb is with us now, ceo of chow now. chris, one of the big transformations that's happened is restaurants that were not always ready -- not already using digital platforms have begun to. let's of boon for your platform. let's start with how things stand with regard to your growth and the pandemic and what it has meant for you. chris: no doubt, like everyone in our space, when covid hit, everyone rushed to order food online and has been doing so ever since. it was not even a chart that went sideways, just straight up since march of last year and elevated ever since. more and more peopl

we will bring you that on bloomberg tv and radio. the equity market is up. tom keene,. this is bloomberg. >> with first word news, the federal reserve says it will ban officials at the organization from buying stocks with trading. it is an embarrassing scandal for the fed. it is a path renomination, and some fed washers say that the quick actions will deal with senior fed officials. european government will result in a steep to tech china. they will retain core digital platform such as amazon and facebook. the global tax deal will come into effect, and they will refund any levies in excess of the agreed rate. carbon reduction is lowered then anticipated, due to a mobile chip shortage. manufacturer says it will make 500 thousand fewer vehicles in 2021 due to lack of components. they previously predicted a shortfall of roughly 200,000. authorities are investing after confirming alec baldwin shot two people in an incident involving a prop gun on a set of a gun in new mexico. a cinematographer was killed and a director was wounded. the production has stopped. global news, 2

manus: there are a few of the various bloomberg tv guests on where they are investing their money inch sector. apple has taken the most aggressive step yet to strip intel chips from their computers, announcing a revamp of the mac pro laptop computers. also, a little bit of netflix earnings, "squid game." apple unleashed, what was the unleashed emotion in you when you saw the news flow from apple? joe: it's one of those things where you know it is coming and then it happens and you are still surprised. they have been with intel for 15 years. we knew that apple was transitioning to its new chip, but these new chips -- if you are going to do this, you have to be better, they have to make sure they produce a chip that is better than intel and it is impressive so far what they are saying they can do. the video time, battery life. this is pretty impressive. dani: i personally am more excited about netflix, maybe because i have seen "squid game" and liked it a lot. we have third-quarter earnings due out today. internally, we saw that they had a lot of profits off of "squid game." giles: the

speaking of bloomberg tv, the top advisor to hong kong's chief executive also said beijing wants the city to remain very strict quarantine and opening the border with china is a top priority. quick hong kong governors are also talking to the financial sector and also make sure it will not have direct impact to multinational financial companies in hong kong. i think the law is still going to be passed. it is just going to take time. we have to make sure we have taken every consideration before we actually enact the law. su: the u.s. central intelligence agency is creating a dedicated china research center and at tackling what director bill burns calls the most important geopolitical threat of the 21st century, "an adversarial chinese government." mission centers are standalone entities that utilize resources from across the agency. the cia says work will continue on other threats including russia and iran. u.s. efforts to mitigate the global chip supply crunch are facing opposition in taiwan and south korea. they say they will not part with sensitive client data. south korea has also

this is "bloomberg surveillance live on tv and radio," -- "bloomberg surveillance," live on tv and radioe and lisa abramowicz, i'm jonathan ferro. a rate hike conversation starting much earlier than expected. tom: it is the shock and awe o

much more on that conversation throughout the day on bloomberg tv and radio.r equity market up 40, advancing 0.9%. up, up, up and away. in the bond market, yields unchanged. the call from ubs, 5000 year end 2022. tom: the bears really having trouble getting around that. it is a bit of an extrapolation out. i would mention off of el e rian's world-class game three, he would suggest this is a world of narratives of key decisions. there's too many independent and dependent parts here as well. the mystery right now in synthesizing economics into where we are in finance and investment to me is record low. jonathan: the dominant narrative for 2022 is up for grabs. we are at one of those weird inflection points where the incoming data is starting to increasingly challenge the popular narrative, and that popular narrative, that word begins with a t. tom: ubs has done the work for some real caution. they have made a house shift to optimism. nadia lovell continues with us, their senior equity strategist. i want to talk about the surprise we see in other sectors as well,

everyone needs to stay put on bloomberg tv. will be discussing all of those concerns with riverfront investment rebecca felton next. the australian open is coming up. this is bloomberg. baaam. internet that doesn't miss a beat. that's cute, but my internet streams to my ride. adorable, but does yours block malware? nope. -it crushes it. pshh, mine's so fast, no one can catch me. big whoop! mine gives me a 4k streaming box. -for free! that's because you all have the same internet. xfinity xfi. so powerful, it keeps one-upping itself. can your internet do that? >> welcome to "daybreak asia". >> i'm sophie kamaruddin in hong kong. >> good evening from bloomberg's headquarters in new york. our top stories is our. asian stocks sets us up on concerns about elevated inflation and

this was -- bloomberg tv. this was "the countdown to the open." this is bloomberg. ♪ >> from the financial centers of the world, this is "bloomberg markets," with alix steel and guy johnson. ♪ guy: friday the eighth of october. 3:05 in london, 10:05 in new york, 35 minutes into the trading day in the united states. from london, i'm guy johnson, with my cohost in new york, alix steel. let's talk about the market reacting to this payroll number. the payroll number was a disappointment. markets are drifting sideways on equities. i think everyone is trying to figure out whether this is a decent number in jay powell's book. is it enough? alix: it seemed like from what powell said, the bar is really low for them to not lay out any kind of paper timeline. take a look at the individual markets. it is wishy-washy. energy and financials leading the way. we have seen that as we rotate into those cyclical value names. obviously, energy helped yet again by brent. there's a fire at a natural gas plant in siberia, which going to have problem getting gas may be to

francine: those are some of the chief executives on bloomberg tv. earnings season well underway.nies are focused on inflation and supply chain. we have been tracking the fallout of the global supply chain crunch, everything from logistic companies to cell phones to automakers taking a hit. that as alix is filtering some of through the -- filtering through some of the inflationary. that i think is the part that central bank's around the world think will be transitory. alix: it feels like the conversation was evolving to transitory may longer than we think, but now with some of the auto makers saying we see some of the worst over with the chip shortage, may be transitory actually is just a few months. that is of easily going to have a big impact on earnings, as well as margins. joining us now is david kostin, goldman sachs chief u.s. equity strategist. you way in -- you weigh in. are we in a turns a tory inflationary environment? -- a transitory inflationary environment? how do we invest for that? david: the market does not wait before focusing on the future. the reason i make that

this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. this wednesday, futures -53, down on the s&p 1.2 percent. on the nasdaq, down 1.4%. tom: it is moving out there. you go to the currency dynamics as well. what about the thundering silence of the weak dollar crew? it is stunning how that has stopped. jonathan: strong dollar this morning. you by the greenback, you by the u.s. dollar -- you buy the greenback, you buy the u.s. dollar. some indicators showing the tension. it folds into washington as well. our guest coming up has really pushed against weak dollar for months and months. mark mccormack looks like a genius. jonathan: is it fair to say the epicenter of all of this is energy? lisa: natural gas in particular. when you take a look at the united kingdom, prices absolutely surging. but there's a bigger story here, and that is the transition of the economy at a time of a perfect storm. how many times have we talked about supply chain disruptions, a pandemic, and a transition

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market positive 0.1% on the s&p. earnings coming tomorrow. tom: i am going to say it is a modest pullback over the last number of days. i did the chart for francine earlier this morning. we are basically at a july 21 level, and we have to reset. it begins tomorrow. jonathan: the market worried about higher interest rates and supply chain issues. a haven so far over the last couple of months. the banks have been rallying hard going into numbers tomorrow morning and through the rest of this week. tom: the banks talk about recovery and use of cash. that will be a huge part of the discussion, not only the banks, but everybody else. what i see more and more is there simply two camps looking at the same narratives and saying we are going to get over this fear. others saying they have a persistency that is unmeasurable. jonathan: up 10% on the kbw banks index since september 22. that is quite a run. lisa: how much is it

reporter: general milley talked about the [indiscernible] he said during an interview on bloomberg tv, what we saw was a very significant event of a test of a hypersonic [indiscernible] it's close to the sputnik moment. do you agree? jen: i've seen what general milley commented. we're concerned all about china's military modernization efforts. it includes increasing tensions in the region and we continue to have concerns about that. i think that was reflected in his comments. go ahead. reporter: thanks, jen. i want to ask, is there any more you can share on president biden's perspective on progressive's concerns the framework for the social safety net and climate plan is not enough to move forward with an infrastructure bill? jen: well, the president -- first, i'd reiterate the president is absolutely committed to getting both pieces of legislation done. he's conveyed that publicly. he's conveyed that privately. as you all know, yesterday, he had a very good meeting with chairs and members of the congressional black caucus, congressional hispanic caucus, congressional pacific islander

this is "bloomberg surveillance live on tv and radio," -- "bloomberg surveillance," live on tv and radioalongside tom keene and lisa abramowicz, i'm jonathan ferro. a rate hike conversation starting much earlier than expected. tom: it is the shock and awe of the bank earnings last night. as we heard from lori calvasina, may be a tilt towards something more positive. this is the ambiguity. do higher interest rates signal gloom or a constructive and spirited economy? jonathan: this equity market signaling resilience right now. we are within 1.5% of record highs on the s&p coming into monday, in the face of a conversation about higher rates, and the face of a conversation about slower growth in china. tom: i'm going to go to the vix, 17.53 is a good place to start a monday morning. but i do take your point on the global slowdown. i thought jp morgan was really strong friday evening, michael feroli and the team, and bruce kaz munroe writing really showed the nuances -- and bruce castor and -- bruce kasman writing that they really showed the nuances. lisa: this really goes to the point we wer

this is "bloomberg surveillance" live on tv and radio. the equity market up 14. it is all about the two, two days of gains, just two weeks of gains, 2% away from an all-time high. michael: what a drop -- tom: what a draw up it is. we have made back 64% of the bloom we have seen a week ago -- it was a week ago this friday. it has been an extraordinary week. jonathan: two events still to go. goldman sachs earnings and retail sales. 8:30, a couple of hours away. tom: to me the real issue is the x axis of the slow down of this booming economy and the tilt this week as may be we do not get back down to the low single-digit numbers, 1% or 2% economic growth, maybe that is pushed out longer. jonathan: your equity market positive. lisa you will run us through the events into the weekend. the pboc says everything will be ok. lisa: they have been trying to tell everybody they have the situation under control and encourage banks to lend more when it comes to housing debt. this time they say they are urging developers and shareholders to fulfill that obligation. please play

on radio, on tv, good morning. this is bloomberg. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. the billionaire founders of kkr are giving up their leadership roles. henry kravis and george roberts are stepping down after dominating private equity for almost half a century. they had elevated joe bae and scott nuttall to co-chief executive officers. the buyer was an fbi agent posing as a foreign official. authorities say the case involved cryptocurrency payments and a memory card hidden inside a peanut butter sandwich. hong kong's chief executive is defending coronavirus travel restrictions out of frustrating global businesses. in an interview, carrie lam said restrictions will stay in place for the foreseeable future. >> of course, i am concerned, and we are working very hard to resume normal travel in a gradual and orderly manner, both with the mainland of china and with other laces. leigh-ann: lam says mainland chinese officials want to follow a stricter reproach to wiping of the virus. the international monetary f

this is bloomberg surveillance on tv and radio. i'm jonathan ferro. or equity markets are unchanged on the s&p 500. tom: it's a big deal. i shifted. as you know, you frame it from that statistic. it's just a number. what if we come in a little bit below it? jonathan: for that question, what does it take the greenline on? tom: or to move the markets. jonathan: i've heard 200 k is the number. thereabouts. tom: 1.5 nine, yields of ramped up since the last time you and i were together. jonathan: that was creepy. tom: it's friday. stay with us. lisa: if you look at the 10 year, that's interesting. the two-year is the highest since march 2020. the idea here is people are bringing forward the expectation for a taper because of what you said. 200,000 is the threshold for them to change tactics. do we get a flattening it? jonathan: i've got no idea. you are troubled today. let's start with the equity markets. 159 .95 is the session high. yields are up a couple of basis points. they are just off session highs at the moment. the euro-dollar, one hunt 15.68. wti

this is bloomberg. ♪ jonathan: live from new york city on tv and radio, this is bloomberg surveillancel-time highs in the equity market. yields up a couple of bases points and near highs for the year on twos and fives in the bond market. we need to talk about foreign policy and the president of the united states and his big issue is taiwan. >> china, russia and the rest of the world knows we have the most powerful military in. the history of the world don't worry about whether they will be more powerful but you do have to worry about whether or not they will engage in activities that will put them in a position where they make a serious mistake. jonathan: the president was asked if he would defend taiwan and he said yes. tom: i have the memory of misses chang kai-shek coming into the u.s. all sorts of great scholarship on that and all i can say is the sensitivities here are extraordinary. we had secretary chao at the milken conference and she from taiwan visibly shakes when i talked to her about this. jonathan: this is the quotation from the president. i don't want a cold war from the

this is bloomberg. ♪ this is bloomberg. ♪ jonathan: live from new york city, for our audience worldwide come on radio and tvmberg surveillance ." i know we can talk about you to -- youtube ad revenue, but let's be real, alphabet stock is up. into the bond market, we are down two basis points, this curve is flatter. because, lisa, there is a move on two, two-yield for the first time post-pandemic. it is not about tapering. they are going to taper anyway. it is about pushing back on rates. lisa: and, frankly, the fact that they have not yet, we have for this from different strategists, we are looking at potentially a demand-side stock. that is what some people are looking at when they look at both sides of this. if it is demand driven, the fed may have to respond more quickly than other central banks. jonathan: we will hear from apple tomorrow on the earnings side. tom, a bit of news on evercore i went to work with you on. ralph has stepped down as co-ceo and cochairman of evercore, beginning february 25. tom: full disclosure, one of my favorite people in wall street, ralph ousley -- ralph schlosstein. years

jonathan: all time highs into friday, good morning, this is bloomberg surveillance live on tv and radio. your equity market is unchanged on the snp on a seven-day winning streak. tom: essentially flat. we are downplaying the record high to extraordinary's of rise and we have the guests to talk to right now. jonathan: contrast the equity move what we see in the rates market. tom: to our audience, the rows are talking about the five year yield in the belly of the curve as they say. i don't think the five-year is in contrast to equities. it signals recovery and signals better earnings. jonathan: they say we add some weight to the belly. jonathan: this was the rotation of earnings season for me. have you seen anything like this? kayley: supply chain issues are coming from social media companies who you would think would be more immune than other sectors out there but snapchat says that people are not just spending money on advertising stuff any company that relies on digital advertising or their revenue is going to feel the effect on that i would note it's not just a supply chain issue. jon

tom: bloomberg tv guests responding to.he slowest growth this year signals a tapering of the market. the fed will begin scaling back before year end. wages went up significantly as well. we will be on watch for the next inflation, when cpi data comes out on wednesday. here is what is coming up this week. today, the nobel prize for economics is announced. tuesday, the imf their global forecasts. anna: wednesday, we get the cpi data out of the united states. thursday, q3 banks earnings season kicks off. it is a busy week in store. joining us to think of where we are in the markets is our reporter. we see the ftse outperform, the pound on the move, rate markets in the u.k. pricing in fully an interest rate hike by the end of this year. things are gaining pace. those who are worried about the jobs picture are maybe less so. reporter: in the united kingdom, you have a picture that is supported by these hawkish remarks we have seen from central banks over the weekend. it distinguishes them from the fed and the ecb, and also soari

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market positive zero point 8%. we advanced 36 points. a can kick set up downing d.c. -- set up down in d.c. tom: drawdown, gloom and all of that, institutions solve the problem. the institution of the gentleman from kentucky solved the problem. the institution of mr. putin in moscow solved the problem. jonathan: how sustainable is every thing you just said? that's the question to me. tom: i'm in trouble leveraged all-cash. it doesn't matter to me. jonathan: thanks for participating this morning, tom. [laughter] lisa: i think it is hard to put your head around any narrative. we've just had a shift in are we in any sort of stagflation fears. have we shifted now to, no, it is not that bad, and policymakers are so concerned about keeping everything going that they will step in at the slightest turbulence? jonathan: it is a lovely bounce this morning for the equity bulls. we are up 39 on the s&p. we advanced 0.9%. yie

heard on radio, seen on tv, this is bloomberg.-- this is bloomberg. ♪ this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis. a q&a with me! join for free on the xfinity app. our thanks your rewards. jonathan: the longest since july for the equity market, and we come back a little bit on the s&p 500, down by about 0.25%. yesterday, five points short of all-time highs on the s&p 500. we were around 4540 just for a bit. that's the equity market. at the index level. let's get to the stock level story. we can talk about one word specifically we have talked about all morning so far. excuse and -- execution. execution at tesla, even with the supply-side issues. execution at unilever. that stock is up by 2.3% after hiking prices 4.1%, the most sin

this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market up another 0.4%. the earnings so far, so good. tom: the vix under 15. there's a reaffirmation today that is very different than five days ago, 10 days ago. more earnings coming in. tina martin adams and the others we have talked to have said, you know what? the sum total of the earnings and revenues up. jonathan: the big tech players after the bell. microsoft, google. then onto apple. apple was in the news because of the supply chain story, a struggle to meet demand. we thought that would really define this quarter. so far, it hasn't. margins have held up. that has been the story of the year so far. tom: i think the powerpoint, buried in it, you see the reality of ge aviation. their fleet is down 18%. that is their calculation. they are parked on the ground. but away from that is the idea of pretty good margins, even with flat revenues. is that tech? no, but it is good. jonathan: you see what you get here? c

on radio and tv, this is bloomberg. ♪ leigh-ann: leigh-ann: --leigh-ann: with the first word news, i'meigh-ann gerrans. london heathrow airport will increase surcharges by 36%. airlines have announced higher fees as they try to bounce back from the downturn. the fda is reportedly planning to allow a mix-and-match approach for covid booster vaccines. the agency could act as soon as this week. it is likely to not recommend one vaccine over another, but may say it is preferable to use the same vaccine when possible. an elderly couple who broke covid-19 rules to enjoy china's tourist sites have become the focus of the country's latest virus cluster. huge contact tracing and testing efforts are now underway after the two retired university lecturers from shanghai continued to travel even after being told their test results were abnormal. or than 1500 close contacts have been identified in at least six new virus cases have been confirmed. north korea has fired what appears to be at least one ballistic missile for the first time in about two years. south korea's military describes the weapon

this is "bloomberg surveillance ," live on tv and radio. tom keene and lisa abramowicz, i'm jonathan ferro. your equity market totally unchanged on the s&p after five days of gains. we are almost there. tom: jacob kirkegaard this hour, the interview of the day. i'm looking at the earnings come in.

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market positive five on the s&p, up a little more than 0.1%. jp morgan first out of the gate. tom: i think it is being underplayed. everyone looks at the stock price and says so what. they are doing fine. i thought dames diamond -- i thought james dimon's opening salvo, forget the gloom. jonathan: if you had a headline, things are improving. lisa: however, there is another headline underneath some of the numbers, and that is lending. average lending going up, being driven by the corporations, not consumers. you are still not skin consumer loan growth. to me, that indicates this question mark around how much resilience there will be. jonathan: the equity market not doing much of the back of this. equity futures on the s&p advancing five points, up a little more than 0.1%. 8:30 eastern time with cpi in america. going into that, yields lower by a basis point or two to 1.56 12%. let's check in with bloomberg's sonali

this is bloomberg surveillance live on tv and radio. your equity market up another 19 on the s&p advancing four tents of 1%. we had a drawdown that did not last long. tom: i've been calling this the draw up. from the beginning of the pandemic, this is really important. have never done this in my career prayed him taking earnings comparisons pre-pandemic, basing off 20. if you look at the draw up, the dow up 22% of the good news of early february of 2020. spx up. nasdaq up and the interest, forget about 2020 in the market seems to be doing that this morning. jonathan: the nasdaq included 1% away, let's talk about tesla. can we say congratulations elon musk? a $4.2 billion deal at 120 billion dollars to the market cap of tesla. we have a $100 trillion stock. tom: a different -- a $1 trillion stock. tom: it is long -- log convexity. it was accelerating yesterday over that $1 trillion statistic. jonathan: you've got to love elon musk. tesla is very much a production ramp problem. lisa: elon musk of about to become almost twice as rich as th

this is bloomberg surveillance live on tv and radio. following the biggest one-day reversal on the s&p 500 since february, we add some weight to yesterday's rally. advanced by 6/10 of 1% on the s&p. tom: mcconnell to the rescue, prudent to the rescue. you capture the turnaround in european hydrocarbons. jonathan: i think you nailed it there. mcconnell to the rescue, prudent to the rescue? how much faith can you have in that lasting. tom: what i know as we go to the data check. we are in the midst of a market up. it's a draw up. standard & poor's 500 up to point some percent. nasdaq 100, was the opposite of craters. lisa: surge. let's think of what lingo we can come up with next. this is a question of what has material change. trying to lighten up heading into what should be -- so high. our valuations -- are valuation still so high given where we are on value expectations? jonathan: the image of a friendly russian bear telling us it's going to be ok. it's a little unnerving. tom: he made a really good point, he got chastised outside the

this is bloomberg surveillance live on tv and radio. equity market up 0.3%. four date winning streak on the s&p. tom: we heard optimism yesterday. the dip up 6% plus. the drawdown is evaporating. we have a negative 1%. omg, the bear is humbled. jonathan: this is a comedy act. we just had a from bank of america from managers surveyed the least bullish report. this equity market keeps grinding. what they say is one thing. what people seem to be doing is another. tom: abramovitz and farrow really strong on twitter in the early hours. to me, it is stunning, october 2020. jonathan: lisa, we are doing this in the face of a conversation about slowing growth in china. two your story feeling a bit. for speak today front and center. lisa: fading growth might be the silver lining for a lot of bulls -- the idea that inflation be contained by the fact that we are not going to enter some new regime. we are seeing earnings that are going gangbusters. at the same time, low rates, risk on. jonathan: an equity market with a lift. 15 points higher on the s&p. bond market yields

this is bloomberg surveillance live on tv and radio. your equity market, futures bounce back up 4/10 of 1%. we need to discuss the damage to the index level and the damage done to big tech. lisa: you have to partition it -- tom: tech there is some real damage. we are back to support, by on the depth. we will find out where it is this morning. jonathan: the moves on apple, facebook, amazon. apple down 11%. amazon and facebook about 15% for the highs. tom: these are real moves. i will tell this again, if not percentage moves it standard deviation moves. it's a bigger move i will go with that. a standard deviation basis around 11% on big tech is contained, it's sitting on one of the moving averages i look at. jonathan: the latest just occasional years blame the bond market. two fridays ago, 1.45. tens this morning 1.49. it hasn't seemed a big move over the last week to justify this gap we've seen in the s&p 500. that in the last 24 hours is felt like a lazy story. lisa: i think it's overly simplistic where there unique stories for each one

welcome to this special edition of "balance of power" coming to live from capitol hill to our bloomberg and tvnces worldwide. we have come to washington because this is where all of the action is. we will set the stage by turning to our two crack washington correspondence, annmarie hordern who is right with me and joe mathieu, the host of sound on who is on the other end of the white house. the big news to me overnight was -- annmarie: last time he tried to do this we know it was supported by the republicans. he invoked closer

this is for bloomberg subscribers only. you can check it out at tv . g. ♪ >> there are very few jobs out there that when you're only 26 years old will put you in charge of 50 marines and millions of dollars worth of equipment. let you go out and try and change the world. i had something to prove to myself. i want it to get through that obstacle on my own. it was kind of a family tradition. i did not want to let that tradition die. shery: that was the far eastern group chief innovation officer talking about learning leadership in the military. you can hear more from his interview on generation x, which look that help prominent business leaders are adapting for the future. that airs monday on daybreak asia at 7:40 p.m. sunday in new york. let's get a trick paul: check -- a quick check of the business headlines. talking with sovereign health -- sovereign wealth funds to become anchor investors in the upcoming ipo. of would be investment of 30 and black rock are among those winning bids to take part in the listing. sources tell us the fintech company is pla

on radio and tv, this is bloomberg.-ann: congressional democrats are still divided over how to -- president biden's economic agenda. there coming together over a taxing and planting -- taxing and spending plan of about $2 trillion but they cannot agree on which parts of the president's agenda to keep and how long to pay for them. next month the u.s. will relax coronavirus restrictions on its land borders with canada and mexico. that will allow the resumption of non-essential travel like tourism. the move comes up to the white house said it would start allowing airline passengers to enter the u.s. with proof of vaccination and a coronavirus test. vladimir putin says russia is ready to supply as much natural gas as your needs. speaking at an energy forum in moscow, the russian leader said it was important to stabilize the markets. europe faces a gas crisis ahead of winter due to a surge in prices and a drop in reserves. the man who played star trek's captain kirk in the 1960's is set to become the oldest man to go into sp

from new york, heard on radio, seen on tv, this is bloomberg. ♪ jonathan: live from new york city toience worldwide. good morning. no equity markets, unchanged on the essence the. all-time highs coming into wednesday. he is coming in couple basis points to 150 134. economic data to get to. 158.34. economic data to get to. you have a tax increase, you don't do it, and then you can call it a tax cut. there was an increased tax increase on alcohol, canceled it, and they call it equal to a tax cut. on fuel taxes come as well, some of the same thing, holding back on that. that is when they fill up the tank and they fill up the -- and they are not hiking taxes. tom: a tank of gas is seven dollars plus in the u.k.? jonathan: my mom told me it was -- per gallon. tom: which got it on the corporate tax, didn't we? lisa: we might get a tax hike or not. tom: let's look at this economic data. i am looking at it as a bit of revision and a little bit of tepid this -- a little bit of tepidness. it is more data that will filter into our gdp estimates and through the inventory dynamics. jonathan: they

this is for bloomberg subscribers only. you can check it out at tv . bloomberg. ♪ >> we are not exposed to a lot of retailers. retailers feel very bad, mostly driven by mainland chinese shoppers. s&p now i think really has come back, at least the top end of the s&p, the people that normally would fly around to tokyo, bangkok, paris, whatever, they can do that now. they are happy to find ways to spend locally. paul: that was the lan kwai fong group ceo. generation next looks at how prominent investors around the world are adapting for the future. that airs on monday on "bloomberg daybreak: asia" at 7:40 a.m. hong kong time, 7:40 p.m. sunday in new york. shery: take a look at some crypto assets. a mixed picture. a little bit of pressure for bitcoin, down, but still above the $57,000 level for the first time since may. we continue to see the rally in cryptocurrencies, perhaps an easing of regulatory concerns. the sec may be approving for the first time the crypto assets etf. we are seeing the galaxy crypto index down, but this after adding 200% in crypto a

from new york on radio and on tv, this is bloomberg.-ann: general motors says south korea's electronics has agreed to pay for the recall of chevy volt electric vehicles due to manufacturing defects in the battery modules and lg was the battery supplier. gm says the agreement will offset $2 billion in charges. in washington is that up to the house to avert the immediate threat of a catastrophic default . lawmakers are scheduled to vote on a short-term increase to the government's borrowing limit. it is good for less than two months and then congress faces a bigger slow down between debt and spending. west texas intermediate futures were little changed. there expectations that a power crisis from asia to europe will lift demand and the opec-plus alliance caution is adding to the upward price pressure. here in the u.k., parliamentary report has found that boris johnson's government made serious mistakes in the early handling of the pandemic. lawmakers say imposing a full lockdown more quickly would have saved lives. a spokesman says the go