we spoke to bloomberg tv about the vehicle launch. >> market.pate that we will start with the work truck variant and that will be available in spring of next year. in the fall, we will have the rst and we will work to get them to customers as quickly as we can. the reception has been great. the first edition of the rst sold out in 12 minutes and reservations are still coming in. we are super excited about the response that we are getting because this is a ground-up ev truck that has so much capability. we are so excited to share it with the world. >> congratulations on all the people ordering already. at the same time, you are a year or so behind where ford is with the f-150. how will you catch up? is it important for general motors to catch up with ford when it comes to this full-size pickup? >> when you look at the ev race, we've already had the bulls out for several years. we are shipping hummers as we speak. the cadillac lyric will be out in a few months. early next year, we are going to have the silverado and the chevrolet blazer. i am so e

this is bloomberg. tv -- this is bloomberg tv. ♪ and there you have it. woah.s on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. >> i'm mark crumpton with first word news. -- protection against both the delta and omicron variant. that's according to a study that looked at infections, hospital admissions, and deaths and thousands of u.s. patients. research shows boosters prevent at least 90% of hospitalizations from both, delta and omicron infections. just two weeks before the start of the winter olympic games in beijing, the capital reported a growing covid-19 cluster linked to imported frozen food and international mail. today, beijing reported 12 covert infections, bringing the

much more through the year on bloomberg tv and bloomberg radio. with the american football, the nfl. i wasn't the only one that watched the jets yesterday, and for the jets fans out there, that was pretty brutal. i can to be the only one worried about antonio brown. that was concerning, the way he walked off that field yesterday. matt: i've got to say, i love football, and especially college football, but i am willing to watch pretty much any football that is on. still, i am not the expert of the three of us here on the nfl. kailey leinz knows more about american football then probably anybody else on bloomberg television, so you should direct your questions on football to her. jonathan: i did name check you both. what happened yesterday afternoon? kailey: i am not sure any of us know what really happened. to see him strip off his jersey on the sidelines, walk across the end zone shirtless into the locker room in the middle of the game, i don't think anyone knew what had happened there. i think you are right to voice some concern. note the respons

ritika: you can watch that entire interview on bloomberg tv . hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: thank you very much, indeed. we got ge earnings a little earlier today. sales missed. the call with mr. cope has wrapped up test with mr. -- with mr. culp has wrapped up. let's look for a sense of direction from that call. brooke, what have we learned? what sense of direction did you get? brooke: i think what really made this earnings day extra confusing is that ge is moving to what it says will be a simply hide reporting structure going forward, where it will consolidate its remaining ge capital holdings with its industrial businesses, but there's a lot of moving parts to get to that new definition. they have various different numbers for free cash flow in it. it just adds a lot of murkiness on an earnings day that overall, wasn't really that great for ge. fourth-quarter revenues came in much weaker than expected beca

this is bloomberg tv. ♪ every day in business brings something new.the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. mark: welcome to the bnn and bloomberg audience. i'm mark crumpton with bloomberg first word news. first year in office. it is set for 4:00 new york time, just his second formal solo press conference at the white house since taking office. he frequently gets shouted questions while traveling but recently has had structured interaction with journalists. the biden administration believes russia is laying the groundwork to justify an attack on ukraine. the u.s. believes russia is fabricating ukrainian provocatio

this is bloomberg tv. ♪ every day in business brings something new.t the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. >> this is the first word news. citi

just use our interactive function on bloomberg tv go. the chat to send instant messages to our team. this is bloomberg. ♪ rishaad: looking at a day where equities are dearly anemic, we are seeing a mixed bag out there at the moment at people assess what the fomc may well come out with. we have views on the volatile trading we have been witnessing. we spoke to david rubenstein about if now is the right time to buy or sell. david: the stock market in the last couple of weeks has been correcting, if that is the right verb, and a lot of the air is out of the so-called bubble. should people be getting into markets now or not -- hour is now the time to buy? >> first of all, i'm not here to give a lot of advice. david: we won't tell anybody. >> ok, just on our own. what has happened is they produced a lot of debt and gave out a lot of money, so everybody has got money, and it is also easy to borrow money to buy things, and as a result, it you create much more buying power, you create goods and services, you got a lot more inflation. the federal

bloomberg. ♪ jonathan: live from new york city on tv and radio this is bloomberg surveillance alongside tom keeneisa abramowicz. i'm jonathan ferro. your equity market down three points on the s&p. yields higher to 1.6631. a monster adp print. 807,000 against an estimate of 410,000. going into payrolls friday looking for 424,000 this friday for the payrolls number in america for the month of december. tom: let's stay on this. i think it is important to point out this makes the claim statistic tomorrow at 8:30 ever more important. adp is different from claims but the two combined set you up for friday. jonathan: i think they speak to a similar story. claims looking at 195,000. it looks like we are getting back in a better way. if you lead through the piece from neel kashkari, he is still -- there is a belief we still need to have work to do and an acknowledgment this labor market is tight. demand is skyhigh. lisa has gone through the job openings in america million times. there a lot of them. it is the lack of supply that is the issue. tom: greg daco joins us now. thrilled you are with us on radio

goldman catching up on bloomberg tv had this to say. the key thing for equities is how much a shift of an interest rate expectations and a financial conditions will hit growth. that will be the issue going forward. tom: that is where i am, i have been there for weeks. i cannot wait to talk to diane this afternoon. for me, growth is they are coming to 1% quarter to quarter dynamic. that is a rate of change that is original. jonathan: let's get into price action. mike, the worst case scenario is continuing on the slow path to policy normalization? dovish is bad? michael: in this case it is. we are looking at an environment where the fed should've started hiking in the middle of last year and now we are stuck in market limbo where investors are pricing in the future policy. we are looking at a situation where if the fed proceeds as planned it will be another six weeks before we see a rate hike. that is a concern for investors. it creates a lot of uncertainty going forward, a black cloud overhead. they want to start moving right away so the

tom: that was some of the views we are hearing from across bloomberg tv.had donald speaking to us a week ago saying it was not about the supply chain it was about the cost. we talk about coffee and price hikes when it comes to that informed information. just how costly is it? francine: i found a coffee shop in rome just for research. the lacqua index will be out soon. but these are concerns around the world. everyone is being hit by it. something that used to be 1.4 euros is now up to 1.6 euros, and that is something you're hearing about in the cafes around europe. some newspapers that were talking about it were funny, there is a naked sell beanies in the nightclub. we still have a president voting for continues. there is a mario draghi voodoo doll. the other papers are warning through, just a little bit more sober just because there is another vote, but we still do not have a candidate that seems to have consensus from both parties. tom: the shirtless sell beanie was that a mockup, or was he actually at the nightclub? francine: i think it was actually him

this is "bloomberg surveillance ," live on tv and radio.de tom keene and lisa abramowicz, i'm jonathan ferro. futures up 13 on the s&p, up 0.25%. anka of america earnings behind us. morgan stanley still to come. tom: i am really fascinated by what they do. they've had these acquisitions, including eaton vance.

tch "bloomberg green" on bloomberg tv and online. ♪ >> good morning from the asia-pacific and welcomeo "daybreak: australia." i am in hong kong. >> i am in sydney. we are counting you down to asia's market open. china scraps winter olympics ticket sales to the public as the rise in covid cases causes concerns. the central bank could adjust its view of inflation risks. concern over the true scale of the hidden debt steepens. david: good morning to all our viewers joining us across the region. good evening if you are joining us out of the u.s. we will be tracking what has been happening in the credit markets. let's glance at where we are on the earliest indicators. not really a good sense. a little bit higher. i'm being extremely generous. a high close in europe. the next board will show you the real story with yields. the bank of japan comes out in a couple of hours. as far as oil, we are still trading your 2014 highs. more german 10-year bund is close to zero. we will be back in positive territory. reflation continues to be a theme. we will talk about what the boj might do today. ther

we also have the french carmaker telling us yesterday on bloomberg tv that they expect the chip crunchn the second half of the year. three months before the presidential election, emmanuel macron has got an ace up his sleeve. especially after the good numbers on the unemployment front we got earlier this week. the number of jobseekers in france has gone to the lowest level in almost a decade. manus: the german gdp numbers are due in the coming hour. what can we expect there? >> we will see very different figures than france. the statistics office has published full-year figures 2021 two weeks ago. that came with an estimate that output contracted between 0.5% and 1% in the fourth quarter. that is big. part of that can of course be explained by biontech revenue, the drugmaker that partner with pfizer in developing covid-19 shots. the revenue was supposedly delayed and spread across the euro. we are seeing upward revision to previous quarters, but that does not hide the fact the recovery in germany is a lot slower than france at the moment. manus: and then on the corporate side, we have

mark: welcome to the bnn bloomberg tv audience. i'm mark crumpton with bloomberg first word news.is beginning the study of a covid-19 vaccine that specifically targets the omicron variant. the drug partner and its -- company and its partner biontech says it will look into it. earlier this month, the pfizer ceo said the companies were developing a hybrid vaccine that would combine its original shot within omicron fighting formulation .global news 24 the european union is aiming to make travel within the block easier. it's adopting a new system of covid related travel rules based more on a person's vaccination status than on where they are coming from. travelers with a valid digital certificate would not be subject to additional restrictions. exceptions will still be allowed for travelers from high risk zones. the head of the world health organization is moving closer to serving a second term after securing the groups nomination. he has taken center stage since the coronavirus first emerged last year. he repeatedly lashed out at about the countries and vaccine manufacturers for doin

it is for bloomberg subscribers only. tv . ♪ shery: centauri says wages will be raised and guidelines due to an ongoing labor shortage. consumers we are told are more likely to accept price hikes because of the inflationary environment. the environment should improve in the coming weeks. >> i am hopeful businesses will come back in japan mid february. we expect a peak time will come around that time and then the government will sift through reintegrating consumers. that will help us. shery: and iron ore producer is setting up to become a clean energy producer over the next decade. >> we have been working since early 2021 to create the battery technology to support this. this is an important development. we are on an ambitious goal to achieve green energy by 2030 and that will certainly help us on this journey. shery: that will do it for us. standby for bloomberg markets--- bloomberg markets: china open. this is bloomberg. ♪ and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unl

on radio come on tv, this is bloomberg. -- on radio, on tv, this is bloomberg. ♪ jonathan: live fromk city, this is "bloomberg surveillance." from last week into this week, the pain continues. futures -0.6% on the nasdaq 100. it has been ugly come of the worst weekly loss going all the depths of the pandemic. yields on the year still up by a little more than 20 basis points on a nominal yield. i will get into why and just a moment. tenure nominal yields now down to basis points to 1.7333%. up on the year. last week, they did not do much at all. you had all of that pain in big tech, but numeral yields did not do much at all. switch up the board. we are going to have a sneak peek of a chart of breakevens. you subtract the yield on the inflation linked curve from the nominal yield. look at real yields, and then you get the implied inflation rate of the market, so called breakevens. breakevens have been rolling over, and they rolled over last week even though nominal's did not do much. so what happened? real yields were pushing higher. this is really important when we talk about the bigg

new york time on bloomberg tv.ext, shares of jeffries falling the most in two years after the porting 50% fixed income trading revenue decline. this is bloomberg. ♪ >> investors may want to switch to low pe stocks. they are hard to find in the u.s. but not other markets. jon: this is "bloomberg markets ." jeffries, we have been talking about this one. shares falling the most in two years after fixed income trading revenue tumbled 50% from a year earlier. sonali has been covering these earnings. you are saying it is like your super bowl week. some lost momentum before we get to some of the other players reporting later in the week. tell us more about the quarter. sonali: volatile numbers are expected, but it shows you how much wall street has gotten used to record after record. the 50% decline at jefferies is not expected at some of the bigger firms. jp morgan, analysts are expecting a 16% decline in fixed income trading. but investors need to start getting used to more normalized trading environment. in this quarte

enjoy a long weekend on bloomberg tv. we will have an equity market, and we will see you soon. oon. is going to boc -- ok. we will be all right. >> this is bloomberg. >> for the second time, we are streaming. immigration and it was temporarily prevented from supporting the unvaccinated. it is in the public interest to do so. we were back hours later, and there may be hearing on sunday. the u.s. supreme court may have rejected bidens mandate for taxes, but businesses are threatened, and they might be forced in from one anyway. they're protecting workers and keeping factories open. it requires vaccination. two short-range blesses -- plastic missiles were launched after the regime warned it would take stronger certain action. more factions earlier this month, and korea conducted two separate launches. in the u.k., primus reports johnson there were some parking at downing street. a string of events allegedly broke the covid lockdown rules, but it was said that the downing street allegations will conclude. global news, 24 hours a day on bloomberg and uber quick take, powered by 2700

coming up, new york fed president and bloomberg opinion columnist bill dudley joining bloomberg tv 3: new york this is bloomberg. ♪ let's check in on the bloomberg first word news. i'm ritika gupta. it was the weakest u.s. jobs report of the year. employers added just under less than half of what the median estimate was in a bloomberg survey, but the employment rate fell more than expected to 3.9%, and average hourly earnings surprised economists, rising 4.7% for the year. that suggests the shortage of workers may be holding back the hiring. in kazakhstan, the president has ordered security forces to shoot protesters south warning. he's declaring victory and putting down demonstrations with the help of russian troops. dozens have already been killed and hundreds wounded. it is the most serious challenge to kazakhstan's leadership since independence in 1991. city group is telling office workers that those who do not comply will face termination. a message to staff said their last day of employment would be the end of the month. more than 90% of the team have complied with the taxing ru

the spanish economy minister joined bloomberg tv in an exclusive interview earlier.sten. >> i am more concerned about energy prices because of the geopolitical factors driving them up and creating uncertainty. that is why i think we have been pressing the european union to ensure we have a stronger bargaining power. and also that our market regulation is paid for purpose. kriti: let's look at what is driving those energy prices. we bring in rachel. there is a healthy rise in energy prices and then there is this. what is going on? walk me through it. >> this week, we have seen a bit of a selloff with milder weather and promises of more cargo. starting yesterday and then today, that turned around. we have had big spikes. on the gas side, it is coming from the threat of an invasion of ukraine by russia. the talks with the u.s. and the western allies have been described as at a dead end. on the power side, you were talking about edf. they have discovered some problems with weld on the pipes on a few of the reactors. while the investigate -- they investigate and repair th

an adult conversation on bloomberg tv. the chief strategist at j.p. morgan asset management. [laughter] i do not even know where to begin. jonathan: will cover the bond market on bloomberg real yield to restore your faith in programming. from new york, this is bloomberg. leigh-ann: bitcoin fell to the lowest level in more than five months as the world's largest cryptocurrency drops below $40,000 and hit a high of almost $69,000 in november. virtual coins have become a symbol in the retreat in speculative investment by the prospect of tighter monetary policy. china quietly urging banks to increase lending after a slow start to the year. bloomberg has learned the pboc has given window guidance to large state owned lenders and regional banks and is urging people to extend more credit to companies and households. bank lending was lower than a year ago. ibm has agreed to sell its ibm watson business to private equity firm francis: partners. terms were not disclosed but the price was said to be more than $1 billion. ibm watson health helps medical providers manage data. ibm's new ce

i will be catching up with b of a's david jones in a couple of hours on bloomberg tv. looking over to doing that. there year and call -- there year end call, 4600. we might close there today. tom: what is important is we show all the difference views here, and even for the uber bulls, it is important to listen to savita subramanian. the ratio on the bloomberg is rx 51. don't do this driving. jonathan: thanks for the advice, for those aggressively trying to work out that function. [laughter] something has got to give this year. we think it might be margins. lisa: that is what i picked up on as well. the fact that she said it seems like people have not factored in how much wage increases have factored into the bottom line is something at a time when there are all of these pressures, and at a certain point, companies cannot pass along the price increases directly to consumers. i think it is a big tension coming out of these bank earnings. jonathan: what we have seen in the past week, is that a flavor of things to come this earnings season? lisa: that is basically what jam

you can continue following along on bloomberg tv .will also bring you part of that q&a at a moment. we did want to go live to kennedy space center in cape canaveral, florida, where a spacex thousand nine rocket with numerous satellites for commercial customers, is ready to go live. joining us as bloomberg's ed ludlow. this is basically bring a lot of stuff into space. ed: yes, imagine uber pool, but for government agencies, private sector companies who want to send satellites into space. it is low cost. you can pay $1 million -- sounds like a lot of money, but in the context of space, it is not. literally one satellite or a cluster of satellites on board, and this opens the door for so many other companies have designed satellites, they want to put items in space, but they have not been able to afford to do so until this point. guy: what is on board? ed: one of the most interesting is it is usually military would pay attention to because remember, spacex is really owning this relationship not just with nasa, but with space force, the

great to have you as always on bloomberg tv. ome pretty great milestones recently going into the end of the year. talk to us about the pathway for future growth. rockson: thank you for having me on bloomberg. we're very positive on citibank's future. it's great to share the development of the past 22 months. we launched in march 2020. the virtual back committee has reached a customer base of one million. [indiscernible] just crossed half a million. we grew from 220,000 in 2020 to 500,000. we're still very positive on the development. we remain the number one social bank in hong kong with a number of customers. out of this positive -- [indiscernible] we launched public banking just a year ago. then now we have also launched -- we are the first central bank to accomplish this. we're in the process to launch more. haidi: when do you expect to turn profitable then? rockson: profitability, as we launched two months ago, we had 2024, five years. we're at the turning point coming this year. the breakeven point, 2024. shery: will wealth

this is "bloomberg surveillance ," live on tv and radio.nd lisa abramowicz, i'm jonathan ferro. your equity market down a single point on the s&p. j.p. morgan numbers out 10 minutes ago. tom: and a good opening salvo of what we are going to see per you mentioned morgan stanley, and goldman sachs i believe into next week. all i can thing about as we go to

this is bloomberg surveillance live on tv and radio alongside tom keene and lisa abramowicz. your stock market on the s&p down 52. on the nasdaq down almost 2%. tom: i will go right to the two year yield. we just broke out to a new high. but that in perspective. valentine's day pre-pandemic the two year yield was 1.43%. imagine where we were a number of months ago and how rapidly we are getting near that level. jonathan: we are getting back quickly michael schumacher looking for 1.60 by year end. we have some goldman sachs earnings later this morning. tom: the goldman sachs earnings will be profound. keith horowitz was out with a note on jp morgan. the big shift was may be what we will hear with goldman sachs, which is full steam ahead on capital development, innovation, and simply spending money. horowitz brings the price target down on jp morgan, still up 11%. you wonder if we see the same thing from mr. solomon at goldman sachs, where he says we will spend money to stay out front. jonathan: that is goldman. a lot of people looking to get paid big time. lisa: that is where

hear from the leading names japanese business monday on bloomberg tv.blackstone, the world's biggest asset manager is betting big on investments in asia, it has raised $11 billion for a second private equity fund in the region. su keenan as more. -- has more. >> almost 100% of the investors in the first asia fund have rolled over and went to be in this second asia fund. blackstone says it raised $6.4 billion from investors and will receive an extra $6.4 billion from its global fund. the stock shot up. the geographic diversification and an increased focus on environment and social government. you are looking at the one your chart. the first month of 2021 a great time to be a blackstone investor in the shop -- stock, it shut up 120% -- shot up 120%. the first asia private equity fund is indeed a heavy, the second will have a mix of investment across asia pacific. it is working on three advanced deals in australia, japan, and india. it is doing due diligence. the big investment comes despite increasing risk from inflation and geopolitical tension. and whil

this is "bloomberg surveillance ," live on tv and radio. your equity market is -0.3% on the s&p. just through this morning, starting to fade, negative for just a moment. lisa: raising a question of why earnings don't matter as much as people thought they would. apple having a fantastic forecast, and that has not been enough to believe the results or support the whole index, so where the fundamentals fit into this picture? jonathan: the equity market, the nasdaq still unchanged. kailey: the question is how long that is going to last because we have seen such choppy trading throughout the week. you can fit three to four days of price action into one intraday period. volatility abounds. if apple isn't enough to stabilize things, what is? jonathan: we had a year's worth already. breaking out on tens, breaking out again on twos. euro-dollar is negative for a fifth straight session. lisa: a really interesting point by kit juckes socgen. he said for now, we believe the dollar story has some more likes to go, but out a certain point, we are going to price and those five rate hike, press

this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market up 14 on the s&p, up 0.3%. even if the outcome is clear for chairman powell little bit later, this could be a heated exchange on capitol hill. tom: twos-tens spreads very carefully here. i am watching the bond market. i wonder if it is front running where powell will calm the inflation storms. i am not predicting that. i just wonder how the market is gaming get into 10:00 a.m. this morning. jonathan: also going into cpi tomorrow, 7.1% is the median estimate in our survey so far for headline inflation. lisa: people are baking in three rate hikes, possibly four for 2022. we have seen the buy the dip come in. how much is this predicated on the idea that people do not want to see markets selloff too much? jonathan: to bill dudley's point yesterday, he's not just saying let's go. let's go hard. that is the difference between deadly and the federal reserve at the moment. tom: -- between dudley between dudley -- be

let's bring in our political news director for bloomberg tv and radio, jodi schneider. what is nato's plan in europe regarding russia and the ukraine? >> they are first trying to stop this from happening. trying to put force behind this method of trying to get them not to go in by having troops on the border. by repeating from the u.s. side what would happen if they were to go in. for instance, these sanctions the u.s. keeps talking about. it is first a deterrent good there were a lot of threat today if they do go in, what would be the consequences? that unified strategy is really important both from nato and there was a call later this afternoon with the president and emmanuel macron and other leaders who where they were saying to dado, they were saying some -- saying from data in the west, don't fill in. you will suffer the consequences. shery: what could be those consequences? what is nato's plan for eastern europe? >> talked about bolstering those borders. the u.s. has put 8500 troops on alert to try to stop an incursion by putting those troops on alert in eastern e

here's what some guests on bloomberg tv had to say earlier. >> there was a fear that inflation had toome in harder than -- harder than expected. >> one of the most anticipated numbers in quite some time. >> that met expectations. >> what is the potential rate of faded inflation? -- fed inflation this year? >> inflation is likely to be significantly above what is discounted the fed's target. >> it does reinforce the message we are getting from the fed. >> i don't think there was enough in today's for sport's report to stop them from pursuing this hawkish path. >> inflation is a challenge that they seem to be going to address front and center. >> i don't really think anything stops them from going in march except one of these outlier events. i think they're ready. shery: our next guest is a percent priced in by markets. let's bring in generally, founder and ceo at an investment firm. jenna, great to have you with us . tell us, given that inflation seems to be sort of a given now and an understanding with traders at the moment, how do you hedge? jenna: you always have to talk about the r

heard on radio, seen on tv, this is bloomberg. ritika: president biden reportedly may drop the restraint stance on ukraine. the president is considering deploying warships, aircraft, and several thousand troops to nato allies in eastern europe and the baltics. there is growing concern that russia will attack ukraine. british prime minister boris johnson faces his most crucial week in office. johnson is bracing for the outcome of an investigation into reports he allowed drinks parties in downing street which broke pandemic rules. the results of that probe could lead his conservative party colleagues to force him out. -- real estate trust has agreed to a deal valued at $3.7 billion. the deal gives blackstone a portfolio of apartment communities in 13 states. shares of department store chain kohl's are surging from bids from two potential buyers. it is unclear how much the private equity firm is willing to pay. another value offered $9 billion to kohl's. an activist investor is adding to pressure on unilever's ceo. knutsen felts has

this is bloomberg surveillance live on tv and radio. i am jonathan ferro. this market is starting 2022 in the right way. kailey: the question is how far can the gains last? it seems to be the consensus that 2022 will not bring the kind of returns we saw in 2021 or 2020 before that. we have a guest who begs to differ. jonathan: looking for a year of double-digit gains. looking forward to that conversation. a year-to-date gain of 27%. in many ways, the issues of 2020 are lingering into 2022. matt: the question is can the issues of 2021 stay unchanged in 2022? just because the number at the back of the year portion of the day changes does not mean everything else does. we are looking at earnings growth. we are looking at a fed that, at least for the time being, is -- got a very loose policy in place. a supportive policy in place. you are looking at a government that wants to stimulate that. whether they can is another question. jonathan: the futures are up 31. a nice lift in the last 10 minutes or so. 151 on tens. we start the year on a 10 year yield, going no

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market unchanged on the s&p. anything but last week on that -- on the nasdaq. tom: you mentioned a 1.80 10 year yield. is it grinding yet? maybe it is going to be a grinding wee, up -- grinding week, up, up, up. jonathan: you heard priya misra of td moments ago, and she says this federal reserve, they need to tighten financial conditions. is that what they need to do? tom: this goes off the goldman sachs research note making a splash this morning, and ms. m -- and ms. misra over at td. the facts have changed. they are pulling forward. jonathan: we've pulled forward the conversation about balance sheet reduction. it is not just goldman. lisa: your point, we are not to seeing a broad-based reduction in risk. we are seeing pockets fallout. but there is not this broad-based revulsion at all things risk. how much does this give the fed a green light to go ahead? jonathan: this week, cpi, retail sales, confirmations ea

this is "bloomberg surveillance ," live on tv and radio.eene and lisa abramowicz, i'm jonathan ferro. your equity market up 14 on the s&p, up 0.3%. even if the outcome is clear for chairman powell little bit later, this could be a heated exchange on capitol hill

paul: some recent bloomberg tv guests discussing the volatility we have been seeing in the markets.another jittery session in the u.s., the s&p 500 closing at its lowest since october. our next guest says it is time for investors to find a new driver other than rates. joining us is jason brady, president and ceo of thornburg investment. as refreshing as it might be to talk about something other than the fed and distressed rates driving sentiment, it is pretty much the only thing in town, what else might be driving markets? jason: in 20 hours or so, we are going to get the fed announcements. investors need to focus on the fed not so much as a primary actor here, but as a group that is reacting. what are they reacting to? the economic conditions that we see. for investors, partly the fed reaction function is earnings. we saw good earnings out of microsoft, a company that has an excellent future. is the valuation good or not is a good question for investors. but we thought we would see 2021 volatility. we did not because earnings rule into some of the valuations in the market. the fed

this is "bloomberg surveillance ," live on tv and radio.side tom keene and lisa abramowicz, i'm jonathan ferro. your equity market unchanged on the s&p. anything but last week on that -- on the nasdaq. tom: you mentioned a 1.80 10 year yield.

this is "bloomberg surveillance ," live on tv and radio. your equity market is -0.3% on the s&p.ust through this morning, starting to fade, negative for just a moment. lisa: raising a question of why earnings don't matter as much as people thought they would. apple having a fantastic forecast, and that has not b

and to hear that on bloomberg radio and tv through the morning.have a booking team like we do, our team is absolutely -- many of them work from home, but it has been superb. we said to them, you got to get us first-rate international investor and somebody, expert on european banking. but what we really need is someone who knows negative celsius. you get the rolodex out and there is only one name in surveillance land and that is david haro, packers fan. david, in 2008, giants packers, you are there and it was a -31 celsius when show. how cold was that game? david: it was pretty cold. you have to cover everything up and make sure that's, as you are drinking beer, that you had in your basement, you need a thing to drink your beer because that keeps you warm. you need beer. [laughter] tom: jonathan is taking nose. -- notes. david: you have to start with a brought worse because that is feel. the beers anti-freeze and the fuel is a brought worse. [laughter] tom: thank you for that analysis from balmy chicago. david, on international investment, the fuel

this is "bloomberg surveillance ," live on tv and radio. nasdaq futures down 96, down 0.6%.he foreign minister of russia right now, sergei lavrov, continue to speak in his news conference. tom: you really see it in swiss franc and euro swissie of the tension within europe. this is what bloomberg news does best. lavrov, "russia isn't planning to attack ukraine." it is at the president wilson hotel on the shores of lake geneva. we go uproot to the internet continental opto -- to the intercontinental hotel to hear secretary blackening just a bit. -- from secondary blinken in just a bit -- from secretary blinken in just a bit. we will cover that today, as well as what we usually cover. as you mentioned earlier and i think lisa mentioned, the compression here of news and the exhaustion of the moment of january 21 is just stunning. jonathan: three weeks into it, we haven't even closed out the third week. it all started not to our news conference. at some point, and president -- at some point, the president, and the minds of many, the cleanup act has been quite intense. lisa: it ha

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market up 14 on the s&p, advancing 0.25%. tom: we make clear as we go on this morning that this is a tuesday morning of action, to see the 30 year bond with a leg up gets my attention. jonathan: where 30's are right now is where people expect tens to be at the end of this year. lisa: right now we are looking at a bond selloff that is accelerating at the same time that people are getting conviction, and increasing conviction that we will see new record highs in tandem the way we did last year. at what point is there attention being set appear? at what point does the bond selloff start to impact stockmarkets that really have risen off of this low rate environment? jonathan: let's talk about that now. still up by 0.3%. nasdaq 100 futures up 26, advancing 0.16%, and yields higher by three or four basis point on tens, and on euro-dollar, 1.1276. euro-dollar -0.2%. many of you understanding the relationship between thi

this is "bloomberg surveillance ," live on tv and radio. keene and lisa abramowicz, i'm jonathan ferro. on the nasdaq, off 0.2 5%. the s&p down a little more than 0.1%. tom: a little more constructive an hour and a half ago

this is for bloomberg subscribers only. check it out at tv . >> we need to work through attribution this is part of the russian playbook. and yes, of course, if it turns out that russia is pummeling ukraine with cyberattacks and if that continues over the period ahead, we will work with our allies on the appropriate response. shery: jake sullivan on the cyberattack on the ukrainian government after the biden administration said russian actors were preparing for a military move if diplomacy fails. the tensions adding to europe's energy crunch with gas prices urging again. oil prices higher, about $80 a barrel for wti and brent prices. this as we have opec and eia reports due this week. in the commodities space, we have the bullish sentiment around metals. we are seeing gains although at the moment, we have seen declines after the massive rally we saw given dwindling reserves are actually a concern at the moment. a metals trader saying supplies could falter critically momentum. gold extending declines for a third session after we have seen the do

this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market down by 1.3% on the s&p. on the nasdaq, we are down by almost 2%. tom: a different character to yesterday before the fun and festivities of dow 1000. part of it is getting earnings. i am seeing verizon come up with a modest beat on first glance. these earnings are not a small issue. again, it goes to what we talked about in the last hour and this market, which is that every story, there's two different stories. there's two different fed stories. there's two different company stories out there as well. jonathan: two views make a market. dan ives of wedbush, "we view this as the most important earnings season for the tech space and potentially the last decade." what do you make of that? tom: to me, it is the partitioning coming out of the pandemic of who is going to win and who is going to lose. i just want to say, this is exciting, and whatever your belief, i love what doug kass said about an hour ago. you al

this is "bloomberg surveillance ," live on tv and radio.longside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market down a single point on the s&p. j.p. morgan numbers out 10 minutes ago. tom: and a good opening salvo of what we are going to see per you mentioned morgan stanley, and goldman sachs i believe into next week. all i can thing about as we go to this new our was ben bernanke saying the integrity and crisis of the financial system is a be all and end all. jerome powell and many others delivered in spades in this natural disaster, a banking system that was resilient and prospered. the big question is, now what? tom: the outlook -- jonathan: the outlook from these companies reflected in the reserve relief. things are better, helped out by the policy story of the last couple of years. but things are getting more expensive. that is why we said repeatedly this morning it is about the numbers as an employer. expenses up 11%. they attribute that at to higher compensation. you are going to see that line repeatedly throug

this is "bloomberg surveillance ," live on tv and radio. kicking off 2022 with equity futures higher, and a big week ahead. kailey: culminating in that jobs report. my question is, how close to consensus, if there is any form of consensus, are we actually going to get? i believe we are looking for 400,000, but it has been very hard to forecast whatever jobs report will look like, just as it is hard to forecast where the market is going over the last year. jonathan: it is a moving target. your median estimate is 400,000. does cooling the data help you cool the market? matt: i think if you call the data write and understand how the market values that data, it should help you predict the market outside a fixed income. if you knew what was coming in terms of inflation, and if you knew what was coming in terms of the's hawkish privet, you probably would not expect the 10 year yield to be at 1.50%. jonathan: no way, and that is exactly what we will start the conversation on and just a moment. can you tell me anything about the 10 year whatsoever.

this is "bloomberg surveillance ," live on tv and radio.eene and lisa abramowicz, i'm jonathan ferro. your equity market down by 1.3% on the s&p. on the nasdaq, we are down by almost 2%. tom: a different character to yesterday before the fun and festivities of dow 1000. part of it is getting earnings.

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market up two or three, not even 0.1%. a big get a drop in 90 minutes. tom: a "surveillance" correction, it is retail friday, not retail thursday, as i mentioned in the last hour. this is not a normal cpi reading. everyone is going to be focused on the stunning 7% statistic. jonathan: i wonder what the read will be on retail sales later this week, given how many people backed away from engaging in this economy over the last month or so. tom: what i would note across all of december and the holidays, it was party gate here in america comfort team "surveillance," and not to interrupt the opening of the show, but i think it is partygate in london. jonathan: would you like to go live to parliament? is that what you're suggesting? british prime minister boris johnson facing questions. reporting suggest he has been graded a few minutes to speak. let's take a listen. pm johnson: we simply did not get right, and i must t

mike maximo told bloomberg tv that consumers still have a lot of liquidity to grow the economy. >> weed progress in the recovery and i think you saw that through the loan growth that we saw. it was really across the board both on the consumer side as well as the commercial side. the consumer side, we saw growth in auto, in cars. underneath, we saw some growth in our nonconforming mortgage portfolio as well. we finally started to see some of that growth materialize which i think will be a good thing. >> just one quick follow. on the auto loans, can you give us more perspective? if i'm reading the data correctly, a lot of it was higher value on the loans themselves. with the volume of loans also higher? >> we had a record origination quarter. third quarter in a row in the auto business. about two thirds of the auto business is used cars, so we are benefiting from higher used car prices, but we are also seeing that volume the really strong as well. the new car markets, a little more constrained, but we are seeing that really come through in used car volume which is good given the mix of

this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. futures up 13 on the s&p, up 0.25%. anka of america earnings behind us. morgan stanley still to come. tom: i am really fascinated by what they do. they've had these acquisitions, including eaton vance. i am distracted by parliament. i will suggest that a lot of banks out there want to copy what james gorman has done an excel at wealth management. jonathan: the effort is to do these things organically, whereas james gorman has gone in a different direction and made acquisitions. there's acquisitions at the time to see mick -- the time seemed expensive, now not so much. tom: many people would say he has been bank executive of the decade. maybe mr. dimon will give him some competition on that. to mike mayo's comment, it is easy to do this stuff. then you've got to execute. is morgan stanley executed? -- is morgan stanley executing? jonathan: and the cost story. asked numbers in a decade or so at bank of america. lisa: frankly,