coming up, san francisco mayor london bridge joins bloomberg tv at noon new york time. erg. president joe biden and chinese president xi jinping are expected to meet on wednesday on the sidelines of the apec summit in san francisco. the gathering will be the first face-to-face conversation in a year between the leaders of the two world's largest economies. enda curran joints me now with the details. a pretty high-stakes meeting. what primarily is on the agenda, any angela outcomes achieved? enda: number one is a stabilization of relationships. they will talk about military communications, trade, investment, talk about fentanyl, lots of issues where the leaders will discuss where they can cooperate. some agreement may be on ai, the use of military weapons. ultimately, whatever tangibles come out of it will be small to the fact that they are sitting down in the first place. it looked unlikely as of a few weeks ago with the debacle that we had with the balloon, but it is more about stabilization more than any breakthroughs. dani: i was speaking earlier in the day to a guest

you are looking live at the principal room coming up later today mark rosen joins bloomberg tv at 2:45s thanksgiving eve and a lot of people are getting ready to go on the road, trains, planes automobiles. we were talking earlier about how crop prices are impacting demand for new tractors but what it does mean is the cost of thanksgiving is down a little bit compared to what we dealt with a year ago. guy: are you cooking? kailey: no. my husband is cooking. i will do the dishes. guy: will you really? my son always say they will do the dishes as well and they never do. as long as you play your part, that's good. i can imagine kailey leinz happily watching everything develop around her quite happily. are you flying home? a lot of people will be in is interesting to see what impact the weather has. interesting to see his well what everyone is paying for their failures. last thanksgiving, everyone complaining about how high the prices were. it looks like they will pay a little less. steve prince joins us now. let me ask you a straightforward question, am i going to be paying more for her to

coming up, franklin templeton senior vice president joint bloomberg tv at 1:30 p.m. in new york. mberg. the 2023 dubai air show kicked off with a major deal. emirates airlines wrapped up in order for boeing aircraft. tim clark spoke to guy johnson at the air show and said travel demand is going strong. >> demand is one of the strongest it's ever been in its history. it's a strong as that. the reason we bought these was wanting to replace some of the old 777s. and also expand the network. we have increased the order on the 787's by 38. we will have -- the three 80's will keep going as long as possible because they are so potent for us and our business model. the 350 stop being delivered next year. that will allow us to manage the old fleet and expand the network and do things we want to do. notwithstanding the current situation. if we were driven by short-term we would never purchase an aircraft. demand will restore its self and there will always be bumps in the road. >> we were anticipating we would see a large airbus here as well paid what's holding that up? >> we've been looking

full coverage here on bloomberg tv.entioned about euker teams up with the black cabbies talking of staying relevant. we have a new report on the impact of a.i. on u.k. jobs. it looks like management consultants and people who work in finance are some of the most exposed to changes in the workplace because of a.i. the robots are coming for us. now this is according to this government report. the emphasis really on the need to upscale and reskill. the fight has already begun. the big four ranch up investment in a.i. this is a moment where a little more wisdom is appropriate. lifelong learning is paramount to long-term success charlie munger says. some advice for the management consultants this morning. let's look at some of the events we're watching out for today. we have started getting regional inflation data out of germany this morning. at 1:00 p.m. u.k. time we have eyes on the national headline print for germany. the cpi could get to 2% this month before a rebound in december. before that spanish cpi due at 8:00 a.m.

right here on bloomberg tv, we will speak to the deputy boe governor who is the markets man. be interesting to look at the uk's two year yield shooting above u.s. and german to your yield. as you can see on this chart, they have already been saying in hong kong this morning that rates need to stay restrictive, long and that cute -- echoes the words of the boe governor yesterday. markets have been focused on the data, specifically last week stronger-than-expected pmi's, that's done more to pare back rate cuts than any central bank talk. so, next up, let's have a look at u.s. consumer confidence as measured by the conference board at 3:00 p.m. u.k. time. the expectations for a decline would weigh on the higher for longer rates narrative. so, we wait for those numbers. finally, 6:00 p.m. we get the u.s. treasury selling $39 billion of seven-year notes. we've already had the five-year period to your options opening a pathway for a revival in treasuries in the eyes of many u.s. debt watchers. here in this chart you can see demand rebound deep -- rebounding slightly at the five-yea

good to see you on bloomberg tv. that was the deputy director at the imf. is report already on the bloomberg terminal for everybody to read. kriti: we will be following the comments later today. maria tadeo speaking to the direct -- deputy director of the imf. growth brings me to a key earnings story that exemplifies what we are watching in broader economy. dhl numbers coming out as well. third quarter revenue coming in at 19.4 billion euros. the estimate was just 21 billion. they are narrowing their full year a bit forecast come expecting to deliver lower earnings and their revenue as well. not great numbers. we will see how they open at the european open in about 90 minutes. much more to come ahead. this. ♪ -- this is bloomberg. ♪ kriti: also making news today, we go back to the middle east. israel singing troops are pushing deeper into gaza city after encircling the northern part of the palestinian enclave. the white house it says -- says it doesn't believe israel should reoccupy gaza. benjamin netanyahu said his country could keep security control over t

haidi: a lot more of those conversations on bloomberg tv. kong, speaking with industry leaders and policymakers including ceo nicholas and peter harris along as well. and we do have breaking news when it comes to the origin deal. things might be getting hostile. we are hearing that brookfield and tig are launching a hostile takeover bid for origin energy by christmas so this is what we know. we saw origins biggest shareholder, australia's pension fund boosting after declining to get involved with further talks over this 12.6 billion dollar takeover plan. according to reporting from the australian news this will be at a lower price than nine dollars 53% on the table. shareholders will vote on the transaction for approval but under the structure they buy directly shares off the market. it is understood that the takeover will be put forward by brookfield and aig in the coming weeks so we continue to continue to watch that but things could be taking another germanic turn. they're also saying australia should either make a rival bid or back off.

we will have more live from the high-level conference in hong kong later on bloomberg tv. be speaking with executives and policymakers. on everything from key challenges facing the global economy, as while us china -- as well as china. this is bloomberg. ♪ what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >> we know the prices are still too high for too many things. that times are still too tough for too many families. but we've made progress. but we have more work to do. let me be clear -- any corporation that has not brought their prices back down even as inflation has come down and supply chains have been rebuilt, it is time to stop the price gouging. shery: u.s. president biden on america's inflation fight. despite the high prices, we continue to see american chopper

securities and exchange commission are joins -- commissioner joins bloomberg tv. this is bloomberg.s are soaring as local markets reopen following the decisive victory of javier milei. mark mobius, president of mobius investment consulting, says these changes can be an opportunity. he joins us now from dubai. thank you for being with us. we talk about the changes he is hoping to bring it includes the dollarization of the economy, potentially shuttering the central bank. what is the investment opportunity in that? mark: it is all about the currency. as you know, if you go into a place like argentina where there is inflation, we were investing at one point when it was about 2000%, and it was very difficult. we had to buy companies on the basis of their book value rather than anything else. at the end of the day it has been a very dangerous place to be with the currency the way it is and with inflation in that situation. now if they -- that is a big if, by the way -- if they go ahead with that it will be an incredible boost for the economy and the country. you will see inflation down d

coming up, the visa chair joining bloomberg tv at 2:30 new york time. this is bloomberg.ncisco today. president biden and chinese president xi jinping hours away from coming face-to-face at the conference. a much anticipated meeting taking place on the sidelines of the summit. look -- joining us is annmarie hordern. this meeting highly anticipated. >> about 2.5 hours president biden will brief president xi a few miles south of where we are sitting. this gorgeous estate. a little bit more relaxed feeling. it's going to be for hours, president biden will brief the press. the biggest deliverable is the fact that leaders of the two biggest leaders in the world will be meeting. for president xi jinping he hasn't been to the u.s. in about six years. on the u.s. side we are going through an election year. president biden wants to make sure there are guardrails around the relationship. he said before departing the white house he wants to make sure they can call each other if there is conflict. he wants the militaries to have a normal cadence of dialogue which was happening before

sarah joins bloomberg tv at 2:00 p.m. new york time. erg. ♪ the data we got earlier, consumer spending growth is slowing. consumers look to be getting choosier about what they are buying. in october, that was the case. want to get more insight with a senior economist. what did you think of the numbers today? >> the numbers today were not exactly surprising. they came in pretty much in line with consensus across the board and what we are seeing is that consumers are still expanding their spending even in real terms but at a slower pace and that is pretty consistent with a lot of the signals we have been seeing. if you look at the labor market which is driving a lot of spending and supporting spending, we have seen that jobs continue to be added, unemployment remains low, but wage growth is slowing, jobs growth is slowing, it is taking longer to find jobs so there is this gradual slowing and we are starting to see that with spending. guy: good morning. anecdotally, this is what i see happening. a lot of people deferred spending in the run-

jonathan: from our audience worldwide, this is bloomberg surveillance on tv and radio.t 4%. general motors and the premarket, the stock was up by 5% the last time that i looked. t.k., an update to the guidance, lower than previous guidance with the stock up 7% with a big capital return program. $10 billion stock buyback program, and then you have some cuts to spending in certain areas. tom: sam stove all, the interview of the days you and mary barra in the 9:00 hour. this is a multi-faceted screen from an underperformer. jonathan: change in strategy or execution? tom: on the financial side a change in strategy, no doubt. the making of automobiles, which is a lousy business, i am not the auto guy. lisa: there is an important transition with ev's and who will win given the preeminence -- certain asian producers i would argue have come out with lower-cost models with bigger pools of lithium and resources. there and -- and there is the question of labor in the u.s. the uaw negotiations, was at the last gasp of labor preeminence and industry that is increasingly looking to t

sonali: that was rebecca babin speaking on bloomberg tv referring to issues between opec-plus nations after pushing their weekend meeting back to next week. joining us now is bloomberg's vivica kumar to talk about expectations. the market is respecting -- is expecting a cut here. how reasonable is the expectation and what's the process to get there? what's going into the weekend most people priced in an extension of least saudi arabia and unilateral cuts into next year. now it will be necessary to prop up or at least linda for two prices because there are significant questions about demand and supply. with the latest snag we will probably see other countries have a pretty strong say on whether they want to join saudi arabia on this effort or not, particularly, african nations. there has been a lot of discussion back and forth about whether or not they have the capacity to produce at higher levels. there has been some pushback from nigeria and angola in particular about wanting to produce higher quotas. sonali: we were talking about this idea before. we are about back to a 76 handle. y

coming up, david duncan joining bloomberg tv at 1:45 p.m. new york time. erg. ♪ >> this is a complicated question on what has been driving the longing of the yield curve. some people point to premium. i joke that term premium is the economist's version of dark matter. it is the stuff we cannot explain. not that our models are wrong but dark matter is out there. if it is the term premium, it is doing work for the fed. guy: a men moving markets, neel kashkari, minneapolis fed president speaking on bloomberg television. a couple of hours time we will find out how hungry investors are for u.s. debt. the treasury will be auctioning off $48 billion worth of three-year notes. we are waiting for some of the longer duration stuff in a few days to get a real clue as to how the auctions will go. do we get any clues today/ priya misra joining us now. are we going to be able to deduce anything about demand from this three-your auction or do we have to wait for the 10's, etc.? priya: i think we have to wait for the 10-year and 30-year. this was driven by the long end. th

cathie wood, investment ceo and ceo -- and cio joins bloomberg tv at 2:00 p.m. new york time. g ♪ >> net power reported results today and the company is squarely in the center of the energy transition and is designing utility scale clean energy power plant that may be operational by the second half of 2027. shares down 20% off the back of these results. we are joined by net powers ceo, daniel rice. if we could begin with your results. a wider loss reported than expected. you are getting punished by the market today. when can you tell investors and traders that things will turn around? daniel: great to be with you. it was less about the results for the courtyard. we are a pre-revenue company. we are designing and inventing a new power plant that uses natural gas and converts it into carbon free power. totally transformative to the power industry. expectations are high and the anticipation of what we are delivering to the market is incredibly high because the world needs access to cleaner and more affordable power and it is a solution. the market is asking us get us these plants

guy: this is sarah malik joining bloomberg tv at 2:00 p.m. new york time. it seemed inconceivable that the u.s. could have a relationship with such an extreme, zealous regime as mao zedong's. remember, the cultural revolution was in full spate and most people thought the regime was just nuts so the very idea of trying to establish a relationship was kind of a minority pursuit. what kissinger brought to the idea was an incredible finesse when it came to building the relationship fi the joe and my -- first with the premier and then with mao himself. guy: speaking of course about the legacy of henry kissinger, the former secretary of state. he died yesterday at 100 years old. he played a key role of course in soviet and china relations during the 1970's. joining us now to talk about kissinger's impact on the global stage, george magness, research associate at oxford's china center. george, great to see you. let's start with that china kind of element of the kissinger story. he is so often credited for opening the door to a different relationship with china. as

s autumn statement with the jeremy hunt speaking on bloomberg tv.an catch that on the terminal and online. a major european story we are following, german chancellor olaf scholz set to be engaging in near nonstop negotiations to address the political turmoil after a shock budget ruling by the country's top court. i want to bring in a bloomberg's germany bureau chief. we have been watching this very closely. walk us through what we need to know in terms of this judgment call basically. christopher: yes, it is really hard to overestimate the potential impact of the bombshell ruling from last week. it basically called into question the practice of shifting basically billions of euros in funds from an off budget accounting into the federal budget. there are two major things that play here. one is the big question, will the current ruling coalition be able to sort that out within a matter of days? they have been meeting almost nonstop since the ruling was announced almost a week ago. at the same time also, there is a big question mark whether or not germ

. >> those were some bloomberg tv guest earlier talking about the market rally.ovember has been awesome. what is this valley. is it short covering, a that things are ok or is it liquidity. does liquidity explain the rally? joining us now is katrina dudley. what say you? is it liquidity? katrina: i think it is confidence in the market. people are looking at so many data points and say i've got my job and my job is secure and i'm spending because i have job security. i have contained oil prices, i've controlled my housing costs in most situations and so i think the rally -- the market is rallying on the fact they are moving with confidence. >> does inflation come down in that scenario. maybe the fed needs to hit it hard. >> i think we are in the final mile when it comes to the inflation number. the fed has really done its job. looking into this we are now down to 37. if i look at what's going to drive inflation going forward most of those headwinds are starting to wait. >> what do you think -- i am really struggling to put those together. if the consumer feeling gr

that's something that reaffirms what happened yesterday in the bloomberg tv interview.zy: the leaders of germany and italy say that they are making progress on finding an agreement on the new e.u. fiscal rules. the fiscal impact limits debt across the area was suspended during the pandemic. with the rules coming back in, governments are looking to make changes to be existing. germany's government has indefinitely suspended the -- on the 2024 budget and that comes after the highest court declared last week. they plan to move 60 billion euros to acclimate fund break fiscal rules. it sets to close on december the 15th. the government could struggled to push through this year. let's dig deeper into what's happening in germany and italy's economy with our panel now. i will start with you. why are the relations between germany and italy so important? >> it is safe to say that oath countries are very relevant when it comes to decision-making on the european level. both are two big economies that are really key for the european union to come to a joint position and also, anothe

this is "bloomberg surveillance" on tv and radio. alongside tom keene and lisa abramowicz i'm jonathan ferro. slightly negative on the s&p 500. tom: did you see yields yesterday? i woke up to lower yields. what i am focused on is housing and how it folds in with housing data today. we are all laid up for a lazy path into december but i have my radar up. jonathan: cumulative inflation is what you are focused on. "it is hard to find an area of household budget that has been spared. groceries are up 25%, same with electricity, used car prices have climbed 35%, auto insurance up 33%. rent roughly 20%." that is the reality a lot of americans are living. tom: the pushback is there are rising ranges and i think the public does not buy it. the public saying we do not feel the rising ranges but i'm focused on rent and multi family folded into today's economic data and how that follows into the stock market. jonathan: dip keebler to inflation of the last three years is why so many people indicated they do not feel good about this economy. lisa

. >> you are looking live at the principal room, coming up, timothy masted joins bloomberg tv at 2:45rk. ♪ >> by think the lower end of the market, lower to middle end, that consumer is stressed and stretched and looking or values. if i had to pick a word for the holiday season, it is the consumer looking for value. it deals are important, not necessarily 50% off 25% off were dirty percent off. the consumer is making choices. dani: steve of mastercard speaking to us about consumer trends. for more on retail, paper sandler senior equity analyst joins us now. a lot of that conversation was on online shopping everybody has been talking about this many coming out of adobe analytics, but you say there are some exceptions including lululemon and. that freaks me out. i am not willing to go back to the 2000's and get out my pair of ughs. abbie: i think the consumer is being selective with their spending. there is this notion of value with discounts but also a notion that you are only looking to the product that you want, the hottest out there. this holiday, that happens to be lululemon, guh,

alix: those are some bloomberg tv guests weighing in on why it is not a straight line. fair enough.e try to make sense of the moves over the past week or so. has goldilocks beaten the bears? with us now is marta norton, chief investment officer of morningstar wealth. what do you think? marta: yeah. it is obviously the question of the day. we saw this tremendous move. i think a lot of data we saw, whether it was the treasury announcement, the fed, the jobs report is enough to push markets into an enthusiastic period. . one thing we have to recognize we have a data dependent that is a really confirms the recency bias we have. the data comes in is the data dictating market performance until we have a new piece of data. the thing that comes to mind as we have a number of reports still to come between now and december, so we still have a little bit more of a read on what is happening with the economy. i think we need to step back from the data and look at what the trends are. overall, the trends are suggesting a cooling consumer, maybe not a collapsing, but a cooling consumer. that is so

kriti: the united states trade representative speaking to bloomberg tv exclusively. go on to say the u.s. is committed to seamless renewal of the african growth and opportunity act when it does expire. joining me now, jennifer who did conduct the interview. what more did katherine tai tell you about the future of the agreement? jennifer: the key is that katherine tai is the head of the u.s. delegation at the forum happening here. this act is expiring in two years and what is critical now is how to make this 23-year-old agreement work better for both sides. there's been a lot of criticism that it has not worked equally across this continent in particular we see it more, industrialized countries benefiting and less smaller, lower income countries. what she told us is that she agrees it means modernization, it means utilization rates need to be increased the next few years. also, what does life after this mean? a lot of countries we have seen, they graduate and do not have a path forward. she wants to make sure this agreement is modernized to benefit everyone. we think

ceo ken griffon who gave millions to ron desantis for his campaign for florida governor, told bloomberg tv in the week that he was actively contemplating backing haley. haley also appears to be building some momentum in the polls as a alternative to donald trump. a new poll by cnn and the university of new hampshire that was released yesterday had trump with a still commanding lead at 42%, but haley is now a pretty clear second choice. she was at 20%, 6 points higher than governor chris christie. >>> next we'll turn to sports and bring you the highlights from thursday night football, a game that lost two stars to injury before half time. that always seems to happen on thursdays. >>> plus shohei ohtani makes history again. all that and a look at the weekend forecast when we come right back. >>> in the pocket. a lot of traffic by nelson to the end zone. somersault touch down. >> that's ravens receiver nelson avular taking it to the end zone for a 34-yard score in the second quarter. baltimore re-claimed the lead on that and never looked back while the they are the clear favorite. lamar jacks

alix: this our bloomberg tv guess earlier weighing in on the future of fed moves.re for longer no longer is the question of the day. sarah kunst is a managing director of cleo capital, with us now. you invest in early stage companies, yet you obviously have to look at the broader market as well. what do you think? higher for longer no longer? sarah: i do not doubt chairman powell. he is pretty serious, right? i think we are in hire for longer. not forever longer, because it has been a while since the last rate hike. the reality is that the people who are hoping for a present this weekend in the form of a rate cut, i think they are way too soon on that one. guy: the market likes it, though. the equity market loves it. does it feel like a frothy story? everybody seems to be off to the races, the ipo chat. christmas is come early, basically. sarah: anytime gamestop is up, i feel like we must be in 2021 again. there is a little bit of froth in the market right now. look -- people need hope. it has been a really long year. but at the same time, for me, i am more interes

coming up, on bloomberg tv, we catch up with j.p.enjoyed his research. a rally and a massive month to date rally on the s&p and nasdaq. stewart's point is this is not just about the bond market. it's been built on good data. he says when it starts to turn, you need to turn away as well, away from the equity market. until then, stay constructive. job claims eight minutes away. lisa: good news is good news, bad news is bad news. the fact that he has to say that tells us where we are, that it is so controversial. it gives you a sense of where we are at in terms of this year. i'm curious to see how he sees that in terms of the tipping point and whether there's any leading indicator, that we are not going to be able to trade the weakness until it's too late when it shows up. jon: 4200 on the s&p 500. that's quite a price target. we have a 100 at deutsche bank, 5000 have bank of america, 5000 rbc. jp morgan at the bottom of the pile looking for 4200 with a downside bias. there words, not mine. rapid fed easing. we expect a more challenging

in the next hour on bloomberg tv is going to weigh in on the bond market. all of that and more. st in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. >> this year has been more of a pivot to the wide-body orders. we saw strong narrowbody order, no doubt the world is on fire. it's a resilient industry and industry still recovering. we take the resilience of this long-term demand is there and that is explaining this need for airlines to get ahead. >> chief executive officer of boeing commercial airplanes. $52 billion, really interesting and it talks about the expanse of international travel. but moving towards abu dhabi they are building an entire new airport where they have two international efforts. lisa and tom keene, jon

talking to bloomberg tv earlier.ut they cleared it and sound more positive on the ability to deliver. i think that is the message. now they are being able to ramp up and they have to be cautious which is amazing considering the demand picture. alex: what is staggering to me is c.e.o.'s seeing potentially 50 million americans could need access to drugs and opt in. guy: it is not just that. it can treat all kind of things. the weight loss is the drug that could be used to kind of off prescription to treat weight loss because it is the combination but the ability to use these compounds for so much more seems to be out there, the potential for that. so that number is huge but then you add on the other extra potential uses and the numbers get eye watering so quickly. you wonder what the demand is further down the road. it could be astro knowledge nick when they -- astronomic alex: two things i learned. one you have to give small doses to start so that is why it is building up because they want to preserve the shots for th

alix: those are bloomberg tv guests weighing in on the fed's next move, which brings us to the questionf the day. who matters more to bond markets, yellen or powell? and i'll throw in the data, too, because clearly you're seeing a reaction to the weaker i.s.m. more buying in the long end. laurie brignac is head of global liquidity, joins us now. what say you who matters more, the bond market, yellen, powell, data? laurie: we saw what the treasury had to bring this morning, so i would say right now powell is going to win. but if you really think about it, they've been working very well together. when you look at the sides of the fed's balance sheet, they've been able to reduce the size of their balance sheet by a trillion dollars fairly successfully. this afternoon, obviously it's going to be about what the fed does or doesn't do. but also it's going to be the q&a. it's going to be the presser after the fact. and see how powell is looking at the economy. guy: good morning, it's guy. really interesting piece earlier on, and one of the points in the piece was we still don't know why the lo

bloomberg tv will be on the ground speaking with leaders as talks continue throughout the summit.aidi: in conjunction with all of this, we got the release of the meteorological division, there provisional state of the climate for the year, basically, in 2023. it is fascinating. it has been the hottest year on record already, and we still have a full month to go. temperature is around 1.4 degrees celsius. that's 2.5 degrees fahrenheit. the tidbit that stuck out to me is that the area etsy covered in ice in antarctica has reached its lowest extent on record, so the ice is really just disappearing in antarctica. haidi: we already saw this in terms of hottest month, hardest start to summer, hottest start to spring we saw in early summer. just an incredible year. his it's wonderful when you are sitting there but also very boring given that there was nowhere near the highs of summer, so we are seeing these really hard statistics when it comes to what is going on to the oceans. we heard from antonio guterres, the united nations secretary general, saying record global heating should send

haidi: let's look at how our bloomberg tv guests have reacted to that latest fed decision. >> peoplee immaculate disinflation. we usually think you need a weak economy to pull the inflation down as rapidly as a has been falling. >> clearly what the market saw was a preference for the worry of tightening financial conditions. we are sufficiently restrictive. >> inflation is too stubborn. if i were recommending or talking a jay powell, i would recommend you leave the door open to doing more. wax our concern is around may and june, where is the fed going to be. i think the optionality to have rate hikes on the table and that every meeting is live is really important. >> we've taken a bring for six months, and the evidence accumulates that monetary policy is not as tight as you think it is and is starting to become an anchor. wages are stuck at 4.5%. then it's unlikely that one quarter-point move is going to be sufficient to do the job. i think it's either zero or multiple rate hikes. haidi: let's bring in our executive editor for asian markets. paul dobson with the latest. when you take

for our audience worldwide, this is "bloomberg surveillance" on tv and radio. alongside lisa abramowicz, i am jonathan ferro. equity markets pulling back, but what a rally over the last week or so. six-day winning streak on the s&p 500, seven on the nasdaq 100. the nasdaq 100 up by more than 7%. lisa:? ? is it durable everyone was saying it comes down to whether we get stability in yields. clearly, there is a feeling of unease we got from that yesterday, and some fed officials are pushing back on that. are we going to hear more of that? jonathan: neel kashkari in about 90 minutes time. too early, too soon to declare victory. lisa: how much is he pushing back saying we'd rather err on the side of over tightening then under tightening. at a certain point? , who matters? does neel kashkari matter more than fed chair jay powell? is this a game of chicken, or is there something more material here? jonathan: let's get to the pushback. morgan stanley, the pushback. we find it difficult to get more excited about a year end rally. dovish central banks, "knee-jerk positi

fund ceo ken griffin, who gave millions to ron dans for his campaigns for florida governor, told bloomberg tving backing haley. a new poll by cnn and the university of new hampshire released yesterday shows donald trump with a commanding lead in the state at 42%, but haley the clear second choice at 20 percentage points. six points higher than chris christie. joe, nikki haley had a couple good debates, particularly the last one with five of them on the stage. she certainly shined. i guess the question is, does any of it matter given the margins donald trump has? >> i mean, 42% matters. imagine barack obama was running to be democratic nominee even this year in an open field. would he be getting 42%? it'd be 85%, 90%. there's still a lot of doubt in the republican party about donald trump. nikki haley at 20% is pretty good. i will say, if a donor, and i'm sure you'd be the same with me, if a donor said they were actively contemplating supporting me and i was sitting across the table, i'd do this. >> yeah. >> okay. >> that's what i'd do. >> i'll be here. you keep actively contemplating. >> just

next hour on bloomberg tv, the excellent lisa shannon of morgan stanley.pening bell. this was wonderful. love being with you. jon: great -- tom: great. qpr are in london. jon: west london. tom: on the way to heathrow. jon: yes. tom: chiswick. jon: sort of merit. tom: ok. jon: we have been there before. one of those close, warm, old-school stadiums. tom: like richmond. jon: just like richmond. from new york city this morning, thank you for choosing bloomberg. good morning. ♪ j.p. morgan wealth management knows it's easy to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. the power goes out and we still have wifi and manage your investments to do our homework. and that's a good thing? great

this is "bloomberg surveillance ," live on bloomberg tv and radio. i guess tom would say you had pulled the short job, being here. how was your thanksgiving? gina: it was great care how was yours? lisa: great. i did some research on what aspect of the meal was the best. gina: i really love the sides. my husband is a specialist in the side dishes, from the green bean casserole to the stuffing to all kinds of corn dishes and things all of the sides are wonderful. as much as i love a turkey, i love all the sides, variety in the sides. lisa: an associated press survey came out that said you numb in 10 people so the turkey was the highlight. more than 20% said the sides. this is a morning that will be slow, and a lot of people will talk about what they talked about last night. they will also talk about black friday. gina: it will be really interesting, because there are very low expectations for the consumer, and this is something that is not often times discussed. we are all worried about the consumer, but we have been worried about the consumer for so l

that is also why when we saw, for example, the microsoft ceo on bloomberg tv saying he was seeking governanceation seats but it would mean microsoft is not going to be surprised if there is another attempt to oust the ceo. i hope that sheds light on the matter. kriti: not only are they vouching for a board seat but who is on the board. ed walk through it but brett taylor. not only was he the chairman at twitter before it became x but he was also the co-ceo of salesforce. adam d'angelo is the ceo of cora. there is an effort to make a little diversity and inclusion push. they are also looking for senior women. what does that tell you? there has been speculation about whether or not stocking the board with those kinds of names, including nadella or other microsoft representation, would push openai to be more than a non-profit. alex: i think the challenge was it was relatively small. essentially four people voted out sam altman. we are looking out for a board that could be three or four times as big as that. it is seemingly going to be leaning more on the silicon valley luminaries that make up th

us on this thanksgiving is alexander heffner, the creator of "breaking bread with alexander" on bloomberg tvunites americans rather than device in this that has plagued contemporary politics. and the host of "the open mind" on pbs. thank you for the conversation this morning and for being here. we just heard from a viewer who said i want to be able to talk to the other side but the one time i did it did not turn out so well. any advice for her and others? guest: keep at it. civil discourse is the great deterrent in public life in a civil society. you can see the mayhem overseas. not just this year but often we have had a domestic tranquility here. i think it's incumbent upon all of us as citizens to recognize the realization of life, liberty and happiness is dependent upon us learning across differences, being compassionate listeners and ultimately empathy. we need empathy as our emotional, social political intelligence to build bridges, in order to construct consensus and ultimately forge compromise in the legislative process you and your colleagues on washington journal talk about every mo

us on this thanksgiving is alexander heffner, the creator of "breaking bread with alexander" on bloomberg tvunites americans rather than device in this that has plagued contemporary politics. and the host of "the open mind" on pbs. thank you for the conversation this morning and for being here. we just heard from a viewer who said i want to be able to talk to the other side but the one time i did it did not turn out so well. any advice for her and others? guest: keep at it. civil discourse is the great deterrent in public life in a civil society. you can see the mayhem overseas. not just this year but often we have had a domestic tranquility here. i think it's incumbent upon all of us as citizens to recognize the realization of life, liberty and happiness is dependent upon us learning across differences, being compassionate listeners and ultimately empathy. we need empathy as our emotional, social political intelligence to build bridges, in order to construct consensus and ultimately forge compromise in the legislative process you and your colleagues on washington journal talk about every mo

bloomberg's of carbs can watch us live using the tv function. this is bloomberg. ♪ >> u.s. been open for training for almost an hour. it looks to be lower or at least pointed that way. the nasdaq has been a bit of a relief to the market where there is a little bit of pressure following what really was the s&p 500 falling into correction territory. in terms of bond futures as well, we are also seeing some more money baby coming out of the state tenure part of the curve. it may see more some -- some were basis points. the two year yield nest on friday at 5.06%. it has been massive volatility in the bond space and in terms of energy, we are seeing wti crude and brent crude down very fractionally at the moment. $.20 apiece or so. brent crude trading at 18127 per barrel. wti trading at 76.98 per barrel. we are staying above $37,000 at the moment. we are down about .3% but trading at 37,000. now we have some breaking news out of japan. >> yes. the ppi numbers are really interesting. it doesn't necessarily go very well for the 2% inflation target. we have seen that reflation trend

bloomberg. we welcome our tv and radio listeners, tv audience and radio listeners.o talk about what is happening in the ev space. press -- polestar fresh off of its investor day which featured ev prototypes. we now welcome. -- we now welcome polestar's ceo and resident -- it says a gearhead, matt miller. what do you want to convey about where this goes next? >> good morning. our message from our polestar day is a very positive one. we have two major parts, one is the great news about the product rollout and the other part about what work we have done over the last summer about the business plan. obviously making that a strong and resilient business plan which means a clear view on the breakeven, cash flow breakeven. 2025 cash flow breakeven empty funding needed from today until this breakeven, a clear defined amount of $1.3 billion which we want to cover. what i would call a very manageable funding need. these two are the key cornerstones of this business plan which i think every nose is not based on dreamy production, but really a very realistic and achievable volu

tv go. you can dive into any of the securities or bloomberg functions we are talking about lust become part rsation by sending us instant messages during our shows. this is for terminal subscribers only. check it out at tv . this is bloomberg. ♪ (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ the chase ink business premier card is made for sam who makes, everyday products, designed smarter. genius! like 2.5% cash back on purchases of $5,000 or more, so sam can make smart ideas, a brilliant reality! chase for business. make more of what's yours. haidi: dp world is is still working to restore operations at its ports after a major cyber attack on friday. paul allen joins us now. what has been affected? what are they trying to do to get things back on track? paul: it handles almost 40% of the trade coming in and out of australia and the ports that are affected are not insignificant either. sydney, melbourne, brisbane, near the city of perth as

this is "bloomberg surveillance" on tv and radio. your equity markets slightly negative on the session. this equity market is up big time on the week. s&p 500 closed out 5% so far over the previous four days. tom: while you were gone and before the fed meeting, the blinking on the bloomberg terminal, i have never seen a market get out front with a fervor before that announcement and before that press conference. jonathan: how many times am i going to hear you say, before you were gone? we can get five more frozen? tom: we will skis -- squeeze them in. jonathan: every time we tune in, you say it is a beautiful thing. jon is on assignment. my voice is on the cover remote. apple on deck with earnings after the close yesterday, apple in the premarket a little softer. i know where you are going with your commentary this morning. i will offer up the opposing view. tom: please. jonathan: four corners in elk grove. problems with the iphone, struggles in china. you are going to talk about margins, record service revenue and foreign exchange.

this is "bloomberg surveillance" on tv and radio. your equity market, positive again on the s&p, this line from julian emanuel of evercore, who nailed it on nvidia. tk, grade is not always good enough. tom: grade is not good enough and citigroup came out with something. it is a range-bound by, which you rarely see. worries about china. notice after 4:00 p.m. yesterday. the world stopped at 4:20. it is worse than apple. jon: this is the darling of the stock market rally this year. tom: some of these people are saying it works. maintained buy, but how much richer can rich get? jon: justin -- just another run-of-the-mill blowout quarter for nvidia. lisa, i think this is amazing to see. nvidia's third-straight double digit percentage beat. lisa: this is exactly what i was looking at, the actual numbers. revenue will be about $20 billion. the expectation sensibly was $17.9 billion. some people had expected as much as 21 billion dollars. this was punished in the aftermath, but this came even with the declines they saw in china, which means

tv . this is bloomberg. ♪ the first time you connected your godaddy website and your store was also the firstalized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com question friendship. >> from visiting australia's biggest ally, the united states becoming the first australian prime minister in seven years to visit china. meaning xi jinping wal-mart a sudden change in the climate. china australia relations turncoat in 2020 when scott morrison called for an international investigation into the origins of covid-19. china began imposing a series of trade strikes including barley, wine and coal. a chinese diplomat presented in australian reporter with 14 grievances. to making statements from the south china sea. they presented the opportunity for reset. china gradually while back the trades -- trade strikes. australia decided not to cancel chinese company land bridges on the part of darwin. albanese signaled he sought to build a relationship with china based on honest

for bloomberg subscribers can catch everything live using tv . s bloomberg. ♪ >> south korea is banning short selling of stocks monday through next jean -- june as they say they have uncovered major illegal activity. this is a fascinating story. what led to this? why is korea self -- banning short selling and for so long? >> good morning. this is the fourth time that country has done this but unlike previously where there were global financial crises, this time a lot of investors are saying there is no global financial crisis. south korean authorities say they are introducing the full-scale ban on shortselling and that there have been cases of selling that are illegal in south korea that have her markets role of finding prices and distorting it. they also say there are growing uncertainties in the market, the israel-hamas war and authorities need to respond preemptively but it seems a lot of analysts believe the latest mood has been much more politically motivated than in the past cases. haidi: what are investors saying about the ban? do we expect

tv . this is bloomberg. ♪ haidi: jp morgan is searching for a potential partner to grow its private credit bank continues to push into the lucrative corner of leveraged finances. but as get news from the finance editor, how is jp morgan approaching this deal to find a partner? >> this is the fairly early stages of what we already know has been a $10 billion set-aside for jp morgan to expand into the private credit sector. at the moment it is exploratory in the since we are looking at all sorts of different investors from several wealth funds to pensions and potentially some alternative asset managers who might provide the capital that will flow behind these investments in the months and years to come. a significant development to see how they will end up partnering with and the type of investor that ultimately comes on board for this partnership. very early stages. nothing set in stone for this one yet. clearly if the growth of private credit across the world continues as it ramps up, it shows that jp morgan is going for it pretty hard at this point. vonnie: it set aside $10 billion for th

bloomberg's subscribers can watch live on the terminal using the tv function. shery: bloomberg has learned blackstone is the front runner to when a portfolio of commercial property loans from failed like never -- fed lender signature bank. the regulator looking to offload $17 billion in debt. su: that is the portfolio being bid on at this point. this is part of a greater effort by the fdic to offload already 3 billion in loans. that is the total it sees when -- it siezed when signature bank failed. regulators have been trying to sell off the loans to the best bidder. they have been marketing loans backed by retail, industrial, office and apartment buildings. bloomberg has learned from people close to the matter blackstone has emerged as the lead bidder for the portfolio of 17 billion in commercial property loans. the sources say ft ic officials are in final discussions to declare the blackstone bid as bringing the lowest cost to the agency. the best fit according to their categories. blackstone is said to be in talks to partner with another firm, rialto capital

jonathan: this is bloomberg surveillance on tv and radio alongside tom keene. your equity market is very positive. 0.1% on the s&p 500. two hours and 30 minutes away from the big data point of the day. tom: it is a big deal. i will look at this. gasoline prices and will the rest of the all -- it all come down? it will be a mystery until 12:30. jonathan: jefferson and whole host of federal reserve characters. tom: i am looking forward to it. we will do it with a sprightly attitude and not too much seriousness. a little bit of over communication. jonathan: maybe. getting a ton of outlooks on wall street as well. the bank of america fund managers survey, listen to some of these highlights. 76% of respondents say the hiking cycle is over. 80% expect a short raise, 61% expect lower yields and just 6% see higher cpi in 2024. lisa: this is a big conviction call that bond yields have peaked. what i thought was interesting within this survey was that investors were throwing away their cash in order to hold the biggest overweight position in bonds going back to 2009. thi

this is bloomberg surveillance on tv and radio alongside tom keene lee that abramowitz.rket positive again this morning and the s&p up by 0.4%. after a monster day of gains in yesterday's session. tom: it will be interesting to see how that adjusts, but what is important is the markets lifted in the last hour. there is a continue debated to this market exactly like there was yesterday. i waited for some sense of pullback yesterday, it just never came. jonathan: police we went are some of the numbers earlier this morning. the small caps up by more than 5%, yesterday this year. real estate get some relief off an aggressive move in the bond market, yields down. >> the sound of victory being cheered across wall street, maybe, maybe not. but does it matter? that is ultimately the question and be kind of her that tone when he was saying enjoy the spoils of market momentum. how many people are feeling the same? ride this to the end of the year because it doesn't seem to be showing any signs of abating. tom: their seasonality, a lot of good research on that. but as we were going

this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz. your full impact just a touch, a five-day winning streak, and nasdaq 100 highest since january of 2022. microsoft record high, nvidia all-time high going into results later. tom: how stupid is this. we will inform you on tech today without all of the absolute insanity of the last three or four days. nvidia on the bloomberg, 117 they are growing so fast. near the estimated pe is 46. >> absolutely nuts. it is the number one performer on the s&p 500. q1 earnings from nvidia was probably the event that catapulted ai into the stratosphere which is why for a lot of people this is the main event this week. lisa: it wasn't just about the returns in that quarter it was about profits. if they give us another forward look by 25 to 50% what does that mean about how much we are estimating or underestimating the potential for ai. tom: totally agree on the microsoft madness it will be nice to have a normal conference call with the guy who everybody worships who has an actual board that supports him