connell: our thanks to rafael bostic from the atlanta federal reserve.alk about timing when the fed pulls things back and support for the economy. says might be sooner than some people expect. they're approaching finish line of round one, walgreens and cvs on track to administer first doses of the covid-19 vaccine to skilled nursing facilities nationwide by the end of the month. vaccinations underway at nursing facilities in 49 states. we'll be right back hows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ some things are good to know. like where to find the cheapest gas in town and which superm

bostic have to maintain control, maintain calm, and assume smoothness. you are in the trenches.ooth glide we unwind from what we have tapered? case, buts a base that does bring up the real issue in the marketplace. will the fed actually hold its nerve when you see inflation readings above 2%? all of the rhetoric that has been laid out around this more flexible inflation policy stands true. so i do think that is a risk in the marketplace. that could occur. just because i am constructive on the market doesn't mean i am completely unaware of the risks around me, but you ultimately calibrate those risks relative to your base case, and try to figure out if you're getting paid for it. i still think you are. but the risks are definitely ultimately, central banks have been dominant players .ere they have to be the center of risk because it all goes back to what central bank policy is, and confidence in that central bank policy. tom: greg peters, thank you so income.th pgim fixed the litmuset over to paper of the american financial system, which is the bond market, this comes down to the

romaine: i am curious, even if bostic got a little bit ahead of himself with some of those comments,here is a bigger question about when the fed gets to a stage where it finally has to think about tightening monetary policy, what should the process be in communicating that to the market? this is not something you will just drop on them and say, we will do this tomorrow. powell hasr indicated they want to give a long-run day -- long runway. substantial financial process is what they want to see. that sort of gives them a framework. someer progress, then further progress, they can evolve the language to let us know that we are getting closer. out have already laid 2013-2014 as a benchmark for how long it might take. it might take nine months to a year to exit the program. want toyou don't even start that discussion. until we are on the others. they don't want to prematurely bet on this pandemic ending and everything be in great until we actually see it happening. we need people vaccinated, we need to see that that is effective. we need to see that cases are down, hospitalizations are d

level since august of 2018 roading more support to expectations of a v-shaped economic as raphael bostic says the fed could start trimming its bond-buying program by the end of this year. how likely is it to going to taper? join me is the chief u.s. economist at morgan stanley. ellen, it's great to see you again. what's your best case expectation for any kind of tapering right now >> so i think that definitely president bostic is still in the minority at the fomc, but definitely expressing more optimism, especially as we've seen the efficacy of the vaccine now even with some bobbles of it being rolled out on time in the beginning of the process so at some point by the middle of this year we would expect policy-makers to sort of coalesce around firming up the discussions on when should they start tapering and we think they will start tapering in the beginning of 2022 which means signalling it at the december meeting and certainly depending on how the vaccine plays out and how the economic activity rebounds on the other side of that can certainly shave that by a month or two in either dire

touchdown capping off a 27 point 1st quarter then in the 3rd cardinals leading by 34 now charlie bostic the 3rd returns the kickoff. he goes straight up the scene and. >>he's off to the races looks like he's going coast to coast to the 20 to 10 a 99 yard kickoff return, san jose state. >>getting on the board but too little too late ball state takes out san jose state 3413 would be the final score and they are the 2020 arizona bowl champions despite the outcome could brennan praised his team for an incredible season. >>these kids just kept showing up for work and kept working for each other and playing for other. and now perseverance and not brotherhood was rewarded. with the conference championship. right and a bowl game and you know last time i checked the been a fire ball game since 1992. so it's not like that's an everyday occurrence around here. the warriors wrapped up this wild ride of 2020 by preparing for their home opener against the trail blazers tomorrow and. >>we have a couple pieces of good news center marquese chriss had successful ankle surgery today and will be reevaluate

year to you, too. >> i wanted to get some of your thoughts on the fed speak you've gotten raphael bosticho gave what i think amounted to a bullish outlook for the coming months but suggested that a bond buying recalibration could actually happen in 2021 do you think a taper tantrum or a shift in monetary policy that at least based on some of the comments we've gotten up until this point from the federal reserve, that could be something that's in the cards this year? how real is that risk? >> i think you were very right to focus in on that. that was an important statement yesterday. it fits in with the idea that we're seeing some very mild hint of strengthening inflation and that the fed is aware of it. we have the money volatility has been very, very dull and dormant and you don't usually get inflation without the velocity of money people have to lend to their spending we're beginning to see some of that we think the fed won't react until they get above a 2% inflation rate and look like it's going to stay there, but i think bostic should have given everybody an important heads up here th

note—perfect performance from alfre woodard and aldis hodge and an erie ambient score by kathryn bosticct of the death penalty upon all those it touches, from prisoners to wardens to society at large, an issue that seems particularly relevant at the moment. i don't see how it's going to work — living with an empty shell of a wife. i will never get over seeing missjuneteenth cleaning toilets. on a more upbeat note, missjuneteenth could be in the running for next year's oscars. the date was june 19th. opening to rave reviews in uk cinemas and on vod in september, this quietly political charmer features nicole beharie as turquoisejones, a one—time beauty queen who desperately wants her headstrong daughter to win the titular pageant celebrating the belated freeing of slaves in texas on june 19, 1865, a full 2.5 years after the emancipation proclamation. what's her problem? i beat her. 2020 also saw the release of two netflix—backed films featuring chadwick boseman, who we sadly lost in august. you can currently see him in his final screen role, a barnstorming performance as an upcoming trum

early 2023 obviously is a recovery recovery of the economy continues at lan a fed reserve president bostic why he believes that the emergency my. geurts that the fed has taken to combat the pandemic can start to be rolled back within the next 2 years if not even sooner is that too soon what are the risks of these measures if they're rolled back too soon and then the tightening chokes off off the early signs of the recovery what are some of the measures that could happen. well as i mentioned before i think i think once the fed does come back to increasing interest rates there are certain sectors of the economy that for better or for worse and consciously or unconsciously or unwittingly have become to be dependent on very very low interest rates and most sectors the economy going to suffer i think i'll try agree with the premise of the question or the fed's policy to say that we've been combating the pandemic with lower interest rates so i'm not aware that the virus really cares that much about where interest rates are or not so really what's going to help the called more than anything else

bostic is a monetary voter this year.ed president is asking for a study approach with continued monetary and fiscal support. she expects a bleak winter before a vaccine driven midyear rebound. she says policy should remain in place and unchanged even as the economy picks up all the way until employment and inflation goals are met. . we will speak to cleveland -- her on how women have been affected. julian assange has won an asylum offer from mexico asked her -- after his extradition from the u.k. to america was blocked. the mexican president says he deserves an opportunity and that mexico will protect him. he couldn't be released from -- could be released from jail as soon as wednesday. theu.s. says it will appeal decision not to extradite assange because of his mental health. an alibaba spokesperson has declined to comment on the whereabouts of jack ma after online speculation. the company co-founder has not been seen in public since chinese regulators pulled the $35 billion ipo in november and then launched an investiga

you also had rafael bostic speaking multiple times, talking about pairing back support. master saying they did not think stimulus would have effect on monetary policy. where do you think the fed actually is and where does the market think they are? lara: this is something we need to remind the market of every expansion. the guessing game starts to be when is the fed going to raise rates question might remove a policy accommodation, remember of 1991,rly expanses the fed was cutting rates for the first year and a half of expansions. to me they will focus on supporting the economy. they don't expect a lot of changes. strong fiscal continuing, they probably don't need to do as much. they had to come in and really aggressively act because the government really contracted it spending. they really have fiscal austerity. this is absolutely going to be focused on continued support for the economy. they are far away from thinking about how they are going to unwind that. that's a problem for another day , when we have higher long-term interest rates, inflation expectations looking

this is how to germany usually rings in the new year up on bostic display at the brandenburg gate coupled with more i am a tour and often dangerous scenes like this one in a parlin neighborhood last year. despite decades of fiery debates about safety the country's love of pyrotechnics runs deep it took a pandemic for lawmakers to crack down on the sale of explosives and the fun up to new year's eve. does for no men boys people should only leave their homes for urgent reasons this is what stated in the infection protection act lighting fireworks or bangers from last year is not an urgent reason just kind of through vivian cloud the ban came as a shock new year's eve celebrations are his bread and butter now he's stuck with the where heights full of fireworks he's not allowed to sell skid notice of the problem is we don't sell on commission and we have to pay for the where's my bills are due to be paid on january 5th this year i have to pay around $45000.00 euros from from focused on to put on. ordinary years germans spend a total of around $130000000.00 euros on explosives the vast majorit

markets, in the equity unfortunately, bostic is so hooked on bit dog.n thetely he starts equity markets this morning. with someet's start of that social media. the most talked about stocks on social media are the social stocks. parler was the alternative platform that all the folks who got kicked off twitter were flocking to pay it that's the biggest decline across the tape today. the real concern is that you have companies getting drawn deeper into this cultural war vortex. that's not something you can plug into a spreadsheet and determine what the valuation is. the how do you partition difference of true social media with infrastructure internet like amazon, stripe and the rest of them? do you split them in two? romaine: you try to split them in two. once on the backhand side of that appear to be doing well. the ones on the front and side are the ones investors are pointing the finger at. it's about that culture war. tom: i have good news and bad news. romaine: what is the bad news? cover bitcoin right now. right now this morning we are down about 16%

bostic's comments, do you buy it? michael: i don't the question is not whether they raise interest rates, it's what they do with the qe purchases and if we could sustain the 1%, becomes a question of how fast does it keep rising? how far does it go? if it stays over 1% by january 27 when they had their next meeting, you might see them say something about changing the average maturity of their 80 billion a month in qe purchases. they might buy more on the long and but it does not look like this will be happening anytime soon. a huge 200,000 cap from -- claims tomorrow and michael mckee on friday with the jobs report. right now i guess joins us with pangea policy. he's wonderful -- our guest joins us with pangaea policy. he's wonderful on the middle ground in washington we've been talking about the new middle ground, is it a bunch of baloney or is there actually going to be a middle in washington? jerry: i think there is a middle , but the middle i think is going to be, with the exception of spending and covid related s

the touchdown capping off a 27 point 1st quarter than in the 3rd cardinals leading by 34 charlie bostic the 3rd returning the kickoff and he goes straight up the scene and he is off to the races looks like he's going coast to coast a 99 yard kickoff return, san jose state finally getting on the board but it was too little too late ball state taking out san jose state 3413 was the final score as the cardinals become the 2020 arizona bowl champions. but despite that outcome. head coach brent brennan of san jose state praised his team for an incredible season. >>these kids just kept showing up for work and kept working for each other and playing for other. and now perseverance and not brotherhood was rewarded. with the conference championship. right and a bowl game and you know last time i checked the been a fire ball game since 1992. so it's not like that's an everyday occurrence around here. >>great season for them the warriors meanwhile wrapped up this wild ride of 2020 by prepping for their home opener against the trail blazers tomorrow and we've got a couple pieces of good news center

you would ask those types of questions, connecting health policy, you're economic doctor, rafael bostic president of atlanta federal reserve when i was in atlanta last week. if the vaccine rolls out the economy will get rolling pretty well also. but that the is is the caveat but to your earlier point we need to pick that up, is that right? >> yes the numbers have to be significantly greater. we have to have 70 to 80% of population having immunity or vaccine through the disease. we prefer it to be through the vaccine. hundreds of millions of individuals need to be vaccinated and we're just not on that path right now. if we're going to get there within the second quarter, by the end of the second quarter of this year that we've really got to increase our ability to get these vaccines in peoples arms. so all that we can do to make that happen will improve the economy. imagine if you would the confidence that you would feel or anybody would feel if we got 80% of the population with immunity and knowing that there is not a possibility of the disease to have this kind of spike like we're curr

this follows similar hints from atlanta's raphael bostic this week.ty of brisbane imposing a three-day emergency lockdown after the u.k. variant of the coronavirus was detected. residents of the country's third biggest city will have to stay home except for essential activities, and wear masks outside. the prime minister called the --inet eating following cabinet meeting following a worker testing positive for the variant. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. ♪ still ahead this hour, how investors and low interest rates can drive indian equity markets to new highs this year. founder with the iifl and chairman chairman. and rishaad: this is bloomberg. ♪ ♪ you can go your own way it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and y