with discuss all of this brian chappatta, who wrote so eloquently about all of this. what is sparking this? is there talks of bubbles, worries about financial stability? >> when you start to see fed officials come out a little bit they otherwisean would, he started see undertones of bitcoin surging, tesla surging, the bubble talk is pervasive right now throughout market. but there also forecasting a much better growth outlook for 2021, seeing the back half of the year being strong. that is why a lot of these officials are calling on the idea of tapering their purchases. they are getting the markets see theble, we start to labor market improve and growth take off, you should not expect 80 million in treasuries and 40 billion of nbs every month going forward. romaine: the bubble aspect, if that is true, why is there concern now. monthsn't there concern or years ago? brian: the one thing that jerome powell has made clear is that they don't have a set asset price target where they say, this is too high. but when you look at the indexes , whether it is bloomberg or sachs,s

vonnie: brian chappatta on junk bond issuance. we are not seeing too much move in equities.p 41 points, fluctuating with small gains and a small losses. the canadian dollar slightly stronger versus the u.s. dollar the 10-year treasury yield, down just a little bit, but nowhere near the 1% marker just yet. this is bloomberg. ♪ . . . mark: i am mark crumpton with bloomberg's first word news. more than 400,000 people have died from the coronavirus in u.k. it is the first country in europe to surpass that number. boris johnson imposed a new lockdown to try to prevent the spread of the virus. that has helped reduce the average number of new cases in the past week to almost half that of the peak in early january. new york city is asking the biden administration for more vaccine doses. mayor bill de blasio says the city has given out more than 650,000 doses so far and only has about 7700 left. mayor de blasio says the city has the capacity to do much more but needs supply the vaccine. new cases in new york continue to decrease following a nationwide trend. president biden could mov

thanks to our panel, though wonderful michael mckee and of course bloomberg opinion columnist brian chappatta. coming up, president-elect joe biden said to release the details of his pandemic relief package. that's at 7:15 this evening. and we will break down what is going on with impeachment proceedings. this is bloomberg. ♪ >> welcome back. we are waiting for president-elect joe biden to unveil a relief package that will bring relief to many americans in terms of businesses and personally. but it's all overshadowed by the events of this week, including the second impeachment of president donald trump. how will the biden agenda be influenced? tina fortin is with us now. -- tina ford home is with us now. let's start right there -- i'm sure president-elect biden would like us to focus on a bunch of things. attention will stay on impeachment and the steps. how much of a detriment do you see that in washington right now? tina: clearly the incoming administration would like to see the senate part of the impeachment trial, the conviction take place after he takes office and that has been consisten