the ceo of bridgewater -- ceo of bridgewater is probably going to run for senate in pennsylvania.into that race, he is going to be a republican. he is going to go with the carlisle, glenn youngkin model. you have to take a telephone china approach with that. he is scoring some political points as well. haidi: we do have lots more to come on daybreak: asia. this is bloomberg. ♪ haidi: we are tracking the fallout of the supply chain crunch. the number of container ships heading for america's busiest port has risen close to 100, underscoring the magnitude. container ships are waiting almost 21 days on average to enter the l.a. port. saudi arabia has raised oil prices signaling it sees demand staying strong despite the spread of the omicron variant. the move comes days after it surprised traders. shipments from the second-biggest grower of palm oil rebounded. kathleen: let's take a look at oil prices. bloomberg intelligence says palm oil prices may remain robust in the first half of next year as consumption remains strong. palm oil last trading at 4650. down three quarters of a percen

not quite a changing of the guard at bridgewater.eke out a gain in recent months, up 7.8%. a lot more coming up on the simulcast. matt miller will be stopping by on the final day of the year. 20 minutes to go in the trading day as we cap down to the close. this is bloomberg. ♪ >> a lot of bright people think it has a bright future. i am telling you, i am putting my whole foot and four toes into the world. it is not something i gravitate to. i can think up a lot of reasons why it won't work. i remember when they were auctioning off spectrum for cell phones and saying, why would anyone need a cell phone? all you do is drive up in your car and pull up to a phone booth. who would carry a clunky thing? the point is, there are a lot of things in this world that have worked out awfully well. >> you sound for somebody who used to run a bank pretty constructive. >> i ran a bank. i ran risk. you cannot be closed. you have to separate fact from opinion. nobody knows. nobody knows the future. there is all sorts of things. there is a lot of thing

bridgewater goes face first into the turf, all the safety precautions taken as bridgewater was takenm the field and to the hospital as a precaution. what word is he has just been released. backup quarterback drew lock stepped up and through this back shoulder touchdown pass to tim patrick gave the broncos attended nine lead, but the bengals answered right back. joe burrow to an open. tyler boyd, who makes the catch, then move on the way to a 56 yards. gore cincinnati. 15 to 10 winner at eight and six. the bengals right now would be a playoff team at 77. the broncos would not. houston at jacksonville word darrell bevell made his debut, his head coach, replacing the fired urban meyer . these are two teams playing for pride only. well, that's not the 12th player for the texans. it's a kuku. wants to be in on the action as a non padded civilian. james robinson not distracted. the fan somehow left alone for his one man celebration. maybe the jaguars could have used him on this play . davis mills remember him throws to brandon cooks on a quick receiver screen cooks turns it into a 43 yard

david: that was ray dalio of bridgewater saying that china is a long-term strategic play. one of the many western financial players looking to expand into the world second largest economy and sources say the bridgewater managers $5 billion of chinese state moneymaking china one of its biggest clients. by essence. that takes us into the crocks of the issue recently which is property under pressure -- in the crux of this issue. five-year lows. regulators have signaled they are ready to support what they describe as quality developers looking to buy assets from rivals. stephen engle, are cheap north asia correspondent -- our chief north asia correspondent is here to talk us through development spared they need to sell assets. what is the downside? stephen: these are so-called stale. they will be sold at a discount. and what we are seeing is some forced sales at a discount. for example suneck -- agreed to sell its 22.5% assets evergrande for tori at a loss to three developers who are considered more viable -- the grand victoria. excuse me, hunac selling -- sunac selling three

. >>> a scary moment in denver that left teddy bridgewater face down on the field after diving duringoss to the bengals. he was carted off the field with a head injury and taken to the local hospital where he remained overnight for observation. fortunately denver's coach said bridgewater will be fine. >>> i know you've been waiting for this update. my fantasy team, we're in the playoffs. we're trailing. we still have a couple of players to go today. tomorrow, we'll keep you posted. >>> the pandemic continues to impact the nba season. they postponed another five games in response to a rise in case numbers. that including two home games with the brooklyn nets. this comes after the announcement of kyrie irving's impending return to the brooklyn lineup on friday only to have him end up in covid protocol 24 hours later. who could have seen that coming. irving, of course, has not been vaccinated tluchl yesterday evening there were at least 75 players from 20 teams who have been ruled out of play because of coronavirus. the league is now making it significantly easier and in some cases a req

denver out of the end zone for the first 55 minutes of the game but the kc defense picking off bridgewater twice. the chiefs win it 22-9 that win gives the chiefs a slight edge in the afc west, to where the first and last place teams are only separated by two games. and to win number one in detroit. >> there's hawkenson inside. >> here we go. and touchdown! >> jared goff's bullet to brown gave the lions their first win in 364 days. detroit walks off with a win over the vikings, 29-27. >>> kyler murray returned to the cardinals after missing a month due to injury. he ran for two touchdowns and threw a couple more. arizona fly high over the bears, 33-22. >>> and in pittsburgh, baltimore's two-point conversion attempt failed on the goal line and the steelers win 20-19 >>> in atlanta, tom brady took to the skies to score over the falcons. brady threw four touchdown passes, including two to gronk, as the bucs win 30-17. jonathan taylor continued his hot streak in the colts win over the texans >>> nfl game players got to break their dress code sunday. the team held its my cause, my cleats event

denver out of the end zone for the first 55 minutes of the game kc's defense picking off teddy bridgewater twice, and the chiefs win it 22-9 that win gives the chiefs a slight edge in the afc west, where first and last place are separatedly two games. and from the two-game lead to win number one in detroit. >> there's hawkenson inside. >> here we go. and a touchdown! >> that gave the lions their first win in 364 days. detroit walks off with a w over the vikings, 29-27 >>> kyler murray returned after missing a month due to injury. murray ran for two touchdowns and threw for a couple more, as arizona is perfect on the road the cardinals fly high over the bears 33-22. >>> the ravens scored with under 30 seconds left in pittsburgh, but baltimore's two-point conversion attempt failed and the steelers win 20-19 >>> in atlanta, tom brady took to the skies to soar over the falcons. brady threw four touchdown passes, including two to gronk as the buccaneers win 30-17. brady's massive game put him among the week 13's top performers and jonathan taylor continues his to the treestreak >>> hawaii is sa

joining us now is bridgewater's karen karniol-tambour. welcome back, karen.on inflation, persistently higher inflation but you guys have liked stocks is anything changing in the portfolio now that we have this new variant and that we have a much more hawkish fed talking about speeding up the pace of taper? >> not materially. the way i see it is you have an extraordinarily strong economy you have the strongest inflationary pressures that you've seen in decades, and they're broad and they're pervasive. you have a fed that really hasn't been tightening very aggressively relative to what the economy needs. and that's pretty bullish for stocks i wouldn't say stocks are as attractive as they were earlier in the cycle, but you still want to have a fed tightening aggressively into that bond markets are pricing it as if they didn't even hear powell say that he finally acknowledges that with this kind of inflationary pressures the fed will have to act eventually. so that makes bonds extremely unattractive, stocks very attractive then when you look at what's happening w

or other countries were to launch boycotts >>> sticking with china, bridgewater societies founder rayout over the weekend to clarify the comments he made over the week on "squawk box" about china's record on human rights and the government, quote, disappearing people. >> into the policy of disappearing people. i'll give a little bit of a perspective of that. okay what they have is an autocratic system and one of the leaders described it, he said that the united states is a country of individuals and individualism. and that's what it's -- and that's what it's about he said in china it's an extension of the family. he said, if you look at the word country in china it consists of two characters, state, family. and that has to do with confusion and that's very much a top down as a top down country, what they're doing, it's that kind of strict parent, they behave like a strict parent. >> here's what he said over the weekend. i didn't mean to convey that human rights aren't important because i certainly believe they are, and i didn't mean to convey that the u.s. and china deal with these is

didn't want to get involved in politics it is a political decision the sex founder of hedge fund bridgewatercide by saying it's just being a strict parent. and then to betray america. disney would not exist without america now they choose to push the propaganda of america number one enemy. just like in bc. there ceo happy to make money that the aoc never said given china the olympics in the first place. and bc rush to cancel curling coverage over sex toy sponsorship for genocide is okay. for the $60 million but as you rail against authoritarianism on your show every night in the blood money from backing that dictatorship. what about the china sponsor airbnb with the nonstop woke virtues signaling silent on human rights abuses but it can make money off of it. the cofounder says we are not here to promote american values. what an ignorant disrespectful. it is american values that enabled you to start airbnb and enabled you to get rich off of airbnb. those american values you refuse to promote your nothing without them. i am sick of the corporate fat cats betraying america. it is time to take t

tom: kailey leinz mentioned the modest uproar in bridgewater of connecticut.re the kind of guy who sits in fancy offices in hong kong or new york and advises western commercial banking on the future of china and hong kong. what do bankers who need to set up shop -- william: everyone knows the strategy for asia in general and china in particular is diversified. you cannot pull it all of your deck you cannot put all of your e -- you cannot put all of your eggs in the china basket. he advised anyone, including my former colleague at citi is start diversifying. that is become less dependent on china being the hub of the global supply chain. unfortunately, from jamie dimon all the way down to whoever else , china remains their central focus. tom: can singapore be opportunistic? william: this is a phenomenal opportunity for singapore and asia. where the center of trade, customers, and finance in the rest of asia. much more militaristic and returned to be a major power supported the kind of trade in the global supply chain. jonathan: want to turn to the federal reser

the founder of bridgewater compared china to --, when asked about the disappearance of dissidents. australian health officials confirmed the omicron variant of the coronavirus is circulating in the community. 15 cases detected such far. a new south wales health officer says he expects an uptake of cases in sydney. australia authorized vaccination of children aged five to 11 years old, with the rollout due to start in january. 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 am vonnie quinn. this is bloomberg. kathleen: thank you. his influence in asia may be receding as the country turns more inward. our guest joins us with more on that. and next, we look at the biggest economic indicators on top this week with anz's chief economist. this is bloomberg. ♪ ♪ >> we are starting to see cases literally every few hours to a day or two in the united states, and as we approach the weekend, we will probably see more. once it is here, there is no way that you're not going to see more cases. haidi:

we really haven't. >> have you looked at the demographics of east bridgewater and the area. >> we'reominantly i would say minorities. >> minority. >> which are really the majorities now. how do you reach out to say that they're welcome too? i mean, they're welcome. but how do you make them feel that they're welcome? i think here we'd make them feel welcome. how do you do that? yeah, that's a good question. i'll have to think about that. it's the same question as why we live right next to brockton and we don't have a larger population of blacks. >> other than the town of kingston, and there is not a large population of blacks in the town of kingston. the high school is the fourth or fifth least diversified high school with 1,500 kids in it. there are a few families, but why? yet you go into brockton or you go into new bedford or fall river, the cities you tend to find a larger minority community. is it because those minorities feel more comfortable there, you know? i don't know. i don't have the answers. ♪ facing the rising sun of our new day begun ♪ ♪ let us march on till victory is

the billionaire founder of bridgewater compared china to a strict parent when asked about the disappearancehe did not mean to downplay human rights but was attempting to explain he chinese approach to governing as anextes about family. australian health officials confirmed the omicron variant is circulating in the community. 15 cases have been detected so far and new south wales's chief medical officer says she expects to see an uptick of cases in sydney. australia also authorized the vaccination of children ages five to 11, with the rollout to start in january. 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 vonnie quinn. this is bloomberg. rishaad: right. we're going to be speaking -- asking whether the slowdown in remittances is going to affect business. yvonne: but next, amit midha on supply chain and his business outlook. this is bloomberg. ♪ is is bloomberg. ♪ yvonne: taking a look at this the vergence when it comes to market. hong kong cannot catch their breath this morning. you have alib

up 3/4 of a percent yesterday we told you would have interview this morning with the founder of bridgewaterterview yesterday we are hoping to get that back on books for next this week we will let you know much more ahead the omicron variant is here kentucky senator rand paul will react on being tested on arrival in united states but not necessary for israel -- for illegal immigrants, ennis kanter freedom new life as official american citizen live to one american company competing with nike to make products right here usa. don't miss a moment of it you are watching "mornings with maria" live on fox business. . this is your home. this is your family room slash gym. the guest bedroom slash music studio. the daybed slash dog bed. the living room slash yoga shanti slash regional office slash classroom. and this is the basement slash panic room. maybe what your family needs is a vacation home slash vacation home. find yours on the vrbo app. ♪♪ business the struggled amid supply chain crisis new balance kept footing grady trimble live from lawrence massachusetts with more good morning to you grady

john who is a republican in bridgewater, new jersey. hey, john. caller: i would like to be more subtle, of course. we don't want to see russians using the word aggression. the problem is that ukraine has been a part of russia for hundreds of years, if not more than that. they are concerned about missiles being at their border. i compare it to when the cuban missile crisis, when we objected to russia putting missiles in cuba, 90 miles away. it's not that simple. to say who's right to recognize, i think, the complexities of these things. they are just not black-and-white. we like to make them that simple for political purposes. like you say, i'm a republican. obviously, you know, i don't want to see any wars. but we have to be sensitive to this. it's a real issue for them. host: this is from open your times." "the most extreme -- "the new york times." "the most extreme step would be cutting off russia from swift, but some think it might be too harsh of a response. jake sullivan held out an alternative pathway to make progress on diplomacy, describin

i believe, that the chinese government and chinese institutions historically have ranked among bridgewater'se thinks we should all invest in it, he says it's risky not to invest in china, i think we need to get to know this fellow and what he really is doing. this kind of thing is way beyond something like tim cook who is tied into this market. you have people that are pushing for the chinese asendency as their fundamental thesis. to me that's unconscionable. maria: how does he get away with writing a book called principles. principles of what? principles of investing in the u.s.'s main adversary and the very companies that china will use to try to overtake the united states as the number one super power. by the way, where's the policy in the biden administration to put a stop to unwitting investors helping to fund the expansion of our main adversary? >> well, i think there's a spectrum here. there's certainly the unwitting ones and that's unfortunate. i think there are many investors and investment institutions that are going to get in trouble because they're not doing the right risk assess

john who is a republican in bridgewater, new jersey. hey, john.ler: i would like to be more subtle, of course. we don't want to see russians using the word aggression. the problem is that ukraine has been a part of russia for hundreds of years, if not more than that. they are concerned about missiles being at their border. i compare it to when the cuban missile crisis, when we objected to russia putting missiles in cuba, 90 miles away. it's not that simple. to say who's right to recognize, i think, the complexities of these things. they are just not black-and-white. we like to make them that simple for political purposes. like you say, i'm a republican. obviously, you know, i don't want to see any wars. but we have to be sensitive to this. it's a real issue for them. host: this is from open your times." "the most extreme -- "the new york times." "the most extreme step would be cutting off russia from swift, but some think it might be too harsh of a response. jake sullivan held out an alternative pathway to make progress on diplomacy, describing in

sponsor, do you pull out and say we're not doing this are wall street companies, you talked about bridgewater we didn't get to jamie dimon >> that's a major statement, tupg in cheek. what we no longer can say that we hope for the eventual decline of tyranny and communism >> we are so low you can't say i hope my bank lasts longer than the communist party. >> this is bigger than business. this is the relationship >> oh my god, there is dollars involved i better apologize >> this is going to be a situation where just from the olympics alone, if the united states were to pull out, what would that mean for the relationship between the two countries, which has already deteriorated too much. >> let's not get worse if something happens there >> but, joe, we're dealing with the question do you pull out? what does that do to relations or do you hold your tongue because china wants to you do? so the audience many viewers would say raise your hands and protest this this is ridiculous and crazy, right? the flipside, what itself the ramification maybe you do it on principles. then you have to decide you wi