tim mccourt of cme group, thank you very much.stephen englander of standard chartered, the bank's global g10 fx head of research. we will talk about a bunch of data from the ecb coming, as well as the pound over the last couple of days as the brexit story continues to bounce sterling around all over the place. we will get his take on the latest, plus the latest stories surrounding what is happening with the vaccine news as well. the nasdaq giving back a little bit of ground today, but as you can see, we are also seeing a little bit of movement in yields bithe cable rate, a little more softness. more to follow. this is bloomberg. ♪ low. this is bloomberg. ♪ ♪ from london, i'm guy johnson. alix steel is a new york. we are counting you down to the european close on "bloomberg markets." the u.k. becomes the first western country to start mass vaccinations with the pfizer/biontech shot. the fda says it is safe for use i had of a team meeting -- use ahead of a team meeting in the u.s. severely tightening restrictions in germany. i had o

to golf, and lexi thompson of the usa leads ahead of the friday's second round of the cme group tour5 million for the winner of the tournament, and they'll also win the season—long race to the cme globe, and claim the order of merit on the lpga tour. thompson — the 2018 champion — opened up with a 7—under—par round of 65, for a one—shot overnight lead. last year's winner, kim sei—young, is two shots off the lead on 5—under—par. and here's a real star of the future. meet charlie woods, he's 11 years old and son of the 14—time major winner tiger woods. they'll be taking part in the father/son challenge at the pnc championship in florida this weekend. young charlie's got quite a swing on him and he's clearly going to be just as competitive as his dad. it's just so much fun for me to see him just enjoying it. enjoying this opportunity to, uh, be out here and, uh, he is competitive, yes, as far as being competitive and shipping, thatis being competitive and shipping, that is part of what we do. —— chipping. and wayne rooney's son is also following in his dad's footsteps after signing for

most but i would guess that you're not going to last so many of the cme of this you know him you. see in a hole in the stalls i mean that isn't what lends a lot of i mean there was and then when did then the guidelines. mean when he. they are new i think. portland portland and see that you my court are going to listen to you yet you run into the analyst and i. mean you know scott. has got. this in. quite a long. record of my grandmother. that i want to see it finally. just let me. kind of what was allowed out was the piece that i was always asking him to play billy's record of that and it's such a beautiful piece but of course very technically difficult but no matter when i'm where and at what time he would be able to perform this amazing piece. and there in this little chalet. in the middle of nowhere in the middle of the ups and he's going to tell me all about spanish down spanish music and folk and more. belly dancing and i want to. say there's a picking up on the lot of those i was not saying this is somebody after the new. made i. think. that when the dog will start to see ma

yeah, and terry duffy of the cme, he was the one who okayed that bitcoin futures trading block.phil, great to see you. guys, look at the dow. all right, we're not at the highs of the suggestion, but we have clawed back here, up about 8 points, now make it 10 -- oh, that was our bnb, sorry. but the dow still hovering trying to today in the green. we are watching it closely right now but, yeah, let's show you airbnb, making a comeback of after a couple days of falling. three straight losses in the wake of its super-powered ipo,s up a full 10% right now. but if you thought that the 135% debut pop was something to talk about, wait til you see the new year's eve plan that the home sharer is making right in the heart of times square. we are going to show it to you. you got to see this. ♪ ♪ ♪ ♪ ♪ ♪ ♪ look, this isn't my first rodeo and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million american

. >> if the president wants to cme up with more money to help more people, terrific, let's sign this bill now so we can start getting our unemployment benefits out right away, and then quickly pass another bill. >> reporter: senator bernie sanders says he also has reservations about the size of the checks but that this bill needs to be signed. >> given the terrible economic crisis facing this country, yes, we do need to get $2,000 out to every working-class individual in this country. 500 bucks for their kid. but you can't diddle around with the bill. >> reporter: unemployment benefits have now expired for millions of americans, and in just a few days the federal moratorium on evictions will end also. many people agree $600 just isn't enough. >> $600 is very insignificant for the individuals trying to feed their families. >> reporter: daniel morris is just one of many struggling business owners. he's now pleading with the president. >> the american people are literally dying. they are starving. they are holding us hostage to this bill. we know it's not going to make up for everything

the contracts from the cme are the first of their kind in the u.s..e highlighting concerns water may become scarce across more of the world. that is your bloomberg business flash. anna: thank you. laura wright in london. coming up, a tighter german lockdown looms. media reports angela merkel wants to close shop after christmas, very soon after christmas. we will talk about the latest german measures next. anna: 20 minutes to go until the start of the european equity trading session. we spent time talking about various vaccines. some headlines coming through about indonesian banks. his up toom sign of 97% effective according to bayer pharma. hi 90's. the vaccines coming in very effective. new trials what the around astrazeneca managed to reveal. a chinese story, i should correct that. margaret keenan became the first person in the world to receive the pfizer beyond tech vaccine outside a trial condition. herehealth and care staff in the unitedher kingdom getting her vaccine. margaret keenan. matt: 90 years old, looks fantastic by the way. i hope i am d

what happens when people lose trust in the cme money in the central banks and then bad so we're going to find out. we're segregated in the air by social class lower middle class people also in poverty by 1st name if you're born into a poor family you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years younger than you born into generational poverty. it's a tough fight every day so you meet your needs and the needs of your family. and. in. the world the world's most available vaccine russia says it's called a job will cost less than $10.00 per dose as a present sputnik between un member states. i am determined to protect our election system which is now under coordinated assault and see. the us election a total catastrophe as he pleads with the supreme court to overturn the results. also this our friends announces unprecedented raids on more than 70 mosques morning it will shut down any found to be influenced by radical islam. and the most unlikely venue.

gaming creators can our female gaming creators, a young woman who is called the me, her channel name is cme dante has been requesting me for play this game for a month. every says to me... please kemeny played the henry stegmann collection. she's a young woman who has built a hugely successful gaming channel. she had a child at 16, that would largely keep you out of our career of traditional media, but it hasn't held her back at all. anyone of our creators would be able to open their analytics and see what's happened to pricing in which markets, where did their viewership come from. that empowers people to make informed decisions. you know, he's not as famous as joe wicks, make informed decisions. you know, he's not as famous asjoe wicks, but on our platform, he's just as successful as a young guy named matt. them or subscribe as i have, the marking, and in terms of sponsorships, whereas if i go to accompany him say i have 1.5 million subscribers, i can ask for more money, i can get a bigger sponsor video. keys produced multiple video explain how much she's made from an individual video, ho

we see that in the cme and in our calculations, the positioning there looks very frothy. >> did you says not that different from 2017? is that what i just picked up on >> yeah. it's not dissimilar to 2017. >> but we've been, you know, we spent a lot of time talking about the ways it does look different. you outlined one of them there is more institutional interests, more regulation so what do you think sort of makes it similar >> yeah. as we say, institutional labels didn't exist in 2017 but at the same time, there are a similarity here with the particular -- [ inaudible so the main difference and similarity with institutional investors, i think is the wrong to assume that all the difficulties this year has been driven by institutional buying and all that institutional buying is by long term institutional investors. >> quick one, nicholas as we -- i guess for me, the piece that is really mising about this is that it's still not widely used as a form of payment. just briefly zshgs that change next year? do you think that more people will be actually using it? more merchants are accepting

you >> well, let's go to the bond market now that's where rick santelli is tracking the action at the cmeternoon hi, rim. >> hi, kelly indeed if you look at an interday, actually a 24 four view snrnl but some fascinating technical california and they looked almost exactly alike the difference is that 174 was the november high for 30s. tens took theirs out 30 had much year bond, you want to play aalex um1% is what everybody is looking to test just a matter of when and finally. big divergence the f and the doit's a 31-month low close, kelly and tyler, back to you >> it has been of course an incredibly difficult four we refastbar some names like maceies kohl's have underperformed. why this could be a make-or-break holiday for names you know in retail this holiday, get iphone 12 on the 5g america's been waiting for. this new iphone plus verizon 5g is incredible. switch now and get iphone 12 pro max on us. unlimited plans start at just $35. this is 5g from america's most reliable network. retail association there is more than $766 billion in sales up for grabs this holiday season. but not ever

you have derivatives on the cme.ou have some of the smartest investors in the world like paul tudor jones, stanley druck and miller, and others -- stanley enmiller, and others buying some. vonnie: thank you for joining ceo.ac prince, blockfi coming up, the spac craze. this is bloomberg. ♪ the usual gifts are just not going to cut it. we have to find something else. good luck! what does that mean? we are doomed. [laughter] that's it. i figured it out! we're going to give togetherness. that sounds dumb. we're going to take all those family moments and package them. hmm. [laughing] that works. softbank has filed for a $525 million blank check share sale. the spac will be overseen by softbank investment advisers which also runs the $100 billion vision fund. crystal, it is a fascinating byry, another adventure softbank. of course, the vision fund leaders are the leaders of this spac. investorsus, will trust these people so soon after workthing like the we scandal? >> they had their share of challenges in the public market

during pandemic >> let's go over to the bond market where rick santelli is tracking action out of the cmeternoon rick >> thankfully the only market left in the states that are open are the equity markets if you look at a chart going back to the 23rd, that's the last time we were trading these yields and. though we're only down a couple, it because we've been so tight lately with regard to ranges down a little over 50% not a great year if you were of course looking for higher rates. and when you switch gears, foreign exchange intra dollar index we're having a small bounce today. i know we'll be talking about kped tease and ands that the last time we were tracking these extremes, whether it the dollar index on the low side or other currencies like the euro or. >> rick, what about the kmo. >> i'll tell you what, it really is amazing my futures closed up again for the 14th straight session up it is straight up chart. so corn and beans are at since-year highs and today in particular south america's been having some dry weather issues so argentina, big exporter of corn and beans is curtailing s

and rick santelli tracking the action at the cme.ck. >> hi, tyler maybe a two-week chart is best for ten. look at this chart you see how many times we tested that mid 90s, 94, 95 base points, here's what's interesting. if you look at the all-time low yield close, july 2016, right around 1.36%, can you see we've never come close of course to coming up to those old lows. now 1%, we can't even quite make it there i guess perspective is needed as these yields remain so historically low let's look at the investment grade and high yield etf on one chart since march. what's fascinating is how solid it's been. the fed backstop on corporate buyback programs, there's much nervousness about that the dollar index, how strong it's come out of the box today the reality is on thursday, a fresh 31-month low close and we have moved up just a bit, but all things considered, this is a mostly end of the year adjustment, not the beginning of any serious buying >> thank you very much over the past six months, chich stocks have soared, up 40% but intel dow

it is on platforms like fidelity, you have derivatives on the cme.ou have some of the smartest investors in the world like paul tudor jones, stanley druckenmiller, and others buying some. and you have fintech platforms integrating with it. vonnie: and central banks talking about it. thank you for joining us, zac prince, blockfi ceo. coming up, softbank joins the spac craze. details next. this is bloomberg. ♪ every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. you may already know that goodrx can help you save up to 80% on your prescriptions. unfortunately, many americans can't get to a doctor right now. the good news is that for many health issues you can see a doctor online. it's easy. just go to goodrx.com and with a few clicks you'll be treated by a licensed medical professional all fro

rick santelli is tracking the action at the cme. tell us why. what's next?get smart series 99 in we are up to 99 virtually, tyler. we couldn't cross examination over even as it sits now, at .97, you are up six on the day. a baker's dozen of 13 basis points on the week and 30 years need to get above 1.74 and tens only need to get above 96 to take out their november highs. look at the two day chart of tens you can see how we have launched if you look at these charts going back for the early part of november you can see what i am talking about. we are basically above that 96 close from the 10th of november. we need to see how that will be in the next couple of hours. if you close above there, we are probably playing in the 1% plus play ground next week. if you open the chart up to march you can see what tyler is talking about. if it closes here it would be the highest close since early march. the $1 intex, there is a lot of gold in that chart every day we traded below the previous day's lows. it has been a nasty couple of weeks for the dollar index how nasty? l

skyrocketed this year, while nonviolent offenses have largely dropped, according to publicly available cme data. but the efforts to curb whhomicides comes at a tim police departments are facing both staffing shortages because of the pandemic and lingering following months oonwideof color protests. john yang explores what is behind the latest trends. williamnick: -- john khalilah cs : 19 year old son wanya dreamed of becoming a journalist. in his free time, he loved playing basketball in their minneapolis neighborhood >> that is kind of how my neighborhood got to know us. i was the mother, e single mother, with five, and the boys outside playing basketball. john on october 11thcorey got : a text from wanya saying he was heading home after playing at a nearby court. it was my middle child'shd bi. he was turning 12. and later that day, we were going to celebrake at home we do. we were waiting for wayna to come. and, when he didn't come back, it was devastating. reporter: wanya had been killed in a drive-by shooting. minneapolis -- still reeling from this summer's police killing of george floy

. >>> to the bond market we go rick santelli tracking the action at the cme. rick >> everybody loves the gilligan's theme song. if you look at the intradays of 10s, we're in the mid-90s. up three basis points. why is this such a critical area we keep testing it but not going through. open the chart up to november 1st and you'll see it was the december 4th high yield close around 97 basis points but if you look at that same time increment, 30-year bonds not the same unlike 10s, the higher the yield -- the yield that's higher than the december yield is 174 in november. so, those are the levels on a closing basis 97 and 174, those are breakout closes now, if we look at what's going on with the yield curve, wow, almost 84 basis points, 10 to 2s, steepest since halloween of 2017 and all the curves are steeper because the long ends leading with higher rates. finally, april 2018 of the dollar index, even with the small bounce today, we're trading just three-quarters to two-thirds of a cent above a 31-month close established in mid-december rahel, back to you. >> rick

rick santelli is a one-stop shop on the bond action at the cme.k do you do vaccines, rick >> hi, tyler yes, yes oh, i tell you what, flu vaccine, coronavirus vaccine, count me in whenever it comes to a walgreens near me. if you look at the intr day of tens tell you everything you need to know yes we did not have 885,000 and not a good number for initial jobless claims and a three-month high the markets reflected that but did a u-turn if you look at the two day of tens you can see where pacman the resistance were munching at the resistance in the mid '90s and looks like it is popping over 1%. right now it is contained. yield curve hovering just under 81 basis points and charts going back to october 2017 virtually the widest it has been in three years dollar index since the beginning of november as you see in this chart, down 4.5% and, finally, whether it's the pound versus dollar or euro versus dollar, you can see they're both accelerating against the green back tyler, back to you >> all right, rick, thank you very much. >>> and fedex reports resul

quarterly futures contracts on the s&p began to roll over yesterday at the cme, so could add a little vol stillity to the markets maybe today. the dow, s&p and nasdaq are all lower on the week set to break multiweek win streaks. likely based on the futures, but hey, it is 2020. and you never really know. it has certainly been another big week for the little guys, the small caps the russell 2000 closing at another record level yesterday, it is up 1.5% this week and yeah, i know that doesn't sound like much, but that is the russell's sixth straight weekly gain and the longest run it has had since february of 2019 also having a big run right now is oil don't look now, but collude is -- drud is tkrufd crude is at level. and energy stocks have had their best 21 day rally since all the way back in 1972 can you believe it also the magic kingdom is looking pretty magical for its investors lastly as well disney shares at a new all-time high, the stock up 8& in extended hours trading that will help the dow they revealed in their investor day yesterday that their disney plus service now has near

but s need to get through thi and we're only going to get through this if everyone cme ogether and do their part. >> brangham: california state officials issued a new warning wshour, i'm william brangham. >> woodruff: states across the country continue to grapple witf the economlout of covid-19 as they also develop plans to deliver the vaccine to millions of americans. for the view from michigan, isp e to democratic governor and i began by askat the. covid relief bill will mean for people in r state and what more she wants to see from the federal gornment. >> well, i think it's really step forward, ans notook this nearly enough, it does not nearly address everything that we are confronting as states across the country, and governors on both sides of the aisle have been very clear, we need additional resources so that we can make sure that we'rt doing our jo build out vaccine administration and taking cre of first responders, et cetera. but this will help withn evict protections and getting some who are really struggling. so we're glad for it but recognize there's more work to be done.

. >> liz: phil, be still my heart you're back at the cme, i am thrilled to see you with that back drop, thank you so much. >> thank you. >> liz: is that fake or real? >> i'm not authorized to tell you. >> liz: [laughter] >> it's top secret. >> liz: that's good. >> there you go. >> liz: that is good. >> thank you. >> liz: i thought for sure, tim, the bar is high here, get something behind you. tim anderson, phil flynn, fox business alert the dow we should tell you would look a lot worse if it weren't for disney at this hour. it is the highest-flying stock in the galaxy right now. look at the jump that disney is having. 13.6% not even the highs of the session as the mandelorian and baby yoda, the mouse house throwing the doors open to a slew of new content for disney plus including 20 new star wars and marvel-based series which brings us to disney in the battle for streaming superiority. netflix at the moment, you can see netflix is down just a fraction, let's call that flat. warner brothers, and hbo , max parent, at&t along with peacock and universal parent cox cast both have made major

. ♪ >>> let's get over to the cme and rick santelli for a special edition of the santelli exchange hiie thank you for joining me today, jim. let's get right into it. the big question on all my analysts sources, people i talk to in the market, what they want to know is what's the u.s. economy and indeed the global dme kme going economy going to e after the vaccine? remote, stay at home, virtual, are they going to hang on to gains and we're going to see rest of the economy come back. specifically, how is it affecting your company i know you had had an announcement yesterday upgrading end of your outlook. >> hi, rick, yes, we're happy about the growth story right now. the organic growth which was expected to be 3% to 5% as of october guidance turns out it's going to be closer to 10%. and that implies a tools business organic growth of close to 20% so the tools business is on fire really good way. and on the industrial side too and this is a global phenomenon, too. the tools business and the industrial business are both improving on the global basis. north america was a catalyst in the be

rick santelli is standing by the cme.e're waiting november's read. the advanced read on retail sales. we're looking for a negative number realize, this number hasn't been negative since april when it was at its worst negative, minus 14.7 and it delivered negative minus 1.1. so not only is it negative, it's three times as bad as we anticipated at minus 1.1 comps for that april minus 14.7. followed by one of the biggest positives 18.3 we'll have to wait and see if that happens next month. autos and gas, minus 8 times strip out autos, minus 9 tenths. i'm waiting for the control number i haven't seen it run across the wire services yet. that is the number that comes the -- here it is. minus 5 tenths wasn't that fun to wait for. that's the worst control number since april as well. that gets inputted up the statistical food chain these are definitely misses. they underscore what cnbc has been talking about for quite a while now. we need to reload those american consumer wallets and hopefully before the end of business today we'

yielding 0.93%, teasing at 1% once again let's get straight over to rick santelli, standing by at the cmeay. >> absolutely, we'll start with the data i see first november read on housing starts, 1.547 million seasonally adjusted annualized. if we look at the permits 1.639 million seasonally adjusted annual units. that's up over 6% from the last look these are just unbelievably strong data points for housing it's unreal. okay december read now expecting 20 this one's a miss. half a miss, 11.1, in may, 93.1 because it's moving into the positive territory initial jobless claims up. it's 885,000 885,000, that's up, what, 32,000 from 853,000, but that may get revised. this is not good 711,000 was the low since coronavirus hit the week of november 6th we're starting to out distance to the wrong direction and on continuing claims, this one is pretty good. as a matter of fact, this one is so good it is now the lowest continuing claims number at 5 million, 508,000 this eclipses 5.52 million that was the november read this is the lowest read since covid hit, and it is progress. of course we're all

rick is at the cme in chicago.ight yes, we are expecting read for december that's current and a bit of a dispoint a when i say we are under 5. expecting a number slightly over 6. that isn't exactly what we were hoping to see, and 4.9 actually is the weakest number going all the way back to august we have been high as high as 17 in september import prices month over month, these are november up 1/10, about 1/3 of what we were expecting if you look at petroleum, unchanged. i like to look at the year over year numbers, import prices, year over year, down 1%. that's actually close to expectations and that marks the 10th import, negative number in a row. and if we look at export prices, we're expecting up 2/10 on the month over month basis, and i am sorry, but that number just doesn't seem to be showing up on my services. i do see minus 1.1 on the year over year export prices. 1 pn 1.1. that's down, and that's also the 10th negative year over year number in a row on export prices i think the reason year over year is the