available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> chinese internet stocks have been sinking throughout most of this year among the notable names, all down again this week, some over 10%. all withconcerns over the crackdown hitting the sector hard making china, a much more complex area for investors as regulation could be in the cards for 2022 bringing in expert on this topic. always great to get your expert he's on all things china this has been a very challenging year the idea that china will continue to grow its market. we look at the growth of stocks and the return it has been a really tough year. does it change next year >> it has been challenging but think of 2022 globally our theme is normalization especially for the levelled world. you think of china and how it catches up with performance and growth there is a lot of effectiveness there. you are looking at the best entry point in chinese equities the index itself is cheap and there is a lot

available now for comcast business internet customers with no line-activation fees or term contract requiredmcast business. powering possibilities. the city of chicago saw a violent christmas weekend. three people were shot dead and 22 seriously injured as city these 25 your height and murderers. chicago emergency dispatcher is angrily speaking out warning the city is unsafe due to police shortage. >> at all hours of the day there's a massive amount of crime taking place in the city of chicago it is horrendous, people are being shot, killed, citizens deserve more backup out there at the acknowledgment of things going on and needs to be taken. first responders, not just police but fire departments, ems, dispatchers and call takers out here doing wonderful jobs, they have no backup. they are being overworked and with shortages going on right now, it's affecting the citizens of chicago. >> he's placing blame squarely on chicago mayor lori lightfoot both who's at fault in the spike in crime and staff shortages? to discuss them a former wisconsin republican congressman and fox news contributor, s

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available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> 20 years ago tomorrow one of the biggest corporate scandals in american history took off en enron filed for bankruptcy it ranked 7th on the fortune 500 just a few months earlier. 20,000 people lost their jobs. many lost their retirement savings. investors world wide lost confidence several top executives would go to prison, including the former ceo jeff skilling and the former chief financial officer andrew fastow ken lay found guilty on multiple counts of fraud. he died before he could appeal so his convictions were wiped out. if you think you know all there is know about the enron fiasco here is scott cohn he covered it for this network 20 years ago and is back in houston tonight. hi, scott. >> reporter: hi, shep. there it is, the famous glass tower of enron used to have the crooked e logo. chevron has officers here. enron left behind more than just an office building and a financial disaster some

available now for comcast business internet customers with no line-activation fees or term contract requiredf you can save by switching today. comcast business. powering possibilities. >> from the heart of where innovation, money and power collide, in silicon valley and beyond, this is bloomberg technology with emily chang. emily: i'm emily chang in san francisco. this is bloomberg technology. senator joe manchin shocked democrats and the white house with his opposition to biden's $1.75 trillion economic plan, sending the future of build back at her into limb

available now for comcast business internet customers with no line-activation fees or term contract required i kept ongoing back there over the years. that's where we did all our projects. they're destroying the last building, the b-5 where ladj had grown up to rebuild smaller buildings. this place is for us a seed of creation. now we're running a school across the street from it. it's not as cool to teach you how to become a good photographer, or great painter, but how to survive as an artist, and it's completely free. surrounding yourself with people that come from different background, different stories, different past, that's what nourish us. you guys should check how it is and see what you can take from it. don't pay for water. pay for clean. it's got to be tide. welcome to silversneakers. are you ready to get moving? (throws punch) our new virtual classes were designed for you and millions of seniors like you. you can now choose from thousands of live virtual classes every week. get moving wherever you have an internet connection. and when you're ready, enjoy access to thousands of loc

available now for comcast business internet customers with no line-activation fees or term contract required switching today. comcast business. powering possibilities. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ . >>> welcome back time for a check up on a health care trade a few weeks ago we got the down low on centene >> is this stock worth more or less than it was three and a half years ago as an enterprise, a a business, as principal more. when you consolidate this it represent a mutt approximate compression and at some point it gets too cheap and breaks out. i think that's exactly what's going on here. >

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. >> welcome to the bloomberg audience. i am mark crumpton with first word news. the cdc has recommended a coronavirus vaccine by pfizer or moderna over the johnson & johnson shot. president biden warned that unvaccinated americans faced what he called a winter of severe illness and death and asked the u.s. supreme court to allow a federal shot mandate for health workers to take effect. pfizer has asked u.s. regulators to grant full approval for their jab in children between the ages of 12 and 15. british airways has put its flights to hong kong on hold until march. the move comes after hong kong imposed strict quarantine rules that forced air lined workers -- airline workers to stay in a makeshift camp.

available now for comcast business internet customers with no line-activation fees or term contract requiredmcast business. powering possibilities. hey, angie! you forgot your phone! hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season. >> these are your first word headlines. the u.s. and russia will hold three rounds of talks on european security next month. the plan was revealed after a phone call between joe biden and vladimir putin. the kremlin says putin was satisfied with the talk. the white house says biden asked russia to de-escalate tensions with ukraine. investors will get fresh insight into fed plans next week. the central bank starts

available now for comcast business internet customers with no line-activation fees or term contract required by switching today. click, call or visit a store. ama: we see the aftermath of car break-ins too often. windows asd, last shattered. some people are so fed up, they're taking questionable measures to avoid becoming a victim. a story he will see only on seven. reporter: caught the price of parking in the bay area, bracing for a break-in. people here at least try to be persuasive, writing please use the door or let up big, please don't break the glass. nothing inside. yet it still happens. sadly, even while you are driving, just waiting for the light to turn green. this matching prep happened two weeks ago -- this smash and grab happened two weeks ago in japan town. it has come to this, trunks wide open. oaklanoaklan chief says it is the first she has heard of it, but it is happening in san francisco too. >> we live in a different time. it is unbelievable. reporter: former sfpd deputy chief says in his close to 40 years on the force, he has never seen people resort to this, call it an i

available now for comcast business internet customers with no line-activation fees or term contract requiredg possibilities. this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. maria: over the last 20 years since china was admitted to the wto and many companies have been heavily depend on china. this dependence leads to the fact on a daily basis we have not just government leaders but important advocated the policies and taking actions that are bad for america good for china. we have american investors and we have people in these countries to invest in building weapons designed to kill american soldiers in the future they do not care and were forced to choose between billions more dollars in profits fr

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. hey, angie! you forgot your phone! hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season. >> it is 9:00 p.m. in new york. some of the stories we are tracking today, the pboc has boosted his daily liquidity injection to 200 billion yuan. that is about $31.4 billion. the chinese central bank repeated that the exchange rate will be more flexible in 2022, although it will stay a sickly stable. the pboc 2022 were conference promise to focus on property finance to meet the needs of homebuyers.

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >> the market pointing to a jump even oil is soaring. a new article out of israel suggesting more about the new variant and positive new developments around treatmentfront. >>> let's get right to it. reason to believe this day may be better than the last. stock futures soaring but nasdaq and s&p doing even better. perhaps people would have done whenever there is a dip, they pile back in tech. those futures it doesn't indicate where that will go. a positive start to the month. major declines up on average on tuesday. likely also a lot of underlying options to contribute. because the markets have fallen mostly because omicron has become a variant of concern. a one-year chart of the s&p 500. we have noted where the delta mutation became labeled a variant of concern by the w.h.o. that was may 7 investors got scared and started selling. a lot of worrying headlines around delta more transmissible maybe more d

available now for comcast business internet customers with no line-activation fees or term contract requirede by switching today. comcast business. powering possibilities. >> present biden walking back comments this week amid backlash for saying this. >> outlook, there is no federal solution this get solved on a state level ultimately gets down to where the rubber meets the road. >> gop governor across the country lashing out here's how the arizona governor responded. court the president wants it both ways he demands governors resolve the pandemic because his administration can't yet he continues to push vaccine mandate on businesses with no thought to the consequences. rnc chair ronna mcdaniel joins me now. by and try to tout his covid plan for testing after his comments caught fire but the white house is the president on vacation and delaware of course will not be signing the contract for this 500 million at-home test until late next week. honestly that means they're not going to get in people's hands for several weeks. what you make of all of this? >> the biden administration has been cau

available now for comcast business internet customers with no line-activation fees or term contract requiredave by switching today. comcast business. powering possibilities. >> i am vonnie quinn. a new york jury found ghislaine maxwell guilty of learning and grooming under a -- underaged girls. the verdict came five days after deliberation. maxwell convicted on five charges including sex trafficking of a minor that carries a possible prison sentence of up to 40 years. the u.s. chipmaker micron says it's production in the chinese

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. >> this week on bloomberg grain. lights, camera, climate action. >> the tv and film industry about 200 billion on content every year. that's a huge amount of purchase power to shift markets. >> one of the most obvious things, all they have to do is look at their feet at the end of the night and they can see all the plastic at the end of the ground -- plastic on th

available now for comcast business internet customers with no line-activation fees or term contract required can save by switching today. comcast business. powering possibilities. i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ >>> welcome back last week carter and mike had tesla taking a hit listen >> often after breaking out from a well defined top at a common level, you'll check back to it so if you simply take the highs from which the stock gapped up on the hurts news, that gets us back to the 9, 10 level. >> i was looking at the january 1100, 1120 call spread this is where i'm talking about how much capital

available now for comcast business internet customers with no line-activation fees or term contract required today. comcast business. powering possibilities. maria: welcome back. a group of haitian migrants who illegally crossed into texas earlier this year are now suing the country, filing a class action lawsuit against the biden administration over alleged mistreatment. the filing says the administration failed to prepare for the surge of migrants, he despite knowing of their imminent arrival. i spoke with texas attorney general ken paxton. here's how he responded. >> it seems pretty ridiculous that a lawsuit could be filed over illegal immigrants being treated supposedly in a way that they're not satisfied with. it just seems ludicrous. but, look, the entire border situation is ludicrous and yet here we are every day dealing with a crisis that just goes on and on because the biden administration doesn't face reality or doesn't care about reality. maria: well, maybe, you know, since the administration started floating this idea that they were actually considering paying $450,000 per head t

available now for comcast business internet customers with no line-activation fees or term contract requiredsiness. powering possibilities. gerry: bad news on inflation as wholesale prices increased by 9.6% from last year. that's a record high since the government began collecting data 11 years ago. the biden administration is relentless to blame anything but their own policies for the rising prices. listen to this. >> the president, the secretary of agriculture has both spoken to what we seen as agreed of me conglomerates. you could call it jacketed prices during a pandemic. gerry: we had little inflation for the last 25 years and suddenly under joe biden it got greedy especially meat companies are now subbing for inflation. let's take this up with our panel miranda, let me start with you if i may. , first of all they told us inflation was not happening. then they said is happy but ago be transitory now it's the fault of greedy companies. it's clear from polling numbers that we saw fox business had a poll showing voters by the administration, they are not buying it, are they? >> no they're

available now for comcast business internet customers with no line-activation fees or term contract required can save by switching today. comcast business. powering possibilities. mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises. oh, no! seriously? hmm! it's not the same if she's not here. oh. -what the. oh my goodness! i don't suppose you can sing, can you? ♪ the snow's comin' down ♪ -mommy? ♪ i'm watching it fall ♪ watch the full story at www.xfinity.com/sing2 jack: the upcoming tax season will be a challenge for some filers, 2021 returns may be complicated by covid related benefits such as extended unemployment benefits and stimulus checks. h & r block is seeing challenges of its own from fin tech disrupters. here to sort it out, h & r block ceo, jeff jones. thank you for coming on the show. >> great to see you. thank you. jack: h & r block will file more than 20 million returns. what are some of the big issues you're helping taxpayers sort through? >> i think this year it's coming off of two very, very unusual years, obvious

available now for comcast business internet customers with no line-activation fees or term contract requiredering possibilities. >> in the bull market of 2021 extended to the new year, the cover story global portfolio manager sarah malik joined is now. it is great to have you on the show, we appreciate it. >> thank you for having me. >> we had three straight years of double digit returns. a bunch of forces are pushing the market in different directions. i want to start with the fed and omicron. not so long ago yet a covid wave and that was a guarantee that the easy money would continue to flow. now it looks like the fed will tighten even if covid were to undermine growth, how does that play out, who wins. >> going into 2022 with uncertainty with the two issues the fed and omicron against credibility this week when they came out and turned more hawkish when it comes to inflation and the catching up to what markets were expecting. they're predicting eight interest rate increases to 2024. there is a silver lining were looking at inflation and seeing a shift in spending from goods and services.

available now for comcast business internet customers with no line-activation fees or term contract requiredng today. comcast business. powering possibilities. jack: the upcoming tax season will be a challenge for some filers, 2021 returns may be complicated by covid related benefits such as extended unemployment benefits and stimulus checks. h & r block is seeing challenges of its own from fin tech disrupters. here to sort it out, h & r block ceo, jeff jones. thank you for coming on the show. >> great to see you. thank you. jack: h & r block will file more than 20 million returns. what are some of the big issues you're helping taxpayers sort through? >> i think this year it's coming off of two very, very unusual years, obviously, where the tax season started late and they ended late. but i think from the consumer perspective, it's really about child tax credit and making sure that those that may have missed the stimulus payment have the ability to recover the stimulus payment that they missed. so those are two unique things that we see moving into the tax season. of course, that's in additi

available now for comcast business internet customers with no line-activation fees or term contract required today. click, call or visit a store. wealth management is planning your path together. and, it's guiding you along the way. start a relationship with citi and earn a cash bonus when you open a new eligible account and complete required activities. >> thank you for watching. i am ama daetz. >> i'm dan ashley. we appreciate your time. >>> huh, huh, huh, huh, huh, huh, huh, huh, huh! aah! >> dicky: from hollywood, it's "jimmy kimmel live!" tonight, ken jeong, and maya erskine and anna konkle. and now, jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: thank you. hi, everyone. welcome. how are you doing? cleto. thank you very much. i'm jimmy, i'm the host of the show. thank you for coming. thank you for watching. [ cheers and applause ] that's very nice, i appreciate it.

available now for comcast business internet customers with no line-activation fees or term contract required you can save by switching today. comcast business. powering possibilities. >> ♪ ♪ >> tucker: a name you have not heard nominated by biden to serve on the federal trade commission. a lot of federal agencies but this is an important one. the fts protests consumers privacy. it's investigate google in recent years. we believe it's too lenient. a former google lobbyist is helping shepherd this person through the confirmation process in the senate. that doesn't seem non-corrupt. robert rayban is the nan's name. a democratic lobbiest in washington. he represents dozens of clients. this man's firm still consults with google. this show was talked that rayban is a sherpa for pedoia. and that's corruption. a massive conflict of interest here. the guy who works for google helping to install the guy who regulates google. a few democrats have talked about breaking up big tech. they don't mean it. how do you know that? if this man is confirmed as the fts commissioner do you think he will forget who

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. [♪♪♪] judge jeanine: welcome back to "justice" on this christmas night. nothing says christmas in new york like the world famous st. patrick's cathedral. as we remember the birth of jesus, take an inside look at history of st. pat's. >> it mass been called the first one der of the new world. the most perfect example of gothic architecture in america's past and present. with christmas displays that stun more than 2 million visitors every year. foxnation is bringing you to the heart of new york city for a behind the scenes look at st. patrick's cathedral like you have never seen before. the history of st. patrick's cathedral reflects the history of the today need rall itself. when the cornerstone was laid, it was almost wilderness. almost the entire population lived in the southernmost part of manhattan. when he said let's build the cathedral in the wilderness, they said you are crazy. but when you look around,

available now for comcast business internet customers with no line-activation fees or term contract requiredou can save by switching today. comcast business. powering possibilities. tom: these are your first word headlines from around the world. the u.s. and russia will hold three rounds of talks on european security next month. the plan was revealed after a phone call between presidents joe biden and vladimir putin. the kremlin says vladimir putin was satisfied with the talks. the white house said biden called russia to de-escalate tensions over ukraine. avoid cruise travel even if you are vaccinated, the latest warning from the cdc. the traveler lord

available now for comcast business internet customers with no line-activation fees or term contract requiredhing today. comcast business. powering possibilities. i was very straightforward and made it very clear. if they invade ukraine there will be severe consequent is. gerry president biden met this week by video call with vladimir putin and warned him u.s. would respond with sanctions if they invade ukraine invited announced a diplomatic boycott of the winter olympics next year end protest that china's crimes against humanity as china continues making aggressive noises about taiwan. iran is buildings nuclear capabilities defined the u.s. and threatening stability for merck's allies in the middle east. the two americans detect terminal weakness in the biden administration john moody is a distinguished author vice president and executive editor who served as a correspondent. of course they knew the fascinating work that reads like an uncannily accurate account of how china handled the coronavirus opry. >> taken for being here. >> let's talk that biden met prudent in trouble with china and i

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available now for comcast business internet customers with no line-activation fees or term contract required you can save by switching today. comcast business. powering possibilities. >> it is 9:30 in new york. a quick check on the big stories we are tracking. china has reported 180 two local covid-19 cases. most of them in a western city, where all residents are in lockdown. they are carrying out mass testing. in the u.s., president biden says the white house is trying to ramp up testing capacity, acknowledging it has not kept up with heavy demand. the cdc has shortened the time for covid isolation from 10 d

available now for comcast business internet customers with no line-activation fees or term contract required today. comcast business. powering possibilities. >>> this week the supreme court heard oral arguments in the mississippi abortion case dobbs versus jackson women's health. the first major direct challenge to roe v. wade in almost 30 years. >> when you get to the liability standard, we share that standard with the peoples republic of china and north korea. >> what constitutional right protects the right to abortion? >> you say the existing framework accommodates that's your word both the interest of the pregnant woman and the interest of the fetus. you can't accommodate both interests. you have to pick. >> of course we only heard questions and responses this week from the lawyers. we don't know how this is going to go. but it's possible of course that the court could strike down roe v. wade. what might be the implications of this? let's ask our panel. tom bevin, to you first here, we don't know, you can't really read all that much from just listening to this. we don't know the court's

available now for comcast business internet customers with no line-activation fees or term contract requirednew year too. >> anthony: despite initial appearances, the philippines is not all holiday cheer, and dancing bugs. ♪ >> anthony: the filipino martial art, kali, is among the most brutal remorseless defense systems going. it was developed to deal with very harsh realities in a very tough, very bloody history. three centuries of brutal spanish colonial rule, invasion by the japanese, near the end of world war ii, american forces bombed manila, pretty much leveling the city. martial law. ♪ although the philippines has remained a democracy since then, it can seem at times, fragile. [ bell ringing] >> anthony: now, you both photo journalists? >> yes. >> anthony: based out of manila? >> me. >> anthony: now, does a journalist need to carry a firearm in this country? >> for me, yes. >> anthony: in the philippines a press badge is no defense, particularly in the south of the country where mark lives and works. >> because of the radicalization of recent years, this is fertile ground for that. >>

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available now for comcast business internet customers with no line-activation fees or term contract requirede if you can save by switching today. click, call or visit a store. >>> thanks for joining us. i'm deirdre bolton. nikki addimando went from a nightmare of abuse to a conviction to a jail cell. in an appeal for clemency that's being watched across the nation the issue is will victims of domestic violence stop being prosecuted for defending themselves? here's "nightline" co-anchor juju chang. >> reporter: they say a picture's worth a thousand words. >> she had an instagram and it recorded a super wholesome life. >> reporter: but how much can you really tell fromabout a pers life from a snapshot? online nikki addimando was the perfect portrait of a young mom. two kids, ben if & fay. smiling, goofy. >> she took amazing photos of her kids. those are like their happiest memories. >> there was a cute element to the days, and then it seems like there was a very dark element to their nights. >> reporter: out of of frame there were things she didn't share. allegations of severe physical and sex

available now for comcast business internet customers with no line-activation fees or term contract requiredtching today. comcast business. powering possibilities. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ashley: just a handful of people on jacksonville beach in florida. what is seen, sunny and a high of 80 degrees today. not bad for december 20 ninth. quick correction for you. former democrat majority leader harry reid was a senator from nevada. we previously said nebraska. as covid cases rise travelers are facing mass canc

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. click, call or visit a store. ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom for me and you ♪ (music ♪ so i think to myself ♪ ♪ oh what a wonderful world ♪ nespresso vertuo. redifining coffee. with one touch. precision brewing technology. a smooth crema. for an exceptional coffee every day. nespresso vertuo. what coffee is meant to be. breaking news and that breaking news is in pittsburgh where police say a woman has died of carbon monoxide poisoning in a home three children between the ages of six and sixteen were also found they are being treated at the hospital police. say a family member called. police to do a welfare check at the home on vincent street around 7:45 tonight after they hadn't heard from their relatives in several days contra costa county fire and pg&e also responded to the home. good evening. thank you for joining us tonight. i'm on a dates now to our other top story a bay area public health officer with a dire

available now for comcast business internet customers with no line-activation fees or term contract required can save by switching today. comcast business. powering possibilities. >> it is 9:00 p.m. in new york, 10:00 a.m. in shanghai. sensetime shares jumped in their hong kong debut. the firm had delayed its ipo after being sanctioned by the u.s. treasury treasury department earlier this month over suspected human rights abuses. sensetime sold 1.5 billion shares in the offering, raising 740 million u.s. dollars. >> 60% of the capital raised in this ipo will be spent in research and development to build

available now for comcast business internet customers with no line-activation fees or term contract required you can save by switching today. comcast business. powering possibilities. guy: stocks on a tear as we get into the end of the day here near. we are about to close the markets down. it's been one way traffic. that has pointed up. we seem to be recovering very quickly from our concern about the fed and omicron. as you can see, there are some subtleties. the ftse 100 was held back by astrazeneca. the dax, absolutely roaring, porsche and wells fargo on the front foot. those stocks are getting a significant boost. we have really positive performances coming through from the luxury sector. let me show you have the session has developed. it has been one way traffic from the get go this morning. it plateaued through the day. u.s. markets are open. retaking 480. the sector story looks familiar. we see on both sides of the limit. tech is leading. that's the narrative as you can see. tech is up by 5.4%. that's helping at the london market a bit. the luxury sector is in there as well. it is up o

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. dani: good morning from bloomberg. i am dani burger with manus cranny. this is bloomberg "daybreak europe." plan b, boris johnson calls bryn to work from home as omicron spreads. the bielby will delay hiking rates. lift says they do not have to come back until at least 2023. factory inflation slows in china from may 26 year high. consumer prices jump at the fastest pace in over a year. most stocks rise. my aim for every morning is to get the goldstar from you. i know you love this chart. i am bringing it back. it is the inflation-adjusted earnings on the s&p 500. this is from bank of america who flags that this is the lowest rate for real earnings since truman was president. manus: someone just said, where were you in 1947? i know i am vintage on this show , but i am not that vintage. we will have to ask tom keene for that. [laughter] take that chart and pause for a moment. if i get such deeply negative retur

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. . >>> last couple of weeks have been brutal. we kept hearing this meltdown described as a risk off market i think it misses the most important dynamics and it confuses you what we're really dealing with are several concurrent -- you have the total break down in the pandemic place or the decapitation of docusign it's accelerated you have the ipos from the class of 2021. almost all but your struggling they came in way too high. we ahead a record number of deals and that always ends badly. you have the chinese stocks that's opinion slow motion drain wreck. new rules for finally formalized of many chinese stocks that don't comply with u.s. regulations. bitcoin down 25% from the highest in a month you have some specific retailers that are being strangled by supply chain i'm talking about the stocks, most of which are cloud based software names they trade at sky hoi prices to sales. sales. they have no earnin

available now for comcast business internet customers with no line-activation fees or term contract requiredoday. click, call or visit a store. >>> well, look at what >>> some firefighters found this in the christmas stocking. they have a new firehouse friend, a seven-week-old cattle dog. a cattle dog and german shepherd mix. acute face. his name accuse of course is ash. and before we go tonight, new video of the oakland ballet performing the nutcracker this weekend at the paramount theater. will that be fun to taken. a special take on the holiday favor and artistic director could not be happier. >> suddenly they are on stage and i see the beautiful faces and my heart is singing and that's how beautiful it is d that's what makes this year so is ordinarily different. >> it would be fun to do that for living. thanks for watching, game day is next. stay tuned and transfer watching, good night. >>> this is game day on kpix 5. >>> just like the man said, 49ers did. remember when they were three and five? how are you feeling about it right now, what the game and the team has flipped. welcome to ga

available now for comcast business internet customers with no line-activation fees or term contract requiredou can save by switching today. comcast business. powering possibilities. >> politico taking heat after coming to the aid of vice president them harris as she faces thinking approval numbers and rumors of office dysfunction the magazines in, quote, vice president kamala harris is a pioneer, political celebrity and media savvy gen xers, the magazine says her troubles are, quote, not her fault saying she's taking heat from the media in ways her defenders say is unique to the country's first female, black, salvation vice president was the magazine advises the embattled vp needs a big project booster image and to find voice on the 2022 campaign trail. president terry ari fleischer says the white house is getting bad press because of the administration's embrace of far left policies. >> the president is less in over his head as she is and we pray for his good health so we don't get her but when you look at her boss it is fair to say since president biden took office he has had the reverse m

available now for comcast business internet customers with no line-activation fees or term contract requiredave by switching today. comcast business. powering possibilities. >>> despite the pandemic, the resilient consumer has given retailers a lift this year courtney reagan has a look at what to expect from the group in 2022 more of the same >> yeah. i think so, and that could be a good thing, because in a world that is still in a pandemic with new variants emerging, it's pretty amazing to see how resilient the u.s. consumer has been and is expected to remain job opportunities are ample in the united states. wages are finally rising, home values are appreciating. it's a set-up for consumers to have discretionary income to spend even in the face of the rising inflation it's 42% compared to the 28 % rebound and many analysts have bullish outlooks for the new year, even if the economic outlook is expected to slow down from the rates we have seen. for all of the negative headlines, many tenants had banner years the dying department stores didn't play out for the biggest department store by reve

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available now for comcast business internet customers with no line-activation fees or term contract required you can save by switching today. comcast business. powering possibilities. dani: welcome back to the open. 30 minutes into the european trading day. european cash trade has gotten underway and it is a santa rally from yesterday. u.s. stocks hit and all-time high on optimism that omicron will not hamper the rally. gas prices plunged as more ships carrying u.s. lng race to the continent to offset brush and supply. covid cases upends travel plans. united and delta canceled 200 flights. let's take a look at sectors on the move. we have much less equity trading than usual. the dax is closed and volumes are thin. leading the way is travel and leisure. this kind of looks like the polar opposite of what has happened year to date. here today, this is a worst performing sector. some portfolio adjustments. we did have some negative travel news but that is mostly in the u.s. with positive covid cases in delta and united meaning they had to cancel flights. elsewhere, we are seeing retail and ensur

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. . >>> this morning we learned about an intriguing small merger in boutique banking. the parent company of silicon valley bank the premiere banking partner as well as sbv, the boutique investment bank is buying the tech focus equity research firm. they are pick up foffett nathanson. let's take a closer look with craig moffett. congratulations and welcome to mar mad money. >> thank you so much great to be here >> it's a drew come true for a lot of people. they want their own shop they know it's tough out there how did this come about. you don't just wake up one day and be moffett and be really successful you worked at this >> we worked at it a long time i was started with i started mvr nathanson to partner with michael, michael nathanson it was a perfect fit we built a business and really lucky when we added lisa ellis is one of the best analysts i've seen it's built with a lot of talent. what were you dr

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. >>> testimonying are holding a conference call tonight, but will senator joe manchin will dialing in sources say it was corgile. >> what is troubling to me is you have two senators not just prepared to fight, but they said it's my way or the highway. if you don't do what i want, mr. president, while members of the democratic caucus, i'm walking away from here and i think it is unacceptable. and steve clemmons. is there is path forward? >> not as it currently exists. i think the build back better bill is not what they will take back up here in the spring, every statement that we have seen say they suggest the agenda items are too important to be left behind pause of the opposition for now. i think we will see a break here over the holidays. and a resituation of what will pass both chambers. >> and steve clemmons, he reacted to the blistering segment, let's listen. >>. >> basically, and it is fast. i understand

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> after closing at an all-time high, our next guest wrote a piece titled why bitcoin is worse than a madoff style ponzi scheme joining us now, an oxford university faculty member, robert mcally. why don't you lay out the argument for us first and how bitcoin, since it cannot end in a run, could end in a crash. >> sure, diedra. a lot of people say it's just a ponzi. even economists say that but i think that's wrong it's worse than a ponzi in a couple of key respects for one thing, in a ponzi, if there's a run if the scheme collapses, you wait around long enough, you might get a sizable chunk of your money back in fact, some 12 years on, 13 years on, investors in madoff's scheme were up to 70 cents on the dollar and it's still rising every dollar they've put in, they've gotten back 70 cents from the bankruptcy court. what happens if bitcoin collapses? well, there's going to be nobody you can go after yo

available now for comcast business internet customers with no line-activation fees or term contract requiredif you can save by switching today. comcast business. powering possibilities. guy: we are wrapping up the friday session in europe. let me tell you where we are as we come into that close. negative. the map red across the continent. the ftse is up because astrazeneca is up. astrazeneca, the biggest cash stock in that market. the auto sector, the lead losing sector on the day. let's talk about how the session looks. this is the stoxx 600 over the last five days, down around .3%. significant volatility being generated, in particular by the fed decision at the narrative going forward. we're tried to factor in omicron as well. the volatility, the fed story the biggest driver of that. let's take a look at where the sector story has developed over the last five days, where have we seen strength coming through? the miners. particularly on the china story we have seen base metals coming up, the mining sector up 2%. that is where the lifting is being done. health care is trading higher. that is