welcome back, dani burger, before the rules change. we are looking at risk and reassessing the demolition of risk on on product. this is -- on product. this is what he said -- on friday. this is what he said. the data that we have so far, dani, on omicron is mild to moderate symptoms so far. if this turns out to be true, it will be bullish and not bearish for markets. welcome back. dani: good to be back. we made it back in the nick of time. the question being asked for these markets is that selloff on friday, was act first, ask questions later. and does that represent the ultimate black friday shopping deal? we're still about 2.2% off an all-time high on equity markets, so perhaps there does need to be some questioning about, his everything all clear for these markets? of course, the virus, the variant a big question mark that will continue to loom over. manus: the volatility was dem strip lehigh -- demonstrably higher relative to the equity market. but it take me back to singapore two weeks ago. he had never seen greed like this in 40

i'm manus cranny in dubai, dani burger in london.ve a new report from dhl that suggests he could see a decoupling of the world's two economic giants, the u.s. and china. it says we could be moving toward a more regionalized economic system. what does that really mean? we go to john pearson, ceo, dhl worldwide express. thank you for joining us. how much damage has been done to global connectivity as a result of covid? a flesh wound or a mortal blow? john: neither of those. i think this is the report we have been waiting for. it is the 10th year of participatin in the study of global connectedness. it has 3.5 million data points that suggests the world is more globalized and connected than ever before. and trade has bounced back significantly to 5% higher than pre-pandemic levels. picking up on a point about regionalization taking over from globalization, one of the most fascinating parts is that simply is not the case. the average distance traveled for trade has continued to increase. within that point, i would like to say the 83% of

dani burger alongside me in london hq. president joe biden and xi jinping hold her first official summit as they cease to stabilize relations. uneasy about inflation. he voices concern about surging prices. we get the final piece of the deal. the key jobs data. plus, our conversations with india's oil minister ahead of nigeria's safe oil company. oil historian dan yergin's this hour. your big day for global relations. we are going to dig into that in a moment. the readouts. the oil market is on fire but it is the inflation narrative that is a source of angst. it was a taper denied, a taper delivered, and now, there is a chorus rising on accelerated taper. these are the names that we put together for you. larry summers -- every board. you are looking at william dudley, larry summers, james. get on with it. we could end the taper sooner. what would a faster taper look like and what would it mean for the destination of rates? you have x fed members -- ex-fed members and economists raising the course. dani: larry summers loves

i'm dani burger in london.mmunist party officials say china has reached a new historical starting point. top leaders have paved the way for the president rule indefinitely by signing off on the first historical resolution in 40 years. let's get to stephen engle. take us through the latest from them. stephen: this historical document, if you want to call it that, has a lot of global ramifications. the last two leaders who were able to enshrine their thinking into communist party doctrine, china back then was a small economy, sealed off from the world. it is sealed off now for different reasons, covid. it's the world's second biggest economy. it has one of the most powerful militaries in the world. it's now going to be essentially, possibly run by a single individual for the foreseeable future. with this doctrine, he essentially is giving the strongest signal yet that he will seek an unprecedented third turn -- unprecedented in the post-mao era. even potentially more. that has global ramifications on such a large

i'm dani burger and this is daybreak europe. here is what you need to know. >> we think we can be patient. if a response is called for, we will not hesitate. dani: stocks hit records once again as the fed announces tapering will start this month. jay powell signals he is in no rush to raise rates. the same cannot be said for the boe. it could become the world's first major central bank to hike through covid in a knife edge decision today. plus, it is banking bonanza. easy day for europe's banks results in credit suisse, socgen, and putting more. do not miss that conversation with the ceo's of these various banks. speaking of those banking results, they are coming in fast and thick this morning. the headlines crossing the terminal. beating estimates for the third quarter. those results specifically, net income of 1.3 7 billion euros. the estimates have been for $1.9 billion. the fees and focus for ing. it is beating estimates despite the fact that we have seen rates very low. this is a hurdle a lot of banks have had to surpass. al

dani burger, good morning. dani: good morning, stuart, thank you for joining us.to mention quickly, across the terminal, ever grant -- evergrande with bondholders yet to receive payments. they have until the end of the business day today to repay it. it has a 30 day grace period. still, the evergrande fear really isn't going away, is it? manus: not at all and i think the entire housing sector last week, maybe not the higher risk and under pressure, some people are saying the worst has passed in the lower end than the mid and higher-quality names. names that annabel brought to our attention earlier in the day. dani: and of course our last guest norman saying perhaps the worst is not over yet when it comes to china. from china to the u.s., pfizer says it's covid-19 pillow reduces hospitalization and death and high-risk patients by 89%. it is looking for approval for the new way of treating coronavirus. we spoke with the firm ceo. >> we are negotiating with all governments and when we have orders, we are expected to manufacture so that everybody will get it in a fair

i am dani burger.lobal yields drop. -- kicks off the rally and bond markets from australia to the u.s. the stay-at-home trade fizzles. peloton shares plunge. uber has his first adjuster profit but the stock still falls. crude prices rise. investors await a u.s. response to the modest oil hike from opec-plus. we end the week with a surprise and a global reset in this bond market. this was supposed to be the week that the inflationary hawks were in charge of the show. a surprise from the boe that affected these bond markets. i think dan moss puts it really well in apc published yesterday. if the hawks could not score in london, a cause into serious question the past month's dominant storyline of central banks being pushed around by investors counting on early hikes. we did not get that uniform turned in tighter policy that perhaps many were expecting this week. what has the reaction in markets been? it's been a rather across-the-board in this global bond market. we saw everyone from u.s. to australia to

i am dani burger with manus cranny live on the road from singapore.ld leaders seal a breakthrough climate dealing glasgow after two weeks of talks. can the watered down packed -- the water down pact leaves the paris clement accord on life-support. airbus scores the first big win at the dubai air shore with a mega order for 255 new jets. we bring you a packed lineup of interviews from the event. manus, good morning. the grinch arrived early, that is the consensus at bloomberg intelligence. looking at the friday numbers of u.s. consumer sentiment, whether or not inflation is transitory, it is clear some of these figures are starting to seep into the psyche of the american consumer and the risk is at which point does it start to pull back on demand and become a self-fulfilling prophecy when it comes to higher inflation? manus: absolutely. i'm going to be trashy and still the headline, because i won't sing a christmas carol just yet, but the grinch arrived early. i do a christmas rendition but we are still in november. therein lies the point, tim clark, t

i am dani burger alongside francine lacqua.tick further into this story, the new variant that has spread. france is one of the latest countries to report eight possible cases within its borders of the new strain. some countries have banned travel from south africa, where the variant was first detected. we will hear from ed ludlow on the impact on global travel stocks. first, let's check in with maria tadeo, who is in brussels. how is europe reacting to this new mutation so far? maria: when you look at the cases we have already, there have been multiple cases identified and suspected, germany, france, italy, belgium, and the netherlands, where 13 cases were identified yesterday. all of this were people on a flight back from south africa into the netherlands. the message from the european governments over the weekend is the same we have heard for weeks and days. you have to get the vaccine. this is the only thing that will prevent escalation with this new variant. we know it is here in europe. you have to prevent it from spreadin

dani burger at london h.q. 're live at the bloomberg new economy forum and halfway through the first day of the forum. and i believe it's government and finance have gathered together in person. dani, a very good morning to you. dani: yeah. good morning, manus. and it is just fascinating there at the forum with the world's increasing inflation problem and china's growing role on the world stage. and just two of the things that have topped the agenda where you are, manus. manus: let's bring in our head of economics, senior executive editor, stephanie flanders. and you've had the conversations and a few radio guests. i'm curious, when we -- one of the first things about perhaps more government. i was kind of surprised when i saw you -- wow. more government. what does that mean? stephanie: one of the first panels involved mainly business leaders talking about how global business has been transformed by covid. and several of them suggested actually what they thought was the way that the world should be run in a way

joining us now from the summit, bloomberg's dani burger. were to you. -- over to you.m pleased to say we are joined by ursula burns, the founder of integrum holdings. of course, you were formerly the ceo of xerox as well. you are on many boards. you have been on many boards. but of course, private equity is where you find yourself now. let's talk a little but about integrum. part of the core of integrum is diversity, inclusion, social impact. what does it mean to have this at the core of a firm versus lot of private equity, which kind of attack it on at ash which kind of -- which kind of tacks it on afterward? ursula: i formed the firm with three other partners, mid to late career. we had already done a bunch in our lives, and we found ourselves sticking about what we could do in the future, and what we thought was to try to actually change a little bit of the way that business building is done today. business building is done largely by people who were born and raised to be in pe firms. the thing about it when they go to college, they grow up, etc. we wanted to have a

welcome back to london, dani burger. let's get to some of the breaking news we have coming across the bloomberg terminal. some results from merck, third quarter net adjusted sales 4.90 7 billion euros. they are talking about adjusted earnings-per-share of 2.4 euros. dani: i am back, ready for the break. the industrial giants, for them may be a little bit more positive than it was. a slight rise from 2022 margins after profit beat. seeing revenue growth at 5%-8% for next year. something analysts had expected and that definitely played through, the group was able to cope well with pressures coming from the supply chain shortages. that means their net income of 6.7 billion euros for the financial year that ended september 30, that means -- beats the consensus of 5.7 billion euros. it could be as high as 21% the next fiscal year, up from 18.8% in the annual period that just ended. this is important for siemens, one of the industrial giants. if they can have better margins if they have pricing pressure, this is something we r

it is my coanchor, dani burger. i woke up and i said, where is dani and they told me she is traveling. dani: i know you miss me. i am still next to you in the coanchor seat, and spirit. on my plane flight over here, this is the first time this conference is on since february 2020, the flight was packed. people are eager to get back. there was not a person on that flight on their way to this conference. it is more important than ever, private equity, capital, real estate. it has continued two throughout the pandemic and after the pandemic as well. these are the masters of the universe. there sitting on $150 billion of dry capital, a record amount to deploy. fund sizes are bigger than ever. blackstone is planning to raise over $30 billion. carlisle, $27 billion. we have a great lineup for you. in just about 20 minutes time, we will speak to the ares managing director, cohead. we will talk to carlisle. also, we will speak with ursula burns of integral holdings. a stellar lineup of interviews to bring you. manus: quality

i'm dani burger in london. here is what is coming up. concern, not panic. biden urges america not to react -- overreact to the new variant.

i'm dani burger in london., the white house is not worried about jerome powell's trading history.

joining us now is dani burger.is elon musk to selling the 10% that he promised in the twitter poll? >> he has a long way to go. he has sold around 7.3 million shares. he has more than half left to go. a lot has been made about that and the timing of the pole and if he had already planned to sell some of these. he had rearranged some of this pure he talked about in september saying he had a big bulk of options that were expiring and he wanted to exercise them. he had taxes to pay. it does appear at that this sale is part of that. this is what the aftermarket looked like for tesla. this does not think -- this does not include the most recent sale. we should get a new beat on tesla. francine: a new legal complaint was also filed yesterday. jp morgan sued tesla over unpaid warrants. what exactly is the dispute? >> it is minimum. $162 million or a trillion dollar company and a mega bank, it is a trivial amount. this is potentially a relationship that is becoming fraught over a small amount. and in some ways, it is this

i'm dani burger in london.

dani burger is sitting down with him ahead of his appearance at the superreturn international summit.to you. >> thanks so much. i'm really pleased to be here with david rubenstein, cofounder of carlyle group and host of the david rubenstein show. david, thanks so much for sitting down. i know you have a busy day ahead of you. you are giving the keynote speech tonight. i don't want you to front run it. but can you give us a little taste for the people here at this conference, the titans of the investing world, what is the number one question the need to be asking themselves? >> right now, when you think about it, this conference was held two years ago, if you had known two years ago we would go through covid-19 as bad as it was and an economic recession as bad as it was, you would have thought the private equity world would have gone down. it is healthier than it has ever been. my point today is that if you looked at the most important economic and geopolitical issues facing the world now, is it likely we can also ignore them over the next two or three years and have a private equity w

view is that actually the forward manus: it is bloomberg daybreak: europe with manus cranny and dani burger. back to glasgow. carbon pricing topped the agenda for the day. former president barack obama imploring nations to work together. >> we are nowhere near where we need to be at. for starters, despite the progress paris represented, most countries have failed to meet the action plans they set six years ago. dani: our next guest believes that pricing carbon is the single most important thing we can do to address global warming. joining us now. i do want to start with this basic idea. why is having a global carbon market crucial to reaching our climate goals? >> as you have said, we think pricing carbon is perhaps the single most effective thing we can do. it is not the only thing we can do. we need to change agriculture protect forests. pricing carbon has systemic effects, so it changes behavior. manus: good morning to you, eron . today kicks off the debate on carbon trading in glasgow. give our audience a sense of where that market is right now and what needs to be done to make it more