jonathan: frances donald, you can respond to that. frances: certainly not saying we are there, and i agree, what we are talking about is marked to market. a little bit of improvement in the labor participation rate, but i still worry about the first half of 2022. even though the fed is saying everything is looking good, i agree with bob, everything looks great right now. 2022, we will have lower pmi, drag from china, less income support. that will be problematic, even if we see improvements around the structural elements. we still have this big pot hole to get through in the year. jonathan: this takes us to december 15 and this rate decision. how much space is there between a taper and a rate hike? bob: a couple of months at most. this week has been a gift to powell and the fed. it has highlighted that the market is concerned they are making two policy errors, near-term and long-term. the near-term error they are concerned about is they are accelerating tapering right as a very transmissible variant of the virus starts to spread. that

we are joined by frances donald, chief economist of manulife investment.ically, she is on "real yield." we have stolen her from jonathan. she is out next. -- up next. this is bloomberg. >> has joined the united states, u.k. and australia in a diplomatic boycott over beijing winter olympic games. justin trudeau says canada is extremely concerned by the repeated human rights violations by the chinese government. athletes from the country will take part in the games but no government officials will attend. republicans are ramping up their efforts to roll back president biden's vaccine and testing mandates. the washington post reports indiana senator wants to roback the federal vaccine mandate -- roll back the federal vaccine mandate. it would take just 51 votes to revoke the mandate. the effort would face an uphill battle in the house of representatives. schultz has been sworn in as chancellor. schultz has been angela merkel's vice chandler -- vice chancellor. the white house says president biden has can draw -- has congratulated him and wants to work closely

of action was greater to in vienna in 2015 return iran, china, france, russia, the u.k., and france, but donald trump pulled the u.s. out of the deal made by his predecessor. a year later, iran said it was no longer bound by the terms of the deal and would restart higher level uranium enrichment. that was a start of a series of steps which saw a tenfold increase in enrichment. this year, with joe biden taking office, came a fresh set of talks to rescue the accord, but so far, it has been plagued with stumbling blocks, including a pause after the election of a hardliner to the iranian presidency. iran's negotiator says tehran is serious about reaching a nuclear agreement but is not backing down from its demands. negotiations between iran and world powers resumed in vienna on thursday. the eu official chairing the talks says all sides have shown a renewed sense of purpose to revive the deal, although last week iran was accused of not taking talks seriously. >> we felt from all delegations this morning a renewed sense of purpose. this is my impression from this morning. it is a very difficult ende

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. >>> speaking of donald trump and speaking like donald trump, voters in france will soon decide whote is drawing very clear comparisons to former president trump. cnn has more on the right-wing tv personality turned presidential hopeful. >> reporter: the political force shaking up france's presidential campaign. anti-immigration, anti-islam ideologue delivering his first official speech as a candidate. >> translator: obviously, i'm not a racist. you're not a racist. all you want is to defend your country, our homeland, the heritage of our ancestors. >> reporter: promised zero immigration. this is the reaction we've been getting. moments later, his campaign marred by violence. this is how his supporters responded to an anti-racism protest. convicted twice, found guilty of religious and racial hatred and fined. zemour has drawn comparisons to another fire-breathing populace. >> they're bringing drugs. they're bringing crime. they're rapists. >> translator: they're thieves, assassins, rapists. that's all they are. >> they can try to steal the election from us. >> translator: don't let

france, russia, the u. k. and us. but in may 2018 president donald trump pulled the us out of the deal made by his predecessor later that year he re imposed sanctions. a year later, ron said it was no longer bound by the terms of the deal and would raced high level iranian enrichment. that was the start of a series of steps which by november or a tenfold increase in a winch in enrichment. this year with joe bought and taking office came a fresh set of talks to rescue the chord. but so fines been playing with a stumbling blocks, including a pause after the election of hotline at abraham racy to the iranian the presidency . around the top negotiate it says, hey ron is serious about raging and nuclear agreement, but isn't backing down from its demands negotiations between iran and well, how is resumed in vienna on those thing? the you, if sharing the talk says all sides have shown a renewed sense of purpose to revive that 2015 deal. although last week iran was accused of not taking talk seriously. what days both this morning was for the whole delegation

france, russia, and china as well as iran. t. ron has increased its enrichment of uranium and has restricted inspectors ever since former us president donald trump pulled his country out of the deal in 2018. the current us administration says it wants to return to the deal, but that's complicated by new demands by the iranian govern. as delicate diplomatic discussions, resume in vienna, d w went to the iranian capital tay, ron, to ask ordinary people what it's like to live with. the consequences of economic sanctions hope is in short supply in this commercial district of own tehran. as the talks and far off vienna rec, on even the small items on offer here, getting more expensive by the date too expensive for many most people we me don't dare to speak out about politics and those who do i disillusioned manager in that oh, if i don't reach agreement, then it will be young. people like me who pay the price 7. i'm as economy is in a shambles, otherwise there's no work. and even if you find a job, everything is so expensive when you're young, carney's, the caught on those, you're going on as a my get only. mia, buddy is norfolk one. if you eve

france, the u. k. china, russia, the united states, germany, it was designed to limit toronto nuclear ambitions and exchange for sanctions relief. in 2018 former donald trump, who the us out of nuclear cause, calling it the worst deal ever negotiated and began re imposing sanctions on a roll. top round responded by scaling back its commitments to the deal and enriching uranium beyond the agreed cap. but it says ron must curb some of its nuclear activities before it prepared to rejoin that iran insist that its nuclear program is entirely peaceful. ah, to me now our guests in vienna, where the talks are being held, says mohammed randi advisor to the iranian delegation, washington dc. we have hillary man levers also, and former white house national security official. and diplomat, hillary is negotiate with iran and co author going to to rond white american, must accept the islamic republic, overwhelmed and to berlin. we have hammered rizza as easy, a specialist on iran and foreign policy and a visiting fellow at the german institute for international and security affairs variable warm welcome to you all. thank you. joining us here on inside story. i spe

frances slams the you for trying to enforce supposedly inclusive language, likening its actions to the nazi dictatorship ah, a broadcasting live from the russian capital. this is our to international, my name is donald quarter. welcome to the program. vladimir putin and joe biden have concluded a 2 hour video call focusing on fears of a military escalation in ukraine. the kremlin and the white house have revealed the key talking points. ortiz saskia taylor can tell us more. there was a lot of hype around the school, but at the same time, very low expectations. and any major breakthrough would happen and not indeed seems to be the case here. after that phone call in which a number of issues was raised ranging from cyber warfare to strategic stability, to regional issues such as iran. both sides have come out with statements now and i will say it's very interesting to see how the 2 of them paint very different portraits of both the content and the tone of the phone call. that said, there are 3 points on which they do converge. the fuss is not the u. s. on russia will continue to walk diplomatically together. moving forward to that, the bulk of the conversation i was dedicated to ukraine and 3 that ind

france, russia, and china as well as iran. t. ron has increased its enrichment of uranium and has restricted inspectors ever since former us president donald trump pulled his country out of the deal in 2018. the current us administration says it wants to return to the deal, but that's complicated by new demands by the iranian government. as delicate diplomatic discussions resume in vienna. d w went to the iranian capital tay, ron, to ask ordinary people what it's like to live with the consequences of economic sanctions. hope is in short supply in this commercial district of ot, ron as the talks and far off, sienna, rec, on even the small items on offer here. getting more expensive by the date too expensive for many most people we meet. don't dare to speak out about politics. and those who do i disillusioned manager in that oh, if i don't reach agreement, then it will be young. people like me who pay the price 7. i'm as an economy isn't a shambles, and there's no work in even if you find a job, everything is so expensive when you're young. carney's, the caught on the road you're going on. i was in my good will nemea, buddy in casual effect