stanley reid, felix frankfurter and william o. douglas, frank murphy the next year, robert jackson and james burns the next year, and those eight roosevelt a appointees are just, you know, one after another in the wings starting in the summer of '37. >> and there were so many opportunities for him to compromise, and they came to him -- not so much cummings he was a true believer, his attorney general, but others came to him repeatedly with -- [inaudible] wheeler from montana, with offers to compromise, and he just wouldn't have it. i mean, he was dead set on moving ahead. you wouldn't even recognize the reality -- he wouldn't even recognize the reality of what was happening. his own allies were coming to him with stories of what was going on out there and how he was losing, you know, support in his constituencies. but he was very bullheaded in that, and it is extraordinary, again, with his sense of timing we created him with and his exquisite sensitivity to political winds, he just was dead set on this. >> there's a little kernel

i want to flag alex frankfurter because he was of course brilliant. and sort of in his career stood i think most closely to the judicial restraint model that the court packing proposal is about. that our policy and our country should by and large be made by elected representatives and it's the supreme court's job to get out of the way of a government that the national government and state governments have ample powers in our system. so frankfurter is a kind of othrough line and also just a charming and fascinating character. the other person that i think we all forget is roosevelt elevated harland fiske stone to be chief justice. stone was already and i chief justice. he was a coolidge appointee in the 1920s and roosevelt did that in the summer of 1941 as a bipartisan nonpolitical move. and that's a long start but that was a great thing. >> he was a member of the liberal minority. >> he was not one of the four horsemen. >> and interesting, frankfurter opposed the court packing plan . >> in his private heart. he helped counter and did not do anything p

. >>> tesla's frankfurts listed shares fall deep into the red when elon musk asks followers if she should-- he should sell an they say yet >>> softbank is in the middle of a blizzard after posting a second quarter loss. >>> wall street hits record highs as october's payroll reports top forecasts. with president biden's infrastructure bill passing the house of representatives after months of political infighting >>> a very good morning, happy monday and welcome to the show let's you kick off taking a look at richmond third stake has bought a staid in it, saying u.s. fund artisan partners which owns 1.2% has also been pushing for better performance. the chair only owns 1% of the company but controls 50% of the voting rights. they report half year results on friday so shares reacting very well to the story emerging they're up 4%. the activist, thurird point we don't know what they're looking to get out of that you are stake, what their size is, but we know they are going to have to contend with the chair who has 50% of the voting rights now investors have been frustrated with richemont's per

and so frankfurter is a true line. the other person i think we all forget is roosevelt elevated justice stone to be chief justice. he was a coolidge appointee to the court in the 1920s and roosevelt did that in the summer of 1941 as a bipartisan nonpolitical move. and that is a lost start. that was a great thing. >> he was a member of the liberal minority, though, wasn't he? >> yeah. he was not one of the four horsemen. >> right. >> and interesting, frankfurter actually opposed the court packing plan, right? >> in his private heart, he held it and did not do anything publicly. >> so we're going to go back in time in a minute and come up to present day. so i want to go back to talk about why the court has this power to determine what is a constitutional law and what is not. it really goes back to the deal, the founding days of the early 1800s with a rather extraordinary legal case of marchbury versus madison. and we'll start with you. we'll talk about this and why this lays the foundation that basically said, well, the

let's go to maria tadeo, live in frankfurt. maria: good morning.e are joined here by andrea enria, chairman, european central bank. you are doing a very good conference. before we get to that, many questions for you. when you look at the provision in europe as one of the key components, we head strong u.s. earnings. in europe there were some beats, but not wow. is it harder to do business in europe than the united states? andrea: i do not think so. we should be glad for the six quarter in a row we had profits that beat expectations, which is good. the banks were thinking they would have achieved the pre-pandemic levels in 2023. they sometimes argue these regulations and supervision constrained their profits. i do not think this is the case. we are applying the same style as the u.s. is doing. if anything, the implementation in europe has been softer than in the u.s. we are exchanging loans with u.s. colleagues frequently, and came to the share conclusion that supervisory requirements are in the same boat as well. the main driver of the profitabilit

las escenas de reencuentros emocionaron a muchos se fundieron en un abrazo cuando ella llegó de frankfurtr una la grande >> había una señora que se había vacunado pero la que tenía era cancino le dijeron que no era aceptada >> con esas medidas se espera un caos mayos en época decembrina >> tener la mayor parte de las casetas de inspección abiertas >> para que la llegada al país sea placentera noticias telemundo >> y en otras noticias la demanda contra el rapero por la estampida, 8 personas murieron esa noche de día viernes rogelio pudiste hablar con uno de los familiares buenas tardes >> así es escuchamos al padre que perdió a su hijo demanda a los organizadores del evento entre ellos al gigante del concierto además al rapero scott que sigue en polémica enorme después que el viernes pasado siguió dando su actuación a pesar que se vivía una emergencia grave debajo del escenario >> la música del mariachi hizo más conmovedor el momento fueron a rendir tributo a su hijo de 2 años >> todos pueden perder a un padre, a una madre, pero a un hijo no ,porque es el dolor más grande >> franco patiño

tom: i thought you did a great time in front of the ecb in frankfurt. jonathan: that was colder.: and the difference is in london the lunches an hour and a half in frankfurt the lunches three howard. jonathan: in london they make you stand outside. you hit report on the bank of england and people would throw stuff at you. good times. it is not that rough. emily rowland joins me in about 20 units from john hancock. why she thinks you're by should be towards america. from new york, this is bloomberg. ritika: speaker nancy pelosi is pushing the house towards a vote on president biden's economic agenda but a few key issues are still unresolved such as family leave, immigration, and rolling back limits to state and local tax deductions. the measure does not have the full support of senate democrats. the u.k. has rounded up about 20 nations to stop funding foreign fossil fuel products. the deal has a couple of key holdouts. the statement will be unveiled today at the u.n. climate toxin glasco -- climate talks in glasgow. macy's shareholders say the company's accelerate its digital tran

matt: i live in berlin and work in frankfurt.i am late and don't want to take a taxi, i will always jump on a scooter. it has been a game changer for me. as i walked in the door in new york and london i don't see them. what is going on there, because the are -- these are important cities. wayne: we are seeing more cities open up your new york city announced a pilot. the reason why cities are committed to this, you mentioned it is often the fastest way to move we see that in many cities. it is more often than not the most affordable way. we are dramatically more green. there is no greater crisis and challenge we face in the world as the climate crisis and the biggest source is from transportation. matt: i do want to bring up the actual pollution issue, because they are also, they clutter the sidewalks and they go from gorgeous green and white machines to something you don't necessarily want to look at very quickly. how do you deal with that sort of littering problem? wayne: we spend a lot of time focusing on parking solutions, cor

lagarde: i spent quite a few weeks stuck in my frankfurt department during the first wave of covid. the very sizable package we put together for monetary policy purposes was engineered around my kitchen table. subsequently, when things were more flexible and we could move out, i went to the office a bit. but the by default solution is remote working still today, and probably until the end of january, and then we will see. david: you should take that kitchen table and move it to your office. it was very productive, right? post-covid, do you expect europeans will go back to work at the same levels before in terms of going to work five days a week, or will people work four days a week, one day remotely, or just four days of work? ms. lagarde: first, we should acknowledge that there are people who do not have the luxury of choice. their physical presence is required. you think about hospital staff, construction workers, some people working in shops. they have to be on site and showing up. in offices, i think we are heading towards the hybrid movement where part of the week will be spent

slight dance in paris and frankfurt. a wall street close, trading higher on strong retail data. walmart and home depot among the retailers reporting strong sales. the holiday shopping season is off to a strongtart in the united states. retail sales saw the strongest monthly gains since march and more than most economists expected. data suggest demand does remain high despite strong inflation. many consumers have increased spending, brushing off concerns about the pandemic, higher prices, and supply chain disruptions. if those factors remain unchanged, retail sales could stagnate towards the end of the year. consumer spending makes up over 2/3 of u.s. gdp and is a crucial driver of the economy. restaurant and bar owners and workers went on strike this tuesday, calling for more aid from the government. they said their businesses were losing money because of covid restrictions, including the requirement to check customers' health passes. they are asking the government to support them with tax breaks and rent subsidies. some business associations say they support efforts to curb the

he was able to get the conferences going, as justice frankfurter said, under chief justice stone, we were never able to get out of conference. so just imagine, if you're in a meeting and you just can never leave because the boss never lets you go home. and the conferences were held on saturday. this is after, you know, the workweek. so you can imagine the effect this is having on morale. and fred vinson was interested in getting results. what's your vote, what's your reason for your vote, let's move on. next person. what's your vote, what's your reason. and be able to have some sort of discipline into the conference. >> to i don't want to shortchange tom clark and sherman metten, but we have a lot of audience questions and i've been moving slowly with followups here. i wonder if we can kind of lump the two of them together, because tom clark and sherman metten, here is where we really hit a tipping point with kind of public and political pressure on truman for cronyism, right? >> that's right. that's right. that's when it begins. it begins with tom clark, who at least had been attorn

we see congestion everywhere from shanghai to savannah to rotterdam to frankfurt.here are cargo pressures everywhere, congestion everywhere. for the most part, we are starting to see signs of improvement, even in the port of l.a., long beach. the pressures are beginning te's. the number of ships coming to the u.s. is beginning to dip lower. to answer your question, the pressure is easing a bit but it is still there. taylor: talk about the international pressure, particularly with this new variant. some international countries have a no covid policy. are you risking that the pressure intensifies if international ports shut down again? >> that is certainly a risk and it was a risk before the announcement of the neubert -- the new variant. that risk has only elevated. i think in the next coming months we will see. it is very early now to tell with the impacts may be, but certainly countries with a zero-tolerance policy carry the most risk. whereas countries like australia and singapore, which previously had been among the most strict, are beginning to ease restriction

frankfurters and all. now this.is behind the rising cost of turkey. she says it is not inflation. >> it is corporate greed. i give senator warren credit because she is true to her principles. how she feels about things. she wrote a letter to the department of justice antitrust division and is asking for a federal investigation of jps foods and sanderson. big turkey and chicken producers. for anticompetitive practices, dominates all competitors which she says has created lack of competition as poultry companies report record profits and handout executive pay raises. that is why your turkey costs more. corporate greed. ashley: the same statement, just change the industry she's talking about. >> never anything else but corporate greed. companies are expected to make a profit so they can employ workers and we can have a capitalist society but she keeps going against it time and time again. ashley: a system that has done well for the united states. we should also mention businesses still grappling with supply issues and

the company also trades on frankfurt, where shares were also down.n the wider markets, wall street gained some ground to start the week after u.s. market -- after the u.s. congress approved joe biden saver structure bill on friday. industrial stocks leading the way, with caterpillar of over 4%. european indexes with a lackluster monday session. investors on both sides of the atlantic going ahead some trepidation to new inflation figures due out of the u.s. this week as rising prices continue to weigh on consumer sentiments. the facebook whistleblower who leaked a trove of damaging documents from the world's top social network met with european lawmakers on monday. she urged eu parliamentarians to take bold action to regulate big tech. the documents she revealed showed algorithms that promoted misinformation, as well as the company's knowledge that its products can be harmful to the mental health, particularly of young users. the eu is preparing two sets of tech regulations, aimed at raining and the monopoly power of tech giants. the digital services

the german border with poland at frankfurt and the order. and they're a very discreet police presence in place because it's an open border. but even their german officials say that already over the course of the last 5 weeks, on average, every week, more than a 1000 people have come across and are in the process of claiming asylum. having got there through poland from yellow ross. so lots of minds are currently thinking through what might happen and they're concentrating on what is happening right now on that frontier between poland and belarus and dominic cane and berlin. thank you for joining us now from warsaw is void. check, shabby ski editor in chief of these gods, incisive political current affairs magazine. thanks for your time. as the situation at the border continues, how do you think poland is likely to respond? what sort of situation of position does this put poland in and is using it, mobilizing all the service men of the disposal that are necessary to contain the situation. the parliament has also adopted the bill to erect physi

i yesterday was at the border between poland and germany at frankfurt and an order that's an open border with a very discreet police presence. but even their german officials talking about the average over each week for the past 5 weeks coming into eastern germany from poland . more than a 1000 people all who want to claim asylum if possible, we don't know whether they go to get asylum or not. so to so problem here. the inner borders to the e wants to keep open the outer borders with the other us that it wants to keep very, very controlled. dominic, thank you very much. dominant came their report in life, was out of berlin. a fire to school in new jersey. second biggest city has killed at least 26 children aged between 3 and 8. it happened in marauding close the southern border with nigeria. 3 classrooms made of wood and straw, were destroyed. many schools, indonesia used those materials, making them a dangerous virus mourner to pay tribute to 18 miners killed when a gold mine collapse. denisia the gathered of the sites in the danny sir township of the 7 people were also injured on sunda

was resolved in 1940 3x5 entry for schneiderman to the other dismay of justice frankfurter. like his service to england survival like us circumnavigation of that the globe and like us 1943 blockbuster wilke subjected to spare for post-world war. the league of nations was the religion of my young life he has said many times. on april 8 the most influential look published in nine states during world war ii appeared. oneworld surpassed the sales of law books since 1,900,000,000 copies in seven weeks and wendell was to see his book the nurture the united united nations move it to ramification in san francisco a june of 1945. although willkie's enormous popularity or those party into formal abandonment in the isolationism it did not defeat the organizational and financial power of the gop led by pennsylvania's joseph view delaware's -- and edgar monsanto heaney all were alienated by a person hidden they thought never daughter spoken there -- made nervous by willkie's excessive liberalism and his 1944 national convention the party of lincoln would choose duly ended nor willkie pod

we have a show on in frankfurt at the moment with pictures from a retrospective.k. sorry, you wanted to what? to de—shock. what do you mean by...? to take the shock element out of it, to make it a normality that we can live with. not that anyone has to throw up their arms in fear and... just to get normal about things, yes. the germans would say, "why do you want to be provocative?" we never wanted to be provocative... because that would be very superficial. that'd be shallow. if you were just simply trying to evoke a shock... of course. ..that really wouldn't get us very far. we never, we never wanted to do that. we like to provoke thought, but not to be provocative — a very subtle difference. so, when you did that exhibition, which focused on your own faeces... we did two groups of pictures... ..what was the deeper meaning? we had enormous, enormous support for these pictures. and we still have. imean... there's nothing in our pictures which is not also in the holy bible. it's not so shocking. yes. let's call it normal. we know that we are... we have bum holes.

he is life for us in the frankfurt under odor that's at the german border with poland. a dominic, how significant is what's happening there to the you the significance of this particular story right now is twofold, because it representing the 2 border issues with which the e. u has to wrestle the 1st one. it's inner borders within member states. the 2nd one out, so borders between member states and non e u countries where i am right now. frankfort, and the order on the other side of the bridge hears the polish town of snobbish sir the order river forms the natural frontier. and as he can say, traffic coming and going across this border as it pleases, there is a very discreet police presence here. and they've told us that they stop only people whose behavior is such that warrants them being stopped for a control to be performed. but generally speaking, here, this is an example of an inner border which is wide open, which the e wants to keep that way, but that's totally different, juxtaposed that as it were with the outside porter. the one between poland and yellow are us

this insert -- to frankfurt. raising some alarms from the airline, saying this could impact some passenger and cargo flights too. haslinda: they are also moving their crew to another hotel in frankfurt. it will suspend layovers, and hong kong health authorities say there are other crewmembers currently overseas, they are telling them to isolate for 20 days wherever they are. another setback for the aviation industry. it also points to how difficult it is for this particular sector to move ahead. yvonne: yeah. you are seeing shares of cathay pacific down from 1% today. we did speak to winnie chu a few weeks ago, talking about the whole outlook for hospitality. they operate one of the biggest florentine hotels in hong kong. i asked her a strategy of pushing quickly into a quarantine hotel paid off. here is what she had to say. >> being a quarantine hotel is very much to support the immunity, but thankfully we have -- support the community, but thankfully we have been positive ebita. our numbers are not pre-pandemic

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maria tadeo on the ground in frankfurt.ing up a look at supply chains ahead of the busy holiday season in the u.s.. stay with us. this is bloomberg. ♪ tom: welcome back. i'm tom mackenzie in london. we are tracking the fallout of the global supply chain crunch and the world's largest, in terms of this story, largest farm equipment maker surging after it gave an outlook global supply chain delays and labor woes will not significantly dent profits. amazon is prepared to sacrifice profits this quarter for logistical workarounds to get products to consumers on time. the 4 billion-dollar effort involves dispatching half-empty drugs and bumping pay for seasonal workers. it is a chance to expand advantage over rivals. in china, the government's extreme covid zero policy is standing in the way of a full recovery for the shipping industry and could prolong the crisis. measures involve a seven-week quarantine for returning chinese seafarers. and a two week wait for incoming vessels that refreshed their crews. today is thanksgiving in

this headline is stunning, and it is a cultural headline which you reported on many times from frankfurt. 6% inflation in germany is not 6% inflation in america. jonathan: 50 basis points north of the median estimate going into an ecb meeting december 16. you've got the fed on the 15th, the ecb on the 16th. we are having a very different conversation. in the federal reserve, we are having a conversation about accelerating paring back asset purchases. at the ecb, we are having a conversation about how much flex ability gets taken from the emmert asked how much flexibility gets taken -- about how much flexibility gets taken from the bond buying program to the ecb. tom: kailey, you are in for the 5:00 a.m. show as well. what is the piece that gave you clarity? kailey: there's been a number of them. many of them, there haven't actually been that many changes in terms of what the implications are going to be of this variant because we just don't know yet. what does a day like friday even mean? was it really just a selloff based on covid-19, or as peter tchir has pointed out, was it something

explained it goes back to 1920 germany where a group of marxist philosophers got together called the frankfurtwhy the authoritarian right step around the world for economic depression as karl marx predicted. the class used other tools to keep the work faith, family and culture pre-the real revolution attacked those things to which is what were seen today with woke is in. but our friend argue this is more than ideology. one of the latest pieces why woke is him is a religion introducing that woke religion, he finds like religion woke is him is a series of supernatural beliefs, here to discuss the man himself author of the book up apocalypse never. michael shellenberger, we talked about this before give us some examples, in your view what you mean exactly by that? >> and apocalypse never i describe how the idea that the world is coming to an end is a religious idea. is not based on any climate science or a mechanism for it. were getting more food than ever in debt for national disaster started climbing, the idea of the world coming to an end that were facing a climate apocalypse is a religious id

christian: ecb president lagarde gave a speech at the european banking congress on friday here in frankfurt she argued we must not rush into premature tightening of monetary conditions. a warning against anybody speculating for fast rate hikes in europe, and that had a big impact on euro-dollar. you can see intraday, the dollar appreciated on the back of those comments. we have a fourth wave of the pandemic here, especially in germany and other german-speaking countries in europe. it is unclear at this point how much it will impact activity. we have a lockdown in austria. discussions about a lockdown in germany as well. if we were to get a lot done in germany, i would expect that to have a detrimental impact on activity and further delay any tightening of monetary conditions in europe. one important thing that comes up in december, the pandemic emergency purchase program of the ecb. many people have argued it should come to an end in march 22, but it is a pandemic program and if the pandemic lasts longer, chances are it will also last for larger -- longer than march. tom: that is an interes

b -- in frankfurt. bhanu baweja of ubs is still with us. would you chase euro-dollar down to $1.10?nu: no, i wouldn't. there is a big risk that you go through serious lockdowns across europe, and in that case, you will have euro going down. our base case, if we were to avoid that lockdown, i think the event we want to be looking for is a significant pickup in japanese industrial production and german industrial production, and across europe, please is that have really suffered from supply lockdowns, particularly of chips, so i think there could be a tactical rebound of the euro. i don't to get mix a lot of since chasing it lower. medium-term, there are big headwinds building for the euro, not least from ecb's communication challenge, which is going to be huge. inflation on the one side, btp spreads on the other side. there is some real serious medium-term challenges. but i think cyclically, i don't want to be selling the european -- the euro-dollar or european stocks. alix: there's clearly going to be a divergence. why do you not play that, or how do you play that? bhanu: do you kno

joining us from frankfurt is bjorn van roy, senior economist for bloomberg, how do you assess, what istake on the current situation of global supply constraint and how things will evolve as we head into 2022? >> yeah, first of all, thanks for having me. we have looked at the supply chain crisis from a global perspective. we have looked at different indicators and constructed competence supply stress indicators and we find that from a global perspective that we have -- we are now seeing levels of supply constraint that we haven't seen in 20 years. so from europe to china to -- over to the u.s. and u.k., all of these countries face very large supply constraints. a good thing we see now, in the last two month is that apparently for the u.s. the supply constraints are easing a little bit. for example, when we look at prices for manufacturing firms they have edged down from the summer. these are a first sign we may see a turn around in the supply chain crisis in particular in the u.s. we still see rising supply constraints, so this will not play in the hands of monetary policy while in the

jonathan: a message from frankfurt, germany, try harder. yields higher by a couple basis points on tens to 1.5768. the fx market, euro-dollar, 1.1572. prude come in the energy market -- crude, any energy market, 8397. lisa: not necessarily caving to president biden saying, please pump more oil and they are saying, no. that's the reason why we see oil prices climbing a bit which is in the that's interesting in light of cop 26 in glasgow where they are gathering and presenting lofty goals. will they get done with the g20 meeting? seems like not much, which is concerning to the people we've been speaking to. there needs to be more concrete action going forward. the idea of moving now is what can concretely be done for political officials and the private sector. around 9:00 a.m., we will hear president biden give his initiating statement as he takes the helm at a time his approval rating is pretty low, fallen to 42%. this is the lowest approval rating to this point in a presidency going back in history with the exception of former president tru

you referenced the frankfurt school. what strikes me as fascinating is these ideas which are pretty much relegated to the academy have finally over the decade trickled down into mainstream culture. in other words the idea that if i don't post a blm square on my social media the idea that somebody might look at me funny. in any other generation that would have struck people as fastest. the kind of thing the nazis did. if you don't sayhow loud enough for suspicious . that's the kind of thing most americans knew instinctively. they knew instinctively that was deeply un-american. what do you think has changed that many americans particularly younger americans don't seem to recognize that as a threat to americanself-government ? >> there's a lot of americans because they've grown up fat and happy with these rights in their back pocket failed to understand the importance of the rights that is why evil, young people are talking about whether they would complain to administration or perhaps a professor or fellow student that som

in frankfurt lagarde said she did not anticipate an increase in interest rates.area prices are rising the fastest pace since 2008. bitcoin has now fallen almost 20% from its record in two weeks. the largest cryptocurrency is hovering around $57,000. some analysts say a sharp pullback is normal after prices rose 40% in october. there is also a crypto crackdown in china and new u.s. reporting procedures have hurt. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am laura wright. this is bloomberg. ♪ >> what looks like a very interesting and somewhat exotic effort to literally mind new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations. lisa: that was hillary clinton throwing some shade on bitcoin, on crypto assets in general, adding fuel to a number of officials who come out saying what they think about this asset class. meanwhile you are seeing bitcoi

you will, but ugly, ugly whispering campaign around it from the bad side was the nomination of frankfurterjuly, 1939. frankly that whole nomination was roosevelt not giving a darn about antisemitism and perhaps flicking his chin a bit adolf hitler by putting america's leader's leader lawyer lawyer and prominent you on the supreme court. the senate >> the senatorial courtesy in those days was very strong, so when, if and when roosevelt nominated a center like you go black, that immediately sailed through because it senatorial courtesy. >> it seems highly unlikely but there is a sense that many people, like history buff like we are contentious nature of the supreme court's new, this is a new phenomenon. he used to be a would sit in their black robes and think that everything is fine. have you heard of brown versus board of education? i think it's an interesting thing to look at here because of the connection and has back to roosevelts court. there was perhaps no decision in american history that has more, maybe roe v. wade, maybe significance consequences on the way americans left. talk abou

yesterday, i was in frankfurt.h the vice president and asked her, your name has been thrown into this mix. are you potentially that an ex-president? and will anything fundamentally change at the bank? this is what she said. >> nobody knows how long the temporary effect will be and what is the long-term evolution of inflation. certainly there is higher upside risks and that's something monetary policy has to take care of every -- take care of. maria: and that was claudia, the vice president, german central-bank. she is talking about inflation there. but she also talked about when you look at the central bank, we will always stand for price stability, whether this is someone else, our goal is to maintain 2%. tom: maria tadeo, thank you. still with us is wei li. what are you and the team thinking? how are you thinking about the trajectory of inflation within the euro zone as we look ahead to 2022? wei: well, in the near-term, we do see a spurt of inflationary pressure having to do with supply chain bottlenecks, as wel

the east coast, not a lot of futures trading action as more people come in, whether it's london, frankfurt or new york, and we're seeing nasdaq futures up nicely up 102 points right now. we're going to tell you something that you already know. inflation is on the rise, costs for everything going up everywhere the official inflation data hitting a 30-year high in october. that's going to wipe out most of the wage gains as people use their extra pay to pay more for the stuff they buy, heat their home or fill their car with gas. with nasdaq, futures are up 102 points right now, we could see that pop just a reminder, an important one, it is veterans day, honoring the men and women who have served our counted. first off, thank you to all of them the bond markets today, they are closed so that could impact stock trading. two money movers to hit off the top of the show. disney, shares down, fourth quarter results disappointing. its streaming subscriber coming in light we get more on that in an analyst take in a moment >>> stock number two, tesla. what else, new disclosures out after yesterday sho

we're waiting on flights from brussels, frankfurt and london. flights are nearly full if not completely full, the end of a 600-day-long wait, not only for the individuals who have been separated by oceans in some of these cases because of the travel restrictions, but also for the travel industry. we saw these symbolic simultaneous takeoffs from london heath row today by virgin atlantic and british airways, both flights bound for jfk in new york, those routes were shuttered by the pandemic. united airlines tells us it expects about 30,000 international travelers to arrive in the u.s. today, a 50% increase over last monday. delta tells us it's in a 450% increase in international bookings, but ceo at bastian says the procedures might not be perfect right away. >> it's going to be a bit sloppy at first. i can assure you. there will be lines unfortunately. people will be hit with an onslaught of travel at once. i think november 8th, just like we saw this summer in the u.s. domestic system, but we'll get it sorted out but people really want to come he

you reference the frankfurt school. the ideas which are relegated to the academy have finally over the decades trickle down so to speak into mainstream culture. if i do not post the square on social media data 70 might look at me funny in any previous generation that would have immediately the kind of things the nazis it if you do notes say heil hitler loud enough you are suspicious. that kind of thing most americans knew instinctively. they knew instinctively that was deeply on american. what do you think hasn't played that many americans particularly young americans do not seem to understand that as a threat to american self-government? >> a lot of americans because they haveth grown up with these rights and their back pocket they fail to understand the importance of the right. young people on college campuses talk about whether they would complain to administration if a professor or fellow student said something offensive whether certain speakers should be barred from campus these are very basic first amendment notio

you referenced the frankfurt school. what strikes me as fascinating is these ideas which are pretty much relegated to the academy have finally over the decade trickled down into mainstream culture. in other words the idea that if i don't post a blm square on my social media the idea that somebody might look at me funny. in any other generation that would have struck people as fastest. the kind of thing the nazis did. if you don't sayhow loud enough for suspicious . that's the kind of thing most americans knew instinctively. they knew instinctively that was deeply un-american. what do you think has changed that many americans particularly younger americans don't seem to recognize that as a threat to americanself-government ? >> there's a lot of americans because they've grown up fat and happy with these rights in their back pocket failed to understand the importance of the rights that is why evil, young people are talking about whether they would complain to administration or perhaps a professor or fellow student that som

. >> that for sure, the reason goes back to this intellectual and the frankfurt school who suggested that in order to preserve democracy and decency liberalism you had have repressive tolerance with the problem is that tolerance allows that opinion to be tolerated and that opinion might win and so we really require is repressive powers which represses certain views in order to form a power. and he supposedly said that right wing views are intolerant and terrible therefore they need to be repressed so when you repress in your actually doing so on behalf of of tolerance and that's a twisting the language but it has become sort of the go to argument by so many people in society these days that ins orr to protect from the evil ideasng emily have to silence you. in order so their feelings are not hurt and we have to sound you in some way and is tied deeply to aam change notion of what identity amounts in the united states credit used to be that identity was sort of formed in coordination with the body of politics, formed to the coordination of the rules of society the way you civilize a c