gupta, few seconds left. should we start messaging, we need to learn how to live with covid instead of trying to defeat covid? >> absolutely. this emergence of more variants that are contagious, the vaccines hopefully protecting against it, and i'll also say, we really need the cdc yesterday to update the definition of what fully vaccinated is to three doses, this initial series being three doses if we want everybody to get it because it's really confusing to say fully vaccinated with two, but by the way, get that third shot. >> dr. crystal watson, hayes, dr. gupta, fascinating conversation, thank you for joining us. >>> pressure is on for congress to address the economic issues ahead of the midterm election, i talk with congresswoman susan wile when we come back. twitter's new ceo and how he's already making waves first week on the job. first richard louie with the headlines. >>> donald trump's new social media company said it entered into deals to raise $1 billion from a group of undisclosed investors, trum

vin gupta. but there is a bigger question here that i wanted to explore tonight. how do we make sense of all the news aboutal this variant witho actually being alarmist or perhaps worse, complacent? you know, for a case study on how not to handle the situation, let's take a look at how public health experts handled the early days of the pandemic in 2020, particularly around the area of masking. now, if you've got an anti-vaxx friend, which i'm sure some of you do, you've likely heard from them overhe the past two years, you know, from dr. fauci and others talking about, you know, masks and how they once said we didn'tid need to be wearing mas. now, at the time there were concerns about ppe shortages. and there not being enough ppe for firstg responders. but that's not what they said at first. in e-mails from 2020 fauci said masks were not likely to be effective and surgeon general jerome adams at the time said mats kz could increase the risk of catching covid. the guidance has been updated. it's

kriti gupta, think you so much -- rudy he go to, thank you so much -- kriti gupta, thank you so much. gives us the brief this morning. an open-ended question to you. what matters on this thursday? damian: i think all eyes are on the turkish lira, especially after erdogan replaced the minister of finance. he served under three prime ministers. he was replaced by a deputy finance minister who is close with erdogan's son-in-law, formerly the economics are, response for going through the fx reserves and spending about $28 billion of them to protect the lira. to me, it is looking forward to 2023 come over the smart money is betting on perhaps a regime change at the top. so that is what we are focused on here today. lisa: we have also been talking extensively about whether this is idiosyncratic, or rather this is someone that could become a little more systematic in terms of its connection to the broader market. how isolated is turkey as it sees its currency weaken to some of the weakest levels we have ever seen? damian: this is really isolated. if you look at the reserve positioning across

i'm ritika gupta.ongress has averted a government shutdown. the bill will pay for government operations through february 18. without the measure, the government would have been forced into partial shut down after midnight friday. it is a stunning reversal for didi. the company now has begun prep ration to delist shares in the u.s. and will start on a hong kong share sale. bloomberg reported last week that china is concerned a u.s. listing would lead to the leakage of sensitive data. european central bank president christine lagarde says an increase in interest rates next year is unlikely, but told reuters she won't hesitate to act on inflation if needed. the ecb plans to decide on the future of its stimulus measures on december 16. the omicron variant of the coronavirus is now the dominant strain in south africa. that is where it was first detected. south africa reported or than 11,000 covid cases thursday. omicron has been detected in more than two dozen places stretching from the u.s. to south korea.

i am ritika gupta.the way for the u.s. debt ceiling to be raised quickly would avert a government shutdown next week. in germany, the parliament has made it official. electing someone to be chancellor. he will replace angela merkel. they have sharply divert cash -- actively managing funds for the first time. they will exclude -- until now, they focused on environmental, social themes. billionaire money manager. he says the stimulus artificially propped up the economy and once the fed starts raising interest rates, it will slow down economic growth. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> it is getting to the point where they have to start to change their posture. they will raise multiple times, beginning sort of mid or earlier. the potential would be how much earlier that would happen. jonathan: the ceo of bank of america on higher interest rates. your equity ma

i'm ritika gupta. no sign that the pandemic is slowing. for the second day in a row, the coronavirus cases around the world went over one million. overall, they appear to be triggering a lower rate of hospitalizations. the resolution foundation think tank says wages will effectively stagnate in 2022 and inflation may hit 6%, the highest in three decades. in hong kong, the last pro-democracy news outlet has closed after police raided its newsroom. that after seven people were arrested for conspiring. bloomberg has learned -- are going to select software and hardware applications groups. former democratic senate majority leader harry reid has died. reid helped implement president obama's agenda by rounding up the votes to pass obamacare and other key bills. he also a sweeping change in procedures that cut off debate on most presidential nominees with a simple majority. later, republicans would use the same tactic to eliminate the super majority threshold for supreme court justices. harry reid was 82. glo

i ritika gupta. this is -- i'm ritika gupta.s is bloomberg. ♪ >> we see higher inflation for 2022, eight had a labor market, and most importantly, tightening from the fed and the forecast horizon as it stands for 2022 to 2024. jonathan: really interesting conversation with bill dudley, bloomberg opinion columnist and former new york fed president. tk back with us next week. your equity market down 13 on the s&p, -0.3%. into the bond market, yields lower to 1.499%. in euro-dollar, $1.1311, down about 0.25%. a stronger dollar in the mix through g10. we touched on the em story, but late yesterday, if you missed it, 150 basis point hike from brazil and flagging another 150 basis point hike in the not-too-distant future. february, they could be coming again. lisa: and they are hiking into recession, hiking into weakness, as they try to keep cash in their stores even as the federal reserve is prepared to hike rates and tighten some of the conditions, which is offering perhaps a bit of a competitive edge. jonathan: this as we look at d

vin gupta, critical care pulmonologist. what is mayor de blasio doing about the long testing lines and the delays in getting results back? >> reporter: yeah, andrea, we are seeing a lot of covid testing points throughout the city. and just a short time ago, we heard from the mayor himself, he acknowledged that they are having some issues getting these tests, but he said this week they are expanding testing sites. also providing more at-home tests, and he also said that they are sending out supervisors to private vendors to basically offer quality control. andrea, they could use all the help they can get here in new york city because many people we spoke with over the weekend saying that they're waiting hours in line just to get a test. take a listen to this. >> i'm the last patient as you can see. i think they have an overload. that's why they shut at 9:00 in the morning. >> you went to three different clinics in the past hour, and what did you see? >> about 30, 40 people standing in line in the cold, and i'm like no. so i

i'm ritika gupta.is a legal blow to a man who has spent almost a decade fighting attempts to remove him from britain. judges in the u.k. have granted a u.s. request to extradite wikileaks founder julian assange. the u.s. government has charged him with be in auch for -- with espionage for his role in leaking classified documents. the arrival of the omicron variant has triggered a global rush for booster shots. the u.s. has expanded access to teenagers. countries like the u.s. and south korea are slashing wait times for a third dose to three months. still, the world health organization has reservations. it says it is more important for those who have not been vaccinated to get their first dose. president biden has assured ukraine's president vallarta marilyn zelensky -- vladimir zelensky. president biden also told nato allies in eastern europe that he had not made any concessions during a video call with russian leader vladimir putin. the price of oil is headed for its biggest weekly gain in more than t

i am ritika gupta.ts highest level in more than a decade. consumer prices rose 5.1% in the last year. driven by gasoline and new cars. it might persuade the bank of england to raise rates. boris johnson had to rely on opposition votes to pass a key measure to stop the spread of the omicron variant. almost 100 members -- mandate. the u.s. house as voted to raise the nation's debt ceiling by $2 trillion. it averts a potential default. the senate passed a measure earlier and goes to president biden for his signature. the biden administration is considering whether to put sanctions on china's largest ship maker. the u.s. will reportedly place eight more chinese companies on the military-industrial complex blacklist. one of them is a drone maker. another chinese developer is scrambling to avoid a payment failure. asking holders to extend the due date by six months. trying to provide to a record number of people. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journ

i am ritika gupta. there is no sign the pandemic is slowing. the number of coronavirus cases went over one million. the omicron variant is triggering hospitalizations appeared according to a forecast, a squeeze thanks to rising energy bills. a foundation think tank said wages will stagnate in 2022 and inflation might hit 6%, the highest in three decades. china's economy expanded at a moderate pace at the end of the year. external demand is clouding china's outlook. apple is paying some engineers unusual bonuses of up to $180,000 to keep them from leaving. some employees in operations groups. former democratic senate majority leader harry reid has died. he helped implement president obama's agenda. he also engineered a change in senate procedures that cut off debate on most presidential nominees with a simple majority. harry reid was 82. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bl

ritika: with the first word news, i am ritika gupta. the company says initial data shows that a dose of the coronavirus vaccine neutralizes the omicron variant. pfizer and i intact are working -- beyond tech -- biontech are working on another vaccine. the new german chancellor will face a number of challenges including the standoff in ukraine. the two leaders from america and russia held a video call that lasted over two hours. vladimir putin made it clear that he will not tolerate the west deploying weapons in ukraine. pk told -- a record high amid growing optimism over new products. raising and outlook after a booming thanksgiving holiday. a revenue drop of up to 15% after previously estimating a 25% decline. it sees dividends returning in 2023. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am right could do is bloomberg. ♪ -- i am ritika gupta. this is bloomberg. ♪ >> the higher inflation from 2022, a higher labor market and more tighteni

i'm ritika gupta.he supreme court will hold a special session in just over two weeks to weigh challenges to faxing requirements for millions of workers. the court will hear arguments in the cases january 7, amid rising coronavirus cases, and it is an expert nearly fast timeline. the court is not scheduled to hear cases again until january 10. also officials say omicron could leave the population almost unprotected against covid infections. that is why they have hunted some people to offer forth -- offer fourth vaccine doses. the chinese city of xi'an has imposed a lockdown on its 13 million residents after testing identified 120 seven covid infections. residents have been told to stay in their homes and designate one person to go out every other day for necessities. it is china's biggest lockdown since the beginning of the pandemic and will on -- in wuhan. intel's continuing access to the chinese market is crucial to its growth as it struggles with increasing competition. global news 24 hours a day, on

i am ritika gupta. president biden and let them are prudent -- vladimir putin plan to talk. the u.s. president warned russian aggression would be met with unprecedented economic sanctions. british socialite ghislaine maxwell faces years in a prison that is likely to be harsher than where martha stewart did time. jeffrey epstein was convicted -- maxwell is not likely to be sent to a minimum security prison camp. another record number of cases worldwide. the third day in a row of more than one million infections. it is expected to drive records in the days to come. the u.s.'s costliest worship can finally deploy. the uss gerald r ford has what is needed. the carrier cost $13.3 billion. 18% this month after setting a record back in november. bitcoin has fallen for its average. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. ♪ >> they are looking for wins. they want people can be

i'm ritika gupta.he biden administration is ramping up plans to fight the covid-19 pandemic is the omicron variant continues to spread. bloomberg has learned the white house expects to deliver 4 million covid treatment by next month. they are awaiting the green light from the food and drug administration, and that authorization could come as soon as today. there are new concerns for anyone flying this holiday season. the top adviser to the world's airlines says line passengers are twice or even three times more likely to catch covid-19 during a flight since the emergence of the omicron variant. the international air transport association says this in this class may a safer and more densely packed economy cabins. -- says business class may be safer than more densely packed economy cabins. western governments have imposed restrictions on products from the region. the annual meeting of the world economic forum which was postponed to summer 2022 in davos, switzerland, consult with a panel of virologists ab

gupta, as always, thank you for being with us, dr. gupta, a critical care pulmonologist pulmonologist in seattle. coming, up hearing more about the president about his accomplishments. and he is looking to get as much accomplish as possible in his social spending plan. when the 11th hour continues. h hour continues highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam. zinc that cold! i've been telling everyone... it shortens colds! the secret to great teeth is having healthy gums. crest advanced gum restore. detoxifies below the gumline... and restores by helping heal gums in as little as 7 days. crest. the #1 toothpaste brand in america. how are you not able to close the deal? >> let's talk about what we have done. we have pass more major legislation than anybody in the first year ever. i have not given up on. this i haven't given up on it. >> the main sticking, point it would appear, is a child tax credit. are you willing to take that out, if it means bringing him on board? >> i want to get as much

gupta in the whole country. >> that's so interesting. >> there are many dr. guptas as it turns out.don't know if you realized, but life expectancy in the united states was already going down, in part because of these drug overdoses, and then the pandemic just worsened things a lot. two things that i really took away from it, one is this administration is very committed to harm reduction which is controversial, the idea of trying to make drug use safer. some people say it enables it, and the other thing is this idea that fentanyl, even though there's overdoses from cocaine and meth, fentanyl is far and away the biggest contributor. it's cut into everything, even in the non-opioid drugs. those are going to be two areas where they're spending the millions of dollars allocated towards addressing the overdose crisis. >> it's a national tragedy. thank you for shining a light on it. >>> minutes from now, president biden will leave the white house for missouri where he plans to go to sell his bipartisan infrastructure law. the "kansas city star" has a message for him. take a page from bob d

attorney general gupta: thank you, attorney general garland. the right to vote is foundational to our democracy and the justice department is charged with protecting that right. today we are filing suit against the state of texas based on our determination that texas' 2021 redistricting plans violate section ii of the voting rights act. the department reached that determination after a careful assessment of the facts and law. i want to thank the career staff of the civil rights voting section for their tremendous investigation. our complaint alleges that the redistricting plans approved by the legislature and signed into law by the governor will have denied black and latino voters an equal opportunity to participate in the voting process and to elect representatives of their choice. why violation of the voting rights act. our complaint alleges that several of those districts were drawn with discriminatory intent. texas' 2021 redistricting plans were enacted through a rushed process with minimal opportunity for public comment without any expert

this is bloomberg. -- i'm ritika gupta. bloomberg. ♪ >> the fed has tried to create an inflation cycle for 10 years. who's to say they are going to be able to keep it under control? this is an environment where i don't know if the fed is going to be able to quell market volatility. jonathan: savita subramanian with bank of america coming into the weekend last week. from new york city, good morning. tom keene, jonathan ferro, and kailey leinz. lisa back with us tomorrow. the s&p advancing 0.3%. yields higher up. the move in friday's session, down 10 friday, up this morning. in the fx market, muted price action. euro-dollar lower a little more than 0.1%. the correction lower off the all-time highs, something like three or 4% from the s&p. it has helped so much more difficult than that over the last couple of weeks. tom: this is really important. there has not been a correction, but if you take out the highflying stocks that have done so well over the last 12 and 18 months, there's a lot of this market that feels like a correc

gupta but the nfl is doing that.nas idea unvaccinated players will still get daily testing but vaccinated players in the nfl won't be tested. if we just don't know maybe it will just go away. that is not smart. right? >> we don't have enough tests for people. i can't get a test. i have to test myself before i visit a loved one. because testing is constrained, we have settings like nursing homes and schools. we should limit who has access to the tests. if you're on a medicare plan if you're disadvantaged, we should have strategy around here as we ramp up access to testing. i think we need to be strategic right now because we don't have enough tests. >> dr. gupta -- >> good point. it should be free. yeah. >> give us your final message because we're heading into a holiday -- we're heading into a holiday. what should vaccinated people be doing, dr. watts? what would you like us to do differently? is there something we can be doing differently? >> first and foremost, we need our community leaders to step up. we know there

i am ritika gupta. this is bloomberg. ♪ ♪ >> there is a bill that is 1.7 $5 trillion and i think that is dead. i think there is material likelihood, 70%, we get a package that looks more like $700 billion. something with less than $1 trillion handle is appropriate. jonathan: awesome to hear from henrietta of veda partners. here with kailey leinz and matt miller i am jonathan ferro. short of 4800 on the year and higher by almost 20 percentage points. on twitter somebody said, i was once the 99th caller and won the led zeppelin tickets? . did you ever win? matt: what? i think they were done touring by the time i was legally allowed to go to a concert. weren't they done touring in 1980 echo i think that was the end of it. jonathan: are you trying to illegally acquire tickets? is that what you were trying to do? matt: no. it just popped into my head because i was too young when they were touring -- this is a tangent you don't need to hear -- but when i was a junior in high school the local radio station sta

vin gupta, as well as nbc correspondent lindsey reiser. i saw an extremely long line this morning, testing site after testing site. it looks like the early days of the pandemic. what's happening in new york? >> it's shocking to see, katy. you mentioned in miami, car after car, as far as the eye can see. look at this, person after person on line on 57th street in midtown manhattan. as far as the eye can see. this is in midtown. people have been waiting in this line since before 6:00 a.m. not the people currently here, the line is 2, 2 1/2 hours long, but people were here well before the sun came up, before this place opened. if they're traveling internationally, they have to have proof of a negative covid test. some of them know somebody who tested positive so they want to test themselves. one of the people i talked to was symptomatic. the issues vary, but we talk about this still being an issue at this point in the pandemic, medical experts i talked to are wondering why we haven't learned from surge after surge. most of the people i talked

sanjay gupta, thank you.re from sanjay tonight in a special cnn global town hall along with dr. anthony fauci tonight at 9:00 eastern here on cnn. >>> president biden making big promises about holiday shopping but with americans get what they want? stay with us. if you wanna look fresh, fresh. you gotta eat fresh. eat fresh. that's why subway bought time in my shampoo ad. to talk about the new baja chicken & bacon. body, bounce, and baja. bounce. eat fresh. (music) at aetna we're kicking medicare into high gear with affordable benefits you want. like rewards for select healthy activities and a silversneakers fitness membership. medicare annual enrollment ends december 7th call today to learn more. ♪ ♪ you are my fire ♪ ♪ the one desire ♪ ♪ you are, you are, ♪ ♪ don't wanna hear you say... ♪ ♪ ♪ i want it that way ♪ this may look like a regular movie night. but if you're a kid with diabetes, it's more. it's the simple act of enjoying time with friends, knowing you understand your glucose levels. ♪ you booked a

i'm ritika gupta. this is bloomberg. ♪ >> this is the biology of coronavirus, and this is why, with the coronavirus group a that causes the common cold, you get a cold, you probably do not get it again that season, you might get it again next year for what it means is we will probably have to have more regular boosting to keep immunity up as long as this virus is still circulating. jonathan: dr. chris beyrer there. good morning. kailey leinz, matt miller, jonathan ferro. we advance one third of 1%. tom and lisa abramowicz will be back with us at some point. maybe they will wait until the new year. euro-dollar about 0.1% down. a brilliant just now to talk about the fortis ugo -- about the pharmaceutical companies, geoff meacham. i want to talk about mrna technology. it felt like a huge step forward 12 months ago. i wonder how things stack up 12 months later. geoff: that is a great question. mrna technology has shown durability of affect. the pfizer and moderna vaccines look like they do their job, limit

i am ritika gupta.orld health organization panel says it is best to get people does go doses of the same coronavirus vaccine. it -- vaccine combinations could help lowood middle income countries deal with shortages. the u.s. is reportedly ramping up the economic pressure on iran. the bided administration is tightening its economic sanctions at a time when diplomatic efforts to restore the 2015 nuclear deal with iran have been unsuccessful so far. china is taking its biggest steps to rein in the surging yuan. the people's bank of china is forcing banks to hold more currencies and reserve. in italy, the nation's antitrust regulators find amazon more than $1.2 million, fusing the company of harmful practices in the e-commerce market. the company has asked banded -- has expanded its shipping services in europe. in manhattan apartment rents rose the most on record. that is according to appraiser miller samuel. still the median rent is almost 4% below where it was two years ago. global news 24 hours a day, on

kriti gupta joining us.en has halted federal aid took hold -- to coal, oil, and gas projects overseas. they are subsidies the government gives to companies that invest in emerging markets overseas. you're looking at project loans, grants and guarantees. many countries have signed on to not help foster these kinds of projects overseas. the u.s. was behind that. it looks like the u.s. is signed on to that. halting coal, oil, gas. that wreps up the special it did -- that wraps up the special edition of the european close. guy, great to see one location. it was great to see you there. gotta love that. this is bloomberg. ♪ >> from the world of politics to the world of business, this is "balance of power" with david westin. david: bloomberg world headquarters toward television and radio and it's is worldwide, welcome to balance of power. cpi showed prices rising at the fastest pace since 1982. we turned to kriti gupta. the markets are not reacting the way i might have thought. kriti: they are not that scared but w

vin gupta. i want to start with you and with a new clip we're just getting in from an interview that dr. anthony fauci conducted for "nbc nightly news" tonight. listen to this -- >> if you're a family sitting around the table planning your holiday trip and you're watching this right now, what should you be rethinking, what would you advise people, not even in an official capacity, but simply good-old common sense? >> well, again, vaccination is going to make the difference, lester. if i have -- i'm a family member, i'm vaccinated, i'm boosted, my wife is vaccinated, she's boosted, my children are coming in by plane from all different parts of the country, they are vaccinated and boosted. so we can feel very comfortable in having our plans to be together as a family in our home with some friends who are also boostered and vaccinated. >> the first thing i take away from that interview which you could see more of on "nightly news" tonight is he keeps talking about booster shots, that booster shots

i am ritika gupta. bloomberg. ♪ >> if you're going to travel, think about shorter distances. think about getting tested the day of travel. travel is avoidable or someone in your party is unvaccinated, is elderly or immunocompromised -- kailey: johns hopkins associate professor of emergency medicine speaking with us earlier this week as we face of any questions about this pandemic. we have encouraging data when it comes to hospitalizations and boosters, but to have a booster you have to get vaccinated. that is a big gap in the pandemic era. let's bring in jodi getz, vice chair emory university department of epidemiology. as we talk about these different forces, what in your mind is most critical to focus on? jodi: getting everyone boosted, and if you've not gotten vaccinated we want everyone to get a vaccine and one in the mrna series. then if you've been vaccinated, six months after the vaccinated you want people to get boosted. we also layer a couple of things on that because omicron is so transmissibl

sanjay gupta, thank you as always.ening. drfrmt anthony fauci today issued a battle cry that speaks loudly to where we are right now against covid and how frustrating, confusing, and exhausting a place it can be. we can't give in, he said, as new york state reported its highest daily case count of the entire pandemic. he went on to say we will win this war, we have just got to hang in there. and if this is a war, there is no shortage of news tonight from the frontline. some of it hopeful, some deeply troubling, all important to bring you. belle we will joined by the director of the national institutes of health and ve

matt miller, kriti gupta, and dani burger in for jon, tom, and lisa.it is someone's birthday. matt: happy birthday, jon. dani: i just want markets to be calm because i would rather picking up a bottle of bubbly i will be drinking later, but there are some interesting moves shaping up today. volumes are very light. i would point out that in this u.s. futures session, we are seeing some underperformance from russell 2000 futures. when we see this, it is down 0.3%. some concern about the smaller cap, the more cyclical type stocks. of course, as the year ends, sometimes that is some windowdressing moves, but what does this mean as we head into 2022 about whether the big cap tech stocks and continue to succeed? s&p 500 and nasdaq futures up 0.1%. some more sanguine moves in the bond market space. we are seeing a little bit of buying. 10-year gilts, 30 you yields -- 30 year yields lower by one basis point. unfortunately, not ending the year on that nice round number, but still both the 10 year and 30 year yields hovering around their 50 day moving average. w

i'm ritika gupta.s bloomberg -- this is bloomberg. ♪ ♪ >> inflation, supply chain issues, and the fuel price crises are clearly the main drivers of risk in markets, and the point i want to make there is they are also huge problems for incumbent governments that are going to cause a range of attempted policy responses and maybe even poor policy responses. jonathan: looking ahead to 2022 with tina for them the head of global policy strategy at a longhurst -- with tina fordham, head of goebel policy strategy at -- of global policy strategy at avonhurst. as far as the diary is concerned in washington, d.c., the time, 3:30 eastern time is when a call will take place between the president of russia and the president of the united states. joining us as greg valliere, chief u.s. policy strategist at agf investments. your outlook for geopolitics, and the united states and the communist party. greg: i do think this is a big wild for next year. i think for the time being, vladimir putin has to worry about a guerr

i am ritika gupta. this is bloomberg. ♪ pres.en: we are now able to purchase 500 at home rapid tests to be sent to the american people for free and we will continue to use mass production act to get as many tests as possible. starting in two weeks, private insurance will reimburse you for the cost of at-home test but we have to do more, we have to do better. and we will. jon: the president of the united states there. good morning with kailey leinz and matt miller, i'm jonathan ferro. your equity market positive 12 to 13 points on the s&p 500, advancing .25%. all-time high on the close yesterday, number 69, approaching 70 later. in the bond market, 148.07. shout out to the analysts who have been made to work this week. maybe a suggestion for the kids at goldman the next time they at that deck together, add in a slide closer to markets the week after christmas. they might get what they want next year too. kailey: they got what they wanted this year to a large extent. notches goldman, you see thanks upping the starting salaries. gol

this is bloomberg. ♪ ritika: i'm ritika gupta. looking at a live shot of the principal room. this is bloomberg. ♪ alix: let's check in -- ritika: let's check in on the first word news. president biden's administration seeking a commitment from the incoming german government. the president is holding a high-stakes video call with vladimir putin today. a white house commission has come out in favor of making changes to the supreme court. among them, they continue of livestreaming of argument and advisory ethics panel. looking at expanding the number of justices. there will now be a four and a half day workweek. friday will be a half day in the uae. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2,700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. alix: thanks so much. let's get back to the breaking news. we had president putin and president biden starting the call at 10:07. one headline that came out of it is the u.s. will potentially sort of veto nord stream

i'm ritika gupta. this is bloomberg. ♪ >> people end up moving forward whatever purchase they are like the to do for the year, at least on discretionary items, because they do not have to wait only for the items that cost more. when it comes to staple-type items, they are resigned to the fact their favorite brand of cereal will cost more. jonathan: great to hear from sam stovall there. all-time high on the s&p 500 coming into this week. kailey, a little bit of news out of didi. kailey: this is a company that became public in the u.s. six months ago in june. the lockup expires today. the headline just crossing that didi has blocked employees from selling shares indefinitely. for early investors in didi, this would have been the first day they could sell shares, but employees will apparently not be able to do so. if you would be selling, you would be selling at a big loss. this company has lost more than 40 billions -- $40 billion in value since its debut here. jonathan: this could have been one of the s

gupta, i know it's super late there.ur county, i'm going to show my viewers what i look at. i'm holding up the king county website. people not vaccinated are seven times more likely to test positive, 30 times more hospitalized king county does a great job dr. gupta you're doing a great job, thank you very much for bringing that to us as well. chgerit tedwe ack on "worlid exan" ghafr this >>> time now for your morning rbi. today's most random thing is on something you don't find random at all, and that's gasoline prices, because there is some good news to report. mostly according to gas buddy, gasoline prices are starting to come down just a little bit, and more than just a bit in some places. in the gulf coast, texas, louisiana, the average is back to below $3 a gallon for regular unled. other regions are in the low $3 range as well. overall, nationwide prices are down about 12 cents per gallon, which may not sound a lot but he says it saves americans $48 million per day in gasoline costs. nearly 50 million bucks a day,

vin gupta, last word will go to you. here is the question. what does europe seem to know that we don't? i am seeing all kinds of graduated shutdowns going on. a friend of mine this week called the travel agent, the travel agent said, do not make plans to leave the united states unless you must for business. i can't guarantee i'll get you out of whatever country you're going to, or get you back in here. depending on what omicron does. >> brian, i think it's risk tolerant. we have accepted that without the threat of shutdowns, or measures like 2020, we are going to lose about 22,000 americans week by week, until march. europe has made a different calculation. shutdowns, for example, are going to mitigate their additional loss of life. it's a simple as that. i will quickly say, since i know we're limited on time here. for all your viewers, i get this question often, i am immunocompromised, i am vaccinated, but i still feel like the vaccines may not have been fully effective within me. now, today, the fda, there was much pressed on this actually

i am ritika gupta.his is bloomberg. ♪ pres. biden: the meeting with putin, i was very straightforward. there were no minced words. it was polite but i made it clear. if in fact he invades ukraine, there will be severe consequences. jon: the president of the united states on russia and the russian leader vladimir putin. from new york city, good morning. equity futures down 19 on the s&p. we declined by .4%, pulling back from close to all-time highs on the s&p 500, a three-day winning streak finally on the s&p, the first time in about a month. in the bond market, yields in to 1.4939. focus on the front and as we debate rate hikes. morgan stanley joins the club. we revise our fedco and expect the fomc to raise rates to september 2020 to two quarters earlier than our prior forecast. in 20 23, they expect another three times. they look for three hikes next year and three in 2023. lisa: the pressure is on fed chair jay powell next week. how much does he edify the ideas getting confirmed to markets that they w

vin gupta. "the 11th hour" is just getting warmed up on this thursday night. " is just getting warmed up on this thursday night. financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. so you can enjoy more of...this. ♪ ♪ ♪ hey google. ♪ ♪ ♪ ♪ ♪ ♪ i thought i was managing my moderate to severe crohn's disease. then i realized something was missing... ...me. my symptoms were keeping me from being there for her. so, i talked to my doctor and learned humira is the #1 prescribed biologic for people with crohn's disease. humira helps people achieve remission that can last. and the majority of people on humira saw significant symptom relief in as little as 4 weeks. humira can lower your ability to fight infections. serious and sometimes fatal infections, including tuberculosis, and cancers, including lymphoma, have happened, as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failu

gupta. you did not.in prison, that's eight years lost with your family, your friends, why? why didn't you take the plea deal and do you regret that now? >> because i couldn't live with myself if i falsely implicated somebody else. i know it's the american system and the way is to plead guilty and not cooperate, but i wanted to go to trial, because i was not going to be going to plead guilty for something i didn't do , and at this point, i want to give a shout out to my lawyer, john dowd who stood with me strong and said let's, this is just not correct, because we had all the documents -- liz: it's your right. >> it's my right and unfortunately, only about 2% of the people actually exercised their right because one, it's very costly and number two, you need to have the mental fortitude, the emotional damage that it does to your family and yourself and your friends is tremendous, and this is why i feel for the defendants that recently, i think one you talked about, criticized the prosecutor s but didn't sa

vin gupta. he is a physician in seattle. i have to tell you, i was reading through your notes. which is when you said, for the unvaccinated, this new variant will suck. elaborate. >> good evening. stephanie, if we can, i think your team actually has a diagram of a long. okay. there's the upper respiratory tract, and a lower respiratory tract. let's talk about if you are fully vaccinated, for the definition today, for that schematic there. your nose has some antibodies in it. in the lining of the nostrils. of your throat. leading down to the lungs, there is a lot more antibodies. there is something called t cells. there is a lot more immune fighting cells that protect against infection. but we are noticing with people who have two doses of the vaccine. yes, they might test positive. our defenses in the nose are not as strong and robust as they are in the long's. you might test positive, you might have a sore throat. by the time that virus travels down to the long's, in terms of creating infection and pneumonia there is just s

sanjay gupta. thanks for joining us. always a treat to have you in studio. conversation with cdc director dr. rochelle walensky. you asked her if she was worried omicron could become the dominant strain here in the u.s. here's what she said. >> it might. we don't yet know. what we do know is that early data and even mutation data are telling us that this may well be a more transmissible variant than delta. and so this is going to take some time to sort out. we are prepared, though. we are doing genomic sequencing in all these states. >> what did you make of that? >> we are doing a lot more genoming sequencing but most of these variants are typically found in other places first. a large part of that is we're still not doing enough overall testing. pcr tests. >> in the united states. >> in the united states. a million to a million and a half a day. at one point we were talking about 20 or 30 million a day. maybe we'll get to that point. dr. fauci thinks we will. if you look at what's happened in south africa specifically, this tells the tale because you look a

sanjay gupta. right now only about a quarter of the fully vaccinated population has received a booster shot. and no state can claim more than half of its vaccinated population has gotten the booster. are we in trouble as we head into the holidays? >> well, we know how to handle this, jake, with what we've learned over the last two years. the largest problem is still the unvaccinated in terms of potential trouble. in terms of severe illness and in terms of hospitals potentially becoming overwhelmed. if you look at boosters, it's interesting and look at the willingness to get boosters. around a quarter of people have received their boosters. what we've seen with omicron, though, is there's definitely been a shift in terms of willingness to get it. you can see definitely will. 37%. a lot of reports of being challenging to get boosters right now because there's a lot of people wanting them at the same time. it's only about 18% of the bottom of that that says probably will not or definitely will not. so

vin gupta especially relating to the new omi omi omicron variant. s&p and nasdaq posting the best day since march ev names swept up in the rally karen research out with the top themes to watch for in 2022. joining us is bill bird, head of thematic content of cowan. thank you for joining us. >> thank you for having me. >> firstly tell us what the thematic content guides you guys on in particular is this a headline top down way to try to guide you towards stocks and sectors >> no. just for context the themes 2022 which we published this week is handbook of growth opportunities for the year ahead and what we run through are the 14 disruptive theeps in the report which are important because they have the potential to reorient industries in terms of process it is a bottom up process to leverage the collective insights of analysts, 60 of them and researchers atry to identify the areas of the market that offer the most attractive risk adjusted growth and the raw materials is the ahead of the curve series where the thematic work is expressed throughout the

gupta, what worries me is it doesn't matter if you don't believe that covid is real.ring that the omicron variant is not responsive to monoclonal antibodies so when people like the attorney general in florida say don't worry, we'll treat you with monoclonal antibodies, they may not work at this point. this thing is surging so fast we may not be able to treat it with magical cures. the question for you for those of us that believe covid is real and people die, we have a heart and don't want people to die and don't want nurses and doctors to be over worked and lives destroyed by seeing people die. give us advice. what do we do at this point? are we all going to get covid? are these anti-vaxxers going to make us get it? >> let's start there. i want to get to the monoclonal piece to be concise. to this issue of hesitancy and frankly, the fact that some people said they will never get et whether political or not. this is what clarity and resetting expectations is vital. i'm hearing across the spectrum the emerging of omicron saying we need a third shot and the breakthrough

sanjay gupta joins me now.lore this particular use? >> well, you know, what happens when you report on something like this for a decade, you're talking to researchers and scientists and families all the time. one thing that happened when cannabis became permitted for treating seizure disorders, what you found is a lot of those children had signs of autism. and these researchers were coming saying autism symptoms were improving if not going away in a lot of these children as well. so they started doing research, and it's interesting because you follow these trials over time, you start to see some of this data. people often think of these things as more anecdotal. we tell the story of a particular girl here, but she's embl emblematic, kara is, of so many others. >> how much data is there showing this effect is broad? >> as has often happened in the world of cannabis research, the early data often comes from overseas and oftentimes israel. so sometimes -- so we've seen data from israel for several years. they've b

i'm ritika gupta..s. top medical provisos warned not to get complacent. anthony fauci said the cases could overwhelm hospitals despite symptoms being less severe. an increase in coronavirus cases in the u.s. led to shortages of airline crews on one of the busiest travel periods of the year. 2800 flight cancellations over the christmas weekend. knighted, delta, and jetblue canceled 12% of flights. -- united, delta, and jetblue canceled 12% of flights. online shopping jumped. sales were up 21%. justin trudeau says china has been playing the nations against each other. he told global news that democracies should present a united front. canada joined the u.s. and other western allies in a diplomatic boycott of the beijing olympics. a south at three and -- a self african -- died he won the nobel peace prize in 1984. desmond tutu was 90. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloombe

i am ritika gupta. this is bloomberg. guy: thank you.k about a new product from forbes and the impact it is going to have. ford pro is a new commercial arm of the motor giant. we just got news around it. a new service tool built with salesforce. it is basically a cloud-based platform to send invoices, maximize productivity. it is a crm platform with other things. the hope is people like electricians will take advantage of it. ted cannis is ford pro's ceo. he joins us now. great to see you. can you talk me through what this is? it looks to me at first glance ford has the plumbers, the electricians. they drive your vans. it has the crm platform. you are putting these things together. is that the right way of thinking about it? ted: it is. these small businesses are underserved. as a crm leader in the space, it is for these customers. only 10% of these customers think they have the right productivity software solution today because they are all designed for enterprise solutions. we think this is an underserved market. they are about $3 bill

i'm ritika gupta.his is bloomberg. ♪ >> i think the october cpi was a with up call that this inflation environment is going to be somewhat longer-lasting than anticipated, and i think more importantly than just the duration, it is the magnitude. wheeler looking -- we are looking at 7% cpi coming q1, and we have seen the fed realize that in order for inflation expectations to remain close to 2%, that they do have to make adjustments, and i think we will see that very soon. jonathan: sarah house of wells fargo setting us up for 7% cpi in america, q1 of next year. she's looking physics .9% this friday. your estimate nudges up to 6.8%. we are days away from that inflation report in america. from new york city this morning, good morning. alongside tom keene, i'm jonathan ferro, together with kailey leinz. yields higher by four or five basis points on tens to 1.3 9%. it bit of news out of new york city. kailey: mayor bill de blasio talking about the vaccination requirement, saying it is now required for kids

i am ritika gupta. this is bloomberg.hanks so much will stop i feel like we have seen that movie before. all of this power spike across the u.s. and europe has to do with the energy transition, as we move from hydrocarbon into things like wind and solar, what becomes increasingly clear is we need batteries. we need a way to store the alternative energy in order to keep it on its lows. one company involved in all of this is british bulls come on track to deliver the uk's first full-scale gige plant. british volt manages to create -- we want to talk to the british volt ceo and founder. thank you for joining us. i love to get the state of play. where are you in the buildout? how has it been going, you've been hit by omicron, there are power problems, how does that feed into your buildout? >> thank you for having me. it is going well. we are a composition that has managed to get planning permits in record time in the northeast of england. it is one of the few propositions in europe right now that has planning permits and is s

i am right at the group debt -- i am ritika gupta.omberg. ♪ this is bloomberg. ♪ >> i think we have to start to think about, what are our goals with this pandemic? what are our goals with covid-19? our goal is to decouple cases from hospitalizations. when you look at cases occurring in vaccinated individuals and boosted individuals, they are mild. they usually don't even require a call to the doctor. that is the good thing. that is the victory. kailey: what is our goal in this pandemic, and what is the appropriate response to that goal? that is dr. amesh adalja, from johns hopkins university. in germany, they have been a bit more restrictive, but the health minister saying it is inevitable that the omicron variant will spread there, too. anna: yes, you see them trying to put barriers between the u.k. and their borders, because they did not want the omicron variant -- well, they don't want it at all, but if anything, they would like to delay its arrival. you saw tough policies taking place to fight the delta wave, even before we were s