janet: that is a good question. output gaps are unreliable and unstable at the best of times, and particularly if you emerge from a global pandemic when we really have very little idea in real time what the lasting supply damage or indeed the potential demand side of the economy is going to look like. in broad terms, we know that the u.s. has a shallower recession then europe, and by most forecasts come the u.s. growth rate will rebound more strongly than in europe. so in general terms, the scale of the stimulus will be more supportive of u.s. growth than a smaller fiscal stimulus is going to be against the backdrop of a bigger drop in demand in europe. so i think without a doubt, the recovery back to prepend them at levels will be a lot quicker in the u.s. then it will in the euro zone, but by the same token, you could compare this fiscal stimulus to any fiscal stimulus. it is still filling a whole to some degree rather than just adding to an underlying level of gdp, like for instance, back in 2018. so there will b

this is bloomberg. ♪ francine: janet yellen says the u.s.timulus to get the economy back on track quickly. larry summers publicly disagrees. a new astrazeneca vaccine is being developed, this after early data suggests the product has limited efficacy against the south african covid variant. and ecb president christine lagarde hints at a soft exit from stimulus once a recovery takes hold. good morning and welcome to "bloomberg surveillance." i'm francine lacqua in london, tom keene in new york. come -- tom, are you ok? are you thinking about the reflation trade and how you can trade it in the second week in february? there is a lot going on? we look at covid-19, vaccines, astrazeneca, and what janet yellen said about the labor market. tom: i am trying to figure out who choreographed the weekend at the super bowl. i thought the choreography was just stunning, a triumph. we are getting over the super

janet yellen pushes a robust stimulus package. global infection slow but joe biden says don't expect. immunity before the end of the summer. christine lagarde suggests a soft exit from stimulus once recovery takes hold. >> good morning. let's check in on the markets. a few minutes ago we did see brent go through $60 per barrel. right now, $58. equities globally, we are seeing this risk on momentum. a fifth day of gains on wall street. s&p 500 index futures up 0.4%. who was the fact that it was the bad news about the jobs number giving this fresh impetus to the invited administration to push through this stimulus plan. 10 year yield, ever so closely inching toward 1.2 percent, a level that we have not seen since february, before the march meltdown. reflation flavor is back in play. manus: the breakevens are breaking aggressively higher, the highest since 2014. it is between larry summers, who one would say is probably more on the left, and janet yellen. janet yellen saying we are in a deep hole, you need to do more, and you need to

ilia: gracias, janet.erÁn a las aulas en dos semanas. el alcalde de blasio publicÓ hoy el plan de reapertura de esas escuelas que Él habÍa cerrado en noviembre, cuando estaba nominando los contagios. las autoridades escolares dijeron que las escuelas han tomado las medidas para proteger a maestros y alumnos. estados unidos estÁ dando un nuevo paso en la campaÑa nacional de vacunaciÓn. algunas de las primeras farmacias recibirÁn cientos de miles de vacunas. solo se podrÁn vacunar quienes son aptos para hacerlo en la primera fase. vilma: esta semana, la distribuciÓn de vacunas contra el covid—19 se ampliÓ a 6500 farmacias del paÍs, donde se enviaron 1 millÓn de dosis para ser aplicadas. conseguir una de estas vacunas no serÁ tan fÁcil, uno cuando una persona entra a su formaciÓn cercana y dice que quiere vacunarse contra la influenza. en este caso, las personas primero deben ver si son elegibles para recibir la vacuna. >> estÁ indicado por el gobierno federal y por el cdc quiÉnes son las personas que van a r

it's important, janet... i think these are not simply rational decisions.emotion and misinformation that informs these kind of decisions. i think the irony of seeing borisjohnson sneaking into scotland, he didn't reveal his agenda in advance, travel plans, he didn't want protesters, he essentially went to scotland to avoid meeting scottish people and for some photo ops. for him to be actually using that as an opportunity to sneak in the message of a united kingdom against scottish secession is the ultimate irony, for a man who was actually elected on a platform of home rule and bringing back control. that's not lost on the scottish people. i think that candidly nicola sturgeon's greatest ally in scottish independence is borisjohnson, he simply has no credibility on this issue and, while it is true the vaccination programme is something to be proud of in this country, despite some problems, it really is astonishing, that alone is not going to keep scotland in the union. janet, can i pick up on this question of what the prime minister has to do? he styled him

we will keep up-to-date on everything janet yellen does. we want to mention that democrats are seeking to -- under both for the impeachment trial, which is supposed to take place next week. next, the ceo of kismet acquisition. ivanh■Ñsrú ■nga■■ vonnie: this is "bloomberg markets." nexters is going public with kismet at $1.9 million. joining us is the ceo of kismet, as well as bloomberg's ed hammond. ed: it is great to have you. thank you for talking to us about this. obviously, you have nexters to launch with two more in the pipe. tell us why this company. ivan: thank you for having me. the reason why we not only found but are bringing nexters to the market is because it's a truly global company in a truly global industry. gaming is the business without borders, so gaming studios from russia making games for europe and the u.s., it's a no border business. nexters is a top five independent european mobile gaming business with the hero wars franchise. vonnie: the multiplayer battle game that takes place in dominion. nexters is based in cyprus

like hoping that janet yellen can do something so in public policy terms the best reason to focus on big coins rises what it tells us about the risks that may be bubbling up amid the federal reserve's commitment to 0 interest rates the justified purpose of that policy and acted due to the coded $1000.00 outbreak was to counteract economic collapse by encouraging investors to risk their money on job creating activity. rather than park it in government bonds given limited opportunities for productive investment though many have chased yield through speculative vehicles because very much included of course there's been no investment in jobs for decades that's an absurd thing like that you anybody in the elites can sit there and think well if it only cut interest rates and will have more jobs people produce more and you know invest more in the economy and like when have they ever done that in the last 2530 years they haven't nodded off and this idea that 0 rates appear to fight the cove it is also fallacious this ill rates have been in play for more than 20 years the greenspan put which

along the same lines as janet jackson.she got the brunt of all of the backlash. after the super bowl, both justin and janet were supposed to perform at the grammy awards, but after the incident they were both cancelled from performing. however, justin went and cried to the head of cbs, according to reports, and he got his spot back on the show, but janet was still not allowed to perform. thatjust goes to show you exactly whatjustin timberlake says in his statement earlier today — that the system is set however, justin went and cried to the head of cbs, according to reports, and he got his spot back on the show, but janet was still not allowed to perform. thatjust goes to show you exactly whatjustin timberlake says in his statement earlier today — that the system is set up so that white men succeed and that women, and especially people of colour, don't get afforded the same privileges or passes as, you know, their white male counterparts do. perez hilton, can i ask about your role in all of this, because this was a time whe

hey, janet jackson, marcus is waiting for your call.t in the universe this morning. as we take a look at our weather, taking a live look outside in san jose and it's a clear start with some mild temperatures make plans to get outside today. i know we're back to school today. back to home schooling. and let the kids go out and run around in the backyard, get out some of that energy as we check out campbell's forecast. we'll start out with jacket weather with some 50s, but then later today, once all of that home schooling is over with, it's going to be amazing out there as our temperatures continue to warm up into the upper 60s, eventually reaching 70 degrees. a high of 70 degrees in san jose, palo alto, 70 today in martinas and our north bay high as reaching as warm as 73 degrees. we have this large area of high pressure that's warming up our temperatures, but it's also going to keep that rain away. even as some cooler air starts to roll down heading into the middle of the week into the weekend, still no chance of showers here. we know w

janet expects full employment in america in 2022.oking at basically 2022, 2023 as back to normal for the western world? >> i think we have to think about it differently. one of the silver linings seems to be indications from the south african study is again severe cases, the vaccines might still work. the short-term focus on what we should be looking at is, can we drive down hospitalizations with really high rates in many places? the moment you have sufficient vaccinations to reduce that and reduce the burden on hospital systems, then you can achieve some kind of normality. but when we get back to a place called herd immunity, where very little of the virus is spreading around, that is very far away. if you look at the numbers, are we reducing vaccination efficacy to maybe 60-50%? and even if you are vaccinating 75%, you only have 35 immunized. it's not realistic to think we are completely back to normal, maybe not even in 2022. but i think reducing the burden on hospital systems would make a huge difference. anna: absolutely. that s

treasury treasury secretary janet yellen on protecting investors.ad of her meeting with ftc regulators to discuss events surrounding gamestop. dani burger, yellen says markets are resilient. could we see a lasting impact on markets over the past two weeks? dani: even if there is not this huge contagion effect or if the market was not resilient as janet yellen says it is, one of the lasting things we will see is the staying power that retail investors have. even when robinhood was limiting how many people could trade or rather how many shares they could buy, we still saw more and more people downloading robinhood, trading on them. i should say it is not even just in the u.s. the number of u.k. investors who were downloading and spending money on these retail brokerage accounts -- that has equally skyrocketed, especially among the age group, the white line, the 18 to 29-year-olds. what impact does that have on the market? that is more of a tricky one to dissect. one thing that has been extremely clhis is having an impact on the options market. a volum

janet yellen predicts the u.s. can return to full employment next year, only if it enacts a strong coronavirus to mills package like the one proposed by president biden. janet yellen said the job market is in a deep hole. republicans have complained the president's plan is to expensive. president biden promises a different relationship with xi jinping then donald trump had. the president told cbs news there'll be competition but not conflict. he said there is no reason why he has not spoken with president xi yet. vaccine developers are working on a new shop to fight the south african strain of the coronavirus. early data suggesting the current vaccine from astrazeneca has limited impact on the disease caused by the variant. the new shot should be ready by autumn. former u.s. secretary of state george schulz has died. he led cold war diplomacy under ronald reagan and frequently clashed with more ideological members of the administration. before that he was labor secretary and treasury secretary under richard nixon.

along the same lines as janet jackson.e brunt of all of the backlash. after the super bowl, both justin and janet were supposed to perform at the grammy awards, but after the incident, they were both cancelled from performing. however, justin went and cried to the head of cbs, according to reports, and he got his spot back on the show but janet was still not allowed to perform. thatjust goes to show you exactly whatjustin timberlake says in his statement earlier today — that the system is set up so that white men succeed and that women, and especially people of colour, don't get afforded the same privileges or passes as, you know, their white male counterparts do. perez hilton, can i ask about your role in all of this, because this was a time when britney spears, of course, was huge news and you as a celebrity journalist at the time were accused of going too far and essentially bullying behaviour in your coverage of her. were you part of the problem? absolutely. and i have apologised to britney, publicly throughout the yea

treasury secretary janet yellen says the u.s. can return to full employment with a robust enough stimulus package. she spoke yesterday to cbs. ms. yellen: this package is going to speed recovery and analysis by moody's and economists at the brookings institution show that very clearly we will get people back to work much sooner with this package, and that is really critically important. there is absolutely no reason why we should suffer through a long, slow recovery. francine: former treasures herrick -- former treasury secretary larry summers questioned yellen, questioning the size of the package. there is a chance that my current economic stimulus close to world war ii levels and normal recession levels will set off reflationary pressures of a kind we may not have seen in a generation. he can used by saying that she continues by saying i worried that containing an inflationary outbreak without triggering a recession may be even more difficult now than in the cast. kit juckes, let's start off with the basics. will the fed rather

that's janet on a facetime call with ucla gymnast frazier. her routine set to janet jackson's hit. her to learn new gymnastic moves herself. yes, the call made frazier teary eyed as you saw in the video. she said that jackson's words meant everything to her. beautiful. paying tribute -- >> that is cool. >> beautiful. >> can you imagine you got your phone and you're trying to be cool talking to janet jackson but then you want somebody to record you talking to janet jackson? >> yeah. uh-huh. whatever you say, janet. whatever you say. >> are you getting this? >> right. it is 6:52. what has she done for us lately a lot. meteorologist kari hall always giving us the forecast that we need. >> good morning. yes, we're waking up and blasting the music in the car as we are going to have a beautiful day. here is a look at our sunrise over the tri-valley and our morning start with the commutes. that has some cold temperatures for at least the first part of the day. but look how fast we warm up. and it's going to be so comfortable later today. as it makes it warmer than yesterday as we reach up

her routine set to janet jackson's hit. jackson said it inspired her to learn some gymnastic moves herself. yes, the call made frazier teary eyed. she said that jackson's words meant everything to her. so understandable. so talented. both ladies are. >> i agree with that. let's look at another talented woman out there. meteorologist kari hall with a look at that forecast. >> hey, we have some really lik. look at our highs, reaching into the low s today and tomorrow. a little bit cooler but it will be quite windy for the middle of the week. we'll be watching those high winds as our dry weather continues into the weekend. still not seeing any rain, at least into early next week. marcus? >> all right. thanks. >>> thank you very much for joining us for our midday newscast. the next one at 5:00. have a good one. i'm morgan, and there's more to me than hiv. more love,... more adventure,... more community. but with my hiv treatment,... there's not more medicines in my pill. i talked to my doctor... and switched to... fewer medicin

you heard janet yellen earlier in the show.aid she thinks somebody who makes $60,000 a year should be getting these relief checks, but she wasn't willing to commit to 75,000. where do you think the cutoff should be? >> well, i think what we have done in the past, and what we have promised the american people, we've said two things in the last month. we said we're going to get you $2,000, which is $600 plus $1400, and a couple $150,000 or lower will qualify for that $2,000. we said we don't want rich people to get that benefit and i agree. what we need to do is have a strong cliff so it doesn't kind of spill over to people making $300,000. and that's what i support and that's what i think most people understand. but to say to a worker in vermont or california or anyplace else that if you're making $52,000 a year, you are too rich to get this help, the full benefit, i think that that's absurd, and it's also, from a political point of view, a little bit of absurd that you would have, under trump, these folks getting the benefit, b

good evening, janet. >> reporter: norah, good evening.e inside one of the thousands of homes across texas that has been ravaged by this storm. take a look at what a houston mom and her daughter came home to-- the ciling is gone. walls throughout this house are buckling. everything they own is soaked. there will be no easy recovery. >> this is where the desk was. >> reporter: this is what the storm left behind for shawn thierry. when the pipes burst, her world exploded. the house is now unlivable. >> i mean, this is a nightmare. this is everyone's nightmare. your home is your-- your abode, it's where you go to find your peace and work, and now i'm uprooted. >> reporter: the texas state representative and her eight- year-old daughter are in a hotel. they won't be able to live here for months. >> i'm living through hurricane harvey all over again. >> reporter: thierry is among millions in a new phase of misery. with the lights coming back on, the horrors of the storm revealed. >> all the business cards were floating. so, water was in the dra

many people, including janet yellen, now secretary janet yellen, were conditioned by the experience.hat will be the test case. they are looking to do this over the next several years. tom: we will have to see on the inequality, but to me it is just get over the pandemic. as ethan harris says, we are making headway on the vaccine. it takes time. all the conversations this morning are simple. on radio and tv -- june, it is not march. jonathan: maybe later. tom: whenever. it is june. jonathan: it is not june. tom: i think people are in agreement with you. lisa: i was going to defend the fed jonathan: -- i was going to defend the fed. jonathan: were you? do we have more time? lisa: how do they move away from that without affecting income inequality even more? jonathan: i run the clock, so do you want more time? are you sure? tom: i want to defend the weak -- weeknd. jonathan: we have all the time in the world. lisa: [indiscernible] jonathan: we catch up with matt hornbeck of morgan stanley coming up. tom: by the time you go live, we may have bitcoin at $50,000. jonathan: sincerely, have

global equities extend all-time highs as janet yellen pushes joe biden's relief bill. action is needed to revive jobs in the economy, he says. markets are getting a lift from a continuous slowdown of covid infections. vaccine developers are working on a new shot to combat the south african strain. president biden says he will deal with china differently than his successor, or rather, predecessor. the nations are in competition, he says, but not in conflict. iran says it is willing to return to the nuclear negotiations but only if the united states lifts sanctions first. i am yousef gamal el-din. in terms of u.s. equity futures, many looking to build on the 5% returns at record highs after earnings season solidified the outlook. though brother macro backdrop with the virus cases and the stimulus prospect, helping that risk on from top to bottom. seeing interesting moves, 118, the u.s. ten-year inflation breakeven is at the highest level since 2014. that is the pace of u.s. inflation as implied by the bond market. let her liquidity across many assets, you could blame the

. >>> but first, justin timberlake and his apology to both britney spears and janet jackson.limbing the charts. >>> plus, as tax season gets under way, what you need to know about the stimulus checks. work from home write-offs before you file. >>> if you feel like moms don't have time to do anything, book influencer zibby owens is here. she has some best-sellers to help mom take back her time. >>> this is sponsored by chase freedom unlimited. your local news and weather, your local news and weather, next. so you went to ross to refresh your look for less? and snag top brands for prices that have you, like "oooh yeah"! styles that take you here or here or even right there. slip into the best bargains ever... at ross. yes for less! want to save hundreds on your wireless bill? with xfinity mobile you can. bargains ever... at ross. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer

janet yellen, i don't know why we're showing that.

no one had ever done that except for janet jackson.ple music u.s. albums chart. janet jackson thanked her fans over the weekend saying she never in a million years would have thought that the album would come back in such a big way. >> i'm so thankful for all of you being in my life. you're so special to me. and i want to thank all of you for making "control" number one once again after 35 years. >> the album's recent success comes amid justin timberlake's public apology to her and britney spears. in 2004 at the end of a super bowl performance with janet jackson, timberlake tore away part of her costume briefly exposing her on air. while they both said it was an accident at the time, jackson's career notably bore the brunt of the controversy. hoe the end of their relationship negatively affected spears' public image. he apologize friday an instagram post for what he called, quote, missteps. he said he took contributing to a system that condones misogyny and racism. he also said "i am deeply sorry for the times in my life when my action

janet yellen speaking about a financial transaction tax. higher rates -- we may be taking a little bit of a break today, but nonetheless, the curve is the steepest since 2014 and that will definitely affect equity markets at some point. nasdaq down by over 1%. they tech names the first on the chopping block but the smaller are not getting the beneficiary of higher yields. a teeny tiny bit coming in mostly over in europe. significantly steeper than where we were. copper up by almost 2%. $10,000 call might not seem crazy. guy: absolutely. we will continue the trend, and we see what happens in other markets. momentum getting behind these things. let's talk about the stimulus package, because that would be a major part of this question. democrat -- democrats, even, beginning to push for the stimulus bill this week. the bill, alix, will pay some markup in the house. the full vote will happen friday. secretary yellen speaks at the new york times deal book conference this morning about how to get the economy contract. sec. yellen: my view would be

janet is in houston where she leads us off tonight, janet, good evening. >> reporter: good evening, there's temperatures went to the 70s today, it's very clear that the winter storm that blasted through here still has a grip. this is what hardship looks like in the nation's fourth largest city. in the parking lot of houston's football stadium, desperation stretches for miles. >> it is really mind boggling. that's why i, i had to come help however i could. >> reporter: store shelves are bare. this give away is nothing short of a lifeline. the weather crisis is now a humanitarian one, the state has thawed but the need is growing. they will run out of food here well before the cars in line stop coming. water issues are life threatening. when this hotel went up in flames frozen pipes meant the sprinklers did not work. everyone got out safely. >>> louisiana, mississippi, tennessee, and oklahoma, struggling with water issues. back in texas, ted cruz posted pictures of himself handing out water days after his vacation debacle. and amid this, acts of kindness. this man without power and water for d

tyler, back to you >> one question, if i might -- is he in somewhat of a conflict with janet yellen, who said she could see a full job market, full employment sometime next year >> you know, i don't think so. sometime next year is still some time off, i think we could say, and it's not like we will just get to full employment without doing anything i think when janet yellen says what she says, she counts on the fed being very easy and wide open on its policies i think janet yellen also counts on a strong stimulus or relief bill from congress and the administration, so i think those things are implicit in what janet yellen is saying i think if and when we get there there would be a time of reckoning, but the time is not now. >>> i can't wait for the q&a, because i'm sure he'll be asked about gamestop and reddit users. i'm really curious to see how he answers that inflation seems like a growing concern at about 3%. just what we're seeing in the commodities market >> um, i think that is an issue month market participants. my read and conversations with fed officials have said not an imm

we heard from janet yellen twice today. we know her well from being the federal chair. -- federal reserve chair. she really laid out two scenarios. the u.s. could get back to full employment next year. and that there could be a long drawn out recovery. she was around during 2008, 2009 , the recession and saw how long it took to recover from that. she is wary of that worried the stock market is slowing down. this is not persuading a lot of republican lawmakers who still feel the biden plan is too big. $1.9 trillion. there is tension now between the yellen camp and the biden camp and people like larry summers that typically would be in line with janet yellen. she says as treasury secretary now she has to deal with the entire company and the long-term fallout of job losses. she talked about job losses specifically among minorities and women which are very sticky right now. paul: is a compromise dead now? >> it seems like it never got up off the ground. democrats just want to go with the more aggressive plan. and put the assura

jon timberlake apologizes for his actions with britney spears and janet jackson. is it too little too this morning fans on both sides arehat plus silence at the australian open. fans no longer allowed in the stands to watch tennis's top players after a worker tested positive for covid sending that part of australia into lockdown. >> it's rough. it's going to be a rough few days for everyone. >> what it could mean for other major events, like the olympics. today, saturday, february 13th, 2021. >>> from nbc news, this is "today" with peter alexander, kristin welker and dylan dreyer. >>> welcome to "today." thanks for joining us on this saturday morning. dylan with the weather the way it is this weekend, it's going to be a good valentine's weekend just to hunker down for most folks. >> i was thinking back to last weekend's holiday. we were making fun of the ground hog. well, it's all playing out as planned. winter certainly is being winter. >> it certainly is. i had to run to my car today. it was absolutely freezing. stay inside. eat chocolate for valentine's day. >>

dollar steady after janet yellen said the u.s. a slower rebound in jobs and the economy if it fails to enact a robust stimulus package. ecb's christine lagarde under -- the need for policymakers to enact fiscal stimulus gradually and what she calls a soft exit. a fantastic run so far in 2021, pretty much across the board, outperforming stocks. the bloomberg commodities index higher, up by 0.6%. oil climbing at a one year-. -- one year high. bitcoin up, 38,454. rishaad: emerging-market investors, the coming weeks may well be the beginning of the end to the rally that helped propel emerging markets to unprecedented levels. let's have a look with our chief asian economic editor. we have inflation data out of china. what are we looking for? >> the big talking point everywhere is, will we get inflation or not? that is why a lot of people will look at the numbers out of china this week. on the consumer side, expecting perhaps another lapse into deflation. that will perhaps reflect what is going on with the lockdown to contain the recent

good evening, janet. >> reporter: norah, good evening.is a life-threatening humanitarian crisis, and it is growing by the hour. families all over this state doing whatever they can to stay warm, and sometimes making deadly choices. the snow here is gone now, but the bitter cold remains. tonight, a crisis in texas. millions in the dark with no heat for a third day. lines of misery for food and gas. and now, millions without running water. frozen pipes bursting, flooding and this winter apocalypse-- icicles inside a dallas apartment building. >> it's been a little crazy. i mean, i think we did our best to prepare. >> reporter: steven and laura dandridge have been living in the dark for most of the past three days, with their year-old son bobby. no power to their fridge, but it's so cold, they're storing food in the garage. >> when the sun goes down, you know, it's-- you can't keep open flames going, you've got to turn the stove off. >> reporter: almost three million texans are still without power. a boil water order for houston and dozens o

janet shamlian is in houston where she leads us off tonight. janet, good evening. >> reporter: jericka, go there is an enormous need for water tonight. distribution sites and community centers like this are running out. even as temperatures went to the 70's today, it is very clear that the winter storm that blast city. in the parking lot of houston's football stadium, desperation stretches for miles. >> it is really mind boggling, that is why i had to come help however i could. >> reporter: many store shel are bare. this giveaway is nothing short of a lifeline. the weather crisis is now a humanitarian one. the state has thawed, but the need is growing. they will run out of food here well before the cars in line stop coming. water issues are life threatening. when this hotel went up in everyone got out safely.nt the louisiana, mississippi, and oklahoma also struggling with water issues. back in texas embattled senator ted cruz posted pictures of himself handed out water days after his cancun vacation debacle. amid a slow recover, acts of kindnes

treasury secretary janet yellen is pitching the biden ministrations major stimulus measures what sway could she have straight ahead check out her comments and what waves it could make plus we have a conversation with world renowned international investor jim rogers about a flurry of subjects including the economic recovery and the aftermath of the game stop trading frenzy and the later because he is continuing hitting yet another record high along with a new milestone we'll go over the numbers with a pack show today so let's dive right in. and we lead the program here in the united states with talks regarding the next economic relief package u.s. treasury secretary janet yellen on thursday said the $1.00 trillion dollars stimulus package is needed to revive the economy struggling amid the pandemic yellen told c.n.n. si thursday quote we think it's very important to have a big package that addresses the pain this has caused 15000000 americans behind on their rent 24000000 adults and 12000000 children who don't have enough to eat small businesses failing i think the price of doing too l

janet shamlian, thank you. and now to the covid pandemic.week's crosscountry storms delayed the delivery of millions of vaccine doses, but it comes with pro with promising news about pfizer's shot. the company says it will expand production and possibly distribution. here's cbs' adriana diaz. >> reporter: tonight, it's a game of catch-up. delivery trucks are trying to weather this winter, but vaccine delays are widespread. >> we have a backlog of about six million doses due to the weather. all 50 states have been impacted. >> reporter: that represents three days of delayed shipping due to delivery workers snowed in at home, road closures, and more than 2,000 vaccine sites without power. the result: nearly all of this week's shipments to new york state are delayed. in boston, dentist khara gresham's second dose appointment today was eled, spite her high-risk work. >> good morning! everything is up in the air. >> reporter: how do you feel? >> a little bit frustrated, a little bit-- annoyed, is probably a good word. confused as to kind of what

janet yellen says market infrastructure was resilient during the gamestop frenzy. vigilance is key. bnp paribas debt trading revenue misses estimates, as it signals an uncertain outlook amid the pandemic. >> if we roll that fixed income into 2021, well, it is not anticipated that those record levels that we saw in the pandemic environment are to be reproduced. annmarie: good friday morning. it is payroll friday. we be counting you down to that all-important jobs number coming out at 1:30 p.m. london time. we did have another record day on wall street. 4 days of gains. 3871 where we ended up on the s&p 500. 3877 when you look at the futures market. in asia, equities higher on the msc asia-pacific. all the action in the bond market when you look at the 5-30's, topping 147 basis points. on the 30 year yield, we are inching ever so closely to that 2%, a level we have not seen since february last year. all that is going on in the yield market, treasury market has to do with inflation. below $60 per barrel on brent. the countdown begins on the payrolls number out at 1:30

consumer protection, is that something janet yellen wants to deliberate.reasury secretary calling a meeting. we'll talk about that next. this is bloomberg. ♪ ritika: this is "bloomberg markets." coming up, t-mobile u.s. cvo joins bloomberg technology at 5:30 p.m. in new york. this is bloomberg. let us check in on the first word news. president biden is drawing a line in the sand on his coronavirus stimulus proposal. he told house democrats that he will not back off the plan to send $1400 checks to millions of americans. he says he is opening -- open to tightening the eligibility. republicans suggest that the checks be smaller and fewer people get them. amy klobuchar is proposing a reform to antitrust laws. it would make it easier to stop mergers and acquisitions in court, plus it would target conduct by dominant companies that thwart competition from rivals. she is the incoming chairwoman of the committee on antitrust law and competition. mckinsey and company has agreed to settle claims stemming from the opioid epidemic. the consulting firm will pay 540 --

janet: a good question.to observe what could happen because it is just the first few days the silver market has been influenced. the sharp gains in silver. the wider market is more prolonged. the only volatility happening is with silver so it probably will not hold too much volatility for the system. we will have to see in the next couple of weeks. we will just have to keep an eye on the development. we just have to observe how it goes. matt: janet, thank you for joining us on bloomberg television. janet mui is a bruin dolphin investment director and she will continue the conversation with us on bloomberg radio at 9:00 a.m. u.k. time. if you are in london, you can tune into that on london dab digital radio. swedbank is establishing a new baltic unit. up next, we talk to the ceo, jens henriksson. this is b when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a m

that is after secretary to treasure janet yellen said this week biden has a rich portfolio tax plans to offset the cost of the spending ambitions. she said the president is ready to raise the corporate tax rate 20% after former president trump/to down a 21 and 2017. how could these bright ideas affect your wallet? joining me to break it down wealth management chief investment officer and "fox news" contributor scotty martin is back. >> we call him not a scotty. >> not a scotty and hot under the caller with janet yellen's administration plans. janet yellen boys and girls is one of those out there fanning the flame for more spending so she's like oh no problem i'll just go to joe's office and tell them to start hiking taxes everywhere because i'm telling you to spend all that money first off. kennedy: we will just. more. it will be great and we are not on the hook for anything. obviously the corporate tax rate looks like it's going to go up 7%. they are talking about a capital gains tax. which would be worse for the economy? >> they are both bad. the corporate tax rate is strictly impa

and when we were talking early about janet yellen's comments, that is true as well. we dropped employment by nearly 10 million with a one million increase in the size of the adult population. there is another piece of the economy that is extremely depressed. if you look at it in the aggregate and we can take a look at consumer and commodity prices. commodity prices are raging for the good sector. if you look at hotel pricing it is falling rapidly until we get past covid, and then we can broaden the recovery. i think we will probably see, and this is still early, some of the things that have been strong, home electronics, shipments from asia, these were one-off purchases that will not be repeated. jonathan: it is great to catch up. citibank's chief economist and strategist. coming up shortly, ellen zentner. this is bloomberg. ♪ >> in new york with the first word news, the u.s. says it is willing to meet with iran to restore the nuclear deal. iran says not so fast. it wants the u.s. to join the 2015 agreement and left sanctions. donald trump pulled the u.s. out of the