i'm taylor riggs with jon erlichman.e might have some potential good news from that because in the fight against covid, the fda has approved an emergency use authorization. joining us now with bloomberg is angelica peebles. >> this is a big deal in our fight against covid-19. those have been really difficult to get to patients because they require people going in and receiving infusions which doesn't always happen right away especially with the turnaround time for tests. now you can have a treatment that you take home. of course pills are a lot easier than infusions. everyone i've talked to is very excited about this. jon: that stressful moment would get an update from a health care worker or a doctor and then wonder what's next. should we think about a world where you are able to go to the pharmacy and get your dose of pills essentially? >> that's the idea here. i have spoken to one company that offers at home tests. they are talking about integrating this option where you get your pills sent to you. in a perfect world

. ♪ >> jon erlichman, welcome to bloomberg markets. kailey: i'm kailey leinz.oomberg and bnn audiences. here are the top stories we are following for you from around the world. with spending stagnant as prices continued to surge, we speak to julia coronado of macropolicy perspectives on what this means for the economic outlook. the covid surge is also impacting airlines as travelers second-guess their travel plans, bringing new uncertainty to the recovery. a santa claus rally underway. can risk appetite avoid the grinch for the rest of the year. john: we are watching some positive performance on wall street as things start to slow down at of the holidays. generally positive week for stocks and we are sitting near the all-time high for the s&p 500. industrial stocks have been driving the index higher. boeing moving higher. we were talking about that data on the consumer front. every time i go out, even if i don't go into a store, it feels like $20 is flying out of my pocket. when you adjust for inflation, the fastest price gains in nearly four decades, eroding p

and the question was, as jon erlichman used to put it, well, will this help incentivize people to work or will it help just help them lie about? that was his phrase, lie about. and people may sort of lean on the doors a bit. if they had this backing income floor. and right now, that was an argument. and that was an experiment. it was an argument opposing family systems. today, we are back in the middle of a huge experiment. right now. and that's a result of this attitude of people every night, at the beginning of this year. and it's probably pretty strong, that if any part of the 3.6 trillion dollar exercise, if that gets passed, of what might be the child tax credit. in which case you will have a two to five year experiment on, nationally, with an incredible amount of data. after which and through which you could take a hard look at that policy of income support, family floor, on your income. and have some real strong, analytical stuff to go into the game. with >> john, thank you for writing the book, thank you for making a part of the foundation and the library. and thank you for bei