this mix is very important this season, because you had talents, jonathan david...h him, to make him feel confident. it was a real mix. the site was really impressive, lots of regularity and smart moves. very smart moves on the transfer market last summer. time now for some of the day's other sport stories. rio ferdinand and karen carney will manage a team of footballers from across the home nations in an attempt to tackle on—line abuse. a wolves fan was arrested after making a racist gesture towards ferdinand yesterday whilst he was at molineux working for tv, and carney�*s been racially abused as a player and pundit. britain's francesca jones was beaten in the first round of qualifying for the french open — she won only three games against the former world number two vera zvonreva. jones made headlines after qualifying for the australian open in february. she'd been told she'd never become a professional player because she was born without several fingers and toes. preparations are continuing for the olympic games in tokyo, with organisers still confident they can

david: i don't know, if you take the bowtie off, you won't recognize him. jonathan: he's a seven foot tall. you can't miss him. [laughter] david co-talk, good to catch up, cumberland advisors -- david kotok, cumberland advisors cio. tom: he was original in his courage to write on that. jonathan: interesting to hear his thoughts on the health care sector. just on the moves to florida, some data for you. in april, manhattan leases jump sixfold from your earlier, the most in any month going back to 2009, by the appraiser miller samuel. tom: we've got a welcome wagon out of the manse for you. they want you back. jonathan: they want me back in the building? you want me back on the upper eastside? tom: we don't have to drive the same car in the morning. jonathan: can i live on a different floor this time? tom: you can live on a different floor. jonathan: ok, i will consider it. you are too far north for me, tom. tom: save us with a data check. jonathan: i think we both need saving. s&p futures shaping up as follows. we declined 0.3%. unchanged on the 10 year at 1.6932%. u

jonathan: why aren't they? david: it is somewhat mysterious.ems like the fixed income markets believe the very dovish tone coming out of the federal reserve. i do not know they should believe the federal reserve. i think when the data change, particular when you get higher inflation numbers and provided the economy continues to recover through the fourth quarter, i think the fed is going to change its tune. it will taper earlier than expected. it will raise short-term rates. i think we will see higher long-term interest rates by the end of the year. it is surprising we've not seen more. jonathan: you've set you think they raise interest rates sooner than most people expect. when is that? david: first of all, i think they will start tapering bond purchases at the start of next year or the end of this year. i think they want to raise the federal funds rate at the end of 2022 or the january meeting of 2023. right now, they do not think they will raise the short-term federal funds rate until 2024. the economy is going to be fully healed by early ne

jonathan: david malpass is on next, world bank president.malpass knows where the dow is. jonathan: up 12 on the s&p, we advanced 0.3%. up about 0.4% on the nasdaq 100. this is bloomberg. ♪ ritika: with the first word news, i'm rick agrippa. more than -- i'm ritika gupta. more than 30 rights groups are pushing for an investigation into a who official. canadian prime minister justin trudeau is beginning to sketch out a plan to reopen the u.s. border, but canadians don't appear keen to rush it, and when travel resumes, may overwhelmingly agree proof of vaccination should be mandatory. nearly half of respondents in a poll released today said the border should remain closed until at least september. billionaire investor carl icahn says crypto may be here to stay, but he hasn't bought any. in an interview with bloomberg news, icahn also said inflation "already exists, and that will cause a correction." we will hear more at two: 10:00 p.m. wall street time today, live on bloomberg television and radio. during the more than year-long long national l

jonathan: david lebovitz, j.p. morgan global market strategist. own growth, rent value. tom: it's a big strategy here. doug kass is particularly articulate on this. it is not for us to say, but it is something that everybody watching and listening needs to understand. it is the durability of the trade. with one stock, say amazon, do you rent amazon at a given point, or are you going to own it forever? jonathan: it is a cycle call, isn't it? if you believe in the northern trust world, deceleration to 2.5%, then david's point makes sense. tom: you bring up the heart of the matter, which is you have to use your economics to construct the cycle belief to get to what you do within the stock market as a simplistic idea, and across bonds, currencies, commodities as well. jonathan: how willing will you be to pay up for it? tom: i am only saying this because you are in another room. if you were in the same room with me, it would be too personal. jonathan: we don't want to get personal. is that what we want, this distance? are we going to maintain this all year? tom: that's a pret

there are some great all—time great players was upjohnny sexton, jonathan david, center, we could goult it must be depicted squad. yet as many ways in which you can measure _ yet as many ways in which you can measure the — yet as many ways in which you can measure the qualities of a squad. you can— measure the qualities of a squad. you can look at the sport not the obvious— you can look at the sport not the obvious way. when you look at the players _ obvious way. when you look at the players admit it, you've got to get so much _ players admit it, you've got to get so much confidence or who are there. the quality— so much confidence or who are there. the quality which is left behind the likes of— the quality which is left behind the likes ofjohnny sexton and national captain— likes ofjohnny sexton and national captain hasn't quite made it. we spoke _ captain hasn't quite made it. we spoke to— captain hasn't quite made it. we spoke to one gallon earlier and he went— spoke to one gallon earlier and he went on— spoke to one gallon earlier and he went on to — spoke to one gallon earlier a

amna: jonathan capehart joining us tonight. i apologize for davidght, it is always good to talk to you. jonathan: great to see you. thanks. ♪ amna: even as the pandemic shows some signs of easing in the united states, the numbers of death does continue to climb. each friday, we have been honoring some of the incredible lives lost during the pandemic. here tonight are five more. bob costello served as the fire chief for the fast-growing city of buckeye, arizona for more than a dozen years. the department with bob at the helm expanded with the city. even then, a coworker said the 62-year-old was keen to connect with colleagues in person, whether it was to field their questions or just say hello. bob was a car buff. a passion that began early in life and he was quick to reach out to friends when they were going through struggles, his wife told us. he would always take the time to make sure they were ok. there were three things that defined the life of 64-year-old bernita raiford kershaw. family, church, and the new york police department said her daugh

jonathan: david zaslav coming up swinging, the discovery ceo. keene and lisa abramowicz, i'm jonathan ferro. here's your equity market this tuesday. we are higher by eight points on the s&p. we advanced 0.2%. on the bond market, yields come in just a basis point. in the fx market, 1.2217%. three reports from retailers in america this morning. home depot, one to beat. macy's, another. walmart, make it three. the outlook looks brighter for retail in america. tom: the mba speak is floating around this week. jonathan: it sounds -- we don't want to stop the show. jonathan: it sounds like you have just done that. elaborate. tom: lisa, this is compelling. jonathan: are you talking about the mckinsey speak? tom: well said, yes. jonathan: tom, that's what you get every day. you always get the mckinsey speak at these press conferences. what do you expect? lisa: the spreadsheet isn't compelling in this capacity -- [laughter] tom: oh please. jonathan: lisa, don't try to translate. tom: i know you watch "90 day fiance" every time. "90 day fiance" is going to

that is "new york times" columnist david brooks, and jonathan capehart, columnist for the "washington" good to see both of you. miling, faces on this friday evening. and i do want to get to senator warren, david, but first let me ask you about today's jobs numbers. they were disappointing. it was expected there would be many hundreds of thousands more than there were. does these numbers say something about frankly the wisdom of president biden's economic plans? >> maybe. i don't think we know yet, but we're doing two gigantic experiments unprecedented in american history. we never spent $6 trillion in such a short period of time and gone into debt while doing it. if the two other biden plans pass it will be $10 trillion, at the same time we have never seen fedex pangsary policy this momentous. this san experiment and maybe it will pay off, but maybe there will be inflation. warren buffer et say little worried about inflation, other people are worried about inflation. maybe as michael strain said earlier in the program the fact that people are paid to stay home means that i don't want

that is "new york times" columnist david brooks, and jonathan capehart, columnist for the "washingtone both of you on this friday night. and, david, and jonathan, there is a lot to talk about. let's start with the-- with the new mask guidelines, jonathan, from the c.d.c. this comes after-- i guess we've seen 30% or more drop in new cases in the last couple of weeks. most people reacting positively, some people saying it's confusing, maybe too soon. is this the kindf thing that has a political effect on the esidprt onim? >> yes, it does, judy. and great to see you, too. look, the president made coronavirus and his response to the pandemic his number-one priority, so much so that the american rescue plan where he talked a lot about "i want bipartisanship," but in the end got it done with just democratic votes, that's how urgent getting a handle on the pandemic was for the president. so getting people back to a semblance of normalcy, and part of that is making it possible for people to get rid of the mask. and the only way you could do that is if you got people vaccinated, which is why t

david: that is very -- you get further following the money than trying to understand the philosophy of all of this, right, jonathanutility, or really the interest to most viewers in the age of the internet. no question they're looking for a way to get out of the deal. you can't deny the hollywood press foreign association has pretty serious accusations. one you mentioned there is lack of diversity. there is accusations of straight out sexism when it comes to interviews, et cetera. they were canceled. a lot of celebrities don't want to be associated with the hollywood foreign press anymore. that is the death snell. david: carol, sexism in hollywood, i'm shocked, shocked! how many years, how many decades have we seen james bond movies, et cetera, it is part of what they do, right? >> i mean just not just on the screen but off the screen. i think it is not a really big secret hollywood is a complete and utter mess, if they were to cancel everything that had issues because of diversity, sexism, weird payments and whatever else, there wouldn't be a whole lot left in hollywood. that is the problem when you get into the

jonathan: he's allowed. david: i'm the new kid on the show. what do i know? thanks for waking up early with us. yell university sharing the sad news that yields chief investment officer died yesterday after a courageous battle with cancer. tom: he was worshiped. jonathan: coming up on the program, alan ruskin, deutsche bank chief international strategist. from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market looks like this, up 0.1% on the s&p 500. we advanced four points. yields in the bond market higher by almost a basis point. euro-dollar, $1.2053. this is bloomberg. ♪ >>>> we basically rebooted the global economy. we shut it down and turn it back on, and it is coming with a lot of messy friction. >> i'm against the view that we are in the roaring 20's and we will have a new era for u.s. growth. i think we are just back to normal. >> we should all recognize the economy right now is experiencing a launch we haven't seen since the likes of world war ii. >> you sit back and think about wh

david brooks. jonathanrt. ♪ judy: well this week did bring hopeful signs with the end of pandemic and easing of restrictions hundreds of thousands of families are still feeling the loss of a loved one over the past 15 months. we pause again to remember some of their stories. ♪ to some in carrollton, texas, he was coach mathews, while to others, he was mr. mathews, or even school board president mathews. 73-year-old john mathews served his local school district for more than half a century whether it wass a teacher, administrator, coach, or stadium announcer. he was so well-known in the community it was as if more people knew him then did not. his wife said. he was always a happy guy, and loved to meet people. 51-year-old syvie robertson brought her take charge spirit every day to her work as a licensed practical nurse, her daughter told us. the virginian and grandmother of four was one of several family members who worked in the medical field. it was work that she loved, her daughter added even though it ca

that's "new york times" columnist david brooks, and jonathan capehart, columnist for the "washington good to see you both. welcome back. happy friday. david, i want to start with you. the president was just speaking at the white house, actually, and was asked about this latest cease fire, asked also if there's been a shift in democratic party politics when it comes to the approach in israel. this is what he had to say -- there is no shift in my commitment to the security of israel, period. david, what do you make to have the way the president has handled these last eleven days and this cease fire? >> i think he's handled it pretty well. he's kept the u.s. out of being the center of the story, he's learned from some of the mistakes we learned in 2013 ending that gaza war. he's pressured to lean on bibi and israel top end them pluckily. if he does that it delays the cease fire so bibi can show his independence. and then if he does that, hamas gets more aggressive. so this is is a case where doing things in private was more effective than public so i think the administration was wise to

david brooks and jonathan capehart analyze the failure to investigate the insurrection and the presiden't's budget. all that and more, on tonight's pbs newshour. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> fidelity wealth management. >> consumer cellular. >> johnson & johnson. >> financial services firm raymond james. >> the john s. and james l. knight foundation. fostering informed and engaged communities. more at kf.org. >> and with the ongoing support of tse institutions: and friends of the newshour. >> this program was made possible by the corporation for public broadcasting. and by contributionso your pbs station from viewers like you. thank you. >> woodruff: at the site of a deadly riot, republican senators block an investigation into the attack on january 6. the push to create a commission, like the one established after 9/11, failed today after g.o.p. leadership used special deying tactics for the first time thi year. lisa desjardins is here to explain what happened. llo, lisa, i know you r

jonathan: i think he is. davidng problems in this country that if we do not get moving on solving em, not only are we going to get left behind at home, but china is just going to run away with everything and the president made a point of talking about that, that there is a choice here. democracy versus autocracy, democracy has to show that it works, the aiken get things done . it is also a competition between the united states and china. if we do not do something about broadband, our electrical grid, making sure that people who want to work can actually go out and work and don't have to worry about childcare or family leave. if we are not able to do those things, we are going to lose the future to china. judy: picking up on that, it is an ambitious set of plans that president biden is talking about. $4 trillion between the two latest if you add that to the couple of trillion dollars in the american rescue plan. he is talking about some major issues, and i raised some of them with cindy mccain. childcare assistance.

jonathan: maybe. they would sell some jerseys. tom: davidosenberg out moments ago in toronto, and he says the real inflation, you know what? it is not that's real. rosenberg and others are really pushing against the gloom of higher inflation. jonathan: pushing back hard. that's for sure. julia coronado joining us next, macropolicy perspectives president and founder. your equity market higher, advancing zero point 3% on the s&p 500. alongside tom keene and lisa abramowicz, i'm jonathan ferro. heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." ♪ jonathan: one hour away from the opening val. -- from the opening bell. alongside tom keene and lisa abramowicz, i'm jonathan ferro. through 4200 on the s&p. yields are breaking 1.60 to the downside. down not even a basis point at 1.5944 four stop -- 1.5944. 1.2262 on euro-dollar, moving to the euro's favor. tom: a lot of housing data coming up. i believe you will see that on "the open" with jon ferro. jonathan: thank you. tom: it is now time to frame the fed. we can do t

[laughter] jonathan: coming up, david kostin of goldman sachs, the chief u.s. equity strategist. keene and lisa abramowicz, i'm jonathan ferro. your equity markets doing a little bit better the last couple of days. a bounce for the nasdaq. on radio, on tv, this is "bloomberg surveillance." ♪ we know how much you count on us... ...and that's why we're here 24/7... ...and on the road maintaining a fast and reliable network. we're always working to ensure the internet meets your needs... ...by making access easier for all... ...with comcast lift zones and our internet essentials program. we're invested in making our apps easy... ...to give you personalized assistance around the clock. and we're committed to keeping our team and customers safe by working from home... ...and using precautions in store. see what we're up to at xfinity.com/commitment >> the risk that the data comes in hot or remains hotter is an important part of it, and the fed has so far -- the fed is so far behind the curve that it is hard for them to catch up. >> we already had a bit of a melt up in the first half of

jonathan: spending, ok. tom: david wilson, go away. look for him on friday. -- dave: simple subtraction, tom, that's all it is. tom: dave wilson, thank you so much. there is a bid to the market. i know it is not so much a percentage move, 0.5% on the s&p 500, but i'm sorry, there's a nudge this morning. jonathan: president lagarde with some more headlines. the ecb can miss its favorable conditions when it is a recovery. italy in mind with the 10 year yield, down through 1% over the last couple of weeks. i think that is the focused going into june 10 for the easy be meeting and that conference with president lagarde. tom: in the ecb's defense, they have been clearer about extending their timeline out. i think they have done a much better job than the fed of saying 2022 and even 2023. jonathan: it is time contingent forward guidance instead of state contingent forward guidance, where we say when we get there, we will do something. are we done? ? tom: we are done. i'm looking at the bond market. do you say curve flatter? we haven't talked about it in ages. but t

david brooks and jonathan capehart analyze the failure to investigate the insurrection and

david brooks and jonathan capehart consider the shakeup in republican leadership, and

jonathan: what has surprised you in this recovery? davidwell, i would say that what has surprised me is the extent to which the risk on trade in the market revived as dramatically as it did. it is not that we shouldn't have seen investor animal spirits come back. it is just that the magnitude, so if you ask me when i take the pe multiple, north of 36, did i think that we would actually gallop ahead this quickly to the highest multiples we have ever seen in the stock market outside of the dotcom bubble, i would say no. so it is more about the euphoria and the market place that has surprised me. lisa: other people would say it is the magnitude of the earnings and fundamentals of these companies has surprised a lot of people to the upside, which is why we were just speaking with jonathan golub about upgrading the s&p forecast to 4600. what would you say to people who say that the numbers justify what has been baked into market expectations given the amount of money being printed in combination with the treasury and the federal reserve? david:

[laughter] jonathan: you are crushing it. tom: davidll be back on tomorrow talking brooks & dunn. conrad dequadros is with us now to save the show, with brean capital, their senior economic advisor. what is the tendency of a gdp gas right now? are you guessing -- gdp gas right -- gdp guess right now? conrad: over the next couple of days, we are getting a lot of important information on that. today's durable goods orders report gives us a first look at capital spending at the start of the second quarter, and then tomorrow we get the consumer spending numbers. it is looking like the second quarter could be a double-digit gain in gdp, particularly because of the strength of the consumer. consumer spending has been extremely strong. that brings us to where do we stand in the economy relative to where we were pre-covid, and it looks like the gdp gap may have completely closed by the second quarter. if not, definitely by the third quarter. the production side of the economy has been extremely strong. jonathan: given where the year has gone so

jonathan: congressman were in david -- congressman were in davidson on the moment -- congressman warrenidson on the news of the moment. tom: i'm going to go back to the sixth district of texas, the 17th district of illinois. the political landscape in washington is changing real-time. lisa: and i do want to go back to what he was talking about with respect to crypto assets, people really looking for clarification there. tom: you were just looking for investment advice for the kids on the couch. lisa: you mean that they are looking to invest in doge coin? they were literally asking me last night, where is the trading these days? jonathan: coming up, joseph stiglitz, come on be a school of business professor -- columbia school of business professor. equities unchanged. this is "bloomberg surveillance ." ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting

david: charles: jonathan, thank you very much. i want to bring in mark tepper.aving a devastating blow in general. it is giving us a sense of vulnerability as a nation. these kind of things hurt our psyche. i'm not sure the administration is doing enough to make us feel safe. president biden even mentioned russia. your thoughts on this thing which is becoming a bigger fiasco every minute. >> you said it, i will say it, this administration is asleep at the wheel in my opinion. the hack shouldn't be taken likely. this was an act of terrorism. charles, this is the future of warfare. you will have less boots on the ground, more cyberattacks. it needs to be dealt with accordingly with a heavy hand. at this point i don't have much confidence this administration what it takes to hold any of the bad actors accountable. our cybersecurity defense is outdated. it needs work. if it doesn't fit that climate change and infrastructure playbook it really gets no love from this administration. it's a problem. charles: it really is. let me ask you about today's session. started o

jonathan: that was craig moffett, moffettnathanson analyst, reacting to the news there. davidaslav will be dealing with that entity as it combines. from new york city, this is bloomberg. alongside lisa abramowicz, i'm jonathan ferro. your equity market coming off the back of the week of losses, and we add to them. the s&p 500 declining by 20 points, down 0.5% going into the opening bell one hour and 12 minutes away. yields on the nominal yield unchanged at 1.635%. euro-dollar, $1.2143. crude down 0.7% on wti, $64.92. news of the morning, we got some deal flow. lisa a: a lot more exciting than flat markets. we are looking at discovery taking on the at&t media assets. we believe it is going to be in this reverse morris trust merger as ed hammond was talking about. the idea is we give it a cash infusion to at&t in return for a merging of media assets to rival the likes of netflix and disney+. the question is, can they be successful in such a competitive area? jonathan: always the question. the discovery ceo, we are keeping cnn. we are going to lean into the news. discovery is hig

david brooks and jonathan k part thank you. >> new coronavirus cases continue to drop in the u.s., the toll of the virus remains a constant for so many families who lost loved ones during this pandemic. we pause to remember some of their stories. ♪ >> she was a trail blazer dedicated to helping new immigrants and asian americans gain access to resources she never had as a young refugee in the 1970's. known as eileen to family and friends, she fled war in laos to a small town in iowa at the age of seven. helped to raise her younger siblings while their parents worked long factory hours. and went on to become the first model woma admitted to the minnesota bar association. empowering young asian american women was a special focus of hers. she leaves behind a series of nonprofits and an annual summer festival in st. paul that celebrates asian cultures across minnesota. she was 52. 74-year-old john jack delano harding was a renaissance man, his wife said. he had a passion for the outdoors, art, and theater. a family man, he loved to share his hobbies with his wife, kids, and grandkids. abov

jonathan: tom is going to want you back every single day. [laughter] greg boutle, go away. tom: you don't get that from david kostin at goldman sachs. nathan: no, you don't. greg boutle, thank you. i don't think you will mind that when we asked him about this situation, he said, most of the s&p -- most of the market is following the s&p 500, but my kids are following the nasdaq. tom: one of the great americans has died. the john warner story, they are going to play it off. he married an actress. i can't renumber her name. john warner -- i can't renumber her name -- i can't remember her name. john warner joins the military. he became a captain in the marines in korea. he was the navy guy on the hill. he was a textbook virginia politician of washington and lee. what this guy did, he was the last of the old guard liberal senators. in virginia with the geography to the south, he was the one that for years fought often the senate the real conservative tilt of the republican cell. jonathan: the former senator died tuesday at 94. ritika: with the first word news, i'm ritika gupta. the u.k. prime minister's former advisor has unleashed an on

jonathan? >> reporter: hi there, david. we're seeing constant activity right behind me.ust one of the supply depots where trucks have been driving in all morning, taking in supply. all of the major petroleum companies have installations here along the colonial pipeline. once these trucks are filled, these big tanker trucks, they then drive to area gas stations. as you can imagine, the process does take time and so does the flow of the pipeline. take a listen. >> i it moves very slowly, often around 5 miles an hour. as you can imagine or, it's very complex getting the pressure right and making sure that this product is moving safely. so it is taking a matter of days. >> reporter: colonial pipeline tweeted, we have returned the system to normal operations delivering millions of gallons per hour to the markets we serve. the company goes on to list all of the states that it serves and then as all of these markets are now receiving product from our pipeline. georgia governor brian kemp has extended the state of emergency through next saturday. the state has temporarily are su

. >> jonathan, i want to get so some of your new reporting on the infrastructure package. the president spoke with david brooks of "the new york times" with pushing back -- >> jonathan, you are pointing out in your new reporting where the white house is in trying to get this infrastructure package through. is there any hope left of a bipartisan vote? >> that's right, andrea. certainly the president is a big government democrat. he has looked to fdr and lbj as his role models. he will push back against the term progressive. there are many on his staff, parties who say this is the moment to go big. he frames this media will take care of matters at home, everything from voting rights to infrastructure to prove democracy still works with rising countries like china. they want to see if there can be progress and done in a bipartisan fashion. their support has cooled. there is a meeting set up with republicans to have the next round of discussions but disappointment that the republicans haven't come up from their original offer which is $600 billion, but nowhere near what the white house wants. there is hope

david: thank you very much, jonathan. more mixed messages on the biden administration and its role in energy production and transportation. the biden administration facing renewed questions about canceling the keystone xl pipeline one of the first orders by the president after this coming from in energy secretary saying pipe is the best way to transport fuel. blake burman at the white house with more. a lot of contradictions here, blake. reporter: take you back to tuesday afternoon here at the white house. the briefing room, energy secretary jennifer granholm who was at the podium and said the following here about pipelines. listen. >> these are not easy solutions because there may or may not be the right railcars. there may not be the deepwater ports available are. this is why we have doubled down on insuring that there is ability to truck oil in, gas in but it's, it's, the pipe is the best way to go. reporter: the pipe is the best way to go, she said. that had republicans noting from republicans that the first act by pr

sridhar: i that david solomon to some want to leave anytime soon. jonathanpresidents role, how on earth does that work? sri: at least at this firm, the morgan stanley today is extremely different from the morgan stanley of 10 or 15 years ago. you have a firm that is not a pure play wall street investment bank anymore. it is a wealth management arm that contributes nearly 15% of its overall revenue, so it kind of makes sense to pick someone who has charge of the entire investment bank, and mb -- and andy saperstein, who has really built a wealth management powerhouse, starting with the e*trade by, possibly the biggest bank deal since the financial crisis. it has become a major center of gravity for the firm. at morgan stanley, you had to have a situation even without any inside knowledge. the best guess anyone would have had was the most logical outcome here in trying to figure out who will be the top deputy to james gorman would have been these two men from the investment bank and the wealth management side. jonathan: so he wants three years as ceo. many peo

david westin. alongside tom keene, i'm jonathan ferro.is back on monday. 12 minutes away from a retail sales print in america, which michael mckee will swing by and bring you some information on. your equity market up 27 on the s&p. on the nasdaq, the nasdaq 100 advancing 1.07%. do you want to put the dow, tom? tom: no, i don't need to do it right now. jonathan: that was just for you. you can pay me later that. on the bond market, yields coming in to 1.6369% on tens. treasury firmer, tom. tom: very interesting. we have talked to some good economists about retail and what it means for the national gdp. how about retail for retail's sake? you do that with dana kelsey, kelsey advisory group, and joseph feldman joins us right now. i want to talk about the spirit and retail. i want you to pollute forward to home depot next week. hermes of france ready to put a gajillion dollars into a double storefront, and right across the street, manolo blanc is building another fortress. people are building into this recovery, aren't they? joseph: it seems

crystal tully and steven wall and i'm sure, i should say on my staff jonathan hale and david martin and ronan worked on a lot of energy stuff. i'm sure we'll have more to thank later. this is a wish by senator wicker that this would be the wrap-up. i know we're not quite at the wrap-up, but we're hoping that we will, have hotlined a manager's proposal. i hope our colleagues will look at that. i hope our colleagues will allow us to move forward on that. if they're not going to let us move forward on that, i wish they'd come to the floor and tell us that. it's time to move the rest of this legislation through the senate and move to whatever discussions we're going to have with the house. but safe to say this represents a lot of work by a lot of people in committee, i think we processed, before we even got to the legislation, something like 52 amendments prior to the actual day. the substitute, i think we processed another 40 or 50 amendments. i think we had dozens of roll call votes. that's all in committee. out here we've processed lots of legislation to be part of the managers amendment

jonathan: at some point. [laughter] coming up on our program, david rosenberg, rosenberg research chief economist and strategist, for the real take on what is happening with inflation in america. yields higher by couple of basis points this morning, 1.6 420%. euro-dollar, $1.2054, up about 0.3%. 4190 five on s&p 500 futures. tom: yield comes in nicely. the trend is there. to your point, leading off with the jobs day come of this we have never seen before going into friday. jonathan: how the market responds to that data will be really interesting. a number of weeks ago we saw it with cpi and retail sales, upside surprises. the bond market went the other way. what do the stoxx do? not a lot. we are looking for a massive number this friday. that's only one half of the story. the other half is how the market responds to it. we are going to talk about that, too. from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." ♪ ritika: with the first word news, i'm rick -- i'm ritika gupta. wa

david, thank you so much. >>> joining us now to discuss what we know is jonathan mcdowell, an astrophysicist at the harvard smithsonianng us, sir. i want to ask you about a spokesperson for the chinese ministry of foreign affairs, he said, in part, quote, the probability of causing harm to aviation activities and the ground is extremely low. but the odds are not zero. last year we saw a previous chinese vessel crash into a village in africa. would you trust the chinese with this? do you believe them? >> well, yeah, i mean clearly the evidence from last year is that the probability is not that low, because they tried once and it happened once. so, you know, they're playing the odds, right? and as you said earlier in the piece, probably it will come down in the pacific and then they'll go, see, we told you so. but there's clearly a significant chance that it's going to come down on land. i've just been looking at the latest re-entry predictions, and, you know, we can now say that there are no re-entry tracks in the window that are going over the western united states, but there are some going over the east. and so we're

jonathan: good to catch up. just a flavor of the boom in this country and the market. tom: you see this state to take -- state to state. davidn's conversation, there is a lot in common. montana is different. they move from 11.9% down to 3.8%. maybe they start counting the grizzly bears. do you know where montana is? jonathan: it's up into the left isn't it? lisa: that's brilliant. jonathan: north of london. isn't that the cheat guide for anyone looking at the english map -- england map? from new york city this morning, good morning. euro-dollar 1.2011. we advanced 4/10 of 1% heard a single basis point on the 10 year. more data still to come, the adp report later this morning. this is bloomberg. ♪ >> from new york city and our audience worldwide, this is "bloomberg surveillance." a bounce back up 16 on the s&p. we advanced 4/10 of 1% after the biggest one-day loss on the nasdaq we bounce back there. wasn't it curious yesterday a couple of comments from secretary yellen on rates did more to equities than rates. this is something dani burger looked at. i think it's important. the nasdaq takes it on the chin yesterday. down 1.9%

guests, including lieutenant colonel jonathan conricus, the idf international spokesperson and as well as sally buzbee from the associated press. and also with me, david french, he's been writing about this subject as a senior editor with the dispatch and a columnist for time. but let's start with you lieutenant colonel jonathan conricus, thank you for coming on program. >> thank you for having pme. >> it has been 24 hours, you have able to provide proof now that hamas was in the building? >> not only was hamas in the billing, they were actively using it to fight against israel. they were using the infrastructure as their command center and intelligence center. they had special technological equipment in the building which they used to actively fight and disrupt israeli actions and as such it is a -- as you said in the beginning, we deem it to be a legitimate military target and out of consideration for human life and for the people who work there, we chose to forfeit additional military gains by surprise attacking and instead we did what of course is the right thing to do, advance warning and allowed everybody to clear, vacate the premises and made s

jonathan. >> so my colleague at "the washington post," david ignatius, has an incredible tiktok of what happenedfrantic efforts to get to this cease-fire. i want to put something up here that he writes about how he got in touch with people. quote, in a notable display of independence, biden waited almost a month after taking office before placing his first call to netanyahu. when the crisis began, biden hadn't talked with sisi, the president of egypt, or mahmoud abbas, the president of the palestinian authority. mr. finer, why is it that it wasn't until this crisis that the president reached out to any of those leaders with the exception of netanyahu, i know. >> well, jonathan, i'd say one of the huge advantages, quite frankly, that president biden brings to this job, compared with many of his recent predecessors is longstanding relationships with these world leaders. he is known prime minister netanyahu literally for decades. he had met certainly president al sisi of egypt in the context of serving as vice president. and he has known and worked with president abbas of the palestinian authority

jonathan karl tonight. and jon, this investigation has been going on for more than two years now, but this is a clear sign tonight it's entering a new stage. >> reporter: david, the big picture here is that this certainly appears to be an escalation of the investigation into president trump, former president trump, and his company, the trump organization. this is the special grand jury that will determine whether or not there are criminal charges against donald trump, his family or his company. we have learned that already prosecutors have asked witnesses to appear before this special grand jury, which will reportedly meet three days a week for up to six months. of course, there have been no charges yet in this case, david. we don't even know exactly the extent of the investigation and donald trump has said that he runs a clean company, that this investigation is basically a partisan witch hunt run by a prosecutor who is a democrat. david? >> jon karl with us on the breaking headline. jon, thank you. >>> in the meantime, we move onto the coronavirus in the u.s. and that major milestone today. half of u.s. adults are now fully vaccinated. the numbers tonight.

david spunt at the white house. let's begin with jonathan hunt there in los angeles. good morning, jonathan. >> the deadly battle in the middle east between israel and hamas is now leading to tensions and violence right here on american streets. take a look at this. tuesday night beverly hills and west hollywood pro-palestinian protestors drove around in a caravan of vehicles and as they passed a sushi restaurant according to witnesses began shouting anti-israeli slogans and either throwing bottles or glasses toward some of those dining outside. a group of the protestors then appears to attack the diners. one man picks up a metal pole and swings it at those attacking the group. that man as you can see then pushed against a car, punched and kicked. eric garcetti, the mayor of los angeles said on twitter we as a city condemn last night's organized anti-semitic attack. jewish people should always feel safe in our city. the los angeles police department is investigating this assault as a hate crime and we will respond with the full force of the law. the lapd hasn't made a

jonathan lemire. washington anchor for bbc world news america, katty kay. and columnist and associate editor for "the washington post," davidnt out. we actually went out to a place with people -- >> it doesn't happen much. so we traveled through -- i traveled back yesterday and traveled through airports. huge, massive, cavernous airports without a lot of people in there. you've got to put your mask on. well, okay. the cdc said -- but okay. >> that's all right. people are being careful. >> and in another state, i went to -- you go into one store. you have to have your mask on. the next store, you don't have top so there needs to be some clarification here. and the only thing i've asked all along, i'm a plain simple country lawyer. i just ask the trump administration to follow the science, i'm asking the biden administration to follow the science. >> well, they are. >> they are. now i'm asking the state governors, follow the science, and also people that run their businesses, follow the sciences. i'm not asking for mosh pits inside of restaurants or retail stores, but if the cdc is saying return to normal and the cdc is sayin

david. dave: you keep looking. about 40 minutes from now or so, we will have a better idea if now is the time. jonathant to leave it there, as you to carry on your argument. dave wilson alongside tom keene. if we can pick up and talk about the financial stability report out of the federal reserve yesterday, this comment from governor brainerd. "the archegos event demonstrates the limited visibility into hedge fund exposures, and available levels of hedge fund leverage might not capture risk." one point is this idea that risk appetite could be in charge of vulnerable price action and all of the above. the federal reserve is really shaping risk appetite at the moment, too. there's tons of pushback and a ton of snark, but i think there are legitimate concerns about exec a with the fed was trying to say and who they were trying to talk to when this came out. lisa: there's concern that policymakers are conflating hedge funds and family offices at a time when regulations are very different. this report came under a lot of criticism not just for that, but also for stating the obvious, that if you have risk ap

david went much more to where i was off of amazon's earnings of the investment these faang's are putting into america. they sum it at $250 billion in 12 months. jonathan doubling down and securing their dominance. that has been the story over the last 12 months. those have been the companies with the money due to it. tom: and there is a difference in share buyback and non-share buyback and dividend. but this is a social issue. you wonder, it's got to become a political issue almost like standard oil of another time and place. jonathan: it already is in a massive way. look at the data. tomorrow, cpi coming up in wednesday. retail sales friday. where is your focus? tom: my focus is citigroup published moments ago, saying core cpi really matters. which inflation data should we look at? jonathan: if it is what the fed is going to do or not do, it is pce. if it is cpi, at the moment, here's the estimate. 3.6% year on year. strip out food and energy, year on year is 2.3%. that is a big move lower, isn't it? tom: it doesn't work on radio, but i my doing a good elon musk here? jonathan: can you ask to be what elon is? tom: he went with a bowtie look like roma

david spear. dr. liv quan and dr. jonathan spears and so many others who have just really come together to i think give us the success that we've seen so far in san francisco. we know that while we have good numbers, we know we still have gaps in certain areas, certain communities and neighborhoods and so we're committed to working with our community partners can and look forward to when vaccine scarcity will no longer be. so i'll end it there and try to answer any questions you might have. >> president bernal: thank you, mr. pickens. before we go into commissioner comments and questions, mark, do we have any public comment? >> secretary: folks on the line if you'd like to make public comment on this item, press star 3. no hands up, commissioners. no public comment. >> president bernal: okay. commissioners, any questions for mr. pickens. commissioner chow. >> commissioner chow: yes. i wanted to thank mr. pickens for such a comprehensive report on the vaccine and how the mobile teams are really working and particularly to thank

market watch's jonathan schwartz who have been covering every minute of the courtroom action are here to game which side drew blood. breezing back into the air, airline industry titan david neeleman making, this is unbelievable, his fifth flight into the airline business, created five airlines, and this time it's not new york or l.a. getting attention, why he is betting on the town that walmart, the football hall of fame and mardi gras reside in. and we look at the s&p once again losing steam today just about the same time that bitcoin began to nose dive once again after a tumultuous week for cryptocurrencies. bob doll is here to tell you what to do to position yourself to ride out the markets and cryptos' ups and downs. even if you don't invest in crypto, there now an undeniable correlation between stocks and digital coins? breaking news, the entire tech world glued to their devices watching the trial that may redefine the u.s. antitrust landscape. apple shares down about 1% right now. apple bringing out the top gun ceo tim cook today in federal court in oakland, california. no cameras allowed, that's why we're showing you court photos here, court drawings. he is still

, but as david kostin said, looked down at margins, look at the quality of capex and investment, and that is where you get people going from 3800 to 4000. maybe going from 4200 to 4600. jonathanlet's bring in matt maley, miller tabak chief market strategist. the data at 8:30 eastern time. do you still think we are underestimating the price pressure? matt: yes we do. one thing we may be a little care for off -- a little careful of is a lot of these commodities are getting incredibly overbought. copper, some of these things, they are probably going to come down at some point on a purely technical basis. that might if some people some relief that inflation is really not a big deal. but i totally disagree, that will be a head fake because inflation will do nothing but go higher. you look what happened before the pandemic. we had record levels of debt around the world, not just in the u.s. since then, the debt has exploded even higher. when we have a situation like that, you only have two ways out. it is default, or you can inflate your way out. the fed knows it. as bad as inflation can become a default is much worse. so those thinking inflation is going to be transitory i don't t