. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: from new york and london for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. on this payrolls friday, 90 minutes away from a stale november payrolls report. for this market, it doesn't matter. tom: i've never heard carl riccadonna as i heard him 15 minutes ago. he said simply, this doesn't matter, and december could be green. -- could be grim. jonathan: the markets are looking at the data in the second half of 2021, not 2020. tom: jon will get to the data of a market lifting and all of that. this ecb announcement a bit ago is buried, and i'm sorry, it just sets up the theme of extend and pretend into 2021. they are going to extend bond buying forever and ever. it is central banks to the rescue. jonathan: the ecb wants you to focus on the duration of the bond buying program and not the size of the package they might announce this week. that has been a big push

with tom keene, jonathan ferro, and lisa abramowicz. jonathan: from new york worldwide, this is "bloomberg surveillance." i am jonathan ferro alongside lisa abramovitz. tom keene is a way. he will be back tomorrow. the lustful trading week of 2020. lisa: don't say that, it will jinx everything. there are deadlines to be talking about we get to talk about. exit again. topics.r favorite jonathan: 50 seconds into the show, you want to bring in the b-word. [laughter] lisa: we are back to that question yet again, not only with brexit, but also with respect to fiscal support in washington. the more things change, the more things stay the same. jonathan: yes, we have to deal with the reality of what will take place this week. the data. later this week, retail sales and initial jobless claims are important understand the direction and the trajectory this economy is on. just as effectively since begin, vaccination start. how much pain before we can roll this out in a big way. lisa: yeah, the idea of the here pain.w the a lot of today, lawmakers a

jonathan: i saw some of the cooking. lisa: the ferro method. tom: they forced me to come back to work. here, let me hold the door for you. goodbye. jonathan: and then kick you out. [laughter] futures negative 0.25%. from new york this morning, good morning. this is bloomberg. ritika: with the first word news, i'm ritika gupta. the u.k. has become the first western country to approve a coronavirus vaccine. british regulators have given emergency authorization to the shot developed i pfizer and biontech. the two companies have said there vaccine is 95% effective in preventing the illness. it will be available in the u.k. starting next week. president biden won't quickly end the phase one trade deal with china. he told "the new york times" he first was to conduct a review of u.s. policy with beijing. that will include consulting with key allies. biden also said he would not make any immediate moves on tariffs imposed by president trump. in hong kong, activist joshua wong sentenced to more than a year in jail for leading a protest outside police hea

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: from new york and london, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. with equity futures going nowhere, we've got to get serious off the top. this equity market has been setting record after record over the last month. this pandemic is setting all of the wrong kinds of records in the last 24 hours. tom: what is interesting is the microanalysis of france or germany. interesting conclusions. here's what matters. hospitalization capacity and the number of deaths is front and center for the pros. jonathan: and for market participants, desensitized by the numbers, conditions by the experience of earlier in spring. markets -- that if that markets go up, and if they policymakers step in. tom: it is real simple here. yes, all of that is true, but .lso noted, a society adapting stimulus may be, the adoption of a set of vaccines, but also corporations adjusting

tom keene it, jonathan ferro, lisa abramowicz. jonathan ferro has stepped away. he left, and myself here to hold down the fort. tom: life is so much easier. lisa: for him or for us? tom: both. lisa: the news was encouraging out of congress with the stimulus package getting past. today, the news is grammar. a grammar pandemic, a grimmer. you can see that throughout the morning. tom: it's been agonizing, particularly for the people of the u.k.. don't meet indoors on christmas day. that's what this has come down to. the ramifications include futures. this raises a question about inflation, the fed printing all this money. thisig question it, will cause inflation? not necessarily if there is a pandemic. that could drag on longer. we have to say masked and distant. tom: the real yield was horrific two hours ago. now, -1.05. that's lower by two basis points. that is much worse a number of hours ago. lisa, what gets your attention? lisa: i've been looking at the dollar. this is one of the big consensus calls. you saw it strengthening since march. this is going back. giv

alongside tom keene and lisa abramowicz, i'm jonathan ferro. with equity futures positive, the story in this market, euro-dollar taking a little look $1.22.dollar $.22 -- at tom: to me, the real story is yes, euro moves off of euro pmi data on the manufacturing economy, but far more it was a jump condition worldwide, seeing the renminbi come in. showingright now strong yen. to me, it was the aggregate. the dxy, the bloomberg dollar index all congealing to a jump condition, weak. u.s. dollar -- weak u.s. dollar. jonathan: it all takes us to chair powell in a news conference later this afternoon. what are you looking for? the december meeting as a snooze fest. there's a bonus round this year. this is not a snooze fest. it is going to be quite interesting how he frames what they are going to do, given vaccines and given a slowing economy. the other issue is we got powell, we've got juergen, and we got jose. there's a small destruction going on during the fed press conference. jonathan: it took you two minutes. for our audience, this is what is goi

. >> this is bloomberg surveillance with john keane, jonathan ferro, and lisa. nathan: good morning, good morning, to the second hour of bloomberg surveillance live on bloomberg tv and radio. alongside lisa i'm jonathan. tom keane taking one final day off. this market ripping through the month of november, adding weight to the rally this december. lisa up 1% on what? nothing it seems ahead of this testimony with chairman powell and secretary ma nuche chin. lisa: tom keen is so upset he's still in triple leverage all cash funds had he to take the time out to start his own cooking channel on twitter which is what he seems to be doing over the past few days. there is a question how much good news is baked in. we have gotten some news about vaccines looking for approval. yet at this point, you have raised this again and again, john, how much scarring is there from record numbers of cases of covid, as well as hospitalizations. the numbers keep breaking all time highs. jonathan: the numbers aren't going to be great the next couple months. that's a given. i don't know h

for viewers worldwide, i matt miller in for my good friend jonathan ferro. to the open starts now. we begin with the big issue. another stalemate unfolding over increased fiscal eight. -- fiscal aid. mitch mcconnell blocking and burying attempts to increase payments despite pressure from his president. trump tweeting "unless republicans have a death wish, and it is also the right thing to do, they must approve the $2000 payments asap. $600 is not enough." chuck schumer also pointing the finger at mitch mcconnell. senator schumer: the vast majority of republicans and democrats support $2000 checks. an overwhelming bipartisan majority in the

alongside tom keene and lisa abramowicz, i'm jonathan ferro.g up on the open, bank of america securities had a timely conversation with bloomberg in the next hour. you and i have one show left together after this one. tom: they got me medicated. you should stay around, because if you ever come back to new york you will want the first six months free, right? jonathan: i will be watching the first six months free. they are offering a 14 month contract with two months for then you brokers, and get that lower rent for 14 months, snap back to normal may be in the spring. tom: have somebody in your entourage take notes here. we have mitchell roschelle. founding partner on macro trends advisors. mitch, i have commercial questions, residential questions, but let's pick it up with young jonathan ferro here, how desperate are they to rent units in these big pandemic cities? mitchell: i would not say it is desperation right now because i think demand is starting to leach back into the market. at lease they are making progress. months ago, i think they fel

alongside tom keene and lisa abramowicz, i'm jonathan ferro. with your equity market adding to the record highs of the close on the s&p 500 and the nasdaq, we had dents -- we advanced 0.15%. somehow we are making progress down in d.c. i hear a lot of noise. i since very little progress. tom: as you know, the news gets made in the late afternoon and into the early evening in and there is no talk of a single $600 check. i don't know you how you sell that to a huge part of america flat on their back. deutsche bank reemphasizing at all in 12% unemployment rate. jonathan: different sounds, same story. that is the issue down in washington now. same issues, liability protection, state aid. leader mcconnell saying let's put those two points aside, agree to what we can agree on, and revisit those in early january. whether theea democrats will come along with that right now. it doesn't look like it. tom: that is the split of the nation. movement.you see the this market is moving so fast for the elites, for the haves of america. years hasime in 14 sentime

tom keene and lisa abramowicz i'm jonathan ferro. at all-timearkets highs. once again we are playing deal or no deal down on capitol hill. in the washington there was a shift for those of you waking up in america, what you knew at 4:00 p.m. or 5:00 p.m. yesterday is gone. there is a real stalemate. talk of a partial shutdown from the dakotas. brexit,ke breaks it -- they will work all through the weekend. jonathan: there will be consequences if they don't make a deal in the united states. through the weekend they go. trying to hash out a deal on funding the government and sticking with a massive relief plan. that relief is very much needed. we have seen the economic data through december. tom: i think we really need to recalibrate. . thought we brushed it over .laims were almost 900 million we can't say, 230, enough about how out of whack the labor economy is versus what normal was four quarters ago. that is pretty dreadful. tom: the problem is i'm thinking about the conjunction of saturn and jupiter. this was on monday. jonathan: don't question it. lisa: sho

alongside of vocal tom keene, i'm jonathan ferro. ming up, kate moore of blackrock will be joining me. li's life has changed. it is interesting to hear that. hong kong 2021, what does that look like. jonathan: it has changed a lot this year. lisa: have any more days? three? tom: he is counting the hours. counting down. jonathan, go away. lisa: the real calendar. jonathan: three more days left for jonathan in 2020. tom: the s&p up 25, dow futures up 1.60 -- up 162. we will do what we love to do with barry ritholtz and that is rip up the script. you can do that with him. his podcast a been interesting. barry, there was a young child at st. paul's in concorde whose , but whatayed cards she did was turn the cardplaying into a lifework, and the book we were just talking to gershon distant felt about, you interviewed her about poker and about our behavior. this is the year where we need ms. duke to tell us how to behave into the next year. what would she say? barry: probably the single biggest take away i got from the book was what she desc

jonathan: what are we doing? lisa: jon ferro going fully existential. nathan: we should all just cover a different story simultaneously. tom: of course. it's entertainment. other.lk over each that's the pitch. we haven't signed off on it yet. they keep letting it happen every day. i don't know if that is tacit approval. this is bloomberg. ♪ 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 $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store. jonathan: honestly, the things i have to deal with on the show in the commercial break. tom keene asking me about "love island." equities pulling further back from all-time highs in the s&p 500. had nasdaq

>> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. nathan: from new york and london, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity futures up 20 on the s&p 500. we advanced 0.6%. new york city, the state of new york, governor cuomo with a warning we could be heading for another lockdown. tom: some real caution here. for our worldwide audience, cuomo and de blasio barely on speaking terms, but they were on the same page yesterday about the seriousness of getting to 300,000, and the extrapolation i did off the bloomberg terminal this morning where 400,000 has modeled out in the vicinity of the third week of march. those are frightening numbers for all. jonathan: let's talk about the good news of the vaccine. one vaccine in the mix already being rolled out in the united states. maybe moderna joins the rollout in the coming days and weeks. tom: greattom: to see that nurse yesterday having the courage to be the

alongside tom keene and lisa abramowicz, i'm jonathan ferro.he adp report rubbing across the bloomberg in the last couple of moment. here's the number. 307. it was 365. an upward revision 2404. so 300-7000. big downside surprise -- so 307,000. big downside surprise. but it has not been an indicator of payrolls. the payrolls estimate right now is 486,000, a deceleration previously. tom: jobless claims always important, and they have really compressed down to a key point. that will be a talking point for us tomorrow on radio and television. right now, julie norman joins us. an expert on all sorts of issues of distress in politics. one of those is her study of activism. professor norman, thank you for joining us. on the president-elect, liberals , i guess they are called progressives now, and the idea of activism. what is the activism this president will face? julie: i think that is a really good question. i think we will see different kinds of rushers on biden from both the left and the right. we know that there will be pressure on biden to move

. -->> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: from new york and england, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. with equity futures down 23 on the s&p 500, in the united we start an immunization program what the world has never seen before. tom: just extraordinary. i assume the ferro family is locked up, ready to get the jab in the arm. what a set of goosebumps when you realize a gentlelady going on 91 years old lines up as the first brave soul, and then william sykes. -- william shakespeare is the second brave soul. it is absolutely poetic. [laughter] jonathan: reportedly, the second individual to take the second vaccine in the united kingdom was one william shakespeare, 81 years old. sometimes you can't make it up. be confusedmight this morning as to whether you are joking or not. tom: how did the united kingdom get out front on this historic moment? jonathan: an independent regulator did t

larry kudlow will be talking to jonathan ferro.rg. ♪ this is bloomberg. ♪ ritika: this is "bloomberg surveillance." i am ritika gupta. reportedk, carmakers their lowest november sales in 12 years. registration plunged 27% from a year ago. caseser of coronavirus soared. the administration is accusing facebook of discriminating against american workers. the justice department said the social network designated thousands of positions for foreign workers with h-1b visas. shares of china's third-largest oil company fell to its biggest weekly lost since the oil crash in march. the pentagon added the company to a blacklist that exposes firms to heightened scrutiny and intentional u.s. sanctions. the move is likely due to companies drilling for oil in the south china sea. francine: thank you so much. we continue to track the virus. bloomberg -- vaccine with the u.k. earlier this week. there were questions from dr. fauci in the u.s. as to whether they had been too quick. your thoughts on that? >> the data that was submitted to the u.k. and

. -- in ford jonathan ferro.nning down the clock. pushing forump higher stimulus checks, upending a long-sought bipartisan compromise over a 900 billion dollar pandemic relief bill. democratic leaders seizing the opportunity, urging congressional republicans to agree with their unanimous noonnt for $2000 checks by today. the stakes are really high, with stocks and data revealing an economy limping into year-end as the virus spreads. dr. fauci: i said and i still feel that way -- i would not be surprised, given the prevalence of this in the u.k., that we already have cases here at a low level we have not detected yet. lisa: state and local leaders fearing another shutdown could wreak havoc on businesses

>> this is bloomberg surveillance, with tom keene, jonathan ferro, and lisa abramowicz. jonathan: good morning. this is "bloomberg surveillance" live on tv and radio. alongside lisa abramowicz, i'm jonathan ferro. tom keene will be back with us tomorrow. a vaccine approved in the united states. there are several. vaccinations begin. how many people can we vaccinate and how quickly? lisa: and how much is priced in? market seem to be cheering everything. is it do not fight the fed, do not fight fiscal support, or do not fight the herd mentality? jonathan: in the s&p 500 we had some weight, up 31 points. the s&p 500.% on into the bond market, yields higher. the curve is steeper, up three basis points on the 10 year. s, 1.67.ar yield before you bury your head in the sand of 2021, we have to finish out q4, we have to get into q1, germany going to hard lockdown. london going into the strictest tier in the u.k. of restrictions, it will be a tough time for this economy, not just in europe but we saw in the united states the wrong kind of upside surprise on jobless claims. retail

i amside tom keene, jonathan ferro. lisa abramowicz taking a long weekend.wait to this -- weight to this, down around three quarters of 1% on the s&p. the euro-dollar, down about 1/10 of 1%. look the pound sterling. we will not talk too much about brexit. but session lows. the prime minister speaking to a broadcaster here in the united kingdom, sky, says it is likely to leave without a deal. tom: cut to the chase. hereis the "so what" versus two years ago, three years ago? jonathan: it depends on how well businesses are to deal with it. were prepared, maybe they struggle a bit. they were not prepared, crash out and start to see the negative consequences. there will be negative consequences on both sides of the channel, not just in the u.k. but across in europe as well. tom: one of the things we agreed on in march was we would speak -- the good work of imperial college, washington state, -- the university of washington and their microbiology. and then there is the math of it all. the math really, really matters right now. out of the acclaimed kansas math prog

jonathan ferro, lisa abramowicz, and tom keene all have the day off.itharol massar, along matt miller. it seems like everything is just fine. it is like record after another record. certainly we saw that in the u.s. yesterday. yet, those virus headlines remind us that we are far from being out of the woods here. matt: absolutely. the vaccine is really one of the top stories here, but it has got to be that story overtaken by what we see going on in the equity indexes right now. the ftse is gaining more than 2%, 140 points. it's the first day of trading for the british and expert because they had yesterday off for the very british boxing day holiday. it is the first day they have traded since the trade deal was done. other than that, on this side of the atlantic we are focused on getting those vaccines out as quickly as possible. i know on your side, you are focused on the possibility of $2000 stimulus checks as something that leaves the senate . certainly -- that leaves the senate, certainly the republicans in the senate in a bit of a dilemma. carol: we

tom: jonathan ferro, lisa abramowicz and tom keene on bl

jonathan ferro is still reading, on page 4300 when he won. looking to see if anything was in there for ac milan. i hear that your red sox got blessed. tom: $6 billion. they told me this morning, not a chance. the yankees got $7 billion because of senator schumer. [laughter] lisa: the mets got a lump of coal because they are not doing so hot. tom: you've got that right. lisa: what is notable to me is the lack of reaction to this bill. it was baked in. people are looking forward to potential he what comes next, if there is an additional round of stimulus that could be in the works, and whether it is even needed. tom: we will have to see. i mentioned steve cohen of the new york mets. sry to join us this hour. just reporting on the european update at the imf i love this. the 2020 discussions on, nero area policies, what -- on euro area policies. they've got a problem in europe, and it starts with an 8.3% slump and only a 5.2% rebound. do the mass. that's not good. lisa: the concern, the euro area is at risk of a slower recovery than what we previ

alongside tom keene and lisa abramowicz, i'm jonathan ferro.ive from new york and london on bloomberg tv and radio, your payrolls report 12 minutes away. the median estimate, 406 2000. equity futures up 11. looking for a new all-time high. the euro-dollar just off the $1.2157.2020, the break again in 10 year treasury yields, up another two, 0.9228%. tom: at j.p. morgan chase, james glassman has been a distinguished career speaking to jp morgan clients, business is small, medium and large about the state of the economy, and best of all, dr. glassman has listened to them. they be now more than ever, it is good to speak to jim glassman. what are you hearing from jp morgan clients? dr. glassman: what i am hearing is very mixed. this is a charles dickens year. some people are doing really quite well. others are struggling. the guys that are struggling, you know. the bars come of the restaurants, the air travel system. the guys not struggling are in real estate, consumer, capital spending projects. i think everybody is a little baffled because from t

tom keene jonathan ferro, lisa abramowicz all off today.et's take a quick look at the top stories in the markets. i think really the $2000 stimulus check is still the biggest story for investors. it seems like that is what is driving us to ever new highs. carol: investors excited about the prospect of maybe some consumer spending. wehink global support that are seeing, whether it is central banks around the world, has really provided a bottom to the markets. a quick check on how we are setting up on this tuesday, expect it to be light trade. it is a holiday shortened trading week in the united states and elsewhere around the world. s&p futures just up about 15 points. you've got the euro at $1.22. yielding 0.9ote 4%. we continue to see records on major equity averages. we certainly side in the united states yesterday. matt: absolutely. ,e see really big rallies here like on the ftse. the first day of trading for the ftse since the brexit deal was delivered. that happened on christmas eve. of course, london was close for trading christmas da

alongside tom keene and lisa abramowicz, i'm jonathan ferro.roach a stimulus deal in washington we need to look at economic data out of the united states. that dropping in just a moment. michael mckee standing by. michael: we are waiting for the retail sales advanced report. heavily revised. we are expecting a headline decline and that is what we get. down 1.1% in the headline for november, the forecast was for a .3% decline. we are also waiting for the revisions. that will be important in terms of try to figure out where spending is for the fourth quarter. and -- waiting9% for the control group numbers to come out. the biggest issue for the numbers seems to be a decline in gasoline prices. we knew there was a weaker car sales number for the month. that is what we are waiting to find out, where the control group comes in. down .5%. that is not good news. the control group, you strip out andding materials, autos gasoline and you're left with what goes into gdp. a .5% decline is not good news. there were some people expecting a decline because th

withmberg surveillance" tom keene, jonathan ferro, and lisa abramowicz. jon ferro managed to get another day off. i will say, he evidently is getting vegetables from the shipment that is now coming across. tom: the vegetables are coming in from angela merkel, lufthansa sending incongruent planes -- ascending in cargo planes to london to provide the vegetables. lisa: we are getting some shot of optimism in the market's. yesterday, the bombshell president trump dropped on twitter was notable to me. i thought it would have a negative effect on markets, the idea that he was potentially going to veto the $900 billion to millis plan. it had no effect, other than to keep things took a long long -- billion stimulus plan. it had no effect, other than to keep things chugging along. what is that about? is 8:30,early morning as the first cup of coffee, and you really don't get going until 10:00 a.m.. i am serious, lisa. you are going to see a massive recalibration coming across the morning. i know kevin cirilli and david westin are really on top of that story, includi

jonathan ferro, lisa abramowicz, and tom keene all have the day off., along matt miller. it seems like everything is just fine. it is like record after

lisa: jonathan ferro is ready for 2020 to be over. jonathan: i'm ready for the brexit negotiations to be over. everyone is ready for 2020 to be over. sterling, starting the day with a one pleat -- 100 and 34 handle. coming up later, jc draw ho of ubs. >> i'm richter cooped up. getting on board with a bipartisan 908 million dollar package for coronavirus relief, they told fax -- fox news that that they are a member of the group pushing the measure. reports, rudy giuliani has been hospitalized with covid 19 in washington. he is reportedly getting great care and feeling well. giuliani has been leading the efforts to overturn the results of the election. in china exports jumped the most since 2018 to a monthly record high, underlying how global pandemic goods export is helping the chinese economy rebounded. another blow to the ute -- ,tature of new york city goldman sachs is planning to move to south florida, operating remotely, they persuaded leaders that they can move the jobs out of new york to save money. and this week facebook will be

alongside lisa abramowicz, i'm jonathan ferro.udience, for our worldwide, heard on bloomberg radio, seen on bloomberg tv this monday morning, equities are pulling back just a little bit. this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups. work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrai

it is no longer jonathan ferro's birthday there.verywhere else in the world still is jon ferro's birthday. carol: probably just like he likes it. fireworks for him wherever he goes. how great is that? it,: now that i think about he has grown up with fireworks that celebrates his birthday. what a spoiled bald man. we wish him well. a good friend of mine, of course. i will change into my blue suit when it is time for the open in tribute to jonathan ferro today. happy new year to everyone in sydney and audiences around the world, great to be with you today. carol: great way to bring in the new year, at least over in sydney. we will see that around the world. us, things change overnight. there is something about seeing that, that gives me some hope in terms of 2021. we could deal with some of the problems that have been hanging over us. it is kind of crazy when you look at the market trade. it has been quieting down throughout the week. we are seeing markets ending this tumultuous year on a quiet note. you have global stock indexes hold

i am jonathan ferro, lisa will be back monday.g up around 15 minutes time. -- the president of queens college cambridge, that is coming up shortly. tom: i'm sure they wil the, we see in europe. the drama now is in washington and it isn't supported -- it is important to speak with anna edney. someone has to read the document put out by the fda yesterday which goes into what the advisory committee is doing. adult,details with any anna edney joins us. what does the media not capture about the distinctions the advisory committee is struggling with? committee andsory up footing yesterday -- ended up voting yesterday that the fda gived get -- should authorization to pfizer for their vaccine. that was a recommendation to the fda. everyone wants them to do that now. tom: you know that. everybody -- you nailed it. to the dumb people like me, what the pros say about the initiation. 4-1, what doitem they say or what is there optimism about the dosing regime ? it 22 shot, you get one shot and you have to go back three weeks later to get anoth

tom: jon ferro, jumping on the importance of this game in london. jonathan have to let him go, but let me say thanks to kit. kit shoots of socgen -- kit juckes of socgen. this is north london darby between -- you pick a side between -- north london resident ckes has picked arsenal. over the years arsenal has come out on top in league position. competitive.r more doing a lot better than lisa's arsenal. lisa: really? tom: that helped a lot. grinlisa into the ground. does there need to be a coaching switch at arsenal? lisa: i just know i picked a losing team again after all of the new york teams. tom: you picked me and john. that is enough said. [laughter] jonathan: it is our anniversary coming up. when we do this, we are only doing this for you. audience, just for you. tom: there is an audience? jonathan: i hope. i think it is tomorrow. there's a picture of me throwing a punch at tom somewhere. from london and new york, this is bloomberg surveillance. ritika: with the first word news, i am ritika gupta. president trump is expected to sign a bill that could lea

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. good morning, everyone. bloombergmulcast on radio, bloomberg television. jonathan ferro is off. he's on tier seven lockdown. vegetablesgetting airlifted in, i hear. tom: vegetables, you say. he, was i corrected this morning off the london desk. there's news there. france i guess blinked, and they are to make the trucks go across the channel. merkel is going to do a lufthansa plan. i think it is unloading christmas gifts. lisa: of course. you are hoping to get one of them. tom: but there we are. it has been an extraordinary day. if you are just tuning in, it is real simple. theing else going on in markets. everything is focused on one of the most historic four minutes in the history of this nation last night. we will get to the president and the stimulus in the morning. what do you have lined up for today? lisa: we will be talking more about that twitter post where president trump said he was not happy with this fiscal support bill that was passed. the data dump that we are all waiting

good morning, alongside lisa abramowicz and tom keene, i'm jonathan ferro.ss claims about one hour away, they have been heading in the wrong direction in america the last couple of weeks. in the bond market yields up by about a basis point. in g10, some of these going back to spring, 2018. talk andhe happy synchronize global growth. euro-dollar, 122.38. 136 handle on cable. is the equity market up another 5/10 of 1%? up around 19 points with the s&p 500. might see a record high at some point later today. tom: no question about that. we really haven't seen that big move yet. 22.05. center.rilli front and i think this is very simple, what will you look for in the next eight hours? kevin: stimulus and in terms of the bottom line what is in the stimulus? you have to try to get inside of the mind of the negotiators of this bill. fort mitch mcconnell, even if liability protections are not in this go around he understands this is not the final whack at the issue of liability protection. he feels republicans will have more leverage in the next round of economic stim

i am jonathan ferro. we are minutes away from a press conference in frankfurt.ity futures just doing a little soft much of this morning. down about eight points on the s&p. euro back through 121. 121.08. i treasury market giving up some of the gains of this morning. yields down a couple of basis points. now down just one. 500he ecb does as expected, billion euro increase to the package and the duration extended into march of 2022. tom: i agree but is nevertheless to see the headlines on the screen is always a shock, even if you know they are coming. we will digress to this horrific pandemic. lawrence gostin is one of the nation's true expert in public health law. he's at georgetown and is definitive. ask if we lostto it. we all know in individual story, an individual recovery. mayor giuliani leaving the hospital yesterday. a tragic single death. then we tried to encompass 3000 people in one day. how do you keep perspective in this pandemic? lawrence: what a great question. it is hard. and thinktep back this little microscopic organism that a matter of weeks and

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. good morning, everyone. a simulcast, bloomberg radio. good morning nationwide come around the world. good morning, bloomberg television. extraordinary volatility yesterday gives way too red and green on the screen for equity markets. 24.vix 31 comes into something like 1900 round dow points yesterday. lisa, what was great earlier is how we have come back, how we have rebounded so quickly. lisa: was it a viable dip? the answer, yes. what it really highlights is just the momentum is pushing towards further gains despite some concerns about the moment we have already seen. tom: our most important conversation of the day not about finance, economics, wall street, all of that. with the guy that runs a port of dover -- the port of dover in southeast england, all of that trauma of trucks lined up back to canterbury, back to jon ferro's coventry. there is a confidence, maybe not on brexit, but at least adding a lockdown united kingdom straightened out. lisa: given the fact that we are less th

alongside tom keene and lisa abramowicz, i'm jonathan ferro. this is bloomberg. ♪ ritika: with the first word news, i ritika gupta. the trump and adminstration is making its first move since election day to break a long standoff over a coronavirus relief package. treasury secretary steven for $916 plan calls billion in spending that would include aid to the states and liability protections for business. house speaker nancy pelosi called it progress, but said it shouldn't disrupt negotiations that are already underway. , the government has an ambitious plan to vaccinate must americans by next on our -- by next summer, but rests heavily on two shots, astrazeneca and johnson & johnson, which together would provide up to 200 million doses in the first quarter. the u.s. supreme court has dealt a sharp blow to president trump's effort to overturn the election results. it rejected requests by some of his allies to overturn joe biden's victory in pennsylvania. the decision came in a one sentence announcement and didn't say whether any justices dissent

tom keene, jonathan ferro, and lisa abramowicz have the day off. i remember in holidays past, it would be very quiet. there has been so much going on between brexit wrapping up, another pandemic relief bill here in the united states. we are seeing lots of individual stocks hitting records. we are watching things like apple. we have been watching bitcoin hit records. so it has not been a quiet holiday week. matt: not at all. typically the european union does like to wait until christmas, new year's to get things done. iremember the euro crisis, was working late on new year's , waiting for a resolution to that. , wes true that in the u.s. have historically been more sensible about the year-end holidays, and that has not proven true this year. when i see we, i made americans, of course. not sensible at all. waiting until the last minute to sign things. a lot of unemployment benefits being derailed for millions of americans. now, so fascinating to watch mitch mcconnell go directly against president trump's wishes and shoot down the $2000 stimulus check

jonathan ferro is off. how will we survive question --? . we will have to do more data checks and talk about the real yield. lisa: we will be waiting for someone to rain on the fed. it's been an extraordinary 24 hours. we will give you more data checks through the morning. and the concept of united kingdom that is shutting down, we've been doing this all morning. thank you to paul. lisa, your thoughts on the medical interviews we heard this morning. lisa: there is an uncertainty here. there is a belief that the vaccine will also prevent against getting this new strain of the virus, which is more contagious but not different. there is uncertainty about how weekly it spreads. we don't have the sequencing. i'm not an expert. i don't want to speak out of turn. added to thishas unease that markets have gotten past themselves, gone too far too fast. this morning, they are taking stock of the now. lisa: the jump conditions of two we have come at it a little bit. we will frame the data for you through all of bloomberg surveillance this morning. are

>> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz.dm london, good morning. this is "bloomberg surveillance" radio. bloomberg tv and tom keene with me. lisa abramowicz taking the weekend off. another uncomfortable 24 hours for the global economy. jobless claims in america going the wrong

coming up, after the jobs report, jonathan ferro in a conversation with mr.udlow of the white house. liftis bloomberg futures, up 11. ♪ ritika: this is "bloomberg surveillance." i'm ritika gupta with your bloomberg business flash. it turns out pfizer scaled-back targets earlier this year. problemsaker ran into getting all the materials it needed to produce the vaccine on a large-scale. now it estimates it will make half the amount. it is a dramatic change that shows how much the coronavirus is streaming, disrupting hollywood. warner bros. plans to release all of its theaters -- all of his movies next year in theaters and on hbo max at the same time. mc plunged 16%. wall street is on the verge of a relaxing anti-money laundering requirements. congress has tucked the measures away in the upcoming defense spending bill. it could ease banks from compliance burdens. legislation would bar anonymous shell companies to launder money. that is the latest in bird business flash. francine? francine: thank you so much. this is what the markets are doing. a lot of the focu

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. >> from new berlin , for audiences worldwide, a very good morning. this is "bloomberg surveillance ," live on bloomberg tv and bloomberg radio. i'm carol massar, alongside matt miller. jon ferro, tom keene, and lisa

jonathan ferro not to be seen, i

. >> this is bloomberg surveillance with john keane, jonathan ferro, and lisa. , good morning, to the second hour of bloomberg surveillance live on bloomberg tv and radio. alongside

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. oft: what an all-star cast investors and economists. unfortunately, the stars of this program, tom keene, jon ferro, and lisa abramowicz are off. carol massar and i here to keep you company on this monday morning. ryding there at the .nd with his santa claus cap on i think the most important comment is, and we're hearing a lot today about the v-shaped recovery, it is not going to be a v-shaped recovery for everybody. some people are going to see things bounce rate act. or some people, nothing ever changed. for some people, a short, sharp shock. carol: we talk about this over the past few months. a big majority of americans didn't even have a few hundred dollars for a big bill that came up at some point. it is just a reminder of how on the edge so many americans unfortunately are living. it reminds us of the inequities that we are seeing in our economy. we talk about the k-shaped recovery come over so many have not felt necessarily the economic impact of covid, but there are so many th

jonathan ferro and lisa abramowicz are returning in the new year. what are you focusing on? maybe perhaps exit finally done? brexit finally done? matt: i'm putting that way in my rearview muir. mirror.iew parliament passed it less than 24 hours ago before the deadline. who would've expected anything other than that? today --focus for me it has been on bitcoin. we crossed another big round number, 20 $9,000 for bitcoin. what does this mean? i was looking at a fed chart and i'm curious how much money the fed has added to its own balance sheet. boosted by 75% in 2020. the fed is not alone. central banks around the world have been adding liquidity. that is one of the reasons you see this incredible rise in bitcoin. we saw it again in 2020. so much money pumped into the system because we needed it to be that way. many differento investors to seek out deals. it has been going into all different kinds of assets like bitcoin. it is up something like 50% in december. moves like that. at the same time, some people like in bitcoin to the new gold. track for a banner year. had a few bus

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz.ryone. "bloomberg surveillance." we welcome all of you on bloomberg radio, bloomberg television. a christmas eve simulcast. all of the bloomberg world getting ready for santa to make a visit. no one more than lisa abramowicz , who joins me here on christmas eve. just to start with the basic truth, this is the oddest