jonathan head, thank you, jonathan head in l head, thank you, jonathan head in bangkok.of the grenfell tower fire has told tower fire has told the official inquiry that governments concealed the extent of risks to building safety, and it should be seen as one of the "major scandals of our time". 72 people died injune 2017 when the tower block in west london caught fire. our home affairs correspondent tom symonds reports. there had been warnings of what might happen. a fire in knowsley on merseyside. another in irvine, north ayrshire. and a third in southwark, south london. eerily similar — flames spreading up the outside, lives put at risk, lives lost. but, did the government and other public bodies spot the risk? take action? that, and much more is what the grenfell inquiry will investigate in its finalfive months. this inquiry is not a game of cat and mouse where core participants might hope that their witnesses might smuggle something past counsel the inquiry or that counsel to the inquiry might miss a trick. core participants including the government and other indust

jonathan head, bbc news, bangkok. >> finally, to the kindness of strangers.oman in aberdeen in scotland who witnessed images of thousands of people fleeing their homes in afghanistan this summer was so moved by their play that she decided to step in and help. she has given a flat for free to a man who worked as an interpreter for the british armed forces and his family. we have the story. >> i am so pleased to meet you at long last. >> kindness out often -- kindness often repeats itself. sometimes it takes only one person to change the lives of others. >> i am pleased to meet you. i am so pleased to meet you. >> when kabul collapsed, we were left behind. >> we first spoke to the former interpreter for british forces when he was hiding in afghanistan, fearful for his life. a day before the suicide bombing at the airport, he risked the trek there and managed to get himself and his family out. how are you and your family doing? >> we are ok and safe. >> reports about him resonated. 75 years ago, another british army interpreter was given refuge from germany. hel

our south—east asia correspondent jonathan head explains. its giant neighbour, china. an opportunity to demonstrate the friendship of two communist run states. —— 21st—century rail technology. translation: it is an achievement, _ technology. translation: it 3 an achievement, transforming community security trust from a landlocked country to a land linked country.— landlocked country to a land linked country. chinese media has been giving _ linked country. chinese media has been giving this _ linked country. chinese media has been giving this project i has been giving this project extensive coverage. a new milestone in xijinping �*s initiative. it extends its influence and technology around the world. china hopes this railway will eventually join others. chinese built, of course, planned for the rest of southeast asia although not all countries have welcomed this expensive kind of investment as eagerly as laos. laos badly needs better transport infrastructure but is this new high—speed railway the answer? thinly collated and with low incomes,

jonathan head, bbc news, bangkok.shire's interim director of cricket. having spent 15 years at yorkshire during his career, he says says he wants to play his part in rebuilding the club. 16 members of the coaching and medical staff left yorkshire last week after a report found former player azeem rafiq had suffered racial harassment and bullying. mel brooks, one of the great legends of hollywood — the man responsible for films such as the producers, blazing saddles and young frankenstein — is now 95 and he's just written a comprehensive autobiography called "all about me" which chronicles eight decades of life in entertainment. he's been talking to the bbc�*s alan yentob. i know the word can be overused, but mel brooks is a legend. a movie legend, a musical legend and a comedy legend. oscars, emmys, baftas, tonys, grammys. he's won them all, many times over. # springtime for hitler and germany... mel brooks was fearless. he broke every rule. but he kept to the ones for lockdown, even telling his son max to go away. i'

jonathan head has more from bangkok.s an extreme response to covid, yet nearly all countries in southeast asia did adopt a version of it, effectively sealing themselves off from the rest of the world for around 18 months. malaysia still isn't accepting any foreign visitors. vietnam has onlyjust started to open up a little bit a few tour groups from japan and korea. and here in thailand, where they had been struggling to revive the once massive tourist industry, they have been cautiously easing restrictions, like mandatory quarantine, just over the past two months. now a new and highly infectious variant is spreading, confronting governments here with a dilemma in tourist dependent places like bali, businesses there are warning of dire economic consequences if leisure travel doesn't resume soon. yet, if there are severe new outbreaks under this omicron variant, that could force governments to put their societies back into complete shutdowns and devastating the rest of their economies to it. forthe moment, most of the gove

jonathan head, bbc news, bangkok.al security & intelligence studies at the australian national university and was australia's defence attache to myanmar. hejoins me from canberra obviously, hearing international condemnation in the international community condemning this trial and thejudgment. but will this have community condemning this trial and the judgment. but will this have any impact, do you think on the military, given your experience dealing with them and me and mark? it's pretty clear to me that the military of burma are set on their ways and they are by discrediting and marginalising her. and ensuring that she has no opportunity to make a political comeback sentencing her makes her deemed unfit for parliament, and this is sending a clear message to her supporters as well in the national unity government, and the insurrections around the country, and the major cities, that this is about demoralising them and trying to suck the oxygen out of their will to fight. because they know that there is momentum that h

designed to strengthen beijing's economic power in the region. 0ur south east asia correspondent jonathan head— this is a big moment. 21st century railroad technology from its giant neighbor china. an opportunity to demonstrate the friendship of two communist run states and to showcase what china can do for the region.— can do for the region. there is definite progress _ can do for the region. there is definite progress is _ can do for the region. there is definite progress is a - can do for the region. there is| definite progress is a landmark achievement for a chain as an initiative are strategic connection that transforms but from a landlocked country to a land linked country. landlocked country to a land linked count . , ., ., , , country. chinese media has been aaivin this country. chinese media has been giving this preject _ country. chinese media has been giving this project extensive - giving this project extensive coverage. a new milestone in president xijinping belt coverage. a new milestone in president xi jinping belt and road initiative which aims to improve links between china an

jonathan head, bbc news, bangkok. a second woman who says that jeffrey epstein sexually abused her, and counts of sex trafficking and other charges and our correspondent has been following the events in court. today, we heard from the second woman in the indictment she's going by the pseudonym kate. what is interesting here is that the defence and prosecution have both been arguing over her age because she was 17 at the time of the alleged abuse and that is the age of consent in britain and so, thejudge ruled on this saying that she could testify as a witness, but the jury was not to view the sex act she talks about as illegal acts. and so, this is really key here because this indictment was in regard to crimes against alleged underage girls. but the testimony is important for the prosecution just in terms of laying out the so—called idea of grooming that she allegedly groomed young girls for epstein. so, we heard from kate on the stand that she met ghislaine maxwell at seven years old, had tea at her home in london and they got on very well and she said she wanted to be like her when s

jonathan head, bbc news, bangkok.slands has survived a no—confidence motion in parliament. riots broke out in late november over government policies fuelled by poverty, unemployment and interisland rivalries in this nation of 800,000 people. his administration has already faced popular anger over its decision to switch diplomatic allegiance to beijing from taiwan. a second woman who says that jeffrey epstein sexually abused her has been testifying in the ghislaine maxwell trial in new york. ms maxwell who was a close confidant of epstein, has pleaded not guilty to eight counts of sex trafficking and other charges. jeffrey epstein, who was a convicted sex offender, died in a new york prison cell in 2019 as he awaited trial on sex trafficking charges in a federal case. we have been following events in court. any of the sex act she testified about not to be considered illegal acts. prosecution really used her to lay out their argument about how ghislaine maxwell really was central to jeffrey epstein's world, and specific

jonathan head, bbc news, bangkok. let's take a look at some other stories in the headlines.has survived a no confidence motion in parliament. riots broke out in late november over government policies, fuelled by poverty, unemployment, and inter island rivalries in the nation of 800,000. mr sogavare's administration has also faced popular anger over its decision to switch diplomatic allegiance to beijing from taiwan. the world health organization says there was a surge in malaria last year as the covid pandemic disrupted health services. it said there were 1a million more cases in 2020, and that two thirds of the 69,000 additional deaths were attributable to the disruption to treatment and prevention. a second woman who says jeffrey epstein sexually abused her has been testifying in the ghislaine maxwell trial in new york. ms maxwell has pleaded not guilty to eight counts of sex trafficking and other charges. our corresponent nada tawfik�*s been following events in court. well today we heard from a second woman in the indictment, she is going by the student mk. what is intere

jonathan: that was stephen major, head of global fixed income research at hsbc. good morning. owicz, kailey leinz, and jonathan ferro. on the s&p, we are down zero point 3%. yields are in to 1.48 71%. a bit of news on the world economic forum in davos, which portland. -- abbess, switzerland. -- it=n davos -- in davos, switzerland. kailey: it will take place in switzerland in january, so davos goes on a scheduled. jonathan: we will be here, please come. i am not sure who is going to be in the office in january 2022. lisa: do using it is an accident that tom keene is off today at the same time the world economic forum announces this? i think he is personally there saying, come on, guys. jonathan: it was the news you have all been waiting for. kailey: was it? [laughter] jonathan: it will take place in davos, switzerland, the world are coming forum. at least, they plan for it to ice. we are -0.3% on the s&p. let's get to kriti gupta on this commodity market for a whole lot more. kriti: we are starting to see this idea of persistent inflation ever since chairman powell dropped the w

kailey: we are heading -- jonathan: we are heading for the biggest week of gains on the s&p 500.aq 100 up 68 advancing .4%. looking forward to catching up with credit suisse at about 9:10 eastern. let's get to the bond market. inflation, the big number just around the corner at 6.8%. up three basis points to 72. the curb flatter again. schumacher from wells fargo expects it to get even flatter from here. he expects 2's to get to 160 on 2's. he is looking for that on the middle of next year. can the equity market handle more than a doubling? lisa: i guess that what happens in the economy. so many questions. also, what does that mean in terms of fed strategy? jonathan: are we going to get the balance sheet reduction? let's switch the board and get the cable. big conversation next week about the bank of england. 142, the highest of the year. right now, 132. we have been trending lower ever since. after the recent data in the united kingdom, the concern of the omicron variant, i think socgen's a toxic mix. that has increasingly been the consensus. you have also seen ongoing dollar st

that was jonathan head. the headlines on bbc news...prayed # we gon�* be all right, ok, all right, ok # all right, ok, all right # ennyjoins me now. many congratulations to you. i wonder first of all what was your reaction when you heard you had made the list? i reaction when you heard you had made the list? ., , reaction when you heard you had made the list? . , ., , reaction when you heard you had made the list? ., , ., , . reaction when you heard you had made the list? . , . , . ., the list? i was really excited and shocked as _ the list? i was really excited and shocked as well. _ the list? i was really excited and shocked as well. why _ the list? i was really excited and shocked as well. why were - the list? i was really excited and shocked as well. why were you i shocked as well. why were you shocked? _ shocked as well. why were you shocked? because _ shocked as well. why were you shocked? because i _ shocked as well. why were you shocked? because i feel- shocked as well. why were you shocked? because i feel like i l shocked as we

jonathan head has the details.h have embedded a tradition dissent and protest in this area. there were very big protests against the junta in monywa after the coup. a number of well—known figures there, including some poets, died resisting the military regime. and there have been clashes where villages have been emptied by military operations in the past few months. in this case, one of the local people's defence forces, these volunteer militias that have sprung up all over myanmar to fight against military regime, tried to ambush an army convoy that was going through with two improvised explosive devices. 0ne we believe detonated prematurely, killing the two volunteers who were trying to plant it. the other went off as planned, but the soldiers then went on a sweep through the local communities, killing a number of people as far as we can tell from the accounts given by local residents, and then coming across this group of six men and five teenage boys, one only 16 years old, who were hiding. they were captured, t

violating covid restrictions during last year's election campaign. 0ur correspondent in thailand, jonathan head been seen in public since she was detained in the very first hours of the coup in february. we haven't heard very much about the proceedings, the lawyers have limited access to her, they are actually barred by the military from even talking about the court proceedings. all we do know is that she was found guilty on the first count of violating covid restrictions, apparently because an event where she waved at supporters while she was actually wearing a face mask and a face shield during last year's election campaign. the other case involves a statement that was put out by her party, the national league for democracy, right after the coup, calling on people to oppose it, she did not put her name to that statement and she was already incommunicado. she had already been detained. the judge decided she must bear responsibility for it. she was given two years on each count of a maximum of three years on these charges. i think to be honest, all the charges that have been piled up against ra

our correspondent in thailand, jonathan head, says we don't know a great deal about the sentencing becausethe first count of violating covid restrictions, apparently because an event where she waved at supporters while she was actually wearing a face mask and a face shield during last year's election campaign. the other case involves a statement that was put out by her party, the national league for democracy, right after the coup, calling on people to oppose it, she did not put her name to that statement and she was already incommunicado. she had already been detained. the judge decided she must bear responsibility for it. she was given two years on each count of a maximum of three years on these charges. i think to be honest, all the charges that have been piled up against ranging from one, in relation to walkie—talkies found in her house, used by her security guards, others far more serious involving allegations of corruption, breaking the official secrets act, the details hardly matter. the court process is so un—transparent and so widely condemned, so manifestly in violation of normal

darren payne pushing jonathan allen's head before allen throws the first punch, quickly separated by teammates. this happened after they allowed the fourth touchdown of the first half in what would be an embarrassing 56-14 loss. again, to reiterate, carley and i don't fight like this. carley: no, we don't. or else we would get fired. let's avoid the punches. the time is 10 minutes after the hour. go ahead. todd: we do fight over christmas movies, that's about it. carley: we sure do. a columnist argues 2021 wasn't all that for biden and the white house agrees but the latest round of polls tell a much different story. todd: we're talking to joe john cha about that, plus the aforementioned brandon judd is next. ♪ ♪ limu emu... & doug ♪ ♪ superpowers from a spider bite? i could use some help showing the world how liberty mutual customizes their car insurance so they only pay for what they need. (gasps) ♪ did it work? only pay for what you need ♪ liberty. liberty. liberty. liberty. ♪ spider-man no way home in theaters december 17th moving is a handful. ♪ liberty. liberty. liberty. liberty

. >> good evening, justine and jonathan travelers getting a head start on their holiday destinations jetting off today. and most people i spoke with say they feel safe because they have received their booster shot. chris johnson and his family are heading to maui very excited. first day they arrive to san francisco international airport early for a trip they could not miss it was a 2019 1st president. >> my wife and i. >> paid for a trip for everybody. and then the pandemic hit. and so we couldn't go in 2020 because shut down. and then 2000. 21 here we are towards the afternoon. the security lines at sfo had an 8 minute wait. >> workers say the mornings and evenings tend to be the busiest airport. officials say the number of people traveling is approaching pre-pandemic levels saturday alone had about 51,000 passengers departing overall, a 67% jump from 2019 a new wife and i are as travelers deal with the uncertainty of the pandemic for the second consecutive year jamie cook is not worried for both triple vaccinated. we had our booster were pretty good about masking. so i think feelin

jonathan: we will also catch up with the head of research strategy at morgan stanley wealth management. down on the s&p 500. tk back in the hot seat tomorrow as we countdown to the fed decision or beautiful new york city. this is bloomberg. ♪ ritika: new study from south africa shows promise in the fight against omicron. two shots of pfizer may offer 70% protection against ian hospitalized. that is maintained across age groups and in the face of chronic illnesses. the u.k. will use soccer stadiums as it opens up hundreds more vaccination sites. the new omicron. now accounts for 20% of cases in england. the estimated number of daily infections is 200,000. iran will no longer allow the u.n. to enter a centrifuge workshop. granting access goes beyond its agreement with the iaea did the latest european diplomat warned that time is running out for an agreement. antony blinken lashed out at china while trying to rally allies in asia. he criticized beijing's aggressive action. he oversized u.s. efforts to deliver high-quality infrastructure and vaccines to asia. elon musk has unloaded more te

jonathan: we will bring you more on that. joining us now is dan tannenbaum , headanti-financial crime act of her wyman. -- crime at oliver wyman. the options available for the united states if russia and the russian leader vladimir putin make a move into ukraine? dan: i think there's a lot of options that have been threatened by the u.s. government and its allies. i think that last point is really important. biden has brought back multilateralism on sanctions, which is some of what begin to isolate russia when they took crimea in 2014. so i think the threat of sanctions against nord stream 2, the threats of sanctions against cutting off access of their commercial banks to the global economy comedy threats to additional oligarchs, all of these are serious threats that could have a material impact on russia. the question is what does president putin do next. does he really want to push the needle on this? jonathan: you picked up on a key feature of the difference between this administration and the previous one. i think a key feature for last week was the fact that t

kron 4 meteorologist mabrisa rodriguez tracking the timing of get another round of storms headed our there, jonathanking scattered showers throughout the san francisco peninsula and even for this southern part of the north bay. >> shifting to the south and east. so dry for most of the east bay shoreline. >> but those showers moving across the bay. and we're also tracking some snow showers starting to make its way over mount hamilton with the north bay's highest peaks. you could actually see some snow levels drop to as low as about 2000 feet. thanks to that fresh dusting of powder. but widespread whiteout snow showers for those of you in this year, you're going to see several feet of snow. this weekend and even into early this upcoming week. right quite how are we are noticing scattered showers out there right now with temperatures. pretty uniform. widespread mid 40's. but upper 40's for those of you at half moon bay at 48 degrees cooling down into the low 40's for santa rose at 42 degrees light breezy winds out at 15 miles per hour. cool sea breeze influence there with pacific up starting to notice

jonathan: 6.8% is your headline read. the head you a financial -- the head u.s.al analyst at oxford financial joins us now. kathy: it did come in a touch higher than expected. does it change things materially? i think it keeps pressure on the federal reserve. this a difficult spot for them were seeing inflation run above what they expected and are some signs it would get easy and the headline number going forward is energy prices. up almost 5% year-over-year. jonathan: how much can it rot -- lisa: how much gave rise and how much you needed to fall for the fed to look like things are under control. kathleen: our view is it will continue to stay hot and sticky through the first quarter and you will not get reprieve until the second quarter. even then it will remain elevated. i think if you see moderation, the year on year rate with of gap down, then the fed can take a little comfort and maybe wait. it will be difficult because we are seeing fed members become more worried about inflation and less so about the labor market. lisa: what you think is appropriate if it

jonathan: fantastic to hear from the jp morgan global head of macro equity research. ew york alongside lisa abramowicz and tom keene, i'm jonathan ferro on this fed decision day. yields up one on tens. the fed decision. tom: it's a big decision. stay with us through the day as well as we drive towards the meeting. the emphasis taken in the press conference. michael mckee leading our coverage. leading us with a chart, her take on it. >> we just heard from dana peterson. i want to put that into some perspective because we know sales are booming across the board. compare that to a five-year chart where we look at the trend line. it's moving in a big way. the question is is the momentum waning because as dana mentioned stimulus effect coming down. tom: we've got a trend, it pandemic, recovery and then a pop. is that all the fiscal pop. >> this has everything to do with the savings rate. essentially you have this major dip in 2020 where everyone is holding onto their funds and then this major pop ahead of this huge trendline. the question comes down to the savings rate whic

that was reported in jonathan karl's book, but the head of the commission is saying, yes, he understoodce exists. those two events tie trump more to the january 6th events order than the record had established thus far. >> katty? >> clearly the commission is zeroing in on the 1987 minutes. anything we can learn about what was in trump's mind, what his intention was, what he would have wanted to say to the people who were attacking the capitol at the moment, that's important. it's unclear whether the select committee will ever get access to either the records out of the national archives -- it depends perhaps on where that phone call was made from. was it made from the residence? in which case there may not be records. if it was made in the west wing, then maybe. if they do, the select committee manages to get the record, it may be all we get is the time. getting the content will be very difficult. there are still keel parts of information missing that would prove an intend -- intent to get people to attack the capitol. that's why having this phone call record, and the content ideally wo

tougher for families this christmas but according to some elites, it's all in your head, everything is fine. jonathanhere to explain why they are all a bunch of idiots and setting your money on fire. look at that cash on flames. ♪♪ some members of the media writing for the dems again. this time telling you not to believe your bank account is americans watch their spending power evaporate thanks to the biden demonstration multitrillion dollar printing spree. a commerce paul kelly i want to just chill, man. he tweeted, is there any good reason to believe inflation low income households especially hard paul, aside from the fact that they have less money to spend on things that now costs more? i guess not, you are right. bloomberg news got into the game over the weekend advising americans to counter inflation by spending their entire paychecks immediately and borrowing more money. is it any wonder they've brought us to the brink of stagflation? that's next. who to discuss from a hedge fund manager and fox news contribute, jonathan koenig, just like he was instructed good job. >> that's what inflation is,

someone who talked extensively about his transition from hawk to uber dove when he headed the federal reserve. jonathans, in principle they impose from the added spending should have been temporary but fostered an inflationary psychology where prices rose in anticipation of future price and wage increases. that is the virtuous cycle we've been talking about and something mohamed el-erian has talked about extensively. lisa: it is an important point in terms of data come the university of michigan survey and inflations over the longer-term. how much do inflation expectations drive what transpires when you go to the store? jonathan: the fed faces a troubling 1965 parallel. coming up, he says there is nothing to worry about. the biggest bull on the street looking for 5330 on the s&p. we are down by .2%. from new york city on radio and tv, this is bloomberg surveillance. ♪ >> people are not well-positioned for the environment we are imagining now. >> there is the risk that all markets go down, long-term treasuries, equities, there is no place to hide. >> negative real yields are very positive thing for risk

joining us now credit suisse, head of quantitative research, jonathan good morning to you and thanks being with us. i'm not sure if you heard our conversation about dinosaurs and growth names, how do you play this market when you continue to see this divide between tech names, high growth and sort of maybe the more solid value ones? >> yeah. we just put out a report this morning looking at -- and we look more than the last week or two. we looked quarter to date, the last couple months and what we're finding is that tech broadly defined, so these are obviously large cap, heavy basket, but the stocks are running up like 12% and the earnings are only driving 2% of that, which is, you know, which means that it's multiple rerating now, compare that to all the economy, boring stuff, you guys are going to not talk about or find interesting, they're underperforming tech by a mile but delivering much, much better earnings because this inflationary supply chain constrained environment is helping a lot of old economy, dinosaur kind of industries. and in their earnings, but it's not shown up in

but those are bullish for risk assets heading into next year. jonathanlet's go back to the 1980's. 1983, looking back on the stock market of 1982 in "the new york times," "who would have thought 12 months ago that chrysler or winnebago or a homebuilder would not only whether one of the worst recessions ever, but then soar past the stock market?" what of the history lessons here? darrell: there are a couple. one is every time we get close to a fed tightening cycle, markets tend to get really aggressive on the idea that the fed is going to over tighten. we see this over and over again. the only two examples i can think of where that wasn't the case was when paul volcker broke the back of inflation in the early 1980's, and when greenspan increased the fed funds rate in 1994. every other fed tightening cycle, the markets always get ahead of the actuals, when we end up tightening in the end versus what markets expect. we think that might be the case again this time. jonathan: darrell, great to catch up. darrell cronk weighing in on this equity market. your eq

credit suisse chief equity strategist and head of quantitative research jonathan joins us this morning. jonathan, interesting piece and i do wonder what you think it means. what are the big questions you're asking right now? >> well, you know, first of all, we're really bullish on the stock market overall and tech shares in general. in general are not the biggest beneficiaries of all this inflation. but depend when people say tech is doing well or not doing well, it all depends on how they define it and there's no one definition so, if you look at small cap, you know, a smaller cap tech, it's actually really cheap and the earnings growth rates are expected to be much, much faster but they have lagged meaningfully over the last 12 months, especially compared to what we're calling gama. those big five tech names. google, amazon and the like. and if you look at the more broadly defined tech sector, you get a very different read. but mega cap tech is doing one thing. the average tech company is more beaten up, cheap and might be some really good opportunities over the near term >> so i gue

lisa: inflation is going to be probably one of, if not the key debate issue when we head into the 2022 midterms. jonathanemily wilkins joins us of bloomberg government and washington, d.c. the inflation print is still shaping the conversation, isn't it? emily: absolutely. right now, everything focuses on send her joe manchin and kiersten's -- on senator joe manchin and, to a lesser extent, kyrsten sinema. everyone knows it. you saw senator lindsey graham saying he requested the report after joe manchin said there might be budget gimmicks. publicans jumping out on that report friday showing that the bill could add up to $3 trillion in inflation. you also saw president biden saying he's going to be meeting with mansion -- with joe manchin this week, and a number of groups launch ads targeting manchin over this bill. he has set explicitly he does not want the bill to pass this year. he wants to wait until 2022. he wants to see what happens with inflation. but there's a lot of pressure to move now because the general wisdom in washington is that once you get to an election year, it is much harder to get legi

jonathan, i think the word as we head toward christmas next week is kind of returning back to normal.lly feeling like december out there, but i don't have any big snowstorms for you. if you don't have snow on the ground, i don't think you're going to get a white christmas unfortunately. >> yeah. we are now just a week from christmas, hard to believe. bill karins, thank you for that. >>> still ahead, democrats are ramping up the push to pass voting rights before the end of the yearing but in the senate, some familiar obstacles could hinder those efforts. >>> before we go to break, we want to know, why are you awake? email your reasons to waytooearly@msnbc.com or tweet me @jonlemire. we'll read some of our favorite answers later in the show. read answers later in the show. and boat...rv...life... ...home and more. you could save up to forty-five percent. (man) that's a whole lot of discounts. (burke) well, we offer coverage for a whole lot of things, and you could save a whole lot of something with farmers policy perks. (kid) sup, dad! (burke) seventeen-car garage you got there? ♪we are

how much is a proxy heading into 2022 with gas prices raining supreme. jonathan: we have not even talked about the debate. if you want one more, apple is up another .6% -- is up again. maybe they are pushing to boost the supply. tom: we will see. jonathan: stock is at a record high. tom: if you are confused, it is good to bring in alicia. here is a scenario based on mathematics that i see. how has your scenario changed, given the confusion that we just laid out? >> it is a fascinating discussion. the headline is, we are essentially in a new regime with the fed, which was announced a couple weeks ago. there is a separate discussion about what is happening in the economy. these are different right now because we are entering a lower liquidity environment, moving forward. what it -- whether the said hikes, the next move is still a hike. it is not a cut. we talked about how the markets have levitated in this sea of liquidity. at present some challenges for investors. last week represented the first shot and where investors need to be thinking about investing. i suspe

jonathan: if you are betting against the market, can you bet against these big names? apple headingtraight daily game. they drew a line in the sand. let's get to kriti gupta for more. kriti: share price of 182 point $86. -- 182.86. -- 20% decline last fall when it hit $2 trillion. the question is does that mean when you hit $3 trillion you will see another drop? yes big tech believes the benchmarks, you could be seeing one today, it leaves corrections. could this signal a macro correction? kailey: i hope tom is watching or listening. matt miller is talking, we have the chart. in new york city they started shutting down stores. how indicative is that of a macro story? kriti: it brings back the summer of 2020 while we were dealing with the lockdowns. big hit to demand and that only disposable income but the driving season was under wraps. one of the big indicators of the market where you saw the s&p 500 trade off headlines was when apple closed stores and decided to -- i should say shut down the services like the genius bar in new york but also across the country. you saw a lot of the

. >> josh brown, jonathan, your guy, we think risk/reward favors upside heading into the end of the year that's what he says today. goldman, we remain fairly positive on global equities. also from goldman sachs, what we've seen in the last week or so doesn't justify a 30-plus vix. are you positive heading into the end of the year? >> i have been the whole time so i was on the network screaming last week like is your base case really the fed is going to accelerate the tape earp to the point that they crashed the stock market have you been paying attention at all to anything that's been going on in the last 12 years? there's no reason -- if you were selling stock last week for that reason, you really are well served by having someone else make the decisions for you now today as everybody comes to grips with that reality. this is a face ripper from 2011-2012. that's what you're seeing here almost everything green for no reason, quite frankly, other than we realize that some of the things that were being discussed were overdone. so now you have apple up 3.3% today. >> all-time high >> back t

jonathan. coming up on kron, 4 news today heading home for the holidays with concerns over covid as cases surge, a bay area. health officials say you can celebrate safely plus the trial of elizabeth holmes entered a new phase today when we could expect a decision from the jury and more snow in the sierra. what kind of time now for our 4 zone forecast as we give you a live look at highway 50 in myers just south side of south lake tahoe. plenty of snow on the ground in just about 0 traffic up there. plenty of snow on the ground and plenty more to come meteorologist dave spahr standing by with that forecast it's going to be a very busy week. the next 10 days, good evening. and here's a live shot of the east bay shoreline. >> do note, though, that we actually see, you know, we've been talking about this rain coming. it was supposed to be after midnight for tonight. we've now push that ahead until probably tomorrow evening for a lot of the bay or around sunset and for your evening commute, not so much a problem, though, tomorrow morning. it looks like it might even see some sun going on. this is wha

heading your way. much of this week. back to you. jonathan. >> marissa, thank you. much more to come tonight. christmas just days away in here already officials in new york are worrying about what the omicron variant could do to the big new year's eve ball drop in times square. the niners continue to make their playoff push with a big help from the defense today. sports director jason dumas says the highlights from one moment to the next, our kids become the most important part of our lives. and even though the years pass, that never changes. we never stop worrying about them. that's why it's important to have health insurance. with covered california, we got a plan we could afford. it includes free preventive care, like cholesterol and blood-pressure checkups. because even though they grow up, they'll always be your baby. covered california. this way to health insurance. enroll by december 31st at coveredca.com. >> a final check of your 4 zone forecast this sunday night at 9 o'clock as we take a live look at the transamerica pyramid the sunday night kron 4 meteorologist mabrisa rodriguez tra

jonathan: looking ahead to 2022 with tina for them the head of global policy strategy at a longhurst tina fordham, head of goebel policy strategy at -- of global policy strategy at avonhurst. as far as the diary is concerned in washington, d.c., the time, 3:30 eastern time is when a call will take place between the president of russia and the president of the united states. joining us as greg valliere, chief u.s. policy strategist at agf investments. your outlook for geopolitics, and the united states and the communist party. greg: i do think this is a big wild for next year. i think for the time being, vladimir putin has to worry about a guerrilla war if he invades the eastern ukraine. i think the ukrainian army can't beat him, obviously, but you could have in the hills a guerrilla movement. does vladimir putin really want to have that happen to him and his job approval rating back in moscow? i think it will give him pause. the other big story obviously is china. postal olympics, i think china will sound even more belligerent on taiwan. i think that u.s.-china relations will stay ve

head back to back to back. yeah. and we're certainly noticing that cold snap, jonathan, even though winter doesn't officially begin until tuesday. >> today's daytime highs definitely had that winter like feel we well below average 5 to 10 degrees below normal. 12 degrees below normal for those of you in livermore, 45 degrees for your daytime highs when you should be at 57 degrees. >> this time of year. so today was a day that you really had to dress in layers. we are tracking very dry and cool conditions continuing for your sunday night and into your monday going to see those. some storm clouds, though, to our north. that's going to make its way into the bay area. almost acting like a blanket. so it isn't going to be as chilly tonight like it was last night temperatures out there right now mid to upper 40's 49 degrees for half moon bay and for those of you in livermore an antioch 43 degrees as his paulo alto. so we are going to cool down even more in the mid 30's for concord in livermore at 37 degrees nap at 38 degrees but around the bay area shoreline widespread mid 40's thanks to that increase in cloud cover almost ac

. >> so you can check out some of jonathan's other digital originals on our website. just head to nbcbayarea.com/digitaloriginals. >> well, christmas is over and the count down to new year's is new on. you are looking at downtown san francisco. a gorgeous shot tonight. in six days, that sky is going to be lit up. san francisco says it still plans to hold the annual new year's eve firework celebration. you can catch the show on the embarcadero waterfront. thousands of people are expected to show up. san francisco leaders tell us they have no plans to scale back because of covid. late-night seating a restaurants, nearly sold out. >> wow. >> i think people are really looking to cut it loose, maybe safely, maybe not. and it is going to be clear. >> is it going to be clear, rob? i mean, thoizs of people are going to be out there. >> the weather will be pretty good except a little bit cold. >> that's all right. >> at least it won't be raining on folks later this week but the recent for the microclimate weather aslert increasing rain tonight into your monday morning commute and then l

heading. i think it was just surprising given the context of the past few days. jonathan: qe has been very important for signaling to economies and financial markets. i wonder what an accelerated taper would mean for this market. you have made the point that a lot of this would be canceled out by the taper of the treasury , but if we accelerate things, does it have a bigger impact? marilyn: i think on the margin, it has a small impact. but the fact is when they are still continuing to purchase assets, even as they wind down the amount that they hold, they are still providing very loose accommodative monetary policy. so even if they act little bit, we have seen accommodation at the moment so high. particularly yesterday, we did start to hear a lot more caution from jay powell around the very high levels of inflation that are potentially becoming more persistent, and thinking about the factors that the fed are now starting to include in their forward guidance, i thing maybe it is such a shift of tone as we do go into the fomc meeting a couple of weeks, i think it will be ke

jonathan? if it goes in the direction it seems to be headed.if it is something short of completely overturning roe. >> the political ramifications are huge and for part of the reason that david was talking about. for democrats, to get baldly political, for democrats it could be a way of galvanizing the base at a time when the midterm elections are coming, democratic voter turnout is lower during midterm elections traditionally, and they could possibly be another verge of losing the majority in the house. for republicans, this could be a galvanizing thing for them in 2022 and 2024. in addition to all the things david said, the question then becomes, it is also a very personal decision. when we are talking about a woman's reproductive health, it is not whether she has access to abortion, this is one of the most personal things that she might have to endure or will have to endure. i look at the possibility of the overturning of that precedent and i look at other precedents out there that could also be in danger. i'm thinking about oberg or fell. i

head our way this week. yeah. we're going to see rounds of wet weather as one storm exits. jonathan, another one right behind it. so. >> really not going to get a break from the wet weather when it arrives tuesday continuing for almost a week straight, we certainly need it. we're still under the 2 worst drought categories extreme to exceptional drought and this week's atmospheric river hasn't really shown an impact just yet on the latest drought monitor map. and that's because we've got so much rain in such a short amount of time. most of that rain water has to really just settle and seep into the soil which we will see improvement in the coming weeks, especially with all the storms heading our way. so boston frog. those are the 2 big weather headlines throughout your morning and afternoon. but we're going to see storm after storm churning out in the pacific arriving in the bay area monday is going to be our dry transitional day. but then by early tuesday afternoon, we're going to start to notice our first wave of storms arriving, even a through wednesday becoming more widespread for thursday and your christmas

jonathan ferro, and lisa abramowicz. a lot of traders probably off, too. guy: like volume headed into christmas. -- light volume headed into christmas. my house is currently dominated by movies that seem to involve reindeer, reindeer getting lost, that sort of thing. let's talk a little bit about where we are going. the equity markets at the moment of got a lot of challenges as we go into 2022, but i have to say, i keep reading everything will day sell side reports that tell me next year is going to be good. you look at the lineup of threats to that, there are some significant ones going into next year. kailey: the consensus seems to be dead returns are not going to be a stellar as they had been. still, it is going to be a year in which you can mix a money. damian: for me, it is going to be about the second half of 2022. there's no question the comps on growth are going to accelerate. is it going to be margins, topline revenues? that remains to be seen. kailey: before we can get to the new year, we've got to finish up when he 21 when it comes to trading. we have about an hour and

last month, jonathan kanter, one of the nation's leading anti-monopoly experts, was confirmed to headhe justice department's antitrust division. the senate also unanimously confirmed charles "chuck" sams iii in november as the first ever native american national park service director. sams is a member of the cayuse and walla walla tribes of the umatilla nation. the white house announced tuesday salad tomorrow the withdrawn her nomination to become control of the currency after opposition from republicans and some conservative democrats. she grew up in soviet kazakhstan an came to the u.s. in 1991. during heronfirmation hearing, the louisiana republican john kennedy accused her of loyalty to the communist party. shwould have been the first immigrant, first woman, first person of color to fill the role. democratic congressmembers jan schakowsky and nanette diaz barragÁn reintroduced the future generations protection act. the bill, which has 21 other co-sponsors and is backed by a slew of environmental grou, would ban fracking, block new fossil fuel power plants, and ban crude oil and na

jonathan: more to come on that and on this bond market. we will catch up with the head of u.s.ategy. looking forward to doing that in just a moment. the spread on wall street starts to come in a little bit for june, july, may of next year. you have these outliers for people willing to wait. the morgan stanley's, setting up the scene for 2022. lisa says for now. from new york, this is bloomberg. ♪ ♪ >> the fed is already behind. >> everything points to them getting much more serious on inflation. >> we might see core inflation at 6.5% potentially in february. >> they are going to start that journey to normal and we are going to help them on that path. >> the market has positioned itself for a little more normalization. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: we are getting an avalanche of rate hike calls this week. from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market advancing

the world got a head start, and we are better prepared to handle this because of their efforts. jonathan will we see -- tom: when will we see results from labs such as years? dr. pekosz: two things i'm looking forward to, next week will be important to follow surges and hospitalizations, which is the two week window post emergence of the virus when we expect to see hospitalization rates move. remember, the rates lag behind case rates. as soon as we get isolates, laboratories will be telling us how well the antibodies from vaccine and infection cross-react to omicron. and that will be the first hint about how widely we expect this virus to be able to transmit. lisa: until we find out that information it is hard to know if we are underplaying or overplaying this new variant. what would your recommendation be to people going to christmas parties and to the office and i want to engage with other people. do you think it is time to restrict activity a little bit more? or that people need to go about their life and act as if this is just another kink on the way to recovery? dr. pekosz: right no

jonathan: i want to go through these numbers with you so our audience can get their heads around themre capacity, you are at 2 million. consensus is at 4.8. that is a 2.8 million spread. can you walk me through the numbers, why you think everybody is around five? christyan: we've gone through the west african countries, and what we are looking at is the oil in the ground, how they finance the oil production effectively as the spare capacity, and where the logistics of the supply chain are and whether it is conducive for them to be able to do it. when we look at this, we break it into high risk, low risk, and medium risk countries. high risk countries, you got iran, libya. remove the sanctions, and let's see what you got in terms of actual barrels. we think they have more than 240,000 in addition to where they are already out at the moment. then we moved to the medium risk, and russia is in that camp because they have had reservoir problems. they have had to deliver storage into their own inventories. equally, they are under invested and they can't act quickly enough because it will hu

sneezing, coughing, aching, stuffy head, best sleep with a cold, medicine. >>> welcome back to "way too early." it's 5:30 on the east coast, 2:30 out west. i'm jonathanhe supreme court has scheduled a special session for two cases challenging biden's co-individual 19 mandates. the court announced it will hear both cases on january. one involves the rules requiring employers with 100 or more to be tested on a regular basis, and the other has to do with medicaid and med cared funding. it reads in part this. we are bent it's legal for both policies. both policies have been at least partially blocked from going into effect by lower courts after challenges from republican-led states and businesses. joining us now, whoufs reporter tyler pager. good morning, tyler, glad to see you. the biden administration has viewed the mandates for some time as a key weapon in their arsenal to try to get this pandemic under control. we hear about boosters. but they do want employees to become vaccinated. how are they viewing this and what's your sense? is it likely these mandates will get struck down? >> as we've seen the omicron variant ravage the country, as we saw from

>> well, jonathan touches on an important point about the politics of where this is all headed becauserom two different camps of democrats all of whom agree on the merits of this investigation but some democrats who feel that leadership, the white house, the committee, they all need to be much more public. they need to be more vocal about this, but then there's another camp of democrats, phil works feel that republicans perpetrated the insurrection, cannot be the principal argument for democrats heading into the 2022 election. they are concerned that there is not enough focus and debate being placed on the president's agenda and his ideas as a whole and that they need something besides anti-trumpism and anti-republicanism to run on heading into the 2022 elections, and, of course, we're just talking in the last segment earlier about whether or not they will have some of those ideas and progress that they want to make to be able to run on, but they do think some of democrats, that there needs to be more focus on a positive argument of what they will do for the country. >> the macro polit