lisa: jonathan miller, thank you so much for that insight. jonathan miller of miller samuel.ng to see how people are readjusting their sense of a post-pandemic reality. perhaps working from home, perhaps the four bedroom townhouse types of homes getting more attraction than some others. kailey: and getting more expensive. if you wanted to buy one a year ago, you would be a lot. now not as much. lisa: missed the boat. congratulations on signing your lease and getting those perks. in the market we are seeing strength across the board. are we moving back to where bonds and stocks trade in tandem? you see bonds come as they get stronger, stocks get a boost. we see bonds a little bit weaker. the 10 year three basis points. 1.327%. the s&p up solidly. coming up on "balance of power," i will be moonlighting as tom keene. jared bernstein with the white house. this is bloomberg. ♪ (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) a

a comment from jonathan miller, who said, basically people get tired of losing their fifth bidding waror a place in westchester or on long island, and they just have given up and they have decided to go on vacation instead. so i hope by the time my wife allows me to move back to the u.s., the prices come down as well. amber: i in no that tenacity -- know that tenacity will work out for you. i would recommend toronto, but i think it is actually easier for you to purchase a house in west hollywood these days. so, maybe you will find that bargain somewhere in the u.s. after all. matt: it could be a long commute. i could end up in west stockbridge if i am not careful. on the u.s. jobs report, constance hunter is joining us, chief economist at kpmg llp. talk about what you saw in terms of the add and the breakdown, what does it tell us about future growth? constance: a few things. we added over 850,000 jobs, a lot in leisure and hospitality, which is an important barometer. but there were other details that were interesting. one thing they have been doing is asking what percent of people ar

jonathan: the csi 300 down more than 3%. earnings season picking up time. tom: carl riccadonna, always wonderful at bloomberg economics, bidens plan will be inflation light. that is like the champagne of beers, miller lite. jonathan: thank you for that, tom. is this about addressing the supply-side story? let's get to michael cushman, morgan -- michael kushma, morgan stanley cio. let's talk about goldman. "in the near term, a complete service sector recovery will likely overcome virus fears and return to work office patterns. both look likely to take longer than anticipated." both issue a downgrade to forecast growth. what is the view at the moment? michael: our view in investment management is that a slow down of some degree is not necessarily a terrible thing for the economy as a whole. we were growing very fast with almost double digit pace in the middle of this year. in terms of how much is inflationary, how much is permanent, modest downgrades in growth with a little bit longer time frame in terms of getting back to normal because of the rise of the delta variant and more uncertainty as to how people will behave with this uncertainty, and meaningfully in the near-term, with yields falling sign

are there heroes in people like the joint chiefs chairman mark miller? jonathand, it is nothing new if you have been hanging on with your finger narrows watching all of it in real time. i liken it to a coloring book. when you get a brand-new coloring book you have the outlines. then you take the color and crown and color it in. what these books -- the crayon, and colored in. these books are coloring it in, giving us more information about that skeletal the of what we know. it is vivid. it is horrifying. it is dangerous, protect lowly what we find a from the chairman of the joint chiefs of staff -- particularly what we find out from the chairman of the joint chiefs of staff. i would say he is a hero, particular what he did behind the scenes. part of me wonders why can't we have heroes in real time? why can't these folks speaking off the record or on background in real-time to be do so more openly now that the administration is over. where were they in when the country really needed it? david: it is tough and this was the jim mattis problem, if you're military, to

jonathan ferro and lisa abramowicz are both off. well. romaine bostick and matt miller this morning. -- well-deserved. romaine bostick and matt miller with me this morning. romaine: we have seen this a lot in the premarket. things are little bit tepid and once you get to the cash market, you're talking about seven straight days of gains right now for the s&p 500. a lot of that time gets back to what we heard earlier. the idea that people are reassessing their expectations for economic growth and earnings growth. that's putting a bid back into this market. it continues to do this crab walk to record after record. tom: it's been interesting to see and it is the optimism of america. professor krugman mentions the idea of morning in president biden's america. we continue this discussion, more on international relations with richard haass. i year ago his effort was my book of the summer. i can't say enough about it being the required brief read to get you up to speed on the dynamics of the world economy. thank you so much for joining us this morning. what do you worry about

jonathan: i feel like this is disingenuous. you had a great night last night with matt miller. tom: we did. that is in from berlin. jonathan: i understand we have reestablished that connection with frances donald. francis, have we got you? frances: we have reestablished connection. jonathan: part one -- gdp call for next year, what is that? frances: i do not even forecast 2022 gdp at this point, because a range of outcomes is incredibly large. what we need to be forecasting is the 10 year yield, the shape of the curve, and what the infrastructure packages going to look like. this is a key when you are a buy-side financial economist -- how will the deviations change? we've already seen the peak. we will see disappointment. the biggest challenge is what will happen to chinese policy next? that we hit peak macro is not a surprise. anyone who can do year-over-year new this was going to happen. what was a surprise is how tate chinese policy was, how quickly the big pie in the sky fiscal game change, and the delta variant, which creates this uncertainty. that is the game when you are using the economic lens on the buy si

jonathan: mario is a chicago guy, tom. that's miller lite. miller lite is the beer of chicago. you forgotten that, tom? tom: it's the champagne of bottled beers. jonathan: that's right. [laughter] mario, i know you are a white sox fan. we will get to baseball little bit later. let's look ahead to the next couple of weeks. i was told as it was about days, not weeks, not months, and it has been weeks and months. how significant is next week for you? mario: next week is huge. you've got both we publicans and democrats saying something needs to get done towards the beginning of the week. the setback this week revolved around republicans walking around voting for a bill they hadn't seen the text for. mitt romney said they are looking at maybe monday, possibly tuesday or wednesday for that to come. as you mentioned, the clock is ticking. we have the vaunted august reset coming up here in the next few weeks, so congress has to get something done. on the other set of that recess, the clock starts ticking towards midterms, when the political risk is elevated. jonathan: are you still --

jonathan ferro, lisa abramowicz off today. thrilled romaine bostick and matt miller darken the door today. what do you think, remaine -- romaine? will we miss the match? romaine: no, full wall-to-wall coverage. tom: you got the tv feed. talking about didi in china, but i would also point out for the uninitiated like myself, i believe spain back to back scored five goals in two consecutive games, which is sort of cool, right? matt: not counting the penalties, right? tom: i don't know. i tell ferro, they should kick the ball from farther out and make the penalties more exciting. washington always exciting. jack fitzpatrick joins us this morning. i want to talk about jacksonian americans. president trump had a big portrait of andrew jackson in the office. we are migrating away from a jacksonian america, but i huge part of the republican does not. tell us about that tension of the republican primaries in march of 2022. what is the strength right now of mr. trump's jacksonian america? jack: trump really is the force behind the republican primaries right now. if you look a

jonathan ferro, lisa abramowicz, tom keene. they are off. holding me off, romaine bostick and matt miller.aine bostick back from massachusetts and matt miller in berlin. very exciting day. i thought it would be a snooze fest. remain, help me with the data. romaine: the nasdaq composite, right now futures up .1%, a similar story for the russell. flat on the day. a lot of the tech names and the nasdaq, a lot of the energy names in the russell, that is why you're getting a pop. what will sway the market, we will see what happens when it opens. what happens with the chinese adrs in the u.s. companies linked. tom: inflation-adjusted yield a stunning -.95. to see a negative 1.00 would be something really pushing against the economy recovery. right now on the american economy, i have to explain this for radio. what we have learned at surveillance that in the pandemic we do work from home shots there are usually stunning bookshelves and we keep track of who is reading what. we cannot do that. let me describe the picture. this is a suburban home, a beautiful apartment, with a staircase and a child

because this is serious this is our democracy and it is under threat. >> tim miller and eugene are sticking around. jonathan, thank you for starting off your reporting. stunning even for trump, another new scoop from michael bender's great new book reveals donald trump's praise for hitler. yes, you heard us correctly. plus, the state of new york. democratic voters make it clear fears over crime are at the top of their agenda. and vladimir putin's latest test of president joe biden just three weeks after their face-to-face summit in geneva. all those stories and more when "deadline white house" with nicolle wallace continues. s. ♪ ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ among my patients i often see them have teeth sensitivity as well as gum issues. to deliver our technology as-a-service. does it worry me? absolutely. sensodyne sensitivity and gum gives us a dual action effect that really takes care of both our teeth sensitivity as well as our gum issues. there's no question it's something that i would

jonathan: i thought you were going for a drink a little bit later. and also, what happened here? you were going for a drink with milleridn't get an invite? where are you going for a drink? tom: i haven't decided yet. i thought you would be in your "surveillance" nap. jonathan: that takes place mid day i will be there. are we coming to you? tom: i don't go below 59th street during the week. jonathan: we can debate this another time. 8:30 am is turned, that is when a full coverage will begin on tv and radio come on quicktake as well, of jeff bezos heading to space on blue origin's new shepard. tom: it is a dark night in texas right now, and they are releasing on the blue origin website sort of getting ready for it, getting in the capsule, and we will have to see what happens here in the next hour. right now i've got some big, fancy feet appear. jonathan: 35 minutes away from seeing the astronauts to be leave the training center. looking forward to bringing those pictures to our audience in about 35 minutes. let's turn to the price action for you. got to stay on top of that. at the start to the week we had yesterday, 40

miller. we welcome our bloomberg and bnn bloomberg audiences. we are getting some breaking news the terminal. president biden plan to nominate jonathan part of the justice department's antitrust division, according to a person familiar. the news is not public yet -- i guess we are making it public. the latest sign the administration is preparing a broad crackdown on large technology companies. kanter left one of the biggest law firms in the country last year to start his own firm, and is a long time foe of google. kanter representing companies that have pushed antitrust enforcers to sue the search giant. this is a sign that big tech faces a big headache in terms of the department of the department of justice and antitrust division. amber: it will be interesting to see how these big tech companies respond to that. will google follow the same path as amazon and facebook have with the ftc chair lena con saying that she should be recused from these cases, and specific because of her past involvement and actions against those companies. to your point, kanter has represented clients that have taken action against them. we will be watching

miller called that a copout. lisa: i think that scarjo is great. that's it. i think it's a complicated issue that's really sensitive and it will be interesting to watch. coming up -- jonathan: coming up, the goldman sachs chief economist downgrades u.s. growth. in new york, this is bloomberg. ♪ >> it appears that amazon's pandemic past is saving. and shoppers have started to venture out. the biggest online retailer gave a forecast that fell short of expectations. this is the first time that amazon has given more details since 2018. shares of dd global are falling. china intends to have antimonopoly supervision of ride-hailing companies. beijing is considering serious penalties for them. and the parent of british airways is looking at the assessment of its prospects for summer. i.e.d. also running a second order operating loss. the earnings have held -- were held back by the uk's coronavirus travel limits. and the founder of electric vehicles is pleading not guilty to charges. he is accused of misleading investors about his company. prosecutors say that he lied about almost every aspect of the business. global news, 24 hours a day, on air and on quicktake by bloomberg, powe