we look at judy shelton, we look at bitcoin. this story by bloomberg businessweek is really taking everyone by storm. tom: they mentioned all the right schools as well. i think it is true probably in every urban area, but after real estate it is the focus of new york city, what to do with the cherubs in not only the private schools, but i would also mention the state-of-the-art anything,ools are, if even more competitive. the schools with a heritage up in boston, boston latin. they are just as hard to get into as the other fancy schools. do spend a lot of time thinking about education for our kids, and these four-year-olds actually have to do tutoring, but also applications and interviews to get into these kindergartens. i find that fascinating. we will talk about central banks much more. that's get to bloomberg first word news with ritika gupta. ritika: president trump has fired a homeland security official who contradicted his unfounded claims about election fraud. christopher krebs is a former microsoft official who the presi

for months, judy shelton simply has not had the votes. susan collins, for example, told "the washington post" back in july, quote, in her past statements, ms. shelton has openly called for the federal reserve to be less independent of the political branches and has even questioned the need for a central bank. this is not the right signal to send, particularly in the midst of a pandemic. sensible. a sensible statement about a crank who's been nominated. in fact, what made it all the weirder, honestly, is that donald trump was the one that nominated her. and donald trump, for all his flaws, was not entirely wrong about monetary policy. i mean, the secret sauce of the donald trump economy before covid was that, because trump had no ideological bearings. he just wanted high growth to get re-elected. constantly, bullying the fed into loosen monetary policy. why he nominated judy shelton, no one can figure. but republicans were sensible enough to realize putting her on the fed was crazy and would be a really bad influence on monetary policy in t

judy shelton isn't a conservative. she is way off the ideological spectrum. for three decades and more than 50 publications, shelton advocated for returning to the gold standard. let's be clear what that means. it would mean abandoning some of the important tools we have to make people's lives better. we can't sabotage the economic recovery. we can't put people in charge that would drive us backwards many we'll all know that. you have to do president trump's bidding one more time. if we followed shelton's advice, we might be in the great recession. she said that she opposes the f.d.i. insurance, the insurance that protects your money and my money when we put in the bank. she thinks when a bank fails, we all remember from 2008, banks do indeed fail, one after another after another, if a bank fails and she thinks the families with their families savings in the bank, they should lose that money. passing f.d.i. insurance -- guarantees your money is safe in the bank, is the bedrock of our modern economy. it's not some intellectual exercise. it's real. i dare anyone

at 2:15 p.m., the senate is holding a procedural vote on the fed nominee judy shelton, and there haseen some pushback recently by some republicans. senators saying we are not that keen on the whole goal standard thing and the nonindependent thing, but if they basically pass her through this procedural vote, she will be up for confirmation. distraction, not front and center, but i think knife's edge is being used right now in order to get judy shelton to be a covenant -- to be a governor. jonathan: let's talk about jay powell. the bay area business hall of fame. are you in that, tom? [laughter] tom: no i am not. can i look at the headline of the moment? jonathan: please do. tom: walmart right now with that headline from the ceo, and this really speaks to where we are going, the idea that new customer behavior will persist. headline.is the money jonathan: sticky might be the word you hear a lot more of. let's get some more price action this tuesday morning. a little bit of optimism over the last week. euphoria, maybe. futures decline. pull back a bit on the s&p 500. we advance on the n

about must ask you governor to be judy shelton.t you to explain to our ,udience what her theory is grounded in traditional economics. if it is not classical or neoclassical, if it is not keynesian, what is shelton theory? william: i do not think i understand her theory, to be very blunt. it is unfortunate that a republican congress is pushing to confirm shelton. it would make more sense to leave those positions open so joe biden can put his imprint on the fed. at the end of the day, if shelton were to get confirmed, i do not think it would make a huge difference in policy. tom: this is so important. if you do not understand her theory, do you perceive she is coming from some convolution of austrian economics and a historical german economics from another time and place? william: she has been inconsistent. on one hand she has some sort of gold standard or hard money, on the other hand she wants interest rates low before we enter the pandemic. she seems to bend with the political wind. you want the fed to not bend with the political

the white house is standing by judy shelton.ere is what white house official judd deer tweeted out. president trump's nominee to the federal reserve is fully qualified. the white house fully supports here and we remain judy shelton will be reconfirmed upon reconsideration. they are banking on the belief this will get taken up again. we'll have to see, connell, how this all shakes out here in the upcoming days and weeks. back to you. connell: we knew it would be close. there is controversy around her economic views, support for the gold standard, what have you. we'll follow it because it could come up again. thank you, blake burman in washington. to fox's garrett tenney. lansing, michigan, as the midwest continues to be one of the hardest hit areas in the coronavirus surge we've been seeing. what is the latest where you are, garrett? reporter: connell, on monday at least 10 states reported a record number of new cases of the coronavirus. that only adds to the several dozen states that have been reporting record numbers over the l

. >>> the votes under way right now for judy shelton, president trump's nominee to the fed with multipleators in quarantine her approval is very much up in the air fascinating moving parts with regard to that an update after this short break. no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪ see yourself. welcome back to the mirror. and know you're not alone because this. come on jessie one more. is the reflection of an unstoppable community in the mirror. >>> welcome back time for our coronavirus tracker. the u.s. officially adding more than 2 million coronavirus cases so far the monday. with 13 days left to gon november it has already added more cases in one month than at any time during the pandemic iowa state issued mask mandates indoors. uta

eastern to consider nominations, including judy shelton to be a member of the federal reserve's board of governors. c-span3, the on facebook and twitter ceos testify before the senate judiciary committee about company operations and possible regulation of social media content. that is followed later by a senate commerce subcommittee hearing on how the u.s. manufacturing industry is responding to the coronavirus pandemic. journal, on washington dr. jeremy levin from the

they are looking at nominating judy shelton to the federal reserve. for this market, the policy focus isn't there. tom: what is interesting is the incongruence of the president and the care he got at walter reed, whereas from sea to shining sea, it is not happening. i cannot convey the strangeness of american media, election, election, election, and below the fold is here is the mass of the pandemic. jonathan: we've got a crisis. in the bond market, lisa abramowicz, monday, yields to the moon. by the time we get to friday, 88 basis points on the 10 year. lisa: you guys are talking about how there isn't that much pressure in washington to do anything, and there's the feeling of looking past this all, but markets are not giving any pressure. they are saying near term, it looks bad, but long-term, it looks great. the cpi datagot that came in weaker than expected. today i did: 30 am, we get the u.s. october producer price index, also expected to show deceleration, highlighting how perhaps demand isn't picking up to the degree people had expected as the vi

the senate is setting up to leave for recess without having voted on judy shelton's nomination to theed board of governors. her nomination has been left in limbo as the senate prepares to leave for this thanksgiving holiday. senate majority leader mitch mcconnell has been facing the absence of two key gop members, but has scheduled no more votes for the week as a result of that. we will continue to follow the prospects for getting president trump's controversial nominee, judy shelton, confirmed once the senate returns november 30. still ahead, scientists and pharmaceutical companies are on a fast-paced hunt for tools to control the pandemic. their efforts are paying off. on theh ceo weighs in latest blake --latest breakthrough. this is bloomberg. ♪ emily: another encouraging breakthrough in the fight against covid-19. pfizer and biontech announcing a vaccine that is 95% effective in clinical trials and will now apply for emergency use authorization in the u.s. the biontech ceo spoke earlier with bloomberg from germany. take a listen. >> we know that we will submit, or we plan to submi

we are going to see a procedural motion in the senate to approve president trump said nominee judy shelton- president trump's fed nominee duty shelton. if this goes through, do you think this changes how they think about monetary policy? alan: not much. if she gets on the fed, which i hope she won't, sheldon will be one vote -- shelton will be one vote. she won't take many people with her. she's the only one really that has the kind of beliefs that she has. but maybe a tiny bit in that the fed might think if we are going to do more, maybe we should do more before we have judy shelton voting. alix: that is interesting. alan: not a major effect, but if there is an effect, i would think about it in that way. guy: a broad kind of thought on this. do you think there has ever been a point, using there is a point where the fed can suffer from groupthink? as a result of which, do you think a more diverse group of should be on the look out this point? it looks that way to me when i joined the fed in the mid-1990's. i joined, and janet yellen joined right after i did. we were the first democrat to g

so, the two main concerns around judy shelton are around her commitment to the fed's independence, given, and then secondly, the fact that she has expressed support for the gold standard in the past, and this has been enough to cause three gop senators to say they wouldn't support shelton. this comes as two senators were absent yesterday because of covid-19 quarantining. so, the fact that senate republicans were unable to secure enough votes to advance her confirmation marks a significant road block in her path to joining the federal reserve's board of governors. so, this is certainly a space to continue watching. now, we also got some big news yesterday in the pharmaceutical space. amazon launched its own online pharmacy that will allow customers to buy prescription medicines online. doctors can send prescriptions directly to amazon pharmacy or patients can request a transfer from their existing retailer. so, this is really poised to shake up the pharmacy industry. if you are an amazon prime member, then you're eligible for free two-day shipping as well as discounts of up to 80% on gene

some republicans may also try to get the judy shelton confirmation vote. it comes down to our their votes. do the votes exist? seeine: tomorrow, we will jay powell and steve mnuchin on the hill. powell's prewritten testimony is out. transcript, it says he sees significant challenges and uncertainties because of the vaccine. he still believes that news will be positive in the medium term but he said it is still hard to assess the implications of that. the economy and a good place right now, but a lot of uncertainty with regards to covid and getting that under control. joe: i want to bring in bloomberg congressional reporter eric lawson. even before we get to the biden administration, we still have time in the current congress, current presidency. mitch mcconnell coming out this afternoon, saying he wants a stimulus deal to get aid to the american public. do we even know what is on the table from the republican side that mcconnell would push through the senate, that trump would sign? erik: mitch mcconnell was out there today talking about the need to immedia

when will you know what happens with judy shelton? >> reporter: today.vote scheduled for this afternoon and trying to reach out to see if democrats have the votes they need in this opportunity to block her. >> got it. we should mention also live on the hill that tech hearing with zuckerberg and dorsey. no major headlines out of that yet but we'll keep you posted. more news after the break. way. $9.95? that's impossible. hi, i'm jonathan, a manager here at colonial penn life insurance company, to tell you it is possible. if you're age 50 to 85,, you can get life insurance with options starting at just $9.95 a month. okay, jonathan, i'm listening. tell me more. just $9.95 a month for colonial penn's number one most popular whole life insurance plan. there are no health questions to answer and there are no medical exams to take. your acceptance is guaranteed. guaranteed acceptance? i like guarantees. keep going. and with this plan, your rate is locked in for your lifetime, so it will never go up. sounds good to me, but at my age, i need the security of know

also on their agenda, the nomination of judy shelton to serve on the federal reserve order governors. watch the house live on c-span and the senate live on c-span 2. tuesday morning, facebook ceo mark zuckerberg and twitter ceo jack dorsey answer questions about censorship. they will testify before the senate judiciary committee, live at 10:00 a.m. eastern, on c-span3. or listenc-span.org, on the free c-span radio app. >> sunday night on q&a, sarah brain talks about the use of big data and new surveillance technologies by law enforcement. >> the police have long been collecting their own data and information, but what's happening now in the digital age is that police are increasingly collecting information on all these folks who have no direct criminal justice contacts. part of that has to do with this data,y component of big that they are increasingly purchasing information from privately collected companies. they are using tools like automatic license plate readers, where you do not have to get pulled over by the police read data into your system. >> shortly after 10:00 a.m., presid

atc-span2 the senate is back judicialdiscuss nominations, including judy shelton to be a member of theederal reserve board of governors. facebook ceo and twitter ceo mark zuckerberg testified before the senate judiciary committee about company operations and possible regulated social media content. ont is followed by a hearing how the u.s. manufacturing industry is responding to the coronavirus pandemic. listened to c-span's podcast "the weekly." we are talking about women in recent elections. what changed this election cycle for women and why? "weekly" where you get your podcasts. harrisbiden and kamala spoke about their economic recovery plan after meeting with business and labor leaders.

also on the agenda, the nomination of judy shelton to serve on the federal reserve board of governors. watch the house live on c-span and the senate live on c-span two. here is a look at our live coverage for monday. for c-span at 10:00 a.m. eastern, the middle east institute hosts a discussion on u.s. foreign policy under the incoming biden administration. governor republican larry hogan of maryland talks about politics in the u.s. and the coronavirus response. and the house returns for legislative business at 2:00 p.m., taking up a number of bills on veterans issues. on c-span two, democratic representative l hand omar talks about the legislative agenda headed into the new congress at 11:30 a.m. eastern. the senate is back at 3:00 to work on a judicial nominee for the southern district of mississippi, with a procedural vote on the nomination scheduled for 5:30 p.m. eastern. >> monday night on the communicators, we will talk about the ways the 2020 election will affect the tech and communications industries. a big issue i am watching is how a biden administration might try to regulat

anytime senate republican leadership is working to get the votes to confirm judy shelton for the federal reserve board of governors. in the house bills dealing with veterans issues, faa oversight and human rights in china. off the floor both parties are selecting their leadership for the next two years. if you don't have tv can watch our live coverage online at onlt c-span.org or listen with the free c-span radio app. >> tonight on "the communicators" we'll talk about the ways the 2020 election will affect the tech and telecommunications iustries wi tech reporters cat zakrzewski of the "washington post", kyle daly of axios, and john hendel of "politico." >> the issue i'm watching is how a bike administration might try to regulate social media companies. obviously this 2020 election has been a major test of the election integrity policies of these companies have adopted over the last few years. >> one thing that the biden administration pretty early on is going to figure out what they're going to do with is they are inheriting at the very least a google antitrust lawsuit from the doj. >>

new news on judy shelton's road to confirmation. lamar alexander of tennessee is voting against her nomination. staying in a statement, i oppose the nomination of judy shelton because i am not convinced she supports the independence of the federal reserve board as much as i believe the board of governors should the story was first reported by the woechlt, which also notes that senators romney and collins have also previously said they would vote no on shelton the senate majority leader mitch said last week he would advance shelt ton's nomination to the board in july. they grilled her on her independence, her support previously of the gold standard. this is going to be a tight vote for her. it has been put back on the agenda we will see if she is able to squeeze by it has been controversial from the start. >> it is going to be close now that it is coming well after the election i guess gives more grounds for people to slip against what they are being told to do and perhaps vote against confirming we will see what happens there for ju

also on their agenda, the nomination of judy shelton to serve on the federal reserve board of governors. c-span,e house live on and the senate live on c-span two. announcer: you are watching c-span, your unfiltered view of government, created by america's cable television company as a public service, and brought to you today by your television provider. >> this week on "the communicators," a discussion of the incoming biden administration and some of the communication and tech issues that it may face. joining us, wrtiers from the washington post, politico, and axios. what do you think is going to be one of the major issues that the incoming biden administration may face? kyle: one thing the biden administration early on will figure out what they have to do with is they are inheriting at least a google antitrust lawsuit from the doj. and, you know, there is speculation about how politically motivated it may have been, but nevertheless the actual text of this thing is fairly narrow and fairly focused on issues that democrats have raised as well about the market power of google. they will

agenda,their the nomination of judy shelton to serve on the federal reserve board of governors. watch the house of representatives live on c-span, and the senate live on c-span2. tonight on "the communicators," we will talk about the ways the 2020 election will affect the tech and communications industries. an issue i am watching is how a binding administration -- a biden administration might try to. regulate social media companies. this. -- mike to try to regulate social media companies. this election has been a test of the policies these companies have adopted over the past few years. >> one thing the biden administration is going to have to figure out early on is they are inheriting at the very least a google antitrust lawsuit from the doj. the people who have talked about help point to broadband. they talk about people who are struggling to have connectivity at home when they need to be be safe sometimes. i think that is a huge thing to watch in the weeks and months ahead. >> tonight at eight a clock p.m. eastern on "the communicators" on c-span2.

david: which takes us to the nomination of judy shelton to the federal reserve.has been withdrawn. it was voted down, but could come back. do you expect it to come back? sen. rounds: it will depend on whether we can get the votes. we had the votes yesterday early in the morning. when several of our members came down that were either in quarantine or actually, in the case of senator grassley, who missed his first vote in the senate since 19 90 three under doctor's orders, that made --that meant we were down two and we did not have any votes to spare. they were expecting vice president pence will be the tiebreaker. i supported her nomination. i think she would have been good on the board, but nonetheless, you have to have the votes if you want to get it done. when you have people missing, it makes it more difficult to get the job done, particularly when it happens on short notice. david: indeed. senator, a pleasure to have you with us. senator mike rounds, republican of south dakota. shares of dish network are following --are falling. the fcc is reporting the got d

judicial nominations, including judy shelton to be a member of the federal reserve board of governors. facebook ceo and twitter ceo mark zuckerberg testified before the senate judiciary committee about company operations and possible regulated social media content. ont is followed by a hearing how the u.s. manufacturing industry is responding to the coronavirus pandemic. listened to c-span's podcast "the weekly." we are talking about women in recent elections. what changed this election cycle for women and why? "weekly" where you get your podcasts. harrisbiden and kamala spoke about their economic recovery plan after meeting with business and labor leaders. the president-elect also spoke about the coronavirus, warning there could be more deaths without coordination from the trump administration on efforts to distribute a vaccine. from wilmington, delaware, this runs half an hour. vice president-elect harris: good afternoon. president-elect biden and i just met with some of our nation's business and union leaders. together they represent millions of workers across our country. and some

the senate blocked the nomination of judy shelton to the federal reserve board. it's a step back for mitch mcconnell and president trump with senators in quarantine. the republicans fell short of the votes needed. the senate can reconsider her nomination, but time is running out. the u.k. is announcing a 12 billion pound plan to tackle climate change. in a blueprint, boris johnson says the move will create support for as many as 250 thousand jobs. sales of new petrol and diesel 2030,ill be banned from earlier than anticipated, and the government will invest in electric vehicles and renewable energy. three former lawmakers in hong kong have been arrested over a scuffle in the legislative council chamber earlier this year. they have been detained for allegedly trying to disrupt a vote banning criticism of the chinese national anthem. the arrests are the latest blow to hong kong's democracy movement after the passage of a sweeping security law in june. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts

agenda, the nomination of judy shelton to serve on the federal reserve board of governors. watch the house of representatives live on c-span and the senate, live on c-span two. >> we are just standing by. this is a view outside the neil armstrong operations and checkout building. inside is the historic astronaut crew quarters and sit up room. quarters. there's look at the doors that the crew will be walking out of any moment now. there is a view of the door the crew will be stepping out of any moment. >> and you see the sticker on the door. >> you can see along the door frame, even more stickers, i believe there's one sticker from

the's a quick check of first word headlines are the nomination of judy shelton to the fed board has been blocked in the senate. and sent back to president trump. majority leader mitch mcconnell after covid-19 exposure forced two republicans into quarantine. the party was left short of the votes. mcconnell switched his vote to no. the outcome became clear. the senate may reconsider shelton's nomination later this week. is said to be close to a deal on futures - a breakthrough may come on monday although both sides say there is some way apart on a range of issues. anyces in brussels say agreement would require london to compromise and prime minister boris johnson told his cabinet a final deal remains far from certain with time running out. thet morrison has become new japanese prime minister as he tries to build a coalition of like-minded democracies to challenge china's position against asia. they signed a new defense to following the so-called -- talks in tokyo last month. he says it is illegal for a way for each country's collaborate -- to collaborate in military exercises. china is bei

the senate has blocked the nomination of judy shelton to the federal reserve board. it is a setback for mitch mcconnell and president trump. with two senators and quarantined, the republicans fell short of the votes needed. the senate can reconsider the nomination, but time is running out. trump has fired his cybersecurity chief after he contracted -- contradicted claims of widespread election fraud. his agency declared the vote the most secure in american history. the move had been widely expected and comes a mid-a purge of senior -- amid a purge of senior officials. the u.k. is announcing a 12 billion pound plan to tackle climate change. the prime minister says the move will create and support as many as 250,000 jobs. sales of new petrol and diesel cars will be banned from 2030 and the government will invest in renewable energy. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. coming up, the ecb president doesn't see the vaccine news changing stimulus plans. this is bloomberg.

agenda, the nomination of judy shelton to serve on the federal reserve board of governors. watch the house of representatives live on c-span and the senate, live on c-span two. >> we are just standing by. this is a view outside the neil armstrong operations and checkout building. inside is the historic astronaut crew quarters and sit up room. quarters. there's look at the doors that the crew will be walking out of any moment now. there is a view of the door the crew will be stepping out of any moment. >> and you see the sticker on the door. >> you can see along the door frame, even more stickers, i believe there's one sticker from every mission but i did notice that there was just enough room to put the crew 1 sticker up. >> here they come. the crew 1 astronauts now beginning their journey to the launch pad ahead of this historic mission to the international space station. outside the bil building, we hae friends and family gathering there with prior to liftoff. that's a different thing to the shuttle days. last time we saw our the day before launch. typically, shuttle laun

a controversial nomination of judy shelton to the fed board is hanging by a thread and there is little chance it will be revived. the senate is preparing for thanksgiving recess. on's lawmakers return, democrats will pick up another seat. that makes confirming shelton a tougher battle. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more i'm ritikauntries, gupta. this is bloomberg. tom: thanks so much. equities, bonds, currencies, commodities. -- futuresatives -16. the vix at 20 to come out to 23, --k up to when he 4.31 224.31. a 10-year yield, 8.5%. we are going to get an 8.4 on that in a moment with the curve flattening. oil pulls back after two interesting days, and dollar, a little bit of dollar strength right now. francine, what do you have? francine: i have a similar data check to yours. stocks are falling, and again it is because of the pandemic resurgence, and that today seems to overshadow progress toward the vaccine. but it just flips day in and day out, so going too much into that with the bright spots, ast

that tightened margin for the gop to confirm judy shelton to the federal reserve board.ith three republican senators opposing shelton and florida republican rick scott also in quarantine, republicans could fall short of the votes they need to confirm her. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. david? david: thank you so much. last spring when the first covid crisis hit united states emts were called upon to give the first line of defense, including the 38,000 men and women that work at global medical response, transporting men and women to hospitals around the country. now we're heading into a new wave of the pandemic and we welcome dr. ed racht, chief medical officer of global medical response. what are you seeing on the front lines now as we see the numbers of infections and hospitalization spike up. how is that affecting your business? ed: the volume is increasing. the difference from the previous components of the illness is this

in the meantime senate republican leadership is working to get the votes to confirm judy shelton for the federal reserve board of governors. in the house bills dealing with veterans issues, faa oversight and human rights and china. off the floor both parties are selecting their leadership for the next two years. if you don't have the tv you can watch our live coverage online at c-span.org or listen with the free c-span radio app. >> listen to c-span's podcast the weekly. were talking about the recent elections with kelly dittmer from the center for american women and politics at rutgers university. what changed this election cycle for women and why. find c-span's the weekly where you get your podcast. >> host: joining us to talk about the presidential process of a presidential transition is max stier, president and ceo of the partnership for public service and the group center for presidential transition period max stier we will start by

on a slightly different topic, i want to ask you about judy shelton's nomination to the fed board ofnors failed to win enough support to confirm her for the job. do you know whether leader mcconnell plans to try again, and if so, how soon? sen. blackburn: it is my understanding that this is going to be tried again. i do not know what the timeline is on that. emily: before we go, obviously the issues around facebook and twitter do relate back to the president's refusal to concede the election. as we discussed, he continues to claim voter fraud. do you think it is fine that he concede? are you concerned there will not be a peaceful transition of power, which is important to any government? sen. blackburn: there is going to be a peaceful transition whether it is a trump second term or a biden presidency. there is a process that is laid as yout is followed, remember, when al gore was running, there was a 37-day process that we went through before a decision was finally made. ,et's let that process play out and then let's make certain that people are going to be confident in knowing that

the controversial nomination of judy shelton to the federal reserve board is hanging by a thread.here is little chance it will be revived. the senate is preparing for its thanksgiving recess. once lawmakers return, democrats will be picking up another seat. that makes confirming shelton an even tougher battle. the city of phoenix has improved plans -- has approved aslate of plans for billion-dollar chip plant. it will address national security issues about the supply chain. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ jonathan: from london and new york this morning, good morning to you all. alongside tom keene and lisa abramowicz, i'm jonathan ferro. we are about 12 minutes away from jobless claims in america. your estimate is about 700,000. we want to get you up to speed on how we are positioned going into that data point. the hope that things will improve into 2021, we've got to grapple with how much things will decelerate in the months to com

president controversial nominee for the president -- for the federal reserve board of governors, judy sheltonird republican says he opposes the nomination, lamar alexander of tennessee. that means approval could depend on whether all republicans who support shelton could shop for about. a procedural vote is set for today. learned the two sides are edging closer to agreement on the biggest sticking points. the urgency is ramping up on the with britain's departure from the eu single market on december 31 fast approaching. agreement, millions of consumers will face the return of quotas and tariffs for the first time in a generation. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am ritika gupta. this is bloomberg. guy? guy: a bit of breaking news when it comes to saudi aramco. the company needs to issue bonds to pay for its dividends and we are getting details in terms of the size and scope of that. saudi aramco set the size of its dollar bond offering, $7.5 billion. powellt an hour, jerome will be spe

there to vote against the nomination of a controversial pick for the board of the federal reserve, judy shelton. shelton is opposed by many democrats but lots of republicans, even current members of the fed for her unusual ideas about the economy and her opinion that the fed should be more loyal to the office of the president of the united states. harris' vote was enough to sink the nomination at least for now. >>> the faa cleared the 737 from boeing, the 737 max, to fly again. though it will be some time before you are booked to fly on one because pilots will need to be trained on the changes made after two fatal crashes. >>> a bay area-based drone company has scored new funding, $50 million worth, and says it will move much of its operations to bend, oregon. i spoke with the company ceo who says it's less of a move than it is an expansion into oregon. one way or the other the high cost of making it in the bay was definitely a factor. >> obviously the bay area is the most expensive market to live in. bend is on average 25% cheaper for us to set up and establish. >> we're seeing this a lot with

the arctic reserves so that oil companies can start drilling there pushing for the nomination of judy sheltonthe middle on the federal reserve. many republicans don't say she's a good fit and he's told the pentagon he wants to cut u.s. troop numbers bringing the u.s. troops home, of course, is something he has been working on for quite some time and promised in his first election. military leaders have opposed it leading to the resignation of mattis and mcguirk who led the fight against isis for america. we're tracking everything that's happening in washington. can you find me on twitter and facebook @scottmcgrew. >>> thank you. let's bring it back home for you right now and to the new covid challenges we're all facing. >> so many counties move into the purple tier, it seems people are panicking out there as well. i went to the store last night about 5:30 after the announcement came out just to buy things and shelves were already empty. and i did take that last toilet paper roll there myself. what's going on? we don't want people to get in the panic mode once again. >> reporter: yeah. certain

the controversial nomination of judy shelton to the federal reserve board is hanging by a thread, and there is little chance it will be revived. the senate is preparing for its thanksgiving recess. once lawmakers return, democrats will be picking up another seat. that makes confirming shelton an even tougher battle. the u.k. and canada are on the brink of reaching a post-brexit trade deal. that would avert each side imposing tariffs when the transition period ends. an agreement could be announced within days. the city of phoenix --global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ mr. biden: i can't do any of this until i am sworn in. i mean, there's hardly been a meeting that has taken place in the white house about any of this. jonathan: the pressure intensifying just a little bit from the bite side. that was president-elect joe biden on the transition process. alongside tom keene and lisa abramowicz, i'm jonathan ferro. let's touch base on the price acti

. >> yeah, judy shelton is one of the worst nominees to the fed in my lifetime.demned, the national review on the right to every publication i know of on the left. i hope that slot is open for president biden to fill with the types of excellent candidates for the fed in the past. >> we should point out that mitch mcconnell is showing no reluctance towards the white house to nominate people in the last couple of days, the boards and to rush through the confirmation in closing days. unprecedented to do this during the transition that is already this brief. jason furman, thank you so much. we'll be talking to you often, i hope as time progresses as we watch this economic team get into shape and kick off. >>> and the ex-trump administration official in charge of keeping the election safe is slamming the president for pushing conspiracy theories call it dangerous to the country. senator mark warner joining us next. you're watching "andrea mitchell reports" on msnbc. on msnbc. with alka seltzer plus severe power fast fizz. dissolves quickly, instantly ready to start wo

this play out the other day, you know, there was basically a filibuster over the domination of judy sheltoney didn't have enough senators there who supported her nomination because of quarantine. covid is expanding and we often say on capitol hill that congress is a microcosm of the res of the country now you've heard of fights over mask at wal-mart or grocery store what about fights over masks on senate floor. listen. >> by asking presiding officer to please wear a mask. as he speaks and people below him are i can't tell you what to do. but i know that behavior. >> i don't wear a mask when i'm speaking like most senators. >> most senators -- >> i don't need your instruction. >> i know you don't need my instruction but clearly must interest in this body in public health. >> at least 25 house members and six senators have tested positive that includes 87-year-old iowa senator chuck grassley he serves a the president of the senate and is in third in line to the presidency. senator door keepers and security staff admonished outgoing martha mcsally for taking maskless photos off the floor with

the senate voted tuesday to block the confirmation of trump nominee judy shelton to the board of the federal reserve. the 47-50 vote came after two republican senators missed the vote -- chuck grassley, who has covid-19, and florida's rick scott, who is quarantining after exposure to the virus -- and two republican sided with democrats, mitt romney and susan collins. lamar alexander was not present for the vote. jority leader mitch mcconnell changed his vote to "no," a procedural maneuver that gives him the chance to bring her nomination up again later. shelton has criticized the fed's independence and has advocated returning to the "gold standard" -- a controversial monetary system where the value of the dollar would be directly linked to gold. she has also been condemned for changing her views to line up with trump's and for regularly scheduling press interviews at the trump hotel. as secretary of state mike pompeo is scheduled to visit an illegal israeli settlement in the occupied west bank this week, over 40 house democrats are calling on him to condemn the illegal demolition of

could still track to consider the nomination of judy shelton to the federal reserve board, but it is unclear if the result would be any different. the senate handed majority leader mitch mcconnell and .resident trump a major setback u.s. regulators say the boeing 737 max can safely return to the skies. the plane will resume flights after a grounding two fatal crashes. best-sellings jetline. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> we need the fiscal stimulus. we needed relatively quickly because i can see where the second wave is coming. you can see consumers bending beginning to get impacted again. >> from london and new york this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. want to turn to the price action at the moment. for our audience worldwide, this is the story right now. equities with a lift off of the back of some pfizer headlines. in its final analysis clinical trial data, it's vaccine was 95% e

it could jeopardize a procedural vote on judy shelton the pentagon says that for the first time it hasuccessfully tested a ship based missile capable of intercepting intercontinental nuclear attacks. military officials call it a critical milestone in missile defense. >>> in vienna, the streets are deserted as austria starts a partial lockdown people are banned from leaving their homes except to go to work, get essential supplies, exercise, or help others who need assistance. and this is how you start the second half of a football game chicago bears return specialist core del patterson taking the vikin vik kickoff and returning it a record -- he keeps going and going and going, 104 yards for a touchdown. you're up to date. that's the news update this hour out to you >> thank you, sue. it's been a busy few days for ipo launches door dash is on friday airbnb will be over a decade old when it goes public. there say lot to dig through however, it was a little light on some key areas despite it being 400 place pages. there were lots of mentions of covid-19 and pandemic. not a lot on specific

there to vote against the nomination of a controversial pick for the board of the federal reserve, judy sheltonn is opposed by many democrats but lots of republicans and even current members of the fed for her unusual ideas about the economy and her opinion that the fed should be more lyle to the office of the president. harris' vote was enough to sink the nomination for now. >>> the faa cleared the boeing 737 max to fly. pilots need to be trained. a bay area drone company has scored new funding. $50 million says it'll move much of its operations to bend, oregon. i spoke with the ceo who says less of a move, more of an expansion. one way or the other the high cost was a factor. >> the bay area is the most expensive market to live in. so bend is on average 25% che cheaper to set up and establish. >> we're seeing this a lot with companies. oftentimes they are moving significant amounts of their operations elsewhere. back to you. >> they can save a lot of money, too. >>> 5:17 this morning. and trending for you in an interview with oprah on apple tv plus former president barack obama opens up about

senate majority leader mitch mcconnell is setting up a confirmation vote for judy shelton at the federal as early as next week. she has drawn criticism for her past support of the gold standard and her question of the need for a central bank. at the same time, president-elect joe biden is on the hunt for his treasury secretary. while brainerd is reportedly at -- lyle brainard is reportedly at the top of that list. what would that mean, if she was head of the treasury? sonali: the most important thing is she was a little harder on the banks. you've seen a lot of the other fed governors -- harder on the bank then you have seen a lot of be during the trump era. you can start to see a picture that might be a lot harder on the entire financial system than initially expected. guy: there's a story on the bloomberg that is getting a lot of traction today. it is about the sec, about people like gary gensler potentially moving into that post. that would certainly have wall street worried. is that where the focus would be? sonali: absolutely. there is a timeline to look at, too. preet aurora is als

. >> bret: the senate has rejected president trump's nominee to the federal reserve board, judy shelton who was controversial among democrats and some republicans for wanting to return the u.s. to the gold standard, the white house remains confident she will be confirmed upon reconsideration. the dow fell 167, the s&p 500 lost 17, the nasdaq dropped 25. republicans continue to chip away at the democratic majority in the house, former pro football star burgess owens has defeated democratic incumbent ben mcadams for a four seat g.o.p. sweep in utah, that puts the current balance of power at 219 for democrats, one over the majority and a 204 for republicans. 12 races remain undecided and republicans lead in ten of those uncalled races so far. as the focus of the next few weeks in national politics centers squarely on the senate runoffs in georgia, to examine the increasing role of people from outside the state. correspondence jonathan serrie reports from atlanta. >> winning both georgia seats would give democrats partisan control of the u.s. senate should president trump's legal challenges

he's pushing the nomination of judy shelton on the federal reserve even though many republicans don'tood fit. and he's told the pentagon he wants to cut u.s. troop numbers in iraq, afghanistan, and somalia. bringing the u.s. troops home is something president trump has been talking about and pushing for since becoming president. president trump continues to stand in the way of many people including president-elect biden's transition. yesterday the president-elect used his strongest language yet saying trump is blocking his efforts to work with the u.s. government health leaders over coronavirus and those actions by trump will cost american lives. >> more people may die if we don't coordinate. if we have to wait until january 20th to start that planning it puts us behind over a month, a month and a half. and so it's important that it be done, that there be coordination now. now or as rapidly as we can get that done. >> stanford university rebuking one of the members of president trump's coronavirus team, scott atlas, part of stanford's conservative hoover institution. said people in mi

senate blocked judy shelton's nomination to the federal reserve board. secttor and vice president-e kamala harris cast the decisive vote, joining her fellow decrats and two republican they opposed the conservative economics commentator over her nunciations of the fed, among other things. still to come the leaders of , facebook and twitter face congressional questioning over alleged political bias. polling place officials from yross the country discuss their experience in thr's historic vote. president trump persists in his refusal to concede defeatwo weekafter election day, and much more. announcer: this is the "pbs newshour,"roweta studios in washington and in the west from the walter cronkite school of journalism at arizona state universi. judy: social media under fire, top executives of tech giants amna nawaz reports.akers today. amna: a barrage of itestions and ism for the ceo's of twitter and facebook, appearing virtually before a senate judiciary committee hearing on censorship, disiormaon, and the 2020 election. >>nc what evido you have that these

also on their agenda, the nomination of judy shelton to serve on the federal reserve board of governors. watch the house live on c-span and the senate live on >> you are watching c-span, your unfiltered view of government, created by america's cable television companies as a public service and brought to you today by your television provider. look atht on c-span, a the president's motorcade departing from the white house this morning, passing his supporters in nearby freedom plaza. then, the march for trump rally in washington, d.c. after that, a review of the presidential election and what to expect from a biden administration. >>

the confirmation of president trump's controversial federal reserve board of governors nominee judy shelton to give you context here. the vote was 47-50. two senators missed the vote. one of them, chuck grassley of iowa, he's quarantining. this is the first vote he has missed in 27 years. but we should tell you that three republicans, susan collins, mitt romney and lamar alexander, all said they would not support miss shelton due to her controversial and somewhat unorthodox policy views as they put it. she wants to return to the gold standard. first time around, senate's blocked it. >>> airbnb looking like it is perhaps well on its way to recovery from the pandemic. the vacation rental platform opening the door to a december public market debut with its ipo perspective -- prospectus, rather, which it filed late yesterday. the hotel disruptor reports it narrowed its revenue dropoff from 72% in the second quarter to just 18% in the third quarter. that rebound helping the travel unicorn turn a $219 million profit during the period. travelers appearing to agree with the cdc that airbnb is a les