kailey: it's good point.s this priced into the oil markets given this move toward reserve releases has been well telegraphed over recent days and weeks? oil moving higher today. of course, we await any action or reaction from opec+. amanda: let's bring in amrita sen. on the one hand, we could get reaction from opec. another this is priced in. what's your take on the release of reserves and relevance of the supply side? amrita: i think you hit -- i mean, you kind of touched on both points. the first one, i think the more important one, is the volume that you're talking about, 65 million barrels without china. it's about half the number that was being touted around by various analysts who were talking about 100 to 120. we've been of the view, it will repackage what they've already been doing, asia, china, india, korea, they've been releasing the reserve throughout the year. this is a repackaging that were happening anyways, such as china. china has not come out to announce anything in any case. we understand th

you mean kailey? kailey: i have my appointment next monday.athan: coming up, portfolio manager of morgan stanley investment. this is bloomberg. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. jonathan: live from new york city, here is monday morning price action. bounce back. friday was vicious. up 0.9% on the s&p. talk about an unconvincing ounce. we work through a wide range of outcomes. this is what it means elsewhere, a taste of foreign exchange. the yen with a huge move on friday. this morning, 0.5%. that is nothing. in the bond market, the federal reserve stuck between a rock and a hard place. two year yield up for basis points, -- up four ba

kailey: dr.kosz speaking to us earlier. anna edwards and kailey leinz in for tom and jonathan today taking a long weekend after the thanksgiving holiday. this is not the black friday we imagined. the market digesting news of a new covid 19 variant first founded south africa that appears to have many more mutations than the first virus. the market is not taking this well this morning. there is a lot of fear. how worried as news of this variant make you? >> is obviously a matter of concern. it is not something the day after thanksgiving i am thankful for. this is a new variant that has cropped up in south africa it is starting to spread around johannesburg. the major questions the investigators are looking at does it spread as rapidly or even more rapidly than delta and could it make more severe disease if you do become infected, and number three, kennett evade the protection and if so, how much, that we currently get from our vaccines. kailey: the who and biontech does partnered with pfizer to mak

kailey: there's been a number of them. many of them, there haven't actually been that many changes in terms of what the implications are going to be of this variant because we just don't know yet. what does a day like friday even mean? was it really just a selloff based on covid-19, or as peter tchir has pointed out, was it something else? tom: let's get to the data. i am going to mention euro, $1.1281. it did not get to a $1.11 handle. jonathan: you wonder what the front of the newspaper will look like coming off the back of that print. yields have a lift. crude has a lift. euro-dollar on the back foot. there the move in crude, $71.45. on crude we have had a lift come on brent and wti. yields higher to 1.5449%. the move on friday was so much more than just about a new variant. we've got so much more to grapple with here. credit spreads or near the white of the year. not quite there, but approaching them. that is something to get your attention. i've heard a lot of people talking about the back end of 2018. that was a very

kailey: i have not even started my shopping at.e still have the ability to spend more because you have seen a lot of excess filled up over the course of the pandemic. many economists say, what happens when people start to tap savings if the price increases keep coming and you have to keep paying more for food and the gas station remains the question. tom: we begin the shopping somewhere in the vicinity of december 3. stay with us. ♪ leigh-ann: i'm leigh-ann gerrans with bloomberg's "first word news." president biden giving a speech on the economy and the fight against inflation. waiting on the decision on the next federal reserve chair as a possible move to bring down energy prices. the white house said the announcement on the fed will come before thursday. in china, the center bank signaled easing measures to eight economies for recovery and monetary policy, removing a few key phrases from previous reports including sticking with "normal monetary policy." beijing expected to pick up on monetary easing and fiscal stimulus. bloomber

you mentioned that clothing is becoming a popular gift kailey: kailey:.at the category of retailers that is seeing the most in-store traffic? douglas: yes, people still want to try on clothing. they want the experience of browsing. it is not as planned a shopping purchase. you go and looking for clothes, not for a specific item, so you want that discovery. you also don't want the hassle of returning items that don't fit, so apparel and retail we think this year will see a big used. guy: our consumers feeling positive? we have seen a lot of contradictory evidence that consumers are worried. they are looking at what is happening in the gas station, see prices going up. at the grocery store, they see prices going up. that takes more disposable income and ways on sentiment. are you seeing any evidence of that in your data? douglas: we actually do track the holiday cheer index. this year it is up 21% compared to 2019, when we last ran the study. it tends to continue to rise as we get closer to the holiday. interestingly, cheer is highest among those who have a

kailey leinz trying to visit all six continents this year. kailey: i've not touched antarctica yet.tures down to -25 on spx. tiffany wilding at 12:00 after the 10:00 economic data. stay with us. this is bloomberg. ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. lisa: from new york city to our audiences around the world, good morning. 30 minutes until the start of trading. the nasdaq leading the trend lower. .7 percent decline after better-than-expected economic data brings forward economic expectations. i am lisa abramowicz. the countdown to the open starts right now. >> everything you need to get set

jonathan: kailey leinz?ailey: you see the power crunch in particular is biting and that comes back to the conversation, why cop 26 will be so difficult because china is telling coal producers to produce as much as they can. they are worried about shoring up support for the communist party and less worried about climate change. jonathan: up 17 on the s&p. 4/10 of 1%. apparently, no journalistic integrity when you recommend things to buy. lisa a.: highlighting potential problem spots. jonathan: downside, i get it. futures up 17. from new york, this is bloomberg. laura: with the first word news, i am laura wright. ceo jes staley is stepping down from barclays amidst an investigation into how he characterized his ties to jeffrey epstein. on friday, staley and the british bank received u.s. regulators' preliminary consideration. they will rip -- replace staley. the u.s. and european union have reached a tariff busting trade agreement to fix the steel and aluminum market to leverage it into a broader global arrang

kailey: by hundreds of thousands wide.y much every jobs report we have had over the last six months or so, because it is impossible to forecast in this economy. without people would come back in the labor market wants schools started, unemployment benefits rolled off, those turned out to be not as predictable. tom: this came in and i showed it to kailey, and she got misty eyed, the emotion and the christmas season here as well. we want to start with the tree -- [laughter] kailey: one ornament each. tom: kennel fee, everyone. jonathan: the yellow stain on the wall. i figure that out quickly. tom: on radio, it is a painful tree. jonathan: thanks for sharing that. we are almost into december. tom is getting festive. it's beautiful. ♪ this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is comm

at some point kailey leinz does have to go home. kailey: i would like to. seems fair enough. bloomberg is not done. you have a great lineup coming up. jay hatfield come into capital advisories joining next. this is bloomberg. ♪ >> the most crucial moments in the trading day. this is bloomberg markets -- the close, with caroline hyde, romaine bostick, and taylor riggs. taylor: this is "bloomberg markets -- the close." stocks are -- reacting to fears a new covid variant could hurt the economic recovery ahead of one of the biggest travel weekends of the year in the u.s.. variant fears are leading governments from the you take a hong kong to tighten up restrictions on travel singling -- sending airline stops tumbling. black friday is underway in th

kailey: up from -- lisa: up from 4.1% on the previous read.s would be the fastest pace of inflation going back to 1990. this is what the fed is watching. they are watching prices go up. they're watching the labor market tightening. they are seeing wages rise, but it is not an inclusive kind of labor market yet. this is the tension. what do you sacrifice? what do you react to first, inflation, or a low unemployment rate that they are looking for? tom: mervyn king, the former governor of the bank of england, he has an article on bloomberg opinion. i put it out on twitter. the former governor of the bank of england just tears to shreds that we are transitory. kailey: inflation is here to stay is the message there. i think it will be really interesting. can we get a 5% handle and see consumption going up at the same time that maybe consumer sentiment is waning? it will be interesting to see how all of those data points fit together or if they really send conflicting signals. tom: my signal is they wait for the data. all central banks wait to see w

kailey leinz very much in. the issue you have raised, and rightly so, is what will the effect be on price. tom: the units, will it be this some total we just heard from julian lee? it is a global effort. that is unique, a little bit different than what we have seen before with the spr. price beats all, and i will call it a churn moving brent crude down to an $80 level moments ago. lisa: fighting inflation the key issue for so many of these nations, more acutely felt perhaps in the united kingdom, but here in the united states, a political potato as we get the pce data that is key for the federal reserve. tom: i would also note it is a gallon of gas, and the answer is it reacts slowly. the price of oil is out front of a gallon of gas. kailey: it has a trickle-down effect. it is not an immediate impact. the american consumer facing higher prices at the pump as they try to load up and head out for the holiday here in the u.s., they are not going to file immediately, so it may not be the boost in terms of the suppo

he is off today and kailey leinz is in. from the beast and all of these sites over to what matters , you better get a decent cup of coffee at the end of thanksgiving dinner. alyssa farah -- lisa, jonathan ferro has a cup of tea? lisa: i'm sure he makes espresso and it is prophetic calibrated and all of that. tom: kailey is having her tea right now. a gluten-free herbal thing. [laughter] we are going to get smarter as best we can with kona haque. she is with edie and death -- with ed&f. let's start with coffee which is jaw-dropping. let's start with any assumption, your world of coffee has gone up ginormous and a cup of coffee at starbucks has not gone up as much? why is that? kona: it takes a while to get through to the retailers. this is a fast-moving market. the crux of the reason prices shot up is because of the brazilian harvest. i suppose the retailers have longer before they pass on the price to consumers. it is wages, inflation, energy bills. was that gets passed on, it will happen. tom: turkey is up 21% this year an

kailey: highly publicly. tom: these are material drops. it is science talk and it is a little bit inflammatory. i am critical of somebody with skin in the game saying material drop when there is no science evidence. jonathan: let's wait for the data. some people saying it could be weeks. tom: i think he had a material drop in his profile. jonathan: you don't have to go there first, i think we start with a question you want to talk about. can central banks maintain this governor stitt considering the backdrop we have currently? alberto: i will give you a quick answer. as a bottom holder in treasuries or euro zone government bonds you have two choices. you could lose money slowly or lose money quickly. either central banks remain dovish but we have the problem of inflation. or the yield curve comes up. central bank is going to try to be as dovish as possible. for the fed it will be much harder game plan next year with unemployment probably having a free handle. picking up not just in consumer goods and manufacturing but also in services. con

kailey: a lot dropping.esting because this is a holiday shortened week, so what does that data windup meaning for the bond market that could not just have that as a catalyst, but a number of things throughout the week? lisa is sleeping on her game. lisa: there's a five-year auction this week, not a moment of low liquidity. i've got to say, and you brought this to my attention earlier, this headline that came across with bulb energy being placed into special administration. basically, javier blas is going to be joining us shortly, saying this is the biggest casualty of the energy crunch in the united kingdom, and this basically puts the massive energy supplier into government control at a time when energy prices are spiking ahead of the winter. tom: they do a nice layout of this. for our american viewers, jon ferro is hardwired on this. all of a sudden, your bills can go up. i want to look on a monday of this week, waiting on the fed pick, that once again, equities have a bid. lisa: given the fact you have th

kailey: maybe more clarity that we don't know.aybe pushing back, we heard from a dharna overnight that it would be a substantial drop. maybe he just tells americans not to panic. jonathan: the comments from a, not just the comments but the reaction to the comments is bizarre overnight. tom: maybe he will come out and clarify. ceos could speak out of turn. jonathan: the message itself wasn't new. we still need to wait for the data. tom: i love that. adverbs, talk about clarity. jonathan: futures down 43 on the s&p. on tv and radio. this is bloomberg open -- "bloomberg surveillance." ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required.

kailey: we saw places like the u.k.ring flights from south africa and neighboring countries before we have those answers, so i wonder if you start to see a reversal in some of that policy response because again, there is so much that we don't know, that doesn't apply to just markets, but policymakers across the board. jonathan: so you need a pci test to go into london now, and before your second day you need another pcr tests, you should self-isolate into you get a negative result. that is what your entry into the u.k. would look like later this week. tom: i am a current on this. do you carry pcr tests with you in your luggage? jonathan: you have to preorder a pcr tests of the government knows you have already paid for one and ordered one when you land in the u.k. i am not sure you can carry it with you. i think they have to deliver it to the address you are at. at least, that is my experience of it. tom: i'm sorry, folks. i am amateur at this. we have got to get ready. jonathan: we are all trying to figure it out for t

kailey leinz, it is unreal. amazon, apple, nothing stops this market from turning out another all-time high. kailey: shrugging off disappointing results from two giants on friday. you said this could last until thanksgiving -- morgan stanley said this could last until thanksgiving but not much longer than that, and the fundamental picture is worsening so the bullish trend cannot last. jonathan: we have all the ingredients for the selloff without the selloff. do we finally get some pushback from this chairman on this rates pricing, which has really built up, not just in america but worldwide? lisa: you said everything can only get better. what happened to the no snark our? -- hour? jonathan: maybe i was just taking a few days off, i'm a changed man and i'm optimistic about the future. lisa: i will hold you to that. the ecb tried to push back and it didn't work. what does that mean? what if they pushback and the market doesn't buy it? is not worse for the market? jonathan: are recalling that pushback from the ecb

i'm lisa abramowicz, alongside kailey leinz and anna edwards in london.om ferro, john keene -- john -- jon ferro, tom keene both off. what we are looking at this morning is a market in turmoil, reassessing all of the rate hike expectations, reassessing the reopening trade with the stay-at-home trades surging. everything else absolutely collapsing in the face of a new potential variant that could be more contagious. i am struck frankly by the shift in rate hike expectations at the federal reserve. kailey: a quick shift when we have been pulling over expectations of when the fed was going to lift off. we were looking at june of next year, now the market has pushed that further into 2022. it is a quick and stark reversal. i also have to wonder, it is just fresh off the thanksgiving holiday. a lot of people are probably off of work today. could this be a thinner liquidity kind of situation, or will we see elevated volumes? lisa: people are scrambling back to work. over in europe, this is the issue as we see immediate reaction in the travel sector. anna: the t

kailey: people just keep writing in.the data on tuesday is important and will be more important at 8:30 tomorrow morning. the yield is the story. the 10 year was 1.57. the two year was a .5 for up to .62. let us talk about curve flattening, it is happening. lisa: it is not back to predominate -- pre-pandemic, but you see these -- this idea that a higher rate hike includes a lower pace of inflation. this is not what the fed wants to see but it is not reaching alarmist levels. tom: american oil 71.85. this is a fancy title, global macro director at fidelity investments. far more important for the street, he is technical research analyst, because he is one of the acclaimed charts at fidelity, i have personally seen them over the year and they were an act to the whole decades ago and we are thrilled that he can join us this morning. you talk about a conundrum that continues, what is it. jurrien: the conundrum is inflation is running at six plus percent in the 10 year nominal yield is at 1.6% the economy by many accounts has

kailey: -- so far, mark. are looking at euro-dollar around one a dollars $.12 -- around one dollar 12 since. is that yen or you are weakness, or just a dollar strength story? mark: that is a good point because what people need to recognize is that the correlations has broken down. if you look at euro-dollar versus dollar china, we have basically seen these two currencies completely v-8 at levels we have never seen before , so with dollar china is right, we should be at 121. there is an element that euro-dollar is doing its own thing. the biggest driver is nominal rate spreads. it is not really a real rates story. the two-year nominal's are about three times more importance than the real rates. so i think the euro-dollar is primarily a focus on the fed right now. i think people are worried about how covid reopening's are impacting germany and the netherlands, some of these big, important countries, because the euro zone growth is pretty solid compared to the u.s., so you need the valuation per you need to grow

kailey: how universally are they being accepted?ere a two to your acceptance of the low income earners in the high income earners as we start to see the likes of walmart and target say those price pressures are becoming more of an issue for them? dana: i think the price pressures overall, there are cost headwinds, but passing it on to the consumer, even companies like bath and body works have raised their promotional prices they're not seeing obstacles. if this continues, trees do not grow in the sky. this is a point in time you're able to see this. it is something to watch carefully. we have had some say they have to navigate the price increases carefully to figure out the level of resistance. it is a moment in time you're seeing it be expected but carefully managed. lisa: there is a theory that when people start to have to pay their paychecks and use those to pay for the higher prices, they are more discerning in terms of what they're willing to pay. they are using the money they still have received from the government to buy thin

kailey: one would think.a: -- jonathan: i am delivering some stark and am then going to pull back. a different experience in the next hour. lisa: i can imagine. the new jonathan ferro. jonathan: joining us now vice dean of the johns hopkins bloomberg school of public health. parents want to know when do we finally get guidance on whether they should vaccinate their kids? >> they have got a good sign from the fda last week, which authorized the pfizer vaccine or kids five to 11. this week, cdc visors will make a recommendation. soon after, i think the vaccine will be made available. lisa: very much in focus right now is how we deal with mandates , given the fact that we have the vaccine. it does seem to be the cure, but there is still concern. i am wondering about new york city workers. you have to get a vaccine or you cannot show up to work. a lot of people not coming in it is this the right way to do it? >> it is complicated. my view depends on the type of occupation. there are a number of jobs where people

kailey: that is the case in the u.s. different story in europe, where you are seeing restrictions, places going back into lockdown measures. i'm not sure there is the political appetite for that in the u.s., even though surges may be coming. it is about the policy response. on the policy side, i feel things may stay loose. lisa: that speaks to what we were hearing from the health minister in the united kingdom, perhaps not having a knee-jerk reaction. we have in the u.k. block travel from those southern african countries. there has been that kind of knee-jerk response. no stepping up of the covid alert levels. the delta variant basically canceled christmas in the u.k. last year. lisa: such a cheery friday morning. everyone should be out there shopping. we are talking how never this pandemic is going to go away. at least the next couple of years. s&p. 1.6%. this is "bloomberg surveillance." ♪ >> good morning. this is "bloomberg surveillance." jonathan ferro and tom keene both off. lucky to have kailey leinz and anna edwar

. ♪ kailey: this week, the haves and have-nots. the west versus the rest.s climate change feed into inequality. -- feed inequality? -- feed into inequality? >> it is the cause of the system in place. kailey: how europe uses west africa as a dumping ground for obsolete electronics in people's lives. -- endangering people's lives. >> you have copper and other materials, and a lot of times there are elements.

they issued ten more subpoenas to officials, to former press secretary kailey mcthen neney. the letter to trump adviser stephen miller notes he prepared the former president's remarks on the rally on the ellipse on january 6th. we saw one saying they are stifg an insurrection-related case, federal prosecutors are asking the court to sentence jacob chances ley to 51 months in prison the qanon sha man has become the public face of the riot. >>> the green bay packers have covid protocol regulation, they fined them nearly $15,000 each attending a halloween party unvaccinated and the packers received a $300,000 found alleging the team knew about the party. rogers spoke out about comments last week regarding his vaccination status especially made some comments that people might have felt were misleading and to anybody who felt misled by those comments, i take full responsibility for those comments >> rogers went on to say he stood behind the things he said and he has empathy for those financial through the worst part of the pandemic. >>> covid boosters for all a move pfizer wants

. >> this is "bloomberg surveillance -- early edition" with anna edwards, matt miller, and kailey leinzs friday, november the fifth, our top stories, the rally pauses. a surprise bank of england decision tops central-bank news and now the focus turns to the u.s. jobs reports. today's data could reignite or dampen inflation concerns. after months of tension, the

assertion of whether or not his conversations i would argue even for someone like dan scavino or even kaileyany would be a much harder case because they are expected to have the kinds of conversations where the privilege might attach, but who holds it right now will ultimately be the decisive factor. >> you and i were talking yesterday when bannon was making his court appearance. sheer what his lawyer is telling cnn today. >> for any person who does any kind of litigation, one would never head into a deposition where privilege is claimed and have the client just take a chance. oh, well, maybe some of the information is privileged, maybe they want but the privilege won't thereby for someone to object. it's the privilege holder to determine that and then it's resolved in a courts. this ought to be a civil matter resolved in a court and mr. bannon's lawyer responsibly told the committee that if the court orders him to answer any of the questions he will answer them and comply. >> is that a sound argument? >> no. simply put he's wrong. there are many questions which the privilege would not attac

with anna edwards, matt miller and kailey leinz. anna: 9:00 a.m. london, 5:00 a.m. and 5:00 p.m. in hong kong on this thursday, november 4. central banks at center. stocks are near record levels after the fed decides to taper stimulus and says it will be patient about raising rates. we will hear from the bank of england today. a tale of two banks. credit suisse expects a loss next quarter to capital has been a year to forget. socgen in france tops estimates as equities trading rebounds.

shooting and killing 2 people and injuring a 3rd during protests in kenosha in august of 2020 reporter kaileylights from the trial. >> it's red house not guilty. kyle rittenhouse with an emotional reaction to the verdict.

and tonight we are getting a look at the moment that brooks was arrested on sunday reporter kailey the sun has more. >> in all actuality. it was a really, really scary thing. waukesha homeowner daniel writer says it all happened in the span of about 10 just moments after the parade crash. a man appearing to be 39 year-old darryl brooks knocks on his door asking to a phone costs court the wait for it over here. looking me telling me that he needs help writer says he let him in, gives them a jacket to wear a cell phone use and a sandwich. i wasn't getting the message is saying to shelter in place and suspect on the loose is because he was on my phone for a long time. the whole time he was at the house. he says the man appeared to call his mother and was speaking for a while until rider noticed police circling his neighborhood. he says he begins to an easy. we never get police traffic early much for any traffic on this road. so that at 5.10, is when you see me escorting him out of the house and he listened he he was playing with me the whole time using my house. and he even thanked me say

trump's inner circle and as high a level as stephen miller as well as the former press secretary, kailey an even some low-level aides there, all of them are looking to see whether or not the doj charge is bannon because if they don't, don't follow through on that, they will think they can defy the speech arksz. 16 subpoenas out or so, roughly the level that the january 6th committee everyone you'd this week and that's a huge question whether or not the committee gets to the truth and gets to the bottom of not just what the communication around january 6th itself but also what influence there was and the outcome of the election in counting votes and attempts to try to stop it. >> underneath all the legal arguments in today's response are two truths. the former president does not want to turn over any documents to anybody and wants as little transparency as possible around the inner workings of decisions that will be documented there and, two, has an extreme interest in delaying this as soon as possible as well as everybody else down the chain. >> i will debate any person, take any preside

shooting and killing 2 people and injuring a 3rd during protests in kenosha in august of 2020 reporter kailey be sun has the highlights from the trial. >> it's red house not guilty. kyle rittenhouse with an emotional reaction to the verdict. the jury weighing 2 weeks of testimony for 3%and a half days, ok, folks you're you john, this time rittenhouse was charged with homicide attempted homicide and recklessly. endangering safety for killing 2 men and wounding a 3rd. he was found not guilty today on all 5 counts. last summer. protests erupted in kenosha after the shooting of jacob blake by a police officer. kyle rittenhouse as he came to the protest to protect private property and provide medical aid. the night of august 25th. he shot and killed 2 men and injured a 3rd with a semiautomatic rifle during the trial. he took the stand in his own defense. at one point breaking down. >> its front row the case has divided the country over whether rittenhouse acted as a patriot. >> or a reckless vigilante show you the motion yesterday. >> but he didn't seem remorseful to me that kid. that is the kind

prepared to cite mark meadows for contempt and hope the justice department will picks it up and cite kailey for contempt and hope the justice department picks it up. >> steve bannon was not part of the white house at the time of the january 6th insurrection. he was an easier case and also not cooperating with the committee whatsoever. mark meadows has a different situation. he was at least communicating with the committee in some ways. he also was a white house employee so they really are trying to cross the ts and dot the is here. the other consideration is criminal contempt isn't the end game to get the people to testify. it's a punishment mechanism to encourage over people to cooperate but at the end of the day you're giving up having bannon come testify. >> bannon thinks that he can turn this to his advantage, that he's a pro-trump martyr. >> this is going to be the misdemeanor from hell for merrick garland, nancy pelosi and joe biden. we're going on the offense. tired of playing defense. going on the opens for and stand by. we're going on the offense. stabbed by. >> most defendants who

matt miller and kailey leinz are enjoying a thanksgiving break.holz said his new german government will do everything to fight the pandemic. he added the current situation is serious, with some hospital intensive care units already reaching capacity. >> day after day, new records are being set in terms of the number of infections. even though many cases have become milder as a result of vaccination cannot more and more infected people are being admitted to hospitals. intensive care units are reaching the limits of their capacity in some places. the situation is serious. anna: let's get some analysis now. good to get your perspective. we heard the chancellor and waiting talking about that. what are your expectations for what kind of measures come forward from the driven -- german government and what impact that will have on the german economy? when you are doing something for the third time, it might not have the same effect as the first time around. >> absolutely. for now, the key objective is to avoid national lockdown. what we will see is increa