kailey: thank you so much. we will have more from our signature panel in the next hour of balance of power and of course throughout the week. divided government is an idea that the markets might like we know they are watching this election in anticipation. let's bring in bloomberg markets correspondent abigail doolittle. what are we seeing? >> we're seeing the markets reflecting the tension around this very close election. the s&p 500 and the nasdaq have been slightly higher. not so long ago down more than half of 1%. this really reflects the uncertainty, investors being nervous around the election, what will it mean for the economy? there's also the fed decision ahead. the reason stocks were down not so long ago had to do with some weakness in technology such as amazon, apple, microsoft some of this could have to do with the mixed earnings that we seen out of big tech, but this could also be a not in the direction of the former president who of course have the expectation that if you were elected that may be b

kailey: we are going on two hours now.ey speak publicly to the press, effectively died in congratulating trump on his victory, pledging to help him with this tradition -- this transition. while donald trump said, politics is

kailey leinz, you have got your work come out for you -- cut out for you.gaetz, withdrawing from consideration to be attorney general. seen as a defeat for conservatives, who had really wanted to overhaul and perhaps we make the justice department under a new administration. this is bloomberg. ♪ i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises). hand over the air guitar. i've got another one. scarlet: this is "bloomberg markets," time for the stock of the hour. bj's came out with earnings this morning. shares are near record highs as they boosted their outlook and announced their first membership fee increase in seven years. we are also waiting for ross store results after trading today. for more on that space, let's bring in laura. always great to see you. bj's, beating the raised quart

kailey: the rule

wines -- kailey leinz in washington. is much drama here surrounding what is typically a more state affair. kailey: and it is drama playing out in public. it is not just them advocating for themselves but others getting involved as well. from kyle bass to elon musk. that potentially is what is going to drive donald trump, at least he could, pick someone he did not understand previously to be on the shortlist. kevin warsh, the former federal reserve governor, is not one of h

kailey: most because this is not something we saw and 2020.onald trump did not extend an invitation to joe biden him at the white house like this as is american tradition. now biden has done the same or chosen differently as he invited donald trump to be here with him today for what is a typical part of the transition process. the administration has pledged they will be a peaceful transition of power for president-elect donald trump. as for what they will talk about in the meeting, the white house has been tightlipped about that. the press secretary yesterday in the press briefing was asked about the subject matter. they prefer to keep private conversations private. as for educated guesses as to what they could talk about in addition to the mystic issues, preserving american democratic institutions, there could be foreign policy as well. like in 2016, when barack obama met with donald trump after his first election victory. we have to wait to get characterization from either the current president or the president-elect. obviously, it will be a

kailey leinz is right here in new york for us. any poll you have an eye on? kaylee: the one that is the mark people, sienna paul -- marquis poll, the sienna poll, they were effectively tied and it's all within the margin of error. the race is too cold -- to close the call. what's most telling about that is that many only recently said who they decided for and they broke to harris by 11 points. as we consider the small basket of undecided voters head of election day, it suggests that some are breaking more in her favor. the other thing i would note given how late it's breaking, 78 million people have already voted in the election, more than half of the electorate who voted in two thousand 20. look at the same battleground states. north carolina, georgia, they have each had more than 4 million people vote already, 80% of the total electorate in 2000 20, suggesting turnout is quite high. ed: that's important data. true to the name of the show, we focus on technology policy and we should note that both candidates are on the road and over the weekend continued to

i'm joe mathieu alongside kailey leinz in washington.s is happening as president biden wraps the g 20 summit in rio and donald trump tries to assemble his own national security team. kailey: the president-elect is keeping us waiting on his treasury secretary selection. we will bring you the latest this hour and talk about the controversy surrounding a few of his nominees including the republican former congressman from florida matt

kailey: a scott bessent bid comes into the bond market. welcome to "balance of power" on bloomberg.this first trading day since we learned donald trump has tapped bessent to be the next treasury secretary. financial markets seem largely ok with that but we get reaction from the house financial services committee. its ranking member, democratic congresswoman maxine waters, will be with me in a few moments. we will get reaction to the other cabinet selections donald trump has dropped with our signature political panel rick davis and jeanne sheehan zaino. inclusive of a tapping of vote for the director of office of management and budget. we will have a former director mick mulvaney joining us as well. we begin as always with a check on the markets. charlie pellett is tracking the trading. charlie: we have got the dow, s&p, nasdaq all advancing. nasdaq has been swinging between gains and losses but right now we are looking nasdaq up 23,

kailey: that will be dealt with in the next congress.t they are likely to deal with in the lame-duck which tends to be productive as the campaign is completed, will surround funding. there is a government funding deadline on the 21st of december. when the new congress is sat, and we do not know the entire makeup. it will be a republican senate. the house is unclear. it would take a republican house to unravel the chips act. caroline: we appreciate it so much. let's get back to markets. ed: i would like to go to crypto. we didn't have a show 24 hours ago. within the last 24 hours, bitcoin has got below $76,000 per token. that is the all-time high. one of the big stories of the last 24 hours is the crypto related stocks, companies that have exposure to crypto. the sentiment is simple. president-elect trump weather policy or his attitude will approach crypto differently. largely that is being seen as supportive of the industry. caroline: oi, did they move higher yesterday. you put out a great note yesterday. it was outlining what next. ther

kailey: a lot of it is still up in the air.his would be the first crypto specific role in the white house and in many ways signal donald trump was serious about the crypto related promises on the campaign trail which included making u.s. the bitcoin capital of the world, fighting firing current chair and said he wanted to make the first-ever crypto presidential advisory council so in some ways it should not be too surprising he is looking at a role like this but it's not abundantly clear what form this would take if this is going to be in action the white house staff position or someone who is more of a crypto czar if you will pray i was speaking to a source on this who said this is all very up in the air they are seriously looking at this but it's not clear what kind of power would come with this role if they will have staff reporting into them for example, if they will just be advising or if this will the about liaising and coordinating. all the different parts of government that are involved in overseeing crypto so between t

kailey: we heard similar things from kamala harris. she was to turn the page of what she wants to -- she wants to turn the page on what she calls a dark part of american politics. donald trump is trying to make himself the change candidate in this race, suggesting that kamala harris, as part of the biden administration, which in many ways has been unpopular, especially with the handling of the economy, shows that the country needs to move on. he described that the country can't take four more years as what he referred to last night as gross incompetence. donald trump should be voting any time now in his home state of florida. he is allowed to do so even though he was a convicted felon. new york law dictates that a convicted felon can still vote and florida recognizes that. he will be able to cast a vote for himself. kamala harris is in d.c. and will be going to howard university for her election night party this evening. at this point, there is nothing left that either of them can do. the closing arguments have been made and the ground

i'm joe mathieu alongside kailey leinz in washington.ay edition of "balance of power" on bloomberg tv and radio. no matter who is in charge, they will be leading a razor thin majority. kailey: we don't have the total tally for the balance of power in the house of representatives and it will be tight, tighter still when you take out the free members of the house that have been pulled for the second trump administration, one of them, matt gaetz who has already retired and is no longer taking part in this congress. it is matt gaetz who is the subject of much focus in congress, as the house ethics

kailey: going to be meeting with house republicans assuming the republicans are likely to retain the first he will talk with lawmakers, game plan for what happens when the 119th congress begins before he heads to the white house on his own. no melania trump with him for this meeting. joe: the optics are going to be something. i'm assuming they sit down and do

kailey: happy thanksgiving eve from washington. this is "balance of power."millions of americans get set to travel for the holiday, if they haven't already. you going to check in on the prices at the gas pump they are experiencing with patrick de haan of gasbuddy. we will also weigh in on the impacts the tariffs on canada donald trump has floated this week could have on energy prices. speaking of donald trump, he is naming more names to fill out the top economic posts of his head -- of his incoming administration. we will speak with laura davidson. we have a cease-fire in lebanon and effect between israel and hezbollah. what it could mean for the ongoing conflict in gaza with jane harman, -- jane harman. we have to get a check on the markets, and charlie pellett has the look from new york. charlie: thank you very much. getaway day for a lot of americans as they prepare to travel for thanksgiving. the direction of travel right now for the stock market, lower across the board with the dow, s&p, nasdaq all i

i'm joe mathieu alongside kailey leinz. welcome to the friday edition of "balance of power."all the talk of tax cuts and deficits and tariffs, very few politicians want to talk about the greatest expense really of them all and that is social security. >> it is bears as we try to get our arms around with the deficit pictures going to look like. this is a democratic party trying to get his arms around how it moves forward in general after such significant defeats of the presidential level and congressional level as well. martin o'malley would like to be the next chair of the dnc.

kailey received a couple of scholarship offers. >> i think that was her personal best. >> you say itausages. the wheel of fortune and the nd company cashing in on that mistake and we'll have that for you in a minute, but first, a quick check of your local news. you're at higher risk of being hospitalized from rsv. and there are no prescription rsv treatments. you know how to protect against covid and flu. so ask your pharmacist or doctor about scheduling pfizer's rsv vaccine, too. because moments like these matter. when my hair started to thin, i thought, am i going to have any hair left. after i gave birth, my hair wasn't even thinning. it was gone. when i spoke to my dermatologist, he immediately pointed me in the direction of nutrafol. it's 100% drug free and clinically tested. within 3 months, my hair was fuller. its' longer, it's so much thicker. i had more scalp coverage. it's so nice to be noticed for my hair after hiding it for so many years. start your hair growth journey at nutrafol.com (buzz) look whose joining us for my favorite part of the day! growth journey (leslie) ch

." ♪ kailey: live from bloomberg's headquarters in new york, i'm sonali basak.tim stenovec. sonali: bitcoin turning around a bit. now in the green, but still failing to crack to $100,000 mark. tim: michael seiler just keeps buying. we give you the latest details. sonali: the crypto community gets what it always wanted. gary gensler is set to the part s.e.c. after tense legal battles with companies. tim: that is all ahead on "bloomberg crypto." first, a snapshot of the market.

bret: brit hume and kailey mcenany and bill hemmer behind the screen. >> one thing to keep in mind hereooking at this data here, is got to remember how they count the votes, you know. they start processing at 7:00 a.m. this morning. all that's mail in stuff too. that's the vote that's put out first. so i want to do something funky and fancy here, guys. bear with me. in 2020, it's important and important for us to understand and important for our an life-threatenings know and important for the audience to understand at home, this is four years ago in pennsylvania, okay. this is just a 24 hour span from november # and november 4 from 4 from 8:00 p.m. to 8:00 p.m. the following day. the vote count that came in here, it's heavily blue. well over 70%. then around 11:00 p.m., you get a cross of the line and that's where the republican vote started coming in for trump and went well past mid midnight and trump maintained his margin for almost the entire day on wednesday and further off this map see where eventually the bar is there crossing the over way for joe biden. with that in mind, okay, w

. >> gillian: phil, national security advisers one of those positions if you have kailey if not oftentimes you know, whether it's ranked cabinet level or not in any administration it's a crucial decision-making post the president's ear more than anybody else on national security team including secretary of state sand defense. >> this administration will confront a world that is quite literally in some cases on fire. there is a land war in europe. the middle east is in a bad spot, currently to say the least. and then have you got an increasingly aggressive china in the indo-pacific. walls, i just spoke to someone familiar, who confirmed that he had been approached about this position. he is someone who is very simpatico in his thinking when it comes to donald trump's foreign policy i think what this what this senates from the get-go there is no jv team this time around. donald trump is coming to washington, d.c. and he is not relying on some of the regular run-of-the-mill republicans who might be skeptical or apathetic about his agenda. instead he is falling back on folks who are brought in

. >> no when he talks about kailey leinz or making sure that we diet and we eat better foods and that we exercise so we can decrease the rate of rates of obesity or type two diabetes in this country. and the consequences that follow those those disorders. fine. let's talk about that. i mean, i'm old enough to remember the president's council on physical fitness when i was younger. let's do that. but please stay away from his science denialism, anti-vaccine activism, and conspiracy theories. >> doctor paul offit, thank you so much for joining us. >> and coming up, there's breaking news coming in right now on rudy giuliani and whether he's met. today's deadline to hand over possessions to two election workers. he defamed sunday, back to back new episodes of how it really happened wasn't just about tampering, it was about evil. why did they do it? this pathological how it really happened. >> sunday at nine on cnn. >> my doctor's office with a filing system from the 80s has my social think of all the places that can expose your info. >> lifelock monitors millions of data points for identi

the bloomberg team, kailey leinz following the house and senate races. to keep us all away a little bit later. annmarie: for this evening and potentially the rest of the week. the number one issue being the economy, which it has been. the entire year this ranks far and large the biggest issue hitting voters, but then we got a poll over the weekend from iowa and this came after the summer, iowa putting one of the strictest abortion bands we seen across the nation. six weeks. and then you saw this uptick of women going out to vote. and not just young women, women 65 and over who remember when roe was stated and now when it was taken back. and you can think that this is about the economy but there is the potential that these pollsters are underestimating the fact that more women are going to be going to polls because of abortion. lisa: it remains to be seen whether or not that is going to be a harbinger foreshadowing what could potentially happen, if there is a pink wave or not. if it is the economy, certainly djt has the upper hand. in terms of the economi