kevin: i'm kevin cirilli and washington, d.c.enate races in georgia begin their final stretches today. donald trump is putting himself in the middle of the campaign again. the president's complaints about the $600 stimulus check payments in the latest release package echo those of democrats. meanwhile, both republican opponents in georgia have been promoting a bill with limited aid. we are joined by a political science professor. thank you so much for joining us. how has stimulus been playing in the closing arguments of the various campaigns? >> well, the republican incumbents have been using their support for the stimulus bill that was passed by congress as part of their argument for winning their election. they, and especially david perdue, have been using the argument that his support for the $900 billion bill, which includes a variety of forms of aid that would be beneficial to people here in georgia, is a reason to return them to the senate for another term, but at the same time as he was making trumprgument, president was u

tom: there was drug and that was out-of-control from kevin cirilli. e get together, none of us are on speaking terms. it is a surveillance pro forma session. that is what we call it. kevin: i am sensitive to what i report being interpreted as negative, because there's too much of that in the industry. tom: we would never have that. seriously, what is the lasting effect of the pardons, clement sees, expungements? does this go away on january 20 or will have a lasting effect? i was trying to thick about this when the news dropped last evening, just about the significance from a historical context of the -- just take the issue of the 2016 election and the impeachment and everything. without question, this will be studied. there are books being written right now on this very topic. tom: thank you. you have been generous with your time. maybe you will get an eagle's victory under the tree. futures are up. thi the usual gifts are just not going to cut it. we have to find something else. good luck! what does that mean? we are doomed. [laughter] that's it. i f

kevin cirilli, the hardest working man in washington.ing up, we are going to check in with eric nelson, wells fargo macro strategist come at you talk a little bit more about the market trade. it is really quiet. you can see s&p 500 futures just up about 12 points, but we continue to see some records and some of those big tech names like apple. we will see what he has to say about the outlook for 2021. i'm carol massar, along with matt miller come on bloomberg radio and bloomberg tv. this is ♪ , everyone. morning i'm carol massar, along with matt miller. this is "bloomberg surveillance ." jon, lisa, and tom are off on this wednesday. it is a holiday shortened trading week. s&p 500 futures are indicating other higher open, just up about 12 points. $1.22 --t the arrow at the euro at $1.22. up to 0.94%yield , so a bit of a move. bitcoin hitting a new record. we are actually on track for our biggest monthly gain since 2019. it has really been one of the big stories, kind of an indication of the sentiment, and all of that money and investors l

let's talk more about this with kevin cirilli. kevin, good morning. how much pressure is mitch mcconnell under to increase those payments to something above $600? is there compromise somewhere between $2000 and $600 that is going to have to be delivered upon the echo kevin: -- delivered upon? kevin: we are seeing president trump trying to suggest that, should republicans lose georgia, it would be mitch mcconnell's fault. meanwhile, mcconnell suggesting president trump had negotiated too little too late. as it relates to whether or not there is a path forward to $2000, based on interviews, i can tell you that there appears to be a small but closing window if they would like to get this through by sunday. remember, a new congress is set to be sworn in next week. because of that, the window is rapidly closing. the two candidates on the republican side in georgia have backed the president. how much does that tell us about where this is going? watching georgia, mitch mcconnell, in terms of concerns he will face, is there a direct line to draw between these

kevin cirilli joins us.the last hour, we talked about the president, his eventful weekend in the oval office. let's talk to the legislative branch. thethe president elect debt outcome he wanted with this stimulus bill? kevin: not entirely. it is still a holding pattern. to be candid, i don't think mitch mcconnell got everything he wanted with liability protections, nor did the democrats as we heard from schumer. if there was not going to be stimulus, that would have put incredible pressure on the buy demonstration when they were taking office in less than a month, for them to have a more sweeping package. stimulus,k at this $15 billion to reinstate payroll to airlines. $2 billion for airport commissaries. $1 billion for amtrak. the paycheckfor protection program and $600 checks. it look like? how much overlay is in this bill? kevin: i spoke to a source that with in a nonpartisan role the airport regulators. the source told me the airlines were in desperate need of some stimulus. whatone illustration of peopl

with a smart update, kevin cirilli in washington. kathy jones is charles schwab's chief fixed income strategist. of course, we are watching is more stimulus is pumped into the economy. what is the ultimate impact when it comes to fixed income? great to have you here with matt and myself. how do you see the stimulus package and what it does ultimately for the economy, for movies, and what it does for the fixed income trade? kathy: well, it helped fill a gap that continued to be open. when we this crisis, a huge output gap opened up. we've come about 0.6 of the way back -- 0.6% of the way back. that affects by and large the lowest income votes, so the people who have the least cushion. now they have just seen some of away.ushion taken i think the fiscal aid is certainly buoying markets and raising optimism about the , and we are optimistic in terms of the second half of the year as well. we've beenimately hunting 10% in treasury yields. if we see inflation yields move , by the end of 2021 we could be close to the 0.5% area -- the 1.5%

carol: kevin cirilli is amazing in washington. will check in and talk to us about his economic outlook. when he sees coming in carol: it is bloomberg surveillance, carol massar along with matt miller on new year's eve, getting ready to wrap up 2020. having said that, let's take a quick check on the market. global market industries -- indices covering the records for the year. s&p 500 futures, no surprise, there are a few of us working but it is pretty mellow. 37.23. euro at a buck 22. 29,000 dollars earlier, you can see bitcoin pulling back -- 29,000 dollars earlier come you can see bitcoin pulling back. some of the rest of the trade this morning, you can see over in europe again, quiet trade, a little bit lower. ftse rallied, after earlier this week down. the cac 40 also a little bit lower, but we can anticipate it will be kind of a mellow day as we wrap up a volatile year. matt: it has been a volatile year. that is probably not going to stop. i want to go right now to talk more about what to expect with the cofounder of the econ

kevin cirilli, our chief washington correspondent, joins us this morning. i've got to drive forward to this crazy day and a new washington. what will you be watching today after the president's speech last night? kevin: republicans, and president trump, in his deliverance of his message with increasing the stimulus check to $2000, got immediate applause from democrats, including congresswoman alexandria ocasio-cortez, who said they will introduce enema meant immediately to replace any references -- introduce an amendment immediately to replace any references to the check to $2000. nancy pelosi tweeting out moments after the statement, saying, "let's do it." but republicans are cautious. republicans, and the president knows this, are cautious about spending too much money, and as a result of that, there is so much unknown as to whether or not, should the house of representatives take up new legislation in a pro forma session on december 28 and december 29, if the republican-controlled senate would be able to pass that vote. tom: senator schumer of new york sa

kevin cirilli, bloomberg chief washington correspondent, joins us to discuss.y main question is why did trump sign the bill late? as i understand it, some damage may already have been done for unemployed americans, and nothing really changed in the bill. kevin: there was immediate confusion at the end of last week, and now immediately ready in terms of a market perspective , and terms of an unemployment perspective. there was rumors that the president could deploy what is known as a pocket veto, which would have left lawmakers and leadership on both sides of the aisle scrambling to find some path forward. all of that now yesterday's news because with president trump signing the stimulus into law, it allows him to say from a political record standpoint that he had advocated for additional funds, but secondly, that there was not that type of confusion from an economic perspective. candidly, that is lawmakers i talked with last week were very much concerned about, that the clock on the senate and house floor would eventually expire, and the window for a path forwa

i understand that kevin cirilli joins us now from washington, d.c. great to catch up with you. st reporting, your read on things and where they stand. kevin: first and foremost, this is the optimism we are seeing that senate majority leader mitch mcconnell said last night after the leadership reconvened in the 7:30 p.m. eastern hour, in which he said he was optimistic that they would be able to get to some type of an agreement sometime soon. at the second point, this is where the timing and the nuance of washington really matters, is that if they want to get to a deal, they have to do it by today. there really is no other option. proceduresok at the and the procedural hurdles in the senate, as well as in the house, with the clock ticking down for friday with the guards to the omnibus bill, these are the final hours in order for them to do that. tom: who holds the power here? kevin: leader mcconnell. tom:? why does he hold the power -- tom: why does he hold the power? blinked with not speaker pelosi, and likewise with president trump. he knows that speaker pelosi recognizes that

kevin cirilli, bloomberg chief washington correspondent.eene, i know what to buy you for christmas. a book with 800 pages that you will pretend you read. tom: some of them so like hot cakes and all that, mr. woodward's book and mr. bolton's book. can you imagine two volumes from president trump? i don't know. jonathan: two massive volumes from president obama, so why not? tom: can we talk about the markets? all you want to do is talk about -- jonathan: please do. [laughter] you focused on attorney general barr, not me. let's be clear about that. tom: i'm sorry, i look at britain, i look at the u.s. it is unimaginable that we could get negative rates here. if that the surprise for 2021? jonathan: the front end has an elephant sitting on top of it. it is the federal reserve with the reaction function skewed asymmetrically, which basically means if things get worse, they are going to do more, and if things get better, they won't do anything. the outlook for rates at the front end are not going out anytime soon. it is at the long end that thing

kevin cirilli, bloomberg chief washington correspondent.stimulus checks in either plan. $510 billion from leader mcconnell, $908 billion in the bipartisan proposal. it is going back to state aid. nothing in leader mcconnell's. tom: i believe the working number is $160 billion for state aid. the mta in new york alone needs $12 billion. i guess it is just get something done. that is the way it's going to be. jonathan: that's what this conversation is over. the rest of the bill, there are differences elsewhere. i could go through it line by line. but the top line is this disagreement over state aid. in,ker pelosi coming compromise, whatever you what to call it. lisa: that's why people believe president trump is not signed off on this because it is politically perilous for him to come out and allow money to go to state and local governments that he has maligned as being all blue states and not handling the virus and other fiscal issues correctly. how much does the acceleration of the pandemic in some red states affect the discussion to try to g

our kevin cirilli is on top of this story along with all of our washington news bureau.e not seen the president -- i do not think we have seen presidential tweets in the last 10 minutes but we are monitoring them closely. to hear from secretary mnuchin would be important as well. i cannot emphasize enough how closely cap this video seems to have -- how closely kept this video seems to have been within the trump administration. off of stimulus and the way forward, the united kingdom, we have barely covered this. a major change. france will allow movement of goods between dover and calais and dunkirk. we got video of the anticipation we would see, the symbolism of a fair amount of those agricultural goods moving forward. the one thing we have not talked from the united kingdom emails in and says you have to talk about brexit. i need to leave you with a discussion on bloomberg radio and bloomberg television on brexit. the brexit conversation is exactly the same as it was a week ago, a month ago, a year ago. they are moving forward and i think having more beatings. -- having

kevin cirilli joins us. our chief washington correspondent.d the papers this morning and what i see is a lot of distrust. a massive debate over the role of the federal government in crisis. this trustget from and the debate over the compromise. senator mike lee saying they will have to be here this weekend. not just what they have been told. some of the sticking points now. i had was hesitant to use this phrase, they are donning their eyes and crossing tease -- dotting their i's and crossing t's. either side,s democrats or republicans forecasting will this be a long-term government shutdown. one of the sticking points is the $300 million we saw play out with chairman jay powell and how that is going to be utilized. jonathan: well said. i look at fema. is, does thestory president play into this debate at all or is he missing in ?ction kevin: they have taken up the issue with georgia to be his final assignment so to speak between now and january 21. jonathan: we are pushed for time. top of the news flow is the federal government. large u.s. mult

kevin cirilli is trying to figure out what the supreme court is going to do. is defense authorization, talk about stimulus. what did your calendar look like? anna: the cdc has advisors as well who are in on this vaccine. they're going to try to give advice on who will be first in line. they have already approved health-care workers and long-term care residents. they're going to put on sunday for that. they're going to meet to start talking about that today. that is high on the health care agenda. if the fda doesn't send down the emergency use authorization, it might not happen today. it could be in the next couple of days but today we will be on the lookout. tom: thank you for joining us. just a pro at health regulation. the actual machinery that is going to end this pandemic. she is with bloomberg news. i want to frame out the correlations we see in the markets. correlate to weaker equities, -26. -165 on dow futures. the vix is interesting, it has finally moved. become 21.02 on the fix. yieldnd market, 10 year .89%. i want to make note of a two year yield. jo

we will talk to kevin cirilli about this here in a bit. usually, we always spend forward. we always have to look back to yesterday. you almost knew the market was going to recover of of rumor and speculation. lisa: what triggered it to begin with? the same kind of drumbeat of pandemic worsening we have been getting for a wide. was it enough? not really to get a real selloff going. tom: buy the dip. cash fundp on the yesterday. let's get the first word news in new york city. bill that spending has something for everyone. last night, the senate gave final approval to a measure that combines coronavirus relief with regular government funding and tax breaks for businesses. president trump was signed into law. it includes 900 billion dollars in economic relief, the second largest measure in u.s. history. most americans were gay one time payment of $600, plus enhanced jobless benefits will be extended. haveer attack is said to targeted senior treasury officials, according to ron wyden. the extent of the attack is not known. irs data and taxpayer data do not show any signs of att

it is interesting that right when we think this issue has kind of gone away, we talked to kevin cirilliarlier. once again someone on the republican side saying maybe we could do this in a different way. we know senator graham just played golf with donald trump. mitch mcconnell has been trying to wrap up these checks with a couple of issues he knows will kill it right away. a political poison pill as kevin said. donald trump tweeted out that not passing these to thousand dollar checks is a death wish. that is a direct quote. lindsey graham very close to the president is trying to convince -- urging mitch mcconnell in an interview on fox and pass those increases. coming up, adam siegel, the director of digital and cyberspace policy program will talk to us. this is bloomberg. ♪ mcconnell has made it clear, the direct payments will not be increased to $2000. senate says the house built that would do that has no realistic path to quick passage in the senate. the larger payments are backed by democrats and president trump but o'connell says the house legislation fall short of what the preside

i believe kevin cirilli is said to be with us later on this money. coming up this morning, futures up 21, dell futures up 160. peter schaffrik with us from rbc. this is bloomberg. stay w tom: good morning, everyone. thank you for being with us from london and new york. it is an extraordinary moment. i know i've said that eight time this year -- eight times this year. but with the covid update at bloomberg news today, it is really a different memo today, and really, really serious come about cases, hospitalizations, and deaths. right now we recalibrate on the national economy. peter schaffrik is with us from rbc capital markets. how does the virus and the trend of the virus buttressed up against the good news of a vaccine -- how does that adjust or adapt your call for 2021? and i i think our call think frankly most people's call, was always predicated on a very rough winter, and i think we are now in the middle of it. it is one thing if you are sitting in autumn and predicting a grim winter, and when you're in the middle of it and see the cases rising

. ♪ ♪ from bloomberg to our radio audiences, my name is kevin cirilli. >> i am taylor riggs.e of power will -- where politics its business. happy new year. >> am i allowed to say that? almost to next week's runoff elections in georgia that will determine the senate. somehave been exposed to 500 ads in the past two months at about 70% of those are partly or entirely negative. here with some positive energy is emily wilkins in atlanta with more. when you talk to voters, are there any independent voters left? there might be some out there. at this point, a runoff is about turning out the core base.

. ♪ david: from the bloomberg ,orough in washington dc worldwide, i'm kevin cirilli. >> welcome to "balance" kevin, let's get right to the world of politics and economics and let's do that with abigail doolittle. it looks like a mixed day. abigail: it is certainly mixed, slightly jittery, even bearish at this point as we open with solid gains for the dow. the russell 2000 is down for the third day in a row. yesterday, retreating from a record high, a bit of a concern on the close. the russell 2000 really underperforming today, down 1.7%. at this point, the s&p 500 and nasdaq have been fluctuating between small gains and losses. a jittery tone. the fact the russell 2000 has been down for three days, the first three day losing streak going down back

kevin cirilli watching the story with our team in washington. you deserve a data check.ter than it was early this morning. we were -100 on futures. , -61 onnd, down 1.6% futures. the vix up seven figures. we were out well over 30. a 28.84. that is an elevation of volatility over the last number of hours. 10 spread comes in three basis points. i want to make note of oil, particular the russian headline. that is two dollars on brent crude. then of course, we have a reversal of the weak dollar, strong e.m. view. we will see how that plays out here. anthony dwyer will be on with lisa -- what's her name? lisa abramowicz. thank you, megan. lisa abramowicz and tony dwyer are coming up. this is bloomberg. good morning. ♪ ♪ lisa: for our viewers worldwide, i am lisa abramowicz in for jonathan ferro. the countdown to the open starts right now. 30 minutes until the opening bell. we begin with the big issue, the new virus strain weighing on global markets. virus, mutation of the particularly speed of transmission was not possible to ignore. when the virus changes its method of attac

to our tv and radio audiences worldwide, i'm kevin cirilli. >> and i'm taylor riggs from new york.o "balance of power," where the world of politics meets the world of business. we go straight to the world of business with bloomberg's abigail doolittle. how much of this stimulus is really going into the hopes and optimism we see in the markets today? abigail: it is certainly a piece of it. we have synchronized ties for the s&p, the dow, and the nasdaq, and the russell 2000. any flavor of equity, they are climbing higher. a piece of it, that stimulus, the idea the economy is going to have that extra boost of money. but i think the bigger thing happening here is you have this melt up over the entire year out of the march lows, but more recently record high after record high, with a little bit of consolidation. right now we are entering

perfect guest, michael darda, we will look at the aviation question in the united kingdom and kevin cirillion. lisa, what is your observation m

kevin cirilli, always on it. thank you so much for joining us in washington. on" on 99.1 in d.c.omething we will be talking about. we will get a new administration and start counting down to the midterms. i do want to mention some headlines crossing. anthony fauci saying contact tracing is very difficult with the current virus numbers. he said january virus levels could be worse than december. at desired vaccine numbers at the end of december. this is coming as we are starting to see european governments planning ways to track people who get the vaccine so they can follow where the virus goes. matt: i was talking with somebody here in germany, a health official in berlin who was saying it's possible that we get it and if i those who have gotten the virus and only those people would be able to take flights, or only those people go to restaurants. it hasn't gotten that far yet, and we don't actually know the true immunity affects, but we do know that people are thing about those kinds of processes already. coming up, morgan stanley's head of global macro joins us. an interview you

right now, kevin cirilli, our chief washington correspondent. there's a lot to talk about.-ant to go to the 10 year century0 year of 19 history. it seems to be playing out in the lame-duck. does the attorney general make it to the white house christmas party? kevin: if there is going to be a white house christmas party. but from a broader standpoint, the tension that has developed between attorney general william barr and president trump is enough for a short story in a book. quite frankly, i think it will be as it goes forward. there's a lot of division right now amongst republicans about where things are going to stand in terms of the presidential pardons, the precedent for the pardons, and detest of the constitution in terms of where things go not only in the current administration, but in administrations decades from now. tom: who is advising the president? he seems to be colossally alone after a 46 minute video last night. i assume you are the only one who actually sat through the entire thing. who is advising the president as he exits the white house? kevin: rudy giul

kevin cirilli joins us now. how important is it that we see more and more signs of senators lining up behind a bipartisan effort? massively important. they run the ideological spectrum. candidly, it's why so many here in d.c. feel that there is optimism to get behind a fiscal stimulus bill in the lame-duck. people like cassidy and richard shelby, a deeply conservative member from alabama, to the likes of more moderate or centrist republicans like rob portman or susan collins, all expressing an interest in this. even secretary mnuchin and president trump having optimistic messaging from the white house. it has been a remarkable turn of events, falling between losey looking at a shrinking house majority and senate majority leader mitch mcconnell, who has really held strong in terms of the $500 billion number and as a result was able to get democrats to go below the $1 trillion mark. jonathan: within the bill as you know is 160 billion dollars in state and local aid. i think we will get more today on what's inside

tom: let's drive it forward with kevin cirilli.t of the problem with the theine and ruling it out is finalization of getting the vaccine out. are the distractions of washington -- help our national and international audience. how distracted is washington about the president leading at 1:00 a.m. about this up in court? kevin: to be candid, not that distracted. with regards to the conversation you are having, the national ad council, founded in 1942, will be crucial in the rollout of getting the trust of the american people to trust in the vaccination process. in fact, there is a group of bipartisan lawmakers who are calling for there to be increased funding in the omnibus bill which could be lumped with fiscal stimulus which would launch a national campaign from the national ad council to get the trust in the vaccine. i was struck by this one former presidents obama, clinton, and bush all put out a public statement saying that they would get the vaccine, all three of them together, to again try to show trust in the process. jonathan

to our tv and radio valiance worldwide i am kevin cirilli. taylor: from new york, i am riggs.alance of power" where the world of politics meets the world of business. do a market check with abigail doolittle. thisil: a risk on day on wednesday. a recovery from yesterday's reversal. yesterday stocks hit all-time highs in the morning and close down slightly. today we have gains out of the start. not huge gains. the s&p 500 and the nasdaq up 3%. we do have the small-cap index, the russell 2000 rallying, the first update in four. this has to do with seasonal tailwinds. it is the santa claus rally. we have the s&p 500 over the time period. worth noting the volumes are anemic. 35% below normal. this is typical to a holiday week.

kevin cirilli is in charge of vaccines for "bloomberg surveillance," our chief washington correspondents well. i've got to ask the obvious question. vice president pence has had a vaccination. president-elect biden has had a vaccination. do we expect president trump to line up and get vaccinated? kevin: there are sources i talked to who want to president get a vaccine, and to use it as an opportunity for him to discuss the successful nature of the public-private partnership that cap this vaccine into the u.s. in a matter of eight to nine months, but we have not date on when he will get it. tom: let me ask you an open question after an exhausting night. i know you got out to page 3000. what in the stimulus bill has your attention? kevin: with regards to the federal reserve lending facility , senator pat toomey was negotiating up until the last possible minute with democrats in terms of whether or not, and the next round of congress, there would be a clone clause inc. in the 5500 page economics to be with bill that will prevent democrats from being able to use federal reserve lending faci

kevin cirilli downing d.c., chief washington correspondent. we talked about this so many times.this market trading on a more constructive new mood, or the content? because the content is still lacking. tom: the content is lacking. retail sales are really going to help give us a snapshot of how ugly q4 is. but i would say it is a combination of these broader events, but also there is some micro data here showing companies doing better, particularly the more visible ones like apple the other day. jonathan: our survey looking for a negative print on retail sales for the month of november. that data one hour away. coming up on this program, michael schumacher of wells fargo. with a fed decision just around the corner, and a news conference from chair powell. heard on bloomberg are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and all

kevin cirilli bloomberg chief washington correspondentant. n't make it to the office this morning. the testimony from chairman powell and secretary mnuchin is it 10:00 eastern? kevin: yes. when fed chairman jay powell is set to testify. we do have his opening remarks. from his opening remarks. we gathered he's going to continue to point out the economy is still on rocky footing. especially if they are not able to get there to be some more fiscal stimulus. he's continuing to echo what treasury secretary -- likely treasury janet yellin has been calling for more fiscal stimulus. lisa: i know youous rolled out of bed and drinking your pirs wawa coffee. are you not fully aware of everything going on here this year. i am wondering what we could get some momentum heading into year-end, especially if there is further deterioration in the economic data. some sort of indication there will be a fiscal support package passed in the near term. kevin: in templets next few weeks, december 11 is the first deadline for continuing resolution that lawmakers need

kevin cirilli, bloomberg chief washington correspondent trends us now. walk me through the mechanics of what is the proposed. kevin: talking with sources over the weekend, they are viewing this, as senate majority leader mitch mcconnell's one-to step of getting stimulus without state and local aid. there are two tangents for republicans to get on board with fiscal stimulus that does not include what they view as wasteful spending for additional allocations to state and local governments. that said about a $700 billion proposal coupled with the $160 billion package, just a stand-alone for state and local aid. democrats are going to have a choice. . likely based on my reporting, you can see a scenario where centrist number correct and the democratic party -- centrist democrats it on board with the first scenario which does not funding,tate and local then you see a breakaway for the republican support for the $160 billion proposal. a calculation essentially where they are saying they could push forward some fiscal stimulus and have an opportunity to get a f

right now on the politics of the moment, our chief washington correspondent kevin cirilli. the news changes, i change, kevin. i know there is an idea of stimulus, this, that on the other thing. the only thing people are talking about is 8:00 last night and the idea of pardons. gerald ford pardoned richard nixon in 1974. what is the linkage of the nixon pardon to president trump getting out front of pardons before anybody is guilty? kevin: first and foremost, what we know is that it is now being widely reported that there is a department of justice investigation into a pay for pardon scheme. we don't know the individuals. we don't know any names. but we do know that officials have actually obtained laptops, ipads, and other devices as part of this investigation. secondly, earlier this week, attorney general william barr meeting with president trump at the white house, connecting the dots. it would seem there are more questions on that front. thirdly, to your point, a lot of questions about just how much president trump can explore the issue of pardoning. that is being openly

tom: kevin cirilli talking about the enthusiasm to get something done. we will talk about that in the moment. i love what greg peters of pgim said in the opening credits, the idea that everybody is looking for every bit of yield. to me that has been undersold story this week about how other credit has really moved with a vengeance, price up and yield down. lisa: one of the most shocking speakers in this entire day is priya misra, when she came out and said the fed is probably going to extend the direction of their bond purchases at their meeting later this month, not because they think monetary conditions need to be easier, but because markets would throw a tantrum. we would face another taper tantrum without their support. they are backstopping these valuations no matter what happens with a jobs sprint or anything else. aboute could care less next year's outlooks. word ofo reads every every single 2021 outlook. what is the blend of those outlooks so far? jonathan: you really want me to do this right here, right now? [laughter] value overgrowth. internat

right now, kevin cirilli on the stimulus calendar.t is the calendar over the next couple of days you are watching for proposed stimulus? 11 is when they have to pass a government funding bill to keep the government open, but if you are in washington trying to figure a partialre will be government shutdown, leader mcconnell yesterday on the senate floor said, don't worry. they are going to kick the can down the road for one week because they are looking to get the omnibus and the fiscal stimulus talks. i think in terms of a vote for fiscal stimulus, you are looking at seven to 10 days out. tom: then we get to the jobs report january 1. when do our listeners, our viewers see the benefit of that stimulus? kevin: to be frank with you, they're likely is not going to be the $1200 worth of additional fiscal stimulus checks. yesterday on bloomberg radio, i spoke with senator ben cardin, a democrat from maryland, one of the architects of this bill. what he said is that he is working with republicans less so on the fiscal stimulus checks, but m

posen speaking exclusively with bloomberg's kevin cirilli and taylor riggs.up, the brexit deal being put to a vote. this is bloomberg. ♪ ♪ ♪ the u.k.-e.u. brexit deal will be formally signed later cryy, and even as brits over its failure to get into other issues grows louder. 's are joined by bloomberg kathleen hays. approval process is making great strides. we have a big breakthrough last week on christmas eve when they announced the breakthrough, a christmas present to an extent for people of the u.k. ndu. but where we are now is, european governments have all approved the brexit deal. this is not a surprise. itambassadors approved monday. this is the next step. now, the door is wide open to get the deal in place and time for january 1, when the transition has ended. today in the u.k., what was very important is that they group of tory hardliners, conservatives in the u.k. parliament, the european research group of conservative mps, also got on board. they say the deal reaffirms the sovereignty of the u.k.. they are referring to laws. they are adamant they

cirilli. you've got nancy pelosi and president trump on one side of the fence and mitch mcconnell on the other. how is he going to do with this? kevin: i don't think this will ultimately pass because of the procedure of unanimous consent. clearsdon't think this based on my reporting in the senate. this is an important vote and here's why. moderate republicans in the house of representatives, one of them i spoke with right after he cast his ballot, congressman fred up -- upton, a republican of the freedom caucus which helped craft a bipartisan economic bill in the first place, moderate republicans getting on board with this in the house as well as a couple who are anticipated to vote for this in the senate. thatsending a clear signal the incoming biden administration about which republicans they can look or for some accord in their first 100 day effort to get another round of economic relief. that is why this is, in many ways, a procedural preliminary can for the biden administration to save these are the republicans who we can work with for more additional relief. that's why it matters. that's an interesting take. .et's talk about t