kristalina georgieva also one support from the u.s., france, and the united kingdom.st airlines has apologized for canceling more than 3000 flights over four days. the carrier says a shortage of workers overlapped with storms and an air traffic control disruption. the executive vice president denied claims that pilots were staging a sickout over covid vaccine mandates. two academics at u.s. institutions have won the nobel prize for economics. they were honored for their work analyzing labor market and natural experiments. the swedish academy of sciences says that three demonstrated that many of society's biggest questions can be answered. >> i think we have certainly err ed on the side of putting too much faith in models. they have been trying to make these methods more robust. vonnie: 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 am vonnie quinn. this is bloomberg. ♪ yvonne: some lines crossing in the bok press, the governor sounding more hawkish, saying that they will

they're not going to say yes, we think kristalina georgieva the managing director of the i.m.f.ince 2019 should step down. is that the same as throwing your support behind her? i would say to a certain extent it is. so -- and this is a very critical time in the sense because the i.m.f. world bank and -- annual meetings have gotten under way. the i.m.f. will be putting out some important reports tomorrow. so they're worried about how this wave on its credibility to have its current managing director who was the c.e.o. of the world bank until 2019 being accused i guess you would say by wilmer hale, the law firm in washington that did this report. at the behest of the board of the world bank after a couple of employees apparently complained that they had been pressured at one point to boost china doing business rankings. but this is -- this is a management turned over to the i.m.f. if they need to take a step because she is no longer there. it is very important as well that european officials are starting to throw their support in behind her. shery: i think we heard from the french

it is more about what the fate is of managing rector kristalina georgieva. -- managing director kristalina georgieva. that will really be the undercurrent of those meetings, less so what if they say about the global economy and those forecasts. also in terms of meetings today, kicking off the annual institute of international finance is a virtual event. interesting to hear the commentary around the banking environment, especially given we get all of those big bank earnings beginning on wednesday jp morgan. that will run through friday the 15th. finally, chicago fed president charles evans will be speaking at an event. the question is, what does the payrolls print mean? is a november taper still the most likely scenario? jonathan: we needed a reasonable report, and a lot of people think that is it. november 3 is the next meeting. on private equity, we thought at carlyle, ppg, apollo, not kkr. henry kravis, 77, george roberts, 78, two of the founders of this company, stepping aside for new leadership. tom: henry doesn't like to get up early in the morning. roberts is even worse. but the bott

drawing board. >>> after the break our exclusive interview with the imf managing director kristalina georgieva ahead of g20 and cop26 summits. we'll get her take on the global recovery, policy, and the biggest threat right now dow's down about 119 points. nasdaq's going strong thanks to microsoft and alphabet you're watching "closing bell" on cnbc. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. tv: mount everest, the tallest mountain on the face of the earth. keep dreaming. [coins clinking in jar] ♪ you can get it if you really want it, by jimmy cliff ♪ ♪ [suitcase closing] [gusts of wind] [gusts of wind] [ding] (rhythmic electro rock music) (crowd cheering) - bito, bito, bito, bito! - [announcer] bito, the first u.s. bitcoin-linked etf. >>> the nation's earning season, the realtime corporate score card, following a volatile quarter, strategies for investment, po

the imf has decided to keep kristalina georgieva as managing director. lender has been examining allegations of improper actions during her time working at the world bank. janet yellen says there was no basis for a change in imf leadership. she also won support from european nations including france and the u.k. germany's social democrats met with coalition allies for more than 10 hours of discussions yesterday. the greens urged that relief for pandemic hit e.u. nations while the business friendly free democrats reaffirmed no tax increases. speaking to debt limits. for more hours of talks as olaf scholz continues his bid to succeed angela merkel. thailand unveiled a roadmap to revise its tourism reliant economy by -- vaccinated visitors. visitors from 10 low risk countries including the u.s., china, germany, and the u.k. will not be required to undergo isolation on arrival from november 1. 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. this is bloomberg. dani:

the international monetary fund will keep kristalina georgieva as its managing director. orgieva has denied any wrongdoing. the number of people working in the u.k. went above pre-pandemic levels last month, an indication of a stronger labor market that may lead the bank of england to raise interest rates. payrolls rose by a record 207,000 in september you'd meanwhile, job vacancies also rose 1.2 million, also a record high. so smithkline is preparing to spin off -- glaxosmithkline is preparing to spin off its consumer unit. a number of private equity firms are interested in what could be a $54 billion deal. among them, kkr, blackstone, and carlyle group. the unit could also track some of the biggest pharmaceutical companies. 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 leigh-ann gerrans. this is bloomberg. ♪ >> they may start tapering in november and you have a sharp quarter of tapering. they are going to win about and postpone any raising of rates. jonathan: nouriel roubi

su: imf managing director kristalina georgieva is preparing to fight claims about tampering with theld bank report she has hired white-collar defense attorney lenny brower to defend her. she is accused of pressuring staff to refresh data in china's favor. her attorney says there are, quote, "substance of errors in the allegations." and on the topic of covid-related travel, the u.k. has eased entry rules for 47 countries and territories that were previously subject to the tightest of covid rules. visitors from south africa, mexico, brazil and other destinations, will now be able to avoid a 10-day hotel quarantine. only seven nations in latin america are to remain on the so-called red list starting monday. the u.k. will also recognize vaccine certificates from more countries. and in japan, a magnitude 6.1 quake struck near tokyo on thursday, the most powerful to be felt for japan's capital since march of 2011. train services were disrupted and power briefly knocked out in parts of the city. some injuries were reported. while earthquakes are frequent in japan, tremors these strong are r

international monetary fund's executive board will deliberate today over the fate of its chief, kristalina georgievadirectors have spoken with her and the law firm that alleged improper actions in her previous job at the world bank. georgieva has denied any wrongdoing. the u.s. and european union plan to announce that at least 20 more countries will join the pledge to reduce emissions. canada and germany are among them. methane is one of the most powerful greenhouse gases. 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 leigh-ann gerrans. this is bloomberg. ♪ ♪ jonathan: from new york city this morning, good morning. on tv, on radio, alongside tom keene and kailey leinz, i'm jonathan ferro. lisa back with us tomorrow. on the s&p, down 0.4%. bond market closed in america, open in germany. we are -12. in the fx market, euro-dollar $1.1573. crude on wti just short of $82. you've won the nobel prize for economics, but you don't know. the phone rings. do you pick up the phone? tom: i don't know if you pick u

bloomberg has learned the fate of imf managing director kristalina georgieva. been caught up in an ethics scandal from the time that she was at the world bank. the u.s. is the imf's largest shareholder and could ask georgieva to resign. bloomberg has learned the european central bank is studying a new bond buying program that would be used to prevent market turmoil when emergency purchases get phased out next year. the plan would replace the existing crisis tool and complement an older easing scheme. bnp paribas once to reward investors after the end of a cap on dividends. bloomberg has learned the french bank is explored a number of scenarios, including raising its payout to 6% of annual profit. fifa soccer videogames macy's to exist in their current form after publisher electronic arts says it may rename them. ea is exploring the naming rights agreement with fifa, soccer's international governing body. that deal is separate from ea's other official partnerships and licenses. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2

the imf will meet today on the fate of its managing director, kristalina georgieva.as denied any wrongdoing. residence in new zealand have been tasting freedom at the coronavirus lockdown. new south wales has been one of the most prominent success stories and containing the coronavirus under the strictest orders when the delta variant hit back in june. residents who are fully vaccinated can visit non-essential retail stores, pups, and gyms. 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 laura wright. this is bloomberg. alix: thanks so much. i feel like there's two parts to this. it is interesting to see how sydney is dealing with that zero-tolerance policy. if this lockdown spurs vaccination take-up, which has been lacking because they were so successful i really containing the disease the first time. the second point, i finally ate indoors in a restaurant on friday. guy: that is probably the more significant point. this is one of those kind of indicators that we are al

the international monetary fund will keep kristalina georgieva as it managing director.oard investigated allegations that she improperly -- china's business climate. georgieva has denied any wrongdoing. an indication of a stronger they were market may lead the bank of england to raise interest rates. payrolls rose by a record 207,000 in september. meanwhile, job vacancies rose 1.2 million, also a record high. bitcoin is flirting with a run towards its all-time high. largest cryptocurrency will see that happen. 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 million get. this is bloomberg. . -- i'm leigh-ann gerrans. this is bloomberg. ♪ >> it certainly could go to $90. in addition to everything else that is happening, people around the world, particularly in europe and china, are switching from some natural gas to oil, so suddenly you have this upward pressure on oil demand that wasn't in the forecast a month ago. jonathan: wonderful to hear from dan yergin there, the ihs mark

but when it comes to the and christiana georgia -- kristalina georgieva, her speech will be closely watchedsession becomes a lame-duck, regarding that report at the world bank. that would happen, as you say, lisa, institutions like the imf, people will essentially potentially not pay as much attention to. it is important to note yesterday with the imf report to my number of people are paying attention to that, especially if they lowered the growth forecast and they mentioned supply chain disruption. lisa: that is where i wanted to go. for the record, i am very glad tom is down there. i wanted to ask about the 2:20 p.m. speech from president biden today where he plans to address the supply chain disruptions, especially on the sales from apple we got from bloomberg yesterday. what we do to reduce these frictions that are ongoing? annmarie: that is a great question. what power does the administration have over private companies and labor unions ? what the white house has been doing is setting up a task force, become an interlock are these groups to try to ease some of these supply chain disrup

wouldn't to get your help in addressing the business scandal that has erected in the imf and kristalina georgieva feel like your research is going to have a credit ability problem, and what do you feel like you need to do to backstop it? gita: as you saw, the board came out with a strong statement expressing full confidence in the managing director. the issue about the data had nothing to do with the imf. it was about the world bank doing business reports. we place an incredible amount of importance on data integrity at the imf. we have many checks and balances, multiple departments, multiple economies reviewing our data forecasts, so i feel good about where we are. guy: you have been put under no pressure to make the data fit the narrative that is being delivered for the rep? that hasn't -- delivered further up? there's no evidence of that happening at the imf? gita: absolutely not. i have personally never face that pressure. guy: thank you very much for your time today. we look forward to the next installment of your economic outlook is a great deal of interest. gita gopinath, imf chief economi

juliette: the imf board has decided to keep kristalina georgieva as managing director.he lender has been examining allegations of improper actions during her time working at the world bank. janet yellen says there was no basis for a change in imf leadership and she also won support from european nations including france and the u.k. a parliamentary inquiry has found the u.k. government made serious mistakes in its early handling of the covid pandemic. the sharply critical report says many lives would have been saved if a full lockdown had been imposed more quickly. it said the country adopted a fatalistic approach to covid early last year and failed to learn from east asian countries that halted the spread using swift lockdown and mass testings. coal futures have surged to a record for a second day in china as another key mining region suffered flooding. two minds are reported to have been impacted by heavy rainfall. this comes after floods closed some 10% of coal mines in the country''s biggest coal producing region in recent days. global news, 24 hours a day, on air a

kristalina georgieva charged that she did -- they came out in support of her including the number onetly the united states of america. janet yellen had a call with her last night and she did back her and said the allegations raised legitimate issues and concerns and steps must be taken to reinforce data integrity and credibility at the imf the job of the managing director is safe for now. and i think the question is whether the biden administration could get blowback for backing her especially in the attempt to be tough on china. the evidence ultimately according to the board members just wasn't fully there in that report that she really intervened enough in the time. a ceo of world bank. pushing for china to move up in the rankings just looking into it. >> the way they're operated you get the backing from the united states you are safe. >> it is all voting. u.s. has the most votes and the european countries follow the u.s. on this stuff. >> interesting stuff. >>> james bull around will weigh in on the state of the economy and what's next for interest rates and curevac giving up on th