leigh: i would completely agree.original thesis around crypto in 2015 was it was utilityless, basically financial asset as religious proselytization. for me, only in 2019 did we really see some fundamental value to any of this. yes, it is definitely coming. there will be more trading that will cut down on some of the momentum in the market. but it still stands that because of the global nature of the asset class and because we are just so early in this asset class, that the asymmetric nature of the returns when something does get going and does hit escape velocity from a fundamental perspective, you do not want to cut off the right tail of those concerns. romaine: with regards to mitigating risk, i am to go back and look at it from an equity perspective. when you look at market risk and trying to match up your investments and your portfolio with whatever data you want to set at, how do you do that in the crypto sphere? particularly when correlations are not always as linked as you would like them to be and some risk

thank you, leigh milner in leigh-on-sea- _ time. thank you, leigh milner in leigh-on-sea.ific and deeply shocking news. scotland's first minister nicola sturgeon tweeted elected representatives across the spectrum will be saddened and shocked today. sir david, who was 69, and mp for southend west since 1997. let's go back to our political correspondent. clearly, the strength of feeling towards sir david suggest he was incredibly hard—working, incredibly popular, and people are just utterly shocked about what happened. he just utterly shocked about what hat tened. ., , just utterly shocked about what hat tened. . , ., ~ just utterly shocked about what hat tened. . , . ~ ., happened. he had been an mp for nearl 40 happened. he had been an mp for nearly 40 years. _ happened. he had been an mp for nearly 40 years, first _ happened. he had been an mp for nearly 40 years, first elected i happened. he had been an mp for nearly 40 years, first elected in i nearly 40 years, first elected in the early 1980s. i suppose he will be most remembered politically for winning the basildon s

priti patel also came to leigh—on—sea and spoke also came to leigh—on—sea and spoke a little bit moreuggling to come to terms with the fact that david amess has been so cruelly taken away from all of us. less than 2a hours ago, david was on his own constituency, doing a local advice surgery, which is something that all mps do week in, week out. and of course david, as i knew him and as we all knew him, was just a passionate advocate and champion for southend, this wonderful, wonderful town. and with that, of course, he was a man of the people. he was absolutely there for everyone. he was a much loved parliamentarian. to me, he was a dear and loyalfriend, but also he was a devoted husband and father. we think ofjulia and their children at this really sad time. they are in our thoughts and in our prayers. and of course you have seen some of the tributes that have been laid today for david, and i think that absolutely reflects the warmth, love and affection that people locally had for him. and the prime minister and i today have come here to pay our own respects and our tributes to david

forthe day here in leigh—on—sea on bbc news. for the moment, day here in leigh—on—sea on bbc news.s day here in leigh—on—sea on bbc news. for the moment, let's take a pause and check on all the latest weather. milderair milder air pushing its way back north was gently next 24—hour is. the weather front bringing that meant that are stretched from now on, growth of an ireland italy south—east of england. it allows much of england and wales to brighten up, especially as it emerges that 4 wheels and a south—west. right to the north of scotland. upbus of rain finishing the day for northern ireland. if you are out tonight across northern ireland and scotland, outbreaks of rain this evening, then overnight spreading to parts of england and wales. southern areas and at the foreign awful stay dry. forjust about all, it will be a mild night than we saw last night. the best of the sunshine tomorrow down towards the sunshine tomorrow down towards the southern counties and english channel. in between outbreaks of rain and drizzle to begin with. skies will brighten, most will finish sunday dry a

. ♪ leigh-ann: leigh-ann: --leigh-ann: with the first word news, i'm leigh-ann gerrans.ondon heathrow airport will increase surcharges by 36%. airlines have announced higher fees as they try to bounce back from the downturn. the fda is reportedly planning to allow a mix-and-match approach for covid booster vaccines. the agency could act as soon as this week. it is likely to not recommend one vaccine over another, but may say it is preferable to use the same vaccine when possible. an elderly couple who broke covid-19 rules to enjoy china's tourist sites have become the focus of the country's latest virus cluster. huge contact tracing and testing efforts are now underway after the two retired university lecturers from shanghai continued to travel even after being told their test results were abnormal. or than 1500 close contacts have been identified in at least six new virus cases have been confirmed. north korea has fired what appears to be at least one ballistic missile for the first time in about two years. south korea's military describes the weapon as one designed for

a leigh-on-sea with daniel sandford.— that but first a leigh-on-sea with daniel sandford.d. yes, the vigil was spontaneously organised _ daniel sandford. yes, the vigil was spontaneously organised this - spontaneously organised this evening, it was due to start at seven o'clock, and at seven o'clock there were possibly 300 people, people here have just marked a minute's silent. they are here with candles and dogs, reminiscing about sir david and almost everybody here had a personal story to tell about him because he was a man that attended so many events in the constituency that helped so many people with problems they had. almost everyone was laying flowers at the cordon around where the incident happened. they had some story about how david had helped them or had attended some significant event in their life and the decision was made to spend some time remembering a man who was so much a part of their lives since 1997, and was really, in a way that many mps are not, was a significant figure in this community.— figure in this community. daniel, thank ou figure in this com

. ♪ leigh-ann: i'm leigh-ann gerrans with bloomberg's "first word news." coalition deal to form a new government. agreeing on the basic principles of a ruling alliance. olaf scholz will precede angela merkel. a global energy crunch, oil futures hit $85 a barrel for the first time in three years. futures jumping as natural gas prices hit records. raising revenue for oil producers, risking slowing down economies emerging from the pandemic driven slump. global news 24 hours a day, online and at quicktake on bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm leigh-ann gerrans. this is bloomberg. ♪ >> all of our corrections have been really caused by the fed over tightening. they are telegraphing they are going to keep the market high and use the labor market for transitory inflation. i think they may be right but we have to push it way into 22 at the earliest. jonathan: from new york city this morning, good morning. equity positive .4% on the s&p. yield higher by three basis points on tens. cpi in america, at some point we

daniel sandford, bbc news, leigh—on—sea.y as central to their role. one senior mp — tobias ellwood — has suggested that face—to—face meetings should no longer take place. our political correspondent damian grammaticas reports. around the country today, mps continuing to hold their surgeries. the mp in the peak district saying he will keep doing this all year round. craig williams in montgomeryshire thanking police for being there to give reassurance and kieren fallon in cheshire saying we must not let people force us to do things differently. but already there are changes. here in south wales, a police guard for an mp's coffee morning. we wales, a police guard for an mp's coffee morning.— wales, a police guard for an mp's coffee morning. wales, a police guard for an mp's coffee morninu. ~ ., . ., coffee morning. we now have cctv at the front and — coffee morning. we now have cctv at the front and rear _ coffee morning. we now have cctv at the front and rear of _ coffee morning. we now have cctv at the front and rear of the _

daniel sandford, bbc news, leigh—on—sea.ght across the political spectrum. and his death has led to renewed questions about the safety of mps, five years after the murder ofjo cox. today, hersister, the mp kim leadbeater, described her horror at today's events. here's our political editor, laura kuenssberg. and officer's task in essex, to lower the flag. at half mast over parliament too. the unionjack hanging limply and sombre over number ten, hanging limply and sombre over numberten, matching hanging limply and sombre over number ten, matching the mood. ddtfld number ten, matching the mood. david was a man who — number ten, matching the mood. david was a man who believed _ numberten, matching the mood. d: c was a man who believed passionately in this country and in its future, and we have lost today a fine public servant and a much loved friend and colleague, and our thoughts are very much today with his wife, his children and his family was white sir david spent nearly a0 years on those green benches. hfe sir david spent ne

leigh-ann: with the first word news, i'm leigh-ann gerrans.he billionaire founders of kkr are giving up their leadership roles. henry kravis and george roberts are stepping down after dominating private equity for almost half a century. they had elevated joe bae and scott nuttall to co-chief executive officers. the buyer was an fbi agent posing as a foreign official. authorities say the case involved cryptocurrency payments and a memory card hidden inside a peanut butter sandwich. hong kong's chief executive is defending coronavirus travel restrictions out of frustrating global businesses. in an interview, carrie lam said restrictions will stay in place for the foreseeable future. >> of course, i am concerned, and we are working very hard to resume normal travel in a gradual and orderly manner, both with the mainland of china and with other laces. leigh-ann: lam says mainland chinese officials want to follow a stricter reproach to wiping of the virus. the international monetary fund's executive board will deliberate over the fate of its chief.

. sense that there was in leigh-on-sea.- sense that there was in leiuh-on-sea. ., ., ~ leigh-on-sea.daniel sandford, thank you very much- _ the conservative mp tobias ellwood said he would recommend that mps pause holding surgeries following sir david's killing. there is an absolute passion to not see that bond, that link, that important communication, between mps' accessibility removed. that's been identified right across parliament and indeed in the public as well. i look at these events through the prism of security. the killer was linked with extremism — that has now been established. he was on a home office watch list. so this is being treated as a terrorist attack. he was self—ratified, a lone operative, and the police are concerned about copycat attacks. so, yes, as we move forward in the way you have been discussing today, we have to do that in a rational, sensible and safe measure. already some mps are having to be escorted and looked after by police presence. and others are just saying, "absolutely not, i'm going to carry on what i'm doing." i'm simply looking at this from

i was in leigh-on-sea _ help protect us. i was in leigh-on-sea yesterday help protect us.h-on-sea yesterday and so the leigh—on—sea yesterday and so the flowers and messages by way of tribute to the memory of sir david. there have been vigils held in church services. ijust there have been vigils held in church services. i just wonder when parliament returns what friends are there or ideas for marking his memory and honouring the contribution is made to public life and politics. contribution is made to public life and politics-— and politics. you're absolutely ri . ht. and politics. you're absolutely riuht. he and politics. you're absolutely right- he was _ and politics. you're absolutely right. he was a _ and politics. you're absolutely right. he was a great - and politics. you're absolutely. right. he was a great politician. and politics. you're absolutely i right. he was a great politician. a politician who enjoyed his job, he got the best out of the job and that's why he was so well loved within his constituency and across the house. we will be paying tributes to david

our correspondent duncan kennedy is in leigh—on—sea.n a sense, the tribute captures the impact that the public has had on the family. the small grain of comfort in an awful 48 hours for them. how would you character is the mood you've encountered in leigh—on—sea? it certainly has captured exactly how the family are feeling, and i think the family are feeling, and i think the only way to that statement tonight is absolutely heartbreaking. they themselves used the word that they are broken by what has happened, and as you said there are the urged people to show love and kindness, and they say that no matter what your race, religion or political beliefs, people should be tolerant and understanding towards each other. so those really heartfelt words pouring out from the family tonight, released through the metropolitan police. it comes as the police cordon here in essex has been lifted — so we are now standing right outside the church where sir david amess lost his life on friday, this is the closest we've been since that friday on —— that

leigh ann, you're in it. >> i am in it. i am not the star, but i am a player. we play against members of congress and it's all for cancer, breast cancer fund-raiser. go press, we will win once again. >> great players and great coaches, too. thank you, ladies. i appreciate you being with us. >>> coming up, a lot more to get to here on the show. in addition to what we are seeing unfolding on capitol hill. you have officials giving a major update on the deadly shooting on the set of "rust." what they're saying what seem to be live rounds, that's plural, next. >>> new terror threat developing inside afghanistan. officials warning isis-k might be able to attack the u.s. within months. we have our richard engel coming up live. equally distributes talent, but it doesn't equally distribute opportunity, and paths are not always the same. - i'm so proud of you dad. - [man] i will tell you this, southern new hampshire university can change the whole trajectory of your life. (uplifting music) there is something i want to ask you. umm, it's a little soon... the new iphone 1

let's cross to our correspondent in leigh—on—sea ben boulos. thank you.d and lee and sea have been waking up that man they have known for so many years as their representative in parliament is no longer with them. and that is reflected in the flowers that have been laid, the notes and the memories that people are sharing. there was a vigil held last night at the near by catholic church where people took the chance to come together to come to terms with their grief and to talk about the sir david that they knew, that they met, that they remembered and that they now so dearly missed. the tributes were coming through, a steady stream of tributes as the news was breaking. that continued today with the prime minister, borisjohnson, and the leader of the opposition, sir keir starmer, coming here to leigh—on—sea to lay flowers at the scene where that fatal stabbing took place. the sight of the two party political, main party political leaders side by side emblem attic of the way people say sir david worked as a politician, somebody who could reach across the div

daniel sandford, bbc news, leigh—on—sea. former labour mpjohn woodcock — now lord walney — an independent adviser on political violence. he's been conducting an independent review of political violence and disruption, due to be submitted by the end of year. two main areas spring to mind and it springs back to the time from when joe cox died. and with sir david losing his life. and i think on policing and security, harriet harman had a really strong point where there is surely a media know and i think it's realistically talking about the kind of closed protection for members of parliament that the home secretary and prime minister has but in those days and weeks afterjoe died we certainly did review our security and increased it in our offices in general but many mps wanted to keep the open surgeries in an open environment there was one of those. and i think that while there was an increased level of communication with the police as to where we were having surgeries there has not been, to my knowledge, a discrete police prese

daniel sandford, bbc news, leigh—on—sea.el sandford gave us this update from the vigil. at seven o'clock there were probably more than 200, possibly 300 people here. people here havejust marked a minutes silence and you can see they have gathered with candles, with dogs, reminiscing about the david amiss. almost everyone had a personal story to tell because he was a man that attended so many events in the constituency, that helped so many people with any problems that they had. almost everyone laying flowers at the corrigan today around the scene where the murder happened had some story to tell about how he had helped them or had attended some significant event in their life and this evening a decision was made to gather here at one of the recreation grounds and spend a bit of time remembering a man who was so much a part of their live since 1997. and was really, in a way that many mps are, a very significant figure in this community. the conservative mp for north west cambridgeshire, shailesh vara, knew sir david amess well

leigh-ann: with the first word news, i'm leigh-ann gerrans.tol hill, senate majority leader chuck schumer is running out of time to break a deadlock among his fellow democrats over president biden's multitrillion dollar economic plan. he is facing major policy challenges and tactics by mitch mcconnell. if he could break the deadlock, that would aid the way to clear a second bipartisan infrastructure bill. russia is keeping a tight rope on europe's energy market, opting against sending more natural gas to the confident despite assurances from president vladimir putin that the country was ready to consider eddie steps necessary to save lives and markets. europe's biggest supplier since to plan more through the key gas root en -- gas route in ukraine. a property sump and energy prices have delivered a big blow to chinese growth. gross domestic product spent at 4.5% from the year earlier, down 10.9% in the previous quarter. there are signs of more pain to come as the country heads into winter and property curbs remain. beijing has signaled his not

leigh-ann: with the first word news, and leigh-ann gerrans. up to the house to avert the immediate threat of a catastrophic default today. lawmakers are scheduled to vote on a increase to the government's borrowing limit. it is good for less than two months, when congress faces an even bigger showdown over debt and spending. oil has held above $80 today. west texas intermediate futures were little changed. there are expectations that a power crisis from asia to europe will lift demand, and that opec+ alliance could add to the upward price pressure. chief scientific officer of johnson & johnson is retiring. they have taken on some of the world's most imposing infectious disease challenges, including the coronavirus. he is leaving at the end of the year. the announcement comes less than two months after j&j's longtime ceo alex gorsky said he will leave on january 3. the coach of the las vegas raiders has quit. he steps down hours after "the new york times" reported he made homophobic and misogynistic marks in emails. that followed an earlier --

leigh-ann: with the first word news, i'm leigh-ann gerrans.t is the end of an era in private equity. the billionaire cofounders of kkr, henry kravis and george roberts, are giving up their leadership roles. the to have dominated private equity for almost half a century. kkr's new co-chief executive officers will be joe bae and scott nuttall. economists at goldman sachs have cut their forecasts for u.s. growth this year and next. the bank blaming the delayed recovery in consumer spending. goldman expects 5% growth in 2021 and 4% next year. meanwhile, goldman also predicts the equity market will continue to rally. a report says investors will gain confidence that the current pace of inflation won't last. the international monetary fund's executive board will deliberate today over the fate of its chief, kristalina georgieva. directors 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 coun

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans. the u.k. new zealand have agreed to a trade deal which includes improved business travel arraignments and reduced tariffs on clothing, buses, ships, and bulldozers. government research last year estimated such a deal would have no long-term impact on the british economy. former president donald trump has announced a deal that would enable him to regain his social media presence after he was kicked off both twitter and facebook. a press release says trump plans to start a social media company called truth social. if all goes according to plan, it would be up and running ahead of 2022 midterm elections. china's evergrande group scrapped plans to offload a stake in its property management arm, and real estate sales plunged about 90% during peak home buying season. that is worsening the liquidity crisis on the eve of a dollar bond deadline. in statements yesterday, evergrande added it has made no further progress on asset sales and may not be able to meet financial obligations. global news 24 hour

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.n capitol hill, the house has improved a short-term increase of the government debt limit. lawmakers are sending the legislation to president biden just days before the treasury was at risk of running out of borrowing authority. still, there is lightly to be another partisan confrontation over spending and debt in less than two months. president biden turns his focus to supply chain transportation bottlenecks today. he will meet with corporate executives, labor leaders, and port officials. the president will highlight what they have done to ease distribution backlogs. meanwhile, the congested port of los angeles will announce a 24 hours a day, seven days a week effort to combat the squeeze on goods. the european union law for a new round of concessions to the u.k. over northern ireland in the latest brexit negotiations. the eu will propose cutting as much as 50% of the customs checks in northern ireland and up to 80% of the checks on food imports. the northern ireland protocol keeps th

i'm leigh-ann gerrans.s is bloomberg. ♪ sen. sanders: the $6 trillion i initially proposed was probably too little. $3.5 trillion should be the minimum, but i accept that there's going to have to be give-and-take. jonathan: senator bernie sanders speaking on abc. futures down 13, -0.3%, coming off the back of the biggest weekly loss going back to february. euro-dollar, $1.1635. and the bond market, yields higher to 1.50% on tends. -- on tens. tom: this is a joy, to talk of the moment in washington and the larger picture as well. windy schiller is at brown university, director of the taubman center of american politics and policy. she also has the most readable textbook treatment on america in a democracy under threat. i can't convey to you the importance of gateways to democracy as an instruction guide for so many americans. jonathan: wendy, great to catch up with you. we keep talking about these numbers, one point $5 trillion, $3.5 trillion, senator sanders looking for $6 trillion. how many people in ameri

our correspondent, duncan kennedy, is in leigh—on—sea. sir is in leigh—on—sea.david's family say they have been overwhelmed by the public support and that the mountain of flowers behind you at the scene where he was stabbed is evidence of that, clearly?— that, clearly? absolutely. it is evidence on _ that, clearly? absolutely. it is evidence on what _ that, clearly? absolutely. it is evidence on what has - that, clearly? absolutely. it is evidence on what has been . that, clearly? absolutely. it is- evidence on what has been another very sombre day here, culminating tonight in the removal of the police cordoned, allowing us to come close to the church for the first time since sir david lost his life on friday. and also culminating tonight in this really heartbreaking statement from the family. indeed, they use the word we are broken within it and then they made these a urgings and pleadings for people to show love and say that no matter what race, religious or political beliefs you have, people should show tolerance and understanding between themselves. the stat

daniel sandford, bbc news, leigh—on—sea.est cambridgeshire, shailesh vara, knew sir david amess well and shared his memories of him. to me sir david was an extraordinary man. he was lovely, warm and generous. when i first got elected 17 years ago, he was one of the first mps to come up to me and say, "this is a complex place with lots of rules and regulations so if you ever have any difficulties or need advice, my door is always open." what is extraordinary is i saw him say the same things to other new members over the years whenever we had general elections or by—elections. i shall miss him because his office was round the corner. we would often meet in the corridor or left on the weighted votes and what back together. when you say man of the people, this is a man who is committed to his constituents, nearly a0 years of dedication and commitment to the people he served. what is extraordinary also is that he was very much a true parliamentarian. he will be missed by members of parliament on both sides. and the fact that so m

leigh-ann: i am leigh-ann gerrans. advisors to u.s.ulators say booster shots of moderna's coronavirus vaccine should be given to older people and those at high risk of the disease. the booster is half of the original dose. the fda panel says it should be given six-month after the initial vaccination. the texas abortion plan will stay in place until a hearing in december. a federal appeals court says it will keep a child's judge ruling blocking the law on ice until the issue is taken up in a related challenge. texas bans abortions after the sixth week of pregnancy, before most women realize they are pregnant. amazon has appealed a record $865 billion fine over the european union data protection law. regulators and luxembourg world the company violated laws through its processing of user's personal data. amazon has denied there was any data breach. it was the worst september for auto sales in europe since 1995. new car registration plunged 25% to 973,000. that has put the industry on track to do worse than last year's disaster showing. t

i'm leigh-ann gerrans.he dealmakers at j.p. morgan chase posted their best quarter yet. fees from advising on deals almost tripled in the third quarter. that crushed analyst estimates and helped push j.p. morgan's net income to $11.7 billion. ceo jamie dimon says the bank has weathered supply chain disruptions well. on capitol hill, the house has approved a short-term increase in the government debt limit. lawmakers are sending the legislation to president biden just days before the treasury was at risk for running out of borrowing authority. there is likely to be another partisan confrontation over spending and debt in less than two months. opec is sounding a cautious note on the strength of oil demand, despite international crude prices surging above $80 a barrel for the first time in several years. opec has revised down estimates for global oil consumption. this year, the cartel says the spike in natural gas prices could boost petroleum use in some areas, but hurt it in others, like refining cutting is 5

daniel sandford, bbc news, leigh—on—sea. security of mps when meeting their constituents — something seen by many as central to their role. one senior mp — tobias ellwood — has suggested that face—to—face meetings should no longer take place. our political correspondent damian grammaticas reports. around the country today, mps continuing to hold their surgeries. robert largan in the peak district saying he'll "keep doing this all year round." craig williams in montgomeryshire thanking welsh police for being there to give reassurance, and kieran mullan in cheshire saying, "we must not let people force us to do things differently." but already there are changes. here in south wales, a police guard for an mp�*s coffee morning. we now have cctv at the front and rear of the building. we had to have new security fitted onto the front and rear doors. we have panic alarms in the constituency office that staff often wear around their necks. we have installed panic alarms at my front door, at the side of my bed. you know, this has bec

joining us to start the hour is nbc news capitol hill correspondent leigh ann caldwell, punchbowl news co-founder john bresnahan and politico's eugene daniels. great to have the three of you with us. leigh ann, let's talk about the debt ceiling since that's the most existential of the crises before this white house. mitch mcconnell sent a letter to biden today telling him to act but it's really republicans blocking democrats from taking a simple majority vote in the senate to get it done. we should be clear to our audience, because a lot of this stuff can be confusing. democrats are asking the republicans to stop filibustering a bill. you heard the president use the phrase "get out of the way." why won't mitch mcconnell do that? is it because he can't keep his caucus in line or is this a leverage play, he's holding out for something else? >> geoff, it's unclear. the letter that mcconnell released today saying he's asking for nothing in return other than the fact that they want no part in lifting the debt limit. of course if the republicans do, quote, want to get out of the way, that wo

sir david was killed during a constituency surgery in leigh—on—sea yesterday.ttack as a terrorist incident which is potentially "linked to islamist extremism". a 25—year—old man who was arrested at the scene remains in custody — and searches have been carried out at two addresses in london. our home affairs correspondent dominic casciani reports. a moment of unity across the political divide. two leaders representing a shocked nation. this morning, borisjohnson and the labour leader keir starmer stood together on a quiet road in leigh—on—sea, where sir david amess lost his life. the committed constituency mp who, at the age of 69, showed no sign of giving up his work or his community. campaigning on every issue that mattered — climate change, cycling, veterans and even local dogs. less than 24—hours ago, david was in his own constituency doing a local advice surgery, which is somthing all mps do, week in, week out. of course david, as i knew him and we all knew him, was a passionate advocate and champion for southend, this wonderful town, and with that, of cour

i'm leigh-ann gerrans. this is bloomberg. ♪ >> we have got to figure out how to get our fiscal house in order. you don't get to just borrow unlimited amounts of money. except for government. if you care about medicare, if you care about social security, we have to look just live within our means. jonathan: republican senator rick scott from florida. from new york city this morning, good morning. your equity markets totally unchanged after five days of gains. in that the bond market where yields are going nowhere. down almost to basis point. slightly weaker euro and euro-dollar negative. crude back with an 82 handle down about $.90 on the data. we are negative. tom: what do you make of the real yield coming in? we have a lesser negative number , make it .93. jonathan: it's more than inflation move from reels to breakevens, it's gone through domestic to global. we will catch up later on that this morning. this is the warm-up. tom: i will be in the surveillance map. this is importance. i'm keeping track of the

i'm ben boulous, live in leigh—on—sea, where the killing of the mp david amess is being treated as arorist incident. police say there is a potential link to islamist extremism, and counter—terrorism officers are searching two addresses in the london area. side by side in grief — the prime minister and leader of the opposition visit the scene as tributes are paid from across politics. he was a man of the people. he was absolutely— he was a man of the people. he was absolutely there for everyone. he was a _ absolutely there for everyone. he was a much loved parliamentarian. to me, was a much loved parliamentarian. to me. he _ was a much loved parliamentarian. to me. he was_ was a much loved parliamentarian. to me. he was a — was a much loved parliamentarian. to me, he was a dear and loyal friend. the killing has resurfaced the dilemma facing mps over security at their surgeries and whether it would be safer to hold them virtually. i was based in westminster. you get very. _ i was based in westminster. you get very. very— i was based in westminster. you get very, very comfortable very q

leigh-ann: with the first word news, i am leigh-ann gerrans.onal democrats are still confused over how to slice of president biden's economic agenda. the tax and spending cuts down from about $3.5 trillion to $2 trillion in the original plan, though they cannot agree on which parts of the president's agenda to keep and how long to pay for that. changes are coming at the federal reserve. the vice chairman will be removed from his role as the wall street bank's main watchdog. progressive groups need now get to see their least favorite governing group sidelined. two other governors, lay our and michelle bauman. the russian leader was one of the european union to rewrite some of the rules of the stock market after years of overdoing moscow's concerns. it is over the controversial nord stream 2 pipeline to germany to boost gas deliveries. china's exports have hit monthly records in advance of holiday shopping, power outages across the country, rising prices also adding to the increase. meanwhile, chinese imports rose less than expected. immortalized

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.ebook is planning to rebrand with a new name that focuses on the meta-verse, according to the verge. the original app's brand may remain unchanged, similar to google's structure without the bet. ceo mark zuckerberg -- with alphabet. ceo mark zuckerberg is expected to discuss the change next week. jamie dimon has told staff jp morgan will boost pay. the change is aimed to act her age -- to encourage advisors to stick with the bank. morgan stanley says it will be spacex that lifts to trillions. morgan stanley has a $200 billion build case valuation on it, and adam jonas sees spacex as multiple countrie -- sees a spec -- sees spacex in multiple countries. 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. ♪ ♪ >> for decades we have relied upon just-in-time delivery, and now we are beginning to find that there are real vulnerabilities with the -- vulnerabilit

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.n north korea, kim jong-un showed off a buried arsenal of missiles designed to frustrate u.s. defense systems. it was a rare display that appeared to be kim's latest effort to break the diplomatic stalemate over his nuclear program. he blamed the u.s. for creating regional tensions. the house is set to vote on a short-term increase to the government borrowing limit today. that whatever to the immediate threat of a catastrophic default , but it sets the stage for an even bigger showdown on debt and spending in less than two months. the international monetary fund will keep kristalina georgieva as it managing director. board 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-t

duncan kennedy for us in leigh—on—sea in essex.ommons, who helps oversee security around mps, says lessons must be learned, after what he called the "hideous killing" of sir david amess. mps are warning of increasing hostility towards politicans. our political correspondent damian grammaticas explains. in leigh—on sea today, more tributes for sir david amess. many have come from his constituents but some from neighbouring mps. the killing of one of their number has shaken many. this morning across the airwaves there were stories of how they had faced threats as well. do you feel safe doing yourjob going around your constituency? not really, no. if i'm honest. mps are treated as if we weren't humans. we have seen the encouragement of a climate often of hostility towards members of parliament. i have had people writing in my office will, "why. don't you kill yourself?" staff are pretty scared most of the time. i had a threat to abduct my children. this from one friend of sir david amess. there is now obviously a fear there is bad peo

he was attacked at a church in leigh—on—sea during a meeting with constituents.that tens of thousands of people who had a pcr test were told they didn't have coronavirus when in fact they probably did. 0perations have been suspended at a private laboratory in wolverhampton after more than a0,000 people — who'd had positive lateral flow tests in september and october — were then given negative pcr results. most of the affected cases are in the south west of england, with some in the south east and wales. 0ur health editor hugh pym reports. these are the lateral flow tests that we took. graham has the lateral flow test results which suggested there was covid in his household, except that the pcr test which they then had done told a different story — negative. friends had similar experiences. now he realises he probably did have the virus. i coach football. i carried on with that and went about things as i normally would because i was convinced ijust had a cold. i feel terrible. my wife took extra precautions as a teacher but i know she is upset that she may have ta

our home affairs correspondent dominic casciani is at leigh—on—sea.ing local people here have been coming up to this police cordon surrounding the church where sir david amess was stabbed and died. they have been laying flower, all ages, all backgrounds, have seen the very old to young school—children who met him in their schools and it a genuine outpouring of community grief but led by the nation's political leaders who were here first thick this morning. a moment of unity across the divide. two leaders representing a shocked nation. this morning boris johnson nation. this morning borisjohnson and the labour leader keir starmer stood together on a quiet road in leigh—on—sea where sir david amess lost his life. the committed constituency mp who at the age of 69 showed no sign of giving up his work for his community. campaigning on every issue that mattered, climate change, cycling, veterans and even local dogs. less than 24—hours ago, david was in his own constituency doing an advice surgery, which all mps do week in, week out. david as i knew him and

i'm hallie jackson in washington along with our nbc news team ready to go as we watch what goes on, leigh ann caldwell at capitol hill, shannon pettypiece at the white house, guys, let me just take a pause here, because we don't want to assume that everybody knows everything about what the plan is moving forward and what the options are. so let's talk about what the options could be as it relates to this debt ceiling showdown. and there are new developments here. five possible outcomes, not all of them with happy endings. option 1, republicans blink and back off on their insistence that they will not join democrats to suspend the debt limit. this option just got kind of real with republicans sort of blinking with our new reporting in the last hour that senator mitch mcconnell is offering up a short term deal, but it's more of a maneuvering. >> the senate republicans' position i find to be hypocritical, danger and you say a bit disgraceful. >> the second option, democrats do something they don't want to do and use the budget process known as reconciliation to raise the debt limit. that's t

i am leigh-ann gerrans. this is bloomberg. ♪ >> i am confident what we need to do come into compliance with the minimum tax will be included in a reconciliation package. i hope it will be passed and we will be able to reassure the world the united states will do its part. jonathan: janet yellen speaking on abc. from new york city, good morning. tom keene, jonathan ferro, and kailey leinz. your equity market lower one third of 1% on the s&p. yields higher in germany. we are closed in the bond market stateside. in the fx market, the euro weaker. in the commodity market, $81.62. you have to go back to october 2014, the last time crude prices for this type. we are positive 2.86%. tom: 80 to 84 on brent crude, i think that is a 5% move. jonathan: as you've said it is persistent. it is almost every morning, another 1%. tom: lots of persistent trends. let's dovetail this wonderful nobel prize announcement into what we see in washington, which is jobs is everything in politics. emily wilkins joins us with bloomberg

leigh ann caldwell is on the hill,

nbc's leigh ann caldwell, thank you so much.. >>> the global head of safety for the social media giant tried to defend the company following reports that it was aware of how its instagram app could have harmful effects on the mental health of teenagers. nbc news correspondent tom costello has the details. >> reporter: on capitol hill, facebook and its instagram app in a blistering condemnation. >> facebook knows that its services are actively harmingion children. >> how can we or parents or anyone trust facebook? >> have you quantified how many children have taken their own lives because of your products. >> reporter: facebook's head of global safety appearing virtually and on the offensive. research found one in three teenage users said instagram has contributed to their own body issues, eating disorders, anxiety, and depression. among teens who had suicidal thoughts, 13 of british users and 6% of american users traced those thoughts to instagram use, though, facebook insists far more face social connections. >> more found thei

what does this development mean for that vote, leigh ann? >> it's unclear, geoff. as jake mentioned, this is just an offer. this is a proposal by leader mcconnell to leader schumer and something that he's still going to give to schumer. we don't know if schumer is going to accept it. we don't know if this changes the calculation at all. but we do know that republicans were planning to block this vote that was expected to take place. now, geoff, we knew something was afoot when a last-minute scheduled democratic caucus meeting was supposed to take place behind closed doors at 1:00 today, and then about ten minutes before it was to start, it was canceled. and so that was an indication that there were perhaps some negotiations and conversations happening between the two leaders. now, this is something that has come to the brink. this is the most dire of a standoff that i've seen in a really long time up here on capitol hill. especially because, you know, leader mcconnell wasn't asking for anything as far as passing this debt limit. but he was trying to tell democrats

leigh ann, start with you. a lot of questions this afternoon. hearing from key players where negotiations stand, what the sticking points are. here's what some of what democrats have been saying over the last few hours including chuck schumer just a couple minutes ago. >> i believe that we will get this done and we will get it done soon. >> we have made a significant amount of progress and we are almost there. >> the bill must expand medicare to cover dental, hearing aid and eyeglasses. >> we need an ironclad agreement rp to the build back better act. >> what are you hearing and what's the deal with the possible infrastructure vote before the president head overseas later in the week? >> reporter: democrats are saying what's actually happening is not the same thing, hallie. they're talking optimism but they're far from any agreement. i asked senator warren about a framework in the next 48 hours. they said, absolutely. i said, is that enough to advise progressives in the house to vote for this bipartisan infrastructure bill with just a framework?

. ♪ leigh-ann: with the first word news, i'm leigh-ann gerrans.s finance meters met with reddish leader -- with british leader boris johnson, they agreed that the problem needs markets and markets need new rules. barclays ceo jes staley spoke with bloomberg television. >> from the prime minister to the chancellor, they want the u.k. to be a leader in addressing the climate issue, and they are dedicating their resources of the british government and the city of london in order to do that. so they want a leading role. they got the ability to take a leading role. the banking community and the financial community should be supportive of the british government doing that. leigh-ann: today's gathering has drawn criticism from climbing -- from climate groups, who say the fossil fuel financing of attendees undermines global attempts to fight climate change. president biden will continue courting democratic progressives and moderates today as he seeks to reach a deal to advance his economic agenda before the end of the month. west virginia democratic senat

he was attacked while holding a constituency surgery in leigh—on—sea in essex.derstood that the 25—year—old suspect — ali harbi ali — was referred to the government's counter—terrorism programme, prevent, several years ago but was never an official "subject of interest" to mi5. he's now being held at a police station in london, while three properties in the city have been searched. frances read has this report. lighting candles so he will be remembered. hundreds gathered to pay their respects to david amess, all faiths, young and older. not everyone may have agreed with his politics, but in this community they respected and loved him. he touched everybody�*s lives, and i don't know anybody who had that kind of reach. a truly dedicated soul. he was a genuine, caring and compassionate man, and it's absolutely tragic what has happened to him, and our hearts go out to his loved ones. i feel so sad, i don't know where we go from here. l as a nation, i don't know where we go from here. i i really feel sad. in the light of day, this now formally declared a terrorist in

our news correspondent duncan kennedy is in leigh—on—sea.is charitable causes — can mps continue to see their voters face to face? exactly, dave clearly put a lot of thought into this and it absolutely heartbreaking statement they've released to the police tonight and as you said there, it literally says that they are broken by what is happening. but urging people to show love and kindness and also that line you read out about about what relates to the back race or religious beliefs, they should be tolerant and understanding. it was a testament to the man himself, capitalising on his character, how warm and caring he was and that is been reflected and dozens of dozens of people with their cards and flowers and some simply saying thank you to a great man. what flowers and some simply saying thank you to a great man.— you to a great man. what do you think peeple _ you to a great man. what do you think people there _ you to a great man. what do you think people there are _ you to a great man. what do you think people there are is - you to a gre

daniel sandford, bbc news, leigh—on—sea.e uk have been contacting mps to discuss their personal safety. meeting constituents is seen as central to their role as representatives, but the death of sir david amess has re—opened a debate about the risks they face. 0ur political correspondent damian grammaticas reports. around the country today, mps continuing to hold their surgeries. robert largan in the peak district saying he'll "keep doing this all year round." craig williams in montgomeryshire thanking welsh police for being there to give reassurance, and kieran mullan in cheshire saying, "we must not let people force us to do things differently." but today there are changes. in south wales, a police guard for an mp's coffee morning. and he already felt honourable. we now have cctv at the front and rear of the building. who'd watched radical islamic sermons online. she was bundled away. and in 2017, four passers—by and pc keith palmer were all killed outside parliament in what police called an act of islamist—related terror.