lisa: lisa: lisa: a lot of western nations -- lisa: a lot of the western nations are deciding where tod power lines are getting redrawn. how do they shake out? jonathan: joining us now is fellow of the city council. what are your thoughts on that? >> i think we are short on detail here in terms of the chevron story. is this oil that is already on the market, just on the black market or is production actually going to increase in venezuela? that could be meaningful for the market, but it will take quite a long time to actually get going because their oil facilities has been in incredible disrepair. this has been a very long problem for them. the interesting thing is, they're looking for oil producers that are less bad. there are a lot of less bad oil producers in the united states that have the ability to produce more, just a they are not producing more because they do not think the atmosphere is conducive to it, and they are facing a lot of headwinds from inflation and getting parts, labor, and equipment, and costs are very high. there are things the biden administration could do to en

i am lisa mateo.his is bloomberg. ♪ we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? >> i think we have one more big lay down and crypto. i think we are going to see selling often bitcoin. one of the thing supportive recently are the fact there are a lot of ways that are invested in keeping it higher. tom: on fire yesterday. we went from katie greifeld on a reporting of ftx, whatever it is called, it was quite good. got picked up by the media. you did the job yesterday. are you any more knowledgeable on bit dog? i am still not. i feel dumb. lisa: the one thing i will say to conflate it coin with the entire crypto universe is a no-no. you will get hate mail. tom: i do not agree. lisa: ok. tom: i think that is an underline. jon ferro on assignment today. we are going to drive forward in the conversation. lydia you may you'd and sonali put tog

lisa: with the first word, i'm lisa mateo. 5.6 magnitude earthquake hit. several homes and buildings damaged and landslides happening . tremors were felt in nearby cities, including the capital of jakarta. the u.k. plans to increase fees for the russian pipeline due to the attacks on the power supplies. the operator of ukraine's oil pipeline network informed russian counterparts that continued destruction of the ukrainian energy infrastructure is led to a significant shortage of electricity and increasing costs, shortage of fuel spare parts according to a letter. twitter's head of france announced his parch or peer he led the region for seven years. a number of workers at the paris office which had fewer than 50 employees before billionaire elon musk took over last month are focused on advertiser relationships. musk is considering additional layoffs and has slashed the workforce in half. 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

lisa: good morning. tom and john are both off, just happened to be on when england is plane the u.s. and the cup. i am glad damien sassower is joining us. you always bring a host of knowledge. are you watching the world cup? damien: what a kick. this: i could watch this. damien: tom keene has to be home. we are seeing the markets close and it seemed a reset. what has been the main theme you have felt from the outlook you have been seeing? damien: everyone is calling for the fed. . the market is accustomed to the fact that the u.s. will be in a recession next year, the u.s., not so much. it is chairman powell holding onto the hawkish rhetoric. we have payrolls week and a lot of data coming through. lisa: a lot of people were hoping the optimism would be fueled by the sense that china would be reopening. i was reading about the shutdowns in beijing and the case numbers. all the optimism around emerging markets, global growth, supply chaise normalizing. -- supply chains, lies in. -- supply chains reopening.

i am lisa mateo. this is bloomberg. ♪ if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to find out. then work with highly qualified professionals to fill out your forms and submit the application. go to innovationrefunds.com to learn more. ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? >> we want to go through the transformation of the next three years with a very strong capital base and leave the transformation also with the greatest capital base. it will be deafly from 2024 onwards. tom: that's mr. over kerner in charge of the swiss bank under siege

lisa: 92%.ks we are going to get persistently high inflation and that is going to lead to low growth. we are there. how long can that last? that is the question. jon: gilles moec comes to new york. great to catch up. i would love a reality check from you, how much better is europe than what we have seen later in the summer? gilles: not much better. things have not changed materially. german military -- germany is the biggest potential victim of gas supply. the position is better than we could have feared six months ago. nothing has changed. the fact that we are sliding into recession, all the data flow we had still goes in the same direction. you look at european commission surveys, for the bank of england survey for instance, it is consistent with sliding into recession in the next two to six months. what has changed, there was this one lower-than-expected print in stagflation in the u.s.. markets scrambled, d pricing on the fed. they expect differential in the fed shrinks. i would not read muc

lisa: maybe symphony. jonathan: the 10 year is 364 and the fx market, euro-dollar is slightly positive. lisa: you talked earlier about the inflation information out of europe. we had softer than expected inflation in spain and we look at the different regions and we get an edm on germany and we expect to tick down a touch. that's the average of analysts surveyed. how much will be comforting before you get a different message from an ecb that has the same fear the fed does which is letting inflation get away without clamping down harshly? we will get a host of housing data out of the uas including the case schiller index for september but how much do we see that acceleration of the decline in home prices? this is a leading indicator and takes out some of the confidence of consumers and their buying power especially for pete -- for people who are middle income. at 11:00 a.m., there will be a news conference with the secretary of state and nato. they will talk about crane but expect china to be front and cent

i'm lisa mateo. this is bloomberg. ♪ >> still very much gridlock in washington and i got to say, that is a fine story for the markets. the markets can live with us because any progressive legislation makes it out of the senate and goes to the house will die the house. tom: brilliant yesterday on the election that continues, no question about that. his note this morning speaks about speaker pelosi and perhaps we will see news on the future today. we get a brief on that and tied into international relations with every -- g20 meanings wrapping up, our washington correspondent in arusha -- in donesia. i want to talk about this conversation in ukraine with mr. zelenskyy. it goes right over to the republican house. do we actually think the united states will hold back aid to a nation at war? >> a big question given yesterday we have the news the republicans have control of the house now and set to be speaker, most likely, if you can get those in january, kevin mccarthy has said it will not be a blank check

lisa: i can't.voiding overreliance on china, in particular in certain areas, including raw materials, critical technologies where he wanted to see a scaling back of risky, one-sided dependencies, trying to avoid what happened in russia. how does that compare with the meeting they had in china? jonathan: do you think it is a message for german companies or american leadership? lisa: it is interesting this is coming at the same time that president biden meets with xi jinping. how much is that paying lip service to at the u.s. is trying to do and how much our business moving away? jonathan: so much swagger at the g20. lisa: defined swagger? jonathan: handshakes and fist bumps, is that swagger? equity futures down .4%. from new york, this is bloomberg. ♪ special place that you want to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let

lisa: i hate daylight savings. jonathan: so do i. lisa: 4:46 p.m.set on sunday and i'm not happy. i think it's terrible, don't support daylight savings. you lose an hour of sleep and it's hard enough jonathan:. jonathan:what do we have in store monday morning? lisa: it will be a disaster. jonathan: coming up, greg peters with fixed income. are you with us? tom: a pound of hamburger is up 32%. jonathan: you are a solid three minutes behind today. tom: it's up to 32%. jonathan: we are live on air so three minutes kind of matters. xfinity rewards is a program whose sole purpose is to say "thank you" with experiences big, small and once-in-a-lifetime. sometimes it's about cheering hard enough to shake the stadium! sometimes, it's as simple as movie night right here at home, on us. you mean the world to us. so we're bringing you closer to what you love. kinda like this. welcome to 30 rock! join xfinity rewards for free on the xfinity app today. our thanks, your rewards. jonathan: special coverage coming up on bloomberg you later this afternoon. the morga

lisa m: keeping you up-to-date with the first word, i am lisa mateo. president biden and xi jinping had the first-ever in-person meeting today. they shook hands before sitting down at a hotel in bali, indonesia, where the group of 20 summit is happening. the president said the two have a responsibility to show that china and the u.s. can prevent competition from turning into conflict. in turkey, authorities say a kurdish poll taker and its u.s.-backed affiliates in syria were behind a deadly bomb attack in his temple, killing at least six people and wounding 81 in a taurus district. turkey says the suspect has been captured and was identified as a syrian national. in the u.k., chancellor terry hunt is expected to delay much of the 65 billion spending cuts and tax hikes until after the next election. that is to protect the economy and shore up support for the conservative party as the country heads into recession. the bulk of the savings would be delivered in the final years of the five-year forecast. shares of japan softbank plans today, failing to ann

lisa: thank you so much.conversation to have when people look for another shoe to drop. looking towards the less traded assets that have yet to be fully repriced, we are waiting for president biden to begin his press conference that was supposed to start at 8:30 a.m. and is yet to start but we are seeing people assembling. anne-marie has been there to cover their proceedings and we got a read out from the u.s. side as well as the chinese side. it seems like nobody wants war but maybe that's where the agreement ends. is there any crossover in terms of the readouts that is newsworthy? anne-marie: one of the most important parts of the white house readout is that the leaders say they agreed to antony blinken visiting china to continue the discussions which shows this was a frank and candid discussion but that will continue so it looks like this is a follow-up to this meeting that they want to maintain these relationships between washington and beijing. as we wait for the president to arrive, many members of his

i am lisa retail -- i am lisa mateo. this is bloomberg. ♪ >> rather than increasing the respite in america or giving consumers a break, their excess process are going to shareholders and buying back stocks. executive profits will skyrocket. enough is enough and if they don't, they will pay a higher tax on excess processes -- profits. john: the president going after big oil. equity features of about eight or 9/10 of 1% on the s&p 500 and we can head over to our good friend manus cranny. >> thank you. joining me now is this special presidential court nader and it is good to see you. we were playing a sound bite about buybacks and dividends would bring the wrath of -- taxes but to his speech, let's talk about last night. the president warned that there is a risk of a windfall tax if you don't reinvest. is this just political kite flying? >> it is great to be here with you in abu dhabi. the president -- this has been a consistent message from the president and the administration asking companies to take their profits and and

lisa: we will find out. the warm-up act, lisa bowman and -- michelle bowman and lisa cook.owell. does he have any interest in how the market responds to what he says than what he says? is there still credibility and weight behind his words? will also hear from janet yellen, amazon ceo andy jassy and ceo sam bankman-fried. he has been quiet since his company went bankrupt ftx. where did the money go? how did he come up with those shortfalls? controversial that he is on the stage. some people pushing back and saying there are still many questions around the nature and disappearance of certain funds. we have a host data, jolt in particular job openings. do we see an ongoing decline in the number of openings? a company say we are not going to hire so much, or do we see an ongoing need for workers in certain sectors, even big tech, continuing to push back? i will be reading the beige book. tom: do we have any weak labor data? is there any thing besides the type -- tech blowups? jonathan: labor markets were surprised. tom: i don't know what he says today. is not want to talk abou

i'm lisa mateo.his is bloomberg. ♪ returning to the office, we need our paranormal services to be more versatile. flexible working needs flexible technology. i know a group who can help us. not those new age shamans again. i'm talking world-class business experts. data geeks, strategists, tax advisors, the works. i do like data geeks. what about technologists? 40,000 strong, baby. who are these people? it's ey, believe it or not. can they help us build remote ghost-to-cloud tech? oh yeah. they've invested over $2 billion dollars in innovation in high tech data and analytics. the best of both worlds. that's our motto! actually, that's end-to-end transformation. we'll be able to hit our projections both fiscal and astral. and we'll have the tools to be more nimble wherever we go: home, tombs, caves, catacombs, you name it. this company sounds great. what do you think, agnes? looks like it's unanimous. >> i think if donald trump does not run come biden will also not run. we could be facing a situation i

i'm lisa mateo. this is bloomberg. ♪ >> democracy is literally on the ballot. i've been making the case since i ran. more than 300 republican candidates for state, local and federal office who are alexion deniers. these deniers are not only trying to deny your right to vote, they are trying to deny your right to have your vote counted. jonathan: the president of the united states, a busy weekend campaigning for him. good morning to you all. price action to kick off a busy trading week. equity futures look like this, up a half of 1%, adding to gains from friday. we are positive 2/10 of 1%. crude going nowhere but back in the 90's. tom: brent crude, $90. not the highs of friday. we will go to the person we will lean on tomorrow in washington and wednesday morning as we pick up the debris and that is annmarie hordern. i look at my reading over the weekend and the thundering silence i noted was not distrust in the polls but just what is the value of the polls? you've talked to experts on both sides of th

lisa: i agree.n: the global fx app strategy and td securities looking forward to that conversation. equity futures by 2/10 of a 1%. on election day in america, this is bloomberg. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) jon: election day in america. by more than .1%. nasdaq 100 positive also. in the bond market, your 10-year yield is down by not even a basis point. 4.218. shortly after the payrolls we got very close to 4.80 on the two-year, then we backed away. 4.72 now. levels we have not seen since 2007. in the fx market, a bit a weakness for the u.s. dollar. eur

lisa: that's jimi hendrix. knew that. ♪ - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) jonathan: your equity market this wednesday morning, trying to stage a comeback but we are almost unchanged on the s&p 500. yields are little bit higher on the front and of the two year and the 10 year as well. in the fx market, your-dollar looks like this, just north of parity. the single name is meta-in the premarket rallying. it's positive by four percentage points as the facebook chief executive officer, mark zuckerberg apologizes and takes the blame for the revenue shortfall and dare i say the

lisa: other people disagree.ou are seeing how you'll do really well, significant rally in the last couple of weeks in tandem with stocks. who is on the other side of that? tom: i would say their caution is dead on. jon: you have talked about the losses in fixed income. tom: you know how i feel about this. forget about all the spread analysis. price down. jon: from washington, this is bloomberg. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... save hundreds a year over t-mobile, verizon, and at&t with xfinity mobile, and for a limited time get $500 off any new eligible samsung device. jon: two-day winning streak on the s&p 500. can we make it three? equity futures up .2% on the s&p. yields are lower by a coup

i am lisa mateo.s is bloomberg. ♪ >> i think inflation may have peaked, but the dissent is going to be gradual and far from steady. i think at the end of the day, you are looking at key components which are now the cat is out of the bag, they are significantly higher. jonathan: how sticky is inflation going to be on the way back down? cpi print in 12 minutes. equities marginally higher through most of this morning on the s&p, up .3%. yields lower down to basis points on the 10 year, down 4.0 7%. dollars stronger against the euro. euro-dollar, ..951. tom: thrilled he could join us for an extended time. the language is sufficiently restrictive. what will you learn about sufficiently restrictive in 11 minutes? >> thanks for having me. it is good to be in person. i think in terms of sufficiently restrictive, we know a lot of inflation data is lacking. i think the fed took account of that in their last fmc statement, talking about the lag defects and cumulative tightening they have done. that is an indepen

first word, i'm lisa mateo. was no right away for republicans in the midterm elections. a gop hope to capitalize on president biden's low approval ratings and swamp the democrats in congress. republicans appear to have the house but with a very narrow majority. and the senate is still up for grabs. democrats scored a big win in pennsylvania where john fetterman was elected to the u.s. senate over tv celebrity minute's. in one of the more highly contested races, j.d. vance turned back tim ryan to keep ohio senate seat republican. the georgia senate race is too close to call. raphael warnock and show walker maybe headed toward a runoff that could decide the fate of the senate. in israel, benjamin netanyahu was confirmed as the winner in the national elections. that puts the former prime minister on track to form a right-wing coalition government that could complicate foreign relations. israel's president is expected to ask netanyahu to form a government in the next four weeks. cryptocurrencies extended declines as

lisa is out. washington for two days here for the elections and tomorrow morning with interesting results to say the least. as i was learning at the willard hotel, it is about oil country. oil country is oklahoma and texas. for stephen schork it is not about texas or oklahoma, it is about heating oil in new york harbor. it matters to so many on global wall street. would you explain the why? why is everybody talking about heating oil in new york and the northeast? stephen: in the northeast it is because 70% of the heating oil markets homes are located in the northeast. significant amount of homes are going through the winter and it simply do not have any supply. why is new york harbor important? the heating oil contract. we are looking at inventories that are well below the normal. the pennsylvania turnpike had a that there feeling station on the turnpike was closed because adams town was out of diesel fuel. we are out of diesel fuel and we have not even come close to the start of the heating seaso

i am lisa mateo. this is bloomberg. ♪ >> ultimately, we will raise rates to levels that bring inflation back down to our target in a timely manner. as i explained recently, how far we need to go, how fast will be determined by the inflation outlook. >> christine lagarde dry output. maybe we will see that coming up in certain ecb press conferences but this did not move markets but got the attention of all. christine lagarde speaking. lisa, on a friday, it is a reaffirmation by lagarde on this linkage of economic slowdown to bring inflation down. >> you nailed it when you said the markets are not moving on this. they are done with this. they have done this before. they said we are going to go where we are going to go it with ours. >> will talk about speaker pelosi and a the. maria tadeo in frankfurt. lisa wants to go to the lagarde story. i want to go to the fact that winter is here. i looked at the weather report in ukraine and this is not funny. for the next four days, starting saturday, it is 24, 25.

lisa: there it is. tom: do you want to hear from five fed officials were here from philip camporeale? jonathon: i want to hear from phil. when we start calling the sable market? -- calling this a bull market? >> not yet. it has been a recurring nightmare for investors. inflation has been very, very slow to come down. it has caused terminal rates to jump, the dollar to rally, equity markets to fall. it has been a nightmare all year. i think that is the reason why we are feeding some of these rallies and while we don't think they have much legs, at least to the end of the year. as i keep telling people, it is like groundhog day. there is a terminal rate problem in the equity market. in other words, we have no idea when the fed is going to stop. they mentioned last time, maybe we will pause and may be it will affect all of our tightening, but if we continue to get sticky inflation, there is no fed member who wants to go down in history as losing the fight on inflation. that is why we are cautious on the eq

i am lisa mateo.ederal chair jerome powell is declaring he is ready to raise interest rates as high as needed to get rid of inflation. at the same time, he said the fed could go to a slower rate of increases as soon as december. meanwhile, it just under two hours from now, the bank of england is expected to deliver its biggest interest rate increase in 33 years. economists predict the u.k. central-bank will raise interest rates by 75 basis points in order to cool double-digit inflation. that would bring that base rate to 3%, the highest since 2008 and the single biggest increase since 1989. in china, the national health commission says the zero covid approach remains a strategy to fighting covid. it was hoped that it would be erased soon, but they reported the biggest jump in covid cases in months. elon musk intends to inform the affected staffers on friday. remaining twitter employees will be asked to return to the office. global news 24 hours a day, on air and on bloomberg quicktake, powered by more

i'm lisa mateo. president biden has told allies that the explosion in poland was caused by ukrainian air defense. it was sparked by a russian missile barrage on ukraine. the explosion killed two people and a village about four miles from the polish ukrainian border. donald trump says he wants to make america great and glorious again. the former president declared tuesday night at his resort in florida that he will run for the white house a third time. >> this is a movement. this is not for any one individual. this is a job for tens of millions of proud people working together from all across the land and from all walks of life, young and old, black and white, hispanic and asian, many of whom we have brought together for the very first time. >> the announcement comes at a time when many republicans blame the president for his lackluster showing in last weekend's elections. there hasn't been inflation height since 1995. the consumer price index rose more than expected to 11.1%. soaring energy bills wer

lisa: how do we see this in the labor market?t expecting it to see that in the headline market. can you talk about where you see the layoffs happening? will it be tech centric or do you think it will be a broader swath of layoffs that will start feeling by the next quarter of next year? dr. kroszner: i think it will be broader. they are projecting unemployment up 4.4%. that feels too sanguine for me. if they want to bring it down, it will be hard to have the unemployment rate to go up to 4.4%. j powell has talked about a higher unemployment rate getting into the fives and even sixes relative to previously slowdowns and recessions, that is pretty good but it is much higher. jonathan: he will stick around and break down the numbers with us when they drop. we are about seven minutes away from the fed's decision in the number we are looking for is 193. the meeting is 193, we are down from 263. mike mckee, sitting down pretty late for this job's number, what are you anticipating? mike: the whisper number is 238. i think we are looking

lisa framed it nicely. when it comes to the midterms, you want to understand the composition of d.c. to get your hands around whether we can have a kata cyclical circuit. the fed is saying they are unwilling to provide it. the objective is to slow down growth. i don't think we have the physical space at all, aced on what we saw take place in the u.k.. tom: or will that? and is the paradigm shift that we will have fiscal gridlock? the tendency jonathan: is toward gridlock. jonathan:if you as people -- tom: the tendency is toward gridlock. jonathan: if you ask people on wall street, they will say that is what they want. the conversation that lisa and i had in the last couple of hours is that is the short-term story. if you landed at 12 months with inflation lower and bond yields lower in the physical space returns in washington and you can provide that buffer in a downturn, i wonder how british people will think that is. tom: we see oil price, brent crude at 97.83. i'll tile, it is tangible. -- i'll tile -- a

lisa is here.e students who came from different cities, and here in general they studied at bestuzhev courses, from all over the country, of course, even muscovites came here to study , and even from abroad and with bulgaria from greece, this is a wonderful chemical laboratory, which butlerov himself designed it like this. this is what the audience looked like, they walked absolutely freely. yes, but you have to. this is not in general, they were very modest. most of the students are there. they just wanted to do science, therefore, in fact, because of what shlinovskaya dreamed of becoming an actress here, but did not dare to say about her she did not dare to disobey her desire for a strict father, and in january 1905, when nikolai ignatievich forbade her daughter to participate in revolutionary rallies. and only in one ekaterina nikolaevna resolutely went against the will of her father. a record from 1911 about the marriage to kirill nikolaevna bayanovskaya with alexander ivanovich sidek, in fact,

. -- lisa abramowicz. jonathon: equity futures just about positive, the data just a couple hours away. tom: i think everyone we had in the opening said the election doesn't matter, let's move on. we are not going to move on. but you are right, it is cpi thursday. it really matters to get to the next cpi and that important fed meeting. jonathon: i was just going through the data. it's amazing. tom: i am off for three days. jonathon: just take off everyday for those data points. tom: we will get a data check but it takes important tension that we have today. we will start with michael pond, and expert -- an expert on the market. jonathon: we have our annual cpi will drop and then looking at what crypto is doing the last couple of days. lisa: really? i can tell you're being sarcastic. [crosstalking] we don't normally cover the crypto markets. as much as we are not covering crypto, the bleed through to the rest of the markets is significant. what you are seeing right now is a crypto meltdown that is taking all

thanks, lisa and amna.esults continue to come in, and the balance of power in congress remains in question, as we heard earlier, president biden today is celebrating what he called a strong night for democrats, and he promised to work with republicans to find bipartisan solutions if they win majorities. for more on the president's reaction to the election, and what it means for the next two years, i'm joined by laura barron-lopez at the white house. where she was last night. told everyone about the president's news conference this afternoon. you were there. give us the gist of what he said. ask the president was careful to say the prognosticators got it wrong about big republican gains. he expressed confidence about the signal the voters sent to the public. >> and they sent a clear and unmistakable message that they want to preserve democracy, protect the right to choose in this country. laura: the president gave a shout out to voters age 18-30 because it looks like young voters turned out in record numbers

lisa: lisa: that's not the main risk we are facing. lots of disinflation in the pipeline. i think the fed has to say this because the moment they don't say that is the moment they let financial conditions ease and thus last thing they want to do. jay powell is the last to acknowledge that labor has terms. that is at odds and what we see in the pipeline. jonathan: hey tom, we have to go. tom porcelli is there. this is different from what the fed is signaling and what it thinks. when you look at the labor market right now, we see prices all over the place and we don't see it in the data. when we look at the inflation stuff, you can see it in commodities, have not seen it and headline inflation. tom: i will defend richard clarendon, they are fixated as is joe biden on one thing, inflation. jonathan: some people have a big problem with that. tom: that $98 brent is not going away. 8:15 eastern time, we are 15 minutes away from a payroll report in america. this is bloomberg. lisa: oprah winfrey has thrown her endorsement to john fetterman an

i am lisa mateo.he u.s. and russia reportedly have held private talks on ways to avoid escalating the war in ukraine. according to the wall street journal, a peace settlement was not the goal of the discussions. the biden administration was said to have worn the kremlin against nuclear. nations must pay their share to help poorer nations do with climate change. emmanuel macron is attending the -- climate change summit in egypt. world leaders will attempt to maintain momentum to battle planet warming emissions. in china, exports and imports unexpectedly fell for the first time in more than two years. overseas, consumers bought less, while demand in china was hurt, covid zero controls and a housing slump. brazilian experts have been a major supporter china's recovery in the past two years. twitter is asking dozens of employees it laid off last week to please come back. elon musk cut close to 40 -- 37 hundred employees last week to cut costs. employees learn some were laid off by mistake. management real

lisa, let's get a check outside. lisa: it is milder. it is 55 in oakland. today temperatures in the narrower range. may be a few light showers. today we begin our shower activity, it is going to be light and increased throughout the next four days. we will talk about it with my seven day forecast, next. liz: how much chevron will have to fork over for its role in an oil spill in the bay. then, deadly tornadoes ripping through parts of the south. we will have a look at the destruction and where that storm may head next coming up. (vo) it's a fact! two out of three americans who qualify for medicare do not receive all the benefits they deserve. you could be missing out! now anthem blue cross introduces a free medicare plan checkup to make sure you receive all the benefits you qualify for in 2023. call 1-866-336-3448 today and receive extra benefits for a zero dollar monthly premium. benefits like dental, vision, hearing and prescription drugs! and to help you stay healthy at home, you can have free prescription drug delivery, online doctor visits twenty-four

lisa: technology is fast-paced.you think about the technology trends, the size of our company, when i took over as ceo, we were about a $5 billion company, this year it was $3.5 billion company, more employees, more product lines in the world is a different place, so we love it. we love the dynamic nature of the business and also believe that is one of our core strengths, is we are able to navigate through different things. emily: amd shares were on a tear for so long and they have taken a hit with the rest of the market. is that hard to watch? does it change anything for you as you run the company? lisa: we certainly believe that the right thing to do is to focus on the long-term strategy. and the long-term strategy is product roadmaps, deep customer relationships, continuing to innovate, and that is where we spend 99% of our time, and we all want to ensure that all of our stakeholders are happy with the progress, so we are always working on those things. emily: i have asked you this multiple times over the last se

lisa: what is your outlook?a:first, great to be with you in person and congratulations on the special show. we are excited to be here. when i look at the market, a couple of things, the semiconductor market has been strong the last several years and we have certainly been trying to ramp up production across the board. some portions of the market are doing extremely well, things like the data center business, the embedded business, services, aerospace, defense, industrial, automotive, and then there are some parts of the businesses that are going through a lower demand period, pcs, consumer devices. we just launched our new server chips, i'm glad we can talk a little bit about that. emily: how do you hope it would change the game? lisa: i have to say that it has been a five-year journey. we launched the first epic server line in 2017, and over five years, we have had three generations of true leadership performance, so with our fourth-generation epic, it is game changing for the server market. when i talk about t

we will get a check of the forecast with lisa. lisa: high pressure is in control. the winds are light. we have a nice day on the way but wait until you see these morning temperatures. 49 san francisco but you do see the 44 palo alto. freezing in santa clara. 40 in san jose. check out not only the 30's but the 20's. 29 in fairfield. netvato at 42. the sun coming up at 6:55. we will drop another few degrees. three to 17 degrees colder and for the rest of the morning, it will be a slow recovery to the 50's. mid-50's by 9:00. low to mid-50's and upper 60's today. some high clouds. a nice day ahead. another cold night. we will see more of the same with subtle changes for thanksgiving. details in a few minutes. liz: back here at home, kamala price will become the first ever black district attorney. she brands herself as a reform advocate. as anser hassan tells us, her supporters hope she will be the change they have been pushing for. reporter: many community groups say pamela price's win signals big changes are ahead. >> it really speaks to the energy and community's wil

lisa: i got told.ing at a cold front that will slide to the east of us and will allow for an offshore flow in the mountains. we have a wind advisory. nothing locally but breezy winds and hills towards napa. this would get going mid morning to late morning. numbers are chilly in spots but not quite as cold as they are yesterday. 37 in livermore but 40's around the bay. look at the 50 degrees temperature, half moon bay of 13 degrees. elsewhere more degrees of warming. by the afternoon it will be a mild day with temperatures surpassing yesterday's highs. mount diablo relatively humidity has dropped to 30% and it will just get lower throughout the teen in the late afternoon due to these northerly winds from fairfield to napa. you will notice that just over 30 miles per hour. the winds will be subsiding quickly and that will aid in are much cooler mornings saturday and particularly on sunday. there is a wind advisory, the delta, fairfield, sacramento, the west slopes of the sierra nevada could see winds nea

♪ (♪♪♪) lisa: it was a very cold day.as snow on the square, and the snow had been shoveled up and packed into these little pyramids. we were wandering around, just keeping an eye out. myself and my cameraman, each with a camera, but concealed. and we heard from behis this whooshing sound. (people shoung indistinctly) lisa i turned arod and i could see some smoke on the horizon, just a little trail. i got my camera out and got about 20 seconds, 25 seconds of shaky video. before any of us knew it somebody was on him, a military piceman, and he didn't resist. i made a run for it. i thought maybe i could get to the oer side of the square and outrun, and, of course, i couldn't. but it gave me a window of opportunity to get a small tape out of my camera and into my bra. they ended up taking u through the scene. i could cleay see three pele, on fire. and it was absolutely the strangest thing i'd ever seen. (♪♪♪) (females reporter talking indistinctly) male reporter #1: china's communist leaders today escalated their campaign aga

reggie: i can get it for you too , lisa. i am going to go on a run. lisa: so nice. imagining that, perhaps an extra one. it is so cold out there. we will start to warm up after 8:00. consent to get set -- get sent to have the heavier coat. there are clouds offshore that will be visiting us today. if you look at the current picture, you think we would be warmer with the blanket of one clouds with the just moved in. not in time to stop the numbers from dropping. 35 in richmond. 39 in union city. 44 in san leandro. 34 in nevada with mid 30's along the peninsula. that is a cold start. anywhere from a couple of degrees colder to five to nine degrees colder, mountain view or half moon bay. as we head out this morning, you will notice not only the patchy frost but clouds increase. the gusty winds return tomorrow and offshore winds are going to warm us up so we could be above average again for friday. rain chances are still with us. it is not flicking as robust as we once thought. there are a couple of for cost -- a couple of forecast models not with us. this is where we se

lisa: we appreciate your time. >> thank you for your time, lisa.it. ♪ judy: the prevalence of covid in the u.s. right now is much lower than it was during the past two winters, and its deadly toll far less, but covid is hardly behind us. the u.s. is on pace to lose more than 150,000 americans during this third year of covid. and older americans are at the greatest risk of dying. in fact, more than 300 people a day are dying from covid on average, far higher than from the flu, and nine out of every 10 covid deaths are among people who are 65 and older. the biden administration is particularly concerned about these trends and trying to encourage more people to get booster shots. dr. ashish j is the covid response coordinator for the white house and he joins us now dr. jha, welcome back to the newshour. so these numbers we read are disturbing. nine out of every 10 of these deaths, someone 65 and older. how much worse is that aspect of this than it was? earlier in this pandemic? dr. jha: so judy, first thanks for having me back. we have seen over the l

lisa: very good.talk to republicans and democrats alike, they would all tell you that moment on has been swinging republicans way in this -- these last crucial few weeks. when you talk about the house, republicans need to pick up five seats in the house, as many of our viewers no. some republicans think they will do much better than that. i spoke to democrats who believe they could even lose 40 or more seats in this election. is that likely? they will say no. is it possible? yes. to the senate, republicans need to pick up one seat, and it seems like it is a tacit. very close, many close races. but it is interesting some of the seats republicans thought were out of reach like new hampshire where maggie hassan is up against don bolduc, is suddenly more competitive. the timing of tomorrow's vote really matters judy: lisa, one other thing, you have been following the number of candidates who are election deniers, the 2020. what are you seeing there? lisa: this is something laura and i have been talking ab

thank you lisa. also had bay area hospital beds filling up with children sick with a respiratory illness the signs just spot and the warning from health experts and then we're rescue efforts are underway after a plane crashed into a lake overnight. we'll explain what makes the train so magical? it's not just the enchanting call of the whistle or the adventurous spirit in every bend of the track. it's about where it goes. to places. and faces. and the warmest of memories. the magic of the train is more than how it takes us away. it's how it brings us together. ♪♪ it's how it brings us together. here is a live look outside from our santa cruz camera. i'll quiet there this morning guess no one's hitting the beach during this rainy weather. okay new overnight rescue operations are underway after a plane crash into lake victoria in africa new video shows many of the passengers on board being rescued 43 people were on board. it's unclear right now if there were any fatalities one end of the runway is near

lisa, you grow up in buffalo so this is something you are using to. lisa: i miss it dearly.t kidding. we had a lot of snow. where these key areas are, there is a lot more, both the city getting a lot. they are still dealing with it. crippling snow there and we would do anything for precipitation our way. a ridge of high pressure keeping the west coast high and dry. the rich will build into the holiday. there are signs of rain coming back into our future before the end of the month. we can look at our exploratorium camera, 51 and is san francisco. 57 in half moon bay. we have had wind gusts over 40 miles per hour. oakland is 49. you can see the camera shaking over 20 mile-per-hour winds out of the north ringing relative humidity down to 23%. low 40's in santa rosa. good recovery from 30 this morning. 49 by the delta. 51 in concord. it is much more mild from around the heart of the bay to our inland east bay. to the north, santa rosa, looking at some call the numbers. even santa clara has been sheltered with chili readings. northeast winds, 20 to 25 miles per hour. still with

lisa desjardins is here to walk through the results. lisa, hello. lisa: hello.ot the results right here. judy: you do. and there's a lot to talk about, a lot to report on. so, here we are, six days out. what are the polls telling us? lisa: who's going to win? that's the question everyone wants to know, right? we asked, of course, in this election, do you prefer republicans or democrats? let's look at where the country is right now in this poll. it does not get closer than that, 46% of americans in our survey saying democrats, 46% republican. that little, tiny gray space in the middle, that's the 8% who didn't have a preference either way. now, i will say, judy, this looks like a dead heat. when you ask voters who say, i will definitely vote, republicans have a slight advantage, just a little one. but it's really just as close as it could be in this election. so we wanted to know, of course, what's on voters' mind, what's going to affect whether -- who they vote for. and we look at the issues, and here's what we know right now voters are thinking about. if you lo

that's what lisa is. lisa's. that's what lisa is. lisa's hating the privilege.his thing about private. i've got to say, the reason my parents or grandparents came to this country is for progress is the privilege that this country has, which is a great educational system. if we can if you can afford to put your kids in private education, should i even think there should be a tax relief mark a tax? because i'm not taking from the state, from like mine education, so why not me some money back? because it's expensive and you're we do expensive and you're right we do stretch ourselves for education. expensive and you're right we do stre do ourselves for education. expensive and you're right we do stre do stretches for education. expensive and you're right we do stre do stretch ourselveslcation. expensive and you're right we do stre do stretch ourselves to tion. we do stretch ourselves to provide . and i will say provide that. and i will say that, know, when you see the that, you know, when you see the car kids, school car park of my kids, school playground it's all l

that's what lisa is. lisa's. that's what lisa is. lisa's hating the privilege.his thing about private. i've got to say, the reason my parents or grandparents came to this country is for progress is the privilege that this country has, which is a great educational system. if we can if you can afford to put your kids in private education, should i even think there should be a tax relief mark a tax? because i'm not taking from the state, from like mine education, so why not me some money back? because it's expensive and you're we do expensive and you're right we do stretch ourselves for education. expensive and you're right we do stre do ourselves for education. expensive and you're right we do stre do stretches for education. expensive and you're right we do stre do stretch ourselveslcation. expensive and you're right we do stre do stretch ourselves to tion. we do stretch ourselves to provide . and i will say provide that. and i will say that, know, when you see the that, you know, when you see the car kids, school car park of my kids, school playground it's all l

lisa: i don't know. liz: snoopy. lisa: that looks like fun. we will get into a pattern change.ve been talking about it but now it looks more likely. a couple systems moving through. we primed the atmosphere for a winter system that is not only going to affect the bay area, but all of california. here is a look at clouds moving into parts of san francisco. it is cold but not as cold as it will be as we get to tuesday and wednesday morning. 35, santa clara. 38 in campbell. we've got more 30's on the peninsula from redwood city, san carlos at 43, 36 in napa. just a degree over freezing in santa rosa with 48 downtown. there is a little bit of fog and we are looking at the 24 hour temperature change to nine degrees colder this morning. we will continue that trend as a dry cold front moves through tomorrow. it will bring a quick burst of snow. otherwise today, partly cloudy. then rain likely thursday, friday, and even the weekend looking like we could see another system. we are dried with the passage of the cold front monday, bringing the colder air. temperatures below average for th

lisa: they came home this weekend. jobina: i'm jealous. lisa: