alongside tom keene and lisa abramowicz, i'm jonathan ferro. friday morning. for some it is payrolls friday. for most, it is still tuesday night in america. equities down by 0.7%. a race that is still too close to call. razor thin margins in places like georgia. tom: i do want to note, very importantly, the japanese out to new strength moments ago. joe biden out to new strengths, and there's no question the key gone bidenrgia has ever so slightly. ahead for mr.es biden in georgia. jonathan: everyone doing the math and saying the passed for the president just gets narrower and narrower. the president overnight continuing to push back in a uniform manner from the whole campaign. tom: really extraordinary to see that. i know we will have some images of that press conference last night. , wethose of you worldwide will have our experts on that. what is so important to me is the idea that this is just not the president. he has galvanized trump nation to send a message out that this is fraud. georgia, pennsylvania, nevada, arizona, the counting contin

in the bond market, lisa abramowicz, monday, yields to the moon. by the time we get to friday, 88 basis points on the 10 year. lisa: you guys are talking about how there isn't that much pressure in washington to do anything, and there's the feeling of looking past this all, but markets are not giving any pressure. they are saying near term, it looks bad, but long-term, it looks great. the cpi datagot that came in weaker than expected. today i did: 30 am, we get the u.s. october producer price index, also expected to show deceleration, highlighting how perhaps demand isn't picking up to the degree people had expected as the virus takes off and grows exponentially. 10:00 a.m., university of michigan sentiment index. a question of how our consumers looking at the pandemic and adjusting their views of the economy as a result, their purchases, their purchases, the confidence level, versus looking past it all to a time of the vaccine. 11:00 a.m., nancy pelosi holding a weekly press conference. it will be very interesting to see how much she emphasizes try

alongside tom keene and lisa abramowicz, i'm jonathan ferro. this equity market is flying. it is thursday morning. for many of us, it is tuesday night still. tom: we will get to that in a moment. i think the markets are so important for a global wall street audience. it is really important to look at the levels here and not the abrupt changes day after day. moments ago, s&p futures 3500. dow level, 29,000 plus. nasdaq 100 level, 12,000. that is a market that is adjusting. jonathan: the nasdaq up 9% since election day. three days, nasdaq futures up 9%. can you make sense of some of this price action? tom: absolutely not. jonathan: seeing the equity market up this much is pretty impressive. tom: we can pontificate about it. lisa will have all of the answers about why we are moving up. just in the last hour, yields come in. of all of the political debate this morning, the one little tea leaf was in georgia. mr. biden narrows the gap with 96% counted. tom: you mentioned -- jonathan: you mentioned the bond market. the company continues. lisa: if you

alongside tom keene and lisa abramowicz, i'm jonathan ferro. your equity market unchanged on the session. on the month, just wow, what a melt up. tom: it is a melt up in the certain areas that were way behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. you do measure the wall of cash on the sideline. how does that feel this dow 30,000 morning? left out,very lonely, isolated, and i imagine some of it has capitulated. we talked about a tug-of-war at the start of this month when we got deposited vaccine news. overwhelmingly now, this market is looking through the near-term risks into year end. i had a conversation with someone who suggested we could get a negative payroll sprint -- negative payrolls print for the next couple of months. it is an outlier call, but deteriorating data is consensus, and here we are running straight through it. tom: maybe it is a biden administration, the fed coming on, stimulus coming on. you keep talking about the russell 2000, up 11%

alongside tom keene and lisa abramowicz, i'm jonathan ferro. this morning, equity markets absolutely flying. a wise old man told me sometimes you have to rip up the script. this morning we do just that. , thethe election results fromsion off of the news pfizer. let's just frame where this market is. i'll let lisa worry about bonds. i am looking for an entry point, and i don't have one coming with s&p futures out to record highs, up 120. jonathan: let's get straight to the price action of this moment. equity futures are absolutely surging, up by 3.3%. it is a huge turnaround. on the 30 year we go about to 88 basis points. a bit of dollar weakness back through this market, just south of $1.19. a vaccine possibly helping us normalize this global economy. what does that mean? bti with a $40 handle. lisa: it looks like pfizer will get some of the safety data necessary to see whether they can get some of the emergency approval to roll this out. this is what everyone has been waiting for. i simply, what is the circuit breaker to the surge in covid cas

tom keene, lisa abramowicz con -- lisa ferro on abramowicz, jonathan ferro on "bloomberg surveillance." i'm happy lisa is right here with me. [laughter] laterricks is coming up with eli lilly. look out for that. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. attorney general william barr will let the justice department investigate potential voting irregularities in the presidential election, but has acknowledged there is no conclusive evidence, and warned against what he called far-fetched claims. the head of the department's election claims branch resigned. the u.s. set to hit record hospitalizations for the coronavirus this week. numbers are soaring in midwest states such as illinois and michigan. in texas, the city of el paso has more people hospitalized with the virus than in 29 states. starting today, the european union will impose tariffs on $4 billion worth of u.s. goods, a tit-for-tat escalation of a fight over illegal aid to aircraft many factors boeing and airbus. the eu says it would drop the tariffs if the u.s. removes duties imposed by eu product

alongside tom keene and lisa abramowicz, i'm jonathan ferro. abramowicz, lisa i'm jonathan ferro. tom keene still out of the building. more vaccine news. lisa: and perhaps too much turkey. to file for u.s. and eu clearance for vaccine approval for covid-19. this is widely expected. this is the vaccine that was found to be 94.5% effective in the primary analysis. there is discussion about possibly having some sort of meeting later in the month with the fda to make the approval. we heard from officials over the weekend that they are going to try to approve it in fast order. if you take a look at markets, not the response you would think, at least not much. jonathan: it has been the diminishing marginal rate of the additional vaccine news in this market that has diminished over the last several weeks. equity futures down 0.4 percent. expectations are already so well anchored by the vaccine news we've had over the last several weeks. we are down 0.4% on the s&p 500. in the bond market, yields up by a basis point or two to 0.85% on the 10 year. the news isn't this morning. it is the cu

robust in any outcome. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowiczood morning, everyone. jonathan ferro, lisa

alongside tom keene and lisa abramowicz, i'm jonathan ferro. it is monday morning, which means one thing, apparently. vaccine news. tom: that's the way it has been. we will get to the expert in a moment. it is moving markets, but there's a lot of stuff percolating. the dollar strength really has my attention. i would go to the news released in the 5:00 hour of the reports that mr. netanyahu met with the crown prince of saudi arabia. these really haven't been vetted out by the israeli or saudi government yet, but i wonder if that helped a little bit as well. jonathan: i don't know about that, tom. news, dollaraccine weakness, can we touch about that a little bit more? the dollar taking out the lows on dxy. es,: we will see how bbdx do and the others. what i would note is the mexican peso. comes through, hits 20 this morning. that is just one little snapshot of the complexity of e.m. pairs doing well. dm,than: from e.m. to everything stronger against the u.s. dollar. yields up a couple of basis points. lisa, good morning to you. supply coming thr

alongside tom keene and lisa abramowicz, i'm jonathan ferro. loweray morning, equities on the s&p, higher on the nasdaq. instructions from new jersey, utah, massachusetts, and now new york joining in as well. question is without the most important issue. the blur of information we are getting, the effect on the markets, the effect on the nation's politics, it doesn't matter. the pandemic statistics, the cases, the hospitalizations, and yes, rising death rates are front and center. jonathan: couldn't agree more. the conversation is so familiar to everyone sitting in london, in europe watching this play out. you start at 10:00 p.m. curfew you start to limit dining. then what? that is the concern for a lot of people this morning. tom: i'm going to use the hands up. that has proven so effective on radio worldwide. think of it like three hockey bucks of death in europe. inis only one hockey puck the united states. europe is way out front of this, and i am frightened by the idea we will begin to see the deaths expand. the other thing i am frightened

alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity futures slightly negative. the brutal reality of the here and now catching up with the help of 2021. tom: it is going to be interesting to see the 2021 look forwards. all we have is good conversation and a look at the tea leaves. lisa is going to talk about jobless claims and all the rest of it, but i want to look at the granularity. is a pandemic ago stock, and there is the reality which i believe you mentioned yesterday. i can't remember which property you mentioned it on. you know what? retail is really struggling. jonathan: this is the story. a stock like macy's has done pretty well over the past week, but that is the difference between the ketchup trade -- the catch-up trade and a durable trade. i think that is the story for hours.t couple of we got to get through the next couple of months. tom: i mean, it is a comedy. but this is not funny. in south australia, you can now not walk your dog because of pandemic fears. talk ofes of the macro the bloomberg new economy forum an

alongside tom keene and lisa abramowicz, i'm jonathan ferro. londonup, brian klaas, university professor. we are up seven on the s&p 500, we advance a little more than 1%. .his is bloomberg ritika: withritika: the first word news, i'm ritika gupta. the presidential campaign is now in its final full day. polls show democrat joe biden leading president trump nationally and in battleground states. still, some of those estates were made extra blue close. both candidates -- some of those states remain extremely close. with candidates will campaign today in pennsylvania. president trump suggesting he may fire dr. anthony fauci after the election. over the weekend, found she said -- over the weekend, fauci said the u.s. is "in for a world of hurt" with the virus this winter. economists said the federal reserve won't increase the page of asset purchases -- the pace of asset purchases this year or next. most economists say it would not meaningfully boost the u.s. economy. fed policymakers meet wednesday and thursday. briggs and negotiators are moving cl

alongside tom keene and lisa abramowicz, i'm jonathan ferro. with equity futures advancing a little bit, we start this morning's program with just a little bit of good news. tom: we will get to that in a moment. , futures to make clear were up, and then lifted nicely at the pfizer announcement, 1.11, up 12. we are near dow 30,000. to me, the clarion idea is that the vix is peeling away the fear , the volatility that is out there come up with a vix at 22.01. jonathan: wejonathan: have been doing that since the election, and the move got a big boost of the pfizer news from last week. the final efficacy rating, and the number is decent. lisa: 95%, better than the initial read last week of 90%. --s is the mark on brands this is the more comprehensive data. of over 65, so preventing illness. an incredibly good display here. the interesting thing to me is that we are not seeing more of a reaction in markets. it is already baked in, and in fact, you are seeing bond yields a little lower on the day. they are just flirting with this idea that long-term,

lisa abramowicz, we've got to begin with some working news. lisa: moderna vaccine information has come out. rate is what we saw, i higher efficacy rate then pfizer. last week, people were talking about pfizer and how it had to be kept at ultracold to birchers until a couple of days before it was distributed -- ultracold temperatures until a couple of days before it was distributed. this one has a 30 day shelf life at standard refrigeration. this is very promising, and we are seeing a reaction in markets. jonathan: they are the headlines. let's plug them into the financial markets. there is the pop on what irna. equity futures in the united states, on the s&p 500 come on the nasdaq, and on the russell as well. futures, up russell by a little more than 2%. a record high at the close on friday in the russell, and we advance once again. i want to check in on the bond market. yields higher, curve steeper. switch of the board. bonds lower, yields higher, up three basis points on tens. on 30's, we advance three basis points. in the space of one week,

alongside tom keene and lisa abramowicz, i'm jonathan ferro. , equitiesrning positive 0.7%. reported to widely be america's next treasury secretary. tom: bloomberg really out front on this story, talking to jason furman, who was across from chair yellen years ago at the councils of economic advisors. it will be fascinating to see what she does in a very different job. the headline is she has to do with congress and the senate. jonathan: and she is conditioned by the experience of the previous cycle, and i think that is really important. this is about avoiding a premature declaration of victory. chair yellen has lived that, and i'm sure she won't want to make the same mistake twice. tom: i am really focused on the department of defense after the chaos we have seen over the last number of weeks, so that will be an important announcement as well. the backdrop here is maybe the clearing of uncertainty, and look where the markets are moving. , 3600.n: on the s&p 500 64% off the is up march bottom. on a long chart, it is actually a very elegant chart

alongside lisa abramowicz, i'm jonathan ferro. tom keene will be back with us on wednesday. erasing the mornings losses. monday morning, we are faced with vaccine news. some other news as well. we are pushing things forward every monday, it seems. lisa: although it seems like the market didn't respond so much to that news. there seems to be a lot of positivity baked in. so my people who came on this show were saying if there is any pullback, which there were likely be -- which there will .ikely be, buy that dip that seems to be the feeling as we bleed higher towards the end of the year. jonathan: this morning, but they're not out -- this morning, requestplanning to approval for this vaccine. what we have to think about is what would the anchor expectations on the policy side and on the data side. later this week, the chiasm claims, payrolls -- the ism claims, payrolls. do people start to get worried about the near-term future? we hear from secretary mnuchin and chair powell this week. a bit of a gap opening up between the two of th

alongside tom keene and lisa abramowicz, i'm jonathan ferro. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. the state of georgia will conduct a hand recount of ballots for the presidential race. joe biden leads president trump by a slim margin of about 14,000 votes, roughly 5 million that were cast. the trump campaign has alleged there were ride spread -- there were widespread voting irregularities come but has offered no proof. study hasys its accumulated more than 53 infections. that will allow a preliminary analysis of its effectiveness to begin. internet did not predict how long -- moderna did not predict how long it would take an independent committee to analyze the data. oak hill and visors -- oak hill advisors founder spokes with bloomberg's eric schatzker. a biden presidency supported by a fed that continues to be accommodating, i believe that as a goldilocks scenario for the markets. you can see more of that -- ritika: you can see more of that interview starting at 10:00 a.m. new york time here on bloomberg tv

alongside tom keene and lisa abramowicz, i'm jonathan ferro. with equity futures advancing 43 on the s&p 500, the day is finally here. tom: over 1000 days of campaigning, i believe 1195 days of campaigning. i am going to be direct, you do it better in the united kingdom. i just wish the length here with a little bit more u.k. what we've got today, kevin cirilli, our chief washington correspondent, makes clear when he is on after midnight, we are not going to know many of these outcomes. jonathan: we do better because it is shorter and it is cheaper. we hope wednesday morning we have a result. this market fears this could drag out for a long time. sea, wem sea to shining are having a vote occur right now. we see a number of institutions already. how about the bank of america stadium in the carolinas? carolina playing at kansas city this weekend. this is the first of the disciples in west palm beach, florida. it is a beautiful church, ravaged by hurricanes over the years. yet today, there is the peace and calm of voting. i want to make clear that

alongside tom keene and lisa abramowicz, i'm jonathan ferro. equitymorning, with futures going nowhere, but the crosscurrents this morning absolutely phenomenal. where do you want to begin. tom: where do you begin? i've got to go to politics. the shift we saw in washington yesterday about 4:00 p.m.. we don't need to be on this all day. every other network is going to cover it up and sideways come but this this is original actions by a president of the united states, really reminiscent of what we saw in 1876. it is a story our washington team will cover. this election of 2020 continues. jonathan: that tuesday night still continues in some ways. the news of the last 15 minutes is on the vexing front. pfizer -- on the vaccine front. pfizer set to file today for emergency other ration -- emergency authorization use. think that has been the sequence, and each time there is a lesser market reaction. jonathan: i tug-of-war continues. if we think about the tug-of-war right now, the tension is phenomenal. on the one side, the darkening near term outlook

alongside tom keene and lisa abramowicz, i'm jonathan ferro. on this election day in america, this is "bloomberg surveillance ." ritika: with the first word news , i'm ritika gupta. two small new hampshire communities that traditionally vote after midnight have already tallied their ballots. it was a clean sweep for joe in dixville march. in millersville, president trump won 16 of the 21 votes. in vienna, authorities say the peoplewho killed seven national.donian police made a number of rates this morning. in addition to the fidelity's -- , more werelities wounded in the attack. 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 ritika gupta. this is bloomberg. ♪ ♪ pres. trump: this will be the most important election in the history of our country. it is going to set a course. it is going to go one way or another, and if it goes the other way, it is going to be a terrible thing, so get out there and vote. mr. biden: it is time we take back this democr

alongside tom keene and lisa abramowicz, i'm jonathan ferro.our equity market back from all-time highs. record high covid cases meets record high stock market. that is the start contrast of the last couple of weeks. tom: the vix down to a 22 print. you will do a data check better than me. what i would look at is the news flow that is out there, and the clear message i get in every conversation is corporations are adapting and adjusting to a slowing economy knowing there's vaccines are out there. obviously, the celebration yesterday. jonathan: and that is the market celebration, society's celebration about the outlook, not the here and now. president-elect joe biden talking about a dark are to come -- a dark winter to come. saying he bold might be full. just a little bit of pessimism, or at least questioning the euphoria of the last couple of weeks. tom: you see it in the minutia right now. spx and dow have green on the -- have red on the screen. the nasdaq has green on the screen. the real debate is what happens second and third quarter next ye

lisa abramowicz is stepping in for tom keene in new york. great to have you on surveillance this morning. we look at the markets. tomorrow is december 1, so we look at an increase -- a pretty incredible rally that we have seen so far. look at brexit and opec-plus back at the forefront. lisa: it is an agonizing time for people. i do hear that tom keene is still brining his turkey, so we will try to fill in his space as he expresses his culinary abilities. francine: we will get clarification on what he is working on. let's get to the bloomberg first word news in new york city with ritika gupta. ritika: good morning. s&p global is on the verge of a giant deal in the financial information industry. bloomberg has learned that the company is in advanced talks to for $44s markets billion. an agreement could be announced as soon as today. it would be the second biggest deal of the year. president trump's coronavirus taskforces propping -- promising a rapid rollout of the vaccine to 2 million americans i the end of the year. the surgeon general expec

lisa abramowicz and tom keene will be back on monday.the s&p 500, about to deliver another week of gains for the small caps. four straight weeks of gains for the russell on course. the sb 500 -- the s&p 500 on course for a weekly gain of about 2%. we see a bit into the bond market at the long end. flatter curve, down to basis points on the 10 year to 0.86%. $1.1920.ar, that is a stronger euro. the calls are coming in for europe, i think it was barclays looking for 13% upside on the stock 600 and 222 anyone. into -- the -- 600 stoxx 600 into 2021. to pendulum has swung optimism. caroline: it is the rotation trade, isn't it? we have seen japanese stocks do well in this desire to get into ,he cyclical trade, and europe maybe it is finally time to start getting into it. jonathan: the tensioner on the fiscal side that we still have not resolved in europe and the united states as well. it's turned to kevin cirilli, bloomberg chief washington correspondent. the president was asked in the last 24 hours would he leave the said,ng, and he "certain

alongside tom keene and lisa abramowicz, i'm jonathan ferro.e's the price action of this morning. just a little flavor, a sprinkle of what we got yesterday. the underperformance of the nasdaq, the outperformance of the small caps. once again, treasuries just a little bit softer after yesterday's massive selloff, up another couple of basis points on the 10 year to about 0.95%. euro-dollar,on in $1.1809. we have a forum at the ecb later this week that is worth keeping an eye on. tom: let's dispense with the formalities right now and get to david ricks, eli lilly chairman and ceo. i think there's massive confusion over all of these fancy words, particularly around vaccine, around antibody treatment. we conflate bacterial and virus therapies on top of each other. differ fromaccine the antibody treatment you announced yesterday? david: thanks for having me on. exciting news last night with the emergency use authorization in the u.s. for our monoclonal neutralizing antibody, which is a therapy that you are to be given in this approval if you have new

the bloomberg will adjust idea that lisa abramowicz is off today.athan: i am adjusting to the fact you are still in the 70's. i thought it was a little bit earlier than that. tom: jeff showed me the record album and said these guys were great. it was are you speed wagon. .o one knew who they were -- reo speed wagon. jonathan: we will play a song as we go to commercial break. lisa abramowicz is back tomorrow. looking forward to having lisa back. the last couple of days have been tough. you can be off tomorrow, off the day after. tom: i we use my vacation days so i can understand. jonathan: futures up 7%. this is -- futures up .7%. this is bloomberg. former federal prosecutors say attorney general william barr may make president happy with his election probe but they say it is unlikely to change the result. far has set a high threshold of the libraries -- of -- thearities for the pro may undercut support for joe biden. mike pompeo is not acting like a lame-duck secretary of state kerry in a speech at the ronald reagan institute he called the chinese c

alongside tom keene and lisa abramowicz, i'm jonathan ferro.re's the tuesday morning price action. we add to the gains of monday. every monday seems so far to be a vaccine related story, and the story is positive. this is the tuesday morning price action. can't believe this marriage has lasted as long as it has come at. 3600 on the s&p 500. euro-dollar, $1.18 67. who did they move off the show first, tom or me? [laughter] tom: he's going to leave me for some influencer on instagram. lisa: tom, it's the greatest hits this week. you've got kicked the ball hard, and it's tuesday, not monday. tom: we welcome you to this simulcast on bloomberg radio and bloomberg television. i out to be a little sleepier. the vix now under 22. that is a big deal. we've been looking at the pandemic, and we look at it now guise of thanksgiving. on joins us ofth the northwestern university school of medicine. would you fly this week? wasedes: i have to say, i very tempted to wish that i could be somewhere a little warmer than chicago right now, but i think it is really

as you said at the top of the -- lisa "lisa bramlett abramowicz, we are not getting the move in the bondarket. lisa: is actually rolling over. barely any move at all on the 10 year yield. 1.45% and here yield. longer-term growth does not escalate that much. perhaps we return to a new normal but still slower growth with a lot of debt and an overhang from the pandemic. jonathan: in just a moment we will turn to a panel at the new economy forum, and on that panel will be blackstone's steve schwarzman. in the news in the financial times because of the call of business leaders, the financial times reported that sportsmen defended -- that steve schwarzman defended the president's rights to challenge the results and question the results out of pennsylvania and the process through which lookout went through over there several days after the vote. it was an interesting defense of the president at the time when lisa asks the question who has the presidency or, this is a person who has the president's ear. tom: all of the principles in this important article, we speak to. lower in the article was t

alongside tom keene and lisa abramowicz, i'm jonathan ferro.ne hour and 12 minutes away from the opening bell, let's get into the price action very briefly. tidye equity market a rally. on the s&p, we add another 1.4 8%. the selloff in the u.s. dollar as the session grows older, that session gets bigger and bigger. euro-dollar, $1.18 46. that is a stronger euro. will the president join a very lonely postwar club of incoming presidents who did not get that second term, election day? pundits have taken a huge dose of humility. no one wants to call this because the votes are still being counted. this market is making its move in a big way. tom: the market is voting right now, no question about that. i would point out yet absolute -- point out yen absolutely stunning. it is rare that you see this. we are seeing too much of him. our kevin cirilli joins us now, our chief washington correspondent. we can talk about georgia. i will give you an open call here. what state are you focused on now? kevin: in the short term, let's go through it. at him: 30 c

alongside tom keene and lisa abramowicz, i'm jonathan ferro.ere's the price action this monday morning. we advance the cyclical tilt once again on a monday off the positive vaccine news, this time from astrazeneca and oxford university. you will hear about that more from prime minister boris johnson. euro-dollar $1.19. in the equity market, up 19, collet 20. there's a lift in treasury yields, up about three basis points in about an hour and 30 minutes. we get pmi in the united states. what is it looking at given the downside to prices we've had so far? tom: i'm not a fan of pmi data, but i do take your point that right now, pmi data is important. right now, isaac boltansky with us. you heard the senator from minnesota trying to manage the story forward. , if we were to have meetings of a biden adminstration transitioning, and republicans in the senate, what moves the needle are disaffected republicans. are they out there. isaac: i think that there are undoubtedly republicans who truly believe that the president should avail himself fully of the

alongside tom keene and lisa abramowicz, i'm jonathan ferro.n shaping up as follows. what a trading we get has been for all of us. equity futures up another 25. s&p 500 up 0.7%. the foreign-exchange market, the story of the week. a cyclical appetite returns. that's got to be the story for the week. in the bond market, 97 basis points the new high of the tenure trading range of the last five months or so. -- the 10 year trading range of the last five months or so. this morning, your 10 year at 0.815%. secretary alex azar speaking. we've got to think about the spread between reality and hope. going on to say, enough of the covid vaccine for all u.s. seniors by january. i am not sure if that is the reality or the hope. on twitternt viral the other day with hope p.m.. dr. peter hotez is here to push back on that. can we have hope within the vicinity of january? dr. hotez: we certainly won't have all seniors vaccinated by january. first of all, the trial has to be completed for that pfizer vaccine. there are other vaccines following. the pfizer one

jonathan: alongside tom keene and lisa abramowicz i'm jonathan ferro.g up on the program, barry ritholtz. from london and new york, good morning. we do plan on equity futures after a downside surprise on retail sales. it is a test of the faith in the year ahead with the number set to get worse from here in the u.s. economy. down 27 on the s&p. this is bloomberg. ritika: with the first word news, i am ritika gupta. mark zuckerberg and jack dorsey will be defending themselves before congress. the ceos of facebook and twitter will testify before the senate judiciary committee. the second time in a month will have to answer critics who say their social networks silenced conservatives. senate republicans are trying to push through the president controversial nominee for the federal reserve board of governors. judy shelton. now a third republican has said he opposes the nomination, lamar of tennessee. that means approval could depend on whether all republican senators who support shelton show up for a possible vote. the strongest storm of the hurricane season

alongside tom keene and lisa abramowicz, i'm jonathan ferro. for our audience worldwide, with a beautiful new york city this morning, this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. planks are the ultimate total body exercise. build your upper body with pushups. work your lower body with the aerosquat. the aerotrainer is tested to support over 500 pounds. it inflates and deflates in less than 30 seconds using the electric pump. head to aerotrainer.com now. now it's your turn to lose weight, look great, and be

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. dow 30,000. 2009,were you march 10 of while you were up 16% per year on the dow? spx i believe better as well. there have been reasons along the way to go to cash, and yet here we are with solid double-digit returns across 13 years. jonathan: and some houses got it right. one of those houses, morgan stanley. it was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u.s. economy. it took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. there was nothing easy about going long in early april during lockdown. let's be clear about that. we are going to keep this short with mr. wilkinson -- keep wilsonort to get mr. of morgan stanley, but we are not even seeing the version of those trends, are we? jonathan: not yet. bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of

alongside tom keene and lisa abramowicz, i'm jonathan ferro.rica,esult day in for our audience worldwide, heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance ." ♪ ." ♪ ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save hundreds on your wireless bill. plus, get $300 off when you buy the samsung galaxy note20 ultra 5g. learn more at your local xfinity store today. you're choosing whento get connected to xfinity mobile, to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. that's simple, easy, awesome. visit your local xfinity store today to ask, sho

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. we welcome all of you to an onraordinary friday morning bloomberg radio and bloomberg television. it is jobs day. we will look at the state of this pandemic economy at 8:30. but we will also begin to see substantial count and returns from these key states of georgia and pennsylvania. jonathan: really tight races in places like georgia and nevada, tightening in arizona and pennsylvania. that is the focus for market participants. i would go one step further. also a focus on the senate. a reporter a little while ago said it wouldn't be a blue wave, it would be a blue mist if we got a 50-50 in the senate with a biden white house. that would really change the story. then you've got to reshape the narrative of the past couple of days that have been driving this market. tom: we will get to the data here as we move along. futures, -38. the dollar a little bit weaker. gold up $50 over the last number of days. michael holland scheduled to be with us on the market. i

alongside tom keene and lisa abramowicz, i'm jonathan ferro.ures nicely positive, we've got to bookend of monday the hope with the brutal reality of the covid statistics in america this friday morning. tom: extraordinary to see the market levels after

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz.new york and london, for our audience worldwide, good morning, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. this equity market is flying. it is thursday morning. for many of us, it is tuesday night still. tom: we will get to that in a moment. i think the markets are so importantor

lisa abramowicz is stepping in for tom keene in new york.have you on surveillance this morning. we look at the markets. tomorrow is december 1, so we look at an increase -- a pretty incredible rally that we have seen so far. look at brexit and opec-plus back at the forefront. lisa: it is an agonizing time for people. i do hear that tom keene

alongside tom keene and lisa abramowicz, i'm jonathan ferro.e about 12 minutes away from jobless claims in america. your estimate is about 700,000. we want to get you up to speed on how we are positioned going into that data point. the hope that things will improve into 2021, we've got to grapple with how much things will decelerate in the months to come. market, 0.8544% is your 10 year. stronger dollar today in g10 and against emerging markets. a quiet morning so far. we welcome quiet mornings sometimes. , negative about 0.1%. tom: i thought you weren't there for a second, jon. i am seeing a little bit of an improving take. i want to emphasize this come about when we see microsoft producing headlines like imf, we assume they are not always directly linked into market response. the thinking of the imf is very much in the tank for must be bought the but would. i think what people are trying to grapple with is how much those near-term risks materialize and pull down potential growth in the future, regardless of the vaccine rollout we all hope wil

tom keene and lisa abramowicz taking another day off. we will see them on monday.ity market standing down a barrel. the s&p, the nasdaq, and the russell. the counterintuitive story for many of you hoping we would get that vaccination the big boost in cyclical appetite. this morning, tech leads. on the week it was the small caps come on the session it is tech. the russell basically unchanged. still a defensive posture. yields are lower on the long end. we come down does go basis points on the 10 year 2.85% accurate on 30 year, south of 160. is it technical or fundamentals that are keeping a lid on yields. the fundamentals, the data not great when you look at jobless claims. they are moving in the wrong direction. retail sales last week moving in the wrong direction. fundamentals and they are not pretty. the forward outlook much better. the bond market is not picking up on the sense of that. is it the fundamentals for the technicals? the reason for bidding into the end portends and 30's, is the technicals around the asset purchase program with the idea they expand th

alongside tom keene and lisa abramowicz, i'm jonathan ferro.ning, with futures going nowhere, but the crosscurrents this morning absolutely phenomenal. where do you want to begin. tom: where do you begin? i've got to go to

not know where lisa lisa abramowicz is not with us today. good plan.de tom keene, i am jonathan ferro. not have toom does get through a divorce arlo -- over the holidays. i do not think i could cope through the new year. this is bloomberg. it is said attorney general william barr may make president trump happy with his election fraud probe, but they say it is unlikely to change the results. concern that the probe could undercut public support for joe biden. mike pompeo is not acting like a lame-duck secretary of state. he warns the u.s. is not finished yet and it comes to acting tough on china. in a speech to the ronald reagan institute, he called the chinese communists party a marxist, leninist monster that is antithetical to human freedom. president-elect biden has warned british prime minister boris johnson not to compromise peace in northern ireland while pursuing brexit. the two spoke yesterday. biden reaffirmed his support for the 1998 deal that put an end to the violence in northern ireland. according to a british official, johnson promised that

alongside tom keene and lisa abramowicz, i am stepping away. i am just doing fleets out on twitter. jonathan: how is that going? tom: i am on instagram. i am instagram husband on twitter. jonathan: instagram on twitter? lisa: what is going up -- what is going on? atheyan: up next, james of aberdeen standard investment. this is bloomberg. ritika: if the fda gives the green light the coronavirus vaccine from pfizer could be used in the u.s. next month on high-risk populations. the drugmakers say they will file today for an emergency use authorization. earlier this week they said a file -- a final analysis of clinical trial data showed the shot was 95% effective at preventing the disease. anotherp campaign lost one. a federal judge refused to block georgia from certifying its election result. a hand recount shows joe biden one in georgia by more than 12,000 votes. earlier the judge throughout the -- a trump campaign call the bluff on its own suit in michigan, falsely claiming it had stopped the states about certification. tope is a split between t

. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. thank you for being with us on this simulcast, bloomberg radio, bloomberg television worldwide. tremendous news flow wrapped around the details of a worsening pandemic worldwide, and indeed across this nation. also looking at markets off the faxing news, futures up 10, dow futures up -- the vaccine news, futures up 10, dow futures up. new low on the vix as well. looking at the calendar, everybody is recalibrating. we've got a major house recalibration of the equity markets out moment ago. jonathan: at credit suisse, jonathan golub, they have a forecast year-end on the s&p for the end of 2021 with a 12% upside. the 2021 forecast is designed to answer what the future will look like in the future. he makes the point at the end of this paragraph that the rotation into the cyclicals will largely be behind us, and they stay overweight on tech, also overweight on the financials. that is just a flavor of where credit suisse are at this morning. tom: the conversati

alongside tom keene and lisa abramowicz, i'm jonathan ferro.election coverage on bloomberg tv and radio continues. here's the price action. what a trading range on the s&p 500, up 44 on the s&p. the lows of the session, down 1.26%. in the bond market, yields lower by eight basis points. we take out some of the supply risk in the treasury market. there just isn't a clear path to a massive fiscal package right now. that is the story in the bond market. it is the headline we will repeat over the next several hours. too close to call. maybe that headline will change. the latest from wisconsin, from , saysmocratic party chair the following. "green bay and kenosha results are in. biden is now up in wisconsin by 26,000 votes. biden has one more votes than any presidential candidate in wisconsin history. joe biden just won wisconsin." i should say, that final bit is from the wisconsin, credit party chair. tom: we are trying to be scrupulous about this, but bring you all sources we can across bloomberg. is thendational source associated press, and we th