liu xiantao was a local judge for many years. ♪ for liu, the loyalty dance is a nostalgic memory. >>> liu now hopes to become a professional dancer. as a fst stepoward thatoal sh joined a profeional dce team. ♪hhad onc lt bind. the dam t she sllarbors compl feelings about her past. ♪ ♪ ♪ li feels a large gap between her memories of that time and the reality. >> meanwhile, kunqiang's father has passed away. no mter howld theyay grow,eopleoldn to thei hopes andreams. hi wish was to care for h ther unt the end, no matter w hardt mige. ♪ overen long years he saw it through. ♪ >> and li has achieved her own dreams. she finally became a professional dancer. her group tours all across china performing folk dance. ♪ ♪ >> not everyone can be front and center in the show and liu is literally starting in the back. >> today, countless senior citizens are dancing at public squares. after living through challenging time, regaining some piece of their youth is the goal sought by these forgotten dancers. ♪ ♪ ♪ >> the u.s. house of representatives voted to triple pandemic relief payments. >> the agen

with two black marks already in professor liu's book, tiesen is off to a bad start.ecifically sought them out. they meet with other investors throughout the day. desperate not to lose his one chance at getting an injection of new capital, tiesen intercepts the investor who had specifically wanted to see him. in wuhan, xu's business partner zhang is frustrated with the way the emergency meeting went. at the end of an unsuccessful day of meetings, tiesen is also worried about the future of his company. in the next episode, tiesen and menghua's relationship comes under pressure. and xu jishui struggles with setbacks. frosty nights out there, certainly cold enough for it to snow and some of us could be waking up to a fresh covering of snow in the morning. now, through the early hours, certainly a chance of it in parts of northern scotland, but also northern england through the pennines. south of that, it's just hit—and—miss wintry showers. now, these are the city temperatures in rural spots. early in the morning, it's going to be a good deal colder than that. so, we're w

eric liu produces the report and recommendations. he is the cofounder and ceo of the citizen university and directs the aspen institute's. next we have pete peterson. also a member of this. he is a senior fellow of the davenport institute. in hahrie han who is also a member of the commission. she has that director of the institute. in fact goalie director. and please check out their bio to read more of their work. they are an accomplished group. we are delighted to join them for discussion tonight. i noticed the moment were in right now. this is a unique moment in the american democracy. on the one hand the nation is struggling with deep lyrical polarization in contested election. breaking the records that have been in place for the last century. there has been a remarkable effort by state and local governments to try to adapt this. it really is an interesting dock you position. in my first question to all three of you. what does this moment in time tell us about the current state of our democracy. i will diving first. thank you so m

it's not just democrats like ted liu criticizing the president., here's what senator pat toomey said this morning about some of the pardons. >> some of these other cases, i mean, my goodness, we have tax fraud and bank fraud, witness tampering, obstruction of justice, but because they were close to the president, they got pardoned. this is unfortunately reminiscent of the mark rich pardon by president clinton. it is legal, it is constitutional, but i think it's a misuse of the power. >> that last part there, a misuse of the power. what is your response to that? >> the constitution really doesn't provide many parameters on executive clemency. it's an incredibly broad power. but what we have seen under the course of ordinary presidencies is that presidents have used the pardon power to advance their own policy goals. so, for example, jimmy carter used the pardon power to provide amnesty to those who were accused of evading the draft to send a signal that the nation was healing after the conflict of the vietnam war. in the same way, gerald ford pardo

let's get to john liu.g subject of conversation, the extent to which chinese companies listed in the u.s. disclose the same as u.s. corporate's about their finances, and the extent to which they can be scrutinized. this will not be something immediate, but it could result in big chinese names losing access to u.s. capital markets. john: it could potentially result in companies like alibaba being delisted from the u.s.. right now the legislation would require these companies allow u.s. regulators to look at their audit books, and if they do not do that for three consecutive years, those companies would be delisted. under the current circumstances, none of the chinese companies are allowing the u.s. regulator to do that. potentially, all of the chinese companies listed on american exchanges would be affected. if you look at the reaction in the market today, there is an expectation there will be a resolution found between the u.s. and china. the chinese have expressed a willingness to give concessions to make

francine: thank you so much, liu, our greater china editor. we also have salman ahmed, chief investment strategist at fidelity international. what are the biggest risks to markets in 2021? salman: good morning, francine. the china-u.s. decoupling is a comingy and is slower forward, but the action is clear. from a medium risk, there is one risk we are thinking about a lot, the credibility check to central banks, market central banks, outside easing policy. so we so the ecb commitment to intonue the programs well 2022. we saw something similar from more of which was a bit an outcome-based commitment, but again come a commitment to do a lot of qe going forward. the question in our minds is as inflation comes back from low levels largely, then how will markets respond to this easing policy? we are not there yet, but it is something to watch in 2021. does it: salman, what take for the markets to correct at these levels, or as long as banks stay put, does it not make much of a difference? salman: central bank policy report is critical and is been on

devastated battlefield but according to witnesses an even greater calamity was avoided thanks to professor liu and his comrades. although it went down in history as the tiananmen square massacre the killing happened all over the city also in neighborhoods where students took refuge. shelters rang out for several more days on the streets of beijing. families searched for their loved ones today the figures the still impossible to know several hundreds of thousands died. the next day the 5th of june 1809 tanks patrolled tiananmen square and a lone figure became the symbol of the chinese people's resistance to a dictatorship with blood on its hands. the regime was searching for leaders of the movement as did one teenager says my television. many fled to prove. you shall both had no intention of following. through i was arrested on june 6th 2 days after the massacre. after the way arrested me as i arrived. home on my bicycle . i was halfway there when i saw a mini bus suddenly arriving several men sprang out of it. they're both shallow they ditched my bike. they blindfolded me they ganged to me. th

new mexico governor michelle liu han grisholm as hhs secretary. and by the way, she was on this program the other night. would any of those choses go in addressing these concerns? >> oh, absolutely. there has never been a latino -- actually, that's wrong. the george w. bush's attorney general was a latino. he was on chris cuomo's show last night. but, you know, let's put things into context, though. he was getting asked this question, joe biden, with his vice president-elect the first african american indian woman child of immigrants to be vice president. there is no bigger job than a president can pick other than his vice president, and i think we should as we ask for more, which we should, as we press for more, which we should, and which joe biden admitted, let us also just take a look besides him and see the amazing woman that just shattered glass ceilings. and what he said, his response was exactly right. their group should be pushing. native americans voted for him 97%. and helped deliver. so did latinos. black women were the mvps of this ele

mary liu will be tracking this for you and shouldn't be a major concern, but we will keep a close eye on it. we'll be make your holidays happen... at ross! surprise! ahhh! yes! i love it! you don't have to spend a lot to give a lot to the ones who mean the most. you've got the holidays, and we've got you, with the best bargains ever... ...at ross. yes for less! yep! get the gifts you love... yesss! ... for everyone on your list. you've got the holidays, and we've got you... with all the gift for less. at ross. yes for less! >>> the economic disaster is about to get worse as five more bay area counties, they count down to more restrictions. >> it has been a struggle for many. but they show us that some african american business owners in oakland are drawing on their past experiences as they will head towards that uncertain future. >> tomorrow a lot of businesses will be shut down or highly restrictive. while a lot of black-owned businesses will be hurt by this, they also have that resilience to show you how to survive this crisis. the old mall in oakland hasn't been a retail center for

manus: john liu.n the show, democrats back a bipartisan stimulus package after months of back and forth. we do it every day here on daybreak. europe, not middle east. it comes as the u.s. sees a perhaps some pretty strong headlines to deal with as they are waking up. the deadliest day ever in covid. this is bloomberg. ♪ annmarie: 6:55 in the city of london. this is "daybreak europe." i am annmarie hordern with manus cranny in dubai. for me, this morning is waking up to seeing the u.s. having it deadliest day of covid. at the same time, the s&p 500 hitting yet again another all-time high. divergence. -- locking down are yet again. sometimes it feels like we are taking two steps forward -- i thought that yesterday with the united kingdom getting a vaccine -- and then you take a step back and face the reality. manus: and the reality of it is that stimulus, pelosi stepping back for the first time publicly from the $2.4 trillion jumping off point she has and now coalescing with chuck schumer around $900 bi

. >> thanks, james liu >>> still on deck, how trading cards arebecoming a hot commodity as people lookor alternative investments. that story is up next. >>> today's big number $70.5 billion. that is the total amount of online purchases that are expected to be returned according to research from cbre. that is up 68% from last year. >>> retail traders have increasingly taken an interest in diversified assets. and we're not talking about cryptocurrencies that includes another childhood favorite, sports trading cards and eric shemi has the story. >> they can't go to the game, they can't do anything but watch it on tv and now in the pandemic, it created a focus on it >> reporter: former card collectors are getting back into the game dusting off their old sets and a new generation of modern collectors is emerging looking for quick flips and long term investments >> the big difference between trading cards and, you know, a lot of commodities is the fact that there is a finite amount of supply >> reporter: people are changing the way they price cards, similar to rare art and wine but it is not

. >> reporter: something interesting that daniel liu does, and her partner, christa campos, they fan out and set up mobile testing sites in areas where people may not have access to get tested. among other things, they might not have a car, so they're kris crossi did know chris crossing los angeles. the hospitals are filled up very little or no icu capacity. they've been expanding their e.r. and their icu, fred, to accommodate all of these patients. >> wow. paul, did krista and daniel talk about how vulnerable they feel? are they at all scared given they're in contact with so many trying to more tests? what about their own safety? >> reporter: well, they are scared from the standpoint of clearly they're aware that there is a lot of virus in the air in california right now. but they are very, very good. if you look at them, they're covered from head to toe. sometimes they're wearing masks and face shields. and they think it's their duty. they think it is their way of giving back to the community to get out here and get people to get tested. it's remarkable to hear them selflessly talk

chris liu, unanimously confirmed by the senate as deputy secretary of labor in 2014.ite house cabinet secretary to president obama. he's now advising the biden transition. he's not appearing here in that capacity, i should note. so chris, you have been around. you were around for the obama administration, the obama transition, mcconnell's obstruction in the senate under obama. how do you think of the stakes of these two elections in georgia in terms of what senate control for democrats means versus mcconnell control? >> well, chris, look, i think the senate seats are going to be critically important not just for these confirmations but obviously for the broader policy agenda of president biden. i think it's worth doing some history here. the last time an incoming president faced the senate of another party was back in 1989 with president george h.w. bush. i went back and looked. nine of bush cabinet nominees were confirmed either unanimously or with one no vote. now, there was one person defeated, john tower for a variety of personal reasons. but the second nominee fo

my name is david palumbo liu and i'll be talking a little bit about its benefits, main goals and i'll be heading the event over to astra taylor. the eventsponsored by jackson magazine and haymarket books . books is radical, independent nonprofit book publisher based in chicago. among its many vital authors are angela davis, astra taylor, debt collective, mark hill and tanga taylor. jacobin magazine is a democratic socialist magazine . it's out quarterly in print so please subscribe and support their work . $10 subscription is available to youtube and please press right and subscribe to their channel which willallow the video , this video feeds reach more people. again tonight our speakersare angela davis and astra taylor . davis is the author of several books including women, race and class, our presence obsolete and freedom is a constant struggle. she's the subject of the acclaimed documentary free angela and all political prisoners and is distinguished professor emeritus at the university of california santa cruz . astra taylor's writing and filmmaking are grounded in her work as an

a decade ago if you put one dollar into bitcoin, you would be close to 20 liu dollars right now..ion it is a better version of gold, , easily andferable cheaply stored compared to gold. this has shifted the narrative. fortransactional, transactions on a daily basis, you have to utilize something like -- sorry to toot my own ours--software like which is the best of both worlds. link towas going to this conversation, is store of value the social purpose of bitcoin? there is talk this year in financial markets across all kinds of asset classes about social purpose, esg investing. theou had to defined social value of bitcoin, what is it? antoni: to defend us from macro realities where just this year due to covid, we had trillions of new dollars pumped into the system. there will be a raise year and in the years to come for scarce assets, hard assets, hard currencies. bitcoin fits very nice into this narrative. i would not rule out gold just yet, its ability to persevere is amazing. this is the social purpose to store your value in cheap money and expansive monetary policies. ethereum

matt: thank you for joining us, bloomberg executive editor for greater china, john liu, talking to us the reuters report that ant is being investigated by authorities in china in terms of its equity holdings. up next, boris johnson tightens restrictions for england as the new covid variant surges. ftse futures are down big. this is bloomberg. ♪ >> it is in no hurry with other financial incentives. was my esteemed coanchor, anna edwards. and what will be different between the eu and u.k. from tomorrow. less than 24 hours before the final split from the european union. boris johnson's trade deal has been approved by the u.k. parliament. the prime and signed the agreement after it was rushed through both chambers in a single day as expected. let's get more with her brexit editor. does this mean brexit is over politically? will we not be talking about it next year? >> i suspect we will be talking about it next year. this ends the question of whether britain will leave the european union once and for all since boris johnson won election last year. he has been able to get the deal through p

paul: our greater china executive editor, john liu keeping an eye on the ant story. burst --'s a pride bloomberg subscribers go to customizeand you can settings so you only get news on the industries and assets you care about. let's get to karina mitchell fore-check of first word headlines. boast: japan is barring foreign arrivals as infection never surge in tokyo and virus variance are reported. the government is stopping entry through january with japanese nationals and foreign residents no longer exempt from a 14 day quarantine. the philippines is banning all flights from the u.k. for at least two weeks. the u.k. is set to approve the astrazeneca vaccine. in the u.s., house democrats plan about monday on bigger covid leave checks pushed by president trump, setting up a class -- clash with republicans unhappy with higher spending. speaker nancy pelosi want to debate onto thousand dollar payments republicans blocked last week. the president treated support for the larger checks but declined to know it was the gop that halted payment so far. factory gate prices conti

that was bloomberg's executive editor john liu in beijing with the latest.further developments as this report about the u.s. justice department having these talks about potentially a deferred situation to allow the huawei cfo to return home. we will be discussing the risks of chinese companies being delisted from u.s. exchanges as pressure mounts. brendan joins us later this this hour. is bloomberg. ♪ haidi: the latest on the pandemic. moderna says it's shot has the potential for durable immunity and pfizer has scaled back production targets towards those. show cortez is tracking -- michelle cortez is tracking the developments. walk us through what is happening with moderna. michelle: we are starting to see some longer-term data from moderna's very first advance human trials of the coronavirus vaccine. we are seeing even longer results than what the fda and other regulators have been asking for and they are showing that people who got the vaccine, three months after they got their second dose, they had higher levels of neutralizing antibodies to fight off th

let's remember them and pray for them, their families, detectiveses, liu and ramos.to a fox news alert. a live look inside of the facility where the moderna vaccine is getting ready to be shipped out this morning. this as congress appears to be nearing another stimulus deal. former congressman sean duffy will jump in here to react with the latest in the negotiations next. ♪. presents under the bed. narrow to those whose dogs... also fit under the bed. no, not that one. ok, that one. meaning, you. you're the one we made mywalgreens for. with pickup in as little as 30 minutes. to make saving, shopping, and holiday chaos...easier. introducing mywalgreens. join for 30 minute pickup at walgreens.com and through the woods this holiday season. remember, safe drivers save 40% with allstate. saving is easy when you're in good hands. call a local agent, or 1-800-allstate for a quote today. ♪. >> stick bottle on the line. there you go. will: your shot of morning. internet is loving this man's bizarre way of opening a wine bottle. jedediah: he says stick a bottle inside of a sho

. >> the experience was absolutely traum traumatize, liu humiliating too. were checking what we were doing. it felt really weird. it was the only interaction we had with a flight attendant. the next thing was a supervisor coming and saying we need to leave the plane. cheryl: united is defending their actions, saying their policies mandate everyone two and older is required to wear a mask. and finally, there is this. it's not just baseball cards that rake in millions. hockey legend wayne gretzky's trading card sold for $2.19 million. the mint condition card was from his rookie season with the edmonton oilers, the first hockey card to sell for more than a million. gretzky won four stanley cups during his career, those are some of your headlines from the newsroom. back over to you. maria: cheryl, thank you so much. cheryl, we will keep watching all of that we want to turn to the rolling out of the covid vaccine, the first shipments of pfizer and biontech's covid-19 vaccine arriving at locations this morning. fed ex tweeted this, we've safely made our first del

at the time liu xia. bo had passed. but i told tillerson, you tell the chinese. if they relewis his wife, if they let her get out, i'll stop pressing this particular bill and if they don't, i'll keep pressing it and we'll pass it again because we've already done it. within weeks, china released liu xiabo. by not having media moguls spreading chinese propaganda. very directly, you want to know how people are helped, a second bill called the shame act which if our democratic colleagues want to be tough in china, we could pass right now. what the -- what does it do? it focuses on human rights atrocities. it focuses on over a million uighurs in concentration camps and other religious minorities and the falun gong practitioners who are cappitude and murdered and organs -- and captured and murdered and organs harvested. the chinese communist party engages in another horror. my democratic colleagues like to say on the the question of abortion they are pro-choice. well, the chinese communist government right now is engaging in forced sterilizations and forced abortions.