[laughter] so, when i was at the london school of economics, a professor noticed me as somebody who iste professional. he then became the dean of economics in the university of south pacific in fiji. in tuva, sitting there, wondering how he can find highly qualified professors that are willing to work for very little money. so, brilliant idea. wrote to this bulgarian woman, i got the letter, the invitation to go and teach. i had to literally go to the map and see where fiji was. getting from bulgaria to fiji in 1990 was an adventure. so i am landing in fiji, i handed my passport to the passport control lady, she takes it, types something, looks at me, and says where are you from? bulgaria. she types again, looks at me, says there is no such country. the first bulgarian to go to fiji. now, the professor really liked me. he offered me a job. i still remember, he offered me a job, $16,000 a year. i had no idea of my market value. at that time i was paid $100 a month. but i still did not take the job. why? because it was so far from bulgaria. so i went back. i got a chance to go to mit, to

hopefully because we'll go to allan scared he's a professor of international history of the london school of economics for this now you very grateful for your time this evening allan what thursley what do you make of this trade deal because boris johnson is very positive as you would expect in his press conference juice do you share the same optimism. yes i do on the whole but it's 2000 pages long and nobody's ready yet so we don't know all the fine print or all the details but it does seem as if he's got a good deal from his press conference he seems spiritual to argue the things that he promised essentially delivered so until we see evidence to the contrary i think we must accept that i mean there's nothing i've heard that suggests that he hasn't got a good deal here on do you think business is how do you think businesses in the u.k. will be failing because they've been told look just go on a website and you can find out more about this tale by the way you've got one a week to get yourself ready it doesn't seem to be a business that they've had to have had a year to get themselves ready in a sense o

with us is someone who is truly expert at this at the london school of economics. legend at the university of texas. we are thrilled that he will join us. futures up 10. this is bloomberg. ♪ ritika: this is bloomberg surveillance. coming up later, the senior scholar at the johns hopkins center for health at 6:30 a.m. in new york. this is bloomberg. tom: good morning, "bloomberg surveillance." and we welcome all of you around the world. excitement in europe over a possible solution to brexit. lisa and i looking for a press conference and some images beginning to form at 10 downing street. really unsure on the timing on this. no doubt, getting the comments right will be important. joining us from the london school of economics, there professor of international relations, who is truly expert on the fabric of american democracy with his work at the university of texas. generated twoton pardons for the whiskey rebellion. we have now come to something very different. how does president-elect biden and future presidents adapt to what we have seen from president trump? prof

center for africa at the london school of economics and political science thank you for your time how do you foresee this playing out the president is accusing the former president of working with rebels to stir up a coup obviously people are afraid about violence ahead of the vote is there a real risk in your opinion that things could escalate. well i mean we're not sure about in the scout that there are enough troop levels to keep the potential rebel movements up bay i mean he you come in you start there you've got french troops there you've got troops from russia and basically you know where any potential rebel movements have about actually being kept back and being with with with defense mechanisms so even if any kind of haqqani come on citizens when it expectant it in major disruptions and people can actually go to events in security as has been totally if we look at the wider context you sort of touched on that but how much control does the government actually have in the country versus that of the various armed groups operating there i mean that quite a few in a recent pic fore

is a professor in the european institute at the london school of economics he says the impact of a new deal sonali on the economy would be far reaching that 17. if he ends up with no do it's going to be damaging not just to the british economy but to british influence in the world because it will show that the inability of boris johnson to negotiate what he wants had that trouble he's having with covert and he's in a bad place both in relation to public opinion and to members of his party who are increasingly unhappy about the way he's conducting affairs what it reveals is that on both sides the uncertainty is itself a source of damage however what you can do economically is to separate the covert effect which is a short term but very severe hit to the economy with vaccination is reasonable to assume that moko would effect who gradually dissipate which we now have in the middle of next year as more and more people get vaccinated but they effect sort of a deal or not to deal with the european union will extend over years and that means it's worth looking at the nature of the damage caus

arla owns brands like lurpak butter and commissioned research by the london school of economics, it founded from the eu could face charges of nearly 18%. arla's uk managing director spoke to our global trade correspondent, dharshini david. it's milking time, but even the uk's biggest dairy co—operative has to top up from the eu to satisfy our appetite. it would take many hundreds of millions of pounds of more investment and years, to become fully self—sufficient. and therefore, if we have to pay tariffs on the way in and the product flow is not as good as it is today, then regrettably, because we are a low margin business, we're owned by dairy farmers, we are going to have to pass that onto our customers. from the farm to the fridge, we buy seven times as much fruit and veg from the eu as we sell there. at new covent garden market, they're excited about stock restaurants as lockdown ends, but nervous about what might lie ahead. what they're talking about on the tariffs and on the distribution and covid, it's like the worst melting pot you could ever have. we are so tight on our supply cha

michael moore is a senior visiting fellow at the far as analogy center for africa at the london school of economics and political science he says there are enough troops reinforcements to ensure a safe vote. quite a few recent thick forests you know portions of the country where rebel movements have been high in for quite a number of yes but generally when it comes to political control it's quite clear to citizeness not only gone beyond the civil war state and back there east and a few states apparently gotten a peace deal was signed i mean the country basically disappeared to move on and carry on with civic duties so i mean this election really is going to be like a test in. point where vice you know assistance can actually realize that politics can go on as usual and therefore it's quite essential that you know where the u.n. troops are another really fortunate from south sudan are actually our system to make sure that since how the liberty to go and vote in peace and and in security i think the competing for interest as you know me has to do with you know where to preform and the russians there

you about economic policy, because there is a story in "the washington post," from the london school of economics on the topic of trickle-down you get does economics. -- economics. the tax cuts succeeded in putting more money in the hands of the rich, the top one point sent, but -- 1%, but had no effect on economic growth, although those fluctuated slightly. the effect was indistinguishable from zero as it applies to president reagan and his tax cuts. what do you think of these findings and the efficacy of tax cuts? iest: as far as reagan goes, reject -- i think the reagan tax cuts, i rejected. it is not about giving people their own money back. it is not just about that. it is that the time -- when i was in high school when i wasn't asleep in physics, i remember energycher saying that can never be added or subtracted, it can only be moved around. what reagan wanted to do, he believed the national government had too much power and the individual citizens had too little power. because it was about power away from washington and back to the individual because he was a child of the enlightenment, it

than the u.s., germany, and france and that is a problem that could , as studied by the london school of economicsn investment into the u.k. could drop 37% after brexit. a weaker pound really isn't some evenof brexit panacea, though some have been calling for the currency to be artificially devalued to boost the economy next year. annmarie: quickly, where does this leave the boe? deal lessens the urgency for more emergency stimulus but economists say negative rates will be more likely to the strict lockdown measures continue past easter. members telling bloomberg it could be time for negative rates. a deal,ause we've got negative rates could still be on the table in 2021. annmarie: our thanks to bloomberg u.k. economy recorder -- reporter lizzy burden, who was in dover last week on the scenes of the trucks mounting. wille rally and can use, it last -- continues, will it last? this is bloomberg. ♪ annmarie: welcome back. this is "bloomberg: surveillance ." i'm annmarie: in london. in 2010 was bitcoin less than one cent. breached $28,000 for the first time before pairing the advance. the digital cor

from the london school of economics, seema shah joins us with principal global. her work with her majesty's treasury, with pricewaterhousecoopers, and now at principal. i thought your note was extremely nuanced down to the soft give of 2021. 2021?ill win in seema: i'm sorry, can you repeat the question? tom: that's all right, that's does to me all the time. what does 2021 look like if you are so selective? what will be the winning sector of 2021? seema: it is such an imprint question going into 2021. i know this is probably shocking, we still like mega cap tech. it is not our favorite, but we still think it is really important you have an allocation because we think the magus speed bumps -- the modest speed bumps are not a very smooth one. we also like cyclicals. , within the value space. because of all of the pandemic scarring and all of the problems coming up, the most important thing is just distinguishing between good and bad companies, and that sounds really obvious, but some companies are going to have taken on some horrible debt that at some point will come

guest, professor of international politics at city university and a visiting professor at london school of economics. we are joined from london. thank you for being with us. i want to start with the hacking attack. president trump says no big deal. probably wasn't russia. might have been china. it seems his administration won't be punishing russia and he's happy to hand this mess off to joe biden. >> well, i think president trump has long admired vladimir putin, and i think has admired the kind of powers he exercises at home, and he's been reluctant if at all ever to criticize anything that russia might do. although, it's clear we're not fully sure what the intelligence is at the moment on this particular hack, but we always know president trump has his own personal interests. i think there are some business interests and nuclear program building in the gulf. the reform committee was looking at that. and there's also a kind of broader division among the kind of foreign policy establishment about where are russia is a greater threat to the u.s. and west or china. and i think president trump has alway

. >> reporter: his resumes which include brown, yale, harvard and the london school of economics spurrednt obama to put her in charge of the federal reserve in 2014, keeping watch on the nation's banks, promoting economic stability. >> i'm honored and humbled by the faith that you have placed in me. >> reporter: by the time her four-year term came to a close, however, donald trump was in office. he once said yellen should be ashamed of her work and has openly criticized the fed ever since. >> the federal reserve raised the rates too fast and too soon. >> yellen never blinked. >> obviously the president has a right to comment on the fed, but i would worry that if it continues or intensifies that it could undermine confidence in the fed, and the market's confidence in the fed's judgment. >> reporter: since the 1700s when alexander hamilton served as the first treasury secretary, they have all been male, including trump's man, steven mnuchin who has a deep pedigree in business and has staunchly refused to hand over the president's tax returns. >> i have had no conversations ever with the pr

perspective is professor of international politics at city university and visiting professor at london school of economics. indijit, thank you very much for being with us. so president trump heading back to d.c. to try to disrupt president-elect biden's certification, which is i believe mostly ceremonial. so what's the strategy from the president here? >> well, i think president trump has succeeded, if you like, in creating a very toxic political environment, one in which there are divisions, particularly within the republican party now, which he has really roiled up. and i think he's created a lot of confusion in many people's finds, particularly his voter base, about the election result itself. and i think this kind of construction of chaos and confusion is probably part of a broader strategy to try to overturn by any means which are available to him the election result of november 2020. and it shows really that president trump will stop pretty much at nothing to try to overturn that election result and people around him have been talking about a declaration of martial law. the rerunning of key battlegr

michael moore is a singer visiting fellow at the feroz center for africa at the london school of economics and political science he says there are enough troops reinforcements to ensure a safe. quite a few recent thick forests you know portions of the country where rebel movements have been high in for quite a number of yes but generally when it comes to political control it's quite clear to sit is this not a move gone beyond the civil war stage and back there east and the 50 states currently gunning for peace deal was signed i mean the country basically disappeared to move on and carry on with civic duties so i mean this election really is going to be like a test in. point where buyers you know assistance can actually realize that politics can go on as usual and therefore it's quite essential that you know where the un troops and other really forced me from south sudan are actually our system to make sure that students have the liberty to go and vote in peace and and in security i think the competing for interest as you know me has to do with you know where to preform and the russians the

of the year. let's get more on this from ian back in london he's a professor in the european institute at the london school of economics good to have you with succumbs to back on the program i mean deadlines deadlines deadlines are sort of lost count of how many deadlines have come on god is this really the final possible day. no i think we're in a play that used to be called waiting for go to go to it never quite arrives but what we do know is that the end of this month is a hard deadline because there's a treaty in place to a droll deal between the e.u. and the u.k. which stipulates a transition period and that transition period is written into low cost finishing at the end of the month whether tonight is the deadline or tomorrow or the day after tomorrow is not that certain as to the old way of fudging it to to find a way around these announcements by the european parliament others saying this place is the final final moment but we're very close as you may have heard from our correspondent in london he talked about you know boris johnson's problems not just with cave it but also with bracks it's on his record i mean

the $62 is a low ball estimate and in the fall of 2019, the school institute at the london school of economics published a very good policy brief outlining why the modeling used for social cost of carbon ignores many factors. simply because modelers don't know how to fit them in but we do know they cost a lot of money. these impact fees are way both encouraging people to recycle more and that will, in the net, reduce climate change impacts, which is one of the city's objectives and i encourage you to use this tool. >> to your question, or comment, ms. rafael. >> yes. >> we'll go back to public comment. the public speaker contended this was a carbon fee. >> my understanding was that the public comment is that what is missing from this. >> let's deal with the fee steady or study to study on thi. >> i'm going to ask yack to come back on unless there's something in particular you want to. >> i'd like you to speak o thiss as department head. >> sure. what the controller office asks is for us to do a detailed analysis of the class. that materials that would be needed in order do what is required in

a very wise a scholar from the london school of economics name to stuart varney said if you close thesee don, they are gone. you have destroyed the restaurant business in new york and elsewhere and i agreed. you have to look at it differently. 25% occupancy, is a doable, what's the ventilation look like, are you wearing masks set the table and i think there's a way to do this and even as the hospitalization rate goes up, it's not at the level in new york as it is in some hot zone areas, by the way and it's a very premature step. most important point, stuart, it's large gatherings not restaurants and it's in homes that covid spreads restaurants had been attacked, but they aren't the major source of spread in my opinion its larger gatherings than restaurants especially if precautions are taken. stuart: thank you. we will see you soon. still, more in the vaccine. cvs said they need to hire thousands to administer the vaccine. what you have, ashley? ashley: cbs sent out an sos telling customers indeed they need thousands of workers to handle the expected surge in patients wanting to be vacc

the $62 is a low ball estimate and in the fall of 2019, the school institute at the london school of economicspublished a very good policy brief outlining why the modeling used for social cost of carbon ignores many factors. simply because modelers don't know how to fit them in but we do know they cost a lot of money. these impact fees are way both encouraging people to recycle more and that will, in the net, reduce climate change impacts, which is one of the city's objectives and i encourage you to use this tool. >> to your question, or comment, ms. rafael. >> yes. >> we'll go back to public comment. the public speaker contended this was a carbon fee. >> my understanding was that the public comment is that what is missing from this. >> let's deal with the fee steady or study to study on thi. >> i'm going to ask yack to come back on unless there's something in particular you want to. >> i'd like you to speak o thiss as department head. >> sure. what the controller office asks is for us to do a detailed analysis of the class. that materials that would be needed in order do what is required in s

schools. sadiq khan is clearly putting the economic interests of london to the fore which is quite right, that's as restaurants. to be fair, ithink functioning as restaurants. to be fair, i think the argument was a bit disingenuous. i have to ask you about christmas. we have the five—day relaxation of rules coming up, you mentioned in your last a nswer up, you mentioned in your last answer there, household mixing is how this virus can be passed on. what are your thoughts on that five—day break right now? what are your thoughts on that five-day break right now? it's incredibly difficult. anyone who said we are going to ban christmas, people would just ignore it altogether. what is happening is a five—day lifting of the restrictions, but where sadiq khan was absolutely right, if you do go round and camp in granny and grandpa's house for five days, that will be dreadful. we hope some people will spend some time travelling, sure, if they are round the christmas meal, then perhaps the family should do the cooking and washing up and treating granny and grandpa likea washing up and treating granny and