and mark carney is the one who wants to see the central bank digital currency rights to be clear the u.s. dollar in the british pound in the euro are currently digital currencies they they they are already digital currency so they say well do we need a digital currency that's like saying like oh you know it's raining outside is it really raining outside you know yeah it's art it's a digital currency already and they haven't made the intellectual elite yet to understand what bitcoin is all about we're big coin has its own monetary policy built into the protocol that's audited every 10 minutes i mean they're still trying to audit the fed and in america you know paul ryan has been talking about this for decades and they still haven't gotten to the fed and they still have no idea what's in there same thing with every subtle bank they want to quit on itself every 10 minutes right it's like we're watching the walking dead i mean they're the walking dead these guys i mean what is black rock they just repackaged boxes ok wow whoop de do they take an override on this or just ron ca's they've

end of last week a video was released of a conversation between the former bank of england head mark carney and now interviewing people for the council on foreign relations so a very powerful organization in america and larry fink who is the c.e.o. of blackrock the largest asset management firm in the world they have 7 trillion dollars under management so you know larry fink is like an untouchable right like he's probably more powerful than the president and he said to mark carney this clip we look at it is something is real but it still had tested it still it's still has many. we have to go to many markets to see if it's really probably real or it's going to be a variant of that sometime in the future lastly we're running out of time i would just say. how the additional currency has a real impact on the u.s. dollar because having a digital currency makes the need for the u.s. dollar to be less a row of that. the u.s. and so on i'm not certain i'm not talking about for america diary but for international holders of dollar based assets the question i would raise and you know maybe there's a

enter mark carney. he says this market needs to grow 15 times bigger or more in 10 years and he is helping develop it. the hope is that it can help companies get to their net zero goals faster by compensating for emissions that have not been illuminated yet. the criticism is that it's a get out of jail free card for bad actors. need big volume from big companies to drive this forward. mark carney told me the market could be $100 billion to your and needs to happen fast. >> we have formed a group with the leadership of bill winters from standard chartered and ed nazareth who was formerly a commissioner of the fcc, sponsored by the institute for international finance. we have 50 institutions through the value chain for this market from production of these offsets, verification and clearing and the plumbing of financial markets, the buyers aside and companies that actually would buy these offsets. who is using these offsets? we are seeing companies around the world like microsoft, unilever, a huge range of

end of last week a video was released of a conversation between the former bank of england had mark carney now interviewing people for the council on foreign relations so a very powerful organization in america and larry fink who is the c.e.o. of blackrock the largest asset management firm in the world they have 7 trillion dollars under management so you know larry fink is like an untouchable right like he's probably more powerful than the president and he said to mark carney this clip we look at it is something is real but it still untested it still is still has many . we have to go to many markets to see if it's really probably real or if it's going to be a variant of that sometime in the future lastly that we're running out of time i would just say.

end of last week a video was released of a conversation between the former bank of england had mark carney now interviewing people for the council on foreign relations so a very powerful organization in america and larry fink who is the c.e.o. of blackrock the largest asset management firm in the world they have 7 trillion dollars under management so you know larry fink is like an untouchable right like he's probably more powerful than the president and he said to mark carney this clip we look at it is something is real but it's still untested it's still it's still has many. we have to go to many markets to see if it's the probably real or if it's going to be a variant of that sometime in the future lastly that we're running out of time i would just say. how do you a digital currency has a real impact on the u.s. dollar because having a digital currency it makes the need for the u.s. dollar to be less relevant to. the u.s. at the end so and i'm not certain i'm not talking about for americans i'm dying but for international holders of dollar based assets the question i would raise and you k

speaking to the bbc earlier, the former governor of the bank of england mark carney, outlined his concernstion the uk finds itself in. i think it recognised that there are two types of issues around, if there is a rupture in the relationship. the first is very important logistical challenges that come through more checks at ports and the knock—on effects and we are starting to see some of those already. but then there's the more fundamental question of the changing economics of the relationship with europe if there are tariffs in place, if there are other product standards and companies have begun to adjust to those, they have been anticipating some of those. i'll say one thing that is important, is that the financial sector, my colleagues at the bank of england have helped ensure that the financial sector is ready if there is a difficult outcome, it's ready for that outcome and so the financial sector will not make this worse, it will be part of the solution. but undoubtedly, there will be challenges if an agreement is not reached. i'm joined now byjill rutter, senior research fellow at u

speaking to the bbc earlier, the former governor of the bank of england mark carney, outlined his concernstion the uk finds itself in. i think it is recognised that there are two types of issues around if there is a rupture in the relationship. the first is very important logistical challenges that come through more checks at ports and the knock—on effects but then there is the fundamental question of the changing economics of the relationship with europe if there are tariffs in place, if there are other product standards. companies have begun to adjust to those and anticipated some of those. i will say one thing that is important, as the financial sector, my colleagues and the bank of england have helped to ensure that the financial sector is ready for if there is a difficult outcome it is ready for that and so the financial sector will not make this worse, it will be part of the solution but undoubtedly there will be challenges if an agreement is not reached. in other coronavirus news in the uk, community testing programmes are to be rolled out across 67 councils currently under tier 3 r

gold has become, to quote mark carney, and unreliable boyfriend . is it going to go up, down? p, we have mark lazard at 8:30 a.m. in new york. this is bloomberg. ♪ ♪ bloomberg surveillance, good morning, lisa abramowicz and tom keene. , thern in the markets dynamics of foreign exchange, the litmus paper is extraordinary. sometimes you get lucky and we got lucky at bloomberg when one of our founders, tom segundo, turned to paul sweeney and told him to hire smart people on the screen. we did that and we do that and we've done it again. at jp has been wonderful morgan over the years providing foreign exchange strategy and i'm thrilled to say she has joined bloomberg intelligence in charge of the world of the dollar. now she can get it from bloomberg directly. thank you for joining bloomberg intelligence, did you frame up your research for b.i., what is your call on dollar? aubrey: good morning, thanks for the intro. i'm afraid -- i kind of embrace a majority of people. a bearish outlook into 2021. as we saw yesterday there is such a thing -- there isn't such a thing as one-way tra

the recent conversation between the former bank of england governor mark carney and the ceo of blackrockis as a conversation between two bitcoin deniers, one of whom was coming to his senses, and it was larry fink who was pointing out the enormous interest that blackrock had been inkrecensing over its websites that's one demand call effect that's going on. companies are outperforming the market because they're going public with their exposure to bitcoin. at coin shares we've done research showing 4% allocation of bitcoin in the traditional balanced portfolio has interesting performance and benefits we've seen market wizards, as you mentioned, simmons, anderson all becoming interested in this asset class. so, yeah, there is definitely a narrative at the moment whereby this deceived career interest of having bitcoin in your institutional portfolio as a portfolio manager is fast migrate i migrating into a theorist of not having bitcoin in your portfolio. >> you're not going to get fired anymore if you had some bitcoin but you might get fired if you didn't that's a powerful thing. trillions

they were off the table under mark carney, and now they are on the table.in the central bank whether they work are not. london is the biggest fan of them. they tend to punish banks. there is concern that would happen here. i think the bank of angle it would be happy with a trade deal -- i think the bank of england would be happy with a trade deal. if there is a trade deal, there will be a reset. there will be economic uncertainties. with a trade deal, the challenge is that central banks will see how much that will affect the economy. the new round of restrictions, bloomberg economics calling for a recession, double-dip recession. 2021,nk of england for whether they have room to cut rates is one thing, but they will have to communicate making monetary policy easy. anna: thank you very much for joining us, have a good holiday. let's get a bloomberg business flash, the top corporate stories we are covering. china is launching amon utley probe in jack ma's e-commerce giant. forced to scrap its ipo. this marks the formal start of the crackdown. both firms say th

i can tell you that i was up early this morning for a lengthily discussion with my friends, mark carney and others that it's been ongoing as to how to actually address, and i am supportive of the federal reserve's report, and i actually address this issue in a meaningful way. we >> let me just ask, you are defending the letters from investors asking for a climate risk information. they are not getting it, or they wouldn't be asking. i want to know, have you've been getting letters we from people representing over one trillion dollars in investments? have a sent to public letters asking you to shield them from getting climate risk information? >> no, but they've asked me to get good information, good decisions -- >> those who said they don't see climate risk -- we >> what people want is decisions, useful information. >> that's why they sent you letters asking for climate risk information we. i have a bill that will force you to do your job and require companies to disclose information about their climate risks. the sec doesn't have to wait for congress to pass a law. you have the authori