i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 7:00 p.m.n berlin, and 2:00 a.m. in hong kong. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. awaiting president biden's fed p ick. the decision expected to come imminently. we will discuss what that means and the future of the fed and how that will impact the growing problem of inflation. however, the consumer continues to truck on. retail sales posted their biggest jump since march. we will dive deeper into walmart's disappointing quarter even though they be on the top and bottom line. and we will speak to the founder of carnomaly which lets consumers and dealers buy cars using cryptocurrency, as bitcoin falls by the most since september, hovering around $60,000. let's see what is happening in the markets. the s&p 500 up .6%. 28 points, 4710. back up above that 4700 level. the u.s. 10 year is also coming up. the dollar index up about a quarter percent. nymex crude climbing to 81.26 a barrel. it has been up and down on the da

mark: i'm mark crumpton with bloomberg first word news.te department is urging american citizens to evacuate haiti while commercial flights are still available. cash shortages, gang violence, and political instability have paralyzed large sections of the nation. the problems have escalated since the july some of the murder of the president. xi jinping had delivered the first doctrine on communist party history for the first time in 40 years, giving him the mandate to potentially rule for life. only two others have authored so-called historical resolutions, and both use them to dominate party politics until they died. the u.s. has sanctioned two cambodian defense officials for corruption related to a naval base linked to china. it is the latest move by washington amid continuing concerns about beijing's growing influence on the country. the naval base along the gulf of thailand is a source of tension after reports emerged that beijing signed a secret agreement along its armed forces exclusively use parts of the base. manhattan apartment ren

mark: i'm mark crumpton with bloomberg first word news.nt biden says the united states is ready to be a leader again in the fight against climate change. addressing the u.n. climate summit in glasgow, scotland, the president's statement comes despite the discord in the u.s. concerning his ambitious plan for renewable energy. president biden: we will demonstrate the united states is not only back at the table but hopefully will lead by the power of our example. i know it has not been the case, and that is why my administration is working overtime, to show that our climate commitment is action, not words. mark: mr. bond and acknowledge that the u.s. and other developed nations were largely responsible for climate change and said actions taken this decade will be decisive in preventing future generations from suffering. more than 5 million people around the world have died from the coronavirus less than two years after it was first documented. vaccines have helped slash fatality rates in the latest one million deaths came slower than the prev

. ♪ mark: i'm mark crumpton with bloomberg first word news.nited states has issued a federal rule mandating covid vaccinations or at least weekly testing for workers at companies with 100 or more employees. it's the latest step in president biden's push to use employer mandates to drive up vaccination totals nationally. the new requirement takes effect friday. workers must be fully vaccinated by january 4 or submit to testing. about 80% of u.s. adults have received at least one vaccine dose. if you are unruly and disrupted on a u.s. flight, you may face not only finds but federal criminal charges as well. the federal is referring dozens of investigations into disruptive passengers to the justice department. total reports of unruly passengers have surged to unprecedented levels in 2021. the faa says almost 75% of the cases involve passengers objecting to the federal requirement that they wear masks. a chemical that causes cancer have been found in antiperspirant and uterine body sprays. an independent testing lab is asking the food and drug adm

this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg first word news. democrats are considering a proposal that would suspend the cap on the federal state and local tax deduction for three years and then limit it in 2025 at a threshold higher than $10,000. that is according to new jersey democratic congressman bill pascrell, who is involved in the negotiations. assault deduction is one of several items still under negotiations to connect president biden's economic agenda. the president has launched an assault on methane at the u.n. climate summit in class count. he says reducing emissions of heat trapping gas is one of the most important step that can be taken to curb global warming. president biden: this isn't just something we have to do to protect our environment in the future. it is an enormous opportunity for all of our nations to create jobs and make meeting climate goal a core part of our economic recovery as well. mark: mr. biden tied almost 100 nations have signed a joint u.s. and european union pledge to reduce global methane admissions by 30%

i'm mark crumpton. this is bloomberg. >> chaim amanda lange, welcome to bloomberg markets. >> i'm alix steel. here are the top stories that we are following for you from all around the world. as mark mentioned, kyle rittenhouse was acquitted of all charges. we bring you the latest. plus, europe's reopening stalls as new covid out have some countries imposing markdowns. we discussed the impact this has had on travel. and covid cases are not the only thing that is surging. so our u.s. mortgage rates. climbing as americans struggle to find a place called home. amanda? amanda: some interesting action across stock markets today. we do have the so-called reopening trades under pressure. even as we see that nasdaq 100 shooting into overbought territory, those of the leaders of this market today. you are seeing strong moves for the chip space, but we should note we have seen a turn to the negative here. we had been in positive territory. we are also seeing a flattening of the yield curve after comments from a ke

. ♪ mark: i'm mark crumpton with bloomberg first word news.n chancellor angela merkel is holding talks with regional leaders to agree on tougher restrictions as the nations cases rose by more than 65,000 for the first time. meanwhile, wearing a face mask reduces the risk of giving to by more than half, according to a review of studies reported in the british medical journal. the new delta variant is spreading fast in the u.k. but seems less likely. former u.k. prime mr. tony blair is warning of the risks that a u.s.-china conflict over taiwan poses. he spoke today at the new economy forum in singapore. earlier this week, chinese president xi jinping raised a red lines when he talked about separatist forces in taiwan in a meeting with president biden. the president plans to skip the world economic forum in switzerland. the president will instead send administrations to the swiss the resort. in past years, when a u.s. president has not attended, the delegation has included senior officials that work on economic issues and trade. microsoft says i

i'm mark crumpton. this is bloomberg. ♪ >> it is 1:00 in new york, 7:00 in london, 2:00 in hong kong. caroline hyde. these are some of the top stories we are following from around the world. the outgoing ceo stepped out after getting the position due to family issues. the cryptocurrency market is worth more than $3 trillion. regeneron announcing its antibody drug cut the risk of covid by 18 months. we will be discussing with a professor of epidemiology. first, let's get to the markets. we have been managing to maintain our highs when you look at the s&p 500. the s&p 500 up for an eighth straight day, the longest streak since 2017. up 16 in the last 18 days. yields pushing higher on the u.s. 10 year. the dollar pushes higher on the back of that as well. we are still trying to calibrate what the federal reserve will do. base metals get a lift after the all important infrastructure bill. crypto is now $3 trillion as an overall asset. we are up almost 5% on bitcoin levels. i am looking at what is happening

♪ i'm watching it fall ♪ watch the full story at www.xfinity.com/sing2 mark: i am mark crumpton with k meadows agreed to sit for closed-door questioning by a house committee investigating a january 6 attack at the capitol. meadows is among those instructed by mr. trump's lawyers to defy congressional subpoenas. he has already turned over some records and engaged with the committee through his lawyer, forestalling any potential contempt of congress action. the european union has recorded at least 44 confirmed cases of the omicron variant in 11 countries. all people affected are asymptom atic or showing mild symptoms. oxford says there is no proof that it will defeat the vaccine but the vaccine will struggle against it. the variant could fuel a fresh surge in infections with severe consequences. the united nations says hunger in latin america and the cariha

i'm mark crumpton. this is bloomberg. ♪ matt: it is 1:00 in new york, 7:00 p.m.n berlin, and 2:00 a.m. in hong kong. i'm matt miller. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. we will cover all things in washington as president biden says infrastructure spending will help to ease inflation. he signs the bipartisan bill into law, but what hurdles does the rest of his agenda face, and what can we expect in his meeting with chinese president xi? two former fed presidents tell bloomberg the fed will likely have to raise its target funds rate to keep inflation in check. the bank of canada governor says that central bank is getting closer to raising rates. we will discuss all things monetary policy. and the company building satellites for the likes of nasa and the u.s. defense department is set to go public via a spac. we will discuss the terran orbital deal with marc bell. first, let's take a quick look at what is going on in markets. we see the s&p 500 putting up gains today but now losses. lig

. ♪ mark: i am mark crumpton with bloomberg's first word news. united states and european union are preparing to penalize belarus for orchestrating what they call a hybrid attack at the belarusian-poland mortar. -- border. >> at the beginning of next week, -- against belarus. the united states has prepared sanctions that will go into effect at the beginning of december. mark: belarus has channeled thousands of migrants to the border. u.s. secretary of state anthony blinken said allied nations are prepared to take action in china uses force against taiwan. speaking at a conference today, the secretary would not say whether the biden administration would be prepared to use the u.s. military in such a conflict. china has ramped up military gear taiwan. president xi could be preparing for an invasion in coming years. the biden administration is rushing thousands of johnson & johnson vaccines into combat zones around the world. it was previously only available through government programs. the ptosis will help protect humanitarian and frontline workers

i am mark crumpton, this is bloomberg. ♪ >> welcome to bloomberg markets. welcome each day at this hour. here are the top stories. the biggest shopping spree of the year, consumers add to their carts this cyber monday after waiting in line for hours on black friday. we discussed whether the retail rampage packed as much of a punch as last year. choppers in southern california were in the dark on friday after utilities cut power to avert wildfires. we speak to the ceo of edison to discuss the red flag risks that led to that decision. for people struggling through the airports this weekend, some are trying to find a much easier way to travel. we will speak to flex jet c.o.o. megan wolf on the demand for private jets and the impact of the omicron variant. amanda: we are continuing to watch it bounce back happening here. it is led by names that took a slower friday. tech and consumer discretionary's are in the driver's seat. we are seeing financials positive as the -- players. that is interesting because we have seen financials pricing in, a change in thinking

. ♪ mark: i'm mark crumpton with bloomberg first word news.te house says president biden and xi jinping hold a virtual summit on day. both sides have been looking to dial back tensions after a rough start to the u.s. china relationship mr. biden took office. talks, after tension between the countries have been building over issues including taiwan and restrictions on sales of u.s. technology to china. president biden has tapped robert caleb to run the u.s. food and drug administration. the move puts caleb back at the agency's home in the midst of the still raging pandemic. senator joe manchin immediately opposed the pick over his ties to the pharmaceutical industry. in germany, the four coronavirus wave is hitting with full force and there is no sign a record infections easing anytime soon. daily cases searched fast 50,000 this week or the first time. some hospitals are already overwhelmed with patients. officials say germany needs to ramp up its vaccination campaign. a number of

i am mark crumpton. this is bloomberg. >> it is one pmm new york, 1:00 a.m. and hong kong. i met miller. welcome to bloomberg markets. here the top stories. less than one hour to go before the fomc rate decision. we will bring you full coverage ahead. and, preview the event with staples chief economist with her thoughts on fed tapering and when she expects the rates to it. we will also have an excuse of letter view -- interview with the ceo steeple. lot to go through there. lot of great shows to talk about. first off, a quick check on what is going on in the market. the s&p is down to 1/10 of 1%. 4644. down six points. not a lot of direction. traders will sit on their hands before fed decision because they're not exactly sure what is going to come out in the algorithm. the decision doesn't shine. we have to look at it with human eyes. up just a little bit to 15664. the yield is across the curve. the bloomberg dollar index is unchanged at one 162. down $2.67 a barrel for 81. 23. there are seven caught my eye, and that is the shares of lift. it looks like ridesharing is back

i'm mark crumpton. this is bloomberg. ♪ >> welcome to bloomberg markets, i'm greg bonnell nala.att: here are the top stories that we are following for you from around the world. as a decision on the leadership of the fed approaches, inflation fears rip investors and consumers. u.s. sentiment collapses to a 10-year low. another corporate breakup. johnson and johnson announces it is splitting into two separate companies. many start to rethink their conglomerate structure. u.s. thanksgiving and inflation are set to collide as americans get ready to sit down to a much more expensive meal this year all that and more, coming up. greg: it's incredible because after that scorching hot inflation print from the month of october, concerned that it will get worse before it gets better. here in toronto, we are at a record high. well above where we need to be. i know you are getting back to that territory on wall street as well. like now, bond yields pushing higher. we saw that reaction earlier this week with concerns about inflation. we are told time and again that it will ease but consumers

mark: i'm mark crumpton with bloomberg's first word news. three and a half days of the liberalization -- of deliberations a jury found kyle rittenhouse not lt on all counts. the teenager killed two men and wounded a third last year at a chaotic black lives matter protest. defense lawyers argued rittenhouse acted in self-defense. the 18-year-old was charged with counts ranging from reckless endangerment to intentional homicide and was facing life in prison without parole. president biden's plan to expand the social safety net, address climate change, and rewrite tax policies passed the house of representatives today. the bow comes after months of intraparty squabbling. nancy pelosi urged democrats to pass the legislation. >> today we have the honor of participating in passing legislation for the people to build back better. as i always say, with women, for the children. this occasion were not

i am mark crumpton, this is bloomberg. amanda: welcome to bloomberg markets.elcome to our audiences at this hour. here are the top stories we are following from around the world. goldman sachs ceo warns on what lies ahead for the market is the economy recovers the from the pandemic, we cover his comments from the bluebird new economy form. the reopening as it continues, u.s. housing starts unexpectedly , it disrupts building activity and labor sure to just persist. plus, nissan also struggling with supply chain issues. some good news is reservations are now over open -- are now open for the new electric crossover. if you are a fan of that sort of thing or a stockholder, that is good news. there is more coming up. amanda. amanda: the one bright spot on these markets is moving higher in what is otherwise a down day. really, the headline moves don't really reflect the negativity of the internal. s&p 500, every subgroup down except for consumer discretionary and health care. on consumer discretionary, amazon's 1% move higher may be boosting the group. that comes a