this is bloomberg. ♪ mark: i am mark crumpton.e democrats are rushing to confirm dozens of president biden's nominees before the years and. if they don't, dozens of defense and foreign policy positions will need to go back to the white house for renomination. chuck schumer is preparing for -- and others, he's negotiating deals to help republicans get what they want in exchange for quick consideration of nominees. president biden and first lady jill visited the world war ii memorial in washington to mark the 80th anniversary of the attack on pearl harbor by japan. also, to honor the late senator bob dole, a veteran of the war who died on sunday. they walked to a wreath at the site which contained a mild sun fire come the state flower of kansas in order of the senator. the outbreak of the omicron variant has led to restrictions being imposed around the globe. france shut down nightclubs for four weeks. new york city called for a private-sector vaccine mandate. south africa's rate of positive tests has jumped, but the cases has not o

mark: i'm mark crumpton with bloomberg first word news. biden is set to outline new steps in the fight against covid. the white house as the president will speak tomorrow and announce what the administration is doing to help communities in need of assistance while osher issuing a strict warning about what the winter would be like for americans who remain to stay unvaccinated. the president will also remind americans to get booster shots when they are eligible. as we heard, bank of america is telling new york employees they can work from home over the holiday weeks if they prefer as wall street navigates a fresh wave of virus outbreaks. it is the latest financial firm to tell employees to stay home over the year amid rising infection rates. citigroup and citadel have issued similar guidance. the head of the united nations is calling for a "impartial and transparent investigation into last year's massive fort explosion in beirut. the august last devastated the lebanese capital, killing at least 216 people and injuring thousands. the explosio

i am mark crumpton. j.p.n chase will require vaccines to enter nine manhattan office buildings, including its headquarters. the mandate starts tomorrow. fun vaccinated employees will be asked to work from home until "alternative solutions are considered." governor kathy hochul says covid-19 hospitalizations across new york state have surged 70% since thanksgiving. the rising infection rate has prodded her to institute an indoor mass mandate for businesses without vaccine. mark meadows's text messages made an appearanc in congress as he refuses to testify about the events of the capitol building. liz cheney read a selection of texts from his phone, including dozens of notes from senders, including president trump's inner circle, donald trump, jr., fox news host and never the congress. the panel voted to recommend the u.s. house hold the last step in criminal content. the recommendation goes to the full house for a vote scheduled for today. stern warnings from u.s. officials suggest a window is closing on nucle

i am jon erlichman and this is bloomberg. ♪ mark: i'm mark crumpton. u.s.ators gave emergency authorization to pfizer's covid-19 pill for people at high risk of severe complications bringing a more convenient treatment option to patients at a critical point in the coronavirus pandemic. the drug is the first at home medication authorized for covid 19. it was shown to reduce hospitalizations by 89% when it was given to high risk unvaccinated patients with three days of symptoms starting. the u.k. vaccine panel has cleared the pfizer covid-19 pill for use in vulnerable young children. the joint committee on vaccination changed its advice to allow at-risk children age five to 11 years old to become eligible for two doses of the pfizer biontech vaccine. only children in a risk group are eligible for vaccination at this stage.

mark: i am a mark crumpton with first word news.ents can go ahead with their holiday celebrations in the u.k.. the announcement came during a televised address from prime minister boris johnson. >> we do not think today there is enough evidence to justify any countermeasures for christmas. we will continue to monitor omicron closely and if the situation deteriorates, we will be ready to take action, if needed. mark: the prime minister admitted the omicron variant is making things "difficult" and says he is not ruling out tighter restrictions after the holiday. president biden will unveil a new measures aimed at fighting a search in the coronavirus pandemic. he will send 500 million free testing kits to american homes. he is also dispatching the military to help out and overwhelmed hospitals. on vaccinator americans will be warmed -- warned of the dangers they face this winter. the announcement comes after the cdc says the omicron variant accounts for the majority of new u.s. cases. the president's economic agenda might not be quite

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. u.s. equities rebounding from friday's selloff. we will discuss whether the volatility has affected retail investors risk appetite. a booming year for dealmaking with volume reaching over $5 trillion. jp morgan's global head of m&a speaks with us. and we will discuss the insurance provider's spac deal and discuss the demand for classic cars with mckeel hagerty. the s&p 500 has come back, up one point 75%. 4598. almost 4600. the u.s. 10-year yield rising after the incredible drop we saw on friday. now it looks like investors are selling the debt. they don't feel the need for their perceived safety of debt. natural gas futures are coming down, although nymex crude is rising. 4% gain after news that the saudi's will start to charge more than three dollars over spot price for their oil, aside that they think demand will

let's go to mark crumpton with the first word news. welcome to the bnn bloomberg news audiences. a bill aimed at punishing china over its treatment of uighur muslims has passed in the senate and is headed to president biden's desk. it would require the homeland security department to create a list of entities that collaborate with the chinese government and the repression of the uighurs, a predominantly muslim ethnic minority, as well as other groups. the winds that hit the great plains hit with a category two hurricane. the national weather center reported costs reached in 90 miles per hour in parts of nebraska. the wind does not even include the intense gusts of the upper 20 deadly tornadoes reported across the region. the system was so ferocious, some forecasters suspect it may have been a derecho, thunderstorms that sweep landscapes with devastating force and normally happen in the summer. this comes five days after an outbreak of devastating tornadoes killed 75 people in kentucky and neighboring states. citigroup has told employees

i'm mark crumpton. this is bloomberg. matt: it is 1 p.m. in new york, 7:00 p.m. in the berlin, 2 a.m. in hong kong. i'm matt miller. here are the top stories we are following from around the world. we will speak to the ceo of harley davidson as shares surge, the motorcycle maker announced its electric motorcycle division, livewire, will combined with a spac to become a publicly traded company. it was a record year for dealmaking, but how long can the m&a bonanza continue? we will ask a cofounder of a boutique investment bank. and we will preview what to expect ahead of the fomc meeting as the fed grapples with prices and investors brace for a hawkish tilt. the s&p 500 down about two thirds of 1%. we are coming off of a record close on friday, now back down to 4682, back down below giving levels and what we saw on bleak friday. the 10 year yield a down as investors reach for the perceived safety of government bonds, trading at 142.41. that's interesting as we head into a meeting where we expect the fed to become more hawkish. the dollar stronger and we see the gre

. ♪ mark: i'm mark crumpton with bloomberg first word news. u.s.ry of congress gina raimondo tells bloomberg that companies who implemented vaccine mandates are having an easier time bringing their employees back to work. >> the companies like united airlines and others that were first out of the gate to implement these mandates, they have seen tremendous success. more people are applying for jobs, more workers feel culpable going back to work. they are actually facing an easier time recruiting folks. people don't want to work if they feel unsafe. mark: secretary ron mondo also pushed president biden's build back better plan. president biden plans to skip the world economic forum, a gathering of world, political, and economic elites. many of his predecessors also chose to not attend. he is sending administration officials to the january meetings in switzerland. past delegations have included senior officials who will work on economic and trade issues. the omicron variant is four times more transmissible in its early stages than delta. a japanese sc

i'm mark crumpton.s is berg. ♪ -- this is bloomberg. ♪ >> welcome to bloomberg markets. >> welcome our bloomberg audience. it here are the top stories we are following for you. the bank of canada keeps its rates unchanged. matt: on -- elevated inflation will lead to tax hikes. we will dig into that decision. in the usa, the labor market remains a weak spot as more people are rethinking their work life balance. the pandemic taking a mental toll on workers and a lot of them quitting their jobs or just lying flat. we will take a deeper look at what pfizer says is the key to fighting the omicron variant. all of that and more coming up. >> we are seeing markets taking a little bit of a breather after yesterday will be sought tacked -- tech stocks marketing. don't let the market full you. it's not a momentum day. half on the s art half on the s&p are positive, -- s and p are positive and have are negative. there's your 10 year back at 1.5. what it's worth, we were waiting for an uneventful day from the bank o

i am mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york.'m matt miller, welcome to " number markets. -- looking to "bloomberg markets". chair jerome powell says price pressures are on the rise. janet yellen discuss what we learned with neil dutta. oil is paring gains and opec kicks off the first day of two days of debate, a planned output increase. we will discuss what we learned that they are and what to expect ahead. the who's chief scientist says the vaccines will likely protect against severe cases of the new omicron variant. we will discuss the commentary that is bringing some calm back to markets. a quick check of what is going on in terms of the numbers. we are in rally mode with the s&p 500 up 1.1%. still not making back what we lost yesterday friday -- yesterday and friday. it looks like the market is better prepared for jerome powell's hawkish tidbit. market shares at 144.94. the u.s. dollar index is unchanged at a relatively high level of 1182. only $.57 to 6675 a barrel -- 66.75 a barrel. something that caught my eye is the turk

i am mark crumpton. this is bloomberg. >> i am greg pennell in for amanda lang. >> i am romaine bostick in for matt miller. we welcome in our bloomberg audience. here are the stories we are following, volatility gripping markets once again, traders taking a more cautious attitude after that fed pivot. we will discuss the outlook for the market. theranos founder elizabeth holmes facing up to 20 years in prison. closing arguments are expected to conclude today. spider-man saved a lot of people, but can he save the theater business? talk right now is how many people will pay to see this thing in the theaters. greg: people are anxious to live in the world despite what we are seeing with the omicron variant, and that is a big thing for investors. a bit of a mixed picture -- picture on wall street. it seems on wednesday we were happy with the tough medicine that jerome powell gave us. we are more worried about inflation than we are about the pandemic or omicron variant. we think the economy can get through thi

i'm mark crumpton. this is bloomberg. ♪ amanda: i'm amanda lang. welcome to bloomberg markets.att: i'm matt miller. we welcome our bloomberg and bnn bloomberg audiences. here are the top stories we are following for you from around the world. stocks slide, treasury's rise, as traders think the u.s. jobs report keeps the fed on track. we will discuss with william rodgers of the federal reserve bank of st. louis. didi is delisting and may be relisting. the decision to abandon the new york stock exchange and go to hong kong, putting pressure on chinese tech companies. and lamborghini's ambitions. we will speak to the ceo, stephan winkelmann, about the path forward of electrification and supply issues hitting the industry. amanda: it may well be some of those warnings, including from apple weighing on sentiment. it is a negative day out there. it is led by the techs in the broader s&p 500, the groups that make up tech are the weakest consumer discretionary. weakness also in financials. that has been a strength in recent weeks. some of the highflying names giving back gains today, 5

. ♪ mark: i'm mark crumpton with bloomberg first word news.st omicron cases in the united states were collected mostly in vaccinated people who experience mild illnesses with only one hospitalization and no deaths reported so far. that is from the centers for disease 75% of the 43 confirmed cases of omicron are in those that are fully vaccinated. a mouse bite is at the center of an investigation into a possible new covid-19 outbreak in taiwan, after a worker at a research institute was confirmed as the island's first local case in more than a month. the health minister said the worker tested positive after being bitten twice by an infected lab mouse but that further investigation is needed to determine whether the bites were the source. president biden has assured the ukrainian president

i'm mark crumpton. this is bloomberg. ♪ >> it is 1 p.m. in new york, 2 a.m. in hong kong.'m matt miller, welcome to " bloomberg markets. here are the top stories you're following for you around the world. the fed decides, full coverage of the fed fomc decision with a special edition of surveillance at 1:30. ahead of the decision we have a look at the global head of strategy research from barclays and potential policy errors out of the central bank with danielle dimartino. first we take a quick check on what's going on in terms of the markets. we have seen drops for most of the session but we are now getting back closer to zero with the s&p down just 2/10 of 1%. the 10 year yield climbing a little bit as investors let go of some of that data. we have seen that yield lower throughout today's session. the dollar index is up at 1/10 of 1%. still, a fairly high level compared to what we have seen recently on the dollar index. nymex crude down to $70 $.64. we have seen a lot of volatility in this today. the fed has one more data point to chew on. that is retail sales. here we se

i'm mark crumpton. this is bloomberg. ♪ amanda: i'm amanda lang. welcome to bloomberg markets.att: i'm matt miller. we welcome both our bloomberg and bnn bloomberg audiences. here are the top stories we are following for you from around the world. uscp is climbing at the fastest rate in nearly 40 years, showing inflation is not slowing down. that puts even more pressure on the fed as its decision comes next week. the ongoing supply chain issues leading to that inflation continue to add to price pressures. we go live to the port of los angeles for the latest with ed ludlow. and hedge funds are said to be entangled in a criminal investigation by the u.s. department of justice into shortselling as it pries into their financial relationship with researchers when setting up their bets. all that and more, coming up. amanda: interesting reaction across stock, slightly mixed picture but overall positive. weakness in energies and financials for the broad s&p 500. leadership from the techs and the subgroups that make up tech. broadcom, costco moving sharply higher after their quarter out

i am mark crumpton with first word news.dc has recommended a coronavirus vaccine by pfizer or moderna over the johnson & johnson shot. president biden warned that unvaccinated americans faced what he called a winter of severe illness and death and asked the u.s. supreme court to allow a federal shot mandate for health workers to take effect. pfizer has asked u.s. regulators to grant full approval for their jab in children between the ages of 12 and 15. british airways has put its flights to hong kong on hold until march. the move comes after hong kong imposed strict quarantine rules that forced air lined workers -- airline workers to stay in a makeshift camp.

. ♪ mark: i'm mark crumpton with bloomberg first word news.arents of a 15-year-old accused of killing four students and wounding seven others at a michigan high school this week are charged with involuntary manslaughter. investigators say the suspects father legally purchased the semiautomatic gun used in the shooting last week. prosecutors claim the parents actions went far beyond negligence because they were the only ones in the position to know where the weapon was and it seems to have been freely available. ethan crumbley open fire inside his high school before surrendering to police. he is being charged as an adult. germany's health minister is as more than 1%, one in 100 people there, are currently affected with the coronavirus baby he is calling on citizens to be vaccinated if they have not already. top officials worn a long battle is ahead against the pandemic with pressures set to increase on intensive care units, even as infections show signs of peaking. a conflict