after michael bloomberg, at the same party level, more of a democratic candidate. only gave george soros a bangman, freed was on the cover of more magazines than madonna, so they probably should have asked questions about his business, but no one did. they were just busy. by his promotion, well we know the democratic party won the bankman freed, donated $40 million to democrats, then. he promised another billion dollars in the next election, a billion for one election, because this is democracy, however, a lot of plans were not destined to come true, a financial pyramid. batman began to collapse and also somehow on time immediately after the midterm elections on november 9, an article was published in bloomberg where it was reported that in tx it also trades in taxic cryptocurrency trimmings with low liquidity. they say a chinese competitor, the founder of the baines exchange, chan punjao, but one way or another, and already on november 11, the americans officially begin bankruptcy proceedings to return the investments received by the father from the biden party me

boris johnson says what does michael bloomberg do he moves to smooth things over and calls johnson ahat, my apologies. michael bloomberg obviously is a major globalist and he is signaling that not only does he own major global us-based media outlet but is one of the biggest donors to the democrat party and during the last two election cycles he's talking about how great china is he's apologizing for comments from boris johnson. should corporate america see china differently at this point given what we seen from communist china? should they be stopping funding the expansion of the ccp that wants to overtake the united states as a number one superpower. >> this is a difficult problem for us. clearly, our assumption in the 1990s and early 2000's growing economic links with china deeper and deeper integration between the u.s. and china would not only benefit china and cause it to become more and more liberal the way it's going but also out of a uniformly beneficial effects on the american economy. what is happened instead china has grown dramatically in its economy it is not liberalized.

this was a set up by michael bloomberg.omberg is a billionaire, democrat donor, so a billionaire, got a guy to ask a democrat president, do we think this other right-leaning billionaire is a national security thread? and a democrat president said yeah, let's investigate him. that was a set up, and it st stinks. that was little michael bloomberg right there, that was a direct hit. >> jessica: don't little -- >> jesse: he is little. >> jeanine: little to you, especially. >> jessica: i am very tall, that is true. up next, mike kamala's husband trying to rally a presidential n if biden backs out. ♪ ♪ this week is your chance to try any subway footlong for free. like the subway series menu. just buy any footlong in the app, and get one free. free monsters, free bosses, any footlong for free! this guy loves a great offer. so let's see some hustle! to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'

but they invest in china, which is the worst esg violator of them all. >> speaking of michael bloomberg, he is groflg after boris johnson called the chinese government a coercive autocrisy, bloomberg said those were his thoughts and his thoughts alone. to those of you who were upset and concerned by what the speaker said, you have my apologies. gordon, bloomberg is apologizing not to the chinese people who are protesting to your point but actually to the chinese government. >> yeah. bloomberg says xi gin ping is not a dictate or, talks about it like a democracy. he said he was duly elected. he chairs the pentagon defense board. he couldn't get clearance or keep one if he made those comments to the fbi. it shows bloomberg is one of the most capable in the world but his comments cast down loyalty to the united states. >> why does he have this position at the pentagon? >> biden appointed it to him. he is a big donor. i don't know what's in biden's head, but he shouldn't be at the pentagon at all. >> after those comments should be fired. >> absolutely. >> is the real solution looking at the

millionaire philanthropist michael bloomberg is talking, but island nations in places like the caribbeanlready battered by hurricanes. climate change likely to make those orms even more intense. >> producers of fossil fuels have benefited from extortionate profits at the expense of human civilization. [applause] reporter: the prime minister of barbados is leading efforts to reform international monetary institutions like the world bank and imf to make it easier for developing nations to access cash for climate. >> justice and solidarity. justice isbout fair play and without solidarity,mall countries can't make it. this is a conversation whose time has come. reporter: today, the work of the conference begins in her -- again seen ernest, an army of diplomats and lawyers seeking agreement. this is the conference call. as you walk around this vast convention center, you get an idea of the range of issues under discussion. there are lots of representatives of the fossil yule industry here. there is pressure to have gas designed as a -- gas defined as a green fuel because it is lower in carbon

obviously, not bill gates or jeff bezos or michael bloomberg or jk rowling or david geffen or can someone? >> well thankfully, the self-proclaimed chief twit, god, wait. that's so funny. god, i actually love that so much. elon musk reassured advertisers tweeting, "twitter obviously cannot become a free-for-all hellscape" and "twitter will be forming a content moderation council with widely diverse viewpoints." >> obviously, elon will listen to his council. he's notoriously thick-skinned and, when challenged, only rarely publicly calls someone a pedophile. >> look, if the council doesn't moderate twitter to people's liking, musk needs to appoint a council-council to rule over the council. and if that doesn't work, he can just appoint a council-council-council who's in charge of the council-council. and if that doesn't work, i don't know what to tell ya. >> turning now to media news. anchor on fake news network in a disaster movie news nation, chris cuomo, is deviating from his usually placid demeanor and complaining about his ratings. "cuomo is getting nasty about the ratings and he is sta

obviously not bill gates or jeff bezos or michael bloomberg or j.k.ffen or -- can someone else talk? -well, thankfully, the self-proclaimed "chief twit" -- god. wait. that's so funny. god. i actually love that so much. elon musk reassured advertisers, tweeting... -well, obviously, elon will listen to his council. he is notoriously thick-skinned and, when challenged, only rarely publicly calls someone a pedophile. -look. if the council doesn't moderate twitter to people's liking, musk needs to appoint a council-council to rule over the council. and if that doesn't work, he can just appoint a council-council-council who's in charge of the council-council. and if that doesn't work, i don't know what to tell ya! -turning now to media news. anchor on fake news network in a disaster movie news nation, chris cuomo is deviating from his usually placid demeanor and complaining about his ratings. -i grew out of my cuomosexual phase, even though defending your brother is, like, the cutest thing ever. but there is nothing wrong with having high expectations for y

after michael bloomberg at the same party level, big democratic candidates. only george soros gave.man frit has been on the cover of more magazines than madonna, that is, they probably should have asked questions about his business, but no one did. they were just promoting it, well we know the democratic party won. benkman fried donated $40 million to the democrats, then. he promised another billion dollars in the next election, a billion for one election, because this is winter-cracy, however, a lot of plans were not destined to come true, a financial pyramid. bangman, began to collapse, and also somehow on time immediately after the midterm elections on november 9, an article is published in bloomberg, where it was reported that tx will also be toxic cryptocurrency scraps with low liquidity. they say that fried’s bankman was dropped by a chinese competitor, the founder of the baynes exchange, chang pengjao, but one way or another, and already on november 11, the americans officially begin bankruptcy proceedings to return what they received from biden’s fellow party members do n’t

billionaire philanthropist michael bloomberg isn't talking, but nicola sturgeon is. island nations in places like the caribbean are already battered by hurricanes. climate change is likely to make those storms even more intense. producers of fossil fuels have benefited from extortionate profits at the expense of human civilisation. the prime minister of barbados is leading efforts to reform international financial institutions, like the world bank and the international monetary fund, to make it easierfor developing nations to access cash for climate. justice and solidarity. justice is simply about fair play and solidarity... without solidarity, small countries, small people like me can't make it. i believe that this is a conversation whose time has come. today, the work of the conference begins in earnest, an army of diplomats and lawyers seeking agreements. this is the main conference hall where the leaders speak, and as you walk around this truly vast convention centre, you get an idea of the range of issues under discussion. there are lots of representatives of th

billionaire philanthropist michael bloomberg isn't talking, but nicola sturgeon is.re doing enough yet. island nations in places like the caribbean are already battered by hurricanes. climate change is likely to make those storms even more intense. producers of fossil fuels have benefited from extortionate profits at the expense of human civilisation. the prime minister of barbados is leading efforts to reform international financial institutions, like the world bank and the international monetary fund, to make it easierfor developing nations to access cash for climate. justice and solidarity. justice is simply about fair play and solidarity... without solidarity, small countries, small people like me can't make it. i believe that this is a conversation whose time has come. today, the work of the conference begins in earnest, an army of diplomats and lawyers seeking agreements. this is the main conference hall where the leaders speak, and as you walk around this truly vast convention centre, you get an idea of the range of issues under discussion. there are lots of r

like jeff bezos doesn't run "the washington post" and people who own cnn don't run cnn, and michael bloombergs not sit there running bloomberg television, i think he should appoint an independent board of people who will make the day-to-day decisions. some of the ideas of getting rid of bots, those are good ideas. the bots are responsible for some of the worst algorithmic application. i don't think elon wants to be sitting there making decisions about which tweets should be on in which it should be all. emily: full interview at bloomberg.com, and we would like to know that mike bloomberg is the founder and majority owner of bloomberg lp and the parent company of bloomberg news. reid hoffman, the one and only, is with us next. this is bloomberg. ♪ emily: welcome back to "bloomberg technology." i'm emily chang in san francisco. computers are creating never before seen images in seconds. it is called generative artificial intelligence, and investors are betting big on the future of this technology. reid hoffman is one of them. the linkedin founder sold a collection of his ai art for charity. tha

good roi for him other big donors include michael bloomberg, peter thiel, larry ellison and steven mandell. >> that's the usual suspects, right, in terms of big political spending is there any any sign at any time that eventually there will be a cap on this kind of spending this kind of spending, whatever party you're in, political parties are just billion dollar corporations and people get suspicious, money in politics. peas and carrots is actually apparently what forrest gump said, robert >> look, you're right, brian there are some new actors this cycle. ken griffin, many people see him as the new coke of the republican party in the coke family that used to fund a lot now ken griffin is funding a lot. he's new in terms of the amount he's spending. blankman-fried hasn't been around a lot but on the cap question, until citizen united is revisited by the supreme court, which is very unlikely given that court's makeup right now, there will be no cap on spending by these billionaires >> robert frank, thank you very much >>> now to a different in politics, in phoenix, arizona, where the homele

since michael bloomberg made elizabeth warren mince him out in seconds, people are fearful but votersright free of charge, free of charge to pope the fruit and see candidates one-on-one and see who should be one of 100 senators of 132 million. harris: interesting. coming up a seismic shift. could be big wins for republicans tuesday night. we will still be here. is there music? >> there is now. ♪ ♪ ♪ ♪ ♪ uniquely designed for absorption. get all day, all night relief with zegerid otc. i'm jonathan lawson here to tell you about life insurance through the colonial penn program. if you're age 50 to 85, and looking to buy life insurance on a fixed budget, remember the three ps. the three what? the three ps? what are the three ps? the three ps of life insurance on a fixed budget are price, price, and price. a price you can afford, a price that can't increase, and a price that fits your budget. i'm 54 and was a smoker, but quit. what's my price? you can get coverage for $9.95 a month. i'm 65, retired, and take medications. what's my price? also $9.95 a month. i just turned 80 and i'm on a fi

days making excuses for the ccp, even apologizing for the most muted western criticism, like michael bloomberg, who famously claimed that xi was not a dictator at all and that xi listens to his people. and last week bloomberg apologized to china when former uk prime minister boris johnson called the ccp a coercive auto autocracy, those are bland words if you ask me. how is it that bloomberg who sits on a u.s. government defense advisory board is defending a dictatorship against the true words of an ally? i say this, we feel terrible for the innocent people of china. we don't blame them. look at what they're enduring, bravely protesting the horrific covid lockdowns used to manipulate the population of china. there was an explosion of rage and fury this weekend. how could we ever cooperate and compromise with this type of country? now, we shouldn't be looking for an armed conflict with china. not saying that. but we need to stop fooling ourselves that russia is more dangerous than beijing in any way, shape, or form, it is not. and we need to be realistic about the severe peril that we'll face as

. >> todd: second biggest democratic donor behind george soros, above michael bloomberg, who stated hisse a lot of his funds to support democrats going forward and he bakeman-fried beat him by $11 million, this sam bakeman-fried sent tweets spelling out what happened, bizarre behavior from a bizarre guy. he begged for cash from investors. why, robert, would anyone throw good money after bad at this point to this guy? >> i can't understand that, second only to george soros, sam bankman-fried was number two democratic donor, more than number three and number four place combined, but clearly this is all collapsed into a black hole leaving everyone else holding the bag and wondering what the $38 million that bankman-fried spent on political donations to democrats bought him as everyone else is wondering what happened to my money. >> todd: bizarre story, it will be interesting. this is not good, amazon about to lay off 10,000 employees right before christmas, fed ex furloughing drivers, is this canary in the coal mine telling us we are about to see full pain of this recession? >> it really i

principal at the vocal group, and carly cooperman's partner and ceo and a former senior advisor to michael bloombergillion estate after -- no, i'm going to my sister's apartment in brooklyn for my thanksgiving. the president of the united states is not only seeming to be disconnected when it comes to the economy and what americans are facing on this thanksgiving day, but also to blame inflation and the price of rising turkey costs on vladimir putin. it just further distances him from reality. what say you? >> no question, and happy thanksgiving. the president actually did a good job with the parade, trying to talk about things that most americans can agree to. thinking first responders, talking about our troops, but chief of staff ron klain is so off-base with this thing. americans want to come together over thanksgiving. not fighting with their uncle over talking points. quite frankly, the talking points are wrong. the best thing for the biden campaign is to go back to the basement and hide from the record instead of bringing it up at thanksgiving table. >> look, the midterm elections showed us tha

their days making excuses for the ccp, even apologize for the most muted western criticism, like michael bloomberg, who famously claimed that she was not a dictator at all. and that she listens to his people. then last week, bloomberg apologized to china. one former uk prime minister, boris johnson, called the ccp a coercive attack. see, those are pretty bland words, if you ask me. so how sick is it that bloomberg, who actually sits on a u.s. government, defensed advisory board, is defending a dictatorship against the true words of an ally? now, i've said this before, but we feel terrible for the innocent people of china. we don't blame them. look at what they're enduring right now bravely protesting the horrific covid lockdown's that are just being used to manipulate the population of china. there was an explosion of rage and fury this weekend. >> how can we ever cooperate and compromise with this type of country? now, we shouldn't be looking for an armed conflict with china. i'm not saying that. but we also need to stop fooling ourselves that like russia is more dangerous than beijing in any way

over bussing with joe biden, elizabeth warren, when was on the stage in las vegas, taking down michael bloomberg at various even when the women were winning, it seemed like they were somehow also losing. and so there is a calculation has to be made a that you the juice is worth squeeze, so to speak. bitcoin is worth making that you could a few voters but then also finding a way to do that doesn't make you seem unlikable but also makes you seem commanding. i do also think that with kamala harris, one of the things that plagued presidential campaign was the fact that it always seemed to kind of fall in the details, politically speaking. and that was true with the bussing where biden's policy and harris's policy on, frankly, an issue that was pretty arcane. the electorate in 2020, their positions ended up being somewhat the same. and so harris had this feedback pattern on the campaign where it always like the policy story or the explanation or the details were changing and politically. that's a reason why that was bad for her. but it doesn't explain voters that i would meet who said that they felt

ms ago, it's that clearly was the case because you not only have klaus schwabe., you've got michael bloomberge bl and you've got the blackrock chairman, larry fink, always talking about china. you were just mentioningentioni well, yeah, of course, esg, but they invest in china, whichatoro is the worst esg violator off pn them. >> all right. ichaelspeaking of michael bloom, he's still groveling to china afte the minister boris johnson called the chinese government a coercive autocracy. bloomberg said that johnson's at remarks were his thoughtocs, hi thoughts alone. to those of you who arto te upst and concerned by whataid, y the speaker said, you haveouy my apologies. gordonapolog bloomberg's apologo not to the not not to thele who chinese people who aree protesting, to your point, but actually to the chinese government. yeah, well, bloomberg says of xi jinping is not a dictator. he's talking about china as a democracy. he said he implied in those remarks that xi jinping was duly elected. well, i mean dul, look, this guy chairs the pentagon's defense innovation board. he couldn't get a security

michael bloomberg is speaking at the moment. we've plenty more to come on daybreak: asia. g. shery: markets in mainland china come online in just a half-hour. our coanchor joins us. the rally has gone quite a long way. some key technicals we are looking at. where do we go from here? david: hopefully up. we have come up substantially, that's an understatement. we were talking one $.5 trillion in value added in hong kong and china over the last two weeks. certainly on price, ditto. the hang seng index is a good example. the latest to enter a technical bull market. the pivots people talk about, it's going to take some time. this will not go up in a straight line. there will take time for bigger issues to play out and improve. markets need that change. looking for an entry point. short-term, a couple of things we were watching and moving to overbought levels. particularly for many of these levels, this might mean we are poised for consolidation short-term. this is where we are. it's been substantial so to speak. big items today. china tracks are still showing month and month de

for more, we bring in michael mckee, bloomberg international economics and policy

. >> michael from bloomberg television and radio. earlier, you touted the three-month yield out to 18 months as the yield curve with 100% explanatory power. you said if it is inverted that the fed is going to cut. which means the economy is weak. that curve is only two points away from conversion map. i am wondering what you are so confident you have not over tighten to given rates work with the land. jerome: we do monitor that near-term spread. that is our preferred measure. we think it dominates the ones people look at. which is the choose, stands. it is not inverted. you have to look at why a rate curve is doing what it is doing. it can do it because it it affects -- expects inflation to come down. in this case, if you are in the situation where the markets are pricing i declaim that will affect the four term. we monitor it. you are right. that is what i would say. >> if i can follow-up. you said several meetings ago, the risk of doing too little outweighs doing too much. are you telling us that assessment has changed a little bit

welcome michael mckee's bloomberg -- thanks for being

bloomberg. good morning. dani: thank you, simone foxman in doha. coming up, earnings from europe's biggest discount airline. we will be speaking with ryanair ceo michaeleary. this is bloomberg. ♪ dani: ryanair has lifted its passenger goal. this is happening as europe's biggest discount airline plays down the likely impact of a recession on demand for flights this winter. joining us now is the ceo from ryanair michael o'leary. this is the idea that customers will trade down in a recession. are we seeing signs of that yet? ryan: we are. -- michael: we will be cautious into this winter again. everything looks good. what is unusual is we are going into this recession with full employment. last winter we had omicron, the -- we had covid, the omicron variant. i think we should still be cautious. it is fragile but all signs in the near term are strong. manus: good morning. good to have you physically in the studio. fares are up 7%. on pre-covid levels. you talk about fragility. is there any fragility in fares? or can you still robustly price? michael: i am pleasantly surprised how strong it is. the second quarter air force were up 14 -- airfares were of 40%

michael regan spoke to bloomberg from the climate change summit in egypt. >> we find ourselves in thiswhere many countries are over -- overly reliant on fossil fuels provided by countries like russia at a time where it is inconvenient. we are seeing this unprovoked war with ukraine is causing pain globally.

syndrome now of a boomerang of ceos that we're seeing more of howard schultz came back, steve jobs, michael bloomberganagement reviews from academics, that in general, it's very spotty when these ceos do return. they found that actually -- >> right, right. >> -- for the most part, shareholders returned and the stock value is significantly lower. >> cynthia, real quick, who do you think is the successor i mean, i'm looking at the name, sandy waldman, alan bergman. jimmy at espn. some people talk about tom satches coming back. >> i'm not about to commit career suicide here, by picking i will say, i believe, it will be somebody, once again, internal >> internal. and the final exit, the final exit is a successor, or sale of the whole company? >> oh, good question good question. here's what i will say i think those of us that know bob iger read that two years and thought, yeah, maybe two years maybe not. >> okay. joanne, cynthia, happy thanksgiving, we'll talk to you soon appreciate it. >> you too, andrew thanks >> thank you >>> and novogratz going to talk about and ats. and values are up. we're back afte

. >> michael mckee from bloomberg television and radio. earlier this year, you touted a three month real yield to 18 months as a yield curve with 100% explanatory power. you said, if it is inverted, that means that fed is going to cut, which means the economy is weak. that curve is only two basis points away from inversion now, so i am wondering why you are so confident that you have not over tightened, given the rates with the lag. chairman powell: we monitor the near-term forward spread. that has been our preferred measure. empirically, it dominates what people tend to look at, which is two and 10 and people -- and things like that. you have to look at why the rate curve is doing what it is doing. it expects a cut because it in -- inspect inflation to come down. in a situation where the markets are pricing in significant decline in inflation, that will affect the forward term. you are right. that is what i would say. >> if i could follow-up, you said several meetings ago that the risk of doing too little outweighs the risk of doing too m

joining us now from washington is bloomberg's michael mckee.alk about where we are in this fed cycle. does today mark the end of the catch-up phase. michael: that's good to be a good question. it could trade the problem is you don't know until it -- it could. the problem is you don't know until it's over. the new york fed underlying inflation gauge that suggests underlying inflation began to go down starting in march when the fed first raise rates. so we may be seeing progress coming soon and there is a camp that says we will see inflation fall faster than people expect but then there's the well-known larry summers camp that says inflation is way too high and you'll have to do more than you've done now. alix: we always tune in when you asked the question a depressor because you ask the question afterwards. what do you think your question is can a wind up being. how will you try and corner powell into making a call in december on the terminal rate? michael: a don't suppose he wants to make the gas on who's in a win the world series. let's hope -

. >> and bloomloombergs, michael bloomberg a big contradicter as well.ses. some newcomers to the field, just want divided government. divided government, they think, good for business. also, you can't control -- so much money in this process. nothing that the average person can control, of course, but what you can control is, you've got to vote! >> right. >> some of these tight, tight races. talking to kate. every vote matters here. a lot of dollars at play, but your vote is almost priceless. >> okay. >> results of supreme court decisions. right? citizens united stands and this is the result. >> right e. >> christine romans, thank you. >>> one of today's key senate races is in nevada where the state's voting rules that the race could take days to call. victor blackwell joins us from the voting desk with more. good morning. >> good morning, don. start with the rules and a term you'll hear a lot today. "mirage." some called early leads for one party or another candidate or another a mirage. really it's a process of receiving and counting the votes playing

guy: michael o'leary talking a little earlier to bloomberg. re now on what ryanair means to rest of the sector. european transport analyst has come out on ryanair with a price target of 1680. michael talks a positive story. the question really is, looking forward into next summer, is he right question mark >> it is hard to say so early on given those visibility's that we have the next summer. alex: i can see a situation where this does take place according to what michael said on the situation, covid, ukraine. we have seen -- getting delayed. if we get inbound tourists wanted to fly into europe, we can see -- as possible. alix: the way you are talking, it seems like a lot of things have to go right for michael o'leary's aversion to come true. i am wondering what the stock is -- version two come true. i'm wondering what the stock is priced for? alex: it is well below what i thought we would ever see again pre-covid. you are getting to a level of eps. as we saw in 2026 and 2027. other parts of the sector are even cheaper. it is a more bleak scena

from washington dc, this is bloomberg. ♪ michael: serving in vietnam, a grenade took my ability to seey, i'm a sculptor. my fingers are my eyes. as a veteran, i know the challenges of life can be great. announcer: dav helps veterans like michael get the benefits they've earned. michael: with dav, more veterans can shape their lives into a thing of beauty. my victory is bringing beauty into the world. announcer: support more victories for veterans. go to dav.org. ♪ jonathan: live from washington, here is the price action for you. equities up by 2/10 of 1% on the s&p. the nasdaq today winning street on the s&p. can we continue the rally going into the midterms? year-to-year holding -- your two-year holding onto. the euro dollar holding on. that is the biggest move since march 2020. tom: we have the stock market live getting in front of the inflation report thursday or is about the election today? jonathan: i do not know. consensus view is we get a government. i would go one step further than that, no fresh unfunded spending. the difficulty i have with the consensus around for you around

this is bloomberg. ♪ michael: serving in vietnam, a grenade took my ability to see., i'm a sculptor. my fingers are my eyes. as a veteran, i know the challenges of life can be great. announcer: dav helps veterans like michael get the benefits they've earned. michael: with dav, more veterans can shape their lives into a thing of beauty. my victory is bringing beauty into the world. announcer: support more victories for veterans. go to dav.org. ♪ >> the yields, i mean, triple assets. in my career the ability to buy aaa assets at 7%, the ability to not take a lot of interest rate risk and capture these yields in an environment where volatility is going to be high, you're going to create opportunities across the markets. now you are getting incredible yields in high quality assets. i'm excited about next year and the dynamism this is going to present. alix: that was rick rieder discussing the bounty of opportunities he is finding in fixed income. we are talking about the high-quality names yielding quite a bit. we are about an hour into the u.s. trading session. abigail

bloomberg. keeping you up-to-date with news from around the world, here is the first word. when it comes to its future sources of energy ireland is banking on the wind. prime minister michaeloke to bloomberg at the u.n. climate change summit in egypt. >> we have a great asset. it is wind. wind in ireland is particularly strong. we are in a position by 2030 to have 80% of our electricity generated by wind. ritika: martin also said there needs to be new financial tools to help countries deal with weather disasters. merck has learned the european union is preparing to impose more sanctions on iran over a crackdown on protests. the proposals would target iranian individuals and entities. protests began in september after the death of a young woman who had been detained by police for allegedly breaking islamic dress codes. millions of americans are delivering their verdict today. they will decide whether democrats or republicans have the right ideas to guide u.s. through a possible recession and splits on cultural issues. if republicans regain control of congress or one of the two chambers president biden's agenda would grind to a halt. global news 24 hours a day, on air and on

the ability to do investigations we don't really have that so that's what he's doing >> michael mckee from bloomberg television and radio earlier this year you touted the three-month bill yield out to 18 months as the yield curve with 100% explanatory power, and you said, quote, if it's inverted, that means the fed's going to cut, which means the economy is weak that curve is only two basis points away from inversion now, so i'm wondering why you are so confident that you have not over tightened particularly given that rates work with a lag. >> we do monitor the near-term forward spread, you're right, and that's been our preferred measure. we think, you know, just empirically, it dominates the ones that people tend to look at, which is twos, tens and things like that it's not inverted, and also, you have to look at why things -- you know, why the rate curve is doing what it's doing. it can be doing that because it affects -- it expects cuts or it expects inflation to come down in this case if you're in a situation where the markets are pricing in significant declines in inflation, that's going to af

prime minister michael martin spoke to bloomberg at the u.n. change summit in egypt. >> we have a great asset, and it is wind. wind offshore in ireland is particularly strong, and we are in a position to have 80% of our electricity generated by wind. ritika: martin also said there needs to be new financial tools to help countries deal with weather disasters. in france the utility edf is -- is investigating a reactor that has been halted. edf had to stop a test involving its reactor when steam was released. the reactor was not loaded with new year fuel and no -- and nothing was detected outside the building. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. guy? guy: thank you very much, indeed. bitcoin paring losses after crypto exchange finance announced a deal to buy ftx.com. glen goodman, etoro crypto consultant joins us now. want to make sure i've got my head around this collect -- correctly. we see binance selling

michael mckee. how many times have you estimate question and he says one data point doesn't make a trend? kailey: the answer is countless times. guy: did two data points megatrends? joining us now is bloomberg'sne and only michael mckee. do two data points make a trend? michael: from the economist pointed view, -- point of view, on the one hand, it shows some momentum maybe in the idea of disinflation and the slowing of distant nation but these are two different indicators that indicate two different things. the consumer price index is what you pay for stuff and ppi is what companies charge for stuff. it's different so i will not call it a trend because they both represent the month of tober but it's a start. kailey: if you need back-to-back data points, it comes before the fed decision indecision so could they ship their narrative? michael: i don't think they have to shift very quickly but they are tracking as much of this as they can in terms of pricing. they will have a good idea of where we are going. i think they will not make a major shift anyway and they've already signaled are going down to 50 basis points and they are not at the restrictive level they want to be so they don't have to

alix: bloomberg economics is saying they think the fed is going to blink with the recession. it may not be the case. michael mckee, kriti gupta, always a pleasure. coming up, we will stay with a company that invests in --. elias sabo will join us. this is bloomberg. ♪ what if we wanted to electrify all of this... 100% carbon free... is it possible? ♪♪ aes has been leading energy transitions for decades... and is partnering with the worlds leading companies to decarbonize industries... cities, and nations. even the internet. is it possible? can we reliably power the things we love and green the planet at the same time? yes... aes. alix: a next picture for the u.s. consumer, retail rates rising. target warning shoppers are pulling back. that is the question of the day, good walmart plus better target equals what for the economy? let's ask someone on the ground. elias sabo's ceo of cody. elias: it is a little bit of the next bag. we have seven different consumer businesses that touch a wide arrange of consumer products. we are seeing if you have products that consumers want, their innovative, they might have a

joining us to discuss this is the managing editor for bloomberg news in london. michaelckee, i think the fed should be thankful that everybody else got their inflation expectations wrong as badly as the fed did and everybody has forgotten the word transitory. what do you think the fed should be thankful for? michael: there was an old tv show called the a-team. the line they used to use was i love it when a plan comes together. ever since they got past transitory, the plan has come together because they raised rates significantly more than any time since 1994 and unemployment is barely moving in the inflation rate is slowly starting to come down. you look at the white line, growth, the atlanta fed number for gdp now is at four point 4% and will probably go up a bit on the back of the durable goods information today. everything is good for the fed right now but it may not be that way by december 14. jay powell has be something to be happy about. kailey: is everything starting to come together and move toward a soft landing? >> that is the hope of investors. based on the re

economist at bloomberg news's international economics and policy correspondent michael mckee. want to start with you, because you gave a beautiful set up this morning about simply what we are waiting for from the federal reserve but i'm curious what could move the markets here. what is the game changer for the equity and bond market? michael: i'm not sure there is a game changer in the decision today. it is pretty well priced in. if anything would move the markets it would probably be if jerome powell was perceived as dovish today. if he opened the door at 50 basis points and mark is felt there was a better chance of that than 75 then you probably would see a positive market reaction but i do not think he wants to do that. he will try to use strategic ambiguity to try to keep markets guessing and say it is all data-dependent. kriti: anna, hop on in here. i want to make it clear to our audience that anna was way ahead of what is now priced into the market as the base case, the 5% terminal rate of get marginal 2023. anna wong predicted months ago, was a contrarian on that front.

bloomberg. good morning. ♪ michael: serving in vietnam, a grenade took my ability to see.a sculptor. my fingers are my eyes. as a veteran, i know the challenges of life can be great. announcer: dav helps veterans like michael get the benefits they've earned. michael: with dav, more veterans can shape their lives into a thing of beauty. my victory is bringing beauty into the world. announcer: support more victories for veterans. go to dav.org. ♪ jonathan: the countdown to the open starts right now. >> every the you need to get set for the start of u.s. trading, this is bloomberg the open with jonathan ferro. jonathan: live from new york, we begin with the big issue. here come the cuts. >> it's been this disconnect. >> that has not translated into a growth phase. >> there is near

michael wolf. mtv, consultant of old, we get his insights. this is bloombergany people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. >> this is the first of many cuts we are going to see not only for these companies, but companies written large. we have seen over hiring, over inventorying, over ordering and that all has to get romney out. these companies are starting to take action and that is a positive. caroline: you were just hearing from mike wilson, morgan stanley strategist, about the current landscape of tech layoffs. let's dig in a little more. plus, much other topics with michael wolf. management consulted, coo a

michael mckee and brendan case, we think you as always. time for bloomberg's first word news with mark crumpton. mark: thank you. the leaders of nato and poland saying there is no indication a missile that struck polish territory was an intentional russian attack. nato says it is likely the explosion was caused by a wreck to ukrainian air defense missile fired against russian cruise missiles. >> this is not ukraine's fault. russia bears ultimate responsibility as it continues its illegal war against ukraine. mark: that explosion killed two people in a village a few miles from the border with ukraine. donald trump says in order to make america great and glorious again he is going to make his third run for the white house. the former president made it official tuesday night at an event at his mar-a-lago resort in florida. meanwhile, stephen schwarzman, the billionaire chairman of blackstone, tells axios it is time for republicans to turn to a new generation of leaders and he will not be supporting the former president this time. after years of delays and billion