mike bloomberg, the founder of bloomberg lp, is now speaking alongside the imf managing cfo.tor and the alphabet mike: in china, i think they do require a lot of people to take a vaccine. we have a very different system in america, and i can only speak to that. i think the ways you get people to do it is slowly have people take it and show that they are living longer, have fewer cases , and it didn't hurt them at all. you have to do it by example, and slowly over time, each day, a few more people will take it. you will get to the point where vaxxers aren't going to take it, and they will suffer. it defies explanation why somebody walks away from all of the medicine and all of the science, but we would you -- but you will get a vast majority of the people as long as you do it slowly and we don't have leaders who are out there speaking falsehoods and trying to excite people to do stupid things. ian: the other piece of this goes squarely to the tech sector and ruth. because at least on the vaccines, we are going to see the democratic and republican parties all saying this is a good idea, l

and mike bloomberg is a hundred million dollars poorer. >> a hundred million dollars dagen, i know weof many, many places where that money could really make a difference like alzheimer's research or cancer research. it is just incredible how much money and energy mike bloomberg has put into these races. >> his own race too. remember him trying to get the democratic nomination. but then this -- i was arguing with somebody last night on the phone about it. and i said but in a pandemic, in a period of american history when so many people are suffering financially that was the begs way for you to spend 100 million dollars? it is a tire fire. if you will -- >> just yeah joseph your reaction to all of this this morning we're waiting on all of these major battleground states. we'll see if we get answers today. and as you know, we're not gong to get pennsylvania until at least friday. possibly the weekend. >> i think we have to look for the backtracking that starts to occur not just from the democrats but also from people in charge of doing counting so, obviously, the secretary of state, mich

you know, there's a lot of gnashing of the teeth, whether mike bloomberg essentially did all he couldrida to turn this into a blue state. you know, it's one thing to spend money and another to spend it wisely. that will be the story tomorrow if, i think, if florida goes to trump, particularly if the election goes to trump. if donald trump somehow pulls this out by winning florida and winning georgia, you know, if you think about it, he's got an uphill battle. he has to win florida, he's got to win georgia, got to win north carolina, has to. probably has to win arizona. if you do all that, then maybe he might win. if he can nail pennsylvania because michigan and wisconsin look to be out of reach. that shows you how tough it is. but he did turn things around recently. we are hearing that polls are getting tighter in those states. again, can't tell if this is tightening that just happens naturally or if this is a real movement like it happened in 2016 at the last minute towards trump, away from hillary clinton. but clearly, that's going on. if he does pull out florida, liz, i will tell y

that is why kamala harris crashed in the primaries, that's why mike bloomberg spent a billion dollarsnd got zero delegates, couldn't affect the vote in florida or ohio and spent over hundred million dollars. what was that agenda? what were people saying, laura? they were saying, you know what, we don't want open borders driving down american wages, we don't care about the wto and the w.h.o. and bun, we are going to honor the constitution first, and we don't think giving to make them democra democraticd partnered world citizen, not going to happen. we are not going to deindustrialize the middle west, there's no reason to do that. we want to save this trillion dollar energy sector. it's given us all this freedom in the middle east. it's given us jobs. and you know, you don't have to reset anything. we were talking nine months ago, laura, i had never seen an economy in my hometown where employers were begging for lab labor. labor had leverage over employers. donald trump had recalibrated the republican party away from the character of a bunch of wealthy golfers into a middle-class, worke

if you're mike bloomberg you spent a billion, don't win. money not well spent.stuart: next one is alexandria ocasio-cortez, frustrated with latino voter turnout. lauren, what did she say? lauren: she went to twitter and she wrote this i won't comment much on tonight's results as they are evolving and ongoing but i will say we've been sounding the alarm about dem vulnerabilities with latinos for a long time. there is a strategy and path but the necessary effort simply has not been put in. low democratic turnout from latinos yesterday. pew research says they are the largest minority in the electorate. look, the reality is, it is a big reason why trump took texas where there are many hispanics and biden underperformed hillary clinton in 2016 in key counties like miami-dade, florida. when i heard about that result last night. i was shocked. that is where many voters fled the socialist south american, central american regimes. they didn't buy the biden-harris message. trump courted constantly and actively latinos and black voters. for latinos so far it has worked. st

mike bloomberg spent a billion dollars earlier this year on his own presidential campaign.handful of democratic primary delegates in american samoa. but his enthusiasm was apparently undimmed. later in the year he announced he was spending another $100 million to help defeat president trump in florida as well as more money in other states. but all that money went the same way as the first billion. at this rate, he'll have exhausted his personal fortune in about 20 years or so. then there was all that money that rich democrats coughed up to help jamie harrison in south carolina. the democrat raised more money than any candidate in senate history, over $100 million. much of it from hollywood moguls and hedge fund billionaires in new york. it didn't turn out to be much of an investment. senator graham won his race by more than 10 points. of course, there was the money spent to try to pass proposition 16 in california. now, this was the attempt to change california state law to permit racial discrimination in college applications and state job hiring. supporters outraised their

that's another one in favor of the republicans then there's the billionaires some of them like mike bloomberg alongside some celebrities have been paying off fines for felons to allow them to vote but only for joe biden so that's the winning point to the democrats and while bloomberg said its campaign is strictly in the name of democracy his advisors see things more through the paradigm of real polity mike wanted to get this done for 2 reasons one because it's the right thing to do for the democracy and 2 because it immediately activates tens of thousands of voters who are predisposed to vote for joe biden the closer this vote approaches the more the question arises is there anyone who hasn't yet interfered in this election. rescuers in turkey are continuing to search for survivors from friday's earthquake which have so far claimed the life of about 39 people this is izmir province in the west of the country were numerous buildings collapsed injuring more than 800 people the shock waves impacted nearby greek islands as well including some us where 2 teenagers were. killed by falling rubble wh

specific voters i will be calling on the florida attorney general to launch an investigation into mike bloomberg. potentially engaging in bribery and vote buying in the state of florida bloomberg raised over $16000000.02 pay the legal fees of nearly $32000.00 black and hispanic felons in florida the democrats know how important a swing state is but so did the republicans at a recent florida rally trump demanded votes from the residents of the nearby island of puerto rico i'm not going to say the best but i'm just about the best thing that ever happened to puerto rico you better vote for you but unfortunately for trump he clearly didn't know they can't vote the caribbean island still has the political rights of what many consider to be a 1900 centuries calling puerto rico's 3200000 u.s. citizens aren't the only ones who can vote for the country's president american samoa the northern mariana islands and u.s. virgin islands are also vote lists u.s. territories even many people who live on the mainland have the right to vote but faced serious obstacles something human rights groups are calling a mo

bloomberg's mike mckee joining us now with the details of that. michael: at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate the housing market. does it drop off know that we moved into the fall with more cases, because more people are losing their jobs? we did see an unexpected big rise in the initial jobless claims this past week. 742,000, which is a lot higher 711,000 that we recorded in the week prior. we are also seeing the total number of people on jobless benefits is still at a very high level over 20 million. doesn't quite match up at the payrolls report, but it does show you there are a lot of people out of work. we also had the philly fed numbers out this morning, 26 point three, down from 32.3. still expanding, but at a slower pace. we are starting to see the impact on the economy of this rising covid outbreak. alix: you just talk

it there.ll leave mike mcglone of bloomberg intelligence, we are going to remember that. mike back maybe when that happens. what are we going to talk about next? it has been a big week for equities, a really big week for european equities. huge outperformance coming through. the dax up by 8.25%. in euro terms, a nasdaq that is certainly up by 6.5%. terms, big outperformance from europe. coming up, nick nelson, ubs head of global equity strategy. constance hunter of kpmg's joining us as well. we will be breaking down the fed and that payroll number. alix: the presidential race, where it stands, democratic candidate joe biden taking the lead now in pennsylvania, putting him on the cusp of victory. 264-214 is where we count for ap, the votes we follow. this is bloomberg. ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and

doesn't trouble mike bloomberg or anybody else but they want americans to take a serious hair cut on the energy side, pay more for gas and/or give up your car entirely. hey, i have a question though. is there a single one of these billionaires that will give up their private jet? i doubt it. >> laura: speaking of people at the top, hillary clinton is on board for the great reset. >> it's time to look at what to make capitalism markets operations work much more effectively and frankly equally. begin to move away from the shareholder centric approach by shifting the incentives and assumptions that have grown into the system the last 50 years. >> laura: michael, what does she mean by shifting incentives? what is she getting at? >> i find it odd that somebody like hillary clinton that starts out as a low-level staffer around democratic campaigns and ends up partner of a law firm, which is a real job, but it's not clear she was there for any other reason that her husband was the governor. and then first lady. you know, senate, secretary of state. never worked in industry in her life. some

through toat trickle mike bloomberg dollar traders. >> we need to stop donald trump from going to his golf games. it is unfortunate. . think with every delay it is not about biden or trump anymore. it is about getting numbers down in u.s. and getting u.s. growth on a stable path. concernsincreasing that growth recovery in the fourth quarter may falter as .his transition gets delayed trust background we can [indiscernible] and the fact that they are still there pumping liquidity into financial markets. it stabilizes the economy. debt drives the dollar further down. that will not change. the fed, the pump in the liquidity still continues to drive dollars lower and that is our base case heading into the first quarter of next year. sheet: let me get andrew into the conversation in terms of comments he has made in a new research report to clients. he is one of the key voices at morgan stanley and he writes this global recovery is sustainable. supported by policy. keep the faith. trust the recovery. to go onelling clients more aggressive into u.s. equities at this point on that basis? hope

very , and a veryeps important mike bloomberg initiative is the proof of that.overnments are committed to move forward, and i believe the extraordinary dynamic of the american society will allow us to reach net zero emissions by 2050. francine: how worried are you has the largest u.n. donor still refused to concede the election? thatio: well, i think problem will probably be solved soon. wedo not need to fear that do not need to interfere with anyelection process in country. francine: antonio guterres speaking with us at the bloomberg new economy forum. coming up, the global economy pandemic --onavirus when will it easy ech? this is bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i'm francine lacqua, here in london. the global economy recover from 2020's coronavirus related session? year aheadeased its outlook. the wealth manager says its base case scenario is for economic output and corporate earnings to boost rebound between -- two pre-pandemic levels during 2021. , one get to mark haefele of the authors of this report. g

joining me now is john mclaughlin, trump 2020 posterior and former advisor to bill clinton and mike bloomberg. we are in the final stretch. the polls are tightening in the battlegrounds just like they did in 2016. what are the paths to a surprise victory, a come-from-behind victory if that's what it is for president trump. >> absolutely, you can see the tightening polls. there is 197 electoral votes rated right now. four years ago it was 171. so for those of us who trump campaign where we went through this four years ago are we advocating that the president, then candidate donald trump worked as hard as he did to win the turnout, he's doing that right now. almost a hundred million votes have been cast and a lot of that early vote in places like texas, florida, north carolina, it's coming our way and what's going to happen now is if we win the terminate on tuesday, if we get our vote out we can win this once again. you can see joe biden trying to follow the president around. he's going to michigan. i bet the be a silver alert on i-95 as joe biden goes from delaware to pennsylvania to try to ca

we saw in particular states will be nothing compared to billion dollars that are come in from mike bloombergthers and seen people diverse as andrew and columnst like tom friedman say violate the law and move into georgia. and then stay there temporarily register and then get out basically that was their implication which is a felony everything hangs in balance now no margin for error, an if we think that georgia is a traditional red state anymore, it has had enormous changes in demography through illegal and legal immigration, and it's tech center the suburban 6 million of the 12 million people. and if question lose those two seats, i -- i don't think we'll you and i have never seen anything like the consequences in our lifetime. we're talking about structural changes to the constitution as we know it and to traditions and protocols of governess for over a century and a half. >> we'll be right back. >> live from america news headquarterses i'm jon scott for at least the next three weeks the san francisco 49ers are a team without a home. as the coronavirus continues to surge across the countr

saw in particular states will be nothing compared to the billion dollars that will come in from mike bloombergers we've already seen people with andrew yang and tom friedman, columnist from new york times, violate the law and move into georgia and stay there temporarily register and then get out basically. that was the indication which is a felony. what i'm getting at is everything hangs in the balance now and there's no margin for error and if we think georgia is a traditional red state anymore it's had enormous changes in democracy through a legal and illegal immigration and it is tech center and the suburban metropolis of atlanta and that's 6 million of the 12 million people and if we lose those two seeds i don't thank you and i have ever seen anything like the consequences in our lifetime. were talking about structural changes to the constitution as we know it and to the traditions and protocols of governments for over one century and half. mark: we'll be right back. look at this human trying to get in shape. you know what he will get? muscle pain. give up, the couch is calling. i say, it'

andrew: mike bloomberg recently made a big donation to some of the black colleges on the medical side to create more doctors in large part because he argues that they will actually stay in the community, which i think is a remarkably important thing. let me ask you about pipelines. the reason i am connecting pipeline to education is one of the things you often hear, especially at the most senior levels but also at junior levels, people say, there's no pipeline. they don't exist. we can't find these people who should be on the boards or should be at these levels. you know the story. do you believe it? ursula: i know the story, andrew. let me make it easy for you. i will say the answer before you ask. i love the story. this is the story. we have a playing field that i designed, this white man designed. we have a set of referees that are the white guys. we have the rules that the white guys wrote. we have all of the judgment in the long term that is done by this group of people, and then you say, you, robert, ursula, michael, you have to play on that field, and we will judge whether or n

the very first school we started was in brookland -- was in brooklyn and when mike bloomberg was theretom: is set up executives in a very changed world from the service sector of mcdonald's to the technical cloud challenges of international business machines and over to the efforts in finance. the challenges of the pandemic. that is our new economy forum and we thank you for staying through that. we have much more coming up through the morning. part of it is the lift in the market off the vaccine news from moderna. , now up onlyints 430. still 1.5% move. much more coming up. jonathan ferro drives for the conversation on tv. paul sweeney drives forward the conversation on radio. i do not know who i am joining. my joining jon ferro or paul sweeney? lisa: both. tom: a gloomy day in london. this is bloomberg. ♪ ♪ jonathan: from new york and london for our audience worldwide, good morning, good morning. the countdown to the opening bell starts right now. equity futures advancing. the rotation is back and that is where we begin with the big issue. vaccine optimism paving the way for record h

on top of that, the data wizards around mike bloomberg weighed in and said, we see it, too.t is 57 not going to it's not going to be easy. with some money and some time, you might be able to get this done. bloomberg it's been reported, bloomberg poured in millions of dollars into the state in the closing week or ten days. i still think it's going to be tough for joe biden to win that state. but, man, i think it's going to be a lot closer than anybody thought it was going to be a couple weeks ago. if you look at the situation in iowa where almost certainly trump is going to win. the smallest people will say is two or three points. to win by nine, that similar thing will happen in ohio. the question is whether he can eke it across the finish line. that's how close it's going to be there. >> john heilman, thank you for joining us on our final night of campaign coverage and joining us throughout the campaign. really appreciate it. >> we'll see you later, lawrence. >> thank you. up next, judges in texas have repeatedly refused to throw out 127 ballots that republicans are trying

the data convincing mike bloomberg to fund a last mind ad spending blitz in the state on behalf of joeiden are. joining me now from lorain, ohio is josh lederman. good to have you with us. so ohio suddenly competitive for the biden campaign. it must be a good feeling if you are by deb suchtse biden assume realistic is it? >> reporter: that is the big question. if the president is unable to win ohio again, it will be because of his erosion in places like this. lorain is a union strong hold where a lot of traditionally democratic voters turned away from democrats and hillary clinton in 2016. but in the interim, donald trump has promised that the industrial jobs would be roaring back to life here as a result of his trade policies. but so far, that really hasn't happened. i want to show you downtown lorain. this is main street usa. used to be bustling with a street car running right down the center. but just about everything is closed. this shop has chains on the door. this one is closed. down here, this one is boarded up. pretty much as far as you can see everything here is either closed

households don't make $400,000 a year, but look, let's be honest this is a political gesture, mike bloomberg almost half a billion dollars on the democratic nomination, and also on electing joe biden. his gun control is a big big deal to him and he's going to insist on seeing something donald he's not alone. kamala harris has talked about confiscating guns so i think this a real thing for joe biden to get involved in right off the bat. by the way, the more we talk about this , voters in georgia, which is a very open gun state, lots of people there own guns, hunt and so forth, that's not going to weigh very well with the democrat candidates running for the senate. i think it's a real thorny thing to undertake, and i don't think it works. charles: i don't think it works , but i think it's also intriguing because they connect the dots back to so-called gun violence which i think is a misnomer it's human violence, people pull those triggers and they talk about a place like chicago and if you look at all of the areas around chicago where the mayor from chicago says these guns are coming from wher

mike bloomberg was a candidate for the coastal elites. and the parts of california that he was praising are the only part that seemed to work and he neglected the rest. i'd say the same about gavin newsom and mark zuckerberg and schwarzenegger and all the ones you think about when you think about the great california success stories and palo alto and laguna beach and a handful of other places are doing okay. california is working, modesto and fresno and the foothills and the cascade mountains and the high desert and low desert and inland empire, not only do they not care aboutthose places, they don't know they're there . >> so there's a sense now to juxtapose back with you also talk about you refer to a parchment regime, so the old regime, there's a certain just to position between this new regime which is a model of where things seem to be going and this other old regime that's this parchment regime. i want to come back later to an analysis of the regime analysis but i want to talk about those two models, the california model but this pa

even people like john mccain or mike bloomberg at various stages said the terrorism problem have been exaggerated. i think it is helpful if this money spent, lives lost, is it necessary to keep the united states safe? so far, i have not seen any better assessment of this than by my former colleague, john. he is a longtime professor of ohio state university. thatin 2014, he estimated for the cost of what we spent on after terrorism since 9/11, we have to believe that those counterterrorism measures were responsible for stopping roughly times square like attacks. an attack that was attempted back in 2010. if we don't believe that the various measures that have been taken under -- if we don't think that those are useful in stopping terrorist attacks, we should wonder if have$5.5 trillion might been spent better elsewhere and even more importantly, we might if the lives lost along the way -- if these people would still be alive. thank you for the excellent framing and focus on the big questions. now i would like to turn to mad ea. i know you're no fan of unnecessary deployments to the bro

. >> reporter: mike bloomberg said as mayor what did i do in my first 100 days, i built a team?derstood that. but you have to build that teem to do that to-do list. and joe biden understands that. t o'donnell: we're going to take a quick break. when we come back, more from president-elect joe biden's speech and his running mate, kamala harris, making history tonight. we'll also go to the board as there is still several undecided states that have not yet been called. when we come back, america decides. you can show more skin. , so roll up those sleeves. and help heal your skin from within with dupixent. dupixent is the first treatment of its kind that continuously treats moderate-to-severe eczema, or atopic dermatitis, even between flare ups. dupixent is a biologic, and not a cream or steroid. many people taking dupixent saw clear or almost clear skin, and, had significantly less itch. don't use if you're allergic to dupixent. serious allergic reactions can occur, including anaphylaxis, which is severe. tell your doctor about new or worsening eye problems, such as eye pain or vis

you were with elizabeth warren, with mike bloomberg and in the new hampshire primary last year, do you remember we thought this was over for joe biden. >> reporter: because the numbers told that story, steph. when you see the person who came into this race as the front-runner, the former vice president getting in fifth place, worse than that in new hampshire, and skipping out that night to go to south carolina, now that looks like a really prescient move because that was the state that saved him. having lived through all of that, this is always and primaries are this having covered republicans in 2016 and now democrats in 2020, primaries are emotional roller coasters for campaigns because of how long they are. so much can happen. for joe biden really there is such an arc here not just from 1988 through all of -- through his second presidential run and then being on the ballot with barack obama but now in 2020 the thing that is striking you and i have talked about this before, the message stayed the same. the only thing that changed were his fortunes when he got into the race, it was th

even people like john mccain or mike bloomberg at various stages said the terrorism problem had beenexaggerated and sometimes he got away with it and sometimes he didn't . so i think it's helpful every once in a while to ask if this money spent, lives lost, is it necessary to keep the united states safe, is actually necessary to reduce the risks of future acts of terrorism and so far i haven't seen any better assessment of this and my former colleague john mueller whose a fellow course and longtime professor at ohio state university who is co-author with mark stewart but back in 2013 estimated that for the cost of what we've espent on counterterrorism since 9/11, we would have do believe that those counterterrorism measures were responsible for stopping roughly 1667 times square type attacks. an attack that was attempted back in 2010 in other words work such attacks every single day. and if we don't believe those various measures that had been taken over the broad rubric of the war on terrorism and the forever war are actually essential for useful in stopping both sorts of terrorist attacks, i

mike bloomberg showed you even a billion dollars doesn't buy political success.llar loser. trump supporters may be disappointed the election winner is in some doubt. look at the opposition, polls, pundits, press, pelosi, identity politics, disappointments all because they lost. the second hour of "varney & company" about to begin. ♪. ♪ may all your soros be small, here's to the losers, bless them all ♪ stuart: frank sinatra, here's to the losers. we were having a little fun. producers, that was very fun, smart choice of music there. i say the market is the real winner today. obviously so. the dow is up 460. john layfield is with us. john, why are we up so much in this election week? >> i think we're up so much, stuart, democratic sweep is taken off the table. last week was more about, not who would win the presidency. it has been kind of expected biden would probably win the presidency the last couple months but it looked like last we can we would have a democratic sweep of all three branches of government. that would be bad. historically since 1933 the best retu

mike mcglone of bloomberg intelligence on what is happening in the. .pace up next, -- in the commodity space. up next, what is happening in europe. we have jordan rochester joining us, no g10 fx strategist. still down for medically over the last five days, but recouping some of last week's big losses we saw. we will get more analysis in a moment. the european close is coming up. this is bloomberg. ♪ [ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exc