bodie analytics say that this package -- moody analytics say that this rescue package put forth will take us to full employment by 2021. one full year earlier than it would occur without it. 2021 versus 2022. one full year earlier. in just five days, joe biden and kamala harris will be sworn in as president and vice president of the united states. following the attack last week on the capital complex, there have been unprecedented mobilization of security in the capital. i want to express gratitude to capitol police, to the national guard who are present here to protect our democracy. they have shown great courage. i am very proud of them and i was honored to be able to extend gratitude on behalf of the congress. we must subject this to scrutiny in light of what happened and in light of the fact that the inauguration is coming very i have asked retired lieutenant general to lead an immediate review of security infrastructure, interagency processes and command and control. the general is a respected leader with experience dealing with his focus with military support to civilian author

moody analytics says this morning, they say, this package, the rescue and recovery package put forth by joe biden last night, this package will take us to full employment, by 2021. one full year earlier than it would occur without it. 2021 versus 2022, one full year earlier. in just five days, joe biden and kamala harris will be sworn in as president and vice president of the united states. following the attack last week on the capitol complex, there has been unprecedented mobilization of security in the capital i want to express gratitude to our capitol police, to the national guard, for presence here, to protect our democracy. they have shown great courage. i am very proud of them. i was honored to be able to extend gratitude to them in person on behalf of the congress. we must subject this whole complex to scrutiny in light of what happened, and the fact that the inauguration is coming. to that end, i have asked retired lieutenant general russell honore, too late and immediate review of security infrastructure, -- to lead an immediate review of security infrastructure, coordinatio

i was reading the note from moody analytics.k sandy was saying it is likely they will pass something around the trillion dollars now and then the next package will make up for that for the other $.9 trillion. sort of imagining it as an economic influx this packet -- this package may be broken up into parts, going through somehow. joe: coming up, the top challenge keeping global ceos up at night, covid-19. we discuss the conference board's later -- latest ceeo survey. -- latest ceo survey. coming up. this is bloomberg. ♪ caroline: today we are focused on corporate risk in the new year. according to a new survey by edelman, ceos are becoming increasingly trusted. joe: ceo's? romaine: what do you make of that, while times? joe: wild times. during this crisis we have seen big business operate in an impressive and competent manner and many would say they do not feel the same way from government and elected officials. to talk more about businesses and what is on the minds of businesses, let's bring in dana peterson, chief economist at

children as a last jobs report of the trump administration shows the need could not be more urgent moody analytics says this morning they say that this tag edge the rescue and recovery package put forth by joe biden last night this package will take us to full employment by 20211 full year earlier than it would have curves without it 2021 verses 202214 year early. in just 5 days joe biden and comer harris will be sworn in as president and vice president of the united states following the attack last week on the capitol complex there's been unprecedented mobilization of security in the capitol i want to express gratitude to our capitol police to the national guard who are present here to protect our democracy they have shown great courage very proud of them and i was. honored to be able to extend gratitude to them in person behalf of the congress. we must subject this this whole complex. to scrutiny and light of what happened and the fact that the inauguration is coming to that end i have asked retired lieutenant general russel honore a to lead an immediate review of security infrastructure interag

moody's analytics said if we can only agree this $1.9 trillion worth of distimulus, we could recover 7.5 million of the jobs we're still down. we're still down 10 million from the beginning of the pandemic, this year alone. guys, i don't know what to say. every reason for doing this spending is there. congress need to step up and do it. add to what they've already done. >> when the new jobs numbers came in yesterday, one thing that really hit was that joe biden is inheriting the worst job market of any modern president. >> and it's three crises. a political crises, crisis of the division that's in our country. there's a health care crisis and a jobs crisis. and there are three different things happening at once here. i can't remember in modern memory a president having to come in to such a shock. and, remember, this is a vice president when he took the oath of office, the economy was falling apart then, too, and we learned a lesson from that. if you don't act robustly and you don't spend enough, you will have a slow recovery. it will hold back the recovery for everyone. we know that.

moody analytics said this morning, they say that this package the rescue and recovery package put forthst night, this package will take us to full employment by 2021. one full year earlier than it would occur without it. 2021 versus 2022. one full year earlier. in just five days, joe biden and kamala harris will be sworn in as president and vice president of the united states. following the attack last week on the capitol complex, there has been unprecedented mobilization of security in the capitol. i want to express gratitude to our capitol police, to the national guard, who are present here to protect our democracy. they have shown great courage and we're very proud of them and i was honored to be able to extend gratitude to them in person on behalf of the congress. we must subject this whole complex, though, to scrutiny in light of what happened and the fact that the inauguration is coming. to that send, i have asked retired lieutenant general russell honora to lead an immediate review of security infrastructure, interagency processes and command and control. the general is a respect

reporter: according to economists at moody analytics it would boost real gd in 2021 to about 8% t wouldomy add around seven 1/2 million jobs. but they are realistic about chances of passing. right now that seems unlikely. they say something that could pass once it goes through congress, connell would be half of what president biden is proposing. that would still be around one trillion dollars. they might have to remove some of the key elements of it like that money for state and local governments. connell. connell: amazing half of anything could be one trillion. that is still a decent amount of dough, thank you, grady trimble out of chicago. bring all of this to steve moore, freedomworks economist. steve, a lot to talk to here. start here where grady was on so-called blue state bailout part of this relief bill. what do you say? >> i wish you wouldn't call it so-called blue state bailout because it's a blue state bailout. i think your reporter did a great job summarizing this bill. it is really helping states like connecticut, new jersey, new york, california, michigan and illinois, by t

moody analytics says, this morning, that this package, the rescue and recovery package put forth by joe this package will take us to full employment by 2021. one full year earlier than it would occur without it. 2021 versus 2022, one full year earlier. in just five days, joe biden and kamala harris will be sworn in as president and vice president of the united states. following the attack last week on the capitol complex, there's been unprecedented mobilization of security in the capitol. i want to express gratitude to our capitol police, to the national guard who are present here to protect our democracy. they have shown great courage. i'm very proud of them. i was honored to be able to extend gratitude to them in person on behalf of the congress. we must subject this whole complex, though, to scrutiny in light of what happened and the fact that the inauguration is coming. to that end, i have asked retired lieutenant general russell honeray to lead a review of processes and command and control. the general is a respected leader with experience dealing with crises. as a former vice dire

. >> joining us now is mark zandy, the chief economist with moody emphasis analytics here to talk about and take your questions on the economy. mr. zandy, what is the state of our economy right now? >> greta, it's struggling. we saw that in the december data for the economy. we lost jobs in december. retail sales declined. claims for unemployment insurance remain consistently above about a million per week. just for context in a well functioning economy we should be seeing something like 200 and 250,000 initial claims for unemployment insurance. sentiment is very soft. and obviously it's not hard to connect the straugling economy back to the pandemic. the reintensification of the virus, the hospitalizations, the deaths has had an impact on the entire global economy but also here at home in the united states so the economy is weak. >> what if congress and president trump had not signed into law the covid relief money that we saw the first round of it and the money that followed? what if that hadn't happened? >> it would have been much worse. the support from the federal government has be

this is going to mean for the economic outlook, let's brin in mark zandi, chief economist at moody's analyticsthe georgia runoffs are cited as a potential trigger. we're trying to figure out what kind of market it event it would be if we get a surprise. the democrats flip the senate. would that alter the economic view at all? >> yeah, it would. i think it would mean that we would get a large fiscal package, another fiscal package through the democratic congress, probably some time in the summer you know, something along the lines of what vice president biden proposed in the campaign, building back better so infrastructure, education, health care, housing, child care, that kind of thing and some tax increases so to help pay for this increase in spending, that means higher corporate tax rates, means individual tax rates for high income households would rise, maybe an increase in the capital gains tax. so all those things become much more likely if the democrats win both those senate races and the congress becomes controlled by democrats. yeah >> how are those things, do you think, likely to be p