sonali: this is pretty incredible.ess than a week after starting to bring people back, letting them know that they wanted to bring as much as 50% of their people back. that is pretty impressed that pretty aggressive compared to other banks that have been slow walking it. faced these issues before. it just goes to show that this whole equation will be much harder than expected when it comes to potential covid cases in the office. on top of all of these other issues the bank is also thinking about including childcare, transportation, and general retention of their employees. if people do not want to come back to work, then how do you ?lso keep your employees happy romaine: the virtual conference that jamie dimon was having tummy talked about some of the psychological effects of people being at home. he talked about the idea that people need to be at work to network and advance their careers. i am wondering, with regards to those issues. and caroline brought this up. andne person gets infected it upsets the apple card --

and of course, our thanks to bloomberg's sonali basak.eo of prezi is going to be joining us on the way that teachers will be influencing the tech sector developing. it will certainly be one to watch. teachers certainly have played catch up in a pretty meaningful way. now they will start maybe leading. we will see whether that is going to be possible. this is bloomberg. ♪ karina: i'm karina mitchell. this is "bloomberg markets." coming up, we will hear from impossible foods ceo david lee. ♪ in on the bloomberg first word news. loomberg has learned that president trump is spending $100 million of his own fortune on his reelection campaign. it would be unprecedented for a president to put his and money towards a second term. democratic entities have been out raising the trump recent months. meanwhile, the trump administration wants to crack down on china for its alleged ighurssion of the u muslim minority group. there is concern that some chinese companies rely on forced labor by uighurs. producepanies racing to coronavirus vaccines have com

sonali: the technology issues are a big question mark.take over citigroup less than one year ago, so while her move to the top was pretty widely telegraphed, the timing is a big head scratcher across all of wall street. why so quickly? why less than a year? there must have been some pretty significant demand here. the timing is very interesting. the technology issues are something that she is going to have to contend with. citigroup just accidentally delivered about $900 million. tom: yeah, i got my check. sonali: [laughter] that is something reg leaders have to look at. -- that regulators have to look at. when it comes to consumer banking, her rivals are investing heavily. so same problem. tom: you have got to come back on. you're doing great here. this has been a fabulous report. they are way behind in retail, right? sonali: they need to be investing there, but there has to be investing at a time when they have to keep a clamp on costs. some had tips here to jane fraser, in the short time she ran the business, she was able to bring over

sonali: i want to ask about new jersey.spoke to the nasdaq yesterday, moving some operations to chicago. are you planning to move operations, how heated is that fight getting over financial transactions taxes that the state is holding over the exchanges? john: i understand states in other jurisdictions from talk to time are under stress. the idea of a financial transaction tax sounds like a great way to raise revenue but it is not. in fact, it will do more harm than good. not only to the tax base but to the markets and the hundreds of millions if not billions of people in the markets who are saving for retirement, children's education. the thought of having a financial transaction tax is not good. as withthe ability, other exchanges, to make sure that we provide a high quality marketplace for investors around the world. if we need to move our marketplace, we will. big questionhe that investors are asking themselves is when they need to pivot away from investing in tech stocks. let's frame that within nyse question. how much

sonali colin wright, because listing -- i: right, because listing is voluntary. saying enough is enough and we want to invest in companies that are more responsible in terms of the environment or social aspects are governance and those investors are driving the change. at the end of the day, it is how much money is going to these initiatives in terms of indexing for these changes, in terms of holding firms accountable. was look at what companies were disclosing the terms of how many women they had at the top, how many black executives. it was hard to find and nowadays, more companies are i disclosing these networks. disclosingtarily these facts. going't see companies public on the exchange on day one. this will take a long time. analysis, sotastic nali basak. "what'd youfor miss?" "bloomberg technology" is up next. have a great evening. romaine: this is bloomberg. ♪ ♪ ♪ emily: "bloomberg technology." "bloomberg technology." welcome to -- emily: welcome to "bloomberg technology." "bloomberg technology." getting 4%, tesla climbing back after its worst day ever come

so sonali basak, rising very quickly to our current role as head of consumer banking.qualifications does she have to take on this global role? sheli: jane, right before was named president at the end of last year, it was really one year between being president and now, less than a year. she has led the unit at a tough time. very wealthy-- individuals. the consumer unit, which we know has challenges over the last couple of years. she does have some international experience. she also worked at goldman sachs, so there are very few people on wall street with that breadth of experience, both at different firms, strategy and business lines, so hopefully, all of that experience will help jane bring citigroup into a lead that is more like its peers. spoke of course with her back in june about the myriad issues of inequality and representation when it comes to the industry as well as the broader economy. >> we call it the ugly truth. women are paid 73% of what men are because we just don't have enough women in the higher-paying and more senior roles. that is even more true in o

sonali basak was exceptionally strong this morning on this, the ratio analysis of these three banks.an add in wells fargo as well. then you look at the european banks, we just had on jean-yves fillion from bnp paribas, and it is remarkable how much cheaper the european banks are trading with a lousy profit outlook. jonathan: you know what's forced the digital transformation? the pandemic. tom: no question about it. not that i would be hitting ago,es in davos, but years i went to one bank lovefest and then to another bank lovefest, and the ceos of those two banks said exactly the same thing. they underestimated digital. jonathan: i like how you run the clock down so i can't get in my response to how you party in davos. tom: you've got that right. jonathan: five seconds left. another time on "bloomberg surveillance." give you my world ♪ ♪ how can i, when you won't take it from me ♪ ♪ you can go your own way ♪ ♪ go your own way your wireless. your rules. only with xfinity mobile. ♪ ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose