steven mnuchin and has asked for the return of unused funds.he treasury secretary sought a 90 day extension but requested that others expire december 31. backentral bank pushed causing a rare public rift. >> i was a bit surprised and i have to say that after the announcement, the airport came out with a statement expressing their interest in extending them to keep them available and that is where i am. given where the economy is and there is so much uncertainty still out there, it is prudent to keep those things open so when people, if they do have stress, can draw upon it. anna: joining us now is gregory latham cosithnot 0cio. this comes down to the lesser sign that we expect to see that markets want to see extraordinary's of work for credit markets in the u.s. do you sense that credit markets are on a sustainable footing? the backstop still really important for market sentiment? the backstop is definitely important and it takes different forms. my reaction is that i would be surprised if the markets see this as too much of a big deal. the rea

and all of this, especially in the united states, as we see this public spat between steven mnuchin anded. steve mnuchin says they should be returning those funds and giving back to congress before the end of the year. the fed says not so fast. that, we saw an immediate push on the markets, dragging the s&p 500 futures lower. they are down a little bit more than .5%. nasdaq futures were a little bit higher in the green. they are relatively flat now. we do have the euro-dollar ticking higher, inching towards that 119 level, even though there is a lot of disagreement going on in brussels today and i want to get to that really twin debate happening in brussels as to whether or not it is regarding brexit or the stimulus package. to help us break all of that down is maria tadeo. where should we begin? let's start with the stimulus. we still see no breakthrough coming out of brussels. yes, and i think you framed it very well. there's almost two issues that are pending. that is why there is so much uncertainty happening out of brussels. you have a stimulus package that was not agreed to and br

what is steven mnuchin trying to achieve with this?ing is legally mandated under the cares act, that the money expires and it should be returned. democrats have rejected that, saying essentially that it is yet another move by the outgoing trump to box biden in an limit his ability to maneuver. it is kind of incredible that it is happening at this point where there is such desperate need for stimulus package to deal with the economic fallout from the coronavirus pandemic. desperate need for money to be injected into the economy to help struggling businesses, unemployed, people who have lost their jobs as a result of the pandemic. and janet yellen is going to face an unprecedented crisis coming in. arguably as big as the 2008 financial crisis, possibly even the great depression. unlike obama when he came in and 2008, had a democrat-controlled congress, it looks like we will have divided government, so she will have to work incredibly togetherry to pull different sides to come up with a comprehensive package to get the economy back on tra

the treasury secretary, steven mnuchin, said he will not extend them.is reason for this is he said financial conditions in the u.s. are in good shape. he said when this emergency is over, let's put these programs away. the response to that for many people of course is that the emergency is not over yet. what steven mnuchin wants, he wants the federal reserve to return those unused funds, which would put $455 billion of back into the purse of the government. he says that money can then be used through congress and put toward more targeted coronavirus relief efforts. of course, his move not to extend these programs has been criticized by economists, i'm ever some the political opposition, he said the u.s. economy -- by members of the political opposition, who say that the u.s. economy is too fragile to shelve the support at the moment. the financial reserve responded quickly to the moon saying emergency facilities should continue to -- to the move saying emergency facilities should continue to serve as a backstop for strained economy. the worry is this mo

steven mnuchin seeking to pull the plug on most of the federal reserve's emergency credit facilitiesncluding the main street and the knew us in pallone programs -- municipal loan programs. what kind of an impact is that going to have if these programs go away by year end? >> maria, i don't think it's going to have too much of an impact, and that's why i'm still very bullish here. those programs were put in place earlier this year when we were in the middle of a pandemic and we didn't know where we were going, we didn't know how we were going to control it, if we could control it, how deep our recession would get and when or if we would come out of it. so now that we've gone down that road, we've recovered a lot, and we have vaccines that we're hearing great news on on a daily basis. i don't think it's necessary right now. so although top line it could spook some investors, i think overall the biden administration, if they do take office, are going to put their own treasury secretary in, they're going to have their own plan in plus. i think the fed's low interest rates for a long time

the dow industrials expected to open lower after treasury secretary steven mnuchin said that he wouldot extend most of the emergency lending programmings that run in tandem with federal reserve. treasury department would move most of the lending facilities as well as two highly scrutinize programs main street legending program and liquidity facilities. joining me right now is senior strategist wolf gang kesser also joining fox business dagen mcdowelling and wall street journal assistant editorial page editor james freeman great to see everybody this morning thank you so much for being here. wolf gang kick it off with you your reaction to what we heard from steven mnuchin yesterday and these programs that would give the federal reserve stimulus leverage to add even more stimulus he's not going to extend those yondz the end of this year. >> yes. good morning maria and everybody dagen. you know, when we look at a we look at what does it mean for liquidity for corporations because at the engsd of the day investors look at what do we do with this and cutting that liquidity off is likely go

late yesterday we heard steven mnuchin had sent a letter to his friend jay powell saying please give us back the money we gave you for the emergency lending programs. he probably did not like -- jay powell do not like that much. did the markets like that? abigail: we have not seen much of reaction. bonds are lower which means yields are higher. what is interesting is we do have a reaction for the financials. the financials typically would climb on yields going higher, but they are not. there i be uncertainty around this bat and what it means. the lifeblood of this rally coming out of the march lows has been the fed liquidity and the assurance they stand by ready to do whatever it takes. if the lifeblood is being taken back, that could be a concern. we are not seeing those concerns relative to stocks. stay tuned, if there is any sign that will get worse, that could be an issue. that would be a systemic concern for investors. david: thank you so much for that report from abigail doolittle. covid is surging again at this time it is not just the northeast or the south. it is all across t

janet yellen faces a tricky start, as steven mnuchin puts funding beyond her reach.ood morning. 6:00 a.m. in london, 10:00 a.m. across the emirates. a jampacked show for you, including emirates president tim clark. he spoke to manus cranny about a host of issues in the travel sector. also, likely an appearance from manus himself. what a day it was and a 24 hours it was, as chris weston put it, a nirvana has dissented over the scended over the market. dow jones topping 30,000 for the first time. s&p 500 index, we do have closing at an all-time high. we are losing a bit of momentum. flat across the asian market and flat across u.s. equity futures. we are seeing a steepening of the yield curve, not at the highs we saw recently, but we are seeing it steepening. jp morgan this morning also saying 10 year yields may hit 1.3% by the end of next year. oil on an absolute tear. $45 handle. brent closing in on potentially $50 per barrel. let's take a look deeper into the markets. joining us now for more on that is dani burger. good morning. dani: it is really crazy to think abo

secretary steven mnuchin called on jerome powell to return money for several fed funding program thatied on treasuries backing. minutes later the fed set out its own message, in purging -- encouraging all of the lending be kept in place. bloomberg companies do not need loans, they need grant money from congress. congress is getting closer to the $1.5 trillion spending bill that would avert government shutdown. nancy pelosi and mitch mcconnell met to hash out the details. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> i think governments have to continue to support people in businesses. we cannot just rely on monetary policy. withdrawing support now would be like closing of textbook during the war. santander speaking to bloomberg. later would be cheap -- later we will be speaking to chet nayak -- chetan aya. the winter of our discontent comments earlier this morning this will be an important conversation. one of mr. pharaohs -- one of mr. ferro's

he just spoke with steven mnuchin. your take on these comments? e has been whether the outgoing administration has been trying to hamstring the incoming administration by taking money away, making it harder to use in the future. secretary mnuchin defending his efforts and suggesting it did not cause the kind of rift with the fed that has been reported. the secretary saying they speak multiple times a week, in close touch, and have an excellent relationship. coming.the fed this was he discussed it with jay powell. and draftedweeks word by word -- there is a clear date that is the expiration. that is not as clear as the secretary makes it out to be in the sense that it is understood he could have extended it and could have let the fed make loans up to the january 31 this moneyt with supposedly going back -- $260 billion because they have already spent a good portion of that not just on the fed lending --grams but other bailouts that this money will have to go back sometime at the end of the year, but it takes a while to process loans. the fed said to

i would say with regard to foreign policy -- >> neil: steven mnuchin, you're not a fan of the leadersf the president? >> i see him trying to shovel money out the door and give away free money to people and that is not a conservative notion but a democrat and ocean. >> neil: with the blessing of the president, right? he didn't do anything the president didn't want him to do. >> that was directed specifically to him in negotiations with nancy pelosi. but i would say on foreign policy, i am very worried about there will be a shift and back to those who believe we should marrow to narrowly intervene abroad in a big way. you have neoconservatives on the right to intervene for geopolitical reasons but then liberals like samantha powers and others who want to intervene for humanitarian reasons but nevertheless they want to send armies and young men and women around the world. and i think a bad choice, blinken and i will ask if he apologizes from the iraq war and whether he believes was the regime change in the middle east was a good idea. it was not a good idea in libya or syria. i don't thi

. >> tuesday, treasury secretary steven mnuchin and drumheller testify before the senate banking committee. watch live coverage of the hearing tuesday on c-span3, span.org or the listen live on the c-span radio app. --on the c-span radio app on-demand at the span.org or listen live on the c-span radio app. .org or listen live on app.-span radio ♪ susan: historian harold holzer, we were talking that this was book number 54 for you, "presidents vs. the press." harold: i wanted to explore the relationship between chief executives and the journalists who have covered them, praise them, cap their secrets, and generally antagonized them. i wanted to trace the origins of the relationships we see on our television screens almost every day. and i also wanted to do it as a follow-up to a book i put out five years ago about lincoln and the press, and see how it all fit in as a possible continuum of difficult relations, strained relations between the president and the press from the beginning. susan: how did you select which presidents were included? harold: i dreamed of doing everybody but i realized

>> tuesday, treasury secretary steven mnuchin and federal reserve chair jerome powell testify before the senate banking committee. they will provide an update on emergency measures to provide relief from the economic downturn triggered by the coronavirus pandemic. watch live coverage tuesday on c-span. listen live wherever you are on the c-span radio app. >> president-elect haydn, the formal transition to his administration began on monday this week, they president-elect saying his team had spoken with you. said his team had spoken with you. who did you talk with specifically on his team and when will you meet with him directly? base with theed chief of staff, ron klain. we do not talk about the nuts and bolts. obviously, soon we will be getting the transition team and the task force to give them the information that would make their assuming the responsibilities easier and more efficient. serveif asked, which you on a biden administration coronavirus task force? guest: of course. host: what are you anticipating from the biden administration, specifically on the idea of testing and t

steven mnuchin wanting unused billions to be pumped into the slowing economy.rom other central banks and press ahead with tapering at stimulus programs. policy makers left the loan prime rate unchanged. first travel's bubble launching this weekend. bloomberg as one of the -- is on one of the first flights between singapore and hong kong. juliette: i believe that falls to me. let's have a quick check of the markets. u.s. futures falling as we talk treasurys spat between secretary mnuchin and the emergency stimulus program. a little bit of negativity coming through on equity markets. yesterday, we retreated from the records. it had been on the extraordinary wind of 13 sessions of gains. we are on track for a gain of 1.5%. we are talking about the travel bubble between singapore and hong kong. you are seeing dollar strength against the yen. we are seeing weakness coming through in the japanese yen and the aussie. let's look at the bangkok open. the benchmark opening. a bark.essentially over 10 month highs. we have the bank of thailand signaling it will be focus on

the news just broke the past couple of hours that treasury secretary steven mnuchin declined to extendthe programs. were you surprised? raphael: i was a bit surprised. right after the announcement, a statement came up from the board , the federal reserve board, expressing interest to keep them available. that is where i am. given where the economy is, so much uncertainty still there, it is prudent to keep those things open so that when people, if they have stress, can draw upon it. raphael, this comes at a time when there is so much uncertainty and i would say angst over whether the federal government will pass by other congress another stimulus package, and when would it happen? it keeps getting pushed further into the future. so it seems if you are trying to boost confidence, reinsure -- reassure investors, the timing isn't the best. raphael: what we have seen through months of this crisis is that uncertainty has really kept people from engaging in the economy. i talk to business leaders and they basically tell me, i don't know what it is going to be like three months from now. at th

we had nancy pelosi talking with steven mnuchin before the election and they have gone back and forth on some specific proposals but now the white house has really stepped back from these negotiations and said it is up to mitch mcconnell to negotiate with pelosi. and they are not speaking. we have not reported on any conversations between pelosi and mcconnell, and they are the ones who need to go into a room and figure out how to move forward to get stimulus money. caroline: do we wait until the new administration? can people wait until the new administration? can we see some kind of stopgap being made? anna: next week being thanksgiving, running into december, it is definitely looking like it will be a next year kind of thing. the one date we are looking at is december 11, when the current funding for the government runs out. they will have to pass more spending bills to keep the government open. you have one train leaving the station, that could be an opportunity to attach some stimulus to it, but certainly not the trillions of dollars house democrats say are necessary to keep the e

there have been months and months of negotiations between pelosi and the treasury secretary emma steven mnuchin. those did not yield any fruit before the election. there is a glimmer of hope that there could be some kind of arrangement and deal reached in the lame-duck session but given what is happening now with the president himself in contesting this election and saying there has been all sorts of unsubstantiated cases of fraud, the political climate is not really great for any big deal to happen. it looks like that will be punted most likely into the next congress. of course, we have government funding running out on december 11 so on top of all of the uncertainty surrounding the president and whether he will concede defeat, there is another threat of a government shutdown on december 11. the two sides will need to come together to reach an agreement on funding the government or risk another government shutdown next month. the lame-duck session, with all of that, it sounds like it doesn't have the bandwidth to handle taking on another pandemic package. in our conversation with viewers this

. >> tuesday, treasury secretary steven mnuchin and federal reserve chairman jerome powell testify before the senate banking committee. they will provide an update on emergency measures to provide relief from the economic downturn triggered by the coronavirus pandemic. watch live coverage of the hearing tuesday en c-span3, online, or listen online wherever you are -- listen live wherever you are with the c-span radio app. >> next, a discussion on the history of american gun culture from ucla's school of public affairs. this runs an hour and a half.

nancy pelosi e sending a letter to steven mnuchin. where are we? >> yes. it's a very odd story.i, who speaks to mr. mnuchin every day for about the last three months, decides to send a letter. mysteriously, maria, the letter got published in "politico" before secretary mnuchin got hold of i it. that's a rather odd case. so i will say this, regrettably, our team believes now that the speaker is not negotiating in good faith, she will not compromise on key issues, she is still stringing us along running out the clock until the election. that's e what our view is right now. we've tried to be patient, we've tried to offer compromise all over the place, and we believe now no compromises are forthcoming. now, some of these areas -- i don't think the v-shaped recovery depends on an assistance package. but, but, but, but, certain key lawyers could have been really helpful -- areas. in particular, maria, the ppp program for small businesses which has $135 billion of unspent money left, and we could easily appropriate that. that could have been done in a separate bill. or unemployment ass

. —— steven mnuchin. they want a stimulus package to solve that problem. more moderate package than what the democrats wa nted package than what the democrats wanted to be more robust. what is your outlook to the us economy now? i think we are in pretty good shape. we are having an uneven recovery and certainly there are those areas of the market that are going to ta ke of the market that are going to take longer to recover but i think with what we are seeing, we do anticipate more government intervention, certainly even going back to janet yellen, she will want more intervention from the government and i think that works well for small business as well as large businesses so i think we're coming into a new year with anticipation of a good market. but also, all the news we're getting from various places about a vaccine, that is a changer, isn't it? it is a game changer because what we are also seeing in the markets isa are also seeing in the markets is a movement away from the stay—at—home play towards the reopening play so what we're seeing now a rally in

. >> tuesday, steven mnuchin and jerome powell testify before the senate and can committee, updating the urgency measures of relief triggered by the coronavirus pandemic. watch live on tuesday, on c-span , on at c-span.org, or listen live wherever you are on the c-span radio >> france is dealing with that second wave of the coronavirus pandemic. recently, president macron outlined how the country will ease some of its covid-19 lockdown restrictions in time for the christmas holiday season. ♪ pres. macron: fellow citizens, when on october 28 i spoke to you, i told you i would report to you on the epidemic and the decisions that would be taken some one month later. the number of positive cases of covid-19 per day has gone down substantially. it was above 60,000. last week the figure stood at 20,000 cases per day on average. after reaching 33,500 patients hospitalized on the 15th of november, moha

tuesday, steven mnuchin and jerome powell testified before the senate banking committee. they provide an update on emergency measures to provide relief from the economic downturn. plus, live coverage of the hearing tuesday on c-span3, on demand on c-span.org, or listen wherever you are on the c-span radio app. next, bill clinton speaks about affordable housing and the racial wealth gap. hosted by the clinton foundation, this portion runs about 45 minutes. pres. clinton: thank y'all for joining us for the second edition of building an inclusive recovery. the clinton foundation series to address racial and economic disparities in the wake of covid-19. i hope wherever you are tuning in from, you are staying healthy and safe. i would like to begin by expressing my gratitude to our sponsor for-- lead this session. i also want to thank those who have made commitment to action as part of this series. i hope all of you will think about specific ways you and your organizations can make a difference or partner with others to increase your impact. our topic today, the housing crisis

treasury secretary steven mnuchin is moving $450 billion beyond the reach of his successor janet yellen. he has put most of the money that had gone to the fed lending facilities into a fund that would require congressional approval. the democrats call it illegal. the treasury rejects that. pastors and it can vaccine was tested in younger people, according -- the astrazeneca vaccine was tested in younger people, according to the head of the program. but the ehf the group was capped at 55. a trial with two full doses was only 62% effective. carrie lam continues strengthening ties with china. defends beijing's tightening grip on the financial hub. she says her goal is to restore confidence following a tumultuous year. global news 24 hours a day, on air and at bloombergquint take, powered by more than 2700 journalists -- and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. our bloomberg markets live managing editor joins us from singapore. 30,000 of the dow. the president was pleased with that. according to some reporting, we found nirva

steven mnuchin is putting -- into an account. he is planning to put $455 billion into the general fund, which could make it hard for janet yellen to access on her own. the joe biden transition team called the demand for the return of the money deeply responsible. japan and china have reached agreement to lift some virus travel restrictions, restarting flights for business people by the end of the month. the chinese foreign minister will meet with the new japanese minister. that is ahead of jode biden's inauguration next year. the two sides remain far apart on disputed islands in the east china sea. the chinese premier says he expects the economy to see positive growth despite the sharp downturn in the first quarter. speaking after talks with the world bank and the imf, he said china has been hit hard by the virus but is on the path to full recovery. he reiterated that further reopening and allowing consumptions to play a bigger role will not drive expansion. as the end of the year approaches, based on current data, we can say wit

the fed, she understands the important -- the importance of the fed lending treasury secretary steven mnuchin is eliminating, and she would put things like that back in place. what treasury did is guarantee the fed against losses, and if the fed gives back the money that has not been spent to do that yet, in theory should could reprogram and bring it back. so people will look to see if they set up the same kind of system where the treasury helps the fed with lending programs going forward. what they do after that is kind of an open question. the fed at this point can only raise and lower interest rates, other than the lending programs. so there isn't much more for them to do. pushed to keep rates lower, which would be basically the only thing they can do -- lower for longer -- they probably will go along because of the economic situation they find themselves in. could we see more coordination between the two, or is it too soon to tell? michael: i don't know how much more coordination there can be. they have worked closely together so far. thego back to world war ii, treasury agreed to keep ra

tuesday and wednesday, we will watch comments from steven mnuchin and jerome powell.estify on their responses to the pandemic, and on friday, get the very latest jobs report, and therein lies the point. that job is critical, isn't it? annmarie: especially for joe biden. we know he is sticking to his word of a diverse administration as the senior communications team is all women. the communication director will be kate bedingfield. ashley will be calm's director for kamala harris. mms director for kamala harris. manus: a longtime democratic policy staffer, cecelia, will head the council of economic advisors, becoming the first black american in that role. there is a lot to get our heads around this week. i cannot remember -- there's something like 50 central banks that will have their decisions before the end of the year. 50. martin malone makes a great point. to get these record runs in equities, you have 20% thrown at global markets, 20% of gdp in terms of stimulus. will you get the same stimulus in 2021? that's my question. annmarie: it's a very good question. for t

steven mnuchin said he has maintained coordination with federal reserve chair jerome powell throughout the economic downturn, saying the central bank had been aware of his plan to end emergency facilities. the comments come after that top two economic policymakers appeared to clash over whether to preserve emergency lending programs designed to shore up the economy. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm karina mitchell. this is bloomberg. >> is 1:00 p.m. in new york. welcome to bloomberg markets. here are the top stories we are following. , u.s. joblessly claims increasing for a second week last week. incomes downed 0.7%. the data open to interpretation. we will ask julia coronado what she thinks. the economic numbers may not be welcome news to retailers as they enter the important holiday shopping season. later, we speak to mark cohen. and a soccer top of mind with baritone,g of diego we will talk to the ceo of fubotv, which has been booming subscriber growth. let's take a check of

steven mnuchin, the treasury secretary and jim cramer on "squawk on the street. it begins right now. >> good morning and welcome to "squawk on the street. carl has the morning off let's give you a look at futures as we get ready to begin trading, last trading session of the week sloogtly l l slightly lower open. steven mnuchin will be with us, he'll explain the decision to cut the fed's emergency lending power, some of the programs, of course, that began back in march. and as pfizer and biontech move to request emergency authorization for their covid vaccine, we're going have the head of operation warp speed with us, he will discuss the path forward and so important, the distribution of said vaccine, jim, all of this and the backdrop of worsening covid cases, we talk about it every day. we need to i'm starting, i don't know what you're hearing, i'm starting to see anecdotal evidence that things are slowing down a bit in the economy. >> i'm getting that too. i'm getting people who are saying, i really would want to make a big spend, this is in terms of the big tec

to 420 $6 billion that the federal reserve is having to return to outgoing treasury secretary steven mnuchinwho is putting this in a fund that will make it difficult for incoming treasury secretary janet yellen to be able to send to markets as a relief, that is $500 billion. the third point, and this is very in the weeds, but the financial markets in the business community like the idea of senate banking chair me -- senate banking committee chairman pat toomey as the caretaker chairman of the banking committee, but in this regard, he is going to have oversight over yellen, so to speak, and the issues pertaining to the treasury portfolio. as a result, republicans are sympathetic to the argument that outgoing treasury secretary mnuchin is making. tom: a one minute press conference yesterday. i saw you missed it because you were out at starbucks. kevin: for the record, i was on air. [laughter] tom: mr. pentz was on stage with mr. pent -- mr. pence was on stage with mr. trump. what kind of thanksgiving will the vice president have? kevin: i will have to ask, but i remove her when he was chosen f

tuesday is day one of testimony from fed chair jay powell and treasury secretary steven mnuchin. haven't been getting on so well of late. that will be absolutely fascinating next week to see how much daylight there will be between the two of them. let's start the conversation off with peter dixon, commerzbank global equities economist. great to catch up with you. just want to start with a basic one. seems to me that nobody wants to sell down risk for the first vaccination. do you share that view? peter: good morning. it is true, i think that at the , we are not entirely sure how this is going to play out. we had lots of questions regarding the astrazeneca situation, but markets not willing to sell off at the .oment obviously the holiday disrupted period has forced to do musters onto the back foot -- has forced investors onto the back foot. we had a couple of weeks of trading in fear to come. normally you would expect things to start winding down, but i think there were so moving parts that we can expect a very interesting two weeks. my view is that we should be positive. a bit hi

fox los angeles, still steven mnuchin the great land of california tonight and while local restaurantse been ordered to and outdoor service, bill. >> mark, good evening to you. as you said tonight, l.a. county set to begin restricting outdoor dining and almost all of the 31,000 restaurants in the county and as a matter of fact l.a. county is going to be the only county in the entire state of california restricting this only allowing take out peer that is something a massive black clh from business owners think this is the death blow to them that will kill their businesses because if they can't go into disclosure again after they did this in march. the decision was made by the l.a. county department of public health and they put a tweet out alerting everyone and there's been such backlash because they admitted yesterday, they don't have any data, they don't have any science tying outdoor dining to the recent cases in l.a. county. they were repeatedly pressed about this at the l.a. county board of supervisors meeting and we don't have our own data. we are going off of a cdc study. the pr

economic policymakers -- treasury secretary steven mnuchin called on fed chairman jerome powell to return for several fed lending programs that rely on treasury's backing. minutes later, the fed put out its own message urging that all of the lending facilities be kept in place. mnuchin told bloomberg that companies do not need more loans, they need more money which must come from congress. congress is getting close to a deal on a one point $5 trillion spending bill that would avert a government shutdown next month. nancy pelosi and mitch mcconnell met to hash out details. talks are separate from negotiations on another coronavirus release -- release bill. joe biden says he has picked a treasury secretary and he promised an announcement either next week or the week after. the president-elect said the choice will be accepted by all members of the democratic party, from progressive to moderate. among the names being mentioned, roger berkson and former fed chair janet yellen. global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in m

official effort to do this just to get, the word i am hearing it is being discussed and you may see steven mnuchinis after thanksgiving, that's what we understand that is going on, two things happening, corporate pressure as outlined and to worry about having no stimulus before the end of the year will hurt the republican chances of winning were one of those seats and maintain control of the senate i believe that is on january 5, check my date on that, they would have to start working soon. back to you. liz: remember we were talking about tiktok in a guy we like is jake dillon. very funny. >> he sounds very talented. he sounds very ethnic, jake dillon. [laughter] liz: very blended, we cannot wait to find out, he is hilarious, everybody looked tiktok, forget streaming series or food, americans are binging on something in their homes you just won't believe, is the fed on homebuilders over or just beginning, today's countdown closer ready with the answer in the name he says you should invest in. closing bell ringing in ten minutes the dow down 170 but will get the numbers of the week, how did the ind

i can tell you that money that treasury secretary steven mnuchin got back from fed chair jay powell hasfallen along party lines as an issue. likely soon to be treasury secretary janet yellen has said there is a dire need for there to be more fiscal stimulus in the marketplace, so as a result of that, i think what you're going to see is a very partisan if not in theup end of this calendar year, the first days of the biden adminstration. guy: let's talk a little bit about what is happening in georgia because this is what this all hangs around, those seats in georgia are going to prove to be pivotal. clearly this is something that the republicans are rallying around. it is a battle cry for them now. can you bring us up to speed as to what the expectations are in d.c.? if there any expedition that the democrats can take that? if i look at the betting odds, it is against them. counts, and itte matters from a policy standpoint if you are trying to look at the various strategies that could be deployed for republicans and democrats, and the ability for republicans to serve as a centrist check o

house speaker nancy pelosi turned down a $1.8 trillion deal and offer by the treasury secretary steven mnuchinthe white house and the gop. she said it was simply insufficient to help the state in need. we will see what new offer may make its way to the house and back to the white house as all americans are hoping for much-needed relief. jon: kevin corke, thank you. up next millions of americans traveled for thanksgiving despite cdc warnings not to do so as the pandemic spikes across the country. now they are headed home on what's expected to be one of the busiest travel days of the year. ♪ and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service you can trust. >> singers: ♪ safelite repair, safelite replace. ♪ we've always done things our own way. charted our own paths. i wasn't going to just back down from moderate to severe rheumatoid arthritis. psoriatic arthritis wasn't going to change who i am. when i learned that my joint pain could mean permanent joint damage, i asked about enbrel. enbrel helps relieve joint pain, and helps stop permanent joint damage.

the move by secretary steven mnuchin is at odds with federal reserve which said it would prefer fulluite of emergency facilities to continue. >> reporter: we are live in san jose with reaction to broad statewide curfew announced yesterday. lots of do's and do notes with this curfew but no mention of enforcement. this is a so called limited stay-at-home order that affects purple tier counties only that goes into effect from 10:00 p.m. to 5:00 am and will last one month. you are supposed to avoid gathering people from outside your household within the nighttime hours. it goes into effect tomorrow night saturday november 21. this is to keep you from mixing with people outside of your bubble late into the night when folks are more comfy, masks come off, and people let their guard down. yesterday's announcement caught a lot of people by surprise including law enforcement. san jose police department said we are going to focus on education as oppose the to citation. we will not be using this as probable cause to obtain persons during the curfew hours. sacramento sheriffs office will not be

when we secretary steven mnuchin to get it fixed, just simply didn't do it there's a lot of people that glad when he's no longer in his office, in his position the program has been a miserable failure and the money sits there and goes unused. >> why do you this i nk your industry doesn't have more friends on capitol hill? and how many of these hotels as well are kind of the big brands we think about with big publicly owned companies who we know and who have told us, we've spoken with the cceos who say we have solid financial backing, we're fine and how many are small businesses who aren't going to be fine? >> we have a lot of friends on capitol hill on both sides of the aisle. the problem is politics always destroys what most of us see as common sense whether it's us, the restaurants, theaters, live music, all of it getting destroyed right now. politicians seem to be more concerned about their elections and now counting elections and a couple of senate races in georgia they're more concerned about that than getting their jobserve that frustrating the question about the size of these com

and steven mnuchin set to put $450 billion in unspent c.a.r.e.s. funding into the agency's general fund. this would mean that the biden administration would mean authorization from congress to access it, most of the money had gone to support fed emergency lending programs and you're up-to-date. >> all right rahel, thank you and staying d.c. related news, president-elect joe biden's transition continuing to come together, the white house clearing the way for biden to start receivinging daily top secret briefings, this has president trump reportedly plans to travel to pennsylvania today for a meeting with state republican lawmakers trump is expected to appear alongside rudy giuliani who has been leading the campaign's long shot legal effort in several states to reverse election results. his visit to gettysburg is not listed on the president's public schedule tracie potts is joining you with more what do we know? >> reporter: well, keep in mind that pennsylvania has certified those results, so we'll see where those meetings go and if they have any imp

. >> tuesday, treasury secretary steven mnuchin and drumheller testify before the senate banking committee. watch live coverage of the hearing tuesday on c-span3, span.org or the listen live on the c-span radio app. --on the c-span radio app on-demand at the span.org or

of that because i was on the negotiating team and spent a lot of time with my then-counterpart steven mnuchine negotiation of the new nafta it seems to me that what we have an opportunity for north america to continue to be successful in trading together i see the opportunity for that to continue. the nafta- the new nafta, what we did is created a sense of stability. obviously, that's important for businesses to continue investing. as we come out of the pandemic, i expect we'll see continued investment on integration of north american supply chains that's the goal. it will be positive for all of our citizens by raising our opportunities for growth >>> stay with us coming up on the show, president trump and rival joe biden hold a flurry of events in the king swing states of pennsylvania and an intense weekend of campaigning ahead of tuesday's election >>> welcome back to "street signs. according to a key indicator from research firm cfra. the study found the sitting president or the party has lost nearly 90% of the time when the s&p falls in the three months leading into the vote. this year th