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your colleague tim ryan was just on told john berman maybe that's something to look at, but when we lookhow this bill passed in the house without republican support, how confident are you that there could be republican support in the senate, even if this is broken down into smaller pieces? >> i'm not confident that there will be any republican support for it in the senate and that's the difficult part. now, we could do what some of us actually supported doing in the house, which was basically to focus on three or four significant provisions, one of them being as tim ryan said extension of the child tax credit, early pre-k but whatever we choose and live to fight another day, but that's a possibility but you know, the reason we were in the position of having to cut back the duration of some of this funding for certain elements of the plan was because joe manchin made us so he made us go from originally $3.5 trillion to half of that and we'll cut back the duration of the funding. now he complains about the fact we cut back on the duration of the funding. so again -- >> sorry. >> go ahead,

tim ryan , peta bc chairman, will be joining bloomberg -- tim ryan, pwc chairman, will be joining bloombergbloomberg. ♪ let's check in on the bloomberg first word news. a new study says two doses of pfizer and astrazeneca vaccines induce lower levels of antibodies against the omicron variant. researchers at the university of oxford said it increases the risk of covid infection and underscores other findings released by the british government that emphasize the need for booster shots. the governor of california once to view the spring court ruling -- cal for you wants -- california wants to view the supreme court ruling on the texas abortion law is a model for guns. opec says the impact the omicron variant is expected to be mild and went last long. the forecast means opec and its allies won't create a big surplus when they proceed with plans to increase oil production next month. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. that was bloomberg first word news. i find it interesting opec said that

tim ryan. who is really hammering on the global supply chain issues.e've brought on ourselves by letting manufacturing go overseas. getting tough on china. bringing manufacturing back. talking about the value of hard work. i also think time for a lot of these things to improve so we just got to -- we just got to, you know, improve things and talk about things in the right way and get some things done for people. >> it's interesting. tim ryan is one of those people who were actually talking about all this before talking about all this was cool. look back at the democratic primary in 2020 and you can see did -- yeah, you can see adjust that. thanks, really appreciate it, brian. >>> out front for us next, our elle reeve revisits the deadly unite the right white supremacist rally in charlottesville and what she found out may surprise you. you booked a sunny vrbo ski chalet. with endless views of snow-covered peaks. ♪ ♪ a stove that inspires magnificent hot cocoa. and a perfect ski-in ski-out. but the thing they'll remember forever? grandpa coming out of re

and how to win back the swing voters they seem to have lost over the past year is representative tim ryanfrom youngstown, ohio. congressman, good to see you. happy new year. thank you for joining us. as you know, one of the key political stories of the past year was the shellacking democrats took in rural areas, in swing districts, virginia, new jersey in particular over the last year. your home state of ohio has swung pretty hard toward republicans in recent years as has your home district mahoning county. what do democrats need to do to win back some of the disaffected voters? >> we have sherrod brown here who won in '18, won a couple of supreme court races in the last couple of years. we focus on the pocketbook issues, rebuilding the middle class, rebuilding the united states and beating china, that's the competition we have, john. the relationship with china, the investments they're making, they're rebuild, putting 7% to 9% of their gdp in infrastructure. we have a big fight here to do 1% of our gdp in infrastructure rebuilding communities. if we stay focused on tax cuts for working f

so joining me is tim ryan from ohio. congressman, thanks for being with us.u feel about senator manchin this morning? >> well, i think we're all pretty frustrated. this is essential for our people. this was the greatest investment in a generation to rebuild the middleclass, the great american middleclass. really straightforward. i don't think it's hard to explain to anybody about, you know, cutting taxes for working people, universal preschool, helping seniors with hearing aids and glasses. this is a very frustrating moment. we have to come back in january and get some of this done. >> in the white house put out a scathing statement on manchin. if his comments recommend an end, it is a breach of his commitments. i mean, do you think senator joe manchin is a liar? >> well, all i know is the president in our house caucus said we would get this done in the senate. so that was the extent of our access to that conversation. but, look, we've got to extend these tax cuts. we have tax cuts for working people, first time we're actually cutting taxes for families as op

of this demented spectacle was getting the chance to heckle mccarthy like when ohio congressman tim ryanim from the back, "keep going, no one's listening. [ laughter ] and then yesterday mccarthy went on one of fox news's most deranged shows, with maria bartiromo, to be congratulated for going off the deep end, while whining about democrats interrupting him >> congratulations, how is your voice after doing eight and a half hours speaking? >> you know, my voice is still strong because it's still strong for the american people. you know, when i went to the floor i had no idea we would speak that long. it wasn't about breaking the record it was about breaking down this bill and the amount of heckling that they would try to do to stop me from being able to talk. >> seth: "i never thought i'd talk that long, but right before i went on the floor i got this very jarring news about baby carrots. [ laughter ] this guy is such a goober. he sounds like a substitute teacher complaining to the principal that his high school class won't stop chucking things at him "i got hit with a spit ball, a paper

. >>> okay coming up in just a moment, from vaccine mandates tim ryan is going to join us to talk aboutork will look like in 2022. before we head to a break. take a quick look at the markets. we're up across the board. 56 points higher on the nasdaq and s&p 500 up about 11 points right now. "squawk" returns in just a moment this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and mat

bay area this evening, but not before creating dangerous and even deadly situations we have tim carjar, ryan curry is on the peninsula where two people were killed after driving through a flooded area and laura anthony is tracking the conditions on the roadways. that's all coming up, but let's begin with abc 7 news meteorologist, sandhya patel for the very latest on the condition sandia. yeah, dan. let's take a look at a picture right now because while most areas are in a break, it's still a slick out there on the golden gate bridge. we do have still some spotty showers live doppler 7 showing you a quiet picture is certainly wasn't like that earlier in the day when we had those downpours this morning. it's a light level one system that is still producing snow in the mountains. i want to show you a timeline of what you can expect six o'clock. couple of showers dotting the bay area really picking up as we had towards ten eleven o'clock tonight, and then the intensity comes up 4 am to 7 am tomorrow. we'll have some brief heavy downpours speaking of look at these rainfall totals in the last 24 h

bay area this evening, but not before creating dangerous and even deadly situations we have tim carjar, ryanhere two people were killed after driving through a flooded area and laura anthony is tracking the conditions on the roadways. that's all coming up, but let's begin with abc 7 news meteorologist, sandhya patel for the very latest on the condition sandia. yeah, dan. let's take a look at a picture

i am interested to see -- tim ryan could be a strong democratic candidate.put ohio back at least within shouting distance towards becoming a state that's kettive. >> i admired hill billy he willgy. i read it. it is one of the sort of overeducated republicans who is playing a trump act light to win this primary. what do you make of the combination of cynicism and -- i don't know. just cynicism? >> well, it is going to be another test of whether the truth matters at all. you see mark meadows basically writing in his book that trump tested positive. now he's saying my own book is not true. jd vance is in a long line. there are dozens of them unaring this time who are claiming they were always for trump despite their own words saying others. whether there will be accountability, i have questions about that, whether there will be accountability. but i think it is a fascinating test. i think that probably -- if there is real money behind it is a very effective ad in the republican primary. >> donna, i want your thoughts on this not as a phenomenon because i think

ryan miller, tim curran, mark freedman, chloe stretching, bruce williams, joanne na preston, meredith fernando, lizzy yang, andrew seger, dominic torres, flojerem hochman, claudia pedala, laura gattini, merle daly, betty salinas, dean baxter, jimmy marsek, mike stein, january rappa, michael chen, christine cast co, paul cutting, paul bernius, sean clark, jamie yost, and our fearless leader, executive producer, l.z., for which this show would not be possible without you. we appreciate all the work that everybody is doing trying to keep us on air in the middle of this global pandemic, and thank you to our viewers. we will see you back here monday. happy new year. "new day" is next. when you have xfinity xfi, you have peace of mind built in at no extra cost. advanced security helps keep your family protected online. pause wifi whenever for ultimate control with the xfinity app. and family-safe browsing gives parents one less thing to worry about. security, control and peace of mind. with xfinity xfi, it's all built in at no extra cost. ♪

tim: we just spoke to alex ryan, and i asked about price increases.ut from fuel in wages, they are not planning to raise prices. this is a different category, we are talking $80 bottles of wine, but one-size-fits-all that does not fit all 42022. i don't want to call them junk bonds, because i know taylor could be watching, but we are having a rally at the end of the year, beating most other parts of the fixed income market. let's bring in olivia to see what is happening and if this rally will continue. live, for lack of a better terms, our junk bonds having a moment? olivia: the bloomberg high-yield bond index is up almost 2%. it is on track for the best monthly performance in more than a year. the driver for that has been limited activity in the new issue market. that slow down in new bond sales is driving investors who are looking to add more risk to their portfolios into the secondary market to buy bonds. kriti: in high-yield bonds, how much of that outperformance has been driven by those ccc energy bonds, in line with what you are seeing in the co

mountain, which is the ad agency that acquired ryan reynolds is going to join us along with peloton's global head of marketing to talk about all of this. timon >> first of all, have you guys just ruined the ending for me? i'm worried about this >> don't even. >> it happened in like the first five minutes of the first episode. >> all right all right. >> it is a mini spoiler, not a big spoiler. >> all right fair enough. look, ryan reynolds, yes, stud what can i say i think this is a story where, you know, the question is, is peloton go pro we tried to sell this as more than a hardware story. i realize the subscription revenue makes it different but we are down to april 2020 levels on the stock i don't think it is going to stop here. >> i keep shopping for a discount one on facebook i'm not saying i'm cheering for it to go down but the prices are still pretty high. when we talk to peloton next hour, it will be their first public discussion of this with the cmo. stay tuned >>> morgan brennan, danielle shay, tim, thank you very much for rapid fire today >>> coming up, this stock had a rough year, down 15%, but goldman just made it one of the to

ryan reynolds is just a genius, and peloton was smart to lean in on it. >>> $3 trillion could be something. >> when tim0 billion. now, fast forward and apple's approaching a remarkable milestone, about to reach $3 trillion in market value apple has become the world's most valuable business and morgan stanley's katie huber respect who recent his raised her price target reminds us it's not just the iphone. wearables and accessories now a $38 billion business now nearly $ 0 billion annual revenue, business doubling over the last four years. there's, of course, a lot of hot talk about what could be coming next gene muenster with a mixed-reality headset is on the way, allowing users to immerse themselves while also interacting, muenster bets that new product is unveiled next summer, and launching in 2023. by the way, muenster just raising his price target to $250 andrew, back to you. >>> so, what do you think? how many years to get to $4 trillion >> you know, i'm not sure, andrew our a yes, sir are thinking about how to get to $4 trillion i think it's going to stick to at least an intermediate term. i saw t

many questions when first tim cook took over, will apple have the innovation, will apple grow post steve jobs and has done a pretty good job, hasn't it? >> i say so. maria: yeah, ryanock. what is he doing here? the stock is down this morning. he also says tweets do not have much of an impact on markets an investors should not pay attention to his tweeting. ryan, tesla shares down 1 and a half percent right now. >> first up, let's put this in perspective. he sold about $12 million worth of tesla stock in two months. he still owns $180 billion worth of stock, you know, 72% of net worth. so a lot of this is prearranged, some options that he had to say and raids money for taxes. his tweets are wildly. there's no getting around that. but the bottom line is look, if anyone is all or nothing, it's got to be elon musk, right. i think bottom line he owns a ton of the stock, to put it in perspective, jeff bezos only owns 10% of amazon. for all those reasons i would say that elon musk is probably great believer in the stock, one of the most confident, maybe delusional ceo's of all time, bottom line i don't think it's a big deal. i will say this, this goes back to what denise