i'm tom mackenzie.his is bloomberg daybreak europe, and these are the stories that set your agenda. variant concern, a new strain identified in southern africa sparks flight bans and warnings from scientists. stocks and treasury yield slump as investors flock to safety. china escalates its crackdown. a bloomberg scoop reveals beijing asked dd to do list from u.s. exchanges in what would mark its most severe action to date. plus, it's not just a red friday. it's black friday, too. will supply chain snacks and price snares mean this deal failed to impress? you are seeing heavy selling, a very significant risk off move in the markets today. and we want to focus in on what is behind this. it is this variant that is emanating out of southern africa. we have a terminal chart that shows what is happening on the ground. and since the rate of infections and the gap between the infection rate and the vaccination, and this has always been the morning from epidemiologists, that if you have a proportion of the popul

i'm tom mackenzie in london. jamie dimon regrets saying his bank is likely to outlast china's communist party. in a statement, he was trying to emphasize the strength and longevity of the company. it is the latest in a string of provocative remarks he has been forced to walk back. david scanlon is our asia senior finance editor. it did not take very long for jamie dimon and the team to walk back these comments. what was your take and response? >> about 18 hours, to be exact. sometimes, humor just doesn't travel, or gets lost in translation. he was trying to show the resilience and strength of his great u.s. bank, around for 100 years. it was also clearly seen as a shot at the communist party. and you know you don't joke about the communist party within china. so advisors, as we have reported -- maybe not quite an apology, but regretting that those were not appropriate comments to be making about a government or party. tom: so far, it seems the reaction in china has either been nonexistent or very muted. what is t

i am tom mackenzie. this is bloomberg daybreak: europe and these are the stories that set your agenda. protests in europe, some of them violent. those happened over the weekend. we have seen new measures being put in to place as well across the euro zone. jay powell and lael brainard find out who becomes the next fed chair. we know of course who is the fed chair. it is jay powell. he has been renominated along with lael brainard who has been renominated as the vice chair. we will see how your nominations pass through the senate by lawmakers in washington. jay powell is expected to be cleared relatively easily. we are also talking about oil of course. we have this class being set up between opec-plus and the biden administration as the u.s. and its allies in south korea but also the likes of china and india as well look to release their reserves as opec-plus is pushing back on that. i want to point to what is happening with the single currency. the euro-dollar on the back of the news that fed chair jay po

tom mackenzie, very precise. rubenstein was a successful lawyer who was an advisor to president carter, he now sits on the boards of top institutions. he has also found the time to publish two books and hosts his own tv show which airs on bloomberg tv. dani burger is sitting down with him ahead of his appearance at the superreturn international summit. over to you. >> thanks so much. i'm really pleased to be here with david rubenstein, cofounder of carlyle group and host of the david rubenstein show. david, thanks so much for sitting down. i know you have a busy day ahead of you. you are giving the keynote speech tonight. i don't want you to front run it. but can you give us a little taste for the people here at this conference, the titans of the investing world, what is the number one question the need to be asking themselves? >> right now, when you think about it, this conference was held two years ago, if you had known two years ago we would go through covid-19 as bad as it was and an economic recession as bad

inflation and the price story around it, and what comes next for his company in a conversation with tom mackenzietion is a factor. we see it happening with all the dry goods. it has been increasing. it is not new for us, because demand is potentially stronger than the offer. we have seen price increases, starting even earlier than this. i think it will last for the coming year, for sure. it's difficult to protect us further, but we see strong inflation currently. it's not the only impact this year as we have secured contracts for the whole year, but it will unfortunately impact us next year. at the same time, we believe it is manageable. we are on the high end. we are not a sensitive to prices. there are things we can do with prices. but it is a reality. tom: we saw margins increased, does not tell us you are passing the cost on to the consumer, can you preserve margins? eric: we do not necessarily welcome the pricing directly linked to cost, but it has an impact. it is a consequence of everything we do to keep attractive, the quality of our products. so we have a price positioning plan. it's not

paul: that is enel ceo francesco starace speaking to francine lacqua and tom mackenzie.tralia often gets a bit of heat for its record on climate policy. now we've got a few numbers to pin to that. a government report from the department of industry, science, and energy and resources shows the cost of capital increasing if australia has no net zero policy of 100 basis points. if it has no net zero policy and is the only country -- yvonne: that line was buried in a whole bunch of language. our team found it. it is the first time they are tying climate change to sovereign credit risk. it is the first time some say they have seen it on print. it goes to show how investors are looking more into this, that these green bonds have this g reen premium, able to keep borrowing costs cheap. that makes it have more market implications. australia at the top of the list when it comes to that default probability by 2050 if they see that disorderly transition scenario. you have australia, south africa, poland, and japan ranked fourth as well. paul: greenium. [laughter] on the subject of

i am tom mackenzie and this is "bloomberg daybreak: europe."sts in europe, some of them violent, spread as new lockdown measures come into force amid rising covid cases. powell and brainard find out this week who becomes the next fed chair. and calls for faster tapering. u.s. intelligence has detected a buildup of russian troops and artillery to prepare for a rapid , large-scale push into ukraine. we will have the details. the top story very much of course the policy response to these rising covid cases across the euro zone. this chart will tell you part of the story. 250,000 cases is the seven day average now in europe. that compares to 80,000 in the rest of the world, and it is that reason we see reaction in parts of the euro zone. it doesn't tell the whole story. testing rates are very high in europe, that accounts for some of this. vaccination rates relatively high as well. but clearly there is enough going on to concern policymakers to take drastic dubs -- drastic steps. what has been happening in asia? the msci asia pacific is now 2/10 of

he spoke earlier with bloomberg's tom mackenzie. >> in an environment where customers are seeing energyrices increasing rapidly, but unfortunately also the scarcity of what is hitting us in the supply chain, as much as we are doing everything we can to eliminate those risks, we cannot be all affected by it, and that is what we see right now. alix: for more, i would to bring in the head of gas and power for europe for bloomberg. they can't get the bids from china for the solar panels. put this into context for us. >> it is ironic that when world leaders are actually meeting in glasgow, talking about how to reduce emissions, you see this big hit to renewable energy, and wind turbines especially are becoming early expense of to make, so you have the outlook where the order flow still looks quite good. there are a lot of order flows, but the turbine makers are taking a big hit, suggesting that oil prices are going up, commodity costs are going up, but actually, getting things transported around the world has become a lot harder. guy: as you say, the demand story is superstrong. is it some t

guy: remy cointreau ceo eric vallat speaking to tom mackenzie. the stock is up.et much better than this. the analyst community loves what it got from remy. the outlook is positive. joining us to talk about this is duncan fox with bloomberg intelligence. duncan: excellent numbers. they had kept guidance a bit low. clearly it is working because very strong and the price is excellent. guy: is it stable? duncan: it should be. it will not be as fantastic as it has because coming into stronger comparables into the staff this year on. what they're trying to do is trade the price curves. it would certainly do volume growth 2% or 3%, which is what they were trying to do before. provided they could keep costs other control they're doing a very good job of that bar increased advertising, they will still get great numbers. guy: in terms of what is selling where, there were making the point that four is doing business, aside from that what is working? duncan: pretty much everything. cognac is doing exceptionally well in china and the u.s., and those are the key markets. quant

high in the coming months , you have supply chain companies -- this exclusive interview with our tom mackenzieook. >> neutral alcohol is plateauing today but we've seen price increases earlier than this. i think it's going to last for the coming year for sure. david: if you're having one right now, have another one, that is if you are not driving. annabelle is here. >> chipmakers macron and united electronics have several -- settled a lawsuit over intellectual property. an undisclosed amount to settle all claims between the companies globally. one was accused of stealing and liking -- and leaking to a chinese partner. micron said it will continue to seek full restitution in a separate civil lawsuit. blackstone has reportedly begun direct discussions over its crown resorts bid with its largest shareholder. the australian newspaper says he is late to make any public commentary about the -- has yet to make any public commentary about the offer. amazon is trying to delay a takeover with a fresh legal challenge. amazon alleges 1.5 billion dollars was diverted away from -- including to a company own

tom: what is fascinating about this, at mackenzie bain, every single mba wonk this morning is saying, do we need to do what culp has the courage and inspiration to do this morning? jonathan: where how late they already doing this. tom: you could say late in terms of decades and decades of failure. there's no question about it. bu c -- but culp is delivering the goods on a plan that goes out to 2023. power of this breakup doesn't happen until 2024. jonathan: the stock is up by 13.5% now. let's get to the broader price action on the s&p 500 come up a couple of points on the s&p, advancing 0.04%. a lift on the nasdaq 100, up 26, advancing 0.16%. you want to do the dow? tom: no, i did it all through the morning yesterday. jonathan: on your own, talking to yourself. tom: i do my own data checks at home. jonathan: i can see that. your focus on real. lisa: i am focused on real yields going to a record low on the 30 year. also focused on the image of tom keene giving a data brief to vet bill every hour on the hour at home. 8:30 am, focused on input prices for factory makers for manufacturers.

but they have decent inflation hedging built in >> tom, we often talk to you about bitcoin and your year-end target was 100,000 we just heard from mackenzieprice of the crypto currency today i wonder if you think this was already priced in. obviously, huge moves over the last few months or what to you make of it if not this, what is going to push bitcoin higher >> bitcoin's future is really based on adoption by more users and worldwide there might be 200 million total users of crypto and bitcoin. you know, $7 billion so, i think it's still got exponential growth ahead but things are just a reminder that bitcoin isn't static in its evolution and even though the supply is fixed, the utility could actually increase. so, i just think this is really sort of setting the stage for more applications to be built around crypto and blockchain and bitcoin is extremely secure. i don't think bitcoin will become the world computer but really the store value and a way for people to securely move things anonymously without trusted counterparties that's the value and i think taproot is helping that. >> just 100k by year end your targets is unchanged. >> ye