u.s. commerce secretary, gina raimondo, here for an exclusive interview. as well by bloomberg "balance of power" anchor david westin. david: thank you for joining us forget first of all, congratulations. we talked about it before. it could not have been easy to get done. my first question picks up on what we just heard, that you did not just take the tariffs off. it is more complicated than that. why did you do it that way, and how much of that was to make sure we didn't hurt jobs back here in the united states in steel and aluminum? sec. raimondo: good morning. thank you for having me. of course, we want to have a strong relationship economically with the eu, but we have to protect u.s. industry. we have to protect the u.s. steel industry, steelworkers, the aluminum industry. so we maintain the tariffs, but we also allowed for the first 3.3 million metric tons of steel to come into the u.s. from the eu terra free -- eu tariff free. beyond that, we maintain the tariffs because the real problem here is china. china's dirty steel, their excess capacity of st

u.s. commerce secretary gina raimondo. coming up, inflation looms large. and c.p.i.ata coming out and what analysts are expecting next. next. dani: welcome back to "bloomberg daybreak: europe." i'm dani burger in london with mark cudmore in singapore. annabell droulers over in hong kong. vonnie: hey, dani. island -- introducing some covid restrictions as it gray wells rising hospitalizations. prime minister mikhail martin says people should work from home where possible and cinemas and theaters will now require proof of vaccination. meanwhile, a report says u.s. reck lators could authorize wiesters -- beasts -- boosters for all adults by the ebbed of the -- end of the week. hock could be -- u.k. prime minister boris johnson is proposing amendments to parliament should be banned from taking paid political consultancy work. this as he tries to draw a line in two weeks of damaging headlines for its ruling conservative party. the plan of a dramatic reversal from johnson's position when he entered -- ordered his m.p.'s that blocked the suspension of a fallen minister. the

u.s. commerce secretary there.e looking at world leaders as they present their plans for climate action, banks, asset managers urged to do more. we discussed this with the ifc's regional director kim-see lim. this is bloomberg. ♪ >> we have started to see climate risks becoming a key prudential risk as identified by regulators. >> our clients are demanding this, our investors are demanding this. the politicians of the world are demanding this. >> the money is laid on the street surface for us, put it to a project. >> there is a lot of opportunity to make sure the green finance happens. >> all of this ambition is going to collide when the system is unable to observe it -- absorb it, unless these companies are given the tools they need to succeed. >> alignments with global standards will be key, both for banks that stand willing and able to finance this transition, but also for clients. >> as we underwrite them, one of the risks is do they have a plan that meets the standards the world wants them to have? if they don

u.s. commerce secretary today. because it's impacting on all countries and especially in the indo-pacific and we were talking earlier about inflation pressures. well, it's one of the things which could add to inflation pressures. so i think all of us need to put our heads together and work out what we can do to address these current condition issues and it's probably going to be at its key more investment. haslinda: minister, thank you very much for your time today. glad to have you in my city. dan: a pleasure. haslinda: australian minister for trade, investment and trade dan tehan. yvonne: we were talking about all when it comes to supply chains, inflation, the new economy form that's -- forum organized by bloomberg media glue, a division of bloomberg l.p. the parent company of bloomberg news. a quick check of markets. pressure when it comes to risk assets on the back of that dollar strength. we've continued to see that bloomberg dollar index prettied -- veapted -- elevated so stocks, commodities and bonds are all

u.s. commerce secretary gino raimondo says china needs to live up to its commitments. we'll hear more of that interview from our new economy forum next. this is bloomberg. bloomberg. tom: welcome back to the open. we are 19 minutes into the european trading day. the benchmark stoxx 600 holding on to gains of .1%. still at record levels after a very solid close for wall street on the back of those better-than-expected retail numbers. the economic data out of the u.s. holding up it seems as concerns and amid concerns that inflationary pressures will linger. and of course we heard from james bullard suggesting that the fed should speed up its taper. the handover to asia was more mixed and lower in japan. essentially flat over on mainland china. investors there are weighing up some changes on the regulatory front. the futures have turned positive in the u.s. gains of almost .1%. in terms of the sector breakdown in europe the gains at the top of the list industrial goods and services getting .3%. modest gains there. travel and leisure down by about .is 1%. china, we heard f

u.s. commerce secretary says a truce between washington and the yuan metal tariffs -- and the eu on metal between the states. we were spoken to exclusively about the deal. >> of course, we want to have a strong relationship economically with the eu, but we have to protect u.s. industry, the u.s. steel industry, steelworkers, the aluminum industry. we maintain the tariffs, but we also allow for some amount of pretrade. the first 3.3 million metric tons of steel will come into the u.s. from the eu tariff free. beyond that, we maintain the tariffs. the real problem here is china. it is china's dirty steel, the excess capacity of steel that has distorted the global market through their bumping, often sending it into the eu, which comes on to american shores. what we said is we are not going to do that. we are not going to allow our steel industry to be heard chinese excess capacity, and we are going to work with the eu to protect our workers and their workers. >> to pick up on china, how important was it that you basically band shipments of steel coming from china into europe and then into th

u.s. commerce department's list over national security and foreign policy concerns. china says the move hurts both countries and the global supply chain. china's foreign ministry warned germany's incoming coalition not to meddle in its internal affairs, to respect the so-called one china policy when it comes to taiwan. a chancellor in germany unveiled an agenda that includes surprisingly strong language on china over human rights, and its grip on hong kong. australia sending troops to help curb violent protests linked to the solomon island's diplomatic change. local reports say a 36 hour curfew has been imposed around the city's chinatown. britain and france swapped reclamation's over the death of 27 migrants after their boat capsized in the english channel. prime minister boris johnson accused france of not doing enough to stop migrants to get to the u.k. from northern france. in reply, the french interior says britain has used workers as an incentive to migrants. those are your first word headlines. paul: next, new zealand leading the charge with global stimulus wi

u.s. commerce secretary gina raimondo wants china to follow through on their pledges to buy more american ts. we spoke to ray mondo -- to raimondo at the u.s. -- at the bluebird economy for them in singapore -- the bloomberg economy forum in singapore. >> they need to live up their commitments. the so-called phase one deal, they are not doing that. they are not living up to their commitments. ritika: she also said there needs to be greater transparency in the sims inductor -- the semiconductors apply trade -- semiconductor supply chain. 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. i'm ritika gupta. this is bloomberg. guy: thank you very much, indeed. let's get back to the retail story and talk more about it. target taking a bit of a tumble today. it feels sillier because we got a similar story from omar yesterday. it is warning that cost pressures are starting to escalate. the cfo is talking to jon ferro a little earlier on. this is what he had to say on this very matter. >> i would not use the

u.s. firm that runs e-commerce stores in china. he also previously served as u.s. rsecretary of commerce for international trade. frank joins us now. great to have you on the program. a lot to go through with you. as we head into singles' day, setting up e-commerce for foreign companies in china, how has the way you have done business changed in the ease or difficulty of doing business as china has increasingly put regulation on the internet sectors? >> first, thanks for having me on. it's great to be with you today. the challenges are hurdles of running the e-commerce store in china, the single greatest boon to the market over the last year , single greatest impact not surprisingly has been covid. people are less able to go to shops and stores or arm less inclined to do so. so there has been a huge run-up of e-commerce in china as there has been in the u.s. and other countries around the world. the chinese government is not opposed to the nikes or the procter & gamble's of the world or coca-cola operating e-commerce stores in china. they are fully on board. manus:

u.s. commerce secretary geno raimondo says the lack of chip production is a security threat. she made these remarks at the white house press briefing. it's about an hour. >> good afternoon, everybody. i'm all by myself up here. ok. so we have another special guest joining us today, commerce secretary gina raimondo who is here to highlight how the bipartisan infrastructure deal will help close for 30 million americans who do not have access to reliable high speed internet particularly in minority and rural communities. as you all know, the secretary is a member of the president jobs cabinet who was deeply involved in negotiations on the hill that culminated in the bipartisan infrastructure deal, a once in a generation investment in our nation's infrastructure and competitiveness, today the secretary will discuss the roles of the department of commerce in implementing this bill to build up broadband infrastructure. this will deliver for the american people by teaching digital skills, getting kids the devices they need to succeed and improving overall accessibility and affordabi

u.s. e-commerce ability to be selling their goods, notably also, doing a share buyback to the tune of $1 billion. keep an eye on that stock. we will be talking more about the world of cryptocurrencies and nfts. christie's passes $100 million in nft sales. we will discuss the rise of nfts without a guest, the head of christie's digital sales. this is bloomberg. ♪ romaine: welcome back to "what'd you miss?" we are focused of all things nft nyc. we are talking about how nfts in a lot of ways have become art and a lot of people are capitalizing. credited tarantino has become the latest celebrity in this market. taylor: i think i need to go back and watch "pulp fiction." i am usually more of a -- caroline: nonviolent? taylor: a bit of more of a nonviolent kind of girl. but this is really cool. they will auction off seven never-before-seen scenes as nfts. each will contain secret content only revealedable to the owner. and the tokens are built on a secret network, caroline. romaine: i am going to guess, a lot of guns and violence. caroline: meanwhile, let's talk about how -- we are aging ourselves --

u.s. commerce department says inflation is surging at its fastest rate in 30 years, and with thanksgivingeks away we're all feeling the pitch. cnn's vanessa yurkovich is in iowa talking to residents there about how rising prices are impacting their wallets. vanessa, what are people telling you? >> well, ana, as you can see just behind me, over $3 a gallon for gas. that is what iowans have been paying for about a month now, just one of the rising costs they are facing ahead of this holiday and winter season. there's a chill in the air in iowa. winter is coming. >> it's coming. so we put the fireplace on and get a little pete that way instead of turning the furnace up. >> that's because heating bills for many iowans could nearly double this winter. a warning from the state's largest power provider mid-american energy. >> we're all hard working middle class folks, so, you know, we can't go too far out of our means to make ends meet, but you've still got to eat and live. >> on wednesday the u.s. once again woke up to sticker shock, cars, gas, energy and food, just some consumer goods that ros

u.s. secretary of commerce. coming up next, bitcoin seeing its biggest drop since september.ad-based retreat from recent record highs. the analysis just ahead. this is bloomberg. haidi: bitcoin whip starring below $60,000. that's bring in our guest for more. we have seen previously the pullback. >> there could be. it is hanging above the key $60,000 level, above the 50 day moving average. we had a couple of things yesterday. the infrastructure bill which has some taxation measures, news out of china they are continuing the crypto crackdown. nothing super unexpected but enough after a decent run up to take the space down a little bit. shery: what is the next technical level we need to watch out for? joanna: i would say the 50 day moving average is pretty key. that is also watching either. either is above it. more broadly, the crypto space is down 6% to 8% over the past 24 hours, and crypto is so volatile that is not a huge amount relatively, but it definitely is looking somewhat fragile and there were some leverage being taken out. definitely watching the downside right now to

u.s. commerce secretary in washington. another busy day when it comes to earnings.apan, the bank is restructuring after losing billions of dollars. and the mood among japanese margins at its highest in seven years, business people are welcoming a sharp decline. and we will be watching nissan, and raising its outlook. >> we continue to watch that grace period for coupons. and electric vehicle disary. disary and we have recently seen shares are doing pretty well in terms of the reception of two models of their car brands being included. there has been perhaps a little bit more positive momentum and they will be raising 500 million hong kong. the company saying they are using those funds to go into production for new energy vehicles within those groups. we remain and so, what is driving this? >> this was a positive surprise. nissan reported a profit and a forecast that was above estimates. and behind that, there is concern with nissan because it hasn't been opened how much it was losing to trip shortages that are hammering production in the auto industry right now. tho

u.s. commerce department added around a dozen chinese firms to the blacklist for what was called engagingsecurity or foreign policy interests. a warning for silicon valley from the u.k.'s top data protection watchdog. the office says that google, apple, and others are working to rein in tracking practices. the director says many of the new proposals are privacy positive, but says they don't fix some fundamental issues. a new government review has a warning for english soccer. it says there will be more financial chaos and less money -- chaos unless money filters down. endless soccer teams have ended up in administration 62 times in the past three decades. 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. i'm laura wright. this is bloomberg. anna: thanks very much. european equity market making modest gains this thanksgiving. we see that the u.s. equity markets are closed today because it is thanksgiving, so up next, we will linger on that theme. american households are about to eat the costliest th

u.s. commerce department entity list over national security and foreign policy concerns. china's commerce ministry says the decision hurts both economies and supply chain. china's foreign ministry has warned germany not to meddle in its internal affairs. it is calling on the germans to respect the one china policy with regards to taiwan. this comes after the new chancellor released a statement with strong language about china. 27 migrants died after their boat capsized trying to cross the english channel. the french interior minister says the u.k. clandestine workers act as an incentive to migrants. yvonne: still ahead, we will discuss measures one woman is taking too narrow the gender pay gap. up next, why one analyst is staying bullish on the dollar while watching the yield curve. this is bloomberg. ♪ yvonne: the latest from goldman sachs. they expect the fed to tighten monetary policy faster than originally anticipated amid the rising inflationary pressures. fed officials are slowly subscribing to that view. let's bring in our next guest with the latest on that. i want

u.s. commerce secretary said a truce between washington and the e.u.ited states. >> of course we'd want to have a strong relationship economically with the e.u., but we have to protect u.s. history, u.s. workers, the aluminum industry. so we maintain the terror of but we also allow for some amount of free trade. the first 3.3 million in the deal will come into the u.s. from the e.u. tara free. beyond that we may pay the tariffs because the real problem here is china, is china's dirtiest deal that has distorted the global market through their dumping and they are also sending it into the e.u.. what we have said is we are not going to allow our steel industry to be hard by china's excess capacity. we will work with the e.u. to protect our workers and their workers. >> how important was it that you band transshipment sub skill -- still coming into europe and then on to the usa? >> the technical term is melt and pour. it's a big deal because we essentially said we only want e.u. to come in tara free. it's meant to work with our allies against chinese exces

u.s. commerce secretary wants to leverage 52 billion inch of funding. wants up to 200 billion of investment for private and public partnerships, and private capital. she also wants to digitize u.s. ports. in korean chipmakers are complying with the u.s. request for information. the report both samsung and sk hynix have submitted supply chain data, with samsung saying it excluded client related information. i also want to note that this a bloomberg intelligence report about investor anxiety over supply chain stocks says energy prices could be pulled lower with demand hitting energy prices and shipping rates in recent days. as you can see on the bloomberg, the baltic index also shows that sharp drop throughout the past few weeks. bloomberg terminal users can learn more about the stories in our newsletter, supply lines on and i trade nl. thank you -- yvonne: thank you. as we look at the semiconductors, it's not just the supply chain issues we have to deal with, it's also the talk about a&e and investing in the metaverse, and that's just a whole new realm wh

u.s. commerce secretary gina raimondo once a leverage $52 billion of chip funding, wants up to $200 billionthrough private public partnerships and private capital. she also wants to digitize u.s. ports. korean chipmakers are complying with the u.s. request for information. samsung on samsung and sk hynix have submitted data, including client-related information. sk hynix also right now confirming it has provided some chip supply chain data to the u.s. and also, this bloomberg intelligence report about investor anxiety over supply chain shocks. very interesting. it says energy prices cooled -- could be pulled lower with shipping rates in recent years. the baltic dry index also shows that sharp drop throughout the past few weeks. and of course bloomberg terminal users can read more about those stories in our newsletter supply lines. nl trade nl. haidi: shares of advanced micro devices popped after the company announced they won meta, formerly facebook, as a customer. >> this has been our focus over the last four or five years, to build up the capabilities in the data center. we see the data c

u.s. commerce secretary is here at this event. how great that the vice president was here. we need more.ca has to have a long-term presence in the region. there is so much opportunity in southeast asia. haidi: when it comes to the economic framework they are in, the u.s. is not joining the cpp bp anytime soon. i believe that we do have her comments right now. take a listen. >> -- haidi: so we don't have her comments. she said that a lot of people are wondering whether or not president biden would bring the united states back. her response is, not right now. there is criticism that the u.s. doesn't have a long-term vision when it comes to an economic framework that they can be part of. what do you make of that? curtis: there's a very valid point that you and others have made. the u.s. has to get back into the business of trade deals. they shape the framework where we can all succeed and move forward. the u.s. must first get its own house in order. that includes engaging with my fellow citizens. the government must engage with the american people about the importance of trade and be honest

u.s. ports affecting global commerce. a briefing on poor operation before delivering remarks. we will take you there when it happens. supply chain issues are a bad deal, just about everywhere. bitcoin giving up gains after popping to another record high today. crypto touched $69000 per coin as the high consumer inflation number triggered a flight into not just gold but crypto is a hedge against rising prices. right now we have bitcoin at 66727. pulling off today's highs, 66000, 700, ether hitting record highs pulling back to 701. i want to point out litecoin it is moving higher, 46% over the past three days. right now it's at $270.82. just as crypto adoption pushes into the mainstream the crypto association conference taking place this january in vegas will be adding digital currency as a brand-new product category. it is set to be centered around watching technology, and fts and crypto currency innovation. here on the historic add into make a major announcement about january show jerry shapiro, the organization behind cc

u.s. chamber of commerce and organized labor. special thanks to the united auto workers. pardon me. my wife is a member of the union. i will get in trouble. >> laura: the real question,what does corn pop think? the chaos may not report on much but the voters know what is happening want the havoc the biden administration causeed in 10 short months is astounding. he had a lot of help -- from the most incompetent white house team in history. that's the "angle." joining me is arkansas senator tom cotton. the biden administration created real chaos and yet they claimed trump was the master of government chaos of all time. >> yes. that's a good catalog you went through. biden surrounded himself with a team of incompetents and they are arrogant as well. what the american people are seeing is not like an accident. it's the specific design of joe biden and the far left policy. they want you to pay $5 a gallon for gas. they want you out of your truck or suv and right in a small electric vehicle or a bicycle or a scooter or whatever pete buttigieg takes to work this week. they want the border

u.s. secretary of commerce.ocus on the new economy forum in singapore getting some insider clarity on what is happening with supply chain worldwide. in the equity market, unchanged on the s&p 500. yields in about a basis point to 1.6319%. in the commodity market, $8.22 -- $80.22. euro-dollar, $1.1331. what a move we have seen. tom: the first and second derivatives are pretty abrupt and nicely out past two standard deviations. jordan rochester is scheduled to be with us. really looking forward to talking to the gentleman from nomura. right now in washington, jack fitzpatrick with us. i want to dovetail in our corporate earnings of home depot and particularly target in the signal of a boom economy. i know you don't care what we do on "surveillance," but how does a boom economy fold into the mix of the democratic party? the fact is, democrats like adversity because they say they want to come to the rescue. how does a democratic party do in an american boom economy? daniel: that is an interesting -- jack: that is an

u.s. secretary of commerce, gina raimondo is one of the speakers we will hear from. we get a preview of the first official summit between president xi and president biden. coming up next, the chinese property sector with developers, kaiser said to miss interest payments. we get the details next, this is bloomberg. ♪ >> credit markets focused on training starts across greater china today. bloomberg learned that some of kaiser group creditors have yet to see payment from last week. rachel, what do we know about the latest at kaiser? >> they had about 88 million do in payment last week. and some of the dollar bondholders they had not yet seen -- the dollar bond in question trended down. there is growing doubt about the company ability to pay their debts. the developer has 30 days to repay those interests for they go into default. that could be likely to show how their progress has been. -- how slow their progress has been. >> we continue to see that pressure among broader developers. as soon as china fell, property companies seem to be prioritizing debt servicing. >> th

u.s. chamber of commerce and democrat senator joe manchin saying democrats are using gimmicks and shell gamesen agenda may cost double what democrats are saying. what do you say to that? >> i think they're totally right, liz. we've seen scoring and modeling from other groups that basically say what democrats have done on the spending side, programs, they're pretending they will only last a year, maybe two years at most, like the enhanced child tax credit, instead of a four year duration. now they're saying it is only an extra year. we know that is not true. we know they're expecting all the programs such as increased subsidies for the affordable care act and so forth, will go on indefinitely. so what they're doing is pretending only a year of that, a year of the child tax credits. if you make those programs indefinitely, indefinite, what they hope to do, the cost of the billion goes to $4 trillion instead of 1.75. elizabeth: wow. our state taxes could go up to cover the cost of this if some of this expires. now the white house has bonn from claiming inflation is transitory, saying they can fi

u.s. chamber of commerce, the national association of manufacturers, the business round table representingthe largest corporations in america and other top businesses. i want to especially thank and i'm sure you all, as we used to say in the senate, point of personal privilege, i want to thank organized labor who understands it's about jobs. you all stood up. job, jobs, job, jobs. tharybl nangs to the afl-cio, autoworkers, united workers, plumbers, pipe fitters, building trade, steelworkers, who did i leave out? pardon me? and my wife is a member of the union, the nmple e.a. i'm going to get in trouble. there's so many more. look, folks, for too long, we talked about having the best economy in the world. we talked about asserting american leadership around the world. with the best and the safest roads, railroads, port, airports. here in washington, we've heard countless speeches and promises and white papers from experts. but today we're finally getting it done. so my message to the american people is this. america is moving again. and your life is going to change for the better. if you li

u.s. chamber of commerce, maybe they're the ones agreeing to this. owners we're talking to are deathly afraid of this. if you're 120 people manufacturing firm and you lose twee ent, 20, 25, 30 percent of your work force you can't keep operating. the reality is when you look at the what the answer was from these big companies or from the chamber of commerce, go ahead and charge the employees. i mean, this is ridiculous. on top of everything else that they have, they're suffering high inflation, doubling of gas prices, natural gas prices, now they're gonna what, spend another 30, 40, 50-dollars a week, and what happens to all those folks in rural areas? they're going to go tracking down a hundred mile to get their next covid test? it's absolutely ridiculous. we have covid cases are declining, we're getting closer and closer to herd immunity and we have therapeutics there. so the idea of grave danger which is what the department of labor is gonna have to show there's actual grave danger here we don't believe they have to hit that criteria. >> that makes

u.s. chamber of commerce. the national association of manufacturers. the business roundtable representing 200 of the largest corporations in america. and other top business. i want to especially thank, and i'm sure you all, as we used to say in the senate, i extend a point of personal privilege. i want to thank organized labor who understand this is about jobs. you all stood up. jobs, jobs, jobs, jobs. special thanks to the afl-cio, united auto workers, electric workers, iron workers. plumbers, pipe fitters and building trades. steel workers. mechanics. who did i leave out? pardon me? and my wife is a member of the union, the nea. i'm going to get in trouble. so many more. look, folks. for too long, we've talked about having the best economy in the world. we've talked about asserting american leadership around the world with the best and the safest roads, railroads, ports, airports. here in washington, we've heard countless speeches and promises, white papers from experts. but today we're finally getting this done. so my message to the american people

u.s. following a request from the commerce department. north korea also condemned the and artillery fire drill saturday after the u.s. and south korea held a five day joint air defense exercise. the south korean finance minister appeared in front of the -- appears in front of the parliament budget committee in the coming hours. in japan, a broad easement of covid border control measures allowing in students and business travelers. we are watching should say bank after -- shinsei. softbank groups announced its second-quarter results after the bell in tokyo. haidi: we are joined by our asia tech reporter in tokyo. what are we watching for? >> these days, softbank earnings are all about the vision fund, there humongous investment arm. the last quarter has not been great for softbank. record quarter after record quarter, three back-to-back. we have seen a slump in the past quarter. this one, we are expecting the results to be read because softbank has a large portfolio of public shares that include uber, doordash. pretty much across the board

u.s. economy, according to the commerce secretary, not only for tourism but also international business thergo is upgrading marriott and by the way, grady, tomorrow the president of marriott international is johning the "clayman countdown", so, everybody better stay tuned for that. thank you, grady. we've got oil pumping higher, and today's countdown closer has a very unique pick with an international flare that he says will help you add black gold to your portfolio. closing bell, seven minutes away , records, are they in jeopardy though the nasdaq turned negative moments ago it's now backup by 11 points but this is going to be touch and go , so you need to bolt yourself to wherever you're sitting and do not move. we're watching it every tick of the way. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are p

u.s. chamber of commerce, the national retail fed rampingt i spoke with a plaintiff on one of the very firstled. he owns a series of grocery store chains in louisiana and mississippi. some 500 employees just underneath that and is worried that people will be quitting because of this, that he's going to be facing all sorts of violations of their personal freedoms on his account, and this is what he told us. >> i feel that it's wrong for the federal government and an arm of the federal government to step in between me and my team members and my employees and tell them that they have to go get a vaccination which is a personal medical issue or i have to terminate them, and -- and that's just kind of where i said enough is enough, and we have to stand up for what's right and that's our personal liberties. >> reporter: hallie, there's an important point to be made here which is that employers do not have to terminate employees who aren't vaccinated or who don't produce those weekly negative covid tests. they can, however, be subjected to a fine and it's a hefty fine of $14,000 per violation which

u.s. chamber of commerce. and i appreciate this opportunity to discuss our efforts to address climate change. the chamber's position is clear that climate is changing and humans are contributing to these changes. addressing the climate challenge with bold solutions and advancing economic prosperity are not mutually exclusive. we can achieve both goals and the chamber is dedicated to doing so. the chamber's message on climate is also clear. inaction is not an option. we advocate for market-based solutions to reduce emissions while supporting u.s. competitiveness, national security, and working people across america. we have focused on effective climate solutions and we see ample common ground for all sides to come together to advance policies that are practical, predictable, and durable. the american business community is essential to developing, financing, building, and operating the solutions needed to effectively combat climate change. businesses are already taking action by investing in technology and enhan

u.s. chamber of commerce sending numerous letters to the sec, saying it pose as grave threat and adding they'rearture from their mission under lina khan. we should mention we have reach out for comment and waiting for a response good to have you >> good morning. so, you're coming out guns blazing. what set this off? >> this community feels the stc is waging a war against us and it's time to fight back. you start with the executive order in july that suggested our economy was too stagnant, that we're anticompetitive. that's not the america i live in, not the economy you cover every day and we hear from ceos all the time that at the actions against competition are having a chilling effect on activities. >> it's not the first time she's gotten tough condemnation. facebook tried to have her recused from some cases. are you asking her to step aside, to not weigh in on certain issues or something else >> look, this isn't personal this is about an independent agency being clear on their rules, clear on their process and understanding what the rules of the road are. are they actually an independent age

u.s. chamber of commerce started this program back in 2011 really to address the national crisis of veterand that veterans and military spouses are strategic assets that businesses can't get enough of from a work force perspective. so we started to really leverage our broad reach across communities, across bases to really help service members like jerilyn, this and military spouses get the training, get the skillet sets concern skill sets, get the connections with employers to help them find those long-term, meaningful careers they so richly deserve. griff: talk to me about the challenges, everyone is having challenges coming out of this pandemic, but specifically for veterans that are trying to transition to use their skill sets after their monorabble is service. talk to -- honorable service. talk to me about the challenge veterans are facing in finding jobs. >> yeah, so i think it is a challenge sometimes for veterans to be able to really explain how the skills that they've acquired in the military, how those translate into a very valuable skill set for organizations. programs like hiring

u.s. chamber of commerce for using the strategic petroleum reserve. president made this announcement today through the white house that he was directing the department of energy to do so. the reason the president says he wants to do so is to alleviate some of the pain at the pump as people are getting ready to head out for the thanksgiving holiday in a month the christmas holiday. right now the average price of gasoline $3.40 up from $2.11 last year. fox news poll shows the president's approval on the economy at 36%. in may it was 51%. you can see the difference in a few months. the president hoping jay powell, his nominee to renominate for the chair of the federal reserve will deliver a healthy economy in his second term. he got 84 votes in the senate. when trump nominated him in 2018. >> president biden: i believe jay is the right person to see us through and finish that effort. while also addressing the threat of inflation, discuss his views on priorities for the federal reserve in the years ahead. >> strong labor market. >> one of the senators who

u.s. chamber of commerce says all the administration has done is threaten energy production on federal lands, cancel pipelines and beg saudi arabia and russia for more oil. it is time toe unleash america's full potential to meet the world's energy needs. ranking member on the senate energy committee john barrasso this is a biden-caused disaster, adding tapping the strategic petroleum reserve will not fix the problem. we're experiencing higher prices because the administration and democrats in congress are waging a on on american energy. senator pat toomey we may eventually all drive electric cars but forcing the move through regulations is not the best option. >> whether our progressive friends want to accept it for not, people are as we speak, driving cars. that is happening. products that we want to buy are actually moving in trucks on our roads. it is happening now. it will be happening tomorrow. it is going to continue for some time. reporter: we will hear the president directly on this in about two hours. he will talk about the economy and gas prices. david? david: edward, thank you ver

across europe, people lined up for flights to the u.s., including, to chicago, where commerce secretary gina raimondo welcomed the change. >> america is open for business again we are open for business again on a global stage and you will see a real shot in the arm to the economy because of that, to a part of the economy that has been hardest hit. >> woodruff: the u.s. move came as the official global count of covid cases passed 250 million. the actual figure is believed to be even high. this was also the deadline for federal workers to get vaccinated. and, los angeles began requiring proof of shots to enter most businesses. we'll focus on vaccine resistance, later in the program. the u.s. today charged two hackers, a ukrainian and a russian, in a string of major ransomware attacks. they allegedly shut down the world's largest meat processor, paralyzed an east coast oil pipeline and froze businesses and local governments. the u.s. and 16 other countries were involved in the enforcement operation. crowds of migrants stormed poland's border with belarus today, escalating an ongoing confro

u.s. put a dozen chinese companies on it trade blacklist. the commercey interests of the united states. the chinese for their part say that the decision was arbitrary and unsubstantiated. st steven zhang has more. >> just a little over a week after the summit between president biden and president xi, the two governments seem to be at it again when it comes to their trade disputes. the chinese commerce said on thursday its largely strong protest with the u.s. government over its decision to blacklist chinese companies, calling the decision unsubstantiated and arbitrary. the foreign ministry saying the u.s. government is again abusing its power and the concept of national security, warning of unspecified countermeasures to quote, unquote, safeguard the rights and interests of chinese companies. this language, almost deja vu of what we used to hear in the height of u.s. china trade war during the trump presidency. what's at issue here is again, the u.s. government accusing chinese companies of using emerging u.s. technologies to help the chinese military in

u.s. because of all sea lanes of commerce that go through there he is expanding his geegraphical reach, hehe is a very authoritarian leader, he has a plan to go long range, 10 to 20 years. molly: playing the long game, what does that mean when we talk about taiwan that teams have been involved in this long game for a long time. >> you know listening to some of the taiwanese legislators and political activists, it is their view it is not a long game, many are expecting to see a chinese takeover of their country in their lifetime, i agree with general kellogg, but i would add we need to spend more time understanding the sensitive dynamics of taiwanese politics, president of taiwan oversees a party ha that is -- that is leaning toward independence. there are an overwhelming number of people committed to a sovereign taiwan. in addition to when china is dying to encircle taiwan and much of the world you have a taiwan getting stronger in terms of its own resolve. this is a situation that has danger in many directions and clarity from the u.s. is important. i suggest that tragic ambiguity served

u.s. chamber of commerce, the national association of manufacturers, the business round table representing 200 of the largest corporations in america and other top businesses. i want to especially thank -- i am sure you will all -- as we used to stay in the senate, point of personal privilege, i want to thank organized labor, who understands this is about jobs. y'all stood up. jobs, jobs, jobs, jobs! special thanks today to the aflcio, united auto workers, electrical workers, ibew, it goes on, plumbers,ite pipe fitters and the building streets. -- [ inaudible ] [ laughter ] >> pardon me? >> my wife is a member of a union, the nea. i am going to get in trouble. machinists -- so many more. look, folks, for too long we have talked about having the best economy in the world. we have talked about asserting american leadership around the world, with the best and the safest roads, railroads, ports, airports. here in washington, we have heard countless speeches and promises and white papers from experts. but today we are finally getting this done. so my message to the american people is this -- am

u.s. chamber of commerce asking congress to detail what the impact of build back better would have and nearnciliation bill uses gimmicks to cover up well over 1 trillion in spending. it be the height of in responsibility for members of congress to vote on this multi trillion dollar tax and spend bill with no clear understanding of its true cost or the real-world impact of the policies and even some democrats are criticizing the economic policies of this administration, the former economic advisor to president obama, larry somers says the biden administration has really been behind the curve on this issue of inflation, saying it's only temporary but clearly, it's sticking around for a while neil? neil: hillary vaughn at the capitol, now to edward lawrence at the white house, following some intriguing comments that confirms some republicans were suspicious. the administration isn't necessarily a big fan of fossil fuels. edward what's going on here? reporter: yeah very interesting more trouble for the picks, the nominee from the white house to be the comptroller, now new video has surfaced of

u.s. chamber of commerce where the idea for this scheme first bubbled up years ago with the powell memo. over the past 15 years or so the chamber has filed more amicus briefs than also anyone else and it's gotten its preferred result 70% of the time. and no one knows what company or what interests the chamber may be fronting for. that is hidden from the court and from the other parties. the chamber can even hide if one of its members wrote or funded the chamber's amicus brief in that member's own case. so the members of the party and the chamber on behalf of the member files an amicus brief and no one is the wiser. so it's no surprise that the chamber is trying very hard to block the judicial conference from bringing more transparency and daylight into the funding of these amicus briefs. it's not just the chamber in this racket here. if you take the recent antiunion cases, janice versus afsme, cedar point nursery, and sedrick versus california teachers association, each case brought ten or more amicus filers connected to these scheme donors. in both freed ricks -- fredericks and janice,

u.s. chamber of commerce, hardly a liberal crowd. he would be the highest ranking muslim in our government. but our republican colleagues on the small business and entrepreneurship committee have not just blocked his vote, they even refuse to give him a markup. their justification keeps changing from one explanation to another, which is another way of saying there seems to be zero legitimate grounds for opposing him. today he has been scheduled to have a markup, but because of republicans, it's been pushed back again on account of their ridiculous concerns. the political right seems to relish in trying to score political points by connecting far too many of president biden's nominees, many of whom happen to be individuals of color. it's hot-button partisan issues whether or not they have any relevance. it is shameful, acceptable, and ridiculous for republicans to keep stalling on syed's nomination. he is eminently qualified to serve in the s.b.a. why are senate republicans opposing syed's nomination? let me ask the question again. wh

u.s. trade deficit widened to a new record in september. the commerce department said the economy imported $80 million worth more than it exported as supply chain disruptions continue to hamper markets around the world. the bank of england surprised markets by keeping interest rates on hold despite rising inflation. the central bank predicted inflation could reach 5% next spring but pushed down any attempts to tempt down that restaurants markets. if price rises outpa wage growth, it could make lif too expensive for many workers. >> things like energy prices go up and go down again. the question is -- and this is one i think we have to judge every time we meet, as it were -- when we look at the projected length, does it start to cause concerns about if that will become embedded in expectations and what follows from that? >> major european indices close higher with gains around or just over .5%. pound sterling jumped over 1% against the u.s. dollar following the central bank announcement. investors welcoming the u.s. federal reserve's decision to keep int

u.s. chamber of commerce commerce, hardly a mouthpiece for the c biden administration. upon his confirmation, mr. syed would be the highest-ranking muslim in government, highest-ranking muslim for senate confirmation. but for reasons that confound common sense, a handful of republicans in the small business and entrepreneurship committee are not just blocking mr. syed's vote, they're refusing to meet in order to allow his nomination to proceed. they're just not evenly meeting, and that holds -- even meeting and that holds his nomination up. i haven't heard of that happening in a very long time. to date what is so confounding, is that these republicans who are holding mr. syed up have failed to of 0 a clear reason why they oppose him. each time they try to come up with an explanation whether cheap ad hominem attacks or ties to the culture wars their arguments fall flat and are easily refuted. why are these handful of republicans opposing this nomination? although republicans have boycotted his markup several times, they'll have a chance to give this man his vote tomorrow