university of michigan 500 households that hasn't come down as much as university of michigan we will see how that makes out but a lot of these are at odds with retail sales data, at odds with people quitting their job it's hard to figure out what it means for the macro picture. i am going to go out on a limb and say as we sit here today we are really at the peak of inflation, concerns, supply chain issues i think incrementally, the narrative will start the shift in that direction. you are starting to see chip production in taiwan october the delivery time for chips. it was the smallest gain we saw. cracks in the supply chain is hurting this narrative trucking rates are coming down 12 days of container ships just sitting around that's coming down those are early signs looking towards these areas versus consumer confidence. you see small cap stocks breaking out even risk like bitcoin i think we are setting up good until the end of the year. nadine, for the first time americans will be spending holidays together face-to-face i don't think people will be holding back their credit cards o

taylor: let's bring in betsey stevenson, professor of public policy and economics at the university of michiganalso, an advisor to president obama. talk to us about what you heard today. most of the research notes i got highlighted the significant change in tone we got from powell today. did that tone change for you? >> i think he has been remarkably consistent. he has said we are going to keep reading the evidence and we are going to adapt as we get new evidence. what we saw was slightly higher inflation than expected in october. some concerns that maybe it is time that we dial back slightly how accommodative our monetary policy is going to be. with inflation running higher, those low interest rates are even more accommodative than they were a year ago when inflation was lower. it makes sense for the fed to speed up the taper a little bit. that is all they said they were going to do. sonali: how does this complicate the fed's focus on employment? there was discussion today not just about inflation but the employment picture and the fact that participation is not picking up. how does that make

doctor michael from the university of- michael from the university of michigan, thank you very much forfor today and the government has said that a further 61 people have died within 28 days of testing positive for covid—19 as of today. that brings the total number of people who have died to 143,927. separate figures published by the office for national statistics show that there have been 168,000 deaths registered in the uk where covid—19 was mentioned on the death certificate so i discrepancy there of nearly 25,000. as of nine o'clock this morning, there have been a further 40,004 lab confirmed covid—19 cases in the uk. and i think, i don't know whether we have the vaccination numbers, i can't see those... if we can pick them out we will bring them to you. sport and for a full round up, from the bbc sport centre, here's gavin again. lewis hamilton made it back to back formula one wins at the qatar grand prix to close to within eight points of max verstappen at the top of the drivers' standings. hamilton has been dominant through the weekend on this brand new track — he started from po

look at the university of michigan, an outbreak of flu amongst the unvaccinated.a high plateau of covid week over week. we need to be sensitive about what's return to work looks like, for those who have the luxury of still working at home, to prevent whiplash and build trust. that's why i think april or may is the best strategy here. >> dr. vin gupta, always good to see you. and see if this sounds familiar, he became a darling of the far-right for his often controversial statements. and despite having never held office, he may well be running for president. but he's not do you think. we will explain when the 11th hour continues. hour continues when you really need to sleep you reach for the really good stuff. new zzzquil ultra helps you sleep better and longer when you need it most. it's non habit forming and powered by the makers of nyquil. new zzzquil ultra. when you really really need to sleep. a far-right tv personality from france, was supposed to be speaking in london tomorrow. ahead of what is expected to be a run for president next year. but his appearance

and barb mcquade, university of michigan law, i u.s. attorney for michigan. also worked with the doj during the biden transition. notably as a professor at her university of michigan law school. also notably cohost of the podcast, sisters in law. along with our friends kimberly, and jill. good evening to you all. counselor i'm bound to begin with you. about these legal headlines tonight, is the bigger news this round of subpoenas or is the bigger news a federal judge who says, open the door of the archives and let the sunlight in? >> i think it's got to be the judges order. we could anticipate that the congressional committee could be seeking some of the subpoenas, maybe we did know the names. but this orders significant. i think many of us anticipated that donald trump would do anything in this power to stop and steal the turning over the documents. but at the end of the day, he made a very clear, that he is no longer president, although he can express his desire to president biden, it is president biden who gets to decide whether this privilege should be ass

there was a big flu outbreak at the university of michigan. you are likely already protected from covid. kristen: we are hearing a lot of people are reluctant to get the flu shots, and that a lot of children have not gotten their measles vaccines as a result of responding to the covid shop. dr. gandhi: i am extremely worried. this is partially why, all you have to do is listen to the fda meetings. they did not want to approve it for all. they do not want to have reluctance on other vaccinations when people get side effects. flu shots are extremely important this year. there areflu outbreaks -- there are flu outbreaks in this country. measles, 2 million children did not get their dose. we need to maintain control of the infectious diseases we already have. let's start thinking about other infectious diseases as well. kristen: i want to ask this question because i wonder if long covid will happen with breakthrough infections. give us the details. dr. gandhi: this is a great question. i would encourage everyone, i can send a link and maybe you can

riana elyse anderson is an assistant professor of health behavior and health education at the university of michiganlly got a lot of attention nationally when the university of north carolina had a mental health break for students after there were two apparent suicides. you study this issue and teach young people on a college campus. what do you see -- talk about your personal experience to give our viewers a sense of this issue? riana: we know over the past year we watched stress, anxiety and depression go up about four-fold for everyone and that absolutely includes our young folks so whether these are pediatric populations or the collegiate population, we're watching the number balloon and that's on top of what we saw even as a pattern before covid so we're watching college students really get impacted by the comparison they're seeing in their classmates, online, in social media. they're using comparison and feeling particularly anxious about it for themselves. john: what were the factors before the pandemic? riana: social media has ballooned in this past decade where children and adolescents are

look at the university of of michigan, outbreak of flu amongst the unvaccinated.hat return to work looks like for those who have the luxury of still staying home is to prevent whiplash and build trust. consistency is key that's why i think april/may is going to be the best strategy. >> dr. vin gupta, thank you so much. >>> coming up, see if this sounds familiar. he became a darling of the far right for his often controversial statements. and now expedite never held office, he may be running for president. yet he's not who you think. we'll explain when "the 11th hour" continues. you have always loved vicks vapors. and now you'll really love new vicks' vapostick. it goes on clear and dries quickly. no mess. just the soothing vicks' vapor for the whole family. introducing new vicks vapostick. are you taking a statin drug to reduce cholesterol? it can also deplete your coq10 levels. i recommend considering qunol coq10 along with your statin medication. the brand i trust is qunol. ♪ when you have nausea, ♪ ♪ heartburn, ingestion, upset stomach... ♪ ♪ diarrheaaaa.♪ try

people wondering, college students, university of michigan, for example, you may have seen. lege students. one of the questions i get from college-age students, doc, can i get the flu shot the same time or soon after i got my initial series of covid shots or the covid booster. they got boosted. yes, get them on the exact same visit. people worry about side effects. increased risk if you double up. great, large studies now in our best medical journals suggesting that is not a concern. really important for everybody to know that. because in the state of michigan, the uptick rate in the county the university of michigan is located, dr. fauci is right. flu shot exists. not enough taking it up. in part because they have answerable questions, hallie. >> to your point. go to the doctor, flu shot one arm covid shot in the other. right? >> absolutely. entirely safe. eight weeks ago we didn't actually -- i should say, advice from acip, high evidence advisory committees recommended a two-week interval between doses. that's since changed in the last few months. and why people have natura

the university of michigan preliminary index decreased to 66.8.sumers expect inflation to rise 4.9% over the next year, the highest since 2008. let's bring in simona mocula, chief economist at street -- state street global advisors. an eye-popping number on cpi and ppi. only one data point, but do we see these levels hanging around all year? simona: i would say by this point it is more than just one data point. it was one data point above 6%, which was extraordinary, if you look at it from an historical standpoint. i don't think we can say it is shocking given the other dynamic the economy. it looks to me that these dynamics will continue for some time, probably not until the second half of next year that we will see a meaningful deceleration in prices. greg: if we are in a situation where consumers on a daily basis, whether filling up their car, going grocery shopping, have to deal with elevated prices, can the central banks keep their faith? the central bank of canada is trying very hard to communicate to us, this louise, we have it under contro

it might grow faster than other consumer brands, but i was talking with eric gordan at the university of michigan that these brands may not be as profitable maybe a decade down the line as there's just more online sort of competition for maybe store brands and things like that. so it will be interesting to see sort of the future of this as it separates out. >> all right meg, thanks. meg tirrell. >>> let's get to rahel solomon for a cnbc news update rahel. >> hi, melissa >>> here is what is happening at this hour. mark meadows is a no-show for his scheduled deposition today before the house committee investigating the january 6th capitol attack that's according to nbc news citing sources a lawyer for donald trump's final chief of staff has suggested that meadows would not cooperate because trump told him not to, citing executive privilege. it is likely the fight will now go to the courts >>> the nomination of robert kaleb to be the next fda chairman is already in trouble even as the white house was announcing it, democratic senator joe manchin announced he is against it. manchin says his ties to t

the cdc is investigating a major outbreak at the university of michigan, more than 300 cases in the last week. doctors say the flu vaccine is more important t of our lack of immunity following last year's lockdowns. >>> we're going to take down the biden regime. those words from former trump adviser steve bannon after his first court appearance after ignoring a subpoena from congress. bannon will be arraigned thursday on contempt charges. >> i'm telling you right now, this is going to be the misdemeanor from hell for merrick garland, nancy pelosi and joe biden. we're going to go on the offense. we're tired of playing defense. we're going to go on the offense on this and stand by. >> former white house chief of staff mark meadows may also face contempt charges for ignoring the january 6th committee's subpoena. >>> time now for a look at your tuesday weather. the flooding rains in the pacific northwest will taper off this morning, but flood warnings remain in effect around swollen rivers across western washington. rain is also expected across parts of the midwest today and high winds and l

the university of michigan. ed more than 1000 parents that have kids between the ages of 4.10 and more than half of those parents say they spoil their children too much. a lot of them say they're actually embarrassed by how selfish their children act. doctors say gratitude is not something that children actually acquire. so it's important to teach them things like saying, please. and thank you and even them why it is good to say those words. and it's good we're we're grateful for you watching us this evening because very grateful. i feel like the semi dinner explaining why that my kids have to say it's for her to. >> i hopefully we're getting somewhere, but we do appreciate you watching this hour and that wraps up kron 4 news at 5. we appreciated it. stick around 6 because certainly be here. please take it away thank you. you're welcome. and thank thank you for lee. and coming up at 6 o'clock. >> brazen thefts. all across the bay area over the weekend. crowds of thieves target. several high and stores were hearin

researchers at the university of michigan say that could leave at risk patientr on the hook for the whole bill. they say the fear of having a huge bill could also cause people sick with covid to delay getting treatment and that could increase the risk for deaths as we gather with family and friends for the holidays. some therapists say they're taking care of your mental health is really important. the pressures of the holidays can cause a lot of stress or anxiety and many of us as shopping preparing the big family gathering all build up. but some people might not even show it even though they're having emotional issues inside. we know what stresses this out. it's usually not a surprise whether it's money or whether it's this time of year, whether it's you had a loss. >> a significant loss that this time of year. yes. experts say it's important to get enough sleep. make sure you get your exercise and. >> therapists say exercise is usually the first thing to go when someone is dealing with stress. but you don't have to do a heavy workout, they say just to walk around the block would help ge

. >> reporter: this week madison returned to university of michigan's children's hospital to check herunction. the clinic is studying long haul symptoms in kids. >> my heart pumps fast and my c. >> rerter: a recent study in the u.k. found covid affects one in seven children months after infections, symptoms including headaches, anxiety, lung issues and fatigue. are you seeing an increase in kids with long haul cinch toms? >> we are. >> reporter: dr. katharine clouser in hackensack meridian health opened one of the first covid recovery centers in the spring. do you think now that that's available, covid in children will decrease? >> i hope so. there is anecdotal evidence that symptoms improve. >> reporter: one of her patients, 4-year-old aaron estrada, healthy till he got covid a year ago and developed multi-system inflammatory syndrome and lost his hair and couldn't walk or stand for a month. do you remember, after you got sick, how it made your legs feel? >> bad. >> reporter: bad? aaron needed months of physical therapy to learn how to walk again. they paid you better, right? >> mm-hm

of the people involved in the chaos. >> after the huge football game this weekend. the hometown michigan state spartans beat their rival university of michigan, wolverines and students took to the streets in well, there thinking is probably celebrating, but it wasn't dozens of reports of destroyed property police and fire responded to more than 340 calls for service after that game. >> and now kron 4 sports. >> the san jose sharks got off to a hot start this season they've come back down to earth a bit. as of late. it may have to do with so many players being out of the lineup. kron 4 sports reporter kate rooney joins us live from the shark tank. she is going to explain why the sharks or so and kate. >> jason, that lineup is depleted. you know, an nhl hockey when a player leaves the ice for a penalty that's called playing short-handed. that starts tonight are totally going to be short-handed before they even take the ice. that's because 7 yes, 7 players and their head coach bob are currently an nhl covid protocols. now that doesn't necessarily mean that they are. have tested positive for covid-19 nhl rules say that exposure to so

. >> reporter: this week, madison returned to university of michigan's children's hospital to check herfunction. the clinic is studying so-called long-haul symptoms in kids. >> my heart starts pumping really fast, and my lungs, it's just like, constant need for air. >> reporter: a recent study in the u.k. found that covid affects one in seven children months after infection. symptoms can include headaches, anxiety, lung issues, and fatigue. are you seeing an increase in the number of kids with long- haul symptoms? >> we are. >> reporter: dr. katharine clouser and her team at hackensack meridian health in new jersey opened one of the first pediatric covid recovery centers in the state last spring. do you think that now that the vaccine's available to younger children, that's going to start to decrease? >> i certainly hope so. there has been some anecdotal kind of evidence that their symptoms do improve. >> reporter: one of her patients is four-year-old aaron estrada. he was healthy till he got covid a year ago, then developed multi-system inflammatory syndrome, and lost his hair and coul

i thought them is from the university of michigan. he says, there's reason to be hopeful, even if existing vaccines down to effective against the new variance. my optimism is really based on the experience with the different mutations that we have in the body and the beta, the gamma, and the build up that the vaccines were able to protect and were able to cover the money. and so i'm optimistic with regards to this one, do that the vaccines will, to will be, will prove to be cation and effective against this one. if in the worst case scenario that this thing is not really recognized by the immunity that we gain from vaccination with the existing vaccine. we are talking about 2 weeks and we will have that in place. however, the issue is still the same. we have a big issue which is, who is going to get that 1st are, is these, are these going to reach those countries that until now have less than 10 percent issue with a existing vaccines available? so therefore, i think the issue continues to be vaccine at these countries and you cannot j

at 10 a.m., we will get the university of michigan sentiment survey. i'm interested in the five-year inflation expectation. this has been rising significantly. at one -- at what point will it bleed into consumer expectations? i'm curious to see how much that continues to pull down. is this labor market getting less tight? will we see people fill those employment roles? later today, the new york fed president will speak. we will see if he says anything about the potential leaders of the fed and we haven't heard which of them we will be getting? jonathan: more hikes in 2022. they are looking for more moves an additional rate hikes over the course of 2023. that note got a bush moments ago. tom: i believe very strongly in the calendar around november 15 that we are resetting this week and it's not so much into december but really trying to frame out q1, 22 and it starts today. jonathan: chris verrone joins us now. this curve is flatter, small caps are near all-time highs and many people are asking -- how can we have this re-acceleration of the sick will tr

. >> reporter: this week, madison returned to university of michigan's children's hospital to check her lung function. the clinic is studying so-called long-haul symptoms in kids. >> my heart starts pumping really fast, and my lungs, it's just like, constant need for air. >> reporter: a recent study in the u.k. found that covid affects one in seven children months after infection. symptoms can include headaches, anxiety, lung issues, and fatigue. are you seeing an increase in the number of kids with long-haul symptoms? >> we are. >> reporter: dr. katharine clouser and her team at hackensack meridian health in new jersey opened one of the first pediatric covid recovery centers in the state last spring. do you think that now that the vaccine's available to younger children, that's going to start to decrease? >> i certainly hope so. there has been some anecdotal kind of evidence that their symptoms do improve. >> reporter: one of her patients is four-year-old aaron estrada. he was healthy till he got covid a year ago, then developed multi-system inflammatory syndrome, and lost his hair and

dr michael sjoding is from the university of michigan.al bias in pulse oximetry measurement last year, finding a critical need to understand and correct racial bias in medical technologies. he told me more about his findings. this research came from the covid pandemic. i am a practising pulmonary physician and during the pandemic when caring for certain patients we noticed the pulse oximeter seemed to be less accurate when we looked at a more accurate labatory test called arterial blood gas that we don't perform as often. we saw that there seemed to be this discrepancy and we didn't quite understand why so we looked at, you know, skin tone as a factor and we looked at black patients compared to white patients and we found that there was a significant discrepancy. how significant a discrepancy in health terms? so, for a white patient in general, when the pulse oximeter is reading on a normal range, say 92% to 96%, it is inaccurately reading maybe 3% of the time, so that's pretty low, so most of the time it's very accurate but in our study

it was surprising to see the numbers from the university of michigan last week.ri: as a global supply chain issues start to resolve themselves, i think prices will come down and that could certainly spur back the confidence that the consumer has. the consumer is still in relatively good shape and i think the confidence numbers could resume once the supply chain are resolved. >> which sectors do you think still have a pretty good run way to grow? terri: with the expectation that interest rates rise, we think financials will do well in mid-caps will do well but most importantly, we think companies that have pricing power will do very well and companies that will struggle will probably be in the consumer stable area because they do not have the pricing power issues that other companies have. but also, in areas that companies are exposed to the reopening trade we think will do quite well. but broadly, this is a good market for equities. >> when you take a look at earnings expectations, will they have to be more neutral go -- muted going forward? terri: earnings have

university of wisconsin. i would go to the university of michigan in lansing to see what the local journals had. and it's like it wasn't a centralized thing like it is, like newspaper archives. this is great what we have now but then we had to travel. i even traveled to the fbi to look at, get copies of files, and still it's like when you go there to look at the files you are not, i mean, they had a table full like a like am table full of files. you do have enough time in one day in the couple of hours to go through that. and then to process the information and learning about the process. so over time these things become digitized and it becomes easier to access this information. but that's what we learned about the process. in the beginning was not getting as much information about malcolm and where he was, where he traveled. and then also starting with the brothers. learning about other people who knew malcolm, who with her friends and dad and i were able to speak with members of the maguire family, john davis who was malcolm's running friend, his running mate in lansing when he dropped out of

the university of michigan consumer sentiment. i know this is a favorite of the program.king forward to what the data will tell us about the consumer and the inflation story. alix: it is my desert indicator because the sentiment part is fascinating. that wraps it up for me and guy on tv. coming up, michelle meyer will be joining balance of power with david westin on television and radio. guy and i are also hit radio. guy: we are. the cable show. we are going to radio. this is bloomberg. ♪ guy: from the world of pop -- >> from the world of politics to the world of business, this is "balance of power" with david westin. david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." the big political event of the week turns out to be economic, particulate those inflation numbers that came out yesterday morning. the question is what president biden can do about them. for answers we welcome our washington correspondent in new york today, joe mathieu, the host weekdays of sound on on bloomberg radio. good to have y

this has actually been performing a little bit better than the university of michigan sentiment. we will see if that continues, but you are expecting a slight drop after a bounce in october. later this afternoon, but more fed speak. vice chair richard clarida will speak alongside the cleveland fed president. clarida was talking about how there may be a need to accelerate -- we will watch for headlines from him. jonathan: thank you. that is the big question. do they continue to separate guidance from rates from guidance on the qe pace of the unwind of taper? i think they do, and that is the conversation we have to look at. tom: let me throw in some good news and statistical clarity. i believe, from two sources -- covid deaths well under 1000 a day for that is a triumph of the science and vaccination community. as we mentioned yesterday, unvaccinated 13 times more likely to die, but we are down at 900 or 800 deaths, whatever that is a triumph. jonathan: when it comes to disease severity, let's hope that these cases are not severe. we will need to wait for more data. if that changes

university of michigan consumer sentiment data. john deere will be interesting post strike. bank of new zealand has a rate decision down under. we will factor that into our conversations tomorrow. mainly it will center around beijing. alix: it is, but i will not be here. you will be talking to yourself. i am interested in john deere after the union rage -- the union raise 10% and the signing bonus. i'm interesting to see what the commentary is on that. guy: maybe what we should be discussing is how much more expensive is thanksgiving this year? food prices have been going up. there's a big conversation happening about how food prices will be the story for next year. this could be a cheap compared to next thanksgiving. the line is this year we talked about energy prices going up, next year it will be food prices, one translates into the other. guy: i just hope i can -- alix: i just hope i get my bird this year. last year i paid for it and they did not give it to me. happy thanksgiving from the. guy will be here the rest of the week. richard haass will be joining "balance of po

the university of michigan associate professor joins balance with david westin on bloomberg televisionguy: talking of radio, i will go to radio shortly at 5:00 p.m. we will work our way through day 2 of the bank of england story. of course, the main focus is what is happening with the fallout from the payroll report. thank you very much. have a great weekend. this is bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >> from the world of politics to the world of business, this is "balance of power" with david westin. ♪ david: from bloomberg world headquarters to our television and radio audiences worldwide, welcome. the big news of the morning commend was jobs numbers. we welcome dr. jared bernstein.

. >> there's -- the university of michigan law school has a list of the longest known exonerated incarcerations in the united states. i believe this is missouri's longest. he hasn't been added yet. but when his name is added to this scroll, he will be in the top ten. it's something. we know about wrongful imprisonment. we continue to learn of people who are wrongfully imprisoned. we have people who fight on their behalf. but this is something. when you think about 42 years, i'm always taken when i hear his voice, when i hear him talking. i wouldn't have that patience around me if i were wrongfully imprisoned for 42 days, let alone 42 years. >> i have been fighting this case in quite a protracted battle since really the spring of this year, and i'm fatigued. i'm tired, i'm fatigued, and i'm pretty angry about it. and that's -- that's been my part of mr. strickland's existence. so i can't even fathom how he must feel and how he's managed to keep his spirit and his heart the way he has presented himself to me, as a really gracious man. >> yeah, he had a bit of a smile in one of the pictures i saw

if you look at the consumer survey data like the university of michigan, consumers have downbeat expectationsut the future, buying durable goods, buying cars, about the price of inflation we have seen. they've already bought a lot in real terms. we've been expecting the good side to come off and that would help ease supply chain issues. that is not happened. we been surprised to the upside on consumer durable demand and consumer goods demand. it looks like that is likely to continue. lisa: we are speaking with matthew luzzetti as we await a potential fed decision expected at some point today, that being reported by punch bowl news. the idea they have waited this long and finally president biden is expected to make his announcement. i am wondering, as we look forward, whether we are looking at a new regime, whether the fed will have to raise rates and accelerate hikes to a point beyond what the market is expecting where you think the fed is well within their range of getting to a neutral fed funds rate of 2% to 2.5%? matthew: markets have brought forward in terms of rate hike expectations -- t

first job in washington dc and began her career as a writer for the michigan daily at the university of michigan ann arbor. so please welcome emma goldberg to the stage. >> hi everybody. i am lucky enough to be a colleague of emma goldberg and a dear friend. i am so proud she is here at the hometown bookstore to talk about her first book with you life on the line i want to dive right in because she is the star. so bear with me this is my first time moderating anything. so apologies in advance. and so excited for you. can you just start by telling us a little bit about the subject matter? your book is among the first to be published anywhere about new york's first wave of covid which is brutal family have a hard time reading about the pandemic especially here in new york city. so why do you think it's important to keep writing and talking about front-line communities and what we saw here in new york last year? and with those primaries coming up and then to have done so much with the pandemic and that's a really great question and an interesting place to start because i have heard from some people

guy: you saw what happened with the university of michigan data on friday, pushing sharply lower. er is clearly worried about inflation. you see it pretty much everywhere. gas prices obviously a major part of this. president clearly needs to take action on that front to get that under control. larry summers has got a new op-ed coming out in "the washington post." "excessive inflation in the sense that it was not being controlled helped elect richard nixon and ronald reagan, and risks bringing donald trump back to power. this is the story for the administration right now. that is why i asked the question to ann marie. have we moved on already? alix: it really feels like yes. you can look at the market reaction to the heart and for structure bill, and it was pretty nonexistent. maybe individual idiosyncratic sectors or stocks, but that was kind of it. let's get more into this. andy blocker, invesco head of u.s. government affairs, joins us now. guy and i were talking about the fact that the market moved on. we really need to trillion dollars worth of stimulus? bidens approval rating

of experience in social science and policy research. after receiving his ba in mathematics from trinity university in san antonio, and an ma in statistics from the university of michigan, go blue, mr. santos with don on to hd several leadership roles including vice president of statistics and methodology of university of chicago's national opinion research center. director survey operations at the university unive, survey research center and partner and executive vice president at a texas market research firm. mr. santos has served as an expert advisor to the cdc and the census bureau. he currently serves as the elected president of the american statistical association, the leading professional organization for statisticians in the united states. welcome, mr. santos. you may proceed with your opening remarks. >> thank you, chair. can you hear me? can you hear me? >> yes. >> thank you very much. i would like to first introduced my wife, abella, and my son emilio who are here in support, and i just want to say thank you for this opportunity to give an opening statement. and thank you committee members for those of you who are here and i understand if you can't be, and i

. >> i visited a friend at the university of michigan. on. >> is a

lisa cook from the university of michigan -- michigan state university. i have to get that right or the football fans will be mad. and seth carpenter who is the morgan stanley chief economist. a couple of women for these posts. sarah raskin was the mayor of banking supervisor before she was appointed to the fed and she went on to be deputy treasury secretary. karen dinan was the treasury chief economist, also a possible candidate for the boston fed. alix: it feels like the conversation on wall street is who president biden picks will be more dovish. it may be an opportunity to install three more dovish individuals on the fed. is that the right conversation because if you're worried about inflation, why would he do something dovish and can we assume that they would be dovish? mike: there is a political answer and an economic and are -- economic answer. the fed is dealing with high inflation and politically, it is difficult to avoid someone who is seen as significantly dovish. but the forecast from all economists is that inflation will go back down and sunda

that is bigger than general motors the university of michigan consumer sentiment index falling to itsowest level in a decade in november. the reason, surging inflation which cut into household budgets. that is putting the focus on discount retailers many outperforming the market in the past months as consumers look for bargains. courtney reagan has that part of the story. >> yeah, when current inflation is factored in, real hourly wages factor in. sending consumers discount buying spending in the discount sector is up and accelerating up 22.5% in august from 2019, up to 27.5% in october since 2019. couple that with instore traffic data from placer.ai, compared up to 2019. up 16.3% for target and nearly 5.5% for walmart now walmart and tagts are leveraging their scale to get inventory, like chartering their own cargo ship to keep price in check especially in today's inflationary environment and taking advantage of inventory off locations for the past 18 months, buying those at tractive prices giving the instore treasure hunters something to salivate over investors are listening to the

. >> the university of michigan law school has a list of the longest exoneration excavation in the united states. i believe this is missouri's longest. but one's name is added to the school if you go to their website, you can see the squirrel. he will be in the top ten. it is something, we know about wrongful imprisonment. we continue to learn about people who are wrongfully imprisonment. we have people fight on their behalf. but this is something, when you think about 42 years, i am always taking when i hear is, voice when i am talking. i would not have that patience around me if i were wrongfully imprisoned for 42 days, let alone 42 years. >> i have been fighting this case in quite a protracted battle since really the spring of this year. and i am fatigued. i am tired, i'm fatigued. and i am pretty angry about it. and that has been my part of mr. strickland's existence. so i can't even fathom how he must feel and how he has managed to keep his spirit and his heart the way has presented himself to me as a really a gracious man. >> yes, he had a bit of a smaller one of the pictures i saw

university of michigan sentiment survey. we have seen that survey.could potentially indicate some real weakness that other people are not predicting in the economy is that the case? are we going to continue to see it fall? do we see that consistently? tom k: we have got to set it up right now. in his time as we always do for soccer talk. i'm looking at the gains this week and i'm sorry, manchester city against united, steve is a diehard west ham. that has got to be the game of the weekend. kailey: i'm waiting for you to come talk to me about nfl football or college basketball, something i actually know about. tom k: come on. steve majors, the rates are walking away from steve major right now. west end needs a victory. >> november 28, i looked it up quickly. that is the game. that is what i can add to that. does the keene household really want u.k. football instead of american football? tom k: totally different. stay with us. this is bloomberg. tom: good morning everyone, " bloomberg surveillance." right now we need to go to the data, we adjusted the

and so we are now seeing new data coming out from the university of michigan that shows consumer confidencew. people are uneasy and now we have the holiday shopping season upon us. >> people are going to have to edit their lists. make some really big, hard choice decisions. they have got to share that with their kids too. >> they do, prices are up, and can you get the items that you want, because of the supply chain issues? >> that's right. and you want to have food on the table and you have got to pay that rent and everything else. there is a lot at stake. thanks so much. good to see you. >>> medicare premiums are about to take a jump for millions of americans as well. the federal government announcing a 14.5% increase last night. it's blaming the pandemic for the price hike but says uncertainty over the cost of a controversial new alzheimer's drug is also playing a role. for many recipients it is the biggest increase in 30 years. >>> still ahead, the families of missing black americans say they are not getting the help they deserve. cnn follows two families, and their search for answers.

university of michigan released new data that shows consumer confidence is at a ten year low.we ten years ago? people are feeling really uneasy about the economy then. are people feeling like that now? it is scary to think about where we were in 2008, 2009, 2010. those sentiments coming back. >> in atlanta, lower cost of living proportion atly to the rest of the country's metropolitan areas, that have been something that people, atlantans celebrated. now taking the lead in a distinction nobody wants. thank you so much. >>> coming up, a defense lawyer on the trial of three white men accused of killing ahmaud arbery ask them to not allow more black pastors in the courtroom. he is trying to clean up his comments. is this apology enough? we'll discuss next. it's time for our veteran's day sale on the sleep number 360 smart bed. what if i sleep hot? ...or cold? no problem, the sleep number 360 smart bed is temperature balancing so you both sleep just right. and it senses your movements and automatically adjusts to keep you both effortlessly comfortable. so, you can really promise b

whether it be gas prices, groceries, housing, it's no surprise that new data coming out of the university of michigan shows that consumer sentiment is at a ten-year low. nadia romero, cnn, atlanta. >>> amid the disappointing economic news, the biden administration is change its tune on inflation, acknowledging that americans could be feeling the financial pinch longer than expected. cnn's joe john'ss is at the whi house. >> reporter: the president's evolving approach to inflation, a reflection of concern not just here at the white house, but also on capitol hill, about spiking prices almost across the board in the united states. the administration earlier this year was fond of saying the situation was transitory that it would end soon. it was just a reflection of the supply and demand problems created by the pandemic. but now, the indications are, it might not start subsiding until the myiddle of next year, if no the end of next year, creating a political problem for congressional democrats up for re-election in the midterms next november. republicans are attacking the president's spending program sa

feel into magazine from washington dc beginning her career with the michigan daily with the university of michigan in ann arbor. so please welcome emma goldberg to the stage. >> . >> hello everybody. i am lucky enough to be a colleague of emma goldberg and also a dear friend. i am d so proud she is here at her hometown bookstore to talk about her first book with you life on the line. i just want to dive right in because she is the star. so bear with me it is actually my first b time moderating anything. congratulations. i'm so excited for you. can you just start by telling us a little bit about the subject matter? your book is among the first to be published anywhere with that first wave of covid which was brutal. >> as we march toward reopening, why is it important to keep writing and talk about front-line communities and providers and what they saw last year? >> i am so grateful so first of all covering the new york city primaries coming up that also to do so much with the pandemic that's a really great question and interesting place to start so people say isn't it a little too soon to start pro

that is professor betsey stevenson of the university of michigan. this is the end of our coverage of the domination of jay powell. coming up later, there will be an interview on bloomberg technology with democratic virginia senator mark warner, who is a member of the banking committee. he will talk about what he think's about these nominations of jay powell and lael brainard. this is "balance of power" on bloomberg television and radio. ♪ television and radio. ♪ mark: christmas. your milwaukee, wisconsin turned into a scene of warner -- a christmas parade near milwaukee, wisconsin last night turned into a scene of horror, killing five -- when an suv went to a crowd, killing five and injuring 40 others. one officer fired his gun trying to stop the vehicle. closing arguments underway in the ahmaud arbery case. the 25-year-old unarmed black man was killed last year while jogging in a georgia neighborhood. the prosecutors said arbery posed no threat to anyone and the three white defendants decided to pursue him quote because he was a black man running do

that university of michigan sentiment is sluggish, inflation expect takes are still high, pec core ise returning to work as you saw in the jobless claims. so could be seasonally -- charles: i think that is a fantastic point. tapering still means they're buying a whole lot of stuff, a lot of it, certainly could argue not even necessary. hey, i know you like the megacap growth names so how concerned are you as these rates go higher they could sort of stumble a little bit here? >> i think that would be an opportunity for investors charles, because, there is two reasons to own technology stocks. one is they are an important part of the secular narrative that will get us out of this inflationary upward spiral. the cloud names, the seminames, all of these things improve productivity and that is the only way that wage growth can get ahead of inflation. i heard a bunch of people on the air earlier today on a different network touting the fact that wages are up but they're negative. on a real basis, on after inflation basis consumers are farther behind, further behind than when we started. so

the university of michigan's index increased to 66.8 from 71.7 in october. the figure trailed all projections. waning confidence reflects an escalating inflation rate and a growing belief among consumers that no effective policies have been developed to reduce inflation. they expect prices will rise 2.9% over the next five to 10 years, unchanged from the previous months." so the consumer confidence in our economy seems to be dropping because of inflation. so what does president joe biden plan to do? on wednesday in baltimore, president biden discussed the economy and concerns about inflation and explained how he thinks the infrastructure bill will help americans. here is president biden. [video clip] >> i will talk about one of the most pressing economic concerns of the american people, getting prices down, number one. number two, making sure our stores are fully stocked. three, getting people back to work while tackling these above challenges i mentioned. economic reports show unemployment is continuing to fall but consumer prices remain too high. the ameri