it will turn a bit milderfor a while. but how long that will last? we will have to wait and see. uk and around the world. i'm lewis vaughan jones. the us president—electjoe biden outlines a $1.9 trillion spending package to combat the coronavirus pandemic and its effects on the economy. this 0ur rescue and recovery plan is a path forward with both seriousness of purpose and a clear plan with transparency and accountability. concern about brazil's new coronavirus variant prompts the uk to impose a ban on travellers arriving from south america and portugal. after repeated delays, a world health organization delegation arrives in the chinese city of wuhan to look into the origins of the coronavirus. and from heatwaves to wildfires, scientists from around the world agree the last decade was the warmest on record.

yes. and some people will still die. yes, the will, and some people will still die.cond point, the symptomatic infection, stopping that. if we look at stopping serious illness, well, the astrazeneca vaccine, no—one in the astrazeneca vaccine, no—one in the trials became seriously ill after getting one dose of the vaccine. and that has a massive impact on the nhs, and hospitals, on the individuals themselves. but for the individuals themselves. but for the wider spread of the virus in society, stopping transmission is more important. now, if vaccination stop someone passing it on, that will have a very large impact on infection levels, what is happening with the virus, and that is the thing they don't know, but patrick vallance, the chief scientific adviser, said you don't get this level of efficacy without having some impact on transmission. we won't know for another month or two what impact that will have on transmission, but that is why they spoke about that and why it is a crucial factor.— crucial factor. also a lot of discussion _ crucial factor. also a lot of di

and tomorrow the president and vice president will swear their oath of office and they will also do so safely and securely because so many brave men and women have sworn their own paths -- oaks to support and defend our great nation. we salute you all. >> the senate returns to session today for what will be a very busy and consequential period. tomorrow we will celebrate one of democracy's core attributes, the peaceful transfer of power, albeit under much different circumstances than most americans are used to. rioters, insurrectionists, white supremacist, and domestic terrorists tried to prevent the transfer of power. they were incited by none other than the president of the united states. they have failed. though they have made the transition of power anything but peaceful, democracy's oldest and most revered tradition, the peaceful passing of the torts, will take place tomorrow. we must remain vigilant. we must remain strong. if we do, democracy will always prevail. despite what these people terrorists tried to do, the peaceful passing of the torch will take place tomorrow as it has

will. todd: bye. >> as i prepare to hand power over to a new administration, i want you to know that the movement we started is only just beginning. >> in his final hours president trump issuing the 1 pardons and commutations. among them some notable names. >> in hours joe biden will become the 46th president of the united states. >> he is going to be a president of all americans, including the 75 million americans that voted for president trump. step up as a leader and represent the whole country. >> you will have thousands of people coming across the border in a migrant caravan what message do you want to give those folks. >> there is a commitment to follow our asylum laws that means to provide humanitarian relief. >> hr loves sending emails about what a horrible country this is one man decided he had enough of that. >> want to call out violence call it out, do it year around. don't wait until it's convenient for you. >> we built the greatest movement in the history of our country. it was

we will dissect that. data.e are looking at the payrolls should be positive tomorrow. 57 point two, that is a very strong number -- 57.2, well above market expectations and a very strong number. so a very strong ism read once again, both in manufacturing and services. alix: in d.c., joe is formally recognized as the next leader of the united states, ending two months of challenges from his predecessor that sparked protests on capitol hill. >> for those who wreaked havoc today, you did not win. violence never wins. freedom winds. -- wins. this is still the people's house. alix: joining us is anna edgerton who has been covering the u.s. congress and worked late into the morning. what happened today? anna: the house and senate are in recess until right before the election. they have some pro forma sessions. but the big question is, what was behind the mob and how did they get into the capitol grounds? there will be questions about the security in place and why it was so woefully inadequate to allow this viole

we don't know what that will look like, how long it will take.s it important that it has an understanding treasury secretary, can that be a cooperative role again, so that we don't get the taper tantrum that we saw a few years ago? alan: i think so. i think you will have it when the time comes between yellen and powell. there are other members of congress that will speak up. some of them will rail against the rising interest rates that will be happening then. biden is elected for four years, so it is likely that it will come. she will deal with that well. vonnie: she mentioned the k-shaped economy that some talk about now was there before the pandemic. if the one point $4 trillion to stop materialize, what can she do with a lesser amount to target those minorities, women, the people at the bottom of the k, that she talked about in her testimony? alan: i don't know if it means a lesser amount. the bottom part of the k is dealt with in the 1.9 trillion, for sure. a lot of that agenda will be left for the biden administration, the build back better,

they will keep at it this time. they will not make the same mistake. he mentioned be $1.9 trillion package. i was showing you the blue line underneath. you can see the big a hole we are in. money for states and schools, vaccines and testing, that is the most important thing because we need to make sure the pandemic is conquered before -- small business loans, tax credits for child care, all of those things have some support but do they have enough support to go through together or will they have to cut it down. joe biden will not get all of that. particularly controversial is his proposal for raising the minimum wage. he comes in with a job creating infrastructure program. it focuses on climate change but he hopes to be able to get some part of that through. we could pay for it through increased growth because interest rates are so low. as a percentage of gdp, rates are lower now than they were at the turn-of-the-century when we had budget surpluses. joe biden takes office under similar circumstances but he is -- alix: michael mckee. we are also watchi

but it will be more expensive, the disruption will make trade more difficult and it will take longergoods and that has been factored in and it might also increase the freight rates because some hauliers will also try to increase their prices to cater for that. thank you for being on the programme. we shall talk to more about brexit and implications in a moment but let's now get some of the other business stories. spain and the uk struck a last—minute deal over gibraltar that eases access to the territory and removes the threat of fresh restrictions at the border with the european union. the territory will operate under passport—free schengen terms for the time being, but the final agreement is expected to come into force within six months. last year was the worst for the british high street in more than 25 years as the coronavirus accelerated the move towards online shopping. the centre for retail research says nearly 180,000 retail jobs were lost in the uk in 2020, up by almost a quarter on the previous year. adobe flash player, the browser plug—in that brought rich animations and i

we will see how this goes. we will get feedback on the time of day. ok. i have several announcements for you today. to begin, i know many of you and the american people are interested from the news coming from johnson & johnson's trial data. the president is encouraged about the data about a potential new vaccine. he knows this is just new data and now is the time for the fda to do its job to evaluate the safety and efficacy of the vaccine. he continues to urge all americans to mask up and follow public health guidelines until it is their turn to get vaccinated. i know there might be a lot of questions about the trial data or johnson & johnson. i will not get ahead of the experts, who you all get to hear from in the next hour in our public health briefing from the covid response team. they will discuss this and what this means then. at wednesday's briefing, i shared some of the engagement and outreach the white house is doing to move forward the american rescue plan from the president, vice president on down. that work has continued and accelerated. yeste

you will then— will have to quarantine. you will then have — will have to quarantine.the uk mainland. that happened — travel from the uk mainland. that happened for a long period, unless you were _ happened for a long period, unless you were an irish resident, you couldn't— you were an irish resident, you couldn't get back in. and even if you were, — couldn't get back in. and even if you were, you had to use effectively rescue _ you were, you had to use effectively rescue flights. you should be fine on wednesday to come into the uk. but i on wednesday to come into the uk. but i would — on wednesday to come into the uk. but i would say only do so if you are planning to stay here for a good, — are planning to stay here for a good, long period because there's every— good, long period because there's every chance that you won't be able to get _ every chance that you won't be able to get back — every chance that you won't be able to get back to ireland again. it is fine at _ to get back to ireland again. it is fine at the — to get back to ireland again. it is fine at the mo

will my right hon.norable friend commit to my campaign to establish a flood control centre in stafford that residents can call directly, which would provide 24/7 assistance for my constituents affected by flooding? p.m. johnson: i have every sympathy for the residents of stafford who have been affected by flooding and for everybody who has been affected by flooding in the latest bout. what i can say to my honorable friend is that the environment agency is working hand in glove with her local authority and other partners to find a particular solution to the flooding in sandon road and sandyford brook. >> thank you, mr. speaker. my constituency is served by two local councils. recently, bexley has taken emergency action to shed hundreds of jobs, while greenwich needs to make £20 million of cuts in its upcoming budget. last year, the secretary of state for housing, communities and local government promised councils “whatever it takes” to get through the pandemic, so why instead is the prime minister droppi

we will top out at 60 tomorrow in oakland. redwood city will go to 61. these numbers are no different than what we have been doing for three weeks. they will be very different by the end of the week. like 10 degrees warmer than that. enough you will notice it will feel quite different with this warm up coming our way for thursday and friday. if we look out on the pacific, there is the storm track. all that energy just getting blocked because as -- as the energy approaches california, it hits this little ridge. that is like a block in the atmosphere. center of high pressure right here will force all of that rain to go up there. and we may come close. there is nothing on high def doppler now. watch what happens in the next few days. look at where the rain will go. up there. we just watched monday through wednesday. we have to play that again closer in. look at tuesday afternoon. we could see a few light showers. that is about as close as it will get. some of the models are a little more bullish on this. maybe we will get more measurable rain. for right now

if this will be the case, there will be a case for further extraordinary measures.his is a discussion and we hope to have less uncertainty. >> politically, the situation looks very tricky. in the spring, italy should have a 10% payment from the recovery fund. can they access that money? do you worry that all this political inciting means the money won't be used well? paolo: of course the money will come to each member state. in the discussion with the european parliament, we brought up from 10% to 14%. this will be for each member state. it is not a problem of the quality of the government. as far as the italian situation is concerned, it is difficult for us to commence internal politics to avoid to do this for me as former prime minister peered in any case, -- minister. in any case, for the reasons you are mentioning, italy will be crucial for the success of the european next-generation plan, and we need it to be stable. guy: the european commission's paolo gentiloni speaking earlier today. let's get a take on this. 123, 120, a lot of people expecting a double-dip

the process here will be traditional. they will have a conversation. they will have lunch. senator romney will take a beverage or dinner with the president and they will figure it out. that is part of the shock. jonathan: policymaking might be boring down in washington dc again. lisa: that we could talk about some of the real issues. how do you bridge the gap between enthusiasm of stocks and the reality of the economy? jonathan: good morning to you all for our audience worldwide alongside tom keene and lisa abramowicz, i'm jonathan ferro. this is bloomberg. karina: president biden plans to issue a set of executive orders and fighting the coronavirus. they will reverse some of donald trump's most criticized policies. he were overhaul and unify the approach to virus testing and stabilize the supply chain for critical medical supplies. it will increase the government's ability to provide rapid tests and vaccinations. infectious diseases cheap anthony fauci pledges his commitment to the agency today on a video link. the u.s. will join kovacs, the multinational effort seeking to

we will see those clouds for the rest of us. temperatures will be warming up.ise as we look to the end of the workweek and into the weekend. happy monday. back to you. >> all right. thanks so much. thanks for watching kpix 5 new . new >>> good morning to you, our viewers in the west, and welcome to cbs this morning, it's monday, january 11th, 2021, i'm gayle king with anthony mason and tony dokoupil. video shows the extreme danger lawmakers and staff faced during that attack. >>> big tech cracks down on hate on social media, how companies like amazon, apple and google are trying to stop new attempts to organize violence online. >> america is still struggling to meet covid vaccination targets as the death toll spirals. we'll take you to a hard hit california area where hospitals are barely keeping up. >> and more of our exclusive interview

, the company says there will be fluctuations, it will affect late january, early february, but it willom late february to early march. it is helping to deliver a 2 billion doses worldwide by the end of the year. the uk has ordered a0 million doses of the pfizerjab. we understand that 22 deliveries have so far reached the uk. it is not exactly clear how much is ready to go in the uk, but we also have the oxford vaccine, the uk government pre—ordered 100 million doses of that vaccine, which is manufactured in the uk, although patches do have to be certified before they are released, we understand the government says it is confident that it will hit 2 million doses per week, and it is, you know, still on track, it says, to hit its target of 15 million vaccines delivered by the middle of february, that is in four and a half weeks' time, to cover all those over 70, health and care workers, and clinically extremely vulnerable people. talk workers, and clinically extremely vulnerable people.— workers, and clinically extremely vulnerable people. talk to us about the latest figures _ vulnerable

we will not just enforce our will. legislators have to look at it and digested and they have to buy into it and then there is action required on it but i believe him sending it up so early is a statement of value and a statement of priority and that is the key to it. >> and then at the end here just finally cedric, how do you all want to be judged by the end of the first hundred days or do you think that's a silly marker and not enough time or whatever you think is longer than that but how should we in the media and the public judge success or failure in this first few months? >> look, i'm not being flip, i just don't know how to answer that because as i've been with president biden for the last two and half years people -- he's been the underdog the entire time and people have underestimated him and talked about the hurdles he faced and then very rarely do they talk about him rising to the challenge, whether big speeches or primaries when we were counted out and whether it was the debate performances or when -- in win

i don't get it, it will give trump publicly which he loves, it will make him a martyr, it will not succeed a lot of bad things and maybe he gets indicted in georgia for the southern district of new york but to take this kind of time on impeachment to me is a miscalculation. guy: we always appreciate your time in your calculations, thank you very much. joining us now to give a market persuasive to follow-up is the main state capital strategist. greg thinks we can get 1.4 or 1.5 out of a stimulus but what do you think the market has priced in so far and would that be enough to keep the train on the tracks? >> i think the market is probably pricing in 1.1-1.5. there has been a lot of bantering within congress about what the level will be. we know it won't be 1.9 but probably lower which is still a lot of fiscal stimulus on top of what we have had so far. it will come at a time when we think -- it depends on what happens with the mutant virus that we are not sure how that will affect the numbers. the number has been coming down more recently. the rate of the cases of hospitalizations are comin

it will be supported.er that will be good enough for the equity market which is pricing in a strong recovery over the next couple of years, we will have to see. there is optimism there. but at the end of the day, it will not be a feel-good economy for people necessarily, because you will not go back to a high-growth, high-pressure economy, but it will be a positive investment backdrop across fixed income for the next 2-4 years. lisa: this raises a real existential question for the federal reserve, which is, how do they backout of what, they have done in terms of market influence should inflation start to pick up, should the economy recover? is there an exit strategy? robert: the first time i can recall the fed really being concerned about the exit strategy was 2009. they called people like myself into big meetings to talk about and to impress the market with the ability that they would have, with their big portfolio, to push that out on loan and take liquidity out of the market to head off any surge of inf

therefore, i will work, i will save, i will sacrifice, i will endure, i will fight cheerfully and doutmost, as if the issue of the whole struggle depended on me alone." the crisis we are facing today does not require of us the kind of sacrifice that martin treptow and so many thousands of others were called upon to make. it does require, however, our best effort and our willingness to believe in ourselves and to believe in our capacity to perform great deeds, to believe that, together with god's help, we can and will, resolve the problems which now confront us. and after all, why shouldn't we believe that? we are americans. god bless you, and thank you. [applause]

when will it end?se, will depend on the success of the government's vaccination programme. there was some good news for businesses. chancellor rishi sunak saying they will receive support grants worth up to £9,000 to help them survive the latest covid lockdown. 0ur political correspondent damian grammaticas reports. the heart of london today. still stop the pace of life flowing again. new restrictions coming into force right across the country. quiet in downing street, at the centre of this national emergency from where the prime minister laid out the new measures last night. with most of the country already under extreme measures, it's clear that we need to do more together to bring this new variant under control while our vaccines are rolled out. under england ‘s new stay—at—home rules you will only be allowed out for work can be done at home, for education, child care or medical reasons, shopping for essentials like food and medicine, and to exercise but only once a day. and in addition, schools and

what will turn people off? must disagree with the previous guest, i think the stimulus is not going to be as plentiful as a lot of people assume it will be. also evansostic and are planting the seed. they are laying the groundwork for them to take this back. once the economy, assuming these vaccines work out fine, even if they take slower to implement, the stock market is so far ahead of the economy if they keep pumping with the pedal to the metal, we will see not just tesla and bitcoin, they don't want to have another bubble, they don't want another force another huge bubble because with the level of debt in the system and corporate debt around the world, that would be very difficult once it cops. so i think and they are going to indicate that they are easing off. every time the program has been tapered back, whether it's qe1 or qe3, each time it has ended the market has pulled back and seen a correction. , whenn the past summer the pandemic slowed down during the warmer weather, the fed quietly pulled back on

each of these emergency teams will include 14 guard members who will actually assist with the administering of the vaccines and who will also be able to help provide logistical support for vaccination clinics. through the maryland response medical reserve corps, which i announced earlier of retired and/or volunteer health workers, we've already identified 700 qualified people who are ready and willing to assist local health departments and other clinics with the administering of shots and we are sharing that information and with county health departments to enable them to expand their clinics to seven day a week operations. we've also offered assistance to the maryland hospital association and offered every single resource at our disposal including additional vaccinators, logistics support, ppe or whatever we can possibly provide to help them speed up their pace of vaccinating their workers. slow and uneven data reporting has made it difficult to determine where there are issues. they said they are doing vaccinations but they haven't reported any at all even though they've done quite a bit.

and all of these vaccinations will _ delivered. and all of these vaccinations will be - delivered.ll be done l delivered. and all of these l vaccinations will be done on delivered. and all of these - vaccinations will be done on an appointment basis?— vaccinations will be done on an appointment basis? certainly the ones in primary _ appointment basis? certainly the ones in primary care _ appointment basis? certainly the ones in primary care will - appointment basis? certainly the ones in primary care will be - appointment basis? certainly the ones in primary care will be done appointment basis? certainly the i ones in primary care will be done on an appointment basis. i believe the ones in mass vaccination centres also are done on an appointment basis. but we have seen other countries in the world that have had drive—through centres and things. i can't predict the future but it may be that, as we roll this on to the further priority groups and interface two, you may turn up and get vaccinated strategy but that hasn't been decided yet. a, get vaccinated strategy but that hasn't been

all schools will be closed and most students will switch over to computer learning.eople will be required to stay home unless they have a specific reason to leave, the alert level for the uk was raised to the highest level level v meaning a material risk of healthcare services being overwhelmed. the prime minister warned hard weeks ahead and said this. >> with most of the country under extreme measures it is clear we need to do more to gather to bring this new variant under control while our vaccines are rolled back. >> reporter: american officials are being criticized for slow vaccine rollout in many states. 4.5 million people have been vaccinated in the us, four states reporting new covid-19 variant. in israel, 1.9 million people are expected to be vaccinated by this we can, gives you some numbers overseas to contrast to what is happening in the united states in terms of the rollout for the modernand pfizer vaccine. >> back to talking about georgia for a couple minutes. there is so much money being spent on these senate runoff races and people question there is a b

i think we will have recourse, i'm not sure exactly what that will be, hopefully we will need to utilize it. but has the full force and effect of law. as a federal contract that they do have the full or directives. [inaudible] [inaudible] they can't get a vaccine, but it just comes up the process. so if are not qualified, you're not going to get one. and you should not slow down for bales. >> no-no what. [inaudible]] >> i do, i said the same thing on television a week and half ago or two weeks ago. this is no time i don't think to be pointing fingers. this is a massive undertaking, and the the good news is this is way ahead of schedule. in the good news is as i said, we're getting vaccines into arms. and that is a hopeful positive message. the mattress or the second doses. the bad news is it's not going as fast as anyone wants, i look i'm not going to be happy and to work done. i'm going to keep pushing and driving 247, and i'm not going to leave any stone unturned until we can get done. much is the way i am. so never going to be satisfied, but i don't want to place blame anywhere. but r

there will be setbacks but i will be honest with you. more people we in accordance -- vaccinate, the faster we do it, the sooner we can save lives and put this pandemic behind us and get back to our lives and loved ones and the sooner we can rescue and rebuild our american economy, the biggest and most profitable engine in the world -- i know it's been nearly a year. it's tested us beyond measure. for all of you who have lost someone, my heart goes out to you. i know that feeling looking at an empty chair across the table. all of you have fallen on hard times, i know you can never get back what you lost, but as your president, i know that every day matters and every person matters . of the very first to the nearly 400,000 lost souls and counting. i promise you, we will not forget you. we understand what you're going through. we will never, ever give up and we will come back. we'll come back together. but we didn't get into all of this overnight. we won't get out of it overnight and we can't do it as a separated and divided nation. the on

chair says it, they will. president-elect joe biden is introducing key members of his economic team that includes marty walsh of boston. he will be nominated as the labor secretary. he is getting his team together. we see the next presidential agenda being shaped. we still have 12 days. tom: we saw that in the video released by president trump as he looks for a smooth transition. more on that cross surveillance with important voices on washington as well. , you now on this jobs day get lucky and she was scheduled to be with us from td securities. topic of friday, it is an exceptionally strong research flow this morning across surveillance test. priya i need to rip up the script. is is inflation and the expectations of larger inflation real? is it nothing more than the base effect of oil price change and also the dynamics of the u.s. dollar? standard charter writing on this this morning. is the coming inflation tangible or is it a statistical mirage? priya: great question. i think that is the macro team we star

we will be transparent with you. and i will you my best counsel and i will seek yours.they just like you, i will take seriously the any challenges facing our country the most immediate of which in my view, is the pandemic. and confirmed i will quickly review the contributions to thet coronavirus relief efforts in ensuring that we are doing everything that we can still distribute the vaccines across the country and vaccinated troops and preserve readiness. also do everything we can for military families. they too are educating his home and losing their jobs and trying to stop the pantry. i know this committee shares my view that we owe them our best efforts to lighten the load. we also owe our people are working environment free of discrimination and harassment. and if confirmed, will fight hard to stamp out sexual assault . and the racist and exhibits integrated climate where everybody has opportunity to serve with dignity. the job in the department of defense to keep referencing from our enemies . we cannot do that if some of those enemies are from our own ranks . for

it's hard to predict who will hit cars will go mainstream. or the necessary infrastructure as well as a social acceptance. but i do believe that flying cars will eventually transform our lives you don't know. then got it all. in cities like new york it's all follow shanghai beijing and other places where space is scarce the global it leads people with money want to be able to move around quickly to take creased demand this will probably just be a solution for the mobility problems of a very small percentage of society i'm ability elite fancy speech this for the super rich that's not what i had in mind in japan they're not just planning for the rich by 2023 japanese megacities want to have commercial sky taxis that's why the government's investing in businesses like sky drive in august 20. the start of the 1st manned test flight by call the cassandra bowl got an exclusive glimpse of what happens inside the secret research center. this is japan's 1st flying car i definitely need to see this and of course fly in it too when i think of flying car

is what we will do, and we will get these vaccines done.will get these vaccines done. what a lovely message to and on. _ will get these vaccines done. what a lovely message to and on. doctor i lovely message to and on. doctor helen, really grateful for your time this morning and gratefulfor all the work you are doing. i know it is really tough, but as you said, something that you willjust get on with. thank you, and we wish you the best of luck with the rollout of the vaccine. thanks for your time. thank ou ve vaccine. thanks for your time. thank you very much- _ vaccine. thanks for your time. thank you very much. she _ vaccine. thanks for your time. thank you very much. she is _ vaccine. thanks for your time. thank you very much. she is absolutely i you very much. she is absolutely riaht, you very much. she is absolutely right. isn't _ you very much. she is absolutely right, isn't she? _ you very much. she is absolutely right, isn't she? when _ you very much. she is absolutely right, isn't she? when you i you very much. she is absolutely r

and i think they will be ecstatic and we will be left holding the bag. host: jonathan, in canton, ohio. caller: happy new year. host: happy new year. caller: i'm glad to speak. it's interesting to hear the comments that people are speaking about in reference to joe biden. mcconnell,sting that it's funny that they say in god we trust. and if we believe in the lord and christ, we would not have these lies, name-calling and all of that. you would not be worried about those types of things. if america really wants to come together and be cognizant of do, i thinkts us to they would not be talking like they are. on the cross, and what christmas is about. god is good. if you want to have a blessed america, at least joe biden is a little more positive than trump. host: another text message from a viewer. i'm optimistic about 2021. i think the biden-harris team will be good for the country. signed to say -- time to say good riddance to 2020. paul, in portland, maine. caller: i just wanted to comment about the conservative radio talkshow host. i believe there's ap

that will be a lose-lose situation rather than a situation that will help europe win.eu is looking to resolve its standoff with astrazeneca today which triggered these concerns about delivery. officials representing the national government of the european commission will demand that the company meet its vaccine commitments. that's the context of vaccines. quick snapshot of what's going on with markets. 83 days since the last fed meeting. flat on asian equities. s&p coming back. microsoft up 17% after trade, delivering on the cloud platform. the dollar back to flat at the moment. well tonight's fed meeting be a zero-sum squid? i'm not sure what other cliches we can pick up on that. will the tone be different? good morning. annmarie: that is certainly front and center. i want to turn to russian now. protests are opting nationwide over the detention of the opposition leader. the rising tensions come at a time when the country is grappling with covid-19, weak economic outlook, and simmering political risk. our next guest is alexey mordashov. very good morning to you. thank

also this year will be looking out for snow. they will be under winter storm watch. this could be big up to 18 inches and they are looking out for another system. more rain in the forecast for next week it's a pretty good- looking 5-day forecast. we start off cloudy , and sunday we could catch a few brakes. and then here comes the rain on monday. and wednesday night we have another system coming our way. there is some concern about burn scars from the wildfires that we had. we don't want to get too much rain to quickly. if that system moves quick enough we should have a prom . >> it's certainly something that i will be keeping an eye on to try to mitigate any issues . we will to make sure people are staying safe. it's a very good sign that that storm door has opened wide. and we have a chance to catch up on that rain deficit. >> we are always concerned about the burn scars, we definitely need the rain. we welcome that. thank you so much. >>> with the 2020 behind us we can focus on what is coming in 2021. in the world of business there's a lot to look forward to. ces

many there will be. , . . ., will be.having both in the studio! just - will be. it is much nicer having both in the studio! just on - will be. it is much nicer having both in the studio! just on the | both in the studio! just on the joblessness, some figures on this, we are 4.9%, uk on implement rate, so in every country doing badly. —— unemployment rate. so in every country doing badly. -- unemployment rate.— unemployment rate. there is a big ruestion unemployment rate. there is a big question about, _ unemployment rate. there is a big question about, when _ unemployment rate. there is a big question about, when do - unemployment rate. there is a big question about, when do we - unemployment rate. there is a big | question about, when do we peak? unemployment rate. there is a big - question about, when do we peak? you hear different answers, and clearly furlough _ hear different answers, and clearly furlough being extended, the first cliff edge moved, but ultimately, i think— cliff edge moved, but ultimately, i think the

it is definitely something we will favor. it will definitely help gdp.xports will continue to lead that recovery. with this delay in the normalization process, south korean exports will continue to benefit. they will not disappear outright in 2021. demand is going to be a little more complicated. bank of korea signaled they are not keen to implement additional monetary easing. it will be a matter of allowing that vaccine program and allowing for that normalization to kick in and to boost sentiment and have consumers return to normal consumption patterns. no time before the end of the year 2021. haidi: i'm glad you mentioned consumers. we also have production numbers out for china it i am more curious about the consumer side. is there a concern the lack of travel, some of the outbreaks we have seen will mean muted numbers coming out of the chinese new year season? >> there are two things. first of all, the numbers last week were a little disappointing. i would remain still on a cautious side. we do expect a recovery will be domestic consumption led in chi

yes we will get rain but the wind will make it feel a little more unpleasant to be outside and that will come primarily in the afternoon. the daytime highs today come up into the low 60s for most spots. look at the rainfall totals for tomorrow. we pick up half an inch of rain in the north bay and less than that and the south bay, probably more like 210 7 inch of rain and that snow in the sierra focused on monday, watch what happens on monday, that gets us up to just over 1 foot of snow throughout the day monday to tuesday and because of that we have a winter storm warning that starts at 4 am tomorrow. it doesn't expire until 4 am on two. more rain coming wednesday by the way. here is the rainfall just for wednesday and tuesday will be a day off with no rain, but wednesday the neck system comes we pick up about a quarter of an inch of rain and then going into later next week we could see if you showers. it will be a bit busy for a little bit around here.>> as i was driving up this morning there was heavy fog in san jose and north of the peninsula and as you got to the airport it was reall

we will also reveal our silver medalist who will be considered for a national award. you can still register for a seat, just go to our jefferson awards page at kpix.com/hero. >> some great winners. back to our storm watch , a serene snowy scene on geysers road in sonoma county. you can hear that wind howling there. the viewer who sent this video estimates a good 7 to 8 inches of snow had a cumulate on the ground. check out mt. hamilton in santa clara county, the lake observatory at its peak barely visible through the dusting of snow there. >>> beautiful shots, but i know that the storm is coming but we are not quite out of the woods yet, paul? >> hazards of rainfall too much of the bay area. in the high sierra, they're talking about 3 to 6 feet of additional snow on top of what we just saw during our 5:30 segment. let's focus on the radar, we zoom into the north bay, and i put the storm report on the map of that float located along highway 1. showers moving further north, these are mostly light showers but it only takes a little bit when the ground is saturated, espec

all right, and on the way up we will take your other kneecap and will get up and that will take three shots to get us down and when we do we will take another hunk out of you. for long we are going to be the last one standing. >> wow. sounds like the warriors at the top of the hour. the warriors will host the knicks at chase center, hoping to carry over some of that mojo gain from the blowout when over the spurs. now, james wiseman put on a show last night with all of those, they scored a career- high 20 points, they had nine chances on that game and then have steph curry's game that he is not quite confident in. >> no. i mean, my boys fisher-price, that's it. >> sticking with the fisher- price team, this was sent in by dan. that is his four-year-old son, grandson luke from brentwood. luke is not catching anything in the pool but his technique is flawless to go very soon (ringing) - hey kaleb, what's up? how you doing? - hey, i'm good, guess what, i just had my 13th surgery. - really? i just had my 17th surgery. - well, you beat me. - yeah it's true. how are you doing? - i'm doing goo

we will have to see. at the moment, if you look at the index, it is extending gains after the new york stock exchange announcement. it seems to be a positive driver at the moment. >> certainly the latest twists and turns. thank you very much. our market live editor in singapore. up next on the program, winter of discontent. the u.k. goes back into lockdown in an attempt to stop hospitals from being overwhelmed. we had news from scotland and england yesterday. will brexit add to the mix? this is bloomberg. ♪ ♪ you can go your own way it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get nationwide 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get nationwide 5g included and save up to $300 a year on the network rated #1 in customer satisfaction. it's your wireless. y

we will see. amanda: dan, if it is too early to make an inflation but, that is not something you have a luxury of resting on. what bet do you place in that context? dan: i am being very cautious, quite frankly. perhaps overly so. you watch your maturities. this is no longer a time to run out and buy 30 year. you will have some, depending on the liability is, some on the longer indices, but much longer than normal. you want flexibility inherent? because the market that is so supported by liquidity now is probably going to continue to be supported by liquidity. but i used the word probably, not certainly. not that many years back we have had several instances where on the fixed income side the bid has vanished. you say, well, that can't happen this time because the fed is there. yes, that is true, what if something happens to interrupt that, then it is your bid? more importantly, the aftermath is the impact on credits is basically, again, another unknown. i am being extra cautious on the credit side

the first quarter will be hell, then it will pick up a lot.or me, when i look at the whole year, and zanny have to look at the whole year, coronavirus is it, but to respond to zanny's point, i don't think we have hidden the netgear -- the nadir. we have the fbi korea -- providing credible information on all 50 u.s. capitals and washington, d.c., not puerto rico, with armed demonstrators plans on showing up. we see platforms -- i'm sure we're going to talk about this -- by far the most meaningful thing that has been done to him -- impeachment will largely be a party line vote. this is, i think, going to reduce the support for trump, but not by much, and will make the hard support for trump angrier and more violent. i am somewhat more optimistic because we now have a 50/50 with in the senate. that does mean trillions of dollars of support for both red and blue states that are facing bankruptcy for working-class people -- $2000 checks for each person -- a family of four, that is a significant mandate. that does make me feel a little bit better, b

[applause] ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ you will be found ♪ ♪ you will be found ♪ you will be found ♪ there's a placefeel unknown ♪ ♪ ♪ out of the shadows ♪ ♪ the morning is breaking ♪ all is new ♪ it's filling up the empty ♪ and suddenly i see that ♪ all is new ♪ all is new ♪ even when the dark comes crashing through ♪ ♪ when you need someone to carry you ♪ ♪ when you're broken on the ground ♪ ♪ you will be found ♪ so when the sun comes streaming in ♪ ♪ you'll reach up and you will rise again ♪ ♪ if you only look around ♪ you will be found ♪ you will be found ♪ you will be found [applause] raise your right hand. i, spencer cox, having been elected to the office of governor, do solemnly swear, that i will support, obey and defend the constitution of the united states and the constitution of this state and that i will discharge the duties of my office with fidelity. >> congratulations. [applause] [applause] ♪ ♪ ♪ ♪ [background sounds] [background sounds] [applause] ♪ ♪ ♪ ♪ ♪ will will will ♪ ♪ ♪ ♪ [applause] ladies and gentlemen, the 18th governor of the great state of utah, spencer j cox. [applause]

we will wait and see how the fiscal policy will unfold, where monetary policy will take us.et's look at where european equities have closed. we are done with the week. european equity markets are closed. and we finished down today, on the week as well. london held back. not much movement during the auction but london held back. astrazeneca is down quite sharply in terms of the points taken off of the ftse 100. more coverage at the top of the hour on bloomberg radio with the cable show live in the london area. those are the numbers. this is bloomberg. ♪ >> this is bloomberg markets, the european close. coming up the former u.s. trade representative. that is at 1:00 p.m. in new york, 6:00 p.m. in london. this is bloomberg. ♪ guy: it has been a tense week between the eu and astrazeneca over vaccine delivery. eu officials outlining this afternoon a drastic plan requiring drug companies to get prior authorization before sending shots manufactured within the bloc to other countries. the eu health commissioner explained the reason for the move earlier. >> today we have developed a

that's how it will be.. >> i think some pals don't think it's that relevant if you talk about changes in the capital gains rate, carried interest and how all of that may follow through in the years ahead. there could be a change for many, many people on wall street >> yeah, that's wall street. when you are looking at it for most americans, what most americans are worried about is not wall street. what they're worried about is that for them, things are working. so if you got this stimulus checks that are coming if you got capital going into the system, if you've got positive uv, that's great for the vast majority of americans it may not be good for americans that don't want their capital gains stock going up, nobody is, i don't think congress or the president will be focused on that they will be focused open how are you helping the vast majority >> you have good visibility into china. what do you think the relationship is going to be between the bidened a men strikes and china? >> i think it's going to be be

there will be some scary -- the wave of bankruptcies that we will see, the npl's that will go up. do not think the risk of amplification at this moment is really a pressing risk, but it is also something that we need to monitor. there will be some scaring, but i am hopeful that this will not be too big a problem going forward, and that at some point we can reach full capacity again and draw other people into the labor market again that have lost their jobs or that are about to lose their jobs in the coronavirus. francine: governor, given what you just laid out, why do the markets actually see a little chance of a -- klaas: markets, of course, look at the inflation outlook, and markets know that we have an objective of below or close to 2%, and there are very few market participants that actually predict us meeting that target and, let's say, the next two years or so, which is the horizon that most market were dispensed focus on, which is not necessarily the medium torn that we -- medium-term that we focus on. i want to insist on that point. but since inflation, and most projection

also, under joe biden we will see if this war on tech will continue.e that could interrupt the chinese growth story. also, china still needs to integrate the larger part of its population into the wealthier more prosperous part of the society. for that, do they need growth? it is an extreme challenge. the final point -- when you look at leverage and indebtedness, and fiscal stimulus -- could we see some ceiling there in which the growth can no longer be debt-financed in china. matt: carsten, thank you for joining us. carsten brzeski is chief economist at ing germany. he will continue with anna and i on bloomberg radio. if you are in london, you can listen on dba radio. the european leveraged finance association has a new ceo and she is making sure the industry focuses in on eng. next up, we will speak with sabrina fox. anna: welcome back to the european market open. 21 minutes into the trading session. not down by much. martin luther king day in the u.s. means we will be without our u.s. friends later in the session. the new ceo of the european leverag

it will not cause a loss of jobs. it will actually stimulate the economy. the other thing was an increase in earned income tax credit. a way of rewarding work -- we need to do that more, and a lot of my more conservative friends agree that is important. they would rather have more of that. they think in the balance, they would like to see an increase in the earned income tax credit. one of the things that is very notable about the united states that distinguishes us from other advantage countries is we do not have an ecosystem of social protection. an example was very manifest in the pandemic. we do not have mandatory paid sick leave, and the consequences of that, with so many americans living paycheck-to-paycheck, they went to work even when they were sick. it's bad health policy, but it is also cruel. included in this package was better social protection. these are measures they put as temporary. they need to be part of the long-term. caroline: we want to thank you, of course. nobel laureate and professor of economics at columbia university, thank you so

we will never, ever give up and we will come back. we'll come back together.won't get out of it overnight. and we can't do it is a separated and divided nation. the only way we can do it is to come together to come together as fellow americans as neighbors. is the united states of america, and when we do, there's nothing beyond our capacity. i've said this many times when america acts as one. there's never been a single thing we've been unable to do no matter how consequential this year's been out of all the peril of this moment. i want you to know. give your word. i see the promise promises. well, we've seen clearly what we face now. i remain so optimistic about america. optimistic as i've ever been. we have everything we need, but the will must be demonstrated. so come wednesday, we begin a new chapter vice president elect and i will do our best to meet all the expectations you have for the country and the expectations we have for. i'm confident. i'm truly confident. together together, we can get this done and come out better off than when we went into this

tuesday we will get breaks in the sky. it will also get wendy, that is the other element. let's watch the winds pick up here as we get into the early morning, but it is really right here, as we start to work our way into the late morning and early afternoon that the strongest winds come through. you can see how the direction changes with this as well as the cold front passes for the bottom line, it is not just rain tomorrow, it will be noticeably windy with a system as it comes through, and that is just adding to the unpleasant aspect of being outside. when the rain is going sideways a little and it is gusty winds around 30 miles per hour. in terms of how much we will get, the numbers are definitely better here in north bay. half an inch of rain in general, and as we get to the south eighth we will rain. it may only be 210 seven inch of rain, but even in the santa cruz mountains where we have concerns for the burn scar, it shouldn't be a downpour. overnight lows come back into the upper 40s, tonight daytime highs come back into the upper 50s and as we look at the seven- da