comcast business. powering possibilities. ♪ up up up up up up up up up up up up up -- host: a career in public service. the vietnam veteran turned activist who dedicated his life to serving his country. john kerry has a new mission, noting a consensus to tackle climate. mr. kerry: what i love about it is an issue -- is an issue everybody is seized by. people realize this has the potential to beat the future for a lot of people but it is

comcast business. powering possibilities. >> from the heart of where innovation, money, and power collide, in silicon valley and be line -- and beyond, this is "bloomberg technology." ♪ caroline: i'm caroline hyde, in for emily chang. this is "bloomberg technology." anna cutting edge chip fabrication plant in the longhorn state. troubled

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. mark: vladimir putin has a message for the united states. moscow will not tolerate creeping expansion by their armed forces. into the ukraine, the united states is raising the alarm with european union allies that russia may be weighing a potential repeat invasion of the united states. this comes as tensions flare between moscow and the block over vibrance and energy supplies. washington is monitoring the buildup of russian forces near the ukrainian border. covid-19 cases are serving debt surging in beijing, and all activities there have been moved online. the city is experiencing more infections in the different cluster than any other time in the past 17 months. in thailand, bars and pubs, karaoke operators, other night entertainment venues are closed for at least another two months to prevent them from becoming new covid-19 clusters. early signs of a covid-19 resurgence are popping up in the united st

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available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >> this week, negotiations at 26 reached fever pitch. nations tried to resolve a commitment to 1.5 degrees. >> i am confident we can get there. human beings created this problems. human beings can solve it. >> protesters echoed the words inside the glasgow conference center. not enough has been done yet to stop global warming. >> we are talking about different galaxies. all we can hear is empty words, empty promises. >>

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available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. anna: morning a welcome to "bloomberg markets: european open." i'm anna edwards in london. mark cudmore joins us from singapore. the cash trade is less than an hour away. concern, not panic. president biden urges americas not to overreact to the new variant. moderna's ceo predicts vaccines will struggle with the

comcast business. powering possibilities. >> today i am announcing the largest ever release from the u.s. strategic petroleum reserve will help provide the supply we need as we recover from the pandemic. >> this pandemic would be end in a cover time. >> i do not think it will have an impact on our intention to wind down the pandemic emergency purchase program. >> this is "bloomberg surveillance: early edition" with francine lacqua. francine: good morning and welcome to "bloomberg surveillance: early edition." i'm francine

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. jonathan: what a week it has been. trying to get you to the weekend, this is "bloomberg surveillance." potentially the biggest weekly loss since early october. bond market yields are higher by more than 10 basis points. a big move on 5's and 2's. the cpi print has brought to life the outlooks for next year making people rethink how aggressive the fed might need to be. lisa:: this is not just an energy story. i think that jolted people. jonathan: inflation print, "broader and stickier." tom: i would go to j.p. morgan tonight, weekly prospects and rbc capital. the keyword is broader. i did not expect that, and yet here is. jonathan: standard chartered put it perfectly, it is as bad as it looks. i mentioned this yesterday, worth mentioning again. you still get 5.4% at an annualized pace and rising. this is the issue for me. we started the year, the transitory story made sense. we had temporary factors forc

comcast business. powering possibilities. ♪ >> the call on the fed really is the derivative of the call on the u.s. economy. >> anybody who says they can nail down inflation forecasts over the next year probably has too much confidence. >> it is unsurprising that economists are all over the map. >> probably -- going forward in our economic process. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone. a simulcast, bloomberg radio, bloomberg television. ferro off. we had to beg kailey leinz to come in. we are thrilled she could join us this morning. so many stories this morning centered on the president. does he pardon the beast? have the turkeys already been pardoned? lisa: have you seen the pictures

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. emily: welcome back to "bloomberg technology." i am in san francisco. amazon gave visa a one-two punch. first, amazon saying it will stop accepting visa credit cards as a form of payment in the u.k. starting next year. now, bloomberg is reporting amazon is in talks to switch its own co-branded credit card from visa to mastercard. ed ludlow is standing by with more. what do we know? ed: for a long time, amazon a

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. francine: welcome back to the open. 30 minutes into the european trading day, here are your top stories. bloomberg has learned that the e.u. will recommend a nine-month time limit on covid vaccines for travel purposes. meanwhile, germany's covid death toll passes 100,000 people as a new chancellor comes into office. this is the picture for the markets, but of course, it is very thin volume because it is thanksgiving. tom: equities in the u.s. will not be trading today, but we had that data deluge out of the united states, and there is that battle between continuing high prices and inflation remaining significant in terms of a 30-year high, highest level since the 1990's, in fact, and that strength of the american consumer. that resilience still there on the back of these balance sheets. across europe, taking a cue for the gains you saw toward the close in the u.s. yesterday, looking through some of the

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. lisa: 30 minutes until the start of trading, a softer tone as people reassess a more hawkish fed. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. lisa: we begin with the big issue, chairman powell's next chapter. >> this is a don't rock the boat move. >> there will certainly not be any conflict. >> elevating the voice of lael brainard to vice chair is important, while keeping the continuity of jay powell. >> we are at a point where stability is important. >> this is the central case markets expected. >> the announcement will give markets more confidence to move ahead. >>

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. 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. jonathan: from new york city for audience worldwide, good morning. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. jonathan: from new york, we begin with the big issue. one man's bubble, another man's full market. >> there are some extraordinary valuations. >> we forecast this multiple. >> it is my favorite call for 2022. >> stocks are still the most interesting investme

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. haslinda: -- anna: welcome to "bloomberg markets europe." the cash trade is less than an hour away. here are your top headlines. protests in europe. some violence as new lockdown measures come into force in some places amid rising covid cases. the treasury yield curve near

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. p- [announcer] imagine. having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match your own natural hair color and texture, so they'll blend right in for a natural, effortless look. call in the next five minutes and when you buy 500 strands, you get 500 strands free. call right now. (upbeat music) jonathon: it is a tougher session for the equity boards, down 43 with -.9%. treasuries getting back up off of that yield perversion. going into chairman powell at 10 eastern time and a fed decision on december 15. this coming from bloomberg economics, the chief economist with the outlook piece in the pace of the tapir is likely to double in january. the process wrapped up in march, and it will open up to a rate hike as march. the outlook from bloomberg

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. dani: good morning from bloomberg's european headquarters kid 6:30 a.m. in the city of london. i am dani burger with manus cranny in singapore. this is "bloomberg daybreak: europe." here is what you need to know. calls for cooperation. president joe biden and xi jinping hold their first official summit as they help to stabilize u.s.-china relations. the boe chief has concerns about surging prices. get the final piece of the puzzle today with vicki jobs report. plus, we are alive at adipec -- live at adipec. manus, good morning to you. the choir is growing of voices and former fed officials who say the fed may be on track for a policy error. this is something that jeffrey lacquered said on bloomberg teat -- jeffrey said yesterday. they need to recalibrate quickly. they need to start early next year in the first half, begin with the taper, and they will need some luck, he says. manus: if you think about t

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. vonnie: you were watching "bloomberg daybreak: australia." rep. griffith: turnabout is industrial firms rebounded for a second move driven by companies and sectors including mining and manufacturing of raw materials. industrial profit climbed to $120 billion in october. bloomberg economics as the acceleration was boosted by a surge in prices and recovery in output from the country's power shortage woes. president biden says americans will see prices at the pump fall but it will take time. he tweeted the message out to the west end of nations including china, japan, india, and u.k. announced they would release reserves. opec will be meeting this week to decide whether to go ahead with its july increase. a prime minister is imposing new legislation that would force social media firms to reveal the identities of anonymous trolls. under the laws people who believe that they have been defamed could get a cou

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. ♪ peer elaine: this is "bloomberg technology." i am caroline hyde. bloombergs ed ludlow is keeping an eye on all things crypto today. ed: crypto-currencies have been under selling pressure for a few days, a lot of chatter out there about growing regulatory risk. there is a story on the bloomberg about chartists looking to the technicals to try and find direction. we are softer as we spill into thursday's session. bitcoin is lower. i wanted to zero in on zcash. i have not tracked this token in particular but it had an astonishing day at wednesday, the best performing crypto currency. it has gone under the radar. we don't talk about it much. . the smartest $260 per token value. it has performed well your today, not at the highs it was that it may. it is similar to bitcoin, limited supply, 21 million tokens, basically designed with privacy in mind. there was news on november 19 the developers will move f

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. ♪ caroline: this is "bloomberg technology." i am caroline hyde. bloombergs ed ludlow is keeping an eye on all things crypto today. ed: crypto-currencies have been under selling pressure for a few days, a lot of chatter out there about growing regulatory risk. there is a story on the bloomberg about chartists looking to the technicals to try and find direction. we are softer as we spill into thursday's session. bitcoin is lower. i wanted to zero in on zcash. i have not tracked this token in particular but it had an astonishing day at wednesday, the best performing crypto currency. it has gone under the radar. we don't talk about it much. the smartest $260 per token value. it has performed well your today, not at the highs it was that it may. it is similar to bitcoin, limited supply, 21 million tokens, basically designed with privacy in mind. there was news on november 19 the developers will move from a

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. emily: welcome back to bloomberg technology. i am emily chang in san francisco. attached to new york where kriti gupta is watching the markets. kriti: in honor of president biden and xi jinping having a virtual meeting, i think we would walk down memory lane, the trade war of 2018 were you did have a lot of -- actively reflecting on the stock market. stocks in the russell 1000 had a lot more exposure to china. the y line is the russell 1000. you can see the underperformance, but that gap has seemed to close, telling you that trade war impact was so strong four years ago, but has faded. another place is the semiconductor space. a lot of american companies are dependent on semi's, and a lot of those makers have supply chains that extend all the way back to asia. they have been soaring due to the global chip shortage but it also has a lot to do with the active understanding that you need to chips for ev's

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. lisa: from new york city to our audiences around the world, good morning. 30 minutes until the start of trading. the nasdaq leading the trend lower. .7 percent decline after better-than-expected economic data brings forward economic expectations. i am lisa abramowicz. the countdown to the open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro. lisa: an economic peptalk ahead of the holidays. >> record job growth. the strongest recovery in the world. our economy has created a record 5.6 million jobs since i became president, but we still face challenges. challenges in our supply chain which is part concerns about shortages and higher prices. america has a lot to be proud of.

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. so many people are overweight now, and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat all while controlling stress and emotional eating. at last, a diet pill that actually works. go to golo.com to get yours. ♪ jonathan: live from new york city on bloomberg radio and tv, good morning. equity futures slightly negative, 0.04% lower. the s&p 500, in and around 7400. goldman sachs looking for 5100 year-end. they are bullish and expecting margins to keep growing even of cost pressure continues rising. at the front end of the yield curve, the bond market, twos, tens, and 30's, we are starting to think about rate h

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. dani: welcome to our special coverage. i'm dani burger with francine lacqua in london. here are your top stories. not taking any chances. more country's restricted and impose tighter curbs as omicron cases spring up around the world. relative calm. oil rebounds, treasury yields rise, and european stocks open higher after friday's selloff. welcome to our special coverage of the omicron variant and what we know and what it means for markets. we will be speaking shortly to linda bolt, a professor of public health at the university of edinboro and advisor to the scottish government -- edinborough and advisor to the scottish government. there is some talk that the reaction to the variant is overdone. francine: when you look at what that could mean for lockdowns and a pushes back on policy normalization we have talked about, it is clear there is a bid buying the dip. when you look at omicron, we have very lit

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. jonathan: live from new york city, good morning. here's the wednesday morning price action. unchanged on the s&p. on the nasdaq palma -- on the nasdaq, positive by a little more than 0.2 europe 2% -- more than 0.02%. -- little more than 0.15%. the 10 year, the two-year come of 30 year. here's the rate call over at morgan stanley. they think you wrap up qe by the middle of next year, you hike in the first quarter of 2023, and they believe the 10 year yield ends next year at 2.1%. right now, 1.6353%. that is the bond market call. ellen's and her making the cause -- ellen zentner making the call on the fed. the likes of mike wilson saying that high yield is going to start to shrink margins, and of course, multiples. that high yield hurting multiples specifically. for this market, that means an equity market that heads back towards 4400. tom: she looks for inflation to moderate in february. that is a belief

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. guy: live from london, i'm guy johnson. alix steel is over in new york. this is "bloomberg markets." let's talk about retail earnings and alzheimer's drug controversies continuing to lead today's movers. there's a biogen story, a retail story. kriti gupta is covering it all. kriti: biogen under some pressure after facing doubts on its alzheimer's drug after facing pressure from an eu authority. you also have cassava sciences down 24% after the dow jones reported they may be the target of an sec investigation that alleges data manipulation for their own alzheimer's trial. he also had to the upside eli lilly seen as a beneficiary for its own alzheimer's drug. i want to take a look at some of those retail earnings because that is what the upside drivers in the s&p 500 are really. it is that same diversion you saw yesterday between home depot and walmart. essentially, consumer discretionary, disposable inco

comcast business. powering possibilities. ♪ >> all of these things go right at lowering costs for american families, and this bill is fully paid for. it is not going to add to inflationary pressures. quite opposite, because we are going to pay for everything in this bill by raising taxes on big companies, large corporations, and the highest income americans. alix: that was brian deese, white house talk at -- white house top economic adviser, talking about what this hard interest or cabela's going to mean, and what that $2 trillion bill is going to mean if that is able to get to the house and the senate. it feels like the firm stance of the white house is it is not going to be inflationary. the other part of the coin is if you're going to add $2 trillion worth of money in two bills, how is that not going to be inflationary in some aspects of the market? guy: you saw what happened with the university of michigan data on friday, pushing sharply lower. the consumer is clearly worried about inflation. you

comcast business. powering possibilities. ♪ >> is not the end of the world, but we have to deal with tighter financial conditions, and that means lower multiples overall. >> the fed will only go as far as the markets can handle. >> we have definitely seen signs of euphoria, signs of risk in the short-term. >> we saw a pretty dramatic shift in hedging. >> the world will be less correlated than it was and there will be a lot of divergence. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. lisa: go back to sleep. you do not want to be awake for this one. good morning. this is "bloomberg surveillance ."

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. guy: an ugly session for european equities. we are led lower by travel stocks, energy stocks, banking stocks. the countdown for the close starts right now. >> the countdown is on in europe . this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: 30 minutes to go. what do you need to know? equities down hard, and down on really big volume. that is certainly something to pay attention to. we are led lower by the stoxx 600 travel and leisure sector, down by 8%. some of the more heavyweight sectors like banking and energy also seeing significant losses today. why is energy down as much? take a look at brent, now down by eight nearly 11% on the price of crude. it was only thot

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. jonathan: this is not the quiet end to the week you might have been looking for. lisa abramowicz, matt miller, jonathan ferro. your equity market down 11 on the s&p. small caps with underperformance , down 1% through most of the morning. more restrictions in austria, going back into lockdown, a compulsory order for covid vaccinations by sometime in february. germany also struggling. euro-dollar back to 1.12. pfizer and madura. pfizer positive 1.7%. moderna up almost 6%. the fda authorizing moderna adult booster dose. pfizer and biontech booster closed for all u.s. adults. it is over to the cdc. lisa: everyone over the age of 18, not just those who deem themselves immuno compromised. the momentum was shifting. it was on getting a vaccine. it was controversial pushing boosters, now there seems to be more urgency getting additional protection. jonathan: let's turn to the big story going into next week. we

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. jonathan: i can't get the idea out of my head of cn ve -- of seeing vet bill with antlers on in central park in the middle of the night, tom with a chainsaw cutting down a tree. tom: really, the city takes it very seriously. i went a couple of years ago to the north side, just be on harlem. jonathan: just having a look. tom: just looking around. the officer stopped me and said we don't care that you work for mr. bloomberg. jonathan: i hope that is not a true story. from new york this morning, good morning to you all. jonathan ferro, tom keene. kailey leinz sitting in for lisa abramowicz. lisa will be back next week. on the nasdaq, up 0.8%. switch up the board and get to what is happening elsewhere. we talked about crude already in this turnaround, up by four pointed percent. it is not a big move. aussie-yen had a move of 2.6% in friday's session. take that good risk proxy, the haven status, -2.6 percent

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. alix: live from new york, i'm alix steel, with guy johnson in london. this is "bloomberg markets." kriti gupta is looking at where we stand. kriti: we started green on the screen, but we can see the rest of the market started dragging the index is lower not just here, but over in europe. you are not seeing that in treasuries, which are really flat on the day. yields not really moving anywhere and it is nation of whether or not we are going to hear about this new fed decision. is it going to be lael brainard? is it going to be chair powell again? we don't know. where all the action seems to be is in the oil market in particular, after days and days of trying to find some way to really get those oil prices lower. it looks like joe biden has had some success talking about a potential reserve release not from the united states, but from china. one of the results of the conversation between xi jinping and jo

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. guy: live from london, i am guy johnson. this is "bloomberg markets." and actually -- nxp is depending on the auto industry and things are looking pretty good despite the chip shortage. let's look at the details over the sector and this company are going. abigail: things are looking very good for nxp semiconductors. a big quarter. big on the top and bottom one. adjusting -- adjusted earnings up a little bit more than three dollars per share. not a small number. about $3 billion in revenue. that was a 20% beat. not so shabby. if we take a look at revenue because this is a bigger story, you can see 2018, 2020, a little bit of a depth of $8.6 billion. 2021 estimated to be $11 billion. if we go forward a couple of years, $15 million. that is 36% growth. really incredible. what makes this interesting relative to the last quarter, automobiles and we are hearing about these chip shortages, largely in line abou

comcast business. powering possibilities. >> in this negative yielding world, all roads lead to equities. >> the way to beat inflationary pressures is with record high profitability. >> you are just not going to have that earnings to push the ark it's much higher next year -- the markets much higher next year. >> ripping away stimulus and hitting the brakes probably won't be good for anyone in the economy. >> it is telling us this economy might actually be react salary to. -- be re-accelerating. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good morning, everyone.

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. guy: european equities on the front foot, driven largely by m&a rather than news on the fed, but the euro weakening on that news. the countdown to the close starts right now. >> the countdown is on in europe. this is "bloomberg markets: european close," with guy johnson and alix steel. ♪ guy: 29 minutes to go until the end of trading in europe. we are seeing weakness in the currency market. the dollar is on the front foot. the euro trading with a $1.12 handle. equities are bid, but i would argue rather than the fed news, it is m&a news. the telecom sector leading the charge on the back of the kkr news surrounding telecom italia. the stoxx 600 up by 0.2%. we are also seeing crude plumbing as well. we are back nearly

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. david: just under a minute until 11:00 in the morning here in hong kong. here are the top stories this hour. investors flocking to safe havens right now among growing concern over the new variant detected in south africa. travel stocks taking a massive hit across the region. chinese tech coming under pressure after didi urged to delist from the u.s. and we speak exclusively about prices and what they're saying about the supply and demand situation. that conversation will come up and about 40 minutes from now. 1.3% is the damage across the equity market. commodities taking quite a big hit, led by iron ore, 4%. green on your screen, airlines down across the board, this is the bloomberg index and the moves were seeing today. down by about 10% on china airlines. taiwan, 9.8% on that one. we talked about the rand, in a couple of hours we will get a further kick here. when london wakes up that's when you will

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. david: happy monday morning. welcome to bloomberg markets china open. counting down to the session. let's get to your top stories monday morning. the trading week across the region lifting moods, concerns about the fed tightening and the virus resurgence we are seeing

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. vonnie: 10:29, new york. i'm vonnie quinn. the rba says inflation is different from any other advanced economies with consumer price gains in the picture. the ministers at the central bank's november meeting sages disabuse universe to the inflation forecast have widened. and how wages responded to very low unemployment. twoo forme -- two former fed president says that they will have to change their rate to 3% to keep inflation in check. they tell bloomberg it is

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. home yvonne: almost 11:00 a.m. in hong kong and singapore. rishaad: let's have a look at our top stories, inflation pressures, the u.s. economic recovery in the latest minutes from the federal reserve. yvonne: rbnz signals faster tightening the calm. rishaad: plus plans to tap reserves from the u.s. to china, the underwhelming oil market and watching for reaction from opec-plus. yvonne: are they going to have to reverse course and counter but the u.s.-china is doing to alleviate some of the pressures? it will be interesting to see who muscles in that market share and power when it comes to controlling the oil markets as well. talked about how the asia contribution hasn't done enough for the market this morning. here's how the market play out is doing so far mostly lower here in asia when it comes to equities, making it down to 1% in the lunch break right now. focusing more on the dollar moves as well, b

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. su: this is "daybreak: asia." i am su keenan with the first word headlines. presidents joe biden and xi jinping are going to hold talks over issues such as taiwan and trade. according to the white house, the discussion is designed to prevent a misunderstanding that could lead the u.s. and china into a military conflict. biden and xi have spoken on the phone twice this year, but this is the first time the conversation is being billed as a summit. u.s. senate major

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >> it is not :00 a.m. in beijing and shanghai. welcome to bloomberg markets china open. >> we are counting down to the open of trade. let's get to the top stories. >> the biggest gain in two weeks as china joins the u.s. and other nations in a coordinated release of reserves. >> investors awaiting a likely rate hike. we will get tha

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. shery: it's 7:30 a.m. here in singapore where the last day of the bloomberg new economy form is set to start in about an hour. from the chinese vice president saying the country can develop in isolation to singapore's prime minister warning about beijing and washington's miscalculation over taiwan. we also have commentary on the hsbc ceo on hong kong's reopening plan, and bill gates on a potential drop in covid deaths next year. paul: bill gates made some interesting observations, saying that by may 2022, covid could be like a seasonal flu. and a surveillance system to detect these pandemics before they get out of control in the future. and some encouraging news in australia, the canberra capital with 99.9% with the first dose. shery: of course global health care systems have been really hit during the pandemic and we've been hearing at the forum people trying to address what the private sector can do t

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. rishaad: this is bloomberg markets. let's have a look at our top stories. a cautious mood on the market. concerns about faster federal reserve tightening and europe's virus resurgence. new signs of beijing's discomfort with the yuan's rapid rise. plus, india's prime minister makes the biggest policy reversal since he took office scrapping controversial farm laws. let's have a look at price action. this is where bond markets are currently. taking a look at what has been happening with yields creeping up and bond prices going to the downside. the dollar edging up. speculation about the fed scaling down bond purchases faster than anticipated. quickening inflation, which is the main worry. don't forget there is going to be a lot of auctions coming up. we have a cycle of 2, 5 and seven year notes. that is a look at the regional markets. singapore is up 3/10 of 1%. that is in tandem with what is going on with

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. shery: welcome to daybreak: asia. sophie: pages market -- haidi: ages markets have just open for trade u.s. futures are higher after jay powell's faster tapering and he admits inflation is no longer transitory. drugmakers disputing the effectiveness of current vaccines. plus, breaking australia's third-quarter gdp numbers. economists are expecting the second-biggest contraction on record. shery: breaking out of south korea right now. we are seeing exports for the month of november rising 32.1%. this is much higher than estimates of 27% gains year on year. it comes to the import number, 43 .6% gain year on year, which is higher than the expected 39%, leaving a trade surplus that has widened to $3 billion of the estimate was only for 2 billion. not surprising -- to $3 billion. the estimate was only for 2 billion. the question is, what happens now given the variant and the base of comparison becomes less f

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >> this is "bloomberg daybreak: middle east." your top stories this morning. the who urges caution after two african health officials indicate that symptoms linked to omicron variant have been mild so far. currency stabilizes and u.s. equity futures rise as an ester is a way to more clarity on the new covid variant. the uae starts administering booster shots,

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. haidi: this is daybreak-a-barrel." these are our top stories today. holiday season is becoming a make-or-break time for many retailers to recoup losses from the past year. as shipping costs rise, labor shortages continue and experts see financial troubles ahead for the sector. volkswagen is expecting chip shortages to persist beyond 2021 and says it's hard to predict because the situation changes every day. volvo will suspend production at its belgian factory due to a lack of semiconductors. in california, the number of days containers are waiting to be picked up by trucks reached a record in october. the so-called dwell time was at 7.6 days on average at the u.s.' two largest ports. the white house has a plan to impose penalties for containers sitting on dock. shery: we're seeing concerns on the south commodity side of things. looking at wheat, the highest since 2012, in chicago, a strong demand and sh

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. shery: we do have the australian current account balance number coming through. bella expectations arrive from $20.5 billion in the previous quarter. this is for the third quarter. net exports of gdp, that reading coming in at one, also as expected and bouncing back from a contraption in their previous quarter as well. when it comes to the broader outlook before it comes ahead of the third quarter gdp numbers coming out on wednesday, that's expected to show the true impact of the latest lockdown. that lockdown likely set the australian -- to the second ever. have seen a climbing on the account of stimulus. we are watching commodities, given the weakness we have seen an iron ore with continued strength across the commodities adding to that we just got. shery: we are looking ahead to china. the latest manufacturing number for november where the bloomberg intelligence team sees manufacturing stabilizing at

available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. guy: welcome back. i am guy johnson in london. europe is the epicenter of the covid pandemic. another wave of infection hits the continent. germany is considering vaccine mandates as the number of coronavirus debts there surpasses 100,000, and we have learned the eu is recommending a nine-month limit on vaccine validity for travel. the real issue is the rate of change. the u.k. has had a slope or -- a slow burn on this with relatively high levels of covid. what we are seeing on the continent is a much higher level of pickup. we are joined by kellen pickering to talk about this. what will be the economic impact of this? what does this mean for the data out of the euro zone? >> the data was in december or november and january. let's see how long the restrictions last. two things worth keeping in mind. the first is that based on economic trends, the lockdowns have a smaller impact each time they happened.

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so get comcast business internet and add securityedge. it helps keep your network safe by scanning for threats every 10 minutes. and unlike some cybersecurity options, this helps protect every connected device. yours, your employees' and even your customers'. so you can stay ahead. get started with a great offer and ask how you can add comcast business securityedge. plus for a limited time, ask how to get a $500 prepaid card when you upgrade. call today. >>> day 11 of the climate summit in glasgow the british prime minister, boris johnson, urged world leaders today to be more ambitious in tackling climate change. >> we have to bridge the gap between where we are and where we need to be if we're going to cut emissions in half by 2030. and we need to pull out all of the stops if we're going to do what we came here to do. >> prime minister johnson admits the conference won't solve climate change on its own but he says he's optimistic the world can keep the rise of global temperatures below 2.7 degrees fahrenheit by the end of the decade that