jonathan: matt miller, kailey leinz, jonathan ferro. i think misses miller did not think it a great investment at the time. [laughter] a lot of men right now telling their wives, let me get it. this is bloomberg. ♪ every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. 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: more of the same. this is "bloomberg surveillance ." up 13 on the s&p. the nasdaq 100 up 5/10 of 1%. the russell does not sit this out, up six. the story for many people the relationship between the equity market and bond market. let's talk about that. switching to the bond market fo

matt miller, kailey leinz, jonathan ferro. from new york city, on radio, on tv, this is bloomberg. ♪ jonathan: futures up four on the s&p 500. on the nasdaq 100, up 21, advancing a little more than .1%. record highs, record closes, the most since 1995. kailey: 26 years, we haven't seen highs like this. jonathan: yields up six or seven basis points yesterday. this morning, a couple of basis points. bond market, a bit of a snooze compared to what we had yesterday. euro-dollar right now, 1.13. i thought it was interesting the last couple of days to hear from the austrian central bank governor and the governor of the central bank of the netherlands. two hawks. the hawks have the data to back up the argument. you have the austrian central bank government saying let's get away from negative interest rates. other saying maybe it is time for a hike. this is 12 months away. we have not had this conversation properly for about 10 years in europe. maybe the data might backup the argument. matt: they also will have cover from the boe an

with kailey leinz. lisa back tomorrow. tom: the market pricing of what is going on in china is tangible. it is off the radar this morning, but it is real. evergrande paper south. jonathan: a cpi report and america. wells fargo suggesting 6.9 pi. -- 6.9% cpi. tom: i think 9% is my monday mass. that is something we have never seen before. that is the uncertainty that we have right now. jonathan: david kostin and that he met goldman looking at 5100 on the s&p next year. if things get dicey, can the fed doing thing about it -- do anything about it? kailey: even in the face of the market clearly being upset about uncertainty around the omicron variant, the fed maybe playing catch up era's we are faced with these kind of numbers in the u.s. jonathan: throw in the things kailey is talking about, you wonder how much the fed has got ahead of it to slow this economy down with him economy with a 69 handle on the ism. tom: the partial differentials is you want to bring the inflation component over to real economic

kailey leinz, matt miller, jonathan ferro. a really small move in yesterday's session, we bounced back five points. a single basis point to 149.45. some bad news for you, matt miller. jordan rochester joining us later at 7:30 eastern. he is looking for 1.10 on the euro-dollar. kailey: 1.20 would have been your happier place. matt: anything above 1.20 would have been strong for me. it is what it is. i am moving back in nine days and i will have to transfer the small amount of euros i have into dollars when i do that. it is not a material number. jonathan: i look forward to a balance line of questioning for jordan rochester. one thing left on the agenda for me down in d.c.. we have to wait from -- for the fed picks. >> it was supposed to be early december, and then before christmas. i don't know when it will become a but it is later that it was expected to be. their way -- the way i am looking at this, they will skew toward the progressive end of the spectrum. it is fair to assume the michigan state professor will be one of thos

kailey: this is bloomberg markets. i'm kailey leinz. in china, banks borrow low in cost for the first time in 20 months, providing support to an economy showing strength. the move underscores the diverging monetary policy path between china and the u.s. and also marks a new phase in the global struggle to deal with the pandemic fallout. for more insight, let's bring in jonathan ward, founder of the atlas organization. great to talk to you. what we are seeing in china, virus aside, comes amid the pursuit of common prosperity, and that has led to a crackdown on a number of industries. can we expect china to just continue to keep policy easy, do what it needs to do to shore up the markets, so they can pursue that agenda? jonathan: it is sensible to look at the two together. on the one hand you are dealing with these structural problems in the chinese economy, general economic slowdown. on the other hand, ccp wants greater political control, particularly over its industries and emerging technologies. seeing them try to control these is prio

alongside kailey leinz and lisa abramowicz, i'm jon ferro. with your economic data, here is michael mckee. michael: remember when we were surprised by the 199,000 reading? 184,000 is the reading for last week, which is rather stunning. lisa: record low. jonathan: it is a record -- michael: it is a record low it looks like, lisa, thanks for jumping in. 199,000 continuing claims. that is nothing. strengthen the labor market. i am sure there is some explanation for this that has to do with holidays. kailey's honeymoon, all kinds of things. maybe tom is out filing for jobless claims now. this is kind of crazy. last week the number was 267,000 -- 227,000, sorry in a revised level. it is not the record. i am looking at the numbers. lisa: correct me. jonathan: september's -- michael: september 6, 1969. you are still recovering from woodstock the month before. lisa: i remember. michael: if you remember you are not there. lisa: i am 85. jonathan: we are down 17 on the s&p. tom definitely does not remember at. if you have to go back to the 1960's, this

kailey leinz, matt miller, jonathan ferro. we advance one third of 1%. tom and lisa abramowicz will be back with us at some point. maybe they will wait until the new year. euro-dollar about 0.1% down. a brilliant just now to talk about the fortis ugo -- about the pharmaceutical companies, geoff meacham. i want to talk about mrna technology. it felt like a huge step forward 12 months ago. i wonder how things stack up 12 months later. geoff: that is a great question. mrna technology has shown durability of affect. the pfizer and moderna vaccines look like they do their job, limit hospitalizations, prevent severe infections, prevent death and a lot of patients, but the question is still unknown whether they will be as infectious as flu or cardiovascular diseases. kailey: when we talk about those vaccines that exist for covid-19, talking about a third booster in israel, how much are they revenue generators for companies like ours and moderna? geoff: for the most part, -- it is perfectly normal to have antibody levels go down over time once someone is vaccina

good morning with kailey leinz and matt miller, i'm jonathan ferro. your equity market positive 12 to 13 points on the s&p 500, advancing .25%. all-time high on the close yesterday, number 69, approaching 70 later. in the bond market, 148.07. shout out to the analysts who have been made to work this week. maybe a suggestion for the kids at goldman the next time they at that deck together, add in a slide closer to markets the week after christmas. they might get what they want next year too. kailey: they got what they wanted this year to a large extent. notches goldman, you see thanks upping the starting salaries. goldman inspired real change on wall street. jon: they are still working this morning i guarantee it. with an equity market and all-time highs, trouble in d.c. with the president of the united states and joining us is wendy schiller. let's start there. the president and the last one he for hours saying there is no federal solutions and in many ways that stays the obvious. but you think he has lost control of the messaging in a way he thought

. ♪ kailey: this is bloomberg markets. i'm kailey leinz. u.s. rv shipments posted a record in november, up 15.6 percent compared to a year ago, as people look for ways to travel without staying in motels or riding in airplanes. the industry seems to be steering around supply chain, labor problems, but what does the picture look like going forward? joining us is jason lippert, chief executive of lci industries, the largest parts supplier to the rv industry. we know that everyone was interested in alternate travel at the start of the pandemic. you had a lot of demand for rvs and campers. is that starting to wane now that we are in the later stages of the pandemic? jason: we will have a record year this year, looking at next year as well, largely because we cannot build demand because of supply problems. 72 million americans are projected to camp next year, a record from 58 million this past year. 46 the year before. kailey: we will get to the supply issues in a moment. while we are talking about demand, have you seen it pickup or so in the last mo

this morning, together with kailey leinz and matt miller. i'm jonathan ferro. a week of record highs. kailey: if we get that closed, it will be the 69th time. firmly north of 4700. jonathan: the equity market has held up and done nothing since early november. matt: we did have a rally over the last three trading sessions paid we come down from highs and gone straight up. it does look like you can still see a santa claus rally of sorts if light volume and continued gains into the new year. jonathan: you have not been lucky enough to not work this week. what happens on a week like this? kailey: nothing like we are seeing. covid-19 takes no breaks. the headlines never seem to stop. the headlines on that front getting more and more dire as the holiday weeks have progressed. not just the number of cases in new york approaching 50,000 but affecting holiday plans. jonathan: a shout out to the team here at bloomberg for putting up a salad guest lineup -- a solid guest lineup. kailey: i am really excited to talk to mohammed of gallup. as we have seen with this pandemic,

tom keene, jonathan ferro together with kailey leinz. the markets up 6 on the s&p. very small fans back from a week of losses on the s&p, down last week about 1.22%. t yields higher onens -- yields higher on ones. by severely limiting the fomc's ability to respond to the downside risk posed by omicron, inflation has essentially destroyed the fedput. that is a conversation we have been having for the last couple of weeks. inflation has effectively destroyed the fedput, the view coming out of jeffrey's this morning. tom: the markets move ahead of the fed, and maybe we are seeing a lot of that. you mentioned the yields suppressing friday. they have bounced back for now basis points, 1.39%. did you imagine we would be here six months ago with these low yields? jonathan: with this kind of data, absolutely not. tom: they're real yield was standing when i looked at it saturday. jonathan: but that is where we are pure this brings in inflation into sharper focus this coming friday. looking for something close to 7 on cpi, effectively the point jeffrey's is making, that the f

with kailey leinz and matt miller i am jonathan ferro. all-time highs yesterday in the equity market and set for more of the same in one hour. yields higher by almost one basis point. euro-dollar unchanged at 113.29. a big change in the last 24 hours for the united states. the cdc issuing new guidance for isolation for anyone who has covid-19. it will be five days not 10. for the airlines this is what they wanted. helene becker joins us now. you can tell something was coming and it came big time. how important is that move from 10 days down to five? how big of a difference would it make? helene: thank you for having me. i think it is very important. it is cutting that time in half meaning they can get cruz back in the air quicker. as the new variant is going through the u.s. it is affecting everyone including airlines and they don't want to be stuck in hotel rooms either. getting them back in the air quickly is hugely helpful. matt: personnel costs are high. i don't know if they are number one or number two, fuel would have to be up there

alongside tom keene, i'm jonathan ferro, together with kailey leinz. yields higher by four or five basis points on tens to 1.3 9%. it bit of news out of new york city. kailey: mayor bill de blasio talking about the vaccination requirement, saying it is now required for kids ages five to 11 to be vaccinated to enter restaurants. he is also saying they will impose a mandate for private sector workers starting on december 27. we knew already mandates in place for public sector, but now that will be extended to the private sector in just a matter of weeks. jonathan: dear may, tk -- dear may, tk. to go out -- dear me, tk. to go out in new york city now, you either get a vaccination or you cannot engage in public society. i have to say, new york city is probably already there. it is pretty close to what we have seen take place in europe. you show up at the restaurant, so your vaccine passport, and you have to show photo id as well. tom: we had the photo id thing this we can. that was a bit of a surprise. we want to dive into the politics of washington as we

live on tv and radio with kailey leinz and matt miller, i'm jonathan ferro. futures up six. 198,000, below 200,000. the median estimate 206,000 come the previous read 205,000's. they are the numbers we want to see. 198,000. kailey: that is the lowest we have seen in decades. this is the week that ended december 25 so there is holiday impact. the labor market recovery is chugging along. jonathan: that is one heck of a number. that is good to see. 198,000. matt: absolutely. what the fed is focused on and what tom focuses on a lot on this program is the labor force participation rate. that still is not come back to pre-pandemic levels and that is what the fed is trying to focus its policy on, especially certain groups that have had real trouble bouncing back. you will see the new nominees focused on those issues. jonathan: hopefully we get those fed picks pretty soon, hopefully at the start of next year, maybe next week. data on u.s. retail foot traffic. here are some interesting numbers. u.s. retail foot traffic rose 36.9% last week from a year earlier. you're

alongside lisa abramowicz and kailey leinz, i am jonathan ferro. tom keene is back with us next week. advancing one third of 1%. yields higher by just a couple basis points. the highs of the year going into cpi, two hours and 12 minutes away. this came from jonathan golub on inflation. we highlighted -- he said historic lee this is offset by rising bond yields. in the current environment, however, inflation is not translating to higher rates, a huge benefit for stocks. lisa: part of the reason why he upgraded his expectation for the final 2022 target at 5100, saying that the discount rate would remain low, even as he saw stocks benefit. stocks being the best inflation had, how many times have we heard that? jonathan: a lot, and it has worked out for sure. the spread between the top and the bottom incredibly wide. kailey: almost 20% from what morgan stanley sees. interesting to see the divergence even though a lot of the calls are the same. morgan stanley has now pushed forward when the inflation call comes. but we will still be looking good for the

alongside matt miller and kailey leinz, i'm jonathan ferro. your s&p advancing 0.2%. it has been all-time high after all-time high. kailey: the most since 1995. we could see another today, possibly even tomorrow. it has been quite were markable. this equity market up the better part of 30%, far above where we thought we would be coming into this year. jonathan: is the beginning of the end of easy money, or is it just the story of easy money getting less easy, but still remaining easy? matt: we don't know the answer to that. we look forward to seeing the fed in march, what is likely to be a live meeting, but most don't expect a rate increase in march. the question is sequencing. how will we see the balance sheet unwound if they feel like doing that at all? these are all things that affect financial conditions, and we will be following on the terminal very closely. jonathan: you sound extremely excited about the new year, just like me. [laughter] matt: you know what? i was so pumped when i came in on monday. we had three days of a big rally. we rallied hard. i know it w

kailey: low bar. jonathan: kailey leinz, matt miller, jonathan ferro. this is "bloomberg surveillance ." ♪ >> we could end up with a good year, not a great year, in 2022. >> the markets are underestimating the fed's capacity to tighten. >> there's a lot of room for good news priced into the dollar. -- >> the cycle easily carries to the middle of this decade. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: from new york city, good morning. this is "bloomberg surveillance ," live on tv and radio pete alongside kailey leinz and matt miller, i am jonathan ferro. equity

for our audience worldwide, alongside lisa abramowicz, and jonathan ferro, together with kailey leinz. your market up 0.3% on the s&p. your data just around the corner. lisa: you raised a quite question -- a great question. how does the market respond to a downside surprise? do they take back the rate hike bets or look past the data? jonathan: 6.8% the estimate. do they change anything for december? lisa: we basically heard from bonnie that there's nothing that can change her view because the trend has been established for the next six months. i do wonder if they suggest rents are surging more than people expected, if they suggest some of the sticky components are really robust, how much that changes the conversation. jonathan: 8:31, it is all we will be talking about for the rest of the day. what does that inflation number mean for the federal reserve? kailey: has the fed already made up its mind that it is going to accelerate the taper? what does it mean when we look at the dot plot and the fed forecast, where rates will be beyond 2020 do -- beyond 2022? jonathan: if you are just tu

kailey leinz, anna edwards. the picture for equity investors looks better. you are seeing that action coming into play. maybe the bad news is nothing has fundamentally changed from yesterday. anna: you get a sense that we are shifting from one glass half empty outlook yesterday to glass half-full today. we got slightly better news around build back better. maybe that fiscal policy can come through in part of the united states not something we will no doubt discuss. on the omicron side, some investors are talking about something that broke this time yesterday. it is not entirely clear why we go higher, which is why we are nervous. kailey: maybe we should not be surprised by the fact that we are seeing some gains today because dipped buying behavior is the name of the game at this point. it always seems to work. gina: the morning highlights this fact. the reality is the fed is still adding liquidity to this market. they are adding liquidity at a slower pace overall. the money has to go somewhere and it keeps going into assets, particularly given what has happe

kailey leinz i'm sure is in beckley well behaved on a monday morning. kailey: i think we should get this back on track and get back to the markets. we're looking at something of a santa claus rally. on the stoxx 600 in europe right now, it is some thing like 44% lower than the 20 day average. there's not a lot of people on the desk today. guy: nobody is here. london has been empty for a while, and that is probably more to do with covid, but this is certainly very quiet at the moment. i think people are working from home today. but you've got to take it where you can get it. at least we are positive. we are picking up. what i think is interesting about what is happening in the markets right now is that travel and leisure stocks are the outperformer's. that basically fits with the narrative that may be omicron is not going to be that bad. maybe it is going to happen relook with you. as a result of which, you want to price for a solid spread. if we can out of omicron really strongly, is that going to be something that is only going to further encourage cen

lisa abramowicz, kailey leinz, jonathan ferro. tom keene back with us next week. a happy birthday to tk. jonathan: good morning come on bloomberg tv and radio. prices down 0.3% on the s&p. we are negative on the russell, negative on the nasdaq. following a three-day pop on the s&p 500, the first three-day rally we have seen on the s&p for about a month. it has been that choppy over the last few weeks, that is for sure. a ton of calls coming through. 5200 the call now from credit suisse. the upgrade their view next year from 5k. a ton of calls coming from morgan stanley. two, tens and 30's focusing very much on the front-end for next week. twos right now just short of 70 basis points. a conversation for morgan stanley shifts from january to september 2022. where on earth are we going with the ecb into thursday next week? lisa: beats me. i find this fascinating. the news today that they are looking at possibly expanding into reinvestment of the emergency bond purchasing program to prolong it after previously talking about maybe trying to start tightening at some poi

alongside kailey leinz and matt miller, i'm jonathan ferro. 1.49 percent on tens. yields higher by a single basis point. the story of the year, inflation, the t word, transitory, no. kailey: we thought we would be looking at something like to present at the end of this year. instead we are 50 basis points below that, well below the peak that came in the first quarter. is it because the fed is still active in this market ? i don't think anyone knows. jonathan: that is the struggle going into year-end and starting 2022, trying to work out what the data means for the bond market. if we are going to have inflation through q1 at seven sent, do we have numbers pushing 1.80% on tens? right now we are 30 basis points south. matt: the basics i learned 20 years ago in mark gilbert's bond class is that when you expect the central banks to raise rates and therefore issue new debt with higher interest rates, you don't buy the ones that are out now with the lower rates. that is just a six. i also wonder, what is your take on the style issue with which we should treasuries? when

jonathan: closing out the year with matt miller and kailey leinz. i'm jonathan ferro. -.4% on the s&p. coming up, margo patel will join me in about 20 minutes time. from new york, this is bloomberg. ritika: there is more evidence the fast spreading omicron variant leads to milder symptoms that other strains of the coronavirus. the u.s. as it seems to be triggering a lower possible as asians. the number -- a lower rate of hospitalizations. elon musk is closing in on his goal of reducing his stake in tesla by 10%. the world's richest person has sold another billion dollars worth of stock in the company. he is selling shares. bitcoin is that for its worst month since the cryptocurrency route in maine -- inmate. -- in may. it is down roughly 60% after hitting an all-time high just a month before. in new york, awarding from the judge in ghislaine maxwell's trial. the judge says the spike in cases could lead to a mistrial if jurors fall ill. she told lawyers she may have jurors to liberate through the holiday weekend if they do not reach a verdict by new

kailey: good morning on tv and radio. kailey leinz, damian sassower, and guy johnson in. santa claus has already come to this market. guy: he was always going to arrive at some point. it is being delivered on big volume. i think we will probably wait until the beginning of next year for we get an accurate gauge on what is happening. but the news

kailey: good morning on tv and radio. kailey leinz, damian sassower, and guy johnson in. santa claus has already come to this market. guy: he was always going to arrive at some point. it is being delivered on big volume. i think we will probably wait until the beginning of next year for we get an accurate gauge on what is happening. but the news this morning relatively positive. certainly the news around the omicron variant looks good. we've got this new pill coming from pfizer. it is expensive, but at least can be delivered at home. i think that speaks to a better outcome may be in the new year for omicron. my question is, is delta still waiting in the wings? the doctors seem to be telling me that it will be. we are not done with delta quite yet either. kailey: we know delta is still a problem in the u.s., although omicron now makes up the vast majority of cases. we have to talk about the policy response when we talk about the virus, and the u.s. not heading towards lockdowns or really any kind of restrictions. damian: i wonder if this has anything to do with is in joe b

kailey leinz, gina martin adams, and guy johnson in for tom keene , jonathan ferro, and lisa abramowicz all week because it is the holidays. people are at the office, -- are out of the office, and that means volumes is light. guy: i think monday was an exception. saw a huge amount of turbulence. i think we are definitely winding down into the christmas holiday. a lot of people i think are just isolating. a lot of people don't want to go out at the moment. that probably is restricting their desire to trade as well, or their ability to trade. so the volume story has been tapering off. i'm here tomorrow. i will hate to see what it looks like then. kailey: i will be right there with you. this just seems to me like a market that is looking for a catalyst. the question is, is it going to get another one by the end of the year? gina: it seems unlikely, but the calendar would favor equities right now. this is the beginning of the so-called santa claus rally. maybe santa left early. yesterday we had a really nice rally. you would normally see follow-through into the end of the year. the fact tha

kailey leinz in the sea, together with lisa abramowicz and jonathan ferro. the s&p down .4%. the euro weaker dollars stronger, 1.3150. yields back here at 150, a brief breach, 1.4939. back below that level, down three basis points to round things out. crew down .8%. 71.79. a couple months ago, evergrande, all anyone talked about, and we get the dword overnight. kailey: finally. jon: it has not been discussed. kailey: it seems like we already have known it had defaulted on this debt. it was never actually declared because this payment was due over 30 days ago. the grace period expired on the sixth, monday, and it has been declared in default, cutting its rating again to restrict a default. this has been a long time coming. it now seems the conversation has moved from the risk of the contagion effect to the maybe " china will not bailout evergrande but it will provide the necessary support to provide====---- support to prevent any sort of spillover. jon: there is the move. we have to think about a couple things, not just from the financial channel but the broader economy. how m

kailey leinz, gina martin adams, and guy johnson in for tom keene

let's get you some movers this morning and say good morning to kailey leinz. kailey: you mentioned that nasdaq futures are lower. one big heavy weight is apple. bloomberg reporting overnight that apple told its suppliers man for the item -- the iphone 13 is waning. apple cut production targets for its new iphone because of supply-side challenges for this year. people may be waiting for the model after that. some suppliers all down in the range of 2% to 3% as well. corbo, skyworks, qualcomm all under pressure. snowflake is a big mover to the upside. the cloud software company actually reported after the bell yesterday and gave a really bullish forecast. that stock is up about 13%. boeing is higher. this is a 737 max story. china is poison it for return to the skies. a codeveloper of black to smithkline -- of glaxosmithkline's antibody treatment looks like it will be effective against omicron. the vaccine makers not so lucky. moderna looks like it will be down for a third day. it is already down 16% in the last three days, lower again this morning. tom: thank yo

kailey leinz, gina martin adams and guy johnson in. he thought it was going to be a sleepy holiday week. joe manchin is now a no unbilled that better. the world economic forum now being pushed out until the summer of next year. >> i'm not overly shocked about davos. i would be surprised to see the likes of jamie dimon. it's a double whammy for the markets. joe manson -- joe manchin accelerating not only here in the u.k., across europe and now in the united states. equity markets are off their lows which i think is interesting because we are seeing a more positive response to that mentor news. we have a bit in the bond market. euro-dollar actually catching a little bit of bid as well and s&p futures really mirroring what we are seeing. >> equities are down a lot harder. in terms of what else is coming up we are going to get conference board leaving index. a lot of the data is going to come later this week when we get pcs and gdp. any economic indicator could in theory make a difference. we will be keeping an eye on the white house. what

kailey leinz, gina martin adams and guy johnson in. he thought it was going to be a sleepy holiday week. joe manchin is now a no unbilled that better. the

kailey leinz, gina martin adams, and guy johnson in for tom keene, lisa abramowicz, and jonathan ferro. it is quiet out there relative to earlier this week. guy: i think it is harder when it is quieter, but definitely big shoes, particularly in the

lisa: from new york city and from london, good morning, this is "bloomberg surveillance," kailey leinz here. they missed a down day yesterday and they are missing buying up the vix this morning. >> it's not a particularly big volume. delivered on decent volume, the selloff reached into most parts of the equity market with today, bouncing back. the ftse 100 is up 9/10 of 1% of we are down on the volume front. that is what you would normally expect at this time of year, it's not a convincing bounce back. a lot of things are unknown, like what's happening with u.s. fiscal policy, the omicron variant. there's all kinds of factors in the mix here. volume is light, yields are higher for the bond market on offer. the story overnight was turbulence in turkey. and then you have the issue of european gas prices, something the ecb is going to be paying a lot of attention to. kailey: gina, are you buying the stabilization in equities this morning? gina: we are likely going to struggle to make new highs but we are finding support around the 100 day moving average. again, yesterday, and esther's sta

lisa abramowicz, kailey leinz, and jonathan ferro. tom keene back with us next week. still celebrating his birthday. he will be back for the fed decision. from new york city, this is bloomberg. ♪ mom, hurry! our show's gonna start soon! i promised i wouldn't miss the show and mommy always keeps her promises. oh, no! seriously? hmm! it's not the same if she's not here. oh. -what the. oh my goodness! i don't suppose you can sing, can you? ♪ the snow's comin' down ♪ -mommy? ♪ i'm watching it fall ♪ watch the full story at www.xfinity.com/sing2 ♪ >> inflation is getting close to peeking. it doesn't mean it is going to go away overnight. >> we know that there are some secondhand effects on inflation. >> the game is to stop a wage five -- a wage spiral. if the fed wants to stop inflation, they should hike rates. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: cpi just around the corner, 30 minutes away. from new york city, good morning. for our audience worldwide, alongside lisa abramowicz, and jonathan