sec. psaki: the president will be addressing the american people tomorrow and we'll talk about what to expect as we go into the which months and detail additional steps we will be taking. the president has been clear that while vaccinated individuals -- he will restate that while vaccinated individuals help, the cases will likely be mild to a cinematic. they will have the tools to protect themselves. a nice and it will continue to drive hospitalizations and deaths. that is not trying to scare people or maybe it is trying to make clear to people in the country what the risks are of not being vaccinated. it is clear we are not in the same place. the beginning of the pandemic things to the extraordinary work to get over 200 million americans vaccinated. covid-19 is not the same threat to fully vaccinated individuals that it was in march of 2020. i outline some of the reasons why. he will announce additional steps. he will outline this clearly tomorrow. he has been candid and direct. these are

sec. psaki: ok. hi, everyone. >> hi, jen. how are you doing? sec. psaki: well, i'm great. how are you guys? >> good. good. very good. sec. psaki: merry christmas eve eve for those who celebrate. >> same to you. sec. psaki: only the bold and brave here today. ok, just a couple of items for you at the top. today we are announcing we've shipped 350 million covid-19 vaccine doses to the world. that is more than one dose to the world for every american and more than any other country. those 300 -- oh, wrong chart. other chart. oh, here's the chart. ok. here's the chart. these 350 million doses have gone to 111 countries and are a part of our commitment to share 1.2 billion doses, on top of our work on the ground to turn vaccines into vaccinations, and bolstering manufacturing capacity at home and abroad. in the spirit of giving this holiday season, we continue to ask that every country and company do their part to get more life-saving vaccines to the world. i just want to pause because i think

sec. psaki: let me start with the second one. i will try to make sure i cover all of them. i can't speak to russian intentions. i think you heard us and secretary of state blinken express growing concerns of what we are seeing on the border of russia and ukraine. he has been in europe this week consulting with our partners. we've also been consulting closely with congress. we want to make sure we are prepared. we know what president putin has done in the past. we see he is putting in place the capacity to take action in short order. should he decide to invade, that is why we want to be prepared. what he means by a group of us, a package, there is a range of tools at our disposal. economic sanctions are an option. we are going to do that in port nation with our european partners, with congress, those consultations have been ongoing and we want to be prepared. as it relates to the potential for a call, we have been engaged in the possibility of that. we have that finalized, we will make that

sec. psaki: the president looks forward to speaking directly with senator manchin about why you think this legislation should move forward. he felt that there connotations have always operated in good faith and he expects this to follow that same approach. senator manchin has been in touch over the last week with senior members of the white house staff and we specked this to be a continuation of that conversation. i will let senator manchin speak for himself. the president looks forward to communicating directly with him this afternoon. >> i just wanted to ask you about the january 6 committee. over the weekend they are showing some information about mark meadows and the use of the national guard after january 6. was there any reaction to that? sec. psaki: as the president said, january 6 is one of the darkest moments in our country's history. there is no question that this investigation is vitally important to get to the bottom of what happened that day and to prevent it from ever happeni

sec. psaki: merry christmas eve eve for those who celebrate. >> same to you. sec. psaki: only the bold and brave here today. ok, just a couple of items for you at the top. today we are announcing we've shipped 350 million covid-19 vaccine doses to the world. that is more than one dose to the world for every american and more than any other country. those 300 -- oh, wrong chart. other chart. oh, here's the chart. ok. here's the chart. these 350 million doses have gone to 111 countries and are a part of our commitment to share 1.2 billion doses, on top of our work on the ground to turn vaccines into vaccinations, and bolstering manufacturing capacity at home and abroad. in the spirit of giving this holiday season, we continue to ask that every country and company do their part to get more life-saving vaccines to the world. i just want to pause because i think there's some sort of tone or ring tone or phone happening. [cross-talk by reporters] >> right over here. sec. psaki: ok. ok. >> in thi

, they don't have to register with the sec. the sec has said as much in a speech in 2018 by bill henman, the head of corporation finance and the other literature that the sec put out essentially deemed those two compliant securities. well, not so fast. i'm reading the literature, the court testimony, in the ripple versus sec case, ripple has been dinged for selling non- compliance, non-registered securities mainly its xrp crypto coin. in reading this thing, ripple is trying to argue that we're not much different than bitcoin, or ethererum, and what the sec is saying is we don't care whether you're that much different than those two. we, at the sec, have not declared those two complaint securities as of now. as of now neither of those things are one way or the other, we have no opinion on whether they are compliant securities. that is a huge story, liz, in the crypto world, because it essentially opens the door to an enforcement action, if you take the sec at its word and that's one of the lawyers whose arguing the ripple case,

sec. yellen: chairman powell -- sorry -- chairman brow, ranking member to me, members -- chairman brown, ranking member toomey. congress is a large part and we have needed updated roads, ports and broadband networks for many years now. i am grateful that on the night of november 5, members of both parties came together to pass the largest infrastructure package in american history. november 5 was a consequential day, because earlier that morning, we received a very favorable jobs report, 531,000 jobs added. it is never wise to make too much of one piece of economic data, but in this case, it was in addition to a mounting body of evidence that points to a clear conclusion our economic recovery is on track. we are averaging half a million new jobs per month since january. gdp now exceeds its pre-pandemic levels. our unemployment rate is at its lowest level since the start of the pandemic and our economy is on pace to reach full employment two years faster than the congressional budget office

sec. rouse: i am not the president's political advisor, but i will say this. the build back better plan is a really spending bill -- not stimulus, really important investment in our children and families. economists agree it will be important to building economic capacity. the president have been focused like a laser beam on getting this past. the senate has to do its work, it is a complicated bill, but i have no reason to doubt that it will not be picked up forthwith in the new year. that will get it passed. it is really important for our economic growth going forward, and for ensuring we have the economic capacity to deal with price pressures going forward as well. joe: so you pick up in the new year where you plant? sec. rouse: the president put forward a framework initially, he is focused on these priorities. they are very important for our families, they address important costs for our families. yes, focused on getting it passed in the new year. joe: i know that you and other democrat

sec. yellen: i wouldn't want to sound alarm bells. i think we are in a sustainable debt path, but president biden was very clear when he proposed the build back better plan that it should be fully financed as the infrastructure bill was, and that is what see po found that the fiscal plans -- that cpo found that the fiscal plans put forth in infrastructure and build back better will not worsen the debt or deficit path and indeed by the end of the 10 year horizon, build back better lowers deficits and yields very great benefits, beyond the 10 year horizon, particularly from the investment in the irs to enhance its ability to close the tax gap and collect revenues that are due under our tax code. it is the fiscally responsible plan that makes matters better rather than worse. sen. rounds: the reason for my question is, and it is not just a matter of whether we have a half trillion dollars that will have to be financed or more during a 10 year time period as the money comes back in her program

sec. yellen: the quit rate, when it is high, and as you mentioned, it is the highest it has been in the history of this series, it signifies a tight labor market where workers are leaving their jobs because they feel confident about their ability to get others, often getting outside offers, and feel good about the labor market, and that is what we have, and we see it reflected in surveys of workers who feel that jobs are plentiful, and of course, businesses almost universally complain now about the difficulty of hiring workers. but this is a very unusual shock to tip the economy. at the same time, we see that a large number of workers, their participation in the labor force has declined, and it hasn't yet gotten back up to normal levels. in some cases it is because there were early retirements, and the pandemic did result in, unfortunately, a large death toll. but i think there are still many people who, especially low income workers, who don't feel confident about the health consequences

sec. mcdonough: thank you for having me. nick: i want to begin with some statistics that show the scope of the problem. since the gulf war through this year, of 1.3 one million veterans who filed a claim for a respiratory illness caused by their service, more than 40% of claims were denied, according to internal v.a. data. from the gulf war through this year of more than 111,000 veterans of filed a claim for cancer caused by their service, more than 64% were denied. according to v.a. testimony last year, v.a. has denied 78% of disability claims of toxic exposure from burn pits. why so many? sec. mcdonough: i look at the 30 years a little different. this president is the first president in those 30 years to presumptively link certain conditions and begin paying benefits and providing care based on those -- that presumptive link for veterans. now, when you think about the number, the president announced in may that we have covered three presumptions, conditions, asthma, sinusitis, and rhinit

sec. blinken: good afternoon, everyone. good to see you all. i suspect that most of you are looking forward to what will be a well-deserved break. it's been quite a year. when i walked into the state department on my first day as secretary, we had covid-19 lockdowns around the world. less than 1% of the united states was vaccinated, compared to more than 60% today. we were dealing with the worst economic crisis since the great depression. the climate crisis was accelerating. our relationships with our allies and partners were badly strained. and many questioned whether america would -- or even could -- lead again. a few guiding premises animated our work this year. one is that american engagement -- american leadership -- matters. the world doesn't organize itself. when we're not engaged, when we don't lead, then one of two things happens: either some other country tries to take our place, but probably not in a way that advances our interests and values, or no one does, and then you get ch

she penned an open letter to sec chair gary gensler demanding a closer look at digital world. that was three weeks ago. charlie gasparino has this story what is she looking for? charlie: on why this thing, because she got involved could get tossed, and if it results in a case, obviously. they are just right now, its been disclosed there was an investigation by finra and the sec, they're looking at the filing, obviously there was money raised from investors that was not disclosed i'm not sure you even have to disclose them but it was interesting that she comes out first, then there's the investigation. so, i asked my sources, does this somehow taint the investigation? and these are securities lawyers my sources who worked at the commission in the enforcement division, a couple pointed out, number one, if trump did the same we'd be hearing a lot of outrage. trump did some of the same stuff we should point out. he got his anti-trust division to go after cnn or excuse me, at&t time-warner, because he didn't like cnn, so there was some of that, but, you know, this is, it does taint

that after reuters says tesla is under investigation by the sec. guy: clearly, what is going on in terms of the regulatory story may be acting as a catalyst, but may be that narrative just putting on an open door. we are going to talk to our next guest about all of this. we are entering a new regime and markets are starting to reflect it. alicia levine, bny mellon investment management chief strategist, joining us next. this is bloomberg. ♪ alix: the mood music across the market is relatively calmer. investors taking comforts and report that cases of the omicron variant are relatively mild. pulsing singer of elliott management wrote, "investors have elevated their risk level that may suffer significant and perhaps long-lasting damage when the government orchestrated music finally stops. joining us now is alicia levine, bmi mellon chief strategist. we had a whole -- bny mellon chief strategist. we had a whole conversation about the fed pricking the bubble. do you agree with that assessment? alicia: great to see you guys again. there was definitely

what steps are the sec taking? >> we knew this was coming because this was part of legislation that came in the waning days of the trump administration. bipartisan support, by the way, to require, to mandate that companies listed on the u.s. exchanges to open up its books to transparency, if required. the sec has had such requirement dating back to 2002. according to the sec, almost all companies from all jurisdictions have complied for the last couple of decades, with the exception of companies from china and hong kong. that is according to gary gensler, in a statement who is basically now fulfilling their obligation passed by congress to come up with these new rules. how are they going to implement? what are the criteria for companies that could be potentially put on a list pretty listing? -- for delisting? if these companies do not comply, they could potentially be delisted. you're seeing what eric kinser is saying, all companies need to be subject to inspection by a public oversight board. change the page, this

so the sec stepped in and more or less kicked them off the stock exchange. for a couple of them, they issued what is called a stop order, and they forcibly stopped them from selling any more public shares. and stop orders are a serious thing and a rare thing. and in the past 30 years, 35 companies total have gotten stop orders. of the 35, at least 3 them were run by the same group of guys in china, in shanghai, and now, this chinese firm in shanghai that appears to specialize in launching publically traded companies that mislead regulators and investors and get everyone involved in trouble, i'll give you one guess as to what their new high-profile investment is. yes. it's donald trump's latest business venture, the former president's media can that was from the washington post. a chinese firm helping former president trump take the new media company public is said to have misrepresented shell companies with few employees as ambitious growing enterprises. huh. misrepresenting your company as a wildly successful business to get people to fork over their cash t

this is an sec that has not been hesitant about looking into spac mergers. you are not so worried about this disclosure? garrett: we are not. but we are seeing is a lot more regulatory scrutiny and it goes back to another company we follow and their founder and former was charged with three counts of fraud. he is currently pending trial, which will happen next spring. there are some pretty serious federal charges against him. a lot of these companies have gone public through spac's, which is a reverse merger which entails less disclosure to investors when a company goes that route. so i think the sec is going back and really looking at the disclosures that were made. it's not a concern for lucid because we know they have a brand-new factory in arizona. they have a terrific product, the specs of that product would stack up to any electric vehicle today. you look at 1100 plus horsepower and 520 miles of single charge range. it was just named the motor trend car of the year for 2020 two. we view the subpoena that they received as a buying opportunity. we are co

regulatory markets, sec -- it's easier to get into. it's easier to list shell businesses, or businesses with little revenue, or at very early stages then the regulators in china, or hong kong or other parts of hong. part of the business model was to help chinese firms with business models, bringing them public to the u.s. market. they've had very mixed tracked records, they haven't found a lot of success stories, yet they have this regulatory cloud, a number of deals and up in the crosshairs of sec investigations. >> is it a problem if trump's company turns out to be fake? like those other fake companies associated with the shanghai group, that you guys wrote about today? are there rules about all this money that has been raised, by these means, by the supposed trump media venture, if it never comes fruition? can i take the money and run? >> the thing about this deal -- it's a merger deal, it's not a traditional ipo. that somehow gives them a little bit more latitude to make bold claims, that they don't necessarily support right away.

because the sec's way. they could really ramp up regulation and much more if it goes ripples way, ex-rp is going to bounce off a dollar share. it's trading at a dollar. liz: is it true there's a chat alongside this discussion. it was all about ex-rp. liz: they were mocking both of them. they both agreed on a lot of the stuff involving what is the security under the sec regulatory umbrella and bitcoin not, a theory i'm not according to both of them. not a security according to clinton and we don't know about chancellor. he's all over the place of that. he's waiting for the ripple to determine. that's how crazy this is getting. but they both agreed on ripple. why that wasn't brought up. why they didn't mention. it's a very controversial subject. we brought it up. we did a huge investigation on this. it is consuming the regulatory world. i can't understand why they didn't do it. john eaton says expect more regulation as a topline number. amc is down another 15%. liz: we're coming right back. the dow down 300 p

his ftx registered with the sec? >> the core derivative regular is the sec and ftx derivatives is registered with the cftc. with the sec we began discussions and continued discussion. we do not listen securities on a platform now although we can explore in the future under the guidance of the spc. i will also say briefly i would be excited to see a unified adjoint regime with ftc and sec involvement to create harmonious markets regulation between spot derivative contracts and other things. >> now the left-field question. our role here, there's nothing new under the sun. technology may change and in a speed things up, it may make it more transparent but a deal is the deal. who is taking on the risk? who is getting rid of the risk? who is the middleman? one of the things we hear about blockchain is its impenetrable, it's something that is super secure. our responsibility is to make sure things are generally safe, generally honest, that people are not swindled. i also sit on the science committee with mr. luetkemeyer an

what we know broadly is the -- against the sec has stepped up its enforcement action. enforcement actions against spac's up high. it has been an area to think about -- where they have not been afraid to act. each of those companies have different stories. it is not clear what is going on here with lucid. matt: definitely different stories. richie get your take, ed. thank you for joining us out of san francisco. ed ludlow. coming up, new york city making history, becoming the first to mandate the covid-19 vaccine for the private sector. more from doctor kawsar talaat, bloomberg school of public health fx analogous. ♪ matt: this is bloomberg markets. new york city mayor bill de blasio said the city would become the u.s.'s first to impose a vaccine mandate on vat -- on private-sector workers. his office said the mandate would cover 184,000 businesses. the city is also strengthening vaccine rules for indoor dining, entertainment and fitness to permit access only for those 12 and roller who -- 12 and older who are vaccinated. children five to 11 will need to show proof of

ether, the ethereum cryptocurrency, which is not registered, and the sec has not taken action against them. they're at each other's throats. so here comes jay clayton who's basically following all the reporting, has come under a lot of pressure from crypto people, like, who is this guy? why did he bring charges against us? one of his number twos is wrapped up in this case, bill hintman, now in private practice. he came out with a speech where he said why ether and bitcoin were not cryptocurrencies, and now he's under pressure. he's being subpoenaed in the case. i mean, he's given a deposition -- liz: what are they if they're not cryptocurrency? >> let me just make the point. so then jay comes out today is in kind of -- you know, it's kind of an odd thing for him to say, but he brought this case that cryptos should be lightly regulated, or they shouldn't be heavily regulated or else we're going to stifle innovation. i'm kind of giving you this. liz: okay. >> then garlinghouse comes out full guns, blasting. we should put up his tweet, do we have it? let's see the tweet. there it is. rea

so when you say sec investigation, we don't take it very seriously. >> well, you don't even need an sec investigation to just laugh this thing off as a stunt. the last time donald trump had his hands on a publicly traded company was his casino where his casino holdings in atlantic city. and what happened there? he drove it off the cliff into bankruptcy several times. he only survived that because his father's money back stopped him. but everyone around him got burned. banks got burn. investors got burned. all of the employees of those casinos eventually lost their jobs. and a bunch of gigantic smoking creatures were left in atlantic city. his track record does not speak to somebody who anybody else should trust with their money, whether or not the sec is investigating. tim bryan and john heilemann, thank you both for joining our discussion. it's always appreciative. >> thanks, lawrence. >> tonight's last word is next. [ sneeze ] are you ok? oh, it's just a cold. if you have high blood pressure, a cold is not just a cold. unlike other cold medicines, coricidin provides powerful cold reli

he was described by axios as quote, the sec's 5g crusader, close quote. for those of us who follow the fcc's work, where well aware and know how you earned that accolade. the more you've done on spectrum among other things. among the other things of course, work on infrastructure deployment. this is been so important and remain so important. and also tele-health, which is much the news now and deservedly so. so, i'm going to stop there. his full bio is on the website and that's through true of all the others. with that, i'm going to ask commissioner carr to come up. [applause] >> i thank you so much randi, for that very kind introduction. the youthful look is usually not one that i get, particularly with us here line. most of the time people ask me how my confirmation went to the federal radio commission. [laughs] but appreciate the accolades. it's great to see so many friends again. i don't know if it's just getting out of the house that has drawn so many people together, or whether it is randy and the free state that has done it. we don't really need to

under 1%, the stock still holding at about $1,006 a share but this on reports on reuters, that the sec has opened an investigation into a whistleblower complaint that tesla, which as you may know, or may not know, has a solar panel business, did not properly notify shareholders or the public about fire risks attach to solar panel defects. so we really shouldn't be showing the cars themselves, because this is about solar panel issue, the panels were made by solar city which tesla acquired back in 2016. tesla is now trading in bear market territory a drop of 20% from its recent high, which would have been november 4, shows a record. right now tesla as you see down about 18% since back then. lucid also down after the ev company said it received a subpoena from the sec relating to an investigation into its blank check deal with churchhill capital, and the sec, very busy apparently, is investigating a deal between former president trump's social media company and the spac it hopes reverse-merge with. digital world acquisition corp. says regulators are looking into the potential merger betwe

it is my great hope that the sec will go back to doing its job. for example, there's a case in the state of delaware, consolidated case, from pension plans against facebook for insider trading and improper disclosure around cambridge analytica, and that is clearly an sec case and sec should be taking that on and investigating it and when they start doing things like that, enforcing the existing laws, then i will start to be more -- have a more positive outlook on what they're likely to do >> roger mcnamee, great to see you. thanks for joining us. >> my pleasure. >>> getting some breaking news out of this new american airlines phil lebeau has a look. >> take a look at shares of american airlines, announcing what was reported earlier this morning by "the wall street journal" that the company plans to reduce its initial plan for the summer schedule of next year because they have fewer wide bodies that will be in the fleet than originally planned, so as a result, they're going to be stopping, suspending, reduced flights or delaying launches they're st

i think the sec needs to have a better relationship of the state. if i'm confirmed one of the things i c would ask if i can ba liaison to the state because they form very good relationships with them. i agree with you. in the past we have an outreach to the states and made them partners who have been more adversarial. >> there is a committee within the fcc and my correctness. it's a committee that brings the states together. it's my understanding from some members of our public service commission in the state of nebraska, this committee even though it is there it doesn't do anything. would you be interested inn looking into and possibly from your comments working with state to have the communication and a more formalized matter through this committee. >> i assume you're talking about the joint state board on universal service. absolutely i was the liaison to the advisory committee. i worked with them very well and had friends who signed a letter on my behalf. i'd be delighted to do that. if chairwoman if i was confirmed she wanted to point me to the

that's what the sec finding. they want to know who's the board of director or procedures of the banking. just who these actual investors are because there are more questions than answers right now. about a monthing monthing a -- it looked like a scheme. it was something of a concern. she pointed to a meeting she believes possibly taken place before all of this was announced. the sec got some clarity on what exactly happening. >> scheme, trump? do we have a timeline for this? >> it's not yet clear because we have not heard from trump's world in terms of getting the information requested. >> the president is responding to some democrats and felt like he had not done enough to sell back the build back better bill, they changed tactics to get it done through the house and not yet the senate. the president is on the road more and he's going to kansas city tomorrow. we heard from him talking about prescription drug plan. a lot of medicare and negotiate prices. tell us more about that and why democrats think it's a winn

. >>> now we've got a news alert out of the sec bob pisani joins us with the story. bob? >> hello, jon. foreign public companies that are listed in the united states may be delisted if their auditors do not comply with request for information from u.s. regulators. today the sec has adopted amendments to finalize rules to implement an act called the holding foreign companies accountable act. now, this law was passed in 2020 after chinese regulators repeatedly denied requests from u.s. regulators that oversee the audit of public companies to inspect the audits of chinese companies that are listed and traded here in the united states in 2020 chinese firm luck and coffee fired its ceo and its coo for accounting fraud that increased calls for action here in the u.s. the law permits the sec to ban companies from trading and be delisted from exchanges if the pcaob, that's the regulator, is not able to audit requested reports for three consecutive years. it also requires companies to declare whether they are owned or controlled by any foreign government now, the rules adopted tod

the sec is taking a tougher stance as well we can point to this didi delisting. is it going to continue to fuel, i guess, the disentanglement of u.s. and china investor flows as this continues to evolve >> the two countries are highly intertwined from an economic perspective. china's trade data continues to show that it's not only a large exporter, but a large importer we saw the boeing news about the 737 max being approved in china. apple's revenues doubled in china in q3 from $7 billion to $14 billion. the countries are very intertwined economically that can't go away almost $400 billion of revenue is generated in china from u.s. publicly traded companies. so this is a big issue ultimately the two sides have to get together and figure this out. on the holding foreign companies accountable act, the companies are in a bind. they were allowed to list here and now this law has them stuck between u.s. law and chinese law as well as over, you know, about 1.5 trillion of u.s. savers. it's not chinese capital in these stocks it's u.s. savers are in these names, and it'

the sec has announced its final plan for mandating foreign companies open their books to u.s. scrutiny. china and hong kong are the only jurisdictions refusing to open their books to inspection. bloomberg on air and on quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. rishaad: global investors return to these offshore properties. david: let's bring in our kind of credit editor to talk us through. what happens now? >> tuesday is the big day. that's when this bond matures. it is going to be a wild weekend of talks and offers and counter offers, presumably. the bondholders involved, and they are probably going to see if they can kick the can down the road. they also have two other interest payments that are due next weekend, about 85 million dollars combined, so this is far from the only debt they have to worry about near term. david: in terms of market reaction or the lack thereof, does that send any message then to the broader space? we have heard from a lot more banks coming in saying some of the price

so that's there's an sec investigation doesn't mean there's anything wrong. but still the fact that we are looking at. is this something that everyone should keep an eye. what do we know about this this trump media company and what it might look like in. >> what it might do. >> well, we know he won't get banned off of it as he has been bad from facebook and twitter because it's precisely created to be his own platform. so, you know, always a he was a control. he wants to basically to be his megaphone anything so you can blast this out to his base and and trying to get it, get it out to others. but essentially it's going to be twitter for trump right. and that's what he wants to try and do it with do that because he misses having is. blazing across the the internet and now this is a way that you can train create his own media company to basically do that for himself weather. but the question is, is it really for that was really just to get the money that he's been has been invested in this and because. if there's any track record on trump in the passes that. h

accounting for four touchdowns, alabama, still kings of the sec. 41-24 the final. both teams will definitely be in the playoffs. charld woodson waving the flag and watching his alma mater, michigan in the big-10 title game. first quarter, wolverines up 7- 0. they pulled the rabbit out of the hat. donovan edwards, 75-yard strike to roman wilson for the prestige. no falling apart this year for michigan. they crushed the hawk eyes, 42- 3. and seven years after leaving the 49ers. jim harbaugh, his first conference championship and he's now heading to the playoff. could cincinnati become the first school from a nano power conference, to walk their way into the playoff. third quarter, bearcats up 28- 13 on the houston cougars, that's jerome ford, an alabama transfer, he may just get a chance to tie in the playoffs. that's a 42-yard rushing touchdown. 187 rushing yards, two tds. the bearcats win back-to-back undefeated regular seasons, they're heading to the college football playoff. pretty wild to think about that. cincinnati back in the early 200s. were talking about dr

at sec. of labor, it is a little different. this job, as a think about a moment in time we are living in, even though it is challenging and i get asked a lot of questions, it is a very exciting, interesting time to be secretary of labor. we are going through a time in the country that has been 100 years since we've gone through something like this and trying to work to make sure we support american workers and move the country forward. it is an incredible honor and opportunity. >> secretary walsh, maybe folks know this but they are about the find out. you are a huge red sox fan. in about five hours, the sox will start their championship series against the houston astros. put on your sportscasters hat. will the red sox go all the way to the world series? if they do, will they win the world series? >> taking a line from one of my favorite nfl coaches of all time. we will take it one pitch at a time. bill belichick would say that. i will let you know in 4-7 games. >> [laughter] that is a non-answer. if you are is huge of a red sox

they received a request from the sec to voluntarily produce documents back in may. now in august they say the sec issued a subpoena asking for additional documents related to an investigation of the trading of gamestop stock and other securities the company says it's now in the process of producing those documents. they add they do not expect this inquiry to affect shares >> it's interesting. thank you, frank it is interesting that they say that before we even know really how the outcome is going to take place there. >>> a number of wall street strategists releasing bullish forecasts for 2022 today jp morgan predicts that 2022 will be the year of a full global recovery and the end of the pandemic credit suisse raising its 2022 s&p 500 target from 5,000 to 5,200 this morning joining us now is liz ann sonders, charles schwab chief investment strategist. liz ann, welcome >> thanks. hi, scott. how are you? >> i'm good. thank you. it's nice to see you so how does your outlook or forecast compare to the ones i just read? >> we don't do year-end price target, given our inv

government we urge the sec to undertake a full investigation. 've also filed a shareholder resolution with moderna that calls on the company to report on the feasibility of transferring its technology to low and middle income countries so it can fully leverage the world's manufacturing capacity to peruse as many doses as possible. we think moderna's failure to do more to promote vaccine equity first is harming the company's own reputation but second, it is harming the entire global economy because many studies from the imf, the oecd, international chamber of commerce, has said failed to vaccinate the world equally is costing the globe trillions of dollars and economic damage. we see the result of that all around us. entire economies in europe shutting down because of the new variant, factories in malaysia and vietnam closing, supply chains are snarled. moderna's failure to do more to promote vaccine equity is harming its own reputation but also harming the global economy and interest of corporate investors at large. so we think it is incumbent o

and sec. the first time that's occurred to me, nick! i've been too busy getting on with the job as well as making sure my children are doing the on with the job as well as making sure n to :hildren are doing the on with the job as well as making sure n to bedren are doing the on with the job as well as making sure n to bedren are doing ti but i thing, to be focused on that. but i am pleased that's the case. tau thing, to be focused on that. but i am pleased that's the case. you talk ashle am pleased that's the case. you talk - ashley i times _ am pleased that's the case. you talk - ashley i times about - am pleased that's the case. you talk - ashley i times about what's l quite ashley at times about what's needed to allow women to work, to rise to the very something you rise to the very top. something you care about?— rise to the very top. something you care about? ~ ,,., , , care about? absolutely, and there is more. care about? absolutely, and there is more- there's _ care about? absolutely, and there is more. there's _ to - care ab

sec. yellen: yes, the build back a better plan contains support for households to help address some of the most burdensome and most rapidly rising costs that they face. for example, the cost of childcare, which is virtually unaffordable for many american families. there are subsidies for quality childcare that will bring down the cost for the great majority of american families. universal pre-k for three and four-year-olds, and a child tax credit. all of that will bring down the cost of childcare and for families that are facing crushing burdens, for example very high rental costs in many areas, the additional money they get through the child tax credit will help them keep a roof over their family's heads. it is already helping them put food on the table. with respect to the costs of caring for the elderly, build back better contains support for those who are disabled and the elderly to get care in their homes. there are subsidies and an increase in the pell grant and money for education a

rosenworcel for another term as sec commissioner pictures expense and qualified by this position and assert to terms on the commission and having chaired it for the past ten months. although i disagree with her support for overly restrictive regulations, she is well-known to the members of the committee and has the reputation for being responsive and engagement i want to stress again how important it is for our chair of the fcc to provide strong leadership in timely production of accurate broadband coverage maps. these maps are absolutely critical to ensuring the fair and productive distribution of the broadband funding approved in the bipartisan infrastructure package. and let the record reflect there were a course of a men's all-around the dais on that statement. i also want to report -- support ms. bavishi and mr. venkataraman to the important roles at the department of commerce for which they been nominated. i will not vote to report the nomination of mr. bedoya to be commission at the ftc. i remain concerned about the frequency with which he has publicly expressed divisive views

the sec has not released any details about that investigation. massachusetts senator elizabeth warren had called on the sec to investigate, claiming serious violations of security laws during the proposed murderer. of those two companies. president biden is scheduled tomorrow to hold a video conference call with russian president vladimir putin. newly released satellite images show a build up of russian troops along ukraine's border, further fueling tensions between the us and russia ahead of that high stakes video call tomorrow. a senior u. s official says. moscow has said 100,000 troops to the eastern border of ukraine white house press secretary jen psaki says the president plans to use tomorrow's conversation. to reaffirm the u. s. is support for ukraine's sovereignty. despite u. s officials warning russia is preparing to deploy troops for potential ground invasion. well president biden says his build back better bill will lower prescription drug costs ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom for me and you ♪

we will continue to keep and i on the sec subpoena for lucid group. jonathan: another headline about an hour ago, a reserve climate in china. tom: i am still out of touch, i do not even know what lucid is. there china thing is a big deal. i carefully read the bloomberg coverage of that. this is flat out has to do with a busted real estate economy. jonathan: kailey, heknows. he knows what lucid is. [laughter] it is mostly sarcasm. kailey: you can never tell. tom: speaking of sarcasm -- jonathan:. good morning. lisa back with us tomorrow. your equity market taking a dive from session highs, basic unchanged, up almost 0.1%. from new york, this is bloomberg . ritika: with the first word news, i am ritika gupta. president biden's chief medical advisor says initial data from south africa on the omicron variant is encouraging. cases need last medical intervention. the data were present only the first two weeks of the omicron wave, but dr. anthony fauci says there does not look to be a great deal of severity to the variant. in china, the central bank trying t

we learned over the weekend that lucid group not a subpoena from the sec on friday. this apparently has to do with the structure of this back deal. we went public with churchill capital. there's been a lot of scrutiny by u.s. regulators over the finaco structure of some of these deals. shares down 14%. a lot of the other ev companies lower in the premarket. rivian getting dragged down and this is well. tom: have any of them sold in the cars that are electric? romaine: rivian sold about 50. lucid group is in the hundreds. you're still talking about a pretty nascent company with regards to their deliveries. tom: romaine bostick, thank you so much. he will be on "the close" this afternoon. jane foley has a more measured view of the guesstimates of a foreign exchange, being that rabobank, with their huge global commercial interests. this off of reuters, of everyone predicting a weak dollar. they got it wrong last year, the week four. there's been this permit weak dollar call. does it sustain this year with another consensus weak dollar view? jane: i think the market has