can ologist an adjunct associate professor walsh university speak to us from sydney? thanks so much for joining us. have a great to get your thoughts. thank. he was facing a fishing fisherman and libya say their trade has potential to become a profitable industry, but they argue that it needs more investment and has been neglected by authorities . many trainer reports from tripoli. it's sun rise in tripoli as a new day begins this mission, really in the area to a drama. some of these fishermen are preparing to go out to see others begin coming back after an early start with their the day looked the hoping, fishing these waters for decades. he says there's a lot of opportunity and official industry, but it's difficult financially because of its high cost k that sir libya to let that be. sir. libya has a beautiful coastline and is rich and fish chicken. if the government looked at the sector and cleaned the waters built up our infrastructure, it would encourage young men to work in the sector and the situation would be much better than our oprah libya has africa's longe

mr walsh was speaking to me is the uk — virus. mr walsh was speaking to me is the uk loosens _ virus. mr walsh was speaking to me is the uk loosens testing - me is the uk loosens testing requirements, something he has been critical of, seeing it as an example of governments not following the science.— following the science. since the 25th of _ following the science. since the 25th of february - following the science. since the 25th of february when l following the science. since - the 25th of february when these changes came into place, we were looking at them today, 7.9 million pcr test have been taken by people flying in to the uk. the positivity rate has been less than 1%, 0.9%. at the same time, the positivity rate in the uk was almost 7%. so people have been led to believe that the risk is people flying into the country. the risk was into the country. the risk was in the country. we have been arguing for some time is that people who are being required to undertake expensive, unnecessary testing and that that was certainly g

fergus walsh, bbc news. let's talk this through with doctor ashley burkett, at the vaccine coming back centre a innovation and access. thank you for being on the programme. this is a real breakthrough in the fight against malaria? absolutely, this is an historic moment in the fight against malaria and we saw who recommend the broad deployment of the first malaria vaccine to reduce illness and deaths from malaria in sub—saharan africa and other regions with moderate to high transition so we need new tools, we seen a quarter of a million children die per year and we need to do something about it, the vaccine is an important step in reducing those numbers.— important step in reducing those numbers. ., ., , those numbers. from a practical oint of those numbers. from a practical point of view. — those numbers. from a practical point of view, as _ those numbers. from a practical point of view, as fergus - those numbers. from a practical point of view, as fergus walsh l point of view, as fergus walsh pointed

our medical editor, fergus walsh, reports. this is a milestone in public health. after decades of research and trials, this one in kenya — at last, a vaccine against one of the world's deadliest infections, malaria. the disease is spread by mosquitoes which are infected with the malaria parasite. this triggers fever and, in severe cases, organ failure. the world health organization said the vaccine would now be widely rolled out across africa. this long—awaited malaria vaccine is a breakthrough for science, child health and malaria control. using this vaccine in addition to existing tools to prevent malaria could save tens of thousands of young lives each year. malaria is a global threat but around 95% of deaths are in sub—saharan africa. every year, more than a quarter of a million african children under the age of five die from malaria. that's one child every two minutes. for more than 30 years, the british pharma giant gsk has been working on a vaccine. and, since 2019, more than 800,000 children in ghana, kenya and malawi have been immunised. trials have

fergus walsh reports. this is a milestone in public health. after decades of research and trials, this one in kenya, at last a vaccine against one of the world's deadliest infections — malaria. the disease is spread by mosquitoes, which are infected with the malaria parasite. this triggers fever, and in severe cases, organ failure. the world health organization said the vaccine would now be widely rolled out across africa. this long awaited malaria vaccine is a breakthrough for science, child health and malaria control. using this vaccine in addition to existing tools to prevent malaria could save tens of thousands of young lives each year. malaria is a global threat, but around 95% of deaths are in sub—saharan africa. every year, more than a quarter of a million african children under the age of five die from malaria. that is one child every two minutes. for more than 30 years, the british pharma giant gsk has been working on a vaccine. and since 2019, more than 800,000 children in ghana, kenya and malawi have been immunised. trials have

that was our medical editor, fergus walsh. saudi arabia, australia and japan are among a number of countries who've lobbied for changes to a crucial report, which underlines the need to move away from using fossil fuels. the lobbying was revealed in a leak of documents seen by the bbc. saudi arabia is one of the world's largest oil producers. australia is a major coal exporter. the leak comes as world leaders prepare to gather in glasgow for the global climate talks in ten days' time. 0ur climate editor justin rowlatt reports. the clock is ticking on tackling climate change. the science says unless we start making dramatic cuts to emissions now, we risk very serious consequences. world leaders will be meeting here in glasgow for a crucial climate conference in just ten days. yet leaked documents seen by the bbc show some countries are pressuring the un to change its message on the options for tackling the challenge. saudi arabia, australia and japan are arguing the world doesn't need to reduce fossil fuel use as quickly as the

fergus walsh, bbc news. much more on this story on our website, including this look at where malaria is at its worst and the way the new vaccine could prevent 40% of the cases. just log on to bbc.com/news or use the bbc app. and keep data set. at the republicans are at loggerheads with the democrats over how much money present by linking pump into his reconstruction plans and the debt ceiling boat has become a cart up in a row. the democrats are stressing that the potential for catastrophe here is tracy secretary janet yellen. if congress secretaryjanet yellen. if congress does not take action to raise the debt limit treasuries cash balance will reach an insufficient level to pay the nations bills. and america would default for the first time in history. the democrats _ first time in history. the democrats don't - first time in history. the democrats don't have i first time in history. the | democrats don't have the necessary majority in the senate to force the vote through unless they risk the republicans f

thank you, fergus walsh. the energy regulator has warned that millions of households face significantly higher bills from april when the current price cap is reassessed. the business secretary, kwasi kwarteng, is meeting industry leaders today, as concern grows about the impact of gas shortages. meanwhile, the us has told russia, which supplies most of europe's gas, that it must not exploit the situation for political gain. 0ur diplomatic correspondent james landale has more. for years, europe has depended on russia for much of its energy supplies. in all, the eu gets 40% of its natural gas from there and about a quarter of its crude oil. that means the kremlin has a big say in the price of our energy, and one ofjoe biden�*s closest advisers told me that influence could be exploited. we have long been concerned about russia using energy as a tool of coercion and a political weapon. we've seen it happen before and we could see it happen again. but do you think russia are going to try and exploit this? i thin

fergus walsh, bbc news. much more on this story on our website, ncluding this look at where malaria is at its worst and the way the new vaccine could prevent 40% of the cases. just log on to bbc.com/news or use the bbc app. let's take a look at the story in the headlines in the uk.... and it's all been about this man — prime minister borisjohnson who made his big set piece speech to the annual conference of his governing conservative party. his biggest message was the promise to "get on with the job" of uniting and levelling up the uk. you'll find telling, genius, imagination, enthusiasm in this country. all of them evenly distributed, evenly distributed. but opportunity is not. and it is our mission as conservatives to promote opportunity with every tool we have. will announce today a levelling out premium of up to £3000 to send the best we not best maths and science teachers to the places that need them most. mrjohnson�*s 45 minute long speech was his first to a conference since the pandemic began. he

here's our medical editor fergus walsh. don't forget flu. with all the focus on covid, it would be easy to underestimate influenza. so how dangerous is flu? in the past five years in england, deaths have averaged around 11,000 each winter but can be double that. health experts warn _ that this winter, we could see high levels of flu activity alongside rising cases of covid—19. - last winter, social distancing meant there was almost no flew around there was almost no flu around but there is concern that people could get the virus and be infected with covid at the same time. it is because of the significant risk to individuals of co—circulation, so the circulation together of both covid and flu, and the likelihood that will cause more serious disease and people are more likely to go to hospital. so who can get a free flu vaccine? it is more than 40 million people, a record number, including the over 50s, younger people with certain conditions, if you are pregnant, as well as health and care workers and children aged 2—16 who will be offe

, they had all shared it and kate richardson—walsh, they had all shared itand in kate richardson—walsh, they had all shared it and in a matter of days i went from just being someone who went from just being someone who went to the protest wanting to do my little thing to help, whether that would actually have an impact or not, to being someone who had been given a global stage to talk about what i thought was important, particularly in a sport that is not very diverse, i always felt very grateful i was given that opportunity. grateful i was given that opportunity-— grateful i was given that ouortuni . ~ ., ., grateful i was given that ouortuni .~ . . , ., opportunity. with amazing, he should be really proud _ opportunity. with amazing, he should be really proud of _ opportunity. with amazing, he should be really proud of yourself. _ opportunity. with amazing, he should be really proud of yourself. thank- be really proud of yourself. thank ou. so, be really proud of yourself. thank you- so. darcey. _ be really proud of yourself. thank you. so, darcey, that— be really proud of yourse

fergus walsh, bbc news. the government's latest coronavirus figures show there were 36,567 new infections recorded in the latest 24—hour period, which means an average of 45,100 new cases were reported per day in the last week. there were 8,239 people in hospital with covid, as of friday. 38 deaths were reported, that's of people who died within 28 days of a positive covid—19 test. on average, in the past week, 135 deaths were announced every day. the un has warned that greenhouse gases reached record levels last year, despite the economic slowdown caused by the pandemic. the report suggests a target set by countries six years ago to limit the rise in the earth's temperature to 1.5 celsius is not being met. the warning of worsening global warming comesjust days ahead of the cop26 global climate conference. 0ur science editor david shukman is here. david, the un says it is way off track when it comes to limiting the rise in temperatures? tt track when it comes to limiting the rise in temperatures?— trac

fergus walsh, bbc news. a trial has heard that 15 year old keon lincoln was murdered outside his home in a "short and brutal" attack. birmingham crown court was told the teenager died after being repeatedly stabbed by a group of youths who got out of a stolen car and chased him, before being shot in the stomach as he lay on the ground. the five defendants aged between 14 and 18 all deny murder. the public inquiry into the manchester arena bombing has heard that one of the victims may have survived if he'd been given medical treatment more quickly. john atkinson, who was a 28—year—old healthcare assistant, asked lay injured in the foyer where the bomb exploded. judith moritz has been at today's hearing. you may find details in her report distressing. john atkinson was a care assistant who helped autistic children and was a big music fan. he had been to watch ariana grande at manchester arena and walked into the foyeryear 12 seconds before it was bombed. as the smoke cleared, john crawled across the floor

that was our medical editor fergus walsh. saudi arabia, australia and japan are among a number of countries trying to change a crucial scientific report to play down the need to move away from using fossil fuels. that's what's been revealed in a leak of documents seen by the bbc. saudi arabia is one of the world's largest oil producers. australia is a major coal exporter. the leak comes as world leaders prepare to gather in glasgow for crucial climate talks in 10 days time. 0ur climate editor, justin rowlatt reports. the clock is ticking on tackling climate change. the science says unless we start making dramatic cuts to emissions now, we risk very serious consequences. world leaders will be meeting here in glasgow for a crucial climate conference in just ten days. yet leaked documents seen by the bbc show some countries are pressuring the un to change its message on the options for tackling the challenge. saudi arabia, australia and japan are arguing the world doesn't need to reduce fossil fuel use as quickly as the un sugge

here's our medical editor, fergus walsh. don't forget flu. with all the focus on covid, it would be easy to underestimate influenza. so how dangerous is flu? in the past five years in england, deaths have averaged around 11,000 each winter but can be double that. health experts warn _ that this winter, we could see high levels of flu activity alongside rising cases of covid—19... - last winter, social distancing meant there was almost no flu around but there's concern that people could get the virus and be infected with covid at the same time. it is because of the significant risk to individuals of co—circulation, so the circulation together of both covid and flu, and the likelihood that will cause more serious disease and people are more likely to go to hospital. so who can get a free flu vaccine? it's more than a0 million people, a record number, including the over 50s, younger people with certain conditions, if you are pregnant, as well as health and care workers and children aged 2—16 who will be offered a nasal spray vaccine. if yo

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you in all our business coverage, including more on the travel changes and we will hear from willie walsh among others. see you soon. hello. we're eyeing up another area of low pressure, another spell of wind and rain heading into parts of the uk overnight monday into tuesday. until then, it is showers, not quite as windy for monday. it will still be breezy out there, especially in wales and england. so, on this brisk flow of air coming in from the west, the showers mostly across western areas developing low pressure, though, to the southwest will bring that rain — later in the day — that next area of low pressure. starting numbers for monday, showers, some heavy, just running through southeast england and east anglia early on before they're clearing away. then many eastern areas will be largely dry for the rest of the day, just the odd hit and miss shower. a scattering of showers to the west, any where you catch a shower could be heavy, could be some hail mixed in and perhaps the rumble of thunder. and as for temperatures, we're topping out at around 13—17 celsius, some decent spel

fergus walsh, bbc news. and as always, much more on this story on our website including this one, looking at where malaria is at worst and the way the new vaccine could prevent 40% of the cases. just log onto our website or use the bbc app. in less than two weeks the biggest economy on earth will run out of money unless the us congress votes to raise the debt ceiling stopping it would allow the us treasury to increase its borrowing and keep paying its debts. but the republicans are at loggerheads with the democrats over how much money president biden can pump into his reconstruction plans and the debt ceiling has become caught up in the row. the democrats are stressing the potential for catastrophe. the democrats are stressing the potentialfor catastrophe. here is janet yellen. tt potential for catastrophe. here is janet yellen.— is janet yellen. if congress does not — is janet yellen. if congress does not take _ is janet yellen. if congress does not take action - is janet yellen. if congress does not ta

that was our medical editor fergus walsh. let's speak to professor susan michie, professor of health psychology and director of the centre for behaviour change at university college london, a member of spi(b), sage subcommittee. good to speak to you again and thank you very much for your time this evening. we are in a strange situation and are told opinion surveys to the public is sufficiently worried they want measures like vaccination and face masks and are comfortable with them, and yet their behaviour is different. what explains that mismatch between perception and action? ,., ., mismatch between perception and action? , ., ., , ., action? good question and 'ust to sa that action? good question and 'ust to say that m i action? good question and 'ust to say that i'm speaking h action? good question and 'ust to say that i'm speaking in h action? good question and 'ust to say that i'm speaking in a h action? good question and just to | say that i'm speaking in a personal perspective this evening. when one wants to understand

fergus walsh, bbc news. the government's latest coronavirus figures show, there were 36,567 new infections recorded in the latest 2a—hour period, which means an average of a5,100 new cases were reported per day in the last week. there were 8,239 people in hospital with covid, as of friday. 38 deaths were reported, that's of people who died within 28 days of a positive covid—19 test. on average in the past week, 135 deaths were announced every day. the first weekend of enforcement of scotland's vaccine passport scheme was an "unmitigated disaster", according to a body representing night—time venues. venue staff refused entry to revellers without vaccine passports more than 550 times. and according to the scottish hospitality group some staff were abused. it said some venues decided to close early and footfall was down by up to a0%. the scottish government said the scheme was a "proportionate" health measure and hope it will encourage more people to get vaccinated against covid—19. more than a third of

fergus walsh, bbc news. some of the organisers for the pro—trump rallies that took place in washington onjanuary 6th, have begun communicating with congressional investigators about what happened when the former president's supporters stormed the us capitol. they have also spoken extensively to rolling stone magazine and have detailed explosive allegations that multiple members of congress were involved in planning both trump's efforts to overturn the election defeat and the protest that would turn violent. let's speak to hunter walker, the journalist who first broke the story in rolling stone. so how would you characterise these meetings and what their purpose so how would you characterise these meetings and what their purpose was? it's important to note that we have already seen some indications that the multiple republican members of congress were involved to some degree in the events of january six and it lead up. multiple members were speakers at this wild protest rally at the election ? build speaker

fergus walsh, bbc news. let's have a look at the latest uk coronavirus tickets issued this afternoon. let's take a look at the uk's latest coronavirus figures. the government data shows there were 36,060 new infections recorded in the latest 2a hour period. on average 35,185 new cases were reported per day, in the last week. 6,763 people were in hospital with coronavirus across the uk yesterday. there were 127 deaths, that's of people who died within 28 days of a positive covid 19 test. 108 deaths were announced on average every day in the past week. 85.4% of the population aged 12 or over have had their first dose of a vaccine and 78.4% have had both doses. dozens of people have been killed in a suicide attack on a mosque in northern afghanistan used by members of the minority shia muslim community. the incident happened in kunduz during friday prayers. officials say at least fifty people died in the bombing but reports put the figure higher. 0ur afghanistan correspondent secunder kermani has the latest fro

fergus walsh, bbc news. thanks very much for coming on the programme.— the programme. thank you for havin: the programme. thank you for having me _ the programme. thank you for having me on. _ the programme. thank you for having me on. this _ the programme. thank you for having me on. this is - having me on. this is undoubtedly - having me on. this is undoubtedly a - having me on. this is undoubtedly a great. having me on. this is i undoubtedly a great day having me on. this is - undoubtedly a great day in this very, very long battle. but of course it is not a silver bullet, there are still huge challenges ahead? that's riaht, huge challenges ahead? that's right. this _ huge challenges ahead? that's right. this is — huge challenges ahead? that's right, this is the _ huge challenges ahead? that's right, this is the huge - huge challenges ahead? that's right, this is the huge vaccine l right, this is the huge vaccine to help reduce the risk of deadly severe malaria by 30%, in sub—saharan africa where it is a huge threat. was born in liberia and i head malaria a few t

fergus walsh, bbc news. tell me first of all, how important and exciting is this? it is and exciting is this? it is fantastic. _ and exciting is this? it is fantastic. for _ and exciting is this? it is fantastic. for many - and exciting is this? it 3 fantastic. for many different reasons. first, is vaccine against a very complicated organism, malaria is a parasite, not a virus and so, is a parasite, not a virus and so, is a parasite, not a virus and so, is a testament to numerous areas in which we pushed it forward both of the technological front. which we pushed it forward both of the technologicalfront. huge numbers of trials have been done and many minds, global partnerships have led to this. it is really encouraging. fantastic news. iwas the malaria — encouraging. fantastic news. iwas the malaria hits _ encouraging. fantastic news. iwas the malaria hits children _ encouraging. fantastic news. i was the malaria hits children harder? their smaller and they have no immunity essentially. and they have a smaller blood volume and the malaria parasite invades and ea

fergus walsh. fergus, thank you very much indeed. fergus walsh-— fergus walsh. let's talk to nina about inflation _ fergus walsh. let's talk to nina about inflation figures. - fergus walsh. let's talk to nina | about inflation figures. statistics out of this morning. this affects people, doesn't it? it is all your spending. tt people, doesn't it? it is all your spending. it is how far our it is all your spending. it is how far your pot _ it is all your spending. it is how far your pot of _ it is all your spending. it is how far your pot of money - it is all your spending. it is how far your pot of money will - it is all your spending. it is how far your pot of money will go i far your pot of money will go compared to how much things are costing. good morning. how quickly a going cute —— up? that's the question inflation answers — by scrutinising a typical "basket of goods" taken from hundreds of goods and services. for the month of september inflation was 3.1%. slightly lower than 3.2% the month before — but still uncomfortably high. why? you won't be su

willie walsh leads the international air transport association, a trade body for airlines. i think this is a big positive development, particularly for families who will now be able to avoid the cost associated with testing. we need to do more. you know, the requirement to do a test after arrival — particularly a pcr test, and they will change that to a rapid antigen — but i don't understand why they are waiting for some time to change that. i think the industry could adapt and introduce that change much quicker. but it's going in the right direction. industry group airlines uk said travel would now be easier and cheaper, and next they hope to see more countries come off the red list. katie austin, bbc news. we can talk now to alan french, the chief executive of the travel firm thomas cook. welcome. thank you forjoining us. what do you think the impact of these changes will be? i what do you think the impact of these changes will be?- what do you think the impact of these changes will be? i think it is aood these changes will be? i think it is good news — these change

willie walsh leads the international air transport association, a trade body for airlines. i think this is a big positive development, particularly for families who will now be able to avoid the cost associated with testing. we need to do more. you know, the requirement to do a test after arrival — particularly a pcr test — and they will change that to a rapid antigen. but i don't understand why they are waiting for some time to change that. i think the industry could adapt and introduce that change much quicker. but it's going in the right direction. industry group airlines uk said travel would now be easier and cheaper, and next they hope to see more countries come off the red list. katie austin, bbc news. there've been further volcanic eruptions on the spanish island of la palma in the canary islands. scientists say activity in the area remains "intense" almost two weeks after the first eruption. it's now thought lava flows could continue for the next two months. let's ta ke let's take you now to the live images. this is life this morning. as you can see this is not

walsh: it is about the pandemic. this is a worldwide issue with the participation rate in the workforce. clearly people are concerned about go to variant and concerned about their health, and a lot of people are reevaluating their work-life balance and changing their careers. alix: joining us is elise gould, economic policy institute senior economist. what gets that up? elise: i think the truth is, as he stated, we are still in the middle of a pandemic. we saw a fivefold increase in caseloads between july and august. that expand a lot of that slow we saw in august that many people didn't expect. think the pandemic is playing a much larger role there. we saw it continue to rise into early september, and the reference week we are looking at in today's jobs report was about the same in terms of caseloads as it was in august, so people are concerned, and rightly so, concerned about their health and maybe not coming back in yet. guy: i want to ask the question asked at the top of the show. where have all the women gone? t

come up -- coming up, willie walsh says the airline industry has passed the worst of the covid crisis and the path to recovery is coming into view. more on that next. this is bloomberg. ♪ >> we are going in the right direction and we've got to take confidence from recent announcements like the u.s. opening to europe vaccinating, what the u.k. has done recently, what australia is saying it will do. we are seeing a change and that's why we are more optimistic about international travel. i don't think you will have a big difference long-term, and i was looking at the forward curve, which suggests prices will ease off during 2022. it will add a little but of caution to airline management teams but i don't think it will make a significant difference. dani: director general willie walsh on the gradual recovery in the international travel sector and oil prices. still with us, norman. there we heard the view of the chief of iata saying he think oil prices will ease. do you think the same? norman: we think eventually they ease, but what we are seeing not only in oil but a lot of commodities

marty walsh is the u.s. secretary of labor. spoke to jon ferro a little earlier on on this very issue. sec. walsh: this is a worldwide issue with the part is patient right in the workforce. we clearly have more work to do. people are concerned about the delta variant. people are concerned about their health. i think people are reevaluating their work-like balance and changing careers. guy: let's recap what we know, what we don't know, what we need to know, with bloomberg's international economics and policy correspondent michael mckee. where is everybody? where are the workers that we need to fill for the job openings we know exist? peter: maybe we need to ask -- michael: maybe we need to ask an astronomer because the numbers are a black hole. we have not only stalled out in closing the gap, but this is the rate at which we would have added more people to the employment roles had dependent not happened. so we still have a pretty big gap to fill. it didn't change all that much with this report at 6.8 million people, depending on

william walsh is heading up iata. the last group he was heading up was iag, one of the better placed airline groupings. you mentioned ryanair come easyjet, these low-cost groups in europe's had learned lessons over the year in close and scrupulous cost management. that is not probably adopted industrywide. i should mention lessons learned in groups like air france and klm. all of those are in much more difficult segments. smaller airlines in markets regional always have a tough time and it is a sector prone to government taxation and understandably in the spotlight for an environment that will bring issues of cost and credibility the industry has to address. alix: it feels like it is easy to look at the government bailouts we have seen as a covid thing and hopefully they can start making their own money and then it will be fine. i want to pivot off of guys point as we transition into a world where sustainable aviation fuel is by no means prevalent and at some point we will need -- we will need new planes. is this nati

vice president kamala harris and labor secretary marty walsh met with workers today ahead of the president's deadline for federal employees to improve their vaccination status. proof must be shown by november 8 or face unpaid suspension followed by termination. it is the latest stepin the president's push to increase vaccination rates. it could include a measure to expand or temporarily remove the cap on the federal deduction on state and local taxes. the house ways and means committee chairman said addressing the $10,000 deduction limit imposed by republicans in their 2017 tax overhaul is still on the table. key democratic advocates said they prefer a complete repeal of the cap. a volcano in southern japan erupted, sending gray smoke into the sky. the warning level was raised to 3 on a scale of 5, warning hikers and residents to avoid the mountain. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. >> welcome to "bloomberg markets ." matt: i am matt miller. welcome

willie walsh at iata was getting hot under the collar because europe will mandate how quickly airlines need to increase the amount of saf they put into the mix. you have stable aviation fuel, you can mix those up, it will be mandated, where is the u.s. is trying to increase supply, which feels like it may be a better way of going about it. alix: it is also why carbon offsets are still necessary even though we can make fun of the fact you take a plane and you plant trees or you do not cut down a tree and that helps. that is a real thing for an industry like the airlines. they may want to do the right thing but they cannot. too many problems. maria: -- guy: the technology is in the way will the many question whether offsets -- alix: everyone questions it. you cannot get away from it. whether they work as a different conversation, but you cannot get away from it. we will hear more from different ceos. currently we are hearing from the wells fargo ceo talking about wells has accelerated remediation payments to customers. also warning supply chain and labor shortages are still hard for clie

., labor secretary marty walsh speaking with our very own jonathan ferro. he's going to be speaking about what to expect with how sticky wage pressures are, how to create a virtual wage increase spiral because it takes more than one, two, three years of increases in wages before we get that. at 11:30 am, we hear from president biden, busy on absolutely everything right now. he wants to talk about how great the labor market is, but that it still needs work. he will try to push forward his agenda and give us a sense of how much of a reprieve we got with the geeking of the can to december -- the kicking of the can to december. tom: i think this is underrated. we have had a vix go from near 25 down onto 20 in the last number of days -- down under 20 in the last number of days. it is a pre-payroll draw up. and by the politics. jonathan: kicking the can to december 3 helped that as well. tom: we are all being fed analysts instead of looking at the markets, which are very constructive. jonathan: can we get to the queen of rates? priya misra joining us now, td secu

jonathan: marty walsh, the u.s. secretary of labor. we have a shortage in this country. we have a supply issue, and we saw that in the labor market this past friday. your equity market is -16, down 0.4% on the s&p. and the bond market, with the u.s. bond market closed, it clicks. that's why lisa is not here. the bond market is closed. [laughter] the bund market is open. yields are higher by three basis points. we approach zero again. euro-dollar unchanged. up by 0.3%, we add to the price of -- up by 3.5%, we add to the price of wti, $82. tom: i think it is a global proxy for the u.s. as well. you're just grinding up. imagine going through that 1.70% level of months ago. jonathan: we are not far. $85 a barrel on brent. jonathan: have a look at what the banks have done of the back of their september 20 second meeting at the federal reserve. up more than 10% on jp morgan, i think up more than 13% on bank of america. just a quick change like that, the conversation for the potential of higher rates, and the banks off to the races again. tom: right now we go to 1600 pennsylvan

the opinion of the secretary of labor, the gentleman from boston, marty walsh, not only on the american labor economy, but on what the red sox need to do to beat the evil horde from tampa. this is bloomberg. ♪ jonathan: from new york city, good morning. a big downside surprise on the payrolls report. is 194,000 good enough to get it done? that conversation coming up. "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. is 194,000 enough to skip over a low bar? >> this jobs report is huge. >> they were likely to taper started in november. >> the ceiling is important. >> they told us they start november. >> you would have to have a pretty catastrophic payrolls. >> the fed has been pretty clear in its communication.

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and like the bill walsh 49ers and like many businesses, the patriots can be emotionless when they make decisions n. august of 2019, months after the patriots had won their sixth super bowl, tom brady wanted a contract extension to carry him through age 45, his long-time stated goal to play that ong long it was a contentious, very contentious contract negotiation. at one point he considered leaving training camp in protest. and he finally signed what was billed as a two-year teal but was really a one-year deal that allowed him to be a free agent at the end of the season he knew right then that 2019 was going to be his last season with the patriots and we have seen, obviously, that robert kraft and bill belichick, who more than anybody, should know better than to underestimate tom brady, did just that. >> fascinating the points that i take away here are the idea of, why do good partnerships work? it is joint and single minded focus on a similar goal, on a singular goal. number two, the ceo listened to both people very well until the band could stay together no longer it was like the beat

nick waiten walsh has the latest round of bloodshed. a warning you might find this report both graphic and disturbing. >> reporter: the victims came here to worship during friday prayers at a shia mosque in afghanistan. an act of faith that for two weeks in a row has been the target of suicide bombers. witnesses say multiple attackers entered a mosque shia setting off a series of blasts and killing dozens of workers. >> translator: firing started after the prayers. heading towards the windows many people were martyred or injured there. >> reporter: and in kunduz, at least 46 people were killed. isis-k, affiliate in afghanistan claiming responsibility. the back-to-back, just escalating fears that isis-k, enemies in the taliban and the west growing in strength in this new afghanistan. and they're planing peace and stability. the taliban says it has ordered its fighters to arrest those responsible for this latest attack, but only to protect the minorities it now governs, but also because any attack on kandahar, the birth place of the talib

>> nick payton walsh. thanks very much, nick. >>> now, the fda is expected to green light a mix and matcha approach to vaccine booster shots for americans this week. that is according to reports in "the new york times" and other outlets. officials told the times the fda might tell people to stick to the same vaccine when possible, but it won't recommend one shot over another. last week if you remember the fda advisers heard early ongoing results from the study it was safe to mix boosters and might be a better option for people who got the johnson & johnson shot. >>> well, former fda chief scott gottlieb is calling for more research into the strain of the delta variant circulating here in the uk. he said there is no indication it is more transmissible than delta, but it is important to quickly identify variants around the globe. it comes as covid numbers are surging in the uk which has few pandemic related restrictions. still a recent report from the government found new variant accounts for just 6% of new

. >>> joining us now to discuss the labor secretary marti walsh. thank you so much for taking the time this morning. >> thank you, and i caught the last piece of the last setting the. i think we'll probably work off of that one today. >> this is the second month in a row where it's not a good number for the country, for the administration. why another miss here? >> i think this is a complex report. when you take a deep dive into this report, you look at hospitality and retail where we gained 74,000 jobs. the expectation was much higher. when we looked atd the reason for that, the delta variant, the rise in the delta variant had an impact in the restaurant and hospitality area. both as hiring and in people going out to dinner. the other area that is kind of baffling to a lot of people is the public sector education realm. a lot of us with scoop ises opening, most of it in-person learning, lots of people needed to work in schools, and we saw an issue there. so we have to do a little more work in those sectors because we have a an ability to change th

nick payton walsh. nick, good to see you. >>> now, more americans are quilting their jobs than ever before and analysts say it is about extra leverage workers because of the pandemic. a record 4.3 million people left their jobs in august. that is according to the labor department. that's just shy of 3% of the work force. it is the highest quit rate since the government began keeping track of this two decades ago. now, most of the people who left were in accommodation and food services, wholesale trade, and state and local government, education. >>> now, the international monetary fund, the imf, says a supply chain disruption as well as inflation are slowing economic recovery from the pandemic. the imf now expects the global economy to grow 5.9% this year. that's slightly lower than its july forecast. the 2022 outlook remains unchanged. the imf slarshed its foyrecast, the highest than any g 7 economy in this forecast. in all this news was a choppy day for forecasts. all three main indices rebounced befor