., 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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