marty walsh, the u.s. secretary of labor, thank you very much. your equity market positive a little more than 0.1%. we were looking for 500,000. the range was as wide as ever, and i will leave you with that line from ellen zentner of morgan stanley. if economists were right, it was probably an accident. he economists once again were wrong. from new york city, thank you for choosing bloomberg av. this was -- bloomberg tv. this was "the countdown to the open." this is bloomberg. ♪ >> from the financial centers of the world, this is "bloomberg markets," with alix steel and guy johnson. ♪ guy: friday the eighth of october. 3:05 in london, 10:05 in new york, 35 minutes into the trading day in the united states. from london, i'm guy johnson, with my cohost in new york, alix steel. let's talk about the market reacting to this payroll number. the payroll number was a disappointment. markets are drifting sideways on equities. i think everyone is trying to figure out whether this is a decent number in jay powell's book. is it enough? alix: it seemed li

when mayor marty walsh resigned to become joe biden's labor secretary, a diverse slate of candidates jumped into the wide open race, the top six all identifying as people of color, three of them black. kim janie, john barrows, and district 4 city councillor andrea campbell who was endorsed by the "boston globe" but none of the three made it through the primaries. >> boston was on the cusp of possibly for the first time voting in a black man or a black woman as mayor, but it fell short. why? >> turnout was abysmal. i was growing up, and not seeing someone in the office who looked like me. i want to see that not in just the mayor's office in other positions across the commonwealth. >> our tour guide see it as -- >> there isn't a clear way for blacks and bostonians to clearly aggregate political power and wield it in this city. >> reporter: even though campbell won't be declaring victory on tuesday she says it is still a milestone we are celebrating. >> it is hi historic, a beautiful thing. we are going to be electing a woman for the first time in this city. we should celebrate that. >>

. >> leading off our discussion tonight is joe biden's labor secretary marty walsh, thank you very much for joining us tonight, mister secretary, really appreciated. >> thank you lawrence, thanks for having me tonight, so the president was hoping for a bill signing ceremony on the infrastructure bill, you didn't get that vote today, what is the presidents next expectation. he didn't get the vote today, what does he want now from the congress? >> i think the president said today he would like to see this bill pass, if i heard correctly, in his words, within a week. i think there's many of opportunities for us to get this bill passed, today was a day in the process of a democratic process. and certainly we had a good progress today. i look at it that way. we have two bills now. we know exactly what they are. we know the investment that we made in the american people. we know the investments made in housing and childcare. in adults, and child training. we already know very clearly on the physical infrastructure, the roads and bridges and waterways. now you just have a few more days here to

labor secretary marty walsh coming up next. ♪♪ it's not some magical number. and it's not something we just achieve at the end. it's a feeling... of freedom to live our lives the way we intended. though the ups... ...the downs ...all of it. this is financial security. and lincoln financial solutions will help you get there as you plan, protect and retire. this is lincoln financial. ♪ ♪ there are beautiful ideas that remain in the dark. but with our new multi-cloud experience, you have the flexibility you need to unveil them to the world. ♪ ashley: let's look at facebook. let's bring in mark mahaney, still looking at facebook despite the controversy and negative headlines. make your case. >> investors will ask two questions. one, is this controversy going to cause users -- is a going to cause advertisers to pull budgets away? i think that is unlikely to happen. not like this company is a stranger to controversy. you had cambridge analytical, political boycotts last year. facebook has shown value proposition to consumers and advertisers is enough to offset

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

labor secretary marty walsh also silent, nothing posted on his twitter page. jillian: we'll stay tuned. we're hearing something from a facebook whistleblower. cheryl: the former facebook employee who blew the whistle on the company says the company engagerred in a he betrayal of democracy. >> as soon as the election was over they turned them back off or changed the settings back to what they were before to prioritize growth over safety and that really feels like a betrayal of democracy to me. i don't trust that they're willing to actually invest what needs to be invested to keep facebook from being dangerous. cheryl: she said facebook is tearing societies apart and causing ethnic violence around the world. jillian: cheryl casone live for us. thank you. todd: louisiana's largest hospital system looking to make healthcare heroes pay the price if their spouse is unvaccinated. akshner health says a $100 per papered fee will apply if an employee's spouse is covered by a medical plan and is unvaccinated. here to react, jimmy fairclaw and a registered nurse, valerie

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.

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

labor secretary marty walsh say getting back on trot economically as it is simple vaccinating kids. >> a lot of people are looking at are they going to make a career change. they're looking at their work and life balance to change freight also i think people are still concerned about the pandemic and the delta variant as we think about approving the vaccine for younger kids in schools, i think that will brin more people back to the job market. >> steve, david just told us vaccine mandates are killing hi and hurting his employees very to can't get people to work for him. is forcing kids to get vaccinated the answer? >> this is a real problem right now. one of our donors has about 600 employees who runs a factory in wisconsin. he said i will not, i will clos my factory rather than require these workers to get a vaccine against their will. 80 percent of them, even the ones who have been vaccinated o this is outrageous that the government would force people t get vaccinated against their will. a related problem by the way with respect what's happening with the workforce is joe biden today

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

secretary of labor marty walsh, who is the, of course, the top official in charge of u.s. labor policy ex went to a picket line in lancaster, pennsylvania, today to show support for the kellogg's workers. he said this ahead of the trip. i grew up in a working class family. i am the son of immigrants and a proud second-generation capital laborer. i have always stood with america's working people. see you there. on the picket line, secretary walsh said these workers are exercising their right for free speech to get better working conditions not just for them, but their families and the generations of people who are going to come behind them. it might be different for a secretary of labor of the united states of america to come out and stand on a picket line, but he said workers need to understand that people stand with them and i want them to know as secretary of labor i will stand with them. according to our local affiliate there in pennsylvania, secretary walsh even joined the picket line himself at one point march being the workers as they demanded a better deal. this rec

today einterviewed labor secretary marty walsh who also had the similar message that the provisions of the build back better act are needed and they are needed now, and, you know, when we're talking about supply chain disruptions and we're talking about inflation, when we're talking about american families hurting, from the biden administration's perspective, no, they don't have control over the economy, but what they have control over which is passing a reconciliation and an infrastructure bill, they want to get that done. and whether that adds to inflation or not remains to be seen because there's no bill to talk about jut yet. >> woodruff: how much does timing matter in all of this, whether they get it passed? you know, they're saying reeled love to get it done by the end of october, people are saying it's not realistic. >> it doesn't matter that much. the inflationary worries are an argument for phasing in what they want to do and make it slower so you don't get a big burst of demand. what's puzzled me is politics operates on the position if a politician does something for you, you

. >> now labor secretary marty walsh. he talks about artificial intelligence and digital technology's impact on u.s. manufacturing. "the washington post" hosts this half an hour event. >> good afternoon, i'm jonathan capehart, opinion writing for

walsh pointing to the reason we need more government spending but as the president reversed course on economic policy from the former administration, and regulation on fossil fuels, cancel pipelines, band leases for drilling and federal lands the trend shows slowing of job creation, federal reserve chairman says 3 months is a trend, 366,000 and now 194,000. another problem the administration and federal reserve have, the fed chairman looks at laborforce participation and that is down to 61.6% on laborforce participation, the reason is 180,000 people left the labor force altogether, the labor secretary says more programs will fix it. >> a lot of people are thinking about work/life balance, talking about what is happening i talk to businesses, restaurants all the time and talk to workers all the time and lots of people i thinking wait a second. i'm looking at something new. that is why it is important to double down on efforts with job training, continue to work with states. >> reporter: we are waiting for comments from the president, they are delayed from the white house, the president

the winner of the election will replace marty walsh, who has been serving as u.s. labor secretary since march. since march. ♪