and morgan? >> we handcuffed her inside of the interview room and told her that she was under arrest for the murder of kevin mengel jr. >> they sent a police officer to talk to kevin's father. >> he said that we believe that your son has been murdered. it was not easy to sit and listen to. >> kevin's three children were spending the day at his sister michelle's house when she learned that kevin was not coming back. >> kevin's kids came in and they just came up and they just started hugging me. and they're like, "what's wrong?" i think they knew. >> michelle had known all along, she says, in her gut that kevin was dead. but how it happened? michelle could not believe what police were telling them. she remembered steve shappell as that scrawny, unassuming guy who worked for kevin mowing lawns. in fact he had done some work on michelle's yard just a few weeks earlier. michelle felt badly when he told her he just had his wisdom teeth out. >> i was so worried about him for the two days that he was the

would owe jp morgan money. elon musk tweets this and jp morgan says this constitutes a significant event. otherwise, it looks like tesla will have to pay that. tesla took issue saying this was not a valid thing for them to do. ap morgan issued -- jp morgan issued in the complaint saying not only were they appropriate but tesla shares would close above the new strike price but the original one as well. a testy complaint. we have not heard a response from tesla. that is important what you are emphasizing, this is a small amount of money potentially bridging -- potentially burning the bridge between these two. francine: yuan climbing on the news of the president biden and president xi meeting. the bar was so low, because they ran over 30 minutes, we are putting a stamp of success on that. tom: that is it for the european market open. surveillance, early edition is next. this is bloomberg. ♪ moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your

stuff like this absolutely cannot have them. >> emily: morgan. >> morgan: yeah, just remember back in the obama administration cheryl atkinson had her computer center phones illegally spied on by the obama administration doj. the same people in charge during the biden years. >> emily: so true, it's as if it is halloween. a new report says more people this christmas are claiming to give secondhand gifts this year. what secondhand gift with the panel give to someone they love, and someone they don't have so much. a kamala harris bobblehead is on our list. that gives you a hand. ♪ ♪ ♪ ♪ newday's low rate refi offers their lowest rate in history. two and a quarter percent. just 2.48 apr. save thousands every year and there are no upfront costs. not one dollar. the newday low rate refi. take advantage of these record low rates so you and your family can save. ♪ ♪ >> emily: admitted of inflation and the supply chain crisis, 56% of people are open to receiving a secondhand gift for christmas. what secondhand gift would we give to someone we love or someone we don't love? >> kayle

jamie diamond the brash ceo of jp morgan. what would make him apologize not once but twice the story next >> the head of the biggest bank in america apologizing today after making a joke about china's communist party. at an event yesterday at boston college a person as jp morgan chairman and ceo jamie dimon a question about doing business in china. this is how he responded. >> i was just in hong kong i made a joke that the communist party celebrates its 100th year, so is jp morgan. i'll make a bet we last longer i can't say that in china. they probably are listening any way. >> well, today mr. dimon walked back those remarks in a statement released by jp morgan, he wrote, quote, i regret and should not have made that comment i was trying to emphasize the strength and longevity of our company. hours later mr. dimon said he regrets his, quote, recent comment because it's never right to joke about or denigrate any group of people whether a country, leadership or any part of society and culture. >>> managing director and senior p

morgan's parents say morgan and skylar were like sisters. >> what are your memories of skylar when she was this high? >> she giggled all the time. it just filled our house. >> she had the biggest eyes. you'd just want to hug her. >> they were good girls, got good grades. morgan dreamed of becoming a meteorologist. skylar, a criminal lawyer. they also had a pact, that they would always be there for one another. and you would both be in each other's wedding parties? >> everyone has a sister to put in their wedding, and we had each other. >> as freshmen at morgantown's university high school, the two girls drifted apart a little. with a new school came new friends. classmate daniel hovater said the bubbly skylar fit in right away. >> friends came first for her. she was always about hanging out with friends if she didn't have work or school. >> soon, skylar had two new bffs, sheila eddy who the meeses had known for years and rachel shoaf, a striking redhead with broadway aspirations. it wasn't long before they were calling themselves the three musketeers. and in pictures they looked the pa

he codified these morgan stanley method. we argue about it out in public, and i am always respecting that morgan stanley takes a different tact. that is going on at morgan stanley. it is a cautious view. michael kushner joins us. he is going, tom, do not ask about the stock market. dovetail how your world folds into the stock market. >> we think of it from a top-down view. what is the fed going to do to respond? what is going on in the economy? as well as inflation and growth. an unbelievable opposite move in real yield. they have ratcheted up over the course of the year. offsetting the impact on nominal yields. it is on and off for most of the year. a gridlock between the bulls and bears. tom: the nominal is the nominal yield full. they take away the inflation dynamic. which is the greater? quest we have had surprise inflation all year long. every single quarter, it turns out higher than expected, quarter after quarter and month after month. it is substantially higher. it has been expected. higher inflation was expected. to

wilson of morgan stanley. if you are in global wall street , mike wilson is must listen, must watch. futures -14, dow futures negative 124. please stay with us. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. in germany, olaf scholz is set to succeed angela merkel as chancellor. he will form an unprecedented alliance that aims to rebound europe's largest economy by tackling climate change and promoting digital technologies. centrist democrats will present their agreement with the greens and the free democrats today. in turkey, the plunge of the era threatens -- of the lira threatens to erode. demonstrators called for an end to economic mismanagement. meanwhile, the lira has bounced back slightly against the dollar today. a spacex rocket carrying a nasa probe has launched on a historic mission. the probe will test whether it is possible to keep a speeding asteroid from crashing into earth. if all goes well, it will collide with an asteroid at 15,000 mile-per-hour. the goal is to nudge

shery: how much progress has jp morgan made in china so far? sally: a fair bit. it won approval to fully own insecurities venture there. and the bank has always said that it has a huge -- the country offers a huge opportunity for it. it is also a place with potential for huge profits for businesses. so generally, they don't want to say things that might antagonize the communist party, which is particularly sensitive to statements that can be taken in a way that is seen as critical of itself or its policies. so companies have to walk that line very carefully in china. we have seen that with the nba, with verse that she and coach, they all have to make statements to appease the government following similar situations where comments made might have been taken in the wrong way. sheri: it has been really interesting to me to see how all sweet banks are so optimistic about the chinese market, when at the same time we are seeing increased financial decoupling between the u.s. and china, whether it is u.s. authority scrutiny on chinese listings in the u.s. or the chinese

tech. >> my real profile is miss brandy morgan. there wasn't a ton of females showcasing coding on instagram so that was the original story. >> reporter: photos of morgan working at her commuter with inspirational captions have attracted 56,000 followers but also grabbed the attention of scammers. >> a lot of these have been taken. a lot of times my followers will send me this person either just reached out to me or i just saw your photo on this account that's usually how i find out about it. >> reporter: morgan says there's been so many imposter accounts using her photos, she posted videos on her account to explain. >> it's sad because these people that are stealing my photos are tricking people to give them money and people are losing money over it. then they finding me on my real profile, my only profile and get mad at me and harass me for taking their money when i didn't. >> reporter: when we spoke with morgan, there were at least seven accounts using her photos under different made-up names. gina ford, trade with kim 1, ashley

morgan stanley can with q1 2023. td going with december 2023. others looking for the second half of 2022. tom: james bullard coming up, and ira jersey will join us in moments on the stunning td securities call. right now, david wilson on the stunning growth stocks. dave: another way to put it is how many more value stocks there are relative to growth. inc. about it. for the last several years, you can go back to the late to thousands and you see value doing relatively poorly by comparison with growth. lori calvasina at rbc capital markets took a step further because it is not like the russell 1000 growth and value index has a fixed number of stocks. they vary over time, deepening on which companies best meet the characteristics. so what has happened is you see an increasing number of value stocks relative to growth. think about it in simple economic terms. if the supply of something goes up in the demand doesn't come of the price goes down. that is what has been happening in large measure over the years from value stocks. you see the number of s

morgan embracing that idea. why so much toward c, b d, c is rather than any other traditional crypto currency. is it all about the volatility there? now it's about, it's about being in bed with the powers that be, listen, it is cvd, sees the central bank back digital currency. what does that mean? it simply means that government 2nd print their own money will soon be printing their own digital currencies. course, i don't have to print them, right? they'll be mining them, mining their own digital currencies and all the concerns they have, by the way, about the mining process and the cost of electricity. suddenly they won't care about that anymore when it comes to their own currency. but here's what will be happening, is now you have a again, limitless supplies that are created because unlike a crypto currency, like a big coin that has a set market supply that will ever be mine. central banks won't do that. they'll have limitless supplies of digital currency because that's what they do right now with the theocraci

morgan. then with q1 2023 from morgan stanley. then december 23 from td. there's a massive spread on wall street on when they think the fed will move. tom: there's two debates on inflation, bowtie debate and a real debate out there about what does it cost at thanksgiving dinner versus 12 months ago. lisa: the pace of the inflation and the decline in that rate, he was basically saying it might be enough if early next year, the fed sees what it wants. second quarter, a start of a decline, do they have time to do that? tom: equities will lift further as we go into the data check. macy's is showing people adapt. jonathan: we seen that from several of the big retailers in america. your equity markets up broadly. crude heading lower, down 0.2%. a $78 handle on wti, $78.20. tom: we will see it with the data here, and esoteric stuff going on with turkish lira as well. let's get right into the debate coming up with michael mckee on claims and 27 minutes. matthew brill joins us, invesco head of credit. we talk full faith in government credit all the time. what is th

seeing you, morgan >> yo, what up, seth where roy? where roy? what up, roy >> yo, what's up >> can i get my $10 back you owe me $10 >> seth: now -- last i saw you, we zoomed two weeks into the pandemic and i got to tell you, tracy, i think it was the first time i laughed after the pandemic started. you were so funny. and it's so good to see you. how are you feeling these days >> i'm feeling great i'm just a little distressed 'cause my name -- my name keeps coming up and everything, man. >> seth: how so? >> they storm the capitol, my name came up >> seth: how so? >> michelle obama gets pregnant, my name come up. [ laughter ] two girls in a car, my name come up >> seth: really? >> yeah. >> seth: that's good, you're in the zeitgeist. >> man, my name keeps coming up in everything. >> seth: yeah. i want to talk about show business with you as i always do but i also want to talk about some things that i also know are important you to inflation -- inflation and the economy. [ laughter ] >> i going to keep my eye on them >> seth: yeah, keep y

morgan actually has been a part of this for a long time. remember a couple years ago, they released something called j. p coin, which was essentially designed specifically for this purpose. because whenever you have any kind of international transaction, you have to use a system is called the swift system, which allows you to be able to make those transactions across borders. it is a process, it's expensive, it's time consuming. it takes a long time to get it done. crypto currencies completely change that. and so what j . p morgan is saying, is that, yeah, if the central banks have their own digital currency, so c, b, d, c's, they will be able to follow the trail that's already been blaze by crypto currencies create a much less expensive prospect for banks to be able to send money overseas, and basically they're bypassing that swift banking system. and that was, that was one of the most interesting things i found about crypto currency in general, when i started to learn about it was the importance of those cross border payments where remitt

morgan stanley, jp morgan and morgan sachs all on this ipo together. it is rare to have three giants on an ipo. if i look back at the last six ipo's of this scale, you do not have all three together like this. it is an amazing, rare story where you have massive players. matt: i just pulled up the league table, goldman sachs is comfortably at the top with 20% of the market share. jp morgan in second place, morgan stanley in third. i would love to see a lead table for exchanges. is there a difference between doing an ipo at the nasdaq compared to doing a knife yell at the new york stock exchange? -- doing an ipo at the new york stock exchange question mark joe: we are trading aftermarket. you are trading and nasdaq stock similar to a new york stock earlier in the day. even now, it used to be the new york stock exchange was two letters. they are all mixed up now. to me, they have -- matt: this ipo continues, or the trade continues to rise in price. they are now worth 53% more than they were. do you think rj is bummed out he left more money on the table. h

back to that jpmorgan morgan story and the c.e.o. jamie dimon joking that his bank is likely to outlast the chinese communist party. he reiterate his commitment to the country. >> the communist party celebrated its 100th year. so is jpmorgan morgan. i'll make you a bet we'll last longer. i can't say that in china. tom: let's get to bloomberg's senior finance editor. what are the potential impacts of dimon's comments? has there been any reaction out of china so far? >> that is an interesting comment, especially in a year questioning whether the communist party is a permanent fixture. it is hard to gauge the potential impact. we have had jpmorgan morgan and others making a big push into china now. they are looking at, you know, they are looking at getting approvals for expanning in wealth management. jpmorgan morgan earlier this year got approval to gain 100% of its securities venture. there is a lot of business risk at stake for the bank. in terms of impact, we're not seeing any official comments or anything in social media or from lo

to add on to what morgan is saying. this is an unstable individual that plowed his car into this crowd of people. over a decade ago, he called in a bomb threat. he's convicted of statutory rape, failure to show up for many court proceedings as well as a litany of other charges. where is the service to him and the mental health issues that are likely within him? most likely being untreated. that's one of the biggest problems we have in the u.s. correctional system right now. severely untreated mental illness. we have an epidemic in our country. we have covid going on, obesity, many other chronic medical issues. if we start in treating mental health the way we do physical health, we would see less tragedies. so moving forward, we need to make sure that these families that lost lives because of this person get brought to justice and justice will be served. we also have to make sure we're treating the illness and we cannot continue to let people like this go through this system and just being passed on and passed on without

. >> i recognize you, morgan, you look completely different because last time we saw you you were 9, 3 and a half years ago, pre-pandemic you are in the studio after you developed a gaming app after taking a class at street code. we can't wait to hear about what you are doing now, but i think i will start with you, what exactly district code academy offer? >> the goal is to try to close the digital divide. we show clips, whether it be students or whether it be tech executives who recognize the need to be a bridge between people who are left out, and the growing innovation economy. we think that what we have within silicon valley is a prime example of what represents the world at large of that disconnect. so we provide free tech classes and try to provide our students with the mindsets, the skills, and what they need to actually contribute to tech and innovation. >> are your classes all free, and who gets to take them? >> absolutely. we say innovation for everyone, so our classes are absolutely free, we try to make as few barriers as possible to enter into this economy, so you have pe

of course, the latest on jp morgan and china. let's turn to one of our top interviews with a pioneer in the world of ai. he developed a computer program that actually beat the best human player. it was a forerunner of the pivotal moment in artificial intelligence when ibm's computer beat chess grandmaster gary casper off -- gary kasparov. he joined us to discuss the geopolitics of artificial intelligence as well as the opportunities and risks that is rapidly developing technology presents. >> i think both u.s. and china have tremendous strength in ai. the commercial companies, i think the u.s. tends to be much stronger in enterprise applications, and china is now showing a lot of progress in robotics, especially for manufacturing and warehouses, and the countries are developing great companies in autonomous vehicles, health care, and internet, but largely, those companies do not compete against each other due to the current geopolitical tendencies, so i think both countries, we are seeing tremendous ai companies leveraging the st

morgan not to own physical energy assets. and we've exposed a scandal where j. p. morgan, in fact, does control about a dozen power plants and even a monopoly utility called el paso electric. so the bat has been asleep at the switch on awful lot of things and we're seeing for from greater accountability and greater regulation over our energy market. right. i mean, that seems to be a great focus of the efforts. i mean, you can't build an economy like you can't build a house if everybody building the house has a separate yardstick, separate measuring tool to try to figure out how to build that house. you can have an economy if you've got everybody in the regulatory agencies applying different standards of the law. right? so there, there is clearly a re interpretation of, of statutory law going on by various regulators who have taken upon themselves to interpret the law. we know this is happening on wall street for years because they commit fraud and then they retroactively changed the law. famously when city bank bought travelers cor, violated glass steegal and then

south bay, 69 santa clara, san jose, morgan hill. inland east bay, 68 concord as well as for pleasant hill and upper 60s for the tri valley. around the bay 65 in san francisco, 63 daly city. alameda, san leandro 68. 66 napa and 64 for ukiah. something new that just popped up on weather models, chance to see a few showers saturday. the better chance will be the north bay and the coast saturday. here is the seven-day forecast san francisco, oakland, san jose, drier for today. we are looking at dry weather for your friday and again the chance to see showers possible for saturday in san francisco and oakland, dry saturday for san jose, dry for all of us sunday and then we are looking at wet weather returning. inland east bay, north bay, coast, we are looking at drier conditions today and sunshine, dry friday, a better chance to see wet weather for the north bay and the coast saturday. we are looking at temperatures in the 50s and 60s sunday and wet radar returning for us for early next week. let's check with gianna. i know you are tracki

>> good morning, morgan. appreciate being back on and excited to talk about our business as you highlighted in the preview we're up 100% year to date on a stock price, 10% today, and kudos to what i think is the most talented workforces in the industry and the demand continues because people have discovered or rediscovered outdoor enjoyment and the gratification from recreation. we're the biggest in the industry so we're supporting the trend. >> yeah. i mean, we've been hearing about shortages in parts of the country for ammo, ammunition sales were an area of strength up over 50% year on year can you make enough to beat demand >> that's the problem across the board. it's no secret that with vista supply chain, all sorts of challenges from a material and a availability standpoint, but we're working as hard as we can. we're continuing to work overtime, continuing to higher more people, to produce all of our coveted products, and demand outpaces our ability to supply at this point. it portends for continued grow

mike >> i think it's 40 or steps to the other desk, morgan thank you. we are looking at the market's implied expectations about inflation and it's reliable. this is the break even inflation rate that's embedded in the 10-year inflation protected securities it basically is the yield investors are willing to take compared to the regular treasuries so the spread is this break even rate and nominal yields are tips are negative demand for tips is what drives the rate the more demand the higher this will look. look at the demand recently. flows into the tips etf as really launched high ir. not tremendous absolute numbers why this is a 40-day average still a lot of money for the relatively small asset class now how much the owned by the fed as part of the asset buying program. they buy tips based on how much are outstanding. 22% owned by the fed the argument to suggest is a lot of supply demand effects and what we say are the market implied inflation expectations so it's not as if to bank on inflation being 2.7% over 10 years and it is seen coming in the next

>> commissioner morgan. >> okay. i will take roll call vote. [roll call vote] they are adopted unanimously. item five, chief of department's report chief nicholson on current issues, activities and events within the department since the fire commission meeting on october 27, 2021 including budget, academies, special events, communications, and outreach to other government agencies and the public and report from operations, deputy chief brian rubenstein on overall field operations including greater alarm fires, emergency medical services, bureau of fire prevention and investigation, homeland security and airport division. >> good morning. can you hear me? >> yes, we can. >> greetings, president feinstein, vice president nakajo, commissioners. i am chief nicholson calling in via phone as i am going to a department head meeting with mayor breed at 9:30. i am sitting across the street from that location. and in-person meeting. this is my report from the last commission meeting, and i am going to start with good news for a change, not for a change,

to look elsewhere like morgan is saying? >> listen, i've never been out of europe in all this time because you have to be there. now, to morgan's point, i do agree that i think next year, at least the first half of the year, is going to be tough in the united states, right? i think exactly right. the fed, look, the market's down on speculation that they're going to have to raise rates or taper faster than expected. so, yes, while i agree with that, i'm all -- i'm not ready to abandon the u.s. i understand it might be a tough year, but adding to europe and maybe overweight a little bit might be the way to go, but i wouldn't walk away from the u.s. liz: yeah. scott redler, wall street is littered with people who 5, 7, 8 years ago said, okay, we've seen enough, you've got to walk away from the u.s. but it does seep seem rather toppy. one of the biggest game-changers would be that the federal reserve is expected to hike twice next year, though oddly, morgan's economists say, no, no, that'll be 2023. rates are on the move, what d

morgan does not know that. so when they support gas problem with, you know, learn for example, they are supporting their terrible plants in the arctic despite the fact that j. p . morgan chase now has an arctic policy. one among the other big bank is we have barclays with $13000000000.00 citigroup with around $12000000000.00. and then he bought the french bank with around $11000000.00. that $1000000000.00. sorry. and then investor wise, the leading the ones leading the pack back rock as per usual, black rock is always, heavily invested in the oil and gas industry. we also have been gods and the french, i'm wendy, which is also a big player in the arctic. of course, there are many more in total we counted around $270000000000.00 invested in those 20 companies that are currently developing new oil and gas projects in the attic. so why is it that they're allowed to continue doing this? have they been challenged about the investments and what is their response? that's a good question actually. i mean the response h

morgan in the equity team. brent prices will reach $125 a barrel in 2022, $150 a barrel the year after, due to a lack of severe capacity. brent will reach $125 and 2022 and $150 the year after on spare capacity. tom: this is a complete shift. what is so important in this statement from jp morgan is who it comes from. this is christyan malek off the equity desk. it is different from edward morse or francisco blanch. it is synthesizing their global economic view, the global commodities view, right down to the granularity of what it means for the oil complex. jonathan: they say that true opec+ spare capacity next year will be 2 million barrels a day, below the consensus estimates of four and 8 million. that is one heck of a number, basically double where we are trading this morning. kailey: to be fair, you have seen that reflected in the production hikes that opec has put into place thus far. they actually have an produced as much -- have not produce as much. so i wonder how much that translates into what jp morga

morgan: morgan norwood, abc news, los angeles. liz: you can watch the american music awards tomorrow at 8:00 right here on abc7. liime for e thanksvi recast. just days away. lisa: it is days away and we had rain yesterday but look at this, the fog is back. it will be clearing and we will be left with sunny skies and temperatures at or above average not just today but thanksgiving. we talk about the week ahead in the holiday forecast next. liz: also, no steph curry? no problem. the reveal has the highlights and sports. ♪ i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. hi honey! hi mommy! oh i missed you! you just want to video call the kids. ok. hush little baby...don't say a word... but if slow upload speeds turns your goodnight call into an accidental horror movie... can you hear me? shut it down. just remember. you're not a bad mom. you just need better interne

they come from morgan stanley, our internal collies and networks. we also speak with later stage growth funds who are investing at the early stage where we are investing, which is series a plus. we have our multicultural innovation lab which we been able to meet a lot of excellent entre -- entrepreneurs who are diverse and women. that keeps our pipeline strong. over the past five years we've been very successful in keeping and maintaining relationships with founders of color and women, so that it wasn't hard to pull our pipeline together for the next level fund. caroline: you've cut them a check for the likes of cohesion. but you can strategically use them as morgan stanley, looking at real estate. is that going to be a narrative that you will be able to support them in different ways, or the customer as an investor and advisor? >> yes, we believe that cash is a good economy. the opportunity is to help these businesses accelerate themselves through the ability for our investors to be more active, to find commercial opportunities internally and exter

>> this is big time -- this is a big time for jp morgan. the market has really only just started to open up. it just got the approval to buy securities business. many are trying to do the same. these are very early days for a potentially massive expansion to china. you could be on the wrong side of the communist party. you need approval for everything in china. expand a new business, launch a new product, very closely tied to the communist party. not the kind of signal jp morgan wants to send right now. tom: david scanlon, thank you for giving us the potential implications for jp morgan, jamie dimon, and team walking back those comments weighing out their business. some breaking lines in terms of earnings. we speak to the ceo of remy cointreau in the next five or six minutes. there earnings have come at operating income. 212 million euros first half operating income. beating estimates of 150 5 million. a clear beat in terms of operating income. 200 12 million versus 155 million euros. margins looking healthy. first half operating margins of

eoin morgan has h finals are about en'oyment. eoin morgan has been — finals are about enjoyment. eoin morgan has been playing his cards close to his chest regarding who replaces jason roy to open the batting with joss replaces jason roy to open the batting withjoss butler. roy absolutely gutted. he's got a few options? absolutely gutted. he's got a few 0 tions? . . absolutely gutted. he's got a few otions? . . ., �* , ., absolutely gutted. he's got a few otions? . . ., �*, ., .,~ , options? yeah, and that's what makes this encland options? yeah, and that's what makes this england squad _ options? yeah, and that's what makes this england squad so _ options? yeah, and that's what makes this england squad so special. - options? yeah, and that's what makes this england squad so special. i - this england squad so special. i absolutely devastated forjason roy. it's never a good sign to come back on the pitch on crutches, but england have so many options. james events is brought into the squad. bairstow is open, so is liam livingston. i would love to see liam opening the batting. he

morgan stanley analyst predict the world's richest man will become even richer. so they're saying morgan stanley is saying that he will become a millionaire because the space acts. not because a tesla, tesla, he's already worth $300000000000.00. 1 he's made more in the past 9 months than warren buffett has made his entire invest in life. oh, so he's worth close to $300000000000.00. he might be worth it trillion or but we all might be throwing our soon leg. it's happens in other countries, zimbabwe being one of them and we're going to turn to something from 2015 by then. but what do you think of elan must becoming a trillion aromatic right? a lot of people in zimbabwe or chilly nurse, they have the actual trillion dollar backbone. so almost everyone in some, by way as a trainer, a saw an issue with the you must have corporate governance. yeah, you know, as, as people know, as the stock price goes up, his options kicked in and he ends up getting more of a percentage of the, of the company. um and therefore has absolute control over the company. and um, in a way, in

i'm going to ask mark morgan. he understood the cause and effect of the policies and the cause and effect of lifting the policies and how much -- it's going to be difficult to put that genie back in the bottle. what president biden destroyed is profound and significant. but, you know, mr. morgan, can you answer >> sure. so make no mistake, under president trump, we took the position, which i think is the right position, we do not need another country's permission to secure our borders and enforce our immigration laws. first and foremost, that's the position we took, one of strength and one of leverage. so yeah, part of a significant reason why mexico agreed to cooperate is was the threat of tariffs, make no mistake. and this administration, as senator johnson said, they gave away every ounce of that leverage on day one with the stroke of a political pen. so it is going to be hard to put the genie back in the bottle. right now, even though the supreme court has backed up the lower court's decision that they must re

>> sure, morgan. thanks for having me i would say two things number one, what you saw last year and also as recent as july, late june, early july, a spike in covid cases in malaysia, a lot of the supply chain did get shut down and had an impact on the semiconductor distribution, because there is quite a bit of supply concentration in asia, malaysia, vietnam, philippines i would say any kind of spike in those areas could have a slight negative impact on the supply chain which is already stretched given all the component tight ness and lead times. to apple in the long run might be a challenge, but in the near term to the december quarter, apple probably has enough component supply to meet where the content was forecasting, 20% growth year over year. in the near term the december quarter into maybe march numbers are fine, but if this pro longs, i think it's something to worry about, given it could crimp an already stretched supply chain. >> you have a large coverage of universe, and more broadly before t

that doesn't color the picture more broadly for morgan stanley. they are bullish on the economy and patient on the fed. i fund the patients on the fed interesting. get to the bond market. they are looking for the fed to make a call in q1 of 2023 at the expect pce to move back towards a 3% handle, employment to recover, but ultimately, the said to sit and wait, patient. they sound a bit like neel kashkari. ellen's that mayor -- ellen zentner, don't take offense to that. [laughter] 30's right now, 1.9 370%. it is that fed patients that divide a lot of shops right now. a lot of people think maybe the fed blinks. other people think they wait. tom: there's absolutely no indication they are going to blink. i challenge anybody to show me a fed in the process of establishing a dialogue to blink. i just don't see it. jonathan: we will see. get to the fx market. dollar index year-to-date, up 5.6%. you get the dollar strength early as the u.s. outperforms area next year they are looking to fade some of this move. the dollar index, we haven't talked much abou

morgan, morgan, morgan, not to own physical. all energy that's. that's we've exposed scandal which for j peoples for good. in fact, in fact, up control about it or does it more power and more quiet and more than evil in a monopoly? not, not, not, not, not, not electric, out. the bed is a sleeping switch out an awful lot of how they want. they want and work from greater accountability, great and greater elation or energy mark. right. i mean, that seems to be a great focus of the effort. i mean, i mean, you can't build an economy, you can't build a house, you can't build a half if everybody building the house. the 3rd yardstick, separate measuring tool to try to figure out. but i build that house. you can have an economy. if you've got everybody in the ready ready to get the story and buying different standards and of of the law right, there is clearly and reinterpret taishan per statutory law. going up going up, going up by various regulators who have taken up you later on. them saw later cells to solve later city and saw later separate the later s

right now visibility is down to zero in novato, and we are seeing that in morgan hill. it clears up as you are heading into san josÉ and the rest of the bay area. our temperatures this afternoon reaching in the mid to upper 60s. really nice with a lot of sunshine as we head through today. >>> mike, you have breaking news for bart riders? >> yeah, the berryessa line, it has a delay half an hour or more. this could get more complicated as we see it as a main focus point for a lot of lines. we will track that. the roadways, they are moving all right. we had an earlier start to some of the backups but nothing major until here on southbound 880. there's one lane blocked by a crash that has been there for 15 minutes. a good volume coming off the castro y as well. typical patterns except for fog in novato. back to you. >> thank you, mike. >>> next on "today in the bay," the reason advocates are questioning the use of helicopters during last year's george floyd protests. >>> in washington there could be a congressional punishment. we will tell you who they are punishing, comin