The next 100 days. Tom the transition challenges are simple. He needs a single letter out of gsa and that has not happened yet. We will do with Greg Valliere a on this in a moment. There are still four states with under a 1 count, and that is really what matters around all the hoopla. Francine it certainly does. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Biden is launching his transition effort while President Trump continues legal challenges over the election. The news media declared biden the winner of the president ial election on saturday. The former Vice President won or was leading in states that would give him more than 270 electoral votes needed for victory. Meanwhile, the president has falsely claimed victory whilst saying there was widespread in legal voting. He has not offered any evidence. President elect joe biden will take the first step to one of his Biggest Campaign promises today, to bring the Coronavirus Crisis under control. He called for increased checking, and schools to reopen safely and eventually a free vaccine. Germany is considering whether to amend transatlantic trade relations. Bloomberg has learned that blu terrace may be delayed tariffs may be delayed. Negotiators for the European Union and the u. K. Will resume trade talks in london. A british official says there will be a redoubling of efforts. Prime minister Boris Johnson and ursula von der leyen spoke saturday to plot the way forward to a brexit deal. They said there are still huge differences that need to be resolved. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more im ritikauntries, gupta. This is bloomberg. Francine . Tom . Tom equities, bonds, currencies, commodities. Up ms all country world and to a record high, an indication of the worlds celebration of what is going on in america. U. S. Futures up 51, dow futures up 400. May be a high for the day. 8,609 im waiting to see with the vix does. Sitting at 27. 47. There was dollar weakness, now im going to call it. A flatness. It is clear there is a global rally sweeping across stock markets today. If you look at gains, they are stretching from commodities, emerging markets. Investors boy into about the possible split in Congress Investors boy and buoyant about the possible split in congress. There are number of things we need to watch out for. Treasuries are steady, but turkish lira surging the most since march 2019. It was quite a weekend also for turkey with the Central Bank Governor being fired, and the economic resigning. Was a thundering silence, a nervousness about recounts and legal maneuvers by the trump team, and across this nation where there were biden supporters, a celebration on that afternoon when ap announced 270 electoral votes. It was Truly Original in modern american history. Then there was the managing of the message. Here is the president elect. Mr. Biden i pledge to be a president who seeks not to divide but unify. Who doesnt see red states or blue states, only sees the United States. Our work begins with getting covid under control. We cannot repair the economy, restore our vitality, or relish life seth the lefts most precious moments, all the matters all the moment that matter most to us, until we get it under control. I said at the outset i wanted to represent this campaign, to represent an look like america. Weve done that. Now lets look at what the administration will look and act like. All those of you who voted for President Trump, i understand the disappointment tonight. I have lost a couple times myself. But now lets give each other a chance. Tom mr. Biden of delaware. Joining us now, Greg Valliere. We are thrilled that he could join us because he could before he could get out the agf note. Would suggest the gentleman from kentucky could discern the red and blue states. How divided is this nation for Mitch Mcconnell . Ieg it is very divided, and would argue this morning that the hangover now comes after the celebration, after the party over the weekend. A lot of things to be concerned about. The dominant story today may be the challenge coming from the Trump White House against this election. Tom there may be a challenge as well. The four states under 1 . If mr. Trump took all of them, he would get out i believe the 271 electoral votes and take the trophy. Do you consider that to be near impossible, or is there a outcome for mr. Trump . Greg maybe there is a 10 chance that trump could still win this election, a 90 chance that he wont. But i think this is going to be a very acrimonious period. Trump supporters were convinced that the election was stolen. I dont see any compelling evidence, but that will dominate the story this week, a week in which we have to act on the biggest story of all, the covid19 outbreak is out of control. Talk to me about how the republicans are playing this. When you look at what Mitch Mcconnell says, when you listen to others, they are sticking by President Trump so far. What is the strategy there . Greg it is the same thing we have seen the last year, a handful of moderates like mitt romney are saying one thing, and that you have conservatives like Lindsey Graham saying another. And i think the party is divided. I think they are not quite ready to throw in the towel yet. Maybe a week from now people will be saying to the president it is time to go, but we are not there yet. Is this going against the president longerterm . If you see President Trump hanging onto power and not conceding gracefully, does it make you want to reelect republicans, or does it put you off them . Greg hard to say, but i would say this. There is evidence this morning in the Washington Post and elsewhere that perhaps the Trump Administration will try to impede any transition process for joe biden. This could make things very rocky as we head into december. We have not passed a budget yet. We havent got a stimulus bill yet. There is still a lot of stuff to be done before the holidays come. Tom what is the nature of the gridlock . With a blur of stuff that has been underreported, Speaker Pelosi had a difficult election. Why does it matter if all the democrats vote for every palouse see initiative fiasco for every Pelosi Initiative . Did they . Greg unclear. I would say that you might make a case that they were an impediment. One of the reasons the democrats did not do well is that the rhetoric of Green New Deal was a little too exotic, a little too rich for a lot of voters. Love the idea of exotic here. How exotic can president elect biden be . Greg one of the big stories over the weekend, tom, is that the new regulations that are going to come right away on january 20, january 21, will and do all of the emissions controls that trump softened. It will toughen everything up, so on regulations, it will definitely be a strong effort by biden. Greg, if you want a government of unity, Something Else given the joe biden speech on saturday, what kind of cabinet, what kind of administration does he have to have . Who will he surround himself with . Greg he is going to have to be fairly moderate, and that gets to the issue of the aggressive stash of the progressives not being happy. Of the progressives not being happy. I cannot see Elizabeth Warren or Bernie Sanders and cabinet posts. Biden is going to have to get anything past Mitch Mcconnell. The biggest puzzle is Mitch Mcconnell. Which way is he going to go . He has not been talking very much. Francine if there is one thing you would be watching out for this week, what is it . Is it the republicans, some of the nominations . What is the one thing that we will find out in the next week which could change the setting for the u. S. . Greg the only nomination this week probably will be white house chief of staff. I think the bigger story this week will start today the really credible charges of voter fraud or things like that. So far what we have seen looks pretty frivolous, but if there are not credible charges, this could diminish the new president , it could anger a lot of the trump base, and that is not a good way to start an administration. Tom Greg Valliere with agf. Up, Rick Lacaille on this market. Dell futures up 40 five. Im looking for an dow 405. Es up Rick Lacaille in this little moment. Stay with us for our election 2020 coverage. From london, from new york, this is bloomberg. Francine good morning, everyone. This is bloomberg surveillance. Our special election coverage. We are on today four as a marketer open. We look and thank all our wonderful guests for wisdom and perspective. Lacaille, now is rick and thank you for joining us today. When you look at the dynamics on the markets, they seem to be go. Ed by steady as they they are not expecting major changes with new president elect joe biden, especially with the senate still headed by republicans. Is there anything that would make you think that the markets could be wrong . Rick there is always a chance for surprises, but you have seen an enormous drop in the vix. You have seen the left and the particular with a need for consensusbuilding within the u. S. Because it is a divided government. Would not use the word gridlock at this point, but that gives the market the sense that there will be compromises made. The fiscal package will not be as big as many would like. But the focus on the pandemic and the longerterm issues like climate and the lack of extraordinary geopolitical is probably the thing that the markets really like. There is always a chance for a surprise. Francine what does it mean for industries you like or dont like . If you look at regulation, if you look at extra taxation, what does it mean for Big Tech Companies . There is a chance that they could be broken up or under more scrutiny. Has that chance now gone away . Rick i think the chance will always be there. When you have a more multilateral approach to things like tax, competition, in the u. S. And elsewhere, there is an ever present threat to tech. But it has had to deal with that before and i think it will find ways of dealing with it effectively. Other areas of regulation, maybe it is affecting parts that are in a sense not that large in terms of the stock market now, to clear the energy sector. But again, i think the market thes to recognize this drawbacks to regulation, but there are enormous benefits as well. Tom we saw the idea of the msci all in world index going up to a record high. I did a fancy regression back 30 years, and they were a little bit elevated as well. How rich is the world equity market right now . Is there a room to move higher . It is a little rich because of where longterm yields are. You cannot really answer that question by saying if longterm yields were more normalized, would it be time to sell equities . The fact is we will have low Interest Rates for some time, and a strong fiscal policy in accordance with equities, despite relatively rich valuations. Tom but it is a key issue at state street as well, this idea that the allocation, domestic or even domestic europe, versus a more international allocation. Which is it . Rick we like the u. S. Equity market. We switched from largecap to smallcap in the last few weeks, and we had a little bit of a value bet with overweight and emerging markets to some degree, and a tiny bit in europe. It is a barbell effectively, where you have high quality and value in the same portfolio. For the long time, we have a little bit of gold to hedge as well. Francine i was just looking at spanish 10 year yield. They are within three whiskers going into negative territory. Is this week the week where they could go negative, and what does that mean for your appetite of European Assets . Ink what is happening europe, you have the next stage of lockdowns. Investors are concerned about whether the ecb will be aggressive enough, with aggressive fiscal policy in the way you might see, for example, the u. S. If that is not aggressive enough in europe, then investors will be concerned. But the chances are ecb is going to respond under christine lagarde. The singles the signals have been very clear. That will drive yields down even into the lower quality errors lower quality areas like greece and portugal. Francine where do you see the biggest tension in europe . When you look at the lockdowns, and when you look at, frankly, certain places including the u. K. , so many politicians against lockout, which they think will hurt the economy longerterm. Will we see a new wave of populism when this is over . Will bethink people more effectively articulating that they would accept a little bit more risk. I think you are seeing in a haphazard way, people not paying much attention to lockdowns in some cases. I guess that is not quite populism, but it is a sense that the balance might be tilted slightly towards accepting a little bit more risk in order to keep the economy alive. Tom Rick Lacaille, thank you so much as this election story continues, Rick Lacaille with state street global advisors. Futures up 52, waiting to get a good reading on the vix, 24. 75 right now. A timely moment to speak with paul romer at the state school of business, new york university. A nobel laureate, truly, truly exceptional, on american Technological Progress and our productivity. Look for per room look for paul romer in our 12 00 hour. This is bloomberg. Good morning. Ritika this is bloomberg surveillance. I am ritika gubpta. The chief Investment Business is boosted by a recovery and some start up operations in japan. A blockbuster ipo by a chinese real estate startup. The vision fund is recovering from a record lost last year. Record loss last year. A record ipo could be an expensive one for the sin giant. According to estimates from morningstar and other firms, new regulations could reduce evaluation by 140 billion. That is roughly half of what it was for last weeks action. Ant to raise more capital. Pink 16. 5etts billion buying back stock the first five month of 2020, more than triple the previous annual record. Buffett has been in for a socalled elephant sized deal to put huge sums of capital to work, he has not been able to find large acquisitions in recent years. That is the latest Bloomberg Business flash. Through the data right now. As a lift to the markets, we know that with the msci world index to a record high about two hours ago, futures up 51, dow futures were up 400 moments ago. Overasdaq 100, well out 12,200. The vix 27. 74. That will be a different statistic in the coming hours. Yields come in. The 10 year yield at 2. 8 0 . There is some curve flattening. Dollar was weaker earlier. A bit of a turnaround here, dollar flat with the euro 1. 1875. Im watching euroyen, which is giving me strong euro right now. Whatine the euroyet is the pros look at, so youre right looking at that. Overall, sucks jumping to an alltime high. Gains in commodities, stocks jumping to an alltime high. Gains in commodities. I dont know if there is a relief in the market, but the election process, whether it has come to an end or if it is steady as they go because of a possible split in congress. Stress tests turning green the turkish lira gaining on hopes of higher Interest Rates. That is the other story that is completely unrelated to the u. S. Stock market. The lire, the worst performer in emerging markets this year, is gaining as much as 4. 1 against the dollar. 8. 1195 on see it at turkish lira. We will talk more about the election and look at who joe elect,the president could surround himself with. We will look at the transition, the possible policies that a Biden Administration could look at. This is bloomberg. To the children of our country, our country has sent you a clear message. Tom she is the Vice President elect of the United States of america. Francine, what is so interesting about ms. Harris taking over that position, as with every Vice President , there is a huge mystery of how they will fit into any given administration. This goes back forever, back 200 years, always how does the Vice President fit in . Francine it was interesting her speech, she was saying that much like joe biden was a loyal Vice President who barack obama, she wants to do the same for the president. You are right, the dynamic is something we need to watch out for. This is also a different Vice President. I know there are many firsts for her and her family, so you wonder if she will take and shape this presidency a little bit more than other Vice President s perhaps. Joining us now is a Political Science professor at iona college, a bloomberg contributor. Thank you for joining us. It is really the monday after the hangover of the saturday night president elect speech. What are you expecting this week . What is the focus, that joe biden, president elect, will start off with . We knowocus this week, he said in a speech saturday night come is going to be covid and the economy, number one and number two, followed by Racial Injustice and then climate change. But we will be focused, or they will be focused on covid and making the Transition Teamwork toward that goal. So we understand today we get more information on the Covid Advisory Group that they have put together, and we know already who some of the cochairs of that will be. Been advising, many of them, the Vice President elect during the campaign on the pandemic and they will be put together to continue advising him over the next 70 days as they work with the Transition Team for hopefully a smooth transition into office. Some of that depends on what happens with the General Services administration they in fact will acknowledge that Vice President elect that president elect joe biden is the vice that Vice President biden is the president elect at this point come and we have not heard that attended by a trump appointee who has been reluctant, at least through this weekend, to acknowledge that joe biden is the president elect. We are waiting to hear that as well. We understand the Biden Campaign is prepared to pressure for that if that is not forthcoming in the next couple days, because it does slow down his ability to gain access to Important Information about all the executive offices and departments that he will be controlling as president. Ncine who does president once he becomes president , who does joe biden need to surround himself with . Who does he need to point in his who does he need to appoint has administration to move forward . We are hearing that his transition is being headed by ted kaufman, and nobody is more prepared to do a transition. He understands the process intimately. I think one of the real changes we are facing here as we move from a trump to a Biden Administration is joe bidens years of service in washington has given him access to and personal relationships with experts in so many areas. So we have heard already a number of different names. But i think the idea here is number one, expertise. He wants experts focusing on covid, on the economy. He wants to listen to scientists. And the other thing, we are reachinghat he may be across the isle for some of the cabinet departments as well. Tom we have to get to january 20. I saw one medical expert today not to just but try to frame out 100 thousand more deaths before we get to the inauguration. He said that very carefully. What would you suggest we will see from dr. Birx, dr. Fauci, and others of the president of the present administration . Nne joe biden has said that he hopes that dr. Fauci will stay with him as he becomes president january 20. I have not heard from dr. Fauci or his office in terms of whether that will happen. In terms of dr. Birx, i have not heard whether she will stay with or if joe biden would want her to stay with the administration. One interesting thing to watch for is what does joe biden do between now and january 20 . This is a critical time in terms of the pandemic as we enter the winter. Numbers going up, as you have reported across the world, in the United States. President resident cap elects hands are little bit tied, and there is concern about the president and what he will do as the United States faces they pandemic. We will have to watch it, but it is a good step that we are getting the Advisory Group put together and announced today what we can do in terms of ppe, to testing, to vaccine preparation. All of those things they are going to be tackling. Tom thank you so much for joining us, way too early in the morning. , a bloomberg contributor. Futures up 53. There is a Global Equity rally, no question about that. We had dollar weakness. That gave way to what i would call dollar flatness right now. Thomas gift is at ucl, their Director Center on u. S. Politics, and we are pleased he could join us right now. Thomas gift, there will be legal efforts by the Trump Administration. You go into a courtroom and you have to provide evidence. Where is the evidence . Thomas well, tom, that is a big question because as far as i can see, there is no evidence. Actual legal disputes, not just complaint by the president because he did not like the outcome or because he feels aggrieved. There is one place that i think he might have a court case. It is in pennsylvania. There the state Supreme Court ruled that ballots postmarked before election day but received after election day there is some question as to whether that was a legislative decision or a judicial decision. That is kind of the exception. Even if he were to make some progress there, i dont think it would change the fundamental dynamics. Tom i did the math this morning, and the four states that are 1 or under if mr. Trump took pennsylvania, wisconsin, if he took georgia and arizona, professor gift, that would get him out to 271. Who is going to explain to him, as barbara be conical explained to nixon, it was done . Who is planes to this president , its done . Who explains to this president , its done . Thomas i think that is one of the important aspects of the president generally is that he has surrounded himself with yesmen, and he need someone to tell the truth. It is done, its overcome its time to move on, its time to go to maralago, its time to play golf. Donald trump has been telegraphing that he would dispute the Election Results for quite some time, so i dont think this is a surprise to anyone, but it is unfortunate because you would like to see this transition occur, see the new president come in, start to put in place a team and be able to negotiate with congress. All that is made more difficult and donald trump is not accepting the results. Francine overall, how does the Republican Party with this . Do they still stick with President Trump at the end of this week . Thomas i think that is a great question. One of the issues that is going to be debated within the Republican Party is, what is the result what is the role of trumpism Going Forward . One thing that we can take away from this election is that a lot of americans support donald trump, even despite all the provocation, even despite the scandals and the rhetoric, he still holds a sizable popularity within the gop. I dont think that automatically goes away in the blink of an election. So i think the Republican Party will evolve, i think it will maintain elements of trumpism within it. My thinker has been a more resounding, decisive landslide i think i think if there had been a more resounding, decisive landslide, there would have been more of a trump who . But he resides but he resounds with americans and i think he will do so, and the party will have to grappled with that Going Forward. Francine who do you think joe biden will put in his administration, or at least what kind of people . Thomas i think what we can expect is an administration that looks something akin to obama 2. 0. He has promised to govern from the center, he has promised to be a moderate. I think he will to appease some progresses within his party, he will have to put some retain thoset to views. He wants to govern as a moderate and i think he should do so, but i would expect a lot of the personnel that we saw in the Obama Administration to reappear. Some new faces as well, but those who are interested in forging compromise and bringing the country together. Much thank you thank you so much for joining us. Thats get to first word news in new york city with ritika gupta. Ritika President Trump ran lands more legal moves. It is growing in his inner circle that efforts to overturn joe bidens victor will be futile. But there were a legal challenges. The president has falsely claimed victory and alleged there was widespread voter fraud. He has not offered evidence. President elect joe biden plans to name a 12 member global virus tax force today task force today. Accounts for 1 5 of the global total. More than 100 thousands 100,000 new infections were reported here. In turkey, speculation that higher Interest Rates could be coming after the countrys economic chief quit. The decline speeded up after the Central Bank Held back from raising rates last month. For more than three decades, millions of americans sat down after dinner and had their tested by alex trebek. He hosted the popular quiz show jeopardy, and he died a little bit more after announcing he had advanced pancreatic cancer. Alex trebek was 80. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, im ritika gupta. This is bloomberg. Than qualified to talk about this, folks. You are looking at the worst player of jeopardy in the history of the United States. I can honestly tell you i have set on a couch at never, ever won. He defined the intellect of so much of america with a really, really smart show. Alex trebek at 80 years old. Coming up, gregory daco with expert economics, chief u. S. Economist. Oh, yeah, how about the state of the American Economy for the president elect . This is bloomberg. Good morning. Tom good morning, everyone. Bloomberg surveillance. Election 2020 i cant believe im saying that on monday. Tom keene in new york, Francine Lacqua in london. 4. 20 five. Up make it a 5 move. 4. 25, make it a 5 move. Wrigley dayco joins us gregory daco joins us. Gregory daco, as simply as i can, where is this economy right now . Is it truly under a 1 gdp economy . Potentially, yes. Unfortunately, after a very strong rebound post the initial phase of the covid crisis, we are seeing slowing momentum going into the end of the year. That is really concerning because now that we are past the elections, there is going to be renewed focus on economic fundamentals and health fundamentals, and both are quite disappointing. More so as we approach the new year. Tom so we need something here like stimulus. We are going to think i think a lot of people agree. Ken rogoff was on in the heat of election 2020 saying stimulus now, great. We have stimulus into the inauguration, or does it have to until february . Gregory i think you have to stimulate the economy now, because if the economy is running low on fiscal aid and economic momentum in the form of unemployment and income is slowing, it means that people will spend less as we approach the end of the year. We know this is a crucial period for the u. S. Economy because we are seeing the slower momentum, we expect growth in terms of the gdp 1 in simple terms, and we are still quite deep in the hole both in terms of economic output and in terms of employment. We do need a fiscal stimulus to divide incomes to households, to support businesses, and to support state and local government. I have seen quite a large hit to the budgets. Francine gregory, there is much talk about a friendship between Mitch Mcconnell and joe biden that goes way back. Mitch mcconnell so far i believe has not congratulated the president elect yet. How do those two worked together, and what does that mean for stimulus . What are the chances we do get something significant come january . Hope that a multilateral approach under biden really helps stimulate the economy. And are known politicians, politicians tend to interact. I think that would be a big step forward in terms of the future of policy and the political environment in the u. S. , if we had more collaboration across party. Not a guarantee by any means, but joe biden, given the likely composition of the senate, which will likely remain in the hands of republicans, will have to reach across the isle if he wants any chance of passing some parts of the fiscal agenda. As it stands, he will be unlikely to pass a large share of his fiscal agenda. Executive powers are generally fairly limited. Francine where will we see the biggest scarring in the u. S. Economy we do not get this muchneeded stimulus . Gregory i think the key for the u. S. Economy is the labor market. We are currently in a deep hole. We help we still have 10 million jobs fewer than we had back in february, despite solid progress over the past few months, and that will affect income. Right now we are in an environment where income is higher than precovid levels. Largely thanks to a very large fiscal stimulus program. , withth that aid expiring benefits slowing, checks not being renewed, with less aid to Small Business and less aid we are facing a situation in which essentially the economy is running without any fiscal stimulus, and the economic momentum is slowing the last three weeks. We really need additional fiscal stimulus to prevent the economy from relapsing, especially with the covid situation worsening. Tom this is critical. Do we end up like belgium and the United Kingdom in the 1930s with the wage lower . Is it could is it feasible that we could see wages move lower, negative . Gregory we have this weird effect, an artificial effect from the recession, in which a lot of lower income people lost their wages in the average weekly earnings, Hourly Earnings rose because of that compositional effect. But if you look at the compositionally adjusted measures, like the cost index, those have actually cooled. I dont necessarily expect we would see an outright decline in wages anytime soon, but you are likely to see, for some people, and generally the most sensitive trenches of the population, a decline in wages and income, which can affect the way people spend. Francine gregory, thank you so much. Daco, chief u. S. Economist at oxford economics. Coming up, mark carney. Also the former bank of england governor. We will ask him about what a joe Biden Administration means for his work on climate change. That is at 6 30 a. M. In new york, 11 30 a. M. In london, and this is bloomberg. Ritika this is bloomberg surveillance. The latest round in the videogame fight between sony and microsoft kicks off this week. Newosoft is launching its xbox while sony comes out with the latest playstation. Microsoft is making a serious attempt to attract fans in japan. Sony has built the u. S. Into its largest single market. Apple has suspended new business to the iphone maker says the Taiwanese Company misclassified student workers and allowed some to work nights and overtime in violations of apple standards. Apple set by Global Supply chain has been the target of labor activists over the years. Biogen analysts are bracing for a sharp selloff in stock. Data from a single Clinical Trial the companys therapy was not enough to show that it works. One analyst wrote that the findings were a disaster for biogen. That is the latest Bloomberg Business flash. Francine thank you so much. This is a good time to look at the markets. The focus on the markets of course is on joe biden, the president elect, some of his priorities, also coupled with a senate that remains republican. The focus is on biden optimism. Possible oiding a a possible split in congress. Markets it could sibley be a relief that the election process has come to an end. We have been talking about it all day. We had a terrific briefing on the turkish lira, currently gaining hopes of higher Interest Rates, and we are seeing how the story develops. The european stocks gaining 1. 4 . Gdp oxy for a World Futures up 54, dow futures up 426. The vix has not priced in emma 24. 71 24. 471 right now. We will see, the yield curve space flattening, the 10 year yield,. 81 . Coming up, i am really looking forward to this. Over the great mystery of the progressive, the liberal, and the moderate democrat. Howard dean will join us. Wasng note that connor victorious. He is the iconic moderate democrat. The president elect. Howard dean will join us. Election 2020, this is bloomberg. When you switch to xfinity mobile, youre choosing to get connected to the most Reliable Network nationwide, now with 5g included. Discover how to save up to 400 a year with shared data starting at 15 a month, or get the lowest price for one line of unlimited. Come into your local xfinity store to make the most of your mobile experience. You can shop the latest phones, bring your own device, or trade in for extra savings. Thats simple, easy, awesome. Visit your local xfinity store today to ask, shop, discover the latest on xfinity mobile. The 46th morning, president to be of the United States says he will seek to unify the nation. The gentleman from texas, the 43rd president , says the election was fundamentally fair. The outcome was clear. The gentleman from illinois, the 44th president , says it was a decisive victory. And the sitting 45th president has Public Events for four consecutive days. The dollar weaker, the msci world index a record high. And will President Biden listen to dr. Fauci . What expert suggests 100,000 more deaths by inauguration. It is a conservative estimate. Good morning, everyone. Bloomberg surveillance. I have got to go to the pandemic on that last quote, with the gentleman from brown university. This pandemic will change the dialogue forward to the 20th of january