A year in exile for president evo morales is on his way to bolivia after his former cabinet member won the election. Or the transitions here joe biden presidency in the United States is gathering pace with some decisions expected in the hours ahead the president elect as you to announce a task force to tackle what he says is his top priority the coronavirus pandemic on sunday biden visited a Church Cemetery where family members are buried including his late son donald trump spent the day playing golf side washington and is refusing to concede defeat his campaign is planning legal challenges in states where hes disputing the counting of votes World Leaders including israels Binyamin Netanyahu and saudi arabias mohamed insall man have congratulated biden on his victory or former u. S. President. Republican george w. Bush also sent his well wishes heres more of whats george w. Bush to say its in and will sit on instagram he thinks buys in for the patriotic message that he delivered on sat
Priority. Pandemic under control is his top priority. Good morning, everyone. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. A lot of the focus is on the number of infected with covid19. At bond growth, a lot going on, treasuries, for example, rising. Overheated equity markets, the deteriorating coronavirus situation in many countries. Oil demandtting its outlook, saying they will not rescue the market, and then i got a look, not very often, but coming out with figures that were not great but were better than expected, leading to burberry gaining one point half percent. 1. 5 . Now lets get to the bloomberg first word news in london with laura wright. Hey, laura. Laura good morning, francine. The recovery is being derailed by a rise in virus cases and a. Ew lockdown president elect joe biden is naming longtime aide dr. Vinjamuri ron claim as his chief of staff. His leading role during the Health Crisis of the Obama Administration leaving the white house in the 2
A potentially breakthrough u. S. Vaccine was deliberately held back until after the election. Are your headlines, my colleagues, youll be hearing about an hours time with a look at your news until then stay with us. This is our international i am max kaiser. This is the kaiser re port lots to get to stacey. Yes. Well, you know, weve been talking about the cantillon, our class over the past few years since the money printer started going postal. The central bank started printing credit for the bailout, the Global Financial system. And now soc gen society in general has actually quantify how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds. So how much of the stock markets rise over the last 11 years . Is due to q, e, here is an estimate. The s. And p. 500. 00 will be trading closer to 1800. 00 without fed bond buying says society in general. Right now, is that 3500. 00 it should be at 800. 00 if it weren
Question looms large who pays for the t. V. And toilet paper the answer according to the dutch is your bosses and how much about 2 year 0 s. Or 2. 40 per working day on average this is interesting the lockdown has shifted the way people relationship with their bosses of their companies and how to account for costs and a down to the granularity of toilet paper and the only industry i know where toilet paper costs are incorporated in the p. And l. On a monthly or weekly basis is in the prison business in prison people d are very parsimonious with their toilet paper and its all accounted for due to the nature of that industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are racked are basically part of organized labor they have collected. Bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the offi
Industry so this is what coronaviruses done is created this Prison Planet type of situation certainly and the workers in the netherlands 80 percent of them are racked are basically part of organized labor they have collective bargaining so this is what theyre fighting over is 2. 02 euros a day for toilet paper that they now have to buy a home that they used to use at the office and this is apparently considered a right across the rest of europe we see spain has obliged employers to pay for home office meat and some equipment germany is debating a bill in trying to Remote Workers rights francis passed a law shielding them from after hours email of course while britain has hinted that it may relax the rules on Tax Deductions for work related equipment purchased during the pandemic of course we just passed a tax bill a huge one last year here in america and that got rid of that Tax Deduction if for things you have to buy from home for work that is not reimbursed from your office like in a