mr. kudlow: i'm not going to make forecasts on that. reporter: do you have any -- [indiscernible] mr. kudlow: not today. anything else? >> thanks, larry. > happy holidays, larry. captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org next, former president barack obama campaigning for two democratic senate candidates in georgia head of the runoff next month. then, vice president mike pence visits the cdc headquarters. then, larry kudlow comments on the latest job numbers. then, president-elect biden also reviewing those numbers released today. >> listen to c-span's podcasts "the weekly." our guest is don ritchie. he joins us to discuss the constitutional steps that still need to be finalized before president elect joe biden is sworn in. where you findy" your podcasts. former president obama joins a virtual event in georgia supporting democratic senate candidates. both are

mr. kudlow: i'm not going to make forecasts on that. reporter: do you have any -- [indiscernible] mr. kudlow: not today. anything else? >> thanks, larry. > happy holidays, larry. captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org president-elect said today's economy is grim due to 245,000 jobs added. slowest. and u.s. is 10 million jobs of the pre-covid economy. he says it doesn't have to stay that way if congress acts soon.

mr. kudlow: i'm not going to make forecasts on that. reporter: do you have any -- [indiscernible] mr. kudlow: not today. anything else? >> thanks, larry. >> happy holidays, larry.

mr. kudlow: mr. kudlow: talk for just a moment -- jonathan: 160 billion of dollars of state aid. mr. kudlow: mr. kudlow: larry, let's finish on a good note --jonathan: larry, let's finish on a good note. just answer the question. we've got two plans, and 908 billion dollar proposal and a 500 and billion dollar proposal. in the bipartisan proposal is $160 billion state aid. is that what it is going to come down to? we either make a deal in the middle or we can't. it doesn't sound like we can. can you convince the audience otherwise? [laughter] mr. kudlow: i can only give you the facts. as i have laid them out. and as i've said, the presidents view, the majority leader's view, my view, steve mnuchin's view over at treasury as we have targeted areas of assistance that we think would strengthen the economy, and those include most particularly ppp for small businesses which are in need, dealing with covid spikes that we expect even more in the christmas holiday season, and some unemployment assistance, wh

mr. kudlow: i'm not going to make forecasts on that. reporter: do you have any -- [indiscernible] mr. kudlow: not today. anything else? >> thanks, larry. > happy holidays, larry. captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org calledident-elect biden the unemployment number graham, andslowest since spring short of the pre-covid economy. good afternoon afternoon, folks. thanks for being here. earlier today, the november jobs report was released. earlier today, the november jobs report was grim. it shows an economy that is stalling and remained in the worstof one of the economic and job crises in modern history. e to stay that way. if we act now, now i mean now. we can begin to regain momentum. start to build back a better future. there is no time to lose. millions of people have lost their jobs or had hours slashed. they have lost health insurance, or are in danger of losing their health insurance. one in six renters is behind in rent. one in four smal

kudlow of the white house. liftis bloomberg futures, up 11. ♪ ritika: this is "bloomberg surveillance." i'm ritika gupta with your bloomberg business flash. it turns out pfizer scaled-back targets earlier this year. problemsaker ran into getting all the materials it needed to produce the vaccine on a large-scale. now it estimates it will make half the amount. it is a dramatic change that shows how much the coronavirus is streaming, disrupting hollywood. warner bros. plans to release all of its theaters -- all of his movies next year in theaters and on hbo max at the same time. mc plunged 16%. wall street is on the verge of a relaxing anti-money laundering requirements. congress has tucked the measures away in the upcoming defense spending bill. it could ease banks from compliance burdens. legislation would bar anonymous shell companies to launder money. that is the latest in bird business flash. francine? francine: thank you so much. this is what the markets are doing. a lot of the focus will be on u.s. jobs

national economic council larry kudlow trying to put a positive spin on it. mr. kudlow: it may have come in a we bit under expectations, but 6.7% unlimited rate is big news. the cbo and others didn't expect single digits until early 20 putty one -- early 2021, so we got single digits last couple of months. guy: going us to discuss this is constance hunter of kpmg and bonnie but wage a -- and bhanu baweja of ubs. i look through the numbers, and all i see our emerging evidence that we will get some scarring for the u.s. economy. a lot of the jobs that are returning right now are basically people coming back. they were already attached to their employers, but what we are seeing is the participation rate moving in the wrong direction. these are the tricky things that is going to be a job for all of us to figure out over the next few years. constance: i would agree. we see some cracks in the covid impacted part of the economy. so the leisure and hospitality job growth slowed substantially. we went from a six month average of adding 577,000 jobs a month now down to 31,

tom: if you get mr. kudlow to say the right things, yes. the burden is on your shoulders. i believe i speak for queen abramowitz that the burden is on your shoulders. you must get larry kudlow to sate yields at 1%. jonathan: i think to get him to say something that would lead yields to 1% would mean there is agreement on capitol hill, and imminent agreement with the state eight for the above and a deal looks -- that looks close to $1 trillion, which is a bipartisan proposal, and something away from the $500 billion on offer from mitch mcconnell. lisa: this confirms the charade of the whole thing. it is not a surprise the market is weakening as we have an increase in the pandemic, record numbers of hospitalizations. it is going to get worse. people are going to stay home. restaurants are closing. the fact that this pushes over the edge some talks about stimulus efforts is notable as far as the p.r. aspect and the idea of trying to garner popular support, especially at the time of the georgia election. jonathan: talks that have been going on since before july on this particu

play tape. >> mr. mnuchin as you know has pulled back. we're going to abide bit cares act december 31st, some 550 billion or so will be returned to the treasury as per the congress. that will be extin -- extinguished here is the key point, we would like to repurpose the money, repurpose it to key areas, such as ppp, small business, unemployment assistance and maybe send direct checks from the treasury department to those who are having a rough time. let's repurpose the money. it is right there. it's a big chunk of it. it is nearly 600 billion. david: i think this is more than pie-in-the-sky from the white house. there is that money that went to the fed. it was supposed to be there just in case it had to be used for emergency loans. most of it wasn't used. about half a trillion dollars could be repurposed. this may be a way for congress to bow out of any kind of, any kind of friction between democrats and republicans? >> david, this is the only way to go. larry kudlow has it exactly right. that money should be repurposed. thank goodness it