Bloomberg News International Economics and Policy Correspondent Michael Michael McKee and Bloomberg Economics Chief U.S. Economist Anna Wong discuss President Biden selecting Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevating Governor Lael Brainard to vice chair. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, talks about surging Covid cases in Europe. Bloomberg Digital News Executive Editor Joe Weisenthal shares his Businessweek story For Powell, This Is a Volcker Moment in Reverse. Bloomberg New Economy Editorial Director Andy Browne explains how the U.S. and China can avoid going over a diplomatic cliff. Bloomberg Intelligence Senior Analyst Ken Shea has the details of Monster Beverage exploring a deal with Constellation. And We Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management.

Hosts: Carol Massar and Ed Ludlow. Producer: Paul Brennan.