1 00:00:00,800 --> 00:00:04,400 Speaker 1: News when you wanted with Bloomberg News. Now I'm in 2 00:00:04,519 --> 00:00:10,440 Speaker 1: Kleggi developments out of South Korea. South Korean President Yun apologizes, 3 00:00:10,520 --> 00:00:13,880 Speaker 1: saying he will not impose martial law and saying the 4 00:00:14,000 --> 00:00:17,640 Speaker 1: ruling party will decide his term of office. The opposition 5 00:00:17,840 --> 00:00:22,279 Speaker 1: calls Yun's brief speech disappointing. Lawmakers are scheduled to vote 6 00:00:22,320 --> 00:00:26,000 Speaker 1: on Eun's impeachment at five pm local time. In a 7 00:00:26,040 --> 00:00:29,080 Speaker 1: preview of President to Like Donald Trump's Sunday appearance on 8 00:00:29,200 --> 00:00:32,600 Speaker 1: NBC's Meet the Press, Trump was asked by moderator Kristen 9 00:00:32,680 --> 00:00:36,520 Speaker 1: Welker if he believed his choice for Defense Secretary, Pete 10 00:00:36,520 --> 00:00:38,559 Speaker 1: Henkseth has a drinking problem. 11 00:00:38,800 --> 00:00:44,199 Speaker 2: You don't drink yourself. You've talked about how devastating drinking 12 00:00:44,640 --> 00:00:48,199 Speaker 2: can be. How concerned are you that the person who 13 00:00:48,240 --> 00:00:51,080 Speaker 2: you picked for this top job at the Defense Department, 14 00:00:52,320 --> 00:00:55,240 Speaker 2: at least according to those who've worked with him, has 15 00:00:55,400 --> 00:00:56,680 Speaker 2: struggled with drinking. 16 00:00:56,800 --> 00:00:59,560 Speaker 3: But I've spoken to people that know him very well, 17 00:00:59,560 --> 00:01:01,959 Speaker 3: and they say he does not have a drinking problem. 18 00:01:02,040 --> 00:01:04,760 Speaker 1: Trump was then asked about hag Seth's chances. 19 00:01:04,920 --> 00:01:08,080 Speaker 2: Have you gotten assurances from senators that he's going to 20 00:01:08,160 --> 00:01:09,640 Speaker 2: be confirmed. Do you think he can make it? 21 00:01:09,800 --> 00:01:11,680 Speaker 3: No, I think you will. Yeah. 22 00:01:11,959 --> 00:01:14,880 Speaker 4: I've had a lot of senators call me up saying he's. 23 00:01:14,760 --> 00:01:18,679 Speaker 1: Fantastic president of like Trump. On this Sunday's Meet the Press, 24 00:01:19,120 --> 00:01:21,720 Speaker 1: the New York City Police Department found a great backpack 25 00:01:21,880 --> 00:01:24,440 Speaker 1: matching the description of one carried by the killer of 26 00:01:24,520 --> 00:01:28,640 Speaker 1: insurance executive Brian Thompson, just according to people familiar with 27 00:01:28,680 --> 00:01:31,440 Speaker 1: the matter, The backpack was found in Central Park. The 28 00:01:31,480 --> 00:01:34,360 Speaker 1: people said this, declining to be identified as the information 29 00:01:34,520 --> 00:01:38,160 Speaker 1: wasn't public yet. The NYPD is waiting on DNA test 30 00:01:38,240 --> 00:01:40,360 Speaker 1: results that could help in the hunt for the killer 31 00:01:40,400 --> 00:01:43,679 Speaker 1: of Thompson, who was fatally shot outside the New York 32 00:01:43,760 --> 00:01:48,560 Speaker 1: Hilton Midtown Hotel early Wednesday morning. NYPD Chief of Detectives 33 00:01:48,640 --> 00:01:51,760 Speaker 1: Joseph Kenny tells CNN they have reason to believe the 34 00:01:51,800 --> 00:01:54,480 Speaker 1: person of interest may have left New York because we. 35 00:01:54,440 --> 00:01:58,000 Speaker 5: Have our perpetrator leaves the Hilton Hotel after the incident 36 00:01:58,040 --> 00:02:00,520 Speaker 5: takes place. We have them getting on a bicycle and 37 00:02:00,600 --> 00:02:03,480 Speaker 5: riding into Central Park. We then later picked him up 38 00:02:03,480 --> 00:02:06,520 Speaker 5: on seventy seventh Street, exiting the park on Central Park West, 39 00:02:06,840 --> 00:02:09,560 Speaker 5: still with the bicycle. Eventually We have him on eighty 40 00:02:09,600 --> 00:02:11,720 Speaker 5: sixth Street, and then from there we have him in 41 00:02:11,760 --> 00:02:14,280 Speaker 5: a taxicab, and a taxicab takes him up to one 42 00:02:14,320 --> 00:02:17,280 Speaker 5: hundred and seventy eighth Street and Broadway Bus Center. Those 43 00:02:17,320 --> 00:02:20,000 Speaker 5: buses are interstate buses. That's why we believe he may 44 00:02:20,040 --> 00:02:20,920 Speaker 5: have left New York City. 45 00:02:21,000 --> 00:02:23,840 Speaker 1: Joseph Kenny speaking with CNN. Thompson was shot in the 46 00:02:23,880 --> 00:02:26,520 Speaker 1: back in the leg around six forty five am Wednesday, 47 00:02:26,560 --> 00:02:29,600 Speaker 1: outside the hotel where United Health Group was hosting its 48 00:02:29,680 --> 00:02:33,040 Speaker 1: investor Day. A federal appeals court has upheld the Act 49 00:02:33,080 --> 00:02:36,239 Speaker 1: of Congress that requires TikTok to be sold to Americans 50 00:02:36,320 --> 00:02:39,040 Speaker 1: or go out of business in this country. As President 51 00:02:39,080 --> 00:02:42,360 Speaker 1: Donald Trump endorsed the band, but now maybe having second thoughts, 52 00:02:42,560 --> 00:02:45,680 Speaker 1: Bloomberg spoke with Republican Congressman Tim Burchett. 53 00:02:45,880 --> 00:02:48,720 Speaker 3: I know I'm on opposite side where President Trump is. 54 00:02:48,840 --> 00:02:51,320 Speaker 3: I would hope that we could get China out of 55 00:02:51,360 --> 00:02:54,160 Speaker 3: that business. I think it's just another avenue for the 56 00:02:54,320 --> 00:02:58,400 Speaker 3: communist Chinese to indoctrinate our children through algorithms and stuff 57 00:02:58,400 --> 00:02:59,679 Speaker 3: that I really don't understand. 58 00:03:00,000 --> 00:03:04,119 Speaker 1: That's Congressman Tim Burchett. German Chancellor Olof Schultz expect he'll 59 00:03:04,160 --> 00:03:07,280 Speaker 1: find alignment with President elect Trump on how to end 60 00:03:07,360 --> 00:03:11,160 Speaker 1: Russia's war against Ukraine. Playing down concerns a shift in 61 00:03:11,280 --> 00:03:15,880 Speaker 1: US leadership risks splitting Keep's biggest backers, Schultz said in 62 00:03:15,919 --> 00:03:19,520 Speaker 1: an interview published by German media group Funk on Saturday, 63 00:03:19,760 --> 00:03:22,400 Speaker 1: I am confident that we can develop a joint strategy 64 00:03:22,440 --> 00:03:25,520 Speaker 1: for Ukraine. I've already spoken to the future US president 65 00:03:25,560 --> 00:03:27,600 Speaker 1: at length on the phone, and we are also in 66 00:03:27,840 --> 00:03:31,560 Speaker 1: direct contact with his advisors on security policy. Trump and 67 00:03:31,600 --> 00:03:33,960 Speaker 1: his team have been critical of the open ended support 68 00:03:34,000 --> 00:03:37,800 Speaker 1: offered to Ukraine to repel President Vladimir Putin's forces without 69 00:03:37,840 --> 00:03:40,880 Speaker 1: setting a goal beyond total victory, But with Russian troops 70 00:03:40,920 --> 00:03:44,360 Speaker 1: making advances as well as morale and material running low, 71 00:03:44,560 --> 00:03:47,840 Speaker 1: even officials in Washington and Ukrainian leader of Vladimir Zelensky 72 00:03:47,920 --> 00:03:51,440 Speaker 1: have signaled a negotiated halt to the fighting is likely. 73 00:03:52,160 --> 00:03:54,520 Speaker 1: More than half a decade in the making, Apple is 74 00:03:54,600 --> 00:03:58,040 Speaker 1: preparing to finally bring one of its most ambitious projects 75 00:03:58,080 --> 00:04:01,480 Speaker 1: to market. We get more from Bloomberg's Rick are Herskowitz. 76 00:04:01,080 --> 00:04:04,240 Speaker 4: Better late than never. Apple will finally be rolling out 77 00:04:04,240 --> 00:04:07,400 Speaker 4: a series of cellular modem chips that will replace components 78 00:04:07,440 --> 00:04:11,360 Speaker 4: from longtime partner and adversary Qualcomm. The move sets the 79 00:04:11,400 --> 00:04:14,000 Speaker 4: stage for a range of new devices, starting with slimmer 80 00:04:14,040 --> 00:04:18,560 Speaker 4: iPhones and potentially leading to cellular connected max and headsets. 81 00:04:18,880 --> 00:04:21,080 Speaker 4: The new products will be made possible by an in 82 00:04:21,160 --> 00:04:24,839 Speaker 4: house modem chip slated to debut next spring. That component, 83 00:04:24,880 --> 00:04:28,440 Speaker 4: which will connect devices to sell towers, will gradually replace 84 00:04:28,480 --> 00:04:31,840 Speaker 4: parts from supplier Qualcom during a three year rollout. Erka 85 00:04:31,880 --> 00:04:33,440 Speaker 4: Herskowitz Bloomberg Radio. 86 00:04:33,600 --> 00:04:36,039 Speaker 1: South Korea's brush with martial law as a reminder that 87 00:04:36,080 --> 00:04:39,160 Speaker 1: democracy is not self sustaining, the end of passive democracy. 88 00:04:39,200 --> 00:04:41,360 Speaker 1: You can read all about it in Bloomberg's weekend edition 89 00:04:41,520 --> 00:04:44,200 Speaker 1: exploring the places where finance, life and culture meet on 90 00:04:44,240 --> 00:04:46,840 Speaker 1: Bloomberg dot Com and the Bloomberg Business app. The Dow 91 00:04:46,880 --> 00:04:49,760 Speaker 1: lost one twenty three, NaSTA gain one fifty nine, The 92 00:04:49,800 --> 00:04:52,440 Speaker 1: S and P was up fifteen. That's news when you 93 00:04:52,480 --> 00:04:55,520 Speaker 1: want it with Bloomberg News. Now, I made Kalki and 94 00:04:55,680 --> 00:04:56,640 Speaker 1: this Bloomberg