1 00:00:01,080 --> 00:00:04,360 Speaker 1: News when you want it with Bloomberg News Now I 2 00:00:04,440 --> 00:00:09,039 Speaker 1: made Kalgi. President Trump wants airlines to steer clear of Venezuela. 3 00:00:09,039 --> 00:00:11,360 Speaker 1: Bloomberg's Monica Ricks reports. 4 00:00:11,000 --> 00:00:14,880 Speaker 2: President Trump says airlines should consider airspace above and surrounding 5 00:00:14,960 --> 00:00:18,040 Speaker 2: Venezuela to be closed. He made the statement on True 6 00:00:18,120 --> 00:00:23,040 Speaker 2: Social addressing airlines, pilots, drug dealers, and human traffickers. It's 7 00:00:23,040 --> 00:00:26,119 Speaker 2: a stark warning as American forces build their presence in 8 00:00:26,160 --> 00:00:29,800 Speaker 2: the region and Trump weighs potential action. Just last week, 9 00:00:29,880 --> 00:00:33,000 Speaker 2: The New York Times reports Trump and President Nicolas Maduro 10 00:00:33,080 --> 00:00:36,000 Speaker 2: spoke by phone to discuss a possible meeting, but never 11 00:00:36,040 --> 00:00:39,320 Speaker 2: made plans. The US has been intensifying pressure on the 12 00:00:39,360 --> 00:00:42,160 Speaker 2: country for months, though, as part of an anti drug 13 00:00:42,200 --> 00:00:46,400 Speaker 2: trafficking operation the Trump administration says is being led by Maludo. 14 00:00:46,880 --> 00:00:48,240 Speaker 2: Monica Ricks Bloomberg. 15 00:00:48,360 --> 00:00:51,320 Speaker 1: Radio sales on Black Friday rose from a year earlier, 16 00:00:51,360 --> 00:00:54,640 Speaker 1: according to a key data provider, assigned that US consumers 17 00:00:54,640 --> 00:00:58,800 Speaker 1: are continuing to spend despite persistent economic concerns. Retail sales 18 00:00:58,840 --> 00:01:01,440 Speaker 1: excluding autos and east four point one percent on the 19 00:01:01,520 --> 00:01:05,559 Speaker 1: day after Thanksgiving, according to data from MasterCards Spending Pulse 20 00:01:05,600 --> 00:01:09,399 Speaker 1: that surpasses last year's three point four percent growth. The figures, 21 00:01:09,400 --> 00:01:12,160 Speaker 1: which are not adjusted for inflation, draw from both online 22 00:01:12,160 --> 00:01:14,920 Speaker 1: and in person purchases to give a broad view of 23 00:01:15,000 --> 00:01:19,000 Speaker 1: economic activity. The data shows you as shoppers resilience amid 24 00:01:19,080 --> 00:01:22,440 Speaker 1: higher costs and job market concerns. To appeal to price 25 00:01:22,520 --> 00:01:26,000 Speaker 1: sensitive consumers, retailers are offering discounts on a wide range 26 00:01:26,040 --> 00:01:29,200 Speaker 1: of goods, although the promotions may not be quite as 27 00:01:29,280 --> 00:01:33,479 Speaker 1: deep as in past years. Expectations that the Federal Reserve 28 00:01:33,520 --> 00:01:37,880 Speaker 1: will cut interest rates faster than initially anticipated has fueled 29 00:01:37,880 --> 00:01:40,880 Speaker 1: a late month rebound on Wall Street. Julia Carnado was 30 00:01:40,959 --> 00:01:44,120 Speaker 1: founder and president of Macro Policy Perspectives. It says, the 31 00:01:44,160 --> 00:01:48,160 Speaker 1: possibilities are twofold with the market price for several rate 32 00:01:48,200 --> 00:01:49,080 Speaker 1: cuts next year. 33 00:01:49,240 --> 00:01:51,400 Speaker 3: I think either we're going to get one and done 34 00:01:51,440 --> 00:01:54,160 Speaker 3: because things are stabilizing and growth is going to be 35 00:01:54,200 --> 00:01:57,800 Speaker 3: okay and the AI story has enough legs to power 36 00:01:58,000 --> 00:02:02,680 Speaker 3: the economy really starting. You know, we're in the early 37 00:02:03,160 --> 00:02:06,960 Speaker 3: game turning of the labor market, and the Fed's going 38 00:02:07,000 --> 00:02:09,240 Speaker 3: to have to cut not just to neutral, but through 39 00:02:09,280 --> 00:02:10,560 Speaker 3: to neutral to an accommodate. 40 00:02:10,600 --> 00:02:11,000 Speaker 4: Interesting. 41 00:02:11,480 --> 00:02:15,680 Speaker 1: Julia Cornado with Macro Policy perspectives. Friday on Bloomberg Surveillance, 42 00:02:16,120 --> 00:02:20,600 Speaker 1: Northwestern University joined institutions including Columbia and Brown and reaching 43 00:02:20,600 --> 00:02:23,160 Speaker 1: a deal with the Trump administration to close all pending 44 00:02:23,200 --> 00:02:26,840 Speaker 1: federal investigations and restore hundreds of millions of dollars in 45 00:02:26,919 --> 00:02:30,200 Speaker 1: research funding. The administration will also lift all stop work 46 00:02:30,280 --> 00:02:33,840 Speaker 1: orders on terminated federal money and make Northwestern eligible for 47 00:02:33,880 --> 00:02:37,240 Speaker 1: future grants and contracts. This, according to a statement on Friday. 48 00:02:37,240 --> 00:02:39,680 Speaker 1: As part of the deal, the Suburban and Chicago school 49 00:02:39,760 --> 00:02:43,280 Speaker 1: will pay the government seventy five million dollars over three years. 50 00:02:44,080 --> 00:02:46,960 Speaker 1: Democrats are looking to give their mid term election chances 51 00:02:47,000 --> 00:02:49,240 Speaker 1: are shot in the arm by getting more doctors and 52 00:02:49,320 --> 00:02:52,959 Speaker 1: nurses to run for office. Bloomberg's Nathan Hager has more 53 00:02:53,000 --> 00:02:53,799 Speaker 1: from Washington. 54 00:02:53,840 --> 00:02:57,079 Speaker 5: The group three fourteen action is recruiting more Democrats to 55 00:02:57,160 --> 00:02:59,760 Speaker 5: run from the medical field. It says more than fifty 56 00:02:59,760 --> 00:03:02,640 Speaker 5: men medical pros are running this cycle. At least a 57 00:03:02,680 --> 00:03:06,200 Speaker 5: half dozen of them are Democrats in competitive districts, The 58 00:03:06,240 --> 00:03:09,560 Speaker 5: group's executive director tells Bloomberg Government. The candidates are all 59 00:03:09,600 --> 00:03:13,160 Speaker 5: highlighting their opposition to Health Secretary Robert F. Kennedy Junior's 60 00:03:13,200 --> 00:03:16,520 Speaker 5: Make America Healthy again agenda with its cuts to Medicaid 61 00:03:16,639 --> 00:03:20,760 Speaker 5: and changes to vaccine testing policy in Washington, I'm Nathan 62 00:03:20,800 --> 00:03:22,040 Speaker 5: Hager Bloomberg Radio. 63 00:03:22,200 --> 00:03:25,200 Speaker 1: Travel also seems to be a major driver of discounts 64 00:03:25,240 --> 00:03:28,200 Speaker 1: this week. The points guy Clint Henderson talked to Bloomberg 65 00:03:28,200 --> 00:03:28,600 Speaker 1: about it. 66 00:03:28,639 --> 00:03:31,600 Speaker 4: Pretty Much every single airline has a Black Friday sale 67 00:03:31,639 --> 00:03:34,520 Speaker 4: on right now or is planning one for travel Tuesday 68 00:03:34,560 --> 00:03:37,360 Speaker 4: Cyber Monday next week. It's a great time to shop 69 00:03:37,360 --> 00:03:40,120 Speaker 4: for travel, especially if you have some spring break trips 70 00:03:40,160 --> 00:03:44,160 Speaker 4: that can be really expensive. Singapore Airlines, aer LINGUS American 71 00:03:44,160 --> 00:03:47,200 Speaker 4: Airlines launched a huge sale today and then all the hotels. 72 00:03:47,640 --> 00:03:50,880 Speaker 1: He says. Some popular destinations include New York, Las Vegas, 73 00:03:50,960 --> 00:03:54,400 Speaker 1: and Japan. If kids toys are on your holiday shopping list, 74 00:03:54,440 --> 00:03:57,280 Speaker 1: you might want to buy now before they potentially run out. 75 00:03:57,600 --> 00:04:00,400 Speaker 1: Bloomberg's Denise Pellegrini explains why one of. 76 00:04:00,320 --> 00:04:02,960 Speaker 6: The nation's leading supply chain experts is warning of a 77 00:04:03,080 --> 00:04:07,200 Speaker 6: far thinner toys selection this holiday shopping season. Jason Miller, 78 00:04:07,240 --> 00:04:10,200 Speaker 6: professor at the University of Michigan, says shipments of things 79 00:04:10,240 --> 00:04:14,280 Speaker 6: like bikes, dolls, and puzzles from China are down sharply 80 00:04:14,400 --> 00:04:17,960 Speaker 6: compared to last year. He blames the Trump administration having 81 00:04:18,000 --> 00:04:21,400 Speaker 6: slept twenty two percent tariffs on the goods on top 82 00:04:21,440 --> 00:04:24,680 Speaker 6: of the apparent drop in selection. Prices may be higher 83 00:04:24,720 --> 00:04:27,800 Speaker 6: this year, and while some NLSA prices on gifts may 84 00:04:27,880 --> 00:04:30,720 Speaker 6: drop as we get closer to the actual holidays, it's 85 00:04:30,760 --> 00:04:33,080 Speaker 6: not clear which toys would still be available. 86 00:04:33,120 --> 00:04:33,280 Speaker 2: Then. 87 00:04:33,720 --> 00:04:35,640 Speaker 6: Denise Pellgreedy Bloomberg Radio. 88 00:04:35,560 --> 00:04:38,200 Speaker 1: Sergey Brinn gave away more than one point one billion 89 00:04:38,279 --> 00:04:41,039 Speaker 1: dollars worth of Alphabet stock this week, with most of 90 00:04:41,080 --> 00:04:44,120 Speaker 1: the money going to a nonprofit the Google co founder created. 91 00:04:44,160 --> 00:04:47,640 Speaker 1: The donation was disclosed Friday in a regulatory filing, which 92 00:04:47,680 --> 00:04:50,039 Speaker 1: did not specify who had received the more than three 93 00:04:50,080 --> 00:04:53,359 Speaker 1: and a half million shares. According to a spokesperson for 94 00:04:53,400 --> 00:04:56,560 Speaker 1: Brynn's family office, roughly one billion in stock is going 95 00:04:56,560 --> 00:04:59,760 Speaker 1: to Catalyst four. Brent is also giving about ninety million 96 00:04:59,800 --> 00:05:02,280 Speaker 1: to two his family foundation, as well as forty five 97 00:05:02,360 --> 00:05:06,240 Speaker 1: million to the Michael J. Fox Foundation. That's news when 98 00:05:06,279 --> 00:05:09,680 Speaker 1: you want it with Bloomberg News. Now I made Kleggy. 99 00:05:09,720 --> 00:05:11,320 Speaker 1: This is Bloomberg