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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the latest on the effort to

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Speaker 3: end the war in Ukraine. Ukrainian President Vladimir Zelenski says

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Speaker 3: he has an agreement with the US to make security

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Speaker 3: guarantees legally binding through a vote in Congress as part

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Speaker 3: of a deal to end the war with Russia. Zelenski

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Speaker 3: expects the US to consult next with Russia, while Ukrainian

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Speaker 3: negotiators may return to America for weekend talks. President Trump

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Speaker 3: says the conflict is nearing resolution.

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Speaker 4: I think we're closer now, and they will tell you

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Speaker 4: that they're closer now. We had numerous conversations with President

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Speaker 4: Putin of Russia, and I think we're closer now than

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Speaker 4: we have been ever.

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Speaker 3: President Trump made those remarks after he talked to a

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Speaker 3: gathering of European leaders yesterday hosted by German Chancellor Friedrich Meritz.

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Speaker 2: Now to the latest on the death of actor director

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Speaker 2: Rob Reiner. Nathan, the Hollywood Icon's son is being held

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Speaker 2: this morning in the stabbing deaths of his father and mother,

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Speaker 2: Michelle Singer Reiner in their Brentwood home. Here's Los Angeles

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Speaker 2: Police Chief Jim McDonald.

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Speaker 5: Nick Reiner a suspect in this case.

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Speaker 4: He was subsequently booked for murder and is being held.

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Speaker 2: LA Police Chief Jim McDonald says prosecutors will decide charges

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Speaker 2: for Nick Reiner later today. He's being held without bail.

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Speaker 2: Rob Rinder's death has led to an outpouring of tributes

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Speaker 2: in the entertainment and political worlds. Reiner was a longtime

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Speaker 2: donor to democratic and liberal causes. President Trump is reacting

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Speaker 2: to Reiner's death with scorn.

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Speaker 4: I wasn't a fan of his at all. He was

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Speaker 4: a deranged person as far as Trump is concerned.

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Speaker 2: President Trump spoke after he claimed on social media that

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Speaker 2: Reiner died of quote Trump derangement syndrome that sparked backlash

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Speaker 2: from some of the president's fellow Republicans. Conservative commentator Eric

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Speaker 2: Ericson drews with Republican calls for civility after the death

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Speaker 2: of Charlie Kirk.

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Speaker 3: Meanwhile, Karen the Manheunt continues this morning for the shooter

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Speaker 3: in the mass shooting at Brown University. The shock over

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Speaker 3: the rampage that killed two students and wounded nine others,

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Speaker 3: is giving way to frustration over the investigation. A person

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Speaker 3: of interest who has detained over the weekend has been released,

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Speaker 3: and police and Providence, Rhode Island have yet to name

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Speaker 3: any new suspect. Since Talia Levine is a student at Brown.

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Speaker 6: Overall, the sentiment amongst students has just been deep rooted

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Speaker 6: distress and fear that this could happen in a place

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Speaker 6: that we consider so safe in our home.

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Speaker 3: Brown's student Talia Levine, spoke as police released three more

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Speaker 3: videos and two photos of a suspect wearing dark clothing,

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Speaker 3: a cap and a face mask. Here's Rhode Island Governor

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Speaker 3: Daniel McKee.

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Speaker 7: We want to make sure that all Rhode Islanders know

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Speaker 7: that everything is physically possible is being done and partnering

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Speaker 7: in with our federal the FBI, our state law enforcement,

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Speaker 7: and also the local law enforcement to bring an individual

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Speaker 7: and identify and bring that person to justice.

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Speaker 3: Governor Daniel McKee and other officials have said there's no

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Speaker 3: clear security camera footage from the building where the shooting

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Speaker 3: took place, and that has hampered the search. The FBI

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Speaker 3: is offering fifty thousand dollars for information that leads to

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Speaker 3: an arrest and conviction.

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Speaker 2: Well, Nathan, let's get the latest now and the terror

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Speaker 2: attack in Australia. Authority say early indications point the attack,

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Speaker 2: which killed at least fifteen people at a Bondai Beach

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Speaker 2: Honika celebration, was inspired by the Islamic State. Again, more

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Speaker 2: on the information on the father and son attackers from

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Speaker 2: Bloomberg's Angus Whitley in Sydney.

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Speaker 8: They did travel to the Philippines last month, though it's

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Speaker 8: not clear what they did there or where specifically they went.

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Speaker 8: But they have found too homemade ISIS flags in a

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Speaker 8: car they suspectly belonged to the two gunmen. And that's

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Speaker 8: pretty much all they're willing to say. But in the

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Speaker 8: in the update in the press conference this afternoon, they

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Speaker 8: were really bombarded and want with questions because there's so

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Speaker 8: many unanswered questions about the response to antisemitism, about the

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Speaker 8: police presence. There was heavy enough for security.

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Speaker 2: Heavy enough, and Bloomberg's Angus Whitley says. Labor Prime Minister

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Speaker 2: Anthony Albinisi rejected criticism of his handling of escalating attacks,

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Speaker 2: while urging Australians to rally around the Jewish community well Karin.

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Speaker 3: The US military has attacked three more alleged drug boats,

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Speaker 3: killing a total of eight people. US Southern Command says

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Speaker 3: the strikes were carried out in the Eastern Pacific at

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Speaker 3: the direction of Defense Secretary Pete Hegseth. The operation has

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Speaker 3: raised questions about whether the strikes violate international law and

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Speaker 3: whether the boats were actually carrying Fentanel Nathan.

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Speaker 2: President Trump is suing the BBC for at least ten

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Speaker 2: billion dollars over what he claims was a misleading edit

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Speaker 2: in their documentary last year. The Eddie gave the impression

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Speaker 2: the President made a direct call for violence in his

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Speaker 2: speech ahead of the attack on the US Capitol on

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Speaker 2: January sixth, twenty twenty one. Bloomberg'sy went Pos reports from.

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Speaker 5: London donalds on Stephan.

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Speaker 9: Lawsuit against the BBC was filed yesterday in federal court

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Speaker 9: in Miami. The US President says he's suing the broadcaster

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Speaker 9: for quote putting words in my mouth. The Panorama documentary

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Speaker 9: made it appear that Trump told his supporters they should

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Speaker 9: walk down to the Capitol and fight like hell. In fact,

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Speaker 9: he said they should cheer on our brave senators and congressmen.

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Speaker 10: And women.

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Speaker 9: The fight like hell remark was from a much later

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Speaker 9: part of the speech. Trump's lawyer claims the incident is

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Speaker 9: part of the BBC's long standing pattern of manipulating President

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Speaker 9: Trump's speeches. The BBC has previously apologized the President but

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Speaker 9: rejected his demands for compensation, saying there is no basis

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Speaker 9: for a defamation claim. In London, I'm you in parts

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Speaker 9: Bloomberg Radio.

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Speaker 3: Okay you and thank you. Let's turn now to the

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Speaker 3: markets and the economy. Futures are lower ahead of some

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Speaker 3: key economic data. Along awaited November jobs report that was

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Speaker 3: not released on time due to the government shutdown finally

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Speaker 3: comes out this morning. We get a preview now from

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Speaker 3: Bloomberg's Michael McKee.

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Speaker 11: This Job's report will be a bear for investors accustomed

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Speaker 11: to making snap trades when the data are released. The

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Speaker 11: usual bed is on the change in jobs and unemployment

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Speaker 11: compared with expectations and the last release. But the last

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Speaker 11: payrolls data we have is from September and we'll only

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Speaker 11: get half of the October release. The household survey with

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Speaker 11: unemployment figures will be missing because the data couldn't be collected.

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Speaker 11: Add to that, uncertainty about government employment after doze firings

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Speaker 11: and the government shutdown, that'll make analyzing the combined two

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Speaker 11: month report difficult. Still, it will be data, and it

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Speaker 11: will get a lot of attention on Wall Street, although

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Speaker 11: the FED will likely put much more weight on this

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Speaker 11: month's numbers. Reported on January ninth, Michael McKee Bloomberg.

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Speaker 2: Radio, all right, Michael, thank you, and company news. Ford

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Speaker 2: Motor Company is taking nineteen and a half billion dollars

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Speaker 2: in charges as it pulls back sharply from electric vehicles.

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Speaker 2: The company says it overbuilt battery capacity and underestimated how

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Speaker 2: hard it would be to make evs profitable. As part

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Speaker 2: of the shift, the automaker is canceling a planned electric

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Speaker 2: F series truck while shifting production toward gas and hybrid vehicles.

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Speaker 2: Fords CEO Jim Farley spoke to Bloomberg.

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Speaker 12: It was really the customer changing their decision. You know,

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Speaker 12: we saw hybrid's really take off last couple of years,

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Speaker 12: Like you know, last month about well, we had thirty

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Speaker 12: percent increase in our hybrid sales. We're now number three

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Speaker 12: in our I think we're eighty percent hybrid market share

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Speaker 12: and trucks. So we saw this happening. We also saw

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Speaker 12: the more expensive evs, you know, really suffering the market,

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Speaker 12: and the more affordable evs to do better.

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Speaker 2: For Its CEO Jim Farley, notes that the EV unit

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Speaker 2: lost five point one billion dollars last year, with more

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Speaker 2: red ink expected in twenty twenty five. Still, Ford raised

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Speaker 2: its profit outlooks and cost cuts and a shift and

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Speaker 2: more profitable vehicles are paying off. Get the full conversation

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Speaker 2: on the Bloomberg Podcast channel on YouTube.

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Speaker 3: Karen the nasdac's looking to extend trading hours on its

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Speaker 3: stock venues to twenty three hours a day during the

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Speaker 3: work week. The firm has asked the Security an Exchange

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Speaker 3: Commission from Parission to add an additional trading session from

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Speaker 3: nine pm to four am Eastern time. Other exchanges have

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Speaker 3: also outlined their own paths to extend trading hours on

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Speaker 3: their venues, including the New York Stock Exchange, which plans

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Speaker 3: to offer twenty two hours a day of trading.

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Speaker 2: Nathan and bi partisan group of senators is making a

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Speaker 2: long shot bid to break a stalemate over healthcare subsidies,

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Speaker 2: while also acknowledging that time has run out to pass

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Speaker 2: legislation before the credits expire.

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Speaker 9: At the end of the year.

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Speaker 2: The political uncertainty surrounding the future of the covid era

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Speaker 2: subsidies complicates matters for millions of consumers facing out of

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Speaker 2: pocket costs doubling or more. If lawmakers can agree on

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Speaker 2: a path forward. The current open at Roman period expires

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Speaker 2: January fifteenth. House Minority Leader HOCKEYM. Jeffrey slammed his GOP

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Speaker 2: colleagues for refusing to extend the credits from the very beginning.

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Speaker 13: Republicans have made their intentions clear. They don't want to

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Speaker 13: see the Affordable Care ACTAX credits extended because they don't

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Speaker 13: support providing affordable healthcare to everyday Americans.

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Speaker 2: AUS Minority Leader HOCKEYM. Jeffries Republican Senator Susan Collins, who's

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Speaker 2: part of the bipartisan talk, says a vote could happen

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Speaker 2: as soon as early next year. She says that could

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Speaker 2: trigger a new or expanded open enrollment period for the

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Speaker 2: Obamacare exchanges. Time now for a look at some of

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Speaker 2: the other stories making news in New York and around

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Speaker 2: the world, and for that we're joined by Bloomberg's John Tucker,

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Speaker 2: John good mordeh.

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Speaker 14: And Good Morning Karen Hedge. Fund billionaire Stephen Cohen is

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Speaker 14: among those winning formal approval to open casinos in New

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Speaker 14: York City. That story this morning from Bloomberg's Charlie Pennett.

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Speaker 10: It marks the first time in the city's modern history

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Speaker 10: that full scale gambling parlors will operate legally in the

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Speaker 10: Five Borrows. The decision by the New York State Gaming

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Speaker 10: Commission culminates a decade long process to allow as many

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Speaker 10: as three new casinos to be built in the city

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Speaker 10: and its surrounding suburbs. That sets the stage for two

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Speaker 10: project in Queens and one in the Bronx. State officials

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Speaker 10: have estimated gaming revenue from the three casinos could reach

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Speaker 10: five and a half billion by twenty thirty three in

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Speaker 10: New York. Charlie Pellot Bloomberg Radio.

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Speaker 14: Leading Jewish groups in the United States are urging all

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Speaker 14: Jewish organizations to increase security measures at public events as

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Speaker 14: follows the deadly mass shooting in Australia. The APE says

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Speaker 14: the groups advised that Jewish public events should be open

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Speaker 14: only to people who had been screened after pre registering.

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Speaker 14: President Trump says he's reclassifying fence and al and his

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Speaker 14: latest push to ratchet up pressure on Latin America over

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Speaker 14: a drug trafficking The Trump administration waide a similar designation

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Speaker 14: in the president's first term, which allowed the Department of

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Speaker 14: Homeland Security to access money for detecting and eliminating weapons

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Speaker 14: of mass destruction if The Trump administration said in a

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Speaker 14: court filing yesterday that the President's White House ballroom construction

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Speaker 14: project must continue for unexplained national security reasons. The administration

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Speaker 14: also says theist organization that wants to stop it, there's

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Speaker 14: no standing. The filing was in a response to a

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Speaker 14: lawsuit filed last Friday by the National Trust for Historic Preservation.

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Speaker 14: Global News twenty four hours a day and whenever you

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Speaker 14: want it with Bloomberg News Now. I'm John Tucker, and

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Speaker 14: this is Bloomberg Karen.

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Speaker 2: Thanks Sean time now for our Bloomberg Sports update, and

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Speaker 2: for that we bring in John stash Hour.

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Speaker 15: Thanks Karen. Pittsburgh Steelers were down three ninety then scored

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Speaker 15: twenty eight straight points and the Steelers beat the Dolphins

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Speaker 15: and Mother Night Football twenty eight to fifteen. Aaron Rodgers

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Speaker 15: a couple of touchdown passes. Pittsburgh scored three tds in

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Speaker 15: a thirteen minute span of the second half at eight

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Speaker 15: and six. They lead the Ravens by one game. NBA

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Speaker 15: in Utah, the Jazz beat the Mads in overtime, but

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Speaker 15: the Dallas rookie Cooper Flags scored forty two points. He's

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Speaker 15: eighteen years old. He's the youngest in NBA history to

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Speaker 15: score forty. The Knicks play the Spurs tonight in Las

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Speaker 15: Vegas for the NBA Cup. That's for Bloomberg Sports Update.

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Speaker 2: Stay with us. More from Bloomberg day Break coming up

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Speaker 2: after this.

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Speaker 1: Coast to coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business Apple. This is Bloomberg Daybreak.

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Speaker 10: Good morning.

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Speaker 3: I'm Nathan Hager. An end to the war is closer

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Speaker 3: than ever before. That's what President Donald Trump is saying

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Speaker 3: after the latest talks between US, Ukrainian and European negotiators

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Speaker 3: on resolving the conflict with Russia. Ukrainian President Vladimir Lensky

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Speaker 3: says he has an agreement with the US on security guarantees,

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Speaker 3: but the issue of territory remains a sticking point.

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Speaker 10: Nish BRUSHTI.

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Speaker 16: Of course, not all aspects are simple. There are complicated

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Speaker 16: things in particular the topic of territories. Undoubtedly everyone is

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Speaker 16: raising this topic and it's important that we all work

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Speaker 16: to ensure that things like that are absolutely fair.

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Speaker 3: And that was Ukrainian President vladimir's Lenski speaking through an

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Speaker 3: interpreter from Berlin joining us from Brussels this morning is

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Speaker 3: Bloomberg Senior Europe correspondent Oliver Crook and all you not

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Speaker 3: to put you on the spot, but is Ukraine closer

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Speaker 3: than ever to a deal after these talks? Good morning,

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Speaker 3: good morning.

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Speaker 2: Yeah.

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Speaker 5: I mean quite possibly they're closer than ever, but they've

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Speaker 5: never really been close, so it may not be saying

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Speaker 5: quite as much as the president has been saying. That

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Speaker 5: being said, I think that the main thing that's changed

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Speaker 5: over the last couple of weeks is the United States

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Speaker 5: talking so openly and I think probably in greater detail

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Speaker 5: about what a security guarantee for Ukraine would look like

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Speaker 5: backed by the United States. For Zelenski, as far as

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Speaker 5: he's concerned, these security guarantees are absolutely essential because it's

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Speaker 5: one thing to have a cease fire, it's one thing

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Speaker 5: to end the war, but what good is that if

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Speaker 5: you're just going to get reinvaded in two to three years.

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Speaker 5: So for him, it's really about creating an architecture and

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Speaker 5: a mechanism by which if there is an invasion ever

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Speaker 5: in the future, there is something there that is triggered

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Speaker 5: that actually prompts action from NATO. And what they want

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Speaker 5: is these Article five like guarantees. The Article five within

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Speaker 5: the NATO clause is the one that is an attack

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Speaker 5: on one is an attack on all. And the idea

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Speaker 5: is there would be some sort of triggering mechanism that

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Speaker 5: would enlist the efforts of NATO immediately, unlike what happened

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Speaker 5: in twenty twenty two. If ever, there is another we

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Speaker 5: should say that we do not have a clear expression

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Speaker 5: of what Article five like actually means, but we do

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Speaker 5: understand that they won this from the United States and

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Speaker 5: that there would be Congress that would also enshrine this

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Speaker 5: into law. And of course that's super important to the

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Speaker 5: Ukrainians because they did have the Budapest Memorandum back in

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Speaker 5: nineteen ninety four when the Ukrainians surrendered their nuclear arms,

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Speaker 5: that massive deterrent in order to preserve their sovereignty that

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Speaker 5: was guaranteed by the US and the Russians, that of

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Speaker 5: course was violated.

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Speaker 3: I guess this puts the ONUS now or the attention

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Speaker 3: on how Russia could respond to this. Of course, Russia

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Speaker 3: has been adamant against Ukraine joining NATO, But what about

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Speaker 3: the idea of an Article five like provision for Ukraine.

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Speaker 3: Is that something that Russia potentially could be on board with.

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Speaker 3: So potentially, I mean, it depends how it's defined.

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Speaker 5: Of course, the Article five like status of it from

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Speaker 5: a defensive perspective is just you know that the US

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Speaker 5: would say, why would you care Russia? If you know

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Speaker 5: your attention is not to further in evade Ukraine, then

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Speaker 5: then this should be something that doesn't bother you. What

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Speaker 5: will bother the Russians. This is why it will not

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Speaker 5: be a member of NATO Ukraine. That is is, they

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Speaker 5: do not want to have NATO to have free access

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Speaker 5: to go into Ukraine, to send troops, to send hardware

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Speaker 5: at kind of whatever level they sort of they desire to.

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Speaker 5: They also don't want Ukraine to get a seat at

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Speaker 5: the table at the sort of NATO table in terms

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Speaker 5: of governing policy. Potentially there is a way forward, but

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Speaker 5: we should say that NATO is potentially the initial sort

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Speaker 5: of instigating a reasoning for the invasion of Ukraine that

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Speaker 5: the Russians have put forward saying that it's one of

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Speaker 5: these sort of real reasons that they felt that NATO

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Speaker 5: expansionism was really a threat to Russia. So this is

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Speaker 5: a very delicate question, a very delicate balance to reach.

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Speaker 5: But again the United States feels pretty confident that they

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Speaker 5: understand both the positions of the Ukrainians and are trying

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Speaker 5: to bridge it.

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Speaker 3: Just thirty seconds left, Ollie, what about the territory issue?

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Speaker 3: That does seem like it's still a pretty big sticking point.

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Speaker 3: I think it's still the number one issue. It's still

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Speaker 3: obviously a main contention point for the Russians and the Ukrainians.

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Speaker 3: The Ukrainians have said they basically will not give up

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Speaker 3: any additional territory to the Russians, though the Ukrainians seem

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Speaker 3: to have potentially a little bit on that. The Russians,

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Speaker 3: for their parts, say they don't even want to have

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Speaker 3: a discussion about a ceasefire, let alone a peace agreement

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Speaker 3: without the entirety of the Donbass being donated to the

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Speaker 3: Russians and surrendered in some way. Again, the Americans are

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Speaker 3: trying to sort of fudge that and to find the

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Speaker 3: Free Economic Zone Demilitarized Zone, for example, but they have

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Speaker 3: not found an agreement on that quite yet.

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