Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with the latest on the effort to
Speaker 3: end the war in Ukraine. Ukrainian President Vladimir Zelenski says
Speaker 3: he has an agreement with the US to make security
Speaker 3: guarantees legally binding through a vote in Congress as part
Speaker 3: of a deal to end the war with Russia. Zelenski
Speaker 3: expects the US to consult next with Russia, while Ukrainian
Speaker 3: negotiators may return to America for weekend talks. President Trump
Speaker 3: says the conflict is nearing resolution.
Speaker 4: I think we're closer now, and they will tell you
Speaker 4: that they're closer now. We had numerous conversations with President
Speaker 4: Putin of Russia, and I think we're closer now than
Speaker 4: we have been ever.
Speaker 3: President Trump made those remarks after he talked to a
Speaker 3: gathering of European leaders yesterday hosted by German Chancellor Friedrich Meritz.
Speaker 2: Now to the latest on the death of actor director
Speaker 2: Rob Reiner. Nathan, the Hollywood Icon's son is being held
Speaker 2: this morning in the stabbing deaths of his father and mother,
Speaker 2: Michelle Singer Reiner in their Brentwood home. Here's Los Angeles
Speaker 2: Police Chief Jim McDonald.
Speaker 5: Nick Reiner a suspect in this case.
Speaker 4: He was subsequently booked for murder and is being held.
Speaker 2: LA Police Chief Jim McDonald says prosecutors will decide charges
Speaker 2: for Nick Reiner later today. He's being held without bail.
Speaker 2: Rob Rinder's death has led to an outpouring of tributes
Speaker 2: in the entertainment and political worlds. Reiner was a longtime
Speaker 2: donor to democratic and liberal causes. President Trump is reacting
Speaker 2: to Reiner's death with scorn.
Speaker 4: I wasn't a fan of his at all. He was
Speaker 4: a deranged person as far as Trump is concerned.
Speaker 2: President Trump spoke after he claimed on social media that
Speaker 2: Reiner died of quote Trump derangement syndrome that sparked backlash
Speaker 2: from some of the president's fellow Republicans. Conservative commentator Eric
Speaker 2: Ericson drews with Republican calls for civility after the death
Speaker 2: of Charlie Kirk.
Speaker 3: Meanwhile, Karen the Manheunt continues this morning for the shooter
Speaker 3: in the mass shooting at Brown University. The shock over
Speaker 3: the rampage that killed two students and wounded nine others,
Speaker 3: is giving way to frustration over the investigation. A person
Speaker 3: of interest who has detained over the weekend has been released,
Speaker 3: and police and Providence, Rhode Island have yet to name
Speaker 3: any new suspect. Since Talia Levine is a student at Brown.
Speaker 6: Overall, the sentiment amongst students has just been deep rooted
Speaker 6: distress and fear that this could happen in a place
Speaker 6: that we consider so safe in our home.
Speaker 3: Brown's student Talia Levine, spoke as police released three more
Speaker 3: videos and two photos of a suspect wearing dark clothing,
Speaker 3: a cap and a face mask. Here's Rhode Island Governor
Speaker 3: Daniel McKee.
Speaker 7: We want to make sure that all Rhode Islanders know
Speaker 7: that everything is physically possible is being done and partnering
Speaker 7: in with our federal the FBI, our state law enforcement,
Speaker 7: and also the local law enforcement to bring an individual
Speaker 7: and identify and bring that person to justice.
Speaker 3: Governor Daniel McKee and other officials have said there's no
Speaker 3: clear security camera footage from the building where the shooting
Speaker 3: took place, and that has hampered the search. The FBI
Speaker 3: is offering fifty thousand dollars for information that leads to
Speaker 3: an arrest and conviction.
Speaker 2: Well, Nathan, let's get the latest now and the terror
Speaker 2: attack in Australia. Authority say early indications point the attack,
Speaker 2: which killed at least fifteen people at a Bondai Beach
Speaker 2: Honika celebration, was inspired by the Islamic State. Again, more
Speaker 2: on the information on the father and son attackers from
Speaker 2: Bloomberg's Angus Whitley in Sydney.
Speaker 8: They did travel to the Philippines last month, though it's
Speaker 8: not clear what they did there or where specifically they went.
Speaker 8: But they have found too homemade ISIS flags in a
Speaker 8: car they suspectly belonged to the two gunmen. And that's
Speaker 8: pretty much all they're willing to say. But in the
Speaker 8: in the update in the press conference this afternoon, they
Speaker 8: were really bombarded and want with questions because there's so
Speaker 8: many unanswered questions about the response to antisemitism, about the
Speaker 8: police presence. There was heavy enough for security.
Speaker 2: Heavy enough, and Bloomberg's Angus Whitley says. Labor Prime Minister
Speaker 2: Anthony Albinisi rejected criticism of his handling of escalating attacks,
Speaker 2: while urging Australians to rally around the Jewish community well Karin.
Speaker 3: The US military has attacked three more alleged drug boats,
Speaker 3: killing a total of eight people. US Southern Command says
Speaker 3: the strikes were carried out in the Eastern Pacific at
Speaker 3: the direction of Defense Secretary Pete Hegseth. The operation has
Speaker 3: raised questions about whether the strikes violate international law and
Speaker 3: whether the boats were actually carrying Fentanel Nathan.
Speaker 2: President Trump is suing the BBC for at least ten
Speaker 2: billion dollars over what he claims was a misleading edit
Speaker 2: in their documentary last year. The Eddie gave the impression
Speaker 2: the President made a direct call for violence in his
Speaker 2: speech ahead of the attack on the US Capitol on
Speaker 2: January sixth, twenty twenty one. Bloomberg'sy went Pos reports from.
Speaker 5: London donalds on Stephan.
Speaker 9: Lawsuit against the BBC was filed yesterday in federal court
Speaker 9: in Miami. The US President says he's suing the broadcaster
Speaker 9: for quote putting words in my mouth. The Panorama documentary
Speaker 9: made it appear that Trump told his supporters they should
Speaker 9: walk down to the Capitol and fight like hell. In fact,
Speaker 9: he said they should cheer on our brave senators and congressmen.
Speaker 10: And women.
Speaker 9: The fight like hell remark was from a much later
Speaker 9: part of the speech. Trump's lawyer claims the incident is
Speaker 9: part of the BBC's long standing pattern of manipulating President
Speaker 9: Trump's speeches. The BBC has previously apologized the President but
Speaker 9: rejected his demands for compensation, saying there is no basis
Speaker 9: for a defamation claim. In London, I'm you in parts
Speaker 9: Bloomberg Radio.
Speaker 3: Okay you and thank you. Let's turn now to the
Speaker 3: markets and the economy. Futures are lower ahead of some
Speaker 3: key economic data. Along awaited November jobs report that was
Speaker 3: not released on time due to the government shutdown finally
Speaker 3: comes out this morning. We get a preview now from
Speaker 3: Bloomberg's Michael McKee.
Speaker 11: This Job's report will be a bear for investors accustomed
Speaker 11: to making snap trades when the data are released. The
Speaker 11: usual bed is on the change in jobs and unemployment
Speaker 11: compared with expectations and the last release. But the last
Speaker 11: payrolls data we have is from September and we'll only
Speaker 11: get half of the October release. The household survey with
Speaker 11: unemployment figures will be missing because the data couldn't be collected.
Speaker 11: Add to that, uncertainty about government employment after doze firings
Speaker 11: and the government shutdown, that'll make analyzing the combined two
Speaker 11: month report difficult. Still, it will be data, and it
Speaker 11: will get a lot of attention on Wall Street, although
Speaker 11: the FED will likely put much more weight on this
Speaker 11: month's numbers. Reported on January ninth, Michael McKee Bloomberg.
Speaker 2: Radio, all right, Michael, thank you, and company news. Ford
Speaker 2: Motor Company is taking nineteen and a half billion dollars
Speaker 2: in charges as it pulls back sharply from electric vehicles.
Speaker 2: The company says it overbuilt battery capacity and underestimated how
Speaker 2: hard it would be to make evs profitable. As part
Speaker 2: of the shift, the automaker is canceling a planned electric
Speaker 2: F series truck while shifting production toward gas and hybrid vehicles.
Speaker 2: Fords CEO Jim Farley spoke to Bloomberg.
Speaker 12: It was really the customer changing their decision. You know,
Speaker 12: we saw hybrid's really take off last couple of years,
Speaker 12: Like you know, last month about well, we had thirty
Speaker 12: percent increase in our hybrid sales. We're now number three
Speaker 12: in our I think we're eighty percent hybrid market share
Speaker 12: and trucks. So we saw this happening. We also saw
Speaker 12: the more expensive evs, you know, really suffering the market,
Speaker 12: and the more affordable evs to do better.
Speaker 2: For Its CEO Jim Farley, notes that the EV unit
Speaker 2: lost five point one billion dollars last year, with more
Speaker 2: red ink expected in twenty twenty five. Still, Ford raised
Speaker 2: its profit outlooks and cost cuts and a shift and
Speaker 2: more profitable vehicles are paying off. Get the full conversation
Speaker 2: on the Bloomberg Podcast channel on YouTube.
Speaker 3: Karen the nasdac's looking to extend trading hours on its
Speaker 3: stock venues to twenty three hours a day during the
Speaker 3: work week. The firm has asked the Security an Exchange
Speaker 3: Commission from Parission to add an additional trading session from
Speaker 3: nine pm to four am Eastern time. Other exchanges have
Speaker 3: also outlined their own paths to extend trading hours on
Speaker 3: their venues, including the New York Stock Exchange, which plans
Speaker 3: to offer twenty two hours a day of trading.
Speaker 2: Nathan and bi partisan group of senators is making a
Speaker 2: long shot bid to break a stalemate over healthcare subsidies,
Speaker 2: while also acknowledging that time has run out to pass
Speaker 2: legislation before the credits expire.
Speaker 9: At the end of the year.
Speaker 2: The political uncertainty surrounding the future of the covid era
Speaker 2: subsidies complicates matters for millions of consumers facing out of
Speaker 2: pocket costs doubling or more. If lawmakers can agree on
Speaker 2: a path forward. The current open at Roman period expires
Speaker 2: January fifteenth. House Minority Leader HOCKEYM. Jeffrey slammed his GOP
Speaker 2: colleagues for refusing to extend the credits from the very beginning.
Speaker 13: Republicans have made their intentions clear. They don't want to
Speaker 13: see the Affordable Care ACTAX credits extended because they don't
Speaker 13: support providing affordable healthcare to everyday Americans.
Speaker 2: AUS Minority Leader HOCKEYM. Jeffries Republican Senator Susan Collins, who's
Speaker 2: part of the bipartisan talk, says a vote could happen
Speaker 2: as soon as early next year. She says that could
Speaker 2: trigger a new or expanded open enrollment period for the
Speaker 2: Obamacare exchanges. Time now for a look at some of
Speaker 2: the other stories making news in New York and around
Speaker 2: the world, and for that we're joined by Bloomberg's John Tucker,
Speaker 2: John good mordeh.
Speaker 14: And Good Morning Karen Hedge. Fund billionaire Stephen Cohen is
Speaker 14: among those winning formal approval to open casinos in New
Speaker 14: York City. That story this morning from Bloomberg's Charlie Pennett.
Speaker 10: It marks the first time in the city's modern history
Speaker 10: that full scale gambling parlors will operate legally in the
Speaker 10: Five Borrows. The decision by the New York State Gaming
Speaker 10: Commission culminates a decade long process to allow as many
Speaker 10: as three new casinos to be built in the city
Speaker 10: and its surrounding suburbs. That sets the stage for two
Speaker 10: project in Queens and one in the Bronx. State officials
Speaker 10: have estimated gaming revenue from the three casinos could reach
Speaker 10: five and a half billion by twenty thirty three in
Speaker 10: New York. Charlie Pellot Bloomberg Radio.
Speaker 14: Leading Jewish groups in the United States are urging all
Speaker 14: Jewish organizations to increase security measures at public events as
Speaker 14: follows the deadly mass shooting in Australia. The APE says
Speaker 14: the groups advised that Jewish public events should be open
Speaker 14: only to people who had been screened after pre registering.
Speaker 14: President Trump says he's reclassifying fence and al and his
Speaker 14: latest push to ratchet up pressure on Latin America over
Speaker 14: a drug trafficking The Trump administration waide a similar designation
Speaker 14: in the president's first term, which allowed the Department of
Speaker 14: Homeland Security to access money for detecting and eliminating weapons
Speaker 14: of mass destruction if The Trump administration said in a
Speaker 14: court filing yesterday that the President's White House ballroom construction
Speaker 14: project must continue for unexplained national security reasons. The administration
Speaker 14: also says theist organization that wants to stop it, there's
Speaker 14: no standing. The filing was in a response to a
Speaker 14: lawsuit filed last Friday by the National Trust for Historic Preservation.
Speaker 14: Global News twenty four hours a day and whenever you
Speaker 14: want it with Bloomberg News Now. I'm John Tucker, and
Speaker 14: this is Bloomberg Karen.
Speaker 2: Thanks Sean time now for our Bloomberg Sports update, and
Speaker 2: for that we bring in John stash Hour.
Speaker 15: Thanks Karen. Pittsburgh Steelers were down three ninety then scored
Speaker 15: twenty eight straight points and the Steelers beat the Dolphins
Speaker 15: and Mother Night Football twenty eight to fifteen. Aaron Rodgers
Speaker 15: a couple of touchdown passes. Pittsburgh scored three tds in
Speaker 15: a thirteen minute span of the second half at eight
Speaker 15: and six. They lead the Ravens by one game. NBA
Speaker 15: in Utah, the Jazz beat the Mads in overtime, but
Speaker 15: the Dallas rookie Cooper Flags scored forty two points. He's
Speaker 15: eighteen years old. He's the youngest in NBA history to
Speaker 15: score forty. The Knicks play the Spurs tonight in Las
Speaker 15: Vegas for the NBA Cup. That's for Bloomberg Sports Update.
Speaker 2: Stay with us. More from Bloomberg day Break coming up
Speaker 2: after this.
Speaker 1: Coast to coast on Bloomberg Radio nationwide on Serious Exam
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business Apple. This is Bloomberg Daybreak.
Speaker 10: Good morning.
Speaker 3: I'm Nathan Hager. An end to the war is closer
Speaker 3: than ever before. That's what President Donald Trump is saying
Speaker 3: after the latest talks between US, Ukrainian and European negotiators
Speaker 3: on resolving the conflict with Russia. Ukrainian President Vladimir Lensky
Speaker 3: says he has an agreement with the US on security guarantees,
Speaker 3: but the issue of territory remains a sticking point.
Speaker 10: Nish BRUSHTI.
Speaker 16: Of course, not all aspects are simple. There are complicated
Speaker 16: things in particular the topic of territories. Undoubtedly everyone is
Speaker 16: raising this topic and it's important that we all work
Speaker 16: to ensure that things like that are absolutely fair.
Speaker 3: And that was Ukrainian President vladimir's Lenski speaking through an
Speaker 3: interpreter from Berlin joining us from Brussels this morning is
Speaker 3: Bloomberg Senior Europe correspondent Oliver Crook and all you not
Speaker 3: to put you on the spot, but is Ukraine closer
Speaker 3: than ever to a deal after these talks? Good morning,
Speaker 3: good morning.
Speaker 2: Yeah.
Speaker 5: I mean quite possibly they're closer than ever, but they've
Speaker 5: never really been close, so it may not be saying
Speaker 5: quite as much as the president has been saying. That
Speaker 5: being said, I think that the main thing that's changed
Speaker 5: over the last couple of weeks is the United States
Speaker 5: talking so openly and I think probably in greater detail
Speaker 5: about what a security guarantee for Ukraine would look like
Speaker 5: backed by the United States. For Zelenski, as far as
Speaker 5: he's concerned, these security guarantees are absolutely essential because it's
Speaker 5: one thing to have a cease fire, it's one thing
Speaker 5: to end the war, but what good is that if
Speaker 5: you're just going to get reinvaded in two to three years.
Speaker 5: So for him, it's really about creating an architecture and
Speaker 5: a mechanism by which if there is an invasion ever
Speaker 5: in the future, there is something there that is triggered
Speaker 5: that actually prompts action from NATO. And what they want
Speaker 5: is these Article five like guarantees. The Article five within
Speaker 5: the NATO clause is the one that is an attack
Speaker 5: on one is an attack on all. And the idea
Speaker 5: is there would be some sort of triggering mechanism that
Speaker 5: would enlist the efforts of NATO immediately, unlike what happened
Speaker 5: in twenty twenty two. If ever, there is another we
Speaker 5: should say that we do not have a clear expression
Speaker 5: of what Article five like actually means, but we do
Speaker 5: understand that they won this from the United States and
Speaker 5: that there would be Congress that would also enshrine this
Speaker 5: into law. And of course that's super important to the
Speaker 5: Ukrainians because they did have the Budapest Memorandum back in
Speaker 5: nineteen ninety four when the Ukrainians surrendered their nuclear arms,
Speaker 5: that massive deterrent in order to preserve their sovereignty that
Speaker 5: was guaranteed by the US and the Russians, that of
Speaker 5: course was violated.
Speaker 3: I guess this puts the ONUS now or the attention
Speaker 3: on how Russia could respond to this. Of course, Russia
Speaker 3: has been adamant against Ukraine joining NATO, But what about
Speaker 3: the idea of an Article five like provision for Ukraine.
Speaker 3: Is that something that Russia potentially could be on board with.
Speaker 3: So potentially, I mean, it depends how it's defined.
Speaker 5: Of course, the Article five like status of it from
Speaker 5: a defensive perspective is just you know that the US
Speaker 5: would say, why would you care Russia? If you know
Speaker 5: your attention is not to further in evade Ukraine, then
Speaker 5: then this should be something that doesn't bother you. What
Speaker 5: will bother the Russians. This is why it will not
Speaker 5: be a member of NATO Ukraine. That is is, they
Speaker 5: do not want to have NATO to have free access
Speaker 5: to go into Ukraine, to send troops, to send hardware
Speaker 5: at kind of whatever level they sort of they desire to.
Speaker 5: They also don't want Ukraine to get a seat at
Speaker 5: the table at the sort of NATO table in terms
Speaker 5: of governing policy. Potentially there is a way forward, but
Speaker 5: we should say that NATO is potentially the initial sort
Speaker 5: of instigating a reasoning for the invasion of Ukraine that
Speaker 5: the Russians have put forward saying that it's one of
Speaker 5: these sort of real reasons that they felt that NATO
Speaker 5: expansionism was really a threat to Russia. So this is
Speaker 5: a very delicate question, a very delicate balance to reach.
Speaker 5: But again the United States feels pretty confident that they
Speaker 5: understand both the positions of the Ukrainians and are trying
Speaker 5: to bridge it.
Speaker 3: Just thirty seconds left, Ollie, what about the territory issue?
Speaker 3: That does seem like it's still a pretty big sticking point.
Speaker 3: I think it's still the number one issue. It's still
Speaker 3: obviously a main contention point for the Russians and the Ukrainians.
Speaker 3: The Ukrainians have said they basically will not give up
Speaker 3: any additional territory to the Russians, though the Ukrainians seem
Speaker 3: to have potentially a little bit on that. The Russians,
Speaker 3: for their parts, say they don't even want to have
Speaker 3: a discussion about a ceasefire, let alone a peace agreement
Speaker 3: without the entirety of the Donbass being donated to the
Speaker 3: Russians and surrendered in some way. Again, the Americans are
Speaker 3: trying to sort of fudge that and to find the
Speaker 3: Free Economic Zone Demilitarized Zone, for example, but they have
Speaker 3: not found an agreement on that quite yet.
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