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

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 3: stories we're following today.

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Speaker 4: Karen, we begin with the latest on the slow rollout

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Speaker 4: of the Jeffrey Epstein files. The Justice Departments released a

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Speaker 4: second batch of documents from its investigation into the late

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Speaker 4: sex offender. Many of them contained references to President Trump,

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Speaker 4: including a twenty twenty email from a prosecutor that detailed

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Speaker 4: trips on Epstein's private plane in the nineteen nineties. President

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Speaker 4: Trump has said those trips never took place. Bloomberg's Ben

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Speaker 4: Bain reports the way the files are being released is

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Speaker 4: frustrating all sides.

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Speaker 5: Part of this is we really don't know about the

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Speaker 5: order with which things are being released. What the Department

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Speaker 5: of Justice has said is that you know, they've tasked

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Speaker 5: I believe it was two hundred people to be going

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Speaker 5: through filings.

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Speaker 2: One of the things in the law that was.

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Speaker 5: Passed last month and signed by President Trump was at

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Speaker 5: there are accommodations allowed for protections for survivors, and also

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Speaker 5: some other accommodations for ongoing investigations or things like that

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Speaker 5: if there are any. So we are seeing really heavy redactions.

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Speaker 4: Here in Bloomberg's Ben Bain reports, some lawmakers aren't Capitol

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Speaker 4: Hill are accusing dj of violating the law by not

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Speaker 4: releasing all its files by a December nineteenth deadline. The

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Speaker 4: ongoing review means there could be even more releases as

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Speaker 4: we head into the holidays mony than.

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Speaker 3: President Trump has been handed a rare defeat at the

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Speaker 3: Supreme Court in a six to three decision that Justice

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Speaker 3: has refused to allow the president to deploy the National

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Speaker 3: Guard in Chicago to assist with immigration enforcement. Laurie Levinson

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Speaker 3: is a former federal prosecutor and a professor at Loyola

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Speaker 3: Law School.

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Speaker 6: It is a big decision from the Supreme Court that

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Speaker 6: said that President Trump did not have the authority under

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Speaker 6: the law heing vote to call up the National Guard

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Speaker 6: in Chicago.

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Speaker 3: And that's Loyola Law professor Laurie Levinson. The High Court

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Speaker 3: deliberated over the case for more than two months, usual

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Speaker 3: amount of time for a request where the Trump administration

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Speaker 3: claimed the city was facing an imminent threat.

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Speaker 4: Well, Karen, Another piece of the president's immigration policies got

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Speaker 4: an a legal boost. A federal judge says the Trump

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Speaker 4: administration can move ahead with a one hundred thousand dollars

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Speaker 4: fee for new H one B VISA applications. Analysts say

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Speaker 4: the ruling is a setback for US tech companies that

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Speaker 4: rely on hiring skilled foreign workers, but the judge says

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Speaker 4: President Trump has the power to impose the fee under

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Speaker 4: an express statutory grant of authority. The US Chamber of

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Speaker 4: Commerce says the six figure fee will make H one

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Speaker 4: B visa's cost prohibitive.

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Speaker 2: It can still appeal the decision.

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Speaker 3: Now, let's get the latest on the war in Ukraine. Nathan.

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Speaker 3: Ukrainian President Vladimir Zelenski says his country and the US

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Speaker 3: remains split primarily on territorial issues. In talks on a

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Speaker 3: peace plan to when the war, Ukraine rejects Russia's demand

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Speaker 3: to give up land in eastern Donetsk, fearing it would

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Speaker 3: leave the country vulnerable to a new Russian attack.

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Speaker 4: Well, turning to markets, now, Karen, the clause rally continues

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Speaker 4: around the world On this Christmas Eve, MSCI is All

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Speaker 4: Country World indexes up for a fifth straight day, taking

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Speaker 4: its gains this year to twenty one percent. Steve Quirk

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Speaker 4: is chief brokerage officer at Robinhood Markets.

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Speaker 2: Coming into the end of the year.

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Speaker 7: I think still we've seen strength in terms of engagement

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Speaker 7: and people sort of finishing out the year. I think

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Speaker 7: there was a little bit of a concern, you know,

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Speaker 7: in the first part of December, when we had a

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Speaker 7: stretch of down days, if we'd ever get this Santa

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Speaker 7: Claus rally, but it seems to have materialized.

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Speaker 4: Robinhood Market Stephen Quirk says yesterday's gains were fueled by

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Speaker 4: stronger than expected US growth data and on this Christmas Eve,

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Speaker 4: the US stock market will close early at one pm

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Speaker 4: Wall Street Time.

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Speaker 3: Nathan, the gold rally continues. It's trading about four five

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Speaker 3: hundred dollars an ounce for the first time ever. Precious

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Speaker 3: metals are ending this year with gains not seen in decades,

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Speaker 3: and Bloomberg Medals reporter Martin Richie says global uncertainty has

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Speaker 3: helped drive this rally.

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Speaker 8: You know, you can never imagine prices at this level even.

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Speaker 2: Two years ago, but here we are.

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Speaker 8: And I think this December rally that you've seen in

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Speaker 8: gold and in the precious metals is really a continuation

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Speaker 8: of the same themes we've seen throughout this year. It's

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Speaker 8: about the debasement trade, growing sort of mistrust in traditional

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Speaker 8: assets of sovereign buns and currencies. It's about the weaker dollar,

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Speaker 8: it's about central banks buying gold because of those things.

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Speaker 3: Bloomberg's Martin Richie says gold has gained more than seventy

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Speaker 3: percent this year and silver has risen by one hundred

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Speaker 3: and fifty percent, both, along with copper, on track for

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Speaker 3: their best annual performance since nineteen seventy nine.

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Speaker 2: Got some deal news this morning.

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Speaker 4: Karen Santafee has agreed to buy California based Dinovacs Technologies

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Speaker 4: for a price tag of two point two billion dollars.

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Speaker 4: The French drug makers trying to expand a vaccines business.

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Speaker 4: It's currently anchored by its flu Shot franchise. The deal

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Speaker 4: gives Santa fe hepatitis B vaccine as well as an

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Speaker 4: experimental shingles inoculation.

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Speaker 2: Dinavax. Shares in the pre market up nearly thirty eight percent.

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Speaker 3: Well BP Nathan has a great tost sell a majority

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Speaker 3: of Steak and as Castro Luberkin's division to US investment

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Speaker 3: firm Stone Peak Partners to raise about six billion dollars.

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Speaker 3: The UK oil giant will divest a sixty five percent

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Speaker 3: Steak retaining the remaining investment via a joint venture. BP

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Speaker 3: is shedding assets to reduce debt and turn around years

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Speaker 3: of lagging performance that put the company in the crosshairs

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Speaker 3: of activist shareholder Elliott Investment Management.

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Speaker 2: Karen.

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Speaker 4: Shares of Nike are running higher this morning, the stocks

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Speaker 4: up two percent. Barons is reporting Apple CEO and Nike

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Speaker 4: board member Tim Cook has purchased nearly three million dollars

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Speaker 4: of shares of the sporting goods maker. Nike plunged last

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Speaker 4: week on disappointing earnings. On the year, it's down about

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Speaker 4: twenty four percent.

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Speaker 7: Well.

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Speaker 3: Speaking of Nike, Nathan, one of the company's biggest sponsored

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Speaker 3: ap athletes, is making a major move. Five time Major

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Speaker 3: champion brooks Keetka has been has become the first player

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Speaker 3: to defect from liv Golf. It's a significant blow to

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Speaker 3: the Saudi funded league that raises questions about whether the

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Speaker 3: PGA Tour will find a way for him to return

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Speaker 3: right now. PGA Tour policy requires players who have joined

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Speaker 3: the rival league to sit out for one year from

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Speaker 3: their last participation.

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Speaker 4: And sticking in the sports world, Karen specifically sports entertainment,

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Speaker 4: there could be a big payday for Logan Paul, the

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Speaker 4: world wrestling entertainment star and social media influencer, has agreed

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Speaker 4: to sell his rare Pokemon card. It is a Pikachu

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Speaker 4: illustrator that he purchased in twenty twenty one for nearly

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Speaker 4: five point three million dollars. In their estimates that that

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Speaker 4: card will sell for between seven and twelve million. Logan

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Speaker 4: Paul talked about the card with Bloomberg's Romain Bosteg.

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Speaker 9: Pokemon has delivered higher returns than the stock market in

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Speaker 9: the past twenty years, by upwards of three thousand percent,

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Speaker 9: and so will I think this will probably go for

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Speaker 9: more than I bought it for. It's an auction, but

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Speaker 9: it is the best card in the world.

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Speaker 2: There's nothing like it.

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Speaker 4: And Logan Paul accepted a two and a half million

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Speaker 4: dollar advance to sell the card from Ken Golden.

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Speaker 2: He's the CEO and founder of Golden Auctions.

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Speaker 4: That card goes on sale market calendar January twelfth.

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Speaker 3: Time Now for a look at some of the other

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Speaker 3: stories making news in New York and around the world.

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Speaker 3: And for that we're joined by Bloomberg's Michael Barr.

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Speaker 10: Michael, Good Morning, Good Morning Care in Pennsylvania's governor says

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Speaker 10: an explosion at a nursing home just outside Philadelphia killed

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Speaker 10: at least two people. Tuesday's explosion collapsed a part of

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Speaker 10: the building and happened just as a utility crew had

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Speaker 10: been on site at Bristol Health and Rehab Center in

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Speaker 10: Bristol Township looking for a ghastly Bristol Fire and Rescue

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Speaker 10: Chief Kevin de Palito said people were trapped when part

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Speaker 10: of the first four collapsed into the basement.

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Speaker 7: They pulled many residents out of the building via windows, doors,

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Speaker 7: stuck in stairwells, suck in elevator share.

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Speaker 10: Fire Chief Dippolito says rescuers are still digging by hand

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Speaker 10: and using search dogs to locate potential victims. Pope Leo

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Speaker 10: is criticizing his former home state for its passage of

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Speaker 10: a new law on assisted dying. Illinois passed a measure

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Speaker 10: giving terminally ill adults with the broagnosis of six months

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Speaker 10: or less the option to request a medical prescription to

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Speaker 10: end their lives. Democratic Illinois Governor JB. Pritzkers signed the

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Speaker 10: bill into law.

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Speaker 2: Pope Leo, I'm very disappointed about that.

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Speaker 11: I would invite all people, especially in these Christmas feast

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Speaker 11: days to reflect upon the nature of human life.

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Speaker 10: Pope Leo says the Catholic Church teaches that life is

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Speaker 10: sacred from conception until natural depth. New York City Mayor

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Speaker 10: elect Zoron Memdani has announced the city's next fire commissioner.

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Speaker 10: Lillian Bonsignor, who is coming out of hirement as a

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Speaker 10: respected EMS chief, will be the second female fire commissioner,

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Speaker 10: following Laura Cavadac.

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Speaker 6: I know the job, I know what the firefighters need,

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Speaker 6: and I can translate that to this administration.

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Speaker 2: Who's willing to listen?

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Speaker 10: Audio courtesy of ABC seven. Bansignor is also known as

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Speaker 10: a leader in the LGBTQ community. A new Department of

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Speaker 10: Health and Human Services report reveals Medicaid programs made over

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Speaker 10: two hundred million dollars in improper payments to healthcare providers

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Speaker 10: between twenty twenty one and twenty twenty two for people

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Speaker 10: who had already died. Global News twenty four hours a

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Speaker 10: day and whenever you want it with the Bloomberg News Now,

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Speaker 10: Michael Barrn, this is Bloomberg Karen.

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Speaker 2: Thanks Michael.

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Speaker 3: Time now for our Bloomberg Sports update, and for that

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Speaker 3: we bring in John stash Hour.

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Speaker 12: Thanks Karen. Three NFL games on Christmas Day, including the

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Speaker 12: Vikings in Lions in Minnesota, will once again be without

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Speaker 12: quarterback JJ McCarthy. This time it's an injured hand. He

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Speaker 12: has missed twenty four of his thirty three games in

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Speaker 12: the NFL Pro Bowl rosters announced no Patrick Mahomes, no

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Speaker 12: Saquon Barkley. Four teams sending six players to the Pro Bowl.

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Speaker 12: The Broncos, Ravens, forty nine, Ers and Seahawks. The Cowboys, Eagles, Lions,

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Speaker 12: and Chargers with buying selections. That's a Bloomberg Sports update.

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Speaker 3: Stay with us more from Bloomberg Daybreak coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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

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

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Speaker 2: Good Morning of Nathan Hager.

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Speaker 4: The controversy over the Jeffrey Epstein files could linger over

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Speaker 4: Washington into the new year. The Justice Departments released its

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Speaker 4: latest batch of documents days after the deadline, said in

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Speaker 4: a lot passed last month that slow rollout seems to

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Speaker 4: be frustrating all sides. Joining us for more is Bloomberg's

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Speaker 4: DC Breaking News Editor Alexander Pearson. Alex, great to have

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Speaker 4: you with us this morning. I wonder if you're expecting

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Speaker 4: more news to break on the Ebstein files into the

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Speaker 4: new year and what we've learned, if anything new, from

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Speaker 4: the thousands of documents that have come out thus far.

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Speaker 2: Good morning, Good morning, Nathan.

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Speaker 11: Yes, So yesterday we had the second batch of files.

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Speaker 11: There were tens of thousands that were released as part

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Speaker 11: of that batch, and most notably about them was the

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Speaker 11: fact that President Trump was mentioned a lot more in

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Speaker 11: the second batch than he was in the first batch

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Speaker 11: that was released last week. Naturally, a lot of those mentions,

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Speaker 11: you know, were awkward for the president. There was one

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Speaker 11: record that showed he'd actually taken flights on Jeffrey Epstein's

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Speaker 11: private jet in the mid nineties. That's something that President

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Speaker 11: Trump has previously denied ever having done. And there were

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Speaker 11: some other documents that also, you know, did not shed

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Speaker 11: a good light on him in terms of, you know,

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Speaker 11: what we could expect from here.

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Speaker 2: That dupontent.

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Speaker 11: Justice has said that there are more files that have

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Speaker 11: not yet been released that they're still reviewing, So this,

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Speaker 11: you know, is probably not going to go and way

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Speaker 11: away anytime. Soon, especially with a lot of people demanding

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Speaker 11: that those files be released as soon as possible.

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Speaker 4: And we've heard the frustration aired by the President about

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Speaker 4: some of the photos being released as well, saying that

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Speaker 4: it's tarnishing reputations to be pictured next to Jeffrey Epstein

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Speaker 4: and all that coming out as well. How is this

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Speaker 4: affecting the president politically? What could it mean for his

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Speaker 4: base that these that these documents continue to roll out.

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Speaker 11: Yeah, it's it's certainly very awkward for the President concerning

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Speaker 11: is base, given that you know, for a long long

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Speaker 11: time they've been demanding that these files be released and

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Speaker 11: had actually been you know, voicing that despite his attempts

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Speaker 11: earlier in the year to try and you know, or

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Speaker 11: to not order the release of those files, eventually, Congress

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Speaker 11: you know, pressured him into doing so by passing this

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Speaker 11: law that required the Department of Justice to release the files.

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Speaker 11: But certainly, the fact that the that the Justice Department

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Speaker 11: hasn't released all of the files by the deadline that

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Speaker 11: was set, that we're still seeing new batches coming out

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Speaker 11: is very awkward, given actually that a lot of you know,

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Speaker 11: people in the in the mega base would like to

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Speaker 11: see every file come out full transparency, and it you know,

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Speaker 11: the President and his and the White House seems to

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Speaker 11: be sort of dragging their feet a little bit on

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Speaker 11: doing that.

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Speaker 4: While we continue to watch the Jeffrey Epstein matter unfold,

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Speaker 4: we've seen a pretty rare moment at the Supreme Court,

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Speaker 4: a setback for President Trump when it comes to one

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Speaker 4: of his National Guard deployments.

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Speaker 11: That's right, yesterday, the Supreme Court blocked the Trump administration's

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Speaker 11: attempted deployment of the National Guard to Chicago, which is

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Speaker 11: quite notable given that it's sort of the first really

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Speaker 11: major legal setback for him. Other courts had blocked other

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Speaker 11: deployments for the National Guard to other cities, but this

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Speaker 11: comes from you know, the highest court in the land.

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Speaker 11: And yeah, they basically said that he, you know, his

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Speaker 11: administration were invoking a statute that did not allow for

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Speaker 11: that deployment. And so this latest decision really, you know,

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Speaker 11: does cast a bit of doubt over whether President Trump

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Speaker 11: will be able to continue trying to deploy the National

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Speaker 11: Guard in other cities, or whether he might try to

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Speaker 11: pursue other legal avenues to doing so.

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