WEBVTT - New Set of Epstein Files Released; Trump’s $100K H-1B Visa Application Fee Upheld by Judge

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning.

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<v Speaker 3>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 3>stories we're following today.

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<v Speaker 4>Karen, we begin with the latest on the slow rollout

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<v Speaker 4>of the Jeffrey Epstein files. The Justice Departments released a

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<v Speaker 4>second batch of documents from its investigation into the late

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<v Speaker 4>sex offender. Many of them contained references to President Trump,

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<v Speaker 4>including a twenty twenty email from a prosecutor that detailed

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<v Speaker 4>trips on Epstein's private plane in the nineteen nineties. President

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<v Speaker 4>Trump has said those trips never took place. Bloomberg's Ben

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<v Speaker 4>Bain reports the way the files are being released is

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<v Speaker 4>frustrating all sides.

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<v Speaker 5>Part of this is we really don't know about the

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<v Speaker 5>order with which things are being released. What the Department

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<v Speaker 5>of Justice has said is that you know, they've tasked

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<v Speaker 5>I believe it was two hundred people to be going

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<v Speaker 5>through filings.

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<v Speaker 2>One of the things in the law that was.

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<v Speaker 5>Passed last month and signed by President Trump was at

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<v Speaker 5>there are accommodations allowed for protections for survivors, and also

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<v Speaker 5>some other accommodations for ongoing investigations or things like that

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<v Speaker 5>if there are any. So we are seeing really heavy redactions.

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

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<v Speaker 4>Hill are accusing dj of violating the law by not

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<v Speaker 4>releasing all its files by a December nineteenth deadline. The

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<v Speaker 4>ongoing review means there could be even more releases as

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<v Speaker 4>we head into the holidays mony than.

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<v Speaker 3>President Trump has been handed a rare defeat at the

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<v Speaker 3>Supreme Court in a six to three decision that Justice

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<v Speaker 3>has refused to allow the president to deploy the National

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<v Speaker 3>Guard in Chicago to assist with immigration enforcement. Laurie Levinson

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<v Speaker 3>is a former federal prosecutor and a professor at Loyola

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<v Speaker 3>Law School.

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<v Speaker 6>It is a big decision from the Supreme Court that

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<v Speaker 6>said that President Trump did not have the authority under

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<v Speaker 6>the law heing vote to call up the National Guard

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<v Speaker 6>in Chicago.

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<v Speaker 3>And that's Loyola Law professor Laurie Levinson. The High Court

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<v Speaker 3>deliberated over the case for more than two months, usual

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<v Speaker 3>amount of time for a request where the Trump administration

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<v Speaker 3>claimed the city was facing an imminent threat.

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<v Speaker 4>Well, Karen, Another piece of the president's immigration policies got

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<v Speaker 4>an a legal boost. A federal judge says the Trump

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<v Speaker 4>administration can move ahead with a one hundred thousand dollars

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<v Speaker 4>fee for new H one B VISA applications. Analysts say

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<v Speaker 4>the ruling is a setback for US tech companies that

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<v Speaker 4>rely on hiring skilled foreign workers, but the judge says

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<v Speaker 4>President Trump has the power to impose the fee under

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<v Speaker 4>an express statutory grant of authority. The US Chamber of

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<v Speaker 4>Commerce says the six figure fee will make H one

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<v Speaker 4>B visa's cost prohibitive.

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<v Speaker 2>It can still appeal the decision.

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

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<v Speaker 3>Ukrainian President Vladimir Zelenski says his country and the US

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<v Speaker 3>remains split primarily on territorial issues. In talks on a

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<v Speaker 3>peace plan to when the war, Ukraine rejects Russia's demand

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<v Speaker 3>to give up land in eastern Donetsk, fearing it would

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<v Speaker 3>leave the country vulnerable to a new Russian attack.

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<v Speaker 4>Well, turning to markets, now, Karen, the clause rally continues

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<v Speaker 4>around the world On this Christmas Eve, MSCI is All

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<v Speaker 4>Country World indexes up for a fifth straight day, taking

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<v Speaker 4>its gains this year to twenty one percent. Steve Quirk

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<v Speaker 4>is chief brokerage officer at Robinhood Markets.

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<v Speaker 2>Coming into the end of the year.

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<v Speaker 7>I think still we've seen strength in terms of engagement

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<v Speaker 7>and people sort of finishing out the year. I think

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<v Speaker 7>there was a little bit of a concern, you know,

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<v Speaker 7>in the first part of December, when we had a

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<v Speaker 7>stretch of down days, if we'd ever get this Santa

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<v Speaker 7>Claus rally, but it seems to have materialized.

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<v Speaker 4>Robinhood Market Stephen Quirk says yesterday's gains were fueled by

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<v Speaker 4>stronger than expected US growth data and on this Christmas Eve,

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<v Speaker 4>the US stock market will close early at one pm

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<v Speaker 4>Wall Street Time.

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

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<v Speaker 3>hundred dollars an ounce for the first time ever. Precious

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<v Speaker 3>metals are ending this year with gains not seen in decades,

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<v Speaker 3>and Bloomberg Medals reporter Martin Richie says global uncertainty has

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<v Speaker 3>helped drive this rally.

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<v Speaker 8>You know, you can never imagine prices at this level even.

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<v Speaker 2>Two years ago, but here we are.

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<v Speaker 8>And I think this December rally that you've seen in

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<v Speaker 8>gold and in the precious metals is really a continuation

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

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<v Speaker 8>about the debasement trade, growing sort of mistrust in traditional

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

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<v Speaker 8>it's about central banks buying gold because of those things.

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<v Speaker 3>Bloomberg's Martin Richie says gold has gained more than seventy

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<v Speaker 3>percent this year and silver has risen by one hundred

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<v Speaker 3>and fifty percent, both, along with copper, on track for

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<v Speaker 3>their best annual performance since nineteen seventy nine.

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<v Speaker 2>Got some deal news this morning.

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<v Speaker 4>Karen Santafee has agreed to buy California based Dinovacs Technologies

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<v Speaker 4>for a price tag of two point two billion dollars.

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<v Speaker 4>The French drug makers trying to expand a vaccines business.

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<v Speaker 4>It's currently anchored by its flu Shot franchise. The deal

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<v Speaker 4>gives Santa fe hepatitis B vaccine as well as an

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<v Speaker 4>experimental shingles inoculation.

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<v Speaker 2>Dinavax. Shares in the pre market up nearly thirty eight percent.

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<v Speaker 3>Well BP Nathan has a great tost sell a majority

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<v Speaker 3>of Steak and as Castro Luberkin's division to US investment

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<v Speaker 3>firm Stone Peak Partners to raise about six billion dollars.

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<v Speaker 3>The UK oil giant will divest a sixty five percent

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<v Speaker 3>Steak retaining the remaining investment via a joint venture. BP

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<v Speaker 3>is shedding assets to reduce debt and turn around years

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<v Speaker 3>of lagging performance that put the company in the crosshairs

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<v Speaker 3>of activist shareholder Elliott Investment Management.

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<v Speaker 2>Karen.

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<v Speaker 4>Shares of Nike are running higher this morning, the stocks

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<v Speaker 4>up two percent. Barons is reporting Apple CEO and Nike

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<v Speaker 4>board member Tim Cook has purchased nearly three million dollars

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<v Speaker 4>of shares of the sporting goods maker. Nike plunged last

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

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<v Speaker 4>twenty four percent.

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<v Speaker 7>Well.

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<v Speaker 3>Speaking of Nike, Nathan, one of the company's biggest sponsored

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<v Speaker 3>ap athletes, is making a major move. Five time Major

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<v Speaker 3>champion brooks Keetka has been has become the first player

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<v Speaker 3>to defect from liv Golf. It's a significant blow to

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<v Speaker 3>the Saudi funded league that raises questions about whether the

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<v Speaker 3>PGA Tour will find a way for him to return

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<v Speaker 3>right now. PGA Tour policy requires players who have joined

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<v Speaker 3>the rival league to sit out for one year from

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<v Speaker 3>their last participation.

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<v Speaker 4>And sticking in the sports world, Karen specifically sports entertainment,

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<v Speaker 4>there could be a big payday for Logan Paul, the

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<v Speaker 4>world wrestling entertainment star and social media influencer, has agreed

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<v Speaker 4>to sell his rare Pokemon card. It is a Pikachu

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<v Speaker 4>illustrator that he purchased in twenty twenty one for nearly

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<v Speaker 4>five point three million dollars. In their estimates that that

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<v Speaker 4>card will sell for between seven and twelve million. Logan

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<v Speaker 4>Paul talked about the card with Bloomberg's Romain Bosteg.

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<v Speaker 9>Pokemon has delivered higher returns than the stock market in

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<v Speaker 9>the past twenty years, by upwards of three thousand percent,

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<v Speaker 9>and so will I think this will probably go for

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

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<v Speaker 9>it is the best card in the world.

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<v Speaker 2>There's nothing like it.

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<v Speaker 4>And Logan Paul accepted a two and a half million

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<v Speaker 4>dollar advance to sell the card from Ken Golden.

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<v Speaker 2>He's the CEO and founder of Golden Auctions.

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<v Speaker 4>That card goes on sale market calendar January twelfth.

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<v Speaker 3>Time Now for a look at some of the other

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<v Speaker 3>stories making news in New York and around the world.

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<v Speaker 3>And for that we're joined by Bloomberg's Michael Barr.

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<v Speaker 10>Michael, Good Morning, Good Morning Care in Pennsylvania's governor says

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<v Speaker 10>an explosion at a nursing home just outside Philadelphia killed

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<v Speaker 10>at least two people. Tuesday's explosion collapsed a part of

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<v Speaker 10>the building and happened just as a utility crew had

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<v Speaker 10>been on site at Bristol Health and Rehab Center in

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<v Speaker 10>Bristol Township looking for a ghastly Bristol Fire and Rescue

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<v Speaker 10>Chief Kevin de Palito said people were trapped when part

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<v Speaker 10>of the first four collapsed into the basement.

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<v Speaker 7>They pulled many residents out of the building via windows, doors,

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<v Speaker 7>stuck in stairwells, suck in elevator share.

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<v Speaker 10>Fire Chief Dippolito says rescuers are still digging by hand

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<v Speaker 10>and using search dogs to locate potential victims. Pope Leo

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<v Speaker 10>is criticizing his former home state for its passage of

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<v Speaker 10>a new law on assisted dying. Illinois passed a measure

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<v Speaker 10>giving terminally ill adults with the broagnosis of six months

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<v Speaker 10>or less the option to request a medical prescription to

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<v Speaker 10>end their lives. Democratic Illinois Governor JB. Pritzkers signed the

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<v Speaker 10>bill into law.

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<v Speaker 2>Pope Leo, I'm very disappointed about that.

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<v Speaker 11>I would invite all people, especially in these Christmas feast

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<v Speaker 11>days to reflect upon the nature of human life.

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<v Speaker 10>Pope Leo says the Catholic Church teaches that life is

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<v Speaker 10>sacred from conception until natural depth. New York City Mayor

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<v Speaker 10>elect Zoron Memdani has announced the city's next fire commissioner.

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<v Speaker 10>Lillian Bonsignor, who is coming out of hirement as a

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<v Speaker 10>respected EMS chief, will be the second female fire commissioner,

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<v Speaker 10>following Laura Cavadac.

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<v Speaker 6>I know the job, I know what the firefighters need,

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<v Speaker 6>and I can translate that to this administration.

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<v Speaker 2>Who's willing to listen?

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<v Speaker 10>Audio courtesy of ABC seven. Bansignor is also known as

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<v Speaker 10>a leader in the LGBTQ community. A new Department of

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<v Speaker 10>Health and Human Services report reveals Medicaid programs made over

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<v Speaker 10>two hundred million dollars in improper payments to healthcare providers

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<v Speaker 10>between twenty twenty one and twenty twenty two for people

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<v Speaker 10>who had already died. Global News twenty four hours a

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<v Speaker 10>day and whenever you want it with the Bloomberg News Now,

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<v Speaker 10>Michael Barrn, this is Bloomberg Karen.

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<v Speaker 2>Thanks Michael.

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<v Speaker 3>Time now for our Bloomberg Sports update, and for that

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<v Speaker 3>we bring in John stash Hour.

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<v Speaker 12>Thanks Karen. Three NFL games on Christmas Day, including the

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<v Speaker 12>Vikings in Lions in Minnesota, will once again be without

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<v Speaker 12>quarterback JJ McCarthy. This time it's an injured hand. He

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<v Speaker 12>has missed twenty four of his thirty three games in

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<v Speaker 12>the NFL Pro Bowl rosters announced no Patrick Mahomes, no

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<v Speaker 12>Saquon Barkley. Four teams sending six players to the Pro Bowl.

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<v Speaker 12>The Broncos, Ravens, forty nine, Ers and Seahawks. The Cowboys, Eagles, Lions,

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<v Speaker 12>and Chargers with buying selections. That's a Bloomberg Sports update.

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<v Speaker 3>Stay with us more from Bloomberg Daybreak coming up after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 2>Good Morning of Nathan Hager.

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<v Speaker 4>The controversy over the Jeffrey Epstein files could linger over

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<v Speaker 4>Washington into the new year. The Justice Departments released its

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<v Speaker 4>latest batch of documents days after the deadline, said in

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<v Speaker 4>a lot passed last month that slow rollout seems to

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<v Speaker 4>be frustrating all sides. Joining us for more is Bloomberg's

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<v Speaker 4>DC Breaking News Editor Alexander Pearson. Alex, great to have

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<v Speaker 4>you with us this morning. I wonder if you're expecting

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<v Speaker 4>more news to break on the Ebstein files into the

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<v Speaker 4>new year and what we've learned, if anything new, from

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<v Speaker 4>the thousands of documents that have come out thus far.

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<v Speaker 2>Good morning, Good morning, Nathan.

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<v Speaker 11>Yes, So yesterday we had the second batch of files.

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<v Speaker 11>There were tens of thousands that were released as part

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<v Speaker 11>of that batch, and most notably about them was the

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<v Speaker 11>fact that President Trump was mentioned a lot more in

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<v Speaker 11>the second batch than he was in the first batch

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<v Speaker 11>that was released last week. Naturally, a lot of those mentions,

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<v Speaker 11>you know, were awkward for the president. There was one

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<v Speaker 11>record that showed he'd actually taken flights on Jeffrey Epstein's

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<v Speaker 11>private jet in the mid nineties. That's something that President

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<v Speaker 11>Trump has previously denied ever having done. And there were

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<v Speaker 11>some other documents that also, you know, did not shed

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<v Speaker 11>a good light on him in terms of, you know,

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<v Speaker 11>what we could expect from here.

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<v Speaker 2>That dupontent.

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<v Speaker 11>Justice has said that there are more files that have

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<v Speaker 11>not yet been released that they're still reviewing, So this,

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<v Speaker 11>you know, is probably not going to go and way

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<v Speaker 11>away anytime. Soon, especially with a lot of people demanding

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<v Speaker 11>that those files be released as soon as possible.

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<v Speaker 4>And we've heard the frustration aired by the President about

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<v Speaker 4>some of the photos being released as well, saying that

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<v Speaker 4>it's tarnishing reputations to be pictured next to Jeffrey Epstein

0:12:15.920 --> 0:12:18.800
<v Speaker 4>and all that coming out as well. How is this

0:12:18.880 --> 0:12:21.560
<v Speaker 4>affecting the president politically? What could it mean for his

0:12:21.679 --> 0:12:25.160
<v Speaker 4>base that these that these documents continue to roll out.

0:12:26.640 --> 0:12:30.400
<v Speaker 11>Yeah, it's it's certainly very awkward for the President concerning

0:12:30.440 --> 0:12:32.760
<v Speaker 11>is base, given that you know, for a long long

0:12:32.800 --> 0:12:36.040
<v Speaker 11>time they've been demanding that these files be released and

0:12:37.120 --> 0:12:40.960
<v Speaker 11>had actually been you know, voicing that despite his attempts

0:12:41.000 --> 0:12:43.280
<v Speaker 11>earlier in the year to try and you know, or

0:12:43.320 --> 0:12:47.000
<v Speaker 11>to not order the release of those files, eventually, Congress

0:12:47.040 --> 0:12:48.960
<v Speaker 11>you know, pressured him into doing so by passing this

0:12:49.040 --> 0:12:51.760
<v Speaker 11>law that required the Department of Justice to release the files.

0:12:52.760 --> 0:12:55.160
<v Speaker 11>But certainly, the fact that the that the Justice Department

0:12:55.200 --> 0:12:57.280
<v Speaker 11>hasn't released all of the files by the deadline that

0:12:57.360 --> 0:12:59.960
<v Speaker 11>was set, that we're still seeing new batches coming out

0:13:01.320 --> 0:13:04.800
<v Speaker 11>is very awkward, given actually that a lot of you know,

0:13:04.960 --> 0:13:07.000
<v Speaker 11>people in the in the mega base would like to

0:13:07.000 --> 0:13:10.880
<v Speaker 11>see every file come out full transparency, and it you know,

0:13:10.960 --> 0:13:12.840
<v Speaker 11>the President and his and the White House seems to

0:13:12.880 --> 0:13:14.480
<v Speaker 11>be sort of dragging their feet a little bit on

0:13:15.200 --> 0:13:15.600
<v Speaker 11>doing that.

0:13:16.679 --> 0:13:20.439
<v Speaker 4>While we continue to watch the Jeffrey Epstein matter unfold,

0:13:20.720 --> 0:13:24.199
<v Speaker 4>we've seen a pretty rare moment at the Supreme Court,

0:13:24.240 --> 0:13:26.960
<v Speaker 4>a setback for President Trump when it comes to one

0:13:26.960 --> 0:13:28.520
<v Speaker 4>of his National Guard deployments.

0:13:29.920 --> 0:13:34.439
<v Speaker 11>That's right, yesterday, the Supreme Court blocked the Trump administration's

0:13:34.440 --> 0:13:39.280
<v Speaker 11>attempted deployment of the National Guard to Chicago, which is

0:13:39.440 --> 0:13:41.360
<v Speaker 11>quite notable given that it's sort of the first really

0:13:41.400 --> 0:13:46.120
<v Speaker 11>major legal setback for him. Other courts had blocked other

0:13:46.160 --> 0:13:48.800
<v Speaker 11>deployments for the National Guard to other cities, but this

0:13:48.880 --> 0:13:50.640
<v Speaker 11>comes from you know, the highest court in the land.

0:13:51.240 --> 0:13:53.800
<v Speaker 11>And yeah, they basically said that he, you know, his

0:13:53.840 --> 0:13:57.920
<v Speaker 11>administration were invoking a statute that did not allow for

0:13:57.960 --> 0:14:01.280
<v Speaker 11>that deployment. And so this latest decision really, you know,

0:14:01.320 --> 0:14:04.880
<v Speaker 11>does cast a bit of doubt over whether President Trump

0:14:04.920 --> 0:14:08.320
<v Speaker 11>will be able to continue trying to deploy the National

0:14:08.320 --> 0:14:11.800
<v Speaker 11>Guard in other cities, or whether he might try to

0:14:11.840 --> 0:14:14.720
<v Speaker 11>pursue other legal avenues to doing so.

0:14:15.840 --> 0:14:18.760
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