Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 3: stories we're following today.
Speaker 4: Karen, we begin with the latest on the slow rollout
Speaker 4: of the Jeffrey Epstein files. The Justice Departments released a
Speaker 4: second batch of documents from its investigation into the late
Speaker 4: sex offender. Many of them contained references to President Trump,
Speaker 4: including a twenty twenty email from a prosecutor that detailed
Speaker 4: trips on Epstein's private plane in the nineteen nineties. President
Speaker 4: Trump has said those trips never took place. Bloomberg's Ben
Speaker 4: Bain reports the way the files are being released is
Speaker 4: frustrating all sides.
Speaker 5: Part of this is we really don't know about the
Speaker 5: order with which things are being released. What the Department
Speaker 5: of Justice has said is that you know, they've tasked
Speaker 5: I believe it was two hundred people to be going
Speaker 5: through filings.
Speaker 2: One of the things in the law that was.
Speaker 5: Passed last month and signed by President Trump was at
Speaker 5: there are accommodations allowed for protections for survivors, and also
Speaker 5: some other accommodations for ongoing investigations or things like that
Speaker 5: if there are any. So we are seeing really heavy redactions.
Speaker 4: Here in Bloomberg's Ben Bain reports, some lawmakers aren't Capitol
Speaker 4: Hill are accusing dj of violating the law by not
Speaker 4: releasing all its files by a December nineteenth deadline. The
Speaker 4: ongoing review means there could be even more releases as
Speaker 4: we head into the holidays mony than.
Speaker 3: President Trump has been handed a rare defeat at the
Speaker 3: Supreme Court in a six to three decision that Justice
Speaker 3: has refused to allow the president to deploy the National
Speaker 3: Guard in Chicago to assist with immigration enforcement. Laurie Levinson
Speaker 3: is a former federal prosecutor and a professor at Loyola
Speaker 3: Law School.
Speaker 6: It is a big decision from the Supreme Court that
Speaker 6: said that President Trump did not have the authority under
Speaker 6: the law heing vote to call up the National Guard
Speaker 6: in Chicago.
Speaker 3: And that's Loyola Law professor Laurie Levinson. The High Court
Speaker 3: deliberated over the case for more than two months, usual
Speaker 3: amount of time for a request where the Trump administration
Speaker 3: claimed the city was facing an imminent threat.
Speaker 4: Well, Karen, Another piece of the president's immigration policies got
Speaker 4: an a legal boost. A federal judge says the Trump
Speaker 4: administration can move ahead with a one hundred thousand dollars
Speaker 4: fee for new H one B VISA applications. Analysts say
Speaker 4: the ruling is a setback for US tech companies that
Speaker 4: rely on hiring skilled foreign workers, but the judge says
Speaker 4: President Trump has the power to impose the fee under
Speaker 4: an express statutory grant of authority. The US Chamber of
Speaker 4: Commerce says the six figure fee will make H one
Speaker 4: B visa's cost prohibitive.
Speaker 2: It can still appeal the decision.
Speaker 3: Now, let's get the latest on the war in Ukraine. Nathan.
Speaker 3: Ukrainian President Vladimir Zelenski says his country and the US
Speaker 3: remains split primarily on territorial issues. In talks on a
Speaker 3: peace plan to when the war, Ukraine rejects Russia's demand
Speaker 3: to give up land in eastern Donetsk, fearing it would
Speaker 3: leave the country vulnerable to a new Russian attack.
Speaker 4: Well, turning to markets, now, Karen, the clause rally continues
Speaker 4: around the world On this Christmas Eve, MSCI is All
Speaker 4: Country World indexes up for a fifth straight day, taking
Speaker 4: its gains this year to twenty one percent. Steve Quirk
Speaker 4: is chief brokerage officer at Robinhood Markets.
Speaker 2: Coming into the end of the year.
Speaker 7: I think still we've seen strength in terms of engagement
Speaker 7: and people sort of finishing out the year. I think
Speaker 7: there was a little bit of a concern, you know,
Speaker 7: in the first part of December, when we had a
Speaker 7: stretch of down days, if we'd ever get this Santa
Speaker 7: Claus rally, but it seems to have materialized.
Speaker 4: Robinhood Market Stephen Quirk says yesterday's gains were fueled by
Speaker 4: stronger than expected US growth data and on this Christmas Eve,
Speaker 4: the US stock market will close early at one pm
Speaker 4: Wall Street Time.
Speaker 3: Nathan, the gold rally continues. It's trading about four five
Speaker 3: hundred dollars an ounce for the first time ever. Precious
Speaker 3: metals are ending this year with gains not seen in decades,
Speaker 3: and Bloomberg Medals reporter Martin Richie says global uncertainty has
Speaker 3: helped drive this rally.
Speaker 8: You know, you can never imagine prices at this level even.
Speaker 2: Two years ago, but here we are.
Speaker 8: And I think this December rally that you've seen in
Speaker 8: gold and in the precious metals is really a continuation
Speaker 8: of the same themes we've seen throughout this year. It's
Speaker 8: about the debasement trade, growing sort of mistrust in traditional
Speaker 8: assets of sovereign buns and currencies. It's about the weaker dollar,
Speaker 8: it's about central banks buying gold because of those things.
Speaker 3: Bloomberg's Martin Richie says gold has gained more than seventy
Speaker 3: percent this year and silver has risen by one hundred
Speaker 3: and fifty percent, both, along with copper, on track for
Speaker 3: their best annual performance since nineteen seventy nine.
Speaker 2: Got some deal news this morning.
Speaker 4: Karen Santafee has agreed to buy California based Dinovacs Technologies
Speaker 4: for a price tag of two point two billion dollars.
Speaker 4: The French drug makers trying to expand a vaccines business.
Speaker 4: It's currently anchored by its flu Shot franchise. The deal
Speaker 4: gives Santa fe hepatitis B vaccine as well as an
Speaker 4: experimental shingles inoculation.
Speaker 2: Dinavax. Shares in the pre market up nearly thirty eight percent.
Speaker 3: Well BP Nathan has a great tost sell a majority
Speaker 3: of Steak and as Castro Luberkin's division to US investment
Speaker 3: firm Stone Peak Partners to raise about six billion dollars.
Speaker 3: The UK oil giant will divest a sixty five percent
Speaker 3: Steak retaining the remaining investment via a joint venture. BP
Speaker 3: is shedding assets to reduce debt and turn around years
Speaker 3: of lagging performance that put the company in the crosshairs
Speaker 3: of activist shareholder Elliott Investment Management.
Speaker 2: Karen.
Speaker 4: Shares of Nike are running higher this morning, the stocks
Speaker 4: up two percent. Barons is reporting Apple CEO and Nike
Speaker 4: board member Tim Cook has purchased nearly three million dollars
Speaker 4: of shares of the sporting goods maker. Nike plunged last
Speaker 4: week on disappointing earnings. On the year, it's down about
Speaker 4: twenty four percent.
Speaker 7: Well.
Speaker 3: Speaking of Nike, Nathan, one of the company's biggest sponsored
Speaker 3: ap athletes, is making a major move. Five time Major
Speaker 3: champion brooks Keetka has been has become the first player
Speaker 3: to defect from liv Golf. It's a significant blow to
Speaker 3: the Saudi funded league that raises questions about whether the
Speaker 3: PGA Tour will find a way for him to return
Speaker 3: right now. PGA Tour policy requires players who have joined
Speaker 3: the rival league to sit out for one year from
Speaker 3: their last participation.
Speaker 4: And sticking in the sports world, Karen specifically sports entertainment,
Speaker 4: there could be a big payday for Logan Paul, the
Speaker 4: world wrestling entertainment star and social media influencer, has agreed
Speaker 4: to sell his rare Pokemon card. It is a Pikachu
Speaker 4: illustrator that he purchased in twenty twenty one for nearly
Speaker 4: five point three million dollars. In their estimates that that
Speaker 4: card will sell for between seven and twelve million. Logan
Speaker 4: Paul talked about the card with Bloomberg's Romain Bosteg.
Speaker 9: Pokemon has delivered higher returns than the stock market in
Speaker 9: the past twenty years, by upwards of three thousand percent,
Speaker 9: and so will I think this will probably go for
Speaker 9: more than I bought it for. It's an auction, but
Speaker 9: it is the best card in the world.
Speaker 2: There's nothing like it.
Speaker 4: And Logan Paul accepted a two and a half million
Speaker 4: dollar advance to sell the card from Ken Golden.
Speaker 2: He's the CEO and founder of Golden Auctions.
Speaker 4: That card goes on sale market calendar January twelfth.
Speaker 3: Time Now for a look at some of the other
Speaker 3: stories making news in New York and around the world.
Speaker 3: And for that we're joined by Bloomberg's Michael Barr.
Speaker 10: Michael, Good Morning, Good Morning Care in Pennsylvania's governor says
Speaker 10: an explosion at a nursing home just outside Philadelphia killed
Speaker 10: at least two people. Tuesday's explosion collapsed a part of
Speaker 10: the building and happened just as a utility crew had
Speaker 10: been on site at Bristol Health and Rehab Center in
Speaker 10: Bristol Township looking for a ghastly Bristol Fire and Rescue
Speaker 10: Chief Kevin de Palito said people were trapped when part
Speaker 10: of the first four collapsed into the basement.
Speaker 7: They pulled many residents out of the building via windows, doors,
Speaker 7: stuck in stairwells, suck in elevator share.
Speaker 10: Fire Chief Dippolito says rescuers are still digging by hand
Speaker 10: and using search dogs to locate potential victims. Pope Leo
Speaker 10: is criticizing his former home state for its passage of
Speaker 10: a new law on assisted dying. Illinois passed a measure
Speaker 10: giving terminally ill adults with the broagnosis of six months
Speaker 10: or less the option to request a medical prescription to
Speaker 10: end their lives. Democratic Illinois Governor JB. Pritzkers signed the
Speaker 10: bill into law.
Speaker 2: Pope Leo, I'm very disappointed about that.
Speaker 11: I would invite all people, especially in these Christmas feast
Speaker 11: days to reflect upon the nature of human life.
Speaker 10: Pope Leo says the Catholic Church teaches that life is
Speaker 10: sacred from conception until natural depth. New York City Mayor
Speaker 10: elect Zoron Memdani has announced the city's next fire commissioner.
Speaker 10: Lillian Bonsignor, who is coming out of hirement as a
Speaker 10: respected EMS chief, will be the second female fire commissioner,
Speaker 10: following Laura Cavadac.
Speaker 6: I know the job, I know what the firefighters need,
Speaker 6: and I can translate that to this administration.
Speaker 2: Who's willing to listen?
Speaker 10: Audio courtesy of ABC seven. Bansignor is also known as
Speaker 10: a leader in the LGBTQ community. A new Department of
Speaker 10: Health and Human Services report reveals Medicaid programs made over
Speaker 10: two hundred million dollars in improper payments to healthcare providers
Speaker 10: between twenty twenty one and twenty twenty two for people
Speaker 10: who had already died. Global News twenty four hours a
Speaker 10: day and whenever you want it with the Bloomberg News Now,
Speaker 10: Michael Barrn, this is Bloomberg Karen.
Speaker 2: Thanks Michael.
Speaker 3: Time now for our Bloomberg Sports update, and for that
Speaker 3: we bring in John stash Hour.
Speaker 12: Thanks Karen. Three NFL games on Christmas Day, including the
Speaker 12: Vikings in Lions in Minnesota, will once again be without
Speaker 12: quarterback JJ McCarthy. This time it's an injured hand. He
Speaker 12: has missed twenty four of his thirty three games in
Speaker 12: the NFL Pro Bowl rosters announced no Patrick Mahomes, no
Speaker 12: Saquon Barkley. Four teams sending six players to the Pro Bowl.
Speaker 12: The Broncos, Ravens, forty nine, Ers and Seahawks. The Cowboys, Eagles, Lions,
Speaker 12: and Chargers with buying selections. That's a Bloomberg Sports update.
Speaker 3: Stay with us more from Bloomberg Daybreak coming up after this.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 2: Good Morning of Nathan Hager.
Speaker 4: The controversy over the Jeffrey Epstein files could linger over
Speaker 4: Washington into the new year. The Justice Departments released its
Speaker 4: latest batch of documents days after the deadline, said in
Speaker 4: a lot passed last month that slow rollout seems to
Speaker 4: be frustrating all sides. Joining us for more is Bloomberg's
Speaker 4: DC Breaking News Editor Alexander Pearson. Alex, great to have
Speaker 4: you with us this morning. I wonder if you're expecting
Speaker 4: more news to break on the Ebstein files into the
Speaker 4: new year and what we've learned, if anything new, from
Speaker 4: the thousands of documents that have come out thus far.
Speaker 2: Good morning, Good morning, Nathan.
Speaker 11: Yes, So yesterday we had the second batch of files.
Speaker 11: There were tens of thousands that were released as part
Speaker 11: of that batch, and most notably about them was the
Speaker 11: fact that President Trump was mentioned a lot more in
Speaker 11: the second batch than he was in the first batch
Speaker 11: that was released last week. Naturally, a lot of those mentions,
Speaker 11: you know, were awkward for the president. There was one
Speaker 11: record that showed he'd actually taken flights on Jeffrey Epstein's
Speaker 11: private jet in the mid nineties. That's something that President
Speaker 11: Trump has previously denied ever having done. And there were
Speaker 11: some other documents that also, you know, did not shed
Speaker 11: a good light on him in terms of, you know,
Speaker 11: what we could expect from here.
Speaker 2: That dupontent.
Speaker 11: Justice has said that there are more files that have
Speaker 11: not yet been released that they're still reviewing, So this,
Speaker 11: you know, is probably not going to go and way
Speaker 11: away anytime. Soon, especially with a lot of people demanding
Speaker 11: that those files be released as soon as possible.
Speaker 4: And we've heard the frustration aired by the President about
Speaker 4: some of the photos being released as well, saying that
Speaker 4: it's tarnishing reputations to be pictured next to Jeffrey Epstein
Speaker 4: and all that coming out as well. How is this
Speaker 4: affecting the president politically? What could it mean for his
Speaker 4: base that these that these documents continue to roll out.
Speaker 11: Yeah, it's it's certainly very awkward for the President concerning
Speaker 11: is base, given that you know, for a long long
Speaker 11: time they've been demanding that these files be released and
Speaker 11: had actually been you know, voicing that despite his attempts
Speaker 11: earlier in the year to try and you know, or
Speaker 11: to not order the release of those files, eventually, Congress
Speaker 11: you know, pressured him into doing so by passing this
Speaker 11: law that required the Department of Justice to release the files.
Speaker 11: But certainly, the fact that the that the Justice Department
Speaker 11: hasn't released all of the files by the deadline that
Speaker 11: was set, that we're still seeing new batches coming out
Speaker 11: is very awkward, given actually that a lot of you know,
Speaker 11: people in the in the mega base would like to
Speaker 11: see every file come out full transparency, and it you know,
Speaker 11: the President and his and the White House seems to
Speaker 11: be sort of dragging their feet a little bit on
Speaker 11: doing that.
Speaker 4: While we continue to watch the Jeffrey Epstein matter unfold,
Speaker 4: we've seen a pretty rare moment at the Supreme Court,
Speaker 4: a setback for President Trump when it comes to one
Speaker 4: of his National Guard deployments.
Speaker 11: That's right, yesterday, the Supreme Court blocked the Trump administration's
Speaker 11: attempted deployment of the National Guard to Chicago, which is
Speaker 11: quite notable given that it's sort of the first really
Speaker 11: major legal setback for him. Other courts had blocked other
Speaker 11: deployments for the National Guard to other cities, but this
Speaker 11: comes from you know, the highest court in the land.
Speaker 11: And yeah, they basically said that he, you know, his
Speaker 11: administration were invoking a statute that did not allow for
Speaker 11: that deployment. And so this latest decision really, you know,
Speaker 11: does cast a bit of doubt over whether President Trump
Speaker 11: will be able to continue trying to deploy the National
Speaker 11: Guard in other cities, or whether he might try to
Speaker 11: pursue other legal avenues to doing so.
Speaker 3: This is Bloomberg day Break, your morning podcast on the
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Speaker 2: And I'm Nathan Hager.
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