Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're
Speaker 1: following today.
Speaker 2: Karen, we begin with President delect Donald Trump making key
Speaker 2: position announcements as he starts to form his second administration.
Speaker 2: In a social media post, Trump said he will install
Speaker 2: Tom Homan as a border zar with oversight over immigration, maritime,
Speaker 2: and aviation security. We get more from Bloomberg News Senior
Speaker 2: editor Bill Ferries.
Speaker 3: Tom Homan used to run the Customs Enforcement Agency. He
Speaker 3: was really the guy partly responsible for this family separation
Speaker 3: policy that defined Trump's position policy at the US Mexico border.
Speaker 3: He will be some kind of a border czar, which
Speaker 3: means he won't have to face Senate confirmation and can
Speaker 3: try to run things right out of the White House
Speaker 3: next to the President.
Speaker 2: Bloomberg's Bill Ferries says the President delect is expected to
Speaker 2: use who's are like positions to concentrate power among loyalists
Speaker 2: in the White House, giving appointees broad discretion over government
Speaker 2: departments and agencies to implement his agenda.
Speaker 1: Well, Nathan, Donald Trump is also turning into a key
Speaker 1: member of leadership in Congress. To be his next UN ambassador.
Speaker 1: The President elect told The New York Post and his
Speaker 1: Statement that he's naming New York congressom and at LEAs
Speaker 1: Daphonic to the position. Steffonic is currently the fourth ranking
Speaker 1: Republican in the House and is one of Trump's highest
Speaker 1: profile allies on Capitol Hill. She was one of the
Speaker 1: one hundred and forty seven House Republicans who voted against
Speaker 1: certifying President Biden's win in twenty twenty, and she was
Speaker 1: the first House member to endorse Trump's twenty twenty four run.
Speaker 2: Karen Republicans are edging closer to winning control of the
Speaker 2: House and pulling off a clean sweep, with two hundred
Speaker 2: eighteen seats needed to keep their majority. The Associated Press
Speaker 2: has called two hundred thirteen races for the GOP, and
Speaker 2: the latest is Arizona's first District. Republican incumbent David Schweikert
Speaker 2: held on against Democrat Ame Shah with fifty two percent
Speaker 2: of the vote to forty eight percent. Nineteen House races
Speaker 2: are still in play, Many of them are in California,
Speaker 2: which takes longer than most states to count it's absentee ballots.
Speaker 1: Well Nathan President Biden will host President ELEC. Donald Trump
Speaker 1: at the White House this week for the first post
Speaker 1: election meeting. They'll meet at the Oval Office at eleven
Speaker 1: a m Eastern on Wednesday. That will be setting in
Speaker 1: motion that transition of power that would be completed in January.
Speaker 2: And at that meeting, Karen Biden is expected to argue
Speaker 2: in favor of continued usaid to Ukraine. White House National
Speaker 2: Security Advisor Jake Sullivan spoke on CBS's Face the Nation.
Speaker 4: Of course, President Biden will have the opportunity over the
Speaker 4: next seventy days to make the case to the Congress
Speaker 4: and to the incoming administration that the United States should
Speaker 4: not walk away from Ukraine. That walking away from Ukraine
Speaker 4: means more instability in Europe, and ultimately, as the Japanese
Speaker 4: Prime Minister said, if we walk away from Ukraine in Europe,
Speaker 4: the question about America's commitment to where allies in Asia
Speaker 4: will grow.
Speaker 2: The White House National Security Advisor Jake Sullivan's comments come
Speaker 2: as Trump's election victory and Republican control of potentially both
Speaker 2: houses of Congress raise questions about the future of US
Speaker 2: support for Ukraine.
Speaker 1: May Weil Nathan Trump reportedly spoke of the Russian President
Speaker 1: Vladimir Putin. Last Thursday, two days after the election, The
Speaker 1: Washington Post is reporting Trump advised Putin not to escalate
Speaker 1: the war in Ukraine. This morning, the Kremlin is denying
Speaker 1: the two leaders spoke. During his campaign, Trump said he
Speaker 1: would bring an immediate end to the conflict.
Speaker 2: Cern markets now karen Us. Bond markets are closed because
Speaker 2: it's Veterans Day, but stocks they're coming off their best
Speaker 2: week of the year, rose four point seven percent during
Speaker 2: the election week, with the S and P five hundred
Speaker 2: hitting its fiftieth record this year. Monama Hadjen, senior investment
Speaker 2: strategist at Edward Jones, says the equity rallies broadening across
Speaker 2: various sectors and expects that to continue post election.
Speaker 5: We do think that that broadening of market leadership theme
Speaker 5: does have legs independent of what was happening in politics.
Speaker 5: We were seeing lower Fed funds rate, lower interest rates,
Speaker 5: as well as a earnings expansion driving that story. We
Speaker 5: think the addition of those pro growth policies add some
Speaker 5: fuel to that fire.
Speaker 2: Monimahadgen of Edward Jones says the equity rally could broaden
Speaker 2: further if some of presidents elect Trump's pro growth policies
Speaker 2: are pasted.
Speaker 1: And Nathan, we are seeing some of the Trump trades
Speaker 1: still in effect. This morning, Bitcoin hitting another all time high.
Speaker 1: Bloomberg Markets reporter Valerie Title sys the move is very
Speaker 1: clearly linked to Trump's election win.
Speaker 6: Since the first of November, Bitcoin has rallied fifteen percent
Speaker 6: overnight across the eighty one thousand level mark, up another
Speaker 6: percent so far in this morning's trade. Trump is seen
Speaker 6: as very friendly to cryptocurrency assets, and then pair that
Speaker 6: with the fact that he's teamed up with Elon Musk.
Speaker 6: That seems very positive for cryptocurrencies generally, and we've seen
Speaker 6: Bitcoin not wait for any further clarity but take a
Speaker 6: leap higher on that.
Speaker 1: And Bloomer's Valery Title says Bitcoin is sored by more
Speaker 1: than ninety percent in value this year.
Speaker 2: And earning seasons winding down. Karen, But we do get
Speaker 2: reports from nearly a dozen companies in the S and
Speaker 2: P five hundred this week.
Speaker 7: Including home Depot.
Speaker 2: Let's get a preview now from Bloomberg's Charlie Pellett.
Speaker 8: Bloomberg Intelligence says the home improvement retailers same store sales
Speaker 8: are expected to slide for an eighth consecutive quarter as
Speaker 8: lower existing home sales continue to challenge sales. BI says
Speaker 8: the impact of hurricanes may add a revenue boost and
Speaker 8: increased costs in subsequent quarters. So far this year, the
Speaker 8: stock is up seventeen point one percent. Twenty nine analysts
Speaker 8: say it's a bye, eleven say it's a whole, and
Speaker 8: four say it's a cell. In New York, Charlie Pellett,
Speaker 8: Bloomberg Radio.
Speaker 1: All right, Charlie, thank you. Turning to the economy, Minneapolis
Speaker 1: Fed President Neil cash Carey says, the economy remains remarkably strong,
Speaker 1: but inflation still remains.
Speaker 9: We need to finish the job.
Speaker 2: We want to have confidence and inflation is going to
Speaker 2: go all the way back down to our two percent target.
Speaker 1: And Minneapolis Fed President Neil cash Carey made the comments
Speaker 1: on CBS's Face the Nation Catch the program Sunday afternoon
Speaker 1: on Bloomberg Radio, and it is time now look at
Speaker 1: some of the other stories making news in New York
Speaker 1: and around the world. And for that we're joined by
Speaker 1: Bloomberg's John Tucker, John goodburning.
Speaker 10: Man, Good morning, Karen. Just a week after Donald Trump's
Speaker 10: resounding election victory, Manhattan judge is poised to decide whether
Speaker 10: to uphold the hush money verdict against him or dismiss it.
Speaker 10: That's because of the US Supreme Court decision back in
Speaker 10: July that gave presidents broad immunity from criminal prosecution. Judge
Speaker 10: wanmer Shaan has said he'll issue a written opinion on Tuesday.
Speaker 10: Nearly two hundred nations meeting at the annual United Nations
Speaker 10: Summit this week must now consider how to avoid catastrophic
Speaker 10: climate change without help from the world's biggest economy. Donald
Speaker 10: Trump is found to take the US out of the
Speaker 10: landmark twenty fifteen Paris Agreement once again, his presence will
Speaker 10: loom over negotiators, even though he won't be at the
Speaker 10: COP twenty nine Climate conference in person. Ft X file
Speaker 10: the lawsuit against Anthony Scaramucci and his hedge fund, Skybridge Capital.
Speaker 10: Let's get more from Bloomberg's than East Pellegrini.
Speaker 7: The lawsuit against the former White House Communications director is
Speaker 7: part of a broader effort to claw back money for
Speaker 7: creditors of the bankrupt company. FTX alleges during the crypto
Speaker 7: winter of twenty twenty two, founder at now jailed Sam
Speaker 7: Bekminfried engaged in a campaign of influence buying, and the
Speaker 7: bankrupt crypto firm alleges bankmin Freed invested sixty seven million
Speaker 7: dollars into various Skybridge endeavors. FTX is now seeking to
Speaker 7: recover more than one hundred million dollars in damages. Denise Pellgritty,
Speaker 7: Bloomberg Radio.
Speaker 10: Global News twenty four hours a day and whenever you
Speaker 10: wanted with Bloomberg News. Now, I'm John Tucker, and this
Speaker 10: is Bloomberg. Karen.
Speaker 1: All right, John Tucker, thank you time now for the
Speaker 1: Bloomberg Sports Update, brought to you by tri State OUTI
Speaker 1: here's John stash Hour, Johnkin morning.
Speaker 11: Good morning. Here in the NFL Sunday Begain in Munich,
Speaker 11: where the fans were drinking and singing songs, didn't seem
Speaker 11: to mind. They were watching a pair of two and seventeens.
Speaker 11: They saw Carolina take a ten point lead, the Giants
Speaker 11: rally in the fourth quarter, so I forced overtime and
Speaker 11: then won the coin flip to get the ball first.
Speaker 11: Tyrone Tracy fumbled on the first play and the Panthers
Speaker 11: won twenty to seventeen. Tracy, to his credit, owned up
Speaker 11: after the game.
Speaker 9: I'm put a lot into this game. You know, well,
Speaker 9: swat and tears, you know, the same everybody say. But
Speaker 9: like I play with passion. I felt you could see
Speaker 9: it on the field. I have a lot of energy
Speaker 9: and I hold myself to a hot standard. So when
Speaker 9: you know, when things like that happened with the game
Speaker 9: on the line, you know, and overtime come all the
Speaker 9: way back, like you know, that's the last thing in
Speaker 9: your mind that you want to happen.
Speaker 11: Giants go to the Byeway with a five game losing streak. Later,
Speaker 11: it was the Jets getting wallowed by the Cardinals thirty
Speaker 11: one to six. Arizona score touchdowns on their first three possessions.
Speaker 11: Kyler Murray twenty two of twenty fours. The Jets dropped
Speaker 11: to three and seven. Look like Kansas City would suffer
Speaker 11: its first loss. Denver lined up for a game winning
Speaker 11: field goal.
Speaker 7: Fox witting for the snap place winners down.
Speaker 2: Let's just take us goods, just.
Speaker 6: Gotta stay undefeated.
Speaker 11: One of six ' five. The Wolf Jeeps won sixteen fourteen.
Speaker 11: They're nine to oh Detroit eight and one. Didn't look
Speaker 11: good last night for them in Houston, Down twenty three
Speaker 11: seven at half time, the Lions roared back to win.
Speaker 11: Twenty six, twenty three. Jake Bates, who kicked the game
Speaker 11: tying fifty eight yard field goal, kicked the fifty two
Speaker 11: yard to win at Pittsburgh, Stay's atop the AFC North
Speaker 11: twenty eight, twenty seven at Washington, the Commander's Paul at
Speaker 11: a first. Philadelphia takes the lead with a thirty four
Speaker 11: to six route in Dallas, Jalen Hurts two tds passing
Speaker 11: two running Patriots one with a dominant defense nineteen to three.
Speaker 11: In Chicago held the Bears one hundred and forty two yards.
Speaker 11: Knicks lost. In Indiana won thirty two one twenty one.
Speaker 11: Pacers made twenty one three pointers. Nick's had only seven
Speaker 11: Miami Marlins named Dodgers coach Clayton McCullough their new manager
Speaker 11: John Stash. That were Bloomberg Sports Karon Nathan.
Speaker 8: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 8: and around the world on Bloomberg dot Com and the
Speaker 8: Bloomberg Business app. This is Bloomberg Daybreak. Good morning.
Speaker 2: I'm Nathan Hager. President Donald Trump is making quick moves
Speaker 2: to fill out key positions for his second term. They
Speaker 2: include a new border czar former acting ICE Director Tom Homan,
Speaker 2: who may have hinted at his approach at the Republican
Speaker 2: National Convention back in July.
Speaker 3: Has a guy who spent thirty four years departing illegal aliens.
Speaker 3: I got a message to themands of illegal aliens that
Speaker 3: Joe Biden's releasing our country and violation.
Speaker 11: Of federal law, you better start packing now.
Speaker 2: Joining us for more on the president elect policy moves
Speaker 2: and more from the nation's capital, we are joined by
Speaker 2: Bloomberg News senior editor Bill Ferries.
Speaker 8: Bill.
Speaker 2: Good morning. For those for whom Tom Homan is not
Speaker 2: necessarily a familiar name, what does his appointment suggest about
Speaker 2: how President elect Trump could approach the immigration issue in
Speaker 2: his second term.
Speaker 3: Well, I think it tells you first how important this
Speaker 3: issue is to President elect Trump. I mean, he is
Speaker 3: really outside of his chief of staff Susie Wiles is
Speaker 3: Tom Homan is one of the first names that the
Speaker 3: President elect has announced, So it's clear he's moving quickly
Speaker 3: on that. It's clear it's going to be a priority.
Speaker 3: And Tom Homan may not be a household name, but
Speaker 3: his policies are certainly well known. He was really the
Speaker 3: author of the family separation policy that was so controversial
Speaker 3: during President Trump's first term, and he has been a
Speaker 3: staunch defender of that approach even back since it started
Speaker 3: in twenty eighteen. So I think it tells you how
Speaker 3: important it is. I think it tells you how quickly
Speaker 3: President Trump wants to move and the fact that he's
Speaker 3: going to be kind of a czar based in the
Speaker 3: White House means there's no there won't be any need
Speaker 3: for a Senate confirmation process, so he can start essentially
Speaker 3: on day one with the president.
Speaker 2: Is there a suggestion then that the border zar could
Speaker 2: be a more powerful position under a second Trump administration
Speaker 2: than the Senate confirmable positions willd to immigration and border security.
Speaker 3: Well, certainly, I mean, we'll have to see how other
Speaker 3: positions come out, but there is a sense that, perhaps,
Speaker 3: having learned from his first term, President Elect Trump is
Speaker 3: going to have a number of people who have czar
Speaker 3: like titles based in the White House, essentially senior advisors
Speaker 3: or senior counselors who may in fact have more influence
Speaker 3: than agency heads or even cabinet secretaries in some cases.
Speaker 2: Interesting as well, that we're hearing one of the first
Speaker 2: Senate confirmable positions that President elect Trump has announced is
Speaker 2: for United Nations Ambassador, and he's turning to a pretty
Speaker 2: staunch loyalist on Capitol Hill to fill out that post.
Speaker 3: Yeah, he's turning to a Congresswoman Elise Stephanic, someone who
Speaker 3: was really kind of more of a moderate Republican in
Speaker 3: her early years in Congress, but who made a sharp
Speaker 3: turn became a big defender of President Trump in the
Speaker 3: second half of his term. Was someone who you know,
Speaker 3: opposed his votes of impeachment and was actually I think
Speaker 3: the first member of Congress to or one of the
Speaker 3: first to endorse him for a third term ahead of
Speaker 3: this year's election. So a true loyalist, someone who will
Speaker 3: likely sit in the cabinet as a as a UN envoy,
Speaker 3: and someone who you know, the president president elect feels
Speaker 3: like he can trust wholeheartedly.
Speaker 2: For the President to like to pick someone on Capitol
Speaker 2: Hill Republican in the House, does that suggest some kind
Speaker 2: of confidence that president like Trump feels like the Republican
Speaker 2: Party is going to hold on to the House. It's
Speaker 2: still not quite called just yet terms of the majority.
Speaker 3: It's not called. We have the latest that in terms
Speaker 3: of called races two hundred and thirteen Republicans to two
Speaker 3: hundred and three Democrats. There was one more Republican seat
Speaker 3: that was called in Arizona about seven hours ago. But
Speaker 3: it does look like Republicans are leading in most of
Speaker 3: the in the remaining seats by and large, So there
Speaker 3: is a lot of confidence on the Republican side that
Speaker 3: they will hold the Congress the lower the House representatives. Now, remember,
Speaker 3: holding it with a narrow lead can be just as
Speaker 3: challenging as as as not having the majority.
Speaker 8: In some cases.
Speaker 3: We've seen Mike Johnson really struggle on in some situations
Speaker 3: to get his caucus to vote. He's needed Democratic support
Speaker 3: in a lot of cases. So, but you'd rather have
Speaker 3: a slim majority rather than a slim minority heading into
Speaker 3: heading into the next you know cycle here.
Speaker 2: Got about a minute left bill. What to make of
Speaker 2: these now conflicting reports that President elect Trump had a
Speaker 2: phone call with Vladimir Putin of Russia just about two
Speaker 2: days after the election.
Speaker 3: Yeah, you know, there was a Washington Post story saying
Speaker 3: that President Trump had a call with Putin and then
Speaker 3: he warned the Russian president against escalating the war in Ukraine.
Speaker 3: You know, we don't have any confirmation of that. Ourselves.
Speaker 3: It would not be a surprise there. Now, we've seen
Speaker 3: reports that from Bob Woodward that former President Trump may
Speaker 3: have had a number of calls with Vladimir Putin during
Speaker 3: his four years away from the White House. He has
Speaker 3: promised to end the war in Ukraine before taking office,
Speaker 3: so this would be in line with that. We know
Speaker 3: he did speak with the Ukraine President Zelenski, so it
Speaker 3: is entirely plausible that they've had this talk and that
Speaker 3: they'll have more talks before President Trump.
Speaker 8: Was sworn in.
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Speaker 6: Dabreak