1
00:00:01,320 --> 00:00:03,640
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:03,640 --> 00:00:06,960
Speaker 1: Doug Prisner. We know that Nissan and Honda are working

3
00:00:07,040 --> 00:00:10,000
Speaker 1: on a merger that would create a rival to Toyota

4
00:00:10,080 --> 00:00:14,320
Speaker 1: in Japan. Well now, the Japanese broadcaster NHK reports the

5
00:00:14,320 --> 00:00:18,160
Speaker 1: automaker is aiming to reach a final agreement in June.

6
00:00:18,320 --> 00:00:21,919
Speaker 1: President elect Trump's trade threats and diplomatic efforts are causing

7
00:00:22,000 --> 00:00:25,720
Speaker 1: turmoil globally. In the latest example, Trump is claiming the

8
00:00:25,760 --> 00:00:29,880
Speaker 1: Panama Canal is charging the US exorbitant prices in rates

9
00:00:29,880 --> 00:00:34,040
Speaker 1: of passage, and he's demanding lower fees or else. Here

10
00:00:34,120 --> 00:00:36,360
Speaker 1: is Trump speaking earlier in Phoenix, Arizona.

11
00:00:36,680 --> 00:00:42,560
Speaker 2: The fees being charged by Panama ridiculous, highly unfair, especially

12
00:00:42,640 --> 00:00:48,640
Speaker 2: knowing the extraordinary generosity that has been bestowed to Panama.

13
00:00:48,720 --> 00:00:52,839
Speaker 2: I say, very foolishly by the United States, this complete

14
00:00:52,920 --> 00:00:56,120
Speaker 2: ripoff of our country will immediately stop.

15
00:00:56,280 --> 00:00:58,920
Speaker 1: Trump went on to say, if the principles of the

16
00:00:59,000 --> 00:01:01,600
Speaker 1: gesture are not fought followed, the US will demand the

17
00:01:01,640 --> 00:01:06,720
Speaker 1: canal be returned. However, Panama's president Jose Raoul Molino rebuffed

18
00:01:06,800 --> 00:01:10,680
Speaker 1: Trump's threat. Here's Molino in a video statement through a translator.

19
00:01:13,280 --> 00:01:15,840
Speaker 3: Every square meter of the Panama Canal and its surroundings

20
00:01:15,920 --> 00:01:17,080
Speaker 3: belongs to Panama and.

21
00:01:17,040 --> 00:01:20,200
Speaker 1: Will continue to be. The sovereignty and the independence of

22
00:01:20,240 --> 00:01:23,760
Speaker 1: our country are non negotiable. That is Panama's President Jose

23
00:01:23,920 --> 00:01:27,559
Speaker 1: Raoul Molino, speaking through a translator. A short while later,

24
00:01:27,640 --> 00:01:31,000
Speaker 1: on truth Social, Trump hit back saying we'll see about

25
00:01:31,080 --> 00:01:34,080
Speaker 1: that now. Trump's trade threats have also helped to set

26
00:01:34,120 --> 00:01:38,040
Speaker 1: off a cabinet crisis for Canadian Prime Minister Justin Trudeau,

27
00:01:38,200 --> 00:01:42,160
Speaker 1: and now, according to the Canadian Broadcasting Corporation, more than

28
00:01:42,240 --> 00:01:46,520
Speaker 1: fifty Liberal Party members of Parliament from Ontario agreed that

29
00:01:46,760 --> 00:01:50,760
Speaker 1: Justin Trudeau must step down. Over the weekend, Trump announced

30
00:01:50,800 --> 00:01:53,880
Speaker 1: a key economic pick for his administration. More on that

31
00:01:53,880 --> 00:01:55,520
Speaker 1: from Bloomberg's Denise Pellegrini.

32
00:01:55,640 --> 00:01:59,040
Speaker 3: He is nominating Stephen Myron to be his chairman of

33
00:01:59,160 --> 00:02:03,400
Speaker 3: the Council of Economic Advisors, saying Miren will work with

34
00:02:03,480 --> 00:02:06,720
Speaker 3: the rest of his economic team to deliver an economic

35
00:02:06,800 --> 00:02:11,200
Speaker 3: boom for Americans. Miron was a senior advisor for economic

36
00:02:11,280 --> 00:02:14,960
Speaker 3: policy at the Treasury Department during Trump's first term, and

37
00:02:15,000 --> 00:02:18,480
Speaker 3: Trump also pointing out on Truth Social that Miron received

38
00:02:18,520 --> 00:02:20,920
Speaker 3: as PhD in economics from Harvard.

39
00:02:20,560 --> 00:02:24,200
Speaker 1: That is, Bloomberg's Denise Pellegrini Now. The President elect also

40
00:02:24,440 --> 00:02:29,040
Speaker 1: selected Stephen Feinberg as Deputy Secretary for the Department of Defense,

41
00:02:29,560 --> 00:02:33,320
Speaker 1: and the President elect named television executive Mark Burnett as

42
00:02:33,400 --> 00:02:37,000
Speaker 1: Special Envoy to the United Kingdom. Burnett was the creator

43
00:02:37,080 --> 00:02:41,360
Speaker 1: of NBC's The Apprentice, which starred Trump over fourteen seasons.

44
00:02:42,120 --> 00:02:44,239
Speaker 1: We go to New York City next, where a man

45
00:02:44,320 --> 00:02:46,680
Speaker 1: is in custody as a person of interest in the

46
00:02:46,680 --> 00:02:49,320
Speaker 1: death of a woman set on fire on a New

47
00:02:49,400 --> 00:02:52,720
Speaker 1: York City subway train in Brooklyn. Officials say the man

48
00:02:52,840 --> 00:02:56,680
Speaker 1: arrested and the woman had no interaction. Here is New

49
00:02:56,760 --> 00:02:59,160
Speaker 1: York Police Commissioner Jessica Tish.

50
00:03:00,040 --> 00:03:02,360
Speaker 4: Ficers who were on patrol on an upper level of

51
00:03:02,400 --> 00:03:06,680
Speaker 4: that station smelled and sawt smoke and went to investigate.

52
00:03:07,680 --> 00:03:11,400
Speaker 4: What they saw was a person standing inside the train

53
00:03:11,480 --> 00:03:15,520
Speaker 4: car fully engulfed in flames. With the help of an

54
00:03:15,720 --> 00:03:20,320
Speaker 4: NTA employee and a fire extinguisher, the flames were put out.

55
00:03:20,720 --> 00:03:24,240
Speaker 4: Unfortunately it was too late and the victim was pronounced

56
00:03:24,280 --> 00:03:24,960
Speaker 4: on the scene.

57
00:03:25,040 --> 00:03:29,079
Speaker 1: That is Jessica Tish, the NYPD Commissioner. Now, police say

58
00:03:29,160 --> 00:03:32,680
Speaker 1: three high school students called nine one one once they

59
00:03:32,720 --> 00:03:35,880
Speaker 1: identified the suspect, and then officers were able to catch

60
00:03:35,960 --> 00:03:40,160
Speaker 1: him on a train in Manhattan. The Christmas holiday is

61
00:03:40,240 --> 00:03:42,840
Speaker 1: this week, and it will be another record setter for

62
00:03:42,920 --> 00:03:46,080
Speaker 1: travel in the US. We have more from Bloomberg Scott Car.

63
00:03:46,280 --> 00:03:48,760
Speaker 5: The two weekends on either side of Christmas looked to

64
00:03:48,760 --> 00:03:50,960
Speaker 5: be some of the most crowded times on roads and

65
00:03:51,040 --> 00:03:54,000
Speaker 5: at airports. Triple A predicts more than one hundred nineteen

66
00:03:54,120 --> 00:03:57,040
Speaker 5: million will drive at least fifty miles from home between

67
00:03:57,040 --> 00:03:59,880
Speaker 5: today through New Year's Day, topping a record set in

68
00:04:00,040 --> 00:04:03,880
Speaker 5: twenty nineteen, while the trade group Airlines for America expects

69
00:04:03,960 --> 00:04:07,120
Speaker 5: US airlines will carry fifty four million passengers over the

70
00:04:07,200 --> 00:04:10,920
Speaker 5: nineteen day period through Monday, January sixth, also a record

71
00:04:10,960 --> 00:04:13,839
Speaker 5: and six percent more than last year. Triple A says

72
00:04:13,920 --> 00:04:17,360
Speaker 5: gas prices are close to last year's, the nationwide average

73
00:04:17,360 --> 00:04:20,800
Speaker 5: now hovering around three dollars five cents a gallon. Scott Carr,

74
00:04:20,839 --> 00:04:21,800
Speaker 5: Bloomberg Radio.

75
00:04:22,080 --> 00:04:25,200
Speaker 1: Raise your hand if you still have a landline at home, well,

76
00:04:25,240 --> 00:04:27,760
Speaker 1: if you do, at and T is trying something new

77
00:04:27,800 --> 00:04:30,400
Speaker 1: to get you to cut the cord for good. Here's

78
00:04:30,400 --> 00:04:31,680
Speaker 1: Bloomberg Snathan Hager.

79
00:04:32,520 --> 00:04:35,040
Speaker 6: The solution is a bit of a throwback itself. It's

80
00:04:35,040 --> 00:04:38,160
Speaker 6: a wireless home phone dubbed AT and T Phone Advanced

81
00:04:38,320 --> 00:04:40,840
Speaker 6: or APA. It was actually introduced a year and a

82
00:04:40,880 --> 00:04:43,520
Speaker 6: half ago. It's a receiver with two intennas and a

83
00:04:43,560 --> 00:04:46,520
Speaker 6: phone jack to plug your existing landline into. It hooks

84
00:04:46,600 --> 00:04:48,800
Speaker 6: up to AT and t's mobile network and can plug

85
00:04:48,839 --> 00:04:52,000
Speaker 6: into Ethernet broadband as well. Recently, AT and T told

86
00:04:52,000 --> 00:04:54,599
Speaker 6: its Investor Day it is retiring most of its copper

87
00:04:54,600 --> 00:04:57,359
Speaker 6: networks by twenty twenty nine. First, though, it has to

88
00:04:57,400 --> 00:05:01,599
Speaker 6: show the FCC that it's providing adequate all alternatives. Nathan Hager,

89
00:05:01,640 --> 00:05:02,839
Speaker 6: Bloomberg Radio.

90
00:05:02,760 --> 00:05:05,400
Speaker 1: And that is news when you want it with Bloomberg News. Now,

91
00:05:05,520 --> 00:05:07,480
Speaker 1: I'm Doug Prisner, and this is Bloomberg