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Speaker 1: News when you want it with Bloomberg News. Now, I'm

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Speaker 1: Doug Prisner. Five people are dead as wildfires rage in

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Speaker 1: Los Angeles County. Multiple blazes have consumed twenty six thousand

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Speaker 1: acres and tens of thousands of people are under mandatory

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Speaker 1: evacuation orders. Earlier, President Elect Trump was asked about helping

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Speaker 1: California recover.

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Speaker 2: The governor has not done a good job. With that

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Speaker 2: being said, I got along well.

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Speaker 3: With him when he was governor. We worked together very well,

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Speaker 3: and we would work together.

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Speaker 4: I guess it looks like we're going to be the

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Speaker 4: one having to rebuild it.

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Speaker 1: That's President elect Trump speaking there. And now another fire

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Speaker 1: has broken out, this time in the Hollywood Hills. At

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Speaker 1: this point, it's covering about twenty acres nonetheless, and evacuation

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Speaker 1: order is now in place. A US DOC worker strike

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Speaker 1: has been averted. The International Longshoreman's Association and the US

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Speaker 1: Maritime Alliance have reached a tentative agreement on all items

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Speaker 1: for a new six year master contract. Now, the two

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Speaker 1: signs will operate under the current contract until the union

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Speaker 1: can schedule a ratification vote and port employers can ratify

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Speaker 1: the terms. SoftBank's arm holdings is exploring a deal to

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Speaker 1: acquire Ampeer Computing. Ampere is a semiconductor designer backed by Oracle.

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Speaker 1: We are told talks could still fall apart. It's also

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Speaker 1: possible Ampeer could end up being acquired by another suitor.

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Speaker 1: The Biden administration is planning to impose additional restrictions on

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Speaker 1: the export of AI chips. We are told that the

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Speaker 1: US wants to curb the sale of these chips used

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Speaker 1: in data centers on a country and a company basis.

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Speaker 1: The aim here is to keep advanced technologies out of

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Speaker 1: the hands of Russia and China. Here's Bloomberg's Ian King, No, I've.

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Speaker 5: Got some song electronics in our career. It's doing well

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Speaker 5: or not in this business because it's supplying in video

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Speaker 5: with memory TSMC. In Taiwan, it's doing well or not

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Speaker 5: because it's making chips for in video or AMD or

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Speaker 5: even Intel these days, right, so everything is kind of

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Speaker 5: into linked. You would have to look at some of

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Speaker 5: the indigenous efforts in China if they're capable of getting

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Speaker 5: to that capability.

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Speaker 1: Bloomberg, Zlee, and King. There now affected chip makers would

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Speaker 1: include in video and advanced micro devices in China, consumer

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Speaker 1: and producer price index figure show once again deflationary pressure.

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Speaker 1: Here is shau chiu Jur, chief China economist at Credit

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Speaker 1: Agricole Onetory Easy.

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Speaker 2: We'll have to come through the PBOC and Thepolburo has

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Speaker 2: already mentioned they are going to implement this moderately loose

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Speaker 2: monetary policies in twenty twenty five, so we are going

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Speaker 2: to steal. Are likely to see more of no policy

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Speaker 2: ray culture pod as well as you know, the PBOC

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Speaker 2: has its room to expand its balance sheet in twenty

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Speaker 2: twenty five.

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Speaker 1: That is shau Jojur, chief China economist at Credit Agricol

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Speaker 1: Now China CPI inflation last month was positive one tenth

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Speaker 1: of one percent year on year, but lower the the

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Speaker 1: two tenths of one percent reading in November and then

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Speaker 1: at the wholesale level in December, PPI was down at

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Speaker 1: an annual rate of two point three percent. FED officials

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Speaker 1: will be moving more slowly on rate cuts in the

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Speaker 1: coming months. That's the key takeaway from minutes of the

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Speaker 1: last FED meeting. Here is Bloomberg's Michael McKee.

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Speaker 3: The President elect isn't mentioned by name, but the minute

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Speaker 3: show FED officials spent a lot of time discussing the

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Speaker 3: possible impacts of his potential fiscal policies.

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Speaker 1: Quote.

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Speaker 3: Almost all participants judged that the upside risks to the

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Speaker 3: inflation outlook had increased. The minute say they cited recent

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Speaker 3: stronger than expected readings on inflation and the likely effects

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Speaker 3: of potential changes in trade and immigration policy. A phrase

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Speaker 3: that appears several times in the minutes.

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Speaker 1: That is Bloomberg's Michael McKee reporting Now, the fed's latest

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Speaker 1: forecast is predicting two rate cuts in twenty twenty five.

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Speaker 1: That is down from the four that were previously projected.

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Speaker 1: Metaplatforms will be publishing e Bay listings on Facebook Marketplace

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Speaker 1: in Germany, France and the US. This is the result

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Speaker 1: of an EU decision to stop Meta from tying its

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Speaker 1: classified ad service to Facebook social media platform and imposing

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Speaker 1: unfair trading conditions on rivals. Here is Bloomberg analyst Punham

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Speaker 1: Goiel on what it means for eBay.

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Speaker 4: So, if you think about what eBay will push onto

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Speaker 4: the Facebook marketplace, I think it's going to be their

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Speaker 4: promoted listings. Now there's two benefits of that. When they

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Speaker 4: push forward a promoted listing, they get the take rate

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Speaker 4: right from just selling the product on eBay or on

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Speaker 4: Meta through eBay, and they also get AD revenue, so

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Speaker 4: you get two in one. So I think if this happens,

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Speaker 4: and if it has staying power, there is a huge

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Speaker 4: opportunity for not only eBay's GMB, but also its revenue

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Speaker 4: as a take rate rises for more AD revenues.

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Speaker 1: Punham Goiel from Bloomberg Intelligence. Now, despite those changes, Meta

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Speaker 1: is still pursuing an appeal against the EU's decision. It

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Speaker 1: came with a fine of more than eight hundred million dollars.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisner, and this is Bloomberg