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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the push to end the war

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Speaker 3: in Ukraine. White House Special Envoice Steve Whitcoff is in

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Speaker 3: Moscow today. He is set to meet with Russian President

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Speaker 3: Vladimir Putin to discuss the latest proposal to end the fighting,

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Speaker 3: after weekend negotiations with Ukrainian officials in Florida. We get

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Speaker 3: more from Bloomberg's bolash Pens.

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Speaker 4: It's been a period of very intense diploma sieves from

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Speaker 4: very very high level, high stakes meetings ever since the

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Speaker 4: publication of President Trump's twenty eight point plan to bring

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Speaker 4: a halt to this war. And as we have heard

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Speaker 4: from President Zelenski, it does seem like the US and

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Speaker 4: Ukraine are now at least in broad agreement over the

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Speaker 4: outlines of the plan, and the two sides were able

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Speaker 4: to get something that's closer to what they want to see.

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Speaker 5: It's Bloomberg's bolash Pens.

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Speaker 6: Now.

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Speaker 3: Ahead of Todays, Putin claimed that Russian troops have taken

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Speaker 3: over the city of Pakroftsk in Ukraine's Eastern Dawn Boss region.

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Speaker 3: Ukraine's military denies it and says the fighting is still

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Speaker 3: ongoing in the city. Bloomberg News is unable to verify

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Speaker 3: either claim. A takeover would be Russia's most significant battlefield

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Speaker 3: advance in nearly two years.

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Speaker 2: Well Nathan, A military strike on this side of the

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Speaker 2: world is continuing to draw scrutiny. Now. The White House

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Speaker 2: is defending Defense Secretary Pete Hegseth following a Washington Post

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Speaker 2: report that he ordered everyone killed on a suspected drug

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Speaker 2: running boat in the Caribbean. White House Press Secretary Caroline

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Speaker 2: Lovett is confirming there was a second strike on the vessel.

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Speaker 7: The strike, conducted on September second, was conducted in self

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Speaker 7: defense to protect Americans in vital United States interests. The

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Speaker 7: strike was conducted in international waters and in accordance with

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Speaker 7: the law of armed conflict.

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Speaker 2: And White House spokesman Caroline Levitt says the strike was

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Speaker 2: ordered by Navy Admiral Frank Bradley, not hag set The

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Speaker 2: lawmakers are pressing for hearings on the second strike. Adam

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Speaker 2: Smith is a top Democrat in the House Armed Services Committee.

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Speaker 5: Admiral Bradley's coming in this week to talk to us.

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Speaker 3: That's I think where we're going to first get the information,

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Speaker 3: and then I think we should go higher up the

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Speaker 3: chain of command.

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Speaker 2: Democratic Congressman Adam Smith spoke to ABC News. Rapport to

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Speaker 2: the second strike have led to accusations of war rhymes

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Speaker 2: in the Trump administration's deadly anti cartel campaign.

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Speaker 3: Turning the markets now, Karen, Futures are higher this morning,

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Speaker 3: but stock's kicked off the month of December with losses.

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Speaker 3: The S and P five hundred fell a half percent.

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Speaker 3: Cameron Dawson is chief investment strategist at New Edge Wealth.

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Speaker 8: If the riskiest parts of the.

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Speaker 9: Market are starting to show a bit more risk off tone,

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Speaker 9: it raises questions about an equity market that's trading at

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Speaker 9: very high valuations. But we would note that if you

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Speaker 9: look at positioning metrics for the SMP and broader equities,

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Speaker 9: they still remain just neutral or even underweight for some investors.

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Speaker 9: So we're still in the camp that any dips are

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Speaker 9: likely to be bought rather quickly, but that doesn't mean

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Speaker 9: that you won't get volatility.

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Speaker 10: Along the way.

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Speaker 5: New Edge Well, it's Cameron Dawson.

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Speaker 3: Now, December is historically a good month for stocks according

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Speaker 3: to CFRA since nineteen ninety The S and P five

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Speaker 3: hundred recorded its second best average price return in December.

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Speaker 2: Well, Nathan, we are seeing some stabilization in the cryptocurrency

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Speaker 2: Marcus this morning, following yesterday's five percent sell off in Bitcoin.

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Speaker 2: Right now Bitcoin is at eighty six eight hundred dollars.

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Speaker 2: It is higher a four tenths of percent Bloomberg Intelligence,

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Speaker 2: as Mike mcgloan says, it may be heading lower though.

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Speaker 8: Right now, Bitcoin's about fifteen percent below it's fifty fifty

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Speaker 8: week moving average. It's rolled over and the SMB five

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Speaker 8: hundred and twelve percent above it's the same moving average.

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Speaker 8: We have never had midcoin drop at this velocity since

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Speaker 8: Feature's word launched in twenty seventeen without the stock market falling,

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Speaker 8: and that might mean the bitcoin's set to steal be

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Speaker 8: the grinch that stole Christmas.

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Speaker 2: Mike mcgloane with Bloomberg Intelligence, as Bitcoin could fall as

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Speaker 2: low as fifty thousand dollars before the end of the year.

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Speaker 3: Let'sying look at some stocks to watch. Karen Shares of

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Speaker 3: Bayer are up eleven percent in Germany, the Trump administration

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Speaker 3: has urged the Supreme Court to considered the German company's

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Speaker 3: appeal targeting thousands of lawsuits blaming its Roundup weed killer

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Speaker 3: for causing cancer. Beyer inherited the weed killer and its

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Speaker 3: sixty three billion dollar acquisition of Monsanto in twenty eighteen.

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Speaker 3: The company has already shelled out more than ten billion

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Speaker 3: dollars in verdicts and sential its over the herbicide.

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Speaker 2: Well Nathanamazon dot Com plans to offer deliveries of hundreds

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Speaker 2: of household items within thirty minutes in a test program

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Speaker 2: beginning in Philadelphia and its home city of Seattle. Bloomber's

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Speaker 2: John Tucker reports.

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Speaker 11: Those household items include some fresh groceries and over the

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Speaker 11: counter medicines. The company says it will use specialized smaller

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Speaker 11: facilities for the deliveries. The fee will start at thirteen

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Speaker 11: ninety nine, discounted to three ninety nine for Prime members.

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Speaker 11: Amazon has a long history of experimenting with quick delivery

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Speaker 11: from specialized urban facilities stock with inventory similar to the

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Speaker 11: products sold by convenience stores and pharmacies. I'm John Tucker

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Speaker 11: Bloomberg Radio.

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Speaker 3: Okay, John, thank you. Tesla is in the spotlight as well.

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Speaker 3: This morning investor Michael Burry is betting against shares of

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Speaker 3: the ev makers, saying they are quote ridiculously overvalued end quote.

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Speaker 3: Burry is also warning that Tesla CEO Elon Musk's proposed

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Speaker 3: trillion dollar pay package would worsen shareholder dilution. Burry, you

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Speaker 3: may recall, is best known for correctly betting against the

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Speaker 3: US housing market during the two thousand and eight financial crisis.

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Speaker 2: Nathan Warner Brothers Discovery is fielding a second round of biz,

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Speaker 2: and Bloomberg News has learned one of them includes a

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Speaker 2: mostly cash offer from Netflix. Sources a banker's for paramount

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Speaker 2: sky Dance. Comcast and Netflix worked over the long Thanksgiving

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Speaker 2: weekend on improved offers for all or part of Warner Brothers,

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Speaker 2: the parent of HBO CNN in its namesake Film Studio,

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Speaker 2: officially put itself up for sale in October after receiving

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Speaker 2: multiple unsolicited offers for all or part of the company.

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Speaker 3: Certain the economy now karen just over a week away

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Speaker 3: from the fed's final policy decision of the year, and

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Speaker 3: traders are pricing in a ninety five percent chance they'll

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Speaker 3: decide on a rate cut. Kathy Jones is chief fixed

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Speaker 3: income strategistic Charles Schwab.

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Speaker 12: I think my biggest concern is that the Fed may

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Speaker 12: is too much too soon, and cape inflation and inflation

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Speaker 12: expectations elevated, and that will give us a steper yield curve.

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Speaker 3: It's Charles Swabs, Kathy Jones. Check the tenuere treasure yield

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Speaker 3: right now? Is it four point zero eight percent?

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Speaker 2: I'm now for look at some of the other stories

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Speaker 2: making news in New York and around the world, and

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Speaker 2: for there we're joined by Bloomberg's Michael Barr.

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Speaker 5: Michael, good Morning, Good morning Karon.

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Speaker 6: The man charged with killing United Healthcare CEO Brian Thompson

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Speaker 6: is due back in court in New York City for

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Speaker 6: a hearing today. Defense attorneys for Luigi Mangioni are trying

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Speaker 6: to limit prosecutors from using key evidence that includes a

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Speaker 6: three D printed gun and purported journal writings say they

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Speaker 6: found in a backpack when they arrested him in Pennsylvania

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Speaker 6: last year. Homeland Security Secretary Christy nom says she's recommending

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Speaker 6: widening a travel ban on third world countries. Meanwhile, after

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Speaker 6: the shooting of two National Guard troops last week in Washington,

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Speaker 6: d C. The White House says it will pause asylum

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Speaker 6: applications among other forms of legal immigration. The Trump administration

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Speaker 6: talked about deporting those who don't align with the US

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Speaker 6: national identity. White House Press Secretary Caroline Levett at a news.

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Speaker 13: Briefing, I'll tell you what does not add to our

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Speaker 13: nation's character and integrity is refugees who come here under

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Speaker 13: the alleged plight of asylum and fleeing persecution, and then

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Speaker 13: come to the United States to abuse our system and

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Speaker 13: rip off American taxpayers.

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Speaker 6: The suspect in the shooting is an Afghan national who

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Speaker 6: came to the US in twenty twenty one. He was

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Speaker 6: granted asylum in April of twenty twenty five. President trump'sa's lawyer,

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Speaker 6: Alena Habbab, has been disqualified from serving as New Jersey's

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Speaker 6: top federal prosecutor. Federal Appeals Court said the Trump administration's

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Speaker 6: maneuvers to keep Haba in the role were contrary to

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Speaker 6: federal laws governing appointments. A new study finds kids who

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Speaker 6: are given cell phones before age twelve are more likely

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Speaker 6: to experience depression, obesity, and sleep struggles than those who

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Speaker 6: get phones later in life. Stanford University physician doctor Alok

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Speaker 6: Ptel says The study tracked phone usage among kids as

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Speaker 6: young as eight or nine years old.

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Speaker 5: The longer they actually had a cell phone, the more

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Speaker 5: they were using these smartphones, the worse the potential outcomes,

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Speaker 5: the higher the risk.

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Speaker 6: The report by the Adolescent Brain Cognitive Development Study was

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Speaker 6: published in the journal Pediatrics. Global News twenty four hours

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Speaker 6: a day and whenever you wanted with the Bloomberg News. Now,

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Speaker 6: Michael Barn, this is Bloomberg Heart.

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Speaker 5: Thanks Michael.

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Speaker 2: Time now for our Bloomberg Sports updating. For that, we

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Speaker 2: bring in John Stashauer.

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Speaker 14: Thanks Keren mother By. Football figure to be a mismatch,

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Speaker 14: and it was. The Patriots are eleven and two, they've

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Speaker 14: won ten in a row. The Giants are two and eleven,

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Speaker 14: they've lost seven in a row. New England was ahead

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Speaker 14: thirty to seven by halftime, went onto the easy thirty

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Speaker 14: three to fifteen victory. A baseball free agent signing the

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Speaker 14: release pitcher Devin Williams pitched last season for the Yankees.

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Speaker 14: He'll now pitch for the Mets. Signed a three year

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Speaker 14: deal for fifty one million. Mark Steub's longtime coach at

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Speaker 14: Kentucky fired. The Wildcats are aiming to hire Oregon offensive

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Speaker 14: Cornder will Stein. That's a Bloomberg Sports update.

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Speaker 5: Stay with us.

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Speaker 2: More from Bloomberg day Break coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app.

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Speaker 5: This is Bloomberg Daybreak. Good morning on Nathan Hager Shuttle.

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Speaker 3: Diplomacy continues in the push to end the war in Ukraine.

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Speaker 3: This morning, US Envoy Steve Witkoff is set to meet

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Speaker 3: with Russian President Vladimir Putin on the latest peace plan.

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Speaker 3: White House Press Secretary Caroline Levy it says the administration

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Speaker 3: is optimistic.

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Speaker 15: The President's entire team, including Special Envoy Witkoff and Secretary

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Speaker 15: Rubio and the Vice President and the President himself Secretary

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Speaker 15: Haig Seth as well, have been working so hard on

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Speaker 15: this effort and they all really want to see this war.

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Speaker 2: Come to an end.

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Speaker 3: Press Secretary Caroline Levitt at the White House joining us

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Speaker 3: now as Bloomberg News Russia team leader Tony Haupin. Tony,

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Speaker 3: it's great to speak with you this morning after we

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Speaker 3: heard from Ukraine's President Vladimir Lensky saying the latest plan

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Speaker 3: looks better after a weekend talks in Florida. Do we

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Speaker 3: have any indication that Russia is going to feel the

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Speaker 3: same way?

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Speaker 10: Good morning. Yes, Well, we have Steve Wikoff, as you say,

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Speaker 10: having his sixth meeting this year with President Vladimir Putin

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Speaker 10: in Moscow. He's due to arrive later this afternoon Moscow time.

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Speaker 10: Putin has signaled an openness to talks. He said that

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Speaker 10: the proposals set out that he's seen from the US

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Speaker 10: could be the basis for future negotiations and agreements. But

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Speaker 10: since he says there's no final yet, he can't give

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Speaker 10: a clear answer on that. Still, we haven't seen any

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Speaker 10: signs so far that he's ready to roll back any

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Speaker 10: of Russia's demands in regards to Ukraine.

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Speaker 3: And in the midst of this, we've gotten reports from

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Speaker 3: Putin himself ahead of these talks that Russia's taken over

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Speaker 3: the eastern Danbas city of Percrafts. Do we have any

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Speaker 3: confirmation that that has indeed happened.

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Speaker 10: No, I mean, Ukraine in fact denies that that's the case,

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Speaker 10: that his forces have lost the city. It's been contested

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Speaker 10: for many months. There's certainly no doubt that Russian forces

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Speaker 10: are in the city of Percross, but whether they've succeeded

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Speaker 10: in taking it fully yet we don't have confirmation on

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Speaker 10: That's one of the issues for Pusin. Of course, he

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Speaker 10: wants the whole of that eastern the next region of Ukraine,

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Speaker 10: and Cross has been one of those contested cities, it's

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Speaker 10: not the only one. It's still an issue clearly for

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Speaker 10: discussion at the negotiating table.

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Speaker 2: Now.

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Speaker 3: I guess that raises a question as well about whether

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Speaker 3: that would bring the original twenty eight point plan that

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Speaker 3: apparently was hammered out between the US and Russia, whether

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Speaker 3: that could come back into play now that seems unlikely.

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Speaker 10: It was so vehemently rejected by both Ukraine and Europe.

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Speaker 10: There were many points in that that Kiev has repeatedly

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Speaker 10: refused to accept. So the points have being hammered down

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Speaker 10: to nineteen I think currently, and that seems to be

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Speaker 10: the basis on which Ifter Wikoff will be talking with

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Speaker 10: President Putin later today.

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Speaker 3: So it's going to be a Steve Witcoff, as you say,

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Speaker 3: his sixth visit to Moscow. In the meantime, Secretary of

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Speaker 3: State Rubio has been in talks with Ukrainian officials should

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Speaker 3: we read anything into the fact that it's Witkoff as

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Speaker 3: a point person with Russia and Secretary Rubio apparently is

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Speaker 3: a point person to some extent with Ukraine.

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Speaker 10: I mean, yes, that's an interesting dynamic. As you say,

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Speaker 10: Steve Witkoff and Kremlin Envoy Dimitri I have struck up

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Speaker 10: some kind of relationship that seems to mean that Russia

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Speaker 10: is comfortable in talking with mister Whidcoff and sexuar Estate

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Speaker 10: Rubio is clearly someone of the Ukraine feels that they

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Speaker 10: can negotiate directly and frankly with. But this is one

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Speaker 10: of the issues. I think that the US still needs

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Speaker 10: to get both sides to agreement on a common piece

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Speaker 10: of paper, and so far we don't see that that's appearing,

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Speaker 10: and whether it does at the end of the day

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Speaker 10: is obviously something we're closely watching.

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Speaker 5: I'm Karen Moscow and I'm Nathan Hager.

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Speaker 3: Ray