Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with the push to end the war
Speaker 3: in Ukraine. White House Special Envoice Steve Whitcoff is in
Speaker 3: Moscow today. He is set to meet with Russian President
Speaker 3: Vladimir Putin to discuss the latest proposal to end the fighting,
Speaker 3: after weekend negotiations with Ukrainian officials in Florida. We get
Speaker 3: more from Bloomberg's bolash Pens.
Speaker 4: It's been a period of very intense diploma sieves from
Speaker 4: very very high level, high stakes meetings ever since the
Speaker 4: publication of President Trump's twenty eight point plan to bring
Speaker 4: a halt to this war. And as we have heard
Speaker 4: from President Zelenski, it does seem like the US and
Speaker 4: Ukraine are now at least in broad agreement over the
Speaker 4: outlines of the plan, and the two sides were able
Speaker 4: to get something that's closer to what they want to see.
Speaker 5: It's Bloomberg's bolash Pens.
Speaker 6: Now.
Speaker 3: Ahead of Todays, Putin claimed that Russian troops have taken
Speaker 3: over the city of Pakroftsk in Ukraine's Eastern Dawn Boss region.
Speaker 3: Ukraine's military denies it and says the fighting is still
Speaker 3: ongoing in the city. Bloomberg News is unable to verify
Speaker 3: either claim. A takeover would be Russia's most significant battlefield
Speaker 3: advance in nearly two years.
Speaker 2: Well Nathan, A military strike on this side of the
Speaker 2: world is continuing to draw scrutiny. Now. The White House
Speaker 2: is defending Defense Secretary Pete Hegseth following a Washington Post
Speaker 2: report that he ordered everyone killed on a suspected drug
Speaker 2: running boat in the Caribbean. White House Press Secretary Caroline
Speaker 2: Lovett is confirming there was a second strike on the vessel.
Speaker 7: The strike, conducted on September second, was conducted in self
Speaker 7: defense to protect Americans in vital United States interests. The
Speaker 7: strike was conducted in international waters and in accordance with
Speaker 7: the law of armed conflict.
Speaker 2: And White House spokesman Caroline Levitt says the strike was
Speaker 2: ordered by Navy Admiral Frank Bradley, not hag set The
Speaker 2: lawmakers are pressing for hearings on the second strike. Adam
Speaker 2: Smith is a top Democrat in the House Armed Services Committee.
Speaker 5: Admiral Bradley's coming in this week to talk to us.
Speaker 3: That's I think where we're going to first get the information,
Speaker 3: and then I think we should go higher up the
Speaker 3: chain of command.
Speaker 2: Democratic Congressman Adam Smith spoke to ABC News. Rapport to
Speaker 2: the second strike have led to accusations of war rhymes
Speaker 2: in the Trump administration's deadly anti cartel campaign.
Speaker 3: Turning the markets now, Karen, Futures are higher this morning,
Speaker 3: but stock's kicked off the month of December with losses.
Speaker 3: The S and P five hundred fell a half percent.
Speaker 3: Cameron Dawson is chief investment strategist at New Edge Wealth.
Speaker 8: If the riskiest parts of the.
Speaker 9: Market are starting to show a bit more risk off tone,
Speaker 9: it raises questions about an equity market that's trading at
Speaker 9: very high valuations. But we would note that if you
Speaker 9: look at positioning metrics for the SMP and broader equities,
Speaker 9: they still remain just neutral or even underweight for some investors.
Speaker 9: So we're still in the camp that any dips are
Speaker 9: likely to be bought rather quickly, but that doesn't mean
Speaker 9: that you won't get volatility.
Speaker 10: Along the way.
Speaker 5: New Edge Well, it's Cameron Dawson.
Speaker 3: Now, December is historically a good month for stocks according
Speaker 3: to CFRA since nineteen ninety The S and P five
Speaker 3: hundred recorded its second best average price return in December.
Speaker 2: Well, Nathan, we are seeing some stabilization in the cryptocurrency
Speaker 2: Marcus this morning, following yesterday's five percent sell off in Bitcoin.
Speaker 2: Right now Bitcoin is at eighty six eight hundred dollars.
Speaker 2: It is higher a four tenths of percent Bloomberg Intelligence,
Speaker 2: as Mike mcgloan says, it may be heading lower though.
Speaker 8: Right now, Bitcoin's about fifteen percent below it's fifty fifty
Speaker 8: week moving average. It's rolled over and the SMB five
Speaker 8: hundred and twelve percent above it's the same moving average.
Speaker 8: We have never had midcoin drop at this velocity since
Speaker 8: Feature's word launched in twenty seventeen without the stock market falling,
Speaker 8: and that might mean the bitcoin's set to steal be
Speaker 8: the grinch that stole Christmas.
Speaker 2: Mike mcgloane with Bloomberg Intelligence, as Bitcoin could fall as
Speaker 2: low as fifty thousand dollars before the end of the year.
Speaker 3: Let'sying look at some stocks to watch. Karen Shares of
Speaker 3: Bayer are up eleven percent in Germany, the Trump administration
Speaker 3: has urged the Supreme Court to considered the German company's
Speaker 3: appeal targeting thousands of lawsuits blaming its Roundup weed killer
Speaker 3: for causing cancer. Beyer inherited the weed killer and its
Speaker 3: sixty three billion dollar acquisition of Monsanto in twenty eighteen.
Speaker 3: The company has already shelled out more than ten billion
Speaker 3: dollars in verdicts and sential its over the herbicide.
Speaker 2: Well Nathanamazon dot Com plans to offer deliveries of hundreds
Speaker 2: of household items within thirty minutes in a test program
Speaker 2: beginning in Philadelphia and its home city of Seattle. Bloomber's
Speaker 2: John Tucker reports.
Speaker 11: Those household items include some fresh groceries and over the
Speaker 11: counter medicines. The company says it will use specialized smaller
Speaker 11: facilities for the deliveries. The fee will start at thirteen
Speaker 11: ninety nine, discounted to three ninety nine for Prime members.
Speaker 11: Amazon has a long history of experimenting with quick delivery
Speaker 11: from specialized urban facilities stock with inventory similar to the
Speaker 11: products sold by convenience stores and pharmacies. I'm John Tucker
Speaker 11: Bloomberg Radio.
Speaker 3: Okay, John, thank you. Tesla is in the spotlight as well.
Speaker 3: This morning investor Michael Burry is betting against shares of
Speaker 3: the ev makers, saying they are quote ridiculously overvalued end quote.
Speaker 3: Burry is also warning that Tesla CEO Elon Musk's proposed
Speaker 3: trillion dollar pay package would worsen shareholder dilution. Burry, you
Speaker 3: may recall, is best known for correctly betting against the
Speaker 3: US housing market during the two thousand and eight financial crisis.
Speaker 2: Nathan Warner Brothers Discovery is fielding a second round of biz,
Speaker 2: and Bloomberg News has learned one of them includes a
Speaker 2: mostly cash offer from Netflix. Sources a banker's for paramount
Speaker 2: sky Dance. Comcast and Netflix worked over the long Thanksgiving
Speaker 2: weekend on improved offers for all or part of Warner Brothers,
Speaker 2: the parent of HBO CNN in its namesake Film Studio,
Speaker 2: officially put itself up for sale in October after receiving
Speaker 2: multiple unsolicited offers for all or part of the company.
Speaker 3: Certain the economy now karen just over a week away
Speaker 3: from the fed's final policy decision of the year, and
Speaker 3: traders are pricing in a ninety five percent chance they'll
Speaker 3: decide on a rate cut. Kathy Jones is chief fixed
Speaker 3: income strategistic Charles Schwab.
Speaker 12: I think my biggest concern is that the Fed may
Speaker 12: is too much too soon, and cape inflation and inflation
Speaker 12: expectations elevated, and that will give us a steper yield curve.
Speaker 3: It's Charles Swabs, Kathy Jones. Check the tenuere treasure yield
Speaker 3: right now? Is it four point zero eight percent?
Speaker 2: I'm now for look at some of the other stories
Speaker 2: making news in New York and around the world, and
Speaker 2: for there we're joined by Bloomberg's Michael Barr.
Speaker 5: Michael, good Morning, Good morning Karon.
Speaker 6: The man charged with killing United Healthcare CEO Brian Thompson
Speaker 6: is due back in court in New York City for
Speaker 6: a hearing today. Defense attorneys for Luigi Mangioni are trying
Speaker 6: to limit prosecutors from using key evidence that includes a
Speaker 6: three D printed gun and purported journal writings say they
Speaker 6: found in a backpack when they arrested him in Pennsylvania
Speaker 6: last year. Homeland Security Secretary Christy nom says she's recommending
Speaker 6: widening a travel ban on third world countries. Meanwhile, after
Speaker 6: the shooting of two National Guard troops last week in Washington,
Speaker 6: d C. The White House says it will pause asylum
Speaker 6: applications among other forms of legal immigration. The Trump administration
Speaker 6: talked about deporting those who don't align with the US
Speaker 6: national identity. White House Press Secretary Caroline Levett at a news.
Speaker 13: Briefing, I'll tell you what does not add to our
Speaker 13: nation's character and integrity is refugees who come here under
Speaker 13: the alleged plight of asylum and fleeing persecution, and then
Speaker 13: come to the United States to abuse our system and
Speaker 13: rip off American taxpayers.
Speaker 6: The suspect in the shooting is an Afghan national who
Speaker 6: came to the US in twenty twenty one. He was
Speaker 6: granted asylum in April of twenty twenty five. President trump'sa's lawyer,
Speaker 6: Alena Habbab, has been disqualified from serving as New Jersey's
Speaker 6: top federal prosecutor. Federal Appeals Court said the Trump administration's
Speaker 6: maneuvers to keep Haba in the role were contrary to
Speaker 6: federal laws governing appointments. A new study finds kids who
Speaker 6: are given cell phones before age twelve are more likely
Speaker 6: to experience depression, obesity, and sleep struggles than those who
Speaker 6: get phones later in life. Stanford University physician doctor Alok
Speaker 6: Ptel says The study tracked phone usage among kids as
Speaker 6: young as eight or nine years old.
Speaker 5: The longer they actually had a cell phone, the more
Speaker 5: they were using these smartphones, the worse the potential outcomes,
Speaker 5: the higher the risk.
Speaker 6: The report by the Adolescent Brain Cognitive Development Study was
Speaker 6: published in the journal Pediatrics. Global News twenty four hours
Speaker 6: a day and whenever you wanted with the Bloomberg News. Now,
Speaker 6: Michael Barn, this is Bloomberg Heart.
Speaker 5: Thanks Michael.
Speaker 2: Time now for our Bloomberg Sports updating. For that, we
Speaker 2: bring in John Stashauer.
Speaker 14: Thanks Keren mother By. Football figure to be a mismatch,
Speaker 14: and it was. The Patriots are eleven and two, they've
Speaker 14: won ten in a row. The Giants are two and eleven,
Speaker 14: they've lost seven in a row. New England was ahead
Speaker 14: thirty to seven by halftime, went onto the easy thirty
Speaker 14: three to fifteen victory. A baseball free agent signing the
Speaker 14: release pitcher Devin Williams pitched last season for the Yankees.
Speaker 14: He'll now pitch for the Mets. Signed a three year
Speaker 14: deal for fifty one million. Mark Steub's longtime coach at
Speaker 14: Kentucky fired. The Wildcats are aiming to hire Oregon offensive
Speaker 14: Cornder will Stein. That's a Bloomberg Sports update.
Speaker 5: Stay with us.
Speaker 2: More from Bloomberg day Break 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.
Speaker 5: This is Bloomberg Daybreak. Good morning on Nathan Hager Shuttle.
Speaker 3: Diplomacy continues in the push to end the war in Ukraine.
Speaker 3: This morning, US Envoy Steve Witkoff is set to meet
Speaker 3: with Russian President Vladimir Putin on the latest peace plan.
Speaker 3: White House Press Secretary Caroline Levy it says the administration
Speaker 3: is optimistic.
Speaker 15: The President's entire team, including Special Envoy Witkoff and Secretary
Speaker 15: Rubio and the Vice President and the President himself Secretary
Speaker 15: Haig Seth as well, have been working so hard on
Speaker 15: this effort and they all really want to see this war.
Speaker 2: Come to an end.
Speaker 3: Press Secretary Caroline Levitt at the White House joining us
Speaker 3: now as Bloomberg News Russia team leader Tony Haupin. Tony,
Speaker 3: it's great to speak with you this morning after we
Speaker 3: heard from Ukraine's President Vladimir Lensky saying the latest plan
Speaker 3: looks better after a weekend talks in Florida. Do we
Speaker 3: have any indication that Russia is going to feel the
Speaker 3: same way?
Speaker 10: Good morning. Yes, Well, we have Steve Wikoff, as you say,
Speaker 10: having his sixth meeting this year with President Vladimir Putin
Speaker 10: in Moscow. He's due to arrive later this afternoon Moscow time.
Speaker 10: Putin has signaled an openness to talks. He said that
Speaker 10: the proposals set out that he's seen from the US
Speaker 10: could be the basis for future negotiations and agreements. But
Speaker 10: since he says there's no final yet, he can't give
Speaker 10: a clear answer on that. Still, we haven't seen any
Speaker 10: signs so far that he's ready to roll back any
Speaker 10: of Russia's demands in regards to Ukraine.
Speaker 3: And in the midst of this, we've gotten reports from
Speaker 3: Putin himself ahead of these talks that Russia's taken over
Speaker 3: the eastern Danbas city of Percrafts. Do we have any
Speaker 3: confirmation that that has indeed happened.
Speaker 10: No, I mean, Ukraine in fact denies that that's the case,
Speaker 10: that his forces have lost the city. It's been contested
Speaker 10: for many months. There's certainly no doubt that Russian forces
Speaker 10: are in the city of Percross, but whether they've succeeded
Speaker 10: in taking it fully yet we don't have confirmation on
Speaker 10: That's one of the issues for Pusin. Of course, he
Speaker 10: wants the whole of that eastern the next region of Ukraine,
Speaker 10: and Cross has been one of those contested cities, it's
Speaker 10: not the only one. It's still an issue clearly for
Speaker 10: discussion at the negotiating table.
Speaker 2: Now.
Speaker 3: I guess that raises a question as well about whether
Speaker 3: that would bring the original twenty eight point plan that
Speaker 3: apparently was hammered out between the US and Russia, whether
Speaker 3: that could come back into play now that seems unlikely.
Speaker 10: It was so vehemently rejected by both Ukraine and Europe.
Speaker 10: There were many points in that that Kiev has repeatedly
Speaker 10: refused to accept. So the points have being hammered down
Speaker 10: to nineteen I think currently, and that seems to be
Speaker 10: the basis on which Ifter Wikoff will be talking with
Speaker 10: President Putin later today.
Speaker 3: So it's going to be a Steve Witcoff, as you say,
Speaker 3: his sixth visit to Moscow. In the meantime, Secretary of
Speaker 3: State Rubio has been in talks with Ukrainian officials should
Speaker 3: we read anything into the fact that it's Witkoff as
Speaker 3: a point person with Russia and Secretary Rubio apparently is
Speaker 3: a point person to some extent with Ukraine.
Speaker 10: I mean, yes, that's an interesting dynamic. As you say,
Speaker 10: Steve Witkoff and Kremlin Envoy Dimitri I have struck up
Speaker 10: some kind of relationship that seems to mean that Russia
Speaker 10: is comfortable in talking with mister Whidcoff and sexuar Estate
Speaker 10: Rubio is clearly someone of the Ukraine feels that they
Speaker 10: can negotiate directly and frankly with. But this is one
Speaker 10: of the issues. I think that the US still needs
Speaker 10: to get both sides to agreement on a common piece
Speaker 10: of paper, and so far we don't see that that's appearing,
Speaker 10: and whether it does at the end of the day
Speaker 10: is obviously something we're closely watching.
Speaker 2: This is Bloomberg Daybreak, your morning podcast and the stories
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Speaker 5: I'm Karen Moscow and I'm Nathan Hager.
Speaker 3: Join us again tomorrow morning for all the news you
Speaker 3: need to start your day right here on Bloomberg Day
Speaker 3: Ray