WEBVTT - US Envoy Witkoff Heads to Moscow; White House Defends 'Second Strike'

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with the push to end the war

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<v Speaker 3>in Ukraine. White House Special Envoice Steve Whitcoff is in

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<v Speaker 3>Moscow today. He is set to meet with Russian President

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<v Speaker 3>Vladimir Putin to discuss the latest proposal to end the fighting,

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<v Speaker 3>after weekend negotiations with Ukrainian officials in Florida. We get

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<v Speaker 3>more from Bloomberg's bolash Pens.

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<v Speaker 4>It's been a period of very intense diploma sieves from

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<v Speaker 4>very very high level, high stakes meetings ever since the

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<v Speaker 4>publication of President Trump's twenty eight point plan to bring

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<v Speaker 4>a halt to this war. And as we have heard

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<v Speaker 4>from President Zelenski, it does seem like the US and

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<v Speaker 4>Ukraine are now at least in broad agreement over the

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<v Speaker 4>outlines of the plan, and the two sides were able

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<v Speaker 4>to get something that's closer to what they want to see.

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<v Speaker 5>It's Bloomberg's bolash Pens.

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<v Speaker 6>Now.

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<v Speaker 3>Ahead of Todays, Putin claimed that Russian troops have taken

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

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<v Speaker 3>Ukraine's military denies it and says the fighting is still

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<v Speaker 3>ongoing in the city. Bloomberg News is unable to verify

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<v Speaker 3>either claim. A takeover would be Russia's most significant battlefield

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<v Speaker 3>advance in nearly two years.

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<v Speaker 2>Well Nathan, A military strike on this side of the

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<v Speaker 2>world is continuing to draw scrutiny. Now. The White House

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<v Speaker 2>is defending Defense Secretary Pete Hegseth following a Washington Post

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<v Speaker 2>report that he ordered everyone killed on a suspected drug

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<v Speaker 2>running boat in the Caribbean. White House Press Secretary Caroline

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<v Speaker 2>Lovett is confirming there was a second strike on the vessel.

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<v Speaker 7>The strike, conducted on September second, was conducted in self

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<v Speaker 7>defense to protect Americans in vital United States interests. The

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<v Speaker 7>strike was conducted in international waters and in accordance with

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<v Speaker 7>the law of armed conflict.

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<v Speaker 2>And White House spokesman Caroline Levitt says the strike was

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<v Speaker 2>ordered by Navy Admiral Frank Bradley, not hag set The

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<v Speaker 2>lawmakers are pressing for hearings on the second strike. Adam

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<v Speaker 2>Smith is a top Democrat in the House Armed Services Committee.

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<v Speaker 5>Admiral Bradley's coming in this week to talk to us.

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

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<v Speaker 3>and then I think we should go higher up the

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<v Speaker 3>chain of command.

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<v Speaker 2>Democratic Congressman Adam Smith spoke to ABC News. Rapport to

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<v Speaker 2>the second strike have led to accusations of war rhymes

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<v Speaker 2>in the Trump administration's deadly anti cartel campaign.

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<v Speaker 3>Turning the markets now, Karen, Futures are higher this morning,

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<v Speaker 3>but stock's kicked off the month of December with losses.

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<v Speaker 3>The S and P five hundred fell a half percent.

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<v Speaker 3>Cameron Dawson is chief investment strategist at New Edge Wealth.

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<v Speaker 8>If the riskiest parts of the.

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<v Speaker 9>Market are starting to show a bit more risk off tone,

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<v Speaker 9>it raises questions about an equity market that's trading at

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<v Speaker 9>very high valuations. But we would note that if you

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<v Speaker 9>look at positioning metrics for the SMP and broader equities,

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<v Speaker 9>they still remain just neutral or even underweight for some investors.

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<v Speaker 9>So we're still in the camp that any dips are

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<v Speaker 9>likely to be bought rather quickly, but that doesn't mean

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<v Speaker 9>that you won't get volatility.

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<v Speaker 10>Along the way.

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<v Speaker 5>New Edge Well, it's Cameron Dawson.

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<v Speaker 3>Now, December is historically a good month for stocks according

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<v Speaker 3>to CFRA since nineteen ninety The S and P five

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<v Speaker 3>hundred recorded its second best average price return in December.

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<v Speaker 2>Well, Nathan, we are seeing some stabilization in the cryptocurrency

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

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<v Speaker 2>Right now Bitcoin is at eighty six eight hundred dollars.

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<v Speaker 2>It is higher a four tenths of percent Bloomberg Intelligence,

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<v Speaker 2>as Mike mcgloan says, it may be heading lower though.

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<v Speaker 8>Right now, Bitcoin's about fifteen percent below it's fifty fifty

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<v Speaker 8>week moving average. It's rolled over and the SMB five

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<v Speaker 8>hundred and twelve percent above it's the same moving average.

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<v Speaker 8>We have never had midcoin drop at this velocity since

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

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<v Speaker 8>and that might mean the bitcoin's set to steal be

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<v Speaker 8>the grinch that stole Christmas.

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<v Speaker 2>Mike mcgloane with Bloomberg Intelligence, as Bitcoin could fall as

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<v Speaker 2>low as fifty thousand dollars before the end of the year.

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<v Speaker 3>Let'sying look at some stocks to watch. Karen Shares of

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<v Speaker 3>Bayer are up eleven percent in Germany, the Trump administration

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<v Speaker 3>has urged the Supreme Court to considered the German company's

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<v Speaker 3>appeal targeting thousands of lawsuits blaming its Roundup weed killer

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<v Speaker 3>for causing cancer. Beyer inherited the weed killer and its

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<v Speaker 3>sixty three billion dollar acquisition of Monsanto in twenty eighteen.

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<v Speaker 3>The company has already shelled out more than ten billion

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<v Speaker 3>dollars in verdicts and sential its over the herbicide.

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<v Speaker 2>Well Nathanamazon dot Com plans to offer deliveries of hundreds

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<v Speaker 2>of household items within thirty minutes in a test program

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<v Speaker 2>beginning in Philadelphia and its home city of Seattle. Bloomber's

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<v Speaker 2>John Tucker reports.

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<v Speaker 11>Those household items include some fresh groceries and over the

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<v Speaker 11>counter medicines. The company says it will use specialized smaller

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<v Speaker 11>facilities for the deliveries. The fee will start at thirteen

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<v Speaker 11>ninety nine, discounted to three ninety nine for Prime members.

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<v Speaker 11>Amazon has a long history of experimenting with quick delivery

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<v Speaker 11>from specialized urban facilities stock with inventory similar to the

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<v Speaker 11>products sold by convenience stores and pharmacies. I'm John Tucker

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<v Speaker 11>Bloomberg Radio.

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<v Speaker 3>Okay, John, thank you. Tesla is in the spotlight as well.

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<v Speaker 3>This morning investor Michael Burry is betting against shares of

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<v Speaker 3>the ev makers, saying they are quote ridiculously overvalued end quote.

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<v Speaker 3>Burry is also warning that Tesla CEO Elon Musk's proposed

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<v Speaker 3>trillion dollar pay package would worsen shareholder dilution. Burry, you

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<v Speaker 3>may recall, is best known for correctly betting against the

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<v Speaker 3>US housing market during the two thousand and eight financial crisis.

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<v Speaker 2>Nathan Warner Brothers Discovery is fielding a second round of biz,

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<v Speaker 2>and Bloomberg News has learned one of them includes a

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<v Speaker 2>mostly cash offer from Netflix. Sources a banker's for paramount

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<v Speaker 2>sky Dance. Comcast and Netflix worked over the long Thanksgiving

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<v Speaker 2>weekend on improved offers for all or part of Warner Brothers,

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<v Speaker 2>the parent of HBO CNN in its namesake Film Studio,

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<v Speaker 2>officially put itself up for sale in October after receiving

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<v Speaker 2>multiple unsolicited offers for all or part of the company.

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<v Speaker 3>Certain the economy now karen just over a week away

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<v Speaker 3>from the fed's final policy decision of the year, and

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<v Speaker 3>traders are pricing in a ninety five percent chance they'll

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<v Speaker 3>decide on a rate cut. Kathy Jones is chief fixed

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<v Speaker 3>income strategistic Charles Schwab.

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<v Speaker 12>I think my biggest concern is that the Fed may

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<v Speaker 12>is too much too soon, and cape inflation and inflation

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<v Speaker 12>expectations elevated, and that will give us a steper yield curve.

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

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<v Speaker 3>right now? Is it four point zero eight percent?

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<v Speaker 2>I'm now for look at some of the other stories

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<v Speaker 2>making news in New York and around the world, and

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<v Speaker 2>for there we're joined by Bloomberg's Michael Barr.

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<v Speaker 5>Michael, good Morning, Good morning Karon.

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<v Speaker 6>The man charged with killing United Healthcare CEO Brian Thompson

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<v Speaker 6>is due back in court in New York City for

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<v Speaker 6>a hearing today. Defense attorneys for Luigi Mangioni are trying

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<v Speaker 6>to limit prosecutors from using key evidence that includes a

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<v Speaker 6>three D printed gun and purported journal writings say they

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<v Speaker 6>found in a backpack when they arrested him in Pennsylvania

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<v Speaker 6>last year. Homeland Security Secretary Christy nom says she's recommending

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<v Speaker 6>widening a travel ban on third world countries. Meanwhile, after

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<v Speaker 6>the shooting of two National Guard troops last week in Washington,

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<v Speaker 6>d C. The White House says it will pause asylum

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<v Speaker 6>applications among other forms of legal immigration. The Trump administration

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<v Speaker 6>talked about deporting those who don't align with the US

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<v Speaker 6>national identity. White House Press Secretary Caroline Levett at a news.

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<v Speaker 13>Briefing, I'll tell you what does not add to our

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<v Speaker 13>nation's character and integrity is refugees who come here under

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<v Speaker 13>the alleged plight of asylum and fleeing persecution, and then

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<v Speaker 13>come to the United States to abuse our system and

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<v Speaker 13>rip off American taxpayers.

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<v Speaker 6>The suspect in the shooting is an Afghan national who

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<v Speaker 6>came to the US in twenty twenty one. He was

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

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<v Speaker 6>Alena Habbab, has been disqualified from serving as New Jersey's

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<v Speaker 6>top federal prosecutor. Federal Appeals Court said the Trump administration's

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<v Speaker 6>maneuvers to keep Haba in the role were contrary to

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<v Speaker 6>federal laws governing appointments. A new study finds kids who

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<v Speaker 6>are given cell phones before age twelve are more likely

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<v Speaker 6>to experience depression, obesity, and sleep struggles than those who

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<v Speaker 6>get phones later in life. Stanford University physician doctor Alok

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<v Speaker 6>Ptel says The study tracked phone usage among kids as

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<v Speaker 6>young as eight or nine years old.

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<v Speaker 5>The longer they actually had a cell phone, the more

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<v Speaker 5>they were using these smartphones, the worse the potential outcomes,

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<v Speaker 5>the higher the risk.

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<v Speaker 6>The report by the Adolescent Brain Cognitive Development Study was

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<v Speaker 6>published in the journal Pediatrics. Global News twenty four hours

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<v Speaker 6>a day and whenever you wanted with the Bloomberg News. Now,

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<v Speaker 6>Michael Barn, this is Bloomberg Heart.

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<v Speaker 5>Thanks Michael.

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<v Speaker 2>Time now for our Bloomberg Sports updating. For that, we

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<v Speaker 2>bring in John Stashauer.

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<v Speaker 14>Thanks Keren mother By. Football figure to be a mismatch,

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<v Speaker 14>and it was. The Patriots are eleven and two, they've

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<v Speaker 14>won ten in a row. The Giants are two and eleven,

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<v Speaker 14>they've lost seven in a row. New England was ahead

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<v Speaker 14>thirty to seven by halftime, went onto the easy thirty

0:09:09.880 --> 0:09:12.640
<v Speaker 14>three to fifteen victory. A baseball free agent signing the

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<v Speaker 14>release pitcher Devin Williams pitched last season for the Yankees.

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<v Speaker 14>He'll now pitch for the Mets. Signed a three year

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<v Speaker 14>deal for fifty one million. Mark Steub's longtime coach at

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<v Speaker 14>Kentucky fired. The Wildcats are aiming to hire Oregon offensive

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<v Speaker 14>Cornder will Stein. That's a Bloomberg Sports update.

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<v Speaker 5>Stay with us.

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<v Speaker 2>More from Bloomberg day Break coming up after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business app.

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<v Speaker 5>This is Bloomberg Daybreak. Good morning on Nathan Hager Shuttle.

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<v Speaker 3>Diplomacy continues in the push to end the war in Ukraine.

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<v Speaker 3>This morning, US Envoy Steve Witkoff is set to meet

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<v Speaker 3>with Russian President Vladimir Putin on the latest peace plan.

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<v Speaker 3>White House Press Secretary Caroline Levy it says the administration

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<v Speaker 3>is optimistic.

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<v Speaker 15>The President's entire team, including Special Envoy Witkoff and Secretary

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<v Speaker 15>Rubio and the Vice President and the President himself Secretary

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<v Speaker 15>Haig Seth as well, have been working so hard on

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<v Speaker 15>this effort and they all really want to see this war.

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<v Speaker 2>Come to an end.

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<v Speaker 3>Press Secretary Caroline Levitt at the White House joining us

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<v Speaker 3>now as Bloomberg News Russia team leader Tony Haupin. Tony,

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<v Speaker 3>it's great to speak with you this morning after we

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<v Speaker 3>heard from Ukraine's President Vladimir Lensky saying the latest plan

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<v Speaker 3>looks better after a weekend talks in Florida. Do we

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<v Speaker 3>have any indication that Russia is going to feel the

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<v Speaker 3>same way?

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<v Speaker 10>Good morning. Yes, Well, we have Steve Wikoff, as you say,

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<v Speaker 10>having his sixth meeting this year with President Vladimir Putin

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<v Speaker 10>in Moscow. He's due to arrive later this afternoon Moscow time.

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<v Speaker 10>Putin has signaled an openness to talks. He said that

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<v Speaker 10>the proposals set out that he's seen from the US

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<v Speaker 10>could be the basis for future negotiations and agreements. But

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<v Speaker 10>since he says there's no final yet, he can't give

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

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<v Speaker 10>signs so far that he's ready to roll back any

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<v Speaker 10>of Russia's demands in regards to Ukraine.

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<v Speaker 3>And in the midst of this, we've gotten reports from

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<v Speaker 3>Putin himself ahead of these talks that Russia's taken over

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<v Speaker 3>the eastern Danbas city of Percrafts. Do we have any

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<v Speaker 3>confirmation that that has indeed happened.

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<v Speaker 10>No, I mean, Ukraine in fact denies that that's the case,

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<v Speaker 10>that his forces have lost the city. It's been contested

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<v Speaker 10>for many months. There's certainly no doubt that Russian forces

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<v Speaker 10>are in the city of Percross, but whether they've succeeded

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<v Speaker 10>in taking it fully yet we don't have confirmation on

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

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<v Speaker 10>wants the whole of that eastern the next region of Ukraine,

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<v Speaker 10>and Cross has been one of those contested cities, it's

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<v Speaker 10>not the only one. It's still an issue clearly for

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<v Speaker 10>discussion at the negotiating table.

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<v Speaker 2>Now.

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<v Speaker 3>I guess that raises a question as well about whether

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<v Speaker 3>that would bring the original twenty eight point plan that

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<v Speaker 3>apparently was hammered out between the US and Russia, whether

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<v Speaker 3>that could come back into play now that seems unlikely.

0:12:09.440 --> 0:12:13.320
<v Speaker 10>It was so vehemently rejected by both Ukraine and Europe.

0:12:13.320 --> 0:12:16.520
<v Speaker 10>There were many points in that that Kiev has repeatedly

0:12:17.160 --> 0:12:21.240
<v Speaker 10>refused to accept. So the points have being hammered down

0:12:21.280 --> 0:12:24.440
<v Speaker 10>to nineteen I think currently, and that seems to be

0:12:24.480 --> 0:12:27.280
<v Speaker 10>the basis on which Ifter Wikoff will be talking with

0:12:27.320 --> 0:12:28.640
<v Speaker 10>President Putin later today.

0:12:29.280 --> 0:12:31.840
<v Speaker 3>So it's going to be a Steve Witcoff, as you say,

0:12:31.880 --> 0:12:37.319
<v Speaker 3>his sixth visit to Moscow. In the meantime, Secretary of

0:12:37.360 --> 0:12:41.360
<v Speaker 3>State Rubio has been in talks with Ukrainian officials should

0:12:41.400 --> 0:12:44.920
<v Speaker 3>we read anything into the fact that it's Witkoff as

0:12:44.960 --> 0:12:49.400
<v Speaker 3>a point person with Russia and Secretary Rubio apparently is

0:12:49.520 --> 0:12:52.480
<v Speaker 3>a point person to some extent with Ukraine.

0:12:53.960 --> 0:12:56.800
<v Speaker 10>I mean, yes, that's an interesting dynamic. As you say,

0:12:57.240 --> 0:13:02.200
<v Speaker 10>Steve Witkoff and Kremlin Envoy Dimitri I have struck up

0:13:02.240 --> 0:13:05.720
<v Speaker 10>some kind of relationship that seems to mean that Russia

0:13:05.800 --> 0:13:10.160
<v Speaker 10>is comfortable in talking with mister Whidcoff and sexuar Estate

0:13:10.240 --> 0:13:12.480
<v Speaker 10>Rubio is clearly someone of the Ukraine feels that they

0:13:12.559 --> 0:13:17.360
<v Speaker 10>can negotiate directly and frankly with. But this is one

0:13:17.400 --> 0:13:20.480
<v Speaker 10>of the issues. I think that the US still needs

0:13:20.520 --> 0:13:22.840
<v Speaker 10>to get both sides to agreement on a common piece

0:13:22.840 --> 0:13:27.240
<v Speaker 10>of paper, and so far we don't see that that's appearing,

0:13:27.559 --> 0:13:29.120
<v Speaker 10>and whether it does at the end of the day

0:13:29.720 --> 0:13:31.680
<v Speaker 10>is obviously something we're closely watching.

0:13:33.600 --> 0:13:37.040
<v Speaker 2>This is Bloomberg Daybreak, your morning podcast and the stories

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<v Speaker 3>Ray