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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 latest from Washington, d C.

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Speaker 3: Where Congress is set to meet on a snowy Capitol

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Speaker 3: Hill today to certify President elect Donald Trump's win in November.

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Speaker 3: President Biden invited a group of new Democratic lawmakers to

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Speaker 3: the White House last night and urged them to commit

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Speaker 3: to a peaceful transfer of power.

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Speaker 4: Now it's your duty to tell the truth. Remember what happened,

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Speaker 4: and I'll let January sixth be rewritten as or even erased.

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Speaker 3: The riot at the Capitol on January sixth, four years

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Speaker 3: ago has turned into a political flashpoint, and President elect

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Speaker 3: Trump is widely expected to grant swift clemency to the

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Speaker 3: thousand plus people convicted over the events of that day.

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Speaker 3: We get that story from Bloomberg's Doug Prisner.

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Speaker 5: The President elect has downplayed the severity of the attack

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Speaker 5: and announced its prosecutions, and he's expected to fulfill his

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Speaker 5: promises of swift clemency for the one thousand plus people

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Speaker 5: convicted and the hundreds more with pending cases. The question

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Speaker 5: is how such a move would impact democracy and the

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Speaker 5: rule of law. Mass pardons would also set the tone

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Speaker 5: for how Trump might wield the presidency to reward loyalist

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Speaker 5: and critics fear punish opponents. This year's January sixth election

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Speaker 5: certification has for the first time been designated a National

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Speaker 5: Special Security event. In New York. I'm Doug Prisner, Bloomberg.

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Speaker 2: Radio, all right, dog, thank you, while looking to our

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Speaker 2: neighbors to the north. Canada's Prime Minister Justin Trudeau is

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Speaker 2: said to be preparing to announce his resignation. The Globe

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Speaker 2: and Mail newspaper says the announcement could come as early

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Speaker 2: as today. It would trigger a race for the party leadership,

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Speaker 2: with the winner becoming PM. Trudeau has been under pressure

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Speaker 2: from lawmakers in his party to quit for months. Scrutiny

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Speaker 2: grew last month after his Finance minister, Christia Freeland quit.

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Speaker 3: And politics around the Globe Karen, South Korea's corruption watchdog

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Speaker 3: has asked a court in Seoul to extend a warrant

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Speaker 3: to arrest President yunsuk yol. The move comes after their

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Speaker 3: first attempt last week ended in failure following an hour's

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Speaker 3: long standoff with the UN's security team. Secretary of State

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Speaker 3: Anthony Blincoln is in Seoul. He expressed confidence in South

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Speaker 3: Korea's acting.

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Speaker 6: Later, We've got serious concerns about some of the actions

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Speaker 6: that President unon took. We communicated those directly to the government.

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Speaker 6: At the same time, we have tremendous confidence in the

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Speaker 6: resilience of South Korea's democracy.

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Speaker 3: And while Secretary of State Anthony Blincoln's in Seoul, North

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Speaker 3: Korea fired an intermediate range ballistic missile toward its eastern waters.

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Speaker 2: Well, Nathan, back here in the US, it's the first

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Speaker 2: full work day with the New York City congestion pricing

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Speaker 2: program in effect. Dim we get this story with Bloomberg's

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Speaker 2: John Tucker and John it's something of a first Yeah.

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Speaker 7: In fact, this was the first such program in the

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Speaker 7: United States. Karen Morales lives north of New York and

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Speaker 7: she's the main caregiver for her aging father who lives

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Speaker 7: in Lower Manhattan, and her reaction is typical among drivers.

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Speaker 7: She calls the toll and abuse of the working class

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Speaker 7: to try to.

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Speaker 3: Make more payments.

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Speaker 8: Just to do that, I think it's hard for middle

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Speaker 8: class person.

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Speaker 7: Jenno Lieber, the head of the MTA, would rather focus

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Speaker 7: on the benefits.

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Speaker 9: The good news for the.

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Speaker 7: Core function of fire and EMS is one of the

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Speaker 7: principal goals is to make response.

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Speaker 3: Times faster, and that's especially.

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Speaker 7: Important for EMS fourteen hundred cameras and easy Pass detectors

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Speaker 7: who are switched on Sunday to catch every vehicle traveling

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Speaker 7: south of sixtieth Street and to hit them with a

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Speaker 7: new nine dollars toll during peak travel times. This is

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Speaker 7: all part of the plan to bring fifteen billion dollars

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Speaker 7: to the MTA to upgrade subways and mass transit. The

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Speaker 7: goal is to coax more people to use mass transit

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Speaker 7: and encourage trucks to make deliveries overnight. One hurdle is

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Speaker 7: that some residents still feel safe on the subways. The

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Speaker 7: fatal burning last month of a woman sitting in a

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Speaker 7: subway car at Cody Onand shocked the city. There have

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Speaker 7: been several stabbings and incidents of people pushing riders onto

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Speaker 7: train tracks and looming large over congestion. Pricing is the

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Speaker 7: change of administration at Washington. President elect Trump opposes it

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Speaker 7: New York. I'm John Tucker Bloomberg Radio.

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Speaker 2: Well, we turn to the markets now and futures are hire.

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Speaker 2: As we kick off the first full trading week of

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Speaker 2: the new year. This morning, the yield on the thirty

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Speaker 2: year treasury climb to its highest level since November of

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Speaker 2: twenty twenty three. Right now, futures again higher, SMP futures

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Speaker 2: up four tenths of percent, down futures up a tenth

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Speaker 2: of up percent, NASDAG futures up seven tenths of percent,

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Speaker 2: and the thirty year yield four point eight three percent.

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Speaker 3: And this first full trading week of the year, Karen

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Speaker 3: is going to feature a jobs report, fed minutes and

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Speaker 3: a smattering of earnings news. Let's get a preview from

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Speaker 3: Bloomberg's Charlie Pellett.

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Speaker 9: Magnificent seven. Profit growth this year is projected to slow

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Speaker 9: to seventeen point nine percent, learnings increases for the rest

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Speaker 9: of the s and P five hundred accelerate to ten

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Speaker 9: point nine percent. Emily Rowland is co chief investment strategist

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Speaker 9: at JH Investments.

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Speaker 10: In order for earnes to see these double digit estimates

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Speaker 10: that are being banked in right now, you probably need

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Speaker 10: to see bondyields come down a bit. Here. You probably

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Speaker 10: need to see that cost of borrowing again sort of

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Speaker 10: become a little bit more mitigated.

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Speaker 9: Here this week, we hear from Constellation Brands, Delta and

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Speaker 9: Sam Song in New York. Charlie Pale, Bloomberg Radio.

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Speaker 2: All right, Charlie, thank you well. In deal news, Bloomberg

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Speaker 2: News has learned Paychecks As in advanced talks to acquire

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Speaker 2: pay Corps, a smaller rival in payroll processing. The acquisition

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Speaker 2: would bring together two major players in the human resources

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Speaker 2: software and services market, allowing for cost cuts and bundled

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Speaker 2: services for customers. Shares of pay Core they are arising

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Speaker 2: in early trading. They are of almost nineteen They're of

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Speaker 2: at least twelve percent in early trading.

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Speaker 3: Turning to the economy now Karen, two FED officials say

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Speaker 3: the central bank must finish its fight on inflation and

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Speaker 3: reach the two percent target. At the American Economic Association,

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Speaker 3: FED Governor Adriana Kugler said the economy is growing at

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Speaker 3: a healthy pace, but everyone needs to keep their eye

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Speaker 3: on the labor market.

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Speaker 8: It has cooled but remain resilient. And it has remained resilient.

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Speaker 8: We still see real wages growing at about one point

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Speaker 8: five one point six percent, and at the same time,

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Speaker 8: though the unemployment rate has been stepping up a bed.

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Speaker 3: It's still at.

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Speaker 8: Four point two percent, which is a historically low rate

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Speaker 8: of unemployment.

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Speaker 3: Adriana Kugler went on to say the FED is moving

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Speaker 3: toward the two percent inflation target, but there is work

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Speaker 3: that still needs to get done. Speaking separately, Mary Daily,

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Speaker 3: head of the San Francisco FED, said inflation remains uncomfortably

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Speaker 3: above the fed's target.

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Speaker 2: As time. Now, we're look at some of the other

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

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Speaker 2: and for that we're joined by Bloomberg's Michael bar Michael,

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Speaker 2: good morning, Good.

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Speaker 11: Morning, Karen. A major winter blast off snow, ice, high winds,

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Speaker 11: and plunging temperatures. They're stirring up dangerous conditions across the

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Speaker 11: US Central and Southern states all the way to the

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Speaker 11: East Coast. Bloomberg Media religiust Rob Carolyn has the latest.

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Speaker 12: A significant winter storm will be affecting areas from the

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Speaker 12: Ohio River Valley to the mid Atlantic today, with heavy

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Speaker 12: snow likely in the district in Baltimore. Some areas are

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Speaker 12: probably going to see anywhere from six to as much

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Speaker 12: as ten inches of snow from this system. There will

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Speaker 12: also be heavy rain extending from the system through the

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Speaker 12: Carolinas into parts of Georgia and the Florida Panhandle. Behind

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Speaker 12: the system, very cold air stretching from the Dakota's southward

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Speaker 12: into Texas, and some of that'll be moving into the

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Speaker 12: mid Atlantic States later this week. I'm Rob Carolyn Bloomberg Radio.

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Speaker 11: Thank you Rob. It's a busy week for law enforcement

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Speaker 11: in Washington, d C. They are preparing for the state

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Speaker 11: funeral a former president, Jimmy Carter. Carter's body will remain

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Speaker 11: in Atlanta through today before making the trip to d

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Speaker 11: C for Thursday's funeral, where President Biden will delivered the eulogy.

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Speaker 11: Thousands of extra police officers are being brought in, with

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Speaker 11: hundreds of soldiers on standby, and the DC National Guard

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Speaker 11: has been activated. The FBI says the man responsible for

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Speaker 11: the deadly truck attack in New Orleans on New Year's

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Speaker 11: Day visited the city twice before and recorded video of

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Speaker 11: the French Quarter with smart glasses. Authorities saying the attack

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Speaker 11: by Shim's Dude Dean Jabbar, killed fourteen people and injured

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Speaker 11: dozens of others. The former US Army soldier proclaimed his

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Speaker 11: support for Ices in online videos posted hours before he

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Speaker 11: struck the Brutalist was crowned Best Drama Film at the

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Speaker 11: Golden Globes last night. Adrian Brody won for Best Actor.

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Speaker 11: In the movie, he plays a Hungarian Jewish architect who

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Speaker 11: immigrates to the US to escape the Holocaust. During the

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Speaker 11: CBS telecast broad he had a message for real life immigrants.

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Speaker 1: I hope that this work stands to lift you up

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Speaker 1: a bit and to give you a.

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Speaker 3: Voice, and I'm so grateful. I will cherish this moment. Treford,

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Speaker 3: thank you.

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Speaker 11: Emilia Perez took home the Best Motion Picture, Musical or Comedy.

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Speaker 11: Global News twenty four hours a day and whenever you

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Speaker 11: want it with Bloomberg News. Now, I'm Michael Barr, and

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Speaker 11: this is Bloomberg Cameron.

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Speaker 2: All right, Michael Barr, thank you time now for the

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Speaker 2: Bloomberg Sports Outdate, brought to you by Tri State Audie.

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Speaker 2: Here's John Stanshower.

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Speaker 3: John, good morning, Good morning care.

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Speaker 13: In the NFL regular season ended in Detroit, Lions and

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Speaker 13: Vikings both came in with a gaudy fourteen and two record,

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Speaker 13: but only one would get the first round by home

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Speaker 13: field advantage. The loser would have to play likely all

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Speaker 13: their playoff games on the road. It figured to be

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Speaker 13: a close game. It was not all Lions. They won

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Speaker 13: thirty one to nine. There were four touchdowns scored in

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Speaker 13: all four by Detroit Jamiir Gibbs. As for the Giants,

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Speaker 13: the one hundred season in franchise history one of the worst.

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Speaker 13: The club record fourteen losses, a twelfth loss in a

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Speaker 13: row in Philadelphia, even with the Eagles arresting their best players, Philly,

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Speaker 13: led by third string quarterback Tanner mc he won twenty

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Speaker 13: to thirteen. And now we'll see if the Giants clean

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Speaker 13: house or decide to keep coach Brian dave All and

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Speaker 13: GM Joe Shane. We know the Jets are looking for

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Speaker 13: a new coach in GM, probably a new QB.

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Speaker 3: If this was Aaron Rodgers.

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Speaker 13: Last Jet game, it was his best and it included

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Speaker 13: a career milestone.

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Speaker 3: Good shotgun for Rogers.

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Speaker 14: Presaul in motion, He's back to throw steps up with

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Speaker 14: the pocket Sidearms went over the middle top touchdown.

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Speaker 13: Tyler Conklin and that is.

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Speaker 14: Career touchdown pass number five hundred.

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Speaker 13: Wax two Rogers joining the club with only four other

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Speaker 13: members Tom Brady, Drew Brees, Peyton Manning and Brett Farvey.

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Speaker 13: Through four teen passes, and the Jets beat Miami thirty

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Speaker 13: two to twenty. The Patriots beat the Bills twenty three sixteen,

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Speaker 13: but they went just four and thirteen for the second

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Speaker 13: straight year, and just after the game ended, they fired

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Speaker 13: Gerond Meyo. He gets just one season as Bill Belichick's successor.

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Speaker 13: We'll see if Dallas fires Mike McCarthy after a season

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Speaker 13: with only two home wins. The Cowboys on a TV

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Speaker 13: with three seconds left, lost to Washington three three to nineteen.

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Speaker 13: Commanders went twelve and five, their best season since nineteen

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Speaker 13: ninety one. Denver got the last playoffs bought in the AFC.

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Speaker 13: Tampa Bay got the last one in the NFC. The

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Speaker 13: playoffs begin Saturday. The Rangers won six two at Chicago.

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Speaker 13: The golf at Kapalua won by Hedeki Matsuyama with a

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Speaker 13: PGA record score of thirty five.

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Speaker 3: On DUPA, John stash that We're Bloomberg Sports.

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Speaker 5: Kenny and Nathan.

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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 Appum. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. Memories of January sixth, twenty

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Speaker 3: twenty one are hanging over this January sixth, this Congress

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Speaker 3: gets ready to gather today to certify Donald Trump as

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Speaker 3: the next president of the United States. Outgoing President Joe

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Speaker 3: Biden says it is a day American should never forget.

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Speaker 4: Today that most of our history we took for granted

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Speaker 4: the sixth, but I hope we never take it for

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Speaker 4: granted again. You know, four years year ago, in January sixth,

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Speaker 4: this capital was attacked by a violent.

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Speaker 3: Mom and as president like Trump considers clemency for his

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Speaker 3: supporters that day, President Biden told new Democratic lawmakers it

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Speaker 3: is their duty to uphold the peaceful transfer of power. Today.

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Speaker 3: Joining us this morning is Bloomberg's Kevin White Law. Kevin,

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Speaker 3: we really are expecting this to be a much different

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Speaker 3: January sixth than four years ago, aren't we a good morning?

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Speaker 11: Yeah?

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Speaker 14: I mean yes, thanks, we are, and I think you're seeing.

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Speaker 14: First of all, it's being taken much more seriously as

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Speaker 14: a security risk and many many more precautions being taken.

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Speaker 14: There was no fencing around the Capitol last time. It

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Speaker 14: hadn't been declared a major national security event. Up to

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Speaker 14: that point, always been a reasonably pro former kind of

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Speaker 14: thing where it kind of went and people didn't even

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Speaker 14: really notice it. This time it's a very different thing.

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Speaker 14: But you also have an administration in the Biden administration

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Speaker 14: that is committed to a smooth process, taking part in

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Speaker 14: it and making sure that they set an example for

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Speaker 14: what a peaceful transfer of power is supposed to look like.

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Speaker 3: And I guess we're seeing elements of that example in

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Speaker 3: an op ed from the President in the Washington Post

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Speaker 3: this morning talking about his determination to uphold the peaceful

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Speaker 3: transfer power, even to return to the capital on January

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Speaker 3: twentieth to attend President Trump's inauguration, something that the former

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Speaker 3: now president elect did not afford President Biden four years ago.

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Speaker 3: How likely is it, though, that President elect Trump moves

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Speaker 3: quickly on clemency for his supporters from that.

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Speaker 14: Yeah, I mean, he certainly has promised that he's going

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Speaker 14: to move very quickly to you know, possibly even on

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Speaker 14: the first day, to do some kind of clemency. I

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Speaker 14: think the only question really is sort of how broad

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Speaker 14: it is and is it a pardon, is it clemency

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Speaker 14: for is it selective? Does it sort of encompass all

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Speaker 14: of the prosecutions. There's obviously a lot of concern among

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Speaker 14: sort of the Justice Department folks and prosecutors and even

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Speaker 14: some judges who have made it clear this was obviously

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Speaker 14: a very serious event. There were people who were injured.

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Speaker 14: There there was even one who was killed. It was

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Speaker 14: an event that did also tear apart of the country

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Speaker 14: a little bit. And the notion of a mass pardon

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Speaker 14: is has a lot of people worried about what that

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Speaker 14: says about sort of, you know, potential future problems. Should

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Speaker 14: should there be another kind of similar moment where someone

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Speaker 14: in power resists the peaceful transfer of power. It's really

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Speaker 14: unclear exactly what Trump is going to do, and it

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Speaker 14: is possible that there will be a somewhat more you know,

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Speaker 14: he could, for instance, separate non violent versus violent offenders

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Speaker 14: and handle them differently. That's a possibility, but the broadery

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Speaker 14: goes the more controversial. It's obviously going to be just.

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Speaker 3: Thirty seconds left, Kevin. But if the president elect does

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Speaker 3: do like a blanket clemency or a wide move like that,

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Speaker 3: what does that mean for setting his agenda? I mean,

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Speaker 3: he's talked about trying to pass a whole bunch of

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Speaker 3: things in fell Swoop.

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Speaker 14: Well, it does, and obviously a lot of what he's

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Speaker 14: going to have to do if he wants to really

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Speaker 14: be broad is could do it through this process called reconciliation,

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Speaker 14: which is a way of doing it without the votes

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Speaker 14: of Democrats. But it's going to be extremely hard. His

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Speaker 14: margins and Congress are very narrow, and the broader clemency

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Speaker 14: movement goes, the less Democrats are going to be willing

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Speaker 14: to give him space on other parts of his agenda

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Speaker 14: that will indeed need their votes.

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Speaker 2: This is Bloomberg Daybreak, your morning podcast on the stories

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Speaker 3: And I'm Nathan Hager. Join us again tomorrow morning for

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