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

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 3: stories we're following today.

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Speaker 2: Karen, we begin with the latest onn efforts to end

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Speaker 2: the war in Ukraine. US and Ukrainian negotiators say they

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Speaker 2: had productive discussions around a framework for a piece deal,

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Speaker 2: but there was no final breakthrough. The sides discussed potential

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Speaker 2: parameters for a ceasefire as they poured over a nineteen

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Speaker 2: point proposal that emerged in Geneva last week. Secretary of

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Speaker 2: State Marco Rubio spoke with reporters in Florida.

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Speaker 4: So this is not just about ending a war.

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Speaker 5: This is about ending a war in a way that

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Speaker 5: creates a mechanism and a way forward that will allow

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Speaker 5: them to be independent and sovereign, never have another war again,

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Speaker 5: and create tremendous prosperity for its people, not just rebuild

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Speaker 5: the country, but to enter an era of extraordinary economic progress.

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Speaker 5: It's a country with Ukraine has tremendous economic potential. Ukraine

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Speaker 5: has tremendous opportunity for true prosper That.

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Speaker 4: Was Secretary of State Marko Rubio.

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Speaker 2: Bloomberg Chief Europe correspondent Oliver Crook has more on the

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Speaker 2: push for peace in Ukraine.

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Speaker 6: The good news for the Ukrainians is that they are

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Speaker 6: now working with Marco Rubio, who is somebody who has

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Speaker 6: a more sort of principled and ideological worldview in terms

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Speaker 6: of the geopolitics, probably more sympathetic to the idea that

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Speaker 6: Russia poses an actual national security threat to the United States,

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Speaker 6: unlike a number of other officials within the US administration

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Speaker 6: quite so much. The bad news is, of course, that

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Speaker 6: they lost their chief negotiator on Friday. Andre Yurimagni, number

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Speaker 6: two of Zelenski has really stood shoulder to shoulder, one

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Speaker 6: of the great confidants to President Zelenski, all due to

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Speaker 6: this corruption scandal.

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Speaker 2: Bloomberg's Oliver Crook says the next steps will be decided

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Speaker 2: in follow up meetings, depending on the outcome of US

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Speaker 2: Special Envoice Steve Witcoff's talks in Moscow. The Task News

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Speaker 2: Agency in Russia says Witcoff will meet with Russian President

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Speaker 2: Vladimir Putin tomorrow.

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Speaker 3: Well Nathan, a software glitch that has threatened to disrupt

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Speaker 3: a big portion of the global aviation system as close

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Speaker 3: to being resolved Araba says the vast majority of its

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Speaker 3: eighth three twenty planes have received the necessary update to

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Speaker 3: their eLAC I computers. The plane maker says fewer than

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Speaker 3: one hundred planes still need to fix before they can

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Speaker 3: return to service. Bloomberg's been at a Camel reports this

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Speaker 3: recall could have been a lot worse.

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Speaker 7: There have been some disruption, but not on the scale

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Speaker 7: that we first feared when the statement came out on

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Speaker 7: Friday and we heard that about six thousand aircraft are

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Speaker 7: impact And you have to remember, this is the most

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Speaker 7: widely flown plane on the planet. Millions of people rely

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Speaker 7: on it every day. So if you hear that more

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Speaker 7: than half the active fleet of those planes is impacted,

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Speaker 7: we were wondering whether this would really cause sort of

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Speaker 7: global mayhem That has not happened.

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Speaker 3: Bloomer has been at a Camel reports most of the

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Speaker 3: planes simply needed to return to an earlier version of

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Speaker 3: that software that helps maintain their flight controls. Airbus says

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Speaker 3: only a small number of planes require more complex attention

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Speaker 3: and checking. Shares of Airbus they are down more than

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Speaker 3: three percent.

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Speaker 2: Now, Karen, let's get to the latest on the investigation

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Speaker 2: into the National Guard shooting in Washington, d C. Homeland

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Speaker 2: Security Secretary Christy Nomes says authorities believe the Afghan suspect,

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Speaker 2: twenty nine year old rock Manula Lockinwall, was radicalized in

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Speaker 2: this country.

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Speaker 8: We do believe it was through connections in his home

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Speaker 8: community and state, and we're going to continue to talk

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Speaker 8: to those who interacted with him, who were his family members,

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Speaker 8: talk to them. So far, we've had some participation.

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Speaker 2: Homeland Security Secretary Christi Nome appeared on NBC's Meet the

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Speaker 2: Press Heard Every Sunday on Bloomberg Radio. Lockinwall is facing

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Speaker 2: a first degree murder charge in the death of twenty

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Speaker 2: year old West Virginia Guard member Sarah Beckstrom. He was

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Speaker 2: granted asylum earlier this year after leaving Afghanistan in twenty

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Speaker 2: twenty one. Now President Trump is promising to pause all

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Speaker 2: asylum decisions for a long time.

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Speaker 9: We don't want those people, does that make sense?

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Speaker 10: You know why we don't want them because many have

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Speaker 10: been no good and they shouldn't be.

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Speaker 11: In our country.

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Speaker 2: President Trump spoke with reporters of Board Air Force One.

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Speaker 2: Secretary Nome is suggesting asylum decisions could resume once a

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Speaker 2: backlog of one and a half million pending cases is cleared.

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Speaker 3: Well, Nathan, President Trump's as He's decided on his pick

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Speaker 3: for the next Federal Reserve chair. The President spoke to

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Speaker 3: reporters on Air Force one.

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Speaker 4: Hechair right now, I know who I'm gonna pick. You

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Speaker 4: tell me Kevin hasn't I tell you?

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Speaker 3: And sources say Trump's chief economic advisor, Kevin Hassett as

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Speaker 3: seen as unlikely choice to succeed current Fed chair J.

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Speaker 7: Powell.

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Speaker 2: Well, let's turn back to the markets now, Karen. Futures

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Speaker 2: are lower as we begin a new trading weekend the

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Speaker 2: final trading month of twenty twenty five. The S and

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Speaker 2: P five hundreds coming off five straight days of gains

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Speaker 2: to close out in November. Andrew Slimming is senior portfolio

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Speaker 2: manager at Morgan Stanley Investment Management.

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Speaker 12: It is momentum and revisions, and the reality of the

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Speaker 12: market is that earnings i e. Revisions are very strong

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Speaker 12: right now because the economy, for all the talk, earnings

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Speaker 12: have come in better than what really Wall Street thought,

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Speaker 12: certainly since April, but even since the beginning.

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Speaker 2: Of the year, Morgan Stanley's Andrew slim In the MSCI

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Speaker 2: All Country World Index fell a tenth of one percent

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Speaker 2: in November after rising for seven straight months.

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Speaker 3: Well, Nathan, Bitcoin is starting a new month under pressure

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Speaker 3: once again. Right now, the cryptocurrency is trading at eighty

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Speaker 3: six thousand, eight hundred dollars. Bitcoin lost almost seventeen percent

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Speaker 3: of its value in November. Traders say a key support

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Speaker 3: level for bitcoin is eighty thousand dollars.

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Speaker 2: On the flip side, Karen Silver's trading at a record

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Speaker 2: this morning. Traders are speculator or placing speculative bets on

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Speaker 2: the white metal given ongoing supply tightness and rising expectations

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Speaker 2: for an interst rate cut from the FED. Silver's up

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Speaker 2: more than two percent this morning, and copper advanced to

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Speaker 2: a record high on the London Metal Exchange on fears

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Speaker 2: the global market is headed for a supply crunch, and.

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Speaker 3: Oil is trading higher. Nathan. It is up more than

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Speaker 3: two percent. It's at fifty nine dollars seventy five cents

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Speaker 3: a barrel. That's a n I meg screwed Brent is

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Speaker 3: at sixty three dollars fifty eight cents. I Keep pipeline

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Speaker 3: linking Kazakh fields to Russia's Black Sea coast was attacked

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Speaker 3: over the weekend. Meanwhile, opek Plus is sticking with plans

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Speaker 3: to pause production increases, I mean growing signs of a

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Speaker 3: surplus in global oil markets. The group agreed to keep

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Speaker 3: group wide quotas steady next year and approved a mechanism

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Speaker 3: for a review of individual oil production capacities. Oil is

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Speaker 3: down about seventeen percent so far this year. Time now

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Speaker 3: for a look at some of the other stories making

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Speaker 3: news in New York and around the world, and for

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Speaker 3: that were joined by Bloomberg's Monica Ricks Monica, good morning.

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Speaker 4: Hey, good morning, Karen.

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Speaker 13: President Trump is now defending Pete Hegseth against accusations made

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Speaker 13: by The Washington Post this weekend, which claimed the Defense

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Speaker 13: secretary ordered multiple strikes on suspected drug boats in the Caribbean,

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Speaker 13: including one that killed survivors.

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Speaker 4: Trump says hegset denied it.

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Speaker 7: We'll look into it, but no, I wouldn't have wanted

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Speaker 7: that a second strike.

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Speaker 4: The first strike was very lethal tois.

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Speaker 10: Fine, and if there were two people around, but Pete

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Speaker 10: said that didn't happen.

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Speaker 4: Does that make it?

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Speaker 13: I have got to lawmakers from both parties now say

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Speaker 13: they support congressional reviews of these strikes.

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Speaker 4: Republican Nebraska Congressman Don Bacon.

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Speaker 1: I don't think he would be foolish enough to make

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Speaker 1: this decision to say kill everybody, kill the survivors, because

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Speaker 1: that's a clear violation of the law of war.

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Speaker 4: Bacon on ABC News.

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Speaker 13: The Pentagon hasn't commented, but Hegseth did call the article inflammatory.

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Speaker 4: On X the.

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Speaker 13: Manhunt continues for the suspect in a mass shooting at

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Speaker 13: a children's party in Stockton, California. Four people were killed.

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Speaker 13: They're including kids as young as eight and nine years old.

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Speaker 13: Sheriff Patrick Wilthrow says they're treating this as a targeted incident.

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Speaker 11: I am confident in our team and with the work

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Speaker 11: that we have done so far that we will find

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Speaker 11: these animals that did this and bring them to justice.

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Speaker 11: But we still need the public's health help on this.

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Speaker 13: Fifteen others were hospitalized after the shooting. The FBI has

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Speaker 13: stepped in now to help find the shooter. The East

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Speaker 13: Coast is getting an early taste of winter today ahead

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Speaker 13: of a major snowstorm. Bloomberg Meteorologist Craig Allen is tracking

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Speaker 13: conditions for tomorrow.

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Speaker 10: The precip could start as some wet snow ora remikes

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Speaker 10: from DC on up to New York City and Boston,

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Speaker 10: but will likely change to rain based on the current

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Speaker 10: projected storm track. However, winter weather alerts are in effect

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Speaker 10: for the Upper Ohio Valley the mountains of the Northeast.

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Speaker 10: This includes the Pocono's Catskills, New York's Capital District, and

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Speaker 10: the Berkshires, and at least three to six inches of

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Speaker 10: snow expected more in heavier bands. You can expect driving

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Speaker 10: on I eighty eighty one, eighty four, eighty seven, ninety

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Speaker 10: and ninety one. It could become very challenging tomorrow.

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Speaker 13: Snow cause a travel mess in the Midwest this weekend.

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Speaker 13: Hundreds of flights were canceled or delayed. Global News twenty

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Speaker 13: four hours a day and whenever you want it with

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Speaker 13: Bloomberg News Now. I'm Monica Rix and this is Bloomberg

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Speaker 13: Karen Nathan.

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Speaker 4: Thanks Monica.

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Speaker 3: Time now for our Bloomberg Sports update, and for that

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Speaker 3: we bring in John stash Hour.

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Speaker 9: Thanks Karen Layne. Kiffin, DA official leaving ole Miss to

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Speaker 9: coach LSU. It'll be the third SEC school he's coached at.

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Speaker 9: Gets a seven year deal to make twelve million dollars

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Speaker 9: a year. He will not coach ole Miss in the

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Speaker 9: college football playoff. Ole Miss is already named Defense of

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Speaker 9: Gwender Pete Golding as Kiffin's replacement. Sur Right Football is

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Speaker 9: in Washington. The Broncos stopped the Commanders on a two

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Speaker 9: point conversion attempt in overtime to win twenty seven to

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Speaker 9: twenty six. It's their ninth win in a row the

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Speaker 9: Commander's seventh straight loss.

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Speaker 4: That's to Bloomberg Sports Update. Stay with us.

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Speaker 3: 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 Oup. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. Progress but no breakthrough. That

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Speaker 2: may be the takeaway from the latest round of peace

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Speaker 2: talks between US and Ukrainian negotiators over the weekend in Florida.

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Speaker 2: Secretary of State Marco Rubio led the discussions. He says

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Speaker 2: there is more work to be done.

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Speaker 4: We don't just want to end the war.

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Speaker 5: We also want to help Ukraine be safe forever, so

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Speaker 5: never again will they face another invasion. And equally importantly,

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Speaker 5: we want them to enter an age of true prosperity.

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Speaker 2: That was Secretary of State Rubio following the latest discussions

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Speaker 2: in Helendale Beach, Florida. Joining us this morning from Brussels

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Speaker 2: is Bloomberg's chief eure of correspondent, Oliver Crook. Oliver, good morning.

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Speaker 2: So where do things stand up after these latest talks

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Speaker 2: in Florida.

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Speaker 14: Well, after a week and a half we got that

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Speaker 14: twenty eight point plan sort of blasted out into sort

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Speaker 14: of the public view. The sort of discussions since then,

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Speaker 14: when it's been whittled down to a nineteen point plan,

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Speaker 14: has gone much more underground, much more behind closed doors.

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Speaker 14: So it's very difficult to assess at this stage how

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Speaker 14: close the Ukrainian, American and Russian sides are to bridging

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Speaker 14: some of these fairly large gaps between their conception of

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Speaker 14: how the end of this war would look. There, of

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Speaker 14: course the main issue of territorial concessions, which has been

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Speaker 14: sort of top of the list for everybody involved in

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Speaker 14: those negotiations, and then of course those security guarantees. How

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Speaker 14: do you prevent create an architecture to prevent the Russians

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Speaker 14: from ever reinvading Ukraine. Those are the two I think

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Speaker 14: main questions for the Ukrainian and the European side of

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Speaker 14: that equation, while for the Russians, you know, they have

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Speaker 14: a litany of sort of maximalists demands that they've been

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Speaker 14: sort of pushing forward. The question is on what side

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Speaker 14: of that the United States will fall Today we will

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Speaker 14: be focusing all week on the diplomacy that it's going on.

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Speaker 14: We have Vladimir Zelenski. He will be in Paris meeting

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Speaker 14: with Hi Menu in my colt later today. We understand

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Speaker 14: from Russian media that Whitkov will be meeting with President

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Speaker 14: Putin tomorrow afternoon in Moscow. And then, of course there

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Speaker 14: is this NATO meeting from Foreign ministers here in Brussels

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Speaker 14: on Wednesday, which we understand that Mark Rubio is actually skipping.

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Speaker 14: So what does that tell us about how close we

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Speaker 14: are to a deal? The fact that Putin himself is

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Speaker 14: expected to go to India a little bit later this

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Speaker 14: week may suggest that, you know, maybe we're not within

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Speaker 14: clutching distance of the deal. Would he really be doing

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Speaker 14: those sorts of trips abroad if he thought that there

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Speaker 14: was a deal really imminent? That is a I think

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Speaker 14: the question that we pose ourselves heading into this, remembering

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Speaker 14: that Trump wanted this done by last Thursday. Obviously the

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Speaker 14: complexity of this issue is putting itself on full display.

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Speaker 2: And of course here in Brussels right now, how is

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Speaker 2: Europe trying to insert itself into the discussions?

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Speaker 14: Well, so far failing as ever to really get a

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Speaker 14: seat at the table in terms of the discussions. You'll remember,

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Speaker 14: when that initial twenty eight point plan emerged from the woodwork,

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Speaker 14: there was all these ideas about what architecture for defense

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Speaker 14: looks like in Europe, about these sort of rules that

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Speaker 14: might be imposed on NATO that basically none of these

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Speaker 14: NATO European countries had been consulted on, despite the fact

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Speaker 14: that there were these conversations about the future not just

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Speaker 14: of the Ukrainian defense were being discussed, but actually of

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Speaker 14: European defense arches structure more broadly. So they've been trying

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Speaker 14: to assert themselves, they've been failing to do so. The

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Speaker 14: main way they might be able to assert themselves is

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Speaker 14: on this question of the frozen Russian assets one hundred

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Speaker 14: and forty billion euros worth of assets that are being

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Speaker 14: held that they're talking about creating reparations loans for the Ukrainians.

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Speaker 14: But of course, as you know, whenever there's a debate

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Speaker 14: in Europe, it means paralysis. And there are people on

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Speaker 14: both sides of this disagreement saying that we should hold

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Speaker 14: off on the Russian assets because there's a piece thought

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Speaker 14: going on that actually now is not the moment, and

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Speaker 14: others saying that it's actually time to accelerate work that message,

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Speaker 14: and that sort of means that nothing is getting done.

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Speaker 14: And once again the Europeans are found sitting at the

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Speaker 14: sideline awaiting with the sort of consensus from the United

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Speaker 14: States and from Donald Trump.

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Speaker 2: Just thirty seconds left here, Oliver. But the lead negotiator

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Speaker 2: for Ukraine, andre Yermak, has resigned in a corruption investigation

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Speaker 2: that script the country has that complicated things now to.

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Speaker 14: A large degree. I mean, your mac is a basically

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Speaker 14: de facto number two, or was in Ukraine. He stood

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Speaker 14: sort of shoulder to soldier to Vladimir Zlensky, a very

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Speaker 14: trust that Alli has throughout this entire war. We should

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Speaker 14: say he has not yet been charged with anything, but

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Speaker 14: his home and his office were searched in connection with

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Speaker 14: this corruption scandal dealing with some allocation of funds and

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Speaker 14: basically money being embezzled by the state. So of course,

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Speaker 14: this is a terrific blow for the Zelenski administration for

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Speaker 14: losing one of his key allies that he's had by

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Speaker 14: his side really since day one of his war.

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