1 00:00:02,000 --> 00:00:04,800 Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner, 2 00:00:05,080 --> 00:00:07,520 Speaker 1: and we begin in Japan, where Prime Minister son of 3 00:00:07,520 --> 00:00:12,320 Speaker 1: Atakiichi has secured a historic landslide win in Sunday's snap election. 4 00:00:12,840 --> 00:00:18,239 Speaker 1: Local broadcaster NHKVE reports Takiichi's ruling Liberal Democratic Party has 5 00:00:18,280 --> 00:00:21,840 Speaker 1: won a two third supermajority in the lower House. Now, 6 00:00:21,880 --> 00:00:25,479 Speaker 1: this outcome positions her as Japan's strongest leader in the 7 00:00:25,520 --> 00:00:28,560 Speaker 1: post war era. Here is Bloomberg's Brian Fowler. 8 00:00:28,720 --> 00:00:31,800 Speaker 2: I mean, six months ago, the LDP was completely on 9 00:00:31,840 --> 00:00:34,479 Speaker 2: the ropes. It had lost its majorities in both houses 10 00:00:34,479 --> 00:00:37,599 Speaker 2: of Parliament and was muddling through the summer. And then 11 00:00:37,640 --> 00:00:41,920 Speaker 2: Takeichi becomes the nation's first ever female prime minister in October. 12 00:00:42,360 --> 00:00:45,839 Speaker 2: Four months later. She secured the greatest election victory in 13 00:00:46,280 --> 00:00:49,560 Speaker 2: the history, certainly in the post war history. And she's 14 00:00:49,600 --> 00:00:52,120 Speaker 2: going to become that much more assertive, I think, on 15 00:00:52,159 --> 00:00:54,880 Speaker 2: the international stage as well as domestically. 16 00:00:55,040 --> 00:00:58,720 Speaker 1: That is Bloomberg's Brian Fowler. Analysts say Takeiichi now has 17 00:00:58,760 --> 00:01:01,480 Speaker 1: a clear mandate to use fiscal stimulus to break a 18 00:01:01,520 --> 00:01:05,319 Speaker 1: long standing deflationary cycle. The end is weaker right now 19 00:01:05,360 --> 00:01:08,640 Speaker 1: at one fifty seven sixty five. Later in the day. 20 00:01:08,680 --> 00:01:11,759 Speaker 1: On Sunday, Takeiichi said she is looking forward to visiting 21 00:01:11,840 --> 00:01:15,040 Speaker 1: the White House in the spring to strengthen the Japan 22 00:01:15,200 --> 00:01:19,360 Speaker 1: US alliance. Former Hong Kong media mogul and pro democracy 23 00:01:19,480 --> 00:01:23,360 Speaker 1: activist Jimmy Lai has been sentenced to twenty years in prison. 24 00:01:23,800 --> 00:01:27,560 Speaker 1: Hong Kong's highest court handed down the punishment for conspiring 25 00:01:27,640 --> 00:01:30,880 Speaker 1: to collude with foreign forces, as well as a separate 26 00:01:30,920 --> 00:01:33,960 Speaker 1: sedition conviction. Here is Bloomberg's Minmen Low. 27 00:01:34,280 --> 00:01:37,000 Speaker 3: Well, obviously this is a high profile case that is 28 00:01:37,040 --> 00:01:39,840 Speaker 3: sending a warning message in some ways as well to 29 00:01:39,959 --> 00:01:43,360 Speaker 3: the rest of Hong Kong citizens said, China will not 30 00:01:43,520 --> 00:01:48,600 Speaker 3: tolerate any form of subversion, right. But it's interesting because 31 00:01:48,760 --> 00:01:52,880 Speaker 3: the potential sentence could have an up to life in prison. 32 00:01:53,320 --> 00:01:56,680 Speaker 3: So Jimmy Lai didn't get the maximum sentence that he 33 00:01:56,760 --> 00:01:59,640 Speaker 3: could have gotten. But again, considering his old age, twenty 34 00:01:59,720 --> 00:02:02,160 Speaker 3: years is not a light sentence as well. 35 00:02:02,320 --> 00:02:05,160 Speaker 1: Now that twenty year sentence is the most severe penalty 36 00:02:05,240 --> 00:02:09,320 Speaker 1: ever handed out under the Beijing imposed National Security Law. 37 00:02:09,720 --> 00:02:13,040 Speaker 1: President Trump and British Prime Minister Starmer are among those 38 00:02:13,080 --> 00:02:16,440 Speaker 1: who have previously appealed for the release of the seventy 39 00:02:16,520 --> 00:02:19,200 Speaker 1: eight year old Lie. In the UK, the chief of 40 00:02:19,240 --> 00:02:22,880 Speaker 1: staff to British Prime Minister kir Starmer has quit. Morgan 41 00:02:22,960 --> 00:02:27,120 Speaker 1: McSweeney resigned on Sunday and claimed to take full responsibility 42 00:02:27,440 --> 00:02:30,880 Speaker 1: for the advice he gave Starmer to hire Peter Mandelson 43 00:02:30,880 --> 00:02:35,320 Speaker 1: as UK Ambassador to the US despite knowing Mandelsson's ties 44 00:02:35,400 --> 00:02:38,680 Speaker 1: to Jeffrey Epstein. We are told officials we're bracing for 45 00:02:38,800 --> 00:02:43,000 Speaker 1: cabinet ministers to privately tell Starmer to stand aside, or 46 00:02:43,240 --> 00:02:46,680 Speaker 1: they would threaten their resignations if he doesn't. One ad 47 00:02:46,760 --> 00:02:49,160 Speaker 1: to a cabinet minister said it was a fifty to 48 00:02:49,200 --> 00:02:51,880 Speaker 1: fifty chance as to whether Starmer would last the week. 49 00:02:52,560 --> 00:02:56,520 Speaker 1: Treasury Secretary Scott Bessen is blaming Chinese traders for last 50 00:02:56,560 --> 00:02:59,600 Speaker 1: week's wild swings in the gold market. That story from 51 00:02:59,600 --> 00:03:00,560 Speaker 1: Bloomberg Monica. 52 00:03:00,639 --> 00:03:04,200 Speaker 4: Ricks Secretary Besson addressed a record breaking rally in precious 53 00:03:04,240 --> 00:03:08,399 Speaker 4: metals fueled by speculative buying, geopolitical turmoil, and concern about 54 00:03:08,400 --> 00:03:12,000 Speaker 4: the federal reserves independence that abruptly reversed last week. 55 00:03:12,120 --> 00:03:14,640 Speaker 1: Things have gotten a little unruly in China. 56 00:03:15,040 --> 00:03:18,840 Speaker 2: They're having to tighten margin requirements, so the gold looks 57 00:03:18,840 --> 00:03:22,280 Speaker 2: to me like a classical speculative. 58 00:03:21,680 --> 00:03:25,160 Speaker 4: Below all Besson on Fox's Sunday Morning Futures. The turmoil 59 00:03:25,240 --> 00:03:27,880 Speaker 4: helped lift the dollar and the Dow top fifty thousand 60 00:03:28,000 --> 00:03:30,600 Speaker 4: for the first time last week. Besson says that shows 61 00:03:30,639 --> 00:03:34,079 Speaker 4: the US economy is headed in a positive direction. Monica 62 00:03:34,160 --> 00:03:35,440 Speaker 4: Ricks Bloomberg Radio. 63 00:03:35,640 --> 00:03:39,400 Speaker 1: US politics is an issue at the Winter Olympics. Last Friday, 64 00:03:39,760 --> 00:03:43,640 Speaker 1: US athletes were asked by reporters how they felt representing 65 00:03:43,680 --> 00:03:47,920 Speaker 1: the country during the Trump administration's heightened immigration enforcement actions. 66 00:03:48,360 --> 00:03:51,600 Speaker 1: American skier Hunter has said was a little hard and 67 00:03:51,640 --> 00:03:55,200 Speaker 1: he felt mixed emotions. Has said just because he's wearing 68 00:03:55,240 --> 00:03:58,080 Speaker 1: the flag doesn't mean he represents everything that's going on 69 00:03:58,280 --> 00:04:01,200 Speaker 1: in the US. Well. Today, in a post on truth 70 00:04:01,280 --> 00:04:04,240 Speaker 1: Social Trump said it's too bad Hess is on the 71 00:04:04,280 --> 00:04:07,680 Speaker 1: team and that it's hard to support him. Trump called 72 00:04:07,760 --> 00:04:12,040 Speaker 1: Hesse a real loser. The US has won two gold medals. 73 00:04:12,200 --> 00:04:15,400 Speaker 1: Italy sits atop the leader board with a total of nine. 74 00:04:16,000 --> 00:04:19,240 Speaker 1: The Seattle Seahawks are Super Bowl champions, beating the New 75 00:04:19,279 --> 00:04:24,120 Speaker 1: England Patriots Deny twenty four to thirteen. Seattle's defense was crushing, 76 00:04:24,279 --> 00:04:28,640 Speaker 1: racking up two interceptions six sacks and two forced fumbles, 77 00:04:28,839 --> 00:04:32,480 Speaker 1: one of which was returned for a touchdown. It's the Seahawks' 78 00:04:32,480 --> 00:04:36,200 Speaker 1: first Super Bowl appearance since the twenty fourteen season, when 79 00:04:36,200 --> 00:04:39,000 Speaker 1: they lost to the Patriots twenty eight, twenty four and 80 00:04:39,120 --> 00:04:42,880 Speaker 1: Seattle's running back Kenneth Walker was named Super Bowl MVP 81 00:04:43,160 --> 00:04:46,159 Speaker 1: following the win. And that is news when you want 82 00:04:46,200 --> 00:04:49,080 Speaker 1: it with Bloomberg News Now, I'm Doug Chrisner and this 83 00:04:49,160 --> 00:04:49,760 Speaker 1: is Bloomberg