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Speaker 1: News when you want it. With Bloomberg News Now, I'm

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Speaker 1: Brian Curtis in Hong Kong. The US military is grounding

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Speaker 1: its entire fleet of Ausprey aircraft. This is to address

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Speaker 1: a possible equipment issue that may have caused a deadly

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Speaker 1: crash in Japan. The crash has raised concern about the

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Speaker 1: safety of the aircraft. It has been involved in several

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Speaker 1: fatal accidents. The Senate has failed to get enough votes

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Speaker 1: to try and pass aid for Ukraine. Bloomberg's Ed Baxter

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Speaker 1: has the story.

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Speaker 2: It's back to the drawing board, not even making it

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Speaker 2: for a floor vote. With the issue border funding for

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Speaker 2: the GOP. President Biden says they have to get something done.

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Speaker 3: This cannot wait. Congress needs to pass supplemental funding for

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Speaker 3: Ukraine before they break for the holiday. Resources as simple

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Speaker 3: as that, Frank, I think is stunning that we've gotten

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Speaker 3: to this point in the first place.

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Speaker 2: Now, the US heasship more aid to Ukraine, but says

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Speaker 2: it could be the last without more funding. Ed Baxter,

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Speaker 2: Bloomberg Radio.

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Speaker 1: A gunman killed three people and injured a fourth at

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Speaker 1: the University of Nevada and Las Vegas. The AP reported

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Speaker 1: that police killed the shooter. After the attack, reports of

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Speaker 1: shots fired at about eleven forty five in the morning.

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Speaker 1: Police swarmed into the campus, with students and professors barricading

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Speaker 1: themselves inside classrooms and also inside dorm rooms. The shooting

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Speaker 1: has sent shockwaves through the area. Former UN Ambassador Nikki

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Speaker 1: Haley has emerged as the top target of her rivals.

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Speaker 1: During the fourth Republican presidential debate, Hailey drew pointed attacks

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Speaker 1: right out of the gate from Florida Governor Ron DeSantis,

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Speaker 1: as well as Ohio entrepreneur Vivik Ramaswami, more from Bloomberg's

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Speaker 1: Lord Davison.

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Speaker 4: There are insults sort of flying in every direction on

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Speaker 4: the stage right now. You know, Ramaswami has attacked Hailey

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Speaker 4: for her faith, He's attacked her intelligence, and even at

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Speaker 4: one point Chris Christy came to her defense and said, look,

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Speaker 4: you know, Hailey and I don't agree on all the

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Speaker 4: policy issues, but you know, Ramaswami, you need to stop

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Speaker 4: insulting her intelligenceccomplished woman. That was a brief moment of ability,

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Speaker 4: though Christy was sort of re aiming his fire at Ramaswami.

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Speaker 1: Bloomberg's Laura Davison, China's exports expanded in November from a

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Speaker 1: year ago, while imports surprisingly shrank. Exports up zero point

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Speaker 1: five percent, slightly better than the forecast of no change.

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Speaker 1: It is the first year on year expansion since April.

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Speaker 1: Imports declined zero point six percent, compared with an expectation

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Speaker 1: of a gain of three point nine percent. The resulting

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Speaker 1: trade surplus sixty eight point three nine billion dollars.

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Speaker 4: Well.

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Speaker 1: CEOs from the biggest US banks were in attack mode

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Speaker 1: at a Senate hearing today. They took aim at proposals

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Speaker 1: to require some banks to hold more capital. The CEOs

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Speaker 1: said the rules would likely increase pricing or reduce availability

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Speaker 1: of loans. Jane Fraser is the CEO of City.

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Speaker 5: The most likely result of increasing the cost of banks

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Speaker 5: to offer a variety of products is that it would

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Speaker 5: move more activity into the less regulated non bank sector,

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Speaker 5: which carries its own risk for consumers and the stability

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Speaker 5: of the financial system. It would also diminish our industry's

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Speaker 5: ability to compete internationally, especially with our European counterparts.

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Speaker 1: One by one, banking executives also confidently told lawmakers the

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Speaker 1: institutions are safe that everyday Americans would ultimately suffer if

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Speaker 1: tougher rules are enacted well, a big day for advanced

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Speaker 1: micro devices, the company unveiling its new Mi I three

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Speaker 1: hundred accelerator chip. AMBCO Lisa SEUs says the market for

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Speaker 1: these chips will climb to more than four hundred billion

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Speaker 1: in the next four years. Sue tells us the chips

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Speaker 1: will help to develop artificial intelligence models.

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Speaker 6: You know, if you're running these models, you can actually

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Speaker 6: run more models, or you can run larger models. You know,

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Speaker 6: with Mi I three hundred and right now, you know

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Speaker 6: the key to AI is GPU compute. I mean, that

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Speaker 6: is absolutely what everybody says, and so we're here to

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Speaker 6: provide lots of GPU compute.

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Speaker 1: AMD shares closed down though one point three percent well.

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Speaker 1: Moody's Investor Service is now going after Chinese banks, Bloomberg's

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Speaker 1: and Kate's with the story.

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Speaker 7: Moody's cut US out look for eight Chinese banks to

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Speaker 7: negative a day after unveiling a bearer's stance on the

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Speaker 7: nation's sovereign bonds due to concerns about debt levels. Moody's

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Speaker 7: also lowered its outlook on Hong Kong and Macau and

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Speaker 7: placed twenty six local government financing vehicles on review for

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Speaker 7: down grade. China has been defending its debt status, with

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Speaker 7: state media running articles citing experts who denounced Moody's understanding

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Speaker 7: of the economy. In Washington and Kate's Bloomberg Radio.

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Speaker 1: The big China bank straighted down about a quarter of

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Speaker 1: one percent. And that's news when you want it with

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Speaker 1: Bloomberg News Now, I'm Brian Curtis. This is Bloomberg