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

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Speaker 1: Doug Prisner. President elect Trump says he will nominate Pam

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Speaker 1: Bondy as his Attorney General. He made the announcement tonight

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Speaker 1: on Truth Social Bondi formerly served as Attorney General in Florida. Now.

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Speaker 1: The previous nominee for AG, Matt Gates, withdrew from consideration

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Speaker 1: given heavy scrutiny over allegations of sexual misconduct. Republican Senator

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Speaker 1: Kevin Kramer says the decision was for the best.

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Speaker 2: I mean, there's a sense of relief about it.

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Speaker 1: Of course.

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Speaker 2: I think he did that pretty noble thing, frankly honorable

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Speaker 2: thing by getting out himself. I thought his statement was appropriate,

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Speaker 2: and I look forward to a new nominee that we

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Speaker 2: can get fully behind.

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Speaker 1: Senator Kevin Kramer of North Dakota. Meantime, the President elect

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Speaker 1: is still fleshing out his economic team. Trump's former top

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Speaker 1: economic advisor, Gary Cohen says the President elect is inheriting

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Speaker 1: a tough fiscal backdrop that would include higher interest rates

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Speaker 1: and the needs of state and local governments.

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Speaker 3: State local governments were not in great position eight years ago.

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Speaker 3: Now think of what's going on with the migrant population,

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Speaker 3: how much money some of these cities and states have

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Speaker 3: spent on immigrants. Now, they didn't say anything prior to

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Speaker 3: the election, but I will be shocked if there's not

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Speaker 3: a huge outcry from some of the major cities in

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Speaker 3: this country about the amount of money they've spent and

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Speaker 3: how much help they're going to need from Washington to

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Speaker 3: make their budgets.

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Speaker 1: Gary Cohen there now the vice chair at IBM. He

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Speaker 1: was a guest earlier on Bloomberg's surveillance. The co founder

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Speaker 1: of Citadel Ken Griffin voicing his support today for Mark

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Speaker 1: Rowan as US Treasury Secretary. Rowan is currently the CEO

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Speaker 1: of Apollo Global Management.

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Speaker 4: Here's Griffin, Marcus is clearly one of the great thought

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Speaker 4: leaders in alternative asset management, and if Mark is offered

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Speaker 4: the opportunity to be Secretary of Treasury, like please take

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Speaker 4: the job.

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Speaker 1: Ken Griffin there, speaking earlier at the Economic Club New York.

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Speaker 1: The Chair of the Securities and Exchange Commission, Gary Gensler,

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Speaker 1: is planning to step down January twentieth. His departure will

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Speaker 1: likely lead to an unwinding of regulations and a more

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Speaker 1: friendly approach to cryptocurrencies. On Thursday, Bitcoin traded above ninety

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Speaker 1: nine thousand for the very first time. The US is

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Speaker 1: condemning the International Criminal Court for issuing arrest warrants against

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Speaker 1: Israeli Prime Minister Benjamin net Niyahu and his Defense Minister

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Speaker 1: Jove Gallant. Here is White House Press Secretary Karin Jean Pierre.

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Speaker 5: We fundamentally reject the Court's decision to issue arrest warrants

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Speaker 5: for senior Israel officials. We remain deeply concerned by the

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Speaker 5: prosecutor's rush to seek arrest warrans and the troubling process

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Speaker 5: eerrors that led to this decision.

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Speaker 1: That is, White House Press Secretary Karine Jean Pierre. Meantime,

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Speaker 1: the White House National Security Council says it's discussing next

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Speaker 1: steps with Israel following those ICC warrants. DirecTV intends to

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Speaker 1: call off its planned acquisition of rival satellite TV service

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Speaker 1: Dish Network. We're told the move comes after DirecTV's parent

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Speaker 1: failed to win the consent of bond holders for a

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Speaker 1: debt exchange. Now last month, DirecTV warned it would terminate

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Speaker 1: this deal by midnight Friday without an agreement on the

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Speaker 1: dead exchange. Workers at Volkswagen across Germany are planning to

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Speaker 1: stage a mass walkout beginning early next month. This is

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Speaker 1: after labor leaders and management failed to reach an agreement

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Speaker 1: over how to cut costs at the carmaker's namesake brand.

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Speaker 1: We have more from Bloomberg's Charlie Pellett.

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Speaker 6: Thorsten Groger. The IG metal union's lead negotiator says warning

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Speaker 6: strikes will start before the next round of talks, which

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Speaker 6: is scheduled for December nineteenth. VW's management and labor leaders

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Speaker 6: have been at loggerheads over how to cope with a

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Speaker 6: drop in demand for electric vehicles, higher operation costs, and

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Speaker 6: increasing competition from Chinese manufacturers. While management has argued the

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Speaker 6: company needs to shutter three German factories and layoff them,

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Speaker 6: thousands of workers, union representatives have pushed to keep the

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Speaker 6: plants open in New York. Charlie Palette Bloomberg.

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Speaker 1: Radio, we're just a week away from Thanksgiving and the

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Speaker 1: start of the holiday travel season. Speaking earlier to reporters,

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Speaker 1: Transportation Secretary Pete Boodhajeje outlined investments by the Biden Harris

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Speaker 1: administration to make travel go smoothly.

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Speaker 7: Our administration has overseen the largest expansion of airline passenger

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Speaker 7: rights and enforcement in the history of our department, during

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Speaker 7: the busiest air travel years in the history of our country,

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Speaker 7: with some of the lowest rates of flight cancelations in

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Speaker 7: over a decade this year.

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Speaker 1: That was Boodhajdge speaking to reporters earlier at Reagan Washington

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Speaker 1: National Airport. Now, over eighteen million passengers are expected to

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Speaker 1: pass through TSA checkpoints during the long Thanksgiving weekend. Meantime,

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Speaker 1: Triple A is projecting nearly seventy two million Americans will

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Speaker 1: travel by car. And that is news when you want it.

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Speaker 1: With Bloomberg, new is now, I'm Doug Prisoner and this

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Speaker 1: is Bloomberg