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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 end of a man hunt

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Speaker 3: in New England. Authorities say they have found the suspect

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Speaker 3: in the mass shooting at Brown University and the murder

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Speaker 3: of an MIT professor in his home. Ted dox is,

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Speaker 3: Special Agent in charge of the FBI's Boston Field office.

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Speaker 4: We got them shortly before nine o'clock tonight. The FBI

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Speaker 4: SWAT team executed at court authorized search wars at stores

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Speaker 4: unit facility in Hampshire Road in Salem, New Hampshire. This

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Speaker 4: is where we located Claudio Navis Valente, the individual who

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Speaker 4: we believe was responsible for the Brown shooting.

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Speaker 3: FBI Special Aid to Charge Ted Dock says Valente was

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Speaker 3: found dead of a self inflicted gunshot wound in that

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Speaker 3: storage unit Providence, Rhode Island Police Chief Oscar says they

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Speaker 3: tracked Valente down after identifying a vehicle that was rented

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Speaker 3: near Brown in Massachusetts. It was actually a video that

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Speaker 3: provided us with a description of a vehicle that was corroborated.

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Speaker 1: Through a tip that was received to the Thiep Center.

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Speaker 3: Providence Police chief Oscar Press says Valente studied physics at

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Speaker 3: Brown in the early two thousands and went to the

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Speaker 3: same university in Lisbon as the murdered MIT professor Nuno Larrero.

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Speaker 3: Authority say it's unclear why he decided to attack the

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Speaker 3: specific lecture hall, where two students were killed and nine

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Speaker 3: others wound it last week.

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Speaker 2: Nathan the suspect, Ladion Nieves. Valente arrived in the US

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Speaker 2: in August two thousand on a student visa and obtained

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Speaker 2: permanent residency through a visa lottery program in twenty seventeen. Now,

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Speaker 2: the Trump administration says it's pausing that lottery, known as

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Speaker 2: the Diversity Immigrant Visa Program.

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Speaker 1: In a post on x Homeland.

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Speaker 2: Security Secretary Christy Nomes said, quote, this heinous individual should

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Speaker 2: never have been allowed in our country, and the pause

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Speaker 2: will end. I'm sure no more Americans are harmed by

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Speaker 2: this quote disastrous program. The visa lottery grants up to

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Speaker 2: fifty thousand green cards a year.

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Speaker 3: Well, Karen, President Trump's been rolling out a series of

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Speaker 3: perks in the last couple of days as he faces

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Speaker 3: growing political and economic uncertainty. This week, the President announced

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Speaker 3: holiday bonus checks for active service members, and now he's

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Speaker 3: followed that up with a boost for the cannabis industry.

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Speaker 5: I will be.

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Speaker 6: Signing an executive order to reschedule marijuana from a Schedule

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Speaker 6: one to a Schedule three control substance with legitimate medical uses.

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Speaker 3: And President Trump's even gotten a perk of his own.

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Speaker 3: His handpicked board at the Kennedy Center voted to add

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Speaker 3: his name to the venue, dubbing it the Trump Kennedy Center.

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Speaker 6: I was honored by its the board as a very

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Speaker 6: distinguished board most distinguished people in the country.

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Speaker 3: That honor for President Trump could face legal hurdles. The

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Speaker 3: law that created the Kennedy Center would require an Act

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Speaker 3: of Congress to rename.

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Speaker 2: It if in President Trump has announced one other perk

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Speaker 2: that applies to federal workers. He signed an executive order

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Speaker 2: giving government employees a five day weekend for the holidays,

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Speaker 2: with days off this year on Christmas Eve and December

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Speaker 2: twenty sixth. The extra holidays will not apply on Wall Street,

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Speaker 2: though the New York Stock Exchange and the Nasdaq both

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Speaker 2: say they will not alter their trading schedules on both

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Speaker 2: of those days. All this is the President prepares to

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Speaker 2: deliver more remarks on the economy at nine pm tonight.

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Speaker 2: You can catch the President's comments right here on Bloomberg Radio.

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Speaker 1: All this Karen.

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Speaker 3: Ahead of a key deadline with major political implications. The

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Speaker 3: Justice Department has until today to release its files on

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Speaker 3: Jeffrey Epstein. That's under the bill that the President signed

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Speaker 3: last month giving the agency thirty days to release most

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Speaker 3: of its files and communications related to the convicted sex offender.

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Speaker 3: Here's House Minoriti Leader Hakim Jeffries.

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Speaker 7: Thanks some more conversations with some of the top Democrats

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Speaker 7: who've been working on this matter. Related to full and

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Speaker 7: complete disclosure of the Epstein files. We do expect compliance,

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Speaker 7: but if the Department of Justice does not comply with

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Speaker 7: what is federal law at this point, they will be

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Speaker 7: strong bipartisan pushback.

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Speaker 3: Itsause Minorti Leader Hakim Jeffries. The records could contain a

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Speaker 3: detailed look at government investigations into Epstein's sexual abuse of

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Speaker 3: young women and underage girls, and whether any of his

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Speaker 3: associates knew about or participated in it.

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Speaker 2: Nathan, Let's turn now to a tragedy in North Carolina.

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Speaker 2: Federal investigators will begin sifting through the wreckage of a

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Speaker 2: business jet that crashed and killed all seven people on board,

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Speaker 2: including retired NASCAR driver Greg Biffle and his family. Aircraft

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Speaker 2: emergency aircraft is down unknown subjects Runway twenty eight and

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Speaker 2: that audio courtesy I Broadcast IF five. The cause of

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Speaker 2: the crash is not immediately known, nor was the reason

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Speaker 2: for the planes returned to the airport in drizzle and

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Speaker 2: cloudy conditions. The fifty five year old Biffle won more

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Speaker 2: than fifty races across NASCAR's three circuits.

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Speaker 3: Turning now Karen to the latest on the war in Ukraine,

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Speaker 3: leaders of the European Union have agreed to a loan

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Speaker 3: package for the next two years for the war torn country.

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Speaker 3: We get more from Bloomberg Chief europe correspondent Oliver Crook.

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Speaker 8: They're going to back a loan of ninety billion euros

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Speaker 8: to the Ukrainians over the next two years, used by

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Speaker 8: joint debt and backed by the European budget, saying that

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Speaker 8: ultimately this is a loan that will only have to

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Speaker 8: be paid back by the Ukrainians if the Russians pay

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Speaker 8: reparations to Ukraine, which we know is a sort of

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Speaker 8: distant prospect and probably an unlikely one, and if not,

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Speaker 8: then it will still be backed by the Russian assets

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Speaker 8: that are still being held by the Europeans.

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Speaker 3: Bloomberg's Olivercrook adds the US has largely cut off its

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Speaker 3: financial support for Ukraine. Without this loan, its funds will

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Speaker 3: run dry by April.

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Speaker 2: Let's turn to the markets now, Nathan futures they're higher

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Speaker 2: following yesterday's CPI report fueled rally. US inflation cooled last month,

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Speaker 2: and as a result, tech stocks led the way, rising

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Speaker 2: one point four percent. Andrew Sliman, head of Applied Equity

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Speaker 2: Advisors at Morgan Stanley Investment Management, thinks the recent selloff

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Speaker 2: on bubble fears may be overblown.

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Speaker 5: Bubbles are caused by excessive value. That's a key component

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Speaker 5: of a bubble. We don't have an excessive valuation today.

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Speaker 5: Do you know that the S and P technology sector

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Speaker 5: is trading at a lower pe today than it was

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Speaker 5: at the beginning of the year.

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Speaker 2: And Morgan Stanley Investment Management's Andrew Sliman notes that the

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Speaker 2: Nasdaq is up nineteen percent so far this year.

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Speaker 3: One stock moving down this morning, Karen is Nike. Those

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Speaker 3: shares are lower by ten percent in early trading. The

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Speaker 3: world's largest sportswear companies, warning sales will decline this quarter,

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Speaker 3: explaining persistent weaknessing China and softness at its converse brand FedEx.

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Speaker 2: Also in the spotlight, Nathan the shipping giant, raised the

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Speaker 2: low end of its profit outlook for the year and

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Speaker 2: reported earnings for the most recent quarter that topped Wall

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Speaker 2: Street estimates. However, shares are still lower, down about nine

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Speaker 2: ten percent in early trading.

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Speaker 3: Karen TikTok says it's signed an agreement for a new

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Speaker 3: US joint venture. This long delayed plan to separate from

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Speaker 3: its Chinese parent Byte Dance was put in motion when

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Speaker 3: the video sharing sensation said it is being bought by

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Speaker 3: a group of buyers led by Oracle. We get more

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Speaker 3: from Bloomberg's senior technology editor Mike Sheppard, and yet.

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Speaker 9: The security guarantees are going to be one of the

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Speaker 9: big questions out there, and the other will be has

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Speaker 9: China signed off on this as well, and we are

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Speaker 9: waiting to see what Beijing will say and if it

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Speaker 9: has been part of the trade conversation.

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Speaker 3: Bloomberg's Mike Sheppard tells Balance of Power host Joe Matthew

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Speaker 3: that the US joint venture will operate as an independent

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Speaker 3: entity controlling data protection, content moderation, and algorithm security, with

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Speaker 3: a new seven member majority American Board of Directors.

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Speaker 2: Time now for a 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 Monica Riggs Monica

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Speaker 2: Good Morning, A.

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Speaker 10: Good Morning care and the Department of Health and Human

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Speaker 10: Services has just proposed new restrictions designed to block access

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Speaker 10: to gender affirming care for minders. This is the latest

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Speaker 10: step by the Trump administration to crack down on care

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Speaker 10: for transgender Americas, and the proposals include cuts to federal

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Speaker 10: Medicaid and Medicare funding from hospitals.

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Speaker 1: They're not final or legally binding.

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Speaker 10: Though these proposals would have to go through a lengthy

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Speaker 10: rulemaking process and are likely to face legal challenges. As

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Speaker 10: Australia continues reeling from a mass shooting on a Honika

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Speaker 10: celebration at Bandai Beach that left fifteen people dead, Prime

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Speaker 10: Minister Anthony Albanisi announced a national gun buyback program to

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Speaker 10: get guns off streets in that country.

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Speaker 11: The government will establish a national gun buyback scheme to

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Speaker 11: purchase surplus newly banned and illegal firearms, the largest buyback

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Speaker 11: since the Howard government initiated one in nineteen ninety six.

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Speaker 10: Yeah Australia did a similar buyback program then after the

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Speaker 10: massacre in Tasmania's Port Arthur.

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Speaker 1: It left thirty five people dead.

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Speaker 10: US Special ENVOYE Steve Wikoff will be meeting with Russian

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Speaker 10: officials this weekend in Florida to discuss a proposed plan

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Speaker 10: to end its war in Ukraine. That meeting follows similar

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Speaker 10: talks with Ukrainian and European officials in Berlin earlier this week.

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Speaker 10: Wikoff is also meeting with senior officials from Qatar, Egypt,

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Speaker 10: and Turkey today in Miami to discuss the next phase

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Speaker 10: of the Gaza Deal. President Trump announced more activities planned

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Speaker 10: for the nation's two hundred and fiftieth birthday next year,

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Speaker 10: including the so called Patriot Games.

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Speaker 6: An unprecedented four day athletic event featuring the greatest high

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Speaker 6: school athletes, one young man and one young woman from

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Speaker 6: each state and territory.

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Speaker 10: Sound familiar. A lot of critics are comparing it to

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Speaker 10: the Hunger Games. Others argue it's just like a youth Olympics.

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Speaker 10: Global News twenty four hours a day and whenever you

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Speaker 10: want it with Bloomberg News. Now.

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Speaker 1: I'm Monica Rix and this is Bloomberg Karen Nathan. Thanks Monica.

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Speaker 2: Time now for our Bloomberg Sports update, and for that

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Speaker 2: we bring in John stash Hour.

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Speaker 12: Thanks Darren. What a game in Seattle, the Rams and

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Speaker 12: Seance plane for first place in the NSC. There were

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Speaker 12: three late changes and then the Rams built up a

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Speaker 12: sixteen point lead with just over eight minutes to play.

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Speaker 12: Seattle with two touchdowns and two two point conversions to

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Speaker 12: get the game to overtime, where they trailed, but then

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Speaker 12: scored a touchdown and added another two pointer. Seattle won

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Speaker 12: thirty eight to thirty seven. The college football playoff again

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Speaker 12: tonight with Alabama at Oklahoma. The Sooners beat the Crimson

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Speaker 12: to it a month ago. That's a Bloomberg Sports update.

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Speaker 1: Stay with us.

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Speaker 2: 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 app. This is Bloomberg Daybreak.

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Speaker 3: Good morning. I'm Nathan Hager, and the nearly week long

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Speaker 3: search is over for the suspect and the Brown University

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Speaker 3: mass shooting and the murder of an MIT professor in

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Speaker 3: his home Providence. Rhode Island Police Chief Oscar Press says

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Speaker 3: they tracked down forty eight year old Claudio Neves Valente

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Speaker 3: dead by his own hand in his storage unit in Salem,

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Speaker 3: New Hampshire.

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Speaker 4: He was a Brown student, He was a Fortuguese and

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Speaker 4: his last name non address was in Miami.

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Speaker 3: Flower Most Providence Police Chief Oscar Pres making the announcement

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Speaker 3: in a news conference last night. This morning were joined

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Speaker 3: by Bloomberg Breaking News editor Alexander Pearson and alex This

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Speaker 3: search that caused a lot of anxiety and frustration across

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Speaker 3: New England. What more do we know about how this

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Speaker 3: case finally broke Good morning.

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Speaker 13: Good morning, Nathan. Yeah, that's right. So Ever since the

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Speaker 13: shooting at Bernie University last week, there had been a

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Speaker 13: multi state manhunt after the suspect, and interestingly enough, actually

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Speaker 13: was actually a tip off from a someone who saw

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Speaker 13: the spect the gunman at the university, who actually posted

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Speaker 13: about this on Reddit and then subsequently went to the

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Speaker 13: police and told him that he had seen a car

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Speaker 13: he believed it was a rental car, and that tip

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Speaker 13: off actually helped the police identify this suspect, the Portuguese

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Speaker 13: national who was found dead yesterday.

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Speaker 3: Do we know anything more at this point, her investors

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Speaker 3: are saying anything more about what motivated this attack. We

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Speaker 3: know that he had connections to Brown and apparently to

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Speaker 3: this MIT professor as well.

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Speaker 13: Yeah, that's right. We don't really know the exact motivation.

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Speaker 13: The police don't believe that the students who were targeted

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Speaker 13: in the shooting at Brown University were actually targeted with intent. However,

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Speaker 13: they do. They do say there is a link between

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Speaker 13: the shooter and the MIT professor who was killed earlier

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Speaker 13: this week, in so far as both are Portuguese nationals

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Speaker 13: and both actually attended the same university in Lisbon, Portugal.

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Speaker 13: I believe it was in the late nineties. They don't

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Speaker 13: know exactly, you know, what the relation was. They think

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Speaker 13: they knew each other, and they yet whether you know

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Speaker 13: what the exact motivation was. But they are pursuing that lead.

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Speaker 3: Now, and we know of course now that given that

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Speaker 3: he was a Portuguese national, we understand here legally in

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Speaker 3: this country. This is leading to some pretty significant changes

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Speaker 3: once again when it comes to immigration policy from the

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Speaker 3: Trump administration.

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Speaker 13: That's right. The Department of Homeland Security Secretary Christy Nome

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Speaker 13: came out yesterday in a post on x announcing that

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Speaker 13: she's ordered this lottery program for green cards that was

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Speaker 13: used by the shooter to enter the US in twenty

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Speaker 13: seventeen to be posed. That program, they assure it abound

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Speaker 13: thousand green cards issued every year under the terms of

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Speaker 13: that program. So that's now being stopped. And as you say,

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Speaker 13: this is coming on the heels of TIDA, travel restrictions

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Speaker 13: on many developing countries, heavy fines for certain types of

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Speaker 13: visa categories, companies, and obviously the online deportation program that

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Speaker 13: the Trump administration has been pursuing since it came into

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Speaker 13: office in January.

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Speaker 3: Yeah, just thirty seconds left. But this draws a lot

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Speaker 3: of comparison to what happened after the National Guard shooting

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Speaker 3: in Washington, d C. With the crackdown there. How much

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Speaker 3: further could this go on?

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Speaker 13: It you know that it's not really clear this moment

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Speaker 13: in time, but it could keep going further. I mean,

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Speaker 13: there are many different visa categories, many different avenues that

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Speaker 13: the Trump administration could legally pursue to titan immigration. We

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Speaker 13: saw that they expanded the travel restrictions to even more

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Speaker 13: countries aft in the wake of that shooting of the

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Speaker 13: National Guard members. So at this point in time, you know,

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Speaker 13: it doesn't seem like this. This might not be the end.

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Speaker 13: I mean, coming into twenty twenty six, we might see

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Speaker 13: even further immigration restrictions coming from this administration.

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