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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 latest developments after the ouster

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Speaker 3: of Nicolas Maduro, that opposed Venezuelan leader, has had his

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Speaker 3: first court appearance since his capture by the US military.

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Speaker 3: Over the weekend. Maduro and his wife pleaded not guilty

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Speaker 3: to Narco terrorism charges in Manhattan Federal Court. Bloomberg's Miles

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Speaker 3: Miller covered the hearing.

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Speaker 4: When he walked into the court room, he wished people

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Speaker 4: happy New Year, and at one point someone screamed at

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Speaker 4: him and he had a loud outbursts saying he was kidnapped.

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Speaker 4: He and his wife sat wearing headphones in jail garb

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Speaker 4: to listen to translation as Judge Alvin Hallerstein read the

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Speaker 4: charges against him. When asked to enter a plea, Maduro

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Speaker 4: said through an interpreter, I am innocent, I am not guilty.

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Speaker 4: I am a decent man. I am president of my country.

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Speaker 3: Bloomberg's Miles Miller reports the indictment of qu this is

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Speaker 3: madurea of sitting atop an illegitimate government that used its

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Speaker 3: power to protect and promote illegal activity, including drug trafficking.

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Speaker 3: Maduro's attorney, Barry Pollock says he expects voluminous and complicated

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Speaker 3: legal filings for the defense, including that Maduro is immune

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Speaker 3: from prosecution as head of a sovereign nation. Judge Hellerstein

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Speaker 3: said another hearing from March seventeenth, Nathan.

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Speaker 2: With Nicholas Maduro out of power, President Trump is asked

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Speaker 2: Secretary of State Marco Rubio to take the lead on

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Speaker 2: implementing political and economic reforms in Venezuela. Point House Senior

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Speaker 2: Advisor Stephen Miller says the US is getting, in his words, full,

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Speaker 2: complete and total cooperation from the current government in Caracas

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Speaker 2: under Acting President Delse Rodriguez.

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Speaker 5: And as a result of that cooperation, the people of

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Speaker 5: Venezbela are going to become richer than they ever had before.

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Speaker 5: And of course, the United States is going to benefit

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Speaker 5: from this massively in terms of economic security and military cooperation,

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Speaker 5: condor narcotics, counter terrorism, and every other dimension of our security.

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Speaker 2: White House Senior Advisor Stephen Miller did not offer many

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Speaker 2: details on how the US plans to administer Venezuela. Rubio

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Speaker 2: has indicated the US will exert its influence through economic

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Speaker 2: coercion and the threat of more military action and Karen.

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Speaker 3: President Trump has said he wants US oil companies to

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Speaker 3: play a key role in rebuilding Venezuela. In an interview

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Speaker 3: with NBC News, the President said oil majors could be

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Speaker 3: up and running in the country in less than eighteen months,

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Speaker 3: and he suggested the US government could subsidize their efforts.

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Speaker 3: That timeframe is at odds with many industry experts, and

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Speaker 3: the President acknowledges it will take a tremendous amount of money.

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Speaker 3: In his words, President Trump says it's too soon to

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Speaker 3: reveal whether he's spoken to top executives at Exon Mobile, Chevron,

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Speaker 3: or Conco Phillips. Sources tell Bloomberg News Energy Secretary Chris

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Speaker 3: Wright plans to speak with oil execs at a Goldman

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Speaker 3: Sex conference in Miami this week.

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Speaker 2: Nathan Venezuela's new leader is someone many in the oil

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Speaker 2: industry wanted all along, and we get that part of

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Speaker 2: this story with Bloomberg's John Tucker. John, Good morning, Yeah.

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Speaker 6: Good morning, Aaron. Oil executives and lobbyists have long argued

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Speaker 6: that Maduro's number two, Downsey Rodriguez, should fill his shoes

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Speaker 6: of former oil minister herself. Rodriguez has long been the

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Speaker 6: go to contact for senior executives. Gray Law, Capitol chairman

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Speaker 6: and CEO. Hans Hume's a longtime investor in Venezuela. Debt

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Speaker 6: says she's navigated Venezuela's industry through international sanctions, economic pressures,

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Speaker 6: and internal mismanagement.

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Speaker 5: So if you want somebody who can operate in reasonably

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Speaker 5: okay conditions, get the person who operated in the worst conditions.

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Speaker 4: This woman is good well.

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Speaker 6: Trump administration officials were mindful of the chaos that ensued

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Speaker 6: in Iraq after the fall of Saddam Hussein. Maintaining as

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Speaker 6: semblance of business continuity could be critical to a successful transition.

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Speaker 6: You know, York Home, John Tucker, Bloomberg Radio, All.

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Speaker 3: Right, John, thank you. The intervention in Venezuela has fed

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Speaker 3: concerns about other US foreign policy plans. The Prime Minister

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Speaker 3: of Denmark Meta Frederickson is warning that NATO will collapse

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Speaker 3: if the US attacks Greenland. Frederickson spoke with Danish broadcaster TV.

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Speaker 7: Two for the first I believe that the American president

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Speaker 7: should be taken seriously when he says he wants Greenland

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Speaker 7: but I also want to make it clear that if

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Speaker 7: the United States chooses to attack another NATO country militarily,

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Speaker 7: then everything stops.

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Speaker 3: Denmark's Prime Minister Mentor Frederickson, speaking through an interpreter, in

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Speaker 3: an interview with CNN, Whitehouse Senior Advisor Stephen Miller asserted

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Speaker 3: that Greenland rightfully belongs to the United States.

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Speaker 5: Greenland should be part of the United States. The President

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Speaker 5: has been very clear about that. That is the formal

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Speaker 5: position of the US government.

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Speaker 3: And presidential aid. Stephen Miller added the Trump administration could

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Speaker 3: seize the Danish territory if it wanted.

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Speaker 2: We have some health news this morning, Nathan. US officials

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Speaker 2: have taken the unprecedented step of dropping the number of

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Speaker 2: vaccines it recommends for every child, as leaving other immunizations

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Speaker 2: such as flu shots, open to families to choose but

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Speaker 2: without clear guidance. Bloomberg's Amy Morris reports from Washington.

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Speaker 8: Health and Human Services is moving to change the recommendations

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Speaker 8: for childhood vaccinations, including no longer broadly recommending the flu

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Speaker 8: or COVID nineteen vaccines. The CDC will continue to recommend

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Speaker 8: shots for whooping cough, diphtheria. New macaucle polio, measles, and HPV,

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Speaker 8: and all vaccines recommended by the CDC through December thirty

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Speaker 8: first will continue to be covered by the Affordable Care

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Speaker 8: Act and other federal insurance programs. Medical experts are slamming

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Speaker 8: the move. They say this could lead to a reduced

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Speaker 8: uptake of important vaccinations and increased disease in Washington. Amy

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Speaker 8: Morris Bloomberg Radio.

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Speaker 3: Okay, Amy, thank you. We turned to the markets now,

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Speaker 3: where futures are mixed this morning. Following yesterday's gains on

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Speaker 3: Wall Street, the Dow Jones Industrial average led the way,

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Speaker 3: gaining one in one quarter percent as investors shrugged off

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Speaker 3: geopolitical concerns. Lori Calvacina is head of US equity strategy

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Speaker 3: at RBC Capital Markets.

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Speaker 9: We've seen, particularly with geopolitical issues over the past year

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Speaker 9: or so, that investors have tended to take a wait

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Speaker 9: and see approach, maybe pricing in things more at them

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Speaker 9: micro level as opposed to the big picture index level.

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Speaker 9: And I think this is a period of time where

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Speaker 9: we're going to get a lot of information over the

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Speaker 9: next few days. There are different issues that we're monitoring,

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Speaker 9: but at the end of the day, I think that

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Speaker 9: investors are very focused on what does the economic backdrop

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Speaker 9: look like in the US, what does the earnings backdrop

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Speaker 9: look like in the US, and what does the monetary

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Speaker 9: policy backdrop look like in the US. And those are

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Speaker 9: really the bigger picture issues I think people have on

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Speaker 9: their minds heading into the new year.

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Speaker 3: RBC's Lori Calvacina has a twelve month price target of

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Speaker 3: seventy seven to fifty for the S and P five hundred.

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Speaker 3: That's about twelve percent above current levels.

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Speaker 2: Nathan Let's turn out to new developments At the CEES

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Speaker 2: trade show in Las Vegas, and Video CEO Jensen Wong

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Speaker 2: announced a group of AI models and tools designed to

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Speaker 2: speed up the development of autonomous vehicles. The offering is

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Speaker 2: aimed at creating vehicles that can think their way out

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Speaker 2: of unexpected situations such as a traffic light outage. And

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Speaker 2: here's Wong.

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Speaker 10: Today, we're announcing alpamyle, the world's first thinking reasoning autonomous

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Speaker 10: vehicle AI. Alpmio is trained end to end, literally from

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Speaker 10: camera in to actuation out.

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Speaker 2: In another development, Jensen Wong said the company's Reuben and

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Speaker 2: data center processes are in production and demand is strong.

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Speaker 2: Long says the Rubin processor is three and a half

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Speaker 2: times better at training and five times better at running

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Speaker 2: AI software than its predecessor Blackwell.

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Speaker 3: And also at CEES Karen Advanced micro Devices CEO Lisa

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Speaker 3: Sue announced a new chip for corporate data center use.

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Speaker 11: With all of that user growth, we have seen a

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Speaker 11: huge surge and demand in the global compute infrastructure, growing

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Speaker 11: from about one zetaflop in twenty twenty two to more

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Speaker 11: than one hundred zeta flops in twenty twenty five. Now

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Speaker 11: that sounds big, that's actually one hundred times in just

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Speaker 11: a few years.

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Speaker 3: And d CEO Lisa Sue says her companies created did

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Speaker 3: a new multi billion dollar business out of AI chips

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Speaker 3: in the last couple of years. AMD is widely regarded

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Speaker 3: as Nvidia's closest rival.

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Speaker 2: Time now bro look at some of the other stories

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Speaker 2: making news in New York and around the world, and

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Speaker 2: for that ever, joined by Bloomberg's Michael Barr Michael, good Morning.

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Speaker 12: Good morning, Karen. House Democrats are holding an informal hearing

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Speaker 12: to commemorate the January sixth attack on the US capital.

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Speaker 12: House Minority leader Hakim Jeffrey says Democrats plan to honor

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Speaker 12: police officers today who defended the capital. The session will

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Speaker 12: include testimony from law enforcement and others who were at

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Speaker 12: the capitol that day. Minnesota Governor Tim Walls is ending

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Speaker 12: his bid for a third term amid President Trump's focus

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Speaker 12: on a fraud investigation into childcare programs in the state

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Speaker 12: and its Somali community. Wall says the negative attention and

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Speaker 12: Republican attacks make it too hard to serve full time

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Speaker 12: as governor and be a candidate for another term.

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Speaker 13: Every minute that I spend defending my own political interest

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Speaker 13: would be a minute I can't spend defending the people

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Speaker 13: of Minnesota against the criminals who pray on our generosity

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Speaker 13: and the cynics who want to prey on our differences.

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Speaker 12: A person close to Democratic Senator Amy Klobuchar says she's

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Speaker 12: considering running for governor. Activists say the death toll in

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Speaker 12: violence surrounding economic protests in Iran has risen to at

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Speaker 12: least thirty five. It's believed more than twelve hundred people

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Speaker 12: have been detained in the protests. New Orleans police officials

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Speaker 12: say the city endo twenty twenty five with the third

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Speaker 12: straight year of declining violent crimes. The Armed National Guard

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Speaker 12: troops are currently patrolling the city's streets, per the White House,

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Speaker 12: New Orleans Police Superintendent, and Kirkpatrick says that's fine as

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Speaker 12: long as laws are followed and crime is down.

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Speaker 3: We work very well with everyone, so I will just

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Speaker 3: say that collectively, all of us have a role to play,

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Speaker 3: and we're just grateful that crime is down.

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Speaker 5: And I don't care who goes.

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Speaker 4: To the credit.

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Speaker 12: President Trump deployed three hundred and fifty National Guard troops

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Speaker 12: to the state. Global news twenty four hours a day

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Speaker 12: and whenever you want it with Bloomberg News Now Michael Barr,

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Speaker 12: and this is Bloomberg Cameron.

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Speaker 2: Thanks Michael a time now for our Bloomberg Sports Update,

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Speaker 2: and for that we bring in John Stashauer.

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Speaker 14: Thanks Darren Black.

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Speaker 8: Monday.

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Speaker 14: In the NFL, three coaches got fired. Kevin Stefanski after

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Speaker 14: six years in Cleveland. A two time Coach of the Year,

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Speaker 14: he had the best win percentage of any Browns coach

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Speaker 14: since Bill Belichick thirty years ago. Seventy four year old

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Speaker 14: Pete Carroll, the coach for the Raiders for just one

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Speaker 14: season they went three and fourteen. He got fired, so

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Speaker 14: did Jonathan Gannon at Arizona. Top two teams of the

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Speaker 14: NBA's Eastern Conference met in Detroit, and the Pistons blew

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Speaker 14: out the Knicks one twenty one to ninety. That's your

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Speaker 14: Bloomberg Sports Update.

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Speaker 2: Stay with us more from Bloomberg day Break coming up

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Speaker 2: after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Series and

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Speaker 1: around the world on Bloomberg dot Com and the Bloomberg

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Speaker 1: Business Appum. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hagar with Nicolas Maduro now behind

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Speaker 3: American bars. The White House is getting down to his

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Speaker 3: President Trump has put it running Venezuela. White House Senior

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Speaker 3: Advisor Stephen Miller says Secretary of State Marco Rubio will

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Speaker 3: run point with the remaining Venezuelan government.

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Speaker 5: Our conversations are that we are very much getting full,

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Speaker 5: complete and total cooperation from the government of Venezuela.

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Speaker 3: That was White House Senior Advisor Stephen Miller. This morning,

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Speaker 3: we're joined by Bloomberg News correspondent David Gerro, host of

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Speaker 3: The Big Take podcast. In David, do we have a

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Speaker 3: better sense of what running Venezuela is going to look

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Speaker 3: like in these days? After Maduro's ouster, Good morning, Good morning.

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Speaker 15: We really don't. So we know that the President has,

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Speaker 15: as you said, backed the Vice president now acting President

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Speaker 15: of Venezuela, who was sworn in yesterday in that National

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Speaker 15: Assembly meeting. She's somebody with whom oil companies in the

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Speaker 15: US and around the world have some familiarity. She used

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Speaker 15: to be the oil Minister. And what we hear Stephen

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Speaker 15: Miller and Secretary of State Mark Rubia continuing to talk

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Speaker 15: about is this quarantine of oil, this blockade of oil

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Speaker 15: tankers around Venezuela. They see that as their best leverage

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Speaker 15: here going forward, Nathan, They're going to be able to

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Speaker 15: kind of control the economy from the outside and that's

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Speaker 15: going to force that administration that's in office now on

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Speaker 15: this temporary basis to do what the US wants it

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Speaker 15: to do. And what we know, Nathan, at least some

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Speaker 15: broad strokes from the President and famous advisors is they

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Speaker 15: want that Venezuelan administration to work more closely with the

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Speaker 15: United States and with oil companies to reanimate this oil

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Speaker 15: industry that is a shadow of what it once was.

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Speaker 15: And in commons from the President yesterday the NBC News,

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Speaker 15: we have him talking about how he thinks that the

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Speaker 15: estimates that will take a very much longer time to

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Speaker 15: set up that infrastructure are exaggerated. He thinks within eighteen

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Speaker 15: months we can have companies back on the ground getting

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Speaker 15: that oil running more fully once again.

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Speaker 3: Well, that's a pretty tall order, isn't it, given the

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Speaker 3: state of the Venezuelan oil industry and the fact that

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Speaker 3: we don't really have a sense at this point about

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Speaker 3: whether oil industry executives are willing to go in right now.

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Speaker 15: It's a great point. And what we've fir from analysts

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Speaker 15: over the course of the last forty eight hours is

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Speaker 15: this is a decades long project. It's not something that's

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Speaker 15: going to happen quickly. We do know that the Secretary

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Speaker 15: of Energy, Chris Wright, is going to make his way

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Speaker 15: to a conference in the coming days to meet with

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Speaker 15: oil executives to talk to them about the path forward here.

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Speaker 15: But what you rightly point out is what those executives

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Speaker 15: are looking for here is an assurance, some sense of

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Speaker 15: confidence for the administration. There's going to be some stability here.

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Speaker 15: And you look at what's played out on the streets

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Speaker 15: of Caracas and elsewhere in Venezuela over the last few hours.

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Speaker 15: It is not a more tranquil scene that it once was. Yes,

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Speaker 15: Nicholas Maduro is out of the country, he's in Brooklyn.

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Speaker 15: But we've seen these collectivos, these gangs of motorcyclists kind

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Speaker 15: of roaming the city. We've seen counterintelligence groups from roaming

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Speaker 15: the city. We've seen arrests of journalists and others. So

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Speaker 15: it isn't a new sense of stability in the country.

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Speaker 15: Seems far from and again that the leadership has gone

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Speaker 15: at that the highest level. Of course, the president is

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Speaker 15: now here in the United States, but it seems like

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Speaker 15: there is still a great deal of uncertainty and unease

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Speaker 15: across Venezuela.

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Speaker 3: And in our last thirty seconds, David, where is the

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Speaker 3: opposition in all this? The Venezuelan opposition.

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Speaker 15: We heard from Ria Corona Macchiado last night. She was

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Speaker 15: on Fox News and she said she hadn't spoken with

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Speaker 15: President Trump since the tenth of October when she was

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Speaker 15: picked to be the winner of last year's Nobel Peace Prize. Look,

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Speaker 15: she's still retaining hope the opposition is going to get

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Speaker 15: more recognition, that they're going to be guaranteed some safety,

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Speaker 15: that members of the opposition who have been jailed will

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Speaker 15: be released by this new administration, but they don't have

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Speaker 15: the kind of might that they might have hoped going

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Speaker 15: forward here, so that's still very much uncertain as well,

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Speaker 15: Nathan sort of the role they're going to play here

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Speaker 15: going forward.

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