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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Chrisner.

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Speaker 1: The US Supreme Court has cleared the way for President

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Speaker 1: elect Trump's sentencing in his hush money criminal case. This

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Speaker 1: is a symbolic setback for Trump as he prepares to

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Speaker 1: begin his second term in office. Here is Bloomberg Legal

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Speaker 1: analyst June.

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Speaker 2: Grosso, Judge Murshawan and a lot of people when he

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Speaker 2: first came out and said I'm not going to give

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Speaker 2: him any sentence said well, what's the point of the sentencing? Then, well,

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Speaker 2: the point is that now Trump couldn't say that, oh,

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Speaker 2: the judge may sentence me to time, or the judge

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Speaker 2: may sentence me to probation, or who knows what, because

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Speaker 2: the judge had said, I'm not going to sentence you

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Speaker 2: to anything. I'm going to give you what's called an

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Speaker 2: unconditional discharge. And basically what this is is a symbolic sentencing,

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Speaker 2: so that Trump is now, yes, a convicted felon, and

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Speaker 2: that felony is on the books in New York.

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Speaker 1: That is Bloomberg Legal analyst June Grosso. Now, the sentencing

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Speaker 1: hearing is scheduled for Friday morning at ninth th Am.

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Speaker 1: Wall Street time. Trump says he will appeal the verdict

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Speaker 1: in New York state courts. Here is Trump.

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Speaker 3: It's a judge. It shouldn't have been on the case.

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Speaker 3: He's a highly conflicted judge and frank and they called

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Speaker 3: for an appeal. So I read it and I thought

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Speaker 3: it was a fair decision. Actually, so I'll do my

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Speaker 3: little thing tomorrow. They can have fun with their political opponent.

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Speaker 1: At his President Elect Trump speaking there. Meantime, a federal

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Speaker 1: appeals court has decided not to block the release of

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Speaker 1: Special Council Jack Smith's report on Trump's twenty twenty election

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Speaker 1: interference case. We go to Los Angeles next, where several

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Speaker 1: wildfires continue to burn as firefighters struggle to gain control.

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Speaker 1: At least one hundred eighty thousand people have been evacuated,

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Speaker 1: and officials now confirm seven people have died. New evacuations

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Speaker 1: have been ordered in the West Hills area of Los Angeles,

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Speaker 1: where a new blaze named Kenneth has exploded from an

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Speaker 1: initial fifty acres earlier today to nearly eight hundred. Los

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Speaker 1: Angeles Mayor Karen Bass says the city will get through

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Speaker 1: this disaster.

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Speaker 4: We're going to clear the way to rapidly rebuild our

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Speaker 4: neighborhood infrastructure, which means roads, sidewalks, street lights, and utilities.

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Speaker 4: We will clear the way to rebuild and open our

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Speaker 4: small businesses and provide assistance to make it through these disclosures.

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Speaker 1: That is Los Angeles Mayor Karen Bass. Now at least

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Speaker 1: ten thousand structures have been either destroyed or damaged. Meantime,

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Speaker 1: President Biden says the federal government is covering one hundred

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Speaker 1: percent of the cost of the California wildfires for one

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Speaker 1: hundred eighty days. This federal funding will help the state

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Speaker 1: pay for firefighters and equipment along with the cleanup and recovery.

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Speaker 5: Here's Biden's going to pay for things like debrion, hazard

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Speaker 5: material removal, temporary shelters, first responders, salaries, and all necessary

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Speaker 5: measures to protect life and property.

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Speaker 1: President Biden also told California Governor Gavin Newsom to spare

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Speaker 1: no expense in tackle these blazes. Saying goodbye to a president.

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Speaker 1: The final funeral service for former President Jimmy Carter was

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Speaker 1: held this afternoon at Marinantha Baptist Church in Plains, Georgia.

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Speaker 1: That's where Carter served for decades as a Sunday school teacher.

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Speaker 1: He'll be buried alongside his late wife, first Lady roseland Carter.

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Speaker 1: A lot has been said of the legacy Carter leaves.

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Speaker 1: Here is doctor Nancy Mitchell, professor at North Carolina State.

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Speaker 6: When I was in his presence, his spirituality, his faith

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Speaker 6: just sort of emanated from him. And that's not a

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Speaker 6: sentence that I say very often, but he really was clearly,

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Speaker 6: deeply spiritual and a man of courage.

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Speaker 1: That is doctor Nancy Mitchell, professor at North Carolina State.

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Speaker 1: Business News in Nvidia is criticizing new chip export restrictions

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Speaker 1: expected to be announced soon by the White House. The

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Speaker 1: chip maker says these controls will harm the American economy

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Speaker 1: and do nothing to promote US national security. Now, if

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Speaker 1: the policy is announced, it would come less than two

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Speaker 1: weeks before Donald Trump is set to be sworn in

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Speaker 1: as Joe Biden's successor. Markets will be locked in on

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Speaker 1: tomorrow's US jobs data as they look for signs on

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Speaker 1: the direction of monetary policy. Here's Bloomberg's Michael McKee.

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Speaker 7: The consensus is unemployment was unchanged in December, but it

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Speaker 7: did unexpectedly rise in November. A repeat wouldn't be great

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Speaker 7: news for the Fed they are considering pausing their rake

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Speaker 7: cut path at this month's policy meeting, largely because they

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Speaker 7: feel the labor market remains in good shape. On the

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Speaker 7: other hand, any big rise in average hourly earnings would

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Speaker 7: also be an unwelcome surprise, raising more concern about wage inflation.

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Speaker 7: The biggest surprise may be how many jobs were created

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Speaker 7: during the month. The range of forecasts is unusually wide,

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Speaker 7: from one hundred twenty thousand at the low end to

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Speaker 7: two hundred and sixty eight thousand at the top. Michael McKee,

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Speaker 7: Bloomberg Radio.

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Speaker 1: In sports, the college football playoffs are in full swing.

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Speaker 1: The Orange Bowl has just gone final. Notre Dame defeated

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Speaker 1: Penn State twenty seven to twenty four. Now the Fighting

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Speaker 1: Irish will go on to face tomorrow's winner of the

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Speaker 1: Cotton Bowl between Ohio State and Texas. And that is

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

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Speaker 1: deg Christmer, and this is Bloomberg