Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with new tensions in Minneapolis. There's been
Speaker 3: another shooting in the city, a week after an Immigration
Speaker 3: and Customs Enforcement agent shot and killed a woman and
Speaker 3: set off nationwide protests. The Department of Homeland Security says
Speaker 3: one of its officers tried to arrest a man during
Speaker 3: a targeted traffic stop, but he ran into a parked
Speaker 3: vehicle and fled on foot. The officer caught up with him,
Speaker 3: but then Minneapolis Police Chief Brian o'harris as two other
Speaker 3: people came out of an apartment and started attacking the officer.
Speaker 4: During the struggle, the federal agent discharged his weapon, striking
Speaker 4: one adult male. The adult male then retreated inside of
Speaker 4: the residents, where he remained inside and refused to come out.
Speaker 3: Minneapolis Police Chief Brian o'harris says all three were eventually
Speaker 3: taken into custody. Both the office and the man who
Speaker 3: was shot are in the hospital. DHS says that man
Speaker 3: is a Venezuelan who entered the US illegally. Minnesota Governor
Speaker 3: Tim Waltz is condemning the ongoing enforcement surge in his state.
Speaker 5: Let's be very very clear, this long ago stopped being
Speaker 5: a matter of immigration enforcement. Instead, it's a campaign of
Speaker 5: organized brutality against the people of Minnesota by our own
Speaker 5: federal government.
Speaker 3: Governor Tim Waltz delivered a primetime address to Minnesota right
Speaker 3: around the time of this latest shooting.
Speaker 2: We want to turn to US foreign policy now, Nathan.
Speaker 2: And there's no end to the tensions between the US
Speaker 2: and Denmark. After a high stakes meeting in Washington over Greenland,
Speaker 2: Danish Foreign Minister Lars Logan Bresmussen says there's still a
Speaker 2: fundamental disagreement over who gets to control the semi autonomous
Speaker 2: territory FOSS.
Speaker 6: Ideas that would not respect territorial integrity of the Kingdom
Speaker 6: of Denmark and the right of such dissemination of the
Speaker 6: Greenlandic people are of course totally unacceptable.
Speaker 2: Well. Danish Foreign Minister Lars Laga Rasmussen says he's agreed
Speaker 2: to set up a working group after a meeting with
Speaker 2: Secretary of State Marco Rubio and Vice President JD.
Speaker 7: Vance.
Speaker 2: Denmark has also announced plans to beef up its military
Speaker 2: presidence in the Arctic. Sweden, Norway, and the UK are
Speaker 2: also sending troops to Greenland, and Germany says it'll send
Speaker 2: more than a dozen personnel to the island to explore
Speaker 2: their own military contribution.
Speaker 3: Turning to the war in Ukraine now Karen, President Trump
Speaker 3: faults Ukraine's leader Vladimir Zelenski as the main obstacle to
Speaker 3: an agreement to end the war that Russia launched against
Speaker 3: his country. In an interview with Reuters, the President described
Speaker 3: Russian President Vladimir Putin as ready to make a deal.
Speaker 3: When pressed on what was impeding in agreement, the President
Speaker 3: replied Zelenski, Well.
Speaker 2: Let's get to the latest developments in Iran. Nathan, President
Speaker 2: Trump is indicating he might hold off on attacking the country.
Speaker 2: The President says he has been reassured the government in
Speaker 2: Tehran would stop killing people involved in protests. Begin more
Speaker 2: from Bloomberg Middle East respondent Jumana Bursecci.
Speaker 8: You don't exactly know who he's spoken to, who's given
Speaker 8: him those reassurances. And again, as we've been reporting, it's
Speaker 8: very difficult and challenging to get live information from the
Speaker 8: ground in Iran because of the communications blackouts. That human
Speaker 8: rights agencies estimate that the death told continues to climb,
Speaker 8: and we're sitting closer to something like three thousand people.
Speaker 2: And Bloomberg middle aged correspondent Jumana Burcecci there, we are
Speaker 2: seeing an impact on the oil market right now. Crude
Speaker 2: is falling. Nim excrude oil and Brent both down more
Speaker 2: than four percent when nim Ex screwed at fifty nine
Speaker 2: dollars twenty eight cents a barrel.
Speaker 3: Here and there are new developments this morning and the
Speaker 3: Justice Department probe into the Federal Reserve. Bloomberg's John Tucker
Speaker 3: has been following that and joins us now with the latest. John,
Speaker 3: Good morning, Good morning Nate.
Speaker 9: President Trump now insists he does not plan to fire
Speaker 9: Federal Reserve Chair Jerome Pwell. In an interview with Reuter's
Speaker 9: Trump saying quote, I don't have any plan to do that. Still,
Speaker 9: The President said he had not a rhyme to at
Speaker 9: a conclusion about whether it's Justice Department probe of the
Speaker 9: FED would give him grounds to oust the FED chair,
Speaker 9: saying it's too early to say. Well, the pushback of
Speaker 9: the probe has been fierce. Republic Considator Tom Tillis sent
Speaker 9: down with Bloomberg balance of power, repeating his concern the
Speaker 9: DOJ's criminal probe threatens FED independence.
Speaker 7: It's remarkable to me that someone in the DOJ would
Speaker 7: move without the President's knowledge, but apparently they did. But look,
Speaker 7: if suddenly the threat of a lawsuit can take a
Speaker 7: chair out of play, how can anybody think that that's
Speaker 7: anything more than a de facto ending the independence of
Speaker 7: the Fed. And we all know what that does to
Speaker 7: markets worldwide.
Speaker 9: Well, Tillo's has sent he would block FED nominations until
Speaker 9: the investigation is resolved. In response to Republican lawmakers like
Speaker 9: Tillis who are criticizing the FED investigation, President Trump responded,
Speaker 9: I don't care and quote they should be loyal in
Speaker 9: New York. I'm John Tucker Bloomberg Radio.
Speaker 2: Right, John, thank you. Let's turn to the markets now,
Speaker 2: where the S and P five hundred saw its first
Speaker 2: back to back losses in twenty twenty six than ASDAK,
Speaker 2: dropping one percent. It was its worst decline in a month,
Speaker 2: and it is lined in all Magnificent seven stocks. New
Speaker 2: Edge Wealth chief investment officer Cameraon Dawson sees more volatility ahead.
Speaker 10: Noting that we are in the fourth year of a
Speaker 10: bull market, and that's where you get a fifty to
Speaker 10: fifty chance as to whether or not it extends into
Speaker 10: a fourth year. And also note that this fourth year
Speaker 10: is coinciding with a midterm electioneer, which also tends to
Speaker 10: have both a higher volatility and lower returns than the
Speaker 10: other years during the election cycle. So fourth year bullmarket
Speaker 10: midterm electioneer that would suggest expect more volatility and lower returns.
Speaker 2: Despite the increased volatility, New Edge Wealths Camera in Dawson
Speaker 2: expect stocks to end the year higher.
Speaker 3: Well tech stocks leading the games this morning, Karen, following
Speaker 3: news from Taiwan's semiconductor manufacturing TSMC, gave us stronger than
Speaker 3: anticipated outlook for twenty twenty six, signaling its confidence in
Speaker 3: the longevity of the global artificial intelligence boom, and shares
Speaker 3: in keys of Plrier ASML holding sort to a record
Speaker 3: in Europe this morning, sending its market value above five
Speaker 3: hundred billion dollars, and in Nvidia shares this morning are
Speaker 3: up one and a half percent. Crew of four astronauts
Speaker 3: has landed back on.
Speaker 11: Earth, splashdown of Crew eleven after one hundred and sixty
Speaker 11: seven days in space. Dragon and NASA astronauts a Xena
Speaker 11: Cardman and Mike Fink, Kimya Yuei of Jackson, and russ
Speaker 11: Cosmos cosmonaut al At Platinum are back on Earth now.
Speaker 3: Those astronauts on doct from the International Space Station aboard
Speaker 3: a SpaceX Dragon capsule. This morning, they splashed down off
Speaker 3: the coast of California, cutting their trip early by about
Speaker 3: a month because of a medical issue on board. NASA
Speaker 3: is not disclosing the name of the astronaut or the
Speaker 3: nature of the medical issue due to privacy concerns. The
Speaker 3: agency is working to accelerate the arrival of the next crew,
Speaker 3: which could be as early as the middle of next month.
Speaker 2: Time now for a look at some of the other
Speaker 2: stories making news in New York and around the world,
Speaker 2: and for that we're joined by Bloomberg's Michael bar Michael,
Speaker 2: good morning.
Speaker 12: Thank you very much, Karen. Vice President JD. Vance cast
Speaker 12: the tie breaking vote in the Senate on the Venezuela
Speaker 12: War Powers Resolution. A group of senators voted with all
Speaker 12: Senate Democrats on the resolution, which would have blocked the
Speaker 12: use of US armed forces within or against Venezuela unless
Speaker 12: authorized by Congress. Vans's vote means the resolution dies.
Speaker 13: On this vote, the yaser fifty, the nayser fifty, the
Speaker 13: Senate being equally divided. The Vice President votes affirmative in
Speaker 13: the point of order is sustained.
Speaker 12: Two Republican senators who previously supported the measure ended up
Speaker 12: voting against it, Senators Josh Holly and Todd Young. Senate
Speaker 12: Minority Leader Chuck Schumer argues that this leaves the door
Speaker 12: open for President Trump to start another forever war.
Speaker 6: Make no mistake about it.
Speaker 2: This vote makes things more dangerous, not less.
Speaker 5: It emboldens Donald Trump to push further down this reckless path.
Speaker 12: Followed finary phone calls from President Trump to pressure GOP
Speaker 12: defectors who last week voted to advance the resolution. It
Speaker 12: is now day four of a nurse's strike in New
Speaker 12: York City. There's no word of any imminent negotiations. About
Speaker 12: fifteen thousand nurses walked off the job Monday from the
Speaker 12: city's three major hospital systems, Mount Sinai, Montefior and New
Speaker 12: York Presbyterian. The New York State Nurses Association union is
Speaker 12: calling for better pay, better benefits, and protection from workplace violence.
Speaker 12: A meazle's outbreak is growing in South Carolina. State officials
Speaker 12: say there have been public exposures in places like retail stores, churches,
Speaker 12: and restaurants. Department of Public Health state epidemiologists doctor Linda Bell.
Speaker 14: We're also seeing ongoing transmission and households where entire households
Speaker 14: of people who are unvaccinated are being infected.
Speaker 12: Doctor Bell says, so far, four hundred and thirty four
Speaker 12: cases have been reported in the South Carolina outbreak, with
Speaker 12: over two hundred reported just one week. Global News twenty
Speaker 12: four hours a day and whenever you want it with
Speaker 12: the Bloomberg News. Now, I'm Michael Barn. This is Bloomberg Karen.
Speaker 2: Thanks Michael. Time now for our Bloomberg Sports update, and
Speaker 2: for that we bring in John stash Hour.
Speaker 15: Thanks Darren. Nine NFL teams we're looking for a new
Speaker 15: head coach, and it looks like the first team to
Speaker 15: make a hire will be the New York Giants. They
Speaker 15: met yesterday with John Harbaugh, who spent the last eighteen
Speaker 15: years in Baltimore, where it is they are working to
Speaker 15: finalize a deal. Quarterback Dante Moore has decided to stay
Speaker 15: in school. He'll be back with Oregon rather than turned pro.
Speaker 15: He was projected as perhaps being the number two pick
Speaker 15: of the draft. A baseball free agent signing, starting pitcher
Speaker 15: Ranger Suarez, formerly with the Phillies, signed with the Red Sox.
Speaker 15: That's your Bloomberg Sports update.
Speaker 2: Stay with us. More from Bloomberg day Break coming up
Speaker 2: after this.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: the Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager. The Trump administration does not
Speaker 3: appear to be backing off its demands to take over Greenland.
Speaker 3: After a high stakes meeting in Washington with the Vice
Speaker 3: President and Secretary of State, Danish Foreign Minister Lars Loga
Speaker 3: Rasmussen says a fundamental disagreement remains.
Speaker 6: Greenland for the time being and for sleep and future
Speaker 6: will remain within the Kingdom of Denmark.
Speaker 3: That was the Danish Foreign minister after the meeting with
Speaker 3: JD Vance and Marco Rubio and joining us from Brussels
Speaker 3: this morning is Bloomberg Chief Europe correspondent Oliver Crook.
Speaker 12: All.
Speaker 3: We saw images of the Danish and Greenlandic foreign ministers
Speaker 3: coming out of that meeting doing fist bumps. But now
Speaker 3: it appears the meeting did not go so well. So
Speaker 3: where do things stand.
Speaker 14: Now, Yeah, there was a lot of videos of them.
Speaker 14: There were also saw a few videos of them chainsmoking,
Speaker 14: sort of going in and out the meetings and maybe
Speaker 14: highlighting some of the stress that they've been under in
Speaker 14: the last couple of days in those meetings with jd
Speaker 14: Vance and Marco Rubia. Listen, I think the headline is
Speaker 14: what we heard, there's the fundamental disagreement still remains. This
Speaker 14: is what we heard from the Danish foreign minister. He
Speaker 14: said that effectively nothing has been resolved at this point,
Speaker 14: that the discussions were frank and constructive, which obviously is
Speaker 14: just diplomatic speak for potentially not a whole lot getting done. Again,
Speaker 14: the sort of starting position for the Danes for Greenland
Speaker 14: is basically not in any material change to the status
Speaker 14: quo legally. They say that the framework that exists currently
Speaker 14: governing the relationship between the United States and Greenland between
Speaker 14: under this treaty from nineteen fifty one, which is again
Speaker 14: gives very expansive powers to the United States in the
Speaker 14: way that it can sort of behave and deploy its
Speaker 14: troops and military operations within Greenland. They say that that
Speaker 14: is adequate to sort of secure the territory from any
Speaker 14: sort of potential hostile activity from the Chinese, from the Russians,
Speaker 14: which is what we've been hearing from Donald Trump. They're
Speaker 14: trying to de escalate the situation. They said that they're
Speaker 14: now going to start this working group, and I thought
Speaker 14: it was interesting that the Danish Foremas just said that
Speaker 14: the working group would be there to explore if if
Speaker 14: they can find a common way forward, because that is
Speaker 14: certainly not assured.
Speaker 3: And in the meantime, we have europe nations beginning to
Speaker 3: send forces to the Arctic, including Greenland, led by Germany.
Speaker 3: I mean that alone is significant.
Speaker 14: It is significant. I think right now it's much more
Speaker 14: of a symbolic gesture than anything sort of material from
Speaker 14: the military heft front. It's a lot of exploratory missions.
Speaker 14: So we have the Germans leading it. He was thirteen
Speaker 14: soldiers that arrived yes or today, I should say yesterday.
Speaker 14: Sweden send a few officers, the UK Norway. We also
Speaker 14: have the French. They're opening a consulate actually in Greenland
Speaker 14: starting in February. They say that that is going to
Speaker 14: be a diplomatic and political message, a signal that they
Speaker 14: would like to send, but we should say, you know,
Speaker 14: this is all about trying to explain, explore different frameworks
Speaker 14: that the Europeans could potentially construct in order to assuage
Speaker 14: some of the fears of the President of the United States.
Speaker 14: But it's also when you have more and more international
Speaker 14: forces on this territory. Again, we don't really believe that
Speaker 14: the United States is going to launch a military campaign,
Speaker 14: but potentially that gets more difficult when you have representation
Speaker 14: from a number of different NATO allies. So maybe not
Speaker 14: a military determ, but potentially a diplomatic deterrent.
Speaker 3: Just thirty seconds left, Oliver, what is the European sense
Speaker 3: about the status of NATO, the strength of NATO right now.
Speaker 14: I think they're very concerned by what they've seen, particularly
Speaker 14: in the last couple of weeks. I mean, we just
Speaker 14: had the ambassador from Belgium or to Belgium from the
Speaker 14: United States on our air this morning. I was speaking
Speaker 14: to him and so was our colleague Stephen Carroll here
Speaker 14: in Brussels, and basically talking about what is the nature
Speaker 14: of American friendship to the European Union at this stage,
Speaker 14: and that is a question he's getting from a lot
Speaker 14: of different sort of diplomats. He was there to basically
Speaker 14: reassure that this is a United States that stands firmly
Speaker 14: behind NATO, that the Donald Trump is a big fan
Speaker 14: of NATO, and that he believes in it as a
Speaker 14: strong alliance. It is the most important alliance that the
Speaker 14: United States has. But frankly, speaking the way that the
Speaker 14: President has been speaking on some of the rhetoric, he
Speaker 14: used some of the same exact language about going the
Speaker 14: easy way in the hard way on Greenland as with Venezuela,
Speaker 14: that does not reassure European allies at all.
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Speaker 11: Ray