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

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Speaker 1: Doug prisoner in New York. The Bank of Japan made

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Speaker 1: no change to its policy. The BOJ kept the policy

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Speaker 1: rated a negative ten basis points and the target for

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Speaker 1: the yield on the ten uere JGB was maintained at

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Speaker 1: around zero percent. The BOJ noted extremely high uncertainties around

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Speaker 1: economic activity and prices. US Defense Secretary Lloyd Austin announced

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Speaker 1: a new maritime multi nation task force. It's intended to

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Speaker 1: counter threats in the Red Sea. It will protect commercial

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Speaker 1: vessels traveling through the Red Sea from attacks by Huthi militants.

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Speaker 1: This comes as the Huthis have claimed repeated attacks in

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Speaker 1: the Red Sea over the last several days. The US

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Speaker 1: and its allies say those attacks are intended to provoke

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Speaker 1: a wider war in the Mideast. An earthquake in China's

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Speaker 1: Gungshu Province has killed about one hundred people. Local state

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Speaker 1: media say the magnitude six point two quake struck late Monday.

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Speaker 1: Another eleven people were killed in neighbouring Chinghai and He's

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Speaker 1: president Chi Jinping has called for efforts to minimize casualties.

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Speaker 1: Senate Republican leaders have made it clear that a quick

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Speaker 1: deal on border security is out of reach before the

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Speaker 1: Christmas holiday. This all but guarantees votes on both Ukraine

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Speaker 1: and Israel AID will be punted into next year. John Thune,

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Speaker 1: the number two Senate Republicans, said negotiators were unable to

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Speaker 1: resolve thorny issues during the talks over the weekend. Here

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Speaker 1: is Bloomberg, Salaya Mosen.

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Speaker 2: It seems like they are going to go home. I

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Speaker 2: think the key problem here is that everyone is trying

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Speaker 2: to put a different shade of lipstick on this pig.

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Speaker 2: Democrats are worried that if they make too many concessions

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Speaker 2: to Republicans' demands on border security, there's going to be

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Speaker 2: some progressives on the Democratic Party in their way, that

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Speaker 2: side of the part of the party that is not

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Speaker 2: going to be able to stomach a yes vote. And

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Speaker 2: there's a similar dynamic playing out on the Republican side.

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Speaker 1: That is Bloomberg Salaya Moson. The judge in Donald Trump's

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Speaker 1: New York civil fraud trial, has denied the instant win.

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Speaker 1: Mister Trump was looking for more from Bloomberg's Ed Baxter.

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Speaker 3: In the denial, Justice Arthur Engern criticized that Trump defense

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Speaker 3: and suggested the star witness was motivated by money. He

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Speaker 3: said the motion ignored significant evidence of wrongdoing and rehashed

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Speaker 3: old arguments the Justice, saying the star witness proves it

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Speaker 3: for a million dollars or so. Some experts will say

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Speaker 3: whatever you want them to say. New York professor Eli

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Speaker 3: Bartov was paid more than thirteen hundred dollars an hour

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Speaker 3: for his work on the case, totaling at least eight

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Speaker 3: hundred and seventy seven five hundred dollars. Trump's attorney say

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Speaker 3: the Justice ignored real facts for real participants in the

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Speaker 3: real world. Closing arguments, January eleventh, ed Baxter Bloomberg Radio.

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Speaker 1: Apple will stop selling the latest versions of its smartwatch

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Speaker 1: in the US. This is a response to a patent

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Speaker 1: dispute with a medical tech firm, Massimo. Now. Massimo says

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Speaker 1: it invented a censor measuring blood oxygen levels. The feature

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Speaker 1: was added to the Apple Watch back in twenty twenty,

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Speaker 1: but in October, the US International Trade Commission ruled Apple

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Speaker 1: violated Massimo's patents and Apple would need to halt sales

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Speaker 1: of these infringing devices. Now, a presidential review of that

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Speaker 1: order is now underway. It will not end until December

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Speaker 1: twenty fifth. Earlier, we heard from Dan Ives, managing director

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Speaker 1: at Webbush Securities, he doesn't think smart watch sales will

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Speaker 1: be impacted in the long run.

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Speaker 2: There have been some issues on the Apple watch side

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Speaker 2: and a lot of the really around models in terms

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Speaker 2: of what they're trying to drive.

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Speaker 1: I view this is just a small bump in the room.

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Speaker 4: But I actually think watch seals is howadays season are going.

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Speaker 1: To be up double digit.

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Speaker 2: I've view this is sort of noise relative to the

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Speaker 2: broader story, that.

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Speaker 1: Is Dan Ives from Webbush Securities. Nippon Steele has agreed

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Speaker 1: to buy US Steel. The enterprise value of this transaction

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Speaker 1: fourteen point nine billion dollars. Bemo Capital Markets called the

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Speaker 1: value surprising. Here's Bloomberg's Brooks Sutherland.

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Speaker 4: It is certainly a very robust premium. I mean, I

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Speaker 4: think that underscores the value of these assets, especially in

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Speaker 4: the context of the sheer amount of investment we're seeing

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Speaker 4: in the US in infrastructure and also in factory construction.

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Speaker 4: You need steel to make all of those things. US

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Speaker 4: Steel has also been pivoting toward greener production strategies all

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Speaker 4: of that is very valuable and these are scarce assets.

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Speaker 4: There's not that many big steel companies left to purchase

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Speaker 4: and for Nipon, the ability to gain a really strong

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Speaker 4: foothold in the US, I think is what's really driving

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Speaker 4: this premium here.

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Speaker 1: That is Bloomberg's brook Sutherland US steel shares finished up

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Speaker 1: twenty six percent in the US session. That's news when

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Speaker 1: you want it with Bloomberg News. Now, I'm Doug Chrisner

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Speaker 1: and this is Bloomberg