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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 3: stories we're following today.

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Speaker 2: And Karen, that surgeon oil comes on new pressure from

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Speaker 2: the US. President Trump has ordered a blockade of sanctioned

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Speaker 2: oil tankers off Venezuela. On social media, the President added

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Speaker 2: he is designating Venezuelan President Nicholas Maduro's government a foreign

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Speaker 2: terrorist organization. We get more from Bloomberg Steven Stepchinski.

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Speaker 4: You can look at this as a play for regime change.

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Speaker 4: I think you know he's been putting pressure on this regime.

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Speaker 4: In one way to tighten that pressure even more would

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Speaker 4: obviously be taking one of their biggest revenue areas, and

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Speaker 4: that's oil, putting curbs on their oil exports. Already, he's

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Speaker 4: been tightening that through the seizure of a ship earlier

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Speaker 4: this month, as well as just restrictions in general have

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Speaker 4: helped the curb the amount of money flowing into Venezuela

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Speaker 4: and in particular US. But by doing this, you're really

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Speaker 4: siphoning off a very large portion of the revenues from

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Speaker 4: that that the regime can get.

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Speaker 2: And as a result, Bloomberg Steven Stebchinsky says oil is

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Speaker 2: advancing from its lowest level since twenty twenty one. The

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Speaker 2: crew does remain on track for a yearly loss.

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Speaker 3: Meanwhile, Nathan Bloomberg News has learned the US is preparing

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Speaker 3: a fresh run of sanctions on Russia's energy sector if

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Speaker 3: President Vladimir Putin rejects a peace agreement with Ukraine. The

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Speaker 3: discussions over further sanctions come as US and Ukrainian negotiators

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Speaker 3: have made some advances toward the terms of a potential

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Speaker 3: peace accord, but sticking points remain over issues such as

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Speaker 3: territory and security guarantees.

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Speaker 2: Now, Karen, we want to turn to the latest on

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Speaker 2: the death of actor director Rob Reiner. The Hollywood Legend's son,

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Speaker 2: Nick Reiner, has been charged with first degree murder in

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Speaker 2: the deaths of his father and mother, Michelle Singer Reiner.

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Speaker 2: Los Angeles County District Attorney Nathan Hakman says prosecutors are

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Speaker 2: still deciding whether to seek the death penalty now.

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Speaker 5: Prosecuting these cases involving family members are some of the

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Speaker 5: most challenging and most heart wrenching cases that this office

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Speaker 5: faces because of the intimate and often brutal nature of

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Speaker 5: the crimes involved.

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Speaker 2: Relay County DA Nathan Hockman says Nick Rener will undergo

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Speaker 2: a standard medical clearance before he's brought to court to

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Speaker 2: formally hear the charges. He says there if there is

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Speaker 2: evidence of mental illness, it will be presented in court.

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Speaker 2: Nick Reiner was arrested Sunday night after his parents were

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Speaker 2: found dead in their Brentwood home. Robin Michelle Reiner's closest

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Speaker 2: friends have issued a joint statement mourning the couple as

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Speaker 2: a quote special force together, dynamic, unselfish and inspiring. The

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Speaker 2: list includes Billy Crystal, Albert Brooks, Martin Short, Larry David,

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Speaker 2: and their wives in.

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Speaker 3: New England, Nathan, the search continues for the suspect and

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Speaker 3: the mass shooting at Brown University. The FBI has released

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Speaker 3: a five minute video timeline of the suspected gunman walking

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Speaker 3: and sometimes running through the streets of Providence, Rhode Island,

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Speaker 3: before and after the shooting. Providence Police Chief Oscar Perez

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Speaker 3: is appealing to the public for more information.

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Speaker 6: If you have any camera systems or any teslas like

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Speaker 6: I mentioned, that you look at that footage and that

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Speaker 6: you can reach out to us and plash.

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Speaker 3: Provide us anything that you have providence. Felice Chief Oscar

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Speaker 3: Perez and other officials have not named any new persons

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Speaker 3: of interest since an initial suspect was released Sunday night.

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Speaker 3: They also have not indicated a motive, with witnesses giving

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Speaker 3: varying accounts about whether the shooter spoke as he opened fire.

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Speaker 3: The FBI is offering fifty thousand dollars for information that

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Speaker 3: leads to an arrest and conviction.

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Speaker 2: Turned out to Australia Karen, where authorities have charged the

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Speaker 2: surviving gunman in the deadly Sydney Hanukah attack with fifty

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Speaker 2: nine offenses, including murder and terrorism. Twenty four year old

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Speaker 2: Navid Akram remains under police guard in the hospital. Here's

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Speaker 2: Australia's Prime Minister Anthony ALBINIZI, this is.

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Speaker 7: An incredibly traumatic time for members of the Australian Jewish community.

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Speaker 7: It has old sized shiken an nasen and nism will respond,

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Speaker 7: will hold people do account for what has occurred.

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Speaker 2: That's Australia's Prime Minister Anthony Albanezi. Meanwhile, donations to a

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Speaker 2: go Fundme page for achmedal Akhmed, the forty three year

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Speaker 2: old who tackled and disarmed. One of the shooters has

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Speaker 2: passed two point four million dollars.

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Speaker 3: We turned to Europe now, Nathan, and the Trump administration

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Speaker 3: is threatening retaliation against the European Union in response to

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Speaker 3: efforts to tax American tech companies. At issue our regulations

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Speaker 3: governing digital COMMERSUS, the EU moves to regulate and tax

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Speaker 3: US tech giants including Alphabet, Meta and Amazon. Begin more

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Speaker 3: from Bloomberg Chief Europe Correspondent Oliver Crook and Brussels.

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Speaker 8: There's been a big issue for the Trump administration since

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Speaker 8: the very beginning. We're now getting the US Trade representative

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Speaker 8: coming out on Twitter really amping up the rhetoric and

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Speaker 8: saying that if things do not change, they're going to

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Speaker 8: target European companies. What is sort of a peculiar about

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Speaker 8: this time around is that he has named all of

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Speaker 8: the companies that they're looking at. They are Accenture, Amedeis,

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Speaker 8: cap Gemini, DHL, Mistral Publicists, SAP, Zieman's and Spotify. So

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Speaker 8: there you get a sort of real cross cut of

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Speaker 8: companies across Europe, mainly focused in France and Germany, the

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Speaker 8: two biggest economies within the Eurozone.

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Speaker 3: Bloomberg Chief you're of correspondent Oliver Crooks as critics of

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Speaker 3: the EU's digital tax plans say they are slowing down

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Speaker 3: technological innovation and unfairly seeking to raise revenue.

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Speaker 2: In the nation's capital, Karen Moderate House lawmakers will not

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Speaker 2: get to vote on extending Affordable CARECT premium subsidies before

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Speaker 2: they expire at the end of this year. We get

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Speaker 2: more from Bloomberg z Amy Morris.

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Speaker 9: In Washington, House Speaker Mike Johnson is blocking a Republican

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Speaker 9: push for a vote on renewing expiring Obamacare subsidies. There

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Speaker 9: are three discharge petitions aimed at forcing the vote. Republican

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Speaker 9: Representative Mike Lawler of New York says there should be

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Speaker 9: a vote, and he's sounded off on the House floor.

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Speaker 10: Eleven Republicans have signed on to those discharge petitions. Now,

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Speaker 10: why is that necessary?

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Speaker 2: Because House Republican leadership will.

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Speaker 10: Not allow a vote.

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Speaker 4: It is idiotic and shameful, and yet my Democratic College

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Speaker 4: will not join us.

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Speaker 9: Now, the House is set to vote on a consensus

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Speaker 9: GOP healthcare package, but an ACA fix is not likely

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Speaker 9: to be among what passes. In Washington. Amy Morris, Bloomberg Radio.

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Speaker 3: Right, Amy, thank you about President Trump is delivering a

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Speaker 3: prime time addressed to the nation tonight. The White House

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Speaker 3: says the President will use the speech to detail his

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Speaker 3: historic accomplishments and he's some policy coming in the new year.

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Speaker 3: It comes at a pivotal time, with the President's pull

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Speaker 3: numbers softening any economy facing headwinds.

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Speaker 2: Well Karen, Chicago FED President Austin Golesby says he expects

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Speaker 2: strong economic growth into twenty twenty six. He says interest

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Speaker 2: rates should be able to fall if inflation declines toward

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Speaker 2: the Fed's target. Your schools be speaking on CNN.

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Speaker 11: I'm still pretty optimistic that the economy will sustain at

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Speaker 11: a stabilized rate that's pretty decent. And if it can

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Speaker 11: do that and inflation go back headed down to something

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Speaker 11: like two percent, can go down.

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Speaker 2: Chicago Fed President Austin Golesby defended his recent dissent against

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Speaker 2: a FED rate cut. He says he wants to see

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Speaker 2: more data before agreeing to more easing.

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Speaker 3: In company news, Nathan Bloomberg has learned open Ai is

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Speaker 3: in initial discussions to raise at least ten billion dollars

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Speaker 3: from Amazon and use its chips. Sources say the deal

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Speaker 3: under discussion could value open Ai north of five hundred

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Speaker 3: billion dollars and see it adopt Amazon's Trainium chip. A

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Speaker 3: deal would mark a win for Amazon's fledgling semiconductor division

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Speaker 3: and complement its cloud division, Amazon Web Services. Amazon shares

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Speaker 3: They're up one point three percent this morning.

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Speaker 2: And Karen, Jared Kushner's Affinity Partners is getting out of

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Speaker 2: the bidding war for Warner Brothers Discovery, the private equity firm,

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Speaker 2: withdrew it's backing of Paramount Skydance's hostile takeover proposal. Sources

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Speaker 2: say Kushner's involvement in a deal that the president has

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Speaker 2: said he would personally review drew a lot of unwelcome attention.

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Speaker 2: Of course, Jared Kushner is President Trump's son in law.

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Speaker 2: Bloomberg News has learned Warner Brothers is urging its shareholders

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Speaker 2: to reject Paramount's latest offer, as they recommend supporting the

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Speaker 2: existing deal with Netflix.

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Speaker 3: Time now for look at some many o their stories

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Speaker 3: making news in New York and around the world, and

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Speaker 3: for that we're joined by Bloomberg's John Tucker. John, Good morning,

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Speaker 3: h Good morning, Karen.

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Speaker 10: The proposed White House ballroom will now cost as much

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Speaker 10: as four hundred million dollars. President Trump gave the latest

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Speaker 10: estimate last night. The proposed cost of the ballroom has

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Speaker 10: steadily risen, from two hundred million to the president's latest estimate.

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Speaker 10: Its scale has also grown, with a president at first

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Speaker 10: saying it won't interfere with the current building before instead

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Speaker 10: bulldozing the entire East wing. President Trump says he's standing

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Speaker 10: by his chief of staff Susie Wiles, following her explosive

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Speaker 10: interview with Vanity Fair While saying Trump has an alcoholics personality,

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Speaker 10: she also said Vice President jd Vance has been a

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Speaker 10: conspiracy theorist for a decade. Vans responded, sometimes I am

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Speaker 10: a conspiracy theorist, but I only believe in the conspiracy

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Speaker 10: theties that are true. Well also points of finger at

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Speaker 10: Attorney General Pam Bondy, saying Bondy completely whiffed her handling

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Speaker 10: of demands to release the files on Jeffrey Epstein, a

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Speaker 10: professor at MIT, was fatally shot in his Boston area home.

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Speaker 10: Polase are now looking for a suspect. Neighbors tell police

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Speaker 10: they heard a commotion last night.

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Speaker 12: At about nine o'clock. I heard through that bangs. I

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Speaker 12: thought at first it was somebody in our apartment, kicking

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Speaker 12: in the door or something. So I called the neighbors

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Speaker 12: and they said no, they thought it was gunshots.

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Speaker 10: Forty seven year old Union Lorerio head MIT's Plasma Science

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Speaker 10: and Fusion Center. The incident occurred as authority's continual manhunt

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Speaker 10: for the person who killed two students Saturday at a

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Speaker 10: rampage of Brown University in Providence, Rhode Island, about forty

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Speaker 10: miles south of Boston. And Pope Leo is expected to

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Speaker 10: accept Timothy Cardinal Dolan's resignation this week. It will possibly

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Speaker 10: name a bishop from the pontiff's Illinois home state to

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Speaker 10: lead the Orange Diocese of New York. According to The

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Speaker 10: New York Post, the Pope is considering daming Bishop Ron

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Speaker 10: Hicks of Juliet, Illinois to replace Dolan. Dolan has reached

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Speaker 10: the mandatory retirement age of seventy five. Global News twenty

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Speaker 10: four hours Day and whenever you want it with Bloomberg News. Now,

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Speaker 10: I'm John Tucker, and they see his Bloomberg Karen.

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Speaker 3: Thanks John. Time now for our Bloomberg Sports update, and

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Speaker 3: for that we bring in John stash Hour.

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Speaker 10: Thanks Karen.

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Speaker 13: The Knicks in Las Vegas won the NBA Cup that

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Speaker 13: Trails San Antonio by eleven late in the third quarter

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Speaker 13: won the four thirty five to nineteen. Won the game

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Speaker 13: one twenty four to one thirteen. Jalen Brunson twenty five

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Speaker 13: points was the NBA Cup MVP. Each player gets over

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Speaker 13: five hundred and thirty thousand dollars. All of the win

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Speaker 13: actually doesn't even count in the standings. Big NFL game

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Speaker 13: tomorrow night, Rams and Seahawks in Seattle for first in

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Speaker 13: the NFC. The Rams not ruling out wide out Devonte

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Speaker 13: Adams despite his hamstring injury. That to Bloomberg Sports Update.

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Speaker 9: Stay with us.

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Speaker 3: More from Bloomberg day Break coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,

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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 2: Good morning, I'm Nathan Hager. Oil is rallying this morning

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Speaker 2: with geopolitical Risk Now on a couple of fronts. President

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Speaker 2: Trump says he is ordering a quote total and complete

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Speaker 2: blockade of sanctioned tankers in and out of Venezuela, and

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Speaker 2: sources are telling Bloomberg News that the US is preparing

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Speaker 2: a fresh round of sanctions on Russian energy if President

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Speaker 2: Vladimir Putin doesn't agree to a peace deal with Ukraine.

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Speaker 2: For more on all this, we're joined by Will Kennedy,

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Speaker 2: Bloomberg's news director for Europe, the Middle East, and Africa. Will,

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Speaker 2: good morning. Let's start with Venezuela. This seems like a

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Speaker 2: pretty significant step up in this ongoing campaign between the

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Speaker 2: US and the Maduro regime.

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Speaker 6: Good morning, Good morning, Nathan. Great to be with you. Yes,

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Speaker 6: that's exactly right. It does seem a very meaningful increase

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Speaker 6: in the economic pressure that the Trump administration is putting

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Speaker 6: on a Maduro. It's clear that this is ratcheting up.

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Speaker 6: And we should note how dependent Venezuela is on the

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Speaker 6: dollar earnings that export of oil brings to them, So

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Speaker 6: it really if this is enforced, it could really make

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Speaker 6: life quite difficult for the Venezuelan government.

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Speaker 2: What could this mean as well for the oil majors

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Speaker 2: in the US that work with Venezuela well.

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Speaker 6: The announcement that Trump made talked about sanctioned oil tankers

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Speaker 6: being blockaded, which suggests to me that those tankers carrying

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Speaker 6: oil from Chevron, which is the one remaining oil major

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Speaker 6: still working in Venezuela and determined to stay there will

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Speaker 6: be allowed to flow. So I think it suggests that

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Speaker 6: there will be this distinction between oil being carried on

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Speaker 6: sanctioned tankers, which is being marketed by Pedavessa, the state

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Speaker 6: old company, and often being sold to buyers in the

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Speaker 6: Far East into China and places like that will be blockaded,

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Speaker 6: but the flow of oil from Chevron will probably be

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Speaker 6: allowed to continue. But we're still trying to learn all

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Speaker 6: the precise details of how this will work.

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Speaker 2: Well, what have we learned about these discussions around even

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Speaker 2: further sanctions against Russia's energy sector. We know that there

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Speaker 2: have been plenty of sanctions thus far.

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Speaker 6: Yes, it's another demonstration of how willing Trump and his

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Speaker 6: administration is to use energy sanctras as energy sanctions, as

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Speaker 6: leverage as it seeks to pursue its goals internationally. What

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Speaker 6: Trump wants is for a peace proposal to be agreed

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Speaker 6: between the US, Ukraine, and European countries and to put

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Speaker 6: that proposal to Russia in the hope of getting a

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Speaker 6: truce as soon as possible. What the US is now

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Speaker 6: telling us is that they are willing if Russia doesn't

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Speaker 6: come to that process, If Russia doesn't in age. If

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Speaker 6: it seeks for along the war, it is willing to

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Speaker 6: impose further sanctions to curtail its oil exports. And again,

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Speaker 6: Russia is a very meaningful export of on in the world,

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Speaker 6: and it is very dependent on that revenue to keep

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Speaker 6: its war economy going. So it is one way in

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Speaker 6: which to acert fresher on Vladimir Putin's government.

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