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

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Speaker 1: Doug Chrisner. A federal government review board has been unable

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Speaker 1: to reach consensus on a national security review of Nippon

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Speaker 1: Steel's proposed acquisition of US Steel. The Committee on Foreign

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Speaker 1: Investment in the US delivered its final evaluation to the

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Speaker 1: White House late today. This likely sets the stage for

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Speaker 1: President Biden to block this transaction. Here is Bloomberg's Isabelle Reynolds.

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Speaker 2: I think on the Japanese side, it's a much broader

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Speaker 2: unhappiness with the decision. It goes much beyond Nippon Steele Japan. Obviously,

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Speaker 2: the US is its biggest ally in the whole world,

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Speaker 2: or it's only ally in some senses, and anything any

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Speaker 2: decision that sort of throws any doubt on that security

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Speaker 2: alliance and implies that a relationship with Japan is a

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Speaker 2: security threat is something that Japan really doesn't like.

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Speaker 1: That is Bloomberg's Isabelle Reynolds. Now. The companies have signaled

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Speaker 1: they plan to challenge any refusal in court. Bill Clinton

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Speaker 1: is in a Washington hospital after developing a fever. An

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Speaker 1: aid to the former president says he was admitted to

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Speaker 1: Georgetown University Medical Center for Testing and Observation. Donald Trump

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Speaker 1: is tapped billionaire financier Stephen Feinberg as the number two

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Speaker 1: official at the Pentagon. This move is seen as a

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Speaker 1: way for the President elect to support his Defense Secretary

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Speaker 1: nominee Pete Hegseth. Feinberg's appointment signals a more business oriented

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Speaker 1: approach to managing the Department of Defense. New voters will

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Speaker 1: be joining the Fed's Interest Rate Setting Committee in the

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Speaker 1: new year, and they'll be bringing fresh perspectives to this

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Speaker 1: decision making process. The committee faces complex questions, including how

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Speaker 1: quickly to lower interest rates with inflation still above the

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Speaker 1: fed's two percent target, as well as the impact of

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Speaker 1: policy changes from President elect Trump. Thomas Raymond is investment

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Speaker 1: management partner at Callan Family Office.

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Speaker 3: Monterre. Policy is a centerpiece to the head of financial art.

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Speaker 3: Markets operate and they can't be whibsowing back and forth.

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Speaker 3: So that's one sue is there's this thirty six trillion

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Speaker 3: dollar problem that is the federal debt right and a

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Speaker 3: lot of that has to be refinanced at now higher rates.

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Speaker 3: So that is something that has to come into the

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Speaker 3: Fed's calculus and another reason for them to kind of

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Speaker 3: start to lean a little bit more dubvish.

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Speaker 1: He is Thomas Raymond from Callan Family Office.

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Speaker 4: Now.

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Speaker 1: The Fed's next decision is January twenty ninth. US consumer

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Speaker 1: confidence fell in December due to concerns about both the

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Speaker 1: economy and the policies of the incoming Trump administration. The

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Speaker 1: Conference Board says its gauge of confidence fell to a

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Speaker 1: reading of one oh four point seven, led by consumers

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Speaker 1: over thirty five years old. Dana Peterson is chief economist

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Speaker 1: at the Conference Board.

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Speaker 4: We ask consumers, what's the most important thing that you

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Speaker 4: think will impact the economy good or bad. Certainly prices

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Speaker 4: left up, inflation to the top, but also not far

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Speaker 4: after that, we're certainly elections presidents, and also the word

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Speaker 4: tariff actually surged from zero to something notably positive. Sonsumers

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Speaker 4: are paying attention to what's going on in politics, and

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Speaker 4: they're starting at least they're curious to know what that's

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Speaker 4: going to mean for their bottom lines.

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Speaker 1: That's Danda Peterson at the Conference Board. Consumers appear to

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Speaker 1: be increasingly worried about the effect of tariffs. Forty six

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Speaker 1: percent of those surveyed are expecting tariffs to raise the

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Speaker 1: cost of living twenty one percent, though are expecting tariffs

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Speaker 1: to create more US jobs. Honda and Nissan have a

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Speaker 1: tentative agreement to set up a joint holding company. The

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Speaker 1: aim is to create one of the world's largest automakers

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Speaker 1: to better compete with Chinese manufacturers as well as Toyota. However,

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Speaker 1: former Nissan chairman Carlos Gones sees tough times ahead for

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Speaker 1: this merger. Here is Bloomberg Asia Transport editor Nicholas Takahashi.

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Speaker 5: I think with any merger, safe assumption we can make

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Speaker 5: is that where there's overlap and where there's duplication, as

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Speaker 5: former chairman Going said, there's going to be a lot

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Speaker 5: of cuts, and that's part of what makes a merger

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Speaker 5: a benefit for both companies, but also sort of a

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Speaker 5: painful experience.

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Speaker 1: That is Bloomberg Asia Transport Editor Nicholas Takahashi. Honda is

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Speaker 1: also planning to buy back as much as seven billion

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Speaker 1: dollars worth of its common shares. We go to New

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Speaker 1: York next, where Luigi Mangoni has pleaded not guilty to

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Speaker 1: New York state murder charges over the shooting of a

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Speaker 1: top United Health Group executive. Bloomberg's missy at Golf of Polou, says,

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Speaker 1: Mangoni's lawyer expressed concern about getting a fair trial in

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Speaker 1: this high profiled case.

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Speaker 6: We all saw the images that circulated around social media

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Speaker 6: and news outlets last week when it came to Manjone's

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Speaker 6: arrival in New York City. You know, he was handcuffed,

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Speaker 6: wearing orange jumped suit, surrounded by heavily armed police and

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Speaker 6: even New York City Mayor Eric Adams walking behind him.

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Speaker 6: That was the image that his lawyer said was a

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Speaker 6: reason to believe that, you know, he may not be

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Speaker 6: presumed innocence in this case.

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Speaker 1: That is Bloomberg's missy at Golf of Polu. Now, Mangoni

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Speaker 1: was arraigned on multiple counts, including first and second degree murder,

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Speaker 1: criminal possession of a weapon, and possessing a four driver's license.

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Speaker 1: Another hearing has been set for February twenty first. And

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Speaker 1: that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisner, and this is Bloomberg