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Speaker 1: Markets, headlines and breaking news twenty four hours a day

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Speaker 1: at Bloomberg dot Com, at Bloomberg Business Outland at Bloomberg Quicktake.

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Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow

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Speaker 1: and this updates brought to you by s EI. Built

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Speaker 1: on advanced technologies and fifty years of innovation, s EI

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Speaker 1: offers asset Managers, a comprehensive and flexible operations outsourcing platform.

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Speaker 1: Go to s C i C dot com slash managers

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Speaker 1: and futures this morning are on the rise. S and

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Speaker 1: P futures of twenty two points or six tents of uppercent.

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Speaker 1: DAL futures have two hundred sixty four points or eight

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Speaker 1: tens of a percent, and as the features at forty

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Speaker 1: three points or four tenths of uppercent. The decks in

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Speaker 1: Germany is up eight tenths of a percent. The ten

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Speaker 1: year treasury up one thirty second YELD three point six

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Speaker 1: seven percent, yield on the two year four point to

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Speaker 1: two percent. NIMEX screent oil is up more than two

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Speaker 1: percent of a dollar. Say it's seventy seven dollars eighty

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Speaker 1: four cents of barrel. Go make skull There is down

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Speaker 1: a tenth of a percent on a dollar ninety At

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Speaker 1: eighteen twenty three, fifty announced the euro one point six

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Speaker 1: one four against the dollar, British pound one point two

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Speaker 1: zero nine nine, and the Yunis had won thirty one

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Speaker 1: point eight seven. Look at a big coin, it's little

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Speaker 1: change at about sixteen thousand, nine hundred dollars. And that's

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Speaker 1: a Bloomberg business flash, Nathan. All right, Karen, thank you

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Speaker 1: to six fifty six on Wall Street Bloomberg surveillances. Next,

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Speaker 1: first we take a look at the stocks moving in

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Speaker 1: the pre market. Bloomberg Radio on TV. Markets correspondent Kritty

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Speaker 1: Gupta is here with a really long list of stocks,

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Speaker 1: starting off with Nike after the earnings. Cretty, it's interesting,

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Speaker 1: despite all the talk about recession next year, people still

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Speaker 1: want their kicks. Yeah, it looks like the analysts really

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Speaker 1: got busy this morning, which makes our jobs a little

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Speaker 1: more interesting. And k is the taker for Nike shares

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Speaker 1: up about a twelve point six percent. We'll call it thirteen.

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Speaker 1: It's coming after analysts hiking their price targets. After exactly

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Speaker 1: what you said, Nathan, a quarterly sales beat for Nike

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Speaker 1: that the robust update demonstrates the brand's strength to despite

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Speaker 1: a pretty tough macroeconomic backdrop, that is a glowing stamp

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Speaker 1: of approval if I've ever heard of one. Um So

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Speaker 1: that's going to be a crucial mover this morning and

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Speaker 1: really rewarded by the stock market, at least in the

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Speaker 1: pre market for by a lot of investors. The other

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Speaker 1: one that's getting a little bit of a boost this morning,

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Speaker 1: Tesla shares t s l A shares up about one

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Speaker 1: point three percent. This morning comes after Elon must confirmed

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Speaker 1: that he will resign as CEO of social media firm

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Speaker 1: Twitter when a successor is found. Instead, he's gonna focus

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Speaker 1: on the engineering teams of it. Remember that inverse correlation

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Speaker 1: between Twitter and Tesla still very much alive. The idea

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Speaker 1: here that if he does indeed leave Twitter, then Tesla

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Speaker 1: gets more of his attention, and that's a good thing

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Speaker 1: for that business at least has the way it's interpreted

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Speaker 1: in the market. But remember there is also a part

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Speaker 1: of the story that you need to keep an eye on,

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Speaker 1: which is reports on Tesla itself preparing for a hiring freeze.

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Speaker 1: It's coming from Electric Nathan Tesla implementing a hiring freeze

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Speaker 1: and a new round of layoffs in the first quarter

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Speaker 1: of three, once again not reported by Bloomberg, reported by

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Speaker 1: Electric but looking to not quite dent the stock games

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Speaker 1: this morning. Now we're also seeing some gains for companies

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Speaker 1: that are beating on earnings, particularly fed X. I mean,

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Speaker 1: we were going into these earnings thinking they would disappoint

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Speaker 1: and what a surprise here. Yeah, we are seeing them

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Speaker 1: rally this morning about four percent after second quarter earnings

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Speaker 1: once again beat those estimates. And remember FedEx employed a

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Speaker 1: really interesting strategy. They try to get ahead of the

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Speaker 1: hiring problem going into the holidays, really trying to say, well,

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Speaker 1: labor is important to us, We're going to get ahead

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Speaker 1: of it. And the earnings really reflected that that was

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Speaker 1: a winning strategy. They beat those analysts estimates. They also

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Speaker 1: have price increases and cost cuts that also helped um

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Speaker 1: really just kind of make it up on the bottom line,

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Speaker 1: even if you did see that dropping volume. So interesting

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Speaker 1: story out of FedEx. I'll leave you with one last one,

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Speaker 1: and that of course is going to be Starbucks, the

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Speaker 1: stock declining by eight tenths of one percent. Downgraded to

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Speaker 1: a hold over at Jeffreys. Now they are positive on

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Speaker 1: the U S restaurant area, and UH sector broadly, but

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Speaker 1: they are downgrading Starbucks just for today. Okay, Bloomberg Radio

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Speaker 1: and TV Markets correspondent Credi Gupta, I will see you

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Speaker 1: in the pantry to get our load up on the

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Speaker 1: coffee right now. SUP futures up twenty three point, staff

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Speaker 1: futures up two D seventy and Nastack futures higher by

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Speaker 1: forty five points. This is Bloomberg Daybreak. I'm Nathan Hagar

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Speaker 1: along with Karen Moscow. It is six fifty nine on

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Speaker 1: Wall Street and Bloomberg Surveillance starts right now, live from

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Speaker 1: the financial capital of the world, broadcasting across the globe.

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Speaker 1: This is w b b R, New York, Bloomberg Living Trio.

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Speaker 1: It's clear that banker Japan's gotta hip next year. It's

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Speaker 1: the end of an era and investors have to get

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Speaker 1: used to higher interesting markets headlines and breaking news twenty

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Speaker 1: four hours a day at Bloomberg dot Com, the Bloomberg

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Speaker 1: Business at and at Bloomberg Quick Tape. He's He's a

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Speaker 1: Bloomberg Business line and I'm Karen Moscow. Futures are on

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Speaker 1: the rise this morning. We go to the First Word

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Speaker 1: Breaking news desk for today's morning call, and here's Bill Maloney, Bill,

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Speaker 1: good morning, Good morning, Karen. That's right. US hugues are

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Speaker 1: firmly in the green, helped by earnings from FedEx and Nike.

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Speaker 1: You just fromally up two point says if he's game twenty,

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Speaker 1: and Nazic futures are higher by forty. The US ten

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Speaker 1: yield at three point six eight percent, Gold is down five,

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Speaker 1: oil is trading in the green, and bitcoin is little changed.

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Speaker 1: Japan fell point seven overnight, while up markets are also

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Speaker 1: in the green this morning and back in the US.

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Speaker 1: On the economic front at ten o'clock, existing home sales

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Speaker 1: and consumer confidence after the LS night, Nike sales and

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Speaker 1: gross margins beat estimates, and FedEx profit also topped estimates

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Speaker 1: regarding earnings this morning. Look for Carnival to report in

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Speaker 1: the pre market. In other news, Electric report that Tessa

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Speaker 1: to implement a hiring freeze and new layoffs and wrapping

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Speaker 1: things up. Breaker was cut to hold well bred Jeffreys

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Speaker 1: live from the first breaking news testom Bill Maloney, care fright, Biel,

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Speaker 1: thank you to here live breaking news over your Bloomberg

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Speaker 1: type squawk on your terminal ascue. You a w K

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Speaker 1: and that's a Bloomberg Business Flash. Now here's Michael Barr

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Speaker 1: with Moore on what's going on around the world. Michael Karen,

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Speaker 1: thank you very much. The House Ways and Mains Committee

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Speaker 1: voted to release former President Trump's tax information to the public.

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Speaker 1: So far, we have learned that dozens of audit triggers

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Speaker 1: litter Trump's tax returns. According to Congress's top nonpartisan tax lawyers,

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Speaker 1: there are questionable private jet expenses and large, unsubstantiated charitable deductions.

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Speaker 1: Ukrainian President Volodamir z Lenski will be in Washington and

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Speaker 1: we'll meet with President Biden today. In the NBA, the

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Speaker 1: NIXT beat the Warriors one nine four, the Wizards one,

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Speaker 1: the NHL Rangers Devil's Lost, Big Old Baseball News Carlos

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Speaker 1: Korea has reportedly agreed to sign with the Mets in

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Speaker 1: a twelve year, three fifteen million dollar deal. Global News

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Speaker 1: twenty four hours a day on air and on Bloomberg Quicktake,

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Speaker 1: powered by more than twenty seven under journalist and analysts

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Speaker 1: more than twenty countries. Michael Barr and this is Bloomberg

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Speaker 1: careth Marry. Michael Barr, thank you. It is sixty two

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Speaker 1: on Wall Street and let's turn to news now in

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Speaker 1: science and technology with the Bloomberg and j I T

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Speaker 1: STEM Report, and it's brought to you buy New Jersey

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Speaker 1: Institute of Technology and j I T offers New Jersey's

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Speaker 1: first undergraduate degree in fintech tech driven finance focused What

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Speaker 1: will you make at n j I T. Learn more

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Speaker 1: at n J A T DOT E d U slash fintech.

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Speaker 1: You know here's just making news and science, technology, engineering,

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Speaker 1: and math. Virgin Orbit has been granted a license to

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Speaker 1: launch satellites from the UK, paving the way for the

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Speaker 1: first ever space mission from European soil. Early in the

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Speaker 1: new year, the UK Civil Aviation Authority gave permission to

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Speaker 1: operate from Spaceport Cornwall in southwest England after an official

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Speaker 1: sign off from Transport Secretary Mark Harper. Brazil's government had

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Speaker 1: reassert his global climate credentials by selling a bond where

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Speaker 1: the interested pays creditors hinges on whether the country protects

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Speaker 1: the Amazon rainforest. That's the proposal gaining momentum among bankers, investors,

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Speaker 1: and researchers who say the nation should follow in the

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Speaker 1: footsteps of Latin American piers Chile and Uruguay by issuing

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Speaker 1: sustainability linked debt and the Reserve Bank of India award

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Speaker 1: that failing to regulate cryptocurrencies could ignite the next financial crisis.

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Speaker 1: The warning comes in light of the global cryptocurrency meltdown

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Speaker 1: that led to billions of dollars being wiped out. And

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Speaker 1: that's the Bloomberg and J. A. T. Stem report. Nathan,

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Speaker 1: all right, Karen, thank you for coming up to sixty

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Speaker 1: four on Wall Street. It's down time to check what's

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Speaker 1: going on in d C, where this will be a

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Speaker 1: historic day as President's lens give Ukraine comes to Washington,

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Speaker 1: while President Biden offers billions more dollars and Patriot missiles.

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Speaker 1: Also making news in the nation's capital, former President Trump's

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Speaker 1: tax returns to be released after Democrats voted in that

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Speaker 1: favor in the House, and the Biden administration urging the

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Speaker 1: Supreme Court to allow pandemic border restrictions to end. Bloomber

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Speaker 1: Government reporter Emily Wilkins was one of the reporters who

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Speaker 1: actually broke the news that Zelenski will be coming to Washington,

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Speaker 1: d C. Today, So pleased to say Emily is live

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Speaker 1: with us now. Emily, good morning. Quite a message that

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Speaker 1: this first trip outside Ukraine for Zelenski is to the

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Speaker 1: nation's capital. I mean absolutely, Nathan, And of course it

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Speaker 1: comes at the time as Congress is preparing to move

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Speaker 1: this major spending bill with funding for Ukraine, and there

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Speaker 1: Joe Biden is also going to unbuild nearly two billion

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Speaker 1: dollars of assistance and announced a move to deliver a

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Speaker 1: Patriot missile battery to help Ukraine folster its defenses this winter.

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Speaker 1: And it's just showing right now the US is ongoing

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Speaker 1: support of Ukraine. But of course, naedn we have heard

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Speaker 1: lawmakers begin a number of them, particularly on the Republican side,

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Speaker 1: to say that they are concerned about the amount of

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Speaker 1: money that is going to Ukraine, that they think it

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Speaker 1: should be better used to help them Americans. Uh, this

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Speaker 1: is not a majority of Republicans. It is a minority

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Speaker 1: at this point. But it'll be interesting to see how

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Speaker 1: Zelenski's visit today, what he says, how he employs Congress

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Speaker 1: who potentially set the stage for those future funding battles

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Speaker 1: once Republicans have control of the House. It's interesting ahead

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Speaker 1: of this visit, we're already getting reaction from the Kremlin

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Speaker 1: spokesman Dmitri Peskoff is saying that the delivery in particular

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Speaker 1: that we're expecting of Patriot missiles will only lead to

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Speaker 1: an escalation of the conflict and saying that does not

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Speaker 1: bode well for Ukraine. Could this visit potentially be a

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Speaker 1: pivot point in the war? I mean, I think it

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Speaker 1: really does remain to be seen exactly what impacts such

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Speaker 1: a visit like this is going to have. It certainly

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Speaker 1: sends a strong message about the US and Ukraine in

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Speaker 1: the relationship between the two and House Speaker Nancy Pelosi,

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Speaker 1: before she officially noticed everyone that this was going to happen,

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Speaker 1: she sent out a message members being like, you should

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Speaker 1: really make sure that you are here in person on

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Speaker 1: Wednesday night. We're going to have something very special on democracy.

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Speaker 1: And I think that's sort of the implications here the

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Speaker 1: roots that you're going back to the sense that the US,

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Speaker 1: you know, wants to support democracies, will continue to support

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Speaker 1: Ukraine for as long as it takes for this invasion

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Speaker 1: to be completed. And I know you've been following just

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Speaker 1: how the logistics are going about to get Zelensky out

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Speaker 1: of Ukraine into the US. What are you hearing about,

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Speaker 1: what's allowing this trip even to go forward. I mean,

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Speaker 1: it's definitely a lot of details for this flip trip

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Speaker 1: have been very closely held. It's going to not be

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Speaker 1: a very long trip. We know that, you know he's

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Speaker 1: it was announced yesterday, uh evening, about twenty four hours

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Speaker 1: before he's going to come. And usually when you have

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Speaker 1: something like that, yes, like it's a high security, high risk,

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Speaker 1: many details. And Zelenski he hasn't left Ukraine really since

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Speaker 1: has very much been there. He did tweet that he

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Speaker 1: was on the way to the US to strengthen resilience

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Speaker 1: and defense capabilities and that he and Biden with discuss

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Speaker 1: cooperation between the Ukraine and the US. Now, the other

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Speaker 1: big stories if that weren't enough of a big story

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Speaker 1: in Washington, d C. We're waiting to get the public

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Speaker 1: release of former President Donald Trump's tax returns. This is

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Speaker 1: something that the former president has literally been fighting for

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Speaker 1: years to avoid. Yes, and Democrats are getting it right.

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Speaker 1: big music, of course, yesterday Committee voted to release Donald

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Speaker 1: Trump tax information to the public, and the three years

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Speaker 1: we are going to see some redactions being made, so

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Speaker 1: the documents aren't going to be coming out right away,

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Speaker 1: but it's going to bring into some questions of several

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Speaker 1: things that Trump has done with his taxes, UM, the

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Speaker 1: validity of several deductions that Trump has trying to make

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Speaker 1: unsubstantial charitable donations, and of course I think something a

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Speaker 1: lot of folks have been interested in how his businesses

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Speaker 1: are doing and how many taxes did he pay UM,

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Speaker 1: And certainly those are all questions that that people are

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Speaker 1: going to be paying a close attention to. UM. But

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Speaker 1: it'll be interesting to see what Republicans do once they

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Speaker 1: get into the majority in the House next year. Kevin Brady,

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Speaker 1: who's retiring but is currently the committee's top Republican, said

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Speaker 1: that Democrats are making a mistake releasing the tax returns,

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Speaker 1: and this is a precedent that gives Republicans a lot

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Speaker 1: more room to go after and to look at what

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Speaker 1: Biden and future Democratic presidents do. All right, So we'll

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Speaker 1: be looking for those fuller details, and of course we'll

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Speaker 1: do expect the arrival first time outside the country for

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Speaker 1: Ukrainian President Vladimir's lenskin. He's going to be spending a

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Speaker 1: few hours today in Washington, d C. Lots for Bloomberg

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Speaker 1: government reporter Emily Wilkins. To keep an eye on Emily.

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Speaker 1: As always, thank you for the update, and you can

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Speaker 1: read more at Bloomberg dot com or on the Bloomberg terminal.

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Speaker 1: Follow all the latest on Bloomberg Radio in Washington. There

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Speaker 1: could be a lot of details coming out from there

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Speaker 1: on Bloomberg and one oh five point seven FM HD two.

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Speaker 1: Head of the market open futures are pointing to a

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Speaker 1: higher open, with SMP futures up nineteen point, staff futures

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Speaker 1: up two nine and NASDAC futures right now higher by

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Speaker 1: thirty nine points ten. Your treasury is up one thirty second,

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Speaker 1: the yield three point six seven percent yield on the

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Speaker 1: two year four point to two percent. Nim X screwed

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Speaker 1: higher by one point six percent at seventy seven dollars

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Speaker 1: forty eight cents of barrel, and just taking a look

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Speaker 1: at the end. Now it's slightly weaker against the dollar

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Speaker 1: after the big surge. The Bank of Japan moved training

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Speaker 1: right now one point eight six. This is Bloomberg Markets,

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Speaker 1: headlines and breaking news twenty four hours a day at

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Speaker 1: Quick Tape. He's a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: This update brought to you by Innovation and Refunds. Your

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Speaker 1: Find out at get refunds dot com. Watching shares a

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Speaker 1: Nike this morning, there have more than twelve and a

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Speaker 1: half percent after it posted another quarter of inventory build up,

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Speaker 1: but quarterly sales exceeded. While street estimates, futures are higher.

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Speaker 1: SMP futures have eighteen points or half percent, DAL futures

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Speaker 1: up two dy nine points or seven tenths of uppercent

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Speaker 1: NASDACK futures have thirty five points or three tents of

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Speaker 1: uppercent and the tenure treasury that will change at three

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Speaker 1: point six eight percent, and they yield on the two

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Speaker 1: year four point to three percent. And that's a Bloomberg

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Speaker 1: business flash. Now here's Michael Barr with more on what's

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Speaker 1: going on around the world. Michael Karen, thank you very much.

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Speaker 1: A House committee voted to release former President Trump's tax

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Speaker 1: returns to the public. So far, we have learned of

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Speaker 1: dozens of audit triggers. According to Congress's top nonpartisan tax lawyers,

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Speaker 1: there are questionable private jet expenses and large, unsubstantiated charitable deductions.

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Speaker 1: Ukrainian President Voladimir z Lensky heads to Washington for his

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Speaker 1: summit with President Joe Biden to address Congress today. In

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Speaker 1: the NBA, the next beat the Warriors one thirty two

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Speaker 1: ninety four. The Wizards won in the NHL, the Rangers

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Speaker 1: and Devils lost. In baseball, Carlos Corea has reportedly signed

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Speaker 1: with the Mets in the twelve year, three hundred fifteen

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Speaker 1: million dollar deal. Global News twenty four hours a day

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Speaker 1: on here and on Bloomberg quick Take, powered by more

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Speaker 1: than twenty seven hundred journalists and analysts more than a

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Speaker 1: hundred twenty countries. I'm Michaelabar. This is Bloomberg, NA. Thanks Michael.

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Speaker 1: At six twenty three on Wall Street. I'm Nathan Hagar.

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Speaker 1: This is Bloomberg Daybreak on what will be a historic

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Speaker 1: day in the nation's capital with President Vlada Merrit Zelensky

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Speaker 1: of Ukraine heading to Washington. I want to get more

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Speaker 1: now on this. We're joined live by Lindsay Newman. She's

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Speaker 1: the executive director of Economics and Country Risk at SMP

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Speaker 1: Global Market Intelligence. Lindsay, good morning. This visit is going

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Speaker 1: to be dramatic, I'm sure, only for a few hours

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Speaker 1: in the nation's capital, and it's coming at a time

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Speaker 1: when the support for Ukraine, particularly from Congress, maybe a

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Speaker 1: little bit shaky. Is that part of the reason why

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Speaker 1: President Zelenski is making this trip. Good morning, Nathan, and

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Speaker 1: thank you for having me on. I couldn't agree more

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Speaker 1: that this is a historic moment. We we really cannot

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Speaker 1: overstate the significance of this trip. We've all seen and heard.

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Speaker 1: Of course President Zelinsky make addresses before the UN Security Council,

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Speaker 1: of the European Parliament and even US Congress, but today

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Speaker 1: he will actually be there in person. It's the first

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Speaker 1: time he will have less physically less Ukraine since Russia

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Speaker 1: invaded on the death We've now just crossed through the

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Speaker 1: day mark into the conflict, and that's really what the

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Speaker 1: trip is about. It's ensuring that the US and Ukraine

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Speaker 1: remain united. That's what Biden's message will be. The Lensky's

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Speaker 1: message is of course going to be about resources and

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Speaker 1: and support. So unity but in the form of resources

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Speaker 1: and support. And we're hearing anything that this comes with

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Speaker 1: Biden's expecting to announce an additional two billion insecurity assistance

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Speaker 1: to Ukraine during the visit itself. What what's the level

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Speaker 1: of support that you're forecasting from the US for Ukraine

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Speaker 1: going forward when we do have a new Congress coming in,

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Speaker 1: a new Republican majority in the House of Representatives. Biden's

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Speaker 1: message has been that America will be there for Ukraine

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Speaker 1: for as long as it as long as it takes.

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Speaker 1: This is what they this is what the White House

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Speaker 1: was saying just yesterday, and it's pre meeting notes. So

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Speaker 1: from the top, the ambition, the intention is to remain

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Speaker 1: committed to Ukraine's as long as it takes. There is

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Speaker 1: a sense from the administration that this remains a bipartisan support. Sure.

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Speaker 1: Right before the election, we saw, for example, um, some

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Speaker 1: some Republicans suggesting that they could rethink funding for for

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Speaker 1: Ukraine should they win Congress, that win in both the

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Speaker 1: House and then and of course we know where the

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Speaker 1: election lands. But since then there has been this committed commitment,

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Speaker 1: this commitment to bipartisan support, and we have of course

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Speaker 1: the funding bill, the omnibus bill that was proposed UM

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Speaker 1: and released revealed yesterday, which would include forty five billion

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Speaker 1: and an additional aid for Ukraine and Bernato as part

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Speaker 1: of the one point six five spending utrillion spending bill

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Speaker 1: for fiscal Of course, that will require bipartisan support, which

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Speaker 1: remains to be seen. UM. And we are in the

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Speaker 1: moment of the Lane Duck session, just about thirty seconds

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Speaker 1: left here, lindsay, could the delivery of Patriot missile, something

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Speaker 1: that the Ukrainian president has been asking for for mon

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Speaker 1: be a pivot point in this war. It's a it's

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Speaker 1: a great question, I mean, V. Lindsey has been asking

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Speaker 1: for this, and now we are hearing that, in fact

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Speaker 1: the Biden administration is going to deliver on on those

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Speaker 1: on those Patriot missiles. They will come with training, and

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Speaker 1: the US remained committed to increasing the training four troops

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Speaker 1: who are going to need to be able to deploy

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Speaker 1: and use that mental Thank you, Lindsey, good having you

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Speaker 1: on with us this morning. Lindsay Newman, Executive director of

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Speaker 1: Economics and Country Risk at SMP Global Market Intelligence. Again,

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Speaker 1: we are expecting President Zelensky of Ukraine to arrive in

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Speaker 1: Washington this afternoon. Stay with Bloomberg Radio for frequent updates

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Speaker 1: and full coverage of the Ukrainian president's day in the

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Speaker 1: nation's capital. Now, let's get a look at the Bloomberg

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Speaker 1: Weather forecast. I pressures in control of weather across the

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Speaker 1: Tristate area. Today, We'll have partial sunshine in the b

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Speaker 1: forty will clad up tonight THTT five. Big storm to

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Speaker 1: our west sends rain our way. Tomorrow after noon it'll

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Speaker 1: be breezy, fifty to fifty five, rain heavy at times,

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Speaker 1: wendy Tomorrow night alow a fifty. The rain ends Friday afternoon,

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Speaker 1: windyhisner fifty five. Temperatures fall through the afternoon Friday, then

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Speaker 1: cold for the Christmas weekend. I'm Rob Caroline with your

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Speaker 1: three day forecast on Bloomberg eleven three oh broadcasting live

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Speaker 1: from the Bloomberg Interactive Broker studio in New York. Bloomberg

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Speaker 1: even freed to Washington, d C. Bloomberg on to Boston

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Speaker 1: Bloomberg one oh six, one, to San Francisco, Bloomberg nine

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Speaker 1: sixty to the country Sirius XM chad A one nineteen

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Speaker 1: and around the globe the Bloomberg Business app and Bloomberg

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Speaker 1: Radio dot Com. This is Bloomberg Daybreak. Now we're coming

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Speaker 1: up to six thirty on Wall Street. Good morning, I'm

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Speaker 1: Nathan Hagar and I'm Karen Moscow. We are just about

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Speaker 1: three hours away from the open of US trading. Time

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Speaker 1: for the five things you need to notice our your

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Speaker 1: slash r i A first Ukrainian President, Vladimir's A. Lensky,

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Speaker 1: is leaving Ukraine for the first time since Russia's invasion

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Speaker 1: to address Congress in person in the nation's capital. Bloomberg

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Speaker 1: Government reporter Jack Fitzpatrick says it's a big moment in

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Speaker 1: the debate over aid to the country. There have been

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Speaker 1: some questions about really where House Republicans come down in

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Speaker 1: the firmness of their support for Ukraine. To have a

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Speaker 1: joint addressed to Congress and in person addressed especially, would

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Speaker 1: be a very significant moment at a pivotal time, because

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Speaker 1: these kinds of agreements are going to be a bit

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Speaker 1: more difficult when it's a Republican House and a Democratic Senate.

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Speaker 1: Bloomberg Government's Jack Fitzpatrick reports at President Biden plans to

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Speaker 1: announce two billion dollars in assistance to Ukraine. The meantime,

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Speaker 1: Karen a House committee has voted to officially release former

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Speaker 1: President Donald Trump's tax information to the public. The actual

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Speaker 1: returns will come out of a few days. The analysis

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Speaker 1: so far shows Trump used questionable deductions and aggressive tax

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Speaker 1: strategies to minimize his bills. On Outo Elon Musk Nathan,

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Speaker 1: the head of Twitter, says he'll step down as CEO

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Speaker 1: when a replacement is found, and this comes as the

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Speaker 1: FTC deepens its investigation into Twitter's use of user data.

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Speaker 1: And there's more news from another Musk company, Karen Electric

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Speaker 1: Vehicle website Electric tweeted this morning that Tesla is implementing

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Speaker 1: a hiring freeze and a new round of layoffs, and

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Speaker 1: the extradition of Sam Bankman, freed from the Bahamas is

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Speaker 1: picking up steam. Nathan, the FDx co founder, could be

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Speaker 1: making his way a state side today Bloomberg Steve Rappaport

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Speaker 1: joins US Live with more. Steve, good morning, Good morning

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Speaker 1: Karen and Nathan. FBI agents are expected to escort Sam

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Speaker 1: Bankman freed on a private flight back to the US

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Speaker 1: after he signs a waiver of extradition in court. Yesterday,

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Speaker 1: Bankman Freed signed his surrender documents, paving the wake of

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Speaker 1: the disgraced ft X founder to return. SPF has been

430
00:23:53,359 --> 00:23:55,840
Speaker 1: held at the notorious Fox Hill Prison on the outskirts

431
00:23:55,840 --> 00:23:58,720
Speaker 1: of Nassaustin's. The judge denied his request for bail. The

432
00:23:58,760 --> 00:24:01,600
Speaker 1: possibility of making b here reportedly played a role in

433
00:24:01,640 --> 00:24:05,080
Speaker 1: his decision to no longer contest extradition. Live in New York,

434
00:24:05,080 --> 00:24:08,040
Speaker 1: I'm Steve Rappaport, Bloomberg Daybreak. All right, Steve. Thanks. As

435
00:24:08,080 --> 00:24:10,960
Speaker 1: for markets, European stocks are advancing along with US futures.

436
00:24:11,040 --> 00:24:13,679
Speaker 1: Yesterday I saw the SNP five clothes higher for the

437
00:24:13,720 --> 00:24:16,600
Speaker 1: first time in four sessions, and the end is studying

438
00:24:16,680 --> 00:24:18,960
Speaker 1: against the dollar after this week's move from the bank

439
00:24:19,000 --> 00:24:22,080
Speaker 1: in Japan. Right now the Japanese currency is at one

440
00:24:22,119 --> 00:24:25,640
Speaker 1: thirty one point nine four against the dollar. And that's

441
00:24:25,640 --> 00:24:27,880
Speaker 1: the five things you need to notice start your day.

442
00:24:27,880 --> 00:24:31,400
Speaker 1: Brought to you by Interactive Brokers. And again, futures are

443
00:24:31,400 --> 00:24:34,399
Speaker 1: on the rise this morning. SMP futures up about eighteen

444
00:24:34,440 --> 00:24:37,400
Speaker 1: points or half percent. DAL futures have two hundred twenty

445
00:24:37,440 --> 00:24:40,200
Speaker 1: seven points or seven tenths of a percent, and NASDAG

446
00:24:40,280 --> 00:24:43,240
Speaker 1: futures have thirty five points or three tenths of a percent.

447
00:24:43,640 --> 00:24:46,440
Speaker 1: Straight ahead, we have your latest to local headlines, plus

448
00:24:46,440 --> 00:24:53,760
Speaker 1: a check of sports. And this is Bloomberg. Thank you,

449
00:24:53,840 --> 00:24:56,399
Speaker 1: Karen six thirty one on Wall Street. And Michael bar

450
00:24:56,560 --> 00:24:57,880
Speaker 1: is here with war on what's going on in New

451
00:24:57,960 --> 00:25:00,680
Speaker 1: York and around the world. What do my call? Morning, Nathan.

452
00:25:00,720 --> 00:25:03,680
Speaker 1: New York City police are investigating an apparent accident that

453
00:25:03,800 --> 00:25:07,080
Speaker 1: happened in the subway in Manhattan. Authorities say the victims

454
00:25:07,080 --> 00:25:09,240
Speaker 1: of forty four year old man and a sixty three

455
00:25:09,320 --> 00:25:11,680
Speaker 1: year old woman had been hit by an L train

456
00:25:11,800 --> 00:25:15,800
Speaker 1: but the conductors of two subsequent trains did not notice

457
00:25:15,840 --> 00:25:18,960
Speaker 1: the victims and also struck them. This woman was at

458
00:25:18,960 --> 00:25:22,400
Speaker 1: the Sixth Avenue stop. New Yorkers were tough. We don't

459
00:25:22,440 --> 00:25:25,280
Speaker 1: care a lot about but it's like sometimes, you know,

460
00:25:25,400 --> 00:25:28,160
Speaker 1: it takes a little time just to like pay attention

461
00:25:28,200 --> 00:25:31,919
Speaker 1: to something. Officials don't believe the victims were connected, and

462
00:25:32,280 --> 00:25:34,840
Speaker 1: mt A agent shot a man who was following him

463
00:25:34,880 --> 00:25:38,040
Speaker 1: and his work partner to a Brooklyn subway station last night.

464
00:25:38,320 --> 00:25:41,160
Speaker 1: According to ABC seven, it's believed the on duty agent

465
00:25:41,240 --> 00:25:43,679
Speaker 1: was guarding his partner, who was removing money from a

466
00:25:43,760 --> 00:25:47,080
Speaker 1: machine at the Atlantic Avenue Barclay Center station when the

467
00:25:47,080 --> 00:25:50,440
Speaker 1: incident occurred. A last minute plea from New York City

468
00:25:50,440 --> 00:25:54,280
Speaker 1: Mayor Eric Adams as holiday travelers continued to arrive, even

469
00:25:54,320 --> 00:25:58,480
Speaker 1: as flu, RSV and COVID cases continued to rise nationwide

470
00:25:58,960 --> 00:26:02,240
Speaker 1: this year, particularly around the flu. From the from the

471
00:26:02,280 --> 00:26:06,440
Speaker 1: briefing we receive, the numbers are higher than this traditionally

472
00:26:06,520 --> 00:26:08,720
Speaker 1: is around this year, and when you combine it with

473
00:26:09,480 --> 00:26:12,560
Speaker 1: the other elements that we're facing, the other rs VS,

474
00:26:12,960 --> 00:26:16,320
Speaker 1: COVID nineteen and just make it extremely challenging for New

475
00:26:16,400 --> 00:26:20,360
Speaker 1: York Mayor Adams encourages people to mask up and crowded places.

476
00:26:20,760 --> 00:26:23,680
Speaker 1: The Taliban has renegged on a promise they made when

477
00:26:23,680 --> 00:26:26,920
Speaker 1: they took over Afghanistan in August of last year. They

478
00:26:26,960 --> 00:26:29,399
Speaker 1: now say women will no longer be allowed to attend

479
00:26:29,440 --> 00:26:33,359
Speaker 1: public or private universities. The State Department's ned price. The

480
00:26:33,440 --> 00:26:36,879
Speaker 1: Taliban made promises to the people of Afghanistan and to

481
00:26:36,920 --> 00:26:40,919
Speaker 1: the international community that schools would reopen. They claimed that

482
00:26:40,960 --> 00:26:43,800
Speaker 1: this was a matter of procedures and arrangements and would

483
00:26:43,800 --> 00:26:47,879
Speaker 1: be quickly reversed. Now we hear the opposite Global News

484
00:26:47,920 --> 00:26:50,480
Speaker 1: twenty four hours a day on air and on Bloomberg

485
00:26:50,520 --> 00:26:53,119
Speaker 1: Quick Take, powered by more than twenty seven journalists and

486
00:26:53,119 --> 00:26:55,639
Speaker 1: analysts more than a d twenty countries. Michael bar this

487
00:26:55,640 --> 00:27:02,840
Speaker 1: is Bloomberg, Nathan, Thanks Michael. Six thirty three on Wall

488
00:27:02,840 --> 00:27:05,240
Speaker 1: Street time for the Bloomberg Sports out Day. Brozili Trice

489
00:27:05,240 --> 00:27:07,919
Speaker 1: stayed out here again is Sean sta Thanks Nathan. To

490
00:27:07,960 --> 00:27:10,880
Speaker 1: think that the Mets under previous ownership were always considered

491
00:27:10,880 --> 00:27:13,280
Speaker 1: to be cheap, not anymore, And I was Steve Cohen.

492
00:27:13,280 --> 00:27:15,480
Speaker 1: They were already looking at a payroll of about three

493
00:27:15,520 --> 00:27:18,239
Speaker 1: hundred and sixty million dollars. They had shelled out a

494
00:27:18,240 --> 00:27:21,720
Speaker 1: ton of money this offseason, keeping free agents Edwin Diez

495
00:27:21,720 --> 00:27:25,239
Speaker 1: and Brandon Nimo, adding Justin Verlander and five others, and

496
00:27:25,320 --> 00:27:28,639
Speaker 1: now they're adding Carlos Korea. He is not going to

497
00:27:28,680 --> 00:27:31,159
Speaker 1: the Giants, as had been announced last week in apparent

498
00:27:31,280 --> 00:27:34,960
Speaker 1: dispute over Korea's physical There was a prescott fence scheduled

499
00:27:35,000 --> 00:27:38,440
Speaker 1: in San Francisco yesterday it got canceled. Coreas coming to

500
00:27:38,480 --> 00:27:41,760
Speaker 1: the Mets twelve years, three hundred and fifteen millions. Close

501
00:27:41,760 --> 00:27:44,240
Speaker 1: friends with Mets, George stop Francisco. The door the plane

502
00:27:44,320 --> 00:27:46,240
Speaker 1: is to move to Korea at the third base. It's

503
00:27:46,280 --> 00:27:48,320
Speaker 1: kind of like what the Yankees did back in the

504
00:27:48,400 --> 00:27:51,480
Speaker 1: day with Alex Rodriguez. Matt Carpenter had some Yankee heroics

505
00:27:51,560 --> 00:27:54,159
Speaker 1: this past season. He signed with San Diego. Forty two

506
00:27:54,240 --> 00:27:56,800
Speaker 1: year old billionaire Matt Eshiba has a deal to buy

507
00:27:56,800 --> 00:27:59,960
Speaker 1: the Phoenix Suns had the w NBA Mercury for four

508
00:28:00,119 --> 00:28:02,960
Speaker 1: or billion dollars at the Garden next made at eight

509
00:28:02,960 --> 00:28:05,320
Speaker 1: wins in a row, easily over Golden State one thirty

510
00:28:05,359 --> 00:28:08,240
Speaker 1: two to ninety four. Emmanuel quickly off the bench for

511
00:28:08,280 --> 00:28:10,879
Speaker 1: a team I twenty two points. Jalen Brunson scored twenty

512
00:28:10,880 --> 00:28:14,160
Speaker 1: one Grimes nineteen r J. Barrett eighteen. Other home game

513
00:28:14,200 --> 00:28:17,520
Speaker 1: tonight against Toronto Rangers. Seven game win streak ended in

514
00:28:17,560 --> 00:28:20,320
Speaker 1: Pittsburgh three to two. Chris Cryer both the Ranger goals.

515
00:28:20,359 --> 00:28:23,240
Speaker 1: The Slumpy Devils lost to Carolina four to one. Seaton

516
00:28:23,280 --> 00:28:26,880
Speaker 1: Hall lost a Xavier Mike White injured ribs will keep

517
00:28:26,960 --> 00:28:30,359
Speaker 1: him out Tomorrow MetLife against Jacksonville, so it'll again be

518
00:28:30,480 --> 00:28:33,520
Speaker 1: Zack Wilson as the Jets quarterback. Big Game Saturday, Philadelphia,

519
00:28:33,600 --> 00:28:36,480
Speaker 1: Dallas and the Eagles are not ruling out gb Jalen

520
00:28:36,560 --> 00:28:40,040
Speaker 1: Hurts despite his injured shoulders. Johns Dashower, Bloomberg Sports Nathan

521
00:28:40,160 --> 00:28:42,400
Speaker 1: brought to you by Audie. Don't let someone else drive

522
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Speaker 1: off in the Outie model you've always wanted. Visit your

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Speaker 1: local Tri state autie dealer to get behind the wheel

524
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Speaker 1: of yours today, or visit Outie Offers dot com for

525
00:28:49,320 --> 00:28:54,240
Speaker 1: more information on Wall Street. Bloomberg Radio is on the

526
00:28:54,240 --> 00:28:57,240
Speaker 1: air from San Francisco to New York, London to Hong Kong.

527
00:28:57,320 --> 00:28:59,320
Speaker 1: Let's check in with our global news team for some

528
00:28:59,400 --> 00:29:01,040
Speaker 1: of the top story He's heard on our three hundred

529
00:29:01,040 --> 00:29:06,800
Speaker 1: affiliate radio stations. Around the world. Um Courtney Donaho on

530
00:29:07,080 --> 00:29:10,560
Speaker 1: wh S and Wullsville pricing priests helping FedEx deal with

531
00:29:10,640 --> 00:29:13,600
Speaker 1: the Define and package volumes. I'm Stephen Carol and Bloomberg

532
00:29:13,720 --> 00:29:16,960
Speaker 1: DAB Radio and London. We've been reporting on Ukraine's president

533
00:29:17,080 --> 00:29:19,800
Speaker 1: heading to Washington for his first trip outside the country

534
00:29:19,920 --> 00:29:23,200
Speaker 1: since the Russian invasion began. I'm Steve Podas Scott a

535
00:29:23,400 --> 00:29:25,959
Speaker 1: m X in Los Angeles. We're talking about a report

536
00:29:26,040 --> 00:29:30,760
Speaker 1: that Netflix maybe next on Microsoft's takeover Radar, I mean

537
00:29:30,880 --> 00:29:34,160
Speaker 1: Cory on w w J in Detroit. I'm reporting General

538
00:29:34,200 --> 00:29:39,240
Speaker 1: Motors was recalling about one thousand Chevy boll And. Those

539
00:29:39,240 --> 00:29:42,320
Speaker 1: are some of the stories our hundred Bloomberg journalists and

540
00:29:42,320 --> 00:29:44,640
Speaker 1: analyst are working on this morning, around the world at

541
00:29:44,720 --> 00:29:47,840
Speaker 1: six thirty six on Wall Street. The following is an

542
00:29:47,960 --> 00:29:51,760
Speaker 1: editorial from Bloomberg Opinion. This editorial was written by the

543
00:29:51,760 --> 00:29:55,920
Speaker 1: Bloomberg Editorial Board. This week, the House committee investigating the

544
00:29:56,000 --> 00:30:00,800
Speaker 1: January six riot referred former President Donald Trump for criminal prosecution.

545
00:30:01,400 --> 00:30:05,719
Speaker 1: It was an unsurprising move, but lamentable. Nonetheless, there's no

546
00:30:05,800 --> 00:30:08,400
Speaker 1: question that the committee, made up of seven Democrats and

547
00:30:08,400 --> 00:30:12,520
Speaker 1: two Republicans, found evidence that Trump behaved abominably that day.

548
00:30:12,920 --> 00:30:15,560
Speaker 1: By any standard, his actions were in affront to the

549
00:30:15,560 --> 00:30:18,800
Speaker 1: Constitution and to the rule of law. Yet whether they

550
00:30:18,840 --> 00:30:23,200
Speaker 1: merit criminal prosecution is another matter. The referral risks elevating

551
00:30:23,240 --> 00:30:25,520
Speaker 1: Trump in the eyes of Republican voters and a moment

552
00:30:25,520 --> 00:30:28,440
Speaker 1: when many seem prepared to cast him aside. The House

553
00:30:28,440 --> 00:30:32,160
Speaker 1: Committee has done an admirable job of documenting Trump's reprehensible

554
00:30:32,160 --> 00:30:35,320
Speaker 1: conduct on January six. The faster the country can put

555
00:30:35,320 --> 00:30:38,800
Speaker 1: those sordid events in the past, the better. This editorial

556
00:30:38,840 --> 00:30:42,080
Speaker 1: was written by the Bloomberg Editorial Board. For more Bloomberg opinion,

557
00:30:42,160 --> 00:30:44,680
Speaker 1: please go to Bloomberg dot com, slash Opinion or O

558
00:30:44,840 --> 00:30:47,520
Speaker 1: P I N go on the Bloomberg terminal. This has

559
00:30:47,560 --> 00:30:51,400
Speaker 1: been Bloomberg opinion, and you can hear Bloomberg opinion commentaries

560
00:30:51,520 --> 00:30:55,600
Speaker 1: every weekday. At this time, terminal customers can read more

561
00:30:56,040 --> 00:30:59,400
Speaker 1: at O P I n go. Watching shares of Nike

562
00:30:59,600 --> 00:31:02,760
Speaker 1: this warning they are on the rise after the retail

563
00:31:02,840 --> 00:31:08,520
Speaker 1: giant reported robust sales and a sustained inventory Pollo. That's

564
00:31:08,560 --> 00:31:11,400
Speaker 1: that very well with investors. NIKEE shares are hired by

565
00:31:11,400 --> 00:31:15,640
Speaker 1: almost percent in early trading, and a Google's YouTube is

566
00:31:15,680 --> 00:31:18,440
Speaker 1: an advanced talks with the NFL about an exclusive deal

567
00:31:18,480 --> 00:31:21,440
Speaker 1: for its Sunday ticket subscription service. That's according to a

568
00:31:21,520 --> 00:31:24,360
Speaker 1: report in The Wall Street Journal today. A separate report

569
00:31:24,400 --> 00:31:27,720
Speaker 1: stay negotiations for Sunday football games came down to Amazon

570
00:31:28,160 --> 00:31:30,640
Speaker 1: and YouTube. Of course, Amazon has already got the rights

571
00:31:30,680 --> 00:31:34,120
Speaker 1: to the Thursday night games. Now looks like YouTube is

572
00:31:34,280 --> 00:31:37,640
Speaker 1: gonna get the shot to snag Sundays and give sports

573
00:31:37,640 --> 00:31:40,240
Speaker 1: fans yet one more reason to cut the cord. SFP

574
00:31:40,360 --> 00:31:42,760
Speaker 1: futures are higher by nineteen points, staff futures of two

575
00:31:42,920 --> 00:31:45,920
Speaker 1: or forty three, nastack futures higher by thirty seven points.

576
00:31:46,280 --> 00:31:53,600
Speaker 1: You're listening to Bloomberg Daybreak live from the Bloomberg Interactive

577
00:31:53,640 --> 00:31:56,719
Speaker 1: Burger Studios. This is Bloomberg day Break for Wednesday, December

578
00:31:56,720 --> 00:32:00,760
Speaker 1: twenty one. Coming up this hour. Ukraine's resident heads to

579
00:32:00,840 --> 00:32:04,600
Speaker 1: Washington in his first trip outside the country since Russia's invasion,

580
00:32:05,440 --> 00:32:08,920
Speaker 1: votes to release former President Trump's tax returns, Sam Bankman

581
00:32:09,000 --> 00:32:12,040
Speaker 1: freed readys for extradition to the US, and Elon Musk

582
00:32:12,200 --> 00:32:16,000
Speaker 1: seeks a replacement as Twitter CEO. The NYPD says two

583
00:32:16,040 --> 00:32:19,040
Speaker 1: people are dead in an apparent subway accident, plus New

584
00:32:19,120 --> 00:32:22,200
Speaker 1: York Mayor Adams has spread the love, not the virus

585
00:32:22,280 --> 00:32:25,400
Speaker 1: during the holidays. I'm Michael Blarer More, I'm John stash

586
00:32:25,400 --> 00:32:29,160
Speaker 1: Howard sports donning baseball news. Carlos Garreya changed his mind.

587
00:32:29,200 --> 00:32:31,720
Speaker 1: He's stunning with the Mets. The next one the Rangers,

588
00:32:31,720 --> 00:32:36,800
Speaker 1: and Devil's Law. That's all s train ahead on Bloomberg

589
00:32:36,840 --> 00:32:41,240
Speaker 1: Daybreak on Bloomberg eleven Free on New York Bloomberg one,

590
00:32:41,360 --> 00:32:45,320
Speaker 1: Washington d C, Bloomberg one oh six one, Boston Bloomberg

591
00:32:45,440 --> 00:32:49,520
Speaker 1: nine sixties and Francisco Sirius x M one nineteen and

592
00:32:49,600 --> 00:32:52,680
Speaker 1: around the world on Bloomberg Radio dot com and via

593
00:32:52,760 --> 00:32:59,680
Speaker 1: the Bloomberg Business App. Good morning, I'm Nathan Hagart and

594
00:32:59,720 --> 00:33:02,280
Speaker 1: I'm or in Moscow and US not Index futures are

595
00:33:02,360 --> 00:33:04,800
Speaker 1: higher this morning. We check the markets all day long

596
00:33:04,840 --> 00:33:07,960
Speaker 1: here at Bloomberg, with SNP futures up about nineteen points

597
00:33:08,040 --> 00:33:10,600
Speaker 1: or half percent of futures up two D nineteen or

598
00:33:10,600 --> 00:33:13,720
Speaker 1: seven tenths of upper set, and ASTACK futures of forty

599
00:33:13,720 --> 00:33:16,480
Speaker 1: two or four tenths of upper set. DAX in Germany's

600
00:33:16,560 --> 00:33:18,600
Speaker 1: up six tenths of upper cent and the tend your

601
00:33:18,640 --> 00:33:21,440
Speaker 1: treasury little change Yell three point six eight percent, they

602
00:33:21,520 --> 00:33:24,560
Speaker 1: yield on the two years at four point to three percent,

603
00:33:24,880 --> 00:33:27,360
Speaker 1: and Nimex screwed oil is up nine tenths percent at

604
00:33:27,400 --> 00:33:30,640
Speaker 1: seventy six dollars five cents of barrel. Nathan, all right, Karen,

605
00:33:30,640 --> 00:33:32,320
Speaker 1: we'll get back to markets in a moment, but we

606
00:33:32,360 --> 00:33:35,520
Speaker 1: begin with a couple of major stories in politics. First,

607
00:33:35,640 --> 00:33:39,240
Speaker 1: Ukrainian President Voladimir z Lensky is leaving Ukraine for the

608
00:33:39,320 --> 00:33:43,200
Speaker 1: first time since Russia's invasion. He'll address Congress in person

609
00:33:43,320 --> 00:33:47,080
Speaker 1: in the nation's capital. Bloomberg Government reporter Jack Fitzpatrick says

610
00:33:47,120 --> 00:33:49,240
Speaker 1: it is a big moment in the debate over aid

611
00:33:49,440 --> 00:33:52,120
Speaker 1: to the war torn country. It's the big deal. There

612
00:33:52,160 --> 00:33:55,600
Speaker 1: have been some questions about really where House Republicans come

613
00:33:55,640 --> 00:33:59,040
Speaker 1: down in the firmness of their support for Ukraine. To

614
00:33:59,200 --> 00:34:03,120
Speaker 1: have a joy addressed to Congress and in person addressed especially,

615
00:34:03,440 --> 00:34:06,720
Speaker 1: would be a very significant moment at a pivotal time,

616
00:34:07,080 --> 00:34:08,800
Speaker 1: because these kinds of agreements are going to be a

617
00:34:08,840 --> 00:34:11,360
Speaker 1: bit more difficult when it's a Republican House and a

618
00:34:11,440 --> 00:34:14,440
Speaker 1: Democratic Senate. So any sort of show of unity with

619
00:34:14,520 --> 00:34:16,960
Speaker 1: him there would be a very significant thing. The Bloomberg

620
00:34:16,960 --> 00:34:19,960
Speaker 1: government's Jack Fitzpatrick reports President Biden will also announce an

621
00:34:19,960 --> 00:34:23,320
Speaker 1: additional two billion dollars in assistance and moves to deliver

622
00:34:23,400 --> 00:34:27,560
Speaker 1: Patriot missile batteries to Ukraine. Meantime, Nathan Donald Trump's tax

623
00:34:27,600 --> 00:34:30,480
Speaker 1: returns are back in focus. A House committee is voted

624
00:34:30,520 --> 00:34:34,400
Speaker 1: to officially release the former president's tax information to the public,

625
00:34:34,600 --> 00:34:38,080
Speaker 1: and Bloomberg's Amy Morris says the details from our studios

626
00:34:38,080 --> 00:34:40,880
Speaker 1: in Washington. The Houseways and Means Committee signed off on

627
00:34:40,920 --> 00:34:43,279
Speaker 1: a motion to release Trump's tax returns to the House

628
00:34:43,280 --> 00:34:47,400
Speaker 1: of Representatives. Chairman Richard Neil says personal information will be redacted.

629
00:34:47,600 --> 00:34:49,680
Speaker 1: This was not about being punitive, it was not about

630
00:34:49,680 --> 00:34:53,400
Speaker 1: being malicious, and there were no leaks from the committee.

631
00:34:53,440 --> 00:34:56,640
Speaker 1: The analysis found Trump was able to use questionable deductions

632
00:34:56,680 --> 00:35:00,160
Speaker 1: and aggressive tax strategies to minimize his tax bills, and

633
00:35:00,280 --> 00:35:02,239
Speaker 1: that the I r S did not audit Trump for

634
00:35:02,360 --> 00:35:05,160
Speaker 1: two years while he was in office, despite a program

635
00:35:05,200 --> 00:35:09,000
Speaker 1: that makes the auditing of sitting president's mandatory. Republicans say

636
00:35:09,040 --> 00:35:12,799
Speaker 1: releasing the information sets a dangerous precedent in Washington. I'm

637
00:35:12,800 --> 00:35:15,560
Speaker 1: anymore as Bloomberg Daybreak, right, Amy, thank you. Now, let's

638
00:35:15,560 --> 00:35:17,840
Speaker 1: turned to Elon Musk and the latest in his sanka

639
00:35:17,960 --> 00:35:20,200
Speaker 1: as head of Twitter. Musk now says he will step

640
00:35:20,239 --> 00:35:23,279
Speaker 1: down a CEO and a replacement is found, Bloomberg said,

641
00:35:23,320 --> 00:35:26,160
Speaker 1: backs to reports. This comes as the FTC deepens its

642
00:35:26,239 --> 00:35:30,160
Speaker 1: investigation into Twitter's use of user data. The Federal Trade

643
00:35:30,160 --> 00:35:33,960
Speaker 1: Commission has interviewed two former senior executives of Twitter already

644
00:35:34,000 --> 00:35:38,560
Speaker 1: regarding privacy and data security. Now practices is the issue,

645
00:35:38,880 --> 00:35:41,919
Speaker 1: and whether it's complying with a twenty eleven consent order.

646
00:35:41,960 --> 00:35:44,920
Speaker 1: Since Ellen Musk has taken over, the FTC has shown

647
00:35:44,920 --> 00:35:47,799
Speaker 1: it as not afraid to levy hefty fines. It did

648
00:35:47,840 --> 00:35:51,320
Speaker 1: find Facebook a record five billion dollars over the Cambridge

649
00:35:51,320 --> 00:35:54,719
Speaker 1: Analytica data scandal. This can't be welcome news from Musk,

650
00:35:54,760 --> 00:35:58,319
Speaker 1: who has fired many of his oversight team and attorneys. Musk,

651
00:35:58,400 --> 00:36:00,799
Speaker 1: by the way, says he will oversee of the software

652
00:36:00,800 --> 00:36:04,680
Speaker 1: and servers teams in San Francisco. I'm at Baxter Bloomberg

653
00:36:04,760 --> 00:36:07,960
Speaker 1: daybreak right and thanks well. As a turmoil at Twitter continues,

654
00:36:08,000 --> 00:36:11,560
Speaker 1: Tesla shares are declining and ARC Investment CEO Cathy Wood

655
00:36:11,560 --> 00:36:14,640
Speaker 1: is scooping them up. Exchange traded funds backed by ARC

656
00:36:14,719 --> 00:36:17,520
Speaker 1: bought slightly more than four D forty five thousand shares

657
00:36:17,520 --> 00:36:20,120
Speaker 1: of the company since early October. This is the first

658
00:36:20,200 --> 00:36:22,880
Speaker 1: quarter in seven at Arc has been a net buyer

659
00:36:22,920 --> 00:36:25,320
Speaker 1: of Tesla and right Now shares her up two percent

660
00:36:25,360 --> 00:36:28,719
Speaker 1: in early trading. Returning from Crypto Now from Twitter Now

661
00:36:28,719 --> 00:36:31,439
Speaker 1: to Crypto Karen, Let's get the latest on Sam Bankman Free,

662
00:36:31,480 --> 00:36:33,799
Speaker 1: the f t X co founder, could be making his

663
00:36:33,800 --> 00:36:36,239
Speaker 1: way stateside from the Bahamas as soon as today, and

664
00:36:36,280 --> 00:36:39,160
Speaker 1: Bloomberg Steve Rappaport joins US Live with that Good morning, Steve,

665
00:36:39,200 --> 00:36:42,359
Speaker 1: Good morning, Nathan and Karen. SPF is halfway through the

666
00:36:42,360 --> 00:36:45,800
Speaker 1: process of returning to the US, having signed his surrender documents.

667
00:36:45,800 --> 00:36:49,280
Speaker 1: According to the Islands Acting Commissioner of Corrections, today Bankman

668
00:36:49,320 --> 00:36:52,480
Speaker 1: Freed will sign a waiver of extradition before FBI agents

669
00:36:52,480 --> 00:36:54,880
Speaker 1: are expected to take him away on a private flight.

670
00:36:55,239 --> 00:36:57,879
Speaker 1: Bankman Freed initially vowed to fight extradition to the US

671
00:36:57,920 --> 00:37:00,360
Speaker 1: to face fraud and other charges related to the collapse

672
00:37:00,360 --> 00:37:02,680
Speaker 1: of his crypto firm. The change of heart tied in

673
00:37:02,800 --> 00:37:05,480
Speaker 1: part to the possibility of getting released on bail. Here

674
00:37:05,800 --> 00:37:08,040
Speaker 1: Live in New York Time Steve Rapp Report, Bloomberg Day

675
00:37:08,040 --> 00:37:09,839
Speaker 1: Break All right, Steve, Thanks so taking a look at

676
00:37:09,880 --> 00:37:13,800
Speaker 1: markets now. European shares are advancing alongside US stock index futures.

677
00:37:13,880 --> 00:37:16,280
Speaker 1: Yesterday saw the S and P five hundred clothes higher

678
00:37:16,280 --> 00:37:18,680
Speaker 1: for the first time in four sessions. Equities have been

679
00:37:18,719 --> 00:37:20,920
Speaker 1: on a recent sched due to concerns of our central

680
00:37:20,920 --> 00:37:23,960
Speaker 1: bank tightening. Yeah. Speaking of central banks, Karen, this week's

681
00:37:23,960 --> 00:37:26,759
Speaker 1: move from the Bank of Japan continues to reverberate. The

682
00:37:26,960 --> 00:37:29,960
Speaker 1: end is steady this morning after yesterday's strong move, which

683
00:37:30,000 --> 00:37:33,839
Speaker 1: saw the currency strengthen the most since. Takeing a look

684
00:37:33,880 --> 00:37:36,080
Speaker 1: at the end right now, it's at one one point

685
00:37:36,120 --> 00:37:39,520
Speaker 1: seven six against the dollar. Bloomberg Opinion columnists muhammadhil Arian

686
00:37:39,560 --> 00:37:43,080
Speaker 1: says the BOJ move provides some stability, but also carries risk.

687
00:37:43,640 --> 00:37:46,719
Speaker 1: This is the spectables normalization. The good news for them

688
00:37:46,760 --> 00:37:49,080
Speaker 1: is I think that can control the process. That's actually

689
00:37:49,160 --> 00:37:53,040
Speaker 1: good news for global markets because it doesn'tenforce selling by

690
00:37:53,120 --> 00:37:58,600
Speaker 1: Japanese institutions. However, over time even this approach becomes unsustainable.

691
00:37:58,920 --> 00:38:02,200
Speaker 1: Bloomberg Opinion colum miss muhammadal Arean expects a slow exit

692
00:38:02,280 --> 00:38:04,480
Speaker 1: from what he calls the b o J is unsustainable

693
00:38:04,520 --> 00:38:08,080
Speaker 1: policy regime. Let's sturn to China. Now, Nathan has continued

694
00:38:08,120 --> 00:38:11,840
Speaker 1: pivot away from COVID zero policy. Chinese workers of mild

695
00:38:11,880 --> 00:38:13,879
Speaker 1: COVID are now being told to go back to work

696
00:38:13,880 --> 00:38:16,760
Speaker 1: in some cities. This is Chinese officials seek to limit

697
00:38:16,800 --> 00:38:20,320
Speaker 1: the economic impact of an explosion in cases Beijing. Shift

698
00:38:20,320 --> 00:38:22,799
Speaker 1: from COVID zero has been accompanied by a wave of

699
00:38:22,880 --> 00:38:27,239
Speaker 1: infections in major urban centers across the country. Again, futures

700
00:38:27,239 --> 00:38:29,799
Speaker 1: are on the rise this morning. S and P futures

701
00:38:29,840 --> 00:38:32,480
Speaker 1: up about twenty points or half percent. OW futures up

702
00:38:32,480 --> 00:38:35,120
Speaker 1: two D twenty nine points or seven tenths of a percent.

703
00:38:35,560 --> 00:38:38,600
Speaker 1: NASAC futures up forty seven points or four tenths of

704
00:38:38,640 --> 00:38:42,360
Speaker 1: a percent. The euro one point six one seven against

705
00:38:42,360 --> 00:38:45,359
Speaker 1: the dollar. This morning, and straight ahead, we have your

706
00:38:45,400 --> 00:38:48,680
Speaker 1: latest local headlines, plus a check of sports, and this

707
00:38:49,040 --> 00:38:54,840
Speaker 1: is Bloomberg. Thank you. Karen At six oh seven on

708
00:38:54,840 --> 00:38:57,239
Speaker 1: Wall Street. We're twenty eight degrees in Central Park. Going

709
00:38:57,280 --> 00:38:59,240
Speaker 1: to be sunny again today with a high near forty,

710
00:38:59,280 --> 00:39:01,759
Speaker 1: but get ready for some heavy rain to and the week.

711
00:39:02,120 --> 00:39:04,520
Speaker 1: Now's bringing Michael Barr with more on what's going on

712
00:39:04,560 --> 00:39:06,680
Speaker 1: in New York and around the world. Good morning, Michael,

713
00:39:06,760 --> 00:39:10,520
Speaker 1: Good morning Nathan. NYPD officials are investigating an apparent deadly

714
00:39:10,560 --> 00:39:14,120
Speaker 1: accident that took place in the subway in Manhattan. Two

715
00:39:14,120 --> 00:39:18,319
Speaker 1: people were run over by several l trains yesterday. The

716
00:39:18,440 --> 00:39:20,880
Speaker 1: victims were a forty four year old man and a

717
00:39:20,920 --> 00:39:24,800
Speaker 1: sixty three year old woman. It left several horrified commuters

718
00:39:24,800 --> 00:39:27,000
Speaker 1: in their wake. This woman saw the bodies at the

719
00:39:27,040 --> 00:39:29,839
Speaker 1: sixth Avenue stop at the time. I told some guy

720
00:39:29,880 --> 00:39:31,600
Speaker 1: that was waiting for the chain across to me, I'll

721
00:39:31,600 --> 00:39:33,279
Speaker 1: make this too. Their bodies on there. He was like,

722
00:39:33,320 --> 00:39:36,320
Speaker 1: you're kidding, and I said, no, Look, you're stepping in blood.

723
00:39:37,160 --> 00:39:39,920
Speaker 1: Officials are still investigating how the bodies ended up on

724
00:39:39,960 --> 00:39:42,440
Speaker 1: the tracks, but say they don't believe the victims were

725
00:39:42,480 --> 00:39:45,240
Speaker 1: connected and their deaths don't appear to be a crime.

726
00:39:45,760 --> 00:39:48,719
Speaker 1: A last minute plea from New York City Mayor Eric

727
00:39:48,760 --> 00:39:52,640
Speaker 1: Adams as holiday travelers continue to arrive, even as flu

728
00:39:53,080 --> 00:39:58,200
Speaker 1: RSV and COVID nineteen cases continue to rise nationwide, Adams

729
00:39:58,239 --> 00:40:01,080
Speaker 1: encouraged New Yorkers to remain vigil One of the risks

730
00:40:01,160 --> 00:40:04,520
Speaker 1: of these respiratory infections now under winter. How do we

731
00:40:04,600 --> 00:40:09,640
Speaker 1: enjoy the holidays and spread love without spread into virus

732
00:40:10,200 --> 00:40:14,000
Speaker 1: and we could have that combination. Mayor Adams encourages New

733
00:40:14,080 --> 00:40:17,360
Speaker 1: Yorkers to be sure they test before gatherings and consider

734
00:40:17,440 --> 00:40:20,640
Speaker 1: masking up and crowded places. A winter storm is sitting

735
00:40:20,680 --> 00:40:24,080
Speaker 1: the nation at the height of holiday travel. Bloomberg meteorologist

736
00:40:24,160 --> 00:40:26,880
Speaker 1: Rob Caroline as the latest Michael some of the coldest

737
00:40:26,880 --> 00:40:29,000
Speaker 1: weather we've seen in forty years now starting to work

738
00:40:29,040 --> 00:40:32,240
Speaker 1: its way into the northern Plain States. Temperatures from northern

739
00:40:32,280 --> 00:40:35,240
Speaker 1: Montana into North Dakota are well below zero this morning.

740
00:40:35,600 --> 00:40:37,799
Speaker 1: That air is going to be headed southward. It's gonna

741
00:40:37,800 --> 00:40:40,840
Speaker 1: move down towards the Gulf of Mexico, affect Texas and

742
00:40:40,920 --> 00:40:43,239
Speaker 1: much of the century United States by the end of

743
00:40:43,280 --> 00:40:45,600
Speaker 1: the week, and will also affect the western Gulf Coast.

744
00:40:45,960 --> 00:40:47,960
Speaker 1: Out ahead of this cold there, over the next thirty

745
00:40:48,000 --> 00:40:50,399
Speaker 1: six hours, we'll see a big storm develop. It will

746
00:40:50,440 --> 00:40:52,440
Speaker 1: go up through the central Great Lakes. That's going to

747
00:40:52,520 --> 00:40:56,040
Speaker 1: produce a very significant snowstorm across parts of the central

748
00:40:56,160 --> 00:41:00,520
Speaker 1: United States, with blizzard conditions possible around the Chicago Millwalk areas,

749
00:41:00,719 --> 00:41:03,680
Speaker 1: also across western Michigan. It's gonna cause quite a bit

750
00:41:03,719 --> 00:41:06,359
Speaker 1: of rain and wind. Out ahead of the storm, will

751
00:41:06,400 --> 00:41:09,160
Speaker 1: see that effect portions of the mid Atlantic States in

752
00:41:09,200 --> 00:41:11,839
Speaker 1: the Northeast as we head through Friday, so travel will

753
00:41:11,880 --> 00:41:15,000
Speaker 1: be very difficult in the Northeast and Midwest on Friday.

754
00:41:15,200 --> 00:41:18,040
Speaker 1: Michael rob Thank you, sir. Global News twenty four hours

755
00:41:18,040 --> 00:41:20,840
Speaker 1: a day on air and on Bloomberg Quick Take, powered

756
00:41:20,840 --> 00:41:23,440
Speaker 1: by more than twenty seven hundred journalist and analysts more

757
00:41:23,440 --> 00:41:27,000
Speaker 1: than twenty countries. Michael bar this is Bloomberg Naked. Thank you,

758
00:41:27,080 --> 00:41:33,680
Speaker 1: Michael six o nine on Wall Street Time for the

759
00:41:33,680 --> 00:41:36,040
Speaker 1: Bloomberg Sports Update, brought to you by tri State out

760
00:41:36,040 --> 00:41:38,920
Speaker 1: of her John Stotshow. All right, Nathan, the amazing Mets.

761
00:41:38,960 --> 00:41:41,399
Speaker 1: Just when you thought their free agent spending spree was over,

762
00:41:41,520 --> 00:41:43,520
Speaker 1: came the stunning news earlier this morning that the Mets

763
00:41:43,520 --> 00:41:46,439
Speaker 1: are now at in Carlos, Korea. He had agreed last

764
00:41:46,480 --> 00:41:50,040
Speaker 1: week to a thirteen year deal with the San Francisco Giants.

765
00:41:50,040 --> 00:41:53,440
Speaker 1: A press conference was to take place yesterday at got Post.

766
00:41:53,480 --> 00:41:56,800
Speaker 1: Bote reportedly difference of opinion about the result of Korea

767
00:41:56,840 --> 00:42:00,239
Speaker 1: is physical. The Mets swooped in, got him for twelve years,

768
00:42:00,280 --> 00:42:02,800
Speaker 1: three hundred and fifteen million. He's always been a short stop,

769
00:42:03,000 --> 00:42:04,719
Speaker 1: but plan is to move Kara at the third base.

770
00:42:04,800 --> 00:42:07,759
Speaker 1: The Mets have now guaranteed eight hundred million dollars just

771
00:42:08,280 --> 00:42:11,759
Speaker 1: in free agents spending this offseason. Justin Verlander will make

772
00:42:12,000 --> 00:42:14,080
Speaker 1: forty three million a year. He was at City Field

773
00:42:14,080 --> 00:42:16,080
Speaker 1: and talk about coming to New York. They lived in

774
00:42:16,080 --> 00:42:19,239
Speaker 1: New York for an off season. UM. I love the

775
00:42:19,320 --> 00:42:21,240
Speaker 1: vibe here, I love the city, I love the people.

776
00:42:21,760 --> 00:42:24,080
Speaker 1: And to have the opportunity to to come pitch in

777
00:42:24,120 --> 00:42:27,719
Speaker 1: the city, Um is something that I think I've I've

778
00:42:27,760 --> 00:42:31,759
Speaker 1: always wanted the chance to do. Aaron Judge press conferences

779
00:42:31,800 --> 00:42:33,359
Speaker 1: today in the Bronx. Will we invest to see if

780
00:42:33,360 --> 00:42:36,160
Speaker 1: the Yankees announced that Judge will become the team captain.

781
00:42:36,200 --> 00:42:38,320
Speaker 1: At the Guarden blowout win for the Knicks over injury

782
00:42:38,400 --> 00:42:40,880
Speaker 1: Riddle Golden Stain one thirty two to ninety four, and

783
00:42:40,880 --> 00:42:42,480
Speaker 1: the Knicks and one eight in a row, and they

784
00:42:42,520 --> 00:42:45,319
Speaker 1: host Toronto tonight. The Warriors played tonight in Brooklyn. The

785
00:42:45,360 --> 00:42:47,120
Speaker 1: Rangers were going for an eighth grade win and Chris

786
00:42:47,160 --> 00:42:50,560
Speaker 1: Cryder scored twenty two seconds in but Pittsburgh one three

787
00:42:50,560 --> 00:42:53,000
Speaker 1: to two. The Devils, who were earlier this season had

788
00:42:53,040 --> 00:42:55,080
Speaker 1: a thirteen game win its dread and now lost their

789
00:42:55,120 --> 00:42:57,680
Speaker 1: last six Seaton Mike Carolina four to one. Seaton Hall

790
00:42:58,239 --> 00:43:01,320
Speaker 1: lost at Xavier. Also in the Big East, Yukon beat Georgetown.

791
00:43:01,320 --> 00:43:03,160
Speaker 1: The Huskins are thirteen and oh their number two in

792
00:43:03,160 --> 00:43:06,520
Speaker 1: the country. The Jets hoast Jacksonville tomorrow and Zach Wilson

793
00:43:06,560 --> 00:43:08,760
Speaker 1: will again be the Jets starting quarterback that is still

794
00:43:08,760 --> 00:43:12,759
Speaker 1: injured Mike white Stack. When Bloomberg Sports, Thank you John,

795
00:43:12,840 --> 00:43:15,520
Speaker 1: and the Bloomberg Sports Report was brought to you by Audie.

796
00:43:15,560 --> 00:43:17,920
Speaker 1: Don't let someone else drive off in the Audi model

797
00:43:18,000 --> 00:43:21,520
Speaker 1: you've always wanted. Visit your local try state autie dealer

798
00:43:21,600 --> 00:43:24,000
Speaker 1: to get behind the wheel of yours today, or visit

799
00:43:24,000 --> 00:43:27,319
Speaker 1: autie offers dot com for more information. Up next, we'll

800
00:43:27,320 --> 00:43:31,160
Speaker 1: get the latest on President Zelenski's trip to Washington, d C.

801
00:43:32,040 --> 00:43:35,480
Speaker 1: First SMP futures are on the rise this morning by

802
00:43:35,520 --> 00:43:38,640
Speaker 1: twenty points. Staff futures have tuned to thirty nine. NASDAC

803
00:43:38,719 --> 00:43:41,040
Speaker 1: futures are higher by forty eight points now. The tenure

804
00:43:41,040 --> 00:43:44,480
Speaker 1: Treasury is little changed, yield three point six seven percent,

805
00:43:44,560 --> 00:43:47,319
Speaker 1: two year yield four point to three percent. Looking at

806
00:43:47,320 --> 00:43:49,319
Speaker 1: the long bond, that's little changed as well, at three

807
00:43:49,360 --> 00:43:55,080
Speaker 1: point seven three Live from coast to coast, from New

808
00:43:55,160 --> 00:43:59,200
Speaker 1: York to San Francisco, Boston to Washington, d C. Nationwide

809
00:43:59,200 --> 00:44:03,200
Speaker 1: on Sirius Examp, the Bloomberg business appened. Bloomberg dot Com.

810
00:44:03,200 --> 00:44:07,759
Speaker 1: This is Bloomberg Daybreak. Morning up, Nathan Hagar. We are

811
00:44:07,800 --> 00:44:10,280
Speaker 1: following a couple of major stories out of the nation's

812
00:44:10,320 --> 00:44:13,120
Speaker 1: capital this afternoon. We are expecting the arrival of Ukrainian

813
00:44:13,120 --> 00:44:15,960
Speaker 1: President Voladimir z Lensky in Washington, d C. At a

814
00:44:16,040 --> 00:44:20,120
Speaker 1: pivotal moment in Russia's war with his country. Plus, after

815
00:44:20,200 --> 00:44:23,160
Speaker 1: a year's long fight, House Democrats have voted to release

816
00:44:23,640 --> 00:44:27,239
Speaker 1: former President Donald Trump's tax returns. Let's get more on

817
00:44:27,280 --> 00:44:31,080
Speaker 1: these stories now. Bloomberg's Bruce Einhorn is following both of

818
00:44:31,120 --> 00:44:33,640
Speaker 1: them for us this morning. Bruce, Good morning. It was

819
00:44:33,880 --> 00:44:38,600
Speaker 1: quite a stunning moment when we learned overnight that President

820
00:44:38,680 --> 00:44:42,240
Speaker 1: Zelenski would be making his first trip outside the country

821
00:44:42,520 --> 00:44:44,560
Speaker 1: to the United States. I have to imagine just the

822
00:44:44,640 --> 00:44:48,759
Speaker 1: logistics of getting President Zolensky out of his country and

823
00:44:48,800 --> 00:44:52,759
Speaker 1: into the US or nothing short of remarkable. Yeah, and

824
00:44:52,800 --> 00:44:55,120
Speaker 1: it's going to be a very short trip too. So

825
00:44:55,239 --> 00:44:59,759
Speaker 1: we we know that President Zolinsky will be arriving in

826
00:45:00,320 --> 00:45:03,560
Speaker 1: at the White House UH and meeting President Biden at

827
00:45:03,600 --> 00:45:07,000
Speaker 1: two o'clock this afternoon. He'll be meeting with members of

828
00:45:07,000 --> 00:45:10,040
Speaker 1: the Cabinet as well as the President's and atal security team.

829
00:45:10,400 --> 00:45:13,000
Speaker 1: There's gonna be a press conference at four thirty, and

830
00:45:13,040 --> 00:45:15,840
Speaker 1: then there's going to be a speech by President Zlinsky

831
00:45:15,920 --> 00:45:18,319
Speaker 1: to a joint session of Congress. UM. He has given

832
00:45:18,320 --> 00:45:21,680
Speaker 1: a speech to Congress before. He gave a virtual one

833
00:45:22,440 --> 00:45:26,520
Speaker 1: early this year, UM, just a few weeks after the

834
00:45:26,600 --> 00:45:30,759
Speaker 1: Russians began their invasion of Ukraine this year. UH, this

835
00:45:30,840 --> 00:45:33,719
Speaker 1: of course is going to be in person, a lot

836
00:45:33,760 --> 00:45:37,560
Speaker 1: of a lot of pomp and UH quite a lot

837
00:45:37,600 --> 00:45:42,320
Speaker 1: of symbolism. UH. He'll have a chance to UH lobby

838
00:45:42,360 --> 00:45:47,399
Speaker 1: in person, UM make direct appeals. First additional aid to Ukraine. UH.

839
00:45:47,480 --> 00:45:51,600
Speaker 1: Congress is poised to approve forty five billion dollars in

840
00:45:51,680 --> 00:45:54,480
Speaker 1: new aid for Ukraine. That's part of the omnibus spending

841
00:45:54,480 --> 00:45:56,319
Speaker 1: bill that Congress is likely to pass in the next

842
00:45:56,360 --> 00:45:59,880
Speaker 1: few days. President Biden is also going to be announcing

843
00:45:59,880 --> 00:46:05,640
Speaker 1: additional assistance for Ukraine today, including UH Patrion air defense system,

844
00:46:05,760 --> 00:46:12,040
Speaker 1: something that Ukraine really wants UH, given the persistent attacks

845
00:46:12,560 --> 00:46:18,000
Speaker 1: by Russian missiles by Russian drones against civilian targets against

846
00:46:18,360 --> 00:46:23,720
Speaker 1: the energy grid, against Ukrainian infrastructure. Uh. So the Ukrainians

847
00:46:23,760 --> 00:46:26,600
Speaker 1: field that having the Patriot Air Defense System could really

848
00:46:26,640 --> 00:46:28,919
Speaker 1: make a big difference there. Yeah, so a lot more

849
00:46:29,000 --> 00:46:31,800
Speaker 1: aid coming to Ukraine. And to your point, that first

850
00:46:31,880 --> 00:46:35,680
Speaker 1: address that the President Zelinski gave virtually to Congress early

851
00:46:35,760 --> 00:46:37,640
Speaker 1: in the war came at a time when there seemed

852
00:46:37,640 --> 00:46:39,600
Speaker 1: to have been a lot more unanimity, a lot more

853
00:46:39,640 --> 00:46:44,359
Speaker 1: by partisanship around the idea of providing weapons and humanitarian

854
00:46:44,520 --> 00:46:46,799
Speaker 1: support to Ukraine. It feels as though now when we

855
00:46:46,840 --> 00:46:49,200
Speaker 1: have a new Congress coming in, a new Republican majority

856
00:46:49,200 --> 00:46:53,600
Speaker 1: in the House, that unanimity might be fraying somewhat. You're

857
00:46:53,640 --> 00:46:57,200
Speaker 1: you're right there. There are some members of the incoming

858
00:46:57,239 --> 00:47:03,040
Speaker 1: Republican majority who have been been pretty outspoken criticism of Ukraine,

859
00:47:03,280 --> 00:47:07,520
Speaker 1: most notably Marjorie Taylor Green, the congressman from Georgia. She

860
00:47:07,760 --> 00:47:12,200
Speaker 1: has just now called Zelinski um the shadow president of

861
00:47:12,239 --> 00:47:16,840
Speaker 1: the US and referred to Ukraine as the fifty first state. Um. Uh.

862
00:47:17,520 --> 00:47:22,240
Speaker 1: You've also seen comments from Kevin McCarthy um, the the

863
00:47:22,280 --> 00:47:25,800
Speaker 1: Republican leader in the House who is hoping to become

864
00:47:26,120 --> 00:47:29,640
Speaker 1: the speaker. Uh. In the next session. Uh, he's avowed

865
00:47:30,120 --> 00:47:34,040
Speaker 1: no more blank checks for Ukraine. That said, Uh, there

866
00:47:34,040 --> 00:47:38,760
Speaker 1: have been supportive comments from Mitch McConnell, the Republican leader

867
00:47:38,800 --> 00:47:41,799
Speaker 1: in the Senate. UM, and it does seem that there

868
00:47:42,040 --> 00:47:46,000
Speaker 1: is still strong bipartisan support for Ukraine, albeit with some

869
00:47:46,120 --> 00:47:49,560
Speaker 1: notable exceptions. The other big development, of course in Washington

870
00:47:49,719 --> 00:47:52,560
Speaker 1: is the House Ways and Means Committee, Democrats in particular,

871
00:47:52,920 --> 00:47:56,759
Speaker 1: voting to release former President Donald Trump's tax returns. Of course,

872
00:47:56,760 --> 00:47:59,960
Speaker 1: this is something the former president had been fighting for years.

873
00:48:00,080 --> 00:48:02,640
Speaker 1: Is from what's been released so far, Bruce, what stands

874
00:48:02,640 --> 00:48:05,920
Speaker 1: out to you? So you're right. This is a saga

875
00:48:06,000 --> 00:48:08,400
Speaker 1: that has been going on since two thousand and nineteen.

876
00:48:09,160 --> 00:48:12,680
Speaker 1: Former President Trump fought it in the courts. UM. Almost

877
00:48:12,719 --> 00:48:15,720
Speaker 1: ran out the clock here. But UM, just shortly before

878
00:48:16,080 --> 00:48:19,080
Speaker 1: the Democrats lose control of the House, they they not

879
00:48:19,160 --> 00:48:22,640
Speaker 1: only have the returns, but they have voted to release them. Um.

880
00:48:22,680 --> 00:48:25,520
Speaker 1: They haven't released them yet. There's still some redactions that

881
00:48:25,600 --> 00:48:27,880
Speaker 1: need to be done. UM. What we have heard so

882
00:48:27,920 --> 00:48:31,239
Speaker 1: far is about the report from the Joint Committee on

883
00:48:31,280 --> 00:48:36,439
Speaker 1: Taxation that's Congress's group of nonpartisan tax lawyers. UM. And

884
00:48:36,600 --> 00:48:42,720
Speaker 1: that report highlights items in the tax returns while Trump

885
00:48:42,800 --> 00:48:45,480
Speaker 1: was president, while Trump was in the White House that

886
00:48:45,600 --> 00:48:48,319
Speaker 1: they said should have been red flags for auditors to

887
00:48:48,400 --> 00:48:51,839
Speaker 1: look more UH, to look more carefully at the at

888
00:48:52,080 --> 00:48:56,200
Speaker 1: at the returns to UM, to apply more scrutiny. UM.

889
00:48:57,440 --> 00:49:00,920
Speaker 1: Richard Neil, the chairman of the Way the Means Committee,

890
00:49:01,480 --> 00:49:04,600
Speaker 1: has said that there wasn't enough work done. That the

891
00:49:04,640 --> 00:49:08,840
Speaker 1: audits which are required by the RS for presidents and

892
00:49:08,960 --> 00:49:13,239
Speaker 1: vice presidents were perfunctory at best. UM. And he's now

893
00:49:13,280 --> 00:49:15,920
Speaker 1: introduced He says he's going to introduce a bill that

894
00:49:15,960 --> 00:49:18,719
Speaker 1: would require the RS to to do their audits within

895
00:49:18,840 --> 00:49:22,680
Speaker 1: ninety days. Of course, there's almost no time left in

896
00:49:22,680 --> 00:49:25,600
Speaker 1: this Congress, so that probably isn't gonna go anywhere. UM.

897
00:49:26,120 --> 00:49:29,520
Speaker 1: Kevin Brady, the top Republican on the committee, did warn

898
00:49:29,600 --> 00:49:33,200
Speaker 1: that what the Democrats have done sets a dangerous precedent UH,

899
00:49:33,239 --> 00:49:35,680
Speaker 1: and Republicans are going to be in charge in just

900
00:49:36,160 --> 00:49:39,160
Speaker 1: a few weeks, so it's part Bruce, we gotta leave

901
00:49:39,160 --> 00:49:41,759
Speaker 1: it there for now. Bruce Einhorner Bloomberg News with us

902
00:49:42,160 --> 00:49:45,839
Speaker 1: giving us all the latest from the nation's capital. Stay

903
00:49:45,880 --> 00:49:49,080
Speaker 1: with us for more as futures move higher. This is

904
00:49:49,239 --> 00:49:49,799
Speaker 1: Bloomberg