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

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Speaker 1: Doug Prisoner. President elect Trump has chosen Fox News host

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Speaker 1: Pete Hegseth as his Secretary of Defense. Heg Seth is

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Speaker 1: an Army National Guard officer who served in both Iraq

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Speaker 1: and Afghanistan. Trump also announced Elon Musk will work in

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Speaker 1: conjunction with Vivek Ramaswami to lead the Department of Government

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Speaker 1: Efficiency DOJE. Trump also selected former Director of National Intelligence

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Speaker 1: John Ratcliffe as CIA Director and William mc ginley as

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Speaker 1: White House Council and Trump picked former Arkansas governor Mike

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Speaker 1: Huckabee as US Ambassador to Israel and real estate investor

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Speaker 1: Steve Whitekoff to be Special Envoy to the Middle East. Meantime,

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Speaker 1: the President elect has chosen South Dakota Governor Christy nom

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Speaker 1: to lead the Department of Homeland Security. Bloomberg's Jody Schneider

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Speaker 1: tells us the President elect is rewarding a loyalist with

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Speaker 1: a cabinet position.

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Speaker 2: She's stumped for him on the campaign. She's been somebody

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Speaker 2: who was viewed as a vice presidential pick perhaps, and

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Speaker 2: then she had some unfortunate comments that she made in

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Speaker 2: the book about dogs and that didn't go well for her.

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Speaker 2: But she basically is somebody who has really supported him

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Speaker 2: and again is viewed as a border hawk.

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Speaker 1: That is Bloomberg's Jody Schneider now known will join borders

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Speaker 1: are Tom Homan and immigration hardliner Stephen Miller on Trump's

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Speaker 1: border security team. President Biden and President elect Trump will

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Speaker 1: be meeting Wednesday morning at the White House. We have

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Speaker 1: a preview from Bloomberg's Nancy Lyons.

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Speaker 3: President Biden offered the invitation last week following Donald Trump's

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Speaker 3: election victory. It's something Trump never offered to Biden after

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Speaker 3: the twenty twenty election. Trump's wife, Milania, has also been invited.

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Speaker 3: The face to face is part of the formal transition process,

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Speaker 3: but Trump has not always followed tradition. In this time around,

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Speaker 3: He's failed to sign a required memorandum of understanding that

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Speaker 3: would grant him access to resources from the federal government

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Speaker 3: to assist with the handover. Biden has vowed there will

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Speaker 3: be a peaceful transfer of power in January in Washington.

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Speaker 3: Nancy lyons Bloomberg Radio.

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Speaker 1: The Supreme Court has made a number of decisions on

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Speaker 1: cases it does not want to hear. Bloomberg's Nathan Hager

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Speaker 1: has more from Washington.

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Speaker 4: The Justice is turned away an appeal from former Trump

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Speaker 4: White House Chief of Staff Mark Meadows to have his

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Speaker 4: Georgia election interference case move to federal court, and Appeals

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Speaker 4: Court found a rule that lets federal officials shift their

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Speaker 4: cases doesn't apply because Meadows is no longer a federal employee.

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Speaker 4: The High Court also refused to hear two landlord challenges

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Speaker 4: to New York State's rent control system. That makes three

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Speaker 4: times the justices have steered clear of that issue, and

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Speaker 4: they let a ruling stand that limits the Justice Department's

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Speaker 4: use of antitrust law when it comes to prosecuting bid

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Speaker 4: rigging or price fixing cases in Washington. I'm Nathan Hager,

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Speaker 4: Bloomberg Radio.

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Speaker 1: We go to Boston next, where Jack Tecsara was sentenced

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Speaker 1: today to fifteen years in prison. This is after pleading

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Speaker 1: guilty to leaking highly classified military documents about the war

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Speaker 1: in Ukraine online. Teksara is a former Massachusetts Air National

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Speaker 1: Guard member who earlier this year pleaded guilty to six

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Speaker 1: counts of wilful retention and transmission of national defense information.

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Speaker 1: Joshua Levy is the acting US attorney for the District

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Speaker 1: of Massachusetts. He says Teksara's actions have consequences.

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Speaker 5: Anyone who wilfully threatens our national security by illegally disseminating

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Speaker 5: classified information will face very serious repercussions.

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Speaker 1: That is Joshua Levy, the acting US Attorney for the

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Speaker 1: District of Massachusetts, onto Business News the head of the

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Speaker 1: Richmond FED, Tom Barkin, today saying the economy is in

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Speaker 1: a good place and that will allow the FED to

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Speaker 1: cut interest rates. He added, the FED as well positioned

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Speaker 1: to act if necessary.

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Speaker 5: You got a strong but choosier consumer coupled with a

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Speaker 5: more productive and a better valued workforce, and that's landed

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Speaker 5: the economy in a good place. As I said, the

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Speaker 5: Fed's in good position to respond a regardless of how

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Speaker 5: the economy evolves.

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Speaker 1: That is Richmond FED President Tom Barkin, speaking earlier at

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Speaker 1: the Baltimore Together Summit. Apple is nearing the launch of

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Speaker 1: a new product category, a home command center. We are

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Speaker 1: told it's a well mounted display, it can control appliances,

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Speaker 1: handle video conferencing, and it can use artificial intelligence to

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Speaker 1: navigate apps. The story from Bloomberg's Charlie Pellett.

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Speaker 6: Apple is aiming to catch up with rivals in the

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Speaker 6: smart home market. Sources say the company is gearing up

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Speaker 6: to announce the device as early as March and will

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Speaker 6: position it as a command center for the home. Those

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Speaker 6: sources say the product, code named J four ninety, will

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Speaker 6: also spotlight the new Apple Intelligence AI platform. CEO Tim

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Speaker 6: Cook is betting that the product can make Apple a

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Speaker 6: force in the smart home segment, where the company has

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Speaker 6: trailed behind Alphabet and Amazon in recent years. In New York,

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Speaker 6: Charlie Pellett Bloomberg Radio, and that.

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

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