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Speaker 1: News when you want it with Bloomberg News Now, i'mid

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Speaker 1: Keleggy President Dealank. Donald Trump said he would lobby House

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Speaker 1: Republicans to help elect Mike Johnson as Speaker if needed,

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Speaker 1: acknowledging that some lawmakers in the party had reservations about

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Speaker 1: allowing him to retain the gavel. Asked if he would

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Speaker 1: press Republicans to back Johnson, whom he endorsed on Monday

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Speaker 1: for the Post, Trump said he would do so if necessary.

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Speaker 1: Trump's comments come a day after he offered his complete

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Speaker 1: and total endorsement to Johnson in an effort to avert

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Speaker 1: a potentially crippling leadership fight which threatens to delay his

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Speaker 1: second term agenda in the new Congress, the US Department

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Speaker 1: of Justice asked the U. S. Supreme Court to halting

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Speaker 1: nationwide injunction against the Corporate Transparency Act, a move that

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Speaker 1: would allow enforcement of the anti money laundering law during

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Speaker 1: an appeal the US at the lower court. Injunction should

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Speaker 1: be stayed since the High Court traditionally applies a strong

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Speaker 1: presumption in favor of allowing challenged acts of Congress to

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Speaker 1: remain pending a final review. This, according to the application

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Speaker 1: file Tuesday, the federal government is challenging a December third

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Speaker 1: injunction by a federal judge in Texas who found that

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Speaker 1: passing the anti money laundering law overstepped Congress's constitutional authority

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Speaker 1: under the Commerce Clause. A blackout hit nearly all of

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Speaker 1: Puerto Rico early on Tuesday, as the US territory prepared

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Speaker 1: to celebrate New Years, leaving more than one point three

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Speaker 1: million clients in the dark. Official cit it could take

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Speaker 1: up to two days to restore power. The outage hit

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Speaker 1: at dawned, plunging the island into an eerie silence as

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Speaker 1: electrical appliances and air conditioners shut down before those who

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Speaker 1: could afford generators turn them on. Nearly ninety percent of

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Speaker 1: one point four million clients across Puerto Rico were left

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Speaker 1: in the dark. This according to Luma Energy, a private

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Speaker 1: company that oversees electricity transmission and distribution. A string of

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Speaker 1: volatile sessions for US stocks extended into twenty twenty fourth

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Speaker 1: last day, marking an ominous close to an otherwise stellar

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Speaker 1: year for North American equity investors. The S and P

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Speaker 1: five hundred and the NASTAQ one hundred drop for fourth

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Speaker 1: consecutive session and a year NDI pullback that has shaved

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Speaker 1: more than a trillion dollars from large cap market values. Still,

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Speaker 1: loss has remained just a blip in an advance that

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Speaker 1: has lifted the S and P five hundred more than

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Speaker 1: fifty percent since the start of twenty twenty three, the

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Speaker 1: best two year gained since the late nineteen nineties. The

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Speaker 1: New York Times is reporting the Tuesday afternoon, a man

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Speaker 1: waiting for a Number one subway train at the eighteenth

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Speaker 1: Street station in Manhattan was shoved in front of an

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Speaker 1: arriving train. He survived. He is in critical but stable

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Speaker 1: condition at Bellevue Hospital. Officers brought a man in for

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Speaker 1: questioning shortly after the incident. The US Treasury Department was

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Speaker 1: hacked by a Chinese state sponsored actor through a third

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Speaker 1: party software service provider. This according to a letter the

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Speaker 1: third party software provider, Beyond Trust, sent to Congress yesterday.

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Speaker 1: Treasury described the intrusion as a major cybersecurity incident. We

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Speaker 1: get more from Bloomberg's Creedy Gupta.

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Speaker 2: I think what's scary here is that this is a

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Speaker 2: kind of notification that Beyond Trust gave to the US

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Speaker 2: Treasury Department that there was some sort of hacking tied

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Speaker 2: to China, as you as you had just said, but

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Speaker 2: that they also Beyond Trust also does business with other

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Speaker 2: departments like the Department of Defense, Department of Veterans Affairs,

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Speaker 2: the Department of Justice, just to name a couple of

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Speaker 2: other agencies. So it's uncleared the extent to which this

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Speaker 2: has been affected or the amount of customers that were

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Speaker 2: really involved. But so far all we know is that

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Speaker 2: Beyond Trust had notified the Treasury that a certain amount

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Speaker 2: of kind of data and contact information, et cetera from

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Speaker 2: an undisclosed number of Americans was accessed by this hacker

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Speaker 2: that they have now traced back to China.

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Speaker 1: Bloomberg's Critty Gupta. Beyond Trust, which sales managed access software

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Speaker 1: and other cybersecurity products, holds contracts with the federal government

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Speaker 1: worth more than four million dollars, according to government data

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Speaker 1: compiled by Bloomberg. There are indications that the Fed might

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Speaker 1: not cut rates as often as first expected. In twenty

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Speaker 1: twenty five, Veronica Clark with Citygroup Global Markets tells Bloomberg

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Speaker 1: Surveillance that they don't think the labor market is quite

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Speaker 1: as strong as people might think.

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Speaker 3: I think the said and the markets are maybe a

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Speaker 3: bit complacent here on the weakness that we're seeing in

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Speaker 3: the labor market. I think it's been a couple months

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Speaker 3: of data and people have been convinced that this is

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Speaker 3: a healthy labor market that's stabilizing, and we really don't

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Speaker 3: see that. So I do think that this is setting

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Speaker 3: up for a more dubvish bed than expected next year.

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Speaker 1: City Group Global Markets Research director of Veronica Clark the

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Speaker 1: final training day of the year, the Dalfell twenty nine,

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Speaker 1: finishing twenty twenty four at forty two five forty four,

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Speaker 1: Nasdaq shed one seventy six, finishing at nineteen thirty ten,

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Speaker 1: and the S and P lost twenty five, finishing the

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Speaker 1: year at fifty eight to eighty one. That's news when

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Speaker 1: you want it. With Bloomberg News. Now, I met Klengi,

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Speaker 1: and this is Bloomberg