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

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Speaker 1: Doug Prisner. A ceasefire agreement between Israel and Hesbillah is

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Speaker 1: now in effect. This comes after weeks of talks mediated

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Speaker 1: by the US. Here he is President Biden.

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Speaker 2: This is designed to be a permanent cessation of hostilities.

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Speaker 2: What is left of Hesbelah and another terrorist organization will

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Speaker 2: not be allowed, well, i emphasize, will not be allowed

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Speaker 2: to threaten security of Israel again. Over the next sixty days,

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Speaker 2: the Lebanese Army and state security forces will deploy and

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Speaker 2: take control of their own territory once again. Hesbela terrorist

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Speaker 2: infrastructure and so the Lebanon will not be allowed to

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Speaker 2: be rebuilt. And over the next sixty days, Israel will

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Speaker 2: gradually withdraw its remaining forces.

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Speaker 1: That is President Biden, who went on to hail the

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Speaker 1: agreement as a major turning point. Even so, Bloomberg's Nick

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Speaker 1: Wadhams says a ceasefire deal in Gaza still remains a

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Speaker 1: challenge for the Biden administration.

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Speaker 3: The intractable problem there is that Israel says it will

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Speaker 3: not stop stop the fight in Gaza until Hamas no

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Speaker 3: longer exists as a fighting force. Hamas meanwhile says even

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Speaker 3: though it's in a vastly degraded state, it says it

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Speaker 3: will not end the fighting until Israel withdraws from the

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Speaker 3: Gaza strip. I mean, those are two fundamentally oppositional goals,

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Speaker 3: and so far the two sides have found no way

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Speaker 3: to be able to reconcile.

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Speaker 1: That was Bloomberg's Nick Wattams. There we move next to

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Speaker 1: the latest appointments in the Trump administration. The President elect

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Speaker 1: has chosen Jamison Greer as US Trade Representative. He's a

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Speaker 1: long time protege of Robert Leiittheiser the USTR during the

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Speaker 1: first Trump administration. Here is Bloomberg's end a current.

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Speaker 4: There's been a consistency when it comes to trade and

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Speaker 4: tire from the Trumpet administration is one policy tool out there.

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Speaker 4: Deadly series on jameson Greer as well, loan and establishing

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Speaker 4: in the trade community. And his appointment would kind of

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Speaker 4: bring the economic team together now with the Treasury and

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Speaker 4: with the National Economic Chair.

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Speaker 1: That is Bloomberg's end a current. Now we are told

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Speaker 1: that Greer will play a pivotal role in implementing the

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Speaker 1: President elect's tariff plans, and that would include the threat

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Speaker 1: of twenty five percent tariffs on Canadian and Mexican goods

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Speaker 1: unless those countries curbed the flows of fentanyl and migrants.

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Speaker 1: Here is Republican Congressman French Hill of Arkansas.

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Speaker 5: People are sick and tired of the crime impact, the

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Speaker 5: fentanyl impact, the death in our communities, and the overwhelming

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Speaker 5: loss of control from Tijuana to Brownsville of the Mexican

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Speaker 5: American border. So I believe that yes, he would deliver

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Speaker 5: on this, but he's also using it as a lever

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Speaker 5: to get serious conversations in Ottawa and Mexico City.

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Speaker 1: That is French Hill, the Republican congressman from Arkansas, who

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Speaker 1: was a guest on Bloomberg Surveillance. Also today, the President

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Speaker 1: elect tapped Kevin Hassett to lead the National Economic Council.

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Speaker 1: Doctor j Bardakaria has been selected as director of the

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Speaker 1: National Institutes of Health, and John Falan as Secretary of

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Speaker 1: the Navy. We go next to Texas. To Tom Homan,

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Speaker 1: the President Elect's borders are is vowing to unleash a

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Speaker 1: sweeping crackdown on illegal immigration. He spoke earlier to law

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Speaker 1: enforcement officers in the border town of Eagle Pass, Texas.

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Speaker 6: You can't have strong master security if you don't have

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Speaker 6: border security. We didn't know who's.

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Speaker 4: Coming in, what's coming in, and where's coming in.

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Speaker 6: Why's all this present? Right? No one did Burton President Trump.

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Speaker 6: President Trump's went back. President the security This border at

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Speaker 6: level we never seen before illingmgration went down to a

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Speaker 6: forty five year of Vold Illingham. Migration was down between

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Speaker 6: eighty three unprecedent's success.

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Speaker 1: Homan pledged to work closely with the State of Texas

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Speaker 1: to ramp up security measures. He also said the President

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Speaker 1: elect will use sweeping executive actions to tighten US immigration policy. Now,

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Speaker 1: the details of Trump's mass deportation plans remain unclear, although

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Speaker 1: they will likely require the cooperation of both Congress and

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Speaker 1: the migrant countries of origin. We moved next to the Fed.

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Speaker 1: Minutes from the last policy meeting show broad support for

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Speaker 1: a careful approach in future rate cuts. Here's Bloomberg's Michael McKee.

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Speaker 7: Because the future was uncertain in terms of what was

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Speaker 7: going to happen with inflation and the unmentioned election, they

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Speaker 7: wanted to make sure that people know they were data

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Speaker 7: dependent and they are not out of preset course.

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Speaker 1: Bloomberg's Michael McKee there from the FED in Washington, commenting

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Speaker 1: on the minutes from the last FED meeting. It was

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Speaker 1: at that meeting that the FED cut its benchmark rate

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Speaker 1: by a quarter point. After that larger than usual half

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Speaker 1: point reduction back in September, after the Bell CrowdStrike, Holdings

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Speaker 1: issued a weaker than expected fourth quarter earnings forecast. More

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Speaker 1: from Bloomberg's Charlie Pellett.

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Speaker 8: The report disappointed some investors who've been watching for signs

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Speaker 8: that the cybersecurity company has recovered from that massive summer outage.

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Speaker 8: The report is the company's second since a flawed crowd

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Speaker 8: Strike update crashed millions of devices operating on Microsoft's Windows systems.

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Speaker 8: The outage, which unfolded on July nineteenth, disrupted a wide

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Speaker 8: range of industries, including air travel, banks, and healthcare in

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Speaker 8: New York. Charlie Pellett Bloomberg Radio, and that is.

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

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Speaker 1: dog prisoner and this is Bloomberg