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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner.

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Speaker 1: We began in Australia and the latest on the mass

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Speaker 1: shooting in Sydney that killed fifteen people at a Honaker celebration.

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Speaker 1: The gunmen behind the attack were motivated by Islamic state ideology.

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Speaker 1: That's according to Australia's Prime Minister Anthony ALBANIZI. Here's Malanion

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Speaker 1: of the New South Wales Police.

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Speaker 2: There has been reports in the news about our two

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Speaker 2: offenders traveling to the Philippines last month. I can confirm

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Speaker 2: that they did travel to the Philippines. The reasons why

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Speaker 2: they went to the Philippines and the purpose of that

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Speaker 2: and where they went when they were there is under

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Speaker 2: investigation at the moment. I also confirmed that the vehicle,

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Speaker 2: which is registered to the younger male, contained IEDs, but

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Speaker 2: I also confirmed that it contained two homemade Isis flags.

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Speaker 1: Malilanion there. He is the Commissioner of the New South

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Speaker 1: Wales Police Force. The US military said it attacked three

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Speaker 1: boats accused of smuggling drugs in the Eastern Pacific Ocean.

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Speaker 1: Eight people were killed. In a post on social media,

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Speaker 1: the military said the strikes targeted designated terrorist organizations. President

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Speaker 1: Trump has sued the BBC for five billion dollars. The

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Speaker 1: President is accusing the broadcaster of defamation after a misleading

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Speaker 1: edit in a documentary film last year. That edit made

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Speaker 1: it appear as though Trump encouraged the January sixth, twenty

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Speaker 1: twenty one attack on the US Capitol. Now, the BBC

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Speaker 1: has already acknowledged the edited footage was wrong and its

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Speaker 1: issued an apology. Ford Motor has announced a major overhaul

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Speaker 1: of its electric vehicle strategy. The company will shift away

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Speaker 1: from evs and toward gas and hybrid vehicles, and this

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Speaker 1: will result in a charge of nineteen and a half

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Speaker 1: billion dollars. And as a part of the shift, Ford

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Speaker 1: is planning to scrap its next gen electric F series trucks.

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Speaker 1: Now the electric F one to fifty lightning pickup will

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Speaker 1: be converted into an extended range hybrid vehicle. Here is

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Speaker 1: Ford CEO Jim Farley speaking earlier to Bloomberg.

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Speaker 3: Well, look, we're unique from our competitors. We don't have

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Speaker 3: plants at are Electric. We have a whole business at Electric.

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Speaker 3: So we looked at that whole business and evaluated the

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Speaker 3: valuation of the assets and we made these decisions of

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Speaker 3: future products. The bottom line is the cash subset of

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Speaker 3: that is about five and a half billion of the

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Speaker 3: nineteen billion, and the ROI on that five and a

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Speaker 3: half billion is very attractive. These are great products, they're affordable.

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Speaker 3: That's where the market is today.

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Speaker 1: Jim Farley there, he is the CEO of Ford Shares

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Speaker 1: and Ford. We're up one percent in late US trading.

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Speaker 1: A manhunt for the shooter who killed two students at

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Speaker 1: Brown University has entered its third day. Earlier, authorities released

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Speaker 1: a person of interest after determining the evidence pointed in

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Speaker 1: a different direction, and now law enforcement officials are pursuing

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Speaker 1: a new lead based on photos and videos of an

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Speaker 1: individual taken hours before the shooting. There is Providence Police

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Speaker 1: Chief Oscar Perez.

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Speaker 4: Our work that initiated today and continues and to initiate

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Speaker 4: for a while since he started. We're up the forty

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Speaker 4: ninth hour, and there's no one that wants to put

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Speaker 4: these individual in handcuffs than.

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Speaker 1: US Providence Police Chief Oscar Perez. Now, Brown University has

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Speaker 1: canceled remaining in person exams for the fall semester, except

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Speaker 1: for the Medical School and the NBA program. Students are

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Speaker 1: free to leave campus if they are able with essential

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Speaker 1: staff required to remain. We go to the latest on

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Speaker 1: war in Ukraine. Ukrainian and US officials wrapped up a

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Speaker 1: second day of talks in Berlin. US negotiators offered more

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Speaker 1: substantial security guarantees to Kiev as part of President Trump's

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Speaker 1: renewed push to end the war. Now, the Trump administration

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Speaker 1: offered to provide Ukraine with Article five like security guarantees.

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Speaker 1: That's a reference to NATO's Mutual Defense Clause. However, the

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Speaker 1: US did not provide any more details. Now, President Trump

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Speaker 1: has said the war is closer than ever to ending.

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Speaker 1: Even so, the US and Ukraine have different positions on territory.

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Speaker 1: Here is Evelyn Farcas executive director for the McCain Institute.

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Speaker 5: It does feel like we're closer because we see the

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Speaker 5: Ukrainians making increasing number of concessions, and you know, taking

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Speaker 5: the NATO membership off the table is a huge security

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Speaker 5: guarantee option that they now no longer have, which is why,

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Speaker 5: of course they're looking for an Article five type guarantee

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Speaker 5: from the United States, a bilateral guarantee since they can't

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Speaker 5: get the multilateral one. But I'm afraid we don't know

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Speaker 5: what the Russian side is saying or planning, And there

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Speaker 5: I'm a little more skeptical even if they agree to

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Speaker 5: continue the talks or to a cease fire.

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Speaker 1: Evelyn Farcas there from the McCain Institute. Federal authorities in

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Speaker 1: California say they have foiled a plot to set off

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Speaker 1: bombs on New Year's Eve. Four people have been wrested

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Speaker 1: from a group law enforcement is calling the Turtle Island

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Speaker 1: Liberation Front. Authority say the group was planning to plant

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Speaker 1: bombs at five different locations, but they would not specify where.

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Speaker 1: Here is First Assistant US Attorney Bill A. Sale.

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Speaker 2: The charges we are announcing today stem from the defendants

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Speaker 2: and their co conspirators detailed coordinated plot to bomb multiple

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Speaker 2: US companies on New Year's Eve.

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Speaker 6: Thankfully that plot has now been foiled.

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Speaker 1: Bill as Sale there, he is First Assistant US Attorney.

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Speaker 1: The November Jobs Report will be released tomorrow before the

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Speaker 1: opening bell. We have a preview from Bloomberg's Michael McKee.

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Speaker 6: This Job's report will be a bear for investors accustomed

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Speaker 6: to making snap trades when the data are released. The

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Speaker 6: usual bed is on the change in jobs and unemployment

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Speaker 6: compared with expectations and the last release. But the last

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Speaker 6: payrolls data we have is from September and we'll only

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Speaker 6: get half of the October release. The household survey with

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Speaker 6: unemployment figures will be missing because the data couldn't be collected.

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Speaker 6: Add to that uncertainty about government employment after DOGE firings

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Speaker 6: and the government shutdown. That'll make analyzing the combined two

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Speaker 6: month report difficult. Still, it will be data and it

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Speaker 6: will get a lot of attention on Wall Street, although

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Speaker 6: the Fed will likely put much more weight on this

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Speaker 6: month's numbers. Reported on January ninth, Michael McKee, Bloomberg Radio.

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

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