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

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Speaker 1: ad Kaalangi. The New York Times is reporting that the

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Speaker 1: CDC says tiny genetic alterations could help the bird flu

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Speaker 1: virus enter cells in the upper respiratory tract, but there

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Speaker 1: is no sign that mutations are widespread in nature. After

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Speaker 1: someone in southwest Louisiana was hospitalized with a severe case

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Speaker 1: of bird flu, the first such illness reported in the US,

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Speaker 1: health workers swab the person's nose and throat looking for

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Speaker 1: genetic clues about the virus. On Thursday, federal health officials

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Speaker 1: reported some unsettling results. Some of the genetic samples contain

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Speaker 1: mutations that, in theory, might help the bird flu virus

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Speaker 1: H five N one infect people more easily. Treasury Secretary

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Speaker 1: Janet Yellen says her department is likely to begin taking

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Speaker 1: special accounting maneuvers sometime in mid January to avoid breaching

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Speaker 1: the US debtlimit and urge lawmakers to take action defending

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Speaker 1: the full faith in credit of the US. Yellen wrote

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Speaker 1: in a letter on Froddy to House Speaker Mike Johnson

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Speaker 1: and other congressional leaders that on January second, twenty twenty five,

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Speaker 1: the new debt limit will be established at the amount

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Speaker 1: of outstanding debt. The treasury will be given a short reprieve, however,

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Speaker 1: because outstanding debt is scheduled to decrease by fifty four

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Speaker 1: billion dollars January second, because of the expected redemption of

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Speaker 1: securities held by a federal trust fund. South Korea's opposition

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Speaker 1: controlled National Assembly voted to impeach acting President Honduk Su,

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Speaker 1: despite protests by governing party lawmakers. The move further deepens

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Speaker 1: the country's political crisis set off by President Yunsukule's stunning

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Speaker 1: imposition of martial law and ensuing impeachment. We get more

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Speaker 1: with Joe Matthew, host of Bloomberg's Balance of Power.

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Speaker 2: South Korea's parliament did impeach the acting president Honduk Su

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Speaker 2: with it was unanimous, a one hundred ninety two to

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Speaker 2: nothing vote. They really saw him as kind of working

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Speaker 2: with the president. Now impeached President Yun in that implementation

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Speaker 2: of martial law. I'll remind everybody the un matter is

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Speaker 2: not over here. They actually have some time to figure

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Speaker 2: this out. The Constitutional Court has up to six months

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Speaker 2: to decide whether to reinstate or remove mister Yun.

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Speaker 1: Bloomberg's Joe Matthew Hans impeachment means he will be stripped

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Speaker 1: of the powers and duties of the president until the

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Speaker 1: Constitutional Court decides whether to dismiss or reinstate him. President

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Speaker 1: to like Trump promised to curtail immigration means now under

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Speaker 1: pressure from allies in the tech industry, notably Elon Musk

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Speaker 1: to promote immigration of workers with tech skills, and countervailing

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Speaker 1: pressure from anti immigration Republicans. Democratic Representative Haley Stevens, a

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Speaker 1: member of the Committee on China Competition, discussed this in

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Speaker 1: a Bloomberg interview.

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Speaker 3: This is something that we heard over and over and

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Speaker 3: over again from stakeholders that we need to stable green

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Speaker 3: cards to degrees that we need to attract and retain

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Speaker 3: global talent in this country. We welcome the conversation around

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Speaker 3: high school workers.

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Speaker 1: Democratic Representative Halee Stevens, a White House official, said Friday,

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Speaker 1: the US identified a ninth Telecommunitycations company impacted by a

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Speaker 1: wide ranging Chinese espionage effort, and that further steps are

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Speaker 1: planned to curb cyber attacks from Beijing. As the Biden

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Speaker 1: administration learns about the scope and scale of the so

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Speaker 1: called Salt Typhoon, breach, which it attributed to China. Officials

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Speaker 1: are laying the blame on companies that were slow to

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Speaker 1: identify the attack, and Newberger, the Deputy National Security Advisor

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Speaker 1: for Cyber and Emerging Technologies, told reporters Friday, the reality

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Speaker 1: is that China is targeting critical infrastructure in the United States.

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Speaker 1: Those are private sector companies, and we still see companies

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Speaker 1: not doing the basics. An outdoor holiday market in New

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Speaker 1: York City's Brian Park briefly caught fire Friday morning, sending

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Speaker 1: flames and plumes of smoke above the popular Midtown Manhattan

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Speaker 1: tourist draw as firefighters rushed to put out the blaze.

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Speaker 1: No one was injured in the fire, which began in

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Speaker 1: a section of the market just after nine a m.

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Speaker 1: According to a spokesperson for the city's fire department. At

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Speaker 1: least four shops are burned in the blaze, also which

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Speaker 1: damaged the roof of an adjacent ice skating rink. The

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Speaker 1: US the fire was not immediately clear. Longtime CBS sportscaster

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Speaker 1: Greg Gumbel has passed away after a long battle with cancer.

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Speaker 1: He was seventy eight. A growing number of money managers

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Speaker 1: say it's time to get portfolios ready for a population shift.

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Speaker 1: What a world growing older fast means for investing. You

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Speaker 1: can read all about it in Bloomberg's weekend edition, exploring

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Speaker 1: the places where finance, life and culture meets. Find it

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Speaker 1: now on bloomberg dot com and the Bloomberg Business app.

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Speaker 1: The Friday number is on Wall Street. The Dow drop

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Speaker 1: three thirty three, NASDAK lost two ninety eight, The S

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Speaker 1: and P fell sixty six. That's news when you want

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Speaker 1: it with Bloomberg News Now. I'm Mad Kleggi, and this

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Speaker 1: is Bloomberg