Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning. I'm Nathan Hager and.
Speaker 1: I'm Karen Moscow. Here are the stories we're following today.
Speaker 3: Karen, we begin once again with the arrest of a
Speaker 3: suspect accused of murdering United Healthcare CEO Brian Thompson on
Speaker 3: the Manhattan Street. Let's get the very latest now at
Speaker 3: Bloomberg's John Tucker.
Speaker 4: John, Good morning, Nathan. The drama surrounding the intense manhunt
Speaker 4: for the suspected shooter. Twenty six year old Luigi Mangione
Speaker 4: has now morphed into a legal drama over his extradition
Speaker 4: from Pennsylvania to New York. He's fighting it. As he
Speaker 4: was letting antel the Blair County Courthouse, he yelled to
Speaker 4: reporters please out. Has a defense attorney, Thomas Dicky, says
Speaker 4: his client intends to plead not guilty to all charges.
Speaker 5: We're going to use the process and use the constitution
Speaker 5: and the rights that are available to any one of
Speaker 5: us room and any Americans, a citizen or person charged
Speaker 5: with a crime fighting extradition.
Speaker 4: By some time, he may gain some discovery by forcing
Speaker 4: authorities to show what probable cause or evidence they have
Speaker 4: a Police have already said that evidence includes written admissions
Speaker 4: about the crime. Meantime, in the weeks leading up to
Speaker 4: the killing, friends and family worried about the accused shooter.
Speaker 4: ABC tracked down a former roommate in Hawaii says Mangione
Speaker 4: struggled with a back injury.
Speaker 6: The severity of his back issue is such that it
Speaker 6: was very difficult to have physical relationships with women.
Speaker 4: Mangioni also posted about brain fog and sciatica, at one
Speaker 4: point writing it's absolutely brutal to have such a life
Speaker 4: halting issue. While the extradition battle unfolds, Al Tuna police
Speaker 4: say some threats have been made against their officers. The
Speaker 4: deputy police chief, Derek Swape said this is clearly a
Speaker 4: very polarized case in New York. I'm John Tucker, Bloomberg Radio.
Speaker 1: All right, John, thank you. While we want to turn
Speaker 1: now to the latest developments in the Middle East. Israel
Speaker 1: has increased its attacks on military sites in Syria. The
Speaker 1: Israeli military claims as strikes are to prevent strategic weapons
Speaker 1: from falling into the hands of terrorists. We yet more
Speaker 1: from Bloomberg Middle East correspondent Jumani Birsecci.
Speaker 7: It's been an extremely intense military campaign that started right
Speaker 7: after the regime fell. The Israeli Air Force has now
Speaker 7: said that they've launched more than three hundred raids in
Speaker 7: various parts of Syria, so not specific to Damascus. They've
Speaker 7: been striking most of the strategic weapons stockpiles. They've also
Speaker 7: targeted navy facilities, air force airfields, weapons production sites, even
Speaker 7: naval vessels as well. We're hearing off the coast of
Speaker 7: Latakia the idea of estimate that they've actually managed to
Speaker 7: eliminate seventy to eighty percent of Syria's entire military capabilities.
Speaker 1: Bloomberg Middle Age corresponded. Jumana Barseeci says Israel is weary
Speaker 1: of the opposition groups that brought down but Sharla Sadz government.
Speaker 1: The rebels are led by Hayatarira al Sham and Islamist
Speaker 1: group are richly affiliated with al Qaeda.
Speaker 3: Now, Karen, let's get to the latest on the Trump transition.
Speaker 3: President to like, Donald Trump has made more key appointments,
Speaker 3: including Andrew Ferguson to lead the Federal Trade Commission. We
Speaker 3: get more from Bloomberg's stud Prisner.
Speaker 8: Ferguson is one of two Republican members on the FTC,
Speaker 8: so his appointment will not require Senate confirmation. The chair
Speaker 8: of the agency is a politically charged role currently held
Speaker 8: by Lena Kahn.
Speaker 9: Now.
Speaker 8: Ferguson joined the FTC in April, and he has dissented
Speaker 8: from several of Khan's rule making efforts, including a ban
Speaker 8: on non compete clauses in employment contracts and rules making
Speaker 8: it easier to cancel subscriptions. Now, Ferguson will have to
Speaker 8: navigate between competing interest within the GOP on one side
Speaker 8: populist regulatory hawks and on the other establishment conservatives in
Speaker 8: business groups. In New York Time, Doug Prisoner, Bloomberg.
Speaker 1: Radio, all Right, Doug, thank you well. Along with the
Speaker 1: FTC pick, President elect Shrump has filled several more diplomatic posts.
Speaker 1: He's named Ronald Johnson as his ambassador to Mexico. Johnson
Speaker 1: served as ambassador to El Salvador in Trump's first term.
Speaker 1: The president elect has also tapped Colony Capital founder Tom
Speaker 1: Barrack to be his ambassador to Turkey and Scott Besson,
Speaker 1: Trump's picked to serve as Treasury Secretary. Is planning to
Speaker 1: meet with several Republican senators today as he continues to
Speaker 1: build support for his nomination.
Speaker 2: Turn to markets now, Karen.
Speaker 3: The dollar is strengthening on a report Chinese leaders are
Speaker 3: considering allowing their currency to weaken as they brace for
Speaker 3: higher tariffs under a second Trump presidency. Meanwhile, stocks have
Speaker 3: fallen for two straight sessions. Peter Cheer, head of macro
Speaker 3: strategy at Academy Security, says stocks are at lofty levels.
Speaker 10: I do think we are a little bit over our skes. Again,
Speaker 10: it's very hard to get a big sell off. I
Speaker 10: think in December seasonality tends to be good, but I
Speaker 10: do see a lot of froth building up in the market.
Speaker 10: I think people have also become overly complacent on Trump.
Speaker 10: I think they forget that he likes chaos, and now
Speaker 10: that everyone's decided, oh, these are all just negotiating employees
Speaker 10: with China, We're set up for a little bit of
Speaker 10: failure as we see real friction emerge.
Speaker 3: Academy Securities, Peter cheeroes this s P five hundred is
Speaker 3: up more than twenty six percent so far this year.
Speaker 1: Well, Nathan, the direction of the markets today and next
Speaker 1: week's FED decision may be impacted by a key economic reading.
Speaker 1: This morning at eight thirty am, Wall Street time to
Speaker 1: get the latest reading on inflation, but the consumer price
Speaker 1: index for November, we get a preview with Bloomberg's Michael.
Speaker 11: McKee headline, Inflation is forecast to have ticked up in November.
Speaker 11: Will that derail of FED rate cut next week? Probably not.
Speaker 11: The FED will be most interested in the composition of inflation.
Speaker 11: The largest contributor to higher prices is housing, and it's
Speaker 11: not getting any cheaper. The question is will the rate
Speaker 11: of increase slow. Used car prices are also expected up
Speaker 11: a question of demand used car sales, and therefore prices
Speaker 11: tend to rise after natural disasters like October's hurricanes. Also
Speaker 11: on watch auto insurance. All things a FED rate cut
Speaker 11: likely warned influence Michael McKee, Bloomberg Radio.
Speaker 2: I might thank.
Speaker 3: Several companies are in the news this morning, including SpaceX.
Speaker 3: The value of Lawn Musk's rocket company has jumped to
Speaker 3: about three hundred and fifty billion dollars. That's because, according
Speaker 3: to an email to employees seen by Bloomberg, investors have
Speaker 3: agreed to purchase as much as one and a quarter
Speaker 3: billion dollars of SpaceX common shares at one hundred and
Speaker 3: eighty five.
Speaker 2: Dollars a piece.
Speaker 3: Sources tell us that share prices up from the one
Speaker 3: hundred and twelve dollars established during a previous valuation.
Speaker 1: As of late September, Well Nathan, one of musk competitors
Speaker 1: and another one of his other businesses, is making a
Speaker 1: strategic move. General Motors is shutting down its Cruise Robotaxi program,
Speaker 1: citing high development costs and reputational risks. GM invested more
Speaker 1: than nine billion dollars in Cruise and at one point
Speaker 1: rivaled Google parent Alphabet's Waimo for robotaxi supremacy and San
Speaker 1: Francisco and other cities. Both Alphabet and Tesla have trillion
Speaker 1: dollar market caps that dwarf GM's fifty eight billion dollar valuation.
Speaker 2: Well, Karen Kroger may have to shop for a new
Speaker 2: takeover target.
Speaker 3: A federal judge has blocked the supermarket chain's twenty four
Speaker 3: point six billion dollar acquisition of Albertsons. The judge the
Speaker 3: takeover with lesson competition for grocery shoppers. Kroger rose more
Speaker 3: than five percent on the news, while Albertsons fell two
Speaker 3: point three percent.
Speaker 1: And nathan Us Steel and dropped almost ten percent, sources
Speaker 1: a President Biden plans to formally block the fourteen point
Speaker 1: one billion dollars sale of the company to nip On
Speaker 1: Steel on national security grounds. The fate of the once
Speaker 1: fabled US steelmaker has become a hot political issue since
Speaker 1: the company reached an agreement to be taken over by
Speaker 1: its Japanese suitor almost a year ago. US Steel has
Speaker 1: so the deal represents a lifeline and warned it may
Speaker 1: move its headquarters out of Pennsylvania and shutter some operations
Speaker 1: if the merger collapses. Time now for a look at
Speaker 1: some of the other stories making news in New York
Speaker 1: and around the world, and for that we're joined by
Speaker 1: Bloomberg's Michael Barr. Michael, good Morning.
Speaker 9: Good morning. Karen. The marine veteran who choked a volatile,
Speaker 9: mentally ill man on a New York subway, is speaking
Speaker 9: about the incident. Daniel Penny, recently acquitted of criminally negligent homicide,
Speaker 9: says he couldn't have lived with himself if he hadn't acted.
Speaker 9: Penny put Jordan Neely in a choke hold for about
Speaker 9: six minutes after Neely had an outburst that frightened riders
Speaker 9: on a subway car.
Speaker 6: He was just threatening to kill people. Who's threatening to
Speaker 6: go to jail forever, go to jail for the rest
Speaker 6: of his life. And now where I'm on the ground
Speaker 6: with him, I'm on my back in a very vulnerable position.
Speaker 9: Daniel Penny spoke to Fox News. Meanwhile, scores of New
Speaker 9: Yorker's protest at the trial outcome last evening. About twenty
Speaker 9: thousand residents in Malibu, California, are under evacuation orders and
Speaker 9: alerts as a fire burning near the city now spans
Speaker 9: more than four square miles and remains zero percent contained.
Speaker 9: Los Angeles County Fire Chief Anthony Morone says more than
Speaker 9: fifteen hundred firefighters have been assigned to fight the blazes.
Speaker 12: Over thirteen federal, state, and local agency aircraft were assigned
Speaker 12: to the fire, and a number of those aerial resources
Speaker 12: will remain flying throughout the night.
Speaker 9: Chief Maron says a few homes have been burned and damaged,
Speaker 9: but the exact number is not yet known. Former Defense
Speaker 9: Minister Kim Jong un attempted to kill himself in South Korea,
Speaker 9: but failed to do so. Kim tried to kill himself
Speaker 9: at a detention center in Seoul. Kim was arrested earlier
Speaker 9: today after a sole court approved a warrant for him
Speaker 9: on allegations of playing a key role in a rebellion
Speaker 9: and committing abuse of power. He became the first person
Speaker 9: arrested over the short lived martial law decree earlier this month.
Speaker 9: Kim is said now to be in stable condition. Global
Speaker 9: News twenty four hours a day and whenever you want
Speaker 9: it with Bloomberg News Now. I'm Michael Barr, and this
Speaker 9: is Bloomberg Caron.
Speaker 1: All right, Michael Barr, thank you time now for the
Speaker 1: Bloomberg Sports Update. It's brought to you I try state
Speaker 1: OUTI here's John Stashawer, John, good morning.
Speaker 13: Good morning Karen. The Yankees are willing to pay one
Speaker 13: Soto about forty eight million dollars a year, and obviously
Speaker 13: they are now not doing that, so they've got money
Speaker 13: to spend elsewhere, and they have added a frontline starting pitcher,
Speaker 13: Max Freed. Over his last five seasons with Atlanta had
Speaker 13: the second lowest dra and the majors among starters. The
Speaker 13: Yanks are giving Freed an eight year contract that takes
Speaker 13: him to age thirty eight. It's for two hundred and
Speaker 13: eighteen million dollars. That's the most ever for a leftyes
Speaker 13: for their offense. Help could come into possible trade with
Speaker 13: the Cardinals for eight time All Star, ten time Gold
Speaker 13: Glove winning third baseman Nolan and Aaronado. His agent was
Speaker 13: given permission to seek a deal, and the Yanks said
Speaker 13: to be among the teams interested. With Soto on the Mets,
Speaker 13: Does that mean Pete Alonzo will not re sign? Mets
Speaker 13: gentlemenager David Stern spoke with sn Y.
Speaker 14: We love Pete and we've been consistent about that throughout
Speaker 14: Pizza A really good met and we'll see where the
Speaker 14: off season goes. I'm not going to make any predictions,
Speaker 14: but we understand what Pete has met to our franchise
Speaker 14: and we're gonna see how the rest of the offseason
Speaker 14: plays out.
Speaker 13: One other signing last night Texas is keeping starter Nathan
Speaker 13: Neval the NBA Cup Quarterfinals, Milwaukee got thirty seven points
Speaker 13: from Gianni's son to the Compo beat Orlando one fourteen
Speaker 13: one oh nine, thirty nine points for Shay Gilgess Alexander
Speaker 13: and Oklahoma City's one eighteen one oh four went over Dallas,
Speaker 13: so the Bucks and Thunder advance the Saturday Semifinals in
Speaker 13: Las Vegas, and the Knicks hoping to join them. They
Speaker 13: need to beat at LNT to tonight at the Garden.
Speaker 13: Rangers played tonight in Buffalo. Blue Shorts lost only four
Speaker 13: of their first seventeen games. They've dropped eight of their
Speaker 13: last ten. Islanders last night lost to the Kings three
Speaker 13: to one. Devils lost two one in overtime to Toronto.
Speaker 13: Bruins lost in Winnipeg eight to one. College hoops with
Speaker 13: the Garden, Tennessee now ranked number one first time in
Speaker 13: six years, and the Balls went to nine to zero,
Speaker 13: all nine by double digits seventy five sixty two over Miami.
Speaker 13: Also at MSG, Arkansas, now coached by John Caliperi, came
Speaker 13: from fifteen down beat Michigan by two. Rutgers beat Penn
Speaker 13: State eighty six. John Starshawer Bloomberg Sport Karen Ethan.
Speaker 9: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 9: and around the world on Bloomberg dot Com and the
Speaker 9: Bloomberg Business app.
Speaker 2: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.
Speaker 3: The five day man hunt for the suspect in United
Speaker 3: Healthcare CEO Brian Thompson's murder is now a drawn out
Speaker 3: legal fight. Luigi Mangioni is fighting extradition to New York.
Speaker 3: His attorney, Thomas Dicky, says he will plead not guilty.
Speaker 5: The burden's always on the government, thank god, and that's
Speaker 5: start burden, and they're going to have to produce some
Speaker 5: evidence and we're anxious to see it.
Speaker 3: Attorney Thomas Dicky spoke in Altuna, Pennsylvania, where Mangioni remains held,
Speaker 3: this morning, and from where we are joined by Bloomberg
Speaker 3: News Senior editor Bill Ferries. Bill, good morning, Waving. Extradition
Speaker 3: does drag this case out potentially for quite a while,
Speaker 3: but we've already seen quite a bit of evidence against
Speaker 3: Luigi Mangioni.
Speaker 2: Good morning, Hey, good morning.
Speaker 15: Yeah. I think Mangioni and is his attorney are going
Speaker 15: to try to slow this process down. I mean, we
Speaker 15: got used to this, you know, this five day manhunt
Speaker 15: where things were happening every day. We were getting little
Speaker 15: kind of drip feeds of of evidence and uh and
Speaker 15: some news about where uh Mangioni, the you know, the
Speaker 15: alleged suspect here was moving around, where he was going,
Speaker 15: what he had on him.
Speaker 9: Uh.
Speaker 15: But yeah, this is gonna slow down considerably in the
Speaker 15: coming weeks as he fights that extradition. We have seen
Speaker 15: police reports have put out some evidence so far. They
Speaker 15: say they found basically a ghost gun and and a
Speaker 15: silencer suppressor that appeared to have been three D printed.
Speaker 15: He did have some sort of a manifesto against the
Speaker 15: health insurance industry on him, and I think we've seen
Speaker 15: some brief excerpts of that, and I'm sure more will
Speaker 15: be coming.
Speaker 10: Uh.
Speaker 15: And of course, you know, just to initially investigate this crime,
Speaker 15: there was a considerable amount of use of you know,
Speaker 15: looking at a CCTV videotapes from around New York City,
Speaker 15: including all the way to the bus station. Still a
Speaker 15: lot of questions in this case, but fighting that extradition
Speaker 15: gives Mangioni a chance to perhaps look for a stronger
Speaker 15: legal team in New York, if that's what he wants
Speaker 15: to do. And it also allows him to avoid going
Speaker 15: into Rikers Island prison right now, which is most likely
Speaker 15: where he would be sent if he waived extradition and
Speaker 15: went to New York.
Speaker 3: So a lot of questions still to be answered, Bill,
Speaker 3: but I think one of the biggest questions for many
Speaker 3: people watching this case is how does someone with the
Speaker 3: kind of privileged background that Luigi Mangioni has wind up
Speaker 3: being a suspect in a mid ten Manhattan murder.
Speaker 15: Yeah, that's going to be a huge part of this
Speaker 15: just kind of you how do you evolve from one
Speaker 15: to the other. There he went to obviously one of
Speaker 15: the most elite schools in the country, Gilman School in Baltimore,
Speaker 15: University of Pennsylvania. He even taught a class for summer
Speaker 15: high school students at Stanford University in AI, so a
Speaker 15: really shocking change. There's been a lot of digging into
Speaker 15: his social media profile, some questions about whether maybe he
Speaker 15: had chronic back pain as a result of some kind
Speaker 15: of a surfing accident or other sports accident, and whether
Speaker 15: you know that may be linked to his complaints or
Speaker 15: frustrations about the insurance industry that I think as those
Speaker 15: are the kind of things that I expect to see
Speaker 15: coming out in the weeks ahead as he fights extradition
Speaker 15: and perhaps makes prosecutors release a little bit more information
Speaker 15: about what you know, what they've collected in the last
Speaker 15: week or so.
Speaker 3: And in our last thirty seconds bill this is really
Speaker 3: sent a shutter through the health insurance industry.
Speaker 2: Hasn't end, Yeah, it has.
Speaker 15: I think you're seeing all the frustrations that a lot
Speaker 15: of people have about the cost of healthcare and and
Speaker 15: you know, claims being denied. I think that's turning up
Speaker 15: in some of the support you're seeing for man Gioni
Speaker 15: saying he's, you know, supporting this kind of vigilante action
Speaker 15: that Governor Sapiro and Pennsylvania and others have been speaking
Speaker 15: out against.
Speaker 1: This is Bloomberg Daybreak, your morning podcast on the stories
Speaker 1: making news from Wall Street to Washington and beyond.
Speaker 3: Look for us on your podcast feed by six am
Speaker 3: Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 1: You can also listen live each morning starting at five
Speaker 1: am Wall Street Time on Bloomberg eleven three to zero
Speaker 1: in New York, Bloomberg ninety nine to one in Washington,
Speaker 1: Bloomberg ninety two nine in Boston, and nationwide on serious
Speaker 1: XM Channel one twenty one.
Speaker 3: Plus listen coast to coast on the Bloomberg Business app
Speaker 3: now with Applecarplay and Android Atto interfaces.
Speaker 1: And don't forget to subscribe to Bloomberg News Now it's
Speaker 1: the latest news, whenever you want it in five minutes
Speaker 1: or less. Search Bloomberg News Now and your favorite podcast
Speaker 1: platform to stay informed all day long.
Speaker 2: I'm Karen Moscow and I'm Nathan Hager.
Speaker 3: Join us again tomorrow morning for all the news you
Speaker 3: need to start your day right here on Bloomberg Daybreak.