WEBVTT - CEO Murder Suspect Fights Extradition; Wall Street Awaits CPI

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning. I'm Nathan Hager and.

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<v Speaker 1>I'm Karen Moscow. Here are the stories we're following today.

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<v Speaker 3>Karen, we begin once again with the arrest of a

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<v Speaker 3>suspect accused of murdering United Healthcare CEO Brian Thompson on

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<v Speaker 3>the Manhattan Street. Let's get the very latest now at

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<v Speaker 3>Bloomberg's John Tucker.

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<v Speaker 4>John, Good morning, Nathan. The drama surrounding the intense manhunt

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<v Speaker 4>for the suspected shooter. Twenty six year old Luigi Mangione

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<v Speaker 4>has now morphed into a legal drama over his extradition

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<v Speaker 4>from Pennsylvania to New York. He's fighting it. As he

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<v Speaker 4>was letting antel the Blair County Courthouse, he yelled to

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<v Speaker 4>reporters please out. Has a defense attorney, Thomas Dicky, says

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<v Speaker 4>his client intends to plead not guilty to all charges.

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<v Speaker 5>We're going to use the process and use the constitution

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<v Speaker 5>and the rights that are available to any one of

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<v Speaker 5>us room and any Americans, a citizen or person charged

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<v Speaker 5>with a crime fighting extradition.

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<v Speaker 4>By some time, he may gain some discovery by forcing

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<v Speaker 4>authorities to show what probable cause or evidence they have

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<v Speaker 4>a Police have already said that evidence includes written admissions

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<v Speaker 4>about the crime. Meantime, in the weeks leading up to

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<v Speaker 4>the killing, friends and family worried about the accused shooter.

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<v Speaker 4>ABC tracked down a former roommate in Hawaii says Mangione

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<v Speaker 4>struggled with a back injury.

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<v Speaker 6>The severity of his back issue is such that it

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<v Speaker 6>was very difficult to have physical relationships with women.

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<v Speaker 4>Mangioni also posted about brain fog and sciatica, at one

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<v Speaker 4>point writing it's absolutely brutal to have such a life

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<v Speaker 4>halting issue. While the extradition battle unfolds, Al Tuna police

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<v Speaker 4>say some threats have been made against their officers. The

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<v Speaker 4>deputy police chief, Derek Swape said this is clearly a

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<v Speaker 4>very polarized case in New York. I'm John Tucker, Bloomberg Radio.

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<v Speaker 1>All right, John, thank you. While we want to turn

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<v Speaker 1>now to the latest developments in the Middle East. Israel

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<v Speaker 1>has increased its attacks on military sites in Syria. The

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<v Speaker 1>Israeli military claims as strikes are to prevent strategic weapons

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<v Speaker 1>from falling into the hands of terrorists. We yet more

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<v Speaker 1>from Bloomberg Middle East correspondent Jumani Birsecci.

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<v Speaker 7>It's been an extremely intense military campaign that started right

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<v Speaker 7>after the regime fell. The Israeli Air Force has now

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<v Speaker 7>said that they've launched more than three hundred raids in

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<v Speaker 7>various parts of Syria, so not specific to Damascus. They've

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<v Speaker 7>been striking most of the strategic weapons stockpiles. They've also

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<v Speaker 7>targeted navy facilities, air force airfields, weapons production sites, even

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<v Speaker 7>naval vessels as well. We're hearing off the coast of

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<v Speaker 7>Latakia the idea of estimate that they've actually managed to

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<v Speaker 7>eliminate seventy to eighty percent of Syria's entire military capabilities.

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<v Speaker 1>Bloomberg Middle Age corresponded. Jumana Barseeci says Israel is weary

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<v Speaker 1>of the opposition groups that brought down but Sharla Sadz government.

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<v Speaker 1>The rebels are led by Hayatarira al Sham and Islamist

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<v Speaker 1>group are richly affiliated with al Qaeda.

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<v Speaker 3>Now, Karen, let's get to the latest on the Trump transition.

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<v Speaker 3>President to like, Donald Trump has made more key appointments,

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<v Speaker 3>including Andrew Ferguson to lead the Federal Trade Commission. We

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<v Speaker 3>get more from Bloomberg's stud Prisner.

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<v Speaker 8>Ferguson is one of two Republican members on the FTC,

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<v Speaker 8>so his appointment will not require Senate confirmation. The chair

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<v Speaker 8>of the agency is a politically charged role currently held

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<v Speaker 8>by Lena Kahn.

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<v Speaker 9>Now.

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<v Speaker 8>Ferguson joined the FTC in April, and he has dissented

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<v Speaker 8>from several of Khan's rule making efforts, including a ban

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<v Speaker 8>on non compete clauses in employment contracts and rules making

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<v Speaker 8>it easier to cancel subscriptions. Now, Ferguson will have to

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<v Speaker 8>navigate between competing interest within the GOP on one side

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<v Speaker 8>populist regulatory hawks and on the other establishment conservatives in

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<v Speaker 8>business groups. In New York Time, Doug Prisoner, Bloomberg.

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<v Speaker 1>Radio, all Right, Doug, thank you well. Along with the

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<v Speaker 1>FTC pick, President elect Shrump has filled several more diplomatic posts.

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<v Speaker 1>He's named Ronald Johnson as his ambassador to Mexico. Johnson

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<v Speaker 1>served as ambassador to El Salvador in Trump's first term.

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<v Speaker 1>The president elect has also tapped Colony Capital founder Tom

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<v Speaker 1>Barrack to be his ambassador to Turkey and Scott Besson,

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<v Speaker 1>Trump's picked to serve as Treasury Secretary. Is planning to

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<v Speaker 1>meet with several Republican senators today as he continues to

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<v Speaker 1>build support for his nomination.

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<v Speaker 2>Turn to markets now, Karen.

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<v Speaker 3>The dollar is strengthening on a report Chinese leaders are

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<v Speaker 3>considering allowing their currency to weaken as they brace for

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<v Speaker 3>higher tariffs under a second Trump presidency. Meanwhile, stocks have

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<v Speaker 3>fallen for two straight sessions. Peter Cheer, head of macro

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<v Speaker 3>strategy at Academy Security, says stocks are at lofty levels.

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<v Speaker 10>I do think we are a little bit over our skes. Again,

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<v Speaker 10>it's very hard to get a big sell off. I

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<v Speaker 10>think in December seasonality tends to be good, but I

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<v Speaker 10>do see a lot of froth building up in the market.

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<v Speaker 10>I think people have also become overly complacent on Trump.

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<v Speaker 10>I think they forget that he likes chaos, and now

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<v Speaker 10>that everyone's decided, oh, these are all just negotiating employees

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<v Speaker 10>with China, We're set up for a little bit of

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<v Speaker 10>failure as we see real friction emerge.

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<v Speaker 3>Academy Securities, Peter cheeroes this s P five hundred is

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<v Speaker 3>up more than twenty six percent so far this year.

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<v Speaker 1>Well, Nathan, the direction of the markets today and next

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<v Speaker 1>week's FED decision may be impacted by a key economic reading.

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<v Speaker 1>This morning at eight thirty am, Wall Street time to

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<v Speaker 1>get the latest reading on inflation, but the consumer price

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<v Speaker 1>index for November, we get a preview with Bloomberg's Michael.

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<v Speaker 11>McKee headline, Inflation is forecast to have ticked up in November.

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<v Speaker 11>Will that derail of FED rate cut next week? Probably not.

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<v Speaker 11>The FED will be most interested in the composition of inflation.

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<v Speaker 11>The largest contributor to higher prices is housing, and it's

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<v Speaker 11>not getting any cheaper. The question is will the rate

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<v Speaker 11>of increase slow. Used car prices are also expected up

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<v Speaker 11>a question of demand used car sales, and therefore prices

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<v Speaker 11>tend to rise after natural disasters like October's hurricanes. Also

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<v Speaker 11>on watch auto insurance. All things a FED rate cut

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<v Speaker 11>likely warned influence Michael McKee, Bloomberg Radio.

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<v Speaker 2>I might thank.

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<v Speaker 3>Several companies are in the news this morning, including SpaceX.

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<v Speaker 3>The value of Lawn Musk's rocket company has jumped to

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<v Speaker 3>about three hundred and fifty billion dollars. That's because, according

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<v Speaker 3>to an email to employees seen by Bloomberg, investors have

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<v Speaker 3>agreed to purchase as much as one and a quarter

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<v Speaker 3>billion dollars of SpaceX common shares at one hundred and

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<v Speaker 3>eighty five.

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<v Speaker 2>Dollars a piece.

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<v Speaker 3>Sources tell us that share prices up from the one

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<v Speaker 3>hundred and twelve dollars established during a previous valuation.

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<v Speaker 1>As of late September, Well Nathan, one of musk competitors

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<v Speaker 1>and another one of his other businesses, is making a

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<v Speaker 1>strategic move. General Motors is shutting down its Cruise Robotaxi program,

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<v Speaker 1>citing high development costs and reputational risks. GM invested more

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<v Speaker 1>than nine billion dollars in Cruise and at one point

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<v Speaker 1>rivaled Google parent Alphabet's Waimo for robotaxi supremacy and San

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<v Speaker 1>Francisco and other cities. Both Alphabet and Tesla have trillion

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<v Speaker 1>dollar market caps that dwarf GM's fifty eight billion dollar valuation.

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<v Speaker 2>Well, Karen Kroger may have to shop for a new

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<v Speaker 2>takeover target.

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<v Speaker 3>A federal judge has blocked the supermarket chain's twenty four

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<v Speaker 3>point six billion dollar acquisition of Albertsons. The judge the

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<v Speaker 3>takeover with lesson competition for grocery shoppers. Kroger rose more

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<v Speaker 3>than five percent on the news, while Albertsons fell two

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<v Speaker 3>point three percent.

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<v Speaker 1>And nathan Us Steel and dropped almost ten percent, sources

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<v Speaker 1>a President Biden plans to formally block the fourteen point

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<v Speaker 1>one billion dollars sale of the company to nip On

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<v Speaker 1>Steel on national security grounds. The fate of the once

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<v Speaker 1>fabled US steelmaker has become a hot political issue since

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<v Speaker 1>the company reached an agreement to be taken over by

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<v Speaker 1>its Japanese suitor almost a year ago. US Steel has

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<v Speaker 1>so the deal represents a lifeline and warned it may

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<v Speaker 1>move its headquarters out of Pennsylvania and shutter some operations

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<v Speaker 1>if the merger collapses. Time now for a look at

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<v Speaker 1>some of the other stories making news in New York

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<v Speaker 1>and around the world, and for that we're joined by

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<v Speaker 1>Bloomberg's Michael Barr. Michael, good Morning.

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<v Speaker 9>Good morning. Karen. The marine veteran who choked a volatile,

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<v Speaker 9>mentally ill man on a New York subway, is speaking

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<v Speaker 9>about the incident. Daniel Penny, recently acquitted of criminally negligent homicide,

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<v Speaker 9>says he couldn't have lived with himself if he hadn't acted.

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<v Speaker 9>Penny put Jordan Neely in a choke hold for about

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<v Speaker 9>six minutes after Neely had an outburst that frightened riders

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<v Speaker 9>on a subway car.

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<v Speaker 6>He was just threatening to kill people. Who's threatening to

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<v Speaker 6>go to jail forever, go to jail for the rest

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<v Speaker 6>of his life. And now where I'm on the ground

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<v Speaker 6>with him, I'm on my back in a very vulnerable position.

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<v Speaker 9>Daniel Penny spoke to Fox News. Meanwhile, scores of New

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<v Speaker 9>Yorker's protest at the trial outcome last evening. About twenty

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<v Speaker 9>thousand residents in Malibu, California, are under evacuation orders and

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<v Speaker 9>alerts as a fire burning near the city now spans

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<v Speaker 9>more than four square miles and remains zero percent contained.

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<v Speaker 9>Los Angeles County Fire Chief Anthony Morone says more than

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<v Speaker 9>fifteen hundred firefighters have been assigned to fight the blazes.

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<v Speaker 12>Over thirteen federal, state, and local agency aircraft were assigned

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<v Speaker 12>to the fire, and a number of those aerial resources

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<v Speaker 12>will remain flying throughout the night.

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<v Speaker 9>Chief Maron says a few homes have been burned and damaged,

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<v Speaker 9>but the exact number is not yet known. Former Defense

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<v Speaker 9>Minister Kim Jong un attempted to kill himself in South Korea,

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<v Speaker 9>but failed to do so. Kim tried to kill himself

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<v Speaker 9>at a detention center in Seoul. Kim was arrested earlier

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<v Speaker 9>today after a sole court approved a warrant for him

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<v Speaker 9>on allegations of playing a key role in a rebellion

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<v Speaker 9>and committing abuse of power. He became the first person

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<v Speaker 9>arrested over the short lived martial law decree earlier this month.

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<v Speaker 9>Kim is said now to be in stable condition. Global

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<v Speaker 9>News twenty four hours a day and whenever you want

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<v Speaker 9>it with Bloomberg News Now. I'm Michael Barr, and this

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<v Speaker 9>is Bloomberg Caron.

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<v Speaker 1>All right, Michael Barr, thank you time now for the

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<v Speaker 1>Bloomberg Sports Update. It's brought to you I try state

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<v Speaker 1>OUTI here's John Stashawer, John, good morning.

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<v Speaker 13>Good morning Karen. The Yankees are willing to pay one

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<v Speaker 13>Soto about forty eight million dollars a year, and obviously

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<v Speaker 13>they are now not doing that, so they've got money

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<v Speaker 13>to spend elsewhere, and they have added a frontline starting pitcher,

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<v Speaker 13>Max Freed. Over his last five seasons with Atlanta had

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<v Speaker 13>the second lowest dra and the majors among starters. The

0:10:22.800 --> 0:10:25.439
<v Speaker 13>Yanks are giving Freed an eight year contract that takes

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<v Speaker 13>him to age thirty eight. It's for two hundred and

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<v Speaker 13>eighteen million dollars. That's the most ever for a leftyes

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<v Speaker 13>for their offense. Help could come into possible trade with

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<v Speaker 13>the Cardinals for eight time All Star, ten time Gold

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<v Speaker 13>Glove winning third baseman Nolan and Aaronado. His agent was

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<v Speaker 13>given permission to seek a deal, and the Yanks said

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<v Speaker 13>to be among the teams interested. With Soto on the Mets,

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<v Speaker 13>Does that mean Pete Alonzo will not re sign? Mets

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<v Speaker 13>gentlemenager David Stern spoke with sn Y.

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<v Speaker 14>We love Pete and we've been consistent about that throughout

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<v Speaker 14>Pizza A really good met and we'll see where the

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<v Speaker 14>off season goes. I'm not going to make any predictions,

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<v Speaker 14>but we understand what Pete has met to our franchise

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<v Speaker 14>and we're gonna see how the rest of the offseason

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<v Speaker 14>plays out.

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<v Speaker 13>One other signing last night Texas is keeping starter Nathan

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<v Speaker 13>Neval the NBA Cup Quarterfinals, Milwaukee got thirty seven points

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<v Speaker 13>from Gianni's son to the Compo beat Orlando one fourteen

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<v Speaker 13>one oh nine, thirty nine points for Shay Gilgess Alexander

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<v Speaker 13>and Oklahoma City's one eighteen one oh four went over Dallas,

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<v Speaker 13>so the Bucks and Thunder advance the Saturday Semifinals in

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<v Speaker 13>Las Vegas, and the Knicks hoping to join them. They

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<v Speaker 13>need to beat at LNT to tonight at the Garden.

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<v Speaker 13>Rangers played tonight in Buffalo. Blue Shorts lost only four

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<v Speaker 13>of their first seventeen games. They've dropped eight of their

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<v Speaker 13>last ten. Islanders last night lost to the Kings three

0:11:38.760 --> 0:11:41.079
<v Speaker 13>to one. Devils lost two one in overtime to Toronto.

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<v Speaker 13>Bruins lost in Winnipeg eight to one. College hoops with

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<v Speaker 13>the Garden, Tennessee now ranked number one first time in

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<v Speaker 13>six years, and the Balls went to nine to zero,

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<v Speaker 13>all nine by double digits seventy five sixty two over Miami.

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<v Speaker 13>Also at MSG, Arkansas, now coached by John Caliperi, came

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<v Speaker 13>from fifteen down beat Michigan by two. Rutgers beat Penn

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<v Speaker 13>State eighty six. John Starshawer Bloomberg Sport Karen Ethan.

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<v Speaker 9>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 9>and around the world on Bloomberg dot Com and the

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<v Speaker 9>Bloomberg Business app.

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<v Speaker 2>This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.

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<v Speaker 3>The five day man hunt for the suspect in United

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<v Speaker 3>Healthcare CEO Brian Thompson's murder is now a drawn out

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<v Speaker 3>legal fight. Luigi Mangioni is fighting extradition to New York.

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<v Speaker 3>His attorney, Thomas Dicky, says he will plead not guilty.

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<v Speaker 5>The burden's always on the government, thank god, and that's

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<v Speaker 5>start burden, and they're going to have to produce some

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<v Speaker 5>evidence and we're anxious to see it.

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<v Speaker 3>Attorney Thomas Dicky spoke in Altuna, Pennsylvania, where Mangioni remains held,

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<v Speaker 3>this morning, and from where we are joined by Bloomberg

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<v Speaker 3>News Senior editor Bill Ferries. Bill, good morning, Waving. Extradition

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<v Speaker 3>does drag this case out potentially for quite a while,

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<v Speaker 3>but we've already seen quite a bit of evidence against

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<v Speaker 3>Luigi Mangioni.

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<v Speaker 2>Good morning, Hey, good morning.

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<v Speaker 15>Yeah. I think Mangioni and is his attorney are going

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<v Speaker 15>to try to slow this process down. I mean, we

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<v Speaker 15>got used to this, you know, this five day manhunt

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<v Speaker 15>where things were happening every day. We were getting little

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<v Speaker 15>kind of drip feeds of of evidence and uh and

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<v Speaker 15>some news about where uh Mangioni, the you know, the

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<v Speaker 15>alleged suspect here was moving around, where he was going,

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<v Speaker 15>what he had on him.

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<v Speaker 9>Uh.

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<v Speaker 15>But yeah, this is gonna slow down considerably in the

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<v Speaker 15>coming weeks as he fights that extradition. We have seen

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<v Speaker 15>police reports have put out some evidence so far. They

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<v Speaker 15>say they found basically a ghost gun and and a

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<v Speaker 15>silencer suppressor that appeared to have been three D printed.

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<v Speaker 15>He did have some sort of a manifesto against the

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<v Speaker 15>health insurance industry on him, and I think we've seen

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<v Speaker 15>some brief excerpts of that, and I'm sure more will

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<v Speaker 15>be coming.

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<v Speaker 10>Uh.

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<v Speaker 15>And of course, you know, just to initially investigate this crime,

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<v Speaker 15>there was a considerable amount of use of you know,

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<v Speaker 15>looking at a CCTV videotapes from around New York City,

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<v Speaker 15>including all the way to the bus station. Still a

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<v Speaker 15>lot of questions in this case, but fighting that extradition

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<v Speaker 15>gives Mangioni a chance to perhaps look for a stronger

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<v Speaker 15>legal team in New York, if that's what he wants

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<v Speaker 15>to do. And it also allows him to avoid going

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<v Speaker 15>into Rikers Island prison right now, which is most likely

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<v Speaker 15>where he would be sent if he waived extradition and

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<v Speaker 15>went to New York.

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<v Speaker 3>So a lot of questions still to be answered, Bill,

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<v Speaker 3>but I think one of the biggest questions for many

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<v Speaker 3>people watching this case is how does someone with the

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<v Speaker 3>kind of privileged background that Luigi Mangioni has wind up

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<v Speaker 3>being a suspect in a mid ten Manhattan murder.

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<v Speaker 15>Yeah, that's going to be a huge part of this

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<v Speaker 15>just kind of you how do you evolve from one

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<v Speaker 15>to the other. There he went to obviously one of

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<v Speaker 15>the most elite schools in the country, Gilman School in Baltimore,

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<v Speaker 15>University of Pennsylvania. He even taught a class for summer

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<v Speaker 15>high school students at Stanford University in AI, so a

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<v Speaker 15>really shocking change. There's been a lot of digging into

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<v Speaker 15>his social media profile, some questions about whether maybe he

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<v Speaker 15>had chronic back pain as a result of some kind

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<v Speaker 15>of a surfing accident or other sports accident, and whether

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<v Speaker 15>you know that may be linked to his complaints or

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<v Speaker 15>frustrations about the insurance industry that I think as those

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<v Speaker 15>are the kind of things that I expect to see

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<v Speaker 15>coming out in the weeks ahead as he fights extradition

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<v Speaker 15>and perhaps makes prosecutors release a little bit more information

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<v Speaker 15>about what you know, what they've collected in the last

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<v Speaker 15>week or so.

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<v Speaker 3>And in our last thirty seconds bill this is really

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<v Speaker 3>sent a shutter through the health insurance industry.

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<v Speaker 2>Hasn't end, Yeah, it has.

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<v Speaker 15>I think you're seeing all the frustrations that a lot

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<v Speaker 15>of people have about the cost of healthcare and and

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<v Speaker 15>you know, claims being denied. I think that's turning up

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<v Speaker 15>in some of the support you're seeing for man Gioni

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<v Speaker 15>saying he's, you know, supporting this kind of vigilante action

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<v Speaker 15>that Governor Sapiro and Pennsylvania and others have been speaking

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<v Speaker 15>out against.

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