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

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Speaker 1: in Kleggy. TikTok faces a US ban next month after

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Speaker 1: an appeals court declined to pause the measure, which takes

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Speaker 1: effect if the popular video sharing app is not sold

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Speaker 1: by its China based parent byte Dance. The company's request

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Speaker 1: for the pause came after a federal appeals court panel

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Speaker 1: in Washington upheld a law that bans the social media

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Speaker 1: platform in the US unless byt Dance divests itself of

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Speaker 1: the app by January nineteenth. TikTok asked for a delay

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Speaker 1: while it appeals the decision, and as it waits for

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Speaker 1: President elect Donald Trump's incoming administration to weigh in. TikTok

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Speaker 1: will now likely ask the US Supreme Court to intervene,

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Speaker 1: but it's unlikely to prevail, according to Matthew Shettenhelm, an

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Speaker 1: analyst for Bloomberg Intelligence. Brazil markets fell Friday, capping a

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Speaker 1: turbulent week for Latin America's largest economy that saw its

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Speaker 1: currency post some of the sharpest gains and some of

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Speaker 1: the sharpest losses among global peers in the aftermath of

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Speaker 1: an outsize interest rate hike and President Luise and Ossio

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Speaker 1: Lula Di Siliva's sudden health crisis, the reale was either

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Speaker 1: the top or worst performer among emerging market currencies almost

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Speaker 1: every single session this week. On Thursday, it rose as

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Speaker 1: much as one point six percent after policymakers delivered a

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Speaker 1: one hundred basis point interest rate hike and pledged two

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Speaker 1: more of the same size. By March, hours later, it

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Speaker 1: had already given back all of its gains. It was

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Speaker 1: down one point four percent. As a member of the

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Speaker 1: cabinets at Lula would run for office again. In twenty

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Speaker 1: twenty six, broadcommon chip supplier for Apple and other big

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Speaker 1: tech companies, surged to a one trillion dollar market valuation

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Speaker 1: for the first time, after predicting a boom and demand

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Speaker 1: for its artificial intelligence chips. Sales of AI products will

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Speaker 1: gain sixty five percent in the fiscal first quarter, far

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Speaker 1: faster than its overall semiconductor growth of about ten percent.

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Speaker 1: The company said this during a post earnings conference call.

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Speaker 1: The chip maker also predicted that the addressable market for

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Speaker 1: AI components that at designs where dataset of operators would

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Speaker 1: reach as high as ninety billion dollars by fiscal twenty

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Speaker 1: twenty seven. An Iranian mothership, alien activity, overly dedicated hobbyists.

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Speaker 1: All these are just a few of the theories being

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Speaker 1: floated about the sightings of large, mysterious drones flying over

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Speaker 1: parts of New Jersey, Pennsylvania, New York, Connecticut, and the

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Speaker 1: mid Atlantic region in recent weeks. Bloomberg National security reporter

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Speaker 1: Nick Watdams says, we just don't know what thing are

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Speaker 1: yet we do have.

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Speaker 2: An occasional tendency dating back decades to look into this

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Speaker 2: guy and see something that we don't know about, and

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Speaker 2: then our imaginations start to run wild. So there's that. However,

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Speaker 2: there is also this fact that you've had these drone

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Speaker 2: sightings in the UK around US military bases. There are

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Speaker 2: a lot of concerns about who may be spying, who

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Speaker 2: may be nosing around. But you know, the other issue

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Speaker 2: is there are just so many drones out there, Bloomberg's

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Speaker 2: Nick Watams.

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Speaker 1: FED Chair J Powell could get a lot of questions

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Speaker 1: next week about President elect Trump when the Central Bank

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Speaker 1: makes its final policy decision of the year. Former New

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Speaker 1: York Fed President Bill Dudley says the Fed won't ignore

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Speaker 1: the incoming administration's policies.

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Speaker 3: I think they're going to assume that the twenty seventeen

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Speaker 3: tax cuts do get extended. So I think what Paul

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Speaker 3: said at the last press conference, we don't guess speculator

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Speaker 3: assume is actually contradicted by what they actually did in

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Speaker 3: December twenty sixteen when they did include the fiscal policies too,

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Speaker 3: so that they thought was going to be enacted by

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Speaker 3: the first Trump administration that was in the forecast.

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Speaker 1: Former New York Fed President Bill Dudley writes a lot

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Speaker 1: more about this in his latest Bloomberg opinion column. Find

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Speaker 1: it at Bloomberg dot com, slash Opinion or opin go

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Speaker 1: on the Bloomberg terminal. Elon Musk is looking to turn

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Speaker 1: the site where SpaceX builds its rockets into a new city.

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Speaker 1: SpaceX has filed to move its headquarters from Hawthorne, California,

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Speaker 1: to the location in Boca, Chica. Bloomberg's Karen Moscow has

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Speaker 1: more on this.

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Speaker 4: They've been building out this massive facility in Texas. It's

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Speaker 4: right near the Mexican border. So he officially asked a

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Speaker 4: judge to make it a city. There are still some

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Speaker 4: things that need to happen. He needs permission from local authorities,

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Speaker 4: among other things. But this is a primary location where

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Speaker 4: SpaceX builds and launches a huge Starship rocket system. It

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Speaker 4: recently added a large warehouse known as the star Factory,

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Speaker 4: which replaced many of the sized production tests, and he

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Speaker 4: employs thousands of people there, so it'll be interesting to

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Speaker 4: see this being built out.

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Speaker 1: Bloomberg's Karen Moscow. The institution is changing in restrictive way.

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Speaker 1: Citizenship is becoming more of a privilege than a right.

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Speaker 1: You could read all about it in Bloomberg's weekend edition,

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Speaker 1: exploring the places where finance, life and culture meet. Find

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

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Speaker 1: The Friday numbers on Wall Street, the doll lost eighty six,

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Speaker 1: Nastak gain twenty three, The S and P was unchanged.

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Speaker 1: That's news when you want it with Bloomberg News Now.

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Speaker 1: I made Kaleggi and this is Bloomberg