1
00:00:01,840 --> 00:00:04,640
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:04,640 --> 00:00:08,280
Speaker 1: Brian Curtis in Los Angeles. A divide in thinking between

3
00:00:08,320 --> 00:00:11,559
Speaker 1: the US and Israel has now made it into public view.

4
00:00:11,760 --> 00:00:13,400
Speaker 1: Bloomberg's Ed Baxter has the.

5
00:00:13,360 --> 00:00:17,160
Speaker 2: Story President Biden very openly saying that Prime Minister Netnah,

6
00:00:17,200 --> 00:00:20,520
Speaker 2: who has to change our risk losing international support. He's

7
00:00:20,600 --> 00:00:24,680
Speaker 2: referring to two things. First that after the war, Israel

8
00:00:24,800 --> 00:00:28,760
Speaker 2: must be thinking about accepting the Palestinian authority, and second,

9
00:00:29,040 --> 00:00:32,720
Speaker 2: in the way in which the war is currently prosecuted.

10
00:00:32,120 --> 00:00:37,479
Speaker 3: Attempting to do everything possible to prevent innocent Palestinians, Evilians

11
00:00:37,520 --> 00:00:42,320
Speaker 3: from being being hurt, murdered, killed, lost.

12
00:00:42,960 --> 00:00:46,120
Speaker 2: Net Yahoo in response, says he will not accept Palestinian

13
00:00:46,120 --> 00:00:49,600
Speaker 2: authority rule. Meanwhile, the UN General Assembly has voted to

14
00:00:49,640 --> 00:00:53,320
Speaker 2: call for a cease fire. Ed Baxter, Bloomberg Radio.

15
00:00:53,680 --> 00:00:57,520
Speaker 1: Ukrainian President Vladimir Zelenski went to Congress on Tuesday to

16
00:00:57,600 --> 00:01:01,800
Speaker 1: appeal for more aid to resist Russia's invasion, but Republican

17
00:01:01,880 --> 00:01:04,080
Speaker 1: leaders told him that he'd have to wait for an

18
00:01:04,120 --> 00:01:08,560
Speaker 1: elusive US deal on immigration. Bloomberg's Eric Wasson has more.

19
00:01:08,560 --> 00:01:10,960
Speaker 4: He's going away empty handed there. That is caught up

20
00:01:11,000 --> 00:01:14,920
Speaker 4: in his border negotiation. We had Alejandro Majorca, the Department

21
00:01:14,920 --> 00:01:17,760
Speaker 4: of Homeland Security secretary, up here in the Senate for

22
00:01:17,760 --> 00:01:21,640
Speaker 4: a two hour meeting behind closed doors. Negotiators coming out

23
00:01:21,880 --> 00:01:24,480
Speaker 4: with saying some progress. So we can't really identify that

24
00:01:24,520 --> 00:01:28,360
Speaker 4: it deals anywhere closed. We're thinking January, maybe even later.

25
00:01:28,440 --> 00:01:30,960
Speaker 4: This is early days. We don't have the big players

26
00:01:31,000 --> 00:01:33,360
Speaker 4: like the President, Mitch McConnell and others in the room.

27
00:01:33,959 --> 00:01:35,600
Speaker 4: It's going to take a lot more work to get

28
00:01:35,640 --> 00:01:36,880
Speaker 4: a border deal done.

29
00:01:37,120 --> 00:01:41,880
Speaker 1: Bloomberg's Eric Watson China has vowed to make industrial policy

30
00:01:41,959 --> 00:01:45,759
Speaker 1: it's top economic priority next year. Bloomberg's Yvon Mann has

31
00:01:45,800 --> 00:01:46,759
Speaker 1: more from Hong Kong.

32
00:01:47,400 --> 00:01:50,960
Speaker 5: The annual Economic Work Conference saw an emphasis on supporting

33
00:01:51,000 --> 00:01:54,640
Speaker 5: companies to produce high value products. It also called for

34
00:01:54,680 --> 00:01:59,280
Speaker 5: steps to vigorously develop the digital economy and AI technologies.

35
00:02:00,200 --> 00:02:04,520
Speaker 5: Is likely to disappoint investors hoping for consumer focused stimulus

36
00:02:04,560 --> 00:02:07,880
Speaker 5: to boost growth, but policy makers did hint at providing

37
00:02:07,920 --> 00:02:12,440
Speaker 5: subsidies for households to spur consumption. On the property crisis,

38
00:02:12,680 --> 00:02:16,280
Speaker 5: leaders pledged to meet developers financing needs. There was also

39
00:02:16,560 --> 00:02:19,880
Speaker 5: a vague vow to launch a new round of tax reform.

40
00:02:20,440 --> 00:02:23,680
Speaker 5: The overall focus of the conference was to emphasize structural

41
00:02:23,720 --> 00:02:28,000
Speaker 5: reform rather than cyclical stimulus. In Hong Kong, I'm von

42
00:02:28,160 --> 00:02:29,440
Speaker 5: Mann Bloomberg Radio.

43
00:02:29,720 --> 00:02:33,280
Speaker 1: One metric of US consumer prices picked up in November.

44
00:02:33,520 --> 00:02:37,120
Speaker 1: There were increases in housing and other services sector costs.

45
00:02:37,520 --> 00:02:40,679
Speaker 1: We heard from David Leibovitz, said JP Morgan Asset Management.

46
00:02:40,880 --> 00:02:42,920
Speaker 1: He told us what he thinks the data means for

47
00:02:42,960 --> 00:02:43,400
Speaker 1: the FED.

48
00:02:44,120 --> 00:02:46,440
Speaker 6: I think that the tone tomorrow is going to be

49
00:02:46,520 --> 00:02:48,560
Speaker 6: more balanced than it's been in the past. I think

50
00:02:48,560 --> 00:02:50,359
Speaker 6: that they're going to begin to view kind of the

51
00:02:50,440 --> 00:02:52,600
Speaker 6: risks as being more two sided. To use a bit

52
00:02:52,680 --> 00:02:54,959
Speaker 6: of a bit of Fed speak, but I think that

53
00:02:55,000 --> 00:02:56,880
Speaker 6: they're going to push back again against what the market

54
00:02:56,919 --> 00:02:59,440
Speaker 6: is pricing, which is a cut in the late spring

55
00:02:59,480 --> 00:03:02,040
Speaker 6: and early summer. By our lights, the Fed is probably

56
00:03:02,120 --> 00:03:04,600
Speaker 6: going to remain on hold at least until the third

57
00:03:04,680 --> 00:03:06,920
Speaker 6: quarter of next year. And again, I think that they

58
00:03:06,960 --> 00:03:09,600
Speaker 6: want to see more progress on core inflation and even

59
00:03:09,639 --> 00:03:12,800
Speaker 6: that supercore measure before they begin to signal easier policy.

60
00:03:12,840 --> 00:03:15,480
Speaker 6: Because we've seen this trade play out time and time again.

61
00:03:15,800 --> 00:03:17,680
Speaker 6: The market gets a whiff that the Fed may ease,

62
00:03:17,720 --> 00:03:19,520
Speaker 6: and all of the sudden financial conditions loosen.

63
00:03:20,360 --> 00:03:23,639
Speaker 1: David Lebovitz, there a global market strategist at JP Morgan

64
00:03:23,680 --> 00:03:27,359
Speaker 1: Asset Management. The FED will issue its latest monetary policy

65
00:03:27,400 --> 00:03:32,519
Speaker 1: decision tomorrow. Argentina has devalued its currency, the Peso, by

66
00:03:32,680 --> 00:03:36,480
Speaker 1: fifty four percent. It's part of an economic shock therapy

67
00:03:36,520 --> 00:03:41,680
Speaker 1: program from newly inaugurated President Javier Milay. Milay says Argentines

68
00:03:41,720 --> 00:03:44,440
Speaker 1: will have to endure months of pain while he works

69
00:03:44,480 --> 00:03:47,960
Speaker 1: to pull the country back from the economic crisis inherited

70
00:03:48,000 --> 00:03:51,160
Speaker 1: from his predecessor. Inflation is running at more than one

71
00:03:51,240 --> 00:03:54,960
Speaker 1: hundred and forty percent annually. Chinese President Shi Jinping has

72
00:03:54,960 --> 00:03:58,920
Speaker 1: pledged to prioritize diplomacy with Vietnam. Bloomberg's Join Wong with

73
00:03:58,960 --> 00:04:01,000
Speaker 1: the story from Hongkong president.

74
00:04:01,040 --> 00:04:03,760
Speaker 7: She says the partnership with annoyed needs to be deepened.

75
00:04:04,000 --> 00:04:07,840
Speaker 7: The two nations signed thirty seven agreements, including China funding

76
00:04:07,880 --> 00:04:11,160
Speaker 7: a cross border railway a maritime issues. She said that

77
00:04:11,240 --> 00:04:15,360
Speaker 7: two side should manage differences and turn challenges into opportunities.

78
00:04:15,520 --> 00:04:19,120
Speaker 7: They've agreed to hold joint maritime patrols. The two nations

79
00:04:19,160 --> 00:04:22,720
Speaker 7: also agreed to boost trade. She's foul comes as Viennam

80
00:04:22,760 --> 00:04:25,480
Speaker 7: for just closer ties with the US and its allies

81
00:04:25,800 --> 00:04:29,240
Speaker 7: that has not gone unnoticed by China. She recently said

82
00:04:29,279 --> 00:04:32,919
Speaker 7: Vietnam should remember its traditional friendship with its neighbor in

83
00:04:33,000 --> 00:04:35,000
Speaker 7: Hong Kong. Joined Wong Bloomberg Radio.

84
00:04:35,600 --> 00:04:38,920
Speaker 1: We're hearing SpaceX. We'll sell insider shares at ninety seven

85
00:04:38,960 --> 00:04:41,800
Speaker 1: dollars apiece and a tender offer that's up from ninety

86
00:04:41,839 --> 00:04:44,560
Speaker 1: five dollars, and it brings the value of the company

87
00:04:44,600 --> 00:04:47,800
Speaker 1: closer to one hundred and eighty billion dollars. And that's

88
00:04:47,880 --> 00:04:50,839
Speaker 1: news when you want it. With Bloomberg News Now, I'm

89
00:04:50,839 --> 00:04:52,840
Speaker 1: Brian Curtis. This is Bloomberg's