1
00:00:01,000 --> 00:00:04,800
Speaker 1: News when you wanted with Bloomberg News Now I'm Larry Cosky.

2
00:00:05,840 --> 00:00:09,399
Speaker 1: Israel's war with Hamas has resumed in full force. Air

3
00:00:09,440 --> 00:00:12,680
Speaker 1: strikes had houses and buildings in the Gaza Strip minutes

4
00:00:12,720 --> 00:00:15,160
Speaker 1: after the end of a week long truce that saw

5
00:00:15,280 --> 00:00:19,200
Speaker 1: dozens of hostages released. Secretary of State Antony B. Lincoln

6
00:00:19,239 --> 00:00:21,239
Speaker 1: blames Hamas for breaking the troops.

7
00:00:21,280 --> 00:00:24,040
Speaker 2: Even before the pause came to an end. It committed

8
00:00:24,079 --> 00:00:27,760
Speaker 2: an atrocious terist attack in Jerusalem, killing three people, wounding others,

9
00:00:27,760 --> 00:00:32,120
Speaker 2: including Americans. It began firing rockets before the pause had ended,

10
00:00:32,120 --> 00:00:34,960
Speaker 2: and as I said, it reneged on the commitments of faith.

11
00:00:35,159 --> 00:00:38,360
Speaker 1: Lincoln's comments lent crucial support to Israel just as it

12
00:00:38,400 --> 00:00:41,479
Speaker 1: resumed airstrikes in Gaza and signaled it was preparing to

13
00:00:41,520 --> 00:00:44,519
Speaker 1: push deeper into the South. Sources say a group of

14
00:00:44,520 --> 00:00:48,159
Speaker 1: Arab nations, including the United Arab Emirates in Egypt, is

15
00:00:48,240 --> 00:00:51,600
Speaker 1: pushing for new humanitarian corridors to increase the flow of

16
00:00:51,640 --> 00:00:55,760
Speaker 1: aid to Gaza. New York Congressman George Santos is now

17
00:00:55,800 --> 00:00:59,160
Speaker 1: a former Congressman. For only the sixth time in its history,

18
00:00:59,200 --> 00:01:01,640
Speaker 1: the House's voted to kick out one of its own

19
00:01:02,000 --> 00:01:05,000
Speaker 1: Bloomberg's Mike Shephard says, the last time it happened was

20
00:01:05,040 --> 00:01:06,080
Speaker 1: in two thousand and two.

21
00:01:06,160 --> 00:01:09,640
Speaker 3: In that case it was a representative Jim traffickand who

22
00:01:09,760 --> 00:01:15,000
Speaker 3: have been convicted on various charges related to corruption. And

23
00:01:15,040 --> 00:01:17,800
Speaker 3: then in this case, one of the things that was

24
00:01:17,880 --> 00:01:22,120
Speaker 3: giving at the New House speaker Mike Johnson Republican pause

25
00:01:22,440 --> 00:01:24,679
Speaker 3: was that Santas had not been convicted yet.

26
00:01:24,760 --> 00:01:28,559
Speaker 1: Santo's expulsion gives Democrats a chance to retake a congressional

27
00:01:28,600 --> 00:01:30,839
Speaker 1: seat in the New York City suburbs that they held

28
00:01:30,840 --> 00:01:35,440
Speaker 1: for a decade before Santo's selection last year. December picked

29
00:01:35,520 --> 00:01:38,800
Speaker 1: up on Wall Street where November left off. Stocks began

30
00:01:38,880 --> 00:01:42,280
Speaker 1: the month with solid gains, extending last month's rally. The

31
00:01:42,400 --> 00:01:44,920
Speaker 1: Dow led the way, gaining eight tenths of one percent.

32
00:01:45,120 --> 00:01:47,840
Speaker 1: The S and P and Nasdaq each added half a percent.

33
00:01:48,400 --> 00:01:50,840
Speaker 1: The market turned a blind eye to Fed schair Jerome

34
00:01:50,880 --> 00:01:53,480
Speaker 1: Powell's attempt to counter its bets that the Fed would

35
00:01:53,520 --> 00:01:57,200
Speaker 1: cut interest rates early next year. Speaking at Spelman College

36
00:01:57,200 --> 00:01:58,560
Speaker 1: in Atlanta, Powell said.

37
00:01:58,440 --> 00:02:00,880
Speaker 4: Inflation has moderated since the middle of last year, and

38
00:02:00,960 --> 00:02:04,320
Speaker 4: readings over the summer were quite favorable, but a few

39
00:02:04,360 --> 00:02:06,880
Speaker 4: months of good data are only the beginning of what

40
00:02:06,920 --> 00:02:10,120
Speaker 4: it will take to build confidence that inflation is moving

41
00:02:10,160 --> 00:02:12,040
Speaker 4: down sustainably toward our goal.

42
00:02:12,200 --> 00:02:14,400
Speaker 1: Markets now see the odds of a quarter point rate

43
00:02:14,480 --> 00:02:17,320
Speaker 1: cut by the Fed's March meeting at well above fifty

44
00:02:17,360 --> 00:02:20,360
Speaker 1: to fifty. Open Ai is delaying the launch of an

45
00:02:20,400 --> 00:02:24,840
Speaker 1: online store where people can interact with chatbots customized by users.

46
00:02:25,160 --> 00:02:28,320
Speaker 1: It cites the interruption caused by the ousting and subsequent

47
00:02:28,400 --> 00:02:32,560
Speaker 1: reinstatement of CEO Sam Altman. Altman officially returned to the

48
00:02:32,600 --> 00:02:36,640
Speaker 1: company behind chat GPT, along with a new board on Wednesday.

49
00:02:37,120 --> 00:02:40,480
Speaker 1: Former Treasury Secretary Larry Summers is a member of the board.

50
00:02:40,800 --> 00:02:44,200
Speaker 1: Appearing on Bloomberg's Wall Street Week, where he's a paid contributor,

51
00:02:44,480 --> 00:02:46,520
Speaker 1: Summers talked about why he took the job.

52
00:02:46,680 --> 00:02:53,240
Speaker 5: It sure looks like it's awfully important to develop rapidly,

53
00:02:54,200 --> 00:03:00,480
Speaker 5: stand safely, and to disseminate effectively and well. So when

54
00:03:00,480 --> 00:03:05,000
Speaker 5: I was offered an opportunity to be part of contributing

55
00:03:05,480 --> 00:03:09,240
Speaker 5: to that and overseeing to make sure that that was

56
00:03:10,560 --> 00:03:14,600
Speaker 5: effectively done, and to do it working with some very

57
00:03:14,600 --> 00:03:18,400
Speaker 5: great people, I thought it was a real opportunity and

58
00:03:18,440 --> 00:03:19,480
Speaker 5: I was glad to do.

59
00:03:19,400 --> 00:03:22,200
Speaker 1: It, Summer says open Ai needs to be a corporation

60
00:03:22,360 --> 00:03:24,760
Speaker 1: with a conscience and must be prepared to work with

61
00:03:24,840 --> 00:03:29,720
Speaker 1: the government on issues including regulation and national security. Amazon

62
00:03:29,800 --> 00:03:33,399
Speaker 1: has signed up with rival SpaceX for three Falcon nine

63
00:03:33,480 --> 00:03:36,920
Speaker 1: rocket launches to put some of its Project Kuiper satellites

64
00:03:36,960 --> 00:03:41,640
Speaker 1: into orbit. Project Kuiper is challenging SpaceX Starlink to provide

65
00:03:41,720 --> 00:03:45,240
Speaker 1: Internet from space service. A federal inmate has been charged

66
00:03:45,240 --> 00:03:48,040
Speaker 1: with attempted murder for the prison stabbing last month of

67
00:03:48,160 --> 00:03:52,240
Speaker 1: Derek Chauvin, the former Minneapolis police officer convicted of murdering

68
00:03:52,320 --> 00:03:56,880
Speaker 1: George Floyd. Prosecutors say John Ursak stabbed Chauvin twenty two

69
00:03:56,960 --> 00:04:00,640
Speaker 1: times in the law library at the Federal Correctional Institution

70
00:04:00,840 --> 00:04:05,520
Speaker 1: in Tucson, Arizona, with an improvised knife. Sandrad O'Connor, the

71
00:04:05,520 --> 00:04:08,520
Speaker 1: first woman to serve on the US Supreme Court, has died.

72
00:04:08,680 --> 00:04:12,200
Speaker 1: She was ninety three. O'Connor was an unwavering voice of

73
00:04:12,280 --> 00:04:15,840
Speaker 1: moderate conservatism on the Court. She retired in two thousand

74
00:04:15,840 --> 00:04:19,280
Speaker 1: and six and was replaced by Samuel Alito. The Court

75
00:04:19,320 --> 00:04:22,960
Speaker 1: said O'Connor died in Phoenix from complications related to advanced

76
00:04:22,960 --> 00:04:26,800
Speaker 1: dementia and a respiratory illness. And that's news when you

77
00:04:26,880 --> 00:04:31,000
Speaker 1: want it with Bloomberg News. Now, I'm Lowly Comson. This

78
00:04:31,400 --> 00:04:32,080
Speaker 1: is Bloomberg