Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with a pair of incidents that are
Speaker 3: putting national security back in the spotlight at the start
Speaker 3: of the year. First in New Orleans, where a man
Speaker 3: drove a rented pickup truck into a crowd of New
Speaker 3: Year's revelers in the French Quarter. At least fifteen people
Speaker 3: were killed, dozens more wounded. This man says he witnessed
Speaker 3: the rampage trek.
Speaker 2: Hates the corner and comes barreling through people, throwing people
Speaker 2: like like a movie scene, like real.
Speaker 4: Life, throwing people into the air, they falling.
Speaker 5: Under the car.
Speaker 3: The driver was killed in a shootout with police. He's
Speaker 3: been identified as shamsudn Jabbar, a forty two year old
Speaker 3: Army veteran from Texas. Alithia Duncan is the Assistant Special
Speaker 3: Agent in charge of the FBI's New Orleans Field Office.
Speaker 4: We do not believe the.
Speaker 3: Javar was slowly responsible.
Speaker 1: We're aggressively running down every lead, including those of his
Speaker 1: known associates.
Speaker 3: FBI Special Agent Aalithia Duncan says authorities found an Islamic
Speaker 3: state flag in the pickup truck, along with two improvised
Speaker 3: explosive devices. She says more potential IEDs were found in
Speaker 3: the French quarter. This attack happened hours before the Sugar
Speaker 3: Bowl was set to kick off at the Caesars super
Speaker 3: Dome in New Orleans. That game has been postponed to
Speaker 3: today well Nathan.
Speaker 2: Hours after the New Orleans attack, an incident in Las
Speaker 2: Vegas piled onto the security concerns. A Tesla cyber truck
Speaker 2: pulled up to the Trump Las Vegas Hotel and exploded,
Speaker 2: killing the driver and injuring seven others. Kevin mcmayhill as
Speaker 2: the Las Vegas sheriff.
Speaker 6: It pulled right up to the glass entrance doors of
Speaker 6: the hotel. We saw that smoke start showing from the
Speaker 6: vehicle and then a large explosion from the truck occurs.
Speaker 2: Sheriff mcmayhill says fuel canisters and fireworks more are found
Speaker 2: inside the cyberg truck. Tesla CEO Elon Musk says the
Speaker 2: company has confirmed the blast was not caused by the
Speaker 2: vehicle itself, and he's suggesting it could be linked to
Speaker 2: the New Orleans attack. President Biden says law enforcement is
Speaker 2: probing both incidents, and he sent a message to the
Speaker 2: people of New Orleans.
Speaker 7: To all the families of those are killed, to all
Speaker 7: those are injured, to all the people of New Leans.
Speaker 7: We're grieving today. I want you to know I agrieve
Speaker 7: with you. Our nation grieves with you.
Speaker 2: President Biden addressed the nation last night from Camp David
Speaker 2: think Care.
Speaker 3: And both incidents come less than three weeks before Donald
Speaker 3: Trump is sworn in as president. We get more on
Speaker 3: the President elect's reaction from Bloomberg Television Managing editor Miles Miller.
Speaker 4: President, like Donald Trump, who takes office on January twentieth,
Speaker 4: Calby's attacks an urgent reminder of the need for robust
Speaker 4: national security. Of course, the FBI is probing both of
Speaker 4: these crime scenes, and Donald Trump has pledged to replace
Speaker 4: the FBI director, who's already nominated someone to be Homeland
Speaker 4: Security chief. But this highlights the need for robust domestic security.
Speaker 4: When we talk about everything from homegrown terrorism to attacks
Speaker 4: from ISIS and the like. This threat of homegrown terrorism
Speaker 4: is not new.
Speaker 3: Bloomberg Television Managing editor Miles Miller says President elect Trump
Speaker 3: also used the incident to a sale crime and border security,
Speaker 3: suggesting before the suspect was identified as an American Army vet,
Speaker 3: that he may have been a migrant.
Speaker 2: Well, we turned to the markets now, Nathan, and it
Speaker 2: wasn't such a great beginning for stocks in Asia. In fact,
Speaker 2: Chinese stocks say their worse start to a year and
Speaker 2: nearly a decade. We get more from Bloomberg Markets reporter
Speaker 2: Mark Cranfield in Singapore.
Speaker 8: A little surprising in some respects when all the effort
Speaker 8: the Chinese authorities were making towards the end of last
Speaker 8: year to remind investors about all the stimulus they're doing
Speaker 8: and all the positive aspects in terms of trying to
Speaker 8: promote growth in twenty twenty five, and yet here we
Speaker 8: are with little sign that they're doing anything today, and
Speaker 8: even a speech from President Seaging Ping at the end
Speaker 8: of last year doesn't seem to have rallied the market
Speaker 8: at all.
Speaker 2: And Bloomberg's Mark Cranfield says stocks in China plunged two
Speaker 2: point nine percent in Hong Kong's Hang Sing Index led
Speaker 2: two point two percent.
Speaker 3: Nice for US markets, Karen futures are higher as we
Speaker 3: kick off the new year following gains of twenty four
Speaker 3: percent for the S and P five hundred and twenty
Speaker 3: twenty four for more. Let's bring in Bloomberg's John Tucker. Though, John,
Speaker 3: we did end the year on something of a sour no,
Speaker 3: didn't we?
Speaker 9: Yeah, good morning, Nathan. A four day slump in fact
Speaker 9: marked the end of twenty twenty four. But keep in mind, Nathan,
Speaker 9: the period known for the so called Santa Claus rallies
Speaker 9: also includes the first two trading days of the year,
Speaker 9: So not over just yet. Now, last year did mark
Speaker 9: the best two year run for the S and P
Speaker 9: five hundred since the late nineteen nineties. The magnificent seven
Speaker 9: megacaps power to surge of more than fifty percent of
Speaker 9: the benchmark index since the start of twenty twenty three.
Speaker 9: That was amid enthusiasm, of course, around artificial intelligence at
Speaker 9: AI arling in Vidia was up for the year one
Speaker 9: hundred seventy nine percent. So what's ahead? Looking forward? There's
Speaker 9: at least one key for portfolio manager Matt Stuckey at
Speaker 9: Northwestern Mutual.
Speaker 10: The path of interest rates and the level of interest
Speaker 10: rates has really dictated winners and losers in the economy
Speaker 10: as well as in the markets.
Speaker 9: And investor is also waiting to see if the AI
Speaker 9: story is going to broaden out to the rest of
Speaker 9: the market. That would mean that earnings growth would be
Speaker 9: supported not just by the mag seven but also other
Speaker 9: sectors of the S and P five hundred. You know
Speaker 9: yourcom John Tucker, Bloomberg.
Speaker 2: Radio, All right, John, thank you. About twenty twenty four
Speaker 2: was one of the best years for cryptocurrencies on record,
Speaker 2: led by regulatory approval for spot bitcoin ETF and President
Speaker 2: Elect Trump's win. In fact, bitcoin rallied one hundred and
Speaker 2: twenty percent last year. We're checking bitcoin right now it
Speaker 2: is higher, up one point nine percent at ninety six
Speaker 2: five hundred dollars.
Speaker 3: And gold's edging higher as well, Karen, after notching its
Speaker 3: biggest annual gain since twenty ten. It searched twenty seven
Speaker 3: percent in twenty two twenty four Traders assessing prospects for
Speaker 3: a slower pace of monetary easing by the Fed in
Speaker 3: twenty twenty five, and checking gold right now, it is
Speaker 3: hired by about two tenths of one percent at twenty
Speaker 3: six hundred and forty five dollars and ninety cents pronounce,
Speaker 3: and it's time.
Speaker 2: Now for a look at some of their stories making
Speaker 2: news in New York and around the world. And for
Speaker 2: that we're joined by Bloomberg's Michael Barr. Happy New Year, Michael.
Speaker 11: Happy New Year to you, Karen. The New York Police
Speaker 11: Department says that it was not a terrorist attack after
Speaker 11: ten people were shot outside of Jamaica Queen's nightclub on
Speaker 11: New Year's Day. It was believed to be a private
Speaker 11: event with dozens inside. Police said several males walk toward
Speaker 11: the venue and opened fire in the direction of a
Speaker 11: group standing in line outside the event. In my PD,
Speaker 11: Chief of Patrol Philip Rivera spoke to ABC seven, there's.
Speaker 6: Zero tolerance for these senseless shootings, these horrible acts of
Speaker 6: violence on our streets.
Speaker 3: As old responsible for this crime will be apprehended.
Speaker 11: And brought to justice. Chief Rivera says the victims were
Speaker 11: between the ages of sixteen and twenty and are expected
Speaker 11: to survive. A forty five year old man remains hospitalized
Speaker 11: after being shoved onto the path of an oncoming subway
Speaker 11: train in Manhattan. The victim remains in stable condition with
Speaker 11: broken ribs and a fractured skull. This woman was in
Speaker 11: the subway station and saw the incident. Unfold.
Speaker 10: Something needs to be done. I don't know if it's
Speaker 10: enhanced security in the subways, help for mentally ill people
Speaker 10: in the streets. It was terrifying.
Speaker 11: A twenty three year old from Brooklyn, Kamil Hawkins, has
Speaker 11: been charged in the attack. At least three people were
Speaker 11: killed in a fireworks explosion in a Honolulu area neighborhood
Speaker 11: just before midnight on New Year's Eve. At least twenty
Speaker 11: others were injured. Hawaii Governor Josh Green described the explosion
Speaker 11: area as gruesome.
Speaker 3: There's organic material from our loved ones on the windows
Speaker 3: of the building, across the street and the cars. I mean,
Speaker 3: that's what our first responders had to deal with.
Speaker 11: Governor Green said that they will take steps to crack
Speaker 11: down on the use of illegal fireworks. President Joe Biden
Speaker 11: will give the second highest civilian award to Liz Cheney
Speaker 11: and Benny Thompson, the lawmakers who led the congressional investigation
Speaker 11: into the violent January sixth Capitol riot by Donald Trump supporters.
Speaker 11: Trump has said both should be jailed. Biden will award
Speaker 11: the Presidential Citizens Medal to twenty people today, including Americans
Speaker 11: who fought for marriage equality. Former New York City Mayor
Speaker 11: Rudy Giuliani is fighting to keep one gleaming set of
Speaker 11: sports memorabilia in the family, Yankees World Series rings, bestowed
Speaker 11: to him by the team's late owner, George Steinbrenner. It
Speaker 11: comes as Giuliani has to satisfy at one hundred and
Speaker 11: forty eight million dollar defamation verdict. Global News twenty four
Speaker 11: hours a day and whenever you want it for the
Speaker 11: Bloomberg News Now, Michael Barrn, this is Bloomberg. Karen.
Speaker 2: All right, Michael barr thank you time now for the
Speaker 2: Bloomberg Sports Update, brought to you by Tri State out
Speaker 2: you and we bring in John stash Hour and a
Speaker 2: happy New Year to you as well.
Speaker 5: John, and to you Karen as well, thanks to New
Speaker 5: Year's Day. College football playoff quarterfinals had an epic thriller,
Speaker 5: a blowout, and a postponed with a Sugar Bowl Georgia
Speaker 5: Notre Dame. Instead, we played today starting at four, postponed
Speaker 5: after the tragedy that took place in New Orleans. Today
Speaker 5: began with the Peach Bowl in Atlanta. Furious comeback by
Speaker 5: Arizona State Sun Devils trailed heavily favorite Texas by sixteen
Speaker 5: points with six and happiness to go. Regulation ended with
Speaker 5: two Arizona State touchdowns, two two point conversions, and two
Speaker 5: Texas missed field goals.
Speaker 11: Won on the last play that went off.
Speaker 5: The upright in Arizona State was looking good at overtime,
Speaker 5: having scored and having forced Texas into a fourth and long.
Speaker 9: Ready to take the snap. Has the snap four to
Speaker 9: thirteen yours looking fires. He's got golden opening peak on
Speaker 9: touchdowns exist two golden strikes again tonight forty.
Speaker 8: Down fourteen to the love one scoring.
Speaker 5: Touchdowns Miirfield Radio. Then they scored on the first play
Speaker 5: of the second ot and an interception sealed the Texas
Speaker 5: win thirty nine thirty one. At the Rose Bowl, Ohio
Speaker 5: State scored a min and a and led thirty four
Speaker 5: to nothing. Went on to wall up top seat at
Speaker 5: Oregon forty one twenty one. So it'll be Texas against
Speaker 5: Ohio State in the semifinals a week from tomorrow in Dallas.
Speaker 5: The next back of the Guard, they beat Utah one
Speaker 5: nineteen one oh three. They've now won nine in a row.
Speaker 5: Jalen Brunson set out with an injured calf, so Karl
Speaker 5: Anthony Town stepped up thirty one points, twenty one rebounds.
Speaker 5: Then that's lost in Toronto, won thirty to one thirteen.
Speaker 5: The Devil's got shut out in La three nothing. When
Speaker 5: the Giants closed out the season Sunday in Philadelphia, they
Speaker 5: will not face their old friend Saquon Barkley. The Eagles
Speaker 5: don't want to risk an injury before the playoffs, so
Speaker 5: Barkley will fall one hundred and one yards short of
Speaker 5: the all time single season rushing records still held by
Speaker 5: Eric Dickerson back in nineteen eighty four. John stashewa Bloomberg
Speaker 5: Sports Karen and Nathan.
Speaker 1: Coast to coast on Bloomberg Radio nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager. The new year is beginning
Speaker 3: with new concerns about national security after a truck attack
Speaker 3: in New Orleans and a cyber truck explosion outside the
Speaker 3: Trump Hotel in Las Vegas within hours of each other.
Speaker 3: On New Year's Day, President Biden is urging Americans not
Speaker 3: to jump to conclusions, but he does say this, I know.
Speaker 7: I can speak for all Americans, and I say our
Speaker 7: hearts were the people in New Orleans after despicable attack
Speaker 7: that occurred in early morning hours.
Speaker 3: I'm President Biden, addressed the nation last night from Camp David.
Speaker 3: This morning, were joined by Bloomberg News Senior editor Bill
Speaker 3: Ferries for the latest on both these incidents. And first off, Bill,
Speaker 3: the question that I think a lot of Americans are
Speaker 3: asking you this morning is whether there's any indication that
Speaker 3: these two incidents could be related.
Speaker 9: Good morning, Hey.
Speaker 10: Good morning, Nathan, Thanks for having me. Yeah, that is
Speaker 10: one key area of investigation now. So far, authorities have
Speaker 10: given us a lot more details about what happened in
Speaker 10: New Orleans versus what took place in Las Vegas. It's
Speaker 10: not clear at all if there is a connection. There
Speaker 10: is one thing that we do know, and that the
Speaker 10: vehicles in both of these attacks were rented from the
Speaker 10: same app, Turo, which a lot of people use to
Speaker 10: do short and long term car rentals directly from owners.
Speaker 10: That may or may not really mean anything. At this point.
Speaker 10: What investigators are saying is that the suspect in the
Speaker 10: attack in New Orleans, he was a forty two year
Speaker 10: old Army veteran and American. He did appear to have
Speaker 10: some explosive devices in his vehicle. There are also reports
Speaker 10: from officials that there were potential explosive devices found elsewhere
Speaker 10: in the French quarter there in New Orleans. The suspect
Speaker 10: also had a flag showing support for Islamic State. President
Speaker 10: Biden said he had recorded that the suspect had recorded
Speaker 10: a video showing support for Islamic State as well before
Speaker 10: the attack. But we don't know if there's really any
Speaker 10: connection to what we saw happen outside that Trump hotel
Speaker 10: in Las Vegas just a few hours later.
Speaker 3: Well, let's talk a little bit more about what we
Speaker 3: do know about this suspect. You mentioned the Islamic State
Speaker 3: flag and improvised explosive devices found in his truck, But interestingly,
Speaker 3: he was also an American Army veteran. I mean, what
Speaker 3: does that tell you.
Speaker 10: Yeah, there was a post from you know, President elect
Speaker 10: Donald Trump soon after the attack saying that, you know,
Speaker 10: suggesting that maybe this was someone who had come into
Speaker 10: the country illegally. What we do know so far, as
Speaker 10: you said, forty two year old Army veteran from Texas
Speaker 10: who died at the sea, possibly in a shootout with
Speaker 10: police there. It sounds like there is a report of
Speaker 10: the New York Times that that the suspect, Shampsu den Jabbar,
Speaker 10: did some did a tour of with with the military
Speaker 10: in Afghanistan. We don't have a lot of other details.
Speaker 10: In particular, officials have said that there he may have
Speaker 10: had some help. We don't know that for sure yet.
Speaker 10: They're talking to acquaintances, They've gone taken the investigation back
Speaker 10: to Houston to look to see if there are any
Speaker 10: leads there, and they're calling on the public for any
Speaker 10: any help the public can provide in terms of what
Speaker 10: may have been going on in this person's life, what
Speaker 10: they may have been talking about recently, what led up
Speaker 10: to all of this tragic evening.
Speaker 3: And in terms of the cyber truck explosion in Las Vegas,
Speaker 3: you mentioned that there's a lot more detail that we
Speaker 3: seem to know about the New Orleans incident. But what's
Speaker 3: the latest of what investigators have learned in Las Vegas.
Speaker 10: Well, inves they're tracking some of the closed circuit TV
Speaker 10: from around the area. There's reports that the cyber truck
Speaker 10: may have driven by the Trump Hotel about an hour
Speaker 10: before it pulled up right in front. Video that police
Speaker 10: released from that attack or incident. Show smoke coming out
Speaker 10: of the cyber truck ahead of an explosion, and then
Speaker 10: after that explosion takes place, after that fire kind of
Speaker 10: envelops the vehicle. You see fireworks exploding all over the place.
Speaker 10: We don't yet know if there was a bomb that
Speaker 10: went off or if it was some other kind of
Speaker 10: explosive massive amount of fireworks. We're not sure beyond that
Speaker 10: what happened, but certainly terrorism is something that officials are
Speaker 10: looking at at this point.
Speaker 2: This is Bloombergy day Break, your morning podcast on the
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Speaker 2: Dabray