WEBVTT - National Guard Soldier Dead After DC Ambush; Trump Calls for 'Reverse Migration'

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

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<v Speaker 2>Good morning.

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<v Speaker 3>I'm Nathan Hager and I'm Lisa Matteo. Here are the

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<v Speaker 3>top stories we're following today.

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<v Speaker 4>Lisa, we begin though, with the latest on the attack

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<v Speaker 4>on the two National Guard members in Washington, d C.

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<v Speaker 4>One of the West Virginia Guard members who was shot

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<v Speaker 4>near the White House has died. President Trump announced it

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<v Speaker 4>during his Thanksgiving phone call to service members.

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<v Speaker 5>Sarah Beckstrom of West Virginia, one of the guards men

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<v Speaker 5>that we're talking about, highly respected, young, magnificent person, started

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<v Speaker 5>service in June of twenty twenty three, outstanding in every way.

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<v Speaker 5>She's just passed away.

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<v Speaker 4>And President Trump says the other wounded Guard member, Air

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<v Speaker 4>Force staff Sergeant Andrew Wolf, is still in critical condition,

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<v Speaker 4>fighting for his life. The suspect in their shooting has

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<v Speaker 4>been identified as twenty nine year old rock Manula Lockenwall.

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<v Speaker 4>He's an Afgha national who had worked with US forces

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<v Speaker 4>and the CIA before arriving in the US in twenty

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<v Speaker 4>twenty one. West Virginia Governor Patrick Morrissey says his state

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<v Speaker 4>has the Guards back.

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<v Speaker 6>This is unspeakable violence in Afghani came in and did

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<v Speaker 6>outrageous things. We need to have a comprehensive investigation, and

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<v Speaker 6>ultimately that investigation needs to lead to justice.

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<v Speaker 4>West Virginia Governor Patrick Morrissey spoke in a Thanksgiving address

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<v Speaker 4>to his state. Attorney General Pam Body has said she

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<v Speaker 4>would seek the death penalty if either of the victims.

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<v Speaker 3>Died, and now, following this shooting Nathan, President Trump is

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<v Speaker 3>calling for reverse migration in the US as he outlined

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<v Speaker 3>a series of potential measures to crack down on immigration.

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<v Speaker 3>They include halting admissions from unspecified developing nations, also revoking

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<v Speaker 3>citizenship from some naturalized migrants. In a pair of truth

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<v Speaker 3>social posts late last night, the president said he would

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<v Speaker 3>permanently pause migration from all third world countries and denaturalized

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<v Speaker 3>migrants who under domestic tranquility. He added that he would

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<v Speaker 3>terminate millions of admissions under his predecessor, Joe Biden, and

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<v Speaker 3>remove anyone who is not a net asset to the

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<v Speaker 3>United States or is incapable of loving our country. President

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<v Speaker 3>Trump also said he would end all federal benefits for

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<v Speaker 3>non citizens.

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<v Speaker 4>And during that phone call with service members Lisa, President

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<v Speaker 4>Trump said his administration may cut income taxes sharply for Americans.

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<v Speaker 5>Over the next couple of years, I think will substantially

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<v Speaker 5>be cutting and maybe cutting out completely. But we'll be

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<v Speaker 5>cutting income tax because of tariffs. And we're taken in

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<v Speaker 5>hundreds of billions of dollars like we've never done before,

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<v Speaker 5>and some of that's going to go back in the

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<v Speaker 5>form of a sort of dividend to our people.

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<v Speaker 4>President Trump suggested revenue coming from tariffs would make up

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<v Speaker 4>for the loss.

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<v Speaker 6>Well.

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<v Speaker 3>At least one hundred and twenty eight people are now

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<v Speaker 3>known to have died in that devastating Hong Kong fire.

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<v Speaker 3>It's still unclear how many residents remain unaccounted for after

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<v Speaker 3>the blaze tour through a cluster of eight residential tasks.

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<v Speaker 3>Although it's still too early to tell what caused the

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<v Speaker 3>deadly fire, but there is now intense scrutiny of the

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<v Speaker 3>Financial Center's enforcement of safety standards and use of construction materials,

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<v Speaker 3>after inspections had flagged risks well before the disaster. Derek

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<v Speaker 3>Armstrong Chen, the Deputy Director of Fire Services for Operations,

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<v Speaker 3>says his crews are now going from apartment to chart

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<v Speaker 3>apartment checking for more bodies.

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<v Speaker 7>Our fire fighting operation is almost complete. Despite that, we

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<v Speaker 7>are still carrying out firefighting operation to four individual units

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<v Speaker 7>and dumping down to various units of the seven blocks

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<v Speaker 7>are still in progress so that so as could prevent

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<v Speaker 7>the debris and embers from flaring out.

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<v Speaker 3>Hong Kong's Deputy Director of Fire Services, Derek Armstrong chan

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<v Speaker 3>Now police have arrested several senior figures from an engineering

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<v Speaker 3>company on suspicion of manslaughter.

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<v Speaker 8>Really soa.

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<v Speaker 4>Russia's President Bloody Putin says he is open to talks

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<v Speaker 4>about a peace plan with Ukraine, though he says no

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<v Speaker 4>final version exists yet.

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<v Speaker 9>We can see that's American sides pleas in mind in

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<v Speaker 9>some way our position which was discussed encourage and after Alaska,

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<v Speaker 9>we have to sit down and discuss certain concrete issues.

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<v Speaker 9>We have to translate it into diplomatic language.

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<v Speaker 4>That was Russian President Vladimir Putin speaking through an interpreter,

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<v Speaker 4>and the Kremlin has confirmed that White House Special ENVOYE.

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<v Speaker 4>Steve Wikoff will visit Moscow next week and meet with Putin.

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<v Speaker 3>Ukrainian Anti Corruption Authority search the apartment of andre Yermak,

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<v Speaker 3>the influential top aide to President Vladimir Zelensky, as the

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<v Speaker 3>country is reeling from a major grafh scandal and coming

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<v Speaker 3>under pressure in the US led peace talks. The National

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<v Speaker 3>Anti Corruption Bureau and the Specialized Anti Corruption Prosecutor's Office

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<v Speaker 3>carried out those searches early this morning. Your mac can

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<v Speaker 3>firm that investigators were conducting procedural actions at his home

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<v Speaker 3>and said he was cooperating fully.

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<v Speaker 4>All right, let's turn back to these markets now, Lisa.

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<v Speaker 4>Trading of futures and options on the Chicago Mercantile Exchange

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<v Speaker 4>is halted. It is a technical issue at the CME's

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<v Speaker 4>data centers. A spokesperson for CME groups as a cooling

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<v Speaker 4>issue at cyrus I Data Centers caused the halt. It's

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<v Speaker 4>affected contracts, including those for US crude oil, gasoline, and

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<v Speaker 4>palm oil. Nicholas Leua covers oil for Bloomberg News.

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<v Speaker 10>It's a dark black Friday for the US, and traders

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<v Speaker 10>who are hoping for a quiet session indeed got more

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<v Speaker 10>than what they bargained for. It's very clear that this

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<v Speaker 10>is an unprecedented outage.

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<v Speaker 4>Bloomberg's Nicholas Lewa adds a contracts for treasuries and Wall

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<v Speaker 4>Street futures are affected as well, along with other platforms.

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<v Speaker 4>CME says it is working to resolve the issue in

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<v Speaker 4>the near term and will advise clients of pre open

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<v Speaker 4>details as soon as they're available.

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<v Speaker 3>Well Gold is on track for a fourth monthly gained

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<v Speaker 3>on heightened expectations for another interest rate cut in the US,

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<v Speaker 3>Silver advanced to within a dollar off record. Gold is

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<v Speaker 3>up nearly five percent for the week. A series of

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<v Speaker 3>comments by Federal Reserve officials and the release of delayed

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<v Speaker 3>economic data have supported the case for lower barring costs,

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<v Speaker 3>which typically benefit gold as it doesn't pay interest swap

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<v Speaker 3>traders are pricing in a more than eighty percent chance

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<v Speaker 3>of a quarter point cut in December.

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<v Speaker 4>And north of the border Lisa Canadian Prime Minister Mark

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<v Speaker 4>Carney has unveiled a sweeping energy plan with the province

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<v Speaker 4>of Alberta. Includes a new oil pipeline, a massive carbon

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<v Speaker 4>capture project, and the construction of nuclear power for data centers.

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<v Speaker 4>The plan aims to reduce Canada's economic dependence on the

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<v Speaker 4>US and unlock Alberta's energy resources while creating new, high

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<v Speaker 4>paying careers for Canadians.

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<v Speaker 11>It really sets the stage for an industrial transformation. At

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<v Speaker 11>the core of the agreement, of course, is a priority

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<v Speaker 11>to have a pipeline to Asia. That's going to make

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<v Speaker 11>Canada stronger. Here for independent, more resilient, more sustainable.

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<v Speaker 4>Canada's Prime Minister markcarniads the country's tight interdependence with the US,

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<v Speaker 4>which was once his strength, is now a weakness. Canada

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<v Speaker 4>shipped more than ninety five percent of its energy exports

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<v Speaker 4>to the US last year, but that was before President

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<v Speaker 4>Trump began slapping tariffs on Canadian goods.

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<v Speaker 3>Time now for a look at some of the other

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<v Speaker 3>stories making news in New York and around the world.

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<v Speaker 3>For that, we're joined by Bloomberg's Michael Ballar. Good Morning, Michael,

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<v Speaker 3>Good Morning.

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<v Speaker 8>Le said Black Friday and Cyber Monday sales may be

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<v Speaker 8>more important than ever as the holiday shopping season officially

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<v Speaker 8>kicks off. Shoppers may not spend as much.

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<v Speaker 12>We have to take a cut in when it comes

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<v Speaker 12>to the luxury things, but the necessities.

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<v Speaker 2>Definitely come first.

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<v Speaker 8>Inflation, the government shut down, and questions about jobs numbers

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<v Speaker 8>all contributing to the lowest consumer confidence numbers since April. However,

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<v Speaker 8>in Glendale, California, Alex Cover with the Glendale Galleria says

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<v Speaker 8>they open at nine am local time, but he expects

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<v Speaker 8>to see people earlier.

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<v Speaker 12>We're going to have you know, customers who're ready to

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<v Speaker 12>be here at eight am, nine am. The second the

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<v Speaker 12>door is open and track is going to continue to flow,

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<v Speaker 12>and it's all going to go great.

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<v Speaker 8>The recent survey found shoppers will spend about four percent

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<v Speaker 8>less this Black Friday and Cyber Monday than last year,

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<v Speaker 8>about six hundred and twenty two dollars. Pope Leo was

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<v Speaker 8>encouraging Turkey to be a source of stability and dialogue

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<v Speaker 8>in a world driven by conflict. The American Pope emphasized

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<v Speaker 8>a message of peace as he arrived yesterday in Anchora

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<v Speaker 8>on his first foreign trip as pontiff.

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<v Speaker 13>In a society like the one here in Turkey, where

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<v Speaker 13>religion plays a visible role, it is essential to honor

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<v Speaker 13>the dignity and freedom of all God's children, both men

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<v Speaker 13>and women, fellow nationals and foreigners, poor and rich.

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<v Speaker 8>After meeting with Turkish President Race of Time at Bertawan,

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<v Speaker 8>Leo praised Turkey's his story roll as a bridge between

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<v Speaker 8>east and West. A powerful six point zero magnitude earthquake

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<v Speaker 8>hits south central Alaska Thanksgiving morning. It woke people up

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<v Speaker 8>about thirty miles from Anchorage. Shannon McCarthy of the Alaska

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<v Speaker 8>Department of Transit says, damage assessment continues.

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<v Speaker 3>The highways are an area that we do need to

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<v Speaker 3>take a look at see if we have any cracks,

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<v Speaker 3>if we have any failures.

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<v Speaker 8>Shannon McCarthy of the Alaska Department of Transit says, in

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<v Speaker 8>terms of the state's infrastructure, it's built to take a

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<v Speaker 8>six point zero quake. So far, no known major damage

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<v Speaker 8>or injuries. Global News twenty four hours a day and

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<v Speaker 8>whenever you wanted with the Bloomberg News. Now, I'm Michael Barr.

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<v Speaker 8>This is Bloomberg Lisa.

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<v Speaker 2>Thank you, Michael.

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<v Speaker 3>Time now for our Bloomberg Sports update, and for that

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<v Speaker 3>we bring in Dan Schwartzman.

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<v Speaker 14>The Packers beat the Lines thirty one to twenty four

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<v Speaker 14>in Game one of the Thanksgiving triple Header as Jordan

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<v Speaker 14>Love threw for four touchdown passes, green Bay improving to

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<v Speaker 14>eight three and one, well Detroit drops to seven and five.

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<v Speaker 14>The Chiefs in danger of missing the plaff for the

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<v Speaker 14>first time since twenty fourteen and for the first time

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<v Speaker 14>in the Patrick Mahomes era after losing to the Cowboys

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<v Speaker 14>in Dallas thirty one to twenty eight, default to six

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<v Speaker 14>and six. On the season, Cowboys have now won three

0:10:07.880 --> 0:10:09.880
<v Speaker 14>in a row and improved to six' five and. One

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<v Speaker 14>bengals dominate The ravens In baltimore thirty two to, fourteen

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<v Speaker 14>Snapping baltimore's five game winning. Streak At Joe burrow threw

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<v Speaker 14>two touchdowns in his first action Since week two after

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<v Speaker 14>going out with the toe. Injury The Golden State warriors

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<v Speaker 14>will be Without Steph curry for a round a week

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<v Speaker 14>after AN mri confirmed a quad contusion and muscle. Strain

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<v Speaker 14>that's Your Bloomberg sports.

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<v Speaker 2>Update stay with us more From Bloomberg daybreak coming up after.

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<v Speaker 1>This coast to coast On Bloomberg radio nationwide On Serious

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<v Speaker 1>exam and around the world On bloomberg Dot com and

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<v Speaker 1>The Bloomberg Business. Apple this Is Bloomberg.

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<v Speaker 4>Daybreak good, Morning I'm Nathan. Hager President Donald trump is

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<v Speaker 4>calling for a sweeping crackdown on immigration following the attack

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<v Speaker 4>on a pair Of National guard members In, WASHINGTON dc

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<v Speaker 4>that has now turned. Deadly for the very latest were

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<v Speaker 4>joined by Blue Burg's WASHINGTON Dc Breaking news Editor Alexander.

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<v Speaker 4>Pearson alex good. Morning could you update us on this?

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<v Speaker 4>Attack what we know so far about the.

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<v Speaker 15>Suspect good, morning and so we know that the suspect

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<v Speaker 15>is a twenty nine year Old afghan national who entered

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<v Speaker 15>The United states in twenty twenty one AFTER us forces

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<v Speaker 15>withdrew from the. Country we also know that prior to,

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<v Speaker 15>that the suspect had been working WITH us, forces including THE.

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<v Speaker 15>Cia now he's been living In Washington state recently and

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<v Speaker 15>is supposed to have driven actually From Washington state To,

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<v Speaker 15>washington D. C so across the entire country to commit

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<v Speaker 15>this act of violence against Two National guard. Members the

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<v Speaker 15>other update in this incident, is unfortunately that one of

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<v Speaker 15>Those National guard members who was shot died of a.

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<v Speaker 15>Knight President trump announced, that and meanwhile the Other National

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<v Speaker 15>guard member is still in a critical. Condition THE Fbi

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<v Speaker 15>Director Cash betel says it's a a terrorism, investigation although

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<v Speaker 15>they have not yet said what they believe the motive

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<v Speaker 15>to have been in this.

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<v Speaker 4>Case, well what we do, know besides the fact that

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<v Speaker 4>this has become a terrorism, investigation is That President trump

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<v Speaker 4>really seems to be seizing on this to sort of

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<v Speaker 4>further his immigration crackdown agenda even More alex absolutely.

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<v Speaker 15>So President trump already announced that there would be consequences

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<v Speaker 15>For african, nationals in. Particular as a result of this

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<v Speaker 15>yesterday and then very late last, night he then took

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<v Speaker 15>to Truth social to publish a post in which he

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<v Speaker 15>said he would permanently, pause as he put, it migration

0:12:41.280 --> 0:12:44.160
<v Speaker 15>from third world, countries which is also the term he,

0:12:44.280 --> 0:12:50.240
<v Speaker 15>used without actually specifying which countries that. Meant alongside, that

0:12:50.280 --> 0:12:53.640
<v Speaker 15>he also said he would seek the deputation of foreigners

0:12:53.679 --> 0:12:56.240
<v Speaker 15>who was he said it not a net asset to

0:12:56.240 --> 0:13:00.480
<v Speaker 15>The United, states cut federal benefits for n is living

0:13:00.520 --> 0:13:04.560
<v Speaker 15>in THE, us and also strip permanent residency and even

0:13:04.600 --> 0:13:10.160
<v Speaker 15>ACTUALLY us citizenship from naturalized citizens who deemed to not

0:13:10.280 --> 0:13:14.920
<v Speaker 15>align with the administration's. Agenda he did not really give

0:13:14.960 --> 0:13:17.800
<v Speaker 15>anything more in terms of, specifics so we're still waiting

0:13:17.960 --> 0:13:19.800
<v Speaker 15>for him to follow up on, that or for any

0:13:19.840 --> 0:13:22.160
<v Speaker 15>Other White house official to follow up on, that but

0:13:22.400 --> 0:13:25.160
<v Speaker 15>it certainly seems like a major escalation in terms of

0:13:25.200 --> 0:13:28.000
<v Speaker 15>his immigration crackdown, agenda.

0:13:27.520 --> 0:13:29.839
<v Speaker 4>And in some of that escalation we're hearing as, well

0:13:29.880 --> 0:13:34.239
<v Speaker 4>alex is some pretty heavy criticism of the previous administration

0:13:34.320 --> 0:13:39.120
<v Speaker 4>when it comes to how it handled the evacuation of

0:13:39.120 --> 0:13:44.120
<v Speaker 4>parts Of afghanistan following the takeover by The. Taliban do

0:13:44.160 --> 0:13:46.840
<v Speaker 4>we know specifically whether the suspect in this case was

0:13:46.880 --> 0:13:49.280
<v Speaker 4>part of that sort of chaotic withdrawal From.

0:13:49.360 --> 0:13:56.439
<v Speaker 15>Kabble we do know that he came In september twenty twenty,

0:13:56.440 --> 0:14:01.720
<v Speaker 15>one so it was actually after the to the. Fall

0:14:01.840 --> 0:14:04.120
<v Speaker 15>as far As i'm, aware he was not part of

0:14:04.160 --> 0:14:09.280
<v Speaker 15>that particular chaotic withdrawal that we all. Remember and we

0:14:09.320 --> 0:14:12.080
<v Speaker 15>do know that earlier this year he actually received. Asylum

0:14:12.200 --> 0:14:14.800
<v Speaker 15>and because he actually was working with THE cia AND

0:14:14.920 --> 0:14:18.160
<v Speaker 15>us forces In afghanistan prior to the fall of, couple

0:14:18.840 --> 0:14:21.320
<v Speaker 15>he would have been vetted quite heavily in terms of his.

0:14:21.400 --> 0:14:25.520
<v Speaker 15>Background so in this particular, case it's sort of questionable

0:14:25.520 --> 0:14:29.200
<v Speaker 15>to say he wasn't. Vetted But trump was obviously using

0:14:29.200 --> 0:14:31.600
<v Speaker 15>this now to make a broader point, about you, Know

0:14:31.720 --> 0:14:35.760
<v Speaker 15>afghan migration as a whole since the fall of A

0:14:35.760 --> 0:14:37.080
<v Speaker 15>couple in twenty twenty.

0:14:37.080 --> 0:14:38.880
<v Speaker 4>One and of, course certainly this is coming at a

0:14:38.920 --> 0:14:42.840
<v Speaker 4>time where we've seen pretty heavy enforcement of immigration with

0:14:43.200 --> 0:14:46.600
<v Speaker 4>raids and major, cities many of them led By democrats as.

0:14:46.720 --> 0:14:50.160
<v Speaker 4>WELL i, mean how much further could this go given

0:14:50.200 --> 0:14:52.360
<v Speaker 4>what we've heard from The president just in these truth

0:14:52.400 --> 0:14:53.720
<v Speaker 4>social posts in the last few.

0:14:53.760 --> 0:14:57.480
<v Speaker 15>Hours it's a very good, question because it's not entirely

0:14:57.480 --> 0:15:00.600
<v Speaker 15>clear how much he could even implement a of what

0:15:00.680 --> 0:15:04.600
<v Speaker 15>he's just. Announced he does have quite broad authority to

0:15:04.920 --> 0:15:10.200
<v Speaker 15>regulate migration from certain, countries so the policy of just

0:15:10.240 --> 0:15:13.720
<v Speaker 15>stopping migration from certain countries could probably be implemented with his.

0:15:13.800 --> 0:15:15.920
<v Speaker 15>Authority The Supreme court has ruled in his favor in

0:15:15.920 --> 0:15:19.120
<v Speaker 15>the past on similar kind of, policies but in terms

0:15:19.160 --> 0:15:21.880
<v Speaker 15>of actually the policies it would affect foreigners and NATURALIZE

0:15:21.960 --> 0:15:25.760
<v Speaker 15>us citizens in THE. Us right, now he, doesn't you,

0:15:25.800 --> 0:15:28.280
<v Speaker 15>Know It's i'm no, lawyer but it seems highly questionable

0:15:28.280 --> 0:15:31.800
<v Speaker 15>that he would have that kind of authority Without congress

0:15:31.840 --> 0:15:36.120
<v Speaker 15>first amending immigration and naturalization laws to allow him to do.

0:15:36.200 --> 0:15:39.800
<v Speaker 15>That so it's not really clear how quickly or how

0:15:39.840 --> 0:15:41.920
<v Speaker 15>far he can actually go with these latest.

0:15:41.920 --> 0:15:46.920
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