Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Lisa Matteo. Here are the
Speaker 3: top stories we're following today.
Speaker 4: Lisa, we begin though, with the latest on the attack
Speaker 4: on the two National Guard members in Washington, d C.
Speaker 4: One of the West Virginia Guard members who was shot
Speaker 4: near the White House has died. President Trump announced it
Speaker 4: during his Thanksgiving phone call to service members.
Speaker 5: Sarah Beckstrom of West Virginia, one of the guards men
Speaker 5: that we're talking about, highly respected, young, magnificent person, started
Speaker 5: service in June of twenty twenty three, outstanding in every way.
Speaker 5: She's just passed away.
Speaker 4: And President Trump says the other wounded Guard member, Air
Speaker 4: Force staff Sergeant Andrew Wolf, is still in critical condition,
Speaker 4: fighting for his life. The suspect in their shooting has
Speaker 4: been identified as twenty nine year old rock Manula Lockenwall.
Speaker 4: He's an Afgha national who had worked with US forces
Speaker 4: and the CIA before arriving in the US in twenty
Speaker 4: twenty one. West Virginia Governor Patrick Morrissey says his state
Speaker 4: has the Guards back.
Speaker 6: This is unspeakable violence in Afghani came in and did
Speaker 6: outrageous things. We need to have a comprehensive investigation, and
Speaker 6: ultimately that investigation needs to lead to justice.
Speaker 4: West Virginia Governor Patrick Morrissey spoke in a Thanksgiving address
Speaker 4: to his state. Attorney General Pam Body has said she
Speaker 4: would seek the death penalty if either of the victims.
Speaker 3: Died, and now, following this shooting Nathan, President Trump is
Speaker 3: calling for reverse migration in the US as he outlined
Speaker 3: a series of potential measures to crack down on immigration.
Speaker 3: They include halting admissions from unspecified developing nations, also revoking
Speaker 3: citizenship from some naturalized migrants. In a pair of truth
Speaker 3: social posts late last night, the president said he would
Speaker 3: permanently pause migration from all third world countries and denaturalized
Speaker 3: migrants who under domestic tranquility. He added that he would
Speaker 3: terminate millions of admissions under his predecessor, Joe Biden, and
Speaker 3: remove anyone who is not a net asset to the
Speaker 3: United States or is incapable of loving our country. President
Speaker 3: Trump also said he would end all federal benefits for
Speaker 3: non citizens.
Speaker 4: And during that phone call with service members Lisa, President
Speaker 4: Trump said his administration may cut income taxes sharply for Americans.
Speaker 5: Over the next couple of years, I think will substantially
Speaker 5: be cutting and maybe cutting out completely. But we'll be
Speaker 5: cutting income tax because of tariffs. And we're taken in
Speaker 5: hundreds of billions of dollars like we've never done before,
Speaker 5: and some of that's going to go back in the
Speaker 5: form of a sort of dividend to our people.
Speaker 4: President Trump suggested revenue coming from tariffs would make up
Speaker 4: for the loss.
Speaker 6: Well.
Speaker 3: At least one hundred and twenty eight people are now
Speaker 3: known to have died in that devastating Hong Kong fire.
Speaker 3: It's still unclear how many residents remain unaccounted for after
Speaker 3: the blaze tour through a cluster of eight residential tasks.
Speaker 3: Although it's still too early to tell what caused the
Speaker 3: deadly fire, but there is now intense scrutiny of the
Speaker 3: Financial Center's enforcement of safety standards and use of construction materials,
Speaker 3: after inspections had flagged risks well before the disaster. Derek
Speaker 3: Armstrong Chen, the Deputy Director of Fire Services for Operations,
Speaker 3: says his crews are now going from apartment to chart
Speaker 3: apartment checking for more bodies.
Speaker 7: Our fire fighting operation is almost complete. Despite that, we
Speaker 7: are still carrying out firefighting operation to four individual units
Speaker 7: and dumping down to various units of the seven blocks
Speaker 7: are still in progress so that so as could prevent
Speaker 7: the debris and embers from flaring out.
Speaker 3: Hong Kong's Deputy Director of Fire Services, Derek Armstrong chan
Speaker 3: Now police have arrested several senior figures from an engineering
Speaker 3: company on suspicion of manslaughter.
Speaker 8: Really soa.
Speaker 4: Russia's President Bloody Putin says he is open to talks
Speaker 4: about a peace plan with Ukraine, though he says no
Speaker 4: final version exists yet.
Speaker 9: We can see that's American sides pleas in mind in
Speaker 9: some way our position which was discussed encourage and after Alaska,
Speaker 9: we have to sit down and discuss certain concrete issues.
Speaker 9: We have to translate it into diplomatic language.
Speaker 4: That was Russian President Vladimir Putin speaking through an interpreter,
Speaker 4: and the Kremlin has confirmed that White House Special ENVOYE.
Speaker 4: Steve Wikoff will visit Moscow next week and meet with Putin.
Speaker 3: Ukrainian Anti Corruption Authority search the apartment of andre Yermak,
Speaker 3: the influential top aide to President Vladimir Zelensky, as the
Speaker 3: country is reeling from a major grafh scandal and coming
Speaker 3: under pressure in the US led peace talks. The National
Speaker 3: Anti Corruption Bureau and the Specialized Anti Corruption Prosecutor's Office
Speaker 3: carried out those searches early this morning. Your mac can
Speaker 3: firm that investigators were conducting procedural actions at his home
Speaker 3: and said he was cooperating fully.
Speaker 4: All right, let's turn back to these markets now, Lisa.
Speaker 4: Trading of futures and options on the Chicago Mercantile Exchange
Speaker 4: is halted. It is a technical issue at the CME's
Speaker 4: data centers. A spokesperson for CME groups as a cooling
Speaker 4: issue at cyrus I Data Centers caused the halt. It's
Speaker 4: affected contracts, including those for US crude oil, gasoline, and
Speaker 4: palm oil. Nicholas Leua covers oil for Bloomberg News.
Speaker 10: It's a dark black Friday for the US, and traders
Speaker 10: who are hoping for a quiet session indeed got more
Speaker 10: than what they bargained for. It's very clear that this
Speaker 10: is an unprecedented outage.
Speaker 4: Bloomberg's Nicholas Lewa adds a contracts for treasuries and Wall
Speaker 4: Street futures are affected as well, along with other platforms.
Speaker 4: CME says it is working to resolve the issue in
Speaker 4: the near term and will advise clients of pre open
Speaker 4: details as soon as they're available.
Speaker 3: Well Gold is on track for a fourth monthly gained
Speaker 3: on heightened expectations for another interest rate cut in the US,
Speaker 3: Silver advanced to within a dollar off record. Gold is
Speaker 3: up nearly five percent for the week. A series of
Speaker 3: comments by Federal Reserve officials and the release of delayed
Speaker 3: economic data have supported the case for lower barring costs,
Speaker 3: which typically benefit gold as it doesn't pay interest swap
Speaker 3: traders are pricing in a more than eighty percent chance
Speaker 3: of a quarter point cut in December.
Speaker 4: And north of the border Lisa Canadian Prime Minister Mark
Speaker 4: Carney has unveiled a sweeping energy plan with the province
Speaker 4: of Alberta. Includes a new oil pipeline, a massive carbon
Speaker 4: capture project, and the construction of nuclear power for data centers.
Speaker 4: The plan aims to reduce Canada's economic dependence on the
Speaker 4: US and unlock Alberta's energy resources while creating new, high
Speaker 4: paying careers for Canadians.
Speaker 11: It really sets the stage for an industrial transformation. At
Speaker 11: the core of the agreement, of course, is a priority
Speaker 11: to have a pipeline to Asia. That's going to make
Speaker 11: Canada stronger. Here for independent, more resilient, more sustainable.
Speaker 4: Canada's Prime Minister markcarniads the country's tight interdependence with the US,
Speaker 4: which was once his strength, is now a weakness. Canada
Speaker 4: shipped more than ninety five percent of its energy exports
Speaker 4: to the US last year, but that was before President
Speaker 4: Trump began slapping tariffs on Canadian goods.
Speaker 3: Time now for a look at some of the other
Speaker 3: stories making news in New York and around the world.
Speaker 3: For that, we're joined by Bloomberg's Michael Ballar. Good Morning, Michael,
Speaker 3: Good Morning.
Speaker 8: Le said Black Friday and Cyber Monday sales may be
Speaker 8: more important than ever as the holiday shopping season officially
Speaker 8: kicks off. Shoppers may not spend as much.
Speaker 12: We have to take a cut in when it comes
Speaker 12: to the luxury things, but the necessities.
Speaker 2: Definitely come first.
Speaker 8: Inflation, the government shut down, and questions about jobs numbers
Speaker 8: all contributing to the lowest consumer confidence numbers since April. However,
Speaker 8: in Glendale, California, Alex Cover with the Glendale Galleria says
Speaker 8: they open at nine am local time, but he expects
Speaker 8: to see people earlier.
Speaker 12: We're going to have you know, customers who're ready to
Speaker 12: be here at eight am, nine am. The second the
Speaker 12: door is open and track is going to continue to flow,
Speaker 12: and it's all going to go great.
Speaker 8: The recent survey found shoppers will spend about four percent
Speaker 8: less this Black Friday and Cyber Monday than last year,
Speaker 8: about six hundred and twenty two dollars. Pope Leo was
Speaker 8: encouraging Turkey to be a source of stability and dialogue
Speaker 8: in a world driven by conflict. The American Pope emphasized
Speaker 8: a message of peace as he arrived yesterday in Anchora
Speaker 8: on his first foreign trip as pontiff.
Speaker 13: In a society like the one here in Turkey, where
Speaker 13: religion plays a visible role, it is essential to honor
Speaker 13: the dignity and freedom of all God's children, both men
Speaker 13: and women, fellow nationals and foreigners, poor and rich.
Speaker 8: After meeting with Turkish President Race of Time at Bertawan,
Speaker 8: Leo praised Turkey's his story roll as a bridge between
Speaker 8: east and West. A powerful six point zero magnitude earthquake
Speaker 8: hits south central Alaska Thanksgiving morning. It woke people up
Speaker 8: about thirty miles from Anchorage. Shannon McCarthy of the Alaska
Speaker 8: Department of Transit says, damage assessment continues.
Speaker 3: The highways are an area that we do need to
Speaker 3: take a look at see if we have any cracks,
Speaker 3: if we have any failures.
Speaker 8: Shannon McCarthy of the Alaska Department of Transit says, in
Speaker 8: terms of the state's infrastructure, it's built to take a
Speaker 8: six point zero quake. So far, no known major damage
Speaker 8: or injuries. Global News twenty four hours a day and
Speaker 8: whenever you wanted with the Bloomberg News. Now, I'm Michael Barr.
Speaker 8: This is Bloomberg Lisa.
Speaker 2: Thank you, Michael.
Speaker 3: Time now for our Bloomberg Sports update, and for that
Speaker 3: we bring in Dan Schwartzman.
Speaker 14: The Packers beat the Lines thirty one to twenty four
Speaker 14: in Game one of the Thanksgiving triple Header as Jordan
Speaker 14: Love threw for four touchdown passes, green Bay improving to
Speaker 14: eight three and one, well Detroit drops to seven and five.
Speaker 14: The Chiefs in danger of missing the plaff for the
Speaker 14: first time since twenty fourteen and for the first time
Speaker 14: in the Patrick Mahomes era after losing to the Cowboys
Speaker 14: in Dallas thirty one to twenty eight, default to six
Speaker 14: and six. On the season, Cowboys have now won three
Speaker 14: in a row and improved to six' five and. One
Speaker 14: bengals dominate The ravens In baltimore thirty two to, fourteen
Speaker 14: Snapping baltimore's five game winning. Streak At Joe burrow threw
Speaker 14: two touchdowns in his first action Since week two after
Speaker 14: going out with the toe. Injury The Golden State warriors
Speaker 14: will be Without Steph curry for a round a week
Speaker 14: after AN mri confirmed a quad contusion and muscle. Strain
Speaker 14: that's Your Bloomberg sports.
Speaker 2: Update stay with us more From Bloomberg daybreak coming up after.
Speaker 1: This coast to coast On Bloomberg radio nationwide On Serious
Speaker 1: exam and around the world On bloomberg Dot com and
Speaker 1: The Bloomberg Business. Apple this Is Bloomberg.
Speaker 4: Daybreak good, Morning I'm Nathan. Hager President Donald trump is
Speaker 4: calling for a sweeping crackdown on immigration following the attack
Speaker 4: on a pair Of National guard members In, WASHINGTON dc
Speaker 4: that has now turned. Deadly for the very latest were
Speaker 4: joined by Blue Burg's WASHINGTON Dc Breaking news Editor Alexander.
Speaker 4: Pearson alex good. Morning could you update us on this?
Speaker 4: Attack what we know so far about the.
Speaker 15: Suspect good, morning and so we know that the suspect
Speaker 15: is a twenty nine year Old afghan national who entered
Speaker 15: The United states in twenty twenty one AFTER us forces
Speaker 15: withdrew from the. Country we also know that prior to,
Speaker 15: that the suspect had been working WITH us, forces including THE.
Speaker 15: Cia now he's been living In Washington state recently and
Speaker 15: is supposed to have driven actually From Washington state To,
Speaker 15: washington D. C so across the entire country to commit
Speaker 15: this act of violence against Two National guard. Members the
Speaker 15: other update in this incident, is unfortunately that one of
Speaker 15: Those National guard members who was shot died of a.
Speaker 15: Knight President trump announced, that and meanwhile the Other National
Speaker 15: guard member is still in a critical. Condition THE Fbi
Speaker 15: Director Cash betel says it's a a terrorism, investigation although
Speaker 15: they have not yet said what they believe the motive
Speaker 15: to have been in this.
Speaker 4: Case, well what we do, know besides the fact that
Speaker 4: this has become a terrorism, investigation is That President trump
Speaker 4: really seems to be seizing on this to sort of
Speaker 4: further his immigration crackdown agenda even More alex absolutely.
Speaker 15: So President trump already announced that there would be consequences
Speaker 15: For african, nationals in. Particular as a result of this
Speaker 15: yesterday and then very late last, night he then took
Speaker 15: to Truth social to publish a post in which he
Speaker 15: said he would permanently, pause as he put, it migration
Speaker 15: from third world, countries which is also the term he,
Speaker 15: used without actually specifying which countries that. Meant alongside, that
Speaker 15: he also said he would seek the deputation of foreigners
Speaker 15: who was he said it not a net asset to
Speaker 15: The United, states cut federal benefits for n is living
Speaker 15: in THE, us and also strip permanent residency and even
Speaker 15: ACTUALLY us citizenship from naturalized citizens who deemed to not
Speaker 15: align with the administration's. Agenda he did not really give
Speaker 15: anything more in terms of, specifics so we're still waiting
Speaker 15: for him to follow up on, that or for any
Speaker 15: Other White house official to follow up on, that but
Speaker 15: it certainly seems like a major escalation in terms of
Speaker 15: his immigration crackdown, agenda.
Speaker 4: And in some of that escalation we're hearing as, well
Speaker 4: alex is some pretty heavy criticism of the previous administration
Speaker 4: when it comes to how it handled the evacuation of
Speaker 4: parts Of afghanistan following the takeover by The. Taliban do
Speaker 4: we know specifically whether the suspect in this case was
Speaker 4: part of that sort of chaotic withdrawal From.
Speaker 15: Kabble we do know that he came In september twenty twenty,
Speaker 15: one so it was actually after the to the. Fall
Speaker 15: as far As i'm, aware he was not part of
Speaker 15: that particular chaotic withdrawal that we all. Remember and we
Speaker 15: do know that earlier this year he actually received. Asylum
Speaker 15: and because he actually was working with THE cia AND
Speaker 15: us forces In afghanistan prior to the fall of, couple
Speaker 15: he would have been vetted quite heavily in terms of his.
Speaker 15: Background so in this particular, case it's sort of questionable
Speaker 15: to say he wasn't. Vetted But trump was obviously using
Speaker 15: this now to make a broader point, about you, Know
Speaker 15: afghan migration as a whole since the fall of A
Speaker 15: couple in twenty twenty.
Speaker 4: One and of, course certainly this is coming at a
Speaker 4: time where we've seen pretty heavy enforcement of immigration with
Speaker 4: raids and major, cities many of them led By democrats as.
Speaker 4: WELL i, mean how much further could this go given
Speaker 4: what we've heard from The president just in these truth
Speaker 4: social posts in the last few.
Speaker 15: Hours it's a very good, question because it's not entirely
Speaker 15: clear how much he could even implement a of what
Speaker 15: he's just. Announced he does have quite broad authority to
Speaker 15: regulate migration from certain, countries so the policy of just
Speaker 15: stopping migration from certain countries could probably be implemented with his.
Speaker 15: Authority The Supreme court has ruled in his favor in
Speaker 15: the past on similar kind of, policies but in terms
Speaker 15: of actually the policies it would affect foreigners and NATURALIZE
Speaker 15: us citizens in THE. Us right, now he, doesn't you,
Speaker 15: Know It's i'm no, lawyer but it seems highly questionable
Speaker 15: that he would have that kind of authority Without congress
Speaker 15: first amending immigration and naturalization laws to allow him to do.
Speaker 15: That so it's not really clear how quickly or how
Speaker 15: far he can actually go with these latest.
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