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Speaker 1: News when you want it with Bloomberg News Now. I'm

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Speaker 1: Larry Kofsky. Ukrainian President Vladimir Zelenski making a surprise visit

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Speaker 1: to troops in the eastern Dunesku region following a record

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Speaker 1: barrage of Russian missiles and drones which killed at least

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Speaker 1: twenty six people. The largest such attack came days after

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Speaker 1: Moscow blamed Kiev for a strike on a military ship

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Speaker 1: in Crimea. In a post on x formerly Twitter, Estonia's

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Speaker 1: prime minister called the bombardment a war crime on a

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Speaker 1: massive scale. President Biden called on Congress, where new military

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Speaker 1: aid to Ukraine remained stalled, to step up and act

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Speaker 1: without any further delay. Pressure is mounting on the US

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Speaker 1: Supreme Court to decide whether states can bar former President

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Speaker 1: Trump from the ballot based on his actions related to

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Speaker 1: the riot at the US Capitol on January sixth, twenty

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Speaker 1: twenty one. Maine this week joined Colorado in declaring him ineligible.

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Speaker 1: Main terri of State Democrat Gina Bellows told CNN.

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Speaker 2: I am so mindful, and I said this in my

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Speaker 2: decision that it is unprecedented. No Secretary of State has

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Speaker 2: ever deprived a presidential candidate of ballot access based on

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Speaker 2: Section three of the fourteenth Amendment, but no presidential candidate

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Speaker 2: has ever engaged in insurrection.

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Speaker 1: Other states, including California, have said Trump can remain on

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Speaker 1: the ballot. The conflicting decisions add urgency to calls for

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Speaker 1: clarity with the Iowa caucuses just over two weeks away.

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Speaker 1: Major shipping companies continue to steer clear of the Red Sea,

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Speaker 1: even as the Pentagon tries to reassure them that a

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Speaker 1: multinational naval task force is making it safe to sail.

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Speaker 1: Bloomberg Serve Chapman has more from Washington.

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Speaker 3: Who these and the Iranians remain undeterred from continuing their attacks.

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Speaker 3: Former US intelligence official Norman Rules, set in a Bloomberg interview.

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Speaker 4: Me number and quality and capacity of the naval asset

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Speaker 4: is extraordinary. There are hundreds of offensive missiles, more than

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Speaker 4: enough capacity if we wish to launch a significant and

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Speaker 4: powerful strike against the Duthie's, But the history of the

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Speaker 4: recent weeks has shown we're just going to play defense.

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Speaker 3: Rule said it would take a direct hit on a

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Speaker 3: US naval vessel and its personnel to motivate such an attack.

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Speaker 3: In Washington, Nerve Chapman Bluburg.

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Speaker 1: Radio operators have rerooted about half of their ships around

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Speaker 1: the southern tip of Africa, a much longer and more

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Speaker 1: expensive route. A powerful Pacific storm is expected to batter

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Speaker 1: the West Coast into the holiday weekend, with heavy rain

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Speaker 1: and waves as high as thirty feet. Authorities or warning

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Speaker 1: residents from Oregon to southern California to stay away from

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Speaker 1: the shoreline, with dangerously high surf expected. A batter year

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Speaker 1: on Wall Street ended with a whimper. Stocks closed out

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Speaker 1: the year with a down session, snapping a five session

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Speaker 1: winning streak. The S and P gained nearly twenty five

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Speaker 1: percent for the year. The NASDAK lost half a percent

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Speaker 1: to lead the Friday retreat. Former Treasury Secretary Larry Summers

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Speaker 1: says inflation may not be dead yet despite Wall Street's

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Speaker 1: optimistic expectations.

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Speaker 5: I think there's still a risk that the market is

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Speaker 5: probably underestimating that we're not going to quite make as

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Speaker 5: much progress on inflation as people hope, and there's not

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Speaker 5: going to be quite as much room for.

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Speaker 3: Feed easing as of people hope.

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Speaker 1: Those expectations have been a key driver behind Wall Street's

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Speaker 1: year end rally, Summers tells Bloomberg TV's Wall Street Week

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Speaker 1: with David Weston that it is also premature to declare

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Speaker 1: a soft landing for the economy. The price of suites

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Speaker 1: may be a bitter pill for consumers to swallow. In

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Speaker 1: twenty twenty four, following the biggest annual gain in cocoa

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Speaker 1: prices in fifteen years, sugar also rose its fifth consecutive

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Speaker 1: yearly increase, adding to inflation in the candy isle. It

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Speaker 1: was a comeback year for the world's wealthiest. The total

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Speaker 1: net worth of the world's five hundred richest people surged

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Speaker 1: by one and a half trillion dollars in twenty twenty three,

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Speaker 1: more than reversing last year's one point four billion dollar decline.

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Speaker 1: Elon Musk tops the Bloomberg Billionaires Index, retaking the title

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Speaker 1: from French luxury tycoon Bernard Arnault. And that's news when

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Speaker 1: you want it with Bloomberg News Now, I'm Larry Kofski.

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Speaker 1: This is Bloomberg