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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today.

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Speaker 2: Karen, we begin with the political crisis in France. President

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Speaker 2: Emanuel macrom is searching for a new prime minister. That's

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Speaker 2: after the far right joined forces with the left on

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Speaker 2: a no confidence motion against Michelle Barnier in a dispute

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Speaker 2: over the budget. Bloomberg's Crity Gupta has more from Paris.

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Speaker 3: This is uncharted territory. This has never happened in modern history.

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Speaker 3: Really that we need to go to not only a

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Speaker 3: caretaker prime minister, but one that can't actually pass a

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Speaker 3: budget through. So they're going to do a French constitutional

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Speaker 3: thing called the Luis Pasial. It basically is an amendment

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Speaker 3: to the constitution brought into two thousand and one that says,

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Speaker 3: just in case the Parliament can't come to some sort

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Speaker 3: of agreement, which clearly they cannot, they will take over

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Speaker 3: from the budget and from twenty twenty four and move

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Speaker 3: it into twenty twenty. But there's some real hard economic

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Speaker 3: effects when it comes to that.

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Speaker 2: Bloomberg's Pretty Gupta says, the French finance minister has warned

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Speaker 2: stopgap legislation will mean higher taxes and blocked spending increases

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Speaker 2: for priorities like security and farming. President Macron plans to

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Speaker 2: address the nation at eight o'clock tonight in Paris, that

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Speaker 2: is two pm Wall Street time.

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Speaker 1: Meanwhile, Nathan, a political crisis continues to unfold in South Korea.

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Speaker 1: President yunsecule is facing an impeachment motion from the opposition

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Speaker 1: Democratic Party in five others after he briefly declared martial

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Speaker 1: law this week, but Democratic leader Lee JM Young says

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Speaker 1: getting rid of President Yun could be difficult.

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Speaker 4: Ultimately, politics is done by the people, and even if

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Speaker 4: the result of the vote may go against the will

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Speaker 4: the people the current situation, the vote result may change

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Speaker 4: next time if individual members of the parliament are pressured

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Speaker 4: heavily by public opinion. That's what I think.

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Speaker 1: Opposition leader Lee Jan Young's to Bloomberg through an interpreter.

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Speaker 1: His party holds a majority, but he needs at least

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Speaker 1: eight votes from President Yuni's party to move the impeachment

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Speaker 1: motion forward.

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Speaker 2: Went back in New York, Hearin the search is still

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Speaker 2: on for the gunman who killed the leader of one

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Speaker 2: of the largest US health insurance companies on a Manhattan sidewalk.

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Speaker 2: Bloomberg's John Tucker joins us with the very latest John and.

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Speaker 5: Nathan, ABC News and The New York Post side police

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Speaker 5: sources as saying bullet cases casing's recovered at the scene

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Speaker 5: have writing on them, including the words denied, defend, and depose.

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Speaker 5: There's nothing random about this attack. Police, A United Health

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Speaker 5: Group executive Brian Thompson was targeted and the shooting was

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Speaker 5: planned ahead of time. Chief of Detectives Joe Kennedy.

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Speaker 6: To shoot his steps onto the sidewalk from behind the car.

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Speaker 6: He ignoorles numerous on the pedestrians, approaches the victim from behind,

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Speaker 6: and shoots him in the back to shoot it. Then

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Speaker 6: walks toward the victim and continues to shoot.

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Speaker 5: Surveillance video shows the shooter using a handgun with what

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Speaker 5: appears to be a silencer. At one point, the gun jams,

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Speaker 5: but without missing a beat, he clear's the barrel and

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Speaker 5: fires again. He then runs through an alley, jumps on

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Speaker 5: an e bike, and flees into Central Park. The best

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Speaker 5: image is actually from the nearby Starbucks, where the government

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Speaker 5: discarded a bottle and two energy bar wrappers. The police

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Speaker 5: also recovered what might be a cell phone.

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Speaker 7: Well.

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Speaker 5: Thompson's widow tells NBC News her husband had received threats.

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Speaker 5: United Health ranks highest when it comes to the percentage

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Speaker 5: of claims denied, nearly twice the industry average. You know, York,

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Speaker 5: I'm John Tucker, Bloomberg Radio.

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Speaker 1: All right, John, thank you.

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Speaker 6: Well.

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Speaker 1: Another major story that we're following this morning. Bitcoin, it's

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Speaker 1: finally done. It it topped the one hundred thousand dollars level.

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Speaker 1: It was fueled in park by President elect Donald Trump

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Speaker 1: picking a crypto proponent to be the next head of

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Speaker 1: the Securities and Exchange Commission. Trump selected Paul Atkins to

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Speaker 1: replace outgoing SEC chair Gary Gensler. Nathan Dean, the senior

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Speaker 1: policy analyst at Bloomberg Intelligence, says Atkins will bring significant change.

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Speaker 8: This is the first time that they've really had somebody

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Speaker 8: in the regulatory repertoire, if you will, that's going to

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Speaker 8: be thinking of the crypto world. And so, you know,

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Speaker 8: Commissioner Ackins, because he used to be a commissioner at

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Speaker 8: the SEC. You know, he has actually come out and

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Speaker 8: he has done a lot of work in the crypto space.

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Speaker 1: And Bloomberg Intelligence is Nathan Dean says the crypto market

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Speaker 1: is jumped by roughly one point three trillion dollars in

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Speaker 1: Strump's election victory. Right now, bitcoin trading at one hundred

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Speaker 1: two thousand, six hundred dollars well.

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Speaker 2: Karen Trump's pick for Defense Secretary is fighting to hold

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Speaker 2: onto his cabinet nomination. Pete haig Seth met with legislators

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Speaker 2: on Capitol Hill, conducted a radio interview, and released an

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Speaker 2: opinion article denying allegations of sexual assault and excessive drinking.

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Speaker 2: Hag Seth also spoke to reporters on Capitol Hill and

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Speaker 2: indicated he will keep fighting.

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Speaker 9: I spoke to his bresident like Lison morning. He said,

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Speaker 9: keep going, keep fighting.

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Speaker 2: Final way here in this all.

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Speaker 3: Play, Why would I back down?

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Speaker 9: I'm always gonna fight.

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Speaker 2: He Pete hegg Seth's margin for confirmation is narrow. He

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Speaker 2: can lose no more than three Republicans on a Senate

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Speaker 2: confirmation vote, assuming Democrats unite against him.

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Speaker 1: Meanwhile, Nathan von Musk is heading to the Capital later

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Speaker 1: today to stow Congressional enthusiasm for his effort to slash

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Speaker 1: at least two trillion dollars from the federal budget. Musk

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Speaker 1: and his partner in the initiative. Former Republican presidential candidate

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Speaker 1: Vivek Ramaswami planned to meet with groups of lawmakers. Musk,

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Speaker 1: the world's richest person, has relentlessly promoted what he styled

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Speaker 1: is the Department of Government Efficiency or DOGE, a reference

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Speaker 1: to cryptocurrency doge Coin that he periodically promotes.

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Speaker 2: Well Karen the world's second ridgest person. Amazon founder Jeff

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Speaker 2: Bezos says he is optimistic about President elect Trump's second term,

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Speaker 2: and he's expressing some excitement about potential regulatory cutbacks. More

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Speaker 2: on that from Bloomberg's Charlie Pellett.

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Speaker 9: His remarks came during a wide ranging interview at the

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Speaker 9: New York Times Deal Book Summit in New York. He said, quote,

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Speaker 9: I'm actually very optimistic this time around.

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Speaker 4: I'm very hopeful about this.

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Speaker 2: He seems to have a lot of energy around reducing regulation,

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Speaker 2: and my point of view, if I can help help

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Speaker 2: them do that, I'm going to help him.

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Speaker 9: The comments follow in October decision by Bezos two prohibit

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Speaker 9: The Washington Post, which he owns, from endorsing a presidential candidate,

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Speaker 9: a move that led to tens of thousands of people

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Speaker 9: canceling their subscriptions in New York Charlie Bloomberg Radio.

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Speaker 1: All right, Charlie, thank you well. Bezos is not the

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Speaker 1: only executive who's positive on the next Strun presidency. A

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Speaker 1: new poem by the Association of International Certified Professional Accountants

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Speaker 1: finds two thirds of business executives say they're confident about

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Speaker 1: the economic outlook for the year ahead. That's up from

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Speaker 1: twenty six percent in a survey conducted in August and

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Speaker 1: forty three percent a year earlier.

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Speaker 2: Turn the markets now, Karen stocks enter today's session at

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Speaker 2: all time hies once again. A rally in big tech

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Speaker 2: drove the S and P five hundred to its fifty

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Speaker 2: sixth closing record of twenty twenty four. The gains were

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Speaker 2: fueled by positive comments on the economy from FED chair

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Speaker 2: J Powell.

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Speaker 10: The economy is strong, and it's stronger than we thought

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Speaker 10: it was going to be in September. So the labor

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Speaker 10: market is better and the downside risks appear.

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Speaker 9: To be less.

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Speaker 10: In a labor market growth is definitely stronger than we thought.

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Speaker 2: J Pal spoke at the New York Times Deal Book Summit.

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Speaker 2: The Fed makes its final rate decision of twenty twenty

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Speaker 2: four on December eighteenth.

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Speaker 1: I mean while Nathan Saint Louis FED President Alberto Musilum

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Speaker 1: says it may be appropriate to pause interest rate cuts

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Speaker 1: at the next meeting. However, he says incoming data will

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Speaker 1: guide his decision.

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Speaker 7: I'm keeping all my options open. There's more data coming.

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Speaker 6: We have.

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Speaker 7: CPIPPI Unemployment Retail Sales PMI. There's a lot of data

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Speaker 7: coming between now and the summer meeting. So I'm going

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Speaker 7: to wait till I see that data, until i can

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Speaker 7: be assured in which way I'm leaning.

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Speaker 1: St. Louis FED President Alberto Musilum also reiterated that the

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Speaker 1: FED is close to achieving its goals for employment and

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Speaker 1: price stability. Give made the comments at the Bloomberg and

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Speaker 1: Global Interdependence Center symposium in New York. As time Now

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Speaker 1: for a look at some of the other stories making

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Speaker 1: news in New York and around the world. For that,

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Speaker 1: we're joined by Bloomberg's Michael Barr Michael Good.

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Speaker 11: Morning, Good Morning, Care and hundreds gathered at the Supreme

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Speaker 11: Court as the justices heard arguments in a case that

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Speaker 11: could determine access to healthcare for transgender teens. Opponents say

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Speaker 11: a Tennessee law banning gender affirming care such as hormone

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Speaker 11: therapy and puberty blockers for transgender miners discriminates on the

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Speaker 11: basis of sex who can receive certain medical treatments. GLAD

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Speaker 11: President and CEO Sarah Kdellis pushes back on an argument

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Speaker 11: that transgender care for teens is optional and says it

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Speaker 11: shouldn't be a luxury to access.

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Speaker 1: There are things that are different and not necessary. This

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Speaker 1: is life saving medicine. We're talking about not treating people

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Speaker 1: for diabetes, if their youth if what are we talking about.

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Speaker 1: We can't compare that to smoking cigarettes.

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Speaker 11: However, the court's conservative majority seemed inclined to leave the

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Speaker 11: decision up to the states. The man is now in

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Speaker 11: twenty six states. A decision from the Court is expected

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Speaker 11: in June. The Department of Justice says the Memphis Police

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Speaker 11: Department uses excessive force and discriminates against black people. It's

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Speaker 11: part of a DOJ investigation launched after the beating death

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Speaker 11: of Tyree Nichols after a traffic stop in twenty twenty three.

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Speaker 11: A report marked the conclusion of the investigation that began

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Speaker 11: six months after Nichols was kicked, punched, and hit with

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Speaker 11: a police baton. As five officers tried to arrest him

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Speaker 11: after he fled a traffic stop. Florida residents in a

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Speaker 11: mobile home community and Nunedin have been living without power

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Speaker 11: for almost three months, ever since Hurricane Helene hit. This

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Speaker 11: man says he's fed up with the wait.

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Speaker 2: We've been in this park since nineteen ninety eight and

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Speaker 2: we've never seen anything even.

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Speaker 11: Close to this duke energy as they are working with

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Speaker 11: property owners to come up with a solution. Finally, crowds

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Speaker 11: gathered in New York City to see the Rockefeller Center

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Speaker 11: Christmas Tree lit up for the season last night. This

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Speaker 11: woman says the ceremony marks an annual milestone, the.

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Speaker 3: Start of a new season, the start of the holiday season,

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Speaker 3: and to be able to do it with the friend

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Speaker 3: is really special.

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Speaker 11: The tree is a Norway spruce that's seventy four feet

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Speaker 11: tall and forty three feet wide. Global news twenty four

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Speaker 11: hours a day and whenever you want it with Bloomberg News.

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Speaker 1: Now.

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Speaker 11: I'm Michael Barr, and this is Bloomberg Caroen.

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Speaker 1: All right, Michael Barr, thank you time now for the

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Speaker 1: Bloomberg Sports Up Day, brought to you by Tri State. Audie.

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Speaker 1: Here's John stash Hour.

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Speaker 12: John Good morning, Good morning, Karen. Busy night in college basketball,

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Speaker 12: including the completion of the two night long sec ACC Challenge.

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Speaker 12: The SEC known more for football Historically, the ACCED has

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Speaker 12: been the best in hoops, but the two leagues just

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Speaker 12: played sixteen games and the SEC he won fourteen of them. Strangely,

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Speaker 12: the two SEC losses were by fourth rank Kentucky and

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Speaker 12: second ranked auburb Last night lost at Duke eighty four

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Speaker 12: to seventy eight. Also the start of the Big East

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Speaker 12: playing the Big Twelve, Creighton knocked off top rank Kansas

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Speaker 12: seventy six sixty three. Saint John's will play Kansas State

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Speaker 12: from the Big Twelve Saturday afternoon at KNA SECA Arena.

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Speaker 12: It'll be the first game for the Red Storm since

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Speaker 12: the passing of the legendary Hall of Famer Louis Conoseca.

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Speaker 12: Last weekend in Brooklyn, Net's got twenty six points from

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Speaker 12: Cam Johnson beat the Pacers ninety nine to ninety at

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Speaker 12: the Garden. Tonight it's the Knicks and Charlotte should be

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Speaker 12: a good one Tonight in Detroit, Lions and Packers, the

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Speaker 12: Lions having lost in almost three months and Green Bay's

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Speaker 12: only lost the past two months was against Detroit. The

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Speaker 12: Giants played three games with three different starting quarterbacks. The

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Speaker 12: question for Sunday's home game with New Orleans would it

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Speaker 12: be Tommy DeVito or Drew Locke. It'll be Locke, who

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Speaker 12: much prefers playing to city.

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Speaker 13: Sideline watching a game compared to being right behind the center,

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Speaker 13: two completely different deals. It looks fast from the sideline,

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Speaker 13: but then when you get out there and you know

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Speaker 13: the plan, you know what you're doing, you know your

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Speaker 13: guys around you, it does sort, you know, kind of

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Speaker 13: sort of slow down and you become flashbacks to high school.

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Speaker 12: And college and lap played in the Thanksgiving Day loss

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Speaker 12: in Dallas when de Vedo sat out with the sore

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Speaker 12: arm that has not yet fully healed. John stashedwar. Bloomberg

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Speaker 12: Sports Garen Nathan.

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Speaker 11: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 11: and around the world on Bloomberg dot Com and the

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Speaker 11: Bloomberg Business app.

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Speaker 9: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.

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Speaker 2: French President Emmanuel mccron finds himself searching for a new

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Speaker 2: prime minister for the second time this year. Whoever he chooses, though,

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Speaker 2: will face the same budget issues that sank Michel Barnier

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Speaker 2: in a no confidence vote, making him the shortest lasting

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Speaker 2: prime minister since France's Fifth Republic was founded in nineteen

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Speaker 2: fifty eight. Joining us for more from Paris is Bloomberg Daybreak,

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Speaker 2: Europe Banker Stephen Carroll, Stephen, good morning.

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Speaker 9: What happens now morning?

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Speaker 14: Nathan Michel Barnier has left the Elise Palace after spending

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Speaker 14: an hour with Emmanual Macron officially to present his resignational

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Speaker 14: that we don't have the confirmation that that's actually happened yet.

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Speaker 14: He may have been asked to stay on as a

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Speaker 14: caretaker prime minister to keep things going, keep the lights on,

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Speaker 14: essentially until a new prime minister is found. That would

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Speaker 14: be the custom. But we're waiting for the official announcement

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Speaker 14: from the Elise Palace that that is what's going to happen.

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Speaker 14: Emmanuel Macron, for his part, as a series of meetings

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Speaker 14: with the President of the Lower and upper houses of

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Speaker 14: Parliament here later, presumably to discuss who he wants to

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Speaker 14: try and install as prime minister. Then we're going to

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Speaker 14: hear from the French President. He's making an address to

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Speaker 14: the nation at eight pm No details about what he's

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Speaker 14: got to say. Could it be an announcement of a

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Speaker 14: prime minister Emmanual Macron likes to surprise us.

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Speaker 2: Yeah, certainly does I mean who could be waiting in

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Speaker 2: the wings here, Steven?

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Speaker 9: Who wants this job?

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Speaker 14: Look, it's a very difficult job to do, and Michel

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Speaker 14: Barnier came into it as a reputed negotiator from being

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Speaker 14: the EU's chief Brexit negotiator. So anyone filling those shoes

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Speaker 14: is going to need to have a similar skill set.

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Speaker 14: The key thing here is that can a new prime

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Speaker 14: minister bring together a larger coalition in the National Assembly

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Speaker 14: to try and give some power to this administration to

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Speaker 14: allow them to, for example, pass a budget, which they

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Speaker 14: haven't managed to do yet. So a couple of names

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Speaker 14: in the fray are those from the center left Socialist Party.

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Speaker 14: They're the most obvious target, and we've heard a lot

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Speaker 14: of Macron supporters mention them as sort of potential partners

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Speaker 14: in a new coalition. So there's people like bel Narkaznov,

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Speaker 14: who's a former Socialist Prime minister, Segole Royal who ran

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Speaker 14: for the presidency in two thousand and seven. She said

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Speaker 14: she's available if Mamanuel Macron wants to call her. That

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Speaker 14: doesn't seem very likely, but it's good that she's putting

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Speaker 14: herself forward. I suppose a couple of other names include

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Speaker 14: the current Defense minister stef Sebastianda Calneu. He is somebody

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Speaker 14: that's been talked about too, and then there are other

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Speaker 14: figures from the center. But the real key issue is

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Speaker 14: is that who can be picked that can bring in

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Speaker 14: the support that Emmanuel Macron needs to be able to

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Speaker 14: govern effectively because as we are now, pretty much nothing

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Speaker 14: can get done in the French Parliament.

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Speaker 2: Well, we've seen at least a temporary coalition formed with

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Speaker 2: the far right National Rally joining with the left wing

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Speaker 2: coalition on this no confidence motion. What does that say

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Speaker 2: about where Marien Lapenez stands the leader of the National Rally.

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Speaker 14: I mean, look, her political star is rising, certainly, but

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Speaker 14: she doesn't have much more influence to be able to

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Speaker 14: exert for now. She said she hasn't called directly on

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Speaker 14: Emmanuel Macron to resign. She says that that's his decision,

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Speaker 14: but that's the opening that she's hoping for. Of course,

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Speaker 14: she came second to the last two presidential elections. She

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Speaker 14: would be leading in the polls, although you can't necessarily

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Speaker 14: map that onto the way the two round presidential system

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Speaker 14: works here. And she's also keeping in mind the fact

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Speaker 14: that she has a trial verdict due in March of

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Speaker 14: next year, which could, if she were found guilty in

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Speaker 14: this trial of embezzlement of EU funds, lead to her

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Speaker 14: being barred from running from public office for five years.

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Speaker 14: That's what the Keuters want, That's something that could potentially

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Speaker 14: be in the back of Marie Le Penn's mind, So

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Speaker 14: an early presidential election would suit her. But of course

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Speaker 14: Emmanuel Macron very much aware of those facts as well.

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Speaker 14: He doesn't have to go anywhere his position is safe

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Speaker 14: if he wants to stay there until twenty twenty seven.

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