1
00:00:00,560 --> 00:00:02,720
Speaker 1: News when you want it with Bloomberg News Now. I'm

2
00:00:02,759 --> 00:00:06,640
Speaker 1: Doug Prisner. The Supreme Court in Colorado has ruled Donald

3
00:00:06,640 --> 00:00:09,760
Speaker 1: Trump is ineligible to serve as US president. The state's

4
00:00:09,840 --> 00:00:12,800
Speaker 1: highest court overturned a ruling from a district judge who

5
00:00:12,800 --> 00:00:16,480
Speaker 1: found that Trump did incite the insurrection on January sixth,

6
00:00:16,560 --> 00:00:19,799
Speaker 1: twenty twenty one. However, the judge said Trump could not

7
00:00:19,920 --> 00:00:23,000
Speaker 1: be barred from the ballot because it was unclear that

8
00:00:23,079 --> 00:00:26,040
Speaker 1: a provision in the US Constitution was intended to cover

9
00:00:26,120 --> 00:00:28,960
Speaker 1: the presidency. Here is Bloomberg's Greg Store.

10
00:00:29,440 --> 00:00:32,600
Speaker 2: The Coloro Supreme Court gave Trump until January the fourth.

11
00:00:32,640 --> 00:00:35,840
Speaker 2: The file of Supreme Court appeal Its ruling will then

12
00:00:36,000 --> 00:00:40,880
Speaker 2: stay on hold until the Supreme Court resolves the case

13
00:00:40,920 --> 00:00:43,800
Speaker 2: one way or another. Chances are very good the Supreme

14
00:00:43,800 --> 00:00:46,440
Speaker 2: Court will agree to take it up iss who are ruling,

15
00:00:46,479 --> 00:00:50,199
Speaker 2: and that ruling very very likely will have nationwide impact.

16
00:00:50,240 --> 00:00:53,040
Speaker 1: That is Bloomberg's Greg's Store. The US now says it's

17
00:00:53,080 --> 00:00:57,440
Speaker 1: considering possible military strikes against Toothy rebels and Yemen. Sources

18
00:00:57,480 --> 00:01:00,520
Speaker 1: say planning is underway for actions intended to to cripple

19
00:01:00,520 --> 00:01:04,680
Speaker 1: the Huthi's ability to target commercial ships now this may

20
00:01:04,760 --> 00:01:08,200
Speaker 1: be at least a partial recognition that the new alliance

21
00:01:08,200 --> 00:01:11,600
Speaker 1: to announced yesterday may not be enough to totally stop

22
00:01:11,640 --> 00:01:15,000
Speaker 1: those attacks. Here is US Defense Secretary Lloyd Austin.

23
00:01:15,440 --> 00:01:20,880
Speaker 2: These reckless hoo they attacks are a serious international problem

24
00:01:21,080 --> 00:01:24,880
Speaker 2: and they demand a firm international response.

25
00:01:24,920 --> 00:01:29,039
Speaker 1: That is US Defense Secretary Lloyd Austin. Ukraine's battle against

26
00:01:29,080 --> 00:01:32,520
Speaker 1: the Russian invasion has ground to a standstill. The effort

27
00:01:32,520 --> 00:01:35,479
Speaker 1: to deliver sixty one billion dollars in fresh US aid

28
00:01:35,560 --> 00:01:39,600
Speaker 1: has been stymied. Senate Majority Leader Chuck Schumer formally threw

29
00:01:39,640 --> 00:01:43,000
Speaker 1: in the towel earlier today. He said the assistance package

30
00:01:43,000 --> 00:01:45,759
Speaker 1: for Ukraine will have to wait until the new year.

31
00:01:46,000 --> 00:01:51,320
Speaker 3: Bottom line, both Democrats and Republicans understand that there's more

32
00:01:51,320 --> 00:01:57,680
Speaker 3: work to do to pass legislation protecting America's security and

33
00:01:57,720 --> 00:01:59,360
Speaker 3: the security of the Western world.

34
00:01:59,480 --> 00:02:03,560
Speaker 1: That is Majority Leader Chuck Schumer. Now, Republicans in Congress

35
00:02:03,800 --> 00:02:06,320
Speaker 1: have held up the money for Ukraine, and they have

36
00:02:06,400 --> 00:02:10,799
Speaker 1: been demanding immigration policy changes to deter a surge in

37
00:02:10,880 --> 00:02:14,239
Speaker 1: migrants at the US southern border. After the bell in

38
00:02:14,280 --> 00:02:18,200
Speaker 1: the US FedEx reported quarterly profits below estimates. The company

39
00:02:18,200 --> 00:02:21,160
Speaker 1: also lowered it sales forecast for the fiscal year ending

40
00:02:21,240 --> 00:02:24,760
Speaker 1: May thirty first, and FedEx said cost cuts were not

41
00:02:24,960 --> 00:02:28,360
Speaker 1: enough to make up for declines in volumes at both

42
00:02:28,400 --> 00:02:31,840
Speaker 1: the air freight and trucking units. This comes as consumers

43
00:02:31,919 --> 00:02:35,639
Speaker 1: return to stores and contend with higher inflation and higher

44
00:02:35,639 --> 00:02:38,400
Speaker 1: interest rates. Here's Bloomberg's leek CLASSCOW.

45
00:02:38,600 --> 00:02:40,880
Speaker 4: I mean, listen, at the end of the day, parcel

46
00:02:40,919 --> 00:02:44,760
Speaker 4: carriers like FedEx or UPS or DHL, they're still going

47
00:02:44,800 --> 00:02:48,360
Speaker 4: through a process of normalization, and that normalization is another

48
00:02:48,440 --> 00:02:52,839
Speaker 4: demand side. We're not there yet. Destocking in the US

49
00:02:52,880 --> 00:02:56,840
Speaker 4: seems to have run its course, which is in that positive.

50
00:02:56,400 --> 00:02:59,080
Speaker 1: That is Bloomberg's leak class coow Now shares and FedEx

51
00:02:59,120 --> 00:03:02,280
Speaker 1: were down nearly ten percent in the late US session.

52
00:03:02,840 --> 00:03:05,639
Speaker 1: Apple is racing to tweak the software for those Apple

53
00:03:05,720 --> 00:03:08,359
Speaker 1: watches days ahead of a ban here in the US.

54
00:03:08,800 --> 00:03:12,040
Speaker 1: Engineers at Apple are trying to make changes to algorithms

55
00:03:12,080 --> 00:03:15,600
Speaker 1: allowing the devices to measure a user's blood oxygen level.

56
00:03:16,040 --> 00:03:19,680
Speaker 1: The sensors use technology from the tech firm Massimo, and

57
00:03:19,840 --> 00:03:24,120
Speaker 1: Massimo says that Apple is infringing on its patents. Earlier,

58
00:03:24,160 --> 00:03:27,720
Speaker 1: we spoke with Massimo CEO Joe Keani. He told us

59
00:03:27,840 --> 00:03:29,800
Speaker 1: he's willing to settle with Apple.

60
00:03:30,040 --> 00:03:33,960
Speaker 5: For better men of people and our mister shareholders. I

61
00:03:34,040 --> 00:03:36,000
Speaker 5: put out the Olive branch on one of these news

62
00:03:36,080 --> 00:03:38,920
Speaker 5: programs that I would work with them to improve their

63
00:03:38,920 --> 00:03:42,640
Speaker 5: product or they can even put these chips behind their product,

64
00:03:43,880 --> 00:03:46,400
Speaker 5: but they haven't called it takes two to tango.

65
00:03:46,560 --> 00:03:49,880
Speaker 1: That is Joe Keani, the CEO of Massimo. Meantime, the

66
00:03:49,920 --> 00:03:52,320
Speaker 1: White House said it's tracking the ban imposed by the

67
00:03:52,400 --> 00:03:56,360
Speaker 1: US International Trade Commission on nearly all Apple Watch sales

68
00:03:56,720 --> 00:03:59,839
Speaker 1: that will take effect on December twenty fifth. However, there's

69
00:03:59,880 --> 00:04:03,320
Speaker 1: a legal loophole and it will allow other retailers like

70
00:04:03,400 --> 00:04:06,800
Speaker 1: Walmart and Best Buy to continue to sell those devices

71
00:04:06,840 --> 00:04:11,080
Speaker 1: after December twenty fifth. However, Apple has told staff not

72
00:04:11,240 --> 00:04:14,160
Speaker 1: to let consumers know that that is news when you

73
00:04:14,160 --> 00:04:16,800
Speaker 1: want it with Bloomberg News. Now, I'm Doug Chrisner, and

74
00:04:16,880 --> 00:04:17,719
Speaker 1: this is Bloomberg