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Speaker 1: News when you wanted with Bloomberg News Now, I'm Dan Schwartzman.

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Speaker 1: In a post on truth Social, President Trump says the

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Speaker 1: US launch day quote powerful and deadly strike against ISIS

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Speaker 1: terrorists in Northwest Nigeria. Trump went on to say that

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Speaker 1: the Defense Department quote executed numerous perfect strikes. The President

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Speaker 1: wrote that he had previously warned terrorists that if they

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Speaker 1: didn't stop the quote slaughtering of Christians, there would be

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Speaker 1: hell to pay, and tonight there was. In a separate

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Speaker 1: post on x, US Africa Command wrote that it conducted

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Speaker 1: the strike at the request of the Nigerian authorities, killing

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Speaker 1: quote multiple ISIS terrorists. China's criticizing the US for what

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Speaker 1: it says was trying to hurt Bejing's ties with India,

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Speaker 1: calling its approach quote irresponsible. China's foreign minister told reporters

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Speaker 1: a recent report by the Pentagon quote distorts China's defense policy,

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Speaker 1: shows discord between China and other countries, and aims to

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Speaker 1: find a pretext for the US to perpetuate its own

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Speaker 1: military hegemony. The comments came following a report that said

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Speaker 1: China may use an easing of tensions with India to

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Speaker 1: block improve ties between Washington and New Delhi, China, says

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Speaker 1: it was that developed stable relations with India. The death

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Speaker 1: toll is rising. The La Times is reporting a third

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Speaker 1: person that's died from the powerful winter storm hammering southern California.

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Speaker 1: California Governor Gavin Newsom proclaimed a state of emergency in

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Speaker 1: Los Angeles and neighboring counties. Bloomberg meteorologist Rob Carolyn has more.

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Speaker 2: We've been dealing with an atmospheric river event. That's where

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Speaker 2: lots of moisture comes out of the tropical Pacific and

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Speaker 2: into the Western United States. It's been an issue for

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Speaker 2: much of the winter. First, earlier in the winter, it

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Speaker 2: was in the Pacific Northwest. Now the attention is shift

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Speaker 2: across California. Six counties in southern California are under a

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Speaker 2: state of emergency, including the city of Los Angeles and

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Speaker 2: San Diego because of all of the heavy rain that

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Speaker 2: fell yesterday. The problem overnight has been in the San

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Speaker 2: Francisco area. They've had very strong thunderstorms move through that

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Speaker 2: has caused more damage. There'll be additional rainfall over the

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Speaker 2: Western United States due to this atmospheric river pumping lots

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Speaker 2: of Pacific moisture into California looks like the mountains in

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Speaker 2: the Central Sierra and also the Central Valley. We'll be

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Speaker 2: seeing some rain, strong thunderstorms and high elevation snows today.

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Speaker 2: I'm Rob Carolyn Bloomberg Radio.

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Speaker 1: The storm has for some evacuations, road closures, flooded freeways,

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Speaker 1: and flight delays, with a floodwatch extended for most of

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Speaker 1: southern California. Nvidia has agreed to a licensing deal with

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Speaker 1: artificial intelligence startup GROC, furthering its investments in companies connected

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Speaker 1: to the AI boom and gaining the right to add

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Speaker 1: a new type of technology to its products. The chip

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Speaker 1: maker has paid for the right to use GROX technology

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Speaker 1: and will integrate its hip design into future products. Grock's CEO,

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Speaker 1: who is joining in Nvidia, is a former Google chip

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Speaker 1: executive who helps start that company's tensor processing unit, or TPU,

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Speaker 1: which powers AI workloads. GROK will continue as an independent

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Speaker 1: company with a new chief executive. Historically, it's the most

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Speaker 1: wonderful time of the year for stocks. The first trading

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Speaker 1: session after Christmas has seen the best average gains of

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Speaker 1: any day of the year. That's according to Misspoke Investment Group,

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Speaker 1: which also says the s and P five hundred has

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Speaker 1: declined only six times in the thirty nine years since

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Speaker 1: nineteen fifty three, when the market was opened. December twenty

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Speaker 1: sixth Meanwhile, both the DOO and the SMP index are

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Speaker 1: now records. More from Bloomberg's Charlie Pellett.

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Speaker 3: It's all about the Santa Claus rally, which typically encompasses

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Speaker 3: the last five trading days of the year and the

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Speaker 3: first two of the new one. So far this year,

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Speaker 3: the S and P five hundred index has advanced seventeen

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Speaker 3: point nine percent, the Dow by comparison, up fourteen point

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Speaker 3: five percent, while nez Dak has surged twenty two point

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Speaker 3: three percent. Earlier this year, you recall the equity market

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Speaker 3: was on the brink of a bear market. Since then,

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Speaker 3: stocks have surged, with every dip being bought at a

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Speaker 3: record pace, and the fear of missing out dominating sentiment

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Speaker 3: in New York. Charlie Pellett Bloomberg.

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Speaker 1: Radio US markets were closed for the Christmas holiday, as

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Speaker 1: were most European markets, such as the Footsee in London,

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Speaker 1: the KAC in Paris, and the Dacks in Germany. In Asia,

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Speaker 1: though the Niekek in Japan closed up a tenth of

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Speaker 1: a percent. The Hanksaning in Hong Kong was closed for

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Speaker 1: the holiday, while China CSI three hundred game two tenths

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Speaker 1: of one percent. China's yuon climbed past the psychological milestone

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Speaker 1: of seven per dollars for the first time since September

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Speaker 1: twenty twenty four. Today on BET's China's Central Bank will

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Speaker 1: allow gradual currency appreciation to boost market confidence. The offshore

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Speaker 1: yuon gained as much as two tenths a one percent.

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Speaker 1: The oil market has been holding steady, but not for

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Speaker 1: the most favorable reason. Worries about oversupply, which ought to

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Speaker 1: send crude lower, have been offset by escalating geopolitical tensions,

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Speaker 1: in particular potential supply disruptions from both Russia and Venezuela.

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Speaker 1: Oil futures are still on track for the biggest annual

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Speaker 1: decline since twenty twenty, with virtually all of the world's

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Speaker 1: major oil traders for seeing a glot next year. Copper

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Speaker 1: extended a powerful December rally that carried prices for the

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Speaker 1: industrial metal to unprecedented highs above twelve thousand dollars a ton.

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Speaker 1: On Fears over a tighter global market in twenty twenty six.

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Speaker 1: A series of major mind adages this year have combined

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Speaker 1: with the thread of US import tariffs, leading traders to

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Speaker 1: pour metal into the country to front run tential levies.

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Speaker 1: As a result, copper has gained almost forty percent this

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Speaker 1: year and is on track for its biggest annual jump

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Speaker 1: since two thousand and nine. And a single ticket drawn

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Speaker 1: last night won the second largest US lottery jackpot ever.

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Speaker 1: On Christmas Eve, one paraball ticket in Arkansas delivered a

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Speaker 1: gift worth one point eight one seven billion dollars. The

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Speaker 1: single ticket sold in Arkansas matched all six numbers, winning

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Speaker 1: the second largest US lottery jackpot ever. The jackpot run

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Speaker 1: had stretched to our record forty seven drawings. That's news

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

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Speaker 1: and this is Bloomberg