Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow.
Speaker 1: Here are the stories we're following today.
Speaker 2: Karen, we begin with the latest developments in the Russia
Speaker 2: Ukraine war. Reuters is reporting Vladimir Putin is willing to
Speaker 2: talk with President like Donald Trump about a ceasefire deal
Speaker 2: in Ukraine that could roughly freeze the war along current
Speaker 2: front lines. We get more from Bloomberg's Oliverkruk.
Speaker 3: There's room for negotiation over carve outs over the four
Speaker 3: regions of Donetskluhan, Saparija, and Karazon. And then we also
Speaker 3: know that they're open to withdrawing potentially. So this is
Speaker 3: the Russian talking about potentially withdrawing from small patches of
Speaker 3: territory in other parts of Ukraine. Now, another point that
Speaker 3: he will insist on, Putin will insist on, is that
Speaker 3: Ukraine abandon his ambitions to join NATO again. This is
Speaker 3: potentially closer to a wishless from what the Russian side wants,
Speaker 3: but it is significant because if it is accurate, this
Speaker 3: is some of the first sort of concrete sketches we
Speaker 3: have heard from the Russian point and potentially a sort
Speaker 3: of opening negotiation discussion.
Speaker 2: Bloomberg Zali Krook says President Biden's decision to allow Ukraine
Speaker 2: to use long range missiles inside Russia could complicate any settlement.
Speaker 2: In another development, Bloomberg News has learned the US has
Speaker 2: decided to provide Ukraine with anti personnel land mines to
Speaker 2: blunt the advance of Russian troops.
Speaker 1: Meanwhile, Nathan the US Embassy in Kiev says it's received
Speaker 1: warning of a potentially significant Russian air attach and would
Speaker 1: be closed as a precaution. The embassy also instructed employees
Speaker 1: to shelter in place, and also recommended that US citizens
Speaker 1: in Kiev be prepared to immediately shelter in the event
Speaker 1: of an air alert and Karen All.
Speaker 2: This comes on the heels of the final day of
Speaker 2: the G twenty summit in Rio de Janeiro. The meeting
Speaker 2: was marked by tension and this unity. Leaders failed to
Speaker 2: agree on language characterizing the wars in Ukraine in the
Speaker 2: Middle East. The summit was also overshadowed by the looming
Speaker 2: return of Donald Trump to the White House. Diplomats are
Speaker 2: wondering what kind of role the US will play in
Speaker 2: world affairs under his leadership. Bloomberg's Roz Matheson has more
Speaker 2: from London.
Speaker 4: It seems like this meeting was particularly chaotic as well.
Speaker 4: We had that weirdness over the family photo where three
Speaker 4: of the leaders missed it. It had to be redone
Speaker 4: in a different setting a day later, which was all
Speaker 4: a bit awkward, and it just seems to reflect the
Speaker 4: fact there was a lot going on behind the scenes
Speaker 4: in terms of disagreements and arguments over be it the
Speaker 4: war in Ukraine, but also the conflict in the Middle East,
Speaker 4: and more than anything, hanging over it the sense of
Speaker 4: the fact that Donald Trump's returning to the White House
Speaker 4: and what that means for these leaders and for the
Speaker 4: rest of the world.
Speaker 2: Bloomberg's Roslind Matheson says the summit was built as a
Speaker 2: moment for the West and the rest to show unity,
Speaker 2: but it served to show how quickly the guardrails are
Speaker 2: coming off the international rules based order.
Speaker 1: All right, Nathan, Now let's get to the leaatest on
Speaker 1: that Trump a transition president like Trump has added read
Speaker 1: more big names to his cabinet. He's tapped Kenner Fitzgerald CEO,
Speaker 1: Howard Lutniks, Comer Secretary after taking him out of the
Speaker 1: running for Treasury. Linda McMahon, the former World Wrestling Entertainment
Speaker 1: CEO and small business administrator in the first Trump administration,
Speaker 1: is Trump's choice to lead the Education Department, and Trump
Speaker 1: has named Memetaz, the celebrity doctor, to lead the centers
Speaker 1: for Medicare and Medicaid Services. We get more on that
Speaker 1: pick with Bloomberg's Wendy Benjaminson in Washington.
Speaker 5: He was a professor of medicine at Columbia University, but
Speaker 5: he has spent a good deal of his career in
Speaker 5: the last ten years promoting, you know, sort of fringe
Speaker 5: fringe medical things, a lot of wellness stuff that isn't
Speaker 5: quite you know, on the beam with a lot of
Speaker 5: the medical community.
Speaker 2: As for the Treasury choice, Karen President like, Trump's working
Speaker 2: to get that back on track, sources tell Bloomberg News.
Speaker 2: He's holding interviews today with two top contenders, former Fed
Speaker 2: Governor Kevin Walsh and Apollo Global Management CEO Mark Rowan.
Speaker 2: Another potential candidate, Tennessee Senator Bill Haggerty spent much of
Speaker 2: yesterday with Trump. Key Square Group founder Scott Bessant is
Speaker 2: also in the running for Treasury.
Speaker 1: Well Nathan oak Tree Capital Management co founder Howard Marx
Speaker 1: is weighing in on the upcoming Trump presidency. He spoke
Speaker 1: with Bloomberg Television in Asia.
Speaker 6: Number one, what's going to happen? Nobody knows. His appointments
Speaker 6: are not firmed. They have yet to be confirmed. His
Speaker 6: policies are not known. What is he going to do?
Speaker 6: Nobody really knows what he's going to do? Number two?
Speaker 6: What else will be going on in the world. He's
Speaker 6: not the only show. It's complicated. Number three?
Speaker 7: How will the market react to all these things?
Speaker 6: Number four? The president's influence on most things is usually
Speaker 6: quite limited.
Speaker 1: Well. Oak Tree Capital Management co founder Howard Marx says
Speaker 1: US stocks are on the high side relative to history.
Speaker 1: He wasn't overly bearish on US assets.
Speaker 2: And in another political development, Karen San Francisco mayor London
Speaker 2: Breed has lost her reelection race to Levi Strauss Air
Speaker 2: Daniel Lourie. The Associated Press called the race yesterday. Breed
Speaker 2: was elected in twenty eighteen as San Francisco's first black
Speaker 2: female mayor. And we should note that Michael Bloomberg, the
Speaker 2: founder and majority owner of Bloomberg Radio parent company Bloomberg LP,
Speaker 2: donated one four to five million dollars in support of
Speaker 2: London Breed's reelection campaign.
Speaker 1: Well, Nathan. Now let's turn to another historic moment for SpaceX.
Speaker 1: The company successfully conducted its six Starship test flight yesterday
Speaker 1: in South Texas, with the Starship successfully reigniting an engine
Speaker 1: in space for the very first time. SpaceX hopes the
Speaker 1: powerful rocket can eventually carry humans and cargo to Earth's orbit,
Speaker 1: the Moon, and even Mars. It did aboord the second
Speaker 1: test of its booster catch, However, citing safety concerns, we did.
Speaker 8: Not attempt a return to the launch site and catch
Speaker 8: attempt today when strict criteria were not met, and the
Speaker 8: super heavy booster executed a planned divert to a landing
Speaker 8: burn and soft splash down in the Gulf of Mexico.
Speaker 1: Standing alongside SpaceX founder Elon at the test launch in Brownsville, Texas,
Speaker 1: President elect Trump, and other Republican allies, including Texas Senator
Speaker 1: Ted Cruz.
Speaker 2: Let's turn back to markets now Karen for what may
Speaker 2: be the most highly anticipated earnings report of the year,
Speaker 2: and Vidia comes out with its latest results after today
Speaker 2: is closing. Bell and Bloomberg's Tom Busby has more.
Speaker 9: And want to expect and Vidia, the final member of
Speaker 9: the Magnificent seven Tech giants and the world's most valuable
Speaker 9: company pois to deliver another blowout earnings report on insatiable
Speaker 9: demand for its artificial intelligence chips. The question for investors
Speaker 9: ken in Vidia ramp up supplies of its latest GPUs,
Speaker 9: the Blackwell Line, after a series of manufacturing setbacks. Bloomberg
Speaker 9: consensus calls for revenue of thirty three point twenty five
Speaker 9: billion dollars, so justin earnings per share of seventy four cents.
Speaker 9: Tom buzzby Bloomberg Radio.
Speaker 1: All right, Tom, thank you. In Europe, UK inflation accelerated
Speaker 1: more than forecast in October to well above the Bank
Speaker 1: of England's two percent target. Consumer price inflation rose to
Speaker 1: two point three percent from one point seven percent in September.
Speaker 1: The figures are likely to lead to a conscious approach
Speaker 1: from the Bank of England, reducing the prospect of further
Speaker 1: interest rate cuts in the coming months. Time now for
Speaker 1: a look at some of the other stories making news
Speaker 1: in New York and around the world, and for that
Speaker 1: we're joined by Bloomberg's John Tucker. John, Good morning, Good morning.
Speaker 10: Karen House panel meets today to consider releasing results of
Speaker 10: an investigation of the former Congressom Matt Gates, president like
Speaker 10: Donald Trump's pick for attorney general. The beating comes after
Speaker 10: a woman reportedly told the Ethics Committee she had sexual
Speaker 10: relations with Gates when she was seventeen years old. New
Speaker 10: York's first and the nation congestion pricing for people driving
Speaker 10: on Manhattan's traffic clock streets faces a legal threat that
Speaker 10: could now kill it. More from Bloomberg's Genae Cervetti.
Speaker 11: Under the plan to ease congestion and pollution, starting on
Speaker 11: January fifth, most drivers will pay nine dollars to enter
Speaker 11: the tolling zone. But if a judge agrees with New
Speaker 11: Jersey Governor Phil Murphy that the plan must undergo additional
Speaker 11: federal environmental roofs, that would almost certainly push the start
Speaker 11: date into the administration of President elect Donald Trump, who
Speaker 11: opposes congestion pricing. Trump, who is to be inaugurated on
Speaker 11: January twentieth, could simply direct the Federal Highway Administration not
Speaker 11: to sign off on the revised program. Genus Cervetti Bloomberg Radio.
Speaker 10: Firefighters extinguish a fast growing brush fire in Upper Manhattan
Speaker 10: that briefly blocked traffic as a deepening drought feeds hundreds
Speaker 10: of blazes across the region. The blaze broke out of
Speaker 10: the Washington Heights neighborhood. Nobody was hurt. The fire came
Speaker 10: one day after New York officials instituted a drought warning,
Speaker 10: and the FDA says an inspection of a TOMS of
Speaker 10: Main facility in Sanford, Maine turned up several violations, including
Speaker 10: bacterian wine are used to make toothpaste and a black
Speaker 10: moldlike substance near manufacturing equipment. Global News twenty four hours
Speaker 10: a day, and whatever you wanted with Bloomberg News. Now,
Speaker 10: I'm John Tucker. This is Bloomberg Nathan Karen.
Speaker 1: All right, John, thank you time now for the Bloomberg
Speaker 1: Sports Update, brought to you by Try State Outye. Here's
Speaker 1: John Stanshawer, John, good morning.
Speaker 7: Good morning Cara.
Speaker 12: We'll see after the season if the Giants shake things up,
Speaker 12: but we now know there will be new faces coaching
Speaker 12: and running the Jets. Six weeks after the firing of
Speaker 12: coach Rob Salad, General manager Joe Douglas shown the door.
Speaker 12: Phil Savage, the former Cleveland gm who've been working as
Speaker 12: the Jets advisor it takes over on an interim basis.
Speaker 12: Douglas was in his sixth season on the job, and
Speaker 12: the Jets record during his time thirty and sixty four
Speaker 12: brought in some good players. His biggest blunder was drafting
Speaker 12: quarterback Zach Wilson's second overall back. In twenty twenty one
Speaker 12: Ranger road trip so far, two games, two wins in Vancouver,
Speaker 12: Chris Kreider's goal midway through the third period gave the
Speaker 12: Blue Shirt to four to three victory Islanders. Also in
Speaker 12: Western Canada, they lost to one in the shootout in Calgary.
Speaker 12: The Nets after two weekend road losses to the Knicks
Speaker 12: back at Barkley's able to top Charlotte one sixteen one
Speaker 12: fifteen Cam Johnson thirty four points. Cleveland brought it's fifteen
Speaker 12: to zero record to Boston, trailed the defending NBA champs
Speaker 12: by twenty one, got the deficit to two in the
Speaker 12: fourth quarter before the Celtics hung on one twenty to one seventeen.
Speaker 12: Donovan Mitchell then reflected on the cavs shockingly strong start.
Speaker 13: It's fun, you know, when you're playing basketball, good basketball,
Speaker 13: and then obviously winning games. Whether it's plowouts, close games,
Speaker 13: come from behind wins. You know, you enjoy these moments
Speaker 13: and for us, you know, it's great to be a
Speaker 13: part of history. I wish would have kept it going,
Speaker 13: but like I said, there's no championships in November. This
Speaker 13: is a great part of the season. Now we just
Speaker 13: continue to not We're not losing to a row. Let's
Speaker 13: go Bicks.
Speaker 12: Start a five game road tip tonight in Phoenix. Managers
Speaker 12: of the Year both winners in their first year on
Speaker 12: the job, Cleveland Steven Vote, Milwaukee's Pat Murphy. The Mets
Speaker 12: Carlos mendoz To finished third. The Mets have bad had
Speaker 12: an outfielder acquiring in a trade with Tampa Bay. Jose
Speaker 12: sirie Hit only won eighty seven last season, be he's
Speaker 12: very good defensively. In Spain, an emotional final match of
Speaker 12: thirty eight year old rap Field of dwa's career. Twenty
Speaker 12: two time Grand Slam winner lost in straight sets in
Speaker 12: Spain's Davis Cup match with the Netherlands. John Stanshdan We're
Speaker 12: Bloomberg Sports Karen Nathan.
Speaker 7: Coast to Coast on Bloomberg Radio nationwide on Sirius XM,
Speaker 7: and around the world on Bloomberg dot Com and the
Speaker 7: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 2: The main story this morning is on developments in the
Speaker 2: Russia Ukraine war. Reuters is reporting that Russia is willing
Speaker 2: to talk with President elect Donald Trump about a ceasefire
Speaker 2: deal with Ukraine. That's after President Biden authorized KIV to
Speaker 2: use long range missiles to strike deeper inside Russia. Ukraine's
Speaker 2: ambassador to the European Union, sevilod Chensov, says, that is
Speaker 2: what's bringing Putin to the table.
Speaker 7: It shows that it works. So if you talk to
Speaker 7: him with a position from strands, so they they're more
Speaker 7: ready for a conversation.
Speaker 2: Ukrainian EU Ambassador sevialod Chensov spoke with Bloomberg this morning,
Speaker 2: and we are joined now by Bloomberg's Kevin Whitelaw. And Kevin,
Speaker 2: we've heard the Kremlin respond to this writer's report saying
Speaker 2: that Russia's always been willing to talk with Ukraine, but
Speaker 2: a freeze wouldn't serve Russia's interests. What to make of
Speaker 2: this latest report that Putin is willing to talk at
Speaker 2: least with President elect Trump.
Speaker 14: Yeah, I think we need to take this with a
Speaker 14: whole bunch of caveats obviously, you know, I think Putin
Speaker 14: is at this point pretty happy to have anyone in
Speaker 14: the West engage with him, but it's not clear that
Speaker 14: he's going to actually give them anything, or at a
Speaker 14: situation where, if you look at this what's been happening
Speaker 14: on the ground, Ukraine has sort of been very very
Speaker 14: very slowly losing in Russia is very very very slowly gaining,
Speaker 14: and so it's in a place where it's not clear
Speaker 14: that Putin has the interest or the imperative to really negotiate,
Speaker 14: and Ukraine would like to get to a position where
Speaker 14: it can, as the ambassador was saying, negotiate from a
Speaker 14: position of strength. So to the degree that Donald Trump
Speaker 14: is going to come in and potentially prompt or start
Speaker 14: or force some kind of a ceasefire conversation right now,
Speaker 14: I think Russia probably feels it as a little bit
Speaker 14: of an upper hand in Ukraine is trying to figure
Speaker 14: out how it can regain that one of the ready
Speaker 14: reasons it was so interested in being able to carry
Speaker 14: out strikes into Russia using these US long range missiles.
Speaker 2: We've also seen not just the long range missile strike
Speaker 2: for the first time, but reports now that President Biden
Speaker 2: is authorizing Ukraine to use short term land mines as well.
Speaker 2: What could that mean for a potential negotiation once President
Speaker 2: Biden is off the scene.
Speaker 14: Yeah, I mean, at this point, you know, Biden is
Speaker 14: trying to pull out just the remaining little stops to
Speaker 14: try to put Ukraine in as strong a position as
Speaker 14: possible for when it you know, for when Trump takes office,
Speaker 14: mean sort of running out of things to do. The missiles,
Speaker 14: long range missiles was probably the most important as far
Speaker 14: as Ukraine was concerned, but you know, the rules are
Speaker 14: coming with some limitations that are are you know, restricting
Speaker 14: some of what Ukraine hoping to use them for. So
Speaker 14: obviously Russia has been able to strike into Ukraine with
Speaker 14: a decent amount of success, particularly when it comes to
Speaker 14: targeting the electrical grid. Ukraine really wants to find ways
Speaker 14: it can try to make it, you know, sort of
Speaker 14: damage the ammunition stocks and some of these you know,
Speaker 14: operating bases that that Russia has been using to stage
Speaker 14: these things. So unclear whether they're going to be able
Speaker 14: to really change the dynamic on the ground. And you know,
Speaker 14: I think if if Russia feels it is very, very
Speaker 14: very slowly winning. It's been able to bring in reinforcement
Speaker 14: troops from North Korea, it's getting weapons from other countries.
Speaker 14: It might feel that it doesn't have quite as much
Speaker 14: of an incentive to to to you know, give Ukraine
Speaker 14: a whole lot in a negotiation, which is why everyone's
Speaker 14: going to be focused on just you know, what Donald
Speaker 14: Trump is going to bring to the table and whether
Speaker 14: he's going to try to force Ukraine to accept the
Speaker 14: you know, kind of deal that it just up to
Speaker 14: now has just been simply unwilling to consider.
Speaker 2: And all this is coming, Kevin, in the backdrop of
Speaker 2: a g twenty summit that saw a lot of disagreement
Speaker 2: over even how to characterize the war in Ukraine in
Speaker 2: our last minute, Where could things go as we continue
Speaker 2: to work through this transition.
Speaker 14: Yeah, well it is a transition. It's a transition in
Speaker 14: several different countries. You've got, you know, in Germany effectively
Speaker 14: a lame duck chancellor with snap elections coming in February.
Speaker 14: You've got the French president Manuel Microme distracted by some
Speaker 14: of his own issues. So you definitely have a Europe
Speaker 14: that has to see if at a time where some
Speaker 14: of its normal leadership voices or maybe not as fully
Speaker 14: engaged on this issue. Can they really find some way
Speaker 14: to step up if the US walks away.
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