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Speaker 1: News when you wanted with Bloomberg News now i med Kleggi.

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Speaker 1: Russian forces hit Ukraine's capital, len Key energy facilities with

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Speaker 1: a massive airstrike on the eve of talks between Voladimir

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Speaker 1: Zelenski and Donald Trump aimed at nailing down a plan

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Speaker 1: to end Moscow's war. More than five hundred drones and

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Speaker 1: forty missiles were launched in a barrage that started overnight

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Speaker 1: and continued throughout the day on Saturday, hitting civilian targets

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Speaker 1: and energy facilities. Zelenski, We'll meet with President Trump in

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Speaker 1: Florida on Sunday. We get to tails on that from

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Speaker 1: Bloomberg's Laura at Davison.

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Speaker 2: Yes, this meeting is scheduled to happen as soon as Sunday.

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Speaker 2: And this is really a market shift from the tones

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Speaker 2: Zelensky was taking just a few days ago, where he

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Speaker 2: was a lot more pessimistic that he believed that the

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Speaker 2: Ukrainians and Russians could agree to a peace deal. There's

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Speaker 2: been weeks of sort of shuttle diplomacy, with US officials

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Speaker 2: meeting with both Ukrainian and Russian officials separately, but never

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Speaker 2: really making much of a breakthrough. The key sticking point

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Speaker 2: in this twenty point piece plan that's been put together

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Speaker 2: is whether it'satorial issues and whether Ukraine would be willing

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Speaker 2: to give up some parts of their territory that they

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Speaker 2: currently still control. That has been one key demand from

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Speaker 2: the Russians. Ukrainians have been quite quite sour on that idea,

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Speaker 2: so Zelenski is going for this face to face meeting

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Speaker 2: Dona mar Alaga with the president to hash out some

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Speaker 2: of these final details potentially to move forward with a

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Speaker 2: peace plan.

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Speaker 1: Bloomberg's Laura Davison. On Saturday, Canadian Prime Minister Mark Carney

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Speaker 1: said Canada will provide two and a half billion Canadian

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Speaker 1: dollars in additional economic assistance for Ukraine during televised remarks

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Speaker 1: alongside the Ukrainian presidents. Thailand and Cambodia agreed to an

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Speaker 1: immediate ceasefire for the second time in six months after

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Speaker 1: the latest round of border clashes killed dozens of soldiers

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Speaker 1: and civilians while displacing more than a half million others.

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Speaker 3: The most important point in this joint statement is that

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Speaker 3: both sides shall maintain that current tooth levels in the area,

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Speaker 3: with no movement or reinforcement towards one another, and no

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Speaker 3: renewance or provocations. Pease five will be monitored and observe

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Speaker 3: for seventy two hours to confirm that it is real

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Speaker 3: and continuous.

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Speaker 1: The US government welcomed the ceasefire deal, with Secretary of

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Speaker 1: State Mark Rubio urging the two countries to immediately honor

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Speaker 1: this commitment and fully implement the terms of the Koala

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Speaker 1: Lumpur peace Accords. Taiwan reported limited damage from an earthquake

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Speaker 1: powerful enough to shake buildings of the capitol late Saturday,

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Speaker 1: with key infrastructure operating normally and no major casualties reported.

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Speaker 1: The epicenter of the seven point zero magnitude earthquake that

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Speaker 1: occurred at eleven h five pm local time, was off

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Speaker 1: Taiwan's northeastern coast. Israeli Prime Minister of Benjamin Netanyahu is

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Speaker 1: expected to travel to Donald Trump's mar A Lago with

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Speaker 1: State in Florida for a Monday meeting with President Trump

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Speaker 1: to what will be the sixth meeting between the two

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Speaker 1: leaders since Trump returned to office in January. The talks

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Speaker 1: are expected to focus primarily on US efforts to advance

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Speaker 1: to the second phase of the Sheikhi Gaza ceasefire. Rising

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Speaker 1: tensions involving Lebanon in Syria, as well as Israeli concerns

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Speaker 1: over Iron's attempts to rebuild its missile capabilities. It was

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Speaker 1: another week higher for stocks. That's two in a row.

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Speaker 1: We get more from Bloomberg's Charlie Pellett.

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Speaker 4: For the week, the S and P five hundred index

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Speaker 4: was up one point four percent. The Dow and NASTAK

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Speaker 4: this holiday shortened trading week both up by one point

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Speaker 4: two percent. The S and P five hundred is up

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Speaker 4: nearly eighteen percent year to date, marking a third straight

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Speaker 4: year of double digit gains. Equity bulls are increasingly focused

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Speaker 4: on the so called Santa Claus Rally, the stretch covering

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Speaker 4: the final trading sessions of the year and the first

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Speaker 4: two of January, as a potential catalyst for further gains,

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Speaker 4: even as enthusiasm around AI and the Fed's interest rate

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Speaker 4: outlook come under greater scrutiny in New York. Charlie Pellett Bloomberg.

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Speaker 1: Radio affordability has become a political issue as consumers cope

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Speaker 1: with inflation, and lorisidel Baker of ITR Economics forecasts it

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Speaker 1: will continue into the new year.

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Speaker 5: Inflation be a little bit more persistent, a little bit stickier,

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Speaker 5: and the fundamental drivers just the amount of liquidity out there,

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Speaker 5: wage pressures to the upsideber starting to see if commodity

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Speaker 5: prices come back to life. Not to mention energy costs.

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Speaker 5: With all of these data centers in AI, there are

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Speaker 5: many more factors for pricing to be rising going forward.

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Speaker 1: Laura sidel Baker re ITR Economics. President Trump is expected

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Speaker 1: to meet in the coming week with executives from major

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Speaker 1: US defense contractors. It's part of an effort to force

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Speaker 1: the nation's defense contractors to spend more money on weapons

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Speaker 1: development instead of stock buybacks, executive pay and dividends. Bloomberg's

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Speaker 1: Karen Moscow has more.

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Speaker 6: The plan for the meetings was announced last week, and

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Speaker 6: it comes after people familiar with the matter said Trump

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Speaker 6: could sign a new executive order clamping down on buybacks

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Speaker 6: and dividends by top defense companies. The proposed directive would

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Speaker 6: mandate that the company's high executive compensation more closely to

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Speaker 6: overall performance levels and delivering specific systems. Trump's ability to

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Speaker 6: enforce such an order is unclear. Karen Moscow Well Bloomberg.

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Speaker 1: Radio US Luke oil gas station owners have been left

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Speaker 1: in limbo over Russia sanctions. Bloomberg's Monica Ris explains.

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Speaker 7: The Trump administration announced sanctions on Russian oil giants, including

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Speaker 7: Luke Oil PJSC, which has affected small American business owners

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Speaker 7: who operate Luke Oil branded gas stations in the US.

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Speaker 7: The sanctions have caused banks and credit card companies to

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Speaker 7: be cautious, forcing operators to accept cash only. Gas Station

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Speaker 7: operators are now worried about how they'll stay afloat the

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Speaker 7: Russian companies trying to divest its US assets, including about

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Speaker 7: two hundred gas stations, by April, but the process is

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Speaker 7: uncertain and franchisees don't know if they'll be able to

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Speaker 7: rebrand and move on under new ownership. Monica Ricks, Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News. Now

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Speaker 1: I made Kolegy. This is Bloomberg