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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager.

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Speaker 1: And I'm Karen Moscow. Here are the stories we're following today.

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Speaker 2: Karen, we begin with the Fed's final policy decision of

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Speaker 2: the year. Economists expect the Central Bank to lower borrowing

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Speaker 2: costs for a third straight meeting, while signaling fewer interst

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Speaker 2: rate cuts next year. We get a preview from Bloomberg's

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Speaker 2: Michael McKee.

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Speaker 3: Fed officials are in a way between a rock and

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Speaker 3: a hard place. The economy is slowing, but inflation has

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Speaker 3: gotten stuck above their two percent target. Interest rates for mortgages, cars,

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Speaker 3: and credit cards remain tight, but financial conditions are easy

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Speaker 3: and stock markets are setting all time highs. Before their

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Speaker 3: blackout period, most central bankers were signaling they would support

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Speaker 3: a rate cut today, although several said they do see

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Speaker 3: reasons to pause. That puts the emphasis on their new

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Speaker 3: economic forecasts and dot plot. When do they cut again

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Speaker 3: and how many times? In twenty twenty five? Michael McKee

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Speaker 3: Bloomberg Radio.

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Speaker 2: All right, Mike, thanks and stick with Bloomberg for full

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Speaker 2: FED coverage with a special edition of Bloomberg's Surveillance the Fed.

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Speaker 2: The sides with Tom Keene, Jonathan Farrell, and Lisa A. Bromwitz.

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Speaker 2: That's today one thirty pm, Ball Street Time on Bloomberg Radio,

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Speaker 2: Bloomberg Television, and the Bloomberg Podcasts page on YouTube.

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Speaker 1: Well Nathan, Bank of America CEO Brian moynihan expects the

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Speaker 1: Fed to cut rates. He spoke about the future of

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Speaker 1: monetary policy with Bloomberg's David Weston.

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Speaker 4: If the economist view is you have to have a

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Speaker 4: real rate structure across the curve of seventy five basis

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Speaker 4: points one hundred basis points. If you're four seventy five

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Speaker 4: four fifty now in the flation rates three point three,

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Speaker 4: that's bigger. So you got to start to bring it

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Speaker 4: in normalized. We've got to get to know positive soap

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Speaker 4: and curve a curve that has real rates across it.

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Speaker 4: An invert a curve means something anticipatory is going to.

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Speaker 5: Go the other way.

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Speaker 4: All that's got to happen. So I think they need

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Speaker 4: to bring it down a little bit. They just have

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Speaker 4: to be more careful because the economy is stronger than

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Speaker 4: we thought three months ago, six months ago, but it

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Speaker 4: still has potential weaknesses.

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Speaker 1: Bank of America O Brian Monahan sees the FED lowering

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Speaker 1: interest rates to the three point seventy five percent level,

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Speaker 1: or three more cuts from where they are currently. Get

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Speaker 1: the full conversation on the Bloomberg Talks podcast feed on Apple, Spotify,

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Speaker 1: or anywhere else you download podcasts.

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Speaker 6: Well, Karen.

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Speaker 2: In the UK, inflation rows to an eighth month high

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Speaker 2: in November. The consumer prices index increase two point six percent,

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Speaker 2: drifting further above the Bank of England's two percent target.

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Speaker 2: Economists say the latest report effectively ends any hope of

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Speaker 2: an interest rate cut at the boees final meeting of

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Speaker 2: the year.

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Speaker 1: On the stock story of the Day, Nathan comes out

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Speaker 1: of the auto industry, shares of Nissans soaring on merger talks,

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Speaker 1: We get the very latest at Bloomberg's Lisa Matteo Lisa,

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Speaker 1: good morning.

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Speaker 7: Good morning, Karen. You have that merger reportedly between Nissan

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Speaker 7: and Honda. Now you have Nissan shares up about twenty

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Speaker 7: three percent in Japan, Honda down three percent. Sources telling

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Speaker 7: Bloomberg the deal could be expanded to include Mitsubishi Motors,

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Speaker 7: which already has capital ties with Nissan, and what's more,

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Speaker 7: sources a Fox con the Taiwan based per user for

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Speaker 7: iPhones approached Nissan about taking a stake. Now, the nie

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Speaker 7: Ke is reporting that that move while it helped accelerate

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Speaker 7: merger efforts out of fears that the Japanese company could

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Speaker 7: be vulnerable to take over by the Taiwanese firm. But

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Speaker 7: here's the thing. If that deal were to go through,

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Speaker 7: it would create the world's third largest automaker, putting the

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Speaker 7: pressure on rival Toyota, as well as provide Honda and

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Speaker 7: Nissan with more resources to compete with larger peers, especially

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Speaker 7: ev rivals like Tesla and Chinese automakers. And something else

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Speaker 7: to keep in mind. French automaker Renault, well, it could

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Speaker 7: also have a say in the deal, considering it owns

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Speaker 7: about thirty six percent of Nissan. Lisa Matteo, Bloomberg Radio.

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Speaker 2: All right, Lisa, thank you now to the latest development

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Speaker 2: in the killing of United Healthcare CEO Brian Thompson. The

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Speaker 2: suspect Luigi Mangioni is now facing multiple murder charges in

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Speaker 2: New York. Manhattan District Attorney Alvin Bragg laid out the counts.

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Speaker 8: They include one count of murder in the first degree

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Speaker 8: as a killing and furthers of terrorism two counts of

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Speaker 8: during the second degree. One charge of the killing was

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Speaker 8: done as an act of terrorism, and the second pertain

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Speaker 8: to the fact that the killing was intentional.

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Speaker 2: Manhattan DA Alvin Bragg was joined at the news conference

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Speaker 2: by New York City Police Commissioner Jessica Tish. She had

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Speaker 2: a message for those who have celebrated the crime.

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Speaker 9: There is no heroism in what Mangioni did. This was

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Speaker 9: a senseless act of violence. It was a cold and

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Speaker 9: calculated crime that stole a life and put New Yorkers

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Speaker 9: at risk.

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Speaker 2: Missioner Jessica Tish and Alvin Bragg spoke ahead of two

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Speaker 2: scheduled hearings tomorrow from Mangioni in Blair County, Pennsylvania. Bragg

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Speaker 2: says Mangoni could give up his fight against extradition that

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Speaker 2: could bring him back to New York to face these

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Speaker 2: new charges by the end of the week.

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Speaker 1: Now, Nathan, let's get the latest on efforts to avoid

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Speaker 1: a government shutdown. Lawmakers on Capitol Hill have released a

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Speaker 1: stop gap spending measure, but it could be a preview of.

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Speaker 3: Fights to come.

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Speaker 1: We get more with the Bloombergy's Gina Cervetti.

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Speaker 10: The bill would extend current funding into mid March. It

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Speaker 10: includes more than one hundred billion dollars in emergency relief

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Speaker 10: for hurricane victims, the Maui wildfires, and the bridge collapse

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Speaker 10: in Baltimore. But the fight to get those measures attached

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Speaker 10: could point to even more challenges for President elect Trump's

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Speaker 10: early priorities. Republicans will have just a one vote majority

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Speaker 10: in the House through at least April. Since Trump picked

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Speaker 10: three GOP lawmakers to serve in his administration, that'll be

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Speaker 10: right in the middle of a push to pass a

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Speaker 10: new budget along party lines, not to mention bills on

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Speaker 10: border security, taxes and other budget issues. Gina Cervetti, Bloomberg Radio.

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Speaker 2: Ni Gina, thank you and President Like Donald Trump has

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Speaker 2: chosen football legend Herschel Walker to be US Ambassador to

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Speaker 2: the Bahamas. Trump made the announcement in a post on

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Speaker 2: Truth Social, his social media website. Walker most recently had

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Speaker 2: an unsuccessful run for the US Senate in Georgia. To

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Speaker 2: hold the ambassador position, he'll need his nomination approved next

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Speaker 2: year by the Republican led Senate. Trump also announced he's

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Speaker 2: nominating art collector Nicole McGraw to be US Ambassador to Croatia.

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Speaker 1: Time now for a look at some of the other

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Speaker 1: stories making news in New York and around the world,

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Speaker 1: and for that we're joined by Bloomberg's John Tucker. John

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Speaker 1: Good Morning, Good Morning.

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Speaker 5: Karen, A Defense Department spokesman says none of the mysterious

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Speaker 5: drones reported over the skies of the US Northeast are

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Speaker 5: being flown by the Pentagon or are part of a

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Speaker 5: secret government test. President Joe Biden also weighed in, saying

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Speaker 5: there's nothing nefarious. Apparently there's a lot of drones authorized

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Speaker 5: up there.

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Speaker 6: I think you weren't started and they all guys, everybody's

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Speaker 6: wanting to getting a deal, but all the lovers were following.

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Speaker 5: Quote at the Pentagon, Major General pat Ryder told reporters

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Speaker 5: top Department officials take seriously any cases of drones flying

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Speaker 5: near or over US military, So it's that we added

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Speaker 5: this was not a new concern. Boeing says it's resumed

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Speaker 5: production across its range of aircraft programs at factories in

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Speaker 5: the Pacific Northwest after they were shut down for weeks

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Speaker 5: because of that lengthy worker strike. Following the resumption of

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Speaker 5: output of its popular seven thirty seven model last week,

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Speaker 5: Bois Navigan taking up building the largest seven sixty seven

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Speaker 5: and Triple seven aircraft again. Twana Looney, grandmother in Alabama,

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Speaker 5: is on the road to recovery after receiving a genetically

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Speaker 5: modified pig kidney at NYU Langone Health.

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Speaker 11: It's just like getting a second chance in life.

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Speaker 5: Doctors hope this will be the first long term success

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Speaker 5: case that could open the door for similar procedures for

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Speaker 5: tens of thousands of Americans waiting on the donor list,

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Speaker 5: and more delays for the SpaceX crew still stuck on

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Speaker 5: the International Space Station months after their mission was set

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Speaker 5: to end. A new SpaceX rocket was set to launch

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Speaker 5: this coming February to finally bring them home, but now

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Speaker 5: NASA is pushing back that mission until at least late March,

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Speaker 5: citing the need for more preparation. Time Global News twenty

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Speaker 5: four hours date whenever you wanted with Bloomberg News. Now,

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Speaker 5: I'm John Tucker and this is Bloomberg Karen.

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Speaker 1: All right, John, thank you some time now for the

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Speaker 1: Bloomberg Sports Update, brought to you by Tri State. Howdy.

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Speaker 1: Here's John Stashauer. John, Good morning, Good morning care.

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Speaker 6: Juan Soto has never won an MVP award. The guy

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Speaker 6: the Yankees just brought in to try and replace Soto

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Speaker 6: as a left handed hitting outfielder has Cody Bellinger. As

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Speaker 6: a twenty three year old in twenty nineteen with the Dodgers,

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Speaker 6: he hit three hundred and forty seven home runs, but

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Speaker 6: Bellinger has not been anywhere near that good since then,

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Speaker 6: and he's nowhere near the player Soto is. But the

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Speaker 6: Yanks will hope he can regain that MVP form acquired

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Speaker 6: from the Cubs and a Cody for Cody Trageicago gets

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Speaker 6: pitcher Cody Pote. Bellinger's father, Clay, was a Yankee on

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Speaker 6: two World Championship team. Soto not the only one who's

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Speaker 6: gone with the Yankees to the Mets. Clay Holmes was

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Speaker 6: a Yankee reliever. He's now a Mets starter.

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Speaker 2: I want to look back in my career and say, man,

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Speaker 2: you know what what had come from that?

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Speaker 5: And I think it was something that you know.

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Speaker 1: Still a deep doubt I had, you know, a passion

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Speaker 1: board and excited me and you know, very thankful for it.

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Speaker 11: Yeah, the soccer Davis come, he's sit here with the mess.

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Speaker 11: You stay here in New York and.

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Speaker 5: Be with the mess.

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Speaker 6: Holmes met the media yesterday, as did Devin Williams, who

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Speaker 6: the Yanks acquired to replace Holmes. What has happened to

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Speaker 6: the Rangers a month ago? A record of twelve and

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Speaker 6: four since then three and eleven shut out by Lowling

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Speaker 6: Nashville two nothing only the Predators ninth win of the season.

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Speaker 6: Islanders also blank four nothing at Carolina. The Devils won

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Speaker 6: four one at Saint Louis. In Vegas, Milwaukee won the

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Speaker 6: NBA Cup held Oklahoma City only thirty one second half

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Speaker 6: points and won ninety seven to eighty one. Giannis unto

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Speaker 6: the Comfo twenty six points in a triple double. Also

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Speaker 6: in Vegas, with some made for TV Golf, the PGA

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Speaker 6: team of Rory McElroy and Scottie Scheffler easily defeated the

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Speaker 6: live duo of Brooks Koepka and Bryson Deshambell. The Atlanta

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Speaker 6: Falcons only a game at a first place, but they're

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Speaker 6: making a quarterback change starting with Sunday's game against the Giants.

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Speaker 6: They'll start rookie Michael Pennix Junior and bench the veteran

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Speaker 6: Kirk Cousins, who has been struggling. Mighty lead of late

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Speaker 6: Johns Stashewer.

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Speaker 1: Bloomberg Sports carry Me All right, John, Thank you, and

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Speaker 1: Bloomberg Daybreak is brought to you by Audi. Visit your

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Speaker 1: trying state Audi dealer today and get behind the wheel

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Speaker 1: of the Audi model you've always wanted.

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Speaker 2: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 2: and around the.

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Speaker 1: World on Bloomberg dot Com and the Bloomberg Business app.

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Speaker 2: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. On

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Speaker 2: this FED day, the final rate decision of twenty twenty

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Speaker 2: four is nearly upon US investors looking for more clues

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Speaker 2: on the path for next year. Meanwhile, there may be

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Speaker 2: a path to a deal for two Japanese automakers to

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Speaker 2: take on the biggest carmaker in the world. Lots to

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Speaker 2: discuss this morning, so let's get right to it with

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Speaker 2: Bloomberg Radio and television news anchor Kritti Gupta Critty, Good morning. So,

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Speaker 2: how big a surprise would it be if the FED

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Speaker 2: decided they're going to pause today?

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Speaker 10: Good morning, Good morning, Nathan. It would be a surprise,

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Speaker 10: but perhaps not a shock.

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Speaker 11: And I think that's a crucial difference here, simply because

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Speaker 11: the market is primed and priced for what could be

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Speaker 11: the last rate cut not only twenty twenty four, but

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Speaker 11: that we could see for some time out of the

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Speaker 11: Federal Reserve. But if they were to hold earlier, it

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Speaker 11: would signal that there is perhaps extreme confidence in this

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Speaker 11: economy's willingness to digest and ability to digest any sort

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Speaker 11: of pitfalls that we may see into next year. And

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Speaker 11: I think this is a really crucial one because if

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Speaker 11: you do see a cut, there's questions of what data

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Speaker 11: justifies that cut. Now, Federal Reserve officials will likely say,

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Speaker 11: and have said on the wire and in the last

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Speaker 11: couple of weeks and months, that any sort of cut

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Speaker 11: is simply taking policy from a super restrictive level to

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Speaker 11: a slightly less but still restrictive level in terms of

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Speaker 11: being able to tackle that inflation uptick. But others may

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Speaker 11: question that and say, is this rate cut, if we

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Speaker 11: do indeed get one, something similar to a rate cut

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Speaker 11: that we got in the likes of March of twenty

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Speaker 11: nineteen when J.

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Speaker 10: Powell had that insurance.

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Speaker 11: Rate cut, even though the economy was doing quite well

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Speaker 11: at the time, the unemployment rate was quite low, the

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Speaker 11: peril's numbers were coming in quite strong, but it was

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Speaker 11: an insurance rate cut in response to what could have

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Speaker 11: been a more extreme trade war between the United States

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Speaker 11: and China. And in retrospect, say in a couple of

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Speaker 11: months time, there's a very real likelihood that we asked

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Speaker 11: the same questions about what drove today's rate cut if

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Speaker 11: we do indeed get one and.

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Speaker 2: As if a FED day weren't enough. Now, this news

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Speaker 2: that Nissan and Honda are apparently in merger talks, this

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Speaker 2: is really a fight for survival for Nissan Critty it is.

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Speaker 11: And look, there's a third and fourth player worth mentioning here,

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Speaker 11: which is Renault has a more than forty three percent

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Speaker 11: stake in Nissan at the moment. It's been trying to

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Speaker 11: reduce at stake to about fifteen percent and do it

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Speaker 11: in a way that they can get a pretty decent

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Speaker 11: kind of bang for their buck. If they do see

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Speaker 11: this kind of consolidation between Nissan and Honda, it could

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Speaker 11: be a pretty big boost for the likes of Renault.

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Speaker 11: But then there's another player here worth paying attention to,

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Speaker 11: and that's Fox Con. What we know is kind of

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Speaker 11: the assembler of smartphones. It's in the Apple supply chain.

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Speaker 11: They've been trying to get a steak in the EV

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Speaker 11: maker for some time and struggling to get that steak.

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Speaker 11: If they do indeed get it, though, Nathan, it brings

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Speaker 11: up a lot of questions about kind of cross border consolidation,

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Speaker 11: cross border steaks between a Taiwanese company into what could

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Speaker 11: be a Japanese carmcon giants.

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