WEBVTT - Introducing Bloomberg News Now

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<v Speaker 1>Hi, this is David Weston, and I want to tell

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<v Speaker 1>you about Bloomberg News Now. It's News when you want

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<v Speaker 1>It on your schedule. These are short audio reports five

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<v Speaker 1>minutes or less that bring you the latest headlines with context,

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<v Speaker 1>twenty four hours a day. Get it on your smartphone

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<v Speaker 1>with Apple Podcasts, Spotify or any podcast platform. And if

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<v Speaker 1>you're still not sure, here's a sample of today's latest

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<v Speaker 1>report from our team at Bloomberg News Now.

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<v Speaker 2>News when you want it. With Bloomberg News Now, I'm

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<v Speaker 2>Nathan Hager. TikTok may still be on the clock. A

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<v Speaker 2>federal appeals panel in Washington, DC has upheld the law

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<v Speaker 2>that would ban the wildly popular video sharing app in

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<v Speaker 2>the US unless it's Chinese owner Byteedance sells it by

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<v Speaker 2>the day before Inauguration day next month. Bloomberg technology host

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<v Speaker 2>Caroline Hyde has more.

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<v Speaker 3>This is important because half of all Americans use TikTok,

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<v Speaker 3>and even the president to be in twenty twenty five

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<v Speaker 3>uses TikTok. So the view is that probably with nothing

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<v Speaker 3>gets held up, we do hit, but they appeal, and

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<v Speaker 3>basically that's going to push it into the long grass.

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<v Speaker 3>We'll probably get like a ninety day extension come January

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<v Speaker 3>the nineteenth, so that it then is dealt with by

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<v Speaker 3>the next administration, and.

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<v Speaker 2>Bloomberg's Caroline Hyde reports it could make enforcement of the

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<v Speaker 2>band more complicated with Trump's embrace of TikTok. In the meantime,

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<v Speaker 2>the company's competitors are soaring on Wall Street meta platforms.

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<v Speaker 2>The parent of Facebook and Instagram is up two percent.

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<v Speaker 2>Snap owner of Snapchat, is higher by nearly three percent.

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<v Speaker 2>The broader market is rallying off a comeback in the

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<v Speaker 2>labor force. The November jobs report showed two hundred and

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<v Speaker 2>twenty seven thousand new non farm positions created after the

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<v Speaker 2>double whammy of storms and strikes in October, the unemployment

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<v Speaker 2>rate ticked up to four point two percent, but Acting

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<v Speaker 2>Labor Secretary Julie Sue says that is still quite low.

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<v Speaker 4>Those are all signs of an economy that is not

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<v Speaker 4>just recovered, but has been consistently strong and stable and

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<v Speaker 4>continuing to grow.

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<v Speaker 2>Acting Labor Secretary Julie Sue spoke to Bloomberg Television and

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<v Speaker 2>we also got consumers sentiment data from the University of Michigan.

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<v Speaker 2>It's up the most since April after Donald Trump's election win.

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<v Speaker 2>Joeann chu Is, Michigan's director of Consumer Surveys.

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<v Speaker 4>I and large Republicans expect labor markets to strengthen. Democrats

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<v Speaker 4>expect labor markets to weaken, and independence they're still trying

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<v Speaker 4>to figure things out. They're not really reporting much of

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<v Speaker 4>a change from last month.

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<v Speaker 2>Joanne Schue of the University of Michigan spoke on Bloomberg Radio.

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<v Speaker 2>One year inflation expectations jumped in this survey from two

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<v Speaker 2>point seven to two point nine percent, to sign that

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<v Speaker 2>consumers could be bracing for tariffs, But the labor numbers

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<v Speaker 2>have investors thinking the Federal Reserve could have room to

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<v Speaker 2>cut interest rates this month, though Fed Governor Michelle Bowman

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<v Speaker 2>is still preaching caution lowering the policy rate too quickly

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<v Speaker 2>could unnecessarily stoke demand and potentially reignite inflationary pressures, which

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<v Speaker 2>was another concern that I had at the time. Governor

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<v Speaker 2>Bowman spoke at a banker's event in Missouri. But the

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<v Speaker 2>market right now is mostly adding to its records, with

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<v Speaker 2>the S and P five hundred up a quarter percent

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<v Speaker 2>right now now getting close to sixty one hundred. The

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<v Speaker 2>Dow Jones industrial average is little change, but the Nasdaq

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<v Speaker 2>Composite is hired by six tens of one percent, and

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<v Speaker 2>the policy sensitive two year Treasury yield is down three

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<v Speaker 2>basis points to close to four point one point one percent.

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<v Speaker 2>The manhunt is now into its third day for the

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<v Speaker 2>gunman who shot and killed United Healthcare CEO Brian Thompson

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<v Speaker 2>in Midtown Manhattan this week. The New York Post is

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<v Speaker 2>reporting that investigators are processing bullets, a water bottle, and

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<v Speaker 2>a Starbucks cup recovered near the scene. DNA results, the

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<v Speaker 2>report says, could be days away. New York City Mayor

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<v Speaker 2>Eric Adams was on CNBC this morning.

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<v Speaker 5>There's a lot of new information that our detectives and

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<v Speaker 5>other law enforcement entities were able to find based on

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<v Speaker 5>their good old fashioned police work. But as you know,

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<v Speaker 5>there's very a level of sensitivity that you don't want

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<v Speaker 5>to do anything that's going to endanger of the investigation

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<v Speaker 5>or to tip off the suspect.

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<v Speaker 2>New York City Mayor Eric Adams there and police are

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<v Speaker 2>also offering a ten thousand dollars war for information. President

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<v Speaker 2>Delect Trump is offering more support for Pete Hegseth. Trump

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<v Speaker 2>posted on truth Social that support for his Defense Secretary

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<v Speaker 2>nominee is quote strong and deep, much more so than

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<v Speaker 2>the fake news would have you believe. End quote. Hag

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<v Speaker 2>Seth says he has overcome his past alcohol abuse.

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<v Speaker 6>I'm a different man than I was years ago, and

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<v Speaker 6>that's a redemption story that I think a lot of

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<v Speaker 6>Americans appreciate.

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<v Speaker 2>But Pete hegg Seth has yet to win the support

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<v Speaker 2>of Republican Senator Joni Earnst. She's calling for a full

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<v Speaker 2>investigation into allegations of sexual and financial misconduct. Support for

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<v Speaker 2>the video sharing site Rumble is building on Wall Street.

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<v Speaker 2>Those shares are up twenty one percent. Trump is named

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<v Speaker 2>David Sachs to be his first artificial intelligence and cryptos are.

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<v Speaker 2>Sacks is a venture capital investor who holds more than

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<v Speaker 2>a million shares of Rumble. Lulu Lemon stock is up

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<v Speaker 2>seventeen percent following strong overseas sales for the athleisure brand.

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<v Speaker 2>Bloomberg's Bailey Lipschaltz has.

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<v Speaker 6>That US sales ended up being flat on the third quarter,

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<v Speaker 6>but the big growth both thirty nine percent jump in China.

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<v Speaker 6>When you're trying to tease out what companies are going

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<v Speaker 6>to be better positioned for the move forward, clearly seems

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<v Speaker 6>like Lula Lemon is tapping Asia, which I don't think

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<v Speaker 6>many analysts really had on their Bengo car.

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<v Speaker 2>Bloomberg's Bailey Lipschultz reporting Chevron says it's cutting low carbon

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<v Speaker 2>investments by a fourth as the oil explorer trim spending

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<v Speaker 2>across the board and prioritizes profits over energy output. Right now,

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<v Speaker 2>Chevron shares are lower by more than two percent. That's

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<v Speaker 2>news when you want it with Bloomberg News Now. I'm

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<v Speaker 2>Nathan Hager, and this is Bloomberg