Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm John Tucker and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today, and.
Speaker 3: Karen, let's begin with new developments in the efforts to
Speaker 3: end the war in Ukraine. Russian President Putin says he's
Speaker 3: going to revise his country's negotiating position and reclaiming Ukrainian
Speaker 3: drones targeted his residence. According to the Kremlin, Putin told
Speaker 3: President Trump of his decision at a call yesterday. The
Speaker 3: President talked about it with reporters in Florida.
Speaker 4: It's one thing to be offensive, because they are offensive.
Speaker 4: It's another way to attack his house. It's not the
Speaker 4: right time to do any of that and can't do it.
Speaker 4: And I learned about it from President Bunt that was
Speaker 4: very angry about it.
Speaker 3: Putin said Moscow intends to work closely with the US
Speaker 3: on peace efforts, but would reconsider a number of previously
Speaker 3: reached agreements. The Ukrainian President, Vlaud Brinzelenski dismissed the US
Speaker 3: and claims as a new lie and warned that Moscow
Speaker 3: could be using it as an excuse to prepare an
Speaker 3: attack on government buildings in.
Speaker 2: Kiev, well John. President Trump has threatened to strike Iran
Speaker 2: again if the country builds its nuclear capabilities. Speaking as
Speaker 2: he met with Israeli Prime Minister Benjamin Netaniahu, President Trump
Speaker 2: expressed concern that Iran is seeking to revive its nuclear program.
Speaker 5: Now.
Speaker 4: I hear that Iran is trying to build up again,
Speaker 4: and if they are, we're going to have to knock
Speaker 4: him down. We'll knock him down. We'll knock the hell
Speaker 4: out of them. But hopefully that's not happening. I heard
Speaker 4: Iran wants to make a deal. If they want to
Speaker 4: make a deal, that's much smarterer. You know, they could
Speaker 4: have made a deal the last time before we went through,
Speaker 4: you know, a big attack on them.
Speaker 2: And President Trump also said he would support Israel and
Speaker 2: striking Iran if it continued with its ballistic missile program.
Speaker 3: And President Trump says the US struck a facility inside Venezuela,
Speaker 3: it would be a significant ensculation in the campaign against
Speaker 3: alleged drug trafficking operations there. Trump's reference to an attack
Speaker 3: within Venezuela would mark the first time the US has
Speaker 3: announced a land strike in that country. The administration has
Speaker 3: raised pressure on the government of Nicholas Maduro by bombing
Speaker 3: boats in the region and implementing a blockade to disrupt
Speaker 3: the country's oil exports.
Speaker 2: John hours after President Trump downplayed at China's military stage. Day,
Speaker 2: second day of large scale military drills around Taiwan this morning,
Speaker 2: had fired dozens of rockets into waters near Taiwan. China's
Speaker 2: latest exercise has come as President Xieshin paying ramps up
Speaker 2: military and diplomatic pressure on self ruled Taiwan. It also
Speaker 2: comes days after the US announced one of its biggest
Speaker 2: arms packages ever for the self run democracy.
Speaker 3: And let's turn to the markets, where futures right now
Speaker 3: they are mixed Following gainst day's declines on Wall Street,
Speaker 3: the SMP five hundred fell three tenths of a percent.
Speaker 3: The NAZAC dropped half a percent. Still, it's been a
Speaker 3: good one for the bulls. The SMP five hundred up
Speaker 3: more than seventeen percent so far this year. Chris Campisisis
Speaker 3: is a managing partner at Barnum Financial Group.
Speaker 6: The reality is, if we look at how the last
Speaker 6: time we had four double digit up years in a
Speaker 6: row that didn't end so well, right, That ended with
Speaker 6: the dot com bubble burst, and so if we're going
Speaker 6: to see another double digit, high momentum, high growth kind
Speaker 6: of year, we're going to need some kind of goldilocks
Speaker 6: economic and stock performance in order to do that.
Speaker 3: Barnham Financial Groups Chris campizzis global equities remain on track
Speaker 3: for a third straight and you'll gain with msci's world
Speaker 3: gauge up around twenty one percent in twenty twenty five.
Speaker 2: So John, what's the outlook for a stocks in the
Speaker 2: new year. Bloomberg's Tom Busby has a look in what
Speaker 2: the big banks and boutique investment firms are expecting in
Speaker 2: twenty twenty six.
Speaker 7: Despite worries about a possible artificial intelligence bubble, the Fed's
Speaker 7: next move on interest rates, and unanticipated shocks from President
Speaker 7: Trump's second year in office, the consensus for the new
Speaker 7: year on Wall Street is that the stock market will
Speaker 7: continue to rally to new heights in twenty twenty six
Speaker 7: for a fourth year in a row, making what would
Speaker 7: be the longest winning streak in almost two decades. In
Speaker 7: Bloomberg survey of sell side equity strategist, the average year
Speaker 7: and forecast for the S and P five hundred implies
Speaker 7: another nine percent gain next year. Tom busby Bloomberg Radio.
Speaker 3: Thanks Tom, and we're seeing a rebound and commodities found
Speaker 3: againstday's wild ride. Both gold and silver or higher. Silver
Speaker 3: is suffering its biggest one day dropping more than five years,
Speaker 3: falling nine percent. Vatley Tittel covers the markets for Bloomberg.
Speaker 8: It was absurdly stretched on some technicals that we knew.
Speaker 8: It was trading a eighty percent above its two hundred
Speaker 8: day moving average, and its relative strength indicator or RSI
Speaker 8: was nearly at ninety. I mean, those are things we
Speaker 8: haven't seen since the late seventies when it comes to silver.
Speaker 8: So yes, it was stretched, but look, maybe it's stretched
Speaker 8: for good reason. The fact that on January first, China
Speaker 8: is going to be putting in export restrictions, so anyone
Speaker 8: hoarding silver from Hong Kong from mainland China needs government
Speaker 8: permission to do so.
Speaker 3: Well, despite yesterday's pull back gold and silver, they do
Speaker 3: remain on track for the best annual performances since nineteen
Speaker 3: seventy nine. Checking gold and silver right now, silver op
Speaker 3: three point three percent. Well, gold is up just about
Speaker 3: one percent.
Speaker 2: Well, John, President Trump is once again turning up the
Speaker 2: pressure on fetchair J Powell. He told reporters that he
Speaker 2: has a favorite to succeed Powell, but he won't name
Speaker 2: that person until next month. President took it a step further,
Speaker 2: saying he's weighing a lawsuit against Powell.
Speaker 4: We're thinking about bringing a gross incompetence what's called gross
Speaker 4: incompetence lawsuitans gross in competence against Powell. And it was
Speaker 4: his baby. And the guy's just incompetent. There is nothing
Speaker 4: you can do about it. He's just very incompetent man.
Speaker 2: President Trump also suggested Powell should resign, adding that he
Speaker 2: might still fire him. Trump has long criticized Powell's handling
Speaker 2: of interest rates, saying the Central Bank has not acted
Speaker 2: aggressively enough to bring borrowing costs down. Pomo's current term
Speaker 2: as chair runs through May twenty twenty six. Time now
Speaker 2: for a look at some of the other stories making
Speaker 2: news in New York and around the world. And for
Speaker 2: that we're joined by Bloomberg's Michael Barr. Michael, Good morning,
Speaker 2: Good morning, Karen.
Speaker 9: The FAA and the NTSB continued to investigate a deadly
Speaker 9: midair collision between two helicopters that happened southeast of Philadelphia
Speaker 9: over the weekend. Each aircraft had just taken off from
Speaker 9: the Hamilton Municipal Airport in New Jersey late Sunday morning.
Speaker 9: Diane Kloof saw it happened.
Speaker 8: I say myself, my god, I hope they're just flying
Speaker 8: too close.
Speaker 2: I hope they don't clip each other.
Speaker 5: And the minute I said it to myself, the impact occurred.
Speaker 9: One of the helicopters erupted in flames. People living nearby
Speaker 9: raced to the crash site to help. Seventy one year
Speaker 9: old Michael Greenberg was dead at the scene. The other pilot,
Speaker 9: sixty five year old Kenneth Kersh, briefly survived the initial
Speaker 9: impact but was later pronounced dead at the hospital. Gas
Speaker 9: prices have been falling over the past few weeks. One
Speaker 9: reason is because demand is slower during the holiday season.
Speaker 9: Patrick Dehan with gas Buddy also says that once the
Speaker 9: weather gets warmer again, prices will start to inch back up.
Speaker 10: As we get into warmer weather, eventually we'll start transitioning
Speaker 10: back to cleaner, more expensive blends of gasoline for the summer.
Speaker 10: Not only that, but refinery maintenance, which starts in late
Speaker 10: winter will reduce supply and Americans are going to have
Speaker 10: that cabin fever once warmer temperature start to hit.
Speaker 9: Patrick d'han with gas Buddy. New Orleans officials say nearly
Speaker 9: eight hundred law enforcements will be out in the French
Speaker 9: Quarter and throughout the downtown area over the rest of
Speaker 9: the New Year's week. Mayor LaToya Cantrell also says National
Speaker 9: Guard troops will be deployed there through Marti Gras in February.
Speaker 11: We absolutely are welcoming of those added resources.
Speaker 9: A terror attack killed fourteen people during last year's New
Speaker 9: Year Years celebrations. President Trump said earlier this month, national
Speaker 9: Guard troops will soon head to New Orleans. New York
Speaker 9: City is ready for the ball drop on New Year's
Speaker 9: Eve yesterday. Organizers made sure to test the confetti so
Speaker 9: it can fly without issue. More than three thousand pounds
Speaker 9: of biodegradable confetti will rain down at midnight Global News
Speaker 9: twenty four hours a day and whenever you want it
Speaker 9: with the Bloomberg News Now Michael Barr and this is Bloomberg, Karen.
Speaker 2: That's a lot of confetti. Michael Barr, thank you time
Speaker 2: now for our Bloomberg Scores update, and for that we
Speaker 2: bring in Dan Schwartzman.
Speaker 12: The Falcons overcome blowing two twenty one point leads to
Speaker 12: outlast the Rams twenty seven to twenty four as a
Speaker 12: Gonzas kicks a game winning fifty one yeard field goal
Speaker 12: at twenty one seconds. Running back by Jean Robinson rushes
Speaker 12: for one hundred and ninety five yards on twenty two carries.
Speaker 12: The Nuggets suffer from major losses. Three time MVP Nicola
Speaker 12: Jokic goes out just before halftime without apparent knee injury
Speaker 12: in a Denver one for seven to one twenty three
Speaker 12: loss at the Miami Heat. Joki's scheduled to have an
Speaker 12: MRI later today. Elsewhere Nickspeak, the Pelicans one thirty to
Speaker 12: one twenty five. Raptors get past the Magic one oh
Speaker 12: seven to one oh six thunder win again, knocking off
Speaker 12: the Hawks one forty to one twenty nine, while the
Speaker 12: Cavaliers atlast the Spurs one thirteen to one oh one.
Speaker 12: That's your Bloomberg Sports update.
Speaker 2: Stay with us more from Bloomberg Day Break coming up after.
Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business Appum. This is Bloomberg Daybreak.
Speaker 3: Dannis now Spive thirteen of Wall Street. Good morning, m
Speaker 3: John Tucker. This is Bloomberg Daybreak where you heard the
Speaker 3: top story President of Trump's campaign to hand the war
Speaker 3: in Ukraine facing some new complications the runch and President
Speaker 3: Vlatimir Putin says he'll revise his country's negotiating position. Let's
Speaker 3: take a deeper dive into this story this morning, and
Speaker 3: I'm happy to say we're joined by Tina Pornham, the
Speaker 3: founder of Fordham Global Insight. Gina a pleasure. I'm glad
Speaker 3: you could be with us this morning. Putin says Ukraine
Speaker 3: attacked one of his homes. Ukraine denies it. President Trump
Speaker 3: seems to believe Putin. Is this now the pretext for
Speaker 3: RUNCHA to retreat from any forward progress?
Speaker 5: Absolutely?
Speaker 11: I mean there have been no other reports apart from
Speaker 11: President Putin himself of this alleged ninety one drone attack
Speaker 11: on his residence outside of Novgorod. And you know, we
Speaker 11: have seen this movie so many times and recently, you know,
Speaker 11: Putin arranges to have a phone call with President Trump
Speaker 11: before he meets with Zelenski because he knows that he
Speaker 11: can plant seeds in the President's mind that will end
Speaker 11: up influencing the outcome. So this is the proverbial you know,
Speaker 11: Lucy and Charlie Brown with the football scenario, and so
Speaker 11: far the White House seems to keep.
Speaker 2: Falling for it.
Speaker 3: Why is that? You got a wonder with the president
Speaker 3: President Trump's comments yesterday that he was very angry. Why
Speaker 3: does he not believe Vladimer Zelenski?
Speaker 5: Well, why does he believe Putin who has such a
Speaker 5: well established track record as a former KGB operative of
Speaker 5: bait and switch and manipulation.
Speaker 11: I mean, I know, John, if you saw the documents
Speaker 11: that the declassified documents that were released from the talks
Speaker 11: between Putin and George W. Bush around NATO. But there's
Speaker 11: an awful lot in the public domain and in the
Speaker 11: record and in Putin's talks themselves. And yet we know
Speaker 11: that President Trump really values his personal rapport. I mean,
Speaker 11: sitting here in Europe as I am, it's you know,
Speaker 11: it's it's not too much to say, we wonder if
Speaker 11: President Trump isn't willing to, you know, sell Ukraine and
Speaker 11: give Russia an option to buy Europe.
Speaker 3: Trump met with net Yahoo mar Lango yesterday. You have Russia, Ukraine,
Speaker 3: the headlines. We just went over threats against Iran, a
Speaker 3: strike inside Venezuela, China, the lionfire exercise in near Taiwan.
Speaker 3: World seems a pretty dangerous place going into twenty twenty six,
Speaker 3: and Tina. For an administration that promised an America focused agenda,
Speaker 3: there's certainly a lot of foreign entanglements. Can you wrap
Speaker 3: this up in a nice neat bow and tell us
Speaker 3: what gives here?
Speaker 11: Well, if you put that against the backdrop of the
Speaker 11: markets looking very optimistic about twenty twenty six, and I
Speaker 11: don't disagree, it looks like a big year for market
Speaker 11: performance and for deal making. You know, this is consistent
Speaker 11: with the recalibration of the international and the vying for
Speaker 11: market share if you like, geopolitical market share of China,
Speaker 11: Russia and the United States. And there are a lot
Speaker 11: of casualties there like Venezuela, possibly Greenland and others. So
Speaker 11: this is all going to continue because we're in the
Speaker 11: middle of this reset.
Speaker 2: Wow. This is Bloomberg day Break, your morning podcast on
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