WEBVTT - Middle East Truce Back on Track; Bessent on Path for Confirmation  

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with the latest developments in the Middle East.

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<v Speaker 3>Israeli Prime Minister Benjamin NETANYAHUO says an agreement with Hamas

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<v Speaker 3>to pause the war in Gaza has been finalized. That

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<v Speaker 3>suggests the truce will begin on Sunday. We get the

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<v Speaker 3>latest from Bloomberg's Oliver Crook in Tel Aviv.

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<v Speaker 4>On Sunday, you will begin the ceasefire. That means that

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<v Speaker 4>all the sort of fighting will be paused in Gaza

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<v Speaker 4>for six weeks. We understand that will also mean the

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<v Speaker 4>release of three female hostages to begin on Sunday. There's

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<v Speaker 4>a total of thirty three that would be released over

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<v Speaker 4>this sort of six week phase. Then you get three

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<v Speaker 4>or four hostages every sort of four or five.

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<v Speaker 3>Days over the next few weeks.

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<v Speaker 4>As that happens, prisoners will be returned from the Israeli

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<v Speaker 4>side to the Palestinian side. We understand those will be

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<v Speaker 4>by the hundreds, certainly over one thousand, and critically, the

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<v Speaker 4>troops will be progressively pulled out of the populated areas

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<v Speaker 4>of God and basically will be evacuated to the eastern

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<v Speaker 4>flank of the Strip, and it will also allow for

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<v Speaker 4>humanitarian aid to sort of come in at a much

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<v Speaker 4>larger pace than.

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<v Speaker 3>It has Bloomberg's Allikook and Tel Aviv, reports Natagnat, who's

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<v Speaker 3>ordered his security cabinets to meet to approve the truce.

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<v Speaker 3>That meeting is now underway.

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<v Speaker 2>Well, Nathan, the Supreme Court has signal that's ready to

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<v Speaker 2>rule as soon as today on the law that would

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<v Speaker 2>ban TikTok in the US unless it finds a new owner.

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<v Speaker 2>But even if the High Court upholds the ban, TikTok

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<v Speaker 2>could win a reprieve. We get more on that with

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<v Speaker 2>the Bloomberg's genis are ready.

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<v Speaker 5>The law calls for TikTok to shut down this Sunday

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<v Speaker 5>unless it's Chinese owner, by dance, lines up a buyer

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<v Speaker 5>for its US operations, But this Sunday falls before a

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<v Speaker 5>federal holiday in President elect Trump's inauguration, so Biden administration

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<v Speaker 5>officials say that essentially punts the issue to the next administration.

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<v Speaker 5>The law also allows for a ninety day extension if

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<v Speaker 5>a serious purchase negotiation is underway. Trump's incoming National Security

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<v Speaker 5>advisor says they'll find a way to keep the deadline going.

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<v Speaker 5>Democrats in the Senate have also entered who is to

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<v Speaker 5>build that would give TikTok another two hundred and seventy

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<v Speaker 5>days to reach a deal. Gina Cervetti Bloomberg Radio.

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<v Speaker 3>Well, Gina, thank you. As you mentioned, we are just

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<v Speaker 3>three days away from Donald Trump being sworn in for

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<v Speaker 3>his second term. Chinese President Shi Jinping will skip the

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<v Speaker 3>inauguration on Monday, but he's sending Vice President Han Jiang instead.

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<v Speaker 3>Nvidia CEO Jensen Wong is also expected to miss the inaugural.

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<v Speaker 3>Sources to say he's visiting East Asia this week, but

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<v Speaker 3>there will be plenty of high profile US technology leaders there.

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<v Speaker 3>They include Apple CEO Tim Cook, Amazon co founder Jeff Bezos,

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<v Speaker 3>as well as Elon musk.

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<v Speaker 2>Well Nathan, one of Trump's key cabinet pigs, is on

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<v Speaker 2>track to be confirmed. After a confirmation hearing that lasted

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<v Speaker 2>for hours. Treasury Secretary nominee Scott besst Warren lawmakers that

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<v Speaker 2>they must extend the twenty seventeen tax cuts or risk

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<v Speaker 2>an economic crisis, and Bloomberg's Amy Morris has more from Washington.

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<v Speaker 6>Besn't called extending the twenty seventeen tax cuts the single

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<v Speaker 6>most important economic issue of the day.

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<v Speaker 7>If we do not renew an extent, we will be

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<v Speaker 7>facing an economic calamity that falls on the middle and

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<v Speaker 7>working class people.

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<v Speaker 6>Hasn't told lawmakers that if Donald Trump wanted to get

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<v Speaker 6>rid of the debt limit, he would quote work with

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<v Speaker 6>him and you on that the United.

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<v Speaker 7>States is not going to default on its debt if

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<v Speaker 7>I'm confirmed.

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<v Speaker 6>And Besant told lawmakers he would support Russian oil sanctions.

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<v Speaker 7>I will be one hundred percent on board for taking

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<v Speaker 7>sanctions up, especially on the Russian oil majors, two levels

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<v Speaker 7>that would bring Russian Federation to the table.

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<v Speaker 6>And he said he respected the federal reserves independence over

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<v Speaker 6>monetary policy. In Washington, Amy Morris Bloomberg Radio, Amy.

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<v Speaker 3>Thank you, and President Electrump may also be close to

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<v Speaker 3>picking a new head of the Secret Service. CNN is

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<v Speaker 3>reporting he's expected to name his current Secret Service Detail leader,

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<v Speaker 3>Sean Current, to be the new director.

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<v Speaker 2>Well, Nick, and we're learning more about the government cyber

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<v Speaker 2>attack that the Treasury Department is blamed on Chinese state

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<v Speaker 2>sponsored hackers. Sources tell Bloomberg's the brand the breach when

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<v Speaker 2>as high within the agency as it could get. Treasury

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<v Speaker 2>Secretary Agenet Yellen's computer was said to be breached, along

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<v Speaker 2>with those of her two top lieutenants, Deputy Secretary Wally

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<v Speaker 2>Atayemo and Acting under Secretary Brad Smith. Our sources a

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<v Speaker 2>fewer than fifty of Yellen's files were accessed and nothing

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<v Speaker 2>classified was taken, but the hackers appeared to focus on

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<v Speaker 2>Treasury's role in sanctions, intelligence, and international affairs.

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<v Speaker 3>I want to turn out Karen to the latest on

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<v Speaker 3>the wildfires in Los Angeles, and right now it looks

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<v Speaker 3>like firefighters are making progress. Let's get the update now

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<v Speaker 3>from Bloomberg's John Tucker, John and Nathan.

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<v Speaker 8>The gusting wins that have rattled the region for more

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<v Speaker 8>than a week have now subsided, giving the firefighters a

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<v Speaker 8>much needed boost as they mop up hopspots. Forty thousand

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<v Speaker 8>acres have burned in two ferocious fires. Electricity, gas and

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<v Speaker 8>sewage lines they're wrecked, and there's toxic waste everywhere. There's

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<v Speaker 8>also a growing threat of hazardous mud slides. And if

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<v Speaker 8>that's not enough, the California Attorney General Rob Bonta Tael's

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<v Speaker 8>residents to beware of scammers.

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<v Speaker 9>Folks across the region are being preyed upon by greedy

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<v Speaker 9>businesses and landlords, scam artists, and predatory buyers looking to

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<v Speaker 9>make a quick buck off their pain. They are seeking

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<v Speaker 9>to revictimize the victims of the fires.

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<v Speaker 8>The two largest fires, the palle Stags and Eaten Fires.

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<v Speaker 8>They continue to burn, but fire crews are again making progress.

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<v Speaker 8>The death toll that's risen to twenty seven and the

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<v Speaker 8>search for the missing continues. On John Tucker Bloomberg Radio.

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<v Speaker 2>All Right, John, thank you well. A concert to raise

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<v Speaker 2>money for the Los Angeles wildfire victims will be held

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<v Speaker 2>on January thirtieth. It'll be broadcast on multiple streaming services

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<v Speaker 2>including Netflix, Amazon, and Apple, as well as in select

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<v Speaker 2>AMC theaters and on radio and music streaming sites. Billie Eilish,

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<v Speaker 2>Lady Yaga, and the Red Hot Chili Peppers are among

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<v Speaker 2>those expected to perform.

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<v Speaker 3>Let's turn now to space we have SpaceX launched its

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<v Speaker 3>Starship Rocket on its latest test flight, but the spacecraft

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<v Speaker 3>was destroyed following a thrilling booster catch back at the pad.

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<v Speaker 3>Elon Musk's company says Starship broke apart in what it

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<v Speaker 3>called a rapid unscheduled assembly. The spacecraft's six engines appeared

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<v Speaker 3>to shut down one by one during a cent with

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<v Speaker 3>contact loss just eight and a half minutes into the flight.

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<v Speaker 3>The spacecraft is a new and upgraded model making its debut.

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<v Speaker 3>It was packed with ten dummy satellites for practice at

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<v Speaker 3>releasing them. A minute before the loss, SpaceX used the

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<v Speaker 3>launch tower's giant mechanical arms to catch the returning booster.

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<v Speaker 3>That's a feat that's only been achieved once before.

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<v Speaker 2>Well, Nathan. We turned to the markets, and futures are

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<v Speaker 2>higher as we close out the trading week. Bank of

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<v Speaker 2>America says Donald Trump's returned to the White House will

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<v Speaker 2>likely protect stocks from a big sell off. The firm

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<v Speaker 2>strategists say investors will focus on Trump's protectionist agenda and

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<v Speaker 2>proposals for lower corporate taxes.

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<v Speaker 3>And Karen Bloomberg News has learned Rio Tinto and the

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<v Speaker 3>glen Core have conducted early stage talks around a merger.

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<v Speaker 3>A combination of these two would create a company larger

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<v Speaker 3>than industry leader BHP Group. And we get more from

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<v Speaker 3>Bloomberg's Paul Allen, this would be a behemoth. This is

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<v Speaker 3>the big one.

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<v Speaker 10>Rio Tinto's going to market cap of about one hundred

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<v Speaker 10>and three billion, Glenn Call's worth about fifty five billion,

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<v Speaker 10>and if you put those two together, yeah, you'd get

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<v Speaker 10>an entity that surpasses the world's biggest minu bhp. So

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<v Speaker 10>this would be a huge, huge deal, the biggest stay

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<v Speaker 10>ever in the mining space if it goes ahead.

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<v Speaker 3>Bloomberg's Paul Allen says the discussions took place as recently

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<v Speaker 3>as late last year, but are not currently active.

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<v Speaker 6>And it's time now for.

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<v Speaker 2>A look at some of the other stories making news

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<v Speaker 2>in New York and around the world. And for that

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<v Speaker 2>we're joined by Bloomberg's and Michael Barr Michael good Morning,

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<v Speaker 2>Good morning Karen.

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<v Speaker 11>New York Mayor Eric Adams, who is under a federal indictment.

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<v Speaker 11>We'll meet with Donald Trump at the president of a

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<v Speaker 11>Lex Mari Lago estate today. According to Adams aids, the

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<v Speaker 11>two men would discuss New Yorker's priorities. Trump has voiced

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<v Speaker 11>his support for Adams in the past, even saying he

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<v Speaker 11>would take a look at a possible pardon for him

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<v Speaker 11>if needed. Former New York City Mayor Rudy Giuliani will

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<v Speaker 11>keep his apartments and World Series rings a federal judge

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<v Speaker 11>in New York was set to decide whether Giuliani would

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<v Speaker 11>have to hand them over to two election workers who

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<v Speaker 11>sued him for defamation. Ruby Freeman and Shay Moss won

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<v Speaker 11>a one hundred and forty eight million dollar judgment against him.

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<v Speaker 11>In thursday surprise settlement, Giuliani agreed to provide the plaintiffs

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<v Speaker 11>with unspecified compensation and promised not to defame them again

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<v Speaker 11>outside the court. Giuliani's attorney, Joseph Camarata, stressed that the

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<v Speaker 11>settlement does not include an omission of guilt.

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<v Speaker 10>After long negotiations over the last seventy two hours from

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<v Speaker 10>going well into will be hours of the night, all parties.

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<v Speaker 2>Resar resolution this case for the satisfactory.

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<v Speaker 11>In old parties, Giuliani has already turned over many belongings

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<v Speaker 11>and the terms were not disclosed. His son, Andrew Giuliani, well, I.

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<v Speaker 10>Just want to say, as a son, as an American,

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<v Speaker 10>I'm so proud of my father to see what he's

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<v Speaker 10>been put through over the last four years.

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<v Speaker 11>Giuliani never showed up to court, and for several hours

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<v Speaker 11>it was a mystery as to why until his attorney

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<v Speaker 11>announced the settlement. Governor Cathy Hockle announced increased overnight security

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<v Speaker 11>on New York City subway trains.

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<v Speaker 12>We are deploying an additional to seven hundred and fifty NYPD,

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<v Speaker 12>and I want to bolster the police presence overnight.

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<v Speaker 11>Governor Hokel says it's part of a seventy seven million

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<v Speaker 11>dollar strategy that will also see three hundred more officers

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<v Speaker 11>on overnight trains. President Joe Biden will commute the sentences

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<v Speaker 11>of nearly twenty five hundred non violent drug offenders whose

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<v Speaker 11>sentences were longer than they receive under current standards. The

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<v Speaker 11>White House said in a statement this morning that the

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<v Speaker 11>list includes people who received longer sent says four offenses

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<v Speaker 11>related to crack cocaine as compared to powder cocaine. Global

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<v Speaker 11>News twenty four hours a day and whenever you want

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<v Speaker 11>it with Bloomberg News Now Michael Barr and this is Bloomberg.

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<v Speaker 2>Care Ray, Michael Barr, thank you time now for the

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<v Speaker 2>Bloomberg Sports update, brought to you by Try State Outye.

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<v Speaker 2>Here's John stash Hour, John, good morning.

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<v Speaker 13>Good morning care and the Ranger road trip ended at Utah.

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<v Speaker 13>Rangers trailed going to the third period, had not won

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<v Speaker 13>a game all season, went down after two, but they

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<v Speaker 13>scored three in the third and won five to three.

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<v Speaker 13>They're four to Zho to two in their last six games.

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<v Speaker 13>The Devil since winning six to seven, have lost seven

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<v Speaker 13>of nine. Got a point, but after leading three different times,

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<v Speaker 13>they fell at Toronto four to three in overtime at

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<v Speaker 13>Ubs Islanders beaten by Philadelphia five to three. The Capitals

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<v Speaker 13>won one nothing at Ottawa on an alex Sovechkin goal

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<v Speaker 13>in overtime. Big NBA game at Oklahoma City. The Thunder

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<v Speaker 13>lost to the Calves in Cleveland last week, but they

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<v Speaker 13>won this one one thirty four to one fourteen. OKAC

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<v Speaker 13>led by thirty eight going to the fourth quarter eight

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<v Speaker 13>Gilgess Alexander is the favorite right now to the NBA MVP.

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<v Speaker 13>He scored forty points. Both teams have the same record

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<v Speaker 13>thirty four and six. Nick Tonight it's Minnesota. The Nets

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<v Speaker 13>still in La where they just lost to the Clippers

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<v Speaker 13>by fifty nine. Tonight they faced the Lakers. Australian Open

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<v Speaker 13>third round wins for Carlos alcaaz Cooco Goff, women's top

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<v Speaker 13>seed Arena Sabalanka and Novak Djokovic is playing now and

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<v Speaker 13>he has a two set lead the Mets with a

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<v Speaker 13>resigning of a free agent. It's not Pete Alonzo, not

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<v Speaker 13>yet anyway. It's Jesse Winker, who they acquired at the

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<v Speaker 13>trade deadline. He helped them in their postseason run. Signed

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<v Speaker 13>for one year, nine million. Bob Uker passed away the

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<v Speaker 13>voice of his hometown Milwaukee Brewers for fifty four years.

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<v Speaker 13>Uker had in unspectacular playing career in the nineteen sixties,

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<v Speaker 13>a lifetime batting average of two hundred he joked about it,

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<v Speaker 13>and over one hundred appearances on The Tonight Show with

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<v Speaker 13>Johnny Carson, which led to Miller like commercials, the movie

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<v Speaker 13>Major League, and the sitcom Mister Belvedere. He was inducted

0:11:55.200 --> 0:11:57.199
<v Speaker 13>to the Broadcasters Winging the Hall of Fame in two

0:11:57.240 --> 0:11:58.240
<v Speaker 13>thousand and three.

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<v Speaker 14>It's been a great run, but number one has always

0:12:02.559 --> 0:12:03.439
<v Speaker 14>been baseball for me.

0:12:04.080 --> 0:12:05.679
<v Speaker 8>No matter what else I ever did.

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<v Speaker 14>Baseball was the only way I wanted to go.

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<v Speaker 13>You can, mister Baseball was mauns the actually that we're

0:12:12.600 --> 0:12:14.720
<v Speaker 13>Bloomberg Sports Karny.

0:12:16.400 --> 0:12:20.640
<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:12:20.720 --> 0:12:23.560
<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning. I'm Nathan Hager. A ceasefire deal in Gaza

0:12:29.800 --> 0:12:33.040
<v Speaker 3>may be back on track. Israeli Prime Minister Benjamin Natanyah,

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<v Speaker 3>who says an agreement has been finalized to pause the

0:12:35.400 --> 0:12:38.160
<v Speaker 3>fighting with Ikahamas for six weeks and his cabinet is

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<v Speaker 3>meeting now to vote on it. Joining us from Tel

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<v Speaker 3>Aviv for the latest Bloomberg News Israel Bureau Chief Ethan Bronner. Ethan,

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<v Speaker 3>thanks for being back here with us this morning. So

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<v Speaker 3>how do we expect this vote to go down?

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<v Speaker 14>Well, just to be clear, this is the Security Cabinet,

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<v Speaker 14>that's the inner group of eleven ministers out of thirty something.

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<v Speaker 14>It will pass there in the process of looking at

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<v Speaker 14>it now, there will be two votes against it, for sure.

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<v Speaker 14>These are the too far right ministers mo Church and

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<v Speaker 14>Ben Vere But I think they're the only ones who

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<v Speaker 14>are going to vote against it in this cabinet meeting today.

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<v Speaker 14>Then there will be a subsequent one later today or

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<v Speaker 14>on Saturday night of the entire cabinet. Also, no reason

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<v Speaker 14>to expect any problem. And then the expectation now is

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<v Speaker 14>that the process the very painful and long process of

0:13:27.920 --> 0:13:30.120
<v Speaker 14>these six weeks will begin on Sunday.

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<v Speaker 3>What is the objection from the far right ministers?

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<v Speaker 14>The far right is a very upset that the government has,

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<v Speaker 14>from their perspective, given up on goals that they had

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<v Speaker 14>said were not to be compromised, that is, to destroy

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<v Speaker 14>Hamas totally and not to let those who are in

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<v Speaker 14>Israeli prisons HAMAS members who have killed Israelis out back

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<v Speaker 14>into circulation. There are hundreds of them will go out,

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<v Speaker 14>and they will, the right says, and that's not a

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<v Speaker 14>crazy thought, go back into action and try again to

0:14:09.200 --> 0:14:11.880
<v Speaker 14>carry out violent acts against Israeli. So for them this

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<v Speaker 14>is a crazy thing and not worth the return of

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<v Speaker 14>the hostitgens.

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<v Speaker 3>In terms of how the ceasefire is expected to go,

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<v Speaker 3>what are we expecting? How is it to be enforced?

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<v Speaker 14>Well, I mean, I don't know if there's really an

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<v Speaker 14>important there's no sort of international enforcement measure. But you know,

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<v Speaker 14>in theory on Sunday when it begins, three hostages and

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<v Speaker 14>they may be dead or they may be living, we

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<v Speaker 14>don't know will be returned to Israel. We don't know

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<v Speaker 14>what time in exchange for some large number of Palestinian

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<v Speaker 14>prisoners who will be freed. It's thirty for a normal

0:14:51.760 --> 0:14:55.720
<v Speaker 14>quote unquote Israeli fifty for a female. So therefore I

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<v Speaker 14>can't give you the exact number that will happen. And

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<v Speaker 14>then the Israeli troops will start to to move out

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<v Speaker 14>of Rafach and Gaza City and the northern Gaza area

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<v Speaker 14>to the outskirts of the strip. And at the same time,

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<v Speaker 14>through I think several crossings, we'll see hundreds of trucks

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<v Speaker 14>of food and fuel and medicine and reconstruction materials begin

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<v Speaker 14>to go in.

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<v Speaker 3>And there is a big question of what comes after.

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<v Speaker 3>You mentioned the objections from the far right ministers, but

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<v Speaker 3>once the ceasefire is over, there's still going to be

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<v Speaker 3>a dozens of hostages remaining. So what does come next?

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<v Speaker 12>Potentially you think about thirty seconds, okay, So look on

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<v Speaker 12>the sixteenth day of this deal, they begin to negotiate

0:15:37.280 --> 0:15:41.000
<v Speaker 12>the second phase, and in theory it's about ending the

0:15:41.040 --> 0:15:43.920
<v Speaker 12>war and that's something that the far right is opposed

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<v Speaker 12>to and the sum on the NASO.

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<v Speaker 14>Far right are opposed to as well. So the likelihood

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<v Speaker 14>of breaking down after six weeks is high.

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<v Speaker 2>This is Bloombery Daybreak, your morning podcast, and the stories

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