Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with the latest developments in the Middle East.
Speaker 3: Israeli Prime Minister Benjamin NETANYAHUO says an agreement with Hamas
Speaker 3: to pause the war in Gaza has been finalized. That
Speaker 3: suggests the truce will begin on Sunday. We get the
Speaker 3: latest from Bloomberg's Oliver Crook in Tel Aviv.
Speaker 4: On Sunday, you will begin the ceasefire. That means that
Speaker 4: all the sort of fighting will be paused in Gaza
Speaker 4: for six weeks. We understand that will also mean the
Speaker 4: release of three female hostages to begin on Sunday. There's
Speaker 4: a total of thirty three that would be released over
Speaker 4: this sort of six week phase. Then you get three
Speaker 4: or four hostages every sort of four or five.
Speaker 3: Days over the next few weeks.
Speaker 4: As that happens, prisoners will be returned from the Israeli
Speaker 4: side to the Palestinian side. We understand those will be
Speaker 4: by the hundreds, certainly over one thousand, and critically, the
Speaker 4: troops will be progressively pulled out of the populated areas
Speaker 4: of God and basically will be evacuated to the eastern
Speaker 4: flank of the Strip, and it will also allow for
Speaker 4: humanitarian aid to sort of come in at a much
Speaker 4: larger pace than.
Speaker 3: It has Bloomberg's Allikook and Tel Aviv, reports Natagnat, who's
Speaker 3: ordered his security cabinets to meet to approve the truce.
Speaker 3: That meeting is now underway.
Speaker 2: Well, Nathan, the Supreme Court has signal that's ready to
Speaker 2: rule as soon as today on the law that would
Speaker 2: ban TikTok in the US unless it finds a new owner.
Speaker 2: But even if the High Court upholds the ban, TikTok
Speaker 2: could win a reprieve. We get more on that with
Speaker 2: the Bloomberg's genis are ready.
Speaker 5: The law calls for TikTok to shut down this Sunday
Speaker 5: unless it's Chinese owner, by dance, lines up a buyer
Speaker 5: for its US operations, But this Sunday falls before a
Speaker 5: federal holiday in President elect Trump's inauguration, so Biden administration
Speaker 5: officials say that essentially punts the issue to the next administration.
Speaker 5: The law also allows for a ninety day extension if
Speaker 5: a serious purchase negotiation is underway. Trump's incoming National Security
Speaker 5: advisor says they'll find a way to keep the deadline going.
Speaker 5: Democrats in the Senate have also entered who is to
Speaker 5: build that would give TikTok another two hundred and seventy
Speaker 5: days to reach a deal. Gina Cervetti Bloomberg Radio.
Speaker 3: Well, Gina, thank you. As you mentioned, we are just
Speaker 3: three days away from Donald Trump being sworn in for
Speaker 3: his second term. Chinese President Shi Jinping will skip the
Speaker 3: inauguration on Monday, but he's sending Vice President Han Jiang instead.
Speaker 3: Nvidia CEO Jensen Wong is also expected to miss the inaugural.
Speaker 3: Sources to say he's visiting East Asia this week, but
Speaker 3: there will be plenty of high profile US technology leaders there.
Speaker 3: They include Apple CEO Tim Cook, Amazon co founder Jeff Bezos,
Speaker 3: as well as Elon musk.
Speaker 2: Well Nathan, one of Trump's key cabinet pigs, is on
Speaker 2: track to be confirmed. After a confirmation hearing that lasted
Speaker 2: for hours. Treasury Secretary nominee Scott besst Warren lawmakers that
Speaker 2: they must extend the twenty seventeen tax cuts or risk
Speaker 2: an economic crisis, and Bloomberg's Amy Morris has more from Washington.
Speaker 6: Besn't called extending the twenty seventeen tax cuts the single
Speaker 6: most important economic issue of the day.
Speaker 7: If we do not renew an extent, we will be
Speaker 7: facing an economic calamity that falls on the middle and
Speaker 7: working class people.
Speaker 6: Hasn't told lawmakers that if Donald Trump wanted to get
Speaker 6: rid of the debt limit, he would quote work with
Speaker 6: him and you on that the United.
Speaker 7: States is not going to default on its debt if
Speaker 7: I'm confirmed.
Speaker 6: And Besant told lawmakers he would support Russian oil sanctions.
Speaker 7: I will be one hundred percent on board for taking
Speaker 7: sanctions up, especially on the Russian oil majors, two levels
Speaker 7: that would bring Russian Federation to the table.
Speaker 6: And he said he respected the federal reserves independence over
Speaker 6: monetary policy. In Washington, Amy Morris Bloomberg Radio, Amy.
Speaker 3: Thank you, and President Electrump may also be close to
Speaker 3: picking a new head of the Secret Service. CNN is
Speaker 3: reporting he's expected to name his current Secret Service Detail leader,
Speaker 3: Sean Current, to be the new director.
Speaker 2: Well, Nick, and we're learning more about the government cyber
Speaker 2: attack that the Treasury Department is blamed on Chinese state
Speaker 2: sponsored hackers. Sources tell Bloomberg's the brand the breach when
Speaker 2: as high within the agency as it could get. Treasury
Speaker 2: Secretary Agenet Yellen's computer was said to be breached, along
Speaker 2: with those of her two top lieutenants, Deputy Secretary Wally
Speaker 2: Atayemo and Acting under Secretary Brad Smith. Our sources a
Speaker 2: fewer than fifty of Yellen's files were accessed and nothing
Speaker 2: classified was taken, but the hackers appeared to focus on
Speaker 2: Treasury's role in sanctions, intelligence, and international affairs.
Speaker 3: I want to turn out Karen to the latest on
Speaker 3: the wildfires in Los Angeles, and right now it looks
Speaker 3: like firefighters are making progress. Let's get the update now
Speaker 3: from Bloomberg's John Tucker, John and Nathan.
Speaker 8: The gusting wins that have rattled the region for more
Speaker 8: than a week have now subsided, giving the firefighters a
Speaker 8: much needed boost as they mop up hopspots. Forty thousand
Speaker 8: acres have burned in two ferocious fires. Electricity, gas and
Speaker 8: sewage lines they're wrecked, and there's toxic waste everywhere. There's
Speaker 8: also a growing threat of hazardous mud slides. And if
Speaker 8: that's not enough, the California Attorney General Rob Bonta Tael's
Speaker 8: residents to beware of scammers.
Speaker 9: Folks across the region are being preyed upon by greedy
Speaker 9: businesses and landlords, scam artists, and predatory buyers looking to
Speaker 9: make a quick buck off their pain. They are seeking
Speaker 9: to revictimize the victims of the fires.
Speaker 8: The two largest fires, the palle Stags and Eaten Fires.
Speaker 8: They continue to burn, but fire crews are again making progress.
Speaker 8: The death toll that's risen to twenty seven and the
Speaker 8: search for the missing continues. On John Tucker Bloomberg Radio.
Speaker 2: All Right, John, thank you well. A concert to raise
Speaker 2: money for the Los Angeles wildfire victims will be held
Speaker 2: on January thirtieth. It'll be broadcast on multiple streaming services
Speaker 2: including Netflix, Amazon, and Apple, as well as in select
Speaker 2: AMC theaters and on radio and music streaming sites. Billie Eilish,
Speaker 2: Lady Yaga, and the Red Hot Chili Peppers are among
Speaker 2: those expected to perform.
Speaker 3: Let's turn now to space we have SpaceX launched its
Speaker 3: Starship Rocket on its latest test flight, but the spacecraft
Speaker 3: was destroyed following a thrilling booster catch back at the pad.
Speaker 3: Elon Musk's company says Starship broke apart in what it
Speaker 3: called a rapid unscheduled assembly. The spacecraft's six engines appeared
Speaker 3: to shut down one by one during a cent with
Speaker 3: contact loss just eight and a half minutes into the flight.
Speaker 3: The spacecraft is a new and upgraded model making its debut.
Speaker 3: It was packed with ten dummy satellites for practice at
Speaker 3: releasing them. A minute before the loss, SpaceX used the
Speaker 3: launch tower's giant mechanical arms to catch the returning booster.
Speaker 3: That's a feat that's only been achieved once before.
Speaker 2: Well, Nathan. We turned to the markets, and futures are
Speaker 2: higher as we close out the trading week. Bank of
Speaker 2: America says Donald Trump's returned to the White House will
Speaker 2: likely protect stocks from a big sell off. The firm
Speaker 2: strategists say investors will focus on Trump's protectionist agenda and
Speaker 2: proposals for lower corporate taxes.
Speaker 3: And Karen Bloomberg News has learned Rio Tinto and the
Speaker 3: glen Core have conducted early stage talks around a merger.
Speaker 3: A combination of these two would create a company larger
Speaker 3: than industry leader BHP Group. And we get more from
Speaker 3: Bloomberg's Paul Allen, this would be a behemoth. This is
Speaker 3: the big one.
Speaker 10: Rio Tinto's going to market cap of about one hundred
Speaker 10: and three billion, Glenn Call's worth about fifty five billion,
Speaker 10: and if you put those two together, yeah, you'd get
Speaker 10: an entity that surpasses the world's biggest minu bhp. So
Speaker 10: this would be a huge, huge deal, the biggest stay
Speaker 10: ever in the mining space if it goes ahead.
Speaker 3: Bloomberg's Paul Allen says the discussions took place as recently
Speaker 3: as late last year, but are not currently active.
Speaker 6: And it's time now for.
Speaker 2: A look at some of the other stories making news
Speaker 2: in New York and around the world. And for that
Speaker 2: we're joined by Bloomberg's and Michael Barr Michael good Morning,
Speaker 2: Good morning Karen.
Speaker 11: New York Mayor Eric Adams, who is under a federal indictment.
Speaker 11: We'll meet with Donald Trump at the president of a
Speaker 11: Lex Mari Lago estate today. According to Adams aids, the
Speaker 11: two men would discuss New Yorker's priorities. Trump has voiced
Speaker 11: his support for Adams in the past, even saying he
Speaker 11: would take a look at a possible pardon for him
Speaker 11: if needed. Former New York City Mayor Rudy Giuliani will
Speaker 11: keep his apartments and World Series rings a federal judge
Speaker 11: in New York was set to decide whether Giuliani would
Speaker 11: have to hand them over to two election workers who
Speaker 11: sued him for defamation. Ruby Freeman and Shay Moss won
Speaker 11: a one hundred and forty eight million dollar judgment against him.
Speaker 11: In thursday surprise settlement, Giuliani agreed to provide the plaintiffs
Speaker 11: with unspecified compensation and promised not to defame them again
Speaker 11: outside the court. Giuliani's attorney, Joseph Camarata, stressed that the
Speaker 11: settlement does not include an omission of guilt.
Speaker 10: After long negotiations over the last seventy two hours from
Speaker 10: going well into will be hours of the night, all parties.
Speaker 2: Resar resolution this case for the satisfactory.
Speaker 11: In old parties, Giuliani has already turned over many belongings
Speaker 11: and the terms were not disclosed. His son, Andrew Giuliani, well, I.
Speaker 10: Just want to say, as a son, as an American,
Speaker 10: I'm so proud of my father to see what he's
Speaker 10: been put through over the last four years.
Speaker 11: Giuliani never showed up to court, and for several hours
Speaker 11: it was a mystery as to why until his attorney
Speaker 11: announced the settlement. Governor Cathy Hockle announced increased overnight security
Speaker 11: on New York City subway trains.
Speaker 12: We are deploying an additional to seven hundred and fifty NYPD,
Speaker 12: and I want to bolster the police presence overnight.
Speaker 11: Governor Hokel says it's part of a seventy seven million
Speaker 11: dollar strategy that will also see three hundred more officers
Speaker 11: on overnight trains. President Joe Biden will commute the sentences
Speaker 11: of nearly twenty five hundred non violent drug offenders whose
Speaker 11: sentences were longer than they receive under current standards. The
Speaker 11: White House said in a statement this morning that the
Speaker 11: list includes people who received longer sent says four offenses
Speaker 11: related to crack cocaine as compared to powder cocaine. Global
Speaker 11: News twenty four hours a day and whenever you want
Speaker 11: it with Bloomberg News Now Michael Barr and this is Bloomberg.
Speaker 2: Care Ray, Michael Barr, thank you time now for the
Speaker 2: Bloomberg Sports update, brought to you by Try State Outye.
Speaker 2: Here's John stash Hour, John, good morning.
Speaker 13: Good morning care and the Ranger road trip ended at Utah.
Speaker 13: Rangers trailed going to the third period, had not won
Speaker 13: a game all season, went down after two, but they
Speaker 13: scored three in the third and won five to three.
Speaker 13: They're four to Zho to two in their last six games.
Speaker 13: The Devil since winning six to seven, have lost seven
Speaker 13: of nine. Got a point, but after leading three different times,
Speaker 13: they fell at Toronto four to three in overtime at
Speaker 13: Ubs Islanders beaten by Philadelphia five to three. The Capitals
Speaker 13: won one nothing at Ottawa on an alex Sovechkin goal
Speaker 13: in overtime. Big NBA game at Oklahoma City. The Thunder
Speaker 13: lost to the Calves in Cleveland last week, but they
Speaker 13: won this one one thirty four to one fourteen. OKAC
Speaker 13: led by thirty eight going to the fourth quarter eight
Speaker 13: Gilgess Alexander is the favorite right now to the NBA MVP.
Speaker 13: He scored forty points. Both teams have the same record
Speaker 13: thirty four and six. Nick Tonight it's Minnesota. The Nets
Speaker 13: still in La where they just lost to the Clippers
Speaker 13: by fifty nine. Tonight they faced the Lakers. Australian Open
Speaker 13: third round wins for Carlos alcaaz Cooco Goff, women's top
Speaker 13: seed Arena Sabalanka and Novak Djokovic is playing now and
Speaker 13: he has a two set lead the Mets with a
Speaker 13: resigning of a free agent. It's not Pete Alonzo, not
Speaker 13: yet anyway. It's Jesse Winker, who they acquired at the
Speaker 13: trade deadline. He helped them in their postseason run. Signed
Speaker 13: for one year, nine million. Bob Uker passed away the
Speaker 13: voice of his hometown Milwaukee Brewers for fifty four years.
Speaker 13: Uker had in unspectacular playing career in the nineteen sixties,
Speaker 13: a lifetime batting average of two hundred he joked about it,
Speaker 13: and over one hundred appearances on The Tonight Show with
Speaker 13: Johnny Carson, which led to Miller like commercials, the movie
Speaker 13: Major League, and the sitcom Mister Belvedere. He was inducted
Speaker 13: to the Broadcasters Winging the Hall of Fame in two
Speaker 13: thousand and three.
Speaker 14: It's been a great run, but number one has always
Speaker 14: been baseball for me.
Speaker 8: No matter what else I ever did.
Speaker 14: Baseball was the only way I wanted to go.
Speaker 13: You can, mister Baseball was mauns the actually that we're
Speaker 13: Bloomberg Sports Karny.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 3: Good morning. I'm Nathan Hager. A ceasefire deal in Gaza
Speaker 3: may be back on track. Israeli Prime Minister Benjamin Natanyah,
Speaker 3: who says an agreement has been finalized to pause the
Speaker 3: fighting with Ikahamas for six weeks and his cabinet is
Speaker 3: meeting now to vote on it. Joining us from Tel
Speaker 3: Aviv for the latest Bloomberg News Israel Bureau Chief Ethan Bronner. Ethan,
Speaker 3: thanks for being back here with us this morning. So
Speaker 3: how do we expect this vote to go down?
Speaker 14: Well, just to be clear, this is the Security Cabinet,
Speaker 14: that's the inner group of eleven ministers out of thirty something.
Speaker 14: It will pass there in the process of looking at
Speaker 14: it now, there will be two votes against it, for sure.
Speaker 14: These are the too far right ministers mo Church and
Speaker 14: Ben Vere But I think they're the only ones who
Speaker 14: are going to vote against it in this cabinet meeting today.
Speaker 14: Then there will be a subsequent one later today or
Speaker 14: on Saturday night of the entire cabinet. Also, no reason
Speaker 14: to expect any problem. And then the expectation now is
Speaker 14: that the process the very painful and long process of
Speaker 14: these six weeks will begin on Sunday.
Speaker 3: What is the objection from the far right ministers?
Speaker 14: The far right is a very upset that the government has,
Speaker 14: from their perspective, given up on goals that they had
Speaker 14: said were not to be compromised, that is, to destroy
Speaker 14: Hamas totally and not to let those who are in
Speaker 14: Israeli prisons HAMAS members who have killed Israelis out back
Speaker 14: into circulation. There are hundreds of them will go out,
Speaker 14: and they will, the right says, and that's not a
Speaker 14: crazy thought, go back into action and try again to
Speaker 14: carry out violent acts against Israeli. So for them this
Speaker 14: is a crazy thing and not worth the return of
Speaker 14: the hostitgens.
Speaker 3: In terms of how the ceasefire is expected to go,
Speaker 3: what are we expecting? How is it to be enforced?
Speaker 14: Well, I mean, I don't know if there's really an
Speaker 14: important there's no sort of international enforcement measure. But you know,
Speaker 14: in theory on Sunday when it begins, three hostages and
Speaker 14: they may be dead or they may be living, we
Speaker 14: don't know will be returned to Israel. We don't know
Speaker 14: what time in exchange for some large number of Palestinian
Speaker 14: prisoners who will be freed. It's thirty for a normal
Speaker 14: quote unquote Israeli fifty for a female. So therefore I
Speaker 14: can't give you the exact number that will happen. And
Speaker 14: then the Israeli troops will start to to move out
Speaker 14: of Rafach and Gaza City and the northern Gaza area
Speaker 14: to the outskirts of the strip. And at the same time,
Speaker 14: through I think several crossings, we'll see hundreds of trucks
Speaker 14: of food and fuel and medicine and reconstruction materials begin
Speaker 14: to go in.
Speaker 3: And there is a big question of what comes after.
Speaker 3: You mentioned the objections from the far right ministers, but
Speaker 3: once the ceasefire is over, there's still going to be
Speaker 3: a dozens of hostages remaining. So what does come next?
Speaker 12: Potentially you think about thirty seconds, okay, So look on
Speaker 12: the sixteenth day of this deal, they begin to negotiate
Speaker 12: the second phase, and in theory it's about ending the
Speaker 12: war and that's something that the far right is opposed
Speaker 12: to and the sum on the NASO.
Speaker 14: Far right are opposed to as well. So the likelihood
Speaker 14: of breaking down after six weeks is high.
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