Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 3: We begin with the fight for Ukraine funding in Washington.
Speaker 3: Ukraine's President Vladimir Zelenski was in the nation's capital yesterday
Speaker 3: pleading with lawmakers to approve sixty one billion dollars in
Speaker 3: aid for his war effort against Russia, but he left
Speaker 3: with no clear commitment. President Zelenski says any delays in
Speaker 3: extra funding benefit Putin and threatened the rest of the world.
Speaker 4: And this moto resonates not only in our country, not
Speaker 4: only in our hearts, not only in Ukraine, but also
Speaker 4: in Poland and Baltic States, Moldova and others. When freedom
Speaker 4: is strong in one country, it is strong everywhere.
Speaker 3: President Zelenski spoke alongside President Biden, who vowed the US
Speaker 3: will come through to stop Vladimir Putin.
Speaker 5: Today Ukraine's freedom is on the line. But if we
Speaker 5: don't stop Putin andlling danger the freedom of everyone almost everywhere,
Speaker 5: pun will keeping and would be aggressors everywhere will be
Speaker 5: emboldened to try to take what they can by force.
Speaker 3: The President Biden says Congress must pass supplemental funding for Ukraine,
Speaker 3: but that support is stalled. Congressional Republicans are demanding support
Speaker 3: for border security as part of any deal. Meanwhile, a
Speaker 3: Russian missile attack on Ukraine's capital, Kiev this morning has
Speaker 3: left dozens injured.
Speaker 2: Well, Nathan, we're also closely following the ongoing war between
Speaker 2: Israel and Hamas, and we're seeing a divide on that front.
Speaker 2: There is a split in thinking between the US and Israel,
Speaker 2: and it's made its way into public view and Bloomberg's
Speaker 2: and Baxter joins us with that story.
Speaker 6: President Biden very openly saying that Prime Minister Netanya, who
Speaker 6: has to change our risk losing international support. He's referring
Speaker 6: to two things. First that after the war, Israel must
Speaker 6: be thinking about accepting the Palestinian authority and second, in
Speaker 6: the way in which the war is currently prosecuted.
Speaker 5: Attempting to do everything possible to prevent innocent palace to
Speaker 5: the incidents from being being hurt murdered, kil.
Speaker 6: Lost that Yahoo in response, says he will not accept
Speaker 6: Palo standing authority rule. Meanwhile, the UN General Assembly has
Speaker 6: voted a call for US cease fire at Baxter Bloomberg Radio.
Speaker 3: Okay and thank you. Meanwhile, House Republicans plan to vote
Speaker 3: today on formalizing their ongoing impeachment inquiry into President Biden.
Speaker 3: The move will force lawmakers to take a public position
Speaker 3: on the investigations. Speaker Mike Johnson says formal approval will
Speaker 3: help him enforce subpoenas for the House committees that are
Speaker 3: investigating Biden family businesses.
Speaker 2: Well. Turning to the economy, now, Nathan, all eyes are
Speaker 2: on inflation and the Fed. Today we get the Producer
Speaker 2: Price Index at eight thirty Wall Street time. Then this
Speaker 2: afternoon we hear from Fed Chair j Powell after the
Speaker 2: Federal Reserve makes its final interest rate decision of twenty
Speaker 2: twenty three. Dana Peterson, chief economist at the Conference Board,
Speaker 2: thinks the Fed's done hiking rates, but may only cut
Speaker 2: rates a couple times next year.
Speaker 7: We think anywhere from fifty two hundred basis points makes sense,
Speaker 7: especially if inflation, according to the SEP, doesn't get beyond
Speaker 7: two percent before the end of next year.
Speaker 2: The Conference Boards Dana Peterson thinks the Federal Reserve will
Speaker 2: reach its goal of two percent inflation, it can't cut
Speaker 2: rates too much in twenty twenty four and follow Bloomberg
Speaker 2: all day for coverage of the FED decision. Live coverage
Speaker 2: begins ahead of J. Powell's or marked with a special
Speaker 2: edition of Bloomberg Surveillance at one thirty Wall Street time
Speaker 2: on Bloomberg Radio and Television.
Speaker 3: In Company News this morning, Karen elon Musk's X, the
Speaker 3: social network formerly known as Twitter, is set to bring
Speaker 3: in roughly two and a half billion dollars in ad
Speaker 3: revenue in twenty twenty three. Bloomberg Tech reporter Kurt Wagner
Speaker 3: says this is a significant slump from prior years. He
Speaker 3: thinks Musk's personal tweets are scaring off advertisers.
Speaker 8: Musk seems to not really be aware that his own
Speaker 8: behavior is having this dramatic impact, or if he is,
Speaker 8: he just simply doesn't care. But I think that's really
Speaker 8: the issue, more than anything, is that he's not really
Speaker 8: giving advertisers a good enough reason to come back.
Speaker 3: Bloomberg's Kurt Wagner says AD dollars account for seventy to
Speaker 3: seventy five percent of excess total revenue.
Speaker 2: Elsewhere in tech, Nathan Netflix yesterday released global midyear viewer
Speaker 2: data for every title on its service. It's the first
Speaker 2: of what the streaming Giants said will be regular reports
Speaker 2: as it looks to increased disclosure of audience and data.
Speaker 2: The Night Agent took the number one spot, followed by
Speaker 2: Ginny and Georgia and The Glory.
Speaker 3: Turning overseas to Dubai. Karen cop twenty eight climate talks
Speaker 3: have ended in a deal that's seeing a commitment to
Speaker 3: transition away from all fossil fuels for the first time,
Speaker 3: the president of this year's summit broker to compromise with
Speaker 3: the US and European Union, agreeing to dramatically curb fossil
Speaker 3: fuel use while bringing Saudi Arabia and other oil producers
Speaker 3: on board. This outcome breaks new ground. No previous COP
Speaker 3: text has mentioned fully moving away from oil and gas.
Speaker 2: And Nathan, we also have economic news across the globe
Speaker 2: this morning. In the UK, GDP figures shrank more than expected.
Speaker 2: Bloombergs U and Pods joins US live from London with
Speaker 2: the Good Morning Ewan.
Speaker 9: Good Morning Kardon, Nathan. UK GDP shrank zero point three
Speaker 9: percent in October, following a gain of zero point two
Speaker 9: percent in the previous month. The drop was the first
Speaker 9: since July and worse than economists forecasts. It marks a
Speaker 9: sharp reversal from slightly better than expected figures for much
Speaker 9: of this year, and ads to the impression that Britain
Speaker 9: is stuck in a long running period of stagnation. The
Speaker 9: Bank of England makes its policy decision tomorrow. Traders have
Speaker 9: been ramping up bets for rate cuts next year. In London,
Speaker 9: I'm you in pots Bloomberg Radio, Are you and thank
Speaker 9: you well?
Speaker 2: Elsewhere overseas, Argentina has devalued the peso by fifty four percent.
Speaker 2: In the country's economy minister announced massive public spending cuts.
Speaker 2: Then moves are part of new President Javier Malay's shock
Speaker 2: therapy program for the country's economy, which is battling an
Speaker 2: inflation rate north of one hundred and forty percent. And
Speaker 2: it's time to over look at some of the other
Speaker 2: stories making news around the world. And for that we're
Speaker 2: joined by Bloomberg's John Tucker, John Good Morning.
Speaker 10: Six weeks before the state's pivotal first in the Nation primary,
Speaker 10: New Hampshire Governor Chris Snuno has endorsed Republican presidential candidate
Speaker 10: Nikki Haley. He's message for GOP front runner Donald Trump,
Speaker 10: thank you for your service. We're moving on Snuno's backing
Speaker 10: of Haley comes a month after Iowa Governor Kim Reynolds
Speaker 10: endorsed Ron DeSantis for president ahead of that states first
Speaker 10: in the nation caucuses. Haley on Tuesday kicked off a
Speaker 10: three day campaign swing through New Hampshire. New York's highest
Speaker 10: court has ordered the state to redraw its congressional map.
Speaker 10: This delivers a ruling that offers Democrats a new weapon
Speaker 10: to rest control of the House from Republicans next year.
Speaker 10: The decision could have far reaching implications in reshaping the House.
Speaker 10: New York Democrats widely expected to use the opening to
Speaker 10: try to shift two to six Republican held swing districts
Speaker 10: the President Biden won from Long Island to Syracuse. Kroger
Speaker 10: is ordering thousands of workers back to the office for
Speaker 10: the majority of the work week starting early next year.
Speaker 10: That story in this report from Bloomberg's Charlie Penllett.
Speaker 11: The Cincinnati based company is the largest American operator of
Speaker 11: traditional supermarkets, and it has informed employees with the option
Speaker 11: of working remotely that beginning February fifth, they have to
Speaker 11: be present three to four days a week. That is
Speaker 11: an increase from the previous guidance of two days a
Speaker 11: week from June of twenty twenty one. The mandate will
Speaker 11: effect about fifty eight hundred employees in and around Cincinnati,
Speaker 11: as well as in Charlotte, North Carolina, Portland, Oregon, San Jose, California,
Speaker 11: Boca Raton, Florida, and Chicago. In New York Charlie Pellett
Speaker 11: Bloomberg Radio.
Speaker 10: The University of Pennsylvania appointed the dean of its medical
Speaker 10: school as the interim president to replace Liz McGill, who
Speaker 10: resigned after an opera over anti semitism on campus. Jay
Speaker 10: Larry Jamison will lead the Ivy League school, effected immediately
Speaker 10: into a new president is named McGill and Bord chair
Speaker 10: Scott Bach resigned December ninth after coming under intense pressure
Speaker 10: from alumni, donors, and lawmakers. Global news twenty four hours
Speaker 10: a day and whenever you want it with Bloomberg News. Now.
Speaker 10: I'm John Tucker, and this is Bloomberg Karen.
Speaker 2: All right, John, thank you well. We do bring you
Speaker 2: news throughout the day right here on Bloomberg Radio. But
Speaker 2: now you can get the latest news on demand, and
Speaker 2: that means whenever you wantd it. Just like John said,
Speaker 2: you can subscribe to Bloomberg News Now. It's not easy,
Speaker 2: and you get the latest headlines of a click of
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Speaker 2: That means you can listen and subscribe to Bloomberg News
Speaker 2: Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,
Speaker 2: and anywhere else you get your podcasts. And it's time
Speaker 2: now for the Bloomberg Sports Update with John stash Hour.
Speaker 2: And we're going to go to John right now. John
Speaker 2: stash Hour, Here.
Speaker 10: You go, Karen.
Speaker 12: It is still early in the NBA season with already
Speaker 12: the Warrior Draymond Green has been ejected from a game
Speaker 12: three different times. Happens last night in Phoenix when Draymond
Speaker 12: hit the Sun's use of Nurcic in the head. Draymond
Speaker 12: did apologize after the game, but said the hit was unintentional.
Speaker 12: The Sons beat the Warriors one nineteen one sixteen. Devin
Speaker 12: Brokers scored thirty two. Bradley Beeal back in the Phoenix lineup.
Speaker 12: He's been out the last nineteen games they played last
Speaker 12: night without Kevin Durant. Celtics now eleven I at home.
Speaker 12: Jayson Tatum scored twenty five and a one twenty one
Speaker 12: thirteen win over Cleveland. Denver won at Chicago won fourteen
Speaker 12: one oh six, despite the Nuggets star in Nikola joki
Speaker 12: Is getting ejected late second quarter. The Stars were out
Speaker 12: in Dallas. Lebron James scored thirty three, but so did
Speaker 12: Luka Don says he had seventeen assistantspite playing with a
Speaker 12: bad back. The MAVs topped the Lakers by two. The
Speaker 12: Clippers beat the Kings by twenty. Duke at eighty nine
Speaker 12: sixty eight win over Hastra in college hoops. The NFL
Speaker 12: game tomorrow is the Chargers and the Raiders, and the
Speaker 12: Chargers quarterback will be Easton Stick, a relative unknown out
Speaker 12: of North Dakota State. Justin Herbert has a broken finger.
Speaker 12: He's happy surgery, he's done for the year, and a
Speaker 12: quarterback change in Minnesota or Joshua Dobbs had done well
Speaker 12: since the Vikings acquired him following the season ending loss
Speaker 12: to Kirk Cousins, but Dobbs has struggled lately. Nick Mullins
Speaker 12: will be the starter for the Vikings Saturday against Cincinnati.
Speaker 12: The Giants have signed a Korean outfielder, Young Hu Lead
Speaker 12: of a six year contract. John Stashedwer Bloomberg Sports.
Speaker 13: From coast to coast, from New York to San Francisco,
Speaker 13: Boston to Washington, d C. Nationwide on Syrias Exam, the
Speaker 13: Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager. Geopolitics has turned a lot
Speaker 3: more complicated for both the wars in Ukraine and the
Speaker 3: Middle East. Ukrainian President Vladimir Zelenski has moved on to
Speaker 3: Scandinavia this morning, has bid to drummer more support for
Speaker 3: his country's fight against Russia from Washington, d C has
Speaker 3: come up mostly empty handed, and the question of what
Speaker 3: comes after Israel's war with Hamas in Gaza has opened
Speaker 3: up a rift between President Biden and Israeli Prime Minister
Speaker 3: Benjamin Natan Yahoo that is turning more and more public.
Speaker 3: All issues we're going to discuss now with Rosalind Mathison,
Speaker 3: Bloomberg Goose Director for Europe, the Middle East and Africa.
Speaker 3: Good to speak with you, Roz this morning. I understand
Speaker 3: from warsaw so the war in Ukraine is certainly much
Speaker 3: of a focus for you today. I mean, it's really
Speaker 3: interesting to think about how much has changed in just
Speaker 3: a year when Zelenski got this rock star reception in Washington,
Speaker 3: D C. This week, not so much.
Speaker 14: Well, that's right, it was actually for anything. It just
Speaker 14: reinforced the struggles that are going on for Ukraine to
Speaker 14: get further commitments of aid, be it financial aid or
Speaker 14: military aid. I mean the previous trips he's done to
Speaker 14: the US, as you said, almost treated like a rock
Speaker 14: star and other parts of the world, addressing parliaments, RAUCUS
Speaker 14: crowds and so on. And now you know more and
Speaker 14: more that the conversation is turning tricky. The red carpet
Speaker 14: is thinning out. The US President is clearly trying very
Speaker 14: hard to get something done for Ukraine before the end
Speaker 14: of the year in terms of funding and appearing together
Speaker 14: as you said yesterday and in Washington in that regard,
Speaker 14: but it only again highlighted that Congress is pretty much
Speaker 14: stuck and saying no, we're very unlikely to produce this
Speaker 14: aid before the end of the year. And then, of
Speaker 14: course you get further into the US election cycle and
Speaker 14: becomes even more complicated. And over in Brussels, EU leaders
Speaker 14: are meeting from tomorrow. They're gathering later today to also
Speaker 14: discuss whether they can unlock further aid for Ukraine, and
Speaker 14: that's very much bogged down because of objections from countries
Speaker 14: including Hungary. So what you've got is a picture where
Speaker 14: Ukraine's going into another winter, the war is soon going
Speaker 14: to enter its third year, and nothing really is moving
Speaker 14: for Ukraine on any of these fronts.
Speaker 3: Well, what could it mean for Ukraine if it's unable
Speaker 3: to unlock this aid from the US and from Europe,
Speaker 3: What could it mean for conditions on the ground. I mean,
Speaker 3: we've seen this work pretty much move into a stalemate
Speaker 3: at this point.
Speaker 14: Well, that's right, and of course there's now talk of
Speaker 14: what can there be a different spring offensive in the
Speaker 14: next spring, and for that they would need those weapons.
Speaker 14: But certainly the fighting is moving very slowly on the ground.
Speaker 14: Russia is not making masses of territory, but they're certainly
Speaker 14: not losing a lot of it either, and as time
Speaker 14: goes on it becomes harder and harder harder to dislodge them.
Speaker 14: We've seen fresh missile attacks overnight on some of the
Speaker 14: key cities as well, and going into winter, the sense
Speaker 14: that Russia is going to target again things like energy infrastructure.
Speaker 14: The idea is just to make Ukrainians as miserable as
Speaker 14: possible through the winter, so you're going to make them
Speaker 14: feel very, very cold for a start, and so there's
Speaker 14: a sense of fatigue they're creeping in in some quarters
Speaker 14: in Ukraine. And that opens the very thorny question that
Speaker 14: people are asking and will be asked, no doubt, even
Speaker 14: more so in political halls next year, and is that
Speaker 14: at some point does there need to be a move
Speaker 14: towards the negotiation.
Speaker 3: I don't know if we can call it a question
Speaker 3: of fatigue. When it comes to the war between Israel
Speaker 3: and Hamas in Gaza. We're only a little more than
Speaker 3: two months into it, but we are seeing that situation
Speaker 3: turn a lot more complicated as well when it comes
Speaker 3: to how the Gaza strip could be administered if Israel
Speaker 3: succeeds in defeating Hamas well.
Speaker 9: That's right.
Speaker 14: You saw really the most strident comments I think so
Speaker 14: far from the US President yesterday directed at the Israeli
Speaker 14: Prime Minister Benjamin Netanyahu. And certainly the US has been
Speaker 14: a strong ally of Israel for years, and obviously after
Speaker 14: the Hammas attack or October the seventh, but really for
Speaker 14: the first time Joe Biden publicly castigating the Israeli Prime Minister,
Speaker 14: you know, saying that things are not going in the
Speaker 14: right direction, that they need to think about their plans,
Speaker 14: especially in the aftermath of this war, and that was
Speaker 14: highly unusual for him to do so. So certainly not
Speaker 14: you know, the US is not calling overtly for a
Speaker 14: sea spy, that's been something they've very much danced around,
Speaker 14: but expressing concern about the situation inside Gaza and certainly
Speaker 14: for the unresolved questions of what happens after. I mean,
Speaker 14: Israel just won't agree, they say, to a two state
Speaker 14: solution essentially involving the West Bank and Gaza, where some
Speaker 14: other countries include in the US, are potentially looking at
Speaker 14: something would involve the Palestinian authority in both places, essentially
Speaker 14: the two state solution. So certainly a lot of unknowns
Speaker 14: in the aftermath of this conflict, but the US clearly
Speaker 14: already starting to run out of patients on it.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
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