Speaker 1: Good morning. I'm John Tucker and.
Speaker 2: I'm Karen Moscow. Here are the stories we're following today.
Speaker 1: We begin with developments in the Mid East. The US
Speaker 1: military launched strikes on three installations in Iraq over the weekend,
Speaker 1: targeting what it says is a terrorist group backed by Iran.
Speaker 1: Washington's accusing the group of engaging in a series of
Speaker 1: attacks that injured American personnel. Late Monday, US Central Command
Speaker 1: released a statement saying the air strikes appeared to kill
Speaker 1: a number of Hensblah militants and Irans as a member
Speaker 1: of its armed forces was also killed. Meanwhile, Iran saying
Speaker 1: an Israeli airstrike in Syria killed a senior commander of
Speaker 1: its Revolutionary Guard, and Iran's president promising Israel will pay
Speaker 1: a price for the action. The Lebanese militant group HESBLA
Speaker 1: is calling the strike an assassination that crosses a line.
Speaker 2: Well in Israel, John pressure is growing on Prime Minister
Speaker 2: Benjamin Natanyahu to shift his nation's approach, and it's more
Speaker 2: with Hamas off and published in the Wall Street Journal Yesday, Natanya,
Speaker 2: Who's said, in order to achieve peace, Hamas must be destroyed.
Speaker 2: In Palestinian society must be deradicalized. It comes on the
Speaker 2: heels of the Biden administration continuing to back Israel's right
Speaker 2: to defend itself, but it's calling on Israel to scale
Speaker 2: back a large attacks and engage in more precise operations
Speaker 2: to reduce the toll on Palestinian civilians. Allies of Israel
Speaker 2: on Capitol Hill, like South Carolina Senator Lindsay Graham, says
Speaker 2: he blames civilian deaths on Hamas.
Speaker 3: Israel is trying to mitigate casualties.
Speaker 4: We need more humanitarian aid as long as it doesn't
Speaker 4: go on to the hand of the hands of a mosque.
Speaker 2: Republican Senator Lindsay Graham was speaking on ABC's This Week and.
Speaker 1: The Hamas run Health Ministry says more than twenty thousand
Speaker 1: people have been killed in Gaza since the wars started
Speaker 1: in response to the October seventh terror attack in Israel,
Speaker 1: Atlanta Councils Senior Fellow Carmel abittells Bloomberg. The pressure is
Speaker 1: also growing on the Biden administration to encourage Israel to
Speaker 1: change its policy.
Speaker 5: The atrocities as we've seen them in Gaza are just agonizing,
Speaker 5: and with that public opinion in the United States and
Speaker 5: around the world is shifting, and pressure on Israel is
Speaker 5: growing to, if not entirely end the war through a
Speaker 5: permanency is fire, to at least pursue a temporary ceasefire,
Speaker 5: and to move to the next phase of this war.
Speaker 1: Carmiel Arvid with the Atlantic Council was speaking with our
Speaker 1: Kaylee Lines on Bloomberg's Balance of Power. You can hear
Speaker 1: the full analysis the Balance of Power podcast, available wherever
Speaker 1: you download your podcasts.
Speaker 2: Well back here in the US, john pressure continues to
Speaker 2: mount on universities following testimony from earlier this month in
Speaker 2: which the presidents of Harvard, MIT and the University of
Speaker 2: Pennsylvania struggle to respond to questioning about how calling for
Speaker 2: the genocide of Jews violates school policy. In the wake
Speaker 2: of calls for the resignation of Harvard's president, Claudine Gay,
Speaker 2: a growing number of faculty members are turning their focus
Speaker 2: to the other eleven members of the powerful governing board
Speaker 2: that runs a school. Some faculty are calling for members
Speaker 2: of the Harvard Corporation, the university's board, to resign or apologize.
Speaker 2: One professor even floated an idea to the Governor of
Speaker 2: Massachusetts a new school governance structure that would give lawmakers
Speaker 2: the chance to appoint a board member to represent the
Speaker 2: public interest.
Speaker 1: And we're also following Karen the geopolitical developments in Russia's
Speaker 1: war with Ukraine. Russia says a warship that an eastern
Speaker 1: Crimean port had been damaged in a Ukrainian missile strike,
Speaker 1: and Ukraine wasn't just engaging in naval attacks. The New
Speaker 1: York Times reported this weekend that the Ukrainian military claiming
Speaker 1: it shot down five Russian fighter jets in three days,
Speaker 1: one of the biggest weekly losses for the Russian air
Speaker 1: force since that war began.
Speaker 2: Man John The New York Times is also reporting Russia
Speaker 2: President Vladimir Putin could be thinking about a ceasefire. In
Speaker 2: a recent address to his generals, he said Ukraine was
Speaker 2: so belieaguered that Russia's invading troops were doing what we
Speaker 2: want quote an unquote, But behind the scenes, sources tell
Speaker 2: The Times Putin's signal through intermediary since at least September
Speaker 2: that he's open to a ceasefire that would freeze fighting
Speaker 2: along current lines.
Speaker 1: And turning to politics here in the States, former President
Speaker 1: Trump says he has absolute immunity having served as a
Speaker 1: former president. Trump telling a federal appeals panel that he
Speaker 1: should be granted immediately from prosecution with regard to his
Speaker 1: efforts to overturn the twenty twenty election because he was
Speaker 1: acting within the bounds of his official duties when he
Speaker 1: took the actions. The appeals panel has said it will
Speaker 1: hear the arguments. January eighth, Let's.
Speaker 2: Go to markets now. John wall Street's returning to a
Speaker 2: holiday shortened training week, and Bloomberg's Charlie Pellett joins us
Speaker 2: with a preview.
Speaker 3: After eight weeks of gains for the S and P
Speaker 3: five hundred index, there are questions as to whether the
Speaker 3: holiday chare will continue into twenty twenty four. Sarah Hunt
Speaker 3: is chief market strategist at Alpine Woods Capital Investments.
Speaker 4: I think that the biggest problems we're going to see
Speaker 4: next next year are going to be around whether or
Speaker 4: not earnings and growth can really increase to the extent
Speaker 4: that the market is expecting it to, because if it can't,
Speaker 4: we're priced really well. We had a lot of multiple
Speaker 4: expansion this year and not a lot of earnings growth.
Speaker 4: We're pricing that in for next year.
Speaker 3: There are no scheduled S and P five hundred earnings
Speaker 3: this week. Bank earnings with the likes of JP Morgan, Chase,
Speaker 3: City Group and Wells Fargo kickoff January twelfth in New
Speaker 3: York Charlie Bloomberg Radio, all.
Speaker 1: Right, thanks Charlie. In corporate news this morning, sources tell
Speaker 1: Bloomberg open Ais in early discussions to raise a fresh
Speaker 1: round of funding at evaluation at or above one hundred
Speaker 1: billion dollars, and Bloomberg's Dennis Pelagreeny joins US with that story.
Speaker 6: Sources say investors potentially involved in the fundraising round have
Speaker 6: already been included in preliminary discussions, and if the funding
Speaker 6: round happens is planned, the creator of chet GPT would
Speaker 6: be the second most valuable startup in the US, behind
Speaker 6: only Elon Musk's SpaceX. Sources also say open Ai has
Speaker 6: held discussions to raise funding for a new chip bench
Speaker 6: with Abu Dhabi based G forty two, and has discussed
Speaker 6: raising up to ten billion dollars for that. It's unclear
Speaker 6: whether the chips venture and the wider possible company funding
Speaker 6: efforts were now hearing about our related Denise Pelygrindy Bloomberg Radio.
Speaker 6: All right, Denise.
Speaker 2: Thanks. Elsewhere on the corporate front, the Sole Economic Dailies
Speaker 2: reporting Samsung has delayed mass production plans at its new
Speaker 2: hiplant in Texas. Sources tell the South Korea newspaper mass
Speaker 2: production would begin in twenty twenty five. Samsung previously said
Speaker 2: the factory would star production in the second half of
Speaker 2: twenty twenty four. Is another blow to the Biden administration's
Speaker 2: ambition to increase domestic semiconductor supplies.
Speaker 1: All right, thanks Karen, and now for a look at
Speaker 1: some of the other stories making news in New York
Speaker 1: and around the world. And for that we're joined by
Speaker 1: Bloomberg's Scott car Scott. Good morning, Thanks John, Good morning.
Speaker 1: Following a weekend of reportedly intense fighting between Israel and Hamas,
Speaker 1: particularly in northern Gaza, where Israeli forced to say now
Speaker 1: they've largely taken control, Israeli Prime Minister Benjamin Netanyahoo paid
Speaker 1: a visit to IDF troops in the region Monday and
Speaker 1: estimated seventy people were said to have been killed and
Speaker 1: one Israeli strike in central Gaza. The Israeli military says
Speaker 1: fifteen of its troops lost their lives over the weekend.
Speaker 1: Federal officials are now calling for the opioid reversal drug
Speaker 1: nalaksoone to be stocked in all government buildings. Recently, the
Speaker 1: Department of Health and two Human Services has proposed all
Speaker 1: federal buildings should be stocked with the drug, alongside automated
Speaker 1: external defibrillators. It marks the first change in federal building
Speaker 1: safety guidelines in nearly fifteen years. The US now has
Speaker 1: new plans in place to target banks that facilitate payments
Speaker 1: for Russia's military industrial complex. Bloomberg's Amy Morris has more
Speaker 1: from Washington.
Speaker 7: President Biden is amending two executive orders that will for
Speaker 7: the first time, allow the US to impose so called
Speaker 7: secondary sanctions over the Ukraine War. US officials tell Bloomberg
Speaker 7: that means banks could face severe financial penalties for doing
Speaker 7: business with firms already sanctioned, whether they know it or not.
Speaker 7: While many international banks no longer do business directly with Russia,
Speaker 7: they can act as correspondent banks for financial institutions in
Speaker 7: third countries that still do. In Washington, Amymoor as Bloomberg Radio, a.
Speaker 8: Wearable AI device developed by former Apple employees, is set
Speaker 8: to ship in March it's called the Humane AI Pin,
Speaker 8: and for about seven hundred dollars you can attach it
Speaker 8: to your clothes and interact with it. Former Apple worker
Speaker 8: Imanchadris part of the team behind the creation of the
Speaker 8: new AI device.
Speaker 9: There are no wakewords, so it's not always listening or
Speaker 9: always recording. In fact, it doesn't do anything until you
Speaker 9: engage with it, and your engagement comes through your touch, voice, gesture,
Speaker 9: or the laser ink display.
Speaker 8: The pins projectors designed to be able to send information
Speaker 8: onto a user's hand.
Speaker 9: We were able to pack a law of technology into
Speaker 9: something really small. It runs a Qualcom snap Dragon chipset,
Speaker 9: and that means it's really fast, which is crucial for AI.
Speaker 8: A recent demo of the pin shows it doing everything
Speaker 8: from real time language translation to making calls and playing music,
Speaker 8: Global news twenty four hours a day and whenever you
Speaker 8: want it with Bloomberg News. Now, I'm Scott Carr, and
Speaker 8: this is Bloomberg John.
Speaker 1: All right, Thanks God. That burns us to five eleven
Speaker 1: on Wall Street Time. Now offer the Bloomberg Sports Update
Speaker 1: PIM for that. Here's Dan Schwartzman.
Speaker 10: It was a Christmas Day tripleheader in the NFL and
Speaker 10: a Christmas miracle in Kansas City as Las Vegas Raiders
Speaker 10: knock off the Chiefs twenty to fourteen. Zameir White twenty
Speaker 10: two carries one hundred and forty five yards on the
Speaker 10: ground for Vegas. She's falled to nine and six on
Speaker 10: the season. Raiders are now seven and eight. Meanwhile, he
Speaker 10: was ugly in Philadelphia despite the Giants making it close
Speaker 10: to the second half, Swift makes the move zone Scott Eagles.
Speaker 10: That's courtesy of Fox Sports. Giants lose at Philly thirty
Speaker 10: three to twenty five, as Eagles are now eleven and four.
Speaker 10: Giants fault of five and ten on the season. Afterwards,
Speaker 10: head coach Brian Davill didn't have much to say.
Speaker 3: Give them credit.
Speaker 10: Came down to the you know, to the end and
Speaker 10: just it's quite done to get the June that's courtesy
Speaker 10: off Giants dot Com. And in the finale, the Ravens
Speaker 10: now twelve and three, winners of five in a row.
Speaker 10: They dominate the forty nine Ers in San Francisco thirty
Speaker 10: three to nineteen as Brock Purty throws four interceptions for
Speaker 10: the forty nine Ers five games on the NBA docket,
Speaker 10: Nick surprise the Bucks in New York won twenty nine
Speaker 10: to one twenty two. Jalen Brunson thirty eight points, Nuggets
Speaker 10: knocking off the Warriors one twenty to one fourteen. Celtics
Speaker 10: a road went over the Lakers in Los Angeles one
Speaker 10: twenty six to one point fifteen. Christaps Porzingis twenty eight points,
Speaker 10: eleven rebounds, while the seventy six ers fall to the
Speaker 10: Heat in Miami won nineteen to one thirteen and Luka
Speaker 10: Doncic with fifty points for the Mavericks in a one
Speaker 10: twenty eight to one fourteen went on the road in Phoenix.
Speaker 10: That's your Bloomberg Sports update on Dan Schwartzman.
Speaker 11: From coast to coast, from New York to San Francisco,
Speaker 11: Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg
Speaker 11: Business app and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 1: Good morning, I'm John Tucker. As you just heard the
Speaker 1: US military launching Christmas Day strikes three installations in Iraq,
Speaker 1: targeting what it said is a terrorist group backed by Iran.
Speaker 1: Here to discuss that and what else is going on
Speaker 1: on the Mideast, joining us from Dubai this morning Bloomberg
Speaker 1: News Henry Meyer. Henry, thanks for being with us this morning.
Speaker 1: What do we know about this US air strike and
Speaker 1: the reasons behind it?
Speaker 12: Good morning, John, Yes, I mean what we understand is
Speaker 12: that the US military attacked three installations in Iraq yesterday,
Speaker 12: targeting this group which is linked to Iran, and this
Speaker 12: was in retaliation for an attack on a US base
Speaker 12: in Iraq that wounded three servicemen. So, you know, I
Speaker 12: think that this is a pattern which we've seen in
Speaker 12: the past. Obviously, there have been in a series of
Speaker 12: attacks in recent weeks on US military installations in both
Speaker 12: Syria and Iraq which have met with American retaliation. But
Speaker 12: you know what's interesting is that this happened on at
Speaker 12: the same time as Israel is reported to have carried
Speaker 12: out an airstrike in Syria which assassinated the top Iranian
Speaker 12: revolutionary regards military advisor in the country. So, you know,
Speaker 12: we see a sort of certain escalation which is taking place,
Speaker 12: obviously in the context of the war in Gaza, and
Speaker 12: this is sort of fanning concerns that there will be
Speaker 12: other fronts that will open up in this war.
Speaker 1: Yeah, with respect to the US Christmas Day strikes in
Speaker 1: Iraq is that directly tied to the war between Israel
Speaker 1: and Hamas.
Speaker 12: It's not directly tied. But what we've seen since October seventh,
Speaker 12: which is when you know, the war began in a Gaza,
Speaker 12: that the number of attacks have increased on US basis
Speaker 12: in the region. So definitely there has been you know,
Speaker 12: a link between the two. So you know, I think
Speaker 12: obviously what happened in Syria, I would argue, is much
Speaker 12: more serious actually because we've seen this pattern of attacks
Speaker 12: in Iraq and Syria on US basis and with you know,
Speaker 12: retaliation that has been going on for several weeks. But
Speaker 12: I would argue that the you know, the reporter at
Speaker 12: Israeli operation to target this senior reigning commander in Syria
Speaker 12: that could lead to a much bigger spiral of confrontation
Speaker 12: in Iran has avowed to take revenge.
Speaker 1: Henry, the Israeli Prime Minister Nittanya, who he was out
Speaker 1: with an op ed piece. In it he delivers what
Speaker 1: he says are prerequisites for peace with Hamas. What are
Speaker 1: those conditions?
Speaker 12: Well there, Primarily what he says is the demilitarization of Gaza,
Speaker 12: and he said the the radicalization Palestinian society. I mean,
Speaker 12: Israelis have been you know, quite very critical of the
Speaker 12: Palatinian authority. What they say has been the refusal to
Speaker 12: condemn the attacks October seventh on southern Israel, so you
Speaker 12: know event and then the final condition is the establishment
Speaker 12: of a buffer zone, which would be a sort of
Speaker 12: security cordon to prevent such attacks taking place in the future.
Speaker 12: You know, what that tells you is that the Israeli
Speaker 12: war goals are still very ambitious, and you know, they're
Speaker 12: not close to fulfilling them. And despite all the American
Speaker 12: pressure which has been increasing to at least scale back
Speaker 12: the operation, if not to end it in Gaza, we
Speaker 12: can see from Nata Naho's statement here that you know,
Speaker 12: they are determined to continue.
Speaker 1: The Biden administration has pressed Israel to change the approach.
Speaker 1: Is there any sign that is going to change just
Speaker 1: about twenty seconds.
Speaker 12: We don't know if that's going to happen, and we
Speaker 12: know that there are talks that are going to take
Speaker 12: place this week in Washington with a key advisor of Nittanyahu.
Speaker 12: He will be discussing whether that can happen. But as
Speaker 12: I said, the signals coming from Israel are still very
Speaker 12: much that they will continue at the current rate of offensive.
Speaker 1: You're listening to Bloomberg Daybreak today your morning brief. The
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Speaker 6: I'm John Tucker and I'm Karen Moscow.
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