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 1: We begin with rising tensions in the Middle East. The
Speaker 1: US carried out more strikes on Houthi targets in Yemen overnight,
Speaker 1: as the Iran backed militant group continues to go after
Speaker 1: red Sea shipping. This is at least the fourth US
Speaker 1: led attack on the Houthis in the past week. Major
Speaker 1: General pat Ryder speaks for the Pentagon.
Speaker 3: The objective here was to disrupt and degrade Hoothy capabilities
Speaker 3: to conduct attacks, and we believe that overall, in terms
Speaker 3: of the scope and the number of strikes that we took,
Speaker 3: we have degraded their ability to attack.
Speaker 1: Pentagon spokesman pat Ryder says the US targeted fourteen Hoothi
Speaker 1: missiles that were primed for launch.
Speaker 2: Meanwhile, Nathan Pakistan's military has carried out strikes against what
Speaker 2: it describes as terrorist hideouts in Iran. The move came
Speaker 2: after Iran attacked a separatist group in a Pakistani province
Speaker 2: along its border. Bloomberg's Middle East Economics and Government editor
Speaker 2: Paul Wallace says the escalator is very unusual.
Speaker 4: The two have a complicated but normally quite cordial relationship.
Speaker 4: This is pretty much unprecedented what we're seeing now with
Speaker 4: both of them striking each other's territory. Of course, they're
Speaker 4: not going for the other government as it were, They
Speaker 4: are going for what they call our terrorists in each
Speaker 4: other's territory. But I think what we're seeing is this
Speaker 4: is just the latest arena opening up in the wider
Speaker 4: Milesian conflict that began in early October when Hamas attack Israel.
Speaker 2: And Bloomberg's Paul Wallace says Pakistan is recalling it's envoy
Speaker 2: from Tehran.
Speaker 1: Well here in these latest incidents in the Middle East
Speaker 1: have oil on the rise. This morning, checking Nimax crewed,
Speaker 1: it's up eight tens of one percent. It's seventy three
Speaker 1: dollars fifteen cents per barrel. Meanwhile, the International Energy Agency
Speaker 1: says global oil markets are likely to remain reasonably well
Speaker 1: supplied this year, provided there are no major disruptions.
Speaker 2: Well, Nathan and the political front at home, the long
Speaker 2: awaited conversation between President Biden and congressional leaders over Ukraine
Speaker 2: AID did not yield results in Bloomberg said. Baxter has
Speaker 2: the story.
Speaker 5: The GOP issue going in border border border at House
Speaker 5: Speaker Mike Johnson says that's what he talked about.
Speaker 6: I told the President what I have been saying for
Speaker 6: many months, and that is that we must have change
Speaker 6: at the border, substantive policy shame.
Speaker 5: And says that was not in the offing. Different picture
Speaker 5: from Senate Majority Leader Chuck Schumer.
Speaker 7: If we don't come to Ukraine's aid that the consequences
Speaker 7: for America around the globe would be nothing short of devastating.
Speaker 5: And President Biden says he told congressional leaders that they
Speaker 5: must act now on the border. At Baxter Bloomberg Radio.
Speaker 2: All right, ed, thanks.
Speaker 1: Secretary of Saint Anthony Blincoln has been representing the US
Speaker 1: at the World Economic Forum in Davos this week. He
Speaker 1: left Switzerland yesterday, but not before a delay on the tarmac.
Speaker 1: There was an oxygen leak on his Boeing jet and
Speaker 1: it couldn't be fixed, so a smaller jet had to
Speaker 1: be flown in from Brussels to take b Lincoln back
Speaker 1: to Washington. Many of his aides and members of the
Speaker 1: press pool had to fly commercially well.
Speaker 2: Speaking of DeVos, Nathan Bloomberg News has been speaking all
Speaker 2: week to executives and politicians from around the world at
Speaker 2: the World Economic Forum This morning, we caught up with
Speaker 2: the CEO of Barclays Csvakata Krishnan defended his firm's investment
Speaker 2: banking division.
Speaker 8: We are the leading investment bank domicide outside of the
Speaker 8: United States, and what I find in my travels, especially
Speaker 8: in the world and the geopolitical world in which we live,
Speaker 8: is people are looking for a partner in a counterpart
Speaker 8: who's not just a US bank.
Speaker 2: Cs Venkata Krishnan ed of that Barclays has been reviewing
Speaker 2: its strategy for months. He spoke with Bloomberg's franc In
Speaker 2: Laqua at the World Economic Forum in Davos.
Speaker 1: All turning to Wall Street, Karen investors are waiting for
Speaker 1: another key economic report as doubt grows on when the
Speaker 1: Fed will start cutting rates. Let's get the latest with
Speaker 1: Bloomberg's John Tucker.
Speaker 9: John and Nathan Jobless claims could be particularly telling now
Speaker 9: that seasonal layoffs around the holidays are largely complete. Bloomberg
Speaker 9: Economics says there have been plenty of signs the labor
Speaker 9: market is weakening fast. This data comes as traders have
Speaker 9: recalibrated their wagers and the timing and extent of indust
Speaker 9: rate cuts. The swaps pricing shows the chances of a
Speaker 9: FED rate cut at March. Slip blows sixty percent for
Speaker 9: the first time since the middle of December. That's down
Speaker 9: from eighty percent just on Friday. The poly see sensitive
Speaker 9: two year yield jump fourteen basis points on Wednesday, its
Speaker 9: biggest one day gain since June. I'm John Tucker, Bloomberg Radio.
Speaker 2: All right, John, thanks. In corporate news, Apple we'll sell
Speaker 2: it smartwatches without a blood oxygen feature in the United
Speaker 2: States after it lost a legal dispute with the health
Speaker 2: technology company Massimo. The new models will still include the
Speaker 2: blood oxygen monitoring tool, but it won't function.
Speaker 1: And in another blow to Apple, Karen Netflix says it's
Speaker 1: not planning to launch an app for the Vision Pro headset.
Speaker 1: This is a sizeable omission for the thirty five hundred
Speaker 1: dollars technology, which debuts next month. Apple's banking on entertainment
Speaker 1: content to help market the Vision Pro. Netflix is a
Speaker 1: must have streaming service for many consumers.
Speaker 2: And staying in the tech sector here Nathan Cheryl's sen Berg,
Speaker 2: we'll step down from the board of Meta Platforms this year.
Speaker 2: We get more from Bloomberg's Doug Prisner.
Speaker 6: Sandberg joined Facebook in two thousand and eight as second
Speaker 6: to co founder Mark Zuckerberg, and she served as chief
Speaker 6: operating officer, helping to grow Facebook from a promising internet
Speaker 6: startup into a digital advertising powerhouse. Sandberg often served as
Speaker 6: the public face of the company, particularly among policymakers and regulators.
Speaker 6: She left the COO roll in twenty twenty two, but
Speaker 6: remained a director. At the same time, Sandberg began spending
Speaker 6: more time on philanthropic efforts. Now she'll serve as an
Speaker 6: advisor to Meta. It's unclear if Meta plans to replace
Speaker 6: Sandberg on the board. In New York Time, Doug Prisoner, Bloomberg.
Speaker 2: Radio Hall, Ry Nathan, Thanks, it's time now for a
Speaker 2: look at some of the other stories making news around
Speaker 2: the world. For that, we're joined by Bloomberg's Amy Morris. Amy,
Speaker 2: good morning, Good morning, Karen.
Speaker 10: The Senate is set to hold a series of votes
Speaker 10: on the final passage of that stockgap funding bill. Senate
Speaker 10: Majority Leader Chuck Shutmer says it's next up to the House.
Speaker 7: We hope that the House will take up this bill
Speaker 7: before the Friday deadline, with bipartisan support.
Speaker 10: The stopgap funding bill is expected to easily pass the
Speaker 10: Senate today. The funding deadlines tomorrow night. The New Hampshire
Speaker 10: primary only days away. Nikki haley 'ron de Santa's trying
Speaker 10: to push ahead after Donald Trump's commanding performance in Iowa.
Speaker 10: Bloomberg Senior national political correspondent Nancy Cook tells us Donald
Speaker 10: Trump has turned his focus now to Nicki Haley.
Speaker 11: Trump is sending out missives about Nikki Hilly. They're advertising
Speaker 11: against her. He's doing rallies and what he's going to
Speaker 11: and he and his team are going to spend the
Speaker 11: week doing is really calling out Nikki Hilly on a
Speaker 11: bunch of policy positions past date means she's made on
Speaker 11: raising the retirement age, what she has said on China,
Speaker 11: and it's really going to be vicious for the next week.
Speaker 10: Bloomberg Senior national political correspondent Nancy Cook says Haley does
Speaker 10: need a strong showing in New Hampshire before moving on
Speaker 10: to her home state of South Carolina, which Cook says
Speaker 10: is Trump Country. The anniversary of the Supreme Court decision
Speaker 10: overturning Roe v. Wade comes up on Monday. Senate Democrats
Speaker 10: held a briefing on the state of abortion rights in
Speaker 10: the US, and they were joined by doctor Austin Dennard,
Speaker 10: an obgyn in Texas.
Speaker 2: We no longer have the basic human rights for freedom
Speaker 2: and self determination that my mother and her generation relied
Speaker 2: on for nearly fifty years.
Speaker 10: The lawmakers suggested the vast majority of Americans support the
Speaker 10: right to abortion, and that it should be women making
Speaker 10: decisions about their pregnancies, not politicians or judges. Fourteen Democrats
Speaker 10: are joining House Republicans and denouncing President Biden's border policies.
Speaker 10: A GOP resolution passed in the House yesterday with full
Speaker 10: Republican support, urging Biden to end what they call his
Speaker 10: administration's open border policy. Former President Trump says he is
Speaker 10: the one who should be seeing a payday from the
Speaker 10: Egene to Carrol defamation trial. A judge overseeing Carroll's defamation
Speaker 10: trial against Trump threatened to toss him out after Carroll's
Speaker 10: lawyers complained that he was making comments that the jury
Speaker 10: could hear global news twenty four hours a day and
Speaker 10: whenever you want it with Bloomberg News.
Speaker 12: Now.
Speaker 10: I'm Amy Morris, and this is Bloomberg.
Speaker 2: Karen, All right, Amy, thank you. What we do bring
Speaker 2: you news throughout the day right here on Bloomberg Radio.
Speaker 2: But now, as Amy said, you can get the latest
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Speaker 2: Com plus apples, Spotify, and anywhere else you get your podcasts.
Speaker 2: So nice time. Now for the Bloomberg Sports Update, here's
Speaker 2: John stash Hour.
Speaker 12: John Karny can forget about the idea of Bill Belichay
Speaker 12: coaching the Dallas Cowboys. Mike McCarthy is keeping his job.
Speaker 12: I'll be back for a fifth season. He's certainly had
Speaker 12: regular season success in Dallas, not so much in the postseason,
Speaker 12: where he's one to three, and of course the Cowboys
Speaker 12: were just upset at home by Green Bay. As for
Speaker 12: Belichick's old job in New England and now belongs to
Speaker 12: Gerard and Mayo, he was a former Patriots player and
Speaker 12: assistant coach. He actually had it written into his contract
Speaker 12: that he will replace fellowchick.
Speaker 13: I'm not trying to be Bill. I think that Bill
Speaker 13: is his own man. If you can't sell by now,
Speaker 13: I'm a little bit different even up here. But what
Speaker 13: I will say is, you know, the more I think about,
Speaker 13: the more I think about, like the lessons side I've
Speaker 13: taken from Bill.
Speaker 3: Hard work works.
Speaker 12: Mayo gets the job at the age of thirty seven.
Speaker 12: Trade the NBA Toronto, who made a big trade with
Speaker 12: the Knicks, recently made another one with Indiana. Sidney two
Speaker 12: time All star in Pascal Siakam to the Pacers for
Speaker 12: Bruce Brown and three first round draft picks. The Raptors
Speaker 12: then won by twenty four over Miami. The Celtics won
Speaker 12: easily over San Antonio once seventeen to ninety eight, and
Speaker 12: the Celtics are now twenty to zero at home. Lakers
Speaker 12: beat Dallas, Knicks beat Houston, Portland a two point win
Speaker 12: over Brooklyn College Basketball Yukon number one in the country
Speaker 12: now sixteen and two with a win over Creighton at
Speaker 12: the Australian Open. The top seat on the women's side,
Speaker 12: Aschiantek had some troubles but got by Danielle collins Ken's fish.
Speaker 12: There were bloomberg sport.
Speaker 14: From coast to coast, from New York to San Francisco,
Speaker 14: Boston to Washington, DC, nationwide on Syria's Exam, the Bloomberg
Speaker 14: Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 9: Good morning.
Speaker 1: I'm Nathan Hager. Geopolitical risk has certainly not gone away
Speaker 1: for markets, but now it's getting even more attention following
Speaker 1: the latest US strikes on Hoothy targets in Yemen. There
Speaker 1: was another round overnight. Now Pakistan is engaged in tit
Speaker 1: for tit attacks with the Hoothy's main backer, Iran. All
Speaker 1: this as the war between Israel and Hamas rages on
Speaker 1: in Gaza. So for the very latest, we are joined
Speaker 1: by Bloomberg News Senior editor Bill Ferries. Bill start us
Speaker 1: off with the latest on these US strikes against the Houthies.
Speaker 15: What's the latest, Hi, Thanks for having me, Nathan ut overnight.
Speaker 15: It's just been a busy past several hours. Overnight, the
Speaker 15: US launched strikes on what it said were fourteen Houtie
Speaker 15: missiles and Yemen that they said presented an imminent threat
Speaker 15: to vessels in the region. They said these missiles were
Speaker 15: basically loaded and ready to be fired off, and that
Speaker 15: the US was acting preemptively to target them and destroy
Speaker 15: them before they could do more damage. It's the fourth
Speaker 15: round of US strikes or US led strikes on Yemen
Speaker 15: over really about the last week or so, and it
Speaker 15: came just hours after the UTIES managed to launch another
Speaker 15: attack on a commercial vessel, a US owned vessel in
Speaker 15: the Red Sea. So I think what we've seen is
Speaker 15: that these multiple rounds of attacks have not prevented the
Speaker 15: HUTIES from being able to still get some strikes in
Speaker 15: against ships in the Red Sea, and that of course
Speaker 15: has been a big disruption for global trade. You've got
Speaker 15: a lot of shipping companies trying to re route around
Speaker 15: the around the Tip of Africa or find other ways
Speaker 15: to get their goods to market, and.
Speaker 1: We're seeing modest movement in the oil market in light
Speaker 1: of these latest attacks. Is there a risk now that
Speaker 1: the US could be drawn even further into action in Yemen,
Speaker 1: given that we are still seeing the HOO, the THEES
Speaker 1: managing to carry out strikes in the Red Sea.
Speaker 15: Yeah, I mean, I don't think there's nobody really at
Speaker 15: this point talking about some kind of a ground invasion
Speaker 15: or anything, but there are you know, the US and
Speaker 15: its allies have a lot of firepower based in the
Speaker 15: Red Sea. At this point there aren't nearly as many
Speaker 15: commercial vessels going through there, but they're still unable to
Speaker 15: stop these kind of attacks, and you have to start
Speaker 15: wondering how long can this go on? How long will
Speaker 15: global trade be disrupted, When will that really start to
Speaker 15: emerge in the prices that consumers pay for a whole
Speaker 15: range of goods, and what of course will be the
Speaker 15: human cost on all this. But it's certainly seems at
Speaker 15: this point that this could drag on for weeks, if
Speaker 15: not months.
Speaker 1: And this raises a question as well about whether Iran
Speaker 1: can bring any influence to bear here. But now we're
Speaker 1: seeing Iran engaged in attacks with Pakistan, and of course
Speaker 1: it continues to back has Balan of course Hamas in.
Speaker 15: Gaza exactly, and they're actually even on top of all that,
Speaker 15: there was an Iranian attack on a facility in northern
Speaker 15: Iraq just a day or so ago. But yeah, the
Speaker 15: latest we found that Pakistan had a reprisal attack against
Speaker 15: Iran overnight responding to attacks from Iran. On Wednesday, they
Speaker 15: hit targeted strikes on what they said were militant hideouts
Speaker 15: in Iran. And this is not something that really anyone
Speaker 15: was really predicting. Even a weaker or so ago, you'd
Speaker 15: have Pakistan and Iran involved in some kind of a conflict.
Speaker 15: It does look like now that both sides are trying
Speaker 15: to find a way to talk each other down. You
Speaker 15: even have the Pakistan Army saying that it's a time
Speaker 15: for dialogue. It was a similar message coming out of
Speaker 15: Pakistan's Foreign ministry today. But it is a very unsettled situation,
Speaker 15: and of course both sides have to play to their
Speaker 15: domestic political constituencies. So while there is some expectation that
Speaker 15: maybe there's been a proportionate response and things will start
Speaker 15: to ease, there's no certainty of that at this point.
Speaker 1: And of course a Pakistan and Iran both have the
Speaker 1: support and alliance with China. Is there a role for
Speaker 1: China here in trying to bring some of these tensions
Speaker 1: in the Middle East down from a boil.
Speaker 14: Yeah.
Speaker 15: Publicly, China is not saying very much other than that
Speaker 15: it's tracking the developments and they said they want both
Speaker 15: sides to exercise restraint and calmness. But I would think
Speaker 15: you would think behind the scenes, China does not want
Speaker 15: to see two of its kind of key allies in
Speaker 15: that region fighting with each other. That's a big distress
Speaker 15: for it, I think. I think so far China has
Speaker 15: been happy to see the US taking the lead in
Speaker 15: places like the Red Sea. It has not engaged with
Speaker 15: the Israel Hamas conflict very much at all. But it
Speaker 15: doesn't want to see its partners starting to fight, you know,
Speaker 15: and militarily start to go after each other in such
Speaker 15: a critical part of the world.
Speaker 1: This is Bloomberg day Break Today, your morning brief on
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