Trump Issues Warning to Venezuela's Maduro, Renews Call for Greenland Takeover

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Karen, we begin this morning with the latest on the
Trump administration's pressure campaign against Venezuela. President Trump is warning
Venezuelan President Nicholas Maduro not to quote play tough as
the US steps up its blockade of oil tankers going
in and out of the country. The President says, US
policy in the Western Hemisphere is changing under his administration.
Well, you had a different kind of a president before me.
They didn't mind being ripped off, they didn't mind being rubbed,
they didn't mind drugs boring into our country.
They didn't mind the jails of Venezuela and Trent Deierragua
being emptied into the US where they take over Colorado
and other places.
I do mind.
President Trump spoke at a mar al Lago news conference
where he unveiled a new class of battleships dubbed Trump Class.
Bloomberg's Peter Fowler on the Venezuela blockade.
Trump is saying he's going to keep the oil. He's
also threatening President Maduro not to fight back if he
fights back, he will never be able to fight back again.
Trump has stopped short of saying that this is all
about regime change, but people in his cabinet have been
a lot more clear on that. Homeland Security Secretary Kirsty
Nomes said that this is about much more than just
seizing the oil. He has to be gone, he said.
And Bloomberg's Peter Fowl reports all this comes as the
Coastguard continues to pursue a sanctioned tanker days after boarding
a non sanctioned vessel over the weekend Well Nathan.
In those same Mara a Lago remarks, President Trump said
he believe people are very angry that pictures are being
released that connect them to notorious sex offender Jeffrey Epstein.
Days after the Justice.
Department released a new set of files tied to the
laid financier. The President said he hated to see former
President Bill Clinton, who appeared frequently in the release, being
tarnished by the asociation, describing this situation as terrible.
I hate to see photos come out of him.
But this is what the Democrats, mostly Democrats, and a
couple of bad Republicans are asking for.
So they give you their photos of me too. Everybody
was friendly with this guy.
The Epstein files and the fight over their disclosure have
sparked in fighting among President Trump's supporters, adding to the
political headwinds that the president is facing heading into next
year's midterm elections.
Then Stang of mar A Lago Karen.
President Trump is also reiterating his desire for US control
over Greenland. That's after he announced plans to appoint Louisiana
Governor Special Jeff Landry as a special envoy to the island.
President Trump says it's a matter of national security.
If you take a look at Greenland, you look up
and down the coast, you have Russian and Chinese ships
all over the place.
We needed for national security and we have to have it.
Greenland's a big deal, The President says. It's not because
of Greenland's energy or mineral reserves. He says the US
has plenty of those, but he doesn't think Denmark's voted
enough spending to protect the island. President Trump's comments have
sparked outrage in both Denmark and Greenland. Denmark's Prime Minister
met To Frederickson has worn the US cannot act annex
the island.
Well, Nathan Let's turn out to the latest Inny Brown
University shooting. The Trump administration will investigate the rampage this
month that killed two students and injured nine others. Education
Secretary Linda McMahon says reporting in the wake of the
incident shows that Brown surveillance and security systems may not
have met adequate standards, allowing the suspect to escape.
She also says.
Brown students and staff reported that emergency notifications about the
active shooter were delayed.
Certain markets now Karen stocks are holding ground after a
strong run. Traders are awaiting some of the last remaining
data sets of twenty twenty five to see whether they
materially shift expectations for interest rate cuts in the new year.
The SMP five hundred was poised to open little changed
after a three day rally that's pushed the benchmark within
reach of.
A new all time high.
Liz An Sanders is chief investment strategist at Charles Schwab.
I have to look below the surface of the cap
weighted indexes to get a fuller picture, particularly in the
last couple of months, where you haven't seen a big
draw down at the index level, even though We've seen
some of the megacap prior leaders go through a bit
of a pullback phase, but you've just seen broader participation
over the last six months or so. It's only in
the teens in terms of the percentage of constituents with
the within the SMP that's a performed the index itself.
It's Charles Schwabs liz Anne Saunders.
Meanwhile, gold has risen to a record high for the
fiftieth day this year on escalating geopolitical tensions and prospects
for more rate cuts.
Silver is also at an all time peak.
Nathan Fetter. Reserve Governor Stephen Myron said the US Central
Bank risks sparking a risk session unless it continues lowering
interest rates next year, and Myron spoke with the Bloomberg surveillance.
For the last few months, we've had data come out
in a ordinance with I think my view of the world.
The inflation data has steadily come in cooler than expectations.
The unemployment rate has poked up potentially above where people
thought it was going to go, and so we've had
data that should push people into a dubvish direction, and
I think it's somewhat problematic if you see those data
coming out and you don't adjust your policy prescriptions in
the Duvish direction, What does that say about the reactiveness
of policy to the economy. I think it looks it
reflects very poorly upon the institution at.
The end of that time.
And that's Stephen Myron, and he's argued for larger cut
since he joined the FEDS Board of Governors in September.
His termins in January. For the full conversation, head over
to the Bloomberg Podcast channel on YouTube.
Karen, we continue to track the latest in the Warner
Brothers Discovery bidding war, and the latest is Larry Ellison
has pledged forty billion dollars of his personal wealth to
boost Paramount Skydance's bid for the entertainment giant. The billionaire
built his fortune with Oracle. He's aiming to give his son,
Paramount CEO David Ellison, the advantage in the fiercely contested
battle with Netflix. Bloomberg Intelligence Senior credit analyst Stephen Flynn
says it's just one of a number of adjustments made
meant to strengthen Paramount's bid.
Yeah.
Well, so, mid last week, the Warner Brothers Discovery Board
recommended shareholders do not participate in the tenor offer, and
they listed the reasons why. Now, what Paramount This Morning
has done is kind of addressed many of those reasons,
particularly given the Larry Ellison guarantee. So I believe Paramount's
going to see how many shares they get to participate
in the tenor offer and if they need to, you know,
conversations with shareholders, if they need to raise it to
a certain level at those struggle, it's still comfortable with
I'd imagine.
That's what they would do.
It's Stephen Flynn of Bloomberg Intelligence. No Warner Brothers has
confirmed it has received Paramounts amended offer and says it
will evaluate it, but the company says it still supports
Netflix's competing bid well.
In company news, Nathan Novo Nordisk has won approval to
sell a pill version of its blockbuster obesity drug like Govi,
in the US. According to a statement, Novo will start
selling the pill in the US and January to patients
at a starting price of one hundred and forty nine
dollars a month in cash, or potentially for as little
as twenty five dollars per month with insurance coverage begin
more with Bloomberg's Amber Tongue.
While the injectibles have been hugely successful, there's been a
lot of talk that an oral pill would be provide
a much more convenient option for patients. There are people
who may be afraid of needles and they don't want
to get injections. They would prefer to take a pill
once a day instead to meet their weight management needs.
And a pill form of the obesity drug is also
much easier to transport and store because it doesn't require
refrigerators unlike the injectibles.
And Bloomberg's and Amber and a Tongue adds that it's
a crucial step in Novo's effort to defend its market
share from rival Eli Lilly, which says its own oral
obesity drug could be approved by March. Time now for
a look at some of the other stories making news
in New York and around the world, and for that
we're joined by Bloombers Michael Barr Michael, Good Morning.
Good morning, Karen. More than an estimated record one hundred
and twenty two million Americans planned to travel more than
fifty miles from home this year for the holidays. However,
there will be some rough travel spots across the nation
as we approach Christmas. Bloomberg Media Religions Craig Allen has
the latest today.
Here in the Northeast, we have a combination of snow
and rain, with winter weather advisories for two to as
much as six inches of snow and higher terrain areas
in the Poconos in Pennsylvania, Catskills of New York, New England. Thankfully,
the major I ninety five cities should be wet and
not snow covered. But the other big problem will be
the West coast. Almost the entire state of California is
under a floodwatch into the weak and big snows in
the mountain passes, and there will definitely be substantial road
and airport delays right through Christmas Day.
Bloomberg Media relogists crag Allen a federal judges rule the
US government cannot redetain kilmar Abrego Garcia through the Christmas holiday.
The Maryland man and Salvador native was released Monday. His attorney,
Simon Sandeval Motionenberg, said the federal government is trying to
keep his client locked up without a trial.
To me, at least, it's clear that the government is
willing to do whatever takes sort of give any legal justification,
any factual justification whatsoever, to put this man back into
a detention center.
Attorney Simon Sandeval Motionenberg says a new hearing is scheduled
for Friday. We're learning more about New York mayor elect
Zoron Mamdani swearing in on January first, and includes a
midnight ceremony when New York Attorney General Letitia James will
administer the oath of office. Later on New Year's Day,
Senator Bernie Sanders will give the oath again during a
public ceremony on the steps of City Hall. After that,
a citywide bloc party will be held along Broadway. Global
News twenty four hours a day and whenever you want
it with Bloomberg News Now. I'm Michael Barr, and this
is Bloomberg Karen.
Thanks Michael. Time now for our Bloomberg sports update, and
for that we bring in John Stashauer.
Thanks Karen.
Mother.
Night football was in Indianapolis. The forty nine ers scored
touchdowns on their first three possessions. They never punted, They
got five touchdown passes from Brock Purdy, and the Niners
beat the Colts. Forty eight to twenty seven. They've won
five in a row. The Colts have now lost their
last five. The NFL has suspended Pittsburgh Steeler wide receiver
DK Metcalf for two games. He had an altercation with
a fan in Detroit last Sunday. Metcalf is appealing. That's
your Bloomberg Sports Update.
Stay with us. More from Bloomberg day Break coming up
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Bloomberg Business Out. This is Bloomberg Daybreak.
Good morning on Nathan Hager.
A pressure campaign that began with military strikes on suspected
drug running boats in the Caribbean has now turned into
a blockade of oil vessels going in and out of Venezuela.
But President Trump says his effort to go after Venezuelan
President Nicholas Maduro won't end there.
And soon we'll be starting the same program on land.
The land is much easier.
But every one of those boats that we knocked out
saved twenty five thousand lives.
President Trump speaking there at a mar A Lago news
conference where he unveiled a new class of warship dubbed
Trump Class. For more, we're joined by Bloomberg DC Breaking
News editor Alexander Pearson. It was a wide ranging conversation,
alex with President Trump leveling tough words at Nicholas Maduro.
But did we get any further clarity on his strategy
with Venezuela?
Good morning, Good morning, Nathan.
Yeah, it was a very wide ranging speech, and particularly
on Venezuela, we got sort of actually some mixed signals
in a way, because it was a combatitive speech with
her god to Maduro, and that's the tone that President
Trump's had for many weeks and months now. But it
was interesting to note that he was asked whether he
would try to actually oust President Madua from Venezuela, and
he said that would be up to mister Maduro. And
that was a bit soft, it seemed, and what some
of his cabin officials had said even yesterday, Homeland Security
Secretary Christy Nome had said that President Maduro needs to
be gone, which very much, you know, suggested that would
be the end goal of this maximum pressure campaign that
the Trump administration has been pursuing towards Venezuela. But President
Trump himself, you know, did not want to commit to that,
at least explicitly, So that was interesting to note. But
in terms of everything else he said, you know, we
didn't learn that much new. He is he has been
threatening land strikes for some time now, and you know,
the overall tone towards Venezuela was still the same as
it has been for many weeks.
And if you want to call it a threat.
We've also heard the President sort of reiterating his desire
for US control of Greenland.
What did he have to say there.
Yeah, that's right. He reiterated this desire that the US
should take over Greenland, and he very much couched it
in terms of national security. He said that, you know,
without Greenland, the US is essentially quite exposed to threats
from Russia and China. And what's interesting to note is
actually this isn't really new. He has been saying more
or less the same thing throughout the year, but in
the last few weeks and months it hasn't actually come
up much in his speeches. So it seems to now
be you know, very much in his thinking again, and
it does come on the heels of him and announcing
a new special envoy to Greenland. Unfortunately, he did not
really provide any details as to, you know, what the
strategy there is in terms of taking over Greenland. In
his first time, he suggested, you know, purchasing it from
from Denmark. But you know, for the longest time, he's
never really laid out a game plan for how he
wants to achieve that in this term, and last night
he didn't provide any more details other than, you know,
he would really like to see Greenland become you know,
for the US to take over Greenland.
And in our last thirty seconds, Alex. The president continues
to face questions around the disclosures in the Jeffrey Epstein files.
What's he saying there?
Yeah, so we had the batch on Friday that was
released by the Department of Justice. It was only partial
and many prominent figures were seen in those files, including
former President Bill Clinton, and interestingly enough, President Trump yesterday
actually voiced some sympathy for President Clinton that his reputation
had been tarnished through the release and said, you know,
the overall affair was essentially quite a sad one. But
he did not speak to actually the major issues, which
is the fact that the Justice Apartment has not released
all the files that actually, by law, should have done
by Friday, So that was sort of the omission was
actually the most interesting thing about that speech.
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