Deadly LA Fires Rage On; Supreme Court Allows Trump Sentencing

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.240 --> 0:00:13.440 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.440 --> 0:00:15.160 are the stories we're following today. 0:00:15.360 --> 0:00:18.239 Karen, we begin with new developments on those deadly wildfires 0:00:18.280 --> 0:00:21.280 still burning in the Los Angeles area. Bloomberg's John Tucker 0:00:21.360 --> 0:00:23.080 joins us now with the very latest. 0:00:22.840 --> 0:00:25.840 John, Nathan, the Los Angeles County Medical exam at are 0:00:25.840 --> 0:00:29.080 overnight now confirms ten people have died in the fires. 0:00:29.680 --> 0:00:33.800 This resident of Pacific Palisades echoed the harsh reality. 0:00:33.680 --> 0:00:37.560 Pacific Palisades right now could just be taken off the map. 0:00:38.320 --> 0:00:40.040 It's there is no Pacific Palisades. 0:00:40.240 --> 0:00:43.640 And finally a measure of good news, the Pacific Palisades 0:00:43.680 --> 0:00:46.960 fire showing early signs of control. The Kenneth fire that 0:00:47.040 --> 0:00:49.519 broke out and expanded rapidly north of the one oh 0:00:49.520 --> 0:00:53.279 one Freeway is thirty five percent contained. But with that 0:00:53.360 --> 0:00:55.440 comes news of a new blaze in the far west 0:00:55.480 --> 0:00:58.440 section of the city. La Mayor Karen Bass. 0:00:58.480 --> 0:01:01.960 We are expecting this fire who rapidly spread due to 0:01:02.080 --> 0:01:02.720 high winds. 0:01:03.040 --> 0:01:06.039 President Elect Trump couldn't resist the urge to weigh in, 0:01:06.120 --> 0:01:07.960 taking aim at the governor and the mayor. 0:01:08.400 --> 0:01:11.720 I think that Gavin is largely incompetent, and I think 0:01:11.760 --> 0:01:15.360 the mayor is largely incompetent, and probably both of them 0:01:15.360 --> 0:01:17.640 are just stone cold and competent. 0:01:17.680 --> 0:01:19.319 What they've done is terrible. 0:01:19.520 --> 0:01:22.559 The fires have scorched more than thirty thousand acres, They've 0:01:22.640 --> 0:01:25.400 raised homes and businesses, and forced about one hundred and 0:01:25.400 --> 0:01:29.160 eighty thousand residents to flee. The economic losses have been 0:01:29.280 --> 0:01:32.880 estimated up to one hundred and fifty billion dollars, which 0:01:32.880 --> 0:01:37.200 would rank among the costliest natural disasters in modern US history. 0:01:37.360 --> 0:01:38.919 I'm John Tucker, Bloomberg Radio. 0:01:39.280 --> 0:01:41.920 All right, John, thank you. Well, another story we're following 0:01:41.920 --> 0:01:45.520 this morning. In just hours from now, President elect Donald 0:01:45.560 --> 0:01:47.840 Trump will be sentenced for his conviction in the New 0:01:47.920 --> 0:01:51.120 York hush money criminal case. This comes after the Supreme 0:01:51.120 --> 0:01:55.120 Court refused to interfere. Bloomberg Law anchor June Grosso says 0:01:55.120 --> 0:01:57.920 Trump will not be sentenced to any time behind bars. 0:01:58.160 --> 0:02:01.160 Judge murshawan and lot of people when he first came 0:02:01.160 --> 0:02:03.360 out and said I'm not going to give him any sentence, 0:02:03.360 --> 0:02:05.880 said well, what's the point of the sentencing? Then, well, 0:02:05.920 --> 0:02:09.560 the point is that now Trump couldn't say that, Oh, 0:02:09.680 --> 0:02:12.680 the judge may sentence me to time, or the judge 0:02:12.720 --> 0:02:16.360 may sentence me to probation, or who knows what. Because 0:02:16.400 --> 0:02:18.160 the judge had said, I'm not going to sentence you 0:02:18.200 --> 0:02:20.600 to anything. I'm going to give you what's called an 0:02:20.720 --> 0:02:25.639 unconditional discharge. And basically what this is is a symbolic sentencing, 0:02:26.240 --> 0:02:30.080 so that Trump is now, yes, a convicted felon, and 0:02:30.120 --> 0:02:32.680 that felony is on the books in New York. 0:02:33.040 --> 0:02:35.760 Bloomberg law Houster in Grosso says Trump can still appeal 0:02:35.800 --> 0:02:38.040 the verdict in New York state courts, and the case 0:02:38.080 --> 0:02:41.600 could ultimately return to the US Supreme Court for final resolution. 0:02:41.919 --> 0:02:44.600 Well Karen, Attorney General Mayrick Garland is racing to release 0:02:44.639 --> 0:02:47.880 special counsel Jack Smith's report on Trump's effort to overturn 0:02:47.919 --> 0:02:50.520 the twenty twenty election, but a federal appeals court has 0:02:50.600 --> 0:02:53.880 left that in limbo. The court rejected requests from Trump 0:02:53.919 --> 0:02:56.600 and his former co defendants to stop the report from 0:02:56.600 --> 0:02:59.040 becoming public, but the court also ruled that if the 0:02:59.200 --> 0:03:01.600 Justice Department wants to release it sooner, it has to 0:03:01.680 --> 0:03:04.120 challenge a lower court ruling that delayed the release by 0:03:04.120 --> 0:03:08.359 another three days. DOJ lawyers filed that challenge after our 0:03:08.480 --> 0:03:12.440 hours after the Appeals Court decision, Trump's associates could also 0:03:12.600 --> 0:03:15.120 appeal this ruling or ask the Supreme Court to step in. 0:03:15.680 --> 0:03:18.600 Well, Nathan, it's now just ten days until Donald Trump 0:03:18.639 --> 0:03:21.040 takes the oath of office for a second time, and 0:03:21.080 --> 0:03:24.360 he's promised a flurry of actions on day one. Now 0:03:24.360 --> 0:03:26.640 we're getting the details on what he's got planned, and 0:03:26.680 --> 0:03:29.120 we get that story with Bloomberg's Jeff Billinger. 0:03:29.280 --> 0:03:33.720 Trump is planning executive orders on immigration, energy, federal workers, 0:03:33.720 --> 0:03:37.480 and regulatory reform in his first few hours in office. 0:03:37.560 --> 0:03:41.600 Bloomberg News has learned. The immigration orders include tighter restrictions 0:03:41.600 --> 0:03:45.320 on border crossings, a mandate to finish unbuilt portions of 0:03:45.360 --> 0:03:49.560 the border wall, a framework for carrying out mass deportations, 0:03:49.600 --> 0:03:53.400 and in order to withhold federal resources from sanctuary cities. 0:03:53.760 --> 0:03:57.320 The President elect is also planning a federal hiring freeze 0:03:57.480 --> 0:04:00.880 and a return to officeman date for federal wars. And 0:04:01.040 --> 0:04:05.320 on energy, Trump is expected to authorize drilling on federal lands. 0:04:05.760 --> 0:04:07.680 Jeff Bollinger, Bloomberg Radio. 0:04:08.160 --> 0:04:09.080 Okay, Jeff, thank you. 0:04:09.280 --> 0:04:11.800 President elect Trump says he's planning to meet with Russian 0:04:11.840 --> 0:04:13.200 President Vladimir Putin. 0:04:13.320 --> 0:04:14.480 After he takes office. 0:04:14.600 --> 0:04:16.760 At a meeting with Republican governors at mar A Lago, 0:04:16.800 --> 0:04:19.000 Trump told a reporter that the Russian leader wants to 0:04:19.040 --> 0:04:20.680 meet and they are setting it up. 0:04:20.760 --> 0:04:22.720 We get more from Bloomberg's John Hirskovitz. 0:04:22.839 --> 0:04:25.080 Trump said that if a meeting were to come, it 0:04:25.080 --> 0:04:29.120 would come after the inauguration. There's no set date, no 0:04:29.240 --> 0:04:32.840 set time, just this announcement that he's looking to have 0:04:32.880 --> 0:04:33.360 the meeting. 0:04:33.920 --> 0:04:37.680 Bloomberg's John Herskovitz reports the Kremlin says there are no 0:04:37.839 --> 0:04:41.159 specifics on a meeting, but Putin has repeatedly stated that 0:04:41.279 --> 0:04:43.640 he is open to talking with President elect Trump. 0:04:44.000 --> 0:04:46.320 Well Nathan A confirmation hearing is set for one of 0:04:46.360 --> 0:04:50.480 Donald Trump's key appointments Todays before he takes office. Scott Bessen, 0:04:50.640 --> 0:04:53.919 Trump's nominee for a Treasury secretary, will appear before the 0:04:54.000 --> 0:04:56.040 Senate Finance Committee next Thursday. 0:04:56.240 --> 0:04:58.920 Think Karen, the current president, is getting slammed by one 0:04:58.960 --> 0:05:02.280 of the world's most v companies, and Nvidia is criticizing 0:05:02.320 --> 0:05:05.280 new chip export restrictions expected to be announced soon by 0:05:05.279 --> 0:05:08.400 the Biden administration. The company says the White House is 0:05:08.440 --> 0:05:12.679 trying to undercut the incoming administration by imposing last minute rules. 0:05:13.040 --> 0:05:14.880 The ar Darling says those. 0:05:14.640 --> 0:05:17.119 New rules will harm the US economy and do nothing 0:05:17.200 --> 0:05:20.240 to promote national security. In the pre market, shares of 0:05:20.360 --> 0:05:22.280 Nvidia are down more than one percent. 0:05:22.920 --> 0:05:24.960 Well, let's turn to the markets now, Nathan and Wall 0:05:25.000 --> 0:05:28.240 Street gets back to work with a huge economic report 0:05:28.360 --> 0:05:30.760 on the agenda. We get the December jobs report later 0:05:30.839 --> 0:05:33.840 this morning, and here's a preview with Bloomberg's Michael McKee. 0:05:34.040 --> 0:05:36.359 The number of jobs created in December will be a 0:05:36.400 --> 0:05:40.840 surprise for someone. The range of forecasts is unusually wide, 0:05:40.880 --> 0:05:44.000 from one hundred twenty thousand to two hundred and sixty 0:05:44.040 --> 0:05:47.120 eight thousand, reflecting differing views of the state of the 0:05:47.160 --> 0:05:50.000 labor market. Something near the low end would be the 0:05:50.040 --> 0:05:52.880 only thing to bother FED officials. However, minutes of their 0:05:52.960 --> 0:05:56.320 last meeting released this week made it clear they feel 0:05:56.360 --> 0:05:59.839 labor markets remain in good shape. The unemployment rate matters 0:06:00.160 --> 0:06:03.000 or to the central bankers, any big rise could be 0:06:03.040 --> 0:06:05.960 seen as a reason to reconsider this suggestion. They will 0:06:06.000 --> 0:06:09.880 pause rate cuts this month. Michael McKee Bloomberg Radio. 0:06:09.880 --> 0:06:12.000 Mike, thank you, and for those employed on Wall Street, 0:06:12.080 --> 0:06:14.239 it could be a big bonus season. According to people 0:06:14.279 --> 0:06:17.040 briefed on the plans. Executives at top investment banks are 0:06:17.040 --> 0:06:19.960 planning to award traders and deal makers with their largest 0:06:20.000 --> 0:06:24.080 bonus increases since the pandemic. Ten percent hikes are more 0:06:24.120 --> 0:06:27.560 expected at many desks. The bonus increases reflect an upturn 0:06:27.600 --> 0:06:30.120 in business and optimism for the year ahead, and are 0:06:30.160 --> 0:06:33.320 intended to help retain employees in a competitive industry. 0:06:36.720 --> 0:06:38.039 And it's time now for look at some of the 0:06:38.040 --> 0:06:40.760 other stories making news in New York and around the world. 0:06:40.880 --> 0:06:42.760 And for that we're joined by Bloomberg's Michael Barr. 0:06:42.880 --> 0:06:44.640 Michael, good Morning, Good morning Karen. 0:06:44.720 --> 0:06:48.320 Former President Jimmy Carter was interred alongside his late wife 0:06:48.400 --> 0:06:51.680 Rosland Carter in Plains, Georgia, the same town where they 0:06:51.680 --> 0:06:55.720 were born, lived most of their lives, and died yesterday. 0:06:55.760 --> 0:06:59.919 Carner was hornored with dual funerals. His afternoon funeral and 0:07:00.080 --> 0:07:03.000 Plains was a small affair limited to family, friends and 0:07:03.080 --> 0:07:08.440 members of Marinatha Baptist Church. Carter's personal pastor, Tony Loden, 0:07:08.640 --> 0:07:11.640 said the former president dedicated his life to service. 0:07:12.080 --> 0:07:16.560 His covenant to spread joy is a testament to his character. 0:07:16.680 --> 0:07:20.960 In his leadership, he advocated for justice, fairness and equality 0:07:21.280 --> 0:07:25.120 for all people, regardless of race, creed, or gender in 0:07:25.200 --> 0:07:27.120 America all around the world. 0:07:27.920 --> 0:07:32.200 Earlier Thursday, President Joe Biden eulogized the thirty ninth president 0:07:32.320 --> 0:07:34.240 at Carter state funeral in Washington. 0:07:34.520 --> 0:07:39.520 I miss him, but I take solace and knowing and 0:07:39.600 --> 0:07:40.320 he is beloved. 0:07:40.360 --> 0:07:43.360 Rosland are reunited again. 0:07:44.040 --> 0:07:46.800 Jimmy Carter died December twenty ninth at age one hundred. 0:07:47.320 --> 0:07:49.880 A man who fled to avoid serving a nine month 0:07:49.960 --> 0:07:53.480 prison sentence for storming the US Capitol on January sixth 0:07:53.800 --> 0:07:57.960 has been arrested in Canada. Anthony Voe from Bloomington, Indiana, 0:07:58.120 --> 0:08:01.720 was arrested in Whistler, British Columbia. He skipped out on 0:08:01.800 --> 0:08:04.560 a court order to report last June for his nine 0:08:04.600 --> 0:08:09.320 month prison stint. Another blast of winter storms is closing schools, 0:08:09.360 --> 0:08:12.760 snarling flights, and putting millions of residents on alert across 0:08:12.800 --> 0:08:16.040 parts of the Deep South and south central US. Heavy 0:08:16.040 --> 0:08:20.480 snowfall and icy conditions are likely today in Mississippi, Georgia, Kentucky, 0:08:20.520 --> 0:08:24.119 and Tennessee. New York Mayor Eric Adams says the city 0:08:24.160 --> 0:08:27.160 plans to create one hundred thousand new housing units and 0:08:27.280 --> 0:08:30.920 invest six hundred and fifty million dollars to address homelessness 0:08:30.960 --> 0:08:34.760 and mental health issues. Adams made the announcement during his 0:08:34.960 --> 0:08:37.800 fourth State of the City address at the Apollo Theater 0:08:37.960 --> 0:08:38.600 in Harlem. 0:08:38.760 --> 0:08:41.120 When we came into office, we said the days of 0:08:41.200 --> 0:08:44.760 letting people language on our streets as subways were over. 0:08:45.840 --> 0:08:49.400 It was not safe, it was not humane, and it 0:08:49.520 --> 0:08:52.880 was not going to continue under our launch. 0:08:53.280 --> 0:08:57.840 Mayor Adams also proposed an expansion of programs involving youth mentorship, 0:08:57.920 --> 0:09:02.079 career readiness, and college preparation. Global news twenty four hours 0:09:02.120 --> 0:09:04.560 a day and whenever you wanted with the Bloomberg News. 0:09:04.600 --> 0:09:07.280 Now Michael Barr, and this is Bloomberg. 0:09:06.840 --> 0:09:13.920 Karen, Sorry, Michael Barr, thank you time now for the 0:09:13.920 --> 0:09:17.000 Bloomberg Sports Update, brought to you by Tri State Outie. 0:09:17.040 --> 0:09:18.440 Here is John Stanshawer. 0:09:18.520 --> 0:09:20.120 John, Good morning, Good morning care And there are a 0:09:20.120 --> 0:09:22.520 lot of one sided games through the first two rounds 0:09:22.520 --> 0:09:25.640 of the expanded college football left. Not the case in Miami's. 0:09:25.679 --> 0:09:28.120 The semifinals began with the orange ball. Penn State had 0:09:28.160 --> 0:09:30.240 a ten to nothing lead. Notre Dames toward the next 0:09:30.280 --> 0:09:34.400 seventeen had two long second half touchdown drives Nicholas Singleton 0:09:34.760 --> 0:09:37.079 scored three times for Penn State, twice at a two 0:09:37.080 --> 0:09:38.600 and a half minute span of the fourth quarter to 0:09:38.640 --> 0:09:41.360 retake the lead, and then a long bean time strike 0:09:41.440 --> 0:09:42.280 by Notre Dame. 0:09:42.440 --> 0:09:44.439 To go second down at eight ten. 0:09:44.520 --> 0:09:47.840 State leads by a touchdown letter thrill. 0:09:47.760 --> 0:09:52.480 Food open Charin and glide us a fine a Jarlin, 0:09:52.600 --> 0:09:55.920 red of Stars set State. 0:09:55.760 --> 0:09:59.240 Si yes being the ball, and then after an interception 0:09:59.520 --> 0:10:02.679 Mitche send Notre Dame into the championship game of the 0:10:02.800 --> 0:10:05.640 forty one yard field goal second seven seconds left. The 0:10:05.640 --> 0:10:09.240 Irish won twenty seven to twenty four. The second semifinal 0:10:09.240 --> 0:10:12.320 game is tonight in Dallas, Texas and Ohio State. The 0:10:12.440 --> 0:10:15.000 NFL has moved Monday's playoff game between the Rams and 0:10:15.040 --> 0:10:18.320 Vikings out of Los Angeles. It'll be played in Phoenix. 0:10:18.440 --> 0:10:20.720 Rams coach Saan McVay spoke yesterday in. 0:10:20.760 --> 0:10:24.240 La those deals that almost doesn't feel real, but it 0:10:24.280 --> 0:10:26.520 certainly is real to the people that are affected, and 0:10:27.080 --> 0:10:30.240 you know, praying, you know that as many people are okay, 0:10:30.320 --> 0:10:32.079 and you know, you just see the amount of people 0:10:32.080 --> 0:10:35.320 that are affected in it's you know, it's one of 0:10:35.320 --> 0:10:37.160 those deals that you know, it gives you perspective. 0:10:37.400 --> 0:10:39.959 Chargers had their final practice in LA before going to 0:10:40.000 --> 0:10:42.600 Houston for tomorrow's playoff game. Joey Bosa lives near an 0:10:42.600 --> 0:10:45.320 evacuation area, said he hopes he still has his house 0:10:45.320 --> 0:10:48.320 when he gets back. Lakers home game with Charlotte postpone. 0:10:48.400 --> 0:10:51.960 Lakers coach JJ Reddick lives in Palisades. His home has 0:10:52.000 --> 0:10:54.320 been lost, same with the home that Golden State coach 0:10:54.320 --> 0:10:56.880 Steve Kirk grew up in. His ninety year old mother 0:10:56.920 --> 0:10:59.160 had to be evacuated at the Garden Range. With the 0:10:59.160 --> 0:11:02.240 Devil's three two Sam Carrick goll midway through overtime, Islanders 0:11:02.280 --> 0:11:04.679 a four nothing win in Vegas. Rutgers lost at home 0:11:04.720 --> 0:11:08.079 to Produce sixty eight to fifty. Nick Hos to Oklahoma 0:11:08.120 --> 0:11:10.840 City tonight, the Thunder lead the West at thirty and six. 0:11:11.160 --> 0:11:13.760 John Stanshy I learned Bloomberg Sports Tarny eating. 0:11:16.200 --> 0:11:20.360 Coast to Coast on Bloomberg Radio, nationwide, on Sirius Exam, 0:11:20.480 --> 0:11:23.320 and around the world on Bloomberg dot Com and the 0:11:23.360 --> 0:11:26.480 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:26.840 --> 0:11:28.160 Good morning. I'm Nathan Hager. 0:11:28.200 --> 0:11:30.920 Both President dele Like Donald Trump and the Biden administration 0:11:31.000 --> 0:11:33.240 have taken legal hits. With less than two weeks before 0:11:33.240 --> 0:11:35.680 Trump returns to the White House. The Supreme Court is 0:11:35.720 --> 0:11:38.760 refusing to delay this morning sentencing in Trump's New York 0:11:38.800 --> 0:11:41.480 hush money conviction, and an appeals court is keeping the 0:11:41.520 --> 0:11:45.520 release of special counsel Jack Smith's report on Trump in limbo. Now, 0:11:45.559 --> 0:11:47.720 when it comes to the Supreme Court case, the President 0:11:47.760 --> 0:11:50.000 delect says he's okay with the decision. 0:11:50.520 --> 0:11:53.160 I respect the court's opinion. It was a I think 0:11:53.160 --> 0:11:55.320 it was actually a very good opinion for us because 0:11:55.320 --> 0:11:58.920 you saw what they said. But they invited the appeal, 0:11:59.080 --> 0:12:01.000 and the appeal is the bigger issue. 0:12:01.160 --> 0:12:04.200 President Elect Trump spoke there with the reporter at mar Lago. 0:12:04.360 --> 0:12:07.959 Joining us this morning is Terry Haines, the founder of Pangaeopolicy. 0:12:08.280 --> 0:12:10.719 Great to speak with you again this morning, Terry. And 0:12:10.760 --> 0:12:13.640 that bigger issue that the President elect is talking about 0:12:13.720 --> 0:12:16.320 is the issue of presidential immunity and whether it applies 0:12:16.360 --> 0:12:19.320 to a president elect. So could we see this case 0:12:19.720 --> 0:12:22.280 continue even after this morning sentencing? 0:12:22.320 --> 0:12:27.360 Good morning, good morning data. Yeah, we could probably see 0:12:27.360 --> 0:12:29.560 it continue in the sense that you know, these things 0:12:29.600 --> 0:12:31.600 are like the walking dead, and it seems to never 0:12:31.640 --> 0:12:36.160 go away. But they were, I to be advising the 0:12:36.160 --> 0:12:38.520 president elect, I would not advise him to get to 0:12:39.559 --> 0:12:43.600 be too optimistic about this. You know, the the court's 0:12:43.640 --> 0:12:46.120 points were really twofold. First is the issues can be 0:12:46.160 --> 0:12:49.200 handled in the regular appeals process, and secondly that the 0:12:49.240 --> 0:12:53.360 sentencing today won't be a burden on the president elect 0:12:53.400 --> 0:12:57.280 in any way. Those are both true. The broader issue, though, 0:12:57.440 --> 0:13:02.040 as far as immunity goes, is the presidential immunity goes, 0:13:02.080 --> 0:13:04.640 I think does not end up in Trump's favor. Whatever 0:13:04.760 --> 0:13:09.480 else this is, it's not presidential conduct. Presidential immunity. The 0:13:09.520 --> 0:13:15.480 courts drew a fairly tight reign around the issue of 0:13:15.520 --> 0:13:19.199 presidential immunity and its recent decision. It is not the 0:13:19.840 --> 0:13:22.080 open ended immunity. A lot of people like to say 0:13:22.080 --> 0:13:25.440 politically that it might be. So what's going to end 0:13:25.480 --> 0:13:28.160 up happening here? I think more likely than not is 0:13:28.200 --> 0:13:32.240 that the conviction ends up standing because it's whatever else 0:13:32.280 --> 0:13:34.360 it is, it's that of a private citizen. 0:13:34.920 --> 0:13:38.200 How much do you expect this issue, the presidential immunity issue, 0:13:38.240 --> 0:13:41.080 to continue to be a focus for president like Trump 0:13:41.160 --> 0:13:43.720 once he becomes president in less than two weeks. 0:13:43.760 --> 0:13:45.760 When we're hearing that he's already. 0:13:45.400 --> 0:13:47.720 Got a flurry of executive orders planned on a bunch 0:13:47.720 --> 0:13:48.240 of issues. 0:13:48.840 --> 0:13:50.720 Well, I think it's you know, I think it's a 0:13:50.720 --> 0:13:53.480 minor irritant for Trump, and I think the sentencing is 0:13:53.520 --> 0:13:59.559 a political positive. The unbalanced. Frankly, you had this massive 0:13:59.600 --> 0:14:05.000 campaign to destroy and harass Trump, bring all kinds of lawsuits, 0:14:05.160 --> 0:14:08.559 justified or otherwise, and the net result of it looks 0:14:08.600 --> 0:14:11.800 like the equivalent of a parking ticket, and that'll be 0:14:12.000 --> 0:14:15.640 uh and that'll be used, I think politically well for 0:14:15.760 --> 0:14:18.839 Trump and put everybody back on their heels, particularly when 0:14:18.880 --> 0:14:21.280 you consider it against the backdrop of all the troubles 0:14:21.280 --> 0:14:22.920 that are going on in New York City, some of 0:14:22.920 --> 0:14:25.880 which you were just all reporting on the perception of crime, 0:14:26.000 --> 0:14:28.960 the homeless, subways, and everything else makes the city look 0:14:29.040 --> 0:14:33.520 like its own priorities are out of whack. On the 0:14:33.560 --> 0:14:38.360 immigration issues that you know, they're relevant for markets, because 0:14:38.400 --> 0:14:40.280 there's there's going to be a signal on day one 0:14:40.320 --> 0:14:44.240 on immigration matters. Are we talking about only targeting criminals, 0:14:44.240 --> 0:14:47.960 which Trump and his people have been saying for some time. 0:14:48.000 --> 0:14:50.800 Are we only talking about a subset of people who 0:14:50.800 --> 0:14:53.480 shouldn't be in the country anyway? Are we talking about 0:14:53.480 --> 0:14:55.920 some kind of mass deportations the way that the lot 0:14:55.960 --> 0:14:59.080 of the press likes to talk about this will be 0:14:59.120 --> 0:15:01.960 relevant for skilled workers, the H one b vs. The issue, 0:15:01.960 --> 0:15:04.840 and a whole bunch of other things. So markets will 0:15:04.840 --> 0:15:07.280 be looking at that, I think with some trepidation and 0:15:08.040 --> 0:15:09.200 react our. 0:15:09.160 --> 0:15:09.960 Last minute terry. 0:15:09.960 --> 0:15:13.280 The president ellect also says a meeting is being arranged 0:15:13.360 --> 0:15:17.760 some time after the inauguration with Russian President Vladimir Putin. 0:15:17.840 --> 0:15:19.680 How concerned does Ukraine need to be? 0:15:21.080 --> 0:15:24.480 I don't think Ukraine needs to be concerned. The question 0:15:24.560 --> 0:15:27.800 is going to be for Ukraine is exactly what Trump's 0:15:27.840 --> 0:15:31.720 trying to do and whether Ukraine will be involved in 0:15:31.760 --> 0:15:33.960 the process. And Trump says that they will be that 0:15:34.080 --> 0:15:36.560 of course they'll be end up being signatorius to whatever 0:15:36.600 --> 0:15:39.000 deal there is. You know, but I looked at this 0:15:39.080 --> 0:15:43.920 as a little bit vaporous without disparaging the president elect, 0:15:44.560 --> 0:15:46.840 you know, the idea that there might be some meeting, 0:15:47.640 --> 0:15:49.680 of course, has been mooted out there for some time, 0:15:49.760 --> 0:15:52.360 So continue to tickle that. I think it doesn't really 0:15:52.360 --> 0:15:54.280 move the ball forward in any way or Today. 0:15:54.720 --> 0:15:58.120 This is Bloomberg Daybreak, your morning podcast on the stories 0:15:58.200 --> 0:16:01.240 making news from Wall Street to Washington and beyond. 0:16:01.480 --> 0:16:03.880 Look for us on your podcast feed by six am 0:16:03.920 --> 0:16:07.320 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:07.520 --> 0:16:10.400 You can also listen live each morning starting at five 0:16:10.440 --> 0:16:13.040 am Wall Street Time on Bloomberg eleven three to zero 0:16:13.160 --> 0:16:16.040 in New York, Bloomberg in ninety nine to one in Washington, 0:16:16.120 --> 0:16:20.000 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:20.240 --> 0:16:21.800 XM Channel one twenty one. 0:16:22.200 --> 0:16:24.960 Plus listen coast to coast on the Bloomberg Business app 0:16:25.000 --> 0:16:27.800 now with Apple CarPlay and Android Atto interfaces. 0:16:28.000 --> 0:16:31.040 And don't forget to subscribe to Bloomberg News Now. It's 0:16:31.040 --> 0:16:33.800 the latest news whenever you want it. In five minutes 0:16:33.880 --> 0:16:37.000 or less. Search Bloomberg News Now on your favorite podcast 0:16:37.040 --> 0:16:41.200 platform to stay informed all day long. I'm Karen Moscow. 0:16:41.000 --> 0:16:41.960 And I'm Nathan Hager. 0:16:42.120 --> 0:16:44.200 Join us again tomorrow morning for all the news you 0:16:44.240 --> 0:16:46.960 need to start your day right here on Bloomberg dabray