All Episodes

January 17, 2025 • 16 mins

On today's podcast:

1) Netanyahu Says Israel-Hamas Deal to Pause Gaza War On Track

2) Bessent Clears Senate Grilling, Paving Way for Confirmation

3) Apple, Amazon, Netflix to Stream LA Fires Charity Concert

See omnystudio.com/listener for privacy information.

Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.

Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.

Speaker 3 (00:15):
Karen, we begin with the latest developments in the Middle East.
Israeli Prime Minister Benjamin NETANYAHUO says an agreement with Hamas
to pause the war in Gaza has been finalized. That
suggests the truce will begin on Sunday. We get the
latest from Bloomberg's Oliver Crook in Tel Aviv.

Speaker 4 (00:30):
On Sunday, you will begin the ceasefire. That means that
all the sort of fighting will be paused in Gaza
for six weeks. We understand that will also mean the
release of three female hostages to begin on Sunday. There's
a total of thirty three that would be released over
this sort of six week phase. Then you get three
or four hostages every sort of four or five.

Speaker 3 (00:47):
Days over the next few weeks.

Speaker 4 (00:48):
As that happens, prisoners will be returned from the Israeli
side to the Palestinian side. We understand those will be
by the hundreds, certainly over one thousand, and critically, the
troops will be progressively pulled out of the populated areas
of God and basically will be evacuated to the eastern
flank of the Strip, and it will also allow for
humanitarian aid to sort of come in at a much
larger pace than.

Speaker 3 (01:07):
It has Bloomberg's Allikook and Tel Aviv, reports Natagnat, who's
ordered his security cabinets to meet to approve the truce.
That meeting is now underway.

Speaker 2 (01:15):
Well, Nathan, the Supreme Court has signal that's ready to
rule as soon as today on the law that would
ban TikTok in the US unless it finds a new owner.
But even if the High Court upholds the ban, TikTok
could win a reprieve. We get more on that with
the Bloomberg's genis are ready.

Speaker 5 (01:30):
The law calls for TikTok to shut down this Sunday
unless it's Chinese owner, by dance, lines up a buyer
for its US operations, But this Sunday falls before a
federal holiday in President elect Trump's inauguration, so Biden administration
officials say that essentially punts the issue to the next administration.
The law also allows for a ninety day extension if
a serious purchase negotiation is underway. Trump's incoming National Security

(01:55):
advisor says they'll find a way to keep the deadline going.
Democrats in the Senate have also entered who is to
build that would give TikTok another two hundred and seventy
days to reach a deal. Gina Cervetti Bloomberg Radio.

Speaker 3 (02:06):
Well, Gina, thank you. As you mentioned, we are just
three days away from Donald Trump being sworn in for
his second term. Chinese President Shi Jinping will skip the
inauguration on Monday, but he's sending Vice President Han Jiang instead.
Nvidia CEO Jensen Wong is also expected to miss the inaugural.
Sources to say he's visiting East Asia this week, but
there will be plenty of high profile US technology leaders there.

(02:29):
They include Apple CEO Tim Cook, Amazon co founder Jeff Bezos,
as well as Elon musk.

Speaker 2 (02:36):
Well Nathan, one of Trump's key cabinet pigs, is on
track to be confirmed. After a confirmation hearing that lasted
for hours. Treasury Secretary nominee Scott besst Warren lawmakers that
they must extend the twenty seventeen tax cuts or risk
an economic crisis, and Bloomberg's Amy Morris has more from Washington.

Speaker 6 (02:53):
Besn't called extending the twenty seventeen tax cuts the single
most important economic issue of the day.

Speaker 7 (02:59):
If we do not renew an extent, we will be
facing an economic calamity that falls on the middle and
working class people.

Speaker 6 (03:08):
Hasn't told lawmakers that if Donald Trump wanted to get
rid of the debt limit, he would quote work with
him and you on that the United.

Speaker 7 (03:16):
States is not going to default on its debt if
I'm confirmed.

Speaker 6 (03:20):
And Besant told lawmakers he would support Russian oil sanctions.

Speaker 7 (03:23):
I will be one hundred percent on board for taking
sanctions up, especially on the Russian oil majors, two levels
that would bring Russian Federation to the table.

Speaker 6 (03:34):
And he said he respected the federal reserves independence over
monetary policy. In Washington, Amy Morris Bloomberg Radio, Amy.

Speaker 3 (03:41):
Thank you, and President Electrump may also be close to
picking a new head of the Secret Service. CNN is
reporting he's expected to name his current Secret Service Detail leader,
Sean Current, to be the new director.

Speaker 2 (03:53):
Well, Nick, and we're learning more about the government cyber
attack that the Treasury Department is blamed on Chinese state
sponsored hackers. Sources tell Bloomberg's the brand the breach when
as high within the agency as it could get. Treasury
Secretary Agenet Yellen's computer was said to be breached, along
with those of her two top lieutenants, Deputy Secretary Wally
Atayemo and Acting under Secretary Brad Smith. Our sources a

(04:17):
fewer than fifty of Yellen's files were accessed and nothing
classified was taken, but the hackers appeared to focus on
Treasury's role in sanctions, intelligence, and international affairs.

Speaker 3 (04:27):
I want to turn out Karen to the latest on
the wildfires in Los Angeles, and right now it looks
like firefighters are making progress. Let's get the update now
from Bloomberg's John Tucker, John and Nathan.

Speaker 8 (04:38):
The gusting wins that have rattled the region for more
than a week have now subsided, giving the firefighters a
much needed boost as they mop up hopspots. Forty thousand
acres have burned in two ferocious fires. Electricity, gas and
sewage lines they're wrecked, and there's toxic waste everywhere. There's
also a growing threat of hazardous mud slides. And if

(04:59):
that's not enough, the California Attorney General Rob Bonta Tael's
residents to beware of scammers.

Speaker 9 (05:05):
Folks across the region are being preyed upon by greedy
businesses and landlords, scam artists, and predatory buyers looking to
make a quick buck off their pain. They are seeking
to revictimize the victims of the fires.

Speaker 8 (05:23):
The two largest fires, the palle Stags and Eaten Fires.
They continue to burn, but fire crews are again making progress.
The death toll that's risen to twenty seven and the
search for the missing continues. On John Tucker Bloomberg Radio.

Speaker 2 (05:35):
All Right, John, thank you well. A concert to raise
money for the Los Angeles wildfire victims will be held
on January thirtieth. It'll be broadcast on multiple streaming services
including Netflix, Amazon, and Apple, as well as in select
AMC theaters and on radio and music streaming sites. Billie Eilish,
Lady Yaga, and the Red Hot Chili Peppers are among
those expected to perform.

Speaker 3 (05:57):
Let's turn now to space we have SpaceX launched its
Starship Rocket on its latest test flight, but the spacecraft
was destroyed following a thrilling booster catch back at the pad.
Elon Musk's company says Starship broke apart in what it

(06:18):
called a rapid unscheduled assembly. The spacecraft's six engines appeared
to shut down one by one during a cent with
contact loss just eight and a half minutes into the flight.
The spacecraft is a new and upgraded model making its debut.
It was packed with ten dummy satellites for practice at
releasing them. A minute before the loss, SpaceX used the
launch tower's giant mechanical arms to catch the returning booster.

(06:41):
That's a feat that's only been achieved once before.

Speaker 2 (06:43):
Well, Nathan. We turned to the markets, and futures are
higher as we close out the trading week. Bank of
America says Donald Trump's returned to the White House will
likely protect stocks from a big sell off. The firm
strategists say investors will focus on Trump's protectionist agenda and
proposals for lower corporate taxes.

Speaker 3 (07:00):
And Karen Bloomberg News has learned Rio Tinto and the
glen Core have conducted early stage talks around a merger.
A combination of these two would create a company larger
than industry leader BHP Group. And we get more from
Bloomberg's Paul Allen, this would be a behemoth. This is
the big one.

Speaker 10 (07:16):
Rio Tinto's going to market cap of about one hundred
and three billion, Glenn Call's worth about fifty five billion,
and if you put those two together, yeah, you'd get
an entity that surpasses the world's biggest minu bhp. So
this would be a huge, huge deal, the biggest stay
ever in the mining space if it goes ahead.

Speaker 3 (07:33):
Bloomberg's Paul Allen says the discussions took place as recently
as late last year, but are not currently active.

Speaker 6 (07:43):
And it's time now for.

Speaker 2 (07:44):
A look at some of the other stories making news
in New York and around the world. And for that
we're joined by Bloomberg's and Michael Barr Michael good Morning,
Good morning Karen.

Speaker 11 (07:52):
New York Mayor Eric Adams, who is under a federal indictment.
We'll meet with Donald Trump at the president of a
Lex Mari Lago estate today. According to Adams aids, the
two men would discuss New Yorker's priorities. Trump has voiced
his support for Adams in the past, even saying he
would take a look at a possible pardon for him
if needed. Former New York City Mayor Rudy Giuliani will

(08:15):
keep his apartments and World Series rings a federal judge
in New York was set to decide whether Giuliani would
have to hand them over to two election workers who
sued him for defamation. Ruby Freeman and Shay Moss won
a one hundred and forty eight million dollar judgment against him.
In thursday surprise settlement, Giuliani agreed to provide the plaintiffs

(08:36):
with unspecified compensation and promised not to defame them again
outside the court. Giuliani's attorney, Joseph Camarata, stressed that the
settlement does not include an omission of guilt.

Speaker 10 (08:48):
After long negotiations over the last seventy two hours from
going well into will be hours of the night, all parties.

Speaker 2 (08:56):
Resar resolution this case for the satisfactory.

Speaker 11 (08:59):
In old parties, Giuliani has already turned over many belongings
and the terms were not disclosed. His son, Andrew Giuliani, well, I.

Speaker 10 (09:08):
Just want to say, as a son, as an American,
I'm so proud of my father to see what he's
been put through over the last four years.

Speaker 11 (09:17):
Giuliani never showed up to court, and for several hours
it was a mystery as to why until his attorney
announced the settlement. Governor Cathy Hockle announced increased overnight security
on New York City subway trains.

Speaker 12 (09:29):
We are deploying an additional to seven hundred and fifty NYPD,
and I want to bolster the police presence overnight.

Speaker 11 (09:37):
Governor Hokel says it's part of a seventy seven million
dollar strategy that will also see three hundred more officers
on overnight trains. President Joe Biden will commute the sentences
of nearly twenty five hundred non violent drug offenders whose
sentences were longer than they receive under current standards. The
White House said in a statement this morning that the

(09:57):
list includes people who received longer sent says four offenses
related to crack cocaine as compared to powder cocaine. Global
News twenty four hours a day and whenever you want
it with Bloomberg News Now Michael Barr and this is Bloomberg.

Speaker 2 (10:10):
Care Ray, Michael Barr, thank you time now for the
Bloomberg Sports update, brought to you by Try State Outye.
Here's John stash Hour, John, good morning.

Speaker 13 (10:22):
Good morning care and the Ranger road trip ended at Utah.
Rangers trailed going to the third period, had not won
a game all season, went down after two, but they
scored three in the third and won five to three.
They're four to Zho to two in their last six games.
The Devil since winning six to seven, have lost seven
of nine. Got a point, but after leading three different times,
they fell at Toronto four to three in overtime at

(10:42):
Ubs Islanders beaten by Philadelphia five to three. The Capitals
won one nothing at Ottawa on an alex Sovechkin goal
in overtime. Big NBA game at Oklahoma City. The Thunder
lost to the Calves in Cleveland last week, but they
won this one one thirty four to one fourteen. OKAC
led by thirty eight going to the fourth quarter eight
Gilgess Alexander is the favorite right now to the NBA MVP.

(11:04):
He scored forty points. Both teams have the same record
thirty four and six. Nick Tonight it's Minnesota. The Nets
still in La where they just lost to the Clippers
by fifty nine. Tonight they faced the Lakers. Australian Open
third round wins for Carlos alcaaz Cooco Goff, women's top
seed Arena Sabalanka and Novak Djokovic is playing now and
he has a two set lead the Mets with a

(11:24):
resigning of a free agent. It's not Pete Alonzo, not
yet anyway. It's Jesse Winker, who they acquired at the
trade deadline. He helped them in their postseason run. Signed
for one year, nine million. Bob Uker passed away the
voice of his hometown Milwaukee Brewers for fifty four years.
Uker had in unspectacular playing career in the nineteen sixties,
a lifetime batting average of two hundred he joked about it,

(11:46):
and over one hundred appearances on The Tonight Show with
Johnny Carson, which led to Miller like commercials, the movie
Major League, and the sitcom Mister Belvedere. He was inducted
to the Broadcasters Winging the Hall of Fame in two
thousand and three.

Speaker 14 (11:58):
It's been a great run, but number one has always
been baseball for me.

Speaker 8 (12:04):
No matter what else I ever did.

Speaker 14 (12:06):
Baseball was the only way I wanted to go.

Speaker 13 (12:09):
You can, mister Baseball was mauns the actually that we're
Bloomberg Sports Karny.

Speaker 1 (12:16):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.

Speaker 3 (12:26):
Good morning. I'm Nathan Hager. A ceasefire deal in Gaza
may be back on track. Israeli Prime Minister Benjamin Natanyah,
who says an agreement has been finalized to pause the
fighting with Ikahamas for six weeks and his cabinet is
meeting now to vote on it. Joining us from Tel
Aviv for the latest Bloomberg News Israel Bureau Chief Ethan Bronner. Ethan,
thanks for being back here with us this morning. So

(12:46):
how do we expect this vote to go down?

Speaker 14 (12:49):
Well, just to be clear, this is the Security Cabinet,
that's the inner group of eleven ministers out of thirty something.
It will pass there in the process of looking at
it now, there will be two votes against it, for sure.
These are the too far right ministers mo Church and
Ben Vere But I think they're the only ones who

(13:10):
are going to vote against it in this cabinet meeting today.
Then there will be a subsequent one later today or
on Saturday night of the entire cabinet. Also, no reason
to expect any problem. And then the expectation now is
that the process the very painful and long process of
these six weeks will begin on Sunday.

Speaker 3 (13:30):
What is the objection from the far right ministers?

Speaker 14 (13:33):
The far right is a very upset that the government has,
from their perspective, given up on goals that they had
said were not to be compromised, that is, to destroy
Hamas totally and not to let those who are in
Israeli prisons HAMAS members who have killed Israelis out back

(13:56):
into circulation. There are hundreds of them will go out,
and they will, the right says, and that's not a
crazy thought, go back into action and try again to
carry out violent acts against Israeli. So for them this
is a crazy thing and not worth the return of

(14:17):
the hostitgens.

Speaker 3 (14:18):
In terms of how the ceasefire is expected to go,
what are we expecting? How is it to be enforced?

Speaker 14 (14:25):
Well, I mean, I don't know if there's really an
important there's no sort of international enforcement measure. But you know,
in theory on Sunday when it begins, three hostages and
they may be dead or they may be living, we
don't know will be returned to Israel. We don't know
what time in exchange for some large number of Palestinian

(14:47):
prisoners who will be freed. It's thirty for a normal
quote unquote Israeli fifty for a female. So therefore I
can't give you the exact number that will happen. And
then the Israeli troops will start to to move out
of Rafach and Gaza City and the northern Gaza area
to the outskirts of the strip. And at the same time,

(15:09):
through I think several crossings, we'll see hundreds of trucks
of food and fuel and medicine and reconstruction materials begin
to go in.

Speaker 3 (15:19):
And there is a big question of what comes after.
You mentioned the objections from the far right ministers, but
once the ceasefire is over, there's still going to be
a dozens of hostages remaining. So what does come next?

Speaker 12 (15:30):
Potentially you think about thirty seconds, okay, So look on
the sixteenth day of this deal, they begin to negotiate
the second phase, and in theory it's about ending the
war and that's something that the far right is opposed
to and the sum on the NASO.

Speaker 14 (15:45):
Far right are opposed to as well. So the likelihood
of breaking down after six weeks is high.

Speaker 2 (15:51):
This is Bloombery Daybreak, your morning podcast, and the stories
making news from Wall Street to Washington and beyond.

Speaker 3 (15:58):
Look for us on your podcast feed six am Eastern
each morning, on Apple, Spotify, or anywhere else you listen.

Speaker 2 (16:04):
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.

Speaker 3 (16:19):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android Atto interfaces.

Speaker 2 (16:24):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.

Speaker 3 (16:37):
And I'm Nathan Hager. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Daybreay
Advertise With Us

Popular Podcasts

Stuff You Should Know
Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

On Purpose with Jay Shetty

On Purpose with Jay Shetty

I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.