December 8, 2025 • 15 mins
On today's podcast:
1) President Donald Trump raised potential antitrust concerns around Netflix Inc.’s planned $72 billion acquisition of Warner Bros. Discovery Inc., noting that the market share of the combined entity may pose problems.
2) The Trump administration on Monday plans to unveil a long-awaited farm aid package, according to a White House official, offering $12 billion in assistance to a key base of support hit hard by low crop prices and the impact of the president’s tariff policies.
3) Yardeni Research now recommends effectively going underweight the Magnificent Seven megacap technology stocks versus the rest of the S&P 500, expecting a shift in earnings growth ahead.
See omnystudio.com/listener for privacy information.
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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 Lisa Matteo. Here
are the top stories we're following today.
Speaker 3 (00:15):
Lisa, we begin with new developments this morning on Warner
Brothers Discovery. President Trump is flagging concerns over Netflix, has
planned seventy two billion dollar acquisition of the company. The
deal is still in its early stages, but it would
bring together the world's dominant streaming service with the iconic
Hollywood movie studio. Praising Netflix CEO Ted Sarandos, whom he
(00:37):
met with recently, President Trump, though, is hinting to reporters
that regulators could take issue with the size of the
combined entity.
Speaker 4 (00:44):
And he's done one of the greatest jobs in the
history of movies and other things that He's got a
lot of interesting things happening aside from what you're talking about.
But it is a big market channel, there's no question
about it.
Speaker 5 (00:58):
It could be a problem.
Speaker 3 (00:59):
President Trump hosted Serrandos at the White House in mid November,
when the pair discussed the deal and checking shares of
Warner Brothers Discovery in the pre market, they are down
two percent.
Speaker 6 (01:08):
Well. Staying in Washington, Nathan.
Speaker 2 (01:10):
Later today, President Trump he plans to unveil a long
awaited aid package for farmers, a White House official tells Bloomberg.
The twelve billion dollar package includes eleven billion dollars in
one time payments under the Agriculture Department's farmer Bridge Assistance program.
The move comes with farmers getting more frustrated about China's
slow pace of resuming soybean and other agricultural purchases, but
(01:33):
US Trade Representative Jamison Greer says China is holding up
its end to the trade agreement with the US.
Speaker 7 (01:39):
The commitments are quite specific. They're about purchasing a certain
amount of soybeans, for example, through the rest of this
growing season and then each of the next years. These
are things that are quantifiable. The data are clear. We've
already seen that the Chinese are getting to about a
third of the way through their purchase commitment for this
growing season.
Speaker 2 (01:57):
US Trade Representative Jamison Greer appeared on Fox News. President
Trump is scheduled to unveil the farm aid this afternoon
at two pm Wall Street time, and an event with
crop farmers, Treasury Secretary Scott Besson and Agriculture Secretary Brook Rollins.
Speaker 5 (02:11):
Ahead of that event Lisa.
Speaker 3 (02:12):
Treasury Secretary Besson says the Trump administration is focused on affordability.
Speaker 5 (02:16):
He spoke yesterday on CBS's Face the Nation.
Speaker 8 (02:19):
Democrats created scarcity, whether it's an energy or over regulation,
that we are now seeing the suffordability problem, and I
think next year we're going to move on to prosperity.
Speaker 3 (02:31):
The Treasury Secretary Scott Besson says he expects the US
economy to end the year with three percent GDP growth.
And you can catch CBS's face the Nation Sunday afternoons
on Bloomberg Radio.
Speaker 2 (02:40):
Turning now to geopolitics, Nathan Defense Secretary Pete Hegseth he's
doubling down on deadly air strikes on suspected drug running
boats off the Venezuelan coast. At the Reagan Defense Forum
in California over the weekend, Hegseth defended Admiral Frank Bradley
for ordering a second strike that killed survivors aboard one
vessel on September second.
Speaker 5 (03:01):
From what I understood then and what I understand now,
I fully support that strike. I would have made the
same call myself.
Speaker 2 (03:08):
Defense Secretary Pete Hegseth says the Pentagon is reviewing video
of the attack. He's declining to say whether it will
be released to the public. Jim Hins is a top
Democrat on the House Intelligence Committee.
Speaker 6 (03:20):
He says a video should come to light.
Speaker 9 (03:22):
I think it's really important that people see what it
looks like when the full force of the United States
military has turned on two guys who are clinging to
a piece of wood and about to go under, just
so that they have sort of a visceral feel for
what it is that we're doing.
Speaker 2 (03:34):
Democratic Congressman Jim Hines appeared on CBS's Face a Nation
Heard every Sunday on Bloomberg Radio.
Speaker 3 (03:40):
Let's turn now, Lisa to the latest developments on ending
the war in Ukraine. UK Prime Minister Keir Starmer is
set to host Ukrainian President Vladimir Zelenski in London today.
The leaders of France and Germany will join the meeting
as well. Tony Halpin leads Bloomberg's Economic and government coverage
of Russia.
Speaker 10 (03:56):
The Europeans are trying to bolster the Ukraine's leverage at
this time because they themselves are not there, but at
the same time they want to help Ukraine maintain its
positions in the face of what is fairly considerable pressure
to agree to a deal. And the US has been
in direct negotiations with Ukraine and has been direct negotiations
with Russia. The peace plan that they are talking about
(04:18):
originated as a joint US Russia peace plan, and so
the European leaders are trying to ensure that Zelensky isn't
pushed into a corner and agrees to a deal that
doesn't secure Ukraine's long term security.
Speaker 5 (04:30):
That's Bloomberg's Tony Halpin.
Speaker 3 (04:32):
President Trump says he's disappointed in Zelenski's handling of the
US proposal to.
Speaker 6 (04:36):
End the war well staying in Europe. Nathan JP.
Speaker 2 (04:39):
Morgan CEO Jamie Diamond says bureaucracy is having a significant
impact on the continent's growth prospects. In an interview over
the weekend with Bloomberg's Caroline Hyde, Diamond also said a
fracturing of the continent could become a major problem for
the US.
Speaker 11 (04:54):
If they fragment, you know, then you could say that
you know that America First will not will not be
around anymore. We It will hurt us more than anybody
else because they are a major ally in every single way,
including common values, which are really important. So therefore I
think we should be using our American capabilities trained coercion, democracy, trade,
(05:17):
investment to urge them to do it in their own
self interest.
Speaker 2 (05:20):
Diamond's comments come at a difficult moment for US European relations,
as the two sides find themselves increasingly at odds on
issues ranging from Ukraine to trade and regulation. For the
full conversation, head over to the Bloomberg podcast channel on YouTube.
Speaker 3 (05:34):
Turning the Market's Now, Lisa, Futures are mixed this morning
ahead of Wednesday's rate decision from the Federal Reserve, and
we have a couple of big market calls this morning.
Morgan Stanley's Mike Wilson says US equities face a quote
bullish setup given expectations of great cuts and the outlook
for improving earnings. John Staltzfis, chief investment strategist at Oppenheimer
(05:55):
Asset Management, says the S and P five hundred will
surge eighteen percent in twenty twenty six as earnings per
share continue to rise in double digits, and Wall Street
Research veteran ed Yard Denny is now recommending underweighting the
magnificent seven megacap tech stocks versus the rest of the
s and P five hundred.
Speaker 12 (06:13):
It's hard to recommend overweighting something that's already quite overweight.
I mean, if you just told people just to maintain
the current weight of the index, that would still be
an overweight position relative to what most people will think
would be a diversified portfolio.
Speaker 3 (06:27):
And your Denny of Yard Denny Research instead recommends investing
in financials, industrials, and healthcare.
Speaker 2 (06:33):
In company news, Nathan the Wall Street Journal reporting IBM
is in advanced negotiations to acquire data infrastructure firm Confluent
for about eleven billion dollars. The paper says a deal,
which would mark one of IBM's biggest acquisitions in recent years,
could be announced as early as today. Chairs of Confluent
are thirty one percent in early trading.
Speaker 13 (06:56):
Time.
Speaker 2 (06:56):
Now for a look at some of the other stories
making news in New York and around the world that
we're joined by Bloomberg's Michael bar Good morning, Michael.
Speaker 14 (07:02):
Good morning, Lisa. A pre trial hearing is schedule to
resume today with the man accused of killing the CEO
of United Healthcare. A New York judge is considering whether
certain pieces of evidence can be used against Luigi Mangione
during his state trial. Mangioni's defense attorneys said that the
police did not read their client his Miranda rights. New
(07:25):
images were released over the weekend from the day of
Mangione's arrest. Those include a USB stick that he was
wearing as a necklace, a December fourth bus ticket from
Philadelphia to Pittsburgh, and a to do list that was
found folded up in his pocket. Israeli Prime Minister Benjamin
Dettan Yaho says Israel expects to move to the next
(07:46):
phase of the Gaza ceasefire plan soon. Detan Yahoo says
that he would discuss opportunities for peace with President Trump
when he meets him later this month. Det Yahoo also
voiced opposition to a Palestinian state.
Speaker 5 (08:00):
The purpose of.
Speaker 13 (08:01):
A Palestinian state is to destroy the one and only
Jewish date. They already had a state in Gaza, a
defactive state, and it was used to try to destroy
the one in only Jewish date.
Speaker 14 (08:14):
The truth between Israel and Amas remains fragile, with both
sides accusing the other of violations. The Trump administration has
released a new calendar that changes the free entry days
for national parks. It removes Martin Luther King Junior Day
and June teenth, both federal holidays, and adding Flag Day,
which is not a federal holiday on June fourteenth that
(08:37):
just happens to be President Trump's birthday. Pastor activist and
author Jamal Bryant, everything that.
Speaker 9 (08:43):
They did in the civil rights community is trying to
be erased and dismiss as if it never happened.
Speaker 14 (08:48):
Pastor Jamal Bryant and other critics say no sitting president
has had their birthday declared as a free day in
the park. Global News twenty four hours a day and
whenever you want it with the Bloomber News. Now, I'm
Michael Barrn. This is Bloomberg Leaser.
Speaker 6 (09:04):
Thanks Michael.
Speaker 2 (09:05):
Time now for our Bloomberg Sports update, and for that
we bring in John stash Hour.
Speaker 15 (09:09):
There were some big games in the NFL. The Packers
never trailed, but the Bears twenty eight to twenty one.
The Steelers held off the Ravens in Baltimore twenty seven
to twenty two. The Jadwars top the Colts thirty six
to nineteen. In all three cases, the winner now in
sole possession of first in their division. Last night, Euston
won at Kansas City twenty to ten. Looks said the
Chiefs are gonna miss the playoffs. Jeff Kent named for
(09:31):
induction of the Baseball Hall of Fame as the most
home runs ever for a second baseman, Notre Dame got
snubbed didn't make the college football playoff. That's your Bloomberg
Sports update.
Speaker 5 (09:41):
Stay with us.
Speaker 16 (09:42):
More from Bloomberg Daybreak coming up after this.
Speaker 1 (09:49):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business Altum.
Speaker 6 (09:58):
This is Bloomberg Daybreak.
Speaker 5 (09:59):
Good mone warning on Nathan Hager.
Speaker 3 (10:01):
One of the biggest mergers in Hollywood history could be
facing some pushback.
Speaker 5 (10:04):
In Washington, d C.
Speaker 3 (10:06):
President Trump is raising doubts about Netflix co CEO Ted
Sarandos and his planned seventy two billion dollar takeover of
Warner Brothers Discovery.
Speaker 4 (10:15):
He's got a lot of interesting things happening aside from
what you're talking about. But it is a big market share,
There's no question about it.
Speaker 5 (10:22):
Could be a problem.
Speaker 3 (10:23):
President Trump spoke ahead of the Kennedy Center Honors in
the Nation's capital. For more, we're joined by a Bloomberg
Market's reporter, Valerie Titel, and of course, Valerie, we are
very early days into this planned merger, but could we
be seeing this deal stopped in its tracks out of
the Nation's capital.
Speaker 5 (10:40):
Good morning.
Speaker 17 (10:40):
Well, well, look, if we take a look at the
market reaction in pre market, we are seeing Netflix and
Warner Brothers reverse some of Friday's moves. So there is
a bit of skepticism on this deal now that we
heard these comments from President Trump that the size of
their market share combined could be a problem. We've seen
also bets on the prediction marketplace polymarket, which did show
(11:00):
a sixty percent chance of the deal closing in twenty
twenty six, is now all the way down to twenty five.
So the market is showing some skepticism here that this
combined unit between Netflix and Warner Brothers could be something
that the regulators could declare as harmful to consumers. The
combined unit would have some four hundred and fifty million
(11:21):
users under one streaming giant, and it will face a
lengthy Justice Department review. We have heard from US lawmakers
on both parties, including Democratic Senator Elizabeth Warren already faulting
the transaction as harmful to the consumer base and the
European Union. Regulators are also likely to subject the Netflix
proposal to an intensive review.
Speaker 5 (11:43):
But it does follow some interesting Bloomberg reporting.
Speaker 17 (11:45):
That the co CEO of Netflix was at the White
House back in November met with President Trump for over
an hour to get Trump's blessing on the proposed deal,
and he did leave with the impression that Netflix wouldn't
face immediate oppoiceition from the White House. Now, the other
thing that could complimentate this is the other bidder for
Warner Brothers Discovery that was paramounts sky Dance could perhaps
(12:09):
do some lobbying efforts to try to disrupt the plan. Now,
Paramount Skuydance wanted to buy the whole company, and regulators
are more likely to approve of a Paramount Warner Brothers
a merger. So still a lot of drama in this
merger to play out, But it does seem like there
is a hint of skepticism now trading in the markets
about this deal closing.
Speaker 3 (12:27):
Yeah, interesting to hear that Paramount Skuiddance could potentially be
brought back into play here given the CEO David Ellison,
his fairly close ties to President Trump as well.
Speaker 5 (12:39):
I mean, how.
Speaker 3 (12:39):
Unusual is it to see this kind of politicization of a.
Speaker 5 (12:45):
Merger like this so early in the process.
Speaker 17 (12:48):
Well, at least one thing we know is that Trump
has had this push of deregulation. He has a new
head in the FTC, and they do have a flavor
of allowing companies a more activity like this. This does
perhaps pose a test to the White House whether they
stand by that commitment to deregulation, whether they would let
(13:08):
a deal like this go through. But it is very
interesting to see the politics so wrapped up. But in
a merger this size, Nathan, you're going to have many
regulators involved. As I mentioned, the European Union could also
get involved in this discussion as well. So it goes
down to the size of the merger and the massive
company it would create, with over four hundred million users
on one streaming giant platform if Netflix were to take
(13:31):
Warner Brothers Discovery.
Speaker 3 (13:32):
In our last minute, let's talk about the broader market here.
I think a lot of the focus this morning, probably
for the rest of this week, is going to be
on the Federal Reserve and the final decision of twenty
twenty five.
Speaker 17 (13:43):
Final decision for twenty twenty five, and while the markets
are wildly predicting the FED will cut interest rates by
twenty five basis points, we could be in for a
whopping number of descents in the voting. We've heard from
a raft of more hawkish FMC officials saying they're not
comfortable with cutting rates. Five of them have actually expressed
concerns in the last month. If they all dissent at
(14:06):
something that we have not seen in FED in modern
history of the Federal Reserve, a five descent decision if
they go ahead and cut interest rates on Wednesday, So
a fractured FED is the focus, and then the focus
is on the week after that. The backlog of data
the November CPI in non farm payroll reporters still do
before Christmas.
Speaker 16 (14:26):
This is Bloomberg day Break, your morning podcast on the
stories making news from Wall Street to Washington and beyond.
Speaker 2 (14:33):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 3 (14:39):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two to nine in Boston, and nationwide on
Sirius XM Channel one twenty one.
Speaker 2 (14:53):
Plus listen coast to coast on the Bloomberg Business App
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Speaker 16 (14:59):
And don't forge get 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 Nathan
Hager and.
Speaker 6 (15:12):
I'm Lisa Matteo.
Speaker 2 (15:14):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Lisa Matteo. Here
are the top stories we're following today.
Speaker 3 (00:15):
Lisa, we begin with new developments this morning on Warner
Brothers Discovery. President Trump is flagging concerns over Netflix, has
planned seventy two billion dollar acquisition of the company. The
deal is still in its early stages, but it would
bring together the world's dominant streaming service with the iconic
Hollywood movie studio. Praising Netflix CEO Ted Sarandos, whom he
(00:37):
met with recently, President Trump, though, is hinting to reporters
that regulators could take issue with the size of the
combined entity.
Speaker 4 (00:44):
And he's done one of the greatest jobs in the
history of movies and other things that He's got a
lot of interesting things happening aside from what you're talking about.
But it is a big market channel, there's no question
about it.
Speaker 5 (00:58):
It could be a problem.
Speaker 3 (00:59):
President Trump hosted Serrandos at the White House in mid November,
when the pair discussed the deal and checking shares of
Warner Brothers Discovery in the pre market, they are down
two percent.
Speaker 6 (01:08):
Well. Staying in Washington, Nathan.
Speaker 2 (01:10):
Later today, President Trump he plans to unveil a long
awaited aid package for farmers, a White House official tells Bloomberg.
The twelve billion dollar package includes eleven billion dollars in
one time payments under the Agriculture Department's farmer Bridge Assistance program.
The move comes with farmers getting more frustrated about China's
slow pace of resuming soybean and other agricultural purchases, but
(01:33):
US Trade Representative Jamison Greer says China is holding up
its end to the trade agreement with the US.
Speaker 7 (01:39):
The commitments are quite specific. They're about purchasing a certain
amount of soybeans, for example, through the rest of this
growing season and then each of the next years. These
are things that are quantifiable. The data are clear. We've
already seen that the Chinese are getting to about a
third of the way through their purchase commitment for this
growing season.
Speaker 2 (01:57):
US Trade Representative Jamison Greer appeared on Fox News. President
Trump is scheduled to unveil the farm aid this afternoon
at two pm Wall Street time, and an event with
crop farmers, Treasury Secretary Scott Besson and Agriculture Secretary Brook Rollins.
Speaker 5 (02:11):
Ahead of that event Lisa.
Speaker 3 (02:12):
Treasury Secretary Besson says the Trump administration is focused on affordability.
Speaker 5 (02:16):
He spoke yesterday on CBS's Face the Nation.
Speaker 8 (02:19):
Democrats created scarcity, whether it's an energy or over regulation,
that we are now seeing the suffordability problem, and I
think next year we're going to move on to prosperity.
Speaker 3 (02:31):
The Treasury Secretary Scott Besson says he expects the US
economy to end the year with three percent GDP growth.
And you can catch CBS's face the Nation Sunday afternoons
on Bloomberg Radio.
Speaker 2 (02:40):
Turning now to geopolitics, Nathan Defense Secretary Pete Hegseth he's
doubling down on deadly air strikes on suspected drug running
boats off the Venezuelan coast. At the Reagan Defense Forum
in California over the weekend, Hegseth defended Admiral Frank Bradley
for ordering a second strike that killed survivors aboard one
vessel on September second.
Speaker 5 (03:01):
From what I understood then and what I understand now,
I fully support that strike. I would have made the
same call myself.
Speaker 2 (03:08):
Defense Secretary Pete Hegseth says the Pentagon is reviewing video
of the attack. He's declining to say whether it will
be released to the public. Jim Hins is a top
Democrat on the House Intelligence Committee.
Speaker 6 (03:20):
He says a video should come to light.
Speaker 9 (03:22):
I think it's really important that people see what it
looks like when the full force of the United States
military has turned on two guys who are clinging to
a piece of wood and about to go under, just
so that they have sort of a visceral feel for
what it is that we're doing.
Speaker 2 (03:34):
Democratic Congressman Jim Hines appeared on CBS's Face a Nation
Heard every Sunday on Bloomberg Radio.
Speaker 3 (03:40):
Let's turn now, Lisa to the latest developments on ending
the war in Ukraine. UK Prime Minister Keir Starmer is
set to host Ukrainian President Vladimir Zelenski in London today.
The leaders of France and Germany will join the meeting
as well. Tony Halpin leads Bloomberg's Economic and government coverage
of Russia.
Speaker 10 (03:56):
The Europeans are trying to bolster the Ukraine's leverage at
this time because they themselves are not there, but at
the same time they want to help Ukraine maintain its
positions in the face of what is fairly considerable pressure
to agree to a deal. And the US has been
in direct negotiations with Ukraine and has been direct negotiations
with Russia. The peace plan that they are talking about
(04:18):
originated as a joint US Russia peace plan, and so
the European leaders are trying to ensure that Zelensky isn't
pushed into a corner and agrees to a deal that
doesn't secure Ukraine's long term security.
Speaker 5 (04:30):
That's Bloomberg's Tony Halpin.
Speaker 3 (04:32):
President Trump says he's disappointed in Zelenski's handling of the
US proposal to.
Speaker 6 (04:36):
End the war well staying in Europe. Nathan JP.
Speaker 2 (04:39):
Morgan CEO Jamie Diamond says bureaucracy is having a significant
impact on the continent's growth prospects. In an interview over
the weekend with Bloomberg's Caroline Hyde, Diamond also said a
fracturing of the continent could become a major problem for
the US.
Speaker 11 (04:54):
If they fragment, you know, then you could say that
you know that America First will not will not be
around anymore. We It will hurt us more than anybody
else because they are a major ally in every single way,
including common values, which are really important. So therefore I
think we should be using our American capabilities trained coercion, democracy, trade,
(05:17):
investment to urge them to do it in their own
self interest.
Speaker 2 (05:20):
Diamond's comments come at a difficult moment for US European relations,
as the two sides find themselves increasingly at odds on
issues ranging from Ukraine to trade and regulation. For the
full conversation, head over to the Bloomberg podcast channel on YouTube.
Speaker 3 (05:34):
Turning the Market's Now, Lisa, Futures are mixed this morning
ahead of Wednesday's rate decision from the Federal Reserve, and
we have a couple of big market calls this morning.
Morgan Stanley's Mike Wilson says US equities face a quote
bullish setup given expectations of great cuts and the outlook
for improving earnings. John Staltzfis, chief investment strategist at Oppenheimer
(05:55):
Asset Management, says the S and P five hundred will
surge eighteen percent in twenty twenty six as earnings per
share continue to rise in double digits, and Wall Street
Research veteran ed Yard Denny is now recommending underweighting the
magnificent seven megacap tech stocks versus the rest of the
s and P five hundred.
Speaker 12 (06:13):
It's hard to recommend overweighting something that's already quite overweight.
I mean, if you just told people just to maintain
the current weight of the index, that would still be
an overweight position relative to what most people will think
would be a diversified portfolio.
Speaker 3 (06:27):
And your Denny of Yard Denny Research instead recommends investing
in financials, industrials, and healthcare.
Speaker 2 (06:33):
In company news, Nathan the Wall Street Journal reporting IBM
is in advanced negotiations to acquire data infrastructure firm Confluent
for about eleven billion dollars. The paper says a deal,
which would mark one of IBM's biggest acquisitions in recent years,
could be announced as early as today. Chairs of Confluent
are thirty one percent in early trading.
Speaker 13 (06:56):
Time.
Speaker 2 (06:56):
Now for a look at some of the other stories
making news in New York and around the world that
we're joined by Bloomberg's Michael bar Good morning, Michael.
Speaker 14 (07:02):
Good morning, Lisa. A pre trial hearing is schedule to
resume today with the man accused of killing the CEO
of United Healthcare. A New York judge is considering whether
certain pieces of evidence can be used against Luigi Mangione
during his state trial. Mangioni's defense attorneys said that the
police did not read their client his Miranda rights. New
(07:25):
images were released over the weekend from the day of
Mangione's arrest. Those include a USB stick that he was
wearing as a necklace, a December fourth bus ticket from
Philadelphia to Pittsburgh, and a to do list that was
found folded up in his pocket. Israeli Prime Minister Benjamin
Dettan Yaho says Israel expects to move to the next
(07:46):
phase of the Gaza ceasefire plan soon. Detan Yahoo says
that he would discuss opportunities for peace with President Trump
when he meets him later this month. Det Yahoo also
voiced opposition to a Palestinian state.
Speaker 5 (08:00):
The purpose of.
Speaker 13 (08:01):
A Palestinian state is to destroy the one and only
Jewish date. They already had a state in Gaza, a
defactive state, and it was used to try to destroy
the one in only Jewish date.
Speaker 14 (08:14):
The truth between Israel and Amas remains fragile, with both
sides accusing the other of violations. The Trump administration has
released a new calendar that changes the free entry days
for national parks. It removes Martin Luther King Junior Day
and June teenth, both federal holidays, and adding Flag Day,
which is not a federal holiday on June fourteenth that
(08:37):
just happens to be President Trump's birthday. Pastor activist and
author Jamal Bryant, everything that.
Speaker 9 (08:43):
They did in the civil rights community is trying to
be erased and dismiss as if it never happened.
Speaker 14 (08:48):
Pastor Jamal Bryant and other critics say no sitting president
has had their birthday declared as a free day in
the park. Global News twenty four hours a day and
whenever you want it with the Bloomber News. Now, I'm
Michael Barrn. This is Bloomberg Leaser.
Speaker 6 (09:04):
Thanks Michael.
Speaker 2 (09:05):
Time now for our Bloomberg Sports update, and for that
we bring in John stash Hour.
Speaker 15 (09:09):
There were some big games in the NFL. The Packers
never trailed, but the Bears twenty eight to twenty one.
The Steelers held off the Ravens in Baltimore twenty seven
to twenty two. The Jadwars top the Colts thirty six
to nineteen. In all three cases, the winner now in
sole possession of first in their division. Last night, Euston
won at Kansas City twenty to ten. Looks said the
Chiefs are gonna miss the playoffs. Jeff Kent named for
(09:31):
induction of the Baseball Hall of Fame as the most
home runs ever for a second baseman, Notre Dame got
snubbed didn't make the college football playoff. That's your Bloomberg
Sports update.
Speaker 5 (09:41):
Stay with us.
Speaker 16 (09:42):
More from Bloomberg Daybreak coming up after this.
Speaker 1 (09:49):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business Altum.
Speaker 6 (09:58):
This is Bloomberg Daybreak.
Speaker 5 (09:59):
Good mone warning on Nathan Hager.
Speaker 3 (10:01):
One of the biggest mergers in Hollywood history could be
facing some pushback.
Speaker 5 (10:04):
In Washington, d C.
Speaker 3 (10:06):
President Trump is raising doubts about Netflix co CEO Ted
Sarandos and his planned seventy two billion dollar takeover of
Warner Brothers Discovery.
Speaker 4 (10:15):
He's got a lot of interesting things happening aside from
what you're talking about. But it is a big market share,
There's no question about it.
Speaker 5 (10:22):
Could be a problem.
Speaker 3 (10:23):
President Trump spoke ahead of the Kennedy Center Honors in
the Nation's capital. For more, we're joined by a Bloomberg
Market's reporter, Valerie Titel, and of course, Valerie, we are
very early days into this planned merger, but could we
be seeing this deal stopped in its tracks out of
the Nation's capital.
Speaker 5 (10:40):
Good morning.
Speaker 17 (10:40):
Well, well, look, if we take a look at the
market reaction in pre market, we are seeing Netflix and
Warner Brothers reverse some of Friday's moves. So there is
a bit of skepticism on this deal now that we
heard these comments from President Trump that the size of
their market share combined could be a problem. We've seen
also bets on the prediction marketplace polymarket, which did show
(11:00):
a sixty percent chance of the deal closing in twenty
twenty six, is now all the way down to twenty five.
So the market is showing some skepticism here that this
combined unit between Netflix and Warner Brothers could be something
that the regulators could declare as harmful to consumers. The
combined unit would have some four hundred and fifty million
(11:21):
users under one streaming giant, and it will face a
lengthy Justice Department review. We have heard from US lawmakers
on both parties, including Democratic Senator Elizabeth Warren already faulting
the transaction as harmful to the consumer base and the
European Union. Regulators are also likely to subject the Netflix
proposal to an intensive review.
Speaker 5 (11:43):
But it does follow some interesting Bloomberg reporting.
Speaker 17 (11:45):
That the co CEO of Netflix was at the White
House back in November met with President Trump for over
an hour to get Trump's blessing on the proposed deal,
and he did leave with the impression that Netflix wouldn't
face immediate oppoiceition from the White House. Now, the other
thing that could complimentate this is the other bidder for
Warner Brothers Discovery that was paramounts sky Dance could perhaps
(12:09):
do some lobbying efforts to try to disrupt the plan. Now,
Paramount Skuydance wanted to buy the whole company, and regulators
are more likely to approve of a Paramount Warner Brothers
a merger. So still a lot of drama in this
merger to play out, But it does seem like there
is a hint of skepticism now trading in the markets
about this deal closing.
Speaker 3 (12:27):
Yeah, interesting to hear that Paramount Skuiddance could potentially be
brought back into play here given the CEO David Ellison,
his fairly close ties to President Trump as well.
Speaker 5 (12:39):
I mean, how.
Speaker 3 (12:39):
Unusual is it to see this kind of politicization of a.
Speaker 5 (12:45):
Merger like this so early in the process.
Speaker 17 (12:48):
Well, at least one thing we know is that Trump
has had this push of deregulation. He has a new
head in the FTC, and they do have a flavor
of allowing companies a more activity like this. This does
perhaps pose a test to the White House whether they
stand by that commitment to deregulation, whether they would let
(13:08):
a deal like this go through. But it is very
interesting to see the politics so wrapped up. But in
a merger this size, Nathan, you're going to have many
regulators involved. As I mentioned, the European Union could also
get involved in this discussion as well. So it goes
down to the size of the merger and the massive
company it would create, with over four hundred million users
on one streaming giant platform if Netflix were to take
(13:31):
Warner Brothers Discovery.
Speaker 3 (13:32):
In our last minute, let's talk about the broader market here.
I think a lot of the focus this morning, probably
for the rest of this week, is going to be
on the Federal Reserve and the final decision of twenty
twenty five.
Speaker 17 (13:43):
Final decision for twenty twenty five, and while the markets
are wildly predicting the FED will cut interest rates by
twenty five basis points, we could be in for a
whopping number of descents in the voting. We've heard from
a raft of more hawkish FMC officials saying they're not
comfortable with cutting rates. Five of them have actually expressed
concerns in the last month. If they all dissent at
(14:06):
something that we have not seen in FED in modern
history of the Federal Reserve, a five descent decision if
they go ahead and cut interest rates on Wednesday, So
a fractured FED is the focus, and then the focus
is on the week after that. The backlog of data
the November CPI in non farm payroll reporters still do
before Christmas.
Speaker 16 (14:26):
This is Bloomberg day Break, your morning podcast on the
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Speaker 2 (14:33):
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Speaker 16 (14:59):
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Speaker 6 (15:12):
I'm Lisa Matteo.
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Join us again tomorrow morning for all the news you
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