December 16, 2025 • 17 mins
On today's podcast:
1) US negotiators offered more significant security guarantees to Kyiv as part of President Trump’s renewed push to end the Russia-Ukraine war, but the effort still appeared part of a bid to pressure President Volodymyr Zelenskiy on territory. The Trump administration offered to provide Ukraine with strong “Article 5-like” security guarantees — a reference to NATO’s mutual defense clause — as part of the current deal to find a diplomatic solution to the conflict, a US official told reporters, without providing any details. Later on Monday, Trump said a negotiated end to the war was “closer than” ever and that the US was working with Europe on security guarantees. But then he appeared to suggest Ukraine ought to give up land as part of the deal.
2) Nick Reiner, 32, was arrested and booked for the murder of his parents, the Hollywood director and actor Rob Reiner and photographer Michele Singer Reiner. The son was being held in jail in Los Angeles on no bail, the Los Angeles Police Department said in a statement on X. The case will be presented to the Los Angeles County District Attorney for filing consideration on Tuesday. Reiner, who directed 1980s classics like The Princess Bride and This Is Spinal Tap, was found dead Sunday at his home with his wife, both of whom appeared to have died from stab wounds, NBC News and other outlets reported, citing a source close to the family.
3) Shock over a shooting rampage at Brown University over the weekend is giving way to frustration over the lack of video footage and suspects. Authorities in Providence, Rhode Island, said Monday they hadn’t identified any new persons of interest in the shooting that killed two people and injured nine on the Ivy League campus Saturday afternoon. A person detained earlier was released late Sunday, and officials have said a lack of clear security-camera footage from inside the Barus & Holley engineering building where the shooting took place has slowed the search.
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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:09):
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 on the effort to
end the war in Ukraine. Ukrainian President Vladimir Zelenski says
he has an agreement with the US to make security
guarantees legally binding through a vote in Congress as part
of a deal to end the war with Russia. Zelenski
expects the US to consult next with Russia, while Ukrainian
negotiators may return to America for weekend talks. President Trump
(00:37):
says the conflict is nearing resolution.
Speaker 4 (00:40):
I think we're closer now, and they will tell you
that they're closer now. We had numerous conversations with President
Putin of Russia, and I think we're closer now than
we have been ever.
Speaker 3 (00:53):
President Trump made those remarks after he talked to a
gathering of European leaders yesterday hosted by German Chancellor Friedrich Meritz.
Speaker 2 (01:00):
Now to the latest on the death of actor director
Rob Reiner. Nathan, the Hollywood Icon's son is being held
this morning in the stabbing deaths of his father and mother,
Michelle Singer Reiner in their Brentwood home. Here's Los Angeles
Police Chief Jim McDonald.
Speaker 5 (01:15):
Nick Reiner a suspect in this case.
Speaker 4 (01:18):
He was subsequently booked for murder and is being held.
Speaker 2 (01:22):
LA Police Chief Jim McDonald says prosecutors will decide charges
for Nick Reiner later today. He's being held without bail.
Rob Rinder's death has led to an outpouring of tributes
in the entertainment and political worlds. Reiner was a longtime
donor to democratic and liberal causes. President Trump is reacting
to Reiner's death with scorn.
Speaker 4 (01:40):
I wasn't a fan of his at all. He was
a deranged person as far as Trump is concerned.
Speaker 2 (01:46):
President Trump spoke after he claimed on social media that
Reiner died of quote Trump derangement syndrome that sparked backlash
from some of the president's fellow Republicans. Conservative commentator Eric
Ericson drews with Republican calls for civility after the death
of Charlie Kirk.
Speaker 3 (02:04):
Meanwhile, Karen the Manheunt continues this morning for the shooter
in the mass shooting at Brown University. The shock over
the rampage that killed two students and wounded nine others,
is giving way to frustration over the investigation. A person
of interest who has detained over the weekend has been released,
and police and Providence, Rhode Island have yet to name
any new suspect. Since Talia Levine is a student at Brown.
Speaker 6 (02:26):
Overall, the sentiment amongst students has just been deep rooted
distress and fear that this could happen in a place
that we consider so safe in our home.
Speaker 3 (02:37):
Brown's student Talia Levine, spoke as police released three more
videos and two photos of a suspect wearing dark clothing,
a cap and a face mask. Here's Rhode Island Governor
Daniel McKee.
Speaker 7 (02:46):
We want to make sure that all Rhode Islanders know
that everything is physically possible is being done and partnering
in with our federal the FBI, our state law enforcement,
and also the local law enforcement to bring an individual
and identify and bring that person to justice.
Speaker 3 (03:05):
Governor Daniel McKee and other officials have said there's no
clear security camera footage from the building where the shooting
took place, and that has hampered the search. The FBI
is offering fifty thousand dollars for information that leads to
an arrest and conviction.
Speaker 2 (03:18):
Well, Nathan, let's get the latest now and the terror
attack in Australia. Authority say early indications point the attack,
which killed at least fifteen people at a Bondai Beach
Honika celebration, was inspired by the Islamic State. Again, more
on the information on the father and son attackers from
Bloomberg's Angus Whitley in Sydney.
Speaker 8 (03:38):
They did travel to the Philippines last month, though it's
not clear what they did there or where specifically they went.
But they have found too homemade ISIS flags in a
car they suspectly belonged to the two gunmen. And that's
pretty much all they're willing to say. But in the
in the update in the press conference this afternoon, they
were really bombarded and want with questions because there's so
(04:02):
many unanswered questions about the response to antisemitism, about the
police presence. There was heavy enough for security.
Speaker 2 (04:09):
Heavy enough, and Bloomberg's Angus Whitley says. Labor Prime Minister
Anthony Albinisi rejected criticism of his handling of escalating attacks,
while urging Australians to rally around the Jewish community well Karin.
Speaker 3 (04:22):
The US military has attacked three more alleged drug boats,
killing a total of eight people. US Southern Command says
the strikes were carried out in the Eastern Pacific at
the direction of Defense Secretary Pete Hegseth. The operation has
raised questions about whether the strikes violate international law and
whether the boats were actually carrying Fentanel Nathan.
Speaker 2 (04:40):
President Trump is suing the BBC for at least ten
billion dollars over what he claims was a misleading edit
in their documentary last year. The Eddie gave the impression
the President made a direct call for violence in his
speech ahead of the attack on the US Capitol on
January sixth, twenty twenty one. Bloomberg'sy went Pos reports from.
Speaker 5 (04:58):
London donalds on Stephan.
Speaker 9 (05:00):
Lawsuit against the BBC was filed yesterday in federal court
in Miami. The US President says he's suing the broadcaster
for quote putting words in my mouth. The Panorama documentary
made it appear that Trump told his supporters they should
walk down to the Capitol and fight like hell. In fact,
he said they should cheer on our brave senators and congressmen.
Speaker 10 (05:20):
And women.
Speaker 9 (05:21):
The fight like hell remark was from a much later
part of the speech. Trump's lawyer claims the incident is
part of the BBC's long standing pattern of manipulating President
Trump's speeches. The BBC has previously apologized the President but
rejected his demands for compensation, saying there is no basis
for a defamation claim. In London, I'm you in parts
(05:42):
Bloomberg Radio.
Speaker 3 (05:43):
Okay you and thank you. Let's turn now to the
markets and the economy. Futures are lower ahead of some
key economic data. Along awaited November jobs report that was
not released on time due to the government shutdown finally
comes out this morning. We get a preview now from
Bloomberg's Michael McKee.
Speaker 11 (06:00):
This Job's report will be a bear for investors accustomed
to making snap trades when the data are released. The
usual bed is on the change in jobs and unemployment
compared with expectations and the last release. But the last
payrolls data we have is from September and we'll only
get half of the October release. The household survey with
unemployment figures will be missing because the data couldn't be collected.
(06:23):
Add to that, uncertainty about government employment after doze firings
and the government shutdown, that'll make analyzing the combined two
month report difficult. Still, it will be data, and it
will get a lot of attention on Wall Street, although
the FED will likely put much more weight on this
month's numbers. Reported on January ninth, Michael McKee Bloomberg.
Speaker 2 (06:42):
Radio, all right, Michael, thank you, and company news. Ford
Motor Company is taking nineteen and a half billion dollars
in charges as it pulls back sharply from electric vehicles.
The company says it overbuilt battery capacity and underestimated how
hard it would be to make evs profitable. As part
of the shift, the automaker is canceling a planned electric
F series truck while shifting production toward gas and hybrid vehicles.
(07:05):
Fords CEO Jim Farley spoke to Bloomberg.
Speaker 12 (07:08):
It was really the customer changing their decision. You know,
we saw hybrid's really take off last couple of years,
Like you know, last month about well, we had thirty
percent increase in our hybrid sales. We're now number three
in our I think we're eighty percent hybrid market share
and trucks. So we saw this happening. We also saw
the more expensive evs, you know, really suffering the market,
(07:31):
and the more affordable evs to do better.
Speaker 2 (07:33):
For Its CEO Jim Farley, notes that the EV unit
lost five point one billion dollars last year, with more
red ink expected in twenty twenty five. Still, Ford raised
its profit outlooks and cost cuts and a shift and
more profitable vehicles are paying off. Get the full conversation
on the Bloomberg Podcast channel on YouTube.
Speaker 3 (07:52):
Karen the nasdac's looking to extend trading hours on its
stock venues to twenty three hours a day during the
work week. The firm has asked the Security an Exchange
Commission from Parission to add an additional trading session from
nine pm to four am Eastern time. Other exchanges have
also outlined their own paths to extend trading hours on
their venues, including the New York Stock Exchange, which plans
(08:13):
to offer twenty two hours a day of trading.
Speaker 2 (08:16):
Nathan and bi partisan group of senators is making a
long shot bid to break a stalemate over healthcare subsidies,
while also acknowledging that time has run out to pass
legislation before the credits expire.
Speaker 9 (08:27):
At the end of the year.
Speaker 2 (08:29):
The political uncertainty surrounding the future of the covid era
subsidies complicates matters for millions of consumers facing out of
pocket costs doubling or more. If lawmakers can agree on
a path forward. The current open at Roman period expires
January fifteenth. House Minority Leader HOCKEYM. Jeffrey slammed his GOP
colleagues for refusing to extend the credits from the very beginning.
Speaker 13 (08:51):
Republicans have made their intentions clear. They don't want to
see the Affordable Care ACTAX credits extended because they don't
support providing affordable healthcare to everyday Americans.
Speaker 2 (09:02):
AUS Minority Leader HOCKEYM. Jeffries Republican Senator Susan Collins, who's
part of the bipartisan talk, says a vote could happen
as soon as early next year. She says that could
trigger a new or expanded open enrollment period for the
Obamacare exchanges. Time now for a look at some of
the other stories making news in New York and around
(09:24):
the world, and for that we're joined by Bloomberg's John Tucker,
John good mordeh.
Speaker 14 (09:28):
And Good Morning Karen Hedge. Fund billionaire Stephen Cohen is
among those winning formal approval to open casinos in New
York City. That story this morning from Bloomberg's Charlie Pennett.
Speaker 10 (09:38):
It marks the first time in the city's modern history
that full scale gambling parlors will operate legally in the
Five Borrows. The decision by the New York State Gaming
Commission culminates a decade long process to allow as many
as three new casinos to be built in the city
and its surrounding suburbs. That sets the stage for two
(09:59):
project in Queens and one in the Bronx. State officials
have estimated gaming revenue from the three casinos could reach
five and a half billion by twenty thirty three in
New York. Charlie Pellot Bloomberg Radio.
Speaker 14 (10:12):
Leading Jewish groups in the United States are urging all
Jewish organizations to increase security measures at public events as
follows the deadly mass shooting in Australia. The APE says
the groups advised that Jewish public events should be open
only to people who had been screened after pre registering.
President Trump says he's reclassifying fence and al and his
(10:32):
latest push to ratchet up pressure on Latin America over
a drug trafficking The Trump administration waide a similar designation
in the president's first term, which allowed the Department of
Homeland Security to access money for detecting and eliminating weapons
of mass destruction if The Trump administration said in a
court filing yesterday that the President's White House ballroom construction
(10:53):
project must continue for unexplained national security reasons. The administration
also says theist organization that wants to stop it, there's
no standing. The filing was in a response to a
lawsuit filed last Friday by the National Trust for Historic Preservation.
Global News twenty four hours a day and whenever you
want it with Bloomberg News Now. I'm John Tucker, and
(11:15):
this is Bloomberg Karen.
Speaker 2 (11:17):
Thanks Sean time now for our Bloomberg Sports update, and
for that we bring in John stash Hour.
Speaker 15 (11:22):
Thanks Karen. Pittsburgh Steelers were down three ninety then scored
twenty eight straight points and the Steelers beat the Dolphins
and Mother Night Football twenty eight to fifteen. Aaron Rodgers
a couple of touchdown passes. Pittsburgh scored three tds in
a thirteen minute span of the second half at eight
and six. They lead the Ravens by one game. NBA
in Utah, the Jazz beat the Mads in overtime, but
the Dallas rookie Cooper Flags scored forty two points. He's
(11:45):
eighteen years old. He's the youngest in NBA history to
score forty. The Knicks play the Spurs tonight in Las
Vegas for the NBA Cup. That's for Bloomberg Sports Update.
Speaker 2 (11:54):
Stay with us. More from Bloomberg day Break coming up
after this.
Speaker 1 (12:02):
Coast to coast on Bloomberg Radio nationwide on Serious Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business Apple. This is Bloomberg Daybreak.
Speaker 10 (12:13):
Good morning.
Speaker 3 (12:13):
I'm Nathan Hager. An end to the war is closer
than ever before. That's what President Donald Trump is saying
after the latest talks between US, Ukrainian and European negotiators
on resolving the conflict with Russia. Ukrainian President Vladimir Lensky
says he has an agreement with the US on security guarantees,
but the issue of territory remains a sticking point.
Speaker 10 (12:33):
Nish BRUSHTI.
Speaker 16 (12:35):
Of course, not all aspects are simple. There are complicated
things in particular the topic of territories. Undoubtedly everyone is
raising this topic and it's important that we all work
to ensure that things like that are absolutely fair.
Speaker 3 (12:47):
And that was Ukrainian President vladimir's Lenski speaking through an
interpreter from Berlin joining us from Brussels this morning is
Bloomberg Senior Europe correspondent Oliver Crook and all you not
to put you on the spot, but is Ukraine closer
than ever to a deal after these talks? Good morning,
good morning.
Speaker 2 (13:02):
Yeah.
Speaker 5 (13:02):
I mean quite possibly they're closer than ever, but they've
never really been close, so it may not be saying
quite as much as the president has been saying. That
being said, I think that the main thing that's changed
over the last couple of weeks is the United States
talking so openly and I think probably in greater detail
about what a security guarantee for Ukraine would look like
backed by the United States. For Zelenski, as far as
(13:23):
he's concerned, these security guarantees are absolutely essential because it's
one thing to have a cease fire, it's one thing
to end the war, but what good is that if
you're just going to get reinvaded in two to three years.
So for him, it's really about creating an architecture and
a mechanism by which if there is an invasion ever
in the future, there is something there that is triggered
that actually prompts action from NATO. And what they want
(13:43):
is these Article five like guarantees. The Article five within
the NATO clause is the one that is an attack
on one is an attack on all. And the idea
is there would be some sort of triggering mechanism that
would enlist the efforts of NATO immediately, unlike what happened
in twenty twenty two. If ever, there is another we
should say that we do not have a clear expression
of what Article five like actually means, but we do
(14:05):
understand that they won this from the United States and
that there would be Congress that would also enshrine this
into law. And of course that's super important to the
Ukrainians because they did have the Budapest Memorandum back in
nineteen ninety four when the Ukrainians surrendered their nuclear arms,
that massive deterrent in order to preserve their sovereignty that
was guaranteed by the US and the Russians, that of
course was violated.
Speaker 3 (14:25):
I guess this puts the ONUS now or the attention
on how Russia could respond to this. Of course, Russia
has been adamant against Ukraine joining NATO, But what about
the idea of an Article five like provision for Ukraine.
Is that something that Russia potentially could be on board with.
So potentially, I mean, it depends how it's defined.
Speaker 5 (14:45):
Of course, the Article five like status of it from
a defensive perspective is just you know that the US
would say, why would you care Russia? If you know
your attention is not to further in evade Ukraine, then
then this should be something that doesn't bother you. What
will bother the Russians. This is why it will not
be a member of NATO Ukraine. That is is, they
do not want to have NATO to have free access
to go into Ukraine, to send troops, to send hardware
(15:08):
at kind of whatever level they sort of they desire to.
They also don't want Ukraine to get a seat at
the table at the sort of NATO table in terms
of governing policy. Potentially there is a way forward, but
we should say that NATO is potentially the initial sort
of instigating a reasoning for the invasion of Ukraine that
the Russians have put forward saying that it's one of
these sort of real reasons that they felt that NATO
(15:30):
expansionism was really a threat to Russia. So this is
a very delicate question, a very delicate balance to reach.
But again the United States feels pretty confident that they
understand both the positions of the Ukrainians and are trying
to bridge it.
Speaker 3 (15:41):
Just thirty seconds left, Ollie, what about the territory issue?
That does seem like it's still a pretty big sticking point.
I think it's still the number one issue. It's still
obviously a main contention point for the Russians and the Ukrainians.
The Ukrainians have said they basically will not give up
any additional territory to the Russians, though the Ukrainians seem
to have potentially a little bit on that. The Russians,
for their parts, say they don't even want to have
(16:03):
a discussion about a ceasefire, let alone a peace agreement
without the entirety of the Donbass being donated to the
Russians and surrendered in some way. Again, the Americans are
trying to sort of fudge that and to find the
Free Economic Zone Demilitarized Zone, for example, but they have
not found an agreement on that quite yet.
Speaker 2 (16:18):
This is Bloomberg Daybreak, your morning podcast on the stories
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Speaker 3 (16:25):
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Speaker 2 (16:31):
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Speaker 3 (16:45):
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Speaker 2 (16:51):
And don't forget to subscribe to Bloomberg News Now. It's
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platform to stay informed all day long. I'm Karen Moscow.
Speaker 3 (17:04):
And I'm Nathan Hager. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Day Ray
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:09):
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 on the effort to
end the war in Ukraine. Ukrainian President Vladimir Zelenski says
he has an agreement with the US to make security
guarantees legally binding through a vote in Congress as part
of a deal to end the war with Russia. Zelenski
expects the US to consult next with Russia, while Ukrainian
negotiators may return to America for weekend talks. President Trump
(00:37):
says the conflict is nearing resolution.
Speaker 4 (00:40):
I think we're closer now, and they will tell you
that they're closer now. We had numerous conversations with President
Putin of Russia, and I think we're closer now than
we have been ever.
Speaker 3 (00:53):
President Trump made those remarks after he talked to a
gathering of European leaders yesterday hosted by German Chancellor Friedrich Meritz.
Speaker 2 (01:00):
Now to the latest on the death of actor director
Rob Reiner. Nathan, the Hollywood Icon's son is being held
this morning in the stabbing deaths of his father and mother,
Michelle Singer Reiner in their Brentwood home. Here's Los Angeles
Police Chief Jim McDonald.
Speaker 5 (01:15):
Nick Reiner a suspect in this case.
Speaker 4 (01:18):
He was subsequently booked for murder and is being held.
Speaker 2 (01:22):
LA Police Chief Jim McDonald says prosecutors will decide charges
for Nick Reiner later today. He's being held without bail.
Rob Rinder's death has led to an outpouring of tributes
in the entertainment and political worlds. Reiner was a longtime
donor to democratic and liberal causes. President Trump is reacting
to Reiner's death with scorn.
Speaker 4 (01:40):
I wasn't a fan of his at all. He was
a deranged person as far as Trump is concerned.
Speaker 2 (01:46):
President Trump spoke after he claimed on social media that
Reiner died of quote Trump derangement syndrome that sparked backlash
from some of the president's fellow Republicans. Conservative commentator Eric
Ericson drews with Republican calls for civility after the death
of Charlie Kirk.
Speaker 3 (02:04):
Meanwhile, Karen the Manheunt continues this morning for the shooter
in the mass shooting at Brown University. The shock over
the rampage that killed two students and wounded nine others,
is giving way to frustration over the investigation. A person
of interest who has detained over the weekend has been released,
and police and Providence, Rhode Island have yet to name
any new suspect. Since Talia Levine is a student at Brown.
Speaker 6 (02:26):
Overall, the sentiment amongst students has just been deep rooted
distress and fear that this could happen in a place
that we consider so safe in our home.
Speaker 3 (02:37):
Brown's student Talia Levine, spoke as police released three more
videos and two photos of a suspect wearing dark clothing,
a cap and a face mask. Here's Rhode Island Governor
Daniel McKee.
Speaker 7 (02:46):
We want to make sure that all Rhode Islanders know
that everything is physically possible is being done and partnering
in with our federal the FBI, our state law enforcement,
and also the local law enforcement to bring an individual
and identify and bring that person to justice.
Speaker 3 (03:05):
Governor Daniel McKee and other officials have said there's no
clear security camera footage from the building where the shooting
took place, and that has hampered the search. The FBI
is offering fifty thousand dollars for information that leads to
an arrest and conviction.
Speaker 2 (03:18):
Well, Nathan, let's get the latest now and the terror
attack in Australia. Authority say early indications point the attack,
which killed at least fifteen people at a Bondai Beach
Honika celebration, was inspired by the Islamic State. Again, more
on the information on the father and son attackers from
Bloomberg's Angus Whitley in Sydney.
Speaker 8 (03:38):
They did travel to the Philippines last month, though it's
not clear what they did there or where specifically they went.
But they have found too homemade ISIS flags in a
car they suspectly belonged to the two gunmen. And that's
pretty much all they're willing to say. But in the
in the update in the press conference this afternoon, they
were really bombarded and want with questions because there's so
(04:02):
many unanswered questions about the response to antisemitism, about the
police presence. There was heavy enough for security.
Speaker 2 (04:09):
Heavy enough, and Bloomberg's Angus Whitley says. Labor Prime Minister
Anthony Albinisi rejected criticism of his handling of escalating attacks,
while urging Australians to rally around the Jewish community well Karin.
Speaker 3 (04:22):
The US military has attacked three more alleged drug boats,
killing a total of eight people. US Southern Command says
the strikes were carried out in the Eastern Pacific at
the direction of Defense Secretary Pete Hegseth. The operation has
raised questions about whether the strikes violate international law and
whether the boats were actually carrying Fentanel Nathan.
Speaker 2 (04:40):
President Trump is suing the BBC for at least ten
billion dollars over what he claims was a misleading edit
in their documentary last year. The Eddie gave the impression
the President made a direct call for violence in his
speech ahead of the attack on the US Capitol on
January sixth, twenty twenty one. Bloomberg'sy went Pos reports from.
Speaker 5 (04:58):
London donalds on Stephan.
Speaker 9 (05:00):
Lawsuit against the BBC was filed yesterday in federal court
in Miami. The US President says he's suing the broadcaster
for quote putting words in my mouth. The Panorama documentary
made it appear that Trump told his supporters they should
walk down to the Capitol and fight like hell. In fact,
he said they should cheer on our brave senators and congressmen.
Speaker 10 (05:20):
And women.
Speaker 9 (05:21):
The fight like hell remark was from a much later
part of the speech. Trump's lawyer claims the incident is
part of the BBC's long standing pattern of manipulating President
Trump's speeches. The BBC has previously apologized the President but
rejected his demands for compensation, saying there is no basis
for a defamation claim. In London, I'm you in parts
(05:42):
Bloomberg Radio.
Speaker 3 (05:43):
Okay you and thank you. Let's turn now to the
markets and the economy. Futures are lower ahead of some
key economic data. Along awaited November jobs report that was
not released on time due to the government shutdown finally
comes out this morning. We get a preview now from
Bloomberg's Michael McKee.
Speaker 11 (06:00):
This Job's report will be a bear for investors accustomed
to making snap trades when the data are released. The
usual bed is on the change in jobs and unemployment
compared with expectations and the last release. But the last
payrolls data we have is from September and we'll only
get half of the October release. The household survey with
unemployment figures will be missing because the data couldn't be collected.
(06:23):
Add to that, uncertainty about government employment after doze firings
and the government shutdown, that'll make analyzing the combined two
month report difficult. Still, it will be data, and it
will get a lot of attention on Wall Street, although
the FED will likely put much more weight on this
month's numbers. Reported on January ninth, Michael McKee Bloomberg.
Speaker 2 (06:42):
Radio, all right, Michael, thank you, and company news. Ford
Motor Company is taking nineteen and a half billion dollars
in charges as it pulls back sharply from electric vehicles.
The company says it overbuilt battery capacity and underestimated how
hard it would be to make evs profitable. As part
of the shift, the automaker is canceling a planned electric
F series truck while shifting production toward gas and hybrid vehicles.
(07:05):
Fords CEO Jim Farley spoke to Bloomberg.
Speaker 12 (07:08):
It was really the customer changing their decision. You know,
we saw hybrid's really take off last couple of years,
Like you know, last month about well, we had thirty
percent increase in our hybrid sales. We're now number three
in our I think we're eighty percent hybrid market share
and trucks. So we saw this happening. We also saw
the more expensive evs, you know, really suffering the market,
(07:31):
and the more affordable evs to do better.
Speaker 2 (07:33):
For Its CEO Jim Farley, notes that the EV unit
lost five point one billion dollars last year, with more
red ink expected in twenty twenty five. Still, Ford raised
its profit outlooks and cost cuts and a shift and
more profitable vehicles are paying off. Get the full conversation
on the Bloomberg Podcast channel on YouTube.
Speaker 3 (07:52):
Karen the nasdac's looking to extend trading hours on its
stock venues to twenty three hours a day during the
work week. The firm has asked the Security an Exchange
Commission from Parission to add an additional trading session from
nine pm to four am Eastern time. Other exchanges have
also outlined their own paths to extend trading hours on
their venues, including the New York Stock Exchange, which plans
(08:13):
to offer twenty two hours a day of trading.
Speaker 2 (08:16):
Nathan and bi partisan group of senators is making a
long shot bid to break a stalemate over healthcare subsidies,
while also acknowledging that time has run out to pass
legislation before the credits expire.
Speaker 9 (08:27):
At the end of the year.
Speaker 2 (08:29):
The political uncertainty surrounding the future of the covid era
subsidies complicates matters for millions of consumers facing out of
pocket costs doubling or more. If lawmakers can agree on
a path forward. The current open at Roman period expires
January fifteenth. House Minority Leader HOCKEYM. Jeffrey slammed his GOP
colleagues for refusing to extend the credits from the very beginning.
Speaker 13 (08:51):
Republicans have made their intentions clear. They don't want to
see the Affordable Care ACTAX credits extended because they don't
support providing affordable healthcare to everyday Americans.
Speaker 2 (09:02):
AUS Minority Leader HOCKEYM. Jeffries Republican Senator Susan Collins, who's
part of the bipartisan talk, says a vote could happen
as soon as early next year. She says that could
trigger a new or expanded open enrollment period for the
Obamacare exchanges. Time now for a look at some of
the other stories making news in New York and around
(09:24):
the world, and for that we're joined by Bloomberg's John Tucker,
John good mordeh.
Speaker 14 (09:28):
And Good Morning Karen Hedge. Fund billionaire Stephen Cohen is
among those winning formal approval to open casinos in New
York City. That story this morning from Bloomberg's Charlie Pennett.
Speaker 10 (09:38):
It marks the first time in the city's modern history
that full scale gambling parlors will operate legally in the
Five Borrows. The decision by the New York State Gaming
Commission culminates a decade long process to allow as many
as three new casinos to be built in the city
and its surrounding suburbs. That sets the stage for two
(09:59):
project in Queens and one in the Bronx. State officials
have estimated gaming revenue from the three casinos could reach
five and a half billion by twenty thirty three in
New York. Charlie Pellot Bloomberg Radio.
Speaker 14 (10:12):
Leading Jewish groups in the United States are urging all
Jewish organizations to increase security measures at public events as
follows the deadly mass shooting in Australia. The APE says
the groups advised that Jewish public events should be open
only to people who had been screened after pre registering.
President Trump says he's reclassifying fence and al and his
(10:32):
latest push to ratchet up pressure on Latin America over
a drug trafficking The Trump administration waide a similar designation
in the president's first term, which allowed the Department of
Homeland Security to access money for detecting and eliminating weapons
of mass destruction if The Trump administration said in a
court filing yesterday that the President's White House ballroom construction
(10:53):
project must continue for unexplained national security reasons. The administration
also says theist organization that wants to stop it, there's
no standing. The filing was in a response to a
lawsuit filed last Friday by the National Trust for Historic Preservation.
Global News twenty four hours a day and whenever you
want it with Bloomberg News Now. I'm John Tucker, and
(11:15):
this is Bloomberg Karen.
Speaker 2 (11:17):
Thanks Sean time now for our Bloomberg Sports update, and
for that we bring in John stash Hour.
Speaker 15 (11:22):
Thanks Karen. Pittsburgh Steelers were down three ninety then scored
twenty eight straight points and the Steelers beat the Dolphins
and Mother Night Football twenty eight to fifteen. Aaron Rodgers
a couple of touchdown passes. Pittsburgh scored three tds in
a thirteen minute span of the second half at eight
and six. They lead the Ravens by one game. NBA
in Utah, the Jazz beat the Mads in overtime, but
the Dallas rookie Cooper Flags scored forty two points. He's
(11:45):
eighteen years old. He's the youngest in NBA history to
score forty. The Knicks play the Spurs tonight in Las
Vegas for the NBA Cup. That's for Bloomberg Sports Update.
Speaker 2 (11:54):
Stay with us. More from Bloomberg day Break coming up
after this.
Speaker 1 (12:02):
Coast to coast on Bloomberg Radio nationwide on Serious Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business Apple. This is Bloomberg Daybreak.
Speaker 10 (12:13):
Good morning.
Speaker 3 (12:13):
I'm Nathan Hager. An end to the war is closer
than ever before. That's what President Donald Trump is saying
after the latest talks between US, Ukrainian and European negotiators
on resolving the conflict with Russia. Ukrainian President Vladimir Lensky
says he has an agreement with the US on security guarantees,
but the issue of territory remains a sticking point.
Speaker 10 (12:33):
Nish BRUSHTI.
Speaker 16 (12:35):
Of course, not all aspects are simple. There are complicated
things in particular the topic of territories. Undoubtedly everyone is
raising this topic and it's important that we all work
to ensure that things like that are absolutely fair.
Speaker 3 (12:47):
And that was Ukrainian President vladimir's Lenski speaking through an
interpreter from Berlin joining us from Brussels this morning is
Bloomberg Senior Europe correspondent Oliver Crook and all you not
to put you on the spot, but is Ukraine closer
than ever to a deal after these talks? Good morning,
good morning.
Speaker 2 (13:02):
Yeah.
Speaker 5 (13:02):
I mean quite possibly they're closer than ever, but they've
never really been close, so it may not be saying
quite as much as the president has been saying. That
being said, I think that the main thing that's changed
over the last couple of weeks is the United States
talking so openly and I think probably in greater detail
about what a security guarantee for Ukraine would look like
backed by the United States. For Zelenski, as far as
(13:23):
he's concerned, these security guarantees are absolutely essential because it's
one thing to have a cease fire, it's one thing
to end the war, but what good is that if
you're just going to get reinvaded in two to three years.
So for him, it's really about creating an architecture and
a mechanism by which if there is an invasion ever
in the future, there is something there that is triggered
that actually prompts action from NATO. And what they want
(13:43):
is these Article five like guarantees. The Article five within
the NATO clause is the one that is an attack
on one is an attack on all. And the idea
is there would be some sort of triggering mechanism that
would enlist the efforts of NATO immediately, unlike what happened
in twenty twenty two. If ever, there is another we
should say that we do not have a clear expression
of what Article five like actually means, but we do
(14:05):
understand that they won this from the United States and
that there would be Congress that would also enshrine this
into law. And of course that's super important to the
Ukrainians because they did have the Budapest Memorandum back in
nineteen ninety four when the Ukrainians surrendered their nuclear arms,
that massive deterrent in order to preserve their sovereignty that
was guaranteed by the US and the Russians, that of
course was violated.
Speaker 3 (14:25):
I guess this puts the ONUS now or the attention
on how Russia could respond to this. Of course, Russia
has been adamant against Ukraine joining NATO, But what about
the idea of an Article five like provision for Ukraine.
Is that something that Russia potentially could be on board with.
So potentially, I mean, it depends how it's defined.
Speaker 5 (14:45):
Of course, the Article five like status of it from
a defensive perspective is just you know that the US
would say, why would you care Russia? If you know
your attention is not to further in evade Ukraine, then
then this should be something that doesn't bother you. What
will bother the Russians. This is why it will not
be a member of NATO Ukraine. That is is, they
do not want to have NATO to have free access
to go into Ukraine, to send troops, to send hardware
(15:08):
at kind of whatever level they sort of they desire to.
They also don't want Ukraine to get a seat at
the table at the sort of NATO table in terms
of governing policy. Potentially there is a way forward, but
we should say that NATO is potentially the initial sort
of instigating a reasoning for the invasion of Ukraine that
the Russians have put forward saying that it's one of
these sort of real reasons that they felt that NATO
(15:30):
expansionism was really a threat to Russia. So this is
a very delicate question, a very delicate balance to reach.
But again the United States feels pretty confident that they
understand both the positions of the Ukrainians and are trying
to bridge it.
Speaker 3 (15:41):
Just thirty seconds left, Ollie, what about the territory issue?
That does seem like it's still a pretty big sticking point.
I think it's still the number one issue. It's still
obviously a main contention point for the Russians and the Ukrainians.
The Ukrainians have said they basically will not give up
any additional territory to the Russians, though the Ukrainians seem
to have potentially a little bit on that. The Russians,
for their parts, say they don't even want to have
(16:03):
a discussion about a ceasefire, let alone a peace agreement
without the entirety of the Donbass being donated to the
Russians and surrendered in some way. Again, the Americans are
trying to sort of fudge that and to find the
Free Economic Zone Demilitarized Zone, for example, but they have
not found an agreement on that quite yet.
Speaker 2 (16:18):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 3 (16:25):
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Speaker 2 (16:31):
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Speaker 3 (16:45):
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Speaker 2 (16:51):
And don't forget to subscribe to Bloomberg News Now. It's
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Speaker 3 (17:04):
And I'm Nathan Hager. Join us again tomorrow morning for
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