December 25, 2025 • 5 mins
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Speaker 1 (00:00):
News when you wanted with Bloomberg News Now, I'm Dan Schwartzman.
In a post on truth Social, President Trump says the
US launch day quote powerful and deadly strike against ISIS
terrorists in Northwest Nigeria. Trump went on to say that
the Defense Department quote executed numerous perfect strikes. The President
wrote that he had previously warned terrorists that if they
didn't stop the quote slaughtering of Christians, there would be
(00:23):
hell to pay, and tonight there was. In a separate
post on x, US Africa Command wrote that it conducted
the strike at the request of the Nigerian authorities, killing
quote multiple ISIS terrorists. China's criticizing the US for what
it says was trying to hurt Bejing's ties with India,
calling its approach quote irresponsible. China's foreign minister told reporters
a recent report by the Pentagon quote distorts China's defense policy,
(00:46):
shows discord between China and other countries, and aims to
find a pretext for the US to perpetuate its own
military hegemony. The comments came following a report that said
China may use an easing of tensions with India to
block improve ties between Washington and New Delhi, China, says
it was that developed stable relations with India. The death
toll is rising. The La Times is reporting a third
(01:07):
person that's died from the powerful winter storm hammering southern California.
California Governor Gavin Newsom proclaimed a state of emergency in
Los Angeles and neighboring counties. Bloomberg meteorologist Rob Carolyn has more.
Speaker 2 (01:19):
We've been dealing with an atmospheric river event. That's where
lots of moisture comes out of the tropical Pacific and
into the Western United States. It's been an issue for
much of the winter. First, earlier in the winter, it
was in the Pacific Northwest. Now the attention is shift
across California. Six counties in southern California are under a
state of emergency, including the city of Los Angeles and
San Diego because of all of the heavy rain that
(01:40):
fell yesterday. The problem overnight has been in the San
Francisco area. They've had very strong thunderstorms move through that
has caused more damage. There'll be additional rainfall over the
Western United States due to this atmospheric river pumping lots
of Pacific moisture into California looks like the mountains in
the Central Sierra and also the Central Valley. We'll be
seeing some rain, strong thunderstorms and high elevation snows today.
(02:03):
I'm Rob Carolyn Bloomberg Radio.
Speaker 1 (02:06):
The storm has for some evacuations, road closures, flooded freeways,
and flight delays, with a floodwatch extended for most of
southern California. Nvidia has agreed to a licensing deal with
artificial intelligence startup GROC, furthering its investments in companies connected
to the AI boom and gaining the right to add
a new type of technology to its products. The chip
maker has paid for the right to use GROX technology
(02:28):
and will integrate its hip design into future products. Grock's CEO,
who is joining in Nvidia, is a former Google chip
executive who helps start that company's tensor processing unit, or TPU,
which powers AI workloads. GROK will continue as an independent
company with a new chief executive. Historically, it's the most
wonderful time of the year for stocks. The first trading
(02:49):
session after Christmas has seen the best average gains of
any day of the year. That's according to Misspoke Investment Group,
which also says the s and P five hundred has
declined only six times in the thirty nine years since
nineteen fifty three, when the market was opened. December twenty
sixth Meanwhile, both the DOO and the SMP index are
now records. More from Bloomberg's Charlie Pellett.
Speaker 3 (03:08):
It's all about the Santa Claus rally, which typically encompasses
the last five trading days of the year and the
first two of the new one. So far this year,
the S and P five hundred index has advanced seventeen
point nine percent, the Dow by comparison, up fourteen point
five percent, while nez Dak has surged twenty two point
(03:29):
three percent. Earlier this year, you recall the equity market
was on the brink of a bear market. Since then,
stocks have surged, with every dip being bought at a
record pace, and the fear of missing out dominating sentiment
in New York. Charlie Pellett Bloomberg.
Speaker 1 (03:45):
Radio US markets were closed for the Christmas holiday, as
were most European markets, such as the Footsee in London,
the KAC in Paris, and the Dacks in Germany. In Asia,
though the Niekek in Japan closed up a tenth of
a percent. The Hanksaning in Hong Kong was closed for
the holiday, while China CSI three hundred game two tenths
of one percent. China's yuon climbed past the psychological milestone
(04:06):
of seven per dollars for the first time since September
twenty twenty four. Today on BET's China's Central Bank will
allow gradual currency appreciation to boost market confidence. The offshore
yuon gained as much as two tenths a one percent.
The oil market has been holding steady, but not for
the most favorable reason. Worries about oversupply, which ought to
send crude lower, have been offset by escalating geopolitical tensions,
(04:28):
in particular potential supply disruptions from both Russia and Venezuela.
Oil futures are still on track for the biggest annual
decline since twenty twenty, with virtually all of the world's
major oil traders for seeing a glot next year. Copper
extended a powerful December rally that carried prices for the
industrial metal to unprecedented highs above twelve thousand dollars a ton.
(04:48):
On Fears over a tighter global market in twenty twenty six.
A series of major mind adages this year have combined
with the thread of US import tariffs, leading traders to
pour metal into the country to front run tential levies.
As a result, copper has gained almost forty percent this
year and is on track for its biggest annual jump
since two thousand and nine. And a single ticket drawn
(05:09):
last night won the second largest US lottery jackpot ever.
On Christmas Eve, one paraball ticket in Arkansas delivered a
gift worth one point eight one seven billion dollars. The
single ticket sold in Arkansas matched all six numbers, winning
the second largest US lottery jackpot ever. The jackpot run
had stretched to our record forty seven drawings. That's news
when you want it with Bloomberg News Now. I'm Dan Schwartzman,
(05:31):
and this is Bloomberg
News when you wanted with Bloomberg News Now, I'm Dan Schwartzman.
In a post on truth Social, President Trump says the
US launch day quote powerful and deadly strike against ISIS
terrorists in Northwest Nigeria. Trump went on to say that
the Defense Department quote executed numerous perfect strikes. The President
wrote that he had previously warned terrorists that if they
didn't stop the quote slaughtering of Christians, there would be
(00:23):
hell to pay, and tonight there was. In a separate
post on x, US Africa Command wrote that it conducted
the strike at the request of the Nigerian authorities, killing
quote multiple ISIS terrorists. China's criticizing the US for what
it says was trying to hurt Bejing's ties with India,
calling its approach quote irresponsible. China's foreign minister told reporters
a recent report by the Pentagon quote distorts China's defense policy,
(00:46):
shows discord between China and other countries, and aims to
find a pretext for the US to perpetuate its own
military hegemony. The comments came following a report that said
China may use an easing of tensions with India to
block improve ties between Washington and New Delhi, China, says
it was that developed stable relations with India. The death
toll is rising. The La Times is reporting a third
(01:07):
person that's died from the powerful winter storm hammering southern California.
California Governor Gavin Newsom proclaimed a state of emergency in
Los Angeles and neighboring counties. Bloomberg meteorologist Rob Carolyn has more.
Speaker 2 (01:19):
We've been dealing with an atmospheric river event. That's where
lots of moisture comes out of the tropical Pacific and
into the Western United States. It's been an issue for
much of the winter. First, earlier in the winter, it
was in the Pacific Northwest. Now the attention is shift
across California. Six counties in southern California are under a
state of emergency, including the city of Los Angeles and
San Diego because of all of the heavy rain that
(01:40):
fell yesterday. The problem overnight has been in the San
Francisco area. They've had very strong thunderstorms move through that
has caused more damage. There'll be additional rainfall over the
Western United States due to this atmospheric river pumping lots
of Pacific moisture into California looks like the mountains in
the Central Sierra and also the Central Valley. We'll be
seeing some rain, strong thunderstorms and high elevation snows today.
(02:03):
I'm Rob Carolyn Bloomberg Radio.
Speaker 1 (02:06):
The storm has for some evacuations, road closures, flooded freeways,
and flight delays, with a floodwatch extended for most of
southern California. Nvidia has agreed to a licensing deal with
artificial intelligence startup GROC, furthering its investments in companies connected
to the AI boom and gaining the right to add
a new type of technology to its products. The chip
maker has paid for the right to use GROX technology
(02:28):
and will integrate its hip design into future products. Grock's CEO,
who is joining in Nvidia, is a former Google chip
executive who helps start that company's tensor processing unit, or TPU,
which powers AI workloads. GROK will continue as an independent
company with a new chief executive. Historically, it's the most
wonderful time of the year for stocks. The first trading
(02:49):
session after Christmas has seen the best average gains of
any day of the year. That's according to Misspoke Investment Group,
which also says the s and P five hundred has
declined only six times in the thirty nine years since
nineteen fifty three, when the market was opened. December twenty
sixth Meanwhile, both the DOO and the SMP index are
now records. More from Bloomberg's Charlie Pellett.
Speaker 3 (03:08):
It's all about the Santa Claus rally, which typically encompasses
the last five trading days of the year and the
first two of the new one. So far this year,
the S and P five hundred index has advanced seventeen
point nine percent, the Dow by comparison, up fourteen point
five percent, while nez Dak has surged twenty two point
(03:29):
three percent. Earlier this year, you recall the equity market
was on the brink of a bear market. Since then,
stocks have surged, with every dip being bought at a
record pace, and the fear of missing out dominating sentiment
in New York. Charlie Pellett Bloomberg.
Speaker 1 (03:45):
Radio US markets were closed for the Christmas holiday, as
were most European markets, such as the Footsee in London,
the KAC in Paris, and the Dacks in Germany. In Asia,
though the Niekek in Japan closed up a tenth of
a percent. The Hanksaning in Hong Kong was closed for
the holiday, while China CSI three hundred game two tenths
of one percent. China's yuon climbed past the psychological milestone
(04:06):
of seven per dollars for the first time since September
twenty twenty four. Today on BET's China's Central Bank will
allow gradual currency appreciation to boost market confidence. The offshore
yuon gained as much as two tenths a one percent.
The oil market has been holding steady, but not for
the most favorable reason. Worries about oversupply, which ought to
send crude lower, have been offset by escalating geopolitical tensions,
(04:28):
in particular potential supply disruptions from both Russia and Venezuela.
Oil futures are still on track for the biggest annual
decline since twenty twenty, with virtually all of the world's
major oil traders for seeing a glot next year. Copper
extended a powerful December rally that carried prices for the
industrial metal to unprecedented highs above twelve thousand dollars a ton.
(04:48):
On Fears over a tighter global market in twenty twenty six.
A series of major mind adages this year have combined
with the thread of US import tariffs, leading traders to
pour metal into the country to front run tential levies.
As a result, copper has gained almost forty percent this
year and is on track for its biggest annual jump
since two thousand and nine. And a single ticket drawn
(05:09):
last night won the second largest US lottery jackpot ever.
On Christmas Eve, one paraball ticket in Arkansas delivered a
gift worth one point eight one seven billion dollars. The
single ticket sold in Arkansas matched all six numbers, winning
the second largest US lottery jackpot ever. The jackpot run
had stretched to our record forty seven drawings. That's news
when you want it with Bloomberg News Now. I'm Dan Schwartzman,
(05:31):
and this is Bloomberg
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