announcer: bloomberg radio, bloomberg television, this is a bloomberg business flash.a: i am lisa mateo alongside tom keene and paul sweeney with your opening bell report. how are the markets going to kick off the shortened trading week? we have more economic data. durable goods orders fell. the expectation was for a drop of .3% and november building permit. the s&p 500 little changed up four points. we have the dow down 80 points. the nasdaq up .3%, 76 points. the two-year yield at 4.32%, little changed. the yield on the 10 year up one basis point. brent crude $72. wti $69 a barrel. the bloomberg dollar spot index up .3%. the japanese down against the dollar. the euro down against the dollar. the british pound weaker. bitcoin up .3% at just over $95,000. that is your bloomberg opening bell report. tom: greatly appreciate that. a little bit of oomph to the market. apple opening up fractionally, 255. i got a 3.857 trillion dollars. it is like $4 trillion apple. what is the signal besides it is unimaginable? paul: people buying a lot of these things. tom: apple china, om

this is bloomberg surveillance on bloomberg radio. tom keene, we will -- we welcome all of you on radio across the station around the world. that morning on bloomberg television. as well. a great lineup. let me get the surveillance list. we will be going through the 8:00 hour. what you will see in january, sweeney on a tantrum. yet i run out of milwaukee and then in the 9:00 hour. we will unveil you forward. thomas -- our most popular guest is a number one in the world on why is a starbucks latte mocha cappuccino or whatever nine dollars. she is exquisite. she will call the soft commodities and we will call r-star mosys -- in moments. john will be with us and i am looking forward to his bullishness which is like nothing on the street. he get you out to the dow at 15,000. there are like 12 people and wall street. we shut down early, why are we here? paul: we are here every day. but the equities close at 1:00 p.m. and the equity market to :00 p.m. -- 2:00 p.m. tom: 96,000 up to thousand dollars in bitcoin. paul: 107,000 about a week ago

this is bloomberg. ♪ matt: this is "bloomberg markets ." i'm matt miller.'s look at upstart ev makers right now. a lot of movement in the stocks. lucid rising sharply after the company announced production has begun on its gravity suv. trading volume up one point this morning, triple damage for that time of day. rivian shares sewing after getting a buy rating from a new analyst covering the company, putting a price target of $18 on the stock and says it's well-positioned to gain significant share of a massive market opportunity in the coming decade. here to break this down is detroit bureau chief david welch. it's funny, these are a couple of companies, lucid in particular, investors may have counted for dead at certain points. i wonder if this changes a lot, the production of the gravity suv, while important, they only make a sedan, doesn't seem to be enough to turn the tables on their cash needs, right? david: nope, it-- no it doesn't, but it's a start. they sell lucid air, the sedan, but by and large it's an suv market. big, roomy, all that thing. gettin

this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak: europe."ussia is close to an agreement with syria's new leadership to maintain vital village erie bases in the middle east. sources tell us the russian defense ministry believes it has an informal understanding with the islamic group. western officials believe these spaces could act as a deterrent to extremism in syria which talks to the complexities in terms of the international players staking a claim in the new syria. there are developments on the ground and the broader regional impact -- let's talk to hind kabawat from george mason university, a former deputy head of the syrian negotiating commission's office in geneva good good morning and thank you for joining us. what is your level of confidence that hts, this islamic military group, will build a pluralist syria going forward? hind: thank you for hosting me and good morning. good morning to everyone and congratulations to syria and to the syrian people. the transition happened last week and it was peaceful. everything happened until now

this is bloomberg. ♪ >> welcome back to bloomberg daybreak: europe.e can focus on asian now, where stocks have been struggling for direction on the last day of trading in 2024, heading for their first quarterly loss this year after a weak showing on wall street. more now from paul, our executive editor in singapore. good morning. i hope you can put your feet up later. how are things ending for asian markets? >> good morning. will you heard that before the break they were talking about some positivity in chinese data, and encouraging comments from xi jinping though not so much in the markets, struggling for traction today and that's really the kind of sentiment we have for the chinese markets. on television earlier i was talking with a u.s.-based investor saying they are not at all in china and it's a hard no on any investment and i think that's part of the problem. confidence in that market is low and we have had many disappointments and people would really need a lot to convince them to come back in. it's a case of winning over hearts and minds. whil

bloomberg's jeff green covers d.e.i. for bloomberg news. eli lilly shares are rising after a disappointing trial from one of its main competitors. that is our stock of the hour. as we look at the market overall, gains in the s&p of 1.8 percent, right around session highs, as we see a bit of a reversal from wednesday's post selloff. this is bloomberg. ♪ to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. scarlet: this is "bloomberg markets." i'm scarlet fu. let's get to midday movers in equities. shares of fedex rising as much as 7% after the delivery company says it plans to spin off its freight division into a separately listed company. this new business could have an enterprise value of at le

this is bloomberg. ♪ scarlet: this is "bloomberg markets." i'm scarlet fu.e hour is micron. shares are hired to date know that the chip maker is scheduled to report first-quarter results and analysts will be looking for trends in the high-bandwidth memory products used in ai service joining us to discuss it is jake silverman with bloomberg intelligence. what do you know about the high-bandwidth memory products business? micron does not break it out from the other numbers, does it? jake: no, they don't. we think they have generated a billion or so in revenue in 2024 from hbm. we don't know precisely. scarlet: we don't know precisely, but there is a lot of talk of how this is the most exciting secular story for this industry, but because we don't know holland, it is difficult to project out the ramp-up. what are you thinking in terms of how to approach it? jake: what we do is we take a comprehensive approach of looking at gpu demand from companies like broadcom. we are able to triangulate that a little bit based on what ai infrastructure demand is. scarlet: an

we spoke with bloomberg's guy johnson -- they spoke with bloomberg's guy johnson. >> placed on what werom the first administration is a net positive. there will be challenges and there will be opportunities. expect them to adopt a different approach to regulation. i think what we've seen over the biden administration was heavy and unnecessary regulation. tom: speaking a guy johnson. as we look ahead to the coming holiday, travel season, guy johnson will speak to the cfo of flix about how their company has become the leading long-distance bus carrier in europe and the u.s.. that premieres tonight in the u.s.. in europe you can see it tomorrow at 6:30 p.m., london time. coming up, bloomberg economics has been running the rule over donald trump's protectionist policy saying they could have significant locations for the global economy. different scenarios coming through it different estimates. we break down the details for you. this is bloomberg. ♪ tom: welcome back, trade policies from president-elect donald trump are set the test economic resilience around the world. it has been relative

this is bloomberg. tom: welcome back to bloomberg daybreak. happy wednesday.ow some other stories making the news today. luigi mangione has been indicted for murder charges for shooting united healthcare exec brian thompson. a charge for the most abhorrent conduct such as killing a police officer or terrorism. prosecutors say there are end indications he may drop his objection to extradition from pennsylvania. he faces life in prison without parole if convicted. >> this was a frightening, well-planned targeted murder. that was intended to cause shock and attention and intimidation. it incurred in one of the most bustling parts of our city threatening the safety of local residents and tourists alike, commuters and business people just starting out on their day. tom: focus on president-elect donald trump who would be open to meetings in moscow if invited. also plans to traveled to london, pair and rome. the trip will be focused on gathering information rather than implementing any specific policy goal. u.s. congressional leaders have unveiled a stopgap spending

the bloomberg initiative hosted this event. ♪ and cory booker. >> welcome to the seventh annual bloombergmerican health summit. for those of you who participated in the photo line, here's the numbers. 176 fellows took pictures in 13 minutes. i learned that i am not the tallest, not the shortest, thank you, but definitely the oldest. i want to thank ron daniels as well as the leadership of the john hopkins bloomberg school of public health. and a special thanks to dean emeritus al summer. ellen's time as dean is winding down. let's give her a big round of applause for all the incredible work she's done. [ applause ] >> now, i graduated from johns hopkins university 60 years ago. that's the class of '64 if anyone's trying to do the math. i think it's fair to say i spent as much time organizing fraternity dances as i did in the library. if i had told my professors that one day the public health school would bear my name, they would have laughed me out of class. of course, back then if i had also said one day someone who opposes vaccines for deadly diseases would be nominated to run the depar

this is "real yield," on bloomberg. ♪ sonali: this is "bloomberg real yield."me for the auction block, where we wrap up the year for credit issuance. starting with notable treasury auctions this year, 20 year and five year tips. both sales tailed with the 20 year having the highest yield since april. u.s. high-grade sales came to a halt because of the fed meeting with 2024 finishing with sales totals near one point 5 trillion. with activity topping forecasts for most months, including december. the second busiest going back to 2017. still keeping an eye on the u.s. leveraged loan market, the december total stands at $190 billion thanks to the loan repricing surge. this has been the busiest two week stretch ever for launches. the volume tops 1.3 trillion, easily breaking the annual record. looking ahead to next year, amanda lyman makes out the case for buying credit amid an uncertain backdrop. amanda: you have to be clear why you are buying credit. we should recommend to investors to buy it for yield and for carrie. don't buy it because you think that spreads wi

this is real yield on bloomberg. sonali: i'm sonali basak and this is bloomberg real yield. time for the week ahead. monday european finance ministers kick off their meeting and tuesday earnings from tsmc and bloomberg's women, money, and power conference the big date for u.s. epi along with earnings and thursday u.s. ppi and a rate decision from the european central bank. friday is china's central economic conference and we will look forward to the cpi. bloomberg real yield same time same place. from new york, i am sonali basak this is bloomberg. it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i

this is bloomberg. ♪ scarlet: this is "bloomberg markets."s time for our weekly etf report, where we check on the latest trends tied to exchange rate of funds. and this year's brush into etf, stocks going down with investors plying over $1 trillion into u.s. funds. assets held by etf's in the u.s. topping over $10 trillion this year. joining us now for more is our asset reporter, ace bell lee, who seems to publish a etf story on a deem basis. november was the turning point for etf flows, right? >> it was, because we saw a lot of million dollars flow into funds, because that's really when the trump trade and when trump was elected president. people were all in, because we know that trump is good for markets. even before that, we've seen such a banner year. $1 trillion in inflows, and record launches this year, around 655, or maybe if i don't count today, it's over 660. you really see a lot of investors really go all in on etf's. even conversions, we've seen a record. we have a 55 count. it's really just a year of etf's. i feel like every year

this is bloomberg. ♪ tom: welcome back.yrian television reporting the rebel group that toppled president bashar al-assad has begun forming a transitional government. it is led by mohammed al bashir ahead of a because i government set up in idlib set up in 2017 by the islamist group hts. let's get more from middle east anchor joumanna bercetche. what does this signal about the plans of this rebel group in terms of their control going forward of syria? joumanna: i would say it is the first case or incident of government formation they are trying to achieve out of syria here. the importance of mohammed al-bashir tells you they are trying to avoid a situation of complete chaos given the big vacuum the fall of bashar assad is leaving in syria. we know al bashir is a member of the major rebel group that made all these gains and were responsible for the fall of the assad regime in damascus. he previously headed up the government that had been set up in 2017 in idlib, that was a quasi-government not internationally recognized, it s

this is bloomberg to -- this is "bloomberg technology." ♪ matt: we are live from bloomberg's world headquartersk city. tim: welcome to "bloomberg crypto." a look at the people and technology shaping the world of decentralized finance. matt: president-elect trump picks paul atkins as his choice to lead the sec, suggesting four years of relaxed policy and enforcement for crypto firms. tim: just a moment we speak with crack and

this is "bloomberg markets."his is bloomberg. ♪ sonali: welcome back to our bloomberg television radio audiences. i am sitting alongside vonnie quinn, we will talk now about ai . many ai related companies have seen stocks surge. the financial returns from ai are not yet understood. increasingly ai developers are finding models are not improving as fast as they used to. therefore, profitability remains elusive. that is the topic of a new piece out from bloomberg originals. take a listen. >> it broke the internet overnight. >> new artificial intelligence tool is going viral. >> it is called chatgpt. >> it could answer questions and amend its own mistakes. >> they are really quickly gaining traction, you might ask it write a poem about unicorn. it might spit out something that sounds like something that was written by someone. that struck a chord with a lot of people and investors. >> tech companies and their investors have sunk billions of dollars into building ai systems with a bet that these tools will get more s

york, this is "bloomberg technology."ntel shares rise as the ceo leaves the company after a failed turn around effort. tesla and byd ramp up incentives in china in a final push to meet sales targets. tenstorrent with a $2.6 billion valuation. first, check on the markets, check on intel, up more than 3% on the back of the news the ceo is leaving the company and it is going to be two interim ceo's that take the helm as the board searches for a replacement as the departure is potentially signaling more strategic shifts. we get into the details with mandeep singh. many would say they are surprised. many would say the august numbers showed the restructuring would be painful and the board lost confidence. >> i think it probably suggests the members for q4 do not look good either. the foundry business with a big contributor. even though intel has about $18 billion of foundry revenue, it is negative gross margins. when you think about the $18 billion number, how much of that business comes from the outside? they do not have any b

this is bloomberg. ♪ tim: this is bloomberg technology.ooking at a live shot of the principal room. check out the bloomberg technology podcast. this is bloomberg. ♪ archer, the electric aircraft maker has a new partnership with anduril. this as the company announced it has brought in $40 million in investments. adam goldstein joins us. a lot of people, when they envisioned archer, they think of air taxis and urban mobility. what is the opportunity in defense for archer? adam: it is common for aircraft manufacturers to participate in the commercial aspects of the industry as well as the defense aspects. the commercial side of archer's business has become very mature. the aircraft is in the late stages of its development. it was a great opportunity for us to extend and expand our capabilities and move into the defense side. partnering with anduril is an amazing opportunity as they are the premier defense tech company of the world. tim: what does their product look like when it is all said and done in partnership with anduril? adam: we are bu

this is bloomberg. ♪ scarlet: this is bloomberg markets.t will be checking in on the latest news and trends tied to exchange traded funds. we are taking a look at ticker tteq, the latest from t. rowe price. it is their first thematic active fund with a focus on tech investing. joining us now is dom rizzo at the t. rowe price group. roughly 17 etf's. thank you for joining us. when we talk about tech centric etf's, there is no shortage. you have the big ones. -- the big ones. quite at another tech centric etf to the mix? dom: thanks for having me. we have studied this market very extensively. there is well over $400 billion in technology and technology enabled etf's in the world today. when we looked across the landscape we did not see any that were global in nature, have an expanded mandate, meaning more than just information technology. looking for technology stocks, whether it is communication services or financials or consumer discretionary. with the potential for alpha on top. when we put that together, we think we have a pretty unique o

♪ >> welcome to bloomberg markets.s we hit noon here in new york, investors are digesting another round of economic data as they look ahead to the big fed meeting next week. let's get a check on these markets where we stand right now. the s&p 500 down about three tens of 1%, but more goes to the nasdaq 100, about half of 1%. down nonetheless. russell 2000 about 8/10 of 1% lower. this is what i'm watching because now we have hit above 430 on the 10 year. nearly four basis points higher. we started the week at closer to 420. there is a mid day movers on the equity side that we are keeping an eye on. black suggesting allocating 1% to 2% of a multi-asset portfolio in bitcoin that is helping to drive crypto stocks higher in the session. a paper from blackrock's is that such allocation would produce a similar risk profile to magnificent seven stocks in a standard 60-40 portfolio and you can see shares of things just soaring. we are going on the heels of some activist activity. also adobe, they are tumbling. the biggest drop

join us on bloomberg open interest weekdays at 9 a.m. eastern only on bloomberg. banana room. da na na na na na ni na na na na na na. you na na na. losing the fear of looking foolish comes with age. who did you steal them from? losing your way in your own home. doesn't confusion with time and place. may be a sign of alzheimer's? are you okay? yeah. i'm fine. early detection gives you and your loved one. time to plan for the future. learn the warning signs of alzheimer's. good morning. this is bloomberg daybreak europe. i'm tom mackenzie in london. these are the stories that set your agenda. the french prime minister warns of a moment of truth with the government on the verge of collapse, the euro and french bonds sell off. fed governor christopher wallace says he's leaning towards a u.s. rate cut this month, with other officials making clear they expect more cuts next year. plus, a court again rejects elon musk's bumper pay package as tesla ceo. but over at spacex, a tender offer sees the startup's value rocket to. about $350 billion. happy tuesday! so despite the apparent imm

bloomberg philanthropies. everyone from bloomberg philanthropies. especially jessica layton. all possible. [ applause ] to dean mackenzie in the school of public health faculty and everyone involved at the school level, thank you for making this all count. [ applause ] to our photographers, larry and howard. thank you for making us all look good. and finally to the bloomberg health initiative team that has worked so hard, especially kaitlyn, sue, shannon, abria, and shane, thank you for making it all so >> okay. i think we're done. >> after this session, please, you're going to grab lunch. and you're going to go to your breakout session or field trip. and don't miss the theater of war reading. of a scene from a long day's journey. there will be buses starting at 4:00 p.m. and it's only about a 15-minute walk. it is going to be memorable and fantastic. >> is that the end of the plenary? >> not yet. what is missing? what could possibly be missing? >> well, last night, stephanie bush, one of the fellows, said, i sure hope we are getting a glimmer of hope in this meeting. that's

this is "bloomberg technology." ♪ caroline: welcome back to "bloomberg technology."roline hyde in new york. the nasdaq is coming off record highs we saw yesterday. bitcoin up .3%, 102,000 dollars. a new activist investor coming on board. how will they reinvigorate this crypto minor? the cloud perspective. up 8.5%. we want to shine a light on what is happening in the world of fintech, payments, klarna. shining a light on adobe. off by 13%. forecast not living up to expectations. we might see a restructuring with warner bros. up 15% on that name. back to the fintech side of things. klarna has said they are able to use ai to save it and its customers money this holiday season. let's dig into it with klarna ceo sebastian siemiatkowski. great to have you in the studio. how are you all in on ai klarna? updating financials using a generated ai version of you. how are you trying to signal that productivity can be limitless? sebastian: i am of the opinion ai can already do all the jobs we ask humans to do it is just a question of how we use it. when i met sam and talk to him

check out the bloomberg surveillance special fed addition at 1:30 eastern time. this is bloomberg. raising $10 billion in new funding, putting the software valuation to $62 billion. it says it intends to invest the capital to more ai products, significant expansion in its international go to market operations. ali ghodsi joins us now. let's talk about the ai applications which is where you see the wide-open space at the moment for databricks. ali: there are so many applications across many different protocols. lots of companies are using us for ai in data processing. starting with rivian, the car baker uses it to optimize -- the carmaker uses it to optimize the batteries of electric vehicle. walgreens using us. square or block. they used to have a nap where you swipe your credit card but you said that up in a store used to be complicated. you can use generative ai and say i have this product just using generative ai. caroline: before you were democratizing data it was about the implications of ai. for that you need talent. i am interested as to where the next layer of talent is com

thank you, mayor bloomberg and welcome all of you to the bloomberg health initiative summit. [ applause> now, in case you haven't figured this out already, this will be a bloomberg american health summit like no other. michelle, we're going to start with a game. you ready? >> ready. >> the game is called understatement or overstatement? okay. all right. we started with eight fellows. now we have 251 from 31 states, d.c. and one territory. >> how many say understatement? >> that's right. it's an understatement. we actually have 388 fellows from 43 states, d.c. and two territories. we're not forgetting the mariana islands. >> that's right. my turn. we started with no faculty affiliated with the initiative and now we have over 1800. [ laughter ] >> not quite. >> that's right. we have 264 affiliated faculty. >> the initiative has funded projects that have led to progress on addiction, violence, the food system, adolescent health and the environment. >> that's not an overstatement, nor is it an understatement. it's a fact. we'll hear more about the great work today of our faculty and our fel

this is bloomberg. ♪ ♪ >> welcome back to "bloomberg open interest."o "bloomberg intelligence" because we have joined forces, simulcasting together on this down day in the markets. and it was bad already on ryan day, off another 1.7% today on the s&p 500, looking at big drops for big tech stocks. if you look at the bottom of the ledger on the s&p 500, you see apple dragging eight points, microsoft down, amazon down, broadcom is off, google is off. all of those mega caps stocks are losers today, and that is no good for the index. >> the new york stock exchange will close markets on january 9 in honor of president carter. >> so no trading on january 9. >> i'm sure people can correct me on this but i don't remember that happening before. >> i don't either. they are notoriously frugal with market closures. >> but they do have funerals or presidents. >> today? >> they close the exchange on presidential funerals? >> we have someone who really does know this, alex has covered this before. >> my first time covering this, i'm told that they don't -- >> i know t

this is bloomberg. ♪ scarlet: the u.s.lar rallying to its strongest in over two years after the fed signal a slowdown in the pace of rate cuts. joining us is carter johnson. the dollar is up 7.5% this year and the latest central-bank action reinforced this dollar strength narrative and people see this continuing into 2025 and beyond. carter: that is exactly right. the last few days have confirmed the dollar strength. we had the fed meat and it came out a lot more hawkish than folks expected. we knew they would cut. that was not much of a question. the only signaled a couple rate cuts in 2025 and we heard pal talk about inflation in a way the fed had not talked about it in some time. he said yesterday was a closer call in terms of a cut. the markets took that in stride and pushed the dollar higher. we had more central banks -- the bank of japan -- that came out more dovish. the past couple days affirming the near term dollar strength. scarlet: think about how other countries respond to this dollar strength not just recently

this is bloomberg. caroline: grammarly is the maker of ai powered productivity software and is the -- the ceo of coda is slated to take over the top job at the combined grammarly. coming together. productivity tools. what you offer as one? >> i'm excited about coda joining with grammarly. i've been a personal user of the product for many years. i am drawn to the innovative approach. the reason this happened is the leaders of both companies who got together painted our vision for the future, what we saw with ai productivity. it turns out our view was near identical. we both saw the technology evolving to user centered ai and a future world where the application will not feel as isolated, sideload, rigid. instead focused on the user, adapted to each person. we will be building a user centered ai platform of the future focused on applications and agents for everybody. caroline: is a competitive space. i hear agents being named by large publicly traded business and i hear of apple trying to make my email fl

this is bloomberg technology. ♪ caroline: this is bloomberg technology.shot of the principal room. check out the bloomberg technology podcast on the terminal, apple, spotify and iheart. this is bloomberg. ♪ last year more than 1400 startups were valued at more than $1 billion. last year, only 15% claimed profitability. that is how the next guest is measuring the fact that these numbers don't seem to be a measure of real success anymore. unicorn status. how do we reevaluate it? what are the new markers for success? rebecca lynn from canvas ventures. we see your great statistics. but the statistics are shocking. what you think the new benchmark is and how many of those 1400 still vindicate a $1 billion valuation? rebecca: it would take about 20 years for all of those unicorns to actually make it to the public market. only 15% are profitable. on top of that, a lot have been around for over 12 years. just way too long to really hit their stride and hit profitability. with genai a lot of the metrics we have seen in the past aren't really the metrics we are loo

this is bloomberg. ♪ tom: welcome back to "bloomberg daybreak europe."ith governments around the world facing mounting financial pressures, we get reminders of that politically this week, my next guest says artificial intelligence can offer agile solutions. i am joined by schmuel chafets, cofounder and general partner of target global, european technology investment firm. thanks for coming. this is a piece of the aa story we haven't told in detail, that is why i thought it was interesting to get you to talk about this report. what were? the key findings? you have not been someone who has walked blindly into the ai optimism tunnel. you have raised critiques, you are not dismissing it by any means but you have put a critical lens on ai, no you have this report what it could mean for policing, nurses for teachers. schmuel: we have not walked blindly into ai. it is obviously an incredible revolution but it is so easy to overestimate the short-term and underestimates the long-term. it is easy and you see it across the u.k. and europe. you see governments focu

a special edition of bloomberg markets with bloomberg tv and radio. the markets, mixed trading here. volume is 20% below average not to be -- not a real surprise given the holiday week. the s&p 500 off three points. the nasdaq up 68 points, 3/10 of 1%. yields slightly higher. 4.56% on four basis point spread the commodity space wti crude. gold a little bit lower as well. bitcoin off 2%. for the tom keene crypto check there. let's get back to look at big pharma here. particularly eli lilly. they will begin studies to see if it is blockbuster drugs are effective at controlling addictive behavior like alcohol abuse. ceo dave ricks spoke with david rubenstein earlier at the economic club of washington. >> we have talked a lot about cardiovascular health and diabetes. but these medicines we think can be useful for other things we don't think about connected to wait. they are reducing the desire cycle. lest -- next year you'll see lily with large studies of alcohol abuse and the casino that -- nicotine use. we will also begin studies of anti-inflammatory co

this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak europe."ouple of charts from the terminal. we have the eco fin meeting in brussels. a big topic will be ukraine. what's next and what does it mean for defense companies? eu defense companies are up nearly 60% in 2024. this eco fin meeting is the first time a u.k. chancellor has attended since brexit. when is the u.k. going to announce the deadline to spend 2.5 percent of gdp on defense? the u.k. defense secretary said the spring but that is not the certainty these companies want or that donald trump wants either. that's the geopolitics. the central banking picture. it is a busy week. the ecb decision in frankfurt on thursday. markets have reduced the outlook of a half-point cut, not just at the upcoming meeting but the one after it as well. ecb officials say a jumbo cut would reek of panic, but take a look at the weakness in our next chart in germany. industrial production numbers missing all estimates on friday. the weakest since covid 2020. how much are trump tariffs going to weigh on that g

>> welcome to bloomberg markets. i'm scarlet fu. here is where things stand. the s&p losing about .1%. the stock market rally taking a breather after the 54th-record close for the s&p yesterday. small caps have been clear our performers since the election but today they are leading declines, with the russell 2000 off by .3%. some fairly modest moves across the treasury curve. this comes before jay powell's remarks tomorrow and a jobs report friday. the big move your -- mover across markets is the korean won, the dollar surging in value against wan. it fell against all of the g10 currencies after the president of south korea declared martial law because of political deadlock. we will get to that story later on, but for now i want to stay on these. and take a look at some midday movers on the equity side. abigail doolittle has more on that. abigail: it is not just the korean won being hit by the turmoil in south korea. we have heard their parliament has voted to request to end the martial law. lots of social media posts about how south koreans are unhappy about

let's bring in bloomberg's -- in copenhagen.isk, the number one driver of gdp in that nation and job growth in denmark. it seems there's a bit of a downside to that. >> yes, danish economy is doing well, employment is at a record high and that's positive for denmark overall, but just not everyone who are feeling those benefits. denmark is a small country, we are about 6 million people novo nordisk is on a massive hiring binge that it's vacuuming the labor market for everything it can get. and it can get a lot. of attractive pay, good benefits, it's up eight -- place people want to go to work. for companies, especially those near where he was president and expanding hospitals, and now repair shops. not only are they losing staff but they are struggling to recruit because there is no one left. we are seeing some visitors really feeling the pain. tom: a single company accounting for half of the gdp growth of an entire nation. did you say auto parts makers? that's pretty remarkable. what are the consequences for businesses and for t

this is bloomberg. ♪ vonnie: welcome back to the special edition of bloomberg markets, on bloomberg radio am vonnie quinn alongside carol massar. president-elect donald trump offered his complete and total endorsement of mike johnson, intervening to ward off a potential site for speaker in the white house. the house will hold its vote for speaker on friday. joe mathieu is cohost of bloomberg's "balance of power" and joins us for more. joe, how sure are we that will not have another fistfight in congress? joe: we are not sure at all. this is a good development today but we can say mike johnson is out of the woods because of the math. it's pretty basic. you need 218 votes to be speaker. republicans have a house majority or they will, when they come to town on friday with 219. he can lose all of one. we know that tom massey, republican of kentucky, is a no, he has been a thorn in the side of the speaker. and based on what we have heard, there could be five republicans who vote no. do we go 15 rounds allete kevin mccarthy? that could happen. to remind everybody. the first five days of congres

this is bloomberg. >> good morning. this is bloomberg daybreak: europe. are the stories that so your agenda. south korea investigates its worst ever single air accident. officials focus on a bird strike and landing gear as they try to find the cause. analysis of the black boxes will begin today. and asian stocks snap a five day gain. japan holds its last trading day for the year. and jimmy carter dies at his home at 100. january 9 has been designated a national day of mourning. welcome to the penultimate day of trading for 2024. you have thin volumes as you might expect and futures are pointing lower on both sides of the atlantic. we had that big tech selloff friday in the context of massive gains for the magnificent seven across 2024. you have the 10 year u.s. treasury yields were two basis points at 4.6% currently been near the highest levels since may. it will potentially weigh on shares in today's session. euro-dollar pretty steady as we await that spanish cpi reading later this morning. expected to come in at the highest since july. oil trading at $7

bloomberg philanthropies. everyone from bloomberg philanthropies. especially jessica layton.chool of public health faculty and everyone involved at the school level, thank you for making this all count. [ applause ] to our photographers, larry and howard. thank you for making us all look good. and finally to the bloomberg health initiative team that has worked so hard, especially kaitlyn, sue, shannon, abria, and shane, thank you for making it all so >> okay. i think we're done. >> after this session, please, you're going to grab lunch. and you're going to go to your breakout session or field trip. and don't miss the theater of war reading. of a scene from a long day's journey. there will be buses starting at 4:00 p.m. and it's only about a 15-minute walk. it is going to be memorable and fantastic. >> is that the end of the plenary? >> not yet. what is missing? what could possibly be missing? >> well, last night, stephanie bush, one of the fellows, said, i sure hope we are getting a glimmer of hope in this meeting. that's what she asked for. a glimmer of hope. i don't want to

this is bloomberg. ♪ scarlet: it's this is "bloomberg markets."e monitoring the political turmoil in france and south korea, where he stunned the country in the world by declaring martial law yesterday. protests erupted and opposition lawmakers voted to reverse the order. the presidential cabinet lifted the order six hours later. south korea's opposition is now ramping up impeachment. that's the backdrop for our etf report. as you can see, shares took a big dive yesterday and are recovering a bit today. as for what's next, we want to bring in clarissa, who covers korea for bloomberg news the question now is -- opposition parties have submitted impeachment motions, but do they have support from the rest of the legislature? clarissa: high. that's an interesting question, because there are 300 seats in the parliament and the opposition would need two hundred votes to pass impeachment. what came out a few hours ago was that the ruling people power party, that had voted with opposition to reject the martial law has now decided to resist the ouster. we

this is "bloomberg technology." ♪ caroline: this is "bloomberg technology." at a live shot of the principal room. this is bloomberg. perplexity. it is in ai start up building a search product to compete with google. the company's valuation is $9 billion. the third round was led by partners and computed earlier this month. perplexity declined to comment. i might be numb. i look at a 150 $7 million valuation. what is $9 billion mean? >> it is a gigantic valuation. i think -- it has tripled since june. we are seeing a very strong investor demand to get in on the ai market. some people are wondering if the ai bubble will burst or if we will see investor demand cool off. this growing this quickly shows the demand is very high. caroline: perplexity has been well used by consumers. they have a fair share of legal issues to contend with at the moment. i am interested as to how the growth is looking. did you get a hint where 15 million active users have gone since march echo >> they say the number of searches people do on perplexity -- their competitive edge if they a

this is "bloomberg technology." caroline: this is "bloomberg technology," china opens nvidia with the global tech war escalates. we get the market impact. alphabet sraoels new details on the program in made in quantum computing. first we check with nvidia. shaving off $100 billion in market capitalization for the most valuable company listed in the united states down 3%. worries about an investigation of probables about china about a deal it made in 2020 but it fits into the context of global teult for tat between the u.s. and china. go into this investigation regarding a deal made years ago. >> this was a bit of a surprise. we got this last night from state television in china where cc tv said the agency has opened a probe into nvidia with antimonopolyies particular behavior. it is a deal they did four years ago to buy a company called in israel that makes networking equipment. china had to approve into and they did in 2020 but they did with seven different conditions about nvidia's behavior including giving custom

that is your bloomberg brief. romaine: ask for that bloomberg brief.if you planned to go out on this new year's eve over there in london but there was interesting poll in the u.s. shown the majority of people just stay home. kriti: i think that is what i am going to do, me and my dog watching the fireworks on tv, that sounds like a dream. romaine: i am one of those people. we are going out but we are not going out tonight, we are going up in the afternoon and will be home well before the fireworks and all of the festivities start. but it gets to this idea of how much of this holiday is a revenue generator. i know there are a lot of folks in new york who want to go out and brave the elements to see the ball drop or duet between nightclub and restaurant if you will. there are some of the people who decide it is not worth it. romaine: absolutely -- kriti: absolutely. here i am learning about we are traditions europe has. i learned today that in germany they take little lead or wax figures and throw them in water and see what form they take and that is a f

this is "bloomberg markets." ♪ carol: own right, we are back on "bloomberg markets."n across tv, radio, youtube and bloomberg originals. top of mind this year seven certainly will be in 2025 is the auto universe, automakers across the globe facing mounting pressure. a lot of things. growing competition from china, even though you can't buy it here yet in the united states, it is on everybody's radar. then you have a about ev regulation whether it is in the united states or in europe, so a lot coming out of the auto universe. let's get more with bloomberg's detroit bureau chief. david, sounds like a fair amount of speed bumps out of the ev universe. walk us through it and what you're thinking about through 2025 2025. david: sure. when we think about what will probably happen, most forecasts say auto sales will creep up a bit. three seems to be the betting odds. so let's say it is 60 million vehicles plus, a little bit of growth over overall retail vehicle sales -- 16 million. if trump takes over the $7,500 credit, that puts pressure on the ev market. all -- the automak

you're a bloomberg brief.roduce satellite-powered internet service in the country. the deal allows customers to use space-based connectivity when terrestrial networks are unavailable, with text messaging expected to wear the end of 2025. this partnership aims to provide infrastructure resistant to russian attacks which have regularly targeted infrastructure since the invasion in 2022. a big supplier for nvidia is weighing faster expansion for chip packages made in semiconductors. the company building a new factory in japan but may need to accelerate capacity increases to keep up with customer demand. the ceo of that company saying the use of ai is robust and demand is likely to last through next year. charles dolan, a paid television pioneer who founded hbo, built cablevision into the fifth largest cable company, passed away yesterday at the age of 98. he was regarded as a visionary in the world of television, who continually surprised investors and rivals, while vexing many of those on wall street by running

this is bloomberg.signatures software company doc you signs third quarter numbers beat expectations. the company is boosting its revenue forecast for the full year up again at 25% on this company. let's talk about it with the ceo , who is ultimately displaying what seems to be a growth here that is not just coming from a contract renewal, but new products you are offering. how much is to be said for their galvan is and growth? >> it was a positive quarter for us. we beat on all metrics to raise for the full year. it was a reflection of strengths across the board. in our existing signature business that everybody knows well we significantly improve retention and reduced turn. we have grown our channels from being predominately direct sales to now having a strong traditional channel and building out our partner channel. and you mentioned our new products that we launched at the end of may to limited distribution to midsized customers in north america. we started contributing this quarter as well. it is st

this is bloomberg.ultibillion-dollar firms with specialized funds diverging venture asset in the new year. that's according to lily lyman. joining us from boston, when you think about early-stage investment, i'm interested in this theory of yours. lily: good to see you, thanks for having me. i'm lily lyman, under score bc, community driven early-stage venture firm here in boston. caroline: terribly sorry, we have breaking news happening in new york city. the nypd holding a news conference on the shooting death of the united health care ceo brian thompson. listen in. >> -- fired several rounds, striking the victim at least once in the back and once in the right calf. many people past the suspect, but he appeared to wait for his intended target. the suspect fled. first on foot, then on ebike, was last seen on central park center drive early this morning. the victim was moved to roosevelt hospital where he was pronounced. we have been in touch with his family, friends, and colleagues. they are very much in