christine lagarde says the 2% inflation target is insight. after 50 years, russian gas europe via ukraine stops flowing, raising questions about the continents security. good morning and welcome to 2025. heading towards the first trading session of the new year, futures painting and optimistic picture this morning. euro stoxx 50 futures hi 0.8%, flat on the ftse but also looking higher u.s. futures. a downward and for wall street at the end of 2024, but it was the best two year run since 1998. we will see if that continues as we go into 2025. flipping to the cross asset picture, we do have japanese markets closed so trade in cash treasuries is off until 7:00 a.m. u.k. time but euro-dollar 1.0, christine lagarde's new year's message yesterday saying the ecb's 2% target is insight. branch trading $74 per barrel after the american petroleum institute, gold up a high -- a touch higher and bitcoin with a bigger drop at the end of 2024 as investors took profits off the big rally. flipping over to the asian picture, japan closed but the broader msci

good morning. _ christine crowley. good morning, everyone, - christine crowley.thank you, chief. here we are, so good morning. yesterday i spent the day in the palisades community and visited a number of fire stations, 23, 36 and 69, and had the opportunity to talk with their members for the first time on the scene at the palisades fire. even without running water, gas or electricity, your la ft firefighters are doing everything they can to help the community. although it was devastating to see first—hand the of this fire, it is tremendously uplifting to see the outpouring of support from all over los angeles region. there are donations of food, water, suppliers, literally spilling over and out into local fire stations that have become hubs for all of us to grieve, to have a warm meal, and to also gather together and support one another. your lafd firefighters will continue to work relentlessly around the clock. i will now provide a brief update on the two active fires burning within the city of los angeles. the palisades fire, air and of los angeles. the palisad

(christine indistinctly chattering) - [julie] she mispronounced alexandra's name.rtly after newsom's chief of staff left that voicemail, the governor pulled his competing ballot measure. - [matt] finally, we won a battle. - [julie] the governor's office again declined interview requests, but in a statement said, "mr. capeloutos's advocacy in memory of his daughter is both admirable and deeply courageous," noting that, "our office did apologize to him." - [announcer] come to order, court's now in session. - [julie] we recently accompanied the capeloutos to hear the verdict in california's third ever fentanyl murder jury trial. - [jury] we the jury in the above entitled action find the defendant not guilty of violation of sexual law- - [julie] which they believe demonstrates the need for alexandra's law. - i don't understand it. - [julie] prop 36 and alexandra's law went on to pass with overwhelming support, the most decisive win on california's ballot. - [matt] less than 2% of all drug deaths result in the conviction of a drug dealer. - [julie] he notes alexandra's

host: our next guest is christine mcdaniels. economist in the george w. bush administration at the white house from 2005 to 2007. here to talk about a pending decision concerning u.s. steel and protests, thanks for giving us your time. guest: thank you for having me. host: for those who are maybe not following as close as you are, explain what has happened in the last few days concerning u.s. steel. guest: the last few days on january 3, president biden officially blocked the deal to japanese steelmaker nippon steel when they made an offer to acquire u.s. steel and they were trying to work the deal out. the committee on foreign investment in the united states, you will hear a lot about that in this case, treasury make sure that these were deals that might give off a red flag that were credible and don't pose a national security risk. come to a conclusive result, and they picked it up to the president and president biden blocked it. and president biden said that there was credible evidence that this japanese steelmaker might take action shed threatens to i

christine crowley, chief christine crowley was 10 feet away in her office and could have come into theom and stop the whole thing. but she didn't. she is a coward and has mismanaged this department with her dei initiatives to the point where, i think, the laf fee is eric a bubble span and will never be brought back. it has been her priority since day one, since day one after her department spent $670,000 to do a nationwide recruitment campaign to bring more ltp you tea into the fire department. she it out loud and on carry telnet kelly clarkson the first openly gay chief. i don't care. i know a very good friend who is 90 years old who lost her house on radcliffe street behind that burn l nelson. mary left with the clothes on her back and been out since 1966 and left with the clothes on her back in her wallet and her passport. so i am as angry as leo is but i'm angry for a couple of different reasons. right now, i am going to demand christine crowley resign as the fire chief. she is incompetent, unqualified to. by way, alexandria, new york, is named her for it disaster emergencies and s

now we go over to christine lagarde. europe really did not like the inflation reduction act because it was a challenge to the european industrial base. i think they kind of like the fact that the ira is under attack by the trump presidency. i'll let you into something. i don't think it's going away. i think that she is overstating that. but it's almost a catch up call from the europeans trying to kind of say, hey, maybe you shouldn't be building that industrial base in the united states, stay in europe, come back home. it was a huge competitive advantage for the united states. and that's part of the reason why i think it remains frank. >> so do me a favor. can you translate this part of what christine lagarde had to say? she talked about, you know, the ira basically being repealed in her mind? i know you said it's not going anywhere, but she said that foreign companies will have to invest through a prism of confidence and cost. i wasn't quite sure what she meant by that. did you get a sense of what that meant? >> yeah, i

en la polÍtica estadounidense, alguien como christine noem nunca hubiera sido confirmada.cretaria de seguridad nacional tendrÁ las riendas del servicio secreto ice y la patrulla fronteriza trabajando junto al llamado zar de la frontera, quien ha prometido vuelos de deportaciÓn. >> diarios numbers totally increase the number of west nationwide as we open up the aperture right now. it's constructing public safety threats national security threats that's a smaller population. >> con el camino a las deportaciones masivas pavimentado desde los primeros dÍas del gobierno,n una serie de memorÁndums dirigidos a varias agencias del departamento de seguridad nacional. >> ese es el problema con estos memorÁndums que vemos de estas agencias es que tratan de modificar lo que el congreso no ha querido cambiar y ellos no tienen la autoridad de hacerlo. >> con el voto de este sÁbado en el senado, no es ya la cuarta confirmaciÓn en el nuevo gabinete del presidente trump harÁ un gran trabajo. fue lo que dijo el presidente trump esta tarde en un evento en nevada de christine noem, a quien so

christine, we appreciate your time, thank you for talking to us on bbc news.tive order granting tiktok a 75—day extension to comply with a law that requires a sale or ban of the platform. he says during that time, the united states will not enforce the law passed by congress last year and signed by former presidentjoe biden. when asked by a reporter why he's had a change of heart since trying to ban tiktok in 2020, trump responded: "because i got to use it." around the world and across the uk. this is bbc news. us markets were closed for the martin luthur king day live now to washington at almost one in the morning were inaugural celebrations are continuing, they are yet to wrap up. the starlight ball is yet 1537

that's what he wants. >> christine mentioned a negotiating table. you know, he's going to go to the extreme end of the bargain in order to get a better deal. and that's kind of been the modus operandi that we've experienced with donald trump over the years. certainly during the first administration. peter, though, christine was saying there's no negotiating table this time. it's this or else, you know, f f around and find out. i'm going to be very careful when i say that. so i don't say the whole phrase because it will get me fired. but do you sense a different donald trump this time? a different donald trump administration, a more a bigger willingness to actually do the extreme things that he's saying he'll do? >> well, i c i think you see a president who is more willing to use the instruments of. american power than his. modern day president's predecessors have been. and there's a lot of reasons for that. one is it has been effective. we have seen, even just in the last week, even before he became inaugurated, he used threats in order to achieve p

kelly o'donnell and christine romans, thank you, ladies. and that's going to wrap up the hour for me. i'm ana cabrera. i'll be back tomorrow at 10 a.m. eastern. andrea mitchell picks after last month's massive solar flare eastern. andrea mitchell picks up with more news after added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything. join aarp.org. >> to join today for just $15 for. >> your first year with automatic. >> renewal, and your second membership is free. >> and get. >> instant access. >> to discounts on eye care, prescriptions, savings on travel, dining, and deals from top retailers. >> so many ways to. >>

and then christine mcdaniels on biden's decision to block the $14 billion acquisition of u.s. steel by japan's hip on steel. and jonathan alter who wrote a biography about jimmy carter talks about his life and influence in american politics. washington journal, join the conversation live at 7:00 eastern tuesday morning on c-span, c-span now, or c-span.org. canadian prime minister justin trudeau is resigning as the nation's prime minister and as the leader of the liberal party as his party selects his new leader -- there new leader. he made this statement outside his residence in ottawa. this is about 30 minutes. justin trudeau: i have fought for this country, for you, to strengthen and grow the middle class, why we rallied to support each other through the parn, to advance reconciliation, to defend free trade on this continent, stand strong with ukraine and our democracy and fight climate change and get our economy ready for the future. we are at a critical moment in the world. [speaking french] >> every morning i have woken up as prime minister, i have been inspired by the re

thank you both for being here, christine.economic damage of these fires. what can you tell us? well, the numbers will be big. i mean, 20 billion, this first estimate that's just insured losses. there will be tens of billions of other damages that won't be covered by any kind of insurance. >> and already there was an insurance crisis in california. and here you look, over the last decade, some $70 billion in insured losses. and chris moody's says that of every dollar in premiums that the insurance companies collected to cover those properties, they had to pay out $1.08 in in damages. >> so you can see that unsustainable math just doesn't work. >> and it's one of the reasons why climate change and extreme weather is raising insurance premiums for everyone across the country. >> so, amy, this morning, california's insurance commissioner talked about what is being done to protect homeowners. and i want to play that. >> i am using my moratorium power to stop all non-renewals and cancellations. last night, i issued a bulletin to pr

that is it, christine, bursting from the german marshal fund. now here in germany, political parties are launching their campaigns for a general election due on february 23rd conservative cd you party. candidate features match seeing here in the middle is tipped to be the next chancellor of germany. as the conservatives look set to win the largest share of the vote in their promising to move germany to the right on social and economic policies, merits himself is also a warrant that europe needs to be prepared for what he called the disruptive politics of donald trump. he's warranted batch both of germany and europe needs to be prepared for that 2nd term. last but not least, to help. i know, since i took a detailed look at china and the us and the call on all of us, not just germany, but the entire european union to ensure that the e u now really grows up and we become capable of taking action w o 100 c street and we must expect to see disruptive political decisions in the us and the week off the next. when donald trump becomes president, trump,

christine mcdaniel, senior research fellow with the mercatus center former deputy assistant secretaryry department, senior trade economist in the white house council of economic advisers, gave me her top thoughts on the economy. the us economy is in a good spot. unemployment is still, you know, relatively low. inflation, though, is stubbornly not coming down as quickly and as easily as the fed had hoped for. so he's got, you know, a couple headwinds coming in. he's got the tailwind in terms of, you know, good economy, but then he's got the headwinds of the stubborn inflation. give me your thoughts, christine, because, you know, you have operated within the white house, etc, in the treasury department. why did he not slap tariffs on certain countries straightaway, which is what we were all anticipating? well, i mean, straightaway, february 1st is, you know, fairly straightaway for a lot of people. remember, i mean, companies do need, you know, a bit of a heads up on in terms of, you know, just getting ready for the tariffs. you know, this president, president trump, is regarded as fair

if you could give me your thoughts, christine, because, you know, you have operated within the whiteartment. why did he not slap tariffs on certain countries straightaway, which is what we were all anticipating? well, i mean, straightaway, february 1st is, you know, fairly straightaway for a lot of people. remember, i mean, companies do need, you know, a bit of a heads up in terms of, you know, just getting ready for the tariffs. you know, this president, president trump, is regarded as fairly market friendly, business friendly. and he pays attention to the markets. he pays attention to the bond markets. and he realises, you know, companies do need a little bit of a heads up on, you know, when they're going to actually have to start paying the tariffs. so, you know, february 1st is pretty, you know, pretty fast. you know, even considering that. us markets were closed for the martin luthur king day public holiday on monday, so the first reactions to trump's return to the white house were felt during asian trade on tuesday. and it was a mixed picture, the nikkei is trading more or less

nbc news senior business correspondent christine romans is here. christine. so no tariffs just yet.about the president elect's or now president trump's first economy related actions? got to get used to saying it again. and what else are you watching for, christine? right. >> it's the beginning of a new administration and administration that we've seen before. and this is a president on it, as you know, who has promised again and again big tariffs on day one. this is a cornerstone of his economic policy. and he didn't do it yesterday. but he did lay out a blueprint an america first trade policy, a blueprint, a foundation for what they intend to do. so in the days and the months really ahead, the president and his team are going to analyze the china, mexico, canada and figure out how they will impose tariffs, how big they will be and on what items. so that is something that is still tbd on the president's wish list here to help contextualize this moment for us, how does president trump's economic situation stack up this time against what he faced in his first term? i think there are a

i particularly sought after because they degrade very slow to providing christine information about the composition and origin of our kind of tree system. the is ready for us is open fire and look the space palestinians waiting to return home within the week of the carriage austin that resolves is there a lot from the also coming up as a new civilians are from the areas in which they have managed to java fixing to more morning regulation of business right now to turn back to now if you did not allow for civilians to move in god, they've done all the necessary and car window was created by israel when the war began. the roughly 6 clements hawaii minutes resign, runs from the border of israel to the mediterranean sea. it cuts off northern gauze from the rest of the strip. before is ready, forces open, fire on displace palestinians is very much we spoke, spend a gallery, offered this explanation about why they delayed the nets, are in cordele withdrawal has come us failed to mid it's obligations to 1st release is rarely female civilian hostages, spart over the agreement we are determined t

en la polÍtica estadounidense, alguien como christine noem nunca hubiera sido confirmada. aperture right now, it's constrained public safety threats national security threats that's a smaller population. >> con el camino a las deportaciones masivas pavimentado desde los primeros dÍas del gobierno, con una serie de memorÁndums dirigidos a varias agencias del departamento de seguridad nacional. >> ese es el problema con estos memorÁndums que vemos de estas agencias es que tratan de modificar lo que el congreso no ha querido cambiar y ellos no tienen la autoridad de hacerlo. >> con el voto de este sÁbado en el senado no es ya la cuarta confirmaciÓn en el nuevo gabinete del presidente trump? harÁ un gran trabajo, dijo el presidente trump esta tarde desde un evento en nevada sobre kristi noem, quien ha prometido moralizar y sacudir a un departamento que, en su opiniÓn, se volviÓ disfuncional en washington. javier vega noticias, telemundo. >> y el viernes le informamos a noticias telemundo que mÉxico habrÍa rechazado un vuelo de deportados desde estados unidos. segÚn nbc news, e

. >> president christine lagab reacts to president donald trump holding off on tariffs for now also saying the european central bank is on track to meet targets. >> we do not see ourselves behind the curve and if our baseline holds, i think the -- the anticipation that we have will put us on target. >>> plus, a $500 billion plan. president trump cheers a massive ai infrastructure project backed by soft bank and openai as shares in the japanese firm soar. >> this monumental undertaking is a resounding declaration of confidence in america's potential under a new president. >>> and spanish prime minister pedro sanchez backs europe's stance on tech regulation telling cnbc transparency is key. >> all of us have to be worried because of the concentration of power in a few hands. second, because misinformation is one of the biggest reasons and challenges in all our democracies. >>> nato allies facing calls from president trump to increase defense spending and poland's finance minister also telling us his country's investment is protecting the continent. >> we spent the highest share of those defe

we are in early days here. >> christine, you mentioned private insurance.een challenges for homeowners in california according to some reports as many as 69% of pacific palisades residents covered by state farm were dropped. do homeowners have recourse, and also for insurers, i imagine it's going to get more expensive and risky to write policies for homes in the area. >> homeowners insurance was in a crisis before this happened. looking at just california, for example. the past decade, more than # $40 billion of insured loss according to moody's. the insurers for every dollar they received in a premium, they paid out $1.08. so think about that. that's why they are pulling back and not offeringore because california has a lot of challenges in terms of natural disasters. other parts of the country as well, by the way. so the people there who maybe weren't insured, they have sort of an insurance of last resort, the fair insurance program, it will be a big test of those more bare bones insurance programs with the demands that will come from the rebuilding here.

joining me now, nbc news senior business correspondent, christine romans. christine, i just left off talking with bruce about what it's going to take to get people back. you have been doing some digging into how this process is going to unfold. what can you tell us? >> it's going to be slow, and it's going to be some pretty impossible math in many cases. i'm looking at these numbers that i wanted to tell you about, katy. over the past decade, california has had $70 billion in insured losses from 40 different wildfires. and when you look at it, that's a lot of money. this will rival all of that, probably, and when you look at every dollar of insurance premium that the insurers got from california, they paid out $1.08. people have bare bones insurance policy or may not have an insurance policy or they're insured through the insurer of last resort through the state of california. there's been an insurance crisis in california and other parts of the country as well, with big insurers pulling out, and this will be a real test of what the rebuilding is going to l

nbc's christine romans is following this for us.e, this isn't a simple question, but trump 2.0. yeah. what does this agenda look like? he's made a lot of promises. and it's an aggressive, ambitious agenda. and he comes in, you know, having been in this job. >> before right. >> when he left office, the first term. >> inflation was just 1.4%. it's one of the reasons why so many people voted for him. again, they want to see a number like that. the economy, $22 trillion was the size of the economy. we left office. it's even bigger. the economy is strong. rolling along with that inflation number, something people would like to see lower prices. and he's trying to promise that he will lower prices. so among the things that he has said he will do aggressive tariffs, tax cuts, deportations, deregulation we've got some of that yesterday. he hasn't started the tariffs yet though. he started the clock ticking on tariffs and made a framework. now many mainstream economists will say it. tariffs especially big ones could mean more inflation could

christine: she has neuroblastoma. and it has spread to her liver.my last moments with her. narrator: when you support st. jude and give $19 a month, you can help make cures possible for kids with cancer. st. jude provides customized care for some of the world's sickest children. please call, go online, or scan the qr code right now. together, we can save more lives. tammie: just that feeling that was so hard on your heart that kid's not going to live, every day now-- it's like a gift. narrator: for just $19 a month, you can make a difference. please become a st. jude partner in hope right now. franchet: those that donate-- it's more than a miracle for me. it's more than a blessing. they have done so much for me and my family. narrator: join with your credit or debit card for only $19 a month, and we'll send you this st. jude t-shirt you can proudly wear to show your support. amy: all these children deserve to live. and i would love for it to be the day where no other family has to fear losing their child to cancer. you've given us hope. narrator: pl

mark gillespie, christine quinn, great to see both of you. thanks very much. >> happening this morning, the new defense secretary, pete hegseth, taking charge at the pentagon today. already, the pentagon says that he has been on the phone with israeli prime minister benjamin netanyahu as one of his first acts in office. that call coming as president trump suggests moving palestinians out of gaza. much more to come. let's see. cnn's natasha bertrand is at the pentagon on this. jeremy diamond is in tel aviv. natasha, let me ask you, what are you hearing about pete hegseth? we'll call it his first official day at the pentagon. >> yeah. kate. so we do expect him to be arriving here around 9 a.m. following that extremely narrow confirmation vote last week, he was in the building a little bit over the weekend. he did, as you mentioned, speak to israeli prime minister benjamin netanyahu. and that actually followed the trump administration's decision to lift a ban imposed by biden on the shipment of 200 0 pound bombs to israel. and so hegseth clearly wanted to get the

christine. >> i mean, it could happen. the trade team earlier today who said, basically, it's not it's not if, it's when and how much, and they have a framework in place to look at the causes of america's trade deficits and figure out how they're going to impose them, pointing out also that they imposed them in the first administration, and the biden administration kept them even added some on strategic imports from from china. and team trump, i think, is for sure going to be put on putting on tariffs later on. >> are they going to be watching the markets though, because the markets reacted really positively today? >> you know, it's interesting because you know that donald trump loves to take credit for record highs and take credit for economic numbers. but he has been steadfast that the cornerstone of his economic policy is going to be tariffs. he thinks america is ripped off and are treated like suckers around the rest of the world. and for him, tariffs are high. >> is it your sense that it's going to be 25%? >> i don't

the couple alleges she tried to poison christine's coffee and put thumb tacks on the stairs.iopath. >> said she was going to stab my sons and bury them under the deck. >> reporter: natalia denies all allegations. but the barnetts got the court to legally change natalia's age with michael telling gma they believed she was an adult. >> the marion county superior court ruled that her birth year would be changed from 2003 to 1989 effectively changing her from 8 to 22 years old. >> reporter: natalia maintains she was a child telling "people" all i was told is you're 22 now. i was taught to lie. the barnetts moved her into an apartment alone and left for canada. they were later charged with neglecting a dependent. 2022 michael was found not guilty and christine's charges were dismissed. "people" reports after dna analysis her year of birth was restored to 2003. now in the upcoming case of natalia grace, the final chapter, we get a first look inside the now 21-year-old's contentious relationship with the manns family, who adopted her after the barnetts moved away. >> she's talking a

cnn sports analyst christine brennan is joining us now. how did they do it, christine? what are their chances? postseason. >> you know, jessica, this is a really interesting day in football. of course, our national pastime. it's also a quirky day because kansas city of course, knowing they've already got the number one seed in the afc, they rested a lot of players. patrick mahomes, of course, their quarterback didn't play, so it made it easier theoretically for denver to make it in. you also had a scenario where the cincinnati bengals were were sitting around joe burrow, their great quarterback. they've won five in a row after winning yesterday. they had to have other things happen. they had to have denver lose. they had to have the jets beat miami, which did happen. >> but they're, you know, waiting and hoping to see if the right kind of combination of of events happened to get them in the playoffs. >> turns out cincinnati disappointed they don't make it after that last five game run that they had. but denver does. you know i think some of these teams that are coming i

that full in a dry desert, particularly sought after because they degrade very slowly, providing christine information about the composition and origin of our kind of tree system. is there any sign if it'll be for the millions of palestinians and gaza for now stuck between an outgoing biden administration and an incoming trumpet to industries. now that americans have decided to put forth back in the white house, what kind of country in the world expect the quizzical look of us politics. the bottom line a showcase of the best document refills from across the network. on al jazeera, the, [000:00:00;00] the, and well come on sort of kind of to this is a news life from the coming up in the next 60 minutes is ready, occupation forces continue to attack, palestinians and the occupied westbank. at least 10 people have been killed in janine, and more than 60, arrested. returning to rubble and crossing within sufficient age for reports on the points of palestinians in gauze or in the off the mazda of the genocide. also a heads were talking about a tariff of to infinity. government on the palestinia

i would like to thank christine for her tireless work on the budget committee. you have absolutely help us deliver transparency and between you and kc crosbie we have passed all of our audits in sometimes and do some places we have passed with a clean record for the first time ever. so we are very grateful for you and the work that you've done and would also like to offer congratulations on the announcement of your appointment as the ambassador to sweden. [applause] >> before we move to officer elections i like your first thank all of our current officers. you've done an amazing work and i greatly appreciate all of your support and guidance. now we will proceed to the election of rnc officers. election shall be held in the following order. chairman, cochair, treasurer and secretary. each candidate will be allotted five-minute for total nominating and secondary speeches, and the general councils will keep time. the counsels office will hold up a sign with one minute remaining and a second time when time has expired. time limits will be strictly enforced. nominati

christine brennan, thank you so much. appreciate it. in our money lead that super bowl snack spread might cost you more this year depending on what you're serving up. according to a report by wells fargo. healthy snacks, such as dipping vegetables or cherry tomatoes saw a steep price increase. the price of avocados rose 11.5%. when it comes to tortilla chips, those prices are down 1.4%. and those frozen pizzas 3.7% cheaper. one reason for the price hike is unfavorable growing conditions. thanks to hurricanes milton and helene, many crops were completely destroyed and the land unable to grow more. our last leads are next. >> the situation room with wolf blitzer next on cnn. >> liberty mutual. >> customized my car insurance, so i saved hundreds. with the money i. >> saved. >> i thought. >> i'd get a wax figure. >> of myself. >> oh. >> right in the temporal lobe. >> beat it. >> punks only. pay for what you need. >> liberty, liberty, liberty, liberty. >> you know that thing your family does? someone made it a thing back in the day. >> but w

a disease which had already claimed the life of her auntie christine. said, i've got cancer, haven't i? and he went, how did you know? and it was the gentleman that had previously dealt with my auntie as well. i probably cried two tears. and then after that, that was it, i were like, right, tell me what i need to do, i'm going to do this. fabulous. that's going to look great. i went two years without my breast, and then i had the reconstruction two year ago. when you see your scars... yeah, i don't like them. this is the bit that bothers you the most, isn't it? that's all i can see. i try not to look at my scars. so it's something like, even.... there you go. it's amazing, isn't it? so, yeah. i've been waiting for this moment. and all will be revealed at a burlesque show in two weeks' time, when kate's inkredible clients will all embrace their brand new sense of self. definitely out of my comfort zone. have you ever done anything like this before? absolutely not. you've never done anything like that before?! but you're a natural. it's my first time. how

christine, good morning. >> reporter: good morning.his app called deepseek is making tidal waves in the tech industry, and this breakthrough raising serious questions about where the u.s. stands in the global a.i. race. this morning the a.i. arms race now affecting your wallet as a new technology from a small chinese lab sends big u.s. companies reeling. deepseek, a chinese company, released a virtual assistant fueled by artificial intelligence last week. it quickly climbed to the top of the apple app store fueling a dramatic sell-off of a.i. stocks yesterday. >> it is mind blowing and it is shaking this entire industry to its core. >> reporter: president trump saying companies should be on notice. >> the release of deepseek.i. from a chinese company should be a wake-up call for our industries that we need to be laser focused on competing. >> reporter: deepseek says its models perform as well as a.i.'s biggest companies and is much cheaper to make saying it spent $5.6 million training its model compared to chatgpt which spent $78 milli

we have senior business correspondent christine mans here with more. christine, good morning.ave because so many didn't have insurance because of earlier natural disasters. what do they do now? >> for california homeowners, there was homeowner insurance anxiety before the tragedy. this is still unfolding. people haven't been able to get back to neighborhoods. many haven't started the insurance process. over the past couple years, people have non renewal. their company sent them a letter saying we're not going to renew your insurance contractor or getting the last resort insurance from the state and that might be a bare bones policy. there is deep anxiety about homeowners insurance in california and this adds to it. look, these rates have been rising across the country the past couple years. double digits. >> what is the best advice for homeowners? especially those in disaster areas? >> i think we need to check our policies. i got a letter from mine asking we got the approval to increase your 26%. review your policy. it is a good time to take pictures and videos of everything i

christine lagarde in davos. thursday, donald trump remarks from davos, virtually.nings from verizon. a rate decision. we are looking at 30 year mortgages over the last six months. rates remain elevated at 7% despite rate cuts. we will keep an eye on that. from new york, that does it for us. same time, same place next week. ♪ >> welcome to bloomberg markets. i'm sonali basak. the u.s. supreme court has upheld a law that bans tiktok. updates continuing to come out of washington around the story. we will bring you the latest. first, check on markets. s&p 500 is hitting a session high just a moment ago, firmly above that 6000 level. the last day of trading before president-elect trump begins his next term. it

but it took the christine craft incident, i think, to to bring that conversation out into the open. >> this coming sunday, a new television network opens for business. cnn cable news network. you're throwing all the dice on this one. >> why not? >> nothing ventured. >> nothing gained. faint heart. >> never won. fair lady. >> well, on that original point, mr. turner, thank you very much indeed. i wanted to see. >> what was going on in the world, and. >> there was no way. >> that you could do it. watching the regular television stations. and this only comes on at six and 10:00. but if there was news on 24 hours, people could watch it any time. >> we signed on on june 1st. and barring satellite problems. >> in the future. >> we won't be signing off until the world ends. >> there was a widespread belief that this was a fool's errand. >> how can this. >> possibly find an audience? well, he did. >> ready? camera three one. >> center up. >> good evening. i'm david walker. >> and i'm lois hart. now, here's the news. president carter has arrived. >> television news. >> before, this. >> was stu

christine, lay out the landscape for us. where are we in the housing market?ple just put that home buying on a shelf, but we saw in november pending home sales actually picked up for four months in a row. so you were starting to see some signs of life at what has been a pretty frozen real estate market. super interesting home sales picking up just a little bit here. housing market experts essentially telling us people who are buying a home have said we're recalibrating. we're not going to wait for lower mortgage rates. we have to move for school or a job, and so we're going to move. >> so where are they going? where are the markets? >> south. the south saw home sales pick up in november by about 5%. so you look at that, we're talking about florida. we're talking about texas, the carolinas, even tennessee. the midwest up a little bit. look at the northeast, home sales down in the northeast. the experts saying the reason the south is seeing those big gains is because of the availability of homes and the availability of jobs. and so that was why you saw a pickup

. >> chant they got approved and christine norm got approved governor. >> reporter: tom caught anotheranking republican in the senate joins us to live as another key trump nominee prepares for a make shannon: or break week in front of the intelligence committee he now leads. plus... four more hostages released from hamas captivity as the cease-fire agreement enters a second week. rejoined exclusively on the state of the fragile deal and the impact of the new president's vision for the region. then. >> this is about ensuring the citizenship of our national identity. >> this executive order is not only going to be burdensome it's unconstitutional. >> border security and the fight over birthrate citizenship we will look at the legal challenges and how it might play out in our nation's highest courts. all right now on fox news sunday. ♪ ♪ >>> hello from fox news in washington we begin with a look at some of your top headlines. much-needed rain is falling in southern california today. it aids firefighters as they tried to prevent another major flare up but there are worries major reign over

then, under her is christine larson. they're all christine or christina. she's also a lesbian.hristina, christina, christina, lesbian, lesbian, lesbian. >> jon: what! what are you doing? you just [bleep] summoned them! do you understand? you can't just say the name three times! do you know what you just unleashed onto this earth? from now on, it's just infernos and lesbian firefighters. by the way, i'm not sure megyn with a "y" should be criticizing people named christina. but apparently, to the right, drought conditions, high winds, and densely stacked flammable structures were all fine until they added the lesbians. and then, something peculiar happened. >> what is your message to city administrators starting with mayor bass? >> my message is the fire department needs to be properly funded. >> and it's not? >> it's not at this point. >> did the city of los angeles fail you? >> yes. >> we need to be fully, fully funded and supported so that our firefighters can do their jobs. >> jon: lesbian firefighter has attacked black lady mayor! who will the right support in this opposite

. >> let's go to nbc news senior business correspondent christine romans.mean for all of us? >> your next billing cycle will be about $2.50 more if you have the main account, $17.99. if you have the ad-based account, that goes up from 6.99 to 7.99. the premium account, 24.99. they didn't ha a price hike last year, but they hinted they would be raising prices. >> it feels like they're not the only ones. this is happening with a lot of streaming platforms. >> last year the major players raised their prices. in the case of netflix, the issue is they're investing in live sports. you saw two nfl games on christmas, the beyonce bowl, the big mike tyson fight. 108 million people tuned. now they have monday night raw, that is wrestling and it's really popular. there could be new subscribers. 19 million people signed up, never been that many people sign up for netflix. >> how do we bring down the monthly cost? it's a lot. >> aside from canceling and reading a book, if you want to keep your streamers, look at what you got and assess what's the most important for you.

christine: she has neuroblastoma. and it has spread to her liver.y minute with her because i do not know when would be my last moments with her. narrator: when you support st. jude and give $19 a month, you can help make cures possible for kids with cancer. st. jude provides customized care for some of the world's sickest children. please call, go online, or scan the qr code right now. together, we can save more lives. tammie: just that feeling that was so hard on your heart that kid's not going to live, every day now-- it's like a gift. narrator: for just $19 a month, you can make a difference. please become a st. jude partner in hope right now. franchet: those that donate-- it's more than a miracle for me. it's more than a blessing. they have done so much for me and my family. narrator: join with your credit or debit card for only $19 a month, and we'll send you this st. jude t-shirt you can proudly wear to show your support. amy: all these children deserve to live. and i would love for it to be the day where no other family has to fear losing the

monday, remarks from ecb president christine bogard and earnings.yal caribbean on starbucks. more of a read into the consumer. wednesday i said rate is instead at a press conference from chairman powell and big tech earnings kickoff. hard to know which will have a bigger impact on the market. it may be technology this time. thursday morning -- earnings from apple, intel, visa and others and and ecb rate decision. finally pce data and earnings with exxon mobil, samsung, and novartis. a slight tick up in court pce for the month of december showing an acceleration from the month before and validating the feds more cautious approach to further interest-rate cuts. looking at those estimates court pce year-over-year expected to stay roughly flat but pce month over month expected to show a rise of .3% versus .1% prior. looking at markets right now, as we head out of the final week of the year we are looking of course at an s&p 500 that has had its best run since the 80's for presidential administration in its first week. looks like the bond market is behav

presentadora: hoy fue la audiencia de christine, prometiÓ mano dura en el tema migratorio que incluye la gobernadora de dakota del sur nominada a secretaria de zulia nacional, defendiÓ la deportaciÓn masiva del presidente donald trump. la frontera sur no es segura, pero en tres dÍas tendremos un nuevo presidente y Él lo harÁ. dijo que eliminarÁ la aplicaciÓn cbp1. manifestÓ apoyoal programa de solicitantes de asilo y las deportaciones se van a enfocar a 420,000 documentados y los que se han quedado en el paÍs mÁs allÁ permitido del tiempo permitido en sus vicios. una senadora demÓcrata le preguntÓ. [habla en inglÉs] si el presidente le ordena que envÍa agentes federales a un estado en coordinar los del Área? voy a cumplir la constituciÓn. estÁ destinada a una confirmaciÓn expedita, dado el apoyo de los republicanos. [habla en inglÉs] >> creo que es bipartidista y espero que votemos el lunes, dijo el senador que presidiÓ la audiencia. el gobernador donde se registrÓ un ataqueerror estÁ pidiÓ que se acelere. >> necesitamos que se confirme el lunes, vamos a tener el sÚper tazÓn en nueva

larry and christine. >> all right. spencer, thank you. this afternoon, seven on your side investigates what happens if the california fair plan. that's kind of the last option. plan goes under in the wake of the devastation in los angeles. >> so specifically here, what impact might it have on every policyholder in the state, including us in northern california? and seven on your side. stephanie sierra is here with more on that. this is a complicated situation, very complicated. >> but both those questions are key in this. as we know, wells fargo and goldman sachs estimate the insured losses from los angeles are now around $30 billion. so we wanted to know just that if the california fair plan goes bankrupt, what does that mean for the average california consumer, and how likely is that to happen? >> you can bet that if the fair plan goes bankrupt and it's a good bet it will. the insurance companies will come after us to pay the debts that they owe. >> the california fair plan, the state's insurer of last resort, said this week it has paym

host: christine in new york. christine, go ahead, please. caller: hi. i know this has been talked about already but according to section 3 of the 14th amendment, donald trump is already disqualified because of the insurrection. january 6 wasn't a riot, it was an insurrection led by and paid for by him. the supreme court said he couldn't be taken off the ballot but they didn't say he was not disqualified. i'd like to see our lawmakers actually have a spine and use the powers given to them by the constitution and prevent this fashion frist taking over our country and -- fascist from taking over our country and selling it to the highest bidder. host: any reaction? guest: i didn't hear a question there. we'll let it pass. host: i wanted to ask about the number of electoral college votes, 535 members of congress, but there are 538 electoral college votes. when did d.c. get the right to participate? guest: jeopardy again. i don't know actually. but as a d.c. resident, i'm thankful that they do. that we at least have buy-in, given we don't have a representativ

joining us nbc news s seor business correspondent christine romans.es president trump's economic situation this time ompared to the one in his first term. >> day one and he has been here before. the end of the first term inflation was 1.4%, zinhle. the economy was a huge, biggest in the world $22 trillion. today you have inflation higher than that. one of the reasons why he was elected president. 2.9%. the economy bigger, $30 trillion. that is a huge big growing economy. he has promised aggressive tariff tax cuts, deportations, deregulation. he didn't announce any tariffs yesterday. a framework that should come sometime down the road we are told. >> of course, a lot of the trump's election was the economy and what is -- what are the first 100 days set to look like? >> sure. we got a lot f indication of that yesterday. you know, emergency at the border, emergency for energy, a lot of energy unleashing energy resources, and then these are really the four cornerstones of what he promised for the next administration. what would that look like? let's talk