tom: bloomberg's aviation reporter danny lee. you can see that live press conference right now. we keep across a story for you throughout this hour. we will get an update in the next 20 minutes from the team monitoring what is unfolding and washington, d.c. this is a live situation and the press conference continues. we will switch focus to the earnings story in europe. us get the latest lines from the drugmaker roche in switzerland. here is the redhead, roche seeing full year 2025 sales increase in the mid single digit range. mid single digit range increase for the full year 2025 in terms of sales. the stock is up 18% less 12 once. the focus is on the pipeline. m&a is well expected to be scrutinized, their appetite for further deals. roche sees an opportunity to further increase the dividend. that's another line crossing, in terms of core earnings per share full year, coming in at 18.8 swiss francs above the estimates. full-year core earnings-per-share, it's a beat for roche, operating profit just below the estimates. for the full year. to the banking space. or bank, the redhea

lizzy: bloomberg asia transport reporter danny lee. i'm not sure if teslas have hoods. nonetheless, thanks for looking under the hood with us. now to some other stories making news this morning. apple shares slipping after reuters reported the iphone maker is offering discounted smartphones in china. the fourth down day marks apples longest losing streak since november. reuters says the discounts will run from january 4 to january 7, knocking 500 yuan off the flagship iphone 16 pro and the promax. china is planning to tighten export restrictions on technology used to make battery components, proposed measures include curbs on extracting gallium and lithium. the move comes a month after beijing responded to u.s. technology curbs by banning several materials with high-tech and military applications. and bloomberg understands that president joe biden decided to block the sale of u.s. steel to japan's nippon steel. the official announcement is planned for later today. the washington post reported senior advisors raised concerns that the move may hurt relations with japan an

. >> reporter: danny lee and his 6-year-old son oliver were among the many volunteers. >> kids and grown-ups are homeless. they don't have anywhere to live. >> reporter: officials say hundreds have fled the area to shelters with tens of thousands of people in l.a. county still under evacuation orders. now the cause of the two largest fires are still under investigation, but when all is said and done they are expected to be the nation's costliest. michael? >> all right, charlie demar on the front lines of the palisades fire. thanks. >>> the fbi is trying to identify the operator of a drone that collided with a firefighting plane bottling the -- battling the wildfires. authorities say the drone violated temporary flight restrictions puts into place in the wake of the fires on thursday and damaged the aircraft known as the super scooper. officials say there have been at least 40 incidents of drones forcing firefighters to pause air operations. ♪ >>> a church in santa monica opened its doors to people whose own house of worship was destroyed in the wildfires. more than 200 people attended mass y

danny lee, thank you for joining us. a quick check of markets before we head out. we have investors digesting this news about a pause for rate cuts. we had another australian bank joining for a potential rate cut in february. the australian equities up .5%. stay with us. this is bloomberg. ♪ david: this is my kitchen table, and it's also my filing system. over much of the past three decades, i've been an investor. [applause] the highest calling of mankind, i've often thought, was private equity. [laughter] and then i started interviewing. i watched your interviews, so i know how to do some interviewing. [laughter] i've learned from doing my interviews how leaders make it to the top. jeff: i asked him how much he wanted. he said 250. i said, fine. i didn't negotiate with him, and i did no due diligence. david: i have something i would like to sell. [laughter] and how they stay there. you don't feel inadequate now, because being only the second wealthiest man in the world, is that right? [laughter] david: i am in the statehouse of maryland where i just had a conversa