In this Christmas Day special edition of Bloomberg Daybreak with Nathan Hager: 
Tom Porcelli, Chief US Economist at PGIM Fixed Income, discusses what the Fed will do in 2025.
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets and Cameron Dawson, the Chief Investment Officer at NewEdge Wealth, break down what we can expect in equities 
Burt Flickinger, the Managing Director at Strategic Resource Group, brings us the winners and losers of the 2024 holiday retail season. 

In this Christmas Day special edition of Bloomberg Daybreak with Nathan Hager:&nbsp;
<ul>
<li>Tom Porcelli, Chief US Economist at PGIM Fixed Income, discusses what the Fed will do in 2025.</li>
<li>Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets and Cameron Dawson, the Chief Investment Officer at NewEdge Wealth, break down what we can expect in equities&nbsp;</li>
<li>Burt Flickinger, the Managing Director at Strategic Resource Group, brings us the winners and losers of the 2024 holiday retail season.&nbsp;</li>
</ul>

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Daybreak Holiday: Inflation Pressure, Markets, Retail 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/39bdbe48-4ea1-4724-962c-b25000b529fa/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Ed Gallrein, President Trump's hand-picked candidate, defeated Thomas Massie in a congressional primary in Northern Kentucky. Gallrein's victory is seen as a sign of Trump's grip over his base in solid Republican states, despite national surveys showing the broader electorate souring on the president's handling of issues. The primary was one of the most expensive on record, with nearly $33 million spent.
2) President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. The Republican-led US Senate signaled opposition to continuing the war with a procedural vote on Tuesday evening that reflected deepening unease over a foreign conflict. Vice President JD Vance projected a slightly more positive tone on the negotiations, saying "we think that we've made a lot of progress, we think the Iranians want to make a deal," but also threatened a resumption of strikes.
3) Talks between Samsung and its largest labor union broke down, raising the prospect of a strike that may disrupt global chip supply and hamper Korean economic growth. A general work stoppage will go ahead after Samsung’s management rejected a proposal from government mediators that had been accepted by the union, according to labor leader Choi Seung-ho. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world’s biggest supplier of chips that go into devices from data center servers to smartphones and electric vehicles.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Ed Gallrein, President Trump's hand-picked candidate, defeated Thomas Massie in a congressional primary in Northern Kentucky. Gallrein's victory is seen as a sign of Trump's grip over his base in solid Republican states, despite national surveys showing the broader electorate souring on the president's handling of issues. The primary was one of the most expensive on record, with nearly $33 million spent. 2) President Trump threatened to resume strikes on Iran in the coming days as part of the push for a deal to end the war. The Republican-led US Senate signaled opposition to continuing the war with a procedural vote on Tuesday evening that reflected deepening unease over a foreign conflict. Vice President JD Vance projected a slightly more positive tone on the negotiations, saying "we think that we've made a lot of progress, we think the Iranians want to make a deal," but also threatened a resumption of strikes. 3) Talks between Samsung and its largest labor union broke down, raising the prospect of a strike that may disrupt global chip supply and hamper Korean economic growth. A general work stoppage will go ahead after Samsung&rsquo;s management rejected a proposal from government mediators that had been accepted by the union, according to labor leader Choi Seung-ho. The collapse in negotiations puts the global technology supply chain at risk because Samsung is the world&rsquo;s biggest supplier of chips that go into devices from data center servers to smartphones and electric vehicles.

Primaries Show Trump's Political Power; Threat of More Iran Strikes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3fe4534d-74df-4901-b3d0-b45000a1f509/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said he called off a new bombardment of Iran planned for Tuesday after Saudi Arabia and other Persian Gulf allies wanted more time to pursue diplomacy. Trump said the US delayed the strikes "for a little while, hopefully maybe forever," because "we've had very big discussions with Iran, and we'll see what they amount to." There was no immediate confirmation from Tehran of renewed talks, and Tehran's leaders have taken a hard line, insisting the US ends a blockade of Iranian ports and provides assurances they won't be attacked again.
2) A jury rejected Elon Musk's claims that OpenAI betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. The verdict is a major relief for OpenAI as it eyes a potential initial public offering, and Musk and his lawyers have vowed an appeal. The jury concluded that Musk had enough knowledge about his claims years ago that he should have sued sooner, and did not address his central claim that OpenAI abandoned its responsibilities to develop AI for the benefit of humanity.
3) New York City’s transit system and Long Island Rail Road workers reached a potential labor agreement, ending a historic strike that suspended service on the largest commuter line in the US. The agreement doesn’t rely on higher-than-budgeted fare hikes or raising taxes to pay for higher wages, according to Governor Kathy Hochul.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said he called off a new bombardment of Iran planned for Tuesday after Saudi Arabia and other Persian Gulf allies wanted more time to pursue diplomacy. Trump said the US delayed the strikes "for a little while, hopefully maybe forever," because "we've had very big discussions with Iran, and we'll see what they amount to." There was no immediate confirmation from Tehran of renewed talks, and Tehran's leaders have taken a hard line, insisting the US ends a blockade of Iranian ports and provides assurances they won't be attacked again. 2) A jury rejected Elon Musk's claims that OpenAI betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. The verdict is a major relief for OpenAI as it eyes a potential initial public offering, and Musk and his lawyers have vowed an appeal. The jury concluded that Musk had enough knowledge about his claims years ago that he should have sued sooner, and did not address his central claim that OpenAI abandoned its responsibilities to develop AI for the benefit of humanity. 3) New York City&rsquo;s transit system and Long Island Rail Road workers reached a potential labor agreement, ending a historic strike that suspended service on the largest commuter line in the US. The agreement doesn&rsquo;t rely on higher-than-budgeted fare hikes or raising taxes to pay for higher wages, according to Governor Kathy Hochul.

Trump Calls Off Iran Strike; Jury Rejects Musk's OpenAI Claims

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1a37ce2e-3361-4df9-b3af-b44f00a26190/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Donald Trump expressed frustration with Iran and told it the “clock is ticking,” hours after drones targeted a nuclear power plant in the United Arab Emirates.Tehran “better get moving, FAST, or there won’t be anything left of them,” Trump said on Truth Social on Sunday. These were his most belligerent comments regarding the Iran war, which remains in a fragile ceasefire, since he returned to the US from China on Friday.
2) Aaron Rai was just another name among a dozen others who had reason to believe the PGA Championship was theirs for the taking Sunday at tough Aronimink.There was Rory McIlroy, Jon Rahm and Xander Schauffele, with 10 majors among them, all ready to seize the moment on a stage that was unfamiliar to Rai.Justin Thomas was the clubhouse leader for nearly four hours after a 65 before the course turned hard under a hot sun.
3) Long Island commuters are poised to battle congested roads and packed buses as a workers’ strike threatens to disrupt travel in and out of New York City unless negotiators can strike a deal.Monday would be the first weekday since the Long Island Rail Road, the nation’s busiest commuter railroad, stopped service on Saturday after roughly 3,500 engineers, signalmen and electrical workers walked off the job following a stalemate between the state-run Metropolitan Transportation Authority and union leaders on a labor deal.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Donald Trump expressed frustration with Iran and told it the &ldquo;clock is ticking,&rdquo; hours after drones targeted a nuclear power plant in the United Arab Emirates.Tehran &ldquo;better get moving, FAST, or there won&rsquo;t be anything left of them,&rdquo; Trump said on Truth Social on Sunday. These were his most belligerent comments regarding the Iran war, which remains in a fragile ceasefire, since he returned to the US from China on Friday. 2) Aaron Rai was just another name among a dozen others who had reason to believe the PGA Championship was theirs for the taking Sunday at tough Aronimink.There was Rory McIlroy, Jon Rahm and Xander Schauffele, with 10 majors among them, all ready to seize the moment on a stage that was unfamiliar to Rai.Justin Thomas was the clubhouse leader for nearly four hours after a 65 before the course turned hard under a hot sun. 3) Long Island commuters are poised to battle congested roads and packed buses as a workers&rsquo; strike threatens to disrupt travel in and out of New York City unless negotiators can strike a deal.Monday would be the first weekday since the Long Island Rail Road, the nation&rsquo;s busiest commuter railroad, stopped service on Saturday after roughly 3,500 engineers, signalmen and electrical workers walked off the job following a stalemate between the state-run Metropolitan Transportation Authority and union leaders on a labor deal.

US Tells Iran ‘Clock Is Ticking’; Aaron Rai Wins PGA Championship

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c2d3c172-7966-435e-8d05-b44e009dfaaa/transcript

Daybreak Holiday: Inflation Pressure, Markets, Retail

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