On this special holiday edition of Bloomberg Daybreak US edition, host Nathan Hager speaks with Bloomberg Opinion columnist Barry Ritholtz on what he's watching in markets for the rest of 2025. Also, Mandeep Singh looks at Nvidia and the Magnificent 7 and Mike McGlone breaks down the ceiling for Bitcoin. 

On this special holiday edition of Bloomberg Daybreak US edition, host Nathan Hager speaks with Bloomberg Opinion columnist Barry Ritholtz on what he's watching in markets for the rest of 2025. Also, Mandeep Singh looks at Nvidia and the Magnificent 7 and Mike McGlone breaks down the ceiling for Bitcoin.&nbsp;

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Bloomberg Daybreak: US Edition

Daybreak Holiday: Markets, Nvidia, Bitcoin

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/527fcd36-191f-4324-be16-b2e9009369a4/transcript

On today's podcast:
1) President Trump looked to reassure Americans concerned about the rising cost of living by announcing plans to award a special holiday payment to military service members and roll out new housing reforms in the new year. Trump announced the plans Wednesday during a prime-time address from the White House, which he used to extol his accomplishments from his first year back in the White House and convince voters they should still blame his predecessor for persistent economic anxieties. Trump’s biggest announcement was a move to award service members $1,776 payments, a decision that should provide a holiday boost to 1.45 million Americans.
2) The US has approved a package of arms sales to Taiwan worth up to $11 billion — one of its biggest ever — a move that drew criticism from Beijing. The approvals announced late Wednesday by the State Department cover a broad range of equipment, including missiles, drones and artillery systems aimed at strengthening the democracy’s defenses. The package includes the High Mobility Artillery Rocket System, or HIMARS, valued at up to $4.05 billion and howitzer guns worth about $4 billion. The total value of the weaponry is up to $11.154 billion, according to a statement from Taiwan’s Defense Ministry. The State Department said that the final amount would be lower depending on factors such as budget authority and military needs. Chinese Foreign Ministry spokesman Guo Jiakun later said his nation “strongly opposes and condemns” the US arms sale. 
3) European Union leaders will try to overcome staunch resistance to both a funding plan for Ukraine and a massive trade deal with South America during a summit in Brussels starting Thursday — insisting that the bloc’s reputation is on the line. The gathering has taken on unusually high stakes as the EU is up against deadlines on both fronts. Officials say the EU’s Ukraine funding plans could fall apart if no agreement is found at the summit, forcing everyone back to the drawing board. And the trade pact with the Mercosur bloc — Argentina, Brazil, Paraguay and Uruguay — may enter a prolonged freeze if the EU can’t approve it before a tentative signing ceremony on Saturday

On today's podcast: 1) President&nbsp;Trump&nbsp;looked to reassure Americans concerned about the rising cost of living by announcing plans to award a special holiday payment to military service members and roll out new housing reforms in the new year. Trump announced the plans Wednesday during a prime-time address from the White House, which he used to extol his accomplishments from his first year back in the White House and convince voters they should still blame his predecessor for persistent economic anxieties. Trump&rsquo;s biggest announcement was a move to award service members $1,776 payments, a decision that should provide a holiday boost to 1.45 million Americans. 2) The US has approved a package of arms sales to Taiwan worth up to $11 billion &mdash; one of its biggest ever &mdash; a move that drew criticism from Beijing. The approvals&nbsp;announced&nbsp;late Wednesday by the State Department cover a broad range of equipment, including missiles, drones and artillery systems aimed at strengthening the democracy&rsquo;s defenses. The package includes the High Mobility Artillery Rocket System, or HIMARS, valued at up to $4.05 billion and howitzer guns worth about $4 billion. The total value of the weaponry is up to $11.154 billion, according to a&nbsp;statement&nbsp;from Taiwan&rsquo;s Defense Ministry. The State Department said that the final amount would be lower depending on factors such as budget authority and military needs. Chinese Foreign Ministry spokesman&nbsp;Guo Jiakun&nbsp;later said his nation &ldquo;strongly opposes and condemns&rdquo; the US arms sale.&nbsp; 3) European Union&nbsp;leaders will try to overcome staunch resistance to both a funding plan for Ukraine and a massive trade deal with South America during a summit in Brussels starting Thursday &mdash; insisting that the bloc&rsquo;s reputation is on the line. The gathering has taken on unusually high stakes as the EU is up against deadlines on both fronts.&nbsp;Officials say the EU&rsquo;s Ukraine funding plans could fall apart if no agreement is found at the summit, forcing everyone back to the drawing board. And the trade pact with the Mercosur bloc &mdash; Argentina, Brazil, Paraguay and Uruguay &mdash; may enter a prolonged freeze if the EU can&rsquo;t approve it before a tentative signing ceremony on Saturday

Trump Targets Price Anxiety in Primetime Address; US Approves $11 Billion Arms Sale to Taiwan

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c98eb46d-54c8-4d85-9d7d-b3b700b0bf5d/transcript

On today's podcast:
1) President Trump ordered a blockade of sanctioned oil tankers going into and leaving Venezuela, ratcheting up pressure on Caracas as the US builds up its military presence in the region. The move threatens to choke off the economic lifeblood of a country that was already under severe financial pressure. But it will have a less profound impact on global markets due to the diminished status of Venezuela’s oil industry. The OPEC member’s crude output has slumped about 70% through more than 25 years of socialist rule to less than 1 million barrels a day. It could potentially rebound if the governing regime were to change.
2) The US is preparing a fresh round of sanctions on Russia’s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace agreement with Ukraine, according to people familiar with the matter. The US is considering options, such as targeting vessels in Russia’s so-called shadow fleet of tankers used to transport Moscow’s oil, as well as traders who facilitate the transactions, said the people who spoke on condition of anonymity to discuss private deliberations. The new measures could be unveiled as early as this week.
3) OpenAI is in initial discussions to raise at least $10 billion from Amazon.com Inc. and use its chips, a potential win for the online retailer’s effort to broaden its AI industry presence and compete with Nvidia Corp. The deal under discussion could value OpenAI north of $500 billion and see it adopt Amazon’s Trainium chip, a person with knowledge of the matter said, asking to remain anonymous to describe private negotiations. Talks, however, are at a preliminary stage and terms could change, the person added. A deal would mark a win for Amazon’s fledgling semiconductor division. While Nvidia dominates the market for the powerful chips required to create AI platforms, developers such as Meta Platforms Inc. are starting to explore rival offerings from the likes of Alphabet Inc.’s Google.

On today's podcast: 1) President&nbsp;Trump&nbsp;ordered a blockade of sanctioned oil tankers going into and leaving Venezuela, ratcheting up pressure on Caracas as the US builds up its military presence in the region. The move threatens to choke off the economic lifeblood of a country that was already under severe financial pressure. But it will have a less profound impact on global markets due to the diminished status of Venezuela&rsquo;s oil industry.&nbsp;The OPEC member&rsquo;s crude output has slumped about 70% through more than 25 years of socialist rule to less than 1 million barrels a day. It could potentially rebound if the governing regime were to change. 2) The US is preparing a fresh round of sanctions on Russia&rsquo;s energy sector to increase the pressure on Moscow should President Vladimir Putin reject a peace agreement with Ukraine, according to people familiar with the matter. The US is considering options, such as targeting vessels in Russia&rsquo;s so-called shadow fleet of tankers used to transport Moscow&rsquo;s oil, as well as traders who facilitate the transactions, said the people who spoke on condition of anonymity to discuss private deliberations. The new measures could be unveiled as early as this week. 3) OpenAI&nbsp;is in initial discussions to raise at least $10 billion from&nbsp;Amazon.com Inc.&nbsp;and use its chips, a potential win for the online retailer&rsquo;s effort to broaden its AI industry presence and compete with&nbsp;Nvidia Corp. The deal under discussion could value OpenAI north of $500 billion and see it adopt Amazon&rsquo;s&nbsp;Trainium&nbsp;chip, a person with knowledge of the matter said, asking to remain anonymous to describe private negotiations. Talks, however, are at a preliminary stage and terms could change, the person added. A deal would mark a win for Amazon&rsquo;s fledgling semiconductor division. While Nvidia dominates the market for the powerful chips required to create AI platforms, developers such as&nbsp;Meta Platforms Inc.&nbsp;are starting to&nbsp;explore&nbsp;rival offerings from the likes of&nbsp;Alphabet Inc.&rsquo;s Google.

Trump Orders Sanctioned Oil Tanker Blockade in Venezuela; US Readies New Russia Sanctions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/50640805-e875-4184-afbe-b3b600ac8407/transcript

On today's podcast:
1) US negotiators offered more significant security guarantees to Kyiv as part of President Trump’s renewed push to end the Russia-Ukraine war, but the effort still appeared part of a bid to pressure President Volodymyr Zelenskiy on territory. The Trump administration offered to provide Ukraine with strong “Article 5-like” security guarantees — a reference to NATO’s mutual defense clause — as part of the current deal to find a diplomatic solution to the conflict, a US official told reporters, without providing any details. Later on Monday, Trump said a negotiated end to the war was “closer than” ever and that the US was working with Europe on security guarantees. But then he appeared to suggest Ukraine ought to give up land as part of the deal. 
2) Nick Reiner, 32, was arrested and booked for the murder of his parents, the Hollywood director and actor Rob Reiner and photographer Michele Singer Reiner. The son was being held in jail in Los Angeles on no bail, the Los Angeles Police Department said in a statement on X. The case will be presented to the Los Angeles County District Attorney for filing consideration on Tuesday. Reiner, who directed 1980s classics like The Princess Bride and This Is Spinal Tap, was found dead Sunday at his home with his wife, both of whom appeared to have died from stab wounds, NBC News and other outlets reported, citing a source close to the family.
3) Shock over a shooting rampage at Brown University over the weekend is giving way to frustration over the lack of video footage and suspects. Authorities in Providence, Rhode Island, said Monday they hadn’t identified any new persons of interest in the shooting that killed two people and injured nine on the Ivy League campus Saturday afternoon. A person detained earlier was released late Sunday, and officials have said a lack of clear security-camera footage from inside the Barus & Holley engineering building where the shooting took place has slowed the search.

On today's podcast: 1) US negotiators offered more significant security guarantees to Kyiv as part of President&nbsp;Trump&rsquo;s renewed push to end the Russia-Ukraine war, but the effort still appeared part of a bid to pressure President&nbsp;Volodymyr Zelenskiy&nbsp;on territory.&nbsp;The Trump administration offered to provide Ukraine with strong &ldquo;Article 5-like&rdquo; security guarantees &mdash; a reference to NATO&rsquo;s mutual defense clause &mdash; as part of the current deal to find a diplomatic solution to the conflict, a US official told reporters, without providing any details.&nbsp;Later on Monday, Trump said a negotiated end to the war was &ldquo;closer than&rdquo; ever and that the US was working with Europe on security guarantees. But then he appeared to suggest Ukraine ought to give up land as part of the deal.&nbsp; 2) Nick Reiner, 32, was arrested and booked for the murder of his parents, the Hollywood director and actor&nbsp;Rob Reiner&nbsp;and photographer&nbsp;Michele Singer Reiner. The son was being held in jail in Los Angeles on no bail, the Los Angeles Police Department said in a&nbsp;statement&nbsp;on X. The case will be presented to the Los Angeles County District Attorney for filing consideration on Tuesday. Reiner, who directed 1980s classics like&nbsp;The Princess Bride&nbsp;and&nbsp;This Is Spinal&nbsp;Tap, was found dead Sunday at his home with his wife, both of whom appeared to have died from stab wounds, NBC News and other outlets&nbsp;reported, citing a source close to the family. 3) Shock over a shooting rampage at&nbsp;Brown&nbsp;University&nbsp;over the weekend is giving way to frustration over the lack of video footage and suspects.&nbsp;Authorities in Providence, Rhode Island, said Monday they hadn&rsquo;t identified any new persons of interest in the shooting that killed two people and injured nine on the Ivy League campus Saturday afternoon. A person detained earlier was released late Sunday, and officials have said a lack of clear security-camera footage from inside the Barus &amp; Holley engineering building where the shooting took place has slowed the search.

US Offers Ukraine Security Guarantee; Brown University Shooter Remains at Large

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/115b21b3-5cd9-454d-b4f8-b3b500af89f0/transcript

Daybreak Holiday: Markets, Nvidia, Bitcoin

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