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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
In the US - we look ahead to inflation data and Coca-Cola earnings
In the UK - we discuss geopolitics ahead of the Munich Security Conference
In Asia - key eco data is in focus as the BOJ weighs ending its interest rate policy

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US - we look ahead to inflation data and Coca-Cola earnings</li>
<li>In the UK - we discuss geopolitics ahead of the Munich Security Conference</li>
<li>In Asia - key eco data is in focus as the BOJ weighs ending its interest rate policy</li>
</ul>

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 Weekend: Inflation Data Preview; Earnings Continue

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f3eda8c7-e244-4234-8f82-b11101557529/transcript

On today's podcast:
1) The US Justice Department released another tranche of files related to Jeffrey Epstein, including some that add fresh pressure on President Trump over his past relationship with the late, disgraced financier. The trove includes thousands of additional pages of material related to investigations of Epstein, including a 2020 email from a prosecutor that contains new detail about Trump’s trips on Epstein’s private jet in the 1990s, which the president has said never took place. There are also fresh details on Epstein’s relationships with financial firms and figures.
2) The US Supreme Court has refused to let President Trump start deploying National Guard troops in Chicago, dealing a setback to his drive to use the military in liberal cities across the country. Rejecting a Trump request in a 6-3 decision, the court on Tuesday left in force a judge’s ruling that has blocked the deployment since Oct. 9. The president wanted to use hundreds of troops to aid immigration enforcement in the third-largest US city. The court said the legal provision Trump sought to invoke probably doesn’t permit deployment of the National Guard in situations where the president wouldn’t have authority to send in active-duty military. The court said that under federal law, the president can deploy the armed forces to help execute the laws only in “exceptional” circumstances.
3) A federal judge says the Trump administration can move ahead with a $100,000 fee on new H-1B visa applications, providing a setback for US technology companies that rely on hiring skilled foreign workers. US District Judge Beryl Howell said in a ruling Tuesday that President Trump’s move to radically increase the cost of the popular visa is lawful. The decision provides a boost to the administration’s campaign to restrict immigration and push demand for US workers. The U.S. Chamber of Commerce, which sued to block the proposal, can appeal. Howell rejected the Chamber’s argument that the president doesn’t have the power to impose the fee, finding that his proclamation was issued under “an express statutory grant of authority to the President.”

On today's podcast: 1) The US Justice Department released another tranche of files related to&nbsp;Jeffrey Epstein, including some that add fresh pressure on President&nbsp;Trump&nbsp;over his past relationship with the late, disgraced financier. The&nbsp;trove&nbsp;includes thousands of additional pages of material related to investigations of Epstein, including a 2020 email from a prosecutor that contains new detail about Trump&rsquo;s trips on Epstein&rsquo;s private jet in the 1990s, which the president has said never took place. There are also fresh details on Epstein&rsquo;s relationships with financial firms and figures. 2) The US Supreme Court has refused to let President&nbsp;Trump&nbsp;start deploying National Guard troops in Chicago, dealing a setback to his drive to use the military in liberal cities across the country. Rejecting&nbsp;a Trump request in a 6-3 decision, the court on Tuesday left in force a judge&rsquo;s ruling that has blocked the deployment since Oct. 9. The president wanted to use hundreds of troops to aid immigration enforcement in the third-largest US city.&nbsp;The court said the legal provision Trump sought to invoke probably doesn&rsquo;t permit deployment of the National Guard in situations where the president wouldn&rsquo;t have authority to send in active-duty military. The court said that under federal law, the president can deploy the armed forces to help execute the laws only in &ldquo;exceptional&rdquo; circumstances. 3) A federal judge says the Trump administration can move ahead with a $100,000 fee on new H-1B visa applications, providing a setback for US&nbsp;technology&nbsp;companies that rely on hiring skilled foreign workers. US District Judge&nbsp;Beryl Howell&nbsp;said in a ruling Tuesday that President&nbsp;Trump&rsquo;s move to radically increase the cost of the popular visa is lawful. The decision provides a boost to the administration&rsquo;s campaign to&nbsp;restrict immigration&nbsp;and push demand for US workers. The U.S. Chamber of Commerce, which sued to block the proposal, can appeal. Howell rejected the Chamber&rsquo;s argument that the president doesn&rsquo;t have the power to impose the fee, finding that his proclamation was issued under &ldquo;an express statutory grant of authority to the President.&rdquo;

New Set of Epstein Files Released; Trump’s $100K H-1B Visa Application Fee Upheld by Judge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1307aaae-3f78-48da-ba48-b3bd00ab3075/transcript

On today's podcast:

1)  President Trump warned Venezuelan President Nicolas Maduro not to challenge the US, and vowed to keep oil seized from a supertanker but declined to say if he’s seeking to oust the Venezuelan leader. “He can do whatever he wants to do, whatever he wants to do, if he wants to do something, if he plays tough, it’ll be the last time he’s ever able to play tough,” Trump told reporters at a press conference at his Mar-a-Lago estate on Monday evening. Asked if he would try to push Maduro out, he responded, “That’s up to him.” Trump spoke after the US stepped up its blockade of tankers going to and from Venezuela over the weekend, boarding a non-sanctioned ship owned by a Hong Kong-based entity on Saturday and pursuing a third oil tanker off the coast of Venezuela. Another very large crude carrier, the Skipper, was intercepted on Dec. 10.

2) During Monday's press conference, Trump also said he believed “people are very angry that pictures are being released” that connect them to notorious sex offender Jeffrey Epstein, days after the Justice Department released a new tranche of files tied to the late financier. Trump said he hated to see former President Bill Clinton, who appeared frequently in the release, being tarnished by the association, describing the situation as “terrible.” The Epstein files, and the fight over their disclosure, have sparked infighting among Trump’s supporters, adding to the political headwinds that the president is facing heading into next year’s midterm elections.

3) President Trump reiterated his desire for US control over Greenland on Monday, after announcing plans to appoint Louisiana Governor Jeff Landry as a special envoy to the island. The president said Landry was “a deal-maker-type guy” who could help execute his vision for taking control of the territory. The president also said his desire was not rooted in Greenland’s energy or mineral reserves — saying the US had plenty of resources — but that he did not believe Denmark had devoted enough spending to protect the island.

On today's podcast:
1) &nbsp;President Trump warned Venezuelan President Nicolas Maduro not to challenge the US, and vowed to keep oil seized from a supertanker but declined to say if he&rsquo;s seeking to oust the Venezuelan leader. &ldquo;He can do whatever he wants to do, whatever he wants to do, if he wants to do something, if he plays tough, it&rsquo;ll be the last time he&rsquo;s ever able to play tough,&rdquo; Trump told reporters at a press conference at his Mar-a-Lago estate on Monday evening. Asked if he would try to push Maduro out, he responded, &ldquo;That&rsquo;s up to him.&rdquo; Trump spoke after the US stepped up its blockade of tankers going to and from Venezuela over the weekend, boarding a non-sanctioned ship owned by a Hong Kong-based entity on Saturday and pursuing a third oil tanker off the coast of Venezuela. Another very large crude carrier, the Skipper, was intercepted on Dec. 10.
2) During Monday's press conference, Trump also said he believed &ldquo;people are very angry that pictures are being released&rdquo; that connect them to notorious sex offender Jeffrey Epstein, days after the Justice Department released a new tranche of files tied to the late financier. Trump said he hated to see former President Bill Clinton, who appeared frequently in the release, being tarnished by the association, describing the situation as &ldquo;terrible.&rdquo; The Epstein files, and the fight over their disclosure, have sparked infighting among Trump&rsquo;s supporters, adding to the political headwinds that the president is facing heading into next year&rsquo;s midterm elections.
3) President Trump reiterated his desire for US control over Greenland on Monday, after announcing plans to appoint Louisiana Governor Jeff Landry as a special envoy to the island. The president said Landry was &ldquo;a deal-maker-type guy&rdquo; who could help execute his vision for taking control of the territory. The president also said his desire was not rooted in Greenland&rsquo;s energy or mineral reserves &mdash; saying the US had plenty of resources &mdash; but that he did not believe Denmark had devoted enough spending to protect the island.

Trump Issues Warning to Venezuela's Maduro, Renews Call for Greenland Takeover

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/77591656-a321-4831-899d-b3bc00ae8546/transcript

On today's podcast:
1) The US’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline for the country and isolate the government of President Nicolás Maduro. The US Coast Guard chased the US-sanctioned Bella 1 on Sunday as it was en route to Venezuela. It boarded Centuries, a ship owned by a Hong Kong-based entity, on Saturday — the first non-sanctioned vessel to be targeted. Another very large crude carrier, the Skipper, was intercepted on Dec. 10. The moves on three separate vessels represent the most concerted attempt to date to sever the financial links sustaining a government that Washington says is led by a drug-trafficking cartel, and one that it has also recently designated as a foreign terrorist organization. Maduro has so far withstood the onslaught, but the blockade is beginning to limit hard currency and to hurt an already battered economy.
2) Democratic lawmakers said they plan to explore “all legal options” after the Justice Department announced it will not release all documents about the disgraced financier Jeffrey Epstein by the Friday deadline, threatening to prolong a high-stakes political fight as the midterm elections come into view. The US Justice Department released thousands of pages of pictures, phone records and notes from investigations into notorious sex offender on Friday, revealing new details about the late financier’s relationships with prominent business leaders and politicians. The department said more files will be released in coming weeks because the volume of material was too much to process by the Friday deadline set by Congress, sparking rebukes from many Democrats. The tranche included heavy redactions, a step intended to comply with the provisions of the law including protections for survivors and other accommodations.
3) A Supreme Court ruling that scraps President Trump’s tariffs — and refunds the import fees collected — would create a major “administrative problem,” the president’s top economic adviser said Sunday. “We really expect the Supreme Court is going to find with us,” Kevin Hassett, director of the National Economic Council, told CBS’s Face the Nation. Even if the court didn’t find in the Trump administration’s favor, Hassett argued it would be “pretty unlikely that they’re going to call for widespread refunds because it would be an administrative problem to get those refunds out there.” The Supreme Court is weighing a legal challenge to tariffs Trump imposed on dozens of nations under the 1977 International Emergency Economic Powers Act. Administration officials have drawn up options for reimposing import taxes in case of an adverse ruling, while publicly maintaining that a court defeat is unlikely.

On today's podcast: 1) The US&rsquo;s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline for the country and isolate the government of President&nbsp;Nicol&aacute;s Maduro. The US Coast Guard&nbsp;chased&nbsp;the US-sanctioned Bella 1 on Sunday as it was en route to Venezuela. It&nbsp;boarded&nbsp;Centuries, a ship owned by a Hong Kong-based entity, on Saturday &mdash; the first non-sanctioned vessel to be targeted. Another very large crude carrier, the Skipper, was&nbsp;intercepted&nbsp;on Dec. 10. The moves on three separate vessels represent the most concerted attempt to date to sever the financial links sustaining a government that Washington says is led by a drug-trafficking cartel, and one that it has also recently designated as a foreign terrorist organization. Maduro has so far withstood the onslaught, but the blockade is beginning to limit hard currency and to hurt an already battered economy. 2) Democratic lawmakers said they plan to explore &ldquo;all legal options&rdquo; after the Justice Department announced it will not release all documents about the disgraced financier Jeffrey Epstein by the Friday deadline, threatening to prolong a high-stakes political fight as the midterm elections come into view. The US Justice Department released thousands of pages of pictures, phone records and notes from investigations into notorious sex offender&nbsp;on Friday, revealing new details about the late financier&rsquo;s relationships with prominent business leaders and politicians. The department said more files will be released in coming weeks because the volume of material was too much to process by the Friday deadline set by Congress, sparking rebukes from many Democrats. The tranche included heavy redactions, a step intended to comply with the provisions of the law including protections for survivors and other accommodations. 3) A Supreme Court ruling that scraps&nbsp;President Trump&rsquo;s tariffs &mdash; and refunds the import fees collected &mdash; would create a major &ldquo;administrative problem,&rdquo; the president&rsquo;s top economic adviser said Sunday. &ldquo;We really expect the Supreme Court is going to find with us,&rdquo; Kevin Hassett, director of the National Economic Council, told CBS&rsquo;s Face the Nation. Even if the court didn&rsquo;t find in the Trump administration&rsquo;s favor, Hassett argued it would be &ldquo;pretty unlikely that they&rsquo;re going to call for widespread refunds because it would be an administrative problem to get those refunds out there.&rdquo; The Supreme Court is weighing a legal challenge to tariffs Trump imposed on dozens of nations under the 1977 International Emergency Economic Powers Act. Administration officials have drawn up options for reimposing import taxes in case of an adverse ruling, while publicly maintaining that a court defeat is unlikely.

US Pursues Third Venezuelan Tanker; Justice Department Delays Some Epstein Files

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/052b01ef-25c7-44bd-8e06-b3bb00ad5830/transcript

Daybreak Weekend: Inflation Data Preview; Earnings Continue

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