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Your morning briefing. The news you need in just 15 minutes. 
On today's podcast:

1) PGA Tour Bows to Saudi Rival in Deal With LIV Golf

2) Citi’s Fraser Visits China

3) Sunak Makes First White House Trip  

Your morning briefing. The news you need in just 15 minutes. On today's podcast:
1) PGA Tour Bows to Saudi Rival in Deal With LIV Golf
2) Citi’s Fraser Visits China
3) Sunak Makes First White House Trip

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

PGA and LIV Tie-up Controversy; Another U.S. CEO Visits China

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c6da90f4-fff0-4818-8abe-b01a009aa569/transcript

On today's podcast:
1) Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution. In a forceful written and video statement released Sunday evening, Powell said the action was related to his June congressional testimony on ongoing renovations of the Fed’s headquarters. But he said the move “should be seen in the broader context of the administration’s threats and ongoing pressure.” In an interview with NBC News on Sunday, President Trump denied having any knowledge of the DOJ’s investigation into the central bank.
2) Top diplomats from Denmark and Greenland will meet US Secretary of State Marco Rubio in Washington DC on Wednesday, TV2 reports. Denmark’s Foreign Minister Lars Lokke Rasmussen and his Greenlandic counterpart Vivian Motzfeldt are set to attend the meeting, the Danish broadcaster says, citing a calendar from the US Department of State, which also notes that changes to the schedule may occur. Denmark is banking on the meeting in Washington to defuse President Trump’s renewed push on Greenland and to help reset strained ties with the US over the strategic island.
3) Iran’s Foreign Minister said security forces have “full control” of the country after two weeks of ongoing upheaval, accusing Israel and the US of fomenting the nationwide protests in which hundreds of people have been killed. Abbas Araghchi repeated claims by the Iranian government that “rioters and terrorists” had killed police and civilians and destroyed public property using “daesh-style violence,” referring to the Arabic acronym for Islamic State. Protests in Iran erupted on December 28th after a sudden collapse in the value of the currency. More than 540 have been killed in the protests and over 10,000 arrested, according to the Human Rights Activist News Agency, which is tracking demonstrations in 186 cities across Iran’s 31 provinces.

On today's podcast: 1) Federal Reserve&nbsp;Chair&nbsp;Jerome&nbsp;Powell&nbsp;said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration&rsquo;s attacks on the institution. In a forceful written and video&nbsp;statement&nbsp;released Sunday evening,&nbsp;Powell&nbsp;said the action was related to his June congressional testimony on ongoing renovations of the Fed&rsquo;s headquarters. But he said the move &ldquo;should be seen in the broader context of the administration&rsquo;s threats and ongoing pressure.&rdquo; In an interview with NBC News on Sunday, President&nbsp;Trump&nbsp;denied having any knowledge of the DOJ&rsquo;s investigation into the central bank. 2) Top diplomats from Denmark and Greenland will meet US Secretary of State&nbsp;Marco Rubio&nbsp;in Washington DC on Wednesday, TV2&nbsp;reports. Denmark&rsquo;s Foreign Minister&nbsp;Lars Lokke Rasmussen&nbsp;and his Greenlandic counterpart Vivian Motzfeldt are set to attend the meeting, the Danish broadcaster says, citing a calendar from the US Department of State, which also notes that changes to the schedule may occur. Denmark is banking on the meeting in Washington to defuse President&nbsp;Trump&rsquo;s renewed push on Greenland and to help reset strained ties with the US over the strategic island. 3) Iran&rsquo;s Foreign Minister said security forces have &ldquo;full control&rdquo; of the country after two weeks of ongoing upheaval, accusing Israel and the US of fomenting the nationwide protests in which hundreds of people have been killed.&nbsp;Abbas Araghchi repeated claims by the Iranian government that &ldquo;rioters and terrorists&rdquo; had killed police and civilians and destroyed public property using &ldquo;daesh-style violence,&rdquo; referring to the Arabic acronym for Islamic State. Protests in Iran erupted on December 28th after a sudden collapse in the value of the currency. More than 540 have been killed in the protests and over 10,000 arrested, according to the Human Rights Activist News Agency, which is tracking demonstrations in 186 cities across Iran&rsquo;s 31 provinces.

Fed Served With DOJ Subpoenas; Iran Says Protests Quelled After Hundreds Reported Killed

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/41bc2a81-d0e6-4b98-9edb-b3d000b14427/transcript

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S CPI data and bank earnings.
In the UK – a look at what to expect from the UK’s property market moving forward.
In Asia – a look ahead to China trade figures.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US &ndash; a look ahead to U.S CPI data and bank earnings.</li>
<li>In the UK &ndash; a look at what to expect from the UK&rsquo;s property market moving forward.</li>
<li>In Asia &ndash; a look ahead to China trade figures.</li>
</ul>

Daybreak Weekend: Bank Earnings, UK Property Market, China Trade 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/946f1a27-d186-4e69-b560-b3cd014866c9/transcript

On today's podcast:
1) The investigation into the killing of a US citizen by an ICE agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taking control over the objections of Governor Tim Walz. State authorities questioned whether a federal probe could be trusted, especially given comments by Trump administration officials that seemed to exonerate the officer. The Minnesota Bureau of Criminal Apprehension said that after it was invited to participate in the probe of Wednesday’s shooting, federal officials later decided the state wouldn’t get access to evidence or interviews. As tense protests continued for a second day, Walz said he ordered the state National Guard to be “staged and ready” to assist with protecting infrastructure and aiding local law enforcement if needed. 
2) The fate of the majority of President Trump’s tariffs is in the hands of the US Supreme Court, which could rule as soon as today on the legality of the sweeping levies. Lower courts ruled in 2025 that the tariffs were issued illegally, but the import taxes remained in place to allow the Trump administration to make its case before the Supreme Court. At a hearing on November 5th, the justices appeared skeptical that Trump had the authority to unilaterally impose tariffs under a 1977 law that gives the president special powers during emergency situations. The tariffs in question include levies of between 10% and 50% on most imports, imposed by Trump using the International Emergency Economic Powers Act.
3) A band of House Republicans bucked party leaders to join Democrats in passing a measure to restore expired Obamacare subsidies through the end of President Trump’s term, as rising health care costs drive midterm election anxieties. The House voted 230-196 Thursday to send a three-year extension of the expired tax credits to the Senate. Seventeen Republicans supported the measure. The measure is unlikely to overcome Republican opposition in the Senate, but several of the Republican defectors said they hoped a strong showing in the House would increase pressure on the Senate to reach a bipartisan compromise.

On today's podcast: 1) The investigation into the killing of a US citizen by an&nbsp;ICE&nbsp;agent in Minneapolis this week is being complicated by clashes between federal and local officials, with the FBI taking control over the objections of Governor&nbsp;Tim Walz. State authorities questioned whether a federal probe could be trusted, especially given comments by Trump administration officials that seemed to exonerate the officer. The Minnesota Bureau of Criminal Apprehension&nbsp;said&nbsp;that after it was invited to participate in the probe of Wednesday&rsquo;s shooting, federal officials later decided the state wouldn&rsquo;t get access to evidence or interviews.&nbsp;As tense protests continued for a second day, Walz&nbsp;said&nbsp;he ordered the state National Guard to be &ldquo;staged and ready&rdquo; to assist with protecting infrastructure and aiding local law enforcement if needed.&nbsp; 2) The fate of the majority of President&nbsp;Trump&rsquo;s tariffs is in the hands of the&nbsp;US Supreme Court, which could rule as soon as today on the legality of the sweeping levies. Lower courts&nbsp;ruled&nbsp;in 2025 that the tariffs were issued illegally, but the import taxes remained in place to allow the Trump administration to make its case before the Supreme Court. At a hearing on November 5th, the justices&nbsp;appeared skeptical&nbsp;that Trump had the authority to unilaterally impose tariffs under a 1977 law that gives the president special powers during emergency situations. The tariffs in question include levies of between 10% and 50% on most imports, imposed by Trump using the International Emergency Economic Powers Act. 3) A band of House Republicans bucked party leaders to join Democrats in passing a measure to restore expired Obamacare subsidies through the end of President&nbsp;Trump&rsquo;s term, as rising health care costs drive midterm election anxieties. The House voted 230-196 Thursday to send a three-year extension of the expired tax credits to the Senate. Seventeen Republicans supported the measure.&nbsp;The measure is unlikely to overcome Republican opposition in the Senate, but several of the Republican defectors said they hoped a strong showing in the House would increase pressure on the Senate to reach a bipartisan compromise.

Walz Clashes With Noem Over ICE Shooting Probe; Trump’s Tariffs Face Supreme Court Test

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ca4edc76-f0f4-44f3-9627-b3cd00b461a3/transcript

PGA and LIV Tie-up Controversy; Another U.S. CEO Visits China

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