Listen for the latest from Bloomberg News
Newho's when you wanted with Bloomberg News Now I met Kalegy. Donald Trump has tapped Cash Battel to be Director of the FBI, nominating a loyalist to lead the chief US law enforcement agency, which the President to act has long derided as corrupt. Patel rose to prominence expressing outrage over the agency's investigation into whether Trump's campaign conspired with Russia to interfere in the twenty sixteen presidential election. If confirmed, Patel is likely to rekindle efforts to avenge those probes. He's also a critic of government agencies for actions that he says unfairly targeted Republicans. In his book Government Gangsters, which Trump has called a blueprint to take back the White House, Patel endorsed calls to fire government employees who undermine the president's agenda. President elect Trump says he'll nominate Charles Kushner as US Ambassador to France, offering a prime diplomatic post to his son in law's father and a real estate developer he once pardoned. Kushner is the father of Jerry Kushner, who is married to the President Elect's daughter, Evanka, and who served in Trump's first term as a senior advisor to the president. The elder Kushner founded the real estate firm Kushner Companies. He was sentenced in twenty oh five to two years in prison after pleading guilty to assisting in the filing of false tax returns, retaliating against a witness, and making false statements to the Federal Election Commission. President elect Trump is threatening the bricks nations with one hundred percent tariffs if they move to create a new currency as an alternative to the US dollar. We get more on that from Bloomberg's Denise Pellegrini.
Trump saying in a post on his Truth social network. The idea that the bricks countries are trying to move away from the dollar while the US stands by and watches is over, and he says, quote, we require a commitment from these countries that they will neither create a new bricks currency nor back any other currency to replace the mighty US dollar, or they will face one hundred percent tariffs and should expect to say goodbye to selling into the wonderful US economy. The bricks nations, as Brazil, Russia, India, China, and South Africa are collectively known have discussed the issue of dedollarization and the backlash against dollar dominance, among them gained traction in twenty twenty two when the US led efforts to impose economic sanctions on Russia. Denise Pellgrity Bloomberg Radio.
Black Friday sales grew at a faster pace in the US this year, underscoring that shoesy consumers are still opening up their wallets when they find the right products. Retail sales excluding automotive it grew three point four percent of the day after Thanksgiving, the traditional start of the holiday shopping season. This according to Mastercard's Spending Pulse. That figure outpaced growth last year and is not adjusted for inflation. In store sales rows point seven percent lower than last year's pace. E commerce was a bright spot, with online sales growing fourteen point six percent higher than last year's. President Elect Trump's call for energy dominance in the US may run into some real world limitations. Bloomberg's Amy Marris reports from Washington.
Donald Trump is creating a National Energy Council. He says it will establish US energy dominance around the world. The Energy Council will be led by Doug Bergham, Trump's choice to head the Interior Department, and it will be key in Trump's pledge to sell more oil to allies and his intent to move away from President Biden's focus on climate change. But President Elect Trump's energy wishes may run into some real world limitations, in part because US oil production under President Biden is already at record high levels. In Washington, Amy Morris, Bloomberg Radio.
There seems to be a new trend emerging in retail this holiday season, tipping the sales staff. Bloomberg's Nancy Lyons reports it's.
A trend that started showing up after the pandemic. USA Today is reporting on a survey taken by light Speed Commerce in which sixty nine percent of shoppers said they would be willing to tip their retail workers to get better service during the holidays. That number is closer to eighty nine percent for gen zers And what's the going rate for tips for real detail workers? Most say they expect to receive between five and ten percent. I'm Nancy Lyons, Bloomberg Radio.
AI's early adopters are disproportionally men, a disconnect that could exacerbate the gender pay gap. Why are women less likely to use AI. You can read all about it in Bloomberg's weekend edition, exploring the places where finance, life and culture meets. Find it now on bloomberg dot com in the Bloomberg Business app. That's news when you want it with Bloomberg News Now. I'm made Kleggi, and this is Bloomberg