December 3, 2024: SK's Yoon Facing Impeachment, Trump SecDef. Pick, More

Published Dec 4, 2024, 4:27 AM

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News when you want it with Bloomberg News Now. I'm Charlie Pellett. South Korea's main opposition party has announced it will seek to impeach President Yun after he shocked the nation by briefly imposing martial law. The Democratic Party says it will pursue charges of treason and impeachment against Yun, as well as South Korea's Defense Minister and Safety Minister for declaring martial law illegally. Bloomberg Sue Kim is following the story from Seoul.

We'll see the Parliament will propose emotion for the impeachment of the President Yun, and that once the motion is officially proposed, the National Assembly to both after twenty four hours and within seventy two hours, and the duty of president will be suspended once two hundred members out of three hundred member parliament vote for the impeachment bill, and the National Assembly will formerly ask the Constitution of Courts hold a decision and it will take four weeks, I.

Believe Bloomberg's suey Kim. Meanwhile, President elect Donald Trump is said to be considering nominating Ron desentis the Florida governor, to run the Pentagon that According to The Wall Street Journal, Alaska Governor Mike Dunlevy says President elect Donald Trump's vision for American energy dominance promises certainty that will encourage more investments in oil and gas. Don Levy says that could entice more spending by companies on acridge in remote stretches of the state, including offshore water is now largely closed to development and part of the Arctic National Wildlife Refuge.

On War very supportively is of our gas line project that is fully permitted that we're trying to finalize. Timber industry. Timber industry disappeared in the Tongest National Forest under the Clinton administration. Hopefully that comes back. But between oil, gas, mining, timber, we have tremendous opportunity in Alaska. All we want is the opportunity to be able to develop those resources on federal land and we're very hopeful with President Trump coming back.

Don Levy was interviewed on Bloomberg's balance of power in New York West Texas Intermedia crued advanced by two point eight percent after the Bell Salesforce reported quarterly revenue the top to analyst estimates. More on that story from Bloomberg's Amy Morris.

It's boosting investor hopes that the company's much hyped strategy for artificial intelligence products will lift financial results. The San Francisco based company said sales increased eight point three percent to nine point four billion dollars in the period ending October thirty. First Analysts, on average, had estimated nine point three to five billion. That's according to data compiled by Bloomberg. Salesforce is the top seller of customer relations management software, and it pivoted its AI strategy this year to focus on tools called agents, designed to complete tasks like customer support or sales development without humans. Super Amy Moore as Bloomberg Radio.

Another day of records on Wall Street, the S and P five hundred index hit a new high for the fifty fifth time this year. Ryan Dietrich is chief market strategist at Carson Group Holdings, and he says the ball still has more room to run. Looks like a cruise ship.

Once they get moving, they keep moving.

I went back forty years.

Last five bull markets that got into a third year. Everyone made it to at least their fifth year, and actually is an average of eight years.

I'm not saying this one's gonna go eight years.

We're just saying these cycles can last a lot longer than you.

Think, Ryan Dietrich of the Carson Group, interviewed on Bloomberg Business Week. Investors meanwhile, are awaiting this week's key jobs report and J. Powell's remarks for clues on whether federal Reserve officials will cut interest rates. In December, the S and P up two, now at six forty nine, little changed, up just under one tenth of one percent. The Dow fell seventy six, down two tenths of one percent. Nevstak all sort of record up seventy seven, up by four tenths of one percent. The US Centers for Disease Control and Prevention says an E Coli outbreak that ensnared McDonald's is over. More from Bloomberg's Erica Hurskwitz.

Charlie, the CDC said fresh slivered onions at McDonald's were the likely source of the outbreak, in line with previous reports. Beef had been ruled out earlier as the potential cause. The Food and Drug Administration also says it has closed its investigation. McDonald says the announcements give certainty and validation from leading health authorities, which will be meaningful for our customers and communities. According to the CDC, a total of one hundred and four people in fourteen states reported illnesses. However, the ultimate number of sickened individuals was likely much larger because many recover without medical care and aren't tested for E.

Coli. Charlie Bloomberg's Erica Hurskowitz reporting and That's News when you want it with Bloomberg News Now. I'm Charlie palakanbis is plas