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News when you want it with Bloomberg News Now, I'm Charlie Pellett. Syria's Bashar al Assad, who's landed in Moscow after Islamists led forces entered the capital city of Damascus and ended more than half a century of his family's rule. And with more. Here's Bloomberg's Jumana Bversecchi.
The speed of the decline of the regime of the last ten days really took people by surprise.
Even people within.
Syria didn't expect it to happen this quickly. And so now the question is what happens next. And of course the rebel groups have been led by one particular group called hey At Tehesham HCS as they're known for sures, they have affiliations and their origins were with al Qaeda. There is still actually labeled a terrorist group, even though in recent years they've been trying to sort of shed that image and promotes more of a moderate image. So lots of questions about what is going to happen next.
Bloomberg's Jumana Bversecchi. At the White House, President Biden said Assad's fall represents a fundamental act of justice.
The main backers of Assad have been Iran, Hesbalah and Russia. But over the last week their support collapsed, all three of them, because all three of them are far weaker today than they were when I took office. And let's remember why. After a mass attacked Israel on October the seventh, twenty twenty three, when much of the world was fond of with horror, Iran as proxies chose to launch a multi front war against Israel. That was a historic mistake on the Rams Park.
Assad meanwhile, and his family have arrived in Moscow, where they were granted asylum by the Russian government. Now, what does Assad's fall tell us about Russia's power? Kirsten fonten Rose is with the Atlantic Council. She was interviewed on Bloomberg Television.
They have quite a bit to keep them busy in Ukraine, and frankly, any excuse to pull fighters and equipment home from Syria is probably seen as a welcome excuse. And then again, remember that they may also have decided this was not a fight worth losing those troops and that equipment over because from what we're hearing from reports on the ground, the Syrians army themselves simply abandoned their posts and took to the hills when they were challenged by HTS and its affiliates in coming. So the Russians may also have said, look, we're not going to die on this sword if they're not going to die on their own sword.
Kirsten font and Rose of the Atlantic Council. President elect Donald Trump says he will make immediate and sweeping changes after he takes office on January twentieth. That includes pardons for those convicted in the attack on the US capital on January sixth, He made the remark on NBC's Meet the Press, I want.
To look at everything.
We're going to look at into every places.
Yeah, okay, but I'm going to be acting very quickly.
Within your first one hundred days.
First day, first day, first day.
Yeah, I'm looking fish pons. These people have been there.
How long is it three or four years? President elect Donald Trump on NBC's Meet the Press and the President Alex said he has no plans to replace FED chair J. Powell. The spotlight meanwhile, shifts to inflation on this week's economic agenda, and with the look ahead, here's Bloomberg's Vinnidel Judice.
The Labor Department is set to issue the consumer price index on Wednesday Bloomberg Economics as it could be make or break for the Federal Reserve, which meets on interest rates on December seventeenth and eighteenth. Based on recent public comments, Beneficials seemed to be on the fence. The Labor Department will also issue data on producer prices and import prices this week, as well as third quarter unit labor costs. Vinitall, Judais, Bloomberg Radio.
And Wall Street is gearing up for central bank decisions in the Eurozone, Australia, Brazil and Canada, and stocks began the new trading week at a record along with a handful of corporate earnings reports this week. Kara Murphy is chief investment officer at Kestra Investment Management.
If you think, I mean ultimately over the met into long term, stocks are going to go by earnings growth. And even with this incredible performance among the mag seven, they've had really strong earnings growth that's helped underpin that rally. Everybody else in the market hasn't had really great earnings growth.
Kara Murphy of Kestra Investment Management and among the name schedule to report this coming week, Adobe, AutoZone, Broadcom, Oracle and Costco Wholesale. Superstar outfielder Juan Soto has agreed to a fifteen year, seven hundred and sixty five million dollar contract with the New York Mets. It is the largest deal in professional sports history. And that's news when you want it with Bloomberg News Now. I'm Charlie Pellatan. This is Bloomberg