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Good morning.
I'm Nathan Hager and I'm Lisa Matteo. Here are the top stories we're following today.
Lisa, we begin though, with the latest on the attack on the two National Guard members in Washington, d C. One of the West Virginia Guard members who was shot near the White House has died. President Trump announced it during his Thanksgiving phone call to service members.
Sarah Beckstrom of West Virginia, one of the guards men that we're talking about, highly respected, young, magnificent person, started service in June of twenty twenty three, outstanding in every way. She's just passed away.
And President Trump says the other wounded Guard member, Air Force staff Sergeant Andrew Wolf, is still in critical condition, fighting for his life. The suspect in their shooting has been identified as twenty nine year old rock Manula Lockenwall. He's an Afgha national who had worked with US forces and the CIA before arriving in the US in twenty twenty one. West Virginia Governor Patrick Morrissey says his state has the Guards back.
This is unspeakable violence in Afghani came in and did outrageous things. We need to have a comprehensive investigation, and ultimately that investigation needs to lead to justice.
West Virginia Governor Patrick Morrissey spoke in a Thanksgiving address to his state. Attorney General Pam Body has said she would seek the death penalty if either of the victims.
Died, and now, following this shooting Nathan, President Trump is calling for reverse migration in the US as he outlined a series of potential measures to crack down on immigration. They include halting admissions from unspecified developing nations, also revoking citizenship from some naturalized migrants. In a pair of truth social posts late last night, the president said he would permanently pause migration from all third world countries and denaturalized
migrants who under domestic tranquility. He added that he would terminate millions of admissions under his predecessor, Joe Biden, and remove anyone who is not a net asset to the United States or is incapable of loving our country. President Trump also said he would end all federal benefits for non citizens.
And during that phone call with service members Lisa, President Trump said his administration may cut income taxes sharply for Americans.
Over the next couple of years, I think will substantially be cutting and maybe cutting out completely. But we'll be cutting income tax because of tariffs. And we're taken in hundreds of billions of dollars like we've never done before, and some of that's going to go back in the form of a sort of dividend to our people.
President Trump suggested revenue coming from tariffs would make up for the loss.
Well.
At least one hundred and twenty eight people are now known to have died in that devastating Hong Kong fire. It's still unclear how many residents remain unaccounted for after the blaze tour through a cluster of eight residential tasks. Although it's still too early to tell what caused the deadly fire, but there is now intense scrutiny of the Financial Center's enforcement of safety standards and use of construction materials,
after inspections had flagged risks well before the disaster. Derek Armstrong Chen, the Deputy Director of Fire Services for Operations, says his crews are now going from apartment to chart apartment checking for more bodies.
Our fire fighting operation is almost complete. Despite that, we are still carrying out firefighting operation to four individual units and dumping down to various units of the seven blocks are still in progress so that so as could prevent the debris and embers from flaring out.
Hong Kong's Deputy Director of Fire Services, Derek Armstrong chan Now police have arrested several senior figures from an engineering company on suspicion of manslaughter.
Really soa.
Russia's President Bloody Putin says he is open to talks about a peace plan with Ukraine, though he says no final version exists yet.
We can see that's American sides pleas in mind in some way our position which was discussed encourage and after Alaska, we have to sit down and discuss certain concrete issues. We have to translate it into diplomatic language.
That was Russian President Vladimir Putin speaking through an interpreter, and the Kremlin has confirmed that White House Special ENVOYE. Steve Wikoff will visit Moscow next week and meet with Putin.
Ukrainian Anti Corruption Authority search the apartment of andre Yermak, the influential top aide to President Vladimir Zelensky, as the country is reeling from a major grafh scandal and coming under pressure in the US led peace talks. The National Anti Corruption Bureau and the Specialized Anti Corruption Prosecutor's Office carried out those searches early this morning. Your mac can firm that investigators were conducting procedural actions at his home and said he was cooperating fully.
All right, let's turn back to these markets now, Lisa. Trading of futures and options on the Chicago Mercantile Exchange is halted. It is a technical issue at the CME's data centers. A spokesperson for CME groups as a cooling issue at cyrus I Data Centers caused the halt. It's affected contracts, including those for US crude oil, gasoline, and palm oil. Nicholas Leua covers oil for Bloomberg News.
It's a dark black Friday for the US, and traders who are hoping for a quiet session indeed got more than what they bargained for. It's very clear that this is an unprecedented outage.
Bloomberg's Nicholas Lewa adds a contracts for treasuries and Wall Street futures are affected as well, along with other platforms. CME says it is working to resolve the issue in the near term and will advise clients of pre open details as soon as they're available.
Well Gold is on track for a fourth monthly gained on heightened expectations for another interest rate cut in the US, Silver advanced to within a dollar off record. Gold is
up nearly five percent for the week. A series of comments by Federal Reserve officials and the release of delayed economic data have supported the case for lower barring costs, which typically benefit gold as it doesn't pay interest swap traders are pricing in a more than eighty percent chance of a quarter point cut in December.
And north of the border Lisa Canadian Prime Minister Mark Carney has unveiled a sweeping energy plan with the province of Alberta. Includes a new oil pipeline, a massive carbon capture project, and the construction of nuclear power for data centers. The plan aims to reduce Canada's economic dependence on the US and unlock Alberta's energy resources while creating new, high paying careers for Canadians.
It really sets the stage for an industrial transformation. At the core of the agreement, of course, is a priority to have a pipeline to Asia. That's going to make Canada stronger. Here for independent, more resilient, more sustainable.
Canada's Prime Minister markcarniads the country's tight interdependence with the US, which was once his strength, is now a weakness. Canada shipped more than ninety five percent of its energy exports to the US last year, but that was before President Trump began slapping tariffs on Canadian goods.
Time now for a look at some of the other stories making news in New York and around the world. For that, we're joined by Bloomberg's Michael Ballar. Good Morning, Michael, Good Morning.
Le said Black Friday and Cyber Monday sales may be more important than ever as the holiday shopping season officially kicks off. Shoppers may not spend as much.
We have to take a cut in when it comes to the luxury things, but the necessities.
Definitely come first.
Inflation, the government shut down, and questions about jobs numbers all contributing to the lowest consumer confidence numbers since April. However, in Glendale, California, Alex Cover with the Glendale Galleria says they open at nine am local time, but he expects to see people earlier.
We're going to have you know, customers who're ready to be here at eight am, nine am. The second the door is open and track is going to continue to flow, and it's all going to go great.
The recent survey found shoppers will spend about four percent less this Black Friday and Cyber Monday than last year, about six hundred and twenty two dollars. Pope Leo was encouraging Turkey to be a source of stability and dialogue in a world driven by conflict. The American Pope emphasized a message of peace as he arrived yesterday in Anchora on his first foreign trip as pontiff.
In a society like the one here in Turkey, where religion plays a visible role, it is essential to honor the dignity and freedom of all God's children, both men and women, fellow nationals and foreigners, poor and rich.
After meeting with Turkish President Race of Time at Bertawan, Leo praised Turkey's his story roll as a bridge between east and West. A powerful six point zero magnitude earthquake hits south central Alaska Thanksgiving morning. It woke people up about thirty miles from Anchorage. Shannon McCarthy of the Alaska Department of Transit says, damage assessment continues.
The highways are an area that we do need to take a look at see if we have any cracks, if we have any failures.
Shannon McCarthy of the Alaska Department of Transit says, in terms of the state's infrastructure, it's built to take a six point zero quake. So far, no known major damage or injuries. Global News twenty four hours a day and whenever you wanted with the Bloomberg News. Now, I'm Michael Barr. This is Bloomberg Lisa.
Thank you, Michael.
Time now for our Bloomberg Sports update, and for that we bring in Dan Schwartzman.
The Packers beat the Lines thirty one to twenty four in Game one of the Thanksgiving triple Header as Jordan Love threw for four touchdown passes, green Bay improving to eight three and one, well Detroit drops to seven and five. The Chiefs in danger of missing the plaff for the first time since twenty fourteen and for the first time in the Patrick Mahomes era after losing to the Cowboys in Dallas thirty one to twenty eight, default to six and six. On the season, Cowboys have now won three
in a row and improved to six' five and. One bengals dominate The ravens In baltimore thirty two to, fourteen Snapping baltimore's five game winning. Streak At Joe burrow threw two touchdowns in his first action Since week two after going out with the toe. Injury The Golden State warriors will be Without Steph curry for a round a week after AN mri confirmed a quad contusion and muscle. Strain that's Your Bloomberg sports.
Update stay with us more From Bloomberg daybreak coming up after.
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Daybreak good, Morning I'm Nathan. Hager President Donald trump is calling for a sweeping crackdown on immigration following the attack on a pair Of National guard members In, WASHINGTON dc that has now turned. Deadly for the very latest were joined by Blue Burg's WASHINGTON Dc Breaking news Editor Alexander. Pearson alex good. Morning could you update us on this? Attack what we know so far about the.
Suspect good, morning and so we know that the suspect is a twenty nine year Old afghan national who entered The United states in twenty twenty one AFTER us forces withdrew from the. Country we also know that prior to, that the suspect had been working WITH us, forces including THE. Cia now he's been living In Washington state recently and is supposed to have driven actually From Washington state To, washington D. C so across the entire country to commit
this act of violence against Two National guard. Members the other update in this incident, is unfortunately that one of Those National guard members who was shot died of a. Knight President trump announced, that and meanwhile the Other National guard member is still in a critical. Condition THE Fbi Director Cash betel says it's a a terrorism, investigation although they have not yet said what they believe the motive to have been in this.
Case, well what we do, know besides the fact that this has become a terrorism, investigation is That President trump really seems to be seizing on this to sort of further his immigration crackdown agenda even More alex absolutely.
So President trump already announced that there would be consequences For african, nationals in. Particular as a result of this yesterday and then very late last, night he then took to Truth social to publish a post in which he said he would permanently, pause as he put, it migration from third world, countries which is also the term he,
used without actually specifying which countries that. Meant alongside, that he also said he would seek the deputation of foreigners who was he said it not a net asset to The United, states cut federal benefits for n is living in THE, us and also strip permanent residency and even ACTUALLY us citizenship from naturalized citizens who deemed to not
align with the administration's. Agenda he did not really give anything more in terms of, specifics so we're still waiting for him to follow up on, that or for any Other White house official to follow up on, that but it certainly seems like a major escalation in terms of his immigration crackdown, agenda.
And in some of that escalation we're hearing as, well alex is some pretty heavy criticism of the previous administration when it comes to how it handled the evacuation of parts Of afghanistan following the takeover by The. Taliban do we know specifically whether the suspect in this case was part of that sort of chaotic withdrawal From.
Kabble we do know that he came In september twenty twenty, one so it was actually after the to the. Fall as far As i'm, aware he was not part of that particular chaotic withdrawal that we all. Remember and we do know that earlier this year he actually received. Asylum and because he actually was working with THE cia AND us forces In afghanistan prior to the fall of, couple he would have been vetted quite heavily in terms of his. Background so in this particular, case it's sort of questionable
to say he wasn't. Vetted But trump was obviously using this now to make a broader point, about you, Know afghan migration as a whole since the fall of A couple in twenty twenty.
One and of, course certainly this is coming at a time where we've seen pretty heavy enforcement of immigration with raids and major, cities many of them led By democrats as. WELL i, mean how much further could this go given what we've heard from The president just in these truth social posts in the last few.
Hours it's a very good, question because it's not entirely clear how much he could even implement a of what he's just. Announced he does have quite broad authority to regulate migration from certain, countries so the policy of just stopping migration from certain countries could probably be implemented with his. Authority The Supreme court has ruled in his favor in the past on similar kind of, policies but in terms of actually the policies it would affect foreigners and NATURALIZE
us citizens in THE. Us right, now he, doesn't you, Know It's i'm no, lawyer but it seems highly questionable that he would have that kind of authority Without congress first amending immigration and naturalization laws to allow him to do. That so it's not really clear how quickly or how far he can actually go with these latest.
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