Introducing: The Bloomberg Daybreak Podcast

This is Tom Keane introducing you to the Bloomberg Daybreak podcast. Every day, Nathan Hager, Karen Moscow, and Michael Barr bring you a roundup of the top stories. It's all on the Daybreak podcast feed by six am each morning, and today, for our Bloomberg Surveillance audience, we bring you a sample of the show.

Good morning, I'm Amy Morris and I'm Karen Moscow. Here are the stories we're following today.

We begin with oil rising to start the new year, Iran sending a warship to the Red Sea in an escalation of tensions in the region. The show of force comes after the US Navy destroyed three Hoothy boats which we're attempting to board a container on New Year's Day. Elizabeth Kendall is a Middle East specialist from Cambridge University and says the two are clearly interlinked.

Aaron is puppeteering Hamas, the Hoosy's and other movements like Hisbula in the Middle East, and the Housy slogan indeed includes the words death to Israel and a curss on the Jews, so it's very much aligned with Hamas's more militant and extreme war.

Win Cambridge University's Elizabeth Kendall checking oil right now. Niemex crude oil up more than two percent or a dollar forty nine, now trading at seventy three dollars and thirteen cents a barrel.

Care Well, Amy oil isn't the only thing on the move this morning. We're also seeing Bitcoin on the rise, following through on last year's massive rally, and we get more from Bloomberg Markets reporter Joe Easton.

It is up another four percent at the moment, at the highest level since April sixth, above forty five thousand dollars for the first time in two years. This is due to the expectation of the direct investment from this ETF, so that is boosting sentiment and a lot of positivity. People looking for more technical levels for that one to keep going higher.

And Bloomberg's Joe Easton says Bitcoin has risen over twenty percent since has started December, as that January tenth deadline for the Security Exchange Commission to give its blessing for a spot Bitcoin ETF draws closer. Checking bitcoin right now, it's at forty five seven hundred dollars.

Over in Europe, stocks are also hired to kick off the new trading year. Let's get the latest from Bloomberg Daybreak Europe banker Stephen Carrol.

Stephen, good morning, Amy and Karen. The tensions in the Red Sea are playing into the market narrative in Europe today. Shares and the shipping giant Maersk have risen after it stopped using that key trade route for forty eight hours following the weekend attack on one of its vessels. Higher oil prices are also helping to lift oil majors, making energy one of the best performing sectors on the Stock

Right, Stephen, thank you all. Back here in the US, Wall Street returns to a holiday shortened week to kick off the new trading year, and we get a look ahead from Bloomberg Shirley Pillett.

The S and P five hundred index sits within striking distance of its first in two two years, but a key challenge for markets is the outlook for the economy and corporate earnings. Michael Binger is the president of Gradient Investments.

The economy I think is very resilient. Jobs are driving that corporate profits are supposed to grow about ten eleven percent. And valuations, I mean they're not really cheap, but they're not super expensive either in the markets right now.

Among this week's earnings reports Constellation Brands and Walgreens Boots Alliance in New York. Charlie Pellett Bloomberg Radio.

Thank you, Charlie. In twenty twenty three, some of Wall Street's biggest names got it wrong with their predictions for how markets would perform. So will they fare better? In twenty twenty four, Bloomberg has compiled more than six hundred and fifty calls from strategists in Today's Big Take. Sam Potter is a senior Markets editor for Bloomberg.

Most strategists on Wall Street see the interest rate tykes of the past eighteen months to two years finally start to bite economies generally around the world, stock slow, and that will kind of pre a central bank pivot roundabout mik Ye.

Bloomberg Senior Markets editor Sam Potter adds that strategists see the main risks to the markets inflation and the US election.

Well In Corporate News Amy China's BYD may have just overtaken Tesla as the world leader in EV sales. It's still more than five hundred and twenty six thousand fully electric vehicles in the fourth quarter. Bloomberg's John lewis more from Beijing.

When Byda Tesla, it'll do two things. I think that's going to put this company into the consciousness of people around the world in a way that that company has not had ever before. The number two thing it does is it really underscores how dominant a position China not only as a market, but as a country with lots of companies producing electric vehicles, how dominant a position China has in that industry now.

And Bloombergs John Luisa's Tesla is estimated to have delivered over four hundred and eighty three thousand in the fourth quarter alone.

Speaking of China, resident Xi Jinping has pledged to strengthen his country's economic recovery after a tough year. Bloomberg's Jenny Marsh has more from Hong Kong.

This is Chi Jinping's new Yar's Eve speech, and he normally uses it to sort trumpet the achievements his nation's major in the year, and I think this speech really stood out for how candid he was being about these problems. It's the first time he's acknowledged that the struggles that twenty twenty three have brought. It also sort of underplayed in some ways the problems that are still lying ahead in twenty twenty four for the economy, and he didn't really have any sort of quick fixes for that.

Bloomberg Jenny Marsh says China's entering a pivotal period as policymakers try to boost growth, stabilize a crisis in the property market, and prevent deflation. Beijing is expected to target a growth goal of around five percent again in twenty twenty four.

Meanwhile, Amy the Biden administration has won another battle and its effort to try and slow Shina from building its own semiconductor industry. We get more with a Bloomberg sed.

Baxter ASML Holding is council shipments of some of its machines to China at the Biden request. This week's before the export bands on the high end chip making came into effect, the Dutch manufacturer had licenses to ship three top of the line deep ultraviolet lithography machines, but before the deadline, it decided to cancel the orders. The US and allies have been trying to block access to the technology. Ed Baxter, Bloomberg Radio, Thank.

You care in time now for a look at some of the other stories making news in New York and around the world. And for that we're joined by Bloomberg's Michael bar Good morning, Michael.

Good morning Amy. The death toll has now climbed to forty eight after a magnitude seven point six earthquakes struck Japan. The quake hit off the Noto Peninsula on Japan's northwest coast. This man at Tokyo resident and US national, was visiting to Yama when the quake hit.

First. I just started very slowly, and everybody kind of left it off, you know, they thought, ah, this is this is kind of humorous, you know, on New Year's Day. And then again it is just a violid shape.

The tremor was followed by hundreds of aftershocks. A plane is on fire right now on the runway of Tokyo's Hanada Airport. Authority say a large burst of fire erupted from the side of a japan Airlines plane as a taxied on the runway. All of the three hundred and seventy nine passengers and crew were said to be safely evacuated. Israel Supreme Court struck down a key component of Prime Minister Benjamin et Yahoo's contentious judicious overhaul before the October

I want to offer my condolences to those families, those individuals that lost their lives, and I asked the community to pay prey not only for those that have lost their lives, but also those that are injured.

Terrorism investigators are trying to determine if this was just a car accident or something far worse. New York City's effort to stop migrant buses has resulted in the buses arriving instead in neighboring New Jersey. Over the weekend, buses from Texas and Louisiana began dropping off asylum seekers at several New Jersey transit stations. From there, the asylum seekers

The solution for me, as the mayor of Edison, is not to punt it off to another mayor.

Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Michael Barr, and this is Bloomberg Jamie.

All right, Thank you, Michael, and we do bring you news throughout the day here on Bloomberg Radio. And now you can get the news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify,

Thanks Amy Kevil of terrific gains of the college football playoff Semifinals overtime at the Rose Ball after Michigan tie to Alabama the late touchdown in OT Wolverines had the ball first.

The shotgun Laul McGain. This tiny palsison, he's.

Got the first out of more cons by the five porl spix's way across.

The goal line, touch down Michigan seven.

Touchdown run ESPN the call Michigan had stop babacb Jalen Milroe on a fourth down and won twenty seven to twenty JJ McCarthy through three TD passes. And then came the Sugar Bowl, where Washington never trailed. At a thirteen point lead midway through the fourth quartern, Texas rallied had four chances to take the lead the final fifteen seconds, but ended the game with three incompletions on the Husky survive thirty seven thirty one. Their QB, Michael Pennix Junior

R J.

Barrett and Emmanuel quickly debuted for their new team. Scored nineteen and fourteen points in a Raptors win over Cleveland Outdoor Hockey in Seattle, crowd of forty seven thousand to see the Kraken shout out Vegas three nothing. John stash Away with Bloomberg.

Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on syriasxam, the Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak.

Good morning.

I'm Amy Morris, and we are entering the first week of trading for twenty twenty four. As we do, most investment outlooks from major banks and advisors are predicting the same middle of the road scenario for the coming year, an economic slowdown, a central bank pivot, and a late year rebound. We're joined by Dennis Gartman, University of Akron and Dowmic chairman and former publisher of the Gartment Letter to sort of set us straight on what we can

I have my doubts as to the latter trend will continue. I think stocks are extremely overbought. Market has risen on an anticipation of three four, five six cuts in the overnight fed funds rate by the Federal Reserve Bank. I have my doubts as to whether that will occur. I think that the Fed is done raising the overnight FED funds rate. Of that, there's no doubt. But whether they're going to cut five or six times, I think is

Now we have a Job's report coming out on Friday. What are you watching for in that and how that might impact it?

Long ago, I quit anticipating the over the employment rates because of the fact that we tend to see such huge numbers of revisions from one month to the next. But right now the market is anticipating an increase of about one hundred and seventy five to one hundred and eighty five thousand new jobs. We shall see if that if that occurs, but it's one of the most radically revised reports of the year. Every every month of the

Vanguard JP Morgan expecting a mild recession. But you know that's what everybody predicted for twenty twenty three as well. What's the difference now.

I was one of the people that expected to see a recession in twenty twenty three, and clearly we have not had that. The market is now anticipating the softest, the best of all kind of soft landings. Imaginable I have my doubts as to whether that will occur, but that's what the market anticipates, that's what the stock prices have anticipated, and that's what the world generally anticipates. Whether whether it happens or not is up for debate. I

I was about to ask you what kind of recession you were looking for. You're expecting a softish landing.

Yeah, yes, I think it'll be a very soft one, a very minor one. We've seen these types of recessions before, but I think it'll be a very a very quiet and not anything like we saw in seventy three seventy four, not anything like we saw in eighty one eighty two, not anything like we saw nine. But it'll be a recession and it'll be a quiet increase in over in the unemployment rate to probably four or five percent before it's done.

What do you see with oil and gold in this new year?

Gold is opening up very strongly right now, and I think gold wants to go from the lower left to the upper right. It's been a bull market for a while, and I think gold wants to go higher. Clearly. It's heading about twenty one thousand before the before too long. I think it goes to twenty two or twenty three

You are listening to Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond.

Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts.

You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco.

Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.

Listen coast to coast on the Bloomberg Business app, Sirius Xmiheartradio app, and on Bloomberg dot Com. I'm Amy Morris and.

I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak