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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Chrisner. The US regulators have approved exchange traded funds

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Speaker 1: that invest directly in bitcoin. The SEC says eleven ETFs

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Speaker 1: can begin trading on Thursday, that is tomorrow in the States.

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Speaker 1: And ETF from ARC Investment was approved. Here is the

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Speaker 1: company's CEO, Kathy.

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Speaker 2: Would we think that longer term which is our focus

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Speaker 2: of course, you know, with institutions really getting the green

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Speaker 2: light now with an SEC approval, we think that even

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Speaker 2: going to zero point one or zero point five percent

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Speaker 2: of a portfolio for institutions is going to be a

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Speaker 2: price moving events.

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Speaker 1: That is Kathy Wood, the CEO of ARC Investment Management. Now,

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Speaker 1: today's decision comes one day after that fake post on

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Speaker 1: the SEC's X account it claimed the agency had approve

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Speaker 1: those ETFs. Then Chair Gary Gensler used his own account

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Speaker 1: on X to indicate the official SEC account had been compromised.

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Speaker 1: The FBI is now investigating. Just two of the candidates

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Speaker 1: vying for the Republican nomination appear tonight at the GOP

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Speaker 1: debate in Iowa. Donald Trump has opted out of each

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Speaker 1: debate so far, although he did appear tonight at a

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Speaker 1: town hall on Fox News at the same time the

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Speaker 1: debate was happening. Earlier today, former New Jersey Governor Chris

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Speaker 1: Christi announced the end of his campaign.

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Speaker 3: It's clear to me tonight that there isn't a path

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Speaker 3: for me to win the nomination, which is why I'm

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Speaker 3: suspending my campaign tonight for President of the United States. Now.

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Speaker 1: Separately, Christy was caught on a hot mic criticizing Nicki

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Speaker 1: Haley before the event.

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Speaker 3: She's going to get smoked, and you and I both

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Speaker 3: know it.

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Speaker 4: She's not up to this.

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Speaker 1: Christy went on to say Florida Governor Ron DeSantis had

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Speaker 1: called him sounding petrified shortly before the feed was cut.

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Speaker 1: Alaska Air Group is grounding all flights of its Boeing

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Speaker 1: seven thirty seven and Max nine aircraft over the next

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Speaker 1: three days. This decision means up to one hundred and

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Speaker 1: fifty fifty daily flights will be canceled. Of course, last Friday,

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Speaker 1: Alaska Air seven thirty seven Max nine lost a fuselage

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Speaker 1: panel shortly after takeoff. The move to suspend flights will

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Speaker 1: now allow safety regulators in the US time to inspect

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Speaker 1: aircraft meantime. Boeing CEO Dave Calhoun told CNBC the company

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Speaker 1: is working to prevent future accidents.

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Speaker 5: Now we're in a moment where we have nobody at risk,

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Speaker 5: and our job is to understand literally everything that has happened,

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Speaker 5: everything that surrounds that particular fuselage, plug and fix it

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Speaker 5: and make sure it can never happen again.

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Speaker 1: That is Dave Calhoun, the CEO of Boeing. The US

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Speaker 1: and its allies are weighing options for retaliation against escalating

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Speaker 1: attacks at sea by houthy militants. Here's Bloomberg's Nancy lyons

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Speaker 1: the Hoo.

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Speaker 4: They attacks have intensified this week in the Red Sea.

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Speaker 4: Retired Brigadier General Mark Kimmitt says there are several options

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Speaker 4: for dealing with the escalation.

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Speaker 3: Do we wait until a ship gets hit, the crew

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Speaker 3: possibly injured, or do we take a preemptive strike knowing

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Speaker 3: that they're going to continue to fight and tell something

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Speaker 3: drastic is done.

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Speaker 4: General Kimmitt, speaking with Bloomberg Sound on the Who. They

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Speaker 4: say the attacks are aimed at all ships bound for

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Speaker 4: Israel as a show of support for the Palestinians in Washington.

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Speaker 4: Nancy lyons Bloomberg Radio.

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Speaker 1: The Biden administration has ordered all cabinet members and secretaries

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Speaker 1: to notify the White House Chief of Staff if they

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Speaker 1: are unable to perform all of their duties. This comes

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Speaker 1: after the Pentagon waited days to inform President Biden and

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Speaker 1: top officials that US Defense Secretary Lloyd Austin was in

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Speaker 1: the hospital and had transferred power to his deputy. Here

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Speaker 1: is Bloomberg's and Marie hor Dern.

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Speaker 6: This administration came in and said, we are going to

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Speaker 6: be very transparent. We are the adults in the room,

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Speaker 6: and we're going to go back to process and procedure,

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Speaker 6: something that they said was lacking under the Trump administration

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Speaker 6: under four years. What we've seen from the fall of

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Speaker 6: cobble on was that they struggle with inter agency. They

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Speaker 6: are very insular within the White House. When you have

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Speaker 6: individuals who should be the transportation highway of information flowing

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Speaker 6: into the White House and out of the White House,

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Speaker 6: it does seem like that's where things seem to break

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Speaker 6: down with this administration.

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Speaker 1: That's Bloomberg's and Marie Hordern reporting. Austin had prostate cancer

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Speaker 1: surgery back on December twenty second and was readmitted to

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Speaker 1: the hospital on New Year's Day because of complications. President

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Speaker 1: Biden only learned on Tuesday about Austin's diagnosis. Legendary University

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Speaker 1: of Alabama football coach Nick Saban will retire after his

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Speaker 1: seventeenth season with the program. Saban is credited with restoring

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Speaker 1: the Crimson Tide football back to national prominence. The seventy

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Speaker 1: two year old Saban has won seven national titles, six

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Speaker 1: during his time at Alabama, in addition to one at LSU.

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Speaker 1: Teams led by Saban spurred a whopping forty nine first

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Speaker 1: round NFL draft picks. That's news when you want it

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Speaker 1: with Bloomberg News. Now, I'm Doug Prisner. This is Bloomberg