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

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Speaker 1: Brian Curtis in Hong Kong. Ron DeSantis has dropped out

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Speaker 1: of the twenty twenty four US presidential race. It reduces

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Speaker 1: the Republican field now to two major candidates. The head

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Speaker 1: of the New Hampshire primary on Tuesday reaction here from

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Speaker 1: Bloomberg's Genies Aino.

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Speaker 2: He put all of his eggs in the Iowa basket

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Speaker 2: to come up as short as he did, even though

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Speaker 2: he got second place narrowly over Nicky Haley. Anybody who

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Speaker 2: has been watching up here where I am in New Hampshire,

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Speaker 2: there hasn't been a pro DESTANTUS ad on the airwaves,

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Speaker 2: if you can believe it, since before Thanksgiving he had

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Speaker 2: no shot here. He's in the single digits. And then

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Speaker 2: of course he was going to try to move maybe

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Speaker 2: to South Carolina. He spent some time there and seemed

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Speaker 2: to come up empty.

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Speaker 1: Meantime, Nicky Haley is stepping up the direct attacks on

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Speaker 1: Donald Trump. Bloomberg's head Baxter has the story.

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Speaker 3: She is really focusing on Trump's mental acuity. She says

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Speaker 3: he he's not the same man now that he was

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Speaker 3: when she served in his cabinet, So I always told.

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Speaker 2: Him what I thought was in the best interests of

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Speaker 2: the country when I was in his cabinet.

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Speaker 4: But this is different.

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Speaker 2: I mean, we're seeing he's just not at the same

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Speaker 2: level he was at twenty sixteen. I think we're seeing

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Speaker 2: some of that declined. But more than that, what I'll

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Speaker 2: say is focus on the fact that no matter what

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Speaker 2: it is, chaos follows him.

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Speaker 3: Trump has responded that he feels mentally stronger than he

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Speaker 3: did twenty five years ago, ed Baxter Blueberg Radio.

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Speaker 1: In other news, Israeli Prime Minister Benjamin Netanyah, who has

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Speaker 1: rejected a new hostage deal by Hamas. He said the

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Speaker 1: terms were unacceptable. Natannah, who said that Hamas has demanded

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Speaker 1: the end of the war and the withdrawal of all

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Speaker 1: Israeli forces from Gaza in exchange for the release of hostages.

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Speaker 1: He said only total victory will ensure the elimination of

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Speaker 1: Hamas and the return of the hostages. A landslide in

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Speaker 1: China's Unn Province has buried forty seven people and forced

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Speaker 1: the evacuation of two hundred more. The disasters struck early

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Speaker 1: Monday morning in the town of Liangshui. The County Publicity

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Speaker 1: Department said that rescue efforts were under way to try

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Speaker 1: to find victims buried in some eighteen separate houses. Fed

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Speaker 1: officials have entered a blackout period ahead of their meeting

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Speaker 1: at the end of the month. On Friday, three officials

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Speaker 1: said that data will guide them on when to cut rates.

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Speaker 1: San Francisco FED President Mary Daly said there's not yet

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Speaker 1: enough evidence that inflation will stay down.

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Speaker 5: We don't want to loosen policy too quickly only to

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Speaker 5: find that inflation gets stuck it way above target. That

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Speaker 5: would be a miss. That would be a very scarring miss.

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Speaker 5: And we don't want to try to get to two

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Speaker 5: so quickly, like overnight, just to get that squeezed out

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Speaker 5: that we end up having this big run up at

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Speaker 5: the unemployment rate.

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Speaker 1: Atlanta FED president Rafael Bostik thinks the first cut will

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Speaker 1: not be until the third quarter. Chicago president Austin Goulsby

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Speaker 1: said the FED should consider cutting rates now to avoid

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Speaker 1: keeping policy too tight. We'll get another look at US

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Speaker 1: economic growth in the week ahead, as well as plenty

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Speaker 1: of earnings. Bloomberg's Karen Moscow has.

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Speaker 4: More Thursday, we get an advanced look at fourth quarter

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Speaker 4: gross domestic product, along with the weekly report on initial

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Speaker 4: jobless claims, durable goods orders, new home sales, as well

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Speaker 4: as the fed's preferred inflation gauge, the PCEE Price Index.

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Speaker 4: Friday It's personal income and spending earnings are also a

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Speaker 4: highlight in the week ahead, with the companies including Netflix, Tesla, IBM,

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Speaker 4: and American Express all expected to report. Karen Moscow Bloomberg Radio.

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Speaker 1: Sony has officially notified Z Entertainment it plans to call

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Speaker 1: off the merger between its India unit and the media network.

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Speaker 1: This ends a two year acquisition. Saga and Macy's has

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Speaker 1: rejected a five point eight billion dollar takeover offer from

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Speaker 1: Arcouse Capital and Brigade Capital Management. The offer was set

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Speaker 1: at a nineteen percent premium to Macy's closing price on Friday.

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Speaker 1: Macy said the offer lacked compell value. In Sporting News.

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Speaker 1: In NFL playoff action, Travis Kelce caught two touchdown passes

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Speaker 1: and the Kansas City Chiefs advanced to their sixth AFC

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Speaker 1: Championship game in a row with a twenty seven to

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Speaker 1: twenty four win over the Buffalo Bills. Earlier, the Detroit

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Speaker 1: Lions beat the Tampa Bay Buccaneers thirty one to twenty three.

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Speaker 1: It puts the Lions into the NFC Championship Game for

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Speaker 1: the first time in thirty two years and just the

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Speaker 1: second time in franchise history. That's news when you want it.

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Speaker 1: With Bloomberg News Now, I'm Brian Curtis. This is Bloomberg