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Speaker 1: News when you won it with Bloomberg News. No, I'm

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Speaker 1: Denise Pellygreene the FAA ordering the temporary grounding and inspections

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Speaker 1: of some Boeing seven thirty seven Max nine aircraft. That's

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Speaker 1: a day after a fuselage section as we've been talking

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Speaker 1: about on a brand new Aleska Airlines jet blew out

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Speaker 1: shortly after takeoff. No one was injured, passenger Mma, who

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Speaker 1: says it was even all more frightening when she learned

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Speaker 1: exactly what happened.

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Speaker 2: When I initially had gotten off the plane, everyone was saying, oh,

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Speaker 2: window shattered, and I generally thought it was just like

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Speaker 2: a little crack like something like that. Couldn't make the

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Speaker 2: whole plane. But that makes a lital sense now that

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Speaker 2: like the whole door flew.

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Speaker 1: Off, Passenger Mfoo there a Bloomberg's Mary Schlangenstein says this

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Speaker 1: reflects a design feature and use for many years, suggesting

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Speaker 1: investigators are likely at zero and on issues in the

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Speaker 1: manufacturing process, not design.

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Speaker 3: You know, Boeing has had incidents before where they've been

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Speaker 3: cited for you know, not lining up the holes in

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Speaker 3: the aircraft that had to be you know, hooked together

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Speaker 3: or or bolted together. So they've had some incidents in

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Speaker 3: the past on those lines as well.

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Speaker 1: Bloomberg reporter Mary Schlangenstein. There all this triggering even more

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Speaker 1: flight delays on top of those already caused by the

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Speaker 1: storm moving up the East Coast. Meantime, Bloomberg meteorologist Rob

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Speaker 1: Carolyn says tough driving conditions overnight up and down the coast,

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Speaker 1: but the New York metro could escape widespread power outages.

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Speaker 1: Different picture though for some parts of Massachusetts, they're not.

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Speaker 4: Going to see as much in the way of wind.

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Speaker 2: In the Tri State area.

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Speaker 4: The storm is going to be deepening southeast of Nantucket,

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Speaker 4: so by the time the winds really start to pick up,

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Speaker 4: it's going to have moved away from the Tri State area.

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Speaker 2: So I don't think we'll see the type of power outage.

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Speaker 4: Issues in the Tri State area that we could see

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Speaker 4: in extreme southeastern New England.

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Speaker 1: Bloomberg meteorologist Rob Carolyn also says heaviest snowfall tonight and

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Speaker 1: into tomorrow morning, then things blow out by tomorrow night.

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Speaker 1: Defense Secretary Lloyd Austin apologizing and says he'll return to

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Speaker 1: the Pentagon soon. He says he's sorry about the lack

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Speaker 1: of transparency on his illness. The Pentagon suddenly said yesterday

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Speaker 1: Austin was hospitalized because of complications following a recent elective

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Speaker 1: medical procedure. Meantime, sources tolling us here at Bloomberg that

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Speaker 1: President Biden only learned of Defense Secretary of Austin's hospitalization

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Speaker 1: this week, several days after the fact, and received no

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Speaker 1: advanced notice from Pentagon officials. China's military may be dealing

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Speaker 1: with more corruption than initially thought, or at least we're

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Speaker 1: learning more about what happened with a wave of recent purges.

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Speaker 1: We get more from Bloomberg's stand Schwartzman.

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Speaker 4: More details are emerging as the reasons behind Chinese President

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Speaker 4: Xi Jimping's recent sweeping military purge. US intelligence indicates that

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Speaker 4: widespread corruption, especially in the Rocket force, has undermined She's

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Speaker 4: efforts to modernize the military and could be so excessive

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Speaker 4: that China is less likely to contemplate a major military

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Speaker 4: action in the coming years. Some examples of the corruption

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Speaker 4: were missiles filled with water instead of fuel, as well

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Speaker 4: as fields of missile silos located in the western part

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Speaker 4: of the country with lids that don't function properly to

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Speaker 4: allow missiles to launch effectively back. On December twenty ninth,

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Speaker 4: China's top legislative body removed nine defense figures, five of

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Speaker 4: them linked to the missile Force. The purge began in

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Speaker 4: October when Defense Minister Lee Shangfu was removed after just

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Speaker 4: seven months. China has been spending billions of dollars with

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Speaker 4: the goal of modernizing its military by twenty twenty seven.

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Speaker 4: Dan Schwartzman Bloomberg Radio.

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Speaker 1: Thank you, Dan. The battle lines in the twenty twenty

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Speaker 1: four presidential race are becoming clearer, sources say. Former President

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Speaker 1: Donald Trump plans to make permanent the twenty seventeen individual

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Speaker 1: tax cuts that he enacted as president if he is

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Speaker 1: re elected. He is, also, according to the sources, ie

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Speaker 1: in keeping corporate tax levels unchanged some by now pay later.

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Speaker 1: Companies are facing stepped up oversight from New York financial

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Speaker 1: regulators as part of a broader expansion of consumer protection

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Speaker 1: laws in the state. More from Bloomberg's Charlie Pellet.

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Speaker 5: Governor hokel plans to introduce legislation requiring such firms to

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Speaker 5: get a license to operate in the state and giving

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Speaker 5: New York's Department of Financial Services the authority to issue

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Speaker 5: regulations governing the industry. By Now, pay later products allow

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Speaker 5: consumers to buy goods and services in four equal installments

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Speaker 5: over six weeks without interest only. California currently requires buy now,

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Speaker 5: Pay later. Companies such as a Firm Holdings and Block

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Speaker 5: Inc Unit After Pay to have a state operating license.

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Speaker 5: Charlie Bloomberg Radio.

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Speaker 1: Thank You. Charlie. Had a lot of talk this weekend

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Speaker 1: about if college athletes should get paid. George Pine Bruin,

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Speaker 1: Capitol Founder at a former Ivy League offensive lineman himself, says,

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Speaker 1: it's only a matter of time.

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Speaker 6: Where it's headed. I think you're going to have to

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Speaker 6: pay the players. College football is the number two sport

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Speaker 6: in America in attendance, in television ratings, generates six to

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Speaker 6: eight billion dollars a year. And I think what those

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Speaker 6: players deserve to be paid. And I think you see

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Speaker 6: the courts now recognizing that that the players who can't

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Speaker 6: restrict their trade their motion, they need to be paid

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Speaker 6: and share in some of that money.

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Speaker 1: And Pine there in Bloomberg Wall Street week Daily with

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Speaker 1: Bloomberg's David Weston and Romaine Bostik, college football trails only

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Speaker 1: the NFL in US popularity. Of course, all this getting

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Speaker 1: a lot of attention because ESPN this past week announced

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Speaker 1: that eight year, nine million dollar deal extending rights for

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Speaker 1: the NCAA's top divisions. And that's news when you want

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Speaker 1: it with Bloomberg News Now, I'm Denise Pellegrini, and this

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Speaker 1: is Bloomberg