WEBVTT - Trump Goes Dovish On China Tariffs, Fed Pressure, Cabinet Confirmations Push

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with two words that start with tea,

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<v Speaker 3>Trump and tariffs. President Trump says he would prefer not

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<v Speaker 3>to impose tariffs on China. It's a softening compared to

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<v Speaker 3>his pre election thread of sixty percent additional import taxes.

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<v Speaker 4>Trump spoke with Fox News Channel's Handity, we have.

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<v Speaker 5>One very big power over China, and that's tariffs, and.

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<v Speaker 6>They don't want them, and I'd rather not have to

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<v Speaker 6>use it.

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<v Speaker 3>President Trump has floated the idea of ten percent tariffs

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<v Speaker 3>on China from next month, but so far has stopped

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<v Speaker 3>short of imposing them on Beijing.

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<v Speaker 4>In his first days in office.

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<v Speaker 2>Well, Nathan, President Trump reiterated as tariffs threats in a

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<v Speaker 2>virtual speech to the World Economic Forum and Davos, and

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<v Speaker 2>he said he'll demand that Saudi Arabia and Opek and

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<v Speaker 2>bring down the cost of oil.

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<v Speaker 6>You got to bring it down, which, frankly, I'm surprised

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<v Speaker 6>they didn't do before the election. That didn't show a

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<v Speaker 6>lot of love by them not doing it. I was

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<v Speaker 6>a little surprised by that if the price came down,

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<v Speaker 6>the rush of Ukraine war would end immediately.

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<v Speaker 2>Those are marks when President Trump sent oil prices lower,

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<v Speaker 2>though it's unclear whether Opek will heed his call, and

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<v Speaker 2>the President said he would not stop there.

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<v Speaker 6>With oil prices going down, I'll demand that interest rates

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<v Speaker 6>drop immediately, and likewise they should be dropping all over

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<v Speaker 6>the world. Interest rates should follow us.

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<v Speaker 2>And in a surprise broadside, President Trumpec used a Bank

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<v Speaker 2>of America CEO Brian moynihan of limiting business with conservative clients,

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<v Speaker 2>telling him quote, I hope you start opening your bank

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<v Speaker 2>to conservatives, because what you're doing is wrong.

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<v Speaker 3>And on the topic of interest rates, Karen, President Trump

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<v Speaker 3>said he'll speak with Federal Reserve Chairman Jerome Powell about

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<v Speaker 3>lowering rates at the quote right time. The President spoke

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<v Speaker 3>to reporters while signing executive orders in the Oval Office.

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<v Speaker 5>I think I know interest rates much better than they do,

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<v Speaker 5>and I think I know it's certainly much better than

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<v Speaker 5>the one who's primarily in charge of making that decision.

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<v Speaker 5>But no, I'm guided by them very much. But if

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<v Speaker 5>I disagree, I will let it be known.

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<v Speaker 3>President Trump spoke ahead of the first rate decision of

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<v Speaker 3>twenty twenty five for J.

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<v Speaker 4>Powell and the FED that's coming up next week.

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<v Speaker 2>Well, Nathan, Senators may be working through the weekend to

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<v Speaker 2>get President Trump's cabinet appointees confirmed. Do we get that

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<v Speaker 2>story with bloomberge Dina Servetti.

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<v Speaker 7>So far, just two of Trump's picks have cleared, the

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<v Speaker 7>Senate Secretary of State Marco Rubio and CIA director John Ratcliffe.

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<v Speaker 7>But Defense nominee Pete Hegsith cleared a key procedural hurdle

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<v Speaker 7>yesterday despite opposition from two Republicans. He's set for a

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<v Speaker 7>final confirmation vote tonight. If the Senate sticks around this weekend,

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<v Speaker 7>it could vote on Scott Bessant for Treasury Secretary and

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<v Speaker 7>Christy Nome to lead Homeland Security. Other nominees, including Robert F. Kennedy,

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<v Speaker 7>Junior Tulci Gabbard, and Cash Pateel have here set for

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<v Speaker 7>next week. Gina Cervetti Bloomberg Radio.

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<v Speaker 4>Gina, thank you.

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<v Speaker 3>President Trump's pledge to keep TikTok operational in the US

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<v Speaker 3>is being handled differently by different tech giants. Bloomberg's John

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<v Speaker 3>Tucker's here with more on that story. So John sounds

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<v Speaker 3>like there's a little bit of confusion out there.

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<v Speaker 8>To say the least.

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<v Speaker 9>Nathan Apple and Google they remove the app from their

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<v Speaker 9>respective app stores to comply with the January nineteenth van,

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<v Speaker 9>and they've held off on relisting TikTok. The app's been

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<v Speaker 9>unavailable for the past five days, even after Trump's pledge

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<v Speaker 9>that the government won't enforce the law that raised potential penalties. Oracle,

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<v Speaker 9>on the other hand, they have kept TikTok operational. Oracle

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<v Speaker 9>provides cloud services for TikTok and lawmakers and other Washington insiders.

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<v Speaker 9>They have raised concerns even with a nod for Donald Trump.

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<v Speaker 9>The critics argue the company could open itself up to

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<v Speaker 9>lawsuits from current shareholders and massive fines from a future

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<v Speaker 9>administration that may want to retroactively enforce those penalties. There's

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<v Speaker 9>also the possibility that Donald Trump could change his mind

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<v Speaker 9>on enforcement. In New York, I'm John Tucker Bloomberg Radio.

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<v Speaker 2>All right, John, thank you well. President Trump is heading

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<v Speaker 2>to hurricane battered Western and North Carolina and wildfire ravaged

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<v Speaker 2>Los Angeles. Meanwhile, firefighters across southern California are making progress

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<v Speaker 2>battling new blazes that were fanned by gusty wins. The

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<v Speaker 2>new wildfires come a week's after other blazes killed twenty

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<v Speaker 2>eight people, displaced thousands, and destroyed more than sixteen thousand structures.

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<v Speaker 2>A forecast of rain this weekend is offering the potential

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<v Speaker 2>for some relief.

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<v Speaker 4>Well, Karen Let's turn to markets now.

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<v Speaker 3>Futures are modestly lowered this morning, following a record close

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<v Speaker 3>for the S and P five hundred and several key

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<v Speaker 3>stocks are on the move, watching shares of Boeing.

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<v Speaker 4>They are down nearly two percent in early trading.

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<v Speaker 3>The planemaker posted preliminary sales about a billion and a

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<v Speaker 3>half dollars below estimates. Overall, Boeing, which is hit by

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<v Speaker 3>a workers strike, loss roughly four billion dollars in the quarter.

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<v Speaker 2>Well Nathan shares of Texas Instruments are down almost five percent.

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<v Speaker 2>The chip maker gave it pointing Earning's forecast for the

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<v Speaker 2>current period. Analysts say it's a sign it's still contending

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<v Speaker 2>with still sluggish chip demand and higher cost tied to

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<v Speaker 2>a factory expansion in Europe.

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<v Speaker 3>Karen's shares of Eric Center down more than eight percent.

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<v Speaker 3>The Swedish telecom missed analysts forecasts for earnings in the

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<v Speaker 3>fourth quarter.

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<v Speaker 2>On the flip side, Nathan Shears Burbery higher by twelve

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<v Speaker 2>and a half percent to pick up a US demand,

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<v Speaker 2>boosted the Trench code makers results. Sales in the America's

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<v Speaker 2>unexpectedly climbed well, China fell less than estimated.

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<v Speaker 3>And oh, it's staying in the Asia Pacific, Karen. The

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<v Speaker 3>Bank of Japan raised its key policy rate to the

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<v Speaker 3>highest level in seventeen years and took a more bullish

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<v Speaker 3>view on the strength of inflation. Boj lifted the overnight

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<v Speaker 3>call rate by a quarter percentage point to half percent.

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<v Speaker 3>The decisions feeling expectations for more rate hikes and is

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<v Speaker 3>supporting the end checking it against the dollar right now

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<v Speaker 3>it is stronger at one fifty five point seven zero.

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<v Speaker 2>And it's time now for a look at some of

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<v Speaker 2>the their stories making news in New York and around

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<v Speaker 2>the world. And for that we're joined by Bloomberg's Michael Barr.

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<v Speaker 4>Michael, Good morning, Good morning, Karen.

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<v Speaker 8>A federal judge in Washington State has temporarily blocked President

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<v Speaker 8>Trump's executive order denying US citizenship to the children born

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<v Speaker 8>from undocumented parents living in the country. The hearing didn't

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<v Speaker 8>even take a half an hour. Judge John Kunauer said

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<v Speaker 8>in his four decades on the bench, he'd never seen

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<v Speaker 8>such a clear case. That Reagan appointee called President Trump's

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<v Speaker 8>order blatantly unconstitutional and said it boggles his mind that

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<v Speaker 8>any lawyer would unequivocally assert otherwise. President Trump pledged to

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<v Speaker 8>fight it.

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<v Speaker 6>Obviously will appeal if they put it before a certain

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<v Speaker 6>judge in Seattle.

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<v Speaker 5>I guess right, and there's no surprises with that judge.

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<v Speaker 8>Loyola Law School professor Jessica Levinson.

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<v Speaker 10>For a judge at a temporary restraining order to say

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<v Speaker 10>blatantly unconstitutional, it is where emphasizing that you don't typically

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<v Speaker 10>see that type of language at this initial stage.

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<v Speaker 8>Professor Levinson spoke to CBS. Trump's order aims to block

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<v Speaker 8>the issuance of passports and Social Security numbers to children

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<v Speaker 8>born to undocumented women or on temporary visas unless the

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<v Speaker 8>father is a US citizen or a Green card holder,

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<v Speaker 8>and ice raid conducted at a Newark, New Jersey business

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<v Speaker 8>as the city's mayor outraged, immigration officials took away three

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<v Speaker 8>workers who couldn't prove citizenship while working at the Ocean

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<v Speaker 8>Seafood Depot in Newark. The owner of that business. Luis

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<v Speaker 8>Ganoda believes this was a step too far.

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<v Speaker 2>I feel that we have to be a country law,

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<v Speaker 2>but go off.

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<v Speaker 4>To bad people, not working people. Visit people, these a

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<v Speaker 4>family people? Is it people that would show up to

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<v Speaker 4>work every day.

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<v Speaker 8>The raid yesterday was part of a nationwide enforcement following

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<v Speaker 8>President Trump's executive order. One of the people taken into

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<v Speaker 8>custody was a US veteran. In a statement, Newark Mayor

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<v Speaker 8>Baraka called it egregious and a violation of the Fourth Amendment.

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<v Speaker 8>Baraka insists the proper warrant was not presented. President Trump

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<v Speaker 8>has ordered the release of thousands of classifying the governmental

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<v Speaker 8>records related to the assassination of President John F. Kennedy.

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<v Speaker 8>The executive order Trump signed yesterday also aims to declassify

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<v Speaker 8>records relating to the assassinations of Senator Robert F. Kennedy

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<v Speaker 8>and Martin Luther King Jr. Global News twenty four hours

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<v Speaker 8>a day and whenever you want it with Bloomberg News Now.

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<v Speaker 8>Michael Barn, This is Bloomberg Karen Uncle Barr.

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<v Speaker 2>Thank you time now for the Bloomberg Scores update, brought

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<v Speaker 2>to you by try Stan Outy. Here's John Stanshauer John.

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<v Speaker 4>Good morning, Good morning, Karen Novak.

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<v Speaker 11>Djokovich is at ten for an eleventh Australian Open title,

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<v Speaker 11>a record breaking twenty fifth Grand Slam, and then suddenly

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<v Speaker 11>in Melbourney at upset Carlos Alcarez in the quarterfinals despite

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<v Speaker 11>taking an injury time out getting his left leg taped

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<v Speaker 11>up of the semis.

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<v Speaker 8>He took on alex Zavera.

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<v Speaker 11>They've played a long and tight first sets of Vera

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<v Speaker 11>won a tiebreaker and then the match was over.

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<v Speaker 8>Djokovic was struggling. He didn't know how Battley Patrick he did.

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<v Speaker 4>And the cloud is absolutely stunted.

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<v Speaker 11>Stunned.

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<v Speaker 4>Lady Shanny, his name was seconds.

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<v Speaker 3>Ago is he was very much in that tipe breaking

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<v Speaker 3>second did he missed the volley.

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<v Speaker 11>To lose the set.

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<v Speaker 4>He came forward to shake.

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<v Speaker 8>Hands and this is for disappointing the drive at twenty

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<v Speaker 8>five NS right here on ESPN.

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<v Speaker 11>Djokovic said later due to the muscle tear in the leg,

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<v Speaker 11>he would not have been able to finish even had

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<v Speaker 11>he won that first set.

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<v Speaker 8>Soaver evern the.

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<v Speaker 11>Final will take you on the winner of the match

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<v Speaker 11>going on now. Top seed Yannick Sinner just won a

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<v Speaker 11>first set tiebreaker from the Herd, serving young American Ben Shelter.

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<v Speaker 11>The Rangers on November nineteenth were twelve and four. Rest

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<v Speaker 11>of twenty twenty four they went four and fifteen, but

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<v Speaker 11>since the new year began there are eight, one and

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<v Speaker 11>three very much back in the playoff picture.

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<v Speaker 4>It was easy at the Garden.

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<v Speaker 11>Sixty one rout of Philadelphia was six different goal scorers.

0:09:54.679 --> 0:09:56.640
<v Speaker 11>The capital is a top the NHL. They won three

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<v Speaker 11>nothing at Seattle career goal number eight seventy five for

0:09:59.679 --> 0:10:03.120
<v Speaker 11>a Solovashkian. Bruins won two nothing over Ottawa Celtics in LA.

0:10:03.559 --> 0:10:06.360
<v Speaker 11>Lost to the Lakers once seventeen ninety six Spurs meet

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<v Speaker 11>the Pacers in Paris. NBA All Stars starters announced some

0:10:10.400 --> 0:10:13.200
<v Speaker 11>familiar names Lebron James, Kevin durand Steph Curry, and two

0:10:13.280 --> 0:10:16.600
<v Speaker 11>next were named Jalen Brunston and Karl Anthony Towns. Thirty

0:10:16.640 --> 0:10:18.520
<v Speaker 11>nine year old Liam Cohen is the new coach of

0:10:18.520 --> 0:10:21.959
<v Speaker 11>the Jacksonville Jaguars. He had been coaching Tampa Bay's offense.

0:10:22.000 --> 0:10:26.040
<v Speaker 11>The Cowboys said to be moving closer to promoting Brian Schottenheimer,

0:10:26.120 --> 0:10:29.440
<v Speaker 11>Dallas's current offensive Cornada. The Atlanta Braves have signed free

0:10:29.480 --> 0:10:32.480
<v Speaker 11>agent outfielder Jerkson Profar just had his best season with

0:10:32.640 --> 0:10:33.320
<v Speaker 11>San Diego.

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<v Speaker 4>John Stanshallen Bloomberg.

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<v Speaker 1>Sports Coast to Coast on Bloomberg Radio, nationwide on Sirius Exam,

0:10:41.679 --> 0:10:44.520
<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 4>Good morning. I'm Nathan Hager.

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<v Speaker 3>President Trump is calling for lower oil prices, lower interest rates,

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<v Speaker 3>and higher tariffs in a virtual address to the global

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<v Speaker 3>elites gathered at the World Economic Forum.

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<v Speaker 6>In my message to every business in the world is

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<v Speaker 6>very simple. Come make your product in America and we

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<v Speaker 6>will give you among the lowest taxes of any nation

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<v Speaker 6>on Earth.

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<v Speaker 4>We're bringing them.

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<v Speaker 6>Down very substantially, even from the original Trump tax cuts.

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<v Speaker 3>And the President reiterated that message at the Oval Office

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<v Speaker 3>and in an interview with Fox News Channel. Joining us

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<v Speaker 3>now is doctor Lindsay Newman, geopolitical risk analyst and calumnist

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<v Speaker 3>at G zero Media. Thanks for being with us this morning,

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<v Speaker 3>doctor Newman. The President is reiterating these tariff threats at

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<v Speaker 3>the same time, though saying in that Fox interview that

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<v Speaker 3>he would rather not impose tariffs on China. Where do

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<v Speaker 3>you see the message from the President when it comes

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<v Speaker 3>to the potential for trade wars with adversaries and allies

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<v Speaker 3>at this point.

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<v Speaker 12>Thanks Nathan, thank you for having me on again. It's

0:11:52.520 --> 0:11:54.959
<v Speaker 12>a great question around what is the signal and what

0:11:55.080 --> 0:11:58.200
<v Speaker 12>is the noise here. As you said, he said in

0:11:58.240 --> 0:12:01.800
<v Speaker 12>his Davos remarks yesterday that he thinks the relationship with China,

0:12:01.880 --> 0:12:04.320
<v Speaker 12>he expects it to be very good. He wants a

0:12:04.360 --> 0:12:06.720
<v Speaker 12>fair relationship, he said. He doesn't need to be phenomenal,

0:12:06.800 --> 0:12:09.640
<v Speaker 12>but he does want it to be fair. And as

0:12:09.679 --> 0:12:12.079
<v Speaker 12>you said, he said he would rather not He knows

0:12:12.160 --> 0:12:14.360
<v Speaker 12>China doesn't want those tariffs and posted and he himself

0:12:14.360 --> 0:12:18.040
<v Speaker 12>would rather not impose those tariffs. But he also went

0:12:18.040 --> 0:12:20.760
<v Speaker 12>on to then say it is a tremendous point of

0:12:20.840 --> 0:12:24.000
<v Speaker 12>power or a tremendous point of leverage. We're hearing this

0:12:24.120 --> 0:12:27.160
<v Speaker 12>number right now, around ten percent tariffs to be imposed

0:12:27.160 --> 0:12:29.640
<v Speaker 12>on China, potentially to be imposed on China on February first,

0:12:29.800 --> 0:12:32.720
<v Speaker 12>a far cry from the sixty to one hundred percent

0:12:33.240 --> 0:12:36.600
<v Speaker 12>tariffs that he talked about during the campaign trail. But

0:12:36.679 --> 0:12:38.920
<v Speaker 12>I think we need to be cautious here. And here's

0:12:39.040 --> 0:12:41.800
<v Speaker 12>my one indicator that I would suggest to watch already,

0:12:41.960 --> 0:12:44.719
<v Speaker 12>which is that in his executive order for trade, the

0:12:44.800 --> 0:12:48.599
<v Speaker 12>sweeping America First Trade Policy Executive Order, he has instructed

0:12:49.280 --> 0:12:52.360
<v Speaker 12>his team to not only investigate all and review all

0:12:52.720 --> 0:12:55.760
<v Speaker 12>potential areas where tariffs could be warranted, but he's also

0:12:55.800 --> 0:12:59.240
<v Speaker 12>setting up this external reserve services. You don't set up

0:12:59.240 --> 0:13:01.840
<v Speaker 12>an organization to collect tariffs if you're not looking to

0:13:01.880 --> 0:13:02.680
<v Speaker 12>collect tariffs.

0:13:02.960 --> 0:13:05.120
<v Speaker 3>The President also said he was going to demand that

0:13:05.120 --> 0:13:09.400
<v Speaker 3>Saudi Arabia and OPEK bring down the cost of oil,

0:13:09.960 --> 0:13:13.960
<v Speaker 3>couching it as the idea that it could help bring

0:13:14.000 --> 0:13:16.520
<v Speaker 3>the war in Ukraine to a more rapid end.

0:13:16.600 --> 0:13:18.720
<v Speaker 4>What did you make of that comment.

0:13:19.640 --> 0:13:22.359
<v Speaker 12>It was a really interesting one because most of yesterday's

0:13:22.360 --> 0:13:25.480
<v Speaker 12>address by Trump at the World Economic Forum was really

0:13:25.520 --> 0:13:28.280
<v Speaker 12>just a highlight reel of what his very young administration

0:13:28.320 --> 0:13:32.200
<v Speaker 12>has already done in this first week, including taking responsibility

0:13:32.240 --> 0:13:34.720
<v Speaker 12>for that ceasefire agreement in Israel, and then of course

0:13:34.760 --> 0:13:37.480
<v Speaker 12>all these executive orders, which he touched on everything from

0:13:38.160 --> 0:13:41.600
<v Speaker 12>inflation to deregulation efforts, immigration, etc. But then he broke

0:13:41.640 --> 0:13:44.200
<v Speaker 12>some news, as you're saying here about this energy point,

0:13:44.240 --> 0:13:46.560
<v Speaker 12>where he's saying he's going to ask the Kingdom and

0:13:46.720 --> 0:13:49.959
<v Speaker 12>Obak to bring down oil pricing. We saw since that

0:13:50.600 --> 0:13:53.760
<v Speaker 12>discussion he in fact, since this point that he raised it,

0:13:53.800 --> 0:13:56.160
<v Speaker 12>oil did come down. And as you said, he even

0:13:56.240 --> 0:13:59.800
<v Speaker 12>connected very interestingly the ongoing conflict in Russian Ukraine with

0:14:00.120 --> 0:14:01.880
<v Speaker 12>height and oil price is saying he was even a

0:14:01.880 --> 0:14:04.080
<v Speaker 12>bit if the sense was that he was a bit

0:14:04.200 --> 0:14:07.360
<v Speaker 12>miffed that the prices haven't come down, because if they would,

0:14:07.440 --> 0:14:09.720
<v Speaker 12>he thinks that the war would end immediately, and he's

0:14:09.760 --> 0:14:13.160
<v Speaker 12>been very clear about how this war needs to end immediately.

0:14:13.679 --> 0:14:15.640
<v Speaker 12>This relationship is one that we're going to have to

0:14:15.640 --> 0:14:18.440
<v Speaker 12>watch closely. We should be watching closely between the US

0:14:18.520 --> 0:14:22.640
<v Speaker 12>and Saudi Arabia, Between Donald Trump and MBS, we know,

0:14:22.720 --> 0:14:25.800
<v Speaker 12>for example, that they had that the first foreign Leader's

0:14:25.840 --> 0:14:29.400
<v Speaker 12>call was with MBS, where they talked about the kingdom's

0:14:29.640 --> 0:14:31.960
<v Speaker 12>ambitions over the next years and next four years and

0:14:32.000 --> 0:14:35.880
<v Speaker 12>how they can collaborate together. I wouldn't be surprised if,

0:14:36.440 --> 0:14:39.320
<v Speaker 12>yet again, that is Donald Trump's first foreign trip.

0:14:39.960 --> 0:14:43.840
<v Speaker 3>And how about the relationship between President Trump and global

0:14:43.880 --> 0:14:46.440
<v Speaker 3>central banks. We heard the President in the Oval Office

0:14:46.520 --> 0:14:48.920
<v Speaker 3>yesterday saying that he knows interest rates better than Jay

0:14:48.920 --> 0:14:51.880
<v Speaker 3>Powell does. That he at the Davos forum called for

0:14:52.840 --> 0:14:55.520
<v Speaker 3>central banks around the world to follow the US lead

0:14:55.560 --> 0:14:56.720
<v Speaker 3>and lowering interest rates.

0:14:56.720 --> 0:14:58.600
<v Speaker 4>Do you see a threat to FED independence?

0:15:00.000 --> 0:15:02.240
<v Speaker 12>This is classic Donald Trump. This is nothing new. We

0:15:02.240 --> 0:15:05.680
<v Speaker 12>saw it during first his first term where he also

0:15:06.280 --> 0:15:10.560
<v Speaker 12>had these barbs around interest rates. In Powell, really, I

0:15:10.600 --> 0:15:13.600
<v Speaker 12>would not expect anything sort of substantive there. We can

0:15:13.640 --> 0:15:17.000
<v Speaker 12>expect more of that same rhetoric, and it is a

0:15:17.040 --> 0:15:20.000
<v Speaker 12>point of leverage that he looks to apply to make

0:15:20.040 --> 0:15:22.720
<v Speaker 12>it clear to both the domestic and global audience that

0:15:23.120 --> 0:15:25.160
<v Speaker 12>he's going to ask for what he expects, and he's

0:15:25.200 --> 0:15:28.000
<v Speaker 12>going to make clear what he expects, and he expects

0:15:28.040 --> 0:15:30.360
<v Speaker 12>to see interest rates come down both further at home

0:15:30.440 --> 0:15:34.120
<v Speaker 12>and in the global in the global economy. But Powell

0:15:34.120 --> 0:15:37.200
<v Speaker 12>has been very clear about holding the line and domestic

0:15:37.240 --> 0:15:38.040
<v Speaker 12>FED independence.

0:15:38.400 --> 0:15:40.280
<v Speaker 3>Just thirty seconds left, He's going to ask for what

0:15:40.320 --> 0:15:42.280
<v Speaker 3>he wants. Do you expect the world to answer?

0:15:44.000 --> 0:15:44.240
<v Speaker 2>Well?

0:15:44.400 --> 0:15:47.560
<v Speaker 12>So far, we've seen a ceasefire agreement in Israel that

0:15:47.720 --> 0:15:51.560
<v Speaker 12>was at a logjam for many, many months on the

0:15:51.560 --> 0:15:55.000
<v Speaker 12>Biden administration. It's this way in which he will intend

0:15:55.000 --> 0:15:57.960
<v Speaker 12>to be quite ambitious, sort of flooding the field with

0:15:58.480 --> 0:16:02.400
<v Speaker 12>his asks using both Caroden sticks this time around in

0:16:02.440 --> 0:16:05.000
<v Speaker 12>which he will He will reshape the world. I think

0:16:05.040 --> 0:16:07.040
<v Speaker 12>so in his vision.

0:16:07.360 --> 0:16:10.800
<v Speaker 2>This is Bloomberg Daybreak, your morning podcast on the stories

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<v Speaker 4>And I'm Nathan Hager.

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<v Speaker 3>Join us again tomorrow morning for all the news you

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<v Speaker 3>need to start your day right here on Bloomberg Daybreak.