1
00:00:01,560 --> 00:00:04,320
Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner.

2
00:00:04,600 --> 00:00:09,000
Speaker 1: Several previously confidential documents related to Jeffrey Epstein were made

3
00:00:09,080 --> 00:00:12,160
Speaker 1: public in federal court this evening in the US. They

4
00:00:12,200 --> 00:00:14,880
Speaker 1: were filed in redacted form as part of a twenty

5
00:00:14,920 --> 00:00:18,680
Speaker 1: eight to fifteen lawsuit against Gislayne Maxwell. She was convicted

6
00:00:18,680 --> 00:00:22,400
Speaker 1: in twenty twenty one of participating in Epstein's sex crimes.

7
00:00:22,760 --> 00:00:24,320
Speaker 1: Here is Bloomberg's Towny Errands.

8
00:00:24,720 --> 00:00:27,080
Speaker 2: A lot of people had thought there'd be some massive

9
00:00:27,160 --> 00:00:31,639
Speaker 2: client list or a nice list of names that would

10
00:00:32,080 --> 00:00:34,200
Speaker 2: be easy for of them to follow. It wasn't anything

11
00:00:34,320 --> 00:00:37,600
Speaker 2: like that. We've been getting about so far, about forty

12
00:00:37,640 --> 00:00:40,640
Speaker 2: of what's probably going to be hundreds of documents, and

13
00:00:40,880 --> 00:00:45,080
Speaker 2: in those we've seen names like goll Clinton, Prince Andrew Brittain,

14
00:00:45,960 --> 00:00:48,159
Speaker 2: and a few others that are all very very familiar.

15
00:00:48,200 --> 00:00:51,400
Speaker 1: That is Bloomberg's Tony Errands. The US said it had

16
00:00:51,440 --> 00:00:54,640
Speaker 1: nothing to do with the attacks inside Iran. Bloomberg's ed

17
00:00:54,640 --> 00:00:56,080
Speaker 1: Baxter has more, and.

18
00:00:55,960 --> 00:00:59,040
Speaker 3: It says neither did Israel. Iran is characterizing them as

19
00:00:59,120 --> 00:01:03,120
Speaker 3: terror attacks. More than one hundred people killed the Blastnaar

20
00:01:03,200 --> 00:01:06,880
Speaker 3: the grave of Irani and Commander Selemene. US State Department

21
00:01:06,959 --> 00:01:09,480
Speaker 3: quick to respond, spokesman Matthew Miller.

22
00:01:09,200 --> 00:01:11,800
Speaker 4: I do want to address some of the irresponsible claims

23
00:01:11,800 --> 00:01:14,640
Speaker 4: that I have seen circulate and say that number one,

24
00:01:14,840 --> 00:01:18,040
Speaker 4: the United States was not involved in any way, and

25
00:01:18,160 --> 00:01:22,240
Speaker 4: any suggestion to the contrary is ridiculous. And number two,

26
00:01:22,319 --> 00:01:24,959
Speaker 4: we have no reason to believe that Israel was involved.

27
00:01:25,040 --> 00:01:27,319
Speaker 3: Miller says. It's in no one's interest to see the

28
00:01:27,319 --> 00:01:30,240
Speaker 3: conflict escalate, and note it comes a day after an

29
00:01:30,280 --> 00:01:33,280
Speaker 3: attack in Beyrout that killed in Iran backed Hamas militant

30
00:01:33,319 --> 00:01:35,559
Speaker 3: leader Ad Baxter. Bloomberg Radio.

31
00:01:35,600 --> 00:01:38,399
Speaker 1: Donald Trump is asking the US Supreme Court to overturn

32
00:01:38,440 --> 00:01:41,360
Speaker 1: a ruling that would bar him from the presidential ballot

33
00:01:41,400 --> 00:01:43,920
Speaker 1: in Colorado. Here is Bloomberg Seric Larson.

34
00:01:44,120 --> 00:01:46,880
Speaker 5: The court could rule, for example, that the Colorado Supreme

35
00:01:46,959 --> 00:01:51,400
Speaker 5: Court didn't give Trump to process that he deserved under

36
00:01:51,440 --> 00:01:54,160
Speaker 5: this case that happened in Colorado. That's another argument that

37
00:01:54,160 --> 00:01:57,440
Speaker 5: Trump is making. He's also arguing that the Fourteenth Amendment,

38
00:01:57,520 --> 00:01:59,240
Speaker 5: the Section three of the Fourteenth and mend that would

39
00:01:59,280 --> 00:02:03,320
Speaker 5: be borrowed into erectionists from holding office federal office, doesn't

40
00:02:03,320 --> 00:02:05,880
Speaker 5: apply to the office of the presidency only to other

41
00:02:05,920 --> 00:02:08,959
Speaker 5: types of federal officers, and the Supreme Court could overturn

42
00:02:09,000 --> 00:02:12,120
Speaker 5: that call rather decision based only on those findings that

43
00:02:12,160 --> 00:02:16,239
Speaker 5: they wished, without specifically weighing in on whether Trump was

44
00:02:16,280 --> 00:02:19,320
Speaker 5: an insurrectionist. But of course that is another option for

45
00:02:19,400 --> 00:02:19,720
Speaker 5: the court.

46
00:02:19,800 --> 00:02:22,880
Speaker 1: That is Bloomberg's Eric Larson. Minutes from the last FED

47
00:02:22,919 --> 00:02:26,120
Speaker 1: meeting show officials agreed it was appropriate to maintain a

48
00:02:26,160 --> 00:02:30,359
Speaker 1: restrictive stance on monetary policy for some time last month.

49
00:02:30,360 --> 00:02:33,520
Speaker 1: I had also viewed the policy rate at either being

50
00:02:33,639 --> 00:02:36,280
Speaker 1: at or near its peak for this tightening cycle, and

51
00:02:36,360 --> 00:02:39,440
Speaker 1: officials were optimistic about the path of inflation, noting that

52
00:02:39,440 --> 00:02:43,000
Speaker 1: there had been clear progress made. We got reaction earlier

53
00:02:43,040 --> 00:02:45,600
Speaker 1: from ed Yard Denny, president of Yar Denny Research.

54
00:02:46,200 --> 00:02:48,280
Speaker 6: I think they're going to be very data dependent, as

55
00:02:48,280 --> 00:02:52,040
Speaker 6: they always are, and if the economy continues to do well,

56
00:02:52,160 --> 00:02:55,440
Speaker 6: especially with the drop in long term rates, mortgage rates

57
00:02:55,440 --> 00:02:57,679
Speaker 6: have come down, that should give us some boost to

58
00:02:57,760 --> 00:03:01,520
Speaker 6: housing activity and housing related retail sales. So it looks

59
00:03:01,560 --> 00:03:04,280
Speaker 6: to me as though there's no recession in sight. The

60
00:03:04,320 --> 00:03:07,600
Speaker 6: economy is doing fine, inflation's coming down. What's the rush

61
00:03:07,639 --> 00:03:10,080
Speaker 6: to lower interest rates? If the economy is demonstrating it

62
00:03:10,080 --> 00:03:11,400
Speaker 6: can live with these kind of levels.

63
00:03:11,440 --> 00:03:13,919
Speaker 1: That is ed Yard Denny. Now, the minutes also gave

64
00:03:14,000 --> 00:03:16,880
Speaker 1: no indication that the FED could ease rates as soon

65
00:03:16,919 --> 00:03:19,760
Speaker 1: as March, something that the market has been betting on.

66
00:03:20,280 --> 00:03:22,560
Speaker 1: We are hearing TikTok is looking to grow the size

67
00:03:22,560 --> 00:03:26,040
Speaker 1: of its US e commerce business tenfold. We are hearing

68
00:03:26,240 --> 00:03:29,160
Speaker 1: that the value of merchandise sales could be as much

69
00:03:29,200 --> 00:03:32,280
Speaker 1: as seventeen and a half billion dollars this year. That's

70
00:03:32,320 --> 00:03:35,040
Speaker 1: an ambitious target and it may pose a big threat

71
00:03:35,080 --> 00:03:37,520
Speaker 1: to Amazon. Here's Bloomberg's Alex Barinka.

72
00:03:38,040 --> 00:03:41,360
Speaker 7: Certainly on the whole, Amazon is still basically beating them.

73
00:03:41,480 --> 00:03:44,480
Speaker 7: Where TikTok is winning is on the fees they're imposing

74
00:03:44,520 --> 00:03:48,480
Speaker 7: on merchants. During the holiday season, they charged next to

75
00:03:48,520 --> 00:03:50,800
Speaker 7: nothing for merchants to sell on the app. They will

76
00:03:50,800 --> 00:03:54,040
Speaker 7: be raising those fees they announce today on merchants to

77
00:03:54,280 --> 00:03:56,640
Speaker 7: six percent in April, eight percent in July. That's how

78
00:03:56,720 --> 00:03:59,160
Speaker 7: much money TikTok will take on each purchase. But those

79
00:03:59,160 --> 00:04:02,440
Speaker 7: fees are still low than Amazon seller fees, which are

80
00:04:02,560 --> 00:04:04,080
Speaker 7: typically around fifteen percent.

81
00:04:04,240 --> 00:04:07,240
Speaker 1: And that is Bloomberg's Alex Barenka, and that is news

82
00:04:07,240 --> 00:04:09,600
Speaker 1: when you want it with Bloomberg News. Now, I'm Doug

83
00:04:09,640 --> 00:04:11,600
Speaker 1: prisoner in New York. This is Bloomberg