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

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Speaker 1: Charlie Pellett. President Trump says he will sign an order

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Speaker 1: to pay TSA officers with details. Here's Bloomberg's Norara Melinda.

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Speaker 2: We really haven't seen a resolution as we think about

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Speaker 2: the back and forth between Democrats and Republicans as it

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Speaker 2: already relates to funding. So it's actually a bit unclear

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Speaker 2: as to whether or not President Donald Trump actually has

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Speaker 2: the unilateral authority to make this happen, especially because it

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Speaker 2: would be essentially bypassing or circumventing Congress. And so we'll

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Speaker 2: have to see because they typically are the ones, of course,

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Speaker 2: that weigh in on any sort of federal spending.

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Speaker 1: Bloomberg's Nora Melinda. The president's unilateral action comes amid a

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Speaker 1: week's long funding fight over the Department of Homeland Security

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Speaker 1: that has led to staffing shortages and long wait times

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Speaker 1: for air travelers. President and Trump meanwhile pushing back his

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Speaker 1: deadline for Iran to strike a deal with the United

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Speaker 1: States or face further attacks. He made the comments in

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Speaker 1: a phone interview on Fox News Channel.

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Speaker 3: I gave them a ten day period, they asked for seven.

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Speaker 3: You're gonna say Oh, Trump's a terrible negotiator. They asked

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Speaker 3: for seven, and I said, I'm going to give you ten,

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Speaker 3: because they gave me ships. We talked about the eight ships,

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Speaker 3: you know, the president that I talked about the other day.

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Speaker 3: But they asked for seven, and I gave them ten.

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Speaker 3: You got ten days and they were very thankful about that.

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Speaker 1: President Trump on Fox News. The Pentagon is looking at

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Speaker 1: sending up to ten thousand additional ground troops to the

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Speaker 1: Middle East to give President Trump more military options even

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Speaker 1: as he weighs peace talks with Tehran. Now. That's according

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Speaker 1: to The Wall Street Journal. The force, which would likely

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Speaker 1: include infantry and armored vehicles, would be added to the

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Speaker 1: roughly five thousand Marines and the thousands of paratroopers from

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Speaker 1: the eighty second Airborne Division who've already been ordered to

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Speaker 1: the region. European Central Bank President Christine Legard is warning

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Speaker 1: of complacency and assessing the fallout of the conflict in

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Speaker 1: the Middle East. Made the comment in an interview with

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Speaker 1: The Economist.

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Speaker 4: The technical experts are telling us in terms of capacity extraction,

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Speaker 4: refinery distribution, because too much has already been damaged and

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Speaker 4: there is no way that it can be restored in

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Speaker 4: a matter of months. Most people are actually talking about years.

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Speaker 1: ACB President Christine Legard, speaking with The Economist, FED Vice

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Speaker 1: chair Philip Jefferson says the effects on the economy will

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Speaker 1: greatly depend on how long energy prices remain elevated.

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Speaker 5: A short period of disruption is unlikely to have no

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Speaker 5: super effect on the economy beyond a quarter or two.

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Speaker 5: A sustained energy price shock, however, could have material implications.

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Speaker 1: FED Vice Chair Philip Jefferson speaking at the Dallas FED. Meanwhile,

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Speaker 1: FED Governor Stephen Myron says the US Central Bank can

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Speaker 1: shrink its balance sheet meaningfully from current levels, but caution

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Speaker 1: the process will take years and require several steps. Lots

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Speaker 1: of people who have gotten fed up with waiting in

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Speaker 1: or fearing TSA lines have decided to drive instead, and

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Speaker 1: that has been boosting shares of rental car companies Hurts

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Speaker 1: up by nine percent, Avis up thirteen percent. Having Moore,

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Speaker 1: Here's Bloomberg's Tom Busby.

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Speaker 6: With incredibly long lines in airport security checkpoints and airfares

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Speaker 6: on the rise because the war in Irans and oil

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Speaker 6: price is soaring higher. A lot of vacationers are changing

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Speaker 6: their getaway plans. A ton of them are avoiding airports,

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Speaker 6: renting cars to drive to vacation instead of flying. That

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Speaker 6: said chairs have hurts Global on Thursday up nine percent,

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Speaker 6: Avis Budget Chairs up thirteen percent. Now you just have

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Speaker 6: to watch out for long lines at the rental car counter.

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Speaker 6: Tom busby Bloomberg.

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Speaker 1: Radio, Pernaul Ricard and Brown Foreman, the owner of Jack

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Speaker 1: Daniels Whiskey, are discussing a merger as the alcoholic drink

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Speaker 1: companies look at ways to consolidate amid an industry downturn.

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Speaker 1: The French beverages company in Louisville, Kentucky based Foreman set

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Speaker 1: in separate but similar statements that they are in talks

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Speaker 1: to combine, confirming an earlier report by Bloomberg News. Sources

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Speaker 1: tell Bloomberg SpaceX is telling prospective IPO investors to expect

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Speaker 1: briefings in April from company executives as advisors scramble to

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Speaker 1: file for potentially the biggest listing of all time. The

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Speaker 1: sources say billionaire Elon Musk's Space and Ai company is

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Speaker 1: set to hold so called testing the waters investor meetings

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Speaker 1: in the weeks after the Easter holiday. The company is

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Speaker 1: set to file confidentially as soon as this month. For

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Speaker 1: an IPO, it could raise as much as seventy five

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Speaker 1: billion dollars. US stocks declined in the Thursday session, extending

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Speaker 1: a month of war driven swings, underscoring how geopolitical tensions

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Speaker 1: continue to buffet markets. Ray An Mittrione is founding partner

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Speaker 1: and market strategist at Callen Family Office.

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Speaker 7: Right now, I think everyone's hoping that we see some

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Speaker 7: type of resolution and oil prices start to normalize, But

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Speaker 7: if they stay elevated, I mean, we've seen a complete,

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Speaker 7: you know, inverse correlation between oil prices and equities, and

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Speaker 7: that could accelerate if we see some more escalation.

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Speaker 1: Here Ray M. Mittrion of Callan Family Office, the SMP

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Speaker 1: five hundred index fell one hundred fourteen points, down one

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Speaker 1: point seven percent, the Dow is down four hundred and

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Speaker 1: sixty nine, down one percent, Nestak down two point four percent.

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Speaker 1: And that's news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Charlie Pelatan. This is Bloomberg