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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. Many are hoping the latest

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Speaker 1: extension of a pause in the fighting between Israel and

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Speaker 1: Hamas will lead to even more extensions. We get more

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Speaker 1: from Bloomberg's Nancy Lyons.

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Speaker 2: Officials say the exchanges will only continue if Hamas is

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Speaker 2: willing to keep releasing hostages. Doctor Ariel Cohen, a senior

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Speaker 2: fellow at the Atlantic Council's Eurasia Center, tells Bloomberg BusinessWeek,

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Speaker 2: one problem is that Hamas is not the only one

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Speaker 2: holding hostages in Gaza.

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Speaker 3: The hostages as a commodity. They buy them and sell

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Speaker 3: them their criminal gangs and plans that take this hostages

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Speaker 3: and resell them.

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Speaker 2: While Cohen agrees the pause is needed, he says Israel

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Speaker 2: must still be given an opportunity to eradicate Hamas. In Washington,

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Speaker 2: Nancy Lyons Bloomberg Radio.

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Speaker 1: President Biden is cautioning corporations against taking advantage of inflation relief.

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Speaker 1: Bloomberg zed Baxter has the story.

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Speaker 4: And has taken credit for easing supply chain pressures and

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Speaker 4: lowering inflation, but says more needs to be done.

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Speaker 5: Let me be clear to any corporation has not brought

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Speaker 5: their prices back down even as inflations come down, even

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Speaker 5: if supply chains have been rebuilt, it's time to stop

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Speaker 5: the price gouging. Given the American consumer a break.

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Speaker 4: Biden also says he set up a council review supply

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Speaker 4: chain actions, calling it an early warning system. Head Baxter

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Speaker 4: Bloomberg Radio.

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Speaker 1: The US Federal Trade Commission can move forward with revisions

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Speaker 1: to Meta Platforms twenty twenty privacy settlement. That's after a

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Speaker 1: judge denied the social network's bid to force the agency

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Speaker 1: into court. The story from Bloomberg's Charlie Pillett.

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Speaker 6: US District Judge Timothy Kelly ruled that the federal court

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Speaker 6: did not have jurisdiction over the FDC settlement with the

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Speaker 6: parent company of Facebook and Instagram. Meta says it is

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Speaker 6: considering legal options and opposes the FDC's efforts to amend

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Speaker 6: the deal. Under that twenty twenty deal, Meta agreed to

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Speaker 6: pay a five billion dollar fine, the largest ever imposed

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Speaker 6: for a privacy violation, and make changes to its internal

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Speaker 6: privacy checks. In New York, Charlie Pellett's Bloomberg Radio.

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Speaker 1: Saudi Arabia is asking OPEK plus members to reduce their

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Speaker 1: oil production quotas Bloomberg's and Kate's reports.

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Speaker 7: Saudi Arabia has been making a largely unilateral supply cut

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Speaker 7: back of one million barrels a day since July and

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Speaker 7: is now seeking further support from other OPEC plus members,

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Speaker 7: but some countries are resisting. The twenty three nation Alliance

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Speaker 7: faces pressure to intervene in crude markets following a seventeen

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Speaker 7: percent drop in prices over the past two months. Amid

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Speaker 7: plentiful stockpiles and a darkening economic backdrop. The oil market

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Speaker 7: could weaken even more in twenty twenty four, with forecasts

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Speaker 7: of a new supply surplus in Washington and Kates Bloomberg.

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Speaker 1: Radio online shopper is at clicking their way to big

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Speaker 1: savings on Cyber Monday, and it comes as buy now,

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Speaker 1: pay later features abound. Bloomberg Spenser Soaper says expectations are high.

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Speaker 8: Earlier they were predicting about twelve billion in sales, and

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Speaker 8: that's from Adobe, which monitors insights from like hundreds of

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Speaker 8: millions of transactions. Nave up that to twelve point four

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Speaker 8: billion now based on the strength of the consumer on

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Speaker 8: Black Brida into the weekend. They're seeing the consumer being

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Speaker 8: more resilient.

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Speaker 1: Adobe said US consumers spent eight point three billion on

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Speaker 1: Cyber Monday through six pm. Wall Street Time. Black Friday

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Speaker 1: sales were nine point eight billion dollars. That was up

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Speaker 1: seven point five percent from a year earlier. China Central

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Speaker 1: Bank says it will press the country's banks to lower

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Speaker 1: real lending rates. Bloomberg yvon Man has the story from

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Speaker 1: Hong Kong.

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Speaker 9: The Central Bank's position is clear. Deflation has effectively pushed

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Speaker 9: up borrowing costs in price adjusted terms, and that has

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Speaker 9: stow concerns that real debt burdens will rise, undermining growth.

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Speaker 9: As a result, it wants banks to do more to

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Speaker 9: smooth out volatility in their lending activity. That's said in

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Speaker 9: its third quarter Monetary policy report. The PBOC played down

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Speaker 9: concerns about deflation. It said don't read too much into

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Speaker 9: single month credit data. A recent Bloomberg survey showed economists

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Speaker 9: expect China to wait until early next year to lower

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Speaker 9: policy rates after two cuts this year in Hong Kong.

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Speaker 9: I'm von Mann, Bloomberg Radio.

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Speaker 1: KPMG and Deloitte have reportedly asked some executives from the

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Speaker 1: US to use burner phones when they traveled to Hong Kong.

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Speaker 1: The ft says a number of McKinsey consultants have also

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Speaker 1: used separate phones. The paper says the move comes as

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Speaker 1: China increases its control.

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Speaker 7: Over Hong Kong.

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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 Brian Curtis. This is Bloomberg