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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Krisner.

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Speaker 1: Talks between Russian President of Vladimir Putin and US Envoy

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Speaker 1: Steve Witkoff, along with Jared Kushner, have concluded that the

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Speaker 1: Kremlin following nearly five hours now, these discussions were focused

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Speaker 1: on a draft peace plan to end the war in Ukraine.

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Speaker 1: The Kremlin called the talks productive, but no details have

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Speaker 1: emerged so far. Here is Bloomberg's Eric Martin.

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Speaker 2: Of course, these have been fraud negotiations because as the

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Speaker 2: pendulum swings to one side, as it swings more towards

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Speaker 2: the priorities of Ukraine, it swings away from those of Russia.

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Speaker 2: And we need to see some kind of a balance

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Speaker 2: struck in the middle in order for this to move

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Speaker 2: forward and for us to get a ceasefire, let alone

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Speaker 2: the more comprehensive peace agreement, that.

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Speaker 1: Is Bloomberg's Eric Martin. Now from the Ukrainian side, President

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Speaker 1: Zelenski said he is waiting for the results of this meeting.

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Speaker 1: The White House continues to defend the legality of its

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Speaker 1: strikes on suspected drug boats in the Caribbean Sea. However,

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Speaker 1: unease is spreading through Congress over allegations the military may

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Speaker 1: have committed a war crime in a second strike, reportedly

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Speaker 1: to kill survivors seen clinging to the wreckage of their boat. Today,

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Speaker 1: Defense Secretary Pete Hegseth said the Trump administration remains firm

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Speaker 1: on the strike call.

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Speaker 2: I did not personally see survivors, but I stand because

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Speaker 2: the thing was on fire.

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Speaker 3: I've exploded in fire or smoke.

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Speaker 4: You can't see any you got digital. This is called

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Speaker 4: the fog of war.

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Speaker 1: Defense Secretary Pete heg Seth. Meantime, President Trump suggested the

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Speaker 1: Pentagon we'll soon start targeting drug cartels with strikes on

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Speaker 1: land in Venezuela and beyond.

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Speaker 5: You know, the land is much easier, it's much easier,

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Speaker 5: and we know the routes they take. We know everything

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Speaker 5: about them. We know where they live, we know where

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Speaker 5: the bad ones live. And we're going to start that

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Speaker 5: very soon.

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Speaker 1: To President Trump speaking there, there is a winner in

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Speaker 1: the special election for Tennessee seventh Congressional District. Republican Matt

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Speaker 1: Van Epps has defeated Democrat Afton Baine. Here is Van

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Speaker 1: Epps speaking earlier to supporters.

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Speaker 4: The President book the largest most diverse coalition to ever

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Speaker 4: elect a Republican, and we leaned it on that President

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Speaker 4: Trump was all in with us, and it made the

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Speaker 4: difference in Congress. I'll be all in with him.

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Speaker 1: That is Republican Matt Van Epps, the winner of the

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Speaker 1: special election for Tennessee's seventh congressional district. Now, the margin

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Speaker 1: of victory was narrower than expected, and that in and

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Speaker 1: of itself is a potential warning sign for Republicans before

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Speaker 1: the twenty twenty six mid term elections. The founder of

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Speaker 1: Dell Technologies, Michael Dell, and his wife Susan, are giving

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Speaker 1: twenty five million American children two hundred and fifty dollars

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Speaker 1: each to jumpstart investment accounts for their futures. Dell's pledge

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Speaker 1: is worth six and a quarter billion dollars, and it's

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Speaker 1: part of the Invest America initiative, better known as Trump Accounts,

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Speaker 1: created earlier this year as part of the Big Beautiful Bill. Now,

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Speaker 1: the government will deposit one thousand dollars into investment accounts

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Speaker 1: for all children born between twenty twenty five and twenty

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Speaker 1: twenty eight. Here is Michael Dell speaking earlier to Bloomberg.

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Speaker 6: We hope that you know this.

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Speaker 7: You know, inspires them and gives them hope and opportunity

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Speaker 7: and prosperity.

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Speaker 6: I've spoken with a number of other philanthropists. I believe

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Speaker 6: you'll see some other significant gifts.

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Speaker 2: And we know many companies are going to match the

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Speaker 2: government's contribution, as Dell Technologies is certainly doing, and a

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Speaker 2: number of companies.

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Speaker 6: Have already announced.

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Speaker 1: So we're super excited about what this can become. Michael

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Speaker 1: Dell there, the CEO of Dell Technologies. President Trump says

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Speaker 1: he'll announce a new FED chair early next year. More

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Speaker 1: from Bloomberg's Charlie Pellett.

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Speaker 6: Word came at a White House Cabinet meeting in which

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Speaker 6: the President repeated his criticism of fedhair J.

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Speaker 3: Powell, who should reduce rates. So even Jamie Diamond said

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Speaker 3: he should be reducing rates. I never saw Jamie Diamond

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Speaker 3: say that. I went away, he said, but he really

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Speaker 3: said it because he's right. But we have a guy

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Speaker 3: that's just a stubborn ucks who probably doesn't like your president,

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Speaker 3: your favorite president.

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Speaker 6: Treasury Secretary Scott Bessen, who has been overseeing the FED

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Speaker 6: chair selection process, previously said the pick could be revealed

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Speaker 6: around Christmas. Over the weekend. The President told reporters he

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Speaker 6: knew who he would nominate, without offering further details. In

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Speaker 6: New York, Charlie Bloomberg.

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Speaker 1: Radio, subsidies tied to the Affordable Care Actor set to

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Speaker 1: expire at the end of the month, and if no

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Speaker 1: action is taken, millions of Americans will likely see significantly

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Speaker 1: higher premiums for health insurance. Now, Democratic lawmakers have been

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Speaker 1: fighting to extend them. House Speaker Mike Johnson says Republicans

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Speaker 1: are planning to talk about it next week.

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Speaker 7: We're pulling those ideas together and there will be a

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Speaker 7: Republican response to this, Okay, So I can't project in

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Speaker 7: advance what that will be because I don't know what

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Speaker 7: the consensus is in that room. But you will see

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Speaker 7: Arsley's rolled up in that work being done in Earthwareness

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Speaker 7: this week as we bring all that together.

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Speaker 1: Now, talks on a compromise in both parties have stalled.

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Speaker 1: A bipartisan deal is not expected before those subsidies do expire.

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Speaker 1: And that is news when you want it. With Bloomberg

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Speaker 1: News Now, I'm Doug Krisner, and this is Bloomberg