1
00:00:01,400 --> 00:00:03,480
Speaker 1: News when you want it with Bloomberg News Now. I'm

2
00:00:03,520 --> 00:00:07,000
Speaker 1: Doug Prisner, the top lawyer for Goldman Sachs. Kathy Rumler

3
00:00:07,040 --> 00:00:10,440
Speaker 1: will leave this summer after documents released by the DOJ

4
00:00:10,880 --> 00:00:14,840
Speaker 1: revealed the extent of her ties with sex offender Jeffrey Epstein.

5
00:00:15,280 --> 00:00:19,079
Speaker 1: Rumler held extensive discussions with Epstein between twenty fourteen and

6
00:00:19,120 --> 00:00:23,440
Speaker 1: twenty nineteen, years after he pleaded guilty to state charges

7
00:00:23,480 --> 00:00:27,319
Speaker 1: of soliciting prostitution from a miner. Rumler joined Goldman in

8
00:00:27,360 --> 00:00:31,600
Speaker 1: twenty twenty. She will exit as general counsel on June thirtieth.

9
00:00:31,920 --> 00:00:35,680
Speaker 1: In a statement, Goldman CEO David Solomon said Rumler will

10
00:00:35,680 --> 00:00:39,000
Speaker 1: be missed. The Trump administration has made what could be

11
00:00:39,080 --> 00:00:43,479
Speaker 1: the largest rollback of environmental protections in years. Today, the

12
00:00:43,520 --> 00:00:47,199
Speaker 1: President rescinded the so called endangerment finding. This is a

13
00:00:47,240 --> 00:00:51,240
Speaker 1: scientific determination that greenhouse gases pose a threat to human

14
00:00:51,280 --> 00:00:54,280
Speaker 1: health and welfare. Here is Trump making the announcement.

15
00:00:54,760 --> 00:01:00,720
Speaker 2: We are officially terminating the so called endangerment finding, disastrous

16
00:01:00,760 --> 00:01:05,360
Speaker 2: Obama era policy that's severely damaged the American auto industry

17
00:01:05,400 --> 00:01:09,920
Speaker 2: and massively drove up prices for American consumers. Prices were

18
00:01:10,040 --> 00:01:15,440
Speaker 2: up incredibly for a worse product. This action will eliminate

19
00:01:15,520 --> 00:01:18,640
Speaker 2: over one point three trillion dollars of regulatory costs and

20
00:01:18,720 --> 00:01:23,080
Speaker 2: help bring car prices tumbling down dramatically.

21
00:01:23,120 --> 00:01:27,119
Speaker 1: Now, environmental groups have pledged to challenge this decision in court.

22
00:01:27,640 --> 00:01:29,880
Speaker 1: The Department of Homeland Security is on the verge of

23
00:01:29,880 --> 00:01:32,840
Speaker 1: a shutdown on Saturday. That's after the Senate failed to

24
00:01:32,920 --> 00:01:37,080
Speaker 1: advance a funding bill west. The Virginia Republican Senator Shelley

25
00:01:37,080 --> 00:01:41,039
Speaker 1: Moore Capito says more training for ICE agents can help

26
00:01:41,040 --> 00:01:42,440
Speaker 1: resolve a lot of issues.

27
00:01:43,040 --> 00:01:50,040
Speaker 3: More cameras, more training, more ig or inspectors, inspections. These

28
00:01:50,120 --> 00:01:52,840
Speaker 3: improvements can be made. They're already built into the bill

29
00:01:52,880 --> 00:01:56,320
Speaker 3: that the Democrats will not accept, and I think they're

30
00:01:56,400 --> 00:01:58,960
Speaker 3: using this as a political statement. I think if we

31
00:01:59,040 --> 00:02:02,440
Speaker 3: pull it out, becomes even more polarized and more political.

32
00:02:02,520 --> 00:02:05,639
Speaker 1: Now many DHS workers will be expected to work without

33
00:02:05,640 --> 00:02:08,800
Speaker 1: pay during a shutdown if one were to occur, and

34
00:02:08,840 --> 00:02:12,560
Speaker 1: a prolonged shutdown would risk royaling TSA workers at airports.

35
00:02:13,000 --> 00:02:16,880
Speaker 1: The Trump administration is retreating from its immigration enforcement blitz

36
00:02:16,919 --> 00:02:20,600
Speaker 1: in Minnesota. This pullback comes after more than two months

37
00:02:20,639 --> 00:02:24,359
Speaker 1: of operations, and in that time, two US citizens were

38
00:02:24,440 --> 00:02:26,520
Speaker 1: killed here as White House borders are.

39
00:02:26,680 --> 00:02:30,320
Speaker 4: Tom Homan is surge operation in our work here with

40
00:02:30,400 --> 00:02:34,480
Speaker 4: state and local officials to improve coordination and achieve mutual goals,

41
00:02:35,320 --> 00:02:37,440
Speaker 4: as well as our efforts to address issues of a

42
00:02:37,480 --> 00:02:41,120
Speaker 4: concern here on the ground, have yielded the successful results

43
00:02:41,200 --> 00:02:43,799
Speaker 4: we've came came here for.

44
00:02:44,120 --> 00:02:47,760
Speaker 1: Homan also said a significant drawdown is already underway and

45
00:02:47,840 --> 00:02:51,160
Speaker 1: will continue into next week. The US and Taiwan have

46
00:02:51,240 --> 00:02:54,440
Speaker 1: finalized a trade agreement. It will reduce tariffs on goods

47
00:02:54,520 --> 00:02:58,120
Speaker 1: from Taiwan. It will also boost access for American goods

48
00:02:58,160 --> 00:03:02,480
Speaker 1: in Taiwan's market, including liquefied natural gas and crude oil.

49
00:03:02,800 --> 00:03:05,360
Speaker 1: Here is Bloomberg's Laura Davison, the kind.

50
00:03:05,280 --> 00:03:08,920
Speaker 5: Of the underpinning of the US Taiwan relationship is this

51
00:03:09,040 --> 00:03:13,360
Speaker 5: military relationship. At US is Taiwan's main military backer, and

52
00:03:13,400 --> 00:03:15,520
Speaker 5: Taiwan is worried that if you know, the US is

53
00:03:15,560 --> 00:03:18,520
Speaker 5: no longer as dependent on Taiwan, that that could change

54
00:03:18,520 --> 00:03:21,160
Speaker 5: the balance of that relationship. However, a win for Taiwan

55
00:03:21,200 --> 00:03:24,240
Speaker 5: here is they did get this agreement finalized before Trump's

56
00:03:24,440 --> 00:03:27,400
Speaker 5: scheduled meeting to go to meet with Chi Jinping in April.

57
00:03:27,840 --> 00:03:29,720
Speaker 5: This was a concern that, you know, if this deal

58
00:03:29,760 --> 00:03:32,960
Speaker 5: was still out and really open for negotiation, that you know,

59
00:03:33,280 --> 00:03:35,880
Speaker 5: Chijinping could get Trump to back down on some of

60
00:03:35,920 --> 00:03:37,280
Speaker 5: these key things that the Taiwanese won.

61
00:03:37,440 --> 00:03:41,360
Speaker 1: That is Bloomberg's Laura Davison. Venezuela is planning to grant

62
00:03:41,400 --> 00:03:44,960
Speaker 1: more land to Chevron and Spain's REPSOL as the Trump

63
00:03:45,000 --> 00:03:49,720
Speaker 1: administration pushes for private companies to rebuild Venezuela's energy sector.

64
00:03:50,040 --> 00:03:53,040
Speaker 1: We are told officials in Caracas are poised to award

65
00:03:53,080 --> 00:03:57,080
Speaker 1: the exploration and production blocks as soon as this week.

66
00:03:57,520 --> 00:04:00,840
Speaker 1: Energy Secretary Chris Wright is in Karraka. That's where we

67
00:04:00,880 --> 00:04:02,800
Speaker 1: spoke with Bloomberg's and Marie hor Dern.

68
00:04:03,200 --> 00:04:06,240
Speaker 6: I think in the first year we'll see pretty significant

69
00:04:06,320 --> 00:04:09,840
Speaker 6: thirty forty percent growth in Venezuelan oil production. This year,

70
00:04:10,280 --> 00:04:13,680
Speaker 6: you could continue production growth rate at a pretty good clip.

71
00:04:14,160 --> 00:04:17,479
Speaker 6: Venezuela does have the largest proved oil reserves, which is

72
00:04:17,480 --> 00:04:20,360
Speaker 6: the technical concept, what's larger than the US.

73
00:04:20,480 --> 00:04:24,440
Speaker 1: That is Energy Secretary Chris Wright speaking to Bloomberg in Caracas. Now,

74
00:04:24,440 --> 00:04:28,279
Speaker 1: the Trump administration is expected to issue a general license

75
00:04:28,320 --> 00:04:32,040
Speaker 1: to allow international oil companies to explore and produce in

76
00:04:32,160 --> 00:04:36,760
Speaker 1: Venezuela without violating US sanctions. In Business News, the crypto

77
00:04:36,800 --> 00:04:40,840
Speaker 1: exchange Coinbase reported revenue in the fourth quarter tumbled by

78
00:04:40,880 --> 00:04:44,200
Speaker 1: more than twenty percent, and that meant the company swung

79
00:04:44,279 --> 00:04:46,839
Speaker 1: from a profit of one point three billion in Q

80
00:04:47,040 --> 00:04:50,080
Speaker 1: four last year to a net loss of six hundred

81
00:04:50,120 --> 00:04:53,760
Speaker 1: and sixty seven million dollars. We got reaction from Bloomberg's

82
00:04:54,040 --> 00:04:54,960
Speaker 1: Monique Melema.

83
00:04:55,400 --> 00:04:58,719
Speaker 7: You know, Coinbase, they are the largest cryptocurrency exchange in

84
00:04:58,760 --> 00:05:03,040
Speaker 7: the US, are on much solid fitting compared to some

85
00:05:03,120 --> 00:05:05,760
Speaker 7: of the smaller crypto firms that are out there. But

86
00:05:06,279 --> 00:05:08,800
Speaker 7: you know, analysts are also expecting that cryptocurrency is going

87
00:05:08,839 --> 00:05:11,520
Speaker 7: to continue to kind of see a downturn going through

88
00:05:11,560 --> 00:05:14,400
Speaker 7: this year, So that's going to continue to weigh on Coinbase,

89
00:05:14,680 --> 00:05:15,720
Speaker 7: even if they can weather it.

90
00:05:15,760 --> 00:05:19,240
Speaker 1: For now, that is Bloomberg's Monique Molima. Shares and Coinbase

91
00:05:19,279 --> 00:05:21,800
Speaker 1: we're down by more than fifteen percent in late New

92
00:05:21,920 --> 00:05:24,279
Speaker 1: York trading, and that is news when you want it

93
00:05:24,320 --> 00:05:26,720
Speaker 1: with Bloomberg News. Now, I'm Doug Prisner, and this is

94
00:05:26,760 --> 00:05:27,279
Speaker 1: Bloomberg