1
00:00:02,120 --> 00:00:04,320
Speaker 1: News when you want it. With the Bloomberg News Now,

2
00:00:04,440 --> 00:00:08,119
Speaker 1: I'm Doug Chrisner. Bitcoin is trading above eighty one thousand.

3
00:00:08,400 --> 00:00:11,680
Speaker 1: This reflects a bed on President elect Trump being supportive

4
00:00:11,840 --> 00:00:14,640
Speaker 1: of digital assets, as well as the prospect of a

5
00:00:14,720 --> 00:00:18,959
Speaker 1: Congress featuring pro crypto lawmakers. Here is Kavita Gupta of

6
00:00:19,120 --> 00:00:20,480
Speaker 1: Delta Blockchain Fund.

7
00:00:21,000 --> 00:00:23,960
Speaker 2: President Trump has actually says that he's going to change

8
00:00:24,079 --> 00:00:26,800
Speaker 2: the current SEC commissioner and going to have much more

9
00:00:26,840 --> 00:00:30,520
Speaker 2: pro friendly agenda. So everyone is expecting much more clarity

10
00:00:30,520 --> 00:00:33,600
Speaker 2: on regulations and the feeling but I kept on feeling

11
00:00:33,640 --> 00:00:37,280
Speaker 2: within the crypto ecosystem is that it is going to

12
00:00:37,280 --> 00:00:40,320
Speaker 2: be crypto for America and America for crypto after a

13
00:00:40,479 --> 00:00:41,480
Speaker 2: very very long time.

14
00:00:41,560 --> 00:00:44,880
Speaker 1: That is Kavita Gupta of Delta Blockchain Fund.

15
00:00:45,040 --> 00:00:45,280
Speaker 3: Well.

16
00:00:45,320 --> 00:00:47,959
Speaker 1: As President elect Trump builds out his cabinet, there are

17
00:00:48,040 --> 00:00:51,040
Speaker 1: questions over who will take the lead at the Securities

18
00:00:51,080 --> 00:00:54,360
Speaker 1: and Exchange Commission. Here's Bloomberg sed Coleggi.

19
00:00:54,320 --> 00:00:57,640
Speaker 4: Richard Farley, a partner at Kramer Levin, f Talis and Frankel,

20
00:00:57,720 --> 00:01:01,200
Speaker 4: and Kirkland and Ellis partner Norm champ Or among contenders

21
00:01:01,240 --> 00:01:04,360
Speaker 4: to replace Gary Gensler as chair of the US Securities

22
00:01:04,400 --> 00:01:07,080
Speaker 4: and Exchange Commission. This according to people with knowledge of

23
00:01:07,120 --> 00:01:10,679
Speaker 4: the matter. Robin Hood Market's legal chief Dan Gallagher, current

24
00:01:10,880 --> 00:01:14,960
Speaker 4: SEC Commissioner Mark Uda, and Heath Tarbart, a former chairman

25
00:01:15,000 --> 00:01:18,440
Speaker 4: of the Commodity Futures Training Commission, are also among those

26
00:01:18,520 --> 00:01:21,639
Speaker 4: being considered for the job. Also in contention or former

27
00:01:21,760 --> 00:01:25,320
Speaker 4: SEC Commissioner Paul Atkins and Robert Stemmens, a partner in

28
00:01:25,400 --> 00:01:28,919
Speaker 4: Wilkie far End Galligher Ed Kleggy Bloomberg Radio.

29
00:01:29,440 --> 00:01:32,399
Speaker 1: President Biden will be meeting with President elect Donald Trump

30
00:01:32,400 --> 00:01:34,640
Speaker 1: in the coming week, and we are told Biden will

31
00:01:34,760 --> 00:01:39,360
Speaker 1: argue for continued usaid for Ukraine. Here's White House National

32
00:01:39,400 --> 00:01:43,400
Speaker 1: Security Advisor Jake Sullivan speaking earlier on CBS Face the Nation.

33
00:01:43,840 --> 00:01:46,280
Speaker 5: President Biden will have the opportunity over the next seventy

34
00:01:46,360 --> 00:01:48,720
Speaker 5: days to make the case to the Congress and to

35
00:01:48,760 --> 00:01:51,840
Speaker 5: the incoming administration that the United States should not walk

36
00:01:51,880 --> 00:01:52,760
Speaker 5: away from Ukraine.

37
00:01:52,840 --> 00:01:57,000
Speaker 1: That is Jake Sullivan, White House National Security Advisor. US

38
00:01:57,120 --> 00:02:01,560
Speaker 1: congressional election races are still being called. In Colorado's eighth

39
00:02:01,560 --> 00:02:05,560
Speaker 1: congressional district, Democrat Yudira Caraveo lost her bid for a

40
00:02:05,600 --> 00:02:08,960
Speaker 1: second term in the House to Republican Gabe Evans. A

41
00:02:09,000 --> 00:02:12,720
Speaker 1: shooting early Sunday at Tuskegee University in Alabama has left

42
00:02:12,760 --> 00:02:16,239
Speaker 1: one person dead and sixteen others injured. The victim was

43
00:02:16,240 --> 00:02:19,200
Speaker 1: an eighteen year old man and not a university student.

44
00:02:19,600 --> 00:02:23,080
Speaker 1: Police say they have arrested twenty five year old Jaquez Myrick.

45
00:02:23,480 --> 00:02:25,680
Speaker 1: He was found leaving the scene in possession of a

46
00:02:25,720 --> 00:02:30,120
Speaker 1: handgun with a machine gun conversion device. However, authorities did

47
00:02:30,160 --> 00:02:33,160
Speaker 1: not confirm if Myrick was the suspect in the shooting.

48
00:02:33,760 --> 00:02:37,280
Speaker 1: Strong winds and dry conditions are fueling dozens of wildfires

49
00:02:37,320 --> 00:02:40,000
Speaker 1: across both New Jersey and in New York. In New

50
00:02:40,080 --> 00:02:43,320
Speaker 1: York State, a forest ranger is dead. In New Jersey,

51
00:02:43,320 --> 00:02:46,120
Speaker 1: the chief fire Warden is Bill Donnelly. He says, even

52
00:02:46,200 --> 00:02:49,640
Speaker 1: if it rains, the problem with these wildfires is even bigger.

53
00:02:50,520 --> 00:02:55,360
Speaker 3: Make no mistake, though precipitation is forecasted, that's not going

54
00:02:55,400 --> 00:02:57,919
Speaker 3: to solve the problem that we have here with this wildfire.

55
00:02:58,200 --> 00:03:01,080
Speaker 3: It's inevitable that this fire is going to continue to

56
00:03:01,120 --> 00:03:03,280
Speaker 3: burn up until it reaches our control lines.

57
00:03:03,360 --> 00:03:07,440
Speaker 1: Bill Donnelly, there of the New Jersey Forest Fire Service. Meantime,

58
00:03:07,520 --> 00:03:10,600
Speaker 1: health advisories have been issued for parts of New York

59
00:03:10,639 --> 00:03:14,160
Speaker 1: and New Jersey due to unhealthy air quality because of

60
00:03:14,240 --> 00:03:17,880
Speaker 1: smoke from these fires. President of the Minneapolis Fed Neil

61
00:03:17,960 --> 00:03:22,359
Speaker 1: Kashkari was saying today the American economy has remained remarkably strong,

62
00:03:22,480 --> 00:03:26,120
Speaker 1: as the FED did progress in beating inflation. Even so,

63
00:03:26,320 --> 00:03:30,080
Speaker 1: Kashkari told CBS faced the nation, the FED is still

64
00:03:30,120 --> 00:03:31,160
Speaker 1: not all the way home.

65
00:03:31,680 --> 00:03:34,600
Speaker 5: Our focus is whatever Congress and the administration decide to do.

66
00:03:35,040 --> 00:03:37,400
Speaker 5: We have our goals. Our goals are two percent inflation

67
00:03:37,760 --> 00:03:40,800
Speaker 5: and a strong labor market, maximum employment, and we will

68
00:03:40,840 --> 00:03:43,520
Speaker 5: adjust our monetary policies to try to achieve that. But

69
00:03:43,720 --> 00:03:46,200
Speaker 5: you're right, over the long run, it's clear that the

70
00:03:46,240 --> 00:03:48,960
Speaker 5: deficit needs to be addressed. But that is also, as

71
00:03:49,000 --> 00:03:51,880
Speaker 5: I said, the domain of Congress from the executive branch

72
00:03:51,920 --> 00:03:52,440
Speaker 5: to sort out.

73
00:03:52,520 --> 00:03:55,640
Speaker 1: Neil Kashkari there the head of the Minneapolis Fed. In

74
00:03:55,680 --> 00:03:58,080
Speaker 1: the week ahead, the focus in the US will turn

75
00:03:58,120 --> 00:04:01,880
Speaker 1: toward inflation and some Fed speak. We have a preview

76
00:04:01,880 --> 00:04:03,360
Speaker 1: from Bloomberg' Karen Moscow.

77
00:04:03,560 --> 00:04:06,240
Speaker 6: The week begins on a holiday. Monday is Veterans Day,

78
00:04:06,280 --> 00:04:08,560
Speaker 6: and while the bond market is closed, the stock market

79
00:04:08,600 --> 00:04:11,440
Speaker 6: is open. Tuesday, we get to look at small business optimism,

80
00:04:11,480 --> 00:04:14,840
Speaker 6: and Wednesday it's the consumer Price Index. Thursday, the Producer

81
00:04:14,880 --> 00:04:17,760
Speaker 6: Price indexes out along with the weekly report and initial

82
00:04:17,839 --> 00:04:20,320
Speaker 6: jobless claims, and we also get earning from Walt Disney.

83
00:04:20,440 --> 00:04:24,520
Speaker 6: Friday it's retail sales, Empire manufacturing, and industrial production. We'll

84
00:04:24,560 --> 00:04:26,440
Speaker 6: also hear from a number of FED officials in the

85
00:04:26,440 --> 00:04:29,080
Speaker 6: week ahead, including FED Chair Jerome Powell and New York

86
00:04:29,120 --> 00:04:32,480
Speaker 6: FED President John Williams, Karen Moscow, Bloomberg Radio.

87
00:04:32,640 --> 00:04:35,480
Speaker 1: The COP twenty nine climate talks will get underway within

88
00:04:35,520 --> 00:04:39,039
Speaker 1: a matter of hours in Baku, the capital of Iserbaijan.

89
00:04:39,560 --> 00:04:43,920
Speaker 1: Tessa Kahn is the executive director of sustainability firm Uplift.

90
00:04:44,160 --> 00:04:46,360
Speaker 7: What really matters is that at home, in a country

91
00:04:46,440 --> 00:04:48,599
Speaker 7: like the UK, which by the way, is also a

92
00:04:48,640 --> 00:04:52,359
Speaker 7: major oil and gas drilling country, that the dependence and

93
00:04:52,400 --> 00:04:55,120
Speaker 7: the increased production of fossil fuels has to stop.

94
00:04:55,440 --> 00:04:57,920
Speaker 1: The meeting is being held in the wake of recent

95
00:04:58,040 --> 00:05:02,480
Speaker 1: deadly weather events, including flood in Valencia, Spain, and Hurricane

96
00:05:02,480 --> 00:05:05,240
Speaker 1: Helene in the US. And that is news when you

97
00:05:05,279 --> 00:05:08,159
Speaker 1: want it with Bloomberg News. Now, I'm Doug Prisoner, and

98
00:05:08,279 --> 00:05:09,080
Speaker 1: this is Bloomberg