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Speaker 1: News when you want it with the Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner. Florida Congressman Matt Gates has submitted a

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Speaker 1: letter of resignation from the House of Representatives. Earlier, he

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Speaker 1: was nominated by President elect Trump to serve as US

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Speaker 1: Attorney General. Bloomberg's Joe Matthew calls it a remarkable choice.

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Speaker 2: We're talking about an individual here who is under active

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Speaker 2: investigation by the House Ethics Committee, and it's an investigation

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Speaker 2: that widened over the summer. He's accused of trying to

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Speaker 2: obstruct a probe into sexual misconduct and illicit drug use.

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Speaker 1: That is Bloomberg's Joe Matthew. Now, we got reaction to

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Speaker 1: some of the President elect's cabinet choices from the former

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Speaker 1: House Speaker Kevin McCarthy.

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Speaker 3: I think choices are very good except one. Look, Gates

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Speaker 3: won't get confirmed. Everybody knows that. But when you look

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Speaker 3: at a Rubio, just a knowledge that he has being

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Speaker 3: in the Intel Committee, I was on the Gang of Eight,

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Speaker 3: and his understanding even when you listen to the other

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Speaker 3: side the aisle, they say he'll make a great Secretary

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Speaker 3: of State.

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Speaker 1: Kevin McCarthy there referring to Marco Rubio, who has been

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Speaker 1: nominated as Secretary of State. McCarthy spoke to Bloomberg from

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Speaker 1: the Barclays Asia Forum in Singapore. The President elect has

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Speaker 1: also announced former Hawaii Congresswoman Tulsey Gabbard to serve as

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Speaker 1: Director of National Intelligence. Earlier in the day, President Biden

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Speaker 1: and President elect Trump briefly spoke to the press before

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Speaker 1: meeting in private about the transition of power. Bloomberg's Kaylee

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Speaker 1: Lines is at the White House with more on what

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Speaker 1: the two discussed inside the Oval Office.

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Speaker 4: He alluded to the sometimes difficult nature, if we could

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Speaker 4: say it kindly, of their relationship. Of course, these two

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Speaker 4: have campaigned against each other in two consecutive cycles, in

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Speaker 4: which Biden has characterized Trump as a threat to the

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Speaker 4: very democracy which Trump is now set to inherit as

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Speaker 4: the forty seventh president Donald Trump saying that politics is

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Speaker 4: tough and in many cases not very nice. But then

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Speaker 4: he said, it as a nice world today, and I

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Speaker 4: appreciate very much a transition that is so smooth.

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Speaker 1: That is Blomomy Brix Kayley Lines. The unofficial results in

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Speaker 1: the race for the US Senate's seat in Pennsylvania have

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Speaker 1: triggered a legally required statewide recount. Back on November seventh,

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Speaker 1: The Associated Press called the race for Republican David McCormick,

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Speaker 1: the former head of Bridgewater Associates, but incumbent Senator Bob Casey,

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Speaker 1: a Democrat, has not conceded. South Dakota GOP Senator John

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Speaker 1: Thune has won election as Senate Majority leader next year.

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Speaker 1: He's a longtime deputy of Mitch McConnell and an advocate

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Speaker 1: of free trade. Thune's victory sets up a potential conflict

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Speaker 1: with President elect Trump over tariffs and aid to Ukraine.

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Speaker 1: Thune was asked about confirming President Elect Trump's nominations, including

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Speaker 1: using recess appointments.

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Speaker 5: We want to make sure our committees have confirmation hearings

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Speaker 5: like they typically do, and that these nominees reported out

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Speaker 5: the floor. But I've said this and I mean it

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Speaker 5: that we expect a level of cooperation from the Democrats

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Speaker 5: to work with us to get these folks installed. And

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Speaker 5: obviously we're going to look at explore all options to

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Speaker 5: make sure that they get more than that they get

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Speaker 5: moved quickly.

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Speaker 1: That is GOP Senator John thun, who by the way,

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Speaker 1: defeated Elon musk back to candidate Rick Scott, as well

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Speaker 1: as McConnell protege John Cornyn in secret voting that happened

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Speaker 1: on Wednesday. Spirit Airlines is closing in on a deal

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Speaker 1: to restructure its debt in bankruptcy court, thereby wiping out

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Speaker 1: as shareholders. This comes after talks for a tie up

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Speaker 1: with rival Frontier Airlines fell through. Bloomberg e spandedic Camill

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Speaker 1: has more and what it could mean for Spirit passengers.

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Speaker 6: If you're a customer, you're buying a ticket not for tomorrow,

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Speaker 6: You're buying it further out, and you want to feel

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Speaker 6: good about being able to actually use and board that flight.

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Speaker 6: And if a company finds a bankruptcy airline, it doesn't

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Speaker 6: mean they will go out of business, but we will

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Speaker 6: probably see more people saying, you know what to risk

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Speaker 6: you for meat? There are options out there. I might

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Speaker 6: go somewhere else. They might lose pilots, they might lose staff.

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Speaker 6: So holding the business together under a circumstance like this

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Speaker 6: it's going to be very for the company.

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Speaker 1: That is. Bloomberg'spendedic Camel. We had shares in Spirit plunging

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Speaker 1: nearly sixty percent in the regular session the New York

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Speaker 1: City Council has passed a measure banning landlords from passing

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Speaker 1: on broker fees to tenants. More from Bloomberg's Charlie Pellett.

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Speaker 7: New York runters will no longer be on the hook

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Speaker 7: for costly broker fees when signing a new apartment lease.

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Speaker 7: The Fairness in Apartment Rental Expenses, or FAIR Act, was

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Speaker 7: approved by a vote of forty two to eight, with

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Speaker 7: no abstentions, enough support that mayor Adams will not be

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Speaker 7: able to torpedo the effort. The bill requires landlords who

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Speaker 7: hire real estate agents to pay the agents fees themselves

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Speaker 7: instead of passing them on to tenants. The influential Real

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Speaker 7: Estate Board of New York says it will continue to

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Speaker 7: pursue all options to fight the legislation in New York.

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Speaker 7: Charlie Pellett Bloomberg Radio.

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

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Speaker 1: I'm Doug Prisner, and this is Bloomberg