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

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Speaker 1: Open ai is close to finalizing the first phase of

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Speaker 1: a new funding round. We are told it's likely to

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Speaker 1: bring in more than one hundred billion dollars and with

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Speaker 1: that funding, open AI's overall valuation could exceed eight hundred

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Speaker 1: and fifty billion dollars.

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Speaker 2: Now.

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Speaker 1: The first portion of this funding round will largely come

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Speaker 1: from strategic investors. This will include Amazon, SoftBank, Nvidia, and Microsoft. Now,

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Speaker 1: the deal is not yet finalized and details could change.

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Speaker 1: The next phase of the deal is expected to close

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Speaker 1: later and may bring the total fundraising amount substantially higher.

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Speaker 1: Minutes from the last FED meeting show officials worried over inflation,

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Speaker 1: and several members suggested the FED may need to raise

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Speaker 1: infrast rates if inflation stays above their goal. Here is

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Speaker 1: Bloomberg's Michael McKee.

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Speaker 3: The focus of the January meeting on inflation largely rather

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Speaker 3: than jobs and concern that bringing it down. Installed officials

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Speaker 3: anticipated inflation would move down this year, but the pace

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Speaker 3: and timing remained uncertain.

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Speaker 1: That is Bloomberg's Michael McKee.

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Speaker 4: Now.

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Speaker 1: At the same time, these minutes show a vast majority

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Speaker 1: on the fed's committee judge the downside risk to the

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Speaker 1: labor market had moderated in recent months, and one group

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Speaker 1: of policymakers was embracing a view less open to additional

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Speaker 1: rate cuts at least in the near term. We go

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Speaker 1: to California, next to where eight backcountry skiers were found

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Speaker 1: dead after being trapped by an avalanche near Lake Tahoe.

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Speaker 1: Six people survived and were rescued, with two taken to

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Speaker 1: the hospital for treatment. Authority say one skier is still missing,

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Speaker 1: with rescue efforts ongoing. Here is Nevada County Sheriff Shannon Moon.

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Speaker 4: It's a very remote, rugged area on the north side

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Speaker 4: of the highway there. It is not a groomed area

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Speaker 4: or a ski resort area. This is a backcountry area,

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Speaker 4: rugged terrain.

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Speaker 1: Now, an avalanche warning remains in effect in parts of

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Speaker 1: the Sierra Nevada. Another wave of heavy set know is

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Speaker 1: forecast to sweep in off the Pacific Ocean overnight. Meta

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Speaker 1: CEO Mark Zuckerberg took the stand at a Landmark trial

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Speaker 1: over social media addiction, and he said it's difficult to

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Speaker 1: keep kids under thirteen off Instagram.

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Speaker 4: Now.

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Speaker 1: This case involves a twenty year old woman who had

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Speaker 1: an Instagram account when she was nine years old. Her

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Speaker 1: attorney said her addiction to social media exacerbated depression and

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Speaker 1: suicidal thoughts. Here is Bloomberg's Kurt Wagner.

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Speaker 5: To kind of be challenged with these allegations and in

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Speaker 5: Mark Zuckerberg's case, to defend himself and his company against

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Speaker 5: these accusations. And so it's been highly watched, highly anticipated,

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Speaker 5: and this is just really the first of more than

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Speaker 5: a thousand potential trials that we could see.

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Speaker 1: You can hear more from Kurt Wagner on the Bloomberg

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Speaker 1: BusinessWeek Daily podcast. Incidentally, this trial is expected to run

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Speaker 1: through the end of March. The Department of Justice wants

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Speaker 1: large movie theater chains to weigh in on the sale

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Speaker 1: of Warner Brothers Discovery. We are told doj antitrust lawyers

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Speaker 1: are seeking information on how a sale would impact the

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Speaker 1: movie going public and film releases in theaters. Crude oil

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Speaker 1: rally today on a report that American military intervention in

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Speaker 1: Iran could come sooner than expected. Axios reported any US

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Speaker 1: military operation would likely be a week's long campaign rather

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Speaker 1: than a pinpoint operation, similar to what happened last month

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Speaker 1: in Venezuela. Here is White House Press Secretary Caroline Levitt.

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Speaker 6: The President has always been very clear though with respect

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Speaker 6: to Iran or any country around the world, diplomacy is

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Speaker 6: always his first option, and Iran would be very wise

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Speaker 6: to make a deal with President Trump and with this administration.

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Speaker 1: Axios also reported the Israeli government is pushing for regime

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Speaker 1: change in Iran. Today, WTI crude oil was up four

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Speaker 1: point six percent in New York trading to sixty five nineteen.

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Speaker 1: Walmart is set to report its earnings tomorrow, when we

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Speaker 1: have a preview from Bloomberg's Time Busby.

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Speaker 2: Expectations for Walmart's fourth quarter earnings are running high on

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Speaker 2: a boost in holiday sales. Now the big focus though,

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Speaker 2: guidance for the upcoming fiscal year from new CEO John Ferner.

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Speaker 2: That's amid a struggling US labor market, uneven consumer sentiment,

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Speaker 2: and lower wage earners pulling back on their spending on

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Speaker 2: non essential items. Bloomberg consensus calls for revenue of one

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Speaker 2: hundred and ninety point sixty two billion dollars on adjusted

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Speaker 2: earnings per share of seventy three cents. Tom Busby Bloomberg Radio.

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Speaker 1: The Seattle Seahawks have started the process to sell the

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Speaker 1: team just weeks after winning Super Bowl sixty. The sale

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Speaker 1: is set to be the largest ever deal for an

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Speaker 1: NFL franchise. Sportico values the Seahawks at six point six

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Speaker 1: billion dollars. At the Winter Olympic Games, Norway leads the

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Speaker 1: medal count with thirty three, Italy has twenty six, and

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Speaker 1: the US in third place with twenty four. And that

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

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