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Speaker 1: News when you want it with Bloomberg News Now. I'm

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Speaker 1: Doug Prisner. Venezuelan opposition leader Maria Carino Machado met today

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Speaker 1: with President Trump at the White House and she presented

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Speaker 1: her Nobel Peace Prize to the President. Here is Machado

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Speaker 1: speaking earlier to reporters.

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Speaker 2: I presented the President of the United States the Medo

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Speaker 2: two hundred years ago General Lafayette Gabe Simonboi Medo as

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Speaker 2: a sign of the brotherhood between the United States, people

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Speaker 2: of the United States and the people of Venezuela under

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Speaker 2: five her Freedom against Ranny.

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Speaker 1: That is Maria Corino Machado, the opposition leader of Venezuela,

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Speaker 1: and she went on to say that Venezuelans are counting

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Speaker 1: on President Trump for the country's freedom. The meeting comes

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Speaker 1: as US forces seized a sixth oil tanker near Venezuela

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Speaker 1: earlier today. The US and Taiwan have agreed to a

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Speaker 1: trade deal. It will lower tariffs to fifteen percent from

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Speaker 1: the previous twenty percent, and US tariffs on goods from

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Speaker 1: Taiwan are now on par with both Japan and South Korea. Also,

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Speaker 1: as a part of this deal, Taiwan Semiconductor companies will

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Speaker 1: make at least two hundred and fifty billion dollars in

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Speaker 1: direct investments toward American energy and artificial intelligence operations. Here

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Speaker 1: is Bloomberg's Michael Shepherd.

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Speaker 3: It's been a top priority for officials there in Taipei,

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Speaker 3: but also here in Washington, because Taiwan is such a

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Speaker 3: crucial source of the chips that go into artificial intelligence

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Speaker 3: and AI data centers across the US and around the world,

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Speaker 3: and they wanted to make sure they get this locked

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Speaker 3: into place and that they can have some assurance that

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Speaker 3: supply lines to the island are really in a good place.

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Speaker 1: That is Bloomberg's Michael Shepherd. Now this trade deal comes

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Speaker 1: as Taiwan Semiconductor Manufacturing, the world's top maker of AI chips,

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Speaker 1: released earnings today and at the same time, Taiwan Semi

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Speaker 1: earmarked a hefty increase in capital spending. Here is Bloomberg

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Speaker 1: analyst Matthew Bloxham.

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Speaker 4: They're talking about fifty two to fifty six billion dollars

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Speaker 4: of capital spending in this coming year. That's about six

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Speaker 4: to ten billion dollars, or fifteen to twenty percent higher

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Speaker 4: than the market was expecting, and a big step up

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Speaker 4: year on year over ten billion up here on.

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Speaker 1: Year, that is Matthew Bloxham from Bloomberg Intelligence. President Trump

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Speaker 1: and governors in the US Northeast will be directing the

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Speaker 1: nation's largest electric grid operator, PJM Interconnection, to hold an

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Speaker 1: emergency auction as a way of forcing technology giants to

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Speaker 1: pay for new power plants. More from Bloomberg's Charlie Pellett, It's.

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Speaker 5: An unprecedented move to meet surging electricity demand and quell

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Speaker 5: concerns about data centers driving up costs. The push is

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Speaker 5: set to come in the form of a statement of

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Speaker 5: principles signed by Trump's National Energy Dominance Council and the

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Speaker 5: governors of Pennsylvania, Ohio, Virginia and other states, and it

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Speaker 5: represents an extraordinary intervention into the nation's power markets, underscoring

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Speaker 5: mounting on ease about the rising cost of electricity In

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Speaker 5: New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: JP Morgan Chase CEO Jamie Diamond is not interested in

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Speaker 1: becoming fed chair. He told that to David Rubinstein during

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Speaker 1: a US Chamber of Commerce event. Diamond also reflected on

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Speaker 1: JP Morgan's new headquarters in New York City.

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Speaker 6: If you look at what we have. We spend forty

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Speaker 6: billion dollars year on people, which is important, four billion

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Speaker 6: dollars a year on real estate. We want to have

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Speaker 6: great real estate. The old building wasn't fit for purpose.

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Speaker 6: It was too small, couldn't handle our trading floors. I

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Speaker 6: looked everywhere. I looked downtown. I looked Hunching yards. I

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Speaker 6: looked at buying Vanderbilt. But we could tear that building down.

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Speaker 6: We could buy air rights.

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Speaker 2: You know.

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Speaker 6: I thought it was the best location in the best

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Speaker 6: city and should bid it there. I we're quite happy

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Speaker 6: we did. It's beautiful.

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Speaker 1: You can catch the entire interview with Jamie Diamond on

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Speaker 1: The David Rubinstein Show Peer to Peer Conversations. It airs

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Speaker 1: January twenty first, nine pm Wall Street Time on Bloomberger Television.

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Speaker 1: New York City is suing the food delivery technology provider

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Speaker 1: moto Click for withholding pay from workers. The city says

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Speaker 1: Motoclick failed to pay the required minimum rate, and the

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Speaker 1: company deducted, canceled, and refunded orders directly from workers' paychecks.

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Speaker 1: Here is New York City Mayor Zoron Mumdani.

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Speaker 7: City Hall does not desire to have an adversarial relationship

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Speaker 7: with any business operating in our city. We cannot tell

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Speaker 7: the story of the city without also telling the story

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Speaker 7: of business. To those, however, who think they can make

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Speaker 7: a profit while stealing from their workers, while breaking the law,

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Speaker 7: make no mistake, we will have those workers backs each

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Speaker 7: and every time.

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Speaker 1: New York City Mayor z or On Mumdani. President Trump

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Speaker 1: is asking Congress to pass legislation to implement healthcare reforms

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Speaker 1: aimed at lowering drug prices and insurance premiums. That story

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Speaker 1: from Bloomberg's Amy Morris in Washington.

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Speaker 8: The Trump plan calls for codifying voluntary deals with drug

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Speaker 8: makers to lower some prices and make more medicines available

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Speaker 8: over the counter, as well as sending subsidies directly to

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Speaker 8: consumers to buy health insurance. White House Press Secretary Caroline

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Speaker 8: Levitt the.

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Speaker 9: Great Healthcare Plan will fund a cost sharing reduction program

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Speaker 9: for healthcare plans, which will save taxpayers at least thirty

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Speaker 9: six billion dollars and reduce the most common Obamacare plan

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Speaker 9: premiums by over ten percent. And that's according to the

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Speaker 9: Congressional Budget Office.

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Speaker 8: The move by the White House aims to address a

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Speaker 8: political liability healthcare ahead of the midterms in Washington. Amy

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Speaker 8: Morris 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 Prisoner and this is Bloomberg