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Speaker 1: News when he wanted with Bloomberg News. Now, I'm Caroline Hepke.

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Speaker 1: We have some breaking news this hour. New Jersey Transit

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Speaker 1: locomotive engineers will go on strike today for the first

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Speaker 1: time in more than forty years. The action will trigger

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Speaker 1: a shutdown of New Jersey rail services and destop travel

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Speaker 1: for thousands of commuters Awage disputers at the heart of

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Speaker 1: the fight. After years of negotiations, the Brotherhood of Locomotive

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Speaker 1: Engineers and Trainmen has failed to agree a new contract.

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Speaker 1: New Jersey Transit Chief executive Officer Chris Kaluri has called

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Speaker 1: the union's proposals unaffordable. For more on Bloomberg News now

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Speaker 1: here is Bloomberg's Doug Krisner.

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Speaker 2: The Justice Department is investigating how concert promoters responded to

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Speaker 2: cancelations at the outset of the pandemic back in twenty twenty.

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Speaker 2: We are told a DOJ criminal antitrust probe is now

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Speaker 2: focused on whether Live Nation Entertainment and AEG Presents illegally

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Speaker 2: colluded on refund policies for canceled concerts and worked with

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Speaker 2: artists to limit losses. The largest US crypto exchange, Coinbase Global,

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Speaker 2: said today that since January hackers had near constant access

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Speaker 2: to some of the firm's most valuable customer data. These

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Speaker 2: data were obtained by bribing customer service representatives. In a

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Speaker 2: video posted on x, coinbase Global CEO Brian Armstrong laid

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Speaker 2: out steps the company is taking right now.

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Speaker 3: Any customers that were socially engineered as a result of

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Speaker 3: this incident, we're going to reimburse them. Number two, we're

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Speaker 3: hardening our systems around customer support to make something like

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Speaker 3: this much more difficult in the future. In third, we're

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Speaker 3: actually relocating some of our customer support operations as a

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Speaker 3: result of this.

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Speaker 2: That is Brian Armstrong. He is the CEO of coinbase. Now.

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Speaker 2: The hackers were demanding twenty million dollars in ransom in

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Speaker 2: order to delete these data. Instead, Coinbase offered twenty million

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Speaker 2: dollars in bounty for in leading to the attacker's arrest

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Speaker 2: and conviction. Separately, today, Coinbase saying it is cooperating within

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Speaker 2: SEC probe into the firm's previously reported user metrics. Shares

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Speaker 2: in Coinbase we're down more than seven percent. In the

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Speaker 2: regular session, Republican House members are still hammering out details

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Speaker 2: for President Trump's tax bill and how to pay for it.

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Speaker 2: There are several sticking points, including the state and local

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Speaker 2: tax deduction. New York Congresswoman Nicole Mally Attuckas is a

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Speaker 2: member of the Salt Caucus. She is pushing to increase

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Speaker 2: the cap to thirty thousand dollars.

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Speaker 4: In my situation, being a Houseways and Means member, I

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Speaker 4: pushed very diligently to get to a number that would

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Speaker 4: cover my district. And the tripling of the deduction to

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Speaker 4: thirty thousand dollars covers ninety eight percent of my district.

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Speaker 4: Now what I've liked to hire number, Sure, you know,

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Speaker 4: but it's not what you want, it's what you need.

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Speaker 4: That's how this works when you're working with so many

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Speaker 4: other people who represent very different districts.

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Speaker 2: Nicole Maliataka's congresswoman from New York State. Now, Republicans are

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Speaker 2: planning to work through the weekend to resolve the issue

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Speaker 2: and other unresolved matters, with plans to bring the bill

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Speaker 2: to the House floor for a vote next week. We

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Speaker 2: moved to geopolitics next. President Trump said today there will

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Speaker 2: be no resolution to Russia's war in Ukraine until he

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Speaker 2: meets with Russian President Vladimir Putin. Earlier Ukrainian President Vladimir

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Speaker 2: Zelenski approved a team to travel to Istanbul for talks

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Speaker 2: with Russia in the presence of both the US and Turkey.

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Speaker 2: The aim here was to achieve a cease fire. However,

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Speaker 2: Russian President Putin and Russian Foreign Minister Sergey Lavrov stayed away.

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Speaker 2: Here is US Secretary of State Marco Rubio.

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Speaker 5: The only way we're going to have a breakthrough here

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Speaker 5: is between President Trump and President Putin. It's going to

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Speaker 5: require that level of engagement to have a breakthrough in

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Speaker 5: this matter. I don't think anything productive is actually going

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Speaker 5: to happen from this point forward until they engage in

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Speaker 5: a very friend and direct conversation, which I know President

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Speaker 5: Trump is willing to do.

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Speaker 2: That is US Secretary of State Marco Rubio. Now, Trump

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Speaker 2: has threatened to levy new sanctions on Russia if Putin

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Speaker 2: were to refuse to meet with Zelensky or to agree

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Speaker 2: to an immediate and unconditional cease fire. We go to

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Speaker 2: the economy next. The head of JP, Morgan Chase Jamie

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Speaker 2: Diamond says recession remains a possibility as Tara fallout continues

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Speaker 2: to buffet global economies. Diamond spoke exclusively to Bloomberg, and

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Speaker 2: he said, there is still a lot of uncertainty, although

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Speaker 2: some of it preceded the Trump administration.

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Speaker 6: We had large deficits, int rates going up, inflation going

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Speaker 6: up in summer, you know, tariffs and things, and of

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Speaker 6: course the geopolitical situation is very tense, very difficult and

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Speaker 6: hard to resolve.

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Speaker 2: That is JP Morgan Chase CEO Jamie Diamond, speaking to

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Speaker 2: Bloomberg from the Bank's Global Markets Conference in Paris. Round

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Speaker 2: one of the PGA Championship has wrapped at Quail Hollow Club.

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Speaker 2: Jonathan Vegas sits at I topped the leaderboard at seven

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Speaker 2: hundred par and that is news when you want it

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Speaker 2: with Bloomberg News. Now I'm Doug Prisoner, and this is

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Speaker 2: Bloomberg