1 00:00:00,800 --> 00:00:04,040 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:04,080 --> 00:00:08,400 Speaker 1: Mad Kalenky. New document show former Federal Reserve Governor Adrianna 3 00:00:08,480 --> 00:00:12,160 Speaker 1: Kugler had been facing an ethics probe before abruptly resigning 4 00:00:12,200 --> 00:00:15,160 Speaker 1: this summer. Bloomberg's Monica Ricks has details. 5 00:00:15,280 --> 00:00:18,840 Speaker 2: The US Office of Government Ethics released new financial disclosure 6 00:00:18,880 --> 00:00:22,639 Speaker 2: Saturday that show former Federal Reserve Governor Andreana Kugler made 7 00:00:22,640 --> 00:00:26,280 Speaker 2: several stock trades that repeatedly violated the Fed's personal finance 8 00:00:26,320 --> 00:00:29,400 Speaker 2: policy and prompted a probe that ultimately led to her 9 00:00:29,440 --> 00:00:32,919 Speaker 2: resignation in August. According to the document, Kugler made at 10 00:00:33,000 --> 00:00:35,879 Speaker 2: least a dozen stock trades in companies like Apple and 11 00:00:36,000 --> 00:00:40,360 Speaker 2: Caterpillar last year, some between policy meetings. Kugler blamed her 12 00:00:40,440 --> 00:00:43,400 Speaker 2: husband for making the trades without her knowledge. Her seat 13 00:00:43,440 --> 00:00:45,440 Speaker 2: on the Federal Reserve Board has since been filled by 14 00:00:45,440 --> 00:00:48,800 Speaker 2: Trump ally and former White House Economic advisor Stephen Myron, 15 00:00:49,000 --> 00:00:52,040 Speaker 2: who's back the President in calling for more drastic interest 16 00:00:52,120 --> 00:00:55,040 Speaker 2: rate cuts. Monica Ricks Bloomberg Radio. 17 00:00:55,200 --> 00:00:57,800 Speaker 1: A new deployment of federal re agents arrived in Charlotte, 18 00:00:57,840 --> 00:01:00,920 Speaker 1: North Carolina Saturday as part of President in Trump's expanding 19 00:01:00,920 --> 00:01:04,400 Speaker 1: immigration enforcement campaign marking the latest push to carry out 20 00:01:04,480 --> 00:01:08,160 Speaker 1: large scale arrests in democratic led cities. Department of Homeland 21 00:01:08,160 --> 00:01:11,440 Speaker 1: Security spokeswoman Tricia McLaughlin said in a statement, we are 22 00:01:11,560 --> 00:01:15,240 Speaker 1: surging DHS law enforcement to Charlotte to ensure Americans are 23 00:01:15,319 --> 00:01:19,240 Speaker 1: safe and public safety threats are removed. MacLaughlin did not 24 00:01:19,319 --> 00:01:22,520 Speaker 1: provide any details of the deployment, including how many officers 25 00:01:22,600 --> 00:01:25,560 Speaker 1: were there or what their duties would be. The arrival 26 00:01:25,600 --> 00:01:28,200 Speaker 1: in Charlotte marks the latest expansion of a campaign that 27 00:01:28,280 --> 00:01:31,240 Speaker 1: has already swept through some of the nation's largest left 28 00:01:31,319 --> 00:01:35,280 Speaker 1: leaning strongholds. President Trump has issued a second part into 29 00:01:35,319 --> 00:01:39,120 Speaker 1: a January sixth defendant who had remained behind bars despite 30 00:01:39,200 --> 00:01:42,160 Speaker 1: the sweeping grant of clemency for Capital rioters because of 31 00:01:42,200 --> 00:01:46,840 Speaker 1: a separate conviction for illegally possessing firearms. Daniel Edwin Wilson 32 00:01:46,840 --> 00:01:50,040 Speaker 1: of Louisville, Kentucky, was under investigation for his role in 33 00:01:50,120 --> 00:01:53,880 Speaker 1: the riot when authorities found six guns and roughly four thousand, 34 00:01:54,040 --> 00:01:57,040 Speaker 1: eight hundred rounds of ammunition in his home. Because of 35 00:01:57,120 --> 00:02:00,960 Speaker 1: prior felony convictions, it was illegal for him to posus firearms. 36 00:02:01,640 --> 00:02:04,520 Speaker 1: Heavy rains that drenched Los Angeles in the greater southern 37 00:02:04,600 --> 00:02:07,480 Speaker 1: California area have tapered off, but risks of high water, 38 00:02:07,640 --> 00:02:10,639 Speaker 1: mud slides and rock slides, and fire burned areas will 39 00:02:10,720 --> 00:02:13,880 Speaker 1: remain long after the rain is expected to end. Rockfall 40 00:02:13,960 --> 00:02:16,720 Speaker 1: and debris flow are reported along a stretch of Topanga 41 00:02:16,800 --> 00:02:19,840 Speaker 1: Canyon Boulevard, shutting down a portion of State Route twenty 42 00:02:19,919 --> 00:02:24,000 Speaker 1: seven while crews work to remove hazards. This according to Caltrans, 43 00:02:24,440 --> 00:02:26,600 Speaker 1: City and county officials are on high alert as the 44 00:02:26,639 --> 00:02:29,720 Speaker 1: storm brings a heightened risk of debris and mud flows 45 00:02:30,000 --> 00:02:33,959 Speaker 1: to the Eden and Palisades. Burn scars and evacuation warnings 46 00:02:34,000 --> 00:02:35,919 Speaker 1: were in effect through eight a m. Sunday for many 47 00:02:36,000 --> 00:02:39,000 Speaker 1: of the neighborhoods affected by the deadly fires that struck 48 00:02:39,120 --> 00:02:43,359 Speaker 1: Los Angeles in January. This week, President Trump hosts Saudi 49 00:02:43,440 --> 00:02:46,359 Speaker 1: Crown Prince Mohammed bin Salman at the White House. It 50 00:02:46,440 --> 00:02:49,560 Speaker 1: comes at a particularly tense moment for both countries, As 51 00:02:49,600 --> 00:02:52,720 Speaker 1: we hear from Bloomberg Snathan Hagar in Washington. 52 00:02:52,520 --> 00:02:55,119 Speaker 3: MBS says he's known should get the kind of fanfare 53 00:02:55,200 --> 00:02:57,919 Speaker 3: that he gave President Trump and Riot earlier this year, 54 00:02:58,120 --> 00:03:00,679 Speaker 3: but sources tell Bloomberg News this year the UAS visit 55 00:03:00,840 --> 00:03:04,239 Speaker 3: was close to being postponed. Both leaders have developed warm 56 00:03:04,320 --> 00:03:08,480 Speaker 3: relations since President Trump's first term, but lately tensions over security, 57 00:03:08,600 --> 00:03:11,440 Speaker 3: AI and nuclear access, and the war in Gaza have 58 00:03:11,600 --> 00:03:14,679 Speaker 3: caused some strains. Still, the de facto Saudi leader is 59 00:03:14,720 --> 00:03:18,320 Speaker 3: scheduled to be at the White House this Tuesday. In Washington. 60 00:03:18,400 --> 00:03:20,080 Speaker 3: I'm Nathan Hager Bloomberg Radio. 61 00:03:20,200 --> 00:03:23,360 Speaker 1: President Trump has continued his purchases of municipal in corporate 62 00:03:23,400 --> 00:03:26,120 Speaker 1: debth this fall, including bonds of companies affected by his 63 00:03:26,240 --> 00:03:30,320 Speaker 1: administration's policies. New disclosures posted Saturday by the Office of 64 00:03:30,360 --> 00:03:33,519 Speaker 1: Government Ethics show that Trump's purchases of at least eighty 65 00:03:33,600 --> 00:03:37,600 Speaker 1: two million dollars include bonds from Netflix, United Health Group, Boeing, 66 00:03:37,720 --> 00:03:41,400 Speaker 1: Meta Platforms, Home Depot, Broadcom, and Intel, of which the 67 00:03:41,560 --> 00:03:45,560 Speaker 1: US government acquired a stake under his administration. Trump also 68 00:03:45,640 --> 00:03:49,640 Speaker 1: purchased municipal bonds from US cities and local school districts, utilities, 69 00:03:49,720 --> 00:03:53,360 Speaker 1: and hospitals. A bi partnersing group of House lawmakers is 70 00:03:53,520 --> 00:03:55,360 Speaker 1: urging the Senate to help come up with a deal 71 00:03:55,640 --> 00:03:59,760 Speaker 1: to address the expiration of healthcare subsidies. Bloomberg's Amy Marris 72 00:04:00,000 --> 00:04:01,160 Speaker 1: reports from Washington. 73 00:04:01,400 --> 00:04:05,400 Speaker 4: Thirteen House Republicans co signed a letter with nineteen House Democrats, 74 00:04:05,560 --> 00:04:09,960 Speaker 4: signaling support among some Republicans to resolve Democrats' core demand 75 00:04:10,080 --> 00:04:13,720 Speaker 4: to avoid Affordable Care Act premium increases. They're asking that 76 00:04:13,840 --> 00:04:16,920 Speaker 4: representatives from both parties in the House be included in 77 00:04:17,000 --> 00:04:20,320 Speaker 4: the talks aimed at averting what they're calling drastic premium 78 00:04:20,480 --> 00:04:23,880 Speaker 4: increases that would affect more than twenty million Americans. In 79 00:04:23,960 --> 00:04:26,960 Speaker 4: that letter, the lawmakers wrote that without a deal, millions 80 00:04:27,000 --> 00:04:30,160 Speaker 4: of Americans will lose health care coverage because they won't 81 00:04:30,200 --> 00:04:34,080 Speaker 4: be able to afford it. In Washington, Amy Morris Bloomberg Radio. 82 00:04:34,040 --> 00:04:37,120 Speaker 1: And a plan to hold airlines accountable for significant flight 83 00:04:37,160 --> 00:04:40,560 Speaker 1: delays is being ditched by the Trump administration. Bloomberg's Karen 84 00:04:40,600 --> 00:04:41,719 Speaker 1: Moscow explains the. 85 00:04:41,839 --> 00:04:44,920 Speaker 5: US Transportation Department is abandoning an effort started by the 86 00:04:45,000 --> 00:04:48,920 Speaker 5: Biden administration that required airlines to provide meals, hotels, and 87 00:04:49,040 --> 00:04:53,320 Speaker 5: cash payouts to passengers affected by significant flight disruptions. In 88 00:04:53,400 --> 00:04:56,240 Speaker 5: a recent filing, the Trump administration said the Department is 89 00:04:56,320 --> 00:05:00,960 Speaker 5: not authorized under existing law to require such reimbursements or compensation. 90 00:05:01,480 --> 00:05:03,880 Speaker 5: It also said it is not convinced that changes would 91 00:05:03,920 --> 00:05:08,160 Speaker 5: yield meaningful improvements. Former Transportation Secretary Pete Buddha, Judge who 92 00:05:08,200 --> 00:05:11,400 Speaker 5: helmed the efforts, said the initiative was important in protecting 93 00:05:11,440 --> 00:05:14,520 Speaker 5: the rights of flyers. Karen Moscow, Bloomberg Radio. 94 00:05:14,720 --> 00:05:17,320 Speaker 1: That's news when you want it with Bloomberg News. Now, 95 00:05:17,680 --> 00:05:20,360 Speaker 1: I made Kleggy. This is Bloomberg