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

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Speaker 1: met Kleggy. The Trump administration asked a federal court to

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Speaker 1: unseal grand jury transcripts related to the case of late

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Speaker 1: discreased financier Jeffrey Epstein, following claims that government officials were

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Speaker 1: hiding documents and information related to his sex trafficking case.

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Speaker 1: Justice Department lawyers made the requests Friday to two judges

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Speaker 1: in Manhattan, where prosecutors hailed separate criminal cases against Epstein

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Speaker 1: and his former associate, Gislaine Maxwell. It's unclear of courts

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Speaker 1: would grant the administration's request, or whether the request will

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Speaker 1: satisfy critics, including some of President Trump's own allies, who

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Speaker 1: have demanded more information on the case. Grand Jury deliberations

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Speaker 1: are typically kept secret. The judges could also take time

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Speaker 1: to make a decision, according to court records. President Trump

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Speaker 1: has sued Dow Jones in Company News Corp end Rupert

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Speaker 1: Murdoch for libel. Trump's move came after The Wall Street

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Speaker 1: Journal published a story alleging that he once sent a

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Speaker 1: suggestive birthday letter to Jeffrey Ebstein. The president said the

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Speaker 1: letter was fake. In a social media post, he threatened

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Speaker 1: to sue the paper, its parent company, News Corp. And

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Speaker 1: owner Rupert Murdoch, calling the story false, malicious, and defamatory.

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Speaker 1: President Trump Friday afternoon signed the first federal bill to

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Speaker 1: regulate stable coins, calling it a big step.

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Speaker 2: We take a giant step to cement the American dominance

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Speaker 2: of global finance and crypto technology as we signed the

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Speaker 2: landmark Genius Act into law.

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Speaker 1: The measure sets regulatory rules for US dollar backed stable coins,

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Speaker 1: including a requirement for firms to hold dollar for dollar

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Speaker 1: reserves in short term government debt or similar products overseen

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Speaker 1: by stater Federal regulators advocate see it as allowing for

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Speaker 1: the broader adoption of digital assets in finance. President Trump

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Speaker 1: is once again pressuring FED Chair J Powell on interest rates,

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Speaker 1: calling the chairman a numbskull la on truth social and

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Speaker 1: saying that high rates are choking the housing market. FED

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Speaker 1: Governor Christopher Waller has been mentioned as a possible successor

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Speaker 1: to Powell. We asked Waller if he feels that pressure

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Speaker 1: in the committee.

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Speaker 3: Room to be absolutely honest, we just do our job

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Speaker 3: every day I go in, I just focus on my

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Speaker 3: work on monetary policy, payments and oversight of the reserve banks.

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Speaker 3: That's what I do. I let this stuff go and

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Speaker 3: then just try to focus on my job, and I

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Speaker 3: think that's how all of us are proceeding with this.

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Speaker 1: Waller tells Bloomberg Surveillance the President has not contacted him

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Speaker 1: about the chairmanship, but he would serve if asked. Waler

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Speaker 1: usso restated the case he first revealed in a Thursday

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Speaker 1: speech that the FED should cut when policymakers gather later

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Speaker 1: this month, given data suggesting the US labor market is

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Speaker 1: on the edge.

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Speaker 3: Half of the employment growth we saw last month was

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Speaker 3: in the public sector, and that means the private sector

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Speaker 3: is not doing particularly well.

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Speaker 1: Catch the full conversation on the Surveillance podcast. Treasure resented

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Speaker 1: Friday higher following dubvish comments by FED Governor Waller and

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Speaker 1: lower than anticipated consumer inflation expectations. In the University of

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Speaker 1: Michigan sentiment survey, the s and P five hundred index

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Speaker 1: did score a winning week. We get more on this

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Speaker 1: from Bloomberg's Charlie Pellett.

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Speaker 4: The SMP five hundred index had its third winning weekend

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Speaker 4: the last four after consumer sentiment rose to a five

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Speaker 4: month high during Friday's trading declines in technology and energy

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Speaker 4: shares offset gains elsewhere. The S and P five hundred

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Speaker 4: index was down one tenth of one percent after notching

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Speaker 4: a fresh record a day earlier. NASDAK end of the

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Speaker 4: week at a record for the week, the SMP five

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Speaker 4: hundred index was up six tenths of one percent. NASTAK

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Speaker 4: up one and a half percent. The Dow this week

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Speaker 4: down for a second week, falling one tenth of one

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Speaker 4: percent in New York. Charlie Pelle at Bloomberg Radio, The.

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Speaker 1: EPA on Friday said it's eliminating its research and development

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Speaker 1: arm and will be sending reduction in force notices to

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Speaker 1: individual employees. The EPA says the changes will deliver seven

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Speaker 1: hundred and forty eight million dollars in savings. At the

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Speaker 1: same time, the EPA announced its creating a new Office

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Speaker 1: of Applied Science and Environmental Solutions, which it said will

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Speaker 1: allow it to prioritize research and science more than ever

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Speaker 1: before and put it at the forefront of rule makings

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Speaker 1: and technical assistance to states. After two rounds of the

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Speaker 1: Open Championship, Scottie Scheffler seven under on Friday, ten under

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Speaker 1: four the tournament. He will enter Saturday's third round with

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Speaker 1: a one shot lead. The Friday numbers on Wall Street,

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Speaker 1: the Dow lost one forty two, NASDAK gained ten, the

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Speaker 1: SMP just a tad lower. The ten year treasury yields

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Speaker 1: at four point four two percent, the two year at

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Speaker 1: three point eight seven percent. That's news when you want

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Speaker 1: it with Bloomberg News. Now, I'm in Kalggi. This is

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Speaker 1: Bloomberg