WEBVTT - Seahawks Win Super Bowl; China to Curb US Treasury Exposure

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with Super Bowl sixty. The Seattle Seahawks

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<v Speaker 3>beat the New England Patriots twenty nine to thirteen for

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<v Speaker 3>the franchise's second NFL title. For the details, we bring

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<v Speaker 3>in Bloomberg's John stash Hour.

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<v Speaker 4>John.

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<v Speaker 5>All right, Nathan, thank you. There's that old sports cliche

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<v Speaker 5>offense wins games, defense wins championships. It was the Seattle

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<v Speaker 5>defense that carried them to the victory in Super Bowl

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<v Speaker 5>sixty and Santa Clair. In fact, the Seahawks defense scored

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<v Speaker 5>as many touchdowns as their offense.

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<v Speaker 6>The Patriots have a first down and the clock is

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<v Speaker 6>ticking at four thirty eight, and they trailed twenty two

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<v Speaker 6>to seven. Shot Gun snap forty four Seattle. He's ben

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<v Speaker 6>as he dropped the the.

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<v Speaker 7>Ball brief picked up by long few running down the

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<v Speaker 7>five thirty twenty ten five.

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<v Speaker 5>Touchdown that we won. The call of one of three

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<v Speaker 5>second half turnovers by Patriots quarterback Drake May. He got

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<v Speaker 5>sacked six times. New England through the first three quarters

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<v Speaker 5>had only five first downs and only seventy eight yards

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<v Speaker 5>of offense. The Seahawks won twenty nine thirteen, winning back

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<v Speaker 5>Kenneth Walker with one hundred and thirty five yards named

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<v Speaker 5>Super Bowl MVP. Much work coming up in sports. John

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<v Speaker 5>Stash I, we're Bloomberg Radio Care and we.

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<v Speaker 2>Look at markets now. Nathan Bloomberg has learned that Chinese

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<v Speaker 2>regulators have advised financial institutions to reign in their holdings

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<v Speaker 2>of US treasury, citing concerns over concentration risks and market volatility.

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<v Speaker 2>The guidance, which was communicated verbally to some of the

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<v Speaker 2>biggest Chinese banks in recent weeks, reflects growing weariness among

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<v Speaker 2>officials that large holdings of US government debt may expose

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<v Speaker 2>banks two sharp swings. Bloomberg's Mark Crinfield covers Asian markets

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<v Speaker 2>for Bloomberg News.

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<v Speaker 8>The Chinese authorities are warning their banks at home. If

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<v Speaker 8>you have got treasury holdings at the moment, or US

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<v Speaker 8>bonds in general, prepare for a lot more of a

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<v Speaker 8>relativity possible step and you might not be the only ones.

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<v Speaker 8>Don't be the last one out of the gate, because

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<v Speaker 8>once the bolla and bond start to move, it could

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<v Speaker 8>be pretty big. In these situations where treasuries haven't moved

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<v Speaker 8>a great deal over the past few weeks, all the

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<v Speaker 8>tendacy could increase very quickly. Nobody wants to be the

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<v Speaker 8>last person through the exit door.

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<v Speaker 2>Bloomer's Mark Cranfield says the move was framed around a

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<v Speaker 2>diversifying market risk rather than anything to do with geopolitical

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<v Speaker 2>maneuvering or a fundamental loss of confidence in US credit

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<v Speaker 2>worthiness and.

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<v Speaker 3>Staying in Asia. Karen Japan's Prime Minister Sunday Atakaichi secured

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<v Speaker 3>a historic election triumph, marking her as the most powerful

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<v Speaker 3>leader in Japan's post war era. Takaichi's Liberal Democratic Party

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<v Speaker 3>one a two thirds super majority in Sunday's lower House.

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<v Speaker 3>Election analysts say would be a clear mandate for Takaichi

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<v Speaker 3>to use fiscal stimulus to break a long standing deflationary cycle.

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<v Speaker 3>Treasury Secretary Scott Besson spoke about the election on Fox News'

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<v Speaker 3>Sunday Morning Futures Japan.

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<v Speaker 9>The Prime minister called a snap election the quickest apple

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<v Speaker 9>election in Japanese history, and boy has she had a

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<v Speaker 9>big victory today. She's going to have two thirds majority

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<v Speaker 9>in the upper House. President Trump in doorst last week

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<v Speaker 9>she is a great ally great relationship with the President,

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<v Speaker 9>and when Japan is strong, the US is strong in Asia.

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<v Speaker 3>That was Treasury Secretary Scott Bessant on Fox News. Later

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<v Speaker 3>on x Takaichi said she's looking forward to visiting the

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<v Speaker 3>White House in the spring to strengthen the Japan US

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<v Speaker 3>alliance in.

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<v Speaker 2>The UK and Nathan Keir Starmer's future is in the

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<v Speaker 2>balance after a crisis over the appointment of Peter Mandelssohn

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<v Speaker 2>as ambassador to Washington, claimed the Prime Minister's closest aid

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<v Speaker 2>we head to London. Now get the latest of Bloomberg's

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<v Speaker 2>James Who Wilcock James, good Morning.

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<v Speaker 10>Good morning, Karen. Nathan the Prime Minister meets his Labour

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<v Speaker 10>party mall makers tonight, as his aides tell Bloomberg they

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<v Speaker 10>are bracing for some U Stamas senior ministers to walk

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<v Speaker 10>into Number ten Downing Street and threaten to quit unless

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<v Speaker 10>he steps down. Eighteen months after winning a landslide majority,

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<v Speaker 10>the UK leader's job is on a knife edge. It

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<v Speaker 10>wasn't supposed to be this way, but a series of

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<v Speaker 10>policy U turns, uplomenting popularity and now fallout from the

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<v Speaker 10>Epstein saga has changed the narrative around this Prime minister.

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<v Speaker 10>Now in markets and in Westminster, many are asking if

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<v Speaker 10>his days are numbered. In London, James Wilcock Bloomberg Radio.

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<v Speaker 3>All right, James, thank you. Iran's president Massud Pezeshkian described

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<v Speaker 3>Friday's nuclear talks with the US as a step forward.

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<v Speaker 3>In an online post. The leader said dialogue has always

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<v Speaker 3>been Iran's strategy, but he added the regime would not

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<v Speaker 3>be intimidated. In recent weeks, President Trump has moved large

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<v Speaker 3>amounts of military power to the Middle East and threatened strikes.

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<v Speaker 3>The President called Friday's talks quote very good and said

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<v Speaker 3>another meeting is set for early this week.

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<v Speaker 2>And Washington, Nathan lawmakers have less than a week to

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<v Speaker 2>reach an agreement on reigning and immigration enforcement before funds

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<v Speaker 2>run out for the Department of Homeland Security. House Minority

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<v Speaker 2>Leaderhikim Jeffrey says Democrats won't give in on any of

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<v Speaker 2>their demands on border patrol and immigration and customs enforcement.

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<v Speaker 4>We know that ICE is completely and totally out of control.

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<v Speaker 4>They've gone way too far and the American people want

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<v Speaker 4>them reigned in.

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<v Speaker 2>House Minority Leader HOCKEYM. Jeffries discussed democrats lists of ten

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<v Speaker 2>proposed restrictions on CNN State of the Union. Republican Congressman

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<v Speaker 2>Tony Gonzalez of Texas says some demands like body cameras

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<v Speaker 2>make sense, but he says Republicans will not give in

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<v Speaker 2>on other proposals.

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<v Speaker 11>I'll tell you what's not going to be in there.

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<v Speaker 11>Amnesty for illegue aliens. I'll tell you what's not going

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<v Speaker 11>to be there, Stripping away protections for law enforcement officers

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<v Speaker 11>that are trying to protect themselves. If writers get to

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<v Speaker 11>wear masks, then law enforcement gets some wear masks.

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<v Speaker 2>Texas Republican Tony Gonzalez appeared on CBS's Face the Nation,

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<v Speaker 2>which you can hear every Sunday on Bloomberg Radio. If

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<v Speaker 2>Congress can't reach a deal by Friday night at DHS

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<v Speaker 2>shutdown would affect Customs and Border Protection FEMA, the Transportation

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<v Speaker 2>Security Administration, and the Coastguard. ICE would still have seventy

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<v Speaker 2>five billion dollars in funds from President Trump's tax and

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<v Speaker 2>spending cut law.

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<v Speaker 3>Caring the Trump administration plans to appeal a temporary court

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<v Speaker 3>order blocking the federal government from withholding funds for a

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<v Speaker 3>sixteen billion dollar rail tunnel under the Hudson River between

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<v Speaker 3>New York and New Jersey. The Gateway Development Commission is

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<v Speaker 3>building the new tunnel, but had to stop construction late

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<v Speaker 3>Friday because it has exhausted all its funding resources. New

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<v Speaker 3>York and New Jersey sued the administration in federal court

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<v Speaker 3>after Gateway filed its own lawsuit in an effort to

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<v Speaker 3>unlock more than two hundred and five million dollars of

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<v Speaker 3>federal funds. In the Court of Federal Claims. On Friday,

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<v Speaker 3>a federal judge sided with the States and ordered the

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<v Speaker 3>Trump administration to release the funds.

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<v Speaker 2>Well Nathan. In a message posted to social media this

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<v Speaker 2>week and today's show anchor Savannah Guthrie addressed whoever is

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<v Speaker 2>holding her mother. She appeared alongside her siblings, and Guthrie

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<v Speaker 2>said they will pay ransom for her return.

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<v Speaker 12>We received your message, understand. We beg you now to

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<v Speaker 12>return our mother to us so that we can celebrate

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<v Speaker 12>with her. This is the only way we will have peace.

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<v Speaker 12>This is very valuable to us.

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<v Speaker 4>And we will pay.

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<v Speaker 2>Investigators believe Nancy Guthrie was taken against her will last

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<v Speaker 2>weekend from her home just outside Tucson. DNA test show

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<v Speaker 2>blood on Guthrie's front porch was a match to her.

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<v Speaker 2>That is according to the Pima County Sheriff Chris Nanos.

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<v Speaker 3>And in company news Karen Novo Nordisk's shares are surging

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<v Speaker 3>this morning. They're up more than eight percent, reversing some

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<v Speaker 3>of last week's plunge. That's after Hymns and Hers Health

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<v Speaker 3>pulled a copycat version of the new Wagovi weight loss pill.

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<v Speaker 3>Hims and Hers says it'll stop offering the treatment. It

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<v Speaker 3>said so in a post on X on Saturday, that

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<v Speaker 3>was a day after the Food and Drug Administration pledged

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<v Speaker 3>to crack down on copycat weight loss drugs. HIMS and

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<v Speaker 3>Hers shares in the pre market are down nearly fifteen percent.

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<v Speaker 2>Time now for look at some of the other stories

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<v Speaker 2>making news in New York and around the world, and

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<v Speaker 2>for that we're joined by Bloomberg's Michael Barr. Michael, Good Morning, Good.

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<v Speaker 4>Morning, Karen. The Seahawks beat the Patriots twenty nine to thirteen,

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<v Speaker 4>but one of the most talked about moments of Super

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<v Speaker 4>Bowl sixty appeared to come from the halftime headliner Bad Bunny.

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<v Speaker 4>The halftime performance was a piece of history, with Bad

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<v Speaker 4>Bunny becoming the first Spanish language artist to headline the

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<v Speaker 4>show good.

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<v Speaker 2>Son.

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<v Speaker 4>President Trump said his dislike of Bad Bunny was the

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<v Speaker 4>chief reason he opted not to attend Super Bowl sixty,

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<v Speaker 4>but for many fans, Bad Bunny was the number one

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<v Speaker 4>reason they were there. Senior Nielsen VP Stay CD armists the.

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<v Speaker 12>Latino fan base is set to grow with the NFL,

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<v Speaker 12>and Nielsen data tells us things are lined up perfectly

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<v Speaker 12>for a win.

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<v Speaker 4>Kid Rock was the headliner at the conservative alternative to

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<v Speaker 4>Bad Bunny's main event at the Super Bowl last night.

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<v Speaker 4>Turning Point USA's All American halftime show was streamed during

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<v Speaker 4>the concert. There are renewed concerns about press freedom in

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<v Speaker 4>Hong Kong and beyond after Jimmy Lai, the seventy eight

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<v Speaker 4>year old pro democracy, former media tycoon and a fierce

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<v Speaker 4>critic of Beijing, is sentenced to twenty years in prison.

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<v Speaker 4>Lai was prosecuted under China's National Security Law. The list

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<v Speaker 4>of Republicans criticizing President Trump for the video that depicted

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<v Speaker 4>former President Barack Obama and former First Lady Michelle Obama

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<v Speaker 4>in a racist meme is growing. From Senator Tim Scott

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<v Speaker 4>of South Carolina, the Senate's only black Republican to dozens

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<v Speaker 4>of other members of Congress. There is condemnation for posting

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<v Speaker 4>it in the first place, and calls for a public apology.

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<v Speaker 4>Mark Morel, president of the National Urban League, says this

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<v Speaker 4>is beyond how a world leader should behave.

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<v Speaker 13>It doesn't surprise me that he wouldn't take responsibility, and

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<v Speaker 13>the fact that he would not very quickly take responsibility

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<v Speaker 13>and say it was wrong is why the Congress, by

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<v Speaker 13>joint resolution should condemn this.

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<v Speaker 4>The Urban League's Mark Moreel is also calling on religious

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<v Speaker 4>leaders to tell President Trump to apologize. Global news twenty

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<v Speaker 4>four hours a day and whenever you want it with

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<v Speaker 4>Bloomberg News Now Michael Barr and this is Bloomberg Karen.

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<v Speaker 2>Ray, Michael Barr, thank you time now for the Bloombergy

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<v Speaker 2>Sports update is brought to you by Flushing Bank. And

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<v Speaker 2>for that we bring back John stash Our, John, good morning.

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<v Speaker 5>Yeah, thanks Karen. Super Bowl sixty dominated by the defenses.

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<v Speaker 5>It wasn't until the fourth quarter that anyone got into

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<v Speaker 5>the end zone.

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<v Speaker 6>Darnald under center five at the defensive line. He gets

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<v Speaker 6>the staff current, Blight picks the hand off her comps.

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<v Speaker 3>To blitz Biergos.

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<v Speaker 5>The throllers both hoop.

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<v Speaker 7>Zone, good Quoder to hover the shutter cat for the

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<v Speaker 7>cutter of the uncold, and we got a first touchdown.

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<v Speaker 7>All Super Bowl sixty West.

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<v Speaker 5>Been one on the call no tds first three quarters

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<v Speaker 5>and then four in a span of eleven minutes, two

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<v Speaker 5>for each team that Sam Donald td bass, followed by

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<v Speaker 5>two from Drake May, but he also threw a forty

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<v Speaker 5>five yard six six. May had three second half turnovers,

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<v Speaker 5>He got sacked six times in the game, and Donald

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<v Speaker 5>of the Seahawks beat the Patriots twenty nine to thirteen.

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<v Speaker 5>Donald the Super Bowl winner after a rough first six

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<v Speaker 5>years of his career, when he was considered be an

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<v Speaker 5>NFL bust.

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<v Speaker 14>I told my me and my dad don't really cry

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<v Speaker 14>very often. And you know, I told my dad, I was, uh,

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<v Speaker 14>you know, and my mom, but you know, just I was.

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<v Speaker 2>I was.

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<v Speaker 14>I'm here because of their belief in me. And they

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<v Speaker 14>believed in me throughout my entire career. And I think

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<v Speaker 14>that's why I was able to believe in myself almost

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<v Speaker 14>at nausea.

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<v Speaker 5>And Donald his last two seasons won thirty one game.

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<v Speaker 5>Seahawks now two and two in their her history and

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<v Speaker 5>Super Bowls. The Patriots are now six and six. The

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<v Speaker 5>next weekend began with that thirty eight point loss in Detroit,

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<v Speaker 5>with then a twenty two point win in Boston to

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<v Speaker 5>tie them with the Celtics for second place in these.

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<v Speaker 5>Jalen Brunson, who shot four for twenty on Friday this time,

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<v Speaker 5>scored thirty one. The Dolphin Phoenix won by American and

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<v Speaker 5>Chris got her up in a playoff with Adeki matsu Yam.

0:12:19.640 --> 0:12:20.679
<v Speaker 5>It's already his second.

0:12:20.400 --> 0:12:20.960
<v Speaker 4>Win of the year.

0:12:21.240 --> 0:12:23.480
<v Speaker 5>Two gold medals for the US and the Olympics. Breezy

0:12:23.559 --> 0:12:26.280
<v Speaker 5>Johnson the women's downhill, only the second American to win it.

0:12:26.559 --> 0:12:29.800
<v Speaker 5>The other was Lindsay Von sixteen years ago. She crashed

0:12:30.200 --> 0:12:34.040
<v Speaker 5>fourteen seconds. In nine days after Von tore racl she

0:12:34.080 --> 0:12:36.079
<v Speaker 5>broke her leg in a repeat gold for the US

0:12:36.080 --> 0:12:38.679
<v Speaker 5>and teen figure skating. John Stashy I went at Bloomberg

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<v Speaker 5>Sports Karen Nate.

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<v Speaker 2>Stay with us. More from Bloomberg day Break coming up

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<v Speaker 2>after this.

0:12:49.040 --> 0:12:53.200
<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:12:53.360 --> 0:12:56.200
<v Speaker 1>and around the world on Bloomberg dot Com and the

0:12:56.240 --> 0:12:59.240
<v Speaker 1>Bloomberg Business opp This is Bloomberg Daybreak.

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<v Speaker 3>Good Morning, Van Hager, Treasury yields are rising across the

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<v Speaker 3>curve this morning, with sources telling Bloomberg News the Chinese

0:13:04.920 --> 0:13:08.199
<v Speaker 3>regulators are urging the country's banks to limit their exposure

0:13:08.320 --> 0:13:11.480
<v Speaker 3>to US government debt. People familiar are saying they're citing

0:13:11.480 --> 0:13:15.079
<v Speaker 3>concerns over concentration risks and market volatility. For more, We're

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<v Speaker 3>joined by Sylvia west All, Bloomberg News Managing director for

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<v Speaker 3>FX and Race. She's in our London newsroom this morning. Sylvia,

0:13:21.200 --> 0:13:24.320
<v Speaker 3>good morning. How significant could this Chinese warning be for

0:13:24.480 --> 0:13:25.359
<v Speaker 3>US treasuries?

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<v Speaker 15>I think the timing is quite interesting. I mean, why,

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<v Speaker 15>you know, they did frame this around diversifying risk, but

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<v Speaker 15>there has been this sort of recent global trend that's

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<v Speaker 15>seen India and Brazil lower their exposure to treasuries and

0:13:40.160 --> 0:13:42.880
<v Speaker 15>growing doubts kind of about the appeal of US assets.

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<v Speaker 15>You've had Trump's threats over Greenland, You've had just general

0:13:46.840 --> 0:13:50.079
<v Speaker 15>on needs there, and that's spurred the hunt for alternative

0:13:50.120 --> 0:13:54.000
<v Speaker 15>assets such as gold. Although overall, I think, you know,

0:13:55.480 --> 0:13:58.080
<v Speaker 15>we have to look at the bigger picture here and overseas.

0:13:58.080 --> 0:14:01.440
<v Speaker 15>Holdings of treasuries actually in November to the highest level

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<v Speaker 15>on record. That's the most recent data we have so

0:14:03.800 --> 0:14:06.800
<v Speaker 15>we have countries like Norway, Canada, and Saudi Arabia offsetting

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<v Speaker 15>some of the countries, including China, that have have sort

0:14:10.000 --> 0:14:14.320
<v Speaker 15>of let let let treasuries go. And overall last year

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<v Speaker 15>as well, treasuries had their best returns for a long time,

0:14:17.960 --> 0:14:21.560
<v Speaker 15>and the particularly well compared to other peers. So it

0:14:21.560 --> 0:14:23.840
<v Speaker 15>was actually quite a good time to hold treasuries last year,

0:14:24.560 --> 0:14:27.400
<v Speaker 15>whether you were you know, domestic or foreign investor. So

0:14:27.880 --> 0:14:30.000
<v Speaker 15>there's a there's a sort of broader picture here to tell,

0:14:30.040 --> 0:14:32.120
<v Speaker 15>but definitely in terms of timing, in terms of what

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<v Speaker 15>it says symbolically, it's an important shift.

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<v Speaker 3>And part of this timing is Treasury Secretary Scott bess

0:14:37.000 --> 0:14:41.160
<v Speaker 3>And on Fox News yesterday saying that Chinese traders could

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<v Speaker 3>be part of the reason why we saw the volatility

0:14:43.440 --> 0:14:46.480
<v Speaker 3>in gold last week. Does this point to a new

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<v Speaker 3>tension point between the US and China.

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<v Speaker 15>It's definitely been something whenever the US has had tensions

0:14:51.560 --> 0:14:53.720
<v Speaker 15>with countries around the world that treasuries have come up,

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<v Speaker 15>because of course, so much of you know, the huge

0:14:56.480 --> 0:15:00.840
<v Speaker 15>amounts of US that are held overseas. I think I

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<v Speaker 15>guess the question mark is, you know what kind of

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<v Speaker 15>comes into the FED and what his outlook is. I

0:15:07.000 --> 0:15:08.520
<v Speaker 15>do think we're probably going to see more of this

0:15:08.520 --> 0:15:10.400
<v Speaker 15>back and forth going forward if you kind of look

0:15:10.400 --> 0:15:12.840
<v Speaker 15>at what the sort of signals that are being sent

0:15:12.920 --> 0:15:14.800
<v Speaker 15>and the timing of it as well, given the sort

0:15:14.800 --> 0:15:18.360
<v Speaker 15>of question marks over over US assets coming. So, I

0:15:18.360 --> 0:15:21.960
<v Speaker 15>think we're in for a period of volatility in different countries,

0:15:21.960 --> 0:15:23.840
<v Speaker 15>and different people might blame one or the other, but

0:15:23.880 --> 0:15:26.400
<v Speaker 15>I think what's certain is that you know, in this

0:15:26.480 --> 0:15:28.920
<v Speaker 15>time of volatility, people might try and hold their positions

0:15:29.040 --> 0:15:31.400
<v Speaker 15>and see where things where things go. That's definitely what

0:15:31.480 --> 0:15:33.360
<v Speaker 15>we saw towards the end of the year with treasuries.

0:15:33.640 --> 0:15:36.920
<v Speaker 15>Many of the big investment houses held firm on their

0:15:36.920 --> 0:15:40.080
<v Speaker 15>calls and held onto their what they were doing because

0:15:40.120 --> 0:15:41.680
<v Speaker 15>there was so much uncertainty out there.

0:15:43.120 --> 0:15:46.600
<v Speaker 2>This is Bloombery Daybreak, your morning podcast on the stories

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