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

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Speaker 1: Doug Prisoner. Donald Trump is now the forty seventh president

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Speaker 1: of the United States, and during his inaugural address, Trump

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Speaker 1: vowed to prioritize America's interest and create a golden age

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Speaker 1: for the US.

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Speaker 2: Our safety will be restored, the scales of justice will

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Speaker 2: be rebalanced. The vicious, violent, and unfair weaponization of the

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Speaker 2: Justice Department and our government will end.

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Speaker 1: Trump also pledged to tackle inflation, secure the border, and

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Speaker 1: restore American sovereignty.

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Speaker 3: We have a government that has given unlimited funding to

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Speaker 3: the defense of foreign borders, but refuses to defend American

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Speaker 3: borders or, more importantly, its own.

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Speaker 1: People, President Trump, speaking during his inaugural address, and then

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Speaker 1: hours later, this time in the Oval Office, Trump signed

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Speaker 1: a series of executive orders, and he said he's considering

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Speaker 1: tariffs on america neighbors.

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Speaker 4: We're thinking in terms of twenty five percent on Mexico

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Speaker 4: and Canada because they're allowing vast numbers of people. Canada

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Speaker 4: is very bad abuseral, so vast numbers of people to

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Speaker 4: come in and fentanyl to come in.

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Speaker 1: That is President Trump speaking there from the Oval Office.

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Speaker 1: He also signed an executive order for the US to

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Speaker 1: withdraw from the World Health Organization.

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Speaker 5: Now.

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Speaker 1: The US is one of the largest funding sources for

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Speaker 1: the WHO, contributing nineteen percent of its total revenue. Withdrawal

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Speaker 1: could leave the whhow short of critical funding. Here is

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Speaker 1: Bloomberg's Derek Waldbank.

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Speaker 6: It's an executive order that basically brings back a guidance

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Speaker 6: that Donald Trump had in his first term to try

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Speaker 6: and get out of the WHO. It's not we're out tomorrow.

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Speaker 6: It's more, here is a pathway to get out of

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Speaker 6: the WHO.

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Speaker 1: That is Bloomberg's Derek Waldbank. There now. The move to

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Speaker 1: withdraw from the World Health Organization was widely criticized by

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Speaker 1: both health advocates and Democratic lawmakers. They called it a

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Speaker 1: political maneuver aimed at shifting blame for the first Trump

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Speaker 1: administration's disastrous response to the pandemic. He also temporarily halted

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Speaker 1: the ban on TikTok in the US. This executive order

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Speaker 1: gives the company seventy five days to reach a deal

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Speaker 1: that would resolve US national security concerns, and it suggests

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Speaker 1: that Trump might be open to a joint venture with TikTok,

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Speaker 1: as he has expressed optimism that a solution can be reached.

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Speaker 1: Here is Bloomberg Stephen Engel.

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Speaker 7: I think he's trying to find a buyer, a fifty

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Speaker 7: to fifty joint venture partner. But the problem there is

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Speaker 7: in that law that was signed by Congress, bipartisan law

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Speaker 7: in April. It requires a full divestiture of the Chinese

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Speaker 7: Steak Bite Dance as the owner. But the assumption is

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Speaker 7: that the Communist Party of China is also behind that.

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Speaker 7: So it's going to be a little bit more tricky

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Speaker 7: because Mike Johnson, the House Speaker, has already said nothing

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Speaker 7: will be accepted except full sale of the Chinese state

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Speaker 7: in TikTok.

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Speaker 1: That is Bloomberg Stephen Engel.

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Speaker 6: There.

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Speaker 1: Now there are many questions surrounding the viability of any deal,

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Speaker 1: as well as potential buyers that would include Oracle, Walmart,

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Speaker 1: and Amazon. Marco Rubio has been confirmed as US Secretary

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Speaker 1: of State. Rubio is the first of the President's nominees

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Speaker 1: to be approved by the Senate. Here is Bloomberg's Gregory Corti.

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Speaker 5: The Senate always gives deference to its own members when

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Speaker 5: they are nominated for executive jobs. Marco Rubio was a

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Speaker 5: Senator that was widely respected on both sides of the

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Speaker 5: aisle and certainly seemed to be qualified. He's knowledgeable about

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Speaker 5: foreign policy. Certainly Democrats don't agree with him on everything

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Speaker 5: on foreign policy, but the fact that he would be

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Speaker 5: the first cabinet post to be filled in this next

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Speaker 5: Trump administration not altogether surprising.

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Speaker 1: That is Bloomberg's Gregory Courtiz. Speaking there after the vote,

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Speaker 1: Rubio said ending the war Ukraine will be a top priority,

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Speaker 1: and he said he plans to begin negotiating immediately. Meantime,

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Speaker 1: President Trump has invoked emergency powers in order to boost

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Speaker 1: domestic energy production. This would include regulations on oil and

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Speaker 1: natural gas production. The actions will also target evs and

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Speaker 1: win power as well, and they will undo many of

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Speaker 1: former President Biden's climate policies. Here is Bloomberg Stephen Stepchinsky.

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Speaker 8: I think the big thing to take out of this

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Speaker 8: is he wants to use energy as a trade weapon,

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Speaker 8: and he's putting his targets not just on countries like China,

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Speaker 8: but also the EU. He wants them to buy more. Now,

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Speaker 8: how will they do that? Shipments of oil and gas

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Speaker 8: are dictated by the market. They go to the highest bidder,

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Speaker 8: but potentially he could urge the EU to buy more

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Speaker 8: through long term contracts.

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Speaker 1: That is Bloomberg Steven Stepchinsky. Now, Trump has also withdrawn

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Speaker 1: the US from the Paris Agreement, the Global Pact to

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Speaker 1: Combat Climate change. The withdrawal will reduce use US financial

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Speaker 1: support for international climate change efforts. And that is news

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Speaker 1: when you want it with Bloomberg news. Now, I'm Doug prisoner,

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Speaker 1: and this is Bloomberg