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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner.

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Speaker 1: We begin in New York, where Governor Kathy Hokeel said

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Speaker 1: she does not plan to remove New York City Mayor

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Speaker 1: Eric Adams. Instead, Hokel will push for increased oversight of

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Speaker 1: city Hall now that will include a state level Deputy

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Speaker 1: Inspector General position, as well as more legal power for

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Speaker 1: non mayoral officials. Here's Hokel.

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Speaker 2: I want to spell out my immediate objectives. Number one,

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Speaker 2: to stabilize the city and restore comm Number two, ensure

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Speaker 2: that all services for our residents continue without disruption, and

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Speaker 2: three to take steps to make sure our leaders are

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Speaker 2: operating only with the city's best interest in mind, unimpeded

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Speaker 2: by any legal agreements with the Trump Justice Department.

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Speaker 1: That is New York Governor Kathy Hokeel, speaking earlier to reporters. Meantime,

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Speaker 1: the calls for Mayor Adams to leave office have intensified.

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Speaker 1: All of this comes after the Department of Justice directed

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Speaker 1: federal prosecutors in Manhattan to drop their pending bribery case

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Speaker 1: against the mayor. Now, Adams has refused calls to step down,

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Speaker 1: and he is planning to seek reelection. Yesterday, a district

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Speaker 1: judge delayed the ruling on those corruption charges against Adams.

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Speaker 1: Brad Lander is the New York City comptroller. He questioned

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Speaker 1: where Adam's loyalty lies.

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Speaker 3: New Yorkers are asking the question, does the mayor work

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Speaker 3: for us? Or does he work for Donald Trump? And

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Speaker 3: that's why we really need Judge Hoe to say he's

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Speaker 3: not going to allow the Justice Department to turn this

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Speaker 3: prosecution into a sort of damocles hanging over Eric adams head.

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Speaker 1: That is Brad Lander, the New York City Comptroller, speaking

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Speaker 1: earlier to Bloomberg. Earlier tonight, President Trump addressed a gathering

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Speaker 1: of Republican governors in Washington. He talked about the work

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Speaker 1: his new administration has done during its first month, and

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Speaker 1: he also teased some company announcement without giving too many detail.

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Speaker 1: Here's Trump our nation.

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Speaker 4: I think it's going to be a very exciting time.

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Speaker 4: We have tremendous potential. I have been called by every company.

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Speaker 4: Brian just told me about a big one that's going

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Speaker 4: to be moving in in a very big way.

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Speaker 1: That was President Trump speaking there. Earlier today, Hamas released

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Speaker 1: the bodies of four Israeli hostages, and they included two

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Speaker 1: young children who were long feared dead. The Israeli military

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Speaker 1: said another body released by Hamas was not the boy's mother.

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Speaker 1: Hamas militants had turned over the bodies under a tenuous

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Speaker 1: ceasefire after over fifteen months of war. President Trump says

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Speaker 1: a new trade deal with China is possible despite the

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Speaker 1: latest round of tariffs on Chinese imports. Now on Friday,

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Speaker 1: Treasury Secretary Scott Besant will have his first call with

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Speaker 1: his Chinese counterpart.

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Speaker 5: China is the most unbalanced economy in the history of

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Speaker 5: the world, and they are trying to export their way

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Speaker 5: out of what is a very serious recepsion. And the

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Speaker 5: rest of the world can't do that. They can't dump

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Speaker 5: Chinese goods. They are going to have to rebalance their economy.

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Speaker 1: That is Treasury Secretary Scott Besson, speaking earlier to Bloomberg.

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Speaker 1: He went on to say that he's planning to skip

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Speaker 1: the G twenty Finance Minister's meeting in South Africa next week,

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Speaker 1: and he thinks that China will do the same.

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Speaker 5: By the way, you.

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Speaker 1: Can hear the full conversation on the Bloomberg Talks podcast feed.

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Speaker 1: It's available wherever you get your podcast Walmart issued a

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Speaker 1: disappointing forecast today for the full year. The retailer is

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Speaker 1: expecting overall net sales growth in a range of between

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Speaker 1: three percent to four percent. Now that compares with five

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Speaker 1: percent growth from the last fiscal year. Here is Bloomberg's

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Speaker 1: Emily Cone.

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Speaker 6: This was a consistent guidance, in line with what they

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Speaker 6: laid out last year for the full year as well,

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Speaker 6: But it definitely signaled that the world's largest retailer, Walmart,

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Speaker 6: isn't immune to the risks that are out there for

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Speaker 6: the broader economic environment.

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Speaker 1: Bloomberg's Emily Cone. There, you can bet that is true

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Speaker 1: because on the call with analyst, Walmart execs acknowledged there

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Speaker 1: are still uncertainties related to consumer behavior and global economic

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Speaker 1: and geopolitical concerns as well. Walmart shares were down six

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Speaker 1: and a half percent today. Pepsi COO is eliminating some

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Speaker 1: roles at its US foods division. The company's taking these

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Speaker 1: steps and basically saying it will make it more efficient

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Speaker 1: and consumer centric in North America. Pepsi also saying this

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Speaker 1: is part of a multi year plan to drive growth.

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Speaker 1: Although the company did decline to say how many employees

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Speaker 1: will be impacted. Coca Cola is warning that policies leading

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Speaker 1: to a less diverse global workforce pose a potential risk

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Speaker 1: to the company's business going forward. Now, Coca Cola has

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Speaker 1: not commented on changing its DEI policies. However, the company

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Speaker 1: did say it will follow any changes in regulation at

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Speaker 1: the national level. And that is news when you want it.

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Speaker 1: With Bloomberg News Now, I'm Derek Prisner, and this is

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Speaker 1: Bloomberg New