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

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Speaker 1: Doug Prisner. Tonight, President Trump said the US will need

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Speaker 1: total access to Venezuela's crude oil in order to rebuild

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Speaker 1: the country. Here is Trump speaking to reporters aboard Air

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Speaker 1: Force One.

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Speaker 2: The country is a mess. It's been horribly run. The

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Speaker 2: oil is just flowing at a very low level, much

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Speaker 2: lower than even if it was badly run. It should

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Speaker 2: have more income, more oil than what they do. So

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Speaker 2: we're going to have the big oil companies going and

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Speaker 2: they're going to fix the infrastructure, and they're going to invest.

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Speaker 2: We're not going to invest anything. We're going to just

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Speaker 2: take care of the country. You're going to cherish the country.

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Speaker 2: We're going to take care of more importantly of the people,

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Speaker 2: including Venezuelans and are living in our country that were

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Speaker 2: forced to leave their country.

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Speaker 1: Trump also told reporters that he's no longer considering a

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Speaker 1: second strike on Venezuela, and after Trump spoke, Delsi Rodriguez,

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Speaker 1: Venezuela's acting president, said the US and her country should

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Speaker 1: work toward an agenda cooperation. The capture of Maduro sparked

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Speaker 1: conversation on the Chinese social media platform Weibo. Many users

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Speaker 1: said the operation could offer a template for how Beijing

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Speaker 1: may handle tensions with Taiwan. In the past week, Chinese

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Speaker 1: President Chichinping has stepped up military pressure around Taiwan, most

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Speaker 1: recently by conducting live fire drills around the island. President

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Speaker 1: Trump says US national security officials have determined that Ukraine

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Speaker 1: did not target a residence belonging to Russian President Vladimir

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Speaker 1: Putin in a drone attack. Earlier, Russian Foreign Minister Sergei

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Speaker 1: Lavrov had claimed Ukraine launched a wave of drones at

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Speaker 1: putin state residence, although Russian defense systems were able to

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Speaker 1: defeat them. Now President Trump initially appeared to take the

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Speaker 1: Russian allegations at face value, but he later downplayed the

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Speaker 1: claim after European officials argued it was an effort by

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Speaker 1: Moscow to undermine the peace process. In North Korea, leader

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Speaker 1: Kim Jong un said he oversaw the test of hypersonic

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Speaker 1: missiles today. These tests came ahead of a planned summit

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Speaker 1: between President Chi Jenping and his South Korean counterpart Lee

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Speaker 1: J Mung, scheduled for Monday. In Switzerland, public prosecutors have

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Speaker 1: opened a criminal investigation into the operators of La Constellation

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Speaker 1: bar at the crom Montanas ski resort after a fatal

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Speaker 1: fire broke out New Year's Eve, Falay. Attorney General Beatrice

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Speaker 1: Pollude is working on the investigation.

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Speaker 3: There will be a possibility to examine whether there is

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Speaker 3: any criminal liability involving individuals. If this is indeed the

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Speaker 3: case and these individuals are still alive, an investigation will

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Speaker 3: be opened against them for negligent arson, negligent homicide and

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Speaker 3: negligent bodily hunt.

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Speaker 1: Incidentally, a mass was held today for the victims of

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Speaker 1: that fire, many of whom were teenagers. In Berlin, a

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Speaker 1: power outage is being blamed on a politically motivated attack.

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Speaker 1: High voltage lines were damaged by a fire, and city

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Speaker 1: officials say it was the result of left wing extremists.

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Speaker 1: Forty five thousand homes were affected, and this incident is

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Speaker 1: now being investigated as a possible active arson. Authorities are

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Speaker 1: comparing it to a similar power outage last September in Berlin,

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Speaker 1: where radical activists claimed responsibility. The American labor market will

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Speaker 1: be in focus this week as we enter a full

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Speaker 1: week of trading in twenty twenty six. We have more

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Speaker 1: from Bloomberg's Karen Moscow.

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Speaker 4: It all begins Monday with the ISM Manufacturing Purchasing Managers Index,

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Speaker 4: which may have gotten some support from its employment sub indecks.

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Speaker 4: According to Bloomberg Economics, we'll get a look at private

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Speaker 4: payrolls from ADP on Wednesday, as well as the Joelt's

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Speaker 4: jobs are port US, factory orders and ISM services. Thursday

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Speaker 4: is the weekly report on initial jobless claims as well

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Speaker 4: as wholesale inventories, and Friday is the December jobs report.

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Speaker 4: Will also get consumer sentiment and housing starts. Karen Moscow

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Speaker 4: Bloomberg Radio.

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Speaker 1: The luxury retailer Sachs is now in talks fi a

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Speaker 1: one billion dollar bankruptcy loan to keep its stores open,

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Speaker 1: and the company said that its CEO, Mark Metric, is

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Speaker 1: stepping down more from Bloomberg's Charlie Pellett.

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Speaker 5: According to the statement, Metric will be replaced by the

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Speaker 5: department store Chains executive chairman Richard Baker. Baker will hold

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Speaker 5: both the CEO and chairman roles. The statement said Metric

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Speaker 5: is leaving the company in order to pursue new opportunities.

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Speaker 5: The change comes as sex Ways a potential bankruptcy after

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Speaker 5: struggling financially over the past year, despite raising billions of

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Speaker 5: dollars from investors to finance a turnaround plan centered on

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Speaker 5: the acquisition of Nieman Marcus in New York, Charlie Pellett

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Speaker 5: Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner, and this is Bloomberg