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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. We begin in Los Angeles, where a wildfire

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Speaker 1: is spreading rapidly forty miles north of the city and

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Speaker 1: it's threatening one of California's main freeways, Interstate five. This

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Speaker 1: is the Hughes Fire. It began late Wednesday morning and

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Speaker 1: quickly spread to more than nine thousand acres. Here is

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Speaker 1: Los Angeles County Fire Chief Anthony Moroni.

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Speaker 2: The situation remains dynamic and the fire remains a difficult

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Speaker 2: fire to contain, although we are getting the upper hand.

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Speaker 1: That is Los Angeles County Fire Chief Anthony Moroni. More

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Speaker 1: than fifty thousand people are under evacuation orders as the

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Speaker 1: result of the Hughes Fire. Meantime, fire crews are still

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Speaker 1: battling the Palisades Fire and the Eton Fire, both of

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Speaker 1: which began just over two weeks ago. President Trump says

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Speaker 1: he will not rule out cutting off federal funding to

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Speaker 1: California due to what he says is mismanagement. Trump cited

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Speaker 1: the ongoing wildfire, along with a water situation in Los Angeles,

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Speaker 1: as well as sanctuary city policies that don't comport with

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Speaker 1: federal law. Here is Trump, speaking earlier to Fox News

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Speaker 1: Channels Hannity.

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Speaker 3: How is it possible that you're not allowing this water

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Speaker 3: they diverted out of the Pacific Ocean where it drops

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Speaker 3: into the ocean and in order. It's like it's like

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Speaker 3: nothing to the Pacific Ocean. It's like it's like two

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Speaker 3: glasses of water. It's nothing. Millions of gallons of water

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Speaker 3: is diverted way up north in California into the Pacific Ocean.

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Speaker 1: It's President Trump, speaking on Fox News Channel's Hannity. Trump

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Speaker 1: also downplayed the national security risk post by TikTok. He

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Speaker 1: suggested that all electronic products made in China could carry

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Speaker 1: spying risk. Secretary of State Marco Rubio is planning to

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Speaker 1: travel to Panama as soon as next week. We are

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Speaker 1: told it would be part of a trip to Latin

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Speaker 1: America and include Guatemala, El Salvador, and Costa Rica. Now,

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Speaker 1: this trip would be Rubio's first since he was sworn

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Speaker 1: in on Tuesday as Secretary of State, and it would

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Speaker 1: underscore President Trump's focus on stopping undocumented migration that runs

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Speaker 1: through Central America. The House has passed the Lake and

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Speaker 1: Riley Act, named after the Georgia woman who was murdered

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Speaker 1: by an undocumented migrant. This legislation allows the detention of

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Speaker 1: undocumented immigrants accused of theft related crimes. It also allows

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Speaker 1: states attorneys general to sue the federal government over immigration policy.

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Speaker 1: Republican Senator Katie Britt of Alabama is celebrating passage of

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Speaker 1: the bill.

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Speaker 4: We have lost a number of lives across our country.

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Speaker 5: So whether it's from funahl overduces, or whether it is

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Speaker 5: the tragedy that occurred to Lincoln Riley or Rachel Marin

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Speaker 5: or Jocelyn Nungary, or its countless number of people.

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Speaker 4: And so today we said we hear you to the

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Speaker 4: American people, and we only hear you, but we've sprung

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Speaker 4: into action.

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Speaker 1: That is Republican Senator Katie Britt, Alabama. It was last

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Speaker 1: week that Senate Republicans passed the measure with support of

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Speaker 1: twelve Democratic colleagues. Now this legislation will be the first

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Speaker 1: bill sent to President Trump to sign into law after

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Speaker 1: his return to the White House. Earlier in the week,

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Speaker 1: President Trump, being time, stepped up pressure on Russia to

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Speaker 1: negotiate an end to war in Ukraine. Trump threatened financial

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Speaker 1: penalties if Russia refuses to conclude fighting swiftly. Separately, Ukraine's

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Speaker 1: President Voladimir Zelensky said any effective peacekeeping force in his

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Speaker 1: country must include US troops. Zelensky spoke with Bloomberg at

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Speaker 1: the World Economic Forum. Here he is speaking through a translator.

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Speaker 6: President Trump is now on top, as they say, he

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Speaker 6: had a strong victory in the elections and is now

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Speaker 6: taking steps directed at internal politics. The issue of ending

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Speaker 6: the war in Ukraine must be I believe the victory

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Speaker 6: for Trump and not for Putin. Putin is nobody for him.

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Speaker 6: America is way stronger, and Europe is way stronger. China

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Speaker 6: is way stronger than Russia. They are all players.

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Speaker 1: That is Ukrainian President Volodimir Zelenski speaking through a translator

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Speaker 1: at the World Economic Forum. By the way, he did

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Speaker 1: bristle at the idea floated Tuesday that the military backing

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Speaker 1: of his European allies would be sufficient. So as the

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Speaker 1: world's financial elite gathers in Davos, President Trump is planning

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Speaker 1: to address the forum tomorrow by video link. We have

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Speaker 1: a preview from Bloomberg's Amy Morris.

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Speaker 2: People are optimistic in pockets. New York Stock Exchange President

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Speaker 2: Lynn Martin at Davos says, most everyone there is already

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Speaker 2: optimistic about the Trump administration, but they do have some questions.

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Speaker 2: The geopolitical landscape is probably the biggest one, tariff's in particular,

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Speaker 2: and obviously the knock on effect of questions around tariffs

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Speaker 2: is going to be inflation. The Forum says President Trump

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Speaker 2: will address the gathering that will be followed by a

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Speaker 2: dialogue Amy Morris, Bloomberg Radio.

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

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Speaker 1: Now I'm Doug Prisoner and this is blumbered