1
00:00:01,639 --> 00:00:04,880
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:04,880 --> 00:00:08,760
Speaker 1: in Kleggi. New York's controversial plan to charge drivers entering

3
00:00:08,760 --> 00:00:12,000
Speaker 1: Manhattan's Central Business District was cleared by a federal judge

4
00:00:12,039 --> 00:00:14,880
Speaker 1: to take effect Sunday, in a blow to efforts by

5
00:00:14,920 --> 00:00:18,319
Speaker 1: neighboring New Jersey to kill the congestion toll. Judge Leo

6
00:00:18,400 --> 00:00:21,320
Speaker 1: Gordon on Friday rejected New Jersey's request for a pause

7
00:00:21,560 --> 00:00:25,119
Speaker 1: while the Federal Highway Administration responds to the judge's order

8
00:00:25,320 --> 00:00:28,320
Speaker 1: for more information on the plan's potential impact on traffic

9
00:00:28,360 --> 00:00:31,840
Speaker 1: patterns and pollution in the Garden State. The ruling, issued

10
00:00:31,840 --> 00:00:34,760
Speaker 1: after an extended hearing in Newark, caps a high stakes

11
00:00:34,840 --> 00:00:37,920
Speaker 1: showdown between the two states, with billions of dollars in

12
00:00:37,960 --> 00:00:41,040
Speaker 1: toll revenue on the line from modernizing New York's more

13
00:00:41,080 --> 00:00:44,599
Speaker 1: than century old transit system. It comes after a detailed

14
00:00:44,600 --> 00:00:48,120
Speaker 1: decision Monday in which Gordon dismissed most of New Jersey's concerns,

15
00:00:48,440 --> 00:00:51,279
Speaker 1: but ordered the US to provide the extra information by

16
00:00:51,360 --> 00:00:55,640
Speaker 1: January seventeenth and set deadlines for further court filings into February.

17
00:00:56,320 --> 00:00:58,960
Speaker 1: A New York judge has rejected Donald Trump's request to

18
00:00:59,000 --> 00:01:01,680
Speaker 1: throw out the guilty verdict in the so called hush

19
00:01:01,720 --> 00:01:04,000
Speaker 1: money case as a result of his victory in the

20
00:01:04,040 --> 00:01:08,080
Speaker 1: November election. The decision Friday by Justice Juan Merchant in

21
00:01:08,120 --> 00:01:10,440
Speaker 1: Manhattan is a blow to Trump's effort to put the

22
00:01:10,440 --> 00:01:13,880
Speaker 1: criminal case behind him before his inauguration this month. The

23
00:01:13,880 --> 00:01:17,440
Speaker 1: President elect was ordered to appear for sentencing on January tenth,

24
00:01:17,600 --> 00:01:21,360
Speaker 1: but Merchant said that an unconditional discharge without imposing any

25
00:01:21,440 --> 00:01:25,800
Speaker 1: term of incarceration was the best option. Republican Mike Johnson

26
00:01:25,840 --> 00:01:29,480
Speaker 1: won reelection as House Speaker, overcoming resistance from a small

27
00:01:29,480 --> 00:01:32,840
Speaker 1: but pivotal group of conservative hardliners, after a flurry of

28
00:01:32,920 --> 00:01:35,000
Speaker 1: last minute talks and with the help of a critical

29
00:01:35,080 --> 00:01:39,199
Speaker 1: endorsement from President elect Trump. Moments after winning re election,

30
00:01:39,400 --> 00:01:40,320
Speaker 1: Johnson said.

31
00:01:40,160 --> 00:01:42,319
Speaker 2: Working together, we had the potential to be one of

32
00:01:42,319 --> 00:01:46,920
Speaker 2: the most consequential congresses in the history of this great nation.

33
00:01:47,640 --> 00:01:51,000
Speaker 2: So long as we work together, we do the right thing,

34
00:01:51,080 --> 00:01:52,919
Speaker 2: and we put America first.

35
00:01:53,080 --> 00:01:56,000
Speaker 1: Johnson won a majority of the votes necessary after nearly

36
00:01:56,120 --> 00:02:00,800
Speaker 1: all of the dissident ultra conservatives acquiesced to his continue leadership.

37
00:02:01,120 --> 00:02:04,440
Speaker 1: The Louisiana Republican initially fell short of the threshold and

38
00:02:04,480 --> 00:02:07,320
Speaker 1: the vote was kept open as he conferred with lawmakers

39
00:02:07,320 --> 00:02:09,720
Speaker 1: in a side room just off the House Chamber. The

40
00:02:09,760 --> 00:02:13,440
Speaker 1: final vote was two eighteen to two fifteen. House Democratic

41
00:02:13,520 --> 00:02:16,760
Speaker 1: Leader Hakim Jeffries took on the traditional role of handing

42
00:02:16,800 --> 00:02:20,280
Speaker 1: the gabble to the newly re elected Mike Johnson, stressing

43
00:02:20,320 --> 00:02:23,120
Speaker 1: that his party will not accept measures that promote the

44
00:02:23,160 --> 00:02:25,920
Speaker 1: interests of the well to do at the expensive aid

45
00:02:25,960 --> 00:02:27,840
Speaker 1: to working people and retirees.

46
00:02:28,080 --> 00:02:32,120
Speaker 3: House Democrats will work hard to find bipartisan common ground

47
00:02:32,360 --> 00:02:37,400
Speaker 3: with our Republican colleagues and incoming administration on any issue

48
00:02:37,600 --> 00:02:41,520
Speaker 3: whenever and wherever possible. The American people need us to

49
00:02:41,680 --> 00:02:47,160
Speaker 3: put down our partisan swords and pick up bipartisan plowshares.

50
00:02:47,480 --> 00:02:52,280
Speaker 1: House Democratic Leader Hakim Jeffries, there's evidence us manufacturing maybe

51
00:02:52,320 --> 00:02:55,639
Speaker 1: on the verge of recovery after months of contraction. Bloomberg's

52
00:02:55,680 --> 00:02:57,519
Speaker 1: Vinnie del Judaie reports.

53
00:02:57,200 --> 00:03:00,480
Speaker 4: December's ism factor in ex ros to the Hyacinth March,

54
00:03:00,639 --> 00:03:03,520
Speaker 4: but it remains shy. If fifty the benchmark for expansion.

55
00:03:03,880 --> 00:03:06,840
Speaker 4: Factory orders reached the hyacince early twenty twenty four, and

56
00:03:06,919 --> 00:03:12,400
Speaker 4: production increased. The more manufacturers reported reduced staffing, inflation persists

57
00:03:12,440 --> 00:03:15,640
Speaker 4: with the isms gauge of prices paid up last month.

58
00:03:15,840 --> 00:03:20,239
Speaker 4: The best performing sectors metals, electrical equipment and appliances. Anny

59
00:03:20,360 --> 00:03:21,760
Speaker 4: dald cheed Ice Bloomberg Radio.

60
00:03:21,960 --> 00:03:25,200
Speaker 1: Richmond FED President Thomas Barkin says hey thinks interest rates

61
00:03:25,240 --> 00:03:28,040
Speaker 1: are still restrictive enough to bring inflation down in twenty

62
00:03:28,080 --> 00:03:31,959
Speaker 1: twenty five. He spoke Friday morning at the Maryland Bankers Association.

63
00:03:32,160 --> 00:03:35,320
Speaker 5: The FMC has recalibrated the FED funds right down one

64
00:03:35,400 --> 00:03:39,120
Speaker 5: hundred basis points to four point three percent. Inflation's not

65
00:03:39,200 --> 00:03:41,440
Speaker 5: yet back at target, so we still have more work

66
00:03:41,480 --> 00:03:43,120
Speaker 5: to do, but we don't think we need to be

67
00:03:43,160 --> 00:03:46,400
Speaker 5: nearly as restrictive as we once were to finish that job.

68
00:03:46,560 --> 00:03:49,280
Speaker 1: Richmond chief Thomas Barkin is no longer a voting member

69
00:03:49,320 --> 00:03:51,400
Speaker 1: of the Fed's rate setting Committee as of this year.

70
00:03:51,440 --> 00:03:54,680
Speaker 1: He also says strong spending, consumer pushback on high prices,

71
00:03:54,800 --> 00:03:58,040
Speaker 1: and improved labor productivity have landed the economy in a

72
00:03:58,080 --> 00:04:01,560
Speaker 1: good place. Books and podcast tests about the pastor searching

73
00:04:01,560 --> 00:04:05,400
Speaker 1: in popularity making them increasingly profitable. The business of history

74
00:04:05,480 --> 00:04:07,840
Speaker 1: is booming. You can read all about it in Bloomberg's

75
00:04:07,840 --> 00:04:11,160
Speaker 1: weekend edition, exploring the places where finance, life, and culture.

76
00:04:11,160 --> 00:04:13,320
Speaker 1: Meet Find it now on bloomberg dot Com and the

77
00:04:13,360 --> 00:04:16,240
Speaker 1: Bloomberg Business App. The Friday number is on Wall Street.

78
00:04:16,240 --> 00:04:19,039
Speaker 1: The Dow jumped three hundred and thirty nine, NASDAC gained

79
00:04:19,080 --> 00:04:21,040
Speaker 1: three hundred and forty. The S and P was up

80
00:04:21,080 --> 00:04:23,960
Speaker 1: seventy three. That's news when you want it with Bloomberg

81
00:04:24,000 --> 00:04:27,000
Speaker 1: News Now. I made Kleggy and this is Bloomberg