1 00:00:01,080 --> 00:00:05,039 Speaker 1: News when you wanted with Bloomberg News. Now I met Kalki. 2 00:00:05,480 --> 00:00:08,840 Speaker 1: House Democrat Henry Quayar of Texas and his wife were 3 00:00:08,960 --> 00:00:13,640 Speaker 1: indicted for allegedly accepting approximately six hundred thousand dollars in 4 00:00:13,760 --> 00:00:17,520 Speaker 1: foreign bribes. Quaar denied the charge. He and his wife, Imelda, 5 00:00:17,600 --> 00:00:20,760 Speaker 1: made their initial court appearance Friday before a federal judge 6 00:00:20,760 --> 00:00:24,079 Speaker 1: in Houston. They are charged with accepting bribes from an 7 00:00:24,120 --> 00:00:27,520 Speaker 1: oil and gas company owned and controlled by the government 8 00:00:27,600 --> 00:00:32,440 Speaker 1: of Azerbaijan and a bank headquartered in Mexico City. Later Friday, 9 00:00:32,600 --> 00:00:35,920 Speaker 1: House Minority leader Hakim Jeffries announced that Quaar would step 10 00:00:35,960 --> 00:00:40,559 Speaker 1: down as ranking member of the House Appropriation's Homeland Security Subcommittee. 11 00:00:41,159 --> 00:00:44,040 Speaker 1: The uses and talks with close partners to lead a 12 00:00:44,080 --> 00:00:46,440 Speaker 1: group of allies that would give as much as fifty 13 00:00:46,520 --> 00:00:50,160 Speaker 1: billion dollars in a Ukraine, with a massive outlay being 14 00:00:50,200 --> 00:00:53,960 Speaker 1: repaid with the windfall profits from sovereign Russian assets that 15 00:00:54,040 --> 00:00:57,560 Speaker 1: have been frozen and or accruing interest, mostly in Europe. 16 00:00:57,920 --> 00:01:00,120 Speaker 1: The plan is being discussed among the Group of s 17 00:01:00,120 --> 00:01:02,800 Speaker 1: seven nations, with the US pushing to have an agreement 18 00:01:02,840 --> 00:01:05,840 Speaker 1: when G seven leaders meet in Italy in June. This 19 00:01:05,920 --> 00:01:09,520 Speaker 1: according to people familiar with the proposal. They said discussions 20 00:01:09,520 --> 00:01:12,679 Speaker 1: on this topic have been difficult and an agreement could 21 00:01:12,680 --> 00:01:17,160 Speaker 1: still take months. Laurence Summer's, former US Treasury secretary and 22 00:01:17,240 --> 00:01:21,480 Speaker 1: former Harvard president, says that college protests happening throughout the 23 00:01:21,480 --> 00:01:23,440 Speaker 1: country are very disappointing. 24 00:01:23,680 --> 00:01:27,880 Speaker 2: The United States is in the most dangerous geopolitical moment 25 00:01:28,080 --> 00:01:35,399 Speaker 2: we've been in probably two generations, given what's happening in China, Russia, Ronan, 26 00:01:35,800 --> 00:01:38,560 Speaker 2: North Korea, and so forth. And it seems to me 27 00:01:38,720 --> 00:01:42,319 Speaker 2: that anybody sitting in one of those countries has to 28 00:01:42,360 --> 00:01:48,520 Speaker 2: be taking great encouragement from the spectacle that is being 29 00:01:48,560 --> 00:01:53,680 Speaker 2: made by our young future elits on so many of 30 00:01:53,720 --> 00:01:55,560 Speaker 2: our leading college campuses. 31 00:01:55,760 --> 00:01:59,320 Speaker 1: Bloomberg contributor Larry Summers speaking with David Weston on Wall 32 00:01:59,400 --> 00:02:02,559 Speaker 1: Street Week. The second week of testimony in Donald Trump's 33 00:02:02,640 --> 00:02:05,280 Speaker 1: hush money case wrapped up Friday with Hope Hicks on 34 00:02:05,360 --> 00:02:08,320 Speaker 1: the stand. Hicks, who ran communications for Trump and became 35 00:02:08,360 --> 00:02:11,680 Speaker 1: a top White House aid, described how Trump's twenty sixteen 36 00:02:11,720 --> 00:02:14,880 Speaker 1: campaign reacted to the shock release of the so called 37 00:02:14,960 --> 00:02:18,600 Speaker 1: Access Hollywood tape just before the election. The tape caused 38 00:02:18,600 --> 00:02:21,960 Speaker 1: an immediate uproar, which the government claims was the motivation 39 00:02:22,120 --> 00:02:24,880 Speaker 1: for Trump to pay Stormy Daniels when she threatened to 40 00:02:24,880 --> 00:02:27,880 Speaker 1: go public with her claim about an affair. Hicks said 41 00:02:27,919 --> 00:02:30,720 Speaker 1: of the tape, this was a crisis. Hicks broke down 42 00:02:30,720 --> 00:02:33,840 Speaker 1: in tears as soon as her cross examination started, just 43 00:02:33,880 --> 00:02:36,400 Speaker 1: after Trump's attorney said he wanted to ask about her 44 00:02:36,440 --> 00:02:39,800 Speaker 1: time at the Trump organization. The judge asked if she 45 00:02:39,840 --> 00:02:43,359 Speaker 1: needed a break, and Hicks said yes, she did. When 46 00:02:43,440 --> 00:02:46,079 Speaker 1: Right Aid filed for bankruptcy six months ago, the company 47 00:02:46,080 --> 00:02:48,239 Speaker 1: announced that it would be closing one hundred and fifty 48 00:02:48,240 --> 00:02:51,560 Speaker 1: four drug stores, and so the list might grow it did. 49 00:02:51,800 --> 00:02:55,040 Speaker 1: Court filings revealed the chain has shuttered five hundred twenty stores, 50 00:02:55,080 --> 00:02:58,000 Speaker 1: representing a quarter of right Aid store count before it 51 00:02:58,120 --> 00:03:02,760 Speaker 1: entered Chapter eleven. Stocks notched their biggest advance in February 52 00:03:03,000 --> 00:03:06,000 Speaker 1: as a slowdown in US job sent bond yields tumbling, 53 00:03:06,280 --> 00:03:10,000 Speaker 1: with traders reviving bets on federal reserve rate cuts. This year, 54 00:03:10,480 --> 00:03:13,080 Speaker 1: Friday's numbers on Wall Street the down rows four hundred 55 00:03:13,120 --> 00:03:15,960 Speaker 1: fifty points, Nasdaq was up three point fifteen, and the 56 00:03:16,080 --> 00:03:19,120 Speaker 1: S and P gained sixty four And that's news when 57 00:03:19,160 --> 00:03:22,600 Speaker 1: you wanted with Bloomberg News Now I made Kleggi and 58 00:03:22,760 --> 00:03:24,640 Speaker 1: this is Bloomberg.