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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good Morning.

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Speaker 3: I'm Nathan Hager and.

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Speaker 1: I'm Karen Moscow. Here are the stories we're following today.

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Speaker 3: Karen, we begin with the latest on the suspect accused

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Speaker 3: of killing United Healthcare CEO Brian Thompson. Bloomberg's John Tucker

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Speaker 3: joins us with the very latest, John.

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Speaker 4: And good morning, Nathan. United Health Group says suspected gummed

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Speaker 4: Luigi Mangione wasn't a member of its insurance plans. That

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Speaker 4: seems to dispel the idea he was allegedly motivated by

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Speaker 4: a grievance from his personal experience with the nation's largest

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Speaker 4: health insurer. Meantime, prosecutors now bringing evidence before a grand

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Speaker 4: jury seeking an indictment to strengthen their case for his

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Speaker 4: return to New York. Manhattan District Attorney Alvin Bragg, we.

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Speaker 5: Will get the defendant.

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Speaker 4: Here well, Benji one finding extradition to New York, where

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Speaker 4: he's facing murder charges. Since the shooting, people speculated about

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Speaker 4: whether the guman was the customer upset over its an

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Speaker 4: high medical claim or other insurance problem. Manzioni's own history

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Speaker 4: of back pain and surgery revealed in online postings and

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Speaker 4: reporting from people who spend time with him, prompt in

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Speaker 4: questions about how his experience with a medical system might

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Speaker 4: have driven him to alleged violence. It appears as grievances

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Speaker 4: were more broad based in New York. I'm John Tucker,

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Speaker 4: Bloomberg Radio.

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Speaker 1: All right, John, thank you well. We turn to politics now,

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Speaker 1: and President ELC. Shrump his voice support for the dog

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Speaker 1: workers at union as the union considers whether to strike again,

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Speaker 1: and we get more from Bloomberg's Doug Chrisner.

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Speaker 6: Back in October, the union shut ports on the East

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Speaker 6: and Gulf Coast until the Biden administration helped negotiate a

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Speaker 6: temporary deal to keep those ports open. Now, that agreement

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Speaker 6: between the union and shipping companies and terminal operators expires

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Speaker 6: on January fifteenth, and the use of semi automated cranes

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Speaker 6: has yet to be resolved. After meeting with union leaders,

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Speaker 6: Trump said the amount of money saved is nowhere near

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Speaker 6: the distress, hurt, and harm it causes American workers. The

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Speaker 6: Employer's Group has said the technology does not harm longshore

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Speaker 6: employment and such modernization is necessary to keep you as

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Speaker 6: ports and the broad economy competitive.

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Speaker 4: In New York.

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Speaker 6: I'm Doug Prisner, Bloomberg Radio.

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Speaker 3: Thank you, Doug. President elect Trump might also have a

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Speaker 3: tax break in mind for residents of high tax states

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Speaker 3: like New York and New Jersey. Trump's economic advisors have

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Speaker 3: discussed doubling the deduction for state and local taxes known

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Speaker 3: as salt, from ten to twenty thousand dollars. Steven Moore,

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Speaker 3: who sits on Trump's economic team, tells Bloomberg they won't

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Speaker 3: lift the cap entirely because that would amount to what

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Speaker 3: he calls the biggest tax cut ever for millionaires and billionaires.

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Speaker 3: Bloomberg Government's Kate Actley says any change to the salt

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Speaker 3: deduction could be tough to get through a narrowly divided Congress.

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Speaker 7: This is going to be extremely narrow margins. There are

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Speaker 7: going to be times when the Republicans are down, you know,

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Speaker 7: a few votes because people are going into the Trump administration,

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Speaker 7: so you know it's going to be a nail bier

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Speaker 7: and this will definitely be at the top of the

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Speaker 7: list of things that they're wrangling over.

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Speaker 3: Bloomberg Government's Kate Acley notes it was then President Trump's

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Speaker 3: twenty seventeen tax law that limited the salt deduction to

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Speaker 3: ten thousand dollars.

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Speaker 1: Meanwhile, Nathan, President elect Trump's team maybe looking to take

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Speaker 1: an ax to bank regulation. According to our report in

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Speaker 1: The Wall Street Journal, officials from Trump's Department of Government

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Speaker 1: Efficiency have talked about shrinking, merging, or even eliminating agencies

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Speaker 1: like the Federal Deposit Insurance Corporation or FDIC. Any proposal

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Speaker 1: to get rid of an agency would need congressional approval.

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Speaker 1: Bank executives are hopeful that Trump administration will ease regulations

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Speaker 1: on capital requirements and consumer protections, but touching Federal deposit

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Speaker 1: insurance could be politically tricky, well.

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Speaker 3: Karen, President elect Trump had a chance to tout his

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Speaker 3: economic plans during a visit to the New York Stock Exchange.

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Speaker 2: We'll cutting your taxes.

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Speaker 8: We're going to cut them very substantially. We got them

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Speaker 8: down to twenty one percent from probably forty two or

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Speaker 8: forty four percent, depending on.

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Speaker 9: Where you are.

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Speaker 8: Him down to twenty one. Everyone said that was a miracle.

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Speaker 8: Now we're getting them down to fifteen, but only if

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Speaker 8: you make your product here. Otherwise you pay twenty one,

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Speaker 8: which is not bad. It's in the middle of the pack.

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Speaker 3: The president like rang the opening Bell on Wall Street

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Speaker 3: to celebrate being named Time Magazines Person of the Year.

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Speaker 3: He told CNBC he sees the market as a gauge

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Speaker 3: of his success and his words quote to me, the

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Speaker 3: stock market is.

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Speaker 1: All of it, well, Nathan. Another high tech giant is

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Speaker 1: donating to President elect Donald Trump's inaugural fond. Amazon is

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Speaker 1: joining meta platforms and contributing one million dollars. Besides the

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Speaker 1: direct donation, Amazon is also streaming the inauguration as an

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Speaker 1: in kind donation worth one million. Amazon founder Jeff Bezos

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Speaker 1: is also meeting with Trump next week.

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Speaker 3: Elon Musk is renewing his long standing feud with the

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Speaker 3: Securities and Exchange Commission. Karen Musk posted a letter saying

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Speaker 3: the agency is investigating his brain computer interface company, Neuralink.

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Speaker 3: The letter also says the sec is preparing to take

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Speaker 3: action against Musk related to his investment in Twitter before

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Speaker 3: he bought the platform in twenty twenty two. The regulator

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Speaker 3: has been examining the timing and disclosure of Musk's purchase

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Speaker 3: of Twitter stock before he acquired the company. The letter

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Speaker 3: says the agency gave Musk a forty eight hour deadline

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Speaker 3: to accept the settlement over the probe or face enforcement action.

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Speaker 3: The SEC declined to comment.

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Speaker 1: Meanwhile, Nathan Canter, FitzGeralds Howard and Lutnik has agreed to

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Speaker 1: pay almost seven million dollars to settle SEC allegations that

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Speaker 1: it misled investors in two blank check firms before their

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Speaker 1: stock market debuts. The firm controlled two special purpose acquisition

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Speaker 1: companies that raised seven hundred and fifty million dollars. Kendor

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Speaker 1: claimed they had not had substantent talks with potential merger targets,

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Speaker 1: when in reality, the SEC says they started negotiations. The

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Speaker 1: firm settled without admitting to or denying. The allegations turn

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Speaker 1: into politics overseas Karen.

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Speaker 3: French President Emanuel Macrome is due to name a new

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Speaker 3: prime minister this morning. Macrome missed his self imposed deadline

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Speaker 3: to replace Michel Barnier, whose government was ousted in a

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Speaker 3: ocon finance vote after just three months. Bloomberg Senior editor

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Speaker 3: Phil Serafino says Macron is aiming to create a centrist coalition.

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Speaker 10: All the reporting from the past week or so indicates

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Speaker 10: that he's trying to bring the Socialist Party into a

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Speaker 10: coalition of centrist parties center left, center right, and sort

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Speaker 10: of leave the far left and far right parties out

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Speaker 10: on their own.

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Speaker 3: Bloomberg's Phil Serafino says France, the European Union's second largest economy,

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Speaker 3: has been plunged into political uncertainty after failing to pass

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Speaker 3: a budget for twenty twenty five.

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Speaker 1: Nathan the UK economy is unexpectedly shrunk for a second

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Speaker 1: consecutive months, slipping a tenth of uppercent. It means the

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Speaker 1: economy has only grown in one of the four months

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Speaker 1: since Labor took power, compounding a shaky start since their

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Speaker 1: landslide victory in the July election.

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Speaker 3: Back here in the US, Karen Shares a broadcommer, up

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Speaker 3: more than fourteen and a half percent in early trading.

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Speaker 3: The chip supplier for Apple and other big tech companies,

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Speaker 3: is predicting a boom in demand for its artificial intelligence chips.

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Speaker 3: Investors have piled into Broadcom stock this year, lord by

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Speaker 3: AI optimism. With this morning's gains, the stock is up

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Speaker 3: more than eighty percent this year.

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Speaker 1: And Nathan Costco posted quarterly profit that beat expectations. The

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Speaker 1: big box retailer reported more members during the quarter, and

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Speaker 1: about ninety percent of existing members renewed their service. Time

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Speaker 1: now for a look at some of the other stories

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Speaker 1: making news in New York and around the world, and

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Speaker 1: for that we're joined by Bloomberry. So Michael Barr, Michael,

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Speaker 1: good morning.

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Speaker 5: Good morning, Karen. There's no threat to the public, and

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Speaker 5: they may not even be drones. That's the response from

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Speaker 5: White House National Security spokesman John Kirby on the growing

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Speaker 5: concerns about flying objects flying over various towns in northern

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Speaker 5: New Jersey at night. Kirby says there's no evidence that

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Speaker 5: the reported sightings pose a national security or public safety

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Speaker 5: threat or have a foreign connection.

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Speaker 11: The United States Coast Guard is providing support to the

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Speaker 11: state of New Jersey and has confirmed that there is

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Speaker 11: no evidence of any foreign based involvement from coastal vessels.

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Speaker 5: He says whatever is flying over people's homes at night

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Speaker 5: appear to be manned aircraft that are being operated lawfully.

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Speaker 5: Those statements aren't sitting well with Minehill, New Jersey Mayor

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Speaker 5: Sam Morris, who is among dozens of local and state

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Speaker 5: leaders demanding an investigation from federal officials.

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Speaker 9: I have to tell you that's incredulous. I'm incredulous about that.

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Speaker 9: That is ridiculous. I would invite mister Kirby to mine Hill.

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Speaker 9: Come on out, mister Kirby, and let's let's go on

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Speaker 9: out one night about nine thirty ten o'clock. I'll go

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Speaker 9: out behind my town hall and you can count them

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Speaker 9: with me all night.

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Speaker 5: Senators from New York and New Jersey are also expressing

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Speaker 5: urgent concern. One person has died after a small plane

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Speaker 5: crashed on a highway in Westchester County last night. According

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Speaker 5: to New York State Police, the crash shut down I

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Speaker 5: six eighty four in Harrison. Another person in the plane

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Speaker 5: that took off from Lynden, New Jersey, is hospitalized and

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Speaker 5: serious condition. New York Mayor Eric Adams met with Tom

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Speaker 5: Homan Donald Trump's incoming borders are. Adams says he plans

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Speaker 5: to use executive orders to assist the federal government with

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Speaker 5: the arrest and deportation of undocumented immigrants who have repeatedly

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Speaker 5: committed violent crimes in the Sanctuary City.

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Speaker 12: Our legal team is vetting do we have the authorization

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Speaker 12: to sit down and speak with ice legal team to

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Speaker 12: operationalize what both our designs are.

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Speaker 5: Adams went on to say the city is not going

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Speaker 5: to be a safe haven for those who commit repeated

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Speaker 5: violent crimes against innocent migrants, immigrants and long standing New Yorkers. Finally,

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Speaker 5: Cambodia is calling it a milestone in the improvement with

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Speaker 5: US ties. The US will send a warship to visit

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Speaker 5: a naval base in Cambodia for the first time since

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Speaker 5: the Southeast Asian nation reportedly signed a deal in twenty

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Speaker 5: nineteen that would allow China to establish a perman foothold.

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Speaker 5: There Global news twenty four hours a day and whenever

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Speaker 5: you want it with Bloomberg News Now. I'm Michael Barr,

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Speaker 5: and this is Bloomberg Carrot.

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Speaker 1: All right, Michael Barr, thank you time now for the

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Speaker 1: Bloomberg Sports Update, brought to you by Try and State

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Speaker 1: OUDI here's John Stashauer. John, good morning, Good morning Karen.

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Speaker 13: Four days after winning the highest scoring game in the

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Speaker 13: NFL this season, forty four to forty two, the La

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Speaker 13: Rams won one of the lowest, twelve to six over

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Speaker 13: the forty nine Ers, a game without a touchdown. The

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Speaker 13: Niners held only eleven first downs under two hundred yards

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Speaker 13: of offense. The Rams at eight and six very much

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Speaker 13: in it for either the division or a wildcar. The

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Speaker 13: Niners at eight at six and eight pretty much out

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Speaker 13: of it. Devils and Islanders both won at home New

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Speaker 13: Jersey three to one over La jack us in on

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Speaker 13: all three goals. In the Isles, blew most of a

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Speaker 13: five to one lead held on five four Older Chicago

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Speaker 13: Capitals won two one of Columbus Bruins lost five to one.

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Speaker 13: In Seattle, Celtics improved to twenty and five, blew out

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Speaker 13: Detroit by twenty four. Juan Soto put on his Mets

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Speaker 13: number twenty two. If he stays a Met throughout the contract,

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Speaker 13: he'll be wearing it until twenty forty. When asked why

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Speaker 13: he chose the Mets, Soto brought up their recent success.

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Speaker 14: The Mets is a great negotiation and what they have

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Speaker 14: done in the past couple of years, showing all the

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Speaker 14: ability to keep winning, to keep growing a team, to

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Speaker 14: try to grow a dynasty as one of the most

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Speaker 14: important teams.

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Speaker 13: So if the Mets continued on the course they started

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Speaker 13: out on this past season, they may not have gotten soda.

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Speaker 13: They of course, turned things around, ended up in the nlcyes.

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Speaker 13: Bill Belichick was at Chapel Hill saying his new job

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Speaker 13: at North Carolina is a dream come true. From nineteen

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Speaker 13: seventy five through twenty twenty three, Belichick never missed a

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Speaker 13: season of NFL coaching. Now, after a year off, he's

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Speaker 13: going back to work.

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Speaker 15: I love coaching. I love the interaction with the players.

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Speaker 15: I love building a team, working with the assistants, game planning,

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Speaker 15: the game itself, which you know there's some good ones

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Speaker 15: or some bests, but they're all learning experience and working

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Speaker 15: with the you know, young kids too, with the energy,

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Speaker 15: enthusiasm to want to be good, to want to be successful.

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Speaker 13: Army Davy game tomorrow in the Heisman Trophy goes out

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Speaker 13: tomorrow night. John Stashed. That were Bloomberg Sports.

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Speaker 2: Coast to coast on Bloomberg Radio nationwide on Sirius XM,

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Speaker 2: and around the world on Bloomberg dot Com and the

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Speaker 2: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 5: Good morning.

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Speaker 3: I'm Nathan Hager, President of Like Donald Trump is touting

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Speaker 3: his economic agenda as he gets closer to inauguration. He

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Speaker 3: did it in a celebratory mood during his visit to

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Speaker 3: the New York Stock Exchange.

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Speaker 8: The economy, I believe is going to be very strong.

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Speaker 8: We do have to solve some problems. We have wars

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Speaker 8: going on that we didn't have. We have a lot

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Speaker 8: of things happening that we didn't have that would have

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Speaker 8: never happened. They would have never happened, but now they

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Speaker 8: have happened.

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Speaker 3: And at least one problem that could happen next month

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Speaker 3: is a strike on the docks, and the President dillect

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Speaker 3: is weighing in on that and more as well, joining

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Speaker 3: us to discuss it. As Bloomberg News Senior editor Bill ferries. Bill,

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Speaker 3: I'm sure you saw the social media post from Trump

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Speaker 3: saying he met with the dock workers union that shut

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Speaker 3: down the ports back in October. What to make of it?

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Speaker 11: Good morning, Hey, Good morning, Nathan. Yeah, very interesting post

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Speaker 11: from the President elect there, really throwing a lot of

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Speaker 11: support behind the Longshoreman's Association, that's the dock workers union that,

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Speaker 11: as you mentioned, was on strike in October, just a

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Speaker 11: month before the election. They kind of reached an agreement,

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Speaker 11: if you remember, back then, kind of kicking the can

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Speaker 11: down the road. The workers agreed to take basically a

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Speaker 11: sixty one percent pay raise in their next six year contract.

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Speaker 11: But they really didn't finalize that contract. They said, we'll

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Speaker 11: get past the election, we'll we'll set a deadline of

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Speaker 11: mid January and then we'll try to reach agreement on

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Speaker 11: a whole range of issues. The big sticking point has

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Speaker 11: been the use of increased automation at US ports that

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Speaker 11: the union is worried are going to put people out

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Speaker 11: of business. Donald Trump coming in saying he's sided with

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Speaker 11: the workers, he understands their concerns about automation, and so

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Speaker 11: it's going to be interesting to see how that plays out.

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Speaker 11: The two sides have not been able to reach an

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Speaker 11: agreement on this issue, so potentially when we're talking about

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Speaker 11: January fifteenth, we're talking about five days before Donald Trump

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Speaker 11: gets sworn in. So it remains to be seen whether

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Speaker 11: this will really help spur the two sides in action

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Speaker 11: or to reach an agreement, or whether we're really going

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Speaker 11: to go up to right up to the cliff again

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Speaker 11: in January.

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Speaker 3: So while the President elect is sort of touting this

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Speaker 3: sort of populist message in this post, he also could

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Speaker 3: be thinking of throwing a bone to voters in high

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Speaker 3: tech states once again with talk about lifting the cap

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Speaker 3: on the salt deduction bill.

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Speaker 11: Yeah, it sounds like some of Trump's top economic advisors

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Speaker 11: are now looking at that salt tax, that state and

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Speaker 11: local tax deduction getting raised potentially from the ten thousand

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Speaker 11: dollars cap up to twenty thousand dollar. Still a lot

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Speaker 11: of details there that we don't know, and it would

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Speaker 11: require congressional action. But this is really there's some irony here.

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Speaker 11: The ten thousand dollars salt deduction that was what came

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Speaker 11: in as part of Trump's twenty seventeen tax overhaul. It

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Speaker 11: was super unpopular even with Republicans in higher tax states

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Speaker 11: like New York in particular New Jersey, but also just

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Speaker 11: broadly with people in southern California for instance, any places

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Speaker 11: where the property taxes or the state taxes are high,

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Speaker 11: that was an issue. So they are looking at trying

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Speaker 11: to ease that cap. I think what you know, big

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Speaker 11: picture here, what this really shows is, you know how

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Speaker 11: important a one seat or how weak a one seat

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Speaker 11: majority can be. One one or two congress people. After

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Speaker 11: Trump takes office, one or two Republicans can really prevent

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Speaker 11: his legislation from going through. So I think this is

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Speaker 11: kind of an attempt to satisfy some of those demands.

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Speaker 11: I suspect even Republican lawmakers and places like cal like

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Speaker 11: New York are going to be maybe looking for more

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Speaker 11: than just twenty thousand dollars as the deduction.

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