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

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Speaker 1: Brian Curtis in Hong Kong. Hopes are not high that

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Speaker 1: Congress will address the US southern border before the election.

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Speaker 1: Bloomberg Nancy Lyons.

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Speaker 2: Has more Senate majority. Leader Chuck Schumer is not giving

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Speaker 2: up on the bipartisan deal to impose new restrictions at

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Speaker 2: the US border and unlock aid for Ukraine and Israel.

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Speaker 3: This is not the last Republicans will hear from us.

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Speaker 3: We're going to keep at it.

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Speaker 2: Schumer criticized as Republican colleagues for rejecting the compromise that

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Speaker 2: had been negotiated for months. President Biden said he'll make

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Speaker 2: sure the American public knows that Donald Trump doomed the

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Speaker 2: deal and convinced Republicans to reject it so he would

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Speaker 2: gain political advantage. In November, House Speaker Mike Johnson faulted

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Speaker 2: the deal for not doing enough. In Washington, Nancy Lyons

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Speaker 2: Bloomberg Radio.

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Speaker 1: US investigators have provided an update on the dramatic accident

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Speaker 1: a board in Alaska Airlines flight last month. It was

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Speaker 1: apparently triggered by a door plug that had not been

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Speaker 1: properly attached before the plane was delivered by Boeing the

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Speaker 1: story from Bloomberg's Charlie Pellett.

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Speaker 4: According to a preliminary report from the National Transportation Safety Board,

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Speaker 4: four bolts that acted as a failsafe mechanism to hold

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Speaker 4: a panel in place were not installed on the seven

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Speaker 4: thirty seven Max nine jet. The incident has become the

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Speaker 4: biggest crisis for Boeing since its entire fleet of Max

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Speaker 4: jets was grounded worldwide in twenty nineteen following two fatal

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Speaker 4: crashes in New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: A federal appeals court has ruled Donald Trump can be

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Speaker 1: prosecuted for trying to overturn the twenty twenty US election,

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Speaker 1: rejecting his claim that a president is immune from criminal charges.

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Speaker 1: We heard from former Watergate prosecutor Nick Ackerman, who says

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Speaker 1: the former president to Richard Nixon, never used Trump's defense.

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Speaker 1: This was never raised during the war, Mediaron, No one

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Speaker 1: ever had.

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Speaker 3: The audacity to say that the president was immune from

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Speaker 3: obstructing justice and committing crime. That just never came across

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Speaker 3: our rigar.

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Speaker 1: Nick Eckerman there speaking with Bloomberg's Joe Matthew, Trump campaign

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Speaker 1: spokesman Stephen Chung said that the former president will appeal

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Speaker 1: the decision. A Michigan jury is out with the verdict

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Speaker 1: for Jennifer Crumbley, the mother of school shooter Ethan Crumbley.

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Speaker 1: She was found guilty of four involuntary manslaughter charges for

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Speaker 1: allowing her troubled son to own a gun. Crumbley was

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Speaker 1: accused of failing to secure the gun and ammunition at home.

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Speaker 1: Her husband faces a separate trial. Chinese companies are ramping

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Speaker 1: up share buybacks, playing their part in a rescue campaign

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Speaker 1: in the country. Firms listed in mainland China and Hong

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Speaker 1: Kong spent about four point six billion dollars repurchasing shares

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Speaker 1: over the past month. Investor confidence is rising that Chinese

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Speaker 1: policymakers will do more to end the route in Chinese stocks.

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Speaker 1: Bloomberg Yvon Man has the story from Hong Kong.

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Speaker 5: The anticipation follows a Bloomberg. The regulators are planning to

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Speaker 5: brief President's Chijing ping on the issue. It's seen as

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Speaker 5: underscoring the urgency of staving off a further route in

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Speaker 5: Chinese assets. Even so, it's not clear if the President

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Speaker 5: will see fit to provide additional support, but policymakers are

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Speaker 5: hoping to stabilize markets before the Lunar New Year holiday

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Speaker 5: to build confidence. It's also unclear if investors will buy

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Speaker 5: into the story, given them many previous false dawns, but

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Speaker 5: the NASA Golden Dragon Index did gain nearly six percent

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Speaker 5: in New York. One other quick point, China's Central Waging

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Speaker 5: Investment has stated it will buy more ETFs in Hong Kong.

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Speaker 5: I'm Yvon Mann Bloomberg Radio.

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Speaker 1: In other news, Moody's Investors' Service has cut New York

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Speaker 1: Community Bank Corpse credit grade to junk. NYCB shares fell

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Speaker 1: twenty two percent today. The shares it now down about

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Speaker 1: sixty percent in the past week. Investors have dumped the

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Speaker 1: stock over concerns about the bank's exposure to commercial real estate.

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Speaker 1: US Treasury Secretary Janet Yellen told a House committee some

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Speaker 1: firms may face some challenges.

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Speaker 3: I do have a concern about commercial real estate. I

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Speaker 3: believe it's manageable, although there may be some institutions that

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Speaker 3: are quite stressed by this problem.

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Speaker 1: Yellen also said that US regulators are working to ensure

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Speaker 1: that lone loss reserves and liquidity levels in the financial

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Speaker 1: system are adequate to cope with those real estate losses.

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Speaker 1: That's news when you want it. With Bloomberg News Now,

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Speaker 1: I'm Brian Curtis. This is lumber