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Speaker 1: News when you wanted with Blomberg News. Now I'm den

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Speaker 1: East Pelguini. US taking military action against ISIS in Syria.

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Speaker 1: The US launching missiles in Syria in the latest attack

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Speaker 1: on Islamic State militants, and that follows the December deaths

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Speaker 1: of two US soldiers according to US Central Command, and

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Speaker 1: the attack comes after President Trump found to do big

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Speaker 1: damage to the militants behind the deadly attack of two

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Speaker 1: US Army soldiers and a US interpreter on December thirteen,

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Speaker 1: during counter terrorism operations in Minneapolis, thousands marching to the

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Speaker 1: site where a federal agent shot and killed Grene Nicole Good,

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Speaker 1: heightening political divisions around the Trump administrations immigration crackdown. Minneapolis

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Speaker 1: Mayor Jacob Frey urging demonstrators to remain peaceful.

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Speaker 2: I have seen community members sort of step into the breach,

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Speaker 2: recognizing that there are others out there agitators that are

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Speaker 2: trying to rile up large crowds. And not only have

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Speaker 2: they not taken the bait, they have pushed others back

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Speaker 2: from the brink to say, hey, you know what, this

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Speaker 2: is what Donald Trump wants. He wants us to take

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Speaker 2: the bait.

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Speaker 1: The shooting has sparked a sharp national debate over whether

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Speaker 1: the officer was justified in using deadly force. Critics point

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Speaker 1: to video footage and witness accounts that they feel did

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Speaker 1: not show an imminent threat. In Iran, dozens feared dead

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Speaker 1: after the largest Andi government demonstrations to rock that country

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Speaker 1: in recent years, intensified heading into the weekend. Authorities battled

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Speaker 1: to suppress the protest. Social media footage, though, shows hundreds

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Speaker 1: of thousands marching and chanting anti regime slogans cross the country,

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Speaker 1: graphic scenes of bodies lying in blood. Iran's Prosecutor General

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Speaker 1: warning all detainees would be charged as enemies of God.

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Speaker 1: That's a broadly defined offense punishable by death. There. President

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Speaker 1: Trump taking another step toward controlling future sales of Venezuelan

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Speaker 1: oil in its proceeds by declaring a national emergency and

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Speaker 1: issuing a directive meant to block claims on the revenue.

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Speaker 1: The President met Friday with oil execs, trying to jump

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Speaker 1: up support for them getting more involved in the oil

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Speaker 1: industry there. Meantime, the Trump administration is looking at lifting

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Speaker 1: some sanctions on Venezuela as US companies get more involved

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Speaker 1: in the country. Ellen Walld, president of Transversal Consulting, and

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Speaker 1: a senior fellow at the Atlantic Council says, it's more

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Speaker 1: complicated than you might think to get some of that

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Speaker 1: oil out.

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Speaker 3: And this is not the easiest oil to drill for.

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Speaker 3: I mean, we're talking about very sludgy tarsand like oil

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Speaker 3: that requires you know, billions of dollars in upgraders just

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Speaker 3: to transport it, to get it to the ships, to

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Speaker 3: get it out of Venezuela. So this is a big investment.

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Speaker 3: It's not like you know, a shale oil well out

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Speaker 3: in the Permian.

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Speaker 1: And Wild a guest on the Bloomberg Business Week Daily podcast,

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Speaker 1: which you can tell about wherever you gets your podcasts.

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Speaker 1: The US Meantime has issued a security advisory warning American

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Speaker 1: in Venezuela about reports of armed militia groups setting up

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Speaker 1: roadbox and searching vehicles for evidence of US citizenship or

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Speaker 1: support for the United States Investors is coming week. Also

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Speaker 1: looking ahead to a report on consumer inflation that comes

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Speaker 1: on Tuesday, in the form of the CPI Report. President

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Speaker 1: will be speaking Tuesday from the Economic Club of Detroit.

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Speaker 1: That'll be a two pm Eastern We'll be tracking those

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Speaker 1: developments on Bloomberg Radio, Bloomberg Television, Bloomberg News Now, and

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Speaker 1: of course, on our YouTube channel. President Trump, meantime taking

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Speaker 1: up a bunch of economic initiatives that may be rubbing

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Speaker 1: some in the business community the wrong way, including one

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Speaker 1: consumers like. The President is now calling for a one

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Speaker 1: year cap on credit card interest rates. Bloomberg Saed Collegi

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Speaker 1: has more on that.

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Speaker 4: President Trump is calling for a one year cap on

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Speaker 4: credit card interest rates at ten percent, effective January twentieth.

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Speaker 4: He wrote on social media, please be informed that we

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Speaker 4: will no longer let the American public be ripped off

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Speaker 4: by credit card companies that are charging interest rates of

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Speaker 4: twenty twenty to thirty percent and even more, which festered

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Speaker 4: unimpeded during these sleepy Joe Biden administration, then finished with

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Speaker 4: the word affordability in all caps. It's not clear whether

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Speaker 4: credit card companies will respond to his call or what

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Speaker 4: actions he might take to force any change. At Kleggy

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Speaker 4: Bloomberg Radio.

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Speaker 1: And the President has also been focusing on real estate

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Speaker 1: as he looks at ways to address Americans cost of

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Speaker 1: living concerns, and he's getting his cabinet involved in that.

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Speaker 1: As we hear from Bloombergs Nathan Hager and Washington.

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Speaker 5: Bloomberg News has learned Commerce Secretary Howard Ludnik met with

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Speaker 5: home building executives in recent weeks, sounding them out on

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Speaker 5: how to make homes more affordable, including the kinds of

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Speaker 5: incentives they'd want to build more homes. This week, President

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Speaker 5: Trump moved to ban institutional investors from buying single family homes,

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Speaker 5: and he directed Fanny May and Freddie Mack to buy

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Speaker 5: two hundred billion dollars in mortgage bonds. The White House

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Speaker 5: says it's part of an overall housing plan the President

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Speaker 5: will announce at Davos later this month in Washington. I'm

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Speaker 5: Nathan Hager, Bloomberg Radio.

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Speaker 1: In corporate news, Sachs executive chairman Richard Baker is set

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Speaker 1: to leave the company. That's according to Women's Wear Daily

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Speaker 1: That says. Sources tell Bloomberg that the owner of sax

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Speaker 1: and Neiman Marcus is working on a Chapter eleven bankruptcy

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Speaker 1: filing involving the participation and agreement of some of its debtors.

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Speaker 1: And Bob Weir, guitarist singer founding member of The Grateful Dead,

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Speaker 1: has died at the age of seventy eight. He beat

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Speaker 1: cancer but then where succumbed to underlying lung issues. He

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Speaker 1: died peacefully, surrounded by family, according to a post on

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Speaker 1: Insta That soon and that's news when you want it

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Speaker 1: with Bloomberg News Now. I'm Denise Pelgwiny. This is Bloomberg