1 00:00:01,120 --> 00:00:04,120 Speaker 1: News when you want it with Bloomberg News Now I 2 00:00:04,240 --> 00:00:08,360 Speaker 1: made Kalgi. It'll be Purdue and Connecticut facing off Monday 3 00:00:08,440 --> 00:00:12,840 Speaker 1: night for the NCAA Men's Basketball National Championship. Saturday, at 4 00:00:12,880 --> 00:00:17,320 Speaker 1: the Final four, Purdue defeated North Carolina State sixty three fifty, 5 00:00:17,720 --> 00:00:22,600 Speaker 1: while Yukon beat Alabama eighty six seventy two. United Airlines 6 00:00:22,680 --> 00:00:25,599 Speaker 1: is calling off an investor meeting scheduled for early next 7 00:00:25,640 --> 00:00:29,320 Speaker 1: month because it would send the wrong message to celebrate 8 00:00:29,360 --> 00:00:32,080 Speaker 1: its performance in the wake of a series of headline 9 00:00:32,120 --> 00:00:36,080 Speaker 1: grabbing safety incidents. We get the story from Bloomberg's Charlie Pellett. 10 00:00:36,360 --> 00:00:40,640 Speaker 2: According to an email to investors and industry analysts reviewed 11 00:00:40,640 --> 00:00:43,240 Speaker 2: by Bloomberg News, the May first event will likely be 12 00:00:43,360 --> 00:00:46,680 Speaker 2: rescheduled in the fall, when the carrier will discuss its 13 00:00:46,760 --> 00:00:51,839 Speaker 2: quote unique competitive advantages, new opportunities in loyalty, and our 14 00:00:51,920 --> 00:00:57,120 Speaker 2: bright future. The surprise decision highlights the seriousness of safety 15 00:00:57,120 --> 00:01:00,720 Speaker 2: concerns that have emerged in recent weeks. The FAA is 16 00:01:00,840 --> 00:01:05,680 Speaker 2: reviewing United safety procedures and considering measures that would curb 17 00:01:05,720 --> 00:01:09,240 Speaker 2: the airline's growth. Charlie Pellett Bloomberg. 18 00:01:08,800 --> 00:01:11,920 Speaker 1: Radio President Biden has not given up on reducing or 19 00:01:12,000 --> 00:01:16,160 Speaker 1: eliminating student loan debt. Bloomberg's Nancy Lyons has an update. 20 00:01:16,480 --> 00:01:19,880 Speaker 3: Those familiar with the administration's plan say the President in 21 00:01:19,920 --> 00:01:22,880 Speaker 3: the coming week will announce an effort to target borrowers 22 00:01:23,080 --> 00:01:25,800 Speaker 3: through the Higher Education Act, which they say puts it 23 00:01:25,840 --> 00:01:29,200 Speaker 3: on stronger footing than the sweeping proposal that was killed 24 00:01:29,200 --> 00:01:32,440 Speaker 3: by the Supreme Court last year. One of the categories 25 00:01:32,480 --> 00:01:35,840 Speaker 3: being targeted would be those with financial hardships are those 26 00:01:35,880 --> 00:01:40,000 Speaker 3: whose balances have ballooned due to a crude interest in Washington. 27 00:01:40,080 --> 00:01:41,680 Speaker 3: Nancy Lyons, Bloomberg Radio. 28 00:01:41,840 --> 00:01:45,120 Speaker 1: Royal Bank of Canada has fired its chief financial officer. 29 00:01:45,240 --> 00:01:48,400 Speaker 1: That's after an internal review concluded she was in an 30 00:01:48,480 --> 00:01:53,280 Speaker 1: undisclosed close personal relationship with another employee that violated the 31 00:01:53,280 --> 00:01:56,760 Speaker 1: bank's code of conduct. More from Bloomberg's Denise Pellegrini. 32 00:01:57,080 --> 00:01:59,720 Speaker 4: The bank says it was recently made aware of allegations 33 00:01:59,720 --> 00:02:03,920 Speaker 4: involving Nadine On and immediately launched an internal review and 34 00:02:04,000 --> 00:02:08,160 Speaker 4: engaged outside legal counsel to investigate. RBC also says the 35 00:02:08,200 --> 00:02:11,880 Speaker 4: investigation found evidence that, in contravention of the RBC Code 36 00:02:11,919 --> 00:02:16,040 Speaker 4: of Conduct, On was in an undisclosed close personal relationship 37 00:02:16,080 --> 00:02:20,239 Speaker 4: with another employee, which led to preferential treatment of the employee, 38 00:02:20,360 --> 00:02:24,799 Speaker 4: including promotion and compensation increases. Both On and the other 39 00:02:24,840 --> 00:02:29,359 Speaker 4: employee who wasn't identified, have been terminated, and Catherine Gibson, 40 00:02:29,680 --> 00:02:33,639 Speaker 4: a longtime Royal Bank employee, has been named interim CFO 41 00:02:33,760 --> 00:02:36,080 Speaker 4: and a search, according to the bank, is being held 42 00:02:36,080 --> 00:02:39,440 Speaker 4: for a permanent replacement. Denise pellgreny Bloomberg Radio. 43 00:02:39,639 --> 00:02:42,560 Speaker 1: The Justice Department is getting the go ahead to reopen 44 00:02:42,600 --> 00:02:46,480 Speaker 1: an antitrust probe into the National Association of Real Tours. 45 00:02:46,760 --> 00:02:49,960 Speaker 1: Bloomberg's Nathan Hagger has the story from Washington. 46 00:02:50,040 --> 00:02:52,840 Speaker 5: A federal appeals panel in Washington rejected a bid from 47 00:02:52,840 --> 00:02:55,160 Speaker 5: the Real Estate Trade Group to enforce a settlement it 48 00:02:55,200 --> 00:02:57,880 Speaker 5: reached with the Trump administration to close the case in 49 00:02:57,919 --> 00:03:01,480 Speaker 5: November twenty twenty. The Bidendministration backed out of that deal 50 00:03:01,520 --> 00:03:04,280 Speaker 5: eight months later, seeking to continue the probe, but the 51 00:03:04,320 --> 00:03:07,519 Speaker 5: realtors sued, saying a closing letter they received from the 52 00:03:07,560 --> 00:03:11,400 Speaker 5: Justice Department prevented the case from being reopened. In its ruling, 53 00:03:11,480 --> 00:03:14,240 Speaker 5: the three judge panel said the fact DOJ closed its 54 00:03:14,280 --> 00:03:19,000 Speaker 5: investigation does not guarantee it would stay closed forever. In Washington, 55 00:03:19,040 --> 00:03:20,880 Speaker 5: I'm Nathan Hager Bloomberg Radio. 56 00:03:21,040 --> 00:03:23,680 Speaker 1: Excel Energy said it will cut power to about fifty 57 00:03:23,760 --> 00:03:27,240 Speaker 1: five thousand customers in Colorado due to high winds that 58 00:03:27,320 --> 00:03:30,680 Speaker 1: could topple its power lines and spark wildfires. The state's 59 00:03:30,760 --> 00:03:34,200 Speaker 1: largest utility said customers in Boulder County and some near 60 00:03:34,280 --> 00:03:37,920 Speaker 1: Denver began losing power beginning Saturday afternoon, with it lasting 61 00:03:38,000 --> 00:03:40,520 Speaker 1: until at least noon Sunday. This according to a statement, 62 00:03:40,840 --> 00:03:43,520 Speaker 1: The National Weather Service has issued a red flag warning 63 00:03:43,560 --> 00:03:46,720 Speaker 1: through Sunday for parts of the Denver area, with expected 64 00:03:46,760 --> 00:03:50,720 Speaker 1: wind gusts reaching ninety miles per hour. Excel was found 65 00:03:50,760 --> 00:03:54,400 Speaker 1: partially responsible for sparking the wind driven Marshall Fire in 66 00:03:54,440 --> 00:03:57,840 Speaker 1: twenty twenty one that destroyed more than one thousand homes 67 00:03:57,920 --> 00:04:02,280 Speaker 1: in the suburbs of Boulder. Democratic US Senator Robert Menendez 68 00:04:02,320 --> 00:04:05,000 Speaker 1: of New Jersey and his wife don't want jurors at 69 00:04:05,000 --> 00:04:07,960 Speaker 1: their upcoming corruption trial to learn about the power couple's 70 00:04:08,280 --> 00:04:13,360 Speaker 1: luxurious lifestyle that included cigars, handbags, and jewelry. Lawyers for 71 00:04:13,520 --> 00:04:17,520 Speaker 1: Menendez and his wife, Nadine, objected Friday to prosecutors seeking 72 00:04:17,600 --> 00:04:20,400 Speaker 1: to offer such evidence in New York federal courts where 73 00:04:20,400 --> 00:04:23,840 Speaker 1: they're accused of accepting bribes of cash, gold bars, and 74 00:04:23,920 --> 00:04:27,400 Speaker 1: a car in exchange for political favors for three businessmen. 75 00:04:27,880 --> 00:04:32,080 Speaker 1: According to separate filings by the couple's lawyers, jurors shouldn't 76 00:04:32,120 --> 00:04:35,479 Speaker 1: be told about their preference for expensive items, including his 77 00:04:35,600 --> 00:04:39,680 Speaker 1: preference for Bombay, Sapphire, Gin cigars and upscale meals on 78 00:04:39,720 --> 00:04:43,480 Speaker 1: a limited salary, and her handbags and jewelry while desiring 79 00:04:43,920 --> 00:04:47,000 Speaker 1: a Mercedes Benz. And that's news when you want it 80 00:04:47,080 --> 00:04:50,800 Speaker 1: with Bloomberg News. Now I'm in Kleggy and this is 81 00:04:51,040 --> 00:04:51,680 Speaker 1: Bloomberg