1 00:00:03,000 --> 00:00:10,200 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:12,120 Speaker 2: News when you want it with Bloomberg News Now I'm 3 00:00:12,119 --> 00:00:16,160 Speaker 2: at Kalgi. Testing positive for COVID nineteen will no longer 4 00:00:16,239 --> 00:00:20,160 Speaker 2: mean prolonged isolation for most people. Under new US guidelines 5 00:00:20,200 --> 00:00:23,759 Speaker 2: released Friday, people with COVID whose symptoms are improving and 6 00:00:23,840 --> 00:00:26,760 Speaker 2: have been fever free for twenty four hours without medication 7 00:00:27,200 --> 00:00:31,040 Speaker 2: can return to work, school, or other public places. CDC 8 00:00:31,240 --> 00:00:35,000 Speaker 2: Director Mandy Cohen tells Bloomberg's Riley Griffin why they are 9 00:00:35,000 --> 00:00:36,320 Speaker 2: making the change now. 10 00:00:36,440 --> 00:00:38,400 Speaker 3: We are in a new place, so we were able 11 00:00:38,440 --> 00:00:41,479 Speaker 3: to put out this updated guidance again because we're seeing 12 00:00:41,760 --> 00:00:45,920 Speaker 3: less hospitalizations and less deaths from COVID, as we were 13 00:00:45,960 --> 00:00:49,720 Speaker 3: still seeing high levels of viral spread. We have wastewater 14 00:00:49,840 --> 00:00:52,199 Speaker 3: data that shows that there was a lot of COVID 15 00:00:52,200 --> 00:00:55,040 Speaker 3: that was circulating this winter, but the good news was 16 00:00:55,240 --> 00:00:59,560 Speaker 3: we weren't seeing any increases in those hospitalizations or deaths, 17 00:01:00,320 --> 00:01:04,440 Speaker 3: and so with that continued trend over yet another season, 18 00:01:04,760 --> 00:01:06,000 Speaker 3: we felt we could move forward. 19 00:01:06,200 --> 00:01:08,960 Speaker 2: Director Cohen also says those who do return to work 20 00:01:09,040 --> 00:01:11,839 Speaker 2: or a school should mask keep their distance from others, 21 00:01:12,040 --> 00:01:15,440 Speaker 2: wash their hands, and take other measures. For five days, 22 00:01:16,080 --> 00:01:19,400 Speaker 2: President Joe Biden Friday announced the US would begin air 23 00:01:19,480 --> 00:01:24,280 Speaker 2: dropping humanitarian aid into Gaza. National Security Council spokesman John 24 00:01:24,360 --> 00:01:25,800 Speaker 2: Kirby with more details. 25 00:01:25,920 --> 00:01:28,120 Speaker 4: The United States will carry out air drops of aid 26 00:01:28,120 --> 00:01:31,520 Speaker 4: into Gaza in coordination with our international partners, particularly Jordan, 27 00:01:32,120 --> 00:01:34,600 Speaker 4: in the coming days. We're also going to redouble our 28 00:01:34,640 --> 00:01:38,720 Speaker 4: efforts to open up a humanitarian maritime corridor to deliver 29 00:01:39,120 --> 00:01:43,040 Speaker 4: amounts of humanitarian assistance by sea, hopefully large amounts by sea. 30 00:01:43,240 --> 00:01:46,280 Speaker 2: John Kirby, speaking at a White House press briefing, Kirby 31 00:01:46,319 --> 00:01:49,680 Speaker 2: says the administration wants to continue working with Israel to 32 00:01:49,720 --> 00:01:53,400 Speaker 2: deliver more aid by air. Boeing has confirmed it is 33 00:01:53,440 --> 00:01:58,200 Speaker 2: in discussions to acquire Spirit Aerosystems holdings. It's struggling former 34 00:01:58,360 --> 00:02:01,360 Speaker 2: unit at the center of numerous quile issues affecting seven 35 00:02:01,440 --> 00:02:05,960 Speaker 2: thirty seven Max jets. Bloomberg Intelligence senior aerospace analyst George 36 00:02:05,960 --> 00:02:08,760 Speaker 2: Ferguson says this is a step in the right direction. 37 00:02:08,960 --> 00:02:11,520 Speaker 4: Bowe doesn't have a choice. Bowe's got to get callity 38 00:02:11,520 --> 00:02:14,000 Speaker 4: control or they got a major problem on their hands. 39 00:02:14,040 --> 00:02:19,000 Speaker 4: And so I guess I think, as an owner, I 40 00:02:19,080 --> 00:02:21,920 Speaker 4: think it is the path, probably a good path. Forward. 41 00:02:23,000 --> 00:02:27,200 Speaker 4: I do think they will get the quality issues in hand, 42 00:02:27,639 --> 00:02:28,760 Speaker 4: but it's going to take some time. 43 00:02:29,520 --> 00:02:30,080 Speaker 2: But they have to. 44 00:02:30,360 --> 00:02:31,240 Speaker 4: They have no choice. 45 00:02:31,360 --> 00:02:35,680 Speaker 2: Boeing has faced heightened scrutiny from regulators, lawmakers, and customers 46 00:02:35,960 --> 00:02:39,240 Speaker 2: after a fuselage panel covering an unused door flew off 47 00:02:39,520 --> 00:02:43,600 Speaker 2: while in Alaska. Airline seven thirty Max was airborne January fifth. 48 00:02:44,320 --> 00:02:46,880 Speaker 2: Reddit is eyeing evaluation of as much as six and 49 00:02:46,880 --> 00:02:50,320 Speaker 2: a half billion dollars in its initial public offering. According 50 00:02:50,360 --> 00:02:53,000 Speaker 2: to a person familiar with the matter, the social media 51 00:02:53,040 --> 00:02:55,520 Speaker 2: company plans to target a price range of thirty one 52 00:02:55,520 --> 00:02:58,040 Speaker 2: to thirty four dollars per share in the first time 53 00:02:58,120 --> 00:03:00,800 Speaker 2: share sale. This again, according to the person, who asked 54 00:03:00,840 --> 00:03:04,240 Speaker 2: not to be identified because the information is private. At 55 00:03:04,240 --> 00:03:07,080 Speaker 2: that price range, Reddit would have a fully diluded value 56 00:03:07,080 --> 00:03:10,440 Speaker 2: of about six billion to six point five billion. Reddit's 57 00:03:10,520 --> 00:03:13,800 Speaker 2: offering is being led by Morgan Stanley, Goldman Sachs, JP, 58 00:03:13,919 --> 00:03:17,000 Speaker 2: Morgan Chase, and Bank of America, according to its filings 59 00:03:17,000 --> 00:03:20,680 Speaker 2: with the US Securities and Exchange Commission. Details of the offering, 60 00:03:20,720 --> 00:03:24,040 Speaker 2: including the size and timing, could change. A representative for 61 00:03:24,080 --> 00:03:27,120 Speaker 2: Goldman Sachs declined to comment, while Bank of America JP 62 00:03:27,280 --> 00:03:31,560 Speaker 2: Morgan and Morgan Stanley didn't immediately respond to requests for comment. 63 00:03:32,280 --> 00:03:35,840 Speaker 2: The lack of blockbuster Hollywood films is having a ripple effect. 64 00:03:35,880 --> 00:03:38,680 Speaker 2: Bloomberg's Nancy Lyons explains. 65 00:03:38,320 --> 00:03:42,440 Speaker 1: Toymaker jack Specific lost a quarter of its market value Friday. 66 00:03:42,480 --> 00:03:46,160 Speaker 1: The company sells action figures, Halloween costumes, and other merchandise 67 00:03:46,600 --> 00:03:49,360 Speaker 1: tied to films. It says it likely will not see 68 00:03:49,360 --> 00:03:52,840 Speaker 1: its business improve until the fourth quarter, when Walt Disney's 69 00:03:52,880 --> 00:03:56,880 Speaker 1: Mohanna Live Action film and Paramount Globals Sonic the Hedgehog 70 00:03:56,920 --> 00:03:59,880 Speaker 1: film come out, and Jackson is an Alone has Broke 71 00:04:00,160 --> 00:04:03,360 Speaker 1: Mattel have both cited a weak Hollywood lineup for slower 72 00:04:03,440 --> 00:04:07,000 Speaker 1: sales this year. I'm Nancy Lyons, Bloomberg Radio. 73 00:04:06,880 --> 00:04:10,200 Speaker 2: And A dangerous storm made its way to California's Winter 74 00:04:10,280 --> 00:04:15,040 Speaker 2: resort region Friday, bringing life threatening conditions and a potential 75 00:04:15,080 --> 00:04:18,200 Speaker 2: to dump more than twelve feet that's right, he said, 76 00:04:18,240 --> 00:04:21,560 Speaker 2: twelve feet of snow. A blizzard warning is an effect 77 00:04:21,560 --> 00:04:25,279 Speaker 2: through Sunday for northern California, including the Lake Tahoe Resort 78 00:04:25,360 --> 00:04:28,800 Speaker 2: area in the Sierra Nevada, where wind and blowing snow 79 00:04:28,839 --> 00:04:32,719 Speaker 2: are making travel treacherous. The storm is coming in colder 80 00:04:32,760 --> 00:04:36,080 Speaker 2: than several past systems, so it will bring a lot 81 00:04:36,120 --> 00:04:39,719 Speaker 2: more snow over a larger region. Mountain travel will be 82 00:04:39,760 --> 00:04:44,200 Speaker 2: nearly impossible, with hurricane strength gusts potentially triggering power outages. 83 00:04:44,600 --> 00:04:47,200 Speaker 2: High winds and heavy snow are forecast to spread across 84 00:04:47,200 --> 00:04:50,880 Speaker 2: eight western states as far as Colorado. And that's news 85 00:04:50,920 --> 00:04:53,960 Speaker 2: When you wanted with Bloomberg News. Now I made Kleggi 86 00:04:54,240 --> 00:04:55,760 Speaker 2: and this is Bloomberg