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Speaker 1: News when you want it with Bloomberg News now i

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Speaker 1: med Kalki. The US is prepared to recognize Russian control

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Speaker 1: of the Ukrainian region of Crimea as part of a

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Speaker 1: broader peace agreement between Moscow and Kei if this according

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Speaker 1: to people familiar with the matter, the potential concession is

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Speaker 1: the latest signal that President Trump is eager to cement

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Speaker 1: a ceasefire deal, and comes as he and Secretary of

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Speaker 1: State Marco Rubio suggested Friday that the administration is prepared

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Speaker 1: to move on from its peace brokering efforts unless progress

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Speaker 1: is made quickly. Crimea was taken by the Kremlin in

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Speaker 1: twenty fourteen following an invasion and subsequent referendum held under occupation,

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Speaker 1: and the international community has resisted recognizing the peninsula as

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Speaker 1: Russian to avoid legitimizing the illegal annexation. Treasury Secretary Scott

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Speaker 1: Besson appoint at his deputy Michael Falkender as the next

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Speaker 1: acting Commissioner of the IRS after reports the current leader

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Speaker 1: of the agency, Gary Shapley, had been installed at the

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Speaker 1: urging of Elon Musk without Beson's knowledge. Trust must be

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Speaker 1: brought back to the IRS. Besson said this an opposed

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Speaker 1: to ex on Friday, calling Falkander the right man for

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Speaker 1: the moment. Bessen said Shapely, who gained fame in conservative

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Speaker 1: circles after claiming the Justice Department had stalled an investigation

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Speaker 1: into whether former President Joe Biden's son had underpaid his taxes,

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Speaker 1: would remain among his most senior advisors. Donald Trump is

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Speaker 1: studying whether he's able to fire Federal Reserve Chairman Jerome Powell,

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Speaker 1: his top economist, said this Friday, a day after the

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Speaker 1: president publicly criticized the head of the Central Bank for

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Speaker 1: not moving fast enough to slash interest rates. Kevin Hassett

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Speaker 1: suggested that the FED under Powell, who was appointed by

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Speaker 1: Trump during his first term, acted politically to benefit Democrats.

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Speaker 2: In right away spending from Joe Biden was textbook inflationary,

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Speaker 2: and we didn't see anybody worrying about that. And then

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Speaker 2: they cut rates right ahead of the election.

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Speaker 3: And so if you think that it's unacceptable for President

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Speaker 3: Trump to.

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Speaker 2: Be frustrated with the policy history of the FED, that

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Speaker 2: I think that you gotta LIKETU explaining the dam.

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Speaker 1: On Thursday and A, Trump repeatedly aired his criticism of

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Speaker 1: Powell and suggests that he had the ability to remove

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Speaker 1: the FED cheer while sidestepping questions on whether it was

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Speaker 1: a path he would pursue. A federal judge who blocked

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Speaker 1: President Trump's administration from dismantling the Consumer Financial Protection Bureau

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Speaker 1: ruled Friday that the bureau cannot go forward immediately with

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Speaker 1: its plans to mess fire hundreds of employees. US District

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Speaker 1: Judge Amy Berman Jackson said she is deeply concerned that

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Speaker 1: Trump administration officials are not complying with her earlier order

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Speaker 1: that maintains the Bureau's existence until she rules on the

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Speaker 1: merits of a lawsuit seeking to preserve it. Capital One

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Speaker 1: received approval from US regulators to buy Discover Financial Services,

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Speaker 1: a deal which creates the nation's biggest credit card issuer

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Speaker 1: by loan volume. The Federal Reserve in the Office of

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Speaker 1: the Controller of the Currency regulators responsible for approving the

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Speaker 1: deal announced their decisions in separate statements on Friday. A

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Speaker 1: more profitable Netflix makes a major change to how it

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Speaker 1: reports earnings. Bloomberg's Andrew O'Day has the story.

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Speaker 3: Rice increase, and a strong slate of programming across the globe,

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Speaker 3: including the hit UK series Adolescence, help propel Netflix to

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Speaker 3: a better than forecast profit to start the year. The

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Speaker 3: owner of the world's most popular online TV network says

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Speaker 3: earnings increased by a quarter in the first quarter, sales

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Speaker 3: rose thirteen percent. This is the first time Netflix has

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Speaker 3: reported financial results without disclosing how many customers it eded

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Speaker 3: or lost. That had been the main yardstick investors used

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Speaker 3: to gauge the company's success. And Rode Bloomberg.

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Speaker 1: Radio, tariffs are giving second hand shops a new lease

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Speaker 1: on life. We get more on this from Bloomberg's Denise Pellegrini.

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Speaker 4: Things may be looking up for goodwill, the Salvation Army, Facebook, Marketplace, eBay, Postmark,

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Speaker 4: thread Up, and others thanks to President Trump's tariffs and

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Speaker 4: tariff threats because increases in tariffs on imported clothes give

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Speaker 4: second hen retailers here in the US and edge. According

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Speaker 4: to Dylan Carden, consumer analyst at William Blair, drift is not.

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Speaker 2: Up against the same issue, so they can hold their

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Speaker 2: prices study in. Because of that, there would be a

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Speaker 2: better value proper position. Because of that, you think there'd

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Speaker 2: be higher demand.

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Speaker 4: Higher demand on top of already increasing interest in use clothing,

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Speaker 4: especially among younger generations.

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Speaker 2: Online cutting gamification if you will, Let's drift and the

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Speaker 2: Stigma's Gone.

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Speaker 4: Thread Up says consumers are worried tariffs will make clothes

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Speaker 4: more expensive, and almost sixty percent plan to seek more

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Speaker 4: affordable options. Poshmark says tariffs makes secondhand and increasingly cost

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Speaker 4: effective resource for US consumers, and Capital One says consumers

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Speaker 4: who shop secondhand can save more than seventeen hundred dollars

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Speaker 4: a year. Denise Pelgritty Bloomberg Radio.

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Speaker 1: Markets were closed with the Good Friday holiday. The US

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Speaker 1: Treasury Secretary must defend the Trump Administration's unpredictable economic agenda

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Speaker 1: while maintaining investors faith in US bonds. Scott Besson's Tightrope Walk.

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Speaker 1: You can read all about it in Bloomberg's weekend edition,

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Speaker 1: exploring the places where finance, life and culture meat. Find

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Speaker 1: it now on Bloomberg dot Com and the Bloomberg Business app.

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Speaker 1: That's News when you want it with Bloomberg News Now.

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Speaker 1: I made Kolengi.

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Speaker 2: This is Bloomberg