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

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Speaker 1: Doug Prisner. Majority Leader Chuck Schumer saying today the US

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Speaker 1: Senate will hold a series of votes on Thursday. They

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Speaker 1: will be on amendments and final passage of the stopgap

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Speaker 1: funding bill. Earlier today, US Treasury Secretary Janet Yellen called

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Speaker 1: on Congress to pass a bill and avert a partial

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Speaker 1: government shutdown on January twentieth.

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Speaker 2: Failing to fund the government by this Friday's deadline would

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Speaker 2: harm American families and small businesses across the country. I'm

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Speaker 2: heartened there's bipartisan agreement and urge members of Congress to

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Speaker 2: meet the deadline to prevent an unnecessary shutdown and protect

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Speaker 2: the critical domestic and national priorities we've advanced over the

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Speaker 2: past three years.

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Speaker 1: Treasury Secretary Yellen, there now a short term spending measure

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Speaker 1: would fund those US agencies set to run out of

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Speaker 1: money at the end of the week through March thirty.

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Speaker 3: First.

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Speaker 1: Meantime, the law awaited conversation between President Biden and congressional

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Speaker 1: leaders regarding aid to Ukraine did not yield results. More

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Speaker 1: from Bloomberg's at Baxter.

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Speaker 4: The GOP issue going in border border border at House

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Speaker 4: Speaker Mike Johnson says that's what he talked about. I

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Speaker 4: told the President what I have been saying for many months,

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Speaker 4: and that is that we must have change at the

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Speaker 4: border substantive policy chain, and says that was not in

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Speaker 4: the offing. Different picture from Senate Majority Leader Chuck Schumer.

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Speaker 1: If we don't come to Ukraine's aid that the consequences

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Speaker 1: for America around the globe would be nothing short of devastating.

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Speaker 4: And President Biden says he told congressional leaders that they

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Speaker 4: must act now on the border. At Baxter Bloomberg Radio.

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Speaker 1: The US launched another round of strikes overnight at fourteen

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Speaker 1: Hoothy targets in Yemen. This has the military group's persistent

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Speaker 1: attacks on merchant vessels in the Red Sea continue, the

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Speaker 1: US Central Command saying its forces targeted Houthi missiles just

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Speaker 1: for midnight. Here's Bloomberg's bill Ferries.

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Speaker 5: You kind of wonder how long the world can go

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Speaker 5: with largely without this major trading route. It's already costing

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Speaker 5: Egypt in terms of traffic. You know the taffiic tolls

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Speaker 5: that it gets through the Suez Canal, but you know

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Speaker 5: the Hutis say they will continue their fight as long

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Speaker 5: as Israel. Israeli forces remain in Gaza. There's really no

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Speaker 5: sign at this point of Israel backing down in the

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Speaker 5: Gaza campaign, so we certainly seem to be talking about

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Speaker 5: weeks or months at this point.

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Speaker 1: That is Bloomberg's Bill Ferries. Singapore's Transport Minister s Iswaran

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Speaker 1: has resigned this after being charged with corruption. It's the

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Speaker 1: latest development in the biggest political scandal to hit the

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Speaker 1: city state in about forty years. A FED survey of

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Speaker 1: its regional bank show strong retail spending helped propel the

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Speaker 1: American economy in recent weeks. It's the latest Beige Book,

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Speaker 1: and it says US consumers delivered some seasonal relief over

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Speaker 1: the holidays, generally meeting expectations. Here's Bloomberg's Michael McKee.

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Speaker 3: I would say, it seems that people have jobs now,

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Speaker 3: more people are working than ever, and each month we

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Speaker 3: get another two hundred thousand or so on payrolls than

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Speaker 3: that money is going into their pockets and then going

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Speaker 3: back out again. Is less being spent on gasoline, so

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Speaker 3: there can be more spent on other things. And overall

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Speaker 3: it's just the sign of a reasonably healthy economy, that

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Speaker 3: unemployment's low and people are able to keep spending.

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Speaker 1: That is Bloomberg's Michael McKee also today are reading on

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Speaker 1: US retail sales for December. The data show sales rising

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Speaker 1: by the most in three months. JP Moore CA and

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Speaker 1: Chase CEO Jamie Diamond says it's a fine line to

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Speaker 1: walk for investors, but China is open for American business.

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Speaker 1: Diamond sat down with CNBC on the sidelines of the

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Speaker 1: World Economic Forum in Davos.

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Speaker 6: They've been very consistent in opening up. Took a long time,

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Speaker 6: so we have full license there now. But I think

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Speaker 6: you know, anyone who's looking at invest in there has

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Speaker 6: to be a little worried. So and you know, the

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Speaker 6: reward has changed dramatically, you know, and of course you

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Speaker 6: know it's coming. Like JP Morgan, I always when it

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Speaker 6: comes to foreign policy, Blincoln decides and the President, you know,

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Speaker 6: I salute. I'm an American patriot. But they want us there.

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Speaker 6: They're they're not asking America companies to leave.

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Speaker 1: That is Jamie Dimond, the CEO of JP Morgan Chase. Incidentally,

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Speaker 1: he is the longest serving CEO of a major US bank,

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Speaker 1: and he has long pointed to geopolitical tensions as a

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Speaker 1: major challenge for the global economy. That's news when you

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Speaker 1: want it, with Bloomberg News Now. I'm Doug Chrisner, and

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Speaker 1: this is Bloomberg