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Speaker 1: News when you wanted with Bloomberg News Now, I'm Larry Kofsky.

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Speaker 1: The US Supreme Court has agreed to consider whether Colorado

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Speaker 1: can bar former President Donald Trump from the ballot based

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Speaker 1: on his attempt to overturn the twenty twenty election. The

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Speaker 1: Colorado Supreme Court ruled that the former president engaged in

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Speaker 1: insurrection and forfeited his right to run for president again.

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Speaker 2: A U.

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Speaker 1: S Supreme Court decision in Trump's favor would end efforts

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Speaker 1: around the country to remove him from the ballot. A

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Speaker 1: ruling against him would fuel that drive and raise new

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Speaker 1: questions about the viability of his candidacy. The case will

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Speaker 1: be heard on an expedited basis with arguments. On February eighth,

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Speaker 1: President Biden is casting the twenty twenty four election as

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Speaker 1: one in which American democracy is at stake. In his

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Speaker 1: first campaign event of the year, the President warned against

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Speaker 1: returning former President Trump to the White House.

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Speaker 3: Probably post on social media the words that best described

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Speaker 3: as twenty twenty four campaign quote, revenge, quote, power quote, dictatorship.

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Speaker 1: The President's speech near Valley Forge, Pennsylvania, came one day

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Speaker 1: before the third anniversary of the January sixth, twenty twenty

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Speaker 1: one attack on the US Capitol. There seems to be

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Speaker 1: no stopping the US jobs machine. The government's December employment

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Speaker 1: report came in stronger than expected. We hear more from

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Speaker 1: Bloomberg's Vinnie del Judi.

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Speaker 4: Labor Department reports job growth picked up in December, a

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Speaker 4: gain of two hundred and sixteen thousand wages rose, Unemployment

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Speaker 4: held steady at three point seven percent, and a breadth

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Speaker 4: of job gains improved. Healthcare, government and construction led last

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Speaker 4: month's employment gain. Vinitel jedeis Bloomberg Radio.

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Speaker 1: The report raised new concerns on Wall Street that interest

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Speaker 1: rates might stay higher for longer, while adding to evidence

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Speaker 1: that the economy is headed for a soft landing. It

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Speaker 1: was a choppy day for stocks, with the main averages

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Speaker 1: gaining a tenth of a percent or less. As Wall

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Speaker 1: Street considered the prospect of a soft landing, Treasury Secretary

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Speaker 1: y Joannet Yellen told CNN, we've already achieved it.

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Speaker 4: What we're seeing now, I think we can describe as

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Speaker 4: a soft landing, and my hope is that it will

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Speaker 4: it will continue.

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Speaker 1: Yellen zeroed in on the latest wage data, which showed

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Speaker 1: average hourly earnings rose one point four percent in twenty

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Speaker 1: twenty three. The leader of the nation's largest gun rights

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Speaker 1: group is stepping down. Bloomberg Steve Rappaport has that story.

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Speaker 5: After decades of a mission governed by this.

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Speaker 2: Mantra, the only thing that stops a bad guy with

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Speaker 2: a gun is a good guy with a gun.

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Speaker 5: Wayne Lapierre announced his resignation from the National Rifle Association,

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Speaker 5: effective at the end of the month. The NRA says

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Speaker 5: the seventy four year old is stepping down for health reasons,

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Speaker 5: but Lapierre isn't stepping down from the fight, saying his

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Speaker 5: passion for Second Amendment writes burns as deeply as ever.

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Speaker 5: Lapierre's announcement comes days before a civil trial in which

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Speaker 5: he's accused of diverting millions of dollars from the group

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Speaker 5: for personal travel and other perks. Steve Rappaport, Bloomberg Radio.

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Speaker 1: Firms that want to launch a spot bitcoin exchange traded

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Speaker 1: fund have cleared a major hurdle on the path to

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Speaker 1: gaining sign off from US regulators. Sources say the Securities

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Speaker 1: and Exchange Commissions staff told several exchanges and issuers seeking

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Speaker 1: to list the ETFs to submit a final version of

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Speaker 1: a key document as soon as Friday, James Sayfard at

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Speaker 1: Bloomberg Intelligence with more on what comes next.

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Speaker 2: Things are looking very close to being mostly done. We

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Speaker 2: need this to get final approval, which again we're expecting

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Speaker 2: to come next week, and then there's another one more

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Speaker 2: final step that should just be one little thing left

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Speaker 2: to do before these things can ultimately launch.

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Speaker 1: James Seyfard at Bloomberg Intelligence says these ETFs could launch

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Speaker 1: either late next week or the week after. Get out

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Speaker 1: your hats, gloves, and maybe even your snow shovel. The

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Speaker 1: Northeast is gearing up for the first big winter storm

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Speaker 1: and over a year. Snow was expected to skip Washington,

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Speaker 1: DC and Philadelphia. Boston could get up to six inches.

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Speaker 1: Bloomberg Weather analyst Brian K. Sullivan says for New York City,

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Speaker 1: it's a coin toss.

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Speaker 3: New York is right on the cusp of the rain

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Speaker 3: snow mine, So if the storm wobbles just a little bit,

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Speaker 3: it'll be all rain in New York or it could

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Speaker 3: be all snow in New York.

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Speaker 1: This storm signals the start of a pattern change that

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Speaker 1: could bring winter weather systems plowing across the US into

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Speaker 1: the Northeast. Every few days until at least the middle

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Speaker 1: of January, according to the US Weather Prediction Center. And

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Speaker 1: that's news when you want it with Bloomberg News Now,

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Speaker 1: I'm Larry Kofski. This is Bloomberg