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

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Speaker 1: Brian Curtis in Hong Kong. The US Supreme Court will

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Speaker 1: hear a challenge on Thursday that may determine whether or

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Speaker 1: not Donald Trump will be removed from some state's presidential ballots.

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Speaker 1: Bloomberg's Nancy Lyons.

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Speaker 2: Reports Colorado says the Fourteenth Amendment's insurrectionist clause renders former

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Speaker 2: President Trump ineligible to run for president due to his

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Speaker 2: connections to the January sixth assault in the Capitol. Courts

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Speaker 2: in ten other states have ruled the clause does not

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Speaker 2: apply to Trump. The Supreme Court will need to determine

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Speaker 2: if the clause can be invoked in the absence of

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Speaker 2: a court conviction or congressional action. It will also consider

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Speaker 2: whether the clause applies to the presidency and whether January

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Speaker 2: sixth was an insurrection in which Trump participated. Ahead of

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Speaker 2: the arguments, the chair of the Senate Judiciary Committee, Senator

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Speaker 2: Dick Durbin, has asked Justice Clarence Thomas to recuse himself.

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Speaker 2: In Washington, Nancy Lyons Bloomberg Radio.

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Speaker 1: Representative Al Green delivered the tie vote on Tuesday night,

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Speaker 1: prevented the impeachment of Homeland Security Secretary Alejandro More Alejandro Majorcus,

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Speaker 1: the Texas Democrat, has been recovering from emergency surgery. He

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Speaker 1: was dramatically wheeled into the House chamber donning a hospital

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Speaker 1: gown and socks. Speaking earlier from his hospital bed, Green

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Speaker 1: said he did not realize his vote would decide the outcome.

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Speaker 3: I quite cannily thought that the vote would pass. But

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Speaker 3: I knew that I had to do my job. I

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Speaker 3: knew that I wanted my vote to be counted because

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Speaker 3: I know Secretary of Majorcas, I know the good things

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Speaker 3: that he's done.

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Speaker 1: Al Green was a guest on Balance of Power. House

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Speaker 1: speaker Mike Johnson says they will move to impeach Majorcas

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Speaker 1: again when Majority leader Steve Scalise returns from cancer treatment. Well,

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Speaker 1: if you watch the Super Bowl for the commercials, there's

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Speaker 1: some good news. You can now get an advanced look

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Speaker 1: at some of those ads. Bloomberg's Karen Moscow explains.

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Speaker 4: Big advertisers are really seeing their commercials ahead of the

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Speaker 4: game in hopes of creating a pregame buzz, and the

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Speaker 4: ads released so far, Budweiser focuses on its iconic Clydesdale's

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Speaker 4: michelob Ultra capitalizes on the iconic star power of soccer

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Speaker 4: legend Leonel Messi and Uber Eats goes for a Laughs

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Speaker 4: with an ad where Jennifer Aniston forgets she starred in

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Speaker 4: Friends with David Schwimmer. Advertisers are reportedly paying some seven

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Speaker 4: million dollars for a thirty second spot Karen Moscow Bloomberg Radio.

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Speaker 1: And I Brian Curtis in Hong Kong. Let's check this

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Speaker 1: hour's top business stories and the markets. China's consumer prices

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Speaker 1: fell last month at the fastest pace since the global

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Speaker 1: financial crisis. The CPI dropped zero point eight percent in

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Speaker 1: January from a year ago. It was worse than economous

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Speaker 1: estimates of a zero point five percent decline. The PPI

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Speaker 1: fell two and a half percent. That was slightly better

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Speaker 1: than projections of a two point six percent decline. Factory

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Speaker 1: gate costs of stuck in deflation for some sixteen consecutive

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Speaker 1: months in China well. China has replaced the head of

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Speaker 1: its securities regulator, Bloomberg. Yivon Mann has more from Hong Kong.

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Speaker 5: Yihueiman has been replaced by Wu Ching as the new

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Speaker 5: chairman and party chief of the China Securities Regulatory Commission.

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Speaker 5: The abrupt dismissal of the fifty nine year old was

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Speaker 5: a surprise, as officials of his rank typically retire at

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Speaker 5: sixty five. The move may foreshadow more forceful measures by

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Speaker 5: President Chijiping's government in Hong Kong am yvon Mann Bloomberg Radio.

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Speaker 1: In other news, Ali Baba has announced a huge buyback

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Speaker 1: in shares, but it was largely ignored by investors. The

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Speaker 1: company's ADRs traded down almost six percent in New York

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Speaker 1: and they're down even more than that in Hong Kong,

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Speaker 1: off six point seven percent. Investors focused instead on weak

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Speaker 1: performance at Ali Baba's domestic e commerce business. On the buyback,

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Speaker 1: Ali Baba said he would add a further twenty five

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Speaker 1: billion dollars over the next three fiscal years to its

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Speaker 1: existing program. Catherine Limb from Bloomberg Intelligence explains why that

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Speaker 1: did not move the needle with investors.

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Speaker 6: They are going to be spending more in twenty twenty four.

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Speaker 6: They've also highlighted that there are uncertainties in market conditions

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Speaker 6: that may actually hamper divestment plans, including the IPO of Tanya.

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Speaker 6: So these were the two key things that actually stood

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Speaker 6: out that overshadow the enlarged share buyback program by the company.

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Speaker 1: Bloomberg Intelligence is Katherine Limb. Separately, Alibamba said it cut

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Speaker 1: twenty thousand workers over the course of twenty twenty three.

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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 Brian Curtis. This is Bloomberg