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

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Speaker 1: in Kalengi. The world economics tectonic plates will shift this

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Speaker 1: week when a US easing cycle begins, just as officials

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Speaker 1: from Europe too anxious at policy against a backdrop of

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Speaker 1: Britel markets. A thirty six hour monetary roller coaster will

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Speaker 1: start with the Federal Reserve's probable decision to cut interest

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Speaker 1: rates on Wednesday and finish on Friday with the outcome

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Speaker 1: of the Bank of Japan's first meeting since it raised

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Speaker 1: borrowing costs and helped sove the seeds of a global

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Speaker 1: sell off. Along the way, central banking peers in the

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Speaker 1: Group of twenty and beyond that are poised to adjust

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Speaker 1: their own policy levers include Brazil, where officials may tighten

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Speaker 1: for the first time in three and a half years,

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Speaker 1: and the Bank of England. The UK Central Bank faces

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Speaker 1: a delicate judgment on the pace of its balance sheet

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Speaker 1: unwind and may also signal how ready it is to

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Speaker 1: ease further. Thousands of firefighters, aided by cooler weather, made

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Speaker 1: progress Saturday against three southern California wildfires, and officials in

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Speaker 1: northern Nevada were hopeful that almost all evacuees from a

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Speaker 1: blaze there could soon be home. Authorities have started scaling

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Speaker 1: back evacuations at the largest blaze, the Bridge Fire, east

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Speaker 1: of Los Angeles, has burned eighty one square of miles,

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Speaker 1: towarded at least thirty three homes and six cabins, and

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Speaker 1: forced the evacuation of ten thousand people. State fire official

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Speaker 1: say two firefighters have been injured in the blaze. A

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Speaker 1: former Jeffrey's Financial Group hedge fund manager who was sued

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Speaker 1: for allegedly defrauding the fund out of more than one

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Speaker 1: hundred million dollars, is apparently now also facing a federal

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Speaker 1: criminal probe. More from Bloomberg's than Ease Pellegrini.

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Speaker 2: We are hearing that Manhattan federal prosecutors are now investigating

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Speaker 2: Jordan Cherico. A source says they're looking at allegations by Jeffreys'

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Speaker 2: fund three fifty two Capital. According to three fifty two's

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Speaker 2: civil suit, Jerico directed the purchase of a large quantity

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Speaker 2: of bonds issued by filtered water vending machine operator water

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Speaker 2: Station Management, and continued to put three fifty two's money

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Speaker 2: in the scheme even though he knew the machines didn't

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Speaker 2: exist In part to recoup his own investment. Cheriico and

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Speaker 2: his lawyers say in court filings he was wrongfully terminated,

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Speaker 2: and they call the allegations unsubstantiated. Jeffries declined to comment,

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Speaker 2: and water Station didn't rest spond the messages seeking comment.

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Speaker 2: Denise Pellygriddy, Bloomberg Radio.

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Speaker 1: Norfolk Southern's new chief executive Officer, Mark George says the

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Speaker 1: railroad is ready for a fresh start after a painful

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Speaker 1: eighteen month period involving a trained derailment and activist proxy

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Speaker 1: fight and the surprise ouster of his predecessor. The story

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Speaker 1: from Bloomberg's Charlie Pellett.

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Speaker 3: Speaking at a Morgan Stanley conference, George said the eighteen

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Speaker 3: months has been brutal for our organization and for our employees. George,

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Speaker 3: who previously served as Norfolk Southern's chief financial officer, abruptly

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Speaker 3: took on the CEO job last week after Alan Shaw

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Speaker 3: was fired for having a relationship with the company's chief

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Speaker 3: legal officer. Shaw had been billed as the speaker at

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Speaker 3: the conference before his dismissal in New York Charlie Pellett

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Speaker 3: Bloomberg Radio.

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Speaker 1: The presidential candidates are making plenty of economic promises in

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Speaker 1: the final stretch of the campaign. But there's one side

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Speaker 1: of the so called Trump tray that Wall Street pros

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Speaker 1: are starting to avoid. We get the details from Bloomberg's

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Speaker 1: Nathan Hagar in Washington.

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Speaker 4: Donald Trump likes to sum up his ennery g policy

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Speaker 4: in three words big, but money. Managers are warning that

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Speaker 4: drilling for new oil and gas could upset the delicate

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Speaker 4: supply and demand balance in the global commodities market and

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Speaker 4: drive prices for fossil fuels lower. Well, that's great for

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Speaker 4: consumers and voters at the gas pump, Analysts on Wall

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Speaker 4: Street say it is hardly a recipe for higher profits

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Speaker 4: and therefore rising stock prices for companies in the energy industry.

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Speaker 4: Nathan Hager Bloomberg Radio.

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Speaker 1: The US Postal Service is putting the squeeze on shipping consolidators,

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Speaker 1: and that could lead to higher costs. Bloomberg's Amy Morris reports.

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Speaker 5: The Postal Service is ending discounts that shipping consolidators like

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Speaker 5: UPS and dhl us to get their packages delivered. It's

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Speaker 5: a move meant to help the Postal Service slow losses,

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Speaker 5: but consumers could wind up paying those higher costs. The

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Speaker 5: changes affect nearly two billion packages each year that consolidators

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Speaker 5: send through the Postal Service, roughly a quarter of its

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Speaker 5: total parcel volume. Postmaster General Lewis to Joy says the

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Speaker 5: move is more efficient and should boost revenue. Amy more

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Speaker 5: as Bloomberg Radio.

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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 Kleggi and this is Bloomberg