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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. A fuel tanker tied to

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Speaker 1: Traffegura Group was struck Friday by a missile as it

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Speaker 1: transited the Red Sea. This happened about fifty five miles

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Speaker 1: southeast of Aiden Yemen. The area is an unavoidable route

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Speaker 1: for any carrier wanting to use the Suez Canal to

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Speaker 1: cut between Asia and Europe. More from Bloomberg's Charlie Pellett,

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Speaker 1: The area.

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Speaker 2: In question and the southern Red Sea have been the

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Speaker 2: center of multiple attacks on ships by Huthy militants in

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Speaker 2: recent weeks. Since mid November, the Houthis have launched near

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Speaker 2: daily attacks on vessels transiting the waterway in an act

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Speaker 2: of solidarity with Palestinians amid the war between Israel and

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Speaker 2: the militant group Hamas. The conflict has rerooted trade flows

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Speaker 2: as some shippers avoid the key waterway Charlie Pellett, Bloomberg Radio.

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Speaker 1: President Joe Biden is facing mounting pressure to confront Iran

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Speaker 1: about support of militant organizations. Bloomberg's Ed Baxter as the story.

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Speaker 3: This is coming as an attack by militants and Jordan

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Speaker 3: killed three troops and wounded twenty five others. There are

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Speaker 3: discussions underway regarding a number of options, including covert operations

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Speaker 3: and multiple military strikes. The new Chair of the Joint

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Speaker 3: Chiefs of Staff, General C Q. Brown, says questions in

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Speaker 3: the Middle East boiled down now to deterrence.

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Speaker 2: We think about the approach we take. We want to

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Speaker 2: ensure that we take away capability while we protect our

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Speaker 2: forces at the same time, not have this brought into

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Speaker 2: a much wider conflict.

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Speaker 3: None of the attacks so far have slowed down the

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Speaker 3: Iranian proxies. At Baxter Bloomberg Radio.

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Speaker 1: The cable TV networks may be hoping for a big

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Speaker 1: election year that boosts their viewership. They might not get it,

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Speaker 1: As we hear from Bloomberg's Nathan Hager in Washington.

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Speaker 4: Primetime viewership so far this season for Fox News, CNN,

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Speaker 4: and MSNBC has averaged about three point seven million viewers.

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Speaker 4: That's down from the six and a half million who

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Speaker 4: tuned into cable news four years ago to get the

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Speaker 4: latest on the pandemic. In the twenty twenty race, this

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Speaker 4: year's more challenging for cable news. Donald Trump has sat

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Speaker 4: out the debates. A Trump Biden rematch seems like a

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Speaker 4: foregone conclusion, and polls show most Americans don't want one.

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Speaker 4: In Washington, I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: Meantime, US and Chinese officials are set to meet in

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Speaker 1: Beijing to discuss efforts to clamp down on fentanyl trafficking.

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Speaker 1: Senior officials from the Departments of Homeland, Security, Justice, State,

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Speaker 1: and Treasury will participate. Those talks begin tomorrow. Hong Kong

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Speaker 1: court has ordered the giant developer China Evergrand to liquidate.

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Speaker 1: Evergrand was unable to come to a restructuring agreement with

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Speaker 1: its creditors. The winding up order is likely to send

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Speaker 1: ripples through China's markets. The liquidor is likely to face

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Speaker 1: a daunting process. Most Evergrand projects are operated by local units,

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Speaker 1: it could be difficult to seize by the offshore liquidator.

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Speaker 1: China will halt the lending of certain shares for a

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Speaker 1: short selling beginning today. More from Bloomberg's Joan Wong.

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Speaker 5: In Hong Kong, the China Securities Regulator Commission is moving

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Speaker 5: to support the country's slumping stock markets. Strategic investors will

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Speaker 5: not be allowed to lend out shares during lock up periods.

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Speaker 5: Authorities are taking measures following an alarming slide in Chinese stocks.

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Speaker 5: The MSCI China index has lost sixty percent from a

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Speaker 5: twenty twenty one high. The CSRC also filed yesterday to

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Speaker 5: crack down on other lock up restrictions, including the timing

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Speaker 5: of the stock lending in Hong Kong. Join Wang Bloomberg Radio.

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Speaker 1: China is planning to fold three of its biggest state

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Speaker 1: owned bad debt managers into its sovereign wealth fund that's

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Speaker 1: the China Investment Corp. The extent of the transfer was

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Speaker 1: not made public. US and Chinese officials are also set

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Speaker 1: to meet in Beijing soon. They'll discuss efforts to clamp

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Speaker 1: down on fentanyl trafficking. Well a big week for earnings,

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Speaker 1: with Wall Street looking for new clues as to where

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Speaker 1: the market might head. Nadia Level is senior US equity

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Speaker 1: strategist at UBS Financial Services.

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Speaker 6: We do expect tech to be able to deliver our

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Speaker 6: to earn. Some of our early checks are already pointed

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Speaker 6: to that. So we think that this market can continue

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Speaker 6: to be a grind high now in fantas you know,

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Speaker 6: the market is not too far from our base case

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Speaker 6: scenario for five thousand on the S and P five hundred.

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Speaker 1: Meantime, the Biden administration is set to announce massive subsidies

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Speaker 1: to chip makers by the end of March. The companies

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Speaker 1: include Intel and Taiwan Semiconductor. In sports news, the NFL

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Speaker 1: Championship weekend has come to a close. The Kansas City

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Speaker 1: Chiefs outlasted the Baltimore Ravens with the final score of

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Speaker 1: seventeen to ten. Tight end Travis Kelsey caught all eleven

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Speaker 1: of his targets for one hundred and sixteen yards and

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Speaker 1: a touchdown. In the NFC matchup, the San Francisco forty

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Speaker 1: nine Ers beat the Detroit Lions thirty four to thirty one.

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Speaker 1: The Niners will head to Las Vegas to face the

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Speaker 1: Chiefs in a rematch of twenty twenty one's big game.

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Speaker 1: Super Bowl fifty eight, will take place on Sunday, February eleventh.

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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 Brion Curtis. This is loser