WEBVTT - CME Mess Aftermath, Airbus Warns A320 Needs Software Fix, More

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<v Speaker 1>News when you want it with Bloomberg News Now, I'm

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<v Speaker 1>made Kleggy. A massive outage on trading in almost all

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<v Speaker 1>CME futures and options at the Chicago Mercantile Exchange Thursday

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<v Speaker 1>night and into Friday has people giving the data center

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<v Speaker 1>behind the problem once over. We get more on this

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<v Speaker 1>from Bloomberg's Denise Pellegrini.

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<v Speaker 2>The data center in Aurora, Illinois is probably best known

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<v Speaker 2>for serving as the setting of the comedy film Wayne's World,

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<v Speaker 2>but the overheating problem it experienced was no joke. The

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<v Speaker 2>Cyrus one facility has at least twenty five quadrillion dollars

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<v Speaker 2>of presumed trading volume passing through it every day, and

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<v Speaker 2>now the incident at the company, owned by KKR and

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<v Speaker 2>Global Infrastructure Partners, is raising questions about the design of

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<v Speaker 2>the cooling system and also its disaster recovery plans. That

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<v Speaker 2>also has some wondering about the reliability of other data centers.

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<v Speaker 2>Denise Pellegriney Bloomberg Radio.

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<v Speaker 1>Airbus caution that more than half of its active A

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<v Speaker 1>three to twenty jetliner family fleet will need a software

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<v Speaker 1>fix after a recent incident involving a Jet Blue airliner

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<v Speaker 1>revealed that intense solar radiation could corrupt data that helps

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<v Speaker 1>maintain functioning flight controls. The company said more than sixty

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<v Speaker 1>five hundred jets in total may be impacted by the

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<v Speaker 1>required fix. The advisory follows an incident on October thirtieth

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<v Speaker 1>involving a Jet Blue aircraft flying from Cancun to Newark

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<v Speaker 1>that suffered a computer glitch, resulting in a sudden, unexpected

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<v Speaker 1>downward pitch without pilot input. President Trump says he is

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<v Speaker 1>terminating every document former President Joe Biden signed with an autopen.

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<v Speaker 1>We get to tail some Bloomberg's Monica ricks.

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<v Speaker 3>President Trump says he's terminating every document former President Biden

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<v Speaker 3>signed with an autopen. In a true social post, Trump

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<v Speaker 3>accused Biden of signing approximately ninety two percent of documents

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<v Speaker 3>through the use of an autopen, and threatened perjury charges

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<v Speaker 3>against Biden if he claimed he consented to the use

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<v Speaker 3>of the mechanical pen to sign papers. Trump claims Biden's

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<v Speaker 3>staff used it illegally because the former president wasn't in

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<v Speaker 3>control of his own presidency. It's not clear, though, what

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<v Speaker 3>lee pushback Trump could receive from trying to nix Biden's

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<v Speaker 3>past orders, or how federal agencies that have been impacted

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<v Speaker 3>by the former president's policies will respond. Monica Rix Bloomberg Radio.

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<v Speaker 1>The New York Times reports President Trump spoke with Venezuelan

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<v Speaker 1>leader Nicholas Maduro last week and the two discussed a

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<v Speaker 1>possible meeting as the US ramps up pressure on Caracas

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<v Speaker 1>ahead of potential military strikes. The leaders still have not

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<v Speaker 1>made plans for such a meeting, adding that US Secretary

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<v Speaker 1>of State Marco Rubio joined the two presidents on the call.

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<v Speaker 1>The call comes as the US in recent months has

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<v Speaker 1>been intensifying pressure on Venezuela, part of a counter narcotics

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<v Speaker 1>operation targeting drug trafficking that the Trump administration says is

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<v Speaker 1>being led by Maduro's regime. A Ukrainian delegation is heading

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<v Speaker 1>to the US for further discussions over a peace plan

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<v Speaker 1>pushed by President Trump. The group is expected to meet

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<v Speaker 1>with US Special Envoy Steve Whitcoff and Trump's son in law,

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<v Speaker 1>Jared Kushter in Florida. Whitcoff is said to lead a

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<v Speaker 1>US delegation for talks in Russia next week. A phone

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<v Speaker 1>call last month between Whitcoff and a scene your Qumentlin

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<v Speaker 1>official revealed how Trump's envoy suggested they work together on

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<v Speaker 1>a plan for Ukraine. This according to a recording reviewed

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<v Speaker 1>by Bloomberg, Ukrainian President Vlodimir Zelenski's powerful chief of staff

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<v Speaker 1>resigned after becoming ensnared in a corruption investigation, Andrey Yermak

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<v Speaker 1>has been lead negotiator in peace talks. The move followed

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<v Speaker 1>a search of Irmac's apartment by anti graft investigators early Friday.

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<v Speaker 1>Well the the authorities didn't explain the raid, and followed

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<v Speaker 1>news of a widening probe involving several ministers and one

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<v Speaker 1>of Zelenski's former business partners. Irmac said he was cooperating

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<v Speaker 1>fully with the investigation. President Trump has announced an immediate

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<v Speaker 1>pause and immigration from third world countries. Terry Haines, founder

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<v Speaker 1>of Pangee Policy, talked about it in a Bloomberg interview.

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<v Speaker 4>The President, as he normally does, is taking an immediate

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<v Speaker 4>position that's very action oriented. And remember that the administration

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<v Speaker 4>already makes much out of the fact that illegal immigration

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<v Speaker 4>of this country is basically stopped.

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<v Speaker 1>Terry Haynes, founder of Pangeo Policy, Expectations that the Federal

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<v Speaker 1>Reserve will cut interest rates faster than initially anticipated, has

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<v Speaker 1>fueled a late month rebound on Wall Street. Juliat Carnado

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<v Speaker 1>is founder and president of Macro Policy Perspectives and says

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<v Speaker 1>the possibilities are twofold with the market price for several

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<v Speaker 1>rate cuts next year.

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<v Speaker 5>I think either we're going to get one and done

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<v Speaker 5>because things are stabilizing and growth is going to be

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<v Speaker 5>okay and the AI story has enough legs to power

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<v Speaker 5>the economy, or we're really starting. You know, we're in

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<v Speaker 5>the early game turning of the labor market and the

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<v Speaker 5>Fed is going to have to cut not just to neutral,

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<v Speaker 5>but through to neutral to an accommodate.

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<v Speaker 1>Interesting. Julia Carnado with Macro Policy Perspectives Friday on Bloomberg Surveillance.

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<v Speaker 1>The Friday numbers on Wall Street the down game two

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<v Speaker 1>eighty nine. NASDAC added one point fifty one. The S

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<v Speaker 1>and P was up thirty six. The ten year treasury

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<v Speaker 1>yield four point zero one percent, the two year is

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<v Speaker 1>at three point four to nine percent. That's news when

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<v Speaker 1>you want it with Bloomberg News. Now I made Koleggy.

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<v Speaker 1>This is Bloomberg