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

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Speaker 1: med Keleggy. President Dean Donald Trump selected Brook Rollins, who

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Speaker 1: heads a policy institute created to promote his agenda, as

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Speaker 1: his nominee for u S Secretary of Agriculture. Rollins's commitment

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Speaker 1: to supporting farmers, food self sufficiency and the restoration of

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Speaker 1: agriculture dependent American small towns is second to none, Trump

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Speaker 1: said this Saturday in a statement. Rollins's president of the

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Speaker 1: America First Policy Institute, which he founded in twenty twenty

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Speaker 1: one to lay the groundwork for Trump's eventual return to

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Speaker 1: the White House. Its tasks included creating how to guides

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Speaker 1: for incoming staffers and policy recommendations from people who serve

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Speaker 1: during the first Trump administration. President de Laik Trump has

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Speaker 1: chosen Scott Bessant, head of the Macro Hedge Fund Key

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Speaker 1: Square Group, to be his Treasury Secretary, and as Bloomberg's

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Speaker 1: Denise Pellegrini reports, Besson stands out among Trump's picks. He

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Speaker 1: summoned Wall Street and Republicans in general.

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Speaker 2: Actually like with one cabinet pick after another, President Elect

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Speaker 2: Donald Trumps thumbed his nose, According to Bloomberg, at US

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Speaker 2: military brass public health experts, and even lawmakers in his

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Speaker 2: own party. Not so with his pick for Treasury, who

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Speaker 2: will be responsible for oversight of the mess of US

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Speaker 2: government debt, market, tax collection, and economic sanctions. Besant is

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Speaker 2: a real crowd pleaser on Wall Street. He has deep

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Speaker 2: familiarity with global financial systems and currency markets, and while

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Speaker 2: he's indicated he will back the president elects tariff plans

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Speaker 2: and fight to extend Trump's tax cuts, Bessant isn't known

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Speaker 2: as an idiologue, and that's sparking Wall Street expectations that

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Speaker 2: he will prioritize economic and market stability over scoring political points.

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Speaker 2: Denise Pelgrity, Bloomberg Radio.

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Speaker 1: Starting a small business is hard and exiting can be

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Speaker 1: even harder, but planning early is the key. Bloomberg's Amy

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Speaker 1: Morris reports.

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Speaker 3: Figuring out what to do with a small business when

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Speaker 3: the owner is ready to retire can be difficult, so

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Speaker 3: it is best to have a plan in advance of

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Speaker 3: making a big change. Most people in the US retire

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Speaker 3: in their sixties, and about five fifty one percent of

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Speaker 3: small business owners over the age of fifty five. That's

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Speaker 3: according to the Census Bureau. The most common options include

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Speaker 3: creating a succession plan for a family member or someone

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Speaker 3: already involved in the business, selling the business to an outsider,

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Speaker 3: or simply winding down the business and shuddering it. In Washington,

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Speaker 3: Amy Moore as Bloomberg Radio.

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Speaker 1: One of the most divisive elections in recent US history

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Speaker 1: is prompting some Americans to consider moving overseas. Bloomberg's Nathan

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Speaker 1: Higger has the story from Washington.

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Speaker 4: Interest in so called golden visas, which give residency rights

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Speaker 4: through real estate purchases or other investments, has spiked since

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Speaker 4: Donald Trump's victory this month. The head of one consultancy,

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Speaker 4: Lavina Golden Visas, says traffic to his site spiked twenty

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Speaker 4: threefold the day after the election. Another immigration firm says

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Speaker 4: inquiries quadrupled on election week. Golden visas have seen a

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Speaker 4: backlash from some governments in recent months, but they are

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Speaker 4: still available to Americans and others with the flexibility and

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Speaker 4: cash to afford them. In Washington, I'm Nathanker Bloomberg Radio.

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Speaker 1: Sources tell Bloomberg Ally Financial was exploring a sale of

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Speaker 1: its credit card arm. We get that story from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 5: It's according to sources and it comes after all I

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Speaker 5: got back into that business through an acquisition three years ago,

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Speaker 5: they say. The Detroit based auto lender is working with

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Speaker 5: a financial advisor to find buyers for the unit. While

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Speaker 5: it isn't clear what the business is worth. ALLI agreed

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Speaker 5: to pay seven hundred and fifty million dollars for the

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Speaker 5: unit in twenty twenty one, when it was known as

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Speaker 5: fair Square Financial. Ali had about two point one billion

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Speaker 5: in credit card loans on average at the end of

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Speaker 5: the third quarter, according to its most recent earnings report.

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Speaker 5: In New York, Charlie Pellett Bloomberg Radio.

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Speaker 1: It is our annual list of what powerful people found essential.

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Speaker 1: This year, top business leaders pick the forty nine best books.

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Speaker 1: You can read all about it in Bloomberg's weekend edition,

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Speaker 1: exploring the places where finance, life and culture meet. Find

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Speaker 1: it now on Bloomberg dot Com at the Bloomberg Business app.

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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 Kleggie and this is Bloomberg

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Speaker 5: MHM.