Episode Transcript
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Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
Mad Kalenky. New document show former Federal Reserve Governor Adrianna
Kugler had been facing an ethics probe before abruptly resigning
this summer. Bloomberg's Monica Ricks has details.
Speaker 2 (00:15):
The US Office of Government Ethics released new financial disclosure
Saturday that show former Federal Reserve Governor Andreana Kugler made
several stock trades that repeatedly violated the Fed's personal finance
policy and prompted a probe that ultimately led to her
resignation in August. According to the document, Kugler made at
least a dozen stock trades in companies like Apple and
(00:36):
Caterpillar last year, some between policy meetings. Kugler blamed her
husband for making the trades without her knowledge. Her seat
on the Federal Reserve Board has since been filled by
Trump ally and former White House Economic advisor Stephen Myron,
who's back the President in calling for more drastic interest
rate cuts. Monica Ricks Bloomberg Radio.
Speaker 1 (00:55):
A new deployment of federal re agents arrived in Charlotte,
North Carolina Saturday as part of President in Trump's expanding
immigration enforcement campaign marking the latest push to carry out
large scale arrests in democratic led cities. Department of Homeland
Security spokeswoman Tricia McLaughlin said in a statement, we are
surging DHS law enforcement to Charlotte to ensure Americans are
(01:15):
safe and public safety threats are removed. MacLaughlin did not
provide any details of the deployment, including how many officers
were there or what their duties would be. The arrival
in Charlotte marks the latest expansion of a campaign that
has already swept through some of the nation's largest left
leaning strongholds. President Trump has issued a second part into
a January sixth defendant who had remained behind bars despite
(01:39):
the sweeping grant of clemency for Capital rioters because of
a separate conviction for illegally possessing firearms. Daniel Edwin Wilson
of Louisville, Kentucky, was under investigation for his role in
the riot when authorities found six guns and roughly four thousand,
eight hundred rounds of ammunition in his home. Because of
prior felony convictions, it was illegal for him to posus firearms.
(02:01):
Heavy rains that drenched Los Angeles in the greater southern
California area have tapered off, but risks of high water,
mud slides and rock slides, and fire burned areas will
remain long after the rain is expected to end. Rockfall
and debris flow are reported along a stretch of Topanga
Canyon Boulevard, shutting down a portion of State Route twenty
seven while crews work to remove hazards. This according to Caltrans,
(02:24):
City and county officials are on high alert as the
storm brings a heightened risk of debris and mud flows
to the Eden and Palisades. Burn scars and evacuation warnings
were in effect through eight a m. Sunday for many
of the neighborhoods affected by the deadly fires that struck
Los Angeles in January. This week, President Trump hosts Saudi
Crown Prince Mohammed bin Salman at the White House. It
(02:46):
comes at a particularly tense moment for both countries, As
we hear from Bloomberg Snathan Hagar in Washington.
Speaker 3 (02:52):
MBS says he's known should get the kind of fanfare
that he gave President Trump and Riot earlier this year,
but sources tell Bloomberg News this year the UAS visit
was close to being postponed. Both leaders have developed warm
relations since President Trump's first term, but lately tensions over security,
AI and nuclear access, and the war in Gaza have
caused some strains. Still, the de facto Saudi leader is
(03:14):
scheduled to be at the White House this Tuesday. In Washington.
I'm Nathan Hager Bloomberg Radio.
Speaker 1 (03:20):
President Trump has continued his purchases of municipal in corporate
debth this fall, including bonds of companies affected by his
administration's policies. New disclosures posted Saturday by the Office of
Government Ethics show that Trump's purchases of at least eighty
two million dollars include bonds from Netflix, United Health Group, Boeing,
Meta Platforms, Home Depot, Broadcom, and Intel, of which the
(03:41):
US government acquired a stake under his administration. Trump also
purchased municipal bonds from US cities and local school districts, utilities,
and hospitals. A bi partnersing group of House lawmakers is
urging the Senate to help come up with a deal
to address the expiration of healthcare subsidies. Bloomberg's Amy Marris
reports from Washington.
Speaker 4 (04:01):
Thirteen House Republicans co signed a letter with nineteen House Democrats,
signaling support among some Republicans to resolve Democrats' core demand
to avoid Affordable Care Act premium increases. They're asking that
representatives from both parties in the House be included in
the talks aimed at averting what they're calling drastic premium
increases that would affect more than twenty million Americans. In
(04:23):
that letter, the lawmakers wrote that without a deal, millions
of Americans will lose health care coverage because they won't
be able to afford it. In Washington, Amy Morris Bloomberg Radio.
Speaker 1 (04:34):
And a plan to hold airlines accountable for significant flight
delays is being ditched by the Trump administration. Bloomberg's Karen
Moscow explains the.
Speaker 5 (04:41):
US Transportation Department is abandoning an effort started by the
Biden administration that required airlines to provide meals, hotels, and
cash payouts to passengers affected by significant flight disruptions. In
a recent filing, the Trump administration said the Department is
not authorized under existing law to require such reimbursements or compensation.
It also said it is not convinced that changes would
(05:03):
yield meaningful improvements. Former Transportation Secretary Pete Buddha, Judge who
helmed the efforts, said the initiative was important in protecting
the rights of flyers. Karen Moscow, Bloomberg Radio.
Speaker 1 (05:14):
That's news when you want it with Bloomberg News. Now,
I made Kleggy. This is Bloomberg