May 4, 2024 • 3 mins
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Speaker 1 (00:01):
News when you wanted with Bloomberg News. Now I met Kalki.
House Democrat Henry Quayar of Texas and his wife were
indicted for allegedly accepting approximately six hundred thousand dollars in
foreign bribes. Quaar denied the charge. He and his wife, Imelda,
made their initial court appearance Friday before a federal judge
in Houston. They are charged with accepting bribes from an
(00:24):
oil and gas company owned and controlled by the government
of Azerbaijan and a bank headquartered in Mexico City. Later Friday,
House Minority leader Hakim Jeffries announced that Quaar would step
down as ranking member of the House Appropriation's Homeland Security Subcommittee.
The uses and talks with close partners to lead a
group of allies that would give as much as fifty
(00:46):
billion dollars in a Ukraine, with a massive outlay being
repaid with the windfall profits from sovereign Russian assets that
have been frozen and or accruing interest, mostly in Europe.
The plan is being discussed among the Group of s
seven nations, with the US pushing to have an agreement
when G seven leaders meet in Italy in June. This
according to people familiar with the proposal. They said discussions
(01:09):
on this topic have been difficult and an agreement could
still take months. Laurence Summer's, former US Treasury secretary and
former Harvard president, says that college protests happening throughout the
country are very disappointing.
Speaker 2 (01:23):
The United States is in the most dangerous geopolitical moment
we've been in probably two generations, given what's happening in China, Russia, Ronan,
North Korea, and so forth. And it seems to me
that anybody sitting in one of those countries has to
be taking great encouragement from the spectacle that is being
(01:48):
made by our young future elits on so many of
our leading college campuses.
Speaker 1 (01:55):
Bloomberg contributor Larry Summers speaking with David Weston on Wall
Street Week. The second week of testimony in Donald Trump's
hush money case wrapped up Friday with Hope Hicks on
the stand. Hicks, who ran communications for Trump and became
a top White House aid, described how Trump's twenty sixteen
campaign reacted to the shock release of the so called
Access Hollywood tape just before the election. The tape caused
(02:18):
an immediate uproar, which the government claims was the motivation
for Trump to pay Stormy Daniels when she threatened to
go public with her claim about an affair. Hicks said
of the tape, this was a crisis. Hicks broke down
in tears as soon as her cross examination started, just
after Trump's attorney said he wanted to ask about her
time at the Trump organization. The judge asked if she
(02:39):
needed a break, and Hicks said yes, she did. When
Right Aid filed for bankruptcy six months ago, the company
announced that it would be closing one hundred and fifty
four drug stores, and so the list might grow it did.
Court filings revealed the chain has shuttered five hundred twenty stores,
representing a quarter of right Aid store count before it
entered Chapter eleven. Stocks notched their biggest advance in February
(03:03):
as a slowdown in US job sent bond yields tumbling,
with traders reviving bets on federal reserve rate cuts. This year,
Friday's numbers on Wall Street the down rows four hundred
fifty points, Nasdaq was up three point fifteen, and the
S and P gained sixty four And that's news when
you wanted with Bloomberg News Now I made Kleggi and
this is Bloomberg.
News when you wanted with Bloomberg News. Now I met Kalki.
House Democrat Henry Quayar of Texas and his wife were
indicted for allegedly accepting approximately six hundred thousand dollars in
foreign bribes. Quaar denied the charge. He and his wife, Imelda,
made their initial court appearance Friday before a federal judge
in Houston. They are charged with accepting bribes from an
(00:24):
oil and gas company owned and controlled by the government
of Azerbaijan and a bank headquartered in Mexico City. Later Friday,
House Minority leader Hakim Jeffries announced that Quaar would step
down as ranking member of the House Appropriation's Homeland Security Subcommittee.
The uses and talks with close partners to lead a
group of allies that would give as much as fifty
(00:46):
billion dollars in a Ukraine, with a massive outlay being
repaid with the windfall profits from sovereign Russian assets that
have been frozen and or accruing interest, mostly in Europe.
The plan is being discussed among the Group of s
seven nations, with the US pushing to have an agreement
when G seven leaders meet in Italy in June. This
according to people familiar with the proposal. They said discussions
(01:09):
on this topic have been difficult and an agreement could
still take months. Laurence Summer's, former US Treasury secretary and
former Harvard president, says that college protests happening throughout the
country are very disappointing.
Speaker 2 (01:23):
The United States is in the most dangerous geopolitical moment
we've been in probably two generations, given what's happening in China, Russia, Ronan,
North Korea, and so forth. And it seems to me
that anybody sitting in one of those countries has to
be taking great encouragement from the spectacle that is being
(01:48):
made by our young future elits on so many of
our leading college campuses.
Speaker 1 (01:55):
Bloomberg contributor Larry Summers speaking with David Weston on Wall
Street Week. The second week of testimony in Donald Trump's
hush money case wrapped up Friday with Hope Hicks on
the stand. Hicks, who ran communications for Trump and became
a top White House aid, described how Trump's twenty sixteen
campaign reacted to the shock release of the so called
Access Hollywood tape just before the election. The tape caused
(02:18):
an immediate uproar, which the government claims was the motivation
for Trump to pay Stormy Daniels when she threatened to
go public with her claim about an affair. Hicks said
of the tape, this was a crisis. Hicks broke down
in tears as soon as her cross examination started, just
after Trump's attorney said he wanted to ask about her
time at the Trump organization. The judge asked if she
(02:39):
needed a break, and Hicks said yes, she did. When
Right Aid filed for bankruptcy six months ago, the company
announced that it would be closing one hundred and fifty
four drug stores, and so the list might grow it did.
Court filings revealed the chain has shuttered five hundred twenty stores,
representing a quarter of right Aid store count before it
entered Chapter eleven. Stocks notched their biggest advance in February
(03:03):
as a slowdown in US job sent bond yields tumbling,
with traders reviving bets on federal reserve rate cuts. This year,
Friday's numbers on Wall Street the down rows four hundred
fifty points, Nasdaq was up three point fifteen, and the
S and P gained sixty four And that's news when
you wanted with Bloomberg News Now I made Kleggi and
this is Bloomberg.
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