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News when you want it with Bloomberg News Now, I made Kalengi. President Donald Trump said Saturday that the Panama Canal is charging exorbitant prices and rates of passage on US naval and merchant ships, and he has demanded that fees be lowered or else Panama should return the canal to the US.
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The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the US. Trump said this in a post on his Truth social platform. He continued, this complete ripoff of our country will immediately stop. The US is the canal's biggest customer, responsible for about three quarters of the cargo transitting through each year. A prolonged drout, however, has hampered the canal's ability to move ships between the Atlantic and Pacific oceans. President Dela like Trump, has named Mark Burnett, the man who created the television showed The Apprentice, which helped catapult Trump to the presidency, as a Special Envoy to the U S. Quote. With a distinguished career in television production and business, Mark brings a unique blend of diplomatic acumen and international recognition to this important role. Trump said this on a post on truth Social The position of Special Envoy to the UK doesn't currently exist. Trump is already named investment banker Warren Stevens as his ambassador to the Court of Saint James, a highly coveted diplomatic post that usually goes to top campaign donors. Amazon workers at the company's sole unionized warehouse in the US have joined a broader strike by the International Brotherhood of Teamsters. We get more from Bloomberg's Denise Pellegrini O.
The Teamsters affiliated Amazon Labor Union, which represents workers at the JFK warehouse in New York City, Staten Island, is asking members to walk off the job. Video on x shows people already marching from the union's office to the warehouse through the snow. They want Amazon to hold talks with workers there and in other facilities where Amazon employees or our drivers have sought to be represented by the Teamsters. The Teamsters earlier this week asked workers at seven Last Mile delivery warehouses in California, Georgia, Illinois, and New York to strike beginning Thursday. It's the biggest test yet of the union's organizing campaign. Company spokesperson says so far the strike has not impacted deliveries. Denise pelgreny Bloomberg Radio.
The top uniformed police officer in the New York City Police Department, has resigned amid allegations he demanded sex from a subordinate in exchange for opportunities to earn extra pay. Police Commissioner Jessica Tish except for the resignation of Chief of Department Jeffrey Madrii friday night, effective immediately. John Schell, the department's chief of Patrol, will take over as interim chief of Department, and Philip Rivera will assume Shell's duties as the head of the Patrol Division. The department declined to comment on the allegations against Matri other than just saying it takes all allegations of sexual misconduct seriously and will thoroughly investigate this matter. A lawyer for his accuser, Lieutenant Quotisha Epps, said the move was over us. It's looking like another record for holiday travel. We get that story from Bloomberg's Charlie Pellett.
The Auto Club Triple A is predicting that more than one hundred and nineteen million people will travel at least fifty miles from home through New Year's Day, which would top the previous holiday season high set in twenty nineteen. The two weekends on either side of Christmas look to be some of the most crowded times on the road and at airports. The trade group Airlines from America also four seas Record travel, saying it expects airlines to carry fifty four million passengers during a nineteen day period that began last Thursday and will end Monday, January sixth That number would represent a six percent increase over last year. In New York, Charlie Pellette Bloomberg Radio.
Remember the speck craze, that wave of companies that win public through blank check deals during the pandemic. Well they're making a comeback. As we hear from Bloomberg's Nathan Hager.
Fifty companies have gone public through deals with special purpose acquisition companies since April. That's according to data from SPAC Research, which says they've raised about eight point seven billion dollars. That's more than twice as much as in all of last year. Spack deals were all the rage until twenty twenty two, when rising interest rates sent many of them crashing. Of the more than four hundred and fifty former SPACs that are still in business, nearly half have wiped out more than ninety percent of their value. Nathan Hager, Bloomberg Radio.
Sad news from the baseball world as all time stolen base leader and Hall of Famer Rickey Henderson has passed away. He was sixty five. In the college football Playoffs first round action, Penn State defeated SMU thirty eight ten Texas beak Clemson thirty eight twenty four. That's news when you want it with Bloomberg News. Now, I made Kalengi and this is Bloomberg