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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisoner.

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Speaker 1: We begin with news on the situation in Gaza. A

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Speaker 1: short while ago, on truth Social President Trump posted this,

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Speaker 1: Israel has agreed to the necessary conditions to finalize the

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Speaker 1: sixty day cease fire, during which time we will work

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Speaker 1: with all parties to end the war. The President also

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Speaker 1: warned Hamas to accept the terms before conditions worsen. We'll

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Speaker 1: have more on this story as it develops. The Senate

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Speaker 1: narrowly passed President Trump's tax and spending bill. The vote

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Speaker 1: was fifty one p fifty, with Vice President jd Vance

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Speaker 1: breaking a tie. This bill has four and a half

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Speaker 1: trillion dollars in tax cuts and one point two trillion

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Speaker 1: dollars in spending cuts. Senate Minority Leader Chuck Schumer says

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Speaker 1: the American people will feel the impact of this bill.

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Speaker 2: We're going to be fighting in July and August and

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Speaker 2: throughout the year reminding Americans when their hospitals close, when

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Speaker 2: their healthssurance is cut off, when they lose their friends,

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Speaker 2: lose their jobs because clean energy has been so decimated,

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Speaker 2: They'll remember. They'll remember. We will make sure of that.

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Speaker 1: Senate Minority Leader Chuck Schumer.

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Speaker 2: There.

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Speaker 1: We also heard from Maya McGuinness. She is the president

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Speaker 1: of the Committee for a Responsible Federal Budget and she

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Speaker 1: says the increase to the national debt could top four

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Speaker 1: trillion dollars.

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Speaker 3: I think it will probably pass, but I do think

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Speaker 3: there's a big question about whether the House is going

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Speaker 3: to say, no, we're not going with the Senate version,

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Speaker 3: and we're going to need to go back to our

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Speaker 3: version and work out those differences.

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Speaker 1: She is Maya mcguinnis the president of the Committee for

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Speaker 1: a Responsible Federal Budget. Earlier today, President Trump toured the

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Speaker 1: migrant facility in the Florida Everglades known as Alligator Alcatraz.

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Speaker 1: Here is Trump speaking alongside Homeland Security Secretary Christy Nome.

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Speaker 3: If they self deport and go home, they can come

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Speaker 3: back legally, we will let them come back.

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Speaker 1: Then there is a lot of self importation.

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Speaker 2: But if you wait and we bank you to this facility,

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Speaker 2: you don't ever get to come back to America.

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Speaker 1: That is President Trump speaking alongside Homeland Security Secretary Christy Nome. Now,

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Speaker 1: this facility is part of Trump's efforts to ramp up

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Speaker 1: deportations by expanding detention capacity. The outlook for those FED

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Speaker 1: rate cuts seemed to dim a bit on signs of

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Speaker 1: a still healthy labor market, job openings in the US

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Speaker 1: hitting the highest level since November, and at the same

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Speaker 1: time layoffs declined. And today FED share J. Powell reiterated

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Speaker 1: his weight in sea stance on interest rates given the

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Speaker 1: inflationary implications of those higher tariffs. Even so, when asked

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Speaker 1: if July were too soon for a rate cut, Powell

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Speaker 1: didn't rule out the possibility. Also today President Trump doubled

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Speaker 1: down on his criticism of the FED share.

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Speaker 2: And so we took it one hundred and twenty nine

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Speaker 2: million a tariffs already. We haven't even started no inflation.

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Speaker 2: Our country is strong. Our interest rate three points lower.

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Speaker 2: If our interest rate was three points lower, that's almost

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Speaker 2: a threeion dollars in costs.

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Speaker 1: Kind of sto just by the signing of a pend.

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Speaker 2: But we have a moron at the head of the FED.

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Speaker 1: He's a moron, President Trump, speaking there of FED shar J. Powell.

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Speaker 1: We go to New York next, where the jury in

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Speaker 1: the sex trafficking trial of music mogul Sean Diddy Combs

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Speaker 1: says it's reached a verdict on four of five counts. However,

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Speaker 1: jurors have been unable to reach a decision on count one,

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Speaker 1: racketeering conspiracy. Here is Bloomberg Legal analyst June Grosso.

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Speaker 3: This happens sometimes where they can't reach a thing, and

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Speaker 3: the judge says, go back and deliberate some more, and

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Speaker 3: then if they come out again and say we still

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Speaker 3: can't reach a verdict, then he'll give them what's called

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Speaker 3: an Allen charge or a dynamite charge, where he tells

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Speaker 3: them to go back and listen to the opinions of

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Speaker 3: your fellow jurors and try to reach a decision. If

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Speaker 3: they can't after that, then he might declare a mistrial.

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Speaker 1: That is Bloomberg's June Grosso. Now, the count one charge

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Speaker 1: falls under the Racketeer Influenced and Corrupt Organizations Act or RICO.

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Speaker 1: It's best known for being used in organized crime and

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Speaker 1: drug cartel cases. And that is news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Doug Chrisner, and this

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Speaker 1: is Bloomberg