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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: News when you want it with Bloomberg News Now, I'm

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Speaker 2: Brian Curtis in Hong Kong. Then there were two. President

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Speaker 2: Joe Biden and former President Donald Trump are now barreling

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Speaker 2: toward a twenty twenty election rematch. Republican Nicki Haley is

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Speaker 2: suspending her campaign for twenty twenty four.

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Speaker 3: In all likelihood, Donald Trump will be the Republican nominee

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Speaker 3: when our party convention meets in July. I congratulate him

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Speaker 3: and wish him well. I wish anyone well who would

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Speaker 3: be America's president. Our country is too precious to let

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Speaker 3: our differences divide us.

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Speaker 2: After losing every state but one on Super Tuesday, Nicki

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Speaker 2: Haley said that Trump will now have to earn the

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Speaker 2: support of Republicans and independents who had backed her campaign.

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Speaker 2: A jury has convicted a weapons supervisor for the movie

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Speaker 2: Rust of Involuntary Man's in the fatal shooting of a

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Speaker 2: cinematographer by actor Alec Baldwin. The verdict against movie armorer

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Speaker 2: Hannu Gutera's read assigned new blame in the twenty twenty

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Speaker 2: one shooting death of Halna Hutchins. In closing arguments, prosecutors

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Speaker 2: describe what they referred to as constant, never ending safety

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Speaker 2: failures on the set of rust and what they call

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Speaker 2: Gutiera's reads astonishing lack of diligence with gun safety. New

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Speaker 2: York Governor Kathy Hockel says the number of law enforcement

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Speaker 2: and National Guard to be sent to the subway system

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Speaker 2: is nearly one thousand. Bloomberg Zed Baxter has the story.

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Speaker 4: Governor Hockel says the National Guard will be tasked with

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Speaker 4: making sure bags are checked.

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Speaker 5: Anyone looking to do harm or spread fear on our subways,

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Speaker 5: you will be caught, plain and simple. There will be consequences.

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Speaker 5: This has to end. New Yorkers deserve no less.

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Speaker 4: This comes the wake of some high profile crimes like

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Speaker 4: the slashing of a subway conductor and passers being shoved

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Speaker 4: onto tracks. Hochal says deployment to the busiest stations. Ed

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Speaker 4: Baxter Bloomberg Radio.

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Speaker 2: Fedchair J Powell said banking regulators are likely to change

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Speaker 2: their plan to require large banks to hold more capital.

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Speaker 2: The Fed had proposed a plan to require eight of

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Speaker 2: the largest banks to keep nineteen percent more capital on hand.

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Speaker 2: Shairpal said now there will likely be some revisions.

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Speaker 6: I do expect that there will be broad and material

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Speaker 6: changes to the proposal. I'll add that I'm confident that

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Speaker 6: the final product will be one that does have broad

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Speaker 6: support both at the FED and in the broader world.

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Speaker 6: This would be a thoughtful, deliberative process. It's more important

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Speaker 6: that we get this right than that we do it fast.

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Speaker 2: FED Chief Jerome Powell. The move would be a big

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Speaker 2: victory for the banking industry. The troubled regional lender, New

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Speaker 2: York Community Bank Corp. Has raised more than a billion dollars.

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Speaker 2: It's an equity investment, and it comes from three firms,

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Speaker 2: including Liberty Strategic Capital. Liberty was founded by former Treasury

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Speaker 2: Secretary Steven Mnushin. NYCB is also adding new directors to

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Speaker 2: its board, including Manus and former Comptroller of the Currency

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Speaker 2: Joseph adding Auding will also become NYCB's new CEO. NYCB

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Speaker 2: stock closed up for the day, rising seven point five

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Speaker 2: percent to three dollars and forty six cents, but at

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Speaker 2: one point during the session it was down forty seven percent.

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Speaker 2: JD dot Com announced a three billion dollars stock buyback

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Speaker 2: and reported a modest beat on revenue and profit. Bloomberg

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Speaker 2: Joan Wong as the story from Hong.

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Speaker 1: Kong, JD'SADR sort sixteen percent. In New York. Revenue was

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Speaker 1: only up three point six percent in the latest quarter,

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Speaker 1: but net income did beat estimates by sixteen percent. The

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Speaker 1: company also rolled out a three billion dollar stock buyback,

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Speaker 1: and it height the dividend payout by twenty three percent.

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Speaker 1: The overall results were helped by a broader product line

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Speaker 1: up up and price cuts. Executives said they were confident

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Speaker 1: consumption in China would recover further and that JD would

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Speaker 1: outperform the broader market in twenty twenty four. In Hong Kong,

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Speaker 1: Joan Wong Bloomberg Radio.

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Speaker 2: And that's news when you want it with Bloomberg News Now.

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Speaker 2: I'm Brian Curtis. This is Bloomberg