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Speaker 1: News when he wanted with Bloomberg News Now I'm Charlie Pellett.

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Speaker 1: Tensions flare between India and Pakistan. India says it conducted

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Speaker 1: targeted military strikes in Pakistan. The conflict was sparked by

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Speaker 1: a militant attack in Kashmir last month that killed twenty

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Speaker 1: six people, with India blaming Pakistan and Pakistan denying involvement.

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Speaker 1: The situation has escalated tensions between the two nuclear armed nations,

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Speaker 1: with both sides taking steps to show their operational readiness

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Speaker 1: and the US calling for de escalation. Pakistan's Defense Minister

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Speaker 1: Kawaja Muhammad Asif spoke with Bloomberg.

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Speaker 2: We have down five Indian planes. Patshan Air Force has

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Speaker 2: shut down five Indian planes and multiple UAVs and their

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Speaker 2: checkposts on the control line. A couple of Czech posts

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Speaker 2: have been destroyed.

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Speaker 1: And the Defense minister said he wanted to clarify his

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Speaker 1: earlier claim that some Indian soldiers were taken prisoner in

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Speaker 1: retaliatory attacks by Pakistan. US Treasury Secretary Scott Bessington. US

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Speaker 1: Trade Representative Jamison Greer will be meeting with the Chinese

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Speaker 1: government in Switzerland to restart trade talks between the two nations.

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Speaker 1: The planned talks could help reduce tariffs that risk crippling

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Speaker 1: trade between the US and China, which have imposed duties

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Speaker 1: on each other's imports. Bessant spoke with Fox News.

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Speaker 3: We have shared interest that they this isn't sustainable, as

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Speaker 3: I said before, especially on the Chinese side, and you know,

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Speaker 3: one hundred and forty five percent, one hundred and twenty

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Speaker 3: five percent is the equivalent of an embargo. We don't

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Speaker 3: want to decouple. What we want is fair trade.

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Speaker 1: It'll be the first confirmed trade talks between the countries

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Speaker 1: since President Donald Trump announced punishing levies of as high

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Speaker 1: as one hundred and forty five percent on China that

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Speaker 1: were met with retaliatory rates of one hundred and twenty

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Speaker 1: five percent Beijing. A divided US Supreme Court has cleared

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Speaker 1: the way for the Trump administration to start discharging thousands

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Speaker 1: of transgender service members, including people who have served openly

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Speaker 1: for years and with more. Here's Bloomberg's Erika Herskowitz.

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Speaker 4: Over descents from the three liberal judges. The court dealt

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Speaker 4: a major blow to LGBTQ rights, pausing a lower court

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Speaker 4: order that had put President Trump's new ban on hold

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Speaker 4: during a legal fight. The Court gave no explanation in

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Speaker 4: its one page order, which applies while the litigation continues.

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Speaker 4: During Trump's first term, the Supreme Court let an earlier

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Speaker 4: transgender military ban take effect, but the president's new policy

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Speaker 4: goes further by calling for the expulsion of people who

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Speaker 4: have already transitioned. The administration says courts should defer to

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Speaker 4: Trump's assessment that the presence of transgender people in the

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Speaker 4: armed services undermines military effectiveness. Opponents say the administration has

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Speaker 4: no evidence for that claim, and say trans people have

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Speaker 4: served with honor and distinction for years. In New York

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Speaker 4: Erika Herskowitz Bloomberg Radio, we'll.

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Speaker 1: Be getting second quarter earnings Wednesday from the world's biggest

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Speaker 1: media and entertainment company, and with more. Here's Bloomberg's Tom

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Speaker 1: Busby key.

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Speaker 5: For investors how the Trump tariffs may impact Hollywood's biggest

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Speaker 5: movie studio and the world's largest theme park operator. Investors

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Speaker 5: will also look at how Disney's linear networks and streaming

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Speaker 5: services are performing, and for any update on the launch

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Speaker 5: this year of an online version of ESPN. There may

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Speaker 5: also be an update on succession plans for CEO Bob

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Speaker 5: Iger who plans to step down in twenty twenty six.

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Speaker 5: Bloomberg consensus calls for total revenue of twenty three point

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Speaker 5: zero five billion dollars on adjusted earnings per share of

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Speaker 5: a dollar twenty tom buzzby Bloomberg Radio, and of course

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Speaker 5: at two o'clock Wall Street Time, a FED decision with

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Speaker 5: a look ahead.

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Speaker 1: Here's Bloomberg's vinnidel judaice.

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Speaker 6: They'll be playing defense at the US Central Bank against

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Speaker 6: inflation and White House calls for rate cuts. FED officials

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Speaker 6: are widely expected to hauld the benchmark rate study for

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Speaker 6: the third straight meeting. Bloombrig Economics says the FED some

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Speaker 6: and inflation models are probably flashing red as President Trump

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Speaker 6: wheel's tariffs in a quest a more global trade to

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Speaker 6: America's advantage. The President has also manding lower interest rates

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Speaker 6: to bolster the US economy. Any dil Judice Bloomberg Radio.

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Speaker 1: China's Central Bank has cut the seven day reverse repurchase

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Speaker 1: rate to one point four percent from one point five

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Speaker 1: percent and will trim the reserve requirement ratio by half

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Speaker 1: a percentage point. US Stock's law with the S and

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Speaker 1: P down forty three, a decline of eight tens of

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Speaker 1: one percent, The Dow was down one percent, the Nstak

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Speaker 1: Composite Index fell by nine tenths of one percent. And

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Speaker 1: that's news when you want it with Bloomberg News now,

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Speaker 1: I'm Charlie Pelatanis is Bloomberg