WEBVTT - Hamas Leader Killed; Meta Rallies on Earnings

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning.

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<v Speaker 1>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 1>stories we're following today.

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<v Speaker 2>Karen, we'll get back to the markets in a moment,

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<v Speaker 2>but we begin with breaking news in the Middle East.

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<v Speaker 2>Israel says it has eliminated the head of Hamas's military wing.

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<v Speaker 2>In a post on x, the Israeli military says it

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<v Speaker 2>has confirmed Hamas's second in command, Mohammed daff was killed

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<v Speaker 2>in a strike in Gaza on July thirteenth. Bloomberg Middle

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<v Speaker 2>East anchored Jumana Bursecci has the latest from Dubai.

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<v Speaker 3>From Israel's perspective, it is a major diplomatic coup for

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<v Speaker 3>the Israeli Prime Minister Natanie who because they have said

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<v Speaker 3>from the very beginning that they wanted to exact revenge

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<v Speaker 3>on the perpetrators of October seven and on Hamas, and

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<v Speaker 3>so from their perspective, this actually works towards the goal

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<v Speaker 3>of eliminating and neutralizing Hamas's military capabilities.

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<v Speaker 2>Bloomberg Middle East ankardjuam Mona Bersaci says this latest killing

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<v Speaker 2>leave ceasefire talks with Hamas even more uncertain.

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<v Speaker 1>Nathan, this latest development out of Israel follows the two

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<v Speaker 1>air strikes this week that killed Hamas's political leader Ishmael

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<v Speaker 1>Hania and Tehran and senior Hezbola commander Fuad Shuker in Beirut.

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<v Speaker 1>Israel is not confirmed it was behind Honia's death, but

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<v Speaker 1>The New York Times reports around Supreme Leader has ordered

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<v Speaker 1>a direct attack on Israel. In response, Secretary of State

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<v Speaker 1>Anthony Blenkin is urging all sides to de escalate.

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<v Speaker 4>It all starts with the ceasefire and to get there,

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<v Speaker 4>it also first requires all parties to talk to stop

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<v Speaker 4>taking any escalatory actions.

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<v Speaker 1>Despite that determination from Secretary of State Blank and sources,

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<v Speaker 1>Tol Bloomberg Knews that the Biden administration and knows getting

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<v Speaker 1>to a ceasefire is harder than ever. After Ishmael Hania's death.

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<v Speaker 2>Trained to politics back home, Karen. Former President Donald Trump

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<v Speaker 2>was in Chicago for the National Association of Black Journalists

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<v Speaker 2>conference and he questioned Vice President Kamala Harris's racial identity.

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<v Speaker 2>We get more from Bloomberg Zamy Morris. In Washington, the.

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<v Speaker 5>Former president got booed and some laughs when he said

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<v Speaker 5>during a roundtable discussion that he questions Vice President Kamala

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<v Speaker 5>Harris's racial identity.

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<v Speaker 6>She was always of Indian heritage, and she was only

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<v Speaker 6>promoting Indian heritage. I didn't know she was black until

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<v Speaker 6>a number of years ago when she happened to turn black,

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<v Speaker 6>and now she wants to be.

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<v Speaker 2>Known as black.

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<v Speaker 5>Trump also defended old comments from his running mate, Senator

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<v Speaker 5>jd Vance that disparaged women without children as quote childless

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<v Speaker 5>cat ladies, saying it was meant in a friendly manner.

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<v Speaker 5>The National Association of Black Journalists says they're also in

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<v Speaker 5>talks to have Vice President Harris virtually address their convention.

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<v Speaker 5>Amy Morris Bloomberg Radio, all.

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<v Speaker 1>Right by me, thank you. As Vice President Kamala Harris

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<v Speaker 1>gets closer to picking a running maid, her team has

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<v Speaker 1>met with Pennsylvania Governor John Shapiro. Bloomberg's Ed Baxter has

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<v Speaker 1>that story.

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<v Speaker 7>They have said all along he's on the shortlist, which

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<v Speaker 7>now includes Shapiro, Senator Mark Kelly, and Minnesota Governor Tim Walls,

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<v Speaker 7>and say that it was just part of the selection

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<v Speaker 7>process and not to read anything into it. Sources as

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<v Speaker 7>well say several unions have made their concerns known about Kelly. One,

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<v Speaker 7>the Transport Workers Union, said he is not pro trade

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<v Speaker 7>union enough. In fairness, other unions have supported him. Harris

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<v Speaker 7>did pick up the endorsement of the United Auto Workers,

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<v Speaker 7>influential in Michigan. She plans to campaign with her pick

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<v Speaker 7>next week. Ad Baxter Bloomberg Radio.

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<v Speaker 2>Okay and thanks. Let's turn back to markets now, the

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<v Speaker 2>barrage of earnings around the world. We'll start with Meta Platforms.

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<v Speaker 2>Those shares are up six and a half percent in

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<v Speaker 2>early trading. The Facebook owner reported better than expected sales

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<v Speaker 2>in the second quarter. Investments in artificial intelligence are helping

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<v Speaker 2>meticell more targeted and personalized advertisements. Meta CEO Mark Zuckerberg

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<v Speaker 2>talked about AI on the conference call.

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<v Speaker 8>They're all the jokes about how all the tech CEOs

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<v Speaker 8>get on these earnings calls and just talk about AI

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<v Speaker 8>the whole time, because it's actually super exciting and it's

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<v Speaker 8>going to change all these different things over multiple time.

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<v Speaker 2>Horizon, Mark Zuckerberg's Meta Platforms reported sales of thirty nine

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<v Speaker 2>point one billion dollars that topped estimates by eight hundred million.

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<v Speaker 1>Well, Nathan. While Zuckerberg's personal wealth will rise if those

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<v Speaker 1>gains and Meta shares hold, it may pale to the

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<v Speaker 1>day in Vidia CEO Jensen Wong had shares of Nvidia

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<v Speaker 1>search thirteen percent yesterday. I may get more from Bloomberg's

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<v Speaker 1>Doug Prisner.

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<v Speaker 9>The rally was linked to an upbeat forecast from competitor

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<v Speaker 9>Advanced micro Devices. AMD's outlook pointed to improved demand for

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<v Speaker 9>its AI accelerator, a market dominated by Nvidia. On Wednesday,

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<v Speaker 9>Nvidia added a record three hundred and twenty nine billion

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<v Speaker 9>dollars in value, and Wong's net worth was boosted by

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<v Speaker 9>nearly twelve billion. He is now the world's fourteenth richest person,

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<v Speaker 9>with a net worth of nearly one hundred and three

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<v Speaker 9>billion dollars. He has been steadily capitalizing on Invidia's outperformance

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<v Speaker 9>this year. He sold shares worth nearly one hundred and

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<v Speaker 9>sixty nine million dollars in June, the most he's netted

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<v Speaker 9>in a single month in New York. I'm Doug Prisner,

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<v Speaker 9>Bloomberg Radio.

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<v Speaker 2>All right, Doug, thanks and high tech will remain and

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<v Speaker 2>focus this afternoon when Apple and Amazon report earnings. But

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<v Speaker 2>let's check some key results overseas. This morning, shares of

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<v Speaker 2>Shell are up one point two percent. The oil giant

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<v Speaker 2>posted second quarter earnings above analyst estimates and confirmed another

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<v Speaker 2>three and a half billion dollars share buy back shares

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<v Speaker 2>of Barclays.

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<v Speaker 1>We're higher earlier, now they're lower. In London, the British

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<v Speaker 1>lender reported better than expected income in the second quarter,

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<v Speaker 1>aided by a surge and revenue from some of its

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<v Speaker 1>Wall Street operations. Barclays will also repurchase as much as

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<v Speaker 1>nine hundred and sixty three million dollars in shares now.

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<v Speaker 2>We turned to the US Economy Karen in more hints

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<v Speaker 2>from the FED that it could pull off a rate

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<v Speaker 2>cut at its next meeting. J Powell kept rates unchanged yesterday,

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<v Speaker 2>but the FED share signaled officials are on course to

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<v Speaker 2>cut in September unless inflation progress stalls.

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<v Speaker 10>The question will be whether the totality of the data

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<v Speaker 10>the evolving outlook in the balance of risks, or consider

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<v Speaker 10>with rising confidence on inflation and maintaining a solid labor market.

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<v Speaker 10>If that test is met, a reduction in our policy

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<v Speaker 10>rate could be on the table as soon as the

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<v Speaker 10>next meeting in September.

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<v Speaker 2>Following FED shared Jpal's comments, interest rate swaps showed traders

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<v Speaker 2>fully pricing in a quarter point cut in September and

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<v Speaker 2>a total of almost seventy basis points in reductions for

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<v Speaker 2>the year.

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<v Speaker 5>On Nathan rates.

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<v Speaker 1>Also in focus overseas, the Bank of England makes a

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<v Speaker 1>policy decision later this morning, and economists say there could

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<v Speaker 1>be the first rate cut since the start of the pandemic.

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<v Speaker 1>Investors are placing a sixty four percent chance on a

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<v Speaker 1>quarter point cut, taking a key lending rate from a

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<v Speaker 1>five and a quarter percent to five percent.

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<v Speaker 2>And back on Wall Street caring it as a blow

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<v Speaker 2>for Bill Ackman. In just a matter of weeks, the

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<v Speaker 2>Pershing Square founders planned to steer a new investment fund

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<v Speaker 2>onto the New York Stock Exchange has collapsed. Acman bet

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<v Speaker 2>his wide following on X could raise twenty five million

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<v Speaker 2>dollars for Pershing in an initial public offering. That would

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<v Speaker 2>have been an unprecedented feat for a closed end fund

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<v Speaker 2>in the US. Acman later cut that target to four

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<v Speaker 2>billion dollars than two billion. By yesterday, Pershing Square withdrew

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<v Speaker 2>the IPO completely.

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<v Speaker 1>It's time now for a look at some of the

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<v Speaker 1>other stories making news in New York and around the world.

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<v Speaker 1>For that, we're joined by A Bloomberg's John Tucker.

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<v Speaker 11>John, Good Morning, Good morning, Karen. The man accused of

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<v Speaker 11>being the main plotter in al Qaeda's nine to eleven attacks,

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<v Speaker 11>has agreed to plead guilty. That's according to the Defense Department.

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<v Speaker 11>Kaleide Shaik Mohammad and two accomplices in the attack are

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<v Speaker 11>expected to enter the police at the Military Commission at

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<v Speaker 11>Guantanamo Bay, Cuba, to avoid the death penalty. The US

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<v Speaker 11>agreement with him and comes more than twenty years after

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<v Speaker 11>militants flew commandeered commercial airliners into buildings, killing nearly three

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<v Speaker 11>thousand people. Some family members of nine to eleven victims

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<v Speaker 11>say that's not justice. Andrew Ensborough, as president of the

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<v Speaker 11>Uniform Firefighters Association.

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<v Speaker 12>They're allowing these three terrorists and mass murderers to continue

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<v Speaker 12>to live well. On average, three New York City firefighters

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<v Speaker 12>a time every month.

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<v Speaker 11>More than three hundred and forty members the EMPTNY died

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<v Speaker 11>in the attack on the World Trade Center. The US

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<v Speaker 11>says the world should acknowledge that Venezuela is opposition one

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<v Speaker 11>last weekend's election against President Nicholas Maduro. Brian Nichols, the

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<v Speaker 11>top US diplomat for Western Hemisphere affairs, spoke at a

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<v Speaker 11>meeting of the Organization of American States in Washington with.

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<v Speaker 2>The irrefutable evidence based on the act.

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<v Speaker 7>As everyone can see, it is clear that in Mundel

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<v Speaker 7>Gonzalez Orutia defeated Nicholas Maduro by millions of votes.

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<v Speaker 11>Meanwhile, Maduro doubled down on his claims of victory, saying

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<v Speaker 11>his opponent should be jailed for decades. American Cancer Society

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<v Speaker 11>says cancer rates are opt for Gen ax and millennials.

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<v Speaker 11>According to the research published in the journal Lancet. They

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<v Speaker 11>have a two to four times higher rate of specific

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<v Speaker 11>cancers like pancreatic or kidney. The good news is the

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<v Speaker 11>number of lung cancer and cervical cancer deaths are on

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<v Speaker 11>the decline. Forty five percent of American adults say they've

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<v Speaker 11>been billed in the past year for medical care they

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<v Speaker 11>thought was covered by insurance. According to a report from

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<v Speaker 11>the Commonwealth, thought at least many footing the bill for

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<v Speaker 11>insurance company errors. Sarah Collins, one of the authors of

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<v Speaker 11>the report from the Independent Health Research Foundation.

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<v Speaker 1>When we asked him why they hadn't challenged, more than

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<v Speaker 1>half sin it was because they weren't aware that they

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<v Speaker 1>had the right to do so.

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<v Speaker 11>Collins says more than a third of those who challenged

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<v Speaker 11>their medical bills got their balances reduced or eliminated. Global

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<v Speaker 11>news twenty four hours a day, whenever you want to

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<v Speaker 11>it with Bloomberg News. Now, I'm John Tucker and this

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<v Speaker 11>is Bloomberg Nathan and Karen.

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<v Speaker 1>Sorry, John, thank you. Time now for the Bloombergy Sports

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<v Speaker 1>Update with John Stashauer.

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<v Speaker 13>John, good morning, Good morning, karens for the rough season

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<v Speaker 13>for dj Lemayeu, the Yankees veteran infielder has struggled with

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<v Speaker 13>the plate. They've seen his playing time strength. But the

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<v Speaker 13>latest Yankee wins six ' five in Philadelphia all about

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<v Speaker 13>le mayew a grand slam in the second, in the

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<v Speaker 13>two run double in the sixth, the career eye six

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<v Speaker 13>RBIs the Meyu drove in all six Here's Aaron Boone.

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<v Speaker 14>Really excited for him. You know, obviously, guys respect No, No,

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<v Speaker 14>he's grind and no, he's going through it. And you know,

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<v Speaker 14>obviously hasn't got a lot of opportunities lately, and it

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<v Speaker 14>was clearly the difference.

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<v Speaker 13>Today Yanks five straight wins start a nine game homestand

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<v Speaker 13>tomorrow is the Mets began a ten game road trip.

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<v Speaker 13>They lost in City Field to the Twins eight to three.

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<v Speaker 13>Red Sox pulled out a three to two ten in

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<v Speaker 13>in win over Seattle. Nationals lost five four got swept

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<v Speaker 13>at Arizona. Red Hot Padres made it nine of the

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<v Speaker 13>last ten. They were roughed up Clayton Kershawby to Dodgers

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<v Speaker 13>eight to one. Kansas City sent the White Sox to

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<v Speaker 13>a seventeenth loss in a row. At the Olympics. Today,

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<v Speaker 13>sim Owned Biles, we'll seek individual gold. US women's basketball

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<v Speaker 13>team takes on Belgium. Tennis has American Tommy Paul trying

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<v Speaker 13>to upset Carlos Alcarez in the quarterfinals. In the pool, yesterday,

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<v Speaker 13>Katie the deck He won her eighth career gold medal,

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<v Speaker 13>winning easily in her specialty. The fifteen hundred meters twelve

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<v Speaker 13>career medals ties the US record. But the big story

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<v Speaker 13>in swimming the French oh Marshawn. He already won a

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<v Speaker 13>goal in the im he won the two hundred meters,

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<v Speaker 13>Butterfly came back two hours later to capture the two

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<v Speaker 13>hundred breaststroke. US hoops team at one O three to

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<v Speaker 13>eighty six route of South Sudan. John Stashedwer Bloomberg Sports Kenna.

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<v Speaker 4>Nathan Coast to Coast on Bloomberg Radio nationwide on Syrias

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<v Speaker 4>XM and around the world on Bloomberg dot Com and

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<v Speaker 4>the Bloomberg Business app. This is Bloomberg Daybreak. Good morning,

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<v Speaker 4>I'm Nathan Hager.

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<v Speaker 2>We are watching for the prospect of further tensions in

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<v Speaker 2>the Middle East, with Israel now saying it has confirmed

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<v Speaker 2>the death of Hamas's military chief Mohammed daf in a

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<v Speaker 2>strike in Gaza that follows the strike this week that

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<v Speaker 2>killed Hamas's political leader Ismail Hania in Tehran. Joining us

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<v Speaker 2>from Tel Aviv once again this morning is Bloomberg News

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<v Speaker 2>Israel Bureau chief Ethan Bronner. Ethan, good morning. What is

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<v Speaker 2>the Israeli military saying specifically about the military commander's death?

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<v Speaker 12>Hi, Nathan, So this is a hit that occurred actually

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<v Speaker 12>more than two weeks ago, and at that time Israeli

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<v Speaker 12>said they were pretty sure they got him. Hamas denied it.

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<v Speaker 12>They said, he's fine. He's laughing as he listens to

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<v Speaker 12>Prime Minister Nutaya, who claims to have killed him. Today

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<v Speaker 12>simply based on their ability to do some kind of

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<v Speaker 12>intelligence assessment to the Israeli military, As officially announced that

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<v Speaker 12>diff was eliminated on the thirteenth. I think it was

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<v Speaker 12>in July, so it's sort of coming on top of

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<v Speaker 12>this other news, but it's not actually new. It's from

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<v Speaker 12>two weeks ago.

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<v Speaker 2>But still for two Israel to make that confirmation, I

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<v Speaker 2>would think is a pretty significant development when you think

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<v Speaker 2>about where the leadership structure stands with Hamas now the

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<v Speaker 2>military chief, the second in command eliminated, the political chief,

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<v Speaker 2>the top leader of Humas eliminated. Does this bring Israel

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<v Speaker 2>closer to its goal of eliminating Hamas as an organization.

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<v Speaker 12>I think it does, But I mean, I think this

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<v Speaker 12>is the eternal question about these guerrilla organizations and about

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<v Speaker 12>the policy of targeted assassinations and so on this. You know,

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<v Speaker 12>there's a kind of eternal battle of theories that you

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<v Speaker 12>just create more terrorists when you go after them in

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<v Speaker 12>this way, or no, yes we can kill them, we

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<v Speaker 12>can eliminate it. And it's very difficult for me to

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<v Speaker 12>know where we're headed. There's no question that progress has

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<v Speaker 12>been made and a lot of progress in dissembling the

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<v Speaker 12>military structure of Hamas.

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<v Speaker 13>You know, another.

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<v Speaker 12>Argument that is being booted here is that this all

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<v Speaker 12>of this action is a prelude to there being a

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<v Speaker 12>ceasefire deal and Ntania who needs all of this kind

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<v Speaker 12>of a chest beating in order to persuade the nation

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<v Speaker 12>that it's okay to go ahead with the deal, to

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<v Speaker 12>get some hostages out and to create a ceasefire. I

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<v Speaker 12>notice if that's true. What I do know is that

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<v Speaker 12>in the coming days we're going to get hit in

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<v Speaker 12>this country from some combination of his belah Iran and

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<v Speaker 12>the Hutis. It's almost inevitable.

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<v Speaker 2>And with all that in the background, Ethan, we're continuing

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<v Speaker 2>to hear this determination from the US side. A Secretary

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<v Speaker 2>of State Blincoln on ceasefire talks progressing, tensions de escalating.

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<v Speaker 2>I mean, what is the prospect for ceasefire talks when

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<v Speaker 2>we have this disarray in Hamas leadership? I mean, who's

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<v Speaker 2>going to be in the talks at this point?

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<v Speaker 12>Well, to be fair, it has always been only one

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<v Speaker 12>negotiator who mattered and me's Uas and war who's the

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<v Speaker 12>overall leader of Hamas, who's in a tunnel somewhere under Gaza.

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<v Speaker 12>It's a complicated process to negotiate because the messages and

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<v Speaker 12>the communication have to go back and forth by hand.

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<v Speaker 12>They don't do it electronically. There so I mean, to

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<v Speaker 12>be honest, Honey played a role the man who was

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<v Speaker 12>killed in Tehran yesterday, but he was essentrally doing the

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<v Speaker 12>bidding of Sinoar. So someone else will do the bidding

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<v Speaker 12>of Sinoar. That doesn't strike me as the problem. The

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<v Speaker 12>problem is that I think that they're going to pull

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<v Speaker 12>back from these talks, at least for a little while,

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<v Speaker 12>in anger and humiliation for what has just happened, the

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<v Speaker 12>killing of any in Tehran with a precision guided missile

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<v Speaker 12>of some kind. So that's likely. But you know, what

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<v Speaker 12>the US is doing is going around talking to everyone

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<v Speaker 12>and saying, let's keep the waters calm, let's not let

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<v Speaker 12>this devolve into a major regional war. And possibly what

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<v Speaker 12>will happen is what happened in mid April after Israel

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<v Speaker 12>killed Iranian generals in Damascus, and there was a specific

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<v Speaker 12>attack by Iran on the Israeli territory. But it looked,

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<v Speaker 12>and I don't want to go too far in this direction,

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<v Speaker 12>that it had been kind of signaled all around that

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<v Speaker 12>the it was relatively clear what was coming when, so

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<v Speaker 12>that it could be it could make a symbolic gesture,

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<v Speaker 12>but not great a war, and maybe that's what we'll

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<v Speaker 12>see again. I don't know.

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