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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. A federal judge in New York, has denied

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Speaker 1: bail to Sean Diddy. Combs, the music mogul, will remain

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Speaker 1: detained in connection to charges of sex trafficking, racketeering, conspiracy,

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Speaker 1: and transportation to engage in prostitution. Earlier Comes pleaded not

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Speaker 1: guilty to those charges. Damien Williams is the US Attorney

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Speaker 1: for the Southern District of New York.

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Speaker 2: As a legend of the indictment to carry out this conduct,

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Speaker 2: Shawn Combs led and participated in a racketeering conspiracy that

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Speaker 2: use the business empire he controlled to carry out criminal

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Speaker 2: activity including sex trafficking, force labor, kidnapping, arson, bribery, and

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Speaker 2: the obstruction of justice.

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Speaker 1: That was Damien Williams, the US Attorney for the Southern

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Speaker 1: District of New York. Vice President Kamala Harris said she

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Speaker 1: would seek to cap childcare costs for working families at

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Speaker 1: seven percent of their income. It's the latest effort by

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Speaker 1: Harris to sure voters that she will address the high

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Speaker 1: prices and broad economic anxiety. Here is Harris speaking at

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Speaker 1: an NABJ event in Philadelphia.

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Speaker 3: My plan is that no family, no working family, should

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Speaker 3: pay more than seven percent of their income in childcare,

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Speaker 3: because I know that when you talk about the return

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Speaker 3: on that investment, Allowing people to work, allowing people to

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Speaker 3: pursue their dreams in terms of how they want to work,

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Speaker 3: where they want to work, benefits us all. It strengthens

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Speaker 3: the entire economy.

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Speaker 1: That is Vice President Kamala Harris. The Iranian backed militant

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Speaker 1: group has belah is accusing Israel of orchestrating an attack

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Speaker 1: causing pagers to explode. Several people were killed and nearly

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Speaker 1: three thousand wounded in Lebanon and parts of Syria. These

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Speaker 1: events have increased fear of an all out war. Israel

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Speaker 1: did not comment on today's events, although the US did respond.

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Speaker 1: Here is White House Press Secretary Karine Jean Pierre.

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Speaker 3: You're asking me if the US was involved.

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Speaker 2: No, the US was not involved.

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Speaker 3: If you're asking me if we were aware of the operation,

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Speaker 3: we were not aware of this incident, that is.

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Speaker 1: White House Press Secretary Karine Jean Pierre. Lebanon's telecommunications minister

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Speaker 1: Johnny Korm told Bloomberg the pager is likely overheated before

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Speaker 1: the blasts happened, and that indicates foul play. Pagers are

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Speaker 1: popular among hesbelav fighters, who believe they can avoid interception

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Speaker 1: by Israeli intelligence thanks to their low tech nature. The

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Speaker 1: government reported a surprising increase in US retail sales, but

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Speaker 1: it didn't prevent the bond market from making increased bets

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Speaker 1: for a half point rate cut tomorrow. Here's the economist

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Speaker 1: Ed Hayman at Evercore ISI.

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Speaker 4: If they don't know fifty tomorrow, I'll be shocked. I've

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Speaker 4: had this a long time, and the Fed uses they

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Speaker 4: have a system where they use people at the journal

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Speaker 4: or the Financial Times to communicate with us, with you

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Speaker 4: about what they're going to do. They've said clearly they'll

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Speaker 4: get into it.

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Speaker 1: Ed Hymen there from Evercore ISSI. Nipon Steel will receive

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Speaker 1: an extension in the National security review of its takeover

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Speaker 1: of US steal. We are told Nipon will refile its

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Speaker 1: submission to a review panel.

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Speaker 4: Now.

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Speaker 1: This will essentially restart the clock and keep this proposed

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Speaker 1: fourteen billion dollar transaction alive, likely to go beyond well

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Speaker 1: pass the US election in November. The House is set

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Speaker 1: to vote tomorrow on a six month stopgap bill with

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Speaker 1: a controversial election writer. We have more from Bloomberg's Amy Morrison.

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Speaker 5: Washington House Speaker Mike Johnson pulled the bill from the

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Speaker 5: floor last week after opposition from within his own party.

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Speaker 5: It is still likely to fail, with multiple Republicans and

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Speaker 5: almost all Democrats expected to vote no. Johnson's plan to

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Speaker 5: charge forward on the bill signals he's doubling down on

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Speaker 5: House Republicans plan to demand the stop gap be coupled

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Speaker 5: with the save At, which is aimed at cracking down

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Speaker 5: on non citizen voting. Even if the House does pass it,

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Speaker 5: it has virtually no chase in the Senate. Lawmakers have

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Speaker 5: fourteen days until a government funding lapse. Both parties' leaders

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Speaker 5: want to avoid a shutdown that could hurt them before

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Speaker 5: the November elections. In Washington. Amy Morris Bloomberg Radio.

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Speaker 1: Elon Moski is pointing his political focus down ballot. Bloomberg's

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Speaker 1: Nathan Hager has more from Washington.

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Speaker 6: A new filing from the World's Richest Person's America pack

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Speaker 6: shows it is spending two point one million dollars to

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Speaker 6: support more than a dozen Republicans in battleground districts. They

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Speaker 6: include New York representatives Mike Lawler, and Marcus Molinaro, and

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Speaker 6: three California incumbents, Michelle Steele, David Valadaio and Ken Calvert.

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Speaker 6: Till now, the Musk Superpack has focused most of its

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Speaker 6: spending on Donald Trump's White House bid. The billionaire founded

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Speaker 6: America Pack in May, two months before he endorsed the

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Speaker 6: former president. In Washington, I'm Nathan Hager Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News.

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Speaker 1: Now I'm Doug Prisoner and this is Bloomberg