1 00:00:00,720 --> 00:00:03,960 Speaker 1: News when you want it with Bloomberg News Now, I 2 00:00:04,080 --> 00:00:07,480 Speaker 1: made Cutlin Gie Kilmar of Brigo Garcia, the Maryland man 3 00:00:07,480 --> 00:00:10,640 Speaker 1: deported by the Trump administration to a prison in Al Salvador, 4 00:00:11,119 --> 00:00:13,440 Speaker 1: is being brought back to the US to face federal 5 00:00:13,520 --> 00:00:18,160 Speaker 1: charges that he illegally transported undocumented immigrants within the country. 6 00:00:18,480 --> 00:00:20,680 Speaker 1: Here is Attorney General Pam Bondi. 7 00:00:20,600 --> 00:00:24,000 Speaker 2: Of Brego Garcia has landed in the United States to 8 00:00:24,120 --> 00:00:28,159 Speaker 2: face justice. On May twenty first, a grand jury in 9 00:00:28,200 --> 00:00:32,760 Speaker 2: the Middle District of Tennessee returned to sealed indictment charging 10 00:00:32,800 --> 00:00:38,080 Speaker 2: Abrego Garcia with alien smuggling and conspiracy to commit alien 11 00:00:38,200 --> 00:00:42,520 Speaker 2: smuggling in violation of Title eight USC. Thirteen twenty four. 12 00:00:42,760 --> 00:00:45,440 Speaker 1: Bondi then talked about the findings of the grand jury. 13 00:00:45,560 --> 00:00:49,360 Speaker 2: The grand jury found that over the past nine years 14 00:00:49,560 --> 00:00:53,880 Speaker 2: of Brego Garcia has played a significant role in an 15 00:00:53,920 --> 00:01:00,520 Speaker 2: alien smuggling ring. They found this was his full time job, 16 00:01:01,440 --> 00:01:05,360 Speaker 2: not a contractor. He was a smuggler of humans and 17 00:01:05,520 --> 00:01:06,800 Speaker 2: children and women. 18 00:01:07,240 --> 00:01:10,760 Speaker 1: Bloomberg's David Weston, who clerked for Lewis F. Powell on 19 00:01:10,840 --> 00:01:13,880 Speaker 1: the Supreme Court, says this is a victory for the courts. 20 00:01:13,680 --> 00:01:16,720 Speaker 3: In this country. Even people who are not citizens are 21 00:01:16,840 --> 00:01:19,880 Speaker 3: entitled to do process for an opportunity to say, what 22 00:01:19,959 --> 00:01:22,160 Speaker 3: are the charges against me? Let me respond to them, 23 00:01:22,360 --> 00:01:24,880 Speaker 3: And so now it appears he will be given that opportunity. 24 00:01:25,200 --> 00:01:28,520 Speaker 1: Download the Bloomberg BusinessWeek Daily podcast to hear the entire 25 00:01:28,560 --> 00:01:32,240 Speaker 1: conversation with David Weston. The US Supreme Court gave Elon 26 00:01:32,360 --> 00:01:36,959 Speaker 1: Musk's Department of Government Efficiency access to sensitive social security information, 27 00:01:37,400 --> 00:01:40,440 Speaker 1: lifting restrictions a judge said were needed to protect the 28 00:01:40,440 --> 00:01:44,280 Speaker 1: privacy of millions of Americans. Bloomberg's Ed Ludlow says, this 29 00:01:44,560 --> 00:01:45,360 Speaker 1: is a big story. 30 00:01:45,400 --> 00:01:48,160 Speaker 4: You have people there like Joe Gibier Wright, who's attest, 31 00:01:48,200 --> 00:01:51,800 Speaker 4: the board member, Airbnb founder, and they've just been zeroed 32 00:01:51,840 --> 00:01:53,320 Speaker 4: in on this idea that they can do a much 33 00:01:53,360 --> 00:01:56,240 Speaker 4: better job if they have access to all of the data. 34 00:01:56,280 --> 00:01:58,600 Speaker 4: And when I say job, I mean like use tech, 35 00:01:58,760 --> 00:02:02,160 Speaker 4: use AI, use software to make better decisions, and aerors 36 00:02:02,160 --> 00:02:03,320 Speaker 4: they can target savings. 37 00:02:03,520 --> 00:02:06,600 Speaker 1: You can download the Bloomberg BusinessWeek Daily podcast to hear 38 00:02:06,680 --> 00:02:10,760 Speaker 1: the entire conversation with Ed Ludlow. A federal judge signed 39 00:02:10,760 --> 00:02:13,640 Speaker 1: often arguably the biggest change in the history of college 40 00:02:13,680 --> 00:02:16,440 Speaker 1: sports Friday, clearing the way for schools to begin paying 41 00:02:16,480 --> 00:02:19,160 Speaker 1: their athletes millions of dollars as soon as next month, 42 00:02:19,639 --> 00:02:23,200 Speaker 1: as the multi billion dollar industry shreds the last vestiges 43 00:02:23,240 --> 00:02:25,200 Speaker 1: of the amateur model that defined it for more than 44 00:02:25,240 --> 00:02:28,680 Speaker 1: a century. Sweeping terms of the so called House settlement 45 00:02:28,720 --> 00:02:31,840 Speaker 1: include approval for each school to share up to twenty 46 00:02:31,919 --> 00:02:34,519 Speaker 1: and a half million dollars with athletes over the next 47 00:02:34,600 --> 00:02:37,880 Speaker 1: year and two point seven billion that will be paid 48 00:02:37,880 --> 00:02:40,760 Speaker 1: over the next decade two thousands of former players who 49 00:02:40,840 --> 00:02:44,280 Speaker 1: were barred from that revenue four years. President Trump said 50 00:02:44,280 --> 00:02:47,440 Speaker 1: his Chinese counterparties in paying have agreed to restart the 51 00:02:47,440 --> 00:02:50,600 Speaker 1: flow of rare earth minerals, as negotiators from the two 52 00:02:50,639 --> 00:02:53,880 Speaker 1: nations prepared to resume trade talks on Monday in London. 53 00:02:54,160 --> 00:02:56,919 Speaker 1: The developments come as the world's two largest economies look 54 00:02:56,960 --> 00:03:00,440 Speaker 1: to resolve a simmering dispute over tariffs and technolog that 55 00:03:00,440 --> 00:03:03,679 Speaker 1: has unnerved markets. Trump said, Froddy and social media. The 56 00:03:03,840 --> 00:03:07,919 Speaker 1: Treasury Secretary Scott Best, Incommerce Secretary Howard Lutnik, and Trade 57 00:03:07,919 --> 00:03:12,280 Speaker 1: representative Jamison Greer are set to meet Monday with representatives 58 00:03:12,280 --> 00:03:16,000 Speaker 1: of China with reference to the trade deal. Stocks closed 59 00:03:16,040 --> 00:03:18,799 Speaker 1: Monday at their highest since February. We get more from 60 00:03:18,840 --> 00:03:20,440 Speaker 1: Bloomberg's Charlie Pellet. 61 00:03:20,480 --> 00:03:23,000 Speaker 5: The S and P five hundred index was up one 62 00:03:23,080 --> 00:03:26,400 Speaker 5: percent now at the six thousand mark, driven by hopes 63 00:03:26,440 --> 00:03:30,120 Speaker 5: of easing US China trade tensions along with a solid 64 00:03:30,200 --> 00:03:34,880 Speaker 5: jobs report which eased concerns about an imminent economic slowdown. 65 00:03:35,320 --> 00:03:38,400 Speaker 5: For the week, the SMP five hundred index advanced one 66 00:03:38,440 --> 00:03:41,720 Speaker 5: point five percent, a second week of gains. The Dallas 67 00:03:41,800 --> 00:03:44,880 Speaker 5: week up one point two percent, Nestack up two point 68 00:03:44,920 --> 00:03:48,840 Speaker 5: two percent, Tesla shares rallied three point eight percent to 69 00:03:48,960 --> 00:03:53,240 Speaker 5: lead megacaps higher in New York. Charlie Pellett Bloomberg Radio. 70 00:03:53,560 --> 00:03:57,680 Speaker 1: Apple kicks off its annual worldwide Developers Conference Monday at 71 00:03:57,720 --> 00:04:01,080 Speaker 1: company headquarters in Kupertino. With more on what to expect, 72 00:04:01,080 --> 00:04:03,000 Speaker 1: here's Bloomberg's tom busby. 73 00:04:02,840 --> 00:04:05,680 Speaker 6: The Highlight is expected to be a sweeping redesign of 74 00:04:05,720 --> 00:04:09,320 Speaker 6: the software interfaces for the iPhone, iPad, Mac, Apple TV, 75 00:04:09,440 --> 00:04:12,480 Speaker 6: the Apple Watch on CarPlay, along with some tweaks to 76 00:04:12,560 --> 00:04:16,480 Speaker 6: the Vision Pro mixed reality headset. It's also rebranding at Software, 77 00:04:16,520 --> 00:04:20,040 Speaker 6: shifting from the current number based naming to a year 78 00:04:20,080 --> 00:04:22,520 Speaker 6: based system, so next year's update to the current iOS 79 00:04:22,560 --> 00:04:26,760 Speaker 6: eighteen will be iOS twenty six. There is little chance, though, 80 00:04:26,800 --> 00:04:30,760 Speaker 6: of any significant updates to its long delayed AI product, 81 00:04:30,800 --> 00:04:34,400 Speaker 6: Apple Intelligence. The conference runs through Friday, June thirteenth, Tom 82 00:04:34,440 --> 00:04:35,760 Speaker 6: Busby Bloomberg Radio. 83 00:04:35,839 --> 00:04:38,040 Speaker 1: The Friday numbers on Wall Street the Dow gain four 84 00:04:38,080 --> 00:04:40,600 Speaker 1: to forty three, Nasdaq was up two thirty one, the 85 00:04:40,640 --> 00:04:43,279 Speaker 1: S and P gain sixty one. The tenure Treasury yield 86 00:04:43,279 --> 00:04:45,760 Speaker 1: at four point five percent, the two year at four 87 00:04:45,800 --> 00:04:48,800 Speaker 1: point zero four percent. That's news when you want it 88 00:04:48,839 --> 00:04:52,960 Speaker 1: with Bloomberg News. Now I'm at Kleggy. This is Bloomberg