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

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Speaker 1: Doug Krisner. Japanese carmakers Honda and Nissan are preparing to

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Speaker 1: begin negotiations on a possible merger. A deal could ultimately

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Speaker 1: be expanded to include Mitsubishi Motors. Tbs TV Japan is

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Speaker 1: reporting an announcement could happen as soon as December twenty third.

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Speaker 1: It would create an automotive rival to Toyota and effectively

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Speaker 1: consolidate Japan's auto industry into two camps. We got reaction

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Speaker 1: from James Hong, analyst at Macquarie Securities Korea Limited.

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Speaker 2: For Honda's perspective, the biggest benefit is actually the scale.

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Speaker 2: I mean currently under the current management, Honda has been

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Speaker 2: changing from some of the collaboration and the biggest scale

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Speaker 2: clearly the GM partnership is one of them. They've been

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Speaker 2: working with the Sony recently on Afrilla brand. That there

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Speaker 2: has been clear change on the company's the management on

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Speaker 2: focus on the scale and the operation.

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Speaker 1: That's James Hong, analyst at Macquarie Securities Korea Limited. Now.

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Speaker 1: Earlier this year, Honda and Nissan decided to work together

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Speaker 1: on electric vehicle batteries and software. The Fed's decision on

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Speaker 1: its key policy rate is due tomorrow afternoon. A quarter

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Speaker 1: point cut is widely expected. The FED will also update

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Speaker 1: its quarterly economic forecast, followed by a press conference from

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Speaker 1: FED share J Powell. Torston Slock is the chief economist

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Speaker 1: at Apollo Global Management.

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Speaker 3: It really is this very delicate balance between where does

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Speaker 3: Ja Powell put the weight. Does he put the weight

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Speaker 3: on the dual mandate on inflation has come down that

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Speaker 3: means we should be cutting rates, or does he put

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Speaker 3: his weight on Hey, GDP growth is still strong, the

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Speaker 3: economy is still strong, so maybe we should be stopping

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Speaker 3: with the rate cuts.

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Speaker 1: Torston Slock there the chief economist at Apollo Global Management. Meantime,

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Speaker 1: the CEO of Bank of America, Brian moynihan, says the

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Speaker 1: FED should move slowly on these cuts. He spoke earlier

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Speaker 1: with Bloomberg.

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Speaker 4: Our team moves to us of bringing down the three

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Speaker 4: seventy five ish type of level three more cuts for

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Speaker 4: where they are today, but they'll be higher in the

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Speaker 4: current context. But if you look back excluding two thousand

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Speaker 4: and eight till now three and a half percent, three

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Speaker 4: percent FED funds, right, is the norm, not the exception.

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Speaker 4: It's only been the exception in the last fifteen years.

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Speaker 1: That is Brian moynihan, the CEO of Bank of America.

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Speaker 1: Now you can join Bloomberg Radio for special coverage of

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Speaker 1: the fed's decision and remarks from Chair J. Powell. It

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Speaker 1: all begins tomorrow one thirty pm Wall Street Time. We

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Speaker 1: go to Maryland next, where police are investigating a mass

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Speaker 1: shooting in Towson, outside of Baltimore. One person is dead

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Speaker 1: and nine have been injured. Here is Baltimore County Police

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Speaker 1: Chief Robert McCullough.

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Speaker 5: At this time, we believe this to be a targeted incident,

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Speaker 5: that it was isolated. It appears that the individuals in

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Speaker 5: this case somehow new one another.

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Speaker 1: That was Baltimore County Police Chief Robert McCullough. Now, the

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Speaker 1: nine wounded victims were all taken to the hospital in

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Speaker 1: unknown condition. An overturned vehicle was found on fire at

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Speaker 1: the scene. Police are working to determine motive and possible suspects.

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Speaker 1: Luigi Mangoni has been formally indicted in New York for

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Speaker 1: the killing of United Healthcare CEO Brian Thompson. Manhattan District

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Speaker 1: Attorney Alvin Bragg went over the charges at a news conference.

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Speaker 6: They include one count of murder in the first degree

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Speaker 6: as a killing and furthers of terrorism, two counts of

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Speaker 6: murder and the second degree. One charge of the killing

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Speaker 6: was done as an act of terrorism, and the second

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Speaker 6: pertain to the fact that the killing was intentional.

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Speaker 1: That's Alvin Bragg, the Manhattan DA The indictment was announced

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Speaker 1: hours after court officials in Pennsylvania announced a pair of

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Speaker 1: hearings on Thursday for Mangoni. They will determine how quickly

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Speaker 1: he returns to New York. Was just last week, Mangoni

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Speaker 1: said he would contest extradition to New York. However, Bragg

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Speaker 1: said his office has indications Mangoni may now drop those objections.

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Speaker 1: The Biden administration is said to initiate a trade investigation

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Speaker 1: into Chinese semiconductors in the coming days. We are told

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Speaker 1: the probe could result in tariffs or other measures to

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Speaker 1: restrict imports of older model semiconductors and the products containing them.

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Speaker 1: Congressional leaders have reached a bipartisan deal to extend government funding,

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Speaker 1: and this could avert a looming shutdown deadline of December twentieth.

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Speaker 1: This proposed three month stopgap spending bill includes language to

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Speaker 1: make a higher ethanol blend known as E fifteen, available

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Speaker 1: across the US year round. E fifteen is a fuel

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Speaker 1: containing fifteen percent ethanol, and ethanol makers and corn growers

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Speaker 1: have fought for more than a decade to expand access

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Speaker 1: to E fifteen, given fierce opposition from oil refining states.

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

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Speaker 1: News Now, I'm Doug Krisner, and this is Bloomberg