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

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Speaker 1: Charlie Pellett. As of twelve oh one Eastern time, President

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Speaker 1: Trump's country specific reciprocal tariffs are in effect. The President

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Speaker 1: has signed an executive order imposing an additional twenty five

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Speaker 1: percent tariff on India over its purchase of Russian energy.

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Speaker 1: Those come on top of the twenty five percent reciprocal

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Speaker 1: tariff rate already in place. Here's President Trump's trade advisor

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Speaker 1: Peter Navarro.

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Speaker 2: You start with the fact that India is the Maharaja

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Speaker 2: of tariffs. It's the highest tariffs in the world charging

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Speaker 2: on American products, and it's got high non tariff bearers,

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Speaker 2: so we can't get our products in.

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Speaker 1: President Trump's trade advisor Peter Navarro. Apple says it will

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Speaker 1: commit to spending another one hundred billion dollars on domestic manufacturing,

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Speaker 1: the latest pledge by the tech giant to increase US

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Speaker 1: production of its products as it seeks to avoid punishing

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Speaker 1: tariffs on its flagship iPhones. Here's Apple CEO Tim Cook.

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Speaker 3: Apple is leading the creation of an end to end

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Speaker 3: silicon supply chain right here in America, from design to

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Speaker 3: equipment to wafer production to fabrication to packaging.

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Speaker 1: As for the broader CAPEX spending environment. Joe Lavorgnia is

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Speaker 1: Counselor to Treasury Secretary Scott Bessant. He was interviewed on

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Speaker 1: Bloomberg Balance of Power.

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Speaker 4: Did you get this CAPEX comeback tighten?

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Speaker 5: With the blue collar boom we're seeing in wage's real

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Speaker 5: wages expanding, consumer spending is going to be strong.

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Speaker 4: That's going to power the economy upward.

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Speaker 1: Joe Lavorgnia, Councilor to Treasury Secretary Scott Bessant. A US

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Speaker 1: Army sergeant open fire on five fellow soldiers inside a

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Speaker 1: secure building at Fort Stewart in Georgia using a personal handgun.

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Speaker 1: Here's Fort Stuart Hunter Army Airfield Brigadier General John Lubas.

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Speaker 5: Our wounded soldiers were initially evacuated to Win Army Community

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Speaker 5: Hospital right here on Fort Stewart. All arrived in stable condition,

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Speaker 5: and three of the five required surgical intervention. Two have

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Speaker 5: been transported to Memorial Hospital in Savannah, Georgia for additional care.

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Speaker 1: Sergeant Cornelius Radford was quickly tackled by soldiers nearby and

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Speaker 1: taken into custody by military police. Saudi Arabia who has

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Speaker 1: raised crude prices for a second consecutive month and with more.

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Speaker 1: Here's Bloomberg's Monica Ris.

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Speaker 6: It signals confidence in demand for its barrels as opek

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Speaker 6: Plus continues to ramp up supply. The world's biggest exporter

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Speaker 6: has been leading opek at its allies and raising output

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Speaker 6: as they seek bigger market share. Wall Street firms such

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Speaker 6: as JP, Morgan Chase and Goldman Sachs anticipate that prices

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Speaker 6: will sink towards sixty dollars a barrel in the fourth quarter.

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Speaker 7: In New York.

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Speaker 6: Monica Ricks Bloomberg Radio.

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Speaker 1: Bob McNally is president and founder of Rapidan Energy Advisors.

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Speaker 1: He was interviewed on Bloomberg Balance of Power.

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Speaker 4: We expect as we get into the fall, balances will

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Speaker 4: loosen and soften up opek Plus, bringing back more barrels

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Speaker 4: the end of the gasoline season, etc. So there's this coincidence,

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Speaker 4: if you will, with this expected softening and then the

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Speaker 4: secondary sanctions so far being less severe than had been threatened.

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Speaker 1: Bob McNally of Rapid Energy Advisors interviewed on Bloomberg Balance

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Speaker 1: of Power. Apollo Global Management has agreed to acquire a

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Speaker 1: majority stake in Stream Data Centers and with more. Here's

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Speaker 1: Bloomberg's Dan Schwartzmann.

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Speaker 7: It marks its first such acquisition as the alternative asset

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Speaker 7: manager capitalizes on booming demand for digital infrastructure. The deal

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Speaker 7: allows Apollo managed funds to potentially invest billions of dollars

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Speaker 7: in digital infrastructure. Stream Data Center's management team will retain

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Speaker 7: a minority interest as part of the deal, which is

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Speaker 7: expected to be completed this year. Alternative asset managers like

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Speaker 7: Apollo have been spending big on data centers as a

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Speaker 7: rise of artificial intelligence spurs a growing demand for power.

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Speaker 7: In New York, Dan Schwartzman, Bloomberg Radio.

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Speaker 1: Stocks, hire s and p up forty five points, a

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Speaker 1: gain of seven tents of warm percent, the Dow up

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Speaker 1: eighty one, up by two tents, nez Stack up by

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Speaker 1: one point two percent. And that's news when you want

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Speaker 1: it with Bloomberg News. Now. I'm Charlie Pellatan. This is

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Speaker 1: Bloomberg