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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. US Vice President Kamala Harris is

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Speaker 1: emerging as the clear alternative should Joe Biden step aside

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Speaker 1: in the US presidential election. Earlier, The New York Times

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Speaker 1: had reported that Biden had conceded the possibility to a

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Speaker 1: key ally. Later, the White House denied the report. Bloomberg's

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Speaker 1: Billy House tells this what the next steps might be

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Speaker 1: if Biden were to drop out.

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Speaker 2: Think some in the Biden camp just want him to

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Speaker 2: be able to pick probably Harrister on Others want a

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Speaker 2: sort of a mini primary, however that would be helped,

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Speaker 2: and whether it be at the convention in August or

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Speaker 2: have to be way before then. Somehow there's really no

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Speaker 2: set pattern for how to do this, and I think

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Speaker 2: that's part of the confusion and what Biden is kind

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Speaker 2: of wading into if he met does decide to leave.

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Speaker 1: Bloomberg Congressional reporter Billy howse with Biden under fire in

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Speaker 1: some quarters, he did get support from key Democratic governors.

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Speaker 1: Bloomberg's Ed Baxter has more.

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Speaker 3: Maryland Governor Wes Morris says he is convinced that Biden

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Speaker 3: is in to win.

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Speaker 4: We know we have work to do. We know that

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Speaker 4: as we're standing right here, we're behind. But we also

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Speaker 4: know that that path to be able to make sure

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Speaker 4: that we can pull ahead in November is real, and

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Speaker 4: it's going to take all of us in order to

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Speaker 4: make it happen and to make it work.

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Speaker 3: And Minnesota Governor Tim Wall says Biden is fit for office.

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Speaker 3: New York Governor Kathay Hochel also adding support, as did

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Speaker 3: Governors Gavin Newsom and Michigan Governor Gretchen and Whitmer, who

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Speaker 3: posted He's in it to win it I support him,

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Speaker 3: Ed Baxter Bloomberg Radio.

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Speaker 1: Meantime, Ukrainian President VOLODIMR. Zelenski says that former President Trump

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Speaker 1: should come forward with his plan to end the war

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Speaker 1: with Russia. It's something the former president had boasted he

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Speaker 1: could do. In a nearly hour long exclusive interview with Bloomberg.

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Speaker 1: Zelenski said that he should know whether Trump's plan would

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Speaker 1: ultimately put Ukraine's sovereignty at risk.

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Speaker 5: We are four million, We're a big country, and we

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Speaker 5: really depend on the aid from the world, and we

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Speaker 5: depend on the aid and the position and the stans

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Speaker 5: of the US. So I would like to understand what

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Speaker 5: would it mean to finish war fast tomorrow? Do we

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Speaker 5: want the war to be over tomorrow? We didn't even

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Speaker 5: to start. It was putting for start at it.

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Speaker 1: Speaking through an interpreter, Zelensky said he's willing to meet

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Speaker 1: with Trump in person to hear the proposals. You can

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Speaker 1: hear the full conversation on the Bloomberg Talks podcast. In

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Speaker 1: the meantime, the Pentagon is dipping into its own inventory

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Speaker 1: to try to help provide a two point three billion

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Speaker 1: dollar arms package for Ukraine. Bloomberg's Amy Morris reports from Washington.

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Speaker 6: The package includes equipment from Pentagon inventories and long term

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Speaker 6: contracts for air defense weapons with Lockey, Martin and RTX.

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Speaker 6: The short term draw down from US dog piles is

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Speaker 6: about one hundred and fifty million dollars. The bulk of

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Speaker 6: the money, about two point one billion, will flow to

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Speaker 6: a low Rockheed and RTX in long term contracts under

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Speaker 6: the Ukraine Security Assistance Initiative. Defense Secretary Lloyd Austin says

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Speaker 6: the US will speed up deliveries by resequencing deliveries for

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Speaker 6: some foreign military sales in Washington. Amy Morris Bloomberg Radio Well.

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Speaker 1: FED officials say they're waiting for additional evidence that inflation

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Speaker 1: is cooling. Bloomberg's Michael McKee has more on the minutes

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Speaker 1: from the Fed's meeting in June.

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Speaker 7: Policymakers were divided over the effect on policy and growth.

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Speaker 7: Some noted there was uncertainty about the degree of restrictiveness,

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Speaker 7: with most participants viewing current rates as restrictive, while some

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Speaker 7: thought they might be less so because the economy's strength

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Speaker 7: showed the longer run equilibrium interest rate was higher than

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Speaker 7: previously assessed.

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Speaker 1: Bloomberg's Michael McKee next up. Nonfarm Payrolls for June. Shares

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Speaker 1: in Paramount Global jump nearly seven percent in the New

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Speaker 1: York session, the biggest gain in a couple of months.

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Speaker 1: It came in reaction to a revived merger deal with

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Speaker 1: independent film and TV producer Skydance Media. More from Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 4: Skydance is led by Oracle co founder Larry Allison's son

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Speaker 4: David Ellison. The source says it has reached a preliminary

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Speaker 4: agreement by Sherry Redstone's National Amusements for one point seventy

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Speaker 4: five billion dollars and merged with Paramount, the parent of

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Speaker 4: CBS and MTV. The sources National Amusements, the family company

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Speaker 4: that controls Paramount, will refer the deal to a special

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Speaker 4: committee of Paramount Directors for review in New York. Charlie

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Speaker 4: Pellett Bloomberg Radio.

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

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Speaker 1: Brian Curtis. This is Bloomberg