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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 in Hong Kong. More pagers and now walkie

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Speaker 1: talkies exploded in Beirut in many parts of Lebanon in

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Speaker 1: an apparent second wave of attacks targeting electronic devices. According

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Speaker 1: to Lebanon's Health Ministry, over the course of two days,

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Speaker 1: twenty six people were killed and more than three thousand

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Speaker 1: were wounded. Israel officials have not commented on the blasts.

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Speaker 1: We get the latest from Bloomberg's Jomana Burceechi from Dubai.

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Speaker 2: Both Hezbalah and the Lebanese governments were quick to point

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Speaker 2: the finger at Israel. The Lebanese Prime Minister said that

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Speaker 2: this was an attack on Lebanon's sovereignty, but Israel so

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Speaker 2: far have declined to comment. There has not been an

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Speaker 2: official response.

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Speaker 1: Yet Bloomberg's Jumana Burceecchi now. Israel's Defense Minister Jov Galan

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Speaker 1: said that troops and military resources would be diverted to

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Speaker 1: the Lebanese border north of the country, where Israel has

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Speaker 1: been facing Hesbelah militants. US National Security Communications Advisor John

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Speaker 1: Kirby says the US was not involved in the pager

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Speaker 1: explosions that took place yesterday and today in Lebanon.

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Speaker 3: What I can tell you is we were not involved

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Speaker 3: in yesterday's incidents or today's in any way, And I

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Speaker 3: don't have.

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Speaker 4: Anything more share.

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Speaker 3: It's too soon to know if what happened over the

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Speaker 3: last couple of days is going to have any effect

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Speaker 3: on where we are with a ceasefire deal. Sadly, we

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Speaker 3: aren't any closer to that now than we were even

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Speaker 3: a week ago, so it's difficult to see any immediate

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Speaker 3: impact of these incidents. But I think it's just too

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Speaker 3: soon to know.

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Speaker 1: And Jem how was US National Security Communications Advisor John Kirby.

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Speaker 1: President Joe Biden and Vice President Kamala Harris will discuss

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Speaker 1: Gaza when they host the UAE president on Monday. Asian

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Speaker 1: equities are starting to gain some upside momentum after the

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Speaker 1: FED cut his key benchmark rate by fifty basis points earlier.

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Speaker 1: The US market response was a little less decisive. The

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Speaker 1: S and P five hundred finished down about three tenths

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Speaker 1: of one percent, but tany k has rallied more than

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Speaker 1: nine hundred points, a jump of two point five percent.

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Speaker 1: We'll have more on the markets coming up. Even with

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Speaker 1: the dramatic cut of fifty basis points. The Fed then

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Speaker 1: went and signaled it is not in a hurry to

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Speaker 1: do further easing. Here's Fed Chief Jay Powell.

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Speaker 4: We've waited. And I think that that patient says really

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Speaker 4: paid dividends in the form of our confidence that inflation

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Speaker 4: is moving sustainably under two percent. So I think that

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Speaker 4: is what enables us to take this strong move today.

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Speaker 4: I do not think that anyone should look at this

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Speaker 4: and say, oh, this is the new pace.

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Speaker 1: Meantime, former New York Fed President Bill Dudley said he

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Speaker 1: thinks the Fed got it about right today.

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Speaker 3: One of the.

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Speaker 5: Issues that Paul had is how do you two fifty

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Speaker 5: without scaring people that you know something bad about the economy.

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Speaker 5: And I think he did that very well. He basically said,

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Speaker 5: we're doing this because the news is good, we've made

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Speaker 5: progress out inflation. I thought it was a very you know,

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Speaker 5: he's providing reassurance to people that thinks that they've got it.

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Speaker 1: In some other news, Google won a court fight with

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Speaker 1: European Union EU judges sided with Google in a challenge

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Speaker 1: to a one point seven billion dollar fine it was

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Speaker 1: assessed for a thwarting competition for online ads. Here's Bloomberg's

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Speaker 1: Oliver Crook in Berlin.

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Speaker 6: Google was really sort of explosive in their language on this.

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Speaker 6: They were saying that basically the EU was using quasi

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Speaker 6: criminal level fines against them. There was way out of proportion,

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Speaker 6: saying that the case had a ton of holes in it.

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Speaker 1: Bloomberg's Oliver Crook reporting the International Brotherhood of Teamsters is

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Speaker 1: declining to endorse a candidate for president. Bloomberg's Amy Morris

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Speaker 1: has more from Washington.

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Speaker 7: It is a blow to both Kamala Harris and Donald Trump.

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Speaker 7: Teamster's general president Sean O'Brien released a statement saying that

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Speaker 7: neither candidate was able to make serious commitments to the

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Speaker 7: union quote to ensure the interests of working people are

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Speaker 7: always put before big business. Now, the Teamsters released internal

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Speaker 7: polling data showing members had an initially favored endorsing Biden

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Speaker 7: over Trump, but after Harris became the nominee, the majority

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Speaker 7: of respondents back to Trump and poland conducted a few

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Speaker 7: days ago, fifty eight percent supported endorsing Trump compared to

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Speaker 7: thirty one percent for Harris. And you may recall O'Brien

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Speaker 7: spoke at the Republican National Convention in July, the first

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Speaker 7: time a leader of the Union has done so. Amy Morris,

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Speaker 7: Bloomberg Radio.

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Speaker 1: The House has rejected House Speaker Mike Johnson's government funding bill.

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Speaker 1: Bloomberg Jed Baxter has the story.

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Speaker 8: The bill would have linked temporary funding for the federal

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Speaker 8: government with a mandate that states require proof of citizenship

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Speaker 8: when people register to vote. This is a second try.

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Speaker 8: It shows some fractures in the party over spending levels

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Speaker 8: or dislike of continuing resolutions. Johnson says, back to the

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Speaker 8: drawing board.

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Speaker 9: We ran the play. It was the best play, it

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Speaker 9: was the right one, and so now we go back

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Speaker 9: to the playbook. We'll draw up another play and we'll

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Speaker 9: come up with a solution. I'm already talking to colleagues

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Speaker 9: about their many ideas. We have time to fix the situation.

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Speaker 9: We'll get right to it.

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Speaker 8: Yeah, Ti'm deadline to prevent a partial government shutdown as

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Speaker 8: October first, Ad Baxter, Bloomberg Radio.

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Speaker 1: The Justice Department has filed a lawsuit over the deadly

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Speaker 1: bridge collapse that crippled the Port of Baltimore last March.

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Speaker 1: Bloomberg Nathan Hager reports from Washington.

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Speaker 10: The Biden administration is seeking more than one hundred million

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Speaker 10: dollars to cover the costs from the Singapore flag cargo

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Speaker 10: ship Dolly ramming into the Francis Scott Key Bridge, killing

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Speaker 10: six people and crippling operations at the Port of Baltimore

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Speaker 10: for weeks. In the fifty three page lawsuit, DOJ accuses

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Speaker 10: Dolly's owners and operators of sending a quote ill prepared

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Speaker 10: crew on an abjectly unseaworthy vessel. Back in April, Dolly's

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Speaker 10: parent companies sought to limit their liability to forty three

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Speaker 10: point seven million dollars. They said the collapse was not

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Speaker 10: due to any fault, neglect, or want of care. In Washington,

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Speaker 10: I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News. Now.

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Speaker 1: I'm Brian Curtis. This is Bloomberg