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Speaker 1: Hi, this is Kaylee Lyons, and I want to tell

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Speaker 1: you about Bloomberg News Now. It's News when you want

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Speaker 1: It on your schedule. These are short audio reports five

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Speaker 1: minutes or less that bring you the latest headlines with contexts,

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Speaker 1: twenty four hours a day. Get it on your smartphone

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Speaker 1: with Apple Podcasts, Spotify or any podcast platform. And if

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Speaker 1: you're still not sure, here's a sample of today's latest

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Speaker 1: report from our team at Bloomberg News Now.

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Speaker 2: News when you want it With Bloomberg News Now, I'm

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Speaker 2: Amy Morris. New York City Mayor Eric Adams is indicted

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Speaker 2: on bribery and fraud charges after a federal corruption investigation.

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Speaker 2: Adams is accused of accepting illegal campaign contributions for his

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Speaker 2: mayoral campaign from foreign nationals, and he's accused of defrauding

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Speaker 2: the City of New York, using illegal contributions to defraud

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Speaker 2: the city's matching funds program up to ten million dollars.

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Speaker 2: He's also accused of accepting luxury travel, hotel stays, and

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Speaker 2: other benefits from foreign nationals. You, as attorney for the

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Speaker 2: Southern District of New York, Damian Williams.

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Speaker 3: The mayor had a duty to disclose these gifts on

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Speaker 3: his annual public disclosure forms so that the public could

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Speaker 3: see who.

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Speaker 4: Was giving him what.

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Speaker 3: But as we allege, year after year after year, he

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Speaker 3: kept the public in the dark.

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Speaker 2: Adams is defiant and says he will not step down.

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Speaker 5: My day to day will not change.

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Speaker 6: I will continue to do the job for eight point

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Speaker 6: three million New Yorkers that I was elected to do.

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Speaker 2: Federal prosecutors alleged that for nearly a decade, Adams accepted

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Speaker 2: improper benefits from wealthy foreign business people seeking to gain

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Speaker 2: influence over him. Hurricane Helene is now a Category two storm,

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Speaker 2: but could grow into a powerful Category three or even

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Speaker 2: a four by the time it makes landfall around Florida's

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Speaker 2: Big Bend. Rescue teams from across the country are staging

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Speaker 2: in the region to be ready to go when they're needed.

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Speaker 2: This task force member is from Pennsylvania.

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Speaker 7: There could be a swift water rescue environment due to

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Speaker 7: flash flooding, an urban flooding. There could be other rescue

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Speaker 7: environments just from accumulative water where we got to put

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Speaker 7: boats in a rescue people.

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Speaker 2: Helene is gaining power as toward Florida, where it is

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Speaker 2: expected to make landfall tonight or early tomorrow morning. Whether

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Speaker 2: and hurricane specialists say this storm is going to cause

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Speaker 2: catastrophic flooding across several states from extremely heavy rain. There

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Speaker 2: will be no ceasefire. That from Israel's foreign minister after

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Speaker 2: the US and France proposed a three week pause in

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Speaker 2: fighting with Hesbolah, Lebanon's economy minister tells Bloomberg's Jumani Bersecci

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Speaker 2: has Belah is starting to show flexibility on a truce.

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Speaker 4: They have suffered a lot of blows. The three thousand

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Speaker 4: operatives were critically injured in those explosions last week. They've

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Speaker 4: lost senior commanders, and the air strikes had begun at

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Speaker 4: the beginning of this week. And so from their perspectives,

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Speaker 4: would this be them showing that they're conceding.

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Speaker 2: Bloomberg's Jumana Barsecci reporting from our European headquarters in London.

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Speaker 2: Wells Fargo has entered a key new phase of its

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Speaker 2: almost seven year effort to escape a federal reserve cap

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Speaker 2: on its assets, punishment that has become the most feared

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Speaker 2: in banking. We get more with Bloomberg shanale Bassic.

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Speaker 6: Behind the scenes. Wells Fargo has submitted a third party

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Speaker 6: review of risk and control overhauls for analysis and sign

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Speaker 6: offf However, sources have warned that it could still see

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Speaker 6: the cap stretching at least into next year while the

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Speaker 6: FED reviews this submission. Of course, it has been a

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Speaker 6: long and costly road for Wells Fargo to get to

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Speaker 6: this point.

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Speaker 2: Bloomberg shanale bassic the cap limits the bank to its

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Speaker 2: size at the end of twenty seventeen about one point

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Speaker 2: nine to five trillion dollars in assets, curbing the company's

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Speaker 2: potential to boost profits. Wells Fargo shares are now four

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Speaker 2: point three percent higher. We got a lot of economic

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Speaker 2: data this morning, and the US continues to show signs

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Speaker 2: of growth. Second quarter GDP was revised higher to three percent.

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Speaker 2: Durable goods orders barely changed last month, which was better

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Speaker 2: than economists expected. Weekly jobless claims fell to a four

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Speaker 2: month low of two hundred and eighteen thousand. We get

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Speaker 2: perspective with Bloomberg's Jonathan Farrell.

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Speaker 8: So at a time when we're really worried about the

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Speaker 8: next step in the economy and the evolution of the

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Speaker 8: American economy being layoffs, people getting fired and claims rising,

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Speaker 8: we just don't see it in the dates of right now,

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Speaker 8: we do not see it at all.

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Speaker 2: Bloomberg's John Farroh, And we check the markets for you

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Speaker 2: all day long here at Bloomberg. The S and P

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Speaker 2: five hundred of a quarter percent, NASDAC up three tenths

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Speaker 2: of a percent, the Dow up a half percent, and

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Speaker 2: the Russell two thousand up eight tenths of a percent.

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Speaker 2: The tenure yield at three point eight percent, the two

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Speaker 2: year treasury yield at three point six percent. Boston FED

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Speaker 2: President Susan Collins and FED Governor Adriana Kugler participated in

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Speaker 2: a fireside chat focusing on the intersections between banks supervision

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Speaker 2: and financial inclusion. Coogler says access to credit is critical

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Speaker 2: for the Fed's employment mandate.

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Speaker 5: But on employment side of the mandate, it is very

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Speaker 5: critical to have access to credit because access to credit

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Speaker 5: is usually needed to pursue an education, which opens stores

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Speaker 5: for employment. It is critical to have access to housing

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Speaker 5: and to autos and cars, which are what he called

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Speaker 5: toots jobs as well.

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Speaker 2: Fed Governor Adriana Coogler and that's news when you want

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Speaker 2: it with Bloomberg News. Now, I am Morrison, this is

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Speaker 2: Bloomberg