1
00:00:00,960 --> 00:00:04,200
Speaker 1: News when you want it with Bloomberg News. Now, I'm

2
00:00:04,200 --> 00:00:07,440
Speaker 1: in Kahalenki. The White House is revealing details on the

3
00:00:07,440 --> 00:00:10,600
Speaker 1: TikTok deal. President Trump says he struck with China's leader

4
00:00:10,600 --> 00:00:14,640
Speaker 1: Shei Hunping, and Bloomberg's Windy Benjamin Sin in Washington says

5
00:00:14,680 --> 00:00:16,840
Speaker 1: it appears the deal checks all the boxes in the

6
00:00:16,840 --> 00:00:20,440
Speaker 1: new US law on control of the social media platform

7
00:00:20,520 --> 00:00:23,120
Speaker 1: currently owned by Chinese parents Byte Dance.

8
00:00:23,200 --> 00:00:27,400
Speaker 2: Americans would hold six of the seven board seats for TikTok,

9
00:00:28,280 --> 00:00:33,120
Speaker 2: and the algorithm would tirely US controlled. And also American

10
00:00:33,120 --> 00:00:37,720
Speaker 2: board members would have national security and cybersecurity credentials, and

11
00:00:37,760 --> 00:00:41,480
Speaker 2: that seventh board member who would be chosen by Byte Dance,

12
00:00:41,560 --> 00:00:45,560
Speaker 2: TikTok's parent company, would be excluded from the Security committee.

13
00:00:45,640 --> 00:00:48,840
Speaker 2: So what we're really seeing is a real draw down

14
00:00:49,000 --> 00:00:50,640
Speaker 2: in Chinese control of TikTok.

15
00:00:50,720 --> 00:00:55,760
Speaker 1: Bloomberg's Windy benjaminsin reporting from Washington, President Trump urged Afghanistan

16
00:00:55,840 --> 00:00:59,080
Speaker 1: to return the Bagram Air Base to US control, threatening

17
00:00:59,160 --> 00:01:02,400
Speaker 1: bad thing for the Taliban led country if it fails

18
00:01:02,440 --> 00:01:05,080
Speaker 1: to comply. The demand made it a post on truth

19
00:01:05,120 --> 00:01:08,640
Speaker 1: Social Saturday, follows comments from Trump earlier this week, during

20
00:01:08,640 --> 00:01:11,760
Speaker 1: a joint press conference with British Prime Minister Kure Starmer

21
00:01:12,000 --> 00:01:14,680
Speaker 1: that the US is trying to reclaim the base. Trump

22
00:01:14,720 --> 00:01:18,880
Speaker 1: has long criticized his predecessor, Joe Biden over the tumultuous

23
00:01:19,080 --> 00:01:22,760
Speaker 1: US withdrawal from Afghanistan, saying that the move left in

24
00:01:22,800 --> 00:01:26,959
Speaker 1: the hands of the Taliban, American weaponry and other military assets,

25
00:01:27,000 --> 00:01:31,120
Speaker 1: including the base at Bogram. Luigi Mangioni's lawyers urged a

26
00:01:31,240 --> 00:01:34,839
Speaker 1: judge Saturday to bar federal prosecutors from seeking the death

27
00:01:34,840 --> 00:01:38,679
Speaker 1: penalty in the killing of United Healthcare CEO Brian Thompson,

28
00:01:39,120 --> 00:01:42,640
Speaker 1: arguing that authorities prejudiced his case by turning his arrest

29
00:01:42,720 --> 00:01:46,800
Speaker 1: into a Marvel movie spectacle and by publicly declaring their

30
00:01:46,800 --> 00:01:50,760
Speaker 1: desire to see him executed. Fresh from a legal victory

31
00:01:50,800 --> 00:01:54,360
Speaker 1: that he eliminated terrorism charges in Mangioni's state murder case,

32
00:01:54,720 --> 00:01:58,040
Speaker 1: his lawyers are now fighting to have his federal case dismissed,

33
00:01:58,440 --> 00:02:02,160
Speaker 1: seizing on US Attorney Gis General Pam Bondi's declaration prior

34
00:02:02,200 --> 00:02:05,840
Speaker 1: to his April indictment that capital punishment is warranted for

35
00:02:05,920 --> 00:02:11,639
Speaker 1: a premeditated, cold blooded assassination that shocked America tech companies

36
00:02:11,680 --> 00:02:14,680
Speaker 1: are scrambling to figure out what new visa policies mean

37
00:02:14,720 --> 00:02:17,800
Speaker 1: for business. The President has introduced a one hundred thousand

38
00:02:17,840 --> 00:02:20,880
Speaker 1: dollars application fee for the H one B visa program,

39
00:02:20,919 --> 00:02:23,960
Speaker 1: a Trump Gold Card visa program for one million dollars.

40
00:02:24,200 --> 00:02:28,799
Speaker 1: Bloomberg's Hadriana Lowenkron says the program is controversial even among

41
00:02:28,919 --> 00:02:30,720
Speaker 1: some loyal Trump supporters.

42
00:02:30,840 --> 00:02:33,840
Speaker 3: That's something that people like Elon Musk, you know, an

43
00:02:33,840 --> 00:02:37,760
Speaker 3: Ali of his, vivik Ramaswami. You know, these are people

44
00:02:38,080 --> 00:02:42,280
Speaker 3: who have you know, voiced support for that program, whereas

45
00:02:42,360 --> 00:02:45,399
Speaker 3: you have other people and this more kind of more

46
00:02:45,440 --> 00:02:50,320
Speaker 3: to the right maga faction of his base that are

47
00:02:50,360 --> 00:02:50,960
Speaker 3: against US.

48
00:02:51,320 --> 00:02:54,520
Speaker 1: Meantime, lowen Cron says President Trump is also talking about

49
00:02:54,520 --> 00:02:57,240
Speaker 1: a new platinum level car that would cost five million

50
00:02:57,520 --> 00:02:59,520
Speaker 1: and allow the holder to come to the US for

51
00:02:59,600 --> 00:03:01,920
Speaker 1: up to two hundred and seventy days a year without

52
00:03:01,919 --> 00:03:05,639
Speaker 1: being subject to US taxes on non US income. Commerce

53
00:03:05,639 --> 00:03:08,360
Speaker 1: Secretary Lutnix says new visa programs could bring in at

54
00:03:08,440 --> 00:03:12,280
Speaker 1: least one hundred billion dollars in revenue. SEC Chair Paul

55
00:03:12,360 --> 00:03:15,320
Speaker 1: Atkins says the Commission will move forward with plans to

56
00:03:15,440 --> 00:03:19,919
Speaker 1: overhaul investor disclosure rules for publicly traded companies. We get

57
00:03:19,960 --> 00:03:22,239
Speaker 1: more on this from Bloomberg's Charlie Pellett.

58
00:03:22,600 --> 00:03:25,680
Speaker 4: The announcement came the same week that President Trump issued

59
00:03:25,720 --> 00:03:29,480
Speaker 4: a social media posts suggesting the SEC should move to

60
00:03:29,680 --> 00:03:33,880
Speaker 4: semi annual rather than quarterly reporting, and in an interview

61
00:03:33,960 --> 00:03:37,040
Speaker 4: on CNBC, Atkins said, quote, it's a good time to

62
00:03:37,080 --> 00:03:40,360
Speaker 4: look at the whole panopoly of ways that people get information,

63
00:03:40,720 --> 00:03:44,440
Speaker 4: how it's disseminated, and what's fit for purpose. He noted

64
00:03:44,480 --> 00:03:48,480
Speaker 4: that many investors get more information from earnings calls rather

65
00:03:48,680 --> 00:03:52,920
Speaker 4: than the quarterly reports. In New York Charlie Pellett Bloomberg Radio.

66
00:03:53,040 --> 00:03:56,320
Speaker 1: The Bureau of Labor Statistics is postponing the release of

67
00:03:56,360 --> 00:03:59,960
Speaker 1: an important annual report on consumer expenditures that was supposed

68
00:03:59,960 --> 00:04:02,280
Speaker 1: to come out this coming week. We get more on

69
00:04:02,320 --> 00:04:04,120
Speaker 1: this from Bloomberg's Denise Pellegriney.

70
00:04:04,240 --> 00:04:07,760
Speaker 5: The report on consumer expenditures is closely watched because of

71
00:04:07,800 --> 00:04:11,600
Speaker 5: its data unspending, income, and demographics. It's also used to

72
00:04:11,720 --> 00:04:14,280
Speaker 5: figure out the waiting of various goods and services in

73
00:04:14,320 --> 00:04:17,359
Speaker 5: the coming year's Consumer Price Index. The announcement on the

74
00:04:17,360 --> 00:04:20,680
Speaker 5: BLS website doesn't say why the Tuesday release is being

75
00:04:20,720 --> 00:04:23,920
Speaker 5: held or when it might come out. President Trump fired

76
00:04:23,960 --> 00:04:26,600
Speaker 5: the head of the BLS last month after her agency

77
00:04:26,640 --> 00:04:30,880
Speaker 5: reported week jobs growth in July and substantial downward revisions

78
00:04:30,920 --> 00:04:34,160
Speaker 5: to the two prior months. Denise Pellegrine Bloomberg Radio.

79
00:04:34,040 --> 00:04:37,560
Speaker 1: For President Trump's crackdown on wind energy maybe putting thousands

80
00:04:37,560 --> 00:04:39,520
Speaker 1: of jobs at risk. We get more on this from

81
00:04:39,520 --> 00:04:41,520
Speaker 1: Bloomberg's Nathan Hagar in Washington.

82
00:04:41,640 --> 00:04:44,840
Speaker 6: More than fifteen thousand jobs in New England alone. That's

83
00:04:44,839 --> 00:04:48,280
Speaker 6: according to a Bloomberg News analysis of company and state announcements.

84
00:04:48,320 --> 00:04:50,880
Speaker 6: And it doesn't count a six billion dollar project off

85
00:04:50,920 --> 00:04:54,680
Speaker 6: Maryland's coast that the Trump Administration's fighting in court last month.

86
00:04:54,760 --> 00:04:57,920
Speaker 6: Stopwork order on the Revolution Wind Farm off Rhode Island

87
00:04:57,920 --> 00:05:01,000
Speaker 6: affects two thousand jobs. More than three thirteen thousand others

88
00:05:01,000 --> 00:05:04,320
Speaker 6: are threatened in offshore projects near Massachusetts that are still

89
00:05:04,320 --> 00:05:08,359
Speaker 6: waiting for construction. In Washington, I'm Nathan Hager, Bloomberg Radio.

90
00:05:08,480 --> 00:05:11,320
Speaker 1: That's news when you want it with Bloomberg News. Now.

91
00:05:11,560 --> 00:05:14,320
Speaker 1: I made Koleggi. This is Bloomberg