1 00:00:00,880 --> 00:00:04,800 Speaker 1: News when you wanted with Bloomberg News. Now I'm in Callaki. 2 00:00:05,240 --> 00:00:08,760 Speaker 1: Two flight attendants on a Southwest Airlines jet were injured 3 00:00:08,800 --> 00:00:11,639 Speaker 1: Friday after the pilot had to maneuver sharply in response 4 00:00:11,680 --> 00:00:15,360 Speaker 1: to alerts that another aircraft was in the vicinity. About 5 00:00:15,400 --> 00:00:19,400 Speaker 1: six minutes after takeoff, Southwest Airlines Flight fourteen ninety six 6 00:00:19,800 --> 00:00:23,000 Speaker 1: dropped six hundred and twenty five feet. This according to 7 00:00:23,160 --> 00:00:26,800 Speaker 1: flight Radar twenty four, oh website that tracts flights. The 8 00:00:26,840 --> 00:00:29,680 Speaker 1: airline said in a statement that the crew received two 9 00:00:29,720 --> 00:00:34,200 Speaker 1: traffic safety alerts while climbing out of Burbank, California, requiring 10 00:00:34,240 --> 00:00:36,919 Speaker 1: them to climb and descend to comply with the alerts. 11 00:00:37,240 --> 00:00:40,480 Speaker 1: At their closest point, the two planes were four point 12 00:00:40,520 --> 00:00:44,680 Speaker 1: eight miles apart, laterally, again according to flight Radar twenty four, 13 00:00:44,760 --> 00:00:48,680 Speaker 1: with only three hundred feet of vertical separation. The FAA 14 00:00:48,720 --> 00:00:51,440 Speaker 1: said in a statement that it is investigating the incident. 15 00:00:52,080 --> 00:00:55,440 Speaker 1: Microsoft is investigating while there a leak from its early 16 00:00:55,480 --> 00:00:59,720 Speaker 1: alert system for cybersecurity companies allowed Chinese hackers to exploit 17 00:00:59,760 --> 00:01:03,400 Speaker 1: Flow and its SharePoint service before they were patched. This, 18 00:01:03,480 --> 00:01:06,880 Speaker 1: according to people familiar with the matter, The technology company 19 00:01:06,920 --> 00:01:09,840 Speaker 1: is looking into whether the program designed to give cybersecurity 20 00:01:09,880 --> 00:01:13,400 Speaker 1: experts a chance to fix computer systems before the revelation 21 00:01:13,520 --> 00:01:17,600 Speaker 1: of new security concerns led to the widespread exploitation of 22 00:01:17,680 --> 00:01:21,800 Speaker 1: vulnerabilities and its sharepoints software are globally Over the past 23 00:01:21,880 --> 00:01:24,920 Speaker 1: several days, the Wall Street Journal reports that Health and 24 00:01:25,000 --> 00:01:28,800 Speaker 1: Human Services Secretary Robert F. Kennedy Junior plans to oust 25 00:01:28,800 --> 00:01:32,240 Speaker 1: members of the advisory board that decides which preventative health 26 00:01:32,280 --> 00:01:35,959 Speaker 1: measures are covered by insurance. Kennedy is expected to remove 27 00:01:36,000 --> 00:01:39,600 Speaker 1: the sixteen members of the US Preventative Services Task Force 28 00:01:39,720 --> 00:01:43,080 Speaker 1: because he views them as woke now. The journal reported this, 29 00:01:43,160 --> 00:01:46,360 Speaker 1: citing sources familiar with the matter. The task Force makes 30 00:01:46,400 --> 00:01:51,760 Speaker 1: recommendations about the best preventative services, including cancer screenings, behavioral counseling, 31 00:01:51,840 --> 00:01:55,840 Speaker 1: and medications, for the federal government based on the review 32 00:01:56,040 --> 00:01:59,520 Speaker 1: of scientific evidence. The group was created in nineteen eighty four. 33 00:01:59,560 --> 00:02:02,520 Speaker 1: Its compro rise to volunteer physicians who are vetted for 34 00:02:02,600 --> 00:02:05,960 Speaker 1: their conflicts of interest. Wall Street wrapped up the trading 35 00:02:05,960 --> 00:02:07,880 Speaker 1: week at a record We get more in this from 36 00:02:07,880 --> 00:02:09,359 Speaker 1: Bloomberg's Charlie Pellett. 37 00:02:09,560 --> 00:02:11,760 Speaker 2: The S and P five hundred index is now at 38 00:02:11,880 --> 00:02:14,640 Speaker 2: sixty three eighty eight, ending the week with a gain 39 00:02:14,680 --> 00:02:18,000 Speaker 2: of about one and a half percent. Stock's advanced amid 40 00:02:18,080 --> 00:02:21,880 Speaker 2: a solid earning season and hopes for trade deals. Progress 41 00:02:21,919 --> 00:02:26,000 Speaker 2: on trade, positive economic data and signs of corporate resilience 42 00:02:26,200 --> 00:02:29,560 Speaker 2: of offset worries that stocks are overheating, with more than 43 00:02:29,639 --> 00:02:32,560 Speaker 2: eighty percent of S and P five hundred companies exceeding 44 00:02:32,639 --> 00:02:35,960 Speaker 2: profit estimates. For the week, the Dow was up one 45 00:02:36,040 --> 00:02:40,680 Speaker 2: point three percent. Nastack advanced one percent in New York. 46 00:02:40,840 --> 00:02:42,639 Speaker 2: Charlie Pellett Bloomberg Radio. 47 00:02:42,840 --> 00:02:46,160 Speaker 1: European Commission President Ursula vonder lay And said she will 48 00:02:46,160 --> 00:02:48,919 Speaker 1: travel to Scotland this weekend and meet with President Trump, 49 00:02:48,919 --> 00:02:51,200 Speaker 1: as the two sides aimed to conclude a trade deal 50 00:02:51,240 --> 00:02:54,360 Speaker 1: ahead of an August first deadline, when thirty percent tariffs 51 00:02:54,360 --> 00:02:56,720 Speaker 1: on the block's exports are otherwise due to kick in. 52 00:02:57,000 --> 00:03:00,720 Speaker 1: After months of talks and shuttle diplomacy between Brussels and Washington, 53 00:03:01,000 --> 00:03:03,360 Speaker 1: the two sides have been zeroing in on an agreement 54 00:03:03,400 --> 00:03:06,360 Speaker 1: this past week that would see the EU phase fifteen 55 00:03:06,400 --> 00:03:09,880 Speaker 1: percent tariffs and most of its trade. Bloomberg previously reported 56 00:03:10,240 --> 00:03:14,320 Speaker 1: limited exemptions are expected for aviation some medical devices and 57 00:03:14,400 --> 00:03:18,720 Speaker 1: generic medicines several spirits and a specific set of manufacturing 58 00:03:18,760 --> 00:03:22,520 Speaker 1: equipment that the US needs. A federal judge dismissed the 59 00:03:22,600 --> 00:03:27,200 Speaker 1: Trump administration's lawsuit against Illinois and Chicago over sanctuary policies 60 00:03:27,520 --> 00:03:31,400 Speaker 1: that prevent local officials from cooperating with federal immigration enforcement. 61 00:03:31,960 --> 00:03:35,400 Speaker 1: US District Judge Lindsay C. Jenkins Friday said the policies 62 00:03:35,400 --> 00:03:39,200 Speaker 1: at issue are protected by the US Constitution, which says 63 00:03:39,240 --> 00:03:42,760 Speaker 1: all powers not explicitly granted to the federal government are 64 00:03:42,800 --> 00:03:46,040 Speaker 1: reserved to the states. It's the first legal setback among 65 00:03:46,200 --> 00:03:50,080 Speaker 1: several lawsuits the administration has filed against cities and states 66 00:03:50,080 --> 00:03:54,840 Speaker 1: over sanctuary laws. Dan Ives of Wedbush Securities tells Bloomberg 67 00:03:55,120 --> 00:03:59,520 Speaker 1: Tesla's fortunes will soar as it applies artificial intelligence to 68 00:03:59,680 --> 00:04:00,960 Speaker 1: self driving cars. 69 00:04:01,360 --> 00:04:04,560 Speaker 3: They are on They're in the beginning in terms of 70 00:04:04,600 --> 00:04:09,880 Speaker 3: autonomous robotics, humanoids, and we see now autonomous Rubataxi. You know, 71 00:04:09,920 --> 00:04:12,560 Speaker 3: our team was Aaron Austin. You'll see expansion now in 72 00:04:12,600 --> 00:04:15,280 Speaker 3: San Francisco. I believe you're in twenty five cities in 73 00:04:15,400 --> 00:04:18,479 Speaker 3: next year. This is where this is all had in 74 00:04:18,560 --> 00:04:19,720 Speaker 3: terms of the AI revolution. 75 00:04:20,240 --> 00:04:23,120 Speaker 1: Dan Ives of wet Bush Securities the Friday number is 76 00:04:23,160 --> 00:04:24,800 Speaker 1: on Wall Street. The Dow was up to oh wait, 77 00:04:25,120 --> 00:04:27,080 Speaker 1: now's that game fifteighth. The S and P was up 78 00:04:27,120 --> 00:04:29,920 Speaker 1: twenty five. It's fifth straight record closed this week. The 79 00:04:30,000 --> 00:04:32,760 Speaker 1: ten year treasury yields at four point three eight percent, 80 00:04:32,800 --> 00:04:35,880 Speaker 1: the two year yield at three point nine two percent. 81 00:04:36,400 --> 00:04:39,520 Speaker 1: That's news when you wanted with Bloomberg news. Now I 82 00:04:39,640 --> 00:04:41,920 Speaker 1: made Leggy, this is Bloomberg