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

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Speaker 1: We begin in Japan. The country has issued a tsunami

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Speaker 1: warning after a powerful earthquake off the eastern coast of Russia.

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Speaker 1: It occurred Wednesday morning local time. Now. According to the

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Speaker 1: US Geological Survey, this magnitude eight point eight quake struck

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Speaker 1: off the coast of the Komchatsky Peninsula. Here is Bloomberg's

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Speaker 1: John Herskowitz and Tokyo.

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Speaker 2: What is forecast for Japan or what the Medeological Agency

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Speaker 2: has warned of is of a tsunami of up to

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Speaker 2: three meters, and the warning stretches for large parts of

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Speaker 2: Japan's Pacific coast from Hokkaido through most of Honshu. This

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Speaker 2: is an area that includes the Tokyo metropolitan area the

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Speaker 2: Osaka metropolitan area.

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Speaker 1: That is Bloomberg's John Hirskowitz. Now, tsunami warnings have been

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Speaker 1: issued for Hawaii and parts of Alaska, and a tsunami

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Speaker 1: watch is in from the California Mexico border to the

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Speaker 1: Chicknik Bay in Alaska. That's according to the US National

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Speaker 1: Weather Service's tsunami Warning system. By the way, the US

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Speaker 1: territory of Guam is also under a tsunami watch. We

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Speaker 1: go to trade next. Talks between the US and China

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Speaker 1: will continue as the two sides work to extend a

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Speaker 1: tear of truce it's set to expire August twelfth. Here

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Speaker 1: is US Treasury Secretary Scott Bessant speaking after meetings earlier

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Speaker 1: in Stockholm.

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Speaker 3: We had great momentum going into the meeting thanks to

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Speaker 3: the President's trade deals. I think that the Chinese were

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Speaker 3: surprised by the magnitude of the Japan deal, by the

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Speaker 3: magnitude and the terms of the European deal. I believe

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Speaker 3: that they were in more of a moved for a

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Speaker 3: wide ranging discussion.

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Speaker 1: That is US Treasury Secretary Scott Bessant there. Interestingly, Beijing's

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Speaker 1: negotiators suggested a ninety day extension is in place, but

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Speaker 1: Besson said they may have spoken too soon. Both sides,

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Speaker 1: by the way, are still addressing export controls, rare earths,

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Speaker 1: and fentanyl to tariffs. President Trump said he would give

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Speaker 1: Russia ten more days from today to reach a truce

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Speaker 1: with Ukraine. Trump announced a new deadline as a way

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Speaker 1: of pressuring Russian President Vladimir Putin to end the war,

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Speaker 1: and Trump threatened potential economic penalties on Moscow if it

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Speaker 1: did not act. We got reaction from Evelyn Farkas, executive

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Speaker 1: director of the McCain Institute.

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Speaker 4: He hasn't shown any signs of taking him seriously, or

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Speaker 4: at least he's not afraid of any consequences, so he's

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Speaker 4: continued and in fact ramped up his attacks on the

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Speaker 4: Ukrainian civilians. I will say, however, that it sounds like

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Speaker 4: President Trump is saying, I'm giving you one last chance.

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Speaker 4: So the number of days is probably not the issue.

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Speaker 4: It's the fact that he's saying, I'm losing patients.

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Speaker 1: Evelyn Farcas, there of the McCain Institute. Separately, a Russian

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Speaker 1: strike on a Ukrainian prison and a medical facility overnight

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Speaker 1: killed at least twenty seven people. Yesterday's mass shooting at

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Speaker 1: three forty five Park Avenue in Midtown man and left

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Speaker 1: four people and the gunman dead. The victims include a

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Speaker 1: Blackstone executive as well as a New York City police officer.

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Speaker 1: Now two senior law enforcement officials said the suspect was

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Speaker 1: targeting the NFL's office in that same building, but he

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Speaker 1: ended up on a floor occupied by the building's owner,

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Speaker 1: roudent management by mistake here is New York City Mayor

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Speaker 1: Eric Adams.

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Speaker 5: It is time to turn the corner of a.

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Speaker 6: Society where automatic weapons are as easy to get as

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Speaker 6: a cell phone.

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Speaker 1: That was New York City Mayor Eric Adams. Meantime, questions

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Speaker 1: have been raised about overall building security. Separately, investigators from

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Speaker 1: the New York Police Department traveled to Las Vegas to

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Speaker 1: search the apartment of Shane Tamura. He is the twenty

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Speaker 1: seven year old man who fatally shot four people and

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Speaker 1: wounded another inside three P forty five Park Avenue before

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Speaker 1: killing himself, and NYPD Commissioner Jessica Tish said investigators are

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Speaker 1: planning to question a man who supplied parts for a

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Speaker 1: gun used in the shooting. We go to after the

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Speaker 1: Bell earnings news. Next, Starbucks results for the latest quarter

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Speaker 1: were weaker than expected. Comm sales were down two percent,

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Speaker 1: while earnings came in at fifty cents per share, fifteen

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Speaker 1: cents below forecast. We got reaction from Abby Roach, senior

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Speaker 1: portfolio analyst at all Spring Global Investments.

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Speaker 6: We think the number of different initiatives that that they're

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Speaker 6: working through, we're encouraged that they are really focused on

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Speaker 6: bringing back that the brand strength in that coffee house culture,

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Speaker 6: and we think it's certainly a tall order this turnaround,

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Speaker 6: and it's taking longer than I think many would have

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Speaker 6: initially expected, but we think they're doing a lot of

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Speaker 6: the right things.

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Speaker 1: All Spring's Abby Roach, speaking earlier to Bloomberg. Now, on

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Speaker 1: the bright side, Starbucks said same store sales in China

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Speaker 1: rose two percent. This is the first gain in China

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Speaker 1: since the end of twenty twenty three, and it's tied

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Speaker 1: to cutting prices for some tea based products. Starbucks CEO

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Speaker 1: Brian Nichols said the company is cutting store construction cost

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Speaker 1: and he is promising a wave of innovation in twenty

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Speaker 1: twenty six. Shares in Starbucks were up by more than

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Speaker 1: three percent in late US trading. We also heard from Visa.

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Speaker 1: The company reported profit for the latest quarter above Wall

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Speaker 1: Street estimates. More from Bloomberg's Charlie Pellett.

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Speaker 5: The world's biggest payments network reported double digit gains in

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Speaker 5: cross border purchases and process transactions. Revenue for the quarter

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Speaker 5: surpassed Wall Street expectations, climbing fourteen percent to a record

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Speaker 5: ten point two billion dollars. Visa's earnings outlook for the

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Speaker 5: full fiscal year remained unchanged, with the company saying it

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Speaker 5: still expects earnings per share to increase by a percentage

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Speaker 5: in the low teens and revenue to grow by load

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Speaker 5: double digits. In New York, Charlie Pellett Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner, and this is Bloomberg New