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Speaker 1: News when you want it with Bloomberg News Now. I'm

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Speaker 1: Doug Chrisner. Iran's attack on Israel has sparked a race

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Speaker 1: to avert a full blown war. We have more from

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Speaker 1: Bloomberg's Dan Schwartzman.

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Speaker 2: G Seven leaders have issued a joint declaration firmly condemning

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Speaker 2: the launch of missiles and drones from Iran, while reiterating

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Speaker 2: full support for Israel's security. As the world waits to

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Speaker 2: hear what Israel plans to do next, Benny Gance, some

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Speaker 2: member of Israel's war cabinet has pledged to exact a

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Speaker 2: price from Iran quote in a way and at the

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Speaker 2: time that suits Israel. Meanwhile, Secretary of State Anthony blinkn

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Speaker 2: holding a call with the German and British foreign ministers,

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Speaker 2: where Blenkln reiterated the US's quote unequivocal ironclaud commitment to

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Speaker 2: the security of Israel. At an emergency meeting of the

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Speaker 2: United Nations Security Council, Iranian Ambassador to the UN said

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Speaker 2: Iravani said that the concluded attack was quote necessary and proportional.

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Speaker 2: Dan Schwarzman, Bloomberg Radio.

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Speaker 1: Senior US officials say that China is providing Russia with

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Speaker 1: a significant amount of material to build cruise missiles and drones.

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Speaker 1: They say China has also provided tanks and armored vehicles,

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Speaker 1: allowing Moscow to ramp up defense production in its war

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Speaker 1: against Ukraine. Now the White House is urging Chinese firms

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Speaker 1: to cease their support, and the White House is encouraging

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Speaker 1: European allies to put pressure on Beijing. We are told,

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Speaker 1: while there is no evidence China is providing lethal assistance,

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Speaker 1: the US Intelligence assessment says the aid is just as significant.

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Speaker 1: Donald Trump's first criminal trial is set to begin jury

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Speaker 1: selection on Monday. The trial will focus on the allegations

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Speaker 1: of falsification of business records as a way of covering

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Speaker 1: up a sex scandal during twenty sixteen's presidential race. It's

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Speaker 1: one of four criminal cases against the former president, but

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Speaker 1: it's the only one to go to trial before election

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Speaker 1: day in November. This trial marks an extraordinary moment even

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Speaker 1: for Trump. It raises the prospects that he could become

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Speaker 1: a convicted felon before a single vote is cast. Trump

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Speaker 1: has pled not guilty to the charges. If convicted, he

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Speaker 1: can face up to four years behind bars. And American

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Speaker 1: Scotti shuffler has won the green jacket. At the Masters,

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Speaker 1: he finished at eleven under, becoming the fourth youngest golfer

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Speaker 1: to win the Masters twice. He also won in twenty

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Speaker 1: twenty two, Tiger Woods finished in sixteenth place at sixteen

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Speaker 1: over for his worst seventy two hole score in a

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Speaker 1: professional event. Let's get to the business news flow now,

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Speaker 1: and we'll begin with Treasury Secretary Yellen, who today was

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Speaker 1: saying the US is considering all options on how to

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Speaker 1: respond to China's issue of manufacturing over capacity. She spoke

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Speaker 1: earlier today on CNN.

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Speaker 3: I wouldn't take anything off the table as a potential response.

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Speaker 3: I've been very clear in my discussions with them that

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Speaker 3: this is a concern not only to US, but also

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Speaker 3: to other countries, to Europe, to Japan, and even to

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Speaker 3: emerging markets in the Mexico.

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Speaker 1: Brazil Janet Yellen there speaking on CNN earlier, she said

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Speaker 1: potential tariffs would address what she described as a flood

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Speaker 1: of cheap goods into the American market. Now. Last week,

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Speaker 1: Yellen was in China, and during her trip she rebuked

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Speaker 1: Beijing for its unfair economic practices, including alleged mistreatment of

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Speaker 1: US and other foreign companies. Operating in China. And before

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Speaker 1: we leave the trade issue, let's get to German Chancellor

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Speaker 1: Olaf Schulz. He is in China this week meeting with

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Speaker 1: top leaders. That story from Bloomberg's Joan Wong in Hong Kong.

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Speaker 4: Schultz arrived in the southwest city of chong Qing Sunday.

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Speaker 4: We hear the German Chancellor will tell Chinese President Chi

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Speaker 4: Jinping he needs to act soon to avoid European Union tariffs.

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Speaker 4: These are tariffs meant to rebalance Europe's trade relationship with China.

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Speaker 4: The EO is increasingly wary of China's use of massive

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Speaker 4: public support and critical sectors like auto manufacturing. Schultz is

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Speaker 4: expected to tell Chinese leaders he favors free and fair trade,

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Speaker 4: but it is in China's own interest to averid possible

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Speaker 4: trade war by reducing overcapacity to enable fair competition. In

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Speaker 4: Hong Kong, Joanne Wong Bloomberg.

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Speaker 1: Radio those shareholders at US Steel Friday here in the States,

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Speaker 1: they voted in favor of that fourteen point one billion

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Speaker 1: dollar takeover by Japan's kniepon Steel. We have more from

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Speaker 1: Bloomberg's Charlie Pellett.

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Speaker 5: It leaves the fate of the deal for the iconic

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Speaker 5: American steelmaker to the realm of regulators and politics. Investors

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Speaker 5: of US Steel endorse the Japanese steelmaker's fifty five dollars

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Speaker 5: a share offer at a special shareholder's vote, with more

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Speaker 5: than ninety eight percent approval. The vote was widely expected

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Speaker 5: to pass. Attention now shifts to a pending regulatory review

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Speaker 5: for an offer that has become mired in a political

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Speaker 5: firestorm in a US presidential election year. In New York,

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Speaker 5: Charlie Pellett

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Speaker 1: And that is news when you want it with Bloomberg

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