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Speaker 1: News when you want it With Bloomberg News Now, I'm

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Speaker 1: Brian Curtis. In Hong Kong. President Biden's son Hunter Biden,

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Speaker 1: faces nine counts of federal tax charges in Los Angeles.

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Speaker 1: More from Bloomberg's David Vorriacos.

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Speaker 2: It expands on an earlier agreement in which he would

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Speaker 2: have pleaded guilty in federal court in Delaware and in

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Speaker 2: July and avoided prison. Under this indictment, he could theoretically

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Speaker 2: be sentenced to as much as seventeen years in prison.

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Speaker 2: And essentially, what the government alleges is that, I will

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Speaker 2: quote the dependents spent this money on drugs, escorts and girlfriends,

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Speaker 2: luxury hotels and rental properties, exotic cars, clothing, and other

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Speaker 2: items of a personal nature. In short, everything by his taxes.

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Speaker 1: Bloomberg's David Vorriacos. The indictment comes just ahead of a

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Speaker 1: vote next week to formalize an impeachment inquiry into the president.

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Speaker 1: This revolves on Hunter Biden's overseas business dealings. Biden could

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Speaker 1: go on trial in the heat of next year's presidential race.

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Speaker 1: Israel's Prime Minister Benjamin Netanyahu has turned up a war

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Speaker 1: of words with Hesbelah Netta, Yahoo threatened to devastate Beirut

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Speaker 1: and southern Lebanon if Hesblah opens up a second front

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Speaker 1: in Israel's war with Hamas more now from Bloomberg's national

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Speaker 1: security correspondent Nick Watams.

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Speaker 3: There is a strategy here, and that is essentially deterrence.

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Speaker 3: The last thing Israel wants right now is for the

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Speaker 3: shelling and back and forth that has happened on the

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Speaker 3: border of Lebanon to turn into a wire conflict that

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Speaker 3: would divert more of its resources away from its campaign

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Speaker 3: in Gaza.

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Speaker 1: Bloomberg's Nick Watams in Washington. HESBLA has expressed solidarity with

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Speaker 1: hamas both groups are backed by Iran. The Dissentis presidential

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Speaker 1: campaign got more disappointing news this week with the cancelation

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Speaker 1: of a fundraising event. Bloomberg ed Baxter with the story.

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Speaker 4: About three thousand donors were invited to a never Back

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Speaker 4: Down super Pac lunch and to be held before this

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Speaker 4: week's debate. A ten thousand dollars contribution would have given

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Speaker 4: donors access to the lunch where Casey Dessentis was scheduled

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Speaker 4: to speak, as well as a ticket to the debate

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Speaker 4: itself and an invite to a post debate celebration with

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Speaker 4: a governor, well, just a couple of days prior to

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Speaker 4: the date. Never back Down decided to cancel. Scott Wagner,

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Speaker 4: who leads the pack, cited lack of interest. In November,

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Speaker 4: a similar event raised one million dollars ed Baxter Bloomberg Radio.

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Speaker 1: Chinese President Shi Jinping has told EU leaders he wants

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Speaker 1: to build trust between the two sides. She met with

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Speaker 1: European Commissioned President Ursula Wonderland and European Council President Charles

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Speaker 1: Michel Thunderland said she had a good and candid exchange

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Speaker 1: with President.

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Speaker 5: She China is the EU's most important trading partner, but

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Speaker 5: there are clear balances and differences that we must address.

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Speaker 5: We both recognize the importance of de risking and strengthening

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Speaker 5: the resilience of our economies, and that is why the

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Speaker 5: European Union is working to ensure the security of its

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Speaker 5: supplied chains, critical infrastructure, and technological and industrial basis.

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Speaker 1: Ursula Vonderland, she said China was willing to connect the

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Speaker 1: Belton Road initiative of China with the eused Global Gateway.

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Speaker 1: That's an infrastructure plan aimed at competing with China in

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Speaker 1: certain regions well. The US jobs report for November looms

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Speaker 1: bloombergs Michael McKee has a preview.

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Speaker 6: We should be seeing signs of a slowing economy in

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Speaker 6: the labor market, but economists say not just yet. The

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Speaker 6: consensus forecast is November saw the pace of hiring pick up,

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Speaker 6: while unemployment was unchanged. About thirty thousand jobs won't be new,

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Speaker 6: They will just reflect the return of autoworkers to pay

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Speaker 6: rolls after the UAW strike, but hiring in healthcare, leisure,

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Speaker 6: in hospitality, and government should keep healthy numbers. Beyond manufacturing,

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Speaker 6: markets are pricing a lower than anticipated number, however, so

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Speaker 6: strength could lead to higher rates as investors worry the

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Speaker 6: FED may not yet be done with rate hikes. Michael

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Speaker 6: McKee Bloomberg.

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Speaker 1: Radio Broadcom says the rapid expansion of AI computing will

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Speaker 1: help offset any slow down. It said sales from networking

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Speaker 1: semiconductors that support AI systems now accounts for fifteen percent

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Speaker 1: of total chip sales. CEO hawked Han said spending on

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Speaker 1: computer network supporting AI is expected to double. More from

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Speaker 1: Bloomberg's Ian King, AI.

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Speaker 7: Was definitely a focus on the call, and there was

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Speaker 7: definitely some excitement. What they said was, look, you know

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Speaker 7: our networking gear. These are the switch chips which control

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Speaker 7: the flow of data between computers and the data center.

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Speaker 7: Better and great. You know all of those powerful projections

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Speaker 7: such as the one that we saw yesterday from IAMD.

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Speaker 7: That true, we're seeing the same thing.

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Speaker 1: Bloomberg's Ian King. And that's news when you want it.

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Speaker 1: With Bloomberg News now. I'm Brian Curtis. This is Bloomberg