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

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Speaker 1: in Kaleggi. S and P Global Ratings has downgraded France,

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Speaker 1: tarnishing President d Monuel mont Crohn's record for debt management

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Speaker 1: as his government struggles to get a grip on public

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Speaker 1: finances in the wake of the COVID pandemic and energy crisis.

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Speaker 1: In a statement on Friday, the credit assessor said that

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Speaker 1: although reforms that are recovery in economic growth will allow

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Speaker 1: the country to reduce its budget deficit, the gap will

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Speaker 1: remain above three percent of gross domestic product in twenty

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Speaker 1: twenty seven. Contrary to its previous expectations, S and P

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Speaker 1: now expects France's general government debt as a share of

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Speaker 1: GDP will increase to about one hundred and twelve percent

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Speaker 1: of GDP by twenty twenty seven from about one hundred

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Speaker 1: and nine percent in twenty twenty three. President Joe Biden

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Speaker 1: has sketched out a three part roadmap for the proposed

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Speaker 1: agreement to in the Israel Hamas War. Bloomberg's Nick Wadhams

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Speaker 1: wonders if the deal is.

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Speaker 2: How genuine is this proposal? I mean, it was only

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Speaker 2: a couple days ago that Israel said we're going to

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Speaker 2: need at least another seven months to keep going after Hamas.

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Speaker 2: So what Prime Minister Benjamin ya who has made clear

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Speaker 2: is they do not want a situation where Hamas remains

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Speaker 2: in operation. So how can you do a ceasefire with

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Speaker 2: an entity that you say you are determined not to

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Speaker 2: let exist? And Israel so far has just not answered

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Speaker 2: that question.

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Speaker 1: Bloomberg's Nick Wadams. A first phase would last for six

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Speaker 1: weeks and see Israel withdraw from all populated areas of Gaza.

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Speaker 1: Hamas would release some hostages and remains, while Israel would

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Speaker 1: return some Palestinian prisoners. A second phase would see the

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Speaker 1: exchange of all remaining living hostages and the removal of

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Speaker 1: Israeli troops from Gaza, followed by a third phase that

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Speaker 1: would see a major reconstruction plan commence. Michael Dell's wealth

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Speaker 1: tumbled the most in a single day Friday after the

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Speaker 1: computer company he founded posted results that disappoint pointed investors.

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Speaker 1: We get the story from Bloomberg's Charlie Pellett.

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Speaker 3: Dell's net worth dropped eleven point seven billion dollars to

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Speaker 3: one hundred and seven point one billion as shares of

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Speaker 3: Dell Technologies fell eighteen percent, the most on record. While

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Speaker 3: the company reported its first quarterly revenue increase in two years,

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Speaker 3: it was not enough to impress investors with high expectations

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Speaker 3: for its AI server business. Almost half of Dell's fortune

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Speaker 3: comes from the Texas based computer maker, which he started

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Speaker 3: forty years ago while a student at the University of Texas.

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Speaker 3: The fifty nine year old Dell ranks thirteenth on the

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Speaker 3: Bloomberg Billionaires Index in New York Charlie Pellett Bloomberg Radio.

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Speaker 1: Donald Trump delivered his first extended comments Friday since becoming

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Speaker 1: the first former president ever convicted of pilonies, and he

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Speaker 1: did not hold back. As we hear from Bloomberg's David

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Speaker 1: Goura outside Trump Tower in New York.

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Speaker 4: There were some wine discursive moments during which he talked

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Speaker 4: about a friend of his and we didn't identify he

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Speaker 4: had a run in with this judge. One Marshan said

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Speaker 4: that the judge again had have Beendebta, So there was

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Speaker 4: the same kind of invective and criticism of the judge.

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Speaker 4: I thought something else that was fascinating in light of

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Speaker 4: that was Donald Trump saying he is still under this

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Speaker 4: gag order. That was something I think that was a

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Speaker 4: bit uncertain. After the verdict was rendered yesterday, he's still

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Speaker 4: under that gag order and really did the same kind

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Speaker 4: of tap dancing and tiptoeing around that he was not

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Speaker 4: shy about criticizing Jan Mrshan again, the judge who is

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Speaker 4: going to sentence Donald Trump. On the eleventh of.

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Speaker 1: July, Bloomberg's David Gora reporting outside Trump Tower in Midtown Manhattan.

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Speaker 1: The Friday numbers on Wall Street. The down was up

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Speaker 1: five seventy five, the nastac fell too, and the S

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Speaker 1: and P was up forty two. And that's news when

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Speaker 1: you want it with Bloomberg News. Now I made Kleggy

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Speaker 1: and this is Bloomberg