1 00:00:01,040 --> 00:00:04,000 Speaker 1: News when you want it With Bloomberg News Now, I'm 2 00:00:04,000 --> 00:00:07,400 Speaker 1: Bryan Curtis in Hong Kong. US President Joe Biden has 3 00:00:07,440 --> 00:00:10,520 Speaker 1: signed a series of executive actions to curb the number 4 00:00:10,520 --> 00:00:14,240 Speaker 1: of asylum seekers at the southern border. Bloomberg's Amy Morris 5 00:00:14,240 --> 00:00:15,480 Speaker 1: reports from Washington. 6 00:00:15,800 --> 00:00:18,320 Speaker 2: Under the executive actions, at the number of migrants who 7 00:00:18,320 --> 00:00:21,280 Speaker 2: reached the southern border hit twenty five hundred over seven 8 00:00:21,360 --> 00:00:24,520 Speaker 2: consecutive days. The president has the authority to shut down 9 00:00:24,560 --> 00:00:27,440 Speaker 2: border entry, but President Biden says that does not apply 10 00:00:27,560 --> 00:00:30,360 Speaker 2: to those seeking asylum through legal ports of entry. 11 00:00:30,440 --> 00:00:33,519 Speaker 3: If individual chooses not to use our legal pathways, if 12 00:00:33,520 --> 00:00:36,680 Speaker 3: they choose to come without permission and against the law, 13 00:00:37,040 --> 00:00:39,839 Speaker 3: they'll be restricted from receiving asylum and staying in the 14 00:00:39,920 --> 00:00:40,560 Speaker 3: United States. 15 00:00:40,680 --> 00:00:40,839 Speaker 4: Well. 16 00:00:40,840 --> 00:00:42,920 Speaker 2: Because the numbers are already so high, the rule is 17 00:00:43,000 --> 00:00:45,919 Speaker 2: in effect and migrants are being turned away. Republicans call 18 00:00:45,960 --> 00:00:49,280 Speaker 2: the order too little, too late. Progressives call the moved draconian. 19 00:00:49,479 --> 00:00:51,520 Speaker 2: In Washington, Amy Morris Bloomberg Radio. 20 00:00:51,760 --> 00:00:55,360 Speaker 1: India stock futures have posted modest gains in a rebound 21 00:00:55,360 --> 00:00:59,160 Speaker 1: from yesterday. That's after Narendra Modi vowed to continue as 22 00:00:59,200 --> 00:01:03,240 Speaker 1: India's primes but James Demmert from main Street Research says 23 00:01:03,320 --> 00:01:05,679 Speaker 1: he sees trouble ahead for Indian stocks. 24 00:01:06,280 --> 00:01:08,760 Speaker 5: You know, eight hundred million Indians and six hundred and 25 00:01:08,760 --> 00:01:13,360 Speaker 5: forty million going to the polls was a big surprise, 26 00:01:14,319 --> 00:01:18,920 Speaker 5: a big move towards the Gandhi administration and the big 27 00:01:19,040 --> 00:01:21,240 Speaker 5: changes that they've see. And this is not a positive 28 00:01:21,240 --> 00:01:25,399 Speaker 5: for equities, no question. And that's why you're seeing the 29 00:01:25,400 --> 00:01:27,480 Speaker 5: big sell off, the significant sell off. 30 00:01:27,360 --> 00:01:31,520 Speaker 1: Main Street's James Demmert. US Treasury Secretary Jenet Yellen is 31 00:01:31,560 --> 00:01:34,880 Speaker 1: concerned about an increase of exports from China to Russia. 32 00:01:35,040 --> 00:01:36,560 Speaker 1: Yellen testified in front of. 33 00:01:36,520 --> 00:01:42,560 Speaker 6: Congress there are substantial exports. We've seen an increase in 34 00:01:42,720 --> 00:01:49,480 Speaker 6: exports from China to Russia, and particularly of certain dual 35 00:01:49,640 --> 00:01:55,559 Speaker 6: use goods that may be critical to Russia's war effort. 36 00:01:55,840 --> 00:01:59,280 Speaker 1: Jenet Yellen shares of Boeing rows two percent in the 37 00:01:59,360 --> 00:02:02,560 Speaker 1: latest session. The US planemaker said it would deliver some 38 00:02:02,680 --> 00:02:06,080 Speaker 1: new planes to China's nine air as soon as Friday. 39 00:02:06,440 --> 00:02:09,960 Speaker 1: Owning CEO Dave Calhoun is warning, though, that any US 40 00:02:10,000 --> 00:02:12,120 Speaker 1: protectionism could harm free trade. 41 00:02:12,280 --> 00:02:15,959 Speaker 7: I worry about isolation with respect to the economic ramifications 42 00:02:15,960 --> 00:02:19,160 Speaker 7: for lots of countries and lots of people, and isolation 43 00:02:19,280 --> 00:02:24,560 Speaker 7: then breeds disenchantment, and disenchantment ultimately breeds political turnover. So 44 00:02:25,280 --> 00:02:26,760 Speaker 7: that's the world I worry. 45 00:02:26,480 --> 00:02:31,200 Speaker 1: About, Calhoun, speaking at the Berlin Aviation Summit. Intel is 46 00:02:31,240 --> 00:02:33,840 Speaker 1: selling a stake in its fab plant in Ireland to 47 00:02:34,000 --> 00:02:38,200 Speaker 1: Apollo Global Management. It's for eleven billion dollars and it 48 00:02:38,240 --> 00:02:41,200 Speaker 1: creates a joint venture with Apollo owning a forty nine 49 00:02:41,240 --> 00:02:46,240 Speaker 1: percent equity interest. Hewlett Packard Enterprises reported revenue that beat 50 00:02:46,280 --> 00:02:49,560 Speaker 1: analyst estimates. Details from Bloomberg's Charlie Pellett. 51 00:02:49,800 --> 00:02:52,880 Speaker 4: HPE saw a big jump in sales of servers built 52 00:02:52,880 --> 00:02:57,600 Speaker 4: to handle artificial intelligence work. The company's server business generated 53 00:02:57,680 --> 00:03:01,320 Speaker 4: sales of three point eight seven billion dollars. Analysts on 54 00:03:01,360 --> 00:03:04,840 Speaker 4: average estimated three point four to five billion. Sales of 55 00:03:05,040 --> 00:03:08,840 Speaker 4: AI oriented systems doubled to more than nine hundred million 56 00:03:08,880 --> 00:03:12,200 Speaker 4: dollars compared with the first quarter. CEO Antonio Neris said 57 00:03:12,200 --> 00:03:15,919 Speaker 4: increased demand and better availability of high powered semiconductors from 58 00:03:16,240 --> 00:03:19,840 Speaker 4: Nvidia led to the jump in AI system sales. In 59 00:03:19,919 --> 00:03:23,160 Speaker 4: New York. Charlie how at Bloomberg Radio. 60 00:03:22,720 --> 00:03:25,960 Speaker 1: President Biden Is sounding off on relations with Israel and 61 00:03:26,120 --> 00:03:28,960 Speaker 1: China as he makes the case for a second term. 62 00:03:29,120 --> 00:03:31,960 Speaker 1: Bloomberg's Nathan Hager has details from Washington. 63 00:03:32,040 --> 00:03:34,960 Speaker 8: He's doing it in a rare interview with a print publication. 64 00:03:35,160 --> 00:03:38,760 Speaker 8: In a wide ranging conversation with Time magazine, President Biden 65 00:03:38,800 --> 00:03:41,720 Speaker 8: says there's reason for people to think Israeli Prime Minister 66 00:03:41,760 --> 00:03:45,240 Speaker 8: Benjamin Netanyahu is prolonging the war in Gaza for his 67 00:03:45,280 --> 00:03:49,320 Speaker 8: own political benefit. Biden cited the domestic blowback netan Yahoo 68 00:03:49,360 --> 00:03:53,080 Speaker 8: received over his judicial overhaul law last year. Biden also 69 00:03:53,120 --> 00:03:55,680 Speaker 8: says he thinks China has an interest in meddling in 70 00:03:55,720 --> 00:03:58,160 Speaker 8: the US election, and he would not rule out sending 71 00:03:58,280 --> 00:04:00,920 Speaker 8: US forces to defend tay Wan in the event of 72 00:04:00,960 --> 00:04:03,920 Speaker 8: a Chinese attack in Washington. I'm Nathan Hagar. 73 00:04:04,000 --> 00:04:08,720 Speaker 1: Bloomberg Radio Stateside its primary night. In New Jersey, the 74 00:04:08,760 --> 00:04:12,800 Speaker 1: AP is projecting Representative Andy kim As won the Democratic 75 00:04:12,840 --> 00:04:16,000 Speaker 1: primary for the Senate seat currently held by Bob Menendez. 76 00:04:16,560 --> 00:04:19,680 Speaker 1: Menendez chose not to run in the primary after being 77 00:04:19,720 --> 00:04:24,159 Speaker 1: indicted by prosecutors on corruption charges. He will, however, run 78 00:04:24,279 --> 00:04:27,640 Speaker 1: as an independent. That's news when you want it With 79 00:04:27,720 --> 00:04:31,359 Speaker 1: Bloomberg News Now, I'm Brian Curtis. This is Bloomberg,