1
00:00:01,160 --> 00:00:03,880
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:03,880 --> 00:00:07,000
Speaker 1: Brian Curtis in Hong Kong. We're learning more now about

3
00:00:07,040 --> 00:00:10,560
Speaker 1: Donald Trump's agenda for a potential second White House term.

4
00:00:10,960 --> 00:00:13,680
Speaker 1: Bloomberg's Amy Morris has details from Washington.

5
00:00:14,000 --> 00:00:17,040
Speaker 2: Former President Trump sat down with Bloomberg BusinessWeek for a

6
00:00:17,120 --> 00:00:20,239
Speaker 2: wide ranging ninety minute interview about the state of the

7
00:00:20,320 --> 00:00:23,800
Speaker 2: US economy and business. Some takeaways he said he would

8
00:00:23,880 --> 00:00:26,880
Speaker 2: not seek to remove FED chair Powell before his term ends.

9
00:00:27,200 --> 00:00:30,000
Speaker 2: He also questions whether the US has an obligation to

10
00:00:30,000 --> 00:00:33,760
Speaker 2: defend Taiwan. He boiled his economic agenda down to low

11
00:00:33,840 --> 00:00:37,360
Speaker 2: interest rates and taxes, and Trump said he envisions J. P.

12
00:00:37,520 --> 00:00:41,879
Speaker 2: Morgan's Jamie Diamond as a possible Treasury secretary. The interview

13
00:00:41,960 --> 00:00:44,720
Speaker 2: was conducted more than two weeks before Trump was shot

14
00:00:44,760 --> 00:00:47,720
Speaker 2: in the ear by a gunman at a rally in Pennsylvania.

15
00:00:48,120 --> 00:00:50,200
Speaker 2: In Washington, Amy Morris Bloomberg Radio.

16
00:00:50,720 --> 00:00:54,200
Speaker 1: Two of Donald Trump's chief opponents for the nomination early

17
00:00:54,280 --> 00:00:57,080
Speaker 1: on have now pledged their full support at the RNC.

18
00:00:57,560 --> 00:00:59,160
Speaker 1: Bloomberg's Ed Baxter has the.

19
00:00:59,120 --> 00:01:02,440
Speaker 3: Story, Nikki Haley saying, make no mistake.

20
00:01:02,360 --> 00:01:06,959
Speaker 1: Donald Trump has my strong endorsement.

21
00:01:06,560 --> 00:01:10,400
Speaker 3: Period and that people don't have to agree on everything.

22
00:01:10,720 --> 00:01:17,200
Speaker 1: We agree on keeping America strong, we agree on keeping

23
00:01:17,360 --> 00:01:20,520
Speaker 1: America safe, and Ron.

24
00:01:20,400 --> 00:01:25,039
Speaker 2: De Santis life was more affordable when Donald Trump was president,

25
00:01:25,400 --> 00:01:27,680
Speaker 2: Our border was safer.

26
00:01:27,520 --> 00:01:32,240
Speaker 4: Under the Trump administration, and our country was respected when

27
00:01:32,319 --> 00:01:34,640
Speaker 4: Donald Trump was our commander in chief.

28
00:01:35,040 --> 00:01:36,800
Speaker 3: At Baxter Bloomberg Radio.

29
00:01:37,120 --> 00:01:40,360
Speaker 1: Senate majority leader Chuck Schumer is calling on New Jersey

30
00:01:40,400 --> 00:01:44,560
Speaker 1: Democrat Bob Menendez to resign after the senator was convicted

31
00:01:44,600 --> 00:01:48,000
Speaker 1: on corruption charges. The story from Bloomberg's Charlie Pellett.

32
00:01:48,040 --> 00:01:50,760
Speaker 3: In a statement email to reporters minutes a half of

33
00:01:50,800 --> 00:01:54,400
Speaker 3: the conviction, Schumer said, quote, in light of this guilty verdict,

34
00:01:54,720 --> 00:01:58,960
Speaker 3: Senator Menndez must now do what is right for his constituents,

35
00:01:59,200 --> 00:02:03,840
Speaker 3: the Senate, and our country and resign. Menendez was convicted

36
00:02:03,840 --> 00:02:07,960
Speaker 3: on sixteen criminal counts related to accusations, but he sold

37
00:02:07,960 --> 00:02:12,600
Speaker 3: his influence to protect businessmen and to promote Egypt's interests.

38
00:02:12,880 --> 00:02:17,079
Speaker 3: In the investigation, the FBI sees thirteen gold bars, nearly

39
00:02:17,200 --> 00:02:20,280
Speaker 3: half a million dollars in cash, and the Mercedes Benz

40
00:02:20,360 --> 00:02:24,079
Speaker 3: at his home in New York. Charlie Pellett Bloomberg.

41
00:02:23,639 --> 00:02:26,440
Speaker 1: Radio ustox rallied with S and P five hundred of

42
00:02:26,520 --> 00:02:30,600
Speaker 1: zero point six percent, small caps up three point five percent.

43
00:02:31,040 --> 00:02:33,320
Speaker 1: Much of this tied to views that the FED will

44
00:02:33,360 --> 00:02:37,280
Speaker 1: act soon on rates. FED speakers are not saying that directly,

45
00:02:37,360 --> 00:02:40,079
Speaker 1: but the market is running with it that Governor Adriana

46
00:02:40,160 --> 00:02:43,080
Speaker 1: Kugler walks the delicate line here with her comments.

47
00:02:43,560 --> 00:02:47,640
Speaker 5: If economic conditions continue to evolve in this favorable manner

48
00:02:48,120 --> 00:02:51,320
Speaker 5: with more rapid disinflation as has been evidence in the

49
00:02:51,360 --> 00:02:54,880
Speaker 5: inflation data from the past three months, and if employment

50
00:02:54,960 --> 00:02:59,400
Speaker 5: continues to soften but remains resilient, as has been seen

51
00:02:59,600 --> 00:03:03,840
Speaker 5: in the few jobs reports, I anticipate it will be

52
00:03:03,880 --> 00:03:08,280
Speaker 5: appropriate to begin easing monetary policy later this year.

53
00:03:08,880 --> 00:03:12,639
Speaker 1: FAT Governor Adriana Kougler. Bank of America shares rallied more

54
00:03:12,680 --> 00:03:15,080
Speaker 1: than five percent in the latest session to a two

55
00:03:15,200 --> 00:03:18,920
Speaker 1: year high. The bank reported trading and investment banking earnings

56
00:03:18,960 --> 00:03:23,160
Speaker 1: that top D analyst estimates. Reaction from CEO Brian moynihan.

57
00:03:23,800 --> 00:03:26,160
Speaker 6: What's driving demand? I think is actually an interesting thing.

58
00:03:26,200 --> 00:03:28,959
Speaker 6: So if you look across the loan categories, credit card

59
00:03:29,000 --> 00:03:31,519
Speaker 6: growth was decent, home aker growth is kind of bouncing

60
00:03:31,560 --> 00:03:34,680
Speaker 6: along because consumers aren't using their home acre loans, yet

61
00:03:34,720 --> 00:03:37,600
Speaker 6: they may mortgag's lending activity relatively flat. There you go.

62
00:03:37,640 --> 00:03:39,360
Speaker 6: On the commercial side, the great news is we grew

63
00:03:39,400 --> 00:03:41,560
Speaker 6: small business and business banking, which is our fifthy man

64
00:03:41,680 --> 00:03:44,520
Speaker 6: hire segment. It grew for small business with the twentieth

65
00:03:44,520 --> 00:03:47,360
Speaker 6: consecutive quarter with the number one small business letner. Despite

66
00:03:47,360 --> 00:03:49,880
Speaker 6: what you hear, that grew, which it means there's activity.

67
00:03:50,760 --> 00:03:55,200
Speaker 1: Brian moynihan also Morgan Stanley saw shares gain nine tens

68
00:03:55,200 --> 00:03:59,120
Speaker 1: seven percent as its earnings also beat estimates. Tesla is

69
00:03:59,160 --> 00:04:02,280
Speaker 1: looking to hire an nearly eight hundred new employees. The

70
00:04:02,320 --> 00:04:05,800
Speaker 1: move comes just three months after CEO Elon Musk had

71
00:04:05,920 --> 00:04:08,800
Speaker 1: ordered the largest round of layoffs in the company's history.

72
00:04:09,040 --> 00:04:10,800
Speaker 1: More from Bloomberg's Kimberly Adams.

73
00:04:11,360 --> 00:04:14,680
Speaker 4: According to a Bloomberg analysis, the roles have steadily popped

74
00:04:14,720 --> 00:04:17,680
Speaker 4: up on Tesla's career page in recent weeks, with positions

75
00:04:17,680 --> 00:04:20,839
Speaker 4: spanning artificial intelligence specialists to more run of the mill

76
00:04:20,960 --> 00:04:24,640
Speaker 4: service jobs. The pickup in postings has coincided with Tesla

77
00:04:24,720 --> 00:04:27,239
Speaker 4: shares going on a tear, adding more than two hundred

78
00:04:27,240 --> 00:04:30,200
Speaker 4: and twenty three billion in market capitalization in just the

79
00:04:30,279 --> 00:04:33,719
Speaker 4: last fourteen trading days, while eight hundred jobs are a

80
00:04:33,760 --> 00:04:36,880
Speaker 4: far cry from the thousands of positions that Tesla eliminated

81
00:04:36,960 --> 00:04:39,640
Speaker 4: this year. The new postings provided glimpse into some of

82
00:04:39,720 --> 00:04:44,200
Speaker 4: Musk's priorities for the Austin based company. Kimberly Adams Bloomberg Radio.

83
00:04:44,640 --> 00:04:48,040
Speaker 1: That's news when you wanted with Bloomberg News. Now, I'm

84
00:04:48,040 --> 00:04:49,960
Speaker 1: Brian Curtis. This is Bloomberg