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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisner.

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Speaker 1: US stock index futures are lower right now. This is

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Speaker 1: after President Trump declared a thirty percent terraf for both

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Speaker 1: Mexico and the European Union. Now these levees are set

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Speaker 1: to take effect August first if trade dealers are not negotiated.

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Speaker 1: Trump stated that teriff rates may be adjusted if countries

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Speaker 1: open their markets to the US and eliminate trade barriers.

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Speaker 1: Here is President Trump speaking earlier to reporters.

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Speaker 2: So the European Union is talking to us. They want

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Speaker 2: to open up their country. I would say Japan to

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Speaker 2: a much lesser extent in terms of opening up their countries.

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Speaker 2: South Korea wants to make a deal other than tariffs.

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Speaker 2: Right now, as you know, they're paying a substantial tariff,

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Speaker 2: but they want to make a difference. So some of

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Speaker 2: these deals, maybe I'll change them, and maybe I won't.

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Speaker 1: That was President Trump speaking there.

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Speaker 3: Earlier in the day.

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Speaker 1: The head of the European Commission, Ursula vonder Lyons, said

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Speaker 1: the EU will extend the suspension of trade countermeasures against

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Speaker 1: the US until August first to allow time for further talks.

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Speaker 1: And Mexican President Claudia Scheinbaum said her team had already

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Speaker 1: begun discussions with the US on Friday, and she was

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Speaker 1: confident Mexico would get a deal. We go to the

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Speaker 1: Federal Reserve next. President Trump and his allies have criticized

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Speaker 1: Chair J. Powell's handling of renovations of the fed's headquarters,

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Speaker 1: and now some of the administration appear to be building

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Speaker 1: a case to remove Powell from the fed's Board of governors.

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Speaker 1: Here is former FED Governor Kevin Walsh speaking to Fox

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Speaker 1: News Sunday Morning Futures.

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Speaker 4: I think what we need is regime change at the FED.

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Speaker 4: And that's not just about the chairman. It's about a

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Speaker 4: whole range of people. It's about changing their mindset and

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Speaker 4: their models, and frankly, it's about breaking some heads because

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Speaker 4: the way they've been doing business is not working.

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Speaker 1: That is former FED Governor Kevin Walsh speaking earlier on

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Speaker 1: Fox News Sunday Morning Futures. Now, Walsh has called for

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Speaker 1: RAID cuts, and he's been widely mentioned as a possible

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Speaker 1: FED share himself when Powell's term expires in twenty twenty six.

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Speaker 1: We go to Kentucky next. A pair of shootings in

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Speaker 1: Lexington has left two women dead and three men wounded.

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Speaker 1: Authority say it began when a state trooper pulled over

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Speaker 1: a vehicle near the Bluegrass Airport in Lexington after receiving

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Speaker 1: an unspecified alert on a licensed plate reader. The suspect

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Speaker 1: in that vehicle shot and wounded. The trooper then carjacked

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Speaker 1: another vehicle and fled to a church, where the suspect

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Speaker 1: then began shooting at people there. It was there, State

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Speaker 1: police say two women were killed and two men wounded. Now,

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Speaker 1: this incident ended when the suspect was then killed by

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Speaker 1: Lexington police. At last report, the trooper and the two

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Speaker 1: wounded men are being treated at a nearby hospital. Here

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Speaker 1: is Lexington Police Chief Lawrence Weathers.

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Speaker 5: I know when people hear about stuff like this, they

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Speaker 5: won't maybe need some kind of understanding, and I think

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Speaker 5: the city is going to stand ready with one Lexington

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Speaker 5: to help provide assistance to those who are struggling with it.

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Speaker 5: Sometimes things happen, we just don't have a reason why,

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Speaker 5: but we're going to be here for the people of Lexington.

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Speaker 5: All of these people up here didn't hesitate to come out,

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Speaker 5: didn't hesitate to.

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Speaker 1: Call Lexington Police Chief of Lawrence Weathers, speaking there now.

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Speaker 1: Kentucky Governor Andy Basher said other details were still emerging.

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Speaker 1: The US will send more Patriot air defense batteries to

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Speaker 1: Ukraine tonight. President Trump said Kiev needs the weapons to

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Speaker 1: protect itself from Russian air strikes. Trump also expressed growing

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Speaker 1: frustration with Russian President Vladimir Putin. Here is Trump speaking

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Speaker 1: to reporters.

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Speaker 2: I haven't agreed on the number yet, but they're going

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Speaker 2: to have some because they do need protection. But the

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Speaker 2: European Union is paying for it. We're not paying anything

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Speaker 2: for it, but we will send it. It'll be business

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Speaker 2: for us, and we will send them patriots, which they

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Speaker 2: desperately need. Because Putin really surprised a lot of people.

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Speaker 2: He talks nice and then he bombs everybody in the evening.

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Speaker 1: That was President Trump's baking there. Meantime, Axios is reporting

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Speaker 1: the President will announce a new plan tomorrow to arm

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Speaker 1: Ukraine with offensive weapons. Meantime, the Secretary General of NATO, Marcreta,

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Speaker 1: will meet with President Trump in Washington on Monday. Elon

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Speaker 1: Musk is planning to poll Tesla's shareholders on whether to

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Speaker 1: invest in musk startup Xai. In a post tonight on

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Speaker 1: x Musk stated that any decision to back Xai isn't

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Speaker 1: ultimately his to make, and that Tesla's board and backers

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Speaker 1: would need to greenlight such a decision. Musk also said

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Speaker 1: we will have a shareholder vote on the matter. Bank

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Speaker 1: earnings will be front and center this week. A preview

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Speaker 1: now from Bloomberg's Charlie Pellett.

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Speaker 3: Data compiled by Bloomberg show the sixth biggest US banks

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Speaker 3: will show trading revenue increases for all of them. Erica

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Speaker 3: Najarian is an analyst at UBS.

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Speaker 4: What masill have legs in terms of continuation of the

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Speaker 4: rally is the fact that deregulation is just so much

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Speaker 4: more powerful, so much faster under Trump two point zero

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Speaker 4: than under Trump one point zero.

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Speaker 3: Tuesday, it's JP, Morgan, Chase, City Group and Wells Fargo. Wednesday,

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Speaker 3: it's Bank of America, Goldman, Sachs and Morgan Stanley in

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Speaker 3: New York, Charlie Pellett, Bloomberg.

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Speaker 1: Radio and in sports, Janick Center defeated Carlos Alcarez in

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Speaker 1: four sets to win his first Wimbledon championship. And that

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Speaker 1: is news when you want it. With Bloomberg News Now,

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