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Speaker 1: News, Whinney want it with Bloomberg News Now. I'm Denise Pelleguini.

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Speaker 1: Some tough words from President Trump about billionaire Elon Musk.

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Speaker 1: Trump telling NBC he assumes the relationship with Musk is over.

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Speaker 1: NBC also says Trump says Musk will face consequences if

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Speaker 1: he funds Democrats, I mean time. Vice President j d

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Speaker 1: Vance saying in a podcast he thinks that Elon Musk

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Speaker 1: aired by going after Trump.

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Speaker 2: I really, man, I think it's a huge mistake for

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Speaker 2: him to go after the President like that. And I

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Speaker 2: think that if he and the President are in some

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Speaker 2: blood feud, most importantly, it's going to be bad for

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Speaker 2: the country. But I think it's going to be I

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Speaker 2: don't think it's going to be good for Elon.

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Speaker 1: Vent's also saying he hopes Musk will come back into

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Speaker 1: the fold. He says if Musk chilled out a bit,

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Speaker 1: everything would be fine. Vents on the theovonn podcast. After

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Speaker 1: that major spat this past week between the billionaire Tesla

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Speaker 1: and SpaceX CEO and President Trump over the President's bill,

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Speaker 1: his tax and spending bill making its way through ungers.

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Speaker 1: They also disagreed about other things, some potential developments in

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Speaker 1: US China trade. Beijing says it granted approval to some

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Speaker 1: applications for the export of rare earths at Mukadi's tensions

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Speaker 1: before trade negotiations between the US and China this coming week.

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Speaker 1: Confirmation comes days after President Trump spoke with China's leader

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Speaker 1: by phone. Delegations from Beijing and Washington are scheduled to

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Speaker 1: meet in the UK to conduct trade negotiations day after tomorrow.

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Speaker 1: The Supreme Court is granted the Trump administration's request to

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Speaker 1: access sensitive social security information that lifts restrictions that protected

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Speaker 1: the privacy of millions of Americans while the case proceeds

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Speaker 1: on appeal. Kilmar Abrego Garcia has been brought back to

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Speaker 1: the US to face federal charges of illegally transporting undocumented

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Speaker 1: immigrants within the country. The Mariland man was mistakenly deported

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Speaker 1: to l Salvador in a case getting national attention. Attorney

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Speaker 1: General Pam Bondi says he is a member of the

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Speaker 1: criminal gang MS thirteen.

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Speaker 3: Thanks to the bright light that has been shined on

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Speaker 3: Abrego Garcia, this investigation continued with actually amazing police work

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Speaker 3: and we were able to track this case and stop

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Speaker 3: this international smuggling ring from continuing.

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Speaker 1: Attorney General Pam Bondi Abrego, Garcia's lawyer calls the charges

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Speaker 1: against his client. Week a, federal judges approved terms of

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Speaker 1: a sprawling two point eight billion dollar antitrust settlement that

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Speaker 1: will upend the way college sports have been run for

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Speaker 1: more than a century. Schools can now directly pay players

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Speaker 1: through licensing deals. It's concept that goes against the foundation

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Speaker 1: of amateurism that college sports was built on. Major gains

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Speaker 1: for US docks yesterday after a stronger than expected jobs report,

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Speaker 1: but the FED wraps up its next FOMC meeting June eighteenth,

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Speaker 1: then that'll be very closely watched. According to Claudia Sam,

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Speaker 1: chief economist at New Century Advice.

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Speaker 4: It takes a little bit of pressure off them. What

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Speaker 4: they're waiting to see and what's going to be important

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Speaker 4: for their decision is to see how the tariff induced

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Speaker 4: inflation play out. They really need some kind of confirmation

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Speaker 4: that that inflation will be temporary.

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Speaker 1: So I'm there on the Bloomberg Surveillance podcast. You could

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Speaker 1: download wherever you gets your podcast, whether it's temporary or not.

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Speaker 1: That's what the president of the Saint Louis FED is

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Speaker 1: worried about Alberto Muslim telling The Financial Times he sees

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Speaker 1: a fifty to fifty chance President Trump's tariffs will lead

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Speaker 1: to a sustained period of inflation in the US, and

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Speaker 1: Mussolim tells the Ft the tariffs could raise inflation in

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Speaker 1: the US for a quarter or two, but he also

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Speaker 1: says there is an equally likely scenario where the impact

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Speaker 1: of tariffs on prices could last longer, and he warned

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Speaker 1: the FED rate setters could face uncertainty through the summer.

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Speaker 1: And in the French Open, Coco Goff has won for

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Speaker 1: the first time by defeating top ranked Arena Sebelenka Z

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Speaker 1: seven six' two six', four today the second rank golf

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Speaker 1: came out on top of a contest that was full

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Speaker 1: of tension and momentum swings to claim her second major

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Speaker 1: trophy after the twenty TWENTY Three, us open where she

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Speaker 1: also CAME from us set down To beat sabolanka in.

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Speaker 1: The final it was the first number one versus number

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Speaker 1: two final comparisons, twenty Thirteen When serena Williams Defeated, maria

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Speaker 1: sharapova just the second such match in. Thirty years and

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Speaker 1: that's news when you want It With Bloomberg News Now I'm.

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Speaker 1: Denise peliguini This as bloomberg