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

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Speaker 1: Doug Krisner, and we begin in the UK, where British

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Speaker 1: police have responded to an incident in which a mini

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Speaker 1: van plowed into a crowd in Liverpool. The crowd was

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Speaker 1: gathered to celebrate Liverpool's Premier League soccer title. Merseyside Police

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Speaker 1: say a fifty three year old man believed to be

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Speaker 1: the driver, has been arrested. Assistant Chief Constable Jenny Sims

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Speaker 1: says they're not looking for anyone else.

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Speaker 2: I know that people will understandably be concerned by what

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Speaker 2: has happened tonight. What I can tell you is that

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Speaker 2: we believe this to be an isolated incident. The incident

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Speaker 2: is not being treated as terrorism.

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Speaker 1: That is Merseyside Police Assistant Chief Constable Jenny Sims speaking there.

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Speaker 1: We also heard from Keir Starmer, the British Prime Minister.

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Speaker 1: He responded to the situation by calling the scenes appalling

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Speaker 1: and he said he is being kept updated on developments.

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Speaker 1: We go to monetary policy next. The head of the

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Speaker 1: Minneapolis Fed, Neil Kashkari, says major shifts in US trade

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Speaker 1: and immigration policy are creating uncertainty for FED officials to

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Speaker 1: move on interest rates before September. Here is Kashkari speaking

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Speaker 1: earlier to Bloomberg.

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Speaker 3: Is there going to be clear enough by September.

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Speaker 4: I'm just not sure right now. Ultimately, we'll have to

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Speaker 4: see what the data says, but we'll also have to

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Speaker 4: see how the negotiations are going.

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Speaker 1: That is the head of the Minneapolis Fed, Neil Kashkari,

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Speaker 1: speaking earlier to Bloomberg. He went on to say that

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Speaker 1: he hopes trade negotiations will happen quickly to provide clarity,

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Speaker 1: since he views trade as the biggest risk to the

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Speaker 1: American economy. Given the overhang of those new policies, professional

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Speaker 1: sports team owners could see fewer tax breaks thanks to

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Speaker 1: President Trump's Big Beautiful Bill more from Bloomberg's Monica Ricks.

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Speaker 5: The proposals tucked into a massive budget and spending bill

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Speaker 5: narrowly passed by House Republicans last week, and it could

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Speaker 5: change the tax code, potentially cutting a hefty tax write

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Speaker 5: off worth hundreds of millions of dollars to pro sports

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Speaker 5: team owners in half. That's according to The New York Times,

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Speaker 5: which reports owners have been able to write off the

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Speaker 5: entire value of their team's intangible assets, including player contracts,

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Speaker 5: media rights and sponsorships for years. It's why some owners

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Speaker 5: are now said to be scrambling to keep that budget

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Speaker 5: bill from passing in the Senate Monica Rix Bloomberg Radio.

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Speaker 1: On Sunday, President Trump criticized Russian President Vladimir Putin. He

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Speaker 1: said Putin had gone absolutely crazy after the Kremlin launched

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Speaker 1: its biggest drone and missile attack against Ukraine since the

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Speaker 1: beginning of the war. Well, now Russia has pushed back

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Speaker 1: on Trump's claims. Here is Kremlin spokesperson Dmitry Peskov speaking

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Speaker 1: through a translator.

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Speaker 3: We are truly grateful to the Americans and personally to

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Speaker 3: President Trump for their assistance in organizing and launching this

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Speaker 3: negotiation process. This is a very important moment which is associated,

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Speaker 3: of course with the emotional overload of absolutely everyone.

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Speaker 1: That is Kremlin's spokesperson Dmitry Peskov, speaking through a translator. Meantime,

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Speaker 1: Ukraine's Western allies are trying to intensify pressure on Moscow.

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Speaker 1: German Chancellor Frederick Murrz says Ukraine has been given permission

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Speaker 1: to use weapons supplied by its allies to launch strikes

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Speaker 1: deep inside Russia. Now, Russia has condemned this decision, calling

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Speaker 1: it dangerous and saying it could undermine efforts toward reaching

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Speaker 1: a political settlement. Wall Straight returns to a holiday shortened week,

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Speaker 1: with American trade policy expected to be a dominant theme

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Speaker 1: on several earnings calls. More from Bloomberg's Charlie Pellett.

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Speaker 4: The most closely watched report this week will be chip

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Speaker 4: maker in Vidia, and it comes as retailers like Costco,

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Speaker 4: Macy's and Best Buy will be discussing the impact of

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Speaker 4: tariffs on their businesses. Kate Moore is chief investment officer

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Speaker 4: at City Wealth.

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Speaker 6: We've seen a large number of cuts from analysts, but

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Speaker 6: the magnitude of those cuts is not very big. It's

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Speaker 6: like death by a thousand paper cuts. They want to

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Speaker 6: signal that they know that they're headwinds, but they're not

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Speaker 6: doing anything substantial because the uncertainty factor is so high.

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Speaker 4: Other tech names this week include Sales Force and Hpink.

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Speaker 4: We'll also hear from Dick's Sporting Goods and Footlocker, which

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Speaker 4: Dix has offered to acquire in New York. Charlie Pellett,

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Speaker 4: Bloomberg Radio, 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 Prisner, and this is Bloomberg.