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

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Speaker 1: Dan Schwartzman. We begin with earnings. Shares of Netflix are

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Speaker 1: down about six percent, and after hours trading, the streaming

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Speaker 1: giants set a tax dispute with Brazil cut into its

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Speaker 1: third quarter earnings. With a company posting a quarterly operating

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Speaker 1: income below its own forecast and analyst estimates, Geeta Raganathon

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Speaker 1: of Bloomberg Intelligence says, operating margins is how investors look

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Speaker 1: into Netflix.

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Speaker 2: We've seen just a tremendous increase in the way that

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Speaker 2: they have kind of grown their profits, in the way

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Speaker 2: that they've expanded their margins. It was up over six

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Speaker 2: hundred basis points last year. We were really expecting them

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Speaker 2: to actually exceed their guidance for both this quarter as

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Speaker 2: well as to take up guidance for the full year.

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Speaker 2: So this kind of really throws cold water and all

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Speaker 2: of those expectations and overall kind of looks really really underwhelming.

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Speaker 1: That's Gita Rakanathon of Bloomberg Intelligence. Warner Brothers Discovery has

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Speaker 1: begun to consider various deal scenarios after receiving what they

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Speaker 1: describe as quote unsolicited and from multiple parties for all

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Speaker 1: or part of the company. Bloomberg News has reported Paramount

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Speaker 1: Skuyddance has also made several bids for the company, but

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Speaker 1: they have been rejected for being too low. Here's Bloomberg's Lucashaw.

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Speaker 3: You've got one very clear interest in party in Paramount,

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Speaker 3: and you have a Warner Brothers Discovery wanting to either

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Speaker 3: get a better offer from them or find someone else

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Speaker 3: or have more leverage in these conversations, and so they're

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Speaker 3: basically saying that's it, we're for sale, Come and make

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Speaker 3: an offer, and they want to get as many people

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Speaker 3: in the tent as possible so they have as much

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Speaker 3: leverage as possible.

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Speaker 1: That's Bloomberg's Lucas Shaw. Meantime, sources tell Bloomberg Netflix and

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Speaker 1: Comcast are among the companies interested in Warner Brothers' movie

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Speaker 1: and TV studios. President Trump predicted an upcoming meeting with

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Speaker 1: his Chinese counterpart Shijinping would yield a good deal on trade.

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Speaker 1: The two leaders are scheduled to meet later this month

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Speaker 1: at the Asia Pacific Economic Cooperation Summit in South Korea. However,

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Speaker 1: Trump said there is a possibility that the meeting could

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Speaker 1: fail to materialize.

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Speaker 4: So now we're going to have a fair deal, and

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Speaker 4: I think we're going to have a very successful meeting.

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Speaker 4: There are a lot of people that are waiting for it.

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Speaker 4: Maybe it won't happen, Maybe it won't happen. Things can

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Speaker 4: happen where for instance, maybe somebody will say I don't

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Speaker 4: want to mate, it's too nasty, But it's really not nasty.

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Speaker 4: It's just business.

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Speaker 1: That's President Trump. Later in the day, Trump said as

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Speaker 1: of November one, tariffs on China would be at around

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Speaker 1: one hundred and fifty five percent. Paul in Grassia, the

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Speaker 1: White House's choice to serve as Special Council, has withdrawn

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Speaker 1: his nomination after facing resistance in the Senate. In Grassia

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Speaker 1: was scheduled to have his confirmation hearing this week, but

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Speaker 1: in Gracia's offensive texts he made to fellow Republicans in

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Speaker 1: a group chat came to light, with several of them

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Speaker 1: saying they won't support his nomination. Gold saw it's deepest

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Speaker 1: sell off in years. This comes as investors locked in profits,

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Speaker 1: unconcerned that the recent historic rally in the precious metals

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Speaker 1: left them overvalued. Here's Mike mcloone's senior commodity strategist for

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Speaker 1: Bloomberg Intelligence.

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Speaker 5: Right now, it's just a little bit of profit taking,

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Speaker 5: but it's what's happening in gold that's very disconcerting. As

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Speaker 5: of yesterday, it was up sixty six percent in the year.

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Speaker 5: That put it among the top four the last one

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Speaker 5: hundred years, with only nineteen seventy nine, seventy three, and

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Speaker 5: seventy four ahead of it, so it's very expensive. At

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Speaker 5: the same time, crude oil was down about twenty percent.

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Speaker 5: That disparity around eighty six percent has never happened. It's

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Speaker 5: never been that extreme.

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Speaker 1: That's Mike mcloon of Bloomberg Intelligence. Silver also saw its

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Speaker 1: biggest drop since twenty twenty one. European nations are working

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Speaker 1: with Ukraine on a twelve point proposal den Russia's war

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Speaker 1: along the current lines. We're told. The proposal inclus a

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Speaker 1: return of all deported children to Ukraine and exchanges of prisoners,

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Speaker 1: with the Ukraine receiving security guarantees, funds to repair war damage,

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Speaker 1: and a pathway to rapidly joining the European Union. A

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Speaker 1: peace word chaired by President Trump would oversee the implementation

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Speaker 1: of the proposed plan. Here's Bloomberg's Nick Wadams.

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Speaker 6: What you're really seeing is a European effort to essentially

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Speaker 6: set the terms of a potential Ukraine deal along the

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Speaker 6: lines of what President Trump had done in Gaza, to

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Speaker 6: try to mimic that it would offer some form of

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Speaker 6: security guarantees for Ukraine. But really what this is is

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Speaker 6: an effort by the Europeans to get involved and say, essentially, Okay,

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Speaker 6: here's a potential proposal that we could get both sides

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Speaker 6: to agree to.

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Speaker 1: Matt's Bloomberg Nick Wadhams. Separately, plans are on hold for

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Speaker 1: President Trump to sit down with Russian leader Vladimir Putin

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Speaker 1: to talk about resolving the war in Ukraine. The meeting

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Speaker 1: was announced last week and it was supposed to take

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Speaker 1: place in Budapest, although a date had not been set.

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Speaker 1: The decision was made following a call between Secretary of

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Speaker 1: State Marco Rubio and Russian Foreign Minister Sergei Lavrov. We

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Speaker 1: head to the Middle East next as Vice President jd.

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Speaker 1: Vance visited Israel to talk about the Gaza seasfire. Israel

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Speaker 1: A and Haamas earlier in the month agreed to a

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Speaker 1: truce based on parts of a plan outlined by President Trump. However,

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Speaker 1: recent fighting in Gaza over the weekend has raised fears

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Speaker 1: that the accord could fail before it progresses to a

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Speaker 1: second stage, which involves new governance and reconstruction of Gaza vans.

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Speaker 1: Though did not give a timeline for when Hamas must disarm,

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Speaker 1: but he did express optimism that the deal would hold.

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Speaker 1: The only real mediators are the United States of America.

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Speaker 1: So that's the role that we're going to play.

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Speaker 6: I think the American people should be proud of them,

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Speaker 6: but they should know that there are going to be

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Speaker 6: no American boots on the ground in Gaza.

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Speaker 1: That's Vice President j D. Vanson Israel. And that's news

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Speaker 1: when you want it. With Bloomberg News now, I'm Dan Schwartzman,

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Speaker 1: and this is Bloomberg