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

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Speaker 1: Doug Prisner. President Trump and Fetchair J. Powell clashed today

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Speaker 1: over the Central Banks renovation project during a tour of

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Speaker 1: the construction site. The pair spoke to reporters during a

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Speaker 1: visit to examine restoration work of the fed's headquarters.

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Speaker 2: So, well, taking a look, and it looks like it's

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Speaker 2: about three point one billion, one up a little bit

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Speaker 2: for a lot. So the two point seven is now

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Speaker 2: three point one. Yeah, it just came out.

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Speaker 3: I haven't heard that from anybody to fit now.

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Speaker 1: Trump also said he doesn't see cost overruns for the

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Speaker 1: fed's renovation project as a fireable offense, but at the

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Speaker 1: same time, Trump reiterated his desire for Powell to lower

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Speaker 1: interest rates.

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Speaker 2: I believe that the chairman is going to do the

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Speaker 2: right thing. I mean, maybe a little too late, as

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Speaker 2: the expression goes, but I believe he's going to do

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Speaker 2: the right thing.

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Speaker 1: Trump went on to say that he has two or

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Speaker 1: three people in mind to take over for Powell when

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Speaker 1: his term spires in May. The FCC has approved the

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Speaker 1: merger of Skydance Media and Paramount Global. Now. Completion of

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Speaker 1: this deal caps a year long saga that included settling

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Speaker 1: a lawsuit with President Trump and making concessions on diversity

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Speaker 1: initiatives and news judgment. Last July's Guidance agreed to take

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Speaker 1: control of Paramount, the parent of CBS and MTV and

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Speaker 1: its namesake Hollywood Film Studio. This after months of tumultuous

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Speaker 1: negotiations with Shari Redstone, whose family has run Paramount for decades.

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Speaker 1: The Department of Justice met today with Delane Maxwell, the

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Speaker 1: former associate of Jeffrey Epstein. Maxwell met with Todd blanche,

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Speaker 1: the President's former personal attorney in Florida, where Maxwell is

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Speaker 1: serving twenty years for sex trafficking girls and women for Epstein.

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Speaker 1: Here is Maxwell's defense attorney, David Marcus, speaking to ABC News.

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Speaker 4: We're not going to comment on the substance, but there

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Speaker 4: were a lot of questions and we went all day.

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Speaker 3: And she answered every one of them. She never has

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Speaker 3: said I'm not going to answer, never declined.

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Speaker 1: That was Gilane Maxwell's defense attorney, David Marcus, speaking to

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Speaker 1: ABC News Now. This meeting comes as the Trump administration

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Speaker 1: continues to face pressure from both sides of the aisle

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Speaker 1: to release files connected to Epstein. President Trump selected Alina

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Speaker 1: Habba to continue running the US Attorney's office in New

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Speaker 1: Jersey on a temporary basis. Hobba's post was set to

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Speaker 1: expire on Friday. Now, the announcement ends a day's long

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Speaker 1: standoff between officials in Washington and federal judges in New Jersey.

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Speaker 1: A White House spokesperson says that President Trump continues to

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Speaker 1: have full confidence in Habba to serve the people of

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Speaker 1: New Jersey. Ceasefire talks in Gaza suffered a major setback

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Speaker 1: on Thursday after both the US and Israel pulled negotiators

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Speaker 1: from talks and cutter. The Trump administration accused Thomas of

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Speaker 1: not acting in good faith following its response to a

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Speaker 1: proposed sixty day truce. Now, Israeli Prime Minister Benjamin Ecnia,

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Speaker 1: who warned that Hamas is misreading Israel's willingness to negotiate

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Speaker 1: as a weakness. Meantime, US officials say alternative strategies are

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Speaker 1: now under review. At the same time, French President Emmanuel

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Speaker 1: Macron said France will recognize a Palestinian state in a

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Speaker 1: post on ex Macron said he will make a formal

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Speaker 1: announcement at the UN General Assembly in September. The earning

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Speaker 1: season rolled on today and after the bell we heard

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Speaker 1: from Intel. The company gave a stronger than expected forecast

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Speaker 1: for revenue in the current period. Intel is benefiting from

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Speaker 1: a resurgence in personal computer demand. More from Bloomberg's Charlie Pellett.

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Speaker 3: The quarter offers investors a glimmer of hope as they

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Speaker 3: wait for a turnaround under the new CEO, Lip Bhutan. J.

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Speaker 3: Goldberg is a senior analyst at Seaport Group. They used

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Speaker 3: to be the dominant player, and now they're not anymore,

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Speaker 3: and they need to reorganize not just the number of people,

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Speaker 3: but sort of how everyone thinks about the problems facing them.

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Speaker 3: Intel is still facing challenge including lost market share de rivals,

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Speaker 3: while struggling to attract customers to its foundry business in

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Speaker 3: New York. Charlie Pellet Bloomberg Radio.

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Speaker 1: Professional wrestling icon Hulk Hogan has died. Born Terry Belea,

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Speaker 1: the WWE Hall of Famer, passed away on Thursday in

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Speaker 1: Florida after suffering cardiac arrest. One of Hogan's early successes

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Speaker 1: was winning WrestleMania three back in nineteen eighty seven, besting

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Speaker 1: Andre the Giant.

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Speaker 4: The winner of the bout, and still World Wrestling Federation

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Speaker 4: Heavyweight champion Hulk Hogan.

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Speaker 1: Now. Hogan's in ring career spanned four decades, although in

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Speaker 1: his later years he did face a number of scandals.

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Speaker 1: Hulk Hogan was seventy one years old. Chuck Mangioni ha died.

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Speaker 1: The jazz musician and composer was best known for his

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Speaker 1: soft jazz song Feels So Good. Mangioni's manager says the

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Speaker 1: musician passed away peacefully and his sleep at home in Rochester,

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Speaker 1: New York. Chuck Mangioni was eighty four years old. And

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

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