1
00:00:01,560 --> 00:00:04,520
Speaker 1: News when you wanted with Bloomberg News. Now. I'm Brian

2
00:00:04,600 --> 00:00:08,039
Speaker 1: Curtis in Hong Kong. The Trump hush money trial jury

3
00:00:08,080 --> 00:00:11,520
Speaker 1: has finished its first day of deliberations without a verdict.

4
00:00:11,800 --> 00:00:13,320
Speaker 1: At Baxter has that story.

5
00:00:13,800 --> 00:00:16,640
Speaker 2: Justice Wan mare Shan this morning spent about an hour

6
00:00:16,720 --> 00:00:19,319
Speaker 2: on instructions to how to view and decide on the

7
00:00:19,400 --> 00:00:23,239
Speaker 2: thirty four felon accounts against Trump. The judge strongly urged

8
00:00:23,280 --> 00:00:26,960
Speaker 2: the jurors to ignore the massive political implications overshadowing the

9
00:00:27,000 --> 00:00:30,640
Speaker 2: case and decide based on law. The jury did ask

10
00:00:30,720 --> 00:00:32,960
Speaker 2: for a review of the testimony about a Trump Tower

11
00:00:33,040 --> 00:00:36,600
Speaker 2: meeting that prosecutors say was central to a criminal conspiracy.

12
00:00:36,880 --> 00:00:40,640
Speaker 2: The request may suggest jurors are working through the chronology

13
00:00:41,000 --> 00:00:44,919
Speaker 2: laid out by the prosecutors, and Bloomberg's David g at

14
00:00:44,920 --> 00:00:47,159
Speaker 2: the courthouse says there was a second note.

15
00:00:47,000 --> 00:00:49,800
Speaker 3: As well, that asking the judge to restate the charges

16
00:00:49,800 --> 00:00:52,559
Speaker 3: that he enumerated this morning. I don't know what we

17
00:00:52,640 --> 00:00:54,400
Speaker 3: make of that. I mean, the jury convene this morning

18
00:00:54,400 --> 00:00:56,279
Speaker 3: around ten o'clock, a little later because of the late

19
00:00:56,400 --> 00:00:58,360
Speaker 3: night that you mentioned. Just a moment to go, Joe

20
00:00:58,800 --> 00:01:00,600
Speaker 3: and the judge spent about an hour going through each

21
00:01:00,600 --> 00:01:03,040
Speaker 3: of those thirty four charges of falsifying documents in the

22
00:01:03,080 --> 00:01:05,800
Speaker 3: furtherance of another prime took a lot of time, not

23
00:01:05,920 --> 00:01:08,800
Speaker 3: dwelling on the evidence, but dwelling on the law. The

24
00:01:08,880 --> 00:01:11,040
Speaker 3: jury saying they want to hear those charges once again.

25
00:01:11,120 --> 00:01:13,720
Speaker 2: David on balance of power with the Joe Matthew Ed

26
00:01:13,760 --> 00:01:15,200
Speaker 2: Baxter Bloomberg.

27
00:01:14,760 --> 00:01:19,360
Speaker 1: Radio, Israel's national security advisor sees seven more months of

28
00:01:19,440 --> 00:01:23,160
Speaker 1: fighting to defeat Hamas. This underscore is the difficulty that

29
00:01:23,280 --> 00:01:26,679
Speaker 1: Israel faces in achieving its stated aim of crushing the

30
00:01:26,760 --> 00:01:30,399
Speaker 1: Islamist group in Gaza. The comments will do little to

31
00:01:30,480 --> 00:01:33,240
Speaker 1: raise the spirits of mediators like the US and counter

32
00:01:33,840 --> 00:01:36,520
Speaker 1: they want Israel and Hamas to agree to a cease fire.

33
00:01:37,080 --> 00:01:40,080
Speaker 1: The White House said. A new proposal that comes with

34
00:01:40,160 --> 00:01:43,160
Speaker 1: a sign off from Israel has been offered in hopes

35
00:01:43,200 --> 00:01:48,120
Speaker 1: of prompting additional negotiations between the two sides. Hong Kong

36
00:01:48,160 --> 00:01:52,240
Speaker 1: Court has found fourteen opposition figures guilty in the city's

37
00:01:52,320 --> 00:01:56,640
Speaker 1: largest yet national security trial. The trial target's scores of

38
00:01:56,680 --> 00:02:01,320
Speaker 1: pro democracy activists. The defendants were convicted of subversion charges

39
00:02:01,440 --> 00:02:05,320
Speaker 1: under a twenty twenty national security law imposed by Beijing.

40
00:02:05,720 --> 00:02:09,079
Speaker 1: A total of forty seven people were accused of conspiring

41
00:02:09,400 --> 00:02:14,320
Speaker 1: to subvert state power by holding unofficial primary elections. Some

42
00:02:14,360 --> 00:02:17,920
Speaker 1: of those charged include the prominent activist Joshua Wong and

43
00:02:18,120 --> 00:02:23,160
Speaker 1: former lawmaker Claudia Mo. Sixteen contested the charges and received

44
00:02:23,320 --> 00:02:28,239
Speaker 1: verdicts on Thursday. China needs to stop supplying weapons components

45
00:02:28,240 --> 00:02:31,800
Speaker 1: that Russia can use in Ukraine. That's according to Deputy

46
00:02:31,840 --> 00:02:36,480
Speaker 1: Treasury Secretary Wally Adimo, who has met with European allies.

47
00:02:36,720 --> 00:02:38,640
Speaker 1: He spoke with Bloomberg from Kiev.

48
00:02:39,120 --> 00:02:41,440
Speaker 4: What we know is that the Kremlin has charged their

49
00:02:41,440 --> 00:02:44,840
Speaker 4: intelligence services with trying to get around our sanctions, and

50
00:02:45,040 --> 00:02:48,440
Speaker 4: we are concerned that Russia is getting access to key

51
00:02:48,480 --> 00:02:52,520
Speaker 4: component parts, particularly from China and other countries, that are

52
00:02:52,520 --> 00:02:55,320
Speaker 4: allowing them to build these weapons. And what I'm here

53
00:02:55,360 --> 00:02:57,680
Speaker 4: to do in Kiev is to talk to my counterparts

54
00:02:57,960 --> 00:03:00,880
Speaker 4: about the new tools we're considering to try and go

55
00:03:00,960 --> 00:03:03,320
Speaker 4: after the ability of the Kremlin to do just that.

56
00:03:04,000 --> 00:03:07,919
Speaker 1: Deputy Treasury Secretary Wally Adiamo, and he says the US

57
00:03:07,919 --> 00:03:11,160
Speaker 1: he is open to sanctioning any former person that helps

58
00:03:11,280 --> 00:03:15,720
Speaker 1: rush out Harvey Weinstein may face new allegations of rape

59
00:03:15,760 --> 00:03:19,600
Speaker 1: and sexual assault when the former Hollywood mogul is tried

60
00:03:19,639 --> 00:03:22,720
Speaker 1: again in New York. This comes after a state appeals

61
00:03:22,760 --> 00:03:26,440
Speaker 1: court overturned his twenty twenty rape conviction in April. Since

62
00:03:26,480 --> 00:03:29,760
Speaker 1: the last trial, other women have disclosed being sexually assaulted

63
00:03:29,800 --> 00:03:33,800
Speaker 1: by the defendant. That's according to Nicole Blumberg, a prosecutor

64
00:03:33,880 --> 00:03:38,360
Speaker 1: for Manhattan District Attorney Alvin Bragg. A judge has indicated

65
00:03:38,360 --> 00:03:41,680
Speaker 1: that the retrial could come as soon as September. The

66
00:03:41,680 --> 00:03:45,360
Speaker 1: Fed Bank of Atlanta President Raphael Bostick says many inflation

67
00:03:45,520 --> 00:03:49,240
Speaker 1: measures are now moving to the Fed's target range. Bostick

68
00:03:49,320 --> 00:03:51,440
Speaker 1: says the Fed may be in a position to cut

69
00:03:51,520 --> 00:03:55,480
Speaker 1: rates in the fourth quarter. Meantime, JP Morgan's CEO, Jamie

70
00:03:55,480 --> 00:03:58,880
Speaker 1: Diamond says he expects issues to emerge in private credit.

71
00:03:59,480 --> 00:04:03,080
Speaker 1: He says that that's especially as retail clients gain access

72
00:04:03,120 --> 00:04:06,720
Speaker 1: to the asset class. Diamond airs his concerns.

73
00:04:07,760 --> 00:04:09,920
Speaker 5: If a little old lady finds out that she can't

74
00:04:09,960 --> 00:04:12,360
Speaker 5: get her money back, and there may have been disclosure

75
00:04:12,400 --> 00:04:14,720
Speaker 5: there saying, you know, this money's locked up for five years,

76
00:04:15,080 --> 00:04:18,279
Speaker 5: but you know what, retail clients had to circle the

77
00:04:18,320 --> 00:04:21,159
Speaker 5: block and call their centers and congressmen, and there could

78
00:04:21,160 --> 00:04:22,040
Speaker 5: be held to pay.

79
00:04:22,680 --> 00:04:25,200
Speaker 1: Hell to Pay. Diamond wrote in his annual letter to

80
00:04:25,240 --> 00:04:28,680
Speaker 1: shareholders that private credit has not yet been tested by

81
00:04:28,839 --> 00:04:32,440
Speaker 1: bad markets. The Fed Bank of Cleveland has appointed Beth

82
00:04:32,480 --> 00:04:35,800
Speaker 1: Hammock as the new president. The move comes three months

83
00:04:35,839 --> 00:04:38,960
Speaker 1: after Hammick left a thirty year career with Goldman Sacks.

84
00:04:39,400 --> 00:04:41,760
Speaker 1: She was once seen as the first woman to crack

85
00:04:41,839 --> 00:04:44,400
Speaker 1: the top ranks at the Wall Street Bank. More from

86
00:04:44,440 --> 00:04:46,200
Speaker 1: Bloomberg Steve Matthews.

87
00:04:46,040 --> 00:04:49,400
Speaker 6: The Cleveland Fed has been kind of a leader among

88
00:04:49,480 --> 00:04:54,200
Speaker 6: the twelve Fed banks and diversity. The first woman ever

89
00:04:54,279 --> 00:04:57,839
Speaker 6: to had a FED bank was at the Cleveland Fed.

90
00:04:58,760 --> 00:05:03,320
Speaker 6: This is a fourth woman following. She replaces Loretta Master,

91
00:05:03,960 --> 00:05:06,839
Speaker 6: who was very much a force to be reckoned with

92
00:05:07,760 --> 00:05:08,359
Speaker 6: on the FED.

93
00:05:08,920 --> 00:05:11,719
Speaker 1: Beth Hammock will take over at the Cleveland Fed on

94
00:05:11,960 --> 00:05:15,000
Speaker 1: August twenty first, that's news when you want it with

95
00:05:15,040 --> 00:05:18,760
Speaker 1: Bloomberg News Now. I'm Brian Curtis. This is Bloomberg