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

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Speaker 1: Brian Curtis in Hong Kong. US Treasury Secretary Janet Yellen

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Speaker 1: is urging China's leaders to rethink their economic growth strategy.

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Speaker 1: Yellen said China's huge manufacturing capacity is a worldwide concern.

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Speaker 1: We spoke with Wendy Cutler from the Asia Society Policy Institute.

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Speaker 2: Secretary Yellen announced kind of new intensive engagements on a

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Speaker 2: balanced economy, looking at the supply and demand factors. And

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Speaker 2: given past experience with China, this could serve as an

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Speaker 2: excuse by China just to delay, delay, delay, keep talking,

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Speaker 2: don't take any actions. So I hope when she returns

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Speaker 2: and reports to the President that serious consideration will be

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Speaker 2: taken in terms of how the US should respond.

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Speaker 1: That's Wendy Kutler. China says the achievements of its electric

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Speaker 1: vehicle sector are down to innovation and hard work, not

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Speaker 1: cheap pricing. Bloomberg's Juan Wong has more from Hong Kong.

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Speaker 3: Commerce Minister Wang One Taw rejected the European Union's probe

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Speaker 3: into subsidies for the sector. Wang rejected charges by the

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Speaker 3: US and EUS at low pricing domestic over capacity and

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Speaker 3: government aid are what's propelling Chinese EV's. The PEP talk

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Speaker 3: to Chinese automakers in Paris may not sit well with Europe.

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Speaker 3: The EU is moving closer to imposing additional tariffs on

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Speaker 3: Chinese EV imports. France is calling for an even tougher

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Speaker 3: stance that has already limited domestic subsidies to exclude most

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Speaker 3: Chinese evs. In Hong Kong, Joan Wang, Bloomberg Radio.

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Speaker 1: And Japanese Prime Minister of Fumio Kishido will be in

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Speaker 1: the United States for a state visit this week. One

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Speaker 1: topic that may be discussed is Nippon Steele's attempt to

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Speaker 1: buy US Steel. Kishido will address the Joint Session of

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Speaker 1: Congress on Thursday. The following day, Friday, US Steel shareholders

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Speaker 1: are set to vote on the proposed takeover will Senate

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Speaker 1: GOP leader Mitch McConnell says would support a TikTok divestment bill.

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Speaker 1: McConnell spoke earlier on the Senate.

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Speaker 4: Floor, America's addressaries are working over time to determine to

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Speaker 4: undermine our interests and erode the alliances that protect them,

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Speaker 4: and it's easy to conceive of these challenges as playing

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Speaker 4: out exclusively on the high seas of the Indo Pacific,

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Speaker 4: but in reality, the competition is not an away game.

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Speaker 4: America's the greatest strategic rival is threatening our security right

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Speaker 4: here on US soil, in tens of millions of American homes.

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Speaker 1: The House of Representatives passed the bill last month to

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Speaker 1: ban the video sharing app if byte Dance does not

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Speaker 1: divest its stake in TikTok's US business. On abortion, former

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Speaker 1: President Donald Trump has posted on his truth social account,

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Speaker 1: it's all up to the states.

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Speaker 5: My view is now that we have abortion where everybody

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Speaker 5: wanted it. From a legal standpoint, the states will determine

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Speaker 5: by vote or legislation, or perhaps both, and whatever they

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Speaker 5: decide must be the law of the land, in this case,

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Speaker 5: the law of the state.

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Speaker 1: Former President Trump did not say after how many weeks

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Speaker 1: in a pregnancy abortion should not be allowed. However, he

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Speaker 1: does support exceptions for race incests than the life of

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Speaker 1: the mother. He also praised the Alabama legislature for protecting

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Speaker 1: in vitro fertilization after the state's supreme court defined embryos

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Speaker 1: as children. A New York appeals judge has rejected Trump's

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Speaker 1: attempt to delay his hush money criminal trial. Bloomberg zed

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Speaker 1: Baxter has the story.

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Speaker 6: So this means the jury selection is on the dock

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Speaker 6: at to begin next Monday. The Fifteenth Appeals Court Justice

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Speaker 6: Elizabeth Gonzalez denying the attempt to not start the trial

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Speaker 6: on time, rejecting the emergency state.

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Speaker 1: Now.

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Speaker 6: Trump's attorneys are also challenging the gag order prohibiting him

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Speaker 6: from making comments about Judge Merchant's family, as well the

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Speaker 6: judge rule that potential jurors will be asked whether they

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Speaker 6: belong to groups like Antifa and QAnon, as well as

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Speaker 6: whether they've been to rallies in support of or in

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Speaker 6: opposition to Trump. Ad Baxter Bloomberg Radio Elsewhere.

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Speaker 1: Israel's military says it's pulling some troops out of the

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Speaker 1: southern Gaza city of Khanyunis. That says the war with

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Speaker 1: Hamas reaches the six month mark. Officials say it's so

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Speaker 1: they can recuperate and prepare for future missions. Bloomberg's Rosalind

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Speaker 1: Mathieson says this does not signal an end to the war.

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Speaker 7: It'll rotate some of them. They're pulling out a brigade

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Speaker 7: or so they need to buffer the north of Israel

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Speaker 7: because they're worried about potential for further Hesbalah attacks. Of course,

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Speaker 7: that's another group backed by Iran in the region. In

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Speaker 7: the aftermath of that strike on the Iranian diplomatic compound

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Speaker 7: in Syria, or they worried also about a direct hit

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Speaker 7: from Iran, or though that's much less likely.

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Speaker 1: Israel's Defense minister also says troops were withdrawn to prepare

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Speaker 1: for a long await of offensive into Rafa.

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Speaker 4: In Goz's South.

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Speaker 1: And Sporting News, the University of Connecticut has defeated Perdue

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Speaker 1: to win the NCAA men's basketball Championship. The final score

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Speaker 1: Yukon seventy five, Perdue sixty. That's news when you want it.

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Speaker 1: With Bloomberg News Now, I'm Brian Curtis. This is Bloomberg