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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, with no deal reach. Boeing's first strike in

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Speaker 1: nearly three decades out at Saint Louis area defense Factories

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Speaker 1: has officially begun this hour. Thirty two hundred machinists have

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Speaker 1: walked off the job after members voted down a deal

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Speaker 1: that would have raised wages by twenty percent boosted retirement contributions.

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Speaker 1: The union last went on shrike back in nineteen ninety six,

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Speaker 1: with that stoppage lasting ninety nine days. This strike now

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Speaker 1: amplifies financial pressure on Boeing's Defense and Space division. As

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Speaker 1: of the second quarter, that unit generating about thirty percent

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Speaker 1: of the company's revenue. President Trump's decision to fire the

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Speaker 1: head of the Bureau of Labor Statistics, Erica Macintar, front Friday,

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Speaker 1: hours after a week jobs report prompted Trump to call

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Speaker 1: the data quote phony, has drawn sharp criticism from economists

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Speaker 1: and former officials. The President, speaking in Allentown, Pennsylvania, before

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Speaker 1: boarding Air Force one for the flight back to Washington,

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Speaker 1: says a new head of the Bureau of Labor Statistics

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Speaker 1: should be announced soon.

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Speaker 2: We'll be announcing a new statistician sometime over the next

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Speaker 2: three four days. We had no confidence. I mean, the

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Speaker 2: numbers were ridiculous what she announced, but that was just

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Speaker 2: one negative number. All the numbers seemed to be great,

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Speaker 2: and so we'll see how that comes out.

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Speaker 1: That's President Trump speaking in Allentown, Pennsylvania, before boarding Air

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Speaker 1: Force won for the flight back to Washington. The July

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Speaker 1: jobs report showed a sharp cooling in the labor market

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Speaker 1: over the past three months, non farm payrolls rising by

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Speaker 1: just seventy three thousand in July. That's after the prior

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Speaker 1: two months revised down by nearly two hundred and sixty thousand.

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Speaker 1: Friday's report from the BLS also showed the unemployment rate

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Speaker 1: rising to four point two percent. Federal Reserve Governor Adriana

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Speaker 1: Coogler announcing she will be stepping down from her position

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Speaker 1: on the Central Bank's board. That's after she missed the

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Speaker 1: last FOMC meeting for personal reasons. The surprise move gives

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Speaker 1: President Trump the opportunity to fill a seat at the

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Speaker 1: FED earlier than expected. It may also force him to

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Speaker 1: pick the next FED chair months sooner than he'd anticipated.

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Speaker 1: We heard Sunday from National Economic Council Director Kevin Hassett.

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Speaker 1: He spoke with NBC's Meet the Press.

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Speaker 3: I've been working with the President for about eight years,

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Speaker 3: and you know, as one of his closest economic advisors.

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Speaker 3: Of course, we've talked about the Federal Reserve right now.

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Speaker 3: He set up an active search with Secretary Bessett, and

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Speaker 3: they're going to go through a list of names, and

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Speaker 3: I'm sure the President will pick the best available person.

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Speaker 1: That's National Economic Council Director Kevin Hassett speaking to NBC's

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Speaker 1: Meet the Press. Following Cougler's resignation Friday, President Trump took

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Speaker 1: to truth Social to once again limbast fed chair Jerown Powell.

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Speaker 1: Trump wrote, quote too late. Powell should resign just like

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Speaker 1: Adriana Kugler, she knew he was doing the wrong thing.

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Speaker 1: On interest rates. OPECK Plus is ramping up oil production

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Speaker 1: by five hundred and forty seven thousand barrels a day

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Speaker 1: in September, finalizing its accelerated phase out of pass supply cuts.

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Speaker 1: The move comes as oil markets head toward a surplus

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Speaker 1: and prices hovered below seventy dollars a barrel. Saudi Arabia

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Speaker 1: aims to regain market share, but the increased output could

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Speaker 1: widen its budget deficit, which relies on oil above eighty dollars,

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Speaker 1: Analysts predict prices may dip towards sixty dollars a barrel

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Speaker 1: by year's end. The flood of earnings reports will be continuing.

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Speaker 1: This week. We get a preview from Bloomberg's Charlie Pellett.

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Speaker 4: Airbnb, McDonald's, and Disney are among the major household names

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Speaker 4: whose international businesses are helping offset domestic weakness. Jason Pride

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Speaker 4: is chief of Investment Strategy at glen Meade.

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Speaker 5: This was an environment this last quarter or two where

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Speaker 5: people were kind of hit by headlines left and right,

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Speaker 5: tearf wise or otherwise, and there's this question of whether

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Speaker 5: the economy and market could continue to grow through this.

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Speaker 4: Also reporting this week, Uber AMD and Palanteer Technologies in

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Speaker 4: New York, Charlie Pellett Bloomberg Radio.

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Speaker 1: Former Fox News host Janine Piro has been confirmed as

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Speaker 1: a chief federal prosecutor for Washington, making her the first

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Speaker 1: Trump pick to clear the chamber amid growing controversy over

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Speaker 1: politicized appointments. The GOP controlled Senate confirmed her in a

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Speaker 1: fifty to five forty five vote Pierrot had previously served

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Speaker 1: as both the judge and district attorney in New York

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Speaker 1: suburban Westchester County. Democrats opposed her over her past remarks

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Speaker 1: denying the twenty twenty election results. Pierrot has held the

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Speaker 1: post in enacting capacity since Ed Martin withdrew his nomination.

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Speaker 1: And that's news when you want it with Bloomberg News Now,

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Speaker 1: I'm Dan Schwartzman, and this is Bloomberg