1
00:00:01,120 --> 00:00:03,480
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:03,480 --> 00:00:06,680
Speaker 1: Doug Chrisner, and we begin in Washington, where the Supreme

3
00:00:06,760 --> 00:00:10,280
Speaker 1: Court has sided with President Trump, allowing him to remove

4
00:00:10,320 --> 00:00:15,360
Speaker 1: officials from two independent federal agencies. However, this ruling shields

5
00:00:15,360 --> 00:00:17,919
Speaker 1: the Federal Reserve. The court said the FED is a

6
00:00:18,000 --> 00:00:23,080
Speaker 1: uniquely structured quasi private entity. Here is Bloomberg's Kate Davidson.

7
00:00:23,280 --> 00:00:25,599
Speaker 2: I'm sure that it's a sigh of relief for the FED.

8
00:00:25,640 --> 00:00:27,880
Speaker 2: Although if we heard, if you're listening to j Powell

9
00:00:27,960 --> 00:00:30,800
Speaker 2: last month, he was speaking in Chicago, and he actually

10
00:00:30,840 --> 00:00:33,519
Speaker 2: said he sort of predicted this and said that he

11
00:00:34,080 --> 00:00:36,919
Speaker 2: was confident or had a feeling that the Supreme Court

12
00:00:37,120 --> 00:00:39,920
Speaker 2: would kind of create some sort of exemption or at

13
00:00:40,000 --> 00:00:43,519
Speaker 2: least make clear rather that the law the FED differently,

14
00:00:43,520 --> 00:00:44,880
Speaker 2: and that's exactly what they did today.

15
00:00:44,960 --> 00:00:48,320
Speaker 1: That is Bloomberg's Kate Davidson. The Trump administration has barred

16
00:00:48,400 --> 00:00:54,120
Speaker 1: Harvard University from enrolling new international students, citing national security

17
00:00:54,320 --> 00:00:58,279
Speaker 1: and campus safety concerns. Now, the Department of Homeland Security

18
00:00:58,320 --> 00:01:03,120
Speaker 1: revoked Harvard's federal student visa certification and accuse the university

19
00:01:03,120 --> 00:01:07,720
Speaker 1: of fostering anti Semitism and foreign influence. Here is DHS

20
00:01:07,760 --> 00:01:10,679
Speaker 1: Secretary Christi Nomes speaking on Fox News.

21
00:01:11,080 --> 00:01:14,160
Speaker 3: Any foreign student that wishes to get an education in

22
00:01:14,160 --> 00:01:17,520
Speaker 3: this country that is attending Harvard and not participating in

23
00:01:17,520 --> 00:01:20,720
Speaker 3: this criminal activity, they will have to find another university

24
00:01:20,760 --> 00:01:23,800
Speaker 3: to go to because Harvard has chosen instead to not

25
00:01:23,920 --> 00:01:26,560
Speaker 3: protect their students and to allow this kind of violent

26
00:01:26,800 --> 00:01:28,640
Speaker 3: and discriminatory action continue.

27
00:01:28,800 --> 00:01:33,039
Speaker 1: That was DHS Secretary Christi Nomes speaking on Fox News. Now,

28
00:01:33,080 --> 00:01:36,680
Speaker 1: the government's move will affect nearly seven thousand foreign students

29
00:01:37,000 --> 00:01:40,160
Speaker 1: and it will cut off a key funding pipeline for Harvard.

30
00:01:40,360 --> 00:01:44,240
Speaker 1: The university is preparing legal action, with thousands of current

31
00:01:44,319 --> 00:01:48,800
Speaker 1: foreign students now facing possible deportation. The suspect accused of

32
00:01:48,840 --> 00:01:53,360
Speaker 1: gunning down too Israeli embassy staffers outside a Jewish museum

33
00:01:53,360 --> 00:01:57,000
Speaker 1: in Washington has been charged with murder. Officials are calling

34
00:01:57,000 --> 00:02:00,080
Speaker 1: it an anti Semitic hate crime. Here is in i'

35
00:02:00,080 --> 00:02:02,520
Speaker 1: from US Attorney for DC, jeaneene Piro.

36
00:02:02,960 --> 00:02:06,840
Speaker 4: Violence against anyone based on their religion is an act

37
00:02:06,840 --> 00:02:10,320
Speaker 4: of cowardice. It is not an act of a hero.

38
00:02:11,560 --> 00:02:15,320
Speaker 4: It is the kind of case that we will vigorously pursue.

39
00:02:16,080 --> 00:02:21,520
Speaker 4: Anti Semitism will not be tolerated, especially in the nation's capital.

40
00:02:21,639 --> 00:02:24,799
Speaker 1: That is intram us Attorney for DC, jeaneene Piro. Now

41
00:02:24,840 --> 00:02:28,640
Speaker 1: the suspect is identified as thirty year old Elias Rodriguez

42
00:02:28,680 --> 00:02:32,679
Speaker 1: of Chicago. Meantime, Israel said it's boosting security around its

43
00:02:32,680 --> 00:02:36,600
Speaker 1: embassies and diplomatic staff. Those locations had already been on

44
00:02:36,720 --> 00:02:40,680
Speaker 1: high alert given international outcry at the nineteen month old

45
00:02:40,760 --> 00:02:45,480
Speaker 1: war in Gaza. President Trump's Big Beautiful Bill narrowly passed

46
00:02:45,480 --> 00:02:48,320
Speaker 1: the House early Thursday by a vote of two fifteen

47
00:02:48,639 --> 00:02:52,160
Speaker 1: to two fourteen, with one abstention. The bill includes a

48
00:02:52,280 --> 00:02:55,959
Speaker 1: four trillion dollar increase in the US debt ceiling, and

49
00:02:56,080 --> 00:02:59,639
Speaker 1: it will extend President Trump's first term tax cuts. We

50
00:02:59,720 --> 00:03:04,240
Speaker 1: got reaction from Chuck Edwards, the Republican congressman from North Carolina.

51
00:03:04,560 --> 00:03:07,720
Speaker 1: He was speaking on Bloomberg's Balance of Power podcast.

52
00:03:07,919 --> 00:03:10,799
Speaker 5: I believe that we're at a point right now where

53
00:03:10,880 --> 00:03:17,160
Speaker 5: Americans are demanding more fiscal responsibility, and I think we're

54
00:03:17,200 --> 00:03:19,200
Speaker 5: going to see that out of the Senate's product. I

55
00:03:19,280 --> 00:03:24,400
Speaker 5: know that Americans are desperate to not see taxes go up.

56
00:03:24,440 --> 00:03:26,160
Speaker 5: I think we're going to see that come out of

57
00:03:26,200 --> 00:03:30,040
Speaker 5: the Senate product. I know that Americans are demanding stricter

58
00:03:30,120 --> 00:03:32,079
Speaker 5: border control. We're going to see that come out of

59
00:03:32,120 --> 00:03:33,040
Speaker 5: the Senate product.

60
00:03:33,160 --> 00:03:37,160
Speaker 1: Chuck Edwards, their Republican congressman from North Carolina. This bill

61
00:03:37,240 --> 00:03:39,520
Speaker 1: does raise the limit on the deduction for state and

62
00:03:39,560 --> 00:03:44,240
Speaker 1: local taxes to forty thousand dollars. It also temporarily exempts

63
00:03:44,280 --> 00:03:47,720
Speaker 1: tips and overtime pay from taxas. This bill goes next

64
00:03:47,720 --> 00:03:49,800
Speaker 1: to the Senate, where it will have to survive the

65
00:03:49,880 --> 00:03:55,840
Speaker 1: Chamber's complex reconciliation rules. The Trump Administrations Make America Healthy

66
00:03:55,880 --> 00:03:59,600
Speaker 1: Again Commission revealed its report today. It blames the rise

67
00:03:59,680 --> 00:04:04,600
Speaker 1: in diseases in the US on unhealthy food ingredients, chemicals,

68
00:04:04,640 --> 00:04:08,040
Speaker 1: and an over reliance on medication. Here is Health and

69
00:04:08,120 --> 00:04:10,840
Speaker 1: Human Services Secretary Robert F. Kennedy Jr.

70
00:04:11,120 --> 00:04:13,600
Speaker 6: At its core. This report is a call to action

71
00:04:13,800 --> 00:04:18,120
Speaker 6: for common sense. We've relied too much on conflicted research,

72
00:04:18,320 --> 00:04:23,320
Speaker 6: ignored common sense, or what would some would call mother's intuition.

73
00:04:23,640 --> 00:04:27,280
Speaker 1: HHS Secretary of Robert F. Kennedy Junior, speaking there. This

74
00:04:27,360 --> 00:04:32,440
Speaker 1: report also accuses corporations of spending money to influence scientific literature,

75
00:04:32,800 --> 00:04:37,680
Speaker 1: legislative actions, and regulatory agencies. And that is news when

76
00:04:37,720 --> 00:04:40,200
Speaker 1: you wanted to with Bloomberg News. Now I'm Doug prisoner,

77
00:04:40,320 --> 00:04:41,520
Speaker 1: and this is Bloomberg