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Speaker 1: News when you wanted it with Boomberg News Now. I'm

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Speaker 1: Brian Curtis in Hong Kong. France looks to be heading

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Speaker 1: into political instability after a surprise win by a left

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Speaker 1: wing coalition in legislative elections. The result offers no clear

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Speaker 1: path for any party to claim the majority needed to govern.

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Speaker 1: The leftist New Popular Front won one hundred seventy eight

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Speaker 1: seats in the National Assembly, according to data. President Immanuel

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Speaker 1: Macron's centrist Alliance notch one hundred and fifty six seats,

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Speaker 1: and Marine Leapenn's National Rally came third with one hundred

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Speaker 1: and forty three.

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Speaker 2: Here's leapenno, come on, you will be in a position

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Speaker 2: to have an absolute majority.

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Speaker 3: Maybe in a year.

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Speaker 4: France is going to be totally deadlocked with three groups

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Speaker 4: of roughly equal size in the National Assembly.

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Speaker 5: So that's the way to go.

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Speaker 4: It's unfortunate we will lose another year, but if that's

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Speaker 4: what it takes, well, then that's what it takes.

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Speaker 1: Meantime, we hear from the leftist leader Jean Luke Melenchon.

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Speaker 4: He said it already last and we reliterate this to

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Speaker 4: the President of the Republic. We refuse to enter into

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Speaker 4: negotiations with his party to make wheelings and dealings, especially

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Speaker 4: having fought relentlessly for seven years against its policies of

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Speaker 4: social abuse and ecological inaction, and the votes of the

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Speaker 4: French people have just confirmed this.

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Speaker 1: The overall result may alarm investor is concerned about the

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Speaker 1: state of France's public finances, particularly with all the extra spending.

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Speaker 1: For more news, here's Bloomberg's Doug Krisner.

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Speaker 2: In the States, President Biden was campaigning in Pennsylvania today

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Speaker 2: and he spoke at the Mount Airy Church of God

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Speaker 2: in Christ. You know, I've been doing this a long time,

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Speaker 2: and I'm honest to God, have never more optimistic about

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Speaker 2: America's future if we stick together. That's President Biden speaking

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Speaker 2: early today in Pennsylvania. At the same time, in a

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Speaker 2: private meeting with House Minority Leader Hakim Jefferies, more Congressional

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Speaker 2: Democrats were saying they want Biden to step aside as

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Speaker 2: the party's nominee. Meantime, a new poll shows the President

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Speaker 2: has registered his best showing yet and is closing the

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Speaker 2: gap on Donald Trump. This comes from the latest Bloomberg

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Speaker 2: News Morning Console polling of battleground states. Here is Bloomberg's

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Speaker 2: Gregory Corti.

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Speaker 3: Now, these are also states that he has been advertising in,

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Speaker 3: so that might also explain why the swing state numbers

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Speaker 3: differ from the national numbers. He's spent a lot of

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Speaker 3: money even before the debates, softening the ground, and then

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Speaker 3: after the debates coming back with ads specifically about this

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Speaker 3: message of Trump being dangerous, Trump instigating this January sixth

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Speaker 3: attack on the US Capitol, and that seems to be

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Speaker 3: resonating with some of these swing state voters. The issue

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Speaker 3: of democracy being on the ballot now rivals immigration is

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Speaker 3: the number two issue the bows are concerned most about.

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Speaker 2: That's Bloomberg's Gregory Corti. Skydance Media is inching closer to

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Speaker 2: a merger with Paramount Global. We are told a special

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Speaker 2: committee of Paramount's board bless the deal earlier today. The

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Speaker 2: full board is expected to give its approval and then

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Speaker 2: sign final paperwork, possibly tonight, meaning an announcement could come

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Speaker 2: as soon as Monday. A tick up in the US

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Speaker 2: unemployment rate may lead to a showdown between a cautious

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Speaker 2: FED and those worried about a slowing American economy. In June,

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Speaker 2: US hiring and wage growth edged lower, the unemployment rate

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Speaker 2: meantime rose to four point one percent. We heard from

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Speaker 2: the Acting US Labor Secretary Julie Sue. Despite the uptick

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Speaker 2: in unemployment, she said, people are still looking for jobs.

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Speaker 6: It's ticked up slightly now, partly because we also see

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Speaker 6: an increase in labor force participation rate among prime age workers.

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Speaker 6: People come into labor market looking for jobs. It's taking

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Speaker 6: them a little bit longer to find them. But we're

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Speaker 6: seeing a between supply and demand when it comes to

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Speaker 6: workers looking for jobs and employers finding what they need.

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Speaker 2: Acting US Labor Secretary Julie Sue. Meantime, here in the States,

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Speaker 2: inflation figures and comments from Fed Share j Powell are

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Speaker 2: on tap. In the week ahead, we have a preview

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Speaker 2: from Bloomberg's Karen Moscow.

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Speaker 5: Chair Jerome Powell delivers the Federal Reserve semi annual testimony

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Speaker 5: to the Senate Banking Committee on Tuesday. He'll appear before

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Speaker 5: the House Financial Services Committee Wednesday. Thursday, we get to

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Speaker 5: look at the consumer Price Index for June. It's likely

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Speaker 5: to show further signs of cooling inflation. Friday, we get

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Speaker 5: the producer price index, consumer sentiment, and earnings from some

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Speaker 5: of the big banks, including JP, Morgan, Chase, Citygroup, Wells

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Speaker 5: Fargo and Bank of New York. Mellon, Karen Moscow, Bloomberg Radio,

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Speaker 5: and that is.

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Speaker 2: News when you want it. With Bloomberg News Now, I'm

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Speaker 2: Doug Prisner, and this is Bloomberg New