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

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Speaker 1: Brian Curtis in Hong Kong. A surprise announcement from West

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Speaker 1: Virginia Senator Joe Manchin, the seventy six year old Democrat,

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Speaker 1: says he will not run for reelection in twenty twenty four.

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Speaker 1: He made the announcement in a social media post in

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Speaker 1: which he outlined his future plans.

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Speaker 2: What I will be doing is traveling the country and

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Speaker 2: speaking out to see if there is an interest in

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Speaker 2: creating a movement to mobilize the.

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Speaker 1: Middle Manchin is the honorary co chairman of No Labels.

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Speaker 1: That's a collective that began as a centrist policy group,

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Speaker 1: but he's now laying the groundwork for a possible independent

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Speaker 1: campaign for the presidency. President Biden is facing a tough

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Speaker 1: reelection fight now, with less than a year left in

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Speaker 1: the campaign. More from Bloomberg Nathan Hager in Washington.

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Speaker 3: President Biden is flooding the zone with campaign ads to

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Speaker 3: beat back at voters two biggest concerns about him his aide.

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Speaker 4: In the middle of a war zone, Joe Biden showed

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Speaker 4: the world what America is made of the economy today.

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Speaker 4: Unemployment is at record lows, our economy leading the world.

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Speaker 3: The tracking firm at Impact says the President's already spent

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Speaker 3: thirty nine million dollars more than the last two presidents

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Speaker 3: at this point in their re election bids. In Washington,

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Speaker 3: I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: The finance leaders of the US and China have begun

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Speaker 1: talks to set the groundwork for the Biden she meetings

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Speaker 1: next week at APEC. Bloomberg's Ed Baxter has the story

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Speaker 1: from San Francisco.

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Speaker 5: Treasury Secretary Janet Yellen meets again today here in San

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Speaker 5: Francisco with Chinese Vice Premier Hu LaFong. She is saying

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Speaker 5: the US has no desire to break economic ties with China,

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Speaker 5: but these two day meetings are aimed at making progress

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Speaker 5: on a slew of economic issues before the heads of

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Speaker 5: state sit down. The White House has already said it

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Speaker 5: does not expect any major breakthroughs, although would like some

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Speaker 5: communication progress. China's main concerns in the supply chains in

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Speaker 5: high tech. The US focusing on fair competition in tech,

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Speaker 5: as well as freedoms and the issue of time Taiwan

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Speaker 5: in San Francisco. I'm at Baxter, Bloomberg Radio.

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Speaker 1: The stalemate on sending more aid to Ukraine is forcing

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Speaker 1: the Pentagon to make some tough choices. That story from

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Speaker 1: Bloomberg's Nancy Lyons.

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Speaker 2: The Pentagon says it has burned through about ninety five

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Speaker 2: percent of the funding for Ukraine and has only one

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Speaker 2: billion dollars left to replenish stockpiles of weapons that have

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Speaker 2: been sent. Deputy Pentagon spokeswoman Sabrina Singh says they're now

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Speaker 2: having to meet her out support. She's urging Congress to

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Speaker 2: break a deadlock and approve the Biden administration sixty one

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Speaker 2: point four billion dollar emergency funding request for Ukraine. That's

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Speaker 2: part of a larger package that includes aid to Israel

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Speaker 2: and funding for the US Mexico border. House Republicans want

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Speaker 2: the funding separated, an idea that the White House opposes.

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Speaker 2: In Washington, Nancy Lyons Bloomberg Radio.

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Speaker 1: FED chair Jerome Palill says he's not fully confident that

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Speaker 1: monetary policy has gone far enough in addressing inflation. Pali

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Speaker 1: spoke at an IMF conference in Washington.

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Speaker 6: If it becomes appropriate to tighten policy further, we will

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Speaker 6: not hesitate to do so. We will continue to move carefully, however,

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Speaker 6: allowing US to address both the risk of being misled

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Speaker 6: by a few good months of data and the risk

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Speaker 6: of overtightening.

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Speaker 1: Yield spiked across the treasury curve on Palace comments. China's

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Speaker 1: biggest bank, ICBC, has been hit by a cyber attack

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Speaker 1: and the effects were felt far and wide. We get

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Speaker 1: more from Bloomberg's Rishad Salamat in Hong Kong.

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Speaker 7: The hack forced clients of what is the world's largest

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Speaker 7: bank to reroute transactions. A large number of trades in

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Speaker 7: US treasuries were prevented from being cleared. It left brokers

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Speaker 7: and traders scrambling to US as the extent of the

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Speaker 7: impact of the cyber attack, there are reports of liquidity

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Speaker 7: being affected, and speculation continues to mount that the issues

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Speaker 7: were a catalyst for a very poor auction of thirty

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Speaker 7: year bonds. So to say, ICBC alerted clients that trading

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Speaker 7: was being impacted. This is a state owned bank, which

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Speaker 7: said that its US subsidiary appears to also have been affected.

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Speaker 7: ICBC is set of hired cybersecurity for Mandant and has

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Speaker 7: been offered assistance from the FBI in Hong Kong. Well,

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Speaker 7: I'm Rashad Salamit Bloomberg Radio.

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Speaker 1: Amazon and Meta Platforms are testing a feature that lets

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Speaker 1: shoppers buy Amazon products directly from ads on Instagram and Facebook,

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Speaker 1: the story from Bloomberg's Charlie Pellett.

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Speaker 8: The initiative, which involves asking consumers to link their Amazon

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Speaker 8: accounts to their social media profiles, could make Meta more

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Speaker 8: attractive to advertisers and let Amazon attract more shoppers from

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Speaker 8: outside its web store. The unprecedented partnership between the two

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Speaker 8: companies also could help them fend off challenges from TikTok,

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Speaker 8: which has launched a US e commerce marketplace, as well

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Speaker 8: as such Chinese upstarts as Timu and Chien in New York.

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Speaker 8: Charlie Pellett, Bloomberg Radio, and.

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Speaker 1: That's news when you wanted with Bloomberg News. Now, I'm

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Speaker 1: Brian Curtis. This is Bloomberg