1 00:00:01,680 --> 00:00:04,800 Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Krisner. 2 00:00:05,160 --> 00:00:08,080 Speaker 1: Elon Musk says a cyber attack delayed the start of 3 00:00:08,080 --> 00:00:13,319 Speaker 1: his conversation tonight with Republican presidential nominee Donald Trump. Musk said, 4 00:00:13,360 --> 00:00:16,280 Speaker 1: there appears to have been a massive d DOS attack 5 00:00:16,400 --> 00:00:20,600 Speaker 1: on X that's his platform, Musk writing earlier on X 6 00:00:20,800 --> 00:00:24,279 Speaker 1: some eighteen minutes after the event was scheduled to begin. Now, 7 00:00:24,360 --> 00:00:27,680 Speaker 1: a d DOS attack involves flooding aside with more traffic 8 00:00:27,720 --> 00:00:30,680 Speaker 1: than it can handle. It is not immediately clear what 9 00:00:30,800 --> 00:00:34,720 Speaker 1: caused the issue with X. The conversation eventually began some 10 00:00:34,880 --> 00:00:38,040 Speaker 1: forty minutes after it was scheduled. Here's Musk giving an 11 00:00:38,080 --> 00:00:39,800 Speaker 1: apology at the start of the event. 12 00:00:39,920 --> 00:00:42,880 Speaker 2: Well applogies for the late start. We unfortunately had a 13 00:00:42,960 --> 00:00:50,680 Speaker 2: massive distributed nilox service attack against our servers and saturated 14 00:00:50,760 --> 00:00:55,959 Speaker 2: all of our data lines, like basically hundreds of gigabits 15 00:00:55,960 --> 00:01:01,080 Speaker 2: of data were saturated. We think we've come most of 16 00:01:01,120 --> 00:01:06,360 Speaker 2: that and so it's not time to proceed. But as 17 00:01:06,440 --> 00:01:11,560 Speaker 2: this massive attack illustrates, there's a lot of opposition to 18 00:01:12,080 --> 00:01:15,880 Speaker 2: people just hearing what President Trump has to say. 19 00:01:16,080 --> 00:01:19,720 Speaker 1: That's Elon Musk now During the conversation, Trump and Musk 20 00:01:20,080 --> 00:01:22,399 Speaker 1: touched on the assassination attempt. 21 00:01:22,040 --> 00:01:24,520 Speaker 2: People wondering by it, pointing out this guy on the 22 00:01:24,560 --> 00:01:27,920 Speaker 2: roof with the gun. Yeah, and there seen it, but 23 00:01:28,640 --> 00:01:33,199 Speaker 2: somehow it's not being addressed. That does seem crazy. 24 00:01:33,240 --> 00:01:36,399 Speaker 3: Well, they're going to learn from this, the communication between 25 00:01:36,440 --> 00:01:39,360 Speaker 3: the local police who sort of had an idea, and 26 00:01:39,400 --> 00:01:42,559 Speaker 3: then ultimately a man lifted himself up to the roof, 27 00:01:42,600 --> 00:01:44,880 Speaker 3: could barely do it because you know, he was pulling 28 00:01:44,920 --> 00:01:47,720 Speaker 3: himself up, and yeah, he saw. 29 00:01:47,480 --> 00:01:48,680 Speaker 4: The man with the gun. 30 00:01:49,120 --> 00:01:51,120 Speaker 5: The man with the gun pointed the gun at him. 31 00:01:51,560 --> 00:01:53,960 Speaker 5: He thought he was probably going to get shot, but 32 00:01:54,120 --> 00:01:57,760 Speaker 5: you know, he's like pulling himself up, and because of that, 33 00:01:57,800 --> 00:02:00,280 Speaker 5: he couldn't get to his gun, and he fell down, 34 00:02:00,320 --> 00:02:04,680 Speaker 5: actually very badly. Hurt his leg, his ankle. I hear 35 00:02:04,840 --> 00:02:06,640 Speaker 5: very badly, but he fell down. 36 00:02:06,840 --> 00:02:10,000 Speaker 1: Trump also said he's planning to return to Butler, Pennsylvania 37 00:02:10,040 --> 00:02:13,239 Speaker 1: in October. That's where he was shot during a campaign 38 00:02:13,320 --> 00:02:16,360 Speaker 1: rally in July. Israel says it's on the highest state 39 00:02:16,400 --> 00:02:19,200 Speaker 1: of alert as the world watches to see if Iran 40 00:02:19,320 --> 00:02:23,040 Speaker 1: retaliates for the killing of a Hamas leader Bloomberg Zamy 41 00:02:23,080 --> 00:02:24,520 Speaker 1: Morris has more from Washington. 42 00:02:24,639 --> 00:02:27,720 Speaker 4: President Biden spoke by ponge with European allies about the 43 00:02:27,760 --> 00:02:31,800 Speaker 4: increasing tensions between Israel and Iran. The US believes an 44 00:02:31,800 --> 00:02:35,240 Speaker 4: Iranian attack against Israel has grown even more likely and 45 00:02:35,320 --> 00:02:38,560 Speaker 4: could come as soon as this week. National Security Council 46 00:02:38,639 --> 00:02:41,320 Speaker 4: spokesman John Kirby says it's hard to know exactly what 47 00:02:41,360 --> 00:02:43,080 Speaker 4: Iran's retaliation would look like. 48 00:02:43,240 --> 00:02:46,960 Speaker 5: He shared a saying concerns and expectations that Israeli counterparts 49 00:02:47,000 --> 00:02:51,000 Speaker 5: have with respect to potential timing here could be this week. 50 00:02:51,280 --> 00:02:53,600 Speaker 4: The US has beefed up its military presence in the 51 00:02:53,639 --> 00:02:57,000 Speaker 4: region as they pushed for more Gaza ceasepire talks, which 52 00:02:57,040 --> 00:03:00,919 Speaker 4: allies hope can head off an Iranian strike In Washington. 53 00:03:00,919 --> 00:03:02,560 Speaker 4: Amymore as Bloomberg Radio. 54 00:03:02,680 --> 00:03:05,840 Speaker 1: The FBI says it's investigating efforts to hack both the 55 00:03:05,960 --> 00:03:09,800 Speaker 1: Harris and Trump campaigns. We have more from Bloomberg's Ed Baxter. 56 00:03:10,160 --> 00:03:13,200 Speaker 6: The GOP says hackers attempted to get into Rogers Stone, 57 00:03:13,280 --> 00:03:17,120 Speaker 6: a former Trump advisor's account. The Harris campaign says some 58 00:03:17,480 --> 00:03:21,520 Speaker 6: Harris staffers were targets. The Washington Post first report of 59 00:03:21,520 --> 00:03:25,120 Speaker 6: the attempts. The Harris campaign itself says it does not 60 00:03:25,360 --> 00:03:29,120 Speaker 6: appear to be a victim. It says the campaign vigilantly 61 00:03:29,240 --> 00:03:33,080 Speaker 6: monitors and protects against cyber threats, and that it is 62 00:03:33,160 --> 00:03:37,640 Speaker 6: not aware of any security breaches. The Trump campaign hasn't 63 00:03:37,680 --> 00:03:40,760 Speaker 6: responded directly ed Baxter Bloomberg Radio. 64 00:03:41,040 --> 00:03:43,960 Speaker 1: General Motors has been laying off staff in China. We're 65 00:03:44,000 --> 00:03:46,880 Speaker 1: told the company will soon meet with its local partner 66 00:03:47,120 --> 00:03:52,119 Speaker 1: SAIC to plan a larger structural overhaul of its operations 67 00:03:52,120 --> 00:03:54,960 Speaker 1: in China. This seems to be a recognition that GM 68 00:03:55,160 --> 00:03:58,760 Speaker 1: is unlikely to see its China sales return to peak 69 00:03:58,840 --> 00:04:03,400 Speaker 1: levels that we're seeing back in twenty seventeen. Meantime, US 70 00:04:03,480 --> 00:04:06,840 Speaker 1: and Chinese senior economic officials are set to meet for 71 00:04:07,120 --> 00:04:11,200 Speaker 1: economic stability talks. That story from Bloomberg's Bonniau in Hong Kong. 72 00:04:11,360 --> 00:04:14,320 Speaker 7: The officials will meet in Shanghai this week. The talks 73 00:04:14,320 --> 00:04:16,960 Speaker 7: of the so called Financial Working Group will focus on 74 00:04:17,040 --> 00:04:20,760 Speaker 7: macroeconomic and financial stability. They will also talk about the 75 00:04:20,800 --> 00:04:24,360 Speaker 7: governance of the International Monetary Fund and capital markets issues. 76 00:04:24,800 --> 00:04:27,600 Speaker 7: Swap arrangements involving the People's Bank of China will also 77 00:04:27,760 --> 00:04:30,400 Speaker 7: likely be discussed. The meetings are part of an effort 78 00:04:30,400 --> 00:04:33,680 Speaker 7: by the Biden administration to maintain channels of communication with 79 00:04:33,720 --> 00:04:37,560 Speaker 7: its key jeopolitical rival. The US delegation will be made 80 00:04:37,640 --> 00:04:40,400 Speaker 7: up of officials from the Treasury Department, the FED, and 81 00:04:40,480 --> 00:04:44,720 Speaker 7: Securities and Exchange Commission. In Hong Kong, I'm Bonniao Bloomberg Radio. 82 00:04:44,880 --> 00:04:47,880 Speaker 1: Johnson and Johnson has cleared a key hurdle in resolving 83 00:04:48,000 --> 00:04:51,120 Speaker 1: thousands of lawsuits for by people who say J and 84 00:04:51,240 --> 00:04:54,240 Speaker 1: J baby powder gave them cancer. We're told more than 85 00:04:54,240 --> 00:04:56,880 Speaker 1: seventy five percent of this group has signed off on 86 00:04:56,960 --> 00:05:00,600 Speaker 1: a settlement worth some six and a half billion dollars. Now, 87 00:05:00,680 --> 00:05:03,680 Speaker 1: the backing by plaintiffs would help J and J confine 88 00:05:03,760 --> 00:05:07,400 Speaker 1: liability to a special unit set up by the company 89 00:05:07,440 --> 00:05:10,680 Speaker 1: as part of an effort to resolve these lawsuits. Alphabet's 90 00:05:10,680 --> 00:05:13,599 Speaker 1: Google will hold a major hardware launch. We have a 91 00:05:13,600 --> 00:05:15,600 Speaker 1: preview from Bloomberg's Charlie Pellett. 92 00:05:15,800 --> 00:05:19,839 Speaker 8: Google is trying to outshine Apple's annual iPhone launch and 93 00:05:20,080 --> 00:05:24,120 Speaker 8: is letting longtime executive Rick Ostrolo takes at her stage. 94 00:05:24,279 --> 00:05:27,320 Speaker 8: He's the former president of Motorola who joined Google in 95 00:05:27,360 --> 00:05:31,119 Speaker 8: twenty sixteen. He will helm the first major product launch 96 00:05:31,160 --> 00:05:34,240 Speaker 8: after the company this year unified under his leadership the 97 00:05:34,320 --> 00:05:38,880 Speaker 8: teams developing hardware and the Android operating system. In a 98 00:05:38,960 --> 00:05:42,760 Speaker 8: sign of a more aggressive push into consumer devices, Google 99 00:05:42,839 --> 00:05:46,560 Speaker 8: moved up its annual flagship Pixel smartphone launch to August 100 00:05:46,600 --> 00:05:51,600 Speaker 8: from October, preempting the next Apple iPhone debut. In New York, 101 00:05:51,720 --> 00:05:53,920 Speaker 8: Charlie Pellett's Bloomberg Radio, and that. 102 00:05:53,960 --> 00:05:56,120 Speaker 1: Is news when you want it with Bloomberg News. Now, 103 00:05:56,200 --> 00:05:58,200 Speaker 1: I'm deg Krisner, and this is Bloomberg