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

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Speaker 1: made Colleggy. Evacuation orders expanded northward Friday evening through the

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Speaker 1: Supulita Pass and into the San Fernando Valley as the

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Speaker 1: Palisades fire remained at only eight percent containment. Disney says

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Speaker 1: it will donate fifteen million dollars to respond to the

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Speaker 1: Los Angeles area fires and help rebuild. The company announced

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Speaker 1: the donation's Friday afternoon, and said the money would be

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Speaker 1: spread across several groups, including the American Red Cross, the

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Speaker 1: Los Angeles Fire Department Foundation, and the Los Angeles Regional

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Speaker 1: Food Bank. Three days after the fire began raging in

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Speaker 1: the Pacific Palisades of Los Angeles, residents are still required

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Speaker 1: to stay away from the wealthy enclave, but some are

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Speaker 1: ignoring the mandatory evacuation orders, slipping past roadblocks and witnessing

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Speaker 1: the devastation firsthand. Nighttime curfews for the Pacific Palisades area

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Speaker 1: are now in effect. The US Supreme Court heard arguments

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Speaker 1: on the looming deadline Congress set for TikTok to sever

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Speaker 1: its connection with its Chinese founder by dance. The Justice

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Speaker 1: Department's top appellate lawyer, Solicitor General Elizabeth Preloger defended the law.

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Speaker 2: China is a foreign adversary nation that looks for every

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Speaker 2: opportunity it has to weaken the United States and to

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Speaker 2: try to threaten our national security. And if it has

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Speaker 2: control over this key communications channel, it's hard to predict

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Speaker 2: exactly how it's going to use that as a tool

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Speaker 2: to harm our interests, but we know it's going to try.

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Speaker 1: Lawyer Noel Francisco argued that TikTok Usa has the same

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Speaker 1: free speech rights as any American publication.

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Speaker 3: You actually have a bona fide us company. It is

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Speaker 3: not simply a Chinese cutout. I do not think that

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Speaker 3: they have a compelling government interest in the manipulation of content.

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Speaker 3: I think that is in the teeth of the First

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Speaker 3: Amendment and the fear that the content could be critical

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Speaker 3: of the United States government or could undermine our democracy.

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Speaker 1: Chief Justice John Roberts then raised the central issue.

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Speaker 4: The ultimate company that controls it ByteDance, was found by

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Speaker 4: Congress to ensure that the Chinese government has the power

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Speaker 4: to access and controlled private data. So are we supposed

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Speaker 4: to ignore the fact that the ultimate parent is in

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Speaker 4: fact subject to doing intelligence work for the Chinese government.

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Speaker 1: Chief Justice John Roberts. Former Central Banker Mark Carney is

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Speaker 1: poised to announce that he is jumping into the race

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Speaker 1: to succeed Justin Trudeau as leader of the Liberal Party

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Speaker 1: and Canadian Prime Minister. Carney is preparing an announcement for

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Speaker 1: late next week now that the party has set out

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Speaker 1: the rules of the contest. This according to a person

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Speaker 1: familiar with his plans, speaking on condition of anonymity. The

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Speaker 1: former governor of the Bank of Canada and the Bank

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Speaker 1: of England will likely be up against former Finance Minister

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Speaker 1: Christia Freeland and ex British Columbia Premier Christy Clark, both

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Speaker 1: of whom are contemplating a run. Mark Karney is the

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Speaker 1: chair of the board of Bloomberg Incorporated. President Joe Biden's

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Speaker 1: administration extended temporary protected status for six hundred thousand Venezuelans

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Speaker 1: and more than two hundred thousand Salvadorians in the US,

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Speaker 1: just ten days before Donald Trump takes office, vowing a

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Speaker 1: crackdown on immigration. The extension enables the migrants to remain

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Speaker 1: eighteen more months. The Department of Homeland Security said this Friday,

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Speaker 1: signing the inhumane government of Venezuelan President Nicholas Maduro, who

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Speaker 1: was sworn in the same day for his third six

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Speaker 1: year term. DHS also issued protections for about one hundred

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Speaker 1: thousand people from Ukraine and nineteen hundred from Sudan. President

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Speaker 1: Delike Donald Trump has been formally sentenced in his New

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Speaker 1: York hush money case, no jail time and no probation

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Speaker 1: from the trial judge who convicted him on thirty four

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Speaker 1: felon accounts. Bloomberg Law host June Grosso says this was

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Speaker 1: no surprise.

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Speaker 5: This is what the judge had said he was going

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Speaker 5: to do. He was going to sentence him to an

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Speaker 5: unconditional release. There was not going to be any kind

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Speaker 5: of prison time, no penalties, no fines, nothing. It's just

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Speaker 5: the stigma of now being a convicted felon and in

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Speaker 5: ten days being the first president to be sworn in

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Speaker 5: as the President of the States as a convicted felon.

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Speaker 1: Bloomberg's June Grosso college football semi final at the Cotton Bowl,

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Speaker 1: Ohio State defeated Texas twenty eight fourteen. The Buckeyes will

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Speaker 1: now meet the Fighting Irish of Notre Dame for the

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Speaker 1: College Football National Championship. The news business is facing its

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Speaker 1: next enormous challenge. Eight reasons to be both optimistic and paranoid.

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Speaker 1: How journalism will adapt in the age of AI. You

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Speaker 1: can read all about it in Bloomberg's weekend edition, exploring

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Speaker 1: the places where finance, life and culture meet. Find it

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Speaker 1: now on Bloomberg dot Com and the Bloomberg Business app.

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Speaker 1: The Friday number is on Wall Street. The downfall six

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Speaker 1: ninety six, NASDAK dropped three seventeen, The S and P

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Speaker 1: lost ninety one. That's news when you want it with

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Speaker 1: Bloomberg News Now, I made KLEGGI. This is Bloomberg