1
00:00:02,400 --> 00:00:08,560
Speaker 1: Bloomberg Audio Studios, podcasts, radio, news.

2
00:00:09,400 --> 00:00:12,319
Speaker 2: News When you wanted with Bloomberg News Now, I'm Brian

3
00:00:12,400 --> 00:00:15,440
Speaker 2: Curtis in Hong Kong. The US Supreme Court says Donald

4
00:00:15,440 --> 00:00:19,239
Speaker 2: Trump can appear on presidential ballots this year. Bloomberg's June

5
00:00:19,280 --> 00:00:21,080
Speaker 2: Grasso with more on the decision.

6
00:00:21,360 --> 00:00:25,680
Speaker 3: After hearing the oral arguments, anyone thought anything but that

7
00:00:25,760 --> 00:00:28,440
Speaker 3: the Supreme Court was going to allow Donald Trump to

8
00:00:28,480 --> 00:00:33,159
Speaker 3: be on the ballot this year. All the justices across

9
00:00:33,200 --> 00:00:36,840
Speaker 3: the ideological lines found a lot of problems with having

10
00:00:36,920 --> 00:00:42,760
Speaker 3: a single state make a determination not only for it's citizens,

11
00:00:42,760 --> 00:00:45,080
Speaker 3: but also for the rest of the country. So that

12
00:00:45,200 --> 00:00:47,440
Speaker 3: was the idea. You didn't want different states to do

13
00:00:48,720 --> 00:00:49,440
Speaker 3: different things.

14
00:00:49,640 --> 00:00:53,000
Speaker 2: Americans should expect yet another update of the COVID nineteen

15
00:00:53,200 --> 00:00:57,760
Speaker 2: vaccine this fall. Centers for Disease Control and Prevention director

16
00:00:57,800 --> 00:01:00,280
Speaker 2: Mandy Cohen said the shot will come at the same

17
00:01:00,360 --> 00:01:01,760
Speaker 2: time as the flu shots.

18
00:01:02,040 --> 00:01:05,480
Speaker 1: The reason for it is because this virus continues to change.

19
00:01:05,640 --> 00:01:07,680
Speaker 1: That's okay, we can stay one step ahead of it.

20
00:01:07,720 --> 00:01:10,160
Speaker 1: We have the tools to do it, we just need

21
00:01:10,200 --> 00:01:13,560
Speaker 1: to use them. So FDA CDC has started that process,

22
00:01:13,640 --> 00:01:15,759
Speaker 1: just like we do with the flu shot. We've started

23
00:01:15,760 --> 00:01:19,320
Speaker 1: that process to update the COVID vaccine already for this fall.

24
00:01:19,760 --> 00:01:23,720
Speaker 2: CDC director Mandy Cohen. Researchers are working on selecting a

25
00:01:23,840 --> 00:01:27,320
Speaker 2: strain for the upcoming version and will probably wait until

26
00:01:27,400 --> 00:01:31,320
Speaker 2: May to pick one to target with vaccines well. Singapore

27
00:01:31,360 --> 00:01:35,080
Speaker 2: has defended its strategy of offering incentives to secure Taylor

28
00:01:35,160 --> 00:01:40,040
Speaker 2: Swift's exclusive concerts in Southeast Asia. TI Prime Minister Trenta

29
00:01:40,120 --> 00:01:43,720
Speaker 2: Topsen said that Singapore had offered the singer's subsidies of

30
00:01:43,800 --> 00:01:47,400
Speaker 2: up to three million dollars for each concert to ensure

31
00:01:47,720 --> 00:01:50,520
Speaker 2: that Swift does not take her era's tour anywhere else

32
00:01:50,600 --> 00:01:53,640
Speaker 2: in the region. China has said its economic growth target

33
00:01:53,720 --> 00:01:57,680
Speaker 2: for this year at around five percent. Authorities will issue

34
00:01:57,680 --> 00:02:00,480
Speaker 2: one trillion u on or one hundred third thirty nine

35
00:02:00,480 --> 00:02:04,680
Speaker 2: billion dollars of ultra long special Central Government bonds. This

36
00:02:04,880 --> 00:02:07,680
Speaker 2: is part of a ramp up in fiscal stimulus. The

37
00:02:07,760 --> 00:02:10,480
Speaker 2: GDP target is the same as last year, but it

38
00:02:10,520 --> 00:02:13,160
Speaker 2: may be more difficult to attain this year given the

39
00:02:13,400 --> 00:02:17,079
Speaker 2: less favorable comparisons than we had last year. We get

40
00:02:17,080 --> 00:02:19,520
Speaker 2: more and now from Bloomberg's Rebecca Chong Wilkins.

41
00:02:19,639 --> 00:02:22,680
Speaker 4: Despite sort of the pessivism around you know how we

42
00:02:22,760 --> 00:02:26,760
Speaker 4: get there. Policymakers did appear quite confident, actually quite cool,

43
00:02:26,760 --> 00:02:29,840
Speaker 4: calm and collected last year, think about Lee and so on.

44
00:02:29,919 --> 00:02:32,639
Speaker 4: Speaking about how they got to five percent last year,

45
00:02:32,680 --> 00:02:34,800
Speaker 4: they seemed pretty comfortable with the fact that they were

46
00:02:34,840 --> 00:02:37,760
Speaker 4: able to get that without any kind of big stimulus.

47
00:02:37,840 --> 00:02:40,679
Speaker 4: That's a disappointment for some investors, but does suggest the

48
00:02:40,760 --> 00:02:42,560
Speaker 4: kind of element of confidence in Beijing.

49
00:02:43,000 --> 00:02:47,160
Speaker 2: That's Rebecca Chong Wilkins and China's budget deficit is projected

50
00:02:47,160 --> 00:02:50,720
Speaker 2: at three percent of GDP for twenty twenty four. The

51
00:02:50,720 --> 00:02:53,640
Speaker 2: European Union has hit Apple with a two billion dollar

52
00:02:53,760 --> 00:02:58,000
Speaker 2: fine for allegedly abusing its dominant position in the music

53
00:02:58,080 --> 00:03:01,760
Speaker 2: streaming app market By is a result of an investigation

54
00:03:01,880 --> 00:03:06,600
Speaker 2: into allegations that Apple shut out music streaming rivals, including Spotify,

55
00:03:06,680 --> 00:03:11,959
Speaker 2: on his platforms. EU ANA Trust chief Marguerite Vestager highlighted

56
00:03:12,000 --> 00:03:14,360
Speaker 2: the consumer impact of Apple's actions.

57
00:03:14,639 --> 00:03:18,880
Speaker 5: It has impacted millions of European consumers. They were not

58
00:03:19,080 --> 00:03:22,320
Speaker 5: able to make a free choice as to where how

59
00:03:22,560 --> 00:03:26,320
Speaker 5: an network prices to buy music screaming subscriptions.

60
00:03:26,760 --> 00:03:30,040
Speaker 2: The EU crackdown on Apple's app store runs alongside new

61
00:03:30,120 --> 00:03:33,639
Speaker 2: rules aimed at tackling market abuses before they take root.

62
00:03:34,120 --> 00:03:37,520
Speaker 2: Under the Digital Markets Act, which comes into effect this week,

63
00:03:37,880 --> 00:03:40,160
Speaker 2: it will be illegal in the EU for the most

64
00:03:40,160 --> 00:03:43,880
Speaker 2: powerful tech firms to favor their own services over their rivals.

65
00:03:44,720 --> 00:03:47,360
Speaker 2: The head of the Atlanta FED, Raphael Bostik, is not

66
00:03:47,520 --> 00:03:50,800
Speaker 2: expecting back to back rate cuts. He has penciled in

67
00:03:50,960 --> 00:03:54,520
Speaker 2: a cut for the third quarter, but afterwards he expects

68
00:03:54,600 --> 00:03:59,440
Speaker 2: a pause to assess meantime. Muriel Rabini, CEO of Rabini Macro,

69
00:03:59,560 --> 00:04:03,280
Speaker 2: expressed to optimism on US growth and that could post

70
00:04:03,320 --> 00:04:04,560
Speaker 2: a challenge for the FED.

71
00:04:04,840 --> 00:04:07,120
Speaker 6: People talk about the soft landing, but actually there is

72
00:04:07,160 --> 00:04:11,080
Speaker 6: a serious possibility of what people refer to as no landing.

73
00:04:11,160 --> 00:04:16,279
Speaker 6: That growth remains above potential, a reflation remains sticky. Paradoxically,

74
00:04:16,320 --> 00:04:18,800
Speaker 6: the good news on growth maybe bad news for the

75
00:04:18,839 --> 00:04:21,279
Speaker 6: market if that implies the FED is not going to

76
00:04:21,320 --> 00:04:23,160
Speaker 6: cut as much and as soon as people expect.

77
00:04:23,320 --> 00:04:27,080
Speaker 2: Neurial Robini, CEO of Roubini Macro, that's news when you

78
00:04:27,160 --> 00:04:30,520
Speaker 2: want it. With Bloomberg News Now, I'm Brian Curtis. This

79
00:04:30,800 --> 00:04:31,400
Speaker 2: is Bloomberg