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

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Speaker 1: Doug Chrisner. We begin with the latest on US tariffs.

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Speaker 1: The White House says President Trump will officially unveil country

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Speaker 1: based tariffs on Wednesday. At a Rose Garden event today,

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Speaker 1: the President touted what he sees as the efficacy of

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Speaker 1: his tariff threats. He said there will be at least

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Speaker 1: five trillion dollars of total investment in the US soon.

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Speaker 1: Here is Trump speaking earlier with reporters in the Oval Office.

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Speaker 2: Apple's at five hundred billion, as I said. But they

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Speaker 2: always used to spend their money in China. Now they're

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Speaker 2: spending it year. That means they're going to book They

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Speaker 2: don't have any test. Remember, there are no tariffs if

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Speaker 2: you do your product here, if you build whatever it

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Speaker 2: is in the USA.

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Speaker 1: That is President Trump speaking earlier from the Oval Office. Earlier,

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Speaker 1: Press Secretary Caroline Levitt said the President is also committed

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Speaker 1: to implementing sectoral duties. However, she did say they will

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Speaker 1: not be the focus of the April second event, and

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Speaker 1: she deferred to President Trump about the timing of those levees,

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Speaker 1: and Levitt declined to provide details when asked about the

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Speaker 1: rate of those reciprocal tariffs and which countries would be hit.

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Speaker 1: Commerce Secretary Howard Lutnick has signaled he could withhold grants

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Speaker 1: promised under the US Chips Act. We are told Lutnik

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Speaker 1: is pushing for companies in line for federal semiconductor subsidies

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Speaker 1: to substantially expand their projects in the US. Senate Minority

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Speaker 1: Leader Chuck Schumer was in Staten Island today with a

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Speaker 1: warning to residence for New York City's most conservative leaning borough.

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Speaker 1: He says cuts to Medicaid would devastate the elderly while

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Speaker 1: also putting healthcare jobs at risk. Here, Schumer speaking to

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Speaker 1: reporters at a local nursing home.

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Speaker 3: A lot of people directly get Medicaid, but so many

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Speaker 3: others who were middle class families have parents in facilities

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Speaker 3: like this, in nursing homes and assisted living facilities. If

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Speaker 3: Medicaid were cut, these facilities would close. The director here

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Speaker 3: told me that if Medicaid is cut, he's going to

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Speaker 3: have to close.

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Speaker 1: That is Senator Chuck Schumer speaking there. As the federal

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Speaker 1: government does proceed with its DOGE cost cutting plan, Medicaid

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Speaker 1: and Social Security could be on the chopping block. Earlier

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Speaker 1: this month, Elon Musk referred to entitlements as the big

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Speaker 1: one to cut, saying it could save the government upwards

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Speaker 1: of five hundred billion dollars. Now, the Department of Government

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Speaker 1: Efficiencies efforts has faced a number of hurdles, including mounting

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Speaker 1: legal challenges as well as opposition from Democratic lawmakers. We

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Speaker 1: go to France next, where a court in Paris sent

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Speaker 1: shock waves through French politics. Earlier today, far right leaner

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Speaker 1: Marine Leapin has been found guilty of embezzlement and barred

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Speaker 1: from running for office for the next five years. Bloomberg

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Speaker 1: Stephen Carroll tells us this could set up a power

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Speaker 1: of vacuum ahead of the next presidential election in twenty

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Speaker 1: twenty seven.

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Speaker 4: We'll be looking to see whether jo Dan Bardella, who

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Speaker 4: is seen as really the next leading figure in the party,

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Speaker 4: will take over as the Naser Ali's candidate in the

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Speaker 4: presidential elections. He doesn't poll quite as strongly asthma In

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Speaker 4: Lapan does. He hasn't been around quite frankly on the

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Speaker 4: blisical scene as long he's under thirty, as oppose to

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Speaker 4: Marie Lapan, who's been such a leading figure in French

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Speaker 4: politics over the coming years.

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Speaker 1: That is Bloomberg. Stephen Carroll. Now Lapen's lawyer is promising

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Speaker 1: to appeal, but that process might not be complete before

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Speaker 1: the next election. SpaceX has sent a four person team

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Speaker 1: of civilian astronauts into orbit dubbed From two. This mission

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Speaker 1: will be the first human spaceflight to fly over the

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Speaker 1: Earth's poles. Keith Cowing is editor at NASA Watch.

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Speaker 5: You have an interesting mission here. This spacecraft, the Dragon

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Speaker 5: spacecraft has flown many times, so it's a proven vehicle.

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Speaker 5: Normally it goes to the International Space Station, or it

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Speaker 5: goes into an orbit that's sort of over you know,

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Speaker 5: most of North America, the Asia.

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Speaker 1: That is Keith Cowing of NASA Watch. Now. Since launching

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Speaker 1: its first two person crew of astronauts into space in

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Speaker 1: twenty twenty, SpaceX has conducted thirteen human spaceflight missions. Those

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Speaker 1: include nine crewede missions for NASA and four commercial missions.

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Speaker 1: SpaceX is slated to launch its next commercial flight as

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Speaker 1: soon as August twenty sixth. That's when a mission called

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Speaker 1: Polaris Dawn is slated to perform the first ever private

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Speaker 1: spacewalk in the NCAA Women's Elite eight Texas b TCU

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Speaker 1: by a score of fifty eight to forty seven and

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Speaker 1: Yukon topped USC seventy eight to sixty four. That is

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

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Speaker 1: Doug Chrisner, and this is Bloomberg