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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. At least sixteen people have

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Speaker 1: been killed in a mass shooting in Lewiston, Maine. The

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Speaker 1: White House says President Biden has been briefed on the

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Speaker 1: mass shooting. Mainstay police have ordered residents in the city

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Speaker 1: to shelter in place because of an active shooter situation.

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Speaker 1: The United Autoworkers says it has reached a tentative labor

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Speaker 1: agreement with Ford Motor. Here's UAW President Sean Fain. With

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Speaker 1: the announcement, Ford.

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Speaker 2: Knew what was coming for them on Wednesday. If we

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Speaker 2: didn't get a deal, that was checkmate. On day forty

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Speaker 2: of the stand up strike, we reached a historic agreement.

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Speaker 1: Ford agreed to a record twenty five percent hourly wage

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Speaker 1: hike over the life of the contract that exceeds four years.

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Speaker 1: The top pay will be around forty two dollars per hour.

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Speaker 1: The breakthrough puts pressure on Ford's two chief rivals, General

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Speaker 1: Motors and Stallantis to try to reach deals. Where told

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Speaker 1: GM and Stalantis we'll meet with the UA on Thursday.

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Speaker 1: Well separately, Stillantis has agreed to acquire a stake in

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Speaker 1: Chinese evy firm Leapmotor Technologies. The value of the investment

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Speaker 1: is one point one billion dollars. Meantime, Republicans have installed

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Speaker 1: little known Trump ally Mike Johnson as US House Speaker.

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Speaker 1: This cements the party's right word shift and ends a

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Speaker 1: messy three week succession fight that paralyzed legislative work. Johnson

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Speaker 1: was the Republican Party's fourth speaker nominee since former Speaker

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Speaker 1: Kevin McCarthy was ousted. Some Democrats have said that they

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Speaker 1: expect little change from Republicans with Johnson as the leader.

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Speaker 1: Donald Trump has been fined a second time for violating

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Speaker 1: the gag order in his New York trial. Bloomberg's Ed

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Speaker 1: Baxter has the story.

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Speaker 3: The judge in Trump's civil fraud trial has fined him

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Speaker 3: ten thousand dollars, saying he violated a limited gag order

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Speaker 3: barring personal attacks on court staffers. Trump was called to

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Speaker 3: the witness stand to explain his comment that quote a

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Speaker 3: person who's very part of san sitting alongside the judge

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Speaker 3: in this case. Trump said he and his attorneys repeated

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Speaker 3: the comment was aimed at Michael Cohen and not the

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Speaker 3: judges clerk ripple effect, though after federal prosecutors pointed to

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Speaker 3: this to keep a gag order in place in the

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Speaker 3: DC election obstruction case. Ad Baxter Bloomberg Radio.

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Speaker 1: Shares of Meta Platforms fell three percent in late trading.

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Speaker 1: The company warned its advertising business depends heavily on the

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Speaker 1: macro economic environment. That was mentioned on the call with analysts,

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Speaker 1: and Bloomberg's Alex Barinka gives us some context.

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Speaker 4: As soon as that call started and as soon as

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Speaker 4: some questions came in about conflicts in Gaza and in

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Speaker 4: Ukraine and how that can impact kind of the broader environment,

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Speaker 4: we saw some comments from CFO Susan Lee basically cautioning

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Speaker 4: on volatility and in the landscape, in the macro landscape,

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Speaker 4: and she said the revenue outlook is uncertain, and.

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Speaker 1: That's Alex Barinka. For the latest quarter, the results were

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Speaker 1: above forecasts as Meta appeared to recover from struggles in

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Speaker 1: its advertising business. Third quarter sales were thirty four point

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Speaker 1: two billion dollars and that was seven hundred million above estimates.

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Speaker 1: Sk Heinez, the Korean chip maker, has reported a more

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Speaker 1: moderate decline in revenue for the third quarter. Revenue dropped

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Speaker 1: seventeen percent to nine point zero seven trillion one compared

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Speaker 1: with analyst estimates of eight point one four trillion, and

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Speaker 1: that was an improvement over a forty seven percent slide

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Speaker 1: in the previous quarter. Elsewhere, IBM reported better than expected sales.

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

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Speaker 2: It suggests the company's focus on software and hybrid cloud

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Speaker 2: services is producing positive results. Third quarter sales gained four

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Speaker 2: point six percent to fourteen point eight billion dollars. Analyst

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Speaker 2: on average estimated fourteen point seven billion. As part of

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Speaker 2: its transformation, IBM has divest did it's managed infrastructure, weather,

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Speaker 2: and health businesses in recent years.

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Speaker 1: Bloomberg's Charlie Pellett, that's news when you want it with

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Speaker 1: Bloomberg News Now. I'm Brian Curtis. This is Bloomberg