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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: News when you want it With Bloomberg News Now, I'm

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Speaker 2: Brian Curtis in Hong Kong. The US Supreme Court has

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Speaker 2: agreed to rule on Donald Trump's claim of immunity while

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Speaker 2: he was president. Bloomberg's Ed Baxter has the story.

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Speaker 3: This case will involve the potential immunity from criminal prosecution

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Speaker 3: and will be historic. It will determine whether Trump will

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Speaker 3: stand trial for the twenty twenty election interference charges. The

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Speaker 3: ruling also puts on hold the Washington d C. Election

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Speaker 3: interference trial, which was due to start next week. Trump

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Speaker 3: has been pushing to put off any trials until after

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Speaker 3: the election. The court says we'll hear arguments the week

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Speaker 3: of April twenty second, when the court will rule. As

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Speaker 3: a question though it usually hands down its decisions at

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Speaker 3: the end of its term in late June, but it

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Speaker 3: could expedite things. Ed Baxter Bloomberg Radio.

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Speaker 2: US regulators are giving Boeing ninety days to devise a

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Speaker 2: plan to fix what they call systemic quality control issues.

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Speaker 2: Bloomberg's Karen Moscow has more.

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Speaker 4: In a statement, FAA administrator Mike Whitaker said Boeing must

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Speaker 4: commit to real and profound improvements, and at the company

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Speaker 4: will be held accountable every step of the way. The

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Speaker 4: deadline follows a blunt assessment this week of shortfalls in

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Speaker 4: Boeing safety culture. After a year long examination by a

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Speaker 4: panel of experts, the report was commissioned by Congress in

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Speaker 4: late twenty twenty two. It found that the steps the

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Speaker 4: planemaker had taken a bolster safety following two seven thirty

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Speaker 4: seven Max crashes were not working as intended, and cautioned

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Speaker 4: of a disconnect between senior executives and other workers. Karen

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Speaker 4: Moscow Bloomberg Radio.

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Speaker 2: A veteran Israeli politician, is warning Prime Minister Benjamin Netanyahu

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Speaker 2: not to go after Hamas in the southern Gaza city

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Speaker 2: of Rafa. Former Prime Minister Ehud Olmert delivered the warning

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Speaker 2: in an interview with Bloomberg's Paul Wallace. Paul joins us

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Speaker 2: from Dubai with more.

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Speaker 5: He said that the most immediate concern for Israel would

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Speaker 5: be each At potentially revoking its peace deal with Israel,

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Speaker 5: something that's been in place for forty forty five years now,

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Speaker 5: since nineteen seventy nine. I asked them if if Egypt

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Speaker 5: did that way, that would mean that Egypt attacks is well,

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Speaker 5: and he said, no, that's not what he's talking about.

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Speaker 2: The former Prime minister said that Israeli intelligence would take

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Speaker 2: a hit if Egypt were to decide to pull its

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Speaker 2: ambassador from Israel. Congressional leaders have reached a last minute

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Speaker 2: deal to avoid a disruptive US government shutdown. The deal

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Speaker 2: would provide one week of temporary funding to avert a

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Speaker 2: March second partial shutdown. The deal would also fund parts

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Speaker 2: of the government out through September thirtieth. The remainder of

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Speaker 2: the US government, including the Defense and Homeland Security departments,

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Speaker 2: would still face a potential March twenty third shutdown. Hardline Republicans,

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Speaker 2: including Representative Ralph Norman of South Carolina, have condemned the deal.

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Speaker 2: They said it's an insult to the American people. Congress

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Speaker 2: would vote in the coming days on the deal. New

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Speaker 2: York Fed President John Williams said the US Central Bank

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Speaker 2: will likely cut its benchmark lending rate later this year. However,

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Speaker 2: as we've heard from other Fed officials, the outlook is

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Speaker 2: data dependent.

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Speaker 5: A sign of success to me is that, you know,

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Speaker 5: with inflation coming down and the economy so strong, that

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Speaker 5: we can be thinking about doing that.

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Speaker 1: I would say later this.

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Speaker 2: Year, John Williams. He added that rate moves won't need

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Speaker 2: to be time to FOMC meetings at which officials update

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Speaker 2: their quarterly economic forecasts. Disney and India's Reliance Industries have

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Speaker 2: signed an agreement to merge their media operations in India.

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Speaker 2: The joint venture will be granted exclusive rights to distribute

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Speaker 2: Disney films and productions in India, and it will create

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Speaker 2: a streaming powerhouse. The venture will hold a license to

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Speaker 2: distribute more than thirty thousand Disney titles. Reliance will also

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Speaker 2: invest another one point four billion dollars as growth cap.

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Speaker 2: Agreement suggests that Disney is changing its strategy in trying

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Speaker 2: to attract viewers in India. The combined entity will have

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Speaker 2: the muscle to take on global competitors such as Netflix

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Speaker 2: and Amazon Prime Video. Chinese regulators are said to be

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Speaker 2: targeting quantitative hedge funds once again. Bloomberg's Joan Wong has

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Speaker 2: more from Hong Kong.

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Speaker 1: Sources say the funds are being told to face out

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Speaker 1: direct market access products. The products typically use swap contracts

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Speaker 1: and are often highly leveraged. Is a strategy that enabled

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Speaker 1: quomp funds to boost returns in twenty twenty three, but

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Speaker 1: it also led to US dock market sell off. This year,

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Speaker 1: the China Securities Regulatory Commission vowed to strengthen the regulation

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Speaker 1: of such products. The statement also says the CSRC will

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Speaker 1: guide funds in controlling the size and leverage of the business.

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Speaker 1: Sources say the gradual exit will help prevent drastics sell

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Speaker 1: offs in Hong Kong, To and Wong Bloomberg.

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Speaker 2: Radio, That's news when you want it with Bloomberg News Now.

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Speaker 2: I'm Brian Curtis. This is Bloomberg