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Speaker 1: News when you wanted with Bloomberg News Now, I'm Scott Carr.

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Speaker 1: Hurricane Helene has left an enormous path of destruction across

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Speaker 1: Florida and the entire southeastern US, killing at least forty

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Speaker 1: people across four states, snapping trees like twigs, save reports,

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Speaker 1: tearing apart homes, and sending rescue crews on desperate missions

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Speaker 1: to save people from floodwaters. It came ashore as a

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Speaker 1: Category four hurricane, knocking out power to many hospitals in

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Speaker 1: southern Georgia. Governor Brian Kemp says rescuers have been using

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Speaker 1: chainsaws to clear debris and open up roads in a

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Speaker 1: major escalation of a conflict that threatens to engulf the

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Speaker 1: entire Middle East. Israel says it targeted Hezbalal leader Hassan

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Speaker 1: Nasrala with an airstrike on the group's headquarters in southern

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Speaker 1: Bay Route, the Stimpson Center's Kelly Greco tells Bloomberg, and

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Speaker 1: marks the heaviest attack on the Lebanese capital in almost

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Speaker 1: two decades.

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Speaker 2: Both sides, Hesbelah and Israel have been trying to take

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Speaker 2: actions increasingly at gradual escalatory actions, but trying to keep

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Speaker 2: it below the threshold that will result in a full

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Speaker 2: out war, and as they're preceding up this sort of

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Speaker 2: escalation ladder, they're getting closer and closer to that. And

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Speaker 2: I think that that's what this strike is meant to signal,

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Speaker 2: is that Israel is willing to escalate further.

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Speaker 1: That's Kelly Grico from Stimson Center speaking with Bloomberg's Kaylee Lines.

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Speaker 1: The Israeli Defense forces carried out a precise strike on

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Speaker 1: the command center of the Iran backed militant group, located

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Speaker 1: underneath residential buildings. An Israeli official who asked not to

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Speaker 1: be identified, says Israel believes Nosrala was at the site

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Speaker 1: of the attack, though the Hezbolah leaders whereabouts have not

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Speaker 1: been verified. New York City Mayor Eric Adams pleaded not

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Speaker 1: guilty today to federal charges that he accepted lavish travel

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Speaker 1: perks and illegal campaign contributions from foreign nationals. The sixty

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Speaker 1: four year old entered the plea today in federal court

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Speaker 1: in Manhattan, a day after an indictment was unsealed that

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Speaker 1: showed a pattern of alleged conduct that sparked calls for

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Speaker 1: his resignation. The first term Democrat has vound to continue

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Speaker 1: as mayor of the nation's largest city. The Chinese government

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Speaker 1: is ramping up pressure around local companies there to buy

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Speaker 1: locally produced AI chips instead of Nvidia products, as part

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Speaker 1: of the nation's effort to expand its semiconductor industry while

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Speaker 1: countering US sanctions. People familiar Toel Bloomberg, Chinese regulators have

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Speaker 1: been discouraging companies from buying the Nvidia chips used to

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Speaker 1: develop and run AI models, the policies taking the form

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Speaker 1: of guidance rather than an outright ban, as Beijing's trying

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Speaker 1: to avoid handicapping its own AI startups and escalating tensions

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Speaker 1: with the US. Nvidia shares lost more than two percent

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Speaker 1: of value in trading today. Well it's less than a

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Speaker 1: week now, and a dock workers strike could shut down

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Speaker 1: every major container port on the US Atlantic and Gulf coasts,

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Speaker 1: as port employers and the union disagreeing on a range

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Speaker 1: of issues, including whether or not they'll even negotiate. Bloomberg's

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Speaker 1: Charlie Pellett has more.

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Speaker 3: The United States Maritime Alliance is accusing the International Longshoremen's

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Speaker 3: Association of engaging in unfair labor practices and has asked

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Speaker 3: the National Labor Relations Board to require the union to

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Speaker 3: resume bargaining before their contract expires on September thirtieth. The

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Speaker 3: ISLA is threatening to walk out on October first if

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Speaker 3: there is no deal on a new six year contract.

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Speaker 3: The us MX, as the group representing ocean Carriers and

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Speaker 3: terminal Operators is known, alleges the union has repeatedly refused

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Speaker 3: to bargain since canceling negotiations earlier this summer in New York.

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Speaker 3: Charlie Pellett, Bloomberg Radio.

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Speaker 1: Thanks Charlie. The Now finished higher in trading today, gaining

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Speaker 1: a third of a percent, while the SMP lost a

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Speaker 1: tenth of a percent and the Nasdaq dropped by nearly

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Speaker 1: four tenths. This week marked a third straight week of

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Speaker 1: gains overall, as investors received more signs the economy is

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Speaker 1: slowing at a moderate pace. Among the reports this week,

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Speaker 1: the Fed's preferred gauge of underlying US inflation, which we

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Speaker 1: saw rose slightly in August, as did inflation adjusted consumer spending,

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Speaker 1: and a read on US consumer sentiment today matched to

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Speaker 1: the optimism that's news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Scot Karr, and this is Bloomberg,