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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. Republican presidential candidate Donald Trump

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Speaker 1: has tapped Ohio Senator JD. Vance as he's running mate.

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Speaker 1: Bloomberg's Amy Morris has more from Washington.

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Speaker 2: Vance is a venture capitalist turned senator whose embrace of

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Speaker 2: populist politics garnered national attention and made him a rising

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Speaker 2: star in the GOP. Georgia Governor Brian Kemp tells Balance

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Speaker 2: of Power on Bloomberg Television. Vance was a smart choice.

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Speaker 3: Senator.

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Speaker 4: Vance brings an element of youth to this race.

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Speaker 5: The guy's United States senator obviously qualified to serve.

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Speaker 2: Vance is thirty nine, nearly four decades younger than Trump,

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Speaker 2: who's seventy eight, marking a potential generational shift for the party,

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Speaker 2: offering a fresh voice to Republican voters. In Washington, Amy

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Speaker 2: Morris Bloomberg Radio.

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Speaker 1: The JD. Vance pick for the GOP ticket is being

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Speaker 1: cheered in a portion of Silicon Valley. Bloomberg's Ed Baxter

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Speaker 1: reports from San Francisco.

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Speaker 6: Much of the area here has been a liberal bastion,

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Speaker 6: a Democratic stronghold, but recently a louder voice is being

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Speaker 6: heard here in the valley that of smaller tech and

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Speaker 6: venture capital. Vance has been there and today summon Tech

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Speaker 6: sharing one of their own closer to the Oval office.

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Speaker 6: Elon Musk saying great choice, David Sachs calling Vance an

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Speaker 6: American patriot, Peter Teel who has had his on and

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Speaker 6: off relationship sharing the pick. And of course, the GOP

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Speaker 6: hope is that some of these techies will pony up

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Speaker 6: when it comes to financial support. In San Francisco, I'm

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Speaker 6: at Baxter Bloomberg Radio.

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Speaker 1: Meantime, JD. Vance says branded China the biggest threat to

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Speaker 1: the United States. He made the charge during a Fox

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Speaker 1: News interview after being named Trump's running mate. When asked

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Speaker 1: about the war in Ukraine, Vance said that Trump would

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Speaker 1: negotiate with Moscow and Kiev to bring the issue to

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Speaker 1: a rapid close. He said, then the US could focus

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Speaker 1: on the real issue, which he said is China. Former

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Speaker 1: President Trump has notched another legal victory. We get the

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Speaker 1: story from Bloomberg's Nathan Hager in Washington.

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Speaker 4: The classified documents case over secret papers found at Trump's

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Speaker 4: Mar A Lago home two years ago has been dismissed

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Speaker 4: in a ninety three page order US District Judge Alien

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Speaker 4: Cannon ruled the appointment of Jack Smith as special counsel

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Speaker 4: was unconstitutional because Congress did not give Attorney General Merrick

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Speaker 4: Garland clear authority or funding for the appointment. The decision

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Speaker 4: caps a string of legal wins for Trump, including the

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Speaker 4: Supreme Court's decision that presidents are at least partially immune

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Speaker 4: from prosecution for legal acts. The Justice Department is expected

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Speaker 4: to appeal this decision. In Washington, I'm Nathan Hager Bloomberg Radio.

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Speaker 1: The Secret Service is coming under intense scrutiny after the

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Speaker 1: attempt on former President Trump's life. President Biden said that

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Speaker 1: he called for an independent review of security at Saturday's rally.

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Speaker 1: Former Trump national security advisor John Bolton says the President

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Speaker 1: was right to do so.

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Speaker 7: We're fortunate that Trump was only wounded. Its tragedy that

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Speaker 7: one of the spectators was killed, but we need to

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Speaker 7: do the review of this in a calm way. I

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Speaker 7: think do it quickly as well, because there are already

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Speaker 7: conspiracy theories about what happened on Saturday that I think

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Speaker 7: are looting tunes. But I don't think they're going to

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Speaker 7: go away until we have an independent, objective review.

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Speaker 1: Former White House National Security Advisor John Bolton. Meantime, President

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Speaker 1: Biden has downplayed the age concern. He's spoke in an

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Speaker 1: NBC interview.

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Speaker 5: The idea that I'm the old guy. I am. I'm old,

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Speaker 5: but I'm only three years older than Trump number one

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Speaker 5: and number two. My mental acuity has been pretty damn good.

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Speaker 5: I've gotten more done than any president has in a

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Speaker 5: long long time in three and a half years. So

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Speaker 5: I'm willing to be judged on that. I understand. I

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Speaker 5: understand why people say, God, he's eighty one years old.

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Speaker 5: What's he going to be when he's eighty three years old?

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Speaker 5: Eighty four years so legitimate question from that.

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Speaker 1: Biden also defended his suggestion that Donald Trump should be

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Speaker 1: quote put in the bullseye. The comment was made after

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Speaker 1: the assassination attempt on his Republican opponent. Ukrainian President Vladimir

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Speaker 1: Zelensky says the country needs twenty five Patriot air defense

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Speaker 1: systems to fully defend its airspace from Russian missile attacks.

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Speaker 1: Bloomberg's Karen Moscow has details.

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Speaker 3: Along with the Patriot missiles, Zelenski says he also wants

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Speaker 3: Western partners to send more F sixteen warplanes than what's

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Speaker 3: already been pledged. Zelenski made the comments in his first

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Speaker 3: news conference since returning from a trip to the United States.

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Speaker 3: He went on to say he's ready to work with

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Speaker 3: Donald trumpath he wins the November election. He added that

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Speaker 3: he's convinced that most Republicans support Ukraine and its war

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Speaker 3: with Russia. Karen Moscow Bloomberg Radio.

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Speaker 1: FED chair Jerome Powell says recent data suggests that inflation

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Speaker 1: is moving toward the Fed's goal.

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Speaker 8: What we've said is that we didn't think it would

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Speaker 8: be appropriate to begin to loosen policy until we were

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Speaker 8: more we had greater confidence than inflation was moving sustainably

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Speaker 8: down to We've been waiting on that, and I would

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Speaker 8: say we didn't gain any additional confidence in the first quarter,

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Speaker 8: but the three readings in the second quarter, including the

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Speaker 8: one from last week, do add somewhat the confidence.

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Speaker 1: Pal speaking at the Economic Club of Washington, Pal added

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Speaker 1: that an unexpected weakening in the labor market could also

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Speaker 1: be a reason for the FED to react. The FOMC

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Speaker 1: will hold its next policy meeting July thirtieth and thirty.

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Speaker 1: First I Earning's News Goldman Sachs reported a surge in

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Speaker 1: the second quarter as the big bank reporting season rules on.

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Speaker 1: Let's get an update from bloombergs Shanali Bossak.

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Speaker 9: You have trading beating expectations on fixed income by a landslide,

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Speaker 9: and equity trading as well, not only beating expectations but

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Speaker 9: coming in over where JP Morgan came in just last week,

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Speaker 9: as well as over where Morgan Stanley is expected to

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Speaker 9: come in tomorrow. A big chance here that Goldman becomes

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Speaker 9: the top player in equities trading once again, driven higher

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Speaker 9: by derivatives products here as well as financing of institutional

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Speaker 9: clients such as hedge funds.

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Speaker 1: Bloomberg Shanali boss Sak. Shares of Goldman Sachs were up

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Speaker 1: two point six percent at the close. That's news when

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Speaker 1: you want it with Bloomberg News now. I'm Brian Curtis.

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Speaker 1: This is Bloomberg