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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. China's President She Jinping is

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Speaker 1: now in San Francisco. He was greeted at the airport

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Speaker 1: by Treasury Secretary Janet Yellen and California Governor Gavin Newsom.

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Speaker 1: Presidents Biden and She will meet tomorrow for the first

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Speaker 1: time in a year. President Biden is hoping for constructive talks.

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Speaker 2: We're not trying to decouple from China, but we're What

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Speaker 2: we're trying to do is change the relationship for the better.

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Speaker 1: Biden said that she needs to ease the criteria for

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Speaker 1: American companies to invest in China and not require these

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Speaker 1: companies to turn over trade secrets. He also said the

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Speaker 1: US is interested in helping China's struggling economy, but not

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Speaker 1: at the expense of American intellectual property. Meantime, some of

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Speaker 1: the biggest names in American business are attending the APEX Summit,

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Speaker 1: and they'll have an audience with President she and other

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Speaker 1: Asian leaders at a dinner. The CEOs include City Group's

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Speaker 1: Sane Fraser, Exxon's Darren Woods, Microsoft site Ya Nedella, and

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Speaker 1: Tesla's Elon Musk We get more from Bloomberg's and.

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Speaker 3: Kate's a CEO. Someone on the sidelines of the APEC

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Speaker 3: meeting will coincide with the most challenging trade climate in

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Speaker 3: a generation. From tech to logistics to oil and finance,

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Speaker 3: companies are struggling to maintain access to Chinese customers even

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Speaker 3: as they try to navigate a growing list of regulations,

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Speaker 3: tariffs and export controls. Some of the executives have been

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Speaker 3: invited to dine with She, a chance for them to

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Speaker 3: air their concerns and ambitions in a less formal setting

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Speaker 3: in Washington and Kate's Bloomberg Radio.

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Speaker 1: In other news, the odds of a US government shut

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Speaker 1: down diminished Tuesday as House Speaker Mike Johnson gained broad

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Speaker 1: Democratic support for his interim funding plan. Bloomberg Jody Schneider

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Speaker 1: has more.

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Speaker 4: We had a great number of Democrats supporting it, and

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Speaker 4: the Democrats basically bailed out the newly elected Speaker Mike Johnson.

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Speaker 4: They basically decided to go along with this legislation because

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Speaker 4: it didn't contain big spending cuts that they couldn't you

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Speaker 4: couldn't accept.

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Speaker 1: Majority Leader Chuck Schumer said that he and his Republican counterpart,

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Speaker 1: Mitch McConnell, will figure out the best way to get

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Speaker 1: it done quickly in the Senate. They will need to

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Speaker 1: meet a late Friday evening deadline to avoid a lapse

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Speaker 1: in federal funding. Israel has sent troops into a Gaza

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Speaker 1: hospital that it accuses Hamasov using as a command center.

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Speaker 1: Hundreds of patients, medical personnel, and displaced civilians have been

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Speaker 1: at the hospital in recent days, making it a center

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Speaker 1: of international attention. Bloomberg's Bill Ferries has more.

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Speaker 2: We spoke to someone who was inside the facility who

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Speaker 2: said that Israeli tanks were at that point just outside

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Speaker 2: the gates, and we know from regional news channels like

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Speaker 2: Al Jazeera and Al Arabia that Israeli forces had then

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Speaker 2: entered the compound.

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Speaker 1: Israel's IDF operation was widely expected after the country said

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Speaker 1: that the hospital and tunnels underneath it were utilized by

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Speaker 1: Hamas to hide forces. New York City Mayor Eric Adams

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Speaker 1: says he's cooperating with the FBI probe into his campaign financing.

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Speaker 1: This is after reports that the mayor's phones and iPad

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Speaker 1: were seized by federal agents last week. Adams spoke to

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Speaker 1: the media on Tuesday.

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Speaker 5: I'm not going to speculate on where we are. I'm

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Speaker 5: not going to speculate on that. I know what I

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Speaker 5: tell my team all the time. Follow the law. We

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Speaker 5: don't do destroyed donors of We don't do quick pro quo.

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Speaker 5: We follow the law.

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Speaker 1: Investigators are looking into whether Adam's campaign accepted illegal donations

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Speaker 1: from either the Turkish government or from Turkish nationals. The

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Speaker 1: probe came to light back on November second, after FBI

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Speaker 1: agents executed a search warrant at the home of Adam's

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Speaker 1: fundraiser Breonna suggs Well. China is said to be planning

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Speaker 1: a form of helicopter money to help its ailing housing market.

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Speaker 1: Bloomberg's Yvon Mann has more from Hong Kong.

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Speaker 6: Sources say China is looking to provide one hundred and

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Speaker 6: thirty seven billion dollars of financing for urban village renewal.

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Speaker 6: The funds will be injected in phases through policy banks.

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Speaker 6: Officials are said to be considering using a controversial program

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Speaker 6: called Pledge Supplemental Lending, or PSL. The PSL has been

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Speaker 6: dubbed by some as helicopter money, and allows a central

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Speaker 6: bank to provide low cost funds to developers of shantytown

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Speaker 6: renovation projects. It was deployed in twenty fourteen to reverse

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Speaker 6: a property downturn, but was later criticized for inflating a bubble.

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Speaker 6: In any case, the move is another push to put

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Speaker 6: a floor under the biggest property downturn in decades in

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Speaker 6: Hong Kong. I'm von Mann Bloomberg Radio.

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

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