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Speaker 1: News when you want it with Bloomberg News Now, I

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Speaker 1: Met Kalki. The violent rotation from big Tech plunged the

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Speaker 1: Nasdaq one hundred index into correction territory, wiping out more

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Speaker 1: than two trillion dollars in value in just over three

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Speaker 1: weeks as traders unwound bets that had been minting money

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Speaker 1: for over a year. The index closed down two point

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Speaker 1: four percent Friday, taking its loss since a July tenth

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Speaker 1: record to more than ten percent, passing the threshold that

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Speaker 1: meets the definition of correction. The index closed at its

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Speaker 1: lowest since mid May, but remains up nearly ten percent

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Speaker 1: for the year. Friday, also bringing news of the fourth

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Speaker 1: straight increased the jobless rate to four point three percent.

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Speaker 1: The Dow fell the most since May, falling six hundred

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Speaker 1: and eleven points, Nastak was down four eighteen, and the

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Speaker 1: S and P fell one hundred. Defense Secretary Lloyd Austin

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Speaker 1: on Friday overwrote a plea agreement reached earlier this week

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Speaker 1: for the accused mastermind of the September eleventh time tax

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Speaker 1: and to other defendants, reinstating them as death penalty cases.

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Speaker 1: The move comes two days after the Military Commission at

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Speaker 1: Guantanamo Bay. Cuba announced that it had reached plea deals

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Speaker 1: with Khalid Sheik Mohammad and to accused accomplices in the attacks.

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Speaker 1: The Pentagon is bolstering its presence in the Middle East

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Speaker 1: with ships, fighter planes, and ballistic missile defense vessels as

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Speaker 1: Israel facis threats from Iran to avenge assassinations of Hamas

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Speaker 1: and Hezbulla leaders. The moves announced Friday by the Defense

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Speaker 1: Department came a day after the White House said President

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Speaker 1: Joe Biden promised Israeli Prime Minister Benjamin Netanyahu that the

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Speaker 1: US would provide new defensive US military deployments. Vice President

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Speaker 1: Kamala Harris has secured enough votes from Democratic delegates to

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Speaker 1: officially be the party's nominee for president. Speaking on a

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Speaker 1: call with supporters, the Vice President said.

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Speaker 2: I am honored to be the presumptive Democratic nominee for

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Speaker 2: President of the United States, and I will tell you

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Speaker 2: the tireless work of our delegates, our state leaders, and

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Speaker 2: staff has been pivotal in making this moment possible.

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Speaker 1: The acting Director of the US Secret Service, Ronald Rowe,

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Speaker 1: held a news conference to review the failure of his

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Speaker 1: agency to cover all the bases in protecting Donald Trump.

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Speaker 1: Bloomberg's IRV Chapman reports from Washington.

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Speaker 3: Roe said it would require a substantial technical fix for

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Speaker 3: the Secret Service to hear local police communications on their

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Speaker 3: search in this instance for an armed, suspicious person.

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Speaker 4: We didn't have access to certain information, not by anybody's fault.

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Speaker 4: There might have been radio traffic that we missed in

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Speaker 4: the final thirty seconds, which has been the focus of

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Speaker 4: what happened before the assailant opened fire. There was clearly

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Speaker 4: radio transmissions on that local radio net that we did

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Speaker 4: not have.

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Speaker 3: Roseid, state and city police are needed to augment his

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Speaker 3: agents with knowledge of the venue, as well as such

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Speaker 3: local laws as open carry of firearms in Washington. Chapman

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Speaker 3: Hoover Radio.

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Speaker 1: And former President Donald Trump keeps adding to his campaign

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Speaker 1: war chest. We get more on that story from Bloomberg's

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Speaker 1: Nancy Lyons.

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Speaker 5: The Trump campaign says it raised one hundred and thirty

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Speaker 5: eight point seven million dollars in July. That's even better

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Speaker 5: than the one hundred and twelve million the former president

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Speaker 5: raised in June. Trump now has a total of three

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Speaker 5: hundred and twenty seven million dollars cash on hand, up

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Speaker 5: forty two million from June, campaign officials did release a

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Speaker 5: statement saying the numbers reflect continued momentum with donors at

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Speaker 5: every level. Presumptive Democratic nominee Vice President Kamala Harris has

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Speaker 5: not yet released her fundraising figures for July, but did

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Speaker 5: raise two hundred million dollars the week after President Biden

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Speaker 5: left the race. In Washington, Nancy lyons 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 made Kleggy and this is Bloomberg