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Speaker 1: News when you wanted with Bloombrigg News Now, I'm Bryan

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Speaker 1: Curtis in Hong Kong. In Mexico, Claudia Schinbaum is set

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Speaker 1: to become the country's first female leader in a landslide victory.

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Speaker 1: Shinbaum is the former mayor of the nation's capital. She's

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Speaker 1: projected to receive between fifty five and sixty three percent

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Speaker 1: of the vote. Shinbaum capitalized on outgoing President andres Manuel

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Speaker 1: Lopez Obrador's popularity. Donald Trump's legal team has confirmed it

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Speaker 1: is ready in an appeal to the former president's convictions.

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Speaker 1: Bloomberg's Ed Baxter has the story.

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Speaker 2: Trump attorney Will Sharp says it deals with judicial fairness.

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Speaker 3: We're going to speedily appeal this unjust verdict. I think

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Speaker 3: this case is replete with reversible error. We plan to

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Speaker 3: vigorously defend President Trump's rights in the appellate courts all

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Speaker 3: the way up to the US Supreme Court if necessary.

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Speaker 2: On ABC has heard on Bloomberg saying problems with jury

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Speaker 2: instruction and denial of change of venue. Congressman Adam Schiff,

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Speaker 2: co chair of the January sixth Committee, says the reaction

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Speaker 2: to venue is simple.

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Speaker 4: You don't want to be tried in front of a

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Speaker 4: New York Jerrea, then maybe don't commit so many crimes

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Speaker 4: in New York City.

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Speaker 2: Shipp says he sees no grounds for appeal, does say

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Speaker 2: the whole process will definitely take beyond election day. Head

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Speaker 2: Baxter Bloomberg Radio.

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Speaker 1: South Africa's ruling African National Congress has begun talks with

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Speaker 1: rivals to form a government. That's after it showed its

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Speaker 1: worst performance since Nelson Mandela led it to power back

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Speaker 1: in nineteen ninety four. The ANC slum to just about

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Speaker 1: forty percent of the vote comes after years of economic

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Speaker 1: mismanagement and corruption. In India, Prime Minister Narendra Modi's party

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Speaker 1: is set to win a decisive majority in the election.

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Speaker 1: Exit polls show the BJP will win substantially more seats

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Speaker 1: than the two hundred and seventy two needed for a majority.

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Speaker 1: Official election results will be released on June fourth. Nvidia

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Speaker 1: is planning to upgrade its AI accelerators every year. CEO

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Speaker 1: Jensen Hoong made the announcement on the eve of the

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Speaker 1: Computex trade show in Taiwan.

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Speaker 4: Many companies spend hundreds of millions of dollars processing data

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Speaker 4: in the cloud. If it was accelerated. It is not

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Speaker 4: unexpected that you could save hundreds of millions of dollars. Now,

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Speaker 4: why is that we've been experiencing inflation for so long

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Speaker 4: in general purpose computing? Now that we finally determined to accelerate.

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Speaker 4: You've heard me say, the more you buy, the more

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Speaker 4: you save.

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Speaker 1: That's Nvidia CEO Jensen Huang. The Fed's preferred measure of

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Speaker 1: inflation moderated. In April. The core PCEE increased to zero

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Speaker 1: point two percent from the prior month. More on what

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Speaker 1: this means for the FED with Bloomberg's Michael McKee.

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Speaker 5: No way, shape or form does this change anything, because

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Speaker 5: it was what was expected. It shows that there's still progress,

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Speaker 5: that the economy is slowing but not falling off a cliff,

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Speaker 5: which is what's supposed to happen when the FED raises rates.

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Speaker 5: So they're going to say, we're on track, this is

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Speaker 5: what we expected. It tells us that inflation is still

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Speaker 5: going down, but we need to continue to see more

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Speaker 5: progress because we're only at two eight. We got to

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Speaker 5: get to you know, two percent, or or maybe two four,

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Speaker 5: two five.

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Speaker 1: Bloomberg's Michael McKee inflation adjusted consumer spending unexpectedly fill zero

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Speaker 1: point one percent. Meantime, OPEK Plus has extended production cuts.

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Speaker 1: The agreement will begin rolling back those supply reductions in October.

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Speaker 6: Bloomberg's Mike mcgloone de penning on OPEC cuts for Crudel

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Speaker 6: stabilization is a losing game because the problem with OPEC

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Speaker 6: cuts is they're keeping prices high, and that's accelerating the

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Speaker 6: trend that's really pressured prices since the bear market started

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Speaker 6: almost twenty years ago, and that's the excess of supply

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Speaker 6: over demand out of the US in Canada.

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Speaker 1: Mike mcgloone strategists with Bloomberg Intelligence, Well, employers are turning

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Speaker 1: to increasingly bizarre hiring tactics in a job market where

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Speaker 1: a balance of power has shifted away from workers. Bloomberg's

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Speaker 1: Nathan Hager reports.

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Speaker 7: Well, so much for the Great Resignation. Job openings are

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Speaker 7: shrinking while applications are soaring up fourteen percent compared to

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Speaker 7: last fall according to LinkedIn, and companies are getting pickier

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Speaker 7: about their hires. Some like Nyu Langone Healthcare, are putting

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Speaker 7: job seekers through personality and skills tests. Others are avoiding interviews,

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Speaker 7: having applicants submit videos for ai bots to screen before

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Speaker 7: the recruiters even see them. Nathan Hager, Bloomberg Radio.

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Speaker 1: In other news, Israel has rejected President Biden's ceasefire proposal

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Speaker 1: in the war with Gaza. Biden's proposal included a three

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Speaker 1: phase plan, a six week truce involving hostage prisoner exchanges

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Speaker 1: and increased aid, followed then by a focus on a

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Speaker 1: permanent ceasefire and the removal of Israeli forces from Gaza,

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Speaker 1: and finally major reconstruction. Netanyahu's government says preventing another October

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Speaker 1: seventh is the wrong criterion. Its position remains that Amas

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Speaker 1: must be deprived of any aggress capacity and that Israel

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Speaker 1: will not stop until that has been achieved. That's news

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

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Speaker 1: This is Bloomberg