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

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Speaker 1: Doug Chrisner. The Biden administration is calling on Congress to

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Speaker 1: approve one hundred billion dollars in aid for Ukraine and

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Speaker 1: Israel to help both nations with their conflicts. Secretary of

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Speaker 1: State Antony Blincoln and Defense Secretary Lloyd Austin made the

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Speaker 1: administration's case while testifying before the Senate Appropriations Committee. Blincoln

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Speaker 1: told lawmakers the US has a duty during times of war.

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Speaker 2: All of us know the imperative of standing up with

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Speaker 2: our allies and partners when their security, when their democracies

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Speaker 2: are threatened.

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Speaker 1: That is US Secretary of State Antony Blincoln now. Tensions

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Speaker 1: were high during the hearing as pro Palestinian protesters urged

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Speaker 1: the US to cut funding for Israel and reallocate the

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Speaker 1: money for civilians in Gaza. Blincoln said he understands the

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Speaker 1: message the protesters want to convey, but he also reiterated

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Speaker 1: Israel's right to defend itself from terrorism. FBI Director Christopher

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Speaker 1: Ray issued a stern warning in light of the war

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Speaker 1: in the Mid East. Here is Ray speaking to a

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Speaker 1: Senate panel.

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Speaker 3: The terrorism threat has been elevated throughout twenty twenty three,

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Speaker 3: but the ongoing war in the Middle East has raised

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Speaker 3: the threat of an attack against Americans in the United

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Speaker 3: States to a whole nother level.

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Speaker 1: Ray went on to say terrorist organizations have renewed calls

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Speaker 1: to attack the US and its interest and he said

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Speaker 1: the most immediate concern is that violent extremist will draw

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Speaker 1: inspiration from the conflict in the Mid East and then

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Speaker 1: target Americans. President Biden will meet with Chinese President Chi

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Speaker 1: Chinping next month on the sidelines of the Asia Pacific

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Speaker 1: Economic Cooperation Summit in San Francisco. Here is White House

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Speaker 1: Press Secretary Carine Jean Pierre.

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Speaker 4: This is intense competition, right that we have said that

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Speaker 4: we want to move forward with China. We understand that,

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Speaker 4: and intense competition means intense diplomacy. That's what you're going

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Speaker 4: to see. That's what the President is going went is

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Speaker 4: going to be doing and having a tough conversation, but

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Speaker 4: important conversation.

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Speaker 1: White House Press Secretary Karine Jean Pierre. She did not

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Speaker 1: go into specifics about topics for these conversations. Interestingly, China

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Speaker 1: has yet to confirm the meeting. In New York, trading,

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Speaker 1: the EN posted its biggest one day decline against the

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Speaker 1: dollars since April, weaker by one point seven percent. This

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Speaker 1: was in reaction to the Bank of Japan making only

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Speaker 1: minor changes to its policy setting. However, in Asian trading,

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Speaker 1: the end was able to strengthen, ever so slightly, after

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Speaker 1: the top currency official in Japan said the Ministry of

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Speaker 1: Finance is standing ready to intervene in the foreign exchange

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Speaker 1: if necessary. After the bell in the US, Advanced micro

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Speaker 1: Devices gave an upbeat forecast for its new AI chip AMD,

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Speaker 1: saying the Mi I three hundred processor will compete with

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Speaker 1: Nvidia products in the market for so called AI accelerators

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Speaker 1: and this helped the market to look beyond what was

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Speaker 1: a lack cluster revenue forecast from AMD for the current quarter.

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Speaker 1: Here is Bloomberg's Ian King.

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Speaker 5: Things were looking great at all. Then on Nicole Lisa

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Speaker 5: su Ceo said, actually, you know, apart from the overall

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Speaker 5: picture here, we've got you know, some an area of

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Speaker 5: strength and this is what you want. And guess what,

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Speaker 5: This new acceleratorship is going to bring in four hundred

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Speaker 5: million dollars of revenue this quarter and at least two

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Speaker 5: billion in twenty twenty four.

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Speaker 1: That is Bloomberg's ian King shares and Tesla are down

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Speaker 1: roughly seventeen percent since the company reported earnings just two

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Speaker 1: weeks ago. This reflects waning demand for electric vehicles, and

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Speaker 1: as Bloomberg's Ed Ludlow tells us, software demand might not

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Speaker 1: be the only factor.

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Speaker 6: Is this interest rates showing up in the real world.

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Speaker 6: Is this interest rates kind of showing that those early

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Speaker 6: adopters for evs have been and gone, and that the

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Speaker 6: everyday person who's confronted with a choice to buy an

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Speaker 6: electric vehicle is saying not right now. And you know

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Speaker 6: broadly that in line with demand, is the question the

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Speaker 6: market is posing right now.

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Speaker 1: That is bloomberg S Ed Ludlow. The co founder of FTX,

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Speaker 1: Sam Bankman Freed, concluded his testimony today during his fraud trial.

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Speaker 1: Bloomberg's Tony Eron said the judge grew increasingly frustrated with

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Speaker 1: Bankman Freed during cross examination.

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Speaker 2: Generally he was admonished for not answering the question directly

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Speaker 2: or trying to reframe the question, and Judge Kaplan got

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Speaker 2: very tired of that. This morning yesterday. He started out

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Speaker 2: fairly well on that, but by the late afternoon he

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Speaker 2: had been admonished over a half dozen times, and that

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Speaker 2: just continued today.

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Speaker 1: That is Bloomberg's Tony Errands. Now, closing arguments are set

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Speaker 1: for Wednesday. The jury could get the case by Thursday afternoon.

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Speaker 1: We Work reportedly plans to file for bankruptcy as early

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Speaker 1: as next week. The Wall Street Journal reports we Work

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Speaker 1: may file a Chapter eleven petition in New Jersey. We

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Speaker 1: Work said it's been holding discussions with creditors about improving

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Speaker 1: its balance sheet and taking steps to ra nationalize it's

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Speaker 1: real estate footprint. That's news when you want it with

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Speaker 1: Bloomberg News. Now, I'm Doug Prisoner, and this is Bloomberg