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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. The US Senate has passed

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Speaker 1: the long awaited foreign aid bill. Bloomberg's Ed Baxter with

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Speaker 1: the story.

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Speaker 2: Ninety five billion dollars in foreign aid to Ukraine, Israel,

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Speaker 2: in Taiwan. The package includes four bills that passed the

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Speaker 2: House over the weekend with bipartisan votes. The Senate votes

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Speaker 2: also overwhelming support. It does include the divest bill for TikTok.

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Speaker 1: Now.

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Speaker 2: Not included is the border package that Republicans had demanded

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Speaker 2: for months. Senator Lindsey Graham says this one had to go.

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Speaker 3: The fact that we did not get provisions for our border,

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Speaker 3: in my view, doesn't mean we can't deal with the

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Speaker 3: other problems the world faces.

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Speaker 2: We actually have to now. The President has said all

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Speaker 2: along that he will sign this package. Ed Baxter, Bloomberg Radio.

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Speaker 1: Meantime, China has launched a bitter verbal attack on US

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Speaker 1: complaints about industrial overcapacity. Bloomberg's Juan Wong has the story

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Speaker 1: from Hong Kong.

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Speaker 4: China came down hard on the saying the complaint is

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Speaker 4: quote naked economic awortion and bullying. At a recent briefing.

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Speaker 4: The Foreign Ministry also said the US is looking for

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Speaker 4: a favorable competitive position and market advantage. The comments come

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Speaker 4: ahead of US Secretary of State Anthony B. Lincoln's visit

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Speaker 4: to China this week. It's rare Forbajiing to hold such

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Speaker 4: a briefing right before top US officials visit, as a

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Speaker 4: virtual guarantee that Secretary of B. Lincoln will be in

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Speaker 4: for some difficult conversations this week in Hong Kong. Join

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Speaker 4: Wang Bloomberg Radio.

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Speaker 1: The European Union has launched an investigation into China's procurement

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Speaker 1: of medical devices. Europe is moving to address concerns that

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Speaker 1: China's policies favored domestic suppliers. The probe will be completed

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Speaker 1: within nine months. The Associated Press is projecting Dave McCormick

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Speaker 1: has won the Republican primary for the US Senate seat

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Speaker 1: in Pennsylvania. McCormick is the former CEO of Bridgewater Associates.

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Speaker 1: McCormick had no challengers in the primary, and you'll face

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Speaker 1: incumbent Democrat Bob Casey in November. Donald Trump will likely

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Speaker 1: be found in contemptive court for his social media posts.

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Speaker 1: The post may violate a gag order put in place

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Speaker 1: for this first criminal trial. Bloomberg's June Grosso says the

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Speaker 1: decision comes down to how much impact Trump's posts will

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Speaker 1: actually have.

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Speaker 3: It's very difficult for the judge here because he has

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Speaker 3: to balance the First Amendment, which Trump keeps talking about.

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Speaker 3: He has a First Amendment right to speak, he thinks

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Speaker 3: whatever he wants to say, which is of course not

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Speaker 3: the First Amendment. But he has to balance that with

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Speaker 3: the protecting the witnesses, protecting the jurors, and making sure

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Speaker 3: that the trial goes forward in a fair manner.

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Speaker 1: Bloomberg's June Grosso. While former President Trump is in a

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Speaker 1: Manhattan courtroom, President Biden will be in Trump's new home

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Speaker 1: state of Florida. It puts the spotlight on abortion rights.

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Speaker 1: Bloomberg's Jody Schneider has more from Washington.

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Speaker 5: Abortion rights are obviously something that the president is the contestidant,

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Speaker 5: is trying to run on. They see this as a

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Speaker 5: winning issue, particularly among younger brothers and women.

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Speaker 1: The President will blast Florida's upcoming six week abortion ban,

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Speaker 1: and he'll talk up a referendum this November that could

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Speaker 1: keep abortion legal in the Sunshine State. In Earning's News

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Speaker 1: Visa's profit served seventeen percent in the latest quarter as

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Speaker 1: US credit card spending rows. In the United States, where

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Speaker 1: Visa gets more than forty percent of its revenue, credit

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Speaker 1: card spending grew six point two percent from a year earlier,

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Speaker 1: total transactions up eleven percent. Tesla gained more than thirteen

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Speaker 1: percent in late trading after saying it would accelerate cheaper models.

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Speaker 1: Ross Gerber from Gerber Kawasaki says he's doubtful of the claim.

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Speaker 1: I just don't believe that statement. I don't see how

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Speaker 1: they're going to pull forward production of this vehicle to

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Speaker 1: be ready in a year after they just laid off

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Speaker 1: fifteen thousand people. However, Bloomberg's Ed Ludlow says our own

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Speaker 1: reporting suggests it is possible.

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Speaker 6: We repull with via sources that a large body of

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Speaker 6: work went in at the component level and at the

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Speaker 6: production process level to bring a range of more affordable evs,

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Speaker 6: not just one single model. That is exactly and explicitly

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Speaker 6: what Tesla is saying in the shareholder deby.

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Speaker 1: In other earnings, Texas instruments suggesting that a slump in

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Speaker 1: demand for industrial chips might be easing. The company says

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Speaker 1: sales in the current quarter will be around three point

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Speaker 1: ninety five billion dollars. Analysts had estimated three point seven

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Speaker 1: to eight billion. That's news when you want it with

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