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Speaker 1: News when you wanted it With Bloomberg News Now, I'm

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Speaker 1: Brian Curtis in Hong Kong. Senate Democrats have thrown out

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Speaker 1: impeachment articles against Alejandro Majorcis. Bloomberg's Dan Schwartzman has the story.

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Speaker 2: Democrats in the Senate voted to dismiss both articles of

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Speaker 2: impeachment against Homeland Security Secretary Alejandro Majorkis. The vote was

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Speaker 2: mostly along party lines, except for Alaska Republican Lisa Rokowski

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Speaker 2: voting president on a measure to toss the first impeachment article.

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Speaker 2: Republicans have accused Maorkis of refusing to enforce immigration laws.

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Speaker 2: The secretary is the first sitting cabinet member in US

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Speaker 2: history to be impeached. Democrats say the measure was unconstitutional

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Speaker 2: because it didn't meet the constitutional bar of a high

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Speaker 2: crime or misdemeanor. Republicans accused Democrats of failing to take

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Speaker 2: the charges against Majorkis seriously and that the American people

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Speaker 2: deserve to hear the evidence. Dan Schwartzman, Bloomberg Radio.

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Speaker 1: In other news, Congress is now on a fast track

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Speaker 1: to approve a bill aimed at forcing TikTok's Chinese parent

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Speaker 1: byte Dance to divest. Speaker Mike Johnson plans to include

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Speaker 1: TikTok legislation passed by the House in an aid package

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Speaker 1: for Ukraine and Israel. We hear the bill could give

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Speaker 1: by Dance up to a year to divest itself of

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Speaker 1: the social media app. That's longer than the six month

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Speaker 1: deadline in the original House bill. The longer deadline is

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Speaker 1: among the changes proposed by the Senate Commerce Committee Chair

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Speaker 1: Maria Cantwell. She wants to tweak the House bill to

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Speaker 1: ensure it survives legal challenges. The House proposal had faced

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Speaker 1: opposition from both parties in the Senate. Two Senate committees

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Speaker 1: held hearings on quality control issues plaguing Boeing Today. Multiple

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Speaker 1: whistleblowers have come forward claiming shoddy workmanship on the seven

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Speaker 1: thirty seven and seven eighty seven Dreamliner models. They claimed

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Speaker 1: the company knew about safety concerns but did not address them.

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Speaker 1: One of the main issues involves fuselage panels on the

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Speaker 1: seven eighty sevens that were fastened in correctly. The panels

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Speaker 1: were fastened leaving a gap wider than the company's standards allow.

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Speaker 1: Let's check this hour a stop business stories Nippon Steele

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Speaker 1: says US Steel will remain an American company after the

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Speaker 1: takeover transaction, and it says US Steel's headquarters will stay

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Speaker 1: in Pittsburgh. Earlier, President Biden had vowed to keep US

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Speaker 1: Steel American owned. Biden spoke to a crowd of union

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Speaker 1: members at the offices of the United steel Workers Union

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Speaker 1: in Pittsburgh.

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Speaker 3: US still has been an iconic American company for more

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Speaker 3: than a century, and it should remain a totally American company,

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Speaker 3: American owned, American operated by American union steel workers, the

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Speaker 3: best of the world, and that's going to happen, I

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Speaker 3: promise you.

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Speaker 1: The speech was part of a three day trip through Pennsylvania,

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Speaker 1: a key swing state in November's election. In other news,

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Speaker 1: Beijing has blasted a plan from the Biden administration to

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Speaker 1: review Chinese maritime, logistics and shipbuilding industries. The story from

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Speaker 1: Bloomberg Yvon Mann in Hong Kong.

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Speaker 4: China's Commerce ministry called the investment a mistake tied to

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Speaker 4: domestic US politics. A spokesman said a statement by the

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Speaker 4: US Trade Representative's office was quote full of false accusations.

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Speaker 4: The formal probe by the USTR appeared to be a

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Speaker 4: response to a petition from a group of five major

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Speaker 4: union groups last month. China's statement said the probe goes

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Speaker 4: against economic common sense to blame China for America's own

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Speaker 4: industrial problems. Is that the US should respect the facts

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Speaker 4: and multilateral rules in Hong Kong. I'm ivon Mann Bloomberg radio.

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Speaker 1: US Treasury Secretary Janet Yellen has acknowledged concerns from her

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Speaker 1: counterparts in Japan and South Korea on exchange rates. The

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Speaker 1: three discussed sharp declines in the Japanese yen and the

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Speaker 1: South Korean wan in meetings in Washington. Meantime, the fed's

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Speaker 1: Beige Book survey says the US economy expanded slightly since

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Speaker 1: late February. Firms also reported greater difficulty in passing along

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Speaker 1: higher costs. Bloomberg's Molly Smith says the survey s labor

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Speaker 1: markets plateauing a.

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Speaker 5: Little bit more optimistic about the direction of the labor

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Speaker 5: market in terms of it normalizing and wages getting more

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Speaker 5: back in like their pre pandemic kind of trend, and

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Speaker 5: that these businesses are saying that they expect the supply

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Speaker 5: and demand of workers to be relatively stable, that you know,

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Speaker 5: job gains are going to be modest going forward, and

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Speaker 5: still moderation back of wage growth back to those pre

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Speaker 5: pandemic levels.

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Speaker 1: Bloomberg's Molly Smith, that's news when you want it. With

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