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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Brian

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Speaker 1: Curtis in Hong Kong instructions to the jury tomorrow in

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Speaker 1: the Donald Trump hush money case, and then it decides.

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Speaker 1: Trump's attorneys argue he was the victim of extortion aimed

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Speaker 1: at squeezing him for money before the election, and they

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Speaker 1: will argue no criminal intent. The prosecution has tried to

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Speaker 1: back up Michael Cohen and Stormy Daniel's testimony. Bloomberg's Hadrianna

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Speaker 1: Loewenkron was in court.

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Speaker 2: You'll try to prove that there wasn't as much of

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Speaker 2: a credibility issue with Cohen, that there were other witnesses

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Speaker 2: who cooperate it, as well as to lay out its

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Speaker 2: their own evidence with phone wreckers, etc. Showing that Trump

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Speaker 2: did in fact know that all of this was taking place,

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Speaker 2: even using his own tweets where he said very plainly

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Speaker 2: this was a reimbursement to Michael Cohen.

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Speaker 1: The White House says Israel's strike in Rafa was devastating.

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Speaker 1: A Sunday strike on an encampment in Rafa left of

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Speaker 1: people dead. The White House also said, however, that it

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Speaker 1: would not cause President Biden to freeze additional armshipments to

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Speaker 1: the country. National Security Council spokesman John Kirby discusses the

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Speaker 1: condemnation of the recent attacks.

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Speaker 3: We have been I think very strident in our condemnations

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Speaker 3: about the deaths of innocent civilians. These deaths are not

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Speaker 3: excused from that, but we have to understand what happened here.

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Speaker 1: Kirby claimed that Israel still has not launched a full

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Speaker 1: scale military operation into the city in southern Gaza. Many

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Speaker 1: Palestinians are sheltering in the area. The White House could

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Speaker 1: not confirm that another target in Rafa was hit by

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Speaker 1: the military from Israel today well, another setback in efforts

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Speaker 1: to move aid into Gaza to help starving Palestinians. Bloomberg's

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Speaker 1: Nancy Lyons reports.

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Speaker 4: The use of a temporary peer that had been installed

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Speaker 4: by the US to facilitate humanitarian aid into Gaza is

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Speaker 4: now on hold. The Pentagon Sabrina Singh says it was

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Speaker 4: damn it by rough seas. The rebuilding and repairing of

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Speaker 4: the peer will take at least over a week, and

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Speaker 4: following completion will need to be re anchored to the

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Speaker 4: coast of Gaza. Singh says US Central Command will be

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Speaker 4: making the repairs the pier is very crucial since the

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Speaker 4: two main crossings into southern Gaza are either not operating

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Speaker 4: or largely inaccessible due to fighting nearby. In Washington, Nancy

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Speaker 4: lyons Bloomberg Radio.

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Speaker 1: President Xi Jinping will be meeting with Arab leaders this

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Speaker 1: week seeking deeper ties in the region. She will address

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Speaker 1: the China Arab States Cooperation Forum in Beijing tomorrow. The

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Speaker 1: heads of state from Egypt, the United Arab Emirates, Bahrain,

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Speaker 1: and Tunisia will be among the attendees. The FED Bank

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Speaker 1: of Minneapolis President Neil Kashkari says the central Bank is

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Speaker 1: in no rush to cut interest rates. He also said

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Speaker 1: that nothing is off the table, including rate hikes.

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Speaker 5: I'm not ruling out potential interest rate increases from here,

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Speaker 5: but I think sitting where we are for an extended

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Speaker 5: period of time time is a more likely outcome. But

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Speaker 5: of course, if we get surprised by the data, then

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Speaker 5: we would do what we need to do.

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Speaker 1: So Patients is a word we're hearing from many of

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Speaker 1: the FED presidents. That was Neil Kashkari. Fed policymakers widely

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Speaker 1: expected to keep interest rates at a twenty three year

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Speaker 1: high when they meet next in June. US consumer confidence

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Speaker 1: unexpectedly rose in May for the first time in four months.

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Speaker 1: The Conference boards gauge of sentiment increased to one hundred

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Speaker 1: and two from an upwardly revised ninety seven point five

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Speaker 1: in April. Conference Board chief economist Dana Peterson, in.

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Speaker 6: Our headline series, we ask about the business environment, jobs,

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Speaker 6: and income, so we know that for the most part,

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Speaker 6: businesses have been doing okay. Consumers are saying the stock

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Speaker 6: market's going to continue to rocket higher. They continue to work,

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Speaker 6: so they're happy about that, and their incomes had been

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Speaker 6: pretty well supported. But in separate questions we do ask

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Speaker 6: about inflation, and the biggest concern in the write ends

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Speaker 6: was prices, especially for groceries and food, and then also

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Speaker 6: concerns about gasoline prices. So consumers are happy they're working,

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Speaker 6: but they're unhappy about inflation.

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Speaker 1: Dana Peterson, the chief economist at the Conference Board. May's

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Speaker 1: index of present conditions rose for the first time since January.

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Speaker 1: Samsung's labor union has decided to strike. It's the first

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Speaker 1: such action in the company's history. The National Samsung Electronics

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Speaker 1: Union made the call after talk stalled. Samsung had said

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Speaker 1: in March. It would increase this year's pay by five

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Speaker 1: point one percent. The union wanted more. That's news when

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

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Speaker 1: This is Bloomberg