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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. Shermout Group in China says China

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Speaker 1: Construction Bank has filed a winding up petition against the company.

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Speaker 1: The petition involves a financial obligation of about two hundred

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Speaker 1: four million US dollars. Christy Hung, an analyst at Bloomberg Intelligence,

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Speaker 1: says CCB's filing could make it more difficult for the

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Speaker 1: developer to continue as a going concern. Schrmouse auditor raised

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Speaker 1: material uncertainties on Schermaou's ability to continue. The company says

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Speaker 1: it will oppose the petition vigorously. Meantime. US Treasury Secretary

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Speaker 1: Janet Yellen has tried to advance US China relations, but

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Speaker 1: has also offered some criticism. Bloomberg's Joan Wong as more

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Speaker 1: from Hong Kong.

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Speaker 2: Yellen's four day trip in China has been in part

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Speaker 2: to enhance ties with China's top leaders, and she appears

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Speaker 2: to have had some success. At the same time, Yellen

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Speaker 2: has tested those relationships. She criticized policymakers for flooding global

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Speaker 2: markets with cheap goods, and she blasted what she called

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Speaker 2: unfair treatment of American firms in China. Shinhwai in turn

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Speaker 2: took Yell into task in a commentary. Even so, progress

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Speaker 2: appears to have been made. The two sides have agreed

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Speaker 2: to move forward with a new round of talks in

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Speaker 2: Hong Kong Joan Wang Bloomberg Radio.

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Speaker 1: Elsewhere, China Central Bank purchased gold for its reserves for

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Speaker 1: a seventeenth straight month in March. The extended buying spree

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Speaker 1: has helped the precious metal surge. Gold has risen fourteen

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Speaker 1: percent since early March. It's not clear yet what other

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Speaker 1: forces might be driving demand. Sonal Desai at Franklin Templeton

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Speaker 1: says investors may be drawn to gold in the wake

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Speaker 1: of global geopolitical tensions.

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Speaker 3: If anything disastrous happened in the Middle East, all the

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Speaker 3: Russia or the China, what should want to be in

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Speaker 3: is completely only entirely safe, maybe you'd want gold. I

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Speaker 3: don't think that's not how you manage your portfolio.

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Speaker 1: Sonal Desai, Franklin Templeton, Fixed Income CIO. Israeli Prime Minister

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Speaker 1: Benjamin Netanyaho says Israel is just one step away from

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Speaker 1: victory over Hamas. That says Israel pulls some troops out

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Speaker 1: of southern Gaza. However, Nathan Yahoo reiterated today there would

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Speaker 1: be no ceasefire without the return of hostages. On ABC's

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Speaker 1: This Week, White House Spokesman John Kirby weighed in, saying

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Speaker 1: Israel's partial troop withdrawal seemed to be about rest and

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Speaker 1: refit for soldiers. He added, Israel needs to do more

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Speaker 1: on aid and protecting AID workers.

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Speaker 3: Gotta be changes in the deconfliction process, the.

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Speaker 2: Information flow between AID workers on the ground and the

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Speaker 2: IDF in their headquarters, so that this.

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Speaker 1: Kind of targeting can't happen again.

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Speaker 2: There's going to have to be some changes to the

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Speaker 2: way the Israeli defense forces are prosecuting these operations in Gaza.

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Speaker 1: White House Spokesman John Kirby on ABC This Week. The

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Speaker 1: day of the total eclipse of the Sun is happening

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Speaker 1: tomorrow in the United States. Bloomberg's Ed Baxter reports the

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Speaker 1: event has certainly captured people's attention.

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Speaker 4: The several minutes of daytime darkness will follow up PA

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Speaker 4: up through Mexico, the US, and into Canada, depending on

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Speaker 4: where you are, three to four minutes. For some an

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Speaker 4: economic bonanza. One of those places the northeast of the US.

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Speaker 4: New York Governor Kathy Hochel says, along with all the glory, though.

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Speaker 1: We are warning everyone the roads can only handle so much,

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Speaker 1: and we're expecting a high high volume of traffic before

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Speaker 1: and after the event.

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Speaker 4: And of course the perfunctory warning by now, don't look

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Speaker 4: at the sun without the correct protection. Ed Baxter Bloomberg Radio.

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Speaker 1: And Now in sports news, South Carolina has won the

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Speaker 1: NCAA Women's basketball Championship. South Carolina beat the Iowa Hawkeyes

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Speaker 1: eighty seven to seventy five. Iowa's Caitlin Clark scored thirty

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Speaker 1: points in the loss. Clark's career total now stands at

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Speaker 1: three nine hundred and fifty one points scored. That's more

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Speaker 1: than any man or woman in major college basketball history.

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Speaker 1: That's news when you want it. With Bloomberg News Now,

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