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

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Speaker 1: Brian Curtis in Hong Kong. US Vice President Kamala Harris

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Speaker 1: has told Israeli Prime Minister Benjamin Netanyahu she has concerns

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Speaker 1: over casualties in the Gaza War. She said a two

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Speaker 1: state solution is the only long term solution for Israelis

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Speaker 1: and Palestinians.

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Speaker 2: The two state solution is the only path that insurs

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Speaker 2: Israel remains a secure, Jewish and democratic state, and one

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Speaker 2: that ensures Palestinians can finally realize the freedom, security, and

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Speaker 2: prosperity that they rightly deserve.

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Speaker 1: Harris repeated the US's support for Israel to defend itself,

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Speaker 1: but she also said that Israel must respect international law.

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Speaker 1: Former President Trump blasted Harris in a rally in North Carolina.

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Speaker 1: He went after the Vice president on crime, immigration, and

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Speaker 1: even abortion access. Tina Fordham of Fordham Global Foresight says

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Speaker 1: the attack could come back to haunt Trump.

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Speaker 3: I'm not sure that Trump's strategy, with his incredible nicknames,

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Speaker 3: which have been so effective in marginalizing and even humiliating opponents,

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Speaker 3: are going to dampen the energy that we're seeing from Harris.

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Speaker 3: Right now and they might backfire. I worry this gets

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Speaker 3: very ugly in terms of the campaign rhetoric, very.

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Speaker 1: Fast, Tino Fordham. In the meantime, Republicans may be betting

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Speaker 1: that Vice President Harris's energy record could be a winning

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Speaker 1: issue for them in the presidential race. Bloomberg's Nathan Hager

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Speaker 1: has more from Washington.

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Speaker 4: Donald Trump Junior resurfaced this moment from a CNN debate

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Speaker 4: in twenty nineteen, the last time Harris ran for president.

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Speaker 2: There's no question I'm in favor of banning fracking.

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Speaker 4: He posted the video on X saying Harris is more

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Speaker 4: extreme than Joe Biden, that banning fracking would kill countless jobs,

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Speaker 4: and the Republicans Senate Campaign ARM has sent a memo

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Speaker 4: telling candidates to use Harris's position on fracking as an

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Speaker 4: example of her quote extreme agenda. Harris campaign says former

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Speaker 4: President Trump has asked for a billion dollars in oil

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Speaker 4: industry donations, and that would sacrifice good paying jobs in Washington.

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Speaker 4: I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: Taiwan's Semiconductors shares fell the most in three months this morning,

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Speaker 1: as trading resumed in Taiwan. TSMC joined the route in

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Speaker 1: technology shares globally. After a two day break due to

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Speaker 1: a typhoon, the stock has traded down about five percent

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Speaker 1: through most of the morning session. The US is backing

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Speaker 1: Canada's plans to close a loophole for Chinese electric vehicles.

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Speaker 1: Bloomberg's Joan Wong has more from Hong Kong, the.

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Speaker 5: US ambassador to outtawas as Canada appears to be considering

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Speaker 5: closing a backdoor for Chinese evs entering the United States.

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Speaker 5: Back in May, the Biden administration said it would roughly

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Speaker 5: quadroop pole tariffs on Chinese made evs. At the same time,

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Speaker 5: the US was concerned that Chinese companies with set up

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Speaker 5: facilities in neighboring countries like Canada to avoid the levies.

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Speaker 5: Canada is now near the end of a thirty day

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Speaker 5: consultation on the matter. Some believe Canada will need to

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Speaker 5: impose high tariffs to close the loophole, and Ottawa might

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Speaker 5: also block mergers and acquisitions designed to allow firms to

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Speaker 5: circumvent the tariffs in Hong Kong, join Wong Bloomberg Radio

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Speaker 5: in other news.

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Speaker 1: US GDP rose two point eight percent in the second quarter,

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Speaker 1: driven by gains in personal spending, Bloomberg's Michael McKee walks

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Speaker 1: us through a set of numbers.

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Speaker 6: Durable goods orders down six point six percent. However, capital

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Speaker 6: goods orders non defense x air up one percent. Remember

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Speaker 6: it was down by a six tenths margin last month,

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Speaker 6: and the expectation was for just a two tents gain.

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Speaker 6: So business spending looked strong. Consumer spending stronger than expected.

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Speaker 6: GDP stronger than expected.

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Speaker 1: The core PCEE price index rose two point nine percent,

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Speaker 1: down from last month, but above forecasts. In Sporting News,

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Speaker 1: the twenty twenty four Paras Olympics kicks off on Friday,

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Speaker 1: giving France perhaps some respite from recent political chaos. Bloomberg's

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Speaker 1: Carolyn con And has a preview from Paris ahead of

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Speaker 1: the opening ceremony on Friday.

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Speaker 7: The Paris twenty twenty four Olympics kickoffs on Friday night

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Speaker 7: for the first time in real life, after the pandemic

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Speaker 7: kept spectators away from the Tokyo Games the last time.

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Speaker 7: It's also the first time in one century for the

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Speaker 7: French capital.

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Speaker 8: Fristo McLain has one point.

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Speaker 9: Only the tunes I think announced that snap elections that's

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Speaker 9: the country river Ry Parliament and no new prime minister

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Speaker 9: in sight quite yet. As many as fifteen thousand athletes

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Speaker 9: from more than two hundred countries have already arrived in Paris,

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Speaker 9: including from Iran, North Korea, Israel.

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Speaker 8: They have been placed the very high security. The Russian athletes, however,

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Speaker 8: will have to compete individually without representing their country. As

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Speaker 8: many as fifteen million visitors are expected in Is assuming

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Speaker 8: the games, which could used the French GDP to as

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Speaker 8: much as ten billion euros. Ten billion euros. That's also

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Speaker 8: the cost of the Games of France has a PhD

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Speaker 8: to limit public spending for this Polium case.

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Speaker 1: That was Bloomberg's Caroline Connan reporting from Paris. That's news

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

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Speaker 1: This is Bloomberg