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

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Speaker 1: Doug Prisner. Wiki Leak's founder Julian Assange has agreed to

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Speaker 1: plead guilty in a deal with the US Justice Department.

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Speaker 1: That story from Bloomberg's Ed Baxter.

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Speaker 2: Felon account of espionage will resolve a long running legal

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Speaker 2: saga that spanned multiple continents, centered on publication of a

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Speaker 2: trove of classified documents dating back to twenty ten and

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Speaker 2: twenty eleven. Wiki League statement saying this is a result

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Speaker 2: of a global campaign that spanned grassroots organizers, press freedom campaigners, legislators,

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Speaker 2: leaders from across the political spectrum all the way to

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Speaker 2: the United Nations. He will be in court of the

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Speaker 2: Mariana Islands and then go back to his native Australia,

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Speaker 2: not wanting to head back to the US where he

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Speaker 2: could face a lengthy sentence. Ed Baxter, Bloomberg Radio.

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Speaker 1: The economy is certain to be a major topic at

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Speaker 1: the first debate between President Biden and former President Trump

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Speaker 1: later this week. Here's Bloomberg's and Marie hor Dern.

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Speaker 3: Former President Trump is really going to want to paint

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Speaker 3: by it as destroying the US consumer when it comes

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Speaker 3: to inflation over the weekend, he pulled out this prop

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Speaker 3: which you're not going to be able to do at

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Speaker 3: the CNN debate, of a little miniature TikTok and saying

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Speaker 3: this is what it's like living under Bidenomics. And he

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Speaker 3: said he's going to have Maganomics on day one.

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Speaker 1: That's Bloomberg xan Marie hor Dern. Now President Biden May

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Speaker 1: tried to steer the conversation toward abortion rights two years

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Speaker 1: after the Supreme Court's decision to overturn Roe v.

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Speaker 4: Wade.

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Speaker 1: Our coverage of the CNN presidential debate begins Thursday night

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Speaker 1: at eight pm Wall Street Time with a special edition

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Speaker 1: of Balance of Power on Bloomberg Radio and Bloomberg TV.

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Speaker 1: We had shares in Nvidia entering a correction today. The

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Speaker 1: stock extended a three day decline to nearly thirteen percent. Earlier,

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Speaker 1: we spoke with Ayako Yoshioka of Wealth Enhancement Group. She said,

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Speaker 1: it's tough to say what the market is for AI

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Speaker 1: At the moment.

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Speaker 5: You could say that it continues to be to be growing,

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Speaker 5: and so really trying to ask obtain what that number

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Speaker 5: is going to be in the long term is what

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Speaker 5: is so difficult about, you know, valuing Nvidia right now.

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Speaker 1: She is the iako Oshioka from the Wealth Enhancement Group.

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Speaker 1: You know, it was only last week that briefly in

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Speaker 1: Nvidia claimed the title as the world's largest stock. If

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Speaker 1: you're wondering, it's now number three today. The head of

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Speaker 1: the San Francisco Fed Mary Daily, said the American labor

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Speaker 1: market is nearing an inflection point where further slowing could

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Speaker 1: mean higher unemployment.

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Speaker 6: So far, the adjustments in the labor market have been modest,

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Speaker 6: not really pushing up the unemployment rate. But we're getting

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Speaker 6: nearer to a point where the outcomes unemployment may be

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Speaker 6: less benign.

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Speaker 1: San Francisco Fedbank President Mary Daily. We go to Canada

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Speaker 1: to next where the government is clamping down on imports

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Speaker 1: of Chinese made electric vehicles. More from Minmen Low In

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Speaker 1: Hong Kong.

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Speaker 4: Canada's Finance Minister Christia Freeland announced the start of a

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Speaker 4: thirty day pub the consultation period that's the first step

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Speaker 4: in raising tariffs on Chinese evs. The move comes as

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Speaker 4: Canada seeks to align itself with the Biden administration on trade.

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Speaker 4: Last month, the White House unveiled plans to nearly quadruple

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Speaker 4: US tariffs on Chinese electric vehicles. Meantime, Beijing has suggested

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Speaker 4: it would cut tariffs on Germany's large engine cars. That's

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Speaker 4: if Berlin can convince the EU to drop tariffs on

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Speaker 4: Chinese evs. The shares of automakers in Europe jumped two

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Speaker 4: to three percent in Hong Kong.

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Speaker 3: I'm min Minlow.

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Speaker 1: Bloomberg Radio Paramount Global is raising the price of its

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Speaker 1: streaming service. This is part of a push by the

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Speaker 1: TV and film giant to stem losses in its online business.

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Speaker 1: More from Bloomberg's Charlie Palette.

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Speaker 7: The advertising free Paramount Plus with Showtime will increase by

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Speaker 7: one dollar to twelve ninety nine a month. Paramount Plus Essential,

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Speaker 7: a service with ads, will rise by two dollars to

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Speaker 7: seven ninety nine for all new subscribers. Those changes take

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Speaker 7: effect on August twentieth for new customers, while current subscribers

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Speaker 7: of Paramount Plus with Showtime will see their bills increase

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Speaker 7: around September twentieth. The price of annual subscriptions to both

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Speaker 7: plans will remain unchanged. In New York, Charlie Pellett, Bloomberg Radio.

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Speaker 1: One of the most popular shows on YouTube, may be

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Speaker 1: running into trouble.

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Speaker 8: I feel like I'm gonna die get it.

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Speaker 1: If you've seen this clip with Jennifer Lawrence, you know

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Speaker 1: the show that I'm referring to. What you may not

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Speaker 1: know is it's for sale. Here's Bloomberg zed Ludlow.

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Speaker 8: BuzzFeed is looking to sell First we Feast, the media

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Speaker 8: company best known for its hit YouTube show Hot Ones,

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Speaker 8: which invites celebrities to eat spicy chicken wings with its

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Speaker 8: host Sewan Evans. Several parties have shown interest, but so

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Speaker 8: far I'm willing to meet the asking price of over

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Speaker 8: seventy million dollars. Selling First We Feasts could neet BuzzFeed

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Speaker 8: money to help pay off its debt, which has now

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Speaker 8: reached more than one hundred million dollars.

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Speaker 1: That's Bloomberg, zed Ludlow and the Florida Panthers have won

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Speaker 1: the Stanley Cup for the first time in franchise history.

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Speaker 1: They defeated the Edmonton Oilers tonight Game seven of the

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Speaker 1: Stanley Cup. The score was two to one. And that

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Speaker 1: is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner and this is Bloomberg