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

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Speaker 1: med Kleggy. Multiple people were shot Saturday along Interstate seventy

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Speaker 1: five at a rural area south of Lexington, Kentucky. The

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Speaker 1: Laurel County Sheriff's office set in a post on Facebook

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Speaker 1: that it was an active shooter situation and numerous persons

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Speaker 1: were shot near the highway. It added that the interstate

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Speaker 1: was closed nine miles north of London. Governor Andy Basheer

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Speaker 1: set in a post on the social platform x I

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Speaker 1: am receiving initial reports from the Kentucky State Police and

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Speaker 1: our Office of Homeland Security. Together, we are actively monitoring

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Speaker 1: the situation and offering support in any way possible. He added,

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Speaker 1: Please pray for everyone involved. Donald Trump pledged on Saturday

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Speaker 1: to make it too costly for countries to shift away

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Speaker 1: from using the US dollar, adding a new pillar to

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Speaker 1: his tariff platform. You leave the dollar and you're not

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Speaker 1: doing business with the United States, because we are going

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Speaker 1: to put a one hundred percent tariff on your goods.

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Speaker 1: The Republican presidential nominee said this at a rally in

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Speaker 1: the battleground state of Wisconsin. The statement follows months of

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Speaker 1: discussions between Trump and his economic advisors on ways to

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Speaker 1: penalize allies or adversaries who seek active ways to engage

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Speaker 1: in by lateral trade and currencies other than the dollar.

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Speaker 1: In a conversation with Bloomberg's David Gora Saturday, Treasury Secretary

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Speaker 1: Janet Yellen said she doesn't see any true financial risks

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Speaker 1: right now.

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Speaker 2: For the US. The kinds of metrics that we would

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Speaker 2: monitor that would summarize risks, whether it's asset valuations or

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Speaker 2: the degree of leverage, things look good. There are not

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Speaker 2: I don't see rid lights flashing.

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Speaker 1: Yellen spoke with Gora at the Texas Tribune Festival in Austin.

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Speaker 1: Yellen also said that she would welcome a visit to

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Speaker 1: the US by her Chinese counterparts, and is open to

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Speaker 1: another visit of her own to China, as she underscored

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Speaker 1: the importance of the world's too largest economies engaging with

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Speaker 1: each other.

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Speaker 2: We need to continue to talk to one another at

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Speaker 2: all levels, from the most senior down through a staff

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Speaker 2: of places like Treasury, where there are lots of issues.

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Speaker 2: They don't rise to the top level, but we need

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Speaker 2: to work together.

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Speaker 1: Treasury Secretary Janet Yellen, talking with Bloomberg's David Gura. Saudi

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Speaker 1: Arabia cut pricing on its flagship crude grade for its

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Speaker 1: main market in Asia next month as concerns mount over

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Speaker 1: winning demand. We get that story from Bloomberg's Charlie Pellett.

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Speaker 3: State owned Saudi Aramco lowered the official selling price of

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Speaker 3: its Arab light crude for buyers in Asia by seventy

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Speaker 3: cents to a dollar thirty of barrel against the regional benchmark,

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Speaker 3: according to a priceless seen by Bloomberg. The company was

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Speaker 3: expected to reduce the grade by eighty five cents of

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Speaker 3: barrel according to a survey of traders and refiners. Oil

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Speaker 3: plunge last week on deepening concerns about soft demand, giving

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Speaker 3: up all its gains for the year. In New York.

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Speaker 3: Charlie pell Bloomberg Radio.

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Speaker 1: We're hearing the Federal Reserve and other regulators are poised

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Speaker 1: to unveil sweeping changes to propose to capital rules for

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Speaker 1: banks as they seek to overcome tough resistance from the industry.

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Speaker 1: We get more from Bloomberg's Denise Pellegrini.

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Speaker 4: Sources say the revisions run up to four hundred and

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Speaker 4: fifty pages, may be unveiled as soon as September nineteen,

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Speaker 4: and would reshape key components of the US bank capital

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Speaker 4: regime known as Basel three Endgame. These tweaked proposals, according

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Speaker 4: to the sources, will offer changes to operational risk provisions,

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Speaker 4: including a reduction in the capital banks must allocate against

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Speaker 4: fee based non interest business lines like wealth management services,

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Speaker 4: and also the changes will remove a so called internal

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Speaker 4: loss multiplier that would have adjusted each bank's capital requirements

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Speaker 4: based on historical operational risk losses. Denise Pellegrine, Bloomberg Radio.

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Speaker 1: And Arena Sabolenko wins the US Open Women's Championship with

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Speaker 1: a seven five seven five street set victory over Jessica Pagoula.

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Speaker 1: And that's news when you want it with Bloomberg News. Now,

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Speaker 1: I Mad Koleggi and this is Bloomberg