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

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Speaker 1: Charlie Pellett. Cardinal Robert Francis Prevost has been elected as

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Speaker 1: head of the Catholic Church on the second day of

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Speaker 1: voting in the Vatican, the first US national ever to

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Speaker 1: take the role, and with more from Rome. Here's Bloomberg

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Speaker 1: Bureau chief Kiara Albanisi.

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Speaker 2: Definitely will carry on the legacy of for Francis. He

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Speaker 2: is seen as as pointed at by Put Francis, as

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Speaker 2: they were very close. So he will be a continuation

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Speaker 2: of what Pop Francis has done during his papacy, and

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Speaker 2: so definitely on migration, that will be the same matter.

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Speaker 2: He will definitely take a compassionate approach to the matter.

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Speaker 1: Bloomberg's Kiara Albanisi. The sixty nine year old provost chose

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Speaker 1: the name of Leo, the fourteenth Natalian Peratory. Lee is

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Speaker 1: a professor and chair of Religious Studies at Manhattan College.

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Speaker 3: It's important for us, I mean, as Americans, I know,

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Speaker 3: we feel a lot of like patriotism and everything right now,

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Speaker 3: especially because he's an American pope, but he's going to

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Speaker 3: be the pope of the whole global church, and so

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Speaker 3: sometimes we can be a little bit shortsighted and think, oh, well,

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Speaker 3: he's not responding to the things that we care about

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Speaker 3: the most. But he is trying to steer this ship.

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Speaker 3: That's kind of enormous.

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Speaker 1: Italian Comparatory Lee of Manhattan College, interviewed on Bloomberg Business Week.

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Speaker 1: President Trump has announced a trade framework with the UK.

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Speaker 3: Today's agreement with the UK is the first and a

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Speaker 3: series of agreements on trade that my administration has been

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Speaker 3: negotiating over the past four weeks. With this deal, the

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Speaker 3: UK joins the United States and affirming that reciprocity and

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Speaker 3: fairness is an essential and vital principle.

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Speaker 1: Here's the UK Prime Minister, Keir Stormer.

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Speaker 3: With this President, this Prime minister, we've managed to achieve

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Speaker 3: many people have tried to achieve for many years.

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Speaker 4: It feels completely historic.

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Speaker 3: Donald, thank you so much. It's really good.

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Speaker 4: To have got this deal over the line. Tribute to

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Speaker 4: both teams, tribute to our countries, and tribute to your leadership.

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Speaker 1: The President pitched it as a historic achievement, but it

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Speaker 1: fell short of a full and comprehensive agreement. Bloomberg's end.

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Speaker 1: The current is following developments in Washington on trade and tariffs.

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Speaker 4: The ten percent minimum tariff that the US has imposed

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Speaker 4: remained under this agreement. That's interesting because if you consider

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Speaker 4: UK is both a security and trade ally of the US,

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Speaker 4: it's certainly not on the list of egregious offenders the

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Speaker 4: thirty fifteen that the administration talked about who run big,

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Speaker 4: big trade efsets. So point is, if they're not going

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Speaker 4: to drop the ten percent minimum tiret for the UK,

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Speaker 4: who are they going to drop.

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Speaker 1: For Bloomberg's and the current and President Trump says he

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Speaker 1: believes trade negotiations launching this weekend with China will result

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Speaker 1: in tangible progress. Even devid is chief Global market strategistic

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Speaker 1: Maneta Group.

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Speaker 5: There is a sense of asking questions later, and I

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Speaker 5: think that there perhaps the market was a little overly

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Speaker 5: in who's agastic And when you actually parse the UK

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Speaker 5: US trade deal, you can see that there's not a

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Speaker 5: huge amount in there.

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Speaker 3: A little bit.

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Speaker 5: Around agriculture Boeing in the case of the UK, and

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Speaker 5: a little bit and then of course runs the steel

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Speaker 5: and automobiles in the case of the US. So I'd

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Speaker 5: say that it's actually very little has been achieved in

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Speaker 5: this trade deal, but yet it has been a big

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Speaker 5: bang announcement.

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Speaker 1: Sources tell Bloomberg British Airways parent AIG is poised to

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Speaker 1: order about thirty Boeing seven eighty seven Dreamliner aircraft more

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Speaker 1: from Bloomberg's Dan Schwartzmann.

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Speaker 6: Those sources say the order may include options that increase

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Speaker 6: the number of planes, and General Electric will supply the

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Speaker 6: seven eighty seven engines. IAG is Boeing's largest customer in

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Speaker 6: the UK and is wrapping up a wide body campaign

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Speaker 6: that pits Boeing's seven eighty seven Dreamliner and Triple seven

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Speaker 6: X models against competing Airbus models. The sources say the

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Speaker 6: European playmaker may also receive some wide body orders for Boeing.

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Speaker 6: The deal provides a much needed shot of confidence. The

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Speaker 6: largest US exporter of manufactured goods has been a target

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Speaker 6: for countries stung by the wide ranging tariffs rolled out

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Speaker 6: by the Trump administration. In New York, Dan Schwartzman, Bloomberg Radio.

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Speaker 1: And Boeing shares advanced three point three percent. Trade optimisms

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Speaker 1: sent US stocks hire Thursday with the S and P

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Speaker 1: up thirty two points now at fifty six sixty three,

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Speaker 1: a gain of six tenths of one percent. The Dow

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Speaker 1: is also up six tenths of one percent, as Stack

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Speaker 1: hire by one hundred ninety points, up by one point

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Speaker 1: one percent. And that's news when you want it. With

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Speaker 1: Bloomberg News Now, I'm Charlie Peltan. This is Bloomberg