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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Brayan

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Speaker 1: Curtis in Hong Kong. President Joe Biden has condemned the

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Speaker 1: shooting incident in which Donald Trump was injured and a

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Speaker 1: Pennsylvania rally goer died. President Biden from the Oval Office

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Speaker 1: in America.

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Speaker 2: We resolve our difference at the battle box. Now, That's

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Speaker 2: how we do it, at the battle box, not with bullets.

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Speaker 2: The power to change America should always rest in the

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Speaker 2: hands of the people, not in the hands of would

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Speaker 2: be assassin.

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Speaker 1: That's President Joe Biden. Biden implored candidates to cool their

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Speaker 1: rhetoric after the assassination attempt on Donald Trump. We get

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Speaker 1: more from Bloomberg's Kayley Lions.

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Speaker 3: President talking about this idea of lowering the temperature. Really,

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Speaker 3: what he was trying to achieve with this Oval Office

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Speaker 3: address was acknowledging that yes, by enlarged, the American country

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Speaker 3: at this time is deeply divided on partisan lines. Things

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Speaker 3: have gotten very heated, and that was on full display

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Speaker 3: in tragic form Kayley lines.

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Speaker 1: Meanwhile, former President Trump said that he rewrote his Republican

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Speaker 1: National Convention speech. According to The Washington Examiner, Trump said

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Speaker 1: that his speech would call for unity rather than focusing

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Speaker 1: on President Biden. Bank of America sees traders flocking to

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Speaker 1: risky stocks as fed rate cut bets build. We get

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Speaker 1: the story from Bloomberg's Charlie Pellett.

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Speaker 4: Strategist at Bank of America say the latest economic data

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Speaker 4: that reinforced speculation the Federal Reserve will be able to

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Speaker 4: cut rates as early as September is poised to spur

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Speaker 4: appetite for more speculative corners of the stock market. In

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Speaker 4: a note to clients, a team led by Michael Hartnett

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Speaker 4: said equities with a generally higher debt burden like small

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Speaker 4: caps and reads, as well as emerging market stocks and

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Speaker 4: the UK's FOOTS one hundred index, may stand to benefit

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Speaker 4: as policymakers get closer to easing after the most aggressive

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Speaker 4: tightening cycle in a generation. In New York. Charlie Pellett

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Speaker 4: Bloomberg Radio.

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Speaker 1: As we see more strong storms like Hurricane Beryl, insurers

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Speaker 1: are hiking their raids. Bloomberg's Amy Morris reports.

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Speaker 5: Destructive storms like Hurricane Beryl that knocked out power to

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Speaker 5: three million homes and businesses in Texas are growing more

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Speaker 5: frequent and more intense. That could mean big profits for

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Speaker 5: property and casualty insurers like All State and Progressive in

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Speaker 5: the coming year. The US experienced twenty eight separate billion

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Speaker 5: dollar weather in climate disasters just last year, and that

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Speaker 5: was the most ever. According to the National Oceanic and

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Speaker 5: Atmospheric Administration, rate hikes are away for property insurers to

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Speaker 5: offset the cost of those catastrophic events. Amy Morris, Bloomberg Radio.

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Speaker 1: China's economic growth has dropped to the slowest pace in

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Speaker 1: some five quarters. It adds pressure on policymakers to boost

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Speaker 1: confidence in the economy. The third Plenum is under way

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Speaker 1: today in Beijing. GDP expanded four point seven percent in

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Speaker 1: the second quarter from a year ago, that missed the

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Speaker 1: estimate of five point one percent. Industrial production in June

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Speaker 1: increased five point three percent year on UIL that was

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Speaker 1: compared to a forecast of five percent. Retail sales rising

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Speaker 1: two percent, much lower than the estimate, and fix das

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Speaker 1: set investment over the first six months of the year

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Speaker 1: gaining three point nine percent. That was in line property

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Speaker 1: investment slumping ten point one percent. In sports news, Carlos

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Speaker 1: Alcaraz has won the men's title at Wimbledon again after

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Speaker 1: a straight set's victory over Novak Djokovic. Al Karaz now

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Speaker 1: has four Grand Slam titles at the age of twenty one.

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Speaker 1: He says it's a dream to be champion at the

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Speaker 1: All England Club once again.

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Speaker 6: It's a great fell into to play in this core,

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Speaker 6: in this beautiful corps. To leave this messing trophy, I'm

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Speaker 6: gonna say or I said it before. For me, this

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Speaker 6: is the most beautiful tournament, the most beautiful core, and

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Speaker 6: obviously the most beautiful trophy.

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Speaker 1: That's Carlos Alciraz and Spain has won a record fourth

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Speaker 1: European Championship title. Mikhail Oyazibaal scored a goal in the

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Speaker 1: eighty seventh minute, bringing a two to one victory. The

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Speaker 1: England men's team has now lost back to back euro finals.

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Speaker 1: It's still without a major title since winning the World

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Speaker 1: Cup in nineteen sixty six. That's news when you want

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Speaker 1: it with Bloomberg News now, I'm Brayon Curtis. This is

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Speaker 1: Bloomberg