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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. Sam Bankman Freed has been convicted of massive

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Speaker 1: fraud after a month long trial, Bankman Freed was found

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Speaker 1: guilty tonight in New York of seven counts of fraud

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Speaker 1: and conspiracy after jurors deliberated for less than five hours.

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Speaker 1: Here is Bloomberg Radio legal analyst June Grosso.

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Speaker 2: It's not a surprise because the evidence against him was overwhelming,

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Speaker 2: and in the closing argument, the prosecutor kept mentioning, if

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Speaker 2: you believe Caroline Allison, if you believe Gary Wong, if

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Speaker 2: you believe this one, then he's guilty. And it was

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Speaker 2: really a masterful close. But I think, what did it

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Speaker 2: is Sam Bankminfried took the stand in his own defense,

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Speaker 2: And when a defendant takes to stand that way, the

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Speaker 2: whole thing in the jury's mind becomes a credibility game.

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Speaker 2: How credible do they find him?

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Speaker 1: That is Bloomberg's June Grosso.

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Speaker 3: Now.

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Speaker 1: Judge Lewis Kaplan has set a sentencing date for Bankman

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Speaker 1: Freed March twenty eighth. Next year. Secretary of State Anthony

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Speaker 1: Blincoln will visit Israel on Friday as the war with

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Speaker 1: a Moss rages on. He will meet with Israel's Prime

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Speaker 1: Minister Benjamin at Yahoo and Tel Aviv at around ten

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Speaker 1: am local time. Blincoln is expected to push for brief

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Speaker 1: pauses in the fighting for humanitarian reasons. Today in the US,

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Speaker 1: the House passed an aid package for Israel, but as

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Speaker 1: Bloomberg's At Baxter tells us, it may have a troubled future.

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Speaker 4: This is a victory for House Speaker Mike Johnson, but

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Speaker 4: it looks as if it is dead to become law.

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Speaker 4: Senate Majority leader Chuck Schumer has been saying taking funding

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Speaker 4: from IRS enforcement is a bad idea, and President Biden

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Speaker 4: is out saying if it were to hit his desk

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Speaker 4: he would not sign it. House Speaker Johnson says it

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Speaker 4: will get done. There is absolutely no equivocation here.

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Speaker 3: We have to stay with.

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Speaker 4: Israel, and Republican Congressman Tom Cole says there are different

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Speaker 4: paths to get the aid of a lot of unspent money.

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Speaker 4: We ought to use that toward a more important purpose,

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Speaker 4: and that's his room. So the issue is far from settled.

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Speaker 4: At Baxter Bloomberg Radio Well.

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Speaker 1: In the US, the stock market rallied on the bet

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Speaker 1: the FED is done with its rate hikes. Tomorrow's jobs

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Speaker 1: report for the month of October may confirm whether that

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Speaker 1: was the right call. We have the numbers at eight

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Speaker 1: thirty a m. Wall Street Time, Friday Morning, US and

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Speaker 1: Bloomberg's Michael McKee as a preview.

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Speaker 3: We're watching what they are watching. FED chair J Powell

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Speaker 3: says a tight labor market could lead to another rate move,

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Speaker 3: which means markets will parse the October jobs report trying

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Speaker 3: to determine what it signals. Is hiring still much stronger

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Speaker 3: than what's needed to absorb an increasing labor force. Have

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Speaker 3: higher interest rates led companies to pull back on hiring

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Speaker 3: or even start letting people go. Our companies still paying

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Speaker 3: up to attract workers. While the FED will also see

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Speaker 3: the November payrolls report before its next meeting, Powell says

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Speaker 3: it will take several months of data to make any decisions,

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Speaker 3: So study the numbers and file them away for the

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Speaker 3: December meeting.

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Speaker 1: That is Bloomberg's Michael mca After the bell here in

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Speaker 1: the US, Apple reported a decline in sales for the

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Speaker 1: fourth quarter. The company is struggling with sluggish Mac demand

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Speaker 1: and a shaky smartphone market in China. Apple shares were

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Speaker 1: down three percent in the late US session. Apple reported

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Speaker 1: quarterly results after the bell. Sales fell for a fourth

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Speaker 1: consecutive quarter, marking the longest slow down since two thousand

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Speaker 1: and one. Revenue for Greater China missed by two billion dollars.

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Speaker 1: Now we know the Chinese government has already imposed iPhone

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Speaker 1: bands for some workplaces. What about consumers in China? Here

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Speaker 1: is Bloomberg's unarog Rana.

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Speaker 5: You know, if it is a consumer spending slowdown, then

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Speaker 5: I personally am not that concerned. Maybe things get pushed

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Speaker 5: out for another six to nine months, But if they're

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Speaker 5: losing market share to a local phonemaker, I think that's

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Speaker 5: a bigger concern because China is, for the mid term,

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Speaker 5: the big growth driver for Apple's products.

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Speaker 1: That is Bloomberg's unerog Rana. Shares in Apple were down

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Speaker 1: three percent in the late US trading. Usdel has been

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Speaker 1: conducting a strategic review of whether to sell all or

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Speaker 1: part of itself. This is stretched on for more than

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Speaker 1: two months, and now a decision may be on the horizon.

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Speaker 1: We are told site visits for interested buyers will happen

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Speaker 1: next week, with final bids due shortly afterward. It indicates

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Speaker 1: the process maybe entering its final phase. Potential buyers include

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Speaker 1: Cleveland Cliffs, arcel Or Martal, and Stellco. That's news when

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Speaker 1: you want it with Bloomberg News Now. I'm Doug Chrisner,

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Speaker 1: and this is Bloomberg