1
00:00:00,880 --> 00:00:04,160
Speaker 1: The news when you want it with Bloomberg News Now.

2
00:00:04,400 --> 00:00:09,280
Speaker 1: I'md Kleggi. The US will revoke Colombian President Gustavo Petros

3
00:00:09,400 --> 00:00:13,840
Speaker 1: Visa after the leftist leader urged US soldiers to disobey

4
00:00:14,000 --> 00:00:17,560
Speaker 1: orders and incite violence. The Department of States said this

5
00:00:17,640 --> 00:00:20,000
Speaker 1: at a post on x According to the post, we

6
00:00:20,079 --> 00:00:24,880
Speaker 1: will revoke Petros Visa due to his reckless and incendiary actions.

7
00:00:25,239 --> 00:00:28,440
Speaker 1: The Andian nation's president appeared in New York City streets

8
00:00:28,440 --> 00:00:33,040
Speaker 1: in protests against the Palestine conflict, calling on US soldiers

9
00:00:33,040 --> 00:00:36,280
Speaker 1: to disobey President Trump and not point their weapons against

10
00:00:36,320 --> 00:00:39,720
Speaker 1: the people. And I popping dealers apparently in the works

11
00:00:39,720 --> 00:00:43,760
Speaker 1: for a major video game company. Bloomberg's Nancy Lyons reports.

12
00:00:43,440 --> 00:00:46,199
Speaker 2: Electronic Arts could be close to a deal with the

13
00:00:46,280 --> 00:00:50,279
Speaker 2: consortium that wants to take the company private. Sources tell

14
00:00:50,280 --> 00:00:54,120
Speaker 2: Bloomberg the group include Silver Lake Management and Saudi Arabia's

15
00:00:54,160 --> 00:00:59,200
Speaker 2: public investment fund. EA is behind Madden NFL Battlefield as

16
00:00:59,200 --> 00:01:02,200
Speaker 2: well as the Sin. If it happens, the deal could

17
00:01:02,280 --> 00:01:05,880
Speaker 2: value EA as much as fifty billion dollars, making it

18
00:01:05,920 --> 00:01:09,760
Speaker 2: one of the largest leverage buyouts ever. I'm Nancy Lyons,

19
00:01:09,760 --> 00:01:10,959
Speaker 2: Bloomberg Radio, the.

20
00:01:11,040 --> 00:01:14,800
Speaker 1: United Nations will reimpose broad sanctions on Iran after days

21
00:01:14,800 --> 00:01:17,160
Speaker 1: of frantic diplomacy in New York failed to is a

22
00:01:17,200 --> 00:01:21,160
Speaker 1: standoff over Tehran's nuclear program. The vote was not a surprise,

23
00:01:21,240 --> 00:01:24,400
Speaker 1: given opposition from the US and Western allies to any

24
00:01:24,440 --> 00:01:27,840
Speaker 1: extension of sanctions relief. Last month, France, Germany, and the

25
00:01:27,920 --> 00:01:30,760
Speaker 1: UK had set in motion what's known as sanctioned snapback,

26
00:01:31,120 --> 00:01:35,480
Speaker 1: citing Tehran's limited cooperation with the IAEA and broader non

27
00:01:35,520 --> 00:01:40,440
Speaker 1: proliferation negotiations. Israeli Prime Minister Benjamin Netaniah, who struck a

28
00:01:40,440 --> 00:01:43,400
Speaker 1: defiant tone in his speech to the UN General Assembly

29
00:01:43,440 --> 00:01:46,800
Speaker 1: for Aday, vowing to continue his country's warn't Gaza until

30
00:01:46,840 --> 00:01:51,800
Speaker 1: Hamas is destroyed and slamming Western nations that recognized Palestinian statehood.

31
00:01:52,200 --> 00:01:55,600
Speaker 1: Many delegates walked down as Netajaho prepared to speak, leaving

32
00:01:55,640 --> 00:01:59,080
Speaker 1: the hall largely empty. The Supreme Court has handed a

33
00:01:59,120 --> 00:02:01,800
Speaker 1: victory to President and Trump over billions of dollars in

34
00:02:01,880 --> 00:02:06,320
Speaker 1: foreign assistance funding. Bloomberg's Amy Morris reports from Washington.

35
00:02:06,400 --> 00:02:09,920
Speaker 3: This order allows President Trump to keep frozen four billion

36
00:02:10,000 --> 00:02:12,880
Speaker 3: dollars that Congress had already approved for four and eight.

37
00:02:13,280 --> 00:02:15,839
Speaker 3: That money is set to expire after the fiscal year

38
00:02:15,960 --> 00:02:19,360
Speaker 3: ends September thirtieth, if the State Department and what's left

39
00:02:19,360 --> 00:02:22,880
Speaker 3: of USAID don't commit to spending it now. This is

40
00:02:22,960 --> 00:02:25,560
Speaker 3: not the final word in this funding fight. There are

41
00:02:25,600 --> 00:02:29,239
Speaker 3: two other lawsuits pending which will decide whether the executive

42
00:02:29,240 --> 00:02:33,959
Speaker 3: branch can just unilaterally refuse to spend congressionally appropriated money.

43
00:02:34,200 --> 00:02:37,560
Speaker 3: The Court's three liberals dissented in Washington, Amy Moore as

44
00:02:37,560 --> 00:02:38,360
Speaker 3: Bloomberg Radio.

45
00:02:38,560 --> 00:02:42,520
Speaker 1: Russian President Vladimir Putin is broadening his effort to destabilize

46
00:02:42,520 --> 00:02:45,560
Speaker 1: the West, forcing European leaders to reassess the scale of

47
00:02:45,600 --> 00:02:50,600
Speaker 1: the thread and Russian new defenses. After unprecedented airspace violations

48
00:02:50,639 --> 00:02:53,760
Speaker 1: this month, defense ministers from European Union member states on

49
00:02:53,800 --> 00:02:57,080
Speaker 1: the block's eastern flank pushed forward with a drone walled

50
00:02:57,120 --> 00:03:00,560
Speaker 1: initiative to improve security and respond to the evolving three.

51
00:03:00,680 --> 00:03:03,600
Speaker 1: The Kremlin's ultimate goal is to cripple the ability of

52
00:03:03,639 --> 00:03:07,320
Speaker 1: European governments to react quickly and disrupt social stability. This,

53
00:03:07,400 --> 00:03:10,720
Speaker 1: according to a senior European official familiar with deliberations over

54
00:03:10,800 --> 00:03:14,800
Speaker 1: the tactics. TikTok's Chinese parent company will likely get about

55
00:03:14,800 --> 00:03:17,320
Speaker 1: a half of the profit from the platform's US operation,

56
00:03:17,680 --> 00:03:21,079
Speaker 1: even after its sells majority ownership to American investors as

57
00:03:21,160 --> 00:03:24,400
Speaker 1: part of a deal orchestrated by President Trump. By Dance,

58
00:03:24,440 --> 00:03:27,320
Speaker 1: it's expected to receive a licensing fee on all revenue

59
00:03:27,360 --> 00:03:31,519
Speaker 1: generated from making its algorithm available to the US operating entity,

60
00:03:31,840 --> 00:03:33,760
Speaker 1: as well as a share of the profit in proportion

61
00:03:33,840 --> 00:03:37,520
Speaker 1: to its equity stake. Overall, the Beijing based parent company

62
00:03:37,560 --> 00:03:40,120
Speaker 1: will probably get fifty percent or more of the overall

63
00:03:40,200 --> 00:03:43,720
Speaker 1: profit of the US operation after its new owners take control.

64
00:03:44,400 --> 00:03:47,040
Speaker 1: Senate Republicans are gearing up to hold another vote on

65
00:03:47,080 --> 00:03:50,000
Speaker 1: a stopgap measure just hours before the deadline to fund

66
00:03:50,040 --> 00:03:52,880
Speaker 1: the government. Senate Republicans are looking to vote again on

67
00:03:52,920 --> 00:03:56,720
Speaker 1: the House Past Continuing Resolution on Tuesday. The measure would

68
00:03:56,720 --> 00:03:59,560
Speaker 1: fund the government through November twentieth, but would not address

69
00:03:59,760 --> 00:04:03,760
Speaker 1: a inspiring healthcare subsidies. It was blocked by Senate Democrats

70
00:04:03,800 --> 00:04:07,080
Speaker 1: last week, Although the Senate schedule is not yet locked in,

71
00:04:07,120 --> 00:04:10,080
Speaker 1: that timing could increase pressure on Democrats to support the

72
00:04:10,120 --> 00:04:13,040
Speaker 1: stop gap this time around, rather than risk a shutdown

73
00:04:13,080 --> 00:04:16,680
Speaker 1: by opposing the GOP plan. Personal spending growth by more

74
00:04:16,720 --> 00:04:20,960
Speaker 1: than forecast last month while underlying inflationary pressures held steady.

75
00:04:21,279 --> 00:04:23,800
Speaker 1: The Fed's preferred gage of inflation came in at two

76
00:04:23,880 --> 00:04:26,600
Speaker 1: point nine percent, still above the fed's two percent target,

77
00:04:26,960 --> 00:04:29,800
Speaker 1: but former Saint Louis FED President Jim Bullard thinks the

78
00:04:29,839 --> 00:04:31,560
Speaker 1: Central Pink can look past it.

79
00:04:31,680 --> 00:04:35,640
Speaker 4: These numbers look to me like they're consistent with what

80
00:04:35,720 --> 00:04:41,480
Speaker 4: markets were expecting. I think markets have a reacceleration hypothesis,

81
00:04:41,720 --> 00:04:46,039
Speaker 4: and I'm sympathetic with that. So I do think the

82
00:04:46,080 --> 00:04:48,040
Speaker 4: economy will be in pretty good shape for the rest

83
00:04:48,080 --> 00:04:50,720
Speaker 4: of this year and into twenty twenty six as some

84
00:04:50,760 --> 00:04:54,480
Speaker 4: of the new administration policies come online.

85
00:04:54,600 --> 00:04:57,520
Speaker 1: Former Saint Louis FED President Jim Bullard is a candidate

86
00:04:57,560 --> 00:04:59,720
Speaker 1: to succeed j. Powace Cheer next year. He was a

87
00:04:59,720 --> 00:05:03,200
Speaker 1: guest ston Bloomberg Surveillance the twenty twenty five Ryder Cup.

88
00:05:03,200 --> 00:05:06,120
Speaker 1: Heading into Saturday, Europe leeds the United States five and

89
00:05:06,120 --> 00:05:07,920
Speaker 1: a half to two and a half. The Friday number

90
00:05:07,960 --> 00:05:10,240
Speaker 1: is on Wall Street. The Dow was up to ninety nine,

91
00:05:10,360 --> 00:05:13,360
Speaker 1: Nasdaq added ninety nine, the S and P game thirty eight.

92
00:05:13,600 --> 00:05:16,240
Speaker 1: The ten year treasury yield four point one seven percent,

93
00:05:16,240 --> 00:05:19,320
Speaker 1: the two year yield three point six four percent, that's

94
00:05:19,400 --> 00:05:22,240
Speaker 1: news when you want it with Bloomberg News. Now I'm

95
00:05:22,240 --> 00:05:24,799
Speaker 1: in Kleggy. This is Bloomberg