1
00:00:01,280 --> 00:00:03,360
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:03,360 --> 00:00:07,480
Speaker 1: Doug Prisner. A federal appeals court has rejected President Trump's

3
00:00:07,480 --> 00:00:10,760
Speaker 1: bid to on seat FED Governor Lisa Cook. So the

4
00:00:10,800 --> 00:00:13,400
Speaker 1: next move will have to come from the US Supreme

5
00:00:13,440 --> 00:00:16,520
Speaker 1: Court to prevent Cook from joining the fed's two day

6
00:00:16,560 --> 00:00:19,680
Speaker 1: meeting that begins tomorrow. And at the same time tonight

7
00:00:19,720 --> 00:00:23,200
Speaker 1: in Washington, the US Senate confirmed Stephen Myron as a

8
00:00:23,239 --> 00:00:26,079
Speaker 1: FED governor. This will pave the way for Myron to

9
00:00:26,160 --> 00:00:29,639
Speaker 1: participate in the FED meeting. He is currently chair of

10
00:00:29,680 --> 00:00:33,280
Speaker 1: the White House Council of Economic Advisors. Here is Bloomberg's

11
00:00:33,320 --> 00:00:34,320
Speaker 1: Katerina Sariva.

12
00:00:34,479 --> 00:00:38,000
Speaker 2: We haven't seen a huge market reaction yet. You know,

13
00:00:38,080 --> 00:00:41,800
Speaker 2: even when he was first nominated by the President, there wasn't,

14
00:00:42,120 --> 00:00:45,600
Speaker 2: you know, some massive reaction. And that's kind of been

15
00:00:46,720 --> 00:00:49,320
Speaker 2: kind of interesting, right people have thought that maybe we

16
00:00:49,360 --> 00:00:52,640
Speaker 2: would see a bigger reaction. Now. Maybe part of that

17
00:00:52,840 --> 00:00:56,040
Speaker 2: is because he is just one vote, you know, out

18
00:00:56,040 --> 00:01:00,800
Speaker 2: of twelve on the Federal Open Market Committee, so he's

19
00:01:00,960 --> 00:01:03,760
Speaker 2: alone is not going to change inter streight policy.

20
00:01:03,960 --> 00:01:07,399
Speaker 1: That is Bloomberg's Katerina Sariva. Now, Myron has said that

21
00:01:07,440 --> 00:01:10,240
Speaker 1: he would take a leave from his role, but not resign,

22
00:01:10,760 --> 00:01:12,880
Speaker 1: so this would be the first time in ninety years

23
00:01:12,880 --> 00:01:15,399
Speaker 1: that a sitting White House official will have a role

24
00:01:15,840 --> 00:01:20,520
Speaker 1: in setting monetary policy. President Trump has approved a National

25
00:01:20,520 --> 00:01:23,600
Speaker 1: Guard deployment to Memphis to crack down on crime in

26
00:01:23,600 --> 00:01:26,240
Speaker 1: that city. This is part of Trump's effort to expand

27
00:01:26,280 --> 00:01:29,720
Speaker 1: the use of the military to implement his policies, and

28
00:01:29,760 --> 00:01:33,520
Speaker 1: Trump said that Chicago will probably be next. Here is

29
00:01:33,600 --> 00:01:35,080
Speaker 1: Attorney General Pambondi.

30
00:01:35,720 --> 00:01:37,720
Speaker 2: Everyone's working hand in hand, and that's why we've been

31
00:01:37,760 --> 00:01:38,520
Speaker 2: so successful.

32
00:01:38,600 --> 00:01:40,120
Speaker 1: We're going to do that in Memphis and we're going

33
00:01:40,160 --> 00:01:42,800
Speaker 1: to get crime off the streets. Attorney General Pam Bondi

34
00:01:42,880 --> 00:01:47,000
Speaker 1: there now. Tennessee's Republican Governor Bill Lee is in support

35
00:01:47,040 --> 00:01:50,240
Speaker 1: of this move. However, critics are warning the move echoes

36
00:01:50,360 --> 00:01:54,840
Speaker 1: other federal interventions in democratic cities, and the legality of

37
00:01:54,880 --> 00:01:58,600
Speaker 1: those moves is being challenged now in court. Officials from

38
00:01:58,640 --> 00:02:01,160
Speaker 1: the US and China have reached a framework on keeping

39
00:02:01,200 --> 00:02:04,120
Speaker 1: TikTok running in the US. This sets the stage for

40
00:02:04,160 --> 00:02:07,320
Speaker 1: a phone call on Friday between President Trump and Chinese

41
00:02:07,400 --> 00:02:11,200
Speaker 1: President she Jinping. Now. The framework was reached during talks

42
00:02:11,200 --> 00:02:15,000
Speaker 1: in Madrid and Treasury Secretary Scott Besson confirmed a plan

43
00:02:15,200 --> 00:02:19,320
Speaker 1: for US ownership of TikTok. President Trump spoke earlier to

44
00:02:19,360 --> 00:02:20,920
Speaker 1: reporters in the Oval Office.

45
00:02:21,120 --> 00:02:25,840
Speaker 3: It's important and it can maybe even bring us closer

46
00:02:25,880 --> 00:02:27,760
Speaker 3: to Jena. We had a very good meeting with John.

47
00:02:27,800 --> 00:02:30,880
Speaker 3: I was surprised. I didn't expect it to that extent.

48
00:02:30,960 --> 00:02:34,480
Speaker 3: And I'm going to speak again with President She on Friday,

49
00:02:34,560 --> 00:02:37,120
Speaker 3: and you know, I think that'll confirm things up.

50
00:02:37,240 --> 00:02:40,640
Speaker 1: President Trump speaking there now. China's Commerce ministry called the

51
00:02:40,639 --> 00:02:45,000
Speaker 1: deal a consensus, although some technical hurdles do remain. A

52
00:02:45,040 --> 00:02:48,960
Speaker 1: breakthrough could unlock a long awaited Trump She summit at

53
00:02:49,000 --> 00:02:54,160
Speaker 1: APEC next month. FBI Director Cash Pttel says DNA evidence

54
00:02:54,200 --> 00:02:58,480
Speaker 1: confirms Tyler Robinson used the rifle that killed conservative activist

55
00:02:58,600 --> 00:03:02,880
Speaker 1: Charlie Kirk last week. Utah Pattel also said agents recovered

56
00:03:02,880 --> 00:03:07,240
Speaker 1: the contents of a destroyed note in which Robinson allegedly

57
00:03:07,280 --> 00:03:10,800
Speaker 1: wrote of his intent to shoot Kirk. Authority say Robinson

58
00:03:10,919 --> 00:03:15,600
Speaker 1: was politically radicalized online and may have acted alone. Here

59
00:03:15,680 --> 00:03:18,079
Speaker 1: is Bettel, speaking earlier to Fox News.

60
00:03:18,440 --> 00:03:23,960
Speaker 2: His family has collectively told investigators that he subscribed to

61
00:03:24,040 --> 00:03:27,280
Speaker 2: left wing ideology, and even more so in these last

62
00:03:27,360 --> 00:03:28,040
Speaker 2: couple of years.

63
00:03:28,200 --> 00:03:32,320
Speaker 1: Meantime, the Washington Post reports it has obtained screenshots of

64
00:03:32,360 --> 00:03:37,520
Speaker 1: a confession by Robinson from the online platform Discord. Robinson

65
00:03:37,760 --> 00:03:41,000
Speaker 1: is to be formally charged in a court appearance on Tuesday.

66
00:03:41,880 --> 00:03:45,840
Speaker 1: Live Nation's Ticketmaster is being investigated over whether it's done

67
00:03:46,000 --> 00:03:50,520
Speaker 1: enough to keep bots from illegally reselling tickets on its platform.

68
00:03:50,840 --> 00:03:53,960
Speaker 1: We are told the FTC probe is in its advanced

69
00:03:54,000 --> 00:03:56,880
Speaker 1: stages and a decision whether to bring a case could

70
00:03:56,960 --> 00:04:00,640
Speaker 1: be made within weeks. President Trump said he does not

71
00:04:00,760 --> 00:04:04,000
Speaker 1: think companies should have to report earnings every quarter. In

72
00:04:04,080 --> 00:04:06,760
Speaker 1: a post on truth Social Trump said companies should do

73
00:04:06,800 --> 00:04:10,160
Speaker 1: it every six months so managers can focus on running

74
00:04:10,200 --> 00:04:14,800
Speaker 1: their businesses. Bloomberg Intelligence senior US policy analyst Nathan Dean

75
00:04:14,920 --> 00:04:18,200
Speaker 1: says the president could get his wish, but not until

76
00:04:18,240 --> 00:04:19,200
Speaker 1: twenty twenty seven.

77
00:04:19,800 --> 00:04:22,640
Speaker 4: This is something that occurred before, back in twenty eighteen,

78
00:04:22,720 --> 00:04:25,840
Speaker 4: and the market participant's reaction to this was somewhat mixed.

79
00:04:26,080 --> 00:04:28,599
Speaker 4: Investors were like, look, we want this data, but companies

80
00:04:28,600 --> 00:04:31,400
Speaker 4: were also saying, well, there potentially could be some capital

81
00:04:31,440 --> 00:04:34,840
Speaker 4: formation positives for this idea of long term investing.

82
00:04:34,960 --> 00:04:39,120
Speaker 1: Nathan Dean there he is US policy analyst with Bloomberg Intelligence.

83
00:04:39,760 --> 00:04:42,440
Speaker 1: And that is news when you want it, with Bloomberg News. Now,

84
00:04:42,480 --> 00:04:44,359
Speaker 1: I'm Doug Chrisner, and this is Bloomberg