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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. Asian stocks paired early gains and US equity

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Speaker 1: index futures fell as fragile optimism around a potential de

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Speaker 1: escalation in Middle East tensions faded. Gold is extending its

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Speaker 1: slump and is on track for its longest losing streak

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Speaker 1: on record. Futures contracts for the S and P five

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Speaker 1: hundred index erased early gains after The Wall Street Journal

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Speaker 1: reported that US allies and the Persian Gulf are inching

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Speaker 1: toward joining the fight against Iran, and Brent Crew jumped

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Speaker 1: about three and a half percent back above one hundred

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Speaker 1: and three dollars a barrel after plunging eleven percent Monday

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Speaker 1: as President Trump announced a delay in striking Iran's energy assets.

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Speaker 2: With Iran, we've been negotiating for a long time, and

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Speaker 2: this time they mean business. And it's only because of

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Speaker 2: the great job that our military did. Is the reason

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Speaker 2: they mean business. They want to settle and we're going

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Speaker 2: to get it done.

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Speaker 1: And I hope to President Trump pulling back on his

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Speaker 1: threat to go after Iranian infrastructure. From Aaron David Miller,

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Speaker 1: Senior Fellow at the Carnegie Endowment for International Piece.

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Speaker 3: Look, I think the chances of any agreement soon are

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Speaker 3: slim to none, and I think slim's already left tim

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Speaker 3: You need three basic elements for negotiation succeed. You need

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Speaker 3: two parties who are willing to enable. I'm not sure

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Speaker 3: you have that. Number two. You need a shared sense

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Speaker 3: of urgency. That is to say, the amount of pain

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Speaker 3: that is occurring because you don't have a negotiation is

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Speaker 3: somehow countered by the amount of gain if in fact

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Speaker 3: you entered into one. And number three, you need a

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Speaker 3: deal that's doable, that both sides could accept it.

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Speaker 1: Aaron David Miller, Senior Fellow at the Carnegie Endowment for

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Speaker 1: International Peace. The European Union and Australia have agreed to

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Speaker 1: a free trade deal, with all Australian industrial exports to

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Speaker 1: the European Union becoming tariff free. Here's President of the

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Speaker 1: European Commission, Ursula Vondelion.

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Speaker 4: Today, we are telling an important story to a world

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Speaker 4: that is deeply changing, a world where great powers are

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Speaker 4: using tariffs as a leverage and supply chains as vulnerabilities

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Speaker 4: to be exploited. In our story, open rules based trade

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Speaker 4: delivers positive sum outcomes trust met US more than transactions.

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Speaker 1: The two sides also agreed to a security and Defense

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Speaker 1: partnership to facilitate better cooperation on crisis management and security challenges.

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Speaker 1: US investigators are decoding the black box from an Air

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Speaker 1: Canada Express plane that collided Sunday night with a firetruck

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Speaker 1: at New York's LaGuardia Airport. Here's NTSB Chair Jennifer hammondy.

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Speaker 5: I understand there are a lot of questions. I've heard

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Speaker 5: them on air traffic control. I've heard questions on the tower.

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Speaker 5: I've heard questions on air traffic control, communitytions. I've heard

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Speaker 5: questions on the vehicle. Many questions.

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Speaker 1: Mark Wayne Mullen has been confirmed Department of Homeland Security Secretary,

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Speaker 1: placing him in charge of a Trump administration immigration crackdown.

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Speaker 1: President Trump's energy chief Chris Wright, is downplaying the impact

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Speaker 1: that the US Israeli war on Iran is having on

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Speaker 1: energy markets, saying prices have not risen enough to trigger

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Speaker 1: meaningful demand destruction.

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Speaker 6: Marcus do what Marcus do. Prices went up to send

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Speaker 6: signals to everyone that can produce more, please produce more.

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Speaker 6: Prices have not risen high enough yet to drive meaningful

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Speaker 6: demand destruction, but Americans and energy entrepreneurs around the world

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Speaker 6: are in genius, so things are being done. We've done

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Speaker 6: some pragmatic solutions to take floating barrels that are waiting

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Speaker 6: to unload in China and help them move into ports

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Speaker 6: in other nations in Asia to go into refineries.

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Speaker 1: Energy Secretary Chris Wright, speaking at the Sarawek conference in Houston.

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Speaker 1: Deal news in the biotech world. Gilead Sciences is acquiring

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Speaker 1: Oral Medicines, a closely held company testing novel antibody drugs

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Speaker 1: against autoimmune diseases, for as much as two point one

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Speaker 1: eight billion dollars. Stocks rallied as a possible de escalation

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Speaker 1: in the Middle East conflict led to oil falling and

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Speaker 1: stocks rising. Scott Sausnik is Chief strategistic Interactive Brokers.

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Speaker 3: The market is getting what it wants, and what it

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Speaker 3: wanted was some sort of reversal, you know, basically almost

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Speaker 3: you got us into this, you get us out of this.

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Speaker 1: The Dow up six hundred and thirty one points, up

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Speaker 1: one point four percent, s and P up seventy four,

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Speaker 1: up one point one percent. NASDAK was also up by

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Speaker 1: one point four percent, And that's news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Charlie Talatan.

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Speaker 6: This is bloomf