Speaker 1: News when you want it with Bloomberg News Now, i'med Kleggi.
Speaker 1: Microsoft is investigating whether a leak from its early alert
Speaker 1: system for cybersecurity companies allowed Chinese hackers to exploit flaws
Speaker 1: in its SharePoint service before they were patched. This according
Speaker 1: to people familiar with the matter. The technology company is
Speaker 1: looking into whether the program, designed to give cybersecurity experts
Speaker 1: a chance to fix computer systems before the revelation of
Speaker 1: news security concerns, led to the widespread exploitation of vulnerabilities
Speaker 1: in its SharePoint software globally over the past several days.
Speaker 1: The Wall Street Journal reports that Health and Human Services
Speaker 1: Secretary Robert F. Kennedy Junior plans to oust members of
Speaker 1: the advisory board that decides which preventative health measures are
Speaker 1: covered by insurance. Kennedy is expected to remove the sixteen
Speaker 1: members of the US Preventative Services Task Force because he
Speaker 1: views them as woke. The Journal reported this signing sources
Speaker 1: familiar with the matter. The task Force makes recommendations about
Speaker 1: the best preventive services, including cancer screenings, behavioral counseling, and medications,
Speaker 1: for the federal government based on a review of scientific evidence.
Speaker 1: Their group was created in nineteen eighty four and as
Speaker 1: comprised of volunteer physicians who were vetted for their conflicts
Speaker 1: of interest. Wall Street wraps up the trading week at
Speaker 1: a record We get more on this from Bloomberg's Charlie Pellett.
Speaker 2: The S and P five hundred index is now at
Speaker 2: sixty three eighty eight, ending the week with a gain
Speaker 2: of about one and a half percent. Stock's advanced amid
Speaker 2: a solid earning season and hopes for trade deals. Progress
Speaker 2: on trade, positive economic data, and signs of corporate resilience
Speaker 2: of offset worries that stocks are overheating, with more than
Speaker 2: eighty percent of S and P five hundred companies exceeding
Speaker 2: profit estimates. For the week, the Dow was up one
Speaker 2: point three percent. NASDACK advanced one percent in New York.
Speaker 2: Charlie Pellett Bloomberg Radio.
Speaker 1: European Commission President Ursula vonder Layan said she will travel
Speaker 1: to Scotland this weekend to meet with President Trump, as
Speaker 1: the two sides aimed to conclude a trade deal ahead
Speaker 1: of in August first deadline, when thirty percent tariffs on
Speaker 1: the blocks exports are otherwise due to kick in. After
Speaker 1: months of talks in shuttle diplomacy between Brussels and Washington.
Speaker 1: The two sides have been zeroing in on an agreement
Speaker 1: this past week that would see the EU phase fifteen
Speaker 1: percent tariffs on most of its trade. Bloomberg previously reported
Speaker 1: limited exemptions are expected for aviation, some medical devices in
Speaker 1: generic medicines, several spirits, and a specific set of manufacturing
Speaker 1: equipment that the US needs. Israeli Prime Minister of Benjamin Netanyah,
Speaker 1: who said Fridi his government was considering alternative options to
Speaker 1: cease fire talks with a mass after Israel and the
Speaker 1: US recall their negotiating teams, throwing the future of the
Speaker 1: negotiations into further uncertainty. Netanyah, who's statement came as a
Speaker 1: Hamas official, said negotiations were expected to resume next week
Speaker 1: and portrayed the recall of the Israelian American delegations as
Speaker 1: a pressure tactic. We get more from Bloomberg's Jamano burkeetche
Speaker 1: in Dubai.
Speaker 3: There were hopes that maybe a ceasefire would be agreed
Speaker 3: to once again between Hama and the Israeli side, but
Speaker 3: as we found out in the last twenty four hours,
Speaker 3: negotiations have broken down and the US have fully withdrawn
Speaker 3: their teams now from Doha at Steve Whitcoff, the US
Speaker 3: Middle East Envoy, saying that Hamaser not acting.
Speaker 1: In good faith, and Bloomberg's germana Burguecci says Following that
Speaker 1: pull out, French President Emmanuel mal Crone said he would
Speaker 1: recognize Palestine as a state this fall. Secretary of State
Speaker 1: Mark Arrubio called that move a slap in the face
Speaker 1: to the October seventh victims. A federal judge Fridday blocked
Speaker 1: the Trump administration from ending birthright citizenship for the children
Speaker 1: of parents who are in the US illegally, issuing the
Speaker 1: third Court ruling blocking the birthright order nationwide. It's a
Speaker 1: key Supreme Court decision. In June, US District Judge Leo
Speaker 1: Serrocn found that a nationwide injunction granted to more than
Speaker 1: a dozen states remains in force under an exemption to
Speaker 1: the Supreme Court ruling. The states have argued that Trump's
Speaker 1: birthright citizenship order is blatantly unconstitutional and threatens millions of
Speaker 1: dollars for health insurance services that are contingent on citizenship status.
Speaker 1: The issue is expected to move quickly back to the
Speaker 1: nation's highest court. The Federal Reserve is offering a note
Speaker 1: of thanks on social media to President Trump after his
Speaker 1: visit to the Central Bank's headquarters, where he kept up
Speaker 1: some of his criticism over its cost overruns. Bloomberg's Michael
Speaker 1: McKee has more from New York.
Speaker 4: The Federal Reserve says they were honored to welcome the
Speaker 4: President yesterday for a visit to our historic headquarters. We
Speaker 4: appreciated the opportunity to share progress on the renovation with
Speaker 4: him and with Senators Tim Scott and Tom Tillis. They're
Speaker 4: grateful for the President's encouragement to complete this project, and
Speaker 4: they say they remain committed to continuing to be careful
Speaker 4: stewards of these resources as we see the product through
Speaker 4: to completion.
Speaker 1: Bloomberg's Michael McKee. The Friday numbers on Wall Street, the
Speaker 1: down was up two oh eight, NASDAK gain fifty, the
Speaker 1: S and P up twenty five. The ten year Treasury
Speaker 1: yield is at four point three eight percent, the two
Speaker 1: year at three point nine two percent. That's news when
Speaker 1: you want it. With Bloomberg News Now, I made Kleggy.
Speaker 1: This is Blomberg