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Speaker 1: News when you want it With Bloomberg News Now, I'm

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Speaker 1: Brian Curtis in Hong Kong. A panel of Democratic Party

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Speaker 1: leaders will meet today to finalize plans for an early

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Speaker 1: nomination process for the party's presidential nominee. Bloomberg's Ed Baxter

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Speaker 1: has the story.

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Speaker 2: The preliminary plan would have the delegate vote take place

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Speaker 2: the first week in August and would formalize the result

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Speaker 2: of the thirty two hour blitz. Kamala Harris put on

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Speaker 2: to gain the delegation support. The Ohio deadline to get

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Speaker 2: the name on the ballot was moved back, but there

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Speaker 2: are several other states with deadlines during the convention, and

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Speaker 2: with a Heritage foundation threatening to sue to keep Harris's

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Speaker 2: name from appearing, the party has decided to move so

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Speaker 2: that there is not a replacement process, just a nominating process.

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Speaker 2: Party attorney saying they will not allow MAGA extremists to

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Speaker 2: disrupt the electoral process. Ed Baxter Bloomberg.

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Speaker 1: Radio Vice President Kamala Harris is racking up more endorsement

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Speaker 1: is for her newly minted presidential bid. Bloomberg's Nathan Hager

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Speaker 1: has more from Washington.

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Speaker 3: Melinda French Gates is among the latest billionaires to back

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Speaker 3: Harris's bid. In a post on X, the former co

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Speaker 3: chair of the Bill and Melinda Gates Foundation called Harris

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Speaker 3: a leader who knows that when women have their full

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Speaker 3: power in society, we all thrive. French Gates offered similar

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Speaker 3: support for President Biden last month before he ended his bid,

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Speaker 3: and actor George Clooney, probably the most prominent donor to

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Speaker 3: call on the President to step aside, gave a statement

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Speaker 3: to CNN. Clooney says he'd support Harris and thanks President

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Speaker 3: Biden for, in his words, saving democracy in Washington. I'm

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Speaker 3: Nathan Hager Bloomberg Radio.

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Speaker 1: Tesla has reported his fourth consecutive quarter of disappointing profits.

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Speaker 1: Steve Mann at Bloomberg Intelligence says overseas competition is putting

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Speaker 1: pressure on the automaker.

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Speaker 4: Testa's going to have to contend with the continued price

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Speaker 4: war in China, continue price decline in the US. But

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Speaker 4: one of the things that they're doing that could help

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Speaker 4: is expanding into markets like South Korea, and they just

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Speaker 4: shipped more vehicles into the UK and and and now

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Speaker 4: into the Middle East.

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Speaker 1: Tesla will not unveil its Robotaxi until October tenth that's

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Speaker 1: delayed from August. A new lower cost car will not

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Speaker 1: go into production until the first half of next year.

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Speaker 1: A plan factory in Mexico is on pause at least

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Speaker 1: through the election, and the humanoid robot won't be ready

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Speaker 1: anytime soon. Elon Musk called four patients. Shares of Tesla

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Speaker 1: were down eight percent in after hours. Alphabet reported second

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Speaker 1: quarter revenue that beat estimates. The results were lifted by

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Speaker 1: demand for cloud computing services and search advertising. However, YouTube

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Speaker 1: missed on sales. Reaction from Mandeep Singh at Bloomberg Intelligence, A.

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Speaker 5: Search once again performed very well. It was better than consensus,

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Speaker 5: and with Alphabet, whenever search beats consensus, you know the

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Speaker 5: operating margin it will come, and that was the same here.

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Speaker 5: The only number that disappointed was a YouTube ass revenue.

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Speaker 5: Up until last quarter, they made it up through better

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Speaker 5: YouTube subscription sales. Now that doesn't seem to be the

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Speaker 5: case because the YouTube subscription number is reported alongside the

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Speaker 5: app store revenue, so it's hard to unpack whether that

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Speaker 5: was the weak part or the app store revenue was

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Speaker 5: the weakling.

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Speaker 1: Bloomberg's man Deep Singh, Shares of Alphabet were down two

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Speaker 1: percent in late trading. Kimberly Cheetle, the director of the

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Speaker 1: Secret Service, is stepping down from the job. This follows

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Speaker 1: the assassination attempt against former President Donald Trump. Her resignation

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Speaker 1: comes a day after she appeared before a Congressional committee

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Speaker 1: and was berated by both Democrats and Republicans for the

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Speaker 1: security failures. We get more from Bloomberg's Jordan Fabian.

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Speaker 6: She was asked the ranger questions about the agency's preparation

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Speaker 6: for that event securing the area, also questions about the

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Speaker 6: size and scope of the detail protecting former President Trump,

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Speaker 6: and she didn't really give any substantial answers to those,

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Speaker 6: you know, basically saying that you know, they pursued what

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Speaker 6: the plan they had and that wasn't satisfactory to members.

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Speaker 6: You had members from you know, Rashida to leave, to

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Speaker 6: James Comber going after him and are going after her,

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Speaker 6: excuse me, and that just you know, further doug a

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Speaker 6: hole for herself in terms of public credibility.

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Speaker 1: Bloomberg's Jordan Fabian. Kimberly Cheedle has served as Secret Service

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Speaker 1: director since August of twenty twenty two. Anti scale security

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Speaker 1: fences are up at the US Capitol Building. That's ahead

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Speaker 1: of Israeli Prime Minister Benjamin Netanyahu's address to a joint

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Speaker 1: meeting of Congress. Bloomberg's Amy Morris has a preview.

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Speaker 7: As Netanyahu arrived in Washington, he indicated that conditions for

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Speaker 7: a cease fire and hostage deal with Hamas are quote

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Speaker 7: becoming ripe, suggesting the two sides are getting closer to

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Speaker 7: agreeing to at least a temporary halt to their war

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Speaker 7: in Gaza. While he is addressing Congress, he'll attempt to

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Speaker 7: shore up you as support for Israel. However, many Democratic

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Speaker 7: lawmakers have indicated they will not attend. Protesters are also

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Speaker 7: expected in and around the Capitol. Netanyahu is scheduled to

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Speaker 7: meet with President Biden on Thursday, and then we'll meet

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Speaker 7: with former President Trump in Florida on Friday. In Washington.

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Speaker 7: Amy Moore as Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News Now.

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Speaker 1: I'm Brian Curtis. This is Bloomberg