1
00:00:00,880 --> 00:00:04,120
Speaker 1: News when you want it with Bloomberg News Now, i'd

2
00:00:04,200 --> 00:00:08,119
Speaker 1: Kaleggi and another side of the ongoing popularity of mean coins.

3
00:00:08,119 --> 00:00:12,080
Speaker 1: A platform that lets people create their own highly speculative tokens,

4
00:00:12,200 --> 00:00:16,360
Speaker 1: raised six hundred million dollars within twelve minutes Saturday. Pump

5
00:00:16,480 --> 00:00:20,320
Speaker 1: dot fund so called initial coin offering, ranks among the

6
00:00:20,440 --> 00:00:23,560
Speaker 1: largest ever and comes a day after the largest cryptocurrency

7
00:00:23,600 --> 00:00:27,760
Speaker 1: and market Bellweather Bitcoin hit a fresh record high. The platform,

8
00:00:27,800 --> 00:00:30,400
Speaker 1: which is based on the Salona blockchain, set in a

9
00:00:30,520 --> 00:00:33,040
Speaker 1: July ninth post on x that it planned to sell

10
00:00:33,080 --> 00:00:35,840
Speaker 1: one hundred and fifty billion of its tokens at point

11
00:00:36,159 --> 00:00:39,680
Speaker 1: zero zero four cents each and that it had already

12
00:00:39,800 --> 00:00:42,360
Speaker 1: sold a block of one hundred and eighty billion tokens

13
00:00:42,360 --> 00:00:46,000
Speaker 1: at the same price to private investors. President Trump unleashed

14
00:00:46,040 --> 00:00:49,960
Speaker 1: his latest terrafultimatums, declaring a thirty percent rate for Mexico

15
00:00:50,000 --> 00:00:52,880
Speaker 1: in the European Union as his trade agenda continues to

16
00:00:52,960 --> 00:00:57,480
Speaker 1: keep ballies off balance and inject uncertainty into global financial markets.

17
00:00:57,640 --> 00:00:59,880
Speaker 1: Trump made the announcement in two letters posted to so

18
00:01:00,000 --> 00:01:03,200
Speaker 1: social media Saturday, as he informed key trading partners of

19
00:01:03,280 --> 00:01:05,720
Speaker 1: new rates that will kick in August first if they

20
00:01:05,720 --> 00:01:08,760
Speaker 1: cannot negotiate better terms. The EU had been hoping to

21
00:01:08,800 --> 00:01:11,760
Speaker 1: conclude a tentative deal with the US to stave off

22
00:01:11,840 --> 00:01:15,720
Speaker 1: higher tariffs, but Trump's letter punctured the recent optimism in

23
00:01:15,760 --> 00:01:18,640
Speaker 1: Brussels over the prospects for an eleventh hour agreement between

24
00:01:18,680 --> 00:01:22,600
Speaker 1: the major economies. Here's Bloomberg's Kevin Whitelaw on what President

25
00:01:22,600 --> 00:01:23,840
Speaker 1: Trump did on Saturday.

26
00:01:23,920 --> 00:01:27,200
Speaker 2: President Donald Trump is continuing his rollout of tariff threats

27
00:01:27,240 --> 00:01:29,600
Speaker 2: to a number of countries, this time hitting the European

28
00:01:29,680 --> 00:01:33,000
Speaker 2: Union in Mexico with thirty percent terriffs starting August first,

29
00:01:33,080 --> 00:01:35,400
Speaker 2: or at least so he's threatening, he's also allowing a

30
00:01:35,440 --> 00:01:38,720
Speaker 2: certain amount of negotiating room and suggesting that if the

31
00:01:38,760 --> 00:01:42,120
Speaker 2: trading block in the America's neighbor to the south meets

32
00:01:42,160 --> 00:01:44,960
Speaker 2: certain terms, that there may well be an adjustment. So

33
00:01:45,000 --> 00:01:47,520
Speaker 2: I think these letters come at this point in time

34
00:01:47,600 --> 00:01:50,000
Speaker 2: for the europe in particular, which had been they thought

35
00:01:50,040 --> 00:01:53,400
Speaker 2: pretty far advanced to negotiations aimed at avoiding these terriff fikes.

36
00:01:53,640 --> 00:01:56,520
Speaker 2: But with the August one deadline, there still remains a

37
00:01:56,560 --> 00:01:58,480
Speaker 2: little bit of negotiating room ahead.

38
00:01:58,640 --> 00:02:02,760
Speaker 1: Bloomberg's Kevin whitelaw. Amazon's Prime Day sale help boost online

39
00:02:02,800 --> 00:02:05,760
Speaker 1: spending across all retailers in the US by thirty point

40
00:02:05,840 --> 00:02:08,600
Speaker 1: three percent to twenty four point one billion dollars. This

41
00:02:08,680 --> 00:02:11,760
Speaker 1: according to Adobe, topping its estimate for twenty eight point

42
00:02:11,760 --> 00:02:14,720
Speaker 1: four percent growth for the period ending July eleventh. It's

43
00:02:14,760 --> 00:02:16,880
Speaker 1: a good sign for the online retailer, as well as

44
00:02:16,880 --> 00:02:20,040
Speaker 1: competitors such as Walmart and Target, which hosted their own

45
00:02:20,080 --> 00:02:23,800
Speaker 1: overlapping sales. Amazon expanded Prime Day from two days to

46
00:02:23,840 --> 00:02:25,880
Speaker 1: four this year in an effort to give shoppers more

47
00:02:25,960 --> 00:02:28,760
Speaker 1: time to browse than millions of discounts offered on its

48
00:02:28,760 --> 00:02:32,080
Speaker 1: web store. You know how President Trump keeps threatening to

49
00:02:32,160 --> 00:02:36,160
Speaker 1: fire fed cheer J Powell. Well, One strategist says investors

50
00:02:36,200 --> 00:02:38,840
Speaker 1: could be sorry if the President gets his wish. We

51
00:02:38,960 --> 00:02:40,480
Speaker 1: get more from Bloomberg's than Ease.

52
00:02:40,520 --> 00:02:44,560
Speaker 3: Pellegrini, a Deutsche Bank strategist, calls the potential dismissal of

53
00:02:44,639 --> 00:02:49,320
Speaker 3: Powell a major and underpriced risk. George Saravelos, global head

54
00:02:49,320 --> 00:02:52,480
Speaker 3: of DB's foreign exchange strategy, says if President Trump were

55
00:02:52,520 --> 00:02:55,560
Speaker 3: to force Powell out, we would probably see a drop

56
00:02:55,639 --> 00:02:58,520
Speaker 3: in the tradewaighted dollar and a fixed income sell off,

57
00:02:58,639 --> 00:03:02,480
Speaker 3: with the greenback and bonds carrying a persistent risk premium.

58
00:03:02,680 --> 00:03:05,120
Speaker 3: He also says investors would likely interpret the move as

59
00:03:05,120 --> 00:03:08,960
Speaker 3: a direct affront to FED independence, and he says the

60
00:03:09,000 --> 00:03:14,000
Speaker 3: consequences could reverberate far beyond US borders. Denise Pellgrity Bloomberg Radio.

61
00:03:14,160 --> 00:03:17,320
Speaker 1: The Washington Post reports Attorney General Pam Bondi this week

62
00:03:17,360 --> 00:03:20,320
Speaker 1: fired multiple Justice Department employees who were involved in two

63
00:03:20,400 --> 00:03:23,920
Speaker 1: federal prosecutions a President Trump during the Biden administration. This

64
00:03:24,000 --> 00:03:27,280
Speaker 1: according to several people familiar with determinations who spoke of

65
00:03:27,320 --> 00:03:30,760
Speaker 1: the condition of anonymity to avoid retribution. In total, twenty

66
00:03:30,800 --> 00:03:33,680
Speaker 1: people were fired from the department, including two prosecutors who

67
00:03:33,720 --> 00:03:37,120
Speaker 1: worked under former Special Council Jack Smith. This according to

68
00:03:37,160 --> 00:03:39,520
Speaker 1: one person familiar with the removals. The rest of the

69
00:03:39,640 --> 00:03:43,720
Speaker 1: dismissed employees were support staff and US marshals who assisted

70
00:03:43,800 --> 00:03:47,520
Speaker 1: those prosecutors. Columbia University may be nearing a deal with

71
00:03:47,560 --> 00:03:50,880
Speaker 1: the Trump administration to reinstate federal funding to the university

72
00:03:50,880 --> 00:03:54,160
Speaker 1: over civil rights issues. This according to reports by multiple

73
00:03:54,200 --> 00:03:57,160
Speaker 1: news outlets. The Washington Free Beacon and Wall Street Journal

74
00:03:57,200 --> 00:04:00,280
Speaker 1: reported the deal would require Columbia to pay huntreds of

75
00:04:00,320 --> 00:04:03,760
Speaker 1: millions of dollars to those affected by the alleged violations,

76
00:04:04,120 --> 00:04:07,960
Speaker 1: increased transparency in its hiring and admissions processes, and take

77
00:04:08,000 --> 00:04:10,800
Speaker 1: other steps to improve security and safety on campus for

78
00:04:11,040 --> 00:04:14,560
Speaker 1: Jewish students. Ge Vernova will pay ten and a half

79
00:04:14,680 --> 00:04:17,800
Speaker 1: million dollars to the town of Nantucket, Massachusetts, after one

80
00:04:17,839 --> 00:04:21,200
Speaker 1: of its offshore wind turbine blades broke into pieces and

81
00:04:21,440 --> 00:04:24,880
Speaker 1: washed ashore last year. More on this from Bloomberg's Charlie Pellett.

82
00:04:25,040 --> 00:04:28,720
Speaker 4: The incident's sparked outrage in the wealthy island community, where

83
00:04:28,760 --> 00:04:32,880
Speaker 4: residents criticize the temporary beach closure and damage to its

84
00:04:32,920 --> 00:04:37,520
Speaker 4: otherwise pristine coast. The busted blade served as a visual

85
00:04:37,600 --> 00:04:41,400
Speaker 4: setback for an industry already grappling with high interest rates,

86
00:04:41,440 --> 00:04:45,640
Speaker 4: supply chain problems, and mounting hostility from the Trump administration.

87
00:04:46,240 --> 00:04:48,320
Speaker 4: The money will be used to create a fund to

88
00:04:48,400 --> 00:04:52,880
Speaker 4: compensate local businesses for clean up costs, foregone rental income,

89
00:04:53,040 --> 00:04:57,479
Speaker 4: and other losses. In New York, Charlie Pellett's Bloomberg Radio.

90
00:04:57,320 --> 00:05:01,000
Speaker 1: Add wimbled and IgA Shrivontek won the women championship with

91
00:05:01,040 --> 00:05:03,920
Speaker 1: a six love, six love straight set victory over Amanda

92
00:05:03,960 --> 00:05:07,480
Speaker 1: any Samova. That's news. When you wanted with Bloomberg News,

93
00:05:07,520 --> 00:05:08,800
Speaker 1: Now I made Koleggi.

94
00:05:09,080 --> 00:05:10,360
Speaker 2: This is Bloomberg