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Speaker 1: News when you wanted With Bloomberg News Now, I'm Brian

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Speaker 1: Curtis In Hong Kong, a highly anticipated briefing by China's

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Speaker 1: Ministry of Finance has left investors asking for more. Bloomberg's

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Speaker 1: Mimin Loo has more from Hong Kong.

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Speaker 2: The Finance Ministry offered more support for the property sector

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Speaker 2: and hinted at more government spending, but there were no

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Speaker 2: big numbers to back it up. Investors appeared disappointed by

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Speaker 2: the lack of a big headline figure for new stimulus.

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Speaker 2: A Bloomberg survey had earlier tipped China to deploy as

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Speaker 2: much as two trillion yun or two hundred and eighty

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Speaker 2: three billion dollars. Also, the Ministry did not offer much

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Speaker 2: to boost consumption. Meanwhile, the latest inflation data are also

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Speaker 2: likely to add to investor concerns. China's consumer prices rose

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Speaker 2: less than forecast in September, and factory gate prices dropped

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Speaker 2: two point eight percent year on year, down for a

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Speaker 2: twenty fourth straight month. In Hong Kong, I'm in Minlow

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Speaker 2: Bloomberg Radio.

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Speaker 1: Meantime, Goldman Sachs upgraded its forecast for China's growth twenty

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Speaker 1: twenty four and twenty five. The bank expects China's GDP

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Speaker 1: to expand four point nine percent this year, up from

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Speaker 1: four point seven percent. It sees next year at four

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Speaker 1: point seven percent from four point three percent. The US

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Speaker 1: Producer Price Index was unchanged last month. It could give

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Speaker 1: investors some comfort about the path on inflation after last

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Speaker 1: week stronger than expected CPI print. Jennifer Lee is a

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Speaker 1: senior economist at BEMO Capital Markets.

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Speaker 3: Whatever happens with the PPI doesn't always filter into the

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Speaker 3: Consumer Price Index, so we're always just looking more closely

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Speaker 3: on the CPI and of course the core PCD later.

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Speaker 3: Right now, I mean, it looks like, you know, we

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Speaker 3: got a little bit ahead of ourselves, perhaps with a

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Speaker 3: slightly hotter than expected number that we saw yesterday for

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Speaker 3: CPI and the sort of balanced it out.

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Speaker 1: Meantime, US consumer sentiment unexpectedly fell for the first time

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Speaker 1: in three months. TSMC is said to be planning more

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Speaker 1: plants in Europe. That's according to Taiwan's National Tech Council.

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Speaker 1: TSMC has begun construction of the first fab in Germany's Dresden.

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Speaker 1: The US is sending advanced missile defense systems to Israel Bloomberg.

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Speaker 1: Ed Baxter has the story.

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Speaker 4: The Pentagon says the Terminal High Altitude Air Defense Battery

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Speaker 4: or THAD, will buttress Israel's own air defense as the

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Speaker 4: Iron Dome, with an attempt to deter Iran from further attacks.

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Speaker 4: The Pentagon also says it will send associated troops to

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Speaker 4: operate the systems. Each system has ninety five soldiers attached

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Speaker 4: to it. The Pentagon says the action underscores the US

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Speaker 4: ironclad commitment to the defense of Israel from Iran attacks.

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Speaker 4: Ed Baxter Bloomberg Radio.

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Speaker 1: Meantime, HESBA LA said it fired a missile salvo targeting

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Speaker 1: an explosives factory south of Haifa, Israel. At least sixty

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Speaker 1: seven people were injured in Israel. Israel's Channel twelve says

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Speaker 1: among those, four are in critical condition. Following the explosion,

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Speaker 1: the Israeli Air Force said that it intercepted an unmanned

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Speaker 1: aerial vehicle that was launched from Lebanon toward the ocean. Yesterday,

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Speaker 1: President Joe Biden announced six hundred and twelve billion dollars

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Speaker 1: in recovery aid for areas stricken by hurricanes Milton and Helene.

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Speaker 1: Biden made the announcement as he surveyed the aftermath of

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Speaker 1: Milton in Florida. Biden says the funding will help those

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Speaker 1: who've been affected by the hurricanes.

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Speaker 5: That includes forty seven million dollars for Gains Full of

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Speaker 5: regional utilities and another forty seven million dollars for Florida

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Speaker 5: Power Light. This funding will not only restore power, but

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Speaker 5: will make the region's power system stronger and more capable.

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Speaker 1: President Biden the White House says that Sunday's funding announcement

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Speaker 1: will go towards six Department of Energy projects to strengthen

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Speaker 1: the region's electric grid.

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Speaker 4: To starshist journeys.

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Speaker 1: From SpaceX's Starship rocket flying to space and then landing

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Speaker 1: in the ocean, Musk's venture successfully completed a fifth major

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Speaker 1: test flight. The flight included the first ever catch of

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Speaker 1: the craft booster at the launch tower. Bloomberg's Eric Johnson

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Speaker 1: says that this SpaceX test flight is a win for

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Speaker 1: Elon Musk's ambitions of sending people to the Moon and Mars.

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Speaker 6: This was a really dramatic accomplishment for SpaceX. This was

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Speaker 6: the fifth major test flight of the Starship rocket system,

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Speaker 6: and it was very similar initially far as it went

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Speaker 6: to space and the starship. Upper portion itself came back

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Speaker 6: and executed a pinpoint landing in the ocean, but the

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Speaker 6: major feat was the recapture of the lower portion, the

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Speaker 6: super heavy booster, which actually propels the whole thing to space,

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Speaker 6: so that came back, slowed itself down by reigniting its engines,

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Speaker 6: and then was captured by these giant mechanical arms back

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Speaker 6: at the tower about seven minutes after liftoff.

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Speaker 1: That was Bloomberg's Eric Johnson in Sports news, the Los

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Speaker 1: Angeles Dodgers have beaten the New York Mets nine to

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Speaker 1: nothing in Game one of the National Championship Series. That's

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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. This is Bloomberg