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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. Jim Jordan's speaker bid maybe

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Speaker 1: in Big Trouble. Bloomberg's Ed Baxter has the latest.

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Speaker 2: The first round vote was an unmistakable rebuff. He lost

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Speaker 2: much worse than Kevin McCarthy did in his voting rounds.

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Speaker 2: He will need to flip sixteen votes to gain the Gabble,

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Speaker 2: and a second round has been scheduled for eleven o'clock

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Speaker 2: Washington time this morning. Jordan has been working the phones,

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Speaker 2: but the objections being expressed are the fears of how

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Speaker 2: he will govern and ties with Donald Trump as well.

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Speaker 2: Some members who voted for him on the first round

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Speaker 2: only agreed on that one ballot. Ad Baxter Bloomberg Radio.

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Speaker 1: President Biden's trip to Israel and Jordan has begun to unraveled.

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Speaker 1: An explosion at a Gaza hospital left hundreds of people dead.

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Speaker 1: Arab leaders have pulled out of a meeting that was

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Speaker 1: planned for the trip. Gaza authorities say that it was

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Speaker 1: an Israel airstrike. Israel pointed the finger at failed missile

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Speaker 1: from the group Palestinian Islamic Jihad. Meantime, the White House

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Speaker 1: is eyeing a sizable package to help support Israel in

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Speaker 1: the wake of the Hamas attacks. We get the story

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Speaker 1: from Bloomberg's Erica Hurskowitz.

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Speaker 3: President Biden is reportedly considering a supplemental request of approximately

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Speaker 3: one hundred billion dollars that would include defense assistants for

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Speaker 3: Israel and Ukraine, alongside border security funding and aid to

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Speaker 3: nations in the Indo Pacific, including Taiwan. The comprehensive package

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Speaker 3: seeks to leverage broad bipartisan support for Israel in the

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Speaker 3: wake of the Hamas attacks to help ease passage of

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Speaker 3: aid for Ukraine, which has struggled to earn the favor

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Speaker 3: of House Republicans. The inclusion of border security funding may

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Speaker 3: also help garner support from Republicans who have long linked

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Speaker 3: additional foreign assistants to addressing an influx of migrants in

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Speaker 3: the US.

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Speaker 1: Bloomberg's Erica Hrskowitz, Well, it's another day of mostly solid

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Speaker 1: earnings for the big Wall Street banks. Traitors at Bank

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Speaker 1: of America had their best quarter in at least a decade,

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Speaker 1: and net interest income came in better than expected. Goldman

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Speaker 1: Sachs traders also beat expectations. However, real estate losses rose

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Speaker 1: for a second straight quarter. Bloomberg three not Orojen says

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Speaker 1: it's another quarter of transition for Goldman.

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Speaker 4: We talked about the second quarter for Goldman Sacks being

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Speaker 4: a kitchen sing quarter. They are doing the strategy pivot.

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Speaker 4: They owned up to their mistake with the consumer banking

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Speaker 4: for it and locked in a lot of the losses

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Speaker 4: and the hits from backing out of that in the

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Speaker 4: second quarter. Some of it is reflected in the third

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Speaker 4: quarter as well, but the lots of losses are also

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Speaker 4: just straight tied up to the real estate market and

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Speaker 4: also the fact that the investment banking market remains sluggish.

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Speaker 4: That's what's driving profits down thirty three percent.

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Speaker 1: Three not Orojen. Morgan Stanley is scheduled to report earnings tomorrow.

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Speaker 1: China's economy recovered further in the third quarter, GDP increasing

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Speaker 1: four point nine percent from a year ago, stronger than

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Speaker 1: the estimate of four point five percent. The government stepped

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Speaker 1: up support to boost growth, and consumer spending picked up

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Speaker 1: in the meantime time. Industrial production was up four and

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Speaker 1: a half percent year on year in the latest month,

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Speaker 1: and that was slightly better than expected, and retail sales

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Speaker 1: were up five and a half percent. That was a

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Speaker 1: more sizeable beat. The US is restricting the sale of

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Speaker 1: chips made by Nvidia designed specifically for the China market.

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Speaker 1: It's part of a sweeping new update to export curbs

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Speaker 1: designed to block China's access to high technology. Here's Bloomberg's

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Speaker 1: Ed Ludlow.

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Speaker 5: In the Nvidia context, remember how important China is. In

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Speaker 5: the last earning score, Nvidia stated that in the data

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Speaker 5: center context, China was twenty to twenty five percent of sales,

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Speaker 5: within the historical range. Nvidia has issued US a statement

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Speaker 5: saying that it complies with any regulation or export requirements.

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Speaker 5: But here's the key point. We don't expect a near

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Speaker 5: term meaningful impact on our financial results.

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Speaker 1: Bloomberg's Ed Ludlow. That's news when you want it with

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