April 24, 2024 • 4 mins
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Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
Brian Curtis in Hong Kong. The US Senate has passed
the long awaited foreign aid bill. Bloomberg's Ed Baxter with
the story.
Speaker 2 (00:11):
Ninety five billion dollars in foreign aid to Ukraine, Israel,
in Taiwan. The package includes four bills that passed the
House over the weekend with bipartisan votes. The Senate votes
also overwhelming support. It does include the divest bill for TikTok.
Speaker 1 (00:27):
Now.
Speaker 2 (00:27):
Not included is the border package that Republicans had demanded
for months. Senator Lindsey Graham says this one had to go.
Speaker 3 (00:35):
The fact that we did not get provisions for our border,
in my view, doesn't mean we can't deal with the
other problems the world faces.
Speaker 2 (00:43):
We actually have to now. The President has said all
along that he will sign this package. Ed Baxter, Bloomberg Radio.
Speaker 1 (00:50):
Meantime, China has launched a bitter verbal attack on US
complaints about industrial overcapacity. Bloomberg's Juan Wong has the story
from Hong Kong.
Speaker 4 (00:58):
China came down hard on the saying the complaint is
quote naked economic awortion and bullying. At a recent briefing.
The Foreign Ministry also said the US is looking for
a favorable competitive position and market advantage. The comments come
ahead of US Secretary of State Anthony B. Lincoln's visit
to China this week. It's rare Forbajiing to hold such
(01:18):
a briefing right before top US officials visit, as a
virtual guarantee that Secretary of B. Lincoln will be in
for some difficult conversations this week in Hong Kong. Join
Wang Bloomberg Radio.
Speaker 1 (01:29):
The European Union has launched an investigation into China's procurement
of medical devices. Europe is moving to address concerns that
China's policies favored domestic suppliers. The probe will be completed
within nine months. The Associated Press is projecting Dave McCormick
has won the Republican primary for the US Senate seat
in Pennsylvania. McCormick is the former CEO of Bridgewater Associates.
(01:54):
McCormick had no challengers in the primary, and you'll face
incumbent Democrat Bob Casey in November. Donald Trump will likely
be found in contemptive court for his social media posts.
The post may violate a gag order put in place
for this first criminal trial. Bloomberg's June Grosso says the
decision comes down to how much impact Trump's posts will
(02:16):
actually have.
Speaker 3 (02:17):
It's very difficult for the judge here because he has
to balance the First Amendment, which Trump keeps talking about.
He has a First Amendment right to speak, he thinks
whatever he wants to say, which is of course not
the First Amendment. But he has to balance that with
the protecting the witnesses, protecting the jurors, and making sure
that the trial goes forward in a fair manner.
Speaker 1 (02:38):
Bloomberg's June Grosso. While former President Trump is in a
Manhattan courtroom, President Biden will be in Trump's new home
state of Florida. It puts the spotlight on abortion rights.
Bloomberg's Jody Schneider has more from Washington.
Speaker 5 (02:52):
Abortion rights are obviously something that the president is the contestidant,
is trying to run on. They see this as a
winning issue, particularly among younger brothers and women.
Speaker 1 (03:06):
The President will blast Florida's upcoming six week abortion ban,
and he'll talk up a referendum this November that could
keep abortion legal in the Sunshine State. In Earning's News
Visa's profit served seventeen percent in the latest quarter as
US credit card spending rows. In the United States, where
Visa gets more than forty percent of its revenue, credit
(03:28):
card spending grew six point two percent from a year earlier,
total transactions up eleven percent. Tesla gained more than thirteen
percent in late trading after saying it would accelerate cheaper models.
Ross Gerber from Gerber Kawasaki says he's doubtful of the claim.
I just don't believe that statement. I don't see how
they're going to pull forward production of this vehicle to
(03:50):
be ready in a year after they just laid off
fifteen thousand people. However, Bloomberg's Ed Ludlow says our own
reporting suggests it is possible.
Speaker 6 (03:59):
We repull with via sources that a large body of
work went in at the component level and at the
production process level to bring a range of more affordable evs,
not just one single model. That is exactly and explicitly
what Tesla is saying in the shareholder deby.
Speaker 1 (04:15):
In other earnings, Texas instruments suggesting that a slump in
demand for industrial chips might be easing. The company says
sales in the current quarter will be around three point
ninety five billion dollars. Analysts had estimated three point seven
to eight billion. That's news when you want it with
Bloomberg News Now. I'm Brian Curtis. This is Bloomberg
News when you want it with Bloomberg News Now, I'm
Brian Curtis in Hong Kong. The US Senate has passed
the long awaited foreign aid bill. Bloomberg's Ed Baxter with
the story.
Speaker 2 (00:11):
Ninety five billion dollars in foreign aid to Ukraine, Israel,
in Taiwan. The package includes four bills that passed the
House over the weekend with bipartisan votes. The Senate votes
also overwhelming support. It does include the divest bill for TikTok.
Speaker 1 (00:27):
Now.
Speaker 2 (00:27):
Not included is the border package that Republicans had demanded
for months. Senator Lindsey Graham says this one had to go.
Speaker 3 (00:35):
The fact that we did not get provisions for our border,
in my view, doesn't mean we can't deal with the
other problems the world faces.
Speaker 2 (00:43):
We actually have to now. The President has said all
along that he will sign this package. Ed Baxter, Bloomberg Radio.
Speaker 1 (00:50):
Meantime, China has launched a bitter verbal attack on US
complaints about industrial overcapacity. Bloomberg's Juan Wong has the story
from Hong Kong.
Speaker 4 (00:58):
China came down hard on the saying the complaint is
quote naked economic awortion and bullying. At a recent briefing.
The Foreign Ministry also said the US is looking for
a favorable competitive position and market advantage. The comments come
ahead of US Secretary of State Anthony B. Lincoln's visit
to China this week. It's rare Forbajiing to hold such
(01:18):
a briefing right before top US officials visit, as a
virtual guarantee that Secretary of B. Lincoln will be in
for some difficult conversations this week in Hong Kong. Join
Wang Bloomberg Radio.
Speaker 1 (01:29):
The European Union has launched an investigation into China's procurement
of medical devices. Europe is moving to address concerns that
China's policies favored domestic suppliers. The probe will be completed
within nine months. The Associated Press is projecting Dave McCormick
has won the Republican primary for the US Senate seat
in Pennsylvania. McCormick is the former CEO of Bridgewater Associates.
(01:54):
McCormick had no challengers in the primary, and you'll face
incumbent Democrat Bob Casey in November. Donald Trump will likely
be found in contemptive court for his social media posts.
The post may violate a gag order put in place
for this first criminal trial. Bloomberg's June Grosso says the
decision comes down to how much impact Trump's posts will
(02:16):
actually have.
Speaker 3 (02:17):
It's very difficult for the judge here because he has
to balance the First Amendment, which Trump keeps talking about.
He has a First Amendment right to speak, he thinks
whatever he wants to say, which is of course not
the First Amendment. But he has to balance that with
the protecting the witnesses, protecting the jurors, and making sure
that the trial goes forward in a fair manner.
Speaker 1 (02:38):
Bloomberg's June Grosso. While former President Trump is in a
Manhattan courtroom, President Biden will be in Trump's new home
state of Florida. It puts the spotlight on abortion rights.
Bloomberg's Jody Schneider has more from Washington.
Speaker 5 (02:52):
Abortion rights are obviously something that the president is the contestidant,
is trying to run on. They see this as a
winning issue, particularly among younger brothers and women.
Speaker 1 (03:06):
The President will blast Florida's upcoming six week abortion ban,
and he'll talk up a referendum this November that could
keep abortion legal in the Sunshine State. In Earning's News
Visa's profit served seventeen percent in the latest quarter as
US credit card spending rows. In the United States, where
Visa gets more than forty percent of its revenue, credit
(03:28):
card spending grew six point two percent from a year earlier,
total transactions up eleven percent. Tesla gained more than thirteen
percent in late trading after saying it would accelerate cheaper models.
Ross Gerber from Gerber Kawasaki says he's doubtful of the claim.
I just don't believe that statement. I don't see how
they're going to pull forward production of this vehicle to
(03:50):
be ready in a year after they just laid off
fifteen thousand people. However, Bloomberg's Ed Ludlow says our own
reporting suggests it is possible.
Speaker 6 (03:59):
We repull with via sources that a large body of
work went in at the component level and at the
production process level to bring a range of more affordable evs,
not just one single model. That is exactly and explicitly
what Tesla is saying in the shareholder deby.
Speaker 1 (04:15):
In other earnings, Texas instruments suggesting that a slump in
demand for industrial chips might be easing. The company says
sales in the current quarter will be around three point
ninety five billion dollars. Analysts had estimated three point seven
to eight billion. That's news when you want it with
Bloomberg News Now. I'm Brian Curtis. This is Bloomberg
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