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- [00:03]
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The Trump Xi meeting ends. I'm Chris DiMeo, Fox News. President Trump has wrapped up his first meeting of the two day summit with Chinese officials. Fox's Aisha Hosny is in Beijing with more on what was said during the talks.
- [00:14]
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The Chinese have put out a couple of different statements about this meeting and some of them feel a little bit preplanned, things that they maybe knew were going to be talked about. One of them though has really been raising some eyebrows and it's the one on Taiwan. And they basically said almost like a warning that as long as the US has the right policy on Taiwan and the relations will continue with stability. There was some thinking heading into this meeting that the Chinese may try to ask for concessions on the Taiwan issue in order to offer up potentially helping putting pressure on Iran to come to a deal. The president has said multiple times now that he doesn't need anybody's help.
- [00:55]
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Fox's Aisha Hosny in Beijing. So far the president and White House have yet to make any comments on what was discussed in the meeting. A CIA employee claims that there was a cover up within the intelligence community over COVID 19.
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That man's name was James Erdman. He's a CIA career employee who was responsible for leading investigations into the origins of the COVID 19 pandemic. He testified that in August of 2021 the intel community was prepared to declare that Covid did start as a leak from a Chinese lab. But he says Dr. Anthony Fauci, quote, injected himself into those conversations and quote, influenced them until the lab leak determination was changed by the intel community to a neutral theory. But the CIA is pushing back hard on the way this hearing went down, telling Fox News in part, quote, this proceeding amounts to nothing more than dishonest political theater.
- [01:49]
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Fox's Bill Malusion on Capitol Hill. Stocks finishing the day mixed. The Dow dropping 67 points. The Nasdaq and S and P finishing higher. America's listening to FOX News.
- [02:00]
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- [03:08]
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Kevin Warsh faced a long and sometimes uncertain road before being confirmed as the new Federal Reserve chairman on Wednesday.
- [03:15]
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President Trump, after weeks of speculation, tapped Wash in January to be the new Fed chair. But an ongoing probe into current chair Jerome Powell over Fed headquarters renovations paused key Republican support. In April, that investigation was dropped and the Senate Banking Committee moved Warsh's nomination to the full Senate, which confirmed him Wednesday. Warsh takes over as Fed chair when Powell's term as its leader ends Friday. Warsh will be in charge at the next meeting of the Federal Open Market committee, which sets U.S. monetary policy on June 16th and 17th. Grinal Scott, Fox News.
- [03:53]
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Vice President Vance releasing a new ultimatum to states he feels aren't taking Medicaid fraud and other fraud seriously. He says the government will take their federal funding and do the job for them.
- [04:05]
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The vice president and his fraud task force are basically telling these states that their investigators need to take this fraud more seriously or they risk losing some of that federal funding. And they made some pretty big announcements here. They're saying $1.3 billion in Medicare reimbursements are now being diverted from the state of California. Now, just in the LA area, mostly the LA area, 800 hospices have been suspended. They say less. 20 of them have called to complain about being suspended. CMS administrator Dr. Oz also making a big announcement that no new hospice or home health providers can enroll in Medicare until they root out some of the bad actors who are committing this fraud across the country.
- [04:48]
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That's Fox Business Network's Connor Hanson. A way to avoid future government shutdowns. Well, the Senate advances Republican Louisiana Senator John Kennedy's resolution to withhold lawmakers pay during government shutdowns. I'm Chris DiMaio. This is Fox News.
- [05:06]
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Some follow the noise. Bloomberg follows the money because behind every headline is a bottom line, whether it's the funds fueling AI or crypto's trillion dollar swings. There's a money side to every story. And when you see the money side, you understand what others miss. Get the money side of the story. Subscribe now@bloomberg.com.