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News home. Yeah, that's exactly right, vani, thank you ahead of president Ferdinand Marcos junior visit of the U.S., State Department has put out a statement saying the U.S. will defend the transit. It has a video of an incident in which one of the Chinese ships carried out what it describes as dangerous maneuvers coming within 50 yards of the Philippine boat leading to a near collision, it says. Now, says an armed attack on Philippine armed forces, aircraft or naval vessels would trigger U.S. defense commitments Beijing has said that its maneuvers were professional and restrained and that the U.S. must not interfere. Australia's defense minister Richard marles is citing economic coercion as a motivator for a revamped military. The threat is not that we're about to be invaded. But our exposure to economic coercion and to coercion from an adversary is greater and the potential for that coercion going forward is much more significant. And that's where the threat lies. Morals on ABC, Australia, says the nation has to be prepared as trade with China has increased in the recent past, and it's more and more reliant on fuel from Russia as well. So he says decisions will be difficult but the defense has to be focused on protection. Well, there's a chance that Indian prime minister Narendra Modi and U.S. president Joe Biden will meet on the sidelines of the meeting and the Pacific leaders at the papa New Guinea in May both have been invited. U.S. and its allies have so far avoided pressuring India over its close ties with Russia, Russia is a key supplier of weapons and energy to India. Age, Biden, White House, is age part of a problem, well democratic senator Chris coon says, no, it's not a problem at all. I think Joe Biden is agile is capable. His record of leadership both at home and abroad makes him eminently qualified. And we should be focusing some on the wisdom and experience he brings to the job in addition to the accomplishments he's had. Coons on ABC has heard here on Bloomberg says that compare his mental acuity to Donald Trump and Trump comes out the biggest loser. With President Biden's announcement to run this past week, former democratic foe, senator Bernie Sanders is out in answering questions about the path of the park going forward. Now, this is a Sanders on CNN. So Democrats and the president have got to be stronger on working class issues. They've got to make it clear that we believe in a government represents law, not just the few. Take on the greed of the insurance companies, the drug companies, Wall Street, all the big money interest, it's thought delivering for working class people. You do that. I think Biden is going to win in a landslide. Sanders is not a candidate at this time around. And Republican senator Tim Scott says he'll make an announcement about his decision to run or not for president on May 22nd. In San Francisco, I'm Ed Baxter and this is Bloomberg, right, bunny. All right, thank you. We are waiting on news about first republic. We think we'll probably get something this evening before major U.S. markets open in the morning, but also. Given that there's many vacationing

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