August 14, 2025: Trump Explores Stake in Intel, US-Russia Alaska Summit, More

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Episode Transcript

Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
Doug Prisner. The Trump administration is considering taking a stake
in Intel. We are told to plant stems from a
meeting this week between President Trump and Intel CEO Lip Bhutan.
Here is Bloomberg's Joe Matthew.

Speaker 2 (00:17):
We have to remember a few days before that meeting,
Donald Trump was asking for Lip Bhutan to resign, citing
what he called conflicts of interest. He said there was
no other solution to this problem and he must resign immediately.
That brought him into the White House where they had
apparently a very successful meeting. And maybe we should have
expected some interesting news.

Speaker 1 (00:37):
That is Bloomberg's Joe Matthew and Washington Now. The government's
potential stake could support expansion of Intel's domestic manufacturing, especially
its planned factory hub in Ohio. Intel had once promised
to turn the site into the world's largest chip making facility,
although it's been repeatedly delayed. Now, both the White House
and Intel declined to comment on specifics. Shares an Intel

(01:00):
We're up more than seven percent in the regular session.
President Trump is heading to Alaska for a meeting with
Russian President Vladimir Putin. Bloomberg's Amy Morris has a preview.

Speaker 3 (01:10):
The summit will take place at Joint Base Elmendorff Richardson.
That's Alaska's largest military installation. It was a Cold War
listening post. The base offers controlled airspace, fortified gates, and
instant access to military units. It's also closed to the public.
Alaska Governor Mike Dunlevy.

Speaker 1 (01:28):
We're in the height of toury season, so hotels are tight,
cars are type. Having this on the base alleviates a
lot of issues.

Speaker 3 (01:34):
Governor Dunlevy spoke with Bloomberg's Joe Matthew on balance of power.
State Department protocol is shaping much of the plan. Reciprocity
rules mean every courtesy extended to one leader must be
matched for the other. Everything is matched body for body,
gun for gun, even the number and size of rooms.
In Washington. Amy Morris Bloomberg Radio.

Speaker 1 (01:54):
We go to Florida next, where Governor Ron DeSantis is
planning a second Immigration to ten Center, dubbed Deportation Depot.
It will be located in a closed prison in Baker County.

Speaker 4 (02:06):
Now.

Speaker 1 (02:06):
The site will hold thirteen hundred detainees for processing and
deportation flights out of nearby Lake City. This move comes
weeks after the controversial facility opened in the Everglades known
as Alligator Alcatraz that is currently under a legal challenge.
Here is dessentus.

Speaker 5 (02:24):
We have the ability to do more than that. DHS
in their agreement with US too, because they're reimbursing these expenses.
They anticipate up to five thousand, So we said, you know,
you're going to probably need a different facility if you
want to do that many.

Speaker 1 (02:40):
Florida Governor Ron DeSantis will wrap up the week tomorrow
with a reading on US retail sales for the month
of July. We have a preview from Bloomberg's Tom Busby.

Speaker 4 (02:50):
Overall retail sales for July expected to rise by zero
point six percent, the same increase we saw in June.
According to economists surveyed by Bloomberg, lower gasoline price is
likely led to lower sales and gas stations, and that's
expected to be offset by higher sales of new and
used vehicles. While prices of newly built cars were flat,
used car prices up half a percent in July. Now,

(03:11):
excluding motor vehicles, retail sales are expected to rise zero
point three percent, tom busby Bloomberg Radio.

Speaker 1 (03:18):
Warren Buffett's Berkshire Hathaway made some noteworthy changes to its
holdings during the second quarter. According to a filing, Berkshire
reduced its position in Apple and sold its one billion
dollar stake in Team Mobile US. At the same time,
Berkshire added five million shares in United Health Group to
its holdings worth some one point six billion dollars. In

(03:40):
that news sent shares in United Health Group up ten
percent in late New York trading. We go to Japan next,
where the economy expanded at a faster than expected rate
in the second quarter, GDP rising at an annual rate
of one percent. Now, the resilience of the economy provided
relief for Prime Minister Shiguru Ishiba. His coition lost a

(04:00):
majority in the Upper House last month. We got reaction
from hide Yuki Sano.

Speaker 6 (04:06):
I think on the whole that's positive for Japanese stocks
and assets. Oh, clearly, the market has been worrying that
Japanese domestic consumption has been very weak, and that has
been uh. That has been the main reason why one
of the main reasons, to say the least, why the
Japanese ruling parties suffer sort of a setback in the

(04:31):
last Appa house e direction that.

Speaker 1 (04:32):
Was Bloomberg's Hitdayuki Sano, the mother of Jeff Bezos, has died.
Jackie Bezos and her husband Miguel were the first to
invest in Amazon back in nineteen ninety five, with two
checks totaling a little more than two hundred and forty
five thousand dollars. That investment, along with subsequent purchases of
Amazon shares, netted them a fortune estimated to be as

(04:53):
large as thirty billion dollars in twenty eighteen, and the
foundation Jackie Bezo started with her husband back hundreds of
organizations focused on kids and young adults. Jackie Bezos was
seventy eight. And that is news when you want it
with Bloomberg News. Now I'm Doug prisoner, and this is
Bloomberg