August 27, 2025: Nvidia Disappoints With Tepid Forecast, Japan's Akazawa Cancels US Trip, More

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Episode Transcript

Speaker 1 (00:01):
News when you want it. With Bloomberg News Now, I'm
Doug Chrisner. After the bell, we heard from the chip
maker and Vidia, and the company issued a cautious outlook
for revenue in the current quarter, and this guidance has
rattled the market a bit and raised out about the
pace of overall AI spending. Sales are projected to be
around fifty four billion dollars plus or minus two percent. Now,

(00:22):
this forecast excludes data center revenue from China, a market
where Nvidia has struggled with US export restrictions as well
as pressure from the Chinese government. The focus now is
very much on Nvidia's next generation of chip. Here is
Bloomberg Tech host Caroline Hide.

Speaker 2 (00:38):
They're talking in the statement about Blackwell is the AI
platform that the world has been waiting for, delivering on
exceptional generation and lead the production of Blackwell ultras where
he's talking about that ramp of full speed. How much
is that bringing in more broadly, but really this is
an overall he says, The AI race is on and
Blackwell is a platform at its center.

Speaker 1 (00:58):
Bloomberg's Caroline High there now at the same time that
unconventional plan from the Trump administration to charge a fifteen
percent commission on Nvidia chip sales in China has not
progressed beyond the early stages. Here is Bloomberg's romain Bostik.

Speaker 3 (01:14):
I'm going to read specifically, what Nvidia had to say
is as any requests for a percentage of the revenue
by the US government may subject us to litigation, increase
our costs, harm our competitive position, and benefit competitors that
are not subject to such agreements. Now, obviously this gets
into a little bit of legal lease here, but it

(01:35):
seems to get to the point that whatever agreement Trump
announced earlier this month, apparently that is not.

Speaker 1 (01:41):
Quite a done deal. That is Bloomberg's Romain Bostik. Now,
Nvidia CFO Collette Cress said the company should be able
to proceed with China sales without paying the commission if
this plan is not codified. We go to Japan next,
where the country's top trade negotiator, Rayosi Akazawa has canceled
his tree to the US. This is according to a

(02:02):
report from Kyoto. Here is Bloomberg's chill desis what a.

Speaker 4 (02:06):
Kazawa, the trade negotiator, was originally intending to do was
go to Washington and sort of talk through some of
the issues that Japan is seeing with some tariffs that
they say that they agreed to with the United States
or earlier this summer. There originally agreed to a lower
auto tariff fifteen percent, and they also were trying to
avoid the stacking of tariffs on top of each other.

(02:27):
It seemed like at this point the US has yet
to deliver on those promises that were reached as according
to what japan'say that it reached this deal with earlier
this summer.

Speaker 1 (02:35):
That is, Bloomberg's chill desis in Hong Kong now. According
to Japan's Cabinet Office, the visit was canceled because there
were points that still needed to be debated at the
administrative level. The Bank of Korea held its policy rate
unchanged to two and a half percent earlier on Thursday.
The decision was in line with expectations, although one economist

(02:56):
in the Bloomberg survey did forecast a quarter point rate cut.
OK officials upgraded their growth and inflation forecast, but they
also warned of financial imbalances tied to housing and household debt.
The Bank of Korea has already delivered four rate cuts
since last October. We're seeing a stronger Korean one in
the moment after this decision, and Korean government bond yields

(03:18):
have edged slightly lower. The Department of Health and Human
Services says it has ousted CDC Director Susan Manares just
weeks into her tenure. Now. This comes after she reportedly
pushed back against the stance on vaccines held by HHS
Secretary Robert F. Kennedy Junior. However, in an emailed statement,
attorneys representing Manares said she has neither resigned nor received

(03:43):
notification from the White House that she has been fired.
Two children are dead, seventeen others injured. This is after
a gunman opened fire on a Minneapolis Catholic church during
a school mass Wednesday morning. Officials now say a twenty
three year old transgender man, west In Black, used multiple
weapons before taking his own life. Weston Halsney is a

(04:05):
fifth grader at the Annunciation Catholic School.

Speaker 5 (04:09):
It was like the shots fired and then he kind
of like got under the pews. They shot through the
the sting glass windows, I think, and it was really scary.

Speaker 1 (04:24):
The two children killed were eight and ten years old.
Police Chief Brian O'Haras said the shooter was armed with
a rifle, shotgun, and a pistol. Now, the motive remains unclear.
The FBI and state authorities are assisting in the investigation. Incidentally,
this attack comes just a day after a string of
other shootings in Minneapolis left three people dead, although police

(04:45):
say these incidents are unrelated. And that is news when
you want it. With Bloomberg News Now, I'm Doug Prisner,
and this is Bloomberg