August 6, 2025: Trump Tariffs in Effect, Apple US Investment, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now. I'm
Charlie Pellett. As of twelve oh one Eastern time, President
Trump's country specific reciprocal tariffs are in effect. The President
has signed an executive order imposing an additional twenty five
percent tariff on India over its purchase of Russian energy.

(00:21):
Those come on top of the twenty five percent reciprocal
tariff rate already in place. Here's President Trump's trade advisor
Peter Navarro.

Speaker 2 (00:30):
You start with the fact that India is the Maharaja
of tariffs. It's the highest tariffs in the world charging
on American products, and it's got high non tariff bearers,
so we can't get our products in.

Speaker 1 (00:42):
President Trump's trade advisor Peter Navarro. Apple says it will
commit to spending another one hundred billion dollars on domestic manufacturing,
the latest pledge by the tech giant to increase US
production of its products as it seeks to avoid punishing
tariffs on its flagship iPhones. Here's Apple CEO Tim Cook.

Speaker 3 (01:03):
Apple is leading the creation of an end to end
silicon supply chain right here in America, from design to
equipment to wafer production to fabrication to packaging.

Speaker 1 (01:16):
As for the broader CAPEX spending environment. Joe Lavorgnia is
Counselor to Treasury Secretary Scott Bessant. He was interviewed on
Bloomberg Balance of Power.

Speaker 4 (01:25):
Did you get this CAPEX comeback tighten?

Speaker 5 (01:28):
With the blue collar boom we're seeing in wage's real
wages expanding, consumer spending is going to be strong.

Speaker 4 (01:33):
That's going to power the economy upward.

Speaker 1 (01:35):
Joe Lavorgnia, Councilor to Treasury Secretary Scott Bessant. A US
Army sergeant open fire on five fellow soldiers inside a
secure building at Fort Stewart in Georgia using a personal handgun.
Here's Fort Stuart Hunter Army Airfield Brigadier General John Lubas.

Speaker 5 (01:52):
Our wounded soldiers were initially evacuated to Win Army Community
Hospital right here on Fort Stewart. All arrived in stable condition,
and three of the five required surgical intervention. Two have
been transported to Memorial Hospital in Savannah, Georgia for additional care.

Speaker 1 (02:11):
Sergeant Cornelius Radford was quickly tackled by soldiers nearby and
taken into custody by military police. Saudi Arabia who has
raised crude prices for a second consecutive month and with more.
Here's Bloomberg's Monica Ris.

Speaker 6 (02:26):
It signals confidence in demand for its barrels as opek
Plus continues to ramp up supply. The world's biggest exporter
has been leading opek at its allies and raising output
as they seek bigger market share. Wall Street firms such
as JP, Morgan Chase and Goldman Sachs anticipate that prices
will sink towards sixty dollars a barrel in the fourth quarter.

Speaker 7 (02:45):
In New York.

Speaker 6 (02:46):
Monica Ricks Bloomberg Radio.

Speaker 1 (02:48):
Bob McNally is president and founder of Rapidan Energy Advisors.
He was interviewed on Bloomberg Balance of Power.

Speaker 4 (02:55):
We expect as we get into the fall, balances will
loosen and soften up opek Plus, bringing back more barrels
the end of the gasoline season, etc. So there's this coincidence,
if you will, with this expected softening and then the
secondary sanctions so far being less severe than had been threatened.

Speaker 1 (03:15):
Bob McNally of Rapid Energy Advisors interviewed on Bloomberg Balance
of Power. Apollo Global Management has agreed to acquire a
majority stake in Stream Data Centers and with more. Here's
Bloomberg's Dan Schwartzmann.

Speaker 7 (03:30):
It marks its first such acquisition as the alternative asset
manager capitalizes on booming demand for digital infrastructure. The deal
allows Apollo managed funds to potentially invest billions of dollars
in digital infrastructure. Stream Data Center's management team will retain
a minority interest as part of the deal, which is
expected to be completed this year. Alternative asset managers like

(03:51):
Apollo have been spending big on data centers as a
rise of artificial intelligence spurs a growing demand for power.
In New York, Dan Schwartzman, Bloomberg Radio.

Speaker 1 (04:00):
Stocks, hire s and p up forty five points, a
gain of seven tents of warm percent, the Dow up
eighty one, up by two tents, nez Stack up by
one point two percent. And that's news when you want
it with Bloomberg News. Now. I'm Charlie Pellatan. This is
Bloomberg