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Speaker 1 (00:00):
News when you wanted with Bloomberg News. Now, I'm Doug Prisner,
the Pentagon's watchdog has found Defense Secretary Pete Hegseth risked
endangering American troops when he shared attack plans on the
Signal messaging app. As you may recall, back in March,
the group chat about airstrikes against toothy rebels in Yemen
inadvertently included the editor of The Atlantic magazine. Now, the
(00:22):
report from the acting Pentagon Inspector General said that Hegseth
violated government policies by using his personal phone and signal
to transmit information marked secret. Here is Bloomberg's Tony Capasio.
Speaker 2 (00:35):
The issue of the signal, what was put on signal,
and whether it was properly classified or not. The issue
the IG raised was if that information was intercepted by
a foreign power that could endanger US troops. That's where
the headline comes from. So that could is going to
be parsed to death by his defenders and and his detractors.
(00:56):
The Pentagon IG did acknowledge that he had to power
hid the authority to declassify information, but they didn't get
into whether he did it improperly or properly. That's one
of those very gray areas that will be parsed.
Speaker 1 (01:10):
That was Bloomberg's Tony Capacio. By the way, a declassified
version of the report on the Signal Group chat is
expected to be released publicly by Friday. US Treasury Secretary
Scott Bessen may become the top White House economic advisor
in addition to his current job, should Kevin has It
be tapped as the next chair of the Federal Reserve.
(01:31):
We are told President Trump's aides and allies say having
Bessett lead the National Economic Council would allow him to
consolidate oversight of Trump's economic policies if Hassett, the current
NEEC director, is selected as the next FED chair. Here
is Bloomberg's Amara Amokway.
Speaker 3 (01:48):
What this reporting reflects is how trusted Scott Besson has
become President Trump's eyes. He was leading the interview process
for the FED chair search. Of course, he's leading his
running point on many of the administration's economic priorities, tariffs,
you name it. And he's also been one of the
chief defenders of President Trump's economic agenda.
Speaker 1 (02:09):
That is bloomberg Zamara Amokway. Now, President Trump is already
hinted at Hasset being the next FED share and the
President has said he has made his decision and he
will wait until early next year before making an official announcement.
President Trump has unveiled a plan to relax Biden era
fuel efficiency standards to lower consumer cost more from Bloomberg's
(02:30):
Amy Morrison, Washington.
Speaker 4 (02:31):
President Trump says the Biden era goals were unattainable.
Speaker 2 (02:35):
People were brainwashed, and people were paying too much for
car that didn't work as well.
Speaker 4 (02:40):
The new proposal would lower the corporate average fuel economy
requirement to about thirty four and a half miles per
gallon for the twenty thirty one model year and eliminate
a credit trading program used by automakers. Ford CEO Jim
Farley says his company will reinvest those savings.
Speaker 2 (02:56):
This allows us to invest in affordable vehicle was made
in the US and will allow us to make vehicles
more affordable.
Speaker 4 (03:04):
Critics say the proposal will encourage US automakers to produce
less efficient gas guzzlers. In Washington, Amy Moore as Bloomberg Radio.
Speaker 1 (03:11):
Jensen Wang, the CEO of Nvidia, met today with President
Trump to discuss relaxing export controls on Innvidia's H two
hundred AI chips. Afterward, Long expressed uncertainty about whether China
would accept the H two hundred chips if the US
were to ease restrictions. Here, as Bloomberg's Mike.
Speaker 5 (03:30):
Shepard, Nvidia succeeded in beating back this provision that was
floated as being an addition to the Defense Bill that
has to pass before years in and this would have
restricted Nvidia's ability to sell its advanced AI chips to
China and other adversaries. Now in vidiod argued that it
wasn't necessary that the Commerce Department has all the authority
(03:52):
that it needs to do exactly that, and it also
has said that look, trying to make us a preference
to American customers over a customers, say in China is
really unnecessary too, because there is no shortage when it
comes to meeting demand.
Speaker 1 (04:06):
That is Bloomberg's Mike Sheppard. Now, allowing sales of the
H two hundred to the Chinese market would mark a
significant win for in Nvidia. The company has been pressuring
both the Trump administration and members of Congress for relaxation
of those export controls so in Nvidia can gain greater
access to the Chinese market. After the Bell, Salesforce gave
(04:27):
an outlook for revenue in the current quarter. The top
analyst estimates we get more from Bloomberg's Alexis Kristofus.
Speaker 6 (04:35):
A Rosie revenue outlook at Salesforce suggests the software company
as persuading customers to buy its AI tools, including agent Force,
which has inked more than ninety five hundred paid deals
since launching last year. CEO Mark Benioff touted adoption of
the AI tool, calling it a momentum driver. Shares of
Salesforce have badly underperformed the broader tech sector this year,
(04:56):
in part due to concerns about the potential of artificial
intelligence replacing some of its product capabilities.
Speaker 1 (05:02):
That is Bloomberg's Alexis Christopher his shares and Salesforce. We're
up two percent in late US trading. And that is
news when you want it with Bloomberg News. Now, I'm
deg Krisner, and this is Bloomberg
News when you wanted with Bloomberg News. Now, I'm Doug Prisner,
the Pentagon's watchdog has found Defense Secretary Pete Hegseth risked
endangering American troops when he shared attack plans on the
Signal messaging app. As you may recall, back in March,
the group chat about airstrikes against toothy rebels in Yemen
inadvertently included the editor of The Atlantic magazine. Now, the
(00:22):
report from the acting Pentagon Inspector General said that Hegseth
violated government policies by using his personal phone and signal
to transmit information marked secret. Here is Bloomberg's Tony Capasio.
Speaker 2 (00:35):
The issue of the signal, what was put on signal,
and whether it was properly classified or not. The issue
the IG raised was if that information was intercepted by
a foreign power that could endanger US troops. That's where
the headline comes from. So that could is going to
be parsed to death by his defenders and and his detractors.
(00:56):
The Pentagon IG did acknowledge that he had to power
hid the authority to declassify information, but they didn't get
into whether he did it improperly or properly. That's one
of those very gray areas that will be parsed.
Speaker 1 (01:10):
That was Bloomberg's Tony Capacio. By the way, a declassified
version of the report on the Signal Group chat is
expected to be released publicly by Friday. US Treasury Secretary
Scott Bessen may become the top White House economic advisor
in addition to his current job, should Kevin has It
be tapped as the next chair of the Federal Reserve.
(01:31):
We are told President Trump's aides and allies say having
Bessett lead the National Economic Council would allow him to
consolidate oversight of Trump's economic policies if Hassett, the current
NEEC director, is selected as the next FED chair. Here
is Bloomberg's Amara Amokway.
Speaker 3 (01:48):
What this reporting reflects is how trusted Scott Besson has
become President Trump's eyes. He was leading the interview process
for the FED chair search. Of course, he's leading his
running point on many of the administration's economic priorities, tariffs,
you name it. And he's also been one of the
chief defenders of President Trump's economic agenda.
Speaker 1 (02:09):
That is bloomberg Zamara Amokway. Now, President Trump is already
hinted at Hasset being the next FED share and the
President has said he has made his decision and he
will wait until early next year before making an official announcement.
President Trump has unveiled a plan to relax Biden era
fuel efficiency standards to lower consumer cost more from Bloomberg's
(02:30):
Amy Morrison, Washington.
Speaker 4 (02:31):
President Trump says the Biden era goals were unattainable.
Speaker 2 (02:35):
People were brainwashed, and people were paying too much for
car that didn't work as well.
Speaker 4 (02:40):
The new proposal would lower the corporate average fuel economy
requirement to about thirty four and a half miles per
gallon for the twenty thirty one model year and eliminate
a credit trading program used by automakers. Ford CEO Jim
Farley says his company will reinvest those savings.
Speaker 2 (02:56):
This allows us to invest in affordable vehicle was made
in the US and will allow us to make vehicles
more affordable.
Speaker 4 (03:04):
Critics say the proposal will encourage US automakers to produce
less efficient gas guzzlers. In Washington, Amy Moore as Bloomberg Radio.
Speaker 1 (03:11):
Jensen Wang, the CEO of Nvidia, met today with President
Trump to discuss relaxing export controls on Innvidia's H two
hundred AI chips. Afterward, Long expressed uncertainty about whether China
would accept the H two hundred chips if the US
were to ease restrictions. Here, as Bloomberg's Mike.
Speaker 5 (03:30):
Shepard, Nvidia succeeded in beating back this provision that was
floated as being an addition to the Defense Bill that
has to pass before years in and this would have
restricted Nvidia's ability to sell its advanced AI chips to
China and other adversaries. Now in vidiod argued that it
wasn't necessary that the Commerce Department has all the authority
(03:52):
that it needs to do exactly that, and it also
has said that look, trying to make us a preference
to American customers over a customers, say in China is
really unnecessary too, because there is no shortage when it
comes to meeting demand.
Speaker 1 (04:06):
That is Bloomberg's Mike Sheppard. Now, allowing sales of the
H two hundred to the Chinese market would mark a
significant win for in Nvidia. The company has been pressuring
both the Trump administration and members of Congress for relaxation
of those export controls so in Nvidia can gain greater
access to the Chinese market. After the Bell, Salesforce gave
(04:27):
an outlook for revenue in the current quarter. The top
analyst estimates we get more from Bloomberg's Alexis Kristofus.
Speaker 6 (04:35):
A Rosie revenue outlook at Salesforce suggests the software company
as persuading customers to buy its AI tools, including agent Force,
which has inked more than ninety five hundred paid deals
since launching last year. CEO Mark Benioff touted adoption of
the AI tool, calling it a momentum driver. Shares of
Salesforce have badly underperformed the broader tech sector this year,
(04:56):
in part due to concerns about the potential of artificial
intelligence replacing some of its product capabilities.
Speaker 1 (05:02):
That is Bloomberg's Alexis Christopher his shares and Salesforce. We're
up two percent in late US trading. And that is
news when you want it with Bloomberg News. Now, I'm
deg Krisner, and this is Bloomberg
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