Episode Transcript
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Speaker 1 (00:00):
News when you wanted with Bloomberg News Now, I'm Amy Morris.
Beg Governor Stephen Myron just joined the Central Bank last
week and was the only dissenting vote at their rate
cut meeting. Dell's Bloomberg. He made his own decision about
how to vote without being influenced by the White House.
Speaker 2 (00:15):
He never asked me to set policy in a specific way.
He shared his view about Monterey policy. It's the same
view he says on TV several times a week.
Speaker 3 (00:23):
You know.
Speaker 2 (00:24):
There's nothing about his view at Monterey policy that I
know that you don't know. But he never asked me
to set policy in a specific way.
Speaker 1 (00:31):
Myron says FED policy is too tight, risking higher unemployment,
but he knows how he would like to see FED
policy go.
Speaker 2 (00:38):
My view is get relatively close neutral quickly, and then
there's a little bit more cutting next year, and then
a little bit more cutting view after that, and then
sort of back up to neutral thereafter.
Speaker 1 (00:47):
Beg Governor Stephen Myron spoke to Bloomberg on the sidelines
of an event at the Economic Club of New York.
You can hear the entire interview on the Bloomberg Talks podcast.
Saint Louis FED president Alberto Mussolem meanwhile supported last week's
interest rate reduction as a way to take out insurance
against a weakening labor market. He said he would support
further reductions if the labor market got any worse. Cleveland
(01:10):
FED president Beth Hammock says she remains focused on inflation
and Warren's officials should be cautious about overheating the economy.
She says there are signs the labor market is still robust,
including low layoffs and a low unemployment rate. In Vidia
says it will invest as much as one hundred billion
dollars in open ai to support the building of new
(01:30):
data centers and supporting infrastructure to power AI workloads. Open
Ai CEO Sam Altman tell CNBC this is critical to
everything they want to do moving forward.
Speaker 3 (01:41):
Without doing this, we cannot deliver the services people want.
We can't keep making better models. And now that we
really see what's on the near term horizon of how
good the models are getting, the new use cases that
are being enabled, what people want to do, This is
like the fuel that we need to drive improvement, to
drive better models, to drive revenue everything.
Speaker 1 (01:58):
In Vidia says they've signed up the letter of intent
for a strategic deal with Open Ai. Shares of Nvidia
nearly four percent higher, and as in Nvidia boosts optimism
on AI, it's also lifting the markets. We do check
markets for you all day long here at Bloomberg. The
S and P five hundred and four tenths sever percent,
NASDAK up six tenths seven percent, the Dow up one
(02:20):
tenth of one percent, the tenure treasury yield at four
point one four percent, and the two year yield at
three point five nine percent. Byte Dance is reportedly ready
to sign the framework agreement on TikTok. A senior White
House official says China based Byte Dance will hold a
stake of less than twenty percent of TikTok's US operations,
part of an executive order that will approve a deal
(02:42):
to sell the operations of TikTok to a group of investors.
Bloomberg's Tyler Kendall.
Speaker 4 (02:46):
An official tells us that President Trump is planning to
sign an executive order later this week, cementing his approval
of the deal, though worth mentioning also that we are
from China's Foreign Ministry on Friday and they fell short
of a full endorsement.
Speaker 1 (03:00):
Bloomberg's Tyler Kendall Tech giant Oracle will receive a copy
of TikTok's algorithm to operate for US users. Oracle shares
are four and a half percent higher. The White House
says doctors may be exempt from H ONEB visa fees.
After the Trump administration announced a new one hundred thousand
dollars fee for H one B visas, medical groups warned
(03:20):
this would worsen a doctor shortage in the US and
make it harder for rural hospitals to operate. White House
spokesperson Taylor Rogers said in an email to Bloomberg News
that the proclamation allows for potential exemptions and that can
include physicians and medical residents. Pennsylvania Governor Josh Shapiro, in
an exclusive interview with Bloomberg, says the president's immigration policies
(03:42):
are damaging.
Speaker 5 (03:43):
The President's immigration policies, combined with his tariff policies, are
making it harder for us to compete and driving up
the costs of goods in this Commonwealth than across this country.
I think what the President's doing is harming America, isolating America,
making it harder for workers here in Pennsylvania, from our
(04:03):
farmlands to our universities.
Speaker 1 (04:04):
Here our entire interview with Pennsylvania Governor Josh Shapiro on
the Bloomberg Talks podcast. Poland's Prime Minister Donald Tusk says
his country is ready to shoot down any foreign aircraft
crossing into its territory without authorization. This after a series
of Russian incursions into NATO airspace. His comments come as
the UN Security Council gathers in New York for an
(04:26):
emergency meeting today to discuss the latest breach in Estonia
last week. The government there says the incursions are part
of a wider Russian campaign to test NATO's preparedness. More
than one hundred and fifty world leaders are gathering in
New York for the UN General Assembly. It kicks off
tomorrow in New York. But security is already extra tight.
(04:46):
As we learn from Bloomberg's Miles Miller.
Speaker 6 (04:49):
This United Nations General Assembly comes on the backdrop of
the assassination of Charlie Kirk and so that means extra security,
and they're studying that shooting to make sure that if
something were to happen in Manhattan, they know how to
get these one hundred and fifty leaders and their spouses
to where they need to get.
Speaker 1 (05:06):
To Bloomberg's Miles Miller in New York. And the US
has all but stopped paying its bills to the UN
since Donald Trump took office. The UNS as the US
owes more than three billion dollars. If the President keeps
refusing to pay up, the US could lose its vote
in the UN General Assembly. Or A health is the
maker of the popular or a health and fitness ring.
(05:27):
It's closing in on a roughly eleven billion dollar valuation
after selling about three million rings just in the past year.
CEO Tom Hale.
Speaker 7 (05:35):
We have shipped five point five million rings in the
history of the company, but half of those have come
in the last twelve months. So as we've doubled our business,
we've doubled the number of people have rings just in
the last twelve months alone.
Speaker 1 (05:48):
Or A Health CEO Tom Hale on Bloomberg Television. That's
news when you want it with Bloomberg News Now. I'm
Amy Morris. This is Bloomberg