July 7, 2025 • 4 mins
Listen for the latest from Bloomberg News
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
News when you wanted with Bloomberg News. Now, I'm Doug Krisner.
A new set of US tariffs has been set and
a new trade deal deadline has been issued. On Monday,
President Trump signed in executive order it delays the new
tariffs until August first for all nations facing those so
called reciprocal levies. In one example, President Trump will impose
tariffs of twenty five percent on goods from both Japan
(00:24):
and South Korea beginning August first, and Trump is also
imposed thirty six percent tariffs on goods from Thailand and Cambodia,
also effective August first. Needless to say, this will turn
up the heat on US trading partners, especially now that
that current ninety day reprieve from those reciprocal duties is
set to expire on Wednesday. Tonight, President Trump said he
(00:46):
has sent letters to these countries representing final offers. Here
is Trump speaking earlier to reporters at the White House.
Speaker 2 (00:53):
And all I say to the other countries is, you know,
some of them wanted to make a deal and want
to be fair. Others perhaps got a little bit spoiled.
They were a little bit spoiled because for thirty forty years,
fifty years. They were taking advantage of the country. So
we're gonna, I would say the final but if they
call with a different offer and if I like it.
Speaker 1 (01:14):
That was President Trump speaking there. We go to Texas next,
where search and rescue efforts are underway after floods tore
through communities along the Guadalupe River. Officials have confirmed the
deaths of twenty seven children and counselors who had been
missing from a girls' summer camp. Statewide, more than one
hundred debts have been confirmed, and officials say this number
(01:35):
will climb. Meantime, local, state, and federal officials are facing
questions about warning systems, weather forecast, and evacuation efforts. We
got a reaction from Texas Republican Senator Ted Cruz.
Speaker 3 (01:48):
I think there have been some eager to point at
the National Weather Service and say cuts there led to
a lack of warning.
Speaker 2 (01:56):
I think that's contradicted by the fact.
Speaker 1 (01:58):
That is Ted Cruz there, public and senator from Texas. Meantime,
President Trump has signed a FEMA disaster declaration for the
state of Texas. This comes even though the President previously
said the agency would be phased out. Here is former
FEMA administrator Dian Criswell.
Speaker 4 (02:15):
But when you look at a situation like Texas and
you look at the type of complicated search and rescue
activities that have happened, or the amount of debris that's
going to need to be removed, what FEMA does and
what FEMA can do, and I think what often gets
lost is they coordinate the whole federal government. So if
you needed to bring in the Army Corps of Engineers
(02:35):
to help with debris removal, they coordinate that, and they
fund that through the Disaster Relief Fund.
Speaker 1 (02:40):
That was former FEMA administrator Dian Criswell speaking on Bloomberg's
balance of power. Earlier today at the White House, President
Trump met with Israel's Prime Minister Benjamin Netnahu, and at
the top of the meeting a potential ceasefire in Gaza.
NETANYAHUO said, there is an opportunity to reach peace in
the Middle East. Here's Netnyah.
Speaker 5 (03:00):
I think PaaS City should have all the powers to
govern themselves, but none of the powers to threaten us.
That means a certain powers like overall security will always
remain in our hands.
Speaker 1 (03:12):
That was Israel's Prime Minister Benjamin Nettan Yahoo meantime, President
Trump seemed to be very bullish on the prospects for
a ceasefire between Israel and Tomas. Here is Bloomberg's Derek Waldbank.
Speaker 3 (03:23):
He thought that they were close. He thought that, you know,
he's asked if there were what the major holdup was
going to be, and he was suggesting that there wasn't
necessarily a major hold up. But Trump has been bullish before,
so let's see how this actually comes.
Speaker 1 (03:38):
That is Bloomberg's Derek Waldbank. Profit at Samsung Electronics fell
for the first time since twenty twenty three. We're talking
about a fifty six percent plunge in operating income for
the June quarter. Here is Bloomberg's Annabelle Droolers.
Speaker 6 (03:52):
First week, we heard that the business or Samsung is
saying that the US rules on AI chips for China
has affected its earnings. So Bullie, Samsung is one of
the companies most affected by these US export restrictions on
advanced semiconductors to China. It has become quite reliant on
the Chinese market for chip revenue.
Speaker 1 (04:09):
That is Bloomberg's Annabelle Droolers. And that is news when
you want it. With Bloomberg News. Now I'm Doug Prisner,
and this is Bloomberg
News when you wanted with Bloomberg News. Now, I'm Doug Krisner.
A new set of US tariffs has been set and
a new trade deal deadline has been issued. On Monday,
President Trump signed in executive order it delays the new
tariffs until August first for all nations facing those so
called reciprocal levies. In one example, President Trump will impose
tariffs of twenty five percent on goods from both Japan
(00:24):
and South Korea beginning August first, and Trump is also
imposed thirty six percent tariffs on goods from Thailand and Cambodia,
also effective August first. Needless to say, this will turn
up the heat on US trading partners, especially now that
that current ninety day reprieve from those reciprocal duties is
set to expire on Wednesday. Tonight, President Trump said he
(00:46):
has sent letters to these countries representing final offers. Here
is Trump speaking earlier to reporters at the White House.
Speaker 2 (00:53):
And all I say to the other countries is, you know,
some of them wanted to make a deal and want
to be fair. Others perhaps got a little bit spoiled.
They were a little bit spoiled because for thirty forty years,
fifty years. They were taking advantage of the country. So
we're gonna, I would say the final but if they
call with a different offer and if I like it.
Speaker 1 (01:14):
That was President Trump speaking there. We go to Texas next,
where search and rescue efforts are underway after floods tore
through communities along the Guadalupe River. Officials have confirmed the
deaths of twenty seven children and counselors who had been
missing from a girls' summer camp. Statewide, more than one
hundred debts have been confirmed, and officials say this number
(01:35):
will climb. Meantime, local, state, and federal officials are facing
questions about warning systems, weather forecast, and evacuation efforts. We
got a reaction from Texas Republican Senator Ted Cruz.
Speaker 3 (01:48):
I think there have been some eager to point at
the National Weather Service and say cuts there led to
a lack of warning.
Speaker 2 (01:56):
I think that's contradicted by the fact.
Speaker 1 (01:58):
That is Ted Cruz there, public and senator from Texas. Meantime,
President Trump has signed a FEMA disaster declaration for the
state of Texas. This comes even though the President previously
said the agency would be phased out. Here is former
FEMA administrator Dian Criswell.
Speaker 4 (02:15):
But when you look at a situation like Texas and
you look at the type of complicated search and rescue
activities that have happened, or the amount of debris that's
going to need to be removed, what FEMA does and
what FEMA can do, and I think what often gets
lost is they coordinate the whole federal government. So if
you needed to bring in the Army Corps of Engineers
(02:35):
to help with debris removal, they coordinate that, and they
fund that through the Disaster Relief Fund.
Speaker 1 (02:40):
That was former FEMA administrator Dian Criswell speaking on Bloomberg's
balance of power. Earlier today at the White House, President
Trump met with Israel's Prime Minister Benjamin Netnahu, and at
the top of the meeting a potential ceasefire in Gaza.
NETANYAHUO said, there is an opportunity to reach peace in
the Middle East. Here's Netnyah.
Speaker 5 (03:00):
I think PaaS City should have all the powers to
govern themselves, but none of the powers to threaten us.
That means a certain powers like overall security will always
remain in our hands.
Speaker 1 (03:12):
That was Israel's Prime Minister Benjamin Nettan Yahoo meantime, President
Trump seemed to be very bullish on the prospects for
a ceasefire between Israel and Tomas. Here is Bloomberg's Derek Waldbank.
Speaker 3 (03:23):
He thought that they were close. He thought that, you know,
he's asked if there were what the major holdup was
going to be, and he was suggesting that there wasn't
necessarily a major hold up. But Trump has been bullish before,
so let's see how this actually comes.
Speaker 1 (03:38):
That is Bloomberg's Derek Waldbank. Profit at Samsung Electronics fell
for the first time since twenty twenty three. We're talking
about a fifty six percent plunge in operating income for
the June quarter. Here is Bloomberg's Annabelle Droolers.
Speaker 6 (03:52):
First week, we heard that the business or Samsung is
saying that the US rules on AI chips for China
has affected its earnings. So Bullie, Samsung is one of
the companies most affected by these US export restrictions on
advanced semiconductors to China. It has become quite reliant on
the Chinese market for chip revenue.
Speaker 1 (04:09):
That is Bloomberg's Annabelle Droolers. And that is news when
you want it. With Bloomberg News. Now I'm Doug Prisner,
and this is Bloomberg
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.