June 20, 2025 • 5 mins
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Speaker 1 (00:00):
News when you want it with Bloomberg News Now I
Made Kaleggi. Apple executives have held internal discussions about potentially
bidding for artificial intelligence start up Perplexity Ai, seeking to
address the need for more AI talent and technology. Adrian Perica,
the company's head of mergers and acquisitions, has weighed the
idea with services cheap eddie q and top AI decision makers.
(00:25):
According to people with knowledge of the matter, the discussions
are at an early stage and may not lead to
an officer of the people who ask not to be
identified because the matter is private. Such a deal would
help Apple develop an AI based search engine, part of
efforts to cope with the potential loss of a long
standing arrangement with Google. That partnership, which involves making Google
the default browser on devices, generates roughly twenty billion dollars
(00:49):
a year for Apple, and is now under threat from
US antitrust enforcers. President Trump is musing about firing Federal
Reserve Chair Jerome Powell in a post on truth Social
saying maybe, just maybe I'll have to change my mind
about firing him, but regardless, his term ends shortly. Trump
says he is confused why the Federal Reserve Board doesn't
(01:10):
override Powell. Palestinian activist muk Mood Khalil was released Friday
from federal immigration detention, freed by a judge's ruling after
becoming a symbol of President Trump's clamp down on campus protests.
The former Columbia University graduate student left a federal facility
in Louisiana Friday. He is expected to head to New
York to reunite with his US citizen wife and newborn son.
(01:33):
Held for over three months, Khalil was released after US
District Judge Michael Farbiaz said it would be highly highly
unusual for the government to continue detaining a legal US
resident who was unlikely to flee and had not been
accused of any violence. The Financial Times reports that Japan
has canceled a top level meeting with the US after
the Trump administration abruptly asked the country to boost defense spending.
(01:56):
The Financial Time cites three people familiar with the maps are,
including two officials in Tokyo. President Trump deepened uncertainty about
his readiness to join Israel's week old war with Iran,
signaling he might consider backing a ceasefire, but also warning
that he could order military actions sooner than the deadline
he flagged just a day earlier. Trump told reporters in
(02:16):
New Jersey after meeting earlier with his national security team
that he is giving them a period of time and
that two weeks would be the maximum. He dismissed European
efforts to find a diplomatic solution. The president was also
asked about the intelligence he's received claiming that Iran is
building a nuclear weapon.
Speaker 2 (02:33):
What intelligence do you have that Iran is building a
nuclear weapon? Your intelligence community has said they have no
evidence that they are at this point.
Speaker 1 (02:40):
Well, then my intelligence community is wrong. But when the
intelligence community said that.
Speaker 2 (02:45):
You're Director of National Intelligence, Tolci Gabbert, she's wrong.
Speaker 1 (02:48):
A week into their war, Israel and Iran exchanged more
strikes Friday, as new diplomatic efforts led by the Europeans
took place in Geneva. Iran's Foreign Minister of as Aarachi
held several hours of tok with the European Union's top
diplomat and counterparts from the United Kingdom, France, and Germany. Afterwards,
Britain's foreign secretary said they were keen to continue ongoing
(03:09):
discussions and negotiations with Iran. However, the European ministers gave
few details and took no questions. President Trump said his
administration has been holding talks with Harvard University and may
announce a deal over the next week, potentially ending a
standoff that has jeopardized billions of dollars of the school's
funding and ignited a rollicking legal fight. Trump said Friday,
(03:31):
and truth Social they have acted extremely appropriately during these negotiations.
It appear to be committed to doing what is right.
If a settlement is made on the basis that is
currently being discussed, it will be mind boggingly historic and
very good for our country. Trump's upbe tone signal a
major potential shift in one of the defining controversies of
his term so far, as he accused US colleges of
(03:54):
fostering anti Semitism and slammed them for what he called
their liberal bias. Ended with losses in stocks as investors
rego political and trade developments. We get more from Bloomberg's
Charlie Pellett.
Speaker 2 (04:06):
Chip makers sank with the Philadelphia Stock Exchanges Semiconductor Index,
the socks down point seven percent, model six point five
trillion options expiration spurred a surge in volume. Bonds bounced
from lows, as FED Governor Christopher Waller said rates could
drop as early as July. Not even signs that the
(04:26):
US is giving a chance to diplomacy and de escalating
the war between Israel and Iran were able to soothe
nerves ahead of the weekend. For the week, the S
and P five hundred index was down point one five percent.
The Dow was little changed, up point zero two percent.
Nastak gained this week by zero point two percent. In
New York, Charlie Pellett Bloomberg Radio.
Speaker 1 (04:49):
The owner of ihop and Applebee's, is making room at
the table for AI. The Wall Street Journal says Dine
brands franchises are getting AI tools that help them find
answers to tech support questions and to personalize offers for
customers and customer loyalty programs. Dine also tells the journal
it's testing AI powered cameras they can tell the staff
when a table needs to be cleaned. The Friday numbers
(05:12):
on Wall Street, the Dow gained thirty five, NASDAK lost
ninety eight, the S and P drop thirteen. The tenure
treasurer yield at four point three seven percent, the two
year three point nine percent. That's news when you want
it with Bloomberg News. Now I made Kleggy. This is
Bloomberg
News when you want it with Bloomberg News Now I
Made Kaleggi. Apple executives have held internal discussions about potentially
bidding for artificial intelligence start up Perplexity Ai, seeking to
address the need for more AI talent and technology. Adrian Perica,
the company's head of mergers and acquisitions, has weighed the
idea with services cheap eddie q and top AI decision makers.
(00:25):
According to people with knowledge of the matter, the discussions
are at an early stage and may not lead to
an officer of the people who ask not to be
identified because the matter is private. Such a deal would
help Apple develop an AI based search engine, part of
efforts to cope with the potential loss of a long
standing arrangement with Google. That partnership, which involves making Google
the default browser on devices, generates roughly twenty billion dollars
(00:49):
a year for Apple, and is now under threat from
US antitrust enforcers. President Trump is musing about firing Federal
Reserve Chair Jerome Powell in a post on truth Social
saying maybe, just maybe I'll have to change my mind
about firing him, but regardless, his term ends shortly. Trump
says he is confused why the Federal Reserve Board doesn't
(01:10):
override Powell. Palestinian activist muk Mood Khalil was released Friday
from federal immigration detention, freed by a judge's ruling after
becoming a symbol of President Trump's clamp down on campus protests.
The former Columbia University graduate student left a federal facility
in Louisiana Friday. He is expected to head to New
York to reunite with his US citizen wife and newborn son.
(01:33):
Held for over three months, Khalil was released after US
District Judge Michael Farbiaz said it would be highly highly
unusual for the government to continue detaining a legal US
resident who was unlikely to flee and had not been
accused of any violence. The Financial Times reports that Japan
has canceled a top level meeting with the US after
the Trump administration abruptly asked the country to boost defense spending.
(01:56):
The Financial Time cites three people familiar with the maps are,
including two officials in Tokyo. President Trump deepened uncertainty about
his readiness to join Israel's week old war with Iran,
signaling he might consider backing a ceasefire, but also warning
that he could order military actions sooner than the deadline
he flagged just a day earlier. Trump told reporters in
(02:16):
New Jersey after meeting earlier with his national security team
that he is giving them a period of time and
that two weeks would be the maximum. He dismissed European
efforts to find a diplomatic solution. The president was also
asked about the intelligence he's received claiming that Iran is
building a nuclear weapon.
Speaker 2 (02:33):
What intelligence do you have that Iran is building a
nuclear weapon? Your intelligence community has said they have no
evidence that they are at this point.
Speaker 1 (02:40):
Well, then my intelligence community is wrong. But when the
intelligence community said that.
Speaker 2 (02:45):
You're Director of National Intelligence, Tolci Gabbert, she's wrong.
Speaker 1 (02:48):
A week into their war, Israel and Iran exchanged more
strikes Friday, as new diplomatic efforts led by the Europeans
took place in Geneva. Iran's Foreign Minister of as Aarachi
held several hours of tok with the European Union's top
diplomat and counterparts from the United Kingdom, France, and Germany. Afterwards,
Britain's foreign secretary said they were keen to continue ongoing
(03:09):
discussions and negotiations with Iran. However, the European ministers gave
few details and took no questions. President Trump said his
administration has been holding talks with Harvard University and may
announce a deal over the next week, potentially ending a
standoff that has jeopardized billions of dollars of the school's
funding and ignited a rollicking legal fight. Trump said Friday,
(03:31):
and truth Social they have acted extremely appropriately during these negotiations.
It appear to be committed to doing what is right.
If a settlement is made on the basis that is
currently being discussed, it will be mind boggingly historic and
very good for our country. Trump's upbe tone signal a
major potential shift in one of the defining controversies of
his term so far, as he accused US colleges of
(03:54):
fostering anti Semitism and slammed them for what he called
their liberal bias. Ended with losses in stocks as investors
rego political and trade developments. We get more from Bloomberg's
Charlie Pellett.
Speaker 2 (04:06):
Chip makers sank with the Philadelphia Stock Exchanges Semiconductor Index,
the socks down point seven percent, model six point five
trillion options expiration spurred a surge in volume. Bonds bounced
from lows, as FED Governor Christopher Waller said rates could
drop as early as July. Not even signs that the
(04:26):
US is giving a chance to diplomacy and de escalating
the war between Israel and Iran were able to soothe
nerves ahead of the weekend. For the week, the S
and P five hundred index was down point one five percent.
The Dow was little changed, up point zero two percent.
Nastak gained this week by zero point two percent. In
New York, Charlie Pellett Bloomberg Radio.
Speaker 1 (04:49):
The owner of ihop and Applebee's, is making room at
the table for AI. The Wall Street Journal says Dine
brands franchises are getting AI tools that help them find
answers to tech support questions and to personalize offers for
customers and customer loyalty programs. Dine also tells the journal
it's testing AI powered cameras they can tell the staff
when a table needs to be cleaned. The Friday numbers
(05:12):
on Wall Street, the Dow gained thirty five, NASDAK lost
ninety eight, the S and P drop thirteen. The tenure
treasurer yield at four point three seven percent, the two
year three point nine percent. That's news when you want
it with Bloomberg News. Now I made Kleggy. This is
Bloomberg
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