June 30, 2025: Kohberger to Accept Plea, Senate Heads Into All-Nighter, More

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Episode Transcript

Speaker 1 (00:01):
News when you want it. With Bloomberg News Now, I'm
Doug Chrisner. Brian Koberger has reportedly agreed to plead guilty
to killing four University of Idaho students to avoid the
death penalty. This is according to multiple media outlets. These
killings occurred back in November twenty twenty two. Autopsy showed
the four were all likely asleep when the attacks occurred,

(00:23):
some had defensive wounds, and each stabbed multiple times. We
go next to Capitol Hill, where GOP leaders in the
Senate are rushing to overcome internal fights over President Trump's
tax and spending package. Majority leader John Thune needs to
win over at least five of eight GOP holdouts. Here
is Virginia Democratic Senator Mark Warner, speaking earlier to Bloomberg's

(00:47):
balance of power.

Speaker 2 (00:48):
I feel like there is this pull and push and
pull here, and at the same time Leader thun has
got to try to get a product that could actually
still then pass the House. This is what happens. I
wish they would have taken a little more time. At
the end of the day, the fact they asked for
no Democratic input, I'd probably still be against it.

Speaker 1 (01:07):
That is Virginia Senator Mark Warner, speaking earlier to Bloomberg's
balance of power in so far as Senate Majority Leader
Thune is concerned, he says, the bill needs to get
done in time.

Speaker 2 (01:19):
This is good for America.

Speaker 3 (01:21):
This is good for the American people, it's good for
working families, and.

Speaker 1 (01:24):
It's been a long debate.

Speaker 4 (01:26):
I know people are weary, but at the end of
the day, we want to get this done.

Speaker 1 (01:30):
That is Senate Majority Leader John Thune. Staying in Washington,
White House Economic Advisor Kevin hasse It says the administration
is preparing to finalize trade agreement shortly after the July
fourth holiday. Speaking earlier on CNBC, has had said several
deals are nearing completion and they will be reviewed by
President Trump this week.

Speaker 4 (01:51):
I think that we've got a whole number of deals,
double digit deals that we've got frameworks, just like we
have for the UK, that are just about agree to.
As soon as the tax bill has passed, I think
that there's going to be a marathon sashit at the Oval,
where we'll go through them one by one of the
President and we'll make the final call, set the tariff rates,
and show the world all the work that Howard jameson
career has got bested to.

Speaker 1 (02:12):
Do it any c director Kevin Hasset there. Speaking earlier
to CNBC, He went on to say the US Trade
team is aiming for deals before the July ninth tariff tedline.
Hassett's comments came just hours after President Trump threatened new
tariffs on Japan over rice exports. Hassett did say the
talks with Tokyo are ongoing despite the president's rhetoric. Meantime,

(02:35):
White House Press Secretary Caroline Levitt said the US is
currently finalizing a trade agreement with India. Bloomberg has learned
that Apple is in talks with both Open Ai and
Anthropic to power a new version of Siri. Now. This
move suggests that Apple could potentially abandon its own AI models.
Here is Bloomberg's Mark German.

Speaker 5 (02:55):
Apple has tried to do something similar, build those models
in house and own the core tech on the touch screen,
like they own some of the camera tech, like they
own with their processors and all their products. Now, but
what are you supposed to do If it's not very good?
You have to find an alternative. You have to go
outside and use.

Speaker 1 (03:10):
A partner that is Bloomberg's Mark German reporting now. Representatives
for Apple, Andthropic and OpenAI all declined to comment. Shares
an Apple we're up two percent in New York trading.
The stock market closed at record highs on the final
day of the second quarter, and the S ANDP is
now up roughly twenty five percent from its April lows,

(03:30):
giving the benchmark its best quarters since December twenty twenty three.
Today the SMP broke above sixty two hundred, with tech
shares leading the charge. Sam Stovall is the chief investment
strategist at CFR Research.

Speaker 3 (03:44):
Right now, the S and P five hundred is trading
at two standard deviations above it's twenty year mean. It's
more than one standard deviation above the ten year means.

Speaker 1 (03:56):
That is Sam Stovall from CFR speaking early. You're on
the Bloomberg Business Week daily radio program. By the way,
much of the market's gains have been tied to the
hope that the Fed will be resuming rate cuts, and
today Goldman Sachs projected a cut in September as the
inflationary effects of tariffs look a bit smaller than expected.
And that is news when you want it. With Bloomberg News.

(04:19):
Now I'm deg prisoner, and this is Bloomberg