November 25, 2025 • 5 mins
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Speaker 1 (00:01):
News when you wanted. With Bloomberg News now, I'm Doug Prisner.
We're learning more about how the peace plan for Ukraine
was developed. Last month, US Special Envoice Steve Whitcoff held
a phone call with a senior Russian official to suggest
working together on the proposal, and according to transcripts obtained
by Bloomberg News, Witkof advised Russia on how to bring
up the topic with President Trump. Tonight, President Trump was
(00:24):
asked about this, and he called it a standard part
of negotiations.
Speaker 2 (00:28):
He's going to sell this to Ukraine. He's going to
sell Ukraine to Russia.
Speaker 3 (00:32):
That's what a deal maker does.
Speaker 2 (00:35):
You got to say, Look, they want this, You've got
to convince him with this. And I would imagine he's
saying the same thing to Ukraine because each party has to.
Speaker 1 (00:44):
Give it to That was President Trump speaking earlier to
reporters aboard Air Force One. Now, the President said he
is sending Whitcof to Moscow to meet with Russian President
Putin to finalize details. Trump also said the plan was
fine tuned, with a few remaining points of disagreement. The
search for a new FED chair is in its final
weeks and we are told the front runner is Kevin Hassett.
(01:07):
He is currently director of the National Economic Council. Now,
Hassett is seen as someone who would bring President Trump's
approach to lower interest rates. Here is Hassett speaking about
the FED share position tonight on Fox News. If you
were to ask me to be FED chair, then of
course I would have to say yes because I want
to serve my country and I want to serve my president.
Speaker 2 (01:26):
But we'll see how it goes.
Speaker 1 (01:28):
They are a lot of great candidates. That is NEC
director Kevin Hassett, speaking on Fox News Channel's Hannity. The
US government has negotiated a seventy one percent discount on
the blockbuster weight loss drugs Ozembic and Wilgovi for patients
enrolled in the Medicare program. We moved to earnings news
next after the bell. Dell Technology reported revenue for the
(01:50):
latest quarter below estimates. However, the company is forecasting revenue
for the current quarter above forecast thanks to increased sales
of AI servers, and at the same time, Dell is
projecting annual shipments of twenty five billion dollars. That's up
from the earlier projection of twenty billion. We got reaction
from Mehdi Husseini Group, senior equity research analyst at Sesquehanna International.
Speaker 2 (02:14):
I think the twenty five billion of AI server booking
was expected. We still don't know how they're going to
hit the fifty percent EPs Kegar. The problem I have
with Dell is their well positioned for AI storage and
also notebook, but is the margin and the cost is
going up, especially higher costs of DRAM SSDs and other components.
Speaker 1 (02:38):
That was Mehdi Husseini from Sessquehanna International. Shares in Dell
are up by more than five percent in late US trading.
We also heard from HP Inc. The company issued a
profit outlook for the current quarter below estimates, and HP Inc.
Said it will cut between four thousand and six thousand
jobs through fiscal twenty eight by using more AI tools.
(02:59):
These cuts will allow HPN to exit twenty twenty eight
with gross savings of a billion dollars. Warner Brothers Discovery
has asked potential buyers to submit new sweetened offers. This
request comes after Warner Brothers received an initial round of
bids from Paramounts, Guidance, as well as Comcast and Netflix.
Now the three are vying to buy some or all
(03:21):
of Warner Brothers, and after reviewing improved offers, we are
told Warner Brothers may enter a period of exclusive negotiations
with one of these companies. AI chips from Google are
being considered as a credible alternative to those from Nvidia.
Google makes tensor processing units or TPUs. They are built
specifically for certain AI related work, and they are less
(03:45):
power hungry than in Vidia's graphic processing units or GPU's
the dominant chips for AI. Well, the information is reporting
that Meta Platforms is in talks to spend billions of
dollars on Google's TPUs. Now a deal would signal growing
momentum for Google's chips and represent a challenge for in
Vidia's market dominance. Here is Bloomberg, se and King.
Speaker 3 (04:07):
If you believe what companies, including in Video, AMD and
all of the hyperscalers are saying, absolutely not, because guess
what spending is going to the moon. This is the
greatest bonanza ever and there's a room for everybody. If
that's the case, then this isn't a threat. If you
believe at some point the music is going to stop
(04:29):
and that innovation is going to slow, then it becomes
a scramble. If history is a guide, it becomes a
scramble over market share. And therefore any chip that is
potentially an alternative to what in video is offering is
a threat.
Speaker 1 (04:41):
That is Bloomberg Ce and King shares an in Vidia
today we're down two point six percent. Shares in Alphabet,
the parent of Google, up one and a half percent.
And that is news when you want it with Bloomberg News. Now,
I'm Doug Prisner, and this is Bloomberg
Speaker 2 (05:00):
M
News when you wanted. With Bloomberg News now, I'm Doug Prisner.
We're learning more about how the peace plan for Ukraine
was developed. Last month, US Special Envoice Steve Whitcoff held
a phone call with a senior Russian official to suggest
working together on the proposal, and according to transcripts obtained
by Bloomberg News, Witkof advised Russia on how to bring
up the topic with President Trump. Tonight, President Trump was
(00:24):
asked about this, and he called it a standard part
of negotiations.
Speaker 2 (00:28):
He's going to sell this to Ukraine. He's going to
sell Ukraine to Russia.
Speaker 3 (00:32):
That's what a deal maker does.
Speaker 2 (00:35):
You got to say, Look, they want this, You've got
to convince him with this. And I would imagine he's
saying the same thing to Ukraine because each party has to.
Speaker 1 (00:44):
Give it to That was President Trump speaking earlier to
reporters aboard Air Force One. Now, the President said he
is sending Whitcof to Moscow to meet with Russian President
Putin to finalize details. Trump also said the plan was
fine tuned, with a few remaining points of disagreement. The
search for a new FED chair is in its final
weeks and we are told the front runner is Kevin Hassett.
(01:07):
He is currently director of the National Economic Council. Now,
Hassett is seen as someone who would bring President Trump's
approach to lower interest rates. Here is Hassett speaking about
the FED share position tonight on Fox News. If you
were to ask me to be FED chair, then of
course I would have to say yes because I want
to serve my country and I want to serve my president.
Speaker 2 (01:26):
But we'll see how it goes.
Speaker 1 (01:28):
They are a lot of great candidates. That is NEC
director Kevin Hassett, speaking on Fox News Channel's Hannity. The
US government has negotiated a seventy one percent discount on
the blockbuster weight loss drugs Ozembic and Wilgovi for patients
enrolled in the Medicare program. We moved to earnings news
next after the bell. Dell Technology reported revenue for the
(01:50):
latest quarter below estimates. However, the company is forecasting revenue
for the current quarter above forecast thanks to increased sales
of AI servers, and at the same time, Dell is
projecting annual shipments of twenty five billion dollars. That's up
from the earlier projection of twenty billion. We got reaction
from Mehdi Husseini Group, senior equity research analyst at Sesquehanna International.
Speaker 2 (02:14):
I think the twenty five billion of AI server booking
was expected. We still don't know how they're going to
hit the fifty percent EPs Kegar. The problem I have
with Dell is their well positioned for AI storage and
also notebook, but is the margin and the cost is
going up, especially higher costs of DRAM SSDs and other components.
Speaker 1 (02:38):
That was Mehdi Husseini from Sessquehanna International. Shares in Dell
are up by more than five percent in late US trading.
We also heard from HP Inc. The company issued a
profit outlook for the current quarter below estimates, and HP Inc.
Said it will cut between four thousand and six thousand
jobs through fiscal twenty eight by using more AI tools.
(02:59):
These cuts will allow HPN to exit twenty twenty eight
with gross savings of a billion dollars. Warner Brothers Discovery
has asked potential buyers to submit new sweetened offers. This
request comes after Warner Brothers received an initial round of
bids from Paramounts, Guidance, as well as Comcast and Netflix.
Now the three are vying to buy some or all
(03:21):
of Warner Brothers, and after reviewing improved offers, we are
told Warner Brothers may enter a period of exclusive negotiations
with one of these companies. AI chips from Google are
being considered as a credible alternative to those from Nvidia.
Google makes tensor processing units or TPUs. They are built
specifically for certain AI related work, and they are less
(03:45):
power hungry than in Vidia's graphic processing units or GPU's
the dominant chips for AI. Well, the information is reporting
that Meta Platforms is in talks to spend billions of
dollars on Google's TPUs. Now a deal would signal growing
momentum for Google's chips and represent a challenge for in
Vidia's market dominance. Here is Bloomberg, se and King.
Speaker 3 (04:07):
If you believe what companies, including in Video, AMD and
all of the hyperscalers are saying, absolutely not, because guess
what spending is going to the moon. This is the
greatest bonanza ever and there's a room for everybody. If
that's the case, then this isn't a threat. If you
believe at some point the music is going to stop
(04:29):
and that innovation is going to slow, then it becomes
a scramble. If history is a guide, it becomes a
scramble over market share. And therefore any chip that is
potentially an alternative to what in video is offering is
a threat.
Speaker 1 (04:41):
That is Bloomberg Ce and King shares an in Vidia
today we're down two point six percent. Shares in Alphabet,
the parent of Google, up one and a half percent.
And that is news when you want it with Bloomberg News. Now,
I'm Doug Prisner, and this is Bloomberg
Speaker 2 (05:00):
M
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