I had a chance to meet Prime Minister Modi yesterday and so the 17.5% billion which is the largest investment we made in Asia to date and so we're uh thrilled about it. India really does seem to be having its AI moment. Microsoft just pledged $17.5% billion towards AI and cloud computing in India and right as Satya Nadella was set to [music] take the stage here in a convention center in Delhi.On the other side, Amazon rolled out its own plan of a [music] 35 billion investment that also includes AI. And let' ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to that closing bell with the global simulcast start at Carol Massar. Tim Sandvik there in the radio booth.Welcome to our audiences across all of our Bloomberg platforms, including our partnership with you to post that day, post Oracle Day. And you take a look at the price action Carol Massar And what does it tell you. I know we've had what, two records Dow and S&P intraday like ...

Let's start with the departure of McDonald. He's been there since 2018. We had a chance to see what he can do the last couple of years.Haven't pleased investors. Do you think this could potentially be a good change for the company. I think it's a positive change.Look, I think Calvin did a great job in scaling the business into a global leader for a period of time, but I don't think he was the right leader at the right time for this business. And what we've seen is throughout the past year, year and a half, ...

situation is is that our two goals are a bit in tension, right. So, um, interestingly, everyone around the table at the FOMC agrees that inflation is too high and that we want it to come down and agrees that the labor market has softened and that there's further risk. Everyone agrees on that.where the where the difference is is how do you weight those risks and what does your forecast look like and and and where do ultimately ultim where do you think the bigger risk is and and you know it's very unusual to ...

Supply Chain Shift - US tariffs on China, reaching as high as 88%, triggered a significant supply chain shift in the video game console industry [1][2] - Vietnam has become a primary source for US console imports, accounting for 75% or more, due to tariffs of approximately 10% or less [2] - Key suppliers for Sony, Microsoft, and Nintendo have been establishing or expanding manufacturing and warehouse facilities in Vietnam since early 2024 [3] Production and Export - Vietnamese manufacturers experienced a substantial increase in video game console exports to the US, rising from under $30 million per month to over $400 million per month [3] Market Impact - Despite the supply chain realignment, US store shelves have remained stocked with video game consoles [4] - Consumers may have observed price increases in some older console models due to the tariffs [4] Future Outlook - Analysts predict that the production shift to Vietnam is likely to be permanent, even if tariffs are removed [3]

President Zilinski has floated holding a referendum on territorial control in a peace deal as pressure mounts on Ukraine to agree to terms to end Russia's war. Russia wants Ukrainian forces to withdraw from the eastern Donbass region that includes parts of Luhansk and Donetsk that the Russian military has failed to capture in its nearly 4-year invasion. President Zilinski has engaged in talks with the Trump administration on its latest peace proposal, but has made clear that Kee is not considering surrender ...

I don't think they have known where I have been and uh certainly they would have done everything to stop me from coming here when I go back. Um the regime will well there are two opport possibilities certainly where the regime will be but if uh if it's still in power [snorts] uh certainly I I will be with my people and they will not know where I am. We have ways to do that and take care of us.What sustain the regime is a very powerful and and funded strongly funded repression system. Where does that funds c ...

Super intelligence. That's a term which has really crept into the public debate thanks to you and others in the last few months. When you use the term super intelligence, what does it mean to you.>> Super intelligence in the industry today means an AI system that can learn any new task and perform better than all humans combined at all tasks. So it is a very high bar. Um, and at the moment it comes with a great deal of risk.It's very unclear how we would contain and align a system that is so much more power ...

The president said at a lot of times in your home state the other evening that affordability is a Democrat hoax. Are you involved in some sort of conspiracy here. What is you referring to.Well, often I am bewildered by what exactly the president says. He says the problem is that too many kids have 37 pencils. I can assure you I don't have 37 pencils.Neither does my daughter. You know, this president really was elected more than any other reason, as you kind of referred to just a few moments ago. He was elec ...

Trade Policy Shift - Mexico has approved new tariffs on over 1400 products, mainly from Asian countries, particularly China, aligning with U S trade policies [2] - This represents a realignment of Mexico's trade policy to protect its national industry [2][3] - The Ministry of Economy will gain new powers to adjust tariffs without legislative approval [6] Potential Economic Impact - The tariffs aim to protect Mexican national production, which officials claim has been hurt by Asian imports [5] - Some industries in Mexico, such as carmakers, toy manufacturers, and home appliance producers, rely heavily on inputs from Asia, potentially leading to backlash [8][10] - Mexican officials anticipate that most of the affected products can be easily replaced by national production, minimizing the impact [10] USMCA Revision Implications - The tariff approval comes months before Mexico, Canada, and the U S are scheduled to revise the USMCA trade deal [5] - Officials hope this move will ease negotiations during the USMCA revision [6] Asian Investment Considerations - The tariffs could impact Asian companies that are establishing North American manufacturing operations in Mexico [7] - Heavy lobbying from Asian companies delayed the tariff bill's passage, indicating significant concern [4][8]