We will be having some discussions. I think we've already agreed to a lot of things and we'll agree to some more right now. Uh but uh President Xi is a great leader of a great country and I think we're going to have a fantastic relationship for a long period of time.>> China's relations have remained stable on the whole. >> Given our different national conditions, we do not always see eye to eye with each other. And it is normal >> for the two leading economies of the world to have frictions now and then.Yo ...

US-China Trade Relations - A one-year truce exists in US-China trade relations, but tensions remain from previous policies [1][2][8] - The US accounts for 15% of total global imports, and China accounts for 15% of global exports of goods, highlighting their mutual dependence [5] - The current trade situation is close to pre-"Liberation Day" tariffs, with some exceptions like fentanyl tariffs and licensing regimes on magnets [3][4] - Ambiguity persists on complex issues like Taiwan, TikTok, high-tech chips (BLACKWELL), and China's potential Boeing/oil purchases from Russia [4][5][6] Geopolitical Strategy and Alliances - The US should work with allies to develop secure supply chains, reducing dependence on China for rare earths [9] - Agreements with allies like Australia are crucial, and exploring opportunities in Latin America for rare earths is important [10] - China is considered the biggest competitor and strategic threat to the US, necessitating agreements with countries to pull them out of China's sphere of influence [11] - The US faces distrust and dislike globally, hindering cooperative agreements, despite other countries needing the US market and defense [16] Market Discipline and Future Outlook - Market discipline is expected to prevent an escalating trade war, as it would hurt both the US and China significantly [5][8][9] - The US has been perceived as an unreliable trade partner, with deals being made and then retracted, creating distrust [15][16] - A shift towards cooperative agreements, rather than a "bullying mentality," is needed for improved relations and cooperation [15][16]

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 a global simulcast. Carol Massar Tim Stanovec join us from the radio booth as we bring together our audiences across all of our Bloomberg platforms, including our partnership with YouTube.Yesterday, guys, we faced a fire hose of earnings. We get quite a few more today, including out of some big names like Apple and Amazon. I thought you maybe forgot firm ...

Drug trafficking down Brazil's Amazon has surged in recent years. This is because gangs have expanded into the Amazon and in response to increased surveillance along Brazil's southern border. In Arizona state, cocaine seizures have tripled in 2 years as the government increases river inspections.This is only a fraction of the amount of drugs coming down the river according to officials and experts. And this is because cocaine production in neighboring Colombia and Peru continues to break records and smuggle ...

What does being nice to AI models actually mean. If we agree that AI is conscious and deserves some sort of, you know, welfare, would that come with, I guess, financial rights, like property rights, compensation. Do we need to start paying the robots.>> I think it's also maybe a question of like, is this a thing that AI systems value. >> Some AI systems seem to value this. There's a few sort of experiments that are happening with regards to uh giving an AI system a crypto wallet.Um and it was a fascinating ...

So you take a look at IDC numbers. This was a record breaking quarter for Apple in terms of shipments. But then you take a look at revenue for the iPhone nebula coming in at $49 billion.That is just shy of estimates. And I wonder how one record didn't translate into another. Well, you know, that's a really good question, I think, because obviously there's a lot of, you know, different pieces.Definitely the iPhone makes a huge part of Apple's total revenue, Right. Majority of 50% share. But if you just focus ...

I know you've been relatively comfortable here with the way that this company has been managed. When you look at the sales numbers, particularly on the product side, you look at the revenue on the services side. Gil, does that match up with valuation and the rise that we've seen in the stock over the past three months.Not quite. And in fact, that iPhone number is a little light. I think that we were expecting closer to 50.And the stock, which has had a nice run up in the last few weeks, really had embedded ...

Financial Performance - Amazon had its cleanest quarter in some time [1] - Amazon moderately beat on revenue after adjusting for one-time item normalizations in operating income [2] - The most important line item was the 20% AWP growth [2] Growth Trajectory - There's an upward trajectory in terms of growth rate going into 2026 [3] - AWP growth will start getting a bigger contribution from entropic in the depressed business [2] Market Outlook - Amazon is possibly on the verge of becoming the next Google trade that happened in 2025 [3] - The stock has been held back, multiples compressed, and the company is at the beginning of an acceleration in the core business [3]

Safety and Technology - Roblox is committed to establishing a gold standard for safety on its platform and throughout the industry [1][2] - The company plans to use facial age estimation, powered by AI, to estimate the age of all users [1] - In addition to text filtering, critical harms monitoring, and prevention of image sharing, age estimation will help control communication [1] - The new age verification technology aims to gate who communicates with whom on the platform [1] - Roblox believes this initiative will establish a standard for safety and civility in the future [2]

Shannon, let's start with this underperformance. Is there a technical reason for this or does the underperformance reflect where fundamental issues. It's a great question.And our view is this was largely driven by technical factors. We we did absolutely have a lot of uncertainty coming in to the one big beautiful bill, uncertainty around tax exemption, generically speaking. And that pulled forward a lot of supply.That supply just wasn't met by enough buyers. And when we layered in questions around tariffs, ...