Megan Scully joins us right now. She's a Bloomberg reporter and she's been helping to pass through the files. And she joins us right now from our Washington bureau.And Megan, first, I want to start off with the idea of exactly what is being released today, because that was under the under the under the understanding that we were supposed to get the full cache of files. Based on the way the law was written. Is that what we're getting today.Absolutely. We were supposed to get the full cache of files. The depu ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld here to take you through to the closing bell with a global simulcast. We're joined now by Carol Massar and Tim Stenovec in the radio room.Welcome to our audiences across all of our Bloomberg platforms as we pass the most crucial moments going on in the world of finance. But we do want to start off the simulcast here with a note here about the world of politics. We're now learning based on a headline ...

How much success has China already had in reshaping the the international community. >> I would say much less than we might anticipate. It doesn't seem as though much of the rest of the world is interested in trading the current international system for a Chinaled international system.That being said, if you're looking for Chinese technological influence or economic influence globally, certainly the Belton Road and the digital Silk Road have been transformative. look at Huawei which has you know 70% of the ...

The proof is in the pudding as to whether the algorithm is as powerful. How do you see as someone who's in charge of content development and wanting to get your content out there in a marketing capacity, do you have confidence that will be as good without bite dancers heavily involved. >> Well, I I think it probably will be.There's a lot of intricacies and a lot of um AI that's the the word of the day in that code. And I think that code base being kept intact is crucial. I think had they tried to recreate a ...

I'm thrilled to be joined by the leaders of nine of the world's largest pharmaceutical. Manufacturers, all very big names. Celebrities in their own right agreed to offer many of their flagship drugs, really all of their flagship drugs at heavily discounted most favored nations prices.In other words, whatever the drug sales were over the world, in the world, whatever the lowest number is, if it's Germany, if it's in the U.K., anywhere, we will match that price. ...

Who's going to be the next Fed chair. No pressure, Mike. Kevin Hassett, still the favorite on this was Polly Marcus.Well, it's funny because he's gone up and down. Yeah, he was up, then he was down and Kevin Warsh was up and now he's down. And Chris Waller making a late bid on the outside.It's like a horse race. It actually really is. And then I heard today that recruiters actually coming in my personal Mara Mar-A-Lago, to do his interview with the president.How do you make sense. Is this what normally happ ...

All of the cards that you're looking at here are artist driven. We are not leveraging [music] AI to make our cards. Um, so that is that is a place that we have kind of said, no, we are for the artist.That creativity is going to come from our from humans. Um, we can leverage [music] AI within magic to speed up processes and but but the actual art itself that you're staring at is is coming from our artists themselves. >> Can [music] you bring it into the actual game play.I think AI is going on the gameplay wh ...

What were the larger forces that kept inflation down and have they gone away. >> Well, a very important force that was keeping inflation down was globalization. It was the case after China entered the WTO 25 years ago that goods were coming out of China and was holding goods prices down.At the same time, immigration globally also went up. That also messed that the cost of labor and wage inflation was also held down. So those forces were weighing on inflation for literally two decades after 2000 because we s ...

It looks more likely that we indeed have something of a tick- tock deal where US buyers will take the American portion. You after some of the negotiations in Madrid were talking about how this deal, how this company was part and parcel of a variety of matters when it comes to negotiation negotiating with your Chinese counterparts. So, have you had more discussions about this deal with Tik Tok.Does it seem likely that China will let it happen. >> Uh, so there are there are two layers to the Tik Tok deal. One ...

Trade Policy & Tariffs - The administration aimed to reset the global trading order towards a fair and balanced approach, implementing numerous trade deals and tariffs [1][2] - The tariff program is considered crucial for building a new global trading order and protecting US industry, with trading partners having largely accepted the system [5] - The removal of tariffs on specific goods like bananas, coffee, and cocoa was considered to address affordability concerns, especially for goods not produced in the United States [9] - The primary goal of the trade program is to reshore American manufacturing, protect American food security, create jobs, and increase wages, rather than driving prices [12][13] US-China Trade Relations - The US aims for stability in trade relations with China, seeking a more balanced trade relationship, with the trade deficit decreasing by 25% [20] - A potential agreement with China in the first half of next year could outline specific trade items and volumes, representing a form of managed trade [21] - Rare earth elements continue to flow from China, and China has purchased over 5 million metric tons of soybeans, indicating ongoing trade between the two countries [18] - Discussions regarding the TikTok deal involve both private sector agreements and government approvals from the US and China, with an expectation of Chinese government approval [15][16] Trade Relations with Other Regions - The US has expressed strong concerns regarding discriminatory regulatory measures by Europe against US tech companies, which appear to target companies based on revenue or business models [31][32] - Negotiations with India are ongoing to find a good landing zone, while other trade partners have concluded negotiations more quickly [36] - Mexico has requested modifications to steel and aluminum tariffs, and discussions are ongoing, with the US acknowledging Mexico's constructive approach in addressing US concerns [39][40][41] Export Controls & National Security - Export controls are fluid and constantly reviewed to balance national security with technological advancements and foreign availability [25] - Approvals for exporting certain items, like H2O chips, to China are subject to Commerce Department review to ensure US national security is not jeopardized [26] - The US government is closely monitoring China's development of AI chips and semiconductor tools [25]