1
00:00:00,880 --> 00:00:05,000
Speaker 1: News when you wanted with Bloomberg News Now, I made Kolegi.

2
00:00:05,200 --> 00:00:09,119
Speaker 1: Russia intensified its attacks on Ukraine's capital, firing drones and

3
00:00:09,160 --> 00:00:12,120
Speaker 1: missiles overnight after a seven hour barrage of Kiev on

4
00:00:12,160 --> 00:00:14,880
Speaker 1: Saturday that was one of the most sustained in the

5
00:00:14,880 --> 00:00:19,079
Speaker 1: four year war. The airstrikes, which spilled over into early Sunday,

6
00:00:19,160 --> 00:00:22,160
Speaker 1: followed the second stage of a major prisoner of war swamp.

7
00:00:22,520 --> 00:00:26,000
Speaker 1: Another three hundred seven prisoners on each side were exchanged

8
00:00:26,239 --> 00:00:30,240
Speaker 1: near Ukraine's northern border with Belarus hours before Kiev came

9
00:00:30,320 --> 00:00:32,960
Speaker 1: under fire by the first round of the Russian barrage.

10
00:00:33,200 --> 00:00:37,680
Speaker 1: Kiev Mayor Vitali Klitchko set on telegram that explosions were

11
00:00:37,720 --> 00:00:41,360
Speaker 1: heard across Kiev and debris from intercepted projectiles fell in

12
00:00:41,479 --> 00:00:45,640
Speaker 1: several districts after Kremlin forces fire drones and missiles. A

13
00:00:45,760 --> 00:00:48,800
Speaker 1: Harris poll for Bloomberg News has found President Trump is

14
00:00:48,840 --> 00:00:51,680
Speaker 1: struggling to persuade US consumers of the merits of his

15
00:00:51,800 --> 00:00:55,400
Speaker 1: trade war. Fifty six percent of adults say their household

16
00:00:55,400 --> 00:00:58,240
Speaker 1: finances would be better off if Trump's tariffs had not

17
00:00:58,320 --> 00:01:01,360
Speaker 1: been implemented. Some fifty ti two percent of respondents said

18
00:01:01,400 --> 00:01:03,960
Speaker 1: the promised benefits of the levies would not be worth

19
00:01:04,000 --> 00:01:07,880
Speaker 1: their economic cost. That assessment comes after Trump's Liberation Day

20
00:01:07,959 --> 00:01:10,399
Speaker 1: slate of tariffs made for the biggest act of US

21
00:01:10,400 --> 00:01:14,600
Speaker 1: protectionism since the nineteen thirties, helping push US taxation on

22
00:01:14,680 --> 00:01:17,760
Speaker 1: imports to its highest level in nearly a century. The

23
00:01:17,880 --> 00:01:21,520
Speaker 1: rollout was greeted with turmoil in financial markets and new

24
00:01:21,600 --> 00:01:25,760
Speaker 1: concerns over the possibility of the US slipping into a recession.

25
00:01:26,440 --> 00:01:29,480
Speaker 1: President Trump used the first military commencement address of his

26
00:01:29,560 --> 00:01:33,200
Speaker 1: second term Saturday to congratulate West Point Cadets on their

27
00:01:33,240 --> 00:01:38,240
Speaker 1: academic and physical accomplishments, while veering sharply into politics, taking

28
00:01:38,280 --> 00:01:41,560
Speaker 1: credit for America's military might while boasting about the mandate

29
00:01:41,600 --> 00:01:44,959
Speaker 1: he says he earned in the twenty twenty four presidential election.

30
00:01:45,319 --> 00:01:48,960
Speaker 1: The President also talked to the cadets about border crossings.

31
00:01:49,080 --> 00:01:52,000
Speaker 2: We had nobody come in in the last week and

32
00:01:52,000 --> 00:01:58,240
Speaker 2: a half. We were at ninety nine point nine nine percent.

33
00:02:00,560 --> 00:02:05,120
Speaker 2: Nine point nine nine think of that I was with

34
00:02:05,240 --> 00:02:07,080
Speaker 2: the help of our military.

35
00:02:07,800 --> 00:02:10,280
Speaker 1: Elon Musk said he needs to be super focused on

36
00:02:10,360 --> 00:02:13,919
Speaker 1: his companies, pointing to issues at X today as evidence

37
00:02:13,919 --> 00:02:16,760
Speaker 1: of a need for major improvement at the social network.

38
00:02:16,880 --> 00:02:19,279
Speaker 1: We get more from Bloomberg's Denise Pellegrini.

39
00:02:19,520 --> 00:02:22,160
Speaker 3: Musk says he is back to spending twenty four to

40
00:02:22,160 --> 00:02:25,440
Speaker 3: seven at work and sleeping in conference or server or

41
00:02:25,560 --> 00:02:28,360
Speaker 3: factory rooms. He posted the comment and answer to news

42
00:02:28,360 --> 00:02:32,800
Speaker 3: of outages on the social media platform Saturday after problems Friday.

43
00:02:33,120 --> 00:02:35,840
Speaker 3: Musk also said he must be super focused on x

44
00:02:36,200 --> 00:02:41,040
Speaker 3: Xai and Tesla Plus on the starship launch next week

45
00:02:41,120 --> 00:02:44,520
Speaker 3: as he has critical technologies rolling out. Meantime, a post

46
00:02:44,560 --> 00:02:47,720
Speaker 3: from the x engineering team said it had been facing

47
00:02:47,720 --> 00:02:51,639
Speaker 3: issues from a data center outage. Denise Pellegreney Bloomberg Radio.

48
00:02:51,800 --> 00:02:54,440
Speaker 1: Holiday shortened trading week will be a busy one for

49
00:02:54,600 --> 00:02:57,520
Speaker 1: corporate earnings. Bloomberg's Nathan Hager has a preview.

50
00:02:57,680 --> 00:03:00,160
Speaker 4: Fourteen companies in the S and P five hundred open

51
00:03:00,240 --> 00:03:03,720
Speaker 4: their books this week. They include some big ones like Nvidia.

52
00:03:03,840 --> 00:03:07,359
Speaker 4: The AI chip Giants results come out Wednesday. Margins could

53
00:03:07,400 --> 00:03:09,800
Speaker 4: be squeezed by the ramp up of its next generation

54
00:03:09,919 --> 00:03:12,720
Speaker 4: Blackwell chip, but Nvidia is still on track to beat

55
00:03:12,760 --> 00:03:16,119
Speaker 4: expectations for the year. We also hear this week from Costco,

56
00:03:16,320 --> 00:03:18,880
Speaker 4: Macy's and best Buy to see how big a hit

57
00:03:18,960 --> 00:03:21,160
Speaker 4: they could see from tariffs and how much of it

58
00:03:21,200 --> 00:03:25,200
Speaker 4: they might pass on to the consumer. Nathan Hager, Bloomberg Radio.

59
00:03:25,400 --> 00:03:29,519
Speaker 1: Discount retailer Ross Stores plunged nine point eight percent Friday

60
00:03:29,560 --> 00:03:32,040
Speaker 1: after pulling its full year profit outlook. We get more

61
00:03:32,080 --> 00:03:33,680
Speaker 1: from Bloomberg's Charlie Pellett.

62
00:03:33,880 --> 00:03:38,520
Speaker 5: Ross sites heightened uncertainty caused by tariffs on its conference

63
00:03:38,520 --> 00:03:42,160
Speaker 5: call after earning CEO James Conroy said, quote, there are

64
00:03:42,240 --> 00:03:46,240
Speaker 5: simply too many unknown variables that are limiting our visibility

65
00:03:46,240 --> 00:03:49,000
Speaker 5: into the second half of the fiscal year. More than

66
00:03:49,080 --> 00:03:52,600
Speaker 5: half of the chain's inventory originates in China. Ross said

67
00:03:52,680 --> 00:03:56,120
Speaker 5: it expects tariff related costs of as much as sixteen

68
00:03:56,240 --> 00:03:59,280
Speaker 5: cents a share in the second quarter in New York.

69
00:03:59,480 --> 00:04:01,320
Speaker 5: Charlie pell Bloomberg Radio.

70
00:04:01,440 --> 00:04:04,960
Speaker 1: Pakistan's veiled nuclear threat probes the limits of a theory

71
00:04:04,960 --> 00:04:07,880
Speaker 1: that atomic weapons deter all out war but make smaller

72
00:04:07,920 --> 00:04:11,800
Speaker 1: conflicts more likely. The India Pakistan conflict is testing the

73
00:04:11,880 --> 00:04:14,680
Speaker 1: threshold for nuclear war. You can read all about it

74
00:04:14,720 --> 00:04:18,600
Speaker 1: in Bloomberg's weekend edition exploring the places where finance, life

75
00:04:18,600 --> 00:04:21,559
Speaker 1: and culture meat. Find it now on Bloomberg dot com

76
00:04:21,560 --> 00:04:24,640
Speaker 1: and the Bloomberg Business app. That's news when you want

77
00:04:24,640 --> 00:04:27,400
Speaker 1: it with Bloomberg News. Now I made Koleggi.

78
00:04:27,680 --> 00:04:28,640
Speaker 5: This is Bloomberg