1
00:00:01,280 --> 00:00:03,960
Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner.

2
00:00:04,440 --> 00:00:07,040
Speaker 1: A new set of US tariffs has been set and

3
00:00:07,160 --> 00:00:10,120
Speaker 1: a new trade deal deadline has been issued. On Monday,

4
00:00:10,119 --> 00:00:13,480
Speaker 1: President Trump signed in executive order it delays the new

5
00:00:13,520 --> 00:00:16,919
Speaker 1: tariffs until August first for all nations facing those so

6
00:00:17,079 --> 00:00:21,120
Speaker 1: called reciprocal levies. In one example, President Trump will impose

7
00:00:21,200 --> 00:00:24,479
Speaker 1: tariffs of twenty five percent on goods from both Japan

8
00:00:24,680 --> 00:00:28,120
Speaker 1: and South Korea beginning August first, and Trump is also

9
00:00:28,200 --> 00:00:32,600
Speaker 1: imposed thirty six percent tariffs on goods from Thailand and Cambodia,

10
00:00:32,720 --> 00:00:36,120
Speaker 1: also effective August first. Needless to say, this will turn

11
00:00:36,159 --> 00:00:38,959
Speaker 1: up the heat on US trading partners, especially now that

12
00:00:38,960 --> 00:00:42,720
Speaker 1: that current ninety day reprieve from those reciprocal duties is

13
00:00:42,760 --> 00:00:46,320
Speaker 1: set to expire on Wednesday. Tonight, President Trump said he

14
00:00:46,360 --> 00:00:50,639
Speaker 1: has sent letters to these countries representing final offers. Here

15
00:00:50,720 --> 00:00:53,360
Speaker 1: is Trump speaking earlier to reporters at the White House.

16
00:00:53,320 --> 00:00:55,760
Speaker 2: And all I say to the other countries is, you know,

17
00:00:55,840 --> 00:00:58,160
Speaker 2: some of them wanted to make a deal and want

18
00:00:58,200 --> 00:01:00,920
Speaker 2: to be fair. Others perhaps got a little bit spoiled.

19
00:01:01,040 --> 00:01:04,360
Speaker 2: They were a little bit spoiled because for thirty forty years,

20
00:01:04,400 --> 00:01:07,880
Speaker 2: fifty years. They were taking advantage of the country. So

21
00:01:07,920 --> 00:01:11,479
Speaker 2: we're gonna, I would say the final but if they

22
00:01:11,520 --> 00:01:14,080
Speaker 2: call with a different offer and if I like it.

23
00:01:14,360 --> 00:01:17,960
Speaker 1: That was President Trump speaking there. We go to Texas next,

24
00:01:18,000 --> 00:01:21,280
Speaker 1: where search and rescue efforts are underway after floods tore

25
00:01:21,400 --> 00:01:25,320
Speaker 1: through communities along the Guadalupe River. Officials have confirmed the

26
00:01:25,360 --> 00:01:28,640
Speaker 1: deaths of twenty seven children and counselors who had been

27
00:01:28,640 --> 00:01:32,160
Speaker 1: missing from a girls' summer camp. Statewide, more than one

28
00:01:32,240 --> 00:01:35,360
Speaker 1: hundred debts have been confirmed, and officials say this number

29
00:01:35,400 --> 00:01:39,120
Speaker 1: will climb. Meantime, local, state, and federal officials are facing

30
00:01:39,200 --> 00:01:44,640
Speaker 1: questions about warning systems, weather forecast, and evacuation efforts. We

31
00:01:44,760 --> 00:01:48,080
Speaker 1: got a reaction from Texas Republican Senator Ted Cruz.

32
00:01:48,520 --> 00:01:51,640
Speaker 3: I think there have been some eager to point at

33
00:01:51,680 --> 00:01:54,120
Speaker 3: the National Weather Service and say cuts there led to

34
00:01:54,680 --> 00:01:55,600
Speaker 3: a lack of warning.

35
00:01:56,600 --> 00:01:58,720
Speaker 2: I think that's contradicted by the fact.

36
00:01:58,600 --> 00:02:02,440
Speaker 1: That is Ted Cruz there, public and senator from Texas. Meantime,

37
00:02:02,480 --> 00:02:06,160
Speaker 1: President Trump has signed a FEMA disaster declaration for the

38
00:02:06,200 --> 00:02:09,480
Speaker 1: state of Texas. This comes even though the President previously

39
00:02:09,560 --> 00:02:12,960
Speaker 1: said the agency would be phased out. Here is former

40
00:02:13,000 --> 00:02:15,040
Speaker 1: FEMA administrator Dian Criswell.

41
00:02:15,160 --> 00:02:18,160
Speaker 4: But when you look at a situation like Texas and

42
00:02:18,240 --> 00:02:21,399
Speaker 4: you look at the type of complicated search and rescue

43
00:02:21,440 --> 00:02:24,079
Speaker 4: activities that have happened, or the amount of debris that's

44
00:02:24,120 --> 00:02:26,800
Speaker 4: going to need to be removed, what FEMA does and

45
00:02:26,800 --> 00:02:29,480
Speaker 4: what FEMA can do, and I think what often gets

46
00:02:29,560 --> 00:02:32,799
Speaker 4: lost is they coordinate the whole federal government. So if

47
00:02:32,840 --> 00:02:35,359
Speaker 4: you needed to bring in the Army Corps of Engineers

48
00:02:35,760 --> 00:02:38,520
Speaker 4: to help with debris removal, they coordinate that, and they

49
00:02:38,560 --> 00:02:40,400
Speaker 4: fund that through the Disaster Relief Fund.

50
00:02:40,480 --> 00:02:44,600
Speaker 1: That was former FEMA administrator Dian Criswell speaking on Bloomberg's

51
00:02:44,680 --> 00:02:47,919
Speaker 1: balance of power. Earlier today at the White House, President

52
00:02:47,960 --> 00:02:51,480
Speaker 1: Trump met with Israel's Prime Minister Benjamin Netnahu, and at

53
00:02:51,520 --> 00:02:54,880
Speaker 1: the top of the meeting a potential ceasefire in Gaza.

54
00:02:55,040 --> 00:02:58,040
Speaker 1: NETANYAHUO said, there is an opportunity to reach peace in

55
00:02:58,120 --> 00:03:00,320
Speaker 1: the Middle East. Here's Netnyah.

56
00:03:00,480 --> 00:03:02,720
Speaker 5: I think PaaS City should have all the powers to

57
00:03:02,800 --> 00:03:06,160
Speaker 5: govern themselves, but none of the powers to threaten us.

58
00:03:06,720 --> 00:03:10,720
Speaker 5: That means a certain powers like overall security will always

59
00:03:10,760 --> 00:03:11,959
Speaker 5: remain in our hands.

60
00:03:12,040 --> 00:03:16,120
Speaker 1: That was Israel's Prime Minister Benjamin Nettan Yahoo meantime, President

61
00:03:16,120 --> 00:03:18,920
Speaker 1: Trump seemed to be very bullish on the prospects for

62
00:03:18,960 --> 00:03:23,519
Speaker 1: a ceasefire between Israel and Tomas. Here is Bloomberg's Derek Waldbank.

63
00:03:23,720 --> 00:03:27,600
Speaker 3: He thought that they were close. He thought that, you know,

64
00:03:27,639 --> 00:03:29,840
Speaker 3: he's asked if there were what the major holdup was

65
00:03:29,880 --> 00:03:32,160
Speaker 3: going to be, and he was suggesting that there wasn't

66
00:03:32,200 --> 00:03:35,440
Speaker 3: necessarily a major hold up. But Trump has been bullish before,

67
00:03:35,760 --> 00:03:38,040
Speaker 3: so let's see how this actually comes.

68
00:03:38,080 --> 00:03:42,320
Speaker 1: That is Bloomberg's Derek Waldbank. Profit at Samsung Electronics fell

69
00:03:42,360 --> 00:03:45,360
Speaker 1: for the first time since twenty twenty three. We're talking

70
00:03:45,440 --> 00:03:48,720
Speaker 1: about a fifty six percent plunge in operating income for

71
00:03:48,800 --> 00:03:51,840
Speaker 1: the June quarter. Here is Bloomberg's Annabelle Droolers.

72
00:03:52,040 --> 00:03:54,480
Speaker 6: First week, we heard that the business or Samsung is

73
00:03:54,520 --> 00:03:57,240
Speaker 6: saying that the US rules on AI chips for China

74
00:03:57,600 --> 00:04:01,080
Speaker 6: has affected its earnings. So Bullie, Samsung is one of

75
00:04:01,080 --> 00:04:04,240
Speaker 6: the companies most affected by these US export restrictions on

76
00:04:04,280 --> 00:04:07,880
Speaker 6: advanced semiconductors to China. It has become quite reliant on

77
00:04:07,880 --> 00:04:09,680
Speaker 6: the Chinese market for chip revenue.

78
00:04:09,840 --> 00:04:13,000
Speaker 1: That is Bloomberg's Annabelle Droolers. And that is news when

79
00:04:13,000 --> 00:04:15,640
Speaker 1: you want it. With Bloomberg News. Now I'm Doug Prisner,

80
00:04:15,680 --> 00:04:16,640
Speaker 1: and this is Bloomberg