1
00:00:01,000 --> 00:00:05,000
Speaker 1: News when you wanted with Bloomberg News Now, I'm Ad Kleggi.

2
00:00:05,600 --> 00:00:10,119
Speaker 1: US Treasury Secretary Jenet Yellen acknowledged sharp moves in the

3
00:00:10,240 --> 00:00:13,080
Speaker 1: value of the yen this week, even as she declined

4
00:00:13,119 --> 00:00:16,120
Speaker 1: to say whether Japan had intervened to support the currency.

5
00:00:16,600 --> 00:00:19,040
Speaker 1: I'm not going to comment on whether they did or

6
00:00:19,160 --> 00:00:24,040
Speaker 1: didn't intervene, Yellen told reporters Saturday, following a speech in Mesa, Arizona.

7
00:00:24,440 --> 00:00:27,160
Speaker 1: I think that's a rumor still, she said. The yen

8
00:00:27,320 --> 00:00:30,320
Speaker 1: did move quite a bit in a relatively short period

9
00:00:30,320 --> 00:00:33,920
Speaker 1: of time, adding we would expect these interventions to be

10
00:00:34,080 --> 00:00:38,479
Speaker 1: rare and consultation to take place. Japanese authorities appeared to

11
00:00:38,640 --> 00:00:41,280
Speaker 1: enter the market to support the yen on two occasions

12
00:00:41,280 --> 00:00:44,199
Speaker 1: of the past week. One came after the en weekend

13
00:00:44,240 --> 00:00:46,920
Speaker 1: beyond one sixty to the dollar for the first time

14
00:00:46,920 --> 00:00:50,200
Speaker 1: in thirty four years, followed by another after a Federal

15
00:00:50,240 --> 00:00:53,760
Speaker 1: Reserve cheer. Jerome Powell said a hike was unlikely to

16
00:00:53,840 --> 00:00:58,120
Speaker 1: be the US Central Bank's next interest rate move. Berkshire

17
00:00:58,120 --> 00:01:01,880
Speaker 1: Hathaway is reporting a major jumpin up operating earnings. Billionaire

18
00:01:01,920 --> 00:01:05,440
Speaker 1: Warren Buffett's company had outsized strength and insurance thanks to

19
00:01:05,520 --> 00:01:09,520
Speaker 1: Geico and insurance underwriting as well as insurance underwriting income.

20
00:01:09,560 --> 00:01:11,480
Speaker 1: According to Bloomberg Sally bake.

21
00:01:11,360 --> 00:01:17,640
Speaker 2: Well, so that also was additive. Insurance investment income ticked up,

22
00:01:17,959 --> 00:01:21,840
Speaker 2: and actually it was about the same amount as the

23
00:01:22,200 --> 00:01:27,040
Speaker 2: insurance underwriting businesses posted two point six billion. Each one

24
00:01:27,120 --> 00:01:30,280
Speaker 2: posted that respectively, and each was an increase. I think

25
00:01:30,319 --> 00:01:34,720
Speaker 2: that's an indication of the higher interest rate environment that

26
00:01:34,800 --> 00:01:38,800
Speaker 2: has enabled Warren Buffett to generate a lot of interest income,

27
00:01:39,120 --> 00:01:42,360
Speaker 2: including on his giant cash pile, which also hit a

28
00:01:42,360 --> 00:01:44,319
Speaker 2: record one hundred and eighty nine billionaires.

29
00:01:44,480 --> 00:01:49,440
Speaker 1: Bloomberg Sally Bakewell reporting Chinese President Shi Jinping is kicking

30
00:01:49,440 --> 00:01:51,960
Speaker 1: off his first trip to the European Union since twenty

31
00:01:52,080 --> 00:01:55,760
Speaker 1: nineteen this weekend. He'll have a prominent visitor soon after

32
00:01:55,800 --> 00:01:59,440
Speaker 1: he returns to Beijing. Bloomberg's Nathan Hager reports.

33
00:01:59,080 --> 00:02:03,400
Speaker 3: President she will meet with Russian President Vladimir Putin next week.

34
00:02:03,560 --> 00:02:06,240
Speaker 3: Bloomberg News has learned the Russian leader plans to visit

35
00:02:06,360 --> 00:02:09,360
Speaker 3: China May fifteenth and sixteenth, a little more than a

36
00:02:09,360 --> 00:02:13,240
Speaker 3: week after his inauguration for a fifth term this coming Tuesday.

37
00:02:13,560 --> 00:02:16,600
Speaker 3: Putin's last trip to China was back in October, a

38
00:02:16,720 --> 00:02:19,800
Speaker 3: rare trip abroad as he is under an international criminal

39
00:02:19,840 --> 00:02:23,639
Speaker 3: court arrest warrant tied to the war in Ukraine. In Washington,

40
00:02:23,760 --> 00:02:25,560
Speaker 3: I'm Nathan Hager, Bloomberg Radio.

41
00:02:25,680 --> 00:02:28,760
Speaker 1: And there's a new reason to keep all of your appointments.

42
00:02:28,800 --> 00:02:31,519
Speaker 1: Bloomberg's Nancy Lions explains.

43
00:02:31,320 --> 00:02:35,600
Speaker 4: Once the domain of doctors' offices and upscale restaurants fees

44
00:02:35,720 --> 00:02:38,680
Speaker 4: for blowing off an appointment or spreading the Wall Street

45
00:02:38,720 --> 00:02:41,720
Speaker 4: Journal reports those fees are now being used by salons,

46
00:02:41,800 --> 00:02:46,760
Speaker 4: personal trainers, and beyond. New technologies also helping those businesses

47
00:02:46,919 --> 00:02:51,080
Speaker 4: track no shows. Square allows businesses to charge up to

48
00:02:51,160 --> 00:02:55,560
Speaker 4: five hundred dollars for cancelations. I'm Nancy Lyons, Bloomberg Radio.

49
00:02:55,720 --> 00:02:58,000
Speaker 1: Nish you blow off your barber, Wh'll put a lean

50
00:02:58,080 --> 00:03:01,120
Speaker 1: on your house. And in the one hundred fiftieth running

51
00:03:01,160 --> 00:03:04,560
Speaker 1: of the Roses the Kentucky Derby at Churchill Downs on Saturday,

52
00:03:04,639 --> 00:03:07,720
Speaker 1: Mystic Dan nosed out Sierra Leone and a photo finish.

53
00:03:08,240 --> 00:03:10,600
Speaker 1: It was the first time in twenty eight years that

54
00:03:10,680 --> 00:03:13,720
Speaker 1: the winner won by a nose. And that's news when

55
00:03:13,760 --> 00:03:17,120
Speaker 1: you wanted with Bloomberg News. Now I made Klegg and

56
00:03:17,280 --> 00:03:19,119
Speaker 1: this is Bloomberg,