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Speaker 1: News when you want it. With Bloomberg News Now, I'm

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Speaker 1: Doug Krisner, and we begin with the unrest in Los Angeles.

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Speaker 1: President Trump has authorized the deployment of an additional two

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Speaker 1: thousand National Guard troops to the city on the fourth

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Speaker 1: day of protests there. This comes just hours after the

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Speaker 1: Pentagon activated seven hundred Marines to support the National Guard. Meantime,

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Speaker 1: California is suing the Trump administration for mobilizing National Guard

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Speaker 1: troops in LA. John Gittelson is Bloomberg's Los Angeles Bureau Chief.

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Speaker 2: Courts move a lot more slowly than you can send

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Speaker 2: troops in and out of the city. I don't really

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Speaker 2: know what you know, if a judge could order the

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Speaker 2: de federalization of the National Guard, if the Marines replace

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Speaker 2: the National Guard, I don't even know what mechanism is there, frankly,

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Speaker 2: because I'm not a lawyer to say you can't send

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Speaker 2: in the Marines. It's just like an unprecedented escalation.

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Speaker 1: That is Bloomberg's John gittleson.

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Speaker 2: Now.

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Speaker 1: Under US law, active duty military are typically barred from

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Speaker 1: law enforcement roles. However, the restrictions do not apply to

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Speaker 1: the National Guard. Meantime, California Governor Gavin Newsom blasted this

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Speaker 1: move on x. He wrote, the troops should not be

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Speaker 1: deployed to quote fulfill the deranged fantasy of a dictatorial president.

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Speaker 1: US China trade talks will continue for a second day

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Speaker 1: in London. Both sides are looking to ease tensions over

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Speaker 1: rare earth supplies and tech exports. Monday six hour meeting

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Speaker 1: at Lancaster House ended with US officials calling the discussions fruitful.

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Speaker 1: Here is Bloomberg Stephen Engel in Hong Kong.

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Speaker 3: Hollifung, who's leading the Chinese delegation, walked right past the

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Speaker 3: gaggle of reporters in London, did not say anything. The

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Speaker 3: US side said only a few words like Howard Lednox

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Speaker 3: said they were fruitful. Scott Besent said good talks. Hollyfunk

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Speaker 3: said absolutely nothing.

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Speaker 1: That is Bloomberg. Steven Engel reporting in Hong Kong. Now,

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Speaker 1: the US signaled a willingness to remove restrictions on some

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Speaker 1: tech exports in exchange for assurances that China will ease

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Speaker 1: limits on rare earth shipments. TESLA is facing renewed Wall

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Speaker 1: Street skepticism after the fallout between Elon Musk and President Trump. Today,

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Speaker 1: both Argus Research and bare downgrade to the stock to hold.

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Speaker 1: Analyst warning that political tensions and expiring EV credits will

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Speaker 1: hurt demand. Here is Bloomberg's Alex Simonova.

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Speaker 4: Investors have been worried about the reputational damage that this

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Speaker 4: political fallout has done for the company, and they were

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Speaker 4: also worried about the fact that it might not deliver

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Speaker 4: on its Robotaxi promises. Obviously, this is coming at a

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Speaker 4: very difficult time for Tesla. Shares are down about twenty

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Speaker 4: seven percent in twenty twenty five, making it the weakest

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Speaker 4: performer of the so called Magnificent seven stocks, that.

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Speaker 1: Is Bloomberg's Alex Simonova reporting Now, the downgrades did not

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Speaker 1: seem to deter investors. Tesla's shares were up four and

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Speaker 1: a half percent in the regular SIAK session. Apple has

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Speaker 1: unveiled a new operating system interface called liquid Glass. It

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Speaker 1: was the main event at the company's Worldwide Developers Conference

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Speaker 1: for the first time. The same interface will work across

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Speaker 1: Apple products. The company described it as its broadest design

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Speaker 1: update ever. Bloomberg's Ed Ludlow is in Coupertino.

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Speaker 5: A lot of liquid glasses. Its viration comes from the

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Speaker 5: work that app We're done with Vision Pro. You know,

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Speaker 5: literally the ui ux of that experience using Vision Pro,

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Speaker 5: the translucency of it. And so by making it uniform,

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Speaker 5: you know, having the same look across iPhone, mac iPadOS

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Speaker 5: and Vision Pro and Watch, you know, it just makes

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Speaker 5: you more familiar, and I guess open to using the

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Speaker 5: full hardware suite of products.

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Speaker 1: That is Bloomberg's Ed Ludlow reporting. Apple also confirmed plans

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Speaker 1: to open up its aimodels to outside developers. The move

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Speaker 1: will allow app creators to weave Apple's technology into their software. However,

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Speaker 1: many analysts see Apple's lack of progress AI as an

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Speaker 1: existential risk. Today's shares of Apple we're down one point

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Speaker 1: two percent in the regular session. Warner Brothers Discovery is

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Speaker 1: breaking up. The company's fast growing streaming business will be

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Speaker 1: separated from its struggling legacy media channels. Here is Bloomberg's

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Speaker 1: Chris Paul Mary.

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Speaker 6: The idea that was, we're going to combine all these

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Speaker 6: discovery channels, the HDTV channels, with the turner channels CNN, TBS,

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Speaker 6: and we're going to have this wonderful cable like offering

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Speaker 6: on streaming through HBO Max. And that was the thinking then,

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Speaker 6: what we've learned since is that the cable channels are

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Speaker 6: sinking much faster than anybody anticipated, as everyone cancels cable.

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Speaker 1: That is Bloomberg's Chris Paul Mary in Los Angeles. The

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Speaker 1: Global Networks unit will carry most of Warner Brothers Discoveries

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Speaker 1: thirty five billion dollars in debt, and it will hold

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Speaker 1: a minority stake in the streaming business. Executives are saying

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Speaker 1: the split expected by mid twenty twenty six, will unlock

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Speaker 1: value and allow each arm to pursue de yiels independently.

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Speaker 1: Shares in Warner Brothers Discovery were down three percent in

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Speaker 1: the Monday session. And that is news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Doug Prisner, and this

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Speaker 1: is Bloomberg