1 00:00:01,000 --> 00:00:03,840 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:03,840 --> 00:00:07,440 Speaker 1: Brian Curtis in Hong Kong. Apple has officially launched the 3 00:00:07,520 --> 00:00:12,119 Speaker 1: latest iteration of its flagship product, the iPhone sixteen. Apple's 4 00:00:12,119 --> 00:00:15,440 Speaker 1: product launches always draw attention, but all eyes this time 5 00:00:15,440 --> 00:00:19,680 Speaker 1: were on the device's Apple Intelligence features. CEO Tim Cook 6 00:00:19,720 --> 00:00:22,080 Speaker 1: says the new device was built from the ground up 7 00:00:22,200 --> 00:00:23,520 Speaker 1: with AI in mind. 8 00:00:23,760 --> 00:00:28,120 Speaker 2: Its power and capability enable us to get so much done, 9 00:00:28,320 --> 00:00:31,880 Speaker 2: like connecting with our family and friends, staying productive on 10 00:00:31,920 --> 00:00:36,440 Speaker 2: the go, and capturing life special moments. Apple Intelligence will 11 00:00:36,520 --> 00:00:41,080 Speaker 2: supercharge these experiences and so many more. It puts powerful 12 00:00:41,120 --> 00:00:44,640 Speaker 2: generative models right at the core of your iPhone. 13 00:00:44,760 --> 00:00:48,400 Speaker 1: The iPhone sixteen and sixteen plus will feature new colorways, 14 00:00:48,640 --> 00:00:53,360 Speaker 1: better cameras, and a customizable action button. New Pro models 15 00:00:53,400 --> 00:00:56,720 Speaker 1: will run an A eighteen Pro processor with an upgraded 16 00:00:56,760 --> 00:00:59,800 Speaker 1: neural engine. It's part of the chip design to handle 17 00:01:00,040 --> 00:01:03,640 Speaker 1: AI tasks. Shares of Apple were little changed in late 18 00:01:03,680 --> 00:01:07,960 Speaker 1: trading after the bell. Oracle posted quarterly revenue above estimates. 19 00:01:08,200 --> 00:01:12,640 Speaker 1: Demand for artificial intelligence helped lift Oracle's cloud computing business. 20 00:01:13,160 --> 00:01:17,520 Speaker 1: Reaction from anerog Rana, senior technology analyst at Bloomberg intelligence. 21 00:01:17,800 --> 00:01:20,600 Speaker 1: He says the biggest news was word of Oracle's new 22 00:01:20,640 --> 00:01:22,920 Speaker 1: partnership with Amazon Web Services. 23 00:01:23,200 --> 00:01:24,839 Speaker 3: At the end of the day, if the client wants 24 00:01:24,840 --> 00:01:28,600 Speaker 3: to work with cloud providers, the technology company will have 25 00:01:28,640 --> 00:01:31,280 Speaker 3: to agree to that. Over the last twelve months, we 26 00:01:31,360 --> 00:01:34,840 Speaker 3: have seen them sign deals with Microsoft, Google and then 27 00:01:34,920 --> 00:01:38,520 Speaker 3: now AWS. So that's a good thing for Oracle's database business, 28 00:01:38,920 --> 00:01:40,920 Speaker 3: which is still largely on premise to this point. 29 00:01:41,240 --> 00:01:45,240 Speaker 1: Bloomberg's anrog Rana. Shares of Oracle traded up nearly nine 30 00:01:45,280 --> 00:01:48,800 Speaker 1: percent in late trading. Vice President Kamala Harris and former 31 00:01:48,840 --> 00:01:51,720 Speaker 1: President Donald Trump are getting ready for their high stakes debate. 32 00:01:52,080 --> 00:01:54,760 Speaker 1: Bloomberg's Amy Morris has a preview from Washington. 33 00:01:54,960 --> 00:01:58,800 Speaker 4: Vice President Harris's strategy, in part is reportedly to hold 34 00:01:58,840 --> 00:02:02,160 Speaker 4: former President Trump ACA countable while maintaining a calm demeanor 35 00:02:02,200 --> 00:02:05,880 Speaker 4: on stage. Harris's challenge is that she's not well defined 36 00:02:05,880 --> 00:02:08,400 Speaker 4: to a lot of potential voters. Donald Trump, on the 37 00:02:08,440 --> 00:02:11,080 Speaker 4: other hand, is quite well defined. People know him. His 38 00:02:11,160 --> 00:02:14,440 Speaker 4: strategy may be to change some perceptions and soften his 39 00:02:14,600 --> 00:02:17,079 Speaker 4: edge a bit. Bob McNally is a former White House 40 00:02:17,160 --> 00:02:20,119 Speaker 4: energy advisor to President George W. Bush, and he told 41 00:02:20,120 --> 00:02:22,280 Speaker 4: Bloomberg News what he'd be listening for. 42 00:02:22,560 --> 00:02:25,840 Speaker 2: I hope they get pressed on their respective plans for Iran, 43 00:02:25,880 --> 00:02:27,440 Speaker 2: because in terms of what's going to affect the pump 44 00:02:27,520 --> 00:02:29,680 Speaker 2: price for you, me and our neighbors, I think it has. 45 00:02:29,520 --> 00:02:32,600 Speaker 4: To do with Iran. Bob McNally talking with Bloomberg's Joe Matthew, 46 00:02:32,919 --> 00:02:35,720 Speaker 4: this debate is the biggest opportunity the candidates may have 47 00:02:35,880 --> 00:02:38,720 Speaker 4: to reset the conversation and their image now that the 48 00:02:38,760 --> 00:02:42,760 Speaker 4: conventions are over and officials anticipate a huge viewing audience 49 00:02:43,160 --> 00:02:46,080 Speaker 4: in Washington. Amy Moore as Bloomberg Radio and. 50 00:02:46,120 --> 00:02:48,920 Speaker 1: Keep an eye on Jackson Hole this weekend, not for 51 00:02:49,000 --> 00:02:54,000 Speaker 1: the FED, but for the campaign funds. Bloomberg Nathan Hager explains. 52 00:02:53,520 --> 00:02:57,400 Speaker 5: From Washington, Vice President Kamala Harris's campaign is set for 53 00:02:57,440 --> 00:03:00,680 Speaker 5: a big boost that at Jackson Hall fundraiser this Sunday, 54 00:03:00,800 --> 00:03:05,000 Speaker 5: co hosted by Walmart Heiress Christy Walton, the lunchtime reception 55 00:03:05,120 --> 00:03:08,440 Speaker 5: will also feature Michigan Governor Gretchen Whitmer and former Montana 56 00:03:08,480 --> 00:03:12,160 Speaker 5: Governor Steve Bullock. An invitation seen by Bloomberg shows tickets 57 00:03:12,280 --> 00:03:15,520 Speaker 5: range from twelve hundred fifty to one hundred thousand, dollars. 58 00:03:15,800 --> 00:03:18,480 Speaker 5: Christy Walton is one of the Democratic donors who urged 59 00:03:18,520 --> 00:03:20,720 Speaker 5: President Biden to drop out of the race after the 60 00:03:20,800 --> 00:03:23,480 Speaker 5: June debate. She ranks one hundred and thirty second on 61 00:03:23,560 --> 00:03:28,480 Speaker 5: the Bloomberg Billionaire's Index in Washington. I'm Nathan Hager Bloomberg Radio. 62 00:03:28,760 --> 00:03:31,040 Speaker 1: Well, one of the most business friendly members on the 63 00:03:31,080 --> 00:03:34,440 Speaker 1: Supreme Court, has had to recuse himself from dozens of 64 00:03:34,480 --> 00:03:38,240 Speaker 1: business related cases. The story from Bloomberg's Tracy Junkie. 65 00:03:38,680 --> 00:03:41,960 Speaker 6: Most of the current justices own mutual funds, which do 66 00:03:42,080 --> 00:03:45,760 Speaker 6: not create conflicts of interest in most instances, but not 67 00:03:46,040 --> 00:03:48,960 Speaker 6: Justice Samuel Alito. He or his wife owns stocks and 68 00:03:49,040 --> 00:03:52,600 Speaker 6: dozens of individual companies and because of that, advocacy group 69 00:03:52,680 --> 00:03:56,200 Speaker 6: Fixed the Court says Alito has recused himself in sixty 70 00:03:56,200 --> 00:03:59,960 Speaker 6: four cases since twenty twenty one. There will be more recusals. 71 00:04:00,040 --> 00:04:03,480 Speaker 6: Fix the Court says Alito has major holdings in consumer products, 72 00:04:03,560 --> 00:04:07,600 Speaker 6: oil and gas, aviation, beverages, and chemicals, all industries with 73 00:04:07,720 --> 00:04:11,560 Speaker 6: several lawsuits working their way through the lower courts. In Washington. 74 00:04:11,640 --> 00:04:13,640 Speaker 6: Tracy Johnkie Bloomberg Radio. 75 00:04:13,960 --> 00:04:17,039 Speaker 1: Actor James Earl Jones has died at the age of 76 00:04:17,120 --> 00:04:20,280 Speaker 1: ninety three. He was best known for being the voice 77 00:04:20,320 --> 00:04:23,279 Speaker 1: of Star Wars villain Darth Vader Wanning. 78 00:04:23,480 --> 00:04:26,680 Speaker 6: He never told you what happened with your father, No, 79 00:04:28,240 --> 00:04:29,080 Speaker 6: I do. 80 00:04:29,279 --> 00:04:29,880 Speaker 4: Your father. 81 00:04:31,440 --> 00:04:34,120 Speaker 1: Jones is among a group of select entertainers to win 82 00:04:34,160 --> 00:04:38,599 Speaker 1: an Emmy, Grammy, Oscar and Tony. That's news when you 83 00:04:38,640 --> 00:04:41,920 Speaker 1: want it with Bloomberg News Now. I'm Brian Curtis. This 84 00:04:42,200 --> 00:04:42,839 Speaker 1: is Bloomberg