WEBVTT - Nvidia Customers Get Price Hikes, Carney: Counter-Tariffs Sept 8th, More

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<v Speaker 1>News when you want it with Bloomberg News Now I'm

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<v Speaker 1>in kleggy. Some of Nvidia's biggest customers have been told

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<v Speaker 1>that the prices of servers containing its artificial intelligence chips

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<v Speaker 1>are going up more than fifteen percent in many cases,

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<v Speaker 1>with memory chip costs soaring. The price hikes will go

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<v Speaker 1>into effect on system shipped early next year and will

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<v Speaker 1>impact systems, including those with the flagship via Reuben and

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<v Speaker 1>Grace Blackwell chips. This according to people familiar with the

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<v Speaker 1>process who asked not to be identified commenting on communications

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<v Speaker 1>that have not yet been made public. They say the

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<v Speaker 1>increases will depend on the generation of Invidio chips and

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<v Speaker 1>the memory configurations. Canadian Prime Minister Mark Carney says retaliatory

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<v Speaker 1>tariffs on US goods will take effect September eighth, after

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<v Speaker 1>Canada got hit with fifty percent tariffs on billions of

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<v Speaker 1>dollars of goods, Carney called it a bad deal.

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<v Speaker 2>For over a year, Canada has worked intensively and in

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<v Speaker 2>good faith with the United States to negotiate a new

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<v Speaker 2>comprehensive trade deal. We've been pragmatic, patient and persistent. We

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<v Speaker 2>pursued every opportunity to reach an agreement that protects Canadian

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<v Speaker 2>workers and their families, that strengthens our economy, and that

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<v Speaker 2>respects Canadian sovereignty.

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<v Speaker 1>Trump administration officials have promised to present President Trump with

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<v Speaker 1>options to escalate. We're learning more about what broke down

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<v Speaker 1>trade talks between the US and Canada, Bloomberg's Monika Rix reports.

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<v Speaker 3>Sources tell Bloomberg talks collapse Friday night in part from

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<v Speaker 3>a last minute standoff over cutting US tariffs on Canadian

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<v Speaker 3>medium and heavy duty vehicles, ranging from pickup trucks to

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<v Speaker 3>commercial vehicles. Both countries had an outline of a deal

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<v Speaker 3>which would have lowered tariffs from twenty five to fifteen

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<v Speaker 3>percent on steel, aluminum, and lumber, as well as regular

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<v Speaker 3>auto tariffs, but Canada wanted that relief to expand to

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<v Speaker 3>bigger vehicles. Ford's new plant in Ontario makes FAE three

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<v Speaker 3>fifties and larger pickup trucks that are now subject to

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<v Speaker 3>even higher duties. Monica Ricks, Bloomberg Radio.

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<v Speaker 1>Jonathan Levin is a columnist for Bloomberg Opinion and focuses

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<v Speaker 1>on US markets and economics. He says President Trump's tariff

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<v Speaker 1>tie rate is not temporary. American consumers could be dealing

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<v Speaker 1>with the repercussions for years.

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<v Speaker 4>There's a sense that tariff passed through is over. It's

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<v Speaker 4>no longer an inflation story. But I think if you

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<v Speaker 4>look deep into the consumer basket in the United States,

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<v Speaker 4>you see that we're still living with many of the

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<v Speaker 4>ramifications of the decisions that were made in twenty twenty five.

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<v Speaker 1>Jonathan Levin on Bloomberg This weekend, a scrap with Canada,

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<v Speaker 1>one of the top sources of US imports, threatens to

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<v Speaker 1>fuel voters' concerns with high prices and could cloud the

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<v Speaker 1>path with the Federal Reserve to bring down borrowing costs.

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<v Speaker 1>President Trump made more than one thousand security strains in June,

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<v Speaker 1>including significant purchases of Berkshire, Hathaway, Visa, MasterCard and sentas.

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<v Speaker 1>This is according to a financial disclosure published Saturday. The

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<v Speaker 1>transactions totaled between seventy eight point one million and two

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<v Speaker 1>hundred and sixty three point one million dollars. In the

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<v Speaker 1>filing published by the US Office of Government Ethics, which

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<v Speaker 1>shows a range for each transaction rather than exact numbers,

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<v Speaker 1>The largest transaction was a June twenty second salem between

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<v Speaker 1>five million and twenty five million dollars of shares in

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<v Speaker 1>a Vanguard exchange traded fund. Trump made more than twenty

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<v Speaker 1>one thousand securities trades in twenty twenty five, often in

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<v Speaker 1>bursts tied to market events he created. The total value

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<v Speaker 1>of the trades he made in twenty twenty five was

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<v Speaker 1>between six hundred million and one point eighty six billion,

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<v Speaker 1>occasionally showing buying and selling of the same security on

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<v Speaker 1>the same day. Today's Trade news with Canada caps a

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<v Speaker 1>chaotic week for the US economy, including Treasury Secretary Scott

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<v Speaker 1>Besson's plan to more than double bond buybacks to help

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<v Speaker 1>reduce long term borrowing costs. Barry Rithols', host of the

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<v Speaker 1>Bloomberg Master's in Business podcasts.

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<v Speaker 5>All of the mayhem around tarifs on tariffsaw off, what

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<v Speaker 5>country can sends stuff without taffts? What can has very

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<v Speaker 5>much interfered with the normal flow of goods, and so

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<v Speaker 5>that's making inflation all the more stickier. To say nothing

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<v Speaker 5>about energy prices in the war, So the question becomes

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<v Speaker 5>what can the government? What can the Central bank do

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<v Speaker 5>about it?

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<v Speaker 1>Barry Ridholts on Bloomberg this weekend, yields have been rising

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<v Speaker 1>over concerns about the national debt inflation and a flood

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<v Speaker 1>of debt from tech companies investing heavily in AI. The

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<v Speaker 1>New York Times reports the federal judge Fronie struck down

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<v Speaker 1>the Trump administration's ban on issuing visas to immigrants from

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<v Speaker 1>seventy five countries, finding that the policy was contrary to

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<v Speaker 1>law and beyond the legal authority of Secretary of State

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<v Speaker 1>Mark Rubio. In a sixty one page ruling, Judge Jeannett A.

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<v Speaker 1>Vargas of the Federal District Court for the Southern District

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<v Speaker 1>of New York disputed the administration's public rationale for the policy,

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<v Speaker 1>builled as a pause that immigrants from the targeted countries

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<v Speaker 1>were likely to draw public benefits and become a financial

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<v Speaker 1>burden to Americans. That's news when you want it with

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<v Speaker 1>Bloomberg News. Now I'm in Kleggi. This is Bloomsberg