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Speaker 1: News when you wanted with Bloomberg News Now I'm Doug Chrisner.

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Speaker 1: Treasury Secretary Scott Besson discussed interest rates today. He told

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Speaker 1: Fox Business the Trump administration is focused on the tenure

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Speaker 1: treasury yield instead of the Fed's benchmark interest rate. And

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Speaker 1: he said the President is not calling for the FED

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Speaker 1: to lower interest rates right now, here's besant.

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Speaker 2: So the purpose of lowering interest rates is the lower

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Speaker 2: interest rates the Federal Reserve. That and I will only

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Speaker 2: talk about what they've done, not what I think they

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Speaker 2: should do from now on. They did a jumbo rate

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Speaker 2: cut and the tenure rate went up. Now I've seen

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Speaker 2: this year, despite the growth estimates going up, tenures coming

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Speaker 2: down because I believe the bond market is recognizing energy

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Speaker 2: prices will be lower.

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Speaker 1: That was Treasury Secretary Scott Besson speaking earlier to Fox Business.

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Speaker 1: He went on to repeat his view on energy, saying

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Speaker 1: that expanding supply will bring down inflation. He also said

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Speaker 1: he supports making the twenty seventeen Tax Cuts and Jobs

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Speaker 1: Act permanent. Those cuts are set to expire at the

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Speaker 1: end of the year. We heard from the British chip

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Speaker 1: designer arm Holdings after the Bell and the company gave

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Speaker 1: a tip at forecast for revenue in the current quarter.

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Speaker 1: This is only fueling concern over a slowdown in spending

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Speaker 1: on artificial intelligence computing, especially in light of last week's

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Speaker 1: breakthrough on the computer efficiency from the Chinese AI startup

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Speaker 1: Deep Seek. Here is Tom Giles, Bloomberg, Senior executive editor

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Speaker 1: for Global Tech.

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Speaker 3: There's a lot of questions about how much people are

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Speaker 3: going to need to spend on AI related infrastructure, particularly chips,

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Speaker 3: particularly chips designed by ARM. If deep Seek is as

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Speaker 3: efficient as they say they are, if they can do

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Speaker 3: as much as they say they can at a fraction

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Speaker 3: of the price, do the metas and Microsofts and open

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Speaker 3: aiyes of the world need to spend as much as

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Speaker 3: they are projecting?

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Speaker 1: That is Bloomberg's Tom Giles. Shares in ARM were down

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Speaker 1: four percent in late New York trading. Separately, Arms majority

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Speaker 1: owner that would be soft Bank. That company is in

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Speaker 1: advanced talks to acquire the chip designer and Peer Computing.

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Speaker 1: We are told a deal could be valued at around

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Speaker 1: six and a half billion dollars that would include debt.

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Speaker 1: We also heard after the bell from Qualcomm, and the

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Speaker 1: company gave a sales forecast for the current quarter above estimates.

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Speaker 1: The upbeat outlook indicates demand for those high end handsets

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Speaker 1: remained strong, even so Qualcom shares were down more than

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Speaker 1: four percent. In late New York trading, we heard from

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Speaker 1: Ford Motor. The company is saying that profit may fall

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Speaker 1: by two billion dollars or more this year. Ford is

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Speaker 1: expecting vehicle prices to fall two percent industry wide. The

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Speaker 1: company is also expecting to incur cost tie to the

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Speaker 1: launch of the new Lincoln Navigator and Ford Expedition SUV,

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Speaker 1: and they will result in a break even first quarter.

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Speaker 1: And on top of that, Ford is facing questions over

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Speaker 1: the market for evs. Here's Ford CEO Jim Farley.

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Speaker 4: There are optionality that we can make. And look, we've

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Speaker 4: localized a lot of battery plants and EV production in

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Speaker 4: Tennessee and Kentucky because the production tax credit is there.

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Speaker 4: So we're really asking administration please preserve the production tax credit.

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Speaker 4: Let's have a reasons tearff approach, and most of all,

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Speaker 4: let's have reasonable co two targets that are in line

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Speaker 4: with what customers are actually buying.

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Speaker 1: That is Ford CEO Jim Farley speaking to Bloomberg earlier.

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Speaker 1: Right now, shares in Fororder, down about five percent in

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Speaker 1: late US trading. We go to Washington next. President Trump

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Speaker 1: signed and executive action banning transgender women from participating in

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Speaker 1: female sports, and this measure will allow the Department of

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Speaker 1: Education to investigate schools and possibly withhold their federal funding.

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Speaker 1: Here's Trump speaking earlier at the White House.

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Speaker 5: With my action this afternoon, we're putting every school receiving

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Speaker 5: taxpayer dollars or notice that if you let men take

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Speaker 5: over women's sports teams or invade your locker rooms, you

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Speaker 5: will be investigated for violations of Title nine and risk

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Speaker 5: your federal funding. There will be no federal harba.

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Speaker 1: That is President Trump speaking there now. Critics of the

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Speaker 1: policy have said it unfairly targets transgender students who want

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Speaker 1: to participate in normal high school activities. Tomorrow, after the bell,

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Speaker 1: we'll get earnings from Amazon, and we have a preview

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Speaker 1: from Bloomberg's Tom Busby.

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Speaker 6: Forecast call for a ten percent revenue serge last quarter,

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Speaker 6: fuel by strong holiday sales on its Signature online shopping site,

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Speaker 6: strong advertising businesses, and growth in its AWS cloud computing unit.

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Speaker 6: Now Rivals Alphabet and Microsoft both reported slowing growth in

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Speaker 6: their respective cloud operations, so results in AWS will be

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Speaker 6: key for investors. Bloomberg consensus calls for total revenue of

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Speaker 6: one hundred and eighty seven point three two billion dollars

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Speaker 6: earnings per share of a dollar fifty. Tom Busby Bloomberg.

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Speaker 1: Radio partners at the consulting giant McKenzie have been questioning

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Speaker 1: the firm presence in China. We're told their worried that

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Speaker 1: doing business there may not be worth the risk given

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Speaker 1: China's increasingly volatile relationship with the US. And that is

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Speaker 1: news when you wanted with Bloomberg News. Now, I'm Doug

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Speaker 1: Krisner and this is Bloomberg