1 00:00:01,600 --> 00:00:04,440 Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Krisner. 2 00:00:05,080 --> 00:00:09,320 Speaker 1: US officials are investigating whether Chinese AI startup Deep Seek 3 00:00:09,640 --> 00:00:13,880 Speaker 1: circumvented US restrictions on advanced chips from Nvidia. Now the 4 00:00:13,920 --> 00:00:17,119 Speaker 1: Biden administration cut off China's access to a range of 5 00:00:17,239 --> 00:00:21,000 Speaker 1: Nvidia's most powerful chips, and now we're being told officials 6 00:00:21,040 --> 00:00:24,000 Speaker 1: are looking at whether they were acquired through third parties 7 00:00:24,040 --> 00:00:29,200 Speaker 1: in Singapore. Here's Bloomberg Senior Executive editor for Technology, Tom Giles. 8 00:00:29,440 --> 00:00:32,400 Speaker 2: This is a technology that deep Seek says is cheaper, 9 00:00:32,760 --> 00:00:37,239 Speaker 2: it was less expensive to develop, and now rivals like 10 00:00:37,440 --> 00:00:40,720 Speaker 2: Microsoft and open Ai, as well as US officials including 11 00:00:40,760 --> 00:00:44,000 Speaker 2: the FBI and the White House, the Treasury Department are 12 00:00:44,040 --> 00:00:46,680 Speaker 2: looking into where did they get this technology? 13 00:00:47,000 --> 00:00:49,960 Speaker 1: That is Bloomberg's Tom Giles. It was earlier this week 14 00:00:50,000 --> 00:00:53,400 Speaker 1: President Trump's pick to lead the Commerce Department, Howard Lutnick, 15 00:00:53,479 --> 00:00:58,440 Speaker 1: suggested Deep Seek evaded US export controls. Tonight, President Trump 16 00:00:58,520 --> 00:01:01,240 Speaker 1: issued a warning to bricks nations in a post on 17 00:01:01,280 --> 00:01:04,880 Speaker 1: truth Social Trump wrote, the US requires a commitment from 18 00:01:04,920 --> 00:01:08,160 Speaker 1: these bricks countries that they will not replace the dollar, 19 00:01:08,480 --> 00:01:12,319 Speaker 1: or they will face one hundred percent tariffs earlier, the 20 00:01:12,360 --> 00:01:14,960 Speaker 1: President vowed to follow through on his threat to impose 21 00:01:15,000 --> 00:01:18,960 Speaker 1: twenty five percent tariffs on imports from Canada and Mexico 22 00:01:19,120 --> 00:01:22,000 Speaker 1: as of this Saturday. Here is Trump for US. 23 00:01:21,920 --> 00:01:25,040 Speaker 3: To be subsidizing Canada to the tune of one hundred 24 00:01:25,040 --> 00:01:28,760 Speaker 3: and seventy five billion dollars a year and subsidizing Mexico 25 00:01:28,880 --> 00:01:31,399 Speaker 3: to the tune of two hundred and fifty billion three 26 00:01:31,480 --> 00:01:35,440 Speaker 3: hundred billion dollars a year. And Mexico is a method 27 00:01:35,440 --> 00:01:38,399 Speaker 3: of China sending in its product. And with China, I'm 28 00:01:38,440 --> 00:01:42,240 Speaker 3: also thinking about something because they're sending fentanyl into our 29 00:01:42,280 --> 00:01:45,039 Speaker 3: country and because of that, they're causing US hundreds of 30 00:01:45,040 --> 00:01:47,960 Speaker 3: thousands of deaths. So China is going to end up 31 00:01:47,960 --> 00:01:49,360 Speaker 3: paying a tariff also for that. 32 00:01:49,480 --> 00:01:49,680 Speaker 2: Now. 33 00:01:49,720 --> 00:01:52,240 Speaker 1: President Trump went on to say the tariff levels may 34 00:01:52,400 --> 00:01:56,120 Speaker 1: or may not rise with time. Both Canada and Mexico 35 00:01:56,360 --> 00:01:59,480 Speaker 1: have pledged to respond to any trade levees, including with 36 00:01:59,560 --> 00:02:04,040 Speaker 1: potential retaliatory tariffs. We go to South Korea next, where 37 00:02:04,160 --> 00:02:07,800 Speaker 1: Samsung's chip division posted a smaller than expected profit for 38 00:02:07,840 --> 00:02:11,040 Speaker 1: the latest quarter, and we got reaction from Bloomberg, Sam 39 00:02:11,120 --> 00:02:12,120 Speaker 1: Kim and Soul. 40 00:02:12,040 --> 00:02:14,360 Speaker 4: That kind of shows you that the hit to Samsung's 41 00:02:14,440 --> 00:02:19,080 Speaker 4: earnings is started to manifest after it lost its lead 42 00:02:19,320 --> 00:02:23,080 Speaker 4: to ske Heinix on the memory ship business. On the 43 00:02:23,440 --> 00:02:27,760 Speaker 4: HBM business HbA, I mean, it's basically a high broadband, 44 00:02:27,880 --> 00:02:32,120 Speaker 4: high bandwidth memory that is slot supplied to companies like Nvidia, 45 00:02:32,160 --> 00:02:35,840 Speaker 4: which is a very important growth engine for both Samsung 46 00:02:35,919 --> 00:02:37,400 Speaker 4: and s k Henigs. 47 00:02:37,160 --> 00:02:40,640 Speaker 1: That is Bloomberg Sam Kim Meantime, sources tell Bloomberg that 48 00:02:40,680 --> 00:02:44,240 Speaker 1: Samsung has been given approval to supply its high bandwidth 49 00:02:44,240 --> 00:02:48,720 Speaker 1: memory chips to Nvidia. After the bell, Apple posted sales 50 00:02:48,760 --> 00:02:52,000 Speaker 1: that were slightly better than analysts had estimated. Revenue for 51 00:02:52,040 --> 00:02:56,760 Speaker 1: the latest quarter topped analyst forecast. However, iPhone revenue was disappointing, 52 00:02:57,120 --> 00:03:01,280 Speaker 1: and revenue from Greater China unexpectedly fell eleven percent. We 53 00:03:01,360 --> 00:03:03,919 Speaker 1: got reaction from Bloomberg's Caroline Hyde. 54 00:03:04,240 --> 00:03:07,000 Speaker 5: Ultimately we've seen it's a big miss. They're growing in 55 00:03:07,040 --> 00:03:10,960 Speaker 5: every region outside of China, and even the America's Japan 56 00:03:11,080 --> 00:03:13,280 Speaker 5: was pretty good, but really China has been that real 57 00:03:13,320 --> 00:03:14,920 Speaker 5: weak point, and we have to perhaps see that the 58 00:03:14,960 --> 00:03:16,679 Speaker 5: company is just going to try and retrain us to 59 00:03:16,680 --> 00:03:19,360 Speaker 5: think about them as a services company, as an Apple 60 00:03:19,639 --> 00:03:23,359 Speaker 5: intelligence company and look with iPhones missing as well, mean 61 00:03:23,440 --> 00:03:25,120 Speaker 5: we have to start to think is this really always 62 00:03:25,120 --> 00:03:26,440 Speaker 5: going to be the Jugglenault we thought it was. 63 00:03:26,480 --> 00:03:29,880 Speaker 1: That is Bloomberg's Caroline Hide speaking there now. The company's 64 00:03:29,919 --> 00:03:33,880 Speaker 1: AI platform, known as Apple Intelligence, did not bolster sales 65 00:03:34,000 --> 00:03:37,360 Speaker 1: of the iPhone, But on the positive side, Apple's guidance 66 00:03:37,400 --> 00:03:40,080 Speaker 1: on revenue for the current quarter was upbeat, and right 67 00:03:40,120 --> 00:03:42,880 Speaker 1: now shares are hire by three percent in late US trading. 68 00:03:43,320 --> 00:03:46,440 Speaker 1: The cockpit voice recorder and the flight data recorder have 69 00:03:46,560 --> 00:03:50,080 Speaker 1: been recovered from that American Airlines jet involved in a 70 00:03:50,160 --> 00:03:54,680 Speaker 1: deadly collision late yesterday with a military helicopter near Reagan 71 00:03:54,760 --> 00:03:59,440 Speaker 1: National Airport. NTSB investigators are still on the ground. Board 72 00:03:59,440 --> 00:04:01,880 Speaker 1: member Tom Inman spoke earlier to reporters. 73 00:04:02,160 --> 00:04:04,840 Speaker 6: Our investigative team will be unseen as long as it 74 00:04:04,960 --> 00:04:08,200 Speaker 6: takes in order to obtain all the perishable evidence and 75 00:04:08,240 --> 00:04:10,880 Speaker 6: all the fact finding that is needed to bring us 76 00:04:10,920 --> 00:04:14,680 Speaker 6: to a conclusion of probable cause. Our mission is to 77 00:04:14,760 --> 00:04:18,440 Speaker 6: understand not just what happened, but why it happened, and 78 00:04:18,520 --> 00:04:21,359 Speaker 6: to recommend changes to prevent it from happening again. 79 00:04:21,640 --> 00:04:25,719 Speaker 1: That's NTSB's Tom Inman speaking there now. The collision occurred 80 00:04:25,720 --> 00:04:28,760 Speaker 1: when an Army black Hawk helicopter struck a Regional jet 81 00:04:28,760 --> 00:04:32,680 Speaker 1: aircraft during its approach to Reagan National late yesterday. The 82 00:04:32,720 --> 00:04:36,200 Speaker 1: flight was carrying sixty passengers and four crew members. The 83 00:04:36,279 --> 00:04:40,480 Speaker 1: helicopter had three servicemen on board, and there were no survivors. 84 00:04:41,160 --> 00:04:44,680 Speaker 1: At a morning White House briefing, President Trump blamed DEI 85 00:04:44,880 --> 00:04:48,520 Speaker 1: programs for the deadly air collision. He claimed those initiatives 86 00:04:48,600 --> 00:04:52,000 Speaker 1: led the FAA to lower its hiring standards in order 87 00:04:52,040 --> 00:04:55,279 Speaker 1: to meet diversity quotas. And that is news when you 88 00:04:55,320 --> 00:04:57,920 Speaker 1: want it to. With Bloomberg News now, I'm Doug Prisner, 89 00:04:57,960 --> 00:05:00,320 Speaker 1: and this is bloomberg S