1 00:00:01,160 --> 00:00:03,920 Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisner, 2 00:00:03,960 --> 00:00:06,560 Speaker 1: and we begin with a government shutdown in the US. 3 00:00:06,760 --> 00:00:09,320 Speaker 1: This afternoon, President Trump seemed to open the door to 4 00:00:09,400 --> 00:00:13,240 Speaker 1: resolving the stalemate. Trump said he would negotiate with Democrats 5 00:00:13,280 --> 00:00:14,760 Speaker 1: over healthcare subsidies. 6 00:00:15,360 --> 00:00:17,600 Speaker 2: And we're talking to him. I mean, I'm not saying 7 00:00:17,640 --> 00:00:19,759 Speaker 2: that's going to happen, because this has also been going on, 8 00:00:19,880 --> 00:00:22,599 Speaker 2: not for three thousand years, but it's been going on 9 00:00:22,680 --> 00:00:24,280 Speaker 2: for a long time. But yeah, we'll talk. 10 00:00:24,320 --> 00:00:27,200 Speaker 3: You do the demopet to make a deal with them on. 11 00:00:27,120 --> 00:00:29,480 Speaker 2: I'd like to see a deal made for great healthcare. Yes, 12 00:00:29,760 --> 00:00:31,960 Speaker 2: I want to see great health I'm a Republican, but 13 00:00:32,000 --> 00:00:34,639 Speaker 2: I want to see healthcare much more so than the Democrat. 14 00:00:34,800 --> 00:00:37,040 Speaker 1: At the same time, though Trump said at some point 15 00:00:37,080 --> 00:00:40,479 Speaker 1: the shutdown will trigger layoffs of federal workers if it 16 00:00:40,600 --> 00:00:44,640 Speaker 1: continues much longer. Meantime, tonight, the US Senate for the 17 00:00:44,720 --> 00:00:48,120 Speaker 1: fifth time rejected a House passed stopgap bill to keep 18 00:00:48,120 --> 00:00:52,720 Speaker 1: the government open through November twenty First Advanced micro Devices 19 00:00:52,720 --> 00:00:56,600 Speaker 1: has sealed a blockbuster deal with open AI. AMD will 20 00:00:56,600 --> 00:01:00,920 Speaker 1: provide graphics processing units to open AI over more multiple years. 21 00:01:01,200 --> 00:01:05,680 Speaker 1: The processing power will equal six gigawatts. This deal also 22 00:01:05,760 --> 00:01:08,720 Speaker 1: sets the stage for open ai to acquire a large 23 00:01:08,760 --> 00:01:12,920 Speaker 1: stake in AMD. Here's a m D CEO, Lisa Sue. 24 00:01:13,120 --> 00:01:15,480 Speaker 3: This is a huge milestone for AMD. You know, we 25 00:01:15,560 --> 00:01:18,759 Speaker 3: are so thrilled with the partnership with the open ai team. 26 00:01:18,840 --> 00:01:20,840 Speaker 3: And it's also you know, a huge moment for the 27 00:01:20,840 --> 00:01:23,120 Speaker 3: AI industry because you know, when you get to the 28 00:01:23,200 --> 00:01:26,080 Speaker 3: rite down to it, you need more AI compute. I mean, 29 00:01:26,080 --> 00:01:28,480 Speaker 3: that's where we are today. Compute is a foundation for 30 00:01:28,520 --> 00:01:30,960 Speaker 3: all of the intelligence we can get from AI. And 31 00:01:31,160 --> 00:01:33,600 Speaker 3: you know we are a compute provider. We have spent 32 00:01:33,800 --> 00:01:37,400 Speaker 3: years on our roadmap. We've spent years working with open Ai. 33 00:01:37,640 --> 00:01:41,360 Speaker 1: Lisa Sue there, she is the CEO of Advanced micro Devices. 34 00:01:41,400 --> 00:01:44,480 Speaker 1: Speaking to Bloomberg. By the way, shares an amd rallied 35 00:01:44,520 --> 00:01:48,520 Speaker 1: nearly twenty four percent today. Separately, open ai announced that 36 00:01:48,640 --> 00:01:52,640 Speaker 1: chat GPT users can connect to third party apps with 37 00:01:52,760 --> 00:01:56,280 Speaker 1: the chatbot to carry out task. Here is Brad Lightcap, 38 00:01:56,360 --> 00:01:57,920 Speaker 1: the COO of open Ai. 39 00:01:58,640 --> 00:02:01,480 Speaker 4: Well, we've always thought of chat is like a super assistant. 40 00:02:02,040 --> 00:02:03,960 Speaker 4: We never set out to build a chatbot. We always 41 00:02:04,000 --> 00:02:07,000 Speaker 4: wanted to build something that was really true to you 42 00:02:07,120 --> 00:02:09,640 Speaker 4: and what your preferences are, what your goals are, they 43 00:02:09,680 --> 00:02:12,040 Speaker 4: can actually help you achieve more. And so I think 44 00:02:12,080 --> 00:02:15,880 Speaker 4: part of that is CHATGBD having an appreciation and understanding 45 00:02:16,280 --> 00:02:17,679 Speaker 4: of the applications. 46 00:02:17,080 --> 00:02:19,440 Speaker 1: In your life that are important. Brad Lightcap there, he 47 00:02:19,600 --> 00:02:23,400 Speaker 1: is the COO of Open AI. Speaking to Bloomberg, A 48 00:02:23,520 --> 00:02:26,160 Speaker 1: rally and chip makers sent much of the equity market 49 00:02:26,160 --> 00:02:29,040 Speaker 1: to all time highs. Today we have more from Bloomberg's 50 00:02:29,080 --> 00:02:29,880 Speaker 1: Charlie Pellett. 51 00:02:30,000 --> 00:02:33,600 Speaker 5: It's an equity market being driven higher by enthusiasm about 52 00:02:33,760 --> 00:02:38,840 Speaker 5: artificial intelligence stocks, and that is causing concern for David Bonsen, 53 00:02:39,160 --> 00:02:41,960 Speaker 5: the chief investment officer at the Bonson Group. 54 00:02:42,080 --> 00:02:46,080 Speaker 6: The doesn't repeat, but does rhyme cliche kind of make sense. 55 00:02:46,120 --> 00:02:47,760 Speaker 6: I don't think you're going to see anything play out 56 00:02:47,800 --> 00:02:51,800 Speaker 6: identically to pass moments of toppiness and frothiness. But that 57 00:02:51,960 --> 00:02:55,440 Speaker 6: is different than saying that this isn't toppiness and frothiness, 58 00:02:55,480 --> 00:02:56,600 Speaker 6: because it most certainly is. 59 00:02:56,720 --> 00:02:58,959 Speaker 5: The S and P five hundred index climb for a 60 00:02:59,120 --> 00:03:02,800 Speaker 5: seventh straight s session, the longest advanced since May in 61 00:03:02,919 --> 00:03:05,280 Speaker 5: New York, Charlie Bloomberg Radio. 62 00:03:05,520 --> 00:03:08,520 Speaker 1: A federal judge has declined to block the deployment of 63 00:03:08,600 --> 00:03:12,240 Speaker 1: National Guard troops to Illinois. Now, this ruling comes after 64 00:03:12,360 --> 00:03:15,560 Speaker 1: Illinois and the City of Chicago sued the Trump administration 65 00:03:15,720 --> 00:03:19,200 Speaker 1: over this deployment. The judge said she needed time to 66 00:03:19,240 --> 00:03:22,919 Speaker 1: review the case, and a hearing is set for Thursday. Meantime, 67 00:03:23,000 --> 00:03:27,160 Speaker 1: ILLINOI Governor JB. Pritzker accused the Trump administration of inciting 68 00:03:27,240 --> 00:03:30,200 Speaker 1: conflict and deploying violence against the public. 69 00:03:30,560 --> 00:03:35,800 Speaker 7: Here is Pritzker, Donald Trump's deranged depiction of Chicago as 70 00:03:35,920 --> 00:03:40,040 Speaker 7: a hellhold, a war zone, and the worst and most 71 00:03:40,120 --> 00:03:43,760 Speaker 7: dangerous city in the world was just complete. 72 00:03:43,360 --> 00:03:47,880 Speaker 1: Bs ILLINOI Governor JB. Pritzker speaking there separately, the Trump 73 00:03:47,920 --> 00:03:50,880 Speaker 1: administration asked an appeals court to allow it to send 74 00:03:50,880 --> 00:03:55,560 Speaker 1: troops to Portland, Oregon, from either California or Texas. Late Sunday, 75 00:03:55,560 --> 00:03:59,000 Speaker 1: a federal judge blocked deployments from any state to the 76 00:03:59,000 --> 00:04:01,960 Speaker 1: city of Portland. We go to France next, where Prime 77 00:04:01,960 --> 00:04:06,800 Speaker 1: Minister Sebastian Lecornu resigned Monday morning. His departure came just 78 00:04:06,840 --> 00:04:10,480 Speaker 1: a day after French President Emmanuel Macron named a new cabinet. 79 00:04:10,800 --> 00:04:14,480 Speaker 1: It was broadly criticized and there was immediate pressure from 80 00:04:14,600 --> 00:04:17,680 Speaker 1: opposition parties on the left and the far right for 81 00:04:17,839 --> 00:04:21,920 Speaker 1: Macron to call snap parliamentary elections or even resign himself. 82 00:04:22,360 --> 00:04:24,200 Speaker 1: Here is Bloomberg Stephen Carroll. 83 00:04:24,320 --> 00:04:27,960 Speaker 8: Still the same kind of political stalemate. And actually the 84 00:04:28,040 --> 00:04:31,080 Speaker 8: latest development that Emmanuel Macro is giving the same man, 85 00:04:31,200 --> 00:04:34,640 Speaker 8: Sebastian mccarnou another forty eight hours to try and come 86 00:04:34,720 --> 00:04:37,880 Speaker 8: up with a sufficient coalition to be able to pass 87 00:04:37,920 --> 00:04:40,520 Speaker 8: a budget, because that's what this is all about. Tells 88 00:04:40,600 --> 00:04:42,799 Speaker 8: us that we're not at the end of this season 89 00:04:43,279 --> 00:04:47,159 Speaker 8: just yet. So essentially we're into another round of negotiations 90 00:04:47,240 --> 00:04:50,160 Speaker 8: led by the same man, speaking to the same people, 91 00:04:50,680 --> 00:04:52,560 Speaker 8: hoping for a different result. 92 00:04:52,680 --> 00:04:55,919 Speaker 1: That is Bloomberg Stephen Carroll. In the States, the Securities 93 00:04:55,960 --> 00:05:00,080 Speaker 1: in Exchange Commission has been probing the data collection practices 94 00:05:00,200 --> 00:05:03,120 Speaker 1: of the mobile ad tech company app loven. We are 95 00:05:03,160 --> 00:05:06,679 Speaker 1: told the sec has looked into allegations that app Lovin 96 00:05:06,880 --> 00:05:11,680 Speaker 1: violated partners service agreements to push more targeted advertising to consumers. 97 00:05:12,279 --> 00:05:14,839 Speaker 1: And that is news when you want it with Bloomberg News. Now, 98 00:05:15,040 --> 00:05:16,920 Speaker 1: I'm Doug Prisoner, and this is Bloomberg