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Speaker 1: News when you want it. With Bloomberg News Now, I'm

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Speaker 1: Doug Krisner. There are simply no mistaking the disruptive power

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Speaker 1: of artificial intelligence. Today Anthropic released a new AI model

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Speaker 1: aimed at using PCs in increasingly complicated ways. Claude Sonnet

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Speaker 1: four point six can carry out actions that require multiple steps,

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Speaker 1: such as filling out web forms and then coordinating information

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Speaker 1: across several browser tabs. Now, the equity market remains anxious

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Speaker 1: over the ability of AI to disrupt many businesses. Software

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Speaker 1: stocks in particular have been punished, and in some cases,

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Speaker 1: so has the debt associated with those companies. Today, a

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Speaker 1: handful of software firms released earnings ahead of schedule to

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Speaker 1: show their resilience. Nonetheless, the IGV software ETF was down

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Speaker 1: two point two percent today. Here is Julie Beial from

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Speaker 1: Cain Anderson Rudnik.

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Speaker 2: It's very likely that AI is going to disrupt all

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Speaker 2: of us in a pretty meaningful way. It's not clear

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Speaker 2: to me, and I don't think it makes a lot

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Speaker 2: of sense to be directing a ton of client money

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Speaker 2: based on very unproven facts. Many of the companies that

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Speaker 2: are coming forward and purporting to be disruptors, these are

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Speaker 2: Silicon Valley darlings that you have a great amount of rhythm,

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Speaker 2: and they have lots of growth opportunities from them, but

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Speaker 2: they haven't actually demonstrated the hardest thing, which is the

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Speaker 2: distribution and the ability to sell into enterprise, and that

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Speaker 2: is much tougher and takes much more time to figure out.

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Speaker 1: Julie Biale there from Cain Anderson Rudnik. Now, at the

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Speaker 1: same time, the FED is trying to assess the impact

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Speaker 1: of AI on the American economy and productivity growth. Here

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Speaker 1: is the head of the San Francisco Fed, Mary Daily.

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Speaker 3: So what we're looking for is a technology to give

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Speaker 3: us consistently good changes in productivity so that all industries

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Speaker 3: at scale get better, industries figure out new ways to

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Speaker 3: generate revenue, new ways to do product design, new ideas

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Speaker 3: to come and shape the economy. That's the thing that

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Speaker 3: has sustained productivity growth part. So it's undeniable. Productivity growth

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Speaker 3: has gone up. What's not as clear is how long

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Speaker 3: will that last.

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Speaker 1: That is San Francisco Fedbank President Mary Daily speaking at

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Speaker 1: San Jose's State University. We're getting some details on the

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Speaker 1: investments Japan will be making in the US. Today. President

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Speaker 1: Trump announced the first trons worth thirty six billion dollars.

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Speaker 4: Now.

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Speaker 1: This funding is part of the trade agreement between the

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Speaker 1: US and Japan, and as a part of that deal,

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Speaker 1: Japan committed a total of five hundred and fifty billion

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Speaker 1: dollars for investments in the United States. Today's announcement covers

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Speaker 1: a gas power plant in Ohio, as well as a

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Speaker 1: critical mineral site in Georgia and a liquefied natural gas

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Speaker 1: facility in Texas. Now the implementation is likely to be

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Speaker 1: a top agenda item when President Trump and Japanese Prime

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Speaker 1: Minister takee Ichi meet in Washington on March nineteenth. Shares

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Speaker 1: in Palo Alto Networks fell eight percent in late US trading.

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Speaker 1: That was after the company gave a disappointing forecasts for

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Speaker 1: adjusted earnings for both the current quarter and the full year.

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Speaker 1: Here is Palo Alto CEO Nikesh Arora.

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Speaker 4: I think the market is not paying attention to our

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Speaker 4: numbers carefully. We just completed our largest acquisition in cyber Arc.

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Speaker 5: We had a great quarter.

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Speaker 4: Our numbers are across every known consensus metric. TIN market

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Speaker 4: is not understanding that our guidance for the next two

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Speaker 4: quarters includes cyber Arc. If you take the consensus cyber

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Speaker 4: Arc and ours, we're actually getting above the collective consensus.

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Speaker 4: But the market hasn't understood the dilution of shares, so

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Speaker 4: I think they have it wrong.

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Speaker 1: That is Palo Alto Network CEO Nikesh Arora. Warner Brothers

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Speaker 1: Discovery has agreed to reopen takeover negotiations with Paramount's guidance. Now,

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Speaker 1: last week Paramount proposed raising its bid. It also sweetened

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Speaker 1: other terms of its offer, and today Paramount said it's

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Speaker 1: prepared to engage in good faith and constructive discussions with

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Speaker 1: Warner Brothers. Now, Netflix already has a deal with Warner

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Speaker 1: Brothers to buy Warner's studio and streaming businesses for seventy

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Speaker 1: two billion dollars. Here is Bloomberg's Michelle Davis.

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Speaker 6: The ball is in Paramount's court right now. So right now,

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Speaker 6: Warner Brothers will be talking to Paramount to clarify the

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Speaker 6: terms of its latest offer. Basically, they want whatever Paaramount

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Speaker 6: has said in writing. If the board determines that this

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Speaker 6: is a superior offer, then Netflix will have a chance

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Speaker 6: to match it. And remember, as the incumbent, Netflix only

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Speaker 6: has to match or tie whatever Paaramount has put on

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Speaker 6: the table because they're not apples to apples. That means

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Speaker 6: it doesn't technically have to be the same number. The

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Speaker 6: board will have to weigh, you know, if they are

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Speaker 6: on equal footing, and that would put Netflix in the lead.

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Speaker 2: Again.

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Speaker 1: That was Bloomberg's Michelle Davis. Crude oil prices declined today.

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Speaker 1: That was after the US and Iran made progress in

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Speaker 1: nuclear talks in Geneva. To RAN's negotiators are scheduled to

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Speaker 1: return with a new proposal in two weeks now. That

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Speaker 1: may suggest reduce chances of any imminent military clash. Here

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Speaker 1: is Evelyn Farkas, executive director at the McCain Institute.

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Speaker 7: I don't think that I would with too much stock

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Speaker 7: in it in the sense that when President Trump has

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Speaker 7: two carriers off the coast or you know, within striking

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Speaker 7: range of Iran, it usually means he's going to use force,

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Speaker 7: just based on past recent experience Allah Venezuela. So I

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Speaker 7: think that President Trump is pretty much leaning towards using force.

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Speaker 7: The Iranians don't want him to lose, you know, to

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Speaker 7: use force, so of course they've agreed to some kind

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Speaker 7: of framework.

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Speaker 1: That is Evelyn Farcas from the McCain Institute. Today in

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Speaker 1: New York trading WTI crude oil was down nearly one

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Speaker 1: percent to sixty two thirty three. Reverend Jesse Jackson has died.

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Speaker 1: The prominent US civil rights leader was a protege of

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Speaker 1: Martin Luther King Junior. Jesse Jackson also ran for president

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Speaker 1: twice in the nineteen eighties. Here is Jackson speaking at

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Speaker 1: the nineteen eighty four Democratic Convention, the first time he ran.

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Speaker 5: Leadership can mitigate the misery of our nation. Leadership can

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Speaker 5: part the water in lead domination in the direction of

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Speaker 5: the Promised Land.

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Speaker 1: Today, Reverend Al Sharpton reflected on Jackson's life. Now, he

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Speaker 1: was a hot task master. He would always get on

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Speaker 1: me about why you're on this issue. You need to

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Speaker 1: be more studied on this.

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Speaker 5: But he was one who was more responsible than anyone

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Speaker 5: for teaching me activists.

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Speaker 1: Sharpton called Jackson an agent who elevated the voices of

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Speaker 1: the voiceless. Jackson died peacefully at the family home on

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Speaker 1: the South side of Chicago. Jesse Jackson was eighty four.

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Speaker 1: And that is news when you want it with Bloomberg News.

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Speaker 1: Now I'm Doug Prisoner, and this is Bloomberg,