1 00:00:01,040 --> 00:00:04,000 Speaker 1: News when you wanted it with Bloomberg News Now, I'm 2 00:00:04,000 --> 00:00:07,800 Speaker 1: Brian Curtis in Hong Kong. Auto retailers across the US 3 00:00:07,880 --> 00:00:12,200 Speaker 1: suffered a second major disruption. That's the word from CDK Global, 4 00:00:12,480 --> 00:00:16,040 Speaker 1: the software provider that dealers rely on to run their showrooms. 5 00:00:16,440 --> 00:00:18,880 Speaker 1: Auto retailers are likely to be out of service for 6 00:00:19,000 --> 00:00:22,240 Speaker 1: days as a result. Bloomberg Jeff Stone has more. 7 00:00:22,440 --> 00:00:25,400 Speaker 2: This software provider that works with more than fifteen thousand 8 00:00:25,440 --> 00:00:29,480 Speaker 2: dealerships around the country is already trying to recover from 9 00:00:29,480 --> 00:00:31,800 Speaker 2: what looks like is going to be a pretty costly outage. 10 00:00:31,920 --> 00:00:35,519 Speaker 2: The nature of the incident isn't quite clear yet. We 11 00:00:35,560 --> 00:00:38,199 Speaker 2: know that dealers are waiting for more information from the company, 12 00:00:38,920 --> 00:00:39,920 Speaker 2: but we know what looks bad. 13 00:00:40,120 --> 00:00:43,559 Speaker 1: The outage also extended to hundreds of dealerships in Canada. 14 00:00:44,240 --> 00:00:47,320 Speaker 1: Well Dell shares rose on Thursday after CEO Michael Dell 15 00:00:47,440 --> 00:00:50,760 Speaker 1: said that the company is building a Dell Ai factory 16 00:00:50,840 --> 00:00:56,280 Speaker 1: for Elon Musk's startup Xai, alongside Nvidio. More on this 17 00:00:56,320 --> 00:00:57,960 Speaker 1: from Bloomberg's Ed Ludlow. 18 00:00:57,720 --> 00:01:01,280 Speaker 3: College Bloomberg Intelligence have basically said, if Dell get just 19 00:01:01,360 --> 00:01:05,240 Speaker 3: fifty percent of the Xai deal and it's to develop 20 00:01:05,400 --> 00:01:08,679 Speaker 3: GROCK three, the latest generation large language model from them, 21 00:01:09,120 --> 00:01:11,679 Speaker 3: and you price each server rack at one million dollars. 22 00:01:11,720 --> 00:01:14,360 Speaker 3: It could be a deal that value is valued up 23 00:01:14,360 --> 00:01:17,840 Speaker 3: to three billion dollars for Dell, and therefore justify the 24 00:01:17,920 --> 00:01:21,560 Speaker 3: consensus that the part of Dell's business where they make service, 25 00:01:21,800 --> 00:01:25,840 Speaker 3: specifically for Compute for Ai, has a twenty five percent 26 00:01:25,880 --> 00:01:26,440 Speaker 3: growth rate. 27 00:01:26,600 --> 00:01:29,400 Speaker 1: Shares of Dell were down about four tenths of one percent. 28 00:01:29,520 --> 00:01:33,080 Speaker 1: The US Supreme Court has upheld a twenty seventeen tax 29 00:01:33,120 --> 00:01:36,800 Speaker 1: on American owned businesses foreign profits. The seven to two 30 00:01:36,920 --> 00:01:40,160 Speaker 1: decision was a rare test of the sixteenth Amendment, which 31 00:01:40,160 --> 00:01:45,000 Speaker 1: allows Congress to collect income taxes. Bloomberg's June Grosso has more. 32 00:01:44,959 --> 00:01:47,280 Speaker 4: If they had not ruled this way, it would have 33 00:01:47,800 --> 00:01:51,000 Speaker 4: sent the Internal Revenue Service into a frenzy trying to 34 00:01:51,440 --> 00:01:54,880 Speaker 4: restore taxes that were paid and also some of the 35 00:01:54,960 --> 00:01:55,720 Speaker 4: you know, the rules that. 36 00:01:55,680 --> 00:01:59,760 Speaker 1: They have Bloomberg's June Grosso. This case was closely watched 37 00:01:59,760 --> 00:02:03,280 Speaker 1: over Democrats' plans to impose a wealth tax, but just 38 00:02:03,320 --> 00:02:07,000 Speaker 1: as Brett Kavanaugh's opinion says, that's an issue for another day. 39 00:02:07,920 --> 00:02:11,800 Speaker 1: A United Airlines Holdings plane returned to a Connecticut airport 40 00:02:11,840 --> 00:02:15,120 Speaker 1: after losing part of a liner from inside the engine's cover. 41 00:02:15,680 --> 00:02:17,840 Speaker 1: We get the story from Bloomberg's Charlie Pellett. 42 00:02:18,120 --> 00:02:21,839 Speaker 5: It's another incident for a carrier already under scrutiny over 43 00:02:21,880 --> 00:02:25,399 Speaker 5: a series of flight mishaps this year. According to the FAA, 44 00:02:25,800 --> 00:02:29,639 Speaker 5: the Airbus A three to twenty aircraft departed Bradley International 45 00:02:29,680 --> 00:02:33,200 Speaker 5: in Hartford this morning en route to Denver International when 46 00:02:33,240 --> 00:02:37,079 Speaker 5: the crew heard what's described as an abnormal noise. The 47 00:02:37,120 --> 00:02:40,640 Speaker 5: airline's safety procedures have been under review by the FAA 48 00:02:41,000 --> 00:02:44,240 Speaker 5: since a series of incidents, including a piece of fuselage 49 00:02:44,240 --> 00:02:47,000 Speaker 5: coming loose in flight and a wheel falling off a 50 00:02:47,040 --> 00:02:51,160 Speaker 5: plane after takeoff in New York. Charlie Pellett Bloomberg Radio. 51 00:02:52,040 --> 00:02:54,880 Speaker 1: The US is putting Ukraine on the top of a 52 00:02:54,919 --> 00:02:58,960 Speaker 1: priority list for air defense systems. Bloomberg's Nathan Hager reports 53 00:02:59,000 --> 00:02:59,720 Speaker 1: from Washington. 54 00:03:00,000 --> 00:03:03,000 Speaker 6: The White House is halting deliveries of patriots surface to 55 00:03:03,040 --> 00:03:07,160 Speaker 6: air missiles to allies and redirecting them to Ukraine. National 56 00:03:07,200 --> 00:03:10,400 Speaker 6: Security Council spokesman John Kirby calls it a difficult but 57 00:03:10,639 --> 00:03:14,520 Speaker 6: necessary decision as Ukraine continues to face aerial barrages from 58 00:03:14,600 --> 00:03:18,800 Speaker 6: Russia on population centers and key infrastructure. Kirby says the 59 00:03:18,840 --> 00:03:21,359 Speaker 6: new systems should arrive in Ukraine in the coming weeks 60 00:03:21,400 --> 00:03:24,560 Speaker 6: and last through the next fiscal year. Shipments to other 61 00:03:24,639 --> 00:03:29,000 Speaker 6: countries could resume within sixteen months. In Washington, I'm Nathan 62 00:03:29,040 --> 00:03:32,520 Speaker 6: Hager Bloomberg Radio, McDonald says the company is ready for 63 00:03:32,560 --> 00:03:35,720 Speaker 6: a fight. On June twenty fifth, the fast food chain 64 00:03:35,760 --> 00:03:38,960 Speaker 6: will launch a new five dollars value meal deal. It 65 00:03:39,080 --> 00:03:42,440 Speaker 6: raises the stakes as US restaurants vie to lure back 66 00:03:42,520 --> 00:03:45,880 Speaker 6: inflation weary diners. Bloomberg Intelligence Senior. 67 00:03:45,640 --> 00:03:48,760 Speaker 1: Analyst Michael Halen tells us what McDonald's is hoping to 68 00:03:48,800 --> 00:03:50,400 Speaker 1: accomplish with his campaign. 69 00:03:50,640 --> 00:03:54,720 Speaker 7: They want to kind of level set people's expectations about 70 00:03:55,360 --> 00:03:59,120 Speaker 7: what they're going to pay inside the McDonald's and kind 71 00:03:59,120 --> 00:04:02,760 Speaker 7: of get people focused back on the fact that you know, 72 00:04:03,360 --> 00:04:06,480 Speaker 7: you can still get a lot of value on that 73 00:04:06,600 --> 00:04:07,600 Speaker 7: McDonald's menu. 74 00:04:08,320 --> 00:04:12,080 Speaker 1: Michael Haylen speaking with Bloomberg's Alex Steele and Paul Sweeney. 75 00:04:12,680 --> 00:04:16,680 Speaker 1: The five dollars deal includes a mcdouble or McChicken sandwich, 76 00:04:17,000 --> 00:04:20,599 Speaker 1: small fries, four piece chicken nuggets, and a small soft drink. 77 00:04:21,040 --> 00:04:23,960 Speaker 1: Competitor Burger King pledged to roll out its five dollars 78 00:04:24,040 --> 00:04:27,240 Speaker 1: value meal plus, Wendy's has pushed out a three dollar 79 00:04:27,320 --> 00:04:30,400 Speaker 1: breakfast offer, and even Starbucks said he would offer a 80 00:04:30,480 --> 00:04:34,760 Speaker 1: six dollars breakfast, sandwich and coffee combo. That's news when 81 00:04:34,800 --> 00:04:37,839 Speaker 1: you want it with Bloomberg News Now. I'm Brian Curtis. 82 00:04:37,880 --> 00:04:38,680 Speaker 1: This is Bloomberg