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

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Speaker 1: Doug Prisner. President Trump says he has requested a delay

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Speaker 1: of his trip to China. He had been scheduled to

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Speaker 1: meet with Chinese President Chi Jinping in Beijing at the

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Speaker 1: end of the month, but he asked to put it

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Speaker 1: off for a month or so because of war in Iran.

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Speaker 1: At the same time, Trump reiterated and appeal for help

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Speaker 1: from other nations, including China, to secure the Strait of Hormuz.

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Speaker 1: Here is Bloomberg skylar Woodhouse.

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Speaker 2: Clearly, the President is trying to use this as sort

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Speaker 2: of a bargaining trip to try and get potentially China

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Speaker 2: to offer some assistance, but historically China has not really intervened,

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Speaker 2: and when it comes to wars, it will be interesting

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Speaker 2: to see one if China approves the president's request to

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Speaker 2: delay his trip, and if China ultimately decides to offer any.

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Speaker 1: Assistance that is Bloomberg skylar Woodhouse. However, allies in both

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Speaker 1: Europe and Asia are hesitant to send ships to help

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Speaker 1: reopen the strait. Here is Bloomberg's Tyler Kendall.

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Speaker 3: Here from the German Chancellor Merth saying that the NATO

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Speaker 3: alliance is a defense alliance, it's not an intervention alliance,

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Speaker 3: in his words, appearing to echo what we heard from

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Speaker 3: UK Prime Minister Cure Stormer earlier today, who seems to

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Speaker 3: rule out the potential that we could see a NATO

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Speaker 3: naval mission sent to the Strait of Primus, though people

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Speaker 3: familiar with the matter do tell Bloomberg News the UK

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Speaker 3: is looking at some other potential options to put on

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Speaker 3: the table in talks with the US, including deploying autonomous

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Speaker 3: drone mine hunting drones to go after any potential minds

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Speaker 3: that may be left in the street.

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Speaker 1: That is Bloomberg's Tyler Kendall. Now, several countries have already

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Speaker 1: said they're not getting involved in That list includes Spain, Italy,

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Speaker 1: Japan and Australia. Trump also said attacking oil infrastructure at

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Speaker 1: Iran's main export hub of carg Island is still on

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Speaker 1: the table. The US truck military targets on carg Island

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Speaker 1: over the weekend. Here is Natasha Hall, Associate fellow at Chathamhouse.

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Speaker 4: I think this is all part of those weakening the

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Speaker 4: regime more broadly strategy of the of this offensive. But

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Speaker 4: I think the question is for the longer term. How

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Speaker 4: does this affect global oil markets? How does this affect

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Speaker 4: the Iranian people and internal descent more broadly? But for

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Speaker 4: sure you are angering the Iranian regime even further.

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Speaker 1: Natasha Hall there, associate fellow at Chatham House. Crude oil

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Speaker 1: prices retreated today on the bet oil tankers will be

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Speaker 1: able at some point to traverse the Straight of Horne moves.

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Speaker 1: WTI crew down five point three percent in New York

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Speaker 1: trading to ninety three point fifty. In the equity market,

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Speaker 1: we had the S and P five hundred rising one percent.

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Speaker 1: Here is Lori Goodman, Global head of Investment and Wealth

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Speaker 1: Solutions at Jeffreys.

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Speaker 5: It's really hard to play geopolitics. It's hard to know

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Speaker 5: what's going on with the leader in Iran, if the

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Speaker 5: leader in Iran is alive at the moment, what the

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Speaker 5: current administration in the US is going to do. And

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Speaker 5: so we're telling investors to stay the course that in

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Speaker 5: all likelihood this will hopefully end soon and things will

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Speaker 5: go back to normal. We do anticipate that there will

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Speaker 5: continue to be some elevated geopolitical risk. This has been

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Speaker 5: something that's been growing for some time.

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Speaker 1: That is Lori Goodman from Jeffries and Vidia's AI conference

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Speaker 1: began today and CEO Jensen Wong said the company is

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Speaker 1: expecting to generate at least one trillion dollars from its

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Speaker 1: Blackwell and Reuben chips through the end of twenty twenty seven.

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Speaker 4: Now.

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Speaker 1: In Vidia previously forecast five hundred billion dollars in sales

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Speaker 1: by the end of twenty twenty six. Here is Nvidia,

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Speaker 1: CEO Jensen.

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Speaker 6: Wong, twenty twenty five was Nvidia's year of inference. We

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Speaker 6: wanted to make sure that not only were we good

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Speaker 6: at training and post training, that we were incredibly good

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Speaker 6: at every single phase of AI, so that the investments

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Speaker 6: that were made, investments made in our infrastructure could scale

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Speaker 6: out for as long as they would like to use it,

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Speaker 6: and the useful life of Nvidia's infrastructure would be long,

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Speaker 6: and therefore the cost would be incredibly low.

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Speaker 1: CEO Jensen Wong, speaking at Nvidia's its GtC event. Chares

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Speaker 1: in Nvidia were up today by one point six percent.

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Speaker 1: The Securities and Exchange Commission is reportedly preparing a proposal

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Speaker 1: to eliminate the requirement to report quarterly earnings. The Wall

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Speaker 1: Street Journal says companies would instead be given the option

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Speaker 1: to share results twice a year.

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Speaker 4: Now.

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Speaker 1: Once the proposal is published, it will be subject to

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Speaker 1: a public comment period, and after that period, which typically

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Speaker 1: lasts at least thirty days, the SEC will vote on it.

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Speaker 1: There are no guarantees though it will ultimately happen. Cuba

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Speaker 1: has suffered an island wide blockout. About eleven million residents

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Speaker 1: have been left without power on x The country's Ministry

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Speaker 1: of Energy and Minds called it a complete disconnection of

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Speaker 1: the electrical system. Now, Cuba has been struggling under the

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Speaker 1: weight of a de facto US oil blockade, and now

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Speaker 1: The New York Times reports the US has told Cuba

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Speaker 1: that for meaningful progress to be made in negotiations, President

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Speaker 1: Miguel Diaz Canal must step down. This move would popple

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Speaker 1: a key figurehead, but leave in place the repressive communist

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Speaker 1: government that has ruled Cuba for more than sixty five years.

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Speaker 1: A federal judge has paused changes to vaccine policy undertaken

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Speaker 1: by Health Secretary Robert F. Kennedy Junior. They include a

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Speaker 1: reduction of recommended childhood immunizations. The judge also put on

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Speaker 1: hold the appointments of thirteen members Kennedy selected for the

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Speaker 1: Advisory Committee on Immunization Practices. This panel helps determine which

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Speaker 1: vaccines are covered by insurance and which are provided for

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Speaker 1: free to some children. FED policymakers begin their two day

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Speaker 1: meeting on Tuesday, and we have a preview of the

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Speaker 1: decision from Bloomberg's Charlie Pellett.

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Speaker 7: The meeting comes amid rising oil prices and how that

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Speaker 7: will affect the Fed's inflation outlook. Eric Rosengren is the

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Speaker 7: former president of the Federal Reserve Bank of Boston.

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Speaker 8: I would highlight that even before the war, the committee

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Speaker 8: was quite divided, so there was a significant subset of

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Speaker 8: individuals that were very concerned about inflation and a somewhat

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Speaker 8: smaller subset that we're worried about the fragility of the

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Speaker 8: labor market.

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Speaker 7: Federal Reserve policy makers are widely expected to hold interest

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Speaker 7: rates steady while also putting out new forecasts for their

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Speaker 7: outlook for inflation and growth in New York.

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Speaker 1: Charlie Bloomberg Radio, and that is news when you want

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Speaker 1: it with Bloomberg News Now, I'm Doug Chrisner, and this

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Speaker 1: is Bloomberg