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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: News when you want it with Bloomberg News Now. I'm

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Speaker 2: Brian Curtis. In Hong Kong. Stocks and bonds have rallied

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Speaker 2: after the FED signaled it remains on track for three

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Speaker 2: interest rate cuts this year. That's despite a recent uptick

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Speaker 2: in inflation. Bloomberg opinion column this muhammadel Arian says the

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Speaker 2: FED may need to accept that slightly higher inflation goes

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Speaker 2: along with stronger growth.

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Speaker 3: I think you're cutting that tacit agreement that in order

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Speaker 3: to achieve the soft landing, we have to redefine what

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Speaker 3: we think is the inflation rate that goes with that

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Speaker 3: soft landing. It is not two. I think is nearer

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Speaker 3: to three than it is to two. And I think

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Speaker 3: that this is a first step in this process.

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Speaker 2: Meantime, for twenty twenty five, the FED is now forecasting

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Speaker 2: just three rate cuts instead of their previous forecast of four.

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Speaker 2: The Justice Department is poised to sue Apple as soon

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Speaker 2: as tomorrow. We're told the company will be accused of

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Speaker 2: violating anti trust laws by blocking rivals from accessing hardware

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Speaker 2: and software features on the iPhone. The case will mark

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Speaker 2: the third time that the DOJ has sued Apple for

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Speaker 2: anti trust violations in fourteen years. After the bill, Micron

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Speaker 2: gave a strong forecast for the current quarter, and the

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Speaker 2: stock swords seventeen percent in late trading. This reflects robust

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Speaker 2: demand for artificial intelligence hardware. Micron said quarterly revenue would

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Speaker 2: be as much as six point eight billion dollars. That's

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Speaker 2: about eight hundred million dollars above the average analyst estimate.

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Speaker 2: In terms of earnings minus certain items, Micron will earn

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Speaker 2: about forty five cents to share. Analysts had projected just

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Speaker 2: twenty four cents. Meantime, the US will award Intel eight

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Speaker 2: point five billion dollars in grants and as much as

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Speaker 2: eleven billion dollars in loans to help fund an expansion

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Speaker 2: of Intel's semiconductor factories, particularly in the United States. It

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Speaker 2: marks the largest awards so far from the twenty twenty

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Speaker 2: two Chip in Science Act. While we hear Barclays is

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Speaker 2: preparing to cut several hundred jobs within its investment bank division.

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Speaker 2: The story from Bloomberg's Charlie Pellett.

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Speaker 1: It comes as the firm embarks on a year's long

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Speaker 1: effort to trim costs and boost profits. Within the unit.

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Speaker 1: The sources say the cuts will affect staffers in global

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Speaker 1: markets research and the firm's investment banking arm. Sources say

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Speaker 1: those cuts are expected to take place in coming months

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Speaker 1: and are part of the firm's annual cutting of low performers.

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Speaker 1: In New York, Charlie Pellett Bloomberg Radio.

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Speaker 2: US Secretary of State Anthony Blincoln has announced he will

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Speaker 2: stop in Israel later this week when he visits the

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Speaker 2: Middle East. This is Blincoln's sixth visit since the war

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Speaker 2: between Israel and Hamas broke out in October. Bloomberg's Paul

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Speaker 2: Wallace has more on the trip in Egypt.

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Speaker 4: He will obviously talk about getting aid into the strip.

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Speaker 4: This is a huge concern for the international community right now,

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Speaker 4: and as you mentioned, there's massive pressure being put on

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Speaker 4: Israel to allow and doom more to enable more aid,

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Speaker 4: more humanitarian supplies to get into the Gaza Strip because

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Speaker 4: of the dire situation there when it comes to food distribution.

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Speaker 2: Bloomberg's Paul Wallace in Dubai, Irish Prime Minister Leo ver

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Speaker 2: Rodkar has stepped down as Premier. Bloomberg Dublin Bureau A

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Speaker 2: chief Jennifer Duggan says the news came as a surprise.

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Speaker 5: It was completely, very much unexpected. Although I must note

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Speaker 5: that the government lost toendum two referendums recently, and you know,

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Speaker 5: they were considered that the government had taken a bit

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Speaker 5: of a misstap with that, that they didn't that there

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Speaker 5: was some questioning about how they handled the referendums. However,

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Speaker 5: it was still completely unexpected. It was described this morning

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Speaker 5: when the news was coming out that it was a political.

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Speaker 2: Earthquake Bloomberg's Jennifer Duggan. Despite Rodkar's decision, there may not

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Speaker 2: be a general election in the near term. Government ministers

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Speaker 2: have been keen to avoid one for as long as possible.

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Speaker 2: The next planned election will be in March of twenty

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Speaker 2: twenty five. A controversial border enforcement law in Texas is

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Speaker 2: back on hold after a volley of court decisions. Bloomberg

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Speaker 2: Jonathan Tomorrow has the latest.

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Speaker 6: Texas has tried to enact a law that would allow

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Speaker 6: them to arrest and deport my people who arrive illegally themselves.

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Speaker 6: That's typically the power of federal government. It went up

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Speaker 6: to the Supreme Court, who kicked it back down to

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Speaker 6: a circuit court. It was allowed to go into effect

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Speaker 6: for essentially a few hours yesterday before it was blocked

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Speaker 6: yet again. So it's still working through the court process,

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Speaker 6: but for now it is not allowed to be enforced.

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Speaker 2: Bloomberg Governments Jonathan Tomori in the nation's capital. Meantime, the

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Speaker 2: Philippines said it Chinese navy ship shadowed its Coastguard vessel

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Speaker 2: en route to a Philippine occupied island in the South

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Speaker 2: China Sea. It's the latest incident between the two nations,

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Speaker 2: asserting overlapping maritime claims. The Philippine Coastguard issued radio challenges

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Speaker 2: to the Chinese navy vessel, but it said it did

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Speaker 2: not get any response. That's news when you want it

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Speaker 2: with Bloomberg News Now. I'm Brian Curtis. This is Bloomberg