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

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Speaker 1: Doug Chrisner. After the bell, we heard from the chip

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Speaker 1: maker and Vidia, and the company issued a cautious outlook

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Speaker 1: for revenue in the current quarter, and this guidance has

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Speaker 1: rattled the market a bit and raised out about the

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Speaker 1: pace of overall AI spending. Sales are projected to be

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Speaker 1: around fifty four billion dollars plus or minus two percent. Now,

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Speaker 1: this forecast excludes data center revenue from China, a market

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Speaker 1: where Nvidia has struggled with US export restrictions as well

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Speaker 1: as pressure from the Chinese government. The focus now is

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Speaker 1: very much on Nvidia's next generation of chip. Here is

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Speaker 1: Bloomberg Tech host Caroline Hide.

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Speaker 2: They're talking in the statement about Blackwell is the AI

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Speaker 2: platform that the world has been waiting for, delivering on

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Speaker 2: exceptional generation and lead the production of Blackwell ultras where

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Speaker 2: he's talking about that ramp of full speed. How much

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Speaker 2: is that bringing in more broadly, but really this is

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Speaker 2: an overall he says, The AI race is on and

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Speaker 2: Blackwell is a platform at its center.

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Speaker 1: Bloomberg's Caroline High there now at the same time that

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Speaker 1: unconventional plan from the Trump administration to charge a fifteen

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Speaker 1: percent commission on Nvidia chip sales in China has not

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Speaker 1: progressed beyond the early stages. Here is Bloomberg's romain Bostik.

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Speaker 3: I'm going to read specifically, what Nvidia had to say

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Speaker 3: is as any requests for a percentage of the revenue

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Speaker 3: by the US government may subject us to litigation, increase

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Speaker 3: our costs, harm our competitive position, and benefit competitors that

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Speaker 3: are not subject to such agreements. Now, obviously this gets

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Speaker 3: into a little bit of legal lease here, but it

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Speaker 3: seems to get to the point that whatever agreement Trump

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Speaker 3: announced earlier this month, apparently that is not.

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Speaker 1: Quite a done deal. That is Bloomberg's Romain Bostik. Now,

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Speaker 1: Nvidia CFO Collette Cress said the company should be able

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Speaker 1: to proceed with China sales without paying the commission if

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Speaker 1: this plan is not codified. We go to Japan next,

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Speaker 1: where the country's top trade negotiator, Rayosi Akazawa has canceled

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Speaker 1: his tree to the US. This is according to a

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Speaker 1: report from Kyoto. Here is Bloomberg's chill desis what a.

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Speaker 4: Kazawa, the trade negotiator, was originally intending to do was

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Speaker 4: go to Washington and sort of talk through some of

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Speaker 4: the issues that Japan is seeing with some tariffs that

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Speaker 4: they say that they agreed to with the United States

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Speaker 4: or earlier this summer. There originally agreed to a lower

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Speaker 4: auto tariff fifteen percent, and they also were trying to

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Speaker 4: avoid the stacking of tariffs on top of each other.

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Speaker 4: It seemed like at this point the US has yet

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Speaker 4: to deliver on those promises that were reached as according

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Speaker 4: to what japan'say that it reached this deal with earlier

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Speaker 4: this summer.

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Speaker 1: That is, Bloomberg's chill desis in Hong Kong now. According

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Speaker 1: to Japan's Cabinet Office, the visit was canceled because there

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Speaker 1: were points that still needed to be debated at the

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Speaker 1: administrative level. The Bank of Korea held its policy rate

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Speaker 1: unchanged to two and a half percent earlier on Thursday.

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Speaker 1: The decision was in line with expectations, although one economist

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Speaker 1: in the Bloomberg survey did forecast a quarter point rate cut.

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Speaker 1: OK officials upgraded their growth and inflation forecast, but they

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Speaker 1: also warned of financial imbalances tied to housing and household debt.

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Speaker 1: The Bank of Korea has already delivered four rate cuts

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Speaker 1: since last October. We're seeing a stronger Korean one in

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Speaker 1: the moment after this decision, and Korean government bond yields

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Speaker 1: have edged slightly lower. The Department of Health and Human

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Speaker 1: Services says it has ousted CDC Director Susan Manares just

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Speaker 1: weeks into her tenure. Now. This comes after she reportedly

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Speaker 1: pushed back against the stance on vaccines held by HHS

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Speaker 1: Secretary Robert F. Kennedy Junior. However, in an emailed statement,

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Speaker 1: attorneys representing Manares said she has neither resigned nor received

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Speaker 1: notification from the White House that she has been fired.

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Speaker 1: Two children are dead, seventeen others injured. This is after

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Speaker 1: a gunman opened fire on a Minneapolis Catholic church during

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Speaker 1: a school mass Wednesday morning. Officials now say a twenty

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Speaker 1: three year old transgender man, west In Black, used multiple

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Speaker 1: weapons before taking his own life. Weston Halsney is a

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Speaker 1: fifth grader at the Annunciation Catholic School.

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Speaker 5: It was like the shots fired and then he kind

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Speaker 5: of like got under the pews. They shot through the

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Speaker 5: the sting glass windows, I think, and it was really scary.

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Speaker 1: The two children killed were eight and ten years old.

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Speaker 1: Police Chief Brian O'Haras said the shooter was armed with

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Speaker 1: a rifle, shotgun, and a pistol. Now, the motive remains unclear.

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Speaker 1: The FBI and state authorities are assisting in the investigation. Incidentally,

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Speaker 1: this attack comes just a day after a string of

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Speaker 1: other shootings in Minneapolis left three people dead, although police

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Speaker 1: say these incidents are unrelated. And that is news when

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

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Speaker 1: and this is Bloomberg