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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Stephen.

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Speaker 2: Carroll and I'm Caroline Hepkear.

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Speaker 1: US President Donald Trump is looking to scale back tariffs

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Speaker 1: on steel and aluminium products. Bloomberg understands the White House

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Speaker 1: is considering introducing more targeted measures as a way to

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Speaker 1: combat the cost of living. Bloomberg's James Wilcock has more.

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Speaker 3: Republicans are growing anxious. Earlier this week, the House of

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Speaker 3: Representatives past the bill directly targeting the president's tariffs on

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Speaker 3: Canadian imports. The cost of living and upcoming midterms are

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Speaker 3: starting to concern even Trump allies. Now, Bloomberg has learned

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Speaker 3: the White House is working on tweaks to its trade agenda,

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Speaker 3: ways to make the steel and aluminium tariffs more targeted

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Speaker 3: and potentially roll back some levees. Countries including the UK,

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Speaker 3: Mexico and Canada, as well as EU members could stand

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Speaker 3: to benefit from many easing in London, James Wilcock, Bloomberg Radia.

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Speaker 2: Yet more companies are being caught up in the so

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Speaker 2: called AI scare trade. THEGIST six stocks plunged on Wall

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Speaker 2: Street after a former karaoke company unveiled a new AI

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Speaker 2: powered platform for the freight industry. The announcement from Algorithm

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Speaker 2: triggered a sell off that wiped six point six percent

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Speaker 2: off the Russell three thousand Trucking index. Paul Dobson is

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Speaker 2: our executive editor for Asia Markets. He says it's the

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Speaker 2: latest example of the mounting anxiety about how AI is

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Speaker 2: disrupting different sectors.

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Speaker 4: The market is in such a fragile sort of state

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Speaker 4: of mind at the moment, given the other sell offs

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Speaker 4: we've seen in various industries where it's looked like AI

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Speaker 4: could do those high labor intensive, high cost jobs at

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Speaker 4: a fraction of the cost. Each different sector in turn

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Speaker 4: is facing a little bit of a comeuppance where people

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Speaker 4: are realizing, well, this is another thing that maybe AI

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Speaker 4: can do, and so maybe the companies that are doing

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Speaker 4: it don't deserve the valuations they've currently got.

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Speaker 2: Paul Dobson speaking there as Asian stocks followed US index

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Speaker 2: it's lower and traditional safe haven assets including gold and silver,

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Speaker 2: also declined sharply on Thursday. The news comes as Anthropic

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Speaker 2: announced that it's completed a thirty billion dollar funding round

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Speaker 2: at evaluation of three hundred and eighty billion dollars. Its

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Speaker 2: technology has been at the heart of the recent AI

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Speaker 2: related selloffs that have shaken global markets.

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Speaker 1: Goldman Sachstop lawyer is leaving the firm following the release

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Speaker 1: of documents highlighting her links to the convicted sex offender

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Speaker 1: Jeffrey Epstein. Goldman CEO David Solomon announced that Kathy Rumler

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Speaker 1: will step down at the end of June, adding that

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Speaker 1: he respects her decision to resign and that she would

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Speaker 1: be missed. Ploomberg's finance reporter Harry Wilson says the revelations

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Speaker 1: from the Epstein files are likely to keep coming.

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Speaker 5: What we're seeing is a whole host of people around

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Speaker 5: the world, often very wealthy, very influential people, being caught

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Speaker 5: up in this, I guess ever growing scandal, which is

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Speaker 5: that they in some way have either had linked connections,

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Speaker 5: were close friends associates of Jeffrey Epstein, and those relationships

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Speaker 5: now are getting exposed in a very public and a

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Speaker 5: very damaging way for them.

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Speaker 1: Our reporter Harry Wilson was referring to others mentioned in

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Speaker 1: the documents, including former US Treasury Secretary Larry Summers and

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Speaker 1: attorney Brad Karp. Goldman Sachs said that Roumler disclosed to

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Speaker 1: its leadership at the time that she had previously dealt

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Speaker 1: with Epstein, who had offered to use his network to

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Speaker 1: help her build her private practice. In a statement, Roumler

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Speaker 1: said her responsibility was to put Goldman Sachs interests first.

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Speaker 2: And In other news, Hungary's opposition leader Peter Meyer says

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Speaker 2: that he was secretly taped having sex and has accused

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Speaker 2: the government of trying to blackmail him ahead of key elections.

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Speaker 2: Maya's Teaser party has a wide lead in polls over

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Speaker 2: the incumbent, Victor Auburn, who's been in power for sixteen years.

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Speaker 2: After rumors of the sex tape appeared in the Hungarian media,

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Speaker 2: the opposition leader said that he was the victim of blackmail.

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Speaker 6: I was as you so, so shall you reap? You

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Speaker 6: will not be able to intimidate or blackmail me. Russian

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Speaker 6: seeks its service help and a flood of fake videos

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Speaker 6: will not be enough. Destroying my family will not be

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Speaker 6: enough either. The vast majority of Hungarian people see through

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Speaker 6: the All Bank government's lies and in humanity, and.

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Speaker 2: So that was Peter Maya there, speaking via translator in

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Speaker 2: an online video that the politician subtitled into English. A

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Speaker 2: spokesman for auburns FIDE's party said in a Facebook post

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Speaker 2: that Maya's comments implied the politician had been misleading the public.

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Speaker 2: The alleged sex tape is the latest scandal in the

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Speaker 2: country's election campaign. Ahead of the vote in April.

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Speaker 1: The UK Defense Secretary John Healy says allies have pleasure

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Speaker 1: as much as thirty five billion dollars in new military

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Speaker 1: aid for Ukraine. He said, Kiev's supporters have never been

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Speaker 1: more determined to end the war.

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Speaker 7: We will step up military assistance to Ukraine, we will

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Speaker 7: step up pressure on Russia, and we want to make

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Speaker 7: twenty twenty six the year this war ends, on the

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Speaker 7: year we secure peace.

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Speaker 1: Heally and other European defense ministers are rushing to shore

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Speaker 1: up the war battered country as Moscow's full scale invasion

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Speaker 1: approaches its four year mark. Washington has effectively ended its

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Speaker 1: financial aid to Ukraine since President Trump returned to office,

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Speaker 1: with peace talks stalled, months of Russian air strikes have

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Speaker 1: left millions of Ukrainians to endure winter without steady heat

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Speaker 1: or electricity supplies.

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Speaker 2: Those are some of our top stories for you this morning.

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Speaker 2: Looking at the markets, so glassing through the list. The

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Speaker 2: best performer Saffron, so the French company actually seeing a

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Speaker 2: big jump up by six point one percent. The aerospace

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Speaker 2: business lifting its twenty twenty eight targets, so that seems

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Speaker 2: to be the driver. There also Delivery Hero shares at

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Speaker 2: tumbling six percent. The Italian unit under judicial review. NatWest

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Speaker 2: came out with results of this morning pretax income of

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Speaker 2: one point nine to four billion pounds. It was a

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Speaker 2: beat at overall. Europin stocks actually off flat though fifty

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Speaker 2: one hundred four tenths of one percent stop features for

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Speaker 2: the US mixed as for treasury yields up two basis

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Speaker 2: points for twelve and the dollar is stronger a tenth

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Speaker 2: of one percent. The euro trading at one eighteen sixty

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Speaker 2: one this morning. Those are the markets. That's news when

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Speaker 2: you want it. With Bloomberg News Now, I'm Caroline Hepka,

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Speaker 2: I'm

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Speaker 1: Stephen Carroll, and this is Bloomberg