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

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Speaker 1: Doug Krisner. We begin in China, where the government says

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Speaker 1: it's currently evaluating possible trade talks with the US after

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Speaker 1: what Beijing said was senior US officials repeatedly expressing their

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Speaker 1: willingness to negotiate. As a first step, Beijing said the

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Speaker 1: US would first need to be prepared to correct its

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Speaker 1: practices and cancel unilateral tariffs. Secretary of State Marco Rubio

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Speaker 1: spoke with Sean Hannity on Fox News.

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Speaker 2: Can we reach some sort of short term accommodation with them?

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Speaker 1: That's what they want.

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Speaker 2: I mean, the Chinese are reaching out, they want to meet,

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Speaker 2: they want to talk.

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Speaker 1: That Secretary of State Marco Rubio on Fox News. We

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Speaker 1: got some key earnings after the bell. Apple reported worse

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Speaker 1: than expected sales in China, and the company also warned

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Speaker 1: that tariffs will increase cost in the current quarter by

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Speaker 1: nine hundred million dollars. Here is Bloomberg's Mark German.

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Speaker 3: Obviously, China's Apple's third biggest market. China really swings the

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Speaker 3: pendulum here when it comes to Apple shares going up

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Speaker 3: or down on earnings calls, and in this case, We're

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Speaker 3: at an annual decline, certainly in atal decline compared to

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Speaker 3: where Apple was two years ago in China this time around,

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Speaker 3: and then missing Wall Street expectations by about half a

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Speaker 3: billion dollars, So definitely not a good sign for Apple

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Speaker 3: and China, that.

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Speaker 1: Is Bloomberg's Mark German. Now, on the positive side, Apple

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Speaker 1: did announce a stock buyback of up to one hundred

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Speaker 1: billion dollars, and the company also boosted its dividend. Apple

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Speaker 1: shares down four percent in the late US session. Amazon

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Speaker 1: reported disappointing operating profit for the latest quarter, and the

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Speaker 1: company's forecast for operating profit in the current quarter was

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Speaker 1: also weaker than expected. But despite the weak outlook, Amazon

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Speaker 1: CEO Andy Jesse says he's optimistic the company can navigate

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Speaker 1: through trade uncertainties.

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Speaker 4: Obviously, none of us know exactly where tariffs will settle

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Speaker 4: or when. We haven't seen any attenuation of demand yet.

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Speaker 4: To some extent, we've seen some heightened buying in certain

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Speaker 4: categories that may indicate stocking up in advance any potential

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Speaker 4: tariff impact.

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Speaker 1: That is, Amazon CEO Andy Jasse speaking there, Amazon also

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Speaker 1: said that tariffs and trade policy may cause consumers to

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Speaker 1: pull back on their spending. Shares and Amazon were down

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Speaker 1: by more than two percent in late US trading. President

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Speaker 1: Trump saying today that he will nominate National Security Advisor

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Speaker 1: Mike Waltz to be the next US Ambassador to the

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Speaker 1: United Nations. Now, this comes after multiple reports indicated Waltz

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Speaker 1: would be stepping down from his role. You know, he

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Speaker 1: drew a wave of criticism for inadvertently adding a journalist

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Speaker 1: to a signal group chat where officials discussed sensitive attack plans.

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Speaker 1: Now Trump announced the Treasury Secretary Marco Rubio will be

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Speaker 1: serving as interim National Security Advisor. We heard from Chris Coons.

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Speaker 1: He is a Democratic Senator from Delaware who.

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Speaker 2: I think should be fired as Secretary Hegseth because at

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Speaker 2: the end of the day, he's the one who has

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Speaker 2: repeatedly misused critical classified information, added various people to different

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Speaker 2: signal chats and chains, and hasn't faced any accountability.

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Speaker 1: That is Delaware Senator Chris Coons. Meantime, the Pentagon Inspector

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Speaker 1: General has reportedly expanded its probe into Hegseth's use of

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Speaker 1: signal to share sensitive military information, this time on a

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Speaker 1: second group chat with his wife and brother. Wall Street

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Speaker 1: journal reporting. The investigation is now examining whether classified strike

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Speaker 1: plans for Yemen were improperly shared. Hegseth has denied any wrongdoing.

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Speaker 1: President Trump said he's standing by his defense chief, but

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Speaker 1: he has acknowledged the controversy has taken a toll. We

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Speaker 1: go to the labor market next. Weekly jobless claims jumped

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Speaker 1: to the highest level since February, and tomorrow we'll get

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Speaker 1: the April employment report. We have a preview from Bloomberg's

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Speaker 1: Michael McKee.

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Speaker 5: The jobs report may be the most important economic indicator

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Speaker 5: going forward, but maybe not this one. The president's big

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Speaker 5: tariff announcements came just ahead of the April survey week,

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Speaker 5: so companies likely didn't have a lot of time to react.

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Speaker 5: We may see some reduction federal government employment, but for

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Speaker 5: the most part, the April figures should suggest private sector

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Speaker 5: hiring is on hold. Also, the FED watch is the

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Speaker 5: unemployment rate rather than overall job creation, and unemployment is

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Speaker 5: forecast to hold steady. Michael McKee Bloomberg Radio, and that.

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Speaker 1: Is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner and this is Bloomberg