Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: Doug Chrisner. The US will collect tariffs ranging from ten
Speaker 1: percent to twelve and to half percent from its major
Speaker 1: trading partners now. These are part of a new set
Speaker 1: of duties to combat forced labor. Countries with laws against
Speaker 1: forced labor will have a ten percent tariff, and those
Speaker 1: without such statutes are being hit with a tariff of
Speaker 1: twelve and to half percent. Here is US Trade Rep.
Speaker 1: Jamison Greer speaking earlier to CNN.
Speaker 2: Even if you're a country that probably doesn't have forced
Speaker 2: labor yourself, if you're allowing the import of goods made
Speaker 2: with forced labors, that makes it harder for my goods
Speaker 2: to compete because we're following labor rules in the US.
Speaker 2: We have labor unions, we have protections for our workers,
Speaker 2: and so we're trying to get every country to have
Speaker 2: the same kinds of protections we do to make sure
Speaker 2: that trade and forced labor isn't occurring so that our workers,
Speaker 2: our exporters, our companies don't have to compete against them
Speaker 2: on an unlevel playing field.
Speaker 1: That was US Trade Rep. Jamison Greers speaking to CNN. Now,
Speaker 1: these new duties will take effect as of Friday twelve
Speaker 1: oh one am New York time. The flow of big
Speaker 1: tech earnings continued after the closing bell, Intel delivered a
Speaker 1: surprisingly strong revenue forecast for the current quarter. It underscores
Speaker 1: Intel's gains with data center customers, and for the latest quarter,
Speaker 1: sales in the data center segment soared fifty nine percent,
Speaker 1: with Intel's central processing units in high demand for AI computing.
Speaker 1: Here is Bloomberg s ed Ludlow.
Speaker 3: The market is a situation where CPU specifically is taking off.
Speaker 3: For Intel, a lot of their top line performance is
Speaker 3: answered by that. And in the cour to gone, you
Speaker 3: know that unit's growing fifty nine percent, double what the
Speaker 3: rest of the business is growing at. So they have
Speaker 3: found their place in that market. But what they're battling
Speaker 3: to do is improve their own operations, their own foundries,
Speaker 3: and their own processes so they can get the CPU
Speaker 3: product that people actually want out there into the real world.
Speaker 1: That is Bloomberg zed Ludlow shares an Intel jump ten
Speaker 1: percent in late US trading. Ran has reportedly rejected a
Speaker 1: ceasefire proposal from the US. The New York Times reports
Speaker 1: the offer came from President Trump carried to Tehran by
Speaker 1: Iraq's Prime minister. The Times also reports Iranian officials saying
Speaker 1: their government was not interested in a temporary deal that
Speaker 1: left the question of the Strait of Hormuz unsolved. Now
Speaker 1: this comes after President Trump earlier in the day threatened
Speaker 1: to step up strikes on Iran. Trump said that he
Speaker 1: would also hold Tehran responsible for any further attacks committed
Speaker 1: by Houthi rebels on ships in the Red Sea. Earlier today,
Speaker 1: Iran Baktouthie's took responsibility for assaults on two Saudi Arabian
Speaker 1: oil tankers. Now, Trump also said damage to ships and
Speaker 1: cargo would be paid for by Iranian funds frozen by
Speaker 1: the US. The House of Representatives has once again passed
Speaker 1: a resolution to stop US military action in Iran. Four
Speaker 1: Republicans crossed party lines to vote with Democrats to require
Speaker 1: congressional roval for this war, and we got reaction from
Speaker 1: North Carolina Republican Senator Ted.
Speaker 4: Budd anytime you pass a war powers resolution, as we've
Speaker 4: seen pop through the House or the Senate at any
Speaker 4: particular time in the last several weeks, it weakens the
Speaker 4: President's hands, which is really putting our war fighters in danger.
Speaker 4: We want to end this quickly, and so we need
Speaker 4: to present a unified strength or unified front and full strength,
Speaker 4: and that way we can win more quickly. Anytime they
Speaker 4: see us fractured internally, our opponents will use that to
Speaker 4: their advantage, which hurts our men and women in uniform.
Speaker 1: That is North Carolina Republican Senator Ted Budd speaking on
Speaker 1: bloomberg'spealance of Power. The US and Saudi Arabia have finalized
Speaker 1: a deal on sharing nuclear technology, and President Trump says
Speaker 1: this agreement depends on Saudi Arabia normalizing ties with Israel
Speaker 1: by joining the Abraham Accords. On social media, Trump said
Speaker 1: there will also be no enrichment of nuclear material here,
Speaker 1: is White House Press Secretary Caroline Levitt.
Speaker 5: This agreement, in particular, as it's been discussed thus far,
Speaker 5: does give priority access for American companies in the Saudi
Speaker 5: nuclear energy program, which will ultimately benefit American industry workers
Speaker 5: in supply chains. So the deal that has been discussed
Speaker 5: thus far and will continue to be discussed, absolutely puts
Speaker 5: America first, and that's obviously very important to this president.
Speaker 1: Now, this agreement has raised concern about lack of guardrails
Speaker 1: to prevent riod from enriching uranium to weapons grade. Tonight,
Speaker 1: there was a United Nations town hall and a debate
Speaker 1: featuring six candidates, all vying to become the next UN
Speaker 1: Secretary General. Here is Bloomberg's Magdalena del Vae.
Speaker 6: The biggest challenge for the next leader of the UN
Speaker 6: is that there's so many challenges and so many countries
Speaker 6: that they have to deliver for because the reason this
Speaker 6: job is a thinkless task is that you're trying you
Speaker 6: have to please everyone. You have one hundred and ninety
Speaker 6: three countries that you're trying to work for and work with.
Speaker 6: But you know, a lot of these countries are enemies.
Speaker 6: A lot of these countries are in conflict with one another,
Speaker 6: and so it's a possible to keep everybody happy all
Speaker 6: the time.
Speaker 1: That was Bloomberg's Magdalena del Vae. Now, the next Secretary
Speaker 1: General will need to secure nine of the fifteen votes
Speaker 1: in the Security Council without a veto from any of
Speaker 1: the five permanent members. The Department of Justice has dropped
Speaker 1: subpoenas of New York Times reporters whose stories detailed security
Speaker 1: concerns over Cutter's donation of a seven forty seven jumbo
Speaker 1: jet to President Trump for his use as Air Force one.
Speaker 1: A federal judge cited profound First Amendment issues. The judge
Speaker 1: also said investigators should have exhausted other sources of information
Speaker 1: before issuing subpoenas to the press. Those subpoenas, incidentally, are
Speaker 1: now null and void, and the judge said if prosecutors
Speaker 1: want to reissue them, they'll have to come to court first.
Speaker 1: SpaceX has started to turn away satellite operators looking for
Speaker 1: dedicated trips to orbit. We are told the company is
Speaker 1: not taking future reservations for its Falcon nine ride share program.
Speaker 1: That's where multiple satellite operators hitch a ride to orbit
Speaker 1: on a single rocket. Earlier today, SpaceX delayed the next
Speaker 1: major test flight of its Starship rocket. It had been
Speaker 1: set for Thursday evening, but due to unfavorable weather, the
Speaker 1: launch was rescheduled for Friday now. Last Thursday, SpaceX scrubbed
Speaker 1: a test flight just as its rocket was set to
Speaker 1: lift off after plumes of smoke erupted around the launch tower.
Speaker 1: Tomorrow's scheduled launch will be the thirteenth test flight of Starship,
Speaker 1: but the first since the SpaceX IPO in June, when
Speaker 1: the company raised some eighty six billion dollars. In today's
Speaker 1: stock market session, shares in SpaceX gained two point six
Speaker 1: percent to one hundred eighteen dollars twenty four cents. That's
Speaker 1: below the IPO price of one hundred thirty five dollars.
Speaker 1: And that is news when you want it with Bloomberg News. Now,
Speaker 1: I'm Doug Prisoner, and this is Bloomberg