WEBVTT - Trump Rebuilds Tariffs With New Levies, Intel Strong Forecast, More 

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<v Speaker 1>News when you want it with Bloomberg News Now, I'm

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<v Speaker 1>Doug Chrisner. The US will collect tariffs ranging from ten

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<v Speaker 1>percent to twelve and to half percent from its major

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<v Speaker 1>trading partners now. These are part of a new set

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<v Speaker 1>of duties to combat forced labor. Countries with laws against

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<v Speaker 1>forced labor will have a ten percent tariff, and those

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<v Speaker 1>without such statutes are being hit with a tariff of

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<v Speaker 1>twelve and to half percent. Here is US Trade Rep.

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<v Speaker 1>Jamison Greer speaking earlier to CNN.

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<v Speaker 2>Even if you're a country that probably doesn't have forced

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<v Speaker 2>labor yourself, if you're allowing the import of goods made

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<v Speaker 2>with forced labors, that makes it harder for my goods

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<v Speaker 2>to compete because we're following labor rules in the US.

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<v Speaker 2>We have labor unions, we have protections for our workers,

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<v Speaker 2>and so we're trying to get every country to have

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<v Speaker 2>the same kinds of protections we do to make sure

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<v Speaker 2>that trade and forced labor isn't occurring so that our workers,

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<v Speaker 2>our exporters, our companies don't have to compete against them

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<v Speaker 2>on an unlevel playing field.

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<v Speaker 1>That was US Trade Rep. Jamison Greers speaking to CNN. Now,

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<v Speaker 1>these new duties will take effect as of Friday twelve

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<v Speaker 1>oh one am New York time. The flow of big

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<v Speaker 1>tech earnings continued after the closing bell, Intel delivered a

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<v Speaker 1>surprisingly strong revenue forecast for the current quarter. It underscores

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<v Speaker 1>Intel's gains with data center customers, and for the latest quarter,

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<v Speaker 1>sales in the data center segment soared fifty nine percent,

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<v Speaker 1>with Intel's central processing units in high demand for AI computing.

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<v Speaker 1>Here is Bloomberg s ed Ludlow.

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<v Speaker 3>The market is a situation where CPU specifically is taking off.

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<v Speaker 3>For Intel, a lot of their top line performance is

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<v Speaker 3>answered by that. And in the cour to gone, you

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<v Speaker 3>know that unit's growing fifty nine percent, double what the

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<v Speaker 3>rest of the business is growing at. So they have

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<v Speaker 3>found their place in that market. But what they're battling

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<v Speaker 3>to do is improve their own operations, their own foundries,

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<v Speaker 3>and their own processes so they can get the CPU

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<v Speaker 3>product that people actually want out there into the real world.

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<v Speaker 1>That is Bloomberg zed Ludlow shares an Intel jump ten

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<v Speaker 1>percent in late US trading. Ran has reportedly rejected a

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<v Speaker 1>ceasefire proposal from the US. The New York Times reports

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<v Speaker 1>the offer came from President Trump carried to Tehran by

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<v Speaker 1>Iraq's Prime minister. The Times also reports Iranian officials saying

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<v Speaker 1>their government was not interested in a temporary deal that

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<v Speaker 1>left the question of the Strait of Hormuz unsolved. Now

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<v Speaker 1>this comes after President Trump earlier in the day threatened

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<v Speaker 1>to step up strikes on Iran. Trump said that he

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<v Speaker 1>would also hold Tehran responsible for any further attacks committed

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<v Speaker 1>by Houthi rebels on ships in the Red Sea. Earlier today,

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<v Speaker 1>Iran Baktouthie's took responsibility for assaults on two Saudi Arabian

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<v Speaker 1>oil tankers. Now, Trump also said damage to ships and

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<v Speaker 1>cargo would be paid for by Iranian funds frozen by

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<v Speaker 1>the US. The House of Representatives has once again passed

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<v Speaker 1>a resolution to stop US military action in Iran. Four

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<v Speaker 1>Republicans crossed party lines to vote with Democrats to require

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<v Speaker 1>congressional roval for this war, and we got reaction from

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<v Speaker 1>North Carolina Republican Senator Ted.

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<v Speaker 4>Budd anytime you pass a war powers resolution, as we've

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<v Speaker 4>seen pop through the House or the Senate at any

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<v Speaker 4>particular time in the last several weeks, it weakens the

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<v Speaker 4>President's hands, which is really putting our war fighters in danger.

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<v Speaker 4>We want to end this quickly, and so we need

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<v Speaker 4>to present a unified strength or unified front and full strength,

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<v Speaker 4>and that way we can win more quickly. Anytime they

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<v Speaker 4>see us fractured internally, our opponents will use that to

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<v Speaker 4>their advantage, which hurts our men and women in uniform.

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<v Speaker 1>That is North Carolina Republican Senator Ted Budd speaking on

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<v Speaker 1>bloomberg'spealance of Power. The US and Saudi Arabia have finalized

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<v Speaker 1>a deal on sharing nuclear technology, and President Trump says

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<v Speaker 1>this agreement depends on Saudi Arabia normalizing ties with Israel

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<v Speaker 1>by joining the Abraham Accords. On social media, Trump said

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<v Speaker 1>there will also be no enrichment of nuclear material here,

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<v Speaker 1>is White House Press Secretary Caroline Levitt.

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<v Speaker 5>This agreement, in particular, as it's been discussed thus far,

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<v Speaker 5>does give priority access for American companies in the Saudi

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<v Speaker 5>nuclear energy program, which will ultimately benefit American industry workers

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<v Speaker 5>in supply chains. So the deal that has been discussed

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<v Speaker 5>thus far and will continue to be discussed, absolutely puts

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<v Speaker 5>America first, and that's obviously very important to this president.

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<v Speaker 1>Now, this agreement has raised concern about lack of guardrails

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<v Speaker 1>to prevent riod from enriching uranium to weapons grade. Tonight,

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<v Speaker 1>there was a United Nations town hall and a debate

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<v Speaker 1>featuring six candidates, all vying to become the next UN

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<v Speaker 1>Secretary General. Here is Bloomberg's Magdalena del Vae.

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<v Speaker 6>The biggest challenge for the next leader of the UN

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<v Speaker 6>is that there's so many challenges and so many countries

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<v Speaker 6>that they have to deliver for because the reason this

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<v Speaker 6>job is a thinkless task is that you're trying you

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<v Speaker 6>have to please everyone. You have one hundred and ninety

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<v Speaker 6>three countries that you're trying to work for and work with.

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<v Speaker 6>But you know, a lot of these countries are enemies.

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<v Speaker 6>A lot of these countries are in conflict with one another,

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<v Speaker 6>and so it's a possible to keep everybody happy all

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<v Speaker 6>the time.

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<v Speaker 1>That was Bloomberg's Magdalena del Vae. Now, the next Secretary

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<v Speaker 1>General will need to secure nine of the fifteen votes

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<v Speaker 1>in the Security Council without a veto from any of

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<v Speaker 1>the five permanent members. The Department of Justice has dropped

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<v Speaker 1>subpoenas of New York Times reporters whose stories detailed security

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<v Speaker 1>concerns over Cutter's donation of a seven forty seven jumbo

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<v Speaker 1>jet to President Trump for his use as Air Force one.

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<v Speaker 1>A federal judge cited profound First Amendment issues. The judge

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<v Speaker 1>also said investigators should have exhausted other sources of information

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<v Speaker 1>before issuing subpoenas to the press. Those subpoenas, incidentally, are

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<v Speaker 1>now null and void, and the judge said if prosecutors

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<v Speaker 1>want to reissue them, they'll have to come to court first.

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<v Speaker 1>SpaceX has started to turn away satellite operators looking for

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<v Speaker 1>dedicated trips to orbit. We are told the company is

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<v Speaker 1>not taking future reservations for its Falcon nine ride share program.

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<v Speaker 1>That's where multiple satellite operators hitch a ride to orbit

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<v Speaker 1>on a single rocket. Earlier today, SpaceX delayed the next

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<v Speaker 1>major test flight of its Starship rocket. It had been

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<v Speaker 1>set for Thursday evening, but due to unfavorable weather, the

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<v Speaker 1>launch was rescheduled for Friday now. Last Thursday, SpaceX scrubbed

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<v Speaker 1>a test flight just as its rocket was set to

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<v Speaker 1>lift off after plumes of smoke erupted around the launch tower.

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<v Speaker 1>Tomorrow's scheduled launch will be the thirteenth test flight of Starship,

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<v Speaker 1>but the first since the SpaceX IPO in June, when

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<v Speaker 1>the company raised some eighty six billion dollars. In today's

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<v Speaker 1>stock market session, shares in SpaceX gained two point six

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<v Speaker 1>percent to one hundred eighteen dollars twenty four cents. That's

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<v Speaker 1>below the IPO price of one hundred thirty five dollars.

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<v Speaker 1>And that is news when you want it with Bloomberg News. Now,

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<v Speaker 1>I'm Doug Prisoner, and this is Bloomberg