1
00:00:01,360 --> 00:00:03,840
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:03,880 --> 00:00:07,200
Speaker 1: Doug Krisner. We begin in Las Vegas at the Consumer

3
00:00:07,280 --> 00:00:11,480
Speaker 1: Electronics Show. That's where Nvidia CEO Jensen Wong announced the

4
00:00:11,680 --> 00:00:16,840
Speaker 1: updated g Force graphic processors for gaming PCs. These processors

5
00:00:16,960 --> 00:00:20,920
Speaker 1: use the same Blackwell design as in Vidia's AI accelerators.

6
00:00:21,239 --> 00:00:22,279
Speaker 1: Here is Jensen Wong.

7
00:00:22,440 --> 00:00:25,040
Speaker 2: Well, the amount of computation that we need, of course,

8
00:00:25,200 --> 00:00:27,960
Speaker 2: is incredible, and we would like, in fact, we would like,

9
00:00:28,040 --> 00:00:30,440
Speaker 2: in fact that society has the ability to scale the

10
00:00:30,440 --> 00:00:34,239
Speaker 2: amount of computation to produce more and more novel and

11
00:00:34,320 --> 00:00:37,840
Speaker 2: better intelligence. Intelligence, of course is the most valuable asset

12
00:00:37,880 --> 00:00:39,880
Speaker 2: that we have, and it can be applied to solve

13
00:00:39,880 --> 00:00:42,840
Speaker 2: a lot of very challenging problems, and so scaling law

14
00:00:43,040 --> 00:00:46,479
Speaker 2: it's driving enormous demand for in Nvidia computing. It's driving

15
00:00:46,520 --> 00:00:50,400
Speaker 2: an enormous demand for this incredible chip we call Blackwell.

16
00:00:50,840 --> 00:00:54,639
Speaker 1: That's in Nvidia CEO Jensen Wong. Incidentally, he'll be our

17
00:00:54,640 --> 00:00:58,440
Speaker 1: guest tomorrow for a special edition of Bloomberg Technology. Things

18
00:00:58,480 --> 00:01:02,800
Speaker 1: start at eleven thirty AI Wall Street time. In Canada,

19
00:01:03,000 --> 00:01:06,280
Speaker 1: Justin Trudeau will be stepping down as Canadian Prime Minister

20
00:01:06,360 --> 00:01:09,080
Speaker 1: in the coming months. This move has triggered a leadership

21
00:01:09,160 --> 00:01:13,160
Speaker 1: contest for the Liberal Party. Now several high profile candidates

22
00:01:13,160 --> 00:01:16,400
Speaker 1: are likely to run. They include former Finance Minister Christian

23
00:01:16,480 --> 00:01:19,400
Speaker 1: Freeland and Mark Carney, the former governor of the Bank

24
00:01:19,440 --> 00:01:21,560
Speaker 1: of Canada as well as the former governor of the

25
00:01:21,560 --> 00:01:24,759
Speaker 1: Bank of England, and Carney is saying he is considering

26
00:01:24,800 --> 00:01:27,920
Speaker 1: a run for leadership. Carney is chair right now of

27
00:01:28,000 --> 00:01:31,640
Speaker 1: Brookfield Asset Management. He is also chair of Bloomberg Inc.

28
00:01:32,000 --> 00:01:35,840
Speaker 1: The holding company of Bloomberg Media. Nipon Steel and US

29
00:01:35,880 --> 00:01:38,840
Speaker 1: Steel have jointly filed a pair of lawsuits to save

30
00:01:38,920 --> 00:01:42,319
Speaker 1: their planned merger. These companies claim President Biden's order to

31
00:01:42,319 --> 00:01:45,440
Speaker 1: block the deal was made purely for political reasons, and

32
00:01:45,480 --> 00:01:48,640
Speaker 1: they say the Committee on Foreign Investment in the US

33
00:01:48,800 --> 00:01:52,600
Speaker 1: failed to consider the deal on national security grounds. Nipon

34
00:01:52,760 --> 00:01:57,200
Speaker 1: chairman and CEO Aiji Hashimoto said Nipon and us Deal

35
00:01:57,240 --> 00:02:00,400
Speaker 1: are focused on pursuing the deal in its current frame work.

36
00:02:00,800 --> 00:02:04,840
Speaker 1: The US Department of Defense has blacklisted ten Cent Holdings

37
00:02:04,960 --> 00:02:09,359
Speaker 1: and contemporary Amperex Technology for their alleged links to the

38
00:02:09,440 --> 00:02:13,400
Speaker 1: Chinese military. Now, the blacklisting could escalate tensions between the

39
00:02:13,520 --> 00:02:17,400
Speaker 1: US and China. It may also impact American firms dealings

40
00:02:17,440 --> 00:02:22,000
Speaker 1: with these listed companies, although no specific sanctions have been imposed.

41
00:02:22,400 --> 00:02:23,959
Speaker 1: Here is Bloomberg's midmn low.

42
00:02:24,160 --> 00:02:26,600
Speaker 3: So this blacklist was first created back in late twenty

43
00:02:26,680 --> 00:02:30,440
Speaker 3: twenty when then President Donald Trump had wanted to stop

44
00:02:30,520 --> 00:02:34,200
Speaker 3: US investments into any companies that are controlled or owned

45
00:02:34,200 --> 00:02:36,360
Speaker 3: by the Chinese military. And it looks like now the

46
00:02:36,400 --> 00:02:39,680
Speaker 3: Department of Defense is listing a number of additional companies

47
00:02:39,680 --> 00:02:43,200
Speaker 3: in that blacklist, including ten Cent, which is a social

48
00:02:43,240 --> 00:02:46,440
Speaker 3: media and gaming company, as well as drawne Maker or

49
00:02:46,520 --> 00:02:49,600
Speaker 3: tel Robotics, as well as COTL. The battery made it

50
00:02:49,720 --> 00:02:50,040
Speaker 3: That is.

51
00:02:49,960 --> 00:02:53,760
Speaker 1: Bloomberg's midmn low. Now, both companies have denied any ties

52
00:02:53,800 --> 00:02:57,560
Speaker 1: to the Chinese military and have protested their inclusion on

53
00:02:57,639 --> 00:03:01,639
Speaker 1: the US blacklist. Shares in both ten Sent and Catl

54
00:03:01,919 --> 00:03:06,680
Speaker 1: moved lower. Bridgewater Associates has dismissed seven percent of its workforce.

55
00:03:06,800 --> 00:03:09,919
Speaker 1: The world's largest hedge fund, is seeking to remain lean

56
00:03:10,480 --> 00:03:14,040
Speaker 1: and maintain its flexibility in hiring top talent. We are

57
00:03:14,080 --> 00:03:17,560
Speaker 1: told these cuts have effected around ninety employees. A New

58
00:03:17,639 --> 00:03:20,880
Speaker 1: York judge has rejected a request from Donald Trump's legal

59
00:03:20,919 --> 00:03:24,639
Speaker 1: team to postpone sentencing in his New York hush money trial.

60
00:03:24,960 --> 00:03:27,640
Speaker 1: Trump's lawyers had argued the case would harm his ability

61
00:03:27,680 --> 00:03:30,679
Speaker 1: to serve as president. They also claim some evidence was

62
00:03:30,720 --> 00:03:33,840
Speaker 1: improperly presented to the jury, but the judge found their

63
00:03:33,960 --> 00:03:37,480
Speaker 1: arguments to be repetitive. The sentencing hearing is on track

64
00:03:37,520 --> 00:03:42,000
Speaker 1: for January tenth. Earlier today, Congress certified Donald Trump's presidential

65
00:03:42,040 --> 00:03:46,640
Speaker 1: election victory without dispute, and with his defeated Democratic opponent,

66
00:03:46,720 --> 00:03:48,880
Speaker 1: Kamala Harris, presiding.

67
00:03:48,480 --> 00:03:54,280
Speaker 4: I do believe very strong that America's democracy is only

68
00:03:54,320 --> 00:03:59,040
Speaker 4: as strong as our willingness to fight for it, every

69
00:03:59,080 --> 00:04:04,680
Speaker 4: single person, their willingness to fite for and respect the

70
00:04:04,720 --> 00:04:06,160
Speaker 4: importance of our democracy.

71
00:04:06,320 --> 00:04:09,840
Speaker 1: Vice President Kamala Harris there now. Today's certification resumed a

72
00:04:09,960 --> 00:04:13,520
Speaker 1: ritual of American democracy, and it comes four years to

73
00:04:13,720 --> 00:04:17,320
Speaker 1: the day after a mob attacked the US capital. Harris

74
00:04:17,320 --> 00:04:20,599
Speaker 1: did allude to the insurrection in her remarks, emphasizing the

75
00:04:20,640 --> 00:04:24,640
Speaker 1: importance of the peaceful transfer of power. President Electrump is

76
00:04:24,680 --> 00:04:27,960
Speaker 1: denying a report that he might moderate plans for those

77
00:04:28,040 --> 00:04:31,560
Speaker 1: across the board tariffs. Earlier today, the Washington Post reported

78
00:04:31,600 --> 00:04:35,159
Speaker 1: Trump aids were exploring plans for limited tariffs applied to

79
00:04:35,279 --> 00:04:39,000
Speaker 1: all countries, but only to critical imports. Well, then on

80
00:04:39,040 --> 00:04:42,800
Speaker 1: truth Social Trump said the story is wrong. Here's Bloomberg's

81
00:04:42,839 --> 00:04:43,960
Speaker 1: Tyler Kendall.

82
00:04:44,320 --> 00:04:46,600
Speaker 5: Here in Washington. I think the reaction would be that

83
00:04:46,680 --> 00:04:52,479
Speaker 5: it's really maybe working towards appearing appeasing to some Republicans

84
00:04:52,480 --> 00:04:56,640
Speaker 5: who had previously expressed concerns with President Electrump's terror plans.

85
00:04:56,680 --> 00:05:00,919
Speaker 5: Think Midwest Republican centers Mike Grounds were even or John Thune,

86
00:05:00,960 --> 00:05:04,080
Speaker 5: the incoming Senate Majority leader, He had express concerns with

87
00:05:04,200 --> 00:05:06,400
Speaker 5: Trump's tariff policies, and that was actually one of the

88
00:05:06,440 --> 00:05:10,279
Speaker 5: sticking points when he was trying to become Senate Majority

89
00:05:10,320 --> 00:05:13,120
Speaker 5: leader and didn't outright get President Trump's backing.

90
00:05:13,160 --> 00:05:16,320
Speaker 1: Bloomberg's Tyler Kendall there in Washington. Now, the plans for

91
00:05:16,360 --> 00:05:20,000
Speaker 1: those tariffs could also face legal challenges, and that is

92
00:05:20,040 --> 00:05:22,279
Speaker 1: news when you want it with Bloomberg News. Now, I'm

93
00:05:22,320 --> 00:05:24,040
Speaker 1: dereg prisoner, and this is Bloomberg