WEBVTT - SpaceX Eyes Record Valuation, Dimon: Europe Has a Problem, More

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

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<v Speaker 1>med Kleggy. SpaceX is preparing to sell insider shares at

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<v Speaker 1>a transaction that would value Elon Musk's rocket and satellite

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<v Speaker 1>maker at as much as eight hundred billion dollars. This

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<v Speaker 1>from people familiar with the matter, reclaiming the title of

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<v Speaker 1>the world's most valuable private company. The details discussed by

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<v Speaker 1>SpaceX's board of directors on Thursday at its Star Base

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<v Speaker 1>hub in Texas, could change based on interest from insiders,

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<v Speaker 1>sellers and buyers, or other factors. This from some of

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<v Speaker 1>the people, who asked not to be identified as the

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<v Speaker 1>information is not public. SpaceX is also exploring a possible

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<v Speaker 1>initial public offering as soon as late next year. Elon

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<v Speaker 1>Musk on Saturday denied that SpaceX is raising money at

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<v Speaker 1>an eight hundred billion dollar valuation, without addressing Bloomberg's reporting

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<v Speaker 1>on the planned offering of insiders shares. JP Morgan Chase

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<v Speaker 1>chief executive officer Jamie Diamond called out slow bureaucracy in

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<v Speaker 1>Europe in a warning that a weak continent poses a

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<v Speaker 1>major economic risk to the year. He says, Europe has

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<v Speaker 1>a problem.

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<v Speaker 2>Europe has a problem. I think they accomplished an unbelievable

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<v Speaker 2>thing with when they euro got together the East and

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<v Speaker 2>they said, you know, let's live in peace. So living

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<v Speaker 2>in piece is a good thing. But it got bogged down.

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<v Speaker 2>It takes twenty seven nations, you know, to make a decision.

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<v Speaker 2>They let their military drop dramatically. It's very bureaucratically.

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<v Speaker 1>Diamond went on to say Europe has driven business out,

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<v Speaker 1>They've driven investment out, they've driven innovation out. Diamond, leader

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<v Speaker 1>of the biggest US bank, has long said that the

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<v Speaker 1>risk of a fragmented Europe is among the major challenges

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<v Speaker 1>facing the world. Apple, long the model of stability in

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<v Speaker 1>Silicon Valley, is suddenly undergoing its biggest personnel shake up

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<v Speaker 1>in decades, with senior executives and key engineers both hitting

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<v Speaker 1>the exits In just the past week. Apple's heads of

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<v Speaker 1>artificial Intelligence and interface designs step down. Then the company

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<v Speaker 1>announced that its general counsel and head of governmental affairs

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<v Speaker 1>were leaving as well. All four executives have reported directly

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<v Speaker 1>to Chief executive Officer Tim Cook, marking an exceptional level

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<v Speaker 1>of turnover in Apples c suite. The leaders of France,

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<v Speaker 1>Germany and the UK will meet with Ukrainian President Voladimir

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<v Speaker 1>Zelenski in London Monday to discuss US efforts to reach

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<v Speaker 1>a peace deal after Russia carried out another round of

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<v Speaker 1>massive attacks. French President Immanuel Macrone announced the meeting on

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<v Speaker 1>Saturday in a post on social media in which he

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<v Speaker 1>condemned the latest strikes by Moscow on energy and rail

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<v Speaker 1>infrastructure in Ukraine. Macrohn' Zelenski, German Chancellor Friedrich Meers, and

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<v Speaker 1>British Prime Minister kir Starmer will assess the situation in

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<v Speaker 1>Ukraine and the ongoing negotiations involving the US. The US

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<v Speaker 1>said Friday its negotiators had agreed with Kiev on a

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<v Speaker 1>framework of security arrangements and discussed what deterrence capabilities were

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<v Speaker 1>needed as part of a deal to end the war

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<v Speaker 1>with Russia. However, there was little indication of a major breakthrough.

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<v Speaker 1>Arizona Senator Reuben Gego wants to use an employment based

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<v Speaker 1>visa program to draw more foreign investment into the US

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<v Speaker 1>housing market. Bloomberg's Amy Morris explains from Washington.

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<v Speaker 3>The idea is to boost the housing supply and reduce

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<v Speaker 3>housing costs while creating more jobs for American workers. Senator

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<v Speaker 3>Diego's plan aims to address the affordability crunch caused by

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<v Speaker 3>years of underbuilding and higher mortgage rates. Under the EB

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<v Speaker 3>five program, foreign nationals can obtain a legal permanent residence

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<v Speaker 3>status by investing in a new commercial enterprise in the

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<v Speaker 3>US and creating at least ten full time jobs. This

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<v Speaker 3>bill would extend that lower threshold to investment in housing

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<v Speaker 3>projects and expedite affordable housing applications in Washington. Amy Moore

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<v Speaker 3>as Bloomberg Radio.

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<v Speaker 1>We're learning more about how Netflix landed its deal to

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<v Speaker 1>buy Warner Brothers Discovery. Bloomberg's Monica Rix reports.

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<v Speaker 4>Netflix's plan for Warner Brothers reportedly started to take shape

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<v Speaker 4>around Thanksgiving. The streamer assembled a fifty nine billion dollar

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<v Speaker 4>bridge loan from banks to make a mostly cash and

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<v Speaker 4>stock bid, and sources tell Bloomberg its offer eventually one

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<v Speaker 4>thanks to doubts for Warner executives about how Paramount would

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<v Speaker 4>pay for the company. Now, Warner Brothers CEO David Zasla

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<v Speaker 4>is poised to become a billionaire if this deal closes,

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<v Speaker 4>but if it falls apart or fails to win regulatory approval,

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<v Speaker 4>Netflix has also agreed to pay a five point eight

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<v Speaker 4>billion dollar penalty. It's one of the biggest breakup fees

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<v Speaker 4>of all time. Monica Rix, Bloomberg Radio.

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<v Speaker 1>Toma Bravo founder and managing partner Orlando Bravo says the

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<v Speaker 1>rapid advancement of AI is stirring enormous anxiety among investors,

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<v Speaker 1>and the hype has triggered a fear of missing out

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<v Speaker 1>in private markets. Bravos spoke to Bloomberg's Danny Berger at

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<v Speaker 1>a Bloomberg New Voices event in Miami.

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<v Speaker 5>There are two big points that are always in every

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<v Speaker 5>headline regarding AI. One is things have changed, and two

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<v Speaker 5>things are moving really fast. When you, as an individual

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<v Speaker 5>an investor in anything, you hear those two terms, everything's

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<v Speaker 5>changing and everything's changing really fast, it creates enormous anxiety,

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<v Speaker 5>and that anxiety hits investors that are responsible for so

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<v Speaker 5>much capital really really hard.

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<v Speaker 1>Toma Bravo founder and managing partner Orlando Bravo. President Trump

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<v Speaker 1>ordered the Department of Justice and the Federal Trade Commission

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<v Speaker 1>and to investigate the US food supply chain for potential

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<v Speaker 1>price fixing and other anti competitive behavior to drive up

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<v Speaker 1>costs of goods such as meat, seeds, and fertilizer, especially

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<v Speaker 1>by foreign companies. Trump, in an executive order published Saturday,

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<v Speaker 1>said he ordered the Department and the FTC to establish

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<v Speaker 1>a task force dedicated to investigating any anti competitive behavior

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<v Speaker 1>and whether control of food related industries by foreign entities

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<v Speaker 1>pose a national security threat. That's news when you want

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<v Speaker 1>it with Bloomberg News. Now, I'm at Kleggi. This is

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<v Speaker 1>Bloomberg