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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with new tensions in the Caribbean. The

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Speaker 3: Cuban Coastguard has shot and killed four people on a

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Speaker 3: speedboat registered in Florida. Cuba's government says the ten armed

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Speaker 3: people on board were Cubans living in the US who

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Speaker 3: plan to enter the country to fight the government. Secretary

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Speaker 3: of State Marco Rubio says the US will conduct its

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Speaker 3: own investigation.

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Speaker 4: It is highly.

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Speaker 5: Unusual to see shootouts an open sea like that. It's

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Speaker 5: not something that happens every day. It's something, frankly that

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Speaker 5: hasn't happened with Cuba in a very long time. But

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Speaker 5: we're going to find out. We're not going to base

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Speaker 5: our conclusions on what they've told US.

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Speaker 3: Secretary of State Rubio spoke to reporters last night, and

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Speaker 3: we get more from Bloomberg Deputy Washington Bureau Chief Laura Davison.

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Speaker 6: Is this hitting at a really moment between US and

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Speaker 6: Cuba tensions. You know that there's been a US embargo

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Speaker 6: of oil to Cuba for several weeks now, and the

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Speaker 6: island is really facing an economic crisis, as there's a

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Speaker 6: major energy shortages and the country is essentially running out

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Speaker 6: of money.

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Speaker 3: Bloomberg's Lord Davison reports. Cuba's Interior Ministry says the US

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Speaker 3: flag boat opened fire on Cube and security forces within

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Speaker 3: one nautical mile of the province of Via Clara. A

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Speaker 3: US official told The New York Times the people on

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Speaker 3: the vessel were trying to get relatives out of Cuba,

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Speaker 3: and no US Navy or Coastguard ships were involved.

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Speaker 2: Let's get you some new developments in the Middle East.

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Speaker 7: Nathan.

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Speaker 2: US and Iranian officials are meeting in Geneva today for

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Speaker 2: the latest round of nuclear talks, and we get the

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Speaker 2: very latest with the Bloomberg Middle East correspondent Jumana Bursechi.

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Speaker 8: There's a glimmer of hope. The fact that these negotiations

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Speaker 8: are going ahead is perhaps a positive sign. I will

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Speaker 8: tell you that expectations are very, very low in terms

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Speaker 8: of securing a breakthrough. But the US has been applying

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Speaker 8: a lot of pressure on Iran the last couple of days,

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Speaker 8: not just with that huge military build up, all of

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Speaker 8: the verbal comments from presidential He even mentioned Iran in

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Speaker 8: the State of the Union and the latest round of

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Speaker 8: sanctions and some of those entities that are linked to

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Speaker 8: Iran as well in the last twenty four hours. So

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Speaker 8: there is a lot of pressure on Iran to come

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Speaker 8: to the table and agree to some form of a

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Speaker 8: diplomatic resolution with the US.

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Speaker 2: And bloomergeddermana Burstchi says, Taran's priority in the talks is

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Speaker 2: the lifting of sanctions that have hobbled its economy.

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Speaker 4: Well.

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Speaker 3: Kaar in the US is vowing to maintain high tariffs

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Speaker 3: on China, hours after Beijing warned against any future hikes.

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Speaker 3: US trade representative Jamison Grier says President Trump wants to

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Speaker 3: keep tariffs on China steady at a range of thirty

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Speaker 3: five to fifty percent.

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Speaker 7: Overall.

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Speaker 3: The US has imposed a one hundred and fifty to

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Speaker 3: eight ten percent global tariff. Following the Supreme Court defeat

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Speaker 3: for the president, Greer tells Bloomberg, the President wants to

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Speaker 3: bump up that tariff.

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Speaker 9: Right, We'll put out a supplemental proclamation that the President

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Speaker 9: will sign going to fifteen percent where appropriate. Remember, before

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Speaker 9: the Supreme Court struck down the tariffs, a lot of

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Speaker 9: these countries had agreed to have US tariffs on them

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Speaker 9: of eighteen percent, nineteen percent, twenty percent, so going up

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Speaker 9: to fifteen percent for them, at least temporarily, it's better

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Speaker 9: than the deal that they had.

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Speaker 3: US Trade reb Jamison Grier says President Trump will be

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Speaker 3: in Beijing at the end of next month to discuss

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Speaker 3: extending the tariff truce with China. Get the full conversation

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Speaker 3: on the new Bloomberg video Hub. It's at Bloomberg dot

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Speaker 3: com slash Videos.

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Speaker 2: Now, let's get to the latest on the Jeffrey Epstein scandal. Nathan.

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Speaker 2: Former President Bill Clinton, and former Secretary of State Hillary

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Speaker 2: Clinton are set to face questioning from lawmakers about donations

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Speaker 2: to the Clinton Foundation boosted by Epstein and Bloomberg. Amy

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Speaker 2: Morris has more from Washington.

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Speaker 7: The Clintons are expected to testify before a House panel

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Speaker 7: over the coming two days. They'll be sworn in, they

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Speaker 7: have to answer questions under oath, and they initially refuse

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Speaker 7: to appear. They finally agreed after months of negotiations. House

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Speaker 7: Oversight Committee chair James Comer says, they have a lot

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Speaker 7: of questions.

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Speaker 3: One of the questions that we all have in both

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Speaker 3: parties is how was Jeffrey Epstein able to surround himself

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Speaker 3: with the most powerful people.

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Speaker 8: In the world.

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Speaker 7: House Oversight Panel Democrats will brief the media after those depositions.

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Speaker 7: The Clintons say they're being selectively prosecuted by Republicans on

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Speaker 7: that committee in Washington, Amy Morris, Bloomberg Radio.

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Speaker 3: Right, Amy, thank you. Separately, the Justice Department says it'll

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Speaker 3: look into whether it improperly withheld documents from its Epstein files.

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Speaker 3: That announcement comes after several news organizations reported that records

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Speaker 3: involving uncorroborated accusations from a woman against President Trump were

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Speaker 3: not among those released to the public.

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Speaker 2: Well, let's turn to the markets now, Nathan, where a

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Speaker 2: rally in stocks is stalling following in Vidia's latest sales forecast.

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Speaker 2: The dominant maker of artificial intelligence processors did deliver profit

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Speaker 2: and first quarter outlooks that easily beat analyst estimates. The

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Speaker 2: chipmaker said fiscal first quarter revenue will be about seventy

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Speaker 2: eight billion dollars, and that was more than five billion

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Speaker 2: dollars above the average analyst estimate, but it did fall

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Speaker 2: shy of some of the loftiest projections. Matthew Bloxham covers

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Speaker 2: in Vidia for Bloomberg Intelligence.

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Speaker 10: In isolation, it is a great number and it's really

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Speaker 10: strong growth here on you, but I think you have

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Speaker 10: to put it in the context of where Nvidia is

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Speaker 10: right now in terms of the overall market perceptions and

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Speaker 10: where the share price assistian It's a four point seven

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Speaker 10: something trillion dollar company. There's a huge amount of forward

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Speaker 10: growth baked into the share price, and these numbers, even

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Speaker 10: though they on paper beat the average analyst expectation, I

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Speaker 10: think that the whisper numbers. So if you like, we're

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Speaker 10: kind of higher.

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Speaker 2: And Bloomberg Intelligence is Matthew Bloxham says in video, still

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Speaker 2: faces uncertainty in China. For now, the company will continue

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Speaker 2: to exclude data center revenue and China from its forecast,

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Speaker 2: and right now, shares of Nvidia more than one and

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Speaker 2: a half percent in early trading.

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Speaker 3: Well software stocks could be under pressure once again this morning. Karen,

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Speaker 3: following earnings from another former high flyer, Bloomberg's John Tucker,

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Speaker 3: joins us with more that John.

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Speaker 11: And Salesforce gave a lukewarm outlook for sales growth. Nathan,

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Speaker 11: the leading maker of customer management software or software as

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Speaker 11: a service SaaS, Salesforce has become a poster child for

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Speaker 11: Wall Street worries about the impact of AI. The company

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Speaker 11: says revenue is going to be about forty six billion

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Speaker 11: dollars in the new fiscal year. That forecast is aligned

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Speaker 11: with analyst estimas, but it is not impressing investors. Shares

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Speaker 11: are down close to four percent pre market, and the CEO,

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Speaker 11: Mark Benioff, he doesn't sound too worried. He says this

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Speaker 11: is not our first SaaS apocalypse, as he puts it.

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Speaker 11: On the San Francisco based company shares, they're down about

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Speaker 11: twenty seven percent this year, alongside competitors like into It,

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Speaker 11: Workday and Service Now you know, New York Time, John Tucker, Bloomberg.

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Speaker 2: Radio, Ry John, thank you, and up programming. Note. The

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Speaker 2: markets may pause for the weekend, but the world does not,

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Speaker 2: and that's why we're bringing you a new radio and

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Speaker 2: TV show, Bloomberg This weekend is looking beyond the daily

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Speaker 2: headlines to the bigger things driving politics, business and culture.

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Speaker 2: Joined David Gura, Christina Raffini, and Lisa Matteo for smart

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Speaker 2: conversations and in depth interviews that help make sense of

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Speaker 2: the week that's been and what comes next. Saturdays and

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Speaker 2: Sundays from seven am Eastern on Bloomberg Radio, TV and

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Speaker 2: the Bloomberg Business App. Time now for a look at

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Speaker 2: some of the other stories making news in New York

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Speaker 2: and around the world. And from now we're joined by

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Speaker 2: Bloomberg's and Michael Barr. Michael, Good Morning, Good morning, Karen.

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Speaker 12: There are more calls for Republican Congressman Tony Gonzales of

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Speaker 12: Texas to step down. It comes a bit questions about

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Speaker 12: whether he had an extra maarital affair with a staffer

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Speaker 12: who died by suicide last year. Fellow Republican Florida Congresswoman

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Speaker 12: Anna Paulina Luna, I think.

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Speaker 1: That Tony Gonzales should not be seeking re election.

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Speaker 4: I think that this is a gross reflection of everything

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Speaker 4: wrong with Washington, and it's not just on the Republican side.

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Speaker 7: It happens on the Democrat side.

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Speaker 1: And I'm thinking about potentially bringing forward to centure next

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Speaker 1: week for Tony Gonzalez.

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Speaker 12: A congressman, said he had no plans to resign following

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Speaker 12: a meeting with out speaker Monk Johnson. Last week's deadly

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Speaker 12: shooting during a youth hockey game in Rhode Island has

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Speaker 12: claimed a third life, whose daughter and grandson were also killed.

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Speaker 12: Pawtucket police say Gerald Dorgan, who had been in critical condition,

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Speaker 12: has died from his injuries. The mayor of Pawtucket says

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Speaker 12: we are heartbroken to learn that another life has been

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Speaker 12: lost as a result of last Monday's senseless shooting at

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Speaker 12: Lynch Arena. The NYPD continues to investigate a huge snowball

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Speaker 12: fight at Washington Square Park in Manhattan Sunday, where officers

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Speaker 12: were seen being pelted with snowballs. City Police Commissioner Jessica

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Speaker 12: Tish called the behavior disgraceful and criminal, am vowed to

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Speaker 12: continue the investigation. New York Mayor zoron Mumdani says he

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Speaker 12: has no plans to limit organize snowball fights within the city,

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Speaker 12: but says he has seen the videos.

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Speaker 4: You know, I've said time and time again that I

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Speaker 4: having seen these videos. To me, it was a snowball

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Speaker 4: fight that got out of hand and it should be

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Speaker 4: treated accordingly.

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Speaker 12: Mayor Mam Donnie says he appreciates the NYPD's work during

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Speaker 12: the winter weather. Celebration of life services begin today in

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Speaker 12: Chicago for civil rights activists and former presidential candidate the

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Speaker 12: Reverend Jesse Jackson. Jackson, who died on February seventeenth at

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Speaker 12: age eighty four. Will Lion repose at Rainbow Push Headquarters

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Speaker 12: through tomorrow, Global News twenty four hours a day and

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Speaker 12: whenever you want it with Bloomberg News Now. I'm Michael Barr,

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Speaker 12: and this is Bloomberg Kevin.

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Speaker 2: Thanks Michael. A time now for our Bloomberg Sports Update,

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Speaker 2: and for that we bring in John stash Hour.

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Speaker 13: Thanks Darren Marty gave me the NBA Oklahoma City at

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Speaker 13: Detroit that got the two best records. The Thunder played

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Speaker 13: without five of their six top scorers and the Pistons

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Speaker 13: won one twenty four to one. Sixteen. Jalen Durham Keen

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Speaker 13: Cuttingham both scored twenty nine points. Tenth straight win for

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Speaker 13: San Antonio, who's only two games behind the Thunder. The

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Speaker 13: Spurs won in Toronto. James Harden it was just traded

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Speaker 13: to Cleveland as a broken thumb. He could be out

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Speaker 13: for a while. College basketball on the Big East, Yukon

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Speaker 13: blew out Saint John seventy two to forty. That's Bloomberg

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Speaker 13: Sports Update.

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Speaker 2: Stay with us. More from Bloomberg Day Break coming up

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Speaker 2: after this.

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Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Sirius XM

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Speaker 1: and around the world on Bloomberg dot com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. The earning story of the

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Speaker 3: week is in the books, but the reaction to Nvidia's

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Speaker 3: latest results may still be being told. The AI chip

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Speaker 3: giant did deliver a first quarter outlook that easily beat

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Speaker 3: the average Wall Street estimate, but some of the most

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Speaker 3: bullish investors in the AI arms race may have been

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Speaker 3: left a little bit less than impressed. Joining us now

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Speaker 3: is someone who's very bullish on the AI story. Dan Ives,

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Speaker 3: Global head of Tech Research at Webbush Securities. So the

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Speaker 3: top line number seventy three percent sales game in the

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Speaker 3: quarter to sixty eight point one billion dollars in the

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Speaker 3: projection for this quarter seventy eight billion, the stock is

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Speaker 3: kind of moving a little bit higher. Your reaction to

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Speaker 3: the numbers, Dan, good morning.

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Speaker 4: Yeah, great to be here. Look, I think they were

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Speaker 4: stunning numbers. And if you look especially data center and

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Speaker 4: demand seventy five percent growth. Look, I think there's a

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Speaker 4: stock that's up three to five percent today, you know,

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Speaker 4: And I think it's one where you talk about some

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Speaker 4: of the AI bubble fears. You look at what they

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Speaker 4: put together, this speaks to really a cappec supercycle that

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Speaker 4: that's even accelerating more in the street expected. That's going

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Speaker 4: to be a huge positive for the rest of tech.

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Speaker 4: And the knee jerk reaction here is very underestimated in

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Speaker 4: terms of writing the stock and the tech's going to

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Speaker 4: do from this.

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Speaker 3: So why do you think that we're not seeing that

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Speaker 3: kind of more bullish reaction that you think this stock

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Speaker 3: should show up in it.

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Speaker 4: Look, we're in what I call it an AI ghost trade.

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Speaker 4: I mean, it's been very name negative sentiment that we've

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Speaker 4: seen over the last month, you know, especially from anthropic

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Speaker 4: some of the caud worries. And I think right now

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Speaker 4: this is a guilty to a proven as in tech market.

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Speaker 4: But when you look at these numbers and you look

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Speaker 4: at cappacs and the story it's telling, it's that if

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Speaker 4: you think about this is called second third inning of

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Speaker 4: the AI revolution, markets treating it like it's seventh eighth inning,

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Speaker 4: And I think that is the key here. You mean,

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Speaker 4: you've talked about this over the years, and under knee

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Speaker 4: jerk reactions, you go through these sort of roles. That's

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Speaker 4: what we're going through. The numbers speak for themselves.

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Speaker 3: Well, of course, the number that still hangs over this story,

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Speaker 3: six hundred and fifty billion dollars from the hyperscalers on

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Speaker 3: cap backs. Did Jensen Wong, the CEO, do enough in

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Speaker 3: the call to assure investors that that kind of spending

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Speaker 3: from its own customers is going to pay off for them.

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Speaker 4: Yeah, I think, But I mean he did an excellent

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Speaker 4: job talking about how the cap beex is going to

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Speaker 4: pay for Nvidia. What that means that this next phase specifically,

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Speaker 4: not just Blackwell but Rubin and I think you'll hear

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Speaker 4: more about that, you know, a GtC in mid March. Look,

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Speaker 4: I think if there's a blemish, it's the continued theme.

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Speaker 4: China is basically a goose egg right now because of

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Speaker 4: the restrictions investors want to see China. Ultimately that become

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Speaker 4: what I believe could be. You know, when you think

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Speaker 4: about the acceperation, a incremental five percent growth for a video,

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Speaker 4: but right now that's in the hands of the government

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Speaker 4: given the restrictions.

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Speaker 3: In our last minute, Dan, we also got results from

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Speaker 3: a salesforce kind of a disappointing revenue forecast there. What

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Speaker 3: does that mean for the software story going forward?

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Speaker 4: We saw yes workday that was down and then ultimately

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Speaker 4: ended up up. I think Salesforce. I think this is

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Speaker 4: actually a great conference called by Benning. Look the AI's

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Speaker 4: aheadwind in the near term, but this will be a

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Speaker 4: tow in Ne're turning it around. And I think when

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Speaker 4: he laid out in terms of the Girl strategy should

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Speaker 4: put in the investors at ease. And I think you

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Speaker 4: combine now with Nvidia and it starts to fight the

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Speaker 4: AI ghost trade, which has been to black Cloud for Microsoft,

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Speaker 4: for Oracle to overall software.

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