1
00:00:01,240 --> 00:00:03,480
Speaker 1: News when you wanted with Bloomberg News and now I'm

2
00:00:03,480 --> 00:00:06,560
Speaker 1: Doug Chrisner. We begin in Texas, where a shooter opened

3
00:00:06,559 --> 00:00:10,639
Speaker 1: fire today on a US Immigration and Customs enforcement facility

4
00:00:10,680 --> 00:00:14,960
Speaker 1: in Dallas. One detainee was killed, two others were critically injured.

5
00:00:15,040 --> 00:00:18,480
Speaker 1: Now no one from law enforcement was hurt. Federal officials

6
00:00:18,520 --> 00:00:21,720
Speaker 1: described the shooting as a targeted attack. Here is Vice

7
00:00:21,800 --> 00:00:23,440
Speaker 1: President jd vance Well.

8
00:00:23,520 --> 00:00:27,280
Speaker 2: I would like everybody, whether a Democrat, a Republican, or

9
00:00:27,280 --> 00:00:31,120
Speaker 2: an independent, especially those in political leadership. Can we all

10
00:00:31,280 --> 00:00:35,239
Speaker 2: just agree that our police officers are heroes, that they

11
00:00:35,240 --> 00:00:38,639
Speaker 2: are public servants. And at the first and most important

12
00:00:38,680 --> 00:00:40,840
Speaker 2: step of keeping all of us safe.

13
00:00:40,960 --> 00:00:43,720
Speaker 1: That was Vice President jd vance There. Now, according to

14
00:00:43,760 --> 00:00:47,640
Speaker 1: senior law enforcement officials, the suspect has been identified as

15
00:00:47,760 --> 00:00:51,080
Speaker 1: Joshua John. He was found dead with a self inflicted

16
00:00:51,080 --> 00:00:55,680
Speaker 1: gunshot wound. This investigation is ongoing. The White House Budget

17
00:00:55,680 --> 00:01:00,000
Speaker 1: Office is instructing federal agencies to prepare reduction in forms

18
00:01:00,240 --> 00:01:04,120
Speaker 1: plans for mass firings during a possible government shutdown. We

19
00:01:04,200 --> 00:01:08,319
Speaker 1: are told a memo indicates the potential firings would specifically

20
00:01:08,400 --> 00:01:12,440
Speaker 1: target employees who work for programs that are not legally

21
00:01:12,520 --> 00:01:16,600
Speaker 1: required to continue. We moved to Business News next. Intel

22
00:01:16,800 --> 00:01:19,160
Speaker 1: is said to have asked Apple to make an investment

23
00:01:19,200 --> 00:01:21,120
Speaker 1: in the chip maker. We are told as part of

24
00:01:21,200 --> 00:01:24,640
Speaker 1: Intel's effort to bolster its business now that it's partially

25
00:01:24,680 --> 00:01:28,280
Speaker 1: owned by the US government. Here, as Bloomberg's Ryan Gould.

26
00:01:28,280 --> 00:01:30,680
Speaker 3: Apple doesn't need Intel, it's the other way around, and

27
00:01:30,720 --> 00:01:33,640
Speaker 3: so this is definitely an Intel story. But I think,

28
00:01:33,680 --> 00:01:35,760
Speaker 3: you know, to underline all of this, this is about

29
00:01:35,800 --> 00:01:37,640
Speaker 3: Intel being proactive, and you know, when you've got the

30
00:01:37,720 --> 00:01:40,240
Speaker 3: US government as one of your largest shareholders, I think

31
00:01:40,280 --> 00:01:42,800
Speaker 3: that's definitely a message that you would want to convey

32
00:01:43,360 --> 00:01:46,440
Speaker 3: to people watching on the outside, that now is the

33
00:01:46,480 --> 00:01:48,440
Speaker 3: time to get serious about our future.

34
00:01:48,440 --> 00:01:52,360
Speaker 1: Bloomberg's Ryan Gould there, Apple was a longtime Intel customer,

35
00:01:52,400 --> 00:01:55,240
Speaker 1: but the iPhone maker switched to its own processors in

36
00:01:55,280 --> 00:01:59,160
Speaker 1: the past five years, and analysts say it's unlikely Apple

37
00:01:59,200 --> 00:01:59,960
Speaker 1: would switch back.

38
00:02:00,320 --> 00:02:00,480
Speaker 4: Now.

39
00:02:00,480 --> 00:02:03,040
Speaker 1: Today's shares and Intel we're up six point four percent

40
00:02:03,120 --> 00:02:06,240
Speaker 1: for their part, Apple shares down eight ten to one percent.

41
00:02:06,680 --> 00:02:10,360
Speaker 1: Oracle sold eighteen billion dollars worth of US investment grade

42
00:02:10,360 --> 00:02:14,080
Speaker 1: bonds today. It's the corporate bond market's second largest deal

43
00:02:14,160 --> 00:02:17,480
Speaker 1: this year. Now the debt issuance comes as Oracle begins

44
00:02:17,520 --> 00:02:21,680
Speaker 1: to fulfill massive cloud infrastructure deals with customers like open

45
00:02:21,720 --> 00:02:25,400
Speaker 1: Ai and meta platforms. Here's Bloomberg's Ed Ludlow.

46
00:02:25,639 --> 00:02:29,440
Speaker 5: Oracle historically is a cash cow, just generated cash, but

47
00:02:29,520 --> 00:02:32,240
Speaker 5: that's really changed. You know, they've turned cash flow negative

48
00:02:32,520 --> 00:02:35,080
Speaker 5: this year for the first time since ninety ninety two,

49
00:02:35,120 --> 00:02:37,880
Speaker 5: and they are very committed to all these projects. So

50
00:02:37,919 --> 00:02:39,160
Speaker 5: they've got to find the cash from someone.

51
00:02:39,160 --> 00:02:40,320
Speaker 1: Bloomberg's Ed Ludlow.

52
00:02:40,360 --> 00:02:40,600
Speaker 6: There.

53
00:02:41,000 --> 00:02:44,640
Speaker 1: San Francisco Fedbank President Mary Daly says further cuts and

54
00:02:44,680 --> 00:02:47,840
Speaker 1: interest rates are likely needed. However, she said the Fed

55
00:02:47,919 --> 00:02:52,040
Speaker 1: should approach those with caution. More from Bloomberg's Charlie Pellett.

56
00:02:52,320 --> 00:02:55,920
Speaker 6: Daily's remarks came at an event at the University of Utah.

57
00:02:56,040 --> 00:02:59,760
Speaker 1: Now, my own view is that further policy adjustments are

58
00:02:59,840 --> 00:03:04,080
Speaker 1: like will they come right now this year?

59
00:03:04,600 --> 00:03:05,520
Speaker 4: Are going forward?

60
00:03:05,840 --> 00:03:06,760
Speaker 5: It's hard to say.

61
00:03:06,919 --> 00:03:10,320
Speaker 6: Daily ads that inflation has accelerated less than she and

62
00:03:10,360 --> 00:03:14,160
Speaker 6: her colleagues expected, and that price pressures have been mainly

63
00:03:14,200 --> 00:03:18,359
Speaker 6: confined to parts of the economy directly impacted by tariffs.

64
00:03:18,400 --> 00:03:19,080
Speaker 6: In New York.

65
00:03:19,240 --> 00:03:23,200
Speaker 1: Charlie Pellett Bloomberg Radio, the US is intending to provide

66
00:03:23,240 --> 00:03:27,160
Speaker 1: a twenty billion dollar swap line to Argentina Central Bank,

67
00:03:27,560 --> 00:03:29,720
Speaker 1: and at the same time, the US is ready to

68
00:03:29,800 --> 00:03:35,160
Speaker 1: stand by and purchase Argentinian foreign bonds. US Treasury Secretary

69
00:03:35,200 --> 00:03:39,360
Speaker 1: Scott Besson said these moves would give Argentinian President Javi R.

70
00:03:39,440 --> 00:03:44,200
Speaker 1: Malay a bridge until key midterm elections next month.

71
00:03:44,920 --> 00:03:47,320
Speaker 4: I don't think the market has lost confidence in him.

72
00:03:47,520 --> 00:03:49,960
Speaker 4: I think the market is looking in the rearview mirror

73
00:03:50,320 --> 00:03:53,200
Speaker 4: and is looking at decades in not a century, a

74
00:03:53,440 --> 00:03:59,240
Speaker 4: terrible Argentinian mismanagement, and people were concerned, people were skittish.

75
00:03:59,280 --> 00:04:02,160
Speaker 4: It's very hard to believe that it is different this time,

76
00:04:02,360 --> 00:04:04,560
Speaker 4: but I believe will President Malay it is.

77
00:04:05,200 --> 00:04:08,360
Speaker 1: It is that is Treasury Secretary Scott Bessen speaking to

78
00:04:08,440 --> 00:04:12,400
Speaker 1: Fox Business. The Justice Department is reportedly working to obtain

79
00:04:12,600 --> 00:04:17,200
Speaker 1: criminal charges against former FBI director James Comy. The Wall

80
00:04:17,200 --> 00:04:20,680
Speaker 1: Street Journal reports prosecutors are seeking an indictment from a

81
00:04:20,720 --> 00:04:24,800
Speaker 1: federal grand jury in Virginia as soon as Thursday. Now.

82
00:04:24,800 --> 00:04:28,680
Speaker 1: This case involves allegations of Komy lying during twenty twenty

83
00:04:28,680 --> 00:04:33,760
Speaker 1: congressional testimony about the FBI's earlier investigation of President Trump's

84
00:04:33,760 --> 00:04:38,400
Speaker 1: connections to Russian interference in the twenty sixteen election. And

85
00:04:38,480 --> 00:04:40,880
Speaker 1: that is news when you want it. With Bloomberg News Now,

86
00:04:40,960 --> 00:04:42,760
Speaker 1: I'm Doug Chrisner, and this is Bloomberg