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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner,

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Speaker 1: and we begin with earnings. After the bell, in Vidia

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Speaker 1: gave another bolish forecast for quarterly revenue. CEO Jensen Wong said,

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Speaker 1: the enterprise adoption of AI agents is skyrocketing. Now that

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Speaker 1: would suggest it's not just hyperscalers buying in Vidia products,

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Speaker 1: but corporations as well. And we got reaction from Bloomberg

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Speaker 1: analyst Mandeep Singh.

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Speaker 2: They're pointing to seventy seven percent growth in their fiscal

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Speaker 2: one que. So that goes to show and the proof

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Speaker 2: point you can see in the hyperscalar capex. The hyperscalar

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Speaker 2: capex seems to be going up as well, so it's

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Speaker 2: underpinned by healthy fundamentals. We know why. And Vidio's topline

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Speaker 2: is accelerating, right, because the kapex seems to be accelerating.

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Speaker 2: And all this points towards more inferencing, more demand for

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Speaker 2: AI compute.

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Speaker 1: That is Bloomberg analyst Man Deep saying shares in Nvidia

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Speaker 1: up by more than one percent in late US trading. Now,

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Speaker 1: in Vidia's numbers suggest further future disruption coming from artificial intelligence.

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Speaker 1: One name caught up in that scrutiny. Salesforce, which also

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Speaker 1: reported earnings after the bell, and the company's forecast for

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Speaker 1: revenue in the current quarter was underwhelming. We've got reaction

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Speaker 1: from Bloomberg analyst anorog Rana.

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Speaker 3: There are a handful of their products that they have

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Speaker 3: they have that they sell into the enterprise, whether it's

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Speaker 3: customer service cloud or sales automation cloud. Those are the

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Speaker 3: ones I think they have a little bit better position

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Speaker 3: of not being disrupted. But they have other visualization tools

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Speaker 3: or some other smaller products that you know, may not

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Speaker 3: be the ones, but anybody would pay for it. So

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Speaker 3: I think there is a lot that needs to be

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Speaker 3: done from Salesforce in terms of adding more air capabilities

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Speaker 3: to its core product and not be you know, change

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Speaker 3: the narrative around it.

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Speaker 1: That is anorog Rana from Bloomberg Intelligence. By the way,

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Speaker 1: Salesforce also increased its stock buyback plan to fifty billion dollars.

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Speaker 1: Shares in Salesforce down about five percent in late US trading.

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Speaker 1: Four people on board a US speedboat were god and

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Speaker 1: killed today by Cuban authorities in territorial waters off the

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Speaker 1: coast of Cuba. Now the Cuban government says members of

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Speaker 1: its border guard approached the speedboat and received gun fire

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Speaker 1: from those on board. The commander of the military vessel

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Speaker 1: was wounded, and six others on the speedboat were wounded

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Speaker 1: as well and given medical care. The New York Times

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Speaker 1: reports civilians on the speedboat were attempting to get relatives

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Speaker 1: out of Cuba. However, according to the state outlet Cuba Debate,

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Speaker 1: those on the speedboat had intentions of infiltrating the country

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Speaker 1: for terrorist purposes. Meantime, US Secretary of State Marco Rubio

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Speaker 1: said the US Coast Guard will investigate the incident to

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Speaker 1: independently verify the information provided by the Cuban government.

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Speaker 4: Yeah. Well, first of all, I'm not going to comment

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Speaker 4: about the specific boat until we have all the information.

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Speaker 4: So I just wanted to clear I'm not going to

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Speaker 4: speculate about whose boat it was, what they were doing

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Speaker 4: while they were there, what actually happened. Not going to

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Speaker 4: speculate on that because it's not smart to do that

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Speaker 4: until we have all the facts.

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Speaker 1: To provide a bit of context. The US has a

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Speaker 1: effectively imposed a naval blockade on Cuba, dramatically reducing its

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Speaker 1: access to fuel. Vice President JD. Vance announced the Trump

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Speaker 1: administration would temporarily halt some medicaid funding to Minnesota due

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Speaker 1: to concerns over fraud. Vance described it as an aggressive

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Speaker 1: crackdown on the misuse of public funds.

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Speaker 5: Here is Vance, the problem is not going after the fraud.

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Speaker 5: The problem is the fact that these programs are being

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Speaker 5: defrauded to begin with. They will not exist. Our social

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Speaker 5: safety net will disappear unless we take fraud more seriously.

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Speaker 1: That is, Vice President JD. Vance. Former Treasury Secretary Larry

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Speaker 1: Summers will resign from teaching duties at Harvard University at

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Speaker 1: the end of the school year. Now. This follows revelations

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Speaker 1: that summers ties to Jeffrey Epstein were deeper than previously known.

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Speaker 1: Summers's name appeared hundreds of times in newly released Epstein files.

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Speaker 1: Summers has been on leave from teaching at Harvard since November.

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Speaker 1: Bill and Hillary Clinton are set to face questioning from

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Speaker 1: lawmakers over the couple's ties to Jeffrey Epstein, especially in

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Speaker 1: regards to donations to the Clinton Foundation boosted by Epstein.

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Speaker 1: More from Bloomberg's Amy Morris in Washington.

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Speaker 6: The Clintons are expected to testify before a House panel

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Speaker 6: over the coming two days, they'll be sworn in. They

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Speaker 6: have to answer questions under oath, and they initially refuse

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Speaker 6: to appear. They finally agreed after months of negotiations. House

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Speaker 6: Oversight Committee Chair James Comer says they have a lot

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Speaker 6: of questions.

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Speaker 4: One of the questions that we all have in both

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Speaker 4: parties is how was Jeffrey Epstein able to surround himself

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Speaker 4: with the most powerful people in the world.

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Speaker 6: House Oversight Panel Democrats will brief the media after those depositions.

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Speaker 6: The Clintons say they're being selectively prosecuted by Republicans on

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Speaker 6: that committee. In Washington, Amy Morris Bloomberg Radio.

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Speaker 1: The Trump administration is imposing new sanctions on entities accusing

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Speaker 1: of supporting Iran. The sanctions will focus on individuals and

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Speaker 1: entities that help Tehran develop ballistic missiles as well as

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Speaker 1: advanced conventional weapons, also those who help with illicit oil sales.

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Speaker 1: The sanctions precede nuclear talks between the US and Iron

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Speaker 1: scheduled for Thursday in Geneva. President Trump will meet next

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Speaker 1: week with executives from Amazon, Meta Platforms, Microsoft, and Alphabet.

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Speaker 1: They are expected to sign pledges committing their companies to

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Speaker 1: foot the electricity bills for data centers. It's part of

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Speaker 1: the president's push to address mounting electricity prices before the

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Speaker 1: November midterm elections. And that is news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Doug Prisoner and this

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Speaker 1: is Bloomberg