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Speaker 1: News when you want it with Bloomberg News Now. I'm

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Speaker 1: Brian Curtis in Hong Kong. At least nine people are

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Speaker 1: dead more than nine hundred others hurt in Taiwan's strongest

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Speaker 1: earthquake since nineteen ninety nine. Bloomberg's Adrian Kennedy is in

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Speaker 1: the capitol in Taipei and says the eastern side of

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Speaker 1: the island took the most damage.

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Speaker 2: It's struck in the east of Taiwan, in Hualien, which

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Speaker 2: is a relatively underpopulated compared to the western part of

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Speaker 2: the island. This is an island of twenty three million people,

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Speaker 2: which is critical to world chip supplies. It's a major

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Speaker 2: technology powerhouse, but the majority of that is on the

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Speaker 2: west of the island.

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Speaker 1: Bloomberg's Adrian Kennedy Taiwan's Semiconductor and some of its smaller

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Speaker 1: rivals halted operations after the quake. We're hearing now that

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Speaker 1: TSMC has partially resumed production as recovery efforts have been

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Speaker 1: underway in Taiwan. NATO's Secretary General Jen Stoltenberg is proposing

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Speaker 1: a one hundred billion dollar fund to support Ukraine over

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Speaker 1: the next five years. He says it's part of a

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Speaker 1: package for leaders to sign off on before they meet

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Speaker 1: in Washington in July.

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Speaker 3: Bon now discussing ways to institutionalize more of the support

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Speaker 3: within a NATO framework, to make it more predictable, to

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Speaker 3: make it more robust, because we strongly believe that support

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Speaker 3: Ukraine should be less dependent on short term voluntary offers

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Speaker 3: and more dependent on long term NATO commitments.

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Speaker 1: Stoltenberg discussed the proposal ahead of a NATO Foreign minister's

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Speaker 1: meeting in Brussels. We hear the plan would take over

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Speaker 1: operational duties from the US led Ukraine Contact Defense Group.

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Speaker 1: That's in case of any political changes after the November election.

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Speaker 1: Treasury Secretary Janet Yellen has suggested the US will retain

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Speaker 1: the option to protect industrial sectors against China. She referred

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Speaker 1: to China's state investments in areas including clean energy. Yellen

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Speaker 1: made the remarks en route to China. She'll be visiting

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Speaker 1: Beijing for the second time in nine months. Vecher Jerome

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Speaker 1: Pal says policymakers will wait for clear signs of lower

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Speaker 1: inflation before cutting interest rates. Pal did note the pickup

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Speaker 1: in jobs and inflation, but he reaffirmed that patience is

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Speaker 1: the key on inflation.

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Speaker 4: It is too soon to say whether the recent readings

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Speaker 4: represent more than just a bump. We do not expect

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Speaker 4: that it will be appropriate to lower our policy rate

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Speaker 4: until we have greater confidence that inflation is moving sustainably

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Speaker 4: down toward two percent. Given the strength of the economy

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Speaker 4: and progress on inflation so far, we have time to

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Speaker 4: let the incoming data guide our decisions on policy.

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Speaker 1: Pal said the FED is likely to begin lowering rates

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Speaker 1: at some point later this year. In other news, Disney

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Speaker 1: shareholders have handed CEO Bob Iger a big vote of confidence.

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Speaker 1: They elected all of Disney's choices for the company's board

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Speaker 1: at a proxy vote, and shareholders rejected dissident investor Neilson

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Speaker 1: Peltz's bid for board seats. Beltz's ally, former Disney finance

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Speaker 1: chief Jay Russulu, was also rejected. Bloomberg Intelligence US media

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Speaker 1: analyst is Gita Ranganathen. She tells us what's next for

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Speaker 1: Bob Eiger.

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Speaker 5: This is definitely going to supercharge him and his efforts,

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Speaker 5: but there is going to be continued. I think watch

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Speaker 5: on kind of how Disney performs, but obviously for today,

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Speaker 5: I think Maha Biger is definitely very relieved.

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Speaker 1: Guita ragenathen Disney has reinstated its dividend and has announced

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Speaker 1: plans to invest sixty billion dollars in its parks and

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Speaker 1: resorts business in the next ten years. Chip maker sk

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Speaker 1: Heinex is planning to build a four billion dollar packaging

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Speaker 1: plant in the US state of Indiana. The site would

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Speaker 1: also include a research center for AI. The factory will

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Speaker 1: feature a production line for next generation high bandwidth memory chips.

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Speaker 1: Production is set to begin in the second half of

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Speaker 1: twenty twenty eight. Apple is investigating a push into personal robotics.

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Speaker 1: Bloomberg's Mark German has more this.

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Speaker 6: Is very nascent, very early. Would be a home rope.

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Speaker 6: They can follow you around. It would navigate autonomously like

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Speaker 6: the self driving car Apple it was working on. It

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Speaker 6: would have a focus on video conferencing, and there's even

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Speaker 6: been discussion internally. This is a pie in the sky idea.

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Speaker 6: The eventual peak of robotics could be the device being

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Speaker 6: able to do the dishes, clean the dishes in your sink,

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Speaker 6: on your beath.

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Speaker 1: Bloomberg's Mark German. Robotics could give Apple a bigger foothold

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Speaker 1: in consumers' homes and allow the company to capitalize on

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Speaker 1: advances in artificial intelligence. That's news when you want it.

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Speaker 1: With Bloomberg News Now, I'm Brian Curtis. This is Bloomberg