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

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Speaker 1: We began at the White House where President Trump met

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Speaker 1: earlier with Israeli Prime Minister Benjamin Netnyahu and later speaking

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Speaker 1: with the media, Trump proposed a US takeover of the

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Speaker 1: Gaza strip.

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Speaker 2: I do see a long term ownership position, and I

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Speaker 2: see it bringing great stability to that part of the

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Speaker 2: Middle East and maybe the entire Middle East.

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Speaker 1: That was President Trump speaking there. He also said Palestinians

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Speaker 1: should permanently leave Gaza, and he suggested an openness to

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Speaker 1: deploying US troops to secure the area. Trump said he

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Speaker 1: envisions Gaza as a riviera of the Middle East with

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Speaker 1: world class construction projects. Meantime, Netanyahu offered praise to Trump.

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Speaker 3: You stop funding international organizations like UNRA that support and funters,

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Speaker 3: and today you renewed the maximum pressure campaign against Iran

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Speaker 3: ladies and gentlemen. All this in just two weeks. Can

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Speaker 3: we imagine what will be in four years? I can,

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Speaker 3: I know you can, mister President.

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Speaker 1: That is Israeli Prime Minister Benjamin Ettnya who's speaking there now.

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Speaker 1: The meeting between Trump and Netanya, who took place as

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Speaker 1: negotiators attempt to broker the next phase of that ongoing

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Speaker 1: ceasefire agreement in Gaza, and it came on a day

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Speaker 1: when President Trump signed a directive to increase economic pressure

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Speaker 1: on Iran through sanctions and tougher enforcement. Most staffers at

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Speaker 1: the US Agency for International Development will be placed on

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Speaker 1: administrative leave beginning Friday. USAID has become a battleground in

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Speaker 1: the campaign by President Trump and Elon Musk to restructure

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Speaker 1: the federal government. People in mission critical and core leadership

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Speaker 1: roles will be exempted from this action. Thousands of USAID

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Speaker 1: employees have already been laid off. The US Postal Service

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Speaker 1: has temporarily suspended the acceptance of inbound international parcels from

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Speaker 1: China and Hong Kong. According to the USPS website, the

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Speaker 1: flow of letters and flats from China and Hong Kong

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Speaker 1: will not be impacted now. All of this comes after

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Speaker 1: President Trump imposed a blanket ten percent tariff on Chinese goods.

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Speaker 1: The suspension of inbound parcels from Hong Kong and the

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Speaker 1: mainland by the US Postal Service led to a drop

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Speaker 1: in Chinese e commerce stocks earlier today, the US Senate

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Speaker 1: has confirmed Pambondi. As Attorney General, she will become the

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Speaker 1: nation's top law enforcement official at a time when President

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Speaker 1: Trump has already begun to reshape the Justice Department. We

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Speaker 1: go to Earning's news next. After the bell, Alphabet posted

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Speaker 1: revenue from its Google Cloud unit below estimates, and at

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Speaker 1: the same time, Alphabet's overall revenue was disappointing. Bloomberg's Mandeep Singh.

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Speaker 2: Overall, I mean, look, the search was very resilient. You

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Speaker 2: can see that number was strong, which is why when

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Speaker 2: you look at the overall operating income, I mean it

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Speaker 2: was in line. So given how much you know, waight

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Speaker 2: we put on the cloud and the YouTube segments, the

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Speaker 2: fact that those two disappointed is why you're seeing that

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Speaker 2: knee jerk reaction.

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Speaker 1: That is Bloomberg's man Deep Singh. Later on the earnings

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Speaker 1: call with analyst, Alphabet CEO Sundhar Pachai didn't offer much

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Speaker 1: in the way of future expectations, although he did weigh

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Speaker 1: in on recent developments out of China with regard to

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Speaker 1: the AI startup Deep Seek.

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Speaker 4: There's been a lot of observations on deep Seek. First

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Speaker 4: of all, you know, I think tremendous team. I think

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Speaker 4: they've done very very good work. I would say both

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Speaker 4: are two point zero flash models or two point oho

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Speaker 4: flash thinking models. You know, they are some of the

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Speaker 4: most efficient models out there, including comparing to deep Seek.

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Speaker 1: That is Sundhar Pachai speaking there. He is the CEO

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Speaker 1: of Alphabet. Now the company is being forced to demonstrate

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Speaker 1: that it is maintaining momentum across its businesses as Alphabet

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Speaker 1: spends more heavily on AI and as competition in the

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Speaker 1: market intensifies. Analysts saying the latest results will add pressure

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Speaker 1: on Alphabet to defend its levels of cap X spending.

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Speaker 1: Shares right now are down nearly nine percent in late

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Speaker 1: US trading. We also heard after the bell from Advanced

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Speaker 1: micro Devices, and the company reported disappointing results for its

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Speaker 1: data center division. Revenue there three point eighty six billion

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Speaker 1: dollars that missed estimates by more than two hundred million dollars.

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Speaker 1: We got reaction from Bloomberg's Caroline Hide.

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Speaker 5: Relief they needed to assure their investor base. LISASU has

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Speaker 5: been under a lot of dures because data center serve

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Speaker 5: a provision. Ultimately, AI accelerators have not been able to

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Speaker 5: match the prowess of Nvidia everyone feeling. In fact, there've

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Speaker 5: been analyst after analysts downgrading the stock, worrying that they

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Speaker 5: just aren't there when it comes to a real competitor.

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Speaker 5: But the fact that she's able to deliver in margins

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Speaker 5: and focused on R and D and expenses coming in

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Speaker 5: perhaps a little bit higher.

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Speaker 1: There, that is Bloomberg's Caroline Hide shares an AI right now,

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Speaker 1: down more than eight percent in late US trading. And

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Speaker 1: that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisner, and this is Bloomberg