1 00:00:00,920 --> 00:00:03,920 Speaker 1: News when you want it with Bloomberg News Now I 2 00:00:04,000 --> 00:00:08,240 Speaker 1: Made Kaleggi. Apple executives have held internal discussions about potentially 3 00:00:08,280 --> 00:00:12,800 Speaker 1: bidding for artificial intelligence start up Perplexity Ai, seeking to 4 00:00:12,880 --> 00:00:17,360 Speaker 1: address the need for more AI talent and technology. Adrian Perica, 5 00:00:17,480 --> 00:00:20,279 Speaker 1: the company's head of mergers and acquisitions, has weighed the 6 00:00:20,320 --> 00:00:25,400 Speaker 1: idea with services cheap eddie q and top AI decision makers. 7 00:00:25,400 --> 00:00:28,440 Speaker 1: According to people with knowledge of the matter, the discussions 8 00:00:28,440 --> 00:00:30,600 Speaker 1: are at an early stage and may not lead to 9 00:00:30,640 --> 00:00:32,479 Speaker 1: an officer of the people who ask not to be 10 00:00:32,560 --> 00:00:35,600 Speaker 1: identified because the matter is private. Such a deal would 11 00:00:35,640 --> 00:00:38,760 Speaker 1: help Apple develop an AI based search engine, part of 12 00:00:38,800 --> 00:00:41,160 Speaker 1: efforts to cope with the potential loss of a long 13 00:00:41,200 --> 00:00:45,120 Speaker 1: standing arrangement with Google. That partnership, which involves making Google 14 00:00:45,200 --> 00:00:49,360 Speaker 1: the default browser on devices, generates roughly twenty billion dollars 15 00:00:49,400 --> 00:00:51,919 Speaker 1: a year for Apple, and is now under threat from 16 00:00:52,000 --> 00:00:56,560 Speaker 1: US antitrust enforcers. President Trump is musing about firing Federal 17 00:00:56,600 --> 00:00:59,640 Speaker 1: Reserve Chair Jerome Powell in a post on truth Social 18 00:00:59,720 --> 00:01:03,400 Speaker 1: saying maybe, just maybe I'll have to change my mind 19 00:01:03,440 --> 00:01:07,920 Speaker 1: about firing him, but regardless, his term ends shortly. Trump 20 00:01:07,920 --> 00:01:10,880 Speaker 1: says he is confused why the Federal Reserve Board doesn't 21 00:01:10,920 --> 00:01:15,080 Speaker 1: override Powell. Palestinian activist muk Mood Khalil was released Friday 22 00:01:15,120 --> 00:01:18,640 Speaker 1: from federal immigration detention, freed by a judge's ruling after 23 00:01:18,680 --> 00:01:22,120 Speaker 1: becoming a symbol of President Trump's clamp down on campus protests. 24 00:01:22,600 --> 00:01:26,120 Speaker 1: The former Columbia University graduate student left a federal facility 25 00:01:26,120 --> 00:01:29,080 Speaker 1: in Louisiana Friday. He is expected to head to New 26 00:01:29,160 --> 00:01:32,959 Speaker 1: York to reunite with his US citizen wife and newborn son. 27 00:01:33,200 --> 00:01:36,320 Speaker 1: Held for over three months, Khalil was released after US 28 00:01:36,440 --> 00:01:40,040 Speaker 1: District Judge Michael Farbiaz said it would be highly highly 29 00:01:40,080 --> 00:01:43,199 Speaker 1: unusual for the government to continue detaining a legal US 30 00:01:43,319 --> 00:01:46,240 Speaker 1: resident who was unlikely to flee and had not been 31 00:01:46,280 --> 00:01:50,080 Speaker 1: accused of any violence. The Financial Times reports that Japan 32 00:01:50,160 --> 00:01:52,520 Speaker 1: has canceled a top level meeting with the US after 33 00:01:52,560 --> 00:01:56,560 Speaker 1: the Trump administration abruptly asked the country to boost defense spending. 34 00:01:56,920 --> 00:02:00,200 Speaker 1: The Financial Time cites three people familiar with the maps are, 35 00:02:00,240 --> 00:02:04,760 Speaker 1: including two officials in Tokyo. President Trump deepened uncertainty about 36 00:02:04,760 --> 00:02:07,560 Speaker 1: his readiness to join Israel's week old war with Iran, 37 00:02:07,920 --> 00:02:10,959 Speaker 1: signaling he might consider backing a ceasefire, but also warning 38 00:02:10,960 --> 00:02:13,960 Speaker 1: that he could order military actions sooner than the deadline 39 00:02:13,960 --> 00:02:16,919 Speaker 1: he flagged just a day earlier. Trump told reporters in 40 00:02:16,960 --> 00:02:19,960 Speaker 1: New Jersey after meeting earlier with his national security team 41 00:02:20,160 --> 00:02:22,120 Speaker 1: that he is giving them a period of time and 42 00:02:22,200 --> 00:02:25,160 Speaker 1: that two weeks would be the maximum. He dismissed European 43 00:02:25,200 --> 00:02:28,760 Speaker 1: efforts to find a diplomatic solution. The president was also 44 00:02:28,919 --> 00:02:32,160 Speaker 1: asked about the intelligence he's received claiming that Iran is 45 00:02:32,200 --> 00:02:33,480 Speaker 1: building a nuclear weapon. 46 00:02:33,680 --> 00:02:35,760 Speaker 2: What intelligence do you have that Iran is building a 47 00:02:35,840 --> 00:02:38,320 Speaker 2: nuclear weapon? Your intelligence community has said they have no 48 00:02:38,360 --> 00:02:40,120 Speaker 2: evidence that they are at this point. 49 00:02:40,240 --> 00:02:43,200 Speaker 1: Well, then my intelligence community is wrong. But when the 50 00:02:43,240 --> 00:02:44,840 Speaker 1: intelligence community said that. 51 00:02:45,040 --> 00:02:48,480 Speaker 2: You're Director of National Intelligence, Tolci Gabbert, she's wrong. 52 00:02:48,919 --> 00:02:51,959 Speaker 1: A week into their war, Israel and Iran exchanged more 53 00:02:52,000 --> 00:02:55,000 Speaker 1: strikes Friday, as new diplomatic efforts led by the Europeans 54 00:02:55,040 --> 00:02:58,519 Speaker 1: took place in Geneva. Iran's Foreign Minister of as Aarachi 55 00:02:58,600 --> 00:03:01,560 Speaker 1: held several hours of tok with the European Union's top 56 00:03:01,600 --> 00:03:06,080 Speaker 1: diplomat and counterparts from the United Kingdom, France, and Germany. Afterwards, 57 00:03:06,080 --> 00:03:09,560 Speaker 1: Britain's foreign secretary said they were keen to continue ongoing 58 00:03:09,639 --> 00:03:13,839 Speaker 1: discussions and negotiations with Iran. However, the European ministers gave 59 00:03:14,120 --> 00:03:17,880 Speaker 1: few details and took no questions. President Trump said his 60 00:03:17,960 --> 00:03:21,600 Speaker 1: administration has been holding talks with Harvard University and may 61 00:03:21,639 --> 00:03:24,600 Speaker 1: announce a deal over the next week, potentially ending a 62 00:03:24,639 --> 00:03:27,680 Speaker 1: standoff that has jeopardized billions of dollars of the school's 63 00:03:27,720 --> 00:03:31,400 Speaker 1: funding and ignited a rollicking legal fight. Trump said Friday, 64 00:03:31,480 --> 00:03:36,000 Speaker 1: and truth Social they have acted extremely appropriately during these negotiations. 65 00:03:36,000 --> 00:03:37,960 Speaker 1: It appear to be committed to doing what is right. 66 00:03:38,480 --> 00:03:40,720 Speaker 1: If a settlement is made on the basis that is 67 00:03:40,760 --> 00:03:44,880 Speaker 1: currently being discussed, it will be mind boggingly historic and 68 00:03:45,040 --> 00:03:48,280 Speaker 1: very good for our country. Trump's upbe tone signal a 69 00:03:48,320 --> 00:03:51,440 Speaker 1: major potential shift in one of the defining controversies of 70 00:03:51,480 --> 00:03:54,040 Speaker 1: his term so far, as he accused US colleges of 71 00:03:54,040 --> 00:03:57,160 Speaker 1: fostering anti Semitism and slammed them for what he called 72 00:03:57,200 --> 00:04:02,280 Speaker 1: their liberal bias. Ended with losses in stocks as investors 73 00:04:02,320 --> 00:04:05,839 Speaker 1: rego political and trade developments. We get more from Bloomberg's 74 00:04:05,920 --> 00:04:06,680 Speaker 1: Charlie Pellett. 75 00:04:06,800 --> 00:04:11,240 Speaker 2: Chip makers sank with the Philadelphia Stock Exchanges Semiconductor Index, 76 00:04:11,320 --> 00:04:14,920 Speaker 2: the socks down point seven percent, model six point five 77 00:04:15,040 --> 00:04:20,160 Speaker 2: trillion options expiration spurred a surge in volume. Bonds bounced 78 00:04:20,160 --> 00:04:23,360 Speaker 2: from lows, as FED Governor Christopher Waller said rates could 79 00:04:23,440 --> 00:04:26,720 Speaker 2: drop as early as July. Not even signs that the 80 00:04:26,839 --> 00:04:30,159 Speaker 2: US is giving a chance to diplomacy and de escalating 81 00:04:30,160 --> 00:04:33,040 Speaker 2: the war between Israel and Iran were able to soothe 82 00:04:33,120 --> 00:04:35,640 Speaker 2: nerves ahead of the weekend. For the week, the S 83 00:04:35,720 --> 00:04:39,239 Speaker 2: and P five hundred index was down point one five percent. 84 00:04:39,600 --> 00:04:42,520 Speaker 2: The Dow was little changed, up point zero two percent. 85 00:04:42,920 --> 00:04:46,080 Speaker 2: Nastak gained this week by zero point two percent. In 86 00:04:46,240 --> 00:04:49,799 Speaker 2: New York, Charlie Pellett Bloomberg Radio. 87 00:04:49,240 --> 00:04:51,880 Speaker 1: The owner of ihop and Applebee's, is making room at 88 00:04:51,920 --> 00:04:54,880 Speaker 1: the table for AI. The Wall Street Journal says Dine 89 00:04:54,880 --> 00:04:58,080 Speaker 1: brands franchises are getting AI tools that help them find 90 00:04:58,120 --> 00:05:01,760 Speaker 1: answers to tech support questions and to personalize offers for 91 00:05:01,880 --> 00:05:05,960 Speaker 1: customers and customer loyalty programs. Dine also tells the journal 92 00:05:05,960 --> 00:05:08,719 Speaker 1: it's testing AI powered cameras they can tell the staff 93 00:05:08,760 --> 00:05:12,239 Speaker 1: when a table needs to be cleaned. The Friday numbers 94 00:05:12,279 --> 00:05:14,840 Speaker 1: on Wall Street, the Dow gained thirty five, NASDAK lost 95 00:05:14,920 --> 00:05:17,560 Speaker 1: ninety eight, the S and P drop thirteen. The tenure 96 00:05:17,560 --> 00:05:20,120 Speaker 1: treasurer yield at four point three seven percent, the two 97 00:05:20,200 --> 00:05:23,320 Speaker 1: year three point nine percent. That's news when you want 98 00:05:23,400 --> 00:05:27,000 Speaker 1: it with Bloomberg News. Now I made Kleggy. This is 99 00:05:27,040 --> 00:05:27,600 Speaker 1: Bloomberg