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

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Speaker 1: Doug Prisner. President Trump saying tonight he will send letters

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Speaker 1: to countries setting unilateral tariff rates within the next one

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Speaker 1: and a half to two weeks. Here is Trump speaking

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Speaker 1: earlier to reporters at the Kennedy Center in Washington.

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Speaker 2: We're rocket in terms of deals.

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Speaker 3: Now at a certain point, we're just going to send

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Speaker 3: letters out.

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Speaker 2: And I think you understand that saying this is the deal.

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Speaker 2: You can take it or you can leave it.

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Speaker 3: You don't have to use it, you don't have to

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Speaker 3: shop in the United States.

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Speaker 1: As I said earlier today, President Trump set a framework

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Speaker 1: with Beijing, has been completed, and now China will be

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Speaker 1: supplying rare earth minerals and magnets upfront. We got reaction

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Speaker 1: from Jennifer Welch of Bloomberg Economics.

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Speaker 4: I think the timelines here is slightly different. The amount

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Speaker 4: of time it would take the United States to build

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Speaker 4: up independent supply chains for critical minerals and rare errors

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Speaker 4: is more a question of years, whereas these negotiations I

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Speaker 4: think US would prefer to wrap up, if not by August,

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Speaker 4: within several months timeframe. Right, So, I think in terms

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Speaker 4: of leverage. China's going to maintain that pain point for

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Speaker 4: at least the near term.

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Speaker 1: That is Bloomberg's Jennifer Welch. Now, the tariffs between the

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Speaker 1: US and China will be maintained at their current lower levels,

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Speaker 1: but that number, by the way, is still much higher

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Speaker 1: than before President Trump took office in January. Incidentally, Presidents

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Speaker 1: Trump and She must still formally sign off on this

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Speaker 1: new agreement. We go to Los Angeles next, where protest

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Speaker 1: over immigration rates continued for a fifth night. A curfew

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Speaker 1: imposed by La Mayor Karen Bass helped to quell clashes

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Speaker 1: between protesters and police. Meantime, the National Guard and active

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Speaker 1: duty Marines are still in Los Angeles. La County Sheriff

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Speaker 1: Robert Luna again urged protesters to make their voices heard peacefully.

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Speaker 2: There's a big distinction between individuals that protest and demonstrate

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Speaker 2: to violent the destructive basically anarchists, I mean just creating

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Speaker 2: that chaos.

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Speaker 1: That is La County Sheriff Robert Luna. Meantime, the US

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Speaker 1: Justice Department is urging a federal judge not to interfere

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Speaker 1: with the Trump administration's deployment of National Guard troops and

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Speaker 1: US Marines in La Meantime, anti ice protests spread to

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Speaker 1: other cities today, including New York, Chicago, and Milwaukee, and

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Speaker 1: those protests resulted in clashes between police and demonstrators. G

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Speaker 1: seven nations will not try to reach a consensus on

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Speaker 1: their joint communicay at next week summit in Canada. We

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Speaker 1: are told it's due to the wide gap separating the

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Speaker 1: US from other G seven members on things like Ukraine,

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Speaker 1: climate change, and other issues. Health Secretary Robert F. Kennedy

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Speaker 1: Junior has named eight new vaccine policy advisors to replace

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Speaker 1: the panel he abruptly dismissed earlier this week. They include

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Speaker 1: several vocal vaccine critics and one who identify as an

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Speaker 1: anti vaxxer. Another is a leading critic of the pandemic

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Speaker 1: era lockdowns, and we got reaction from former HHS Secretary

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Speaker 1: Javier Bassera.

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Speaker 3: It's both dangerous and foolish. What can I tell you?

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Speaker 3: When I was Secretary every day and we took we

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Speaker 3: got inherited the worst pandemic in history from the Trump administration,

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Speaker 3: where three to four thousand people were dying a day.

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Speaker 3: When the President Trump handed the keys over to President

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Speaker 3: Biden and we had to do everything we could to

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Speaker 3: save lives.

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Speaker 1: That is former HHS Secretary Javier Bassa speaking to Bloomberg's

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Speaker 1: Balance of Power after the bell, Oracle reported cloud revenue

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Speaker 1: for the latest quarter of six point seven billion dollars.

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Speaker 1: That is a gain of twenty seven percent from the

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Speaker 1: prior quarter. Perhaps more importantly, Oracle said that its cloud

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Speaker 1: infrastructure sales for the full year will grow by more

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Speaker 1: than seventy percent. We got reaction from Brent Thill Equity

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Speaker 1: Research analys at Jeffries.

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Speaker 5: Oracle's got their mojo back. We've said this. You know,

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Speaker 5: this company was trying to find their way. They were

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Speaker 5: late to cloud, they were laid to cloud applications. They're

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Speaker 5: a little bit late to AI. But I think they're

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Speaker 5: back in the in the race, and they're not the

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Speaker 5: number one share leader. They're still way behind Microsoft, Amazon,

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Speaker 5: in Google, but they're doing a nice job of catching up.

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Speaker 1: That is Brent phil from Jeffries. Now, Oracle is partnering

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Speaker 1: with open Ai under its Stargate venture, and Oracle has

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Speaker 1: signed on customers like Xai and Meta. Oracle's remaining performance

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Speaker 1: obligations hit one hundred and thirty eight billion dollars in

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Speaker 1: that points to strong bookings going forward. Shares in Oracle

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Speaker 1: were up more than seven percent in late US trading.

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Speaker 1: And that is news when you want it with Bloomberg

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Speaker 1: News Now, I'm Doug Chrisner, and this is Bloomberg