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

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Speaker 1: Doug Chrisner. We begin at the White House where President

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Speaker 1: Trump and Indian Prime Minister Narenver Moody met earlier to

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Speaker 1: discuss US India relations. It was there Trump announced a

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Speaker 1: new military.

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Speaker 2: Deal starting this year, will be increasing military sales to

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Speaker 2: India by many billions of dollars.

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Speaker 3: Were also paving the.

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Speaker 2: Way to ultimately provide India with the F thirty five

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Speaker 2: stealth fighters.

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Speaker 1: That was President Trump speaking there now. At the same

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Speaker 1: press briefing, Mody said he would expand working with the

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Speaker 1: US in the area of artificial intelligence as well as semiconductors.

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Speaker 1: And Mody said that he and President Trump have agreed

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Speaker 1: to set a target on more than doubling bilateral trade

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Speaker 1: between these two countries to five hundred billion dollars by

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Speaker 1: twenty thirty. Earlier today, the Trump administration said it's considering

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Speaker 1: reciprocal tariffs on numerous trading partners. The President has directed

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Speaker 1: the US Trade rep and the Commerce Secretary to propose

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Speaker 1: new levies on a country by country basis. Bloomberg Shawn

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Speaker 1: Donnan says there is one key point to note.

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Speaker 3: We don't yet know and he said, actually he doesn't

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Speaker 3: know yet what the numbers will be. There's going to

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Speaker 3: be a process to study what these tariff should be

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Speaker 3: on individual countries. They are going to be targeting the

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Speaker 3: countries with whom the US has the biggest trade deficits.

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Speaker 3: That's going to be the EU. That's going to be

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Speaker 3: also countries like Vietnam in South Korea.

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Speaker 1: That is Bloomberg Shawan Donnon Meantime Commerce Secretary nominee Howard

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Speaker 1: Lutnik said his department will complete all related studies by

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Speaker 1: April first. Lutnik said the tariff should be ready to

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Speaker 1: go into effect shortly afterwards. Now, Japan has begun talks

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Speaker 1: with the US to get details of President Trump's planned

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Speaker 1: reciprocal tariff measures. Japanese Trade Minister Yojimoto and Chief Cabinet

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Speaker 1: Secretary Yoshi Masahayashi told reporters that Tokyo began communicating with

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Speaker 1: Washington over the matter.

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Speaker 3: Now.

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Speaker 1: The potential for Japan to be targeted by new US

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Speaker 1: tariffs comes not long after Prime Minister Shighiro Ishiba met

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Speaker 1: with Trump last week, when he appeared to come away

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Speaker 1: from the meeting with no tariff threats. Apple is working

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Speaker 1: to bring its Ai features to China by the middle

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Speaker 1: of this year. We're told the company has several teams

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Speaker 1: in both China and the US working to adapt its

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Speaker 1: Apple Intelligence platform to the Chinese market. Now. The goal

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Speaker 1: here is to launch as early as May. Apple is

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Speaker 1: relying on local partners, including Ali Baba and Baidu. Apple

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Speaker 1: Intelligence will have to be adapted to comply with rules

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Speaker 1: from the Chinese government. Bloomberg's Katherine lim says this will

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Speaker 1: draw a lot of attention from investors ahead of Ali

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Speaker 1: Baba's earnings next week.

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Speaker 4: We went from China to overseas e commerce Ali Express,

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Speaker 4: and then now we're looking at cloud, which will likely

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Speaker 4: be the focus for next Thursday's results as the company.

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Speaker 4: As investors, I would say, try to find out more

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Speaker 4: from the company, what did they do with Apple. I

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Speaker 4: kind of think, you know, they're going to be a

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Speaker 4: little bit hush hushed about things, you know, knowing how

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Speaker 4: things can play out as they develop on stuff. But

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Speaker 4: you know, clearly I think, you know, that's where the

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Speaker 4: bulk of the attention movie that.

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Speaker 1: Was Bloomberg's Catherine limb Apple and Google have restored TikTok

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Speaker 1: to their app stores now TikTok was removed to comply

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Speaker 1: with the law passed last year. However, we are told

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Speaker 1: both companies received assurances in a letter from US Attorney

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Speaker 1: General Pam Bondi. It was back on January twentieth, inauguration day,

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Speaker 1: when President Trump signed in an executive order it instructed

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Speaker 1: the Attorney General not to take any action to enforce

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Speaker 1: the TikTok Act for a period of seventy five days

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Speaker 1: from that date January twentieth. Now, this gives the administration

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Speaker 1: an opportunity to determine the appropriate course of action with

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Speaker 1: regard to TikTok. After the bell in the US, Applied

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Speaker 1: Materials reported higher than expected profit and revenue for the

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Speaker 1: latest quarter. However, the revenue forecast for the current period

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Speaker 1: was lukewarm. Stacey Rascon is senior US Semiconductor's analyst at

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Speaker 1: Bernstein in Company.

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Speaker 2: They talked about the potential impact at least qualitatively about

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Speaker 2: important about export controls on there. To my guess is

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Speaker 2: that maybe what's driving.

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Speaker 1: It one more thing.

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Speaker 2: I've actually look at the pieces of the guidance. The

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Speaker 2: equipment guide actually looks kind of in line. It's the

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Speaker 2: services guide that actually looks light relative to where I think.

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Speaker 1: Consensus was, that is Bernstein Stacey, Rascon shares and applied

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Speaker 1: materials down by more than five percent in late US trading.

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Speaker 1: Airbnb swung into a profit in the latest quarter. Even so,

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Speaker 1: the company's forecast for revenue this year with slightly below expectations.

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Speaker 1: We got reaction from Scott Devitt, equity research analyst at

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Speaker 1: web Bush Securities.

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Speaker 5: Experiences will be the major launch this year. They've mentioned

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Speaker 5: things like car rentals. There's going to be offerings like

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Speaker 5: service integrations for cleaning and things of that nature. But

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Speaker 5: the predominance spend relates to the relaunch of the experiences platform,

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Speaker 5: and that's what we're driving the far around the margin profile,

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Speaker 5: which is why it's so important.

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Speaker 1: Scott Davitt There of Webbush Security shares in Airbnb up

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Speaker 1: by more than fourteen 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 Krisner, and this is Bloomberg