WEBVTT - New Iran Talks Set for Next Week; Netflix Drops Warner Bros. Bid

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm John Tucker and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>And Karen, let's start with the latest on Iran. US

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<v Speaker 3>and Iranian officials have agreed to more nuclear talks as

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<v Speaker 3>soon as next week after the latest round of discussions

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<v Speaker 3>in Geneva. And let's get the latest from Bloomberg Middle

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<v Speaker 3>East correspondent Jimani Brasshi.

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<v Speaker 4>Well, it was a long day of talks and the

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<v Speaker 4>Bloomberg reporting this as well as other outlets that the

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<v Speaker 4>US side were disappointed with some of the options that

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<v Speaker 4>Iran had presented. That being said, at the end of

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<v Speaker 4>the day, the mediator oman the foreign minister that are

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<v Speaker 4>put out a statement saying that talks will reconvene again,

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<v Speaker 4>and the Omani mediator also citing quotes significant progress, also

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<v Speaker 4>echoes by the Iranian foreign ministry as well, that we

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<v Speaker 4>haven't had formal comments come through from the US, but

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<v Speaker 4>what we do understand from earlier on in the session

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<v Speaker 4>is that they were I'll turnly please with what the

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<v Speaker 4>Iranians had presented.

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<v Speaker 3>Bloomberg's gew mount of Vesentchi says, unlike nuclear talks under

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<v Speaker 3>prior US administrations, the Iranians have taken the lead in

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<v Speaker 3>crafting written proposals and brought them to the Americans well.

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<v Speaker 2>Staying overseas, John Pakistan's defense minister, declared quote open war

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<v Speaker 2>with Afghanistan, and after both sides carried out cross border

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<v Speaker 2>strikes overnight that killed a dozens, the clash marks a

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<v Speaker 2>major escalation and tensions between the two neighbors. Relations between

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<v Speaker 2>Pakistan and Afghanistan have steadily broken down in a year

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<v Speaker 2>since the return of the Afghan Taliban in twenty twenty one,

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<v Speaker 2>following the withdrawal of US led forces.

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<v Speaker 3>And now to the latest on the Jeffrey Epstein scandal,

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<v Speaker 3>Hillary Clinton has denied any association with a convicted sex offender.

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<v Speaker 3>Under questioning from Congressional investigators, The former Secretary of State

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<v Speaker 3>spoke to reporters after giving an hour's long deposition.

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<v Speaker 5>I did not know Jeffrey Hepstein.

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<v Speaker 2>I never went to his island, I never went to

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<v Speaker 2>his homes, I never went to his offices.

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<v Speaker 5>So it's on the record numerous times.

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<v Speaker 3>Well today, her husband, former President Bill Clinton, has set

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<v Speaker 3>to testify before the House Oversight Committee. Now Bloomberg's Amy

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<v Speaker 3>Morris has more from Washington.

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<v Speaker 5>Bill Clinton's testimony will be the first time a former

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<v Speaker 5>president has been forced to testify before Congress. He appears

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<v Speaker 5>in the Epstein files released by the Department of Justice,

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<v Speaker 5>one of many names in politics, academia, and business who

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<v Speaker 5>have appeared in those files, both before and after Epstein

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<v Speaker 5>pleaded guilty in two thousand and eight to prostitution charges.

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<v Speaker 5>The documents appear to show that Epstein's associate, Glainne Maxwell,

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<v Speaker 5>was part of the Clinton's social and professional circle, including

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<v Speaker 5>fundraisers at political donor events in Washington. Amy Morris Bloomberg Radio.

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<v Speaker 2>Right, Amy, thank you. Let's turn to the markets now.

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<v Speaker 2>And Netflix has dropped out of the fight to buy

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<v Speaker 2>Warner Brothers Discovery, clearing the way for rival Bitter Paramount

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<v Speaker 2>to clinch a one hundred eleven billion dollar deal. The

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<v Speaker 2>streaming giants said while its offer would have passed muster

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<v Speaker 2>with regulators and created shareholder value, it didn't want to

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<v Speaker 2>keep bidding. Lucas Shaw has been covering the takeover battle

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<v Speaker 2>for Bloomberg.

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<v Speaker 6>Warner brother Is board not really concerned about synergies. I

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<v Speaker 6>think that if they could have chosen between the two buyers,

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<v Speaker 6>they preferred Netflix. Netflix is a bigger, stronger, healthier company

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<v Speaker 6>by paramount ultimately offered more money and a lot of

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<v Speaker 6>Warner Brothers shareholders preferred Paramount because Paramounts buying the whole company,

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<v Speaker 6>so they get bought out right now with cash, whereas

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<v Speaker 6>the Netflix deal was more of a two step process

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<v Speaker 6>where Warner Brothers was going to have to spin out

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<v Speaker 6>its cable networks and then sell the rest of the

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<v Speaker 6>company to Netflix.

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<v Speaker 2>And as Bloomberg's Lucas Shaw shares a Netflix steps seven

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<v Speaker 2>percent in early trading and.

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<v Speaker 3>Karen several other stocks on the booth this morning shares

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<v Speaker 3>a block. They're surging more than twenty three percent. Jack

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<v Speaker 3>Dorsey's company is reducing its workforce by nearly half. They're

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<v Speaker 3>cutting four thousand employees. The financial technology firm is betting

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<v Speaker 3>that artificial intelligence is going to change the future of

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<v Speaker 3>labor productivity.

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<v Speaker 2>Well John Dells shares are up about twelve The company

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<v Speaker 2>gave an outlook for sales of its artificial intelligence servers

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<v Speaker 2>that topped estimates. Dell now says it will generate about

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<v Speaker 2>fifty billion dollars in AI server revenue in the current

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<v Speaker 2>fiscal year, and.

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<v Speaker 3>On the flip side. You have shares of core Weave,

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<v Speaker 3>They're down more than eleven percent. The company an operator

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<v Speaker 3>of AI data centers, reporting a bigger than expected loss.

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<v Speaker 3>It's also boosting capital expenditures.

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<v Speaker 2>Well elsewhere in the AI space, John and Thropic is

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<v Speaker 2>standing its ground when it comes to its artificial intelligence

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<v Speaker 2>and Bloomberg's Monica Rix.

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<v Speaker 7>Reports Anthropic has rejected the Pentagon's latest offer over the

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<v Speaker 7>use of its artificial intelligence ahead of a deadline today

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<v Speaker 7>for the company to drop its safeguards on its AI

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<v Speaker 7>model or risk losing its government contracts. CEO Dario Amide

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<v Speaker 7>says the company remains committed to negotiations and still wants

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<v Speaker 7>to work with the US military, but can't in good

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<v Speaker 7>conscience agree to the Pentagon's demands for AI use. He

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<v Speaker 7>says new contract language falls short in preventing mass surveillance

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<v Speaker 7>it's on Americans, or for the use of autonomous lethal

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<v Speaker 7>strikes without a human in the loop. The Pentagon hasn't commented,

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<v Speaker 7>Monica Ricks Bloomberg Radio.

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<v Speaker 2>You we have a programming note. The markets may pause

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<v Speaker 2>for the weekend, but the world does not, and that's

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<v Speaker 2>why we're bringing you a new live radio and TV

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<v Speaker 2>show Bloomberg this weekend is looking beyond the daily headlines

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<v Speaker 2>to the bigger themes driving politics, business and culture, joining

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<v Speaker 2>David Gura, Christina Raffini, and Lisa Matteo for smart conversations

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<v Speaker 2>and in depth interviews that help makes sense of the

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<v Speaker 2>week that's been and what comes next. Tomorrow on the show,

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<v Speaker 2>we'll hear from House Minority leader HOCKEYM Jeffries of New York,

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<v Speaker 2>and get the show live Saturdays and Sundays from seven

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<v Speaker 2>am Eastern on Bloomberg Radio TV and the Bloomberg Business App.

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<v Speaker 2>Time now for look at some of the other stories

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<v Speaker 2>making news in New York and around the world, and

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<v Speaker 2>for that we're joined by Bloomberg's Michael Barr. Michael, Good Morning,

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<v Speaker 2>Good Morning, Karen.

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<v Speaker 8>In an unannounced visit, New York, Mayor Zorin Mumdane met

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<v Speaker 8>President Donald Trump yesterday to urge him to release twenty

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<v Speaker 8>one billion dollars in federal grants to build twelve thousand

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<v Speaker 8>affordable housing units and infrastructure. During them Donnie's White House visit,

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<v Speaker 8>a Columbia University student detained by Homeland Security agents was

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<v Speaker 8>released after Ma'amdannie said he spoke with President Trump about

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<v Speaker 8>the student. The school claims the ICE agents made misrepresentations

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<v Speaker 8>to enter a housing unit to detain Elena Agayeva. Acting

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<v Speaker 8>President of Columbia University Claires Shipment.

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<v Speaker 1>We are also relieved that our student, Eliagayeva has been

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<v Speaker 1>released from federal custody.

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<v Speaker 8>Manhattan Borough President Brad Heulman Siegel says community members told

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<v Speaker 8>him the agents presented themselves as police officers looking for

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<v Speaker 8>a missing child.

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<v Speaker 9>The level of deception is astounding, in addition to the

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<v Speaker 9>fact that, of course they didn't have a warrant to

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<v Speaker 9>arrest anyone.

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<v Speaker 8>President Hoylman Segal says this should send a chill up

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<v Speaker 8>the spine of every American State Department and White House

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<v Speaker 8>officials say that at least one American citizen was killed

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<v Speaker 8>and another was hurt in the deadly gun battle between

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<v Speaker 8>Cuban border guards and a group on a boat off

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<v Speaker 8>the Cuban coast. Ricardo Zunika was a senior diplomat at

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<v Speaker 8>the State Department.

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<v Speaker 10>It seems that Secretary of Rubio and the US government

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<v Speaker 10>have decided that they need to continue to get information

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<v Speaker 10>about this and they want to continue conversations with the

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<v Speaker 10>Cuban authorities in the meantime to try to kind of

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<v Speaker 10>move things forward and not be caught up in a

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<v Speaker 10>single incident.

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<v Speaker 8>Total of four people were killed and six others hurt

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<v Speaker 8>in the incident an apparent mistake in the skies around

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<v Speaker 8>El Paso, Texas, after a military laser was used to

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<v Speaker 8>shoot down a drone being flown by Customs and Border Patrol.

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<v Speaker 8>This is the second time in two weeks that has

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<v Speaker 8>happened in the area. Used twenty four hours a day

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<v Speaker 8>and whenever you want it with Bloomberg News Now, I'm

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<v Speaker 8>Michael Barn. This is Bloomberg Karen.

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<v Speaker 2>Thanks Michael. Time now for our Bloomberg Sports update, and

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<v Speaker 2>for that we bring in John Stashauer.

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<v Speaker 11>Thanks Garren. Out of the scouting combine that's going on

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<v Speaker 11>in Indianapolis. A trade in the NFL, A swamp of

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<v Speaker 11>defensive lineman. The Jets sent Jermaine Johnson to Tennessee for

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<v Speaker 11>devonre Sweat. Anthony Richardson was the Colts' fourth pick overall

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<v Speaker 11>in the twenty twenty three draft. Hasn't worked out well

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<v Speaker 11>for the quarterback, and now the Richardson and the Colts

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<v Speaker 11>mutually agreeing to the quarterback to seek a trade. The eleventh

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<v Speaker 11>straight win for San Antonio one twenty six to one

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<v Speaker 11>ten in Brooklyn to the close loss of the Lakers

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<v Speaker 11>beaten by Phoenix by three. That's to Bloomberg Sports Update.

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<v Speaker 2>Stay with us more from Bloomberg day Break coming up

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<v Speaker 2>after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business. This is Bloomberg Daybreak, and good morning.

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<v Speaker 3>I'm John Tucker. Among some of the top stories we

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<v Speaker 3>are pursuing for you this morning, US and Iranian officials

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<v Speaker 3>agreeing to reconvene nuclear talks as soon as next week,

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<v Speaker 3>and former Secretary of State Hillary Clinton says she denied

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<v Speaker 3>any association with Jeffrey Epstein during an hours long deposition

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<v Speaker 3>before congressional investigators yesterday. Let's get more in these stories now.

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<v Speaker 3>We're joined by Laura Davidson, the deputy Washington Beer chief

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<v Speaker 3>for Bloomberg News. Happy Friday to you. With the respect

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<v Speaker 3>to the Iran nuclear talks. I guess, Laura, at this

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<v Speaker 3>point the progress depends on who you're talking to, because

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<v Speaker 3>it seems like the US and the Iranian officials have

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<v Speaker 3>a different degrees of the success so far of these talks.

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<v Speaker 12>Yes, the US and the Iranians left the talks in

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<v Speaker 12>Geneva sort of striking very different tones. The Iranians came

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<v Speaker 12>out quite optimistic, saying that there was progress and quite

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<v Speaker 12>upbeat that these talks would continue and are headed in

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<v Speaker 12>a positive direction. US, on the other hand, came out

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<v Speaker 12>kind of deflated. They seemed disappointed with the lack of

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<v Speaker 12>progress and you know, did not at all take the

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<v Speaker 12>optimistic tone that we heard from the Iranians. This, you know,

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<v Speaker 12>it has been sort of a dichotomy that we've been

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<v Speaker 12>seeing for some days now, but has just really grown stronger.

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<v Speaker 12>And it was very apparent as these talks broke up

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<v Speaker 12>clearly with no tangible details that came out moving forward.

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<v Speaker 2>Here.

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<v Speaker 5>How firm is.

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<v Speaker 3>The Trump deadline to come to agreement?

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<v Speaker 12>Well, this is as firm as Trump wants it to be.

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<v Speaker 12>This is a dead deadline. He you know, said last

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<v Speaker 12>week thing he is giving around ten to fifteen days

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<v Speaker 12>to make some sort of deal. There is no legal

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<v Speaker 12>or otherwise forcing reason that he needs to enforce that deadline.

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<v Speaker 12>But you know, Trump likes to set some of these

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<v Speaker 12>arbitrary deadlines to try to force parties to come to

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<v Speaker 12>the table. You know, the leverage he has is that

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<v Speaker 12>he's continued to amass military assets in the region. You know,

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<v Speaker 12>there have been some signs that he's perhaps getting more

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<v Speaker 12>serious about some sort of limited strike, including his you know,

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<v Speaker 12>remarks at the State of the Union the other night

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<v Speaker 12>where he you know, said to know on certain terms

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<v Speaker 12>that you know, he wants to find a diplomatic solution,

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<v Speaker 12>but you know, could consider you know, some sort of

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<v Speaker 12>military action.

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<v Speaker 2>You know.

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<v Speaker 12>There's also just some headlines across the terminal here just

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<v Speaker 12>about an hour ago that US embassy personnel, non essential

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<v Speaker 12>personnel in Israel have been asked to leave the country.

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<v Speaker 12>So this is you know, kind of some of the

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<v Speaker 12>precursors that we have seen in the past before there

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<v Speaker 12>have been strikes in the region.

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<v Speaker 3>Okay, let's go to the testimony of Hillary Clinton yesterday,

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<v Speaker 3>and I guess today we're going to hear from the

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<v Speaker 3>former president Bill Clinton. What exactly are they looking for?

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<v Speaker 3>Is this intended to be a political embarrassment or.

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<v Speaker 2>Or what.

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<v Speaker 12>If you ask Hillary Clinton, that is exactly what she

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<v Speaker 12>said that this is you know, just sort of a

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<v Speaker 12>you know, a hunt. They're trying to to put herself

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<v Speaker 12>and her husband of the former president on you know,

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<v Speaker 12>in this you know, not public it's behind closed doors,

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<v Speaker 12>but sort of in this in person forum, to to

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<v Speaker 12>just go on a hunt to see what they can find.

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<v Speaker 1>You know.

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<v Speaker 12>Clinton, you know, came out of this deposition saying that

0:12:02.000 --> 0:12:04.439
<v Speaker 12>she was asked you know everything uh, you know related

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<v Speaker 12>to you know, including some very off topic things including

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<v Speaker 12>about aliens, conspiracy theories, UFOs, and and was said she

0:12:11.040 --> 0:12:14.360
<v Speaker 12>wasn't exactly certain what the point here was. Her husband,

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<v Speaker 12>Bill Clinton, will go into this deposition today. He has

0:12:19.000 --> 0:12:22.120
<v Speaker 12>you know, much closer ties to Jeffrey Epstein than Clinton

0:12:22.120 --> 0:12:24.520
<v Speaker 12>did than Hillary Clinton did. She has maintained that she

0:12:24.600 --> 0:12:26.760
<v Speaker 12>never met him, didn't know him, and certainly didn't know

0:12:26.760 --> 0:12:32.800
<v Speaker 12>anything about his activities regarding underage women. Clinton, however, Bill

0:12:32.800 --> 0:12:35.480
<v Speaker 12>Clinton has appeared in photos and in swimming pools with

0:12:35.880 --> 0:12:38.360
<v Speaker 12>with jeffreypperstin Epstein and wrote on his plane several times

0:12:38.400 --> 0:12:38.720
<v Speaker 12>as well.

0:12:39.040 --> 0:12:42.840
<v Speaker 3>And the Democrats want for President Trump to appear. I

0:12:42.880 --> 0:12:46.000
<v Speaker 3>suspect that's not going to happen. Good about the minute.

0:12:45.720 --> 0:12:49.160
<v Speaker 12>Left, Uh, that is highly unlikely to happen. At least

0:12:49.200 --> 0:12:51.600
<v Speaker 12>one Republicans control both chambers of the House. But this

0:12:51.640 --> 0:12:53.439
<v Speaker 12>is the kind of thing and this is why Trump

0:12:53.480 --> 0:12:56.400
<v Speaker 12>is very worried about the midterms. You know, if if

0:12:56.600 --> 0:12:59.360
<v Speaker 12>Democrats do win the House or the Senate, they suddenly

0:12:59.360 --> 0:13:02.000
<v Speaker 12>have subpoena power. Are they able to investigate more so,

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<v Speaker 12>this is the kind of thing that we could see

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<v Speaker 12>Democrats use their leverage going into the next year if

0:13:07.800 --> 0:13:09.320
<v Speaker 12>they are able to secure a majority.

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