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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. The Trump administration is considering taking a stake

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Speaker 1: in Intel. We are told to plant stems from a

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Speaker 1: meeting this week between President Trump and Intel CEO Lip Bhutan.

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Speaker 1: Here is Bloomberg's Joe Matthew.

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Speaker 2: We have to remember a few days before that meeting,

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Speaker 2: Donald Trump was asking for Lip Bhutan to resign, citing

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Speaker 2: what he called conflicts of interest. He said there was

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Speaker 2: no other solution to this problem and he must resign immediately.

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Speaker 2: That brought him into the White House where they had

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Speaker 2: apparently a very successful meeting. And maybe we should have

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Speaker 2: expected some interesting news.

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Speaker 1: That is Bloomberg's Joe Matthew and Washington Now. The government's

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Speaker 1: potential stake could support expansion of Intel's domestic manufacturing, especially

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Speaker 1: its planned factory hub in Ohio. Intel had once promised

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Speaker 1: to turn the site into the world's largest chip making facility,

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Speaker 1: although it's been repeatedly delayed. Now, both the White House

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Speaker 1: and Intel declined to comment on specifics. Shares an Intel

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Speaker 1: We're up more than seven percent in the regular session.

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Speaker 1: President Trump is heading to Alaska for a meeting with

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Speaker 1: Russian President Vladimir Putin. Bloomberg's Amy Morris has a preview.

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Speaker 3: The summit will take place at Joint Base Elmendorff Richardson.

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Speaker 3: That's Alaska's largest military installation. It was a Cold War

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Speaker 3: listening post. The base offers controlled airspace, fortified gates, and

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Speaker 3: instant access to military units. It's also closed to the public.

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Speaker 3: Alaska Governor Mike Dunlevy.

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Speaker 1: We're in the height of toury season, so hotels are tight,

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Speaker 1: cars are type. Having this on the base alleviates a

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Speaker 1: lot of issues.

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Speaker 3: Governor Dunlevy spoke with Bloomberg's Joe Matthew on balance of power.

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Speaker 3: State Department protocol is shaping much of the plan. Reciprocity

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Speaker 3: rules mean every courtesy extended to one leader must be

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Speaker 3: matched for the other. Everything is matched body for body,

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Speaker 3: gun for gun, even the number and size of rooms.

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Speaker 3: In Washington. Amy Morris Bloomberg Radio.

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Speaker 1: We go to Florida next, where Governor Ron DeSantis is

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Speaker 1: planning a second Immigration to ten Center, dubbed Deportation Depot.

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Speaker 1: It will be located in a closed prison in Baker County.

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Speaker 4: Now.

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Speaker 1: The site will hold thirteen hundred detainees for processing and

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Speaker 1: deportation flights out of nearby Lake City. This move comes

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Speaker 1: weeks after the controversial facility opened in the Everglades known

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Speaker 1: as Alligator Alcatraz that is currently under a legal challenge.

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Speaker 1: Here is dessentus.

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Speaker 5: We have the ability to do more than that. DHS

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Speaker 5: in their agreement with US too, because they're reimbursing these expenses.

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Speaker 5: They anticipate up to five thousand, So we said, you know,

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Speaker 5: you're going to probably need a different facility if you

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Speaker 5: want to do that many.

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Speaker 1: Florida Governor Ron DeSantis will wrap up the week tomorrow

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Speaker 1: with a reading on US retail sales for the month

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Speaker 1: of July. We have a preview from Bloomberg's Tom Busby.

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Speaker 4: Overall retail sales for July expected to rise by zero

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Speaker 4: point six percent, the same increase we saw in June.

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Speaker 4: According to economists surveyed by Bloomberg, lower gasoline price is

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Speaker 4: likely led to lower sales and gas stations, and that's

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Speaker 4: expected to be offset by higher sales of new and

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Speaker 4: used vehicles. While prices of newly built cars were flat,

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Speaker 4: used car prices up half a percent in July. Now,

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Speaker 4: excluding motor vehicles, retail sales are expected to rise zero

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Speaker 4: point three percent, tom busby Bloomberg Radio.

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Speaker 1: Warren Buffett's Berkshire Hathaway made some noteworthy changes to its

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Speaker 1: holdings during the second quarter. According to a filing, Berkshire

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Speaker 1: reduced its position in Apple and sold its one billion

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Speaker 1: dollar stake in Team Mobile US. At the same time,

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Speaker 1: Berkshire added five million shares in United Health Group to

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Speaker 1: its holdings worth some one point six billion dollars. In

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Speaker 1: that news sent shares in United Health Group up ten

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Speaker 1: percent in late New York trading. We go to Japan next,

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Speaker 1: where the economy expanded at a faster than expected rate

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Speaker 1: in the second quarter, GDP rising at an annual rate

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Speaker 1: of one percent. Now, the resilience of the economy provided

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Speaker 1: relief for Prime Minister Shiguru Ishiba. His coition lost a

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Speaker 1: majority in the Upper House last month. We got reaction

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Speaker 1: from hide Yuki Sano.

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Speaker 6: I think on the whole that's positive for Japanese stocks

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Speaker 6: and assets. Oh, clearly, the market has been worrying that

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Speaker 6: Japanese domestic consumption has been very weak, and that has

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Speaker 6: been uh. That has been the main reason why one

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Speaker 6: of the main reasons, to say the least, why the

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Speaker 6: Japanese ruling parties suffer sort of a setback in the

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Speaker 6: last Appa house e direction that.

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Speaker 1: Was Bloomberg's Hitdayuki Sano, the mother of Jeff Bezos, has died.

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Speaker 1: Jackie Bezos and her husband Miguel were the first to

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Speaker 1: invest in Amazon back in nineteen ninety five, with two

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Speaker 1: checks totaling a little more than two hundred and forty

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Speaker 1: five thousand dollars. That investment, along with subsequent purchases of

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Speaker 1: Amazon shares, netted them a fortune estimated to be as

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Speaker 1: large as thirty billion dollars in twenty eighteen, and the

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Speaker 1: foundation Jackie Bezo started with her husband back hundreds of

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Speaker 1: organizations focused on kids and young adults. Jackie Bezos was

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Speaker 1: seventy eight. And that is news when you want it

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Speaker 1: with Bloomberg News. Now I'm Doug prisoner, and this is

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Speaker 1: Bloomberg