1
00:00:01,040 --> 00:00:04,440
Speaker 1: News when you wanted With Bloomberg News Now, I'm Brian Curtis.

2
00:00:04,480 --> 00:00:08,160
Speaker 1: In Hong Kong, Apple sales declined less than feared last quarter,

3
00:00:08,280 --> 00:00:11,959
Speaker 1: helped buy stronger than expected demand in China. Apple saw

4
00:00:12,039 --> 00:00:15,720
Speaker 1: greater China revenue, falling eight percent to sixteen point thirty

5
00:00:15,800 --> 00:00:19,720
Speaker 1: seven billion, but again better than expected. Bloomberg's Emily Chang

6
00:00:19,760 --> 00:00:23,400
Speaker 1: spoke with Apple CFO Luca Maistrie, who struck an upbeat

7
00:00:23,480 --> 00:00:24,480
Speaker 1: tone on China.

8
00:00:24,640 --> 00:00:27,280
Speaker 2: He talked about that disruption, you're seeing some impacts there,

9
00:00:27,320 --> 00:00:30,120
Speaker 2: but he said, we're actually happy with our results in China.

10
00:00:30,160 --> 00:00:32,839
Speaker 2: Specifically said this is the most competitive smartphone market in

11
00:00:32,840 --> 00:00:35,240
Speaker 2: the world, without a doubt, but we feel good about

12
00:00:35,240 --> 00:00:37,839
Speaker 2: the results. He talked about Tim cook being in China recently,

13
00:00:37,880 --> 00:00:40,680
Speaker 2: the new store they opened in Shanghai, the level enthusiasm

14
00:00:40,760 --> 00:00:43,040
Speaker 2: for the brand being very strong, the fact that they

15
00:00:43,040 --> 00:00:47,160
Speaker 2: had the top two top selling smartphones in the quarter,

16
00:00:47,520 --> 00:00:49,920
Speaker 2: they set a record for upgraders. So he said, the

17
00:00:49,960 --> 00:00:53,600
Speaker 2: reality is very different from what you read at times.

18
00:00:53,640 --> 00:00:57,400
Speaker 1: Bloomberg's Emily Chang. Apple also announced plans to boost it's

19
00:00:57,480 --> 00:01:00,840
Speaker 1: quarterly dividend and repurchase an additional one hundred and ten

20
00:01:00,960 --> 00:01:04,280
Speaker 1: billion dollars in shares that would be the largest buyback

21
00:01:04,440 --> 00:01:08,120
Speaker 1: in US history. Police have arrested more than two thousand

22
00:01:08,160 --> 00:01:11,639
Speaker 1: people during the protests in college campuses over the past

23
00:01:11,640 --> 00:01:14,720
Speaker 1: few weeks. Bloombrigg's Ed Baxter has the story.

24
00:01:14,640 --> 00:01:17,480
Speaker 3: Arrests in every corner of the nation and President Joe

25
00:01:17,480 --> 00:01:21,440
Speaker 3: Biden directly addressing it, saying two principles at play. First

26
00:01:21,959 --> 00:01:24,800
Speaker 3: is the right to free speech and for people to

27
00:01:24,840 --> 00:01:29,240
Speaker 3: peacefully assemble and make their voices heard. The second is

28
00:01:29,280 --> 00:01:30,080
Speaker 3: the rule of law.

29
00:01:31,160 --> 00:01:32,440
Speaker 2: Both must be upheld.

30
00:01:32,840 --> 00:01:35,959
Speaker 3: He says the two have to balance, so protest but

31
00:01:36,080 --> 00:01:39,679
Speaker 3: not be violent or hateful at Baxter Bloomberg Radio.

32
00:01:40,319 --> 00:01:43,680
Speaker 1: Arizona Governor Katie Hobbs has signed a bill repealing in

33
00:01:43,760 --> 00:01:47,320
Speaker 1: eighteen sixty four near total ban on abortion in the state.

34
00:01:48,000 --> 00:01:51,960
Speaker 1: This after Arizona's Supreme Court reinstated the Civil War era

35
00:01:52,120 --> 00:01:55,920
Speaker 1: law last month. The law banned all abortions except in

36
00:01:56,000 --> 00:01:59,120
Speaker 1: cases that threatened the life of the mother. Here Sawbs

37
00:01:59,120 --> 00:02:00,960
Speaker 1: speaking at a bill signing ceremony.

38
00:02:01,080 --> 00:02:04,560
Speaker 4: Today we are doing what twenty three governors and fifty

39
00:02:04,600 --> 00:02:06,720
Speaker 4: five legislatures refused to do.

40
00:02:07,160 --> 00:02:09,000
Speaker 5: And I am so proud to be the ones that

41
00:02:09,080 --> 00:02:10,120
Speaker 5: got this job. Done.

42
00:02:10,240 --> 00:02:14,280
Speaker 1: The repeal reinforces Arizona's twenty twenty two abortion law that

43
00:02:14,560 --> 00:02:19,320
Speaker 1: bans the procedure after fifteen weeks of pregnancy. Bloomberg News

44
00:02:19,360 --> 00:02:23,040
Speaker 1: has learned that Huawei Technologies has been secretly funding cutting

45
00:02:23,040 --> 00:02:27,200
Speaker 1: age research at US universities. Huawei is the sole funder

46
00:02:27,240 --> 00:02:31,160
Speaker 1: of an awards program run by the Optica Foundation. Bloomberg

47
00:02:31,200 --> 00:02:33,320
Speaker 1: reporter Kato O'Keefe broke the story.

48
00:02:33,600 --> 00:02:37,120
Speaker 6: Quawe is on so many different US government lists. Probably

49
00:02:37,160 --> 00:02:41,600
Speaker 6: the most significant are these Commerce Department restrictions that prevent

50
00:02:41,680 --> 00:02:44,560
Speaker 6: people and entities from sharing technology with the company. But

51
00:02:44,919 --> 00:02:48,920
Speaker 6: in terms of academic research or research that's meant to

52
00:02:48,960 --> 00:02:51,239
Speaker 6: be published, those rules don't apply.

53
00:02:51,480 --> 00:02:55,760
Speaker 1: Bloomberg's Kato O'Keefe. Applicants and university officials say they did

54
00:02:55,760 --> 00:02:58,919
Speaker 1: not know about Huawei's role in the awards until a

55
00:02:59,000 --> 00:03:02,560
Speaker 1: reporter asked them about it. Donald Trump may be spending

56
00:03:02,600 --> 00:03:05,760
Speaker 1: most days in a courtroom in Manhattan, but he's still

57
00:03:05,880 --> 00:03:08,880
Speaker 1: focusing on winning the White House this fall and this

58
00:03:09,040 --> 00:03:13,000
Speaker 1: weekend the next step in his campaign. Bloomberg's Amy Morris

59
00:03:13,040 --> 00:03:14,440
Speaker 1: has that story from Washington.

60
00:03:14,720 --> 00:03:17,640
Speaker 4: Trump is sharpening his focus on a possible running mate

61
00:03:17,639 --> 00:03:20,840
Speaker 4: by bringing top contenders for the job to an exclusive

62
00:03:20,880 --> 00:03:24,000
Speaker 4: donor retreat in Palm Beach this weekend, along with hundreds

63
00:03:24,040 --> 00:03:27,600
Speaker 4: of deep pocketed GOP backers. Sources tell Bloomberg the shortlist

64
00:03:27,639 --> 00:03:31,440
Speaker 4: includes Ohio Senator jd Vance, North Dakota Governor Doug Burgham,

65
00:03:31,600 --> 00:03:35,120
Speaker 4: Florida Senator Marco Rubio, and South Carolina Senator Tim Scott.

66
00:03:35,240 --> 00:03:38,840
Speaker 4: Trump's campaign says nobody knows when or who Trump might choose,

67
00:03:38,880 --> 00:03:41,400
Speaker 4: and Trump has said he'll make his decision closer to

68
00:03:41,440 --> 00:03:44,960
Speaker 4: the Republican National Convention in July in Washington. Amy Morris

69
00:03:44,960 --> 00:03:45,760
Speaker 4: Bloomberg Radio.

70
00:03:46,360 --> 00:03:50,520
Speaker 1: When Berkshire Hathaway devotees gather in Omaha on Saturday for

71
00:03:50,560 --> 00:03:53,880
Speaker 1: the company's annual meeting, there will be a noticeable void

72
00:03:54,040 --> 00:03:57,080
Speaker 1: on stage. Bloomberg's Karen Moscow has more.

73
00:03:57,200 --> 00:03:59,960
Speaker 5: The meeting is Burgshire's first since Charlie Monker. Warren bhe

74
00:04:00,000 --> 00:04:03,000
Speaker 5: if It's longtime business partner and right hand man, died

75
00:04:03,080 --> 00:04:06,120
Speaker 5: in November, just month shy of his one hundredth birthday.

76
00:04:06,360 --> 00:04:10,160
Speaker 5: Jim Shanahan. Analysted Edward Jones says without Munger, it may

77
00:04:10,200 --> 00:04:12,800
Speaker 5: be a somber start this weekend. Buffett will be joined

78
00:04:12,840 --> 00:04:15,680
Speaker 5: on stage by his anointed eir apparent, greg Abel, who

79
00:04:15,800 --> 00:04:19,279
Speaker 5: runs all non insurance operations, and Age Jane, who oversees

80
00:04:19,320 --> 00:04:23,159
Speaker 5: Berkshire's insurance businesses. Those businesses may post a forty percent

81
00:04:23,240 --> 00:04:26,320
Speaker 5: jump in earnings on better underwriting results and higher yields,

82
00:04:26,440 --> 00:04:30,320
Speaker 5: according to Bloomberg Intelligence. Karen Moscow Bloomberg Radio.

83
00:04:30,560 --> 00:04:33,440
Speaker 1: That's news when you want it with Bloomberg News Now.

84
00:04:33,720 --> 00:04:35,800
Speaker 1: I'm Brian Curtis. This is Bloomberg