Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Chrisner.
Speaker 1: In Washington, Senate Democratic Leader Chuck Schumer is saying today
Speaker 1: his party will block a Republican spending bill that was
Speaker 1: aimed at averting a government shutdown on Saturday. Speaking earlier
Speaker 1: on the Senate floor, Schumer urged the GOP to accept
Speaker 1: a Democratic plan to provide thirty days of interim funding instead.
Speaker 2: Republicans do not have the votes in the Senate to
Speaker 2: invoke cloture on the House cr Our caucus is unified
Speaker 2: on a clean April eleventh r that will keep the
Speaker 2: government open and give Congress time to negotiate by parties
Speaker 2: in legislation that can pass.
Speaker 1: That is Senator Chuck Schumer speaking there now. In the Senate,
Speaker 1: sixty votes are needed to cut off procedural hurdles, and
Speaker 1: Republicans only have fifty three votes in the chamber. This
Speaker 1: will significantly raise the chance of a government shutdown this weekend.
Speaker 1: SpaceX has delayed the lawn of a new crew to
Speaker 1: the International Space Station due to an issue with ground equipment.
Speaker 1: Now this delay will affect the return of astronauts Butch
Speaker 1: Wilmore and Sunny Williams. The two have been on the
Speaker 1: ISS since last June. You'll remember they were initially supposed
Speaker 1: to stay for about a week. Here is the audio
Speaker 1: from SpaceX's launch being called off.
Speaker 3: Hets PACEX Dragon d Kapiol stay flights take even to
Speaker 3: Takaro already with the equipmentized.
Speaker 2: Yeah, sorry about the unfortunate result today, but we'll get
Speaker 2: you back up here and there soon.
Speaker 1: Now. The next opportunity for SpaceX to launch is tomorrow.
Speaker 1: The crew ten astronauts must arrive at the station and
Speaker 1: complete a handover period before Wilmore and Williams can depart
Speaker 1: on a SpaceX craft. Intel has named a new CEO.
Speaker 1: He is former Intel board member and semiconductor veteran Liphutan,
Speaker 1: the former head of Cadence Design Systems. Ton will take
Speaker 1: over as Intel CEO on March eighteenth. Meantime, TSMC has
Speaker 1: pitched chip makers and Nvidia, AMD and Broadcom about a
Speaker 1: joint venture to operate Intel's factories. We are told TSMC
Speaker 1: would run the operations of Intel's foundry division, but would
Speaker 1: not own more than fifty percent. Here is Bloomberg's Bailey Lipshultz.
Speaker 4: They really need to do something to get this business operating.
Speaker 4: When you look at it compared to peers, this is
Speaker 4: a company that was a huge US player and has
Speaker 4: been really left in the dust when you look at
Speaker 4: AI companies, when you look at manufacturing chips, and I
Speaker 4: remember being in a conference in the fall and asking
Speaker 4: investors and analysts like, what's the path forward, and they
Speaker 4: all kind of shrugged and said, it's just bad out there,
Speaker 4: and it's only really gotten more uncertain.
Speaker 1: That is Bloomberg's Bailey lipshold shares and Intel were up
Speaker 1: as much as eleven percent in late US trading. The
Speaker 1: Federal Trade Commission is moving forward with an antitrust investigation
Speaker 1: of Microsoft. Now, this probe was opened in the waning
Speaker 1: days of the Biden administration. Here is Bloomberg Sarah Frear.
Speaker 5: There was a bit of surprise just considering that we
Speaker 5: didn't know if the Trump administration was going to have
Speaker 5: a similar a similar look at these big tech companies,
Speaker 5: considering how much they have done to try to appeal
Speaker 5: to him. There have been a lot of meetings between
Speaker 5: Trump and big tech exacs. We've heard the administration repeat
Speaker 5: some of the favorite policy lines of big tech exacts.
Speaker 1: That is Bloomberg Sarah Friar. Now the FTC is compelling
Speaker 1: Microsoft to turn over data about its AI operations, including
Speaker 1: the cost of training those AI models. President Trump's tariffs
Speaker 1: on US imports of steel and aluminum have sparked retaliation.
Speaker 1: Countermeasures from the European Union include a fifty percent tariff
Speaker 1: on American whiskey, and there will also be new EU
Speaker 1: tariffs on American beef, poultry, motorcycles, peanut butter, and jeans.
Speaker 1: Here is European commissioned President Ursula Vunderlion.
Speaker 6: The European Union must act to protect consumers and business.
Speaker 6: The countermeasures we take today are strong but proportionate. As
Speaker 6: the United States are applying tariff's worth twenty eight billion dollars,
Speaker 6: we are responding with countermeasures worth twenty six billion euros.
Speaker 1: That is Ursula Vonderlion there. Now. President Trump is vowing
Speaker 1: to respond. He spoke earlier from the Oval Office.
Speaker 3: The European Union treats US very badly. They have for years.
Speaker 3: I saw that I had it out with him in
Speaker 3: my first term, did well, but we had to solve
Speaker 3: other problems and we did. But European Union has been
Speaker 3: very tough and it's our turn too, you know. We
Speaker 3: get a turn at that.
Speaker 1: Also, Trump's pledge is raising the risk of further escalation
Speaker 1: in his global trade war. Most of the equity market
Speaker 1: gained ground today after two days of heavy losses. Today's
Speaker 1: advance followed a cool reading on consumer prices. Here is
Speaker 1: Bloomberg's Michael McKee on February's CPI.
Speaker 7: CPI at a month over month basis just up two
Speaker 7: tents of eight percent, and the core is up just
Speaker 7: two tenths of a eight percent. That pushes the year
Speaker 7: over year CPI down to two point eight percent and
Speaker 7: the core down to three point one percent, suggesting that
Speaker 7: the Fed could start making a case for additional rate
Speaker 7: cuts if they wanted to, and they may have to
Speaker 7: given what's going on in Washington.
Speaker 1: That is Bloomberg's Michael McKee. Now tomorrow's reading on producer
Speaker 1: prices may hold the key as to whether there is
Speaker 1: more confidence in diminishing inflation. And that is news when
Speaker 1: you want it with Bloomberg News. Now, I'm Doug Chrisner,
Speaker 1: and this is Bloomberg