Business
Japan PM Says US Tariffs ‘Regrettable’, Docs Link China to Russia Drones | Bloomberg The Pulse 07/08
President Donald Trump unveiled a wave of letters again threatening key trading partners with high tariff rates even as he delayed the increased duties until Aug. 1 and suggested that he was still open to negotiations. Trump posted letters to various nations on social media on Monday, starting with his intent to impose 25% levies on goods from Japan and South Korea. A dozen more followed throughout the afternoon, outlining plans to tariff goods from trading partners including South Africa, Indonesia, Thailand and Cambodia.
Later at the White House, Trump signed an executive order that further delayed the so-called “reciprocal” tariffs, effectively buying each affected nation an extra three weeks to cut a deal. Japanese Prime Minister Shigeru Ishiba called the announcement of slightly higher US tariffs “truly regrettable” while he vowed to continue to protect his nation’s interests in the extended trade negotiations. Meanwhile in geopolitics, documents reviewed by Bloomberg offer unprecedented insight into how Moscow capitalized on its friendly ties with Beijing to skirt Western sanctions and acquire the know-how and capability to build drones to attack Ukraine. Soon after President Vladimir Putin launched his full-scale war on Ukraine, a little-known Russian company thousands of miles away hatched a plan to partner with Chinese firms and solve one of the most urgent challenges faced by the invading army — the need for combat drones that were radically reshaping the battlefield. Taken together, the documents show how sensitive technologies can move from China to Russia even if President Xi Jinping’s government says it’s not supplying either side.
Today’s guests: Rufaro Chiriseri, RBC Wealth Management Fixed Income UK Head, Daniel Rudnicki Schlumberger, JPMorgan EMEA Leveraged Finance Head, Vlad Tenev, Robinhood CEO, Fiona Eastwood, Merlin Entertainments CEO
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:44 – EU Says It’s Making Progress on US Trade Deal
00:06:26 – Rufaro Chiriseri, RBC Wealth Management Fixed Income UK Head
00:07:18 – Trump Unveils New Batch of Tariff Demands
00:08:15 – Brazil President: US Cannot Threaten the World
00:18:26 – Daniel Rudnicki Schlumberger, JPMorgan EMEA Leveraged Finance Head
00:24:49 – Robinhood Tokenizes US Shares for European Traders
00:28:34 – Vlad Tenev, Robinhood CEO
00:36:05 – Macron to Discuss Security & Migration in State Visit to UK
00:43:04 – Fiona Eastwood, Merlin Entertainments CEO
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Business
Blinken on AI leaders’ warnings: They’re saying something is rotten in Oz
“This is like the wizard is telling you something is rotten in Oz,” says Former US State Secretary Antony Blinken on AI industry leaders sounding warnings about the risks of their own technology.
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Business
Trump Defends AI Amid Voter Unease
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news from DC. On today’s show, former Secretary of State Antony Blinken, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Groundwork Collaborative Senior Fellow Kitty Richards.
Chapters
00:00:00 Radio Balance of Power: Early Edition
00:00:56 Treasury Yields Hit 5% as Bessent Faces Congress
00:02:11 Bessent’s Fiscal Plan & Trump’s $5,000 Dividend
00:03:50 U.S.-China Talks, Trade & AI
00:05:57 Antony Blinken on AI Safety & the Race With China
00:09:37 Could the U.S. and China Agree on AI Guardrails?
00:12:14 Blinken on Iran & a Diplomatic Off-Ramp
00:15:13 Iran, U.S. Diplomacy & the Nuclear Deal
00:19:04 Blinken on October 7 & the Hostage Negotiations
00:21:34 Russia, Ukraine & Sanctions
00:25:35 Democrats, Israel & Foreign Policy
00:27:05 Blinken on Gaza & a Two-State Solution
00:30:04 Political Panel: Russia, Iran & AI
00:33:18 Can the Iran War End Before the Midterms?
00:38:03 AI Regulation & Competition With China
00:43:07 Markets: Oil Surges, Stocks Fall & Yields Hit 5%
00:45:50 Fed Meeting, Treasury Yields & Bessent
00:47:22 Trump’s $5,000 Checks & the Deficit
00:49:06 What to Expect From the Fed
00:50:32 Oil, Inflation & the Strait of Hormuz
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Business
UNGA president: “Lives are at stake” in the Israel-Gaza conflict
“Lives are at stake.” United Nations General Assembly President Khalilur Rahman says the Rohingya crisis offers lessons for the conflict between Israel and Gaza, stressing that diplomatic solutions can take time.
He says that as efforts toward a resolution continue, the international community must not lose sight of the people affected by the conflict.
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Business
How the Fed’s Hawkish Hike Is Shaping Global Markets
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
Chapters:
00:00:00 – Insight with Haslinda Amin Begins
00:02:00 – Global markets react to Fed’s first rate hike since 2023
00:04:32 – Amundi Group CIO Vincent Mortier on Fed’s hawkish message
00:07:31 – Vincent Mortier on yields and equity markets
00:12:01 – China considers BYD to join Xi’s CEO entourage for Trump summit
00:12:58 – Port of Los Angeles Executive Director Eugene Seroka on record cargo volumes
00:19:08 – Eugene Seroka on global trade outlook
00:23:40 – Oil holds lower as Saudi Arabia moves to restore pipeline
00:28:09 – Thai Energy Minister Akanat Promphan on energy security and oil imports
00:28:45 – Akanat Promphan on looking for oil beyond the Middle East
00:42:43 – Indian tech billionaire Deepinder Goyal on AI disruptions
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More on Bloomberg Television and Markets
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Business
Silicon Valley’s race to arm America’s military#shorts #military #siliconvalley #startup
A more dangerous world is pushing the Pentagon and Silicon Valley closer together, creating a new boom in defense and space technologies. Wall Street Week takes a look into the startup race to reimagine America’s military https://bloom.bg/4xRrNq0
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