“Increasing the military spending by 50% is absolutely irresponsible,” said Kentucky Sen. Rand Paul after Defense Secretary Pete Hegseth appeared before a Senate committee to request additional defense funding https://bloom.bg/4wWIb7X

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Ron Kruszewski, Stifel chairman and ceo, says artificial intelligence will lead to productivity gains. He says financial advisers are still valuable and AI can help them. He speaks on “Bloomberg The Close.”
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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

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00:00:00 – Bloomberg: The China Show opens
00:02:42 – US accuses Moonshot of using banned chips
00:11:05 – Investors assess Alphabet and Tesla earnings
00:15:36 – Fidelity’s Thomas Taw on why US equities don’t resemble a bubble
00:25:19 – Fidelity’s Thomas Taw on the strength of China’s AI ecosystem
00:29:18 – How far can Beijing go to stem China’s stock sell-off?
00:36:12 – Houthi attacks in the Red Sea open a new front in the Iran conflict
00:39:56 – Rubio and Wang Yi report progress on trade and investment talks
00:50:08 – Can the BOJ push back against yen weakness?
00:54:45 – Oil extends gains as Middle East tensions escalate
01:02:44 – China’s top funds rotate from consumer stocks into AI plays
01:11:26 – OCBC’s Lavanya Venkateswaran on Bank Indonesia’s rate hold
01:21:19 – South Korean unions push for bigger bonuses after Samsung payout
01:28:50 – Canada seeks to elevate relations with China
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Palantir CTO Shyam Sankar said that China has developed a new vanguard of artificial intelligence models through unauthorized use of work produced by Silicon Valley AI developers, posing an economic threat to the US. He spoke with Tyler Kendall on the sidelines of a defense innovation conference in Pennsylvania https://bloom.bg/4f3MV5B

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Nvidia CEO Jensen Huang says artificial intelligence is transforming the semiconductor industry as computers increasingly serve AI agents and robots, driving demand for a much larger global chip supply chain and deepening the company’s partnership with South Korea’s SK Group. He also says China will remain a leading AI innovator despite different constraints, while arguing that open AI models are essential for innovation, security and giving businesses greater control over their own systems.
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