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Meta Is Planning Cloud Business to Take on Amazon, Google

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Meta Platforms is developing plans to build a cloud infrastructure business that would sell access to AI computing power and models. It would take on industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud. Mandeep Singh of Bloomberg Intelligence has details.
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Citigroup CEO Brings Long-Troubled Bank Into Trump’s Graces

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Citigroup’s CEO Jane Fraser has brought the third-largest bank back from the brink and is quickly building a rapport with President Trump and his administration, a feat that has eluded many peers. Todd Gillespie explains how she managed it
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America250: Live from the Intrepid in New York | Bloomberg This Weekend: July 4

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Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.

David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.
Bloomberg This Weekend gives you insight to make sense of the world.

Here are the stories we’re covering today:
– President Donald Trump basked in a celebration of the country’s 250th birthday at Mount Rushmore on Friday, standing before a memorial to some of the most beloved presidents as he looks to boost his own political standing ahead of midterm elections.
– A searing heat dome was set to push electricity demand across the eastern US toward record levels over the July 4 holiday, straining power grids and halting one of Washington DC’s main events for hours.
– Americans hit the peak of the summer driving season this July 4 holiday weekend wincing at the cost of gasoline, still running nearly a dollar a gallon higher than before the war with Iran despite falling sharply in recent weeks.
– From a flotilla parade of old-timey ships to a traveling “Freedom Plane” carrying rare historic documents, historians, curators and other organizers are pulling out all the stops for America’s 250th anniversary. 
– America’s Independence Day Parade in Washington DC has been canceled due to extreme heat, the latest event to be disrupted by a searing heat dome that continues to hover over the east of the country.
– t least eight ships attempting to leave the Persian Gulf along the Omani coast turned back between Friday and Saturday, in the latest sign that reopening the Strait of Hormuz remains complicated by Iran seeking to assert its control over the key waterway. Some of the vessels continued with their transits by switching to a route closer to Iran.

Today’s show includes conversations with:
– Ken Burns, Renowned Documentary Filmmaker, “The American Revolution”
– Vice Adm. Kevin Donegan (Ret.), Fmr. Director of Navy Staff, Fmr. Commander US Fifth Fleet
– Susan Marenoff-Zausner, Intrepid Museum, President
– Robbie Lauf, Theodore Roosevelt Presidential Library Director
– Brittany Spanos, Pop Culture & Celebrity Journalist
– Lt. Gen. Michael Linnington (Ret. – Army), USO CEO
– Gov. Wes Moore (D) Maryland
– Robert Snyder, Rutgers University, Professor Emeritus of American Studies

#politics #trump #iran , #iranwar, #elections #electionnews #worldcup2026 #knicks #knicksfans #swarovski #spacex #spacexupdates #spacexnews #spacexipo

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AI Boom Cements HK’s Role as Gateway to China | The China Show | 7/3/2026

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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.

Chapters:
00:00:00 – Bloomberg: The China Show opens
00:01:12 – US jobs growth slows sharply in June
00:12:29 – Kuaishou indicated higher in HK as Kling is set to raise $2B from investors
00:14:47 – China tech’s deepening valuation slump
00:17:46 – Alert: Yen strengthens after Katayama says ready to act on yen
00:23:19 – China, Hong Kong markets open
00:28:05 – Global X’s Billy Leung on AI bets
00:40:07 – Booming AI chip trade seals HK role as gateway to China
00:40:21 – Alert: China services gauge fares better than forecast despite slip
00:42:49 – White House’s NEC Director Kevin Hassett reacts to US jobs data
00:52:49 – JPMorgan Asset Management’s Julio Callegari on Fed rate bets after a weak jobs report
00:59:09 – Katayama repeats ready to act on the yen
01:03:10 – Opinion: Yen psychology is a losing game
01:11:04 – React: SoftBank expands US cloud efforts, teases Japan expansion
01:17:33 – Takaichi, Modi deepen economic ties to cut reliance on China
01:22:03 – Chinese milk tea chain fined $1.5M: Reports
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Why Tech Talent Is Leaving the US

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Skilled immigrants who obtained their education and built careers in the US are increasingly wondering whether the opportunities they once sought in America can be had elsewhere.

Interviews with dozens of immigrant professionals reveal growing concerns about the Trump administration’s immigration restrictions and visa rules. The resulting talent drain could do lasting damage to America’s longstanding advantage in innovation.

How Trump’s Crackdown on H-1B Visas Imperils the American Dream: https://bloom.bg/3SQVFTR

The US has long been a top destination for talented immigrants. But that calculus is changing.

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#Visas #Immigration #Tech

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US Flyover Showcases Next-Generation Airpower

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Retired US Army Colonel Wayne Sanders joins Bloomberg This Weekend during the 4th of July Naval Review and tall ships parade, ‘Sail4th 250’ taking place in the Hudson River.  Col. Sanders explains to David Gura and Christina Ruffini how this show on the Hudson underscores US military capabilities in stealth and surveillance.
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