Today Bloomberg Tech host Ed Ludlow details his conversation with SK Hynix CEO Kwak Noh-Jung as the South Korean memory chip maker makes its US debut. Then, Bloomberg White House and Washington correspondent discusses President Trump’s dismissal of two Democrat members of the US Election Assistance Commission and the latest from the MidEast. Plus, Bloomberg senior editor Nina Trentmann is joined by Lumen CFO Chris Stansbury on providing AI infrastructure. Finally, Bloomberg ‘Business of Sports’ Host Vanessa Perdomo-Maglione is joined by Gotham FC governor Carolyn Tisch-Blodgett on the NWSL club’s move to Queens and capitalizing on World Cup excitement.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:00:01 SK Hynix’s Historic U.S. Stock Market Debut
00:04:20 Why SK Hynix Matters to the AI Boom
00:07:00 Will the Memory Chip Shortage Last Beyond 2030?
00:11:50 Trump Removes Election Commission Members
00:17:10 White House Update: Iran Talks Continue
00:21:20 Lumen’s AI Infrastructure Strategy
00:24:50 Building the ‘Nervous System’ for AI Networks
00:29:55 Market Update: SK Hynix Leads Chip Stocks
00:34:35 Gotham FC’s Historic Move to New York City
00:37:00 Growing Women’s Soccer Through the World Cup
00:42:45 Market Update: Tech Stocks Hold Weekly Gains
00:43:20 Stocks on the Move
00:43:45 SK Hynix Surges in U.S. Debut
00:44:45 Meta Gains on AI Optimism
00:46:15 Oracle Falls After Credit Rating Downgrade
00:47:25 Global Markets Beyond U.S. Tech
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Apple sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about upcoming products. Joe Mathieu and Ed Ludlow report https://bloom.bg/4f5fAHD

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Can a man wearing a trash can really take on Reform UK’s Nigel Farage? Lizzy Burden explains what you need to know about Count Binface.
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California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can’t afford not to tax wealth that’s grown far faster than ordinary incomes.

Billionaires Fleeing Taxes Flock to Lake Tahoe Haven Across California’s Border: https://bloom.bg/4as0EAk

Massive IPOs and a potential wealth tax are sending a cascade of Silicon Valley money into Nevada’s Incline Village, reshaping the quiet enclave.

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#Economy #Finance #California #Tax #Billionaries

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Anna Edwards, Guy Johnson and Paul Dobson break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”

Chapters:
00:00:00 – MLIV
00:00:00 – Korean Stocks, Kospi
00:01:08 – SK Hynix US Offering
00:02:06 – Zhipu Stock Surges 22%
00:02:48 – China’s Reflation Shows Signs of Peaking
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