April 23, 2024 • 5 mins
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Speaker 1 (00:01):
News when you wanted with Bloomberg News Now, I'm Brian
Curtis in Hong Kong. The US Senate is set to
vote tomorrow on ninety five billion dollars in foreign aid
that includes sixty one billion in funding for Ukraine. European
Investment Bank President Nadia Calvino says the funding will help
get Ukraine's war effort back on track.
Speaker 2 (00:21):
The decision that has been taken by the US to
provide support for more than sixty billion dollars is very valuable,
and these joints also the previous decision of the European
institutions to provide fifty billion euros in the Ukraine facility,
which we will manage at the European Investment Bank, and
I think it will provide much, much valuable support for
the reconstruction as well as a military effort.
Speaker 1 (00:43):
Nadia Calvino with the European Investment Bank on Bloomberg Television.
President Biden told Ukrainian President Vladimir Zelenski the White House
will move quickly to distribute assistance. The European Union has
opened a new probe into TikTok's parent company by Dan.
Bloomberg's Joanne Wong as the story from Hong Kong.
Speaker 3 (01:03):
The EU is looking into whether the new TikTok light
app has violated a new content law. The app promises
to pay users through a points system. The European Commission
said that might have an addictive effect on users. TikTok
was given twenty four hours to deliver a risk assessment
to the Commission, otherwise the app could be fined up
to one percent of its total annual income. The EU
(01:25):
also said it plans to order TikTok to suspand the
app's rewards system until the future can be fully assessed.
In Hong Kong, Joan Wong Bloomberg Radio.
Speaker 1 (01:34):
Columbia University has moved its classes online after days of
anti Israel protests. The protests have prompted condemnation from the
White House in City Hall. Columbia University President Minus Chaffique
has said that the move to remote classes is aimed
at de escalating tensions. Schaffik is coming under increased scrutiny
(01:54):
after the university called in police officers cleared a pro
Palestinian demonstration on the campus lawn. Similar protests have sprung
up at New York University Yale at Massachusetts Institute of Technology.
Well attorneys have made their opening statements in Donald Trump's
hush money trial. Prosecutors began by saying that the former
(02:15):
president orchestrated a criminal scheme to corrupt the twenty sixteen
presidential election. Defense attorneys counter calling Trump innocent. They also
said the Manhattan District Attorney's office should.
Speaker 4 (02:27):
Never have brought the case.
Speaker 1 (02:29):
Bloomberg Law host June Grosso says the defense will focus
on discrediting witnesses in the case.
Speaker 5 (02:35):
Much of the defense is going to be an attack
on Michael Cohen, who is the star witness for the prosecution.
They went after him really hard. They said he was
obsessed with President Trump. He was disbarred. He's a convicted
felon and a convicted perjurer. So I think that's where
we see the case going.
Speaker 1 (02:53):
Bloomberg Law host June Grosso. The trial resumes tomorrow at
nine thirty in the morning. Wall Street Time Tesla has
cut more personnel, this time it's marketing team. Less than
a year after it was created. We heard the cuts
are part of the ten percent layoffs announced last week.
About forty employees were released. The move follows a weekend
(03:14):
of price cuts for Tesla in the US, China, and Europe.
Bloomberg's Ed Ludlow says the changes could mean Elon Musk
is refocusing on Tesla.
Speaker 6 (03:23):
I think Elon Musk has been away doing other things
and he's come back to Tesla and looked at everything
that's happened and said, right, I'm actually going to get
back in hands on now. And the thing is that
all of these things are happening in parallel. The layoffs,
the pivot to ROBOTAXI, the rethink on a twenty five
thousand dollars EV And that's why this early scored in
(03:43):
twenty four hours time is so important. We're on track
for the first year on year dropping revenue since the
second quarter of twenty twenty, of forty percent drop in
operating income, and I think investors in the short, medium
and long term are just a bit confused.
Speaker 4 (03:55):
Bloomberg's Ed Ludlow.
Speaker 1 (03:56):
Tesla reports first quarter results after the market closes tomorrow
in the US. About one hundred eighty companies in the
S and P five hundred will report earnings this week.
The focus will be on big technology companies. We'll be
hearing from Microsoft, Alphabet Meta Platforms and Tesla for the
so called Magnificent Seven. For the entire group, profits are
(04:18):
forecast to rise thirty eight percent from last year. Bloomberg's
Abigail Doolittle says markets will weigh the influence of FED
policy as the first of the mag seven report.
Speaker 7 (04:29):
Meta is really interesting from the standpoint that this company
legitimately is looking at big growth for the next quarter,
double digits. That's true from Microsoft too.
Speaker 4 (04:38):
I'll have that.
Speaker 7 (04:39):
For the profit, they're actually looking at a decent gain,
but the top line is expected to slide. I think
the most important thing will be color about the future
inflation the FED, if any is to come out of
these stall warts, these names that have really been holding
up the market to some degree up until the last
few weeks.
Speaker 1 (04:54):
Bloomberg's Abigail Dolittle, that's news when you want it with
Bloomberg News.
Speaker 4 (04:59):
Now. I'm Braen Curtis. This is Bloomberg
News when you wanted with Bloomberg News Now, I'm Brian
Curtis in Hong Kong. The US Senate is set to
vote tomorrow on ninety five billion dollars in foreign aid
that includes sixty one billion in funding for Ukraine. European
Investment Bank President Nadia Calvino says the funding will help
get Ukraine's war effort back on track.
Speaker 2 (00:21):
The decision that has been taken by the US to
provide support for more than sixty billion dollars is very valuable,
and these joints also the previous decision of the European
institutions to provide fifty billion euros in the Ukraine facility,
which we will manage at the European Investment Bank, and
I think it will provide much, much valuable support for
the reconstruction as well as a military effort.
Speaker 1 (00:43):
Nadia Calvino with the European Investment Bank on Bloomberg Television.
President Biden told Ukrainian President Vladimir Zelenski the White House
will move quickly to distribute assistance. The European Union has
opened a new probe into TikTok's parent company by Dan.
Bloomberg's Joanne Wong as the story from Hong Kong.
Speaker 3 (01:03):
The EU is looking into whether the new TikTok light
app has violated a new content law. The app promises
to pay users through a points system. The European Commission
said that might have an addictive effect on users. TikTok
was given twenty four hours to deliver a risk assessment
to the Commission, otherwise the app could be fined up
to one percent of its total annual income. The EU
(01:25):
also said it plans to order TikTok to suspand the
app's rewards system until the future can be fully assessed.
In Hong Kong, Joan Wong Bloomberg Radio.
Speaker 1 (01:34):
Columbia University has moved its classes online after days of
anti Israel protests. The protests have prompted condemnation from the
White House in City Hall. Columbia University President Minus Chaffique
has said that the move to remote classes is aimed
at de escalating tensions. Schaffik is coming under increased scrutiny
(01:54):
after the university called in police officers cleared a pro
Palestinian demonstration on the campus lawn. Similar protests have sprung
up at New York University Yale at Massachusetts Institute of Technology.
Well attorneys have made their opening statements in Donald Trump's
hush money trial. Prosecutors began by saying that the former
(02:15):
president orchestrated a criminal scheme to corrupt the twenty sixteen
presidential election. Defense attorneys counter calling Trump innocent. They also
said the Manhattan District Attorney's office should.
Speaker 4 (02:27):
Never have brought the case.
Speaker 1 (02:29):
Bloomberg Law host June Grosso says the defense will focus
on discrediting witnesses in the case.
Speaker 5 (02:35):
Much of the defense is going to be an attack
on Michael Cohen, who is the star witness for the prosecution.
They went after him really hard. They said he was
obsessed with President Trump. He was disbarred. He's a convicted
felon and a convicted perjurer. So I think that's where
we see the case going.
Speaker 1 (02:53):
Bloomberg Law host June Grosso. The trial resumes tomorrow at
nine thirty in the morning. Wall Street Time Tesla has
cut more personnel, this time it's marketing team. Less than
a year after it was created. We heard the cuts
are part of the ten percent layoffs announced last week.
About forty employees were released. The move follows a weekend
(03:14):
of price cuts for Tesla in the US, China, and Europe.
Bloomberg's Ed Ludlow says the changes could mean Elon Musk
is refocusing on Tesla.
Speaker 6 (03:23):
I think Elon Musk has been away doing other things
and he's come back to Tesla and looked at everything
that's happened and said, right, I'm actually going to get
back in hands on now. And the thing is that
all of these things are happening in parallel. The layoffs,
the pivot to ROBOTAXI, the rethink on a twenty five
thousand dollars EV And that's why this early scored in
(03:43):
twenty four hours time is so important. We're on track
for the first year on year dropping revenue since the
second quarter of twenty twenty, of forty percent drop in
operating income, and I think investors in the short, medium
and long term are just a bit confused.
Speaker 4 (03:55):
Bloomberg's Ed Ludlow.
Speaker 1 (03:56):
Tesla reports first quarter results after the market closes tomorrow
in the US. About one hundred eighty companies in the
S and P five hundred will report earnings this week.
The focus will be on big technology companies. We'll be
hearing from Microsoft, Alphabet Meta Platforms and Tesla for the
so called Magnificent Seven. For the entire group, profits are
(04:18):
forecast to rise thirty eight percent from last year. Bloomberg's
Abigail Doolittle says markets will weigh the influence of FED
policy as the first of the mag seven report.
Speaker 7 (04:29):
Meta is really interesting from the standpoint that this company
legitimately is looking at big growth for the next quarter,
double digits. That's true from Microsoft too.
Speaker 4 (04:38):
I'll have that.
Speaker 7 (04:39):
For the profit, they're actually looking at a decent gain,
but the top line is expected to slide. I think
the most important thing will be color about the future
inflation the FED, if any is to come out of
these stall warts, these names that have really been holding
up the market to some degree up until the last
few weeks.
Speaker 1 (04:54):
Bloomberg's Abigail Dolittle, that's news when you want it with
Bloomberg News.
Speaker 4 (04:59):
Now. I'm Braen Curtis. This is Bloomberg
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