May 8, 2024 • 4 mins
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Speaker 1 (00:01):
News when you wanted. With Bloomberg News Now, I'm Brian
Curtis in Hong Kong. Israeli troops took control of the
Rafa border crossing in Gaza on Tuesday morning. Bloomberg's Dan
Flatley tells us what that means for the ceasefire talks.
Speaker 2 (00:14):
I don't know that it means that there won't be
a ceasefire agreement at some point, but it certainly is
a ratcheting up of the Israeli's position here. There was
a ceasefire proposed by Hamas that was essentially rejected by Israel.
Israel said that some of the concessions or some of
(00:35):
the things that were in that ceasefire agreement did not
meet what they had requested.
Speaker 1 (00:41):
That's Bloombergg's Dan Flatley. International negotiators are at a delicate
phase in talks to pause or end the seven month war.
A deal would include the exchange of hostages for Palestinian
prisoners and an increase of humanitarian aid to the coastal
strip by Dan says filed a legal challenge in the
United State dates against the new TikTok divestor ban law.
(01:03):
The move suggests a prolonged legal battle, and it indicates
that by Dance is not planning to sell the app.
Bloomberg's Mike Shepard has more.
Speaker 3 (01:12):
Since President Joe Biden signed the bill into law last month,
TikTok and its owners, Beijing based Byteedance have been preparing
this legal challenge, and they're doing so on First Amendment grounds.
They're laying the groundwork for serious constitutional challenge to this law,
saying that will infringe the free speech rights of one
hundred and seventy million TikTok users.
Speaker 1 (01:32):
The lawsuit marks the first legal challenge since Congress passed
the law by Dance as selling TikTok as specified by
the law is commercially, technically, and legally unfeasible. The US
has revoked export licenses allowing Intel and Qualcomm to sell
semiconductors to Huawei Technology. We're told the withdrawal effects US
(01:53):
sales of chips for use in Huawei phones and laptops.
Disney shares have plunged nearly ten percent after the company
suggested challenges ahead. Second quarter profit beat estimates, but management
issued a soft forecast on the growth of streaming subscribers.
Disney CFO Hugh Johnston is bullish on the firm's international business.
Speaker 4 (02:14):
We are definitely back on a growth trajectory. Not just China,
but all of Asia represent growth opportunities for us, both
in terms of the streaming service and select markets as
well as in terms of the parks and cruises business.
So we do see good growth opportunities there. Europe and
Latin America continue to be good growth opportunities, and make
no mistake, North America, we're not done growing yet. We
(02:34):
still think there are terrific opportunities here for us.
Speaker 1 (02:36):
Right at home, shares of Disney were down nine point
five percent. While Donald Trump's criminal hush money trial continues
in Manhattan, his classified documents trial is postponed. Bloomberg's Amy
Morris has more.
Speaker 5 (02:49):
US District Judge Eileen Cannon, who is overseeing the criminal
proceeding in Florida, has set a whole new schedule for
motions in the case and announced that a previously scheduled
May twentieth trial date is pushed back now indefinitely. Special
counsel Jack Smith wanted the judge to reschedule the trial
for July, but the judge's order suggests she's not likely
to even decide on a new date by then, it
(03:11):
is a blow to the Justice Department's efforts to get
a jury verdict in the case before the November presidential election.
Smith is also waiting on a ruling on presidential immunity
from the Supreme Court to determine if yet another case
can move forward this year. In Washington, Amy Morris Bloomberg Radio.
Speaker 1 (03:27):
It's a thankless job when interest rates are high and
inflation is elevated, and that continues to be the case
for Fed Chair Jerome Powell, Bloomberg. Nathan Hager has more
from Washington.
Speaker 6 (03:38):
The latest Gallup poll shows Powell struggling to shake his
status as the least popular federal Reserve chief in nearly
a quarter century. Just thirty nine percent of respondents say
they have at least a fair amount of confidence Powell
will do the right thing for the economy. That's up
only slightly from thirty six percent last year, when inflation
was rising even faster than it is now. Split by
(03:59):
party lines, it's just thirty percent of Republicans say they
have confidence in Powell. Fifty six percent of Democrats say
they do. In Washington, I'm Nathan Hager, Bloomberg Radio.
Speaker 1 (04:09):
Well, he's best known for correctly calling the US housing
crisis in two thousand and seven in two thousand and eight.
Now Steve Eisman of Newburger Berman is making a call
on the twenty twenty four presidential race.
Speaker 4 (04:22):
I think that it is completely inevitable at this point
that Donald Trump will win every single swing state and
we'll get elected.
Speaker 1 (04:28):
Heisman says. The pro Palestinian campus protesters are becoming the
face of the Democratic Party. He's predicting they'll make a
repeat appearance at the Democratic convention in Chicago this summer.
That's news when you want it. With Bloomberg News Now,
I'm Brian Curtis. This is Bloomberg
News when you wanted. With Bloomberg News Now, I'm Brian
Curtis in Hong Kong. Israeli troops took control of the
Rafa border crossing in Gaza on Tuesday morning. Bloomberg's Dan
Flatley tells us what that means for the ceasefire talks.
Speaker 2 (00:14):
I don't know that it means that there won't be
a ceasefire agreement at some point, but it certainly is
a ratcheting up of the Israeli's position here. There was
a ceasefire proposed by Hamas that was essentially rejected by Israel.
Israel said that some of the concessions or some of
(00:35):
the things that were in that ceasefire agreement did not
meet what they had requested.
Speaker 1 (00:41):
That's Bloombergg's Dan Flatley. International negotiators are at a delicate
phase in talks to pause or end the seven month war.
A deal would include the exchange of hostages for Palestinian
prisoners and an increase of humanitarian aid to the coastal
strip by Dan says filed a legal challenge in the
United State dates against the new TikTok divestor ban law.
(01:03):
The move suggests a prolonged legal battle, and it indicates
that by Dance is not planning to sell the app.
Bloomberg's Mike Shepard has more.
Speaker 3 (01:12):
Since President Joe Biden signed the bill into law last month,
TikTok and its owners, Beijing based Byteedance have been preparing
this legal challenge, and they're doing so on First Amendment grounds.
They're laying the groundwork for serious constitutional challenge to this law,
saying that will infringe the free speech rights of one
hundred and seventy million TikTok users.
Speaker 1 (01:32):
The lawsuit marks the first legal challenge since Congress passed
the law by Dance as selling TikTok as specified by
the law is commercially, technically, and legally unfeasible. The US
has revoked export licenses allowing Intel and Qualcomm to sell
semiconductors to Huawei Technology. We're told the withdrawal effects US
(01:53):
sales of chips for use in Huawei phones and laptops.
Disney shares have plunged nearly ten percent after the company
suggested challenges ahead. Second quarter profit beat estimates, but management
issued a soft forecast on the growth of streaming subscribers.
Disney CFO Hugh Johnston is bullish on the firm's international business.
Speaker 4 (02:14):
We are definitely back on a growth trajectory. Not just China,
but all of Asia represent growth opportunities for us, both
in terms of the streaming service and select markets as
well as in terms of the parks and cruises business.
So we do see good growth opportunities there. Europe and
Latin America continue to be good growth opportunities, and make
no mistake, North America, we're not done growing yet. We
(02:34):
still think there are terrific opportunities here for us.
Speaker 1 (02:36):
Right at home, shares of Disney were down nine point
five percent. While Donald Trump's criminal hush money trial continues
in Manhattan, his classified documents trial is postponed. Bloomberg's Amy
Morris has more.
Speaker 5 (02:49):
US District Judge Eileen Cannon, who is overseeing the criminal
proceeding in Florida, has set a whole new schedule for
motions in the case and announced that a previously scheduled
May twentieth trial date is pushed back now indefinitely. Special
counsel Jack Smith wanted the judge to reschedule the trial
for July, but the judge's order suggests she's not likely
to even decide on a new date by then, it
(03:11):
is a blow to the Justice Department's efforts to get
a jury verdict in the case before the November presidential election.
Smith is also waiting on a ruling on presidential immunity
from the Supreme Court to determine if yet another case
can move forward this year. In Washington, Amy Morris Bloomberg Radio.
Speaker 1 (03:27):
It's a thankless job when interest rates are high and
inflation is elevated, and that continues to be the case
for Fed Chair Jerome Powell, Bloomberg. Nathan Hager has more
from Washington.
Speaker 6 (03:38):
The latest Gallup poll shows Powell struggling to shake his
status as the least popular federal Reserve chief in nearly
a quarter century. Just thirty nine percent of respondents say
they have at least a fair amount of confidence Powell
will do the right thing for the economy. That's up
only slightly from thirty six percent last year, when inflation
was rising even faster than it is now. Split by
(03:59):
party lines, it's just thirty percent of Republicans say they
have confidence in Powell. Fifty six percent of Democrats say
they do. In Washington, I'm Nathan Hager, Bloomberg Radio.
Speaker 1 (04:09):
Well, he's best known for correctly calling the US housing
crisis in two thousand and seven in two thousand and eight.
Now Steve Eisman of Newburger Berman is making a call
on the twenty twenty four presidential race.
Speaker 4 (04:22):
I think that it is completely inevitable at this point
that Donald Trump will win every single swing state and
we'll get elected.
Speaker 1 (04:28):
Heisman says. The pro Palestinian campus protesters are becoming the
face of the Democratic Party. He's predicting they'll make a
repeat appearance at the Democratic convention in Chicago this summer.
That's news when you want it. With Bloomberg News Now,
I'm Brian Curtis. This is Bloomberg
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