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Transcripts For BLOOMBERG Bloomberg Technology 20240714

say you can t prevent that. baby-boom, we talked to two innovators changing the fertility and baby tech industries. but first, our top story. the trump administration is considering a new tactic in its trade war with china that would be a limited trade deal. on the u.s. side, that would be delaying or rolling back tariffs, and in return, commitments from beijing on ip on intellectual property and agricultural purchases. to discuss, is sarah mcgregor, covering all things trade war for us. the markets on thursday seem to like the idea of a limited trade deal. what does it involve? this would mark one of the biggest breakthroughs in the impasse since may when the two sides had a deal in the u.s. accused china that reneging on those agreements. the u.s. would stop the escalation or rollback tariffs if china agrees to some fundamental reforms on ip, propertyellectual and buying more u.s. farming goods. this could meet china s needs, because their number one demand is the u.s

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Transcripts For BLOOMBERG Bloomberg Technology 20240714

contain thc. we will have the details. ticket pact. several car committees band together with california to reduce emissions, even after efforts to ease restrictions on carmakers. president trump calls the action illegal and now the justice department is investigating. but first over top story. i think trade war escalates, the job market decelerates, or so the u.s. jobs reports indicates. at 130,000, below what was expected. despite those numbers, president tellss top economic visor say uber he believes in the strength of the u.s. tech sector. we are the world leader in technology, innovation, application, and new business startups. we are the world leader. technology. jewel,ogy as our family and we must protect america on that. that is the president s point of view. > joining me to discuss is mike sullivan. , you heard it there. tech is the crown jewel. do you agree? michael: i do. tech is a big sector that is going fast. we are theknow if exclusive world leader on that,

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Transcripts For BLOOMBERG Bloomberg Technology 20240714

we will have the details. ticket pact. several car companies band together with california to reduce emissions, even after efforts to ease restrictions on carmakers. president trump calls the action illegal and now the justice department is investigating. but first over top story. i think trade war escalates, the job market decelerates, or so the u.s. jobs reports indicates. jobs came in at 130,000, below what was expected. despite those numbers, president trump s top economic advisor tells uber he believes in the strength of the u.s. tech sector. larry: we are the world leader in technology, innovation, application, and new business startups. we are the world leader. technology. technology is our family jewel, and we must protect america on that. that is the president s point of view. taylor: joining me to discuss is mike sullivan. so, michael, you heard it there. tech is the crown jewel. do you agree? michael: i do. tech is a big sector that is going fast. i don t know if w

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Transcripts For BLOOMBERG Bloomberg Daybreak Asia 20240714

long wetlands on china, is starting to look like its biggest handicap. going global. we hear exclusively as the company lands a worldwide expansion drive. look att s have a quick how markets closed. 500 closing near session highs. every sector was in the green. communication and tech stocks leading the gains. the nasdaq was higher by 1.3% while the dow gained 270 points. we had more positive sentiment when it came to trade both in the u.s.-china front but also in the u.s.-japan front. president trump opened the door for a potential sit down with the iranian president. thin.s were u.s. futures at the moment not doing much. let s see how we are setting up asia. selena: nursing mark green across the board. we are thinking we stocks trading almost at .8%. whipsawed by being the back-and-forth escalations of the trade war. there are fears of a global recession on the rise and rising protectionism in the calendar. investors seem somewhat the ebullient again. oil futures with changi

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Transcripts For BLOOMBERG Bloomberg Technology 20240714

little love for libra. and how amazon plans to take on its new high-end echo speaker. we begin with that fresh facebook news. the ftc has approved a privacy settlement with the social media giant, fining facebook about $5 billion. this marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. i want to bring in kurt waggoner, who covers facebook for us. he joins us on the phone. in washington we have naomi, who covers corporate influence. we know about the amount of the fine, tell us more about any other additional details that will be coming along in the settlement? that is the key. facebook had said i believed it was in april they set aside $3 billion for this very purpose and the fine could be up to 5 billion. this was something the company was prepared to handle. they also made 56 billion in revenue. the additional will be the details on whether or not any agreement includes something that could limit

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