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Transcripts For BLOOMBERG Bloomberg 20240703

Dor skuler joins in just a bit. Im Katie Greifeld in new york. Looking at markets, it is quiet. The s p 500, we can call that unchanged but the direction is lower. More so if you look at big tech. All eyes on nvidia tomorrow which we will get to do in a moment. Looking at the big benchmark, currently lower by. 2 and even more so if you look at the Philadelphia Semiconductor index, currently down by 1. 3 . That is because nvidia shares are a dropping after the Financial Times reported that Amazon Web Services has halted orders of the Company Super chip. According to the ft, aws is no longer placing orders as it waits for a new, more powerful model. You have nvidia shares lower but reading the report, this doesnt necessarily seem like bad news for the company. Mandeep amazon is a mid to medium buyer. Revenue tracking a hundred billion next year. Amazon just by virtue of its cap acts is among the largest buyers of nvidia chips and the fact that this is a negotiation tactic. They want the

Transcripts For BLOOMBERG Bloomberg 20240703

It is not like they dont understand what we done. Not like they dont understand how critical this is for them. I am making sure the shipment start right away. In the next two hours, literally in the next few hours we will begin sending equipment to ukraine for air defense munitions, for artillery, for rocket systems and armored vehicles. This package is literally an investment. Not only in ukraines security but in europes security. In our own security. We are sending ukraine corbyn from her own stockpiles equipment from our own stockpiles made by American Companies in america. Patriot missiles made in arizona. Javelins made in alabama. Artillery shells made in ohio, pennsylvania, texas. We are helping ukraine while at the same time investing in our own industrial base, strengthening our own National Security and supporting jobs in nearly 40 states across america. United states is not acting alone. Our allies in europe and around the world who our cost asking us to step up. Were not gon

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