Episode Transcript
News when you want it with Bloomberg News Now, I'm Doug Prisner.
The first phase of the Israel Hamasies fire is underway, and today President Trump urged world leaders to ensure the US led truce turns into a lasting peace.
Trump also addressed Gaza's future as he spoke to a global summit in Egypt.
Speaker 2The rebuilding begins.
Speaker 3The rebuilding is maybe going to be the easiest part.
Speaker 4I think we've done a lot of the hardest part because the rest comes together.
Speaker 3We all had to rebuild, and we know how to build better than anybody in the world.
Now.
Speaker 1Trump's stop in Egypt was his second in the Middle East.
Earlier in the day in Israel, the President welcome back the hostages and he spoke to the Kanesset in Jerusalem.
Speaking first was Israeli Prime Minister Benjamin Neknyahu.
Speaker 4Mister President, you are committed to this piece.
Speaker 5I am committed to this piece, and together, mister President, we will.
Speaker 4Achieve this piece.
Speaker 1Israeli Prime Minister Benjamin Neknyahu.
There meantime, there are many questions about what comes next.
Here is Mona Yakubian from the Center for Strategic and International Studies, I think.
Speaker 2The President is perhaps premature in saying the war is over.
The difficult steps ahead are the ones that we will have to watch closely to see if in fact his aspirations become reality.
Speaker 1That is Mona Yakubian from CSIS.
Tonight, the SpaceX Starship rocket lifted off for its eleventh test flight.
It deployed several test satellites in space and then returned to Earth, with the upper stage splashing down in the Indian Ocean.
Here is audio from SpaceX mission control.
Speaker 3There is our landing burn.
Speaker 1Three down to two Starship of Labert.
With Monday's mission, SpaceX aims to at least match the success of its last spaceflight in August.
Back then, Starship bounced back from a series of failures earlier this year.
We moved to earnings news next.
Samsung posted its biggest quarterly profit in more than three years.
These results reflect a booming market for memory chip demand while AI development accelerates globally.
We got reaction from Masahiro Wakasugi from Bloomberg Intelligence.
Speaker 5The number looks pretty good and operating profit increased the almost thirty percent year over year based on the preliminary numbers and Also, the quota over quota growth is around one sixty percent.
It's so maybe a two point six times as much as Q two numbers, so the recovery looks quite great.
Speaker 1That is Bloomberg analyst Masa hero Wakasugi.
Open Ai will buy custom chips and networking gear from Broadcom in a multi year deal and as a part of this agreement, open Ai will design the hardware and work with Broadcom to develop it.
This is part of a plan from open ai to add ten gigawatts worth of AI data center capacity.
Now.
These two companies will begin deploying racks of servers containing the gear in the second half of twenty twenty six.
Here is Bloomberg analyst Mandeep Singh.
Speaker 3They are really going after data center capacity right now, and the way they are doing it is by diversifying their supplier base.
So it's not just relying on Nvidia, which everyone does right now for compute, but really leveraging Broadcom, which is a custom silicon maker.
Speaker 1That is Mandeep saying from Bloomberg Intelligence.
Incidentally, shares in Broadcom rallied nearly ten percent.
Today, it's day thirteen of the US government shutdown, and both Houses of Congress remain in recess.
Democrats want a conversation with Republicans about extending healthcare tax credits.
They are part of the Affordable Care Act and they will expire at the end of the year.
Now, Republicans say they will not hold a conversation until Senate Democrats vote yes on their government funding bill.
House Speaker Mike Johnson defended his decision to send House lawmakers home, canceling legislative business in Washington until further notice.
Speaker 4Our members are doing very productive work.
We're in constant communication with them, and we are ready to come back and continue the work in our committees and everything on the House floor.
We will return the legislative session as soon as the Democrats come to their senses and open the government.
Speaker 1House Speaker Mike Johnson speaking there.
Meantime, the White House has begun firing thousands of federal workers, and Treasury Secretary Scott Bessett indicated his department is shuffling the flow of money in order to allow for US military staff to get paid.
A Republican attack on a core provision of the Voting Rights Act comes before the Supreme Court this week.
We have a preview from Bloomberg's Amy Morris.
Speaker 6Lawyers for the Trump administration and Louisiana, will try to persuade the Justices to eliminate the state's second majority black congressional district.
The Louisiana case got to this point after black voters and civil rights groups sued and one lower court rulings that struck down the first congressional map drawn by the state's GOP controlled legislature that created just one black majority district among six House seats in a state that is one third black.
The Justices will hear arguments on Wednesday in Washington, Amy Morris, Bloomberg Radio.
Speaker 1In baseball's postseason, we begin with the ALCS.
The Seattle Mariners beat the Toronto Blue Jays toon night ten to three.
Seattle now leads this series to nothing.
In the NLCS, the LA Dodgers beat the Milwaukee Brewers two one, and Los Angeles now leads this series one nothing.
And that is news when you want it with Bloomberg News.
Now, I'm Doug Chrisner, and this is Bloomberg