Bloomberg Quicktake
Pelosi Responds to Reports She Called McCarthy a Moron
updated
The ad, which depicted musical instruments, TVs, paint cans and other creative tools being crushed into an iPad, was widely ridiculed on social media — an unprecedented response for an Apple marketing campaign. Actor Hugh Grant said the ad promoted the “destruction of the human experience.”
Read more: bloomberg.com/news/articles/2024-05-09/apple-apologizes-for-ipad-pro-ad-scraps-plan-to-air-it-on-tv?sref=omvmmwIg
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Read more: bloomberg.com/news/features/2024-05-08/holtec-aims-to-lead-a-us-nuclear-power-renaissance?srnd=undefined&sref=omvmmwIg
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In a first, punchy clip on the social media site X, Netanyahu said: “If we have to stand alone, we will stand alone” and “fight tooth and nail.” He then pivoted to a more conciliatory approach when chatting with Phil McGraw, the American talk show host known as Dr. Phil.
“Our view is any kind of major Rafah ground operation would actually strengthen Hamas’s hands at the negotiating table, not Israel’s,” said White House national security spokesman John Kirby on Thursday.
Read more: bloomberg.com/news/articles/2024-05-09/netanyahu-vows-israel-will-fight-alone-if-needed-after-us-pause?sref=omvmmwIg
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The benchmark NSE Nifty 50 Index tumbled 1.6%, the most since Jan. 17, to fall past its 100-day moving average. In October, when the gauge closed below the crucial support, it went on to extend its fall over the next few sessions.
Speculation regarding the impact of the low voter turnout on the prospects for Prime Minister Narendra Modi’s bid for a third term in power has been the main driver of investor sentiment in recent sessions. There’s concern that a weaker-than-expected majority may hamper his ability to push through reforms such as revamping infrastructure and boosting manufacturing sector.
Read more: bloomberg.com/news/articles/2024-05-09/indian-stock-s-fear-gauge-rises-in-record-streak-amid-elections?cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_content=business&utm_medium=social&utm_source=twitter&sref=omvmmwIg
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"Absolutely not."
Ameca, a humanoid robot from Engineered Arts, speaks to @ BradStone at #BloombergTech via @ BloombergLive. Tap the link in bio for live updates from the Bloomberg Technology Summit.
Read more: bloomberg.com/news/articles/2024-05-07/putin-starts-new-term-facing-little-opposition-to-russia-s-war-in-ukraine?sref=omvmmwIg
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“We will not let anyone threaten us. Our strategic forces are always on combat alert,” Putin, 71, who was sworn in this week for his fifth term as president after a tightly orchestrated reelection in March, said Thursday at the parade.
This year’s display on Red Square featured 9,000 troops and weaponry including advanced air-defense systems and intercontinental nuclear-missile launchers, but only one tank, the World War II-era T-34. Onlookers were bundled in coats amid unseasonably cold temperatures, and patches of snow could be seen in places on the ground in the broadcast.
Read more: bloomberg.com/news/articles/2024-05-09/putin-renews-nuclear-threats-against-west-in-victory-day-speech?sref=omvmmwIg
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Daniels recounted in lurid detail her tryst with Trump in a hotel room in 2006 before seeing him several more times over the next year, an account the former president adamantly denies. A decade later, former Trump lawyer Michael Cohen paid her $130,000 to stay silent just before the election.
Prosecutors said they needed testimony from Daniels, an adult film star, because she could demonstrate why Trump wanted to keep her story away from voters shortly after the release of the now infamous Access Hollywood tape in 2016. Trump lawyer Susan Necheles used her cross examination to depict Daniels as an extortionist and liar whose shifting accounts of her evening with Trump couldn’t be trusted.
“Your story has completely changed, hasn’t it?” Necheles asked Thursday. “No, not at all. You’re trying to make me say it’s changed but it hasn’t changed,” Daniels said.
Read more: bloomberg.com/news/articles/2024-05-09/stormy-daniels-grilled-at-trial-over-trump-tryst-inconsistencies?sref=omvmmwIg
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The vote would allow Palestinians, which have held observer-state status at the UN since 2012, to submit their own resolutions and fully participate in UN and international conferences.
The measure also recommends the Security Council reconsider Palestine’s request for full-membership, a move the US blocked last month.
Of the 193 UN member states, 143 voted in favor of the resolution, which had almost 80 co-sponsors. The US, Israel and seven others voted against, while 25 abstained.
Read more: bloomberg.com/news/articles/2024-05-10/un-general-assembly-vote-shows-broad-palestinian-support?sref=omvmmwIg
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Artillery has so far been able to repel the assault in the Kharkiv region, Zelenskiy said during a meeting with Slovak President Zuzana Caputova in Kyiv on Friday. Russia may pull more reserves to support the offensive and Ukraine’s armed forces are ready to resist them, he said.
The latest assault comes almost two months after Vladimir Putin announced a plan to create a buffer zone to shield Russian border regions from intensifying Kyiv’s attacks that had wreaked havoc with fuel, gas and power facilities inside his country.
Read more: bloomberg.com/news/articles/2024-05-10/zelenskiy-says-russia-attempts-new-offensive-near-kharkiv?sref=omvmmwIg
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In a first, punchy clip on the social media site X, Netanyahu said: “If we have to stand alone, we will stand alone” and “fight tooth and nail.” He then pivoted to a more conciliatory approach when chatting with Phil McGraw, the American talk show host known as Dr. Phil.
Read more: bloomberg.com/news/articles/2024-05-09/netanyahu-vows-israel-will-fight-alone-if-needed-after-us-pause?sref=omvmmwIg
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In a first, punchy clip on the social media site X, Netanyahu said: “If we have to stand alone, we will stand alone” and “fight tooth and nail.” He then pivoted to a more conciliatory approach when chatting with Phil McGraw, the American talk show host known as Dr. Phil.
Read more: bloomberg.com/news/articles/2024-05-09/netanyahu-vows-israel-will-fight-alone-if-needed-after-us-pause?sref=omvmmwIg
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- South China Sea tensions with the Philippines
- Bulls beware
Rebecca Choong Wilkins has some of the key stories from China you may have missed this week. https://trib.al/tJ70z2u
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“We will not let anyone threaten us. Our strategic forces are always on combat alert,” Putin, 71, who was sworn in this week for his fifth term as president after a tightly orchestrated reelection in March, said Thursday at the parade.
This year’s display on Red Square featured 9,000 troops and weaponry including advanced air-defense systems and intercontinental nuclear-missile launchers, but only one tank, the World War II-era T-34. Onlookers were bundled in coats amid unseasonably cold temperatures, and patches of snow could be seen in places on the ground in the broadcast.
Read more: bloomberg.com/news/articles/2024-05-09/putin-renews-nuclear-threats-against-west-in-victory-day-speech?sref=omvmmwIg
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“We will not let anyone threaten us. Our strategic forces are always on combat alert,” Putin, 71, who was sworn in this week for his fifth term as president after a tightly orchestrated reelection in March, said Thursday at the parade.
This year’s display on Red Square featured 9,000 troops and weaponry including advanced air-defense systems and intercontinental nuclear-missile launchers, but only one tank, the World War II-era T-34. Onlookers were bundled in coats amid unseasonably cold temperatures, and patches of snow could be seen in places on the ground in the broadcast.
Read more: bloomberg.com/news/articles/2024-05-09/putin-renews-nuclear-threats-against-west-in-victory-day-speech?sref=omvmmwIg
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“We’re going to continue to make sure Israel is secure in terms of Iron Dome and their ability to respond to attacks that came out of the Middle East recently,” Biden said in an interview with CNN, referring to air-defense weaponry. “But it’s just wrong. We’re not going to supply the weapons and artillery shells.”
Read more: bloomberg.com/news/articles/2024-05-08/biden-widens-rift-with-israel-in-move-that-paused-bomb-shipments?sref=omvmmwIg
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Read more: bloomberg.com/news/articles/2024-05-08/hardliner-greene-moves-to-force-vote-on-ousting-speaker-johnson?sref=omvmmwIg
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“We’re going to continue to make sure Israel is secure in terms of Iron Dome and their ability to respond to attacks that came out of the Middle East recently,” Biden said in an interview Wednesday with CNN. “But it’s, it’s just wrong. We’re not going to – we’re not going to supply the weapons and artillery shells.”
The remarks came after the US paused delivery of about 3,500 bombs to Israel — including 2,000-pound (900-kilogram) explosives that could cause massive collateral damage in the densely packed southern Gaza city of Rafah — amid mounting frustration over Prime Minister Benjamin Netanyahu’s conduct of the war in Gaza. The move marked the Biden administration’s most serious signal of displeasure over the conduct of the ongoing war against Hamas.
Read more: bloomberg.com/news/articles/2024-05-08/biden-widens-rift-with-israel-in-move-that-paused-bomb-shipments?srnd=politics-vp&utm_campaign=socialflow-organic&utm_content=tv&utm_medium=social&cmpid%3D=socialflow-twitter-tv&utm_source=twitter&sref=omvmmwIg
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Biden said the Foxconn investment heralded by his predecessor turned out to be “a con,” mocking the former president for failing to deliver on promises to bring high-paying jobs to the state and boost domestic manufacturing.
Biden was joined at the event by Microsoft President Brad Smith to announce a $3.3 billion plan by the company to build an artificial intelligence data center at a site in Racine County, Wisconsin. The facility will be built on land once chosen for a massive investment by Taiwanese electronics giant Foxconn. Trump attended a groundbreaking in 2018, citing it as a centerpiece of his efforts to bring more manufacturing jobs to the US.
Read more: bloomberg.com/news/articles/2024-05-08/biden-taunts-trump-by-joining-microsoft-chief-at-wisconsin-site?sref=omvmmwIg
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Xi landed in Hungary on Wednesday after visiting France and Serbia during his first trip to Europe in five years. He’s due to sign more than a dozen agreements in Budapest covering rail, road and energy projects, with Prime Minister Viktor Orban’s cash-strapped government also looking to lock in financing for some of the investments.
Read more: bloomberg.com/news/articles/2024-05-07/china-s-xi-arrives-in-serbia-to-bolster-ties-with-europe-s-east?sref=omvmmwIg
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While internal critics of Sunak decided against trying to replace him, prominent party members renewed their attacks on the leader after the Conservatives lost almost half the local council seats they were defending. Keir Starmer’s resurgent Labour Party also won 10 out of 11 mayoralties up for grabs, increasing its vote share in London and toppling the popular Tory mayor Andy Street in the West Midlands by just 1,500 votes.
Read more: bloomberg.com/news/articles/2024-05-05/tories-press-sunak-to-move-to-right-after-local-election-rout?sref=omvmmwIg
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Hidaya has formed off the coast of Mozambique in the Indian Ocean, according to the US Joint Typhoon Warning Center. While the system will probably weaken as it approaches the coast, it could dump even more rain once it reaches land.
The death toll from the deluge already stands at 210 in Kenya, 155 in Tanzania and 29 fatalities in Burundi.
Read more: bloomberg.com/news/articles/2024-05-03/kenya-tanzania-bear-brunt-of-torrential-rain-in-east-africa?sref=omvmmwIg
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He told French President Emmanuel #Macron the two nations should uphold mutual benefits, and jointly oppose decoupling and the disruption of supply chains, the official Xinhua News Agency said, citing comments made during talks between the two leaders.
Xi is in #Paris on a state visit before heading to Serbia and Hungary in his first trip to the bloc in five years. He is hoping to convince Europeans that #Beijing offers an economic opportunity amid growing trade tensions. #worldnews #politics #geopolitics
Read more: bloomberg.com/news/articles/2024-05-06/europe-says-ready-to-use-all-trade-tools-to-defend-against-china?sref=omvmmwIg
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Biden criticized anti-Jewish rhetoric at the protests as unacceptable in an address Tuesday and urged Americans to speak out against antisemitism and other forms of hate. Protests demanding that universities cut financial ties with Israel have spread to campuses across the country, leading to confrontations with police.
Read more: bloomberg.com/news/articles/2024-05-07/biden-to-decry-campus-antisemitism-in-holocaust-memorial-speech?sref=omvmmwIg
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Elon Musk cites the state's high speed rail as an example of a project that’s cost billions of dollars and gotten nowhere while speaking about regulation.
More here: https://trib.al/69090AH
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Microsoft President Brad Smith will join Biden in Racine County, Wisconsin, on Wednesday to announce a $3.3 billion plan by the company to build an artificial intelligence data center, according to a White House statement. Smith is from the state.
The facility will be built on land once chosen for a massive investment by Taiwanese electronics giant Foxconn, that was hailed by Trump when he was president as “the eighth wonder of the world.” Trump attended a groundbreaking in 2018, citing it as a centerpiece of his efforts to bring more manufacturing jobs to the US.
Read more: bloomberg.com/news/articles/2024-05-08/biden-taunts-trump-by-joining-microsoft-chief-at-wisconsin-site?sref=omvmmwIg
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Biden criticized anti-Jewish rhetoric at the protests as unacceptable in an address Tuesday and urged Americans to speak out against antisemitism and other forms of hate. Protests demanding that universities cut financial ties with Israel have spread to campuses across the country, leading to confrontations with police.
Read more: bloomberg.com/news/articles/2024-05-07/biden-to-decry-campus-antisemitism-in-holocaust-memorial-speech?sref=omvmmwIg
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Two colonels with Ukraine’s Department of State Security, a special unit responsible for protecting government officials, have been detained on suspicion of high treason, the Prosecutor General’s office said Tuesday on its website. One of the suspects is also accused of helping to organize an act of terrorism.
“The terrorist attack, which was supposed to become a present to Putin on his inauguration, has turned into a failure of the Russian special service,” Vasyl Malyuk, the head of Ukraine’s State Security Service, said in a statement.
Read more: bloomberg.com/news/articles/2024-05-07/ukraine-says-it-arrested-two-in-zelenskiy-assassination-plot?sref=omvmmwIg
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The delivery was supposed to contain 3,500 bombs, split roughly evenly between 2,000-pound (907-kilogram) and 500-pound explosives, the official said.
The US is worried about the damage the large bombs could inflict on dense urban areas like Rafah, where around 1.4 million Palestinians are sheltering from Israel’s war with Hamas. Washington has not made a final decision on whether to proceed with the shipment, according to the official.
Israeli Prime Minister Benjamin Netanyahu’s office declined to comment and it’s unclear if this delay will have much impact on the military’s operations in Gaza. Still, it speaks to growing tensions between Netanyahu and US President Joe Biden, who’s voiced opposition to an attack on Rafah and reiterated that message in a call between the leaders on Monday.
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US District Judge Aileen Cannon, who is overseeing the criminal proceeding in Florida, set a new schedule for motions in the case and announced that a previously scheduled May 20 trial date for the trial will be pushed back indefinitely.
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Placing his hand on a copy of Russia’s constitution, Putin took the oath of office at his inauguration on Tuesday in the golden imperial splendor of the Kremlin’s St. Andrew’s Hall.
Russians “have confirmed the correctness of the country’s course. This is of great importance right now, when we are facing serious challenges,” he told assembled officials and dignitaries. Russia’s willing to engage in dialogue with the West, “but only on equal terms, respecting each other’s interests,” Putin said.
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But, if a deal happens, can the app’s distinctive algorithm be rebuilt? trib.al/uh1sQYj
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Modi, 73, cast his vote Tuesday morning in Gujarat’s largest city of Ahmedabad. Appearing before supporters outside a polling station in a saffron vest — the trademark color of his Bharatiya Janata Party, Modi urged them to vote in large numbers and stay hydrated amid scorching temperatures across India.
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After the ceremony, Putin greeted the presidential regiment on the Sobornaya Square of the Kremlin and attended a church service to mark the inauguration in the Cathedral of Annunciation led by Patriarch Kirill of Moscow and All-Russia.
The Patriarch wished Putin to lead the country with dignity during a tough period in its history.
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The lawsuit marks the first legal challenge since Congress passed the law in April. TikTok has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the the platform. The company previously said that it spent more than $1.5 billion to isolate its US operations and agreed to oversight by American company Oracle Corp.
“For the first time in history, Congress has enacted a law that subjects a single, named speech platform to a permanent, nationwide ban, and bars every American from participating in a unique online community with more than 1 billion people worldwide,” the company said in a Tuesday filing in the US Court of Appeals in the District of Columbia.
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The testimony everybody was waiting for arrived Tuesday morning in Manhattan as Daniels took the stand to tell her story of a 2006 sexual encounter with Trump in a Lake Tahoe hotel suite.
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At an online launch event Tuesday dubbed “Let Loose,” the company introduced the first redesigned version of the iPad Pro since 2018. The new model is thinner, includes a crisper Ultra Retina XDR screen with OLED technology, and has a faster M4 chip that can handle AI tasks. The new iPad Air looks like the prior version, but with a larger screen-size option and the M2 processor.
The new 13-inch iPad Pro has a depth of 5.1 millimeters, which the company said makes it the thinnest Apple product ever. The bigger version is a quarter-pound lighter than its predecessor, while the 11-inch model weighs under one pound.
The unveiling ends Apple’s longest drought in new iPad releases since co-founder Steve Jobs first introduced the device in 2010. The lineup was previously updated October 2022, when Apple added a faster chip to the iPad Pro and rolled out a redesigned low-end model.
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A sold-out crowd of 275,799 watched McLaren’s Lando Norris win his first F1 race Sunday at the 2024 Formula 1 Crypto.com Miami Grand Prix. Those numbers failed to beat the 315,000 fans who descended upon the rival F1 Grand Prix in Las Vegas, but they bested the 270,000 who showed up in Miami last year.
“Our main goal is to provide an incredible experience to the teams, drivers and fans [and] we believe we did that,” Tyler Epp, president of the Miami Grand Prix, said after the race. “Our third race in Miami Gardens has been our best yet.”
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"Civilizational risks" like plummeting birth rates, he says. More from Musk's appearance at the Milken Institute Global Conference https://trib.al/j2Tk6sc
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