Bessent Says US Must Win on AI and Quantum; Hollywood Shaken by Tariff Threat
Bloomberg Technology
Bloomberg
4.5 • 49 Ratings
🗓️ 5 May 2025
⏱️ 56 minutes
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Summary
Bloomberg’s Caroline Hyde discusses the drop in media stocks following President Trump’s proposal to impose 100% tariffs on foreign-produced movies. Treasury Secretary Scott Bessent, speaking from the Milken Institute Global Conference, says the US must win the race to develop artificial intelligence as China closes the gap. Daniel Morgan, Senior Portfolio Manager at Synovus Trust, explains what's behind the market dip after a four-day rally.
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| 0:00.0 | You're listening to an IHeart podcast. |
| 0:05.0 | Is this a negotiation or the new rules at a game? |
| 0:07.9 | It could be either. |
| 0:08.9 | It is up to the president how he wants to negotiate. |
| 0:11.8 | A deal is going to be made with China. |
| 0:13.4 | Nothing's over yet. |
| 0:14.4 | There's been a lot of confusion up to now. |
| 0:16.2 | A 90-day pause is not an eradication. |
| 0:18.9 | Where is this leading to? |
| 0:20.1 | Trust Bloomberg Television for all the context and clarity you need as the tariff and |
| 0:24.8 | global economy story evolves. |
| 0:26.6 | This year's bear case, very quickly, becoming the base case. |
| 0:29.8 | Nobody covers tariffs like Bloomberg Television. |
| 0:33.1 | Context changes everything. |
| 0:39.6 | Bloomberg Audio Studios. |
| 0:42.5 | Podcasts, Radio, News. |
| 0:50.8 | From the heart of where innovation, money, and power collide, in Silicon Valley and beyond, |
| 0:56.1 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York and Carolinede, and this is Bloomberg technology coming up. |
| 1:13.6 | Markets, they are on edge as trade concerns halt the four-day winning street for tech stocks. |
| 1:18.6 | This, as President Trump announces plans to impose 100% tariffs of films produced overseas, |
| 1:24.6 | slamming media companies, and Microsoft surpassing Apple, becoming the largest |
| 1:29.2 | US company by market value. And in just a few minutes, Treasury Secretary Scott Besson will |
... |
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