Madeleine Ronner, Senior Portfolio Manager, Global Equities at DWS, says she expects more scrutiny to come regarding US chip export controls to countries like China. It follows the ousting of Jensen Huang as Nvidia CEO after he was accused of multiple affairs, including one woman suspected of spying for China. Ronner was speaking to Bloomberg TV's Daybreak Europe. (Source: Bloomberg)
Ukrainian President Volodymyr Zelenskyy said progress had been made during a meeting with US envoys in Ireland, hailing a prisoner swap deal and a decision to include Europeans in the next round of peace talks with Russia. Bloomberg's Greg Sullivan reports. (Source: Bloomberg)
The former UK prime minister discusses the race to cure Alzheimer’s, Brexit 10 years on and whether he’d return to government again. (Source: Bloomberg)
Former Prime Minister David Cameron said the UK should leave the European Convention on Human Rights, associating himself with a hardline anti-immigration position that would once have been anathema to the UK’s mainstream political right.
Thailand plans to send a minister to Myanmar to investigate suspected mining sites blamed for contaminating rivers that flow across the border as it steps up efforts to trace pollution that has threatened drinking water and farmland.
Philippine Vice President Philippine Vice President Sara Duterte, facing impeachment charges that she failed to truthfully disclose her assets, dropped plans to tap financial executives as witnesses about millions of pesos in bank transactions.
Bloomberg Economics' geonomics and technology analyst Michael Deng says former Nvidia CEO Jensen Huang was capable of operating across the China-US divide and his departure may expose Nvidia to government policy from both sides. Huang, who made frequent visits to China and lobbied the US government for looser restrictions on chip exports to China, was ousted from his post after reports of three affairs. (Source: Bloomberg)
Senator Chris Van Hollen, a progressive from Maryland, is challenging Chuck Schumer to become Senate majority leader in the new Congress, after rising demands in the party for a bolder, more populist agenda in the wake of historic Democratic victories.
Fallout from Jensen Huang’s ouster as Nvidia Corp. chief executive officer is reaching deep into Washington, where Commerce Secretary Howard Lutnick has drawn scrutiny over whether his department did enough to keep the company’s prized artificial intelligence chips out of China’s hands.
"Balance of Power" focuses on the intersection of politics and global business. On today's show, Rep. Gregory Meeks (D-NY) says he wants to know when former CEO Jensen Huang was informed by the US government that the woman he was having an affair with was allegedly involved in Chinese espionage and why Nvidia was not notified sooner. Michael Allen, Managing Director of Beacon Global Strategies and former special assistant to President George W. Bush in the National Security sector, thinks Congress needs to direct its questions to the Commerce Department and, by extension, the National Security Council process staff about what happened with export-control regulations and what may have held them up. (Source: Bloomberg)
Michael Allen, Managing Director of Beacon Global Strategies and former special assistant to President George W. Bush in the National Security sector, thinks Congress needs to direct its questions to the Commerce Department and, by extension, the National Security Council process staff about what happened with export-control regulations and what may have held them up. Allen says stronger export controls and beefing up the Department of Commerce are important, including greater enforcement, oversight and investigations. Allen says Trump should make clear to President Xi Jinping that China’s activity involving smuggling and restricted technology could lead Congress to take further action. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
Bloomberg’s Mario Parker joined the show for, The Debrief, to discuss Commerce Secretary Howard Lutnick facing scrutiny over what he knew about Nvidia and China, tensions inside the White House and questions about his standing in the administration. He speaks with Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
Rep. Gregory Meeks (D-NY) says he wants to know when former CEO Jensen Huang was informed by the US government that the woman he was having an affair with was allegedly involved in Chinese espionage and why Nvidia was not notified sooner. Rep. Meeks says the issue is not just the affair, but what information might have been given to China and others that could endanger US national security. Rep. Meeks says Congress needs to determine what the administration knew and why Nvidia may not have been notified, as well as examine questions involving Commerce Secretary Howard Lutnick. He speaks with Joe Mathieu and Kailey Leinz on Bloomberg’s "Balance of Power." (Source: Bloomberg)
A Chinese artificial intelligence model was used in recent hacks that disabled refrigerators in French supermarkets, US Treasury Secretary Scott Bessent said on Thursday.
Ukrainian President Volodymyr Zelenskyy said progress had been made during a meeting with US envoys in Ireland, hailing a prisoner swap deal and a decision to include Europeans in the next round of peace talks with Russia.
The ultimate target of President Prabowo Subianto’s shakeup at the top of Indonesian politics may be the man who helped propel him to power after leading the country for a decade: ex-President Joko Widodo.
Malaysia’s Prime Minister Anwar Ibrahim faces his third electoral test this year when the state of Malacca goes to the polls on Saturday, after a frantic week in which a key minister quit over the controversial transfer of jailed former premier Najib Razak to house arrest.
President Donald Trump nominated a bipartisan slate of commissioners for the Securities and Exchange Commission and the Commodity Futures Trading Commission, according to a statement Thursday.
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Nvidia CEO Jensen Huang was ousted from his post after reports of two affairs, including one with a woman suspected of spying for China. Huang, one of the three engineers who founded the chipmaker in 1993, had been under intense pressure since Sunday, when he admitted to a romantic relationship with Alice Huang, a former executive at the Singapore-based data center firm Megaspeed International. The Nvidia turmoil rippled through the entire artificial intelligence sector on Thursday, dragging down shares of semiconductor companies.
On today’s episode:
Emily Chang, Host & Executive Producer of Bloomberg’s ‘The Circuit’
Ed Ludlow, Bloomberg Tech Co-Host
Lauren Cassidy, Founder & Chief Investment Officer, Founders 100 ETF
Nina Trentmann, Bloomberg News Senior Editor & CFO Briefing Editor (Source: Bloomberg)
