New Iran Talks Set for Next Week; Netflix Drops Warner Bros. Bid

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning, I'm John Tucker and I'm Karen Moscow. Here
are the stories we're following today.
And Karen, let's start with the latest on Iran. US
and Iranian officials have agreed to more nuclear talks as
soon as next week after the latest round of discussions
in Geneva. And let's get the latest from Bloomberg Middle
East correspondent Jimani Brasshi.
Well, it was a long day of talks and the
Bloomberg reporting this as well as other outlets that the
US side were disappointed with some of the options that
Iran had presented. That being said, at the end of
the day, the mediator oman the foreign minister that are
put out a statement saying that talks will reconvene again,
and the Omani mediator also citing quotes significant progress, also
echoes by the Iranian foreign ministry as well, that we
haven't had formal comments come through from the US, but
what we do understand from earlier on in the session
is that they were I'll turnly please with what the
Iranians had presented.
Bloomberg's gew mount of Vesentchi says, unlike nuclear talks under
prior US administrations, the Iranians have taken the lead in
crafting written proposals and brought them to the Americans well.
Staying overseas, John Pakistan's defense minister, declared quote open war
with Afghanistan, and after both sides carried out cross border
strikes overnight that killed a dozens, the clash marks a
major escalation and tensions between the two neighbors. Relations between
Pakistan and Afghanistan have steadily broken down in a year
since the return of the Afghan Taliban in twenty twenty one,
following the withdrawal of US led forces.
And now to the latest on the Jeffrey Epstein scandal,
Hillary Clinton has denied any association with a convicted sex offender.
Under questioning from Congressional investigators, The former Secretary of State
spoke to reporters after giving an hour's long deposition.
I did not know Jeffrey Hepstein.
I never went to his island, I never went to
his homes, I never went to his offices.
So it's on the record numerous times.
Well today, her husband, former President Bill Clinton, has set
to testify before the House Oversight Committee. Now Bloomberg's Amy
Morris has more from Washington.
Bill Clinton's testimony will be the first time a former
president has been forced to testify before Congress. He appears
in the Epstein files released by the Department of Justice,
one of many names in politics, academia, and business who
have appeared in those files, both before and after Epstein
pleaded guilty in two thousand and eight to prostitution charges.
The documents appear to show that Epstein's associate, Glainne Maxwell,
was part of the Clinton's social and professional circle, including
fundraisers at political donor events in Washington. Amy Morris Bloomberg Radio.
Right, Amy, thank you. Let's turn to the markets now.
And Netflix has dropped out of the fight to buy
Warner Brothers Discovery, clearing the way for rival Bitter Paramount
to clinch a one hundred eleven billion dollar deal. The
streaming giants said while its offer would have passed muster
with regulators and created shareholder value, it didn't want to
keep bidding. Lucas Shaw has been covering the takeover battle
for Bloomberg.
Warner brother Is board not really concerned about synergies. I
think that if they could have chosen between the two buyers,
they preferred Netflix. Netflix is a bigger, stronger, healthier company
by paramount ultimately offered more money and a lot of
Warner Brothers shareholders preferred Paramount because Paramounts buying the whole company,
so they get bought out right now with cash, whereas
the Netflix deal was more of a two step process
where Warner Brothers was going to have to spin out
its cable networks and then sell the rest of the
company to Netflix.
And as Bloomberg's Lucas Shaw shares a Netflix steps seven
percent in early trading and.
Karen several other stocks on the booth this morning shares
a block. They're surging more than twenty three percent. Jack
Dorsey's company is reducing its workforce by nearly half. They're
cutting four thousand employees. The financial technology firm is betting
that artificial intelligence is going to change the future of
labor productivity.
Well John Dells shares are up about twelve The company
gave an outlook for sales of its artificial intelligence servers
that topped estimates. Dell now says it will generate about
fifty billion dollars in AI server revenue in the current
fiscal year, and.
On the flip side. You have shares of core Weave,
They're down more than eleven percent. The company an operator
of AI data centers, reporting a bigger than expected loss.
It's also boosting capital expenditures.
Well elsewhere in the AI space, John and Thropic is
standing its ground when it comes to its artificial intelligence
and Bloomberg's Monica Rix.
Reports Anthropic has rejected the Pentagon's latest offer over the
use of its artificial intelligence ahead of a deadline today
for the company to drop its safeguards on its AI
model or risk losing its government contracts. CEO Dario Amide
says the company remains committed to negotiations and still wants
to work with the US military, but can't in good
conscience agree to the Pentagon's demands for AI use. He
says new contract language falls short in preventing mass surveillance
it's on Americans, or for the use of autonomous lethal
strikes without a human in the loop. The Pentagon hasn't commented,
Monica Ricks Bloomberg Radio.
You we have a programming note. The markets may pause
for the weekend, but the world does not, and that's
why we're bringing you a new live radio and TV
show Bloomberg this weekend is looking beyond the daily headlines
to the bigger themes driving politics, business and culture, joining
David Gura, Christina Raffini, and Lisa Matteo for smart conversations
and in depth interviews that help makes sense of the
week that's been and what comes next. Tomorrow on the show,
we'll hear from House Minority leader HOCKEYM Jeffries of New York,
and get the show live Saturdays and Sundays from seven
am Eastern on Bloomberg Radio TV and the Bloomberg Business App.
Time now for look at some of the other stories
making news in New York and around the world, and
for that we're joined by Bloomberg's Michael Barr. Michael, Good Morning,
Good Morning, Karen.
In an unannounced visit, New York, Mayor Zorin Mumdane met
President Donald Trump yesterday to urge him to release twenty
one billion dollars in federal grants to build twelve thousand
affordable housing units and infrastructure. During them Donnie's White House visit,
a Columbia University student detained by Homeland Security agents was
released after Ma'amdannie said he spoke with President Trump about
the student. The school claims the ICE agents made misrepresentations
to enter a housing unit to detain Elena Agayeva. Acting
President of Columbia University Claires Shipment.
We are also relieved that our student, Eliagayeva has been
released from federal custody.
Manhattan Borough President Brad Heulman Siegel says community members told
him the agents presented themselves as police officers looking for
a missing child.
The level of deception is astounding, in addition to the
fact that, of course they didn't have a warrant to
arrest anyone.
President Hoylman Segal says this should send a chill up
the spine of every American State Department and White House
officials say that at least one American citizen was killed
and another was hurt in the deadly gun battle between
Cuban border guards and a group on a boat off
the Cuban coast. Ricardo Zunika was a senior diplomat at
the State Department.
It seems that Secretary of Rubio and the US government
have decided that they need to continue to get information
about this and they want to continue conversations with the
Cuban authorities in the meantime to try to kind of
move things forward and not be caught up in a
single incident.
Total of four people were killed and six others hurt
in the incident an apparent mistake in the skies around
El Paso, Texas, after a military laser was used to
shoot down a drone being flown by Customs and Border Patrol.
This is the second time in two weeks that has
happened in the area. Used twenty four hours a day
and whenever you want it with Bloomberg News Now, I'm
Michael Barn. This is Bloomberg Karen.
Thanks Michael. Time now for our Bloomberg Sports update, and
for that we bring in John Stashauer.
Thanks Garren. Out of the scouting combine that's going on
in Indianapolis. A trade in the NFL, A swamp of
defensive lineman. The Jets sent Jermaine Johnson to Tennessee for
devonre Sweat. Anthony Richardson was the Colts' fourth pick overall
in the twenty twenty three draft. Hasn't worked out well
for the quarterback, and now the Richardson and the Colts
mutually agreeing to the quarterback to seek a trade. The eleventh
straight win for San Antonio one twenty six to one
ten in Brooklyn to the close loss of the Lakers
beaten by Phoenix by three. That's to Bloomberg Sports Update.
Stay with us more from Bloomberg day Break coming up
after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business. This is Bloomberg Daybreak, and good morning.
I'm John Tucker. Among some of the top stories we
are pursuing for you this morning, US and Iranian officials
agreeing to reconvene nuclear talks as soon as next week,
and former Secretary of State Hillary Clinton says she denied
any association with Jeffrey Epstein during an hours long deposition
before congressional investigators yesterday. Let's get more in these stories now.
We're joined by Laura Davidson, the deputy Washington Beer chief
for Bloomberg News. Happy Friday to you. With the respect
to the Iran nuclear talks. I guess, Laura, at this
point the progress depends on who you're talking to, because
it seems like the US and the Iranian officials have
a different degrees of the success so far of these talks.
Yes, the US and the Iranians left the talks in
Geneva sort of striking very different tones. The Iranians came
out quite optimistic, saying that there was progress and quite
upbeat that these talks would continue and are headed in
a positive direction. US, on the other hand, came out
kind of deflated. They seemed disappointed with the lack of
progress and you know, did not at all take the
optimistic tone that we heard from the Iranians. This, you know,
it has been sort of a dichotomy that we've been
seeing for some days now, but has just really grown stronger.
And it was very apparent as these talks broke up
clearly with no tangible details that came out moving forward.
Here.
How firm is.
The Trump deadline to come to agreement?
Well, this is as firm as Trump wants it to be.
This is a dead deadline. He you know, said last
week thing he is giving around ten to fifteen days
to make some sort of deal. There is no legal
or otherwise forcing reason that he needs to enforce that deadline.
But you know, Trump likes to set some of these
arbitrary deadlines to try to force parties to come to
the table. You know, the leverage he has is that
he's continued to amass military assets in the region. You know,
there have been some signs that he's perhaps getting more
serious about some sort of limited strike, including his you know,
remarks at the State of the Union the other night
where he you know, said to know on certain terms
that you know, he wants to find a diplomatic solution,
but you know, could consider you know, some sort of
military action.
You know.
There's also just some headlines across the terminal here just
about an hour ago that US embassy personnel, non essential
personnel in Israel have been asked to leave the country.
So this is you know, kind of some of the
precursors that we have seen in the past before there
have been strikes in the region.
Okay, let's go to the testimony of Hillary Clinton yesterday,
and I guess today we're going to hear from the
former president Bill Clinton. What exactly are they looking for?
Is this intended to be a political embarrassment or.
Or what.
If you ask Hillary Clinton, that is exactly what she
said that this is you know, just sort of a
you know, a hunt. They're trying to to put herself
and her husband of the former president on you know,
in this you know, not public it's behind closed doors,
but sort of in this in person forum, to to
just go on a hunt to see what they can find.
You know.
Clinton, you know, came out of this deposition saying that
she was asked you know everything uh, you know related
to you know, including some very off topic things including
about aliens, conspiracy theories, UFOs, and and was said she
wasn't exactly certain what the point here was. Her husband,
Bill Clinton, will go into this deposition today. He has
you know, much closer ties to Jeffrey Epstein than Clinton
did than Hillary Clinton did. She has maintained that she
never met him, didn't know him, and certainly didn't know
anything about his activities regarding underage women. Clinton, however, Bill
Clinton has appeared in photos and in swimming pools with
with jeffreypperstin Epstein and wrote on his plane several times
as well.
And the Democrats want for President Trump to appear. I
suspect that's not going to happen. Good about the minute.
Left, Uh, that is highly unlikely to happen. At least
one Republicans control both chambers of the House. But this
is the kind of thing and this is why Trump
is very worried about the midterms. You know, if if
Democrats do win the House or the Senate, they suddenly
have subpoena power. Are they able to investigate more so,
this is the kind of thing that we could see
Democrats use their leverage going into the next year if
they are able to secure a majority.
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