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Trump Tariffs Roil Markets, Musk's DOGE In Action | Bloomberg Technology
Bloomberg's Caroline Hyde and Jackie Davalos discuss the market volatility as President Donald Trump threatens tariffs against Canada, Mexico, and China. And, what to expect from Palantir earnings. Plus, a look into Elon Musk's DOGE as the tech billionaire begins to cancel payments to federal contractors. (Source: Bloomberg)
TSMC IS THE MOST ADVANCED CHIPMAKER OUT THERE AND TAKES THEM YEARS AND TENS OF MILLIONS OF DOLLARS TO BUILD THE FACTORIES AND THEIR TIME FRAME OF MAKING DECISIONS FROM A BUSINESS STANDPOINT IS QUITE A BIT DIFFERENT THAT BE SOME OF THESE POLICY CHANGES. I WILL SAY, THERE ARE HUGE DIFFERENCES AGAIN BETWEEN -- IT’S OBVIOUS TO SAY THIS BETWEEN THE FEDERAL GOVERNMENT AND A $44 BILLION PRIVATE COMPANY THAT ELON MUSK CONTROLLED AND WHY YOU’RE SEEING A LOT OF CRITICISM FROM DEMOCRATS AS WELL AS GROUPS THAT ARE CONCERNED ABOUT FUNDING BEING CUT OF OFF AND OF COURSE THERE WILL BE POLITICAL IMPLICATIONS OF THIS AS WELL. JEFF: NOT ONLY HAVE WE BROUGHT IN INCREDIBLE INVESTORS LIKE LOOKAHEAD AND BOOZ ALLEN AND OTHERS, AND THE REASON WE DID THAT WAS STRATEGIC PARTNERSHIPS AND SELL HARDWARE DIRECT AT A FIRM FIXED PRICE WITH A DATA INFRASTRUCTURE THAT’S AVAILABLE TO D.O.D., FEDERAL, STATE, LOCAL AND ENTERPRISE COMMERCIAL USERS, SO RATHER THAN TRYING TO REPLACE, WE’RE A NEW FEATURE, SOMETHING THAT THE DEFENSE INDUSTRY IS ABLE TO INTEGRATE INTO EXISTING SOLUTIONS VERY QUICKLY AND SHOWN BY OUR RECENT DEPLOYMENTS ALL ACROSS THE NORTHEAST TO SUPPORT A WIDE ARRAY OF DRONE CONCERNS AND ISSUES AND ALSO OUR INVOLVEMENT IN THE INAUGURATION AND THROUGH OUR BUDDING PARTNERSHIP MOST RECENTLY WITH PALANTIR.
Or read this on Bloomberg
