Transcript
IBM Executive (0:00)
The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across hr, IT and procurement processes, we've reduced costs by millions, slash repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM,
Podcast Host (0:32)
Bloomberg Audio Studios Podcasts Radio news. You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon and 5pm Eastern on Apple CarPlay and Android Auto with the Bloomberg Business app. Listen on demand wherever you get your podcasts or watch us live on YouTube.
Joe (0:56)
There's lots going on in the mind of President Trump and he just gave us some insight into that as he was fielding a number of questions from reporters before departing the White House en route to Florida. Well, he will be speaking at the Villages later on today. That event obviously likely to focus a lot in part on health care policy and tax policy. But it was more questions around foreign policy that the president was focused on just a few moments ago, including the ongoing war with Iran and talks about to end it. I don't even know if we're still calling it an ongoing wars. He and the administration is arguing that because we're in a ceasefire, it's no longer a war. Don't keep going on the clock countdown for the War Powers act consideration. All that said, he doesn't seem super satisfied with what he's receiving from Iran in terms of talks to potentially reach some kind of agreement. He said, and this is a quote, they want to make a deal, but I'm not satisfied with it. So for more, we go now live to the White House where we find Bloomberg Washington correspondent Tyler Kendall. So, Tyler, he talked about strides being made, but didn't sound really overly optimistic that those strides are going to lead us to the desired end result.
Kelly (2:01)
Right, Kelly? I mean, President Trump saying that the reason why he's not too optimistic about this is because Iran has made demands that he just cannot agree to. Now with this said, he also said that he doesn't want to take that path of escalation to resume military operations if he doesn't have to. But these comments do come on the heels of Iranian state media confirming earlier today that Iran had said and sent an updated proposal proposal to Pakistani mediators. Now, we still don't have the details on exactly what this fresh plan entails, but we do know that the US Wasn't too happy with the plan that was previously put on the table that would have postponed any dialogue around Iran's nuclear program, but would have seen an interim deal where potentially the Strait of Hormuz could be reopened if the US Lifts its naval blockade. But you heard from President Trump just moments ago reiterating that that blockade is not going anywhere. He said that it is, quote, incredible. Again, echoing the that we heard yesterday in the Oval Office. He also thanked Pakistan for being the mediator in these talks and says that the US Is still trying to pursue this, this diplomatic route. But as of now, Joe and Kelly, those talks are only happening on the phone.
