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Bloomberg News Now

Blanche: 'Weaponization' Fund Out, Pulte Tapped as Acting DNI, More

02 Jun 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.672 - 5.121 Stephen Carroll

Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.

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5.622 - 10.011 Caroline Hepke

And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.

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10.391 - 15.001 Stephen Carroll

We're up early every weekday, keeping an eye on what's happening across Europe and around the world.

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15.422 - 21.634 Caroline Hepke

We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.

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21.698 - 27.166 Stephen Carroll

From Brussels, I'm following the politics, policy and the people shaping the European Union right now.

27.206 - 32.633 Caroline Hepke

And from London, I'm looking at what all that means for markets, money and the wider economy.

33.154 - 37.48 Stephen Carroll

We've got reporters across Europe and around the globe feeding in as stories break.

37.941 - 42.587 Caroline Hepke

So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.

43.028 - 45.03 Stephen Carroll

It's smart, calm and to the point.

Chapter 2: What recent changes were made to the weaponization fund?

307.396 - 312.711 Doug Krisner

Jimmy Chang is the chief investment officer at Rockefeller Global Family Office.

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312.691 - 329.4 Jimmy Chang

It's a tsunami of money going into this ecosystem, driving up not only our economy, but also some of the Asian economies, specifically South Korea and Taiwan. So everything that's involved in the AI ecosystem is on fire right now.

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329.38 - 350.511 Doug Krisner

That is Jimmy Chang of the Rockefeller Global Family Office speaking to Bloomberg. After the bell, Palo Alto Networks issued a forecast for adjusted earnings above expectations. The company said the latest advancements at the AI frontier have increased the level of urgency around cybersecurity. In late trading, Palo Alto Networks is up by more than 4%.

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351.412 - 356.94 Doug Krisner

We got reaction from Nancy Tengler, CEO and CIO at Laffer Tengler Investments.

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357.14 - 369.727 Nancy Tengler

We thought that was the case, that AI would bolster future growth. But the question was, it hadn't happened yet. And so now I think we're starting to see management delivering on promises.

369.807 - 394.608 Doug Krisner

Nancy Tengler there. She is the CEO and CIO at Laffer Tengler Investments. President Trump signed an executive order today to work with artificial intelligence companies on protecting against AI-enabled cyber attacks. Now, the order grants the government access to cutting-edge AI models on a voluntary basis to test their capabilities of up to 30 days before they're released to the public.

394.628 - 415.419 Doug Krisner

The government would also establish a clearinghouse to coordinate and de-conflict software vulnerabilities. It is primary election day in six states. In California, voters will have more than five dozen candidates to choose from for governor. And in Los Angeles, Mayor Karen Bass is facing more than a dozen challengers.

416 - 439.256 Doug Krisner

In New Jersey, four Democrats are competing to take on Republican Congressman Tom Keene Jr. in November. Keene has been absent for months, dealing with an unspecified medical issue. And in Iowa, Democrats are feeling hopeful about their chances. The state's heavily agricultural economy has been affected by President Trump's tariff agenda. And that is news when you want it.

439.497 - 442.682 Doug Krisner

With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.

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