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Bloomberg News Now

Iran Says No Progress in US Talks, Knicks Take Game 1, More

04 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 developments have occurred in US-Iran talks?

291.942 - 294.005 John Staschauer

Twelve wins in a row. Seventh straight on the road.

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Chapter 3: How has the ceasefire agreement between Israel and Lebanon impacted negotiations?

294.025 - 301.573 John Staschauer

All in double figures. It's the Knicks' first win in an NBA Finals game won in 53 years. Well, it's John Stasiewicz, Bloomberg Radio.

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301.638 - 315.088 Unknown

All right, John, thank you. We turn now to the markets where the nine-day winning streak for stocks is over. The S&P 500 fell from a record and closed down three-quarters of a percent. Goldman Sachs CEO David Solomon says investors have a lot to digest.

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315.589 - 333.467 Yehiel Leiter

We have a lot of things going on in the macro. with with the war with the oil shock supply chains inflation getting stickier that are going to have an effect and you know the market may absorb all that differently than it's absorbing it at the moment at the moment it's kind of brushing it aside

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333.768 - 346.844 Unknown

And Goldman Sachs CEO David Solomon made the comments on the latest edition of the Bloomberg Odd Loss podcast. Get the full conversation on Apple, Spotify or anywhere else you download. And also on our new video hub on the Bloomberg Business app.

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347.045 - 363.784 Karen Moscow

Well, Karen, Nasdaq futures are leading declines this morning and Broadcom is helping fuel the losses. That stock is down more than 13 percent in early trading. The company delivered a disappointing forecast for artificial intelligence chip revenue. Gil Lurie is head of technology research at D.A. Davidson.

364.045 - 384.868 Gil Luria

This company has a big role in the growth of AI. It's just expectations were well beyond what consensus estimates were. And so a small B just wasn't enough to keep the stock where it's at. And again, it's trading at a premium to NVIDIA. NVIDIA is trading in the low 20s on next 12 months earnings. Broadcom is trading in the 30s on next 12 months earnings.

384.848 - 390.256 Karen Moscow

DA Davidson's Gil Luria notes that shares of Broadcom are already up almost 40% this year.

390.476 - 394.743 Unknown

Time now for the Bloomberg Sports Update, and we bring in John Staschauer. John.

395.163 - 417.095 John Staschauer

Thanks, Karen. The Knicks in San Antonio to play Game 1 of the NBA Finals, and the Knicks scored the last 11 points of the game to take the opener 105-95. Jalen Brunson scored 30 points. He had two big hoops. In the last two minutes, the Knicks have now won 12 consecutive playoff games, seven straight on the road. They'll play the women's semifinals today at the French Open with all the upsets.

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