SF Fed Gov Mary Daly Talks A.I, US/Iran Make Nuclear Progress, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now, I'm Dan Schwartzman. Federal Reserve Bank of San Francisco President Mary Daly said policymakers must be open to signs that artificial intelligence will have an impact on the U.S. economy. Daly was speaking at an event hosted by the Silicon Valley Leadership Group in San Jose, California.
When does it move from, you know, something that's just in the development stages and with electricity, the wealthy urban areas had it and the rural areas didn't. In this, could this go faster? Is the diffusion of AI and its use cases faster?
That's San Francisco Fed President Mary Daly. Fed officials are trying to assess how much of an impact AI will have on the economy and on productivity growth. President Trump's nominee to be the next Fed chair, Kevin Warsh, has argued that AI is transforming the economy and that the central bank needs to acknowledge it. The U.S. and Iran making progress in nuclear talks in Geneva, with Iran saying it has reached a, quote, general agreement with the U.S. on the basis of a potential deal that would lift sanctions on Tehran. Iran is expected to present the U.S. with a new detailed proposal in two weeks to address some gaps in negotiations. The diplomatic progress came despite growing military deployments in the Persian Gulf and
with Iran today closing the Strait of Hormuz for several hours to conduct military drills. Oil fell on the news of the positive negotiations to under $62.50 a barrel. The Reverend Jesse Jackson, one of the most prominent civil rights activists, as well as a two-time presidential candidate and the founder of the Rainbow Push Coalition, has died at the age of 84. Fellow civil rights activist Al Sharpton talked about his friend.
Now he was a hard taskmaster. He would always get on me about, why are you on this issue? You need to be more studied on this. But he was one who was more responsible than anyone for teaching me activism.
That's civil rights activist Al Sharpton. Jackson had disclosed back in 2017 that he had Parkinson's disease. A third round of U.S.-led negotiations on ending Russia's war on Ukraine began in Geneva. There is little optimism that a breakthrough can be reached to stop the more than four years of fighting.
What insights does Mary Daly share about AI's impact on the U.S. economy?
The talks are expected to address a wide range of issues, including territory, military, political and economic matters, and will continue for a second day on Wednesday. Bloomberg's Oliver Crook with more.
I think that the sort of expectations are fairly low from, you know, the sort of renewed effort with the trilateral talks that involve the United States, the Ukrainians and the Russians, where basically this is the third meeting in about three weeks. So there certainly has been an increase of the cadence of these sort of negotiations. That being said, again, you listen to Marco Rubio while he's been in Munich, while he's been in Budapest over the last couple of days. He's basically saying some days I feel better about it than others. But at the end of the day, I'm not really in a position to say whether or not we're any closer to a resolution for this war.
That's Bloomberg's Oliver Crook. Warner Bros. Discovery will reopen negotiations with Paramount Skydance after Paramount proposed raising its bid and sweetening other terms of its offer. Netflix, which is considered Warner Bros.' preferred bidder, has granted the board seven days to consider Paramount's proposal, which includes raising its offer to at least $31 a share, $1 higher than its previous offer. Warner Bros. said the board still unanimously recommends shareholders vote in favor of its binding agreement to sell its namesake studios and HBO Max streaming business to Netflix for $27.75 a share, or $72 billion in total.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–2:35
2
What insights does Mary Daly share about AI's impact on the U.S. economy?
2:35–5:50
3
How are policymakers assessing the influence of AI on productivity growth?
5:50–6:49
4
What progress is being made in U.S.-Iran nuclear negotiations?
6:49–7:53
Speakers
7 identifiedMore from Bloomberg News Now
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