Trump's Pivotal Economic Pitch, Pentagon Threatens to End Anthropic Work, 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 Amy Morris. President Trump is preparing to go to Capitol Hill tonight to deliver the State of the Union address with a backdrop of a hobbled economic agenda, sinking approval ratings and fresh rebukes from his own political party. Press Secretary Caroline Leavitt says he'll focus on the economy and foreign affairs.
You will hear him talk about the threats that remain abroad, but what the United States is doing to ensure that not only America is the safest country in the world, but remains the strongest country in the world.
House Speaker Mike Johnson was asked what he expects from the State of the Union.
It may be a little long. Why does he have so much to talk about? Because inflation's down, wages are up. Investment is booming. The GDP is exceeding every expectation. President Trump's transformational and historic first year back in office.
Our coverage of the State of the Union address and the Democratic response from Virginia Governor Abigail Spanberger begins tonight at 8 Wall Street time on a special edition of Balance of Power with Joe Matthew and Kayleigh Lyons. Catch it on Bloomberg Radio and Television and at Bloomberg.com slash videos. Defense Secretary Pete Hegseth has given Anthropic CEO Dario Amadei until Friday evening to give the military unfettered access to its AI model or face harsh penalties. Former Defense Department Joint Artificial Intelligence Center Strategy and Policy Director Gregory Allen. says this dispute between Anthropic and the Pentagon is coming at an awkward time.
At a time when the White House is saying that the AI race with China is equivalent to the space race during the Cold War with the Soviet Union, you do not want to take one of the crown jewels of your industry and light it on fire over something like this.
The Pentagon wants to punish Anthropic as the feud over AI safeguards grows. Officials are also worried about the consequences of losing access to its industry-leading model, Claude. Hear more from Gregory Allen on the Bloomberg Balance of Power podcast. Democratic Representative Robert Garcia is accusing the Department of Justice of withholding from disclosure files on Jeffrey Epstein related to a claim that President Trump sexually abused a minor. Garcia is the top-ranking Democrat on the House committee probing Epstein and how federal law enforcement handled the investigation. A spokeswoman for the DOJ says the file that listed all the FBI interviews with that victim was removed for redactions but was then put back online.
She says the department has not deleted any files, but Garcia says the department has not responded as to why some documents are missing. Meta Platforms is committing to spending billions of dollars on AMD data center gear. It's a blockbuster deal. It marks a win for the chipmaker's attempts to catch up with NVIDIA.
What economic challenges does Trump face before the State of the Union?
Bloomberg's Ed Ludlow.
It's very large scale deployment. So it's six gigawatts in phases. And, you know, it kind of replicates the structure that AMD has already done with open AI. They are kind of getting into the bigger leagues, closing the gap on NVIDIA.
Meta shares are little changed. AMD shares are more than 9% higher. Fed Governor Lisa Cook warned the U.S. central bank may not be able to counter rising unemployment driven by the adoption of AI. Cook noted that it may take 5 to 10 years for the impact of AI to appear in economy-wide productivity statistics. And the Fed is already incorporating AI into its forecasts.
There's a role for monetary policy.
What key topics will Trump address in his State of the Union speech?
However, education, workforce, and other policy that is non-monetary may be better suited to address these challenges in a more targeted way.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–3:10
2
What economic challenges does Trump face before the State of the Union?
3:10–3:51
3
What key topics will Trump address in his State of the Union speech?
3:51–7:33
4
How is the Pentagon's dispute with Anthropic affecting AI development?
7:33–8:19
Speakers
7 identifiedMore from Bloomberg News Now
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