US, Taiwan Trade Deal, Machado Meets with Trump, Lawmakers, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Amy Morris. The U.S. and Taiwan agreed to a trade deal that would lower tariffs on goods from Taiwan to 15 percent and see Taiwanese semiconductor companies increase financing for American operations.
What trade deal has the U.S. made with Taiwan?
Bloomberg's Mike Shepard.
It's been a top priority for officials there in Taipei, but also here in Washington because Taiwan is such a crucial source of the chips that go into artificial intelligence and they wanted to make sure they get this locked into place.
Taiwan's technology industry would commit to making at least $250 billion in direct investments to expand advanced semiconductor, energy and AI operations in the U.S. The deal removes a major point of contention between the U.S. and Iran. Venezuelan opposition leader Maria Corina Machado has left the White House. In a video released by her press office, Machado says Venezuelans are counting on President Trump for the country's freedom. She now heads to Capitol Hill where she's meeting with senators from both parties at this hour. President Trump has threatened to invoke the Insurrection Act and deploy troops to quell persistent protests against ICE officers in Minneapolis. Homeland Security Secretary Kristi Noem.
We did discuss the Insurrection Act. He certainly has the constitutional authority to utilize that. My hope is that this leadership team in Minnesota will start to work with us to get criminals off the street.
Dean of the UC Berkeley School of Law, Erwin Chemerinsky, says it would be an extraordinary move by the president.
This doesn't warrant the invocation of the Insurrection Act. There's no indication here that the existing federal and state local authorities can't keep the peace in Minnesota.
The Insurrection Act was last used in 1992 during the riots in Los Angeles. Federal prosecutors are charging 20 people, including 15 former college basketball players, in what they call a scheme to rig NCAA and Chinese Basketball Association games. Andrew Bailey is deputy director at the FBI.
This case represents a powerful example of what coordinated law enforcement can accomplish. When individuals choose to manipulate fair competition, they do more than commit financial crimes. They erode confidence in institutions that bring Americans together.
Dozens of schools were affected by the scheme, including Fordham, Georgetown, Tulane, and East Carolina. The six largest U.S. banks have cut their combined headcount last year,
How is Taiwan's technology industry impacting U.S. investments?
by the most in nearly a decade to keep a lid on costs. The combined headcount of the six largest firms was down about 10,600 from last year. Some firms, like Wells Fargo and Citigroup, cut jobs. Others, like Goldman and Morgan Stanley, added to their ranks. Goldman Sachs blew through expectations for equities trading revenue, posting an all-time Wall Street record of $4.31 billion in the final three months of last year. CEO David Solomon on the analyst's call.
We have $32 billion of remaining buyback capacity under our current share repurchase authorization. And while we are mindful of our current stock price, we will remain dynamic in executing repurchases.
Net revenue for the bank in 2025 was $58.3 billion, its second best year on record. Morgan Stanley's debt bankers increased revenue 93% in the fourth quarter, by far the biggest jump on Wall Street, capping a record year for that business. During that analyst call, CEO and Chairman Ted Pick spoke about the 2026 outlook.
2025 results... And in fact, the results for every quarter over the last eight are a blueprint for Morgan Stanley's success. We expect this mix of tailwinds and headwinds to prevail in 2026 and are prepared to continue to execute.
The company reported record annual net income. Ford CEO Jim Farley says there's urgent need to update the North American trade agreement critical to the region's automotive industry.
What recent developments involve Venezuelan opposition leader Maria Corina Machado?
And he says the company has to work through a long list of issues with the Trump administration.
The EPA changes are really welcome, frankly. And we're seeing that play out really in our business.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:14
2
What trade deal has the U.S. made with Taiwan?
0:14–2:26
3
How is Taiwan's technology industry impacting U.S. investments?
2:26–3:52
4
What recent developments involve Venezuelan opposition leader Maria Corina Machado?
3:52–5:27
5
What are the implications of President Trump's discussions on the Insurrection Act?
5:27–5:52
Speakers
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