Bloomberg News Now: National Guard in LA, Meta's AI Investment, French Open Drama

National Guard Deployment in Los Angeles

• 🚨 National Guard troops have been ordered to Los Angeles by President Trump to address protests over federal immigration raids.
• ⚠️ U.S. Representative Nanette Barragan and California Governor Gavin Newsom have pushed back on the deployment, citing concerns it could escalate tensions.
• 🏛️ House Speaker Mike Johnson, however, supports the move, stating the president has the authority and responsibility to intervene when state leadership is perceived as insufficient.
• ICE reports arresting 2,000 undocumented people daily nationwide, including 118 in the L.A. area during a recent enforcement operation.

Tech and AI Developments

• 💰 Meta is reportedly in talks for a multi-billion dollar investment into the artificial intelligence startup Scale AI, potentially exceeding $0 billion in value.
• 🧠 Scale AI's value lies in its ability to train large language models (LLMs) on massive datasets, which Meta seeks to leverage for its own AI initiatives.
• ✈️ United Airlines is working with Starlink to resolve static interference issues affecting its in-flight Wi-Fi system on Starlink-equipped aircraft.
• 🇨🇳 TikTok is reportedly replacing US-hired staff with managers connected to China, aiming to replicate its e-commerce success after underperforming sales in the U.S.
• ⚛️ Westinghouse is in discussions about deploying ten large nuclear reactors as part of President Trump's initiative to advance atomic energy.

Economic and Trade News

• 📈 Investors are anticipating the U.S. consumer inflation report (CPI) for May, which will provide key data for Federal Reserve officials ahead of their upcoming policy meeting.
• 🤝 A new round of trade talks between the U.S. and China is scheduled to occur in the UK.
• 🌏 Trade talks with India are gaining momentum, with a trade team extending its stay to finalize most issues within a week.

French Open Tennis Highlights

• 🎾 Defending champion Carlos Alcaraz defeated Jannik Sinner in a five-set thriller at the French Open, decided by a tiebreak in the final set.
• 🏆 The match is being hailed by many as the longest French Open final in history and potentially the best tennis ever witnessed.