Bloomberg News Now: Trump's National Guard Deployment, US-China Trade Talks, and Apple's WWDC

Tensions in Los Angeles

• 🚨 Anti-deportation protesters have clashed with law enforcement in Los Angeles for three days, escalating to violence including burning cars.
• 👮 L.A. Police Chief Jim McDonnell described the escalating violence as "disgusting" and "increasingly worse."
• 🇺🇸 President Trump deployed over 2000 National Guard troops without waiting for Governor Gavin Newsom's request, a move local leaders argue is inflaming the situation.
• 🏛️ Governor Newsom has formally asked the White House to rescind the deployment and plans to sue the administration.

US-China Trade Negotiations

• 🤝 The U.S. and China are set to resume trade negotiations in London, following a phone call between President Trump and Xi Jinping.
• 📈 There is increased optimism for these talks, which are seen as a reset after a period of accusations and imposed restrictions.
• 🌍 Key issues to be resolved include rare earth exports, tariffs, and restrictions on advanced technology.

Political and Economic Developments

• 💸 Republican leaders are working to keep President Trump's tax and spending cut bill on track, despite criticism from Elon Musk.
• 🗣️ House Speaker Mike Johnson emphasized his responsibility to "save the country" with the bill, contrasting it with Elon Musk's focus on saving his company.
• 📉 Senate Republicans appear unfazed by criticism regarding the bill's potential impact on the deficit, with plans to strip out some Medicaid and Medicare cuts.

Apple's Worldwide Developers Conference

• 💻 Apple is kicking off its annual Worldwide Developers Conference (WWDC), with a highlight expected to be a sweeping redesign of software interfaces for its devices.
• 📱 Updates are anticipated for iPhone, iPad, Mac, Apple TV, Apple Watch, and CarPlay, with some tweaks to the Vision Pro headset.
• 🏷️ Apple is rebranding its IT software, shifting to a year-based naming system instead of a numbered one.
• 🤖 There is little expectation of significant updates to Apple's long-delayed AI product, Apple Intelligence.