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Bloomberg
an hour ago
- Bloomberg
Trump Says He's Not Extending Tariff Pause Past July 9
CC-Transcript 00:00Mr. President, extending the pause on terrorism. No, no, I'm not. I'm not thinking about the. I'll be writing letters to a lot of countries, and I think you're just starting to understand the process. We've dealt with Japan. I'm not sure we're going to make it. I doubt it with Japan. They're very tough, gifted, assertive, very spoiled. I love Japan. I really like the new prime minister. He was one of my closest friends. As you know, the new prime minister's is great. He's a very strong guy. But they and others are so spoiled from having ripped us off for 30, 40 years. That is really hard for them to make a deal. You know, it's very. As an example, would you bear? They won't take racism, and yet they desperately need rights. You know that. When they won't take rice, they won't take other products away. But think of it, they need rice so badly, but they want to grow. So and that was an easy one. Well, the car says, you know, they said that millions we didn't we didn't give them one car in ten years, but they won't take any cars. They'll sell millions more. So, which. I'm sorry, you can't do that. They have a great relationship, great reliance. And really a great. Sort of a partnership in a way. But on trade, they've been very. And those days are gone. So what I'm going to do is I'll write him a letter to say we thank you very much. We know you can't do the kind of things that we need. And therefore you pay a 30%, 35% or whatever the number is that we determine, because we also have a very big trade deficit, which you. It's very unfair to the American people. So they maybe will be happy. They maybe won't be happy. But some countries we weren't even allowed to trade. But for the most part, we're going to determine a number. Just very simply write him a nice letter, probably one page or a page and a half at the most. And it's going to be essentially congratulations and. It's going to be an honor to allow you to. Go and do business in the United States of America, because it really is an honor to be able to do that. But we never viewed it that way in this country.
CNET
an hour ago
- CNET
Amazon Reaches Automation Milestone by Deploying Its Millionth Robot
Amazon's fleet of warehouse robots just hit a new milestone. The company announced Monday that it deployed its millionth bot to begin operations at a fulfillment center in Japan. Amazon's ambitions for robot use have long surpassed the company utilizing them for delivery service. The business juggernaut is the world's leading manufacturer of mobile robotics, and aims to sell them to you for use at home as well -- if you have $1600 to spare. The robotic workers operate in over 300 Amazon warehouses across the world, creating an ever-expanding automated delivery network. More than 75% of Amazon's global deliveries are assisted in some way by robot automation, according to a report by the Wall Street Journal. Amazon has also developed a new generative AI model called DeepFleet to make the robots in the delivery system "smarter and more efficient." According to Amazon, this new model will coordinate robots across the fulfillment network to improve package travel times by 10%. The company's robots currently lift thousands of pounds of packages at a time, integrate conveyor belts to move along individual items and move autonomously around the warehouse with heavy carts. The most recent fleet upgrade, Vulcan, uses force feedback sensors to create a sense of touch, physically lifting and moving items all by itself. Amazon's robots work in tandem with more than 1.6 million human workers worldwide. The Wall Street Journal reports that Amazon is on track to have more automated workers than employed humans, while Amazon workers have begun to unionize in recent years. A representative for Amazon did not immediately respond to a request for comment.
Yahoo
an hour ago
- Yahoo
As Tesla Crumbles, Elon Musk Just Fired One of His Top Supporters at the Company
Tesla CEO Elon Musk has fired the automaker's vice president of manufacturing and operations Omead Fashar, Forbes reports, amid plummeting sales and public backlash against the company. Fashar was one of Musk's closest confidants and a powerful executive at the company, according to Bloomberg, which reported that Fashar had departed but didn't say that Musk was behind the personnel change. The exact reason for his departure isn't clear, although one can make an educated guess based on the broader turmoil at Tesla. Fashar was in charge of a team of more than a half-dozen high level employees, CNBC noted while corroborating that Musk was behind the sacking. He joined Tesla in 2017 as an engineer, and was promoted to his position last October to oversee sales and manufacturing in North America and Europe — the two markets where consumer backlash in response to Musk's association with the Trump administration has been the hardest felt. His firing follows the departure of another Tesla bigwig, Milan Kovac, who was in charge of Tesla's Optimus humanoid robot program before stepping down earlier this month. Musk thanked Kovac for his time at the company, but so far has not commented on Fashar's termination. Bloomberg reported that Jenna Ferrua, a human resources director for North America, also left Tesla. Fashar walked the plank of what might be a sinking ship. Tesla shares are down by 19 percent this year, with sales tumbling worldwide. It sold 15 percent fewer cars in China last month than it did last year, with the trend looking even grimmer in Europe, where sales have now plummeted for five straight months — despite EV registrations on the continent being up overall. In the US, sales dropped nine percent in the first three months of the year. That period saw Tesla's total sales fall by 13 percent, the largest drop in the company's history. Overseas, Chinese EV companies have stepped in to fill the void, with BYD overtaking Tesla in terms of sales and revenue. Public outcry against Tesla, which has included mass protests, boycotts, and acts of vandalism that target its dealerships and cars, has driven the decline. It became difficult to separate Musk's image from his automaker's as he endorsed Donald Trump for president, threw some $300 million towards funding Trump's campaign, and led the Department of Government Efficiency to gut the federal government. The automaker is also saddled with an aging lineup, and its attempt to spice things up with a newly facelifted Model Y — and desperate financing deals — have been a dud. The controversial Cybertruck, which is on its eighth recall and has come to embody the public's distaste for Musk, has been such a disaster that thousands of the boldly styled pickups are rotting in dealership lots, with only 7,100 sold in the US over the first quarter. This is all bubbling in the background as Musk has boldly pivoted Tesla towards operating a robotaxi service, which launched unceremoniously in Austin, Texas, last week, with human "safety monitors" conspicuously placed in the front passenger seats. Despite just a dozen or so of the self-driving Teslas in operation — and at that limited to a small "geofenced" area where driving conditions are most ideal — the robotaxis have already drawn the attention of federal regulators for a string of incidents in which they seemingly violated traffic laws. More on Tesla: Tesla Stock in Tailspin After Error-Plagued Robotaxi Debut
