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Speaker 1: News when you want it with Bloomberg News Now, I

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Speaker 1: met Kalenki. President Joe Biden Friday asked Congress to speed

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Speaker 1: authorization of about one point six billion dollars for the

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Speaker 1: Small Business Administration so it can properly respond to the

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Speaker 1: devastation wrought by Hurricane Helen and other disasters. The SBA

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Speaker 1: offers low interest loans to businesses affected by disasters, but

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Speaker 1: the presidents at the agency will run out of funding

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Speaker 1: in a matter of weeks and well before the Congress

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Speaker 1: is planning to reconvene. Biden's letter to Republican and Democratic

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Speaker 1: leaders of the House and Senate did not include the

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Speaker 1: specific dollar request, which was described by a senior Administration

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Speaker 1: official on the condition of anonymity. President Biden sought to

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Speaker 1: discourage Israel from attacking Iran's oil fields as the US

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Speaker 1: looks to shape Prime Minister Benjamin Netanyahu's response to a

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Speaker 1: ballistic missile barrage and keep the region from descending into

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Speaker 1: all out war. Biden, addressing reporters at the White House Friday,

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Speaker 1: acknowledge that Israel would respond in some fashion as Nettannah,

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Speaker 1: who vowed to do soon after Iran fired about two

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Speaker 1: hundred missiles at Israeli targets on Tuesday, but he's also

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Speaker 1: sought to keep Nettaya, who from going too far, discouraging

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Speaker 1: a strike on oil facilities and previously saying Israel should

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Speaker 1: not strike Iran's nuclear facilities either. Earlier this week, open

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Speaker 1: Ai completed a deal to raise six point six billion

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Speaker 1: dollars in new funding, giving the artificial intelligence company a

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Speaker 1: one hundred and fifty seven billion dollar valuation and bolstering

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Speaker 1: its efforts to build the world's leading generative AI technology.

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Speaker 1: Two hundred and fifty million of that came from ARC invest.

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Speaker 1: On Friday, CEO Kathy Wood told Bloomberg they made the

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Speaker 1: investment because we're going to.

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Speaker 2: See a shift, maybe a share shift, away from software

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Speaker 2: as a service towards platform as a service. So think

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Speaker 2: about Palneer and Foundation looks an infrastructure as a service,

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Speaker 2: so cloud. And the reason for that is because engineers

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Speaker 2: are going to be made so much more productive, developers

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Speaker 2: so much more productive by open Ai.

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Speaker 1: Kathy Wood, speaking with Bloomberg's Carol Masser and Tim Stenovik,

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Speaker 1: Federal Reserve Bank of Chicago President Austin Golesby lauded the

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Speaker 1: strong September jobs report, but warned of putting too much

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Speaker 1: stock in one month's data, adding that there are risks

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Speaker 1: that inflation might undershoot the Central banks two percent target.

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Speaker 3: The revisions of the previous months upward in jobs growth

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Speaker 3: and the unemployment rate coming down. If we get more

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Speaker 3: reports like this, I'm going to feel a lot more

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Speaker 3: confident that we are in fact settling in at full employment.

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Speaker 1: Federal Reserve Bank of Chicago President Austin Golesby. The September

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Speaker 1: jobs report and the stalled dock workers strike could give

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Speaker 1: Kamala Harris a one two punch of momentum on the economy.

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Speaker 1: Bloomberg's Nathan Higger reports from Washington.

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Speaker 4: The economy remains voters number one concern, and the latest

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Speaker 4: Bloomberg News Morning Console poll shows just thirty three three

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Speaker 4: percent of battleground state voters think it's on the right track.

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Speaker 4: That number has been rising though since President Biden dropped

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Speaker 4: out of the race, and the Harris campaign may be

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Speaker 4: hoping it goes up even further after the blowout jobs report.

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Speaker 4: The Trump supporting super pac MAGA Inc. Is already questioning

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Speaker 4: the September numbers. It says previous payrolls reports have been

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Speaker 4: revised downward, and this one could be as well. In Washington,

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Speaker 4: I'm Nathan Hager Bloomberg Radio.

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Speaker 1: And Kamala Harris is getting new support from the Boss.

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Speaker 5: Donald Trump is the most dangerous candidate for president in

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Speaker 5: my lifetime. His disdain for the sanctity of our constitution,

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Speaker 5: the sanctity of democracy, the sanctity of the rule of law,

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Speaker 5: and the sanctity of the peaceful transfer of power should

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Speaker 5: disqualify him from the office of president ever again.

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Speaker 1: Bruce Springsteen posts that on Instagram Friday morning, Mark Zuckerberg

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Speaker 1: passes Jeff Bezos and it's now the second richest person

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Speaker 1: in the world, just behind him. According to the Bloomberg

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Speaker 1: Billionaires Index, the Meta CEO is now worth two hundred

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Speaker 1: and six billion dollars. He inched up on the list

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Speaker 1: after betting heavily on the metaverse and had paid off.

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Speaker 1: Meta shares have risen twenty three percent since reporting better

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Speaker 1: than expected second quarter results. Zuckerberg has added more to

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Speaker 1: his seventy eight billion dollar fortune this year than any billionaire.

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Speaker 1: The Friday numbers on Wall Street stocks rose, with the

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Speaker 1: Dow closing at a record as traders gave thumbs up

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Speaker 1: to the day's strong reading of September employment. The Dow

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Speaker 1: was up three point forty one, NASDAC gained two nineteen,

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Speaker 1: and the S ANDP climbed fifty one. That's news when

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Speaker 1: you want it with Bloomberg News. Now, I made Kaleggiate

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Speaker 1: and this is Bloomberg