Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: at Kalengi. The man accused of killing conservative activist Charlie Kirk,
Speaker 1: identified as Tyler Robinson, was arrested on suspicion of murder
Speaker 1: and weapons offenses. Robinson is being held in County jail
Speaker 1: in Utah without bail. He was arrested by law enforcement
Speaker 1: after a family member alerted authorities that he had confessed
Speaker 1: or at least implied involvement in the killing. Utah Governor
Speaker 1: Spencer Cox said, in the light of the killing of Kirk,
Speaker 1: We've come to a crossroads. This is our moment. Do
Speaker 1: we escalate or do we find it out?
Speaker 2: And again it's a choice.
Speaker 1: No formal charges have been filed against Robinson, but authorities
Speaker 1: in Utah say they intend to file them early next week.
Speaker 1: Nasdaq climb to another record, while the S and P
Speaker 1: five hundred index ended the week just shy of a
Speaker 1: new high. We get more from Bloomberg's Charlie Pellett.
Speaker 2: A strong week on Wall Street ended on a quiet note.
Speaker 2: Stalks held near all time high's bonds fell as consumer
Speaker 2: data did little to Walter Betts that the Fed will
Speaker 2: cut rates in September, the IPO market kicked into high gear,
Speaker 2: with deals raising over four billion dollars in the busiest
Speaker 2: period since twenty twenty one, while a gauge of megacaps
Speaker 2: jumped one point sixty five percent, led by Tesla, which
Speaker 2: was up seven point four percent for the week. The
Speaker 2: S and P was up one point six percent. The
Speaker 2: Dalvias week up point nine percent. Now Stack up two
Speaker 2: percent in New York Charlie Pellet Bloomberg Radio.
Speaker 1: Tesla recently unveiled a new pay package for Elon Musk
Speaker 1: that could see him gain more than a trillion dollars
Speaker 1: in stock options. Tesla Board of Directors chair Robin Denholm says,
Speaker 1: the board stands behind Musk.
Speaker 3: We believe that Elon is the right CEO for Tesla
Speaker 3: over this transformative period of time, and our view is
Speaker 3: he's a generational leader. There aren't any other people out
Speaker 3: there like Elon who can actually lead the company over
Speaker 3: this next decade or so.
Speaker 1: You can hear the entire interview with Tesla board cheer
Speaker 1: Robin Denholm on the Bloomberg Talks podcast. Black Rock executive
Speaker 1: Rick Reader is rising up the list of contenders to
Speaker 1: service the next chair of the Federal Reserve after Jerome
Speaker 1: Powell's term expires in May. This, according to an administration official.
Speaker 1: In a wide ranging interview that lasted for two hours Friday,
Speaker 1: a New York Treasury Secretary Scott Bessant and reader discussed
Speaker 1: monetary policy, the Fed's organizational structure, and regulatory policy. Bessant
Speaker 1: has so far interviewed four of the eleven candidates publicly
Speaker 1: named as under consideration for the top central bank job.
Speaker 1: President Trump says he plans to deploy the National Guard
Speaker 1: to Memphis, and the latest escalation of his administration's efforts
Speaker 1: to crack down on what it casts as rampant crime
Speaker 1: in democratic run cities. Trump said Friday morning in an
Speaker 1: interview with Fox News, We're going to Memphis, adding that
Speaker 1: the city was deeply troubled. The President said the deployment
Speaker 1: would include National Guard and anyone else we need. Hours
Speaker 1: after he spoke, Tennessee Governor Bill Lee said the comprehensive
Speaker 1: MISSI would encompass the National Guard, FBI, State Highway Patrol,
Speaker 1: Memphis Police, and other law enforcement agencies. Boeing Saint Louis
Speaker 1: area defense workers will remain on strike after they rejected
Speaker 1: a third contract offer from management, extending a month old
Speaker 1: clash that has complicated the US planemaker's turnaround. Vaccine maker's
Speaker 1: shares fell after a report that Trump health officials plan
Speaker 1: to link COVID shots to the deaths of around two
Speaker 1: dozen children, and a presentation to advisors to the Centers
Speaker 1: for Disease Control and Prevention next week. The Washington Post
Speaker 1: reported Friday that a group of health officials appear to
Speaker 1: have used the vaccine Adverse Event Reporting system to tie
Speaker 1: the deaths of twenty five children to COVID vaccines. A
Speaker 1: high profile advisory committee that Kennedy revamped to include vaccine
Speaker 1: critics is scheduled to discuss the shots from companies including Pfiser, Moderna,
Speaker 1: and BioNTech at its meeting next week. Moderna shares closed
Speaker 1: down over seven percent Friday. Pfizer shares fell just underd
Speaker 1: four percent. BioNTech US traded shares closed down over seven percent.
Speaker 1: Bank of America is shaking up its senior ranks with
Speaker 1: moves that narrow the slate of leaders who could want
Speaker 1: one day succeed longtime chief executive officer Brian moynihan. The
Speaker 1: company named Dean Athanasia and Jim Demayer co presidents reporting
Speaker 1: to moynihan directly. Alistair Borthwick will continue as chief financial Officer,
Speaker 1: while adding the title of Executive vice president. The Friday
Speaker 1: number is on Wall Street the down it lost two
Speaker 1: seventy three, as that K ninety eight. The S and
Speaker 1: P dropped three. The ten year Treasury yield at four
Speaker 1: point zero six percent, and the two year yield is
Speaker 1: at three point five six percent. The institutions are longtime frenemies,
Speaker 1: and Trump could complicate their relationship even further. What would
Speaker 1: a new Treasury Fed accord look like? You can read
Speaker 1: all about it in Bloomberg's weekend edition, exploring the places
Speaker 1: where finance, life and culture meet on Bloomberg dot Com
Speaker 1: in the Bloomberg Business app. That's news when you want
Speaker 1: it with Bloomberg News. Now I'm in Kleggy. This is
Speaker 1: Bloomberg