WEBVTT - Kirk Suspect Held Without Bail, New Nasdaq High, More

0:00:00.800 --> 0:00:03.960
<v Speaker 1>News when you want it with Bloomberg News Now, I'm

0:00:03.960 --> 0:00:08.000
<v Speaker 1>at Kalengi. The man accused of killing conservative activist Charlie Kirk,

0:00:08.039 --> 0:00:11.760
<v Speaker 1>identified as Tyler Robinson, was arrested on suspicion of murder

0:00:11.800 --> 0:00:15.120
<v Speaker 1>and weapons offenses. Robinson is being held in County jail

0:00:15.160 --> 0:00:18.279
<v Speaker 1>in Utah without bail. He was arrested by law enforcement

0:00:18.360 --> 0:00:21.720
<v Speaker 1>after a family member alerted authorities that he had confessed

0:00:22.040 --> 0:00:25.360
<v Speaker 1>or at least implied involvement in the killing. Utah Governor

0:00:25.400 --> 0:00:27.640
<v Speaker 1>Spencer Cox said, in the light of the killing of Kirk,

0:00:27.680 --> 0:00:31.000
<v Speaker 1>We've come to a crossroads. This is our moment. Do

0:00:31.080 --> 0:00:33.519
<v Speaker 1>we escalate or do we find it out?

0:00:33.920 --> 0:00:35.800
<v Speaker 2>And again it's a choice.

0:00:36.080 --> 0:00:39.720
<v Speaker 1>No formal charges have been filed against Robinson, but authorities

0:00:39.760 --> 0:00:42.560
<v Speaker 1>in Utah say they intend to file them early next week.

0:00:42.760 --> 0:00:45.000
<v Speaker 1>Nasdaq climb to another record, while the S and P

0:00:45.120 --> 0:00:47.400
<v Speaker 1>five hundred index ended the week just shy of a

0:00:47.440 --> 0:00:50.239
<v Speaker 1>new high. We get more from Bloomberg's Charlie Pellett.

0:00:50.440 --> 0:00:53.360
<v Speaker 2>A strong week on Wall Street ended on a quiet note.

0:00:53.440 --> 0:00:57.400
<v Speaker 2>Stalks held near all time high's bonds fell as consumer

0:00:57.480 --> 0:00:59.760
<v Speaker 2>data did little to Walter Betts that the Fed will

0:00:59.800 --> 0:01:03.720
<v Speaker 2>cut rates in September, the IPO market kicked into high gear,

0:01:04.000 --> 0:01:07.679
<v Speaker 2>with deals raising over four billion dollars in the busiest

0:01:07.720 --> 0:01:11.080
<v Speaker 2>period since twenty twenty one, while a gauge of megacaps

0:01:11.160 --> 0:01:14.720
<v Speaker 2>jumped one point sixty five percent, led by Tesla, which

0:01:14.840 --> 0:01:17.840
<v Speaker 2>was up seven point four percent for the week. The

0:01:17.959 --> 0:01:20.039
<v Speaker 2>S and P was up one point six percent. The

0:01:20.120 --> 0:01:23.360
<v Speaker 2>Dalvias week up point nine percent. Now Stack up two

0:01:23.400 --> 0:01:26.959
<v Speaker 2>percent in New York Charlie Pellet Bloomberg Radio.

0:01:27.400 --> 0:01:30.920
<v Speaker 1>Tesla recently unveiled a new pay package for Elon Musk

0:01:31.080 --> 0:01:33.600
<v Speaker 1>that could see him gain more than a trillion dollars

0:01:33.640 --> 0:01:37.760
<v Speaker 1>in stock options. Tesla Board of Directors chair Robin Denholm says,

0:01:37.760 --> 0:01:39.320
<v Speaker 1>the board stands behind Musk.

0:01:39.959 --> 0:01:43.319
<v Speaker 3>We believe that Elon is the right CEO for Tesla

0:01:43.360 --> 0:01:47.760
<v Speaker 3>over this transformative period of time, and our view is

0:01:47.920 --> 0:01:51.520
<v Speaker 3>he's a generational leader. There aren't any other people out

0:01:51.520 --> 0:01:54.920
<v Speaker 3>there like Elon who can actually lead the company over

0:01:54.960 --> 0:01:56.720
<v Speaker 3>this next decade or so.

0:01:57.160 --> 0:01:59.640
<v Speaker 1>You can hear the entire interview with Tesla board cheer

0:01:59.680 --> 0:02:03.720
<v Speaker 1>Robin Denholm on the Bloomberg Talks podcast. Black Rock executive

0:02:03.800 --> 0:02:06.040
<v Speaker 1>Rick Reader is rising up the list of contenders to

0:02:06.080 --> 0:02:08.720
<v Speaker 1>service the next chair of the Federal Reserve after Jerome

0:02:08.760 --> 0:02:12.120
<v Speaker 1>Powell's term expires in May. This, according to an administration official.

0:02:12.520 --> 0:02:15.440
<v Speaker 1>In a wide ranging interview that lasted for two hours Friday,

0:02:15.480 --> 0:02:18.440
<v Speaker 1>a New York Treasury Secretary Scott Bessant and reader discussed

0:02:18.480 --> 0:02:24.040
<v Speaker 1>monetary policy, the Fed's organizational structure, and regulatory policy. Bessant

0:02:24.080 --> 0:02:27.200
<v Speaker 1>has so far interviewed four of the eleven candidates publicly

0:02:27.280 --> 0:02:30.320
<v Speaker 1>named as under consideration for the top central bank job.

0:02:31.040 --> 0:02:33.720
<v Speaker 1>President Trump says he plans to deploy the National Guard

0:02:33.800 --> 0:02:37.160
<v Speaker 1>to Memphis, and the latest escalation of his administration's efforts

0:02:37.160 --> 0:02:39.520
<v Speaker 1>to crack down on what it casts as rampant crime

0:02:39.560 --> 0:02:42.360
<v Speaker 1>in democratic run cities. Trump said Friday morning in an

0:02:42.400 --> 0:02:45.560
<v Speaker 1>interview with Fox News, We're going to Memphis, adding that

0:02:45.600 --> 0:02:48.800
<v Speaker 1>the city was deeply troubled. The President said the deployment

0:02:48.840 --> 0:02:51.760
<v Speaker 1>would include National Guard and anyone else we need. Hours

0:02:51.760 --> 0:02:54.960
<v Speaker 1>after he spoke, Tennessee Governor Bill Lee said the comprehensive

0:02:54.960 --> 0:02:58.480
<v Speaker 1>MISSI would encompass the National Guard, FBI, State Highway Patrol,

0:02:58.880 --> 0:03:03.040
<v Speaker 1>Memphis Police, and other law enforcement agencies. Boeing Saint Louis

0:03:03.080 --> 0:03:06.120
<v Speaker 1>area defense workers will remain on strike after they rejected

0:03:06.120 --> 0:03:09.800
<v Speaker 1>a third contract offer from management, extending a month old

0:03:09.880 --> 0:03:14.440
<v Speaker 1>clash that has complicated the US planemaker's turnaround. Vaccine maker's

0:03:14.440 --> 0:03:17.400
<v Speaker 1>shares fell after a report that Trump health officials plan

0:03:17.480 --> 0:03:20.079
<v Speaker 1>to link COVID shots to the deaths of around two

0:03:20.120 --> 0:03:23.639
<v Speaker 1>dozen children, and a presentation to advisors to the Centers

0:03:23.680 --> 0:03:27.040
<v Speaker 1>for Disease Control and Prevention next week. The Washington Post

0:03:27.040 --> 0:03:29.400
<v Speaker 1>reported Friday that a group of health officials appear to

0:03:29.400 --> 0:03:32.959
<v Speaker 1>have used the vaccine Adverse Event Reporting system to tie

0:03:33.000 --> 0:03:36.080
<v Speaker 1>the deaths of twenty five children to COVID vaccines. A

0:03:36.160 --> 0:03:39.800
<v Speaker 1>high profile advisory committee that Kennedy revamped to include vaccine

0:03:39.800 --> 0:03:44.040
<v Speaker 1>critics is scheduled to discuss the shots from companies including Pfiser, Moderna,

0:03:44.080 --> 0:03:47.800
<v Speaker 1>and BioNTech at its meeting next week. Moderna shares closed

0:03:47.800 --> 0:03:50.680
<v Speaker 1>down over seven percent Friday. Pfizer shares fell just underd

0:03:50.680 --> 0:03:54.520
<v Speaker 1>four percent. BioNTech US traded shares closed down over seven percent.

0:03:55.080 --> 0:03:57.680
<v Speaker 1>Bank of America is shaking up its senior ranks with

0:03:57.760 --> 0:03:59.960
<v Speaker 1>moves that narrow the slate of leaders who could want

0:04:00.000 --> 0:04:03.760
<v Speaker 1>one day succeed longtime chief executive officer Brian moynihan. The

0:04:03.800 --> 0:04:07.480
<v Speaker 1>company named Dean Athanasia and Jim Demayer co presidents reporting

0:04:07.480 --> 0:04:11.960
<v Speaker 1>to moynihan directly. Alistair Borthwick will continue as chief financial Officer,

0:04:12.000 --> 0:04:15.400
<v Speaker 1>while adding the title of Executive vice president. The Friday

0:04:15.480 --> 0:04:17.400
<v Speaker 1>number is on Wall Street the down it lost two

0:04:17.440 --> 0:04:19.719
<v Speaker 1>seventy three, as that K ninety eight. The S and

0:04:19.720 --> 0:04:22.400
<v Speaker 1>P dropped three. The ten year Treasury yield at four

0:04:22.440 --> 0:04:25.480
<v Speaker 1>point zero six percent, and the two year yield is

0:04:25.480 --> 0:04:29.599
<v Speaker 1>at three point five six percent. The institutions are longtime frenemies,

0:04:29.640 --> 0:04:32.520
<v Speaker 1>and Trump could complicate their relationship even further. What would

0:04:32.520 --> 0:04:35.039
<v Speaker 1>a new Treasury Fed accord look like? You can read

0:04:35.040 --> 0:04:38.000
<v Speaker 1>all about it in Bloomberg's weekend edition, exploring the places

0:04:38.000 --> 0:04:41.040
<v Speaker 1>where finance, life and culture meet on Bloomberg dot Com

0:04:41.040 --> 0:04:43.800
<v Speaker 1>in the Bloomberg Business app. That's news when you want

0:04:43.800 --> 0:04:47.400
<v Speaker 1>it with Bloomberg News. Now I'm in Kleggy. This is

0:04:47.480 --> 0:04:48.080
<v Speaker 1>Bloomberg