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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner.

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Speaker 1: World leaders have convened in New York City for the

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Speaker 1: UN General Assembly Today. President Trump addressed the body and

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Speaker 1: touted the accomplishments of his administration. He also assailed the

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Speaker 1: UN for offering nothing but empty words. Here's Trump.

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Speaker 2: We have reasserted that America belongs to the American people,

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Speaker 2: and I encourage all countries to take their own stand

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Speaker 2: in defense of their citizens as well. You have to

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Speaker 2: do that because I see it. I'm not mentioning names.

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Speaker 2: I see it, and I can call every single one

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Speaker 2: of them. You're destroying your countries. They're being destroyed. It's

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Speaker 2: time to end the failed experiment of open borders. You

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Speaker 2: have to end it now. Let's see. I can tell

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Speaker 2: you I'm really good at this stuff. Your countries are

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Speaker 2: going to hell.

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Speaker 1: Later in the day, Trump met with Ukrainian President Volodimir Zolenski,

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Speaker 1: and after the meeting, Trump took to truth Social and

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Speaker 1: said I thinks Ukraine can win all its territory back

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Speaker 1: from Russia, provided it has European support. Trump also said

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Speaker 1: he believed NATO nations should shoot down Russian aircraft that

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Speaker 1: violate their airspaces. Here is Latvia's president Edgar's Rin Kaevich

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Speaker 1: speaking to Bloomberg.

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Speaker 3: President Trump and other leaders who have expressed their views

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Speaker 3: on this issue are right. If Russian aircraft keep flying,

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Speaker 3: keep violating out a space, NATO's airspace, then the only

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Speaker 3: way how to stop them is to show force.

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Speaker 1: That is Latvia's president Edgar's are in Kaevich. They're speaking

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Speaker 1: to Bloomberg. In the Asia Pacific, super typhoon Ragasa is

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Speaker 1: expected to cause widespread damage. The storm right now is

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Speaker 1: lashing Hong Kong, where the local Weather Bureau issued its

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Speaker 1: highest storm warning overnight, known as signal number ten. This

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Speaker 1: indicates hurricane force wins. The alert is expected to remain

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Speaker 1: in place for some time. Here is Bloomberg zevon men

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Speaker 1: in Hong Kong.

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Speaker 4: This typhoon is living up to its name right now,

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Speaker 4: because it was almost like a flip of the switch.

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Speaker 4: At around two am this morning. I woke up and

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Speaker 4: I think that's when the things started to get a

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Speaker 4: bit shaky, right, and buildings were certainly rattling, and we

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Speaker 4: saw trees being toppled. We're talking now about sustain with

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Speaker 4: a north of two hundred kilometers per hour at one point.

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Speaker 4: So certainly there is still a lot of concerns about

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Speaker 4: the damage that we could see coming out of this.

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Speaker 1: That was bloomberggsyvon Men. Now the super typhoon has already

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Speaker 1: led to hundreds of flights being canceled, schools being closed,

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Speaker 1: and business activities suspended, not only in Hong Kong, but

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Speaker 1: Macau and across southern parts of China as well. We

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Speaker 1: go to the American economy next and FED Shair J.

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Speaker 1: Powell saying there are risk to both outlooks for the

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Speaker 1: labor market and inflation, and Powell reiterated his view that

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Speaker 1: FED policymakers likely will have a difficult road ahead as

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Speaker 1: they weigh further cuts to infrastrates. Powell speaking to the

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Speaker 1: Greater Providence Chamber of Commerce in Rhode Island.

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Speaker 5: In the labor market, there has been a marked slowdown

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Speaker 5: in both the supply of and demand for workers, an

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Speaker 5: unusual and challenging development in this less dynamic and somewhat

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Speaker 5: softer labor market. The downside, risks to employment have risen.

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Speaker 1: Later during the Q and A, Powell said the FED

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Speaker 1: must remain attentive to the possibility that Trump's tariffs lead

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Speaker 1: to persistent inflationary effects.

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Speaker 5: The pass through to consumers has been later and less

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Speaker 5: than we expected. How much of that will continue? I

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Speaker 5: don't know what. The responsible thing from our standpoint was

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Speaker 5: to watch and wait, because it's our job to make

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Speaker 5: sure we don't make a mistake on inflation.

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Speaker 1: That was Fedschair J Powell there. He offered no hints,

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Speaker 1: by the way, on whether he might support a rate

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Speaker 1: cut at the fed's next meeting in October. We moved

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Speaker 1: to Earning's News next after the Micron Technology gave an

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Speaker 1: upbeat sales forecast for the current quarter. This is being

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Speaker 1: helped by demand for artificial intelligence equipment, particularly those high

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Speaker 1: bandwidth memory chips. Here is Bloomberg's Annabel Jewelers.

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Speaker 6: Yeah, really big, clocused on the guidance, and that's what

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Speaker 6: investors we're really paying attention to. But essentially a fiscal

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Speaker 6: first quarter revenue tip to come in at twelve point

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Speaker 6: five billion dollars. That's well ahead of what Wall Street

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Speaker 6: had been expecting of eleven point nine billion dollars. And

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Speaker 6: also proper per share came in better than expected for

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Speaker 6: their guidance as well.

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Speaker 1: That is Bloomberg's Anabel Jewelers shares and Micron were up

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Speaker 1: four tens to one percent at the end of late

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Speaker 1: New York trading. California Attorney General Rob Bonta is slamming

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Speaker 1: the Trump administration over its decision to put a one

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Speaker 1: hundred thousand dollars application fee on the H one B

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Speaker 1: visa program. Bonta said the move creates uncertainty and unpredictability

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Speaker 1: for businesses in his state, and Bonta is examining whether

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Speaker 1: the changes to the visa program violate the Federal Administrative

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Speaker 1: Procedure Act. It bars abrupt rule changes by the government

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Speaker 1: without a period of public notice. And that is news

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Speaker 1: when you want it with Bloomberg News. Now, I'm Doug Prisner,

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Speaker 1: and this is Bloomberg