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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, We'll have the latest details on President Donald Trump's

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Speaker 3: state visit to the UK in a moment. But we

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Speaker 3: begin this morning with a major move from Walt Disney.

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Speaker 3: It's ABC network is taking Jimmy Kimmel Live off the

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Speaker 3: air indefinitely. That's after the late night talk show host

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Speaker 3: comments about the killing of Republican activist Charlie Kirk. We

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Speaker 3: get the latest on that now with Bloomberg's John Tucker.

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Speaker 4: John and in his monologue Monday night, Kimmel accused Republicans

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Speaker 4: of using Charlie Kirk's death to criticize their opponents.

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Speaker 5: He had some new lows over the weekend with the

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Speaker 5: Magga Gang desperately trying to characterize this kid who murdered

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Speaker 5: Charlie Kirk as anything other than one of them, and

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Speaker 5: everything they can to score political points from it.

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Speaker 4: That true backlash. Next, Our Media group, which owns dozens

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Speaker 4: of ABCTV affiliates, said it would poll the show indefinitely

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Speaker 4: from its stations over the remarks that were offensive and insensitive.

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Speaker 4: Oh Nextdoor has business pending before the FCC, the broadcaster

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Speaker 4: seeking federal approval for a six point two billion dollar

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Speaker 4: agreement to acquire another local station owner. It is a

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Speaker 4: treacherous political climate for major media companies, and this is

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Speaker 4: just the latest example of the Trump administration pressuring them

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Speaker 4: to mine their talents on air remarks. In July, CBS

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Speaker 4: announced it its late night show, hosted by Stephen Colbert,

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Speaker 4: who's been a critic of Trump. At the time, its

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Speaker 4: Paramount Global was seeking FCC approval for its takeover by

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Speaker 4: Skydance Media. Disney gave no indication of when or if

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Speaker 4: Kimmel Show might return. On social media, President Trump praised

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Speaker 4: the move and said NBC should fire its late night hosts.

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Speaker 4: In New York. On John Tucker Bloomberg Radio, all.

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Speaker 6: Right, John, thank you. How we want to get to

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Speaker 6: the latest.

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Speaker 2: President Trump's trip to the UK has stayed visit now

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Speaker 2: turns from pomp to tougher diplomatic talks on trade and

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Speaker 2: foreign policy. Let's go to London and get the very

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Speaker 2: latest from Bloomberg Daybreak Europe anchor Caroline Hepgar, Good morning, Caroline.

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Speaker 7: Good morning, Karen. The British Government will surely be delighted

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Speaker 7: that the show stop a state banquet was such a

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Speaker 7: hit with President Donald Trump. The King's speech was warm

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Speaker 7: but true to the man and to British concerns. The

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Speaker 7: Monarch pressed the need to safeguard the environment, support Ukraine,

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Speaker 7: and to go even further on the recent UK US

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Speaker 7: trade deal. The President, for his part, lavish praise on

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Speaker 7: the war family, the shared history of the two countries.

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Speaker 7: Here is a moment from his speech at Saint George's

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Speaker 7: Hall in Windsor Castle.

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Speaker 8: This is surely one of the highest honors of my life.

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Speaker 8: Such to respect for you and such respect for your

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Speaker 8: country for many decades, his Majesty, the King is epitomized

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Speaker 8: the fortitude nobility of the British monarchy and the British people.

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Speaker 7: The President said, the word special doesn't do the relationship

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Speaker 7: between the UK and US justice. Does that mean any

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Speaker 7: concessions on security and trade? For the Prime Minister Kirs

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Speaker 7: Starmer at Checkers today, the government's guiding expectations low and

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Speaker 7: focused on pulling off a perilous joint press conference.

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Speaker 2: What are we expecting today at Checkers, Caroline.

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Speaker 7: Well, do the differences between the UK Government and the

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Speaker 7: US administration stay behind closed doors or emerge. The UK

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Speaker 7: has got a different view on Israel, wants support in

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Speaker 7: terms of Ukraine says that the UK's free speech is

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Speaker 7: as robust and not in doubt as ever before. So

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Speaker 7: will the press conference See pointed questions for President Trump

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Speaker 7: in connection to Jeffrey Epstein. The UK has also still

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Speaker 7: got to appoint a new ambassador to Washington for the moment.

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Speaker 7: Starmer is pointing to this record one hundred and fifty

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Speaker 7: billion pounds of investment from big US tech firms into

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Speaker 7: the UK that it will deliver seven six hundred jobs here.

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Speaker 7: Protests against Trump and Britain have been fairly muted. Now

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Speaker 7: we await President Trump in his more familiar setting, taking

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Speaker 7: questions in just a matter of hours. Is it fair

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Speaker 7: to say the UK is holding its breath?

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Speaker 6: WHI is it?

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Speaker 2: Well? We'll be watching, won't we Bloombergy daybreak? You're a baker,

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Speaker 2: Caroline hebgar, Thank you, of course, We'll be checking in

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Speaker 2: with you throughout the morning.

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Speaker 3: Thank Karen. While the President is in the UK appears

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Speaker 3: to have domestic politics in mind. He posted on truth

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Speaker 3: Social last night that he plans to designate Antifa a

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Speaker 3: major terrorist organization. The President also says he will strongly

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Speaker 3: recommend thorough investigations of groups that fund the organization. The

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Speaker 3: White House has promised to investigate what it calls left

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Speaker 3: wing extremism in the wake of Charlie Kirk's shooting death,

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Speaker 3: and TIFA is a loose collective of far left militant

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Speaker 3: group's authorities have not linked Kirk's killing directly to any

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Speaker 3: political organization.

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Speaker 2: Well on Capitol Hill, Nathan the House has killed a

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Speaker 2: resolution to censure Congressoman Ilanomer over her comments about the

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Speaker 2: conservative activists. The Democrat from Minnesota told a liberal podcaster

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Speaker 2: that Republicans praising Kirk for civil.

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Speaker 6: Debate were full of it.

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Speaker 2: Republican Congressoman Nancy Mays proposed the resolution that would have

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Speaker 2: stripped Omer of her committee assignments. For Republicans joined Democrats

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Speaker 2: in blocking it.

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Speaker 3: Turning to Wall Street, now, Karen futures are pointed higher,

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Speaker 3: a day after the Federal Reserve slashed interest rates for

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Speaker 3: the first time this year. The quarter point reduction came

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Speaker 3: after a significant slowdown in job growth and an unprecedented

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Speaker 3: pushed by the White House for much lower rates. Here's

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Speaker 3: Fed Chair Jay Powell.

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Speaker 9: You can think of this in a way as a

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Speaker 9: risk management cut because if you look at the SEP,

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Speaker 9: actually the projections for growth this year and next actually

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Speaker 9: ticked up just a little bit, and inflation and unemployment

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Speaker 9: didn't really move once.

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Speaker 6: So what's different now.

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Speaker 9: What's different now is that you see a very different

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Speaker 9: picture of the risks to the labor market.

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Speaker 3: The decision from J. Powell Company to cut rates a

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Speaker 3: quarter point was nearly unanimous. The loan descent came from

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Speaker 3: FED Governor Stephen Myron, who favored a larger reduction.

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Speaker 2: Well, Nathanis markets hover near record highs. Investors will get

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Speaker 2: a key earnings report to digest. Package delivery company FedEx

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Speaker 2: reports after the closing bill, and we get a preview

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Speaker 2: with Bloomberg's Tom Busby.

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Speaker 10: Despite some successful cost cutting, FedEx all continued weakness and

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Speaker 10: parcelshipping demand, and once again it's not likely to reinstate

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Speaker 10: a full year outlook. The main driver for that the

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Speaker 10: cancelation of the Dominimus exemption for lower price shipments out

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Speaker 10: of China, Hong Kong and other countries into the US,

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Speaker 10: which went into effect at the end of last month. Still,

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Speaker 10: Bloomberg consensus calls for revenue of twenty one point six

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Speaker 10: eight billion dollars on adjusted earnings per share of three

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Speaker 10: dollars sixty one cents. Tom Busby, Bloomberg Radio, our K,

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Speaker 10: Tom Thanks and other company news. Meta Platforms wants to

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Speaker 10: turn its smart glasses into a must have product that's

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Speaker 10: coming out now with a new model with the built

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Speaker 10: in screen. The social media giant is rebranding the product

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Speaker 10: AI Glasses with a price tag seven hundred and ninety

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Speaker 10: nine dollars. Meta CEO Mark Zuckerberg says he's bringing super

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Speaker 10: intelligence to consumer electronics.

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Speaker 11: This is going to be the most important technology in

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Speaker 11: our lifetimes. AI should serve people, not just be something

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Speaker 11: that sits in a data center automating large parts of society.

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Speaker 11: So we design our glasses to be able to empower

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Speaker 11: people with new capabilities as soon as they become possible.

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Speaker 3: Mark Zuckerberg spoke at Meta's annual event to showcase new technology.

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Speaker 3: The company hopes the new glasses will be a stepping

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Speaker 3: stone to full augmented reality glasses.

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Speaker 2: Time now for look at some of the other stories

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Speaker 2: making news in New York and around the world, And

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Speaker 2: for that we're joined by Bloomberg's and Monica Riggs Monica,

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Speaker 2: good morning.

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Speaker 12: Hey, Good morning, Karen. Democrats say Republicans are not communicating

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Speaker 12: right now. With just weeks to go to avert a

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Speaker 12: government shutdown, Senate Minority Leader Chuck Schumer, we have two weeks.

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Speaker 5: They should sit down and talk to us and we

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Speaker 5: maybe can get a good proposal, let's see. But when

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Speaker 5: they don't talk to us, there's no hope of getting

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Speaker 5: a good proposal, and that makes no sense.

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Speaker 12: Democrats released their version of a budget last night. Members

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Speaker 12: of the House Judiciary Committee grilled FBI Director Cash but

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Speaker 12: Tell for about five hours yesterday about increasing political violence,

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Speaker 12: as well as his handling of the Jeffrey Epstein files.

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Speaker 12: Florida Republican Byron Donald called out Democrats.

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Speaker 4: They had full access of the Epstein files under the

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Speaker 4: Biden administration.

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Speaker 6: They could have released all the information. Then they chose

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Speaker 6: not to.

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Speaker 12: He says they're just trying to win midterm votes. Investigators

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Speaker 12: have released more details now about the arrest of Tyler Robinson,

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Speaker 12: who's accused of killing Charlie Kirk last week in Utah.

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Speaker 12: Washington County Sheriff Nate Brooksby says Robinson wanted to surrender he.

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Speaker 11: Was fearful of the SWAT team hit on his house,

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Speaker 11: or he was fearful of being shot by law enforcement.

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Speaker 12: Robinson's now facing felony murder charges. Israel's military is now

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Speaker 12: pushing ahead with its offensive in Gaza's city by massive

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Speaker 12: protests in Jerusalem, it Hoel's Sun is still being held

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Speaker 12: hostage by Hummas.

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Speaker 10: I'm very worried about the war and the military pressure.

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Speaker 7: N Commas because my son is in there.

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Speaker 12: More than four hundred thousand civilians in Gaza have already

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Speaker 12: been evacuated, and Starbucks workers taking legal action now here

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Speaker 12: at home in three states over the coffee giants dress code.

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Speaker 12: This took effect back in May, but employees claim that

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Speaker 12: Starbucks refuses to reimburse them for having to buy new clothes.

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Speaker 12: Global News twenty four hours a day and whenever you

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Speaker 12: want it with Bloomberg News Now. I'm Monica Ricks, and

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Speaker 12: this is Bloomberg Karen Nathan.

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Speaker 6: Thanks Monica.

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Speaker 2: Time now for our Bloomberg Sports update, and for that

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Speaker 2: we bring in John Stashower.

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Speaker 13: Thanks Karon. The latest team to clinch a post scenes

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Speaker 13: in birth that Cubs they'll be at least a wildcard

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Speaker 13: of the National League. They'll be their first postseason since

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Speaker 13: twenty twenty. Seattle lost at Kansas City seven to five,

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Speaker 13: and the Mariners ten game winning stream Acon in Houston

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Speaker 13: beat Texas five to two. The Astros moved back into

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Speaker 13: first place by a half game. The NFL game tonight

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Speaker 13: is Miami in Buffalo, where the Dolphins have lost fifty

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Speaker 13: to the last seventeen. The forty nine Ers dy quarterback

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Speaker 13: Brock Party may play Sunday. He missed last week with

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Speaker 13: injuries to his toe and shoulder. That's the Bloomberg Sports Update.

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Speaker 6: Stay with us. More from Bloomberg day Break coming up after.

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Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. President Donald Trump and King

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Speaker 3: Charles the Third highlighted the unique bond between the US

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Speaker 3: and the United Kingdom during a lavish dinner at Windsor

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Speaker 3: Castle last night. As the President's second state visit to

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Speaker 3: the UK continues, the King is suggesting that bond could

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Speaker 3: be pointed at global challenges.

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Speaker 14: As tyranny once again stressed as Europe, we and our

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Speaker 14: allies stand together in support of Ukraine to the terror

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Speaker 14: aggression and secure peace.

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Speaker 3: King Charles speaking at the state dinner for President Trump

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Speaker 3: last night. This morning, we were joined back at Windsor

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Speaker 3: Castle by Bloomberg's Lizzie Burden. Some very interesting comments there

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Speaker 3: from his Majesty Lizzie, what kind of influence is the

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Speaker 3: King trying to have over this state visit? As the

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Speaker 3: focus turns from the pomp to the politics today, Good morning, Yeah, you.

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Speaker 6: Heard the King.

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Speaker 15: They're emphasizing, Nathan, the need to defend both Ukraine and

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Speaker 15: also the environment. He said, we are kin. He noted

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Speaker 15: that British soil makes for nice golf courses, so turning

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Speaker 15: on the charm and the President nodding along the whole way.

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Speaker 15: Even if these comments hit on the fault lines between

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Speaker 15: the US and the UK right now, even if it's

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Speaker 15: a meal that's really designed to curry favor with the President,

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Speaker 15: it's notable because the monarch is traditionally restrained. But King Charles,

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Speaker 15: as we know, is different to his mother, the late

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Speaker 15: Queen Elizabeth. He is more confident in speaking his own mind,

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Speaker 15: stepping into politics. But around the table. It wasn't just

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Speaker 15: the royals and the President and First Lady. You also

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Speaker 15: had some of the biggest names of Silicon Valley and

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Speaker 15: Wall Street, the likes of Apple's Tim Cook notably back

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Speaker 15: in the Bold City groups. Jane Brazier notably absent though

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Speaker 15: was a UK ambassador to Washington. Peter Mandelson of course

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Speaker 15: forced to depart over his links to Jeffrey Epstein. That

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Speaker 15: could be an awkward subject for the press conference later today.

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Speaker 3: And as we get set for that press conference, what

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Speaker 3: are we expecting now with the presidents set to go

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Speaker 3: from Windsor over to Prime Minister Starmer's country of stated checkers.

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Speaker 15: Yeah, the focus turning from pageantry to business and politics.

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Speaker 15: In terms of business arm as he's saying that a

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Speaker 15: record one hundred and fifty billion pounds that's about two

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Speaker 15: hundred and five billion dollars I think of investment into

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Speaker 15: the UK is going to be unveiled across the whole visit.

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Speaker 15: So the lion's share of that coming from Blackstone. It'll

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Speaker 15: create seven six hundred jobs here at a time when

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Speaker 15: Britain really needs the economic growth and it isn't just

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Speaker 15: a one way street. The UK also investing in the

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Speaker 15: US twenty two billion pounds from GSK into US. Farmer

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Speaker 15: also commitments from the likes of BP and SAGE. But

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Speaker 15: when it comes to politics, Starmer looking to press Trump

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Speaker 15: on both trade to improve the trade deal and Ukraine.

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Speaker 15: We're not expecting any major breakthrough, Nathan. But what he

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Speaker 15: isn't likely to raise is the Middle East. The Times

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Speaker 15: of London reporting overnight that Starmer is going to formally

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Speaker 15: recognize Palestine as a state this weekend, so after Trump's gone,

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Speaker 15: but it'll come ahead of that You and General Assembly

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Speaker 15: meeting in New York next week, and clearly the idea

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Speaker 15: is to try and avoid a diplomatic incident, but again

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Speaker 15: it could dominate that press conference later on today.

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Speaker 3: Only thirty seconds left, Lizzie. So are we expecting any

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Speaker 3: concessions when it comes to trade from the President.

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Speaker 15: Well, it looks like Starmer has already given up on

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Speaker 15: many of the things that he would like to have

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Speaker 15: negotiated this time. Steal tariffs for example, he's accepting at

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Speaker 15: twenty five percent for now. It doesn't look like there'll

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Speaker 15: be concessions when it comes to tariffs on Scotch whiskey.

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Speaker 15: So we've yet to see what the President was referring

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Speaker 15: to when he said that there's room to negotiate when

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Speaker 15: he was speaking to reporters before he boarded Air Force one.

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