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

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Speaker 1: Doug Chrisner. The Biden administration has discussed capping sales of

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Speaker 1: advanced AI semiconductors from Nvidia and other American chip makers

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Speaker 1: on a country specific basis. We are told the aim

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Speaker 1: is to limit some nations artificial intelligence capabilities. Now, this

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Speaker 1: new approach would set a ceiling on export licenses for

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Speaker 1: certain countries in the interest of national security. Officials seem

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Speaker 1: to be focused on Persian Gulf countries that have a

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Speaker 1: growing appetite for AI data centers and the deep pockets

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Speaker 1: to fund them. FED Governor Chris Waller was saying today,

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Speaker 1: recent ecodata shows the Central Bank can take a more

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Speaker 1: cautious approach to cutting interest rates. Here's Waller speaking earlier

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Speaker 1: at the Hoover Institution in California.

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Speaker 2: This data is signaling that the economy may not be

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Speaker 2: slowing as much as desired. While we do not want

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Speaker 2: to overreact to this data or look through it, I

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Speaker 2: viewed that totality of this data, saying monetary policy should

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Speaker 2: proceed with more caution on the pace of rate cuts

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Speaker 2: than was needed. At the September meeting.

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Speaker 1: Chris Waller there and he cited recent labor market figures

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Speaker 1: showing a drop in unemployment given robust hiring. We go

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Speaker 1: to China next, where exports and loans expanded. However, the

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Speaker 1: levels were a little disappointing for the month of September. Yes,

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Speaker 1: it's another sign of weakening growth in China. We have

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Speaker 1: more from Bloomberg's Juan Wong.

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Speaker 3: In Hong Kong, financial institutions offered one point six trillion

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Speaker 3: yuan or two hundred and twenty six billion dollars of

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Speaker 3: new loans last month. That missed a forecast of one

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Speaker 3: point nine trillion yuan. That's even though credit growth overall

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Speaker 3: beat expectations. That was mainly due to US surge in

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Speaker 3: government bond sales. Meantimes, Heisin says China might raise six

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Speaker 3: trillion yuan or eight hundred and forty six billion dollars

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Speaker 3: from special government bonds over three years. The funds will

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Speaker 3: partly be used to help local governments relieve their debt burden.

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Speaker 3: Fiscal spending is still seen by many as key to

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Speaker 3: sustaining a rebound in Chinese markets and the economy. In

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Speaker 3: Hong Kong, joined Wong Bloomberg Radio.

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Speaker 1: Elliott Investment Management is calling for a special shareholder meeting

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Speaker 1: at Southwest Airlines. This officially kicks off Elliot's first US

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Speaker 1: proxy fight since twenty seventeen. The activist wants a meeting

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Speaker 1: on December tenth so its fellow investors can vote on

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Speaker 1: Elliott's new board of nominees. Israeli Prime Minister Benjamin ett

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Speaker 1: Niaho has reportedly told the Biden administration he is willing

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Speaker 1: to strike military targets rather than oil or nuclear facilities

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Speaker 1: in Iran. The Washington Post reports this retaliatory action would

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Speaker 1: be calibrated to avoid the perception of political interference in

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Speaker 1: the US elections. Meantime, Israel says it intercepted a number

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Speaker 1: of projectiles fired from Lebanon hours after a Hesbealo drone

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Speaker 1: attack that killed four soldiers at a northern Israeli base.

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Speaker 1: Here is Bloomberg's Dan Williams from Jerusalem.

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Speaker 4: Irons across central Israel. Apparently millions of Israelis taking shelter

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Speaker 4: as Hellsbella launched more missiles toward that area. So I

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Speaker 4: think the Americans here are trying to show these Ralies that,

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Speaker 4: though there may be disputes about policy, about strategy, when

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Speaker 4: it comes to core defense. They're there for it in

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Speaker 4: very short order.

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Speaker 1: That's Bloomberg's Dan Williams. Now, the US is sending its

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Speaker 1: advanced missile defense system, known as THAD to Israel. It's

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Speaker 1: expected to arrive tomorrow. Vice President Kamala Harris is announcing

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Speaker 1: a series of proposals aimed at giving black men more

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Speaker 1: economic opportunities. Harris is working to energize a key voting

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Speaker 1: block that has Democrats concerned about a lack of enthusiasm.

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Speaker 1: Here is Bloomberg News Managing editor Derek Wallbank.

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Speaker 5: When it's this close, every little bit counts. And so

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Speaker 5: if you're talking about a segment of the electorate like

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Speaker 5: black men who overwhelmingly vote for Democrats, but maybe are

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Speaker 5: not polling as voting as much for Harris as they

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Speaker 5: might have for Obama or Biden or insert other people here,

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Speaker 5: then yeah, if you sit there and you say sixty

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Speaker 5: five percent support, we focus on that, We get it

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Speaker 5: up to seventy percent support. That becomes real numbers, especially

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Speaker 5: in places like Detroit, especially in places like Philadelphia.

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Speaker 1: That's Bloomberg's Derek Waaldbank. Now, the Vice President's plan includes

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Speaker 1: providing forgivable business loans for entrepreneurs, creating more apprenticeships, and

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Speaker 1: studying sickle cell and other diseases that disproportionately affect black men.

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Speaker 1: British Prime Minister Kiir Starmer rejected the suggestion that the

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Speaker 1: UK government was considering raising capital gains tax at a

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Speaker 1: rate as high as thirty nine percent ahead of the

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Speaker 1: October thirtieth budget. Starmer is trying to reset the narrative

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Speaker 1: of his administration after a shaky first one hundred days

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Speaker 1: in office. Here's Starmer speaking with Bloomberg Television at the

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Speaker 1: speculation is getting pretty wide to the mark, but so

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Speaker 1: one of the monk.

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Speaker 3: It's getting to the area which is wide of them all.

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Speaker 1: Starmer also told Bloomberg that he would stick to pledges

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Speaker 1: from the Labor Party's manifesto on not raising national insurance

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Speaker 1: for workers. He did, however, leave open the possibility of

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Speaker 1: raising business contributions to the payroll tax. In Major League

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Speaker 1: Baseball's Pennant Races, the New York Mets beat the Los

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Speaker 1: Angeles Dodgers to even the National League Championship Series at

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Speaker 1: one game apiece, and in the ALCS, the New York

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Speaker 1: Yankees beat the Cleveland Guardians in Game one. That is

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

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Speaker 1: prisoner and this is Bloomberg