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Speaker 1: News when you want it with Bloomberg News Now, I

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Speaker 1: made Kleggi. Florida is bracing for another potential hurricane less

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Speaker 1: than two weeks after Hurricane Helene devastated a wide swath

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Speaker 1: of the US southeast. Tropical Storm Milton has formed in

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Speaker 1: the Gulf of Mexico and is expected to grow into

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Speaker 1: a hurricane and make landfall in central Florida Wednesday morning.

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Speaker 1: According to Aciweather, they predict between four and eight inches

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Speaker 1: of rain in central and South Florida, while Tapa and

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Speaker 1: Orlando could be hit with eight to twelve inches. Acueather

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Speaker 1: Senior meteorologist Bob Sperbeck said on Saturday, Florida residents could

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Speaker 1: face wide spread power outages, tornadoes, and storm surges over

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Speaker 1: the next week. President Joe Biden is planning a pair

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Speaker 1: of economic announcements, including new student loan debt relief, before

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Speaker 1: departing for a trip to Germany and Angola, as the

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Speaker 1: White House seeks to harness momentum from recent positive economic data.

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Speaker 1: Biden is set to announce next week that he is

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Speaker 1: expanding student debt relief for public workers. This according to

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Speaker 1: a senior White House official who described the plans on

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Speaker 1: the condition of anonymity. He's also expected to reveal federal

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Speaker 1: actions as part of his administration's efforts to replace the

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Speaker 1: nation's led pipes within a decade. Federal Reserve Bank of

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Speaker 1: Chicago President Austin Goulesby load of the strong September jobs report,

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Speaker 1: but warned of putting too much stock in one month's data,

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Speaker 1: adding that there are risks that inflation might undershoot the

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Speaker 1: Central banks two percent target.

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Speaker 2: The revisions of the previous months upward in jobs growth

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Speaker 2: and the unemployment rate coming down. If we get more

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Speaker 2: reports like this, I'm going to feel a lot more

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Speaker 2: confident that we are, in fact settling in at full employment.

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Speaker 1: Federal Reserve Bank of Chicago President Austin Goulesby Boeing is

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Speaker 1: set to resume mediated negotiations on Monday with its largest union.

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Speaker 1: We get that story from Bloomberg's Charlie Pellett.

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Speaker 3: It's a bid to end a crippling strike by thirty

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Speaker 3: three thousand factory workers. The International Association of Machinists and

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Speaker 3: Aerospace Workers says the talks will resume at nine am

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Speaker 3: Pacific time. The sides have been at an impass since

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Speaker 3: negotiations broke down On September twenty seventh in New York,

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Speaker 3: Charlie Pellett Bloomberg Radio.

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Speaker 1: With September's blowout jobs report behind US investor focus now

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Speaker 1: turns to the latest readings on inflation. Bloomberg's Karen Moscow

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Speaker 1: takes a look at the economic calendar.

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Speaker 4: The week begins with a look at consumer credit on Monday.

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Speaker 4: Tuesday is the train balance, and Wednesday we get minutes

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Speaker 4: from the Fed September meeting, which could get more clarity

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Speaker 4: into the decision to cut interest rates by fifty basis points.

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Speaker 4: Thursday is the consumer price index for September, followed by

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Speaker 4: the producer price index. On Friday, that's the same day

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Speaker 4: JP Morgan and Wells Fargo kickoff earning season for the

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Speaker 4: big Wall Street banks, and we also get a look

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Speaker 4: at consumer sentiment from the University of Michigan. Karen Moscow,

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Speaker 4: Bloomberg Radio.

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Speaker 1: Earlier this week, Open Ai completed a deal to raise

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Speaker 1: six point six billion dollars in new funding, giving the

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Speaker 1: artificial intelligence company a one hundred and fifty seven billion

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Speaker 1: dollar valuation in bolstering its efforts to build the world's

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Speaker 1: leading generative AI technology. Two hundred and fifty million of

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Speaker 1: that came from ARC invest. On Friday, CEO Kathy Wood

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Speaker 1: told Bloomberg they made that investment because we're going to.

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Speaker 5: See a shift, maybe a share shift, away from software

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Speaker 5: as a service towards platform as a service, so so

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Speaker 5: think about Pallenteer and Foundation monks an infrastructure as a

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Speaker 5: service so cloud. And the reason for that is because

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Speaker 5: engineers are going to be made so much more productive,

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Speaker 5: developers so much more productive by open AI.

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Speaker 1: That's Kathy Wood speaking with Bloomberg's Carol Masser and Tim Stenovik.

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Speaker 1: David Patterson and his stepson were attacked Friday night on

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Speaker 1: Manhattan's Upper east Side, near the former New York Governor's home.

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Speaker 1: The two were assaulted by some individuals that had a

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Speaker 1: previous interaction with his stepson. This according to a statement

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Speaker 1: for the Patterson family. They both suffered some injuries but

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Speaker 1: were able to fight off their attackers. Patterson, who was

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Speaker 1: seventy and legally blind, sustained face and headed injuries and

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Speaker 1: the assault on Second Avenue near ninety sixth Street. He

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Speaker 1: was taken along with his twenty year old step son,

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Speaker 1: Anthony Sliwa, to wild Cornell Medical Center. This, according to

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Speaker 1: the New York Police Department, which said no arrests have

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Speaker 1: been made. Game one of the National League Division Series,

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Speaker 1: the New York Mets defeated the Philadelphia Phillies six to two,

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Speaker 1: and Game one of the American League Division Series, the

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Speaker 1: Cleveland Guardian shut out the Detroit Tigers seven nothing. That's

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

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Speaker 1: in Kalengi and this is Bloomberg