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

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Speaker 1: met Kleggy. The man accused of killing conservative activist Charlie Kirk,

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Speaker 1: identified as Tyler Robinson, was arrested on suspicion of murder

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Speaker 1: and weapons offenses. Robinson is being held in County jail

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Speaker 1: in Utah without bail. He was arrested by law enforcement

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Speaker 1: after a family member alerted authorities that he had confessed

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Speaker 1: or at least implied involvement in the killing. Utah Governor

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Speaker 1: Spencer Cock set in light of the killing of Kirk,

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Speaker 1: We've come to a crossroads.

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Speaker 2: This is our moment. Do we escalate or do we

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Speaker 2: find an off ramp, And again, it's a choice.

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Speaker 1: Utah Attorney General Derek Brown spoke with Joe Matthew on

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Speaker 1: Balance of Power and talked about the coordination leading to

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Speaker 1: the arrest of Robinson.

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Speaker 2: Well, look, we are relieved. Yes, we do have the

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Speaker 2: suspect in custody. But I think what's most important is

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Speaker 2: there was a level of cooperation and coordination among law

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Speaker 2: enforcement officials that I've I've never seen and this is

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Speaker 2: a model for how it should be done, not just

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Speaker 2: in Utah, but across the nation.

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Speaker 1: No formal charges have been filed against Robinson, but authorities

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Speaker 1: in Utah said they intend to file them early next week.

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Speaker 1: Bank of America is shaking up at senior ranks with

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Speaker 1: moves that narrow the slate of leaders who could one

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Speaker 1: day succeed longtime Chief Executive officer Brian moynihan. The company

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Speaker 1: named Dean Athanasia and Jim Demayer co presidents, reporting to

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Speaker 1: Mornihan directly. Alistair Borthwick will continue as Chief financial Officer

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Speaker 1: while adding the title of executive vice president. Nasdak climbed

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Speaker 1: to another record Friday, while the S and P five

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Speaker 1: hundred index ended the week just sh I have a

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Speaker 1: new high. We get more from Bloomberg's Charlie Pellett.

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Speaker 3: A strong week on Wall Street ended on a quiet note.

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Speaker 3: Stalks held near all time highs bonds fell as consumer

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Speaker 3: data did little to Walter Betts of the Fed will

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Speaker 3: cut rates. In September. The IPO market kicked into high gear,

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Speaker 3: with deals raising over four billion dollars, is in the

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Speaker 3: busiest period since twenty twenty one, while a gauge of

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Speaker 3: megacaps jumped one point sixty five percent, led by Tesla,

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Speaker 3: which was up seven point four percent for the week,

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Speaker 3: the SMP was up one point six percent, the Dalvias

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Speaker 3: week up point nine percent. Now Stack up two percent

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Speaker 3: in New York Charlie Pellett Bloomberg Radio.

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Speaker 1: Tesla recently unveiled a new pay package for Elon Musk

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Speaker 1: that could see him gain more than a trillion dollars

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Speaker 1: in stock options. Tesla Board of Directors chair Robin Denholm says,

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Speaker 1: the board stands behind Musk.

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Speaker 4: We believe that Elon is the right CEO for Tesla

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Speaker 4: over this transformative period of time, and our view is

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Speaker 4: he's a generational leader. There aren't any other people out

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Speaker 4: there like Elon who can actually lead the company over

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Speaker 4: this next decade or so.

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Speaker 1: You can hear the entire interview with Tesla board chair

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Speaker 1: Robin Denholm on the Bloomberg Talks podcast. Black Rock executive

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Speaker 1: Rick Reader is rising up the list of contenders to

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Speaker 1: serve as the next chair of the Federal Reserve after

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Speaker 1: Jerome Powell's term expires in May. This according to an

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Speaker 1: administration official. In a wide ranging interview that lasted for

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Speaker 1: two hours on Friday in New York, Treasury Secretary Scott

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Speaker 1: Bessant and Reader discussed monetary policy the fed's organizational structure

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Speaker 1: and regulatory policy. Bessant has so far interviewed four of

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Speaker 1: the eleven candidates publicly named as under consideration for the

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Speaker 1: top central Bank job. President Trump says he plans to

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Speaker 1: deploy the National Guard to Memphis, in his latest escalation

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Speaker 1: of his administration's efforts to crack down on what it

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Speaker 1: casts as rapid crime in democratic run cities. Trump said

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Speaker 1: Friday morning in an interview with Fox News, We're going

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Speaker 1: to Memphis, adding the city was deeply troubled. The President

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Speaker 1: said the deployment would include National Guard and anyone else

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Speaker 1: we need. Hours after he spoke, Texas Governor Bill Lee

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Speaker 1: said the comprehensive mission would encompass the National Guard, FBI,

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Speaker 1: State Highway Patrol, Memphis polities, and other law enforcement agencies.

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Speaker 1: A US Immigration and Customs enforcement officer fatally shot a

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Speaker 1: suspect who tried to evade arrest Friday in a Chicago

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Speaker 1: suburb by driving his car at officers and dragging one

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Speaker 1: of them. The shooting just outside the city follows days

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Speaker 1: of threats by the Trump administration to surge immigration enforcement

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Speaker 1: in the nation's third largest city, and less than a

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Speaker 1: week into an operation labeled Midway Blitz by federal officials

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Speaker 1: targeting the so called sanctuary policies in Chicago and Illinois.

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Speaker 1: The Friday numbers on Wall Street the Dell lost two

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Speaker 1: seventy three as that gained ninety eight. The S and

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Speaker 1: P dropped three. The ten year treasurer yields at four

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Speaker 1: point zero six percent, the two year yield at three

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Speaker 1: point five six percent. That's news when you want it

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Speaker 1: with Bloomberg News now, I'm Ad Klegy. This is Bloomberg