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Speaker 1: News when you want it with Bloomberg News now, I'm

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Speaker 1: Doug Krisner. The Fed cut its benchmark interest rate today

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Speaker 1: by a quarter point and policymakers in aggregate also penciled

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Speaker 1: in two more quarter point cuts this year. Now this

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Speaker 1: comes as the Fed shifts its focus from inflation to

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Speaker 1: rising unemployment. Here is FED shared J. Powell.

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Speaker 2: You can think of this in a way as a

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Speaker 2: risk management cut because if you look at the SEP,

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Speaker 2: actually the projections for growth this year and next actually

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Speaker 2: ticked up just a little bit, and inflation and unemployment

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Speaker 2: didn't really move on. So what's different now. What's different

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Speaker 2: now is that you see a very different picture of

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Speaker 2: the risks to the labor market.

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Speaker 1: That is FED shared J. Powell. And as you just heard,

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Speaker 1: he reiterated the dangers of inflation largely due to hikes

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Speaker 1: in tariffs. We got reaction from Jared Bernstein, he is

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Speaker 1: former chairman of the White House Council of Economic Advisors.

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Speaker 3: I think it's more of a step and a return

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Speaker 3: to neutral. I think the weight of the evidence as

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Speaker 3: chair how couldn't have been more clear, is that it

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Speaker 3: made sense to shift from a more neutral stance to

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Speaker 3: one where you worry a little bit more about some

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Speaker 3: of the crack showing in the job market.

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Speaker 1: Economist Jared Bernstein, there now the Fed's concern over inflationary

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Speaker 1: pressures and treasury yields higher today. Higher yields in turn

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Speaker 1: supported the dollar, although in the equity market kind of

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Speaker 1: a mixed day. We had the S and P five

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Speaker 1: hundred down a tenth of one percent. Tyler Robinson, the

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Speaker 1: suspect charged with the assassination of conservative activist Charlie Kirk,

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Speaker 1: was afraid of being shot by police. Authority say Robinson

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Speaker 1: agreed to surrender as long as it was done peacefully.

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Speaker 1: Sheriff Nate Brooksby talked about receiving a phone call indicating

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Speaker 1: Robinson wanted to surrender.

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Speaker 4: Part of the negotiation and getting him to bring himself

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Speaker 4: in was that that we would we would treat it

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Speaker 4: as delicate and as soft as possible to make him

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Speaker 4: feel comfortable to where he would show up at my office.

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Speaker 1: And that's exactly what happened Utah, Sheriff Nate Brooksby speaking there.

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Speaker 1: Disney's ABCTV network is taking Jimmy Kimmel live off the

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Speaker 1: air indefinitely. Now this follows remarks Kimmel made about the

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Speaker 1: killing of Republican activist Charlie Kirk earlier. Next Our Media Group,

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Speaker 1: owner of ABCTV Affiliates, said it would pull the show

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Speaker 1: indefinitely after Kimmel made comments next Our called offensive and insensitive.

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Speaker 1: Disney said the suspension will begin with Wednesday nights broadcast.

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Speaker 1: We moved to central Pennsylvania next, where three police officers

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Speaker 1: are dead and two injured after they attempted to serve

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Speaker 1: a warrant. Investigators say the suspect pulled out a gun

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Speaker 1: and fired at the officers. He then died from a

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Speaker 1: self inflicted gunshot wound. Here is Pennsylvania Governor jos Shapiro.

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Speaker 5: I think it's important for you to know that these

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Speaker 5: families who are dealing with they're grieving right now, and

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Speaker 5: they're suffering right now, took time to tell us how

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Speaker 5: proud they were, how proud they are, pardon me, how

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Speaker 5: proud they are of their loved ones who put on

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Speaker 5: a uniform to keep us safe.

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Speaker 1: Josh Shapiro. There, he is the governor of Pennsylvania. President

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Speaker 1: Trump says he will formally designate Antifa as a major

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Speaker 1: terrorist organization on social media, Trump said he will also

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Speaker 1: be strongly recommending that those funding Antifa be thoroughly investigated

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Speaker 1: in accordance with the highest legal standards and practices. Earlier

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Speaker 1: in the week, Trump telegraphed such a move as his

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Speaker 1: administration began to fulfill its pledge to investigate what Trump

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Speaker 1: called left wing extremism in the wake of the killing

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Speaker 1: of conservative activist Charlie Kirk. President Trump received a grand

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Speaker 1: welcome at Windsor Castle on Wednesday, the first stop in

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Speaker 1: his state visit to the UK. The ceremony featured the

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Speaker 1: largest UK state honor guard to date, with King Charles

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Speaker 1: and senior royals leading the procession. Here is Bloomberg's en

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Speaker 1: Marie Hordern.

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Speaker 6: We did hear from the PRIs though, really talking about

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Speaker 6: the special relationship, saying that these two countries, the relationship

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Speaker 6: is even more than the word special. It's two notes

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Speaker 6: to one cord. And then he went on to bring

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Speaker 6: some politics into it, saying, as he says on a

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Speaker 6: lot of trips, the US is the hottest country right now.

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Speaker 6: And of course maybe he is especially feeling that way

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Speaker 6: given he is sitting next to tech titans, surrounded at

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Speaker 6: this table with UK Royalty who just decided to invest

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Speaker 6: tens of billions of dollars into the UK.

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Speaker 1: That is Bloomberg's and Marie hor Dearn speaking there, and

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Speaker 1: as Anne Marie mentioned, tech companies including Microsoft and OpenAI

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Speaker 1: have announced plans to spend tens of billions of dollars

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Speaker 1: on technology infrastructure in the UK. Now on Thursday, President

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Speaker 1: Trump will be meeting British Prime Minister Keir Starmer for

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Speaker 1: talks focused on trade Ukraine and a new tech partnership.

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Speaker 1: Meta Platforms has unveiled its first smart glasses with a

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Speaker 1: built in screen. The Meta ray Band display will feature

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Speaker 1: a screen in the right lens. It can show text, messages,

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Speaker 1: video calls and more. Here is Meta CEO Mark Zuckerberg.

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Speaker 7: Take super intelligence seriously, this is going to be the

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Speaker 7: most important technology in our lifetimes. AI should serve people,

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Speaker 7: not just be something that sits in a data center

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Speaker 7: automating large parts of society. So we design our glasses

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Speaker 7: to be able to empower people with new capabilities as

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Speaker 7: soon as they become possible.

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Speaker 1: That is Meta CEO Mark Zuckerberg. These new glasses, by

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Speaker 1: the way, will go on sale September thirtieth at a

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Speaker 1: price of seven hundred and ninety nine dollars, and that

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Speaker 1: is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Chrisner, and this is Bloomberg