1
00:00:02,120 --> 00:00:04,640
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:04,680 --> 00:00:07,760
Speaker 1: Doug Krisner, a judge in Atlanta, has blocked a last

3
00:00:07,800 --> 00:00:11,000
Speaker 1: minute moved by the Georgia State Election Board to require

4
00:00:11,039 --> 00:00:14,840
Speaker 1: a hand count of ballots across local precincts statewide in

5
00:00:14,880 --> 00:00:19,160
Speaker 1: the US presidential contest in November. Semiconductor related shares are

6
00:00:19,200 --> 00:00:22,720
Speaker 1: being hard hit. The catalyst was the Dutch chip making

7
00:00:22,760 --> 00:00:27,520
Speaker 1: equipment from ASML. Earlier, the company reported a miss on

8
00:00:27,800 --> 00:00:31,720
Speaker 1: expected bookings, about half the orders that analysts had predicted.

9
00:00:31,760 --> 00:00:35,600
Speaker 1: ASML also lowered its guidance for twenty twenty five. Here

10
00:00:35,800 --> 00:00:38,960
Speaker 1: is a Mandeep Singh who covers tech for Bloomberg Intelligence.

11
00:00:39,479 --> 00:00:42,040
Speaker 2: When these companies miss, they miss big. We have seen

12
00:00:42,080 --> 00:00:44,600
Speaker 2: that with Micron, we have seen that with some of

13
00:00:44,640 --> 00:00:47,839
Speaker 2: the other names. But in the case of ISML, the

14
00:00:47,920 --> 00:00:50,879
Speaker 2: secular drivers are intact. When you think about you know,

15
00:00:51,000 --> 00:00:54,840
Speaker 2: every foundry looking to use their machines, looking to go

16
00:00:54,920 --> 00:00:59,000
Speaker 2: to smaller nodes. TSMC actually doing very.

17
00:00:59,200 --> 00:01:02,520
Speaker 1: Well, deep saying with Bloomberg Intelligence. He went on to

18
00:01:02,560 --> 00:01:08,240
Speaker 1: note the TSMC Taiwan Semiconductor is the largest customer for ASML.

19
00:01:08,520 --> 00:01:13,120
Speaker 1: United Airlines reported quarterly profit above analyst expectations. That's assigned

20
00:01:13,120 --> 00:01:16,840
Speaker 1: the carrier as bouncing back from widespread fair discounts that

21
00:01:16,959 --> 00:01:20,920
Speaker 1: squeezed many carriers. This summer. United had adjusted profit of

22
00:01:20,920 --> 00:01:24,160
Speaker 1: three dollars thirty three cents a share, twenty six cents

23
00:01:24,200 --> 00:01:27,759
Speaker 1: above the average estimate. United also authorized a new one

24
00:01:27,800 --> 00:01:31,119
Speaker 1: and a half billion dollar stock buyback, including as much

25
00:01:31,160 --> 00:01:34,920
Speaker 1: as five hundred million dollars this year, and the logistics

26
00:01:34,920 --> 00:01:38,920
Speaker 1: company JB. Hunt reported profit above forecast. The company also

27
00:01:39,040 --> 00:01:43,520
Speaker 1: said demand for its biggest segment, intermodal service, improved throughout

28
00:01:43,520 --> 00:01:47,360
Speaker 1: the quarter. This reflects seasonal activity as well as strong

29
00:01:47,440 --> 00:01:52,520
Speaker 1: performance from its rail providers. Former President Donald Trump defended

30
00:01:52,560 --> 00:01:56,240
Speaker 1: his plans to overhaul the American economy during an interview

31
00:01:56,280 --> 00:02:00,160
Speaker 1: with Bloomberg editor in chief John Micklethwaite. Trump addressed his

32
00:02:00,240 --> 00:02:05,040
Speaker 1: proposal to dramatically increase tariffs and more directly consult with

33
00:02:05,080 --> 00:02:08,520
Speaker 1: the FED. Trump also reiterated his pledge to block the

34
00:02:08,560 --> 00:02:12,480
Speaker 1: sale of US steal to Japan's Nipon Steel if the

35
00:02:12,520 --> 00:02:16,280
Speaker 1: fourteen point one billion dollar transaction was concluded by the

36
00:02:16,320 --> 00:02:17,600
Speaker 1: time he entered office.

37
00:02:17,680 --> 00:02:21,120
Speaker 3: I would stop it if it hasn't been completed by

38
00:02:21,160 --> 00:02:23,080
Speaker 3: the time on president, because I think it's such a

39
00:02:23,120 --> 00:02:23,720
Speaker 3: horrible talent.

40
00:02:24,080 --> 00:02:27,720
Speaker 1: Trump also argued that his policies would inspire growth, despite

41
00:02:27,800 --> 00:02:31,440
Speaker 1: projections that his economic agenda will add to the national

42
00:02:31,520 --> 00:02:33,160
Speaker 1: debt and fuel inflation.

43
00:02:33,680 --> 00:02:36,639
Speaker 3: We're all about growth. We're going to bring companies back

44
00:02:36,680 --> 00:02:39,680
Speaker 3: to our country. We're going to lower taxes still further

45
00:02:39,800 --> 00:02:42,760
Speaker 3: for companies that are going to make their product in

46
00:02:42,800 --> 00:02:47,120
Speaker 3: the USA. We're going to protect those companies with strong tariffs,

47
00:02:47,200 --> 00:02:49,359
Speaker 3: because I'm a believer in tariffs.

48
00:02:49,400 --> 00:02:52,320
Speaker 1: Trump declined to say whether he had spoken with Russian

49
00:02:52,360 --> 00:02:55,200
Speaker 1: President Vladimir Putin since leaving the White House.

50
00:02:55,480 --> 00:02:58,240
Speaker 2: Can you say yes or no whether you have talked

51
00:02:58,400 --> 00:03:01,520
Speaker 2: to Vladimir Putin since you stot being president?

52
00:03:01,600 --> 00:03:03,359
Speaker 3: Well, I don't come into that, but I will tell

53
00:03:03,400 --> 00:03:04,600
Speaker 3: you that if I did, it's.

54
00:03:04,480 --> 00:03:07,800
Speaker 1: A smart thing now. Journalist Bob Woodward reported in his

55
00:03:07,960 --> 00:03:10,800
Speaker 1: new book War that Trump had as many as seven

56
00:03:10,840 --> 00:03:13,919
Speaker 1: phone calls with Putin after Trump left the White House.

57
00:03:14,200 --> 00:03:18,240
Speaker 1: A Trump spokesperson has denied those reports. President Biden says

58
00:03:18,280 --> 00:03:21,280
Speaker 1: Kamala Harris will cut her own path if she were

59
00:03:21,320 --> 00:03:24,399
Speaker 1: to win the election. Bloomberg said Baxter has more.

60
00:03:24,560 --> 00:03:26,519
Speaker 4: It's turning out to be one of the largest issues

61
00:03:26,560 --> 00:03:29,920
Speaker 4: she's had to face. Will she can she separate herself

62
00:03:29,960 --> 00:03:33,320
Speaker 4: from policies of the Biden administration that some voters feel

63
00:03:33,480 --> 00:03:37,760
Speaker 4: are outmoded. Biden says she will take control.

64
00:03:37,520 --> 00:03:40,080
Speaker 5: Four years ago. I picked Kamma to be my vice president.

65
00:03:40,480 --> 00:03:43,080
Speaker 5: I picked herm because she's smart and tough. She's a

66
00:03:43,120 --> 00:03:47,440
Speaker 5: first rate district attorney in out in California, an attorney general,

67
00:03:47,480 --> 00:03:50,480
Speaker 5: and then US Senator. But most of all, I picked

68
00:03:50,520 --> 00:03:52,720
Speaker 5: her because she has characters, she has integrity.

69
00:03:52,960 --> 00:03:56,960
Speaker 4: Biden says her perspective will be fresh and new ed

70
00:03:57,040 --> 00:03:58,360
Speaker 4: Baxter Bloomberg Radio.

71
00:03:58,600 --> 00:04:01,440
Speaker 1: Tom Brady has received a approval from the NFL team

72
00:04:01,440 --> 00:04:04,040
Speaker 1: owners to buy a stake in the Las Vegas Raiders.

73
00:04:04,400 --> 00:04:07,040
Speaker 1: Brady and Tom Wagner, co founder of the hedge fund

74
00:04:07,160 --> 00:04:10,480
Speaker 1: Nighthead Capital, will be acquiring a ten percent stake in

75
00:04:10,520 --> 00:04:12,600
Speaker 1: the team. This deal has been in the work since

76
00:04:12,640 --> 00:04:16,160
Speaker 1: May twenty twenty three, but the approval process was stalled

77
00:04:16,240 --> 00:04:20,000
Speaker 1: due to concerns over the valuation discount given by Raiders

78
00:04:20,040 --> 00:04:23,719
Speaker 1: owner Mark Davis. At the same time, Brady's role as

79
00:04:23,800 --> 00:04:28,080
Speaker 1: a Fox Sports broadcaster will have restrictions. However, Brady is

80
00:04:28,160 --> 00:04:31,480
Speaker 1: expected to have a significant role in decision making around

81
00:04:31,480 --> 00:04:35,520
Speaker 1: the Raiders, and in baseball's postseason, the New York Yankees

82
00:04:35,600 --> 00:04:39,200
Speaker 1: beat the Cleveland Guardians to take Game two of the ALCS.

83
00:04:39,520 --> 00:04:41,920
Speaker 1: That is news when you want it with Bloomberg News Now,

84
00:04:42,000 --> 00:04:44,039
Speaker 1: I'm Doug Chrisner, and this is Bloomberg