Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 3: stories we're following today.
Speaker 4: Karen, we begin overseas and President Donald Trump's state visit
Speaker 4: to the UK. King Charles is preparing to host the
Speaker 4: President at Windsor Castle. Let's go to London and get
Speaker 4: the very latest with Bloomberg day Break. Europe Banker Caroline Hepger.
Speaker 4: Good morning, Caroline, Good morning Nathan.
Speaker 5: They say Windsor castles the ultimate right, says President Trump,
Speaker 5: while the British government is certainly hoping.
Speaker 6: So.
Speaker 5: The President and First Lady have had a night at
Speaker 5: the eleventh century castle. They'll be greeted this morning by
Speaker 5: the Prince and Princess of Wales, then the King and
Speaker 5: Queen with a carriage ride, a guard of honor, glittering
Speaker 5: white tie banquet, all private, away from any protests. Photos
Speaker 5: of Trump and Jeffrey Epstein beamed onto Windsor Castle having
Speaker 5: been swiftly removed with fours made now. The UK has
Speaker 5: already seen some significant pledges, more than forty two billion
Speaker 5: dollars for tech and AI investments into Britain for Microsoft,
Speaker 5: OpenAI and others who are also on this state visit,
Speaker 5: but hopes of lowering steel tariffs have been put on
Speaker 5: the back burner, And yet Nathan quiet optimism. Given that
Speaker 5: President Trump is the most angli phile US leader in decades,
Speaker 5: Britain has a golden opportunity to make its case to
Speaker 5: the most powerful political and tech leaders in the world.
Speaker 4: So while we wait for more on that potential opportunity, Caroline,
Speaker 4: what are some potential pitfalls though?
Speaker 2: For Prime Minister care starmer Well.
Speaker 5: President Trump goes to the prime minister's country as state
Speaker 5: checkers on Thursday. There'll be bagpipes there, a bilateral meeting
Speaker 5: and the Chancellor Rachel Reeves is hosting a business reception too,
Speaker 5: So the real peril is actually at a joint press
Speaker 5: conference that will be held. Will difficult questions emerge about
Speaker 5: the UK's former ambassador to the US, Peter Mandlson, being
Speaker 5: fired over his relationship with Jeffrey Epstein, the UK's poised
Speaker 5: to maybe recognize a Palestinian state. Will there be repeated
Speaker 5: criticism about the state of free speech hit in the
Speaker 5: UK and Kirstarma also won stronger measures from the US
Speaker 5: side against Russia over Ukraine. Does a big win on
Speaker 5: Capex for UK data centers really deliver growth in jobs.
Speaker 5: There could be many many questions that come up in
Speaker 5: that press conference.
Speaker 4: All right, Bloomberg day Break here Baker, Caroline Hepger, thank
Speaker 4: you for this. We'll be checking back with Caroline throughout
Speaker 4: the morning.
Speaker 3: Nathan, a Spirit Airlines passenger jet got a little too
Speaker 3: close for comfort with Air Force one carrying President Trump
Speaker 3: to London. It happened over Long Island when an air
Speaker 3: traffic controller noticed their altitudes were similar and flight paths converging.
Speaker 3: The controller trying to alert the Spirit pilots to change
Speaker 3: their course, and after they did not respond, he repeated
Speaker 3: the message, raising his voice and commanding them to turn
Speaker 3: twenty degrees right immediately.
Speaker 4: Well, later this month, Karen, President Trump is going to
Speaker 4: be meeting with another world leader, Israeli Prime Minister Benjamin
Speaker 4: netan Yahoo plans to visit the White House September twenty ninth. Netanyah,
Speaker 4: who says he's had a number of conversations with the
Speaker 4: President after Israel's strike on Hamas leaders in Doha kat
Speaker 4: He says the conversations were quote very good.
Speaker 3: Well, Nathan, we turned down to one of the most
Speaker 3: highly anticipated and controversial FED decisions in years. The new
Speaker 3: FED board now includes White House Economic Advisor Stephen Myron,
Speaker 3: and it still has FED Governor Lisa Cook, who President
Speaker 3: Trump is trying to fire. We get more in the
Speaker 3: decision from Bloomberg's Michael McKee.
Speaker 6: There's no question this is going to be a different
Speaker 6: kind of FED meeting. There's a lot of storylines here,
Speaker 6: of course, the biggest is Stephen Myron joining and the
Speaker 6: Governor Lisa Cook being able to continue with her role
Speaker 6: at the FED. Now, the question is who's it's next
Speaker 6: to whom in that meeting and what will it be
Speaker 6: like in terms of the discussions, which is actually a
Speaker 6: real question because Myron has not participated in the run
Speaker 6: up to this, hasn't had the briefings, doesn't know what
Speaker 6: other FED officials are going to be saying, and they
Speaker 6: go around the table and they all give a presentation
Speaker 6: about the economy. So it isn't clear exactly how much
Speaker 6: he's going to contribute, other than one expects he will
Speaker 6: vote for the rate.
Speaker 3: Cut and Bloomberg's Michael McKee will be part of our
Speaker 3: Bloomberg surveillance. The FED decides special this afternoon at one
Speaker 3: thirty pm Wall Street Time. You can watch and listen
Speaker 3: on Bloomberg Radio, Bloomberg Television, and the Bloomberg Podcast channel
Speaker 3: on YouTube.
Speaker 4: Karen, Let's get to the latest down the Charlie Kirk
Speaker 4: murder case. The suspect and the conservative activists shooting death
Speaker 4: has made his first court appearance. Twenty two year old
Speaker 4: Tyler Robinson is facing a first degree aggravated murder charge
Speaker 4: in Utah County Attorney Jeff Gray says he will seek
Speaker 4: the death penalty.
Speaker 7: As county attorney, I am charged with bringing justice to
Speaker 7: those who offend our laws. I am charged with bringing
Speaker 7: justice for those who harm, for those who are harmed.
Speaker 7: I am charged with bringing justice for Charlie Kirk.
Speaker 4: Utah County Attorney Jeff Gray says DNA matching Robinson was
Speaker 4: found on the rifle that investigators think was used in
Speaker 4: the shooting. He also says Robinson confessed in text messages
Speaker 4: with his roommate whom he was dating. The judge set
Speaker 4: the next hearing for the end of this month, when
Speaker 4: Robinson could be asked to enter a plea.
Speaker 3: Well, let's turn to the nation's capital now. Nathan and
Speaker 3: FBI Director Cash Pttel clashed with Democratic senators during the
Speaker 3: first of two oversight hearings this week, and Bloomberg's Amy
Speaker 3: Morris has more from Washington.
Speaker 8: Patel faced criticism from Senate Democrats over his handling of
Speaker 8: the investigation into the death of conservative activist Charlie Kirk
Speaker 8: and Patel's leadership. Three former senior FBI officials are suing
Speaker 8: over their firing, which they called retribution. Patel responded when
Speaker 8: Democratic Senator Corey Booker said he didn't think he'd be
Speaker 8: in that job much longer.
Speaker 2: That rant does not bring this country together. My god,
Speaker 2: my god, if you want to talk about biding this country,
Speaker 2: it is. I follow you on your social media posts.
Speaker 2: Is come part? Your time over? Committee, Sir. You don't
Speaker 2: tell me my time is over? You know how tell
Speaker 2: me what my time is next.
Speaker 8: Patel will testify before the House Judiciary Committee in Washington.
Speaker 8: Amy Morris Bloomberg Radio.
Speaker 2: Amy Thanks.
Speaker 4: The White House says TikTok can continue operating in the
Speaker 4: US until December sixteenth. The latest extension comes as Bloomberg
Speaker 4: News has learned TikTok's US operations will be bought by
Speaker 4: a consortium of US companies under a deal to be
Speaker 4: discussed between President Trump and China's Shi Jinping. The framework
Speaker 4: agreement involves a US based version of the app backed
Speaker 4: by firms including Oracle, private equity firms Silver Lake and
Speaker 4: Venture Capital Company andres and US Trade Representative Jamison Greer
Speaker 4: says the deal represents a step forward in the ongoing saga.
Speaker 9: The TikTok saga has gone on for a long time.
Speaker 9: Toward the end of his first term, President Trump set
Speaker 9: about to solve it. Over the course of the Biden administration,
Speaker 9: they grappled with this issue but could not solve it.
Speaker 9: But as of yesterday, we believe that President Trump has
Speaker 9: in fact resolved this issue.
Speaker 4: US Trade rep. Jamison grousepoke on Fox Business. Under an
Speaker 4: initial agreement, a Chinese owned Byte Dance's stake in TikTok
Speaker 4: would fall below twenty percent to satisfy a US law
Speaker 4: that requires the Beijing based company to divest. President Trump
Speaker 4: is set to speak with President she on the deal
Speaker 4: this Friday.
Speaker 3: Well Ifan cheers of Nvidia down seven tenths of uppercent
Speaker 3: this morning. The Financial Times is reporting China's internet regulator
Speaker 3: has told the country's tech companies to stop buying all
Speaker 3: of in Video's AI chips and terminate their existing orders.
Speaker 3: The move comes as Beijing steps up efforts to boost
Speaker 3: its homegrown semiconductor industry and compete with the US.
Speaker 4: And another tech giants seeing a slowdown in China. Karen
Speaker 4: Apples smartphone sales fell six percent there in the weeks
Speaker 4: leading up to the iPhone seventeen line. That's a deeper
Speaker 4: slump than usual before a major product release. But Apple
Speaker 4: wasn't the only one. China's overall smartphone market shrank two
Speaker 4: percent in July and August. Companies with bigger market share
Speaker 4: like shall Me, Vivo and Honor Device also saw declines.
Speaker 3: And Nathan take a platform. Stub Hub goes public today.
Speaker 3: It prices initial public offering at the midpoint of a
Speaker 3: marketed range to raise eight hundred million dollars. The company
Speaker 3: shares will trade under the symbol STUB or stub. The
Speaker 3: USIPO market is on a hot streak, with about four
Speaker 3: point seven billion dollar raised since the Labor Day holiday time.
Speaker 3: Now for look at some of the other stories making
Speaker 3: news in New York and around the world, and for
Speaker 3: that we're joined by Bluebers.
Speaker 2: Michael Barr. Michael, good morning, Good morning, Karen.
Speaker 10: Terrorism and first degree murdered charges were dropped against Luigi
Speaker 10: Mangione after a judge decided the charges lacked sufficient evidence.
Speaker 10: Prosecutors accused Mangioni of fatally shooting United Healthcare CEO Brian
Speaker 10: Thompson last December and Manhattan as an act of terror.
Speaker 10: The twenty seven year old still faces second degree murder
Speaker 10: charges and has pleaded not guilty. Former CDC director doctor
Speaker 10: Susan Manaris will appear before the Senate Health Committee today.
Speaker 10: Manaris is expected to testify about her firing and her
Speaker 10: month working for Health and Human Services Secretary Robert F.
Speaker 10: Kennedy Junior, one of its members. Senator Susan Collins, spoke
Speaker 10: about doctor Manares when she appeared before the World Medical
Speaker 10: Innovation Forum in Boston.
Speaker 5: Susan put it best to me.
Speaker 2: She said that she just she was asked.
Speaker 1: To fire all these people and refused to do it.
Speaker 10: Senator Collins, a main Republican, lauded Manaris' work and says
Speaker 10: she looks forward to going into further detail on her
Speaker 10: firing In New York City. We'll find out later this
Speaker 10: morning about the future of a casino in Times Square.
Speaker 10: A final vote is expected on whether the casino proposal
Speaker 10: moves forward. There have been demonstrations on both sides for
Speaker 10: and against the Caesars Palace casino that is currently the
Speaker 10: home of the Men's Gough Theater. The Food and Drug
Speaker 10: Administration says it is conducting an independent physician investigation into
Speaker 10: the twenty five reports of child doubts after receiving COVID vaccines.
Speaker 10: FDA Commissioner doctor Martin mckarey says self reported underified cases
Speaker 10: are part of a database that are available to the
Speaker 10: public but need to be investigated.
Speaker 11: Some people say, you shouldn't be looking at this, You
Speaker 11: should not be sharing data like this with the public
Speaker 11: because it may lead some to question the vaccine. We
Speaker 11: believe in full transparency people can make their own decision.
Speaker 10: FDA Commissioner, Doctor Martin mckarey. Global News twenty four hours
Speaker 10: a day and whenever you want it with Bloomberg News Now.
Speaker 10: I'm Michael Barrn. This is Bloomberg Karen.
Speaker 3: Thanks Michael. Time now for our Bloomberg Sports update, and
Speaker 3: for that we bring in John stash Hour.
Speaker 2: Thanks Dren.
Speaker 12: The Seattle Mariners made it ten wins in a row.
Speaker 12: It was twelve to five at Kansas City is Dominic.
Speaker 12: Canzone hit three home runs and Cal Rowley hit two.
Speaker 12: He has fifty six home runs on the season. It's
Speaker 12: the most ever for a switch hitter, passing Mickey Mantle.
Speaker 12: The NFL says it's okay with Tom Brady, who is
Speaker 12: a partial owner of the Las Vegas Raiders, being in
Speaker 12: the coaching box during a game. Many pointed to a
Speaker 12: conflict of interest, and Brady is also an announcer for Fox.
Speaker 2: That's your Bloomberg Sports Update. Stay with us.
Speaker 3: More from Bloomberg day Break coming up after this.
Speaker 1: Coast to coast on Bloomberg Radio nationwide on Serious Exam
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 2: Good morning.
Speaker 4: I'm Nathan Hager, and they're pulling out all the stops
Speaker 4: of Windsor Castle for President Donald Trump's second state visit
Speaker 4: to the UK, getting a royal welcome from King Charles
Speaker 4: the Third. Looking to talk trade. As he told reporters
Speaker 4: before he left the White House, they want.
Speaker 11: To see if they can rebind a great deal a
Speaker 11: little bit.
Speaker 12: We've made a deal and it's a great deal, and.
Speaker 2: I'm into helping them. Our country is doing very well.
Speaker 4: That was President Trump ahead of his arrival in the
Speaker 4: UK and joining us this morning from Windsor Castle is
Speaker 4: Bloomberg's Lizzie Burden.
Speaker 2: Lizzie, thanks for being with us.
Speaker 4: Set the scene for us, because no one really sets
Speaker 4: a scene quite like the royals.
Speaker 2: Good morning, hey, Nathan.
Speaker 13: You're absolutely right. Pump and pageantry is what we do
Speaker 13: best here in the UK. And of course this is
Speaker 13: a second unprecedented second state visit for Donald Trump.
Speaker 14: You might remember his first one at Buckingham Palace.
Speaker 13: They're all sat round for a state banquet and everyone's
Speaker 13: in their finery. But only as they sat down did
Speaker 13: a tabloid newspaper break that he was critical of then
Speaker 13: Prime Minister Theresa May a deeply embarrassing interview in digestion
Speaker 13: for all. So there are lots of potential pitfulls again,
Speaker 13: this time maybe on Palestine, maybe on Jeffrey Epstein. We've
Speaker 13: just lost our UK ambassador to Washington over his links
Speaker 13: to Jeffrey Epstein. On the agenda today, see the President,
Speaker 13: the First Lady, Welcome to Windsor by the King and Queen.
Speaker 13: They'll have a carriage procession through the grounds of the
Speaker 13: estate with the Prince and Princess of Wales. Apparently the
Speaker 13: President's taken a shine to Prince William. He said he
Speaker 13: was very handsome when he met him in Paris last year,
Speaker 13: and so the Palace is keen to deploy him once again.
Speaker 14: Then they're going to have a private.
Speaker 13: Lunch, they're going to lay a wreath at the tomb
Speaker 13: of the late Queen Elizabeth, and then we're going to
Speaker 13: have a flypass of UK and US F thirty five
Speaker 13: jets along with the Red Arrows, so pulling out all
Speaker 13: the stops. The hope, of course, is that all of
Speaker 13: this soft power translates into hard cash for the UK.
Speaker 4: Yeah, in terms of potentially softening the President to maybe
Speaker 4: make some concessions when it comes to trade. You've got
Speaker 4: to think that for Prime Minister Cure Starmer, this trip
Speaker 4: is going to be crucial.
Speaker 14: It absolutely is, and it couldn't come at a worse
Speaker 14: time for the British Prime Minister.
Speaker 13: It has to be said, his party is floundering in
Speaker 13: the polls behind notably Donald Trump's friend Nigel Farrar is
Speaker 13: the leader of Reform UK. He has his colleagues talking
Speaker 13: about replacing him, but they just don't know who to
Speaker 13: replace him with. Just this morning we had the UK
Speaker 13: inflation numbers the highest again in a year and a half,
Speaker 13: on a week of a Bank of England decision. And
Speaker 13: really it's all coming to a head for kir Starmer
Speaker 13: because just this past two weeks he's lost three from
Speaker 13: his government, including as I say, Peter Mandelson, the UK
Speaker 13: ambassador to Washington, but also the Deputy Prime Minister, also
Speaker 13: his chief of strategy, and so it's going to give
Speaker 13: Donald Trump leverage over Starmer. He will be very aware
Speaker 13: of the weakness of the UK Prime Minister.
Speaker 14: Right now, just.
Speaker 4: Thirty seconds left, Lizzie. But we've heard about all the
Speaker 4: tech deals that have been made in the UK leading
Speaker 4: up to this.
Speaker 2: What more is the UK hoping to get.
Speaker 13: Yeh ten billion dollars of economic agreements expected in addition
Speaker 13: to that US UK trade deal already, perhaps we could
Speaker 13: get more on AARI. We've already had the likes of
Speaker 13: Google pledging money.
Speaker 14: They're billions of pounds.
Speaker 13: But look, when it comes to Steeal tariffs, it doesn't
Speaker 13: look like Starma is going to get any better than
Speaker 13: the twenty five percent already agreed, and it doesn't look
Speaker 13: like there's much more to come on Scotch Whiskey Tariffs either.
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Speaker 2: I'm Karen Moscow and I'm Nathan Hager.
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