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Speaker 1: News when you wanted with Bloomberg News Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. PBOC Governor Pangong Hung in China

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Speaker 1: has announced a number of policies to add stimulus to

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Speaker 1: the economy. The policies include cutting banks reserve ratio requirements

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Speaker 1: by half a percentage point, cutting the seven day reverse

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Speaker 1: repurchase rate by twenty basis points to one point five percent,

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Speaker 1: and also cutting the outstanding mortgage rate. Authorities are also

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Speaker 1: looking at setting up a stock stabilization fund. More from

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Speaker 1: Bloomberg's Katya Dimitrieva.

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Speaker 2: It would have been a very big kind of Bazooka style,

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Speaker 2: which is the term we use for this. For China's

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Speaker 2: a fiscal stimulus at this size would have had a

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Speaker 2: bigger impact if you had announced it a year, year

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Speaker 2: and a half go. Now not so sure, not sure

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Speaker 2: essentially if this is enough, and we're already seeing some

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Speaker 2: economists saying that.

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Speaker 1: In other news, China has succeeded in getting the World

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Speaker 1: Trade Organization to review subsidies in the US Inflation Reduction Act.

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Speaker 1: Bloomberg's Min Min Loo has more from Hong Kong.

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Speaker 3: The WTO agreed to set up a committee after the

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Speaker 3: US had blocked China's first attempt back in July. The

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Speaker 3: panel will rule on whether certain text credits under the

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Speaker 3: IRA are compatible with international trade rules. The IRA is

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Speaker 3: a cornerstone of President Biden's environmental and industrial policy. The

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Speaker 3: US has justified its course of action, seeing it's necessary

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Speaker 3: in order to fight climate change. A trade official in

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Speaker 3: Geneva says China argues that it is simply a guise

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Speaker 3: for protectionism. The US responded by saying Beijing is trying

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Speaker 3: to distract from its own practices of harming fair competition

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Speaker 3: in Hong Kong. I'm mimin low Bloomberg Radio.

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Speaker 1: The US Federal Trade Commission is expected to green light

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Speaker 1: Chevron's fifty three billion dollars deal to buy Hess. Reuter

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Speaker 1: says Chevron would still need to win an arbitration case

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Speaker 1: that was filed by Exxon Mobile in order to close

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Speaker 1: the deal. Hess's biggest asset is a stake a huge

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Speaker 1: oil field off Guyana controlled by Exxon, and Exon claims

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Speaker 1: it has a right of first refusal to buy it.

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Speaker 1: Chevron's hast takeover would be one of the biggest oil

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Speaker 1: deals in recent years, and it would come after Exon's

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Speaker 1: sixty billion dollar purchase of Pioneer Natural Resources back in

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Speaker 1: may Well, Boeing is offering its largest union a thirty

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Speaker 1: percent wage hike as it hopes to break a stalemate

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Speaker 1: that has shut down manufacturing across the Northwest. We get

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Speaker 1: more from Bloomberg's Charlie Pellett.

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Speaker 4: The revised contract includes reinstating a controversial annual bonus that

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Speaker 4: was dropped from an earlier offer that was resoundingly defeated

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Speaker 4: by members of the International Association of Machinists, an aerospace

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Speaker 4: workers union, on September twelfth, triggering the planemaker's first major

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Speaker 4: strike since two thousand and eight. Boeing has also doubled

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Speaker 4: the bonus that workers will get if the latest deal

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Speaker 4: is passed, to six thousand dollars. Boeing says the revised

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Speaker 4: offer is contingent on ratification by the end of the day.

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Speaker 4: On September twenty seventh, in New York, Charlie Pellett Bloomberg Radio.

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Speaker 1: Israel launched airstrikes on Hesbelot targets across southern Lebanon. According

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Speaker 1: to Lebanese health officials, around five hundred people were killed

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Speaker 1: in the attacks. It marks an escalation between the two sides,

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Speaker 1: and it's stoking international concern about the eruption of a

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Speaker 1: full on war. Bloomberg's Dan Flatley says this conflict has

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Speaker 1: no end in sight.

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Speaker 5: Whether this would escalate into an all out war, I

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Speaker 5: don't think we've seen indications of that yet, but it

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Speaker 5: certainly means that things are going to continue to be

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Speaker 5: volatile in this region for a long time to come.

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Speaker 1: Bloomberg's Dan Flatly speaking. The battle between Kamala Harris and

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Speaker 1: Donald Trump over the economy is set to intensify. The

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Speaker 1: rival presidential candidates are planning dueling addresses this week on

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Speaker 1: one of the campaign's defining issues. Harris said that she'll

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Speaker 1: deliver a speech to outline her vision for the economy.

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Speaker 1: We get more from Bloomberg's Dereck Wallbank.

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Speaker 6: Now, it's going to be interesting to see how this goes, right,

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Speaker 6: because Harris is making these pitches this week and we're

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Speaker 6: only a little more than a month away from election day. Usually,

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Speaker 6: in most races, the views of the economy have hardened

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Speaker 6: for the electorate by this point. But this is a

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Speaker 6: little bit of an unusual year, right. The election has

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Speaker 6: been compressed in terms of a Harris versus Trump election,

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Speaker 6: so she hasn't had as much time to sort of

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Speaker 6: make her case. We'll see how she makes it here.

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Speaker 6: Donald Trump will also lay out some economic goals this

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Speaker 6: week as well, so I do expect that they're both

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Speaker 6: going to try and focus on the economy this week.

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Speaker 1: Bloomberg's Derek Wallbank. Trump is set to offer remarks later

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Speaker 1: in swing state Georgia is on a plan to lower

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Speaker 1: taxes for US business owners. Well. A crowd strike operations

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Speaker 1: manager is headed to Capitol Hill to explain the massive

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Speaker 1: outage over the summer that was triggered by a faulty

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Speaker 1: software update. Bloomberg's Amy Morris reports from Washington.

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Speaker 5: We're deeply sorry for the impact that we've caused to customers,

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Speaker 5: to travelers, to anyone affected.

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Speaker 7: By this CrowdStrike CEO George Kurtz apologizing last July for

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Speaker 7: the disastrous security update that affected eight and a half

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Speaker 7: million Windows computers around the world, including airlines like Delta,

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Speaker 7: which suffered more than six thousand flight cancelations and was

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Speaker 7: seeking damages. Now, the House Committee on Homeland Security wants

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Speaker 7: to know exactly what happened crowdstrikes. Senior Vice President of

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Speaker 7: Operations Adam Myers is set to testify today, and while

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Speaker 7: the committee did invite CEO George Kurtz, it's not clear

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Speaker 7: why he won't be there in Washington. Amy Morris, Bloomberg Radio.

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Speaker 1: That's News when you wanted with Bloomberg News. Now, I'm

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Speaker 1: Brian Curtis. This is Bloomberg