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

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Speaker 1: mean kleggy. Federal officials have opened an investigation into Jack Smith,

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Speaker 1: the former Special council who investigated then candidate Donald Trump

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Speaker 1: before his re election for alleged illegal political activity. The

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Speaker 1: Office of Special Counsel and Independent Federal Agency Saturday confirmed

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Speaker 1: the investigation after reporting by other news organizations. Smith was

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Speaker 1: named special counsel to investigate Trump by the Attorney General

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Speaker 1: Merrick Garland in November twenty twenty two. Trump and his

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Speaker 1: Republican allies, including Senator Tom Cotton, accused Smith of violating

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Speaker 1: the Hatch Act, a federal law that banned certain public

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Speaker 1: officials from engaging in political activity. Smith prosecuted two federal

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Speaker 1: cases against Republican candidate Trump and the lead up to

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Speaker 1: the November twenty twenty four presidential election. Smith ultimately dropped

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Speaker 1: the cases. Berkshire Hathaway is reporting a three point eight

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Speaker 1: percent drop in second quarter operating profit from a year

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Speaker 1: ago and blaming part of that on a decline in

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Speaker 1: underwriting earnings that its insurers formance was mixed. This according

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Speaker 1: to Bloomberg's Alex Roschbahan Dhari.

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Speaker 2: Operating earnings have decreased a little bit from last year.

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Speaker 2: This seems to be driven by lower underwriting earnings from

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Speaker 2: the insurance unit, and and lists I've been speaking with

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Speaker 2: before the earnings were mentioning that there was a pressure

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Speaker 2: on pricing across the sector, so that's not really surprising.

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Speaker 2: It seemed, however, that Geico, the unit that ensures individual

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Speaker 2: car owners, he's doing better and is spending more to

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Speaker 2: get more clients after losing some in recent years, So

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Speaker 2: this unit is a bright spot in the insurance unit.

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Speaker 1: Meantime, craft Hines is also weighing on results, with Warren

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Speaker 1: Buffett's conglomerate marking down the carrying value on its stake

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Speaker 1: by three point eight billion dollars to eight point four billion.

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Speaker 1: As for Berkshire's cash pile that fell slightly from previous

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Speaker 1: record highs. All PECK members have apparently agreed in principle

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Speaker 1: on another oil production increased, this one for September. We

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Speaker 1: get more from Bloomberg.

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Speaker 3: Denise Pellegrini, a delegate, tells US Saudi Arabia and its

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Speaker 3: partners planned to ratify the additional five hundred and forty

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Speaker 3: eight thousand barrels a day for next month. When they

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Speaker 3: hold a video conference tomorrow, and this increase would complete

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Speaker 3: the reversal of a two point two million barrel cutback

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Speaker 3: made by eight members of the group back in twenty

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Speaker 3: twenty three as OPAK plus moves to reclaim its share

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Speaker 3: of global crude markets, and it also accounts for an

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Speaker 3: extra allowance being phased in for the UAE. Analysts, though

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Speaker 3: are awarding the market phases a mounting crude surplus later

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Speaker 3: this year as supplies increase and slowing global growth ways

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Speaker 3: on demand. Denise Pellegriney Bloomberg Radio.

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Speaker 1: Steve Whitcoff, President Trump's special envoy told Israeli hostage family

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Speaker 1: Saturday that the United States has a plan to bring

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Speaker 1: home all the remaining captives held by Hamas and a

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Speaker 1: sweeping deal, and that an end of the war was near.

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Speaker 1: This according to a recording of the meeting published by

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Speaker 1: Israeli Channel twelve television. Whitcoff met the families in Tel

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Speaker 1: Aviv after attending an impromptu protest that was held in

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Speaker 1: Tel Aviv after Hamas released a video late Friday of

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Speaker 1: a twenty four year old hostage Evitar David, with David

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Speaker 1: describing a lack of food while in captivity in Gaza

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Speaker 1: and urging Prime Minister of Benjamin NETANYAHUO to end the war.

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Speaker 1: Israeli force has opened fire near two aid distribution sites

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Speaker 1: run by the Israeli back Gaza Humanitarian Foundation as crowds

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Speaker 1: of Palestinians against soft food, killing at least ten people.

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Speaker 1: This was a day after US officials visited a GHF

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Speaker 1: side and the US ambassador called the troubled system an

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Speaker 1: incredible feat. Smoke from Canadian wildfires hovered over several Midwestern

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Speaker 1: state Saturday, bringing warnings of unhealthy air for at least

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Speaker 1: the third day. Air quality alerts were in effect in Iowa, Minnesota, Wisconsin,

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Speaker 1: and Michigan, as well as eastern Nebraska and parts of

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Speaker 1: Indiana and Illinois. Forecasters said the smoky skies would remain

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Speaker 1: for much of the day. Doctor Justin Fiala is from

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Speaker 1: Northwestern Medicine.

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Speaker 4: What we would recommend to people ultimately is that they're

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Speaker 4: trying to limit the amount of time that they're outdoors,

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Speaker 4: or if they're going to be outdoors for longer periods

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Speaker 4: of time, consider things like in ninety five kN ninety

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Speaker 4: five masks which are made to filter out ninety five

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Speaker 4: percent of these really small particles.

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Speaker 1: Cheyenne, Wyoming, will host a massive AI data center that

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Speaker 1: uses more electricity than all the homes of the state

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Speaker 1: of Wyoming combined. Bloomberg Saine Mean Morris reports.

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Speaker 5: Chyenne mayor Patrick Collins calls it a game changer. The

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Speaker 5: center is a joint effort by Tall Grass and Crusoe.

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Speaker 5: It will start at one point eight gigawatts and could

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Speaker 5: expand to ten gigawats. Wyoming is a top energy producer

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Speaker 5: and exports most of its electricity. The center would have

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Speaker 5: dedicated energy produced by renewables and by burning natural gas.

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Speaker 5: Although OpenAI is searching for data center sites, a CRUSO

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Speaker 5: spokesperson declined to confirm if this project might be part

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Speaker 5: of the OpenAI stargate effort. Amy Morris Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News. Now

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Speaker 1: I made Kaleggi. This is Bloomberg