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Speaker 1: News when you wanted with Bloomberg News Now, I met Kalengi,

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Speaker 1: Royal Bank of Canada's former chief financial officers, suing for

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Speaker 1: wrongful dismissal, arguing the bank made a devastating error when

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Speaker 1: it fired her over a personal relationship with a coworker

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Speaker 1: and denying that the two were romantic partners. Nadine An

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Speaker 1: filed the legal action in the Ontario Superior Court of Justice,

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Speaker 1: saying she suffered palpable reputational harm and public humiliation when

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Speaker 1: the bank sactor in April. She's asking for nearly thirty

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Speaker 1: six million dollars in payan damages. RBC set on April

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Speaker 1: fifth and had terminated on for violating its code of

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Speaker 1: conduct because she had been involved in an undisclosed close

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Speaker 1: personal relationship with another employee, which led to preferential treatments

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Speaker 1: of the employee, including promotion and compensation increases. Former Twitter

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Speaker 1: chairman Ohmid Cordestani sued the social media company, claiming that

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Speaker 1: billionaire owner Elon musk Is refusing to cash out more

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Speaker 1: than twenty million dollars worth of shares he is owed.

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Speaker 1: Kordistani served as the company's executive chairman from twenty fifteen

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Speaker 1: to twenty twenty, and stayed on the board for two

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Speaker 1: more years until Musk bought the platform for forty four

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Speaker 1: billion dollars. He said in the complaint that the bulk

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Speaker 1: of his compensation was stuck, which he says Musk is

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Speaker 1: refusing to pay out. Lawyers for the former chairman claim

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Speaker 1: that X Corporation, as Musk renamed the company, is seeking

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Speaker 1: to reap the benefits of mister Kordistani's seven years of

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Speaker 1: service to Twitter without paying him for it. Former Treasury

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Speaker 1: Secretary Lawrence Summers urged the Securities and Exchange Commission and

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Speaker 1: relevant exchanges to look into the historic surge in the

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Speaker 1: most watched gage of US financial volatility on Monday.

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Speaker 2: As I have looked into it, I think you were

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Speaker 2: learning more about issues around liquidity in the options markets

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Speaker 2: than you were about some profound reassessment of the American economy.

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Speaker 2: And since that is so widely watched an indicator issues

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Speaker 2: of liquidity, issues around how it settles, I think should

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Speaker 2: be studied by the relevant parties in the industry and

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Speaker 2: the regulator of the sec.

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Speaker 1: Former Treasury Secretary Lawrence Summers, a top federal Reserve official,

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Speaker 1: sends the US Central Bank could begin cutting interest rates soon,

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Speaker 1: Bloomberg's Vinnie Del Judaice reports.

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Speaker 3: Boston Fed President Susan Collins says it all depends on

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Speaker 3: the data, which is signaled. US inflation is on a

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Speaker 3: downward path amid a strong labor market. She sees the

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Speaker 3: trend continuing. Colin says she anticipates lower interest rates over

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Speaker 3: the next few years, though she declined to be more precise.

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Speaker 3: She spoke at an interview at Rhode Island's Providence Journal

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Speaker 3: separately at Bloomberg survey of economists as pointing at FED

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Speaker 3: easing at next month's policy meeting, a quarter point rate cut.

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Speaker 3: Vinnie del Judaice Bloomberg Radio.

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Speaker 1: Well, there's word of job cuts in the auto industry.

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Speaker 1: The Lantis plans to eliminate as many as twenty four

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Speaker 1: hundred and fifty hourly positions in Michigan. We get more

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Speaker 1: on that from Bloomberg's Denise Pellegrini.

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Speaker 4: The owner of the Jeep and ram Brands is making

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Speaker 4: the cuts at a pickup truck factory near Detroit, and

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Speaker 4: the move comes after its decision to end output later

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Speaker 4: this year of its Round fifteen hundred classic truck model

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Speaker 4: at the plant and moving from two shifts to one.

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Speaker 4: The Warren, Michigan plant also makes the jep Wagoneer and

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Speaker 4: Grand Wagoneer. It employs thirty seven hundred United Auto Workers'

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Speaker 4: Union members. The layoffs could begin as soon as October eighth,

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Speaker 4: union members being given the opportunity to work at other plants.

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Speaker 4: Denise Pelgritty, Bloomberg Radio.

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Speaker 1: Taiwan Semiconductor Manufacturing's revenue rows forty five percent in July,

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Speaker 1: accelerating its pace of growth from the June quarter and

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Speaker 1: bolstering hopes for sustained strong demand for artificial intelligence chips

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Speaker 1: from the likes of Nvidia. We get more with Mandeep

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Speaker 1: Sing of Bloomberg Intelligence.

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Speaker 5: I mean, it's a nice sequential acceleration from their second

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Speaker 5: quarter earning. So remember they give us monthly data and

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Speaker 5: you know, forty five percent growth when they guide it

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Speaker 5: to load to mid twenty percent growth for the full year,

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Speaker 5: it just goes to show that, you know, the lead

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Speaker 5: times probably are increasing, and that's good for someone like

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Speaker 5: TSMC because they are the only ones when it comes

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Speaker 5: to leading note chip manufacturing.

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Speaker 1: Man Deep Sing of Bloomberg Intelligence, Taiwan's biggest company, is

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Speaker 1: one of the key bellweathers for AI demand. And that's

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

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Speaker 1: made Kalengi and this is Bloomberg