1
00:00:01,000 --> 00:00:03,920
Speaker 1: News when you want it with Bloomberg News Now. I'm

2
00:00:03,920 --> 00:00:08,440
Speaker 1: Brian Curtis. In Hong Kong, Germany is joining Spain in

3
00:00:08,560 --> 00:00:11,720
Speaker 1: calling for the EU to drop a plan to impose

4
00:00:11,800 --> 00:00:15,960
Speaker 1: higher tariffs on Chinese electric vehicles. Bloomberg Yvon Man has

5
00:00:16,000 --> 00:00:17,079
Speaker 1: more from Hong Kong.

6
00:00:17,360 --> 00:00:20,880
Speaker 2: Spain's Prime Minister Pedro Sanchez was the first to call

7
00:00:20,960 --> 00:00:24,280
Speaker 2: for a rethink to the measures. A German government spokesman

8
00:00:24,400 --> 00:00:27,800
Speaker 2: welcomed the Spanish move that echoes an earlier call by

9
00:00:27,880 --> 00:00:31,080
Speaker 2: German Chancellor o Off Schultz and a number of European

10
00:00:31,160 --> 00:00:34,879
Speaker 2: leaders have visited President Chijingping since the EU announced that

11
00:00:34,920 --> 00:00:38,760
Speaker 2: it would hit Chinese evs with duties of nearly fifty percent.

12
00:00:39,320 --> 00:00:41,840
Speaker 2: EU countries are due to give a final nod next

13
00:00:41,880 --> 00:00:44,839
Speaker 2: month on whether to move forward with the tariffs. If

14
00:00:44,880 --> 00:00:47,839
Speaker 2: fifteen member states vote against the new duties, then the

15
00:00:47,880 --> 00:00:51,600
Speaker 2: European Commission would be forced to shelve the measure. In

16
00:00:51,680 --> 00:00:53,040
Speaker 2: Hong Kong, I'm Yvon Mann.

17
00:00:53,120 --> 00:00:57,480
Speaker 1: Bloomberg Radio sources tell Bloomberg Open Ai is in talks

18
00:00:57,480 --> 00:01:00,440
Speaker 1: to raise six point five billion dollars from in ess

19
00:01:00,840 --> 00:01:04,080
Speaker 1: that's had a valuation of one hundred and fifty billion dollars.

20
00:01:04,360 --> 00:01:06,480
Speaker 1: The story from Bloomberg's Charlie Pellett.

21
00:01:06,560 --> 00:01:09,360
Speaker 3: The new valuation, a number that does not include the

22
00:01:09,400 --> 00:01:12,680
Speaker 3: money being raised, is significantly higher than the eighty six

23
00:01:12,800 --> 00:01:16,360
Speaker 3: billion dollar valuation from the company's tend to offer earlier

24
00:01:16,400 --> 00:01:19,080
Speaker 3: this year, and cements its place as one of the

25
00:01:19,120 --> 00:01:22,759
Speaker 3: most valuable startups in the world. At the same time,

26
00:01:22,840 --> 00:01:25,400
Speaker 3: one of the sources says OpenAI is also in talks

27
00:01:25,440 --> 00:01:28,440
Speaker 3: to raise five billion in debt from banks in the

28
00:01:28,480 --> 00:01:32,240
Speaker 3: form of a revolving credit facility. The sources note that

29
00:01:32,280 --> 00:01:35,640
Speaker 3: the discussions are still ongoing and the numbers could change.

30
00:01:35,760 --> 00:01:38,520
Speaker 3: In New York Charlie Pellette Bloomberg Radio.

31
00:01:38,920 --> 00:01:42,080
Speaker 1: The United States and Britain have pledged nearly one point

32
00:01:42,120 --> 00:01:45,880
Speaker 1: five billion dollars in additional aid to Ukraine. The pledge

33
00:01:45,959 --> 00:01:48,760
Speaker 1: was made during a visit to Kiev by top diplomats.

34
00:01:49,200 --> 00:01:53,520
Speaker 1: Ukrainian officials renewed their pleas to use Western missiles against

35
00:01:53,520 --> 00:01:57,720
Speaker 1: targets deeper in Russia. Secretary of State Anthony Blincoln says

36
00:01:58,040 --> 00:02:01,000
Speaker 1: Russia is looking to take action to escalate.

37
00:02:01,080 --> 00:02:04,760
Speaker 4: We've now seen this action of Russia acquiring ballistic missiles

38
00:02:04,760 --> 00:02:08,160
Speaker 4: from Iran, which will further empower their aggression in Ukraine,

39
00:02:09,160 --> 00:02:13,680
Speaker 4: so if anyone is taking esclatory action, it would appear

40
00:02:13,760 --> 00:02:16,960
Speaker 4: to be mister Putin in Russia.

41
00:02:17,440 --> 00:02:21,080
Speaker 1: Secretary of State Anthony Blincoln, Well President Joe Biden, and

42
00:02:21,120 --> 00:02:24,160
Speaker 1: Prime Minister Kris Starmer of the UK are expected to

43
00:02:24,160 --> 00:02:27,799
Speaker 1: discuss the topic on Friday. They will meet in Washington.

44
00:02:28,919 --> 00:02:31,120
Speaker 1: The House has not voted yet and ability to keep

45
00:02:31,160 --> 00:02:33,680
Speaker 1: the government fully funded beyond the end of this month.

46
00:02:33,960 --> 00:02:36,720
Speaker 1: Bloomberg's Tracy Junkie has more from Washington.

47
00:02:36,919 --> 00:02:40,200
Speaker 5: The House's Republican majority delayed a planned vote on a

48
00:02:40,240 --> 00:02:43,680
Speaker 5: six month stopgap funding measure when it became clear the

49
00:02:43,680 --> 00:02:47,480
Speaker 5: bill doesn't have the votes. One issue, Speaker Mike Johnson's

50
00:02:47,480 --> 00:02:51,040
Speaker 5: proposal pairs the spending bill with a GOP measure that

51
00:02:51,120 --> 00:02:55,040
Speaker 5: would require proof of citizenship from voters, and has met

52
00:02:55,120 --> 00:02:59,440
Speaker 5: opposition even from some Republicans. Congress needs to pass a

53
00:02:59,480 --> 00:03:03,280
Speaker 5: stopgap spending bill before October first to avoid a partial

54
00:03:03,360 --> 00:03:07,520
Speaker 5: government shut down just weeks before the election. In Washington,

55
00:03:07,560 --> 00:03:09,440
Speaker 5: I'm Tracy Johnkey Bloomberg Radio.

56
00:03:10,240 --> 00:03:14,320
Speaker 1: Meantime, remembrances are taking place all across the country, marking

57
00:03:14,440 --> 00:03:19,200
Speaker 1: twenty three years since the September eleventh attacks. Cantor Fitzgerald

58
00:03:19,320 --> 00:03:24,280
Speaker 1: CEO Howard Lutnik joined Bloomberg Television and Radio to remember coworkers,

59
00:03:24,600 --> 00:03:26,760
Speaker 1: some six hundred and fifty seven of them lost their

60
00:03:26,760 --> 00:03:30,799
Speaker 1: lives when terrorists attacked the World Trade Center. Lutnick said

61
00:03:30,840 --> 00:03:33,400
Speaker 1: the families who lost to someone during the attack are

62
00:03:33,520 --> 00:03:36,160
Speaker 1: still part of the Cantor Fitzgerald family. Today.

63
00:03:36,360 --> 00:03:38,760
Speaker 6: We have a job offer out to all of the

64
00:03:38,840 --> 00:03:42,080
Speaker 6: children of the people we lost. So just this week,

65
00:03:42,160 --> 00:03:45,680
Speaker 6: we have a young lady joining us who worked for

66
00:03:45,920 --> 00:03:49,200
Speaker 6: you know, who was born you know, basically her mother

67
00:03:49,280 --> 00:03:51,280
Speaker 6: was pregnant right at nine to eleven and now she's

68
00:03:51,360 --> 00:03:54,320
Speaker 6: graduate in college and she's joining us. So we have

69
00:03:54,360 --> 00:03:56,960
Speaker 6: about thirty six children who work for us.

70
00:03:56,960 --> 00:03:57,240
Speaker 2: Now.

71
00:03:57,640 --> 00:04:01,240
Speaker 1: That was Cantor Fitzgerald CEO Howard Lee. The spike in

72
00:04:01,400 --> 00:04:05,480
Speaker 1: US inflation eased further last month. Year over year price

73
00:04:05,560 --> 00:04:08,760
Speaker 1: increases reached a three year low. That clears the way

74
00:04:08,800 --> 00:04:12,160
Speaker 1: for the FED to cut interest rates next week. Reaction

75
00:04:12,240 --> 00:04:15,520
Speaker 1: here from David Kelly, chief global strategist at JPM Morgan.

76
00:04:15,840 --> 00:04:18,560
Speaker 1: He's locking in his bed for a twenty five basis

77
00:04:18,600 --> 00:04:19,200
Speaker 1: point cut.

78
00:04:19,240 --> 00:04:22,400
Speaker 7: The FED must be aware that if they go aggressive here,

79
00:04:22,760 --> 00:04:25,440
Speaker 7: they're in danger of undermining consumer confidence. And honestly, the

80
00:04:25,480 --> 00:04:27,680
Speaker 7: economy is doing exactly what they wanted to do. It

81
00:04:27,760 --> 00:04:30,920
Speaker 7: is settling into a software expansion of slower expansion. That's

82
00:04:30,920 --> 00:04:33,760
Speaker 7: what they want, so they only have to gradually return

83
00:04:33,800 --> 00:04:35,159
Speaker 7: to normal and interest rates.

84
00:04:35,240 --> 00:04:39,360
Speaker 1: Bloomberg's David Kelly consumer prices rose two point five percent

85
00:04:39,440 --> 00:04:42,880
Speaker 1: in August from a year earlier. That's news when you

86
00:04:42,920 --> 00:04:46,240
Speaker 1: want it with Bloomberg News Now. I'm Brion Curtis. This

87
00:04:46,520 --> 00:04:47,120
Speaker 1: is Bloomberg