1 00:00:01,600 --> 00:00:04,520 Speaker 1: News when you want it with Bloomberg News Now. I'm 2 00:00:04,519 --> 00:00:12,520 Speaker 1: Brian Curtis in Hong Kong, cheering as fireworks light the 3 00:00:12,600 --> 00:00:17,880 Speaker 1: night sky outside Bolivia's presidential palace. Bolivian rebel soldiers dispersed 4 00:00:17,880 --> 00:00:21,960 Speaker 1: a failed coup attempt against the nation's socialist government. President 5 00:00:22,040 --> 00:00:25,960 Speaker 1: Luis arse thanks supporters Wednesday night from the balcony of 6 00:00:26,000 --> 00:00:29,040 Speaker 1: the building. It's the same building where an army unit 7 00:00:29,120 --> 00:00:31,280 Speaker 1: drove a tank into the side of the building just 8 00:00:31,360 --> 00:00:36,600 Speaker 1: hours prior. Bloomberg's Creighton Harrison reports economic troubles have driven 9 00:00:36,680 --> 00:00:38,720 Speaker 1: unrest in the South American country. 10 00:00:38,920 --> 00:00:41,600 Speaker 2: Fuel prices are rising and there's been some lack of 11 00:00:41,680 --> 00:00:44,560 Speaker 2: access to fuel. So you've seen it, especially from the 12 00:00:44,600 --> 00:00:47,800 Speaker 2: trucking industry in Bolivia that there have been some protests 13 00:00:47,840 --> 00:00:50,440 Speaker 2: on the roads. But this is also affecting every day, 14 00:00:50,560 --> 00:00:53,200 Speaker 2: every day Bolivia's as well, and so there's been some 15 00:00:53,440 --> 00:00:55,400 Speaker 2: degree of unrest over this. I mean, this is a 16 00:00:55,440 --> 00:00:58,120 Speaker 2: country that's having a lot of issues right now. We 17 00:00:58,200 --> 00:01:01,320 Speaker 2: also know their gold reserves, which they depend on very much. 18 00:01:01,320 --> 00:01:03,320 Speaker 2: Have I've been to. 19 00:01:03,520 --> 00:01:08,440 Speaker 1: Doing Bloomberg's Creighton Harrison reporting from Mexico City. Bolivia is 20 00:01:08,480 --> 00:01:12,280 Speaker 1: among the world's most politically turbulent nations, having had nearly 21 00:01:12,319 --> 00:01:15,600 Speaker 1: two hundred coups and revolutions since it won independence from 22 00:01:15,680 --> 00:01:20,520 Speaker 1: Spain some two centuries ago. Now, former General one Jose 23 00:01:20,680 --> 00:01:25,000 Speaker 1: Zuniga was arrested following the coup attempt. President Biden may 24 00:01:25,040 --> 00:01:28,560 Speaker 1: have scored at least one debate win even before it starts. 25 00:01:28,800 --> 00:01:31,399 Speaker 1: Bloomberg Nathan Hager has more from Washington. 26 00:01:31,560 --> 00:01:34,440 Speaker 3: The President has been casting his rematch with former President 27 00:01:34,480 --> 00:01:37,040 Speaker 3: Trump as a two man race, and that's what tomorrow 28 00:01:37,160 --> 00:01:40,080 Speaker 3: night's debate will be. Robert F. Kennedy Junior and other 29 00:01:40,160 --> 00:01:43,280 Speaker 3: third party candidates missed the cut. According to CNN, some 30 00:01:43,360 --> 00:01:45,800 Speaker 3: polls show Biden faring better against Trump and a head 31 00:01:45,840 --> 00:01:48,160 Speaker 3: to head match up than with third parties factored in. 32 00:01:48,560 --> 00:01:51,960 Speaker 3: For his part, Kennedy says he met CNN's debate criteria. 33 00:01:52,120 --> 00:01:55,400 Speaker 3: He's calling it an American undemocratic and cowardly to leave 34 00:01:55,480 --> 00:01:58,440 Speaker 3: him out. Kennedy plans to answer the same questions in 35 00:01:58,480 --> 00:02:02,320 Speaker 3: a live stream tomorrow night alongside the main event in Washington. 36 00:02:02,400 --> 00:02:04,160 Speaker 3: I'm Nathan Hager, Bloomberg Radio. 37 00:02:04,640 --> 00:02:07,680 Speaker 1: The return to the debate stage for President Joe Biden 38 00:02:07,720 --> 00:02:11,160 Speaker 1: and Donald Trump is marked by some new rules Bloomberg's 39 00:02:11,240 --> 00:02:13,080 Speaker 1: Ed Baxter has that part of the story. 40 00:02:13,520 --> 00:02:16,080 Speaker 4: The rules have been drafted by CNN and agreed to 41 00:02:16,200 --> 00:02:20,360 Speaker 4: by both campaigns. First, moderators Jake Tapper, Dana Bash and 42 00:02:20,520 --> 00:02:23,720 Speaker 4: their control room will have control of the mics, and 43 00:02:23,760 --> 00:02:26,120 Speaker 4: the mics will be muted unless it is the candidate's 44 00:02:26,120 --> 00:02:30,000 Speaker 4: turn to speak. Second, there will be no live studio 45 00:02:30,160 --> 00:02:33,600 Speaker 4: audience to react to what traditionally have been called moments 46 00:02:33,800 --> 00:02:37,040 Speaker 4: in the past debates. Biden won the coin flip, meaning 47 00:02:37,040 --> 00:02:39,359 Speaker 4: he will stand at the lectern to the speaker's right 48 00:02:39,880 --> 00:02:43,800 Speaker 4: and Trump will get the closing statement ninety minutes with 49 00:02:43,919 --> 00:02:47,560 Speaker 4: two commercial breaks. Ed Baxter, Bloomberg Radio. 50 00:02:47,639 --> 00:02:50,760 Speaker 1: After the bell, Micron Technology gave a sales forecast that 51 00:02:50,960 --> 00:02:55,200 Speaker 1: was below the most optimistic expectations. The optimism was fueled 52 00:02:55,200 --> 00:02:59,320 Speaker 1: by artificial intelligence reaction. Here from Pierre Farugu, head of 53 00:02:59,360 --> 00:03:01,720 Speaker 1: Technology Structure a New Street Research. 54 00:03:02,080 --> 00:03:05,040 Speaker 5: In memory, you don't make money because you're selling more 55 00:03:05,160 --> 00:03:07,680 Speaker 5: memoroid chips. You make money only if you sell more 56 00:03:07,720 --> 00:03:10,080 Speaker 5: memoroid chips and you can manufacture. And so we are 57 00:03:10,120 --> 00:03:13,280 Speaker 5: just coming out of a very down cycle in memory, 58 00:03:13,520 --> 00:03:16,640 Speaker 5: and we have AI coming up, like driving dhavior raised 59 00:03:16,680 --> 00:03:20,079 Speaker 5: from growth in demand for HBM chips, and so this 60 00:03:20,360 --> 00:03:24,239 Speaker 5: demand from AI needs first to seck out the over 61 00:03:24,360 --> 00:03:27,200 Speaker 5: capacity of existing fabs, and it takes time. 62 00:03:27,800 --> 00:03:31,080 Speaker 1: Micron is getting a boost from AI computing, but demand 63 00:03:31,160 --> 00:03:35,160 Speaker 1: is still sluggish in traditional markets. America's thirty one largest 64 00:03:35,200 --> 00:03:38,200 Speaker 1: banks have passed the feds annual stress test. More from 65 00:03:38,200 --> 00:03:39,560 Speaker 1: Bloomberg's Charlie Pellett. 66 00:03:39,840 --> 00:03:42,920 Speaker 6: It paves the way for higher shareholder payouts as the 67 00:03:42,960 --> 00:03:46,520 Speaker 6: industry awaits a water down version of a separate proposal 68 00:03:46,560 --> 00:03:50,080 Speaker 6: for stricter capital rules. The FED said each firm stayed 69 00:03:50,120 --> 00:03:54,760 Speaker 6: above its minimum capital requirements during a hypothetical recession. Altogether, 70 00:03:55,000 --> 00:03:57,600 Speaker 6: the group would take nearly six hundred and eighty five 71 00:03:57,720 --> 00:04:00,840 Speaker 6: billion dollars in losses, driving a lot larger drop in 72 00:04:00,920 --> 00:04:04,120 Speaker 6: capital than in last year's scenario, but quote within the 73 00:04:04,200 --> 00:04:07,800 Speaker 6: range of recent stress tests in New York, Charlie Pellett 74 00:04:07,800 --> 00:04:09,120 Speaker 6: Bloomberg Radio. 75 00:04:09,320 --> 00:04:12,760 Speaker 1: The Supreme Court has a handful of cases still undecided. 76 00:04:13,240 --> 00:04:16,200 Speaker 1: They include whether former President Donald Trump is immune from 77 00:04:16,279 --> 00:04:20,400 Speaker 1: criminal prosecution in the election interference case against him. We 78 00:04:20,480 --> 00:04:22,799 Speaker 1: get a preview from Bloomberg's Amy Morris. 79 00:04:23,480 --> 00:04:25,400 Speaker 7: We're waiting to hear from the High Court about some 80 00:04:25,480 --> 00:04:29,280 Speaker 7: major undecided cases. Donald Trump argues he has presidential immunity 81 00:04:29,279 --> 00:04:32,480 Speaker 7: from prosecution for acts taken in office. A former police 82 00:04:32,520 --> 00:04:35,800 Speaker 7: officer is challenging the obstruction charges brought against hundreds of 83 00:04:35,800 --> 00:04:38,120 Speaker 7: people who took part in the January sixth attack on 84 00:04:38,160 --> 00:04:41,039 Speaker 7: the Capitol, and the most significant Supreme Court case in 85 00:04:41,080 --> 00:04:44,200 Speaker 7: decades on homelessness centers on whether people can be banned 86 00:04:44,240 --> 00:04:47,400 Speaker 7: from sleeping outdoors when there's not enough shelter space. And 87 00:04:47,480 --> 00:04:50,719 Speaker 7: there are other cases pending, including on the opioid epidemic, 88 00:04:50,800 --> 00:04:54,080 Speaker 7: air pollution, and securities fraud. The Court releases its findings 89 00:04:54,080 --> 00:04:57,560 Speaker 7: at ten this morning. In Washington. Amy Morris Bloomberg Radio. 90 00:04:58,040 --> 00:05:00,760 Speaker 1: In Sporting News a closer look at the end draft. 91 00:05:01,080 --> 00:05:05,479 Speaker 1: The Atlanta Hawks selected Zachary Rischache with the first overall pick. 92 00:05:06,320 --> 00:05:08,840 Speaker 1: That's news when you want it with Bloomberg News Now. 93 00:05:09,080 --> 00:05:10,760 Speaker 1: I'm Brian Curtis. This is Bloomberg