Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: Doug Prisner. It is day two of the US government shutdown,
Speaker 1: and we are told President Trump is now threatening to
Speaker 1: slash thousands of federal jobs as the White House aims
Speaker 1: to pressure Democrats to end the shutdown. Trump, we are
Speaker 1: told to set to meet with OMB Director Russell Vote
Speaker 1: to look at targeted cuts. We also heard today from
Speaker 1: House Speaker Mike Johnson.
Speaker 2: Now, when he sits down as the director of OMB,
Speaker 2: he will obviously have a subjective determination on the priorities.
Speaker 2: And what do you think he would do, because what
Speaker 2: would any OMB director do under any president? They're going
Speaker 2: to look to see for the administration's priorities first and
Speaker 2: ensure that those are funded. And so those are some
Speaker 2: very serious determinations that had to be made. We want
Speaker 2: to protect hardworking federal workers, and these are people who
Speaker 2: protect all the rest of us.
Speaker 1: By the way, that was House Speaker Mike Johnson. Now,
Speaker 1: the Congressional Budget Office is estimating that about seven hundred
Speaker 1: and fifty employees will be furloughed during the shutdown, at
Speaker 1: a cost of four hundred million dollars a day in
Speaker 1: lost compensation. Meantime, Today, House Majority Leader John Thune said
Speaker 1: he is giving his Democratic colleagues another chance on Friday
Speaker 1: to and the shutdown.
Speaker 3: This president, I realized that my Democrat colleagues are facing
Speaker 3: pressure from members of their far left base, but they're
Speaker 3: playing a losing game here. A robust majority of American
Speaker 3: voters are against a government shutdown. Even some Democrat members
Speaker 3: are raising concerns.
Speaker 1: That is House Majority Leader John Thune. We go to
Speaker 1: the UK next. And a fatal attack on a synagogue
Speaker 1: in Manchester where worshippers were gathered for Young Kapor. British
Speaker 1: police killed a suspect after he drove a vehicle at
Speaker 1: people outside the synagogue and then attack them with a
Speaker 1: knife before being shot by officers. He's been identified as
Speaker 1: Jihad al Shami, a British citizen of Syrian descent. Now
Speaker 1: two people were killed and three others injured in this attack.
Speaker 1: Here is our Minister Kere Starmer.
Speaker 4: While this is not a new hete, this is something
Speaker 4: Jews have always lived with. We must be clear. It
Speaker 4: is a hatred that is rising once again and Britain
Speaker 4: must defeat it once again.
Speaker 1: That was UK Prime Minister Keir Starmer. Authorities in Britain
Speaker 1: are treating the attack as a terrorist incident. Police have
Speaker 1: arrested three people on suspicion of the commission Preparation and
Speaker 1: Instigation of acts of terrorism. The Food and Drug Administration
Speaker 1: has approved a new generic version of the abortion pilled
Speaker 1: Mifa pristone. The drug will be made available by Evita Solutions.
Speaker 1: This approval is part of an ongoing fight over access
Speaker 1: to Mifa pristone. Opponents say the FDA expanded access in
Speaker 1: ways that violate restrictions on abortions and in danger patients.
Speaker 1: We move to Business News next. Open Ai has completed
Speaker 1: a deal to help its employees sell shares in the
Speaker 1: company at a five hundred billion dollar value. We are
Speaker 1: told current and former open ai employees sold about six
Speaker 1: point six billion dollars of stock to investors. Here is
Speaker 1: Bloomberg's ed Ludlow.
Speaker 5: It's a secondary or an employee tender. In other words,
Speaker 5: if you are a existing employee or even a former employee,
Speaker 5: you can sell your shares in open Ai. The eligibility
Speaker 5: requirements were that you held them or that you had
Speaker 5: a vesting period of two years. But the reason I
Speaker 5: say that's interesting is that this is a valuation dictated
Speaker 5: by a third party group of investors buying those shares
Speaker 5: from employees, so the company doesn't raise any new money,
Speaker 5: but there has to be a valuation set because a
Speaker 5: price has to be set.
Speaker 1: That is Bloomberg's ed Ludlow. Now the investors include Thrive Capital,
Speaker 1: SoftBank Group, Dragonear Investment Group, as well as Abu Dhabi's
Speaker 1: MGX and t row Price. Tesla reported record third quarter
Speaker 1: vehicle deliveries. US consumers accelerated their purchases of evs before
Speaker 1: the end of federal tax credits on September thirtieth. However,
Speaker 1: Tesla shares were down today by five percent as the
Speaker 1: market focused on challenges ahead. Here is Stephanie Valdez, Treaty,
Speaker 1: Research and Development director for Cox Automotive Mobility.
Speaker 6: We knew Q three was going to be a record quarter,
Speaker 6: right driven by policy. Right, everyone created a sense of urgency,
Speaker 6: whether it was dealers, OEMs, and so consumers reacted. So
Speaker 6: we're probably going to reach about four hundred and ten thousand,
Speaker 6: probably ten percent market share in the US market, and
Speaker 6: Tesla has definitely taken advantage of that, but once again
Speaker 6: that was policy driven. Moving into Q four, we're going
Speaker 6: to see a slowdown. However, I've already seen some of
Speaker 6: the manufacturers are going to continue a seventy five hundred
Speaker 6: dollars credit going into Q four on leasing.
Speaker 1: That is Stephanie Valdez Stread, Research and Development director for
Speaker 1: Cox Automotive Mobility. In sports, the MLB Wildcard has wrapped
Speaker 1: up and now the New York Yankees, the Chicago Cubs,
Speaker 1: and the Detroit Tigers will advance to the Divisional Series.
Speaker 1: That news when you want it with Bloomberg News. Now,
Speaker 1: I'm Doug Prisner and this is Bloomberg
Speaker 3: M