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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. Frontier Airlines is reportedly exploring a revived bid

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Speaker 1: for Spirit Airlines. Wall Street Journal reports these budget carriers

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Speaker 1: recently held talks, though discussions are at an early stage

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Speaker 1: and may not lead to a deal. If an agreement

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Speaker 1: is reached, it would likely happen as part of Spirit's

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Speaker 1: restructuring of its debt and other liabilities in bankruptcy. McDonald's

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Speaker 1: quarter pounders are being linked to an E. Coli outbreak

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Speaker 1: in the Mountain West States. The Center for Disease Control

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Speaker 1: says forty nine people from ten states have been sickened

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Speaker 1: from the strain. Ten have been hospitalized, including a child,

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Speaker 1: and one older person in Colorado has died. Starbucks has

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Speaker 1: suspended guidance for fiscal twenty twenty five, this after the

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Speaker 1: company reported same store's sales fell seven percent in the

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Speaker 1: latest quarter. Here is Starbucks CEO Brian Nickel. Through product development,

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Speaker 1: marketing and in store experience, we need to remind everyone

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Speaker 1: one that we are and always have been, Starbucks Coffee Company.

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Speaker 1: Brian Nickel there, the CEO of Starbucks. The stock was

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Speaker 1: down as much as five percent in late US trading.

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Speaker 1: This week, the CEO of Qualcomm, Christiano Aman, unveiled a

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Speaker 1: new version of the company's Snapdragon microprocessor. He said new

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Speaker 1: phones that handle artificial intelligence on the device itself will

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Speaker 1: be common within a few years. Arman told Bloomberg TV

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Speaker 1: that over the next five years, we are probably going

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Speaker 1: to have all of us an AI smartphone.

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Speaker 2: Within the next five years, we're probably going to have

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Speaker 2: all of us with an AI smartphone. The problem is

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Speaker 2: you have to wait for the new use cases to

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Speaker 2: come up. It remind me of the transition from feature

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Speaker 2: phones to smartphones. In the beginning, we talk about apps.

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Speaker 2: So we have ten apps and became hundreds of apps,

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Speaker 2: then thousands of apps, and we started to see that

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Speaker 2: happening right now.

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Speaker 1: Qualcom CEO Christiano Aman speaking there, shares in Qualcom today

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Speaker 1: we're up nearly two and a half percent. Separately, today

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Speaker 1: the British chip designer ARM Holdings canceled a license granted

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Speaker 1: to longtime partner Qualcom. It had allowed Qualcom to use

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Speaker 1: arm intellectual property to design chips. Now this move escalates

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Speaker 1: a legal dispute between these two firms over vital smartphone technology.

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Speaker 1: We go to Tesla next after the bell tomorrow, the

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Speaker 1: company is set to report third quarter results. We have

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Speaker 1: a preview now from Bloomberg's Charlie Pellett.

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Speaker 3: Investors will be focused on the electric vehicle maker's autonomous

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Speaker 3: gross margins and forward looking guidance. CEO Elon Musk made

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Speaker 3: a big bet on autonomous vehicles and unveiled the company's

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Speaker 3: dedicated Robotaxi on October tenth, but the event was light

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Speaker 3: on details. The Austin based company sold one point eight

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Speaker 3: million cars globally in twenty twenty three, while sales perked

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Speaker 3: up in the third quarter thanks to strong deliveries in China.

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Speaker 3: Tesla is facing its first potential year over year decline

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Speaker 3: in New York. Charlie Pellett's Bloomberg Rade.

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Speaker 1: Bank of America CEO Brian moynihan is urging the FED

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Speaker 1: to be measured as it goes about cutting interest rates.

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Speaker 1: Moynihana is in Sydney, where he spoke exclusively to Bloomberg

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Speaker 1: during his first trip to Australia, where Bank of America

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Speaker 1: is marking sixty years of business. So we've got to

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Speaker 1: get back in line, and so they're on that path.

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Speaker 3: They're relate to the game they've got to make sure

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Speaker 3: they don't go too hard now, and that's what they

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Speaker 3: are all trying to figure out watching the data.

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Speaker 1: That's Brian moynihan, CEO of Bank of America. The International

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Speaker 1: Monetary Fund is boosting its growth forecast for the US

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Speaker 1: next year. However, the IMF cut its estimate for the

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Speaker 1: rest of the world by a tenth of one percent.

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Speaker 1: That growth rate now forecasts to be three point two percent.

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Speaker 1: At the same time, the Fund is forecasting inflation globally

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Speaker 1: will slow to a rate of four point three percent

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Speaker 1: next year. That would be down from five point eight

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Speaker 1: percent in twenty twenty four, and the Fund gave credit

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Speaker 1: to the central banks of the world for taming inflation

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Speaker 1: without sending nation into recession. Here is ECB President Christine Laguard.

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Speaker 4: It looks very much that inflation is on the right

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Speaker 4: track of D's inflation. You know, we come from very

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Speaker 4: high numbers, as high on average for the whole of

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Speaker 4: the EUR area as ten point six percent, and the

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Speaker 4: latest reading we had for the inflation in September was

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Speaker 4: one point seven.

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Speaker 1: Christine Laguard there, the head of the ECB, speaking earlier

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Speaker 1: to Bloomberg in Washington, where the annual meetings of the

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Speaker 1: World Bank and the IMF are underway. That is news

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Speaker 1: when you want it, with Bloomberg News Now, I'm Doug Prisner,

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Speaker 1: and this is Bloomberg