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

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Speaker 1: at Baxter. Congress is racing toward a Friday deadline to

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Speaker 1: renew the FAA's authority, and it looks like it may

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Speaker 1: not make it. Let us go through this elapse, an

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Speaker 1: FAA authority could delay new technology upgrades, stall airport projects,

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Speaker 1: and complicate hiring. Now, senators agreed to a contentious component

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Speaker 1: to require automatic refunds for some passengers on canceled flights.

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Speaker 1: That is a step forward, but a lot of work

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Speaker 1: left to be done. And Senator Rafael Warnock, who is

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Speaker 1: on the Commerce Committee and an exclusive Bloomberg interview, says

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Speaker 1: he's focused to having the right people in the right job.

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Speaker 2: We have a shortage of pilots, aviation mechanics, other people

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Speaker 2: who work in the industry, and we are barely pulling

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Speaker 2: from all of our human talents. So I have provisions

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Speaker 2: in the bill that address that along with other things,

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Speaker 2: and I remain very hopeful that we'll get all of

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Speaker 2: this over the finish line before the deadline come Friday.

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Speaker 1: Now, as I said, probably not Friday, as Bloomberg's Jack

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Speaker 1: Fitzpatrick says. The House says it will extend to next.

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Speaker 3: Week, one week extension and leaving town, which is essentially

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Speaker 3: the House gamming the Senate and saying we're going to

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Speaker 3: take another week even if you send us this past

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Speaker 3: FA bill, if miraculously get it done soon will be gone.

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Speaker 1: The Senate most probably won't be ready until next week anyway.

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Speaker 1: The US has paused some arm shipments to Israel as

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Speaker 1: it becomes increasingly concerned about a RAFA invasion. Defense Secretary

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Speaker 1: Lloyd Austin in front of Congress, saying the pause effects

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Speaker 1: weapons that could cause the most collateral damage.

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Speaker 2: A small diameter bomb, which is a precision weapon that's

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Speaker 2: very useful in a dense built up environment, is helpful,

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Speaker 2: but maybe not so much a two thousand pound bomb

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Speaker 2: that could create a lot of collateral damage.

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Speaker 1: So he says a whole process is under review.

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Speaker 2: We are currently reviewing some near term security assistance shipments

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Speaker 2: in the context of unfolding events in RAFA.

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Speaker 1: Austin says the much no major conflict to take place,

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Speaker 1: and Republican Senator Lindsey Graham says the arms have to

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Speaker 1: go out, though if.

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Speaker 2: We stop weapons necessary to destroy the enemies of the

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Speaker 2: State of Israel at a time of great ferrel, we

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Speaker 2: will pay a price.

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Speaker 1: He says it could enable terrorists to make their way

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Speaker 1: into the US. Federal Reserve Bank of Boston President Susan

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Speaker 1: Collins says reaching the feds two percent inflation goal may

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Speaker 1: take longer. The story here from Bloomberg's Charlie Pellett.

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Speaker 4: Collins signaled rates will likely need to be held at

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Speaker 4: a two decade high for longer than previously thought to

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Speaker 4: damp demand and reduce price pressures. Collins, who noted the

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Speaker 4: lack of disinflationary progress made in twenty twenty four, said

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Speaker 4: slower economic growth will be necessary to make sure inflation

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Speaker 4: remains on a sustainable path to the fed's two percent goal.

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Speaker 4: She did not offer an estimate on when rate cuts

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Speaker 4: may happen. Her remarks came at an event at MIT

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Speaker 4: in New York. Charlie Pellet Bloomberg Radio, All Right, Charlie,

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Speaker 4: thank you.

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Speaker 1: Armholding shares slipped after the chip designer gave a lukewarm

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Speaker 1: revenue forecast for the fiscal year, raising concerns the tech industries.

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Speaker 1: Artificial intelligence spending spree is slowing, and Microsoft is out

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Speaker 1: with its annual work trend index. In twenty twenty four,

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Speaker 1: it's all about artificial intelligence. Microsoft Corporate vice president of

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Speaker 1: AI at Work Jared Sparto says AI has taken off

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Speaker 1: for knowledge of workers.

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Speaker 5: We found that seventy five percent or three out of

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Speaker 5: four knowledge workers around the globe are already using AI

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Speaker 5: at work, and that figure is doubled.

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Speaker 1: And says employers are looking for that.

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Speaker 5: Seventy one percent of leaders say that they'd rather hire

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Speaker 5: a less experienced candidate with AI skills over a more

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Speaker 5: experienced candidate without them, and a full sixty six percent

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Speaker 5: of leaders say that they just wouldn't hire someone without

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Speaker 5: AI skills.

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Speaker 1: So I guess all of us need to take note.

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Speaker 1: Warner Brothers Discovery chief executive officer David Zaslow has ordered

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Speaker 1: his lieutenants to find additional opportunities for cost cutting in

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Speaker 1: order to hit financial targets for the next couple of years.

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Speaker 1: They include the possibility of more layoffs at the company.

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Speaker 1: And that's news when you want it with Bloomberg News.

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Speaker 1: Now I'm at Baxter and this is Bloomberg News.