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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Chrisner.

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Speaker 1: Conservative activist Charlie Kirk is dead after being shot while

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Speaker 1: speaking at an outdoor event earlier today at Utah Valley University.

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Speaker 1: Kirk was the executive director of Turning Point USA. Here

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Speaker 1: is President Trump speaking in a video message earlier on

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Speaker 1: Truth Social.

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Speaker 2: Charlie was also a man of deep, deep faith, and

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Speaker 2: we take comfort in the knowledge that he is now

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Speaker 2: at peace with God in heaven. Our prayers are with

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Speaker 2: his wife, Erica, the two young beloved children, and his

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Speaker 2: entire family who he loved more than anything in the world.

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Speaker 2: We ask God to watch over them in this terrible

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Speaker 2: hour of heartache and pain.

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Speaker 1: That was President Trump speaking there. The President has ordered

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Speaker 1: American flags to be lowered to half staff until Sunday evening.

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Speaker 1: Charlie Kirk was thirty one years old. Meantime, the search

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Speaker 1: is underway for Kirk's killer. The FBI says a person

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Speaker 1: of interest in the killing has been released after being

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Speaker 1: interrogated by law enforcement tonight. In a post on x,

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Speaker 1: FBI director Cash Bettel said the investigation will continue and

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Speaker 1: the FBI will continue to release information in the interest

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Speaker 1: of transparency.

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Speaker 3: We go to.

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Speaker 1: Mexico next, where the government will raise tariffs on Chinese

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Speaker 1: vehicles and other goods to fifty percent. This increase will

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Speaker 1: target unfair pricing and it's part of a broader push

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Speaker 1: to protect Mexican industries. Mexico's Economy minister said the new

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Speaker 1: measures will apply to countries without trade agreements with Mexico.

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Speaker 1: That would include India and Turkey. Here is Bloomberg's Maya Averbuck.

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Speaker 4: This tariff is going to apply to all of those

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Speaker 4: countries with which Mexico doesn't have a trade agreement, right,

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Speaker 4: so that excludes the US, it excludes Canada, but it

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Speaker 4: also is going to apply to South Korea, to India

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Speaker 4: and many other countries around the world. China has become

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Speaker 4: a part particular focus because of steel, autos and also

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Speaker 4: goods such as textiles and furniture that come from there

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Speaker 4: into Mexico.

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Speaker 1: That is Bloomberg's Maya Averbuck. Incidentally, these changes will align

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Speaker 1: with rules from the World Trade Organization. The Department of

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Speaker 1: Justice is reportedly investigating allegations of fraud at Tricolor Holdings.

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Speaker 1: The company is a used car seller and provider of

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Speaker 1: subprime loans that focus on undocumented migrants in the US Southwest. Today,

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Speaker 1: Tricolor collapsed into bankruptcy, and the Financial Times as reporting

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Speaker 1: the DOJ is now probing Tricolor over alleged irregularities related

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Speaker 1: to car loans. The Ft also says one area of

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Speaker 1: focus is whether Tricolor pledged the same collateral on multiple loans.

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Speaker 1: Hundreds of South Korean workers detained in a surprise raid

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Speaker 1: in Georgia over the weekend will be allowed to fly

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Speaker 1: home on Thursday. They were arrested at the construction site

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Speaker 1: of a Hunda battery plant. Earlier, the government of South

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Speaker 1: Korea said it reached a deal for voluntary departures to

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Speaker 1: avoid deportation bands. Today, during the regular session, shares an

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Speaker 1: Oracle jump thirty six percent after the company gave an

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Speaker 1: aggressive outlook for its cloud business. Here is Bloomberg's Caroline Hide.

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Speaker 5: They do say that they'd won some other multi billion

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Speaker 5: dollar deals from other cloud compute needers. And this is

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Speaker 5: all about the pivot that Oracle made. This was a

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Speaker 5: data software company. It is now one of the impactful

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Speaker 5: compute providers in the United States. Basically, their growth rate

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Speaker 5: is probably bigger than Google right now, their backlog is

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Speaker 5: bigger than that of Google.

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Speaker 1: That is Bloomberg's Caroline Hide. Financial markets will shift their

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Speaker 1: focus to Thursday mornings report on consumer prices. We have

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

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Speaker 3: Bloomberg Economics expects August core CPI to increase zero point

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Speaker 3: three percent, driven by discretionary services like airfares and hotels.

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Speaker 3: Nattie Lovell is senior US Equity strategistic UBS look.

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Speaker 6: We expect consumer prices to show the similar trend that

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Speaker 6: we've seen over the last month, a trickling through of

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Speaker 6: some of the impact from towers, nothing meaningful, something probably

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Speaker 6: over thirty basis points month over month.

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Speaker 3: Hot inflation print will raise the risk that the FOMC

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Speaker 3: is expected raycut next week will be the only cut

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Speaker 3: this year in New York. Charlie pet Bloomberg.

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Speaker 1: Radio, and that is news when you want it with

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Speaker 1: Bloomberg News. Now, I'm Doug Chrisner, and this is Bloomberg