1 00:00:00,920 --> 00:00:03,840 Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Prisoner. 2 00:00:04,120 --> 00:00:06,920 Speaker 1: The US government shutdown is now in its thirty fourth day, 3 00:00:07,160 --> 00:00:09,719 Speaker 1: and some senators are predicting this could be the week 4 00:00:09,760 --> 00:00:14,040 Speaker 1: to finally break the impasse. However, those informal chats haven't 5 00:00:14,080 --> 00:00:18,360 Speaker 1: involved party leaders or President Trump. Meantime, the Trump administration 6 00:00:18,520 --> 00:00:23,080 Speaker 1: said it will partially fund the Supplemental Nutrition Program for November. 7 00:00:23,360 --> 00:00:27,240 Speaker 1: Two judges today issued rulings requiring the government to keep 8 00:00:27,280 --> 00:00:31,080 Speaker 1: SNAP running now. The Department of Agriculture had planned to 9 00:00:31,160 --> 00:00:34,520 Speaker 1: freeze payments beginning November first due to the government shutdown, 10 00:00:34,600 --> 00:00:38,720 Speaker 1: but now the USDA will use an emergency fund with 11 00:00:38,960 --> 00:00:42,000 Speaker 1: four point sixty five billion dollars to cover about half 12 00:00:42,080 --> 00:00:45,040 Speaker 1: the normal benefits. Here is Bloomberg's Tyler Kendall. 13 00:00:45,680 --> 00:00:48,559 Speaker 2: This was compelled py a pair of federal judges that 14 00:00:48,640 --> 00:00:51,480 Speaker 2: said that the administration had to look for some sort 15 00:00:51,520 --> 00:00:54,880 Speaker 2: of solution with this contingency of funding. But at this 16 00:00:55,000 --> 00:00:57,680 Speaker 2: point they're saying it's partially funded. It is unclear just 17 00:00:57,720 --> 00:01:00,760 Speaker 2: how much recipients are going to receive an how quickly 18 00:01:01,160 --> 00:01:03,279 Speaker 2: they will get that money. It looks like it might 19 00:01:03,320 --> 00:01:06,880 Speaker 2: be replenished sometime later. This week around Wednesday, That is. 20 00:01:06,800 --> 00:01:10,800 Speaker 1: Bloomberg's Tyler Kendall. Meantime, the FAA was forced to slow 21 00:01:10,880 --> 00:01:14,880 Speaker 1: traffic at many airports due to rising controllers staffing shortages. 22 00:01:14,959 --> 00:01:19,319 Speaker 1: Given the shutdown, today, Transportation Secretary Sean Duffy said he 23 00:01:19,400 --> 00:01:24,640 Speaker 1: would close US airspace if officials determined air travel was dangerous. 24 00:01:24,959 --> 00:01:27,120 Speaker 1: Here is Duffy speaking on CNBC. 25 00:01:27,600 --> 00:01:29,840 Speaker 3: If I have a controller doing two jobs, and by 26 00:01:29,880 --> 00:01:31,920 Speaker 3: the way, they're certified, it's they're able to do both 27 00:01:31,959 --> 00:01:35,160 Speaker 3: of those jobs. But is there more risk in the 28 00:01:35,200 --> 00:01:37,880 Speaker 3: system when you have a shutdown, Absolutely there's more risk. 29 00:01:38,200 --> 00:01:40,880 Speaker 3: But if we thought that it was unsafe again, we'll 30 00:01:40,880 --> 00:01:43,280 Speaker 3: shut the whole airspace down. We won't let people travel. 31 00:01:44,160 --> 00:01:47,360 Speaker 3: We're not there at this point. It's just significant. 32 00:01:46,760 --> 00:01:51,760 Speaker 1: Delays, Transportation Secretary Sean Duffy speaking to CNBC. We moved 33 00:01:51,760 --> 00:01:55,840 Speaker 1: to earnings news next after the bell. Palanteer Technologies reported 34 00:01:55,840 --> 00:02:01,360 Speaker 1: third quarter results above analyst estimates andeer race its annual outlook. 35 00:02:01,560 --> 00:02:05,680 Speaker 1: The company cited accelerating and other worldly growth for its 36 00:02:05,800 --> 00:02:10,320 Speaker 1: artificial intelligence and data analytics products. We got reaction from 37 00:02:10,360 --> 00:02:12,079 Speaker 1: Bloomberg's Max Chafkin. 38 00:02:12,520 --> 00:02:14,760 Speaker 4: This is a company where you have a couple of 39 00:02:14,919 --> 00:02:19,639 Speaker 4: trends working in its favor. One is AI Palenteer is 40 00:02:19,720 --> 00:02:24,080 Speaker 4: marketing itself as like essentially a way for big companies 41 00:02:24,120 --> 00:02:27,720 Speaker 4: to incorporate artificial intelligence in their workflows. That's obviously something 42 00:02:28,160 --> 00:02:30,360 Speaker 4: lots and lots of companies are spending huge sums of 43 00:02:30,360 --> 00:02:33,600 Speaker 4: money on. The Other thing is this is a big 44 00:02:33,639 --> 00:02:37,280 Speaker 4: defense contractor, and it happens to be Peter Teele's name. 45 00:02:37,680 --> 00:02:39,920 Speaker 4: He's co founder of the company. It is a company 46 00:02:39,960 --> 00:02:41,800 Speaker 4: that is very close to the Trump administration. 47 00:02:41,880 --> 00:02:45,880 Speaker 1: That is Bloomberg's Max Chafkin. This company's stock has surged 48 00:02:45,960 --> 00:02:50,760 Speaker 1: nearly four hundred percent over the last twelve months. Amazon 49 00:02:50,800 --> 00:02:53,320 Speaker 1: has signed a seven year deal with open ai for 50 00:02:53,480 --> 00:02:58,000 Speaker 1: computing power. Open Ai will pay Amazon Web Services thirty 51 00:02:58,040 --> 00:03:01,560 Speaker 1: eight billion dollars for access to hundreds of thousands of 52 00:03:01,680 --> 00:03:06,720 Speaker 1: Nvidia graphics processing units. Under the agreement, OpenAI will immediately 53 00:03:06,760 --> 00:03:11,520 Speaker 1: begin using AWS, with all targeted capacity to be provided 54 00:03:11,560 --> 00:03:14,880 Speaker 1: before the end of twenty twenty six. Here is Bloomberg's 55 00:03:14,880 --> 00:03:15,919 Speaker 1: Caroline Hyde. 56 00:03:16,080 --> 00:03:18,960 Speaker 5: AW has just proved themselves on Friday. Of course, on 57 00:03:19,040 --> 00:03:21,560 Speaker 5: Thursday evening got the numbers out of Amazon and AWS 58 00:03:21,600 --> 00:03:25,160 Speaker 5: growth had reaccelerated to some twenty percent year on year growth, 59 00:03:25,280 --> 00:03:27,240 Speaker 5: and they're managing to show once again that they can 60 00:03:27,280 --> 00:03:31,920 Speaker 5: offer what they call tens of thousands of GPUs from Nvidia, 61 00:03:32,120 --> 00:03:35,200 Speaker 5: but then also start to access Amazon Zone Vertical Integration, 62 00:03:35,440 --> 00:03:38,920 Speaker 5: who could be millions of CPUs made by Amazon themselves, 63 00:03:38,960 --> 00:03:41,040 Speaker 5: to continue the inference that they're going to be able 64 00:03:41,040 --> 00:03:42,200 Speaker 5: to see coming out of OpenAI. 65 00:03:42,360 --> 00:03:45,440 Speaker 1: That is Bloomberg's Caroline Hide. Shares in Amazon today and 66 00:03:45,520 --> 00:03:48,360 Speaker 1: the regular session we're up four percent. In Vidia was 67 00:03:48,480 --> 00:03:51,800 Speaker 1: up more than two percent. Kimbilly Clark has agreed to 68 00:03:51,800 --> 00:03:54,920 Speaker 1: buy the embattled maker of taile andol Canview. The price 69 00:03:54,960 --> 00:03:58,240 Speaker 1: tag is roughly forty billion dollars now. Shares in Canview 70 00:03:58,240 --> 00:04:01,080 Speaker 1: have lost nearly thirty percent of the past eight weeks. 71 00:04:01,280 --> 00:04:04,240 Speaker 1: This is after a series of unproven claims that the 72 00:04:04,320 --> 00:04:08,280 Speaker 1: use of tailenol during pregnancy can cause autism. Here is 73 00:04:08,280 --> 00:04:10,240 Speaker 1: Bloomberg analyst Diana Gomez. 74 00:04:10,880 --> 00:04:16,520 Speaker 6: It is surprising in many ways from the perspective of 75 00:04:16,600 --> 00:04:21,680 Speaker 6: Kimberly Clark. I must confess it shows that ken View 76 00:04:21,760 --> 00:04:24,440 Speaker 6: really has a lot of work to do to turn 77 00:04:24,480 --> 00:04:28,960 Speaker 6: around the business since it split from Jane Jay about 78 00:04:29,000 --> 00:04:34,000 Speaker 6: two years ago, and the third quarter miss just added 79 00:04:34,080 --> 00:04:36,360 Speaker 6: up to a pile of disappointing results, that. 80 00:04:36,400 --> 00:04:39,880 Speaker 1: Is Bloomberg analyst Diana Gomez. Now, today Shares and Kenview 81 00:04:39,880 --> 00:04:43,000 Speaker 1: were up more than twelve percent. Shares and Kimberly Clark 82 00:04:43,040 --> 00:04:46,760 Speaker 1: fell more than fourteen percent. Last week, the FED cut 83 00:04:46,800 --> 00:04:49,760 Speaker 1: its benchmark interest rate by a quarter point, and at 84 00:04:49,760 --> 00:04:53,200 Speaker 1: that meeting, FED Governor Stephen Myron voted for an even 85 00:04:53,320 --> 00:04:56,920 Speaker 1: bigger half point cut. Today he talked about his descent. 86 00:04:57,200 --> 00:04:59,000 Speaker 7: I think that the FED is too restrictive. I think 87 00:04:59,040 --> 00:05:01,719 Speaker 7: that neutral is quite a way below where current policy is, 88 00:05:02,240 --> 00:05:05,560 Speaker 7: and given my rather more sanguin out look on inflation 89 00:05:05,640 --> 00:05:07,320 Speaker 7: than some of the other members of the committee, I 90 00:05:07,320 --> 00:05:09,720 Speaker 7: don't see a reason for keeping policy as restrictive for 91 00:05:09,760 --> 00:05:11,839 Speaker 7: a long period of time as we are. The longer 92 00:05:11,880 --> 00:05:14,279 Speaker 7: you keep policy restrictive, the more you run the risk 93 00:05:14,320 --> 00:05:16,640 Speaker 7: that montary policy itself causes a downturn in the economy. 94 00:05:16,720 --> 00:05:19,160 Speaker 1: FED Governor Stephen Myron there he was a guest on 95 00:05:19,240 --> 00:05:22,839 Speaker 1: Bloomberg Surveillance. You can hear the full conversation on the 96 00:05:22,880 --> 00:05:25,960 Speaker 1: Surveillance podcast, and that is news when you want it 97 00:05:25,960 --> 00:05:29,200 Speaker 1: with Bloomberg News. Now, I'm Doug Prisner, and this is Bloomberg,