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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good Morning.

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Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 1: stories we're following today.

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Speaker 2: Karen, we begin with a developing story. Overnight. New York

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Speaker 2: City Mayor Eric Adams has been indicted following a federal

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Speaker 2: corruption investigation. We get the very latest with Bloomberg's John Tucker.

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Speaker 2: Good Morning, John, Nathan.

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Speaker 3: Weeks of searches, subpoenas, and resignations of top officials pushed

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Speaker 3: New York City's government into crisis and now a bidder.

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Speaker 3: Mayor Eric Adams released a video statement last night.

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Speaker 4: I always knew that if I stood my ground for

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Speaker 4: all of you, that I would be a target, and

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Speaker 4: a target I became. For months, leaks and rumors have

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Speaker 4: been aimed at me in an attempt to undermine my

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Speaker 4: credibility and paint me as guilty.

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Speaker 3: The indictment so far is sealed. We don't yet know

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Speaker 3: what the federal criminal chreeses are or when the mayor

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Speaker 3: is likely to appear in court. The mayor and some

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Speaker 3: of his senior administration officials have been the subject of

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Speaker 3: at least four different federal investigations that we know about.

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Speaker 3: Two of which we learned about just this month. This

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Speaker 3: could be related to any one. A probe that become

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Speaker 3: became public in November of last year appeared to be

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Speaker 3: centering on potential campaign finance violations. Authorities have been looking

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Speaker 3: at the conduct of people close to him, including the

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Speaker 3: now former Police Commissioner Edward Cobban, who stemped down just

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Speaker 3: a couple of weeks after his phone was seized by

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Speaker 3: federal agents that in connection with a potential scheme involving

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Speaker 3: his twin brother. Adams is vowing to remain in office,

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Speaker 3: despite calls for his immediate resignation from fellow Democrats in

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Speaker 3: New York Income John Tucker Bloomberg Radio, all.

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Speaker 1: Right, John, thank you. While the indictment of Adams, just

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Speaker 1: the second black mayor in the city's more than four

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Speaker 1: hundred year history, is a remarkable turn for a former

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Speaker 1: police captain who beat a crowded field to win the

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Speaker 1: New York City mayor's race into a running on a

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Speaker 1: law and order platform that pledged to make city government

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Speaker 1: work better. Bloomberg'slawer to mea SA has been looking into

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Speaker 1: the probes.

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Speaker 5: The earliest investigation that we became aware of was a

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Speaker 5: probe that sort of burst into public view in November

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Speaker 5: of last year. That appeared to be centering on potential

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Speaker 5: campaign finance violations in the mayor's twenty twenty one campaign,

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Speaker 5: the campaign that got him elected mayor, and whether or

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Speaker 5: not there was some interaction with the Government of Turkey

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Speaker 5: potential straw donor scheme. But two other investigations seemed to

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Speaker 5: be underway. It's not clear if those actually are looking

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Speaker 5: at the mayor's conducts specifically, but they do seem to

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Speaker 5: be looking at the conduct of people who are incredibly

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Speaker 5: close to him.

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Speaker 1: Bloomberg's lawer to Mea says that Adams could be removed

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Speaker 1: from office by Governor Kathy Hugel upon formal charges, with

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Speaker 1: a chance to defend himself, and can be suspended for

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Speaker 1: up to thirty days during the process.

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Speaker 2: Karen, We've also had fast moving developments in the Middle East.

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Speaker 2: Israel continues to go after Hesballa targets in Lebanon, even

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Speaker 2: as the US and Allies proposed a three week ceasefire.

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Speaker 2: President Biden and French President Emanuel Macrome presented the proposal

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Speaker 2: to allow for negotiations so people in northern Israel and

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Speaker 2: southern Lebanon can return to their homes. Israel's UN ambassador

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Speaker 2: Danny Denone says that's what he'd like to see.

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Speaker 6: What happened either after the war all before.

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Speaker 2: We hope it will be before bud. Bloomberg's Paul Wallace

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Speaker 2: reports it's not clear whether Hesboela will accept the offer.

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Speaker 7: One thing that I.

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Speaker 8: Think is quickly is that something will have to be

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Speaker 8: given to Heswell, some kind of political concession to allow

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Speaker 8: it to save face, because it's quite difficult to see

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Speaker 8: as well are agreeing to move back its forces from

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Speaker 8: the Israeli border and to stop firing on Israel and

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Speaker 8: Esse it gets something in return.

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Speaker 2: Bloomberg's Paul Wallace in Dubai. This week's air strikes have

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Speaker 2: left more than six hundred dead, including at least fifty children.

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Speaker 2: Hesbel has responded with hundreds of rocket attacks, including one

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Speaker 2: aimed for the first time at Tel Aviv.

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Speaker 1: Well Nathan. The US has announced a new weapons package

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Speaker 1: for Ukraine, where three hundred and seventy five million dollars

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Speaker 1: the assistants. Coincides with a visit by Ukrainian President Vladimir

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Speaker 1: Zelenski to the US this week. Meantime, former President Donald

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Speaker 1: Trump lashed out at the Biden administration and Zelenski for

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Speaker 1: refusing to make a deal with Russia.

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Speaker 9: A deal could have been made if we had a

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Speaker 9: competent president instead of a president that.

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Speaker 4: Egged it all on.

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Speaker 9: And Biden and Kamala allowed this to happen by feeding

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Speaker 9: Zelenski money and munitions like no country has ever seen before.

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Speaker 9: Every time he came to our country, he'd walk away

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Speaker 9: with sixty billion dollars. It's probably the greatest salesman on Earth.

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Speaker 1: In another development, Trump is planning to return to the

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Speaker 1: site of the first assassination attempt on his life. Trump

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Speaker 1: will hold a rally at the Fairgrounds in Butler, Pennsylvania,

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Speaker 1: on October fifth, exactly one month before election day.

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Speaker 2: Mccar and Vice President Kamala Harris was in Pennsylvania yesterday

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Speaker 2: laying out her vision for what she calls an opportunity economy.

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Speaker 2: In a speech to the Economic Club of Pittsburgh, the

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Speaker 2: Democratic presidential nominee promised to be an ally to both

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Speaker 2: corporate executives and the people who work for them.

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Speaker 7: Well, I'm a capitalist.

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Speaker 2: I believe in free and fair markets.

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Speaker 10: I believe inconsistent and transparent rules of the road to

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Speaker 10: create a stable business environment.

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Speaker 2: Vice President Harris's campaign also released an eighty two page

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Speaker 2: policy blueprint. After her speech, she also gave her first

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Speaker 2: solo interview as a candidate to MSNBC, saying she'll visit

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Speaker 2: the US Mexico border tomorrow and making another pitch for

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Speaker 2: the bipartisan immigration bill that stalled in Congress this year.

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Speaker 11: My pledge is it, when elected president, if the American

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Speaker 11: people will have me, I will bring that bill back

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Speaker 11: and I will sign it into law.

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Speaker 2: Kamala Harris also defended her opposition to nipon Stiel's takeover

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Speaker 2: of US steal. She says keeping steel production American owned

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Speaker 2: is more important than the potential job losses if the

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Speaker 2: deal falls through.

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Speaker 1: Well, Nathan, The latest campaign incomes as Congress adverts a

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Speaker 1: government shutdown. It passed a short term a federal funding

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Speaker 1: bill We get more with Bloomberg's Ed Baxter in.

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Speaker 10: The House Speaker Mike Johnson relied on Democratic votes to

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Speaker 10: move it through an expedited process that limited Florida bate

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Speaker 10: but required a two thirds vote.

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Speaker 12: This is not the House's fault, It's the Senate's fault.

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Speaker 12: They passed not a single Appropriations bill, So there was

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Speaker 12: nothing for the two chambers to negotiate in the end,

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Speaker 12: and there was no agreement on the top line spending number.

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Speaker 10: So as you hear, the animosity between House and Senate

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Speaker 10: will continue and they'll go at it again in December.

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Speaker 10: The White House has issued a statement thanking the bodies

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Speaker 10: and saying it will work with them. Ad Baxter, Bloomberg Radio.

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Speaker 2: Thanks ed turning. The market's futures are higher on Wall Street,

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Speaker 2: fueling the gains Micron Technology. Those shares are up nearly

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Speaker 2: sixteen percent. The largest US maker of computer memory chips,

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Speaker 2: gave a surprisingly strong revenue pretty for the current period,

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Speaker 2: helped by demand for artificial intelligence gear.

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Speaker 1: Well, Nathan, we're also seeing big gains for stocks in Asia.

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Speaker 1: Over night, stocks in China and Hong Kong rose more

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Speaker 1: than four percent. China'stop leaders ramped up urgent efforts to

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Speaker 1: revive growth with pledges to support fiscals spending and stabilize

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Speaker 1: the beleaguer property sector.

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Speaker 2: Karen, this is a Bloomberg exclusive. Open AI is talking

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Speaker 2: about giving CEO Sam Alten a seven percent equity stake

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Speaker 2: in the company and restructuring to become a for profit business.

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Speaker 2: This would mark the first time Sam Altman's granted ownership

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Speaker 2: in the AI startup source to say, open aies mauling

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Speaker 2: these changes against the backdrop of an exodus of senior managers.

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Speaker 1: Honest time Now for a look at some of the

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Speaker 1: other stories making news in New York and around the world.

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Speaker 1: And for that we're joined by Bloomberg's Michael Barr.

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Speaker 2: Michael, Good morning, Good.

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Speaker 13: Morning, Karen. Hurricane Aleen continues to strengthen as it heads

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Speaker 13: toward the Big Bend area of Florida's Gulf Coast. Florida

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Speaker 13: Governor Rond Desanta says on top of the winds, forecasts

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Speaker 13: say the storm surge threatens to be unsurvivable.

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Speaker 12: Remember you hide from wind, but you run from the water.

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Speaker 13: Bloomberg meteorologist Rob Carolyn has more.

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Speaker 7: Hurricane Helen located about three hundred miles to the southwest

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Speaker 7: of Tampa, moving off towards the north at eleven miles

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Speaker 7: an hour. It will continue to strengthen today. It is

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Speaker 7: forecast to hit the Florida Big Bend area tonight as

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Speaker 7: a Category four hurricane. Winds could be an excess of

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Speaker 7: one hundred and twenty miles an hour, with a storm

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Speaker 7: surge in excess of twenty feet. The system will produce

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Speaker 7: rain and wind across the Florida Peninsula and Florida Panhandle today,

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Speaker 7: so that rain will be spreading north with across the

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Speaker 7: southeastern United States today. Looks like since the system is

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Speaker 7: going to be moving quickly this evening, it's going to

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Speaker 7: bring rain and significant wind to portions of the Southeastern

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Speaker 7: United States tonight and into tomorrow, and we could have

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Speaker 7: inland flooding as far north as the southern Appalachians and

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Speaker 7: Tennessee River Valley. I'm BROB Carolyn Bloomberg Radio.

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Speaker 13: Thank you Rob. A panel of appellate judges in New

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Speaker 13: York will hear former President Donald Trump's appeal of his

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Speaker 13: civil fraud case ruling. The judge overseeing the case ordered

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Speaker 13: Trump and his company to pay more than four hundred

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Speaker 13: and sixty million dollars in fines. The court will have

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Speaker 13: to decide whether to uphold the verdict or reduce the

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Speaker 13: almost half billion dollar penalty. After Israel launched a new

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Speaker 13: campaign against Hensbella Prime Minister Benjamin Nett and Yahoo postponed

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Speaker 13: his trip to New York to speak before the UN

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Speaker 13: General Assembly that Yahoo was supposed to speak today, but

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Speaker 13: we'll speak on Friday. Before then, delegates are expected to

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Speaker 13: hear from Lebanon's foreign minister. Global news twenty four hours

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Speaker 13: a day and whenever you want it with the Bloomberg News. Now,

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Speaker 13: I'm Michael Barrn. This is Bloomberg Karen.

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Speaker 1: Sorry, Michael barr thank you. Time now for the Bloomberg

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Speaker 1: Sports Update with John Stanshawer.

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Speaker 11: John, good morning, Good morning here in the Champagne remains

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Speaker 11: corked in the Yankee Clubhouse, Baltimore one for a second

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Speaker 11: straight night to remain mathematically alive in the al East.

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Speaker 11: Oiols led eight to one on the fifteen, when Juan

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Speaker 11: Soto had a two run home or his forty first.

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Speaker 11: They led nine to three in the night. Darren Judge

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Speaker 11: a three run shot his fifty seventh, but the Orioles

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Speaker 11: hung on nine to seven. Other chants for the Yanks tonight,

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Speaker 11: nes to Cortes was to start last night. He's been

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Speaker 11: pitching creative late, but he has an elbow straight and

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Speaker 11: Cortes won't pitch again, and so perhaps the Yanks get

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Speaker 11: to the ALCS. Detroit and Kansas City both won. Looks

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Speaker 11: like they'll be the last two AL wildcards. The Mets

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Speaker 11: rained out in Atlanta last night and hurricaned out tonight,

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Speaker 11: so they'll play this weekend in Milwaukee, and then, assuming

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Speaker 11: the games have meaning, they'll finish the regular season with

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Speaker 11: a doubleheader Monday afternoon back in Atlanta, and the Mets

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Speaker 11: may then have to get out to San Diego for

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Speaker 11: a playoff game on Tuesday. Arizona won last night, Diamondbacks

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Speaker 11: back tied with the Mets. They both lead the Braves

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Speaker 11: by a game. Two of the three teams will make

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Speaker 11: the postseason second week in a row. A Thursday night,

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Speaker 11: I'm at MetLife. It's the Giants and Cowboys. Both are

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Speaker 11: one and two, with the Giants coming off their first win.

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Speaker 11: Dallas just lost two straight at home. Caitlin Clarks WNBA

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Speaker 11: rookie season is over. She scored twenty five points in

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Speaker 11: Indiana's playoff loss at Connecticut Johns Stashaw.

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Speaker 2: We're Bloomberg Sports Kennon Nathan.

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Speaker 13: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 13: and around the.

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Speaker 2: World on Bloomberg dot Com and the Bloomberg Business app.

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Speaker 2: This is Bloomberg Daybreak. Good Morning of Nathan Hager. New

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Speaker 2: York City Mayor Eric Adams is in a fight for

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Speaker 2: political survival as he faces a sealed indictment following a

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Speaker 2: month's long federal corruption pro But the mayor is promising

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Speaker 2: he will fight enough.

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Speaker 4: I will fight these injustices with every ounce of my

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Speaker 4: strength in my spirit. If I'm charged, I know I

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Speaker 4: am innocent. I will request in immediate trials so the

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Speaker 4: New Yorkers can hear the.

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Speaker 2: Truth, Mayor Adams at a video message you posted last night.

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Speaker 2: This morning, we're joined by Bloomberg News Managing editor Derek

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Speaker 2: Wallbank for the latest. Derek, good morning. So what do

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Speaker 2: we know about these charges against the mayor?

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Speaker 6: Well, Nathan, we don't actually only know exactly what he's

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Speaker 6: being charged with. There are there is at least one charge,

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Speaker 6: could be multiple charges that are under seal that could

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Speaker 6: be released as early as today, according to people who

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Speaker 6: asked not to be identified. But we are aware of

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Speaker 6: a couple of things that that Adams has been linked with.

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Speaker 6: Let's let's say right now it should also be said,

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Speaker 6: and I should make this very very clear. Adams has

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Speaker 6: said he's done nothing wrong. He said that he plans

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Speaker 6: to fight, and he has said that he plans to

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Speaker 6: remain in power. So let's let's put all of that

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Speaker 6: onto the table. But there are some there are some

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Speaker 6: things that he has been dealing with. One investigation that

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Speaker 6: we're aware of was was talking about whether the Adams

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Speaker 6: campaign had coordinated with the Turkish government to take illegal

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Speaker 6: donations and questions about permitting and some other things like that,

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Speaker 6: you know. And another one was dealing with a search

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Speaker 6: of home owned by a prominent Adams fundraiser.

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Speaker 1: You know.

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Speaker 6: So you've got a couple of things that have been

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Speaker 6: going on right that are involving the mayor. Again, we

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Speaker 6: don't know what this exactly is going to be about.

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Speaker 6: We should hopefully get some more information, you know, maybe

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Speaker 6: as the day goes on, maybe as the weeks go on,

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Speaker 6: we should get some more information because this report is

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Speaker 6: going to have to get is going to have to

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Speaker 6: get answered somehow.

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Speaker 2: But to your point about how the investigation has really

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Speaker 2: been swirling around Adams for some time, we've seen a

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Speaker 2: lot of people in his inner circle really start to

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Speaker 2: go down over this, including the now former police commissioner

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Speaker 2: and some others.

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Speaker 6: Yeah, and you know, and the thing that I keep

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Speaker 6: thinking about was we're looking at this it's impossible to

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Speaker 6: think of it without thinking of the time and the

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Speaker 6: moment that we're in. Right, we're just a couple of

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Speaker 6: weeks before the US election.

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Speaker 1: Uh.

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Speaker 6: You know, Eric Adams is one of the most prominent

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Speaker 6: Democrats that there happens to be, and we're gonna have

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Speaker 6: to hear from really prominent Democrats about what they think. Now.

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Speaker 6: Alexandria Acrossio Cortez has already said that she thinks that

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Speaker 6: Adams should step down. We're gonna be waiting to hear

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Speaker 6: from from Hakim Jeffries, from Chuck Schumer, you know, the

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Speaker 6: top two Democrats in Congress, or both New Yorkers. We'll

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Speaker 6: need to hear from Kathy Okle, the governor of New York,

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Speaker 6: who has some power maybe in her back pocket, to

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Speaker 6: be able to take some action against the mayor under

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Speaker 6: state rules. And then you know, there will be a

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Speaker 6: fair number of Republicans who will want to note that

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Speaker 6: Eric Adams and Kamala Harris know each other u in

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Speaker 6: the specter of a presidential race, you know, any sort

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Speaker 6: of difficulties here may become a liability for Harris in

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Speaker 6: much the same way that Mark Robbinson's difficulties in North

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Speaker 6: Carolina have become a difficulty for Donald Trump. So you

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Speaker 6: cannot take this, even if it has nothing to do

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Speaker 6: with presidential electoral politics. You cannot take the situation out

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Speaker 6: of the moment in time in which it is currently happening.

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Speaker 2: Now, as you say, we are waiting for some of

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Speaker 2: those more prominent officials to respond. But if he does

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Speaker 2: start to lose support at the highest levels, I mean,

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Speaker 2: how much longer can Adams hold on as he awaits

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Speaker 2: these charges.

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Speaker 6: Well, that is going to be a question that really

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Speaker 6: only he can answer. You know, New York is a

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Speaker 6: place where political pressure can come thick and fast, right,

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Speaker 6: you know, it is one of the biggest political pressure

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Speaker 6: points anywhere in the US. But it's all so a

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Speaker 6: place where you know, he can, if he gets enough backing,

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Speaker 6: maybe try and ride this out. Now, it is to

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Speaker 6: say he has been very clear he is going to

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Speaker 6: fight whatever this happens to be, uh, and he wants

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Speaker 6: to remain in power, so that you know, that is

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Speaker 6: a thing that you would have to say if you're

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Speaker 6: going to try and do that. But part of the

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Speaker 6: answer to that question will deal with you know what

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Speaker 6: we were talking about just before what happens with all

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Speaker 6: of these other very prominent New Yorkers and Democrats and

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Speaker 6: what do they say and how much pressure is put

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Speaker 6: on him externally.

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