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

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Speaker 1: Doug Chrisner. We begin in Georgia, where two students and

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Speaker 1: two teachers were killed today in a school shooting. The

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Speaker 1: attack also injured nine people at a high school in

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Speaker 1: winder Georgia.

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Speaker 2: Now.

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Speaker 1: The suspect is a fourteen year old student. He was

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Speaker 1: taken into custody following the shooting at Appalachi High School.

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Speaker 1: Police say he will be charged with murder and tried

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Speaker 1: as an adult.

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Speaker 3: Now.

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Speaker 1: The school superintendent says schools in the district will be

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Speaker 1: closed for the remainder of the week and grief counselors

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Speaker 1: will be made available. President Biden says he and the

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Speaker 1: First Lady are mourning the deaths, and his administration is

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Speaker 1: working with federal, state, and local officials. Bloomberg has learned

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Speaker 1: that President Biden is preparing to block Nippon Steele's fourteen

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Speaker 1: point one billion dollar takeover of US Steal. Here's Bloomberg's

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Speaker 1: Charlie Pellett.

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Speaker 3: The proposed deal has been subject to a review by

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Speaker 3: the Committee on Foreign Investment in the United States, and

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Speaker 3: sources say the President plans to kill it as soon

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Speaker 3: as the Scifius decision lands on his desk. The source

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Speaker 3: of say a decision could be made as soon as

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Speaker 3: this week. The proposed deal has sparked an election year

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Speaker 3: firestorm in the crucial swing state of Pennsylvania, where us

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Speaker 3: Deal is based In New York. Charlie pea Bloomberg.

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Speaker 1: Radio meantime, usteeal CEO David Burrett is issuing a warning.

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Speaker 1: He told The Wall Street Journal that us Deal will

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Speaker 1: close mills and likely move its headquarters out of Pittsburgh

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Speaker 1: if the Nippon Steel deal falls apart. Shares in us

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Speaker 1: Deal were down seventeen percent in the New York session,

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Speaker 1: the biggest drop we have seen since April twenty seventeen.

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Speaker 1: After the ballet. Hewlett Packard Enterprises reported weaker than expected margins.

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Speaker 1: HPE's fiscal third quarter adjusted gross margin thirty one point

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Speaker 1: eight percent. That's a decline from the same period last year,

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Speaker 1: and the street was looking for a margin of thirty

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Speaker 1: three point four percent. This points to disappointing profitability at

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Speaker 1: Hewlett Packard Enterprise's AI server business. We got reaction from

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Speaker 1: Hu jin Ho. He is senior hardware analyst for Bloomberg Intelligence.

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Speaker 2: There are multiple AI stores by the different server vendors.

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Speaker 2: Super Micro is going after the Tier two cloud customers.

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Speaker 2: Dell has a broader AIS approach of Tier two cloud

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Speaker 2: plus enterprise, and quite frankly, Hpe has been a little

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Speaker 2: bit later to the game in terms of fine tuning

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Speaker 2: the AI story, and they finally have one. They have

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Speaker 2: a very easy roll out AI story for the enterprise,

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Speaker 2: but that's going to be longer to materialize.

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Speaker 1: He is Bloomberg's Wood gin Hoe, analyst for Bloomberg Intelligence.

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Speaker 1: Wall Street's main watchdog is backing down from a high

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Speaker 1: stakes legal fight with private funds. Here's Bloomberg's Tracy Juhnkey

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Speaker 1: with more.

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Speaker 4: And Appeals Court in June struck down Securities and Exchange

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Speaker 4: Commission rules that would have required hedge funds and private

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Speaker 4: equity firms to be more transparent with clients about quarterly

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Speaker 4: fees and expenses. Hadn't tail yesterday to ask the Supreme

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Speaker 4: Court to step in, and according to a person familiar

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Speaker 4: with the matter, it did not. The industry argued the

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Speaker 4: stock market regulator overstepped its authority. The sec argument was

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Speaker 4: that the twenty six trillion dollar private funds market can

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Speaker 4: contribute to financial stability risks and needs more oversight. In Washington,

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Speaker 4: I'm Tracy Johnkie. Bloomberg Radio.

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Speaker 1: Vice President Kamala Harris is planning to pair back the

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Speaker 1: capital gains tax increase proposed by President Biden. We have

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Speaker 1: more from Bloomberg's Amy Morris.

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Speaker 5: A campaign official tells Bloomberg the move aims to bolster

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Speaker 5: Harris's efforts to court the business community and deep pocketed

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Speaker 5: donors in her bid for the White House. Harris announced

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Speaker 5: her plan at a rally in New Hampshire.

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Speaker 2: If you earn a million dollars a year or more,

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Speaker 2: the tax rate on your long term capital.

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Speaker 5: Gains will be twenty eight percent under my plan. You

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Speaker 5: might recall, President Biden had proposed a series of increases

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Speaker 5: on capital gains tax rates to between thirty nine point

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Speaker 5: six and forty four point six. Trus is breaking from that,

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Speaker 5: saying that when the government encourages investment, it can lead

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Speaker 5: to broad based economic growth. In Washington, amymore as Bloomberg Radio.

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Speaker 1: Former President Donald Trump is promising to extend his twenty

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Speaker 1: seventeen tax cuts and then some if he returns to

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Speaker 1: the White House. However, those promises could come with a

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Speaker 1: huge price tag, as we hear from Bloomberg's Nathan Hagar

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Speaker 1: in Washington.

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Speaker 6: Ten and a half trillion dollars over a decade. That's

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Speaker 6: according to a rough estimate of Trump's proposals from tax

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Speaker 6: and budget specialists. The campaign hasn't given details on its

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Speaker 6: tax plans, but if confirmed, it would dwarf the estimated

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Speaker 6: nine point eight trillion dollars that every government agency outside

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Speaker 6: the military is projected to spend over the next decade.

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Speaker 6: The Trump campaign says cuts to wasteful spending and boosted

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Speaker 6: energy production would pay for the tax cuts, but the

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Speaker 6: right leaning American Enterprise Institute says even a Republican controlled

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Speaker 6: Congress would not pass a ten trillion dollar deficit financed

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Speaker 6: tax cut. In Washington, I'm Nathan Hager Bloomberg Radio.

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Speaker 1: That is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisoner and this is Bloomberg