Trump and Republicans Mourn Charlie Kirk; Effects of H-1B Visa Fee

Bloomberg Audio Studios, Podcasts, radio news.
Good morning.
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today.
Karen, we begin with a day of mourning and political
energy for Charlie Kirk.
You will live in.
Tens of thousands of supporters packed State Farm Stadium in Glendale, Arizona,
to honor the murdered conservative activist and founder of Turning
Point USA. Charlie Kirk's wife, Erica says she will work
to create thousands more Turning Point chapters on college campuses
in her husband's memory. And she said this of his
accused killer, that man.
That young man, I forgive him.
Along with Erica Kirk, many of President Trump's cabinet members
paid tribute to Charlie Kirk. At the more than five
hour service, President Trump delivered the closing eulogy. He said
he had one difference with Charlie Kirk. He did not
hate his opponents.
He wanted.
The best for them.
That's where I disagreed with Charlie.
I hate my opponent and I don't want the best
for them.
I'm sorry, I am sorry, Erica.
President Trump called Charlie Kirk a martyr and said his
murder was not just an attack on one man or one movement,
but on the entire nation.
Well Nathan, their new rules in effect for those seeking
high skilled US visas. On Friday, the Trump administration imposed
a new one hundred thousand dollars application fee for the
widely used H one B program. The new rules are
expected to have a significant impact on Indian and nationals,
who account for more than seventy percent of all H
one B visas. Bloombergs Del Lisa says the policy is
a major change.
Trump His slapped this one hundred thousand dollars application fee
on this visa program is part of the idea of
trying to make sure that more of these jobs are
held by US workers rather than foreign workers that are
flown in. Just as a comparison, I mean most visa programs,
you're really looking at a cost of about five to
ten thousand US dollars, So, I mean this is a massive,
massive increase in how much it actually costs just to
put it in application for this visa.
And Bloomberg's Gil Lisa says the new policy has caused
chaos among companies that rely on the H one B
program to bring in global talent Microsoft, Amazon, and Alphabet.
Some of the biggest beneficiaries of the H one B
program are warning employees against foreign travel.
Thank Karen.
President Trump is making more tech news. He's indicating the
Murdoch family could be involved in the takeover of TikTok's
US operations, and we get more on that from Bloomberg's
Denise Pellegrini.
After the White House announced that under a pending deal
with China, TikTok will be majority owned and controlled by
American investors, including Oracle Andreason Horowitz and silver Lake Management.
President trumplett this one drop on Fox News.
Hey to tell you this, But a man named Lachlan
is involved.
You know, Lachlan is that's a very unusual name. Lachlan Murdock,
mister murder, I believe, and you call him and Rupert
is probably going to be in the group.
The Murdoch family controls Fox News. Afterwards, a source told
Bloomberg Fox will be involved in the TikTok deal as
opposed to the Murdochs individually. The White House says a
deal to get the US operations of TikTok out from
under control of China's bidens, as required by US law,
will be signed in the coming days. Denise Pelgrity Bloomberg Radio.
A Denise, thank you. A part of New York City
will be on security lockdown this week as more than
one hundred and fifty world leaders gathered for the United
Nations General Assembly in Manhattan. Bloomberg's Monica Ricks reports from
New York.
The Secret Service has spent all year planning security for
the UN General Assembly, from motorcades to screening protocols, booking
the equivalent of thirty thousand hotel nights for its agents,
and they'll have reinforcements including thousands of New York Police
Office officers, Federal Air marshals, Coastguard cutters, and counter sniper teams.
The event has been designated a national Special Security Event,
the same classification as a presidential inauguration, and those city
officials confirm there are no credible threats against this year's session.
The backdrop will be tense following the assassination of conservative
activists Charlie Kirk and wars in Ukraine and Gaza. Monica
Ris Bloomberg Radio, All.
Right, Monica, thank you about.
Stay with Bloomberg for complete coverage of the UN General Assembly.
We'll be there broadcasting live from the bloomberg A Global
Business Forum on Wednesday and on.
The backdrop of the UN meetings in New York, Karen,
the UK, Canada and Australia have formally recognized Palestine as
a sovereign state and a sign of the growing international
condemnation of Israel. Those through US allies announced the shift yesterday.
Here's UK Prime Minister Keir Starmer.
In the face of the growing horror in the Middle East,
we are acting to keep alive the possible ability of
peace and a two state solution that means a safe
and secure Israel alongside a vible Palestinian state.
That was UK Prime Minister Kre Starmer.
Now.
US officials are criticized in the move. They warn it
will incentivize some US to prolong the war with Israel.
Well.
The Trump administration, Nathan is reportedly going to make major
changes when it comes to autism research. The Washington Post
is reporting officials planned to tie autism to aceda metafine,
the active ingredient in thailan all. The paper says officials
plan to warn pregnant women against using the medication. What
are the world's most common over the counter pain relievers
unless they have a fever. At the same time, The
Washington Post says officials planted a touta drug called Lukavorin
as a potential autism treatment. The paper says Lucavorin is
typically prescribed to counteract these side effects of some medication
and to treat vitamin B nine deficiency.
Turn markets now, Karen futures are lower following another record
Clothes on Wall Street and gold is trading at an
all time high above thirty seven hundred dollars an ounce,
and we have some possible deal news as we begin
the trading week. The Financial Times is reporting Pfizer's closing
in on a potential seven point three billion dollar takeover
of obesity startup met Sarah. The paper says the drug
giants look into bolster its pipeline after the recent failure
of its closely watched weight loss pill. And shares of
Met Sarah and the pre market are up more than
thirty percent.
And Nathan Sachs Global, the owner of storied retailer Sax
fifth Avenue, is reportedly exploring selling forty nine percent of
Bergdorf Goodman for about one billion dollars. The Wall Street
Journal is reporting there are at least four potential bidders,
including Middle Easter and sovereign wealth funds that were not named.
A nice time now for a look at some many
other stories making news in New York and around the world.
For that, we're joined by Bloomberg's and Michael Barr or Michael.
Good morning, Good morning, Karen. It was debate night in
New Jersey's high stakes governor's race last nine. In their
opening debate, Democrat Mikey Cheryl and Republican Jack Chittarelli sparred
over several issues, including the economy. Cheryl, a former Navy
helicopter pilot, was asked about rising energy costs.
I'm going to declare a state of emergency on day one,
freezing your rate hikes.
Chittarelli blames rising energy costs on closing energy plants in
favor of wind farms.
I'll reopen and repurpose the plants. We'll expand our nuclear
footprint in Cell Jersey. We will accelerate solar on the
rooftops of our warehouses, and we're pulling out the regional
greenhouse gas initiative. That carbon tax initiative has been a failure.
Audio courtesy of ABC seven. According to the latest Winnipia poll,
Cheryl leads Chittarelli forty nine percent to forty one percent.
Authority say patrons at a restaurant acted quickly and selflessly
to stop a gunman who opened fire while a wedding
was taking place at a New Hampshire country club, averting
a worse tragedy. They say one person was killed and
two others were wounded by the gunfire over the weekend
before the suspect was taken into custody in a nearby neighborhood.
Authorities say gunfire killed a fifty nine year old man
at Sky Middle country Club in Nashua. Hong Kong International
Airport expects flights to be cut starting Tuesday as the
Asian financial hub races for one of the strongest super
typhoons in years. Ragasa Bloomberg's Mary Way was asked, how
is this storm different.
It's been a particularly busy storm season. We've had eleven
tropical cyclones affect Hong Kong since January this year, and
that's the highest number since nineteen forty six, so eight decades, right,
that's a pretty high record, and it just speaks to
the warm sea surface temperatures really fueling these storms and
then sending them away, which as they've picked up additional
energy through the waters as it tracks across the waters.
It really just wraps up that.
Bloomberg's Mary Way Global News twenty four hours a day
and whenever you want it with Bloomberg News Now now
Michael Barr and this is Bloomberg Karen.
Thanks Michael.
Time now for our Bloomberg Sports updating. For that, we
bring in John stash Hour.
Thanks Karen wag Three in the NFL included a big
comeback by defending Super Bowl champion in Philadelphia. The Eagles
are three and oh. The Rams scored twenty six straight
points that led by nineteen in the third quarter. The
Eagles came back to take the lead and then seal
the win on a block field goal was a return
for a touchdown. The big upset was in Cleveland. The
Browns shutout for fifty six minutes, rallied to beat Green
Bay on a fifty five yard field goal. Kansas City
finally got its first win. The Chiefs beat the Giants
twenty two to nine. That's a Bloomberg Sports update.
Stay with us more from Bloomberg day Break coming up
after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg Dot and the Bloomberg
Business album. This is Bloomberg Daybreak.
Good morning.
I'm Nathan Hager. Tens of thousands packed a football stadium
in Arizona to mourn and pay tribute to conservative activist
Charlie Kirk nearly two weeks after his murder. Some of
the highest ranking Republicans were there, including President Trump, who
called the Turning Point USA founder a martyr for American freedom.
Charlie's message has not been silenced.
It now is bigger and better and stronger than ever before,
and it's not even close.
I was President Trump delivering the closing eulogy for Charlie
Kirk at State Farms Stadium in Glendale, Arizona. Joining us
this morning is Bloomberg's Jill Desis and Jill just to
see the huge amount of people who came out. The
fact that just about every member of President Trump's cabinet
was there to pay tribute to Charlie Kirk really speaks
to just how much of an impact this man had
on where the Republican Party stands right now.
Good morning, Yes, Good morning, Karen and Nathan. Look, I
think what you have in an event like this is
really it was really interesting to see kind of two
different schools of thought here. Obviously, you had, you know,
this really heartfelt monologue from Erica Kirk, the wife of
Charlie Kirk, where she was talking about, you know, forgiving
the person who you know, LEDs to have assassinated her husband.
But then on the other hand, you have this really
fiery rhetoric that's coming out of Donald Trump. And then
obviously this at this event is attended by you know,
as you mentioned, like you know, his many members of
his administration. Really kind of shows you how much political
anger has intensified over this particular assassination. I mean, you know,
in addition to obviously the remarks that we heard from
Donald Trump, which you played earlier in this program, you
also have you know, this this assassination really uniting a
lot of Republicans in investigating liberal groups that they claim
fermant violence, clapping down a negative coverage of the Trump administration,
and really driving a lot of state redistricting efforts in
particular aimed at securing more GEOP seats in Congress. So
you really kind of see that the dichotomy again of
this really emotional response that you have at an event
like this, but then also a lot of the ways
in which this has you know, created a lot of
political anger.
And in terms of that political anger, I mean, is
this the kind of thing. Could you see this, you know,
pouring out into the mid term elections next year?
Yeah, And I really do think that one of the
big concerning things here is, you know, what potential political
violence could still be to come. I mean when you're
looking at the United States over the past year and
a half in particular, I mean, look at the other
instances that we've had. There was the assassination attempt on
Donald Trump himself, you know, just over a year ago
when he was still campaigning for president. You've also had
you know, various targets, you know, including you know, those
who have targeted some prominent democracratic politicians. And so you're
looking at an environment that has become increasingly violent over
the past couple of years, obviously headed into the midterm elections.
I think that that's a pretty significant concern as to
whether there's still more violence to come.
Well, we have to wonder whether the concern in the
markets right now is on what the ramifications are for
immigration with this new one hundred thousand dollars fee for
H one B visas for highly skilled workers, I mean,
this could be a major disruption for the tech sector
in particular.
Yes, it really could. I mean when we're looking at
companies like Microsoft, like Google owner Alphabet Amazon, I mean
Amazon alone is really the single most biggest user of
this type of H one B visa program. I think
there's some pretty significant impacts that this could ultimately have
on the sector at large. What we already know is
that those companies that I've just mentioned, along with others,
actually sent messages to affected employees telling them to return
to the US and Saturday canceling any plans that they
had to depart the country because there's some concerns about this. Now,
what we have learned over the weekend was that, you know,
the new one hundred thousand dollars US dollar application fee
won't apply apply to existing visas or visa renewals, but
will apply to future ones. And you do have to
wonder how much that's going to impact a lot of
companies that do rely on these visas to import foreign
workers as skilled talent, particularly for these tech companies.
This is Bloomberg Daybreak, your morning podcast on the stories
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