Kimmel Returns as Trump Renews Attacks; Powell Reiterates Duel Economic Risks

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.
Well, Karen. After he was suspended for comments over the
murder of conservative activist Charlie Kirk, late night host Jimmy
Kimmel took a conciliatory tone in his return to TV
last night. Bloomberg's John Tucker's Here with More. Good Morning, John.
Man, Good Morning. Nathan Kimmel choked up several times during
his return to late night TV.
You understand that it was never my intention to make
light of the murder of a young man.
I don't well.
Kimmel's monologue last night was the first time he's spoken
publicly since ABC parent Walt Disney pulled the show off
the year September seventeenth.
I posted a message on Instagram when the Daves killed,
sending love to his family and asking him for compassion,
and I mentioned and I still do. Nor was it
my intention to blame any specific group for the actions
of what it was obviously a deeply disturbed individual.
Kim O personally negotiated his return with Disney CEO Bob
Iger Later in the show. Actor Robert de Niro was
showed up as a guest, playing the role of the
FCC chairman Brendan Carr, echoing the characterization of Carr's comments
last week about ABC and Kimmel, saying we can do
this the easy way or the hard way. Sinclair and
next to our media group, two of the largest local
ABC TV stations said they would continue to keep Kimmel's
show off the air, and that's until further notice.
And John, I guess President Trump is continuing to react
to Jimmy Kimmel's return.
Huh.
Yeah, this was a social media post and it was
just the minutes actually before Kimmel's show aired. Trump floated
the prospect of unspecified future legal challenges against ABC over
Kimmel's return, calling him an arm of the Democratic Party.
This is a direct quote. Last time it went after them,
they gave me sixteen million dollars, Trump wrote, And this
one sounds even more lucrative. In New York, I'm John
Tucker Bloomberg Radio.
Right, John, thank you. Now, let's get to the latest
from the UN General Assembly. President Trump is signaling more
support for NATO after recent Russian incursions into its airspace.
The President was asked about it during a meeting with
Ukrainian President Vladimir Zelenski. Mister President, do you think that
NATO countries should shoot down Russian aircraft if they enter
their airspace? Yes? I do. And the President also says
he thinks Ukraine is in a position to take back
all the territory it's lost to Russia with support from
the European Union. He says three and a half years
of war have devastated the Russian economy.
The terrible war should have ended, and Russia should have
stopped it. But they've been three and a half years
and they've gotten that so far. So we'll see what happens.
And President Trump says it's too soon to talk about
security guarantees for Ukraine, but he has been pushing European
allies to round economic pressure on Russia. President Zelenski is
calling President Trump's position on the war a quote big
shift and Karen.
President Trump's comments on Ukraine came after a speech before
the UN General Assembly where he criticized the world body
and many of its most cherished principles.
What is the purpose of the United Nations? The UN
has such tremendous potential. I've always said it. It has
such tremendous, tremendous potential.
President called climate change a con job. He said the
global body hasn't done enough to support his diplomatic efforts,
and he warned UN member states against uncontrolled migration.
It's time to end the failed experiment of open borders.
You have to end it now.
Let's see.
I can tell you I'm really good at this stuff.
You countries are going to hell.
And President Trump complained about a faulty teleprompter and an
escalator that broke down before his speech. He said the
two things he got from the United Nations were a
bad escalator and a bad teleprompter. It was election night
in one part of Arizona and a Democrat has won
the vote in the state's seventh district. Audalitok Rialva is
the choice to succeed her father, late Democratic Representative Raoul Grialva.
The win further narrows the already razor thin Republican majority
in the House, and it also sets the stage for
a forced floor vote to release government files on Jeffrey Epstein.
Well Nathan both the House and Senator on recess as
the clock takes toward a possible government shutdown on October first,
and Bloomberg's Amy Morris has the latest from Washington.
House Democrats are set to meet on Capitol Hill September
twenty ninth. House Minority Leader Hakim Jeffries sent a letter
to Democrats saying that they'll also have a virtual meeting
on the twenty sixth to find a path forward. Jeffrey
says they're ready.
To meet with anyone, any time, at any place.
He accused Trump of chickening out of the meeting they
were supposed to have with the president. This Thursday, Trump canceled,
saying that Democrats have to drop their demands for renewing
healthcare subsidies and ending dedicaide cuts before he'll agree to
negotiate with congressional leaders. Bloomberg Economics reports a government shutdown
is now more likely and may be harder to end
in Washington. Amy Morris, Bloomberg Radio.
All right, Amy, thank you. We have more economic news
this morning. New comments from Fed chair J.
Powell.
He says the outlooks for the labor market and inflation
both face risks. He's reiterating his view that policymakers have
a difficult road ahead as they weigh further interest rate cuts.
In remarks heard here on Bloomberg Radio, Powell spoke to
the Greater Providence Chamber of Commerce in Rhode Island.
Near term risks to inflation are tilted to the upside
and risks to employment are tilted to the downside, a
challenging situation. Two sided risks mean that there is no
risk free path.
FED shared Jay Powell offered no hints as to whether
he might support a rate cut at the fed's next
meeting next month.
Well Nathan Powell's outlook helped drive stocks down from all
time highs. Mag seven stocks led the declines, dropping one
and a half person this morning shares a micron. They
are higher. They're up about one in a third percent.
The largest US maker of computer memory chips gave an
upbeat forecast, help by demand for artificial intelligence equipment and
and Twanch. Caban is equity research analyst from New Street Research.
The key metrics for look at here are cogs, of course,
and pricing, you know, and that's driving you know. You
see cogs growing sequenity, You see gross margins expanding and
revenues growing more than twenty percent sequentcity on and that's
supporting very much, you know, our perspective here because memory
is a constraint that everybody's addressing at the moment.
And that's New Street Research, equity research analyst and tuanch
Caban and Micron shares them nearly double this year.
And shares of ali Baba traded in the US are
jumping this morning, Karen, They're up nearly nine percent. The
company has revealed plans to ramp up its AI spending
past an original fifty billion dollar plus target. Ali Baba
also says it's integrating Invidious suite of so called physical
AI tools It's to it's cloud software platform. It is
a notable collaboration between two of the leading AI names
in the US and China.
Time now for look at some of the other stories
making news in New York and around the world. For
that were joined by Blueber's Michael Barr Michael, good morning.
Good morning here, and Ryan Ruth has been found guilty
of attempting to assassinate Donald Trump at a Florida golf
course last year. After the verdict, Ruth tried to stab
himself in the neck with a pen, but was quickly
restrained by officers. The jury took about two hours to
reach their decision. Ruth, who represented himself in court, faces
life in prison, with sentencing scheduled for December eighteenth. President
Trump praising the verdict, saying justice was served.
I'm very appreciative of the justice that was given and
the way it was handled by Pam Bondi and Todd.
Blanche, prosecuted to say Ruth spent weeks plotting to kill
mister Trump, but did not fire his weapon. On the
Southern Chinese coast, rain and wind as typhoon Brigassa, one
of the strongest in years, slam waves taller than lampposts
onto Hong Kong promenades. Regassa left destruction in Taiwan and
the Philippines. Taiwan reported fourteen deaths in a flooded township,
and ten deaths occurred in the Philippines. An executive from
Hong Kong's airport authorities says the airport expects to handle
more than a thousand flights on Thursday. The suspect in
Long Island's infamous Gilgo Beach serial killings has lost his
bit to separate his cases into multiple trials. Rex Huerman
showed no emotion, learning he will face a single trial
for all seven alleged murders. Defense attorney Michael Brown said
he disagrees with the judge's decision, but is moving on.
We're not wasting people's time. We're not making motions for
the sake of making motions. We're making motions because we
are confident in the law and confident in our position.
Defense attorney Michael Brown said they wanted to split the cases,
arguing the moos differ and jurors wouldn't be able to
separate evidence. Global News twenty four hours a day and
whenever you want it with Bloomberg News Now. Michael Barrn,
this is Bloomberg Carry.
Thanks Michael. Time now for our Bloomberg Sports update, and
for that we bring in John Stashauer.
Thanks Darren. The Seattle Manners are heading to the postseason
and as baseball's hottest team. They rallied past Colorado four
to three, Josh Naylor a three run double in the
eighth inning. They'd won fifteen of their last sixteen the
Yankees with a walk off winn over. The White Sox
also clinched the playoff. Birth coaching change at Oklahoma State,
Mike Gundy out he'd been the Cowboys coach the last
twenty one seasons. A quarterback change on the Giants, Russell
Wilson heads to the bench. Rookie Jackson Dart makes the start.
On Sunday, That's your Bloomberg Sports Update.
Stay with us. More from Bloomberg day Break coming up
after this.
On Bloomberg Radio nationwide on Sirius XM, and around the
world on Bloomberg dot Com and the Bloomberg Business app.
This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager. Jimmy Kimmel Live was live
once again last night on most ABC stations, in his
first show since Disney pulled him off the air over
comments about Charlie Kirk. Kimmel said he never intended to
make light of the conservative activist Burger, and he made
a point about free speech.
This show is not important. What is important is that
we get to live in a country that allows us
to have a.
Show like this.
That was Jimmy Kimmel in his first monologue since his suspension.
For more were joined by Bloomberg's Jill Desis and Joe
Really was an emotional return for Jimmy Kimmel to the
air really speaks to the stakes for him with the
future of his show not really of one hundred percent clear.
Good morning, Yes, Good morning, Nathan. Yeah. I mean, this
is a story that honestly still seems far from over.
You did have this very apologetic, conciliatory tone out of
Jimmykiml last night, but then you also do have some
of these concerns about whether or not he actually will
have this show in the long run, right, I mean,
while he was on air, he was not on air
for a significant number of broadcasters, particularly those run by
Saint Clair and Nexstar. Remember these are broadcasters that really
were kind of behind some of that initial push to
pull him from their airwaves in the first one. They
operate dozens of ABC affiliates, including in very large markets
like Seattle and Washington, d C. And you know, look,
Jimmy Kimmel made a point during his show of talking
about some of those free speech concerns. It also bring
up the fact that, as we were discussing earlier on
this program, Trump put out that statement talking about you know,
the idea of going after ABC said quote, last time
I went after them, they gave me sixteen million dollars,
you know, I believe he's referring to a defamation suit
that said Disney paid to settle in the case involving
one of their anchors, George Stephanopoulos, and kind of shows that,
you know, I mean, Trump is certainly willing to, you know,
go after certain types of speech, are other things that
he sort of seemed unacceptable in the courts, and so
you kind of wonder where exactly something like this goes
if the SEC continues to be involved. But yeah, I mean, certainly,
I don't think that the story is quite over yet.
Yeah.
Interesting to see that focus from the president following what
was a pretty multi layered visit to the UN General
Assembly yesterday, particularly what the Ukrainian President Voladimir Zelenski is
calling a pretty big shift when it comes to the
president's position on the war.
Well, it is a very big shift. I mean, I
think really notably, what you heard from the President of
the United States, who is in the past, just over
the past couple of months, said that, you know, perhaps
Ukraine should make some territorial concessions in Russia's war on
the country. Now he kind of took a completely different
tone here. I mean, he's talking about how potentially, you know,
with the support of the European Union, Ukraine is positioned
not only to fight back, but also to reclaim all
of the territory taken by Russi since it's invasion in
twenty twenty two. I think what this really does speak
too is the fact that, you know, ending Russia's war
in Ukraine was something that Trump had made a campaign promise,
something that he said that he wanted to get done
day one in office. He's obviously been very frustrated with
Vladimir Putin, increasingly frustrated with Russia over the past few months,
and now you've got him saying this. I do think
one thing that hasn't particularly changed about Trump's stance on
this war is that he is really pushing the EU
to take the front sort of seat here, maybe not
providing any sort of you know, boots on the ground
by the US, but really sort of pushing the EU
to get involved here. But I do think that those
particular notes, that territorial note involving Ukraine was a really
really interesting shift from the president here.
And in just thirty seconds, Jill, what about European Union support?
Does it look like they're behind what the President is
saying when it comes to boosting their level of support.
Well, I mean, I think that what we've seen over
the past several months is that you do see, you know,
them kind of come to the table a little bit more.
I mean, certainly Trump has kind of been banging this Trump.
I mean, you know how exactly this all ends up resulting,
I think obviously still remains me seen. I mean, it's
just a couple of weeks ago. You know, Trump was
hoping that something would end soon. I'm not sure that
we're quite there yet.
This is Bloomberg day Break, your morning podcast on the
stories making news from Wall Street to Washington and beyond.
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Plus listen coast to coast on the Bloomberg Business app.
Now with Apple CarPlay and Android atto interfaces.
And don't forget to subscribe to Bloomberg News Now. It's
the latest news, whenever you want it in five minutes
or less. Search Bloomberg News Now and your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
And I'm Nathan Hager. Join us again tomorrow morning for
all the news you need to start your day, right
here on Bloomberg Daybreak