ABC Suspends Jimmy Kimmel; Trump's UK Visit Shifts From Pomp to Politics

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'll have the latest details on President Donald Trump's
state visit to the UK in a moment. But we
begin this morning with a major move from Walt Disney.
It's ABC network is taking Jimmy Kimmel Live off the
air indefinitely. That's after the late night talk show host
comments about the killing of Republican activist Charlie Kirk. We
get the latest on that now with Bloomberg's John Tucker.
John and in his monologue Monday night, Kimmel accused Republicans
of using Charlie Kirk's death to criticize their opponents.
He had some new lows over the weekend with the
Magga Gang desperately trying to characterize this kid who murdered
Charlie Kirk as anything other than one of them, and
everything they can to score political points from it.
That true backlash. Next, Our Media group, which owns dozens
of ABCTV affiliates, said it would poll the show indefinitely
from its stations over the remarks that were offensive and insensitive.
Oh Nextdoor has business pending before the FCC, the broadcaster
seeking federal approval for a six point two billion dollar
agreement to acquire another local station owner. It is a
treacherous political climate for major media companies, and this is
just the latest example of the Trump administration pressuring them
to mine their talents on air remarks. In July, CBS
announced it its late night show, hosted by Stephen Colbert,
who's been a critic of Trump. At the time, its
Paramount Global was seeking FCC approval for its takeover by
Skydance Media. Disney gave no indication of when or if
Kimmel Show might return. On social media, President Trump praised
the move and said NBC should fire its late night hosts.
In New York. On John Tucker Bloomberg Radio, all.
Right, John, thank you. How we want to get to
the latest.
President Trump's trip to the UK has stayed visit now
turns from pomp to tougher diplomatic talks on trade and
foreign policy. Let's go to London and get the very
latest from Bloomberg Daybreak Europe anchor Caroline Hepgar, Good morning, Caroline.
Good morning, Karen. The British Government will surely be delighted
that the show stop a state banquet was such a
hit with President Donald Trump. The King's speech was warm
but true to the man and to British concerns. The
Monarch pressed the need to safeguard the environment, support Ukraine,
and to go even further on the recent UK US
trade deal. The President, for his part, lavish praise on
the war family, the shared history of the two countries.
Here is a moment from his speech at Saint George's
Hall in Windsor Castle.
This is surely one of the highest honors of my life.
Such to respect for you and such respect for your
country for many decades, his Majesty, the King is epitomized
the fortitude nobility of the British monarchy and the British people.
The President said, the word special doesn't do the relationship
between the UK and US justice. Does that mean any
concessions on security and trade? For the Prime Minister Kirs
Starmer at Checkers today, the government's guiding expectations low and
focused on pulling off a perilous joint press conference.
What are we expecting today at Checkers, Caroline.
Well, do the differences between the UK Government and the
US administration stay behind closed doors or emerge. The UK
has got a different view on Israel, wants support in
terms of Ukraine says that the UK's free speech is
as robust and not in doubt as ever before. So
will the press conference See pointed questions for President Trump
in connection to Jeffrey Epstein. The UK has also still
got to appoint a new ambassador to Washington for the moment.
Starmer is pointing to this record one hundred and fifty
billion pounds of investment from big US tech firms into
the UK that it will deliver seven six hundred jobs here.
Protests against Trump and Britain have been fairly muted. Now
we await President Trump in his more familiar setting, taking
questions in just a matter of hours. Is it fair
to say the UK is holding its breath?
WHI is it?
Well? We'll be watching, won't we Bloombergy daybreak? You're a baker,
Caroline hebgar, Thank you, of course, We'll be checking in
with you throughout the morning.
Thank Karen. While the President is in the UK appears
to have domestic politics in mind. He posted on truth
Social last night that he plans to designate Antifa a
major terrorist organization. The President also says he will strongly
recommend thorough investigations of groups that fund the organization. The
White House has promised to investigate what it calls left
wing extremism in the wake of Charlie Kirk's shooting death,
and TIFA is a loose collective of far left militant
group's authorities have not linked Kirk's killing directly to any
political organization.
Well on Capitol Hill, Nathan the House has killed a
resolution to censure Congressoman Ilanomer over her comments about the
conservative activists. The Democrat from Minnesota told a liberal podcaster
that Republicans praising Kirk for civil.
Debate were full of it.
Republican Congressoman Nancy Mays proposed the resolution that would have
stripped Omer of her committee assignments. For Republicans joined Democrats
in blocking it.
Turning to Wall Street, now, Karen futures are pointed higher,
a day after the Federal Reserve slashed interest rates for
the first time this year. The quarter point reduction came
after a significant slowdown in job growth and an unprecedented
pushed by the White House for much lower rates. Here's
Fed Chair Jay Powell.
You can think of this in a way as a
risk management cut because if you look at the SEP,
actually the projections for growth this year and next actually
ticked up just a little bit, and inflation and unemployment
didn't really move once.
So what's different now.
What's different now is that you see a very different
picture of the risks to the labor market.
The decision from J. Powell Company to cut rates a
quarter point was nearly unanimous. The loan descent came from
FED Governor Stephen Myron, who favored a larger reduction.
Well, Nathanis markets hover near record highs. Investors will get
a key earnings report to digest. Package delivery company FedEx
reports after the closing bill, and we get a preview
with Bloomberg's Tom Busby.
Despite some successful cost cutting, FedEx all continued weakness and
parcelshipping demand, and once again it's not likely to reinstate
a full year outlook. The main driver for that the
cancelation of the Dominimus exemption for lower price shipments out
of China, Hong Kong and other countries into the US,
which went into effect at the end of last month. Still,
Bloomberg consensus calls for revenue of twenty one point six
eight billion dollars on adjusted earnings per share of three
dollars sixty one cents. Tom Busby, Bloomberg Radio, our K,
Tom Thanks and other company news. Meta Platforms wants to
turn its smart glasses into a must have product that's
coming out now with a new model with the built
in screen. The social media giant is rebranding the product
AI Glasses with a price tag seven hundred and ninety
nine dollars. Meta CEO Mark Zuckerberg says he's bringing super
intelligence to consumer electronics.
This is going to be the most important technology in
our lifetimes. AI should serve people, not just be something
that sits in a data center automating large parts of society.
So we design our glasses to be able to empower
people with new capabilities as soon as they become possible.
Mark Zuckerberg spoke at Meta's annual event to showcase new technology.
The company hopes the new glasses will be a stepping
stone to full augmented reality glasses.
Time now for look at some of the other stories
making news in New York and around the world, And
for that we're joined by Bloomberg's and Monica Riggs Monica,
good morning.
Hey, Good morning, Karen. Democrats say Republicans are not communicating
right now. With just weeks to go to avert a
government shutdown, Senate Minority Leader Chuck Schumer, we have two weeks.
They should sit down and talk to us and we
maybe can get a good proposal, let's see. But when
they don't talk to us, there's no hope of getting
a good proposal, and that makes no sense.
Democrats released their version of a budget last night. Members
of the House Judiciary Committee grilled FBI Director Cash but
Tell for about five hours yesterday about increasing political violence,
as well as his handling of the Jeffrey Epstein files.
Florida Republican Byron Donald called out Democrats.
They had full access of the Epstein files under the
Biden administration.
They could have released all the information. Then they chose
not to.
He says they're just trying to win midterm votes. Investigators
have released more details now about the arrest of Tyler Robinson,
who's accused of killing Charlie Kirk last week in Utah.
Washington County Sheriff Nate Brooksby says Robinson wanted to surrender he.
Was fearful of the SWAT team hit on his house,
or he was fearful of being shot by law enforcement.
Robinson's now facing felony murder charges. Israel's military is now
pushing ahead with its offensive in Gaza's city by massive
protests in Jerusalem, it Hoel's Sun is still being held
hostage by Hummas.
I'm very worried about the war and the military pressure.
N Commas because my son is in there.
More than four hundred thousand civilians in Gaza have already
been evacuated, and Starbucks workers taking legal action now here
at home in three states over the coffee giants dress code.
This took effect back in May, but employees claim that
Starbucks refuses to reimburse them for having to buy new clothes.
Global News twenty four hours a day and whenever you
want it with Bloomberg News Now. I'm Monica Ricks, and
this is Bloomberg Karen Nathan.
Thanks Monica.
Time now for our Bloomberg Sports update, and for that
we bring in John Stashower.
Thanks Karon. The latest team to clinch a post scenes
in birth that Cubs they'll be at least a wildcard
of the National League. They'll be their first postseason since
twenty twenty. Seattle lost at Kansas City seven to five,
and the Mariners ten game winning stream Acon in Houston
beat Texas five to two. The Astros moved back into
first place by a half game. The NFL game tonight
is Miami in Buffalo, where the Dolphins have lost fifty
to the last seventeen. The forty nine Ers dy quarterback
Brock Party may play Sunday. He missed last week with
injuries to his toe and shoulder. That's the Bloomberg Sports Update.
Stay with us. More from Bloomberg day Break coming up after.
This Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager. President Donald Trump and King
Charles the Third highlighted the unique bond between the US
and the United Kingdom during a lavish dinner at Windsor
Castle last night. As the President's second state visit to
the UK continues, the King is suggesting that bond could
be pointed at global challenges.
As tyranny once again stressed as Europe, we and our
allies stand together in support of Ukraine to the terror
aggression and secure peace.
King Charles speaking at the state dinner for President Trump
last night. This morning, we were joined back at Windsor
Castle by Bloomberg's Lizzie Burden. Some very interesting comments there
from his Majesty Lizzie, what kind of influence is the
King trying to have over this state visit? As the
focus turns from the pomp to the politics today, Good morning, Yeah, you.
Heard the King.
They're emphasizing, Nathan, the need to defend both Ukraine and
also the environment. He said, we are kin. He noted
that British soil makes for nice golf courses, so turning
on the charm and the President nodding along the whole way.
Even if these comments hit on the fault lines between
the US and the UK right now, even if it's
a meal that's really designed to curry favor with the President,
it's notable because the monarch is traditionally restrained. But King Charles,
as we know, is different to his mother, the late
Queen Elizabeth. He is more confident in speaking his own mind,
stepping into politics. But around the table. It wasn't just
the royals and the President and First Lady. You also
had some of the biggest names of Silicon Valley and
Wall Street, the likes of Apple's Tim Cook notably back
in the Bold City groups. Jane Brazier notably absent though
was a UK ambassador to Washington. Peter Mandelson of course
forced to depart over his links to Jeffrey Epstein. That
could be an awkward subject for the press conference later today.
And as we get set for that press conference, what
are we expecting now with the presidents set to go
from Windsor over to Prime Minister Starmer's country of stated checkers.
Yeah, the focus turning from pageantry to business and politics.
In terms of business arm as he's saying that a
record one hundred and fifty billion pounds that's about two
hundred and five billion dollars I think of investment into
the UK is going to be unveiled across the whole visit.
So the lion's share of that coming from Blackstone. It'll
create seven six hundred jobs here at a time when
Britain really needs the economic growth and it isn't just
a one way street. The UK also investing in the
US twenty two billion pounds from GSK into US. Farmer
also commitments from the likes of BP and SAGE. But
when it comes to politics, Starmer looking to press Trump
on both trade to improve the trade deal and Ukraine.
We're not expecting any major breakthrough, Nathan. But what he
isn't likely to raise is the Middle East. The Times
of London reporting overnight that Starmer is going to formally
recognize Palestine as a state this weekend, so after Trump's gone,
but it'll come ahead of that You and General Assembly
meeting in New York next week, and clearly the idea
is to try and avoid a diplomatic incident, but again
it could dominate that press conference later on today.
Only thirty seconds left, Lizzie. So are we expecting any
concessions when it comes to trade from the President.
Well, it looks like Starmer has already given up on
many of the things that he would like to have
negotiated this time. Steal tariffs for example, he's accepting at
twenty five percent for now. It doesn't look like there'll
be concessions when it comes to tariffs on Scotch whiskey.
So we've yet to see what the President was referring
to when he said that there's room to negotiate when
he was speaking to reporters before he boarded Air Force one.
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