Kirk Suspect Held Without Bail, New Nasdaq High, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
at Kalengi. The man accused of killing conservative activist Charlie Kirk,
identified as Tyler Robinson, was arrested on suspicion of murder
and weapons offenses. Robinson is being held in County jail
in Utah without bail. He was arrested by law enforcement
after a family member alerted authorities that he had confessed

(00:22):
or at least implied involvement in the killing. Utah Governor
Spencer Cox said, in the light of the killing of Kirk,
We've come to a crossroads. This is our moment. Do
we escalate or do we find it out?

Speaker 2 (00:33):
And again it's a choice.

Speaker 1 (00:36):
No formal charges have been filed against Robinson, but authorities
in Utah say they intend to file them early next week.
Nasdaq climb to another record, while the S and P
five hundred index ended the week just shy of a
new high. We get more from Bloomberg's Charlie Pellett.

Speaker 2 (00:50):
A strong week on Wall Street ended on a quiet note.
Stalks held near all time high's bonds fell as consumer
data did little to Walter Betts that the Fed will
cut rates in September, the IPO market kicked into high gear,
with deals raising over four billion dollars in the busiest
period since twenty twenty one, while a gauge of megacaps

(01:11):
jumped one point sixty five percent, led by Tesla, which
was up seven point four percent for the week. The
S and P was up one point six percent. The
Dalvias week up point nine percent. Now Stack up two
percent in New York Charlie Pellet Bloomberg Radio.

Speaker 1 (01:27):
Tesla recently unveiled a new pay package for Elon Musk
that could see him gain more than a trillion dollars
in stock options. Tesla Board of Directors chair Robin Denholm says,
the board stands behind Musk.

Speaker 3 (01:39):
We believe that Elon is the right CEO for Tesla
over this transformative period of time, and our view is
he's a generational leader. There aren't any other people out
there like Elon who can actually lead the company over
this next decade or so.

Speaker 1 (01:57):
You can hear the entire interview with Tesla board cheer
Robin Denholm on the Bloomberg Talks podcast. Black Rock executive
Rick Reader is rising up the list of contenders to
service the next chair of the Federal Reserve after Jerome
Powell's term expires in May. This, according to an administration official.
In a wide ranging interview that lasted for two hours Friday,
a New York Treasury Secretary Scott Bessant and reader discussed

(02:18):
monetary policy, the Fed's organizational structure, and regulatory policy. Bessant
has so far interviewed four of the eleven candidates publicly
named as under consideration for the top central bank job.
President Trump says he plans to deploy the National Guard
to Memphis, and the latest escalation of his administration's efforts
to crack down on what it casts as rampant crime

(02:39):
in democratic run cities. Trump said Friday morning in an
interview with Fox News, We're going to Memphis, adding that
the city was deeply troubled. The President said the deployment
would include National Guard and anyone else we need. Hours
after he spoke, Tennessee Governor Bill Lee said the comprehensive
MISSI would encompass the National Guard, FBI, State Highway Patrol,
Memphis Police, and other law enforcement agencies. Boeing Saint Louis

(03:03):
area defense workers will remain on strike after they rejected
a third contract offer from management, extending a month old
clash that has complicated the US planemaker's turnaround. Vaccine maker's
shares fell after a report that Trump health officials plan
to link COVID shots to the deaths of around two
dozen children, and a presentation to advisors to the Centers

(03:23):
for Disease Control and Prevention next week. The Washington Post
reported Friday that a group of health officials appear to
have used the vaccine Adverse Event Reporting system to tie
the deaths of twenty five children to COVID vaccines. A
high profile advisory committee that Kennedy revamped to include vaccine
critics is scheduled to discuss the shots from companies including Pfiser, Moderna,

(03:44):
and BioNTech at its meeting next week. Moderna shares closed
down over seven percent Friday. Pfizer shares fell just underd
four percent. BioNTech US traded shares closed down over seven percent.
Bank of America is shaking up its senior ranks with
moves that narrow the slate of leaders who could want
one day succeed longtime chief executive officer Brian moynihan. The
company named Dean Athanasia and Jim Demayer co presidents reporting

(04:07):
to moynihan directly. Alistair Borthwick will continue as chief financial Officer,
while adding the title of Executive vice president. The Friday
number is on Wall Street the down it lost two
seventy three, as that K ninety eight. The S and
P dropped three. The ten year Treasury yield at four
point zero six percent, and the two year yield is
at three point five six percent. The institutions are longtime frenemies,

(04:29):
and Trump could complicate their relationship even further. What would
a new Treasury Fed accord look like? You can read
all about it in Bloomberg's weekend edition, exploring the places
where finance, life and culture meet on Bloomberg dot Com
in the Bloomberg Business app. That's news when you want
it with Bloomberg News. Now I'm in Kleggy. This is
Bloomberg