September 10, 2025 • 4 mins
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Speaker 1 (00:01):
News when you wanted with Bloomberg News Now, I'm Doug Chrisner.
Conservative activist Charlie Kirk is dead after being shot while
speaking at an outdoor event earlier today at Utah Valley University.
Kirk was the executive director of Turning Point USA. Here
is President Trump speaking in a video message earlier on
Truth Social.
Speaker 2 (00:21):
Charlie was also a man of deep, deep faith, and
we take comfort in the knowledge that he is now
at peace with God in heaven. Our prayers are with
his wife, Erica, the two young beloved children, and his
entire family who he loved more than anything in the world.
(00:42):
We ask God to watch over them in this terrible
hour of heartache and pain.
Speaker 1 (00:47):
That was President Trump speaking there. The President has ordered
American flags to be lowered to half staff until Sunday evening.
Charlie Kirk was thirty one years old. Meantime, the search
is underway for Kirk's killer. The FBI says a person
of interest in the killing has been released after being
interrogated by law enforcement tonight. In a post on x,
(01:08):
FBI director Cash Bettel said the investigation will continue and
the FBI will continue to release information in the interest
of transparency.
Speaker 3 (01:17):
We go to.
Speaker 1 (01:18):
Mexico next, where the government will raise tariffs on Chinese
vehicles and other goods to fifty percent. This increase will
target unfair pricing and it's part of a broader push
to protect Mexican industries. Mexico's Economy minister said the new
measures will apply to countries without trade agreements with Mexico.
That would include India and Turkey. Here is Bloomberg's Maya Averbuck.
Speaker 4 (01:42):
This tariff is going to apply to all of those
countries with which Mexico doesn't have a trade agreement, right,
so that excludes the US, it excludes Canada, but it
also is going to apply to South Korea, to India
and many other countries around the world. China has become
a part particular focus because of steel, autos and also
(02:04):
goods such as textiles and furniture that come from there
into Mexico.
Speaker 1 (02:09):
That is Bloomberg's Maya Averbuck. Incidentally, these changes will align
with rules from the World Trade Organization. The Department of
Justice is reportedly investigating allegations of fraud at Tricolor Holdings.
The company is a used car seller and provider of
subprime loans that focus on undocumented migrants in the US Southwest. Today,
(02:31):
Tricolor collapsed into bankruptcy, and the Financial Times as reporting
the DOJ is now probing Tricolor over alleged irregularities related
to car loans. The Ft also says one area of
focus is whether Tricolor pledged the same collateral on multiple loans.
Hundreds of South Korean workers detained in a surprise raid
(02:53):
in Georgia over the weekend will be allowed to fly
home on Thursday. They were arrested at the construction site
of a Hunda battery plant. Earlier, the government of South
Korea said it reached a deal for voluntary departures to
avoid deportation bands. Today, during the regular session, shares an
Oracle jump thirty six percent after the company gave an
(03:14):
aggressive outlook for its cloud business. Here is Bloomberg's Caroline Hide.
Speaker 5 (03:19):
They do say that they'd won some other multi billion
dollar deals from other cloud compute needers. And this is
all about the pivot that Oracle made. This was a
data software company. It is now one of the impactful
compute providers in the United States. Basically, their growth rate
is probably bigger than Google right now, their backlog is
bigger than that of Google.
Speaker 1 (03:38):
That is Bloomberg's Caroline Hide. Financial markets will shift their
focus to Thursday mornings report on consumer prices. We have
a preview from Bloomberg's Charlie Pellett.
Speaker 3 (03:48):
Bloomberg Economics expects August core CPI to increase zero point
three percent, driven by discretionary services like airfares and hotels.
Nattie Lovell is senior US Equity strategistic UBS look.
Speaker 6 (04:02):
We expect consumer prices to show the similar trend that
we've seen over the last month, a trickling through of
some of the impact from towers, nothing meaningful, something probably
over thirty basis points month over month.
Speaker 3 (04:14):
Hot inflation print will raise the risk that the FOMC
is expected raycut next week will be the only cut
this year in New York. Charlie pet Bloomberg.
Speaker 1 (04:23):
Radio, and that is news when you want it with
Bloomberg News. Now, I'm Doug Chrisner, and this is Bloomberg
News when you wanted with Bloomberg News Now, I'm Doug Chrisner.
Conservative activist Charlie Kirk is dead after being shot while
speaking at an outdoor event earlier today at Utah Valley University.
Kirk was the executive director of Turning Point USA. Here
is President Trump speaking in a video message earlier on
Truth Social.
Speaker 2 (00:21):
Charlie was also a man of deep, deep faith, and
we take comfort in the knowledge that he is now
at peace with God in heaven. Our prayers are with
his wife, Erica, the two young beloved children, and his
entire family who he loved more than anything in the world.
(00:42):
We ask God to watch over them in this terrible
hour of heartache and pain.
Speaker 1 (00:47):
That was President Trump speaking there. The President has ordered
American flags to be lowered to half staff until Sunday evening.
Charlie Kirk was thirty one years old. Meantime, the search
is underway for Kirk's killer. The FBI says a person
of interest in the killing has been released after being
interrogated by law enforcement tonight. In a post on x,
(01:08):
FBI director Cash Bettel said the investigation will continue and
the FBI will continue to release information in the interest
of transparency.
Speaker 3 (01:17):
We go to.
Speaker 1 (01:18):
Mexico next, where the government will raise tariffs on Chinese
vehicles and other goods to fifty percent. This increase will
target unfair pricing and it's part of a broader push
to protect Mexican industries. Mexico's Economy minister said the new
measures will apply to countries without trade agreements with Mexico.
That would include India and Turkey. Here is Bloomberg's Maya Averbuck.
Speaker 4 (01:42):
This tariff is going to apply to all of those
countries with which Mexico doesn't have a trade agreement, right,
so that excludes the US, it excludes Canada, but it
also is going to apply to South Korea, to India
and many other countries around the world. China has become
a part particular focus because of steel, autos and also
(02:04):
goods such as textiles and furniture that come from there
into Mexico.
Speaker 1 (02:09):
That is Bloomberg's Maya Averbuck. Incidentally, these changes will align
with rules from the World Trade Organization. The Department of
Justice is reportedly investigating allegations of fraud at Tricolor Holdings.
The company is a used car seller and provider of
subprime loans that focus on undocumented migrants in the US Southwest. Today,
(02:31):
Tricolor collapsed into bankruptcy, and the Financial Times as reporting
the DOJ is now probing Tricolor over alleged irregularities related
to car loans. The Ft also says one area of
focus is whether Tricolor pledged the same collateral on multiple loans.
Hundreds of South Korean workers detained in a surprise raid
(02:53):
in Georgia over the weekend will be allowed to fly
home on Thursday. They were arrested at the construction site
of a Hunda battery plant. Earlier, the government of South
Korea said it reached a deal for voluntary departures to
avoid deportation bands. Today, during the regular session, shares an
Oracle jump thirty six percent after the company gave an
(03:14):
aggressive outlook for its cloud business. Here is Bloomberg's Caroline Hide.
Speaker 5 (03:19):
They do say that they'd won some other multi billion
dollar deals from other cloud compute needers. And this is
all about the pivot that Oracle made. This was a
data software company. It is now one of the impactful
compute providers in the United States. Basically, their growth rate
is probably bigger than Google right now, their backlog is
bigger than that of Google.
Speaker 1 (03:38):
That is Bloomberg's Caroline Hide. Financial markets will shift their
focus to Thursday mornings report on consumer prices. We have
a preview from Bloomberg's Charlie Pellett.
Speaker 3 (03:48):
Bloomberg Economics expects August core CPI to increase zero point
three percent, driven by discretionary services like airfares and hotels.
Nattie Lovell is senior US Equity strategistic UBS look.
Speaker 6 (04:02):
We expect consumer prices to show the similar trend that
we've seen over the last month, a trickling through of
some of the impact from towers, nothing meaningful, something probably
over thirty basis points month over month.
Speaker 3 (04:14):
Hot inflation print will raise the risk that the FOMC
is expected raycut next week will be the only cut
this year in New York. Charlie pet Bloomberg.
Speaker 1 (04:23):
Radio, and that is news when you want it with
Bloomberg News. Now, I'm Doug Chrisner, and this is Bloomberg
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