September 12, 2025: Charlie Kirk Suspect Held Without Bail, B of A Executive Shuffle, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I
met Kleggy. 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

(00:24):
or at least implied involvement in the killing. Utah Governor
Spencer Cock set in light of the killing of Kirk,
We've come to a crossroads.

Speaker 2 (00:32):
This is our moment. Do we escalate or do we
find an off ramp, And again, it's a choice.

Speaker 1 (00:41):
Utah Attorney General Derek Brown spoke with Joe Matthew on
Balance of Power and talked about the coordination leading to
the arrest of Robinson.

Speaker 2 (00:49):
Well, look, we are relieved. Yes, we do have the
suspect in custody. But I think what's most important is
there was a level of cooperation and coordination among law
enforcement officials that I've I've never seen and this is
a model for how it should be done, not just
in Utah, but across the nation.

Speaker 1 (01:06):
No formal charges have been filed against Robinson, but authorities
in Utah said they intend to file them early next week.
Bank of America is shaking up at senior ranks with
moves that narrow the slate of leaders who could one
day succeed longtime Chief Executive officer Brian moynihan. The company
named Dean Athanasia and Jim Demayer co presidents, reporting to

(01:26):
Mornihan directly. Alistair Borthwick will continue as Chief financial Officer
while adding the title of executive vice president. Nasdak climbed
to another record Friday, while the S and P five
hundred index ended the week just sh I have a
new high. We get more from Bloomberg's Charlie Pellett.

Speaker 3 (01:43):
A strong week on Wall Street ended on a quiet note.
Stalks held near all time highs bonds fell as consumer
data did little to Walter Betts of the Fed will
cut rates. In September. The IPO market kicked into high gear,
with deals raising over four billion dollars, is in the
busiest period since twenty twenty one, while a gauge of
megacaps jumped one point sixty five percent, led by Tesla,

(02:07):
which was up seven point four percent for the week,
the SMP was up one point six percent, the Dalvias
week up point nine percent. Now Stack up two percent
in New York Charlie Pellett Bloomberg Radio.

Speaker 1 (02:20):
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 4 (02:33):
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 (02:50):
You can hear the entire interview with Tesla board chair
Robin Denholm on the Bloomberg Talks podcast. Black Rock executive
Rick Reader is rising up the list of contenders to
serve as 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

(03:11):
two hours on Friday in New York, Treasury Secretary Scott
Bessant and Reader discussed 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, in his latest escalation

(03:34):
of his administration's efforts to crack down on what it
casts as rapid crime in democratic run cities. Trump said
Friday morning in an interview with Fox News, We're going
to Memphis, adding the city was deeply troubled. The President
said the deployment would include National Guard and anyone else
we need. Hours after he spoke, Texas Governor Bill Lee
said the comprehensive mission would encompass the National Guard, FBI,

(03:58):
State Highway Patrol, Memphis polities, and other law enforcement agencies.
A US Immigration and Customs enforcement officer fatally shot a
suspect who tried to evade arrest Friday in a Chicago
suburb by driving his car at officers and dragging one
of them. The shooting just outside the city follows days
of threats by the Trump administration to surge immigration enforcement

(04:21):
in the nation's third largest city, and less than a
week into an operation labeled Midway Blitz by federal officials
targeting the so called sanctuary policies in Chicago and Illinois.
The Friday numbers on Wall Street the Dell lost two
seventy three as that gained ninety eight. The S and
P dropped three. The ten year treasurer yields at four
point zero six percent, the two year yield at three

(04:43):
point five six percent. That's news when you want it
with Bloomberg News now, I'm Ad Klegy. This is Bloomberg