Karen Moskow on Bloomberg Daybreak: US Edition
The European Union and Gulf Cooperation Council are expected to postpone their October 24 summit in Riyadh after Yemen’s Houthis attacked Saudi Arabia. Gulf officials told European counterparts that security concerns could delay the meeting, which was intended to address energy and trade.Nathan Hager on Bloomberg Daybreak: US Edition
The global artificial-intelligence stock sell-off intensified, with South Korean stocks falling nearly 8% and triggering a temporary trading halt. Samsung Electronics and SK Hynix each dropped more than 9%, while the SOX semiconductor index fell 4.3% and stood 20% below its June peak.Nathan Hager on Bloomberg Daybreak: US Edition
Ukrainian President Volodymyr Zelenskyy said Ukraine is resuming attacks on Russian oil refineries after feeling betrayed by President Donald Trump. In an interview with the Financial Times, Zelenskyy said Ukraine would respond to Russian attacks as he traveled to Brussels for talks with European Union leaders.Nathan Hager on Bloomberg Daybreak: US Edition
Ukraine President Volodymyr Zelenskyy said Ukraine plans to resume strikes on Russian oil refineries despite President Donald Trump’s request to stop. Zelenskyy accused Trump and SpaceX CEO Elon Musk of limiting Ukraine’s satellite access, while Musk said the U.S. military and president decide Starlink restrictions.Ukraine’s Starlink satellite-internet services were operating normally again after running more slowly the previous day and hampering efforts to detect and repel Russian air attacks. There was no resolution over whether Elon Musk or the U.S. administration controlled the earlier throttling of the military-related Starshield service.Nathan Hager on Bloomberg Daybreak: US Edition
Taiwan Semiconductor Manufacturing forecast current-quarter sales of as much as $54.3 billion, exceeding analyst estimates. The company’s quarterly profit rose 69%, countering concerns about the sustainability of the global artificial-intelligence build-out.Karen Moskow on Bloomberg Daybreak: US Edition
President Donald Trump held rallies in Bullhead City, Arizona, and Kalispell, Montana, less than three weeks before the midterm elections. Trump said negative coverage of the war with Iran and a leak about strike plans led him to reschedule an operation, and called for leakers to be jailed and shot.Michael Barr on Bloomberg Daybreak: US Edition
Federal authorities investigating Representative Ilhan Omar seized the Minnesota Democrat’s phone and issued more than a dozen grand-jury subpoenas, including to relatives, according to the Associated Press. The investigation concerns potential fraud in Omar’s immigration paperwork, and authorities searched her Washington, DC home on Monday.Karen Moskow on Bloomberg Daybreak: US Edition
AI company Anthropic told prospective investors that third-quarter revenue reached $16.8 billion and that it was profitable on an adjusted basis. Anthropic is pursuing an initial public offering and could formally market it as soon as the week of November 9, while NVIDIA CEO Jensen Huang called its results real.Brian Moynihan on Bloomberg Daybreak: US Edition
Bank of America Chairman and CEO Brian Moynihan said the bank is carrying out remediation tied to a cease-and-desist order and a $1.2 billion Treasury penalty, which it is paying. Moynihan also said Bank of America plans to spend $300 million to $500 million on AI initiatives this year.Karen Moskow on Bloomberg Daybreak: US Edition
OpenAI agreed not to use trade secrets that Apple alleges were stolen by employees who left Apple for OpenAI. The agreement requires OpenAI to collect forensic images of potentially affected devices, and U.S. District Judge Edward Davila can enforce the restrictions.Jamie Dimon on Bloomberg Daybreak: US Edition
JPMorgan Chase CEO Jamie Dimon said geopolitics is reshaping the U.S. and global economies, citing Ukraine, wars, Iran, the Middle East, China relations, and global deficits. Speaking in Chicago, Dimon said the environment is different but cautioned that economic cycles remain difficult to predict.Jon Stashower on Bloomberg Daybreak: US Edition
Milwaukee beat the Los Angeles Dodgers 6-2 in Game 3 of the NLCS in Los Angeles, moving within one win of its first World Series appearance since 1982. Jackson Chourio homered on the first pitch, and Jake Bowers hit a go-ahead two-run homer in the seventh inning.