Consumer Confidence Plunges, AI in Focus, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Karen Moskow.
Why has U.S. consumer confidence fallen to its lowest level since 2014?
We want to begin with breaking economic news and a drop in consumer confidence which fell to the lowest since twenty fourteen. We get details with Bloomberg's Michael McKee.
Well, we're seeing what you'd expect to see with gas prices where they are and all the headlines about the economy and affordability. We're seeing consumer confidence continue to tank. This is the conference board survey. Comes in at 81.9 for September. That's down from a revised 88.6. Present situation, 109.3 down from 121.2, and expectations falls to 63. six from sixty eight point two.
And that's Bloomberg's Michael McKee. New S.
What do falling job openings signal about the U.S. labor market?
Job openings fell in August, suggesting employers grew more cautious about expanding their workforces toward the end of the summer. While layoffs remain low, available positions fell to 7.1 million from 7.3 million in July. That according to the Jolts Jobs report, this is the first in a string of reports looking at the labor market ahead of Friday's jobs numbers.
Why are AI leaders meeting with President Trump to discuss AI risks?
NVIDIA Chief Executive Jensen Huang, Anthropic Head Dario Amodei, and Palantir Technologies CEO Alex Karp are all expected to attend a lunch today with President Trump to discuss artificial intelligence risks.
Three news outlets that President Trump abruptly banished from White House grounds this month are asking a federal court to block the ban until the case is resolved. Lawyers for MS Now, CNN and Politico say the administration has persisted in unpredictably and inconsistently implementing its ban, despite a judge's restraining order, including selectively barring CNN from White House pool duties. US Secretary of Defense Pete Hegseth plans to cut twenty percent of the positions reserved for generals and admirals. This according to Fox News, which says Hegseth will announce the plan in a state of the force address tomorrow. Army, Navy, Air Force, and the military's joint pool were directed to execute the plans in full by january first.
What policies is UK Prime Minister Andy Burnham proposing on pensions and social care?
UK Prime Minister Andy Burnham delivering his first speech before the Labour Party conference in Liverpool today.
Everyone can see the position Britain is in. Everyone knows things are not working as they should. Everyone is talking about how life is too expensive. Everyone wants less drift and more direction. Today I answer that call. Hope. Hope. comes from honesty. And we will have hope again. But first, honesty.
And that's UK Prime Minister Andy Burnham, who said he would drop the UK's pensions triple lock to help fund a new national social care service, saying he was willing to pay a political price to fix a crucial issue. He also said the UK will create a commission to review its electoral system and a decision will be made on a long term relationship with the EU. Lindsay Clancy returning to court today for a hearing that could help decide whether she'll face a second trial for killing her three young children. It was Clancy's first return to the courthouse since her initial trial ended September fourth with a deadlocked jury.
Why did health and fitness company Oura delay its U.S. IPO?
Health and fitness ringmaker Aura became the latest company to delay a US initial public offering, citing uncertainty in the market for first time share sales. We get more with Bloomberg's Anthony Hughes.
Well Aura um had its own issues. I think that um people were worried that um Apple specifically might um take away their business. And obviously the it's a good company. The the numbers are very good now, but you know, people who've been in the op opio market for a while have had the experience of, you know, Pelotons and uh GoPros and Fitbits uh Fitbits and uh know that these these sort of um consumer hardware names can be um
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–0:29
2
Why has U.S. consumer confidence fallen to its lowest level since 2014?
0:29–1:09
3
What do falling job openings signal about the U.S. labor market?
1:09–1:29
4
Why are AI leaders meeting with President Trump to discuss AI risks?
1:29–2:39
5
What policies is UK Prime Minister Andy Burnham proposing on pensions and social care?
2:39–3:46
6
Why did health and fitness company Oura delay its U.S. IPO?
3:46–4:30
7
How are CarMax, OpenAI, and inflation concerns affecting markets?
4:30–6:24
Speakers
5 identifiedMore from Bloomberg News Now
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