Trump Defends Iran War, Apple's New Fitness Tracker, More

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What did President Trump say about going to war with Iran at the UN?

Caroline Hepker 0:00

AI is entering its most consequential phase where scale, safety, and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor Salesforce and supporting sponsors IDA Island and Schneider Electric. Learn more at BloombergLive.com slash. Slash Tech London.

Amy Morris 0:30

News when you want it with Bloomberg News Now, I'm Amy Morris. President Trump used his speech before the UN General Assembly to justify his decision to go to war with Iran, arguing that he's using American power in contrast to other leaders who only talk about it.

Donald Trump 0:52

Will a deal be made with Iran? that lets them rebuild and create a far greater country than it ever was before. Or do I annihilate the Islamic Republic? Do I drive them into hell with no chance of survival and no hope? But I believe we'll make a deal.

How are the new US military bases in Greenland being justified?

Amy Morris 1:13

Right after the election. President Trump also renewed threats against Cuba.

Donald Trump 1:17

Marco Rubio is handling a negotiation. He's deep into negotiations with Cuba. Let's see what happens. We'll not allow a haven for foreign adversaries to threaten America on our own doorstep.

Amy Morris 1:31

Members of the Cuban delegation walked out of the General Assembly Chamber as the President made those remarks. Trump also said the US will start building two very major military bases in Greenland now that a security deal with Denmark and Greenland has been signed. He says the agreement gives the US permanent control over security and all other needs on the territory. Danish Prime Minister Meta Fredrickson says the agreement is set to expand Washington's military role, but it will leave Greenland under Danish sovereignty. Outgoing UN Secretary General Antonio Guterres used his final speech as leader of the UN to warn the Assembly that global power is being reshaped in fundamental ways.

Unknown 2:11

We are witnessing an extraordinary transfer of power away from governments to a handful of private corporations and individuals.

Why did UN Secretary‑General Guterres call for AI regulation at the General Assembly?

Unknown 2:21

Their reach now extends across politics, economies, information flows, technological development, and the civic space on which societies depend.

Amy Morris 2:32

Guterres called for greater regulation of artificial intelligence. Anthropic CEO Dario Amade and OpenAI Chief Sam Altman plan to hold a virtual briefing with the UN Security Council tomorrow. Apple is developing a screenless health and fitness tracker similar to Whoops wrist-worn device. Part of an effort to rethink its smartwatch lineup and add new wearable technologies. The company's been exploring the category for for several months. It's now developing some prototypes. It's in a preliminary phase now. If Apple proceeds with a release, it probably won't debut before twenty twenty eight. SpaceX AI's Grokbot AI agent has topped 400,000 weekly users roughly a month after it launched. SpaceX AI positioned GrokBot as an enterprise tool, bundling it with different tiers of AI subscription plans.

What is Apple’s planned screen‑less health and fitness tracker and when might it launch?

Amy Morris 3:21

Saudi Arabia, in the early stages of starting up a key oil pipeline that has enabled Riyadh to bypass the Strait of Hormuz. Early estimates had the pipeline reopening in three to five years. Weeks. Bloomberg Commodity Strategist Mike McGlone.

Mike McGlone 3:35

We have a significant growing surplus in the US with Canada. We're approaching eight or almost nine million barrels a day of crude and liquid fuel surpluses for next year. At the same time we see rolling over and decreasing demand from the world's largest demand source, China. So this is all a setup I think for I think we've reached that high price cure.

Amy Morris 3:53

Bloomberg Commodity Strategist Mike McLawn and WTI crude oil now at $96 a barrel. Brent crude just shy of $100 a barrel. We do check markets for you all day long here at Bloomberg. The S P five hundred is flat.

How is SpaceX’s Grokbot AI gaining traction as an enterprise tool?

Amy Morris 4:06

Nasdaq up three tenths of a percent. The Dow down four tenths of a percent. The ten-year treasury yield at four point nine seven percent, and the two-year yield at four point seven six percent.

Amy Morris 4:26

The administration is also suspending some brokers who sell Affordable Care Act coverage, accusing them of being responsible for thousands of fraudulent enrollees.