Good morning. Police hunt for the killer of Donald Trump ally Charlie Kirk. The $2000 iPhone era is nigh. And Formula 1 goes electric. Listen to the day’s top stories.
Market data may be delayed depending on provider agreements.
Donald Trump, left, shakes hands with Charlie Kirk after a discussion at the Generation Next forum in Washington in 2018. Photographer: Andrew Harrer/Bloomberg
Wednesday’s killing of Charlie Kirk, the conservative firebrand who helped clear the path for Donald Trump’s return to the White House, drew condemnation from across the political spectrum, including Democrats he frequently criticized. A manhunt is underway to find the shooter. Utah Governor Spencer Cox called it a “political assassination.”
Markets are on tenterhooks ahead of today’s US inflation data. A weaker-than-expected reading may prompt further bets on a 50 basis point Fed cut next week. Meanwhile, technology stocks are rising so far, so fast that some investors are starting to position for the move to lose momentum.
A flight to bring home hundreds of South Korean workers detained in Georgia last week is back on. President Trump agreed to Seoul’s demands that they not be handcuffed, and the US will consider creating a new visa category to prevent future problems, according to Yonhap News. President Lee Jae Myung warned the incident is unsettling Korean companies pouring billions into the US, where they’re playing an important role in building out the electric-vehicle battery supply chain.
Federal prosecutors are looking intoallegations of fraud by subprime auto lender Tricolor Holdings, which filed to liquidate in bankruptcy court yesterday. Hints of trouble emerged earlier in the week, when Fifth Third Bancorp said it had discovered alleged fraud at one of its clients. JPMorgan is also bracing for potential loan losses, people familiar said.
The Apple iPhone 17 Pro. Photographer: David Paul Morris/Bloomberg
Will people pay that? Apple has kept iPhone prices pretty much flat since 2017, but the $2,000 era may soon be upon us. This year’s iPhone 17 Pro Max’s 2TB, to be priced at $1,999, is expected to be followed in 2026 by its first foldable, and the upcoming “iPhone 20” anniversary edition could push prices even higher.
Bloomberg Green New York: Join us Sept. 25 for a solutions-focused look into a new era of climate action during Climate Week NYC. Following the 80th United Nations General Assembly, we’ll hear how top leaders in business, finance and government are approaching climate issues during times of geopolitical uncertainty. Learn more here.
Deep Dive: F1 Goes Electric
Formula E Gen3 race cars at the start of the Tokyo E-Prix in Tokyo, in March 2024. Photographer: Kiyoshi Ota/Bloomberg
But can it really go green? Bloomberg’s Akshat Rathi talked to Sylvain Filippi, co-founder and chief technology officer of Envision Racing, about why the world needs an electric racing series.
Epstein's inbox. For years, jailed socialite Ghislaine Maxwell has tried to distance herself from Jeffrey Epstein, but a trove of more than 18,000 emails obtained by Bloomberg News show they were closer than either publicly admitted. The UK just removed Peter Mandelson as ambassador to the US after fresh revelations about his ties to the deceased serial sex abuser were exposed in the cache.
Oracle’s sudden rally demands an investing rethink, Shuli Ren writes. The drastic melt-up also raises the uncomfortable question of whether sell-side analysts know how to value tech companies in the AI era.
