News when you want it with Bloomberg News Now, I'm at Kalengi. 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 or at least implied involvement in the killing. Utah Governor Spencer Cox said, in the light of the killing of Kirk,
We've come to a crossroads. This is our moment. Do we escalate or do we find it out?
And again it's a choice.
No formal charges have been filed against Robinson, but authorities in Utah say they intend to file them early next week. Nasdaq climb to another record, while the S and P five hundred index ended the week just shy of a new high. We get more from Bloomberg's Charlie Pellett.
A strong week on Wall Street ended on a quiet note. Stalks held near all time high's bonds fell as consumer data did little to Walter Betts that the Fed will cut rates in September, the IPO market kicked into high gear, with deals raising over four billion dollars in the busiest period since twenty twenty one, while a gauge of megacaps jumped one point sixty five percent, led by Tesla, which was up seven point four percent for the week. The S and P was up one point six percent. The
Dalvias week up point nine percent. Now Stack up two percent in New York Charlie Pellet Bloomberg Radio.
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.
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.
You can hear the entire interview with Tesla board cheer Robin Denholm on the Bloomberg Talks podcast. Black Rock executive Rick Reader is rising up the list of contenders to service 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 two hours Friday, a 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, and the latest escalation of his administration's efforts to crack down on what it casts as rampant crime in democratic run cities. Trump said Friday morning in an interview with Fox News, We're going to Memphis, adding that
the city was deeply troubled. The President said the deployment would include National Guard and anyone else we need. Hours after he spoke, Tennessee Governor Bill Lee said the comprehensive MISSI would encompass the National Guard, FBI, State Highway Patrol, Memphis Police, and other law enforcement agencies. Boeing Saint Louis area defense workers will remain on strike after they rejected a third contract offer from management, extending a month old
clash that has complicated the US planemaker's turnaround. Vaccine maker's shares fell after a report that Trump health officials plan to link COVID shots to the deaths of around two dozen children, and a presentation to advisors to the Centers for Disease Control and Prevention next week. The Washington Post reported Friday that a group of health officials appear to have used the vaccine Adverse Event Reporting system to tie
the deaths of twenty five children to COVID vaccines. A high profile advisory committee that Kennedy revamped to include vaccine critics is scheduled to discuss the shots from companies including Pfiser, Moderna, and BioNTech at its meeting next week. Moderna shares closed down over seven percent Friday. Pfizer shares fell just underd four percent. BioNTech US traded shares closed down over seven percent.
Bank of America is shaking up its senior ranks with moves that narrow the slate of leaders who could want one day succeed longtime chief executive officer Brian moynihan. The company named Dean Athanasia and Jim Demayer co presidents reporting to moynihan directly. Alistair Borthwick will continue as chief financial Officer, while adding the title of Executive vice president. The Friday number is on Wall Street the down it lost two seventy three, as that K ninety eight. The S and
P dropped three. The ten year Treasury yield at four point zero six percent, and the two year yield is at three point five six percent. The institutions are longtime frenemies, and Trump could complicate their relationship even further. What would a new Treasury Fed accord look like? You can read all about it in Bloomberg's weekend edition, exploring the places where finance, life and culture meet on Bloomberg dot Com in the Bloomberg Business app. That's news when you want
it with Bloomberg News. Now I'm in Kleggy. This is Bloomberg