Bloomberg News Now: Disney, Nvidia-OpenAI Deal, Interest Rates, UN Assembly

Market Wrap and Disney's Decision

• 📈 Wall Street stocks saw a lift, with the S&P 500 gaining 29 points, NASDAQ up 158, and the Dow increasing by 66 points.
• 📺 Walt Disney is bringing Jimmy Kimmel Live back to air after a suspension, following calls about insensitive remarks.
• 🤝 Kimmel reportedly negotiated his return directly with Disney CEO Bob Iger, amid pressure from FCC Chairman Brendan Carr.

Nvidia and OpenAI Partnership

• 💰 Nvidia plans to invest up to $100 billion in OpenAI to support new data centers and AI infrastructure.
• 🚀 OpenAI CEO Sam Altman stated this investment is critical for delivering desired services and driving model improvements.
• 📊 Nvidia shares saw a gain of approximately 4% in regular trading following the announcement.

Interest Rate Discussions

• 📉 Fed Governor Stephen Myron advocated for aggressive interest rate cuts, arguing the neutral rate has fallen and current rates are too high.
• ⚠️ Cleveland Fed President Beth Amick cautioned against premature rate cuts, emphasizing the need to remain restrictive to control inflation.
• 🏦 St. Louis Fed President Alberto Musallam supported recent rate reductions as insurance against a weakening labor market and would back further cuts if needed.

US Immigration Policy and UN Assembly

• 🩺 Doctors may be exempt from H-1B visa fees, a change proposed after the Trump administration's $100,000 fee announcement, to address doctor shortages.
• 🗣️ Pennsylvania Governor Josh Shapiro criticized President Trump's immigration and tariff policies for harming the US economy and workers.
• 🌍 Over 150 world leaders are gathering in New York for the UN General Assembly, with heightened security due to recent events.
• 💸 The U.S. owes over $3 billion to the UN, with potential loss of voting rights if payments remain suspended.

Supreme Court and Agency Power

• ⚖️ The Supreme Court will consider expanding presidential power to shape independent agencies by reviewing a decision limiting the firing of board members.