Good morning. Apple and Amazon are lifting the big tech mood again. Netflix is eying a blockbuster move in Hollywood. And ahead of Sunday’s New York Marathon , find out how bankers are splurging to chase a sub-three-hour finish. Listen to the day’s top stories.

— Hellmuth Tromm

Apple is predicting a blockbuster holiday season even as China sales hit a speed bump. Tim Cook says the slowdown is only temporary, predicting the iPhone 17, off to a faster start than usual, will propel growth in the world’s No. 1 smartphone arena. Strong earnings from Apple and Amazon lifted investor sentiment after a brief halt in the global rally. Meanwhile, perhaps giving some pause for thought, ‘Big Short’ investor Michael Burry sent a cryptic “sometimes, we see bubbles” warning on X. 

House of streams. Netflix is eyeing a bid for Warner Bros. Discovery’s studio and streaming businesses, Reuters reported. Bloomberg News earlier reported that Netflix and Comcast, which has been cagey about its acquisitions strategy, are weighing offers for parts of the company. Warner Bros CEO David Zaslav told staff in a town hall that the board would need a higher bid to justify a sale.

The only Fiserv bear in a room full of bulls is just 26. Dominic Ball, an analyst at Rothschild & Co Redburn, slapped a sell-rating on the fintech back in April, way before a selloff wiped out $30 billion. While Fiserv’s new leadership has outlined a fresh strategy, Ball doesn’t see a quick comeback. Former CEO Frank Bisignano, meanwhile, got out just in time—avoiding about $300 million in losses by selling his stake before taking a government role.

The government may be shut down, but AI is keeping the lights on. Economists say the tech boom is keeping the US economy humming, powering investment from data centers to Wall Street. The AI frenzy is so intense that even a haunted house owner wants in. Trump, meanwhile, is pressuring GOP leaders to ditch the Senate filibuster to help break the stalemate.

As for Trump, it’s been a while since he openly mused about taking over Greenland. For Denmark’s army, the real concern isn’t him, it’s Russia. Still, Denmark has also been ramping up investment on Greenland’s infrastructure, while the island itself is courting closer ties with the EU to keep Trump at bay. 

Maria Corina Machado in Caracas in 2024. Source: Gaby Oraa/Bloomberg

María Corina Machado, the latest Nobel Peace Prize recipient, has a clear message for Venezuela’s authoritarian leader Nicolás Maduro: It’s time to go.

• Maduro won’t listen to reason, she said on Bloomberg’s The Mishal Husain Show, and must receive a blunter message—even one that carries the threat of US military intervention.
• The Venezuelan president appears rattled by the country’s top opposition leader, and one ally urged the courts to strip Machado and other dissidents of their Venezuelan citizenship for “not loving’’ the country .
• Trump further escalated his “maximum pressure” campaign against the socialist government just a week ago, with Defense Secretary Pete Hegseth ordering the Gerald R. Ford Carrier Strike Group to the region.
• The US has also stepped up military engagement elsewhere in the region, destroying four “narco” boats in the eastern Pacific this week in a raid that killed 14 people.

The Big Take

As investigators followed Jeffrey Epstein's money in 2007, his elite team of attorneys waged an aggressive battle to stop them. A cache of private emails obtained by Bloomberg News reveals details of the fight.

Opinion

Living the high life. Photographer: Joe Buglewicz/Bloomberg

With the stock market booming and the labor market lagging, housing inequality will get worse before it gets better, Conor Sen writes. As builders cater to wealthier buyers, entry-level construction will slow—widening the gap for now but eventually freeing up older homes as owners trade up.

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Before You Go

Runners compete in the Men's division during the 52nd Edition of the New York City Marathon. Photographer: Angela Weiss/AFP/Getty Images

Wall Street on the run. Bragging rights aren’t just about bonuses anymore—they’re about marathon times. Bankers and fund managers are splurging on supershoes, altitude tents and elite coaches in a battle to outpace their peers.

Bloomberg Green at COP30: Climate action takes center stage on Nov. 4, when Bloomberg Green comes to São Paulo, uniting leaders from business, finance, government, academia and NGOs. Ahead of COP30 in Brazil, they’ll engage in bold conversations on how to turn climate goals into real solutions. Learn more here.

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