Good morning. The Federal Reserve’s Christopher Waller calls for an interest rate cut this month. Keir Starmer hints that the UK may join Germany in buying weapons for Ukraine. And Stephen Colbert’s Late Show will be cancelled in May next year. Listen to the day’s top stories.
US FederalReserve Governor Christopher Waller called for a quarter-point rate cut this month, given that inflation is near target and upside risks to price rises are limited. His remarks set him apart from most of his fellow policymakers, who characterize the employment landscape as solid.
In the UK, Prime Minister Keir Starmer hinted the UK may join Germany in purchasing weapons from the US to give to Ukraine, a person familiar said. The two leaders signed a new “Kensington Treaty” on Thursday, which includes commitments for the two nations to assist each other in case of armed attack.
US lawmakers called for limits on intel sharing with Spain because the European country relies on China’s Huawei Technologies to support its wiretap system.
President Donald Trump authorized the Justice Department to seek the release of grand jury testimony from the prosecution of Jeffrey Epstein, bowing to mounting pressure from his supporters for more transparency about the late, disgraced financier.
Mark Lee and Tom Gunter were hired for Meta’s Superintelligence Labs team. Lee has started at Meta after leaving Apple in recent days, while Gunter will begin work in the near future.
The moves are part of a scramble for AI talent across the tech industry. Meta, the owner of Facebook and Instagram, has been especially aggressive in its recruiting.
Meta CEO Mark Zuckerberg has made AI the company’s top priority, spending heavily on workers and data centers to try and keep pace with rivals like OpenAI and Google.
European stock market momentum isn’t a mirage, Marcus Ashworth writes. The region has outperformed the US for reasons beyond the weak dollar, including its own coordinated defense-led stimulus.
Stephen Colbert Photographer: CBS Photo Archive/CBS
Stephen Colbert’sLate Show will end in May 2026, marking the end of the franchise after a decade-long run. CBS cited financial reasons amid a challenging late-night landscape.
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