Good morning. Donald Trump’s supporters flock to Manhattan and cheer incendiary remarks against Kamala Harris and minority groups. Oil slumps after Israel limited its strikes on Iran. And Shohei Ohtani is OK for Game 3 tonight. Listen to the day’s top stories.

Tony Hinchcliffe speaks at Madison Square Garden. Photographer: Angela Weiss/AFP

The last full week of campaigning is here. Donald Trump and his supporters used a rally in Madison Square Garden to launch a full-throated attack on Democrats. One speaker labeled Puerto Rico a “floating island of garbage,” prompting rapper Bad Bunny to signal his support for Harris to his 45 million Instagram followers. Elon Musk was there too, and claimed he can cut at least $2 trillion from the federal budget. Harris for her part wooed minority votes in Philadelphia and got a boost from Michelle Obama.

Oil took some comfort from Israel’s strikes against Iran avoiding its energy facilities. The attacks targeted Iran’s missile and air defense sites—but Israel is being careful not to boast about them. Here’s a reminder how the conflict shapes the Middle East.

Boeing launched a nearly $19 billion share sale that would help the beleaguered plane-maker boost its liquidity. It’s also weighing options for its Starliner space capsule operations—getting rid of that business would free Boeing of a deeply troubled program that has racked up more than $1.8 billion in charges.

The iPhone 16 Plus and the iPhone 16 Pro. Photographer: Chris Ratcliffe/Bloomberg

A quick corporate roundup. Apple was blocked from selling its iPhone 16 in Indonesia because the country said it hasn’t fulfilled domestic content quotas for smartphones and tablets. Google plans to preview AI tech that takes over a web browser to complete tasks such as research and shopping, the Information reported. And McDonald’s ruled out beef patties as the source of an E. coli outbreak and said its Quarter Pounders will return to menus—but without onions.

In Japan, Prime Minister Shigeru Ishiba’s gamble to call an early election backfired, and drove the yen to a three-month low against the dollar. Ishiba has vowed to restore political stability, but the vote raises questions about his future. The turmoil will make it harder for the central bank there to keep interest rates high, John Authers writes.

Rendering of Saudi Arabia’s futuristic city of Neom. Source: Saudi Arabia FIFA World Cup 2034 Bid Team

The most influential names from the world of finance and business are flying to Saudi Arabia this week for a summit often dubbed as the ‘Davos in the Desert.’ Deals worth over $28 billion are expected to be announced.

• Wall Street has increasingly turned to the oil-rich Middle East as liquidity gets tighter in other parts of the world. Saudi Arabia is at the forefront, investing around the globe, launching a futuristic city and awarding hundreds of billions of dollars in contracts.
• Along with its massive spending plans, the kingdom has also been doubling down on efforts to get international firms to boost their local presence—or risk losing business. But there are signs that not everyone is buying into the Saudi story.
• Over the course of the week, we’ll hear from big names including Goldman Sachs’s David Solomon, Citigroup’s Jane Fraser and BlackRock’s Larry Fink. Watch Bloomberg TV tomorrow for an exclusive interview with Solomon.
  

Russia is receiving top-end Dell servers, containing AI chips made by Nvidia or AMD, from an Indian pharma company, trade-tracking data show. It’s just one part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India’s burgeoning role as an intermediary.

Photographer: Chris Delmas/AFP

Elon Musk and friends are smothering the internet’s truth cops, Parmy Olson writes. The apparent beneficiaries of “alternative facts” are suing people studying the flow of disinformation, undermining already-scant checks and balances on tech platforms.