new video loaded: Trump Praises Gaza Deal, Expects Hostages Released Next Week
transcript
transcript
Trump Praises Gaza Deal, Expects Hostages Released Next Week
During a cabinet meeting on Thursday, President Trump said the war in Gaza was over but some of the most significant parts of his proposal have been left for future negotiations.
“As you know, last night we reached a momentous breakthrough in the Middle East, something that people said was never going to be done. We secured the release of all of the remaining hostages, and they should be released on Monday or Tuesday. We ended the war in Gaza and really on a much bigger basis, created peace. And I think it’s going to be a lasting peace, hopefully an everlasting peace. Peace in the Middle East.” Reporter: “Mr. President, looking ahead, what guarantees Hamas disarms and that Israel doesn’t resume bombing once the hostages are released?” “Well the first thing we’re doing is getting our hostages back. And after that, we’ll see. But they’ve agreed to things, and I think it’s going to move along pretty well.”
During a cabinet meeting on Thursday, President Trump said the war in Gaza was over but some of the most significant parts of his proposal have been left for future negotiations.
When Ann Walter looked outside her rural West Texas home, she didn’t know what to make of the bulky object slowly drifting across the sky.
She was even more surprised to see what actually landed in her neighbor’s wheat field: a boxy piece of scientific equipment about the size of a sport-utility vehicle, attached to a massive parachute, adorned with NASA stickers. She called the local sheriff’s office and learned that NASA, indeed, was looking for a piece of equipment that had gone lost.
“It’s crazy, because when you’re standing on the ground and see something in the air, you don’t realize how big it is,” she said. “It was probably a 30-foot parachute. It was huge.”
Walter said she soon got a call from NASA’s Columbia Scientific Balloon Facility, which launches large unmanned, high altitude research balloons more than 20 miles into the atmosphere to conduct scientific experiments.
Officials at NASA, which is impacted by the ongoing government shutdown, did not return messages Thursday. A message left with the balloon facility also was not immediately returned.
A launch schedule on the balloon facility’s website shows a series of launches from Fort Sumner, New Mexico, about 140 miles (225 kilometers) west of where the equipment landed.
Hale County Sheriff David Cochran confirmed that NASA officials called his office last week in search of the equipment.
Walter said she ultimately spoke with someone at the balloon facility who told her it had been launched a day earlier from Fort Sumner, and uses telescopes to gather information about stars, galaxies and black holes.
“The researchers came out with a truck and trailer they used to pick it up,” she said.
But not before Walter and her family, who live in Edmonson, Texas, were able to capture some photos and videos.
“It’s kind of surreal that it happened to us and that I was part of it,” she said. “It was a very cool experience.”
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MBW Reacts is a series of analytical commentaries from Music Business Worldwide written in response to major recent entertainment events or news stories. Only MBW+ subscribers have unlimited access to these articles.
Warner Music Group CEO Robert Kyncl outlined his vision for the music industry’s future at the Bloomberg Screentime conference on Wednesday (October 8).
During the wide-ranging interview, he described how artificial intelligence could become a significant revenue stream for rightsholders while confirming major changes ahead for labels.
Speaking with Bloomberg’s Lucas Shaw, Kyncl – who joined Warner nearly three years ago from YouTube – described an industry entering a new growth phase after years of relying solely on subscriber expansion.
WMG’s CEO also provided details about the company’s future strategic direction, from potential video streaming partnerships to expansion into artist services traditionally outside the major label remit.
Here are five key takeaways from Kyncl’s appearance at Bloomberg Screentime…
1. Warner sees itself as “Marvel for music” – and streaming video partnerships are coming
While Kyncl couldn’t confirm reports of a Netflix slate deal, he indicated announcements in the streaming video space are forthcoming, positioning Warner’s catalog as an untapped resource of content.
“Our company has a tremendous catalog. Prince, Madonna, Fleetwood Mac. It just goes on and on and on,” he said. “The stories that we have are incredible. And they haven’t really been poked. We’re like Marvel for music. That’s where we are. And it will be unlocked.”
Added Kyncl: “It makes a lot of sense for us to partner with a company that can bring it to life all around the world, and it’s exciting, both for acts who are no longer with us, but we make their estates happy and satisfied… But also for acts who are with us, who then can actually help bring young audiences to the streaming platforms.”
2. Warner believes AI will make “recognizable music” more valuable
Kyncl drew parallels between the current AI moment and the rise of user-generated content 15-17 years ago, which initially sparked “major friction” and lawsuits between platforms like YouTube and copyright holders before becoming “a multi-billion dollar industry.”
“I think of AI as that on steroids, and we just have to figure it out correctly, so that we all participate the right way,” he said.
To demonstrate Warner’s conviction, Kyncl highlighted the company’s partnership with Bain Capital to create a $1.2 billion joint venture to acquire music copyrights – though he declined to announce any deals yet, telling the audience to “stay tuned.”
“We maintain that if you want to train on our content, you have to license it.”
Robert Kyncl
The rise of AI means that there will be “a lot more music, and there’ll be a lot more unrecognizable music, which will increase the noise, and frustration, and all of that,” Kyncl explained. “But we believe that AI music from big stars, recognizable music, sort of branded IP and music from stars, will actually be more valuable.”
Warner’s AI strategy follows what Kyncl called “3 L’s”: License, legislate, and litigate – “in that order preferably.”
“On the input side, it’s for training. We maintain that if you want to train on our content, you have to license it. Which is the source of our lawsuits, obviously,” he said, referencing the ongoing litigation against AI companies Suno and Udio.
3. Music streaming is entering a new pricing era after 15 years of stagnation
Kyncl identified pricing as one of the most significant changes happening in the music industry, marking a shift from growth driven purely by subscriber numbers.
“The really big change for music is that after many years of growth only through subscriber growth, now we’re also going through pricing increases. So it’s not only just volume in terms of subscribers, but also price, which has not been the case in the previous 15 years,” he said.
“I said this first day on the job, you now see it happening all around, and you’ll see more of that.”
With Goldman Sachs predicting over a billion paying subscribers by 2030, up from around 750 million at the end of 2024 (see below), combined with rising average revenue per user (ARPU), Kyncl described music as “a healthy industry.”
While declining to specify what Spotify should charge consumers, Kyncl emphasized Warner’s new approach to wholesale pricing negotiations:
“The big change that I have adopted is that instead of thinking about everything retroactively, which is – we hope that they will increase price[s] and therefore something good will happen for us … I think about it more prospectively, which is, look, this is what our product costs into the future. And you decide how you price your product on a retail basis.”
In August, Spotify Co-President and Chief Business Officer Alex Norströmtold the Financial Times that price adjustments have become “part of [the platform’s] toolbox now” after maintaining flat rates in recent years.
The company announced subscription price hikes in numerous markets outside the US that same month. The US last saw a price rise from Spotify in June 2024.
4. Warner has gained market share while both Atlantic and Warner Records are “white-hot on fire”
Despite undergoing what Kyncl described as “incredibly invasive and difficult changes,” he noted that Warner has increased its market share by one percentage point over the last 12 months while achieving success on the charts.
“Warner Records and Atlantic are both absolutely white-hot on fire. It hasn’t been like this in 25 years. It was either one or the other. We actually have both engines firing on all cylinders,” he said, citing success with artists like Alex Warren, Sombr, and RavynLenae.
“If you’re in an industry that’s changing, if you’re in a world with lots of crosswinds, you have to do daring things,” Kyncl responded. “One of the things that I want to end in the company is that it’s not afraid to be first, it’s not afraid to be daring, it’s not afraid to break the mold. Elliot’s appointment is one of those things.”
After acquiring 51% of Grainge’s company10K Projects and observing his performance for a year, Kyncl praised the younger Grainge’s achievements: “Since then, he’s done lots of big changes at Atlantic. And as he was doing, just like with Warner overall, he’s grown market share, broken acts, done incredible campaigns for lots of artists.”
Credit: Piotr Swat / Shutterstock.com
5. Major labels will become “full service companies” within five years
Looking ahead, Kyncl predicted significant expansion of major labels’ service offerings, particularly in the US and UK markets where labels traditionally haven’t offered management or live promotion services.
“I think we will, and I don’t mean just us, but in general, there will be full-service companies,” he predicted. “Today, we don’t offer management. We don’t offer live promotion. There’s a lot of services like that that we’re not in the business of, here in the United States.”
“In a world where anyone can publish, so fully democratized distribution, no one can be heard, because the noise level is so high.”
He noted this model is already common in East Asia and parts of Europe, including within Warner’s own operations in those regions: “We are the hub for the artists of their universe and we service them in every regard… The US, the UK are kind of the exceptions to that. And I think that’s going to change.”
Kyncl argued that in an increasingly complex industry, artists need larger, more integrated companies supporting them: “In a world where anyone can publish – so fully democratized distribution, no one can be heard, because the noise level is so high and it’s so hard to break through the clutter.
“And suddenly you need an army and an infrastructure to actually do that [globally] if you want to do it on a sustained basis.”
“I am a very big believer in [a] large-scale company, especially in the music business. [I’m] may be counter to what everyone else believes, but I’m more convinced of that than I was three years ago.”
New York Attorney General Letitia James has been criminally indicted on federal charges by a grand jury.
James, who led a civil fraud investigation against Trump in 2023, was indicted on charges of bank fraud in the Eastern District of Virginia in Alexandria, according to court documents.
Prosecutors accuse James of alleged bank fraud and making false statements to a financial institution regarding a mortgage loan for a house in Norfolk, Virginia, the documents state.
In a statement, James accused the president – who recently publicly pressured prosecutors to file criminal charges against her – of a “desperate weaponization of our justice system”.
“He is forcing federal law enforcement agencies to do his bidding, all because I did my job as the New York State attorney general,” she said.
“These charges are baseless, and the president’s own public statements make clear that his only goal is political retribution at any cost.”
The US prosecutor assigned to the case, Lindsey Halligan, meanwhile, said the case proved that “no one is above the law”.
“The charges as alleged in this case represent intentional, criminal acts and tremendous breaches of the public’s trust,” she said.
“The facts and the law in this case are clear, and we will continue following them to ensure that justice is served.”
Watch: Trump’s only goal is “political retribution” – Letitia James responds to indictment
Trump appointed Halligan, his former personal attorney, to oversee the case after another US prosecutor, Erik Siebert, resigned. Siebert was reportedly ousted after he told the justice department he had not found sufficient evidence to charge James.
James’ first court appearance is scheduled for 24 October in Norfolk.
The federal government alleges James bought a three-bedroom home in Norfolk using a mortgage loan that required her to use the property as her secondary residence and did not allow for shared ownership or “timesharing” of the home.
The indictment claims the property “was not occupied or used” by James as a secondary residence, but was instead “used as a rental investment property”, which was being rented to a family of three.
The “misrepresentation” allowed James to obtain favourable loan terms that would not have been available for an investment property, prosecutors claim.
Halligan said that, if convicted, James could face up to 30 years in prison per count and up to a $1 million (£751,755) fine on each count.
James’s attorney, Abbe Lowell, said: “We are deeply concerned that this case is driven by President Trump’s desire for revenge.”
Trump last month called on US Attorney General Pam Bondi, who leads the justice department, in a social media post to prosecute his political opponents, including James.
“We can’t delay any longer, it’s killing our reputation and credibility,” he wrote.
James was one of several Trump adversaries named in that post. He also called on Bondi to investigate former FBI Director James Comey, who was criminally charged shortly after the post. He pleaded not guilty on Wednesday after being charged with making a false statement to Congress.
The justice department has also reportedly opened investigations into Trump’s ex-national security adviser John Bolton and California Democratic Senator Adam Schiff.
In the civil fraud case brought by James, Trump was found liable of falsifying records to secure better loan deals, leading to a $500m (£375m) fine. The penalty was thrown out by an appeals court, which called the fine excessive, though it upheld that Trump was liable for fraud.
During the case, Trump frequently attacked James outside of the courtroom, accusing her of carrying out a “political witch hunt” against him. James said the courts had ruled that Trump was “not above the law”.
James on Thursday said she stands behind her office’s litigation against Trump and his organisation.
New York Governor Kathy Hochul, a democrat, said James’s indictment “is nothing less than the weaponization of the Justice Department to punish those who hold the powerful accountable.”
The New York Civil Liberties Union and American Civil Liberties Union called it “the latest in a long list of brazen abuses of power by President Trump”.
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Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown. All times on the map are Philippine time.The New York Times
A major, 7.4-magnitude earthquake struck in the Philippine Sea on Friday, according to the United States Geological Survey.
The temblor happened at 9:43 a.m. Philippine time about 12 miles east of Santiago, Philippines, data from the agency shows.
As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.
Aftershocks in the region
An aftershock is usually a smaller earthquake that follows a larger one in the same general area. Aftershocks are typically minor adjustments along the portion of a fault that slipped at the time of the initial earthquake.
Quakes and aftershocks within 100 miles
Aftershocks can occur days, weeks or even years after the first earthquake. These events can be of equal or larger magnitude to the initial earthquake, and they can continue to affect already damaged locations.
When quakes and aftershocks occurred
Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Philippine time. Shake data is as of Thursday, Oct. 9 at 9:56 p.m. Eastern. Aftershocks data is as of Thursday, Oct. 9 at 10:14 p.m. Eastern.
Nearly three weeks of striking bus drivers and roadblocks by angry farmers have put Ecuador President Daniel Noboa in one of the tensest moments of his presidency.
The outcry comes in response to the government’s increase in diesel fuel costs, after a subsidy was cut last month.
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With no signs of dialogue after 18 days, one protester has been killed, numerous protesters and authorities injured, and more than 100 people arrested.
The army announced a large deployment to the capital on Thursday, saying it would prevent vandalism and destruction of property. As many as 5,000 troops were being deployed after dozens of protesters had marched at various sites in the city earlier in the day.
Though the demonstrations called for by Ecuador’s largest Indigenous organisation, CONAIE, are supposed to be nationwide, the most acute impact has been in the northern part of the country, especially Imbabura province, where Noboa won in April’s election with 52 percent of the vote.
On one side is “a president who assumes that after winning the elections he has all of the power at his disposal, who has authoritarian tendencies and no disposition for dialogue”, said Farith Simon, a law professor at the Universidad San Francisco in Quito.
On the other side, he said, is “an Indigenous sector that has shown itself to be uncompromising and is looking to co-govern through force”.
Protesters attacked Noboa’s motorcade with rocks on Tuesday, adding to the tension. The administration denounced it as an assassination attempt.
The Indigenous organisation CONAIE, however, rejected that assertion. It insists its protests are peaceful and that it is the government that is responding with force.
What led to the demonstrations?
The protests were organised by CONAIE, an acronym that translates to the Confederation of Indigenous Nationalities of Ecuador.
The group mobilised its supporters after Noboa decreed the elimination of a subsidy on diesel on September 12.
Diesel is critical to the agricultural, fishing and transport sectors in Ecuador, where many Indigenous people work. The move raised the cost of a gallon (3.8 litres) of diesel to $2.80 from $1.80, which CONAIE said hit the poor the hardest.
The government tried to calm the backlash by offering some handouts, and unions did not join the demonstrations. The confederation rejected the government’s “gifts” and called for a general strike.
What are the protests like?
The Indigenous confederation is a structured movement that played a central role in violent uprisings in 2019 and 2022 that nearly ousted then-Presidents Lenin Moreno and Guillermo Lasso.
Its methods are not always seen as productive, particularly when protests turn violent.
Daniel Crespo, an international relations professor at the Universidad de los Hemisferios in Quito, said the confederation’s demands to return the fuel subsidy, cut a tax and stop mining are efforts to “impose their political agenda”.
The confederation says it’s just trying to fight for a “decent life” for all Ecuadorians, even if that means opposing Noboa’s economic and social policies.
What are Noboa’s policies?
Noboa is a 37-year-old, politically conservative millionaire heir to a banana fortune. He started his second term in May amid high levels of violence.
One of the steps he has taken is raising the value-added tax rate to 15 percent from 12 percent, arguing that the additional funds are needed to fight crime. He has also fired thousands of government workers and restructured the executive branch.
The president has opted for a heavy-handed approach to making these changes and rejected calls for dialogue. He said, “The law awaits those who choose violence. Those who act like criminals will be treated like criminals.”
What has been the fallout?
A protester died last week, and soldiers were caught on video attacking a man who tried to help him.
The images, along with generally aggressive actions by security forces confronting protesters, have fuelled anger and drawn criticism about excessive use of force from organisations within Ecuador and abroad.
The Attorney General’s Office said it was investigating the protester’s death.
Experts warn that the situation could grow more violent if the protests that have largely been in rural areas arrive in the cities, especially the capital, where frustrated civilians could take to the streets to confront protesters.
Some party needs to intervene and lead the different sides to dialogue, perhaps the Catholic Church or civil society organisations, Crespo and Simon agreed.
Fitter and Faster Swim Camps is the proud sponsor of SwimSwam’s College Recruiting Channel and all commitment news. For many, swimming in college is a lifelong dream that is pursued with dedication and determination. Fitter and Faster is proud to honor these athletes and those who supported them on their journey.
Futures finalist Adam Speedie has verbally committed to Youngstown State University for the recruiting class of 2026.
I am so excited and humbled to proudly announce my verbal commitment to continue my academic and athletic career at Youngstown State University! None of this would have been possible without the unwavering support of so many wonderful people around me. I’d like to thank my parents for always believing in me and pushing me to be my very best and to my coaches who have never given up on me and have brought me to the swimmer I am today. The lessons i’ve learned from you all will last a lifetime. Lastly, I would like to give a big thank you to Coach Smith and the amazing team at Youngstown for giving me this amazing opportunity! GO PENGUINS!!
Speedie attends Cypress Woods High School in Cypress, Texas. At the 2025 Texas 6A High School State Meet, Speedie swam the 500 freestyle, finishing 14th overall in 4:35.58. This is new ground for the Youngstown State team that doesn’t have any Texans currently on their roster.
In March, he swam at the Speedo Sectionals Meet in Justin setting new best times in the 50 free (22.79) and 400 IM (4:04.97). He also qualified for finals in the 400 IM, finishing 36th overall.
Speedie swims club for the Houston Hydra, and in July he participated at the USA Swimming Futures Championships in Justin. There, he qualified for the ‘A’ final in the 400 free (4:08.37), 200 fly (2:07.29), and 400 IM (4:39.24)
Best Times SCY
200 free- 1:42.79
500 free- 4:34.40
200 fly- 1:52.28
200 IM- 1:56.66
400 IM- 4:04.97
Youngstown State is a Division I school in Youngstown, Ohio. They compete in the Horizon League where they finished 5th out of seven teams at last year’s conference championships, scoring 410 points to come in four points behind Milwaukee in 4th and just 80 points behind Cleveland State in 3rd.
Speedie will make a significant impact on the team from the moment he arrives on campus next fall. On the Youngstown State team last season, he would have been 1st in the 500 free and 400 IM, 3rd in the 200 free and 200 fly, and 4th in the 200 IM.
He is also a potential conference scorer in the 500 free and 200 fly and he sits just outside of scoring position in the 400 IM and 200 freestyle events.
If you have a commitment to report, please send an email with a photo (landscape, or horizontal, looks best) and a quote to Recruits@swimswam.com.
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