September 29, 2025 • 15 mins
On today's podcast:
1) The top four congressional leaders will meet with President Donald Trump at the White House on Monday, a day before federal funding would expire if the two parties can’t agree on a short-term spending bill. The discussions will be the first between Trump and congressional leaders ahead of the deadline to avoid a shutdown. Senate Democratic leader Chuck Schumer and his House counterpart, Hakeem Jeffries, were expected to meet with the president last week but it was canceled by the White House at the last minute.
2) Israeli Prime Minister Benjamin Netanyahu is set to hold a crucial White House meeting with US President Donald Trump on Monday amid assertions from Washington that an ambitious plan to end the war in Gaza is nearly complete. The meeting — the fourth between the two allies since Trump took office in January — comes after the US leader shared a 21-point proposal aimed at concluding the Israel-Hamas conflict with other regional heads in New York last week.
3) New York City Mayor Eric Adams bowed out of his struggling reelection campaign Sunday, but the decision may be too late to fundamentally alter the outcome of the November election to replace him. Adams’ decision to withdraw, amid faltering poll numbers and a struggle to raise money, was a long-speculated outcome by donors and sought by others who hoped to boost former New York Governor Andrew Cuomo’s chances to defeat frontrunner Assemblyman Zohran Mamdani, a democratic socialist. But political analysts questioned Sunday whether the decision can make a difference with just 37 days until Election Day.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with the countdown to a possible government shutdown.
Congress has until just after midnight tomorrow night to pass
a short term funding bill to keep the government open. Today,
President Trump meets with congressional leaders from both parties after
canceling a meeting last week the Democrats at the last minute.
Senate minoriti Leader Chuck Schumer says a stopgap has to
include an extension of healthcare subsidies.
Speaker 4 (00:37):
Our healthcare situation is a shambles in good part because
of what the Republicans did in the BBB, their so
called Big Beautiful Bill. Now they want to change the
name of it because they know it's not very popular.
I think sixty eight percent of Americans don't like it.
Speaker 3 (00:52):
Senate Minority Leader Chuck Schumer says he hopes there's a
serious negotiation. Republicans need at least seven Democrats to pass
a stopgap. In the Senate, Majority Leader John Thune says
the ball is in Democrats court.
Speaker 5 (01:03):
There is a bill sitting at the desk in the
Senate right now. We could pick it up today and
pass it that has been passed by the House, that
will be signed in a law by the President to
keep the government open.
Speaker 3 (01:14):
Senate leaders John Thune and Chuck Schumer both appeared on
NBC's Meet the Press, heard Sundays on Bloomberg Radio. Today's
meeting is set for three pm Wall Street time from
the White House. Government funding is set to lapse at
a minute after midnight tomorrow night.
Speaker 2 (01:28):
Nathan the President who will be holding another key meeting
at the White House today. He'll be talking with Israeli
Prime Minister Benjamin Netanyahu. The meeting comes days after Nettan
Yahoo used a UN address to reject international demands for
an end to the war in Gaza. Vice President jd
Vance is expressing optimism a deal can be reached.
Speaker 6 (01:46):
So there's a very complicated negotiation happening right now between
Arab leaders, between the Israelis, and of course between the
Trump administration, led by Special Envoys Steve Woodkoff and Secretary
of State Mark or Rubio. So those conversations are happening
as we speak. They're ongoing over the course of the
past couple of days.
Speaker 7 (02:04):
I'm going to let those.
Speaker 6 (02:04):
Negotiations play out, but I think the President's optimism is
warned here. I feel more optimistic about where we are
right now than where we have been at any point
in the last few months.
Speaker 2 (02:14):
Vice President JD. Vans made the comments on Function News Sunday,
and you can catch the program Sunday afternoons right here
on Bloomberg Radio.
Speaker 3 (02:21):
Look here, there are major developments this morning in the
race for New York City mayor. In Bloomberg's John Tucker
joins us in Manhattan with the very latest, John and Nathan.
Speaker 8 (02:30):
There is one less candidate. Mayor Eric Adams has dropped out.
Speaker 9 (02:35):
I cannot continue my re election campaign.
Speaker 8 (02:39):
He gave his reasons in a social media post sitting
on the interior steps of Gracie Mansion.
Speaker 9 (02:45):
The constant media speculation about my future and the campaign
finance boys decision to with whole millions of dollars have
undermined my ability to raise the funds needed for campaign.
Speaker 8 (03:00):
His announcement follows reports he was entertaining potential job offers
from the Trumpet administration. Adam's exit means that former Governor
Andrew Cuomo can mount a more potent challenge to the
front runner the Democratic nominees, or On Mamdani. A Suffolk
University Cityview poll released just Tuesday showed Mamdanni leading with
five forty five percent support compared to twenty five percent
(03:22):
for Cuomo. The poll also had Republican candidate Curtis Sleewah
at nine percent and Adams at only eight percent, But
the Poles have also shown that in a two way
race with Adams and Sliwa out, Mamdanni's lead over Cuomo
shrinks considerably. Michael Bloomberg, founder and majority owner of Bloomberg Lp,
endorsed Cuomo in the primary and has contributed to a
(03:43):
pack supporting his candidacy. You Know, York Ime, John Tucker,
Bloomberg Radio.
Speaker 7 (03:48):
Okay, John, thank you.
Speaker 3 (03:49):
A unique weather system could impact the East Coast in
the coming days. Bloomberg meteorologist Craig Allen is tracking the
storm Category.
Speaker 10 (03:56):
Four very strong Hurricane Humberto a few hut miles north
of the Leeward Islands, will curve on up the Atlantic
bypassing Bermuda, although there will be some very strong wave
action for the island, but the worst of the wind
and the rain will stay far away, and it looks
like Umberto will take a track across the ocean. In
the meantime, just in front of Umberto is tropical Storm Imelda,
(04:18):
which would have gone right into the southeast ust coast
with wind and rain. But it looks like Umberto is
going to pivot around and pull Imelda away from the
US mainland. There may be more direct impacts to Bermuda
later this week, but it looks like for the most part,
Imelda will stay away from any landfall.
Speaker 2 (04:36):
All right. Bloomberg meteorologist Craig Allen tracking this storm for
US this morning. We want to turn down to the
markets where gold is trading at another record high.
Speaker 7 (04:45):
Right now.
Speaker 2 (04:46):
Comex gold is at three thousand, eight hundred and forty
eight dollars an ounce. Since US stock futures are also higher,
Goldman Sachs strategists have upgraded equities to overweight from neutral.
They cite limited correction risks in the near term the
back of optimistic growth expectations driven by AI and an
expectation for further federal reserve rate cuts. The big economic
(05:08):
report of the week will come on Friday with the
jobs report for the month of September.
Speaker 7 (05:12):
And we do have a deal.
Speaker 3 (05:13):
To kickoff the week, Karen Denmark's gen Map has agreed
to acquire Dutch drug maker Maris for about eight billion dollars.
Maris is developing a treatment for cancer of the head
and neck. It is traded on the Nasdaq. This morning,
it is up thirty eight percent.
Speaker 2 (05:28):
Well Nathan AstraZeneca plans to les shares on the New
York Stock Exchange to attract more investors, but it's keeping
its London trading and UK headquarters. The shares will replace
Astra's existing American Depository receipts in the US. Astra is
increasingly looking to the US for growth as it seeks
to boost manufacturing in the country. Astra has pledged to
invest fifty billion dollars in the US over the next
(05:51):
five years. Amid pressure from President Trump's tariff plans.
Speaker 3 (05:55):
And Karen Autoparts supplier First Brands Group Holdings is filing
for Chapter eleven in exis. The privately held company's brands
ranged from Anko and Tricho Wiperblades to fram Filters.
Speaker 2 (06:09):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that were joined by Bloomberg's Michael Barr Michael,
good morning, Good.
Speaker 11 (06:17):
Morning, Karen. A marine veteran smashed a pickup into a
church of Jesus Christ of Latter day Saints in Michigan,
opened fire, and then set the building a blaze during
a crowded Sunday service. He was then fatally shot by police.
At least four people were killed and aid wounded, and
authorities were searching the building ruins for more victims. It
(06:38):
happened in Grand Blank Township, a community outside of Flint.
Law enforcement official said the man got out of his
pickup and started shooting, apparently using gas to start the fire.
Grand Blank Township Police Department Chief William Rennie says he's
confident the community will come together and help each other. Heal.
Speaker 3 (06:56):
I'm confident that we're going to overcome this as Graham
Blank always overcomes east like the incidents.
Speaker 11 (07:05):
Acting FBI Agent in Charge Ruben Coleman says they are
investigating the attack as a targeted act of violence.
Speaker 10 (07:12):
This act of violence has no place in our state
or anywhere else in our country.
Speaker 11 (07:18):
The FBI's Ruben Coleman says. The attacker was identified as
Thomas Jacob Sanford, the man charge with the murder of
political activist Charlie Kirk is expected in a court room
in Utah. Utah County has hired three lawyers to represent
Tyler Robinson after a judge found he doesn't have the
money to hire one on his own. Oregon has filed
(07:39):
a lawsuit against the Trump administration after the President said
he'll send troops to Portland. Secretary of Defense Pete Hegsath
sent a memo to the governor authorizing the deployment of
two hundred members of the Oregon National Guard for sixty days.
Like a similar lawsuit filed earlier this year by California,
Oregon suit argues the president is overstepping his authority. Ore
(08:02):
Again Attorney General Dan Rayfield.
Speaker 12 (08:04):
It's actually an American if you think about it, to
use the military against our own citizens. But that's exactly
what's happening right now across our country, from California to DC,
to Memphis to Illinois and now to Portland.
Speaker 11 (08:19):
Global News twenty four hours a day and whenever you
want it with the Bloomberg News Now Michael Barr, and
this is Bloomberg Hery.
Speaker 2 (08:27):
Thanks Michael all time now for our Bloomberg Sports update
and for that we bring in John Stashauer.
Speaker 13 (08:33):
Thanks Karon. The Ryder Cup at Europe, taking a big
lead of the final day, the US made a run
in singles play, but Europe held on to win fifteen
to thirteen. They went nine to the last twelve Ryder Cups.
The baseball regular season is over, the playoffs beginning tomorrow
with Detroit at Cleveland, Red Sox visit the Yankees at
San Diego at the Cubs, and Cincinnati at the Dodgers.
Sunday Night football in Dallas a wild one between the
(08:55):
Packers and Cowboys. The game ended in a forty to
forty tie seven lead changes that to Bloomberg Sports Update.
Speaker 7 (09:04):
Stay with us.
Speaker 2 (09:05):
More from Bloomberg day Break coming up after this.
Speaker 1 (09:12):
Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 7 (09:23):
Good morning, I'm Nathan Hager and with us.
Speaker 3 (09:24):
Than forty eight hours until a potential government shut down,
President Trump meets with leaders from both parties this afternoon
at the White House on a stopgap spending bill. The
President has predicted a shutdown will happen if Democrats don't
drop their healthcare demands.
Speaker 7 (09:40):
Vice President JD Vance agrees, we.
Speaker 6 (09:43):
Don't want to shut down the government, but if Democrats
refuse to just pass this clean continuing resolution, that's exactly
what's going to happen, and I think the Democrats are
going to bear the responsibility for it.
Speaker 3 (09:54):
That was Vice President Jadvance on Fox New Sunday. Herd
on Bloomberg Radio this Monday morning. We're joined by Blomberg's
Jill Desas, And of course Jill was just a few
days ago that President Trump canceled a meeting with Democrats
on Truth Socials, saying it would be pointless to meet
with them unless they drop the healthcare demand.
Speaker 7 (10:11):
So why hold this meeting today?
Speaker 14 (10:13):
Good morning, Yes, good morning, Nathan. Certainly, I think you
know we're really coming down to the wire once again
with these two sides really trying to get the stop
gap spending bill over the line. It does seem like
at this point the Democrats are still holding pretty firm
to their healthcare demands. So the idea that this bill
must include an extension of healthcare subsidies, a restoration of
(10:35):
budget cuts to healthcare. Of course, Republicans saying that any
of these negotiations could happen after they divert the shutdown.
But I suppose that if you're a Democrat at this point,
you know what kind of guarantee would you ultimately have
that Republicans would want to pick that back up when
they continue to negotiate something that is a little bit
more longer term. So this does seem to be a
(10:56):
sticking point going to today, and I'm not sure that
we're going to get much clarity until we do get
these top four congressional leaders. Of course, that includes the
Senate Democratic Leader Chuck Schumer and his House kind of
part hecking Jeffries into this room with the top Republicans
as well as Donald Trump.
Speaker 3 (11:10):
Just the healthcare demands from the Democrats. We had that
warning from the White House Budget Office last week that
if there were to be a shut down, government agencies
should prepare for mass firings. Is that the kind of
thing that could potentially buckle Democrats in their unity.
Speaker 14 (11:26):
Well, so at this point, what we've actually heard from
the Democrats, I think most notably Chuck Schumer, is that
he's really kind of dismissed this threat of these mass
firings One thing that Chuck Schumer is trying to articulate
is he's trying to call the government's bluff here, is
saying that a portion of the mass layoffs that happened
earlier this year when Trump came into office were ultimately
(11:47):
restored by the courts or in some cases the administration
itself has backed off. So at least from the Democratic perspective,
it does seem like they're trying to play these negotiations.
Is saying, you know, we don't really think that you're
going to go that far anyway. Of course, whether that's
actually true, I think is, you know, something that's still
an open question.
Speaker 3 (12:05):
How willing do Republicans seem to be when it comes
to negotiating on the healthcare provisions that Democrats want in
the possibility that there could be a stop gap passed
and potentially having those discussions, you know, in the in
the in the weeks to come.
Speaker 14 (12:25):
Well, Nathan, I think, you know, as we were just
you know, talking a little bit earlier about jdie Vance,
you certainly don't see that willingness from the Republican side
to go forward with something like this. The question though,
is whether or not they would actually feel that pressure
from the Democrats they do need to get on board.
I believe that in order to get the short term
(12:46):
spending bill over the hump in the Senate, they need
at least seven Democrats to back it. So they do
need to get at least some of those Democrats you know,
potentially maybe that have better luck with those that are
based in swing states or some set to actually get
this through. But they still again do need at least
some Democratic support in order to make something happen. So
(13:07):
I think that there's at least, you know, some motivation
there to go through these negotiations this morning. Again, wherever
that lands, I think is still a pretty open question.
But you do see why you actually are bringing all
of these sides together today to discuss something before the
government shuts down.
Speaker 7 (13:23):
Yeah in just thirty seconds.
Speaker 3 (13:24):
I mean, what kind of economic impact could be we're
looking at here if there is a shutdown.
Speaker 14 (13:29):
I mean, I think that you know, as with you know,
this kind of threat when it brears its head. Remember,
first of all, it's been a good seven or so
years since we last had a government shutdown. But you're
looking at a pretty wholesale closure of a lot of
what are deemed non essential federal offices, and so that
could amount to a significant amount of lost economic output.
I will say that the Trump administration has pledged that
(13:51):
it would continue to do some things such as collect
tariff revenue in the event of a government shutdown, but
still a pretty severe economic scenario here if they don't
get something together.
Speaker 2 (14:01):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 3 (14:08):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (14:14):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
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Bloomberg ninety two nine in Boston, and nationwide on serious
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Speaker 3 (14:28):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 2 (14:34):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now and your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
Speaker 7 (14:47):
And I'm Nathan Hager.
Speaker 3 (14:48):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with the countdown to a possible government shutdown.
Congress has until just after midnight tomorrow night to pass
a short term funding bill to keep the government open. Today,
President Trump meets with congressional leaders from both parties after
canceling a meeting last week the Democrats at the last minute.
Senate minoriti Leader Chuck Schumer says a stopgap has to
include an extension of healthcare subsidies.
Speaker 4 (00:37):
Our healthcare situation is a shambles in good part because
of what the Republicans did in the BBB, their so
called Big Beautiful Bill. Now they want to change the
name of it because they know it's not very popular.
I think sixty eight percent of Americans don't like it.
Speaker 3 (00:52):
Senate Minority Leader Chuck Schumer says he hopes there's a
serious negotiation. Republicans need at least seven Democrats to pass
a stopgap. In the Senate, Majority Leader John Thune says
the ball is in Democrats court.
Speaker 5 (01:03):
There is a bill sitting at the desk in the
Senate right now. We could pick it up today and
pass it that has been passed by the House, that
will be signed in a law by the President to
keep the government open.
Speaker 3 (01:14):
Senate leaders John Thune and Chuck Schumer both appeared on
NBC's Meet the Press, heard Sundays on Bloomberg Radio. Today's
meeting is set for three pm Wall Street time from
the White House. Government funding is set to lapse at
a minute after midnight tomorrow night.
Speaker 2 (01:28):
Nathan the President who will be holding another key meeting
at the White House today. He'll be talking with Israeli
Prime Minister Benjamin Netanyahu. The meeting comes days after Nettan
Yahoo used a UN address to reject international demands for
an end to the war in Gaza. Vice President jd
Vance is expressing optimism a deal can be reached.
Speaker 6 (01:46):
So there's a very complicated negotiation happening right now between
Arab leaders, between the Israelis, and of course between the
Trump administration, led by Special Envoys Steve Woodkoff and Secretary
of State Mark or Rubio. So those conversations are happening
as we speak. They're ongoing over the course of the
past couple of days.
Speaker 7 (02:04):
I'm going to let those.
Speaker 6 (02:04):
Negotiations play out, but I think the President's optimism is
warned here. I feel more optimistic about where we are
right now than where we have been at any point
in the last few months.
Speaker 2 (02:14):
Vice President JD. Vans made the comments on Function News Sunday,
and you can catch the program Sunday afternoons right here
on Bloomberg Radio.
Speaker 3 (02:21):
Look here, there are major developments this morning in the
race for New York City mayor. In Bloomberg's John Tucker
joins us in Manhattan with the very latest, John and Nathan.
Speaker 8 (02:30):
There is one less candidate. Mayor Eric Adams has dropped out.
Speaker 9 (02:35):
I cannot continue my re election campaign.
Speaker 8 (02:39):
He gave his reasons in a social media post sitting
on the interior steps of Gracie Mansion.
Speaker 9 (02:45):
The constant media speculation about my future and the campaign
finance boys decision to with whole millions of dollars have
undermined my ability to raise the funds needed for campaign.
Speaker 8 (03:00):
His announcement follows reports he was entertaining potential job offers
from the Trumpet administration. Adam's exit means that former Governor
Andrew Cuomo can mount a more potent challenge to the
front runner the Democratic nominees, or On Mamdani. A Suffolk
University Cityview poll released just Tuesday showed Mamdanni leading with
five forty five percent support compared to twenty five percent
(03:22):
for Cuomo. The poll also had Republican candidate Curtis Sleewah
at nine percent and Adams at only eight percent, But
the Poles have also shown that in a two way
race with Adams and Sliwa out, Mamdanni's lead over Cuomo
shrinks considerably. Michael Bloomberg, founder and majority owner of Bloomberg Lp,
endorsed Cuomo in the primary and has contributed to a
(03:43):
pack supporting his candidacy. You Know, York Ime, John Tucker,
Bloomberg Radio.
Speaker 7 (03:48):
Okay, John, thank you.
Speaker 3 (03:49):
A unique weather system could impact the East Coast in
the coming days. Bloomberg meteorologist Craig Allen is tracking the
storm Category.
Speaker 10 (03:56):
Four very strong Hurricane Humberto a few hut miles north
of the Leeward Islands, will curve on up the Atlantic
bypassing Bermuda, although there will be some very strong wave
action for the island, but the worst of the wind
and the rain will stay far away, and it looks
like Umberto will take a track across the ocean. In
the meantime, just in front of Umberto is tropical Storm Imelda,
(04:18):
which would have gone right into the southeast ust coast
with wind and rain. But it looks like Umberto is
going to pivot around and pull Imelda away from the
US mainland. There may be more direct impacts to Bermuda
later this week, but it looks like for the most part,
Imelda will stay away from any landfall.
Speaker 2 (04:36):
All right. Bloomberg meteorologist Craig Allen tracking this storm for
US this morning. We want to turn down to the
markets where gold is trading at another record high.
Speaker 7 (04:45):
Right now.
Speaker 2 (04:46):
Comex gold is at three thousand, eight hundred and forty
eight dollars an ounce. Since US stock futures are also higher,
Goldman Sachs strategists have upgraded equities to overweight from neutral.
They cite limited correction risks in the near term the
back of optimistic growth expectations driven by AI and an
expectation for further federal reserve rate cuts. The big economic
(05:08):
report of the week will come on Friday with the
jobs report for the month of September.
Speaker 7 (05:12):
And we do have a deal.
Speaker 3 (05:13):
To kickoff the week, Karen Denmark's gen Map has agreed
to acquire Dutch drug maker Maris for about eight billion dollars.
Maris is developing a treatment for cancer of the head
and neck. It is traded on the Nasdaq. This morning,
it is up thirty eight percent.
Speaker 2 (05:28):
Well Nathan AstraZeneca plans to les shares on the New
York Stock Exchange to attract more investors, but it's keeping
its London trading and UK headquarters. The shares will replace
Astra's existing American Depository receipts in the US. Astra is
increasingly looking to the US for growth as it seeks
to boost manufacturing in the country. Astra has pledged to
invest fifty billion dollars in the US over the next
(05:51):
five years. Amid pressure from President Trump's tariff plans.
Speaker 3 (05:55):
And Karen Autoparts supplier First Brands Group Holdings is filing
for Chapter eleven in exis. The privately held company's brands
ranged from Anko and Tricho Wiperblades to fram Filters.
Speaker 2 (06:09):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that were joined by Bloomberg's Michael Barr Michael,
good morning, Good.
Speaker 11 (06:17):
Morning, Karen. A marine veteran smashed a pickup into a
church of Jesus Christ of Latter day Saints in Michigan,
opened fire, and then set the building a blaze during
a crowded Sunday service. He was then fatally shot by police.
At least four people were killed and aid wounded, and
authorities were searching the building ruins for more victims. It
(06:38):
happened in Grand Blank Township, a community outside of Flint.
Law enforcement official said the man got out of his
pickup and started shooting, apparently using gas to start the fire.
Grand Blank Township Police Department Chief William Rennie says he's
confident the community will come together and help each other. Heal.
Speaker 3 (06:56):
I'm confident that we're going to overcome this as Graham
Blank always overcomes east like the incidents.
Speaker 11 (07:05):
Acting FBI Agent in Charge Ruben Coleman says they are
investigating the attack as a targeted act of violence.
Speaker 10 (07:12):
This act of violence has no place in our state
or anywhere else in our country.
Speaker 11 (07:18):
The FBI's Ruben Coleman says. The attacker was identified as
Thomas Jacob Sanford, the man charge with the murder of
political activist Charlie Kirk is expected in a court room
in Utah. Utah County has hired three lawyers to represent
Tyler Robinson after a judge found he doesn't have the
money to hire one on his own. Oregon has filed
(07:39):
a lawsuit against the Trump administration after the President said
he'll send troops to Portland. Secretary of Defense Pete Hegsath
sent a memo to the governor authorizing the deployment of
two hundred members of the Oregon National Guard for sixty days.
Like a similar lawsuit filed earlier this year by California,
Oregon suit argues the president is overstepping his authority. Ore
(08:02):
Again Attorney General Dan Rayfield.
Speaker 12 (08:04):
It's actually an American if you think about it, to
use the military against our own citizens. But that's exactly
what's happening right now across our country, from California to DC,
to Memphis to Illinois and now to Portland.
Speaker 11 (08:19):
Global News twenty four hours a day and whenever you
want it with the Bloomberg News Now Michael Barr, and
this is Bloomberg Hery.
Speaker 2 (08:27):
Thanks Michael all time now for our Bloomberg Sports update
and for that we bring in John Stashauer.
Speaker 13 (08:33):
Thanks Karon. The Ryder Cup at Europe, taking a big
lead of the final day, the US made a run
in singles play, but Europe held on to win fifteen
to thirteen. They went nine to the last twelve Ryder Cups.
The baseball regular season is over, the playoffs beginning tomorrow
with Detroit at Cleveland, Red Sox visit the Yankees at
San Diego at the Cubs, and Cincinnati at the Dodgers.
Sunday Night football in Dallas a wild one between the
(08:55):
Packers and Cowboys. The game ended in a forty to
forty tie seven lead changes that to Bloomberg Sports Update.
Speaker 7 (09:04):
Stay with us.
Speaker 2 (09:05):
More from Bloomberg day Break coming up after this.
Speaker 1 (09:12):
Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 7 (09:23):
Good morning, I'm Nathan Hager and with us.
Speaker 3 (09:24):
Than forty eight hours until a potential government shut down,
President Trump meets with leaders from both parties this afternoon
at the White House on a stopgap spending bill. The
President has predicted a shutdown will happen if Democrats don't
drop their healthcare demands.
Speaker 7 (09:40):
Vice President JD Vance agrees, we.
Speaker 6 (09:43):
Don't want to shut down the government, but if Democrats
refuse to just pass this clean continuing resolution, that's exactly
what's going to happen, and I think the Democrats are
going to bear the responsibility for it.
Speaker 3 (09:54):
That was Vice President Jadvance on Fox New Sunday. Herd
on Bloomberg Radio this Monday morning. We're joined by Blomberg's
Jill Desas, And of course Jill was just a few
days ago that President Trump canceled a meeting with Democrats
on Truth Socials, saying it would be pointless to meet
with them unless they drop the healthcare demand.
Speaker 7 (10:11):
So why hold this meeting today?
Speaker 14 (10:13):
Good morning, Yes, good morning, Nathan. Certainly, I think you
know we're really coming down to the wire once again
with these two sides really trying to get the stop
gap spending bill over the line. It does seem like
at this point the Democrats are still holding pretty firm
to their healthcare demands. So the idea that this bill
must include an extension of healthcare subsidies, a restoration of
(10:35):
budget cuts to healthcare. Of course, Republicans saying that any
of these negotiations could happen after they divert the shutdown.
But I suppose that if you're a Democrat at this point,
you know what kind of guarantee would you ultimately have
that Republicans would want to pick that back up when
they continue to negotiate something that is a little bit
more longer term. So this does seem to be a
(10:56):
sticking point going to today, and I'm not sure that
we're going to get much clarity until we do get
these top four congressional leaders. Of course, that includes the
Senate Democratic Leader Chuck Schumer and his House kind of
part hecking Jeffries into this room with the top Republicans
as well as Donald Trump.
Speaker 3 (11:10):
Just the healthcare demands from the Democrats. We had that
warning from the White House Budget Office last week that
if there were to be a shut down, government agencies
should prepare for mass firings. Is that the kind of
thing that could potentially buckle Democrats in their unity.
Speaker 14 (11:26):
Well, so at this point, what we've actually heard from
the Democrats, I think most notably Chuck Schumer, is that
he's really kind of dismissed this threat of these mass
firings One thing that Chuck Schumer is trying to articulate
is he's trying to call the government's bluff here, is
saying that a portion of the mass layoffs that happened
earlier this year when Trump came into office were ultimately
(11:47):
restored by the courts or in some cases the administration
itself has backed off. So at least from the Democratic perspective,
it does seem like they're trying to play these negotiations.
Is saying, you know, we don't really think that you're
going to go that far anyway. Of course, whether that's
actually true, I think is, you know, something that's still
an open question.
Speaker 3 (12:05):
How willing do Republicans seem to be when it comes
to negotiating on the healthcare provisions that Democrats want in
the possibility that there could be a stop gap passed
and potentially having those discussions, you know, in the in
the in the weeks to come.
Speaker 14 (12:25):
Well, Nathan, I think, you know, as we were just
you know, talking a little bit earlier about jdie Vance,
you certainly don't see that willingness from the Republican side
to go forward with something like this. The question though,
is whether or not they would actually feel that pressure
from the Democrats they do need to get on board.
I believe that in order to get the short term
(12:46):
spending bill over the hump in the Senate, they need
at least seven Democrats to back it. So they do
need to get at least some of those Democrats you know,
potentially maybe that have better luck with those that are
based in swing states or some set to actually get
this through. But they still again do need at least
some Democratic support in order to make something happen. So
(13:07):
I think that there's at least, you know, some motivation
there to go through these negotiations this morning. Again, wherever
that lands, I think is still a pretty open question.
But you do see why you actually are bringing all
of these sides together today to discuss something before the
government shuts down.
Speaker 7 (13:23):
Yeah in just thirty seconds.
Speaker 3 (13:24):
I mean, what kind of economic impact could be we're
looking at here if there is a shutdown.
Speaker 14 (13:29):
I mean, I think that you know, as with you know,
this kind of threat when it brears its head. Remember,
first of all, it's been a good seven or so
years since we last had a government shutdown. But you're
looking at a pretty wholesale closure of a lot of
what are deemed non essential federal offices, and so that
could amount to a significant amount of lost economic output.
I will say that the Trump administration has pledged that
(13:51):
it would continue to do some things such as collect
tariff revenue in the event of a government shutdown, but
still a pretty severe economic scenario here if they don't
get something together.
Speaker 2 (14:01):
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Speaker 3 (14:08):
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Speaker 2 (14:14):
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Speaker 3 (14:28):
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Speaker 2 (14:34):
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Speaker 7 (14:47):
And I'm Nathan Hager.
Speaker 3 (14:48):
Join us again tomorrow morning for all the news you
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