August 8, 2025: White House to Clarify Gold Tariffs, Trump-Putin Meeting Set, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
med Kalki. The Trump administration suggested it would issue a
new policy clarifying that imports of gold bars shouldn't face
tariffs after US government agency stun traders by formally ruling
that day'd be subject to duties. A White House official
told Bloomberg in a written statement, the administration intends to
post an executive order in the near future to clarify

(00:23):
what it called misinformation about the tariffing of gold and
other specialty products. Futures prices on New York's comex pair
gains and the global benchmark for spot prices in London
fell after the White House statement. President Trump announced that
he plans to meet with Russian President Vladimir Putin next
Friday and Alaska, as the US president looks to brok

(00:44):
or a ceasefire agreement in hopes of bringing an end
to the war in Ukraine. Trump wrote in as social
media post, the highly anticipated meeting between myself as President
of the United States of America, and President Vladimir Putin
of Russia will take place next Friday, August fifth, teenth,
twenty twenty five, in the Great State of Alaska, Further
details to follow. Earlier Frani, Trump announced his plans to

(01:07):
hold the meeting during a summit with Armenia and Azerbaijan
in the White House and indicated Ukrainian President Volodimir Zelenski
may not be involved. A suspected shooter near the campuses
of the US Centers for Disease Control and Prevention and
Emory University is dead and one law enforcement officer has
died after police responded to reports of an active shooter.

(01:28):
Frani Police did not specify whether other people were injured.
Authority said there was no longer a threat to the public.
Emory University announced in a post on x that the
shelter in place order on campus had been lifted, but
asked people to avoid the area. Staff at a nearby
Delhi said they heard what sounded like a string of gunshots.
CDC employees said bullets struck the windows of several buildings

(01:50):
on their campus. Interim Chief Greg Patrick announced the death
of the officer.

Speaker 2 (01:54):
It's with profound sadness that we announced the loss of
the life of one of our very own Scout County
Police officers. This officer responded to the call as he
did as he was trained to do, and during that incident,
he received gunfire and he lost his life in this incident.

Speaker 1 (02:12):
The Trump administration is considering selling shares of Fanny May
and Freddie Mack, and an offering that could start as
early as this year. This according to senior administration officials,
the plan could value the government controlled mortgage giants at
some five hundred billion dollars or more and would involve
selling between five and fifteen percent of their stock, with
an offering expected to raise about thirty billion dollars. No

(02:34):
final decision has been made, and President Trump is still
weighing his options. The Wall Street Journal earlier reported the news.
The New York Times reports that, according to a US official,
Billy Long, a former Republican congressman, will no longer serve
as the Tax Agency's head. Treasury Secretary Scott Bessant will
oversee the agency as acting Commissioner. President Trump is removing

(02:57):
Billy Long from his job leading the IRS less than
two months after he was confirmed as commissioner. The US
under President Trump is crafting a confrontational approach towards Latin America,
which signals a willingness to use military force against drug cartels,
discarding the Biden administration's preference for carrots over stix to

(03:17):
cox countries into alignment with the US interests. The New
York Times reported Friday that the President ordered the Defense
Department to prepare options to take military action against Latin
American drug cartels. A US agreement with Mexico to expand
security cooperation, expected to be signed to the coming weeks,
would facilitate joint monitoring of criminal organizations by security forces

(03:39):
and coordination on the border. Authority said Friday they have
captured dead a man suspected in a shooting at a
Montana bar that left four people dead and prompted the
lockdown of a neighborhood. Authority said Friday they have captured
dead a man suspected and a shooting at a Montana
bar that left four people dead and prompted the lockdown
of a neighborhood. Michael Paul Brown was captured seven days

(04:02):
after the August first shooting at the almar and Anaconda,
about one hundred miles from Missoula, Montana. Authorities have not
said what sparked the shooting. Brown lived next door to
the bar. Homeland Security Secretary Christine Nomes said her efforts
to curb illegal immigration have been working.

Speaker 3 (04:20):
We have had for three months in a row, zero
illegal aliens entering the United States. Also, we've been working
on getting dangerous criminal illegal aliens out of our country, murderers, rapists,
drug traffickers, human traffickers, removing them from our communities so
that our families can be safe.

Speaker 1 (04:37):
Again at night, Homeland Security Secretary Christineome. President Trump is
announcing settlement of the war between Armenia and Azerbaijan, which
invaded and conquered an enclave where our Medians have lived.
Former Undersecretary of State Wendy Sherman talked about it in
a Bloomberg interview.

Speaker 4 (04:52):
It may mean that a transit route will get named
after President Trump, but it won't really resolve Nagorno Karabach,
which is at the heart of the conflict between Armenia
and Iserbaijan. It also will not be something that Russia
much likes.

Speaker 1 (05:08):
And after one hundred and forty five days doctor the
International space station SpaceX IS Dragon autonomously undocked from the
space station at six oh five pm Eastern Friday after
performing a series of departure burns to move away from
the space station Dragon conducted multiple orbit lowering maneuvers, jettisoning
the trunk and will re enter Earth's atmosphere for splashdown

(05:30):
off the coast of California approximately eight thirty three am
Pacific time Saturday morning. Friday. Numbers on Wall Street the
Dow gain two six, Nasdaq was up two oh seven,
The S ANDP added forty nine. The ten year Treasury
yield at four point two eight percent. The two year
stands at three point seven six percent. That's news when
you wanted with Bloomberg News. Now I'm at Kalggi. This

(05:52):
is Bloomberg