November 14, 2025: Trump Cuts Tariffs on Beef & Coffee, FAA Eases Restrictions, More

Listen for the latest from Bloomberg News

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I
med Kleggy. President Trump issued an order Friday reducing tariffs
on beef, tomatoes, coffee, and bananas, a move aimed at
lowering costs on groceries as the administration faces pressure from
voters to cut prices on everyday goods. The exemptions would
reduce trade levees on the commodities, which the White House

(00:22):
said cannot be produced in the US in sufficient quantity
to meet domestic demand. Hundreds of food products, including coconuts, nuts, avocados,
and pineapples, were among the products listed by the Administration
for exemption from tariffs. The tariff breaks are backdated to
take effect at twelve oh one am New York time,
November thirteenth. In some relief at the airport, the US

(00:44):
Federal Aviation Administration has announced it will lower flight reductions
to three percent from six percent, beginning at six am
Eastern Saturday morning. The Justice Department announced it would launch
an investigation into Jeffrey Epstein's ties to former President Bill Clinton,
one time Treasury Secretary Larry Summers, Democratic mega donor Reed Hoffman,

(01:06):
and JP Morgan Chasen Company at the public urging of
Donald Trump after new emails prompted questions about the current
president's own relationship with the disgraced financier. Attorney General Pam
Bondi says she was tasking former Securities and Exchange Commission
Chairman Jake Clayton, who is now the U S. Attorney
for the Southern District of New York, with the probe.

(01:27):
The U S. Attorney's office in the Southern District is
one of the most prestigious, responsible for prosecuting many high
profile financial crimes and cases involving Wall Street. Politico is
reporting House Republican leaders are planning to hold a vote
Tuesday on legislation to force the release of federal files
related to Jeffrey Epstein. A bipartisan group of House lawmakers

(01:48):
is urging the Senate to help come up with a
deal to address the expiration of healthcare subsidies. Bloomberg's Amy
Marris reports from Washington.

Speaker 2 (01:57):
Thirteen House Republicans co signed a letter with knighte teen
House Democrats, signaling support among some Republicans to resolve democrats
core demand to avoid Affordable Care Act premium increases. They're
asking that representatives from both parties in the House be
included in the talks aimed at averting what they're calling
drastic premium increases that would affect more than twenty million Americans.

(02:19):
In that letter, the lawmakers wrote that without a deal,
millions of Americans will lose health care coverage because they
won't be able to afford it. In Washington, Amy Morris
Bloomberg Radio.

Speaker 1 (02:29):
Warren Buffett's Berkshire Hathaway has acquired seventeen point nine million
shares of Google parent Alphabet during the third quarter, while
further trimming its holdings in Bank of America and Apple.
Berkshire's Alphabet steake, representing point three to one percent of
the outstanding shares, was worth about four point nine billion
dollars as of the market clothes. Buffett, who plans to

(02:50):
step down as chief executive officer at year end, has
been finding ways to deploy some of Berkshire's cash pile,
which rose to a record three hundred and eighty two
billion dollars at the end of the quarter. Google plans
to invest forty billion dollars in three new Texas data centers,
ramping up its footprintest competitors such as open Ai and
anthropic Map out their own multi billion dollar bets in

(03:11):
the state. The investment will be made through twenty twenty seven.
One data center will be an Armstrong County in the
Texas Panhandle and to a Haskell County, a stretch of
West Texas near Abilene. One of the Haskell facilities will
be co located with a new solar and battery energy
storage plant designed to ease the impact on the power grid.

(03:32):
Federal Reserve Bank of Dallas President Lori Logan signals she
will not support another interest rate cut unless the data
warrants it.

Speaker 3 (03:40):
I think it would be hard to support another rate
cut unless we were to get convincing evidence that inflation
is really coming down faster than my expectations, or that
we were seeing more than the gradual cooling that we've
been seeing in the labor market.

Speaker 1 (03:56):
Dallas s FEN President Lori Logan, and Walt Disney and
YouTube reached an agreement to restore channels such as ABC
and ESPN to the online video service. The multi year
deal includes Disney's full channel lineup and access to the
recently launched online version of ESPN. The Friday numbers on
Wall Street, the Dow lost three oh nine Nasdak Game thirty,

(04:17):
the S and P Drop three. The ten year treasury
yield is at four point one five percent. The two
year treasury yield stands at three point six zero percent.
Bitcoin fell below ninety five thousand dollars for the first
time at about six months as a bout of risk.
Aversion sweeping across markets saw investors pull nearly nine hundred
million dollars from funds investing in the token. That's news

(04:40):
when you want it with Bloomberg News. Now I made Kleggy.
This is Bloomberg