November 19, 2025: Trump Signs Epstein Files Bill, Nvidia Earnings Beat, More

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Episode Transcript

Speaker 1 (00:00):
News when you wanted with Bloomberg News Now, I'm Doug Prisner.
President Trump says he assigned the bill requiring the Department
of Justice to release the Epstein files. His signature begins
a thirty day countdown for the DOJ to produce these documents.
Here is House Speaker Mike Johnson.

Speaker 2 (00:17):
I'm glad that we've been able to reflect it. All
of us were always from Baximum transparency. We wanted to
do it in a responsible manner, and I'm really hopeful
that the victims and survivors get to take the comfort that.

Speaker 1 (00:28):
Is House Speaker Mike Johnson. Congressional lawmakers are considering a
bill to codify curbs on exports of semiconductors, known as
the Gain AI Act. However, the White House is urging
these members to oppose the bill. The bill would limit
the ability of Invidia to sell its AI chips to
China and other adversary nations. Speaking of Nvidia, after the bill,

(00:50):
the company issued a strong forecast for revenue in the
current period. This outlook signals demand remained strong for Nvidia's
AI accelerators. Company CEO Jensen Wong says sales of the
Blackwell chips are off the charts.

Speaker 3 (01:05):
And Vidio, GPUs and the Cloud are sold out. We
got plenty of Blackwells to sell you. We have lots
of Blackwells coming, We're making a lot of Blackwells, and
we have a bunch of Vera Rubens coming, and so
business is very, very strong. But we've planned our supply
chain incredibly well.

Speaker 1 (01:22):
In Vidia CEO Jensen Wong, speaking earlier to Bloomberg, now,
the company is facing challenges in the Chinese market. We
know the US has restricted shipments of advanced AI chips
to China, and at the same time, Beijing has directed
local AI firms away from using in Vidia chips, Wang said.
In Vidia's forecast for the China market is zero shares

(01:45):
in in video, we're up more than five percent in
late US trading. President Trump is set to meet with
New York City Mayor Alexoron Mamdani at the White House
on Friday. Now. Mamdani campaigned on a progressive platform. It
includes freezing the rent, unstabilized apartments, and providing universal childcare.
The President repeatedly assailed Mamdannie during the campaign, and Trump

(02:08):
has said that his administration would pull funding from New
York City if Mamdanni were to lead it. Trump's aides,
we are told, have been reviewing funds that benefit the
city for potential suspension or cancelation. We go next to
monetary policy and fading optimism over a FED rate cut
next month. Minutes from the last FED meeting show policymakers

(02:29):
are divided. Several were against lowering the Fed's benchmark rate
last month, and many said it would likely be appropriate
to keep rates steady for the remainder of twenty twenty five. Separately,
the Bureau of Labor Statistics will not publish an October
jobs report, and the November jobs data won't be published
until mid December, after the fed's final meeting of the year.

(02:53):
Here is Bloomberg Stuart Pohl, So.

Speaker 4 (02:55):
Folks are basically looking out at the Bureau of Labor
Statistics and saying what would have been a bad jobs
report is not going to be available for the FED
to make its decisions. So there's going to be one
fewer data print encouraging a rate cut. Now we're seeing
as early as October many committee members were ready to

(03:15):
take that December cut off the table.

Speaker 1 (03:17):
That was Bloomberg Stewart, Paul meantime, Kevin Hasseid, one of
the finalists to become FED share next year, said consumer
price pressures may not yet be fully tamed after they
surged in recent years.

Speaker 5 (03:29):
We lost control of inflation in recent memory, and it's
more under control now, maybe not all the way there.
And it's very important to think about why the FED
was unable to control inflation for so long and it
got out of control, and what the FED can do
to signal that that's not going to happen again.

Speaker 1 (03:49):
That is Kevin Hasset, the director of the National Economic Council.
He was speaking at the Bloomberg Insights and Innovation Summit
in Washington, d C. The prosecution of former FBI directs
James Comy has hit another hurdle. The Justice Department acknowledged
in court today that the full grand jury did not
review a copy of the final indictment. Comi's lawyers asked

(04:11):
the judge to throw out the case on grounds the
government was being vindictive. Comy has pleaded not guilty to
charges of making a false statement and obstructing Congress. Republican
lawmakers are resisting President Trump's plan to send two thousand
dollars checks to working class households next year. The White
House previously said the checks would be funded by tariff revenue. However,

(04:34):
GOP lawmakers prefer to use the revenue to reduce the deficit. Trump, though,
was undeterred by this opposition.

Speaker 6 (04:41):
We're going to be doing a dividend to the people
low and middle income, moderate income people of at least
two thousand dollars. In addition to that, we'll be paying
down debt very substantially. It's kind of money.

Speaker 1 (04:54):
We're taken in, President Trump. There. In sports, Major League
Baseball has reached a new three year media rights deal
with NBC Sports as well as ESPN and Netflix. Now
NBC will have Sunday night games and the Wildcard playoffs. Meantime,
Netflix will get the home run derby and the opening
day game at the same time, ESPN will air around

(05:17):
thirty regular season games. It will also get the rights
to market MLBtv as part of its ESPN streaming service.
And that is news when you want it with Bloomberg News. Now,
I'm Doug Prisner, and this is Bloomberg