November 26, 2025 • 6 mins
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Speaker 1 (00:00):
News when you want it with Bloomberg News. Now, I'm
Doug Prisner. Two members of the West Virginia National Guard
are in critical condition after being shot earlier today near
the White House. The suspect was also shot before being
arrested by other members of the Guard and members of
the Washington d C. Police. And now we are learning
that the suspect is a twenty nine year old Afghan national.
(00:22):
And at the same time, we are learning the US
has stopped processing immigration request from Afghan nationals. Here is
President Trump speaking earlier.
Speaker 2 (00:31):
This heinous assault was an active evil and active hatred
and an active terror. It was a crime against our
entire nation. It was a crime against humanity. The hearts
of all Americans tonight are with those two members of
the West Virginia National Guard and their families.
Speaker 1 (00:50):
That was President Trump. Now, the President has also ordered
five hundred more National Guard troops to Washington following this shooting.
Here is Defense Secretary Pete.
Speaker 3 (01:01):
We will never back down. We will secure our capital,
we will secure our cities. In fact, this happened just
steps away from the White House. It will not stand.
And that's why President Trump has asked me, and I
will ask the Secretary of the Army to the National
Guard to add five hundred additional troops National guardsmen to
Washington DC. This will only stiffen our resolve to ensure
(01:23):
that we make Washington, DC safe and beautiful.
Speaker 1 (01:27):
That was Defense Secretary Pete Hegseth. The Kremlin is confirming
that US Special Envoys Steve Whitkoff is set to visit
Moscow next week for more talks on a peace deal
with Ukraine. Now the White House is optimistic about progress. However,
doubts remain in European capitals. We are told Ukraine's western
allies agree that Russian President Putin has no interest in
(01:49):
an immediate cease fire. Here is Bloomberg's Greg Sullivan.
Speaker 4 (01:52):
Trump dispatched him amid optimism and his latest push to
try and secure a deal. Obviously, there were talks between
the US and Russians happening in Abu Dhabi recently, and
Trump also said that he would dispatch Secretary of the
Army Dan Driscoll to Ukraine to continue those negotiations. He's
largely expressed optimism that the gap between the US and
(02:15):
Ukrainian positions has been narrowing. However, sticking points still remain,
and it's hard to see how certain parts certain changes
that could potentially satisfy Ukrainians wouldn't be a deal breaker
for Russians and vice versa.
Speaker 1 (02:28):
That is Bloomberg's Greg Sullivan Now Moscow has pushed back
on the idea that a deal was imminent. A New
York judge has ordered the Department of Justice to take
new precautions to protect the privacy of victims in the
Jeffrey Epstein case. Now. This order comes after lawyers complained victims'
names were exposed when Congress released a trove of documents
(02:48):
related to the Epstein case. In response, District Judge Richard
Berman directed the DOJ to privately show him information before
it's made public, and at the same time, Berman has
set a Monday deadline for the DOJ to provide the
privacy process to protect Epstein's victims. A federal three judge
panel is allowing North Carolina to use a redrawn congressional
(03:11):
map aimed at flipping a seat to Republicans. This new
map takes aim at North Carolina's only swing seat, currently
held by Democratic US Rep. Don Davis, an African American
who represents more than twenty counties in the state's northeast. Now,
the first district has been represented by black members of
Congress continuously for more than thirty years. The latest FED
(03:34):
survey showed little change in US economic activity during recent weeks.
The so called Beije Book also found employment declined slightly
and prices rose moderately. Here is Claudia sam chief economist
for New Century Advisors.
Speaker 5 (03:49):
The Beijbook was going to be an important input to
this discussion of like how resilient is demand because we've seen,
you know, we don't have our complete picture numbers, like
they're not going to get a GDPs even for the
third quarter before they meet in December. So the beaise
Book is comprehensive, is qualitative, but it's structured and it
does give us a flavor across lots of sectors across
(04:10):
the country.
Speaker 1 (04:11):
Claudia Sam there from New Century Advisors, speaking earlier on
Bloomberg Business Week Daily. Now, multiple FED districts, including New York, Atlanta,
and Minneapolis, reported spending among upper income consumers was resilient. However,
low and middle income households were tightening the belt. Applications
for first time jobless benefits fell last week to the
(04:32):
lowest level since mid April. However, continuing claims edged higher,
indicating labor market stress is not over. Here is Bloomberg's
Michael McKee.
Speaker 6 (04:42):
Continuing claims basis one million, nine hundred and sixty thousand.
That's up slightly from one million, nine hundred and fifty
three thousand, the revised number for the prior week. So
jobless claims still showing a reasonably strong labor market, if
not forgetting as.
Speaker 1 (05:00):
At least for not losing them, that is Bloomberg's Michael McKee.
We go to the UK next, where Chancellor of the
Exchequer Rachel Reeves announced tax increases worth more than thirty
four billion dollars, and in the process she breached Prime
Minister Starmer's campaign promise not to raise broad based taxes now.
The need to raise taxes came in response to forecast
(05:21):
for slower economic growth as well as the push for
more welfare spending, and at the same time, Reeves is
committed to lowering debt, although she said she will not
rule out further tax increases.
Speaker 7 (05:33):
No chancellicker writes future budgets. I took the fair and
necessary choices today, but my focus has been and always
will be or growing our economy so that we can
keep taxes down and have the money we need to
invest in our public services.
Speaker 1 (05:48):
That was UK Chancellor of the Exchequer Rachel Reeves, speaking
earlier to Bloomberg Now. Before Reeves began speaking in the
House of Commons, details of her budget were mistakenly released
by the Office of Budget Responsibility, the UK's budgetary watchdog,
the OBR, apologized and it's investigating the error. And that
is news when you want it with Bloomberg News. Now,
(06:10):
I'm Doug Prisoner and this is Bloomberg
News when you want it with Bloomberg News. Now, I'm
Doug Prisner. Two members of the West Virginia National Guard
are in critical condition after being shot earlier today near
the White House. The suspect was also shot before being
arrested by other members of the Guard and members of
the Washington d C. Police. And now we are learning
that the suspect is a twenty nine year old Afghan national.
(00:22):
And at the same time, we are learning the US
has stopped processing immigration request from Afghan nationals. Here is
President Trump speaking earlier.
Speaker 2 (00:31):
This heinous assault was an active evil and active hatred
and an active terror. It was a crime against our
entire nation. It was a crime against humanity. The hearts
of all Americans tonight are with those two members of
the West Virginia National Guard and their families.
Speaker 1 (00:50):
That was President Trump. Now, the President has also ordered
five hundred more National Guard troops to Washington following this shooting.
Here is Defense Secretary Pete.
Speaker 3 (01:01):
We will never back down. We will secure our capital,
we will secure our cities. In fact, this happened just
steps away from the White House. It will not stand.
And that's why President Trump has asked me, and I
will ask the Secretary of the Army to the National
Guard to add five hundred additional troops National guardsmen to
Washington DC. This will only stiffen our resolve to ensure
(01:23):
that we make Washington, DC safe and beautiful.
Speaker 1 (01:27):
That was Defense Secretary Pete Hegseth. The Kremlin is confirming
that US Special Envoys Steve Whitkoff is set to visit
Moscow next week for more talks on a peace deal
with Ukraine. Now the White House is optimistic about progress. However,
doubts remain in European capitals. We are told Ukraine's western
allies agree that Russian President Putin has no interest in
(01:49):
an immediate cease fire. Here is Bloomberg's Greg Sullivan.
Speaker 4 (01:52):
Trump dispatched him amid optimism and his latest push to
try and secure a deal. Obviously, there were talks between
the US and Russians happening in Abu Dhabi recently, and
Trump also said that he would dispatch Secretary of the
Army Dan Driscoll to Ukraine to continue those negotiations. He's
largely expressed optimism that the gap between the US and
(02:15):
Ukrainian positions has been narrowing. However, sticking points still remain,
and it's hard to see how certain parts certain changes
that could potentially satisfy Ukrainians wouldn't be a deal breaker
for Russians and vice versa.
Speaker 1 (02:28):
That is Bloomberg's Greg Sullivan Now Moscow has pushed back
on the idea that a deal was imminent. A New
York judge has ordered the Department of Justice to take
new precautions to protect the privacy of victims in the
Jeffrey Epstein case. Now. This order comes after lawyers complained victims'
names were exposed when Congress released a trove of documents
(02:48):
related to the Epstein case. In response, District Judge Richard
Berman directed the DOJ to privately show him information before
it's made public, and at the same time, Berman has
set a Monday deadline for the DOJ to provide the
privacy process to protect Epstein's victims. A federal three judge
panel is allowing North Carolina to use a redrawn congressional
(03:11):
map aimed at flipping a seat to Republicans. This new
map takes aim at North Carolina's only swing seat, currently
held by Democratic US Rep. Don Davis, an African American
who represents more than twenty counties in the state's northeast. Now,
the first district has been represented by black members of
Congress continuously for more than thirty years. The latest FED
(03:34):
survey showed little change in US economic activity during recent weeks.
The so called Beije Book also found employment declined slightly
and prices rose moderately. Here is Claudia sam chief economist
for New Century Advisors.
Speaker 5 (03:49):
The Beijbook was going to be an important input to
this discussion of like how resilient is demand because we've seen,
you know, we don't have our complete picture numbers, like
they're not going to get a GDPs even for the
third quarter before they meet in December. So the beaise
Book is comprehensive, is qualitative, but it's structured and it
does give us a flavor across lots of sectors across
(04:10):
the country.
Speaker 1 (04:11):
Claudia Sam there from New Century Advisors, speaking earlier on
Bloomberg Business Week Daily. Now, multiple FED districts, including New York, Atlanta,
and Minneapolis, reported spending among upper income consumers was resilient. However,
low and middle income households were tightening the belt. Applications
for first time jobless benefits fell last week to the
(04:32):
lowest level since mid April. However, continuing claims edged higher,
indicating labor market stress is not over. Here is Bloomberg's
Michael McKee.
Speaker 6 (04:42):
Continuing claims basis one million, nine hundred and sixty thousand.
That's up slightly from one million, nine hundred and fifty
three thousand, the revised number for the prior week. So
jobless claims still showing a reasonably strong labor market, if
not forgetting as.
Speaker 1 (05:00):
At least for not losing them, that is Bloomberg's Michael McKee.
We go to the UK next, where Chancellor of the
Exchequer Rachel Reeves announced tax increases worth more than thirty
four billion dollars, and in the process she breached Prime
Minister Starmer's campaign promise not to raise broad based taxes now.
The need to raise taxes came in response to forecast
(05:21):
for slower economic growth as well as the push for
more welfare spending, and at the same time, Reeves is
committed to lowering debt, although she said she will not
rule out further tax increases.
Speaker 7 (05:33):
No chancellicker writes future budgets. I took the fair and
necessary choices today, but my focus has been and always
will be or growing our economy so that we can
keep taxes down and have the money we need to
invest in our public services.
Speaker 1 (05:48):
That was UK Chancellor of the Exchequer Rachel Reeves, speaking
earlier to Bloomberg Now. Before Reeves began speaking in the
House of Commons, details of her budget were mistakenly released
by the Office of Budget Responsibility, the UK's budgetary watchdog,
the OBR, apologized and it's investigating the error. And that
is news when you want it with Bloomberg News. Now,
(06:10):
I'm Doug Prisoner and this is Bloomberg
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