November 27, 2025 • 6 mins
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Speaker 1 (00:00):
News when you want it with Bloomberg News Now. I'm
Doug Prisner. One member of the West Virginia National Guard
who was shot on Wednesday in an attack near the
White House, has died. President Trump announced the passing of
US Army specialist Sarah Bestrom, aged twenty. The other guardsman,
twenty four year old US Air Force staff Sergeant Andrew Wolfe,
remains in critical condition. Here is Trump.
Speaker 2 (00:24):
She's no longer with us.
Speaker 3 (00:25):
She's looking down at us right now. Her parents are
with her.
Speaker 4 (00:31):
This just happened.
Speaker 3 (00:33):
She was savagely attacked. She's dead now with us variable
person outstanding in every single way, in every department.
Speaker 5 (00:43):
That's horrible.
Speaker 1 (00:44):
That is President Trump. Now. A federal investigation is underway
into the shooting. Authorities have launched a nationwide terrorism investigation.
Earlier today, Jeanine Piro, the US attorney for Washington, d C,
had this to say about the charges that the suspect faces.
Speaker 6 (01:01):
The charges that are appropriate right now are three counts
of assault with intent to kill while armed. He will
also be charged with possession of a firearm during a
crime of violence. He faces fifteen years under the assault
with the intent to kill.
Speaker 1 (01:18):
That was janeene Piro, US attorney for Washington d C.
Now the suspect has been identified as a twenty nine
year old Afghan national. He arrived in the US in
twenty twenty one after his prior work with the US
government in Afghanistan. We turn next to the deadly fire
of a high rise apartment complex in Hong Kong. Authorities
(01:38):
warned contractors making renovations about fire hazards one week before
the housing estate was consumed by the city's deadliest fire
in decades, and now there are questions about the effectiveness
of safety enforcement. Firefighters are working for a second day
to extinguish the blaze. The death toll is now ninety four.
Seventy six people have been injured, and it's unclear how
(02:01):
many are still unaccounted for. One area of renewed scrutiny
is the city's use of bamboo scaffolding on major renovation projects.
Here is Regina IP, Hong Kong Legislative Council Member.
Speaker 3 (02:13):
It has been pointed out before that mamboo scaffolding should
only be used for smaller scale renovation, not for renovation
of such a large scale project encompassing eight blocks of
housing estates and also actual one for courts in Taypo
is not a new two controversy. There have been arguments
(02:36):
between the owners about awarding of the contract's renovation contracts.
Which is which costs Hong Kong dollars three hundred and
fifty million, which is above average.
Speaker 1 (02:48):
That is Regina IP, Hong Kong Legislative Council member. Now
a criminal investigation will follow. Police have already arrested three
senior figures from an engineering company on suspicion of manslaw.
President Trump says tremendous progress has been made over the
past week on his peace proposal to end the war
in Ukraine, and today Russian President Vladimir Putin said he
(03:10):
is ready for serious talks. Here is Putin through a translator.
Speaker 4 (03:14):
It was transferred to US, and we acknowledged that it
could have been as a base for the future agreement.
I can't really talk about some final versions because we
don't have.
Speaker 1 (03:28):
Any Russian President Vladimir Putin speaking through a translator.
Speaker 5 (03:31):
Now.
Speaker 1 (03:32):
US Special Envoy Steve Whitkoff is set to go to
Moscow next week to continue negotiations. Pope Leo has used
a trip to Turkey to push for world peace It's
the Pontiff's first foreign visit since his inauguration in May,
and it comes at a crucial time and efforts to
end the war in Ukraine and ease tensions in the
Middle East. Here is Pope Leo.
Speaker 2 (03:53):
We need people who will promote dialogue and practice it
with firm will and patient resolve. We are now experiencing
a phase marked by heightened level of conflict on the
global level. The future of humanity is at stake.
Speaker 1 (04:09):
That was Pope Leo. The Pontiff will now head to
Lebanon for a visit planned by his predecessor, Pope Francis.
In the UK, Prime Minister Kiir Starmer is defending the
move by Chancellor Rachel Reeves to raise taxes as part
of her budget. Ordinary workers and the wealthy will see
higher taxes to pay for welfare giveaways and energy bill support.
(04:31):
Now the biggest tax increases will come to effect as
the Labor Party heads into the next general election. Starmer
told Sky News the plan is essential to growing the
economy and lifting hundreds of children out of poverty.
Speaker 5 (04:45):
This is not a decision of the last few weeks.
All months, I have said that from the get go
it's a moral mission. It is a personal mission to
be my long standing ambition. I'm proud to be the
prime ministers done more on child poverty than any prime
minister ever.
Speaker 1 (04:58):
That is UK Primen mister Keir Starmer, speaking to Sky News.
FedEx is cutting hundreds of jobs in Texas, the story
from Bloomberg's Monica Ricks.
Speaker 7 (05:08):
FedEx plans to cut more than eight hundred and fifty
workers in Copple, Texas, after a third party logistics customer
opted to move its business to a new location at
a different company. The move comes towards the end of
a turbulent year for the logistics industry, which has been
jolted by President Trump's trade policies that have strained key
shipping lanes, especially between the US and China. FedEx is
(05:29):
also undergoing a major restructuring to merge its air and
ground shipping operations into a single network. Its logistics business
is separate from the larger parcel delivery operation. Monica Ricks
Bloomberg Radio.
Speaker 1 (05:42):
Leading Chinese companies are reportedly training their AI models overseas
in order to access chips from Nvidia and bypass US
efforts to prevent Chinese advancement in Ai. The Financial Times
is reporting Ali Baba and Bike Dance are among the
tech firms training their large language models in data centers
in Singapore and Malaysia. And that is news when you
(06:05):
want it with Bloomberg News. Now, I'm Doug Prisoner and
this is Bloomberg
News when you want it with Bloomberg News Now. I'm
Doug Prisner. One member of the West Virginia National Guard
who was shot on Wednesday in an attack near the
White House, has died. President Trump announced the passing of
US Army specialist Sarah Bestrom, aged twenty. The other guardsman,
twenty four year old US Air Force staff Sergeant Andrew Wolfe,
remains in critical condition. Here is Trump.
Speaker 2 (00:24):
She's no longer with us.
Speaker 3 (00:25):
She's looking down at us right now. Her parents are
with her.
Speaker 4 (00:31):
This just happened.
Speaker 3 (00:33):
She was savagely attacked. She's dead now with us variable
person outstanding in every single way, in every department.
Speaker 5 (00:43):
That's horrible.
Speaker 1 (00:44):
That is President Trump. Now. A federal investigation is underway
into the shooting. Authorities have launched a nationwide terrorism investigation.
Earlier today, Jeanine Piro, the US attorney for Washington, d C,
had this to say about the charges that the suspect faces.
Speaker 6 (01:01):
The charges that are appropriate right now are three counts
of assault with intent to kill while armed. He will
also be charged with possession of a firearm during a
crime of violence. He faces fifteen years under the assault
with the intent to kill.
Speaker 1 (01:18):
That was janeene Piro, US attorney for Washington d C.
Now the suspect has been identified as a twenty nine
year old Afghan national. He arrived in the US in
twenty twenty one after his prior work with the US
government in Afghanistan. We turn next to the deadly fire
of a high rise apartment complex in Hong Kong. Authorities
(01:38):
warned contractors making renovations about fire hazards one week before
the housing estate was consumed by the city's deadliest fire
in decades, and now there are questions about the effectiveness
of safety enforcement. Firefighters are working for a second day
to extinguish the blaze. The death toll is now ninety four.
Seventy six people have been injured, and it's unclear how
(02:01):
many are still unaccounted for. One area of renewed scrutiny
is the city's use of bamboo scaffolding on major renovation projects.
Here is Regina IP, Hong Kong Legislative Council Member.
Speaker 3 (02:13):
It has been pointed out before that mamboo scaffolding should
only be used for smaller scale renovation, not for renovation
of such a large scale project encompassing eight blocks of
housing estates and also actual one for courts in Taypo
is not a new two controversy. There have been arguments
(02:36):
between the owners about awarding of the contract's renovation contracts.
Which is which costs Hong Kong dollars three hundred and
fifty million, which is above average.
Speaker 1 (02:48):
That is Regina IP, Hong Kong Legislative Council member. Now
a criminal investigation will follow. Police have already arrested three
senior figures from an engineering company on suspicion of manslaw.
President Trump says tremendous progress has been made over the
past week on his peace proposal to end the war
in Ukraine, and today Russian President Vladimir Putin said he
(03:10):
is ready for serious talks. Here is Putin through a translator.
Speaker 4 (03:14):
It was transferred to US, and we acknowledged that it
could have been as a base for the future agreement.
I can't really talk about some final versions because we
don't have.
Speaker 1 (03:28):
Any Russian President Vladimir Putin speaking through a translator.
Speaker 5 (03:31):
Now.
Speaker 1 (03:32):
US Special Envoy Steve Whitkoff is set to go to
Moscow next week to continue negotiations. Pope Leo has used
a trip to Turkey to push for world peace It's
the Pontiff's first foreign visit since his inauguration in May,
and it comes at a crucial time and efforts to
end the war in Ukraine and ease tensions in the
Middle East. Here is Pope Leo.
Speaker 2 (03:53):
We need people who will promote dialogue and practice it
with firm will and patient resolve. We are now experiencing
a phase marked by heightened level of conflict on the
global level. The future of humanity is at stake.
Speaker 1 (04:09):
That was Pope Leo. The Pontiff will now head to
Lebanon for a visit planned by his predecessor, Pope Francis.
In the UK, Prime Minister Kiir Starmer is defending the
move by Chancellor Rachel Reeves to raise taxes as part
of her budget. Ordinary workers and the wealthy will see
higher taxes to pay for welfare giveaways and energy bill support.
(04:31):
Now the biggest tax increases will come to effect as
the Labor Party heads into the next general election. Starmer
told Sky News the plan is essential to growing the
economy and lifting hundreds of children out of poverty.
Speaker 5 (04:45):
This is not a decision of the last few weeks.
All months, I have said that from the get go
it's a moral mission. It is a personal mission to
be my long standing ambition. I'm proud to be the
prime ministers done more on child poverty than any prime
minister ever.
Speaker 1 (04:58):
That is UK Primen mister Keir Starmer, speaking to Sky News.
FedEx is cutting hundreds of jobs in Texas, the story
from Bloomberg's Monica Ricks.
Speaker 7 (05:08):
FedEx plans to cut more than eight hundred and fifty
workers in Copple, Texas, after a third party logistics customer
opted to move its business to a new location at
a different company. The move comes towards the end of
a turbulent year for the logistics industry, which has been
jolted by President Trump's trade policies that have strained key
shipping lanes, especially between the US and China. FedEx is
(05:29):
also undergoing a major restructuring to merge its air and
ground shipping operations into a single network. Its logistics business
is separate from the larger parcel delivery operation. Monica Ricks
Bloomberg Radio.
Speaker 1 (05:42):
Leading Chinese companies are reportedly training their AI models overseas
in order to access chips from Nvidia and bypass US
efforts to prevent Chinese advancement in Ai. The Financial Times
is reporting Ali Baba and Bike Dance are among the
tech firms training their large language models in data centers
in Singapore and Malaysia. And that is news when you
(06:05):
want it with Bloomberg News. Now, I'm Doug Prisoner and
this is Bloomberg
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