November 7, 2025 • 5 mins
Listen for the latest from Bloomberg News
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
in Kaleggi. A US judge has ruled President Trump cannot
deploy the National Guard to Portland, oregonists planned, handing the
President a major loss in his bid to send troops
to democratic led cities to quell immigration protests. A federal
judge Friday sided with the city in the state of Oregon,
which suit to block the deployment of two hundred Oregon
(00:22):
National Guard troops in mid September over the objection of
the governor. The judge said the troops can remain under
federal control while the government's appeals the ruling, but they
cannot be deployed. The U. S. Supreme Court has let
the Trump administration for now withhold four billion dollars in
food aid that a judge had ordered distributed by the
end of the day Friday to fully fund November benefits
(00:43):
for forty two million people amid the government shutdown. The
administrative stay issued by Justice Katanji Brown Jackson, is designed
to give a federal appeals court more time to consider
the administration's request for a longer term order, shielding it
from having to distribute the disputed money. To fund the
Supplemental Nutrition Assistance program known as SNAP. Senate Republicans Frani rejected.
(01:06):
The Democrats offered to scale back their shutdown demands to
a one year extension of expiring healthcare subsidies, prolonging a
stalemate that has disrupted air travel and delayed food aid.
Senate Democratic Leader Chuck Schumer.
Speaker 2 (01:19):
Democrats would like to see an end to this shutdown,
and we want to respect Lem's desire not to negotiate
on ACA until government reopens. Therefore, we'd like to offer
a simple proposal that would reopen the government and extend
the ACA premium tax credits simultaneously, and then have the
(01:40):
opportunity to start negotiating longer term solutions to healthcare costs.
Let's do all three.
Speaker 1 (01:47):
Republican leader John Thune dismissed the offer as a non starter.
A White House official, speaking on the condition of anonymity,
said the Trump administration interpreted Schumer's offers assigned Democrats are
under pressure to make a deal. The official reiteration their
position that Republicans would meet with Democrats on healthcare tax
credits once the government is open. Airlines and their passengers
(02:07):
are coping with delays and cancelations as the shortage of
air traffic controllers increases. Bloomberg asked Chris Sununu, former New
Hampshire governor who is now Chief executive of Airlines for America,
about the potential impact on holiday travel.
Speaker 3 (02:22):
Complete gridlock. It'll hit about three million passengers a day.
You're already seeing pullback from people booking flights right now.
Because the airlines have so much flexibility for the customer.
People aren't canceling just yet, nor should they. Nobody should cancel.
Speaker 1 (02:35):
Transportation Secretary Sean Duffey said on Fox News Friday that
regulators will continue to assess the strain on the aviation system,
and if the data moves in the wrong direction, productions
could increase.
Speaker 4 (02:47):
This shutdown doesn't end relatively soon, the consequence of that
is going to be more controllers don't come to work,
and then we're going to have to continue to assess
the pressure in the airspace and make decisions that may
again move us from tampras zent to fifteen percent, maybe
to twenty.
Speaker 1 (03:02):
President Trump said that no US officials would attend the
Group of twenty conference later this month in South Africa.
The latest escalation in the rift that has erupted over
his claims that the country is mistreating white africaners. It
is a total disgrace that the G twenty will be
held in South Africa. Trump wrote this on social media,
claiming that africaners are being killed and slaughtered and their
(03:24):
land and farms are being illegally confiscated. He continued, no
US government official will attend as long as these human
rights abuses continue. Metsarah has announced that it has amended
a merger agreement with Pfiser Pursue, into which Peiser will
acquire Metsarah for up to eighty six dollars twenty five
cents per share. It consists of sixty five sixty per
share in cash at a contingent value right in titling
(03:46):
holders to additional payments of up to twenty sixty five
per share in cash. Metsara's Board of Directors unanimously recommends
that stockholders approve the adoption of the amended Peiser merger
agreements and approve the merger with Wall Street saw a
sharp bounce some session lows Friday in mid hopes that
US lawmakers are getting closer to a deal ending the
(04:07):
longest shutdown in American history. We get that story from
Bloomberg's Charlie Pellett.
Speaker 5 (04:12):
It was an update for both the S and P
five hundred index and the Dow industrials. But a down
week with the S and P five hundred falling one
point six percent.
Speaker 2 (04:20):
A week like this week hurts. I don't want to
minimize that, but these pullbacks are still fairly shallow.
Speaker 5 (04:25):
Terry Spaths, chief investment officer of Zooma Wealth.
Speaker 2 (04:29):
Stocks, tend to take the elevator down right and the
stairs up.
Speaker 1 (04:32):
They go a lot faster down than they go up.
Speaker 5 (04:35):
For the week, the NASDAK one hundred index was down
three point one percent, while the Dow on the week
down one point two percent. In New York Charlie Pellett
Bloomberg Radio.
Speaker 1 (04:45):
President Trump has granted Hungary and exemption from sanctions on
purchases of Russian oil, providing a major win for Prime
Minister Victor Orbon. Orbon and a US official who requested
and any confirmed Trump's decision following a meeting between the
two leaders Friday at the White House. Orbon has leveraged
his ties with his ideological ally to win the favorable treatment.
The Friday numbers on Wall Street, the Dow gain seventy four,
(05:08):
NASDAK dropped forty five. The sm P added eight. The
ten year treasury yield stands at four point zero nine percent.
The two year is at three point five six percent.
Tim berners Lee dreamed of a world wide Web for everyone.
Nick Klegg and Metta had different ideas in new books.
Both ignore how profit undermined the Internet. The men who
shape the Internet won't be able to fix it. You
(05:30):
can read all about it in Bloomberg's weekend edition, exploring
the places where finance, life and culture meet on bloomberg
dot com and the Bloomberg Business App. That's news when
you want it with Bloomberg News Now, I'm ind Kleggy.
This is Bloomberg
News when you want it with Bloomberg News Now, I'm
in Kaleggi. A US judge has ruled President Trump cannot
deploy the National Guard to Portland, oregonists planned, handing the
President a major loss in his bid to send troops
to democratic led cities to quell immigration protests. A federal
judge Friday sided with the city in the state of Oregon,
which suit to block the deployment of two hundred Oregon
(00:22):
National Guard troops in mid September over the objection of
the governor. The judge said the troops can remain under
federal control while the government's appeals the ruling, but they
cannot be deployed. The U. S. Supreme Court has let
the Trump administration for now withhold four billion dollars in
food aid that a judge had ordered distributed by the
end of the day Friday to fully fund November benefits
(00:43):
for forty two million people amid the government shutdown. The
administrative stay issued by Justice Katanji Brown Jackson, is designed
to give a federal appeals court more time to consider
the administration's request for a longer term order, shielding it
from having to distribute the disputed money. To fund the
Supplemental Nutrition Assistance program known as SNAP. Senate Republicans Frani rejected.
(01:06):
The Democrats offered to scale back their shutdown demands to
a one year extension of expiring healthcare subsidies, prolonging a
stalemate that has disrupted air travel and delayed food aid.
Senate Democratic Leader Chuck Schumer.
Speaker 2 (01:19):
Democrats would like to see an end to this shutdown,
and we want to respect Lem's desire not to negotiate
on ACA until government reopens. Therefore, we'd like to offer
a simple proposal that would reopen the government and extend
the ACA premium tax credits simultaneously, and then have the
(01:40):
opportunity to start negotiating longer term solutions to healthcare costs.
Let's do all three.
Speaker 1 (01:47):
Republican leader John Thune dismissed the offer as a non starter.
A White House official, speaking on the condition of anonymity,
said the Trump administration interpreted Schumer's offers assigned Democrats are
under pressure to make a deal. The official reiteration their
position that Republicans would meet with Democrats on healthcare tax
credits once the government is open. Airlines and their passengers
(02:07):
are coping with delays and cancelations as the shortage of
air traffic controllers increases. Bloomberg asked Chris Sununu, former New
Hampshire governor who is now Chief executive of Airlines for America,
about the potential impact on holiday travel.
Speaker 3 (02:22):
Complete gridlock. It'll hit about three million passengers a day.
You're already seeing pullback from people booking flights right now.
Because the airlines have so much flexibility for the customer.
People aren't canceling just yet, nor should they. Nobody should cancel.
Speaker 1 (02:35):
Transportation Secretary Sean Duffey said on Fox News Friday that
regulators will continue to assess the strain on the aviation system,
and if the data moves in the wrong direction, productions
could increase.
Speaker 4 (02:47):
This shutdown doesn't end relatively soon, the consequence of that
is going to be more controllers don't come to work,
and then we're going to have to continue to assess
the pressure in the airspace and make decisions that may
again move us from tampras zent to fifteen percent, maybe
to twenty.
Speaker 1 (03:02):
President Trump said that no US officials would attend the
Group of twenty conference later this month in South Africa.
The latest escalation in the rift that has erupted over
his claims that the country is mistreating white africaners. It
is a total disgrace that the G twenty will be
held in South Africa. Trump wrote this on social media,
claiming that africaners are being killed and slaughtered and their
(03:24):
land and farms are being illegally confiscated. He continued, no
US government official will attend as long as these human
rights abuses continue. Metsarah has announced that it has amended
a merger agreement with Pfiser Pursue, into which Peiser will
acquire Metsarah for up to eighty six dollars twenty five
cents per share. It consists of sixty five sixty per
share in cash at a contingent value right in titling
(03:46):
holders to additional payments of up to twenty sixty five
per share in cash. Metsara's Board of Directors unanimously recommends
that stockholders approve the adoption of the amended Peiser merger
agreements and approve the merger with Wall Street saw a
sharp bounce some session lows Friday in mid hopes that
US lawmakers are getting closer to a deal ending the
(04:07):
longest shutdown in American history. We get that story from
Bloomberg's Charlie Pellett.
Speaker 5 (04:12):
It was an update for both the S and P
five hundred index and the Dow industrials. But a down
week with the S and P five hundred falling one
point six percent.
Speaker 2 (04:20):
A week like this week hurts. I don't want to
minimize that, but these pullbacks are still fairly shallow.
Speaker 5 (04:25):
Terry Spaths, chief investment officer of Zooma Wealth.
Speaker 2 (04:29):
Stocks, tend to take the elevator down right and the
stairs up.
Speaker 1 (04:32):
They go a lot faster down than they go up.
Speaker 5 (04:35):
For the week, the NASDAK one hundred index was down
three point one percent, while the Dow on the week
down one point two percent. In New York Charlie Pellett
Bloomberg Radio.
Speaker 1 (04:45):
President Trump has granted Hungary and exemption from sanctions on
purchases of Russian oil, providing a major win for Prime
Minister Victor Orbon. Orbon and a US official who requested
and any confirmed Trump's decision following a meeting between the
two leaders Friday at the White House. Orbon has leveraged
his ties with his ideological ally to win the favorable treatment.
The Friday numbers on Wall Street, the Dow gain seventy four,
(05:08):
NASDAK dropped forty five. The sm P added eight. The
ten year treasury yield stands at four point zero nine percent.
The two year is at three point five six percent.
Tim berners Lee dreamed of a world wide Web for everyone.
Nick Klegg and Metta had different ideas in new books.
Both ignore how profit undermined the Internet. The men who
shape the Internet won't be able to fix it. You
(05:30):
can read all about it in Bloomberg's weekend edition, exploring
the places where finance, life and culture meet on bloomberg
dot com and the Bloomberg Business App. That's news when
you want it with Bloomberg News Now, I'm ind Kleggy.
This is Bloomberg
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.