October 20, 2025 • 4 mins
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Speaker 1 (00:01):
News when you want it. With Bloomberg News Now, I'm
Dan Schwartzman. President Trump signed an agreement with Australian Prime
Minister Anthony Albinizi to boost access to critical minerals in
rare earths. This includes plans for projects worth a total
up to eight and a half billion dollars. The deal
is part of efforts to secure a stable supply of
critical minerals, with Australia positioning itself as a viable alternative
(00:23):
to China. Meantime, Trump said his administration is still talking
to Beijing about working on a trade deal.
Speaker 2 (00:29):
A lot of countries took advantage of the US and
not taking advantage anymore. No, China's paying a fifty five
percent and a potential one hundred and fifty five percent
come November first, unless we make a deal and a
meeting with President c We have a very good relationship
with it. Be meeting in South Korea in a couple
of weeks and we'll see what we can do.
Speaker 1 (00:51):
That's President Trump. The US China trade truce is set
to expire on November tenth. Former FBI Director James Comy
is fighting federal charges against Bloomberg's Amy Morris, supporting from Washington,
Comy has.
Speaker 3 (01:03):
Moved to dismiss the Justice Department indictment of making false
statements and obstructing a Congressional proceeding. Filing motions that he's
the victim of a vindictive prosecution by President Trump and
challenging the appointment of the prosecutor who brought the case.
The court filing by Comy and his lawyers accuses the
government of singling Comy out for prosecution because of quote
(01:23):
President Trump's personal animus towards mister Comy. They also argue
Trump's appointment of White House aide Lindsay Halligan to be
interim u S attorney is unlawful. Combe's trial is set
to begin January fifth in Washington. Amy Moore as Bloomberg Radio.
Speaker 1 (01:38):
It's day twentieth, the government's shutdown with no end in sight.
Republicans want to pass a short term resolution to resume funding.
Democrats are demanding that any stop gap bill includes additional
health care protections that includes an extension of Enhanced Affordable
Care Act tax credits that are due to expire at
the end of this year. National Economic Council Director Kevin
Hasse predicts that the government shutdown is lightly to end
(02:00):
some time this week, has it? Spoke on CNBC, I think.
Speaker 4 (02:03):
The Schumer shutdown is likely to add some time this week.
But I can tell you that if it doesn't. If
it doesn't, if the story that we've been basically hearing
from moderates that look, we just can't do it in
front of the No Kings rally, if that ends up
not being true, that I think that the White House
is going to have to look very closely, along with
russ vote at stronger measures that we could take to
bring up to the table.
Speaker 1 (02:23):
That's National Economic Council Director Kevin Hassett speaking on CNBC.
A US appeals court allowed President Trump's plan to deploy
troops to Portland, Oregon, to counter protests against his immigration crackdown.
The two to one ruling lifted in order that blocked
the deployment of Oregon National Guard members to Portland, but
it does not affect this second order that blocked the
deployment of troops from any state. The ruling is temporary
(02:45):
and a three day trial on the merits is set
to start in Portland on October twenty ninth, which may
lead to the Appeals Court reviewing the case again. Amazon
Web Services said it has resolved the issues that plagued
its services for about fifteen hours today. In an update
on its service health dashboard. The Amazon dot Com Inc.
Unit set it Services quote return to normal operations as
(03:06):
of about six pm New York time. The outage, caused
by a database network issue, disrupted hundreds of websites and apps.
Earning season is underway. So far, about eighty five percent
of the companies in the S and P five hundred
reported results that have beaten profit expectations, and now more
companies are set to report this week. Rob Hayworth is
a senior investment strategy director at us Bank Asset Management.
(03:28):
He gave us his outlook ahead of this week's earnings.
Speaker 5 (03:30):
It is still a very constructive earning season, and we
think we should probably see that continue as we push
through the rest of the earning season because we've certainly
seen solid consumer data, solid activity data, so this should
be a fairly solid earning season is how it starts.
Seems to be shaping up.
Speaker 1 (03:49):
Rob Hayworth of us Bank Asset Management, speaking on the
Bloomberg BusinessWeek Daily podcast, and one of the companies that
are set to report tomorrow after the Bell is Netflix.
Bloomberg's Tom Busby has more on what investors expect to see.
Expect a combination of new hits like that blockbuster K
Pop demon Hunter's movie and returning hits like the latest
season of Squid Games to give earnings a big boost,
(04:10):
along with growing advertising sales from its live sporting events
and its ad supported subscription tier. Also expect to get
a little boost from some favorable foreign exchange rates. Bloomberg
consensus calls for revenue of eleven point five two billion dollars,
less than half of that coming from the US and Canada,
and earnings per share of six dollars ninety four cents.
Tom Buzby, Bloomberg Radio. In Major League Baseball postseason action,
(04:33):
the Toronto Blue Jays have won Game seven of the ALCS,
knocking off the Mariners. They move on to the World Series.
Game one will be in LA on Friday. And that's
news when you won it with Bloomberg News. Now, I'm
Dan Schwartzman, and this is Bloomberg
News when you want it. With Bloomberg News Now, I'm
Dan Schwartzman. President Trump signed an agreement with Australian Prime
Minister Anthony Albinizi to boost access to critical minerals in
rare earths. This includes plans for projects worth a total
up to eight and a half billion dollars. The deal
is part of efforts to secure a stable supply of
critical minerals, with Australia positioning itself as a viable alternative
(00:23):
to China. Meantime, Trump said his administration is still talking
to Beijing about working on a trade deal.
Speaker 2 (00:29):
A lot of countries took advantage of the US and
not taking advantage anymore. No, China's paying a fifty five
percent and a potential one hundred and fifty five percent
come November first, unless we make a deal and a
meeting with President c We have a very good relationship
with it. Be meeting in South Korea in a couple
of weeks and we'll see what we can do.
Speaker 1 (00:51):
That's President Trump. The US China trade truce is set
to expire on November tenth. Former FBI Director James Comy
is fighting federal charges against Bloomberg's Amy Morris, supporting from Washington,
Comy has.
Speaker 3 (01:03):
Moved to dismiss the Justice Department indictment of making false
statements and obstructing a Congressional proceeding. Filing motions that he's
the victim of a vindictive prosecution by President Trump and
challenging the appointment of the prosecutor who brought the case.
The court filing by Comy and his lawyers accuses the
government of singling Comy out for prosecution because of quote
(01:23):
President Trump's personal animus towards mister Comy. They also argue
Trump's appointment of White House aide Lindsay Halligan to be
interim u S attorney is unlawful. Combe's trial is set
to begin January fifth in Washington. Amy Moore as Bloomberg Radio.
Speaker 1 (01:38):
It's day twentieth, the government's shutdown with no end in sight.
Republicans want to pass a short term resolution to resume funding.
Democrats are demanding that any stop gap bill includes additional
health care protections that includes an extension of Enhanced Affordable
Care Act tax credits that are due to expire at
the end of this year. National Economic Council Director Kevin
Hasse predicts that the government shutdown is lightly to end
(02:00):
some time this week, has it? Spoke on CNBC, I think.
Speaker 4 (02:03):
The Schumer shutdown is likely to add some time this week.
But I can tell you that if it doesn't. If
it doesn't, if the story that we've been basically hearing
from moderates that look, we just can't do it in
front of the No Kings rally, if that ends up
not being true, that I think that the White House
is going to have to look very closely, along with
russ vote at stronger measures that we could take to
bring up to the table.
Speaker 1 (02:23):
That's National Economic Council Director Kevin Hassett speaking on CNBC.
A US appeals court allowed President Trump's plan to deploy
troops to Portland, Oregon, to counter protests against his immigration crackdown.
The two to one ruling lifted in order that blocked
the deployment of Oregon National Guard members to Portland, but
it does not affect this second order that blocked the
deployment of troops from any state. The ruling is temporary
(02:45):
and a three day trial on the merits is set
to start in Portland on October twenty ninth, which may
lead to the Appeals Court reviewing the case again. Amazon
Web Services said it has resolved the issues that plagued
its services for about fifteen hours today. In an update
on its service health dashboard. The Amazon dot Com Inc.
Unit set it Services quote return to normal operations as
(03:06):
of about six pm New York time. The outage, caused
by a database network issue, disrupted hundreds of websites and apps.
Earning season is underway. So far, about eighty five percent
of the companies in the S and P five hundred
reported results that have beaten profit expectations, and now more
companies are set to report this week. Rob Hayworth is
a senior investment strategy director at us Bank Asset Management.
(03:28):
He gave us his outlook ahead of this week's earnings.
Speaker 5 (03:30):
It is still a very constructive earning season, and we
think we should probably see that continue as we push
through the rest of the earning season because we've certainly
seen solid consumer data, solid activity data, so this should
be a fairly solid earning season is how it starts.
Seems to be shaping up.
Speaker 1 (03:49):
Rob Hayworth of us Bank Asset Management, speaking on the
Bloomberg BusinessWeek Daily podcast, and one of the companies that
are set to report tomorrow after the Bell is Netflix.
Bloomberg's Tom Busby has more on what investors expect to see.
Expect a combination of new hits like that blockbuster K
Pop demon Hunter's movie and returning hits like the latest
season of Squid Games to give earnings a big boost,
(04:10):
along with growing advertising sales from its live sporting events
and its ad supported subscription tier. Also expect to get
a little boost from some favorable foreign exchange rates. Bloomberg
consensus calls for revenue of eleven point five two billion dollars,
less than half of that coming from the US and Canada,
and earnings per share of six dollars ninety four cents.
Tom Buzby, Bloomberg Radio. In Major League Baseball postseason action,
(04:33):
the Toronto Blue Jays have won Game seven of the ALCS,
knocking off the Mariners. They move on to the World Series.
Game one will be in LA on Friday. And that's
news when you won it with Bloomberg News. Now, I'm
Dan Schwartzman, and this is Bloomberg
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