October 25, 2025 • 5 mins
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Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I
made Caleggy. President Trump said he's increasing US tariffs on
Canada by ten percent in response to an anti tariff advertisement,
but the province of Ontario that is royling one of
the world's biggest bilateral trade relationships. Trump's truth social post
follows days of public clashes over the ad, which invoked
(00:22):
former President Ronald Reagan's stance as a free trader and
triggered the current US president's eyre, prompting him to suspend
trade negotiations with Canada. Trump said Saturday, quote because of
their serious misrepresentation of the facts and hostile act, I
am increasing the tarif on Canada by ten percent, over
and above what they are paying now. Hurricane Melissa will
(00:45):
likely become a chart topping category five hurricane as it
nears Jamaica's coast early next week, bringing house flattening winds
across the island and catastrophic flooding. The storm is starting
to rapidly intensify, and its winds will likely reach each
one hundred and sixty miles an hour in two days
as it nears Jamaica, where it should make landfall early Tuesday.
(01:07):
The hurricane may lose some strength by then, but it
will still probably be a Category four system. President Trump
says he may discuss a decline in Chinese purchases of
Russian oil with Shi Jinping following US sanctions on two
major oil companies that expressed disappointment with Vladimir Putin over
his conduct of the war Ukraine. Trump, speaking to reporters
(01:28):
in routes to Asia for a meeting with leaders including She,
said he hopes his talks Thursday with the Chinese president
would yield a complete deal.
Speaker 2 (01:36):
A complete deal. I want our farmers to be taken
care of that he wants things. Also, we're going to
be talking about fent and all. Of course, you know,
fent goes killing a lot of people, a lot of
people that comes from China.
Speaker 1 (01:48):
An increasingly acrimonious standoff between the US and China overtrade
tech and raw material restrictions has raised the stakes for
Trump's trip to Asia. Trump and she planned to meet
during an Asia Pacific Eeasconomic Cooperation summit in South Korea.
In the build up, US and Chinese negotiators held trade
talks in Kuwala, Lumpur on Saturday that a US Treasury
(02:09):
spokesperson called very constructive. We're learning more about the massive
donation to the Pentagon who helped pay troops during the
US government shutdown. Bloomberg's Monica Rix reports.
Speaker 3 (02:19):
The Pentagon says it received an anonymous one hundred and
thirty million dollar donation to pay the military during the
government's shutdown, and President Trump confirmed it was a friend
who cut the check. Now for New York Times reports
that money came from Timothy Mellon, a wealthy banking heir
and railroad magnate who's been a major financial Trump supporter.
Melon's given tens of millions of dollars to group supporting
(02:41):
the president's campaign, including a fifty million dollar donation to
a super pack last year. It was one of the
largest single contributions ever disclosed, Monica Rix Bloomberg Radio.
Speaker 1 (02:52):
The Trump administration is proposing another rule to toughen the
immigration system. Bloomberg's Nathan Hager reports from Washington.
Speaker 4 (03:00):
The Department of Homeland Security will now require all immigrants
and non US citizens to be photographed before the enter
or leave the country. US Customs and Border Protection already
requires photos and fingerprints from certain immigrants and foreign visitors.
At designated locations. DHS says this new expanded rule will
help address national security concerns, fraudulent use of travel documentation,
(03:21):
and visa overstays. In Washington, I'm Nathan Hager.
Speaker 1 (03:24):
Bloomberg Radio, Kamala Harris is not ruling out another run
for the White House. In an interview with the BBC
posted Saturday, Harris said she expects a woman will be
president in the coming years, and it could possibly be her.
The former Vice president said she has not decided whether
to mount a twenty twenty eight presidential campaign, but she
dismissed the suggestion that she'd faced long odds. President Trump's
(03:46):
nominees to serve as Inspector's General faced sharp questions about
their ability to remain neutral during Senate confirmation hearings. Bloomberg's
Amy Marris reports from Washington.
Speaker 5 (03:56):
Democratic Senator Gary Peters of Michigan expressed concerns about the
nominee's ability to conduct effective oversight given the president's attacks
on the independence of inspectors general. The scrutiny of the
nominees comes after Trump fired igs across sixteen agencies. A
federal judge ruled the firings unlawful, but declined to reinstate
(04:16):
those officials. The nominees insist they will remain independent if
confirmed to their posts, but still faced scrutiny from more
Democratic senators in Washington, Amy Moore as Bloomberg Radio.
Speaker 1 (04:27):
And finally, if your next deli sandwich seems a bit
short on lunch meet, you're probably not imagining it. Consumer
prices for lunch meets rose four point two percent in September,
the largest monthly increase on record, far out pacing the
point three percent rise in broader grocery costs, according to
the Bureau of Labor Statistics. Year on year, lunch meat
prices increased at almost the same pace. And now you
(04:50):
know why the sandwich God's created peanut butter and jelly.
That's news when you wanted with Bloomberg News. Now I'm
in Kalenki.
Speaker 2 (04:58):
This is b
News when you want it with Bloomberg News Now, I
made Caleggy. President Trump said he's increasing US tariffs on
Canada by ten percent in response to an anti tariff advertisement,
but the province of Ontario that is royling one of
the world's biggest bilateral trade relationships. Trump's truth social post
follows days of public clashes over the ad, which invoked
(00:22):
former President Ronald Reagan's stance as a free trader and
triggered the current US president's eyre, prompting him to suspend
trade negotiations with Canada. Trump said Saturday, quote because of
their serious misrepresentation of the facts and hostile act, I
am increasing the tarif on Canada by ten percent, over
and above what they are paying now. Hurricane Melissa will
(00:45):
likely become a chart topping category five hurricane as it
nears Jamaica's coast early next week, bringing house flattening winds
across the island and catastrophic flooding. The storm is starting
to rapidly intensify, and its winds will likely reach each
one hundred and sixty miles an hour in two days
as it nears Jamaica, where it should make landfall early Tuesday.
(01:07):
The hurricane may lose some strength by then, but it
will still probably be a Category four system. President Trump
says he may discuss a decline in Chinese purchases of
Russian oil with Shi Jinping following US sanctions on two
major oil companies that expressed disappointment with Vladimir Putin over
his conduct of the war Ukraine. Trump, speaking to reporters
(01:28):
in routes to Asia for a meeting with leaders including She,
said he hopes his talks Thursday with the Chinese president
would yield a complete deal.
Speaker 2 (01:36):
A complete deal. I want our farmers to be taken
care of that he wants things. Also, we're going to
be talking about fent and all. Of course, you know,
fent goes killing a lot of people, a lot of
people that comes from China.
Speaker 1 (01:48):
An increasingly acrimonious standoff between the US and China overtrade
tech and raw material restrictions has raised the stakes for
Trump's trip to Asia. Trump and she planned to meet
during an Asia Pacific Eeasconomic Cooperation summit in South Korea.
In the build up, US and Chinese negotiators held trade
talks in Kuwala, Lumpur on Saturday that a US Treasury
(02:09):
spokesperson called very constructive. We're learning more about the massive
donation to the Pentagon who helped pay troops during the
US government shutdown. Bloomberg's Monica Rix reports.
Speaker 3 (02:19):
The Pentagon says it received an anonymous one hundred and
thirty million dollar donation to pay the military during the
government's shutdown, and President Trump confirmed it was a friend
who cut the check. Now for New York Times reports
that money came from Timothy Mellon, a wealthy banking heir
and railroad magnate who's been a major financial Trump supporter.
Melon's given tens of millions of dollars to group supporting
(02:41):
the president's campaign, including a fifty million dollar donation to
a super pack last year. It was one of the
largest single contributions ever disclosed, Monica Rix Bloomberg Radio.
Speaker 1 (02:52):
The Trump administration is proposing another rule to toughen the
immigration system. Bloomberg's Nathan Hager reports from Washington.
Speaker 4 (03:00):
The Department of Homeland Security will now require all immigrants
and non US citizens to be photographed before the enter
or leave the country. US Customs and Border Protection already
requires photos and fingerprints from certain immigrants and foreign visitors.
At designated locations. DHS says this new expanded rule will
help address national security concerns, fraudulent use of travel documentation,
(03:21):
and visa overstays. In Washington, I'm Nathan Hager.
Speaker 1 (03:24):
Bloomberg Radio, Kamala Harris is not ruling out another run
for the White House. In an interview with the BBC
posted Saturday, Harris said she expects a woman will be
president in the coming years, and it could possibly be her.
The former Vice president said she has not decided whether
to mount a twenty twenty eight presidential campaign, but she
dismissed the suggestion that she'd faced long odds. President Trump's
(03:46):
nominees to serve as Inspector's General faced sharp questions about
their ability to remain neutral during Senate confirmation hearings. Bloomberg's
Amy Marris reports from Washington.
Speaker 5 (03:56):
Democratic Senator Gary Peters of Michigan expressed concerns about the
nominee's ability to conduct effective oversight given the president's attacks
on the independence of inspectors general. The scrutiny of the
nominees comes after Trump fired igs across sixteen agencies. A
federal judge ruled the firings unlawful, but declined to reinstate
(04:16):
those officials. The nominees insist they will remain independent if
confirmed to their posts, but still faced scrutiny from more
Democratic senators in Washington, Amy Moore as Bloomberg Radio.
Speaker 1 (04:27):
And finally, if your next deli sandwich seems a bit
short on lunch meet, you're probably not imagining it. Consumer
prices for lunch meets rose four point two percent in September,
the largest monthly increase on record, far out pacing the
point three percent rise in broader grocery costs, according to
the Bureau of Labor Statistics. Year on year, lunch meat
prices increased at almost the same pace. And now you
(04:50):
know why the sandwich God's created peanut butter and jelly.
That's news when you wanted with Bloomberg News. Now I'm
in Kalenki.
Speaker 2 (04:58):
This is b
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