October 26, 2025 • 5 mins
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Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
Dan Schwartzman. President Trump has departed Malaysia and is on
his way to Japan. Earlier today, on the sidelines of
an international summit in Malaysia, Trump signed a peace agreement
between Cambodia and Thailand. Fighting between the two countries lasted
for five days over the summer. Thailand and Cambodia reached
the ceasefire back in July after Trump threatened to block
(00:23):
trade deals unless the fighting ceased. The peace agreement will
see the release of eighteen Cambodian prisoners of war, but
Thailand later said that it would eventually release the prisoners
after Cambodia withdraws heavy weapons and starts demining the borders.
Here's President Trump.
Speaker 2 (00:36):
I shouldn't say it's a hobby because it's so much
more serious than a hobby. But it's something that I'm
good at and it's something I love to do. The
United Nations should be doing this, but they don't do it.
Speaker 1 (00:46):
That's President Trump. Also today, Trump unveiling trade deals with
several countries in Southeast Asia, aiming to increase access to
critical minerals and markets for US agricultural goods. The agreements
include exemptions from tariffs on key exports some countries such
as Thailand, Cambodia, Vietnam in Malaysia, and framework trade packs
will be enacted in the coming weeks. Here's President Trump again.
Speaker 2 (01:08):
My message to the nations of Southeast Asias at the
United States is with you one hundred percent, and we
intend to be a strong partner and friend for many
generations to come.
Speaker 1 (01:21):
Meantime, over the weekend, US and Chinese officials say that
they have agreed to a framework of a deal on
tariffs and other issues. The trade negotiations happened in Malaysia,
and this comes ahead of President Trump's meeting with Chinese
leader Shijimping later in the week. Treasury Secretary Scott Besson
was part of the US delegation that went to Malaysia
for those trade talks with China. He says that Trump
(01:42):
and she are expected to reach a deal to avert
a new one hundred percent in US tarify on Chinese goods.
Here's Best in speaking on NBC's Meet the Press.
Speaker 3 (01:51):
President Trump gave me a great deal of negotiating leverage
with the threat of the one hundred percent tariffs on
November first, and I believe we've reached a very substantial
framework that will avoid that and allow us to discuss
many other things with the Chinese.
Speaker 1 (02:10):
That's Treasury Secretary Scott Besson speaking on NBC's Meet the Press.
Bessett went on to say that he expects China to
make quote substantial so webean purchases as well as offer
a deferral on sweeping rare earth controls. We go to Argentina,
where President Javier Mile has won the country's midterm vote.
His party received about forty one percent of the vote
in ninety two percent of ballots counted, and claiming sixty
(02:33):
four of one hundred and twenty seven seats in the
lower House of Congress. That's according to data from Interior
Minister Guierre moo Francos. The wing gives me a new
momentum to push ahead with his sweeping economic reforms, and
it also backs up Washington's bet on him. After the
US recently signed a twenty billion dollar currency swap deal
to help stabilize argentina struggling Peso, President Trump said he
(02:55):
is adding ten percent to US tariffs on goods imported
from Canada after the province of our Ontario aired an
anti tariff advertisement featuring Ronald Reagan. Meantime, Canadian Prime Minister
Mark Carney says the world would start shifting away from
trading with the US not just because of Trump's tariffs,
but also because of the Trump administration's rejection of green
energy so natural.
Speaker 4 (03:16):
Which trade is going to shift away.
Speaker 3 (03:19):
By definition. The other reason is from the US for
a period of time. On that it's also shifting because
it's more expensive to trade with the United States.
Speaker 1 (03:28):
That's Canadian Prime Minister Mark Karney speaking at a business
and investment forum in Malaysia. We next go to France,
where there is progress in the search for suspects who
broke into the Louver Bloomberg's Monica ricks with details.
Speaker 4 (03:40):
At least two arrests have been made in Paris, a
week after a shocking Crown jewel heist at the Louver Museum.
French police nabbed one suspect at the airport as he
was trying to make a getaway to Algeria. Both men
now face robbery and conspiracy charges, but investigators are still
searching for at least two other thieves on the team
and have yet to recover the stolen jewelry. The Loop,
(04:01):
meantime has been moving its remaining precious jewels to the
Bank of France for better security. Its vaults hold ninety
percent of the country's gold reserves. Monica Ricks Bloomberg Radio.
Speaker 1 (04:13):
The Trump administration is proposing another rule to toughen the
immigration system. Bloomberg's Nathan Hager reporting from Washington.
Speaker 5 (04:20):
The Department of Homeland Security will now require all immigrants
and non US citizens to be photographed before they 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,
(04:41):
and visa over stays. In Washington, I'm Nathan Hager, Bloomberg Radio.
Speaker 1 (04:46):
K Pop superstar BTS is planning its biggest tour ever.
Speaker 2 (04:50):
Small banker like kriminal under Cover.
Speaker 1 (04:54):
Yon Pat, the South Korean boy band is working on
a new album, which will be released at the end
of March two thousand, twis twenty six.
Speaker 4 (05:01):
Now.
Speaker 1 (05:01):
BTS temporarily disbanded as its members undertook their mandatory military
service With that now done, this will tee up the
group's first proper tour since twenty nineteen. It's all BTS
plans to perform about sixty five dates all over the world,
including more than thirty shows in North America. And that's
news when you want it with Bloomberg News Now, I'm
(05:22):
Dan Schwartzman, and this is Bloomberg
News when you want it with Bloomberg News Now, I'm
Dan Schwartzman. President Trump has departed Malaysia and is on
his way to Japan. Earlier today, on the sidelines of
an international summit in Malaysia, Trump signed a peace agreement
between Cambodia and Thailand. Fighting between the two countries lasted
for five days over the summer. Thailand and Cambodia reached
the ceasefire back in July after Trump threatened to block
(00:23):
trade deals unless the fighting ceased. The peace agreement will
see the release of eighteen Cambodian prisoners of war, but
Thailand later said that it would eventually release the prisoners
after Cambodia withdraws heavy weapons and starts demining the borders.
Here's President Trump.
Speaker 2 (00:36):
I shouldn't say it's a hobby because it's so much
more serious than a hobby. But it's something that I'm
good at and it's something I love to do. The
United Nations should be doing this, but they don't do it.
Speaker 1 (00:46):
That's President Trump. Also today, Trump unveiling trade deals with
several countries in Southeast Asia, aiming to increase access to
critical minerals and markets for US agricultural goods. The agreements
include exemptions from tariffs on key exports some countries such
as Thailand, Cambodia, Vietnam in Malaysia, and framework trade packs
will be enacted in the coming weeks. Here's President Trump again.
Speaker 2 (01:08):
My message to the nations of Southeast Asias at the
United States is with you one hundred percent, and we
intend to be a strong partner and friend for many
generations to come.
Speaker 1 (01:21):
Meantime, over the weekend, US and Chinese officials say that
they have agreed to a framework of a deal on
tariffs and other issues. The trade negotiations happened in Malaysia,
and this comes ahead of President Trump's meeting with Chinese
leader Shijimping later in the week. Treasury Secretary Scott Besson
was part of the US delegation that went to Malaysia
for those trade talks with China. He says that Trump
(01:42):
and she are expected to reach a deal to avert
a new one hundred percent in US tarify on Chinese goods.
Here's Best in speaking on NBC's Meet the Press.
Speaker 3 (01:51):
President Trump gave me a great deal of negotiating leverage
with the threat of the one hundred percent tariffs on
November first, and I believe we've reached a very substantial
framework that will avoid that and allow us to discuss
many other things with the Chinese.
Speaker 1 (02:10):
That's Treasury Secretary Scott Besson speaking on NBC's Meet the Press.
Bessett went on to say that he expects China to
make quote substantial so webean purchases as well as offer
a deferral on sweeping rare earth controls. We go to Argentina,
where President Javier Mile has won the country's midterm vote.
His party received about forty one percent of the vote
in ninety two percent of ballots counted, and claiming sixty
(02:33):
four of one hundred and twenty seven seats in the
lower House of Congress. That's according to data from Interior
Minister Guierre moo Francos. The wing gives me a new
momentum to push ahead with his sweeping economic reforms, and
it also backs up Washington's bet on him. After the
US recently signed a twenty billion dollar currency swap deal
to help stabilize argentina struggling Peso, President Trump said he
(02:55):
is adding ten percent to US tariffs on goods imported
from Canada after the province of our Ontario aired an
anti tariff advertisement featuring Ronald Reagan. Meantime, Canadian Prime Minister
Mark Carney says the world would start shifting away from
trading with the US not just because of Trump's tariffs,
but also because of the Trump administration's rejection of green
energy so natural.
Speaker 4 (03:16):
Which trade is going to shift away.
Speaker 3 (03:19):
By definition. The other reason is from the US for
a period of time. On that it's also shifting because
it's more expensive to trade with the United States.
Speaker 1 (03:28):
That's Canadian Prime Minister Mark Karney speaking at a business
and investment forum in Malaysia. We next go to France,
where there is progress in the search for suspects who
broke into the Louver Bloomberg's Monica ricks with details.
Speaker 4 (03:40):
At least two arrests have been made in Paris, a
week after a shocking Crown jewel heist at the Louver Museum.
French police nabbed one suspect at the airport as he
was trying to make a getaway to Algeria. Both men
now face robbery and conspiracy charges, but investigators are still
searching for at least two other thieves on the team
and have yet to recover the stolen jewelry. The Loop,
(04:01):
meantime has been moving its remaining precious jewels to the
Bank of France for better security. Its vaults hold ninety
percent of the country's gold reserves. Monica Ricks Bloomberg Radio.
Speaker 1 (04:13):
The Trump administration is proposing another rule to toughen the
immigration system. Bloomberg's Nathan Hager reporting from Washington.
Speaker 5 (04:20):
The Department of Homeland Security will now require all immigrants
and non US citizens to be photographed before they 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,
(04:41):
and visa over stays. In Washington, I'm Nathan Hager, Bloomberg Radio.
Speaker 1 (04:46):
K Pop superstar BTS is planning its biggest tour ever.
Speaker 2 (04:50):
Small banker like kriminal under Cover.
Speaker 1 (04:54):
Yon Pat, the South Korean boy band is working on
a new album, which will be released at the end
of March two thousand, twis twenty six.
Speaker 4 (05:01):
Now.
Speaker 1 (05:01):
BTS temporarily disbanded as its members undertook their mandatory military
service With that now done, this will tee up the
group's first proper tour since twenty nineteen. It's all BTS
plans to perform about sixty five dates all over the world,
including more than thirty shows in North America. And that's
news when you want it with Bloomberg News Now, I'm
(05:22):
Dan Schwartzman, and this is Bloomberg
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