October 28, 2025 • 5 mins
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Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
Doug Prisner. President Trump is now in South Korea for
the final stop of his trip in Asia, and it's
there on Thursday that Trump will be meeting with Chinese
President Chichinping on the sidelines of the APEC summit. Trump
said he's expecting to lower tariffs the US has imposed
on Chinese goods over China's role in the fentanyl crisis.
(00:24):
Trump also said he is open to providing China with
access to Nvidia's Blackwell AI processors as part of a
trade deal.
Speaker 2 (00:32):
We're about ten years ahead of anybody else in gyps
in the highly sophisticated Gypsy.
Speaker 1 (00:39):
I think we may be talking about that with President He.
Speaker 3 (00:42):
Discouraged Chins actually discouraged sale purchase of those chips.
Speaker 4 (00:46):
Is that something that's on the table. Well, China actually.
Speaker 2 (00:51):
Terminated the relationship with na video.
Speaker 5 (00:54):
That was a big thing.
Speaker 1 (00:55):
That was President Trump speaking to reporters ahead of the
APEC summit in South Korea. We go to Jamaica, next
to where earlier Hurricane Melissa made landfall. It was the
strongest recorded storm to strike the country, as maximum sustained
winds reached one hundred and eighty five miles an hour. Currently,
Melissa has been downgraded to a Category three storm and
(01:16):
it's beginning to slowly move away from Jamaica. Even so,
residents and tourists are not yet out of the clear.
Here is Michael Brennan, director of the National Hurricane Center.
Speaker 4 (01:27):
Haitian the American Republic, catastrophic flash flooding risk continues there landslides,
especially across southwestern Haiti southern portion of the Dominican Republic.
Over the next day or so, those rainfall will continue
there with additional six to eight inches expected in portions
of those countries. Eastern Cuba, conditions are going to rapidly
deteriorate tonight. Be in your safe place, preparing for damaging
(01:48):
hurricane force winds, dangerous storm surge, and potentially life threatening flooding.
Speaker 1 (01:53):
That is Michael Brennan, director of the National Hurricane Center.
Back in the States, the Senate has failed to reopen
the government and the shutdown has hit the four week mark.
Now benefits from the Supplemental Nutrition Assistance Program or SNAP
are days away from running out. House Minority Leader Hakking
Jeffrey says Republicans are weaponizing hunger.
Speaker 4 (02:13):
Yeah, threatening to withhold funding that the Trump administration has
in a contingency fund.
Speaker 1 (02:21):
At the same time, today, a federal judge blocked the
Trump administration from laying off federal employees during the shutdown.
The injunction prohibits any new layoff notices for federal workers
and will pause any existing ones. Israeli Prime Minister Benjamin
Necniah who ordered what he called forceful strikes against Hamas
now this move came in response to attacks on Israeli
(02:43):
soldiers in Gaza. Israeli Defense Minister Israel Katz said Hamas
will pay a heavy price for attacking Israeli soldiers and
violating a promise to return the bodies of dead hostages. Meantime,
Vice President JD. Vance said the ceasefire deal remains intact.
Speaker 4 (03:00):
President achieved a historic piece in the Middle East.
Speaker 5 (03:04):
The ceasefire is holding.
Speaker 4 (03:05):
That doesn't mean that there aren't going to be little
skirmishes here and there.
Speaker 1 (03:09):
Vice President JD. Van speaking there by the way, Hamas
has said it cannot work faster because of devastating conditions
on the ground in Gaza after two years of war.
On Monday, the Trump administration launched its largest military strikes
yet on alleged drug traffickers. Four boats were destroyed and
fourteen people killed. The three strikes in international waters in
(03:32):
the Eastern Pacific Ocean were announced by Defense Secretary Pete Hegseth.
This marks a continued escalation of the pace of strikes.
They began in early September in the Trump administration's campaign
against alleged Narco terrorists, and since then at least fifty
seven people have been killed. Tomorrow, the FED is expected
(03:52):
to cut its policy rate by a quarter point. We
have more from Bloomberg's Charlie Pellett.
Speaker 5 (03:56):
A Fed rake god is seen as a done deal
because of the job market that according to Matt Lozetti,
chief US economist at Deutsche Bank, the.
Speaker 3 (04:04):
Labor market picture has shown some weakness. You know, we've
seen job gains which have slaid materially. There's been some
upward movement in measures of labor market slack all someone
at the margins, but it does push the FED in
a little bit more worried direction about the labor market
than inflation.
Speaker 5 (04:18):
Bloomberg Intelligence says there will likely be two descents, one
from FED Governor Stephen Myron in favor of a fifty
basis point cut, and one from Governor Michelle Bowman in
favor of continuing to shrink the balance sheet. In New
York Charlie Palett Bloomberg.
Speaker 1 (04:34):
Radio, solid gains in tech stocks sent the major averages
to fresh record highs on Tuesday in front of the
start of big tech earnings. More from Bloomberg's tom.
Speaker 2 (04:43):
Busby, Microsoft, Alphabet, and Meta Platforms all reporting their latest
quarterly results after today's closing bell, with investors hoping for
confirmation that the massive amounts of money each of those
companies has invested in artificial intelligence will show some sign
of paying off. Look for Alphabet to port gains in
its cloud computing unit and continued strength and advertising revenue
(05:04):
key for Microsoft It's Azure cloud computing unit. But Amazon's
earnings may be overshadowed by plans to slash fourteen thousand
jobs and that recent Amazon Web Services outage. Tom buzby
Bloomberg Radio.
Speaker 1 (05:17):
In sports, the Toronto Bluejays beat the Los Angeles Dodgers
in Game four of the World Series. The score was
six to two and the series is now tied at
two games apiece, and that is news when you want
it with Bloomberg News. Now, I'm Doug Prisner, and this
is Bloomberg
News when you want it with Bloomberg News Now, I'm
Doug Prisner. President Trump is now in South Korea for
the final stop of his trip in Asia, and it's
there on Thursday that Trump will be meeting with Chinese
President Chichinping on the sidelines of the APEC summit. Trump
said he's expecting to lower tariffs the US has imposed
on Chinese goods over China's role in the fentanyl crisis.
(00:24):
Trump also said he is open to providing China with
access to Nvidia's Blackwell AI processors as part of a
trade deal.
Speaker 2 (00:32):
We're about ten years ahead of anybody else in gyps
in the highly sophisticated Gypsy.
Speaker 1 (00:39):
I think we may be talking about that with President He.
Speaker 3 (00:42):
Discouraged Chins actually discouraged sale purchase of those chips.
Speaker 4 (00:46):
Is that something that's on the table. Well, China actually.
Speaker 2 (00:51):
Terminated the relationship with na video.
Speaker 5 (00:54):
That was a big thing.
Speaker 1 (00:55):
That was President Trump speaking to reporters ahead of the
APEC summit in South Korea. We go to Jamaica, next
to where earlier Hurricane Melissa made landfall. It was the
strongest recorded storm to strike the country, as maximum sustained
winds reached one hundred and eighty five miles an hour. Currently,
Melissa has been downgraded to a Category three storm and
(01:16):
it's beginning to slowly move away from Jamaica. Even so,
residents and tourists are not yet out of the clear.
Here is Michael Brennan, director of the National Hurricane Center.
Speaker 4 (01:27):
Haitian the American Republic, catastrophic flash flooding risk continues there landslides,
especially across southwestern Haiti southern portion of the Dominican Republic.
Over the next day or so, those rainfall will continue
there with additional six to eight inches expected in portions
of those countries. Eastern Cuba, conditions are going to rapidly
deteriorate tonight. Be in your safe place, preparing for damaging
(01:48):
hurricane force winds, dangerous storm surge, and potentially life threatening flooding.
Speaker 1 (01:53):
That is Michael Brennan, director of the National Hurricane Center.
Back in the States, the Senate has failed to reopen
the government and the shutdown has hit the four week mark.
Now benefits from the Supplemental Nutrition Assistance Program or SNAP
are days away from running out. House Minority Leader Hakking
Jeffrey says Republicans are weaponizing hunger.
Speaker 4 (02:13):
Yeah, threatening to withhold funding that the Trump administration has
in a contingency fund.
Speaker 1 (02:21):
At the same time, today, a federal judge blocked the
Trump administration from laying off federal employees during the shutdown.
The injunction prohibits any new layoff notices for federal workers
and will pause any existing ones. Israeli Prime Minister Benjamin
Necniah who ordered what he called forceful strikes against Hamas
now this move came in response to attacks on Israeli
(02:43):
soldiers in Gaza. Israeli Defense Minister Israel Katz said Hamas
will pay a heavy price for attacking Israeli soldiers and
violating a promise to return the bodies of dead hostages. Meantime,
Vice President JD. Vance said the ceasefire deal remains intact.
Speaker 4 (03:00):
President achieved a historic piece in the Middle East.
Speaker 5 (03:04):
The ceasefire is holding.
Speaker 4 (03:05):
That doesn't mean that there aren't going to be little
skirmishes here and there.
Speaker 1 (03:09):
Vice President JD. Van speaking there by the way, Hamas
has said it cannot work faster because of devastating conditions
on the ground in Gaza after two years of war.
On Monday, the Trump administration launched its largest military strikes
yet on alleged drug traffickers. Four boats were destroyed and
fourteen people killed. The three strikes in international waters in
(03:32):
the Eastern Pacific Ocean were announced by Defense Secretary Pete Hegseth.
This marks a continued escalation of the pace of strikes.
They began in early September in the Trump administration's campaign
against alleged Narco terrorists, and since then at least fifty
seven people have been killed. Tomorrow, the FED is expected
(03:52):
to cut its policy rate by a quarter point. We
have more from Bloomberg's Charlie Pellett.
Speaker 5 (03:56):
A Fed rake god is seen as a done deal
because of the job market that according to Matt Lozetti,
chief US economist at Deutsche Bank, the.
Speaker 3 (04:04):
Labor market picture has shown some weakness. You know, we've
seen job gains which have slaid materially. There's been some
upward movement in measures of labor market slack all someone
at the margins, but it does push the FED in
a little bit more worried direction about the labor market
than inflation.
Speaker 5 (04:18):
Bloomberg Intelligence says there will likely be two descents, one
from FED Governor Stephen Myron in favor of a fifty
basis point cut, and one from Governor Michelle Bowman in
favor of continuing to shrink the balance sheet. In New
York Charlie Palett Bloomberg.
Speaker 1 (04:34):
Radio, solid gains in tech stocks sent the major averages
to fresh record highs on Tuesday in front of the
start of big tech earnings. More from Bloomberg's tom.
Speaker 2 (04:43):
Busby, Microsoft, Alphabet, and Meta Platforms all reporting their latest
quarterly results after today's closing bell, with investors hoping for
confirmation that the massive amounts of money each of those
companies has invested in artificial intelligence will show some sign
of paying off. Look for Alphabet to port gains in
its cloud computing unit and continued strength and advertising revenue
(05:04):
key for Microsoft It's Azure cloud computing unit. But Amazon's
earnings may be overshadowed by plans to slash fourteen thousand
jobs and that recent Amazon Web Services outage. Tom buzby
Bloomberg Radio.
Speaker 1 (05:17):
In sports, the Toronto Bluejays beat the Los Angeles Dodgers
in Game four of the World Series. The score was
six to two and the series is now tied at
two games apiece, and that is news when you want
it with Bloomberg News. Now, I'm Doug Prisner, and this
is Bloomberg
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