October 4, 2025: Trump Blocked from Sending Troops into Portland, House GOP Stay-Away, More

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Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
med Kalegi. A federal judge in Oregon has temporarily blocked
President Trump's administration from deploying the National Guard in Portland,
ruling in a lawsuit brought by the state and city.
US District Judge Karen Emmergutt issued the order pending further arguments.
In the suit. The plaintiffs say that a deployment would

(00:21):
violate the US Constitution, as well as a federal law
that generally prohibits the military from being used to enforce
domestic laws. Meanwhile, President Trump authorized three hundred National Guard
troops for deployment to Illinois over the objection of state officials,
as part of his campaign to use state troops to
aid federal officers conducting immigration arrests. The order signals and

(00:45):
escalation in the administration's focus on Chicago, where immigration and
Customs enforcement officers have stepped up activity and tensions have
flared between federal agents and protesters outside an immigration processing
center in suburban Broadview, Illinois. House Republican leaders told their
members on a conference call Saturday that they plan to
stay away from Washington while the government is shut down.

(01:08):
Speaker Mike Johnson already announced Friday that the Chamber will
not return to Washington next week, escalating his strategy to
try to force Senate Democrats into passing the GOP written
stopgap measure and reopen the government without a deal on
healthcare subsidies. It's the second time the Louisiana Republican has
moved to keep lawmakers out of town, having earlier canceled
planned votes on September twenty ninth and thirtieth. Earlier Saturday,

(01:31):
the House Democratic Leader Hakim Jeffreys blasted Republicans in an
interview on MSNBC for going on vacation instead of negotiating
a deal to prevent tens of millions from seeing massive
increases in their healthcare premiums. Israel reigned in on its
offensive Ngazam and prepared for talks with a moss after
President Trump halted the militant groups offered to release all

(01:53):
hostages as a breakthrough in his bid to end the
two year war. Prime Minister of Benjamin Nttanya, whose office
had Saturday that Israel was preparing to immediately implement the
first phase of Trump's plan for the immediate release of
all hostages. Trump said in a social media post that
Israel has temporarily stopped the bombing in Gaza and warned
Humas that it must move quickly or else all bets

(02:15):
will be off. Stillantis is planning to invest about ten
billion dollars in the US as the troubled maker of
jeep sport utility vehicles and Ram pickups refocuses on the
market that's pivotal to its profits. The carmaker may announce
in the coming weeks about five billion in fresh money,
on top of a similar amount earmarked earlier in the year.
The investments over several years could be funneled into plants,

(02:38):
including reopenings, hiring, and new models in states such as
Illinois and Michigan. President Trump's trade fight with America's northern
neighbor will be front and center this new week. Bloomberg's
Nathan Hagar reports from Washington.

Speaker 2 (02:51):
Canadian Prime Minister Mark Carney will be in Washington this
Tuesday for his second official visit to the White House.
His office says it will be a working trip focused
on shared priorities in a new economic and security relationship.
Carney last met the President when he hosted the G
seven in Alberta back in June. At the time, he
said he hoped to reach a tariff deal the next month. Instead,
President Trump slapped thirty five percent tariffs on Canadian goods

(03:15):
not covered under the US Mexico Canada agreement. In Washington,
I'm Nathan Hager Bloomberg Radio.

Speaker 1 (03:20):
The S and P five hundred index wrapped up the
trading week at a record We get more from Bloomberg's
Charlie Pellett.

Speaker 3 (03:26):
The SMP is now at sixty seven point fifteen, up
one point one percent for the week. A rally in
tech stocks took a breather in the Friday session, pulling
back from this week's record highs. Despite late day weakness,
the SMP ended fractionally higher, leaving intact its longest winning
streak since July. The broader market gauge has now gone

(03:47):
one hundred and fourteen trading sessions without a five percent pullback.
The Dow this week up one point one percent, NESDAK
this week up one point three percent. In New York,
Charlie Pellette Blomberg Radio.

Speaker 1 (04:01):
NFL commentator and former quarterback Mark Sanchez was apparently stabbed
in an overnight altercation in downtown Indianapolis and was hospitalized
on Saturday. Sanchez, who was in Indianapolis to call Sunday's
Raiders Colts game for Fox Sports, was reported to be
in stable condition. Then The New York Times reported that
Sanchez has been arrested in the hospital when charged with

(04:21):
battery with injury, unlawful entry of a motor vehicle, and
public intoxication. American League Division Series Game one in Toronto,
the Blue Jays beat the New York Yankees ten to one.
National League Division Series Game one in Milwaukee, the Brewers
defeated the Chicago Cubs nine to three. That's news when
you want it with Bloomberg News. Now, I made Kleggy.
This is Bloomberg