October 9, 2025: Israel Gov. Approves Hostage Deal, Letitia James Indicted, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
Doug Prisner. The US is sending about two hundred troops
to Israel to help support and monitor the ceasefire deal
in Gaza following a peace accord with Hamas. AP is
reporting it's part of a team of partner nations, non
governmental organizations, and private sector players. Earlier today, Israeli Prime

(00:21):
Minister Benjamin Ecnyaho said in a post on x that
the Israeli government approved an outline to free hostages and
begin implementing a ceasefire. Now, these two sides will exchange
prisoners and Hamas will release all remaining hostages. Hamas also
said it will reopen the Rafa crossing for the entry
of humanitarian aid. At the same time, President Trump said

(00:44):
he'll travel to Israel to be on hand for the
release of those hostages under terms of this deal. Trump
spoke on the agreement at the White House Cabinet meeting.

Speaker 2 (00:53):
It will be disarming, it will be pulled back, so
there'll be a lot of things are happening. You know,
I gave you all the lists of twenty two different
things that will have it will take place, and I
think it will take place, and I think you could
end up with peace in the Middle East, but we
have to get our hostages.

Speaker 1 (01:07):
Back, President Trump, speaking at a cabinet meeting. There is
no word yet on whether the parties will agree to
a Phase two, which would address long term plans for GAZO.
We go to New York next, where a state attorney general,
Letitia James, has been indicted for bank fraud. James is
a longtime foe of President Trump, and she is one
of several Democratic state ags who have sued to block

(01:30):
the administration's actions. James is perhaps best known for bringing
a civil fraud case against Trump and his family real
estate company back in twenty twenty two. After today's indictment,
James took to social media.

Speaker 3 (01:43):
This is nothing more than a continuation of the President's
desperate weaponization of our justice system. He's forcing federal law
enforcement agencies to do his bidding, all because I did
my job as the New York's Attorney general. Ease charges
are baseless, and the president's own public statements make clear

(02:08):
that his only goal is political retribution at any cost.

Speaker 1 (02:12):
That was Letitia James in a video posted to x Incidentally,
she pushed back against the charges one count of alleged
bank fraud and one count of making false statements to
financial institutions. A federal judge has blocked President Trump's efforts
to send hundreds of National Guard troops to Chicago. The
ruling on Thursday halts the president's order for at least

(02:34):
fourteen days, and it comes as the administration is challenging
a similar ruling by another judge limiting the use of
the military in Portland, Oregon. Trump is attempting to use
the National Guard to counter protest against his immigration crackdown
in democratic led cities. The Bureau of Labor Statistics is
bringing backstaff to prepare the September Consumer Price Index report.

(02:57):
More from Bloomberg's Charlie Pellett.

Speaker 4 (03:00):
Said the agency was directed by the White House Office
of Management and Budget to bring back employees to assemble
the report in time for publication by the end of
the month. The data, which was originally scheduled to be
released October fifteenth, is key to calculating the size of
next year's social Security checks. The BLS had suspended all operations,

(03:22):
including data collection and the production of economic statistics, as
a result of the government shutdown in New York Charlie
Pellet Bloomberg Radio.

Speaker 1 (03:32):
President Trump renewed his threats of using the federal government
shutdown to make cuts to democratic priorities as well as
the federal bureaucracy. The President has repeatedly talked about firing
federal workers, as well as withholding back pay for some
government employees and cutting funds for programs favored by Democrats.
So far, none of materialized. The shutdown is now in

(03:55):
its ninth day and there is no sign of progress
on breaking the stalemate. House Minority Leader Haakim Jeffrey says
Republicans are to blame.

Speaker 5 (04:04):
They've refused to negotiate at every step of the way
throughout this year. They've taken a my way or the
highway approach. They've gone it alone. And now we find
ourselves dealing with this mess of this Republican healthcare crisis,
and time has run out.

Speaker 1 (04:19):
House Minority Leader Haakim Jeffrey, speaking earlier to Bloomberg. Now
government workers and military personnel are preparing for missed paychecks
and the general public is feeling the effects on everything
from taxpayer services to air travel. Now we are told
the Senate has canceled plans for a recess next week
to stay in Washington if the shutdown persists. And that

(04:40):
is news when you want it with Bloomberg News. Now
I'm deg prisoner, and this is Bloomberg