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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Chrisner. Congress has voted to compel the Department of

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Speaker 1: Justice to release its files on sex trafficker Jeffrey Epstein.

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Speaker 1: This legislation passed the House four twenty seven to one,

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Speaker 1: and now the Senate has unanimously passed it without further action.

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Speaker 1: Senate Minority Leader Chuck Schumer says the American people and

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Speaker 1: Epstein's survivors have waited long enough.

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Speaker 2: This is about holding accountable all the people in Jeffrey

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Speaker 2: Epstein's circle who raped, groom, targeted, and enabled the abuse

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Speaker 2: of hundreds of girls for years and years.

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Speaker 1: That is Senate Minority Leader Chuck Schumer there Now. President

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Speaker 1: Trump has said he will sign the legislation after initially

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Speaker 1: opposing the release of the files. It requires the release

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Speaker 1: of all files and records related to Epstein. That would

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Speaker 1: include investigations, flight logs, and internal DOJ documents. Earlier today,

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Speaker 1: at the White House, President Trump hosted Saudi Crown Prince

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Speaker 1: Mohammed bin Salmon. It was there the Prince said his

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Speaker 1: country would be increasing its financial commitments to the US

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Speaker 1: from six hundred billion dollars to one trillion dollars, and

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Speaker 1: later in the day, Trump said he has signed the

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Speaker 1: U S. Saudi Strategic Defense Agreement.

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Speaker 3: I'm pleased to announce that we are taking our military

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Speaker 3: cooperation to even greater heights by formerly designating Saudi Arabia

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Speaker 3: as a major non NATO ally.

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Speaker 1: Now that designation does open the door for further collaboration

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Speaker 1: between Saudi Arabia and the US military. President Trump has

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Speaker 1: reportedly signed off on possible operations inside Venezuela. The New

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Speaker 1: York Times reports Trump authorized the CIA plans for covert

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Speaker 1: measures that could be meant to prepare a battlefield for

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Speaker 1: further action. The Trump administration is taking more steps to

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Speaker 1: shut down the Department of Education. Officials say some of

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Speaker 1: the department's largest grant programs and major portions of several

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Speaker 1: offices will be transferred to other federal agencies. Education Secretary

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Speaker 1: Linda McMahon tells CBS News she hopes this action will

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Speaker 1: convince Congress that these steps are necessary.

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Speaker 4: If we can do that, then hopefully then we can

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Speaker 4: get Congress to vote and to codify those transfers and

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Speaker 4: make it a permanent, permanent mode.

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Speaker 1: That is, Education Secretary Linda McMahon speaking earlier to CBS News,

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Speaker 1: Paramount's guidance is rejecting a report claiming the company is

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Speaker 1: working with Middle Eastern sovereign wealth funds on an offer

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Speaker 1: for Warner Brothers Discovery. Paramount calls it categorically inaccurate. Earlier,

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Speaker 1: Variety reported Paramount Skuydance is working with Saudi Arabia's Public

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Speaker 1: Investment Fund, along with the Cutter Investment Authority and the

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Speaker 1: Abu Dhabi Investment Authority on a bid worth seventy one

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Speaker 1: billion dollars. President Trump said today he thinks he's identified

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Speaker 1: a choice to be the next chair of the Federal Reserve.

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Speaker 1: He said people are holding him back from firing the

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Speaker 1: current chair J Powell. Here is Trump speaking with Bloomberg's

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Speaker 1: and Marie hor Dern in a Q and A inside

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Speaker 1: the Oval office.

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Speaker 3: We're getting closer to the end of the year.

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Speaker 4: Have you started the interviews for the FED chair?

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Speaker 3: Yes? Who are you interviewed? I think I already know

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Speaker 3: my choice. Well, I liked him, but he's not going

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Speaker 3: to take the job. He reviewed. You like Treasury better, right,

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Speaker 3: much better? Sir?

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Speaker 1: That is Treasury Secretary Scott Bessen, who is incidentally leading

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Speaker 1: the search now Bessant has said the pool of contenders

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Speaker 1: has been narrowed to current governors Chris Waller and Michelle Bowman,

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Speaker 1: along with former Fed Governor Kevin Walsh, also the director

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Speaker 1: of the White House Council of Economic Advisors, Kevin Hassett,

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Speaker 1: and Blackrock executive Rick Reader. Before the opening bell tomorrow,

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Speaker 1: Target is set to release its third quarter results Bloomberg's

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Speaker 1: tom Busby as a preview.

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Speaker 4: Despite a lot of US consumers pulling back on their

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Speaker 4: spending last quarter, investors will be looking for signs that

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Speaker 4: heavy promotions, strong back to school demand, and the new

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Speaker 4: CEO helped the discount retailers snap out of a recent

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Speaker 4: sales slump. Although Bloomberg consensus calls for comp sales to

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Speaker 4: fall about two percent. Revenues are expected at twenty five

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Speaker 4: point three to three billion on adjusted earnings per share

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Speaker 4: of a dollar seventy three. Tom Busby Bloomberg Radio.

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Speaker 1: A Gustav Klempt portrait of a young Viennese woman sold

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Speaker 1: for a record two hundred and thirty six million dollars

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Speaker 1: at Sotheby's in New York. The portrait of Elizabeth Letterer

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Speaker 1: was part of the unwinding of Leonard Lauder's art collection.

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Speaker 1: The former executive and billionaire died in June at the

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Speaker 1: age of ninety two. This portrait was part of a

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Speaker 1: trove the Nazi stole from Elizabeth Letterer's wealthy Jewish family

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Speaker 1: in Vienna. And that is news when you want it

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Speaker 1: with Bloomberg News. Now, I'm Doug Prisner, and this is

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Speaker 1: Bloomberg