1 00:00:01,440 --> 00:00:03,480 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:03,520 --> 00:00:06,320 Speaker 1: Doug Krisner. The main event for markets this week will 3 00:00:06,320 --> 00:00:09,320 Speaker 1: be the Fed's rate decision. The only debate seems to 4 00:00:09,360 --> 00:00:12,760 Speaker 1: be over whether an expected cut will be either twenty 5 00:00:12,800 --> 00:00:15,840 Speaker 1: five basis points or fifty basis points. Now, the FED 6 00:00:15,880 --> 00:00:18,880 Speaker 1: has been grappling with a combination of a slowing labor 7 00:00:18,920 --> 00:00:23,560 Speaker 1: market and stubbornly high inflation at the same time unprecedented 8 00:00:23,600 --> 00:00:27,240 Speaker 1: pressure from President Trump to lower borrowing cost. Here is 9 00:00:27,280 --> 00:00:30,960 Speaker 1: President Trump speaking this evening to reporters before boarding Air 10 00:00:31,000 --> 00:00:34,760 Speaker 1: Force One about appointing a replacement for FED share J 11 00:00:34,960 --> 00:00:37,960 Speaker 1: Powell when his term expires in May of next year. 12 00:00:38,159 --> 00:00:40,440 Speaker 2: I have three people that I like a lot. Any 13 00:00:40,479 --> 00:00:41,680 Speaker 2: one of them would do a good. 14 00:00:41,600 --> 00:00:45,680 Speaker 1: Jobmon Benslo, I think you have a big cut because 15 00:00:46,440 --> 00:00:48,840 Speaker 1: I really I don't think he can help with cutting. 16 00:00:48,880 --> 00:00:50,200 Speaker 3: It's perfect for cutting. 17 00:00:50,720 --> 00:00:52,000 Speaker 4: And the thing that he's hurting. 18 00:00:51,760 --> 00:00:53,280 Speaker 1: Gloss is housing for people. 19 00:00:53,440 --> 00:00:56,120 Speaker 4: But because we're doing well and everything, energy is way down, 20 00:00:56,560 --> 00:00:59,680 Speaker 4: groceries are down, everything almost everything is way down. 21 00:01:00,240 --> 00:01:03,240 Speaker 2: But housing because of the FED is not. 22 00:01:03,720 --> 00:01:07,080 Speaker 1: What a ship that is President Trump speaking there Now, 23 00:01:07,120 --> 00:01:10,520 Speaker 1: Trump's top three candidates for FED share are White House 24 00:01:10,560 --> 00:01:14,440 Speaker 1: Economic Advisor Kevin Hassett, Fed Governor Chris Waller, and former 25 00:01:14,480 --> 00:01:17,800 Speaker 1: Fed Governor Kevin Walsh. We go to New York next, 26 00:01:17,840 --> 00:01:22,600 Speaker 1: where Governor Kathy Hokeel is endorsing Zoran Mumdani, Democratic nominee 27 00:01:22,640 --> 00:01:25,560 Speaker 1: for New York City mayor. In an opinion piece sent 28 00:01:25,640 --> 00:01:27,920 Speaker 1: to The New York Times, Hochel said she had frank 29 00:01:28,000 --> 00:01:31,800 Speaker 1: conversations with Mamdani and hocal stress that while they don't 30 00:01:31,800 --> 00:01:34,480 Speaker 1: agree on everything, they do share a vision for an 31 00:01:34,560 --> 00:01:38,400 Speaker 1: affordable and safe New York Now. Hokel's endorsement would make 32 00:01:38,440 --> 00:01:42,720 Speaker 1: her the most prominent Democrat to back Mamdanni's campaign. We 33 00:01:42,840 --> 00:01:45,880 Speaker 1: go to Utah next, where Governor Spencer Cox said social 34 00:01:45,959 --> 00:01:48,880 Speaker 1: media helped drive the political rage that led to the 35 00:01:48,880 --> 00:01:53,040 Speaker 1: shooting death of conservative activist Charlie Kirk. Speaking on Sunday, 36 00:01:53,120 --> 00:01:56,880 Speaker 1: Cox called social platforms at cancer and link them to 37 00:01:57,000 --> 00:02:00,080 Speaker 1: the recent rise in political violence. Here is Cox speaking 38 00:02:00,120 --> 00:02:02,080 Speaker 1: earlier on NBC's Meet the Press. 39 00:02:02,600 --> 00:02:06,160 Speaker 4: These companies, trillion dollar market caps, the most powerful companies 40 00:02:06,320 --> 00:02:08,600 Speaker 4: in the history of the world, have figured out how 41 00:02:08,639 --> 00:02:12,720 Speaker 4: to hack our brains get us addicted to outrage, which 42 00:02:12,760 --> 00:02:14,840 Speaker 4: is the same type of dopamine, the same chemical that 43 00:02:14,880 --> 00:02:18,320 Speaker 4: you get from taking fentanyl, get us addicted to outrage, 44 00:02:18,360 --> 00:02:19,600 Speaker 4: and get us to hate each other. 45 00:02:19,680 --> 00:02:23,080 Speaker 1: That is Spencer Cox, governor of Utah. There Now Kirk 46 00:02:23,200 --> 00:02:26,680 Speaker 1: was shot last week during an event at Utah Valley University, 47 00:02:26,760 --> 00:02:30,440 Speaker 1: and authorities say the suspect, twenty two year old Tyler Robinson, 48 00:02:30,760 --> 00:02:35,560 Speaker 1: showed signs of political radicalization. Formal charges against Robinson are 49 00:02:35,600 --> 00:02:39,760 Speaker 1: expected on Tuesday. Meantime, the Trump administration is asking Congress 50 00:02:39,800 --> 00:02:43,520 Speaker 1: for an extra fifty eight million dollars to boost security 51 00:02:43,639 --> 00:02:48,040 Speaker 1: for the executive and judicial branches. Meantime, House Speaker Mike 52 00:02:48,120 --> 00:02:51,240 Speaker 1: Johnson is urging lawmakers to turn down the rhetoric on 53 00:02:51,320 --> 00:02:55,760 Speaker 1: political conversations. Here is Johnson speaking earlier to Fox News Sunday. 54 00:02:55,919 --> 00:02:59,960 Speaker 5: There's this recognition that people have got to stop framing 55 00:03:00,080 --> 00:03:03,240 Speaker 5: simple policy disagreements in terms of existential threats to our 56 00:03:03,240 --> 00:03:05,720 Speaker 5: democracy and all these phrases you hear all the time. 57 00:03:05,760 --> 00:03:09,200 Speaker 5: You can't call the other side fascists and enemies of 58 00:03:09,200 --> 00:03:12,440 Speaker 5: the state and not understand that there are some deranged 59 00:03:12,480 --> 00:03:14,720 Speaker 5: people in our society who will take that as cues 60 00:03:14,800 --> 00:03:17,280 Speaker 5: to act and do crazy and dangerous things. 61 00:03:17,360 --> 00:03:20,040 Speaker 1: That is how Speaker Mike Johnson speaking to Fox News. 62 00:03:20,320 --> 00:03:23,880 Speaker 1: President Trump's nominee to head the Bureau of Labor Statistics 63 00:03:24,000 --> 00:03:27,200 Speaker 1: may have a bumpy road to confirmation. More from Bloomberg 64 00:03:27,240 --> 00:03:27,960 Speaker 1: Samy Morrison. 65 00:03:28,080 --> 00:03:32,799 Speaker 2: Washington Republican Lisa Murkowski has extreme reservations about E. J. 66 00:03:33,000 --> 00:03:37,080 Speaker 2: Antony's nomination. Her vote could potentially block the nomination from 67 00:03:37,080 --> 00:03:40,800 Speaker 2: advancing from the Senate Committee on Health, Education, Labor, and Pengeance. 68 00:03:41,120 --> 00:03:45,000 Speaker 2: Antony has made comments that have raised apprehension from economists, 69 00:03:45,040 --> 00:03:49,040 Speaker 2: including being critical of BLS and its revisions to jobs data, 70 00:03:49,440 --> 00:03:53,720 Speaker 2: and advocating for getting rid of the Federal Reserve in Washington. 71 00:03:53,760 --> 00:03:55,280 Speaker 2: Amy Moore as Sloomberg Radio. 72 00:03:55,480 --> 00:03:58,440 Speaker 1: At this point, there is no date for Antony's hearing. 73 00:03:58,600 --> 00:04:01,600 Speaker 1: The Centers for Disease Control is putting more funding into 74 00:04:01,640 --> 00:04:06,680 Speaker 1: studying links between vaccines and autism. More from Bloomberg's Nathan Hager. 75 00:04:07,040 --> 00:04:09,520 Speaker 3: The CDC plans to fund a study at rensala Or 76 00:04:09,560 --> 00:04:13,119 Speaker 3: Polytechnic University into the theory that has become a cornerstone 77 00:04:13,160 --> 00:04:16,560 Speaker 3: of the anti vaccine movement. Health and Human Services Secretary 78 00:04:16,640 --> 00:04:20,039 Speaker 3: Robert F. Kennedy Junior has said the links deserve further study. 79 00:04:20,320 --> 00:04:23,440 Speaker 3: The National Institutes of Health has announced fifty million dollars 80 00:04:23,520 --> 00:04:26,640 Speaker 3: in grants to look into vaccine links to autism. Kennedy 81 00:04:26,680 --> 00:04:30,880 Speaker 3: has promised to report on autism's causes this month. In Washington. 82 00:04:31,000 --> 00:04:33,120 Speaker 3: I'm Nathan Hager Bloomberg Radio. 83 00:04:33,080 --> 00:04:35,680 Speaker 1: And that is news when you want it with Bloomberg News. Now, 84 00:04:35,720 --> 00:04:38,240 Speaker 1: I'm Doug Prisoner and this is Blimberg