1 00:00:01,440 --> 00:00:04,000 Speaker 1: News when you want it. With Bloomberg News Now, I'm 2 00:00:04,080 --> 00:00:07,760 Speaker 1: Dan Schwartzman. President Trump signed an agreement with Australian Prime 3 00:00:07,800 --> 00:00:11,280 Speaker 1: Minister Anthony Albinizi to boost access to critical minerals in 4 00:00:11,400 --> 00:00:14,440 Speaker 1: rare earths. This includes plans for projects worth a total 5 00:00:14,680 --> 00:00:17,320 Speaker 1: up to eight and a half billion dollars. The deal 6 00:00:17,400 --> 00:00:19,560 Speaker 1: is part of efforts to secure a stable supply of 7 00:00:19,600 --> 00:00:23,280 Speaker 1: critical minerals, with Australia positioning itself as a viable alternative 8 00:00:23,320 --> 00:00:26,760 Speaker 1: to China. Meantime, Trump said his administration is still talking 9 00:00:26,760 --> 00:00:28,960 Speaker 1: to Beijing about working on a trade deal. 10 00:00:29,680 --> 00:00:32,800 Speaker 2: A lot of countries took advantage of the US and 11 00:00:32,920 --> 00:00:36,519 Speaker 2: not taking advantage anymore. No, China's paying a fifty five 12 00:00:36,560 --> 00:00:40,240 Speaker 2: percent and a potential one hundred and fifty five percent 13 00:00:40,720 --> 00:00:43,080 Speaker 2: come November first, unless we make a deal and a 14 00:00:43,200 --> 00:00:45,760 Speaker 2: meeting with President c We have a very good relationship 15 00:00:45,760 --> 00:00:47,560 Speaker 2: with it. Be meeting in South Korea in a couple 16 00:00:47,600 --> 00:00:50,440 Speaker 2: of weeks and we'll see what we can do. 17 00:00:51,320 --> 00:00:54,320 Speaker 1: That's President Trump. The US China trade truce is set 18 00:00:54,320 --> 00:00:58,280 Speaker 1: to expire on November tenth. Former FBI Director James Comy 19 00:00:58,360 --> 00:01:02,520 Speaker 1: is fighting federal charges against Bloomberg's Amy Morris, supporting from Washington, 20 00:01:02,720 --> 00:01:03,400 Speaker 1: Comy has. 21 00:01:03,280 --> 00:01:06,520 Speaker 3: Moved to dismiss the Justice Department indictment of making false 22 00:01:06,560 --> 00:01:10,600 Speaker 3: statements and obstructing a Congressional proceeding. Filing motions that he's 23 00:01:10,640 --> 00:01:13,920 Speaker 3: the victim of a vindictive prosecution by President Trump and 24 00:01:14,200 --> 00:01:17,040 Speaker 3: challenging the appointment of the prosecutor who brought the case. 25 00:01:17,400 --> 00:01:20,000 Speaker 3: The court filing by Comy and his lawyers accuses the 26 00:01:20,040 --> 00:01:23,559 Speaker 3: government of singling Comy out for prosecution because of quote 27 00:01:23,760 --> 00:01:27,640 Speaker 3: President Trump's personal animus towards mister Comy. They also argue 28 00:01:27,680 --> 00:01:30,200 Speaker 3: Trump's appointment of White House aide Lindsay Halligan to be 29 00:01:30,280 --> 00:01:33,600 Speaker 3: interim u S attorney is unlawful. Combe's trial is set 30 00:01:33,640 --> 00:01:37,840 Speaker 3: to begin January fifth in Washington. Amy Moore as Bloomberg Radio. 31 00:01:38,080 --> 00:01:40,800 Speaker 1: It's day twentieth, the government's shutdown with no end in sight. 32 00:01:41,120 --> 00:01:44,320 Speaker 1: Republicans want to pass a short term resolution to resume funding. 33 00:01:44,600 --> 00:01:47,840 Speaker 1: Democrats are demanding that any stop gap bill includes additional 34 00:01:47,840 --> 00:01:51,520 Speaker 1: health care protections that includes an extension of Enhanced Affordable 35 00:01:51,560 --> 00:01:53,840 Speaker 1: Care Act tax credits that are due to expire at 36 00:01:53,880 --> 00:01:57,040 Speaker 1: the end of this year. National Economic Council Director Kevin 37 00:01:57,080 --> 00:01:59,800 Speaker 1: Hasse predicts that the government shutdown is lightly to end 38 00:02:00,000 --> 00:02:03,360 Speaker 1: some time this week, has it? Spoke on CNBC, I think. 39 00:02:03,240 --> 00:02:06,200 Speaker 4: The Schumer shutdown is likely to add some time this week. 40 00:02:06,400 --> 00:02:08,280 Speaker 4: But I can tell you that if it doesn't. If 41 00:02:08,280 --> 00:02:10,560 Speaker 4: it doesn't, if the story that we've been basically hearing 42 00:02:10,560 --> 00:02:12,560 Speaker 4: from moderates that look, we just can't do it in 43 00:02:12,560 --> 00:02:14,640 Speaker 4: front of the No Kings rally, if that ends up 44 00:02:14,720 --> 00:02:16,799 Speaker 4: not being true, that I think that the White House 45 00:02:16,840 --> 00:02:18,600 Speaker 4: is going to have to look very closely, along with 46 00:02:18,680 --> 00:02:22,200 Speaker 4: russ vote at stronger measures that we could take to 47 00:02:22,200 --> 00:02:23,040 Speaker 4: bring up to the table. 48 00:02:23,400 --> 00:02:27,080 Speaker 1: That's National Economic Council Director Kevin Hassett speaking on CNBC. 49 00:02:27,560 --> 00:02:30,480 Speaker 1: A US appeals court allowed President Trump's plan to deploy 50 00:02:30,520 --> 00:02:34,440 Speaker 1: troops to Portland, Oregon, to counter protests against his immigration crackdown. 51 00:02:34,720 --> 00:02:36,959 Speaker 1: The two to one ruling lifted in order that blocked 52 00:02:37,000 --> 00:02:40,080 Speaker 1: the deployment of Oregon National Guard members to Portland, but 53 00:02:40,120 --> 00:02:42,680 Speaker 1: it does not affect this second order that blocked the 54 00:02:42,680 --> 00:02:45,799 Speaker 1: deployment of troops from any state. The ruling is temporary 55 00:02:45,800 --> 00:02:47,760 Speaker 1: and a three day trial on the merits is set 56 00:02:47,800 --> 00:02:50,240 Speaker 1: to start in Portland on October twenty ninth, which may 57 00:02:50,320 --> 00:02:53,320 Speaker 1: lead to the Appeals Court reviewing the case again. Amazon 58 00:02:53,360 --> 00:02:56,440 Speaker 1: Web Services said it has resolved the issues that plagued 59 00:02:56,440 --> 00:02:59,760 Speaker 1: its services for about fifteen hours today. In an update 60 00:02:59,800 --> 00:03:02,839 Speaker 1: on its service health dashboard. The Amazon dot Com Inc. 61 00:03:03,000 --> 00:03:06,720 Speaker 1: Unit set it Services quote return to normal operations as 62 00:03:06,720 --> 00:03:09,400 Speaker 1: of about six pm New York time. The outage, caused 63 00:03:09,440 --> 00:03:13,240 Speaker 1: by a database network issue, disrupted hundreds of websites and apps. 64 00:03:13,639 --> 00:03:16,800 Speaker 1: Earning season is underway. So far, about eighty five percent 65 00:03:16,800 --> 00:03:18,600 Speaker 1: of the companies in the S and P five hundred 66 00:03:18,600 --> 00:03:22,079 Speaker 1: reported results that have beaten profit expectations, and now more 67 00:03:22,120 --> 00:03:24,840 Speaker 1: companies are set to report this week. Rob Hayworth is 68 00:03:24,880 --> 00:03:28,120 Speaker 1: a senior investment strategy director at us Bank Asset Management. 69 00:03:28,360 --> 00:03:30,520 Speaker 1: He gave us his outlook ahead of this week's earnings. 70 00:03:30,560 --> 00:03:33,360 Speaker 5: It is still a very constructive earning season, and we 71 00:03:33,639 --> 00:03:37,640 Speaker 5: think we should probably see that continue as we push 72 00:03:37,680 --> 00:03:39,800 Speaker 5: through the rest of the earning season because we've certainly 73 00:03:39,840 --> 00:03:44,760 Speaker 5: seen solid consumer data, solid activity data, so this should 74 00:03:44,800 --> 00:03:47,640 Speaker 5: be a fairly solid earning season is how it starts. 75 00:03:47,720 --> 00:03:48,800 Speaker 5: Seems to be shaping up. 76 00:03:49,240 --> 00:03:51,960 Speaker 1: Rob Hayworth of us Bank Asset Management, speaking on the 77 00:03:52,000 --> 00:03:55,160 Speaker 1: Bloomberg BusinessWeek Daily podcast, and one of the companies that 78 00:03:55,200 --> 00:03:57,600 Speaker 1: are set to report tomorrow after the Bell is Netflix. 79 00:03:57,800 --> 00:04:00,960 Speaker 1: Bloomberg's Tom Busby has more on what investors expect to see. 80 00:04:01,280 --> 00:04:04,520 Speaker 1: Expect a combination of new hits like that blockbuster K 81 00:04:04,600 --> 00:04:07,480 Speaker 1: Pop demon Hunter's movie and returning hits like the latest 82 00:04:07,520 --> 00:04:10,040 Speaker 1: season of Squid Games to give earnings a big boost, 83 00:04:10,080 --> 00:04:13,400 Speaker 1: along with growing advertising sales from its live sporting events 84 00:04:13,520 --> 00:04:16,920 Speaker 1: and its ad supported subscription tier. Also expect to get 85 00:04:16,920 --> 00:04:20,200 Speaker 1: a little boost from some favorable foreign exchange rates. Bloomberg 86 00:04:20,200 --> 00:04:23,480 Speaker 1: consensus calls for revenue of eleven point five two billion dollars, 87 00:04:23,560 --> 00:04:25,960 Speaker 1: less than half of that coming from the US and Canada, 88 00:04:26,120 --> 00:04:28,960 Speaker 1: and earnings per share of six dollars ninety four cents. 89 00:04:29,120 --> 00:04:33,320 Speaker 1: Tom Buzby, Bloomberg Radio. In Major League Baseball postseason action, 90 00:04:33,400 --> 00:04:36,240 Speaker 1: the Toronto Blue Jays have won Game seven of the ALCS, 91 00:04:36,320 --> 00:04:39,159 Speaker 1: knocking off the Mariners. They move on to the World Series. 92 00:04:39,200 --> 00:04:42,240 Speaker 1: Game one will be in LA on Friday. And that's 93 00:04:42,279 --> 00:04:44,960 Speaker 1: news when you won it with Bloomberg News. Now, I'm 94 00:04:45,040 --> 00:04:47,120 Speaker 1: Dan Schwartzman, and this is Bloomberg