1
00:00:01,639 --> 00:00:03,640
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:03,680 --> 00:00:07,120
Speaker 1: Doug Krisner. President Trump is extending a tear of truce

3
00:00:07,240 --> 00:00:09,960
Speaker 1: with China for another ninety days. This was set to

4
00:00:10,000 --> 00:00:13,080
Speaker 1: expire on Tuesday. The President signed in order for the

5
00:00:13,119 --> 00:00:17,240
Speaker 1: extension on Monday. Here is Illinois Democratic Congressman Rajah Krista

6
00:00:17,320 --> 00:00:18,919
Speaker 1: Muthee speaking on Bloomberg.

7
00:00:19,040 --> 00:00:22,919
Speaker 2: Well, I think it's yet another extension that causes more

8
00:00:23,440 --> 00:00:27,680
Speaker 2: uncertainty about what's going to happen going forward. It hurts

9
00:00:27,680 --> 00:00:30,920
Speaker 2: our small businesses. I've talked to businesses on the phone

10
00:00:31,160 --> 00:00:35,360
Speaker 2: repeatedly who are pausing their hiring, pausing their investment, and

11
00:00:35,440 --> 00:00:40,400
Speaker 2: basically starting to lay people off because they don't know

12
00:00:40,400 --> 00:00:41,280
Speaker 2: what the future holds.

13
00:00:41,360 --> 00:00:45,159
Speaker 1: That is Illinois Democratic Congressman Rajah Krista Muthi speaking on

14
00:00:45,159 --> 00:00:47,840
Speaker 1: Bloomberg's Balance of Power. By the way, the truce does

15
00:00:47,960 --> 00:00:51,960
Speaker 1: ease duties and export restrictions on key goods like rare

16
00:00:52,000 --> 00:00:54,760
Speaker 1: earth magnets, and the extension could clear the way for

17
00:00:54,840 --> 00:00:59,720
Speaker 1: further cooperation on chip exports and AI hardware sales. Although

18
00:01:00,080 --> 00:01:04,480
Speaker 1: national security issues do remain. President Trump has tapped E. J.

19
00:01:04,760 --> 00:01:08,240
Speaker 1: Antony to lead the Bureau of Labor statistics. Now, Antony

20
00:01:08,319 --> 00:01:11,520
Speaker 1: is the chief economist at the Heritage Foundation. He's been

21
00:01:11,560 --> 00:01:14,520
Speaker 1: a longtime critic of the BLS, especially when it comes

22
00:01:14,520 --> 00:01:18,360
Speaker 1: to the BLS's approach to jobs data. Here is Bloomberg's

23
00:01:18,360 --> 00:01:19,160
Speaker 1: Derek Waldbank.

24
00:01:19,600 --> 00:01:25,240
Speaker 3: This situation here is one that has boiled over, and

25
00:01:25,920 --> 00:01:30,000
Speaker 3: Antony will be under an exorbitant amount of pressure to

26
00:01:30,160 --> 00:01:36,160
Speaker 3: prove to lawmakers and to prove to economists and to

27
00:01:36,319 --> 00:01:40,640
Speaker 3: market participants that the BLS numbers are accurate. They were accurate,

28
00:01:40,640 --> 00:01:41,759
Speaker 3: and they will be accurate.

29
00:01:41,800 --> 00:01:44,960
Speaker 1: That is Bloomberg's Derek Waaldbank Now. Earlier this month, President

30
00:01:45,000 --> 00:01:48,320
Speaker 1: Trump did fire the BLS commissioner. Following the release of

31
00:01:48,400 --> 00:01:52,040
Speaker 1: a weak jobs report. President Trump announced he will take

32
00:01:52,120 --> 00:01:56,200
Speaker 1: federal control of Washington, d C's police department. The president

33
00:01:56,240 --> 00:01:59,440
Speaker 1: also said he is deploying eight hundred National Guard troops

34
00:01:59,480 --> 00:02:02,920
Speaker 1: in the district, escalating his push to exert power over

35
00:02:02,960 --> 00:02:07,360
Speaker 1: the nation's capital. DC Mayor Muriel Bowser says Trump's takeover

36
00:02:07,480 --> 00:02:10,960
Speaker 1: of the police department is unsettling and unprecedented.

37
00:02:11,400 --> 00:02:15,840
Speaker 4: My message to residents is this, we know that access

38
00:02:15,880 --> 00:02:20,440
Speaker 4: to our democracy is tenuous. That is why you have

39
00:02:20,560 --> 00:02:27,040
Speaker 4: heard me and many many Washingtonians before me advocate for

40
00:02:27,160 --> 00:02:31,919
Speaker 4: full statehood for the District of Columbia. We are American citizens,

41
00:02:32,520 --> 00:02:36,360
Speaker 4: our families go to war, we pay taxes, and we

42
00:02:36,560 --> 00:02:39,640
Speaker 4: uphold the responsibilities of citizenship.

43
00:02:39,880 --> 00:02:43,640
Speaker 1: That was Washington, DC Mayor Muriel Bowser speaking there. Meantime,

44
00:02:43,680 --> 00:02:47,520
Speaker 1: President Trump threatened to insert federal personnel into other cities,

45
00:02:47,560 --> 00:02:50,880
Speaker 1: including New York and Chicago, if they did not crack

46
00:02:50,960 --> 00:02:54,280
Speaker 1: down on what he called out of controlled crime. Now,

47
00:02:54,280 --> 00:02:58,240
Speaker 1: per Monday's order, Drug Enforcement Administration Chief Terry Cole will

48
00:02:58,280 --> 00:03:03,120
Speaker 1: serve as acting chief of DC's Metropolitan Police. We go

49
00:03:03,160 --> 00:03:05,760
Speaker 1: to Texas next, where a gunman opened fire in a

50
00:03:05,800 --> 00:03:09,520
Speaker 1: target store parking lot in Austin. Authorities say at least

51
00:03:09,560 --> 00:03:12,520
Speaker 1: three people have been killed. The suspect then fled the

52
00:03:12,520 --> 00:03:15,880
Speaker 1: scene in a stolen car, wreck that car and stole

53
00:03:15,960 --> 00:03:19,160
Speaker 1: another from a dealership. The suspect was then taken into

54
00:03:19,240 --> 00:03:22,760
Speaker 1: custody by police after being subdued by a taser. Here

55
00:03:22,800 --> 00:03:25,120
Speaker 1: he is Austin Police Chief Lisa Davis.

56
00:03:25,960 --> 00:03:27,840
Speaker 2: We have a male, white suspect who appears to be

57
00:03:27,880 --> 00:03:30,919
Speaker 2: thirty two years of age, does have a mental health history.

58
00:03:31,000 --> 00:03:35,800
Speaker 1: Austin Police Chief Lisa Davis. Paramount Global has secured exclusive

59
00:03:35,920 --> 00:03:40,640
Speaker 1: US broadcast rights to all Ultimate Fighting Championship events. This

60
00:03:40,760 --> 00:03:44,200
Speaker 1: seven year deal is worth seven point seven billion dollars. Now,

61
00:03:44,200 --> 00:03:47,840
Speaker 1: starting in twenty twenty five, UFC fights will stream on

62
00:03:48,200 --> 00:03:52,560
Speaker 1: Paramount Plus and air on CBS. This marks a major

63
00:03:52,600 --> 00:03:56,760
Speaker 1: shift away from the UFC's pay per view model under ESPN.

64
00:03:57,240 --> 00:03:59,880
Speaker 1: It also marks one of the first deals minted since

65
00:04:00,040 --> 00:04:04,520
Speaker 1: Guidance acquired control of Paramount last week. David Joyce's senior

66
00:04:04,560 --> 00:04:07,440
Speaker 1: media analyst at Seaport Research Partners.

67
00:04:07,440 --> 00:04:09,480
Speaker 5: I think now that you do have the implicit deep

68
00:04:09,480 --> 00:04:14,840
Speaker 5: buckets of these controlling shareholders, they can take a longer

69
00:04:14,920 --> 00:04:19,159
Speaker 5: term perspective and go in bigger to applying the technological

70
00:04:19,160 --> 00:04:21,599
Speaker 5: strategies to kind of reinvent what it means to be

71
00:04:21,640 --> 00:04:22,680
Speaker 5: a media company.

72
00:04:22,400 --> 00:04:25,640
Speaker 1: Now, that is Seaport's David Joyce. Now UFC joins the

73
00:04:25,760 --> 00:04:30,000
Speaker 1: NFL and college sports in Paramount's growing live sports lineup

74
00:04:30,200 --> 00:04:34,640
Speaker 1: as the company focuses on retaining year round subscribers. And

75
00:04:34,720 --> 00:04:37,080
Speaker 1: that is news when you want it. With Bloomberg News. Now,

76
00:04:37,200 --> 00:04:39,120
Speaker 1: I'm Doug Krisner, and this is Bloomberg