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

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Speaker 1: in Kaleggi. A US judge has ruled President Trump cannot

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Speaker 1: deploy the National Guard to Portland, oregonists planned, handing the

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Speaker 1: President a major loss in his bid to send troops

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Speaker 1: to democratic led cities to quell immigration protests. A federal

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Speaker 1: judge Friday sided with the city in the state of Oregon,

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Speaker 1: which suit to block the deployment of two hundred Oregon

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Speaker 1: National Guard troops in mid September over the objection of

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Speaker 1: the governor. The judge said the troops can remain under

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Speaker 1: federal control while the government's appeals the ruling, but they

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Speaker 1: cannot be deployed. The U. S. Supreme Court has let

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Speaker 1: the Trump administration for now withhold four billion dollars in

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Speaker 1: food aid that a judge had ordered distributed by the

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Speaker 1: end of the day Friday to fully fund November benefits

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Speaker 1: for forty two million people amid the government shutdown. The

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Speaker 1: administrative stay issued by Justice Katanji Brown Jackson, is designed

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Speaker 1: to give a federal appeals court more time to consider

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Speaker 1: the administration's request for a longer term order, shielding it

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Speaker 1: from having to distribute the disputed money. To fund the

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Speaker 1: Supplemental Nutrition Assistance program known as SNAP. Senate Republicans Frani rejected.

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Speaker 1: The Democrats offered to scale back their shutdown demands to

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Speaker 1: a one year extension of expiring healthcare subsidies, prolonging a

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Speaker 1: stalemate that has disrupted air travel and delayed food aid.

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Speaker 1: Senate Democratic Leader Chuck Schumer.

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Speaker 2: Democrats would like to see an end to this shutdown,

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Speaker 2: and we want to respect Lem's desire not to negotiate

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Speaker 2: on ACA until government reopens. Therefore, we'd like to offer

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Speaker 2: a simple proposal that would reopen the government and extend

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Speaker 2: the ACA premium tax credits simultaneously, and then have the

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Speaker 2: opportunity to start negotiating longer term solutions to healthcare costs.

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Speaker 2: Let's do all three.

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Speaker 1: Republican leader John Thune dismissed the offer as a non starter.

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Speaker 1: A White House official, speaking on the condition of anonymity,

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Speaker 1: said the Trump administration interpreted Schumer's offers assigned Democrats are

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Speaker 1: under pressure to make a deal. The official reiteration their

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Speaker 1: position that Republicans would meet with Democrats on healthcare tax

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Speaker 1: credits once the government is open. Airlines and their passengers

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Speaker 1: are coping with delays and cancelations as the shortage of

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Speaker 1: air traffic controllers increases. Bloomberg asked Chris Sununu, former New

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Speaker 1: Hampshire governor who is now Chief executive of Airlines for America,

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Speaker 1: about the potential impact on holiday travel.

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Speaker 3: Complete gridlock. It'll hit about three million passengers a day.

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Speaker 3: You're already seeing pullback from people booking flights right now.

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Speaker 3: Because the airlines have so much flexibility for the customer.

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Speaker 3: People aren't canceling just yet, nor should they. Nobody should cancel.

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Speaker 1: Transportation Secretary Sean Duffey said on Fox News Friday that

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Speaker 1: regulators will continue to assess the strain on the aviation system,

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Speaker 1: and if the data moves in the wrong direction, productions

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Speaker 1: could increase.

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Speaker 4: This shutdown doesn't end relatively soon, the consequence of that

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Speaker 4: is going to be more controllers don't come to work,

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Speaker 4: and then we're going to have to continue to assess

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Speaker 4: the pressure in the airspace and make decisions that may

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Speaker 4: again move us from tampras zent to fifteen percent, maybe

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Speaker 4: to twenty.

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Speaker 1: President Trump said that no US officials would attend the

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Speaker 1: Group of twenty conference later this month in South Africa.

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Speaker 1: The latest escalation in the rift that has erupted over

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Speaker 1: his claims that the country is mistreating white africaners. It

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Speaker 1: is a total disgrace that the G twenty will be

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Speaker 1: held in South Africa. Trump wrote this on social media,

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Speaker 1: claiming that africaners are being killed and slaughtered and their

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Speaker 1: land and farms are being illegally confiscated. He continued, no

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Speaker 1: US government official will attend as long as these human

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Speaker 1: rights abuses continue. Metsarah has announced that it has amended

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Speaker 1: a merger agreement with Pfiser Pursue, into which Peiser will

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Speaker 1: acquire Metsarah for up to eighty six dollars twenty five

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Speaker 1: cents per share. It consists of sixty five sixty per

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Speaker 1: share in cash at a contingent value right in titling

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Speaker 1: holders to additional payments of up to twenty sixty five

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Speaker 1: per share in cash. Metsara's Board of Directors unanimously recommends

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Speaker 1: that stockholders approve the adoption of the amended Peiser merger

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Speaker 1: agreements and approve the merger with Wall Street saw a

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Speaker 1: sharp bounce some session lows Friday in mid hopes that

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Speaker 1: US lawmakers are getting closer to a deal ending the

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Speaker 1: longest shutdown in American history. We get that story from

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Speaker 1: Bloomberg's Charlie Pellett.

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Speaker 5: It was an update for both the S and P

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Speaker 5: five hundred index and the Dow industrials. But a down

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Speaker 5: week with the S and P five hundred falling one

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Speaker 5: point six percent.

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Speaker 2: A week like this week hurts. I don't want to

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Speaker 2: minimize that, but these pullbacks are still fairly shallow.

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Speaker 5: Terry Spaths, chief investment officer of Zooma Wealth.

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Speaker 2: Stocks, tend to take the elevator down right and the

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Speaker 2: stairs up.

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Speaker 1: They go a lot faster down than they go up.

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Speaker 5: For the week, the NASDAK one hundred index was down

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Speaker 5: three point one percent, while the Dow on the week

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Speaker 5: down one point two percent. In New York Charlie Pellett

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Speaker 5: Bloomberg Radio.

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Speaker 1: President Trump has granted Hungary and exemption from sanctions on

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Speaker 1: purchases of Russian oil, providing a major win for Prime

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Speaker 1: Minister Victor Orbon. Orbon and a US official who requested

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Speaker 1: and any confirmed Trump's decision following a meeting between the

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Speaker 1: two leaders Friday at the White House. Orbon has leveraged

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Speaker 1: his ties with his ideological ally to win the favorable treatment.

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Speaker 1: The Friday numbers on Wall Street, the Dow gain seventy four,

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Speaker 1: NASDAK dropped forty five. The sm P added eight. The

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Speaker 1: ten year treasury yield stands at four point zero nine percent.

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Speaker 1: The two year is at three point five six percent.

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Speaker 1: Tim berners Lee dreamed of a world wide Web for everyone.

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Speaker 1: Nick Klegg and Metta had different ideas in new books.

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Speaker 1: Both ignore how profit undermined the Internet. The men who

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Speaker 1: shape the Internet won't be able to fix it. You

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Speaker 1: can read all about it in Bloomberg's weekend edition, exploring

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Speaker 1: the places where finance, life and culture meet on bloomberg

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Speaker 1: dot com and the Bloomberg Business App. That's news when

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Speaker 1: you want it with Bloomberg News Now, I'm ind Kleggy.

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Speaker 1: This is Bloomberg