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

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Speaker 1: Doug Prisner. President Trump is now in South Korea for

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Speaker 1: the final stop of his trip in Asia, and it's

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Speaker 1: there on Thursday that Trump will be meeting with Chinese

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Speaker 1: President Chichinping on the sidelines of the APEC summit. Trump

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Speaker 1: said he's expecting to lower tariffs the US has imposed

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Speaker 1: on Chinese goods over China's role in the fentanyl crisis.

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Speaker 1: Trump also said he is open to providing China with

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Speaker 1: access to Nvidia's Blackwell AI processors as part of a

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Speaker 1: trade deal.

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Speaker 2: We're about ten years ahead of anybody else in gyps

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Speaker 2: in the highly sophisticated Gypsy.

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Speaker 1: I think we may be talking about that with President He.

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Speaker 3: Discouraged Chins actually discouraged sale purchase of those chips.

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Speaker 4: Is that something that's on the table. Well, China actually.

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Speaker 2: Terminated the relationship with na video.

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Speaker 5: That was a big thing.

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Speaker 1: That was President Trump speaking to reporters ahead of the

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Speaker 1: APEC summit in South Korea. We go to Jamaica, next

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Speaker 1: to where earlier Hurricane Melissa made landfall. It was the

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Speaker 1: strongest recorded storm to strike the country, as maximum sustained

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Speaker 1: winds reached one hundred and eighty five miles an hour. Currently,

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Speaker 1: Melissa has been downgraded to a Category three storm and

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Speaker 1: it's beginning to slowly move away from Jamaica. Even so,

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Speaker 1: residents and tourists are not yet out of the clear.

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Speaker 1: Here is Michael Brennan, director of the National Hurricane Center.

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Speaker 4: Haitian the American Republic, catastrophic flash flooding risk continues there landslides,

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Speaker 4: especially across southwestern Haiti southern portion of the Dominican Republic.

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Speaker 4: Over the next day or so, those rainfall will continue

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Speaker 4: there with additional six to eight inches expected in portions

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Speaker 4: of those countries. Eastern Cuba, conditions are going to rapidly

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Speaker 4: deteriorate tonight. Be in your safe place, preparing for damaging

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Speaker 4: hurricane force winds, dangerous storm surge, and potentially life threatening flooding.

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Speaker 1: That is Michael Brennan, director of the National Hurricane Center.

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Speaker 1: Back in the States, the Senate has failed to reopen

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Speaker 1: the government and the shutdown has hit the four week mark.

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Speaker 1: Now benefits from the Supplemental Nutrition Assistance Program or SNAP

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Speaker 1: are days away from running out. House Minority Leader Hakking

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Speaker 1: Jeffrey says Republicans are weaponizing hunger.

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Speaker 4: Yeah, threatening to withhold funding that the Trump administration has

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Speaker 4: in a contingency fund.

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Speaker 1: At the same time, today, a federal judge blocked the

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Speaker 1: Trump administration from laying off federal employees during the shutdown.

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Speaker 1: The injunction prohibits any new layoff notices for federal workers

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Speaker 1: and will pause any existing ones. Israeli Prime Minister Benjamin

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Speaker 1: Necniah who ordered what he called forceful strikes against Hamas

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Speaker 1: now this move came in response to attacks on Israeli

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Speaker 1: soldiers in Gaza. Israeli Defense Minister Israel Katz said Hamas

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Speaker 1: will pay a heavy price for attacking Israeli soldiers and

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Speaker 1: violating a promise to return the bodies of dead hostages. Meantime,

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Speaker 1: Vice President JD. Vance said the ceasefire deal remains intact.

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Speaker 4: President achieved a historic piece in the Middle East.

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Speaker 5: The ceasefire is holding.

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Speaker 4: That doesn't mean that there aren't going to be little

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Speaker 4: skirmishes here and there.

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Speaker 1: Vice President JD. Van speaking there by the way, Hamas

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Speaker 1: has said it cannot work faster because of devastating conditions

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Speaker 1: on the ground in Gaza after two years of war.

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Speaker 1: On Monday, the Trump administration launched its largest military strikes

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Speaker 1: yet on alleged drug traffickers. Four boats were destroyed and

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Speaker 1: fourteen people killed. The three strikes in international waters in

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Speaker 1: the Eastern Pacific Ocean were announced by Defense Secretary Pete Hegseth.

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Speaker 1: This marks a continued escalation of the pace of strikes.

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Speaker 1: They began in early September in the Trump administration's campaign

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Speaker 1: against alleged Narco terrorists, and since then at least fifty

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Speaker 1: seven people have been killed. Tomorrow, the FED is expected

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Speaker 1: to cut its policy rate by a quarter point. We

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Speaker 1: have more from Bloomberg's Charlie Pellett.

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Speaker 5: A Fed rake god is seen as a done deal

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Speaker 5: because of the job market that according to Matt Lozetti,

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Speaker 5: chief US economist at Deutsche Bank, the.

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Speaker 3: Labor market picture has shown some weakness. You know, we've

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Speaker 3: seen job gains which have slaid materially. There's been some

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Speaker 3: upward movement in measures of labor market slack all someone

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Speaker 3: at the margins, but it does push the FED in

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Speaker 3: a little bit more worried direction about the labor market

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Speaker 3: than inflation.

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Speaker 5: Bloomberg Intelligence says there will likely be two descents, one

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Speaker 5: from FED Governor Stephen Myron in favor of a fifty

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Speaker 5: basis point cut, and one from Governor Michelle Bowman in

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Speaker 5: favor of continuing to shrink the balance sheet. In New

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Speaker 5: York Charlie Palett Bloomberg.

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Speaker 1: Radio, solid gains in tech stocks sent the major averages

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Speaker 1: to fresh record highs on Tuesday in front of the

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Speaker 1: start of big tech earnings. More from Bloomberg's tom.

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Speaker 2: Busby, Microsoft, Alphabet, and Meta Platforms all reporting their latest

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Speaker 2: quarterly results after today's closing bell, with investors hoping for

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Speaker 2: confirmation that the massive amounts of money each of those

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Speaker 2: companies has invested in artificial intelligence will show some sign

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Speaker 2: of paying off. Look for Alphabet to port gains in

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Speaker 2: its cloud computing unit and continued strength and advertising revenue

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Speaker 2: key for Microsoft It's Azure cloud computing unit. But Amazon's

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Speaker 2: earnings may be overshadowed by plans to slash fourteen thousand

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Speaker 2: jobs and that recent Amazon Web Services outage. Tom buzby

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Speaker 2: Bloomberg Radio.

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Speaker 1: In sports, the Toronto Bluejays beat the Los Angeles Dodgers

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Speaker 1: in Game four of the World Series. The score was

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Speaker 1: six to two and the series is now tied at

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Speaker 1: two games apiece, and that is news when you want

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

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Speaker 1: is Bloomberg