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Speaker 1: News when you wanted with Bloomberg News Now, I'm Scott Carr.

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Speaker 1: The Trump administration says it will use a framework from

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Speaker 1: the Office of the US Trade Representative in continued trade

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Speaker 1: talks with other nations. Trump administration officials say the frameworks

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Speaker 1: designed specifically for trading partners rushing to secure deals to

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Speaker 1: avert any further hikes in tariffs. US negotiators will use

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Speaker 1: a template, they say that lays out common areas of concern,

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Speaker 1: including tariffs, non tariff barriers, digital trade, economic security, and

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Speaker 1: commercial concerns. Reports saying under the structure, the US will

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Speaker 1: hold discussions with around eighteen countries, six every week over

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Speaker 1: three weeks, in a rotation until they head a deadline.

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Speaker 1: Reports say a large tax and spending package working its

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Speaker 1: way through the US House, led by Republicans, would pair

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Speaker 1: back federal employee pension benefits, another slap at a workforce

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Speaker 1: already roiled by cost cutting efforts led by Elon Musk's DOGE.

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Speaker 1: The proposal, which the House Oversight Committee and Government Reform

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Speaker 1: Committee Chairman James Comer announced Friday night, would force a

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Speaker 1: lot of federal civilian workers to pay higher premiums for

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Speaker 1: retirement benefits and would lower their eventual benefits by changing

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Speaker 1: the formula for calculating payments. The biggest change would be

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Speaker 1: to raise the premium many longtime federal men postal workers

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Speaker 1: pay out of their salaries into the Federal Employee retirement system.

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Speaker 1: The Oversight Committee expects to vote on the plan this

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Speaker 1: coming week. The Chairman of the Federal Reserve, Jerome Powell,

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Speaker 1: today used the gathering of finance chiefs from around the

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Speaker 1: world distressed that central banks must be shielded, he said,

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Speaker 1: from politics, to ensure their focus on keeping inflation stable

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Speaker 1: and employment high. People familiar say Powell delivered an impassioned

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Speaker 1: defense of central bank independence when he addressed policymakers and

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Speaker 1: finance ministers during a meeting at the International Monetary Fund.

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Speaker 1: Powell's remarks triggered rounds of applause from the audience and

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Speaker 1: were followed by equally impassionate remarks from peers. Earlier this week,

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Speaker 1: Trump called Powell a major loser on social media and

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Speaker 1: again pushed for the Fed to lower interest rates. President

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Speaker 1: Trump today suggested that another delay and what he calls

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Speaker 1: higher reciprocal tariffs is unlikely. Bloombergs Tyler Kendall tells our

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Speaker 1: Balance of Power program. The President said good progress has

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Speaker 1: been made in talks with Japanese officials, but would not

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Speaker 1: confirm recent reports of a recent discussion he may have

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Speaker 1: had with Chinese President Jijinping said, you spoke with President she?

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Speaker 1: Have you spoken to him since the karens I.

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Speaker 2: Don't want to comment on that, but I've spoken.

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Speaker 1: To him many times. Yeah, I'll let you know at

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Speaker 1: the appropriate time. Let's say, if we can make a deal.

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Speaker 3: Well, when it comes to a deal, President Trump has

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Speaker 3: reiterated that he thinks that one hundred and forty five

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Speaker 3: percent levy on Chinese goods is very high, amounts to

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Speaker 3: a trade in bargo, which has prompted some optimism that

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Speaker 3: that rate could come down.

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Speaker 1: There's Bloombergs Tyler Kendall. Tomorrow, the FED begins its customary

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Speaker 1: quiet period ahead of policymakers next meeting on me A

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Speaker 1: sixth and seventh. Fed officials are expected to hold rate

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Speaker 1: steady at that gathering for the third consecutive time. Many

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Speaker 1: of the world financial leaders at that meeting over the

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Speaker 1: past week have downplayed any possibilities of another financial crisis

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Speaker 1: similar to what happened in two thousand and eight. As

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Speaker 1: we hear from Bloomberg's Vinnie del Judais, there's.

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Speaker 2: Wall to wall uncertainty, reflecting White House trade policy. There's

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Speaker 2: financial cushion too. The largest US banks added more than

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Speaker 2: one hundred and seventy billion dollars a capital over the

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Speaker 2: past three years, based on Bloomberg News reporting, European banks

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Speaker 2: also fattened up. Economic policymakers say the market resilience in

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Speaker 2: the past few turbulent weeks points to the benefits of

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Speaker 2: post two thousand and eight reforms. Privately, regulators have marveled

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Speaker 2: how well markets have endured. Vindel Judeice Bloomberg Radio.

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Speaker 1: Compass has filed a lawsuit against the Northwest Multiple Listing

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Speaker 1: Service alleging anti competitive practices, specifically restricting Compass agents from

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Speaker 1: publicly marketing some properties. The lawsuit centers around private exclusives,

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Speaker 1: a practice that Compass claims is being blocked by the

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Speaker 1: multiple listing service, and the group's policy of not allowing

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Speaker 1: Compass to pre market homes. A solid Wall Street week

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Speaker 1: ended with gains for stocks today as a surge in

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Speaker 1: megacap sent the S and P five hundred above fifty

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Speaker 1: five hundred at friday's close. The now had gained a fraction,

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Speaker 1: or twenty points, the SMP gained seven tenths or forty points.

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Speaker 1: The Nasdaq improved by just over one and a quarter percent,

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Speaker 1: or two hundred and seventeen points. That's news when you

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Speaker 1: wanted with Bloomberg News Now. I'm Scott Carr, and this

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Speaker 1: is Bloomberg