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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. Two members of the West Virginia National Guard

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Speaker 1: are in critical condition after being shot earlier today near

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Speaker 1: the White House. The suspect was also shot before being

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Speaker 1: arrested by other members of the Guard and members of

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Speaker 1: the Washington d C. Police. And now we are learning

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Speaker 1: that the suspect is a twenty nine year old Afghan national.

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Speaker 1: And at the same time, we are learning the US

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Speaker 1: has stopped processing immigration request from Afghan nationals. Here is

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Speaker 1: President Trump speaking earlier.

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Speaker 2: This heinous assault was an active evil and active hatred

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Speaker 2: and an active terror. It was a crime against our

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Speaker 2: entire nation. It was a crime against humanity. The hearts

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Speaker 2: of all Americans tonight are with those two members of

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Speaker 2: the West Virginia National Guard and their families.

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Speaker 1: That was President Trump. Now, the President has also ordered

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Speaker 1: five hundred more National Guard troops to Washington following this shooting.

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Speaker 1: Here is Defense Secretary Pete.

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Speaker 3: We will never back down. We will secure our capital,

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Speaker 3: we will secure our cities. In fact, this happened just

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Speaker 3: steps away from the White House. It will not stand.

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Speaker 3: And that's why President Trump has asked me, and I

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Speaker 3: will ask the Secretary of the Army to the National

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Speaker 3: Guard to add five hundred additional troops National guardsmen to

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Speaker 3: Washington DC. This will only stiffen our resolve to ensure

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Speaker 3: that we make Washington, DC safe and beautiful.

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Speaker 1: That was Defense Secretary Pete Hegseth. The Kremlin is confirming

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Speaker 1: that US Special Envoys Steve Whitkoff is set to visit

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Speaker 1: Moscow next week for more talks on a peace deal

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Speaker 1: with Ukraine. Now the White House is optimistic about progress. However,

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Speaker 1: doubts remain in European capitals. We are told Ukraine's western

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Speaker 1: allies agree that Russian President Putin has no interest in

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Speaker 1: an immediate cease fire. Here is Bloomberg's Greg Sullivan.

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Speaker 4: Trump dispatched him amid optimism and his latest push to

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Speaker 4: try and secure a deal. Obviously, there were talks between

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Speaker 4: the US and Russians happening in Abu Dhabi recently, and

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Speaker 4: Trump also said that he would dispatch Secretary of the

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Speaker 4: Army Dan Driscoll to Ukraine to continue those negotiations. He's

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Speaker 4: largely expressed optimism that the gap between the US and

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Speaker 4: Ukrainian positions has been narrowing. However, sticking points still remain,

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Speaker 4: and it's hard to see how certain parts certain changes

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Speaker 4: that could potentially satisfy Ukrainians wouldn't be a deal breaker

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Speaker 4: for Russians and vice versa.

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Speaker 1: That is Bloomberg's Greg Sullivan Now Moscow has pushed back

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Speaker 1: on the idea that a deal was imminent. A New

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Speaker 1: York judge has ordered the Department of Justice to take

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Speaker 1: new precautions to protect the privacy of victims in the

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Speaker 1: Jeffrey Epstein case. Now. This order comes after lawyers complained victims'

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Speaker 1: names were exposed when Congress released a trove of documents

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Speaker 1: related to the Epstein case. In response, District Judge Richard

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Speaker 1: Berman directed the DOJ to privately show him information before

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Speaker 1: it's made public, and at the same time, Berman has

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Speaker 1: set a Monday deadline for the DOJ to provide the

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Speaker 1: privacy process to protect Epstein's victims. A federal three judge

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Speaker 1: panel is allowing North Carolina to use a redrawn congressional

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Speaker 1: map aimed at flipping a seat to Republicans. This new

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Speaker 1: map takes aim at North Carolina's only swing seat, currently

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Speaker 1: held by Democratic US Rep. Don Davis, an African American

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Speaker 1: who represents more than twenty counties in the state's northeast. Now,

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Speaker 1: the first district has been represented by black members of

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Speaker 1: Congress continuously for more than thirty years. The latest FED

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Speaker 1: survey showed little change in US economic activity during recent weeks.

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Speaker 1: The so called Beije Book also found employment declined slightly

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Speaker 1: and prices rose moderately. Here is Claudia sam chief economist

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Speaker 1: for New Century Advisors.

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Speaker 5: The Beijbook was going to be an important input to

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Speaker 5: this discussion of like how resilient is demand because we've seen,

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Speaker 5: you know, we don't have our complete picture numbers, like

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Speaker 5: they're not going to get a GDPs even for the

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Speaker 5: third quarter before they meet in December. So the beaise

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Speaker 5: Book is comprehensive, is qualitative, but it's structured and it

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Speaker 5: does give us a flavor across lots of sectors across

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Speaker 5: the country.

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Speaker 1: Claudia Sam there from New Century Advisors, speaking earlier on

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Speaker 1: Bloomberg Business Week Daily. Now, multiple FED districts, including New York, Atlanta,

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Speaker 1: and Minneapolis, reported spending among upper income consumers was resilient. However,

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Speaker 1: low and middle income households were tightening the belt. Applications

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Speaker 1: for first time jobless benefits fell last week to the

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Speaker 1: lowest level since mid April. However, continuing claims edged higher,

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Speaker 1: indicating labor market stress is not over. Here is Bloomberg's

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Speaker 1: Michael McKee.

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Speaker 6: Continuing claims basis one million, nine hundred and sixty thousand.

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Speaker 6: That's up slightly from one million, nine hundred and fifty

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Speaker 6: three thousand, the revised number for the prior week. So

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Speaker 6: jobless claims still showing a reasonably strong labor market, if

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Speaker 6: not forgetting as.

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Speaker 1: At least for not losing them, that is Bloomberg's Michael McKee.

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Speaker 1: We go to the UK next, where Chancellor of the

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Speaker 1: Exchequer Rachel Reeves announced tax increases worth more than thirty

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Speaker 1: four billion dollars, and in the process she breached Prime

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Speaker 1: Minister Starmer's campaign promise not to raise broad based taxes now.

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Speaker 1: The need to raise taxes came in response to forecast

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Speaker 1: for slower economic growth as well as the push for

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Speaker 1: more welfare spending, and at the same time, Reeves is

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Speaker 1: committed to lowering debt, although she said she will not

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Speaker 1: rule out further tax increases.

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Speaker 7: No chancellicker writes future budgets. I took the fair and

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Speaker 7: necessary choices today, but my focus has been and always

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Speaker 7: will be or growing our economy so that we can

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Speaker 7: keep taxes down and have the money we need to

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Speaker 7: invest in our public services.

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Speaker 1: That was UK Chancellor of the Exchequer Rachel Reeves, speaking

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Speaker 1: earlier to Bloomberg Now. Before Reeves began speaking in the

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Speaker 1: House of Commons, details of her budget were mistakenly released

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Speaker 1: by the Office of Budget Responsibility, the UK's budgetary watchdog,

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Speaker 1: the OBR, apologized and it's investigating the error. And that

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Speaker 1: is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisoner and this is Bloomberg