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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner.

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Speaker 1: President Trump will be meeting tomorrow with Saudi Crown Prince

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Speaker 1: Mohammed bin Salmon at the White House. We have a

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Speaker 1: preview from Bloomberg's Amy Morris in Washington.

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Speaker 2: President Trump says he will sell F thirty five's to

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Speaker 2: Saudi Arabia.

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Speaker 3: I at a great ally. Yeah, I will say that

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Speaker 3: we will be doing that. We'll be selling F thirty five.

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Speaker 2: Crown Prince Mohammed bin Salmon or NBS for short hopes

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Speaker 2: to secure an executive order from President Trump to bolster

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Speaker 2: Saudi Arabia security and potentially pave the way for a

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Speaker 2: stronger defense treaty. They're also expected to discuss relations with Israel,

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Speaker 2: the future of Gaza, and access to AI chips and

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Speaker 2: nuclear technology. In Washington, Amy Moore as Bloomberg Radio.

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Speaker 1: Now, a sale of those advanced American fighter jets to

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Speaker 1: Saudi Arabia has the potential to alter the military balance

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Speaker 1: in the Middle East, and there is also potential ramifications

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Speaker 1: for Israel, already anxious over preserving its military edge over

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Speaker 1: its neighbors, something that is enshrined in US law. President

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Speaker 1: Trump says he doesn't rule out anything regarding US troops

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Speaker 1: going into Venezuela. Now, a build up of US forces

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Speaker 1: in the region is raising the prospect of military action.

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Speaker 1: On Sunday, the State Department said it's intending to designate

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Speaker 1: a Venezuelan drug cartel as a foreign terrorist organization, and

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Speaker 1: it alleges the group is headed by Venezuelan President Nicholas Maduro.

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Speaker 1: Here is Trump speaking at the White House.

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Speaker 3: He's done tremendous damage to our country, primarily because of drugs,

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Speaker 3: but really because we have that problem with other countries too,

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Speaker 3: but more than any other country. The release of prisoners

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Speaker 3: into our country has been a disaster. He's emptied his deals.

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Speaker 3: Others have done that also. He has not been good

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Speaker 3: to the United States. So we'll see what happens at

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Speaker 3: a certain period of time.

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Speaker 1: I'll be talking to now. This campaign of lethal attacks

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Speaker 1: on alleged drug running boats have killed about eighty people

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Speaker 1: over more than two months. Trump added that he would

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Speaker 1: be okay with the US carrying out military strikes inside

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Speaker 1: Mexico in order to prevent drugs from entering the US.

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Speaker 1: Trump also said he would be proud to strike cocaine

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Speaker 1: factories in Columbia. A judge in Tennessee has blocked the

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Speaker 1: use of National Guard troops in Memphis under a crime

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Speaker 1: fighting operation by President Trump. The AP is reporting the

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Speaker 1: judge also put the order on hold, and that will

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Speaker 1: give the government time to appeal his decision. One that

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Speaker 1: sides with democratic state and local officials who did sue.

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Speaker 1: Now they contend the governor cannot deploy the Tennessee National

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Speaker 1: Guard for civil unrest unless there is a rebellion or

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Speaker 1: invasion or a request from a local government. The House

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Speaker 1: of Representatives is heading toward a vote on a bill

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Speaker 1: to force the Department of Justice to release the case

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Speaker 1: files on Jeffrey Epstein. Now, Trump has reversed his position

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Speaker 1: on this bill. Last night, in the Post on Truth

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Speaker 1: Social Trump said House Republicans should vote to release the files.

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Speaker 1: Here is Bloomberg's Laura Davison.

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Speaker 4: In the House, we expect it to pass in the Senate.

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Speaker 4: You know, it really depends on, you know, how much

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Speaker 4: pressure there is on House Republicans. You know, if Trump

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Speaker 4: has said that House Republicans should do it, that would

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Speaker 4: stand to reason that he would also say the same

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Speaker 4: for Senate Republicans. But as you see, you know, the

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Speaker 4: White House really frantically try to reposition itself to focus

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Speaker 4: on affordability. You could see this issue sort of die

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Speaker 4: on the vine if there isn't that that political will

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Speaker 4: and might.

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Speaker 1: That is Bloomberg's Laura Davison. Now, the push for the

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Speaker 1: disclosure of the Epstein files has picked up since lawmakers

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Speaker 1: ended the government shut down. Separately, former Harvard University president

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Speaker 1: Larry Summers saying tonight that he plans to step back

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Speaker 1: from his public commitments after his correspondence with Epstein was

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Speaker 1: made public by US lawmakers. Summers is a Harvard professor

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Speaker 1: also a paid contributor to Bloomberg TV. He will continue

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Speaker 1: to fulfill his teaching obligations. New York City's mayor elect

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Speaker 1: Zoron Mamdani, has reached out to the White House, according

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Speaker 1: to The New York Times, to arrange a meeting with

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Speaker 1: President Trump. Yesterday, Trump mentioned the possibility of the meeting

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Speaker 1: to reporters.

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Speaker 3: The Mayor of New York, I will say, would like

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Speaker 3: to meet with us and we'll work something out. But

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Speaker 3: he would like to come to Washington and meet and

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Speaker 3: we'll work something out. We want to see everything work

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Speaker 3: out well for New York.

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Speaker 1: Mom Donnie said he hopes to use the meeting to

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Speaker 1: press the president to ease the affordability crisis. Bitcoin is

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Speaker 1: down sharply from its October high of one hundred and

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Speaker 1: twenty six thousand, currently trading it around ninety two thousand

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Speaker 1: and In that decline, bitcoin lost about six hundred billion

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Speaker 1: dollars in total market value, according to data compiled by Bloomberg.

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Speaker 1: Traders are anxious in trying to find explanations. Here is

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Speaker 1: Mike mcgloone senior commodity strategist at Bloomberg Intelligence.

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Speaker 5: Bitcoin's been one of the worst performing major assets this year,

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Speaker 5: particularly on about to the adjustin basis. The Bloomberg Ouxy

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Speaker 5: crypto next is down ten percent. That's despite the S

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Speaker 5: and P five hundred and fifteen percent. So I think

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Speaker 5: they're finding out. Yeah, that was great in the past

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Speaker 5: when some of those early tech geeks and insiders made it. Well,

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Speaker 5: now they're getting out because they realized for the space

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Speaker 5: to go higher. Number One, you're supporting the Trump administration.

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Speaker 5: You're depending on the Trump and Missin and that's what's shifted.

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Speaker 1: In the past.

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Speaker 5: It was away from the system. So I think what

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Speaker 5: we did with Trump getting elected and with the etf

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Speaker 5: S gatting launch, as we put in an enduring peak,

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Speaker 5: but it's very similar to the dot com bubble peak

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Speaker 5: in nineteen ninety nine, two thousand.

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Speaker 1: That is Bloomberg's Mike mcgloan. Wall Street is looking to

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Speaker 1: the latest numbers from in Nvidia do after the bell

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Speaker 1: on Wednesday. We have a preview from Bloomberg's Charlie Pellett.

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Speaker 6: In Vidia's report. We'll be closely watched as investors are

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Speaker 6: uneasy over high AI valuations. Cameron Dawson is chief investment

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Speaker 6: officer at New Edge Wealth.

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Speaker 7: Invidia has shown a very consistent ability to jump over

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Speaker 7: that high bar. Earnings are expected to grow sixty percent

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Speaker 7: this quarter, and this is the third quarter twenty twenty

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Speaker 7: six earnings of them on a fiscal basis, So in

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Speaker 7: Video is very much living in the future.

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Speaker 6: The chip maker is widely expected to deliver another earnings beat.

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Speaker 6: In New York, Charlie Pellett Bloomberg Radio.

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

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