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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 calling for a group of

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Speaker 1: Democratic lawmakers to be put on trial for sedition now.

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Speaker 1: Trump was reacting to a video released by those Democrats

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Speaker 1: that told members of the intelligence community and the military

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Speaker 1: to disobey orders that would violate the law. Later, in

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Speaker 1: a post on truth Social Trump suggested the lawmakers should

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Speaker 1: face the death penalty. Trump also reposted another user's statement

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Speaker 1: that called for hanging Democrats. Here, as White House Press

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Speaker 1: Secretary Caroline Levitt, they are.

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Speaker 2: Literally saying to one point three million active duty service

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Speaker 2: members not to defy the chain of command. Every single

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Speaker 2: order that is given to this United States Military by

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Speaker 2: this Commander in Chief and through this chain of command

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Speaker 2: through the Secretary of War is lawful. We are following

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Speaker 2: the laws. We don't defy court orders. We do things

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Speaker 2: by the books. And to suggest and encourage that active

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Speaker 2: duty service members to by the chain of command is

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Speaker 2: a very dangerous thing for sitting members of Congress to do,

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Speaker 2: and they should be held accountable. And that's what the

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Speaker 2: President wants to see.

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Speaker 1: That is White House Press Secretary Caroline Levitt. President Trump

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Speaker 1: is expanding tariff breaks for Brazilian food products. Dozens of

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Speaker 1: popular items would be exempted from a forty percent levee

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Speaker 1: imposed on goods from Brazil earlier this year. Now, this

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Speaker 1: move could help bring down prices for things like coffee,

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Speaker 1: orange juice, and beef at a time of growing US

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Speaker 1: voter dissatisfaction over the cost of living. In a post

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Speaker 1: this evening on social media, Brazilian President Lula thanked Trump

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Speaker 1: for the tariff relief, but only partially. We move next

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Speaker 1: to the war in Ukraine. President Voladimir Zelensky said he

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Speaker 1: has agreed to work on a peace plan drafted by

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Speaker 1: the US and Russia to end this conflict now. The

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Speaker 1: proposal includes demands for Ukraine to seed territory and for

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Speaker 1: the removal of sanctions on Russia. Now Ukraine has repeatedly

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Speaker 1: called both unacceptable. Zelensky is expecting to speak with it

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Speaker 1: and Trump about these proposals. Here is Mara Rudman, former

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Speaker 1: senior White House security official.

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Speaker 3: It is essentially the twenty twenty two Russia Plan that

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Speaker 3: it is drafted by the United States and Russia. So

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Speaker 3: drafted by one of the parties to the conflict and

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Speaker 3: then presented to the other not exactly a prescription for

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Speaker 3: forward movement.

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Speaker 1: That is Maura Rudman, former senior White House security official. Now,

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Speaker 1: according to one of our sources, Zelensky did receive signals

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Speaker 1: from the US that he should accept this deal. Netflix,

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Speaker 1: along with Comcast and Paramount's guidance, have all submitted their

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Speaker 1: bids for all or parts of Warner Brothers Discovery. The

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Speaker 1: New York Times says these submissions met Warner's Thursday deadline. Now,

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Speaker 1: Comcast and Netflix are mostly interested in the film and

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Speaker 1: TV library. Earlier, Bloomberg reported Netflix is even willing to

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Speaker 1: give up opposition to releasing movies in theaters if it

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Speaker 1: were to acquire the studio and the library. Now Paramount

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Speaker 1: is willing to buy all of Warner Brothers in looting

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Speaker 1: it's cable channels like CNN, TNT, and the Cartoon Network.

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Speaker 1: Verizon is laying off more than thirteen thousand employees, and

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Speaker 1: this will shrink Verizon's non union workforce by as much

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Speaker 1: as twenty percent. The bulk of the affected employees will

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Speaker 1: be taken off Horizon's payroll by the end of the year.

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Speaker 1: Here is Bloomberg analyst John Butler, If.

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Speaker 4: You're cutting thirteen percent of the workforce. There's a big

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Speaker 4: cost savings there, so you're getting leaner on the expense line,

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Speaker 4: which gives you a little more room on the revenue

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Speaker 4: line to begin to promote more and really step up

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Speaker 4: in match competitors like T Mobile, which continue to be

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Speaker 4: aggressive on price. And then at the lower end, of course,

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Speaker 4: you've got the cable operators and their wireless brands, and

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Speaker 4: they have been promoting very hard on price in order

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Speaker 4: to drive up their wireless installed base.

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Speaker 1: That is Bloomberg analyst John Butler. Now Verizon will make

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Speaker 1: available a twenty million dollar fund to help employees learn

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Speaker 1: new skills that would include retraining for a job market

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Speaker 1: impacted by the rise of artificial intelligence. New York City

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Speaker 1: Mayor elect Zoron Mumdani will be meeting with President Trump

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Speaker 1: at the White House tomorrow. We have more from Bloomberg's

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Speaker 1: Amy Morris in Washington.

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Speaker 5: Mom Donnie has an agenda for his long awaited meeting

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Speaker 5: with President Trump.

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Speaker 6: I have many disagreements with the President, and I believe

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Speaker 6: that we should be relentless and pursue all avenues and

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Speaker 6: all meetings that could make our city affordable for every

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Speaker 6: single New York.

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Speaker 5: New York Republican Congressman Andrew Garbarino tells balance of power,

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Speaker 5: the president needs to flex his muscle.

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Speaker 7: I hope the President makes clear to the mayor that

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Speaker 7: his past anti police rhetorick. He can't act this way.

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Speaker 7: It's mayor, and if he does anything that makes New

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Speaker 7: York less safe, the President has my support in doing

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Speaker 7: what he needs to do and making sure it stays safe.

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Speaker 5: The meeting comes after the Trump administration reviewed canceling or

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Speaker 5: suspending funds that benefit New York City. In Washington, Amy

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Speaker 5: Moore as Bloomberg.

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Speaker 1: Radio, negotiations between the Trump administration and Harvard University are

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Speaker 1: close to an end. The White House had attempted to

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Speaker 1: freeze nearly three billion dollars in federal research grants to Harvard,

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Speaker 1: citing concerns over anti semitism and liberal bias on campus.

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Speaker 1: Well that prompted the university to sue the Trump administration,

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Speaker 1: arguing that the funding freeze was unconstitutional and that it

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Speaker 1: amounted to an abuse of executive power. Here is Education

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Speaker 1: Secretary Linda McMahon.

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Speaker 2: Their ongoing negotiations, and I feel very comfortable that we

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Speaker 2: are getting close to having those negotiations finalized.

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Speaker 4: It's been open door conversation all along.

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Speaker 1: That is Education Secretary Linda McMahon. Now, the administration's demands include,

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Speaker 1: shuddering diversity, equity and inclusion programs. And that is news

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Speaker 1: when you want it. With Bloomberg News Now, I'm Doug Prisner,

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Speaker 1: and this is Bloomberg