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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the countdown to a possible government shutdown.

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Speaker 3: Congress has until just after midnight tomorrow night to pass

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Speaker 3: a short term funding bill to keep the government open. Today,

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Speaker 3: President Trump meets with congressional leaders from both parties after

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Speaker 3: canceling a meeting last week the Democrats at the last minute.

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Speaker 3: Senate minoriti Leader Chuck Schumer says a stopgap has to

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Speaker 3: include an extension of healthcare subsidies.

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Speaker 4: Our healthcare situation is a shambles in good part because

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Speaker 4: of what the Republicans did in the BBB, their so

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Speaker 4: called Big Beautiful Bill. Now they want to change the

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Speaker 4: name of it because they know it's not very popular.

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Speaker 4: I think sixty eight percent of Americans don't like it.

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Speaker 3: Senate Minority Leader Chuck Schumer says he hopes there's a

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Speaker 3: serious negotiation. Republicans need at least seven Democrats to pass

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Speaker 3: a stopgap. In the Senate, Majority Leader John Thune says

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Speaker 3: the ball is in Democrats court.

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Speaker 5: There is a bill sitting at the desk in the

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Speaker 5: Senate right now. We could pick it up today and

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Speaker 5: pass it that has been passed by the House, that

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Speaker 5: will be signed in a law by the President to

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Speaker 5: keep the government open.

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Speaker 3: Senate leaders John Thune and Chuck Schumer both appeared on

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Speaker 3: NBC's Meet the Press, heard Sundays on Bloomberg Radio. Today's

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Speaker 3: meeting is set for three pm Wall Street time from

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Speaker 3: the White House. Government funding is set to lapse at

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Speaker 3: a minute after midnight tomorrow night.

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Speaker 2: Nathan the President who will be holding another key meeting

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Speaker 2: at the White House today. He'll be talking with Israeli

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Speaker 2: Prime Minister Benjamin Netanyahu. The meeting comes days after Nettan

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Speaker 2: Yahoo used a UN address to reject international demands for

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Speaker 2: an end to the war in Gaza. Vice President jd

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Speaker 2: Vance is expressing optimism a deal can be reached.

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Speaker 6: So there's a very complicated negotiation happening right now between

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Speaker 6: Arab leaders, between the Israelis, and of course between the

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Speaker 6: Trump administration, led by Special Envoys Steve Woodkoff and Secretary

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Speaker 6: of State Mark or Rubio. So those conversations are happening

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Speaker 6: as we speak. They're ongoing over the course of the

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Speaker 6: past couple of days.

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Speaker 7: I'm going to let those.

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Speaker 6: Negotiations play out, but I think the President's optimism is

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Speaker 6: warned here. I feel more optimistic about where we are

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Speaker 6: right now than where we have been at any point

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Speaker 6: in the last few months.

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Speaker 2: Vice President JD. Vans made the comments on Function News Sunday,

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Speaker 2: and you can catch the program Sunday afternoons right here

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Speaker 2: on Bloomberg Radio.

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Speaker 3: Look here, there are major developments this morning in the

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Speaker 3: race for New York City mayor. In Bloomberg's John Tucker

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Speaker 3: joins us in Manhattan with the very latest, John and Nathan.

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Speaker 8: There is one less candidate. Mayor Eric Adams has dropped out.

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Speaker 9: I cannot continue my re election campaign.

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Speaker 8: He gave his reasons in a social media post sitting

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Speaker 8: on the interior steps of Gracie Mansion.

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Speaker 9: The constant media speculation about my future and the campaign

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Speaker 9: finance boys decision to with whole millions of dollars have

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Speaker 9: undermined my ability to raise the funds needed for campaign.

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Speaker 8: His announcement follows reports he was entertaining potential job offers

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Speaker 8: from the Trumpet administration. Adam's exit means that former Governor

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Speaker 8: Andrew Cuomo can mount a more potent challenge to the

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Speaker 8: front runner the Democratic nominees, or On Mamdani. A Suffolk

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Speaker 8: University Cityview poll released just Tuesday showed Mamdanni leading with

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Speaker 8: five forty five percent support compared to twenty five percent

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Speaker 8: for Cuomo. The poll also had Republican candidate Curtis Sleewah

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Speaker 8: at nine percent and Adams at only eight percent, But

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Speaker 8: the Poles have also shown that in a two way

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Speaker 8: race with Adams and Sliwa out, Mamdanni's lead over Cuomo

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Speaker 8: shrinks considerably. Michael Bloomberg, founder and majority owner of Bloomberg Lp,

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Speaker 8: endorsed Cuomo in the primary and has contributed to a

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Speaker 8: pack supporting his candidacy. You Know, York Ime, John Tucker,

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Speaker 8: Bloomberg Radio.

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Speaker 7: Okay, John, thank you.

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Speaker 3: A unique weather system could impact the East Coast in

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Speaker 3: the coming days. Bloomberg meteorologist Craig Allen is tracking the

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Speaker 3: storm Category.

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Speaker 10: Four very strong Hurricane Humberto a few hut miles north

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Speaker 10: of the Leeward Islands, will curve on up the Atlantic

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Speaker 10: bypassing Bermuda, although there will be some very strong wave

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Speaker 10: action for the island, but the worst of the wind

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Speaker 10: and the rain will stay far away, and it looks

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Speaker 10: like Umberto will take a track across the ocean. In

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Speaker 10: the meantime, just in front of Umberto is tropical Storm Imelda,

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Speaker 10: which would have gone right into the southeast ust coast

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Speaker 10: with wind and rain. But it looks like Umberto is

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Speaker 10: going to pivot around and pull Imelda away from the

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Speaker 10: US mainland. There may be more direct impacts to Bermuda

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Speaker 10: later this week, but it looks like for the most part,

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Speaker 10: Imelda will stay away from any landfall.

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Speaker 2: All right. Bloomberg meteorologist Craig Allen tracking this storm for

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Speaker 2: US this morning. We want to turn down to the

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Speaker 2: markets where gold is trading at another record high.

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Speaker 7: Right now.

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Speaker 2: Comex gold is at three thousand, eight hundred and forty

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Speaker 2: eight dollars an ounce. Since US stock futures are also higher,

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Speaker 2: Goldman Sachs strategists have upgraded equities to overweight from neutral.

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Speaker 2: They cite limited correction risks in the near term the

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Speaker 2: back of optimistic growth expectations driven by AI and an

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Speaker 2: expectation for further federal reserve rate cuts. The big economic

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Speaker 2: report of the week will come on Friday with the

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Speaker 2: jobs report for the month of September.

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Speaker 7: And we do have a deal.

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Speaker 3: To kickoff the week, Karen Denmark's gen Map has agreed

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Speaker 3: to acquire Dutch drug maker Maris for about eight billion dollars.

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Speaker 3: Maris is developing a treatment for cancer of the head

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Speaker 3: and neck. It is traded on the Nasdaq. This morning,

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Speaker 3: it is up thirty eight percent.

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Speaker 2: Well Nathan AstraZeneca plans to les shares on the New

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Speaker 2: York Stock Exchange to attract more investors, but it's keeping

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Speaker 2: its London trading and UK headquarters. The shares will replace

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Speaker 2: Astra's existing American Depository receipts in the US. Astra is

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Speaker 2: increasingly looking to the US for growth as it seeks

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Speaker 2: to boost manufacturing in the country. Astra has pledged to

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Speaker 2: invest fifty billion dollars in the US over the next

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Speaker 2: five years. Amid pressure from President Trump's tariff plans.

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Speaker 3: And Karen Autoparts supplier First Brands Group Holdings is filing

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Speaker 3: for Chapter eleven in exis. The privately held company's brands

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Speaker 3: ranged from Anko and Tricho Wiperblades to fram Filters.

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Speaker 2: Time now for a look at some of the other

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Speaker 2: stories making news in New York and around the world,

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Speaker 2: and for that were joined by Bloomberg's Michael Barr Michael,

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Speaker 2: good morning, Good.

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Speaker 11: Morning, Karen. A marine veteran smashed a pickup into a

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Speaker 11: church of Jesus Christ of Latter day Saints in Michigan,

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Speaker 11: opened fire, and then set the building a blaze during

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Speaker 11: a crowded Sunday service. He was then fatally shot by police.

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Speaker 11: At least four people were killed and aid wounded, and

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Speaker 11: authorities were searching the building ruins for more victims. It

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Speaker 11: happened in Grand Blank Township, a community outside of Flint.

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Speaker 11: Law enforcement official said the man got out of his

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Speaker 11: pickup and started shooting, apparently using gas to start the fire.

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Speaker 11: Grand Blank Township Police Department Chief William Rennie says he's

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Speaker 11: confident the community will come together and help each other. Heal.

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Speaker 3: I'm confident that we're going to overcome this as Graham

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Speaker 3: Blank always overcomes east like the incidents.

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Speaker 11: Acting FBI Agent in Charge Ruben Coleman says they are

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Speaker 11: investigating the attack as a targeted act of violence.

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Speaker 10: This act of violence has no place in our state

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Speaker 10: or anywhere else in our country.

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Speaker 11: The FBI's Ruben Coleman says. The attacker was identified as

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Speaker 11: Thomas Jacob Sanford, the man charge with the murder of

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Speaker 11: political activist Charlie Kirk is expected in a court room

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Speaker 11: in Utah. Utah County has hired three lawyers to represent

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Speaker 11: Tyler Robinson after a judge found he doesn't have the

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Speaker 11: money to hire one on his own. Oregon has filed

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Speaker 11: a lawsuit against the Trump administration after the President said

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Speaker 11: he'll send troops to Portland. Secretary of Defense Pete Hegsath

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Speaker 11: sent a memo to the governor authorizing the deployment of

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Speaker 11: two hundred members of the Oregon National Guard for sixty days.

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Speaker 11: Like a similar lawsuit filed earlier this year by California,

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Speaker 11: Oregon suit argues the president is overstepping his authority. Ore

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Speaker 11: Again Attorney General Dan Rayfield.

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Speaker 12: It's actually an American if you think about it, to

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Speaker 12: use the military against our own citizens. But that's exactly

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Speaker 12: what's happening right now across our country, from California to DC,

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Speaker 12: to Memphis to Illinois and now to Portland.

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Speaker 11: Global News twenty four hours a day and whenever you

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Speaker 11: want it with the Bloomberg News Now Michael Barr, and

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Speaker 11: this is Bloomberg Hery.

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Speaker 2: Thanks Michael all time now for our Bloomberg Sports update

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Speaker 2: and for that we bring in John Stashauer.

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Speaker 13: Thanks Karon. The Ryder Cup at Europe, taking a big

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Speaker 13: lead of the final day, the US made a run

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Speaker 13: in singles play, but Europe held on to win fifteen

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Speaker 13: to thirteen. They went nine to the last twelve Ryder Cups.

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Speaker 13: The baseball regular season is over, the playoffs beginning tomorrow

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Speaker 13: with Detroit at Cleveland, Red Sox visit the Yankees at

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Speaker 13: San Diego at the Cubs, and Cincinnati at the Dodgers.

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Speaker 13: Sunday Night football in Dallas a wild one between the

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Speaker 13: Packers and Cowboys. The game ended in a forty to

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Speaker 13: forty tie seven lead changes that to Bloomberg Sports Update.

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Speaker 7: Stay with us.

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Speaker 2: More from Bloomberg day Break coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 7: Good morning, I'm Nathan Hager and with us.

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Speaker 3: Than forty eight hours until a potential government shut down,

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Speaker 3: President Trump meets with leaders from both parties this afternoon

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Speaker 3: at the White House on a stopgap spending bill. The

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Speaker 3: President has predicted a shutdown will happen if Democrats don't

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Speaker 3: drop their healthcare demands.

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Speaker 7: Vice President JD Vance agrees, we.

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Speaker 6: Don't want to shut down the government, but if Democrats

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Speaker 6: refuse to just pass this clean continuing resolution, that's exactly

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Speaker 6: what's going to happen, and I think the Democrats are

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Speaker 6: going to bear the responsibility for it.

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Speaker 3: That was Vice President Jadvance on Fox New Sunday. Herd

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Speaker 3: on Bloomberg Radio this Monday morning. We're joined by Blomberg's

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Speaker 3: Jill Desas, And of course Jill was just a few

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Speaker 3: days ago that President Trump canceled a meeting with Democrats

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Speaker 3: on Truth Socials, saying it would be pointless to meet

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Speaker 3: with them unless they drop the healthcare demand.

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Speaker 7: So why hold this meeting today?

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Speaker 14: Good morning, Yes, good morning, Nathan. Certainly, I think you

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Speaker 14: know we're really coming down to the wire once again

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Speaker 14: with these two sides really trying to get the stop

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Speaker 14: gap spending bill over the line. It does seem like

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Speaker 14: at this point the Democrats are still holding pretty firm

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Speaker 14: to their healthcare demands. So the idea that this bill

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Speaker 14: must include an extension of healthcare subsidies, a restoration of

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Speaker 14: budget cuts to healthcare. Of course, Republicans saying that any

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Speaker 14: of these negotiations could happen after they divert the shutdown.

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Speaker 14: But I suppose that if you're a Democrat at this point,

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Speaker 14: you know what kind of guarantee would you ultimately have

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Speaker 14: that Republicans would want to pick that back up when

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Speaker 14: they continue to negotiate something that is a little bit

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Speaker 14: more longer term. So this does seem to be a

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Speaker 14: sticking point going to today, and I'm not sure that

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Speaker 14: we're going to get much clarity until we do get

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Speaker 14: these top four congressional leaders. Of course, that includes the

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Speaker 14: Senate Democratic Leader Chuck Schumer and his House kind of

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Speaker 14: part hecking Jeffries into this room with the top Republicans

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Speaker 14: as well as Donald Trump.

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Speaker 3: Just the healthcare demands from the Democrats. We had that

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Speaker 3: warning from the White House Budget Office last week that

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Speaker 3: if there were to be a shut down, government agencies

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Speaker 3: should prepare for mass firings. Is that the kind of

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Speaker 3: thing that could potentially buckle Democrats in their unity.

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Speaker 14: Well, so at this point, what we've actually heard from

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Speaker 14: the Democrats, I think most notably Chuck Schumer, is that

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Speaker 14: he's really kind of dismissed this threat of these mass

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Speaker 14: firings One thing that Chuck Schumer is trying to articulate

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Speaker 14: is he's trying to call the government's bluff here, is

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Speaker 14: saying that a portion of the mass layoffs that happened

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Speaker 14: earlier this year when Trump came into office were ultimately

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Speaker 14: restored by the courts or in some cases the administration

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Speaker 14: itself has backed off. So at least from the Democratic perspective,

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Speaker 14: it does seem like they're trying to play these negotiations.

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Speaker 14: Is saying, you know, we don't really think that you're

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Speaker 14: going to go that far anyway. Of course, whether that's

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Speaker 14: actually true, I think is, you know, something that's still

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Speaker 14: an open question.

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Speaker 3: How willing do Republicans seem to be when it comes

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Speaker 3: to negotiating on the healthcare provisions that Democrats want in

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Speaker 3: the possibility that there could be a stop gap passed

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Speaker 3: and potentially having those discussions, you know, in the in

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Speaker 3: the in the weeks to come.

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Speaker 14: Well, Nathan, I think, you know, as we were just

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Speaker 14: you know, talking a little bit earlier about jdie Vance,

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Speaker 14: you certainly don't see that willingness from the Republican side

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Speaker 14: to go forward with something like this. The question though,

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Speaker 14: is whether or not they would actually feel that pressure

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Speaker 14: from the Democrats they do need to get on board.

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Speaker 14: I believe that in order to get the short term

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Speaker 14: spending bill over the hump in the Senate, they need

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Speaker 14: at least seven Democrats to back it. So they do

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Speaker 14: need to get at least some of those Democrats you know,

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Speaker 14: potentially maybe that have better luck with those that are

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Speaker 14: based in swing states or some set to actually get

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Speaker 14: this through. But they still again do need at least

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Speaker 14: some Democratic support in order to make something happen. So

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Speaker 14: I think that there's at least, you know, some motivation

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Speaker 14: there to go through these negotiations this morning. Again, wherever

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Speaker 14: that lands, I think is still a pretty open question.

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Speaker 14: But you do see why you actually are bringing all

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Speaker 14: of these sides together today to discuss something before the

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Speaker 14: government shuts down.

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Speaker 7: Yeah in just thirty seconds.

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Speaker 3: I mean, what kind of economic impact could be we're

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Speaker 3: looking at here if there is a shutdown.

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Speaker 14: I mean, I think that you know, as with you know,

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Speaker 14: this kind of threat when it brears its head. Remember,

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Speaker 14: first of all, it's been a good seven or so

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Speaker 14: years since we last had a government shutdown. But you're

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Speaker 14: looking at a pretty wholesale closure of a lot of

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Speaker 14: what are deemed non essential federal offices, and so that

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Speaker 14: could amount to a significant amount of lost economic output.

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Speaker 14: I will say that the Trump administration has pledged that

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Speaker 14: it would continue to do some things such as collect

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Speaker 14: tariff revenue in the event of a government shutdown, but

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Speaker 14: still a pretty severe economic scenario here if they don't

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Speaker 14: get something together.

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Speaker 7: And I'm Nathan Hager.

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