1 00:00:00,840 --> 00:00:04,000 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:04,000 --> 00:00:07,360 Speaker 1: mad Kleggy. The Ontario government plans to stop running the 3 00:00:07,400 --> 00:00:12,000 Speaker 1: anti tariff advertisement that irked President Trump. Ontario Premier Doug 4 00:00:12,080 --> 00:00:14,320 Speaker 1: Ford said in a post on x that the government 5 00:00:14,360 --> 00:00:18,680 Speaker 1: funded ad, which featured excerpts of President Ronald Reagan criticizing tariffs, 6 00:00:18,880 --> 00:00:22,240 Speaker 1: will stop appearing after Frauday and Saturday's World Series Games. 7 00:00:22,440 --> 00:00:25,720 Speaker 1: Following Trump's criticism of it, Ford said that following a 8 00:00:25,840 --> 00:00:28,680 Speaker 1: conversation with Prime Minister Mark Karney, he'd pause the ad 9 00:00:28,760 --> 00:00:32,520 Speaker 1: starting Monday so that trade talks can resume. The Pentagons 10 00:00:32,560 --> 00:00:34,840 Speaker 1: that it received an anonymous one hundred and thirty million 11 00:00:34,920 --> 00:00:38,520 Speaker 1: dollars donation to pay the military during the US government shutdown, 12 00:00:38,840 --> 00:00:41,360 Speaker 1: a move of the administration might not legally be able 13 00:00:41,400 --> 00:00:45,000 Speaker 1: to carry out. Chief Pentagon spokesman Sean Parnell said, Freddy 14 00:00:45,040 --> 00:00:47,320 Speaker 1: in a statement that the donation was made on the 15 00:00:47,320 --> 00:00:49,559 Speaker 1: condition that it be used to offset the cost of 16 00:00:49,600 --> 00:00:53,639 Speaker 1: service members salaries and benefits. The donation if used as 17 00:00:53,680 --> 00:00:57,120 Speaker 1: the latest in a series of legally questionable federal budget 18 00:00:57,120 --> 00:01:00,400 Speaker 1: maneuvers that has allowed President Trump to seize greater control 19 00:01:00,440 --> 00:01:03,800 Speaker 1: of government functions amid the shutdown, which has stretched into 20 00:01:03,800 --> 00:01:07,040 Speaker 1: its fourth week. Wall Street saw a relief rally as 21 00:01:07,080 --> 00:01:11,440 Speaker 1: cooler than estimated inflation data reinforced trader conviction on federal 22 00:01:11,480 --> 00:01:15,120 Speaker 1: reserve interest rate cuts. Stocks extended their October advance, with 23 00:01:15,160 --> 00:01:17,240 Speaker 1: the S and P five hundred hitting all time highs 24 00:01:17,280 --> 00:01:20,640 Speaker 1: on bets that policy easing will keep powering corporate earnings, 25 00:01:20,959 --> 00:01:24,520 Speaker 1: and initial jump in treasuries waned after manufacturing and service 26 00:01:24,520 --> 00:01:28,280 Speaker 1: surveys underscored economic resilience. The slowest pace in three months 27 00:01:28,319 --> 00:01:31,479 Speaker 1: for underlying inflation was welcomed by traders who've been flying 28 00:01:31,480 --> 00:01:34,160 Speaker 1: almost blind amid the dearth of data since the start 29 00:01:34,200 --> 00:01:37,759 Speaker 1: of the government shutdown. The September Core consumer Price Index 30 00:01:37,800 --> 00:01:41,080 Speaker 1: increased point two percent from August. On an annual basis, 31 00:01:41,120 --> 00:01:44,880 Speaker 1: it rose three percent. House Democratic Leader Hakim Jeffrey's comments 32 00:01:44,880 --> 00:01:46,399 Speaker 1: and on today's inflation. 33 00:01:46,120 --> 00:01:49,840 Speaker 2: Report inflation of three percent confirmed that Donald Trump and 34 00:01:49,920 --> 00:01:54,840 Speaker 2: Republican policies are making life too expensive and now, because 35 00:01:54,840 --> 00:01:58,440 Speaker 2: of the Republican refusal to extend the Affordable Care Act, 36 00:01:58,480 --> 00:02:03,200 Speaker 2: tax credits of millions of Americans are receiving notices right 37 00:02:03,280 --> 00:02:07,360 Speaker 2: now that the healthcare premiums are about to skyrocket. 38 00:02:07,680 --> 00:02:11,320 Speaker 1: Minority leader. Jefferies also commented on efforts in democratic run 39 00:02:11,360 --> 00:02:15,519 Speaker 1: states to redefine congressional districts after Texas and other Republican 40 00:02:15,560 --> 00:02:16,240 Speaker 1: states did so. 41 00:02:16,440 --> 00:02:19,240 Speaker 2: Donald Trump is trying to rig the midterm elections by 42 00:02:19,320 --> 00:02:22,720 Speaker 2: jerrymandering congressional maps all across the country. Why are they 43 00:02:22,760 --> 00:02:26,920 Speaker 2: engaging in unprecedented efforts to jerrymann the congressional maps because 44 00:02:26,960 --> 00:02:30,280 Speaker 2: Mike Johnson knows the house is gone when the American 45 00:02:30,320 --> 00:02:33,200 Speaker 2: people are ready to throw them out of office. 46 00:02:33,440 --> 00:02:37,360 Speaker 1: President Trump's administration sanctioned Columbia's president and members of his 47 00:02:37,520 --> 00:02:41,840 Speaker 1: inner circle for alleged drug trafficking, intensifying the clash between 48 00:02:41,840 --> 00:02:44,920 Speaker 1: the two countries. The measurers announced Friday, but the Treasury 49 00:02:44,960 --> 00:02:49,040 Speaker 1: Department's Office of Foreign Assets Control target President Gustafo Petro, 50 00:02:49,200 --> 00:02:52,040 Speaker 1: his wife, one of his sons, and his interior minister 51 00:02:52,120 --> 00:02:56,000 Speaker 1: and former campaign chief Armando Benedetti. All four were added 52 00:02:56,040 --> 00:03:00,200 Speaker 1: to a specially designated nationals list. The US authority have 53 00:03:00,280 --> 00:03:03,280 Speaker 1: not yet provided evidence that Petro is a drug trafficker. 54 00:03:03,520 --> 00:03:06,240 Speaker 1: Trump has called Petro and a legal drug leader, accusing 55 00:03:06,320 --> 00:03:09,919 Speaker 1: him of allowing narcotics trafficking to flourish. The US is 56 00:03:09,919 --> 00:03:13,239 Speaker 1: setting and naval strike group, including its most modern aircraft 57 00:03:13,280 --> 00:03:17,280 Speaker 1: carrier to Latin America, sharply escalating a military campaign that's 58 00:03:17,320 --> 00:03:21,359 Speaker 1: targeted drug cartels and unsettled governments in the region. Defense 59 00:03:21,400 --> 00:03:25,200 Speaker 1: Secretary Pete Henksth ordered the Gerald R. Ford Carrier Strike 60 00:03:25,240 --> 00:03:28,320 Speaker 1: Group to the region to bolster US capacity to detect 61 00:03:28,480 --> 00:03:32,600 Speaker 1: monetary disrupt illicit actors and activities that compromise the safety 62 00:03:32,639 --> 00:03:36,040 Speaker 1: and prosperity of the United States homeland and our security 63 00:03:36,040 --> 00:03:39,120 Speaker 1: in the Western Hemisphere that according to a statement, the 64 00:03:39,120 --> 00:03:42,720 Speaker 1: Trump administration's military operation in the region has killed forty 65 00:03:42,720 --> 00:03:46,320 Speaker 1: three people in ten strikes on small boats that officials 66 00:03:46,360 --> 00:03:50,440 Speaker 1: alleged were carrying narcotics. Bloomberg News has learned that Trump 67 00:03:50,480 --> 00:03:53,720 Speaker 1: administration is preparing a proposal to open nearly all US 68 00:03:53,800 --> 00:03:57,960 Speaker 1: coastal warders for oil drilling. Bloomberg's Amy Morris has details 69 00:03:58,000 --> 00:03:58,880 Speaker 1: from Washington. 70 00:03:59,240 --> 00:04:03,520 Speaker 3: Documents detailing the expansive Interior Department proposal were reviewed by 71 00:04:03,560 --> 00:04:06,680 Speaker 3: Bloomberg News. It is not clear that the drafted plans 72 00:04:06,680 --> 00:04:09,080 Speaker 3: have been presented to the President yet for his approval. 73 00:04:09,280 --> 00:04:12,200 Speaker 3: They could change before they are published. The draft plan 74 00:04:12,320 --> 00:04:15,920 Speaker 3: for selling oil leases includes waters near the southeast US 75 00:04:16,360 --> 00:04:20,160 Speaker 3: despite opposition from state governors, and even after the president 76 00:04:20,240 --> 00:04:22,960 Speaker 3: had tried to close off those areas from drilling in 77 00:04:23,000 --> 00:04:26,400 Speaker 3: his first term in Washington. Amy Moore as Bloomberg Radio. 78 00:04:26,240 --> 00:04:28,240 Speaker 1: The Friday numbers on Wall Street. The Dow was up 79 00:04:28,279 --> 00:04:30,919 Speaker 1: four seventy two, closing for the first time over forty 80 00:04:30,960 --> 00:04:34,360 Speaker 1: seven thousand. NASDAC added two sixty three. The SNP gained 81 00:04:34,400 --> 00:04:36,840 Speaker 1: fifty three. The ten year treasury yield at an even 82 00:04:36,920 --> 00:04:39,680 Speaker 1: four percent, the two year yield three point four to 83 00:04:39,760 --> 00:04:43,479 Speaker 1: eight percent. That's news when you want it with Bloomberg News. 84 00:04:43,480 --> 00:04:46,960 Speaker 1: Now I made Kleggy. This is Bloomberg