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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Chrisner. Tensions over trade between the US and China

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Speaker 1: spiked again today. Early on Tuesday, China sanctioned five US

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Speaker 1: units of the South Korean shipping firm Hanwa Ocean Company,

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Speaker 1: and at the same time, Beijing threatened more retaliation. Then,

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Speaker 1: in a post on truth Social near the close of

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Speaker 1: US trading, President Trump said the US might stop trading

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Speaker 1: in cooking oil with China. Trump framed this potential move

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Speaker 1: as retaliation against Beijing for its refusal to buy American soybeans.

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Speaker 1: Here is Bloomberg's Derek Wallbank.

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Speaker 2: What we're seeing right now is we're seeing a substantial

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Speaker 2: escalation in this sort of like here and there, tit

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Speaker 2: for tat kind of go back and forth between China

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Speaker 2: and the United States, both of them ratcheting up tensions

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Speaker 2: in some small ways here and there walking into what

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Speaker 2: is going to be a showdown meeting between Trump and

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Speaker 2: She expected at the APEC conference. Around the sidelines of

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Speaker 2: the APEC conference in South Korea.

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Speaker 1: That was Bloomberg's Derek Wallbank, and as he mentioned, President's

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Speaker 1: Trump and She were expected to meet at the end

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Speaker 1: of the month at that APEC summit. Today, we heard

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Speaker 1: from US Trade Rep. Jamison Greer addressing that meeting and

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Speaker 1: saying that in fact, Trump was still on track to

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Speaker 1: meet with she Now. Greer's remarks did provide hope for

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Speaker 1: markets in terms of future negotiations. Apple is preparing to

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Speaker 1: expand its manufacturing operations in Vietnam. It's part of Apple's

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Speaker 1: ongoing effort to reduce its dependence on China. We are

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Speaker 1: told the company is developing a range of new home

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Speaker 1: devices for next year to be built in Vietnam, and

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Speaker 1: that would include indoor security cameras and a display designed

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Speaker 1: to control appliances. President Trump is threatening to pull financial

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Speaker 1: assistance from Argentina. These comments came during a meeting today

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Speaker 1: with Argentina's President, Javi Ar Malay. Now. Argentina is set

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Speaker 1: to hold midterm elections for its legislative body later this month,

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Speaker 1: and Trump suggested a twenty billion dollar lifeline could be

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Speaker 1: contingent on Malay's success. Today we heard from Massachusetts Democratic

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Speaker 1: Senator Elizabeth Warren. She offered her reaction to the administration's

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Speaker 1: deal with Argentina.

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Speaker 3: Donald Trump ran for office proclaiming he would do America first. Instead,

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Speaker 3: he is sending twenty billion American taxpayer dollars to bail

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Speaker 3: out his buddy in Argentina. And he's doing this after

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Speaker 3: Argentina has just cozied up to China and cut a

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Speaker 3: deal with China that takes the legs out from underneath

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Speaker 3: American soybean farmers.

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Speaker 1: Massachusetts Democratic Senator Elizabeth Warren speaking on Bloomberg's balance of power.

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Speaker 1: We go to Israel next, where the government says it

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Speaker 1: would cut in half the number of humanitarian aid trucks

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Speaker 1: allowed to travel into Gaza. Authorities are concerned that Hamas

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Speaker 1: was returning the reins of dead hostages more slowly than agreed.

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Speaker 1: Here is Danny Denon, Israel's ambassador to the UN.

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Speaker 4: Unfortunately, what happened instead of releasing all of the bodies

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Speaker 4: at the same time, We received four bodies yesterday that

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Speaker 4: we identified, and in the last few hours we received

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Speaker 4: another four bodies that we have to identify. It will

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Speaker 4: take us few hours, so I assume that we will

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Speaker 4: be hate altoges back home. But Hamas can do more

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Speaker 4: than that capable. We know that they know the location

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Speaker 4: of more hostages who were deceased and buried in Gaza.

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Speaker 4: And we expect them not to play any games with US.

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Speaker 1: Danny Dennon there Israel's ambassador to the UN. We also

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Speaker 1: heard today from President Trump on this topic, and he

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Speaker 1: demanded that Hamas returned the bodies of those deceased hostages.

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Speaker 1: At the same time, Trump threatened the militant group with

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Speaker 1: retaliation if it did not lay down its arms. We

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Speaker 1: heard today from Fetchair J. Powell, who reinforced bets on

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Speaker 1: a rate cut in October given a weaker labor market.

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Speaker 1: Powell also indicated that FED may stop shrinking its balance

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Speaker 1: sheet in the coming months as a way of maintaining

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Speaker 1: liquidity in overnight funding markets.

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Speaker 5: Our long stated plan is to stop balance sheet runoff

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Speaker 5: when reserves are somewhat above the level we judge consistent

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Speaker 5: with ample reserves conditions. We may approach that point in

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Speaker 5: coming months, and we are closely monitoring a wide range

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Speaker 5: of indicators to inform this decision. Some signs have begun

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Speaker 5: to emerge that liquidity conditions are gradually tightening, including a

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Speaker 5: general firming of repo rates, along with more noticeable but

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Speaker 5: temporary pressures on selected dates.

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Speaker 1: FED share Jpowell there he was speaking at the National

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Speaker 1: Association for Business Economics in Philadelphia. It's day fourteen of

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Speaker 1: the government shutdown, and today President Trump pledged to release

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Speaker 1: a list of federal programs slated for cuts later in

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Speaker 1: the week. This is part of the White House effort

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Speaker 1: to slash the federal bureaucracy and put pressure on Democrats

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Speaker 1: to end the shutdowntime. Democrats remain firm in their position

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Speaker 1: that Republicans are responsible for the shutdown. Here is House

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Speaker 1: Minority Leader Jakim Jeffries.

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Speaker 6: We also need to make sure that we take care

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Speaker 6: of all of our hardworking federal civil servants, which is

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Speaker 6: why Republicans should be back here in Washington working with

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Speaker 6: us to reopen the government.

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Speaker 1: And at the same time, today, more than a dozen

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Speaker 1: US airports vowed to not show the video of Homeland

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Speaker 1: Security Secretary Christine Nome blaming Congressional Democrats for the ongoing shutdown.

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Speaker 1: Here is a clip of that video.

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Speaker 7: Hi, I'm christin home the United States Secretary of Homeland Security.

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Speaker 7: It is TSA's top priority to make sure that you

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Speaker 7: have the most pleasant and efficient airport experience as possible

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Speaker 7: while we keep you safe. However, Democrats in Congress refuse

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Speaker 7: to fund the federal government, and because of this, many

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Speaker 7: of our operations are impacted and most of our TSA

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Speaker 7: employees are working without pay. We will continue to do

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Speaker 7: all that we can to avoid delays that will imp

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Speaker 7: your travel, and our hope is that Democrats will soon

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Speaker 7: recognize the importance of opening the government.

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Speaker 1: Homeland Security Secretary Christy Nome in a video now. Some

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Speaker 1: of the airports cited the political nature of this message

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Speaker 1: from Nome for not showing the video, saying it violated

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Speaker 1: their policies. In the MLB postseason, the Los Angeles Dodgers

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Speaker 1: have beaten the Milwaukee Brewers in Game two of the

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Speaker 1: NLCS five to one. LA now leads this series two

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Speaker 1: games to none. And that is news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Doug Prisoner and this

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Speaker 1: is Bloomberg