1 00:00:00,960 --> 00:00:04,560 Speaker 1: News when you want it with Bloomberg News Now, I 2 00:00:04,680 --> 00:00:08,520 Speaker 1: met Kalki. A union filed as strike notice against Canadian 3 00:00:08,600 --> 00:00:13,200 Speaker 1: National Railway just hours after trains began rolling again on Friday, 4 00:00:13,520 --> 00:00:16,320 Speaker 1: creating a new obstacle in a labor dispute that has 5 00:00:16,480 --> 00:00:20,759 Speaker 1: upended North American supply chains. The Teamsters union told the 6 00:00:20,760 --> 00:00:23,959 Speaker 1: Montreal based railway that it plans to withdraw the services 7 00:00:24,239 --> 00:00:26,840 Speaker 1: of its roughly sixty five hundred members at ten am 8 00:00:26,880 --> 00:00:29,800 Speaker 1: Toronto time Monday if there is no agreement on a 9 00:00:29,840 --> 00:00:33,560 Speaker 1: new contract. Thousands of workers at Canadian Pacific Kansas City 10 00:00:33,560 --> 00:00:37,040 Speaker 1: are already on strike, bringing freight traffic to a halt 11 00:00:37,040 --> 00:00:40,200 Speaker 1: in much of the country, particularly in the Western provinces, 12 00:00:40,560 --> 00:00:45,400 Speaker 1: the heartland of Canada's agriculture and commodity sectors. NASA plans 13 00:00:45,440 --> 00:00:47,320 Speaker 1: to make a decision as soon as this weekend on 14 00:00:47,360 --> 00:00:50,199 Speaker 1: whether to allow a pair of astronauts to leave the 15 00:00:50,240 --> 00:00:53,920 Speaker 1: International Space Station aboard a Boeing spacecraft, ending weeks of 16 00:00:53,920 --> 00:00:58,000 Speaker 1: speculation about their return trip to Earth. Astronauts butsch Wilmore 17 00:00:58,000 --> 00:01:01,200 Speaker 1: and Sunny Williams have it aboard the spaced since arriving 18 00:01:01,240 --> 00:01:04,080 Speaker 1: June sixth, and had been expected to return about a 19 00:01:04,120 --> 00:01:06,560 Speaker 1: week later. In the event, the two were unable to 20 00:01:06,600 --> 00:01:09,959 Speaker 1: travel on the troubled Boeing craft. NASA has said it 21 00:01:10,040 --> 00:01:13,920 Speaker 1: was working with Elon Musk's Space Exon plants to return 22 00:01:14,000 --> 00:01:18,240 Speaker 1: the astronauts to Earth. In February, Robert F. Kennedy Junior 23 00:01:18,280 --> 00:01:21,040 Speaker 1: has endorsed Donald Trump for the presidency and has taken 24 00:01:21,080 --> 00:01:23,840 Speaker 1: his name off the ballot in swing states where he 25 00:01:23,959 --> 00:01:28,040 Speaker 1: might have drained crucial Trump votes. Bloomberg's IRV Chapman reports 26 00:01:28,040 --> 00:01:28,800 Speaker 1: from Washington. 27 00:01:29,040 --> 00:01:31,400 Speaker 2: In an honor system, he would have won the election, 28 00:01:31,600 --> 00:01:35,440 Speaker 2: Kennedy asserted, and he blamed the Biden administration for sparking 29 00:01:35,480 --> 00:01:36,399 Speaker 2: the Ukraine War. 30 00:01:36,720 --> 00:01:40,840 Speaker 3: President Trump says that he will reopen negotiations with President 31 00:01:40,920 --> 00:01:44,800 Speaker 3: bluten and end the war overnight. This alone would justify 32 00:01:44,920 --> 00:01:47,880 Speaker 3: my support for his campaign. He has justed that we 33 00:01:48,040 --> 00:01:49,960 Speaker 3: joined forces as a unity party. 34 00:01:50,160 --> 00:01:53,920 Speaker 2: Kennedy echoed Trump's description of Kamala harris nomination as a 35 00:01:53,960 --> 00:01:57,320 Speaker 2: palace coup, complaining that she ignored his requests for a 36 00:01:57,320 --> 00:02:00,760 Speaker 2: meeting while Trump and his team welcomed him in Washington. 37 00:02:00,800 --> 00:02:02,480 Speaker 2: Erv Chapman Lumberg Radio. 38 00:02:02,320 --> 00:02:05,840 Speaker 1: Special Council Jack Smith has decided against seeking a major 39 00:02:05,880 --> 00:02:09,200 Speaker 1: hearing to present evidence in the election interference case against 40 00:02:09,200 --> 00:02:13,040 Speaker 1: Donald Trump before voters go to the polls November fifth. This, 41 00:02:13,120 --> 00:02:16,040 Speaker 1: according to people familiar with the matter, the move means 42 00:02:16,080 --> 00:02:18,920 Speaker 1: that it's unlikely a so called meaning trial, which would 43 00:02:18,919 --> 00:02:23,160 Speaker 1: include evidence and testimony for impossible witnesses like former Vice 44 00:02:23,200 --> 00:02:26,400 Speaker 1: President Mike Pence, would take place before the presidential election. 45 00:02:26,760 --> 00:02:29,040 Speaker 1: Such a hearing would have been the best chance for 46 00:02:29,160 --> 00:02:32,600 Speaker 1: voters to review evidence about Trump's efforts to overturn the 47 00:02:32,639 --> 00:02:35,640 Speaker 1: twenty twenty election result as he campaigns to regain the 48 00:02:35,639 --> 00:02:39,520 Speaker 1: White House. Following FED Chair Jerome Powell's speech in Jackson 49 00:02:39,560 --> 00:02:43,400 Speaker 1: Hole Friday, former Treasury Secretary Lawrence Summer says that while 50 00:02:43,400 --> 00:02:46,520 Speaker 1: the Federal Reserve hit a low points in its monetary 51 00:02:46,600 --> 00:02:50,040 Speaker 1: policy history by failing to wact quickly against the twenty 52 00:02:50,080 --> 00:02:54,200 Speaker 1: twenty one inflation surge, in the end it did enough 53 00:02:54,280 --> 00:02:55,560 Speaker 1: to write the economy. 54 00:02:55,680 --> 00:02:58,240 Speaker 4: I've got to give the FED credit for the fact 55 00:02:58,840 --> 00:03:01,640 Speaker 4: that while it wasn't all obvious that this would be 56 00:03:01,720 --> 00:03:07,840 Speaker 4: the case, they moved strongly enough and vigorously enough to 57 00:03:08,040 --> 00:03:15,160 Speaker 4: keep expectations anchored. And it now looks, more frankly than 58 00:03:15,200 --> 00:03:18,320 Speaker 4: I would have expected, like we're gonna get out of 59 00:03:18,360 --> 00:03:24,760 Speaker 4: this very costly inflation episode without a major recession. 60 00:03:25,160 --> 00:03:29,720 Speaker 1: Bloomberg contributor Larry Summers speaking with David Weston on Wall Street. Week, 61 00:03:30,400 --> 00:03:34,400 Speaker 1: shares of GE's former energy division, now independent company ge 62 00:03:34,560 --> 00:03:38,119 Speaker 1: Vernova fell as much as seven percent before partly recovering 63 00:03:38,160 --> 00:03:41,720 Speaker 1: on Friday, this after one of its turbine blades failed 64 00:03:41,720 --> 00:03:44,640 Speaker 1: at an offshore wind farm near England. No one was hurt, 65 00:03:44,680 --> 00:03:47,360 Speaker 1: but it comes after another blade failure at the same 66 00:03:47,360 --> 00:03:50,520 Speaker 1: facility in May. Then in July, a blade fell from 67 00:03:50,560 --> 00:03:54,160 Speaker 1: a ge Vernova turbine off the coast of Nantucket, with 68 00:03:54,280 --> 00:03:58,600 Speaker 1: beaches closed after shards washed ashore. The Friday numbers on 69 00:03:58,640 --> 00:04:01,080 Speaker 1: Wall Street the DOW was up for sixty two, NaSTA 70 00:04:01,200 --> 00:04:03,080 Speaker 1: game two fifty eight, and the S and P was 71 00:04:03,160 --> 00:04:06,120 Speaker 1: up sixty four. And that's news when you want it 72 00:04:06,120 --> 00:04:10,400 Speaker 1: with Bloomberg News. Now I'm in Kolegi, and this is 73 00:04:10,680 --> 00:04:11,360 Speaker 1: Bloomberg