1
00:00:01,200 --> 00:00:03,320
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:03,360 --> 00:00:07,520
Speaker 1: Doug Prisner. Tesla's shareholders have approved a one trillion dollar

3
00:00:07,640 --> 00:00:12,600
Speaker 1: compensation package for CEO Elon Musk. More from Bloomberg's Charlie Pellett.

4
00:00:12,960 --> 00:00:17,200
Speaker 2: It is the largest payout ever awarded to a corporate leader.

5
00:00:17,640 --> 00:00:21,080
Speaker 2: The unprecedented move at the electric vehicle maker's annual meeting

6
00:00:21,160 --> 00:00:24,479
Speaker 2: culminates a weeks long campaign by the board, the CEO,

7
00:00:24,600 --> 00:00:29,080
Speaker 2: and prominent retail investors to build support. The pay agreement

8
00:00:29,320 --> 00:00:32,760
Speaker 2: clears a path for Musk, the world's richest person, to

9
00:00:32,840 --> 00:00:36,919
Speaker 2: become the first ever trillionaire and expand his stake in

10
00:00:36,960 --> 00:00:41,080
Speaker 2: Tesla to twenty five percent or more over the next decade.

11
00:00:41,640 --> 00:00:44,320
Speaker 2: In New York, Charlie Pellett Bloomberg.

12
00:00:43,960 --> 00:00:48,440
Speaker 1: Radio, President Trump says Kazakhstan has joined the Abraham Accords.

13
00:00:48,560 --> 00:00:51,400
Speaker 1: The US has been trying to inject new momentum into

14
00:00:51,440 --> 00:00:55,880
Speaker 1: this initiative following the ceasefire between Israel and Hamas. Here's

15
00:00:55,920 --> 00:00:57,360
Speaker 1: President Trump at the White House.

16
00:00:58,040 --> 00:01:01,760
Speaker 3: Essentially, we've really expanded theords, and one of the reasons

17
00:01:01,840 --> 00:01:05,200
Speaker 3: is we are right now in negotiations or talks with

18
00:01:05,600 --> 00:01:09,000
Speaker 3: many countries that really wanted to come in, but they

19
00:01:09,040 --> 00:01:11,959
Speaker 3: couldn't because of the status of Iran. When Iran had

20
00:01:12,000 --> 00:01:15,360
Speaker 3: a possibility of nuclear weapons, which say do not have now.

21
00:01:15,800 --> 00:01:19,759
Speaker 3: When Iran was the bully of the Middle East, let's

22
00:01:19,800 --> 00:01:21,720
Speaker 3: call it the bully of the Middle East, which it

23
00:01:21,800 --> 00:01:25,840
Speaker 3: isn't anymore, they had a hard time going against that.

24
00:01:25,920 --> 00:01:26,960
Speaker 3: I understand that.

25
00:01:26,959 --> 00:01:30,360
Speaker 1: That's President Trump speaking there now. The move by Kazakhstan

26
00:01:30,440 --> 00:01:33,840
Speaker 1: to join the Abraham Accords is mostly symbolic, since the

27
00:01:33,880 --> 00:01:37,600
Speaker 1: country has had diplomatic relations with Israel for many years.

28
00:01:38,160 --> 00:01:40,800
Speaker 1: It's the thirty seventh day of the government shutdown and

29
00:01:40,920 --> 00:01:45,080
Speaker 1: House Minority Leader Hakim Jeffries is saying Republicans need to

30
00:01:45,120 --> 00:01:48,040
Speaker 1: work with Democrats to come to an agreement in order

31
00:01:48,080 --> 00:01:49,240
Speaker 1: to reopen the government.

32
00:01:49,920 --> 00:01:52,600
Speaker 4: It's a clown soil over in the Senate fourteen fifteen

33
00:01:52,640 --> 00:01:58,320
Speaker 4: times you bring the same partisan Republican spending bill to

34
00:01:58,400 --> 00:02:02,560
Speaker 4: the Senate flaw expecting a different result. That's the classic

35
00:02:02,600 --> 00:02:04,320
Speaker 4: definition a legislative insanity.

36
00:02:04,400 --> 00:02:08,800
Speaker 1: House Minority Leader Haakim Jeffries. Meantime, the Department of Transportation

37
00:02:09,080 --> 00:02:11,400
Speaker 1: is reducing the number of flights at some of the

38
00:02:11,480 --> 00:02:15,200
Speaker 1: nation's busiest airports. The aim is to ease pressure on

39
00:02:15,320 --> 00:02:18,960
Speaker 1: air traffic controllers working without pay during the shutdown. The

40
00:02:19,040 --> 00:02:22,400
Speaker 1: FAA is planning to order airlines to reduce ten percent

41
00:02:22,480 --> 00:02:27,400
Speaker 1: of their flight capacity across forty major airports. On Friday. Today,

42
00:02:27,600 --> 00:02:32,359
Speaker 1: airlines began to cancel flights nationwide. Here is Sam Graves, Missouri,

43
00:02:32,440 --> 00:02:33,639
Speaker 1: Republican Congressman.

44
00:02:34,080 --> 00:02:36,679
Speaker 5: Well, as far as safety goes, you know, are the

45
00:02:36,720 --> 00:02:40,639
Speaker 5: sky safe, Absolutely, they are safe. And air traffic controllers

46
00:02:40,760 --> 00:02:43,799
Speaker 5: are still doing a great job. They're showing up and

47
00:02:43,800 --> 00:02:47,080
Speaker 5: they're doing a very very good job. Are there going

48
00:02:47,160 --> 00:02:49,760
Speaker 5: to be delays? Absolutely, there's going to be delays. And

49
00:02:49,800 --> 00:02:53,720
Speaker 5: obviously by cutting back on the number of flights to

50
00:02:54,520 --> 00:02:57,519
Speaker 5: these airports, it's going to impact folks. It's going to

51
00:02:57,560 --> 00:03:00,000
Speaker 5: have an impact on the holiday travels.

52
00:03:00,120 --> 00:03:04,600
Speaker 1: Jason sam Graves there, he is Republican Congressman from Missouri. Now,

53
00:03:04,600 --> 00:03:08,880
Speaker 1: the shutdown has also affected the Supplemental Nutrition Assistance Program,

54
00:03:08,960 --> 00:03:12,400
Speaker 1: and today a federal judge ordered the Trump administration to

55
00:03:12,520 --> 00:03:15,919
Speaker 1: fully cover the cost of SNAP for the month of November.

56
00:03:16,040 --> 00:03:19,280
Speaker 1: This will begin on Friday. This ruling came in response

57
00:03:19,320 --> 00:03:22,920
Speaker 1: to a challenge from cities and nonprofits. They complained that

58
00:03:23,000 --> 00:03:26,720
Speaker 1: the Trump administration was only covering sixty five percent of

59
00:03:26,760 --> 00:03:30,160
Speaker 1: the maximum benefit here is Vice President Jdvents.

60
00:03:30,919 --> 00:03:33,840
Speaker 6: It's an absurd ruling because you have a federal judge

61
00:03:33,880 --> 00:03:36,800
Speaker 6: effectively telling us what we have to do in the

62
00:03:36,840 --> 00:03:39,880
Speaker 6: midst of a Democrat government shutdown, which what we'd like

63
00:03:39,960 --> 00:03:41,920
Speaker 6: to do is for the Democrats to open up the government.

64
00:03:41,920 --> 00:03:43,680
Speaker 6: Of course, then we can fund snap and we can

65
00:03:43,720 --> 00:03:45,120
Speaker 6: also do a lot of other good things for the

66
00:03:45,120 --> 00:03:47,640
Speaker 6: American people. But in the midst of a shutdown, we

67
00:03:47,680 --> 00:03:50,280
Speaker 6: can't have a federal court telling the president how he

68
00:03:50,320 --> 00:03:51,640
Speaker 6: has to triage the situation.

69
00:03:51,840 --> 00:03:55,800
Speaker 1: That is Vice President Jdvents. We moved to company news. Next,

70
00:03:55,960 --> 00:03:59,440
Speaker 1: Take two Interactive Software is delaying the release of Grand

71
00:03:59,480 --> 00:04:04,080
Speaker 1: Theft Audio until November twenty twenty six. Now Take two

72
00:04:04,200 --> 00:04:07,760
Speaker 1: said it's giving the Rockstar Games team some additional time

73
00:04:08,160 --> 00:04:10,480
Speaker 1: to finish the game with a high level of polish

74
00:04:10,840 --> 00:04:14,880
Speaker 1: players expect and deserve. Incidentally, this is the second public

75
00:04:14,920 --> 00:04:19,000
Speaker 1: delay of Grand Theft Auto six. And that is news

76
00:04:19,000 --> 00:04:21,680
Speaker 1: when you want it with Bloomberg News. Now, I'm Doug Prisoner,

77
00:04:21,680 --> 00:04:22,640
Speaker 1: and this is Bloomberg