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Speaker 1: News when you want it. With Bloomberg News Now. I'm

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Speaker 1: Doug Prisner, and we begin in New York City, where

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Speaker 1: Monday evening, a gunman killed five people, including an off

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Speaker 1: duty New York City Police officer, working security, at a

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Speaker 1: midtown Manhattan office tower. It houses the global headquarters of

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Speaker 1: Blackstone and the National Football League, among others. The shooter

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Speaker 1: then shot himself. He's been identified as twenty seven year

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Speaker 1: old Shane to Mura from Nevada. New York City police

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Speaker 1: say he drove across the country before entering the city

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Speaker 1: Monday evening. Here is New York City Police Commissioner Jessica Tish.

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Speaker 2: Officers from a special Operations division are currently conducting a

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Speaker 2: secondary sweep of the entire building. I want to be

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Speaker 2: very clear, we believe this to be a loan shooter

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Speaker 2: and there is no longer an active threat to the public.

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Speaker 1: That is New York City Police Commissioner Jessica Tish. She

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Speaker 1: said the shooter fired rounds on the thirty third floor,

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Speaker 1: where one person was struck and killed, and then the

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Speaker 1: gunman proceeded to walk down the hallway. He shot himself

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Speaker 1: later in the chest. Tish said police contacts in Las

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Speaker 1: Vegas have made the NYPD aware of the mental health

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Speaker 1: history of the shooter. We turn our attention next to

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Speaker 1: trade and President Trump saying tonight in a post on

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Speaker 1: truth Social he may go to China, but it would

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Speaker 1: only be at the invitation of President Chi Jinping, which

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Speaker 1: has been extended. Otherwise, Trump said no interest. Earlier in

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Speaker 1: the day, trade negotiators from Washington and Beijing met for

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Speaker 1: over seven hours in Stockholm with an aim of extending

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Speaker 1: a tariff truce. US Treasury Secretary Scott Bessen said an

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Speaker 1: extension to the current pause is likely. However, several key

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Speaker 1: sticking points remained. They include fentanyl related levies and export

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Speaker 1: controls on semiconductors. Later in the day, Commerce Secretary Howard

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Speaker 1: Lutnik said a ninety day extension on the truce with

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Speaker 1: China was a likely outcome. Here is Lutnik speaking earlier

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Speaker 1: to Fox News.

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Speaker 3: The President's going to decide, Look, this is how I

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Speaker 3: want to play it. He may entertain a few more deals,

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Speaker 3: or he may decide, you know what, I'm just going

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Speaker 3: to set the policy going forward. But by the end

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Speaker 3: of this week they will all be set, they will

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Speaker 3: all be in stone, and they will be written, and

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Speaker 3: we will start collecting those additional moneies. Right now, we're

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Speaker 3: collecting ten percent from everybody in the world, and of

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Speaker 3: course a higher rate from China. But come next week,

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Speaker 3: if we go that.

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Speaker 1: Is Commerce Secretary Howard Lutnik. Speaking earlier on Fox News,

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Speaker 1: President Trump said Monday he's shortening the timeline for Russian

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Speaker 1: President Vladimir Putin to agree to a cease fire in Ukraine.

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Speaker 1: Trump is now giving Putin ten to twelve days to

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Speaker 1: reach a truce or face fresh sanctions. Speaking in Scotland,

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Speaker 1: Trump expressed frustration with Moscow's inaction, and the president warned

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Speaker 1: of severe economic penalties.

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Speaker 4: Look, I was tough on Putin because I was the

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Speaker 4: one that closed up Nordstream, and Biden came along and

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Speaker 4: opened it up. I was very tough on Putin in

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Speaker 4: one way, but we got along very well.

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Speaker 2: And I never know.

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Speaker 4: I never really thought this would happen. I thought we'd

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Speaker 4: be able to negotiate something, and maybe that'll so happen.

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Speaker 4: But it's very laid down the process. Some disappointed.

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Speaker 5: Now.

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Speaker 1: Trump had initially set a fifty day deadline, but he

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Speaker 1: reversed course, saying Russia isn't acting in good faith. Now,

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Speaker 1: secondary sanctions could target major buyers of Russian oil that

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Speaker 1: would include India and China, and it would certainly complicate

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Speaker 1: ongoing trade talks.

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Speaker 4: Now.

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Speaker 1: The Trump administration had previously floated tariffs of as high

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Speaker 1: as one hundred percent on Russian exports and on those

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Speaker 1: who helped to finance the war in Ukraine. President Trump

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Speaker 1: said the US intends to work on a new effort

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Speaker 1: to provide food aid in Gaza to alleviate starvation, along

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Speaker 1: with other countries and organizations that would include the European

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Speaker 1: Union and the United Kingdom. UK Prime Minister Keir Starmer

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Speaker 1: spoke alongside President Trump in Scotland.

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Speaker 5: Monastary and eight needs to get in at speed at volume. Yes,

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Speaker 5: some could be a dropped and we're working with others

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Speaker 5: with the US with Jordan, but the trucks need to

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Speaker 5: get in.

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Speaker 1: Starmer went on to say that humanitarian supplies need to

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Speaker 1: reach Gaza at quote speed and volume. The US dollar

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Speaker 1: jumped by the most since early May today, putting it

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Speaker 1: on track for its first monthly gain this year. Now,

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Speaker 1: the trade agreement between the US and the European Union

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Speaker 1: is stoking concerns over the negative impact of tariff's on

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Speaker 1: global growth. Nancy Lazar is Chief Global Economist at Piper Sandler.

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Speaker 6: I think we have to look at the economy as

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Speaker 6: three dimensional chess, not just as a flat as a

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Speaker 6: flat board. No question, tariffs are attacks. I'm definitely more

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Speaker 6: for free trade, but I'm also for fair trade. Maybe

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Speaker 6: we can shake one little positive out of this and

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Speaker 6: get some fair trade, i e. Incremently sell more to

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Speaker 6: Japan and Europe in particular.

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Speaker 1: She is Nancy Lazar from Piper Sandler, speaking earlier to

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Speaker 1: Bloomberg Business Week Daily. And that is news when you

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

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Speaker 1: this is Bloomberg