1 00:00:00,920 --> 00:00:04,360 Speaker 1: News when you want it with Bloomberg News Now, I 2 00:00:04,480 --> 00:00:08,760 Speaker 1: made Kalki. Two federal judges have ruled the Trump administration's 3 00:00:08,760 --> 00:00:12,440 Speaker 1: decision to suspend food aid benefits for tens of millions 4 00:00:12,440 --> 00:00:16,400 Speaker 1: of Americans during the government shutdown is likely unlawful and 5 00:00:16,440 --> 00:00:19,960 Speaker 1: that US officials must use contingency funding to at least 6 00:00:20,000 --> 00:00:24,560 Speaker 1: partially keep the program operational. US District Judge John McConnell 7 00:00:24,600 --> 00:00:27,240 Speaker 1: in Rhode Island Friday announced in court that he would 8 00:00:27,360 --> 00:00:30,520 Speaker 1: order the Department of Agriculture to distribute a pool of 9 00:00:30,640 --> 00:00:34,640 Speaker 1: contingency money as soon as possible for November benefits. He 10 00:00:34,720 --> 00:00:38,400 Speaker 1: also urged the administration to explore tapping other sources of 11 00:00:38,440 --> 00:00:42,479 Speaker 1: federal dollars to ensure the program is fully funded. Minutes earlier, 12 00:00:42,520 --> 00:00:47,000 Speaker 1: in Boston, U S District Judge Indira Talawani issued a 13 00:00:47,040 --> 00:00:50,600 Speaker 1: written ruling that rejected the administration's stance that it is 14 00:00:50,720 --> 00:00:54,280 Speaker 1: legally barred from tapping into billions of dollars in alternative 15 00:00:54,320 --> 00:00:57,360 Speaker 1: funding sources to keep the program running during the budget 16 00:00:57,360 --> 00:01:01,840 Speaker 1: impass In Congress, House Minority Leader Jakim Jeffries on CNN, 17 00:01:02,000 --> 00:01:02,959 Speaker 1: We're thankful. 18 00:01:02,600 --> 00:01:06,480 Speaker 2: For these rulings. The law is very clear funds do 19 00:01:06,600 --> 00:01:10,960 Speaker 2: exist within the administration for exactly this reason, a contingency 20 00:01:11,240 --> 00:01:14,880 Speaker 2: fund to make sure that no one in America, the 21 00:01:14,959 --> 00:01:18,960 Speaker 2: wealthiest country in the history of the world, ever goes hungry. 22 00:01:19,120 --> 00:01:21,880 Speaker 1: Jeffries tells CNN that they have always been ready to 23 00:01:21,920 --> 00:01:26,880 Speaker 1: negotiate with Republicans. Nvidia chief executive officer Jensen Wong has 24 00:01:26,920 --> 00:01:29,480 Speaker 1: sold more than one billion dollars worth of the chip 25 00:01:29,520 --> 00:01:34,120 Speaker 1: maker's share since June, completing a massive pre planned stock sale. 26 00:01:34,240 --> 00:01:37,440 Speaker 1: The final sale of twenty five thousand shares reported Friday, 27 00:01:37,480 --> 00:01:40,959 Speaker 1: wrapped up an arrangement adopted by Wang in March to 28 00:01:41,040 --> 00:01:43,959 Speaker 1: unload as many as six million shares by year end. 29 00:01:44,360 --> 00:01:46,600 Speaker 1: The stock was worth about eight hundred and sixty five 30 00:01:46,680 --> 00:01:49,720 Speaker 1: million when he started selling in late June, but has 31 00:01:49,760 --> 00:01:53,440 Speaker 1: climbed over forty percent since then. Amid unquenchable demand for 32 00:01:53,640 --> 00:01:58,280 Speaker 1: artificial intelligence processors. US air traveler is beginning to show 33 00:01:58,360 --> 00:02:00,760 Speaker 1: signs of strain as the government shut down drags on, 34 00:02:00,840 --> 00:02:05,080 Speaker 1: with traffic controllers shortages snarling thousands of flights into the weekend. 35 00:02:05,440 --> 00:02:09,400 Speaker 1: Flights into New York's JFK Airport were temporarily halted Friday 36 00:02:09,400 --> 00:02:13,200 Speaker 1: afternoon due to staff and constraints. The FAA also paused 37 00:02:13,200 --> 00:02:17,560 Speaker 1: flights from Washington area airports into LaGuardia Airport beginning just 38 00:02:17,639 --> 00:02:20,920 Speaker 1: after four thirty pm local time. Traffic was slowed at 39 00:02:21,000 --> 00:02:25,400 Speaker 1: other airports throughout the day, including Newark, Liberty, Ronald Reagan 40 00:02:25,520 --> 00:02:31,160 Speaker 1: in Washington, Boston, Logan International Airport, and in Austin, Houston, Nashville, 41 00:02:31,160 --> 00:02:34,720 Speaker 1: and the Dallas Fort Worth area. President Trump denied that 42 00:02:34,760 --> 00:02:39,480 Speaker 1: he is considering strikes on Venezuela, contradicting an earlier media report. 43 00:02:39,600 --> 00:02:43,000 Speaker 3: Media reports earlier indicated President Trump had signed off on 44 00:02:43,080 --> 00:02:46,880 Speaker 3: strikes inside Venezuela, including military targets, as part of the 45 00:02:46,919 --> 00:02:51,000 Speaker 3: Trump administration's counter narcotic campaign, but when asked about it 46 00:02:51,040 --> 00:02:54,120 Speaker 3: by reporters on Air Force One, the President said no. 47 00:02:54,120 --> 00:02:57,800 Speaker 3: There reports that you are considering strikes within Venezuela. Is 48 00:02:57,840 --> 00:02:59,760 Speaker 3: that screw no Iman decision on. 49 00:02:59,760 --> 00:03:00,399 Speaker 1: That, no, etc. 50 00:03:00,840 --> 00:03:04,679 Speaker 3: Meanwhile, venezuel As president is reportedly reaching out to Moscow 51 00:03:04,760 --> 00:03:08,440 Speaker 3: and Beijing for help. The Washington Post reports President Nicholas 52 00:03:08,480 --> 00:03:12,480 Speaker 3: Maduro is looking for quote expanded military cooperation in the 53 00:03:12,480 --> 00:03:16,880 Speaker 3: form of missiles, radar and aircraft from China, Russia and Iran. 54 00:03:17,360 --> 00:03:19,760 Speaker 3: In Washington, Amy Morris Bloomberg Radio. 55 00:03:19,600 --> 00:03:23,720 Speaker 1: Democratic lawmakers on the House's top Oversight Committee called upon 56 00:03:23,760 --> 00:03:26,960 Speaker 1: the panel's Republican chair to authorize a series of subpoenas 57 00:03:27,080 --> 00:03:30,400 Speaker 1: to nearly two dozen major banks about any accounts they 58 00:03:30,440 --> 00:03:34,000 Speaker 1: held for disgraced financier Jeffrey Epstein. Their request came on 59 00:03:34,080 --> 00:03:37,080 Speaker 1: Freddy in response to a report by Bloomberg News that 60 00:03:37,240 --> 00:03:40,560 Speaker 1: cited the convicted sex offender's private emails to show that 61 00:03:40,640 --> 00:03:43,400 Speaker 1: he was investigated for money laundering, a probe that was 62 00:03:43,480 --> 00:03:47,200 Speaker 1: dropped roughly seventeen years ago. In a letter sent to 63 00:03:47,280 --> 00:03:51,120 Speaker 1: James Comer, the chairman of the House Oversigning Government Reform Committee, 64 00:03:51,320 --> 00:03:55,000 Speaker 1: Representative Robert Garcia, the panel's ranking member, and his twenty 65 00:03:55,000 --> 00:03:59,160 Speaker 1: Democratic colleagues, said the new details about the financial crimes 66 00:03:59,200 --> 00:04:03,040 Speaker 1: probe warranted further scrutiny of the banks and any dealings 67 00:04:03,080 --> 00:04:06,960 Speaker 1: they had with Epstein. Wall Street closes the books in October, 68 00:04:07,000 --> 00:04:09,760 Speaker 1: and it's on to the trading month of November. More 69 00:04:09,760 --> 00:04:11,880 Speaker 1: on the markets from Bloomberg's Charlie Pellett. 70 00:04:11,920 --> 00:04:14,040 Speaker 4: For the month of October, the S and P five 71 00:04:14,120 --> 00:04:17,719 Speaker 4: hundred and dex gain two point three percent, notching its 72 00:04:17,760 --> 00:04:22,200 Speaker 4: six straight month of advances. Emily Rowland is co Chief 73 00:04:22,200 --> 00:04:25,360 Speaker 4: Investment Satategistic Manual Life Investment Management. 74 00:04:25,480 --> 00:04:28,240 Speaker 3: It seems like nothing can stop this market, and you 75 00:04:28,360 --> 00:04:30,080 Speaker 3: just don't want to get in the way of it. 76 00:04:30,080 --> 00:04:34,600 Speaker 3: It's also a market that's been driven by technicals momentum sentiment. 77 00:04:34,800 --> 00:04:37,360 Speaker 4: Since the April meltdown, the S and P five hundred 78 00:04:37,360 --> 00:04:41,120 Speaker 4: has soared almost forty percent. This week, the SMP and 79 00:04:41,200 --> 00:04:44,520 Speaker 4: Dow were a point seven percent, while Nestak was up 80 00:04:44,640 --> 00:04:49,280 Speaker 4: two point two percent. In New York, Charlie Pellett Bloomberg Radio. 81 00:04:49,120 --> 00:04:52,240 Speaker 1: Game six of the World Series in Toronto. The Dodgers 82 00:04:52,240 --> 00:04:54,960 Speaker 1: defeated the Blue Jays three to one to force a 83 00:04:55,040 --> 00:04:58,200 Speaker 1: deciding game seven Saturday night. The Friday number is on 84 00:04:58,240 --> 00:05:00,640 Speaker 1: Wall Street. The Dow gain forty, NaSTA was up one 85 00:05:00,760 --> 00:05:03,880 Speaker 1: forty three, the SNP added seventeen. The ten year treasurer 86 00:05:03,960 --> 00:05:06,600 Speaker 1: yield is at four point zero eight percent, the two 87 00:05:06,680 --> 00:05:09,960 Speaker 1: year at three point five eight percent. That's news when 88 00:05:10,000 --> 00:05:13,560 Speaker 1: you want it with Bloomberg News. Now I made Kleggy. 89 00:05:13,600 --> 00:05:15,240 Speaker 3: This is Bloomberger