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

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Speaker 1: Doug Krisner. President elect Trump says the US will impose

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Speaker 1: an additional ten percent tariff on Chinese goods. This is

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Speaker 1: on top of all existing levies, in a move Trump

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Speaker 1: says is due to the influx of illegal drugs. And then,

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Speaker 1: in a separate post on truth Social the President elect

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Speaker 1: said he will also impose a twenty five percent tariff

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Speaker 1: on all goods from Canada and Mexico. We got reaction

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Speaker 1: from Kelvin Tay of UBS Wealth Management.

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Speaker 2: I think there's a bit of an overreaction on the

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Speaker 2: market where this is concerned, and I think after the

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Speaker 2: noise setos, there'll be a closer look at what these

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Speaker 2: potential tariffs can actually do to inflation in the US.

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Speaker 1: That is Kelvin Tay from UBS Wealth Management.

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Speaker 3: Now.

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Speaker 1: Before the announcement on the new tariffs, we discussed the

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Speaker 1: President elect's approach to trade policy with ahead of the

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Speaker 1: Minneapolis Fed Neil Kashkari. Here he discussed the risk of

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Speaker 1: Chinese tariffs with Bloomberg.

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Speaker 4: China shared exporting directly to the US has actually fallen

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Speaker 4: in quite a bit, and countries like Mexico and other

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Speaker 4: Southeastern Asian countries have picked up the slack, and so

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Speaker 4: I'm actually optimistic that other Asian economies could continue to

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Speaker 4: perform well because they're connected to the US, they're connected

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Speaker 4: to Europe, to South America. But of course China is

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Speaker 4: just so large that what happens in China matters to everybody.

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Speaker 1: That is the head of the Minneapolis Fed, Neil Kashkari.

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Speaker 1: Federal prosecutors moved to drop two criminal cases against Donald

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Speaker 1: Trump today because he won the race for the White House.

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Speaker 1: Late Monday afternoon, a judge granted the dismissal in one

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Speaker 1: of the cases. The other is pending. Here's Bloomberg's Amy

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Speaker 1: Morris with the latest from Washington.

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Speaker 3: In the court filing, special counsel Jack Smith says the

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Speaker 3: Justice Department policy requires him to abandon the case. Smith

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Speaker 3: was working to hold Trump criminally accountable for efforts to

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Speaker 3: subvert the twenty twenty election and mishandling of classified documents.

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Speaker 3: Smith's team also emphasized that the move to abandon their

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Speaker 3: prosecutions was not a reflection of the merits of the cases,

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Speaker 3: but a recognition of the legal shield that surrounds any

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Speaker 3: commander in chief. The team says it will continue to

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Speaker 3: pursue cases against co defendants in the classified documents case.

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Speaker 3: What is not clear is the fate of the state

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Speaker 3: criminal cases still pending against Trump in Washington. Amy Morris

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Speaker 3: Bloomberg Radio.

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Speaker 1: We go to Los Angeles next, where Eric and Lyle

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Speaker 1: Menendez made their first court appearance in decades virtually. At

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Speaker 1: today's hearing, the brothers defense lawyers sought to reduce their

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Speaker 1: first degree murder conviction to voluntary manslaughter that would make

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Speaker 1: them eligible for release. However, the judge rescheduled the hearing,

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Speaker 1: saying he wanted to hear from the new district attorney,

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Speaker 1: due to take office on December third. Here's Mark Gerrago's

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Speaker 1: attorney for the Menendez brothers.

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Speaker 5: The judge has now set January thirtieth and thirty first

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Speaker 5: as the days for a plenary or fulsome hearing on

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Speaker 5: the resentencing.

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Speaker 1: That is Mark Erragos, attorney for the Menendez brother Currently,

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Speaker 1: they are serving life sentences without parole for murdering their parents,

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Speaker 1: Jose and Kitty at their Beverly Hills home in nineteen

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Speaker 1: eighty nine. Last month, La County District Attorney George Gascon

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Speaker 1: sought to reduce their sentences to fifty years to life,

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Speaker 1: which would make them eligible for parole. Starbucks says a

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Speaker 1: ransomware attack at a third party software supplier has disrupted

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Speaker 1: its system for tracking employee payments, and this has forced

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Speaker 1: the company to manually track workers scheduling and hours. We

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Speaker 1: have more from Bloomberg's Charlie Pellett.

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Speaker 6: Blue Yonder Group, a Panasonic subsidiary that provides supply chain

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Speaker 6: management software systems, were disrupted by a November twenty first

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Speaker 6: ransomware incident. Starbucks is among its customers and used blue

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Speaker 6: Yonder software to schedule shifts and track retail workers hours

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Speaker 6: in North America. The spokesperson also says Starbucks stores aren't

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Speaker 6: resorting to manual methods such as pen and paper for

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Speaker 6: employees scheduling, adding that the incident has not impacted customer

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Speaker 6: service or store hours in New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: We go to earnings news next on Tuesday. We'll get

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Speaker 1: third quarter results from CrowdStrike. The cybersecurity firm made headlines

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Speaker 1: back in July for its role in causing a global

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Speaker 1: IT outage. We have a preview now from Bloomberg's Tom Busby.

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Speaker 7: CrowdStrike expected to post revenue that fell by thirty five

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Speaker 7: percent at its first report, following that massive meltdown in

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Speaker 7: July caused by a software update that went wrong crash

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Speaker 7: at computers running Microsoft Windows, seriously impacting airlines, hotels, retailers, hospitals,

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Speaker 7: and more. The company has already warned of a sixty

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Speaker 7: million dollar headwind related to that incident. Bloomberg consensus calls

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Speaker 7: for revenue of nine hundred eighty three point one million

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Speaker 7: dollars adjusted earnings per share of eighty one cents. Tom

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Speaker 7: buzby Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now.

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Speaker 1: I'm Doug Krisner, and this is Bloomberg