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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Prisner.

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Speaker 1: We begin with breaking news tonight regarding the Federal Reserve.

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Speaker 1: President Trump has removed Governor Lisa Cook, effective immediately. You

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Speaker 1: may recall last Friday, Trump said he would fire Cook

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Speaker 1: if she did not resign over accusations about alleged mortgage fraud.

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Speaker 1: Here is bloomberg'send the current on faith value.

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Speaker 2: The President appears to have removed a governor at a

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Speaker 2: very critical juncture for FED policy, at a time when's

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Speaker 2: key appointments are coming up for vacancy, at a time

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Speaker 2: when the President is very critical upside for not bringing

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Speaker 2: then interust rates. So certainly would suggest that if the

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Speaker 2: spaccy does come through, it's another It's an opportunity for

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Speaker 2: the President to put someone in there who shares his

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Speaker 2: view on.

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Speaker 1: The economy and the current there. He is a global

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Speaker 1: economy reporter from Bloomberg News, joining from Washington. Well. Tonight,

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Speaker 1: it was failure to launch for SpaceX. The tenth test

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Speaker 1: flight of the starship rocket was postponed for the second

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Speaker 1: consecutive this time due to weather conditions.

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Speaker 3: Sad news not going to launch today. Weather got in

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Speaker 3: our way but you can only control so much. Can't

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Speaker 3: always control the weather. Can't control the weather. I wish

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Speaker 3: we could control the weather. We're not there yet.

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Speaker 1: That is SpaceX mission control there now. According to SpaceX,

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Speaker 1: Sunday's cancelation was due to a ground system's liquid oxygen leak.

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Speaker 1: We go to the White House next, where earlier today,

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Speaker 1: President Trump met with South Korea's President Lee J Mung

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Speaker 1: for their first in person meeting. Now. Prior to the meeting,

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Speaker 1: Trump blasted South Korea for political instability. Well, those remarks

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Speaker 1: had the potential to create a rocky visit. Instead, the

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Speaker 1: two leaders voiced optimism on cooperation over North Korea, along

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Speaker 1: with security and shipbuilding. Bloomberg's skylar Woodhouse is at the

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Speaker 1: White House.

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Speaker 4: What we've heard so far is South Korea today mentioned

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Speaker 4: one hundred and fifty million dollar investment around shipbuilding. President

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Speaker 4: Trump said that the US would be buying ships from

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Speaker 4: South Korea and then South Korea vice versa, with any

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Speaker 4: building ships here in the US.

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Speaker 1: Ploomberg skylar Woodhouse at the White House. And indeed presidentally

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Speaker 1: did offer to arrange a summit between President Trump and

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Speaker 1: North Korean leader Kim Jong un At the APEC meeting

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Speaker 1: this fall. Canadian Trade Minister Dominic LeBlanc is in Washington

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Speaker 1: this week to meet with US Commerce Secretary Howard Lutnik. Now.

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Speaker 1: This comes just days after Ottawa dropped most of its

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Speaker 1: retaliatory tariffs on American goods. LeBlanc said Canada is expecting

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Speaker 1: improvements in its trade position in return. Although Canadian tariffs

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Speaker 1: do remain in place on US made steel, aluminum, and autos,

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Speaker 1: it was last Friday when Prime Minister Mark Karney announced

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Speaker 1: the tariff rollback, with the aim of easing tensions ahead

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Speaker 1: of next year's review of the US MCA Trade Pact.

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Speaker 1: President Trump has signed a pair of executive orders aimed

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Speaker 1: at ending cashless bail. The President called it a dry

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Speaker 1: for a violent crime now. One order applies immediately to Washington,

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Speaker 1: d C. The other threatens to strip funding from cities

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Speaker 1: that continue the practice. Trump spoke to reporters earlier in

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Speaker 1: the Oval Office.

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Speaker 5: Somebody kills somebody, they go in, don't worry about it,

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Speaker 5: no cash, come back in a couple of months. We'll

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Speaker 5: give you a trial. You never see the person again.

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Speaker 5: And I mean they kill people and they get out

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Speaker 5: cashless bail.

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Speaker 4: Now.

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Speaker 1: Supporters of cashless bail, say it disproportionately hurts lower income Americans. However,

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Speaker 1: critics say it poses a risk to public safety, and

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Speaker 1: they point to high rates of recidivism by repeat offenders. Meantime,

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Speaker 1: the President defended the prospect of deploying the National Guard

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Speaker 1: to high crime cities like Chicago and New York.

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Speaker 5: We may or may not. We may just go in

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Speaker 5: and do it, which is probably what we should do.

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Speaker 5: The problem is it's not nice when you go in

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Speaker 5: and do it and somebody else is standing there saying,

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Speaker 5: as we give great results, say well, we don't want

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Speaker 5: the military. They need help badly. Chicago desperately needs help.

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Speaker 1: President Trump has cracked down on what he has called

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Speaker 1: out of control crime, with Washington being at the epicenter

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Speaker 1: of his efforts. The President has seized control of the

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Speaker 1: DC police force and deployed about two thousand National Guard troops.

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Speaker 1: The House Oversight Committee is expanding its investigation into Jeffrey

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Speaker 1: Epstein's sex trafficking operation. Chairman James Comer says former US

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Speaker 1: Attorney Alex Acosta will be testifying voluntarily on September nineteenth. Now.

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Speaker 1: Acosta approved Epstein's two thousand and eight plea deal, and

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Speaker 1: then went on to serve as Labor Secretary during President

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Speaker 1: Trump's first term. Acosta's plea agreement allowed Epstein to avoid

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Speaker 1: major charges. The Justice Department later called that decision poor judgment.

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

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