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

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Speaker 1: mid Kaalgi Berkshire Hathaway's cash pile soared to three hundred

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Speaker 1: and eighty one point seven billion dollars in the third quarter,

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Speaker 1: a fresh record, and operating earning surge thirty four percent.

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Speaker 1: At chief executive officer Warren Buffett's conglomerate, that figure hit

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Speaker 1: thirteen and a half billion, as the firm's insurance underwriting

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Speaker 1: profit more than tripled in a period marked by unusually

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Speaker 1: low disaster activity. This according to filings published Saturday, Despite

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Speaker 1: its growing cashboard, the firm's net investment income declined thirteen

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Speaker 1: percent to three point two billion, amid lower short term

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Speaker 1: interest rates. The White House has announced that China will

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Speaker 1: effectively suspend implementation of additional export controls on rare earth

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Speaker 1: metals and terminate investigations targeting US companies in the semiconductor

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Speaker 1: supply chain. The White House issued a fact sheet on

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Speaker 1: Saturday outlining some details of the trade pact agreed to

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Speaker 1: earlier this week by President Trump and Chinese Leadader Xijianping

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Speaker 1: that aimed to ease tensions between the world's largest economies.

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Speaker 1: Pentagon chief Pete Hegseth called on Southeast Asia to strengthen

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Speaker 1: cooperation in maritime surveillance, including the use of unmanned technologies,

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Speaker 1: to counter what he said was worsening aggression by Beijing

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Speaker 1: in the South China Sea. Speaking during a meeting in

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Speaker 1: Malaysia with defense ministers from the Association of Southeast Asian

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Speaker 1: Nations on Saturday, Hegzath urged the block to build a

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Speaker 1: unified maritime domain awareness network and developed joint capabilities to

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Speaker 1: respond to threats. The Paris prosecutor said Saturday that two

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Speaker 1: new suspects were handed preliminary charges for their alleged involvement

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Speaker 1: to the Crown Jewels heist at the Louver Museum, three

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Speaker 1: days after they were arrested by police as part of

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Speaker 1: the sweeping investigation. The prosecutor said a thirty seven year

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Speaker 1: old suspect was charged with theft by an organized gang

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Speaker 1: and criminal conspiracy, adding that he was known to authorities

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Speaker 1: for previous thefts. The other suspect of the thirty eight

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Speaker 1: year old woman was accused of being an accomplice. They

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Speaker 1: were both incarcerated and both denied involvement. OPEC members are

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Speaker 1: leaning towards another small production increase for December ahead of

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Speaker 1: an online meeting on Sunday. This according to three delegates,

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Speaker 1: key members of the group, led by Saudi Arabia, are

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Speaker 1: discussing a hike of about one hundred and thirty seven

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Speaker 1: barrels a day, matching those made in October and November.

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Speaker 1: Bloomberg reported earlier in the week that the modest increase

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Speaker 1: was viewed by delegates as the base case scenario. Wall

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Speaker 1: Street closes the books on October and it's on to

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Speaker 1: the trading month of November. We get more in the

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Speaker 1: markets from Bloomberg's Charlie Pellett.

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Speaker 2: For the month of October, the S and P five

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Speaker 2: hundred and DEX gain two point three percent, notching its

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Speaker 2: six straight month of advances. Emily Rowland is co chief

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Speaker 2: Investment Staturgistic Manual Life Investment Management.

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Speaker 1: It seems like nothing can stop this market, and you

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Speaker 1: just don't want to get in the way of it.

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Speaker 1: It's also a market that's been driven by technicals momentum sentiment.

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Speaker 2: Since the April melt down, the S and P five

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Speaker 2: hundred has soared almost forty percent. This week, the SMP

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Speaker 2: and Dow were up point seven percent, while Nestak was

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Speaker 2: up two point two percent in New York. Charlie Pellett

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Speaker 2: Bloomberg Radio.

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Speaker 1: A nonprofit is crowdsourcing emergency funds to keep Snap recipient

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Speaker 1: from going hungry this month. Bloomberg's Monica Ricks reports.

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Speaker 3: Propels teaming up with GiveDirectly and building an emergency cash

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Speaker 3: fund to help feed high need families who Snap benefits

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Speaker 3: laps this month. Jimmy chen is Propel's founder and CEO.

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Speaker 3: He says they've donated a million dollars of their own money.

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Speaker 2: Every day that goes by and those Snap benefits don't

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Speaker 2: arrive is just wing to resolve in more hardship and

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Speaker 2: more food and securities for those families.

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Speaker 3: The Trump administrations plan to free Snap payments has been

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Speaker 3: halted by federal judges, but the delay means millions will

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Speaker 3: still be short on grocery bills for a while. Monica

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Speaker 3: Ricks Bloomberg Radio.

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Speaker 1: The government shutdown is delaying work to make it easier

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Speaker 1: to include private credit in four oh one K plans.

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Speaker 1: Bloomberg's Nathan Hager reports from Washington.

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Speaker 4: Securities and Exchange Commission Chair Paul Atkins was on CNBC

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Speaker 4: this week. He said his agency and the labor Department

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Speaker 4: haven't been able to make much progress on the issue

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Speaker 4: because of staffing furloughs. President Trump signed an executive order

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Speaker 4: in August directing the Labor Department to reevaluate guidance on

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Speaker 4: alternative assets in four to one case. The order also

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Speaker 4: gave the SEC permission to update its rules and guidance

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Speaker 4: around the retirement plans. In Washington, I'm Nathan Hager Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News Now.

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Speaker 1: I made Kleggy. This is Bloomberg