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

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Speaker 1: President Trump says he assigned the bill requiring the Department

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Speaker 1: of Justice to release the Epstein files. His signature begins

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Speaker 1: a thirty day countdown for the DOJ to produce these documents.

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Speaker 1: Here is House Speaker Mike Johnson.

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Speaker 2: I'm glad that we've been able to reflect it. All

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Speaker 2: of us were always from Baximum transparency. We wanted to

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Speaker 2: do it in a responsible manner, and I'm really hopeful

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Speaker 2: that the victims and survivors get to take the comfort that.

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Speaker 1: Is House Speaker Mike Johnson. Congressional lawmakers are considering a

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Speaker 1: bill to codify curbs on exports of semiconductors, known as

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Speaker 1: the Gain AI Act. However, the White House is urging

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Speaker 1: these members to oppose the bill. The bill would limit

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Speaker 1: the ability of Invidia to sell its AI chips to

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Speaker 1: China and other adversary nations. Speaking of Nvidia, after the bill,

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Speaker 1: the company issued a strong forecast for revenue in the

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Speaker 1: current period. This outlook signals demand remained strong for Nvidia's

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Speaker 1: AI accelerators. Company CEO Jensen Wong says sales of the

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Speaker 1: Blackwell chips are off the charts.

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Speaker 3: And Vidio, GPUs and the Cloud are sold out. We

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Speaker 3: got plenty of Blackwells to sell you. We have lots

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Speaker 3: of Blackwells coming, We're making a lot of Blackwells, and

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Speaker 3: we have a bunch of Vera Rubens coming, and so

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Speaker 3: business is very, very strong. But we've planned our supply

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Speaker 3: chain incredibly well.

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Speaker 1: In Vidia CEO Jensen Wong, speaking earlier to Bloomberg, now,

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Speaker 1: the company is facing challenges in the Chinese market. We

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Speaker 1: know the US has restricted shipments of advanced AI chips

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Speaker 1: to China, and at the same time, Beijing has directed

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Speaker 1: local AI firms away from using in Vidia chips, Wang said.

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Speaker 1: In Vidia's forecast for the China market is zero shares

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Speaker 1: in in video, we're up more than five percent in

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Speaker 1: late US trading. President Trump is set to meet with

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Speaker 1: New York City Mayor Alexoron Mamdani at the White House

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Speaker 1: on Friday. Now. Mamdani campaigned on a progressive platform. It

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Speaker 1: includes freezing the rent, unstabilized apartments, and providing universal childcare.

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Speaker 1: The President repeatedly assailed Mamdannie during the campaign, and Trump

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Speaker 1: has said that his administration would pull funding from New

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Speaker 1: York City if Mamdanni were to lead it. Trump's aides,

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Speaker 1: we are told, have been reviewing funds that benefit the

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Speaker 1: city for potential suspension or cancelation. We go next to

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Speaker 1: monetary policy and fading optimism over a FED rate cut

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Speaker 1: next month. Minutes from the last FED meeting show policymakers

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Speaker 1: are divided. Several were against lowering the Fed's benchmark rate

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Speaker 1: last month, and many said it would likely be appropriate

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Speaker 1: to keep rates steady for the remainder of twenty twenty five. Separately,

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Speaker 1: the Bureau of Labor Statistics will not publish an October

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Speaker 1: jobs report, and the November jobs data won't be published

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Speaker 1: until mid December, after the fed's final meeting of the year.

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Speaker 1: Here is Bloomberg Stuart Pohl, So.

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Speaker 4: Folks are basically looking out at the Bureau of Labor

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Speaker 4: Statistics and saying what would have been a bad jobs

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Speaker 4: report is not going to be available for the FED

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Speaker 4: to make its decisions. So there's going to be one

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Speaker 4: fewer data print encouraging a rate cut. Now we're seeing

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Speaker 4: as early as October many committee members were ready to

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Speaker 4: take that December cut off the table.

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Speaker 1: That was Bloomberg Stewart, Paul meantime, Kevin Hasseid, one of

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Speaker 1: the finalists to become FED share next year, said consumer

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Speaker 1: price pressures may not yet be fully tamed after they

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Speaker 1: surged in recent years.

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Speaker 5: We lost control of inflation in recent memory, and it's

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Speaker 5: more under control now, maybe not all the way there.

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Speaker 5: And it's very important to think about why the FED

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Speaker 5: was unable to control inflation for so long and it

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Speaker 5: got out of control, and what the FED can do

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Speaker 5: to signal that that's not going to happen again.

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Speaker 1: That is Kevin Hasset, the director of the National Economic Council.

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Speaker 1: He was speaking at the Bloomberg Insights and Innovation Summit

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Speaker 1: in Washington, d C. The prosecution of former FBI directs

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Speaker 1: James Comy has hit another hurdle. The Justice Department acknowledged

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Speaker 1: in court today that the full grand jury did not

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Speaker 1: review a copy of the final indictment. Comi's lawyers asked

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Speaker 1: the judge to throw out the case on grounds the

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Speaker 1: government was being vindictive. Comy has pleaded not guilty to

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Speaker 1: charges of making a false statement and obstructing Congress. Republican

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Speaker 1: lawmakers are resisting President Trump's plan to send two thousand

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Speaker 1: dollars checks to working class households next year. The White

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Speaker 1: House previously said the checks would be funded by tariff revenue. However,

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Speaker 1: GOP lawmakers prefer to use the revenue to reduce the deficit. Trump, though,

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Speaker 1: was undeterred by this opposition.

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Speaker 6: We're going to be doing a dividend to the people

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Speaker 6: low and middle income, moderate income people of at least

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Speaker 6: two thousand dollars. In addition to that, we'll be paying

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Speaker 6: down debt very substantially. It's kind of money.

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Speaker 1: We're taken in, President Trump. There. In sports, Major League

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Speaker 1: Baseball has reached a new three year media rights deal

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Speaker 1: with NBC Sports as well as ESPN and Netflix. Now

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Speaker 1: NBC will have Sunday night games and the Wildcard playoffs. Meantime,

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Speaker 1: Netflix will get the home run derby and the opening

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Speaker 1: day game at the same time, ESPN will air around

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Speaker 1: thirty regular season games. It will also get the rights

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Speaker 1: to market MLBtv as part of its ESPN streaming service.

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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 Prisner, and this is Bloomberg