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

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Speaker 1: Doug Prisner. One member of the West Virginia National Guard

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Speaker 1: who was shot on Wednesday in an attack near the

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Speaker 1: White House, has died. President Trump announced the passing of

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Speaker 1: US Army specialist Sarah Bestrom, aged twenty. The other guardsman,

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Speaker 1: twenty four year old US Air Force staff Sergeant Andrew Wolfe,

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Speaker 1: remains in critical condition. Here is Trump.

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Speaker 2: She's no longer with us.

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Speaker 3: She's looking down at us right now. Her parents are

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Speaker 3: with her.

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Speaker 4: This just happened.

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Speaker 3: She was savagely attacked. She's dead now with us variable

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Speaker 3: person outstanding in every single way, in every department.

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Speaker 5: That's horrible.

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Speaker 1: That is President Trump. Now. A federal investigation is underway

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Speaker 1: into the shooting. Authorities have launched a nationwide terrorism investigation.

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Speaker 1: Earlier today, Jeanine Piro, the US attorney for Washington, d C,

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Speaker 1: had this to say about the charges that the suspect faces.

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Speaker 6: The charges that are appropriate right now are three counts

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Speaker 6: of assault with intent to kill while armed. He will

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Speaker 6: also be charged with possession of a firearm during a

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Speaker 6: crime of violence. He faces fifteen years under the assault

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Speaker 6: with the intent to kill.

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Speaker 1: That was janeene Piro, US attorney for Washington d C.

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Speaker 1: Now the suspect has been identified as a twenty nine

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Speaker 1: year old Afghan national. He arrived in the US in

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Speaker 1: twenty twenty one after his prior work with the US

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Speaker 1: government in Afghanistan. We turn next to the deadly fire

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Speaker 1: of a high rise apartment complex in Hong Kong. Authorities

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Speaker 1: warned contractors making renovations about fire hazards one week before

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Speaker 1: the housing estate was consumed by the city's deadliest fire

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Speaker 1: in decades, and now there are questions about the effectiveness

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Speaker 1: of safety enforcement. Firefighters are working for a second day

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Speaker 1: to extinguish the blaze. The death toll is now ninety four.

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Speaker 1: Seventy six people have been injured, and it's unclear how

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Speaker 1: many are still unaccounted for. One area of renewed scrutiny

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Speaker 1: is the city's use of bamboo scaffolding on major renovation projects.

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Speaker 1: Here is Regina IP, Hong Kong Legislative Council Member.

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Speaker 3: It has been pointed out before that mamboo scaffolding should

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Speaker 3: only be used for smaller scale renovation, not for renovation

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Speaker 3: of such a large scale project encompassing eight blocks of

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Speaker 3: housing estates and also actual one for courts in Taypo

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Speaker 3: is not a new two controversy. There have been arguments

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Speaker 3: between the owners about awarding of the contract's renovation contracts.

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Speaker 3: Which is which costs Hong Kong dollars three hundred and

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Speaker 3: fifty million, which is above average.

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Speaker 1: That is Regina IP, Hong Kong Legislative Council member. Now

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Speaker 1: a criminal investigation will follow. Police have already arrested three

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Speaker 1: senior figures from an engineering company on suspicion of manslaw.

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Speaker 1: President Trump says tremendous progress has been made over the

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Speaker 1: past week on his peace proposal to end the war

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Speaker 1: in Ukraine, and today Russian President Vladimir Putin said he

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Speaker 1: is ready for serious talks. Here is Putin through a translator.

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Speaker 4: It was transferred to US, and we acknowledged that it

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Speaker 4: could have been as a base for the future agreement.

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Speaker 4: I can't really talk about some final versions because we

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Speaker 4: don't have.

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Speaker 1: Any Russian President Vladimir Putin speaking through a translator.

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Speaker 5: Now.

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Speaker 1: US Special Envoy Steve Whitkoff is set to go to

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Speaker 1: Moscow next week to continue negotiations. Pope Leo has used

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Speaker 1: a trip to Turkey to push for world peace It's

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Speaker 1: the Pontiff's first foreign visit since his inauguration in May,

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Speaker 1: and it comes at a crucial time and efforts to

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Speaker 1: end the war in Ukraine and ease tensions in the

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Speaker 1: Middle East. Here is Pope Leo.

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Speaker 2: We need people who will promote dialogue and practice it

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Speaker 2: with firm will and patient resolve. We are now experiencing

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Speaker 2: a phase marked by heightened level of conflict on the

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Speaker 2: global level. The future of humanity is at stake.

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Speaker 1: That was Pope Leo. The Pontiff will now head to

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Speaker 1: Lebanon for a visit planned by his predecessor, Pope Francis.

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Speaker 1: In the UK, Prime Minister Kiir Starmer is defending the

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Speaker 1: move by Chancellor Rachel Reeves to raise taxes as part

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Speaker 1: of her budget. Ordinary workers and the wealthy will see

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Speaker 1: higher taxes to pay for welfare giveaways and energy bill support.

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Speaker 1: Now the biggest tax increases will come to effect as

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Speaker 1: the Labor Party heads into the next general election. Starmer

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Speaker 1: told Sky News the plan is essential to growing the

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Speaker 1: economy and lifting hundreds of children out of poverty.

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Speaker 5: This is not a decision of the last few weeks.

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Speaker 5: All months, I have said that from the get go

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Speaker 5: it's a moral mission. It is a personal mission to

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Speaker 5: be my long standing ambition. I'm proud to be the

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Speaker 5: prime ministers done more on child poverty than any prime

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Speaker 5: minister ever.

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Speaker 1: That is UK Primen mister Keir Starmer, speaking to Sky News.

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Speaker 1: FedEx is cutting hundreds of jobs in Texas, the story

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Speaker 1: from Bloomberg's Monica Ricks.

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Speaker 7: FedEx plans to cut more than eight hundred and fifty

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Speaker 7: workers in Copple, Texas, after a third party logistics customer

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Speaker 7: opted to move its business to a new location at

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Speaker 7: a different company. The move comes towards the end of

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Speaker 7: a turbulent year for the logistics industry, which has been

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Speaker 7: jolted by President Trump's trade policies that have strained key

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Speaker 7: shipping lanes, especially between the US and China. FedEx is

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Speaker 7: also undergoing a major restructuring to merge its air and

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Speaker 7: ground shipping operations into a single network. Its logistics business

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Speaker 7: is separate from the larger parcel delivery operation. Monica Ricks

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Speaker 7: Bloomberg Radio.

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Speaker 1: Leading Chinese companies are reportedly training their AI models overseas

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Speaker 1: in order to access chips from Nvidia and bypass US

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Speaker 1: efforts to prevent Chinese advancement in Ai. The Financial Times

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Speaker 1: is reporting Ali Baba and Bike Dance are among the

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Speaker 1: tech firms training their large language models in data centers

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Speaker 1: in Singapore and Malaysia. And that is news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Doug Prisoner and

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Speaker 1: this is Bloomberg