1 00:00:01,000 --> 00:00:04,160 Speaker 1: News when you want it with Bloomberg News Now, I 2 00:00:04,280 --> 00:00:08,160 Speaker 1: made Caleggy. President Trump said he's increasing US tariffs on 3 00:00:08,240 --> 00:00:12,080 Speaker 1: Canada by ten percent in response to an anti tariff advertisement, 4 00:00:12,480 --> 00:00:14,960 Speaker 1: but the province of Ontario that is royling one of 5 00:00:14,960 --> 00:00:19,520 Speaker 1: the world's biggest bilateral trade relationships. Trump's truth social post 6 00:00:19,560 --> 00:00:22,759 Speaker 1: follows days of public clashes over the ad, which invoked 7 00:00:22,800 --> 00:00:26,040 Speaker 1: former President Ronald Reagan's stance as a free trader and 8 00:00:26,120 --> 00:00:29,880 Speaker 1: triggered the current US president's eyre, prompting him to suspend 9 00:00:29,920 --> 00:00:34,080 Speaker 1: trade negotiations with Canada. Trump said Saturday, quote because of 10 00:00:34,120 --> 00:00:38,239 Speaker 1: their serious misrepresentation of the facts and hostile act, I 11 00:00:38,280 --> 00:00:41,520 Speaker 1: am increasing the tarif on Canada by ten percent, over 12 00:00:41,560 --> 00:00:45,680 Speaker 1: and above what they are paying now. Hurricane Melissa will 13 00:00:45,720 --> 00:00:49,239 Speaker 1: likely become a chart topping category five hurricane as it 14 00:00:49,320 --> 00:00:53,479 Speaker 1: nears Jamaica's coast early next week, bringing house flattening winds 15 00:00:53,520 --> 00:00:57,480 Speaker 1: across the island and catastrophic flooding. The storm is starting 16 00:00:57,480 --> 00:01:00,240 Speaker 1: to rapidly intensify, and its winds will likely reach each 17 00:01:00,480 --> 00:01:03,200 Speaker 1: one hundred and sixty miles an hour in two days 18 00:01:03,360 --> 00:01:07,000 Speaker 1: as it nears Jamaica, where it should make landfall early Tuesday. 19 00:01:07,280 --> 00:01:09,959 Speaker 1: The hurricane may lose some strength by then, but it 20 00:01:10,000 --> 00:01:14,240 Speaker 1: will still probably be a Category four system. President Trump 21 00:01:14,319 --> 00:01:17,160 Speaker 1: says he may discuss a decline in Chinese purchases of 22 00:01:17,240 --> 00:01:20,600 Speaker 1: Russian oil with Shi Jinping following US sanctions on two 23 00:01:20,760 --> 00:01:24,880 Speaker 1: major oil companies that expressed disappointment with Vladimir Putin over 24 00:01:24,920 --> 00:01:28,360 Speaker 1: his conduct of the war Ukraine. Trump, speaking to reporters 25 00:01:28,400 --> 00:01:30,880 Speaker 1: in routes to Asia for a meeting with leaders including She, 26 00:01:31,319 --> 00:01:34,280 Speaker 1: said he hopes his talks Thursday with the Chinese president 27 00:01:34,560 --> 00:01:36,320 Speaker 1: would yield a complete deal. 28 00:01:36,720 --> 00:01:39,080 Speaker 2: A complete deal. I want our farmers to be taken 29 00:01:39,120 --> 00:01:41,679 Speaker 2: care of that he wants things. Also, we're going to 30 00:01:41,680 --> 00:01:43,480 Speaker 2: be talking about fent and all. Of course, you know, 31 00:01:43,760 --> 00:01:46,959 Speaker 2: fent goes killing a lot of people, a lot of 32 00:01:46,959 --> 00:01:48,680 Speaker 2: people that comes from China. 33 00:01:48,720 --> 00:01:52,760 Speaker 1: An increasingly acrimonious standoff between the US and China overtrade 34 00:01:52,760 --> 00:01:55,920 Speaker 1: tech and raw material restrictions has raised the stakes for 35 00:01:56,000 --> 00:01:58,680 Speaker 1: Trump's trip to Asia. Trump and she planned to meet 36 00:01:58,720 --> 00:02:02,400 Speaker 1: during an Asia Pacific Eeasconomic Cooperation summit in South Korea. 37 00:02:02,760 --> 00:02:05,559 Speaker 1: In the build up, US and Chinese negotiators held trade 38 00:02:05,600 --> 00:02:08,960 Speaker 1: talks in Kuwala, Lumpur on Saturday that a US Treasury 39 00:02:09,000 --> 00:02:13,640 Speaker 1: spokesperson called very constructive. We're learning more about the massive 40 00:02:13,680 --> 00:02:16,079 Speaker 1: donation to the Pentagon who helped pay troops during the 41 00:02:16,240 --> 00:02:20,000 Speaker 1: US government shutdown. Bloomberg's Monica Rix reports. 42 00:02:19,639 --> 00:02:22,160 Speaker 3: The Pentagon says it received an anonymous one hundred and 43 00:02:22,160 --> 00:02:25,320 Speaker 3: thirty million dollar donation to pay the military during the 44 00:02:25,320 --> 00:02:28,720 Speaker 3: government's shutdown, and President Trump confirmed it was a friend 45 00:02:28,760 --> 00:02:31,600 Speaker 3: who cut the check. Now for New York Times reports 46 00:02:31,680 --> 00:02:34,720 Speaker 3: that money came from Timothy Mellon, a wealthy banking heir 47 00:02:34,800 --> 00:02:38,240 Speaker 3: and railroad magnate who's been a major financial Trump supporter. 48 00:02:38,720 --> 00:02:41,720 Speaker 3: Melon's given tens of millions of dollars to group supporting 49 00:02:41,760 --> 00:02:45,200 Speaker 3: the president's campaign, including a fifty million dollar donation to 50 00:02:45,280 --> 00:02:47,760 Speaker 3: a super pack last year. It was one of the 51 00:02:47,840 --> 00:02:52,560 Speaker 3: largest single contributions ever disclosed, Monica Rix Bloomberg Radio. 52 00:02:52,639 --> 00:02:55,919 Speaker 1: The Trump administration is proposing another rule to toughen the 53 00:02:55,960 --> 00:02:59,960 Speaker 1: immigration system. Bloomberg's Nathan Hager reports from Washington. 54 00:03:00,040 --> 00:03:03,040 Speaker 4: The Department of Homeland Security will now require all immigrants 55 00:03:03,080 --> 00:03:05,919 Speaker 4: and non US citizens to be photographed before the enter 56 00:03:06,000 --> 00:03:09,120 Speaker 4: or leave the country. US Customs and Border Protection already 57 00:03:09,120 --> 00:03:12,639 Speaker 4: requires photos and fingerprints from certain immigrants and foreign visitors. 58 00:03:12,639 --> 00:03:16,680 Speaker 4: At designated locations. DHS says this new expanded rule will 59 00:03:16,720 --> 00:03:20,760 Speaker 4: help address national security concerns, fraudulent use of travel documentation, 60 00:03:21,040 --> 00:03:24,839 Speaker 4: and visa overstays. In Washington, I'm Nathan Hager. 61 00:03:24,520 --> 00:03:27,679 Speaker 1: Bloomberg Radio, Kamala Harris is not ruling out another run 62 00:03:27,720 --> 00:03:29,680 Speaker 1: for the White House. In an interview with the BBC 63 00:03:29,840 --> 00:03:32,840 Speaker 1: posted Saturday, Harris said she expects a woman will be 64 00:03:32,919 --> 00:03:35,520 Speaker 1: president in the coming years, and it could possibly be her. 65 00:03:36,000 --> 00:03:38,760 Speaker 1: The former Vice president said she has not decided whether 66 00:03:38,800 --> 00:03:41,720 Speaker 1: to mount a twenty twenty eight presidential campaign, but she 67 00:03:41,880 --> 00:03:46,360 Speaker 1: dismissed the suggestion that she'd faced long odds. President Trump's 68 00:03:46,360 --> 00:03:50,080 Speaker 1: nominees to serve as Inspector's General faced sharp questions about 69 00:03:50,080 --> 00:03:54,160 Speaker 1: their ability to remain neutral during Senate confirmation hearings. Bloomberg's 70 00:03:54,200 --> 00:03:56,240 Speaker 1: Amy Marris reports from Washington. 71 00:03:56,360 --> 00:03:59,960 Speaker 5: Democratic Senator Gary Peters of Michigan expressed concerns about the 72 00:04:00,160 --> 00:04:04,480 Speaker 5: nominee's ability to conduct effective oversight given the president's attacks 73 00:04:04,560 --> 00:04:08,040 Speaker 5: on the independence of inspectors general. The scrutiny of the 74 00:04:08,080 --> 00:04:12,960 Speaker 5: nominees comes after Trump fired igs across sixteen agencies. A 75 00:04:13,000 --> 00:04:16,880 Speaker 5: federal judge ruled the firings unlawful, but declined to reinstate 76 00:04:16,920 --> 00:04:20,760 Speaker 5: those officials. The nominees insist they will remain independent if 77 00:04:20,800 --> 00:04:24,200 Speaker 5: confirmed to their posts, but still faced scrutiny from more 78 00:04:24,240 --> 00:04:27,719 Speaker 5: Democratic senators in Washington, Amy Moore as Bloomberg Radio. 79 00:04:27,920 --> 00:04:31,040 Speaker 1: And finally, if your next deli sandwich seems a bit 80 00:04:31,120 --> 00:04:34,279 Speaker 1: short on lunch meet, you're probably not imagining it. Consumer 81 00:04:34,320 --> 00:04:37,360 Speaker 1: prices for lunch meets rose four point two percent in September, 82 00:04:37,400 --> 00:04:40,359 Speaker 1: the largest monthly increase on record, far out pacing the 83 00:04:40,400 --> 00:04:44,000 Speaker 1: point three percent rise in broader grocery costs, according to 84 00:04:44,000 --> 00:04:47,440 Speaker 1: the Bureau of Labor Statistics. Year on year, lunch meat 85 00:04:47,480 --> 00:04:50,599 Speaker 1: prices increased at almost the same pace. And now you 86 00:04:50,680 --> 00:04:53,960 Speaker 1: know why the sandwich God's created peanut butter and jelly. 87 00:04:54,480 --> 00:04:57,560 Speaker 1: That's news when you wanted with Bloomberg News. Now I'm 88 00:04:57,560 --> 00:04:58,200 Speaker 1: in Kalenki. 89 00:04:58,680 --> 00:05:00,120 Speaker 2: This is b