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

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Speaker 1: Doug Krisner. A deal to end the war in Gaza

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Speaker 1: has been reached, President Trump said. In the first phase,

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Speaker 1: Israel will partially withdraw from Gaza and Hamas will release

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Speaker 1: the remaining hostages. Here is President Trump speaking earlier on

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Speaker 1: Fox News' Hannity.

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Speaker 2: It's going to be a different world. I think, really

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Speaker 2: the Middle East came together. Amazingly. They came together. You know,

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Speaker 2: they have some countries with extraordinary wealth and just spending

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Speaker 2: a small portion of that wealth can do so much

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Speaker 2: for that area. So will will be involved in it.

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Speaker 2: But the big thing is hostages are going to be released.

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Speaker 2: It's probably our time, would be probably Monday.

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Speaker 1: That is President Trump speaking earlier on Fox News's Hannity Now.

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Speaker 1: In a post on x Israeli Prime Minister Benjamin Necniah,

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Speaker 1: who reacted to the deal. He called it a great

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Speaker 1: day for Israel and Netnia, who said he would convene

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Speaker 1: the government on third to approve this agreement. The US

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Speaker 1: government has been shut down for over a week and

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Speaker 1: lawmakers are not getting any closer to voting on a

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Speaker 1: budget bill. Republicans and Democrats still remain at odds over healthcare.

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Speaker 1: Here is House Speaker Mike Johnson.

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Speaker 3: They picked a fight that has nothing to do with

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Speaker 3: stop gut funding. They're talking about the Obamacare subsidies, for example.

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Speaker 3: That's a December thirty one policy issue. We were always

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Speaker 3: going to negotiate that and debate it and deliberate over

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Speaker 3: it in October November. That always has been on the schedule,

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Speaker 3: and they know that. But they're trying to pretend that's

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Speaker 3: the issue of the day.

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Speaker 4: It's not.

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Speaker 3: It's a red herring. It's a distraction. They're not doing

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Speaker 3: their jobs and real Americans are getting hurt.

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Speaker 1: That is House Speaker Mike Johnson, speaking earlier on Bloomberg's

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Speaker 1: balance of power. At the same time today, the IRS

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Speaker 1: said it will furlough just under half its staff and

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Speaker 1: the agency will pause most of its taxpayer services as

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Speaker 1: the government shutdown continues. This plan calls for about thirty

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Speaker 1: four thousand workers at the IRS to be furloughed. The

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Speaker 1: remainder of staff will work on preparing for next year's

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Speaker 1: filing season. In a letter, the IRS said furloughed workers

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Speaker 1: will be paid after the shutdown ends. Former FBI Director

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Speaker 1: James Comy was charged today with lying to lawmakers and

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Speaker 1: obstructing a congressional proceeding. His lawyer entered a plea of

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Speaker 1: not guilty. Colmy's defense believes the Department of Justice brought

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Speaker 1: these charges at the direction of President Trump, and Comy's

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Speaker 1: lawyers will ask for the case to be dismissed. Bloomberg's

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Speaker 1: Miles Miller covers national security.

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Speaker 5: You have a US attorney who was appointed by the

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Speaker 5: President who resigns because he believes that there is no

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Speaker 5: case here. Then the President appoints a lawyer in his

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Speaker 5: office to take the position in Eastern District of Virginia,

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Speaker 5: which handles some of the biggest national security cases. She

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Speaker 5: signs the paperwork herself, and she's forced to bring in

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Speaker 5: US attorneys from North Carolina to prosecute this case because

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Speaker 5: the scouters in the Eastern just sup of Virginia say,

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Speaker 5: we don't want our name associated with.

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Speaker 1: This Bloomberg's Miles Miller there now. Comey's trial is set

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Speaker 1: for January fifth, and it's expected to last for two

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Speaker 1: to three days. President Trump said today ILLINOI Governor JB.

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Speaker 1: Pritzker and Chicago Mayor Brandon Johnson should be jailed now.

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Speaker 1: Trump's remarks came after the Texas National Guard arrived in

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Speaker 1: the Chicago area to counter what Trump deemed to be

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Speaker 1: violent protest against the US immigration crackdown. Meantime, Pritzker pushed

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Speaker 1: back on Trump's remarks.

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Speaker 5: Look, he's a coward. He says a lot of things

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Speaker 5: to the camera.

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Speaker 4: He likes to pretend to be a tough guy.

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Speaker 5: Come and get me, Come.

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Speaker 2: And get me.

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Speaker 1: That was Illinois Governor JB. Pritzker. Separately, a soccer match

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Speaker 1: between Argentina and Puerto Rico, which had been originally scheduled

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Speaker 1: for next week in Chicago, has reportedly been relocated to Florida.

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Speaker 1: The Associated Press reports the move was made because of

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Speaker 1: President Trump's deployment of the National Guard. We go to

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Speaker 1: France next to where outgoing Prime Minister Sebastian Lecornu is

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Speaker 1: expecting President Emmanuel mccran to be in a position to

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Speaker 1: name a new premier within the next forty eight hours now.

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Speaker 1: Lecornu formerly resigned as premier on Monday, although mccron asked

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Speaker 1: him to try to reach in accord with political groups

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Speaker 1: that could lead to a new cabinet. Here is Bloomberg's

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Speaker 1: Stephen Carroll he.

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Speaker 4: Has made it clear though, is that nobody's going to

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Speaker 4: be in this government should have presidential ambitions for the

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Speaker 4: twenty twenty seven presidential election. That looks like he's pointing

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Speaker 4: towards a sort of technocratic arrangement, but very much involving

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Speaker 4: the politicians who are in the National Assembly now, who

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Speaker 4: are on the political scene, to be able to put

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Speaker 4: that compromise together, because they have some pretty big issues

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Speaker 4: they have to decide, and the calendar on this budget

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Speaker 4: is already running very very tight.

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Speaker 1: That is Bloomberg Stephen Carroll. We go to US interest

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Speaker 1: rate policy next. The minutes of the last FED meeting

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Speaker 1: show a willingness to lower interest rates further this year.

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Speaker 1: But there is more to the men here, is Bloomberg's

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Speaker 1: Michael McKee.

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Speaker 6: Most participants emphasized upside risks to their outlook for inflation

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Speaker 6: in the discussion about the economy. Much of that discussion

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Speaker 6: revolving around inflation, with the Hawks noting progress towards the

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Speaker 6: fed's two percent target had stalled, which raised the risks

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Speaker 6: of inflation expectations rising.

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Speaker 1: That is Bloomberg's Michael McKee. Back in September, FED officials

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Speaker 1: were expecting two additional quarter point rate cuts by the

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Speaker 1: end of the year. And that is news when you

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

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Speaker 1: this is Bloomberg