1 00:00:01,320 --> 00:00:03,600 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:03,600 --> 00:00:06,640 Speaker 1: Doug Prisner. We begin in the Mideast, where Israel and 3 00:00:06,720 --> 00:00:10,720 Speaker 1: Hamas are set to begin mediated negotiations on Monday. Now. 4 00:00:10,760 --> 00:00:14,640 Speaker 1: These discussions will focus on the final arrangements regarding the 5 00:00:14,680 --> 00:00:17,360 Speaker 1: timing of hostage releases, as well as a list of 6 00:00:17,440 --> 00:00:21,680 Speaker 1: Palestinian prisoners to be freed. US Special Envoy Steve Whitkoff 7 00:00:21,840 --> 00:00:24,760 Speaker 1: and President Trump's son in law Jared Kushner are traveling 8 00:00:24,800 --> 00:00:27,880 Speaker 1: to Egypt to take part in these talks. Hamas says 9 00:00:27,960 --> 00:00:31,640 Speaker 1: that its delegation has arrived in Egypt for negotiations now. 10 00:00:31,680 --> 00:00:34,280 Speaker 1: President Trump has already laid out a twenty point plan 11 00:00:34,360 --> 00:00:36,559 Speaker 1: to end the war in Gaza, and he's also made 12 00:00:36,600 --> 00:00:40,000 Speaker 1: it clear that he's losing patience with both Hamas and Israel. 13 00:00:40,400 --> 00:00:44,159 Speaker 1: Here is Israeli Foreign Minister Gideon Sar, and I want. 14 00:00:43,960 --> 00:00:48,479 Speaker 2: To thank President Donald Trump for all his efforts with 15 00:00:48,840 --> 00:00:55,240 Speaker 2: regard to this huge mission of bringing back our hostages 16 00:00:55,400 --> 00:00:55,920 Speaker 2: back home. 17 00:00:56,120 --> 00:01:00,200 Speaker 1: That's Israel's Foreign Minister Gideon Sar speaking there. Separately over 18 00:01:00,240 --> 00:01:03,520 Speaker 1: the weekend, Israeli Prime Minister Benjamin Macna, who said his 19 00:01:03,640 --> 00:01:08,400 Speaker 1: country's military will redeploy within the territory. He also left 20 00:01:08,480 --> 00:01:12,920 Speaker 1: open the possibility of disarming Hamas by force. The Trump 21 00:01:13,000 --> 00:01:16,880 Speaker 1: administration has deployed one hundred federalized members of the California 22 00:01:17,000 --> 00:01:20,560 Speaker 1: National Guard to Oregon. This move came after a federal 23 00:01:20,600 --> 00:01:24,440 Speaker 1: court blocked President Trump from deploying the Oregon National Guard 24 00:01:24,520 --> 00:01:27,800 Speaker 1: to Portland. Now, California Governor knews him called the move 25 00:01:27,959 --> 00:01:31,520 Speaker 1: a breathtaking abuse of power, and he said that California 26 00:01:31,560 --> 00:01:34,320 Speaker 1: would sue. We also heard from the Governor of Oregon, 27 00:01:34,400 --> 00:01:35,200 Speaker 1: Tina Kotec. 28 00:01:35,760 --> 00:01:38,760 Speaker 3: We are all concerned, but the role of governors are 29 00:01:38,959 --> 00:01:41,839 Speaker 3: what their role is in Commander's achieved for the National Guard. 30 00:01:42,160 --> 00:01:44,760 Speaker 3: But let's go to earlier last week, the President of 31 00:01:44,760 --> 00:01:47,920 Speaker 3: the United States spoke to hundreds of generals saying that 32 00:01:48,200 --> 00:01:50,400 Speaker 3: we need to be able to training our military in 33 00:01:50,440 --> 00:01:54,720 Speaker 3: the streets of American cities. We cannot normalize the approach 34 00:01:54,760 --> 00:01:58,240 Speaker 3: he is taking with the military in our own country. 35 00:01:58,400 --> 00:02:00,880 Speaker 3: As I warranted, it is on the aul. It is 36 00:02:00,880 --> 00:02:03,560 Speaker 3: on American local law enforcement has a duty and a 37 00:02:03,640 --> 00:02:07,440 Speaker 3: responsibility and the skills to manage their local situation. 38 00:02:07,640 --> 00:02:11,120 Speaker 1: Tana Cotech there, she is the governor of Oregon. It's 39 00:02:11,200 --> 00:02:14,960 Speaker 1: day five of the US government shutdown. Talks on reopening 40 00:02:14,960 --> 00:02:18,200 Speaker 1: have stalled. The House has canceled plans to reconvene this 41 00:02:18,240 --> 00:02:20,240 Speaker 1: week in order to allow the Senate to work on 42 00:02:20,280 --> 00:02:23,800 Speaker 1: a proposal to reopen the government. Now, Democrats are seeking 43 00:02:23,840 --> 00:02:27,600 Speaker 1: a reversal of cuts to medicare as well as restoration 44 00:02:27,680 --> 00:02:31,400 Speaker 1: of subsidies for Obamacare. Now, on the Republican side, the 45 00:02:31,440 --> 00:02:36,080 Speaker 1: demand is for a clean bill funding the government into November. Meantime, 46 00:02:36,080 --> 00:02:39,000 Speaker 1: the White House is threatening to fire thousands of federal 47 00:02:39,040 --> 00:02:41,880 Speaker 1: workers as a result of the shutdown. House Speaker Mike 48 00:02:41,960 --> 00:02:46,279 Speaker 1: Johnson told NBC's Meet the Press mass layoffs are regrettable. 49 00:02:46,880 --> 00:02:49,480 Speaker 4: In a situation like this, where the Senate Democrats have 50 00:02:49,520 --> 00:02:51,480 Speaker 4: decided to turn the keys to the kingdom over to 51 00:02:51,520 --> 00:02:54,680 Speaker 4: the White House, they have to make tough decisions. Russ 52 00:02:54,720 --> 00:02:56,760 Speaker 4: Vote runs the Office of Management and Budget. He has 53 00:02:56,800 --> 00:02:59,600 Speaker 4: to now look at all of the federal government, recognizing 54 00:02:59,600 --> 00:03:02,239 Speaker 4: that the funding streams have been turned off, and determined 55 00:03:02,280 --> 00:03:06,680 Speaker 4: what are essential programs, policies in personnel. That's not a 56 00:03:06,800 --> 00:03:09,640 Speaker 4: job that he relishes, but he's been required to do 57 00:03:09,720 --> 00:03:10,680 Speaker 4: it by Chuck Schumer. 58 00:03:10,720 --> 00:03:13,920 Speaker 1: House Speaker Mike Johnson. There well, the government shutdown did 59 00:03:14,000 --> 00:03:17,560 Speaker 1: not stop President Trump from saluting the US Navy today 60 00:03:17,680 --> 00:03:21,480 Speaker 1: as it celebrates its two hundred and fiftieth anniversary. Here 61 00:03:21,639 --> 00:03:25,200 Speaker 1: is President Trump at the US Naval Base in Norfolk, Virginia. 62 00:03:25,360 --> 00:03:29,760 Speaker 5: We're spending over one trillion dollars. We've never had anything 63 00:03:29,840 --> 00:03:33,720 Speaker 5: like that before, one trillion dollars on our military. And 64 00:03:33,760 --> 00:03:37,240 Speaker 5: that includes, along with your Secretary of the Navy and 65 00:03:37,360 --> 00:03:39,400 Speaker 5: Pete hex Saith, we're going to be building lots of 66 00:03:39,440 --> 00:03:42,600 Speaker 5: ships and doing a lot of things that you haven't 67 00:03:42,640 --> 00:03:44,920 Speaker 5: seen happen for thirty five years. 68 00:03:45,000 --> 00:03:48,840 Speaker 1: President Trump, speaking at the US Naval Base in Norfolk, Virginia. 69 00:03:49,120 --> 00:03:51,840 Speaker 1: The US Supreme Court's new term begins this week, and 70 00:03:51,920 --> 00:03:54,640 Speaker 1: it could be the biggest test yet of President Trump's 71 00:03:54,640 --> 00:03:58,520 Speaker 1: bid to exert executive power. More from Bloomberg san Nathan Hager. 72 00:03:59,000 --> 00:04:01,640 Speaker 6: Since President Trump turn to office, the High Court has 73 00:04:01,680 --> 00:04:05,400 Speaker 6: temporarily lifted about twenty rulings that have thwarted his agenda. Now, 74 00:04:05,480 --> 00:04:08,640 Speaker 6: the justices are set to consider the underlying legal questions 75 00:04:08,640 --> 00:04:13,040 Speaker 6: behind such issues as Global Tariff's efforts to control independent agencies, 76 00:04:13,040 --> 00:04:16,200 Speaker 6: including the Federal Reserve, and the President's bid to limit 77 00:04:16,240 --> 00:04:19,280 Speaker 6: birthright citizenship. Any Guard rails would fall to a court 78 00:04:19,320 --> 00:04:22,839 Speaker 6: that has expanded presidential power under Chief Justice John Roberts. 79 00:04:23,080 --> 00:04:25,640 Speaker 6: In Washington, I'm Nathan Hager, Bloomberg Radio. 80 00:04:25,839 --> 00:04:28,159 Speaker 1: There is plenty of FED speak in the week ahead. 81 00:04:28,160 --> 00:04:30,400 Speaker 1: We have a preview from Bloomberg's Charlie Pellett. 82 00:04:30,920 --> 00:04:34,200 Speaker 7: Tuesday, FED Governor Stephen Myron takes part in a fireside 83 00:04:34,240 --> 00:04:37,520 Speaker 7: chat at the MFA Potlesey Outlook twenty twenty five conference. 84 00:04:37,839 --> 00:04:42,320 Speaker 7: Atlanta FED President Raphael Bostic speaks in Nashville, and Minneapolis 85 00:04:42,360 --> 00:04:47,479 Speaker 7: FED President Neil Kashkari attends the Star Tribunes North Star Summit. Wednesday, 86 00:04:47,560 --> 00:04:52,040 Speaker 7: FED Governor Michael Barr and Saint Louis FED President Alberto Masanom. Thursday, 87 00:04:52,080 --> 00:04:55,400 Speaker 7: FED Chair j Powell delivers pre recorded remarks at a 88 00:04:55,400 --> 00:04:59,480 Speaker 7: community banking conference where Treasury Secretary Scott Bessant and FED 89 00:04:59,480 --> 00:05:02,760 Speaker 7: Governors sh Shell Bowman hold a fireside chat. And then 90 00:05:02,800 --> 00:05:06,159 Speaker 7: Friday we hear from Chicago FED President Austin Goolesby in 91 00:05:06,279 --> 00:05:08,760 Speaker 7: New York Charlie Pellett Bloomberg Radio. 92 00:05:08,920 --> 00:05:11,520 Speaker 1: And that is news when you want it with Bloomberg News. Now, 93 00:05:11,520 --> 00:05:13,440 Speaker 1: I'm Doug Prisoner, and this is Bloomberg