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

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Speaker 1: med Kleggy. President Trump issued an order Friday reducing tariffs

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Speaker 1: on beef, tomatoes, coffee, and bananas, a move aimed at

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Speaker 1: lowering costs on groceries as the administration faces pressure from

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Speaker 1: voters to cut prices on everyday goods. The exemptions would

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Speaker 1: reduce trade levees on the commodities, which the White House

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Speaker 1: said cannot be produced in the US in sufficient quantity

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Speaker 1: to meet domestic demand. Hundreds of food products, including coconuts, nuts, avocados,

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Speaker 1: and pineapples, were among the products listed by the Administration

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Speaker 1: for exemption from tariffs. The tariff breaks are backdated to

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Speaker 1: take effect at twelve oh one am New York time,

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Speaker 1: November thirteenth. In some relief at the airport, the US

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Speaker 1: Federal Aviation Administration has announced it will lower flight reductions

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Speaker 1: to three percent from six percent, beginning at six am

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Speaker 1: Eastern Saturday morning. The Justice Department announced it would launch

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Speaker 1: an investigation into Jeffrey Epstein's ties to former President Bill Clinton,

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Speaker 1: one time Treasury Secretary Larry Summers, Democratic mega donor Reed Hoffman,

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Speaker 1: and JP Morgan Chasen Company at the public urging of

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Speaker 1: Donald Trump after new emails prompted questions about the current

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Speaker 1: president's own relationship with the disgraced financier. Attorney General Pam

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Speaker 1: Bondi says she was tasking former Securities and Exchange Commission

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Speaker 1: Chairman Jake Clayton, who is now the U S. Attorney

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Speaker 1: for the Southern District of New York, with the probe.

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Speaker 1: The U S. Attorney's office in the Southern District is

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Speaker 1: one of the most prestigious, responsible for prosecuting many high

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Speaker 1: profile financial crimes and cases involving Wall Street. Politico is

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Speaker 1: reporting House Republican leaders are planning to hold a vote

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Speaker 1: Tuesday on legislation to force the release of federal files

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Speaker 1: related to Jeffrey Epstein. A bipartisan group of House lawmakers

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Speaker 1: is urging the Senate to help come up with a

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Speaker 1: deal to address the expiration of healthcare subsidies. Bloomberg's Amy

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Speaker 1: Marris reports from Washington.

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Speaker 2: Thirteen House Republicans co signed a letter with knighte teen

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Speaker 2: House Democrats, signaling support among some Republicans to resolve democrats

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Speaker 2: core demand to avoid Affordable Care Act premium increases. They're

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Speaker 2: asking that representatives from both parties in the House be

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Speaker 2: included in the talks aimed at averting what they're calling

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Speaker 2: drastic premium increases that would affect more than twenty million Americans.

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Speaker 2: In that letter, the lawmakers wrote that without a deal,

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Speaker 2: millions of Americans will lose health care coverage because they

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Speaker 2: won't be able to afford it. In Washington, Amy Morris

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Speaker 2: Bloomberg Radio.

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Speaker 1: Warren Buffett's Berkshire Hathaway has acquired seventeen point nine million

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Speaker 1: shares of Google parent Alphabet during the third quarter, while

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Speaker 1: further trimming its holdings in Bank of America and Apple.

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Speaker 1: Berkshire's Alphabet steake, representing point three to one percent of

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Speaker 1: the outstanding shares, was worth about four point nine billion

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Speaker 1: dollars as of the market clothes. Buffett, who plans to

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Speaker 1: step down as chief executive officer at year end, has

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Speaker 1: been finding ways to deploy some of Berkshire's cash pile,

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Speaker 1: which rose to a record three hundred and eighty two

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Speaker 1: billion dollars at the end of the quarter. Google plans

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Speaker 1: to invest forty billion dollars in three new Texas data centers,

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Speaker 1: ramping up its footprintest competitors such as open Ai and

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Speaker 1: anthropic Map out their own multi billion dollar bets in

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Speaker 1: the state. The investment will be made through twenty twenty seven.

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Speaker 1: One data center will be an Armstrong County in the

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Speaker 1: Texas Panhandle and to a Haskell County, a stretch of

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Speaker 1: West Texas near Abilene. One of the Haskell facilities will

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Speaker 1: be co located with a new solar and battery energy

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Speaker 1: storage plant designed to ease the impact on the power grid.

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Speaker 1: Federal Reserve Bank of Dallas President Lori Logan signals she

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Speaker 1: will not support another interest rate cut unless the data

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Speaker 1: warrants it.

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Speaker 3: I think it would be hard to support another rate

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Speaker 3: cut unless we were to get convincing evidence that inflation

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Speaker 3: is really coming down faster than my expectations, or that

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Speaker 3: we were seeing more than the gradual cooling that we've

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Speaker 3: been seeing in the labor market.

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Speaker 1: Dallas s FEN President Lori Logan, and Walt Disney and

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Speaker 1: YouTube reached an agreement to restore channels such as ABC

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Speaker 1: and ESPN to the online video service. The multi year

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Speaker 1: deal includes Disney's full channel lineup and access to the

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Speaker 1: recently launched online version of ESPN. The Friday numbers on

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Speaker 1: Wall Street, the Dow lost three oh nine Nasdak Game thirty,

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Speaker 1: the S and P Drop three. The ten year treasury

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Speaker 1: yield is at four point one five percent. The two

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Speaker 1: year treasury yield stands at three point six zero percent.

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Speaker 1: Bitcoin fell below ninety five thousand dollars for the first

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Speaker 1: time at about six months as a bout of risk.

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Speaker 1: Aversion sweeping across markets saw investors pull nearly nine hundred

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Speaker 1: million dollars from funds investing in the token. That's news

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Speaker 1: when you want it with Bloomberg News. Now I made Kleggy.

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Speaker 1: This is Bloomberg