Rep. Raja Krishnamoorthi (D-IL) says Iran could take advantage militarily and economically of President Trump's announcement that the US will not attack Iran before the midterm elections. Rep. Krishnamoorthi says he doesn't put much stock in President Trump's claim that the US is having productive discussions with Iran and says the conflict is benefiting China and Russia by drawing US forces and munitions toward the Middle East. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s "Balance of Power." (Source: Bloomberg)
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Schroders Head of US Fixed Income Neil Sutherland, Applied Digital Founder & CEO Wes Cummins, Barclays Managing Director & US Equity Research Analyst Lauren Lieberman, Siebert Williams Shank President, CEO, and Co-Founder Suzanne Shank, Citi Research Analyst Jon Tower, 248 Ventures Chief Investment Strategist Lindsey Bell, Arc’teryx CEO Stuart Haselden, Patagonia CEO Ryan Gellert, True Religion Apparel CEO Michael Buckley, BTIG Managing Director, Consumer Equity Research Janine Stichter, & Cowboy Space Founder & CEO Baiju Bhatt. (Source: Bloomberg)
Mayor Zohran Mamdani called for an end to federal immigration enforcement in New York City after an ICE officer shot and wounded a man in front of a child, escalating tensions over the Trump administration’s crackdown.
From the start of his second term, President Donald Trump has made it a top priority to restrict opportunities for non-Americans to gain entry or remain in the US. In the latest action on that front, his administration said on Oct. 8 that it would indefinitely suspend the ability of a number of technology companies, including Microsoft Corp., to sponsor foreign employees for permanent residency in the US.
Defense Secretary Pete Hegseth said the firing-squad execution of Nidal Hasan, a former Army major who killed 13 people in a mass shooting in 2009, would be visible to the public.
A large majority of French say alleged antisemitic comments made by Jordan Bardella, the head of the far-right National Rally, would be a serious matter if proven true, according to an opinion poll.
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. President Donald Trump said the US would not attack Iran ahead of November’s midterm elections, citing “productive discussions” with the Islamic Republic. Trump's comments came despite Iran ramping up attacks on tankers in the Strait of Hormuz and Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia. The US will keep a naval blockade of Iranian exports in place, and recently moved its B-1B bombers from a base in the United Kingdom due to possible Iran-linked threats. The remarks follow recent reporting in The Atlantic that Trump was mulling plans to strike Iran before the midterm contests and that the White House had asked the Pentagon to prepare options for strikes beforehand. (Source: Bloomberg)
The Trump administration is launching investigations into the use of foreign exchange visa programs at nine top colleges including Harvard, Stanford, and MIT, in its latest broadside against international students and scholars at elite schools. We speak with Bloomberg's Mike Shepard in Washington. Oil surged as fresh tanker attacks by Iran threaten to curtail a recent uptick in flows from the Middle East, as President Trump said the US would not attack Iran ahead of November’s midterm elections. Ellen Wald of Transversal Consulting joins for a closer look. We examine the state of the American labor market and the outlook for Fed policy with Claudia Sahm, Chief Economist at New Century Advisors. Plus - youth flag football participation has soared in an almost impossibly short time, especially among girls. Bloomberg's Amanda Mull joins to explain. All on the latest episode of Bloomberg Businessweek Daily. (Source: Bloomberg)
A US trade judge approved class-action status for a legal fight over refunds for President Donald Trump’s global tariffs, siding with importers who contend that the process will make it easier for a wider group of companies to get their money back.
Bloomberg's Wendy Benjaminson said that President Trump is balancing shoring up support from tech firms for his vision of an AI future with a base that remains anti-immigration, as the Trump administration suspends an immigration program for multiple tech firms including Microsoft. Benjaminson also discussed President Trump's announcement on Truth Social that the US would not be striking Iran until after the midterm elections, saying that even without strikes voters aren't going to forget the impact of war with Iran on affordability. (Source: Bloomberg)
France’s government pledged to dispatch thousands of additional teachers to understaffed schools throughout the country in an effort to rein in student protests that have led to clashes with riot police.
The US Justice Department is seeking a criminal indictment of former White House aide Cassidy Hutchinson for lying to Congress, according to a person familiar with the matter.
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the White House. On today's show, Cohen Group Senior Advisor Jen Gavito, Stonecourt Capital Partner Rick Davis and Messina Group Vice President Hannah Muldavin. (Source: Bloomberg)
Jen Gavito, a senior advisor at the consultancy firm Cohen Group and a former State Department official, said that it is 'unusual' for a president to signal that he will or will launch an attack, as President Trump posted on Truth Social that the US would not strike Iran again until after the Midterm elections. Gavito said that even if the US decides to attack Iran again, military strikes 'can’t be the strategy or the end game in of itself.' (Source: Bloomberg)
President Claudia Sheinbaum pledged to look into the authenticity of a video that appears to show alleged Mexican cartel members armed for combat in Ukraine.
President Donald Trump said the US would not attack Iran ahead of November’s midterm elections, citing in a social media post what he said were “productive discussions” with the Islamic Republic. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
The Trump administration said it would suspend an immigration program for multiple tech firms, including Microsoft Corp., alleging widespread abuse of a worker visa system. Vice President JD Vance made the announcement Thursday afternoon. Bloomberg's Mike Shepard reports. (Source: Bloomberg)
Democrats are zeroing in on the Pentagon and defense contractors as they prepare to scrutinize potential conflicts of interest in the Trump administration should they win control of Congress, according to lawmakers and people familiar with the plans.
