I also want to thank Prime Minister Netanyahu for agreeing to the plan if accepted by Hamas. This proposal calls for the release of all remaining hostages immediately, but in no case, more than 72 hours. Let's go to Jerusalem now and speak to Bloomberg's Dan Williams.Dan, it was feted as a major milestone speech press conference by both President Trump and the Israeli prime minister and Netanyahu and Netanyahu saying that he's signed on to this 20 point plan. First of all, what is exactly in the plan. Talk ...

The geopolitical overlay here. Sources Have you guys ever heard about this big story. Of course.Sources say the Chinese president, Xi Jinping, is pushing President Donald Trump to oppose Taiwan independence. Now, the wording that would mark a major diplomatic win for Beijing and really comes as both sides seek this trade deal. Yeah.Our Bloomberg opinion columnist Karishma Vaswani says such a shift will be a major blow to the island and would brand Washington as an unreliable partner in the region. She joins ...

What do we know about these new round of tariffs from the Trump administration. And it's a right force of tariffs there, isn't it, Joumanna. I mean, this is what it is, one of the latest iterations of the sectoral tariffs that the Trump administration has introduced.Very recently, we saw the same thing in the pharma industry. And this follows an investigation by the U.S. government into the market conditions, which means that this is a sectoral tariff. And the method they use means that it is it is not subj ...

>> THIS IS BALANCE OF POWER, FROM WASHINGTON, D. C. JOE: FROM D.C. STUDIOS TO THE TV AND RADIO AUDIENCES WORLDWIDE, WELCOME TO BALANCE OF POWER. TWO MAJOR STORIES FROM THE WHITE HOUSE ON DIFFERENT FRONTS.THE WAR IN GAZA AND THE PENDING GOVERNMENT SHUTDOWN WITH DEMOCRATS SENDING THIS MESSAGE TO PRESIDENT TRUMP. >> ULTIMATELY COMING HE IS THE DECISION-MAKER. IF HE WILL ACCEPT SOME OF THE THINGS WE ASKED, WHICH WE THINK OF THE AMERICAN PEOPLE ARE FOR ON HEALTH CARE AND RESCISSIONS, HE CAN AVOID A SHUTDOWN BUT ...

We have disagreements about tax policy, but you don't shut the government down. We have disagreements about health care policy, but you don't shut the government down. You don't use your policy disagreements as leverage to not pay our troops, to not have essential services of government actually function.You don't say the fact that you disagree about a particular tax provision is an excuse for shutting down to the people's government and all the essential services that come along with it. So if they want to ...

All right, time for a look back in history. Way back in history to 1916. That's when a front page story in the New York Times declared John D.Rockefeller as the world's first billionaire. Now, while historians quibble as to whether the Times jumped the gun a bit on that declaration, Rockefeller's wealth was by any measure unimaginable for the time. Before 1900, there wasn't even a consistent angophone definition of the word billionaire.And in 1916, the second richest person at the time, Henry Clayfrick, his ...

Ultimately he's the decision maker. And if he will accept some of the things we asked, which we think the American people are for on health care and on rescissions, he can avoid a shutdown. But there are still large differences between us.Congressional leaders convening at the White House for discussions with the president on the eve of a shutdown that could have a massive impact on Washington and across the country one day and a bit less than 7 hours to go before the federal government is shuttered, unless ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick alongside Katie Greifeld, taking you through to the closing bell with a global simulcast. Carol Massar And Tim Stenovec join us from the radio booth.Welcome to all of our audiences across all of our Bloomberg platforms, including Carol Massar, our partnership with YouTube. Yeah, exactly. Across all of our platforms, we've certainly seen markets bounce around, definitely off their lows of the session as we head into a close. ...

So this takes our effective corporate tax rate in the United States, not statutory, that's still at 21, but the effective tax rate for the next three years at least is going to be roughly 10%, one of the lowest in the world. So I think we're in for some very good times. We think we're moving from a rolling recession into a recovery and then into a productivity driven boom in activity.Productivity is one of the most potent anti-inflationary forces. This is uh this is reeganomics. It's deja vu.And you'll see ...

Economic Impact of Government Shutdown - Each week of a government shutdown shaves off approximately 025 percentage points from the annualized GDP growth rate during that quarter [4] - A three-week shutdown, the longest seen, could potentially be absorbed within the fourth quarter, resulting in a negligible overall impact [5][6] - A prolonged shutdown could lead to a 1 percentage point reduction in fourth-quarter GDP growth [4] Labor Market Data and Analysis - A government shutdown would suspend data releases from the US Bureau of Labor Statistics (BLS) and cease active data collection [1] - The absence of federal data increases the importance of alternative datasets like ADP data for labor market insights [2] - The Department of Labor could reduce its workforce from approximately 13000 to 3000 employees during a shutdown, with only one employee remaining at the Bureau of Labor Statistics [10] - Data collection during the reference week (containing the 12th of the month) could be significantly impacted, potentially leading to choppy labor surveys and data revisions [11][13] - Mass firings could increase the unemployment rate up to 45% [11] Federal Reserve Policy Implications - A government shutdown could hinder the Federal Reserve's ability to make informed decisions due to the lack of official statistics [7] - The Fed relies on data like the core PCE measure and the unemployment rate for communication and policy decisions, which would be unavailable during a shutdown [8]