Saudi Pipeline Down, Trump: US, Canada Deal Coming ‘Fairly Soon,’ More

0:00Each morning, it's a new opportunity, a chance to start fresh. A first from MPR makes each morning an opportunity to learn and to understand. Choose to join the world every morning with up first, a podcast that hands you everything going on across the globe and down the street, all in 15 minutes or less. Start your day informed and a new with up first by subscribing wherever you get your podcasts. News when you want it with Bloomberg News Now, I'm Monica Ricks. Saudi Arabia says it's shut down its East-West pipeline as a precautionary measure following more attacks this week as fighting intensifies across the Middle East. But President Trump has said the U.S. isn't getting involved. We've had discussions. The Houthis called us and they don't want to fight with us. They let us know. They don't want to fight with us. They don't want me to go after them. Bloomberg's Jeff Mason reports it's a bit of mixed messaging. The President for some time now has been wanting to suggest that the United States is essentially

1:03moving on from this war in Iran. I was traveling with him this week and asked him if there were going to be talks again to reach a peace deal and he said we're really not looking for that Jeff. We're not looking for peace talks. So I think it's consistent with that in that he doesn't want to emphasize or bring attention necessarily to what is clearly a very negative development for the United States in this war. White House correspondent Jeff Mason on Bloomberg this weekend, the President's comments come after meeting with leaders in Ireland where he also discussed U.S. trade with Mexico and Canada. We're going to have a good relationship with Mexico. We actually have a good one with Canada, but the United States has been ripped off for 50 years by Canada. You'll need their product and they need our product. Still, Trump says we could see a deal with Canada fairly soon. Leaders of the BRICS nations are meeting in India today for a summit focused on trade, investment and global conflicts. And that includes Russia, China and Iran's presidents who'll be there despite ongoing

2:07wars in Ukraine and the Middle East. Russia and China see BRICS as a way to reduce Western dominance. President Trump has suggested he might allow a Chinese car company to build electric vehicles in the U.S. rejecting the idea of Chinese imports, but saying he would be okay with China opening a plant to build cars here as long as they hire and use our people. New York Senator Alyssa Slokkin said earlier this week on social media, the move would be a strategic mistake and a revocably impact U.S. manufacturing capacity. Fed Chair Kevin Warsh will face more intense pressure to raise interest rates at next week's policy meeting after a highly anticipated inflation report showed U.S. consumer prices were higher last month. Tiffany Wilding is an economist at PIMCO. I think this does result in a Federal Reserve that is hiking interest rates. I think they were very clear about, you know, framework guidance ahead of this report. Basically to say, if we're seeing inflation that's not moderating at a pace that we

3:07would like it to moderate, you know, then we're going to have to gradually adjust policy. PIMCO's Tiffany Wilding, underlying inflation rose more than expected in August with Corsi PI increasing a third of a percent from a month earlier. Oil prices also soared past $100 a barrel yesterday and diesel hit another record at $616 a gallon as the war in Iran continues. Triple A says that's up from $585 last week. Reuters reports in videos considering investing as much as $10 billion in anthropics initial public offering, which could become the biggest IPO of all time. Here's Bloomberg's Ed Colleggi. The anthropic is seeking to raise as much as $100 billion in the offering, which would value the artificial intelligence company at around $2 trillion. It is in talks to bring in Nvidia, the largest maker of AI processors as an anchor investor. Bloomberg reported in August that anthropic expects to match or beat the size of SpaceX's record setting IPO. The five-year-old company raised $65 billion in May at a $965 billion valuation at Colleggi.

4:13Bloomberg Radio. Former Secretary Howard Lutnik is defending the $5,000 dividends the president's promised Americans if Republicans are re-elected during midterms. He says that money would not come from taxpayers. We can earn the money that Donald Trump wants to pay out, not from the deficit and not from taxpayers. Lutnik on NBC News. He cited the Trump Platinum card, which hasn't launched yet, but would require immigration applicants to pay thousands in fees to live in the U.S. and undergo a vetting process. Vice President JD Vance has suggested the money would come from tariffs, while White House National Economic Council Director Kevin Hassid has said it could come from a reconciliation package. It may be safe to put lettuce back on your grocery list. Federal health officials say that record-breaking cycle of spora outbreak is over. Here's Bloomberg's map-piper. The FDA says all recalled iceberg lettuce linked to the outbreak is off the market. Nearly 13,000 cases were reported. The outbreak affected 21 states with Michigan hit hardest, where two deaths were tied to

5:15it. Federal officials focused on tailor farms as the source of the lettuce and the company recalled iceberg lettuce grown in central Mexico. That paper, Bloomberg Radio. And Ben Shelton is now the first black American to reach a U.S. open final since Arthur Ash in 1972, after beating Francis Tiafo last night in New York. He'll now take on number one seated Alexander Sverov tomorrow for the title. Meantime the Women Take Center stage today as top ranked players are Reina Sabelanka and Alina Rabakina play for their shot at the championship. It's their third time playing each other in a grand slam final. And that's news when you want it with Bloomberg News Now. I'm Monica Ricks. And this is Bloomberg. Each morning, it's a new opportunity, a chance to start fresh. A first from MPR makes each morning an opportunity to learn and to understand. Choose to join the world every morning with up first, a podcast that hands you everything

6:16going on across the globe and down the street, all in 15 minutes or less. Start your day informed and a new with up first by subscribing wherever you get your podcasts. Each morning, it's a new opportunity, a chance to start fresh. A first from MPR makes each morning an opportunity to learn and to understand. Choose to join the world every morning with up first, a podcast that hands you everything going on across the globe and down the street, all in 15 minutes or less. Start your day informed and a new with up first by subscribing wherever you get your podcasts.