September 25, 2026: CNN Barred from Trump Trip, WSJ: Trump Rejects 7 Day Ceasefire, More

0:01 News when you want it with Bloomberg News Now. I'm Ed Kalecki. CNN reports the White House is refusing to allow CNN to travel on Air Force One to cover President Trump's trip to Tennessee Saturday. A White House schedule of the president's public itinerary for Saturday, released late Friday, lists no major U.S. television networks in either the in-town pool that covers him in Washington or out-of-town travel pool of journalists set to travel with Trump. CNN reported Friday evening that it had been scheduled to fly aboard Air Force One as the representative of the television networks but was left off the itinerary. The network declined to comment beyond its reporting. The White House did not immediately respond

0:41 to a request for comment. The Wall Street Journal reports President Trump has rejected Iran's proposal for a seven-day ceasefire and has told aides he expects to resume bombing Iran after the November midterms. Tehran's proposal would have reopened the Strait of Hormuz and resume nuclear talks in return for the U.S. lifting its blockade of Iranian ports, which is causing deep damage to the country's economy. Trump says openly Tehran is begging for a deal after the midterms that dismantles its nuclear program, but privately, Trump is skeptical Iran would meet his demands and has told his staff that he sees a renewed bombing campaign as likely. In an interview with CBS News, Iranian President Massoud Pazeshkin said, There

1:22 was an atmosphere of distrust between Iran and the U.S. when asked whether he would have been willing to meet with President Trump in New York this week, an idea raised by the U.S.

1:31 Leader.

1:33 President Trump says he would meet again with Chinese leader Xi Jinping in November, following what he said was a successful summit in Washington. Trump said this on a social media post Friday, we will be meeting again in November in China and then at the G20 in December in Miami. Much has been and will be accomplished. Trump's comments followed a summit in Washington with Xi that was seemingly light on concrete policy outcomes. Earlier Friday, U.S. Trade Representative Jameson Greer said the U.S. would announce agreements with China on trade in non-sensitive goods, which could be made public as soon as Monday. President Trump is upbeat about his meeting with Xi Jinping, but indications of progress on contentious issues

2:12 are yet to be heard. Sarah Schuman, former senior U.S. Trade Representative for China, explained why on Bloomberg's balance of power.

2:19 As someone who's spent a lot of time negotiating with China, every time we ask something of China, they will ask for something back. So if we saw very large deliverables that China was giving to the United States, you'd have to ask, what is it that the United States agreed to give to China? And all the things that China wants from the United States right now, very strategic, involve national security, and are frankly off the table.

2:41 Sarah Schuman, former senior U.S. trade representative for China. The Supreme Court Friday turned away an attempt to use a new Missouri congressional map backed by President Trump, putting an end to a long-running legal dispute as absentee voting is underway in the midterm elections. The justices halted a federal appeals court ruling that would have revived the Republican-friendly map for the November elections, which will determine control of Congress.

3:04 There were no noted dissents. The Supreme Court also reinstated President Trump's expansion of a federal database to help verify voter eligibility for the midterms. putting on hold a judge's finding that the government is misusing social security information and violating privacy rights. The decision, which came over dissents from the court's three liberals, means the administration can deploy the system in a run-up to the November midterm elections as Republicans defend their narrow congressional majority. The powerful Nor'easter headed to New England intensified Friday, generating storm force winds and creating massive waves along the East Coast that forecasters warn could create dangerous conditions through the weekend. Millions of people

3:45 were under warnings associated with the storm, which has already canceled concerts and prompted people on islands near Cape Cod to head to the mainland in the days ahead of the nor'easter's arrival. Dangerous flooding was expected along the mid-Atlantic coast, especially near New Jersey and Delaware. And New Jersey and New York have both issued states of emergency. A winning week for the U.S. stock market. That story from Bloomberg's Charlie Pellett.

4:09 For the week, the S & P 500 index gained 1.2%. Hopes for a diplomatic breakthrough in the Iran war drove oil prices lower, fueling a rebound in stocks and easing the Treasury volatility that has roiled financial markets around the world. Stocks held on to gains even after data showed U.S. consumer sentiment fell in September to a four-month low amid deepening worries about rising prices and the outlook for the economy.

4:36 For the week, the Dow was up 0.3%, NASDAQ this week was up for a second week, gaining 2.1%. In New York, Charlie Pellett, Bloomberg Radio.

4:46 OpenAI says it has notified dozens of organizations, including governments and universities, whose websites may have been hampered by visits from its artificial intelligence models during company evaluations of the technology. In an extensive blog post Friday, the company said it had notified a range of groups about cases in which its software may have bypassed an online service's security controls or hampered its availability, in situations where a misaligned AI model may have negatively impacted a website or service outside of OpenAI. The Friday numbers on Wall Street. The Dow added 478. NASDAQ gained 129. The S & P 500 up 39. The 10-year Treasury yield 5.16 percent. The two-year at 4.86 percent. That's news when you want it with

5:33 Bloomberg News Now. I'm Ed Kalecki. This is Bloomberg.