Ed Kalengi

News when you want it with Bloomberg News Now, I'm Ed Kalecki.

President Trump issued an order Friday reducing tariffs on beef, tomatoes, coffee and bananas, a move aimed at lowering costs on groceries as the administration faces pressure from voters to cut prices on everyday goods.

The exemptions would reduce trade levies on the commodities, which the White House said cannot be produced in the U.S.

in sufficient quantity to meet domestic demand.

Hundreds of food products, including coconuts, nuts, avocados, and pineapples, were among the products listed by the administration for exemption from tariffs.

The tariff breaks are backdated to take effect at 12.01 a.m.

New York time, November 13th.

And some relief at the airport.

The U.S.

Federal Aviation Administration has announced it will lower flight reductions to 3% from 6% beginning at 6 a.m.

Eastern Saturday morning.

The Justice Department announced it would launch an investigation into Jeffrey Epstein's ties to former President Bill Clinton, one-time Treasury Secretary Larry Summers, Democratic mega-donor Reid Hoffman, and JPMorgan Chase & Company at the public urging of Donald Trump.

Afternoon emails prompted questions about the current president's own relationship with the disgraced financier.

Attorney General Pam Bondi says she was tasking former Securities and Exchange Commission Chairman Jake Clayton

who is now the U.S.

Attorney for the Southern District of New York with the probe.

The U.S.

Attorney's Office in the Southern District is one of the most prestigious, responsible for prosecuting many high-profile financial crimes and cases involving Wall Street.

Politico is reporting House Republican leaders are planning to hold a vote Tuesday on legislation to force the release of federal files related to Jeffrey Epstein.

A bipartisan group of House lawmakers is urging the Senate to help come up with a deal to address the expiration of health care subsidies.