Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now, I'm Doug Krisner. In Washington, the Republican-led U.S. House has passed legislation aimed at ending President Trump's tariffs on Canada. Now, this signals a growing anxiety over the White House's economic agenda ahead of midterm elections focused heavily on affordability.
Passage by the House is not veto proof, meaning the vote was largely symbolic and a way to get lawmakers on the record for their support of these tariffs on Canadian goods. Here is Bloomberg's Derek Walbank.
These votes sort of represent an increase in political pressure on the president to change course just months before the midterm elections. They also, though, represent a big difficulty for some swing district Republicans whose districts may be heavily affected by tariffs. but who have to face a very real question about whether or not they want to cross the president on his signature issue.
That was Bloomberg's Derek Walbank. Now passage of this measure comes as President Trump privately weighs quitting the U.S.-Mexico-Canada trade pact. He signed during his first term. Also today, the House passed the Save America Act. This was backed by President Trump. The bill would change voting regulations by requiring proof of citizenship during voter registration.
It also significantly curtails mail-in voting. Here is House Speaker Mike Johnson.
proof of citizenship, and photo ID to vote. Everyone in the country understands the necessity of that, understands how simple it is and how important it is. And the only people that oppose it are people who want to cheat our system.
That is House Speaker Mike Johnson. Attorney General Pam Bondi was in the hot seat today before the House Judiciary Committee, and she was reprimanded by Democrats for using the DOJ to target enemies of President Trump. Bondi was also criticized for her handling of the Epstein files, including the many redactions made. Here is an exchange between Bondi and New York Congressman Jerry Nadler.
How many perpetrators are you even investigating?
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Chapter 2: What legislation did the House pass regarding tariffs on Canada?
I'm going to answer the question.
Answer my question.
No, I'm going to answer the question the way I want to answer the question.
No, you're going to answer the question the way I asked it.
Chairman Jordan, I'm not going to get in the gutter with these people, but I'm going to answer the question. How many have you indicted?
Now, Bondi also faced questions on President Trump's immigration crackdown, as well as the DOJ's attempt to gather voter data from various states. Columbia University said today it admitted a student to its dental school through an irregular process that coincided with fundraising solicitations to Jeffrey Epstein.
Messages about the admission were revealed in emails and documents released earlier by the DOJ. Now, Columbia said the communications captured in the files do not meet the school's standards for integrity and independence in admissions. And the university said the people who were involved in the fundraising discussions have been removed from administrative and volunteer leadership roles.
President Trump and Israeli Prime Minister Benjamin Netanyahu met today in Washington. Trump said he spoke about his intention to press ahead on talks with Iran. Trump also said his preference was to reach a deal with the Islamic Republic despite reservations from the Israeli leader. Netanyahu is pushing for limits on Iran's ballistic missile program and its support for militant groups.
Here is Bloomberg's Catherine Lucey.
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Chapter 3: How does the House's decision reflect political pressure on President Trump?
However, the company gave a weaker than expected forecast for profitability in the current quarter. Here is Bloomberg analyst Woo Chin Ho.
First of all, it's the gross margin results and the EPS guide, right? You're not getting the EPS bump relative to the revenue growth. So what it tells me is that the DRAM price spikes or the component issues are also continuing to hit Cisco.
That is Bloomberg analyst Wu Jin-ho. Shares in Cisco down by more than 7% in late U.S. trading. The star of the popular 90s teen drama series Dawson Creek has died. The family of James Van Der Beek announced his death on Instagram. In 2024, Van Der Beek revealed he was being treated for colorectal cancer. James Van Der Beek was 48. And that is news when you want it.
With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
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Chapter 4: What changes does the SAVE Act propose for voting regulations?
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