Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

US job growth topped expectations in September but the unemployment rate continued its march higher, underscoring the lingering fragility of the labor market.

The Bureau of Statistic’s latest jobs report, long delayed due to the government shutdown, showed nonfarm payrolls rose 119,000 in the month after declining in August. The unemployment rate, meanwhile, rose to its highest level in nearly four years — reflecting both the positive dynamic of more Americans participating in the workforce and the gloomier reality of more people losing their jobs.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Michelle Jamrisko is in for Kailey. Joe and Michelle speak with:

• Bloomberg Economics Chief US Economist Anna Wong.
• Ipsos US Public Affairs Chair Cliff Young.
• Stonecourt Capital Partner Rick Davis and ROKK Solutions Partner Kristen Hawn.
• Republican Congressman Andrew Garbarino of New York.

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he would formally designate Saudi Arabia as a major non-NATO ally in a further strengthening of ties between the two countries, capping a day of dealmaking between the US leader and the kingdom’s Crown Prince Mohammed bin Salman.

“I’m pleased to announce that we’re taking our military cooperation to even greater heights,” Trump said at a White House dinner in honor of the 40-year-old royal. This is “something that is very important to them,” he added.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Michelle Jamrisko is in for Kailey. Joe and Michelle speak with:

• Carnegie Endowment for International Peace Senior Fellow Aaron David Miller.
• Former Defense Department Analyst Anna Ashton.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

US President Donald Trump said Saudi Arabia’s Crown Prince Mohammed bin Salman “knew nothing about” the murder of Washington Post columnist Jamal Khashoggi, as the pair met to announce a deepening of economic ties at the White House.

“A lot of people didn’t like that gentleman that you’re talking about,” Trump said when asked about Khashoggi alongside the Saudi prince in the Oval Office. “Whether you like him or didn’t like him, things happen, but he knew nothing about it, and we can leave it at that.”

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Michelle Jamrisko is in for Kailey. Joe and Michelle speak with:

• Bloomberg News Senior Editor Michael Shepard.
• Former Democratic Congresswoman Jane Harman of California.
• Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and BGR Group Principal Lester Munson.
• Former Republican Congressman Denver Riggleman of Virginia.

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A preview of what a final leverage ratio rule -- which we think will be released before the end of the year -- led Bloomberg Intelligence's Washington Policy Pulse on Nov. 17. The change will likely cut Tier 1 capital for banks like Morgan Stanley, Goldman Sachs and Bank of America. We also discussed chances of a crypto bill passing in 4Q -- key for platforms like Coinbase and Robinhood. We also discussed the potential for $13 billion of aid for US farmers as well as a status update on the National Defense Authorization Act.

The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C.

The call is open to all and is held every Monday at 10:00 a.m. EST. You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registration

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said House Republicans should vote to require the Justice Department to release its files on Jeffrey Epstein, effectively reversing a position he’d held for months.

“House Republicans should vote to release the Epstein files, because we have nothing to hide, and it’s time to move on,” Trump posted Sunday on social media as he returned to the White House from a weekend in Florida. “The House Oversight Committee can have whatever they are legally entitled to, I DON’T CARE!”

Trump has been under increasing pressure from some within his party to release the investigative materials on the disgraced financier, who ran an underage sex ring and died in prison in 2019.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Michelle Jamrisko is in for Kailey. Joe and Michelle speak with:

• Bloomberg News Senior Editor Wendy Benjaminson.
• The Washington Institute for Near East Policy Distinguished Fellow James Jeffrey.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow.
• Bloomberg Intelligence Senior Commodities Strategist Mike McGlone.
• Democratic Congresswoman Gwen Moore of Wisconsin.

See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump is slated to sign an order on Friday reducing tariffs on beef, tomatoes, coffee and bananas, according to a White House official, 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 can’t be produced in the US in sufficient quantity to meet domestic demand. The exact scope of the tariff reduction, how many total goods are included and how widely it would apply, were not immediately clear.

The move comes as Trump has pivoted to focusing on affordability measures as voters are growing increasingly wary of the economy under his leadership. It is also a tacit acknowledgment that the president’s tariff policies have added to price pressures on US consumers.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg Economics US Economist Stuart Paul.
• Former Republican Congresswoman Barbara Comstock.
• ROKK Solutions Partner and Democratic Strategist Kristen Hawn.
• Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.

See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump signed legislation to end the longest government shutdown in US history, marking the official conclusion to a 43-day impasse that halted food aid to millions of households, canceled thousands of flights and forced federal workers to go unpaid for more than a month.

Trump’s signature means the government can begin to resume normal operations, with federal workers expected back on the job starting Thursday.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg Washington Deputy Bureau Chief Laura Davison.
• Democratic Congressman Brad Sherman of California.
• Bloomberg Congressional Reporter Steven Dennis and Bloomberg US Treasury Reporter Dan Flatley.
• Stonecourt Capital Partner Rick Davis and Bellweather Government Affairs CEO Arshi Siddiqui.

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Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

US House lawmakers return to Washington on Wednesday for a vote to end the 43-day government shutdown, which has snarled air travel, delayed food aid to millions of Americans and forced federal workers to go without pay.

House Speaker Mike Johnson said he believes the legislation, a hard-fought compromise forged in the Senate and blessed by President Donald Trump, will pass quickly. But he’ll have to keep his fractious party in line in the face of stiff opposition from House Democrats whose leaders are urging them to vote against the legislation.

The problems caused by the shutdown, the longest in US history, have worsened in recent days, adding urgency to efforts to find a political resolution.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Groundwork Collaborative Managing Director of Policy and Advocacy Liz Pancotti.
• Democratic Congressman Ro Khanna of California.

See omnystudio.com/listener for privacy information.