News when you want it with Bloomberg News Now.

I'm Doug Prisner.

President Trump is in Japan today for the second leg of his Asia tour.

Earlier, he met with Japanese Prime Minister Sona E.

Takaichi, and Trump hailed the US alliance with Japan in that meeting and praised taka Ichi on her plans to increase defense spending.

Here is Trump.

I know that you are increasing your military capacity very substantially, and we've received your orders for a very large amount of new military equipment.

And you know that we make the best military equipment in the world, the jets, the missiles, and everything else.

And hopefully we don't have to use them very much, if at all.

Now.

President Trump went on to say the US and Japan had overcome their trade disputes and would do tremendous trade together.

Trump and Tukichi also signed documents on trade and critical minerals.

However, the agreements remained ill defined, the trade document noting swift and continue new efforts, and the critical minerals packed pledging to coordinate on permitting, financing, and mapping.

Now.

The next stop in Trump's tour of Asia is South Korea for the APEC Summit, and it's there he is set to meet with Chinese President chi Jinping.

Nicholas Burns is former US Ambassador to China.

There might be seven or eight issues where they make commitments to each other, and it's good to make progress on these, but I think the tension between the United States on trade issues is going to continue past this meeting.

That's not a criticism of President Trump.

It's actually more criticism of the Chinese government and the fact that they've been extraordinarily difficult on these issues.

Overall, I'd say that this is a very competitive US China relationship.

Nicholas Burns there.

He is former US Ambassador to China.

It was optimism over a trade deal between those two countries that lifted the US equity market to all time highs.

Over the weekend, officials from China and the US met in Malaysia and they said they've reached a trade framework.

Sarah Hunt is chief market strategist at Alpine Woods Capital Investors.

I do think that there's an a de escalation of tensions because the rare earth thing was really has really been an issue ongoing for the last several months.

So I think that all those things together and the low CPI print on Friday really helped.

That is Sarah Hunt from Alpine Woods Capital Investors.

Amazon is planning to cut thousands of corporate jobs in several key departments.

We are told they include logistics, payments, video games, and Amazon's cloud computing unit.

Reuter's is reporting the terminations are expected to start as soon as Tuesday, and they could affect as many as thirty thousand workers.

Here is John Belton, portfolio manager for Gabelli Funds.

I think Amazon's a really interesting example of a large tech company that is both distributing AI infrastructure to customers through AWS, but is also using AI to make their own operations more profitable, both on the e commerce side in terms of what they're doing with advertising, but more interestingly what they're doing with automation across the fulfillment center network.

John Belton there from Gibelli Funds.

Shares and Amazon were up one point two percent in the regular session.

Next Era Energy is planning to restart a nuclear power plant in Iowa, primarily to supply electricity to Google data centers.

The Dwayne Arnold Energy Center is expected to begin delivering power by twenty twenty nine.

Next Era agreed to sell Google Electricity from Dwayne Arnold for twenty five years, and these companies also signed an agreement to explore development of new nuclear generation.

The Premiere of Ontario, Canada, Doug Ford, has declined to apologize for sponsoring an anti tariff television commercial cited by President Trump as a reason to terminate trade talks with Canada.

Ford's government ran the advertisement on US TV networks during Major League Baseball's World Series.

The ad did use excerpts from a nineteen eighty seven radio address by then President Ronald Reagan, where he argued against tariffs.

Now Trump reacted by saying he would hike tariffs on Canada by ten percent.

Here is Ford speaking to ABC News.

I don't regret it at all.

My intention was to make sure the American people were informed and have a conversation, and it really started a conversation.

We've seen over a billion or a billion impressions, meaning a billion views from around the world.

That is Ontario Premier Doug Ford speaking to ABC News.

He went on to say the advertisement was an excuse for President Trump to end trade talks with Canada.

Staying with trade Mexican President Claudia Sinbaum saying today the deadline for trade talks with the US has been extended by several weeks.

Shinbaum said she talked with President Trump over the weekend and they both agreed to extend talks to give these nations more time to reach a deal on non tariff trade barriers.

Here is Bloomberg's Tyler Kendall.

I went back to the first extension we saw, which was August first, ninety days would bring us to November first, which is why we're seeing this announcement now.

And at the time, President Trump had said that Mexico was going to give be given preferential treatment because of just how much trade it does with the US.

Of course, we haven't seen that extended as such to our northern North American neighbors when it comes to Canada.

Now, Mexico is currently facing a twenty five percent tariff when it comes to non USMCA compliant goods.

The threat on the table over the summer had been that that rate could ratchet up to thirty percent against Mexico.

So we're going to have to see how this unfolds.

That is Bloomberg's Tyler Kendall, and that is news when you want it with Bloomberg News Now, I'm Doug Chrisner, and this is Bloomberg