News when you want it with Bloomberg News Now, I'm Doug Prisner.

Donald Trump and Chi Chen Ping spoke today for the first time since their tear offf truths last month.

The President's discussed trade or in Ukraine and Taiwan.

Now, this call took place as China is engaged in a diplomatic offensive against Japan.

After Prime Minister Takeichi commented on a possible Taiwan contingency a short while ago.

Take Iichi said she spoke with President Trump regarding his call with she at Trump's request, here is Bloomberg's Yoshiaki Nahara.

So it's a good sign that if it's you know, indeed there was initiated by the White House, because the last thing for Japan is that you know, it will be left behind in terms of what's happening in terms of communication between the US and China.

But please, the Taki got a home call from Trump, so that's a good sign at tweast, showing that she definitely got attention and probably support from the Trump administration of this important evolving issue that.

Is Bloomberg's yoshi Aki Nahara.

Meantime, Japan's inbound tourism is now under pressure.

We have learned cancelation of Chinese flight bookings to Japan have accelerated, and airlines have begun reducing their capacity.

Analysts say a prolonged downturn could redirect Chinese air traffic to alternative destinations places such as South Korea, Vietnam, and Malaysia.

A federal judge has dismissed charges against former FBI Director James Komi and New York Attorney General Letitia James.

The judge found the prosecutor who brought these cases had been illegally appointed.

US District Judge Cameron McGowan.

Curry said the appointment of Lindsay Halligan as interim US Attorney for the Eastern District of Virginia was unlawful, and she dismissed the charges against Komi and James without prejudice, which means prosecutors could potentially refiled these cases.

Here is Bloomberg Politics contributor Genie Shanzeno.

I think it is a reflection of the fact that this administration, the president in particular, they have prized bealty to the president versus expertise.

And of course what we had here was the appointment of somebody to this office in Lindsay Halligan, who didn't have the experience.

A smart woman, a woman very capable, but hadn't had this experience before a grand jury, and the number of missteps that, by all accounts occurred in that grand jury.

I don't think this is a surprise.

That was Bloomberg Politics contributor Genie Shanzeno.

Now lawyers for Letitia James said they will continue to challenge any further politically motivated charges through every lawful means available.

A short while ago, Russia launched a combined missile and drone attack on Ukraine, concentrated heavily on the capital city of Kiev.

This came just hours after President Trump struck a positive tone on the prospects for a ceasefire deal.

Earlier today, Ukraine and its European allies signaled that key sticking points remain in peace talks broker by the US.

Here is Ukrainian President Voladimir Zelensky.

Of course, we all continue working with podcasts, especially in the United States, and look for compromises that strengthen but not weaken us.

That was Ukrainian President Volodimir Zelenski.

Now, Ukrainian and US officials say They have worked over details of a piece blueprint, narrowing it down to a list of nineteen proposals.

Both Washington and Kiev will continue discussions in the coming days.

The US is applying new pressure on the European Union when it comes to trade.

Commerce Secretary Howard Lutnik says the EU will need to change its digital regulations to reach a deal on lowering steel and aluminum tariffs.

They would like to have steel and aluminum as part part of this package, and we think it is very, very.

Important that they understand our digital companies and they reconsider their digital regulation.

Comer Secretary Howard Lutnik, speaking earlier on Bloomberg's surveillance, he was in Brussels on his first visit there since the US reached a trade framework deal with the EU back in July.

Investors are boosting bets on the FED cutting interest rates next month.

Here is FED Governor Chris Waller.

The labor market is soft, it's continuing to weaken.

Inflation didn't turn out to be quite as bad as we got when we got the CPI report when we look forward, so in that sense, for me, I don't think inflation is a big problem going forward, it's going to start pulling back.

That is FED Governor Chris Waller, speaking on Fox Business.

He also said the Fed could take a meeting by meeting approach in January as more official economic day to come in.

Waller, incidentally is a candidate to become the next chair of the Federal Reserve.

We also heard today from the head of the San Francisco Fed, Mary Daily.

She told the Wall Street Journal she supports lowering the policy rate in December due to a sudden deterioration in the job market.

And that is news when you want it with Bloomberg News.

Now, I'm deug prisoner, and this is Bloomberg