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President Trump rejected a Wall Street Journal report that the US had given approval for Ukraine to launch missiles deep into Russian territory.

In a post on truth Social Trump said the US has nothing to do with those missiles.

Meantime, the US announced sanctions on Russia's biggest oil producers in a statement the Treasury Department saying the move will degrade Russia's ability to raise revenue for its war machine, and they added Moscow must agree to immediate ceasefire with Ukraine.

Here's President Trump.

Today is a very big day in terms of what we're doing.

Look, these are tremendous sanctions.

These are very big.

Those are against their two big oil companies, and we hope that they won't be on for long.

We hope that the war will be settled.

Tesla's profit plunged more than expected as sharply rising costs undercut a record quarter of vehicle sales.

Adjusted earnings for fifty cents a share that's down thirty one percent from a year ago.

A revy of twenty eight point one billion dollars beat expectations Tessa's up.

Operating expenses, though sored fifty percent to three point four billion dollars in the quarter, while the company expects around four hundred million dollars of impact from US tariffs now.

In an earnings call, Elon Musk pleaded with investors to ratify his one trillion dollar pay package and blasted the shareholder advisory firms that have come out against the plan.

Here's Musk as he interrupted his CFO at the tail end of the earnings call.

Yeah, at the point is I just like that there needs to be enough voting control to give a strong influence, but not so much that I can't be fired if I go insane.

That's Elon Musk, CEO of Tesla, speaking there.

IBM reported disappointing revenue in its closely watched red Hat unit, sparking concerns among investors.

The company's third quarter sales in the hybrid cloud unit that includes red Hat increased fourteen percent, a slowdown from the previous period and below analyst's average estimate of sixteen percent.

While revenue decelerated, IBM says that they still feel very good about the growth opportunities in red Hat.

Overall, the Trump administration is weighing a support restrictions against China that would bar the purchase of a wide swath of critical software.

Philip drury Cio of Poolside says the Trump administration will reward companies that invest in the US.

You know, as long as US companies stay grounded in terms of making investments close to at home, then you know, I think ultimately relation to China is such an important economy.

You know, I'm certainly hopeful that you know, diplomacy on equitable grounds will ultimately win through.

That's Philip drewy Cio of Poolside, speaking to Bloomberg.

The US said the move is in retaliation for China's announced restrictions on the flow of critical rarest minerals needed to make numerous consumer products.

US Trade Representative Jamison Greer says he and Treasury Secretary Scott Bessont are headed to Malaysia for talks with Chinese officials ahead of a possible meeting between President Trump and Hijinping.

The two leaders are expected to meet at the APEX summit in South Korea, though specific day and time have yet to be announced.

There's a spot for it on the schedule if it happens.

Obviously, it's a mutual decision.

It's to where their president.

She and President Trump meet together.

Obviously, I think it makes sense to talk, especially at a time where there are a lot of measures in place by the Chinese.

But we'll see.

Trade Representative Jamison Greer telling CNBC China's recent announcement on rare earth export controls was aggressive, but he says there's a good landing zone for trade between the US and China.

The government shutdown is now officially the second longest in history.

The shutdown's economic disruption will deepen as civilian federal workers are set to miss their first full paycheck this Friday.

But on November one, funding shortfalls and deadlines for healthcare, military pay, and nutrition benefits will collide, potentially creating new bipartisan urgency for lawmakers to and the shutdown.

However, there's maybe some motion behind the scenes.

Representative Jason Smith, chair of the House Ways and Means Committee, telling Bloomberg Television that Republicans in both chambers are floating a stopgap funding bill that extends to December twenty twenty six.

Smith also said he would support a longer term stop gap measure.

I would support that until December first.

I think that that would allow more stability for our economy, stability for the American people.

The proposal is something that Smith said he's been hearing in conversations from Senators and from House members.

In New York City, the second mayoral debate has wrapped up Democratic nominees or On Memdannie, Independent candidate Andrew Cuomo, and Republican nominee Curtis Lee.

What took the stage?

Ma'm Donnie and Cuomo repeatedly clashed over their respective records and policies throughout the night.

Here's an exchange between Mamdanie and Cuomo.

We just had a former governor say in his own words that.

The city has been getting screwed by the state.

Who was leading the state?

It was you govern the state governors screwing this.

You come, Zora Memdanie and Andrew Cuomo speaking there.

The audio is courtesy of Spectrum News New York One.

This is the final debate among the candidates before early voting begins later in the week.

And that's news when you want it.

With Bloomberg News Now, I'm Dan Schwartzman, and this is Bloomberg