“Michael Bloomberg understands the public sector, the private sector and the non-profit sector and how to harness the power of all three to drive progress…I want to acknowledge (his) extraordinary leadership across all sectors in our society.”

That was U.S. House Minority Leader Nancy Pelosi as she introduced Mike Bloomberg at the Climate Action Summit on Thursday in San Francisco.

In his remarks, Bloomberg praised cities, states and companies across the U.S. for cutting carbon emissions and their continued fight against climate change as the Trump administration attempts to reverse progress.

“We’re going to keep fighting – and we’re going to keep winning,” Bloomberg said while underscoring how climate action is also good business. “California is a great example of how fighting climate change and growing the economy go hand in hand. That’s something we also saw in New York City. We created a record number of jobs while at the same time reducing our carbon footprint by 19 percent.”

As Hurricane Florence batters North Carolina with an 11 foot storm surge and 40 inches of rain and as a Super Typhoon approaches the Philippines and Hong Kong packing 170 mile per hour winds, a new report by the Mike Bloomberg and Jerry Brown-founded America’s Pledge revealed hope in climate progress despite the U.S. withdrawing from the Paris Climate Agreement.

Key headlines from the summit:
-Nearly 30 Megacities Announce Massive Cuts in Greenhouse Gas Emissions in Defiance of Trump at California Summit (The Independent)
-As Trump Retreats, Businesses Assume New Prominence in Fighting Climate Change (Los Angeles Times)
-U.S. on Track to Meet Some Paris Climate Goals, Report Says (Bloomberg)
-At the Global Climate Action Summit, Brown and Bloomberg Make Bold New Pledges (The Nation)
-U.S. Halfway to its 2025 Paris Agreement Goal (Xinhua)
-U.S. Making Progress on Paris Climate Goals, Despite Trump (New York Post)

Let’s get to the news:

Pleading Guilty: Former Trump Campaign Chairman Paul Manafort Agrees to Plead Guilty to Avoid New Washington Trial (Bloomberg)

Doing Good: Jeff Bezos Launches $2 Billion Fund to Help the Homeless (Bloomberg)

2020 Watch: Bloomberg Considering Presidential Run in 2020 as Democrat: Report (Fox News)

Two Koreas Agree to Demilitarize Joint Security Area Ahead of Summit (Korea Times)

The Transition: Goldman Dealmakers Wave Victory Flag as Solomon Picks His Team (Bloomberg)

Most Read on the Bloomberg: Deadly Gas Explosions Near Boston Put Focus on Pipeline Safety (Bloomberg)

Lehman Redux: 10 Things People Still Get Wrong About the Financial Crisis (Bloomberg Opinion – Barry Ritholtz)

Dining Section: Washington Finally Has a Michelin Three-Star Restaurant – A Classic: The Inn at Little Washington (Bloomberg)

Tech Tweet of the Day.

@TechAtBloomberg: While in town for @GCAS2018, @MikeBloomberg, our founder, visited our SF engineering office this afternoon for a fun chat with our developers

Best of Late Night.

“The only people the president feels he can really trust are family. Which explains why he starts a new family every few years.”
— James Corden, on Donald Trump Jr.’s remark that his father was increasingly suspicious of his close advisers

“Amazon is going to sell Christmas trees this year. Live seven-foot Christmas trees will be available this holiday season. It’s not enough that Amazon’s putting every store out of business, now they’re going after the vacant stores’ parking lots, too.”
— Jimmy Kimmel

“According to a nationwide customer survey, Americans have named Taco Bell as the best Mexican restaurant in the U.S. Said Mexico, ‘O.K., yeah, we’re ready for the wall. Just do it.’”
— Seth Meyers

For more best of late night from the New York Times, click here.