September 25, 2025 • 15 mins
On today's podcast:
1) The White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown. The move would represent a substantial escalation beyond normal shutdown protocols in recent years, under which government workers deemed nonessential in the case of a funding lapse were typically furloughed and eventually brought back when funding is restored — usually with back pay provided.
2) President Trump is scheduled to meet Pakistan’s Prime Minister Shehbaz Sharif at the White House, the latest sign of improving ties between the two nations. The meeting will be the first time Trump has hosted Sharif at the White House since the Pakistani leader took his country’s top office last year. It comes as relations between the US and Pakistan have been easing in recent months following years of tensions.
3) Jimmy Kimmel’s return to late-night TV on Tuesday drew 6.26 million viewers, Walt Disney Co.’s ABC network said in an emailed statement, the most ever in the show’s regular time slot. The total is significantly higher than the 1.55 million viewers Jimmy Kimmel Live! has averaged this year, according to Nielsen data. ABC suspended the program on Sept. 17 following comments the host made two nights earlier about the assassination of conservative activist Charlie Kirk.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good Morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with politics.
Speaker 4 (00:17):
With less than a week to go until a possible
government shut down, the White House is telling federal agencies
to make plans well beyond what they've done in the past.
Speaker 3 (00:26):
We get the story from Bloomberg's Genus Cervetti.
Speaker 5 (00:28):
The White House Budget Office is telling agencies to plan
for mass firings during a shutdown. In the past, government
workers deemed non essential have been furloughed and brought back
when funding is restored, usually with back pay. This time,
a White House memo is directing agencies to identify programs
with discretionary funding that's set to lapse, then draft plans
(00:49):
to eliminate jobs that don't align with Trump administration priorities.
House Minority Leader Hakeeen Jeffries posted on x that Democrats
won't be intimidated by the threat of mass firings. President
Trump canceled plans to meet with Democrats today on avoiding
a shutdown. Funds are set to lapse this Wednesday. Gina
Servetti Bloomberg Radio.
Speaker 2 (01:09):
Gina thank you at top judiciary official as warning federal
courts will run out of money to fully operate as
soon as next week if Congress fails to avoid a
government shutdown. Judge Robert Conrad says the judiciary has funds
to sustain operations through October third, but tight budgets have
reduced the ability to extend operations.
Speaker 4 (01:30):
Later today, Karen, President Trump meets with the leaders of
Turkey and Pakistan. He'll welcome Turkish president Retship tie Up
Ertawan late in the morning. Ertawan is helping to reset
ties that have been shaken by tariffs and Turkey's purchases
of Russian weapons. Turkish officials say today's meeting could clear
the path for more than fifty billion dollars of deals
on US liquified natural gas, Lockheed Martin fighter jets, and
(01:52):
Boeing planes. Then this afternoon, President Trump meets with Pakistan's
Prime Minister Shabaz Sharif. Pakistan's leaders have nominated President Trump
for the Nobel Peace Prize. They've credited him with brokering
a ceasefire with India in May. Pakistan has secured a
nineteen percent terrifreight with the US, much lower than India's
rate of fifty percent.
Speaker 2 (02:11):
Let's turn to Late Night Now, Nathan and Jimmy Kimmels
returned to TV drew his biggest audience ever. At the
same time, though ABC is preparing for a legal battle
and blimberge. John Tucker joins us with the details. John,
good morning, and Hey, let's start with those ratings for
the show. What did they show?
Speaker 6 (02:28):
Well, Karen, six point two six million people tuned in
to see Jimmy Kimme alive.
Speaker 7 (02:34):
We are back to work doing our show.
Speaker 6 (02:38):
Compare that to one point five to five million viewers
the show has averaged this year. This according to Nielsen Data. Well,
the numbers don't include viewers who watched the program on
streaming services, and the total was particularly high considering that
next Our Media and Sinclaire, two large owners of ABC affiliates,
didn't air the show. Together, they reach about twenty five
(03:00):
three percent of US households. Now, as far as the
legal issues, ABC parent Walt Disney preparing for President Trump
to retaliate the companies, anticipating the Trump administration might go
after its broadcast TV licenses. Disney's also seeking regulatory approval
from federal agencies for two deals, one to acquire media
assets from the NFL, another to merge with Pooboo TV
(03:23):
with its Hulu Live TV service. Last year, Disney did cave,
paying sixteen million dollars to settle a lawsuit brought by
the President over alleged defamatory comments made by ABC News
hosts George Stephanopoulos, You Know York on John Tucker Bloomberg Radio.
Speaker 4 (03:40):
All right, John, thank you, turning to the economy now.
Jobless claims, trade and durable goods orders will be released
later this morning, but the real market focus may be
on the enormous number of FED speakers we'll be hearing
from today. Let's get the details from Bloomberg's Michael McKee.
Speaker 8 (03:54):
By the end of this week, there should be no
question about where individual FED policymakers stand on rap cuts,
regulation and the dollar. Fourteen of the nineteen members of
the Rate Setting Open Market Committee are speaking, including seven today.
New Governor Stephen Myron leads off with an interview on
Bloomberg Radio this morning, followed by Chicago's Austin Goulsby, Kansas
Cities Jeffrey Schmid, Governors Mickey Bowman, and Michael Barr Lori
(04:17):
Logan of Dallas, and Mary Daily of San Francisco. What
will we learn if CHREMYN. Powell's comments earlier this week
are any indication. Maybe not much. We've not had much
in the way of economic data that could shape the
vote at the end of next month. Michael McKee Bloomberg Radio.
Speaker 2 (04:32):
San Francisco FED President Mary Daly says further interest rate
cuts are likely needed, but the Central Bank should approach
those with caution. Daily spoke at an event at the
University of Utah.
Speaker 9 (04:43):
Now, my own view is that further policy adjustments are likely.
Will they come right now this year, are going forward?
It's hard to say. But what's really important is that
making those policy adjustments will likely be required to balance
both of our goals. Keep pressure on inflation to bring
(05:03):
it to price stability, and offer support to the labor
market to ensure that it stays near full employment.
Speaker 2 (05:10):
San Francisco FED President Mary Daily says she fully supported
this Central Bank's decision less we to cut interest rates
for the first time since December.
Speaker 4 (05:18):
Looking at the equity markets this morning, Karen futures are
kind of taking a breather this morning, following back to
back losses on Wall Street. Amanda Agatti is chief Investment
Officer of Asset Management at P and C Banks.
Speaker 3 (05:29):
She remains bullish.
Speaker 10 (05:30):
With the FED and rate cutting mode here. The backdrop
is pretty supportive for markets, but I think at some point,
you know, things are going to get a little bit choppy.
You know, we can't be priced for perfection here in
a backdrop that is not necessarily perfect. But I do
think that the earnings growth backdrop in particular looks really
interesting and somewhat bullish heading into twenty twenty six.
Speaker 4 (05:55):
P and C Bank's Amanda Gotti says stocks may rise
another three to five percent by the end of this year.
Speaker 2 (06:00):
In company news, Nathan Intel shares are up another three
and a half percent this morning, following yesterday's six percent gain.
Bloomberg News has learned that chip maker is seeking an
investment from Apple. We're told it's part of Intel's effort
to bolster business now that it's partially owned by the
US government. Bloomberg's Ryan Gould broke the story.
Speaker 11 (06:20):
This obviously comes on the back of both the US
government investing in Intel directly one of its largest shareholders,
and also would potentially follow a five billion dollar investment
from both in Nvidia and a two billion dollar investment
from SoftBank. I guess one way to put this all
together is you know Intel is on the comeback.
Speaker 2 (06:41):
And Bloomber's Ryan Gould reports Intel also has reached out
to other companies about possible investments and partnerships.
Speaker 4 (06:48):
And Karen HSBC says it's made a tech breakthrough deploying
quantum computing in financial markets. The bank says it's the
first time real trades have been used at scale to
show the potential benefits of this emerging technology. Bloomberg's Tiwa
Autubio has more from London.
Speaker 12 (07:03):
Now, this wasn't live trading, it was a trial. It
was also a collaboration with IBM. They used their most
advanced heron quantum processor and they say that that shows
they're able to attain a thirty four percent improvement in
predicting how likely a bond will trade at a given price.
Speaker 4 (07:21):
That was Bloomberg's Tiwa Audobio.
Speaker 2 (07:28):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that were joined by Bloomberg's Michael Barr or
Michael good Morning, Good.
Speaker 13 (07:35):
Morning, Karen. The motives of a shooter who authorities say
opened fire from a roof on to a us ICE
location in Dallas remain unclear. The man used rifle to
kill one detainee and wound two others in a transport
man before taking his own life. The suspected gunman has
been identified as Joshua John and was twenty nine years old.
(07:56):
Authorities say he seemed to fire indiscriminately. The FBI said
ammunition found at the scene contained anti ICE messaging. Vice
President JD. Van spoke about deadly shooting, calling it politically motivated.
Speaker 14 (08:10):
You don't have to agree with Donald Trump's immigration policies,
but if your political rhetoric encourages violence against our law enforcement,
you can go straight to hell and you have no
place in the political conversation of the United States of America.
Speaker 13 (08:26):
House Minority Leader Hakim Jeffries also commented on the shooting,
saying the level of political violence in the country is
far too high.
Speaker 7 (08:34):
We need leadership that brings people together, not national leadership that.
Speaker 3 (08:41):
Tears people apart.
Speaker 13 (08:42):
Authority say no ICE agents were injured and the surviving
detainees are in critical condition. The NVPD arrested a man
after a tourist was killed and her husband was critically
injured after they were struck by a vehicle in midtown Manhattan.
It happened yesterday afternoon at fortieth Street and Fifth Anue.
According to police, a blue Toyota van hit the pedestrians,
(09:04):
believed to be tourists from Germany, and then fled the scene.
The woman, also in her fifties, died at the scene.
Her husband is in critical condition. The driver, a forty
year old man, was arrested at Eighth Avenue and West
thirty eighth Street. Palestinian leader Mak moved to Boss will
speak before the UN General Assembly today. The Boss will
(09:25):
speak virtually. Yesterday, Ukraine's President vladimir's Lenski told the UN
that international diplomacy is failing his country and that the
only way to stop the fighting is to fight back militarily.
Speaker 15 (09:37):
As Russia's war against my country goes on, people are
still dying every week, Yet there is no cease fire
because Russia refuses.
Speaker 13 (09:49):
Global news twenty four hours a day and whenever you
want it with the Bloomberg News. Now now, Michael Barn,
this is Bloomberg.
Speaker 6 (09:55):
Karen.
Speaker 2 (09:55):
Thanks Michael, time now for our Bloomberg Sports Update, and
for that we bring John Stashauers.
Speaker 16 (10:01):
Thanks, Garrener's a big knight for American laying home run hitters.
In New York, Aaron Judge two home runs numbers fifty
and fifty one on the season. The Yankees beat the
White Sox nine to one and they move into a
tie for first place in the AL East with Toronto.
And then in Seattle, Cal Riley with two home runs
numbers fifty nine and sixty the Mariners beat the Rockies
nine to two. They've won sixty to the last seventeen.
(10:23):
Seattle has clinched the AL West. They're three teams vying
to make the last playoff spot in the National League.
Speaker 3 (10:28):
All lost.
Speaker 16 (10:28):
The Mets remade one game ahead of the Reds and Diamondbacks.
Speaker 3 (10:31):
That's the Bloomberg Sports Update.
Speaker 2 (10:34):
Stay with us more from Bloomberg day Break coming up
after this.
Speaker 1 (10:42):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 3 (10:52):
Good morning, I'm Nathan Hager.
Speaker 4 (10:54):
Six days to go until a possible government shut down
in Washington, and the White House is apparently telling agencies
to make more drastic preparations than they've done before. A
memo has gone out calling for mass firings if they
can't reach an agreement with Democrats by Wednesday. House Minordi
Leader Hakim Jeffrey says Democrats are still willing to negotiate.
Speaker 7 (11:13):
If the government shuts down, it will shut down because
Donald Trump and Republicans in the House and the Senate
have made that decision so intentionally inflict pain on the
American people.
Speaker 3 (11:24):
It was House Minoriti Leader Hakim Jeffries.
Speaker 4 (11:26):
For more on this, we're joined by Bloomberg News editor
Alexander Pearson and Alexando In the past, when there have
been government shut downs, the non essential workers get furloughed
and then when the funding comes back, they usually get
back pay. But this memo about mass firings does seem
to take things pretty far.
Speaker 17 (11:44):
Good morning, Yeah, good morning, Nathan, thanks for having me. Yeah,
that's right. Previously, non essential workers usually we get furlowed
in this kind of situation and then return and get
back pay. But this memo from the Office of Management
and Budget, which was sent out yesterday to federal agencies
actually outlines or actually asked for plans to fire those
(12:05):
non essential workers or at least some of them, but
are not aligned with Trump administration priorities. If there is
no government funding resolution by the end of the month,
and that certainly is you know, new and quite a
significant move by this administration.
Speaker 4 (12:21):
Of course, this comes just a couple of days after
President Trump was set to meet with Democrats at the
White House to try to come to some kind of
impass around the healthcare demands that Democrats have made.
Speaker 3 (12:32):
That meeting has been called off.
Speaker 4 (12:35):
Could we view this as potentially a negotiating tactic on
the White House's part.
Speaker 17 (12:40):
Yeah, I think that's accurate. I think this is most
likely an attempt by the administration to up the ante
on Congressional Democrats who haven't budged from the provisions that
they want to add to the stopgap measure to fund
the government. And certainly, you know, if Democrats will not
be wanted to be seen to be the party that
(13:02):
a were associated with the government shut down, but also
a government shutdown that could lead to mass firings of
federal employees, especially after all of the firings that have
occurred in the federal government since the Trump administration took
office in January.
Speaker 4 (13:15):
Yeah, and we've seen reports that those firings have been
reversed in some cases that some agencies may have felt
like the layoffs went too far. Where are Democrats on
this right now? What is the reaction from the Democratic
Party to this memo?
Speaker 17 (13:32):
Right now? The reaction has been, you know, understandably hostile.
Hakim Jeffries tweeted out overnight responding to a report on
this memo that you know, this was unacceptable was essentially
his message to Russell Void, the head of the Office
of Management and Budget. So their message is very much,
(13:52):
you know, we're not intimidated by this tactic. We're going
to continue making the demands that we've been making to
fund the government past September thirtieth. So that's the message
right now. Whether you know they'll be able to stick
to that for the next few days, you know, which
we have.
Speaker 4 (14:08):
To see and in just thirty seconds, I mean, if
this layoff a process goes forward, I.
Speaker 3 (14:13):
Mean that could have a major economic impact, couldn't it.
Speaker 17 (14:16):
That's true? Yeah, I mean, you know, government spending obviously
makes up quite a significant chunk of economic activity, particularly
the federal government. So you know, the longer a shutdown
drives on, the more of an impact it can have
on overall economic activity. So you know, both sides will
ultimately want to come to a resolution if it comes
to a shutdown, but obviously they want to avoid a
(14:39):
shutdown to begin with. So the next few days are
going to be very interesting to see who might, you know,
compromise first to try and get.
Speaker 13 (14:45):
To a resolution.
Speaker 2 (14:47):
This is Bloombery Daybreak, your morning podcast and the stories
making news from Wall Street to Washington and beyond.
Speaker 4 (14:54):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else.
Speaker 2 (15:00):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Speaker 4 (15:15):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android auto interfaces.
Speaker 2 (15:20):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less search Bloomberg News now on your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
Speaker 3 (15:33):
And I'm Nathan Hager.
Speaker 4 (15:35):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Day
Ray
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good Morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with politics.
Speaker 4 (00:17):
With less than a week to go until a possible
government shut down, the White House is telling federal agencies
to make plans well beyond what they've done in the past.
Speaker 3 (00:26):
We get the story from Bloomberg's Genus Cervetti.
Speaker 5 (00:28):
The White House Budget Office is telling agencies to plan
for mass firings during a shutdown. In the past, government
workers deemed non essential have been furloughed and brought back
when funding is restored, usually with back pay. This time,
a White House memo is directing agencies to identify programs
with discretionary funding that's set to lapse, then draft plans
(00:49):
to eliminate jobs that don't align with Trump administration priorities.
House Minority Leader Hakeeen Jeffries posted on x that Democrats
won't be intimidated by the threat of mass firings. President
Trump canceled plans to meet with Democrats today on avoiding
a shutdown. Funds are set to lapse this Wednesday. Gina
Servetti Bloomberg Radio.
Speaker 2 (01:09):
Gina thank you at top judiciary official as warning federal
courts will run out of money to fully operate as
soon as next week if Congress fails to avoid a
government shutdown. Judge Robert Conrad says the judiciary has funds
to sustain operations through October third, but tight budgets have
reduced the ability to extend operations.
Speaker 4 (01:30):
Later today, Karen, President Trump meets with the leaders of
Turkey and Pakistan. He'll welcome Turkish president Retship tie Up
Ertawan late in the morning. Ertawan is helping to reset
ties that have been shaken by tariffs and Turkey's purchases
of Russian weapons. Turkish officials say today's meeting could clear
the path for more than fifty billion dollars of deals
on US liquified natural gas, Lockheed Martin fighter jets, and
(01:52):
Boeing planes. Then this afternoon, President Trump meets with Pakistan's
Prime Minister Shabaz Sharif. Pakistan's leaders have nominated President Trump
for the Nobel Peace Prize. They've credited him with brokering
a ceasefire with India in May. Pakistan has secured a
nineteen percent terrifreight with the US, much lower than India's
rate of fifty percent.
Speaker 2 (02:11):
Let's turn to Late Night Now, Nathan and Jimmy Kimmels
returned to TV drew his biggest audience ever. At the
same time, though ABC is preparing for a legal battle
and blimberge. John Tucker joins us with the details. John,
good morning, and Hey, let's start with those ratings for
the show. What did they show?
Speaker 6 (02:28):
Well, Karen, six point two six million people tuned in
to see Jimmy Kimme alive.
Speaker 7 (02:34):
We are back to work doing our show.
Speaker 6 (02:38):
Compare that to one point five to five million viewers
the show has averaged this year. This according to Nielsen Data. Well,
the numbers don't include viewers who watched the program on
streaming services, and the total was particularly high considering that
next Our Media and Sinclaire, two large owners of ABC affiliates,
didn't air the show. Together, they reach about twenty five
(03:00):
three percent of US households. Now, as far as the
legal issues, ABC parent Walt Disney preparing for President Trump
to retaliate the companies, anticipating the Trump administration might go
after its broadcast TV licenses. Disney's also seeking regulatory approval
from federal agencies for two deals, one to acquire media
assets from the NFL, another to merge with Pooboo TV
(03:23):
with its Hulu Live TV service. Last year, Disney did cave,
paying sixteen million dollars to settle a lawsuit brought by
the President over alleged defamatory comments made by ABC News
hosts George Stephanopoulos, You Know York on John Tucker Bloomberg Radio.
Speaker 4 (03:40):
All right, John, thank you, turning to the economy now.
Jobless claims, trade and durable goods orders will be released
later this morning, but the real market focus may be
on the enormous number of FED speakers we'll be hearing
from today. Let's get the details from Bloomberg's Michael McKee.
Speaker 8 (03:54):
By the end of this week, there should be no
question about where individual FED policymakers stand on rap cuts,
regulation and the dollar. Fourteen of the nineteen members of
the Rate Setting Open Market Committee are speaking, including seven today.
New Governor Stephen Myron leads off with an interview on
Bloomberg Radio this morning, followed by Chicago's Austin Goulsby, Kansas
Cities Jeffrey Schmid, Governors Mickey Bowman, and Michael Barr Lori
(04:17):
Logan of Dallas, and Mary Daily of San Francisco. What
will we learn if CHREMYN. Powell's comments earlier this week
are any indication. Maybe not much. We've not had much
in the way of economic data that could shape the
vote at the end of next month. Michael McKee Bloomberg Radio.
Speaker 2 (04:32):
San Francisco FED President Mary Daly says further interest rate
cuts are likely needed, but the Central Bank should approach
those with caution. Daily spoke at an event at the
University of Utah.
Speaker 9 (04:43):
Now, my own view is that further policy adjustments are likely.
Will they come right now this year, are going forward?
It's hard to say. But what's really important is that
making those policy adjustments will likely be required to balance
both of our goals. Keep pressure on inflation to bring
(05:03):
it to price stability, and offer support to the labor
market to ensure that it stays near full employment.
Speaker 2 (05:10):
San Francisco FED President Mary Daily says she fully supported
this Central Bank's decision less we to cut interest rates
for the first time since December.
Speaker 4 (05:18):
Looking at the equity markets this morning, Karen futures are
kind of taking a breather this morning, following back to
back losses on Wall Street. Amanda Agatti is chief Investment
Officer of Asset Management at P and C Banks.
Speaker 3 (05:29):
She remains bullish.
Speaker 10 (05:30):
With the FED and rate cutting mode here. The backdrop
is pretty supportive for markets, but I think at some point,
you know, things are going to get a little bit choppy.
You know, we can't be priced for perfection here in
a backdrop that is not necessarily perfect. But I do
think that the earnings growth backdrop in particular looks really
interesting and somewhat bullish heading into twenty twenty six.
Speaker 4 (05:55):
P and C Bank's Amanda Gotti says stocks may rise
another three to five percent by the end of this year.
Speaker 2 (06:00):
In company news, Nathan Intel shares are up another three
and a half percent this morning, following yesterday's six percent gain.
Bloomberg News has learned that chip maker is seeking an
investment from Apple. We're told it's part of Intel's effort
to bolster business now that it's partially owned by the
US government. Bloomberg's Ryan Gould broke the story.
Speaker 11 (06:20):
This obviously comes on the back of both the US
government investing in Intel directly one of its largest shareholders,
and also would potentially follow a five billion dollar investment
from both in Nvidia and a two billion dollar investment
from SoftBank. I guess one way to put this all
together is you know Intel is on the comeback.
Speaker 2 (06:41):
And Bloomber's Ryan Gould reports Intel also has reached out
to other companies about possible investments and partnerships.
Speaker 4 (06:48):
And Karen HSBC says it's made a tech breakthrough deploying
quantum computing in financial markets. The bank says it's the
first time real trades have been used at scale to
show the potential benefits of this emerging technology. Bloomberg's Tiwa
Autubio has more from London.
Speaker 12 (07:03):
Now, this wasn't live trading, it was a trial. It
was also a collaboration with IBM. They used their most
advanced heron quantum processor and they say that that shows
they're able to attain a thirty four percent improvement in
predicting how likely a bond will trade at a given price.
Speaker 4 (07:21):
That was Bloomberg's Tiwa Audobio.
Speaker 2 (07:28):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that were joined by Bloomberg's Michael Barr or
Michael good Morning, Good.
Speaker 13 (07:35):
Morning, Karen. The motives of a shooter who authorities say
opened fire from a roof on to a us ICE
location in Dallas remain unclear. The man used rifle to
kill one detainee and wound two others in a transport
man before taking his own life. The suspected gunman has
been identified as Joshua John and was twenty nine years old.
(07:56):
Authorities say he seemed to fire indiscriminately. The FBI said
ammunition found at the scene contained anti ICE messaging. Vice
President JD. Van spoke about deadly shooting, calling it politically motivated.
Speaker 14 (08:10):
You don't have to agree with Donald Trump's immigration policies,
but if your political rhetoric encourages violence against our law enforcement,
you can go straight to hell and you have no
place in the political conversation of the United States of America.
Speaker 13 (08:26):
House Minority Leader Hakim Jeffries also commented on the shooting,
saying the level of political violence in the country is
far too high.
Speaker 7 (08:34):
We need leadership that brings people together, not national leadership that.
Speaker 3 (08:41):
Tears people apart.
Speaker 13 (08:42):
Authority say no ICE agents were injured and the surviving
detainees are in critical condition. The NVPD arrested a man
after a tourist was killed and her husband was critically
injured after they were struck by a vehicle in midtown Manhattan.
It happened yesterday afternoon at fortieth Street and Fifth Anue.
According to police, a blue Toyota van hit the pedestrians,
(09:04):
believed to be tourists from Germany, and then fled the scene.
The woman, also in her fifties, died at the scene.
Her husband is in critical condition. The driver, a forty
year old man, was arrested at Eighth Avenue and West
thirty eighth Street. Palestinian leader Mak moved to Boss will
speak before the UN General Assembly today. The Boss will
(09:25):
speak virtually. Yesterday, Ukraine's President vladimir's Lenski told the UN
that international diplomacy is failing his country and that the
only way to stop the fighting is to fight back militarily.
Speaker 15 (09:37):
As Russia's war against my country goes on, people are
still dying every week, Yet there is no cease fire
because Russia refuses.
Speaker 13 (09:49):
Global news twenty four hours a day and whenever you
want it with the Bloomberg News. Now now, Michael Barn,
this is Bloomberg.
Speaker 6 (09:55):
Karen.
Speaker 2 (09:55):
Thanks Michael, time now for our Bloomberg Sports Update, and
for that we bring John Stashauers.
Speaker 16 (10:01):
Thanks, Garrener's a big knight for American laying home run hitters.
In New York, Aaron Judge two home runs numbers fifty
and fifty one on the season. The Yankees beat the
White Sox nine to one and they move into a
tie for first place in the AL East with Toronto.
And then in Seattle, Cal Riley with two home runs
numbers fifty nine and sixty the Mariners beat the Rockies
nine to two. They've won sixty to the last seventeen.
(10:23):
Seattle has clinched the AL West. They're three teams vying
to make the last playoff spot in the National League.
Speaker 3 (10:28):
All lost.
Speaker 16 (10:28):
The Mets remade one game ahead of the Reds and Diamondbacks.
Speaker 3 (10:31):
That's the Bloomberg Sports Update.
Speaker 2 (10:34):
Stay with us more from Bloomberg day Break coming up
after this.
Speaker 1 (10:42):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 3 (10:52):
Good morning, I'm Nathan Hager.
Speaker 4 (10:54):
Six days to go until a possible government shut down
in Washington, and the White House is apparently telling agencies
to make more drastic preparations than they've done before. A
memo has gone out calling for mass firings if they
can't reach an agreement with Democrats by Wednesday. House Minordi
Leader Hakim Jeffrey says Democrats are still willing to negotiate.
Speaker 7 (11:13):
If the government shuts down, it will shut down because
Donald Trump and Republicans in the House and the Senate
have made that decision so intentionally inflict pain on the
American people.
Speaker 3 (11:24):
It was House Minoriti Leader Hakim Jeffries.
Speaker 4 (11:26):
For more on this, we're joined by Bloomberg News editor
Alexander Pearson and Alexando In the past, when there have
been government shut downs, the non essential workers get furloughed
and then when the funding comes back, they usually get
back pay. But this memo about mass firings does seem
to take things pretty far.
Speaker 17 (11:44):
Good morning, Yeah, good morning, Nathan, thanks for having me. Yeah,
that's right. Previously, non essential workers usually we get furlowed
in this kind of situation and then return and get
back pay. But this memo from the Office of Management
and Budget, which was sent out yesterday to federal agencies
actually outlines or actually asked for plans to fire those
(12:05):
non essential workers or at least some of them, but
are not aligned with Trump administration priorities. If there is
no government funding resolution by the end of the month,
and that certainly is you know, new and quite a
significant move by this administration.
Speaker 4 (12:21):
Of course, this comes just a couple of days after
President Trump was set to meet with Democrats at the
White House to try to come to some kind of
impass around the healthcare demands that Democrats have made.
Speaker 3 (12:32):
That meeting has been called off.
Speaker 4 (12:35):
Could we view this as potentially a negotiating tactic on
the White House's part.
Speaker 17 (12:40):
Yeah, I think that's accurate. I think this is most
likely an attempt by the administration to up the ante
on Congressional Democrats who haven't budged from the provisions that
they want to add to the stopgap measure to fund
the government. And certainly, you know, if Democrats will not
be wanted to be seen to be the party that
(13:02):
a were associated with the government shut down, but also
a government shutdown that could lead to mass firings of
federal employees, especially after all of the firings that have
occurred in the federal government since the Trump administration took
office in January.
Speaker 4 (13:15):
Yeah, and we've seen reports that those firings have been
reversed in some cases that some agencies may have felt
like the layoffs went too far. Where are Democrats on
this right now? What is the reaction from the Democratic
Party to this memo?
Speaker 17 (13:32):
Right now? The reaction has been, you know, understandably hostile.
Hakim Jeffries tweeted out overnight responding to a report on
this memo that you know, this was unacceptable was essentially
his message to Russell Void, the head of the Office
of Management and Budget. So their message is very much,
(13:52):
you know, we're not intimidated by this tactic. We're going
to continue making the demands that we've been making to
fund the government past September thirtieth. So that's the message
right now. Whether you know they'll be able to stick
to that for the next few days, you know, which
we have.
Speaker 4 (14:08):
To see and in just thirty seconds, I mean, if
this layoff a process goes forward, I.
Speaker 3 (14:13):
Mean that could have a major economic impact, couldn't it.
Speaker 17 (14:16):
That's true? Yeah, I mean, you know, government spending obviously
makes up quite a significant chunk of economic activity, particularly
the federal government. So you know, the longer a shutdown
drives on, the more of an impact it can have
on overall economic activity. So you know, both sides will
ultimately want to come to a resolution if it comes
to a shutdown, but obviously they want to avoid a
(14:39):
shutdown to begin with. So the next few days are
going to be very interesting to see who might, you know,
compromise first to try and get.
Speaker 13 (14:45):
To a resolution.
Speaker 2 (14:47):
This is Bloombery Daybreak, your morning podcast and the stories
making news from Wall Street to Washington and beyond.
Speaker 4 (14:54):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else.
Speaker 2 (15:00):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Speaker 4 (15:15):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android auto interfaces.
Speaker 2 (15:20):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less search Bloomberg News now on your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
Speaker 3 (15:33):
And I'm Nathan Hager.
Speaker 4 (15:35):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Day
Ray
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.