October 3, 2025 • 4 mins
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Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
Monica Ricks Sean Ditty. Combs is now closer to learning
his fate. The music moguls spent the day in court
in New York ahead of his sentencing on two prostitution
related charges. The judges hearing from prosecutors, defense attorneys, as
well as Comb's children and did. He's been pretty emotional,
sobbing at times when the defense played an eleven minute
(00:22):
video that showed moments of Comb's playing with his kids,
doing charitable work, even mourning his late partner, Kim Porter
Did he faces more than a decade behind bars. Defense
Secretary Pete Hegseth says the US military has struck another
small boat near Venezuela, believed to be carrying drugs. Four
people were killed. White House Press Secretary Caroline Levitt called
(00:42):
the action entirely justifiable.
Speaker 2 (00:45):
The President has been very clear at dating back to
the campaign trill that he is always going to do
what's in the best interests of the American homeland, and
he also promised the American people he was going to
drug end the drug epidemic that has taken far too
many American lives and you're seeing those actions play out
almost every single day.
Speaker 1 (01:01):
Seventeen people have died in three previous attacks. President Trump
has set a Sunday night deadline for Hamas to agree
to a deal to end the war in Gaza, or
all hell will break loose against the terror group that
warning on truth Social today. The proposal includes an immediate
ceasefire and the release of all remaining hostages. Day three
of the government shutdown, and Senators just voted down another
(01:23):
attempt to pass a stopgap spending bill, with Democrats holding
firm on demands to extend healthcare subsidies. House Minority Leader
Hakim Jeffries blames Republicans for the stalemate.
Speaker 3 (01:34):
Donald Trump and the Republicans are not behaving responsibly. They're
not behaving in a serious manner. They don't want to
reopen the government, and they certainly do not want to
address the healthcare crisis that Republicans have created throughout this year,
including as it relates to their one Big Ugly bill.
Speaker 1 (01:53):
Minority Leader Hakim Jeffries there no votes are expected this weekend.
Meant him, House Speaker Mike Johnson confirmed today that President
Trump is trolling Democrats hoping they'll be pressured into passing
a spending resolution.
Speaker 4 (02:05):
Is he trolling the Democrats?
Speaker 1 (02:07):
Yes, I mean yes, because that's what President Trump does,
and people are having fun with this. But Johnson admits
it's not fun looking for federal employees to fire after
Trump threatened to slash thousands of jobs to end the shutdown.
The monthly jobs report is usually out the first Friday
of every month, but not today. Here's Bloomberg's Mike McKee.
Speaker 5 (02:26):
If we had data, it's hard to know exactly what
it would have been because the alternative data sources that
we look at have very different views. The Bloomberg consensus
was for fifty three thousand jobs. Ravellio suggested we'd get
sixty thousand, adp suggested we'd lose thirty two thousand, So
who knows.
Speaker 1 (02:45):
Bloomberg's Mike McKee reporting the lack of economic data and
uncertainty now fueling concerns about future interest rate cuts. FED
Governor Stephen Myron talked to Bloomberg about it this morning.
Speaker 4 (02:56):
Access to high quality data is of utmost importance when
making Montey Paul's decisions. However, it's also the case that
we don't make Montary Paul decisions every day. Right the
FOMC meets to vote once every six weeks or so. Now,
I think that's a bit longer than most shutdowns have
historically lasted. So I'm hopeful that we'll get the data
by the time we actually have to make the decision.
Speaker 1 (03:16):
Beed Governor Stephen Myran on Bloomberg TV. He went on
to say that he Demente's inflation view if housing costs
unexpectedly jumped. We take a look at the numbers every
day for you here at Bloomberg. Right now, the Dow
is up about two thirds percent, the Nasdaq is down
about a quarter percent. The SMP remains relatively unchanged. The
ten year treasury yield at four point one percent, the
(03:37):
two year yield at three point five percent. Gold also
on track for its seventh consecutive week of gains. Comec's
gold trading at three nine hundred and twelve dollars an ounce.
In company news, Rivian says it plans to redesign its
electric vehicle door handles to address safety concerns to its
current design. The company says it plans to incorporate a
manual release, making it more clearly visible on rear doors.
(03:59):
Of its next generation SUV that's known as R two.
Tesla customers have made similar complaints following a number of
injuries and debts. Another setback for Boeing It's seven to
seventy seven X debut has been delayed till early twenty
twenty seven. The jets already six years late, and analysts
predict this sets the stage for possibly billions of dollars
(04:20):
in accounting charges. Boeing is expected to talk more about
the schedule slip when it reports earnings later this month.
And Taylor Swift is back at her latest album, The
Life of a Showgirl, dropped today and it's already dominating
music charts. It's also said to extend her wealth. According
(04:41):
to the Bloomberg Billionaires Index, the singers, now we're two
point one billion dollars, up a billion from just two
years ago. That's news when you want it with Bloomberg News. Now,
I'm Monica Rix and this is Bloomberg
News when you want it with Bloomberg News Now, I'm
Monica Ricks Sean Ditty. Combs is now closer to learning
his fate. The music moguls spent the day in court
in New York ahead of his sentencing on two prostitution
related charges. The judges hearing from prosecutors, defense attorneys, as
well as Comb's children and did. He's been pretty emotional,
sobbing at times when the defense played an eleven minute
(00:22):
video that showed moments of Comb's playing with his kids,
doing charitable work, even mourning his late partner, Kim Porter
Did he faces more than a decade behind bars. Defense
Secretary Pete Hegseth says the US military has struck another
small boat near Venezuela, believed to be carrying drugs. Four
people were killed. White House Press Secretary Caroline Levitt called
(00:42):
the action entirely justifiable.
Speaker 2 (00:45):
The President has been very clear at dating back to
the campaign trill that he is always going to do
what's in the best interests of the American homeland, and
he also promised the American people he was going to
drug end the drug epidemic that has taken far too
many American lives and you're seeing those actions play out
almost every single day.
Speaker 1 (01:01):
Seventeen people have died in three previous attacks. President Trump
has set a Sunday night deadline for Hamas to agree
to a deal to end the war in Gaza, or
all hell will break loose against the terror group that
warning on truth Social today. The proposal includes an immediate
ceasefire and the release of all remaining hostages. Day three
of the government shutdown, and Senators just voted down another
(01:23):
attempt to pass a stopgap spending bill, with Democrats holding
firm on demands to extend healthcare subsidies. House Minority Leader
Hakim Jeffries blames Republicans for the stalemate.
Speaker 3 (01:34):
Donald Trump and the Republicans are not behaving responsibly. They're
not behaving in a serious manner. They don't want to
reopen the government, and they certainly do not want to
address the healthcare crisis that Republicans have created throughout this year,
including as it relates to their one Big Ugly bill.
Speaker 1 (01:53):
Minority Leader Hakim Jeffries there no votes are expected this weekend.
Meant him, House Speaker Mike Johnson confirmed today that President
Trump is trolling Democrats hoping they'll be pressured into passing
a spending resolution.
Speaker 4 (02:05):
Is he trolling the Democrats?
Speaker 1 (02:07):
Yes, I mean yes, because that's what President Trump does,
and people are having fun with this. But Johnson admits
it's not fun looking for federal employees to fire after
Trump threatened to slash thousands of jobs to end the shutdown.
The monthly jobs report is usually out the first Friday
of every month, but not today. Here's Bloomberg's Mike McKee.
Speaker 5 (02:26):
If we had data, it's hard to know exactly what
it would have been because the alternative data sources that
we look at have very different views. The Bloomberg consensus
was for fifty three thousand jobs. Ravellio suggested we'd get
sixty thousand, adp suggested we'd lose thirty two thousand, So
who knows.
Speaker 1 (02:45):
Bloomberg's Mike McKee reporting the lack of economic data and
uncertainty now fueling concerns about future interest rate cuts. FED
Governor Stephen Myron talked to Bloomberg about it this morning.
Speaker 4 (02:56):
Access to high quality data is of utmost importance when
making Montey Paul's decisions. However, it's also the case that
we don't make Montary Paul decisions every day. Right the
FOMC meets to vote once every six weeks or so. Now,
I think that's a bit longer than most shutdowns have
historically lasted. So I'm hopeful that we'll get the data
by the time we actually have to make the decision.
Speaker 1 (03:16):
Beed Governor Stephen Myran on Bloomberg TV. He went on
to say that he Demente's inflation view if housing costs
unexpectedly jumped. We take a look at the numbers every
day for you here at Bloomberg. Right now, the Dow
is up about two thirds percent, the Nasdaq is down
about a quarter percent. The SMP remains relatively unchanged. The
ten year treasury yield at four point one percent, the
(03:37):
two year yield at three point five percent. Gold also
on track for its seventh consecutive week of gains. Comec's
gold trading at three nine hundred and twelve dollars an ounce.
In company news, Rivian says it plans to redesign its
electric vehicle door handles to address safety concerns to its
current design. The company says it plans to incorporate a
manual release, making it more clearly visible on rear doors.
(03:59):
Of its next generation SUV that's known as R two.
Tesla customers have made similar complaints following a number of
injuries and debts. Another setback for Boeing It's seven to
seventy seven X debut has been delayed till early twenty
twenty seven. The jets already six years late, and analysts
predict this sets the stage for possibly billions of dollars
(04:20):
in accounting charges. Boeing is expected to talk more about
the schedule slip when it reports earnings later this month.
And Taylor Swift is back at her latest album, The
Life of a Showgirl, dropped today and it's already dominating
music charts. It's also said to extend her wealth. According
(04:41):
to the Bloomberg Billionaires Index, the singers, now we're two
point one billion dollars, up a billion from just two
years ago. That's news when you want it with Bloomberg News. Now,
I'm Monica Rix and this is Bloomberg
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