Bloomberg Daybreak: US Edition

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  1. 3 HR AGO

    Trump Plans Shutdown Job Cuts, OpenAI Valuation Soars to $500 Billion

    On today's podcast:1) White House Budget Director Russell Vought is planning to swiftly dismiss federal workers, a sign that Republicans will lean into hardball tactics to pressure Democrats to cave to end a government shutdown. Vought told House lawmakers Wednesday that some federal agencies will move to terminate workers within one to two days, according to people familiar with the remarks, who requested anonymity to discuss a private meeting. White House Press Secretary Karoline Leavitt told reporters that layoffs would happen within “two days, imminent, very soon” but declined to give any details about what agencies or positions would be targeted. Meantime, the Trump administration is planning to cancel billions of dollars earmarked for hydrogen projects in California and the Pacific Northwest, as well as $18 billion in infrastructure funding for the New York metro region.2) Federal Reserve Bank of Chicago President Austan Goolsbee said a lack of official data while the US government is shut down will make it harder for central bankers to interpret the economy. Goolsbee reiterated concerns about a recent pickup in services inflation, which he said could mean price pressures are persistent in parts of the economy least impacted by tariffs.3) OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to investors including Thrive Capital, SoftBank Group Corp., Dragoneer Investment Group, Abu Dhabi’s MGX and T. Rowe Price, a person familiar with the transaction said. That boosted the US company’s price tag well past its previous $300 billion level during a SoftBank-led financing round earlier this year. See omnystudio.com/listener for privacy information.

    16 min

  2. 1 DAY AGO

    Government Shutdown Takes Effect, White House Pulls Antoni BLS Nomination

    On today's podcast:1) Congress blew past a midnight funding deadline, triggering the US government’s first shutdown in nearly seven years — and the third under President Trump. The White House’s budget office ordered agencies to begin executing their plans for a funding lapse, shuttering the government aside from essential duties, disrupting the jobs of hundreds of thousands of Americans and upending many public services.2) The Congressional Budget Office estimates that about 750,000 employees will be furloughed at a cost per day of $400 million in lost compensation. President Trump has also threatened to use the shutdown to fire federal workers, but agency plans for the lapse in funding didn’t specify any measures for terminations. With key economic reports on hold, traders fear the loss of visibility will leave markets in the dark on the outlook for monetary policy. The immediate reports at risk are Thursday’s weekly jobless claims and the October 3rd release of September’s nonfarm payrolls.3) The White House pulled the nomination of EJ Antoni to lead the Bureau of Labor Statistics, throwing the leadership of the critical data agency into further disarray after President Trump fired the former commissioner. A White House official said that the administration looked forward to nominating a new candidate soon. Antoni was slated to appear before a Senate committee for a confirmation hearing for the BLS commissioner role, which is the only political appointee in an agency of roughly 2,000 people. See omnystudio.com/listener for privacy information.

    16 min

  3. 2 DAYS AGO

    Vance Says US Headed for Shutdown, US & Israel Agree to Gaza Peace Plan

    On today's podcast:1) Vice President JD Vance said he believes the US government is on track to shut down, seeking to pin the blame on Democrats one day before federal funding is set to lapse. President Trump met with top Democratic and Republican congressional leaders less than 36 hours before an October 1st shutdown deadline. The two sides left no closer to resolving Democrats’ demands to extend health-care subsidies and reverse Medicaid funding cuts included in Trump’s signature tax legislation passed earlier this year.2) Federal agencies are preparing for a possible government shutdown with detailed plans that call for temporary furloughs but not permanent mass firings — even after the White House pressed departments to consider reductions in force as part of their contingency planning. At least eight cabinet departments comprising more than two-thirds of the federal workforce had detailed their shutdown plans as of Monday afternoon. Together they call for more than 400,000 employees to be sent home as nonessential.3) President Trump and Israeli Prime Minister Benjamin Netanyahu have agreed to a 20-point plan designed to end the war in Gaza, though the prospects for peace remain unclear without the direct involvement of Hamas. Trump said he had the support of other leaders from the Middle East and Muslim-majority nations. Still, the proposal — which mandates Hamas have no role in the future of Gaza — must be accepted by the militant group. See omnystudio.com/listener for privacy information.

    22 min

  4. 3 DAYS AGO

    Trump to Meet Democrats as Shutdown Looms, Israel's Netanyahu in DC

    On today's podcast: 1) The top four congressional leaders will meet with President Donald Trump at the White House on Monday, a day before federal funding would expire if the two parties can’t agree on a short-term spending bill. The discussions will be the first between Trump and congressional leaders ahead of the deadline to avoid a shutdown. Senate Democratic leader Chuck Schumer and his House counterpart, Hakeem Jeffries, were expected to meet with the president last week but it was canceled by the White House at the last minute. 2) Israeli Prime Minister Benjamin Netanyahu is set to hold a crucial White House meeting with US President Donald Trump on Monday amid assertions from Washington that an ambitious plan to end the war in Gaza is nearly complete. The meeting — the fourth between the two allies since Trump took office in January — comes after the US leader shared a 21-point proposal aimed at concluding the Israel-Hamas conflict with other regional heads in New York last week. 3) New York City Mayor Eric Adams bowed out of his struggling reelection campaign Sunday, but the decision may be too late to fundamentally alter the outcome of the November election to replace him. Adams’ decision to withdraw, amid faltering poll numbers and a struggle to raise money, was a long-speculated outcome by donors and sought by others who hoped to boost former New York Governor Andrew Cuomo’s chances to defeat frontrunner Assemblyman Zohran Mamdani, a democratic socialist. But political analysts questioned Sunday whether the decision can make a difference with just 37 days until Election Day. See omnystudio.com/listener for privacy information.

    15 min

  5. 5 DAYS AGO

    Daybreak Weekend: US Jobs, Power Conference, China PMIs

    Bloomberg Daybreak Weekend with Host Tom Busby take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the U.S jobs report and the Electric vehicle sector. In the UK – a look ahead to the Bloomberg Women, Money, Power conference in London. In Asia – a look ahead to the China PMI data. See omnystudio.com/listener for privacy information.

    39 min

  6. 6 DAYS AGO

    Former FBI Director Comey Charged, $14 Billion TikTok US Valuation

    On today's podcast:1) Former FBI Director James Comey has been charged with lying to Congress and obstruction related to testimony he gave in 2020, accelerating President Donald Trump’s push for legal action against his perceived political enemies. The filing of charges capped days of speculation over whether the Justice Department would bring the high-profile case against Comey, who has clashed with the president for years.2) President Trump announces a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US. The pharmaceuticals plan, as described by the president, may allow for wide exemptions for companies with presences within the United States.3) The $14 billion price tag proposed for TikTok’s US business values it more like a stuffy old energy or food company than a leading global social media company. The rough estimate, cited by Vice President JD Vance on Thursday, is well below previous projections that scaled closer to $40 billion. Vance’s comments came as President Donald Trump pushed forward a plan for American investors to buy the US operation from Chinese internet firm ByteDance Ltd. See omnystudio.com/listener for privacy information.

    15 min

  7. 25 SEPT

    White House Issues Shutdown Warning; Kimmel Attracts Record Audience

    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.

    16 min

  8. 24 SEPT

    Kimmel Returns as Trump Renews Attacks; Powell Reiterates Duel Economic Risks

    On today's podcast:1) Jimmy Kimmel returned to TV, saying "it was never my intention to make light of the death of a young man" and addressing controversy over his remarks about the shooting of Charlie Kirk. Kimmel called Kirk's killer "a sick person" and said the willingness of Kirk's widow Erika to forgive the assassin was an "example we should follow." Kimmel's show was reinstated after he personally negotiated his return with Disney CEO Bob Iger and Dana Walden, and he noted that the company "didn't have to" welcome him back on the air.2) President Trump said NATO nations should shoot down Russian aircraft that violated their airspace. The president expressed a sympathetic tone on Ukraine's chances of winning the war, saying he believed Ukraine could reclaim all territory taken by Russia. President Trump criticized Russia, saying it was "fighting aimlessly" and made the country look like "a paper tiger," while the Kremlin pushed back, saying Russia "maintains its resilience and stability."3) Fed Chair Jay Powell said the outlooks for the labor market and inflation face risks, calling it a "challenging situation." Powell stated that "near-term risks to inflation are tilted to the upside and risks to employment to the downside — a challenging situation" and that "two-sided risks mean that there is no risk-free path." See omnystudio.com/listener for privacy information.

    15 min
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Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

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  • Channel
    Bloomberg
  • Creator
    Bloomberg
  • Years Active
    2023 - 2025
  • Episodes
    1.5K
  • Rating
    Explicit
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    2025 iHeartMedia, Inc. © Any use of this intellectual property for text and data mining or computational analysis including as training material for artificial intelligence systems is strictly prohibited without express written consent from iHeartMedia
  • Show Website
    Bloomberg Daybreak: US Edition
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    Bloomberg L.P.

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