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Speaker 1: News when you want it. With Bloomberg News Now, I'm

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Speaker 1: ad Kalki. President Trump told officials to fire Erika mcintarfer,

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Speaker 1: the commissioner of the Bureau of Labor Statistics, hours after

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Speaker 1: a report showed US job growth cooled sharply over the

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Speaker 1: last three months. I have directed my team to fire

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Speaker 1: this Biden political appointee immediately. Trump said this on social

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Speaker 1: media Friday, accusing her without evidence of politicizing the jobs report.

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Speaker 1: Friday's jobs report from the BLS showed payrolls increased seventy

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Speaker 1: three thousand in July after the prior two months were

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Speaker 1: revised down by nearly two hundred and sixty thousand. In

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Speaker 1: the past three months, employment growth has averaged a paltree

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Speaker 1: thirty five thousand, which is the worst since the pandemic.

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Speaker 1: Bloomberg's Skyler Woodhouse on the President's decision to fire the

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Speaker 1: head of Labor Statistics. He tends to do things, you know,

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Speaker 1: out of impulse, and this is clearly one of those

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Speaker 1: things where he got upset and is taking action. White

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Speaker 1: House economic advisor Peter Navarro told Bloomberg's Balance of Power

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Speaker 1: that better numbers are needed so that the Fed can

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Speaker 1: make better decisions and that he has and himself trusted

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Speaker 1: numbers in the BLS for a long time. A down

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Speaker 1: Friday and a losing week for the S and P

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Speaker 1: five hundred index, we get more from Bloomberg's Charlie Pellett.

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Speaker 2: For the week, the S and P five hundred index

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Speaker 2: was down two point four percent. Wall Street saw a

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Speaker 2: broad flight from risk assets, with stock sinking amid mounting

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Speaker 2: signs of job market weakness. President Trump's latest volley of

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Speaker 2: tariffs and geopolitical worries also weighing on markets. An uninspiring

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Speaker 2: outlook from Amazon that spurred a route in megacaps. Friday,

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Speaker 2: Amazon was down eight point three percent for the week,

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Speaker 2: The Dow dropped two point nine percent, while Nazdak was

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Speaker 2: down two point two percent in New York. Charlie Pellett

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Speaker 2: Bloomberg Radio.

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Speaker 1: Federal Reserve Governor Adrianna Kugler will stemp down from her

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Speaker 1: position on the Central Bank's board. The Fed announce this Friday.

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Speaker 1: Bloomberg's Michael McKee says this brings up a huge issue

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Speaker 1: for the Fed and the Trump administration.

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Speaker 3: The President's issue is does he put somebody in who

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Speaker 3: he anticipates being the next chair when Ja Pall steps

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Speaker 3: down his chair in may or, does he hope that

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Speaker 3: poll steps down in may as a governor he can

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Speaker 3: stay on till twenty twenty eight and appoints somebody else

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Speaker 3: to the seat. Right now, the President's going to have

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Speaker 3: to make a decision. It appears fairly quickly.

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Speaker 1: The US Supreme Court indicated it will consider outlawing the

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Speaker 1: use of race and drawing voting maps, setting up a

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Speaker 1: blockbuster showdown with implications or dozens of congressional districts with

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Speaker 1: predominantly minority populations, expanding a Louisiana case already on their docket.

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Speaker 1: That Justice has said they will consider arguments that the

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Speaker 1: nineteen sixty five Voting Rights Act no longer provides a

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Speaker 1: legitimate basis for map drawers to intentionally create majority Black

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Speaker 1: or majority Hispanic districts. President Trump says the US is

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Speaker 1: moving two nuclear submarines to respond to what he called

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Speaker 1: highly provocative statements from former Russian president Dmitri Medvedev. Bloomberg

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Speaker 1: Intelligence senior defense analyst Wayne Sanders says the President is

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Speaker 1: using this as a tactic because.

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Speaker 4: It's very, very difficult to find out where these things

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Speaker 4: are anyway, and because of the stuff technology, because of

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Speaker 4: what we use and how quiet they are, they could

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Speaker 4: be anywhere anyway. So it is it's an opportunity for

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Speaker 4: the President to say, Hey, this thing is over there,

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Speaker 4: that is an overway versus some of the clandestin way

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Speaker 4: that these things move anyway.

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Speaker 1: Hear more from Wayne Sanders on the Bloomberg Balance of

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Speaker 1: Power podcast. A space X capsule carrying astronauts in the US, Japan,

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Speaker 1: and Russia launched to the International Space Station Friday, the

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Speaker 1: start of a planned six months stay in orbit for NASA.

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Speaker 1: A Falcon nine rocket topped with the Cruise Dragon capsule,

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Speaker 1: lifted off at eleven forty four am Local time from

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Speaker 1: the Kennedy Space Center in Florida, carrying NASA astronaut ZENA.

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Speaker 1: Cardman and Mike Fink, Japan Aerospace Exploration Agencies Kimaya Yui,

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Speaker 1: and Roscomos cosmonaut oleg PLOTNOVOLV. Four people were killed at

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Speaker 1: a shooting at a Montana bar Friday, as a manhunt

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Speaker 1: continues for the suspect. The shooting hap at around ten

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Speaker 1: thirty am on Friday at the Owl Bar in Anaconda.

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Speaker 1: Four people were pronounced dead at the scene. The suspector

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Speaker 1: was identified as forty five year old Michael Paul Brown

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Speaker 1: lived next door to the bar. Authlready said his home

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Speaker 1: was cleared by a swat team and that he was

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Speaker 1: last seen in the Stumptown area, which is just west

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Speaker 1: of Anaconda. The Friday numbers on Wall Street the Dow

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Speaker 1: dropped five forty two. Nasdaq fell for seventy two, nearly

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Speaker 1: two and a quarter percent. The S and P dropped

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Speaker 1: one oh one, its biggest one day drops since May.

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Speaker 1: The ten year Treasury yield is at four point two

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Speaker 1: one percent, the two year at three point six eight percent.

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Speaker 1: That's news when you want it with Bloomberg News. Now

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Speaker 1: I'm in Kleggy. This is Bloomberg