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Speaker 1: News when you want it with Bloomberg News Now, I

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Speaker 1: made Kleggy. A second US Air Force plane crashed in

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Speaker 1: the Persian Gulf region FRONTI, with the US already carrying

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Speaker 1: out search and rescue operations from another incident in which

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Speaker 1: Iran down to fighter jet. The A ten Warthog went

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Speaker 1: down near the Strait of Hormuz around the same time

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Speaker 1: that Iran shot down to US F fifteen to E

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Speaker 1: fighter jet. The loan pilot was safely rescued. The US

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Speaker 1: has rescued one of the two man crew from the

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Speaker 1: F fifteen incident. A search operation was underway for the

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Speaker 1: second crew member. In an interview, President Trump declined to

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Speaker 1: discuss the search and rescue operations. He said the events

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Speaker 1: would not affect the ongoing and negotiations with Iran. This

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Speaker 1: according to an NBC News reporter. The Justice Department lost

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Speaker 1: its bid to continue an investigation into building renovation cost

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Speaker 1: overruns by the Federal Reserve, setting the stage for an

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Speaker 1: appeal that could eventually reach the Supreme Court. US District

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Speaker 1: Chief Judge James Bosberg upheld an earlier ruling he made

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Speaker 1: to quash two grand jury's of poenis issued to the

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Speaker 1: Central Bank by US Attorney Jean Piro as part of

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Speaker 1: a criminal investigation into the cost overruns and congressional testimony

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Speaker 1: charged er own power provided on the matter. Piro's office

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Speaker 1: at Asposberg to reconsider his decision to reject the subpoenis.

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Speaker 1: The ruling is the latest development in a legal battle

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Speaker 1: that pits the independence of the FED against the Justice

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Speaker 1: Department's power to carry out investigations. It was a good

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Speaker 1: Friday for the labor market. Bloomberg's Mike McKee takes a

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Speaker 1: look at the numbers.

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Speaker 2: One hundred and seventy eight thousand jobs were created during

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Speaker 2: the month of March. Course, this is before the war.

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Speaker 2: For the most part, the unemployment rate drops to four

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Speaker 2: point three percent from four point four percent. Change in

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Speaker 2: private payrolls one hundred and eighty six thousand, and the

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Speaker 2: change in manufacturing payrolls a positive fifteen thousand. We'd seen

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Speaker 2: other earlier indicators like ADP suggesting manufacturing would lose jobs.

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Speaker 1: Bloomberg's Mike McKee on Bloomberg Surveillance. President drum Friddi issued

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Speaker 1: a memo ordering that the remaining Department of Homeland Security

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Speaker 1: employees be paid during a record long partial government shutdown,

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Speaker 1: impacting the agency. Trump's move comes with lawmakers deadlocked and

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Speaker 1: how to end these shutdown. Democrats are seeking changes to

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Speaker 1: Trump's administration enforcement policies, but congressional Republicans and the White

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Speaker 1: House have balked at those demands. The President's directive, which

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Speaker 1: he announced earlier this week that he intended to sign

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Speaker 1: led House Republicans to abandon talk of cutting shot a

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Speaker 1: two week Easter recess to try and end the impass.

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Speaker 1: The Pentagon's proposed fiscal twenty twenty seven budget would significantly

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Speaker 1: wrap up its military firepower. Bloomberg's Monica Rickx reports.

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Speaker 3: The Pentagon seeking eighty five Lockheed Martin fighter jets, up

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Speaker 3: from forty seven requested last year, in a big boost

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Speaker 3: for the largest US weapons program. Some F thirty five

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Speaker 3: models are already flying in the mission over Iran, but

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Speaker 3: these new jets are part of a broader one point

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Speaker 3: five trillion dollar defense blueprint from President Trump, and would

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Speaker 3: likely be among the most scrutinized elements of the plan

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Speaker 3: since they'd come at a cost of sharp cuts to

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Speaker 3: domestic programs. Another element is funding for the Golden Dome

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Speaker 3: Missile and Air Defense Umbrella, which Trump is looking to

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Speaker 3: put in place by the end of his second term.

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Speaker 3: Monica Rix Blueberg Radio.

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Speaker 1: French President Emmanuel ma Crone is calling on medium sized

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Speaker 1: powers to join forces and stand up to the US

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Speaker 1: and China. Macrone hammered the message during his tour of

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Speaker 1: Asia this week, where he discussed maritime security in the

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Speaker 1: Strait of Horror moves and closer cooperation with South Korea

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Speaker 1: and Japan, two countries badly suffering from high energy costs

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Speaker 1: as the war in Iran keeps the straight closed. European countries,

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Speaker 1: he said, have a shared agenda with places like Japan

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Speaker 1: and South Korea on issues like international law, democracy, climate change,

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Speaker 1: and global health. According to a US Supreme Court spokeswoman,

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Speaker 1: just As Samuel Alita was examined by a doctor last

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Speaker 1: month after falling ill during an event in Philadelphia. The

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Speaker 1: Court confirmed the March twentieth incident in a statement Friday

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Speaker 1: afternoon after it was first reported by CNN. The Federalist

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Speaker 1: Society hosted an event in Philadelphia the same day marking

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Speaker 1: his twenty years in the High Court. The spokeswoman said

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Speaker 1: Alito was thoroughly checked by his personal physician and returned

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Speaker 1: to the Court the following Monday to participate in oral arguments.

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Speaker 1: He has not missed any scheduled arguments this year. Open

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Speaker 1: AI's Chief operating officer is shifting into a new role,

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Speaker 1: and two other top executives are going on leave due

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Speaker 1: to health reasons, marking a major change to its executive

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Speaker 1: bench ahead of a potential Wall Street debut as soon

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Speaker 1: as this year. Brad Lightcamp, open AI's longtime COO, will

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Speaker 1: now lead special projects and report directly to Chief Executive

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Speaker 1: Officer Sam Altman. This according to a memo viewed by Bloomberg.

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Speaker 1: One of his main efforts will be overseeing open AI's

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Speaker 1: push to sell software to businesses through a joint venture

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Speaker 1: with private equity firms. Denise Dresser, Opening Eye's recently appointed

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Speaker 1: Chief revenue officer, will be taking over some of Lightcap's duties. Meanwhile,

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Speaker 1: Chief Marketing Officer Kate Rousch is stepping down from her

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Speaker 1: position to focus on her recovery from cancer, with plans

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Speaker 1: to return in a more life limited purview as her

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Speaker 1: health allows. The stock markets were closed on Friday, but

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Speaker 1: there was an abbreviated session for the bond markets. The

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Speaker 1: ten year treasurer yields at four point three four percent,

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Speaker 1: the two year yield at three point eight four 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 made Kleggy. This is Bloomberg