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Speaker 1: News when you wanted with Bloomberg News. Now I'm Larry Kofski.

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Speaker 1: There's no stopping the US jobs machine. The government reports

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Speaker 1: the economy added one hundred ninety nine thousand jobs last month,

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Speaker 1: the stronger than expected increase. The unemployment rate fell to

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Speaker 1: three point seven percent from three point nine and wages

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Speaker 1: were higher. Bloomberg opinion columnists Muhammad al Aarian likes the report.

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Speaker 1: This is good news for the economy, and the market

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Speaker 1: has to think very carefully about the amounts of cuts

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Speaker 1: it is pricing in for next year. Fed officials are

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Speaker 1: widely expected to keep borrowing costs at the highest level

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Speaker 1: in two decades when they meet next week. Former Treasury

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Speaker 1: Secretary Larry Summers says the FED shouldn't even talk about

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Speaker 1: cutting rates until it's certain the time is right.

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Speaker 2: The moment they turn or announced they're going to turn,

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Speaker 2: is going to be a seismic moment, and for that reason,

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Speaker 2: they probably need to be very deliberative, careful about getting

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Speaker 2: to that point and waiting until they see some overwhelming

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Speaker 2: evidence of inflation being locked in low or see some

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Speaker 2: real evidence of the economy turning over.

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Speaker 1: Summers appeared on Bloomberg TV's Wall Street Week with David Weston,

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Speaker 1: where he's a paid contributor. No complaints from Wall Street

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Speaker 1: about the jobs reports. Stocks closed out the week with

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Speaker 1: modest gains. The S and P five hundred has now

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Speaker 1: been higher for six consecutive weeks, its longest such stretch

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Speaker 1: in four years. At the United Nations, the US veto

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Speaker 1: to Security Council resolution that would have called for a

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Speaker 1: ceasefire in Gaza amid growing alarm about Israel's military campaign.

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Speaker 1: The US was the only nation on the fifteen member

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Speaker 1: council to vote against the resolution. Deputy US Ambassador Robert Wood, we.

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Speaker 3: Do not support calls for an immediate ceasefire. This would

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Speaker 3: only play the seeds for the next war because Hamas

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Speaker 3: has no desire to see a durable peace.

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Speaker 1: Thirteen nations voted in favor of the resolution. The UK

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Speaker 1: a stained. In the meantime, Israel pressed on with its

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Speaker 1: offensive throughout Gaza. As Hamas targeted Israel with rockets. Israeli

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Speaker 1: troops pushed deeper into the southern city of Conyunis, the

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Speaker 1: hometown of Hamas leader in Gaza. Ya Ya Sinwar, a

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Speaker 1: Michigan teenager, has been sentenced to life in prison for

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Speaker 1: killing four students, wounding more, and terrorizing Michigan's Oxford High

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Speaker 1: School in twenty twenty one. Judge Guami Roe rejected please

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Speaker 1: for a shorter sentence and ensured that seventeen year old

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Speaker 1: Ethan Crumbley will not get an opportunity for parole.

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Speaker 3: The tiar that he casts in the state of Michigan

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Speaker 3: and in Oxford is a true act of terrorism.

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Speaker 1: Crumby told the court.

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Speaker 3: Any sentenced that they asked for, I asked that you

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Speaker 3: do impose it on me because I want them to

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Speaker 3: be happy and I want them to feel secure and safe.

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Speaker 3: Wanting to worry another day, s im really, I'm sorry.

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Speaker 1: Judge Rose decision followed anguished remarks by families of the

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Speaker 1: deceased and survivors who spoke about how the tragedy has

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Speaker 1: affected them. In Washington, a federal appeals court upheld a

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Speaker 1: judge's decision restricting Donald Trump's ability to publicly attack key

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Speaker 1: figures in the election obstruction case against him, but the

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Speaker 1: court narrowed the order, freeing the former president to comment

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Speaker 1: about Justice Department Special Council John jack Smith layoff notices

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Speaker 1: may soon be going out at two JEEP factories. In

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Speaker 1: the US. Pairing company Stillantis says it may cut about

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Speaker 1: thirty five hundred jobs. It says stricter emission standards in

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Speaker 1: several states may slow sales of gas powered vehicles not

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Speaker 1: good enough. Flight attendants at Southwest Airlines have voted down

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Speaker 1: a tentative contract by a nearly two to one margin.

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Speaker 1: The contract would have provided an immediate twenty percent pay

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Speaker 1: raise and three percent annual increases through twenty twenty eight.

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Speaker 1: Starbucks is reaching out to the union representing workers at

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Speaker 1: hundreds of its cafes, looking to whend a standoff over

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Speaker 1: contract talks. In a letter to the Workers United Union,

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Speaker 1: Starbucks said it wants to resume talks next month. The

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Speaker 1: union said it has received the letter and will respond

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Speaker 1: after reviewing it. And Duncan is teaming up with nutrition

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Speaker 1: brand Dimatized to offer a protein powder that tastes like

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Speaker 1: a glazed doughnut or cappuccino or mocho late if you prefer.

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Speaker 1: It has one gram of sugar preserving one hundred twenty

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Speaker 1: calories and twenty five grams of protein. And that's news

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

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Speaker 1: Coofskin and this is Bloomberg