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

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Speaker 1: Dan Schwartzman Iran down a US F fifteen E fighter

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Speaker 1: jet with one of the two crew members rescued. A

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Speaker 1: search and rescue mission is on going for the second

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Speaker 1: crew member, whose fate is currently unknown. The first known

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Speaker 1: combat loss of a fighter jet would mark a significant

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Speaker 1: escalation in the now five week war in Iran. Meanwhile,

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Speaker 1: a second US Air Force plane, an eight ten Wardhog,

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Speaker 1: crashed near the Stradahorn Moose around the same time the

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Speaker 1: F fifteen was shot down, with the loan pilot safely rescued.

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Speaker 1: Defense Secretary Pete Hegsith has ousted the army's top uniformed officer,

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Speaker 1: Army Chief of Staff, General Randy George, and two other

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Speaker 1: generals in the midst of this war. No reasons have

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Speaker 1: been given for the departures. A French container ship and

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Speaker 1: a Japanese owned tanker have exited the Stradahorn Moose in

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Speaker 1: what appears to be the first known transit through the

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Speaker 1: waterway by a vessel linked to Western Europe since the

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Speaker 1: warne Iron starret in. The Islamic Republic has tightened its

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Speaker 1: script over hormos, allowing some ships from friendly nations to

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Speaker 1: move along a preapproved route, but has threatened to strike

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Speaker 1: vessel's ally to the US or Israel. US job growth

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Speaker 1: rebounded in March and the unemployment rate fell, suggesting the

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Speaker 1: labor market was stabilizing as the Iran war began. Non

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Speaker 1: Farm payrolls rose by one hundred seventy eight thousand last month,

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Speaker 1: the most since the end of twenty twenty four, led

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Speaker 1: by health care employment. Meanwhile, the unemployment rate fell to

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Speaker 1: four point three percent. President Trump asked Congress an act

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Speaker 1: a two point two trillion dollar budget for discretionary programs,

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Speaker 1: requesting one and a half trillion for defense, a significant

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Speaker 1: increase over the one trillion dollars software fiscal year twenty

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Speaker 1: twenty six, and includes cuts to domestic agencies, including a

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Speaker 1: ten percent cut to discretionary non defense spending. The Office

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Speaker 1: of Management and Budget is also still in the process

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Speaker 1: of reviewing a potential two hundred billion dollar Pentagon supplemental

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Speaker 1: package for the current fiscal year. Senate Democratic Leader Chuck

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Speaker 1: Schumer said in a statement that quote Donald Trump's budget

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Speaker 1: is rotten to the core, and Democrats will make sure

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Speaker 1: it never passes. SpaceX boosted its target IPO valuation above

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Speaker 1: two trillion dollars as it gears up to pitch it's

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Speaker 1: initial public offering. That would increase the company's valuation by

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Speaker 1: about two thirds in just a matter of months. It

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Speaker 1: would make SpaceX more valuable than all but five of

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Speaker 1: the companies in the S and P five hundred. A

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Speaker 1: listing for SpaceX would raise as much as seventy five

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Speaker 1: billion dollars. The company aims to go public in June.

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Speaker 1: Artemis two astronauts have fired their engines and are now

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Speaker 1: headed towards the Moon after spending a day orbiting around Earth.

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Speaker 1: Astrophysicist Hakim Olessi says, it's cruise heading toward the Moon.

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Speaker 2: Now, everything should be okay here. This isn't one of

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Speaker 2: the most high risk parts of the mission, like takeoff

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Speaker 2: and re entry, so I think that from this point

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Speaker 2: forward until they get to the Moon and back, things

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Speaker 2: are probably going to go pretty smoothly.

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Speaker 1: That's astrophysicist Hakim Olesseyi. The crew's next major milestone will

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Speaker 1: be a lunar flyby on Monday. It'll be the farthest

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Speaker 1: humans have ever traveled from Earth. The White House is

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Speaker 1: looking to increase the Justice Department's budget by thirteen percent

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Speaker 1: to help reopen Alcatraz as a prison and advance to

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Speaker 1: Trump administration's hardline law enforcement agenda. Part of the budget

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Speaker 1: would be one hundred and fifty two million dollars to

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Speaker 1: cover the first year of project costs associated with rebuilding Alcatraz.

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Speaker 1: Mortgage rates in the US rising for a fifth straight week.

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Speaker 1: That story from Bloomberg's Charlie Pellett.

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Speaker 3: It's dampening hopes for the key spring home buying season.

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Speaker 3: The average rate for thirty year fixed loans is now

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Speaker 3: six point four to six percent that according to the

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Speaker 3: Mortgage Bankers Association, and the highest since early September. It's

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Speaker 3: also up from six point three to eight percent the

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Speaker 3: previous week. The housing market is entering its traditional peak

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Speaker 3: time of the year for transactions, but concerns about the

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Speaker 3: economy threatened to hold back both buyers and sellers. In

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Speaker 3: New York. Charlie Pellett Bloomberg.

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Speaker 1: Radio open Ay's longtime chief operating officer, Brad Leikap is

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Speaker 1: shifting into a new role to lead special projects and

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Speaker 1: report directly to CEO Sam Altman. The move comes ahead

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Speaker 1: of the start of preparing for a possible initial public offering. Meanwhile,

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Speaker 1: cities around the world are taking your range of approaches

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Speaker 1: to soaring fuel prices from the War with You run.

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Speaker 1: Bloomberg's Nathan Hager, reporting from Washington.

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Speaker 4: Melbourne, Australia has put a freeze on train and bus

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Speaker 4: fares to ease the pain at the pump. Ferry votes

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Speaker 4: in Bangkok have raised their prices to deal with higher

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Speaker 4: diesel costs. EU officials in Brussels are urging residents to

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Speaker 4: work from home and drive less, while here in the US,

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Speaker 4: public transit agencies are eyeing a ridership boost. The way

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Speaker 4: the head of Washington's Metro puts it, it's always going

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Speaker 4: to be cheaper than driving a car in Washington. I'm

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Speaker 4: Nathan Hager, Bloomberg Radio.

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Speaker 1: The Environmental Protection Agency is now considering adding microplastics to

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Speaker 1: an official list of drinking water contaminants. Doctor Stephanie Widmer

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Speaker 1: says that could lead to new regulations for water utilities.

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Speaker 5: Definitely not enough research to draw any concrete conclusions. We

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Speaker 5: use plastic every day. In the amount of plastic that

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Speaker 5: we've been using as human beings and just in the

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Speaker 5: environment has really been increasing over time.

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Speaker 1: That's doctor Stephanie Widmer on ABC News. Health Secretary Robert F.

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Speaker 1: Kennedy Junior has cited a small study that links microplastics

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Speaker 1: and arterial plaque to a four and a half times

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Speaker 1: higher risk of heart attack, stroke, or death impatience with

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Speaker 1: artery disease. We check markets all day long here at Bloomberg.

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Speaker 1: US and European markets all close for good Friday, But

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Speaker 1: in Asia, the nie King Japan gaining one point three

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Speaker 1: percent today, the Hang Sang in Hong Kong falling seven

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Speaker 1: tenths of a percent, while China's CSI three hundred was

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Speaker 1: down about eight tenths of one percent. That's news when

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Speaker 1: you want it with Bloomberg News Now. I'm Dan Schwartzman,

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Speaker 1: and this is Bloomberg