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

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Speaker 1: Larry Kofski. The labor market was red hot in September,

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Speaker 1: with job creation nearly twice as strong as expected. Employers

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Speaker 1: added three hundred and thirty six thousand jobs. We hear

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Speaker 1: more from Washington and Bloomberg's Earth Chapman.

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Speaker 2: Acting Labor Secretary Julie Sue focused on the continued low

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Speaker 2: unemployment rate in a Bloomberg interview.

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Speaker 3: Historically low unemployment rate still under four percent for over

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Speaker 3: a year and a half. Job growth in leisure hospitality,

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Speaker 3: for example, earnings are up a bit, especially among lower

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Speaker 3: way to workers. Average gains higher than inflation.

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Speaker 2: That's about the continuing United Autoworkers strike. Sue said she's

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Speaker 2: confident there will be an eventual agreement, adding that in

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Speaker 2: most contract negotiations, they're far apart until they're not. In Washington,

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Speaker 2: Earth Chapman, Bloomberg Radio.

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Speaker 1: The strong jobs report intensified the debate on Wall Street

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Speaker 1: over the likelihood of further interest rate increases this year.

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Speaker 1: Stocks rallied ahead of the weekend, led by more than

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Speaker 1: one and a half percent jump in the Nasdaq. The

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Speaker 1: S and P snapped a four week losing streak. The

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Speaker 1: UAW is giving the Detroit car makers a break from

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Speaker 1: additional strikes amid progress and contract negotiations. No additional plans

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Speaker 1: were added to the walkout following a key concession from GM.

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Speaker 1: Bloomberg reporter David Welch says the company agreed to include

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Speaker 1: future battery workers in a new contract.

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Speaker 3: No specifics on it in terms of payer compensation or

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Speaker 3: how it's going to be handled, but it's a pretty

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Speaker 3: big concession because automakers are worried about the profitability of

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Speaker 3: electric vehicles going forward, and they're going to be paying

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Speaker 3: higher wages for the workers who make the battery cells

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Speaker 3: they go into them.

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Speaker 1: Welch tells Bloomberg Markets the closed host Romain Bostick that

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Speaker 1: retirement benefits remain a major sticking point. The union wants

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Speaker 1: to bring back old style pension plans. Welt says the

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Speaker 1: companies are unlikely to agree to that. The strike is

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Speaker 1: now in its fourth week. Will he stay or will

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Speaker 1: he go? Former House Speaker Kevin McCarthy says he has

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Speaker 1: no intention of resigning his seat and in fact plans

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Speaker 1: to run for reelection. McCarthy spoke briefly with reporters at

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Speaker 1: the Capitol and not resigning.

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Speaker 4: A lot more words to do.

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Speaker 3: So you're not resigning.

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Speaker 4: No, I'm not resigned.

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Speaker 3: So you'll stay at an entire term House day.

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Speaker 2: And so don't worry. I got a loving ago running

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Speaker 2: for re election. Yes.

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Speaker 1: Earlier Political reported that McCarthy was thinking about resigning after

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Speaker 1: a new speaker is chosen. Contract talks will resume next

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Speaker 1: week between Kaiser Permanente and a coalition representing its frontline workers.

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Speaker 1: Acting Labor Secretary Julie Sue will be on hand when

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Speaker 1: negotiations resume. More than seventy five thousand workers from California

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Speaker 1: to Virginia stage to three day walkout this week to

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Speaker 1: protest staff shortages, stagnant pay, and other conditions they say

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Speaker 1: have made it difficult to care for patients. It is

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Speaker 1: said to have been the largest healthcare strike in history.

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Speaker 1: Exxon Mobil is closing in on its biggest acquisition since

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Speaker 1: it merged with Mobil back in nineteen ninety nine. Bloomberg

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Speaker 1: reporter Galery Titel says Exxon is in talks to buy

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Speaker 1: Pioneer Natural Resources.

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Speaker 4: This takeover could be worth roughly sixty billion dollars. The

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Speaker 4: Wall Street Journal reported it marks Exxon's unquestionable return to

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Speaker 4: the top of the US oil and gas industry after

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Speaker 4: more than a decade in which upstart drillers instead set

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Speaker 4: the agenda and drove growth.

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Speaker 1: It would be the biggest takeover all year that Tesla

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Speaker 1: you may have your eye on just got cheaper. Tesla

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Speaker 1: has cut the prices of its top selling evs in

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Speaker 1: the US by up to twenty two hundred and fifty dollars,

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Speaker 1: depending on the model. It's looking to stoke demand after

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Speaker 1: third quarter deliveries miss forecasts three two one.

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Speaker 2: We have ignition.

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Speaker 4: And lift off of the United Launch Alliance Atlas five

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Speaker 4: rocket carrying the proto flight mission for Amazon's Project Kuyper.

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Speaker 1: The project's goal is to put more than thirty three

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Speaker 1: hundred satellites into low Earth orbit, where they'll beamed broadband

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Speaker 1: internet service to the ground below, similar to Elon Musk

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Speaker 1: SpaceX Starlink. The first two satellites launch Friday. We'll test

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Speaker 1: Amazon's ability to beam broadband Internet from Morbit. Separately, Amazon

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Speaker 1: is giving customers a break on food delivery, sort of.

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Speaker 1: It's now offering free delivery on grocery orders that exceed

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Speaker 1: one hundred dollars, part of a bid to boost its

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Speaker 1: fresh grocery business. The minimum had been one hundred and

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Speaker 1: fifty since February, when Amazon raised it, at least for

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Speaker 1: Prime members, from thirty five bucks. And that's news when

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

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Speaker 1: This is Bloomberg