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

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Speaker 1: in Kleggy. The Senate this evening passed a government spending

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Speaker 1: package aimed at everning a long US government shutdown. As

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Speaker 1: the White House continues to negotiate with Democrats on placing

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Speaker 1: new limits on immigration raids that have provoked a national outcry,

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Speaker 1: several government agencies are still headed for at least a

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Speaker 1: short lapse in funding, with House Speaker Mike Johnson not

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Speaker 1: planning to hold a vote on the legislation until Monday.

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Speaker 1: Funding for those agencies, which include the Treasury, Defense, Homeland Security, Transportation,

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Speaker 1: Health and Human Services, and labor departments, expires at midnight.

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Speaker 1: The partial government shutdown is not expected to have widespread

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Speaker 1: effects on government operations if it is resolved by early

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Speaker 1: next week. Kevin Warsh waited almost a decade before finally

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Speaker 1: clinching President Trump's nomination to be Chair of the Federal Reserve.

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Speaker 1: He won't need to wait as long before his first

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Speaker 1: big test in the job, having won the race with

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Speaker 1: a promise of regime change of the Fed, suggesting he

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Speaker 1: would make significant changes. Warsh has pledged to shrink the

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Speaker 1: Fed's balance sheet and argue that a productivity boom driven

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Speaker 1: by artificial intelligence will keep inflation low. While that prognosis

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Speaker 1: was enough to convince Trump, his FED pick will now

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Speaker 1: need to convince fellow policymakers and investors. Democrat Senator Elizabeth

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Speaker 1: Warren has concerns about the nomination.

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Speaker 2: Donald Trump is made clear he does not want an

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Speaker 2: independent FED. He wants a FED that acts like a

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Speaker 2: sock puppet for him. He has threatened to fire Jerome

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Speaker 2: pal he started a bogus investigation a bogus investigation of

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Speaker 2: another member of the FED, Lisa Cook. And he has

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Speaker 2: said openly he will not name anyone to be FED

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Speaker 2: chair who does not agree with Donald Trump. Donald Trump

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Speaker 2: wants to be calling the shots.

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Speaker 1: Warren spoke with Joe Matthew on Bloomberg's Balance of Power.

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Speaker 1: Federal Reserve Governor Stephen Myron tells Bloomberg News that Warsh

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Speaker 1: will prove effective in his leadership of the Fed's Monetary

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Speaker 1: Policy Committee chairman.

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Speaker 3: Doesn't it Warsh has a long and illustrious career in

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Speaker 3: history as a very insightful thinker on montary policy. I

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Speaker 3: think he's a fantastic pick from the President. I think

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Speaker 3: he's got enormous credibility. I think he's got enormous gravitas.

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Speaker 3: I think he's got enormous enormous respect from financial markets,

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Speaker 3: from economists, from everyone. I think he's going to do

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Speaker 3: just a knockout job.

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Speaker 1: Franchill, chairman of the House Ways and Means Committee, tells

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Speaker 1: Bloomberg the Justice Department investigation of Federal Reserve Chairman J.

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Speaker 1: Powell stands the way of a speedy confirmation of Kevin Walsh.

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Speaker 4: I think that's a distraction. I don't think that's a

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Speaker 4: topic that deserves a DOJ investigation. Going to potentially delay

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Speaker 4: getting his choice confirmed in the Senate could delay President

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Speaker 4: Trump's own macroeconomic agenda.

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Speaker 1: Gold suffered its biggest slide in four decades, and silver

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Speaker 1: posted a record intra day decline and a stark reversal

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Speaker 1: of the rally that lifted prices to all time highs.

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Speaker 1: Gold fell more than twelve percent to slump below five

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Speaker 1: thousand dollars an ounce, in its biggest daily decline since

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Speaker 1: the early nineteen eight eighties. Silver plunged more than thirty

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Speaker 1: six percent, a record inter day decline as the selloff

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Speaker 1: swept through the broader metals markets. Copper fell three point

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Speaker 1: four percent in London, retreating from Thursday's record high. Down

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Speaker 1: Friday for the US equity market, we get to wrap

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Speaker 1: up from Bloomberg's Charlie Pellett.

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Speaker 5: The dollar rose against all major currencies as President Trump

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Speaker 5: announced his pick for the Fed's top job, Kevin Walsh,

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Speaker 5: who is seen as less supportive of deep ray cuts

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Speaker 5: and more worried about inflation. A drop in commodity and

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Speaker 5: tech shares dragged down the S and P five hundred,

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Speaker 5: which still notched its best month since October, up one

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Speaker 5: point four percent for the week. The S and P

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Speaker 5: five hundred index gained three tenths of one percent. The

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Speaker 5: Dow fell for a third week, down four tenths of

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Speaker 5: one percent. Nestack on the week down two tenths of

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Speaker 5: one percent in New York Charlie Pellett, Bloomberg Radio.

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Speaker 1: President Trump plans to nominate economist Brett Matsumoto to head

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Speaker 1: the Bureau of Labor Statistics. This, according to people familiar

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Speaker 1: with the the choice elevates a career stafford to run

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Speaker 1: the federal government's leading agency for economic statistics, which has

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Speaker 1: been without a commissioner since Trump fired its previous chief

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Speaker 1: in August. Out of frustration with numbers that showed bad

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Speaker 1: news about the job market. The Justice Department on Friday

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Speaker 1: released many more records from its investigative files on Jeffrey Epstein,

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Speaker 1: resuming disclosures under a law intended to reveal what the

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Speaker 1: government knew about the millionaire financiers sexual abuse of young girls,

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Speaker 1: and his interactions with the rich and powerful. Deputy Attorney

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Speaker 1: General Todd Blanche said the Department was releasing more than

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Speaker 1: three million pages of documents in the latest Epstein disclosure,

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Speaker 1: as well as more than two thousand videos at one

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Speaker 1: hundred and eighty thousand images. The files posted to the

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Speaker 1: department's website include some of the several million pages of

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Speaker 1: records that officials said were withheld from an initial release

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Speaker 1: of documents in December. Congressional Democrats, who have been key

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Speaker 1: to pushing for the release of case files in Epstein,

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Speaker 1: are arguing that Friday's release is only about half of

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Speaker 1: the files that have been collected. Jeff Bezos' Blue Origin

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Speaker 1: will pause tourist flights to space for no less than

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Speaker 1: two years in order to prioritize developments of its Moonlander

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Speaker 1: and other lunar technologies. Blue Origins had in a statement

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Speaker 1: announcing the news that the decision reflects Blue Origin's commitment

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Speaker 1: to the nation's goal of returning to the Moon and

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Speaker 1: establishing a permanent, sustained lunar presence. Disney Chief Executive Bob

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Speaker 1: Iger has told associates that he plans to step down

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Speaker 1: as CEO and pull back from daily management before the

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Speaker 1: December thirty first end of his contract. This, according to

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Speaker 1: people familiar with the matter. The Entertainment Giants Board of

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Speaker 1: Directors is planning to be next week at its headquarters

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Speaker 1: in Burbank, California, where they are expected to vote on

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Speaker 1: who should take the top job again. This, according to

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Speaker 1: people familiar with the matter. Actress Katherine O'Hara, best known

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Speaker 1: for roles in films such as Home Alone and Best

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Speaker 1: in Show and TV series such as Shitz Creek, has

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Speaker 1: died at the age of seventy one. The Friday numbers

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Speaker 1: on Wall Street the Dalfel one seventy nine, NAST lost

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Speaker 1: to twenty three, the SMP dropped twenty nine. The ten

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Speaker 1: year treasury yield at four point twenty four percent, the

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Speaker 1: two year at three point five two percent. That's news

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

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Speaker 1: This is Bloomberg