Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: mid Kleggy. President Donald Trump revoked security clearances for former
Speaker 1: President Joe Biden and some key members of his administration,
Speaker 1: saying it is no longer in the national interest for
Speaker 1: them to continue to have access to classified information. Those
Speaker 1: losing access include former Vice President Kamala Harris, former Secretary
Speaker 1: of State Anthony Blincoln, and former National Security Advisor Jacob Sullivan.
Speaker 1: This according to a memorandum from the White House. Hillary
Speaker 1: Clinton will also have hers revoked. George Foreman, the fearsome
Speaker 1: heavyweight who lost the Rumble in the Jungle to Muhammad
Speaker 1: Ali before his inspiring second act as a forty five
Speaker 1: year old champion and a successful businessman, has died. He
Speaker 1: was seventy six. Foreman's family announced his death on social medium.
Speaker 1: A native Texan, Foreman began his boxing career as an
Speaker 1: Olympic gold medalist who won the heavyweight belt by stopping
Speaker 1: Joe Fraser in nineteen seventy three. He lost the title
Speaker 1: a year later Toula. Foreman left the sport a few
Speaker 1: years later, but returned after a ten year absence and
Speaker 1: a self described religious awakening, and also became quite a
Speaker 1: pitchman with the George Foreman grill leading the way. Some
Speaker 1: flights began to land at London's he Throw Airport lead
Speaker 1: Friday after a fire at a power station grounded planes
Speaker 1: at Europe's busiest air hub, causing travel chaos for thousands
Speaker 1: of people around the world. The electricity substation fire shut
Speaker 1: down the airport for most of the day, leading to
Speaker 1: the cancelation or diversion of hundreds of flights and raising
Speaker 1: questions about the infrastructure's vulnerability. Restrictions on overnight flights have
Speaker 1: also been temporarily lifted to help ease congestion. He Throw
Speaker 1: Airport's chief executive, Thomas Woldby, says they expect to be
Speaker 1: back at full operations Saturday, Yet frustration continues for passengers.
Speaker 1: Mark Dugherty is a passenger who continues to wait.
Speaker 2: I just said, all you've got to do is get
Speaker 2: a hotel, find somewhere the state's stay night airport and
Speaker 2: then BA, we'll contact you the app.
Speaker 3: And that's what we've been waiting for, emails and apps.
Speaker 1: Mister whiteon the Trump administration will revoke temporary legal status
Speaker 1: from more than half a million migrants who entered the
Speaker 1: US legally under a Biden era program. This according to
Speaker 1: a notice posted FRONTI in the Federal Register. The thirty
Speaker 1: five page notice, said to be formally published March twenty fifth,
Speaker 1: outlines the administration's plan to end humanitarian parole in accompanying
Speaker 1: work permits for nationals of Cuba, Nicaragua, Haiti, and Venezuela
Speaker 1: who were allowed to fly directly to the US after
Speaker 1: applying from abroad. CBS News first reported the change. The
Speaker 1: Department of Homeland Security says roughly five hundred thirty two
Speaker 1: thousand people will lose their legal status beginning in late April.
Speaker 1: Those without another legal basis to remain will be required
Speaker 1: to leave for phase deportation. After four weeks of losses,
Speaker 1: the S and P five hundred index had an up week.
Speaker 1: We get the story from Bloomberg's Charlie Pellett.
Speaker 3: For the week, the S and P five hundred index
Speaker 3: was up point five percent the day we now up
Speaker 3: one point two percent, and Nezdak up by point two percent.
Speaker 3: A rally and several big tech names spurred a rebound
Speaker 3: in stocks after a sell off driven by disappointing outlooks
Speaker 3: from economic bell weathers across various industries. Tesla, Led, Gaines
Speaker 3: and Megacaps up five point three percent. Boeing was up
Speaker 3: three point one percent on a contract to build the
Speaker 3: US's next generation fighter jet in New York. Charlie Pellett
Speaker 3: Bloomberg Radio.
Speaker 1: In Washington their speculation firings that an independent agency could
Speaker 1: lay the groundwork for a White House showdown with the
Speaker 1: Federal Reserve. Bloomberg's Minnie del Judai supports.
Speaker 2: Some on Wall Street say FED independence may be in
Speaker 2: true jeopardy, challenging a Supreme Court ruling paving the way
Speaker 2: for independent agencies. The White House fired two members of
Speaker 2: the Federal Trade Commission this week. Questions are whirling whether
Speaker 2: FED chair Jerome pal is next. There's no love loss
Speaker 2: between President Trump and Powell, who Trump capped during his
Speaker 2: first term. Trump has called for lower end trist rates,
Speaker 2: challenging the fed's independence. Powell hasn't budged. Wall Street may
Speaker 2: decide Finny Dyal Chuo Nice Bloomberg Radio.
Speaker 1: The Friday numbers on Wall Street, the Dow gain thirty two,
Speaker 1: Nasdaq was up ninety two, The S and P gained four.
Speaker 1: The ten year treasury yield at four point twenty four
Speaker 1: percent the two year yield at three point nine to
Speaker 1: five percent. Donald Trump dealt the movement a body blow,
Speaker 1: but some of its wounds may have been self inflicted.
Speaker 1: What went wrong for DEI? You can read all about
Speaker 1: it in Bloomberg's weekend edition, exploring the places where finance,
Speaker 1: life and culture meet. Find it now on bloomberg dot
Speaker 1: com and the Bloomberg Business app. That's news when you
Speaker 1: want it with Bloomberg News Now. I met Kaleggi. This
Speaker 1: is Bloomberg