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