October 2, 2025: White House Layoffs Plan, Synagogue Attack Suspect Named, More - podcast episode cover

October 2, 2025: White House Layoffs Plan, Synagogue Attack Suspect Named, More

Oct 03, 20255 min
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Listen for the latest from Bloomberg News

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Transcript

Speaker 1

News when you want it with Bloomberg News Now, I'm Doug Prisner. It is day two of the US government shutdown, and we are told President Trump is now threatening to slash thousands of federal jobs as the White House aims to pressure Democrats to end the shutdown. Trump, we are told to set to meet with OMB Director Russell Vote to look at targeted cuts. We also heard today from House Speaker Mike Johnson.

Speaker 2

Now, when he sits down as the director of OMB, he will obviously have a subjective determination on the priorities. And what do you think he would do, because what would any OMB director do under any president? They're going to look to see for the administration's priorities first and ensure that those are funded. And so those are some very serious determinations that had to be made. We want to protect hardworking federal workers, and these are people who protect all the rest of us.

Speaker 1

By the way, that was House Speaker Mike Johnson. Now, the Congressional Budget Office is estimating that about seven hundred and fifty employees will be furloughed during the shutdown, at a cost of four hundred million dollars a day in lost compensation. Meantime, Today, House Majority Leader John Thune said he is giving his Democratic colleagues another chance on Friday to and the shutdown.

Speaker 3

This president, I realized that my Democrat colleagues are facing pressure from members of their far left base, but they're playing a losing game here. A robust majority of American voters are against a government shutdown. Even some Democrat members are raising concerns.

Speaker 1

That is House Majority Leader John Thune. We go to the UK next. And a fatal attack on a synagogue in Manchester where worshippers were gathered for Young Kapor. British police killed a suspect after he drove a vehicle at people outside the synagogue and then attack them with a knife before being shot by officers. He's been identified as Jihad al Shami, a British citizen of Syrian descent. Now two people were killed and three others injured in this attack. Here is our Minister Kere Starmer.

Speaker 4

While this is not a new hete, this is something Jews have always lived with. We must be clear. It is a hatred that is rising once again and Britain must defeat it once again.

Speaker 1

That was UK Prime Minister Keir Starmer. Authorities in Britain are treating the attack as a terrorist incident. Police have arrested three people on suspicion of the commission Preparation and Instigation of acts of terrorism. The Food and Drug Administration has approved a new generic version of the abortion pilled Mifa pristone. The drug will be made available by Evita Solutions. This approval is part of an ongoing fight over access

to Mifa pristone. Opponents say the FDA expanded access in ways that violate restrictions on abortions and in danger patients. We move to Business News next. Open Ai has completed a deal to help its employees sell shares in the company at a five hundred billion dollar value. We are told current and former open ai employees sold about six point six billion dollars of stock to investors. Here is Bloomberg's ed Ludlow.

Speaker 5

It's a secondary or an employee tender. In other words, if you are a existing employee or even a former employee, you can sell your shares in open Ai. The eligibility requirements were that you held them or that you had

a vesting period of two years. But the reason I say that's interesting is that this is a valuation dictated by a third party group of investors buying those shares from employees, so the company doesn't raise any new money, but there has to be a valuation set because a price has to be set.

Speaker 1

That is Bloomberg's ed Ludlow. Now the investors include Thrive Capital, SoftBank Group, Dragonear Investment Group, as well as Abu Dhabi's MGX and t row Price. Tesla reported record third quarter vehicle deliveries. US consumers accelerated their purchases of evs before the end of federal tax credits on September thirtieth. However, Tesla shares were down today by five percent as the

market focused on challenges ahead. Here is Stephanie Valdez, Treaty, Research and Development director for Cox Automotive Mobility.

Speaker 6

We knew Q three was going to be a record quarter, right driven by policy. Right, everyone created a sense of urgency, whether it was dealers, OEMs, and so consumers reacted. So we're probably going to reach about four hundred and ten thousand, probably ten percent market share in the US market, and Tesla has definitely taken advantage of that, but once again that was policy driven. Moving into Q four, we're going

to see a slowdown. However, I've already seen some of the manufacturers are going to continue a seventy five hundred dollars credit going into Q four on leasing.

Speaker 1

That is Stephanie Valdez Stread, Research and Development director for Cox Automotive Mobility. In sports, the MLB Wildcard has wrapped up and now the New York Yankees, the Chicago Cubs, and the Detroit Tigers will advance to the Divisional Series. That news when you want it with Bloomberg News. Now, I'm Doug Prisner and this is Bloomberg

Speaker 3

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