Time now for our muni moment. New York governor Kathy Hochul's budget includes a proposal taxing multimillion dollar second homes in the city. This solidify mayor Zoramundani's pied a terre levy announcement that featured Ken Griffin's new penthouse in the background, remember.Speaking with Bloomberg at Milken, Pershing Square's Blackman, he pushed back that taxing the ultra wealthy will alleviate the city's economic concerns. Where Mundamy was correct is that New York is not a very affordable place to live ...

Obviously we all got up early to watch the jobs report here. Come out at 530 Pacific time. Uh, did you basically walk away from that thinking, okay.Employment is off our worry list for right now, for the month. I mean, it felt like a pretty stable month. The unemployment rate is still holding kind of stable, decently positive on the on the payroll employment growth given the context of of where we've been.So, you know, you never want to make too much of one month. But but it wasn't a worry point for sure. W ...

Did you basically walk away from that thinking, okay. Employment is off our worry list for right now. Yeah, for the month.I mean, it felt like a pretty stable month. The unemployment rate is still holding kind of stable, decently positive on the on the payroll employment growth given the context of of where we've been. So, you know, you never want to make too much of one month.But but it wasn't a worry point for sure. Well a couple months in a row now, we've had decent job creation at an unemployment rate t ...

Virginia's top court blocks the Democrats new congressional map. It seems like states all over the place are moving around their maps to various benefit, one party or another. And that includes.But I wonder if it all cancels each other out in the end. I don't know. I don't know.I mean, it's gerrymandering, I guess is kind of the one of the terms for Greg Gerow. Uh, Bloomberg. Elections reporter.Blum. Uh, Greg, can you tell us what happens, uh, in Virginia. Yeah.So the Virginia Supreme Court and a 4 to 3 dec ...

Another headline crossing the Bloomberg just before we went live, is that the president plans to fire the FDA head, Marty Makary, after some tumult at the agency. What can you tell us about what the team has reported out and really, how Makary clashed at the FDA. Yeah.Interesting story. That and Bloomberg. It just confirmed that it first came out from the Wall Street Journal.He's been under some pressure. There's been some reporting, uh, for a few days that he might be on his way out. And, uh, our Bloomberg ...

Have consultants become a substitute for state capacity/ routine/administrative ability. I always wonder how we got to the point where consultants are so big anyway, because it feels like every time you hire a consultant, it's almost an admission of failure on your part to be able to do something right. And nevertheless, it's a widely accepted practice across governments.So my last book actually was called The Big Con, so "con" for consulting. And and the subtitle is How We've Weakened Businesses and Tantal ...

Earnings are always tough when the market has built up a lot of, optimism around the business. So why do you think they're a little bit concerned about the forward looking guidance when it comes to revenue, when it comes to operating profit. So so, look, I I think this was, and I I I said this in the earnings call, a transformational and extraordinary earnings for us.You know, the the the company really hit on all cylinders. We we, you know, we we beat on revenue. You know, we reaffirmed our annual revenue ...

Is there a plan from this administration to combat job loss over AI's impact. >> Well, right now what we're seeing is that AI is creating job creation. There are a couple of new studies out at the National Bureau of Economic Research that show and and one at Stanford University that show that AI adjacent jobs that AI adjacent professions are actually increasing faster than everywhere else.But of course, in the medium to long term, people are right to be concerned about what might a AI mean for them. But rig ...

We should know something today. I mean, we're expecting a response from them. We'll see what the response entails.Uh, the hope is that something that it can put us into a serious process of negotiation. Um, obviously, we've seen the reporting overnight that Iran is established or trying to establish some agency that's going to control traffic in the streets. That would be very problem, and that would actually be unacceptable.I mean, we're the normalizing of their controlling of international waterways, both ...

>> THE ECONOMY IS GROWTH BUT NOT REALLY BETTER. >> THIS IS A LABOR MARKET UNLIKE ONE WE'VE SEEN BEFORE. >> IT'S CHALLENGING TO GET A SENSE OF THE LABOR MARKET. >> THERE IS LITTLE EVIDENCE THE LABOR MARKET IS FALLING APART. >> THE LABOR MARKET IS SOFTER THAN MOST PEOPLE APPRECIATE. ANNOUNCER: THIS IS BLOOMBERG SURVEILLANCE WITH JONATHAN FERRO, LISA ABRAMOWICZ, AND ANNMARIE HORDERN. JONATHAN: GOOD MORNING, GOOD MORNING. BLOOMBERG SURVEILLANCE STARTS RIGHT NOW. END OF FRIDAY FOLLOWING A SERIES OF SKIRMISHES TH ...