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Summers Says Shutdown Is All About Healthcare
Bloomberg Television· 2025-10-01 20:27
One place where there certainly is nothing bipartisan, at least at the moment, is on the fiscal side. We now have seen a true impasse in the Congress leading to a government shutdown. Let me ask you basically what I think a lot of Americans wonder.What is this about. What are we fighting about. Fundamentally, we're fighting about the future of American health care. We're fighting about whether budgets are going to be cut in ways that are going to slash eligibility and ability to get care for millions of Ame ...
White House Freezes $18 Billion in Aid for NYC Projects
Bloomberg Television· 2025-10-01 19:42
Administration announced today that $18 billion down for New York transportation projects is going to be frozen, so it can't go to D-ii programs there. But the timing of this does announcing that today means that you guys are going to squeeze Chuck Schumer's home state until he blinks. Look, I haven't talked to us about this this morning, but look, I'm sure that Russ is heartbroken about the fact that he is unable to give certain things to certain constituencies.We want to do everything that we can to help ...
Jeffries Says GOP Healthcare Crisis Is Devastating
Bloomberg Television· 2025-10-01 19:12
Democrats have repeatedly made clear. We are ready to sit down with anyone at any time and at any place in order now to reopen the government to enact a spending agreement that meets the needs of the American people. And to address the devastating Republican health care crisis.That has caused extraordinary harm on people all across the country. In rural America, working class America, urban America, small town America, the heartland of America and black and brown communities throughout America. The Republic ...
Peloton CEO on company’s price hikes
Bloomberg Television· 2025-10-01 19:00
We did do a price increase. It was the first change in our all accessess membership in over three years. We were very thoughtful about what that was and uh we hope that our members appreciate all of the additional benefits that we've provided them over the last year.for example, adding about 12,000 more classes, 40 more programs, more modalities, things like weighted vest workouts, as well as what we just announced today, which is the introduction of Pelaton IQ, which provides basically the benefits of a pe ...
SailPoint CEO Mark McClain on why the company remains independent
Bloomberg Television· 2025-10-01 18:54
What's your stance on remaining independent. We tend to look at most of the of the M&A type of work we've done to bring in what we would call technology accelerates, meaning we have a roadmap. We have a vision for where we want to go with our customers and we sometimes find younger earlier stage technology companies that have already advanced that dimension a bit.And so if we can accelerate through an acquisition, the classic build versus buy technology choice that a lot of us make, that's what we'll do. We ...
JD Vance Doesn't Expect a Long Shutdown, Sees Democrats "Cracking"
Bloomberg Television· 2025-10-01 18:28
On the point of this, a Republican shutdown. Look, it's obviously a Democratic shutdown. Just look at the vote totals in the House. Look at the vote totals in the Senate and look at the president.United States own action and conduct throughout this crisis. Nearly every single House Republican voted to open the government net. Nearly every single Senate Republican voted to open the government last night. And even to their credit, a few moderate Democrats voted to open the government.That's not a Republican s ...
Peloton CEO Touts New Offerings in Sweeping Product Revamp
Bloomberg Television· 2025-10-01 17:26
Big hardware line, a big platform. Peloton IQ coming out today, long anticipated, but the market appears underwhelmed. And I know that you don't follow the stock move on a day to day, minute by minute basis.But what might investors not fully appreciate about this announcement. First of all, thanks for having me here. And I leave the day to day gyrations of the stock to the experts, traders, the analysts, folks like yourselves.That being said, if you look at the if you take the long view, let's look back a y ...
Congressional Leaders on Trying to End the Shutdown
Bloomberg Television· 2025-10-01 16:43
Now, thankfully, President Trump is trying to mitigate the damage as much as possible. His administration is working to limit the harm to the American people. But the longer this goes on, the more pain will be inflicted because it is inevitable when the government shuts down.The sad thing about it is that every single bit of this was entirely avoidable. Democrats could have worked with us in a bi partisan manner to avert this unnecessary and very harmful shutdown, but instead they did something that is rath ...
Supreme Court Refuses to Let Trump Immediately Oust Fed’s Cook
Bloomberg Television· 2025-10-01 16:05
Michael McKee joins us now here at the desk, our international policy and economics correspondent. So, Mike, what do we know from the Supreme Court. This is a decision that's only temporary until they hear the case in January.Well, basically what it is, is without saying so directly, they're denying Donald Trump's request for a stay on a lower court decision that keeps her in her position. Basically, the Supreme Court is saying that the application is deferred pending a an oral argument in January of 2026. ...
US Private Payrolls Fall by 32,000 in September, ADP Says
Bloomberg Television· 2025-10-01 15:56
Contraction. Not good. -32,000 is the headline number for ADP, which is obviously the worst in quite some time.Goods producing jobs down by 3000. Within that category, construction off by 5000 people have been waiting for that. Manufacturing down by 2000, 28,000 service industry jobs.ADP says we're lost 19,000 in leisure and hospitality and professional and business services down 13,000. The only real positive category is education and health services, which is always the big hiring place. 33,000 on the mon ...