President Donald Trump is weighing slashing “thousands” of federal jobs ahead of a meeting with his budget director, Russell Vought, as the White House looks to ratchet up pressure on Democrats to end a government shutdown that has entered its second day. “It’s likely going to be in the thousands,” White House press secretary Karoline Leavitt told reporters on Thursday, saying that the “entire team at the White House” was working to identify possible cuts. On the economic front, David Solomon expects the US economy to accelerate into 2026 as tailwinds from continued stimulus and tech spending outweigh a softer labor market and geopolitical turmoil.
Government spending and “all of the AI infrastructure build” means — on balance — the economy was “still in pretty good shape,” the Goldman Sachs Group CEO said in an interview broadcast on Bloomberg TV.
Today’s guests: Seema Shah, Principal Asset Management Chief Global Strategist, Robin Niblett, Chatham House Distinguished Fellow and former CEO
Chapters:
00:00:00 – The Pulse
00:00:51 – Government Shutdown: Trump Eyes Thousands of Layoffs
00:02:47 – Boeing 777X Delayed to 2027
00:05:27 – Principal Asset Management’s Seema Shah on Markets
00:09:40 – BLS Won’t Publish US Jobs Report
00:14:53 – Manchester Synagogue Attack
00:20:02 – Chatham House’s Robin Niblett
00:21:30 – Zelenskiy Sees Chance for Long-Range Weapons
00:24:42 – Italy 3% Deficit, Melon Pushes Tax Cuts
00:30:16 – El Segundo Fire at Chevron Refinery
00:31:55 – Goldman Sachs Group CEO David Solomon
00:44:27 – Regulatory Process is Slow in Europe: Goldman Sachs
00:49:14 – US Government Shutdown Day 3
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