Amy Morris

The funding lapse for some DHS workers will likely stretch into next week as the House considers passing a Senate plan to fund the bulk of the agency, but not ICE nor Border Patrol.

President Trump's new White House ballroom has gotten final approval from a key commission after a federal judge ordered a halt to construction unless Congress approves the project.

A spokesperson for the National Capital Planning Commission, which Trump packed with allies, says the judge's ruling affects construction activities, not planning.

The ballroom is estimated to cost $400 million and has faced opposition and legal challenges.

That's news when you want it with Bloomberg News Now.

I'm Amy Morris and this is Bloomberg.

News when you want it.

With Bloomberg News Now, I'm Amy Morris.

There's a closing bell for this Thursday on Wall Street where stocks cut earlier losses after a report that Iran is drafting a protocol for traffic through the Strait of Hormuz.

That report says the protocol will not constitute restrictions.

Iran's deputy foreign minister says Tehran will set tolls for ships passing through the strait.

Oil surged after President Trump vowed an escalation in the war in Iran over the coming weeks.

NYMEX Crude Oil is up more than 11% at $111 per barrel.

And Brent Crude is up more than 7% at $108 per barrel.

We also bring you the closing numbers each day here at Bloomberg.

The S&P 500 gained 7 points.

NASDAQ gained 38.

The Dow lost 61 points.

The 10-year Treasury yield at 4.3% and the 2-year yield

At 3.79%, Bitcoin is down 1.8%, near $67,000.