Ed Kalecki

A second US Air Force plane crashed in the Persian Gulf region Friday, with the US already carrying out search and rescue operations from another incident in which Iran downed a fighter jet.

The A-10 Warthog went down near the Strait of Hormuz around the same time that Iran shot down a U.S.

F-15E fighter jet.

The lone pilot was safely rescued.

The U.S.

has rescued one of the two-man crew from the F-15 incident.

A search operation was underway for the second crew member.

In an interview, President Trump declined to discuss the search and rescue operations.

He said the events would not affect the ongoing negotiations with Iran, this according to an NBC News reporter.

The Justice Department lost its bid to continue an investigation into building renovation cost overruns by the Federal Reserve, setting the stage for an appeal that could eventually reach the Supreme Court.

U.S.

District Chief Judge James Bosberg upheld an earlier ruling he made.

to quash two grand jury subpoenas issued to the central bank by U.S.

Attorney Jeanine Pirro as part of a criminal investigation into the cost overruns and congressional testimony Chair Jerome Powell provided on the matter.

Pirro's office had asked Boasberg to reconsider his decision to reject the subpoenas.

The ruling is the latest development in a legal battle that pits the independence of the Fed against the Justice Department's power to carry out investigations.

It was a good Friday for the labor market.

Bloomberg's Mike McKee takes a look at the numbers.

Bloomberg's Mike McKee on Bloomberg Surveillance.

President Trump Friday issued a memo ordering that the remaining Department of Homeland Security employees be paid during a record-long partial government shutdown impacting the agency.