Ed Kalecki

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News when you want it, with Bloomberg News Now, I'm Ed Kalecki.

The New York Times is reporting that a second U.S.

Air Force plane crashed in the Persian Gulf region Friday, with the U.S.

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 U.S.

has rescued one of the two-man crew from the F-15 incident, this according to a U.S.

official.

who spoke on condition of anonymity to detail sensitive matters.

The official said a search operation is underway for the second crew member.

The Pentagon's proposed fiscal 2027 budget would significantly ramp up its military firepower.

Bloomberg's Monica Ricks reports.

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.

Bloomberg opinion contributor and former New York Fed President Bill Dudley says that with the current uncertainty, it's best for the Fed to do nothing.

Dudley spoke on Bloomberg surveillance.

Bloomberg opinion contributor and former New York Fed President Bill Dudley on Bloomberg surveillance.