Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
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Chapter 2: What caused the partial government shutdown in the U.S.?
I'm Monica Ricks. The U.S. government has officially begun a partial shutdown while it waits for the House to approve a funding deal President Trump worked out with Democrats, with Democrats agreeing to fund Homeland Security for two weeks as they negotiate new restrictions on ICE. Republican Congressman Kevin Reilly says he supports a compromise.
We're going to have now two weeks to focus ICE's mission on what I think most people believe ought to be the top priority, which is making sure that individuals who are here illegally and have a criminal record and pose a risk to public safety aren't threatening the safety of Americans.
Government agencies will be closed till at least Monday when the House comes back from break. Commerce Secretary Howard Lutnick reportedly planned a visit to Jeffrey Epstein's private island and maintained contact with him far longer than he'd previously claimed. That's according to new documents released by the Justice Department.
They don't suggest any wrongdoing, but messages show Lutnick stayed in touch with Epstein till 2018, despite claiming heat cut ties in 2005. President Trump has announced his choice to lead the Bureau of Labor Statistics. Bloomberg's Ed Kalecki has details.
President Trump says he intends to nominate Brett Matsumoto to lead the Bureau of Labor Statistics, his second pick for the role that's been vacant since August. The role carries a four-year term and is subject to Senate confirmation. Matsumoto, who has a Ph.D. in economics, arrived at BLS in 2015. and works within the Division of Price and Index Number Research.
He'd recently been on leave to serve at the White House Council of Economic Advisors as a senior economist. Ed Kalecki, Bloomberg Radio.
Reaction's been mixed on President Trump's pick for the Federal Reserve's top job. The dollar rose against all major currencies Friday and stocks fell after the announcement. The Dow and S&P both losing about four-tenths percent. Gold also saw its biggest slide in decades. Kevin Warsh is seen as less supportive of deep rate cuts and more worried about inflation.
But Federal Reserve Governor Stephen Myron says he expects Warsh will prove effective in leading the central bank.
I think he's got enormous credibility. I think he's got enormous gravitas. I think he's got enormous respect. I think he's going to do just a knockout job.
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