Partial Shutdown Begins, Goldman CEO Rattles Bank, More
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News when you want it with Bloomberg News Now. I'm Ed Kolegi. House Minority Leader Hakeem Jeffrey says Democrats will respond to the White House's unserious Homeland Security funding offer, with funding for the agency now expired as a partial shutdown has begun. Jeffrey stresses he's ready to talk.
I'm here, ready, willing, and able to have a conversation with anyone, anytime, anyplace. That's always been the Democratic posture, Mike Johnson has once again sent House Republicans home.
Congressional Democrats previously called for a set of reforms to immigration enforcement, including judicial warrant requirements, in exchange for their votes to fund the Department of Homeland Security. The White House and Democrats remain at loggerheads with no agreement yet on funding for the agency, which includes the TSA and FEMA. Both the House and Senate left town Thursday for the weekend and have a scheduled recess next week, though leadership could call lawmakers back to D.C. if there is a funding deal. Kathy Rumler is leaving her position as Goldman Sachs' top lawyer, drawing to a close a month-long saga that saw the investment bank staunchly defend Rumler over her previous association with Jeffrey Epstein.
Goldman CEO David Solomon talked about it on CNBC.
She called me yesterday afternoon and told me that the press coverage of the work that she had done previously of this whole situation had just gotten to a level of noise and distraction that she thought it was distracting the firm. It was putting her in a position where it was hard for her to execute on her job and her responsibilities, and she just thought it was time to step away. And so you saw our statement and her statement. I reluctantly accepted her resignation.
For weeks, Goldman has faced a steady drumbeat of headlines as the public has poured over the millions of pages of documents that have been released by the Department of Justice, which mention Rumler's name thousands of times. Together, they shined a light on years of interactions between her and the late pedophile, during which she accepted tens of thousands of dollars in gifts from him and used affectionate nicknames like Uncle Jeffrey and Sweetie. Amazon shares posted their longest streak of daily losses in almost 20 years, as investors continue to question how much the e-commerce and cloud computing company spends on capital expenditures. Shares fell 0.4% Friday, their ninth straight negative session.
This is the longest losing streak for the stock since another nine-day drop that ended in July 2006. The stock shed 18 percent over the latest stretch, raising about $463 billion in market valuation. Shares closed at their lowest since May. Ford's top executive spoke to senior Trump administration officials about a potential roadmap for Chinese automakers to build cars in America by partnering with U.S. car companies. The rough framework discussed by Ford chief executive officer Jim Farley and Trump cabinet members last month would allow Chinese carmakers to manufacture vehicles in the U.S., through joint ventures with domestic automakers in which the American company holds a controlling stake. A bipartisan group of U.S.
senators is attending the Munich Security Conference, and Democrat Alyssa Slotkin tells Bloomberg what she's hearing from European counterparts.
The minute they get you in the room and close the door, they're just like, what is going on in America? Not believing it themselves. I try to explain it. The American public does not want an authoritarian leader. We're going to come out of it. It's just going to take a bite.
SpaceX is considering a dual-class share structure in its planned IPO this year, mirroring a strategy its billionaire founder Elon Musk floated for Tesla.
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