September 4, 2026: Trump Demands Lower Rates, Trump Eases Processing for Ranchers, More

0:00Hi, I'm Carol Masser with a helpful tip to keep you plugged in throughout the market day. Subscribe to the Stock Movers Report from Bloomberg. These are short audio episodes, five minutes or less delivered right to your podcast feed. Stock Movers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's driving those gains and losses. Why spend all day watching tickers scroll across your screen? Subscribe to Stock Movers today, an Apple, Spotify or anywhere else you listen. News when you want it with Bloomberg News Now. I'm Ed Kaleigee, a surprise jump in US hiring last month has bolstered the case for the Federal Reserve to raise interest rates when they meet later this month. But a hike is still not guaranteed. Non-farm payrolls in August topped all estimates in a Bloomberg survey and the unemployment rate held steady at 4.1%. Bloomberg's Jeff Mason on the White House take away from the jobs numbers. Certainly the fact that the jobs numbers are strong is something that the President

1:01and the Vice President and the White House and the Administration are going to want to lift up and say this is an example of the Trump economy working. But the knock on effects in terms of what that means for rate hikes is the exact opposite of the message that they want to see from the Fed. Even Vice President Vance at his press conference yesterday underscored what President Trump was saying, which is their view very directly that the Fed should be lowering rates, which is obviously not the signals we're getting from the central bank. Bloomberg's Jeff Mason, the latest report did not suggest the labor market is adding to price pressures. However, an analyst's continued to expect the next Fed rate decision will hinge on inflation data due next week. Meanwhile, President Trump revived his pressure campaign on the US central bank demanding an social media post Friday that the Fed lower rates even as investors boosted bets that they will raise them later this month. And that post untruth social, the President exorbit his hand picked Fed Chairman Kevin Warsh,

2:03whom he called great and board members to get smart and be patriots for a change. This is Julia Coronado at macro policy perspectives. Look, that's the choice that the Fed is going to have to make. I mean, you and I know that, you know, one, this is a decision not made by one man. It's a decision made by a very large committee and that that committee has been increasingly concerned about the inflation side of the mandate. Also, I think this was the significance of what we heard in Jackson Hall, you know, which Kevin Warsh, are we going to get as the Fed shared? The Kevin Warsh that generally had a hawkish lean before and in the current circumstances certainly would be inclined to raise interest rates at least a little bit, at least take back some of those insurance rate cuts from last year versus somebody that is politically beholden to the President. And I think what we heard at Jackson Hall suggested the former. Julia Coronado at macro policy perspectives. President Trump has moved to require

3:04country of origin labeling on foreign beef in the latest effort to appease ranchers angered by the White House's plan to boost foreign imports. The President also said he would create a program to help ranchers process their own meat. So for the first time ever, we're going to get farmers and ranchers the right to process their own food. That's a big announcement. That's a big announcement. We're creating a program where small and medium sized and large ranchers can sell their products directly to consumers so that they don't have to go through the big four processes and millen. It's a move the President touted last week after ranchers pushed back on his plan to allow up to 300,000 tons of foreign ground beef imports at low tariff rates. A federal judge fronny extended her prohibition against the postal service implementing President Trump's executive order seeking to limit mail voting during the midterms, putting another major obstacle in the way of the administration as the first states begin sending out mail ballots. The decision from US District Court judge

4:06Indira Talwanning in Boston to issue a preliminary injunction replaces a temporary order she had granted blocking the postal services plan until September 10th. The Trump administration already appealed Talwanning's restraining order and it's likely the latest order will also be appealed. And with that, the judge and the Lindsey Clancy murder trial declared a mistrial fronting after jurors failed to reach a verdict in a case that sharply divided many Americans over whether the Massachusetts woman should be criminally responsible for killing her three young children. Clancy, a 36 year old former labor and delivery nurse never disputed that she killed the children, but her attorney said she had a rare condition called postpartum psychosis when she strangled her children. The youngest just eight months old then tried to take her own life in 2023. Prosecutors said Clancy knew what she was doing. Speaking with reporters in the Oval Office Friday, President

5:07and Trump called the war with Iran's small potatoes. Well, I tell you what, a lot of people don't call it a war. I call it a military conflict because it's it's small potatoes for us. It's not a big thing. We did Venezuela and we did this and Venezuela, we lost nobody and this we lost 18 people and Vietnam, you lost 100,000 people. The president then said the US may hit Iran's pickaxe mountain nuclear site very soon. The Financial Times reports and the topic is close to awarding a Morgan Stanley and Goldman Sachs the most coveted roles in its blockbuster Wall Street debut as the AI behemoth prepares to unveil its initial public offering paperwork as soon as next week. Morgan Stanley was in pole position to secure the prize lead left role according to four people familiar with the matter. Goldman is expected to act as the IPO's stabilization agent, a lucrative appointment overseeing the crucial first sessions of trading when and the topic lists. The Friday numbers on Wall Street, the Dow fell 271 NASDAQ dropped 77 the S&P 500 lost 29.

6:12The 10-year treasure yielded 4.78% the two year at 4.37%. That's news when you want it with Bloomberg news now. I'm Ed Kaleigee. This is Bloomberg. A new chapter in global growth is being written and much of it is happening in Africa. Africa needs to invest. There are deals to be done and business to be won. I'm Jennifer Zabisajep. Every week on the Next Africa podcast, we track capital flows and political shifts shaping the continent's future. The digitalization of Africa is good at power its growth. Reading the world of something like HIV is possible. The population growth is so enormous in Africa. Listen to Next Africa on Apple Spotify or wherever you get your podcasts.