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Gov't Shutdown Turbulence: US Airlines Cut Flights, More to Come as Shutdown Drags On (Bloomberg)
This appears to be what people need to know:
A wave of flight cancellations hit the United States today, bringing home the effects of the government shutdown to many more Americans, though major airports appeared to be working largely as normal in the morning.
The Federal Aviation Administration (FAA) estimated that about 4 percent of daily flights would be canceled on Friday at 40 airports. Still, over 820 flights scheduled to, from or within the United States for Friday had been canceled by around 8 a.m. ET, up from 201 for all of Thursday, according to FlightAware, a website that tracks air traffic. And if the government shutdown continues, the proportion of daily flights cut could rise to 10 percent by next Friday, the FAA said.
With hundreds of services already suspended by the four largest airlines, the world’s busiest aviation market has become a flashpoint in the long-simmering clash between Republicans and Democrats over federal funding as President Trump ramps up pressure to forge a deal.
The Republican-led administration has said the reductions are necessary to keep flying safe amid staffing shortages brought on by the shutdown. At least one top congressional Democrat has called for more transparency to ensure the move isn’t politically motivated.
Airlines have experience with navigating disruptions
such as storms or technical outages, and the carriers are likely to mitigate the fallout by cutting capacity on their least occupied routes. United has said reductions fall on regional and domestic mainline flights that don’t travel between its primary hubs.
Among the 40 airports are New York (JFK, LGA, EWR); Boston Logan (BOS); Ronald Reagan Washington (DCA); Atlanta Hartsfield–Jackson (ATL); Chicago O’Hare (ORD); Dallas–Fort Worth (DFW); Denver International (DEN); Miami International (MIA); Los Angeles (LAX); and San Francisco (SFO).
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It's been an inspiring week for climate solutions in Brazil ahead of the COP30 climate talks that start on Monday in Belém.
This week's events in São Paulo and Rio de Janeiro brought together local leaders, central bankers and business leaders to build partnerships and share solutions. Leaders from more than 14,000 cities, states, and regions gathered to accelerate bold climate action at events supported or organized by Bloomberg Philanthropies, C40, the COP30 presidency, and other changemakers.
Across both cities, more than 3,000 participants attended Bloomberg events, delivering what many described as the most substantive and optimistic pre-COP gathering in recent memory.
Leaders from finance, government, and
the environmental community turned out in force, and the discussions delivered tangible progress, forged new partnerships, and had a genuine sense of optimism. The consensus throughout the week was unmistakable, only Bloomberg could have brought this together.
Among the highlights:
In São Paulo, at the COP30 Business and Finance Forum, Brazil’s Finance Minister Fernando Haddad joined BloombergNEF’s Jon Moore and Bloomberg Vice Chair of Public Policy Mary Schapiro to discuss innovative financial solutions for climate action, while a BNEF roundtable explored the strategic role of clean energy in powering data center development:
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Our time in Rio de Janeiro reaffirmed Bloomberg’s unmatched role in empowering mayors and governors to act.
Bloomberg Philanthropies CEO Patti Harris joined hundreds of mayors, governors, and regional leaders for the COP30 Local Leaders Forum (left). During the event, 12 global winners were honored through the Local
Leaders Awards for
their outstanding local policies, projects, and programs advancing climate action (right):
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At the Local Climate Action Summit in Rio, Patti Harris delivered opening remarks (left) as Antha Williams, the Climate program lead for Bloomberg Philanthropies, closed the Forum with a powerful session marking ten years of the Paris Agreement and the Road to Belém, joined by Paris Mayor Anne Hidalgo, Wisconsin Governor Tony Evers, Pará Governor Helder Filho, European Climate Foundation President Laurence Tubiana, and Belém Mayor Igor Normando (right):
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At the C40 World Mayors Summit in Rio—co-hosted by Mayor of London Sadiq Khan and Mayor of Rio de Janeiro Eduardo Paes—local leaders from more than 100 cities joined businesses, philanthropists, investors, academics, and civil society to share innovative climate solutions:
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And a few more photos: a selfie with Rio Mayor Eduardo Paes, Geraldo Coelho with Shawn Mendes, Patti Harris in a TV interview and Daphne Wang displaying Brazil's O Globo newspaper that included a Q&A interview with Mike:
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Across all three days, the Bloomberg team brought the public, private, and philanthropic worlds together to make progress where others can’t. Our forums in São Paulo and Rio became the true center of climate momentum, defined by optimism, partnership, and tangible results. Great work to everyone who played a role in making it happen!
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Job Market Weakens: Layoffs Rise to Recession-Like Levels Through October, New Report Says (The Washington Post)
Layoffs accelerated in October, pushing 2025 job cuts to levels typically seen in recessions, according to newly released data from Challenger, Gray & Christmas, a private firm that tracks workplace reductions.
US employers have announced 1.1 million layoffs so far this year —
the largest reading since the pandemic recession and on par with 2008 and 2009 job cuts during the Great Recession, the firm’s figures show. The data includes a recent spate of layoffs at major companies such as UPS, Amazon and Target, and adds to growing concern about a labor market slowdown.
Employers cited cost-cutting and artificial intelligence as the top two reasons for job reductions in October.
New Chapter for Dems: Pelosi’s Exit Sets the Stage for California’s Next Political Battle and DC’s Next Generation (Politico)
Nancy Pelosi,
who represents California’s 11th congressional district, said she will retire from Congress when her term ends in early 2027. At 85, she remains the nation’s first and only female House Speaker. By the time she steps down, she will have represented San Francisco in Congress for 39 years, according to the New York Times.
Her announcement came two days after California voters overwhelmingly approved a measure to redraw the state’s congressional map to favor Democrats in next year’s midterm elections.
Pelosi's departure also sets off a cascade
of campaign maneuvering in California as Democrats seize on the once-in-a-generation opportunity of an open House seat in this center of Democratic politics. And in Washington, her exit will prompt questions about the political futures of her senior-ranking congressional allies.
Ukraine Latest: Russia Close to Its Biggest Capture of a Ukrainian City Since 2023 (New York Times)
Russia is concentrating its firepower and troops on the small, battered city of Pokrovsk in eastern Ukraine, apparently pushing its forces close to capturing what has become a gateway to the war’s most fiercely contested region.
The city would be the largest in Ukraine to fall since Bakhmut in May 2023. It is seen as the last major obstacle preventing Russian troops from approaching Sloviansk and Kramatorsk, the only large cities still under Ukrainian control in Donetsk, a region that President Putin of Russia has long coveted.
Escalation: North
Korea Fires Missile Days After US Sanctions on Its Bankers (Bloomberg)
🎧 New Episode Alert! Stay informed with the Daily Read Podcast's AI-powered insights into today’s top stories — now streaming on Spotify and Apple Podcasts.
Payday for Elon: Tesla Shareholders Approve $1 Trillion Pay Package for Musk (Bloomberg)
Tesla Inc. shareholders approved a $1 trillion compensation package for Chief Executive Officer Elon Musk, the largest payout ever awarded to a corporate leader.
The pay agreement clears a path for Musk,
the world’s richest person, to become the first ever trillionaire and expand his stake in Tesla to 25% or more over the next decade. To achieve the full payout, he’ll have to deliver on targets to significantly expand Tesla’s market value, revive its flagging car business and get the fledgling robotaxi and robotics efforts off the ground.
Boost for Culture: Paley Museum Celebrates 50th Anniversary By Unveiling Major Renovations, Including Two Updated Theaters (Yahoo News)
The Paley Center for Media’s New York headquarters, the Paley Museum, is kicking off its 50th anniversary this week by unveiling a makeover — including two newly renovated theaters, a new exhibition and gathering area and more.
Among
the changes: Two newly renovated theaters, and the new
Bloomberg Gallery on the concourse level, via Bloomberg Philanthropies, which features a digital display wall and will feature immersive exhibits, as well as serve as a venue for receptions and events. The space includes displays on the Bloomberg Terminal, Bloomberg Radio, Bloomberg Television and other digital media platforms. Starting this week, the Paley Museum is available on the Bloomberg Connects app, offering curated guides and expert recs to explore the museum.
“We are glad to help the Museum mark its 50th anniversary
by joining with it to open the new Bloomberg Gallery and launch Bloomberg Connects, and we look forward to seeing how the Museum continues to evolve as a hub for learning and leadership,” said Mike Bloomberg. Download the Bloomberg Connects app here to access over 1,100 cultural institutions globally.
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Bloomberg at the NYC Marathon
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In this year’s TCS New York City Marathon, 60 Bloomberg LP employees took to the streets of New York City as part of Fred’s Team, the official running program of Memorial Sloan Kettering Cancer Center (MSK), raising critical funds to advance groundbreaking cancer research.
Together, they formed the Bloomberg 1000 — a team united in honor of the more than 1,000 Bloomberg employees and family members who have faced or are currently battling cancer.
This year alone, the team raised $650,000, bringing their four-year total to more than $2 million for cancer research. Across all participants, Fred’s Team set a new record, raising over $9 million in 2025.
“Seeing the dedication of our employees — from training for months to rallying support from friends and family — demonstrates the deep commitment we have to the communities we serve,” said Ken Cooper, Global Head of HR and captain of the Bloomberg 1000. “This is what it means to be a part of the Bloomberg team.”
Here’s a photo of the Bloomberg 1000 team alongside Mike Bloomberg, celebrating another remarkable marathon and an even greater cause:
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Weekend Streaming and Film Guide
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Alex vs. ARod (HBO)
In Alex vs. A-Rod, Alex Rodriguez looks back on his rise from baseball prodigy to one of sports’ most scrutinized—and ultimately redeemed—figures. The three-part documentary series tells the story of the baseball star’s personal life and public persona, through his own words.
Frankenstein (In Theaters)
Premiering
in theaters today,
Guillermo del Toro reimagines Mary Shelley’s classic tale of creation and consequence when a brilliant scientist defies nature to bring life to the dead. Starring Oscar Isaac and Mia Goth, Frankenstein is a sweeping, gothic vision of ambition, regret, and the search for humanity in the unthinkable.
Death by Lightning (Netflix)
In this gripping historical drama,
the shocking assassination of President James Garfield unfolds through the eyes of his loyal aide and the delusional man who kills him. With its mix of political intrigue, obsession, and ambition, Death by Lightning turns a forgotten chapter of American history into a taut, emotionally charged thriller. |
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On the Democratic blue wave this week:
"We needed a big night. Democrats have had fewer wins this year than the Jets."
-- Jimmy Kimmel
“And none of it — none of it — could’ve been achieved without the work of Democratic strategist, Donald Trump. Tip of the cap to you, sir.”
-- Seth Meyers
“Trump
lost every key New Jersey demographic: guys in track suits, moms at the outlet malls, and the entire cast of the ‘Jersey Shore.’”
-- Seth Meyers
And from The Daily Show: Jordan Klepper dives into the big wins for Democrats in elections across the country this week. Click the photo below to watch.
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