Bloomberg News Now August 25, 2025: Trump Removes Fed's Cook, Failure to Launch for SpaceX Starship, More
8 snips
Aug 26, 2025 The podcast kicks off with President Trump's surprising decision to remove Federal Reserve Governor Lisa Cook, stirring discussion about economic implications. Then, it explores the postponed SpaceX Starship launch due to weather delays. The dialogue pivots to South Korea's immense shipbuilding investment and trade hurdles with Canada. Trump’s focus on public safety is highlighted with new executive orders and military deployment in crime hotspots. The segment wraps up with updates on the Epstein investigation and fascinating tech innovations in the workplace.
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Fed Vacancy Opens Political Opportunity
- President Trump removed Fed Governor Lisa Cook amid accusations and said he would fire her if she didn’t resign.
- The vacancy gives the president a chance to appoint someone aligned with his view on interest rates.
Starship Launch Delays And Cause
- SpaceX postponed the 10th Starship test flight twice, citing weather and a liquid oxygen ground-system leak.
- Mission control noted they
US‑South Korea Summit Focused On Security And Shipbuilding
- President Trump and South Korea's President Lee Jae-myung met in person and emphasized cooperation on North Korea and shipbuilding.
- The meeting included trade talk where each country would buy and build ships reciprocally.