Bloomberg Daybreak: US Edition Trump Offers Fed Workers Buyouts; Investors Await Tech Earnings & Fed Decision
Jan 29, 2025
Topics covered include Trump's proposal for buyouts to federal workers hesitant about returning to the office, stirring political debate. Investors are eagerly eyeing upcoming earnings from major tech companies, dubbed the 'Mag 7'. Additionally, Microsoft is investigating whether a group linked to DeepSeek improperly accessed OpenAI data. We also discuss the Federal Reserve's cautious approach to interest rates amidst inflation and the complexities surrounding recent federal spending orders.
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Federal Worker Buyouts
- President Trump offers buyouts to federal workers balking at returning to the office full-time.
- The deadline to decide is February 6th, with payments running through September 30th.
Trump Administration's Workforce Goals
- President Trump's administration aims to streamline and create a more flexible federal workforce.
- This follows a blocked attempt to halt federal spending and a judge's intervention.
RFK Jr.'s Confirmation Hearing
- Robert F. Kennedy Jr. faces confirmation hearings for Health and Human Services Secretary.
- He now claims to be neither anti-vaccine nor anti-industry, despite past statements linking vaccines to autism.