Bloomberg News Now April 3, 2026: Downed US Jet, 2nd Jet Crashes, Pirro Denied Motion, More
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Apr 4, 2026 Reports on two U.S. jets crashing near the Strait of Hormuz and ongoing search-and-rescue activity. Coverage of a legal clash over grand jury subpoenas and federal renovation costs. Quick takes on the March jobs numbers and a presidential memo about DHS pay during a shutdown. Notes on Pentagon budget plans, Macron’s diplomatic push, and executive shifts at a major AI firm.
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Two U.S. Jets Downed Near Strait Of Hormuz
- The U.S. experienced two separate military aircraft incidents near the Strait of Hormuz, including an Iran-downed F-15E and a crashed A-10 Warthog.
- One F-15E crew member was rescued, a search continued for the second, and the A-10 pilot was safely recovered.
Judge Blocks DOJ Subpoenas For Fed Probe
- A federal judge quashed two grand jury subpoenas targeting the Federal Reserve in a Justice Department probe of renovation cost overruns.
- The ruling reinforces Fed independence and sets up an appeal that could reach the Supreme Court.
March Jobs Show Solid Hiring And Manufacturing Gain
- March added 178,000 jobs with unemployment falling to 4.3%, and private payrolls up 186,000.
- Manufacturing payrolls unexpectedly rose by 15,000, contrary to ADP signals of losses.