💼 Axios PM: Jobs report shocker

🎊 TGIF! Today's newsletter, edited by Natalie Daher, is 735 words, a 3-min. read. Thanks to Sheryl Miller for copy editing.

📻 Situational awareness: The Corporation for Public Broadcasting announced today it's shutting down, after Congress voted to cut nearly $1.1 billion in federal funding.

• While NPR and PBS nationally receive most of their funding from nongovernment sources, local member stations that depend heavily on CPB are expected to be severely impacted. Go deeper.

President Trump told Axios' Barak Ravid in a brief phone call this morning that he's working on a plan to "get people fed" in Gaza.

• "We want to help people. We want to help them live. We want to get people fed. It is something that should have happened a long time ago," Trump said.
• While Trump made clear he's concerned about reports of starvation in Gaza, he blamed Hamas for stealing and then selling aid that had entered the enclave.

The big picture: Trump in recent days has recognized the starvation in Gaza and has committed to increasing U.S. aid — while emphasizing he expects other Western countries and Israel to do their share to address the situation.

• Israel has come under massive international pressure for limiting aid into the enclave.

Driving the news: White House envoy Steve Witkoff and Ambassador to Israel Mike Huckabee visited aid centers in Gaza today run by the Gaza Humanitarian Foundation (GHF), which is backed by the U.S. and Israel.

• Trump told Axios that, as of this morning, he hadn't yet been briefed by Witkoff, who he said was "doing great work."
• Trump declined to provide details of the aid plan he is working on. It's unclear if it will involve more backing for the GHF or for other aid mechanisms.

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The alarming jobs report out today confirmed what Americans have been saying all year: The labor market isn't good, Axios' Emily Peck writes.

😟 The big picture: The so-called vibecession — driven by consumer surveys and some "soft" data indicators — predicted a recession that never came.

• But this latest report signals people are in touch with reality — at least when it comes to the job market.
• Americans know a stinker when they're living with it.

🖥️ Zoom out: Tales of professionals' struggles to land jobs have been growing.

• CEOs have been talking about workers being replaceable all year — a sign that they're not in desperate need of employees.
• Workers' pay expectations have been diminishing, too.

Reality check: If you have a job, you're probably relatively OK — though it's become difficult to job hop. Layoffs are still relatively low.

🚨 JUST IN: President Trump said he would fire the Bureau of Labor Statistics chief this afternoon, hours after the independent government agency reported weak jobs numbers. Keep reading.

Go deeper: Jobs report makes potent case for the Fed to cut interest rates, by Axios' Neil Irwin.

1. 💰 Interest starts accruing today for student loan borrowers who enrolled in a Biden administration repayment plan. Here's what you should know.
2. 🏢 Ghislaine Maxwell was moved to a minimum security prison for women in Texas. Maxwell, a longtime Jeffrey Epstein associate, was serving a 20-year sentence in a Florida federal prison for sex trafficking and other charges. Go deeper.
3. 💊 The Trump administration is reportedly considering how Medicare and Medicaid could cover GLP-1 drugs like Ozempic and Mounjaro for obesity — starting as soon as next year. Go deeper.
4. 🖼️ The Smithsonian said mentions of President Trump's two impeachments that it removed from an exhibit last month were meant to be temporary. Go deeper.

The annual World Dog Surfing Championships — an adored tradition where dogs of all kinds paddle out to catch waves — returns to Pacifica, California, this weekend.

• The popular competition draws massive crowds each year and spotlights the deep bond between pets and their humans while raising money for local charities and animal rescues, Axios San Francisco co-author Nadia Lopez and Claire Reilly write.

🌊 How it works: The competition features eight categories on weight, best stand-up paddle, tandem dog heat, and tandem dog and human contest.

• The two highest scoring competitors from each heat — except tandem challenges — advance to the all-around surfing championship.
• Contestants are judged on technique, skill, style and their sheer dogged determination to stay on the board

💭 Our thought bubble: May the best four-legged surfer win!

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