*By Amanda Weston*
The battle of the billionaires may be heating up ahead of the 2020 presidential race, as former mayor and media mogul Michael Bloomberg took a  swipe at ex-Starbucks CEO Howard Schultz after he announced a potential run for president as an independent during an interview on "60 Minutes" Sunday. 
Bloomberg, who is reportedly considering his own White House bid on the Democratic ticket, released [a statement](https://www.mikebloomberg.com/news/mike-bloomberg-statement-independent-run/) on Monday that said in part that "there is no way an independent can win." 
"In 2020, the great likelihood is that an independent would just split the anti-Trump vote and end up re-electing the President," Bloomberg said. 
The two billionaires are looking in part to capitalize on their corporate success to gain an edge against President Trump, who leveraged his business career to gain the presidency. 
"Anything is really possible at this point, and you don't want to ignore a white billionaire announcing a candidacy for president,"  Julia Manchester, reporter at The Hill,  told Cheddar Monday. "We saw it happen in 2015 and \[Trump]\ won."
Bloomberg, who served as mayor of New York City from 2002 to 2013 as a centrist Republican, switched political parties last year in a move thought to foreshadow a 2020 bid for president. Monday's back-and-forth sparked further speculation Bloomberg will enter the race. 
"Some would say shows that he's clearly inching toward it ー he's clearly thinking about it," Manchester said. "However, I don't think this statement confirms that." 
In his statement, Bloomberg said running as an independent would be too risky. 
"That's a risk I refused to run in 2016 and we can't afford to run it now. We must remain united, and we must not allow any candidate to divide or fracture us. The stakes couldn’t be higher."
Bloomberg did not expressly name Schultz.
"You're seeing a lot of Democrats expressing concern that an independent such as Schultz getting in could split that ticket, and that's their biggest concern," Manchester said.
"You already have a huge field as well as two progressives ー potentially Bernie Sanders and Elizabeth Warren, that could very well split the ticket."
A third billionaire, President Trump, also weighed on Schultz's possible run on Monday, [tweeting](https://twitter.com/realDonaldTrump/status/1089881244312178688) that he "doesn’t have the 'guts' to run for President!" 
For full interview [click here](https://cheddar.com/videos/there-is-no-way-an-independent-can-win-bloomberg-says-as-schultz-considers-2020-bid). 
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed. 
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report. 
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now. 
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok. 
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress. 
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel. 
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled