Bloomberg Daybreak: US Edition

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - Jobs Report, Jay Powell on Capitol Hill and Target earnings In the UK - the government is preparing to present its tax and spending plans for the coming year In Asia - China's top political advisory body and legislature will be gathering for their annual two sessions See omnystudio.com/listener for privacy information.

On today's podcast: 1) Congress Approves Interim Funds to Avert US Government Shutdown 2) Stocks Begin March at Record Highs 3) NYCB Flags Weaknesses in Loan Oversight and Names New CEOSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Supreme Court Immunity Case Jeopardizes Trump Trial Pre-Election 2) Biden Is Too Old But Trump Is Dangerous, Swing-State Voters Say 3) US Futures Slip With Focus on Key Inflation Data See omnystudio.com/listener for privacy information.

Republican Mitch McConnell will step down as his party’s leader in the Senate after the November election. Here is instant reaction and analysis from the Bloomberg Balance of Power podcast, hosted by Joe Mathieu and Kailey Leinz.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden, Trump Win in Michigan, Edging Closer to 2024 Rematch 2) Congress Leaders Meet Biden, Are Upbeat on Averting Shutdown 3) Apple Ditching Car Effort Boosts Urgency of Bets on AI, Headset See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden to Meet With Congressional Leaders 2) Biden Hopes Gaza Cease-Fire Starts as Soon as Next Monday 3) Bitcoin Tops $57,000 Price Level for First Time Since Late 2021 See omnystudio.com/listener for privacy information.

On today's podcast: 1) Schumer Says Shutdown Risk Remains With Funding Deal Elusive 2) Netanyahu Says He’ll Soon Have Action Plan for Rafah Civilians 3) Koch Network to Stop Funding Haley in Blow to Her 2024 BidSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - Lowes earnings and fresh economic data In the UK - Its the Mobile World Congress in Barcelona In Asia - Baidu earnings are on tap See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks, Futures Pause After Record-Busting Rally 2) US Lands on Moon in Historic Feat for Private Spacecraft 3) Goldman Pushes Back Bet on First Fed Interest-Rate Cut to JuneSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Nvidia Surges After AI Boom Shows No Signs of Letting Up 2) Nasdaq Futures Up 2% as Nvidia Powers Global Rally 3) Goldman’s Beth Hammack, Set to Crack Top Ranks, Is Leaving See omnystudio.com/listener for privacy information.

On today's podcast: 1) Investors Await Nvidia Earnings 2) Amazon Set to Replace Walgreens in Dow Jones Industrial Average 3) Citi Lifts Fraser’s Pay to $26 Million as Investors Eye Overhaul See omnystudio.com/listener for privacy information.

On today's podcast: 1) Capital One to Buy Discover for $35 Billion in Top 2024 Deal 2) Barclays Vows to Return Billions to Investors in Overhaul 3) US Warns Israel Against an Attack on Rafah in UN Draft See omnystudio.com/listener for privacy information.

In this President's Day Special edition of Daybreak, we look at upcoming earnings from Walmart, Donald Trump's impact on the economy and London real estate. Hosted by Nathan Hager.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we look ahead to Nvidia earnings and minutes from the Fed In the UK - we preview this season of European fashion weeks. They're expected be as glamorous as ever, with the fashion elite descending on London, then Milan, and then Paris. In Asia - looks at what we can expect from the minutes of the Reserve Bank of Australia See omnystudio.com/listener for privacy information.

Tim Stenovec and Emily Graffeo host. Features analysis from Bloomberg legal investigative reporter Greg Farrell, Bloomberg politics contributor Jeanne Sheehan Zaino, Bloomberg Law host June Grasso and Bloomberg Legal Enterprise reporter Patricia Hurtado See omnystudio.com/listener for privacy information.

On today's podcast: 1) Verdict in Donald Trump’s civil fraud trial expected 2) Nike to Cut 2% of Workforce as Sportswear Giant Seeks Savings 3) Fed’s Bostic Says May Take ‘Some Time’ to Hit Rate-Cut Threshold See omnystudio.com/listener for privacy information.

On today's podcast: 1) At least 8 children among 22 hit by gunfire at end of Chiefs' Super Bowl parade 2) Trump Eyes NATO Makeover, Hurried Peace in Ukraine If He Wins 3) Cisco and Morgan Stanley Job Cuts See omnystudio.com/listener for privacy information.

On today's podcast: 1) Democrats win New York's special election to replace George Santos. 2) The House votes to impeach Homeland Security Secretary Alejandro Mayorkas. 3) Defense Secretary Lloyd Austin is released from the hospitalSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Snow prepares to blanket the northeast as winter storm warnings stretch from New York to Boston 2) Voters on Long Island head to the polls to replace disgraced representative George Santos 3) Inflation data takes center stage on Wall Street See omnystudio.com/listener for privacy information.

On today's podcast: 1) The Kansas City Chiefs win their third Super Bowl in five years 2) The White House ramps up pressure on Israel as the country launches more airstrikes in Gaza 3) A winter storm warning hits the northeast, threatening up to a foot of snow See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we look ahead to inflation data and Coca-Cola earnings In the UK - we discuss geopolitics ahead of the Munich Security Conference In Asia - key eco data is in focus as the BOJ weighs ending its interest rate policy See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden forcefully — and at times angrily — sought to combat suggestions his acuity was declining in a hastily-arranged press conference Thursday night 2) The US Supreme Court appeared poised to keep Donald Trump on this year’s presidential election ballot, as the justices weighed a historic clash over Colorado voter efforts to disqualify him over his role in the Jan. 6 Capitol riot. 3) President Vladimir Putin said Russia hasn’t achieved its objectives in Ukraine yet, adding in an interview with former Fox News host Tucker Carlson that he would consider negotiations if the US stops supplying weapons to Kyiv.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Walt Disney Co. is acquiring a $1.5 billion equity stake in Fortnite maker Epic Games Inc. as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday. 2) The Senate delivered a death blow to efforts to impose new border restrictions, blocking a carefully negotiated bipartisan compromise after former president Donald Trump and House Republican leaders denounced the deal. 3) Former Barclays Plc Chief Executive Officer Jes Staley has long maintained that he cut off his friendship with Jeffrey Epstein once he became boss of the UK bank. Legal documents seen by Bloomberg News claim that he had indirect contact with the late pedophile financier for years after that.See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden blamed Donald Trump for sinking a bipartisan immigration and Ukraine aid bill, saying the Republican frontrunner pressured members of his party to reject it in order to gain an advantage in the November election. 2) Nikki Haley suffered an embarrassing loss in the largely symbolic Republican Nevada presidential primary on Tuesday, while President Joe Biden secured an easy victory in the state’s Democratic vote. 3) New York Community Bancorp’s credit grade was cut to junk by Moody’s Investors Service less than a week after the regional lender alarmed shareholders by slashing payouts and stockpiling reserves to cover troubled loans tied to commercial real estate. 4) Walt Disney Co.’s ESPN, Fox Corp. and Warner Bros. Discovery Inc. are joining forces to launch a sports-focused streaming service that will feature major college and pro games usually seen only on traditional TV.See omnystudio.com/listener for privacy information.

On today's podcast: 1) A hard-fought bipartisan deal to impose new US border restrictions and unlock Ukraine war aid is on the brink of collapsing in the Senate, where Republican support crumbled in the face of opposition from GOP presidential front-runner Donald Trump. 2) UBS Group AG will buy back up to $1 billion in shares this year, as the bank seeks to keep investors focused on the upside of its complex integration of Credit Suisse. 3) Boeing Co. executives have spent the past month grappling with the aftermath of a near-catastrophe on an airborne 737 Max jet. As the US planemaker works through its latest crisis tied to manufacturing lapses, a new risk looms: a labor rift 10 years in the making.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%. 2) The US vowed more strikes against Iran’s forces and its proxies in the Middle East after three straight days of punishing attacks, even as Washington insisted it won’t be pulled into a prolonged regional conflict. 3) Senators released a bipartisan deal Sunday to impose new US immigration restrictions and unlock billions of dollars in Ukraine aid, a crucial step even as the measure faces long odds in the House. 4) Taylor Swift announces new album, 'The Tortured Poets Department,' while accepting GrammySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview Disney and Uber earnings In the UK - we detail how big oil is grappling with geopolitics and climate change In Asia - we look to the Lunar New Year and the health of the Chinese consumer See omnystudio.com/listener for privacy information.

On today's podcast: 1) Meta Platforms Inc. and Amazon.com Inc. spent 2023 cutting costs and re-focusing their businesses. It was a strategy that upended the lives of tech workers in Seattle and Silicon Valley, but appears to have paid off handsomely for investors who are likely to continue reaping benefits. 2) Apple Inc.’s latest quarterly results triggered investor fears that the company is losing clout in China, a long-prized market that generates roughly a fifth of its sales. 3) A monthly US jobs report due Friday will probably show a slower pace of hiring in 2023 following annual revisions, according to Bloomberg Economics.See omnystudio.com/listener for privacy information.

On today's podcast: Federal Reserve officials cemented the end of their aggressive campaign to push up interest rates, and sought to reset expectations for how soon and how fast they’ll cut this year as inflation pressures fade. US megacap earnings are back in focus, with Apple Inc., Amazon.com Inc. and Meta Platforms Inc. all due to release results In an unscripted scene during tense testimony Wednesday, Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg stood before a packed Senate hearing room and apologized directly to the families of children who were victims of sexual exploitation on social media platforms. New York Community Bancorp may have its credit rating cut to junk by Moody’s Investors Service as the firm stockpiles money to cover troubled loans and spends more to fund operations. See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance See omnystudio.com/listener for privacy information.

On today's podcast: 1) Microsoft Corp., Alphabet Inc.’s Google and Advanced Micro Devices Inc. — three companies working harder than nearly anyone to weave artificial intelligence into their products — are finding that investor expectations for the technology are hard to meet. 2) Six in 10 swing-state voters say President Joe Biden bears responsibility for a surge in migrants at the US-Mexico border, a downbeat signal for his reelection prospects as Republicans largely avoid blame on the issue, a Bloomberg News/Morning Consult poll found. 3) Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth and put the fate of his companies in question. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Iran urged the US to use diplomacy to ease tensions in the Middle East, as Tehran braces for a military response to a deadly attack on an American base over the weekend. 2) US earnings grab the limelight later as the busiest week so far of this reporting season moves up a gear. Microsoft Corp. and Alphabet Inc. will offer the first evidence of whether the bullish sentiment around the so-called Magnificent Seven looks sustainable. 3) Elon Musk said that the first human patient has received a brain implant from his startup Neuralink Corp., a significant step forward for the company that aims to one day let humans control computers with their minds.See omnystudio.com/listener for privacy information.

On today's podcast:1) Iran sought to distance itself from a deadly attack on a US base in Jordan by a Tehran-backed militia, as President Joe Biden faced mounting pressure to order a harsh response against the Islamic Republic. 2) China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up the biggest casualty of a property crisis that’s upending the world’s second-largest economy. 3) Nikki Haley vowed to stay in the Republican presidential primary race at least through Super Tuesday while chiding a tabled plan by the Republican National Committee that called for the party to coalesce around Donald Trump.See omnystudio.com/listener for privacy information.

Many shoppers in the Middle East, as well as in Muslim nations like Pakistan are shunning big foreign brands, driven by a wellspring of anger against Western countries for their support of Israel during the war with Hamas. In this special podcast, Bloomberg reporters Leen Al-Rashdan and Salma El Wardany discuss the effects of the boycott movements, speak to those who've changed their spending habits, and to businesses who've seen an increase in sales as consumers make the switch to more local brands. Hosted by Daybreak Europe's Stephen Carroll. For more from the team, check out the Daybreak Europe Podcast. Every episode delivers the day's top stories, with context, in just 15 minutes. Available every morning by 7am GMT in your feed. Subscribe On AppleSubscribe On SpotifySubscribe On Youtube Subscribe On Podcast Addict Subscribe On AudibleSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview Apple earnings and look ahead to the Fed Meeting In the UK - we look ahead to the Bank of England rate decision In Asia - we talk a look at the over picture of the Chinese economy See omnystudio.com/listener for privacy information.

On today's podcast: 1) Intel Plunges After Forecast Casts Doubt on Comeback Bid 2) Apple Overhauls App Store and iPhone Features to Appease EU 3) US Extends Lead Over China in Race for World’s Biggest Economy See omnystudio.com/listener for privacy information.

On today's podcast: 1) Tesla Inc. shares plunged after Elon Musk’s pitch to look past slower sales growth fell flat with investors. The stock fell 8% in early trading Thursday, after Tesla narrowly missed earnings estimates and warned its rate of expansion will be “notably lower” this year. The company spent all of 2023 cutting prices to boost sales, which ate into profits. 2) Boeing Co. faces a commercial setback after the US Federal Aviation Administration froze planned production increases for its 737 Max aircraft, a move that interrupts the planemaker’s growth ambitions at a time of surging demand and intensifying competition with Airbus SE. 3) Two days after his decisive victory in the New Hampshire primary, Donald Trump is set to take the witness stand in New York to rebut defamation claims by writer E. Jean Carroll — testing his ability to sway a federal jury and a judge he’s already clashed with.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Racing Toward 2024 Biden Rematch After New Hampshire Win 2) Netflix Posts Best Customer Gain Since Surge During Pandemic 3) Alaska Air CEO Says Loose Bolts Found in ‘Many’ Boeing Jets See omnystudio.com/listener for privacy information.

Former President Donald Trump won the New Hampshire primary, dealing a blow to his only remaining major rival Nikki Haley. Here is special coverage of the results, hosted by Bloomberg's Kailey Leinz and Joe Mathieu. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel said 24 of its soldiers were killed in Gaza on Monday, marking the worst single-day death toll for the military since the war against Hamas began in October. 2) New Hampshire’s primary Tuesday is the stage for a crucial showdown between Donald Trump and Nikki Haley — the last major challenger standing between the former president and the GOP nomination. 3) Bill Gross has some advice for the Federal Reserve: stop winding down its balance sheet now, and start cutting interest rates in coming months to avoid recession.See omnystudio.com/listener for privacy information.

On today's podcast: 1) DeSantis Pulls Out of Presidential Race, Backs Trump 2) Israel’s Netanyahu Rejects Hamas’s Terms for Hostage Release 3) Stocks Rally as Wall Street Set to Build on Record See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview Netflix earnings and look ahead to inflation data In the UK - We look ahead to the first European Central Bank meeting of the year In Asia - will the Bank of Japan end the World's last negative interest rate In Washington - we head to New Hampshire for the country's first primary election of the 2024 Presidential race. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Houthis Fire Missiles at Another US-Owned Ship in the Red Sea 2) Congress Approves Funding to Avert US Government Shutdown 3) Apple to Get First Taste of Shopper Demand for $3,499 Vision Pro See omnystudio.com/listener for privacy information.

On today's podcast: 1) The US launched more strikes on Yemen’s Houthis overnight as the Iran-backed militant group continues to roil global shipping markets with attacks around the Red Sea. 2) Oil nudged higher as twin incidents in the Middle East underlined the region’s rapidly escalating tensions, which have already snarled global shipping and carry the potential for interruptions to crude production. 3) Apple Inc. will begin selling versions of its Series 9 and Ultra 2 watches without a blood oxygen feature in the US, following a legal setback in its patent dispute with Masimo Corp. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with rising tensions in the Middle East. The US carried out more strikes on Houthi targets in Yemen overnight, as the Iran backed militant group continues to go after red Sea shipping. This is at least the fourth US led attack on the Houthis in the past week. Major General pat Ryder speaks for the Pentagon. The objective here was to disrupt and degrade Hoothy capabilities to conduct attacks, and we believe that overall, in terms of the scope and the number of strikes that we took, we have degraded their ability to attack. Pentagon spokesman pat Ryder says the US targeted fourteen Hoothi missiles that were primed for launch. Meanwhile, Nathan Pakistan's military has carried out strikes against what it describes as terrorist hideouts in Iran. The move came after Iran attacked a separatist group in a Pakistani province along its border. Bloomberg's Middle East Economics and Government editor Paul Wallace says the escalator is very unusual. The two have a complicated but normally quite cordial relationship. This is pretty much unprecedented what we're seeing now with both of them striking each other's territory. Of course, they're not going for the other government as it were, They are going for what they call our terrorists in each other's territory. But I think what we're seeing is this is just the latest arena opening up in the wider Milesian conflict that began in early October when Hamas attack Israel, and Bloomberg's Paul Wallace says Pakistan is recalling it's envoy from Tehran. Well here in these latest incidents in the Middle East have oil on the rise. This morning, checking Nimax crewed, it's up eight tens of one percent. It's seventy three dollars fifteen cents per barrel. Meanwhile, the International Energy Agency says global oil markets are likely to remain reasonably well supplied this year, provided there are no major disruptions. Well, Nathan and the political front at home, the long awaited conversation between President Biden and congressional leaders over Ukraine AID did not yield results in Bloomberg said. Baxter has the story the GOP issue going in border border border at House Speaker Mike Johnson says that's what he talked about. I told the President what I have been saying for many months, and that is that we must have change at the border, substantive policy shame and says that was not in the offing. Different picture from Senate Majority Leader Chuck Schumer. If we don't come to Ukraine's aid that the consequences for America around the globe would be nothing short of devastating, and President Biden says he told congressional leaders that they must act now on the border. At Baxter Bloomberg Radio, all right, ed, thanks. Secretary of Saint Anthony Blincoln has been representing the US at the World Economic Forum in Davos this week. He left Switzerland yesterday, but not before a delay on the tarmac. There was an oxygen leak on his Boeing jet and it couldn't be fixed, so a smaller jet had to be flown in from Brussels to take b Lincoln back to Washington. Many of his aides and members of the press pool had to fly commercially well. Speaking of DeVos, Nathan Bloomberg News has been speaking all week to executives and politicians from around the world at the World Economic Forum This morning, we caught up with the CEO of Barclays Csvakata Krishnan defended his firm's investment banking division. We are the leading investment bank domicide outside of the United States, and what I find in my travels, especially in the world and the geopolitical world in which we live, is people are looking for a partner in a counterpart who's not just a US bank. Cs Venkata Krishnan ed of that Barclays has been reviewing its strategy for months. He spoke with Bloomberg's franc In Laqua at the World Economic Forum in Davos. All turning to Wall Street, Karen investors are waiting for another key economic report as doubt grows on when the Fed will start cutting rates. Let's get the latest with Bloomberg's John Tucker. John and Nathan Jobless claims could be particularly telling now that seasonal layoffs around the holidays are largely complete. Bloomberg Economics says there have been plenty of signs the labor market is weakening fast. This data comes as traders have recalibrated their wagers and the timing an

On today's podcast: 1) Treasury Secretary Janet Yellen called on lawmakers to pass a temporary spending bill this week and avert a partial US government shutdown. 2) The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde. Interviewed at Bloomberg House in Davos by Francine Lacqua, she was asked if there could be majority support for such a move, given that several policymakers have signaled that timing. 3) Apple Inc.’s iPhone dethroned Samsung Electronics Co. devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since 2010. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin in Washington. That's where a temporary spending bill to avoid a government shutdown this weekend has cleared its first hurdle. Bloomberg's Amy Morris has more from the nation's capital. The Senate voted to advance the measure that will fund some federal agencies through March first and others through March eighth. The interim funding is the support of congressional leaders, including House Speaker Mike Johnson, so the prospects for passage in both chambers are good. Does not include several disputed items like eight for Ukraine restrictions along the US border or an eighty billion dollar business tax package. And there are hard right conservatives in the House who oppose funding agencies at current levels, but Speaker Johnson can bypass them by relying on Democrats for support. In Washington. Amy Moore as Bloomberg Radio. All right, Amy, thanks well. Now to the latest on the race for the White House. It's on to New Hampshire for the Republican candidates, and Bloomberg's at Baxter reports are really starting to heat up. Nicki Haley has been very careful not to directly attack Donald Trump, but one day after Iowa as she's calling him a bully and a liar. Trump lamb based Haley as a disaster. Now this all comes with polling that chowse the two very close. In New Hampshire, Real Clear Politics has Trump by about fourteen points, but the American Research Group even called it dead even at forty four percent, with Ron Desatus at only four percent. Tomorrow's schedule debate has been canceled because Haley declined if Trump wasn't going to be there at Baxter Bloomberg Radio, Okay, and thanks. Now let's turn to the Middle East. Israel and Hamas have reached a deal to deliver medicine and other aid to Gaza. That's according to the government in Kadra, which says this is in exchange for medicine reaching the hostages being held by Hamas. White House National Security Advisor Jake Sullivan says there is still a risk this war widens to a regional conflict. We do see a pathway to a shift in the military campaign in Gaza, a reduction in tensions and the exchange of fire along Israel's northern border, a reduction in the risk of escalation in other parts of the region, and we'll have to continue to deal with the Hoothi threat. National Security Advisor Jake Sullivan spoke from the World Economic Forum in Davos. Israeli President Isaac Herzog plans to bring the families of hostages to the slopes in Switzerland today to step up pressure for their release. Well, Nathan, back here in the US, we are waiting for a key economic group board as doubt grows on whether the FED will start cutting rates as soon as March, and we get the very latest with the Bloomberg's John Tucker, John and Karen. Retail sales probably increased in December. However, the control group sales, which strip out volatile items, that likely slowed to a more subdue pace. Traders are launching on every piece of data as the FAN enters a blackout period next week. Yesterday, Federal Reserve Governor Christopher Waller threw a little cold water around the idea of FED rate cuts as soon as March. With economic activity and labor markets in good shape, and inflation coming down gradually to two percent, I see no reason to move as quickly or cut as rapidly as in the past. With Wallner's comments, Transury suffered their biggest one day price drop in two months. Yield Seweragetan also drag stocks lower. John Tucker Bloomberg Radio, John thanks, rates are very much in focus overseas that the World Economic Forum. European Central Bank President Christine Legard said the ECB will probably cut rates by the summer. I would say it's likely too, but I have to be reserved because we're also saying that we are data dependent and that there is still a level of uncertainty and some indicators that are not anchored at the level where we would love to see them. ECB President Leaguard made those comments to Francine Lockwha at Bloomberg House in Davos. You can hear their full conversation on the Bloomberg Talks podcast. Well Nathan investors are scaling back their expectations for rake cuts from the Bank of England this year. Inflation in the UK unexpectedly accelerated for the first time in

On today's podcast: 1) Donald Trump tightened his grip on the Republican presidential nomination after Iowa voters delivered him a victory in Monday’s caucuses and moved him one step closer to returning to the White House. 2) Microsoft Corp. Chief Executive Officer Satya Nadella said while he wants consistency and good governance at partner OpenAI, he’s not worried about the company’s nonprofit structure and doesn’t want greater control over his partner. 3) Slashed earnings estimates are creating the optimal platform for US companies to beat expectations this earnings season, according to Morgan Stanley’s Michael Wilson.See omnystudio.com/listener for privacy information.

In this MLK Day Special edition of Daybreak, we look at the global outlook for oil after the airstrikes in Yemen. Plus, Cleveland Fed President Loretta Mester says March is probably too early for a rate cut. Hosted by Nathan Hager. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview the week's upcoming economic data, including retail sales. In the UK - we look ahead to the World Economic Forum in Davos In Asia - we discuss the current climate for chipmakers in China In Washington - with the Iowa caucuses right around the corner, new polling suggests that the Republican race is tightening. See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden faces the biggest test yet of his ability to avert a wider war in the Middle East following US-led air strikes against Houthi rebels in Yemen aimed at halting their campaign of attacks on shipping traffic in the Red Sea. 2) After a rally in global bank stocks at year-end, the largest US banks need to show results that support their improved valuations. 3) After years of anticipation, the first US exchange-traded funds that invest directly in the biggest cryptocurrency have begun trading. Billions of dollars changed hands Thursday and the token briefly surged past $49,000 following the US Securities and Exchange Commission decision to grant them approval after markets closed on Wednesday. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Oil is surging this morning. It's up about three percent, trading at seventy four dollars twenty three cents for a barrel of West Texas Intermediate. That's after the US and Allies launched more than sixty air strikes overnight on Houthy targets in Yemen. They're trying to stop the Iran back groups shipping attacks in the Red Sea. Bloomberg's Nick Watams has more on the challenges ahead for the White House. The challenge for Joe Biden is he said, they wanted to deter the Uthies, but they also don't want to ignite a wider war. And the question is whether the Huties will stand down let's see if somewhat unlikely, or use this as a rallying cry told me, pursue their aims both against Israel and CEC's firing Gaza and against the United States in the Dallies. Bloomberg's Nick Watams reporting the Hoothie say the attacks killed five of their members and wounded six others, and they are promising the strikes will not go unanswered. Well back here in the US, Nathan, closing arguments have been delivered and now oh, we wait for the judge's decision. And then. A New York civil fraud trial of former President Donald Trump and Bloomberg's Amy Morris reports New York Attorney General Letitia James is seeking three hundred and seventy million dollars in fines and to bar Trump from the New York real estate industry. No matter how powerful you are, no no matter how rich you are, that no one is above the law. Appeals are likely, but this case could end Donald Trump's role in New York real estate for good. Trump spoke out in court attacking the judge overseeing the case and Attorney General James. Later, he gave a press conference outside the courtroom. He's a political hack, the attorney general. The judge is obviously extremely friendly with the group the Attorney General's office, as Trump orchestrated a sweeping fraud in which he inflated his net worth to obtain favorable loans. The judge expects to rule by January thirty first, Amy Morris, Bloomberg Radio, Okaymie, thank you. Meanwhile, President Biden's son Hunter May face a trial of his own this summer, right in the middle of his father's reelection care campaign. Hunter Biden has pleaded not guilty to charges that he failed to pay taxes on millions of dollars in foreign business income that followed the collapse of a plea deal last year. The judge in Los Angeles says he's considering a June twentieth trial date. Well. Turning to the markets now, Nathan, we continue to watch bitcoin. Following yesterday's historic Wall Street debut, the first US exchange traded funds investing directly in the largest digital currency finally went live, and we get the latest from Bloomberg's John Tucker, John and Karen. The batch of almost a dozen funds, including offerings from investment powerhouses black Rock and Fidelity Investments, got off to a strong start with two point three billion dollars exchanging hands the gray Scale Bitcoin Trust, so the largest ever first date turnover for an ETF. Gray Scale Investment CEO is Michael Sonenshein is just such a historic moment, in such a milestone, So thrilled, feeling really good today black Rock ice Hears Bitcoin Trust saw a billion dollars change hands that's the fifth largest ETF launch on record. Several firms turn to fee waivers in a bid to stand out, offering their ETFs for free for the first six or twelve months. One of the next stages of Wall Street adoption it's going to be when options tied to these ETFs are approved. A bitcoing this morning down about half a percent to about forty six thousand dollars. John Tucker, Bloomberg Radio, all right, John, thank you. Another focus for investors this morning turns to earnings, specifically bank earnings. With four of Wall Street's biggest reporting today, we get a preview from Bloomberg SHINELI, BASEK. Investors will be watching for what the cost base looks like. Has it gotten more expensive to operate and can they keep those costs in lines under further pressure on certain lines of revenue. Revenue might jump this year relative to last year for some of these banks. Investors will be watching for net interest income expectations at Bank of America,