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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. There is a new wave of uncertainty after

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Speaker 1: the Supreme Court struck down President Trump's emergency tariffs. Today

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Speaker 1: on Truth Social the President said he'll put much higher

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Speaker 1: tariffs on countries that quote play games with a high

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Speaker 1: court ruling. And now we're being told the White House

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Speaker 1: is working to issue a formal directive to increase the

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Speaker 1: global tariff rate to fifteen percent. However, it's not clear

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Speaker 1: if that order will be finalized before the ten percent

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Speaker 1: levees are set to go into effect Tuesday at twelve

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Speaker 1: one a m. Eastern time. Separately, the Trump administration is

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Speaker 1: reportedly considering new national security tariffs. The Wall Street Journal

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Speaker 1: reports these levees would target industries such as large scale batteries,

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Speaker 1: as well as power, grid and telecom equipment. They would

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Speaker 1: be enacted under a separate statute. And at the same time, today,

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Speaker 1: FedEx filed a lawsuit in the US Court of International

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Speaker 1: Trade seeking a refund of those emergency tariffs after they

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Speaker 1: were invalidated by the Supreme Court. Paramount's guidance raised its

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Speaker 1: bid to buy Warner Brothers Discovery. We are told the

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Speaker 1: new offer improves on the thirty dollars a share all

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Speaker 1: cash proposal made directly to Warner Brothers shareholders back on

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Speaker 1: December eighth. Now, the revised paramount offer also addresses some

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Speaker 1: of Warner's earlier concerns. Here's the rub back. In December,

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Speaker 1: Warner agreed to sell its film and TV studios, along

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Speaker 1: with the HBO Max business, to Netflix, and if Warner's

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Speaker 1: board sees the new paramount offer as superior, Netflix will

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Speaker 1: have four days to respond. A powerful winter storm buried

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Speaker 1: New York City in one of its ten snowiest days

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Speaker 1: on record. This storm disrupted transportation across the Northeast as well.

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Speaker 1: Bloomberg Weather reporter Lauren Rosenthal says we're not out of

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Speaker 1: the woods yet.

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Speaker 2: There are chances of some sort of slippery winter mix

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Speaker 2: later in the week, and some forecast models have hinted

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Speaker 2: at the possibility of another northeastern next week. However, this

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Speaker 2: far out is difficult to say with certainty whether we

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Speaker 2: will see another significant snowstorm.

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Speaker 1: That is Bloomberg's Lauren Rosenthal. Now in New York City,

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Speaker 1: Mayor Zorn Mumdani lifted the travel band put in place

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Speaker 1: Sunday night, at nine pm. That directive closed streets, highways

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Speaker 1: and bridges. UK police have arrested former British Ambassador to

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Speaker 1: the US, Peter Mandelsson, on suspicion of misconduct and public office.

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Speaker 1: This comes after the US Department of Justice released emails

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Speaker 1: allegedly showing Mandelssohn forwarding government information to Jeffrey Epstein. Police

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Speaker 1: search two properties linked to Mandelssohn as part of their

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Speaker 1: criminal probe. His arrest deepens the crisis engulfing British Prime

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Speaker 1: Minister Kiir Starmer over his decision to appoint Mandelssohn as

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Speaker 1: US envoy despite known links to Epstein. Mandelssohn has not

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Speaker 1: been charged and his lawyer has declined to comment. The

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Speaker 1: equity market pulled back today on renewed anxiety over the

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Speaker 1: impact of AI, as well as uncertainty on US tariff policy.

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Speaker 1: We had the S and P five hundred down one

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Speaker 1: percent today. Shares an IBM tumbled thirteen percent. That was

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Speaker 1: after Anthropics said its Clawed code tool can help modernize

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Speaker 1: the Cobol software language. Here's the thing. Most of the

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Speaker 1: mainframe computers that run Cobol are made by IBM elsewhere.

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Speaker 1: When it comes to the impact of AI. Nasiem Talib,

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Speaker 1: author of The Black Swan, expects bankruptcies for software companies the.

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Speaker 3: Effect on a stock market as you realize that the

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Speaker 3: previous rilly that we had was driven by very small

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Speaker 3: number of names, and now we'll probably have some broadening

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Speaker 3: rebrunning effects on redistribution, but a lot of the games

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Speaker 3: in the stock market. Okay, I'm going to be eradicated

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Speaker 3: by that. So this is why you have You know,

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Speaker 3: we're at a juncture of a lot of instabilities across

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Speaker 3: many domains.

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Speaker 1: That is na Seem Talib's speaking to Bloomberg in Miami.

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Speaker 1: Anthropic is offering some current and former employees the ability

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Speaker 1: to sell shares in the company at a valuation of

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Speaker 1: about three hundred and fifty billion dollars. We are told

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Speaker 1: Anthropic is lined up between five billion to six billion

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Speaker 1: dollars for this share sale. Outside investors will buy insider

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Speaker 1: shares in a tactic that has become important in a

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Speaker 1: competitive landscape for hiring in artificial intelligence. On Wednesday, we'll

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Speaker 1: get results from in Nvidia after the bell. We have

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Speaker 1: a preview from Bloomberg's Charlie Pellett.

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Speaker 4: It'll be closely watched as always and it is the

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Speaker 4: next test for artificial intelligence. John vinn is an equity

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Speaker 4: research analyst at key Bank. He's got an overweight rating

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Speaker 4: on the stock, along with a two hundred and seventy

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Speaker 4: five dollars price target.

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Speaker 5: As memory is i'll performed earlier in the year, I

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Speaker 5: think a lot of investors are going to come back

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Speaker 5: to kind of the leaders in AI, and I think

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Speaker 5: in Nvidia is well poised to start performing the rest

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Speaker 5: of the year.

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Speaker 4: In Vidia shares are now at one on hundred and

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Speaker 4: ninety one dollars, and Barclay says in videos, earnings will

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Speaker 4: be seen as a make or break moment for big

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Speaker 4: tech's mediocre season so far. In New York, Charlie Pellett

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Speaker 4: Bloomberg Radio, and that is news when you want it

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Speaker 4: with Bloomberg News. Now I'm the prisoner and this is

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Speaker 4: Bloomberg