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

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Speaker 1: Dan Schwartzman. The Internal Revenue Service is set to give

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Speaker 1: Elon Musk's Doage Service unlimited access to a heavily guarded

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Speaker 1: IRS system that includes information on every taxpayer, business and nonprofit.

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Speaker 1: According to an IRS draft memo, the agency would give

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Speaker 1: a temporary detail at the agency to provide software engineering

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Speaker 1: expertise to Gavin Kleiger, a special advisor to the Director

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Speaker 1: at the Office of Personnel Management. Cleiger's responsibilities will include debugging, software, testing, programming,

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Speaker 1: and implementing safeguards to prevent fraud. Concerns have been raised,

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Speaker 1: though over the purpose and breadth of Kleiger's access. Senior

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Speaker 1: officials from the US and Russia will meet this week

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Speaker 1: in Saudi Arabia to discuss a potential leader sum attend

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Speaker 1: the word Ukraine. President Trump has spoken with Russia's President

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Speaker 1: Vladimir Putin last week about the matter. Here he is

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Speaker 1: speaking before boarding Air Force One. We're trying to get

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Speaker 1: a piece with Russia Ukraine, and we're working very.

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Speaker 2: Hard on it.

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Speaker 1: It's a war that should have never started that time.

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Speaker 3: Sex that lents me to be involved in these conversations.

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Speaker 2: What will do Jajerie I do he will be involved?

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Speaker 1: Yes, that was President Trump speaking. Meantime, Ukrainian officials will

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Speaker 1: reportedly not attend Russia US talks be held in Saudi Arabia.

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Speaker 1: The BBC reports say Ukraine has not been invited, will

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Speaker 1: not send a delegate. In Europe leaders will hold an

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Speaker 1: emergency summon on Ukraine in Paris on Monday. This comes

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Speaker 1: as there is growing concern that the Trump Administration's pushed

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Speaker 1: to work with Russia to end the war has left

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Speaker 1: them isolated. Israeli Prime Minister Benjamin natanyahuo bound to quote

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Speaker 1: finish a job against Iran with the support of US

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Speaker 1: President Donald Trump. Natanyahu spoke earlier at a press conference.

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Speaker 3: None of them are more important than Iran. Israel An

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Speaker 3: America stand shoulder to shoulder encountering the threat of Iran.

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Speaker 3: We agreed that the Iatolas must not have nuclear weapons.

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Speaker 1: That's Israeli Prime Minister Benjamin Natanyahu. Following the release of

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Speaker 1: three hostages on Saturday, Trump said he will back any

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Speaker 1: decision Israel makes. Following the lapse of the deadline for

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Speaker 1: the release of all hostages, President Trump's top economic advisor

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Speaker 1: says he'll meet regularly with FED Chair Jerome Powell to

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Speaker 1: exchange views about the US economy. Kevin Hassett is the

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Speaker 1: White House's National Economic Council Director. He says the plan

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Speaker 1: revives a practice in place during Trump's first term and

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Speaker 1: wouldn't infringe on the Fed's independence from political interference. Here's

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Speaker 1: Hassett speaking to CBS's Faced the Nation.

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Speaker 4: We're going to have a macroeconomic change that has supply

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Speaker 4: side tax cuts, so we have more supply, and we're

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Speaker 4: going to reduce government spending, both through what DOGE is

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Speaker 4: doing and through congressional action. And so therefore the macroeconomic

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Speaker 4: forces that Jason Furman said, where a tragedy are going

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Speaker 4: to be reversed. That's a good thing.

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Speaker 1: That's NEC Director Kevin Hassett.

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Speaker 2: There.

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Speaker 1: Trump often criticized Chair Powell during his first term, calling

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Speaker 1: for lower interest rates and exploring the possibility of firing him. Still,

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Speaker 1: Trump has signaled that he'd let Powell serve out his term.

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Speaker 1: President Trump has asked the Supreme Court to let him

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Speaker 1: fire the head of the Office of Special Counsel, Hampton Dellinger,

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Speaker 1: who is protect by a temporary restraining order. Dellinger is

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Speaker 1: the head of an independent US agency that protects government

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Speaker 1: whistle blowers. The filing asks the court to lift the

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Speaker 1: order which shields Dellinger from being removed for fourteen days,

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Speaker 1: and argues that lower courts should not dictate to the

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Speaker 1: President how long he must continue employing an agency head

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Speaker 1: against his will. Tough talks on tariffs from President Trump,

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Speaker 1: who says he'll impost tariffs on autos, steal and aluminum

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Speaker 1: in the coming weeks. German Chancellor Olaf Schultz saying the

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Speaker 1: European Union is prepared to count US tariff threats if

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Speaker 1: it has to, he spoke to Blueberg Television from Munich.

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Speaker 5: We should react always, but in a way that is

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Speaker 5: always offering the chance for an agreement, because it's better

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Speaker 5: for all parties involved, especially on the both sides of

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Speaker 5: the Atlantic. We invite the United States to discuss with

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Speaker 5: the responsible authorities about what we can do for a

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Speaker 5: better progress, so all of us there is a all off.

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Speaker 1: Shultz, speaking this weekend to Bloomberg Television, he'll face an

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Speaker 1: election next week, with polls suggesting his Social Democrats will lose.

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Speaker 1: Bloomberg Radio and Television will have special coverage of those elections.

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Speaker 1: Next Sunday, there is a full economic calendar as we

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Speaker 1: entered the shortened week of trading. Bloomberg'skaren Moscow has more.

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Speaker 2: Monday is President's Day and US markets are closed in observance.

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Speaker 2: Tuesday we get a look at Empire Manufacturing. Wednesday, it's

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Speaker 2: minutes from the January meeting of Federal Reserve policymakers, as

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Speaker 2: well as housing starts. The weekly report on initial jobless

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Speaker 2: claims is out Thursday, along with earnings from Walmart and

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Speaker 2: Friday its SMP Global Manufacturing and Services PMI, Existing home sales,

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Speaker 2: and consumer sentiment from the University of Michigan. Karen Moscow

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Speaker 2: Bloomberg Radio.

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Speaker 1: It's a big weekend at the box office with Captain

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Speaker 1: America Brave New World grossing over eighty eight million dollars

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Speaker 1: from Friday to today, with the amount expected to surpass

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Speaker 1: one hundred million through the remainder of the holiday weekend.

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Speaker 1: The Marvel film is expected to be the fourth highest

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Speaker 1: grossing presence day weekend open her ever. And that's news

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

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Speaker 1: and this is Bloomberg