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

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Speaker 1: in Kleggi. Snow and dangerously bitter cold have begun to

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Speaker 1: spread from the Rocky Mountains to the Great Lakes as

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Speaker 1: a massive winter storm pushes toward the US Northeast, disrupting

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Speaker 1: travel and threatening power outages for much of the nation.

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Speaker 1: The storm is expected to spend nearly fifteen hundred miles,

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Speaker 1: bringing heavy snow, crippling ice, and sub zero windshill to

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Speaker 1: some of the biggest US cities. Airlines have already canceled

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Speaker 1: more than six two hundred flights. Amtrak has pulled dozens

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Speaker 1: of trips from its schedule. New York City Marizara Mamdani

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Speaker 1: told residents of the nation's largest city that snow removal

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Speaker 1: efforts have been prepared and that a decision will be

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Speaker 1: made at twelve noon Sunday as to whether schools will

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Speaker 1: be open Monday or if it will be a virtual

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Speaker 1: learning day. Meteorologist Craig Allen on the potential impacts for

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Speaker 1: the Northeast Corridor.

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Speaker 2: Here in the Northeast, the hazards from this storm are

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Speaker 2: going to be mounting. Most maps are showing a solid

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Speaker 2: six to twelve in snowfall from d to New York

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Speaker 2: City and on up to Boston. And there will definitely

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Speaker 2: be cities in towns, especially west of ninety five, that

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Speaker 2: will get more, perhaps a foot and a half. On

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Speaker 2: the other side of ninety five, closer to the coast,

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Speaker 2: some locations may stop at six or so and then

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Speaker 2: followed by a sleet and ice storm. And as for

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Speaker 2: the timing, the snow will likely start around midnight Saturday

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Speaker 2: night in the DC Baltimore area, give or take, and

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Speaker 2: it will likely be snowing in New York City and

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Speaker 2: suburbs by the time you get up on Sunday and

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Speaker 2: reach up to Boston towards lunchtime on Sunday. Now, the

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Speaker 2: snow will fall heavily, it will accumulate rapidly. If there

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Speaker 2: is to be any sleet or freezing rain mixing in,

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Speaker 2: it would most likely be south of I seventy eight

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Speaker 2: in New Jersey Sunday night. Otherwise, this storm won't start

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Speaker 2: winding down until sun up Monday in DC, but linger

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Speaker 2: even later in New York City and most of the

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Speaker 2: day for Boston.

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Speaker 1: Meteorologist Craig Allen. According to people familiar with the White

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Speaker 1: House deliberations, Rick Raiders, Wall Street botafides and openness to

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Speaker 1: make changes that the Federal Reserve have bolstered his candidacy

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Speaker 1: for the Central Bank's top job. The Black Rock executive

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Speaker 1: is seen as looking the part of the central banker

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Speaker 1: and has also grabbed President Trump's attention with his myriad

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Speaker 1: of ideas for overhauling the FED. Raider, one of four

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Speaker 1: contenders to be Trump's pick to lead the Central Bank,

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Speaker 1: has elicited positive reaction from bond market participants as Trump

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Speaker 1: administration officials have sought investor views on the short list

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Speaker 1: of FED chair candidates. President Trump has dispatched naval assets

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Speaker 1: to the Middle East, prompting fresh speculation that he'll follow

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Speaker 1: through on threats to attack Iran senior leadership amid a

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Speaker 1: violent cracked out on nationwide protests. The USSA Abraham Lincoln

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Speaker 1: aircraft carrier and its associated strike group passed through the

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Speaker 1: Strait of Malacca between Malaysia and Indonesia earlier this week

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Speaker 1: and are now in the Indian Ocean. This according to

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Speaker 1: two US officials who decline to specify their precise destination.

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Speaker 1: Intel shares plunged seventeen percent after Chief Executive Officer Lipbutan

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Speaker 1: give a lack luster forecast and warned that the chip

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Speaker 1: maker was struggling with manufacturing problems. First quarter projections for

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Speaker 1: revenue and earnings both fell well short of Wall Street estimates.

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Speaker 1: At a conference call with analysts, where Tan said it

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Speaker 1: would take time and resolve to turn around, the company

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Speaker 1: sent the shares down further. Production snags have hampered the

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Speaker 1: comeback bid, a disappointment for investors who anticipated more of

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Speaker 1: a boost from new products. A down week four stocks,

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Speaker 1: with the S and P five hundred index posting its

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Speaker 1: first back to back weekly losses since June. More on

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Speaker 1: this from Bloomberg's Charlie Pellett.

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Speaker 3: For the week, the SMP five hundred index was down

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Speaker 3: point three percent, the now this week down point five percent,

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Speaker 3: and Nastak on the week down under point one percent.

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Speaker 3: Wall Street wrapped up a jittery week on a relatively

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Speaker 3: quiet note, with stock traders digesting the rally of the

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Speaker 3: previous two sessions in the run up to the FED

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Speaker 3: decision and the start of big tech earnings. Small caps

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Speaker 3: declined Friday, trailing the SMP five hundred index after bat

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Speaker 3: it for fourteen days. In New York. Charlie Pellet's Bloomberg.

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Speaker 1: Radio, a New York judge has approved a state jerrymander

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Speaker 1: that redrew the congressional district represented by the city's only

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Speaker 1: Republican Congresswoman, Nicole Meliatakas she talked about it in a

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Speaker 1: Bloomberg interview, we.

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Speaker 4: Fought this battle in twenty twenty two and twenty twenty

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Speaker 4: four successfully. Here we are again, and this is because

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Speaker 4: the Democrats simply can't beat me on merit, on policy,

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Speaker 4: on debate, and we're going to fight it tooth and nail,

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Speaker 4: and if we have to take it all away to

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Speaker 4: the US Supreme Court, we will.

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Speaker 1: Nicole meliatakas Republican from New York. FCC Chairman Brendan Carsey's

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Speaker 1: legitimate competition concerns in Netflix's proposed acquisition of Warner Brothers

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Speaker 1: Discovery Studios and streaming businesses, concerns he doesn't share if

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Speaker 1: Paramount Skydance were to acquire those assets. The FCC, which

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Speaker 1: regulates broadcast TV licenses, does not have jurisdiction over the

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Speaker 1: Netflix deal. Carr said there was a scenario in which

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Speaker 1: the Commission might have to review a Paramount Warner Brothers

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Speaker 1: com combination because Paramount owner of the CBSTV network, plans

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Speaker 1: to raise money from foreign sources. The Friday numbers on

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Speaker 1: Wall Street, the Dow lost two eighty five, NASDA gained

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Speaker 1: sixty five, The S and P was up two. The

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Speaker 1: tenure Treasury yield US at four point two three percent

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Speaker 1: and the two year at three point five nine percent.

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Speaker 1: That's news when you want it with Bloomberg News Now

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Speaker 1: I made Kleggy. This is Bloomberg