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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 3: stories we're following today, Karen.

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Speaker 2: Trading begins this morning with stocks at or near record

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Speaker 2: highs and chip companies are the ones doing some of

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Speaker 2: the heavy lifting. Let's get more this morning from Bloomberg's

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Speaker 2: John Tucker. John, good morning, Good morning, Nathan. You have

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Speaker 2: the dal finished out of record. The S and P

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Speaker 2: five hundred drove to within a few points of its

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Speaker 2: record close. Two of the strongest forces pushing the S

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Speaker 2: and P five hundred upward were in Vidia, up two

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Speaker 2: point four percent. Broadcom serves three point three percent. Those

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Speaker 2: are the beneficiaries of all that capex spending, But always

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Speaker 2: lingering at the background, you have worries about whether all

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Speaker 2: the huge spending out of AI is going to produce

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Speaker 2: enough profit to make the investments worth it. Andrew slim

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Speaker 2: at at Morgan Stanley Marvel's at how investors seem to

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Speaker 2: climb a wall of worry.

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Speaker 4: I think the biggest risk is we go into a

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Speaker 4: kind of a real blow off stage, and every time

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Speaker 4: I start to worry about it, you know, the market

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Speaker 4: selves correct. So I think that's you know, that's a

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Speaker 4: healthy thing. And that's why I don't think we're we're

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Speaker 4: end of cycle.

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Speaker 5: One of the interesting feature this market is the surge

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Speaker 5: of memory chip prices. It's driven a vast divide between

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Speaker 5: winners and losers. You have companies from Nintendo to big

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Speaker 5: PC brands and even Apple suppliers seeing share slump on

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Speaker 5: profitability concerns. But the memory producers, they're soaring to unprecedented heights,

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Speaker 5: you know, New York. I'm John Tucker, Bloomberg Radio.

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Speaker 3: All right, John, thank you. Meanwhile, Alphabet is selling Sterling

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Speaker 3: and Swiss frank denominated bonds for the first time, including

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Speaker 3: an ultra rare issue of a one hundred year note

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Speaker 3: following a twenty billion dollar deal in the US. Bloombergy

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Speaker 3: Tech co anchor Caroline Hyde reports is just the latest

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Speaker 3: salvo and the AI spending spree.

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Speaker 6: He's just got. Also on the heels of Oracle, having

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Speaker 6: sold twenty five billion dollars a debt at the beginning

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Speaker 6: of last week. They got one hundred and twenty nine

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Speaker 6: billion dollars of demand, a record set. You might be

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Speaker 6: bracing for four hundred billion dollars of investment grade debt

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Speaker 6: coming to Finance.

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Speaker 3: AI and bloombergy Tech co host Caroline Hide. Yesterday, Alphabet

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Speaker 3: raised twenty billion dollars and a seven part dollar debt sale,

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Speaker 3: exceeding earlier expectations for a fifteen billion dollar deal. The

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Speaker 3: offering attracted more than one hundred billion dollars of orders

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Speaker 3: at its peak, among the strongest ever for a corporate

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Speaker 3: bond offering.

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Speaker 2: Turning to the economy Now Karen, President Trump says his

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Speaker 2: pick to lead the Federal Reserve, Kevin Walsh, could get

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Speaker 2: the US economy to grow at a rate of fifteen percent.

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Speaker 2: President spoke to Fox Business.

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Speaker 7: If our new head of the FED, who I think

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Speaker 7: is going to be great, and he's he's a really

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Speaker 7: high quality person. But if he does the job that

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Speaker 7: he's capable, we can grow at fifteen percent.

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Speaker 1: I think more than that.

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Speaker 2: President Trump says Kevin Walsh was his runner up in

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Speaker 2: his last search for a FED chair. He says it

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Speaker 2: was a big mistake to pick Powell Nathan.

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Speaker 3: The Justice Department is facing new pressure to release more

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Speaker 3: information about its investigation into Jeffrey Epstein. The lawmakers who

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Speaker 3: sponsored the bill to compel the agency to unseal its

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Speaker 3: Documents were able to review the unredacted files. Republican Thomas

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Speaker 3: Massey says what he saw could lead to more criminal prosecutions.

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Speaker 8: The user interface is a little clunky at first, but

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Speaker 8: what I saw that bothered me were the names of

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Speaker 8: at least six men that have been redacted that are

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Speaker 8: likely incriminated by their inclusion in these files.

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Speaker 3: Republican Thomas Massey was joined by Democrat Rocanna. He described

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Speaker 3: those six men as quote very powerful people who raped

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Speaker 3: these underaged girls. Meanwhile, on Capitol Hill, Jeffrey Epstein's convicted

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Speaker 3: former girlfriend, Glane Maxwell, appeared for a video deposition before

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Speaker 3: the House Overside Committee, but it didn't last long.

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Speaker 4: At any point during your personal relationship with Jeffrey Epstein,

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Speaker 4: were you aware that mister Epstein was sexually abusing minor

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Speaker 4: and adult women.

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Speaker 1: I would like to answer your question, but on the

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Speaker 1: advice of counsel, are respectfully declined to answer this question

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Speaker 1: and any related questions.

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Speaker 3: Glenn Maxwell repeatedly invoke the Fifth Amendment during the five

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Speaker 3: minute hearing. It led the overside panels top Democrat Robert

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Speaker 3: Garcia to ask who is she protecting?

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Speaker 2: We turn out of Arizona, Karen, where The investigation into

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Speaker 2: the disappearance of today's show co host Savannah Guthrie's mother, Nancy,

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Speaker 2: is now into a second week. Authorities are investigating the

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Speaker 2: apparent kidnapping, with a ransom deadline set by her purported abductors,

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Speaker 2: who sent ransom notes demanding money for her return. Savannah

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Speaker 2: Guthrie released a video saying her family is at an

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Speaker 2: hour of desperation.

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Speaker 1: We believe our mom is still out there.

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Speaker 5: We need your help.

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Speaker 1: Law enforcement is working tirelessly around the clock trying to

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Speaker 1: bring her home, trying to find her. She was taken

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Speaker 1: and we don't know where, and we need your help.

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Speaker 2: Investigators believe Nancy Guthrie was taken against her will from

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Speaker 2: her home. There is growing concerned about her health doud

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Speaker 2: or need for daily medication and pre existing medical conditions.

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Speaker 3: Well Over in Europe, Nathan Keir Starmer shored up his

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Speaker 3: position as UK Prime Minister at the end of a

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Speaker 3: dramatic day in Westminster that at times seemed like he

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Speaker 3: might be forced to step down. And we get the

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Speaker 3: very latest, so Bloomberg. James Wilcock in London.

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Speaker 9: James, good morning, Good morning, Karen and Nathan. We learned

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Speaker 9: yesterday that the Labor Party is deeply unhappy, but it

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Speaker 9: isn't yet open to the idea of getting rid of

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Speaker 9: the man in the top job. Publicly, cabinet minister's back

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Speaker 9: to the Prime Minister Labor MPs in Parliament were effusive,

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Speaker 9: but privately they told Bloomberg that challengers weren't yet ready

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Speaker 9: to run rival campaigns and said that certain ministers had

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Speaker 9: quote bottled it now. Economic data is starting to improve

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Speaker 9: in the UK, but political attention is left on the

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Speaker 9: numbers and more on the dates a special election in

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Speaker 9: two weeks and a local one in May, which is

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Speaker 9: seen as the next time crisis points in London.

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Speaker 2: James Wilcock Bloomberg, Radia James, thank you staying in the UK.

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Speaker 2: Barclay says it'll return at least twenty billion dollars to

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Speaker 2: shareholders through twenty twenty eight as the bank continues to

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Speaker 2: work through long term plan to slash costs and improve

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Speaker 2: profitability to hit its new targets. Barklay says it'll make

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Speaker 2: efficiency savings, including through artificial intelligence, while allocating more capital

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Speaker 2: to its UK business at the expense of the investment Bank.

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Speaker 2: Barclay CEO cs Nkotta Krishnan tells Bloomberg the bank is

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Speaker 2: firing on all cylinders.

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Speaker 10: So I'm very happy they're all doing well. And you know,

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Speaker 10: each of the businesses produced double digitality is in the

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Speaker 10: last year, and we're expecting them to continue. The strongest

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Speaker 10: performing parts have been the ones that have come from

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Speaker 10: the furthest behind, which is our US consumer bank, which

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Speaker 10: has gone from seven percent to eleven percent, and our

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Speaker 10: investment bank, which has also gone up.

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Speaker 2: That's barclay ceocs Nkotta Krishna on the lenders' earnings for

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Speaker 2: last year beat expectations, helped by its best fourth quarter

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Speaker 2: for tra since reporting change in twenty sixteen.

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Speaker 3: Well Shares of luxury goods Giant Carrying are up eleven

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Speaker 3: and a half percent this morning. Nathan. The jump came

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Speaker 3: after the French firm release results. I suggest it is

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Speaker 3: now on a path back to growth. Carrying's key Gucci

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Speaker 3: unit saw sales fall less than expected in the final

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Speaker 3: months of twenty twenty five, dropping ten percent in the

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Speaker 3: fourth quarter. Meanwhile, annual recurring operating income at the label

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Speaker 3: exceeded estimates.

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Speaker 2: Hey Karen, Billionaire Meta Platforms founder Mark Zuckerberg is planning

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Speaker 2: to buy a property in the Miami area. Sources Tel Bloomberg.

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Speaker 2: Zuckerberg and his wife Priscilla Channer looking at purchasing a

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Speaker 2: property on Indian Creek. That's a man made island in

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Speaker 2: Biscayne Bay known as Billionaire's Bunker. Residents of the Ultra

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Speaker 2: Secure Enclave already include Jared Kushner, Ivonka Trump, Amazon founder

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Speaker 2: Jeff Bezos, billionaire Carl Icon, and former New England Patriots

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Speaker 2: quarterback Tom Brady.

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Speaker 3: Time now for look at some of the other stories

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Speaker 3: making news in New York and around the world, and

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Speaker 3: for that we're joined by A. Bloomberg's Michael Barr Michael

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Speaker 3: good Morning.

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Speaker 11: Good Morning. Karent Nurses and two major hospital systems in

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Speaker 11: New York City have reached a deal to end a

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Speaker 11: nearly month long strike over staffing levels, workplace safety, and

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Speaker 11: other issues. The tenative agreement involves Matafior and Mount Sinai

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Speaker 11: hospital systems. The three year deal still needs to be

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Speaker 11: approved by union members. Nurses remain on strike at New

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Speaker 11: York Presbyterian, where Jennifer Lynch is a nurse practitioner in

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Speaker 11: Upper Manhattan.

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Speaker 3: NYP was the only hospital here in New York City

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Speaker 3: to have mass layoffs last year.

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Speaker 11: Maria Soy is a registered nurse at New York Presbyterian.

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Speaker 12: What we want people to take away is that this

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Speaker 12: is more than abount money.

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Speaker 11: The walkout began January twelfth. The FBI says there is

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Speaker 11: no credible threat to the public in Springfield, Ohio, following

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Speaker 11: bomb threats Monday targeting the Haitian community sent to school

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Speaker 11: and county offices. Governor Mike DeWine says the email threats

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Speaker 11: were also received in other parts of the state with

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Speaker 11: similar rhetoric, but it is unclear if they were from

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Speaker 11: the same people.

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Speaker 13: County offices in Clark County began receiving bomb threats Tokyo

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Speaker 13: about it pipe bombs. These are threats that also referenced Haitians.

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Speaker 13: It was the whole essence of the threats where the

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Speaker 13: Haitians should be out, get rid.

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Speaker 7: Of the Haitians.

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Speaker 11: Governor Dwine called it a despicable act. In September twenty

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Speaker 11: twenty four, bomb threats rattled Springfield after then presidential candidate

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Speaker 11: Donald Trump and his running mate JD. Vans doubled down

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Speaker 11: on false claims that Haitian immigrants were abducting and eating

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Speaker 11: pets measles was declared eliminated in the US over twenty

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Speaker 11: five years ago. Now a resurgence is on the rise.

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Speaker 11: Health officials blame the record breaking numbers on declining vaccination rates.

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Speaker 11: The CDC says twenty six eight have reported cases from

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Speaker 11: California to Florida, where at least two universities have reported cases.

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Speaker 11: In South Carolina, at least nine hundred people have been infected.

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Speaker 11: Global News twenty four hours a day and whenever you

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Speaker 11: want it with the Bloomberg News. Now, I'm Michael Barn.

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Speaker 11: This is Bloomberg. Karen.

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Speaker 3: Well, thanks Michael. Time now for our Bloomberg Sports Update,

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Speaker 3: and for that we bring in John Stash Howard.

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Speaker 11: Thanks Karen.

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Speaker 12: Arizona was a unanimous number one in college basketball. The

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Speaker 12: Wildcats took their twenty three to zero record to Kansas,

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Speaker 12: and Arizona had an eleven point lead back came. The

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Speaker 12: Jayhawks took their first lead midway through the second half.

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Speaker 12: In Kansas won eighty two to seventy eight. Big fight

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Speaker 12: in the NBA in Detroit's win at Charlotte had happened at

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Speaker 12: the third quarter. It started between Jaleen Duran and the

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Speaker 12: Pistons and Mussa Diavata of the Hornets, Isaiah Stewart of

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Speaker 12: the Pistons left the bench. Four players were ejected. That's

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Speaker 12: your Bloomberg Sports update.

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Speaker 3: Stay with us. More from Bloomberg day Break coming up

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Speaker 3: after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. The market is trading close

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Speaker 2: to all time highs once again for stocks this morning

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Speaker 2: after a viadyal few day is particularly in the big

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Speaker 2: tech sector. This week, the attention turns to a flood

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Speaker 2: of economic data, starting with retail sales out this morning.

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Speaker 2: For more, We're joined by Bloomberg News macro strategist Adam Linton. Adam,

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Speaker 2: good morning. Have we shaken off the worst of the

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Speaker 2: software sell off?

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Speaker 14: Good morning, Good morning, and thank you for having me so. Yeah,

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Speaker 14: in terms of the softare obviously that is incredibly thematic

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Speaker 14: at the moment. But we did, of course see some

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Speaker 14: signs of life in the tech sector yesterday. If they're

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Speaker 14: looking at the pre market indications, it does appear some

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Speaker 14: of that enthusiasm is waning. I think it's just playing

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Speaker 14: to more of a broader point that was just so

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Speaker 14: much more nuance around the tech trade at the moment,

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Speaker 14: and people just have a preference to rotate out to

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Speaker 14: that given the uncertainties surrounding the landscape.

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Speaker 2: And of course we've seen you know, so much attention

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Speaker 2: on the shortage and memory chips. It's leading to a

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Speaker 2: lot of winners and losers. Big gap there.

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Speaker 14: Yeah, definitely, And again it's just playing to this point

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Speaker 14: where the tech traders has become an increasingly more nuanced

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Speaker 14: I mean, last few it was at a bit of

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Speaker 14: a divide between the likes of Nvidia and Google as

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Speaker 14: some of those large language models came online. Then, as

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Speaker 14: you mentioned, we've seen suddeny software you know plays, and

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Speaker 14: now we've seen some of the memory chip plays as well.

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Speaker 14: So this is kind of playing to a broader point

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Speaker 14: that the NASDAC could potentially continue to struggle relative to peers.

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Speaker 14: If you look at the NASDAK, it's not hitting new

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Speaker 14: high since October, and then you look at the equas

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Speaker 14: and P five hundred that's hit thirteen records without NASDAQ

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Speaker 14: one hundred hitting a single one. So it does suggest

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Speaker 14: this rotation trade as well as the tech nuance very

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Speaker 14: much remains in play.

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Speaker 2: Of course, now with Alphabet tapping into the debt markets

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Speaker 2: to try to finance its plans for one hundred and

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Speaker 2: eighty five billion dollars in AI capex this year, now

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Speaker 2: going global with that, with this one hundred year Sterling note,

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Speaker 2: what could that mean for the tech sector.

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Speaker 14: Yeah, I mean it's definitely interesting given that we saw

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Speaker 14: these setting in Alphabet shares off the back of some

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Speaker 14: of the large capex plans. But I think this is

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Speaker 14: kind of refocused minds a little bit. It shows that

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Speaker 14: there is a real solid base of investors who are

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Speaker 14: still willing to buy that debt. I mean, if you

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Speaker 14: take that sterling notes, as you mentioned, you know there's

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Speaker 14: solid pension demands in the UK looking for that. If

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Speaker 14: UK debt markets, you know, on a sovereign level of faltering,

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Speaker 14: you know, something that we have seen yesterday, then they

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Speaker 14: could potentially be looking to diversify into some of these

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Speaker 14: sectors in terms of some of the duration. I mean,

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Speaker 14: if you take like the one hundred year note that's

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Speaker 14: going to be on offer, I mean some people will

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Speaker 14: bulk at that and just not turn to that, but

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Speaker 14: it does appear to be a solid investor base willing

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Speaker 14: to buy it up.

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Speaker 2: And in our last thirty seconds here we're good. As

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Speaker 2: I mentioned, we're going to get all this economic data

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Speaker 2: starting with retail sales today, the delayed non farm payrolls

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Speaker 2: report tomorrow. Are we looking for more volatility off the

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Speaker 2: back of the economic data?

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Speaker 14: Yeah, I think the idy. I think retail sales could

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Speaker 14: provide some reprieve. I think here we saw this message

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Speaker 14: in from Hassett yesterday, like in the potential four software

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Speaker 14: jobs data. If that is the case, you could see

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Speaker 14: a potential pricing for March April, which are relatively low

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Speaker 14: in terms of FED rate cut bets.

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