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

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Speaker 1: in kleggy Well. The markets may have been closed good Friday,

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Speaker 1: but it was quite a busy day when it comes

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Speaker 1: to economic data. Bloomberg's Nathan Hager has the recap.

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Speaker 2: We got the Federal Reserves preferred measure of inflation, the

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Speaker 2: core PCE deflator, and it came in a bit cooler

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Speaker 2: than expected, with a three tenths of one percent increase

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Speaker 2: from January. That was after a half percent game that month,

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Speaker 2: making it the biggest back to back increase in a year,

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Speaker 2: digging deeper. Services inflation came in a bit weaker than expected.

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Speaker 2: At the same time, consumer spending blue passed all estimates

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Speaker 2: on the back of the biggest wage gains in more

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Speaker 2: than a year. All this suggests the Fed will still

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Speaker 2: be in no rush to cut interest rates. They get

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Speaker 2: one more PCE reading before the next strate decision may

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Speaker 2: first in New York. Nathan Hager, Bloomberg Radio.

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Speaker 1: And this all led to Federal Reserve Chair Jerome Powell

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Speaker 1: repeating that the US Central Bank is not in any

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Speaker 1: rush to cut interest rates.

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Speaker 3: The economy is strong. We see very strong growth. We

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Speaker 3: had growth for last year over three percent. Many forecasters

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Speaker 3: see growth coming down to around two percent this year.

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Speaker 3: That's about roughly what the first quarter looks like. That

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Speaker 3: means that we don't need to be in a hurry

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Speaker 3: to cut It means we can wait and become more

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Speaker 3: confident that, in fact, inflation is coming down to two

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Speaker 3: percent on a sustainable basis.

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Speaker 1: Powell spoke Friday at an event at the San Francisco

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Speaker 1: FED the insatiable demand for electricity in the US will

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Speaker 1: overpower headwinds facing the solar industry. We get details from

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Speaker 1: Bloomberg's Joan Donnegher.

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Speaker 4: The CEO of next Tracker, which provides sun tracking equipment

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Speaker 4: and software that serves the bones and nervous systems of

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Speaker 4: solar plants, says for the solar industry, this is showtime

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Speaker 4: because utilities are desperate to line up new supplies to

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Speaker 4: meet the demands of data centers, evs, plug in hybrids,

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Speaker 4: and electric heating and cooling systems. Since solar is one

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Speaker 4: of the cheapest and faster options, he's Bloomberg, he expects

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Speaker 4: a lot more of it is going to be built.

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Speaker 4: Joan Donoker, Bloomberg Radio.

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Speaker 1: Amazon is planning some big investments as it plans for

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Speaker 1: an expected boom in artificial intelligence. Bloomberg's Nancy Lions has more.

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Speaker 5: Amazon says it plans to spend up to one hundred

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Speaker 5: and fifty billion dollars over the next fifteen years to

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Speaker 5: expand its data center business. Amazon dominates the cloud services

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Speaker 5: market twice the share of Microsoft, and it wants to

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Speaker 5: maintain that edge. Much of the expansion is geared to

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Speaker 5: meeting a rise in demand for file storage and databases,

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Speaker 5: but it's also to provide the computing power needed for

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Speaker 5: the boom and AI applications. I'm Nancy Lions. Bloomberg Radio.

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Speaker 1: Two Sigma Investments disclosed that a year's long dispute between

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Speaker 1: its billionaire co founders is continuing to pose material risks

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Speaker 1: to clients and affect its ability to keep staffers from leaving.

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Speaker 1: With a twelve year veteran of the sixty billion dollar

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Speaker 1: hedge fund set to depart, co founder is John Overdek

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Speaker 1: and David Siegels still I will disagree on the authority's

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Speaker 1: responsibilities and compensation for their own roles, as well as

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Speaker 1: a range of senior executives, including chief investment officers. The

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Speaker 1: firm said this in an updated regulatory filing Friday. Their

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Speaker 1: rift also extends to how teams are structured, corporate governance,

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Speaker 1: in oversight matters, and succession planning. It's affecting Two Sigma's

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Speaker 1: ability to retain and attract employees, including very senior employees.

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Speaker 1: The firm said this, adding that the ability to achieve

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Speaker 1: client mandates could be impacted over time. David Cohen, the

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Speaker 1: global head of investor Relations, who has been at two

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Speaker 1: Sigma for twelve years, is departing in May for a

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Speaker 1: new opportunity, according to an investor letter seen by Bloomberg,

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Speaker 1: is being replaced by Chris busby the firm's head of

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Speaker 1: growth and strategy for Europe, the Middle East and Africa.

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Speaker 1: And Lou Gossett Junior, the first black man to win

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Speaker 1: a Supporting Actor Oscer and an Emmy winner for his

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Speaker 1: role in the Seminole TV mini series Roots, has died.

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Speaker 1: He was eighty seven. Gossett's first cousin, Neil L. Gossto

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Speaker 1: the Associated Press that the actor died Thursday night in

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Speaker 1: Santa Monica, California. No cause of death was revealed. Gossip's

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Speaker 1: cousin remembered a man who walked with Nelson Mandela and

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Speaker 1: who also was a great joke teller, a relative who

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Speaker 1: faced and fought racism with dignity and humor. He aired

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Speaker 1: his first acting credit in his Brooklyn High School's production

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Speaker 1: of You Can't Take It with You while he was

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Speaker 1: sidelined for the basketball team with an injury. His English

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Speaker 1: teacher then urged him to go into Manhattan try oupher

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Speaker 1: take a giant step. He got the part, and then

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Speaker 1: he made his Broadway debut in nineteen fifty three when

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Speaker 1: he was only sixteen. He attended New York University on

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Speaker 1: a basketball in Drama scholarship, and he became a very

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Speaker 1: familiar face in television and in movies for the next

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Speaker 1: several decades. Simply put, he made it. That's news when

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Speaker 1: you want it with Bloomberg News. Now I met Kleggi

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Speaker 1: and this is Bloomberg