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

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin in Washington, where, after just four days,

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Speaker 3: the partial government shutdown is over. President Trump has signed

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Speaker 3: his deal with Senate Democrats to reopen the government with

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Speaker 3: less than two weeks of funding for the Department of

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Speaker 3: Homeland Security. That's to allow more time to negotiate on

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Speaker 3: democrats demands on new limits for immigration enforcement. President Trump

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Speaker 3: says the new law won't stop his immigration agenda.

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Speaker 4: It continues to fund deportation flights that are removing dangers

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Speaker 4: illegal aliens from our country. It continues historically successful efforts

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Speaker 4: to reduce crime in our nation's capital. We have a

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Speaker 4: very safe center right now.

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Speaker 3: That was President Trump at the Oval Office bill signing

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Speaker 3: herd live on Bloomberg Radio. Bloomberg's Eric Wasson reports lawmakers

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Speaker 3: now have just nine days to come to an agreement

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Speaker 3: done reining in ice agents.

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Speaker 5: Democrats have a long list of demands, including judicial warrens

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Speaker 5: and kicking masks off that Republicans are really not willing

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Speaker 5: to entertain, and it's just very hard. The House would

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Speaker 5: have to pass this very early next week for the

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Speaker 5: Senate in order to take it up and get it

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Speaker 5: done by February thirteenth. I don't see that happening, Bloomberg.

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Speaker 3: Eric Wanson reports if they don't reach a deal by

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Speaker 3: next Friday, FEMA and TSA employees could start to miss paychecks.

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Speaker 3: ICE and Border Patrol would continue to receive funds under

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Speaker 3: President Trump's One Big, Beautiful Tax and Spending Cut law.

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Speaker 2: We now turn to geopolitics. Nathan Bloomberg News has learned

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Speaker 2: Iran is asking the US to move diplomatic talks this

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Speaker 2: Friday from Turkey to Oman cursus A. Tehran wants the

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Speaker 2: talks to focus only on Around's nuclear activities and not

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Speaker 2: its support for proxy Milicious in the Middle East and

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Speaker 2: its ballistic missiles. President Trump has threatened to strike Iran

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Speaker 2: if it does not agree to a deal, which his

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Speaker 2: administration has signaled must include Iron's missiles and malicious support.

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Speaker 3: Back in Washington, Karen, the dates are set for Bill

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Speaker 3: and Hillary Clinton to testify about their ties to Jeffrey Epstein.

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Speaker 3: The House Oversight Committee says the former president will appear

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Speaker 3: before the panel on February twenty seventh, the former Secretary

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Speaker 3: of State will testify. The day before, February twenty sixth,

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Speaker 3: the full House had planned to hold a criminal contempt

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Speaker 3: vote against the Clintons if they continued to defy subpoenas.

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Speaker 3: President Trump commented on it in the Oval Office.

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Speaker 6: So that takes care of Epstein as far as Trump

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Speaker 6: is concerned. But you have a lot of Democrats out

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Speaker 6: there that are very much involved with Epstein. But I'll

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Speaker 6: be honest with you, You got to get back to running.

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Speaker 3: The country, President Trump, again, speaking in the Oval Office.

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Speaker 3: The Oversight Committee says the Clintons have agreed to appear

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Speaker 3: for transcribed filmed depositions behind closed doors. The Clinton's attorneys

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Speaker 3: say they want the hearings open to the public to

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Speaker 3: address their concerns about fairness.

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Speaker 2: We now turn to the markets, Nathan, where S and

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Speaker 2: P futures are little changed and gold is nearing fifty

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Speaker 2: one hundred dollars an hound see Yesterday techdocs fell led

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Speaker 2: by the recent sell off led by software stocks and

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Speaker 2: Bloomberg's John Tucker joins us with the latest John and Karen.

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Speaker 7: The theme that seems to have gripped investors is that

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Speaker 7: AI is going to be able to do much of

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Speaker 7: the stuff that software companies do, making their products far

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Speaker 7: less important. That was reinforced when the AI firm Anthropic

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Speaker 7: released an AI tool that does legal work. It looks

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Speaker 7: like a case is sell now and ask questions later.

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Speaker 7: Add to that the fact that investors are growing impatient

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Speaker 7: about returns for all that CAPEX spending. Anika Gupta is

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Speaker 7: at Wisdom Tree.

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Speaker 2: Given the fact that now we're seeing CAPEX intentions rise

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Speaker 2: sixty to eighty percent and the rising of very high levels,

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Speaker 2: we're now starting to see investors become a lot.

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Speaker 4: More discerning now.

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Speaker 7: In this environment, Microsoft has been crushed down close to

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Speaker 7: three percent yesterday, the software giant down close to twenty

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Speaker 7: five percent from October New York. I'm John Tucker, Bloomberg Radio, John.

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Speaker 3: Thanks, Big tech earnings continue today. When Alphabet reports this afternoon,

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Speaker 3: we get a preview from Bloomberg's Tom Busby.

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Speaker 8: Google's parent company. Alphabet expected to post solid revenue and

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Speaker 8: profit growth for last quarter, with its cloud computing division

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Speaker 8: expected to get a big boost from the release of

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Speaker 8: its latest Gemini AI models, which it also integrated into

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Speaker 8: its Google Search and its Chrome browser. Like rivals Meta

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Speaker 8: and Microsoft, A big focus for investors, though, is all

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Speaker 8: the spending it's done on AI infrastructure and efforts to

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Speaker 8: power its data centers. Bloomberg consensus calls for revenue of

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Speaker 8: one hundred eleven point four billion dollars on earnings per

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Speaker 8: share of two dollars sixty five cents. Tom buzby Bloomberg Radio.

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Speaker 2: All right, Tom, thank you well. Sticking with earning. Shares

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Speaker 2: of Advanced micro Devices down more than seven percent in

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Speaker 2: early trading. The chip makers are for top analyst estimates,

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Speaker 2: but its sales forecast underwhelmed investors. It's a sign that

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Speaker 2: AMD is not making the kind of AI inrows that

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Speaker 2: some investors anticipated.

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Speaker 3: Another chip maker is soaring in the pre market care,

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Speaker 3: and that's Silicon Labs. Those shares are up more than

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Speaker 3: thirty two percent. The Financial Times is reporting Silicon labses

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Speaker 3: and talks to me acquired by Texas Instruments for around

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Speaker 3: seven billion dollars.

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Speaker 2: Nathan Bloomberg News has learned Nvidia is nearing a deal

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Speaker 2: to invest twenty billion dollars in open Ai as part

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Speaker 2: of its latest funding round. It marks a chit maker's

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Speaker 2: single biggest investment in the chat GPT developer open Ai

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Speaker 2: is looking to raise up to one hundred billion dollars

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Speaker 2: in funding for a new round, with much of that

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Speaker 2: coming from large tech firms in Europe.

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Speaker 3: Parent's shares of Novo Nordisk are plunging more than seventeen percent.

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Speaker 3: The pharma giant's warning of a steep decline in sales

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Speaker 3: of its drugs. It says those sales will fall with

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Speaker 3: as much as thirteen percent. Novo blames increased competition and

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Speaker 3: lower prices for its blockbuster weight loss medicines, driven by

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Speaker 3: a US government push to bring down drug costs. We

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Speaker 3: spoke with Novo's CEO, Mike Doustar.

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Speaker 9: Of course, I can understand that negative numbers are not

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Speaker 9: good news to the market, but once again, this is

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Speaker 9: something that we had anticipated and the obesity market is

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Speaker 9: quite dynamic and the reason the range has its numbers

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Speaker 9: on each end and it is because so many things

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Speaker 9: can happen.

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Speaker 3: Novanordesk CEO Mike Deustar says this company will start a

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Speaker 3: new share buy backworth as much as two point four

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Speaker 3: billion dollars.

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Speaker 2: Nathan shares of UBS they are down almost five percent.

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Speaker 2: The Swiss Leander reported stronger than expected earnings and also

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Speaker 2: announced a three billion dollar share buyback, but client inflows

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Speaker 2: for its wealth management unit fell well short of expectations.

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Speaker 2: We spoke earlier, was CEO Sergio or Modi.

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Speaker 10: The investment bank is growing well in the areas where

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Speaker 10: we want to compete. Asset management is doing a good job,

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Speaker 10: and the Swiss business is also holding up well despite

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Speaker 10: the low rates or negative rates almost environment. And we're

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Speaker 10: making also good progress on the integration. Eighty five percent

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Speaker 10: of the Swiss clients of Credit Swiss had been migrated.

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Speaker 10: We are delivering on our capital returns, so I can

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Speaker 10: only be happy.

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Speaker 2: To be honest, ubs CEO Sergio or Modi says. The

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Speaker 2: bank broadly maintained its previously signaled financial targets.

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Speaker 3: For the U and a notable Central Bank move Karen

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Speaker 3: Federal Reserve Governor Stephen Myron is stepping down from his

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Speaker 3: post leading the White House's Council of Economic Advisors. Myron

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Speaker 3: had been on unpaid leave from his White House role

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Speaker 3: after President Trump nominated him to the FED Board in

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Speaker 3: September on a temporary basis to fill a vacated seat.

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Speaker 3: That drew criticism from Senate Democrats, who said Myron on

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Speaker 3: the FED undermined the Central Bank's credibility.

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Speaker 2: Time now for a look at some of the other

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Speaker 2: stories making news in New York and around the world.

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Speaker 2: And for that we're joined by Bloomberg's Michael Barr Michael,

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Speaker 2: Good Morning, Good Morning Karen.

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Speaker 11: And ongoing search continues for the eighty four year old

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Speaker 11: mother of Today's show host Savannah Guthrie. Nancy Guthrie was

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Speaker 11: reported missing in Pima County, Arizona Sunday. Investigators also found

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Speaker 11: evidence showing there was a nighttime kidnapping. Police now trying

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Speaker 11: to determine if alleged ransom notes are real. Pima County

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Speaker 11: Sheriff Chris Nano spoke to reporters.

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Speaker 8: You're asked if there was any ransom, and you didn't

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Speaker 8: say no.

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Speaker 12: You said, we're following all leads. Does that mean a

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Speaker 12: ransom has come in?

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Speaker 11: We are following all leads we have. That's all I

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Speaker 11: can tell you.

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Speaker 13: Get We've got hundreds of leads.

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Speaker 11: Sheriff Nano says, Nancy Guthrie relies on medication that she

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Speaker 11: has to take daily. The Trump administration has been sued again,

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Speaker 11: this time by the states of New York and New

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Speaker 11: Jersey over its cutoff of financing for the sixteen billion

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Speaker 11: dollar Gateway rail tunnel under the Hudson River, a day

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Speaker 11: after the public commission overseeing the project filed as suit.

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Speaker 11: The States allege in a complaint Tuesday that the suspension

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Speaker 11: of funds for the Hudson Tunnel project is a politically

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Speaker 11: motivated attempt to punish and coerce those with whom the

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Speaker 11: president disagrees. The NFL says there's no planned ice enforcement

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Speaker 11: at Super Bowl sixty in Santa Clara, California. NFL's chief

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Speaker 11: security officer Kathy Lanier the.

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Speaker 14: Federal presence here is consistent with past Super Bowls and

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Speaker 14: other sporting OF's, like what you will see around the

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Speaker 14: World Cup in the Olympics as well. There are no

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Speaker 14: planned ice or immigration enforcement operations that are scheduled around

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Speaker 14: the super Bowl or any of the Super Bowl related events.

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Speaker 11: NFL's chief security officer, Kathy Lanier. The mayor of San Jose,

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Speaker 11: next door to Santa Clara, says he too, has been

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Speaker 11: told by federal agencies there will be no immigration enforcement

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Speaker 11: that could disrupt Super Bowl events. A Doberman pincher named

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Speaker 11: Tenny won Best in Show in the one hundred and

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Speaker 11: fiftieth Westminster Kennel Club Dog Show last night. The four

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Speaker 11: year old beat out six other finalists at the show

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Speaker 11: at New York's Madison Square Garden. Global News twenty four

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Speaker 11: hours a day and whenever you want it with Bloomberg

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Speaker 11: News Now. Michael Barram, this is Bloomberg, Karen.

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Speaker 8: Thanks Michael.

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Speaker 2: Time now for our Bloomberg Sports update, and for that

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Speaker 2: you bring in John stashauerd Thanks Daring.

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Speaker 13: A bunch of trades ahead of tomorrow's NBA trade deadline.

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Speaker 13: James Harden goes from the LA Clippers to Cleveland for

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Speaker 13: Darius Garland. A swap of point guards. Veteran Jaron Jackson

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Speaker 13: goes from Memphis to Utah. He was with the Grizzlies

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Speaker 13: for eight years. Point guard Mike Conley moves from Minnesota

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Speaker 13: to Chicago, and center Nicolovich goes from Chicago to Boston.

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Speaker 13: US flag bearers at Friday's opening ceremonies will be Bob's Letter,

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Speaker 13: Frank del Duca, and speed skater Aaron Jackson. That's your

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Speaker 13: Bloomberg Sports update.

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Speaker 2: Stay with us. More from Bloomberg Day Break coming up

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Speaker 2: 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 Out. This is Bloomberg Daybreak.

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Speaker 3: Good morning. I'm Nathan Hager. The partial government shutdown maybe

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Speaker 3: over at four days, but an even tougher fight remains

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Speaker 3: on Capitol Hill over funds from immigration enforcement. House Speaker

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Speaker 3: Mike Johnson says he's ready for it.

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Speaker 7: They say they want a real negotiation with President Trump

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Speaker 7: and Republicans over immigration enforcement policy, and we are happy

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Speaker 7: to have that debate.

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Speaker 3: And that was how Speaker Mike Johnson an on Capitol Hill.

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Speaker 3: For more, We're joined by Bloomberg DC Breaking News editor

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Speaker 3: Alexander Pearson. Alex how big a fight are lawmakers in

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Speaker 3: for now over the next nine days?

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Speaker 12: Good morning, Good morning, Nathan. Yeah, the fight is probably

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Speaker 12: going to be a very big one. The gap between

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Speaker 12: the Republicans and the White House on the one hand,

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Speaker 12: and Democrats on the other is still very large. So

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Speaker 12: despite the fact that they came to this agreement to

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Speaker 12: reopen parts of the government that were shut down, there

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Speaker 12: is only now nine days to come to an agreement

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Speaker 12: on restrictions that Democrats have demanded on immigration rewinforcement. The

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Speaker 12: problem is is that Republicans are not accepting many of

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Speaker 12: those demands. Those include things like no immigration officers, not

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Speaker 12: wearing masks, no identification, wearing identification, stopping roving operations in cities,

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Speaker 12: and for the most part, Republicans don't want to agree to

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Speaker 12: any of these. The Democrats are, for their part, say

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Speaker 12: that they are not going to accept anything that does

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Speaker 12: not meet some at least some of those demands. So

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Speaker 12: it's very likely that next week we could be seeing

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Speaker 12: another partial shutdown that would affect the Department of Homeland Security.

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Speaker 3: How would that partial shut down affect the Department of

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Speaker 3: Homeland Security specifically, because we understand that even if there

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Speaker 3: were a shutdown, ICE and Border Patroller are still funded

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Speaker 3: under the tax and spending cut law.

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Speaker 12: Right, Yeah, that's right, So there's unlikely to be any

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Speaker 12: major disruptions to IO border Patrol because of the funding

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Speaker 12: that was passed last year, those agency, those operations could

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Speaker 12: still tap into that funding for some time. What would

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Speaker 12: be affected very quickly would be TSA and also FEMA,

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Speaker 12: so people working in those services would miss a paycheck

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Speaker 12: after if there is no funding agreement by the end

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Speaker 12: of next week, and that of course could be quite disruptive,

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Speaker 12: particularly for anyone who's planning to travel to fly.

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Speaker 3: See some major news later on this month, when Bill

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Speaker 3: and Hillary Clinton testify about their Jeffrey Epstein ties to

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Speaker 3: the House Oversight Committee. A subpoena against a former president

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Speaker 3: is almost unheard of, Alex.

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Speaker 12: Yeah, that's rights. It has happened before, but it's an

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Speaker 12: extremely rare event. And you know, this is obviously going

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Speaker 12: to be a very high profile hearing. At the moment,

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Speaker 12: it is said to be behind closed doors. It will

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Speaker 12: be filmed and recorded, but they won't we won't see

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Speaker 12: it live. That of course could still change, but that's

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Speaker 12: how it's being done right now. And certainly, yeah, it's

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Speaker 12: it's a very significant event given that we've not seen

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Speaker 12: for many decades a former president testifying to a congressional committee.

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Speaker 3: Why the focus on the Clinton specifically by the House

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Speaker 3: Oversight Panel, as far as we understand.

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Speaker 12: The well, the focus is really their ties to Jeffrey Epstein.

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Speaker 12: Certainly we know from the files of were released by

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Speaker 12: the Department of Justice, and also prior to that that

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Speaker 12: there were close contacts between Bill Clinton and Epstein, you know,

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Speaker 12: in previous decades. For his part, the former president says

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Speaker 12: he was not aware of any crimes that Epstein committed,

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Speaker 12: and you know it was not involved in any wrongdoing,

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Speaker 12: but the House Oversight Committee will want to really check

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Speaker 12: what those ties were and how that might have affected

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Speaker 12: federal enforcement in terms of investigating Epstein and his ties

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Speaker 12: to various parts of the government.

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