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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. Some ship insurers are beginning to

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Speaker 1: avoid covering US and UK merchant ships against war risks

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Speaker 1: in the Red Sea. Yemen's hooty rebels are targeting ships

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Speaker 1: from the US, the UK and Israel. We heard earlier

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Speaker 1: from Bloomberg's Alex Longley.

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Speaker 2: These risks are huge. There are missile attacks pretty much

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Speaker 2: every day, and as a result, the cost of insurance

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Speaker 2: has spiked. So generally these prices are quoted as a

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Speaker 2: percentage of the value of a ship, and generally a

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Speaker 2: fraction of that cost is what goes to your war cover,

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Speaker 2: and you pay it while you're in that dangerous area.

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Speaker 2: So normally we see ship trading at tiny, tiny fractions

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Speaker 2: of a percent, so point zero one percent in normal

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Speaker 2: times or something like that, and now we're seeing one percent.

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Speaker 1: Bloomberg's Alex Longley the who do you say that the

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Speaker 1: attacks will continue as long as Israel continues it's offensive

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Speaker 1: in Gaza. Meantime, defense officials say the US struck and

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Speaker 1: destroyed who the anti ship missiles located in Yemen. We

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Speaker 1: get more from Bloomberg's Pentagon reporter Tony Capaccio.

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Speaker 3: This is a preactive strike, which is pretty interesting as

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Speaker 3: opposed to a reactive strike. So I'm thinking you're going

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Speaker 3: to see more of these tit for tat, or maybe

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Speaker 3: even before tack happens.

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Speaker 1: More targeting is expected in the coming days. President Biden

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Speaker 1: will meet congressional leaders to discuss Ukraine aid. How Speaker

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Speaker 1: Mike Johnson's Senate Majority leader Chuck Schumer will be among

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Speaker 1: the congressional leaders joining. They will discuss billions of dollars

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Speaker 1: of fresh aid for Ukraine that has stalled on Capitol Hill.

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Speaker 1: Onto the primary in New Hampshire, and Bloomberg's Ed Baxter

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Speaker 1: reports things are beginning to heat up.

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Speaker 4: Nicki Haley has been very careful not to directly attack

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Speaker 4: Donald Trump, but one day after Iowa iss she's calling

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Speaker 4: him a bully and a liar. Trump lamb based Haley

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Speaker 4: as a disaster. Now this all comes with polling that

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Speaker 4: shows the two very close. In New Hampshire. Real Clear

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Speaker 4: Politics has Trump by about fourteen points, but the American

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Speaker 4: Research Group even called it dead even at forty four percent,

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Speaker 4: with Ron Destatus at only four percent. Tomorrow's schedule debate

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Speaker 4: has been canceled because Haley declined if Trump wasn't going

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Speaker 4: to be there at Baxter Bloomberg Radio.

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Speaker 1: A federal US judge has blocked Jet Blues three point

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Speaker 1: eight billion dollar acquisition of Spirit Airlines. The judge agreed

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Speaker 1: with the Justice Department that a merger would stifle competition

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Speaker 1: and drive up fares. Bloomberg Jennifer Reed thinks an appeal

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Speaker 1: is unlikely.

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Speaker 3: It's a really.

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Speaker 5: High standard to get it reversed on appeal because the

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Speaker 5: appellate panel has to give deference to that decision and

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Speaker 5: the way the lower court judge interpreted the witness's evidence

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Speaker 5: in the documents, and so I think it's a really

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Speaker 5: tough thing to do, and it's going to push them

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Speaker 5: very close to their deal end date because it could

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Speaker 5: really take another six months.

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Speaker 1: Spirit shares down forty seven percent. In New York, the

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Speaker 1: US Supreme Court refused to consider an appeal from Apple

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Speaker 1: in an anti trust suit challenging the company's lucrative app store.

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Speaker 1: Bloomberg's Karen Moscow has more.

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Speaker 6: Both Apple and Fortnite maker Epic Games had asked the

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Speaker 6: court to hear an appeal related to the case. The

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Speaker 6: justices turned down both requests without explanation. The High Court's

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Speaker 6: decision will allow an appeals court ruling to go into effect,

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Speaker 6: letting developers direct iPhone users to cheaper purchasing options outside

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Speaker 6: of Apple's system. The company charges developers a commission of

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Speaker 6: as much as thirty percent for digital goods and services

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Speaker 6: sold through its app store. The decision will likely affect

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Speaker 6: billions of dollars in revenue for the iPhone maker. Karen

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Speaker 6: Moscow Bloomberg Radio.

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Speaker 1: China's GDP grew five point two percent last year, matching estimates.

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Speaker 1: The official target was around five percent. The economy expanded

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Speaker 1: five point two percent as well in the fourth quarter.

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Speaker 1: It was only up one percent sequentially, though from the

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Speaker 1: prior quarter. As to the December output, industrial production rose

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Speaker 1: six point eight percent from a year ago, slightly above estimates,

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Speaker 1: and retail sales grew seven point four percent. That was

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Speaker 1: less than a forecast of eight percent. And that's news

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Speaker 1: when you wanted with Bloomberg News. Now, I'm Brian Curtis.

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Speaker 1: This is Bloomberg