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

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Speaker 1: Doug Krisner.

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Speaker 2: What a great reorientation by starship.

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Speaker 3: Well three down to two into the water.

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Speaker 1: Sounds from the launch of the SpaceX Starship rocket from

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Speaker 1: South Texas earlier today in a key test attended by

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Speaker 1: President elect Trump. Now minutes into the flight, SpaceX scrapped

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Speaker 1: plans to attempt to catch that super heavy booster in

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Speaker 1: mid air with those giant mechanical arms, although the move

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Speaker 1: was successfully completed during the last test flight. Today, the

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Speaker 1: booster performed a controlled landing in the Indian Ocean. President

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Speaker 1: elect Trump has been busy assembling his cabinet. He has

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Speaker 1: nominated TV host doctor mehmet Oz to lead the Centers

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Speaker 1: for Medicare and Medicaid services, and Trump may be also

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Speaker 1: getting closer to a decision on Treasury secretary. Bloomberg News

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Speaker 1: has learned his team has talked about pairing form or

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Speaker 1: FED Governor Kevin Walsh in the Treasury role with Hedge

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Speaker 1: fund manager Scott Bessant as a top economic advisor. Here

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Speaker 1: is Bloomberg Senior Washington correspondent Salaia Mosen.

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Speaker 2: We still don't know who is going to be Treasure Secretary,

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Speaker 2: and you know, I don't see how Trump can decide

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Speaker 2: what the rest of the team can look like until

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Speaker 2: he's filled and decided on a candidate for that very

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Speaker 2: key post. We know what his economic agenda is. We

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Speaker 2: know that he wants to go very strong on tariffs,

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Speaker 2: and he wants a Treasury secretary with Wall Street pedigree

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Speaker 2: who will carry forth and implement an agenda that is

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Speaker 2: a heavy unprotectionist.

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Speaker 1: That is Bloomberg Salaia Mosen. She went on to say

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Speaker 1: there is some concern in the Trump camp that Walsh

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Speaker 1: may not be protectionistic enough. Meantime, Trump has elected Canter

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Speaker 1: Fitzgerald CEO Howard Lutnik to lead the Commerce Department. It's

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Speaker 1: a central pick in an administration intent on deploying sweeping tariffs.

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Speaker 1: We got reaction from Bloomberg's Nancy Cook. She says. Lutnick,

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Speaker 1: who was in contention to lead Treasury, will still have

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Speaker 1: an influence in the White House.

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Speaker 3: So Lutne getting the Commerce Secretary, I mean, it's still

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Speaker 3: a huge position, still has a ton of power in

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Speaker 3: the federal government, but it is not sort of the

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Speaker 3: plumb job that he had wanted.

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Speaker 1: That is Bloomberg's Nancy Cook. Now Lutnik is one of

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Speaker 1: Trump's most prominent backers on Wall Street. The House Ethics

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Speaker 1: Committee is weighing whether to release the findings of a

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Speaker 1: probe into Republican Matt Gates of Florida. It carries increased

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Speaker 1: significance since Gates has been tapped by President elect Trump

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Speaker 1: to serve as the next Attorney General. We have more

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Speaker 1: from Bloomberg's Amy Morris and Washington.

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Speaker 4: Senators in both parties are requesting more information on the

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Speaker 4: House Ethics probe of Gates ahead of his confirmation process.

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Speaker 4: Gates has denied any wrongdoing, and Axios reports Donald Trump

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Speaker 4: has been personally appealing to senators to support the nominee.

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Speaker 4: The House Ethics Committee, which is under pressure to release

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Speaker 4: its findings, plans to meet tomorrow. Republican House Speaker Mike

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Speaker 4: Johnson has urged the panel to keep its findings confidential.

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Speaker 4: The Justice Department investigated allegations that Gates had sex with

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Speaker 4: a minor in exchange for money, but then decided in

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Speaker 4: February of twenty twenty three to not file any charges

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Speaker 4: against him. In Washington. Amymore as Bloomberg Radio.

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Speaker 1: Moving to earnings next Walmart boosted its outlook for the

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Speaker 1: full year on strong demand from US consumers searching for value.

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Speaker 1: Joe Feldman is senior research analyst at the Telsa Advisory Group.

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Speaker 1: He says Walmart has become more than just a retailer.

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Speaker 5: What's amazing is they're driving their business with increased traffic,

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Speaker 5: increased unit sales. Those are the good things you want

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Speaker 5: to see. It's not just ticket. Ticket's part of it,

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Speaker 5: but it's really because they're getting more people and doing

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Speaker 5: more frequently.

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Speaker 1: That is Joe Feldman of the Telsea Advisory Group. Shares

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Speaker 1: and Walmart picked up three percent in the regular session

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Speaker 1: in the US. Tomorrow, all eyes will be on Nvidia

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Speaker 1: after the bell, the company will be reporting its latest

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Speaker 1: quarter results. These numbers will show whether the leading chip

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Speaker 1: maker can continue its remarkable run, fueled, of course, by

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Speaker 1: spending on artificial intelligence hardware. It was over the weekend

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Speaker 1: the information reported in video. Has in recent months asked

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Speaker 1: its suppliers to change the design of server racks for

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Speaker 1: its new Blackwell GPU. The change apparently is due to

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Speaker 1: a problem with overheating. Here is Dan Newman, the CEO

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Speaker 1: of Futuream Group.

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Speaker 3: If there are design changes, we may be seeing them

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Speaker 3: happening on the fly, and it doesn't seem to be

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Speaker 3: stopping progress. But I think everybody on the call tomorrow

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Speaker 3: is going to be kind of listening for any inkling

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Speaker 3: of is it slowing down and is there enough to

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Speaker 3: demand to fill any gaps if there was any delays

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Speaker 3: or cancelation.

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Speaker 1: Dan Newman there of the FUTUREAM Group today shares in

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Speaker 1: in video. We're up nearly five percent in the regular session.

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Speaker 1: Also tomorrow, Comcast will announce it's moving forward with a

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Speaker 1: plan to spin off its NBC Universal cable TV networks.

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Speaker 1: The company will separate off entertainment and news channels. However,

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Speaker 1: Bravo will stay in the mothership, along with the Peacock

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Speaker 1: streaming service and the NBC broadcasting network. And tomorrow before

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Speaker 1: the opening bell will get earnings from Target. The retailer's

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Speaker 1: progress on sales improvement will be in the spotlight. And

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Speaker 1: that is news when you want it. With Bloomberg News Now,

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Speaker 1: I'm Doug Prisner, and this is Bloomberg