Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Risner.
Speaker 1: The Huthi militia in Yemen has vowed to retaliate after
Speaker 1: US military strikes on targets controlled by the group on Sunday,
Speaker 1: a US Defense Secretary Pete Hegseth said the strikes will
Speaker 1: be unrelenting until the militant stopped shooting at civilian and
Speaker 1: military vessels in the Red Sea. Here is Hegseth speaking
Speaker 1: on Fox News.
Speaker 2: This campaign is about freedom of navigation and restoring deterrence.
Speaker 2: The minute the Houthies say we'll stop shooting at your ships,
Speaker 2: we'll stop shooting at your drones, this campaign will end.
Speaker 2: But until then it will be unrelenting.
Speaker 1: That is US Defense Secretary Pete Hegseth speaking earlier on
Speaker 1: Fox News Now. According to the Houthi controlled Saba news agency,
Speaker 1: the ruling political council said maritime operations will continue until
Speaker 1: the Gaza blockade is lifted. President Trump may be speaking
Speaker 1: with Russian President Vladimir Putin this week as the US
Speaker 1: pushes for a quick ceasefire to end the war in Ukraine.
Speaker 1: That's according to White House Special Envoy Steve Whitkoff. Here
Speaker 1: is Whitcoff speaking with CNN's State of the Union.
Speaker 2: I expect that there'll be a call with both presidents
Speaker 2: this week, and we're also continuing to engage and have
Speaker 2: conversation with the Ukrainians.
Speaker 1: That is White House Special Envoys Steve Whitcoff, speaking earlier
Speaker 1: on CNN's State of the Union. Last week in Moscow,
Speaker 1: Witkoff met with Putin, but the Russian leader balked at
Speaker 1: a US appeal for an immediate ceasefire. Putin said issues
Speaker 1: still need to be resolved. Also last week, Ukraine agreed
Speaker 1: to terms of a truce in a meeting with US officials.
Speaker 1: In Saudi Arabia, l Salvador has taken more than two
Speaker 1: hundred prisoners whom the US has accused of being part
Speaker 1: of the Trendiraguo gang. This has raised concern about whether
Speaker 1: the Trump administration violated a court order. Earlier, a federal
Speaker 1: district judge issued a temporary restraining order blocking the government
Speaker 1: from deporting any migrants under the Alien Enemies Act of
Speaker 1: seventeen ninety eight. Israeli Prime Minister Benjamin Netnyah, who is
Speaker 1: planning to fire Ronan Barr, the head of the Domestic
Speaker 1: Security Service. Shin bet net Yahu and Barr have quarreled
Speaker 1: over the responsibility for the October seventh attack and for
Speaker 1: hostage negotiations. Barr is intending to fight his dismissal, citing
Speaker 1: his duty to complete key investigations, bringing home hostages and
Speaker 1: preparing for a possible resumption of combat in Gaza. We
Speaker 1: moved to markets next. US Treasury Secretary Scott Besson is
Speaker 1: not worried about the recent downturn for US stocks. Last week,
Speaker 1: the S and P five hundred dipped into a correction
Speaker 1: on concern over the Trump administration's moves on tariffs. Here
Speaker 1: is Best in speaking on NBC's Meet the Press.
Speaker 3: I've been in the investment of business for thirty five years,
Speaker 3: and I can tell you that corrections are healthy. They're normal.
Speaker 3: What's not healthy is straight up that you get these
Speaker 3: your ford markets. That's how you get a financial crisis.
Speaker 1: That was US treasure Secretary Scott Besson, speaking earlier on
Speaker 1: NBC's Meet the Press. Meantime, markets will be focused on
Speaker 1: a number of key events in the week ahead, including
Speaker 1: the fed's decision. We have a preview from Bloomberg's Karen Moscow.
Speaker 4: It's a busy economic calendar that begins without look at
Speaker 4: retail sales on Monday, as well as business inventories and
Speaker 4: Empire manufacturing. Tuesday we get housing starts, industrial production, and
Speaker 4: the import price Index. Wednesday, the Federal Reserve is out
Speaker 4: with an interest rate decision. It'll be followed by a
Speaker 4: news conference which shared your own Powell. We'll also hear
Speaker 4: from the Bank of Japan. Thursday is the Bank of
Speaker 4: England's turn, along with the report on existing home sales
Speaker 4: and the weekly report on initial jobless claims. Karen Moscow Bloomberg.
Speaker 1: Radio Equity markets in the Asia Pacific are at higher
Speaker 1: levels this hour on where the China will be taking
Speaker 1: steps to revive consumption by boosting people's incomes and at
Speaker 1: the same time, according to Shinwan News, authorities will be
Speaker 1: unveiling plans later today to stabilize both the Chinese stock
Speaker 1: and real estate market, which takes us next to the
Speaker 1: monthly activity data for China in the months of January
Speaker 1: and February. These numbers topped estimates industrial output up at
Speaker 1: an annual rate of five point nine percent that's year
Speaker 1: on year, retail sales rising four percent, and fixed investment
Speaker 1: in the January February period was up at an annual
Speaker 1: rate of four point one percent. However, the survey jobless
Speaker 1: rate rising to five point four percent at the end
Speaker 1: of February. The estimate was looking for five point one percent.
Speaker 1: Another round of storms swept across the US Midwest and
Speaker 1: South today, bringing violent tornadoes, high winds, and blinding dust storms.
Speaker 1: At least thirty seven people have died across several states.
Speaker 1: Multiple structures have been destroyed. Here is Mississippi Governor Tate Reeves.
Speaker 5: We have an approximate two hundred and seventeen individuals across
Speaker 5: Mississippi that are displaced, and we are working to deal
Speaker 5: with each and every one of those.
Speaker 1: That was Mississippi Governor Tate Reeves. Now, these storms have
Speaker 1: moved toward the US East Coast, bringing damaging wins in
Speaker 1: the threat of severe weather. In sports, the final round
Speaker 1: of the Players Championship at TPC Sawgress has wrapped up
Speaker 1: for the day. Rory McElroy and JJ Spawn will play
Speaker 1: a three hole aggregate tomorrow to determine the winner, and
Speaker 1: the NCAA Basketball Tournament brackets are set. On the men's side.
Speaker 1: The number one seeds are Duke, Auburn, Houston and Florida.
Speaker 1: And then on the women's side, the number one seeds UCLA,
Speaker 1: South Carolina, Texas and USC. And that is news when
Speaker 1: you want it with Bloomberg News Now, I'm Doug Chrisner,
Speaker 1: and this is Bloomberg