1
00:00:01,680 --> 00:00:03,960
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:04,000 --> 00:00:07,320
Speaker 1: Doug Prisner. State Street and Apollo Global teamed up to

3
00:00:07,360 --> 00:00:10,799
Speaker 1: launch a first of its kind private credit ETF. It's

4
00:00:10,840 --> 00:00:15,440
Speaker 1: been called groundbreaking. The State Street Global Advisors, Apollo IG

5
00:00:15,600 --> 00:00:19,240
Speaker 1: Public and Private Credit ETF traded today for the first

6
00:00:19,239 --> 00:00:23,360
Speaker 1: time under the ticker priv Well Now. The Securities and

7
00:00:23,440 --> 00:00:27,680
Speaker 1: Exchange Commission has questions. The SEC has concerns regarding the

8
00:00:27,720 --> 00:00:31,960
Speaker 1: fund's liquidity risk management program, and there are also questions

9
00:00:32,040 --> 00:00:35,080
Speaker 1: on valuation. Are we on the verge of a trade

10
00:00:35,120 --> 00:00:38,680
Speaker 1: war in North America? While today President Trump said tariffs

11
00:00:38,720 --> 00:00:41,920
Speaker 1: of twenty five percent on Canada and Mexico are on

12
00:00:42,040 --> 00:00:44,960
Speaker 1: track to take effect next Tuesday, March fourth, That is

13
00:00:45,000 --> 00:00:47,400
Speaker 1: the same day that Trump will address a joint Censure

14
00:00:47,479 --> 00:00:50,159
Speaker 1: of Congress for his State of the Union. The President

15
00:00:50,200 --> 00:00:53,519
Speaker 1: spoke earlier today alongside UK Prime Minister Keir Starmer.

16
00:00:53,680 --> 00:00:57,360
Speaker 2: The tariffs are necessary because we've been treated very unfairly

17
00:00:57,440 --> 00:01:01,560
Speaker 2: by many many countries, including our friends and info. But

18
00:01:01,640 --> 00:01:06,440
Speaker 2: we've been treated very unfairly in trade at levels that

19
00:01:06,480 --> 00:01:09,960
Speaker 2: nobody's really ever seen before, and especially under the Biden administration.

20
00:01:10,040 --> 00:01:12,119
Speaker 2: They really took advantage of the United States.

21
00:01:12,200 --> 00:01:14,920
Speaker 1: Now, Trump has said the tariffs on Canada and Mexico

22
00:01:15,000 --> 00:01:19,200
Speaker 1: are tied to drug trafficking and illegal migration issues He's

23
00:01:19,240 --> 00:01:22,880
Speaker 1: calling on America's neighbors to address. Meantime, leaders of those

24
00:01:22,880 --> 00:01:25,880
Speaker 1: countries have shown they're ready for last minute negotiations, but

25
00:01:25,920 --> 00:01:29,600
Speaker 1: they've also threatened to retaliate if Trump goes ahead with

26
00:01:29,680 --> 00:01:33,160
Speaker 1: those tariffs. Andrew Hale is senior policy analyst at the

27
00:01:33,200 --> 00:01:34,240
Speaker 1: Heritage Foundation.

28
00:01:34,720 --> 00:01:37,200
Speaker 3: I've been speaking to people close to the current negotiations

29
00:01:37,200 --> 00:01:40,240
Speaker 3: between the United States and Canada, and apparently the goal

30
00:01:40,319 --> 00:01:44,160
Speaker 3: now is to get Canada to gree to the Keystone

31
00:01:44,319 --> 00:01:47,720
Speaker 3: XL pipeline, which of course Primuser Trudeau put the Cabalshan

32
00:01:47,880 --> 00:01:51,960
Speaker 3: as well as President Biden, and of course the EFG,

33
00:01:53,000 --> 00:01:55,960
Speaker 3: the ESG policies are going out the window, and we

34
00:01:56,040 --> 00:01:58,000
Speaker 3: need to get that Keystone pipeline. So I think if

35
00:01:58,000 --> 00:02:00,960
Speaker 3: they start doing those things, we'll probably see the tariff

36
00:02:01,200 --> 00:02:01,920
Speaker 3: threat receipt.

37
00:02:02,400 --> 00:02:05,800
Speaker 1: That is Andrew Hail from the Heritage Foundation speaking there.

38
00:02:06,160 --> 00:02:09,000
Speaker 1: Back at the White House, British Prime Minister Starmer praised

39
00:02:09,000 --> 00:02:11,840
Speaker 1: Trump's efforts to put an end to fighting in Ukraine.

40
00:02:12,040 --> 00:02:15,960
Speaker 4: We're focused now on bringing an enduring end to the

41
00:02:15,960 --> 00:02:19,760
Speaker 4: barbaric war in Ukraine. Mister President, I welcome your deep

42
00:02:19,800 --> 00:02:23,880
Speaker 4: and personal commitment to bring peace and to stop the killing.

43
00:02:24,520 --> 00:02:28,200
Speaker 4: You've created a moment of tremendous opportunity to reach a

44
00:02:28,400 --> 00:02:31,040
Speaker 4: historic peace deal, a deal that I think would be

45
00:02:31,080 --> 00:02:33,920
Speaker 4: celebrated in Ukraine and around the world.

46
00:02:34,080 --> 00:02:36,960
Speaker 1: British Prime Minister Keir Starmer there he is seeking greater

47
00:02:37,040 --> 00:02:42,040
Speaker 1: American security guarantees in the region. Meantime, Ukrainian President Vladimir

48
00:02:42,120 --> 00:02:45,600
Speaker 1: Zelensky will be visiting President Trump at the White House tomorrow.

49
00:02:45,840 --> 00:02:48,440
Speaker 1: The two are expected to sign a deal for joint

50
00:02:48,480 --> 00:02:52,800
Speaker 1: development of Ukraine's rare earth minerals. Earlier today, by the way,

51
00:02:52,840 --> 00:02:57,000
Speaker 1: Trump walked back his comments calling Zelensky a dictator. We

52
00:02:57,080 --> 00:02:59,640
Speaker 1: go to markets next. It was weakness in chip stocks

53
00:02:59,680 --> 00:03:02,400
Speaker 1: that led the equity market lower today, with the Nasdaq

54
00:03:02,480 --> 00:03:06,120
Speaker 1: one hundred dropping to its lowest level since November. In

55
00:03:06,280 --> 00:03:08,919
Speaker 1: Vidia is good, but not great numbers sank that stock

56
00:03:09,120 --> 00:03:12,360
Speaker 1: eight and a half percent. Matt Bryson is Senior VP

57
00:03:12,560 --> 00:03:15,760
Speaker 1: of Equity Research at Webbush Securities.

58
00:03:16,120 --> 00:03:20,280
Speaker 5: Expectations were relatively modest because of those black Well concerns.

59
00:03:20,600 --> 00:03:24,680
Speaker 5: You can talk about deep seek my conversations echoed what

60
00:03:24,800 --> 00:03:28,160
Speaker 5: Jensen said, which is deep seek is creating demand, not

61
00:03:28,320 --> 00:03:30,079
Speaker 5: destroying demand. It's a good thing for.

62
00:03:30,120 --> 00:03:34,320
Speaker 1: Nvidiat Bryson there from Webbush Securities. After the bell, we

63
00:03:34,360 --> 00:03:36,800
Speaker 1: heard from Dell Technologies and the company gave a full

64
00:03:36,880 --> 00:03:40,440
Speaker 1: year profit outlook above estimates. The company also said it

65
00:03:40,520 --> 00:03:44,920
Speaker 1: had booked large deals for AI servers. Nonetheless, shares in

66
00:03:44,920 --> 00:03:47,480
Speaker 1: Dell down more than two percent in the late US session.

67
00:03:47,760 --> 00:03:51,200
Speaker 1: We also heard from HP Inc. The company issued an

68
00:03:51,280 --> 00:03:56,280
Speaker 1: underwhelming earnings forecast, citing rising component costs and those tariffs

69
00:03:56,480 --> 00:03:59,600
Speaker 1: on goods from China. HP Inc. Shares right now down

70
00:03:59,680 --> 00:04:02,520
Speaker 1: nearly three and a half percent in late trading. The

71
00:04:02,560 --> 00:04:05,640
Speaker 1: bodies of Oscar winning actor Gene Hackman and his wife

72
00:04:05,680 --> 00:04:08,800
Speaker 1: Betsy Aracawo were found dead in their home near Santa Fe,

73
00:04:08,840 --> 00:04:12,040
Speaker 1: New Mexico. One of the couple's dogs was also found

74
00:04:12,080 --> 00:04:16,240
Speaker 1: dead inside the house. An open prescription bottle and scattered

75
00:04:16,240 --> 00:04:19,559
Speaker 1: pills were discovered near our Cowa's body on the counter

76
00:04:19,640 --> 00:04:23,440
Speaker 1: in the bathroom. Santa Fe County Sheriff A Don Mendoza

77
00:04:23,640 --> 00:04:25,760
Speaker 1: said foul play has not been ruled out.

78
00:04:26,400 --> 00:04:29,080
Speaker 6: What I did state was was there was no obvious

79
00:04:30,560 --> 00:04:33,960
Speaker 6: sign or indication of a foul thing. There was no

80
00:04:34,040 --> 00:04:37,680
Speaker 6: immediate sign a fellow thing. I haven't ruled out out yet.

81
00:04:37,720 --> 00:04:40,360
Speaker 6: This is an investigation, so we're keeping everything on the table,

82
00:04:40,760 --> 00:04:42,680
Speaker 6: you know. I think the autopsy is going to tell

83
00:04:42,720 --> 00:04:43,640
Speaker 6: us a lot.

84
00:04:43,680 --> 00:04:46,520
Speaker 1: Don Mendoza speaking there. He is the sheriff of Santa

85
00:04:46,520 --> 00:04:49,680
Speaker 1: Fe County. Now, officials say that both Hackman and his

86
00:04:49,760 --> 00:04:52,920
Speaker 1: wife could have been deceased for some time. The cause

87
00:04:53,040 --> 00:04:57,000
Speaker 1: of both deaths is being investigated, and that is news

88
00:04:57,000 --> 00:04:59,719
Speaker 1: when you wanted with Bloomberg News. Now, I'm Doug Prisner

89
00:04:59,720 --> 00:05:00,559
Speaker 1: and the City paper