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Speaker 1: News when you want it With Bloomberg News Now, I

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Speaker 1: made Kleggy. Wall Street wrapped up a down week with

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Speaker 1: a powerful Friday surge. We get more from Bloomberg's Charlie Pellett.

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Speaker 2: First close ever for the Dow Jones Industrial Average above

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Speaker 2: fifty thousand. It was the biggest advance for the S

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Speaker 2: and P five hundred index since May. But on the week,

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Speaker 2: the SMP dropped one tenth of one percent. A renewed

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Speaker 2: wave of dip buying lifted stocks in the wake of

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Speaker 2: a tech route Thursday, fueled by worries over the billions

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Speaker 2: of dollars those firms are throwing at artificial intelligence development.

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Speaker 2: Bitcoin rebounded, gold and silver jumped after Thursday's decline. On

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Speaker 2: the week, Dow Industrial is up two and a half percent.

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Speaker 2: Nes Stack down for a fourth week, down one point

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Speaker 2: eight percent in New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: The Wall Street Journal reports the FBI and the PMA

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Speaker 1: County Sheriff's Department are reviewing a new message regarding the

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Speaker 1: disappearance of Nancy Guthrie. Guthrie eighty four is the of

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Speaker 1: Today co anchor Savannah Guthrie. Nancy Guthrie's case has been

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Speaker 1: thrust into the national spotlight since she was reported missing Sunday,

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Speaker 1: with President Trump expressing a personal interest in the situation

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Speaker 1: and directing federal resources to the case. The official statement

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Speaker 1: said investigators are actively inspecting the information provided in the

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Speaker 1: message for its authenticity. The statement did not disclose details

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Speaker 1: about the contents of the note. New York and New

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Speaker 1: Jersey won a temporary court order blocking the Trump administration's

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Speaker 1: freeze on federal funds for the sixteen billion dollar Gateway

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Speaker 1: tunnel under the Hudson River. US District Judge Janet Vargas

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Speaker 1: on Friday granted a request by the two states for

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Speaker 1: a temporary injunction restoring funding to the project while their

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Speaker 1: lawsuit against the US Department of Transportation continues. The ruling

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Speaker 1: is a major victory for the tunnel development, which was

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Speaker 1: set to halt work by the end of the day.

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Speaker 1: The White House and the Department of Transportation did not

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Speaker 1: immediately respond to requests for comment after normal business hours.

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Speaker 1: Bitcoin is reclaiming its place among the favor assets of

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Speaker 1: thrills seeking speculative traders, and Friday, the original digital currency

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Speaker 1: surge the most in almost three years. To recoup almost

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Speaker 1: all of the losses registered during Thursday's crypto market meltdown

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Speaker 1: that had dragged the token down more than fifty percent

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Speaker 1: from its October peak. The dizzying swings of around thirteen

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Speaker 1: percent have helped to reignite a jump in the volatility

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Speaker 1: that traders traditionally relish because of the potential profit opportunities.

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Speaker 1: Trump administration emissaries spoke again Friday with Iranian officials. Hagar Chermali,

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Speaker 1: a former member of the National Security Council, tells Bloomberg

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Speaker 1: she sees the threat of another military strike likely to

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Speaker 1: be carried out despite Iran's weakness.

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Speaker 3: They have no defense missile capabilities anymore. The Iranian regime

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Speaker 3: has proven time and again that it is not willing

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Speaker 3: to actually negotiate regarding its nuclear program or anything regarding

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Speaker 3: its ballistic missile program, its support for terrorism, and its

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Speaker 3: human rights abuses in a way that is actually.

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Speaker 1: Going to work. Former National Security Council member Hagar Tchirmali.

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Speaker 1: Fourteen years after a mob attacked US consular facilities in Bengazi,

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Speaker 1: Libya and killed the US ambassador and three staff members,

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Speaker 1: Attorney General Pem Bondi announced an arrested an extradition.

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Speaker 4: The FBI has arrested one of the key participants behind

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Speaker 4: the Bengazi attack, Zubar Albakosh, landed at Andrew's Air Force

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Speaker 4: Base at three a m. This morning. He is in

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Speaker 4: our custody. He'll face American justice on American soil.

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Speaker 1: The Attorney General gave no details on the circumstances of

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Speaker 1: his capture. President Trump has deleted a racist video depicting

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Speaker 1: Barack and Michelle Obama as apes from his social media

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Speaker 1: platform after a bipartisan outcry, including from Tim Scott, the

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Speaker 1: only black Republican US Senator. Trump reposted the clip on

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Speaker 1: Thursday to his eleven point seven million followers on Truth's

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Speaker 1: social It included a narrator making unsubstantiated claims that voting

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Speaker 1: machines were insecure in battleground states during the twenty twenty election,

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Speaker 1: which former President Joe Biden won. In the last seconds

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Speaker 1: of the video, photos appear of the former president and

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Speaker 1: first Ladies' faces with their mouths agape superimposed on the

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Speaker 1: bodies of primates. The FDA says it will crack down

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Speaker 1: on copycat weight loss drugs like those marketed by Hymns

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Speaker 1: and Hers Health just a day after the telehealth firms

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Speaker 1: started offering a deeply discounted knockoff pill, HIM said Thursday

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Speaker 1: it would sell a cheaper version of Novo Nordisk's new

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Speaker 1: Wagovi weight loss pill. Novo quickly called the move illegal

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Speaker 1: and promised to take legal and regulatory action to protect patents.

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Speaker 1: Trump administration officials are exploring opening an anti trust investigation

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Speaker 1: into US home builders as the White House sharpens its

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Speaker 1: focus on tackling the country's housing affordability crisis. One potential

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Speaker 1: focus is on how information is shared through an industry

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Speaker 1: trade group called Leading Builders of America. Officials have grown

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Speaker 1: concerned that the trade group, whose members include Lennar and

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Speaker 1: D R. Horton, could be used to restrict housing supply

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Speaker 1: or coordinate pricing. And Vidia shares sword Friday as investors

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Speaker 1: snapped up shares of companies position to benefit from the

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Speaker 1: vat asked sum of money that big technology firms have

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Speaker 1: said they'll spend on artificial intelligence infrastructure this year. Shares

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Speaker 1: of the chip maker closed seven point eight percent higher

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Speaker 1: for its best day since April ninth, adding roughly three

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Speaker 1: hundred and twenty five billion dollars in value. In the

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Speaker 1: fourth largest one day market cap gain for a stock. Ever,

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Speaker 1: that snapped a five day losing streak. Foreign Video, which

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Speaker 1: you raised about five hundred billion dollars amid a broader sell.

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Speaker 1: Office software and technology shares tumbled the Friday numbers on

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Speaker 1: Wall Street. The Dow gain twelve oh six, nearly two

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Speaker 1: and a half percent, finishing over the fifty thousand mark.

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Speaker 1: Nasdaq was up four to ninety, that's two point one percent.

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Speaker 1: The SMP added one thirty three, nearly two percent. The

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Speaker 1: ten year Treasury yield is at four point two percent,

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Speaker 1: the two year it's at three point four to nine percent.

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Speaker 1: That's news when you want it with Bloomberg News. Now

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Speaker 1: I'm in Kaleggy. This is Bloomberg