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Speaker 1: News when you wanted with Bloomberg News. Now I met Kleggi.

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Speaker 1: The US launched a fresh air strike and a Hoothy

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Speaker 1: rebel radar installation Friday, in what was described as a

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Speaker 1: follow up attack to an earlier barrage across Yemen, intended

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Speaker 1: to degrade the group's ability to target commercial shipping in

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Speaker 1: the Red Sea. Unlike the previous operation, in which the

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Speaker 1: UK took part with support from several other nations, this

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Speaker 1: one was conducted solely by the US. This according to

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Speaker 1: two officials asking not to be identified ahead of an announcement.

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Speaker 1: Earlier in the day, President Joe Biden had warned the

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Speaker 1: Hoothies and Iran, which supports the group, that he wouldn't

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Speaker 1: be afraid to launch more strikes. The FAA has announced

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Speaker 1: the seven thirty seven nine Maxes grounded until an extensive

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Speaker 1: inspection review is completed. The move comes after security concerns

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Speaker 1: continued to grow from an incident on an Alaska Airline's

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Speaker 1: flight on January fifth, and eight door panel separated from

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Speaker 1: the aircraft while it was in flight. Boeing has been

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Speaker 1: facing scrutiny from US regulators, who had already opened a

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Speaker 1: formal investigation into the company's aircraft operations. Following the incident,

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Speaker 1: Hunter Biden abruptly reversed his defiance of House Republican impeachment investigators,

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Speaker 1: offering to testify before them privately after insisting he would

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Speaker 1: only answer their questions in public. Biden's lawyer made the

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Speaker 1: offer in a letter Friday, just two days after the

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Speaker 1: presidential sun showed up at a meeting of a House

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Speaker 1: committee voting on a contempt recommendation against him, a move

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Speaker 1: aimed at underscoring his bid to address questions publicly. The

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Speaker 1: attorney Abby Lowell cited a legal issue in the letter

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Speaker 1: to two Republican committee chairmen who had ordered Hunter Biden

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Speaker 1: to answer questions behind closed doors. Loll argued the subpoenas

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Speaker 1: the penulty issued or legally deficient, but a new submence

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Speaker 1: would be valid because the House has since formally authorized

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Speaker 1: and impeachment inquiry against President Joe Biden. Volvo will suspend

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Speaker 1: production in its Belgian plant in the coming week as

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Speaker 1: attacks on vessels in the Red Sea disrep up to

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Speaker 1: the company's supply chain. Bloomberg's Karen Moscow has more.

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Speaker 2: Volvo's factory and Gant will halt output for three days

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Speaker 2: after ships had to be rerooted to avoid violence in

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Speaker 2: one of the world's busiest shipping lanes, delaying the delivery

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Speaker 2: of gearboxes and an email. As spokeswoman said the company

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Speaker 2: does not see the disruptions having an impact on its

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Speaker 2: ability to reach global wholesale or production targets. Several companies

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Speaker 2: have been forced to direct ships away from the Red

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Speaker 2: Sea amid attacks from around back Hoothi's, who have said

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Speaker 2: they will not back down until Israel stops fighting with Gaza.

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Speaker 2: Karen Moscow Bloomberg Radio Thanks Karen.

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Speaker 1: Soaring shipping costs and a jumping oil prices are also

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Speaker 1: stoking worries about a revival of inflation. Pressures around the world.

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Speaker 1: Only days into a twenty twenty four that was meant

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Speaker 1: to be the year inflation dissipated, manufacturers and retailers are

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Speaker 1: again juggling delays and facing higher expenses as persistent attacks

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Speaker 1: by Houthi rebels in the Red Sea rattle a major

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Speaker 1: shipping route through the SEUs Canal Ocean. Freight rates for

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Speaker 1: goods from Asia to Europe more than doubled over the

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Speaker 1: past four weeks, and fears of a wider regional conflict

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Speaker 1: pushed up oil prices Friday, after the US and the

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Speaker 1: UK led that military response to the attacks, Global benchmark

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Speaker 1: brand rows as much as four point three percent, briefly

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Speaker 1: topping eighty dollars a barrel. Microsoft overtook Apple to become

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Speaker 1: the world's most valuable publicly traded company for the first

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Speaker 1: time in more than two years, as worries over smartphone

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Speaker 1: demand of weigh on the iPhone maker's stock in recent weeks.

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Speaker 1: The Redmond, Washington based software giant rows one percent to

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Speaker 1: three eighty eight forty seven on Friday, ending with a

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Speaker 1: market valuation of two point eight nine trillion. Meanwhile, Apple

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Speaker 1: gained point two percent. They closed with the market capitalization

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Speaker 1: of two point eight seven trillion. It's the first time

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Speaker 1: since November of twenty one that Microsoft is closed with

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Speaker 1: a higher value than Apple, and The New York Post

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Speaker 1: is reporting that ESPN and the NFL are in advanced

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Speaker 1: talks that could result in the league taking inequity stake

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Speaker 1: in ESPN. As part of a potential agreement, Disney owned

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Speaker 1: ESPN would take control of NFL Media, which includes the

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Speaker 1: NFL Network, and the league would receive equity in ESPN

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Speaker 1: for the long term. Viability of ESPN. Aligning with the

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Speaker 1: most powerful sports league would enhance its position, as the

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Speaker 1: network plans to move to direct to consumer by twenty

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

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Speaker 1: I'm in Kleggi and this is Bloomberg