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

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Speaker 1: met Kleggy. A federal judge Friday temporarily blocked the Trump

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Speaker 1: administration from placing twenty two hundred employees of the US

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Speaker 1: Agency for International Development on paid leave. US District Judge

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Speaker 1: Carl Nichols sided with two federal employee associations in agreeing

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Speaker 1: to a pause in plans to put the employees on

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Speaker 1: paid leave as of midnight Friday. Close it down is

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Speaker 1: what President Trump said Friday on social media when referring

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Speaker 1: to USAID. Cruz used duct tape to block out the

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Speaker 1: agency's name on a sign outside its Washington headquarters, and

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Speaker 1: a flag was taken down. Someone placed a bouquet of

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Speaker 1: flowers outside the door. A judge has also temporarily blocked

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Speaker 1: Trump's orders that pulled USAID workers from jobs and gave

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Speaker 1: them thirty days to return to the US. President Trump

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Speaker 1: said Friday that he is a revoking former President Joe

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Speaker 1: Biden's security clearance and ending the daily intelligence briefings he's

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Speaker 1: receiving in payback for Biden doing the same to him

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Speaker 1: in twenty twenty one. Trump made the announcement on social

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Speaker 1: media shortly after arriving at Mara a Lago for the weekend.

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Speaker 1: Biden did not immediately comment on the move. Biden ended

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Speaker 1: Trump's intelligence briefings after Trump helped spur efforts to overturn

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Speaker 1: the twenty twenty presidential election and incited the January sixth,

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Speaker 1: twenty twenty one attack on the Capitol. At the time,

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Speaker 1: Biden said Trump's erratic behavior should prevent him from getting

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Speaker 1: the intel briefings. Elon Musk's Department of Government Efficiency access

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Speaker 1: to the Treasury's payment system poses an unprecedented insider threat

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Speaker 1: risk and should be suspended immediately. This according to an

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Speaker 1: intelligence report prepared for by the Department by a contractor.

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Speaker 1: The stark warning was delivered to the Treasury Department in

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Speaker 1: a weekly intelligence bulletin by government contractor Booz Allen Hamilton.

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Speaker 1: This according to a person familiar with the matter, who

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Speaker 1: spoke on condition of anonymity. The alarm about the Treasury's

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Speaker 1: payment system, essentially the federal government's checking account, echoes concerns

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Speaker 1: voiced by current and former federal officials, as will as

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Speaker 1: several Democratic lawmakers in recent days have argued that DOGE

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Speaker 1: access could compromise the integrity of the portal. Nineteen Democratic

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Speaker 1: attorneys general sued President Trump on Friday to stop Elon

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Speaker 1: Musk's DOGE from accessing Treasury Department records that contain sensitive

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Speaker 1: personal data, such as social Security and bank account numbers

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Speaker 1: for millions of Americans. The case, filed in federal court

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Speaker 1: in New York City, alleges the Trump administration allowed Musk's

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Speaker 1: team access to the Treasury Department's central payment system in

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Speaker 1: violation of federal law. The White House did not immediately

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Speaker 1: come into a request for comments. Texas Governor Greg Abbott

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Speaker 1: is quite bullish when it comes to Elon Musk's work

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Speaker 1: with DOGE.

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Speaker 2: He's going to have success in the government sector like

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Speaker 2: he has in the private sector. One thing we desperately

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Speaker 2: need in our country is to shrink government. The government

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Speaker 2: has grown too large, and one way to save money

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Speaker 2: for taxpayers and make government more efficient is to do

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Speaker 2: exactly what Elon is doing. And I think most Americans

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Speaker 2: are very proud of what he's accomplishing.

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Speaker 1: You can catch up our full interview with Texas Governor

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Speaker 1: Greg Abbitt on the Bloomberg Podcast channel on YouTube. President

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Speaker 1: Trump said he planned to fire some, but not all,

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Speaker 1: of the FBI employees who were involved in the criminal

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Speaker 1: prosecutions of his supporters in connection with the January sixth,

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Speaker 1: twenty twenty one attack on the US Capitol.

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Speaker 3: I'll fire some of them because some of them were corrupt.

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Speaker 3: I have no doubt about that. I got to know

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Speaker 3: a lot about that business, that world. I got to

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Speaker 3: know a lot about that world. That we had some

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Speaker 3: corrupt agents. And those people are gone, or they will

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Speaker 3: be gone.

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Speaker 1: The President issued an executive order of the day he

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Speaker 1: took off his January twentieth, seeking to end what he

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Speaker 1: called the weaponization of the federal government and accused the

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Speaker 1: Justice Department of ruthlessly prosecuting people over the capital riot.

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Speaker 1: He pardoned more than fifteen hundred people charged in the case.

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Speaker 1: Ukrainian President Vladimir Zelenski says he's open to talking with

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Speaker 1: the US about a possible deal to secure more backing

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Speaker 1: in the war with Russia, and in return, Ukraine would

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Speaker 1: give the US access to its rare earths and other minerals.

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Speaker 1: He says the two countries have also discussed storing US

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Speaker 1: liquefied natural gas in underground Ukrainian gas storage sites. US

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Speaker 1: consumer sentiment slumped in early February to a seven month

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Speaker 1: low on a spike in short term inflation expectations related

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Speaker 1: to concerns about tariffs. The preliminary February Sentiment Index slid

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Speaker 1: three point three points to sixty seven point eight. According

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Speaker 1: to the University of Michigan. The latest reading trailed all

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Speaker 1: forecasts of economists surveyed by Bloomberg. Joeann Sue is director

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Speaker 1: of the survey.

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Speaker 4: So it came in a little bit weaker. It declined

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Speaker 4: from last month, but it was actually a very pervasive drop.

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Speaker 4: We sought across all demographic groups. Republicans, independence, Democrats alike.

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Speaker 4: All declined from last month and very much. So this

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Speaker 4: is a worry about inflation coming back in the year ahead.

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Speaker 1: Joeann Sue of the University of Michigan. The Friday numbers

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Speaker 1: on Wall Street the down lost four forty four, Nasdaq

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Speaker 1: fell two sixty nine, the S and P It was

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Speaker 1: down fifty eight. That's news when you wanted with Bloomberg news.

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Speaker 1: Now I'm in Kalengi and this is Bloomberg