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

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Speaker 1: made Kleggi. The White House has ordered the Department of

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Speaker 1: Homeland Security to begin shutdown procedures as its funding from

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Speaker 1: Congress expires at midnight, the third time parts of the

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Speaker 1: US government will have shutdown in the last six months.

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Speaker 1: The shutdown will affect EHS functions other than immigration and

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Speaker 1: border enforcement, which are broadly covered through multi year funding

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Speaker 1: from the Tax and Spending bill passed by Congress last July.

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Speaker 1: Other security sensitive jobs will also be deemed essential, and

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Speaker 1: those employees will report to work without pay. While the

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Speaker 1: shutdown formally takes effect at midnight, DHS employees were instructed

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Speaker 1: to report to work and begin an orderly shutdown on

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Speaker 1: their next regularly scheduled shift, which for most workers will

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Speaker 1: be Tuesday, following the observation of President's Day on Monday.

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Speaker 1: Houseminarti leader Hakim Jeffrey says Democrats will respond to the

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Speaker 1: White House's unserious Homeland Security funding offer, with funding for

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Speaker 1: the agency almost certain to expire tonight at midnight. Jeffrey's

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Speaker 1: also stressed he's ready to talk.

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Speaker 2: I'm here, ready, willing and able to have a conversation.

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Speaker 2: With anyone, anytime, any place. That's always been the Democratic posture.

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Speaker 2: Mike Johnson has once again sent House Republicans home.

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Speaker 1: Congressional Democrats previously called for a set of reforms to

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Speaker 1: immigration enforcement, including judicial warrant requirements, in exchange for their

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Speaker 1: votes to fund the Department of Homeland Security. The White

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Speaker 1: House and Democrats remain at loggerheads with no agreement he

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Speaker 1: anton funding for the agency, which includes the TSA and FEMA.

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Speaker 1: Kathy Rumler is leaving her position as Goldman Sachs top lawyer,

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Speaker 1: drawing to a close a month long saga that saw

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Speaker 1: the investment bank's staunchly defend Rumbler over her previous association

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Speaker 1: with Jeffrey Epstein. Goldman CEO David Solomon talked about it

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Speaker 1: on CNBC.

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Speaker 3: She called me yesterday afternoon and told me that the

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Speaker 3: you know, the press coverage of the works that she

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Speaker 3: had done previously, of this whole situation had just gotten

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Speaker 3: to a level of noise and distraction that she thought

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Speaker 3: was distracted the firm. It was putting her in a

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Speaker 3: position where it was hard for her to execute on

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Speaker 3: her job and her responsibilities, and she just thought it

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Speaker 3: was time to step away. And so you know you

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Speaker 3: saw our statement and her statement, I reluctantly accepted her

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Speaker 3: her resignation.

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Speaker 1: For weeks, Goldman had faced a steady drumbeat of headlines

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Speaker 1: as the public has poured over the millions of pages

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Speaker 1: of documents that have been released by the Department of Justice,

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Speaker 1: which mentioned Rumler's name thousands of times. Together, they shined

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Speaker 1: a light on years of interactions between her and the

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Speaker 1: late pedophile, during which she accepted tens of thousands of

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Speaker 1: dollars in gifts from him and used affectionate nicknames like

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Speaker 1: Uncle Jeffrey and Sweetie. Amazon shares posted their longest streak

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Speaker 1: of daily losses in almost twenty years as investors continued

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Speaker 1: to question how much the e commerce and cloud computing

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Speaker 1: company spent on capital expenditures. Shares fell point four percent Friday,

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Speaker 1: their ninth straight negative session. This is the longest losing

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Speaker 1: streak for the stock since another nine day drop that

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Speaker 1: ended in July twenty oh six. The stock shed eighteen

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Speaker 1: percent of the latest stretcher, raising about four hundred and

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Speaker 1: sixty three billion dollars in market valuation. Shares closed at

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Speaker 1: they're lowest since May. A bipartisan group of US Senators

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Speaker 1: is attending the Munich Security Conference, and Democrat Alissa Slotkin

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Speaker 1: tells Bloomberg what she's hearing from European counterparts. The minute

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Speaker 1: they get you in the room and close the door,

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Speaker 1: they're just like, what is going on in America? Not

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Speaker 1: believing it themselves. I try to explain, if the American

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Speaker 1: public does not want an authoritarian leader, we're going to

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Speaker 1: come out of it. Is just going to take a fight.

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Speaker 1: Democrat Alyssa Slotkin. SpaceX is considering a dual class share

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Speaker 1: structure and its planned IPO this year, mirroring a strategy

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Speaker 1: that its billionaire founder Elon Musk floated for Tesla. A

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Speaker 1: two tier structure would give select shareholders stock with extra

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Speaker 1: voting power that would allow them to dominate decision making.

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Speaker 1: The move would allow insiders such as Musk to maintain

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Speaker 1: control of the company even with a minority stake. The

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Speaker 1: Pentagon added Ali Baba byd by Dew and tp Link

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Speaker 1: Technologies to a list of coming companies that aid the

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Speaker 1: Chinese military, before withdrawing it minutes later without explanation. The

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Speaker 1: moves on Friday, royal shares of the affected listed companies

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Speaker 1: and left analysts wondering about the administration's intentions. If the

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Speaker 1: list is reposted, they said it would be a show

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Speaker 1: of strength ahead of President Trump's expected trip to China

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Speaker 1: and meeting with Chinese leader Jianping in April. Two federal

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Speaker 1: immigration officers have been placed on administrative leave after a

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Speaker 1: joint review by Immigration and Customs Enforcement and the Department

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Speaker 1: of Justice found sworn testimony in a Minneapolis shooting case

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Speaker 1: contradicted video evidence. The development comes nearly a month after

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Speaker 1: a federal officer's shot of Venezuelan national in the leg

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Speaker 1: during a confrontation in Minneapolis on January fourteenth, an incident

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Speaker 1: that fell between two high profile shootings that intensify tensions

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Speaker 1: between state leaders and the Trump administration over immigration enforcement operations.

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Speaker 1: Ford's top executive spoke to senior Trump administration officials about

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Speaker 1: a potential roadmap or Chinese automakers to build cars in

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Speaker 1: America by partnering with US car companies. The rough framework,

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Speaker 1: discussed by for Chief Executive Officer Jim Farley and Trump

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Speaker 1: Cabinet members last month would allow Chinese car makers to

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Speaker 1: manufacturer vehicles in the US through joint ventures with domestic

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Speaker 1: automakers in which the American company holds a controlling stake.

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Speaker 1: The ventures would be structured so that both the Chinese

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Speaker 1: and US partners would share profits and technology. In the

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Speaker 1: JV American figure skating sensation, Ili Melanin fell twice in

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Speaker 1: a disastrous free skate that sent him tumbling all the

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Speaker 1: way off the podium at the Milan Courtina Olympics on

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Speaker 1: Friday night, allowing Mikhael shid or Off of Kazakhstan to

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Speaker 1: claim a stunning gold medal. Melanin, who led by a

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Speaker 1: comfortable margin after the short program, merely had to deliver

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Speaker 1: a mediocre performance to add individual goal to the gold

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Speaker 1: medal he won in the team event. Instead, the twenty

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Speaker 1: one year old was trying to fight back tiers after

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Speaker 1: one of the worst nights of his career, one that

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Speaker 1: left a star packed crowd inside Blano Ice Arena sitting

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Speaker 1: in stun silence. Big Metal count Norway and Italy tied

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Speaker 1: for the top of eighteen. The US has fourteen the

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Speaker 1: Friday numbers on Wall Street, the Dow was up forty eight,

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Speaker 1: Nasdak lost fifty, the s and P gaining three. The

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Speaker 1: ten year treasurer yield at four point zero four percent

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Speaker 1: the two year is at three point four percent. That's

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Speaker 1: news when you want it with Bloomberg News. Now, I'm

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Speaker 1: mid Kleggi. This is Bloomberg