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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisner.

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Speaker 1: President Trump is preparing to nominate Kevin Walsh to be

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Speaker 1: the next chair of the Federal Reserve. Walsh is a

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Speaker 1: former FED governor, and we are told he visited the

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Speaker 1: White House on Thursday. Earlier, President Trump said he plans

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Speaker 1: to make the announcement Friday morning.

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Speaker 2: Rogie was saying tomorrow.

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Speaker 3: But just an outstanding person and a person that will

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Speaker 3: be too surprising to people. A lot of people, a

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Speaker 3: lot of people think that this is somebody that could

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Speaker 3: have been there a few years ago. It's going to

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Speaker 3: be somebody that is very respected, somebody that's known to

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Speaker 3: everybody in the financial world. And I think it's going

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Speaker 3: to be a very good choice, I hope.

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Speaker 1: So now Trump's pick may face a complicated path to

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Speaker 1: confirmation in the US Senate. Already, North Carolina Senator Tom

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Speaker 1: Tillis has vowed to block any FED nominee until the

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Speaker 1: DOJ probe into the renovation of the FED headquarters building

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Speaker 1: is RESOLVEDAX is considering a potential merger with Tesla or

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Speaker 1: an alternative combination with the firm Xai, another Elon Musk company.

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Speaker 1: We are told any transaction could attract interest from infrastructure

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Speaker 1: funds and Middle Eastern sovereign investors. Here is Bloomberg's Ed Ludlow.

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Speaker 2: My understanding is that there is a group of investors

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Speaker 2: that are pushing very much on the Tesla idea, but

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Speaker 2: nothing is final. You know, as we all know, the

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Speaker 2: background context is that SpaceX is making preparations for an

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Speaker 2: IPO prime, you know, at some point in the middle

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Speaker 2: of this year.

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Speaker 1: That is Bloomberg's Ed Ludlow. Meantime, open Ai is reportedly

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Speaker 1: laying the groundwork for an IPO in the fourth quarter.

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Speaker 1: The Wall Street Journal reports the company is accelerating plans

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Speaker 1: as competition with its rival Anthropic intensifies. Open Ai is

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Speaker 1: holding informal talks with Wall Street banks about a potential

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Speaker 1: public listing. After the bell, Apple reported record sales for

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Speaker 1: the high holiday period. We have more from Bloomberg's Charlie Pellett.

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Speaker 4: It was driven by strong demand for the iPhone seventeen,

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Speaker 4: growth in services, and a rebound in China. Revenue jumps

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Speaker 4: sixteen percent of one hundred and forty three point eight

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Speaker 4: billion in the quarter ending December twenty seventh, setting a record.

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Speaker 4: But Walter Pisik, a partner at Lightsheed Partner, says there

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Speaker 4: are questions about Tim Cook's AI strategy.

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Speaker 5: Let's hope that Cook with his deputies can execute on

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Speaker 5: this new strategy with Google under the current administration, where

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Speaker 5: there's very limitations, they should have all the opportunities in

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Speaker 5: the world to be able to do that. Let's hope

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Speaker 5: they do it by.

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Speaker 4: The end of the year. Apple is predicting revenue growth

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Speaker 4: of up to sixteen percent in the second quarter. In

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Speaker 4: New York, Charlie Pellett Bloomberg.

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Speaker 1: Radio, Democrats and the White House have struck a deal

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Speaker 1: to avert a partial US government shutdown. This move funds

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Speaker 1: just temporarily the Department of Homeland Security for two weeks.

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Speaker 1: Republican Senator Lindsey Graham said the Senate will not vote

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Speaker 1: on the spending planned Thursday evening. A Friday vote is likely.

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Speaker 1: The US has been investigating allegations that Meta employees can

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Speaker 1: access messages sent through WhatsApp now. Meta has said the

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Speaker 1: chat service is private and encrypted. However, former Meta contractors

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Speaker 1: claim they and some Meta staff had unfettered access to

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Speaker 1: WhatsApp messages. The claims are being examined by special agents

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Speaker 1: within the Commerce Department. Here is Bloomberg Sarah Fryar.

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Speaker 6: We do know that they interviewed these former contractors, and

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Speaker 6: we're looking into this possibility, which directly contradicts how Meta

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Speaker 6: has marketed What's happened, indeed, how users have come to

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Speaker 6: expect their messages to be handled.

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Speaker 1: On that That is Bloomberg Sarah Fryar. President Trumping Time

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Speaker 1: is suing the US Treasury and the IRS for at

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Speaker 1: least ten billion dollars. The action stems from unauthorized disclosure

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Speaker 1: of his tax returns during his first term in office.

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Speaker 1: The suit was filed by Trump, his sons, and the

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Speaker 1: Trump Organization, and it claims the IRS and Treasury had

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Speaker 1: a duty to safeguard Trump's confidential tax returns and related information.

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Speaker 1: President Trump has issued an executive order to allow the

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Speaker 1: US to impose levies on products from those countries selling

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Speaker 1: oil or providing oil to Cuba. Now, the Commerce Department

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Speaker 1: has been tasked with identifying those countries, and then top

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Speaker 1: administration officials will determine what additional tariff should be imposed.

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Speaker 1: In New York City, Mayor's Orn Mamdani is asking New

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Speaker 1: York Governor Kathy Hokeel to hike taxes on the richest

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Speaker 1: residents in corporations. Mamdannie says the additional money from the

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Speaker 1: state is necessary because New York City is facing a

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Speaker 1: twelve billion dollar fiscal deficit. Here is Mamdani speaking to Bloomberg.

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Speaker 7: We also think the city's relationship with the state has

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Speaker 7: to change. You know, the city sends about fifty four

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Speaker 7: point five percent it makes up the gross revenue of

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Speaker 7: the state, only receives forty point five percent in retire

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Speaker 7: And we also think that the city's relationship with its

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Speaker 7: wealthiest residents' most profitable corporations also has to change so

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Speaker 7: that we can bring this city back to firm financial footing.

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Speaker 7: You know, as the mayor, I am legally required to

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Speaker 7: balance the budget of this fiscal year and the next.

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Speaker 7: That is something we are fully going to do. In

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Speaker 7: order to do so, we have to deal with the

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Speaker 7: structural problems.

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Speaker 1: That is New York City, Mayor Zorn Mumdani. And that

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Speaker 1: is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisner, and this is Bloomberg