Amy Morris

The S&P 500 gained 52 points.

NASDAQ up 236 points.

The Dow

gaining 371 points.

The 10-year Treasury yield at 4.03%, the 2-year yield at 3.46%, Bitcoin down 0.3%, around $64,000.

And Stripe, a private company which helps businesses accept payments online, has reportedly expressed preliminary interest in all or parts of PayPal.

Sources say these are early-stage deliberations.

Stripe announced earlier today that it had reached a $159 billion valuation in an employee tender offer.

We'll get back to the markets just ahead, but first, a brief preview of tonight's State of the Union address.

President Trump will reportedly call for a new form of personal and corporate tax cuts during tonight's speech.

Multiple news outlets attending today's White House luncheon say the president has an unconventional idea for tax cuts that he believes he can implement without congressional approval.

The president is also weighing a pitch for an expansion of retirement savings accounts that could provide a tax break for those Americans who don't have an employer-sponsored 401k.

Our coverage of the State of the Union address and the Democratic response from Virginia Governor Abigail Spanberger begins tonight at 8 Wall Street time on a special edition of Balance of Power with Joe Matthew and Kayleigh Lyons.

Catch it on Bloomberg Radio and Television and at Bloomberg.com slash videos.

Defense Secretary Pete Hegseth has given Anthropic CEO Dario Amadei until Friday evening to give the military unfettered access to its AI model or face harsh penalties.

But sources tell Reuters that Anthropic has no plans to ease limits on military usage.

Former Defense Department Joint Artificial Intelligence Center Strategy and Policy Director Gregory Allen tells Bloomberg that this dispute between Anthropic and the Pentagon comes at an awkward time.

Hear more from Gregory Allen on the Bloomberg Balance of Power podcast.

A huge deal for advanced micro devices, meta platforms will deploy six gigawatts worth of data center gear based on processors from AMD.

It's a blockbuster deal.