Charlie Pellett

Stocks had their best weekly gains since November, with the benchmark index rising 3.4% in a holiday-shortened week.

its best performance since late November after five consecutive losing weeks, the longest such streak since 2022.

Stocks reversed sharp declines to close higher as investors monitored fresh developments around the Strait of Hormuz and the war in the Middle East.

In New York, Charlie Pellett, Bloomberg Radio.

It's been a tough start to the year for Nike shares.

They are down more than 19%.

The big focus for investors will be on how CEO Elliot Hill's strategy continues to impact the brand.

Investors will also be looking for signs of progress in Nike's struggling Greater China division.

The total fiscal third quarter revenue estimate for the quarter is $11.24 billion, according to the Bloomberg consensus, with North American revenue seen coming in at $5 billion.

In New York, Charlie Pellett, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Charlie Pellett.

President Trump says he will sign an order to pay TSA officers.

With details, here's Bloomberg's Nora Melinda.

Bloomberg's Nora Melinda.

The president's unilateral action comes amid a weeks-long funding fight over the Department of Homeland Security that has led to staffing shortages and long wait times for air travelers.

President Trump, meanwhile, pushing back his deadline for Iran to strike a deal with the United States or face further attacks.

He made the comments in a phone interview on Fox News Channel.

President Trump on Fox News.

The Pentagon is looking at sending up to 10,000 additional ground troops to the Middle East to give President Trump more military options, even as he weighs peace talks with Tehran.