Craig Allen

Officials say he was arrested today in Mexico.

FBI Director Kash Patel is expected to say more at a news conference later this morning.

On Wall Street, we're getting a fresh look at how consumers are feeling from the University of Michigan.

Bloomberg's Michael McKee has Michigan's final sentiment index for January.

And Bloomberg's Mike McKee says inflation expectations for the next year are down as well to 4%.

That's the lowest since last January.

Right now, the S&P 500 is little changed off the back of that data.

The Dow Jones Industrial Average is still lower by 0.6%.

The Nasdaq Composites turned higher by 0.2%.

Intel shares are still sinking.

They're down 16% after the U.S.

chipmaker gave a lackluster forecast and a warning it's still struggling with manufacturing issues.

NVIDIA is still on the rise, up 1.5%.

Bloomberg News has learned China has told its biggest tech companies they can start prepping orders for NVIDIA's H200 AI chips.

That's news when you want it.

With Bloomberg News Now, I'm Nathan Hager.

This is Bloomberg.

Right now, Nathan, we're watching snow falling throughout the central portion of the United States and ice that's headed in our direction.

I would think right now that it could reach the Washington Baltimore area sometime during late Saturday night into the early, early hours of Sunday.

That's when it starts, makes its way on up.