Dan Schwartzman

Markets are closed in the U.S.

for the President's Day holiday, but Wall Street will have its eyes on Amazon when trading resumes on Tuesday, as its stock is riding a nine-day losing streak the longest in nearly two decades, with shares plummeting 18%.

Investors are worried about Amazon's artificial intelligence spending plan this year, as the company wants to invest $200 billion on data centers, chips, and other equipment to support its AI ambitions.

Meanwhile, in Europe, the FTSE in London finished up a quarter of a percent.

The CAC in Paris closed a tenth of a percent higher.

while the DAX in Germany lost close to a half percent.

In Asia, the Nikkei in Japan finished down a quarter of a percent.

The Hang Seng in Hong Kong ended up a half percent, while China's CSI 300 lost one and a quarter percent.

At the Milan Cortina Olympics, the U.S.

women's hockey team knocks off Sweden 5-0 and will play the winner of Canada and Switzerland for the gold medal.

That's news when you want it with Bloomberg News Now.

I'm Dan Schwartzman and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

Israeli Prime Minister Benjamin Netanyahu has proposed terms for President Trump for a de-escalation deal with Iran ahead of its nuclear talks tomorrow in Switzerland.

Israel says the Islamic Republic should not possess enriched material or nuclear enrichment capabilities.

Netanyahu also suggesting limiting Iran's range of ballistic missiles.

Meanwhile, President Trump's newly created Board of Peace is expected to meet in Washington this week to talk about rebuilding Gaza.

Trump says members will discuss $5 billion worth of commitments, even though some reports estimate construction could cost up to $70 billion.

Axios reports that Defense Secretary Pete Hegsteth is on the verge of cutting business ties with Anthropic and designating the AI company a, quote, supply chain risk, meaning that others wanting to do business with the military would have to cut ties with Anthropic.