Dan Schwartzman

Tariffs are currently costing importers more than $16 billion every month.

The Justice Department is suing Harvard University for allegedly failing to hand over documents related to investigations into racial discrimination in admissions.

The case filed in federal court in Massachusetts says the Ivy League school has slow walked the documents for 10 months.

DOJ is asking the court to declare Harvard in violation of the law.

Harvard has yet to respond to requests for comment.

We check markets all day long here at Bloomberg.

The Dow is up around a tenth of one percent.

S&P 500 is up close to a quarter of one percent.

The Nasdaq, though, is down two tenths of one percent.

Norway and Italy atop the medal count at the Milan Cortina Olympics with 18 total for both countries, with the U.S.

in third with 14 total medals.

Norway also leading the gold count with eight, the U.S.

with just four.

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.

Consumer prices rose just two-tenths of a percent in January, the lowest gain since July, while the core reading that leaves out food and energy came in where economists expected.

Money markets priced in 63 basis points worth of Fed reductions in 2026, bolstering bets for as many as three rate cuts this year.

President Trump, speaking to reporters outside the White House earlier, announced the possibility of a second aircraft carrier heading toward Iran.

That's President Trump.