Dan Schwartzman

Narrowing trade deficits is expected to be a focal point of conversations with the U.S.

's annual shortfall with China shrinking in 2025 to around $202 billion, a 21-year low.

That's according to Commerce Department data.

Trump also expects to welcome she to Washington later this year, where she expected to attend a meeting of the Group of 20 Nations in Florida.

Immigration and Customs Enforcement plans to shrink its detention facility network, and that could mean a hit to private prison operators, as we hear from Bloomberg's Nathan Hager in Washington.

Just as parts of the Northeast, including New York, New Jersey and Connecticut, are finally seeing all of the snow from the previous storm melt due to recent warm weather, the U.S.

National Weather Service has warned of a possible late weekend storm that could leave up to a half foot of snow in New York with several inches across southern New England.

Amtrak is already warning that, quote, service adjustments may be necessary along its northeast corridor.

Norway continues to lead the overall medal count at the Milan Cortina Olympics with 37 total.

The U.S.

now in second place with 29.

Norway also with a record-setting number of gold medals at 17, the U.S.

currently with 10.

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

I'm Dan Schwartzman and this is Bloomberg.

European Union lawmakers will be holding an emergency meeting on Monday to reassess the bloc's trade deal with the U.S.

The European Parliament's Trade Committee had been expected to vote to move forward with the ratification process of the agreement, but the Supreme Court's ruling has cast doubt on the timeline and the entire accord.

The trade pact would have erased tariffs on most American goods and set a 15% tariff on EU products.

Dan Schwartzman, Bloomberg Radio.

President Trump's sanctions and blockade of Cuba are being put to the test as a ship believed to be carrying Russian fuels.