Dan Schwartzman

trade deficit widened in December to $70.3 billion, resulting in a full-year deficit of just over $900 billion, one of the largest in data back to 1960.

The trade data was notably volatile in 2025 due to persistent tariff announcements from President Trump.

According to Labor Department data, applications for unemployment benefits fell by 23,000 to 206,000 in the week ended February 14th, adding to evidence of stabilization in the labor market.

The number was lower than all but one estimate in a Bloomberg survey.

We check markets all day long here at Bloomberg.

Heightened geopolitical worries are sending stocks lower.

The Dow down around two-thirds of a percent.

S&P 500 is down over four-tenths of a percent, while the Nasdaq has also lost around four-tenths of one percent.

The 10-year yield is at 4.08, the two-year at 3.46.

Gold is hovering at right around $5,000 an ounce, while Bitcoin is right around $66,500.

Steve Cohen, the owner of the New York Mets, tops Bloomberg's annual list of the world's best-paid hedge fund managers, bringing in $3.4 billion, or more than $9 million per day.

Cohen's hedge fund, .72 Asset Management, manages $45.7 billion in assets and has been growing rapidly, adding 12 offices and more than doubling its global staff to 3,000.

Norway continuing to lead the medal count at the Milan Cortina Olympics with 34 total.

The U.S.

in third with 24 also behind Italy.

Norway with 16 gold medals compared to seven for the U.S.

This afternoon, the U.S.

and Canada are battling for gold in women's hockey.

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

I'm Dan Schwartzman and this is Bloomberg.