Dan Schwartzman

is deploying a huge force in the Middle East to put pressure on Iran, including two aircraft carriers, fighter jets and refueling tankers, giving President Trump the option for a major attack against the Islamic Republic.

Trump discussed the nuclear talks.

That's President Trump speaking in Washington.

Disgraced former Prince Andrew, the brother of the U.K.

's King Charles III, was arrested on suspicion of misconduct in public office after further details emerged about his relationship with convicted sex offender Jeffrey Epstein.

Bloomberg's Tiwa Adebayo talked about the fall of the former prince.

Bloomberg's Tiwa Adebayo in London.

King Charles III has also issued a statement confirming the investigation.

He says the law must take its course and the authorities will have the royal family's full support and cooperation.

Federal Reserve Bank of Minneapolis President Neil Kashkari says recent comments by National Economic Council Director Kevin Hassett, which were critical of a New York Fed study on tariffs, undermines the central bank's independence.

That's Federal Reserve Bank of Minneapolis President Neil Kashkari.

Hassett had called the study, which showed U.S.

companies were bearing most of the burden from President Trump's tariff hikes, an embarrassment.

Amazon officially dethroning Walmart as the biggest global company by revenue.

The e-commerce giant reported 2,025 sales of $717 billion, while Walmart reported sales of $713.2 billion.

Amazon's growth rests largely on the importance of its cloud computing business, Amazon Web Services, which contributed to its revenue dominance.

Amazon's revenue has increased at almost 10 times the pace of Walmart's, fueled by a shift in consumer spending from stores to websites, as well as the cloud computing business.

Despite all the Trump tariffs, the U.S.

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.