Karen Moscow

It is in second place.

And again, the S&P 500 began the day lower, down a quarter percent.

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

I'm Karen Moscow, and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Karen Moscow.

We begin with breaking economic news.

The U.S.

economy grew slower than expected at the end of last year, dragged down by consumer spending and trade.

Inflation-adjusted gross domestic product increased at an annualized 1.4 percent in the fourth quarter after rising 4.4 percent in the prior period.

Overall, the economy expanded 2.2 percent last year, and the weak results last quarter came as the U.S.

government was shut down for almost half of the three-month period, and it said the shutdown subtracted about one percentage point from GDP.

We get more on today's data with Bloomberg's Michael McKee.

And that's Bloomberg's Michael McKee.

And futures are falling following that report, with S&P futures down three-tenths of a percent.

Oil is holding near a six-month high after President Trump warned Iran had 15 days at most to reach a deal over its nuclear program as the U.S.

assembles a vast array of forces in the Middle East.

We get more with Bloomberg's Stuart Livingston-Wallace, head of Middle East coverage for Bloomberg News.

And that's Bloomberg's Stuart Livingston Wallace.

The U.S.