Karen Moscow

We get more with Bloomberg's Emily Cohen.

And that's Bloomberg's Emily Cohen.

The U.S.

trade deficit widened in December, capping a turbulent year of erratic tariff policy.

The goods and services trade gap expanded from the prior month to $70.3 billion.

The shortfall culminated in a full-year deficit of $901.5 billion, still one of the largest in data back to 1960.

applications for u.s unemployment benefits fell by the most since november adding to evidence of stabilization in the labor market initial claims decreased by 23 000 to 206 000 in the week that ended february 14th and at the olympics norway continues to lead the medal count it has 34 overall 16 of them are gold the u.s remains in third place with seven gold medals

and 24 overall.

And that's the news when you want it with Bloomberg News Now.

I'm Karen Mosigow, and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Karen Moscow and we have breaking economic news crossing the Bloomberg.

But first, Andrew Mountbatten-Windsor, the brother of the UK's King Charles, has been arrested on suspicion of misconduct in public office.

After further details emerged of his relationship with convicted sex offender Jeffrey Epstein, King Charles III issued a statement outlining his deepest concern about the matter and promising Buckingham Palace's full and wholehearted support and cooperation with the investigating authorities.

Michelle Hussain, host of Bloomberg's The Michelle Hussain Show, was a guest on Bloomberg's surveillance and has more on what this means for the royal family.

And that's Bloomberg's Michelle Hussain.

Today happens to be Andrew's 66th birthday.

His arrest appears to be the first of a UK royal since King Charles I in the 17th century following his defeat in the English Civil War.

Right now, the former Prince Andrew has not been charged.

Catherine Rumler, who resigned last week as the top lawyer at Goldman Sachs, corresponded with Jeffrey Epstein about a prostitution scandal that engulfed the U.S.