Karen Moscow

And again, stocks were higher at the Open.

The S&P 500 have a third of a percent.

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

I'm Karen Moscow, and this is Bloomberg.

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Breaking news on the jobs front this morning.

Applications for U.S.

unemployment benefits edged down last week following a surge during severe winter weather in the previous period.

Initial claims decreased by 5,000 to 227,000 in the week that ended February 7th.

That was still more than the median forecast in a Bloomberg survey of economists, and the week prior was revised higher.

We get more with Bloomberg's end of current.

And as Bloomberg's Enda Curran continuing claims, a proxy for the number of people receiving benefits climbed to 1.86 million in the prior week.

Turning to Washington now, President Trump's signature economic policy has just taken a blow on Capitol Hill.

The House voted to repeal the president's tariffs on goods from Canada, and Democrats are promising more votes to come.

Six Republicans joined with Democrats on this vote, and we get more with Bloomberg's Laura Davison.