Nathan Hager

And this is Bloomberg.

And I'm Nathan Hager.

Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S.

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I'm Nathan Hager.

Stocks are surging after some solid economic data and with a bounce back in big tech.

Right now, the S&P 500 is up nine tenths of one percent.

The Dow Jones industrial average is six tenths of a percent higher and the tech heavy Nasdaq composite is surging one point three percent.

Those positive economic indicators, industrial production hit a nearly one year high in January.

Business equipment orders rose more than expected in December, and new home construction hit a five-month high that month as well.

Nadia Lovell with UBS says a slowing economy?

Not in her forecast.

Nadia Lovell is head of global equity strategy at UBS.

White House economic advisor Kevin Hassett is blasting a study from the New York Fed that showed American consumers and businesses have borne almost 90 percent of the tariff burden.

National Economic Council Director Kevin Hassett told CNBC the report led to a lot of highly partisan news based on analysis that, in his words, wouldn't be accepted in a first-year econ class.

The Fed is declining to comment.

The Jeffrey Epstein files are back on the front burner in Washington.