Nathan Hager

Hassett says the report doesn't account for wage gains over that time.

National Economic Council Director Kevin Hassett told CNBC the New York Fed report was an embarrassment and its authors should be disciplined.

At the Winter Games, the wait is finally over for Michaela Schifrin.

The skiing phenom won her first Olympic medal in eight years on the women's slalom, taking gold at Milan Cortina.

Team USA remains third in the overall medal count with 24.

Norway is in the lead with 32.

Host Italy just ahead of the U.S.

with 25 medals.

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

I'm Nathan Hager.

This is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Nathan Hager.

The trading day is underway on Wall Street this morning and it's a whip around Wednesday.

That's the sound of the opening bell from the floor of the New York Stock Exchange.

And at the open, the S&P 500 is higher by almost three tenths of one percent, up nearly 20 points.

The Dow Jones Industrial Average opens in the green by a tenth of 1%, a gain of about 70 points for the Blue Chip Index.

And the Nasdaq Composite is higher at the start by about two-tenths of 1%.

Ten-year Treasury yield up nearly two basis points to 4.07%.

So a little bit of dip buying with some of the AI jitters in the market easing after yesterday's volatility.