Nathan Hager

DOJ is asking the court to declare Harvard in violation of the law.

The university has not immediately responded to a request for comment.

stocks are moving lower this morning after a relatively mild reading on inflation to start the year january consumer prices rose just two-tenths of one percent that was the lowest pace since july the core reading that leaves out food and energy rose as expected and now traders are placing 50 50 odds that the fed could cut rates three times this year not just two bloomberg economics correspondent michael mckee says investors might want to wait remember cpi

There wasn't one in October, so the government just put in zeros for the month, which has biased CPI lower.

PPI has been rising.

It's still over 3%.

And Bloomberg's Mike McKee notes the next read on producer prices, PPI, won't come out for another two weeks.

The White House is reportedly working to narrow President Trump's broad steel and aluminum tariffs.

Bloomberg Global Trade Editor Brendan Murray says some of the duties have proven complicated for businesses.

In Bloomberg's Brendan Murray reports, some of those complaints have come from the European Union as well.

The EU has been pushing to reduce the 50% tariff on metals.

Treasury Secretary Scott Besson says he expects Fed Chair nominee Kevin Warsh to get a hearing in the Senate, even though Republican Tom Tillis has vowed to block any vote on his confirmation.

Senator Tillis says he won't budge until the investigations into current Chair Jay Powell and Fed Governor Lisa Cook are resolved.

Senator Tillis spoke to Bloomberg surveillance from the Munich Security Conference.

Secretary Besson told CNBC he met with Republican senators this week and they reached an agreement to hold a hearing for Warsh.

Goldman Sachs CEO David Solomon says he's sorry to see his firm's top lawyer go.

Solomon was also on CNBC after Kathy Rumler announced she's leaving at the end of June in the fallout over the Jeffrey Epstein files.

Goldman's David Solomon says Rumler was an extraordinary legal counsel and he's proud of the way she's handled this.

The Justice Department's latest Epstein release revealed Rumler's links to the convicted sex offender.

Back in Washington, the government's headed for its third partial shutdown since President Trump returned to office.