Nathan Hager

Bloomberg Intelligence senior government analyst Nathan Dean says it's a partial, partial, partial shutdown.

Just one cabinet agency affected the Department of Homeland Security in a fight over immigration enforcement tactics.

And Nathan Dean of Bloomberg Intelligence notes ICE and Border Patrol are funded through the rest of President Trump's term under his tax and spending cut law.

Journalist Don Lemon and four others are set for arraignment on federal civil rights charges today.

They're accused in a protest at a Minnesota church where an Immigration and Customs Enforcement official is a pastor.

And that's news when you want it.

With Bloomberg News Now, I'm Nathan Hager and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Nathan Hager.

We have made it to the end of the trading week ahead of a long holiday weekend for President's Day.

That is the sound of the opening bell on this Friday morning from the floor of the New York Stock Exchange.

And at the open, stocks are looking for direction.

Right now, the S&P 500 is a little changed, trading above 6,800.

The Dow Jones Industrial Average is swinging between gains and losses at the open, trading around 49,400.

And the Nasdaq Composite opens lower by about a tenth of 1%.

The 10-year Treasury yield is down three basis points after a softer-than-expected reading on inflation.

The January consumer price index fell to 2.4 percent, lower than economists expected.

The core reading that leaves out food and energy rose three-tenths of one percent from December.

That put the year-over-year reading there in line with estimates at two-and-a-half percent.

The numbers have traders raising bets for a third rate cut from the Fed this year, but Morgan Stanley Chief Investment Officer Jim Caron says he's not