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Bloomberg News Now

Amazon Shares Fall Again, 2 ICE Officers Facing Serious Allegations, More

13 Feb 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.031 - 28.35 Unknown

The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.

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29.005 - 48.685 Dan Schwartzman

News when you want it with Bloomberg News Now. I'm Dan Schwartzman. Markets finishing the day mixed with little change as the Dow gained a tenth of a percent. The Nasdaq lost two tenths of one percent while the S&P 500 finished the day essentially flat. Meanwhile, Amazon shares posting their longest streak of daily losses in almost 20 years with a four tenths of a percent fall on Friday.

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48.665 - 66.37 Dan Schwartzman

This marks a 9-trade negative session, leading to the stock shedding 18% over the latest stretch, erasing about $463 billion in market valuation. Investors are worried about Amazon's spending on capital expenditures, including $200 billion this year on data centers, chips, and other equipment.

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66.35 - 83.711 Dan Schwartzman

Consumer prices, though, rose just two-tenths of a percent in January, the longest gain since July, while the core reading that leaves out food and energy came in where economists expected. Money markets priced in 63 basis points worth of Fed reductions in 2026, bolstering bets for as many as three rate cuts this year.

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84.171 - 89.938 Dan Schwartzman

Speaking to reporters outside the White House earlier in the day, President Trump trumpeted newly released low inflation numbers.

90.599 - 103.933 Donald Trump

So the inflation numbers just announced, as you know, are way down. And we have it back in track. We had the worst inflation in the history of our country, and now we have very modest inflation, which is what you want to have.

104.116 - 121.013 Dan Schwartzman

That's President Trump. Two federal immigration officers have been placed on administrative leave after a joint review found sworn testimony contradicted video evidence in a Minneapolis shooting case. The officers could face termination and potential criminal prosecution for lying under oath, which is a serious federal offense.

121.433 - 130.883 Dan Schwartzman

A review by Immigration and Customs Enforcement and the Department of Justice revealed that sworn testimony provided by the two officers appears to contain untruthful statements.

130.863 - 144.265 Dan Schwartzman

While both houses of Congress are currently in recess, with no spending bill for the Department of Homeland Security agreed to, Democratic Representative Debbie Wasserman Schultz in a Bloomberg interview blamed the Republicans for refusing to rein in the behavior of immigration agents.

Chapter 2: Why are Amazon shares experiencing their longest streak of losses?

289.96 - 304.215 Dan Schwartzman

Harvard has yet to respond to requests for comment. Norway and Italy have topped the medal count at the Milan Cortina Olympics with 18 total for both countries, with the U.S. in third place with 14 total medals. Norway also leading the count for gold medals with eight. The U.S. has just four.

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304.676 - 318.33 Dan Schwartzman

Meanwhile, gold medal favorite American figure skating sensation Ilya Malenik fell twice in a disastrous free skate, leading to the 21-year-old not medaling. That's news when you want it with Bloomberg News Now. I'm Dan Schwartzman and this is Bloomberg.

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321.01 - 346.239 Unknown

As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over £10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.

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347.021 - 366.998 Unknown

This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.

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